Other Short Term Borrowings

9 Months Ended

Sep. 30, 2019

Other Short Term Borrowings

Other Short Term Borrowings

16. 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:
		September 30,	December 31,
($ in millions)		2019	2018
FHLB advances	$	2,850	-
Derivative collateral		602	271
Securities sold under repurchase agreements		594	302
Total other short-term borrowings	$	4,046	573

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 September 30, 2019 and December 31, 2018, all securities sold under repurchase agreements were secured by agency residential mortgage-backed securities and the repurchase agreements have an overnight remaining contractual maturity.