Figure 3: Colonial's Other Mortgage-Backed Securities Valuations

Amortized Cost and Fair Value Determinations (Billions)

Period Ended Dec-2007
Amortized Cost: $1.72
Fair Value: $1.70

Period Ended Mar-2008
Amortized Cost: $1.72
Fair Value: $1.53

Period Ended June-2008
Amortized Cost: $1.72
Fair Value: $1.48

Period Ended Sep-2008
Amortized Cost: $1.71
Fair Value: $1.54

Period Ended Dec-2008
Amortized Cost: $1.71
Fair Value: $1.27

Period Ended Mar -2009
Amortized Cost: $1.59
Fair Value: $1.27

Period Ended June-2009
Amortized Cost: $1.60
Fair Value: $1.22

Source: OIG analysis of the Call Reports and the Purchase and Assumption Agreement for Colonial.