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Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2018

Summary of Borrowed Funds

The following table summarizes the Company’s borrowed funds at the dates indicated:

(in thousands)		September 30, 2018					December 31, 2017
Wholesale Borrowings:
FHLB advances			$	13,281,000				$	12,104,500
Repurchase agreements				200,000					450,000
Total wholesale borrowings			$	13,481,000				$	12,554,500
Junior subordinated debentures				359,422					359,179
Total borrowed funds			$	13,840,422				$	12,913,679

Summary of Repurchase Agreements Accounted for Secured Borrowings

The following table summarizes the Company’s repurchase agreements accounted for as secured borrowings at September 30, 2018:

		Remaining Contractual Maturity of the Agreements
(in thousands)		Overnight and Continuous					Up to 30 Days					30–90 Days					Greater than 90 Days
GSE obligations			$	--				$	--				$	--				$	200,000

Junior Subordinated Debentures Outstanding

The following junior subordinated debentures were outstanding at September 30, 2018:

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%				$	145,496				$	139,145			Nov. 4, 2002		Nov. 1, 2051		Nov. 4, 2007 (1)
New York Community Capital Trust X				3.934					123,712					120,000			Dec. 14, 2006		Dec. 15, 2036		Dec. 15, 2011 (2)
PennFed Capital Trust III				5.584					30,928					30,000			June 2, 2003		June 15, 2033		June 15, 2008 (2)
New York Community Capital Trust XI				4.046					59,286					57,500			April 16, 2007		June 30, 2037		June 30, 2012 (2)
Total junior subordinated debentures								$	359,422				$	346,645

(1) Callable subject to certain conditions as described in the prospectus filed with 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.

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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://fasb.org/us-gaap/role/ref/legacyRef
-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

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729

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