The following information is part of the consolidated financial statements as of 31 December 2003, which were audited and issued with an unqualified certificate by KPMG Deutsche Treuhand AG, Wirtschaftprüfungsgesellschaft.

[15] Other Short-term Borrowings

Short-term borrowings are borrowed funds generally with an original maturity of one year or less. Components of other short-term borrowings include:

 
in € m. Dec 31, 2003 Dec 31, 2002
Commercial paper 13,150 4,320
Other 9,140 7,253
Total 22,290 11,573