Sallie Mae 2010 Annual Report Download - page 141

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5. Investments
A summary of investments and restricted investments as of December 31, 2010 and 2009 follows:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
December 31, 2010
Investments
Available-for-sale
U.S. Treasury securities and other U.S.
government agency obligations............. $ 2,595 $ — $ — $ 2,595
Other securities:
Asset-backed securities .................. 66,952 903 (47) 67,808
Municipal bonds ....................... 9,168 1,862 — 11,030
Other................................ 1,630 — (15) 1,615
Total investment securities available-for-sale ...... $80,345 $2,765 $(62) $83,048
Restricted Investments
Available-for sale
U.S. Treasury securities and other U.S.
government agency obligations ........... $36,400 $ 1 $ — $36,401
Guaranteed investment contracts ............. 19,946 — — 19,946
Total restricted investments available-for-sale .... $56,346 $ 1 $ — $56,347
Held-to-maturity
Guaranteed investment contracts ............. $ 2,788 $ — $ — $ 2,788
Total restricted investments held-to-maturity ..... $ 2,788 $ — $ — $ 2,788
F-38
SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts, unless otherwise stated)