Short-Term Borrowings

12 Months Ended

Dec. 31, 2013

Short-Term Borrowings

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 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:
		2013			2012
($ in millions)		Amount	Rate		Amount	Rate
As of December 31:
Federal funds purchased	$	284	0.03%	$	901	0.10%
Other short-term borrowings		1,380	0.09		6,280	0.15
Average for the years ended December 31:
Federal funds purchased	$	503	0.12%	$	560	0.14%
Other short-term borrowings		3,024	0.18		4,246	0.18
Maximum month-end balance for the years ended December 31:
Federal funds purchased	$	925		$	901
Other short-term borrowings		8,001			6,330