Morgan Stanley 2009 Annual Report Download - page 237

One Month Ended December 31, 2008
Average
Month-End
Balance Interest
Annualized
Average Rate
(dollars in millions)
Assets
Interest earning assets:
Financial instruments owned(1)
U.S ................................................... $122,842 $ 565 5.4%
Non-U.S ............................................... 49,384 38 0.9%
Receivables from other loans
U.S ................................................... 6,527 15 2.7%
Non-U.S ............................................... 5 — —
Interest bearing deposits with banks
U.S ................................................... 56,784 4 0.1%
Non-U.S ............................................... 18,053 15 1.0%
Federal funds sold and securities purchased under agreements to resell
and securities borrowed
U.S ................................................... 99,626 166 2.0%
Non-U.S ............................................... 65,568 214 3.8%
Other
U.S ................................................... 60,121 149 2.9%
Non-U.S ............................................... 18,698 131 8.3%
Total interest earning assets ...................................... 497,608 $1,297 3.1%
Non-interest earning assets ........................................ 170,292
Total assets ........................................ $667,900
Liabilities and Equity
Interest bearing liabilities:
Commercial paper and other short-term borrowings
U.S ................................................... $ 7,210 $ 27 4.4%
Non-U.S ............................................... 3,385 6 2.1%
Deposits
U.S ................................................... 47,082 53 1.3%
Non-U.S ............................................... 137 — 3.4%
Long-term debt
U.S ................................................... 169,117 570 4.0%
Non-U.S ............................................... 3,463 9 3.1%
Financial instruments sold, not yet purchased(1)
U.S ................................................... 36,450 — —
Non-U.S ............................................... 10,028 — —
Securities sold under agreements to repurchase and securities loaned
U.S ................................................... 76,223 99 1.5%
Non-U.S ............................................... 34,578 256 8.7%
Other
U.S ................................................... 90,993 14 0.2%
Non-U.S ............................................... 31,604 90 3.4%
Total interest bearing liabilities ....................... 510,270 $1,124 2.6%
Non-interest bearing liabilities and equity ............................. 157,630
Total liabilities and equity ........................... $667,900
Net interest revenues and net interest rate spread ....................... $ 173 0.5%
(1) Interest expense on Financial instruments sold, not yet purchased is reported as a reduction of Interest and dividends revenues.
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