Deposits

12 Months Ended

Dec. 31, 2010

Deposits [Abstract]

Deposits

Note 19 – Deposits

At December 31, 2010 and 2009, noninterest-bearing and interest-bearing deposits were as follows.

December 31, (in millions)	2010		2009
U.S. offices
Noninterest-bearing	$	228,555	$	204,003
Interest-bearing:
Demand(a)		33,368		15,964
Savings(b)		334,632		297,949
Time (included $2,733 and $1,463 at fair value at December 31, 2010 and 2009, respectively)(c)		87,237		125,191
Total interest-bearing deposits		455,237		439,104
Total deposits in U.S. offices		683,792		643,107
Non-U.S. offices
Noninterest-bearing		10,917		8,082
Interest-bearing:
Demand		174,417		186,885
Savings		607		661
Time (included $1,636 and $2,992 at fair value at December 31, 2010 and 2009, respectively)(c)		60,636		99,632
Total interest-bearing deposits		235,660		287,178
Total deposits in non-U.S. offices		246,577		295,260
Total deposits	$	930,369	$	938,367

(a) 2010 and 2009 includes Negotiable Order of Withdrawal (“NOW”) accounts. 2010 includes certain trust accounts.

(b) Includes Money Market Deposit Accounts (“MMDAs”).

(c) See Note 4 on pages 187–189 of this Annual Report for further information on structured notes classified as deposits for which the fair value option has been elected.

At December 31, 2010 and 2009, time deposits in denominations of $100,000 or more were as follows.

December 31, (in millions)	2010		2009
U.S.	$	59,653	$	90,552
Non-U.S.		44,544		77,887
Total	$	104,197	$	168,439

At December 31, 2010, the maturities of interest-bearing time deposits were as follows.

December 31, 2010
(in millions)	U.S.		Non-U.S.		Total
2011	$	71,930	$	60,043	$	131,973
2012		7,382		287		7,669
2013		4,281		153		4,434
2014		1,432		22		1,454
2015		2,074		—		2,074
After 5 years		138		131		269
Total	$	87,237	$	60,636	$	147,873

On November 21, 2008, the FDIC released final rules on the FDIC Temporary Liquidity Guarantee Program (the “TLG Program”). One component of this program, the Transaction Account Guarantee Program (the “TAG Program”), provided unlimited deposit insurance through December 31, 2009, on certain noninterest-bearing transaction accounts at FDIC-insured participating institutions. The Firm elected to participate in the TLG Program and, as a result, was required to pay additional insurance premiums to the FDIC in an amount equal to an annualized 10 basis points on balances in noninterest-bearing transaction accounts that exceeded the $250,000 FDIC deposit insurance limits. The expiration date of the program was extended to December 31, 2010, to provide continued support to those institutions most affected by the financial crisis and to enable the program to be phased-out in an orderly manner. Beginning January 1, 2010, the Firm no longer participated in the TAG Program. As a result, funds held in noninterest-bearing transaction accounts after December 31, 2009, were no longer guaranteed in full. Instead, they are insured up to $250,000 under the FDIC’s general deposit rules.