commercial paper program. TCF National Bank’s ability to pay div- idends or make other capital distributions to TCF is restricted by regulation and may require regulatory approval. Undistributed earn- ings and profits at December 31, 2002 includes approximately $134.4 million for which no provision for federal income tax has been made. This amount represents earnings appropriated to bad debt reserves and deducted for federal income tax purposes, and is generally not available for payment of cash dividends or other distributions to shareholders without incurring an income tax liability based on the amount of earnings removed and current tax rates.  Deposits Checking, savings and money market deposits are an important source of low cost funds and fee income for TCF. Deposits totaled $7.7 billion at December 31, 2002, up $611 million from December 31, 2001. The increase in deposits is net of the impact of the previously noted branch sale with $17.1 million of deposits during 2002. Lower interest-cost checking, savings and money mar- ket deposits totaled $5.8 billion, up $1 billion from December 31, 2001, and comprised 75.1% of total deposits at December 31, 2002, compared with 67.3% of total deposits at December 31, 2001. The average balance of these deposits for 2002 was $5.3 billion, an increase of $997.8 million over the $4.3 billion average balance for 2001. Higher interest-cost certificates of deposit decreased $401.5 million from December 31, 2001 as a result of TCF’s disciplined pricing and availability of other lower-cost funding sources. TCF’s weighted-average rate for deposits, including non-interest-bearing deposits, was 1.02% at December 31, 2002, down from 1.49% at December 31, 2001. Supermarket Banking As previously noted, TCF continued to expand its supermarket banking franchise by opening 15 new branches during 2002. TCF now has 244 supermarket branches, up from 234 such branches a year ago. Supermarket banking con- tinues to play an important role in TCF’s growth, as these branches have been consistent generators of account growth in both deposit and lending products. During the past year, the number of deposit accounts in TCF’s supermarket branches increased 8.9% to over 806,000 accounts and the balances increased 25.1% to $1.5 bil- lion. The average rate on these deposits decreased from 1.23% at December 31, 2001 to .90% at December 31, 2002. Additional information regarding TCF’s supermarket branches is displayed in the table below: At December 31, (Dollars in thousands) 2002 2001 2000 1999 1998 Number of branches . . . . . . . . . . . . . . . . . . . . . . . . 244 234 213 195 160 Number of deposit accounts . . . . . . . . . . . . . . . . . . 806,276 740,457 646,084 551,536 406,146 Deposits: Checking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 694,472 $ 591,000  $ 475,162  $ 354,074  $ 272,194  Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 492,278 211,190 135,000 120,876 96,496 Money market . . . . . . . . . . . . . . . . . . . . . . . . . . 107,848 130,758 108,557 60,169 55,070 Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,294,598 932,948 718,719 535,119 423,760 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223,073 279,777 354,891 290,579 194,456 Total deposits . . . . . . . . . . . . . . . . . . . . . . . . $1,517,671 $1,212,725  $1,073,610  $ 825,698 $ 618,216  Average rate on deposits . . . . . . . . . . . . . . . . . . . . . .90% 1.23% 2.73% 2.24% 2.16% Total fees and other revenue for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 160,204 $ 136,709  $ 112,043 $ 86,665 $ 53,482 Consumer loans outstanding . . . . . . . . . . . . . . . . . . $ 369,393 $ 305,081  $ 233,393 $ 192,931 $ 108,213 Borrowings Borrowings totaled $3.1 billion at December 31, 2002, up $87.3 million from year-end 2001. The increase was pri- marily due to increases in consumer loans, commercial loans, leas- ing and equipment finance and securities available for sale in excess of the increase in deposits and a decrease in residential real estate loans which increases reliance on borrowings. See Notes 12 and 13 of Notes to Consolidated Financial Statements for detailed infor- mation on TCF’s borrowings. Included in long-term borrowings at December 31, 2002 are $1.1 billion of fixed-rate FHLB advances and reverse repurchase agreements which are callable at par on certain anniversary dates and, for most, quarterly thereafter until maturity. If called, replacement funding will be provided by the counterpar- ties at the then-prevailing market rate of interest for the remaining term-to-maturity of the advances, subject to standard terms and con- ditions. The weighted-average rate on borrowings decreased to 4.43% at December 31, 2002, from 4.85% at December 31, 2001. At December 31, 2002, borrowings with a maturity of one year or less totaled $977.1 million. TCF does not utilize unconsolidated subsidiaries or special  purpose entities to provide off-balance-sheet borrowings. See Note 20 of Notes to Consolidated Financial Statements for information relating to off-balance-sheet instruments. page 39