Wells Fargo 2009 Annual Report Download - page 139
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Note 12: Short-Term Borrowings
2009 2008 2007
(in millions) Amount Rate Amount Rate Amount Rate
As of December 31,
Commercial paper and other short-term borrowings $12,950 0.39% $ 45,871 0.93% $30,427 4.45%
Federal funds purchased and securities sold
under agreements to repurchase 26,016 0.08 62,203 1.12 22,828 2.94
Total $38,966 0.18 $108,074 1.04 $53,255 3.80
Year ended December 31,
Average daily balance
Commercial paper and other short-term borrowings $27,793 0.43 $ 43,792 2.43 $ 8,765 4.96
Federal funds purchased and securities sold
under agreements to repurchase 24,179 0.46 22,034 1.88 17,089 4.74
Total $51,972 0.44 $65,826 2.25 $25,854 4.81
Maximum month-end balance
Commercial paper and other short-term borrowings (1) $62,871 N/A $ 76,009 N/A $30,427 N/A
Federal funds purchased and securities sold
under agreements to repurchase (2) 30,608 N/A 62,203 N/A 23,527 N/A
N/A – Not applicable.
(1) Highest month-end balance in each of the last three years was February 2009, August 2008 and December 2007.
(2) Highest month-end balance in each of the last three years was February 2009, December 2008 and September 2007.
(in millions) December 31, 2009
Three months or less $10,146
After three months through six months 5,092
After six months through twelve months 8,592
After twelve months 19,907
Total $43,737
Time certificates of deposit (CDs) and other time deposits
issued by domestic offices totaled $117.0 billion and
$210.5 billion at December 31, 2009 and 2008, respectively.
Substantially all of these deposits were interest bearing.
The contractual maturities of these deposits follow.
Note 11: Deposits
Of these deposits, the amount of time deposits with
a denomination of $100,000 or more was $43.7 billion and
$90.1 billion at December 31, 2009 and 2008, respectively.
The contractual maturities of these deposits follow.
(in millions) December 31, 2009
2010 $ 66,162
2011 20,617
2012 9,635
2013 15,354
2014 2,225
Thereafter 3,006
Total $116,999
Time CDs 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
$60.0 billion and $40.9 billion at December 31, 2009 and
2008, respectively.
Demand deposit overdrafts of $667 million and $1.1 billion
were included as loan balances at December 31, 2009 and
2008, respectively.
The table below shows selected information for short-term
borrowings, which generally mature in less than 30 days.
At December 31, 2009, we had $500 million available in
lines of credit. These financing arrangements require the
maintenance of compensating balances or payment of fees,
which were not material.