eTrade 2008 Annual Report Download - page 118
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NOTE 7—AVAILABLE-FOR-SALE MORTGAGE-BACKED AND INVESTMENT SECURITIES
The amortized cost basis and estimated fair values of available-for-sale mortgage-backed and investment
securities are shown in the following tables (dollars in thousands):
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Values
December 31, 2008:
Mortgage-backed securities:
Backed by U.S. Government sponsored and federal
agencies $10,115,865 $82,663 $ (87,715) $10,110,813
Collateralized mortgage obligations and other 920,474 14 (318,112) 602,376
Total mortgage-backed securities 11,036,339 82,677 (405,827) 10,713,189
Investment securities:
Debt securities:
Municipal bonds 100,706 1 (21,101) 79,606
Corporate bonds 25,454 14 (12,667) 12,801
Total debt securities 126,160 15 (33,768) 92,407
Publicly traded equity securities:
Corporate investments 532 285 (319) 498
Total investment securities 126,692 300 (34,087) 92,905
Total available-for-sale securities $11,163,031 $82,977 $(439,914) $10,806,094
December 31, 2007:
Mortgage-backed securities:
Backed by U.S. Government sponsored and
federal agencies $ 9,638,676 $ 86 $(308,633) $ 9,330,129
Collateralized mortgage obligations and other 1,170,360 2 (47,107) 1,123,255
Total mortgage-backed securities 10,809,036 88 (355,740) 10,453,384
Investment securities:
Debt securities:
Municipal bonds 320,521 58 (6,231) 314,348
Corporate bonds 36,557 2,134 (3,412) 35,279
Other debt securities 78,836 1 (1,546) 77,291
Total debt securities 435,914 2,193 (11,189) 426,918
Publicly traded equity securities:
Preferred stock 505,498 — (134,094) 371,404
Corporate investments 1,460 — (189) 1,271
Retained interests from securitizations 980 1,091 — 2,071
Total investment securities 943,852 3,284 (145,472) 801,664
Total available-for-sale securities $11,752,888 $ 3,372 $(501,212) $11,255,048
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