Fifth Third Bank 2010 Annual Report Download - page 100

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
98 Fifth Third Bancorp
16. SHORT-TERM BORROWINGS
Borrowings with original maturities of one year or less are
classified as short term, and include federal funds purchased and
other short-term borrowings. Federal funds purchased are excess
balances in reserve accounts held at Federal Reserve Banks that
the Bancorp purchased from other member banks on an
overnight basis. Other short-term borrowings include securities
sold under repurchase agreements, derivative collateral, FHLB
advances and other borrowings with original maturities of one
year or less.
A summary of short-term borrowings and weighted-average
rates follows:
2010 2009
($ in millions) Amount Rate Amount Rate
A
s of December 31:
Federal funds purchased $279 0.18% $182 0.11%
Other short-term borrowings 1,574 0.14 1,415 0.16
A
verage for the years ended December 31:
Federal funds purchased $291 0.17% $517 0.20%
Other short-term borrowings 1,635 0.21 6,463 0.64
Maximum month-end balance for the years ended December 31:
Federal funds purchased $422 $1,160
Other short-term borrowings 1,975 11,076