Cash and Cash Equivalents

9 Months Ended

Sep. 30, 2013

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

Cash and Cash Equivalents

The following table details our cash and cash equivalents at September 30, 2013 and December 31, 2012:

(Dollars in thousands)	September 30, 2013		December 31, 2012
Cash and due from banks (1)	$	1,770,123	$	752,056
Securities purchased under agreements to resell (2)	168,026		133,357
Other short-term investment securities	4,595		123,570
Total cash and cash equivalents	$	1,942,744	$	1,008,983

(1) At September 30, 2013 and December 31, 2012, $1.2 billion and $72 million, 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 $222 million and $283 million, respectively.

(2) At September 30, 2013 and December 31, 2012, securities purchased under agreements to resell were collateralized by U.S. treasury securities and U.S. agency securities with aggregate fair values of $171 million and $136 million, respectively. None of these securities received as collateral were sold or repledged as of September 30, 2013 or December 31, 2012.