Deposits

6 Months Ended

Jun. 30, 2020

Disclosure Text Block

Deposits

Note 15 – Deposits

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

(In thousands)		June 30, 2020		December 31, 2019
Savings accounts		$	12,632,255	$	10,618,629
NOW, money market and other interest bearing demand deposits			20,559,841		16,305,007
Total savings, NOW, money market and other interest bearing demand deposits			33,192,096		26,923,636
Certificates of deposit:
	Under $100,000		3,173,952		3,133,840
	$100,000 and over		4,957,742		4,540,957
Total certificates of deposit			8,131,694		7,674,797
Total interest bearing deposits		$	41,323,790	$	34,598,433

A summary of certificates of deposit by maturity at June 30, 2020 follows:

(In thousands)
2020	$	3,937,328
2021		1,723,772
2022		853,961
2023		622,509
2024		581,619
2025 and thereafter		412,505
Total certificates of deposit	$	8,131,694

At June 30, 2020, the Corporation had brokered deposits amounting to $ 0.7 billion (December 31, 2019 - $ 0.5 billion).

The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $2 million at June 30, 2020 (December 31, 2019 - $4 million).