(Dollars in millions)

March 31, 2024

December 31, 2023

Short-term borrowings

Federal funds purchased and repurchase agreements

$

295

$

316

FHLB advances

4,500

5,000

Total short-term borrowings

$

4,795

$

5,316

Long-term borrowings

Senior notes - M&T

$

3,276

$

2,482

Senior notes - M&T Bank

3,743

3,741

FHLB advances

2,005

5

Subordinated notes - M&T

75

76

Subordinated notes - M&T Bank

866

873

Junior subordinated debentures - M&T

541

540

Asset-backed notes

934

474

Other

10

10

Total long-term borrowings

$

11,450

$

8,201