Morgan Stanley 2010 Annual Report Download - page 263

FINANCIAL DATA SUPPLEMENT (Unaudited)—Continued
2009 versus Fiscal 2008
Increase (Decrease) due to Change in:
Volume Rate Net Change
(dollars in millions)
Interest earning assets:
Financial instruments owned .......................... $ (2,147) $ (2,139) $ (4,286)
Loans ............................................. (365) (190) (555)
Other ............................................. (7,509) (19,104) (26,613)
Change in interest income ............................... $(10,021) $(21,433) $(31,454)
Interest bearing liabilities:
Commercial paper and other short-term borrowings ........ $ (558) $ (54) $ (612)
Deposits .......................................... 544 (502) 42
Long-term debt ..................................... (363) (2,532) (2,895)
Other ............................................. (9,809) (16,284) (26,093)
Change in interest expense ............................... $(10,186) $(19,372) $(29,558)
Change in net interest income ............................ $ 165 $ (2,061) $ (1,896)
Deposits.
Average Deposits(1)
2010 2009 Fiscal 2008
One Month Ended
December 31, 2008
Average
Amount(1)
Average
Rate
Average
Amount(1)
Average
Rate
Average
Amount(1)
Average
Rate
Average
Amount(1)
Average
Rate
(dollars in millions)
Deposits(2):
Savings deposits ............. $58,053 0.2% $52,397 0.9% $33,756 2.0% $38,911 0.8%
Time deposits ............... 4,776 3.7% 8,883 3.7% 1,555 4.0% 8,308 3.9%
Total .................. $62,829 0.5% $61,280 1.3% $35,311 2.1% $47,219 1.3%
(1) The Company calculates its average balances based upon weekly amounts except where weekly balances are unavailable, month-end
balances are used.
(2) Deposits are primarily located in U.S. offices.
Ratios.
2010 2009 Fiscal 2008
One Month Ended
December 31, 2008
Net income to average assets .............................. 0.6% 0.2% 0.2% N/M
Return on common equity(1) .............................. 8.5% N/M 4.5% N/M
Return on total equity(2) .................................. 9.0% 2.8% 4.6% N/M
Dividend payout ratio(3) .................................. 7.6% N/M 77.7% N/M
Total average common equity to average assets ................ 5.1% 4.6% 3.3% 4.6%
Total average equity to average assets ....................... 6.3% 6.5% 3.7% 7.5%
N/M—Not meaningful.
(1) Based on net income applicable to common shareholders as a percentage of average common equity.
(2) Based on net income as a percentage of average total equity.
(3) Dividends declared per common share as a percentage of net income per diluted share.
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