AIG 2010 Annual Report Download - page 271

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:
At December 31, 2010 Counterparty Cash
(in millions) Level 1 Level 2 Level 3 Netting(a) Collateral(b) Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities $ 142 $ 7,208 $ - $ - $ - $ 7,350
Obligations of states, municipalities and Political
subdivisions 4 46,007 609 - - 46,620
Non-U.S. governments 719 14,620 5 - - 15,344
Corporate debt 8 124,088 2,262 - - 126,358
RMBS - 13,441 6,367 - - 19,808
CMBS - 2,807 3,604 - - 6,411
CDO/ABS - 2,170 4,241 - - 6,411
Total bonds available for sale 873 210,341 17,088 - - 228,302
Bond trading securities:
U.S. government and government sponsored entities 339 6,563 - - - 6,902
Obligations of states, municipalities and Political
subdivisions - 316 - - - 316
Non-U.S. governments - 125 - - - 125
Corporate debt - 912 - - - 912
RMBS - 1,837 91 - - 1,928
CMBS - 1,572 506 - - 2,078
CDO/ABS - 4,490 9,431 - - 13,921
Total bond trading securities 339 15,815 10,028 - - 26,182
Equity securities available for sale:
Common stock 3,577 61 61 - - 3,699
Preferred stock - 423 64 - - 487
Mutual funds 316 79 - - - 395
Total equity securities available for sale 3,893 563 125 - - 4,581
Equity securities trading:
Common stock 6,545 106 1 - - 6,652
Total equity securities trading 6,545 106 1 - - 6,652
Mortgage and other loans receivable - 143 - - - 143
Other invested assets(c) 12,281 1,661 7,414 - - 21,356
Unrealized gain on swaps, options and forward transactions:
Interest rate contracts 1 13,146 1,057 - - 14,204
Foreign exchange contracts 14 172 16 - - 202
Equity contracts 61 233 65 - - 359
Commodity contracts -6923 - - 92
Credit contracts - 2 377 - - 379
Other contracts 8 923 144 - - 1,075
Counterparty netting and cash collateral - - - (6,298) (4,096) (10,394)
Total unrealized gain on swaps, options and forward
transactions 84 14,545 1,682 (6,298) (4,096) 5,917
Securities purchased under agreements to resell - 1,553 - - - 1,553
Short-term investments 5,401 16,906 - - - 22,307
Separate account assets 51,607 2,825 - - - 54,432
Other assets -14 - - - 14
Total $81,023 $264,472 $36,338 $ (6,298) $ (4,096) $371,439
AIG 2010 Form 10-K 255