Deposits

12 Months Ended

Dec. 31, 2016

Disclosure Text Block

Deposits

Note 20 – Deposits

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

(In thousands)		December 31, 2016		December 31, 2015
Savings accounts		$	7,793,533	$	7,010,391
NOW, money market and other interest bearing demand deposits			8,012,706		5,632,449
Total savings, NOW, money market and other interest bearing demand deposits			15,806,239		12,642,840
Certificates of deposit:
	Under $100,000		3,570,956		4,014,359
	$100,000 and over		4,138,586		4,151,009
Total certificates of deposit			7,709,542		8,165,368
Total interest bearing deposits		$	23,515,781	$	20,808,208

A summary of certificates of deposit by maturity atDecember 31,2016 follows:

(In thousands)
2017	$	3,946,867
2018		1,347,604
2019		653,080
2020		907,971
2021		802,593
2022 and thereafter		51,427
Total certificates of deposit	$	7,709,542

At December 31,2016, the Corporation had brokered deposits amounting to $ 0.6billion (December 31, 2015 - $ 1.3billion).

The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $6million at December 31,2016 (December 31, 2015 - $11million).