Wells Fargo 2006 Annual Report Download - page 89

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87
(in millions) December 31, 2006
Three months or less $15,289
After three months through six months 6,440
After six months through twelve months 2,943
After twelve months 1,850
Total $26,522
The total of time certificates of deposit and other time
deposits issued by domestic offices was $51,188 million and
$74,023 million at December 31, 2006 and 2005, respectively.
Substantially all of these deposits were interest bearing.
The contractual maturities of these deposits follow.
Note 10: Deposits
Of these deposits, the amount of time deposits with a
denomination of $100,000 or more was $26,522 million
and $56,123 million at December 31, 2006 and 2005,
respectively. The contractual maturities of these
deposits follow.
(in millions) December 31, 2006
2007 $45,054
2008 3,571
2009 1,182
2010 590
2011 535
Thereafter 256
Total $51,188
Time certificates of deposit and other time deposits issued
by foreign offices with a denomination of $100,000 or more
represent a major portion of all of our foreign deposit liabilities
of $26,200 million and $14,621 million at December 31,
2006 and 2005, respectively.
Demand deposit overdrafts of $673 million and $618 million
were included as loan balances at December 31, 2006 and
2005, respectively.
The table below shows selected information for short-term borrowings, which generally mature in less than 30 days.
Note 11: Short-Term Borrowings
(in millions) 2006 2005 2004
Amount Rate Amount Rate Amount Rate
As of December 31,
Commercial paper and other short-term borrowings $ 1,122 4.06% $ 3,958 3.80% $ 6,225 2.40%
Federal funds purchased and securities sold under
agreements to repurchase 11,707 4.88 19,934 3.99 15,737 2.04
Total $12,829 4.81 $23,892 3.96 $21,962 2.14
Year ended December 31,
Average daily balance
Commercial paper and other short-term borrowings $ 7,701 4.61% $ 9,548 3.09% $10,010 1.56%
Federal funds purchased and securities sold under
agreements to repurchase 13,770 4.62 14,526 3.09 16,120 1.22
Total $21,471 4.62 $24,074 3.09 $26,130 1.35
Maximum month-end balance
Commercial paper and other short-term borrowings (1) $14,580 N/A $15,075 N/A $16,492 N/A
Federal funds purchased and securities sold under
agreements to repurchase (2) 16,910 N/A 22,315 N/A 22,117 N/A
N/A – Not applicable.
(1) Highest month-end balance in each of the last three years was in February 2006, January 2005 and July 2004.
(2) Highest month-end balance in each of the last three years was in May 2006, August 2005 and June 2004.