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BORROWINGS
 3 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
BORROWINGS BORROWINGS
Borrowings at September 30, 2024 and June 30, 2024 consisted of the following:
September 30,
2024		June 30,
2024
(In Thousands)
FHLB advances$1,109,888 $1,434,789 
Federal Reserve Bank Term Funding Program ("BTFP") borrowings100,000 100,000 
Overnight borrowings (1)
270,000 175,000 
Total borrowings$1,479,888 $1,709,789 
___________________________
(1)At September 30, 2024, there were no FHLB overnight line of credit borrowings and $270.0 million of unsecured overnight borrowings from other financial institutions. At June 30, 2024, represented $175.0 million of FHLB overnight line of credit borrowings.
Fixed rate advances from the FHLB of New York and BTFP borrowings mature as follows:
September 30, 2024June 30, 2024
BalanceWeighted
Average
Interest Rate		BalanceWeighted
Average
Interest Rate
(Dollars in Thousands)
By remaining period to maturity:
Less than one year$1,003,500 4.87 %$1,328,500 5.25 %
One to two years6,500 2.82 6,500 2.82 
Two to three years— — — — 
Three to four years200,000 3.98 200,000 3.98 
Four to five years— — — — 
Greater than five years— — — — 
Total advances1,210,000 4.71 %1,535,000 5.07 %
Unamortized fair value adjustments(112)(211)
Total advances, net of fair value adjustments$1,209,888 $1,534,789 
At September 30, 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 $4.40 billion. At June 30, 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 September 30, 2024 and June 30, 2024, BTFP borrowings were secured by agency mortgage-backed securities with a par value of $111.5 million and $113.5 million, respectively. The BTFP allows depository institutions to borrow up to the par value of eligible securities pledged at the Federal Reserve Bank.