Deposits

9 Months Ended

Sep. 30, 2019

Disclosure Text Block

Deposits

Note 16 – Deposits

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

(In thousands)		September 30, 2019		December 31, 2018
Savings accounts		$	10,602,678	$	9,722,824
NOW, money market and other interest bearing demand deposits			16,995,390		13,221,415
Total savings, NOW, money market and other interest bearing demand deposits			27,598,068		22,944,239
Certificates of deposit:
	Under $100,000		3,259,238		3,260,330
	$100,000 and over		4,536,919		4,356,434
Total certificates of deposit			7,796,157		7,616,764
Total interest bearing deposits		$	35,394,225	$	30,561,003

A summary of certificates of deposit by maturity at September 30, 2019 follows:

(In thousands)
2019	$	2,444,749
2020		2,429,159
2021		1,094,553
2022		734,807
2023		514,984
2024 and thereafter		577,905
Total certificates of deposit	$	7,796,157

At September 30, 2019, the Corporation had brokered deposits amounting to $ 0.6 billion (December 31, 2018 - $ 0.5 billion).

The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $5 million at September 30, 2019 (December 31, 2018 - $5 million).