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NOTE 5. CORPORATE INVESTMENTS AND FUNDS HELD FOR CLIENTS
Corporate investments and funds held for clients at June 30, 2010 and 2009 are as follows:
At June 30, 2010, U.S. Treasury and direct obligations of U.S. government agencies primarily include debt directly issued by Federal
Home Loan Banks, Federal Home Loan Mortgage Corporation (“Freddie Mac”
)
and Federal National Mortgage Association (“Fannie
Mae”
)
with fair values of $2,615.5 million, $1,136.1 million and $933.6 million, respectively. At June 30, 2009, U.S. Treasury and direct
obligations of U.S. government agencies primarily include debt directly issued by Federal Home Loan Banks, Freddie Mac and
June 30, 2010
Gross
Gross
Amortized
Unrealized
Unrealized
Cost
Gains
Losses
Fair Value
Type of issue:
Money market securities and other cash
equivalents
$
5,091.1
$
-
$
-
$
5,091.1
Available
-
for
-
sale securities:
U.S. Treasury and direct obligations of
U.S. government agencies
5,631.0
280.7
(0.2
)
5,911.5
Corporate bonds
5,080.7
261.2
(9.0
)
5,332.9
Asset
-
backed securities
923.5
45.3
-
968.8
Canadian government obligations and
Canadian government agency obligations
998.6
33.9
-
1,032.5
Other securities
2,172.3
100.0
(1.0
)
2,271.3
Total available
-
for
-
sale securities
14,806.1
721.1
(10.2
)
15,517.0
Total corporate investments and funds
held for clients
$
19,897.2
$
721.1
$
(10.2
)
$
20,608.1
June 30, 2009
Gross
Gross
Amortized
Unrealized
Unrealized
Cost
Gains
Losses
Fair Value
Type of issue:
Money market securities and other cash
equivalents
$
4,077.5
$
-
$
-
$
4,077.5
Available
-
for
-
sale securities:
U.S. Treasury and direct obligations of
U.S. government agencies
5,273.0
268.3
(1.4
)
5,539.9
Corporate bonds
4,647.6
135.9
(35.3
)
4,748.2
Asset
-
backed securities
1,482.2
44.2
(4.7
)
1,521.7
Canadian government obligations and
Canadian government agency obligations
929.2
41.4
(0.1
)
970.5
Other securities
1,961.6
48.2
(59.9
)
1,949.9
Total available
-
for
-
sale securities
14,293.6
538.0
(101.4
)
14,730.2
Total corporate investments and funds
held for clients
$
18,371.1
$
538.0
$
(101.4
)
$
18,807.7