System Energy Resources, Inc.  Management’s Financial Discussion and Analysis 384 Sources of Capital System Energy’s sources to meet its capital requirements include: x internally generated funds; x cash on hand; x debt issuances; and x bank financing under new or existing facilities.
System Energy may refinance, redeem, or otherwise retire debt prior to maturity, to the extent market conditions and interest and dividend rates are favorable.
All debt and common stock issuances by System Energy require prior regulatory approval.
Debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements.
System Energy has sufficient capacity under these tests to meet its foreseeable capital needs.
In February 2012, System Energy VIE issued $50 million of 4.02% Series H notes due February 2017.
System Energy used the proceeds to purchase additional nuclear fuel.
System Energy has obtained a short-term borrowing authorization from the FERC under which it may borrow, through October 2013, up to the aggregate amount, at any one time outstanding, of $200 million.
See Note 4 to the financial statements for further discussion of System Energy’s short-term borrowing limits.
System Energy has also obtained an order from the FERC authorizing long-term securities issuances.
The current long-term authorization extends through July 2013.
System Energy’s receivables from the money pool were as follows as of December 31 for each of the following years
## Table 0 ##
See Note 4 to the financial statements for a description of the money pool.
Nuclear Matters System Energy owns and operates Grand Gulf.
System Energy is, therefore, subject to the risks related to owning and operating a nuclear plant.
These include risks from the use, storage, handling and disposal of highlevel and low-level radioactive materials, regulatory requirement changes, including changes resulting from events at other plants, limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations, and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives, including the sufficiency of funds in decommissioning trusts.
In the event of an unanticipated early shutdown of Grand Gulf, System Energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning.
After the nuclear incident in Japan resulting from the March 2011 earthquake and tsunami, the NRC established a task force to conduct a review of processes and regulations relating to nuclear facilities in the United States.
The task force issued a near term (90-day) report in July 2011 that has made recommendations, which are currently being evaluated by the NRC.
It is anticipated that the NRC will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force’s recommendations.
These orders may require U. S.  nuclear operators, including Entergy, to undertake plant modifications or perform additional analyses that could, among other things, result in increased costs and capital requirements associated with operating Entergy’s nuclear plants.
Contractual Cash Obligations The following table is a summary of People’s contractual cash obligations, other than deposit liabilities, including operating leases.
Additional information concerning these contractual cash obligations is included in Notes 9, 10 and 19 to the Consolidated Financial Statements.
Purchase obligations included in the table represent those agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transactions.
A substantial majority of People’s purchase obligations are renewable on a year-to-year basis.
As such, the purchase obligations included in this table only reflect the contractual commitment.
## Table 1 ##
Liquidity Liquidity is defined as the ability to generate sufficient cash flows to meet all present and future funding requirements at reasonable costs.
Liquidity management addresses People’s ability to fund new loans and investments as opportunities arise, to meet customer deposit withdrawals and to repay borrowings and subordinated notes as they mature.
People’s liquidity position is monitored daily by management.
The Asset and Liability Management Committee (“ALCO”) is responsible for setting guidelines to ensure maintenance of prudent levels of liquidity.
Asset liquidity is provided by: cash; short-term investments; proceeds from security sales, maturities and principal repayments; and proceeds from scheduled principal collections, prepayments and sales of loans.
In addition, certain securities may be used to collateralize borrowings under repurchase agreements.
The Consolidated Statements of Cash Flows present data on cash provided by and used in People’s operating, investing and financing activities.
At December 31, 2006, People’s liquid assets included $30 million in trading account securities, $569 million in cash and cash equivalents, and $26 million in debt securities available for sale.
At December 31, 2006, People’s had pledged securities available for sale with a total fair value of $22 million as collateral for public deposits and for other purposes.
Liability liquidity is measured by People’s ability to obtain core deposits and purchased funds at costeffective rates that are diversified with respect to markets and maturities.
Core deposits, which are considered the most stable source of liability liquidity, totaled $9.0 billion at December 31, 2006 , compared to $8.9 billion at December 31, 2005 (representing 85% and 82% of total funding at the respective dates).
Purchased funds are used from time to time to diversify People’s funding mix and to support asset growth.
People’s purchased funds totaled $47 million at December 31, 2006 and $0.4 billion at December 31, 2005 (representing 0.5% and 4% of total funding at the respective dates).
People’s current sources of purchased funds include: federal funds purchased, advances from the FHLB of Boston and the Federal Reserve Bank of New York, municipal deposits and repurchase agreements.
At December 31, 2006, People’s borrowing limit from FHLB and Federal Reserve Bank advances and repurchase agreements was $3.5 billion, based on the level of qualifying collateral available for these borrowing sources.
In addition, People’s had unsecured borrowing capacity of $1.1 billion at December 31, 2006.
Non-Performing Assets
## Table 2 ##
(1) Reported net of government guarantees totaling $19.4 million, $9.7 million, $12.1 million, $9.4 million and $8.3 million at December 31, 2013, 2012, 2011, 2010 and 2009, respectively.
These government guarantees relate, almost entirely, to guarantees provided by the Small Business Administration as well as selected other federal agencies and represent the carrying value of the loans that are covered by such guarantees, the extent of which (i. e.  full or partial) varies by loan.
At December 31, 2013, the principal loan classes to which these government guarantees relate are commercial and industrial loans (approximately 95%) and commercial real estate loans (approximately 5%).
