10-K 1 acc123114.htm 10-K ACC 12.31.14

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
x
ANNUAL REPORT PURSUANT TO SECTION 30 OF THE INVESTMENT COMPANY ACT OF 1940 AND SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 2014
OR
o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period from_______________________to_______________________                 
Commission File No. 811-00002
AMERIPRISE CERTIFICATE COMPANY
(Exact name of registrant as specified in its charter)
Delaware
 
41-6009975

(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
1099 Ameriprise Financial Center, Minneapolis, Minnesota
55474
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code:  (612) 671-3131 
Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes o    No x
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.     Yes o    No x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes x    No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes x    No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.      [Not applicable]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
(Check one):    Large Accelerated Filer o    Accelerated Filer o    Non-Accelerated Filer x    Smaller reporting company o
(Do not check if a smaller reporting company) 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes o    No x
Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date.
Class
 
Outstanding at February 27, 2015
Common Stock (par value $10 per share)
 
150,000 shares
All outstanding shares of the registrant are directly owned by Ameriprise Financial, Inc.
THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS (I)(1)(a) AND (b) OF FORM 10-K AND IS THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT.
 



AMERIPRISE CERTIFICATE COMPANY
FORM 10-K

TABLE OF CONTENTS
Item No.
 
Page
PART I
 
1.
Business
1A.
Risk Factors
1B.
Unresolved Staff Comments
2.
Properties
3.
Legal Proceedings
4.
Mine Safety Disclosures
PART II
5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
6.
Selected Financial Data
7.
Management’s Narrative Analysis
7A.
Quantitative and Qualitative Disclosures About Market Risk
8.
Financial Statements and Supplementary Data
9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
9A.
Controls and Procedures
9B.
Other Information
PART III
10.
Directors, Executive Officers and Corporate Governance
11.
Executive Compensation
12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
13.
Certain Relationships and Related Transactions, and Director Independence
14.
Principal Accounting Fees and Services
PART IV
15.
Exhibits and Financial Statement Schedules
 
Signatures
 
Index to Financial Statements and Schedules
 
Exhibit Index


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PART I
Item 1.  Business
Overview
Ameriprise Certificate Company (“ACC”) was incorporated on October 28, 1977 under the laws of Delaware. Ameriprise Financial, Inc. (“Ameriprise Financial”), a Delaware corporation, owns 100% of the outstanding voting securities of ACC. Ameriprise Financial and its predecessor companies have more than 120 years of history providing clients with financial solutions.
ACC is registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”) and is in the business of issuing face-amount investment certificates. Face-amount certificates issued by ACC entitle the certificate owner to receive at maturity a stated amount of money and interest or credits declared from time to time by ACC, at its discretion. ACC’s certificates are distributed and sold by Ameriprise Financial Services, Inc. (“AFSI”), an affiliate of ACC. AFSI is registered as a broker-dealer in all 50 states, the District of Columbia and Puerto Rico.
To ACC’s knowledge, ACC is the largest issuer of face-amount certificates in the United States. However, ACC's certificate products compete with many other banking and investment products offered by banks, savings and loan associations, mutual funds, broker-dealers and others, which may be viewed by potential clients as offering a comparable or superior combination of safety and return on investment. In particular, some of ACC’s products are designed to be competitive with the types of investments offered by banks and thrifts. Since ACC’s face-amount certificates are securities, their offer and sale are subject to regulation under federal and state securities laws. ACC’s certificates are backed by ACC’s qualified assets on deposit and are not insured by any governmental agency or other entity.
ACC’s future profitability is dependent upon changes in the economic, credit and equity environments, as well as the competitive environment. Unaffiliated third parties offer certain competing products which have demonstrated strong appeal to investors.
Products
As of the date of this report, ACC offers the following five different certificate products to the public:
1.
Ameriprise Cash Reserve Certificate
•
Single payment certificate that permits additional payments and on which ACC guarantees interest rates in advance for a three month term.
•
Currently sold without a sales charge.
•
Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans.
•
Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes.
•
ACC refers to an independent index or source to set the rates for new sales and must set the rates for an initial purchase of the certificate within a specified range of the rate from such index or source.  For renewals, ACC uses such rates as an indication of the competitors’ rates, but is not required to set rates within a specified range.
•
Non-Jumbo Deposit National Rates for 3 month CDs as published by the FDIC are used as the guide in setting rates.
•
Competes with popular short term investment and savings vehicles such as certificates of deposit, savings accounts, and money market mutual funds that offer comparable yields, liquidity and safety of principal.
•
Twenty year maturity.
2.
Ameriprise Flexible Savings Certificate
•
Single payment certificate that permits a limited amount of additional payments and on which ACC guarantees interest rates in advance for a term of three, six, seven, nine, twelve, thirteen, eighteen, twenty-four, thirty or thirty-six months, and potentially other terms, at ACC’s option.
•
Currently sold without a sales charge.
•
Currently bears surrender charges for premature surrenders.
•
Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans.
•
Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes.
•
ACC refers to an independent index or source to set the rates for new sales and must set the rates for an initial purchase of the certificate within a specified range of the rate from such index or source. For renewals, ACC uses such rates as an indication of the competitors’ rates, but is not required to set rates within a specified range.
•
Non-Jumbo Deposit National Rates as published by the FDIC are used as the guide in setting rates.
•
Competes with popular short-term investment vehicles such as certificates of deposit, money market certificates, and money market mutual funds that offer comparable yields, liquidity and safety of principal.
•
Twenty year maturity.
3.
Ameriprise Installment Certificate

