“We think it's kind of hitting that kind of stable level, keeping in mind that we have a lot of operational deposits tied to our -- both our Corporate and our Corporate Trust businesses, and that kind of helps to sustain it.”

In context

“Siefers: Good morning everybody. Andy Cecere: Hi Scott. Scott Siefers: Hey. Lots of noise in the deposit flows in the first quarter. I guess, moving forward, what would your expectations be for total deposit flows or balances and then the mix of non-interest-bearing to total as we sort of get through this cycle? Terry Dolan: Yes. Our expectation is that if you end up just looking at the industry, there's going to be pressure on deposits and high competition. We think will fare quite well with respect to that. To the extent that we see changes in deposits, it will be kind of based upon that competition. So, -- but I would say relatively stable. And then coming to your second question, the mix of NIBs as an example in roughly the fourth quarter was about 25%, 26% in that ballpark. It's 25%. We think it's kind of hitting that kind of stable level, keeping in mind that we have a lot of operational deposits tied to our -- both our Corporate and our Corporate Trust businesses, and that kind of helps to sustain it. So, it's a combination of things, Scott. Scott Siefers: Okay, perfect. Thank you. And then I was hoping we could talk for a second about just the categorization and when you guys would expect to be a Category 2 bank, I think there's a lot of chatter going around, especially in light of that report from a couple of days ago. So, maybe just in sort of clear terms, when would you expect to be a Category 2 bank? Will that be due to your asset size or thanks to the Fed's flexibility to designate you as one? And then how would you guys get there by that time? Terry Dolan: Yes. Our trajectory with respect to Category 2 is no earlier than the end of 2024. And that will be -- I think that will be more driven by whether the Fed makes that decision or not rather than asset size. Again, as we kind of”