Goldman Sachs 2009 Annual Report Download - page 166

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Deposits
The following table sets forth a summary of the average balances and average interest rates for the  rm’s interest-bearing deposits
for the years ended December2009, November2008 and November 2007:
Average Balances Average Interest Rates
December November November December November November
($ inmillions) 2009 2008 2007 2009 2008 2007
U.S.:
Savings (1) $23,024 $20,214 $13,096 0.62% 2.82% 5.12%
Time 12,019 1,384 32 1.89 3.40 9.96
Total U.S. deposits 35,043 21,598 13,128 1.06 2.86 5.13
Non-U.S.:
Demand 5,402 4,842 99 0.61 2.83 3.03
Time 631 15 – 1.65 13.00 –
Total Non-U.S. deposits 6,033 4,857 99 0.73 2.86 3.03
Total deposits $41,076 $26,455 $13,227 1.01% 2.86% 5.12%
(1) Amounts are available for withdrawal upon short notice, generally within seven days.
Ratios
The following table sets forth selected  nancial ratios:
Year Ended
December November November
2009 2008 2007
Net earnings to average assets 1.5% 0.2% 1.2%
Return on common shareholders’ equity (1) 22.5 4.9 32.7
Return on total shareholders’ equity (2) 20.4 4.9 30.6
Total average equity to average assets 7. 2 4.1 3.8
(1) Based on net earnings applicable to common shareholders divided by average monthly common shareholders’ equity.
(2) Based on net earnings divided by average monthly total shareholders’ equity.
Short-term and Other Borrowed Funds (1)
The following table sets forth a summary of the  rm’s securities loaned and securities sold under agreements to repurchase and
short-term borrowings as of or for the years ended December2009, November2008 and November 2007 as indicated below:
Securities Loaned and Securities Sold
Under Agreements to Repurchase Commercial Paper Other Funds Borrowed (2) (3)
December November November December November November December November November
($ inmillions) 2009 2008 2007 2009 2008 2007 2009 2008 2007
Amounts outstanding
at year-end $143,567 $ 79,943 $187,802 $1,660 $ 1,125 $4,343 $48,787 $ 72,758 $ 99,624
Average outstanding
during the year 156,794 194,935 214,511 1,002 4,097 5,605 58,129 99,351 89,924
Maximum month-end
outstanding 169,083 256,596 270,991 3,060 12,718 8,846 77,712 109,927 105,845
Weighted average
interest rate
During the year 0.84% 3.80% 5.88% 0.50% 3.54% 4.80% 1.06% 1.73% 3.48%
At year-end 0.26 3.27 5.15 0.37 2.79 4.81 0.76 2.06 3.11
(1) Includes borrowings maturing within one year of the nancial statement date and borrowings that are redeemable at the option of the holder within one year of
the  nancial statement date.
(2) Includes short-term secured  nancings of $12.93billion as of December2009, $21.23billion as of November2008 and $32.41billion as of November 2007.
(3) As of December2009, November2008 and November 2007, weighted average interest rates include the effects of hedging.
Goldman Sachs 2009 Annual Report
164
Supplemental Financial Information