Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Summary of Short-Term Borrowings

Following is a summary of short-term borrowings:

TABLE 12.1

December 31	2019		2018
(in millions)
Securities sold under repurchase agreements	$	278	$	251
Federal Home Loan Bank advances	2,255		2,230
Federal funds purchased	575		1,535
Subordinated notes	108		113
Total short-term borrowings	$	3,216	$	4,129

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	2019		2018		2017
Year-to-date average	2.24	%	1.89	%	1.16	%
Period-end	1.76	%	2.49	%	1.44	%