Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 39

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 39
---
.1 billion of collateralized borrowing through the discount window.

56

The table below details the Corporation's sources of available liquidity at March 31, 2025.

(dollar amounts in millions)Total CapacityBorrowings OutstandingAvailable LiquidityCash on deposit with FRB (a)$4,549 Unencumbered investment securities (b)7,441 Secured borrowing facilities:FHLB$16,752 $3,400 13,352 FRB17,108 — 17,108 Total available liquidity$42,450 

(a)Included in interest-bearing deposits with banks on the Consolidated Balance Sheet.

(b)Market value of available-for-sale investment securities that the Corporation can pledge or sell without third-party consent.

The Corporation may also use brokered deposits and external debt as additional sources of funding, and maintains a shelf registration statement with the Securities and Exchange Commission through which it may issue securities. The ability of the Corporation and the Bank to raise unsecured funding at competitive rates is impacted by rating agencies' views of the credit quality, liquidity, capital, earnings and other relevant factors related to the Corporation and the Bank. As of March 31, 2025, the three major rating agencies had assigned the following ratings to long-term senior unsecured obligations of the Corporation and the Bank, as well as long-term deposits at the Bank. A security rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating.

Debt RatingsDeposit RatingsComerica IncorporatedComerica BankComerica BankMarch 31, 2025RatingRatingOutlookRatingMoody’s Investors ServiceBaa2Baa2StableA2Fitch Ratings A-A-NegativeAStandard and Poor’sBBBBBB+Stablenot rated

Deposit Concentrations and Uninsured Deposits

The Corporation's uninsured deposits are well-diversified between geographies, industries and customers. At March 31, 2025, the Retail Bank and general Middle Market segments, both highly diversified and granular, accounted for 39 percent and 28 percent of the total deposit base, respectively. Corporate Banking and Technology and Life Sciences comprised 6 percent and 4 percent each of total deposits, respectively, which were the largest deposit concentrations of the more specialized business lines. 

Uninsured deposits are defined as the portion of deposit