Discover 2011 Annual Report Download - page 115
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103
The amortized cost, gross unrealized gains and losses, and fair value of available-for-sale and held-to-maturity
investment securities are as follows (dollars in thousands):
At November 30, 2011
Available-for-Sale Investment Securities(1)
U.S Treasury securities
U.S government agency securities
Credit card asset-backed securities of other issuers
Corporate debt securities
Total available-for-sale investment securities
Held-to-Maturity Investment Securities(2)
U.S. Treasury securities(3)
States and political subdivisions of states
Residential mortgage-backed securities
To-be-announced investment securities
Total held-to-maturity investment securities
At November 30, 2010
Available-for-Sale Investment Securities(1)
U.S Treasury securities
U.S government agency securities
Credit card asset-backed securities of other issuers
Corporate debt securities
Equity securities
Total available-for-sale investment securities
Held-to-Maturity Investment Securities(2)
U.S. Treasury securities(3)
States and political subdivisions of states
Residential mortgage-backed securities
Other debt securities(4)
Total held-to-maturity investment securities
Amortized
Cost
$ 2,516,008
2,762,265
293,231
448,423
$ 6,019,927
$ 550
40,936
6,482
50,254
$ 98,222
$ 1,576,094
1,888,909
1,017,183
507,757
15
$ 4,989,958
$ 550
51,774
9,800
10,692
$ 72,816
Gross
Unrealized
Gains
$ 47,242
34,166
6,658
1,066
$ 89,132
$—
197
650
—
$ 847
$ 344
1,090
13,983
241
2
$ 15,660
$—
281
869
—
$ 1,150
Gross
Unrealized
Losses
$—
(1,208)
—
(20)
$(1,228)
$—
(2,823)
—
(204)
$(3,027)
$(1,585)
(1,298)
(54)
(102)
—
$(3,039)
$—
(3,771)
—
—
$(3,771)
Fair Value
$ 2,563,250
2,795,223
299,889
449,469
$ 6,107,831
$ 550
38,310
7,132
50,050
$ 96,042
$ 1,574,853
1,888,701
1,031,112
507,896
17
$ 5,002,579
$ 550
48,284
10,669
10,692
$ 70,195
(1) Available-for-sale investment securities are reported at fair value.
(2) Held-to-maturity investment securities are reported at amortized cost.
(3) Amount represents securities pledged as collateral to a government-related merchant for which transaction settlement occurs beyond the normal 24-hour
period.
(4) Included in other debt securities at November 30, 2010 are commercial advances of $7.9 million related to the Company’s Community Reinvestment
Act strategies. During the year ended November 30, 2011, commercial advances and other Community Reinvestment Act related loan funds were
reclassified to be included in Other Consumer Loans within the statement of financial condition.
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