Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 182

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 182
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TotalLevel 1Level 2Level 3Debt securities available for sale:Mortgage-backed securities$30,014 $— $30,014 $— Collateralized loan obligations124 — 124 — State and political subdivisions1 — 1 — U.S. Treasury and other4,069 4,069 — — Total debt securities available for sale34,208 4,069 30,139 — Loans held for sale:Residential loans held for sale922 — 922 — Commercial loans held for sale215 — 215 — Total loans held for sale, at fair value1,137 — 1,137 — Mortgage servicing rights1,397 — — 1,397 Derivative assets:Interest rate contracts459 — 459 — Foreign exchange contracts318 — 318 — Commodities contracts689 — 689 — TBA contracts2 — 2 — Other contracts9 — 1 8 Total derivative assets1,477 — 1,469 8 Equity securities, at fair value(1)178 178 — — Short-term investments55 20 35 — Total assets$38,452 $4,267 $32,780 $1,405 Derivative liabilities:Interest rate contracts$684 $— $684 $— Foreign exchange contracts326 — 326 — Commodities contracts634 — 634 — TBA contracts10 — 10 — Other contracts3 — — 3 Total derivative liabilities1,657 — 1,654 3 Short-term borrowed funds47 39 8 — Other liabilities106 — 106 — Total liabilities$1,810 $39 $1,768 $3 (1) Excludes investments of $58 million included in other assets in the Consolidated Balance Sheets that are measured at fair value using the net asset value per share (or its equivalent) practical expedient. These investments include capital contributions to private investment funds and have unfunded capital commitments of $23 million at March 31, 2025, which may be called at any time during prescribed time periods. The credit exposure is generally limited to the carrying amount of investments made and unfunded