Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 958

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 958
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-cost Treasury deposits and lower commercial balances, largely offset by growth in Private Bank deposits.

Table 20: Uninsured and Insured/Secured Deposits(dollars in millions)December 31, 2024December 31, 2023Total deposits$174,776 $177,342 Estimated uninsured deposits(1)76,764 73,584 Less: Uninsured affiliate deposits eliminated in consolidation12,705 14,650 Less: Preferred deposits(1)(2)6,902 7,486 CFG adjusted estimated uninsured deposits, excluding preferred deposits57,157 51,448 Total estimated insured/secured deposits$117,619 $125,894 Insured/secured deposits to total deposits67 %71 %

(1) As reported on CBNA’s Call Report.

(2) Represents uninsured deposits of states and political subdivisions that are secured or collateralized as required under state law. 

Citizens Financial Group, Inc. | 55

Table 21: Time Deposits in Excess of the FDIC Insurance Limit by Remaining Maturity(dollars in millions)December 31, 2024Three months or less$1,499 After three months through six months936 After six months through twelve months597 After twelve months 19 Total time deposits(1)$3,051 

(1) Includes time deposits per account in excess of $250,000.

Borrowed Funds

Total borrowed funds of $12.4 billion as of December 31, 2024 decreased $1.6 billion compared to December 31, 2023, driven by a decline of approximately $4.2 billion in FHLB advances, partially offset by the issuance of senior debt and secured borrowings collateralized by loans. For more information regarding our borrowed funds, see “Liquidity” and Note 13.

CAPITAL AND REGULATORY MATTERS

As a BHC and FHC, we are subject to regulation and supervision by the FRB. Our banking subsidiary, CBNA, is a national banking association primarily regulated by the OCC. Our regulation and supervision continues to evolve as the legal and regulatory frameworks governing our operations continue to change. See the “Regulation and Supervision” section in Item 1 for more information.

Capital Adequacy Process

Our assessment of capital adequacy begins with our Board-approved risk appetite and risk management framework. This framework provides for the identification, measurement and management of material risks