Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 87

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 87
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, compared to $66.8 billion at December 31, 2023, reflecting a decrease of $3.4 billion in noninterest-bearing deposits, partially offset by a $473 million increase in interest-bearing deposits. 

Uninsured deposits are defined as the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit and amounts in any other uninsured investment or deposit account that are classified as deposits and are not subject to any federal or state deposit insurance regimes. Total uninsured deposits were $33.4 billion and $31.5 billion at December 31, 2024 and 2023, respectively, as calculated per regulatory guidance. The portion of domestic time deposits in excess of insurance limits was $953 million and $797 million at December 31, 2024 and 2023, respectively. Time deposits otherwise uninsured, which consist of foreign office time deposits that mature in three months or less, totaled $32 million at December 31, 2024, compared to $13 million at December 31, 2023. 

F-15

On a period-end basis, the Corporation had no short-term borrowings at December 31, 2024, compared to $3.6 billion of short-term borrowings at December 31, 2023. On a period-end basis, total medium- and long-term debt totaled $6.7 billion at December 31, 2024, an increase 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 $(