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Table 4: Average Earning Assets and Funding Sources as a Percentage of Average Earning Assets
Year ended December 31,
2010
2009
% of
% of
Average
earning
Average
earning
(in millions) balance
assets
balance
assets
Earning assets
Federal funds sold, securities purchased under
resale agreements and other short-term investments $ 62,961
6
%
$ 26,869
2
%
Trading assets 29,920
3
21,092
2
Debt securities available for sale:
Securities of U.S. Treasury and federal agencies
1,926
-
2,480
-
Securities of U.S. states and political subdivisions 16,392
2
12,702
1
Mortgage-backed securities:
Federal agencies 75,875
7
87,197
8
Residential and commercial 33,191
3
41,618
4
Total mortgage-backed securities 109,066
10
128,815
12
Other debt securities (1) 34,752
3
32,011
3
Total debt securities available for sale (1) 162,136
15
176,008
16
Mortgages held for sale (2) 36,716
3
37,416
3
Loans held for sale (2) 3,773
-
6,293
1
Loans:
Commercial:
Commercial and industrial 149,576
14
180,924
16
Real estate mortgage 98,497
9
96,273
9
Real estate construction 31,286
3
40,885
4
Lease financing 13,451
1
14,751
1
Foreign 29,726
3
30,661
3
Total commercial 322,536
30
363,494
33
Consumer:
Real estate 1-4 family first mortgage 235,568
22
238,359
22
Real estate 1-4 family junior lien mortgage 101,537
10
106,957
10
Credit card 22,375
2
23,357
2
Other revolving credit and installment 88,585
8
90,666
8
Total consumer 448,065
42
459,339
42
Total loans (2) 770,601
72
822,833
75
Other 5,849
1
6,113
1
Total earning assets $ 1,071,956
100
%
$ 1,096,624
100
%
Funding sources
Deposits:
Interest-bearing checking $ 60,941
6
%
$ 70,179
6
%
Market rate and other savings 416,877
39
351,892
32
Savings certificates 87,133
8
140,197
13
Other time deposits 14,654
1
20,459
2
Deposits in foreign offices 55,097
5
53,166
5
Total interest-bearing deposits 634,702
59
635,893
58
Short-term borrowings 46,824
4
51,972
5
Long-term debt 185,426
18
231,801
21
Other liabilities 6,863
1
4,904
-
Total interest-bearing liabilities 873,815
82
924,570
84
Portion of noninterest-bearing funding sources 198,141
18
172,054
16
Total funding sources $ 1,071,956
100
%
$ 1,096,624
100
%
Noninterest-earning assets
Cash and due from banks $ 17,618
19,218
Goodwill 24,824
23,997
Other 112,540
122,515
Total noninterest-earning assets $ 154,982
165,730
Noninterest-bearing funding sources
Deposits $ 183,008
171,712
Other liabilities 47,877
48,193
Total equity 122,238
117,879
Noninterest-bearing funding sources used to fund earning assets (198,141)
(172,054)
Net noninterest-bearing funding sources $ 154,982
165,730
Total assets $ 1,226,938
1,262,354
(1) Includes certain preferred securities.
(2) Nonaccrual loans are included in their respective loan categories.
41