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DEPOSITS
12 Months Ended
Dec. 31, 2022
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)20222021
Demand$49,283 $49,443 
Money market49,905 47,216 
Checking with interest39,721 30,409 
Savings29,805 22,030 
Term12,010 5,263 
Total deposits$180,724 $154,361 
The following table presents the maturity distribution of term deposits by year as of December 31, 2022:
(in millions)
2023$10,723 
2024991 
2025156 
202674 
202763 
2028 and thereafter
Total$12,010 
The following table presents the remaining maturities of term deposits with a denomination of $250,000 or more at December 31, 2022:
(in millions)
Three months or less$995 
After three months through six months101 
After six months through twelve months630 
After twelve months 249 
Total term deposits$1,975