Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 275

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 275
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The following table presents assets and liabilities measured at fair value, including gross derivative assets and liabilities, on a recurring basis at December 31, 2024:(dollars in millions)TotalLevel 1Level 2Level 3Debt securities available for sale:Mortgage-backed securities$29,055 $— $29,055 $— Collateralized loan obligations184 — 184 — State and political subdivisions1 — 1 — U.S. Treasury and other3,525 3,525 — — Total debt securities available for sale32,765 3,525 29,240 — Loans held for sale:Residential loans held for sale633 — 633 — Commercial loans held for sale192 — 192 — Total loans held for sale, at fair value825 — 825 — Mortgage servicing rights1,491 — — 1,491 Derivative assets:Interest rate contracts562 — 562 — Foreign exchange contracts472 — 472 — Commodities contracts429 — 429 — TBA contracts10 — 10 — Other contracts3 — — 3 Total derivative assets1,476 — 1,473 3 Equity securities, at fair value(1)162 162 — — Short-term investments53 40 13 — Total assets$36,772 $3,727 $31,551 $1,494 Derivative liabilities:Interest rate contracts$910 $— $910 $— Foreign exchange contracts411 — 411 — Commodities contracts379 — 379 — TBA contracts8 — 8 — Other contracts2 — — 2 Total derivative liabilities1,710 — 1,708 2 Short-term borrowed funds— — — — Other liabilities101 — 101 — Total liabilities$1,811 $— $1,809 $2 (1) Excludes investments of $58 million included in Other assets in the Consolidated Balance Sheets that are measured at fair value using the net asset value per share (or its equivalent) practical expedient. These investments include capital contributions to private investment funds and have unfunded capital commitments of $24