Cash and Cash Equivalents

9 Months Ended

Sep. 30, 2020

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, 2020 and December 31, 2019:

(Dollars in thousands)	September 30, 2020		December 31, 2019
Cash and due from banks (1)	$	15,237,612	$	6,492,443
Securities purchased under agreements to resell (2)	450,164		289,340
Total cash and cash equivalents	$	15,687,776	$	6,781,783

(1)At September 30, 2020 and December 31, 2019, $11.9 billion and $3.7 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 $2.7 billion and $2.1 billion, respectively.

(2)At September 30, 2020 and December 31, 2019, securities purchased under agreements to resell were collateralized by U.S. Treasury securities and U.S. agency securities with aggregate fair values of $459.1 million and $295.3 million, respectively. None of these securities were sold or repledged as of September 30, 2020 and December 31, 2019.