December 31 (Dollars in millions)	2014					2013

Short-term borrowings			Amount	Average Rate(a)			Amount	Average Rate(a)
Commercial paper
U.S.		$	22,019	0.19	%	$	24,877	0.18	%
Non-U.S.			2,993	0.25			4,168	0.33
Current portion of long-term borrowings(b)(c)(f)			37,989	2.54			39,215	2.70
GE Interest Plus notes(d)			5,467	1.01			8,699	1.11
Other(c)			312				339
Total short-term borrowings		$	68,780			$	77,298

Long-term borrowings	Maturities		Amount	Average Rate(a)			Amount	Average Rate(a)
Senior unsecured notes(b)(e)	2016-2055	$	162,629	2.72	%	$	186,433	2.97	%
Subordinated notes(f)	2021-2037		4,804	3.36			4,821	3.93
Subordinated debentures(g)(h)	2066-2067		7,085	5.88			7,462	5.64
Other(c)(i)			13,473				11,563
Total long-term borrowings		$	187,991			$	210,279
Non-recourse borrowings of
consolidated securitization entities(j)	2015-2019	$	29,938	1.04		$	30,124	1.05
Bank deposits(k)		$	62,839			$	53,361
Total borrowings and bank deposits		$	349,548			$	371,062

Based on year-end balances and year-end local currency effective interest rates, including the effects from hedging.
Included $439 million and $481 million of obligations to holders of GICs at December 31, 2014 and 2013, respectively. These obligations included conditions under which certain GIC holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3. The remaining outstanding GICs will continue to be subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC’s ratings, among other things.
Included $6,017 million and $9,468 million of funding secured by real estate, aircraft and other collateral at December 31, 2014 and 2013, respectively, of which $2,312 million and $2,868 million is non-recourse to GECC at December 31, 2014 and 2013, respectively.
Entirely variable denomination floating-rate demand notes.
Included $700 million of debt at both December 31, 2014 and 2013 raised by a funding entity related to Penske Truck Leasing Co., L.P. (PTL). GECC, as co-issuer and co-guarantor of the debt, reports this amount as borrowings in its financial statements. GECC has been indemnified by the other limited partners of PTL for their proportionate share of the debt obligation. Also included $3,593 million related to Synchrony Financial. See Note 1.
Included $300 million of subordinated notes guaranteed by GE at both December 31, 2014 and 2013.
Subordinated debentures receive rating agency equity credit.
Included $2,794 million of subordinated debentures, which constitute the sole assets of trusts who have issued trust preferred securities and where GECC owns 100% of the common securities of the trusts. Obligations associated with these trusts are unconditionally guaranteed by GECC.
Included $8,245 million related to Synchrony Financial. See Note 1.
Included $7,442 million and $9,047 million of current portion of long-term borrowings at December 31, 2014 and 2013, respectively. See Note 16.
Included $10,258 million and $13,614 million of deposits in non-U.S. banks at December 31, 2014 and 2013, respectively, and $22,848 million and $18,275 million of certificates of deposits with maturities greater than one year at December 31, 2014 and 2013, respectively.

Additional information about borrowings and associated swaps can be found in Note 15.

Liquidity is affected by debt maturities and our ability to repay or refinance such debt. Long-term debt maturities over the next five years follow.

(a) Fixed and floating rate notes of $474 million contain put options with exercise dates in 2015, and which have final maturity beyond 2019.

Committed credit lines totaling $44.4 billion had been extended to us by 49 banks at year-end 2014. GECC can borrow up to $44.4 billion under these credit lines. GE can borrow up to $13.7 billion under certain of these credit lines. The GECC lines include $25.1 billion of revolving credit agreements under which we can borrow funds for periods exceeding one year. Additionally, $19.3 billion are 364-day lines that contain a term-out feature that allows us to extend the borrowings for two years from the date on which such borrowings would otherwise be due.