Bank of America 2005 Annual Report Download - page 148

BANK OF AMERICA CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements—(Continued)
Note 6 – Securities
The amortized cost, gross unrealized gains and losses, and fair value of AFS debt and marketable equity securities,
and Held-to-maturity securities at December 31, 2005, 2004 and 2003 were:
(Dollars in millions) Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair Value
Available-for-sale securities
2005
U.S. Treasury securities and agency debentures ....................... $ 730 $ — $ 13 $ 717
Mortgage-backed securities ......................................... 197,101 198 5,268 192,031
Foreign securities ................................................. 10,944 1 54 10,891
Other taxable securities(1) .......................................... 13,198 126 99 13,225
Total taxable ................................................. 221,973 325 5,434 216,864
Tax-exempt securities ............................................. 4,693 31 32 4,692
Total available-for-sale securities ............................ $226,666 $356 $5,466 $221,556
Available-for-sale marketable equity securities(2) ......... $ 4,060 $305 $ 18 $ 4,347
2004
U.S. Treasury securities and agency debentures ....................... $ 826 $ — $ 1 $ 825
Mortgage-backed securities ......................................... 173,697 174 624 173,247
Foreign securities ................................................. 7,437 36 26 7,447
Other taxable securities(1) .......................................... 9,493 — 13 9,480
Total taxable ................................................. 191,453 210 664 190,999
Tax-exempt securities ............................................. 3,662 87 5 3,744
Total available-for-sale securities ............................ $ 195,115 $ 297 $ 669 $ 194,743
Available-for-sale marketable equity securities(2) ......... $ 3,571 $ 32 $ 2 $ 3,601
2003
U.S. Treasury securities and agency debentures ....................... $ 710 $ 5 $ 2 $ 713
Mortgage-backed securities ......................................... 56,403 63 575 55,891
Foreign securities ................................................. 2,816 23 38 2,801
Other taxable securities(3) .......................................... 4,765 36 69 4,732
Total taxable ................................................. 64,694 127 684 64,137
Tax-exempt securities ............................................. 2,167 79 1 2,245
Total available-for-sale securities ............................ $ 66,861 $206 $ 685 $ 66,382
Available-for-sale marketable equity securities(2) ................. $ 2,803 $394 $ 31 $ 3,166
Held-to-maturity securities
2005
Taxable securities ................................................. $4$— $—$4
Tax-exempt securities ............................................. 43 — — 43
Total held-to-maturity securities ............................. $47 $— $—$47
2004
Taxable securities ................................................. $ 41 $ 4 $ 4 $ 41
Tax-exempt securities ............................................. 289 — 1 288
Total held-to-maturity securities ............................. $ 330 $ 4 $ 5 $ 329
2003
Taxable securities ................................................. $ 96 $ 3 $ 3 $ 96
Tax-exempt securities ............................................. 151 7 — 158
Total held-to-maturity securities ............................. $ 247 $ 10 $ 3 $ 254
(1) Includes corporate debt, asset-backed securities and equity instruments.
(2) Represents those AFS marketable equity securities that are recorded in Other Assets on the Consolidated Balance Sheet.
(3) Includes corporate debt and asset-backed securities.
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