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•
Installment payment certificate that declares interest rates in advance for a three-month period.
•
Currently sold without a sales charge.
•
Currently bears surrender charges for premature surrenders.
•
Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans.
•
Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes.
•
As of the date of this report, ACC has a fixed rate of 0.55% for new sales.
•
Intended to help clients save systematically and may compete with passbook savings and NOW accounts.
•
Ten year maturity.
4.
Ameriprise Market Strategy Certificate
•
Single payment certificate that also permits additional payments, with a flexible yield, that pays interest at a fixed rate or that offers the certificate product owner the opportunity to have all or part of the certificate product returns tied to fifty-two week stock market performance, up to a maximum return, as measured by a broad stock market index, for a series of fifty-two week terms starting every month or at intervals the certificate product owner selects.
•
Currently sold without a sales charge.
•
Currently bears surrender charges for premature surrenders.
•
Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans.
•
Current policy is to re-evaluate the certificate product interest crediting rates weekly and maximum return rates at least monthly to respond to marketplace changes.
•
Certain banks offer certificates of deposit that have features similar to this certificate.
•
The rate of interest is calculated in whole or in part based on any upward movement in a broad-based stock market index up to a maximum return, where the maximum is a fixed rate for a given term, but can be changed at ACC’s discretion for subsequent terms.
•
Twenty year maturity.
5.
Ameriprise Stock Market Certificate
•
Single payment certificate that offers the certificate product owner the opportunity to have all or part of the certificate product returns tied to fifty-two week stock market performance, up to a maximum return, as measured by a broad stock market index, with return of principal guaranteed by ACC. The owner can also choose to earn a fixed rate of interest after the first term.
•
Currently sold without a sales charge.
•
Currently bears surrender charges for premature surrenders.
•
Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans.
•
Current policy is to re-evaluate the certificate product interest crediting rates weekly and maximum return rates at least monthly to respond to marketplace changes.
•
Certain banks offer certificates of deposit that have features similar to this certificate.
•
The rate of interest is calculated in whole or in part based on any upward movement in a broad-based stock market index up to a maximum return, where the maximum is a fixed rate for a given term, but can be changed at ACC’s discretion for subsequent terms.
•
Fourteen term maturity.
Within the specified maturity periods, most certificates have interest crediting rate terms ranging from three to thirty-six months. Interest crediting rates are subject to change and certificate product owners can surrender their certificates without penalty at the end of a term. Currently offered ACC certificates (listed above), as well as certain certificates previously issued by ACC (not listed above), contain renewal features which enable certificate owners to renew their certificate term until certificate maturity. Accordingly, certificate products that are currently outstanding in their renewal periods or are exercised for renewal in the future are, and continue to be, liabilities of ACC until their redemption or maturity whether or not such certificates are available for new sales. ACC guarantees the return of principal, as well as interest once it has been credited, less any penalties that apply, for each of the certificates offered.
Distribution and Marketing Channels
ACC’s certificates are offered solely by AFSI and sold pursuant to a distribution agreement which is terminable on sixty days’ notice and is subject to annual approval by ACC’s Board of Directors, including a majority of the directors who are not “interested persons” of AFSI or ACC as that term is defined in the 1940 Act. The distribution agreement provides for the payment of distribution fees to AFSI for services provided.

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Asset Management
ACC has retained Columbia Management Investment Advisers, LLC (“CMIA”), a wholly owned subsidiary of Ameriprise Financial, to manage ACC’s investment portfolio under an investment management agreement, which is subject to annual review and approval by ACC’s Board of Directors, including a majority of the directors who are not “interested persons” of AFSI, CMIA or ACC. This investment management agreement with CMIA can be terminated by either party on sixty days’ written notice.
Regulation
ACC is required to maintain cash and “qualified assets” meeting the standards of Section 28(b) of the 1940 Act, as modified by an exemptive order of the Securities and Exchange Commission (“SEC”). The amortized cost of such investments must be at least equal to ACC’s net liabilities on all outstanding face-amount certificates plus $250,000. ACC’s qualified assets consist of cash equivalents, syndicated loans and commercial mortgage loans, U.S. government and government agency securities, municipal bonds, corporate bonds, common stocks, equity index options and other securities meeting specified standards. So long as ACC wishes to rely on the SEC order, as a condition to the order, ACC has agreed to maintain an amount of unappropriated retained earnings and capital equal to at least 5% of certificate reserves (less outstanding certificate loans). To the extent that payment of a dividend would decrease the capital ratio below the required 5%, payment of a dividend would be restricted. In determining compliance with this condition, qualified assets are valued in accordance with the provisions of Minnesota Statutes where such provisions are applicable.
ACC has also entered into a written understanding with the Minnesota Department of Commerce, that ACC will maintain capital equal to 5% of the assets of ACC (less outstanding certificate loans). To the extent that payment of a dividend would decrease this ratio below the required 5%, payment of a dividend would be restricted. When computing its capital for these purposes, ACC values its assets on the basis of statutory accounting for insurance companies rather than U.S. generally accepted accounting principles (“GAAP”). ACC is subject to examination and supervision by the Minnesota Department of Commerce (Banking Division).

