BB&T 2011 Annual Report Download - page 120
Download and view the complete annual report
Please find page 120 of the 2011 BB&T annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
 |
 |
Federal funds purchased represent unsecured borrowings from other banks and generally mature daily. Securities sold
under agreements to repurchase are borrowings collateralized primarily by securities of the U.S. government or its
agencies. Master notes are unsecured, non-negotiable obligations of BB&T (variable rate commercial paper) that mature
in 270 days or less. Other short-term borrowed funds include unsecured bank notes that mature in less than one year, bank
obligations with a maturity of seven days that are collateralized by municipal securities, U.S. Treasury tax and loan
deposit notes payable to the U.S. Treasury upon demand.
A summary of selected data related to Federal funds purchased, securities sold under agreements to repurchase and short-
term borrowed funds follows:
As of / For the Years Ended December 31,
2011 2010 2009
(Dollars in millions)
Maximum outstanding at any month-end during the year $ 10,473 $ 11,690 $ 19,917
Balance outstanding at end of year 3,566 5,673 8,106
Average outstanding during the year 5,189 9,022 12,491
Average interest rate during the year (1) 0.21 % 0.24 % 0.46 %
Average interest rate at end of year 0.20 0.46 0.34
(1) Includes the impact of derivative activities.
NOTE 9. Deposits
A summary of BB&T’s deposits is presented in the accompanying table:
December 31,
2011 2010
(Dollars in millions)
Noninterest-bearing deposits $25,684 $ 20,637
Interest checking 20,701 17,908
Money market and savings 44,618 36,964
Certificates and other time deposits 33,899 27,167
Foreign office deposits - interest-bearing 37 4,537
Total deposits $124,939 $ 107,213
Time deposits that are $100,000 and greater totaled $19.8 billion and $10.6 billion at December 31, 2011 and 2010,
respectively.
120