XML 231 R29.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Short-Term Borrowings | 12 Months Ended
--- | ---
Dec. 31, 2019
Debt Disclosure [Abstract] |
Short-Term Borrowings | 19. Short-Term Borrowings Selected financial information pertaining to the components of our short-term borrowings is as follows:
December 31, |  |  |
dollars in millions | 2019 | 2018 | 2017
FEDERAL FUNDS PURCHASED |  |  |
Balance at year end | $ | 200 |  | — |  | $ | 3 |
Average during the year | 61 |  | $ | 537 |  | 128 |
Maximum month-end balance | 1,000 |  | 3,197 |  | 2,331 |
Weighted-average rate during the year (a) | 2.12 | % | 1.68 | % | .72 | %
Weighted-average rate at December 31 (a) | 1.56 |  | — |  | — |
SECURITIES SOLD UNDER REPURCHASE AGREEMENTS |  |  |
Balance at year end | $ | 187 |  | $ | 319 |  | $ | 374 |
Average during the year | 203 |  | 391 |  | 389 |
Maximum month-end balance | 283 |  | 614 |  | 472 |
Weighted-average rate during the year (a) | .22 | % | .09 | % | .08 | %
Weighted-average rate at December 31 (a) | .09 |  | .09 |  | .08 |
OTHER SHORT-TERM BORROWINGS |  |  |
Balance at year end | $ | 705 |  | $ | 544 |  | $ | 634 |
Average during the year | 730 |  | 915 |  | 1,140 |
Maximum month-end balance | 847 |  | 1,133 |  | 1,242 |
Weighted-average rate during the year (a) | 2.31 | % | 2.34 | % | 1.34 | %
Weighted-average rate at December 31 (a) | 1.99 |  | 2.92 |  | 2.01 |
(a) | Rates exclude the effects of interest rate swaps and caps, which modify the repricing characteristics of certain short-term borrowings. For more information about such financial instruments, see Note 8 (“Derivatives and Hedging Activities”).
As described below and in Note 20 (“Long-Term Debt”), KeyCorp and KeyBank have a number of programs and facilities that support our short-term financing needs. Certain subsidiaries maintain credit facilities with third parties, which provide alternative sources of funding. KeyCorp is the guarantor of some of the third-party facilities. Short-term credit facilities. We maintain cash on deposit in our Federal Reserve account, which has reduced our need to obtain funds through various short-term unsecured money market products. This account, which was maintained at $1.0 billion at December 31, 2019, and the unpledged securities in our investment portfolio provide a buffer to address unexpected short-term liquidity needs. We also have secured borrowing facilities at the FHLB and the Federal Reserve Bank of Cleveland to satisfy short-term liquidity requirements. As of December 31, 2019, our unused secured borrowing capacity was $25.2 billion at the Federal Reserve Bank of Cleveland and $8.1 billion at the FHLB.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration