Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Short-term Debt

A summary of short-term borrowings for the years 2023, 2022 and 2021 is presented in the following table:

Table 8.9.1

SHORT-TERM BORROWINGS

(Dollars in millions)	Trading Liabilities			Federal Funds Purchased			Securities Sold Under Agreements to Repurchase			Other Short-term Borrowings
2023
Average balance	$	301		$	349		$	1,426		$	2,688
Year-end balance	509			302			1,921			326
Maximum month-end outstanding	509			622			1,957			7,476
Average rate for the year	4.16		%	5.12		%	3.66		%	5.19		%
Average rate at year-end	4.48		%	5.40		%	3.98		%	5.36		%
2022
Average balance	$	480		$	699		$	881		$	229
Year-end balance	335			400			1,013			1,093
Maximum month-end outstanding	700			1,023			1,211			1,093
Average rate for the year	2.56		%	1.56		%	0.77		%	2.26		%
Average rate at year-end	3.67		%	4.40		%	2.19		%	4.30		%
2021
Average balance	$	540		$	949		$	1,235		$	124
Year-end balance	426			775			1,247			102
Maximum month-end outstanding	685			1,037			1,615			146
Average rate for the year	1.11		%	0.12		%	0.30		%	0.09		%
Average rate at year-end	1.62		%	0.10		%	0.11		%	0.08		%