Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Short-Term Debt [Abstract]

Schedule of short-term borrowings

Short-term borrowings consisted of the following:

	December 31,
	2023		Rate		2022		Rate
	(dollars are in millions)
Federal funds purchased (day to day)	$	3,355	5.49	%	$	—	—	%
Securities sold under repurchase agreements	267		*		—		—
Commercial paper	5,440		6.28		4,818		3.98
Other	852				1,127
Total short-term borrowings	$	9,914			$	5,945

*The rate on securities sold under repurchase agreements is not meaningful as the denominator used in the calculation reflects the net amount presented in the balance sheet.