SHORT-TERM BORROWINGS

6 Months Ended

Jun. 30, 2012

SHORT-TERM BORROWINGS

8. SHORT-TERM BORROWINGS

Summary of Short-Term Borrowings

(Dollars in thousands)

	June 30, 2012					December 31, 2011
	Amount		Rate			Amount		Rate
Outstanding:
FHLB advances	$	335,000		0.24	%	$	156,000		0.33	%
Other Information:
Unused overnight federal funds availability (1)	$	345,000				$	200,000
Borrowing capacity through the FRB’s discount window primary credit program (2)	$	893,866				$	1,074,687
Unused FHLB advances availability	$	276,345				$	261,490
Weighted average remaining maturity of FHLB advances at period end (in months)		0.5					1.8

⁽¹⁾  Our total availability of overnight fed fund borrowings is not a committed line of credit and is dependent upon lender availability.

⁽²⁾  Includes federal term auction facilities. Our borrowing capacity changes each quarter subject to available collateral and FRB discount factors.

As a member of the FHLB Chicago, we have access to a borrowing capacity of $576.7 million at June 30, 2012, of which $276.3 million was available subject to the availability of acceptable collateral to pledge. FHLB advances reported as short-term borrowings represent advances with a remaining maturity of one year or less and are secured by qualifying residential and multi-family mortgages, commercial real estate loans and home equity lines of credit.