Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Restricted Cash (Tables)

v3.20.2
Cash, Cash Equivalents and Restricted Cash (Tables)
 6 Months Ended
Jun. 30, 2020
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]  
Schedule of Restricted Cash and Cash Equivalents
The following table presents the Company’s restricted cash balances as of June 30, 2020 and December 31, 2019:
(in thousands) June 30,
2020		 December 31,
2019
Restricted cash balances held by trading counterparties:
For securities and loan trading activity $ 45,150    $ 45,050   
For derivatives trading activity 25,406    94,570   
As restricted collateral for repurchase agreements and Federal Home Loan Bank advances
 364,028    919,010   
Total restricted cash balances held by trading counterparties 434,584    1,058,630   
Restricted cash balance pursuant to letter of credit on office lease 60    60   
Total $ 434,644    $ 1,058,690   
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Company’s condensed consolidated balance sheets as of June 30, 2020 and December 31, 2019 that sum to the total of the same such amounts shown in the statements of cash flows:
(in thousands) June 30,
2020		 December 31,
2019
Cash and cash equivalents $ 1,615,639    $ 558,136   
Restricted cash 434,644    1,058,690   
Total cash, cash equivalents and restricted cash $ 2,050,283    $ 1,616,826