Three months or less

  
The following table presents the maturity distribution by year of term deposits as of December 31, 2021:

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| (in millions) |  |
| 2022 | $4,420  |  |
| 2023 | 484  |  |
| 2024 | 215  |  |
| 2025 | 116  |  |
| 2026 | 25  |  |
| 2027 and thereafter | 3  |  |
| Total | $5,263  |  |

The following table presents the remaining maturities of term deposits with a denomination of $250,000 or more at December 31, 2021:

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| (in millions) |  |
| Three months or less | $1,298  |  |
| After three months through six months | 140  |  |
| After six months through twelve months | 154  |  |
| After twelve months  | 101  |  |
| Total term deposits | $1,693  |  |

NOTE 13 - BORROWED FUNDS Short-term borrowed fundsThe following table presents a summary of the Company’s short-term borrowed funds.    

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, |
| (in millions) | 2021 |  | 2020 |
| Securities sold under agreements to repurchase | $1  |  |  | $231  |  |
|  |  |  |  |
| Other short-term borrowed funds | 73  |  |  | 12  |  |
| Total short-term borrowed funds | $74  |  |  | $243  |  |



|  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
|  |  | Citizens Financial Group, Inc. | 120 |


