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SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL
12 Months Ended
Dec. 31, 2020
Securities Purchased Under Agreements To Resell [Abstract]  
SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL

5. SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL

The Company regularly enters into agreements for the purchase of securities with simultaneous agreements to resell (resell agreements).  The agreements permit the Company to sell or repledge these securities.  Resell agreements were $1.7 billion and $1.6 billion at December 31, 2020 and 2019, respectively.  The Company obtains possession of collateral with a market value equal to or in excess of the principal amount loaned under resell agreements.