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Securities Lending
 12 Months Ended
Dec. 31, 2019
Securities Lending [Abstract]  
SECURITIES LENDING

NOTE 5 — SECURITIES LENDING

 

The following table presents the contractual gross and net securities borrowing and lending balances and the related offsetting amount as of December 31, 2019 and 2018:

 

               Amounts not     
               offset in the     
               consolidated balance     
       Gross amounts   Net amounts   sheets but eligible     
       offset in the   included in the   for offsetting     
   Gross amounts   consolidated   consolidated   upon counterparty     
   recognized   balance sheets (1)   balance sheets   default(2)   Net amounts 
As of December 31, 2019                    
Securities borrowed  $814,331   $            —    $814,331   $814,331   $          —  
Securities loaned  $810,495   $ —    $810,495   $810,495   $ —  
As of December 31, 2018                         
Securities borrowed  $931,346   $ —    $931,346   $931,346   $ —  
Securities loaned  $930,522   $ —    $930,522   $930,522   $ —  

 

(1)Includes financial instruments subject to enforceable master netting provisions that are permitted to be offset to the extent an event of default has occurred.
(2)Includes the amount of cash collateral held/posted.