Period Effective Duration Fair Value Minus Amortized Cost AFS and
HTM Securities ($ billions)
6/30/2000 4.166 (30)
9/30/2000 3.992 (18)
12/31/2000 3.19 3
3/31/2001 3.014 13
6/30/2001 3.701 9
9/30/2001 2.673 27
12/31/2001 3.806 10
3/31/2002 4.032 4
6/30/2002 3.283 23
9/30/2002 1.9 36
12/31/2002 2 33
3/31/2003 2.199 31
6/30/2003 2.09 34
9/30/2003 3.348 17
12/31/2003 3.843 13
3/31/2004 3.229 26
6/30/2004 4.295 (14)