Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 69

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 (unaudited)Comerica Incorporated and Subsidiaries

The following table presents the composition of the Corporation’s derivative instruments held or issued for risk management purposes or in connection with customer-initiated and other activities at March 31, 2025 and December 31, 2024. The table excludes a derivative related to the Corporation's 2008 sale of its remaining ownership of Visa shares and includes accrued interest receivable and payable. March 31, 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 floating23,350 — — 23,350 — 3 Derivatives used as economic hedgesForeign exchange contracts:Spot, forwards and swaps544 — 2 453 3 — Total risk management purposes29,694 1 2 30,603 3 3 Customer-initiated and other activitiesInterest rate contracts:Caps and floors written1,911 — 9 1,781 — 12 Caps and floors purchased1,911 9 — 1,781 12 — Swaps19,084 148 240 19,189 165 320 Total interest rate contracts22,906 157 249 22,751 177 332 Energy contracts:Caps and floors written4,021 — 266 3,460 — 201 Caps and floors purchased4,021 267 — 3,460 202 — Swaps6,872 310 296 6,338 214 199 Total energy contracts14,914 577 562 13,258 416 400 Foreign exchange contracts:Spot, forwards, options and swaps2,673 40 34 3,117 70 59 Total customer-initiated and other activities40,493 774 845 39,126 663 791 Total gross derivatives$70,187 775 847 $