Item 1A.  Risk Factors
ACC’s operations and financial results are subject to various risks and uncertainties, including those described below, that could have a material adverse effect on ACC’s business, financial condition or results of operations. Based on information currently known, the following information identifies the material factors affecting ACC. However, the risks and uncertainties ACC faces are not limited to those described below. Additional risks and uncertainties which are not presently known or which are currently believed to be immaterial may also adversely affect ACC’s business.
Risks Relating to ACC’s Business
ACC’s financial condition and results of operations may be adversely affected by market fluctuations and by economic, political and other factors.
ACC’s financial condition and results of operations may be materially affected by market fluctuations and by economic and other factors. Such factors, which can be global, national or local in nature, include: political, social, economic and market conditions; the availability and cost of capital; the level and volatility of equity prices, commodity prices and interest rates, currency values and other market indices; technological changes and events; U.S. and foreign government fiscal and tax policies; U.S. and foreign government ability, real or perceived, to avoid defaulting on government securities, the availability and cost of credit; inflation; investor sentiment and confidence in the financial markets; terrorism events and armed conflicts; and natural disasters such as weather catastrophes and widespread health emergencies. These factors also may have an impact on ACC’s ability to achieve its strategic objectives.
ACC’s financial condition and results of operations are affected by the “spread”, or the difference between the returns ACC earns on the investments that support its product obligations and the amounts that ACC must pay certificate holders.
ACC’s investment products are sensitive to interest rate fluctuations and ACC’s future costs associated with such variations may differ from its historical costs. During periods of increasing market interest rates, ACC may offer higher crediting rates on existing face-amount certificates to remain competitive with other products in the market. Because returns on invested assets may not increase as quickly as current interest rates, ACC may have to accept a lower spread and thus lower profitability or face a decline in sales and greater loss of existing certificates. In addition, increases in market interest rates may cause increased certificate surrenders as certificate holders seek to shift assets to products with perceived higher returns. This process may lead to an earlier than expected outflow of cash from ACC’s business. Also, increases in market interest rates may result in extension of certain cash flows from structured mortgage assets. Certificate withdrawals and surrenders may also require investment assets to be sold at a time when the prices of those assets are lower because of the increase in market interest rates, which may result in realized investment losses. Increases in crediting rates, as well as surrenders and withdrawals, could have an adverse effect on ACC’s financial condition and results of operations.
During periods of falling interest rates or stagnancy of low interest rates, ACC’s spread may be reduced or could become negative primarily because ACC may adjust the interest rates it credits on most of the products downward only at limited, pre-established intervals. Interest rate fluctuations also could have an adverse effect on the results of ACC’s investment portfolio. During periods of

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declining market interest rates or stagnancy of low interest rates, the interest ACC receives on variable interest rate investments decreases. In addition, during those periods, ACC is forced to reinvest the cash it receives as interest or return of principal on its investments in lower-yielding high-grade instruments or in lower-credit instruments to maintain comparable returns. Issuers of certain callable fixed income securities also may decide to prepay their obligations in order to borrow at lower market rates which increase the risk that ACC may have to invest the cash proceeds of these securities in lower-yielding or lower-credit instruments. Offsetting some of these risks is the fact that a significant portion of certificate balances do not have a minimum guaranteed interest crediting rate.
Significant downturns and volatility in equity markets may have an adverse effect on the financial condition and results of operations of ACC. Market downturns and volatility may cause, and have caused, potential new purchasers of ACC’s products to refrain from purchasing or to purchase fewer ACC certificate products. Additionally, downturns and volatility in financial markets can have, and have had, an adverse effect on the performance of ACC’s investment portfolio.
For additional information regarding the sensitivity of the fixed income securities in ACC’s investment portfolio to interest rate fluctuations, see Part II, Item 7A of this Form 10-K —“Quantitative and Qualitative Disclosures About Market Risk.”
Changes in the supervision and regulation of the financial industry could materially impact ACC’s results of operations, financial condition and liquidity.
The Dodd-Frank Act, enacted into law in 2010, called for sweeping changes in the supervision and regulation of the financial industry designed to provide for greater oversight of financial industry participants, reduce risk in banking practices and in securities and derivatives trading, enhance public company corporate governance practices and executive compensation disclosures, and provide greater protections to individual consumers and investors. Certain elements of the Dodd-Frank Act became effective immediately, though the details of certain provisions remain subject to additional studies and will not be known until final rules are adopted by applicable regulatory agencies. The full impact of the Dodd-Frank Act on ACC, the financial industry and the economy cannot be known until all such rules and regulations called for under the Dodd-Frank Act have been finalized, and, in some cases, implemented over time.
Accordingly, while certain elements of these reforms have yet to be finalized and implemented, the Dodd-Frank Act has impacted and is expected to further impact the manner in which ACC markets its products and services, manages itself and its operations and interacts with regulators, all of which could materially impact ACC’s results of operations, financial condition and liquidity. Moreover, to the extent the Dodd-Frank Act impacts the operations, financial condition, liquidity and capital requirements of unaffiliated financial institutions with whom ACC transacts business, those institutions may seek to pass on increased costs, reduce their capacity to transact, or otherwise present inefficiencies in their interactions with ACC.
It is uncertain whether the Dodd-Frank Act, the rules and regulations developed thereunder, or any future legislation designed to stabilize the financial markets, the economy generally, or provide better protections to consumers will have the desired effect. Any new legislation or regulatory changes could require ACC to change certain of ACC’s business practices, impose additional costs on ACC, or otherwise adversely affect ACC’s business operations, regulatory reporting relationships, results of operations or financial condition. Consequences may include substantially higher compliance costs as well as material effects on interest rates and foreign exchange rates, which could materially impact ACC’s investments, results of operations and liquidity in ways that ACC cannot predict.
Changes in and the adoption of accounting standards or inaccurate estimates or assumptions in applying accounting policies could have a material impact on ACC’s financial statements.
ACC's accounting policies and methods are fundamental to how ACC records and reports ACC's financial condition and results of operations. Some of these policies require use of estimates and assumptions that may affect the reported value of ACC's assets or liabilities and results of operations and are critical because they require management to make difficult, subjective, and complex judgments about matters that are inherently uncertain. If those assumptions, estimates or judgments were incorrectly made, ACC could be required to correct and restate prior period financial statements.
ACC prepares its financial statements in accordance with U.S. generally accepted accounting principles ("GAAP"). From time to time, the Financial Accounting Standards Board (“FASB”), the SEC, and other regulators may change the financial accounting and reporting standards governing the preparation of ACC’s financial statements. In some cases, ACC could be required to apply a new or revised standard retroactively, resulting in ACC restating prior period financial statements. These changes are difficult to predict, and could impose additional governance, internal controls and disclosure demands. It is possible that such changes could have a material adverse effect on ACC’s financial condition and results of operations.
Defaults in ACC’s fixed maturity securities portfolio could adversely affect ACC’s earnings.
Issuers of the fixed maturity securities owned by ACC may default on principal and interest payments. As of December 31, 2014, 6% of ACC’s invested assets had ratings below investment grade. Moreover, economic downturns and corporate malfeasance can increase the number of companies, including those with investment grade ratings, which could default on their debt obligations.

