BB&T 2013 Annual Report Download - page 115
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115
Commercial Mortgage Banking Activities
CRE mortgage loans serviced for others are not included in loans and leases on the accompanying Consolidated Balance
Sheets. The following table summarizes commercial mortgage banking activities for the periods presented:
December 31,
2013 2012
(Dollars in millions)
UPB of CRE mortgages serviced for others $ 28,095 $ 29,520
CRE mortgages serviced for others covered by recourse provisions 4,594 4,970
Maximum recourse exposure from CRE mortgages
sold with recourse liability 1,320 1,368
Recorded reserves related to recourse exposure 9 13
Originated CRE mortgages during the period - year to date 4,881 4,934
NOTE 7. Short-Term Borrowings
Short-term borrowings are summarized as follows:
December 31,
2013 2012
(Dollars in millions)
Federal funds purchased $ 1,443 $ 4
Securities sold under agreements to repurchase 463 514
Master notes 24 37
Other short-term borrowed funds 2,208 2,309
Total $ 4,138 $ 2,864
A summary of selected data related to short-term borrowings follows:
As Of / For The Years Ended December 31,
2013 2012 2011
(Dollars in millions)
Maximum outstanding at any month-end during the year $ 5,196 $ 4,385 $ 10,473
Balance outstanding at end of year 4,138 2,864 3,566
Average outstanding during the year 4,459 3,408 5,189
Average interest rate during the year (includes derivative impact) 0.13 % 0.20 % 0.21 %
Average interest rate at end of year 0.12 0.22 0.20
NOTE 8. Deposits
A summary of deposits is presented in the accompanying table:
December 31,
2013 2012
(Dollars in millions)
N
oninteres
t
-bearing deposits $ 34,972 $ 32,452
Interest checking 18,861 21,091
Money market and savings 48,687 47,908
Certificates and other time deposits 24,955 31,624
Total deposits $ 127,475 $ 133,075
Time deposits $100,000 and greater $ 14,173 $ 19,328