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Deposits | 12 Months Ended
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Dec. 31, 2023
Statistical Disclosure for Banks [Abstract] |
Deposits | Deposits The following table sets forth the weighted average interest rates for each type of deposit at December 31, 2023 and 2022:
| December 31,
| 2023 |  | 2022
(dollars in millions) | Amount |  | Percent of Total |  | Weighted Average Interest Rate |  | Amount |  | Percent of Total |  | Weighted Average Interest Rate
Interest-bearing checking and money market accounts | $ | 30,700 |  |  | 37.66 | % |  | 3.51 | % |  | $ | 22,511 |  |  | 38.34 | % |  | 2.66 | %
Savings accounts | 8,773 |  |  | 10.76 | % |  | 2.67 | % |  | 11,645 |  |  | 19.83 | % |  | 1.30 | %
Certificates of deposit | 21,554 |  |  | 26.44 | % |  | 4.42 | % |  | 12,510 |  |  | 21.30 | % |  | 2.04 | %
Non-interest-bearing accounts | 20,499 |  |  | 25.14 | % |  | — | % |  | 12,055 |  |  | 20.53 | % |  | — | %
Total deposits | $ | 81,526 |  |  | 100.00 | % |  | 2.79 | % |  | $ | 58,721 |  |  | 100.00 | % |  | 1.71 | %
At December 31, 2023 and 2022, the aggregate amount of time deposit accounts (including certificates of deposit) that meet or exceed the insured limit was $7.9 billion and $3.7 billion, respectively. At December 31, 2023 and 2022, the aggregate amount of deposits that had been reclassified as loan balances (i.e., overdrafts) was $121 million and $4 million, respectively. The scheduled maturities of certificates of deposit at December 31, 2023 were as follows:
(in millions) |
1 year or less | $ | 17,321 |
More than 1 year through 2 years | 3,879 |
More than 2 years through 3 years | 229 |
More than 3 years through 4 years | 142 |
More than 4 years through 5 years | 7 |
Over 5 years | 3 |
Total CDs (1) | $ | 21,581 |
(1) Excludes PAA Included in total deposits at both December 31, 2023 and 2022 were brokered deposits of $9.5 billion and $5.1 billion with weighted average interest rates of 3.72 percent and .49 percent at the respective year-ends. Brokered money market accounts represented $1.3 billion and $2.8 billion of the December 31, 2023 and 2022 totals, and brokered interest-bearing checking accounts represented $1.6 billion and $1.0 billion, respectively. Brokered CDs represented $6.6 billion and $1.3 billion of brokered deposits at December 31, 2023 and 2022, respectively.

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481047/942-405-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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