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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

7. Banking – Specifc disclosures (continued)

7.6 Banking – Deposits and short-term borrowings

CONSOLIDATED

2011 2010 $m $m

Unsecured

Banking

Financial liabilities at amortised cost

Call deposits 9,520 9,059 Term deposits 18,393 17,519 Short-term securities issued 7,296 6,455 Offshore borrowings 198 182

Financial liabilities designated at fair value through proft or loss

Offshore borrowings 3,840 1,029 39,247 34,244 Consolidated

General Insurance, Life and Corporate call deposits with Banking

at amortised cost (389) (286) Total deposits and short-term borrowings – current 38,858 33,958

Deposits and short-term borrowings outstanding at 30 June 2011 of $301 million (2010: $280 million) have been obtained under repurchase agreements with the Reserve Bank of Australia.

7.7 Banking – Securitisation liabilities

CONSOLIDATED

2011 2010 $m $m

Secured

Banking

Notes measured at amortised cost 3,634 4,906 Consolidated

General Insurance and Life investments in Banking’s securitisation

liabilities at amortised cost (102) (196) Total securitisation liabilities 3,532 4,710

Current 915 1,261 Non-current 2,617 3,449 Total securitisation liabilities 3,532 4,710