Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Short-term Debt

A summary of short-term borrowings for the years 2021, 2020 and 2019 is presented in the following table:

Table 8.10.1

SHORT-TERM BORROWINGS

(Dollars in millions)	Trading Liabilities			Federal Funds Purchased			Securities Sold Under Agreements to Repurchase			Other Short-term Borrowings
2021
Average balance	$	540		$	949		$	1,235		$	124
Year-end balance	426			775			1,247			102
Maximum month-end outstanding	685			1,037			1,615			146
Average rate for the year	1.11		%	0.12		%	0.30		%	0.09		%
Average rate at year-end	1.62		%	0.10		%	0.11		%	0.08		%
2020
Average balance	$	457		$	862		$	1,109		$	626
Year-end balance	353			845			1,187			166
Maximum month-end outstanding	983			1,487			1,661			4,061
Average rate for the year	1.24		%	0.34		%	0.50		%	0.84		%
Average rate at year-end	0.77		%	0.10		%	0.26		%	0.09		%
2019
Average balance	$	503		$	738		$	701		$	538
Year-end balance	506			548			717			2,253
Maximum month-end outstanding	754			1,282			772			2,276
Average rate for the year	2.48		%	2.08		%	2.07		%	2.10		%
Average rate at year-end	2.07		%	1.55		%	1.72		%	2.14		%