Deposits

3 Months Ended

Mar. 31, 2016

9. Deposits.

Deposits.

			At March 31, 2016(1)		At December 31, 2015(1)
		(dollars in millions)
Savings and demand deposits		$	154,049	$	153,346
Time deposits(2)			3,542		2,688
	Total(3)	$	157,591	$	156,034

(1) Total deposits subject to the FDIC insurance at March 31, 2016 and December 31, 2015 were $114 billion and $113 billion, respectively. Of the total time deposits subject to the FDIC insurance at March 31, 2016 and December 31, 2015, $15 million and $14 million, respectively, met or exceeded the FDIC insurance limit.

(2) Certain time deposit accounts are carried at fair value under the fair value option (see Note 3).

(3) The Company’s deposits were primarily held in the U.S.

Interest bearing deposits at March 31, 2016 included $154,032 million of savings deposits payable upon demand and $3,044 million of time deposits maturing in 2016, $456 million of time deposits maturing in 2017 and $10 million of time deposits maturing in 2018.