Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 397

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 397
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 of $467 million from $6.2 billion at December 31, 2023. The Corporation uses medium- and long-term debt, which includes medium- and long-term senior notes, subordinated notes and FHLB advances, to provide funding for earning assets, liquidity and regulatory capital.

Average Deposits and Borrowed Funds

(in millions)PercentChangeYears Ended December 3120242023ChangeNoninterest-bearing deposits$25,082 $30,882 $(5,800)(19)%Money market and interest-bearing checking deposits30,203 26,054 4,149 16 Savings deposits2,243 2,774 (531)(19)Customer certificates of deposit3,733 2,708 1,025 38 Other time deposits2,617 3,577 (960)(27)Foreign office time deposits23 23 — — Total deposits$63,901 $66,018 $(2,117)(3)%Short-term borrowings$837 $7,218 $(6,381)(88)Medium- and long-term debt6,882 5,847 1,035 18 Total borrowed funds$7,719 $13,065 $(5,346)n/m

n/m - not meaningful

(in millions)PercentChangeYears Ended December 31,20242023ChangeAverage Deposits By Business Line:General Middle Market$17,259 $16,962 $297 2 %Technology and Life Sciences3,001 3,607 (606)(17)Equity Fund Services904 976 (72)(7)National Dealer Services864 1,022 (158)(15)Environmental Services381 361 20 5 Energy364 574 (210)(37)Entertainment345 268 77 29 Total Middle Market23,118 23,770 (652)(3)Corporate Banking4,067 3,788 279 7 Business Banking3,511 3,569 (58)(2)Commercial Real Estate1,550 1,582 (32)(2)Mortgage Banker Finance18 310 (292)(94)Total Commercial Bank 32,264 33,019 (755)(2)Total Retail Bank 24,292 24,363 (71)— Total Wealth Management 3,894 4,130 (236)(6)