SunTrust 2015 Annual Report Download - page 79

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deposits included advancements in analytics that leverage client
segmentation to identify optimal products and solutions, as well
as the deployment of new checking value packages and tools that
enhance client-facing teammates’ focus on providing clients with
personalized options and an exceptional client experience. We
continued to leverage our brand to improve our visibility in the
marketplace and to inspire client loyalty.
Contractual maturities of time deposits in denominations of $100,000 or more at December 31, 2015 are presented in Table 17.
Table 17
(Dollars in millions)
Consumer and
Other Time Brokered Time Foreign Time Total
Remaining Contractual Maturity:
3 months or less $510 $39 $10 $559
Over 3 through 6 months 491 18 — 509
Over 6 through 12 months 707 139 — 846
Over 12 months 2,003 703 — 2,706
Total $3,711 $899 $10 $4,620
Refer to the "Contractual Obligations" section of this MD&A and Note 11, "Borrowings and Contractual Commitments," to the
Consolidated Financial Statements in this Form 10-K for additional information regarding time deposit maturities.
BORROWINGS
Short-Term Borrowings Table 18
December 31, 2015 Year Ended December 31, 2015
Balance Rate
Daily Average Maximum
Outstanding at
any Month-End
(Dollars in millions) Balance Rate
Funds purchased 1$1,949 0.20% $822 0.11% $2,180
Securities sold under agreements to repurchase 11,654 0.36 1,821 0.21 2,064
Other short-term borrowings 1,024 0.20 2,135 0.16 4,426
Total $4,627 $4,778
December 31, 2014 Year Ended December 31, 2014
Balance Rate
Daily Average Maximum
Outstanding at
any Month-End
(Dollars in millions) Balance Rate
Funds purchased 1$1,276 0.06 % $931 0.09 % $1,375
Securities sold under agreements to repurchase 12,276 0.22 2,202 0.14 2,323
Other short-term borrowings 5,634 0.21 6,135 0.23 7,283
Total $9,186 $9,268
December 31, 2013 Year Ended December 31, 2013
Balance Rate
Daily Average Maximum
Outstanding at
any Month-End
(Dollars in millions) Balance Rate
Funds purchased 1$1,192 0.07% $639 0.10% $1,192
Securities sold under agreements to repurchase 11,759 0.10 1,857 0.14 1,911
Other short-term borrowings 5,788 0.22 4,953 0.26 5,868
Total $8,739 $7,449
1 Funds purchased and securities sold under agreements to repurchase 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 the borrowings.
Our total period-end short-term borrowings at December 31,
2015 decreased $4.6 billion, or 50%, from December 31, 2014,
driven by a $4.6 billion reduction in other short-term borrowings
and a $622 million decrease in securities sold under agreements
to repurchase, partially offset by a $673 million increase in funds
purchased. The decrease in other short-term borrowings was
primarily due to a $4.0 billion decline in outstanding FHLB
advances and a $698 million decline in master notes.