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60 SUNTRUST 2004 ANNUAL REPORT
MANAGEMENT’S DISCUSSION continued
Table 26 / FUNDS PURCHASED AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE1
Maximum
Outstanding
At December 31 Daily Average at Any
(Dollars in millions) Balance Rate Balance Rate Month-End
2004 $ 9,342.8 1.85% $ 9,796.7 1.11% $11,079.4
2003 9,505.2 0.72 11,666.9 0.91 15,089.8
2002 10,402.5 1.01 10,376.2 1.35 12,701.9
1Consists of federal funds purchased and securities sold under agreements to repurchase that mature overnight or at a fixed maturity generally not exceeding three months. Rates on overnight funds reflect cur-
rent market rates. Rates on fixed maturity borrowings are set at the time of borrowings.
Table 25 / SHARE REPURCHASES IN 2004
Number of shares Maximum number of
Total number Average purchased as part of shares that may yet be
of shares price paid publicly announced purchased under the
purchased1per share plans or programs plans or programs2
January 1-31 — $ — — 6,227,796
February 1-29 — — — 6,227,796
March 1-31 200,000 70.32 200,000 6,027,796
April 1-30 — — — 6,027,796
May 1-31 — — — 6,027,796
June 1-30 — — — 6,027,796
July 1-31 — — — 6,027,796
August 1-31 — — — 6,027,796
September 1-30 — — — 6,027,796
October 1-31 143367.81 — 6,027,796
November 1-30 8,268372.05 — 6,027,796
December 1-31 3,924372.77 — 6,027,796
Total 212,335 $70.43 200,000
1In addition to these repurchases, participants may exercise SunTrust stock options by surrendering shares of SunTrust common stock the participants already own as payment of the option exercise price. Shares
so surrendered by participants in SunTrust’s employee stock option plans are repurchased pursuant to the terms of the applicable stock option plan and not pursuant to publicly announced share repurchase pro-
grams. For the year ended December 31, 2004, the following shares of SunTrust common stock were surrendered by participants in SunTrust’s employee stock option plans: January 2004 - 10,697 shares at an
average price per share of $71.54; February 2004 - 8,311 shares at an average price per share of $73.11;March 2004 - 3,230 shares at an average price per share of $71.25;April 2004 - no shares; May 2004 - 1,573
shares at an average price per share of $63.34; June 2004 - 2,354 shares at an average price per share of $64.76; July 2004 - 3,710 shares at an average price per share of $65.36;August 2004 - 3,340 shares at an
average price per share of $67.32; September 2004 - 619 shares at an average price per share of $68.56; October 2004 - 10,253 shares at an average price per share of $68.15; November 2004 - 25,413 shares at
an average price per share of $71.77; December 2004 - 25,093 shares at an average price per share of $72.94.
2On November 12, 2002, the Board of Directors authorized the purchase of 10 million shares of SunTrust common stock in addition to 2,796 shares which were available for repurchase from a June 13, 2001
authorization.There is no expiration date for this authorization.The Company has not determined to terminate the program and no programs expired during the period covered by the table.
3Represent shares purchased in the open market using funds allocated as cash consideration in connection with the NCF acquisition.The purchases were made to satisfy valid elections by NCF shareholders to
acquire SunTrust common stock that were not originally honored as a result of SunTrust error.
Table 27 / MATURITY OF CONSUMER TIME AND OTHER TIME DEPOSITS IN AMOUNTS OF $100,000 OR MORE
At December 31, 2004
(Dollars in millions) Consumer Brokered Foreign Other Total
Months to Maturity
3 or less $1,761.0 $2,063.1 $5,150.6 $ 85.7 $ 9,060.4
Over 3 through 6 870.7 1,448.7 — 48.0 2,367.4
Over 6 through 12 1,387.2 776.9 — 10.0 2,174.1
Over 12 2,336.8 1,812.2 — — 4,149.0
Total $6,355.7 $6,100.9 $5,150.6 $143.7 $17,750.9