Charles Schwab 2011 Annual Report Download - page 88

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THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
- 60 -
Gross Gross
Amortized Unrealized Unrealized Fair
December 31, 2010 Cost Gains Losses Value
Securities available for sale:
U.S. agency residential mortgage-backed securities $ 12,879 $ 222 $ 3 $ 13,098
Non-agency residential mortgage-backed securities 1,701 3 234 1,470
Certificates of deposit 1,874 1 - 1,875
Corporate debt securities 2,261 8 1 2,268
U.S. agency notes 2,757 23 - 2,780
Asset-backed securities 2,495 9 2 2,502
Total securities available for sale $ 23,967 $ 266 $ 240 $ 23,993
Securities held to maturity:
U.S. agency residential mortgage-backed securities $ 16,722 $ 209 $ 137 $ 16,794
Other securities 1,040 14 - 1,054
Total securities held to maturity $ 17,762 $ 223 $ 137 $ 17,848
A summary of securities with unrealized losses, aggregated by category and period of continuous unrealized loss, is as
follows:
Less than 12 months
12 months or longer Total
Fair Unrealized Fair Unrealized Fair Unrealized
December 31, 2011 Value Losses Value Losses Value Losses
Securities available for sale:
U.S. agency residential mortgage-backed securities $ 5,551 $ 14 $ - $ - $ 5,551 $ 14
Non-agency residential mortgage-backed securities 121 8 746 215 867 223
Certificates of deposit 2,158 3 - - 2,158 3
Corporate debt securities 1,888 26 - - 1,888 26
Asset-backed and other securities 1,376 6 152 1 1,528 7
Total $ 11,094 $ 57 $ 898 $ 216 $ 11,992 $ 273
Securities held to maturity:
U.S. agency residential mortgage-backed securities $ 384 $ 2 $ - $ - $ 384 $ 2
Total $ 384 $ 2 $ - $ - $ 384 $ 2
Total securities with unrealized losses (1) $ 11,478 $ 59 $ 898 $ 216 $ 12,376 $ 275
(1) The number of investment positions with unrealized losses totaled 296 for securities available for sale and 3 for securities
held to maturity.