STI 2018 Annual Report

Notes to Consolidated Financial Statements, continued 125 NOTE 13 - BORROWINGS AND CONTRACTUAL COMMITMENTS Short-term Borrowings Short-term borrowings at December 31 consisted of the following: 2018 2017 (Dollars in millions) Balance Interest Rate Balance Interest Rate Funds purchased $2,141 2.40% $2,561 1.33% Securities sold under agreements to repurchase 1,774 2.58 1,503 1.39 Other short-term borrowings: FHLB advances 4,000 2.53 — Dealer collateral 503 2.40 367 1.33 Master notes 354 1.40 350 0.66 Total other short-term borrowings 4,857 2.44 717 1.00 Total short-term borrowings $8,772 2.46% $4,781 1.30% Long-term Debt Long-term debt at December 31 consisted of the following: 2018 2017 (Dollars in millions) Maturity Date(s) Interest Rate(s) Balance Balance Parent Company: Senior, fixed rate 2019 - 2028 2.50% - 6.00% $3,467 $3,353 Senior, floating rate 2019 2.69 51 51 Subordinated, fixed rate 2026 6.00 200 200 Junior subordinated, floating rate 2027 - 2028 3.29 - 3.44 627 628 Structured notes 1 2019 - 2026 200 242 Total 4,545 4,474 Less: Debt issuance costs 9 8 Total Parent Company debt 4,536 4,466 Subsidiaries 2 : Senior, fixed rate 3 2019 - 2058 0.69 - 9.55 6,238 3,609 Senior, floating rate 2020 - 2043 1.04 - 3.15 1,085 512 Senior, fixed-to-floating rate 2021 - 2024 2.59 - 3.69 2,364 — Subordinated, fixed rate 2020 - 2026 3.30 - 5.40 864 1,206 Total 10,551 5,327 Less: Debt issuance costs 15 8 Total subsidiaries debt 10,536 5,319 Total long-term debt 4 $15,072 $9,785 1 Consists of notes with various terms that include fixed or floating interest, or returns that are linked to an equity index. 2 82% and 77% of total subsidiary debt was issued by the Bank as of December 31, 2018 and 2017, respectively. 3 Includes leases and other obligations that do not have a stated interest rate. 4 Includes $289 million and $530 million of long-term debt measured at fair value at December 31, 2018 and 2017, respectively.