Morgan Stanley 2009 Annual Report Download - page 173

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
As of December 31, 2009, interest bearing deposits maturing over the next five years were as follows (dollars in
millions):
Year
2010(1) ................................................................... $59,097
2011 ..................................................................... 898
2012 ..................................................................... 586
2013 ..................................................................... 1,331
2014 ..................................................................... 192
(1) Amount includes approximately $57 billion of savings deposits, which have no stated maturity and approximately $2 billion of time
deposits.
As of December 31, 2009 and December 31, 2008, the Company had $110 million and $64 million, respectively,
of time deposits in denominations of $100,000 or more.
9. Borrowings.
Commercial Paper and Other Short-Term Borrowings.
The table below summarizes certain information regarding commercial paper and other short-term borrowings:
December 31,
2009(1)
December 31,
2008(2)
(dollars in millions)
Commercial Paper(3):
Balance at period-end .................................................. $ 783 $7,388
Average balance ....................................................... $ 924 $7,066
Weighted average interest rate on period-end balance ......................... 0.8% 2.3%
Other Short-Term Borrowings(4)(5):
Balance at period-end .................................................. $1,595 $2,714
Average balance ....................................................... $2,453 $3,529
(1) Average balances are calculated based upon weekly balances for 2009.
(2) Average balances are calculated based upon month-end balances for the one month ended December 31, 2008.
(3) Amounts at December 31, 2008 include commercial paper issued under the Temporary Liquidity Guarantee Program (“TLGP”).
(4) These borrowings included bank loans, bank notes and structured notes with maturities of 12 months or less.
(5) Certain structured short-term borrowings are carried at fair value under the fair value option. See Note 4 for additional information.
Long-Term Borrowings.
Maturities and Terms. Long-term borrowings consisted of the following (dollars in millions):
U.S. Dollar Non-U.S. Dollar(1)
Fixed
Rate
Floating
Rate(2)
Index
Linked(3)
Fixed
Rate
Floating
Rate(2)
Index
Linked(3)
At
December 31,
2009(4)(5)(6)
At
December 31,
2008(4)
Due in 2009 ........... $ — $ — $ — $ — $ — $ — $ — $ 20,580
Due in 2010 ........... 11,484 6,932 1,557 2,452 1,481 2,182 26,088 25,129
Due in 2011 ........... 11,054 4,422 1,910 4,928 788 3,708 26,810 24,915
Due in 2012 ........... 10,891 10,201 723 5,214 7,196 3,814 38,039 24,199
Due in 2013 ........... 2,820 19 539 3,837 7,684 10,121 25,020 21,665
Due in 2014 ........... 8,295 1,617 745 2,656 2,414 1,139 16,866 9,753
Thereafter ............ 29,875 6,007 3,299 11,674 6,219 3,477 60,551 53,594
Total ............ $74,419 $29,198 $8,773 $30,761 $25,782 $24,441 $193,374 $179,835
Weighted average coupon
at period-end ........ 5.2% 1.2% n/a 4.6% 1.1% n/a 3.7% 4.8%
168