Goldman Sachs 2012 Annual Report Download - page 228

Supplemental Financial Information
Deposits
The table below presents a summary of the firm’s interest-bearing deposits.
Average Balances Average Interest Rates
Year Ended December Year Ended December
$ in millions 2012 2011 2010 2012 2011 2010
U.S.:
Savings 1$32,235 $25,916 $23,260 0.42% 0.42% 0.44%
Time 16,433 7,318 8,158 1.38 1.84 2.16
Total U.S. deposits 48,668 33,234 31,418 0.74 0.73 0.89
Non-U.S.:
Demand 5,318 5,378 5,559 0.30 0.46 0.34
Time 2,413 1,654 1,034 0.87 0.73 0.58
Total Non-U.S. deposits 7,731 7,032 6,593 0.48 0.53 0.38
Total deposits $56,399 $40,266 $38,011 0.71 0.70 0.80
1. Amounts are available for withdrawal upon short notice, generally within seven days.
Ratios
The table below presents selected financial ratios.
Year Ended December
2012 2011 2010
Net earnings to average assets 0.8% 0.5% 0.9%
Return on average common shareholders’ equity 110.7 3.7 11.5
Return on average total shareholders’ equity 210.3 6.1 11.3
Total average equity to average assets 7.7 7.7 8.3
Dividend payout ratio 312.5 31.0 10.6
1. Based on net earnings applicable to common shareholders divided by average monthly common shareholders’ equity.
2. Based on net earnings divided by average monthly total shareholders’ equity.
3. Dividends declared per common share as a percentage of diluted earnings per common share.
Short-term and Other Borrowed Funds
The table below presents a summary of the firm’s securities
loaned and securities sold under agreements to repurchase
and short-term borrowings. These borrowings generally
mature within one year of the financial statement date and
include borrowings that are redeemable at the option of the
holder within one year of the financial statement date.
Securities Loaned and Securities Sold
Under Agreements to Repurchase Short-Term Borrowings 1, 2
As of December As of December
$ in millions 2012 2011 2010 2012 2011 2010
Amounts outstanding at year-end $185,572 $171,684 $173,557 $67,349 $78,223 $72,371
Average outstanding during the year 177,550 171,753 160,280 70,359 78,497 55,512
Maximum month-end outstanding 198,456 190,453 173,557 75,280 87,281 72,371
Weighted average interest rate
During the year 0.46% 0.53% 0.44% 0.83% 0.67% 0.82%
At year-end 0.44 0.39 0.44 0.79 0.92 0.63
1. Includes short-term secured financings of $23.05 billion, $29.19 billion and $24.53 billion as of December 2012, December 2011 and December 2010, respectively.
2. The weighted average interest rates for these borrowings include the effect of hedging activities.
226 Goldman Sachs 2012 Annual Report