• What steps could it have taken with its investment portfolio to definitely increase reported profit? How much could it have increased profit? Why do you think it chose not to do this?

• What steps could it have taken with its investment portfolio to definitely increase reported profit? How much could it have increased profit? Why do you think it chose not to do this?

Gross

Amortized Unrealized Fair

(all in millions) Cost Gains Value

Trading account assets $ 275 - $ 275

Securities available for sales 8,209 $ 108 8,302

Net income 244

Net securities gains (losses) (9)