Wells Fargo 2007 Annual Report Download - page 100

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97
(in millions) December 31, 2007
Three months or less $10,120
After three months through six months 4,812
After six months through twelve months 1,085
After twelve months 873
Total $16,890
The total of time certificates of deposit and other time
deposits issued by domestic offices was $46,351 million
and $51,188 million at December 31, 2007 and 2006,
respectively. Substantially all of these deposits were interest
bearing. The contractual maturities of these deposits follow.
Note 12: Deposits
Of these deposits, the amount of time deposits with
a denomination of $100,000 or more was $16,890 million
and $26,522 million at December 31, 2007 and 2006,
respectively. The contractual maturities of these
deposits follow.
(in millions) December 31, 2007
2008 $41,364
2009 2,394
2010 1,045
2011 735
2012 470
Thereafter 343
Total $46,351
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 $54,549 million and $26,200 million at December 31, 2007
and 2006, respectively.
Demand deposit overdrafts of $845 million and $673 million
were included as loan balances at December 31, 2007 and
2006, respectively.
The table below shows selected information for short-term borrowings, which generally mature in less than 30 days.
Note 13: Short-Term Borrowings
(in millions) 2007 2006 2005
Amount Rate Amount Rate Amount Rate
As of December 31,
Commercial paper and other short-term borrowings $30,427 4.45% $ 1,122 4.06% $ 3,958 3.80%
Federal funds purchased and securities sold under
agreements to repurchase 22,828 2.94 11,707 4.88 19,934 3.99
Total $53,255 3.80 $12,829 4.81 $23,892 3.96
Year ended December 31,
Average daily balance
Commercial paper and other short-term borrowings $ 8,765 4.96% $ 7,701 4.61% $ 9,548 3.09%
Federal funds purchased and securities sold under
agreements to repurchase 17,089 4.74 13,770 4.62 14,526 3.09
Total $25,854 4.81 $21,471 4.62 $24,074 3.09
Maximum month-end balance
Commercial paper and other short-term borrowings (1) $30,427
N/A
$14,580 N/A $15,075 N/A
Federal funds purchased and securities sold under
agreements to repurchase (2) 23,527
N/A
16,910 N/A 22,315 N/A
N/A – Not applicable.
(1) Highest month-end balance in each of the last three years was in December 2007, February 2006 and January 2005.
(2) Highest month-end balance in each of the last three years was in September 2007, May 2006 and August 2005.