Average Deposits Table 9

				December 31
(In thousands)				2000	1999	1998
Noninterest-bearing demand				$ 4,658,636	$ 4,894,631	$ 4,707,121
Interest-bearing demand and money market				9,376,473	9,269,643	9,201,511
Savings				1,661,398	2,191,546	1,968,461
Time:
	Retail			6,142,485	6,203,375	7,142,064
	Individual retirement accounts			1,411,165	1,541,838	1,581,439
	Other			207,156	76,548	100,425
		Total time		7,760,806	7,821,761	8,823,928
Foreign time				1,087,636	703,421	203,084
Certificates of deposit of $100,000 or more				2,778,184	2,837,027	2,246,605
				$ 27,323,133	$ 27,718,029	$ 27,150,710

Average noninterest-bearing checking deposits were 4.8 percent lower in 2000 as a result of lower balances from commercial and consumer customers. Interest-bearing demand deposits were higher in 2000 primarily due to growth in money market and interest checking products. Through promotions and campaigns throughout the year, AmSouth offered highly competitive interest rates to attract new deposits in these categories.

Average savings deposits declined by 24.2 percent as customers moved their money to higher paying interest checking and money market accounts.

Time deposits were lower in 2000, primarily due to a growing trend by consumers toward uninsured financial products. While AmSouth experienced strong growth in alternative financial products such as annuities and mutual fund sales, as indicated by growth in consumer investment services income during the year, sales of core time deposits declined.

To a lesser extent, a tendency toward more frequent “rate shopping” by consumers as interest rates rose during the year resulted in a highly competitive rate environment for time deposits in 2000.

Certificates of deposit of $100,000 or more and foreign time deposits were higher in 2000 as the result of offers of more attractive rates during the year. These deposits, for the most part, are competitively bid and fluctuate based on the average level of interest rates and management’s determination of the need for such deposits from time to time. Table 10 provides a maturity schedule for domestic time deposits of $100,000 or more at December 31, 2000.

AmSouth expects deposit growth to improve in 2001, provided consumer demand for insured deposit products improves, AmSouth’s strategic initiatives to double the contribution from business banking and aggressively grow consumer banking are successful, and AmSouth is able to offer competitive products and prices in each of its markets.

Maturity of Time Deposits of $100,000 or More Table 10

		December 31
(In thousands)		2000	1999	1998
Three months or less		$ 635,263	$ 1,329,618	$ 1,312,931
Over three through six months		454,478	493,883	550,072
Over six through twelve months		918,331	533,104	666,806
Over twelve months		741,904	603,530	391,098
		$ 2,749,976	$ 2,960,135	$ 2,920,907