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BORROWINGS (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Summary of Short-Term Borrowings
Following is a summary of short-term borrowings:
TABLE 10.1
(in millions)June 30,
2020		December 31,
2019
Securities sold under repurchase agreements$344  $278  
Federal Home Loan Bank advances1,955  2,255  
Federal funds purchased—  575  
Subordinated notes112  108  
Total short-term borrowings$2,411  $3,216  
Summary of Long-Term Borrowings
Following is a summary of long-term borrowings:
TABLE 10.2
(in millions)June 30,
2020		December 31,
2019
Federal Home Loan Bank advances$930  $935  
Senior notes298  —  
Subordinated notes87  90  
Junior subordinated debt66  66  
Other subordinated debt249  249  
Total long-term borrowings$1,630  $1,340  
Schedule of Subordinated Borrowing The subordinated notes are eligible for treatment as tier 2 capital for regulatory capital purposes.
TABLE 10.3
(dollars in millions)Aggregate Principal Amount Issued
Net Proceeds (2)
Carrying ValueStated Maturity DateInterest
Rate
2.20% Senior Notes due February 24, 2023$300  $298  $298  2/24/20232.20 %
4.95% Fixed-To-Floating Rate Subordinated Notes due 2029120  118  118  2/14/20294.95 %
4.875% Subordinated Notes due 2025100  98  99  10/2/20254.875 %
7.625% Subordinated Notes due August 12, 2023 (1)
38  46  32  8/12/20237.625 %
Total$558  $560  $547  
(1) Assumed from YDKN and adjusted to fair value at the time of acquisition.
(2) After deducting underwriting discounts and commissions and offering costs. For the debt assumed from YDKN, this is the fair value of the debt at the time of the acquisition.
Schedule of Junior Subordinated Debt Trusts
The following table provides information relating to the Trusts as of June 30, 2020:
TABLE 10.4
(dollars in millions)Trust
Preferred
Securities		Common
Securities		Junior
Subordinated
Debt		Stated
Maturity
Date		Interest Rate
Rate Reset Factor
F.N.B. Statutory Trust II$22  $1  $22  6/15/20361.96 %
LIBOR + 165 basis points (bps)
Yadkin Valley Statutory Trust I25  1  22  12/15/20371.63 %
LIBOR + 132 bps
FNB Financial Services Capital Trust I25  1  22  9/30/20351.77 %
LIBOR + 146 bps
Total$72  $3  $66