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If the counterparties to the derivative instruments ACC uses to hedge certain certificate liabilities default, ACC may be exposed to risks it had sought to mitigate, which could adversely affect ACC’s financial condition and results of operations.
ACC uses derivative instruments to hedge certain certificate liabilities. ACC enters into a variety of derivative instruments with a number of counterparties. If ACC’s counterparties become insolvent or fail to honor their obligations under the contracts governing such instruments, ACC’s hedges of the related risk may be ineffective. That failure could have a material adverse effect on ACC’s financial condition and results of operations. The risk of counterparty default may increase during periods of capital market volatility.
Some of ACC’s investments are relatively illiquid.
ACC invests a portion of its assets in privately placed fixed income securities and mortgage loans, which are relatively illiquid. ACC’s investment manager periodically reviews ACC’s private placement investments using adopted standards to categorize such investments as liquid or illiquid. As of December 31, 2014, mortgage loans and private placement fixed income securities that have been categorized as illiquid represented approximately 6% of the carrying value of ACC’s investment portfolio. If ACC requires significant amounts of cash on short notice in excess of its normal cash requirements, ACC may have difficulty selling these investments in a timely manner or be forced to sell them for an amount less than it would otherwise have been able to realize, or both, which could have an adverse effect on ACC’s financial condition and results of operations.
The determination of the amount of allowances and impairments taken on certain investments is subject to management’s evaluation and judgment and could materially impact ACC’s results of operations or financial position.
The determination of the amount of allowances and impairments vary by investment type and is based upon ACC’s periodic evaluation and assessment of inherent and known risks associated with the respective asset class. Such evaluations and assessments are revised as conditions change and new information becomes available. Management updates its evaluations regularly and reflects changes in allowances and impairments in operations as such evaluations are revised. Historical trends may not be indicative of future impairments or allowances.
The assessment of whether impairments have occurred is based on management’s case-by-case evaluation of the underlying reasons for the decline in fair value that considers a wide range of factors about the security issuer and management uses its best judgment in evaluating the cause of the decline in the estimated fair value of the security and in assessing the prospects for recovery. Inherent in management’s evaluation of the security are assumptions and estimates about the operations of the issuer and its future earnings potential.
If ACC’s reserves for future certificate redemptions and maturities are inadequate, ACC may be required to increase its reserve liabilities, which could adversely affect ACC’s results of operations and financial condition.
Investment certificates may be purchased either with a lump-sum payment or by installment payments. Certificate product owners are entitled to receive, at maturity, a definite sum of money. Payments from certificate owners are credited to investment certificate reserves. Investment certificate reserves accumulate interest at specified percentage rates as declared by ACC. Reserves are also maintained for advance payments made by certificate owners, accrued interest thereon, and for additional credits in excess of minimum guaranteed rates and accrued interest thereon. On certificates allowing for the deduction of a surrender charge, the cash surrender values may be less than accumulated investment certificate reserves prior to maturity dates. Cash surrender values on certificates allowing for no surrender charge are equal to certificate reserves. The payment distribution, reserve accumulation rates, cash surrender values, reserve values and other matters are governed by the 1940 Act.
Certain certificates offer a return based on the relative change in a stock market index. The certificates with an equity-based return contain embedded derivatives, which are carried at fair value within investment certificate reserves on the consolidated balance sheets. The fair values of these embedded derivatives incorporate current market data inputs. Changes in fair value are reflected in provision for certificate reserves within the consolidated statements of operations.
ACC monitors its reserve levels continually. If ACC concluded its reserves were insufficient to cover actual or expected redemptions or maturities, ACC would be required to increase its reserves and incur income statement charges for the period in which it makes the determination. Such a determination could adversely affect ACC’s financial condition and results of operations.
Intense competition could negatively affect ACC’s ability to maintain or increase its market share and profitability.
ACC’s business operates in an intensely competitive industry segment. ACC competes based on a number of factors including name recognition, service, interest rates, product features and perceived financial strength. ACC’s competitors include broker-dealers, banks, asset managers and other financial institutions. ACC’s business faces competitors that have greater market share, offer a broader range of products or have greater financial resources.
ACC’s affiliated distributor may be unable to attract and retain financial advisors.
ACC is dependent on the financial advisors of AFSI for all of the sales of its certificate products. A significant number of such financial advisors operate as independent contractors under a franchise agreement with AFSI. The market for these financial

