SHORT-TERM BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2019

SHORT-TERM BORROWINGS

Schedule of commercial paper

Commercial paper consisted of the following as of and for the twelve months ended December 31 (dollars in thousands):

	2019			2018
Commercial paper outstanding, net of discounts	$	252,323		$	204,145
Weighted average interest rate		1.88	%		2.65	%