Bank of America 2001 Annual Report Download - page 91

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BANK OF AMERICA 2001 ANNUAL REPORT
89
Note 3 Securities
The amortized cost, gross unrealized gains and losses, and fair value of available-for-sale and held-to-maturity debt securities at December 31, 2001,
2000 and 1999 were:
Gross Gross
Amortized Unrealized Unrealized Fair
(Dollars in millions)
Cost Gains Losses Value
Available-for-sale securities
2001
U.S. Treasury securities and agency debentures $ 1,271 $ 17 $ 8 $ 1,280
Mortgage-backed securities 73,546 381 826 73,101
Foreign sovereign securities 3,213 54 123 3,144
Other taxable securities 4,739 11 108 4,642
Total taxable 82,769 463 1,065 82,167
Tax-exempt securities 2,324 5 46 2,283
Total $85,093 $468 $ 1,111 $84,450
2000
U.S. Treasury securities and agency debentures $ 17,318 $ 12 $ 520 $ 16,810
Mortgage-backed securities 37,745 54 372 37,427
Foreign sovereign securities 4,252 7 108 4,151
Other taxable securities 4,786 6 104 4,688
Total taxable 64,101 79 1,104 63,076
Tax-exempt securities 1,541 43 9 1,575
Total $65,642 $ 122 $ 1,113 $ 64,651
1999
U.S. Treasury securities and agency debentures $30,085 $ – $1,800 $28,285
Mortgage-backed securities 43,673 21 1,709 41,985
Foreign sovereign securities 4,607 16 256 4,367
Other taxable securities 4,985 – 29 4,956
Total taxable 83,350 37 3,794 79,593
Tax-exempt securities 2,135 21 102 2,054
Total $85,485 $ 58 $3,896 $ 81,647
Gross Gross
Amortized Unrealized Unrealized Fair
(Dollars in millions)
Cost Gains Losses Value
Held-to-maturity securities
2001
U.S. Treasury securities and agency debentures $5 $– $–$5
Mortgage-backed securities 5––5
Foreign sovereign securities 797 5 54 748
Other taxable securities 26 1 – 27
Total taxable 833 6 54 785
Tax-exempt securities 216 9 1 224
Total $ 1,049 $ 15 $ 55 $ 1,009
2000
U.S. Treasury securities and agency debentures $ 39 $ – $ – $ 39
Mortgage-backed securities 66 – – 66
Foreign sovereign securities 800 5 69 736
Other taxable securities 27 – – 27
Total taxable 932 5 69 868
Tax-exempt securities 255 11 1 265
Total $ 1,187 $ 16 $ 70 $ 1,133
1999
U.S. Treasury securities and agency debentures $ 87 $ – $ – $ 87
Mortgage-backed securities 106 – – 106
Foreign sovereign securities 902 – 157 745
Other taxable securities 26 – 2 24
Total taxable 1,121 – 159 962
Tax-exempt securities 301 11 4 308
Total $ 1,422 $ 11 $ 163 $ 1,270