Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2013

Short-term Debt [Abstract]

Schedule of short-term borrowings

Short-term borrowings consisted of the following:

	December 31
	2013				Rate		2012				Rate
	(dollars are in millions)
Federal funds purchased (day to day)	$	700					$	3
Securities sold under repurchase agreements(1)	12,921				0.15	%	6,817				0.15	%
Average during year			$	10,643	0.24				$	6,046	0.19
Maximum month-end balance			18,748						11,040
Commercial paper	3,379				0.22		5,022				0.27
Average during year			3,969		0.25				4,587		0.26
Maximum month-end balance			4,990						5,022
Precious metals	1,517						2,326
Other	618						765
Total short-term borrowings	$	19,135					$	14,933

⁽¹⁾ The following table presents the quarter end and average quarterly balances of securities sold under repurchase agreements:

	2013								2012
	Fourth		Third		Second		First		Fourth		Third		Second		First
	(in millions)
Quarter end balance	$	12,921	$	12,523	$	12,445	$	3,659	$	6,817	$	3,238	$	3,843	$	4,813
Average quarterly balance	14,781		11,371		8,794		7,538		5,481		5,155		5,394		8,168

Schedule of quarterly short-term borrowings

The following table presents the quarter end and average quarterly balances of securities sold under repurchase agreements:

	2013								2012
	Fourth		Third		Second		First		Fourth		Third		Second		First
	(in millions)
Quarter end balance	$	12,921	$	12,523	$	12,445	$	3,659	$	6,817	$	3,238	$	3,843	$	4,813
Average quarterly balance	14,781		11,371		8,794		7,538		5,481		5,155		5,394		8,168