Investment Securities (Tables)

6 Months Ended

Jun. 30, 2011

	At
	June 30, 2011								December 31, 2010
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value

GE
Debt – U.S. corporate	$	1	$	0	$	0	$	1	$	1	$	0	$	0	$	1
Equity – available-for-sale		18		0		0		18		18		0		0		18
		19		0		0		19		19		0		0		19
GECS
Debt
U.S. corporate		20,818		1,809		(116)		22,511		21,233		1,576		(237)		22,572
State and municipal		3,182		120		(244)		3,058		2,961		45		(282)		2,724
Residential mortgage-
backed(a)		2,876		131		(319)		2,688		3,092		95		(378)		2,809
Commercial mortgage-backed		2,881		172		(203)		2,850		3,009		145		(230)		2,924
Asset-backed		3,853		33		(145)		3,741		3,407		16		(193)		3,230
Corporate – non-U.S.		2,810		133		(91)		2,852		2,883		116		(132)		2,867
Government – non-U.S.		2,693		88		(85)		2,696		2,242		82		(58)		2,266
U.S. government and federal
agency		3,302		62		(28)		3,336		3,358		57		(47)		3,368
Retained interests		32		16		(3)		45		55		10		(26)		39
Equity
Available-for-sale		886		224		(31)		1,079		500		213		(8)		705
Trading		475		0		0		475		417		0		0		417
		43,808		2,788		(1,265)		45,331		43,157		2,355		(1,591)		43,921
Eliminations		(10)		0		0		(10)		(2)		0		0		(2)
Total	$	43,817	$	2,788	$	(1,265)	$	45,340	$	43,174	$	2,355	$	(1,591)	$	43,938

(a) Substantially collateralized by U.S. mortgages. Of our total residential mortgage-backed securities (RMBS) portfolio at June 30, 2011, $1,657 million relates to securities issued by government sponsored entities and $1,031 million relates to securities of private label issuers. Securities issued by private label issuers are collateralized primarily by pools of individual direct mortgage loans of individual financial institutions.

Schedule of investments, by type and length in continuous loss position

	In loss position for
	Less than 12 months					12 months or more
			Gross					Gross
	Estimated		unrealized			Estimated		unrealized
(In millions)	fair value		losses		(a)	fair value		losses		(a)

June 30, 2011
Debt
U.S. corporate	$	1,341	$	(29)		$	992	$	(87)
State and municipal		322		(20)			586		(224)
Residential mortgage-backed		318		(8)			943		(311)
Commercial mortgage-backed		962		(129)			705		(74)
Asset-backed		65		(4)			882		(141)
Corporate – non-U.S.		339		(7)			788		(84)
Government – non-U.S.		1,115		(3)			129		(82)
U.S. government and federal agency		0		0			224		(28)
Retained interests		0		0			6		(3)
Equity		71		(31)			0		0
Total	$	4,533	$	(231)		$	5,255	$	(1,034)

December 31, 2010
Debt
U.S. corporate	$	2,375	$	(81)		$	1,519	$	(156)
State and municipal		949		(43)			570		(239)
Residential mortgage-backed		188		(4)			1,024		(374)
Commercial mortgage-backed		831		(104)			817		(126)
Asset-backed		113		(5)			910		(188)
Corporate – non-U.S.		448		(12)			804		(120)
Government – non-U.S.		661		(6)			107		(52)
U.S. government and federal agency		1,822		(47)			0		0
Retained interests		0		0			34		(26)
Equity		49		(8)			0		0
Total	$	7,436	$	(310)		$	5,785	$	(1,281)

(a) At June 30, 2011, other-than-temporary impairments previously recognized through other comprehensive income (OCI) on securities still held amounted to $(472) million, of which $(358) million related to RMBS. Gross unrealized losses related to those securities at June 30, 2011 amounted to $(615) million, of which $(547) million related to RMBS.

Schedule of contractual maturities

Contractual Maturities of GECS Investment in Available-for-Sale Debt Securities (Excluding Mortgage-
Backed and Asset-Backed Securities)
	Amortized		Estimated
(In millions)	cost		fair value

Due in
2011	$	2,958	$	2,985
2012-2015		7,298		7,580
2016-2020		4,730		4,922
2021 and later		17,811		18,958

Supplemental gross realized gains losses on available-for-sale investment securities

	Three months ended June 30,				Six months ended June 30,
(In millions)	2011		2010		2011		2010

GE
Gains	$	0	$	0	$	0	$	0
Losses, including impairments		0		0		0		0
Net		0		0		0		0

GECS
Gains		45		37		161		126
Losses, including impairments		(56)		(62)		(127)		(144)
Net		(11)		(25)		34		(18)
Total	$	(11)	$	(25)	$	34	$	(18)