Short-Term Borrowings

12 Months Ended

Dec. 31, 2011

Short-Term Borrowings

15. Short-term borrowings

Borrowings with original maturities of one year or less are classified as short term, and include federal funds purchased and other short-term borrowings. Federal funds purchased are excess balances in reserve accounts held at Federal Reserve Banks that the Bancorp purchased from other member banks on an overnight basis. Other short-term borrowings include securities sold under repurchase agreements, derivative collateral, FHLB advances and other borrowings with original maturities of one year or less.

A summary of short-term borrowings and weighted-average rates follows:

		2011			2010
($ in millions)		Amount	Rate		Amount	Rate
As of December 31:
Federal funds purchased	$	346	0.04%	$	279	0.18%
Other short-term borrowings		3,239	0.09		1,574	0.14
Average for the years ended December 31:
Federal funds purchased	$	345	0.11%	$	291	0.17%
Other short-term borrowings		2,777	0.12		1,635	0.21
Maximum month-end balance for the years ended December 31:
Federal funds purchased	$	451		$	422
Other short-term borrowings		4,894			1,975