Capital One 2003 Annual Report Download - page 91

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During the third quarter 2002, the Company expensed $38.8 million ($24.1 million after taxes) related to early
termination of leases, unused facility capacity, and accelerated depreciation of related fixed assets. The Company
allocated $32.8 million of these expenses to the U.S. Card segment, $1.6 million to the Other category, $1.1
million to the Auto Finance segment and $3.3 million to the Global Financial Services segment.
Note C
Securities Available for Sale
Securities available for sale as of December 31, 2003, 2002 and 2001 were as follows:
Maturity Schedule
1Year
or Less
1–5
Years
5–10
Years
Over 10
Years
Market
Value
Totals
Amortized
Cost
Totals
December 31, 2003
U.S. Treasury and other U.S.
government agency
obligations $ 792,926 $1,066,342 $1,082,814 $ — $2,942,082 $2,920,310
Collateralized mortgage
obligations 270,637 1,681,920 10,718 — 1,963,275 1,958,782
Mortgage backed securities 24,676 851,237 — — 875,913 871,062
Other 3,958 507 — 80,893 85,358 81,710
Total $1,092,197 $3,600,006 $1,093,532 $ 80,893 $5,866,628 $5,831,864
December 31, 2002
U.S. Treasury and other U.S.
government agency
obligations $ 613,404 $1,287,246 $ 669,339 $ — $2,569,989 $2,522,429
Collateralized mortgage
obligations 492,163 897,547 10,929 — 1,400,639 1,373,759
Mortgage backed securities — 420,726 — — 420,726 414,822
Other 3,180 540 1,976 26,627 32,323 32,452
Total $1,108,747 $2,606,059 $ 682,244 $ 26,627 $4,423,677 $4,343,462
December 31, 2001
U.S. Treasury and other U.S.
government agency
obligations $ 256,548 $ 748,224 $ 800,184 $ — $1,804,956 $1,796,033
Collateralized mortgage
obligations — — 19,814 616,863 636,677 628,897
Mortgage backed securities — — 8,536 640,171 648,707 662,098
Other 1,092 424 244 23,791 25,551 25,678
Total $ 257,640 $ 748,648 $ 828,778 $1,280,825 $3,115,891 $3,112,706
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