Ally Bank 2011 Annual Report Download - page 117

Table of Contents
Management's Discussion and Analysis
Ally Financial Inc. • Form 10−K
Deposit Liabilities
The following table presents the average balances and interest rates paid for types of domestic and foreign deposits.
2011 2010 2009
Year ended December 31, ($ in millions) Average balance (a) Average deposit rate Average balance (a) Average deposit rate Average balance (a) Average deposit rate
Domestic deposits
Noninterest−bearing deposits $ 2,237 —% $ 2,071 —% $ 1,955 —%
Interest−bearing deposits
Savings and money market checking accounts 9,696 0.88 8,015 1.21 5,941 1.66
Certificates of deposit 26,109 1.77 21,153 2.04 16,401 3.33
Dealer deposits 1,685 3.87 1,288 4.00 671 4.09
Total domestic deposit liabilities 39,727 1.55 32,527 1.78 24,968 2.70
Foreign deposits
Noninterest−bearing deposits 2 — 11 — — —
Interest−bearing deposits
Savings and money market checking accounts 1,158 2.03 550 2.01 117 6.57
Certificates of deposit 2,166 2.23 2,107 2.83 1,029 2.25
Dealer deposits 322 4.30 242 4.47 — —
Total foreign deposit liabilities 3,648 2.35 2,910 2.80 1,146 2.69
Total deposit liabilities $ 43,375 1.61% $ 35,437 1.86% $ 26,114 2.70%
(a) Average balances are calculated using a combination of monthly and daily average methodologies.
The following table presents the amount of domestic certificates of deposit in denominations of $100 thousand or more segregated by time remaining
until maturity.
December 31, 2011 ($ in millions) Three months or less
Over three months
through
six months
Over six months
through
twelve months Over twelve months Total
Domestic certificates of deposit ($100,000 or more) $ 1,531 $ 1,750 $ 2,748 $ 3,956 $ 9,985
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