Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Short-Term Debt [Abstract]

Summary of Short-Term Borrowings and Weighted-Average Rates

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

	2022				2021
($ in millions)	Amount		Rate		Amount		Rate
As of December 31:
Federal funds purchased	$	180	4.22	%	$	281	0.13	%
Other short-term borrowings	4,838		3.75		980		0.04
Average for the years ended December 31:
Federal funds purchased	$	381	1.69	%	$	333	0.12	%
Other short-term borrowings	4,544		2.39		1,107		0.15
Maximum month-end balance for the years ended December 31:
Federal funds purchased	$	1,312			$	365
Other short-term borrowings	8,606				1,353

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)	2022		2021
FHLB advances	$	4,300	—
Securities sold under repurchase agreements	388		544
Derivative collateral	124		436
Other borrowed money	26		—
Total other short-term borrowings	$	4,838	980