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Borrowed Funds (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Total Borrowed Funds
The following table shows the carrying value of total borrowed funds at March 31, 2024 (including adjustments related to accounting hedges, purchase accounting and unamortized original issuance discounts) by remaining contractual maturity:
Table 56: Borrowed Funds
In millions
Less than 1 year$27,205 
1 to 2 years15,243 
2 to 3 years6,927 
3 to 4 years4,572 
4 to 5 years2,386 
Over 5 years16,374 
Total$72,707 
Contractual Rates and Maturity Dates of Borrowings
The following table presents the contractual rates and maturity dates of our FHLB borrowings, senior debt and subordinated debt as of March 31, 2024, and the carrying values as of March 31, 2024 and December 31, 2023.
Table 57: FHLB Borrowings, Senior Debt and Subordinated Debt
 Stated RateMaturityCarrying Value
Dollars in millionsMarch 31, 2024March 31, 2024March 31, 2024December 31, 2023
Parent Company
Senior debt
1.15% - 6.88%
2024-2035$23,303 $22,221 
Subordinated debt
3.90% - 4.63%
2024-20331,530 1,544 
Junior subordinated debt6.17 %2028206 206 
Total Parent Company  25,039 23,971 
Bank
Federal Home Loan Bank borrowings (a)
5.52% - 5.92%
2024-202637,000 38,000 
Senior debt
2.50% - 6.07%
2024-20434,604 4,615 
Subordinated debt
2.70% - 5.90%
2025-20293,091 3,125 
Total Bank  44,695 45,740 
Total  $69,734 $69,711 
(a)FHLB borrowings are generally collateralized by residential mortgage loans, other mortgage-related loans and investment securities.