Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Short-Term Debt [Abstract]

Summary of Short-Term Borrowings and Weighted-Average Rates

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

	2023				2022
($ in millions)	Amount		Rate		Amount		Rate
As of December 31:
Federal funds purchased	$	193	5.31	%	$	180	4.22	%
Other short-term borrowings	2,861		5.21		4,838		3.75
Average for the years ended December 31:
Federal funds purchased	$	307	4.96	%	$	381	1.69	%
Other short-term borrowings	5,044		4.90		4,544		2.39
Maximum month-end balance for the years ended December 31:
Federal funds purchased	$	1,143			$	1,312
Other short-term borrowings	7,423				8,606

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)	2023		2022
FHLB advances	$	2,500	4,300
Securities sold under repurchase agreements	330		388
Derivative collateral	3		124
Other borrowed money	28		26
Total other short-term borrowings	$	2,861	4,838