Short-Term Borrowings

12 Months Ended

Dec. 31, 2013

Short Term Borrowings Selected Data [Abstract]

Short-Term Borrowings

NOTE 7. Short-Term Borrowings

Short-term borrowings are summarized as follows:

		December 31,
		2013		2012
		(Dollars in millions)
Federal funds purchased		$	1,443	$	4
Securities sold under agreements to repurchase			463		514
Master notes			24		37
Other short-term borrowed funds			2,208		2,309
	Total	$	4,138	$	2,864

A summary of selected data related to short-term borrowings follows:

	As Of / For The Years Ended December 31,
	2013			2012			2011
	(Dollars in millions)
Maximum outstanding at any month-end during the year	$	5,196		$	4,385		$	10,473
Balance outstanding at end of year		4,138			2,864			3,566
Average outstanding during the year		4,459			3,408			5,189
Average interest rate during the year (includes derivative impact)		0.13	%		0.20	%		0.21	%
Average interest rate at end of year		0.12			0.22			0.20