USB funds predominantly through sticky consumer and small-business deposits, enabling it to replace expensive time deposits with cheaper savings inflows. This behavioral deposit base limits funding-cost volatility and protects spread income relative to wholesale-funded peers.
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfive sentences · whole, uncut
the claims it rests on
“Average savings deposits for the second quarter of 2026 were $15.5 billion (26.7 percent) higher than the same period of 2025, primarily due to an increase in Consumer and Business Banking balances”
“Changes in time deposits are primarily related to those deposits managed as an alternative to other funding sources, based largely on relative pricing and liquidity characteristics”
“Average total deposits funded approximately 74 percent of the Company's total assets”
what it was checked against
savings deposit growth from consumer/small-business
“Average savings deposits for the second quarter and the first six months of 2026 were $15.5 billion (26.7 percent) and $16.8 billion (30.9 percent) higher, respectively, than the same periods of 2025, primarily due to an increase in Consumer and Business Banking balances.”
expensive time deposit replacement
“Average time deposits for the second quarter and the first six months of 2026 were $10.5 billion (18.4 percent) and $9.7 billion (17.2 percent) lower, respectively, than the same periods of 2025, mainly due to decreases in Treasury and Corporate Support balances, and Wealth, Corporate, Commercial and Institutional Banking balances.”