Question
The 2010 annual report of CACCo. includes the following footnote related to its marketable debt securities (all classified as trading securities): December 31, 2010 ($
The 2010 annual report of CACCo. includes the following footnote related to its marketable debt securities (all classified as trading securities):
| December 31, 2010 | ||||||||||||||
($ in millions) | Amortized Cost |
| Gross Unrealized Gains |
| Gross Unrealized Losses |
| Fair Value | ||||||||
Marketable debt securities |
|
|
|
|
|
|
| ||||||||
Mortgage-backed securities: |
|
|
|
|
|
|
| ||||||||
Agency | $ | 190,809 |
| $ | 640 |
| $ | (1,963 | ) |
| $ | 189,486 | |||
Agency-collateralized mortgage obligations | 8,296 |
| 85 |
| (51 | ) |
| 8,330 | |||||||
Commercial | 12,594 |
| 21 |
| (293 | ) |
| 12,322 | |||||||
Non-agency residential | 1,863 |
| 181 |
| (31 | ) |
| 2,013 | |||||||
Total mortgage-backed securities | 213,562 |
| 927 |
| (2,338 | ) |
| 212,151 | |||||||
U.S. Treasury and agency securities | 48,800 |
| 204 |
| (752 | ) |
| 48,252 | |||||||
Non-U.S. securities | 6,372 |
| 13 |
| (3 | ) |
| 6,382 | |||||||
Other taxable securities, substantially all asset-backed securities | 10,573 |
| 64 |
| (23 | ) |
| 10,614 | |||||||
Total taxable securities | 279,307 |
| 1,208 |
| (3,116 | ) |
| 277,399 | |||||||
Tax-exempt securities | 17,272 |
| 72 |
| (184 | ) |
| 17,160 | |||||||
Total marketable debt securities | 296,579 |
| 1,280 |
| (3,300 | ) |
| 294,559 | |||||||
Part A - What amount will CACCo. report for marketable debt securities on the balance sheet for December 31, 2010?
Part B - Calculate the net unrealized gain/loss for 2010.
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