Securities Sold Under Agreements to Repurchase and Other Short-Term Borrowings
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||
Securities Sold Under Agreements to Repurchase and Other Short-Term Borrowings | |||||||||||||||||||||||||||||||||||||||||||||||||
Securities Sold Under Agreements to Repurchase and Other Short-Term Borrowings | (9) Securities Sold Under Agreements to Repurchase and Other Short-Term Borrowings
Securities sold under agreements to repurchase are a funding source of the Bank and are primarily used by commercial customers in conjunction with corporate cash management accounts. Such repurchase agreements are considered financing agreements and generally mature within one business day from the transaction date. Information concerning securities sold under agreements to repurchase is summarized as follows:
|