Cash and Cash Equivalents

9 Months Ended

Sep. 30, 2022

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, 2022 and December 31, 2021:

(Dollars in millions)	September 30, 2022		December 31, 2021
Cash and due from banks	$	1,411	$	2,168
Interest bearing deposits with the Federal Reserve Bank	7,550		5,686
Interest bearing deposits with other institutions	4,610		5,773
Securities purchased under agreements to resell (1)	397		607
Other short-term investment securities	—		352
Total cash and cash equivalents	$	13,968	$	14,586

(1)At September 30, 2022 and December 31, 2021, securities purchased under agreements to resell were collateralized by U.S. Treasury securities and U.S. agency securities with aggregate fair values of $402 million and $620 million, respectively. None of these securities were sold or repledged as of September 30, 2022 and December 31, 2021.