Quarterly report pursuant to Section 13 or 15(d)

Trading Assets

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Trading Assets
3 Months Ended
Mar. 31, 2012
Trading Assets [Abstract]  
Trading Assets [Text Block]

Note 4: Trading Assets

As of March 31, 2012 and December 31, 2011, trading assets were comprised of marketable debt instruments. Net losses related to trading assets still held at the reporting date were $20 million in the first quarter of 2012 (net gains of $61 million in the first quarter of 2011). Net gains on the related derivatives were $28 million in the first quarter of 2012 (net losses of $50 million in the first quarter of 2011).

 

Net gains on marketable equity securities classified as trading assets still held at April 2, 2011, excluding the impacts of the related derivatives, were $144 million in the first quarter of 2011.