CITIZENS FINANCIAL GROUP INCRI
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
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Deposits
| Table 15: Composition of Deposits | ||||
|---|---|---|---|---|
| (dollars in millions) | September 30, 2024 | % of Total Deposits | December 31, 2023 | % of Total Deposits |
| Demand | $35,978 | 21% | $37,107 | 21% |
| Money market | 54,654 | 31 | 53,812 | 30 |
| Checking with interest | 33,680 | 19 | 31,876 | 18 |
| Savings | 26,489 | 15 | 27,983 | 16 |
| Term | 24,387 | 14 | 26,564 | 15 |
| Total deposits | $175,188 | 100% | $177,342 | 100% |
Total deposits as of September 30, 2024 decreased compared to December 31, 2023, reflecting a decline in Treasury deposits, partially offset by growth in Private Bank deposits.
| Table 16: Uninsured and Insured/Secured Deposits | ||
|---|---|---|
| (dollars in millions) | September 30, 2024 | December 31, 2023 |
| Total deposits | $175,188 | $177,342 |
| Estimated uninsured deposits(1) | 76,311 | 73,584 |
| Less: Uninsured affiliate deposits eliminated in consolidation | 13,334 | 14,650 |
| Less: Preferred deposits(1)(2) | 6,818 | 7,486 |
| CFG adjusted estimated uninsured deposits, excluding preferred deposits | 56,159 | 51,448 |
| Total estimated insured/secured deposits | $119,029 | $125,894 |
| Insured/secured deposits to total deposits | 68% | 71% |
(1) As reported on CBNA’s Call Report.
(2) Represents uninsured deposits of states and political subdivisions that are secured or collateralized as required under state law.
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