The preceding table excludes acquired loans that are (i) accounted for as purchased credit impaired loans or (ii) covered by an FDIC loss-share agreement (“LSA”) totaling $138 million and $4 million, respectively, at December 31, 2013; $174 million and $8 million, respectively, at December 31, 2012; $235 million and $14 million, respectively, at December 31, 2011; and $342 million and $18 million, respectively, at December 31, 2010.
Such loans otherwise meet People’s United Financial’s definition of a non-performing loan but are excluded because the loans are included in loan pools that are considered performing and/or credit losses are covered by an FDIC LSA.
The discounts arising from recording these loans at fair value were due, in part, to credit quality.
The acquired loans are generally accounted for on a pool basis and the accretable yield on the pools is being recognized as interest income over the life of the loans based on expected cash flows at the pool level.
Commercial Banking consists principally of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities.
This segment also includes the equipment financing operations of PCLC and PUEFC, as well as cash management, correspondent banking and municipal banking.
In addition, Commercial Banking consists of institutional trust services, corporate trust, insurance services provided through PUIA and private banking.

Tables referenced above, in order (Table 0 first):
<table><tr><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>(In Thousands)</td></tr><tr><td>$120,424</td><td>$97,948</td><td>$90,507</td><td>$42,915</td></tr></table>
<table><tr><td></td><td colspan="5"> Payments Due by Period</td></tr><tr><td> As of December 31, 2006 (in millions)</td><td> Total</td><td> Less Than 1 Year</td><td> 1-3 Years</td><td> 4-5 Years</td><td> After 5 Years</td></tr><tr><td>Borrowings</td><td>$4.1</td><td>$4.1</td><td>$—</td><td>$—</td><td>$—</td></tr><tr><td>Subordinated notes</td><td>65.3</td><td>—</td><td>—</td><td>65.3</td><td>—</td></tr><tr><td>Total on-balance-sheet</td><td>69.4</td><td>4.1</td><td>—</td><td>65.3</td><td>—</td></tr><tr><td>Operating leases</td><td>154.3</td><td>24.0</td><td>45.1</td><td>37.0</td><td>48.2</td></tr><tr><td>Purchase obligations</td><td>123.5</td><td>37.1</td><td>56.7</td><td>23.9</td><td>5.8</td></tr><tr><td>Total</td><td>$347.2</td><td>$65.2</td><td>$101.8</td><td>$126.2</td><td>$54.0</td></tr></table>
<table><tr><td>As of December 31 (dollars in millions)</td><td>2013</td><td>2012</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>Originated non-performing loans:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial Banking:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Commercial real estate</td><td>$70.8</td><td>$84.4</td><td>$106.7</td><td>$82.5</td><td>$72.4</td></tr><tr><td>Commercial and industrial</td><td>43.8</td><td>54.8</td><td>59.2</td><td>38.2</td><td>17.4</td></tr><tr><td>Equipment financing</td><td>23.2</td><td>27.2</td><td>42.9</td><td>36.0</td><td>20.6</td></tr><tr><td>Total</td><td>137.8</td><td>166.4</td><td>208.8</td><td>156.7</td><td>110.4</td></tr><tr><td>Retail:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage</td><td>58.9</td><td>65.0</td><td>68.9</td><td>78.8</td><td>52.7</td></tr><tr><td>Home equity</td><td>19.8</td><td>21.0</td><td>15.8</td><td>9.1</td><td>5.3</td></tr><tr><td>Other consumer</td><td>0.1</td><td>0.3</td><td>0.3</td><td>0.6</td><td>0.4</td></tr><tr><td>Total</td><td>78.8</td><td>86.3</td><td>85.0</td><td>88.5</td><td>58.4</td></tr><tr><td>Total originated non-performing loans -1</td><td>216.6</td><td>252.7</td><td>293.8</td><td>245.2</td><td>168.8</td></tr><tr><td>REO:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential</td><td>13.6</td><td>17.2</td><td>10.9</td><td>21.3</td><td>4.6</td></tr><tr><td>Commercial</td><td>13.1</td><td>11.4</td><td>15.9</td><td>18.5</td><td>19.3</td></tr><tr><td>Total REO</td><td>26.7</td><td>28.6</td><td>26.8</td><td>39.8</td><td>23.9</td></tr><tr><td>Repossessed assets</td><td>4.5</td><td>8.3</td><td>16.1</td><td>18.1</td><td>12.9</td></tr><tr><td>Total non-performing assets</td><td>$247.8</td><td>$289.6</td><td>$336.7</td><td>$303.1</td><td>$205.6</td></tr><tr><td>Originated non-performing loans as a percentage oforiginated loans</td><td>0.95%</td><td>1.30%</td><td>1.75%</td><td>1.70%</td><td>1.20%</td></tr><tr><td>Non-performing assets as a percentage of:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Originated loans, REO and repossessed assets</td><td>1.08</td><td>1.48</td><td>2.00</td><td>2.10</td><td>1.45</td></tr><tr><td>Tangible stockholders’ equity andoriginated allowance for loan losses</td><td>9.47</td><td>9.45</td><td>10.47</td><td>8.85</td><td>5.47</td></tr></table>

Question: What is the ratio of all retail that are smaller than 60 to the sum of retail, in 2011? (in %)
Answer: 0.18941
Reasoning program: add(15.8,0.3), divide(#0,85)