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Other Short-Term Borrowings
3 Months Ended
Mar. 31, 2023
Short-Term Debt [Abstract]  
Other Short-Term Borrowings Other Short-Term Borrowings
Borrowings with original maturities of one year or less are classified as short-term. The following table presents a summary of the Bancorp’s other short-term borrowings as of:
($ in millions)March 31,
2023
December 31,
2022
FHLB advances$6,800 4,300 
Securities sold under repurchase agreements330 388 
Derivative collateral 208 124 
Other borrowed money26 26 
Total other short-term borrowings$7,364 4,838 

The Bancorp’s securities sold under repurchase agreements are accounted for as secured borrowings and are collateralized by securities included in available-for-sale debt and other securities in the Condensed Consolidated Balance Sheets. These securities are subject to changes in market value and, therefore, the Bancorp may increase or decrease the level of securities pledged as collateral based upon these movements in market value. As of both March 31, 2023 and December 31, 2022, all securities sold under repurchase agreements were secured by agency residential mortgage-backed securities and the repurchase agreements had an overnight remaining contractual maturity.