Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Breakdown of FHLB Advances and Other Borrowings Outstanding

The following is a breakdown of our FHLB advances and other borrowings outstanding:

	December 31, 2019				December 31, 2018
	Amount		Rate		Amount		Rate
	(Dollars in millions)
Short-term fixed rate term advances	$	3,695	1.61	%	$	2,993	2.52	%
Other short-term borrowings	470		1.64	%	251		2.87	%
Total short-term Federal Home Loan Bank advances and other borrowings	4,165				3,244
Long-term fixed rate advances (1)	650		1.45	%	150		1.53	%
Total long-term Federal Home Loan Bank advances	650				150
Total Federal Home Loan Bank advances and other borrowings	$	4,815			$	3,394

(1) Includes the current portion of fixed rate advances of $0 million and $50 million at December 31, 2019 and December 31, 2018, respectively.

Detailed Information on FHLB Advances and Other Borrowings

The following table contains detailed information on our FHLB advances and other borrowings:

	For the Years Ended December 31,
	2019			2018			2017
	(Dollars in millions)
Maximum outstanding at any month end	$	5,005		$	5,740		$	5,665
Average outstanding balance	3,064			4,713			4,590
Average remaining borrowing capacity	4,194			2,089			1,195
Weighted average interest rate	1.90		%	1.96		%	1.30		%

Maturity Dates of FHLB Advances and Other Borrowings

The following table outlines the maturity dates of our FHLB advances and other borrowings:

	December 31, 2019
	(Dollars in millions)
2020	$	4,165
2021	—
2022	—
2023	250
Thereafter	400
Total	$	4,815

Summary of Long-Term Debt, Net of Debt Issuance Costs

The following table presents long-term debt, net of debt issuance costs:

	December 31, 2019				December 31, 2018
	Amount		Interest Rate		Amount		Interest Rate
	(Dollars in millions)
Senior Notes
Senior notes, matures 2021	$	249	6.125	%	$	248	6.125%
Trust Preferred Securities
Floating Three Month LIBOR Plus:
Plus 3.25%, matures 2032	$	26	5.20	%	$	26	6.07	%
Plus 3.25%, matures 2033	$	26	5.24	%	$	26	5.69	%
Plus 3.25%, matures 2033	$	26	5.21	%	$	26	6.05	%
Plus 2.00%, matures 2035	$	26	3.99	%	$	26	4.44	%
Plus 2.00%, matures 2035	$	26	3.99	%	$	26	4.44	%
Plus 1.75%, matures 2035	$	51	3.64	%	$	51	4.54	%
Plus 1.50%, matures 2035	$	25	3.49	%	$	25	3.94	%
Plus 1.45%, matures 2037	$	25	3.34	%	$	25	4.24	%
Plus 2.50%, matures 2037	$	16	4.39	%	$	16	5.29	%
Total Trust Preferred Securities	247				247
Total other long-term debt	$	496			$	495