Capital One 1997 Annual Report Download - page 48

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Notes to Consolidated Financial Statements (continued)
(Currencies in Thousands, Except Per Share Data)
PAGE 46
Note B: Securities Available for Sale
Securities available for sale as of December 31, 1997 and 1996 were as follows:
Maturity Schedule
Market Amortized
1 Year 1–5 5–10 Over 10 Value Cost
or Less Years Years Years Totals Totals
December 31,1997
Commercial paper $187,145 $ 187,145 $ 187,145
U.S.Treasury and other U.S. government
agency obligations 400,929 $589,899 $2,506 993,334 989,707
Collateralized mortgage obligations $18,969 18,969 18,629
Mortgage backed securities 13,278 9,960 23,238 22,966
Other 330 526 19,128 19,984 20,008
$588,074 $603,507 $3,032 $48,057 $1,242,670 $1,238,455
December 31,1996
Commercial paper $ 84,297 $ 84,297 $ 84,297
U.S.Treasury and other U.S. government
agency obligations 393,583 $354,680 748,263 745,174
Collateralized mortgage obligations $20,834 20,834 20,479
Mortgage backed securities 11,607 11,607 11,849
Other 12,850 12,850 12,850
$477,880 $354,680 $45,291 $ 877,851 $ 874,649
Weighted Average Yields
1 Year 1–5 5–10 Over 10
or Less Years Years Years
December 31,1997
Commercial paper 6.05%
U.S.Treasury and other U.S. government
agency obligations 6.79 6.24% 8.69%
Collateralized mortgage obligations 6.96%
Mortgage backed securities 5.17 7.03
Other 6.03 6.39 6.22
6.55% 6.21% 8.29% 6.70%
Securities available for sale as of December 31, 1995 consisted of U.S. government agency obligations with an amortized cost of $402,250.