Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Short-term Debt

The following tables present information with respect to the amounts outstanding and weighted-average interest rates of the primary components of our short-term borrowings as of and for the years ended December 31:

(Dollars in millions)	Securities Sold Under Repurchase Agreements						Other(1)
	2024			2023			2024			2023
Balance as of December 31	$	3,681		$	1,867		$	9,815		$	3,500
Average outstanding during the year	3,163			3,904			11,128			849
Weighted-average interest rate as of year-end	5.62		%	.08		%	4.77		%	3.03		%
Weighted-average interest rate during the year	4.93			.87			5.19			5.12

(1) Primarily includes FHLB and Bank Term Funding Program borrowings.

The following table presents information about these securities and the carrying value of the related repurchase agreements, including accrued interest, as of December 31, 2024.

	Securities Sold				Repurchase Agreements(1)
(In millions)	Amortized Cost		Fair Value		Amortized Cost
Term maturity(2)	$	3,588	$	3,500	$	3,505
Overnight maturity	875		861		176
Total	$	4,463	$	4,361	$	3,681

(1) Collateralized by investment securities.

(2) Maturity is greater than 90 days.