Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2013

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

Cash and Cash Equivalents

The following table details our cash and cash equivalents at December 31, 2013 and December 31, 2012:

(Dollars in thousands)	December 31, 2013		December 31, 2012
Cash and due from banks (1)	$	1,349,688	$	752,056
Securities purchased under agreements to resell (2)	172,989		133,357
Other short-term investment securities	16,102		123,570
Total cash and cash equivalents	$	1,538,779	$	1,008,983

(1) At December 31, 2013 and 2012, $715 million and $72 million, respectively, of our cash and due from banks was deposited at the FRB and was earning interest at the Federal Funds target rate, and interest-earning deposits in other financial institutions were $300 million and $283 million, respectively.

(2) At December 31, 2013 and 2012, securities purchased under agreements to resell were collateralized by U.S. Treasury securities and U.S. agency securities with aggregate fair values of $176 million and $136 million, respectively. None of these securities received as collateral were sold or repledged as of December 31, 2013 and 2012.

Additional information regarding our securities purchased under agreements to resell for 2013 and 2012 is as follows:

	Year Ended December 31,
(Dollars in thousands)	2013		2012
Average securities purchased under agreements to resell	$	96,309	$	131,287
Maximum amount outstanding at any month-end during the year	338,687		266,534