HSBC 2010 Annual Report Download - page 329

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327
Overview Operating & Financial Review Governance Financial Statements Shareholder Information
Carrying amount and fair value of financial investments
2010 2009
Carrying
amount
Fair
value
Carrying
amount
Fair
value
US$m US$m US$m US$m
Treasury and other eligible bills ................................................... 57,129 57,129 58,434 58,434
available for sale .................................................................. 57,016 57,016 58,333 58,333
held to maturity .................................................................... 113 113 101 101
Debt securities .............................................................................. 335,643 336,632 301,600 302,171
available for sale .................................................................. 316,257 316,257 284,074 284,074
held to maturity .................................................................... 19,386 20,375 17,526 18,097
Equity securities ........................................................................... 7,983 7,983 9,124 9,124
available for sale .................................................................. 7,983 7,983 9,124 9,124
Total financial investments ........................................................... 400,755 401,744 369,158 369,729
Financial investments at amortised cost and fair value
Amortised
cost
Fair
value1
US$m US$m
At 31 December 2010
US Treasury .............................................................................................................................................. 37,380 37,255
US Government agencies2 ........................................................................................................................ 20,895 21,339
US Government sponsored entities2 ......................................................................................................... 5,029 5,267
UK Government ........................................................................................................................................ 31,069 31,815
Hong Kong Government .......................................................................................................................... 29,770 29,793
Other government ..................................................................................................................................... 108,947 109,806
Asset-backed securities3 ........................................................................................................................... 39,845 33,175
Corporate debt and other securities .......................................................................................................... 124,704 125,311
Equities ..................................................................................................................................................... 5,605 7,983
403,244 401,744
At 31 December 2009
US Treasury .............................................................................................................................................. 17,650 17,635
US Government agencies2 ........................................................................................................................ 12,539 12,804
US Government sponsored entities2 ......................................................................................................... 4,885 4,924
UK Government ........................................................................................................................................ 9,653 9,782
Hong Kong Government .......................................................................................................................... 37,747 37,763
Other government ..................................................................................................................................... 87,122 87,881
Asset-backed securities3 ........................................................................................................................... 48,500 34,914
Corporate debt and other securities .......................................................................................................... 153,639 154,902
Equities ..................................................................................................................................................... 7,051 9,124
378,786 369,729
At 31 December 2008
US Treasury .............................................................................................................................................. 11,528 11,755
US Government agencies2 ........................................................................................................................ 8,131 8,307
US Government sponsored entities2 ......................................................................................................... 15,109 15,240
UK Government ........................................................................................................................................ 16,077 16,217
Hong Kong Government .......................................................................................................................... 966 989
Other government ..................................................................................................................................... 60,755 61,528
Asset-backed securities3 ........................................................................................................................... 55,685 36,052
Corporate debt and other securities .......................................................................................................... 145,269 143,940
Equities ..................................................................................................................................................... 5,901 7,251
319,421 301,279
1 Included within the above figures are debt securities issued by banks and other financial institutions of US$99,733m (2009:
US$133,256m; 2008: US$140,878m), of which US$38,862m (2009: US$55,324m; 2008: US$39,213m) are guaranteed by various
governments. The fair value of the debt securities issued by banks and other financial institutions was US$100,070m (2009:
US$133,461m; 2008: US$141,526m).
2 Includes securities that are supported by an explicit guarantee issued by the US Government.
3 Excludes asset-backed securities included under US Government agencies and sponsored entities.