content_image/180776.jpg
## 16. SHORT-TERM BORROWINGS 

Borrowings with original maturities of one year or less are classified as short term, and include federal funds purchased and other short-term borrowings. Federal funds purchased are excess balances in reserve accounts held at Federal Reserve Banks that the Bancorp purchased from other member banks on an overnight basis. Other short-term borrowings include securities 

sold under repurchase agreements, derivative collateral, FHLB advances and other borrowings with original maturities of one year or less. 

A summary of short-term borrowings and weighted-average rates follows: 

<img src='content_image/180776.jpg'>

