Comerica 2008 Annual Report Download - page 34

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BALANCE SHEET AND CAPITAL FUNDS ANALYSIS
Total assets were $67.5 billion at December 31, 2008, an increase of $5.2 billion from $62.3 billion at
December 31, 2007. On an average basis, total assets increased $6.6 billion to $65.2 billion in 2008, from
$58.6 billion in 2007, resulting primarily from a $5.7 billion increase in average earning assets, largely investment
securities available-for-sale ($3.7 billion) and loans ($1.9 billion). Also, on an average basis, medium- and
long-term debt increased $4.3 billion, short-term borrowings increased $1.7 billion, and interest-bearing
deposits increased $733 million in 2008, compared to 2007.
TABLE 4: ANALYSIS OF INVESTMENT SECURITIES AND LOANS
December 31
2008 2007 2006 2005 2004
(in millions)
Investment securities available-for-sale:
U.S. Treasury and other Government agency
securities ............................. $79$ 36 $ 46 $ 124 $ 192
Government-sponsored enterprise securities ...... 7,861 6,165 3,497 3,954 3,564
State and municipal auction-rate securities ....... 64 ————
Other state and municipal securities ............ 23447
Other auction-rate securities ................. 1,083 ————
Other securities .......................... 112 92 115 158 180
Total investment securities available-for-sale ..... $ 9,201 $ 6,296 $ 3,662 $ 4,240 $ 3,943
Commercial loans .......................... $27,999 $28,223 $26,265 $23,545 $22,039
Real estate construction loans:
Commercial Real Estate business line ........... 3,831 4,089 3,449 2,831 2,461
Other business lines ....................... 646 727 754 651 592
Total real estate construction loans ........... 4,477 4,816 4,203 3,482 3,053
Commercial mortgage loans:
Commercial Real Estate business line ........... 1,619 1,377 1,534 1,450 1,556
Other business lines ....................... 8,870 8,671 8,125 7,417 6,680
Total commercial mortgage loans ............ 10,489 10,048 9,659 8,867 8,236
Residential mortgage loans .................... 1,852 1,915 1,677 1,485 1,294
Consumer loans:
Home equity ............................ 1,781 1,616 1,591 1,775 1,837
Other consumer .......................... 811 848 832 922 914
Total consumer loans .................... 2,592 2,464 2,423 2,697 2,751
Lease financing ............................ 1,343 1,351 1,353 1,295 1,265
International loans:
Government and official institutions ............ ———34
Banks and other financial institutions ........... 727 47 46 11
Commercial and industrial .................. 1,746 1,899 1,804 1,827 2,190
Total international loans .................. 1,753 1,926 1,851 1,876 2,205
Total loans ............................ $50,505 $50,743 $47,431 $43,247 $40,843
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