Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of the Total Borrowed Funds

The following table shows the carrying value of total borrowed funds at September 30, 2024 (including adjustments related to accounting hedges, purchase accounting and unamortized original issuance discounts) by remaining contractual maturity:

Table 58: Borrowed Funds

In millions
Less than 1 year	$	25,195
1 to 2 years	12,274
2 to 3 years	4,040
3 to 4 years	5,367
4 to 5 years	4,983
Over 5 years	16,210
Total	$	68,069

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 September 30, 2024, and the carrying values as of September 30, 2024 and December 31, 2023.

Table 59: FHLB Borrowings, Senior Debt and Subordinated Debt

	Stated Rate		Maturity	Carrying Value
Dollars in millions	September 30, 2024		September 30, 2024	September 30, 2024		December 31, 2023
Parent Company
Senior debt	1.15% - 6.88%		2024 - 2035	$	28,394	$	22,221
Subordinated debt	4.63	%	2033	814		1,544
Junior subordinated debt	5.85	%	2028	206		206
Total Parent Company				29,414		23,971
Bank
Federal Home Loan Bank borrowings (a)	5.07% - 5.43%		2024 - 2026	28,000		38,000
Senior debt	2.95% - 5.99%		2024 - 2043	4,098		4,615
Subordinated debt	2.70% - 5.90%		2025 - 2029	3,176		3,125
Total Bank				35,274		45,740
Total				$	64,688	$	69,711

(a)FHLB borrowings are generally collateralized by residential mortgage loans, other mortgage-related loans and investment securities.