Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 233

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 233
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 collateralized by corporate securities. The Company borrows securities and purchases securities under agreements to resell as part of its securities financing activities. On the acquisition date of these securities, the Company and the related counterparty agree on the amount of collateral required to secure the principal amount loaned under these arrangements. The Company monitors collateral values daily and calls for additional collateral to be provided as warranted under the respective agreements. The following table presents securities borrowed or purchased under agreements to resell:(Dollars in millions)Dec 31, 2024Dec 31, 2023Securities purchased under agreements to resell$1,322 $1,168 Securities borrowed1,228 1,210 Total securities borrowed or purchased under agreements to resell$2,550 $2,378 Fair value of collateral permitted to be resold or repledged$2,505 $2,175 Fair value of securities repledged or resold1,561 12 For securities sold under agreements to repurchase, the Company would be obligated to provide additional collateral in the event of a significant decline in fair value of the collateral pledged. This risk is managed by monitoring the liquidity and credit quality of the collateral, as well as the maturity profile of the transactions. Refer to “Note 16. Commitments and Contingencies” for additional information related to pledged securities. The following table presents the Company’s related activity, by collateral type and remaining contractual maturity:December 31, 2024December 31, 2023(Dollars in millions)Overnight and ContinuousUp to 30 days30-90 daysTotalOvernight and ContinuousUp to 30 daysTotalU.S. Treasury$— $2,445 $300 $2,745 $12 $— $12 State and Municipal350 100 — 450 415 — 415 Agency MBS – residential— 5,750 — 5,750 — 1,500 1,500 Corporate and other debt securities450 280 — 730 420 80 500 Total securities sold under agreements to repurchase$800 $8,575 $300 $9,675 $847 $1,580 $2,427 There were no securities financing transactions subject to legally enforceable master netting arrangements that were eligible for balance sheet netting for the periods presented.

Truist Financial Corporation   113

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