XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.2
Commercial Paper and Other Short-Term Borrowings
6 Months Ended
Jun. 30, 2019
Short-term Debt [Abstract]  
Commercial Paper and Other Short-Term Borrowings
Commercial Paper and Other Short-Term Borrowings
The following table is a summary of the Company's commercial paper and other short-term borrowings.
(Dollars in millions)
 
June 30,
2019
 
December 31, 2018
Debt issued by MUB
 
 
 
 
Commercial paper, with a weighted average interest rate of 2.44% and 2.39% at June 30, 2019 and December 31, 2018, respectively
 
$
888

 
$
382

Federal Home Loan Bank advances, with a weighted average interest rate of 2.56% and 2.52% at June 30, 2019 and December 31, 2018, respectively
 
6,950

 
7,800

Total debt issued by MUB
 
7,838

 
8,182

Debt issued by other MUAH subsidiaries
 


 
 
Short-term debt due to MUFG Bank, Ltd., with weighted average interest rates of 2.73% and 3.01% at June 30, 2019 and December 31, 2018, respectively
 
69

 
145

Short-term debt due to affiliates, with weighted average interest rates of (-0.09)% and (-0.07)% at June 30, 2019 and December 31, 2018, respectively
 
778

 
936

Total debt issued by other MUAH subsidiaries
 
847

 
1,081

Total commercial paper and other short-term borrowings
 
$
8,685

 
$
9,263



Short-term debt due to MUFG Bank, Ltd. consists of both secured and unsecured fixed and floating rate borrowings.

MUSA maintains an uncommitted, unsecured lending facility with Mitsubishi UFJ Securities Holdings Co., Ltd. under which it may borrow up to JPY 160 billion (USD 1.5 billion equivalent). Under the terms of the facility, MUSA can choose to borrow in Japanese Yen or U.S. Dollars. Japanese Yen denominated borrowings include an extension option allowing MUSA to extend the maturity of an individual draw by 100 days at any time prior to its original, stated maturity. At June 30, 2019, MUSA had JPY 84 billion (USD 778 million equivalent) drawn under this facility.