Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Short-term Debt [Abstract]

Summary of Short-Term Borrowings and Weighted-Average Rates

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

	2021				2020
($ in millions)	Amount		Rate		Amount		Rate
As of December 31:
Federal funds purchased	$	281	0.13	%	$	300	0.14	%
Other short-term borrowings	980		0.04		1,192		0.19
Average for the years ended December 31:
Federal funds purchased	$	333	0.12	%	$	385	0.58	%
Other short-term borrowings	1,107		0.15		1,709		0.81
Maximum month-end balance for the years ended December 31:
Federal funds purchased	$	365			$	1,625
Other short-term borrowings	1,353				4,542

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)	2021		2020
Securities sold under repurchase agreements	$	544	679
Derivative collateral	436		474
Other secured borrowings	—		39
Total other short-term borrowings	$	980	1,192