NYCB 2017 Annual Report

111 The scheduled maturities of certificates of deposit (“CDs”) at December 31, 2017 were as follows: (in thousands) 1 year or less $5,897,172 More than 1 year through 2 years 2,461,847 More than 2 years through 3 years 209,389 More than 3 years through 4 years 42,485 More than 4 years through 5 years 21,907 Over 5 years 10,846 Total CDs $8,643,646 The following table presents a summary of CDs in amounts of $100,000 or more by remaining term to maturity, at December 31, 2017: CDs of $100,000 or More Maturing Within (in thousands) 3 Months or Less Over 3 to 6 Months Over 6 to 12 Months Over 12 Months Total Total $1,333,531 $1,495,368 $1,064,316 $1,595,643 $5,488,858 Included in total deposits at December 31, 2017 and 2016 were brokered deposits of $4.0 billion and $3.9 billion, with weighted average interest rates of 1.37% and 0.62% at the respective year-ends. Brokered money market accounts represented $2.6 billion and $2.5 billion, respectively, of the December 31, 2017 and 2016 totals, and brokered interest-bearing checking accounts represented $793.7 million and $1.4 billion, respectively. Brokered CDs represented $567.8 million of brokered deposits at December 31, 2017. There were no brokered CDs at December 31, 2016. NOTE 8: BORROWED FUNDS The following table summarizes the Company’s borrowed funds at December 31, 2017 and 2016: December 31, (in thousands) 2017 2016 Wholesale borrowings: FHLB advances $12,104,500 $11,664,500 Repurchase agreements 450,000 1,500,000 Federal funds purchased -- 150,000 Total wholesale borrowings $12,554,500 $13,314,500 Junior subordinated debentures 359,179 358,879 Total borrowed funds $12,913,679 $13,673,379 Accrued interest on borrowed funds is included in “Other liabilities” in the Consolidated Statements of Condition and amounted to $19.3 million and $18.1 million, respectively, at December 31, 2017 and 2016. FHLB Advances The following table presents an analysis of the contractual maturities of the Company’s outstanding FHLB advances at December 31, 2017, none of which had callable features. Contractual Maturity (dollars in thousands) Year of Maturity Amount Weighted Average Interest Rate 2018 $ 3,923,500 1.51 2019 4,431,000 1.74 2020 3,150,000 2.09 2021 600,000 2.21 Total FHLB advances $12,104,500 1.78% The Company had no short-term FHLB advances at December 31, 2017. At December 31, 2016, short-term advances totaled $300.0 million with a weighted average interest rate of 0.81%. During the twelve months ended at December 31, 2017 and 2016, the average balances of short-term FHLB advances were $3.3 million and