Cash and Cash Equivalents (Tables)

9 Months Ended

Sep. 30, 2019

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The following table details our cash and cash equivalents at September 30, 2019 and December 31, 2018:

(Dollars in thousands)	September 30, 2019		December 31, 2018
Cash and due from banks (1)	$	6,557,085	$	3,444,971
Securities purchased under agreements to resell (2)	387,119		123,611
Other short-term investment securities	1,992		2,957
Total cash and cash equivalents	$	6,946,196	$	3,571,539

(1) At September 30, 2019 and December 31, 2018, $4.1 billion and $1.7 billion, respectively, of our cash and due from banks was deposited at the Federal Reserve Bank and was earning interest at the Federal Funds target rate, and interest-earning deposits in other financial institutions were $1.9 billion and $1.2 billion, respectively.

(2)

At September 30, 2019 and December 31, 2018, securities purchased under agreements to resell were collateralized by U.S. Treasury securities and U.S. agency securities with aggregate fair values of $395.2 million and $126.2 million, respectively. None of these securities were sold or repledged as of September 30, 2019 and December 31, 2018.