Short-Term Borrowings (a) (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Short-term Borrowings

	2012					2011					2010
(Dollars in Millions)	Amount		Rate			Amount		Rate			Amount		Rate
At Year-End
Federal funds purchased	$	950		.11	%	$	1,036		.11	%	$	776		.17	%
Securities sold under agreements to repurchase		3,388		3.26			6,986		3.35			9,261		2.70
Commercial paper		16,202		.12			15,973		.12			15,885		.20
Other short-term borrowings		5,762		.29			6,473		.26			6,635		.59
Total	$	26,302		.57	%	$	30,468		.89	%	$	32,557		.99	%
Average for the Year
Federal funds purchased (b)	$	1,338		15.32	%	$	968		22.61	%	$	2,180		10.09	%
Securities sold under agreements to repurchase		4,942		3.52			7,483		3.22			9,211		2.75
Commercial paper		15,806		.14			15,204		.15			15,349		.20
Other short-term borrowings		6,463		.72			7,048		.77			6,979		.75
Total (b)	$	28,549		1.57	%	$	30,703		1.75	%	$	33,719		1.65	%
Maximum Month-End Balance
Federal funds purchased	$	2,467				$	1,172				$	6,034
Securities sold under agreements to repurchase		5,922					9,071					9,261
Commercial paper		17,385					16,768					15,981
Other short-term borrowings		7,443					7,514					8,700

(a) Interest and rates are presented on a fully taxable-equivalent basis utilizing a tax rate of 35 percent.

(b) Average federal funds purchased and total short-term borrowings rates include amounts paid by the Company to certain corporate card customers for paying outstanding noninterest-bearing corporate card balances within certain time frames per specific agreements. These activities reduce the Company’s short-term funding needs, and if they did not occur, the Company would use other funding alternatives, including the use of federal funds purchased. The amount of this compensation expense paid by the Company and included in federal funds purchased and total short-term borrowings rates for 2012, 2011 and 2010 was $203 million, $218 million and $216 million, respectively.