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advisors is extremely competitive, and there can be no assurance that AFSI will be successful in its efforts to maintain its current network of financial advisors or to recruit and retain new advisors to its network. If AFSI is unable to attract and retain quality financial advisors, fewer advisors would be available to sell ACC’s certificate products and ACC’s financial condition and results of operations could be materially adversely affected.
ACC’s business is regulated and changes in legislation or regulation may reduce ACC’s profitability and limit its growth.
ACC operates in a regulated industry. As a registered investment company, ACC must observe certain governance, disclosure, record-keeping, marketing, privacy, data protection and other operating requirements. Various regulatory and governmental bodies have the authority to review ACC’s products and business practices and to bring regulatory or other legal actions against ACC if, in their view, ACC’s practices are improper. Any enforcement actions, investigations or other proceedings brought against ACC or its directors or employees by its regulators may result in fines, injunctions or other disciplinary actions that could harm ACC's reputation or impact ACC's results of operations. In addition, any changes to the laws and regulations applicable to ACC’s business, including incremental requirements, costs and risks imposed on ACC, may affect the operations and financial condition of ACC.
Damage to the reputation of ACC or its affiliates could adversely affect the business of ACC.
The ability of ACC to market and sell its products is highly dependent upon external perceptions of ACC’s and its affiliates’ level of service, business practices and financial condition. Damage to the reputation of ACC or its affiliates could cause significant harm to the business and prospects of ACC and may arise from numerous sources, including litigation or regulatory actions, failing to deliver minimum standards of service and quality, compliance failures, any perceived or actual weaknesses in ACC’s financial strength or liquidity, technological, cyber-security, or other security breaches resulting in improper disclosure of client or employee personal information, unethical behavior and the misconduct of employees, AFSI’s advisors and counterparties. Negative perceptions or publicity regarding these matters could damage ACC’s or its affiliates’ reputation among existing and potential customers, investors, employees and affiliated advisors. Adverse developments with respect to the financial industry may also, by association, negatively impact ACC’s reputation or result in greater regulatory or legislative scrutiny or litigation against ACC.
ACC’s reputation is also dependent on our continued identification of and mitigation against conflicts of interest, including those relating to the activities of its affiliated entities. For example, conflicts may arise between ACC’s position as a manufacturer of certificate products and the position of an ACC affiliate, AFSI, as the distributor of these products. ACC and its affiliated entities have procedures and controls in place that are designed to address conflicts of interest. However, identifying and appropriately dealing with conflicts of interest is complex and ACC’s reputation could be damaged if it fails, or appears to fail, to deal appropriately with conflicts of interest. In addition, the SEC and other federal and state regulators have increased their scrutiny of potential conflicts of interest. It is possible that potential or perceived conflicts could give rise to litigation or enforcement actions. It is also possible that the regulatory scrutiny of, and litigation in connection with, conflicts of interest will make ACC’s clients less willing to enter into transactions in which such a conflict may occur, and will adversely affect ACC’s business.
Failure of ACC’s service providers to perform their responsibilities could adversely affect ACC’s business.
ACC’s business operations, including investment management, transfer agent, custody and distribution services, are performed by affiliated service providers, or in some cases their subcontractors, pursuant to formal contracts. The failure of a service provider to fulfill its responsibilities could have an adverse effect on ACC’s financial condition and results of operations that could be material.
Changes in corporate tax laws and regulations and in the interpretation of such laws and regulations, as well as adverse determinations regarding the application of such laws and regulations, could adversely affect ACC's earnings.
ACC is subject to the income tax laws of the U.S., its states and municipalities. These tax laws are complex and may be subject to different interpretations. ACC must make judgments and interpretations about the application of these inherently complex tax laws when determining the provision for income taxes and must also make estimates about when in the future certain items affect taxable income in the various tax jurisdictions. Disputes over interpretations of the tax laws may be settled with the taxing authority upon examination or audit. In addition, changes to the Internal Revenue Code, administrative rulings or court decisions could increase ACC's provision for income taxes and reduce ACC's earnings.
It is possible there will be corporate tax reform in the next few years. While impossible to predict, corporate tax reform is likely to include a reduction in the corporate tax rate coupled with reductions in tax preferred items. Potential tax reform may also affect the U.S. tax rules regarding international operations. Any changes could have a material impact on ACC's income tax expense and deferred tax balances.
The occurrence of natural or man-made disasters and catastrophes could adversely affect the results of operations and financial condition of ACC.
The occurrence of natural disasters and catastrophes, including earthquakes, hurricanes, floods, tornadoes, fires, blackout, severe winter weather, explosions, pandemic disease and man-made disasters, including acts of terrorism, insurrections and military actions, could adversely affect the results of operations or financial condition of ACC. Such disasters and catastrophes may impact ACC directly by damaging its facilities, preventing its employees from performing their roles or otherwise disturbing its ordinary

