BORROWINGS

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

BORROWINGS

8. BORROWINGS

Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following at June 30, 2022 and December 31, 2021, respectively: 

(dollar amounts in millions)	June 30, 2022		December 31, 2021
Federal funds purchased and securities sold under agreements to repurchase	$	325	$	320
Federal Home Loan Bank advances	2,500		—
Other borrowings	223		14
Total short-term borrowings	$	3,048	$	334

Huntington’s long-term debt consisted of the following at June 30, 2022 and December 31, 2021, respectively:

(dollar amounts in millions)	June 30, 2022		December 31, 2021
The Parent Company:
Senior Notes	$	2,389	$	2,083
Subordinated Notes	1,009		1,028
Total notes issued by the parent	3,398		3,111
The Bank:
Senior Notes	3,036		2,434
Subordinated Notes	671		811
Total notes issued by the bank	3,707		3,245
FHLB Advances	213		215
Other	548		537
Total long-term debt	$	7,866	$	7,108

In May 2022, the Bank issued $500 million of senior notes at 99.8% of face value. The senior notes mature on May 16, 2025 and have a fixed coupon rate of 4.01%.

In May 2022, the Bank issued $800 million of senior notes at 99.7% of face value. The senior notes mature on May 17, 2028 and have a fixed coupon rate of 4.55%.

In May 2022, the Bank issued $300 million of senior notes at 99.8% of face value. The senior notes mature on May 16, 2025 and have a floating rate equal to SOFR plus 119 basis points resetting quarterly.

In May 2022, Huntington issued $400 million of senior notes at 100% of face value. The senior notes mature on May 17, 2033 and have a fixed coupon rate of 5.02%.