we currently maintain a corporate commercial paper program , unrelated to the conduits 2019 asset-backed commercial paper program , under which we can issue up to $ 3 billion with original maturities of up to 270 days from the date of issue .at december 31 , 2009 , we had $ 2.78 billion of commercial paper outstanding , compared to $ 2.59 billion at december 31 , 2008 .additional information about our corporate commercial paper program is provided in note 8 of the notes to consolidated financial statements included under item 8 .in connection with our participation in the fdic 2019s temporary liquidity guarantee program , or tlgp , in which we elected to participate in december 2008 , the parent company was eligible to issue up to approximately $ 1.67 billion of unsecured senior debt during 2009 , backed by the full faith and credit of the united states .as of december 31 , 2009 , the parent company 2019s outstanding unsecured senior debt issued under the tlgp was $ 1.5 billion .additional information with respect to this outstanding debt is provided in note 9 of the notes to consolidated financial statements included under item 8 .the guarantee of this outstanding debt under the tlgp expires on april 30 , 2012 , the maturity date of the debt .state street bank currently has board authority to issue bank notes up to an aggregate of $ 5 billion , and up to $ 1 billion of subordinated bank notes .in connection with state street bank 2019s participation in the tlgp , in which state street bank elected to participate in december 2008 , state street bank was eligible to issue up to approximately $ 2.48 billion of unsecured senior notes during 2009 , backed by the full faith and credit of the united states .as of december 31 , 2009 , state street bank 2019s outstanding unsecured senior notes issued under the tlgp , and pursuant to the aforementioned board authority , totaled $ 2.45 billion .additional information with respect to these outstanding bank notes is provided in note 9 of the notes to consolidated financial statements included under item 8 .the guarantee of state street bank 2019s outstanding debt under the tlgp expires on the maturity date of each respective debt issuance , as follows 2014$ 1 billion on march 15 , 2011 , and $ 1.45 billion on september 15 , 2011 .state street bank currently maintains a line of credit with a financial institution of cad $ 800 million , or approximately $ 761 million as of december 31 , 2009 , to support its canadian securities processing operations .the line of credit has no stated termination date and is cancelable by either party with prior notice .as of december 31 , 2009 , no balance was outstanding on this line of credit .contractual cash obligations .
[['as of december 31 2009 ( in millions )', 'payments due by period total', 'payments due by period less than 1 year', 'payments due by period 1-3 years', 'payments due by period 4-5 years', 'payments due by period over 5 years'], ['long-term debt ( 1 )', '$ 10981', '$ 529', '$ 4561', '$ 797', '$ 5094'], ['operating leases', '1033', '229', '342', '240', '222'], ['capital lease obligations', '1151', '74', '147', '145', '785'], ['total contractual cash obligations', '$ 13165', '$ 832', '$ 5050', '$ 1182', '$ 6101']]
( 1 ) long-term debt excludes capital lease obligations ( reported as a separate line item ) and the effect of interest- rate swaps .interest payments were calculated at the stated rate with the exception of floating-rate debt , for which payments were calculated using the indexed rate in effect on december 31 , 2009 .the obligations presented in the table above are recorded in our consolidated statement of condition at december 31 , 2009 , except for interest on long-term debt .the table does not include obligations which will be settled in cash , primarily in less than one year , such as deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings .additional information about deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings is provided in notes 7 and 8 of the notes to consolidated financial statements included under item 8 .the table does not include obligations related to derivative instruments , because the amounts included in our consolidated statement of condition at december 31 , 2009 related to derivatives do not represent the amounts that may ultimately be paid under the contracts upon settlement .additional information about derivative contracts is provided in note 16 of the notes to consolidated financial statements included under item 8 .we have obligations under pension and other post-retirement benefit plans , more fully described in note 18 of the notes to consolidated financial statements included under item 8 , which are not included in the above table. .

Question: as of december 2009 what was the percent of the total contractual obligations that was due in less than 1 year for long-term debt ( 1 )
Answer: 4.82%