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Deposits
 12 Months Ended
Dec. 31, 2012
Deposits [Abstract]  
Deposits

10.       Deposits.

 

Deposits were as follows:

 

   At December 31, 2012(1) At December 31, 2011(1)
  (dollars in millions)
Savings and demand deposits(2)$ 80,058$ 63,029
Time deposits(3)  3,208  2,633
 Total$ 83,266$ 65,662

 

(1)       Total deposits subject to Federal Deposit Insurance Corporation (the “FDIC”) at December 31, 2012 and December 31, 2011 were $62 billion and $52 billion, respectively.

(2)       Amounts include non-interest bearing deposits of $1,037 million and $1,270 million at December 31, 2012 and December 31, 2011, respectively.

(3)       Certain time deposit accounts are carried at fair value under the fair value option (see Note 4).

 

 

The weighted average interest rates of interest bearing deposits outstanding during 2012, 2011 and 2010 were 0.3%, 0.4% and 0.5%, respectively.

 

At December 31, 2012, interest-bearing deposits maturing over the next five years were as follows (dollars in millions):

Year
2013(1)$ 82,044
2014  185
2015  —
2016  —
2017  —

 

(1)       Amount includes approximately $79 billion of savings deposits, which have no stated maturity, and approximately $3 billion of time deposits.

 

At December 31, 2012 and December 31, 2011, the Company had $1,718 million and $522 million, respectively, of time deposits in denominations of $100,000 or more.