Cash and Cash Equivalents (Tables)

3 Months Ended

Mar. 31, 2021

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The following table details our cash and cash equivalents at March 31, 2021 and December 31, 2020:

(Dollars in thousands)	March 31, 2021		December 31, 2020
Cash and due from banks (1)	$	20,966,421	$	17,447,916
Securities purchased under agreements to resell (2)	288,438		226,847
Total cash and cash equivalents	$	21,254,859	$	17,674,763

(1)At March 31, 2021 and December 31, 2020, $16.6 billion and $13.7 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 $3.4 billion and $3.0 billion, respectively.

(2)At March 31, 2021 and December 31, 2020, securities purchased under agreements to resell were collateralized by U.S. Treasury securities and U.S. agency securities with aggregate fair values of $294.5 million and $232.2 million, respectively. None of these securities were sold or repledged as of March 31, 2021 and December 31, 2020.