Huntington National Bank 2010 Annual Report Download - page 98

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The following table reflects deposit composition detail for each of the past five years.
Table 39 — Deposit Composition
2010 2009 2008 2007 2006
At December 31,
(Dollar amounts in millions)
By Type
Demand deposits —
noninterest-bearing . . . . . . . $ 7,217 17% $ 6,907 17% $ 5,477 14% $ 5,138 14% $ 3,616 14%
Demand deposits — interest-
bearing . . . . . . . . . . . . . . . 5,469 13 5,890 15 4,083 11 4,049 11 2,389 10
Money market deposits . . . . . . 13,410 32 9,485 23 5,182 14 6,643 18 5,362 21
Savings and other domestic
deposits . . . . . . . . . . . . . . . 4,643 11 4,652 11 4,930 13 5,282 14 3,101 12
Core certificates of deposit . . . 8,525 20 10,453 26 12,856 34 10,851 29 5,430 22
Total core deposits .......... 39,264 93 37,387 92 32,528 86 31,963 86 19,898 79
Other domestic deposits of
$250,000 or more . . . . . . . . . . 675 2 652 2 1,328 3 1,676 4 1,012 4
Brokered deposits and negotiable
CDs................... 1,532 4 2,098 5 3,354 9 3,377 9 3,346 13
Deposits in foreign offices . . . . . 383 1 357 1 733 2 727 1 792 4
Total deposits ............... $41,854 100% $40,494 100% $37,943 100% $37,743 100% $25,048 100%
Total core deposits:
Commercial . . . . . . . . . . . . . . . $12,476 32% $11,368 30% $ 7,971 25% $ 9,018 28% $ 6,063 30%
Personal . . . . . . . . . . . . . . . . . . 26,788 68 26,019 70 24,557 75 22,945 72 13,835 70
Total core deposits ............ $39,264 100% $37,387 100% $32,528 100% $31,963 100% $19,898 100%
To the extent we are unable to obtain sufficient liquidity through core deposits, we may meet our liquidity
needs through wholesale funding. These sources include other domestic deposits of $250,000 or more,
brokered deposits and negotiable CDs, deposits in foreign offices, short-term borrowings, FHLB advances,
other long-term debt, and subordinated notes. At December 31, 2010, total wholesale funding was $8.4 billion,
an increase from $7.8 billion at December 31, 2009. The $8.4 billion portfolio at December 31, 2010, had a
weighted average maturity of 4.2 years.
The Bank has access to the Federal Reserve Bank’s discount window. These borrowings are secured by
commercial loans and home equity lines-of-credit. The Bank is also a member of the FHLB, and as such, has
access to advances from this facility. These advances are generally secured by residential mortgages, other
mortgage-related loans, and available-for-sale securities. Information regarding amounts pledged, for the ability
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