Bank of America 2002 Annual Report Download - page 86

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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,
2002, 2001 and 2000 were:
Gross Gross
Amortized Unrealized Unrealized Fair
(Dollars in millions)
Cost Gains Losses Value
Available-for-sale debt securities
2002
U.S. Treasury securities and agency debentures $ 691 $ 20 $ – $ 711
Mortgage-backed securities 58,813 847 5 59,655
Foreign sovereign securities 2,235 30 103 2,162
Other taxable securities 2,691 25 38 2,678
Total taxable 64,430 922 146 65,206
Tax-exempt securities 2,824 96 4 2,916
Total $ 67,254 $ 1,018 $ 150 $ 68,122
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
Held-to-maturity debt securities
2002
Mortgage-backed securities $3$–$–$3
Foreign sovereign securities 788 10 49 749
Other taxable securities 45 4 – 49
Total taxable 836 14 49 801
Tax-exempt securities 190 10 – 200
Total $ 1,026 $ 24 $ 49 $ 1,001
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
84 BANK OF AMERICA 2002