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Other Short-Term Borrowings
 3 Months Ended
Mar. 31, 2020
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:
                 
($ in millions)
 
    March 31,    
    2020    
 
  
    December 31,    
    2019    
  
FHLB advances
 
$
3,500
 
    
-
 
Securities sold under repurchase agreements
 
 
595
 
    
469
 
Derivative collateral
 
 
447
 
    
542
 
                 
Total other short-term borrowings
 
$
4,542
 
    
1,011
 
                 
 
 
 
 
 
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 March 31, 2020 and December 31, 2019, all securities sold under repurchase agreements were secured by agency residential mortgage-backed securities and the repurchase agreements have an overnight remaining contractual maturity.