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business operations. These impacts could be particularly severe to the extent they affect ACC's computer-based data processing, transmission, storage and retrieval systems and destroy or release valuable data. Such disasters and catastrophes may also impact ACC indirectly by changing the condition and behaviors of its customers, business counterparties and regulators, as well as by causing declines or volatility in the economic and financial markets, which could in turn have an adverse effect on ACC’s investment portfolio.
ACC cannot predict the timing and frequency with which natural and man-made disasters and catastrophes may occur, nor can ACC predict the impact that changing climate conditions may have on the frequency and severity of natural disasters or on overall economic stability and sustainability. As such, ACC cannot be sure that its actions to identify and mitigate the risks associated with such disasters and catastrophes will be effective.
ACC's operational systems and networks have been and will continue to be, subject to evolving cybersecurity or other technological risks, which could result in the disclosure of confidential client information, loss of ACC's proprietary information, damage to ACC's reputation, additional costs to ACC, regulatory penalties and other adverse impacts.
The business of ACC and its affiliates is reliant upon internal and third party technology systems and networks to process, transmit and store information, including sensitive client and proprietary information, and to conduct business activities and transactions with clients, AFSI’s advisors, vendors and other third parties. Maintaining the integrity of these systems and networks is critical to the success of ACC’s business operations, including the retention of clients, and to the protection of ACC’s proprietary information and ACC’s clients’ personal information. To date, neither ACC nor its affiliates have experienced any material breaches of nor interference with these systems and networks, however, ACC and its affiliates routinely encounter and address such threats. For example, the cybersecurity and technological threats experienced by ACC and its affiliates have included phishing scams, distributed denial of service attacks, introductions of malware, attempts at electronic break-ins and unauthorized payment requests. Any such breaches or interference by third parties or by ACC’s employees that may occur in the future could have a material adverse impact on ACC’s business, financial condition or results of operations.
ACC and its affiliates have implemented and maintain security measures designed to protect against breaches of security and other interference with systems and networks resulting from attacks by third parties, including hackers, and from employee error or malfeasance. ACC and its affiliates also contractually require third party vendors, who in the provision of services to ACC and its affiliates are provided with or process information pertaining to ACC’s business or its clients, to meet certain information security standards. The increasing reliance on technology systems and networks and the occurrence and potential adverse impact of attacks on such systems and networks, both generally and in the financial services industry, have enhanced government and regulatory scrutiny of the measures taken by companies to protect against cyber-security threats. As these threats, and government and regulatory oversight of associated risks, continue to evolve, ACC may be required to expend additional resources to enhance or expand upon the security measures ACC and its affiliates currently maintain.
Despite the measures ACC and its affiliates have taken and may in the future take to address and mitigate these risks, ACC cannot assure that the systems and networks of ACC and its affiliates will not be subject to breaches or interference. Any such event may result in operational disruptions as well as unauthorized access to or the disclosure or loss of ACC’s proprietary information or ACC’s clients’ personal information, which in turn may result in legal claims, regulatory scrutiny and liability, reputational damage, the incurrence of costs to eliminate or mitigate further exposure, the loss of clients or other damage to our business. Even if ACC successfully protects its technology infrastructure and the confidentiality of sensitive data, ACC may incur significant expenses in connection with the responses to any such attacks as well as the adoption, implementation and maintenance of appropriate security measures. ACC could also suffer harm to its business and reputation if attempted security breaches are publicized. ACC cannot be certain that advances in criminal capabilities, discovery of new vulnerabilities, attempts to exploit vulnerabilities in ACC’s systems, data thefts, physical system or network break-ins or inappropriate access, or other developments will not compromise or breach the technology or other security measures protecting the networks used in connection with ACC’s products and services.
Protection from system interruptions and operating errors is important to ACC’s business. If ACC experiences a sustained interruption to ACC’s telecommunications or data processing systems, or other failure in operational execution, it could harm ACC’s business.
Operating errors and system or network interruptions could delay and disrupt ACC’s ability to develop, deliver or maintain products and services, causing harm to ACC’s business and reputation and resulting in loss of clients or revenue. Interruptions could be caused by operational failures arising from employee error or malfeasance, interference by third parties, including hackers, ACC’s implementation of new technology, as well as from maintenance of existing technology. ACC’s financial, accounting, data processing or other operating systems and facilities may fail to operate or report data properly, experience connectivity disruptions or otherwise become disabled as a result of events that are wholly or partially beyond ACC’s control, adversely affecting ACC’s ability to process transactions or provide products and services to clients. These interruptions can include fires, floods, earthquakes and other natural disasters, power losses, equipment failures, attacks by third parties, failures of internal or vendor software or systems and other events beyond ACC’s control. Further, ACC faces the risk of operational failure (including, without limitation, failure caused by an inaccuracy, untimeliness or other deficiency in data reporting), termination or capacity constraints of any of the clearing agents, exchanges, clearing houses or other financial intermediaries that ACC uses to facilitate or are component providers

