Wells Fargo 2010 Annual Report Download - page 164

The table below shows selected information for short-term
borrowings, which generally mature in less than 30 days.
Note 12: Short-Term Borrowings
2010 2009 2008
(in millions) Amount Rate Amount Rate Amount Rate
As of December 31,
Commercial paper and other short-term borrowings $ 17,454 0.26 % $ 12,950 0.39 % $ 45,871 0.93 %
Federal funds purchased and securities sold
under agreements to repurchase 37,947 0.15 26,016 0.08 62,203 1.12
Total $ 55,401 0.19 $ 38,966 0.18 $ 108,074 1.04
Year ended December 31,
Average daily balance
Commercial paper and other short-term borrowings $ 16,330 0.31 $ 27,793 0.43 $ 43,792 2.43
Federal funds purchased and securities sold
under agreements to repurchase 30,494 0.18 24,179 0.46 22,034 1.88
Total $ 46,824 0.22 $ 51,972 0.44 $ 65,826 2.25
Maximum month-end balance
Commercial paper and other short-term borrowings (1) $ 17,646 N/A $ 62,871 N/A $ 76,009 N/A
Federal funds purchased and securities sold
under agreements to repurchase (2) 37,947 N/A 30,608 N/A 62,203 N/A
N/A- Not Applicable
(1) Highest month-end balance in each of the last three years was March 2010, February 2009 and August 2008.
(2) Highest month-end balance in each of the last three years was December 2010, February 2009 and December 2008.
We pledge certain financial instruments that we own to
collateralize repurchase agreements and other securities
financings. The types of collateral we pledge include securities
issued by federal agencies, GSEs, and domestic and foreign
companies. We pledged $27.3 billion and $14.8 billion at
December 31, 2010 and 2009, respectively, under agreements
that permit the secured parties to sell or repledge the collateral.
Pledged collateral where the secured party cannot sell or
repledge was $5.9 billion and $434 million at December 31, 2010
and 2009, respectively.
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