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BORROWINGS
 9 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
BORROWINGS BORROWINGS
Borrowings at March 31, 2024 and June 30, 2023 consisted of the following:
March 31,
2024		June 30,
2023
(In Thousands)
FHLB advances$1,357,178 $1,281,812 
Federal Reserve Bank Term Funding Program ("BTFP") borrowings100,000 — 
Overnight borrowings (1)
265,000 225,000 
Total borrowings$1,722,178 $1,506,812 
___________________________
(1)At March 31, 2024, represented $265.0 million of FHLB overnight line of credit borrowings. At June 30, 2023, represented $125.0 million of FHLB overnight line of credit borrowings and $100.0 million of unsecured overnight borrowings from other financial institutions.
Fixed rate advances from the FHLB of New York and BTFP borrowings mature as follows:
March 31, 2024June 30, 2023
BalanceWeighted
Average
Interest Rate		BalanceWeighted
Average
Interest Rate
(Dollars in Thousands)
By remaining period to maturity:
Less than one year$1,228,500 5.22 %$972,500 5.36 %
One to two years29,000 2.77 103,500 2.68 
Two to three years— — 6,500 2.82 
Three to four years200,000 3.98 — — 
Four to five years— — 200,000 3.98 
Greater than five years— — — — 
Total advances1,457,500 5.00 %1,282,500 4.92 %
Unamortized fair value adjustments(322)(688)
Total advances, net of fair value adjustments$1,457,178 $1,281,812 
At March 31, 2024, FHLB advances and overnight line of credit borrowings were collateralized by the FHLB capital stock owned by the Bank and mortgage loans with carrying values totaling approximately $4.38 billion. At June 30, 2023, FHLB advances and overnight line of credit borrowings were collateralized by the FHLB capital stock owned by the Bank and mortgage loans with carrying values totaling approximately $4.60 billion.
At March 31, 2024, BTFP borrowings were secured by agency mortgage-backed securities with a par value of $115.4 million. At June 30, 2023, the Company had no BTFP borrowings. The BTFP allows depository institutions to borrow up to the par value of eligible securities pledged at the Federal Reserve Bank.