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DEPOSITS
12 Months Ended
Dec. 31, 2021
Deposits [Abstract]  
DEPOSITS
NOTE 12 - DEPOSITS
Interest-bearing deposits in banks are carried at cost and include deposits that mature within one year.
The following table presents the major components of deposits:
December 31,
(in millions)20212020
Demand$49,443 $43,831 
Money market accounts47,216 48,569 
Checking with interest30,409 27,204 
Regular savings22,030 18,044 
Term deposits5,263 9,516 
Total deposits$154,361 $147,164 
The following table presents the maturity distribution by year of term deposits as of December 31, 2021:
(in millions)
2022$4,420 
2023484 
2024215 
2025116 
202625 
2027 and thereafter
Total$5,263 
The following table presents the remaining maturities of term deposits with a denomination of $250,000 or more at December 31, 2021:
(in millions)
Three months or less$1,298 
After three months through six months140 
After six months through twelve months154 
After twelve months 101 
Total term deposits$1,693