Barclays 2007 Annual Report Download - page 61

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Business review
Financial review
Deposits and short-term borrowings
Barclays PLC Annual Report 2007 59
Deposits
Deposits include deposits from banks and customers accounts.
Average: year ended 31st December
2007 2006 2005
£m £m £m
Deposits from banks
Customers in the United Kingdom 15,321 12,832 9,703
Customers outside the
United Kingdom:
Other European Union 33,162 30,116 29,092
United States 6,656 7,352 8,670
Africa 4,452 4,140 3,236
Rest of the World 36,626 35,013 39,060
Total deposits from banks 96,217 89,453 89,761
Customer accounts
Customers in the United Kingdom 187,249 173,767 155,252
Customers outside the
United Kingdom:
Other European Union 23,696 22,448 20,773
United States 21,908 17,661 15,167
Africa 29,855 23,560 17,169
Rest of the World 23,032 19,992 16,911
Customer accounts 285,740 257,428 225,272
Deposits from banks in offices in the United Kingdom from non-residents
amounted to £45,162m (2006: £41,762m).
Year ended 31st December
2007 2006 2005
£m £m £m
Customer accounts 294,987 256,754 238,684
In offices in the United Kingdom:
Current and Demand accounts
– interest free 33,400 25,650 22,980
Current and Demand accounts
– interest bearing 32,047 31,769 28,416
Savings accounts 70,682 62,745 57,715
Other time deposits – retail 36,123 36,110 35,142
Other time deposits – wholesale 65,726 53,733 42,967
Total repayable in offices
in the United Kingdom 237,978 210,007 187,220
In offices outside
the United Kingdom:
Current and Demand accounts
– interest free 2,990 2,169 2,300
Current and Demand accounts
– interest bearing 11,570 17,626 20,494
Savings accounts 3,917 3,041 3,230
Other time deposits 38,532 23,911 25,440
Total repayable in offices
outside the United Kingdom 57,009 46,747 51,464
Customer accounts deposits in offices in the United Kingdom received
from non-residents amounted to £49,179m (2006: £40,291m).
Short-term borrowings
Short-term borrowings include deposits from banks, commercial paper
and negotiable certificates of deposit.
Deposits from banks
Deposits from banks are taken from a wide range of counterparties
and generally have maturities of less than one year.
2007 2006 2005
£m £m £m
Year-end balance 90,546 79,562 75,127
Average balance 96,217 89,453 89,761
Maximum balance 109,586 97,165 103,397
Average interest rate
during year 4.1% 4.2% 2.6%
Year-end interest rate 4.0% 4.3% 3.6%
Commercial paper
Commercial paper is issued by the Group, mainly in the United States,
generally in denominations of not less than US$100,000, with maturities
of up to 270 days.
2007 2006 2005
£m £m £m
Year-end balance 23,451 26,546 28,275
Average balance 26,229 29,740 22,309
Maximum balance 30,736 31,859 28,598
Average interest rate
during yeara5.4% 4.4% 3.1%
Year-end interest rate 5.2% 5.0% 4.5%
Negotiable certificates of deposit
Negotiable certificates of deposits are issued mainly in the UK and US,
generally in denominations of not less than US$100,000.
2007 2006 2005
£m £m £m
Year-end balance 58,401 52,800 43,109
Average balance 55,394 49,327 45,533
Maximum balance 62,436 60,914 53,456
Average interest rate
during yeara5.1% 5.3% 3.9%
Year-end interest rate 5.0% 5.1% 4.5%
Note
aAverage interest rate during the year for commercial paper and negotiable certificates of
deposit have been restated for 2006 and 2005 to reflect methodology enhancements.