Discover 2011 Annual Report Download - page 133
Download and view the complete annual report
Please find page 133 of the 2011 Discover annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
 |
 |
121
10. Deposits
The Company offers its deposit products, including certificates of deposit, money market accounts, online savings
accounts and Individual Retirement Account (IRA) certificates of deposit to customers through two channels: (i) through direct
marketing, internet origination and affinity relationships (“direct-to-consumer deposits”); and (ii) indirectly through contractual
arrangements with securities brokerage firms (“brokered deposits”). As of November 30, 2011 and November 30, 2010, the
Company had approximately $26.2 billion and $20.6 billion, respectively, of direct-to-consumer deposits and approximately
$13.3 billion and $13.7 billion, respectively, of brokered deposits.
A summary of interest-bearing deposit accounts is as follows (dollars in thousands):
Certificates of deposit in amounts less than $100,000(1)
Certificates of deposit from amounts of $100,000(1)to less than $250,000(1)
Certificates of deposit in amounts of $250,000(1)or greater
Savings deposits, including money market deposit accounts
Total interest-bearing deposits
Average annual interest rate
November 30,
2011
$ 20,114,121
5,290,405
1,189,779
12,869,582
$ 39,463,887
2.57%
2010
$ 19,797,420
4,626,792
1,146,843
8,738,784
$ 34,309,839
3.12%
(1) $100,000 represents the basic insurance amount previously covered by the FDIC. Effective July 21, 2010, the basic insurance per depositor was
permanently increased to $250,000.
At November 30, 2011, certificates of deposit maturing over the next five years and thereafter were as follows (dollars in
thousands):
Year
2012
2013
2014
2015
2016
Thereafter
Amount
$ 12,419,875
$ 6,813,369
$ 3,008,278
$ 2,021,264
$ 1,526,304
$ 805,215
Table of Contents