This excerpt taken from the SIVB 10-K filed Mar 16, 2005.
6. Securities Purchased under Agreement to Resell
Securities purchased under agreement to resell at December 31, 2004 consisted of U.S. Treasury securities, U.S. agency securities, private label mortgage-backed securities, which are rated A or better, and commercial paper rated not less than A1, P1 or F1. Securities purchased under agreement to resell totaled $150.4 million and $540.6 million at December 31, 2004 and 2003, respectively, and averaged $395.3 million and $355.3 million in 2004 and 2003, respectively. The maximum amount outstanding at any month-end during 2004 and 2003 was $698.2 million and $548.3 million, respectively.
SILICON VALLEY BANCSHARES AND SUBSIDIARIES