Short-Term Borrowings

12 Months Ended

Dec. 31, 2014

Short Term Borrowings Summary

Short-Term Borrowings

NOTE 8. Short-Term Borrowings

		December 31,
		2014		2013
		(Dollars in millions)
Federal funds purchased		$	1,402	$	1,443
Securities sold under agreements to repurchase			317		463
Other short-term borrowed funds			1,998		2,232
	Total short-term borrowings	$	3,717	$	4,138

A summary of selected data related to short-term borrowings follows:

	As Of / For The Year Ended December 31,
	2014			2013			2012
	(Dollars in millions)
Maximum outstanding at any month-end during the year	$	5,056		$	5,196		$	4,385
Balance outstanding at end of year		3,717			4,138			2,864
Average outstanding during the year		3,421			4,459			3,408
Average interest rate during the year (includes derivative impact)		0.11	%		0.13	%		0.20	%
Average interest rate at end of year		0.09			0.12			0.22