Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Summary of Short-Term Borrowings

Following is a summary of short-term borrowings:

TABLE 12.1

December 31	2018		2017
(in millions)
Securities sold under repurchase agreements	$	251	$	256
Federal Home Loan Bank advances	2,230		2,285
Federal funds purchased	1,535		1,000
Subordinated notes	113		138
Total short-term borrowings	$	4,129	$	3,679

Schedule of Weighted Average Interest Rates on Short-Term Borrowings

The following represents weighted average interest rates on short-term borrowings:

TABLE 12.2

December 31	2018		2017		2016
Year-to-date average	1.89	%	1.16	%	0.61	%
Period-end	2.49	%	1.44	%	0.69	%