SunTrust 2005 Annual Report Download - page 57
Download and view the complete annual report
Please find page 57 of the 2005 SunTrust annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
 |
 |
SUNTRUST ANNUAL REPORT 55
TABLE • Share Repurchases in
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
purchased per share plans or programs plans or programs
January - , . , ,,
February - , . , ,,
March - , . , ,,
April - — — — ,,
May - — — — ,,
June - — — — ,,
July - — — — ,,
August - , . , ,,
September - ,, . ,, ,,
October - — — — ,,
November - — — — ,,
December - — — — ,,
Total ,, . ,,
In addition to these repurchases, pursuant to SunTrust’s employee stock option plans, 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 pub-
licly announced share repurchase programs. For the year ended December , , the following shares of SunTrust common stock were surrendered by participants in SunTrust’s employee stock option plans: January
– , shares at an average price per share of .; February – , shares at an average price per share of .; March – , shares at an average price per share of .; April – ,
shares at an average price per share of .; May – , shares at an average price per share of .; June – , share at an average price per share of .; July – , shares at an average
price per share of .; October – , shares at an average price per share of .; November – , shares at an average price per share of .; December – , shares at an average price
per share of .. There were no shares of common stock surrendered by participants in the Company’s employee stock option plans in August or September .
On November , , the Board of Directors authorized the purchase of million shares of SunTrust common stock in addition to , shares which were remaining from a June , 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.
TABLE • Funds Purchased And Securities Sold Under Agreements To Repurchase
Maximum
Outstanding
As of December Daily Average at Any
(Dollars in millions) Balance Rate Balance Rate Month-end
,. .% ,. .% ,.
,. . ,. . ,.
,. . ,. . ,.
Consists 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 current market
rates. Rates on fixed maturity borrowings are set at the time of borrowings.
TABLE • Maturity of Consumer Time and Other Time Deposits in Amounts of , or More
As of December ,
Consumer Brokered Foreign Other
(Dollars in millions) Time Time Time Time Total
Months to maturity:
or less ,. ,. ,. . ,.
Over through ,. ,. — — ,.
Over through ,. ,. — — ,.
Over ,. ,. — — ,.
Total ,. ,. ,. . ,.