Short-Term Borrowings

12 Months Ended

Dec. 31, 2017

Short-term Debt [Abstract]

Short-Term Borrowings

Short-Term Borrowings

Short-term borrowings consisted of the following:

	December 31,
	2017				Rate		2016				Rate		2015				Rate
	(dollars are in millions)
Securities sold under repurchase agreements(1)	$	3,365			2.10	%	$	3,672			1.17	%	$	2,986			.48	%
Average during year			$	8,100	1.28				$	7,272	.72				$	9,839	.34
Maximum month-end balance			11,351						11,950						14,582
Commercial paper	1,154				1.56		1,251				1.20		1,978				.46
Average during year			1,256		1.37				2,551		.82				3,408		.30
Maximum month-end balance			1,377						3,687						4,870
Other	131						178						31
Total short-term borrowings	$	4,650					$	5,101					$	4,995

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

	2017								2016								2015
	Fourth		Third		Second		First		Fourth		Third		Second		First		Fourth		Third		Second		First
	(in millions)
Quarter end balance	$	3,365	$	6,494	$	7,558	$	4,069	$	3,672	$	3,986	$	3,969	$	5,529	$	2,986	$	5,870	$	7,689	$	12,217
Average quarterly balance	5,457		12,566		9,272		5,050		4,593		5,959		10,461		8,117		7,513		6,914		12,761		12,251