9

to ACC’s securities transactions and other product manufacturing and distribution activities. Any such failure, termination or constraint could adversely impact ACC’s ability to effect transactions, service clients, manage exposure to risk, or otherwise achieve desired outcomes.
Risk management policies and procedures may not be fully effective in identifying or mitigating risk exposure in all market environments or against all types of risk, including employee and financial advisor misconduct.
ACC has devoted significant resources to develop risk management policies and procedures and will continue to do so. Nonetheless, ACC’s policies and procedures to identify, monitor and manage risks may not be fully effective in mitigating ACC’s risk exposure in all market environments or against all types of risk. Many of ACC’s methods of managing risk and exposures are based upon observed historical market behavior or statistics based on historical models. During periods of market volatility or due to unforeseen events, the historically derived correlations upon which these methods are based may not be valid. As a result, these methods may not accurately predict future exposures, which could be significantly greater than what ACC’s models indicate. This could cause ACC to incur investment losses or cause ACC’s hedging and other risk management strategies to be ineffective. Other risk management methods depend upon the evaluation of information regarding markets, clients, catastrophe occurrence or other matters that are publicly available or otherwise accessible to ACC, which may not always be accurate, complete, up-to-date or properly evaluated.
Moreover, ACC is subject to the risks of errors and misconduct by ACC’s employees and AFSI’s financial advisors, such as fraud, non-compliance with policies, recommending transactions that are not suitable, and improperly using or disclosing confidential information. These risks are difficult to detect in advance and deter, and could harm ACC’s business, results of operations or financial condition. ACC is further subject to the risk of nonperformance or inadequate performance of contractual obligations by third-party vendors of products and services that are used in ACC’s businesses. Management of operational, legal and regulatory risks requires, among other things, policies and procedures to record properly and verify a large number of transactions and events, and these policies and procedures may not be fully effective in mitigating ACC’s risk exposure in all market environments or against all types of risk. Insurance and other traditional risk-shifting tools may be held by or available to ACC in order to manage certain exposures, but they are subject to terms such as deductibles, coinsurance, limits and policy exclusions, as well as risk of counterparty denial of coverage, default or insolvency.

Item 1B.  Unresolved Staff Comments
None.

Item 2.  Properties
ACC occupies office space in Minneapolis, Minnesota, which is leased or owned by Ameriprise Financial or a subsidiary thereof.

Item 3.  Legal Proceedings
The level of regulatory activity and inquiry in the financial services industry remains elevated. From time to time, ACC receives requests for information from, and/or has been subject to examination by, both the SEC and the Minnesota Department of Commerce concerning its business activities and practices. In addition, a number of state and federal regulatory agencies have initiated examinations and other inquiries related to unclaimed property and escheatment practices and procedures.  The Ameriprise organization has cooperated and will continue to cooperate with applicable regulators regarding their inquiries.
ACC may in the normal course of business be a party to legal, regulatory or arbitration proceedings concerning matters arising in connection with the conduct of its business activities. The outcome of any such proceeding cannot be predicted with any certainty. ACC believes that it is not a party to, nor are any of its properties the subject of, any pending legal, regulatory or arbitration proceedings that are reasonably likely to have a material adverse effect on ACC's financial condition, results of operations or liquidity. Notwithstanding the foregoing, it is possible that the outcome of any such legal, arbitration or regulatory proceedings could have a material impact on ACC’s results of operations in any particular reporting period as the proceedings are resolved.

Item 4.  Mine Safety Disclosures
Not applicable.


10

PART II

Item 5.  Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
All of ACC’s outstanding common stock is owned by Ameriprise Financial. There is no established public trading market for ACC’s common stock.
Frequency and amount of capital transactions with Ameriprise Financial during the past two years were (in millions): 
 
Dividends/Returns of Capital Paid to Ameriprise Financial
 
Receipt of Capital from Ameriprise Financial
For the year ended December 31, 2014:
 

 
 

December 29, 2014
$
5

 
$
—

Total
$
5

 
$
—

 
Dividends/Returns of Capital Paid to Ameriprise Financial
 
Receipt of Capital from Ameriprise Financial
For the year ended December 31, 2013:
 

 
 

March 28, 2013
$
—

 
$
5

September 30, 2013
—

 
5

Total
$
—

 
$
10

Restriction on ACC’s present or future ability to pay dividends to Ameriprise Financial:
Certain series of installment certificate products outstanding provide that cash dividends may be paid by ACC only in calendar years for which additional credits of at least one-half of 1% on such series of certificates have been authorized by ACC. This restriction has been satisfied for 2014 and 2013 by ACC’s declaration of additional credits.
Appropriated retained earnings resulting from the pre-declaration of additional credits to ACC’s certificate product owners are not available for the payment of dividends by ACC. In addition, ACC will discontinue issuance of certificates subject to the pre-declaration of additional credits and will make no further pre-declaration as to outstanding certificates if at any time the calculation of ACC’s capital and unappropriated retained earnings should be less than 5% of net certificate reserves (certificate reserves less certificate loans).

