AMERICAN EXPRESS CO | 2013 | FY | 3


The following is a summary of investment securities as of December 31:

  2013 2012
     Gross Gross Estimated    Gross Gross Estimated
    UnrealizedUnrealized Fair  UnrealizedUnrealized Fair
Description of Securities (Millions)  CostGainsLosses Value CostGainsLosses Value
State and municipal obligations  $4,060 $54 $(79) $4,035 $4,280 $199 $(5) $4,474
U.S. Government agency obligations   3   ―   ―  3  3   ―   ―  3
U.S. Government treasury obligations   318  3  (1)  320  330  8   ―  338
Corporate debt securities   43  3   ―  46  73  6   ―  79
Mortgage-backed securities (a)  160  5  (1)  164  210  14   ―  224
Equity securities (b)  29  95   ―  124  64  232   ―  296
Foreign government bonds and obligations   272  5  (1)  276  134  15   ―  149
Other (c)  50   ―  (2)  48  51   ―   ―  51
Total  $4,935 $165 $(84) $5,016 $5,145 $474 $(5) $5,614

 


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