Morgan Stanley 2014 Annual Report Download - page 208

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
5. Investment Securities.
The following tables present information about the Company’s AFS securities, which are carried at fair value,
and HTM securities, which are carried at amortized cost. The net unrealized gains (losses) on AFS securities are
reported on an after-tax basis as a component of AOCI.
At December 31, 2014
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Other-than-
Temporary
Impairment
Fair
Value
(dollars in millions)
AFS debt securities:
U.S. government and agency securities:
U.S. Treasury securities ..................... $35,855 $ 42 $ 67 $— $35,830
U.S. agency securities(1) .................... 18,030 77 72 — 18,035
Total U.S. government and agency
securities .......................... 53,885 119 139 — 53,865
Corporate and other debt:
Commercial mortgage-backed securities:
Agency ................................ 2,288 1 76 — 2,213
Non-agency ............................ 1,820 11 6 — 1,825
Auto loan asset-backed securities ............. 2,433 — 5 — 2,428
Corporate bonds .......................... 3,640 10 22 — 3,628
Collateralized loan obligations ............... 1,087 — 20 — 1,067
FFELP student loan asset-backed securities(2) . . . 4,169 18 8 — 4,179
Total corporate and other debt ........... 15,437 40 137 — 15,340
Total AFS debt securities ....................... 69,322 159 276 — 69,205
AFS equity securities ........................... 15 — 4 — 11
Total AFS securities ........................... 69,337 159 280 — 69,216
HTM securities:
U.S. government securities:
U.S. Treasury securities ..................... 100 — — — 100
Total HTM securities ........................... 100 — — — 100
Total Investment securities ...................... $69,437 $159 $280 $— $69,316
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