Short-Term Borrowings

12 Months Ended

Dec. 31, 2016

Short-term Debt [Abstract]

Short-Term Borrowings

Short-Term Borrowings

Short-term borrowings consisted of the following:

	December 31,
	2016				Rate		2015				Rate		2014				Rate
	(dollars are in millions)
Securities sold under repurchase agreements(1)	$	3,672			1.17	%	$	2,986			.48	%	$	7,707			.32	%
Average during year			$	7,272	.72				$	9,839	.34				$	13,498	.16
Maximum month-end balance			11,950						14,582						19,254
Commercial paper	1,251				1.20		1,978				.46		4,772				.23
Average during year			2,551		.82				3,408		.30				4,537		.23
Maximum month-end balance			3,687						4,870						4,963
Other	178						31						316
Total short-term borrowings	$	5,101					$	4,995					$	12,795

⁽¹⁾  The following table presents the quarter end and average quarterly balances of securities sold under repurchase agreements:

	2016								2015								2014
	Fourth		Third		Second		First		Fourth		Third		Second		First		Fourth		Third		Second		First
	(in millions)
Quarter end balance	$	3,672	$	3,986	$	3,969	$	5,529	$	2,986	$	5,870	$	7,689	$	12,217	$	7,707	$	6,634	$	6,481	$	19,254
Average quarterly balance	4,593		5,959		10,461		8,117		7,513		6,914		12,761		12,251		8,902		9,106		16,849		19,300