Note 12: Short-Term Borrowings
The table below shows selected information for short-term borrowings, which predominantly mature in less than 30 days. We pledge certain financial instruments that we own to collateralize repurchase agreements and other securities financings. For additional information, see the “Pledged Assets” section of Note 14.
2013 | 2012 | 2011 | ||||||||||||||
(in millions) | Amount | Rate | Amount | Rate | Amount | Rate | ||||||||||
As of December 31, | ||||||||||||||||
Federal funds purchased and securities sold | ||||||||||||||||
under agreements to repurchase | $ | 36,263 | 0.05 | % | $ | 34,973 | 0.17 | % | $ | 31,038 | 0.05 | % | ||||
Commercial paper | 5,162 | 0.18 | 4,038 | 0.27 | 3,624 | 0.23 | ||||||||||
Other short-term borrowings | 12,458 | 0.31 | 18,164 | 0.16 | 14,429 | 0.18 | ||||||||||
Total | $ | 53,883 | 0.12 | $ | 57,175 | 0.17 | $ | 49,091 | 0.10 | |||||||
Year ended December 31, | ||||||||||||||||
Average daily balance | ||||||||||||||||
Federal funds purchased and securities sold | ||||||||||||||||
under agreements to repurchase | $ | 36,227 | 0.08 | $ | 32,092 | 0.12 | $ | 34,388 | 0.11 | |||||||
Commercial paper | 4,702 | 0.25 | 4,142 | 0.26 | 4,437 | 0.26 | ||||||||||
Other short-term borrowings | 13,787 | 0.22 | 14,962 | 0.29 | 12,956 | 0.35 | ||||||||||
Total | $ | 54,716 | 0.13 | $ | 51,196 | 0.18 | $ | 51,781 | 0.18 | |||||||
Maximum month-end balance | ||||||||||||||||
Federal funds purchased and securities sold | ||||||||||||||||
under agreements to repurchase (1) | $ | 39,451 | N/A | $ | 36,327 | N/A | $ | 37,509 | N/A | |||||||
Commercial paper (2) | 5,700 | N/A | 5,036 | N/A | 6,229 | N/A | ||||||||||
Other short-term borrowings (3) | 16,564 | N/A | 18,164 | N/A | 14,429 | N/A | ||||||||||
N/A- Not applicable