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Commercial Paper and Other Short-Term Borrowings
12 Months Ended
Dec. 31, 2018
Short-term Debt [Abstract]  
Commercial Paper and Other Short-Term Borrowings
Commercial Paper and Other Short-Term Borrowings
The following table is a summary of the Company's commercial paper and other short-term borrowings:
(Dollars in millions)
 
December 31, 2018
 
December 31, 2017
Debt issued by MUB
 
 
 
 
Commercial paper, with a weighted average interest rate of 2.39% and 1.26% at December 31, 2018 and December 31, 2017, respectively
 
$
382

 
$
347

Federal Home Loan Bank advances, with a weighted average interest rate of 2.52% and 1.42% at December 31, 2018 and December 31, 2017, respectively
 
7,800

 
5,750

Total debt issued by MUB
 
8,182

 
6,097

Debt issued by other MUAH subsidiaries
 
 
 
 
Short-term debt due to MUFG Bank, Ltd., with weighted average interest rates of 3.01% and 1.88% at December 31, 2018 and December 31, 2017, respectively
 
145

 
168

Short-term debt due to affiliates, with weighted average interest rates of (-0.07)% and (-0.09)% at December 31, 2018 and December 31, 2017, respectively
 
936

 
801

Total debt issued by other MUAH subsidiaries
 
1,081

 
969

Total commercial paper and other short-term borrowings
 
$
9,263

 
$
7,066


At December 31, 2018, Federal Home Loan Bank advances had a weighted average maturity of 168 days. The commercial paper outstanding had a weighted average remaining maturity of 97 days. The short-term debt due to MUFG Bank, Ltd. had a weighted average remaining maturity of 53 days and the short-term debt due to affiliates had a weighted average remaining maturity of 244 days.
Short-term debt due to MUFG Bank, Ltd. consists of both secured and unsecured fixed and floating rate borrowings.

MUSA maintains an uncommitted, unsecured lending facility with Mitsubishi UFJ Securities Holdings Co., Ltd. under which it may borrow up to JPY 160 billion (USD equivalent $1.4 billion). Under the terms of the facility, MUSA can choose to borrow in Japanese Yen or US Dollars. Japanese Yen denominated borrowings include an irrevocable extension option allowing MUSA to extend the maturity of an individual draw by 100 days at any time prior to its original, stated maturity. At December 31, 2018, MUSA had JPY 103 billion ($936 million USD equivalent) drawn under this facility.