Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 74

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 ownership of Visa shares and includes accrued interest receivable and payable. June 30, 2025December 31, 2024  Fair Value Fair Value(in millions)Notional/ContractAmount (a)Gross Derivative AssetsGross Derivative LiabilitiesNotional/ContractAmount (a)Gross Derivative AssetsGross Derivative LiabilitiesRisk management purposesDerivatives designated as hedging instrumentsInterest rate contracts:Fair value swaps - receive fixed/pay floating$5,800 $1 $— $6,800 $— $— Cash flow swaps - receive fixed/pay floating23,100 — — 23,350 — 3 Derivatives used as economic hedgesForeign exchange contracts:Spot, forwards and swaps568 — 4 453 3 — Total risk management purposes29,468 1 4 30,603 3 3 Customer-initiated and other activitiesInterest rate contracts:Caps and floors written2,234 — 7 1,781 — 12 Caps and floors purchased2,234 7 — 1,781 12 — Swaps19,707 152 207 19,189 165 320 Total interest rate contracts24,175 159 214 22,751 177 332 Energy contracts:Caps and floors written4,279 1 283 3,460 — 201 Caps and floors purchased4,279 284 1 3,460 202 — Swaps7,070 300 281 6,338 214 199 Total energy contracts15,628 585 565 13,258 416 400 Foreign exchange contracts:Spot, forwards, options and swaps2,504 36 31 3,117 70 59 Total customer-initiated and other activities42,307 780 810 39,126 663 791 Total gross derivatives$71,775 781 814 $69,729 666 794 Amounts offset in the Consolidated Balance Sheets:Netting adjustment - Offsetting derivative assets/liabilities(394)(394)(330)(330)Netting adjustment - Cash collateral received/posted(85)(22)(80)— Net derivatives included in the Consolidated Balance Sheets (b)302 398 256 464 Amounts not offset