eTrade 2005 Annual Report Download - page 165

Table of Contents
NOTE 13—OTHER ASSETS
Other assets consist of the following (in thousands):
December31,
2005
2004
Third party loan servicing receivable
$
79,264
$
3,806
Other investments
65,189
46,269
Unamortized debt issue costs
36,088
9,134
Prepaids
26,239
25,947
Deferred compensation plan
18,419
11,974
Servicing rights
11,026
21,513
Securities sold, collateral not delivered
9,024
53,152
Deferred tax assets
3,851
41,119
Other
96,577
42,633
Total other assets
$
345,677
$
255,547
Other Investments
The Company has made investments in low income housing tax credit partnerships (“LIHTC”), venture funds and several non-public,
venture capital-backed, high technology companies. The Company recorded no other-than-temporary impairments for 2005 and 2004
and $8.0 million for 2003, associated with these privately held equity investments. These impairments are recorded in gain on sale and
impairment of investments in the consolidated statements of income. The Company has $45.3 million in commitments in to fund LIHTC,
venture funds and joint ventures.
Securities Sold, Collateral Not Delivered
The Bank has receivables for mortgage-backed securities from third-party brokers that the Bank committed to sell, but did not deliver
to the brokers by the settlement date. The Bank was unable to deliver the securities primarily because other parties failed to deliver
similar securities to the Bank, which the Bank had committed to buy. Securities sold, collateral not delivered for the brokerage
subsidiaries are included in brokerage receivables.
NOTE 14—DEPOSITS
Deposits are summarized as follows (dollars in thousands):
Weighted-Average
Rate
Amount
Percentage
to Total
December31,
December31,
December31,
2005
2004
2005
2004
2005
2004
Sweep deposit account
0.57
%
0.40
%
$
7,733,267
$
6,167,436
48.5
%
50.1
%
Money market and savings accounts
3.17
%
1.52
%
4,635,866
3,340,936
29.1
27.2
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2006. EDGAR Online, Inc.