Comerica 2011 Annual Report Download - page 131

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
F-94
NOTE 12 - SHORT-TERM BORROWINGS
Federal funds purchased and securities sold under agreements to repurchase generally mature within one to four days
from the transaction date. Other short-term borrowings, which may consist of commercial paper, borrowed securities, term federal
funds purchased, short-term notes, treasury tax and loan deposits and, in 2009, Federal Reserve Term Auction Facility borrowings,
generally mature within one to 120 days from the transaction date.
At December 31, 2011, Comerica Bank (the Bank), a subsidiary of the Corporation, had pledged loans totaling $22 billion
which provided for up to $14 billion of available collateralized borrowing with the FRB.
The following table provides a summary of short-term borrowings.
(dollar amounts in millions)
December 31, 2011
Amount outstanding at year-end
Weighted average interest rate at year-end
Maximum month-end balance during the year
Average balance outstanding during the year
Weighted average interest rate during the year
December 31, 2010
Amount outstanding at year-end
Weighted average interest rate at year-end
Maximum month-end balance during the year
Average balance outstanding during the year
Weighted average interest rate during the year
December 31, 2009
Amount outstanding at year-end
Weighted average interest rate at year-end
Maximum month-end balance during the year
Average balance outstanding during the year
Weighted average interest rate during the year
Federal Funds Purchased
and Securities Sold Under
Agreements to Repurchase
$ 70
0.05%
$ 317
137
0.09%
$ 126
0.12 %
$ 474
210
0.11 %
$ 462
0.03 %
$ 655
467
0.19 %
Other
Short-term
Borrowings
$ —
—%
$ 18
1
4.33%
$ 4
4.95 %
$ 16
6
5.31 %
$ —
— %
$ 2,558
532
0.28 %