Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 572

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 572
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 months to twelve months263 359 Over twelve months24 32 Total$2,462 $2,526 

The aggregate amount of domestic certificates of deposit that meet or exceed the current FDIC insurance limit of $250,000 was $1.4 billion and $1.3 billion at December 31, 2024 and 2023, respectively. All foreign office time deposits were in denominations of $250,000 or more and totaled $32 million and $13 million at December 31, 2024 and 2023, respectively.

NOTE 11 - SHORT-TERM BORROWINGS

Federal funds purchased generally mature within one to four days from the transaction date. Other short-term borrowings, which may consist of borrowed securities and short-term notes, generally mature within one to 120 days from the transaction date. At December 31, 2024, there were no short-term borrowings outstanding. At December 31, 2023, other short-term borrowings totaled $3.6 billion and primarily consisted of advances from the FHLB of Dallas, Texas. At December 31, 2024, the Bank had pledged loans totaling $20.3 billion to the FRB, which provided for up to $16.8 billion of collateralized borrowing through the discount window. 

F-77

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

The following table provides a summary of short-term borrowings.(dollar amounts in millions)Federal Funds PurchasedOtherShort-termBorrowingsDecember 31, 2024Amount outstanding at year-end$— $— Weighted average interest rate at year-end— %— %Maximum month-end balance during the year$37 $3,550 Average balance outstanding during the year8 829 Weighted average interest rate during the year5.28 %5.74 %December 31, 2023Amount outstanding at year-end$15 $3,550 Weighted average interest rate at year-end5.30 %5.74 %Maximum month-end balance during the year$19 $11,000 Average balance outstanding during the year29 7,189 Weighted average interest rate during the year4.77 %5.41 %December 31, 2022Amount outstanding at year-end$11 $3,200