Goldman Sachs 2013 Annual Report Download - page 226

Supplemental Financial Information
Deposits
The table below presents a summary of the firm’s interest-
bearing deposits.
Average Balances
Year Ended December
in millions 2013 2012 2011
U.S.:
Savings 1$39,411 $32,235 $25,916
Time 21,413 16,433 7,318
Total U.S. deposits 60,824 48,668 33,234
Non-U.S.:
Demand 4,613 5,318 5,378
Time 4,270 2,413 1,654
Total Non-U.S. deposits 8,883 7,731 7,032
Total deposits $69,707 $56,399 $40,266
Average Interest Rates
Year Ended December
2013 2012 2011
U.S.:
Savings 10.30% 0.42% 0.42%
Time 1.09 1.38 1.84
Total U.S. deposits 0.58 0.74 0.73
Non-U.S.:
Demand 0.22 0.30 0.46
Time 0.59 0.87 0.73
Total Non-U.S. deposits 0.39 0.48 0.53
Total deposits 0.56 0.71 0.70
1. Amounts are available for withdrawal upon short notice, generally within
seven days.
Ratios
The table below presents selected financial ratios.
Year Ended
December
2013 2012 2011
Net earnings to average assets 0.9% 0.8% 0.5%
Return on average common
shareholders’ equity 111.0 10.7 3.7
Return on average total shareholders’ equity 210.4 10.3 6.1
Total average equity to average assets 8.2 7.7 7.7
Dividend payout ratio 313.3 12.5 31.0
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
As of December
$ in millions 2013 2012 2011
Amounts outstanding at year-end $183,527 $185,572 $171,684
Average outstanding during the year 178,686 177,550 171,753
Maximum month-end outstanding 196,393 198,456 190,453
Weighted average interest rate
During the year 0.32% 0.46% 0.53%
At year-end 0.28 0.44 0.39
Short-Term Borrowings 1, 2
As of December
$ in millions 2013 2012 2011
Amounts outstanding at year-end $ 61,982 $ 67,349 $ 78,223
Average outstanding during the year 60,926 70,359 78,497
Maximum month-end outstanding 66,978 75,280 87,281
Weighted average interest rate
During the year 0.65% 0.83% 0.67%
At year-end 0.89 0.79 0.92
1. Includes short-term secured financings of $17.29 billion, $23.05 billion and
$29.19 billion as of December 2013, December 2012 and December 2011,
respectively.
2. The weighted average interest rates for these borrowings include the effect
of hedging activities.
224 Goldman Sachs 2013 Annual Report