Deposits

12 Months Ended

Dec. 31, 2019

Disclosure Text Block

Deposits

Note 18 – Deposits

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

(In thousands)		December 31, 2019		December 31, 2018
Savings accounts		$	10,618,629	$	9,722,824
NOW, money market and other interest bearing demand deposits			16,305,007		13,221,415
Total savings, NOW, money market and other interest bearing demand deposits			26,923,636		22,944,239
Certificates of deposit:
	Under $100,000		3,133,840		3,260,330
	$100,000 and over		4,540,957		4,356,434
Total certificates of deposit			7,674,797		7,616,764
Total interest bearing deposits		$	34,598,433	$	30,561,003

A summary of certificates of deposit by maturity at December 31, 2019 follows:

(In thousands)
2020	$	4,612,460
2021		1,149,007
2022		734,322
2023		502,572
2024		615,875
2025 and thereafter		60,561
Total certificates of deposit	$	7,674,797

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

The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $4 million at December 31, 2019 (December 31, 2018 - $5 million).