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Short-term Borrowings Short-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Short-Term Debt [Abstract]

Summary of Short-term Borrowings

The following table provides a summary of short-term borrowings.

(dollar amounts in millions)			Federal Funds Purchased						Other Short-term Borrowings
December 31, 2023
Amount outstanding at year-end			$	15					$	3,550
Weighted average interest rate at year-end			5.30		%				5.74		%
Maximum month-end balance during the year			$	19					$	11,000
Average balance outstanding during the year			29						7,189
Weighted average interest rate during the year			4.77		%				5.41		%
December 31, 2022
Amount outstanding at year-end			$	11					$	3,200
Weighted average interest rate at year-end			4.32		%				4.54		%
Maximum month-end balance during the year			$	1,106					$	3,200
Average balance outstanding during the year			82						354
Weighted average interest rate during the year			3.28		%				4.08		%
December 31, 2021
Amount outstanding at year-end			$	—					$	—
Weighted average interest rate at year-end			—		%				—		%
Maximum month-end balance during the year			$	2					$	—
Average balance outstanding during the year			2						—
Weighted average interest rate during the year			0.06		%				—		%

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ Details

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X

- References

No definition available.

+ Details

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