Wells Fargo 2008 Annual Report Download - page 124
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(in millions) December 31, 2008
Three months or less $24,925
After three months through six months 17,599
After six months through twelve months 24,631
After twelve months 22,968
Total $90,123
The total of time certificates of deposit and other time
deposits issued by domestic offices was $210,540 million and
$46,351 million at December 31, 2008 and 2007, 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 $90,123 million and
$16,890 million at December 31, 2008 and 2007, respectively.
The contractual maturities of these deposits follow.
(in millions) December 31, 2008
2009 $160,380
2010 19,468
2011 7,571
2012 4,492
2013 15,436
Thereafter 3,193
Total $210,540 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 $40,941 million and $54,549 million at December 31, 2008
and 2007, respectively.
Demand deposit overdrafts of $1,067 million and
$845 million were included as loan balances at December 31,
2008 and 2007, 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) 2008 2007 2006
Amount Rate Amount Rate Amount Rate
As of December 31,
Commercial paper and other short-term borrowings $ 45,871 0.93% $30,427 4.45% $ 1,122 4.06%
Federal funds purchased and securities sold under
agreements to repurchase 62,203 1.12 22,828 2.94 11,707 4.88
Total $108,074 1.04 $53,255 3.80 $12,829 4.81
Year ended December 31,
Average daily balance
Commercial paper and other short-term borrowings $ 43,792 2.43% $ 8,765 4.96% $ 7,701 4.61%
Federal funds purchased and securities sold under
agreements to repurchase
22,034 1.88
17,089 4.74 13,770 4.62
Total $ 65,826
2.25
$25,854 4.81 $21,471 4.62
Maximum month-end balance
Commercial paper and other short-term borrowings (1) $ 76,009
N/A
$30,427 N/A $14,580 N/A
Federal funds purchased and securities sold under
agreements to repurchase (2)
62,203 N/A
23,527 N/A 16,910 N/A
N/A – Not applicable.
(1) Highest month-end balance in each of the last three years was in August 2008, December 2007 and February 2006.
(2) Highest month-end balance in each of the last three years was in December 2008, September 2007 and May 2006.