Charles Schwab 2010 Annual Report Download - page 75

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THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
A summary of securities with unrealized losses, aggregated by category and period of continuous unrealized loss, is as follows:
-56 -
December 31, 2009
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities available for sale:
U.S. a
g
enc
y
residential mort
g
a
g
e-backed securities
$ 11,601
$ 199
$ 21
$ 11,779
Non-a
g
enc
y
residential mort
g
a
g
e-backed securities
2,46
0
—
519
1,941
U.S. a
g
enc
y
notes
2,975
4
1
2,978
Asset-backed securities
1,077
12
—
1,089
Cor
p
orate debt securities
2,368
13
1
2,380
Certificates of de
p
osit
1,95
0
3
—
1,953
Total securities available for sale
$ 22,431
$ 231
$ 542
$ 22,120
Securities held to maturity:
U.S. a
g
enc
y
residential mort
g
a
g
e-backed securities
$ 5,105
$ 36
$ 27
$ 5,114
Asset-backed securities
1,389
25
—
1,414
Cor
p
orate debt securities
345
7
—
352
Total securities held to maturit
y
$6,839
$68
$27
$6,880
Less than
12 months
12 months
or longer Total
December 31, 2010
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Securities available for sale:
U.S. a
g
enc
y
residential mort
g
a
g
e-backed securities
$707
$3
$
—
$
—
$707
$3
Non-a
g
enc
y
residential mort
g
a
g
e-backed securities
—
—
1,207
234
1,207
234
Asset-backed securities
873
2
—
—
873
2
Cor
p
orate debt securities
549
1
—
—
549
1
Total
$2,129
$6
$1,207
$234
$ 3,336
$240
Securities held to maturity:
U.S. a
g
enc
y
residential mort
g
a
g
e-backed securities
$6,880
$137
$
—
$
—
$ 6,880
$137
Total
$6,880
$137
$
—
$
—
$6,880
$137
Total securities with unrealized losses
$ 9,009
$ 143
$ 1,207
$ 234
$ 10,216
$ 377
The number of investment positions with unrealized losses totaled 178 for securities available for sale and 37 for securities held
to maturit
y
.
(1)
(1)