Capital One 2011 Annual Report Download - page 187

CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED STATEMENTS—(Continued)
available-for-sale investment securities for the periods presented. We sold approximately $9.2 billion of
investment securities, consisting predominantly of agency MBS, in 2011. We recorded a net realized gain of
$259 million on the sale of these securities.
Year Ended December 31,
(Dollars in millions) 2011 2010 2009
Gross realized investment gains ......................................... $ 259 $ 141 $ 231
Gross realized investment losses ........................................ 00 (13)
Net realized gains .................................................... $ 259 $ 141 $ 218
Total proceeds from sales .............................................. $9,169 $12,466 $13,410
Securities Pledged
As part of our liquidity management strategy, we pledge securities to secure borrowings from the Federal Home
Loan Bank (“FHLB”) and the Federal Reserve Bank. We also pledge securities to secure trust and public
deposits and for other purposes as required or permitted by law. We pledged securities with a fair value of $8.8
billion and $8.1 billion as of December 31, 2011 and 2010, respectively. The fair value of non-cash collateral
accepted related to our secured borrowing was $4 million as of December 31, 2011, none of which was sold or
repledged. We did not accept any non cash collateral as of December 31, 2010.
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