Comerica 2012 Annual Report Download - page 127
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
F-93
The following table provides a summary of short-term borrowings.
(dollar amounts in millions)
Federal Funds Purchased
and Securities Sold Under
Agreements to Repurchase
Other
Short-term
Borrowings
December 31, 2012
Amount outstanding at year-end $ 87 $ 23
Weighted average interest rate at year-end 0.11% —%
Maximum month-end balance during the year $ 87 $ 23
Average balance outstanding during the year 76 —
Weighted average interest rate during the year 0.12% —%
December 31, 2011
Amount outstanding at year-end $ 70 $ —
Weighted average interest rate at year-end 0.05 % — %
Maximum month-end balance during the year $ 317 $ 18
Average balance outstanding during the year 137 1
Weighted average interest rate during the year 0.09 % 4.33 %
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 %
NOTE 12 - MEDIUM- AND LONG-TERM DEBT
Medium- and long-term debt is summarized as follows:
(in millions)
December 31 2012 2011
Parent company
Subordinated notes:
4.80% subordinated notes due 2015 $ 330 $ 338
Floating-rate subordinated notes related to trust preferred securities due 2012 —30
Total subordinated notes 330 368
Medium-term notes:
3.00% notes due 2015 299 298
Total parent company 629 666
Subsidiaries
Subordinated notes:
7.375% subordinated notes due 2013 51 53
5.70% subordinated notes due 2014 267 276
5.75% subordinated notes due 2016 694 699
5.20% subordinated notes due 2017 593 595
Floating-rate based on LIBOR index subordinated notes due 2018 26 26
8.375% subordinated notes due 2024 186 189
7.875% subordinated notes due 2026 241 243
Total subordinated notes 2,058 2,081
Medium-term notes:
Floating-rate based on LIBOR indices due 2012 —158
Federal Home Loan Bank advances:
Floating-rate based on LIBOR indices due 2013 to 2014 2,000 2,000
Other notes:
6.0% - 6.4% fixed-rate notes due 2020 33 39
Total subsidiaries 4,091 4,278
Total medium- and long-term debt $ 4,720 $ 4,944