Discover 2009 Annual Report Download - page 117
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Maturities and weighted average yields of available-for-sale debt securities and held-to-maturity debt securities at
November 30, 2009 are provided in the tables below (dollars in thousands):
One Year
or
Less
After One
Year
Through
Five
Years
After
Five
Years
Through
Ten
Years
After Ten
Years Total
Available-for-sale – Amortized Cost(1)
Certificated retained interests in DCENT ................................................................ $1,065,000 $1,265,000 $ — $ — $2,330,000
Credit card asset-backed securities of other issuers.................................................. 208,827 153,550 — — 362,377
Asset-backed commercial paper notes .................................................................. 51,337 — — — 51,337
Total available-for-sale investment securities ....................................................... $1,325,164 $1,418,550 $ — $ — $2,743,714
Held-to-maturity – Amortized Cost(2)
U.S. Treasury and other government agency residential mortgage-backed securities..... $ — $ — $ — $12,929 $ 12,929
Certificated retained interests in DCENT and DCMT................................................. — 1,466,781 829,358 — 2,296,139
State and political subdivisions of states ................................................................ — — 14,505 54,048 68,553
Other debt securities .......................................................................................... 4,961 113 2,617 4,504 12,195
Total held-to-maturity investment securities.......................................................... $ 4,961 $1,466,894 $846,480 $71,481 $2,389,816
Available-for-sale – Fair Values(1)
Certificated retained interests in DCENT ................................................................ $1,055,826 $1,149,143 $ — $ — $2,204,969
Credit card asset-backed securities of other issuers.................................................. 210,034 171,671 — — 381,705
Asset-backed commercial paper notes .................................................................. 58,792 — — — 58,792
Total available-for-sale investment securities ....................................................... $1,324,652 $1,320,814 $ — $ — $2,645,466
Held-to-maturity – Fair Values(2)
U.S. Treasury and other government agency residential mortgage-backed securities..... $ — $ — $ — $13,901 $ 13,901
Certificated retained interests in DCENT and DCMT................................................. — 1,224,559 640,925 — 1,865,484
State and political subdivisions of states ................................................................ — — 14,463 47,947 62,410
Other debt securities .......................................................................................... 4,961 113 2,617 4,504 12,195
Total held-to-maturity investment securities.......................................................... $ 4,961 $1,224,672 $658,005 $66,352 $1,953,990
(1) Available-for-sale investment securities are reported at fair value.
(2) Held-to-maturity investment securities are reported at amortized cost.
One Year
or
Less
After One
Year
Through
Five
Years
After
Five
Years
Through
Ten
Years
After Ten
Years Total
Available-for-sale investment securities
Certificated retained interests in DCENT ................................................................................. 3.83% 0.00% — — 1.83%
Credit card asset-backed securities of other issuers .................................................................. 3.67% 8.30% — — 5.75%
Asset-backed commercial paper notes ................................................................................... 0.00% — — — 0.00%
Total available-for-sale investment securities ........................................................................ 3.63% 1.08% — — 2.36%
Held-to-maturity investment securities
U.S. Treasury and other government agency residential mortgage-backed securities ..................... — — — 5.52% 5.52%
Certificated retained interests in DCENT and DCMT ................................................................. — 0.00% 0.00% — 0.00%
State and political subdivisions of states ................................................................................. — — 5.03% 4.72% 4.78%
Other debt securities........................................................................................................... 1.44% 4.26% 6.80% 5.64% 4.17%
Total held-to-maturity investment securities .......................................................................... 1.44% 0.00% 0.11% 4.92% 0.19%
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