CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2015

Cash, Cash Equivalents, and Short-term Investments [Abstract]

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, interest-bearing deposits in other banks, and bank placements, with original maturities up to 90 days. The following table presents the composition of cash and cash equivalents as of December 31, 2015 and 2014:

($ in thousands)	December 31,
	2015		2014
Cash and amounts due from banks	$	1,177,889	$	944,118
Cash equivalents:
Interest-bearing deposits in other banks	68,000		—
Bank placements	114,998		95,767
Total cash and cash equivalents	$	1,360,887	$	1,039,885

Short-term investments include interest-bearing deposits in other banks and bank placements, with original maturities greater than 90 days and less than one year. As of December 31, 2015 and 2014, short-term investments totaled $299.9 million and $338.7 million, respectively. Included in short-term investments were interest-bearing deposits in other banks of $160.9 million and $50.2 million, as of December 31, 2015 and 2014, respectively.