Deposits

12 Months Ended

Dec. 31, 2017

Disclosure Text Block

Deposits

Note 19 – Deposits

Total interest bearing deposits as of the end of the periods presented consisted of:

(In thousands)		December 31, 2017		December 31, 2016
Savings accounts		$	8,561,718	$	7,793,533
NOW, money market and other interest bearing demand deposits			10,885,967		8,012,706
Total savings, NOW, money market and other interest bearing demand deposits			19,447,685		15,806,239
Certificates of deposit:
	Under $100,000		3,446,575		3,570,956
	$100,000 and over		4,068,303		4,138,586
Total certificates of deposit			7,514,878		7,709,542
Total interest bearing deposits		$	26,962,563	$	23,515,781

A summary of certificates of deposit by maturity atDecember 31,2017 follows:

(In thousands)
2018	$	3,941,152
2019		1,150,663
2020		1,083,152
2021		710,484
2022		581,771
2023 and thereafter		47,656
Total certificates of deposit	$	7,514,878

At December 31,2017, the Corporation had brokered deposits amounting to $ 0.5billion (December 31, 2016 - $ 0.6billion).

The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $4million at December 31,2017 (December 31, 2016 - $6million).