eTrade 2005 Annual Report Download - page 136

Table of Contents
NOTE 6—AVAILABLE-FOR-SALE MORTGAGE-BACKED AND INVESTMENT SECURITIES
The amortized cost basis and estimated fair values of available-for-sale mortgage-backed and investment securities are shown in the
following table (in thousands):
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Values
December31, 2005:
Mortgage-backed securities:
U.S. Government sponsored enterprise
obligations:
Federal National Mortgage Association
$
7,468,607
$
—
$
(199,259
)
$
7,269,348
Government National Mortgage Association
2,198,009
—
(59,739
)
2,138,270
Federal Home Loan Mortgage Corporation
21,050
—
(1,147
)
19,903
Total U.S. government sponsored enterprise
9,687,666
—
(260,145
)
9,427,521
Collateralized mortgage obligations and other
1,014,582
315
(19,006
)
995,891
Total mortgage-backed securities
10,702,248
315
(279,151
)
10,423,412
Investment securities:
Debt securities:
Asset-backed securities
1,376,315
1,811
(12,372
)
1,365,754
Municipal bonds
168,682
1,884
(882
)
169,684
Corporate bonds
74,931
—
(2,171
)
72,760
Other debt securities
78,989
—
(5,504
)
73,485
Total debt securities
1,698,917
3,695
(20,929
)
1,681,683
Publicly traded equity securities
343,392
94,679
(2,306
)
435,765
Retained interests from securitizations
22,444
1,434
—
23,878
Total investment securities
2,064,753
99,808
(23,235
)
2,141,326
Total available-for-sale securities
$
12,767,001
$
100,123
$
(302,386
)
$
12,564,738
December31, 2004:
Mortgage-backed securities:
U.S. Government sponsored enterprise
obligations:
Federal National Mortgage Association
$
5,149,991
$
203
$
(87,990
)
$
5,062,204
Government National Mortgage Association
2,767,087
349
(56,628
)
2,710,808
Federal Home Loan Mortgage Corporation
21,057
—
(862
)
20,195
Total U.S. government sponsored enterprise
7,938,135
552
(145,480
)
7,793,207
Collateralized mortgage obligations and other
1,266,736
5,008
(12,882
)
1,258,862
Total mortgage-backed securities
9,204,871
5,560
(158,362
)
9,052,069
Investment securities:
Debt securities:
Asset-backed securities
2,789,471
21,662
(14,704
)
2,796,429
Municipal bonds
136,362
1,391
(1,082
)
136,671
Corporate bonds
87,959
—
(3,444
)
84,515
Other debt securities
80,189
—
(4,767
)
75,422
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2006. EDGAR Online, Inc.