HELD-TO-MATURITY SECURITIES

12 Months Ended

Dec. 31, 2010

HELD-TO-MATURITY SECURITIES

The amortized cost and corresponding fair value of held-to-maturity securities were as follows:

	12/31/2010								12/31/2009
	Amortized cost		Unrealized				Fair value		Amortized cost		Unrealized				Fair value
			Gains		Losses						Gains		Losses
Brazilian federal government securities		2,099		569		-		2,668		1,273		299		-		1,572
Brazilian government external debt securities		226		28		-		254		238		42		-		280
Government debt securities – other countries		16		-		-		16		17		-		-		17
Corporate debt securities		165		7		-		172		234		21		-		255
TOTAL		2,506		604		-		3,110		1,762		362		-		2,124

The amortized cost and fair value of held-to-maturity securities, by maturity, were as follows:

	12/31/2010
	Amortized cost		Fair value
Due within one year		283		288
From 1 to 5 years		343		383
From 5 to 10 years		61		308
After 10 years		1,819		2,131
TOTAL		2,506		3,110

We have no held-to-maturity securities that have been in a continuous unrealized loss position for over 12 months as of December 31, 2010 and 2009.