2nd Quarter 2021 Investor Presentation
Liquidity and Securities Portfolio
Cash and Cash Equivalents
$ in millions
Strategically deployed excess
cash primarily into short-term
securities and BOLI
$997
$655
$530
$1,737
$2,545 $2,522
Securities Portfolio Summary
$ in millions
Par
Projected
Duration
As of 6/30/21
AFS
HTM
Value
Yield
in Years
$3,905
Fixed Rate
Down
$3,472
MBS
$2,600
1.29%
4.0
98%
2%
$1.6B
Municipal
2,284
2.92%
7.7
66%
34%
Treasury/Agency
540
1.82%
6.3
86%
14%
Other
612
2.49%
5.1
99%
1%
$2,339
Variable Rate
Total
1,267
0.33%
1.0
100%
$7,303
1.78%
4.9
87%
13%
Q219
Q319 Q419 Q120 Q220 Q320 Q420 Q121
Q221
$
ā
ā
Purchased $2.5 billion of investment securities in the quarter, including strategically redeploying a portion of
excess cash into variable rate securities ($1.1 billion)
Securities portfolio duration shortened to 4.9 years at 6/30/21 compared to 6.5 years at 3/31/21
Redeployed a portion of excess cash into an additional investment in BOLI ($160 million) during the quarter
Still maintain approximately $2.3 billion in Cash and Cash Equivalents as of 6/30/21.
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