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Other Borrowings and Corporate Debt (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Other Borrowings
The following table presents the Company's external lines of credit at December 31, 2019 (dollars in millions):
Description
Maturity Date
Borrower
Outstanding
Available
Senior unsecured, committed revolving credit facility(1)
June 2024
ETFC
$
—

$
300

FHLB secured credit facility
Determined at trade
ETB
$
—

$
6,837

Federal Reserve Bank discount window
Overnight
ETB
$
—

$
1,336

Senior unsecured, committed revolving credit facility(2)
June 2020
ETS
$
—

$
600

Secured, committed lines of credit
June 2020
ETS
$
—

$
175

Unsecured, uncommitted lines of credit
June 2020
ETS
$
—

$
50

Unsecured, uncommitted lines of credit
None
ETS
$
—

$
75

Secured, uncommitted lines of credit
None
ETS
$
—

$
425

(1)
On June 21, 2019, the Company entered into a new five year, $300 million senior unsecured committed revolving credit facility, which replaced its three year senior unsecured committed revolving credit facility entered into on June 23, 2017. The senior unsecured committed revolving credit facility contains certain covenants, including maintenance covenants related to the Company's interest coverage, leverage and regulatory net capital ratios with which the Company was in compliance at December 31, 2019.
(2)
On June 21, 2019, E*TRADE Securities entered into a 364-day, $600 million senior unsecured committed revolving credit facility, which replaced its 364-day senior unsecured committed revolving credit facility entered into on June 22, 2018. The senior unsecured committed revolving credit facility contains certain covenants, including maintenance covenants related to E*TRADE Securities' minimum consolidated tangible net worth and regulatory net capital ratio with which the Company was in compliance at December 31, 2019.
Schedule of Corporate Debt Instruments
The following tables present the significant components of E*TRADE Financial's corporate debt (dollars in millions):
 
Face Value
 
Discount
 
Net
December 31, 2019:
 
 
 
 
 
Interest-bearing notes:
 
 
 
 
 
2.95% Senior Notes, due 2022
$
600

 
$
(3
)
 
$
597

3.80% Senior Notes, due 2027
400

 
(3
)
 
397

4.50% Senior Notes, due 2028
420

 
(4
)
 
416

Total corporate debt
$
1,420

 
$
(10
)
 
$
1,410

December 31, 2018:
 
 
 
 
 
Interest-bearing notes:
 
 
 
 
 
2.95% Senior Notes, due 2022
$
600

 
$
(4
)
 
$
596

3.80% Senior Notes, due 2027
400

 
(3
)
 
397

4.50% Senior Notes, due 2028
420

 
(4
)
 
416

Total corporate debt
$
1,420

 
$
(11
)
 
$
1,409