Investment Securities (Tables)

3 Months Ended

Mar. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Investments

	At
	March 31, 2012								December 31, 2011
			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	$	0	$	0	$	0	$	0
Equity – available-for-sale		17		0		0		17		18		0		0		18
		18		0		0		18		18		0		0		18
GECC
Debt
U.S. corporate		20,758		3,236		(279)		23,715		20,748		3,432		(410)		23,770
State and municipal		3,179		385		(120)		3,444		3,027		350		(143)		3,234
Residential mortgage-
backed(a)		2,555		175		(220)		2,510		2,711		184		(286)		2,609
Commercial mortgage-backed		2,989		169		(177)		2,981		2,913		162		(247)		2,828
Asset-backed		5,376		76		(133)		5,319		5,102		32		(164)		4,970
Corporate – non-U.S.		2,514		142		(136)		2,520		2,414		126		(207)		2,333
Government – non-U.S.		2,171		125		(23)		2,273		2,488		129		(86)		2,531
U.S. government and federal
agency		4,073		77		(1)		4,149		3,974		84		0		4,058
Retained interests		28		6		0		34		25		10		0		35
Equity
Available-for-sale		530		105		(16)		619		713		75		(38)		750
Trading		250		0		0		250		241		0		0		241
		44,423		4,496		(1,105)		47,814		44,356		4,584		(1,581)		47,359
Eliminations		(3)		0		0		(3)		(3)		0		0		(3)
Total	$	44,438	$	4,496	$	(1,105)	$	47,829	$	44,371	$	4,584	$	(1,581)	$	47,374

(a)Substantially collateralized by U.S. mortgages. Of our total residential mortgage-backed securities (RMBS) portfolio at March 31, 2012, $1,607 million relates to securities issued by government-sponsored entities and $903 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 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)
March 31, 2012
Debt
U.S. corporate	$	922	$	(155)		$	732	$	(124)
State and municipal		136		(2)			252		(118)
Residential mortgage-backed		68		0			804		(220)
Commercial mortgage-backed		165		(11)			1,111		(166)
Asset-backed		70		(2)			795		(131)
Corporate – non-U.S.		255		(10)			621		(126)
Government – non-U.S.		508		(2)			184		(21)
U.S. government and federal agency		231		(1)			0		0
Retained interests		5		0			0		0
Equity		87		(15)			7		(1)
Total	$	2,447	$	(198)		$	4,506	$	(907)
December 31, 2011
Debt
U.S. corporate	$	1,435	$	(241)		$	836	$	(169)
State and municipal		87		(1)			307		(142)
Residential mortgage-backed		219		(9)			825		(277)
Commercial mortgage-backed		244		(23)			1,320		(224)
Asset-backed		100		(7)			850		(157)
Corporate – non-U.S.		330		(28)			607		(179)
Government – non-U.S.		906		(5)			203		(81)
U.S. government and federal agency		502		0			0		0
Retained interests		0		0			0		0
Equity		440		(38)			0		0
Total	$	4,263	$	(352)		$	4,948	$	(1,229)

• Includes gross unrealized losses at March 31, 2012 of $(195) million related to securities that had other-than-temporary impairments recognized in a prior period.

Schedule of contractual maturities

Contractual Maturities of GECC Investment in Available-for-Sale Debt Securities (Excluding Mortgage-
Backed and Asset-Backed Securities)
	Amortized		Estimated
(In millions)	cost		fair value
Due in
2012	$	2,717	$	2,748
2013-2016		7,832		7,925
2017-2021		4,373		4,730
2022 and later		17,766		20,691

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

	Three months ended March 31
(In millions)	2012		2011
GE
Gains	$	0	$	0
Losses, including impairments		0		0
Net		0		0
GECC
Gains		38		116
Losses, including impairments		(70)	$	(71)
Net		(32)		45
Total	$	(32)	$	45