Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 128

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 128
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 Debt Issuances with aggregate principal amounts totaling $1.25 billion, as detailed in the “Interest-bearing Liabilities—Borrowings” section in this MD&A and referenced above. We continually monitor our capital needs and market conditions in an effort to diversify our borrowing base when appropriate.

FHLB Capacity 

A source of available funds is advances from the FHLB of Atlanta. We may pledge assets for secured borrowing transactions, which include borrowings from the FHLB and/or FRB, or for other purposes as required or permitted by law. The debt issued in conjunction with these transactions is collateralized by certain discrete receivables, securities, loans, leases and/or underlying equipment. Certain related cash balances are restricted.  

Table 47

FHLB Balances

dollars in millionsMarch 31, 2025December 31, 2024Total borrowing capacity$17,992 $17,873 Less:Advances— — Letters of credit (1)1,450 1,450 Available capacity$16,542 $16,423 Pledged Non-PCD loans$30,112 $30,421 

(1)    Letters of credit were established with the FHLB to collateralize public funds.

FRB Capacity

Under borrowing arrangements with the FRB, FCB has access to $5.61 billion on a secured basis. There were no outstanding borrowings with the FRB Discount Window at March 31, 2025 and December 31, 2024.

FDIC Credit Facility

FCB and the FDIC entered into the Advance Facility Agreement, dated as of March 27, 2023, and effective as of November 20, 2023, providing total advances available through March 27, 2025 of up to $70 billion solely to provide liquidity to offset deposit withdrawal or runoff of former SVBB deposit accounts and to fund the unfunded commercial lending commitments acquired in the SVBB Acquisition. There were no amounts outstanding at the end of the draw period on March 27, 2025. 

Refer to Note 2—Business Combinations for further discussion.

93

Contractual Obligations and Commitments 

The following table includes significant contractual obligations and commitments as of March 31, 2025, representing required and potential cash outflows, including impacts from purchase accounting adjustments and deferred fees. Refer to Note 18—Commitments and Contingencies for additional information