SunTrust 2008 Annual Report Download - page 93

Table 24 – Share Repurchases in 2008
Common Stock Series A Preferred Stock Depositary Shares1
Total
number of
shares
purchased2
Average
price
paid per
share
Number of
shares
purchased as
part of
publicly
announced
plans or
programs
Maximum
number of
shares that
may yet be
purchased
under the
plans or
programs3
Total
number of
shares
purchased
Average
price
paid per
share
Number of
shares
purchased as
part of
publicly
announced
plans or
programs
Maximum
number of
shares that
may yet be
purchased
under the plans
or programs
January 1-31 1,952 $60.68 - 30,000,000 - - - -
February 1-29 12,357 63.49 - 30,000,000 - - - -
March 1-31 2,255 57.74 - 30,000,000 - - - -
Total first quarter 2008 16,564 $62.38 - - - - -
April 1-30 1,657 $57.41 - 30,000,000 - - - -
May 1-31 613 58.70 - 30,000,000 - - - -
June 1-30 - - - 30,000,000 - - - -
Total second quarter 2008 2,270 $57.76 - - - - -
July 1-31 - - - 30,000,000 - - - -
August 1-31 - - - 30,000,000 - - - -
September 1-30 - - - 30,000,000 - - - -
Total third quarter 2008 - - - - - - -
October 1-31 - - - 30,000,000 - - - -
November 1-30 - - - 30,000,000 - - - -
December 1-31 - - - 30,000,000 - - - -
Total fourth quarter 2008 - - - - - - -
Total year-to-date 2008 18,834 $61.82 - - - - -
1On September 12, 2006, SunTrust issued and registered under Section 12(b) of the Exchange Act 20 million Depositary Shares, each representing a 1/4,000th interest in a share of Perpetual
Preferred Stock, Series A.
2This figure includes shares repurchased pursuant to SunTrust’s employee stock option plans, pursuant to which participants may pay the exercise price upon exercise of SunTrust stock options
by surrendering shares of SunTrust common stock which the participant already owns. SunTrust considers shares so surrendered by participants in SunTrust’s employee stock option plans to be
repurchased pursuant to the authority and terms of the applicable stock option plan rather than pursuant to publicly announced share repurchase programs. For the twelve months ended
December 31, 2008, the following shares of SunTrust common stock were surrendered by participants in SunTrust’s employee stock option plans: 1,952 shares in January 2008 at an average
price per share of $60.68; 12,357 shares in February 2008 at an average price per share of $63.49; 2,255 shares in March 2008 at an average price per share of $57.74; 1,657 shares in April 2008
at an average price per share of $57.41; 613 shares in May 2008 at an average price per share of $58.70; and zero shares in June, July, August, September, October, November and December
2008.
3On August 14, 2007, the Board of Directors authorized the Company to repurchase up to 30 million shares of common stock and specified that such authorization replaced (terminated) existing
unused authorizations.
Table 25 – Funds Purchased and Securities Sold Under Agreements to Repurchase1
As of December 31 Daily Average
Maximum
Outstanding
at Any
Month-end(Dollars in millions) Balance Rate Balance Rate
2008 $4,313.4 0.22 % $7,583.1 1.72 % $11,820.4
2007 9,179.5 3.69 9,398.7 4.68 13,285.1
2006 11,818.0 4.90 11,526.5 4.71 13,980.7
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 current market rates. Rates on fixed maturity borrowings are set at the time of borrowings.
Table 26 – Maturity of Consumer Time and Other Time Deposits in Amounts of $100,000 or More
At December 31, 2008
(Dollars in millions)
Consumer
Time
Brokered
Time
Foreign
Time
Other
Time Total
Months to maturity:
3 or less $2,500.3 $1,420.5 $385.5 $105.0 $4,411.3
Over 3 through 6 2,405.1 2,587.9 - - 4,993.0
Over 6 through 12 5,285.1 1,064.6 - - 6,349.7
Over 12 2,808.8 2,594.1 - - 5,402.9
Total $12,999.3 $7,667.1 $385.5 $105.0 $21,156.9
81