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Federal Funds Sold, Securities Purchased under Resale Agreements and Other Short-Term Investments
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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| Federal Funds Sold, Securities Purchased under Resale Agreements and Other Short-Term Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Federal Funds Sold, Securities Purchased under Resale Agreements and Other Short-Term Investments | The following table provides the detail of federal funds sold, securities purchased under short-term resale agreements (generally less than one year) and other short-term investments. The majority of interest-earning deposits at March 31, 2013 and December 31, 2012, were held at the Federal Reserve.
We have classified securities purchased under long-term resale agreements (generally one year or more), which totaled $10.5 billion and $9.5 billion at March 31, 2013 and December 31, 2012, respectively, in loans. For additional information on the collateral we receive from other entities under resale agreements and securities borrowings, see the “Offsetting of Resale and Repurchase Agreements and Securities Borrowing and Lending Agreements” section of Note 10.
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