Fifth Third Bank 2003 Annual Report Download - page 71

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Management’s Discussion and Analysis of
Financial Condition and Results of Operations
FIFTH THIRD BANCORP AND SUBSIDIARIES
69
Contractual Obligations and Commitments
As disclosed in the Notes to the Consolidated Financial
Statements, the Bancorp has certain obligations and commitments to
make future payments under contracts. At December 31, 2003, the
aggregate contractual obligations and commitments are:
Table 29–Aggregate Contractual Obligations and
Other Commitments
Payments Due by Period
Contractual Obligations Less than 1-3 4-5 After 5
($ in millions) Total 1 Year Years Years Years
Total Deposits . . . . . . . . . . . $57,095 53,776 2,298 472 549
Long-Term Borrowings . . . . 9,063 668 1,345 3,608 3,442
Short-Term Borrowings . . . . 13,170 13,170———
Annual Rental/Purchase
Commitments Under
Noncancelable
Leases/Contracts . . . . . . . . 341 72 86 69 114
Total . . . . . . . . . . . . . . . . . . $79,669 67,686 3,729 4,149 4,105
Expiration by Period
Other Commitments Less than 1-3 4-5 After 5
($ in millions) Total 1 Year Years Years Years
Letters of Credit. . . . . . . . . . $ 4,908 1,857 1,496 1,358 197
Commitments to
Extend Credit. . . . . . . . . . 25,406 16,478 8,928 — —
Total . . . . . . . . . . . . . . . . . . $30,314 18,335 10,424 1,358 197