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shift to lower cost core deposits and a decrease in rates on average time deposits of 71 bp compared to 2009. 

Interest expense on wholesale funding decreased 35% compared to the prior year due to a 34% decrease in average balances and a 45 bp decrease in average rates. In 2010, wholesale funding represented 25% of interest-bearing liabilities, down from 35% in 2009. Impacting this change was a decrease of $4.8 billion in average other short term borrowings due to the repayment of Term Auction Facility funds and FHLB advances which had an average balance of $3.7 billion and $1.2 billion, respectively, in 

## TABLE 5: CONSOLIDATED AVERAGE BALANCE SHEETS AND ANALYSIS OF NET INTEREST INCOME 

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(a) The FTE adjustments included in the above table are $18 , $19 and $22 for the years ended December 31, 2010 , 2009 and 2008, respectively. 

2009. In addition, average certificates of deposit over $100,000 decreased $4.3 billion from 2009 due to maturities throughout 2010. The decreased reliance on wholesale funding in 2010 was a result of the growth of core deposits and a decline in average interest earning assets. For more information on the Bancorp’s interest rate risk management, including estimated earnings sensitivity to changes in market interest rates, see the Market Risk Management section of MD&A. 

