eTrade 2005 Annual Report Download - page 93

Table of Contents
The following table shows the scheduled maturities, carrying values and current yields for the Bank’s available-for-sale and trading
investment portfolio at December31, 2005 (dollars in thousands):
After One But Within
Five Years
After Five But Within
Ten Years
After Ten Years
Total
Balance
Due
Weighted-
Average
Yield
Balance
Due
Weighted-
Average
Yield
Balance
Due
Weighted-
Average
Yield
Balance
Due
Weighted-
Average
Yield
Mortgage-backed securities:
Federal National Mortgage
Association
$
582,879
5.04
%
$
914,382
5.04
%
$
5,843,035
5.04
%
$
7,340,296
5.04
%
Federal Home Loan
Mortgage Corporation
5,803
4.50
%
8,886
4.50
%
5,065
4.50
%
19,754
4.50
%
Government National
Mortgage Association
156,182
5.11
%
245,830
5.11
%
1,761,682
5.11
%
2,163,694
5.11
%
Collateralized mortgage
obligations and other
83,465
4.93
%
130,242
4.93
%
782,451
4.93
%
996,158
4.93
%
Total mortgage-backed
securities
828,329
1,299,340
8,392,233
10,519,902
Investment securities:
Asset-backed securities
96,744
5.38
%
154,116
5.38
%
1,104,343
5.38
%
1,355,203
5.38
%
Municipal bonds
(1)
32,204
4.47
%
49,243
4.47
%
79,209
4.47
%
160,656
4.47
%
Corporate debt
8,672
5.24
%
13,729
5.24
%
50,631
5.24
%
73,032
5.24
%
Other debt securities
42,857
4.38
%
26,537
4.38
%
—
N/A
69,394
4.38
%
Publicly traded equity
securities
(2)
—
N/A
—
N/A
290,240
5.20
%
290,240
5.20
%
Total investment securities
180,477
243,625
1,524,423
1,948,525
Trading securities
5,469
8.50
%
10,035
8.50
%
108,266
8.50
%
123,770
8.50
%
Total available-for-sale and
trading securities
$
1,014,275
$
1,553,000
$
10,024,922
$
12,592,197
(1)
Yields on tax-exempt obligations are computed on a tax-equivalent basis.
(2 )
Preferred stock in Freddie Mac and Fannie Mae, no stated maturity date
Deposits and Other Sources of Funds
In 2003, we introduced the SDA. The SDA is a sweep product that transfers brokerage customer balances, previously held in money
market funds not on our balance sheet, to the Bank. The Bank carries these balances as customer deposits in FDIC-insured money
market accounts.
The Balance Sheet Overview begins on page 37 and Note 14 to the Consolidated Financial Statements provide additional information
about the Bank’s deposits, including the range of interest rates paid on deposits and scheduled maturities of certificates of deposits,
including certificates of deposits of $100,000 or more.
Borrowings
Deposits represent a significant component of our current funds. In addition, we borrow from the FHLB and sell securities under
repurchase agreements.

2006. EDGAR Online, Inc.