fhlb advances and other borrowings fhlb advances 2014the company had $ 0.7 billion and $ 0.5 billion in floating-rate and $ 0.2 billion and $ 1.8 billion in fixed-rate fhlb advances at december 31 , 2012 and 2011 , respectively . the floating-rate advances adjust quarterly based on the libor . during the year ended december 31 , 2012 , $ 650.0 million of fixed-rate fhlb advances were converted to floating-rate for a total cost of approximately $ 128 million which was capitalized and will be amortized over the remaining maturities using the effective interest method . in addition , during the year ended december 31 , 2012 , the company paid down in advance of maturity $ 1.0 billion of its fhlb advances and recorded $ 69.1 million in losses on the early extinguishment . this loss was recorded in the gains ( losses ) on early extinguishment of debt line item in the consolidated statement of income ( loss ) . the company did not have any similar transactions for the years ended december 31 , 2011 and 2010 . as a condition of its membership in the fhlb atlanta , the company is required to maintain a fhlb stock investment currently equal to the lesser of : a percentage of 0.2% ( 0.2 % ) of total bank assets ; or a dollar cap amount of $ 26 million . additionally , the bank must maintain an activity based stock investment which is currently equal to 4.5% ( 4.5 % ) of the bank 2019s outstanding advances at the time of borrowing . on a quarterly basis , the fhlb atlanta evaluates excess activity based stock holdings for its members and makes a determination regarding quarterly redemption of any excess activity based stock positions . the company had an investment in fhlb stock of $ 67.4 million and $ 140.2 million at december 31 , 2012 and 2011 , respectively . the company must also maintain qualified collateral as a percent of its advances , which varies based on the collateral type , and is further adjusted by the outcome of the most recent annual collateral audit and by fhlb 2019s internal ranking of the bank 2019s creditworthiness . these advances are secured by a pool of mortgage loans and mortgage-backed securities . at december 31 , 2012 and 2011 , the company pledged loans with a lendable value of $ 4.8 billion and $ 5.0 billion , respectively , of the one- to four-family and home equity loans as collateral in support of both its advances and unused borrowing lines . other borrowings 2014prior to 2008 , etbh raised capital through the formation of trusts , which sold trust preferred securities in the capital markets . the capital securities must be redeemed in whole at the due date , which is generally 30 years after issuance . each trust issued floating rate cumulative preferred securities ( 201ctrust preferred securities 201d ) , at par with a liquidation amount of $ 1000 per capital security . the trusts used the proceeds from the sale of issuances to purchase floating rate junior subordinated debentures ( 201csubordinated debentures 201d ) issued by etbh , which guarantees the trust obligations and contributed proceeds from the sale of its subordinated debentures to e*trade bank in the form of a capital contribution . the most recent issuance of trust preferred securities occurred in 2007 . the face values of outstanding trusts at december 31 , 2012 are shown below ( dollars in thousands ) : trusts face value maturity date annual interest rate .
at december 31 , 2012 what was the ratio of the face values of outstanding trusts with a maturity in 2037 to 2033
as of december 31 , 2011 , other borrowings also included $ 2.3 million of collateral pledged to the bank by its derivatives counterparties to reduce credit exposure to changes in market value . the company did not have any similar borrowings for the year ended december 31 , 2012. .