Union Planters Union Planters is a Tennessee bank holding company (that is, a corporation that owns banks). (Union Planters is now part of Regions Bank.) Union Planters manages $32 billion in assets, the largest of which is its loan portfolio of $19 billion. In addition to its loan portfolio, however, like other banks it has signifi- cant debt investments. The nature of these investments varies from short-term in nature to long-term in nature. As a consequence, consistent with the requirements of accounting rules, Union Planters reports its investments in two different categoriestrading and available-for-sale. The following facts were found in a recent Union Planters annual report. (all dollars in millions) Trading account assets Securities available for sale Net income Net securities gains (losses) Gross Amortized Unrealized Cost Gains $ 275 8,209 $108 Gross Unrealized Losses $15 Fair Value $ 275 8,302 224 (9)Lets kick off the discussion of Part (a) of the case by addressing the first question. Why do you suppose Union Planters purchases investments, rather than simply making loans?What new information did you learn about your company as a result of your investment review?