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Borrowed Funds (Tables) | 3 Months Ended
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Mar. 31, 2017
Summary of Borrowed Funds | The following table summarizes the Company’s borrowed funds at March 31, 2017 and December 31, 2016:
(in thousands) |  | March 31, 2017 |  |  | December 31, 2016 |
Wholesale Borrowings: |  |  |  |  |  |  |  |
FHLB advances |  | $ | 11,354,500 |  |  | $ | 11,664,500 |
Repurchase agreements |  |  | 1,500,000 |  |  |  | 1,500,000 |
Fed funds purchased |  |  | — |  |  |  | 150,000 |
Total wholesale borrowings |  | $ | 12,854,500 |  |  | $ | 13,314,500 |
Junior subordinated debentures |  |  | 358,952 |  |  |  | 358,879 |
Total borrowed funds |  | $ | 13,213,452 |  |  | $ | 13,673,379 |
Summary of Repurchase Agreements Accounted for Secured Borrowings | The following table summarizes the Company’s repurchase agreements accounted for as secured borrowings at March 31, 2017:
|  | Remaining Contractual Maturity of the Agreements |
(in thousands) |  | Overnight and Continuous |  |  | Up to 30 Days |  |  | 30–90 Days |  |  | Greater than 90 Days |
GSE debentures and mortgage-related securities |  | $ | — |  |  | $ | — |  |  | $ | 1,250,000 |  |  | $ | 250,000 |
Junior Subordinated Debentures Outstanding | The following junior subordinated debentures were outstanding at March 31, 2017:
Issuer |  | Interest Rate of Capital Securities and Debentures |  |  | Junior Subordinated Debentures Amount Outstanding |  |  | Capital Securities Amount Outstanding |  |  | Date of Original Issue |  |  | Stated Maturity |  |  | First Optional Redemption Date |
|  |  |  |  | (dollars in thousands) |  |  |  |  |  |  |  |  |  |
New York Community Capital Trust V (BONUSESSM Units) |  |  | 6.000 | % |  | $ | 145,026 |  |  | $ | 138,675 |  |  |  | Nov. 4, 2002 |  |  |  | Nov. 1, 2051 |  |  |  | Nov. 4, 2007 | (1)
New York Community Capital Trust X |  |  | 2.731 |  |  |  | 123,712 |  |  |  | 120,000 |  |  |  | Dec. 14, 2006 |  |  |  | Dec. 15, 2036 |  |  |  | Dec. 15, 2011 | (2)
PennFed Capital Trust III |  |  | 4.381 |  |  |  | 30,928 |  |  |  | 30,000 |  |  |  | June 2, 2003 |  |  |  | June 15, 2033 |  |  |  | June 15, 2008 | (2)
New York Community Capital Trust XI |  |  | 2.802 |  |  |  | 59,286 |  |  |  | 57,500 |  |  |  | April 16, 2007 |  |  |  | June 30, 2037 |  |  |  | June 30, 2012 | (2)
Total junior subordinated debentures |  |  |  |  |  | $ | 358,952 |  |  | $ | 346,175 |  |  |  |  |  |  |  |  |  |  |  |  |
(1) | Callable subject to certain conditions as described in the prospectus filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 4, 2002.
(2) | Callable from this date forward.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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- Definition Tabular disclosure of the nature and risks of short-term collateralized financing obtained through repurchase agreements, securities lending transactions and repurchase-to-maturity transactions, accounted for as secured borrowings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64858031&loc=SL34722452-111729 + Details
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