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BORROWINGS (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Summary of Short-Term Borrowings
Following is a summary of short-term borrowings:
TABLE 8.1
(in millions)
June 30,
2019
 
December 31,
2018
Securities sold under repurchase agreements
$
231

 
$
251

Federal Home Loan Bank advances
1,620

 
2,230

Federal funds purchased
1,752

 
1,535

Subordinated notes
108

 
113

Total short-term borrowings
$
3,711

 
$
4,129


Summary of Long-Term Borrowings
Following is a summary of long-term borrowings:
TABLE 8.2
(in millions)
June 30,
2019
 
December 31,
2018
Federal Home Loan Bank advances
$
935

 
$
270

Subordinated notes
88

 
87

Junior subordinated debt
66

 
111

Other subordinated debt
249

 
159

Total long-term borrowings
$
1,338

 
$
627


Junior Subordinated Debt Trusts
The following table provides information relating to the Trusts as of June 30, 2019:
TABLE 8.3
(dollars in millions)
Trust
Preferred
Securities
 
Common
Securities
 
Junior
Subordinated
Debt
 
Stated
Maturity
Date
 
Interest Rate
 

Rate Reset Factor
F.N.B. Statutory Trust II
$
22

 
$
1

 
$
22

 
6/15/2036
 
4.06
%
 
LIBOR + 165 basis points (bps)
Yadkin Valley Statutory Trust I
25

 
1

 
22

 
12/15/2037
 
3.73
%
 
LIBOR + 132 bps
FNB Financial Services Capital Trust I
25

 
1

 
22

 
9/30/2035
 
3.78
%
 
LIBOR + 146 bps
Total
$
72

 
$
3

 
$
66