AIG 2009 Annual Report Download - page 251

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents information about assets and liabilities measured at fair value on a recurring basis and
indicates the level of the fair value measurement based on the levels of the inputs used:
Counterparty Cash
(in millions) Level 1 Level 2 Level 3 Netting(a) Collateral(b) Total
At December 31, 2009
Assets:
Bonds available for sale:
U.S. government and government sponsored entities $ 146 $ 5,077 $ - $ - $ - $ 5,223
Obligations of states, municipalities and political
subdivisions 219 53,270 613 - - 54,102
Non-U.S. governments 312 64,519 753 - - 65,584
Corporate debt 10 187,337 4,768 - - 192,115
Residential mortgage-backed securities (RMBS) - 21,623 6,654 - - 28,277
Commercial mortgage-backed securities (CMBS) - 8,336 4,934 - - 13,270
Collateralized Debt Obligations/Asset Backed Securities
(CDO/ABS) - 2,167 4,724 - - 6,891
Total bonds available for sale 687 342,329 22,446 - - 365,462
Bond trading securities:
U.S. government and government sponsored entities 394 6,317 16 - - 6,727
Obligations of states, municipalities and political
subdivisions - 371 - - - 371
Non-U.S. governments 2 1,363 56 - - 1,421
Corporate debt - 5,205 121 - - 5,326
RMBS - 3,671 4 - - 3,675
CMBS - 2,152 325 - - 2,477
CDO/ABS - 4,381 6,865 - - 11,246
Total bond trading securities 396 23,460 7,387 - - 31,243
Securities lending invested collateral:(c)
Corporate debt - - 23 - - 23
RMBS -47 - - - 47
CMBS -14 5 - - 19
Total securities lending invested collateral -6128 - - 89
Equity securities available for sale:
Common stocks 7,254 9 35 - - 7,298
Preferred stocks - 760 54 - - 814
Mutual funds 1,348 56 6 - - 1,410
Total equity securities available for sale 8,602 825 95 - - 9,522
Equity securities trading:
Common stocks 1,254 104 1 - - 1,359
Mutual funds 6,460 492 7 - - 6,959
Total equity securities trading 7,714 596 8 - - 8,318
Mortgage and other loans receivable - 119 - - - 119
Other invested assets(d) 3,322 8,656 6,910 - - 18,888
Unrealized gain on swaps, options and forward transactions 123 32,617 1,761 (19,054) (6,317) 9,130
Securities purchased under agreements to resell - 2,154 - - - 2,154
Short-term investments 1,898 22,077 - - - 23,975
Separate account assets 56,165 1,984 1 - - 58,150
Other assets - 18 270 - - 288
Total $78,907 $434,896 $38,906 $ (19,054) $ (6,317) $527,338
243 AIG 2009 Form 10-K