Ally Bank 2012 Annual Report Download - page 154
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152
14. Deposit Liabilities
Deposit liabilities consisted of the following.
December 31, ($ in millions)2012 2011
Domestic deposits
Noninterest-bearing deposits $ 1,977 $ 2,029
Interest-bearing deposits
Savings and money market checking accounts 13,871 9,035
Certificates of deposit 31,084 28,540
Dealer deposits 983 1,769
Total domestic deposit liabilities 47,915 41,373
Foreign deposits
Interest-bearing deposits
Savings and money market checking accounts —1,408
Certificates of deposit —1,958
Dealer deposits —311
Total foreign deposit liabilities —3,677
Total deposit liabilities $ 47,915 $ 45,050
Noninterest-bearing deposits primarily represent third-party escrows associated with our mortgage loan-servicing portfolio. The escrow
deposits are not subject to an executed agreement and can be withdrawn without penalty at any time. At December 31, 2012, and
December 31, 2011, certificates of deposit included $12.0 billion and $10.0 billion, respectively, of domestic certificates of deposit in
denominations of $100 thousand or more.
The following table presents the scheduled maturity of total certificates of deposit.
Year ended December 31, ($ in millions)
2013 $ 15,688
2014 6,133
2015 4,336
2016 3,545
2017 1,382
Total certificates of deposit $ 31,084
15. Short-term Borrowings
The following table presents the composition of our short-term borrowings portfolio.
2012 2011
December 31, ($ in millions) Unsecured Secured (a) Total Unsecured Secured (a) Total
Demand notes $ 3,094 $ — $ 3,094 $ 2,756 $ — $ 2,756
Bank loans and overdrafts 167 — 167 1,613 — 1,613
Federal Home Loan Bank — 3,800 3,800 — 1,400 1,400
Other (b) — 400 400 146 1,765 1,911
Total short-term borrowings $ 3,261 $ 4,200 $ 7,461 $ 4,515 $ 3,165 $ 7,680
Weighted average interest rate (c) 1.0% 3.6%
(a) Refer to Note 16 for further details on assets restricted as collateral for payment of the related debt.
(b) Other primarily includes nonbank secured borrowings at our Commercial Finance Group at December 31, 2012 and Automotive Finance operations at
December 31, 2011.
(c) Based on the debt outstanding and the interest rate at December 31 of each year.
Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K