Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Short-Term Debt [Abstract]

Summary of Short-Term Borrowings and Weighted-Average Rates

The following table summarizes short-term borrowings and weighted-average rates:

	2024				2023
($ in millions)	Amount		Rate		Amount		Rate
As of December 31:
Federal funds purchased	$	204	4.30	%	$	193	5.31	%
Other short-term borrowings	4,450		4.39		2,861		5.21
Average for the years ended December 31:
Federal funds purchased	$	207	5.21	%	$	307	4.96	%
Other short-term borrowings	3,024		5.18		5,044		4.90
Maximum month-end balance for the years ended December 31:
Federal funds purchased	$	247			$	1,143
Other short-term borrowings	5,070				7,423

Summary of Other Short-Term Borrowings

The following table presents a summary of the Bancorp’s other short-term borrowings as of December 31:

($ in millions)	2024		2023
FHLB advances	$	4,100	2,500
Securities sold under repurchase agreements	273		330
Derivative collateral	19		3
Other borrowed money	58		28
Total other short-term borrowings	$	4,450	2,861