FUNDING Funding Availability The Company has established access to a variety of funding alternatives in addition to securitization of its consumer loans. Table 10 illustrates the Company’s unsecured funding sources. The Senior and Subordinated Global Bank Note Program gives the Bank the ability to issue securities to both U.S. and non-U.S. lenders and to raise funds in foreign currencies. The Senior and Subordinated Global Bank Note Program had $2.7 billion outstanding at December 31, 2002. In January 2003, the Bank increased its capacity under the Senior and Subordinated Global Bank Note Program to $8.0 billion. Prior to the establishment of the Senior and Subordinated Global Bank Note Program, the Bank issued senior unsecured debt through its $8.0 billion Senior Domestic Bank Note Program, of which $1.3 billion was outstanding at December 31, 2002. The Bank did not renew the Senior Domestic Bank Note Program for future issuances.  In July 2002, the Company repurchased senior bank notes in the amount of $230.4 million, resulting in a pre-tax gain of $27.0 million.  The Domestic Revolving Credit Facility (the “Credit Facility”) is available for general corporate purposes of the Company. The Credit Facility is comprised of two tranches: a $810.0 million Tranche A facility available to the Bank and the Savings Bank, including an option for up to $250.0 million in multicurrency availability; and a $390.0 Tranche B facility available to the Corporation, the Bank and the Savings Bank, including an option for up to $150.0 million in multicurrency availability. All borrowings under the Credit Facility are based on varying terms of LIBOR. The Bank has irrevocably undertaken to honor any demand by the lenders to repay any borrowings which are due and payable by the Savings Bank but have not been paid. 34 (1) All funding sources are non-revolving except for the Multicurrency Credit Facility, the Domestic Revolving Credit Facility and the Collateralized Revolving Credit Facility. (2) The global senior and subordinated bank note program has original terms of three to five years. (3) The senior domestic bank note program has original terms of one to ten years.  (4) US dollar equivalent based on the USD/Euro exchange rate as of December 31, 2002. (5) Maturity date refers to the date the facility terminates, where applicable. Funding availability under the credit facilities is subject to compliance with certain representations, warranties and covenants. Funding availability under all other sources is subject to market conditions. FUNDING  ($ in millions) Interest-bearing deposits Other borrowings Senior notes <3 years Senior notes >3 years 2002 Total Funding: $29,257 6,365 3,622 1,944 17,326 Total Funding: $22,170 2,667 3,996 12,839 2001 2,668 Effective/ (dollars or dollar equivalents in millions)Issue (1) Final Maturity (5) Senior and Subordinated Global Bank Note Program (2)  6/00 $ 5,000 $ 2,263 - Senior Domestic Bank Note Program (3) 4/97 $ 1,261 - - Domestic Revolving Credit Facility 5/99 $ 1,200 $ 1,200 5/03 Multicurrency Facility (4) 8/00 $ 315 $ 315 8/04 Collateralized Revolving Credit Facility - $ 2,200 $ 1,306 - Corporation shelf registration 3/02 - $ 2,248 - Table 10: Funding Availability