AIG 2010 Annual Report Download - page 273

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
At December 31, 2009 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 $ 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 4,791 - - 192,138
RMBS - 21,670 6,654 - - 28,324
CMBS - 8,350 4,939 - - 13,289
CDO/ABS - 2,167 4,724 - - 6,891
Total bonds available for sale 687 342,390 22,474 - - 365,551
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
Equity securities available for sale:
Common stock 7,254 9 35 - - 7,298
Preferred stock - 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 stock 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(c) 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
Liabilities:
Policyholder contract deposits $ - $ - $ 5,214 $ - $ - $ 5,214
Securities sold under agreements to repurchase - 3,221 - - - 3,221
Securities and spot commodities sold but not yet purchased 159 871 - - - 1,030
Unrealized loss on swaps, options and forward transactions(d) 8 24,789 7,826 (19,054) (8,166) 5,403
Trust deposits and deposits due to banks and other depositors - 15 - - - 15
Federal Reserve Bank of New York Commercial Paper Funding
Facility - 2,742 - - - 2,742
Other long-term debt - 12,314 881 - - 13,195
Total $ 167 $ 43,952 $13,921 $(19,054) $(8,166)$ 30,820
(a) Represents netting of derivative exposures covered by a qualifying master netting agreement.
(b) Represents cash collateral posted and received. Securities collateral posted for derivative transactions that is reflected in Fixed maturity securities
in the Consolidated Balance Sheet, and collateral received, not reflected in the Consolidated Balance Sheet, were $1.4 billion and $109 million,
respectively, at December 31, 2010 and $1.6 billion and $289 million, respectively, at December 31, 2009.
AIG 2010 Form 10-K 257