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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Summary of Cash and Cash Equivalents

This table provides a summary of cash and cash equivalents as presented on the Consolidated Statements of Cash Flows as of December 31, 2020 and 2019 (in thousands):

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

Due from the FRB

 

$

3,066,928

 

 

$

1,196,212

 

Cash and due from banks

 

 

430,638

 

 

 

472,958

 

Cash and cash equivalents at end of year

 

$

3,497,566

 

 

$

1,669,170