Short-Term Borrowings

12 Months Ended

Dec. 31, 2012

Short-Term Borrowings

14. 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 FRBs 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:
		2012			2011
($ in millions)		Amount	Rate		Amount	Rate
As of December 31:
Federal funds purchased	$	901	0.10%	$	346	0.04%
Other short-term borrowings		6,280	0.15		3,239	0.09
Average for the years ended December 31:
Federal funds purchased	$	560	0.14%	$	345	0.11%
Other short-term borrowings		4,246	0.18		2,777	0.12
Maximum month-end balance for the years ended December 31:
Federal funds purchased	$	901		$	451
Other short-term borrowings		6,330			4,894