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Borrowed Funds (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Total Borrowed Funds
The following table shows the carrying value of total borrowed funds at December 31, 2023 (including adjustments related to accounting hedges, purchase accounting and unamortized original issuance discounts) by remaining contractual maturity:
Table 69: Borrowed Funds
In millions
2024$24,516 
202516,995 
20268,719 
20274,214 
20283,079 
2029 and thereafter15,214 
Total$72,737 
Contractual Rates and Maturity Dates of Borrowings
The following table presents the contractual rates and maturity dates of our FHLB borrowings, senior debt and subordinated debt as of December 31, 2023 and the carrying values as of December 31, 2023 and 2022.
Table 70: FHLB Borrowings, Senior Debt and Subordinated Debt
 Stated RateMaturityCarrying Value
Dollars in millions2023202320232022
Parent Company
Senior debt
1.15% - 6.88%
2024-2034$22,221 $11,374 
Subordinated debt
3.90% - 4.63%
2024-20331,544 1,524 
Junior subordinated debt6.21 %2028206 205 
Total Parent Company  23,971 13,103 
Bank
Federal Home Loan Bank borrowings (a)
5.59% - 5.99%
2024-202638,000 32,075 
Senior debt
2.50% - 6.14%
2024-20434,615 5,283 
Subordinated debt
2.70% - 5.90%
2025-20293,125 4,578 
Total Bank  45,740 41,936 
Total  $69,711 $55,039 
(a)FHLB borrowings are generally collateralized by residential mortgage loans, other mortgage-related loans and investment securities.