Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Short-term Debt [Abstract]

Summary of Short-Term Borrowings and Weighted-Average Rates

The following table summarizes short-term borrowings and weighted-average rates:

	2020				2019
($ in millions)	Amount		Rate		Amount		Rate
As of December 31:
Federal funds purchased	$	300	0.14	%	$	260	1.49	%
Other short-term borrowings	1,192		0.19		1,011		1.24
Average for the years ended December 31:
Federal funds purchased	$	385	0.58	%	$	1,267	2.26	%
Other short-term borrowings	1,709		0.81		1,046		2.67
Maximum month-end balance for the years ended December 31:
Federal funds purchased	$	1,625			$	2,693
Other short-term borrowings	4,542				4,046

Summary of Other Short-Term Borrowings

The following table presents a summary of the Bancorp’s other short-term borrowings as of December 31:

($ in millions)	2020		2019
Securities sold under repurchase agreements	$	679	469
Derivative collateral	474		542
Other secured borrowings	39		—
Total other short-term borrowings	$	1,192	1,011