Comerica 2010 Annual Report Download - page 117

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
A maturity distribution of domestic certificates of deposit of $100,000 and over follows:
(in millions)
December 31 2010 2009
Three months or less $ 1,109 $ 1,657
Over three months to six months 560 1,142
Over six months to twelve months 928 1,333
Over twelve months 548 536
Total $ 3,145 $ 4,668
All foreign office time deposits of $432 million and $542 million at December 31, 2010 and 2009,
respectively, were in denominations of $100,000 or more.
NOTE 12 - SHORT-TERM BORROWINGS
Federal funds purchased and securities sold under agreements to repurchase generally mature within one
to four days from the transaction date. Other short-term borrowings, which may consist of Federal Reserve Term
Auction Facility borrowings, commercial paper, borrowed securities, term federal funds purchased, short-term
notes and treasury tax and loan deposits, generally mature within one to 120 days from the transaction date. The
following table provides a summary of short-term borrowings.
At December 31, 2010, Comerica Bank (the Bank), a subsidiary of the Corporation, had pledged loans
totaling $18 billion which provided for up to $12 billion of available collateralized borrowing with the FRB.
(dollar amounts in millions)
Federal Funds Purchased
and Securities Sold Under
Agreements to Repurchase
Other
Short-term
Borrowings
December 31, 2010
Amount outstanding at year-end $ 126 $ 4
Weighted average interest rate at year-end 0.12 % 4.95 %
Maximum month-end balance during the year $ 474 $ 16
Average balance outstanding during the year 210 6
Weighted average interest rate during the year 0.11 % 5.31 %
December 31, 2009
Amount outstanding at year-end $ 462 $ -
Weighted average interest rate at year-end 0.03 % - %
Maximum month-end balance during the year $ 655 $ 2,558
Average balance outstanding during the year 467 532
Weighted average interest rate during the year 0.19 % 0.28 %
December 31, 2008
Amount outstanding at year-end $ 696 $ 1,053
Weighted average interest rate at year-end 0.37 % 0.40 %
Maximum month-end balance during the year $ 3,617 $ 3,046
Average balance outstanding during the year 2,105 1,658
Weighted average interest rate during the year 2.20 % 2.43 %
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