AMERICAN EXPRESS CO | 2013 | FY | 3


The following table provides information about the Company's investment securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position as of December 31:

    2013 2012
  Less than 12 months 12 months or more Less than 12 months 12 months or more
       Gross     Gross    Gross    Gross
    EstimatedUnrealizedEstimatedUnrealized EstimatedUnrealizedEstimatedUnrealized
Description of Securities (Millions) Fair ValueLossesFair ValueLosses Fair ValueLossesFair ValueLosses
State and municipal obligations $ 1,320 $ (63) $ 106 $ (16) $ 100 $ (1) $73 $(4)
Foreign government bonds and obligations   208   (1)            
U.S. Government treasury obligations   166   (1)            
Mortgage-backed securities   35   (1)            
Other   30   (1)   17   (1)        
Total $1,759 $(67) $123 $(17) $100 $(1) $73 $(4)

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