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48
Table 9: Contractual Obligations
(in millions) Note(s) to Less than 1-3 3-5 More than Indeterminate Total
Financial Statements 1 year years years 5 years maturity (1)
Contractual payments by period:
Deposits 10 $80,461 $ 5,785 $ 1,307 $ 231 $226,666 $314,450
Long-term debt (2) 7, 12 11,124 27,704 15,869 24,971 — 79,668
Operating leases 7 514 786 535 898 — 2,733
Purchase obligations (3) 548 244 28 — — 820
Total contractual obligations $92,647 $34,519 $17,739 $26,100 $226,666 $397,671
(1) Represents interest-bearing and noninterest-bearing checking, market rate and other savings accounts.
(2) Includes capital leases of $14 million.
(3) Represents agreements to purchase goods or services.
cycle can vary based on market conditions and the industry
in which the companies operate. We expect that many of
these investments will become public, or otherwise become
liquid, before the balance of unfunded equity commitments
is used. At December 31, 2005, these commitments were
approximately $650 million. Our other investment commit-
ments, principally related to affordable housing, civic and
other community development initiatives, were approximately
$465 million at December 31, 2005.
In the ordinary course of business, we enter into indem-
nification agreements, including underwriting agreements
relating to offers and sales of our securities, acquisition
agreements, and various other business transactions or
arrangements, such as relationships arising from service as
a director or officer of the Company. For more information,
see Note 24 (Guarantees) to Financial Statements.
Contractual Obligations
In addition to the contractual commitments and arrange-
ments described above, which, depending on the nature of
the obligation, may or may not require use of our resources,
we enter into other contractual obligations in the ordinary
course of business, including debt issuances for the funding
of operations and leases for premises and equipment.
Table 9 summarizes these contractual obligations at
December 31, 2005, except obligations for short-term
borrowing arrangements and pension and postretirement
benefit plans. More information on these obligations is in
Note 11 (Short-Term Borrowings) and Note 15 (Employee
Benefits and Other Expenses) to Financial Statements. The
table also excludes other commitments more fully described
under “Off-Balance Sheet Arrangements, Variable Interest
Entities, Guarantees and Other Commitments.”
We enter into derivatives, which create contractual
obligations, as part of our interest rate risk management
process, for our customers or for other trading activities.
See “Asset/Liability and Market Risk Management” in this
report and Note 26 (Derivatives) to Financial Statements for
more information.
Transactions with Related Parties
FAS 57, Related Party Disclosures, requires disclosure of
material related party transactions, other than compensation
arrangements, expense allowances and other similar items in
the ordinary course of business. The Company had no related
party transactions required to be reported under FAS 57 for
the years ended December 31, 2005, 2004 and 2003.