5. Investments

Investment Securities as of September 30,
2004 2003
*The investment in Treasury Notes includes unamortized premiums of $0.1 million as of September 30, 2004 and $0.7 million as of September 30, 2003. Premiums and discounts are amortized on a straight-line basis over the life of the investments.
Intragovernmental Securities Interest Range
Special Bonds 3.25-9.5% $ 13,329 $ 13,618
Treasury Notes * 1.62-4.25% 67 92
Treasury Bills 0.91-1.95% 30 2
Subtotal 13,426 13,712
Accrued Interest 217 229
Total Intragovernmental Securities $ 13,643 $ 13,941
Other Securities
Prudential Stock (Insurance) $ 6 $ 9
Trust Certificates (Loan Guaranty) 178 192
Total Other Securities $ 184 $ 201
Offset for Losses on Investments as of September 30,
2004 2003
Investment in Subordinate Certificates at Time of Sale $ 424 $ 425
Cumulative Reductions (238) (224)
Subtotal 186 201
Allocation of Loss Provision (8) (9)
Trust Certificates (Loan Guaranty) $ 178 $ 192