CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2014

CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

NOTE 4 — CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

Cash and cash equivalents include cash, amounts due from banks, money-market funds, and other short-term investments with original maturities up to 90 days. Short-term investments include short-term bank placements and short-term securities purchased under resale agreements, recorded at cost, which approximates market.

The composition of cash and cash equivalents as of December 31, 2014 and 2013 is presented as follows:

	December 31,
	2014		2013
	(In thousands)
Cash and amounts due from banks	$	944,118	$	693,387
Cash equivalents:
Money market funds	—		605
Other short-term investments	95,767		201,828
Total cash and cash equivalents	$	1,039,885	$	895,820

Short-term investments were $338.7 million and $257.5 million which include interest-bearing deposits in other banks of $50.2 million and $60.3 million as of December 31, 2014 and 2013, respectively. These short-term investments have original maturities of greater than 90 days and less than one year.