Item 6.  Selected Financial Data
Item omitted pursuant to General Instructions (I)(2)(a) of Form 10-K.

Item 7.  Management’s Narrative Analysis
The following information should be read in conjunction with the accompanying audited consolidated financial statements and related notes included elsewhere in this report. The following discussion may contain forward-looking statements that reflect Ameriprise Certificate Company’s (“ACC”) plans, estimates and beliefs. ACC’s actual results could differ materially from those discussed in these forward-looking statements. Factors that could cause or contribute to these differences include, but are not limited to, those discussed below under the heading “Forward-Looking Statements” and elsewhere in this report, particularly in “Item 1A-Risk Factors.” Management’s narrative analysis is presented pursuant to General Instructions I(2)(a) of Form 10-K in lieu of Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Recent Accounting Pronouncements and Significant Accounting Policies
For information regarding recent accounting pronouncements and their expected impact on ACC’s future results of operations or financial condition and significant accounting policies, see Note 1 to ACC’s consolidated financial statements beginning on page F-9 of this Annual Report on Form 10-K.
Results of Operations
ACC’s net income is derived primarily from the after-tax yield on investments and realized investment gains (losses), less investment expenses and interest credited on certificate reserve liabilities. Net income trends occur largely due to changes in returns on ACC’s investment portfolio, from realization of investment gains (losses) and from changes in interest credited to certificate products. ACC follows U.S. generally accepted accounting principles (“GAAP”).
Net income increased $8.5 million, or 60%, to $22.6 million for the year ended December 31, 2014 compared to $14.1 million for the prior year due to an increase in investment income, a decrease in the net provision for certificate reserves and realized gains on

11

investments in the current year compared to realized losses on investments as a result of higher other-than-temporary impairments on non-agency residential mortgage backed securities in the prior year. These positive impacts were partially offset by an increase in investment expenses.
Investment income increased $2.6 million, or 3%, to $88.0 million for the year ended December 31, 2014 compared to $85.4 million for the prior year. This increase is primarily due to higher average investment balances compared to the prior year, partially offset by the negative impact of continued low interest rates.
Investment expenses increased $2.5 million, or 10%, to $27.9 million for the year ended December 31, 2014 compared to $25.4 million for the prior year. This increase is primarily due to higher investment advisory fees.
Net provision for certificate reserves decreased $3.6 million, or 12%, to $26.3 million for the year ended December 31, 2014 compared to $29.9 million for the prior year. This decrease is primarily the result of lower client rates due to the continued low interest rate environment, partially offset by higher client balances compared to the prior year.
Net realized gain on investments before income taxes was $0.6 million for the year ended December 31, 2014 compared to a net realized loss on investments of $3.1 million for the prior year. Included in net realized investment gains for the year ended December 31, 2014 were net realized gains from sales, tenders and calls of Available-for-Sale securities of $1.3 million, which were partially offset by other-than-temporary impairments of $0.7 million. Net realized loss on investments for the prior year included other-than-temporary impairments of $3.6 million, which were partially offset by net realized gains from sales, tenders and calls of Available-for-Sale securities. The other-than-temporary impairments for both years related to credit losses on non-agency residential mortgage backed securities.
The effective tax rate was 34.1% for the year ended December 31, 2014 compared to 47.5% for the year ended December 31, 2013.
Fair Value Measurements
ACC reports certain assets and liabilities at fair value; specifically derivatives, embedded derivatives, and most investments and cash equivalents. Fair value assumes the exchange of assets or liabilities occurs in orderly transactions. Companies are not permitted to use market prices that are the result of a forced liquidation or distressed sale. ACC includes actual market prices or observable inputs in its fair value measurements to the extent available. Non-binding broker quotes are obtained when quotes from third party pricing services are not available. ACC validates prices obtained from third parties through a variety of means such as: price variance analysis, subsequent sales testing, stale price review, price comparison across pricing vendors and due diligence reviews of vendors. See Note 8 to ACC’s Consolidated Financial Statements for additional information regarding ACC’s fair value measurements.
Forward-Looking Statements
This report contains forward-looking statements that reflect management’s plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements. The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” “forecast,” “on pace,” “project” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors, which could cause actual results, performance or achievements to differ materially from expected results, performance or achievements. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties described in “Item 1A-Risk Factors” and elsewhere in this Annual Report on Form 10-K. ACC’s future financial condition and results of operations, as well as any forward-looking statements contained in this report, are made only as of the date hereof. ACC undertakes no obligation to update or revise any forward-looking statements.

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk
ACC has three principal components of market risk: interest rate risk, equity price risk, and credit risk. Interest rate risk results from investing in assets that are somewhat longer and reset less frequently than the liabilities they support. ACC manages interest rate risk through the use of a variety of tools that from time to time include derivative instruments, such as interest rate swaps, caps, and floors, which change the interest rate characteristics of client liabilities or investment assets. Due to certain provisions for certificates being impacted by the value of equity indices, from time to time ACC enters into risk management strategies that may include the use of equity derivative instruments, such as equity options, to mitigate ACC’s exposure to volatility in the equity markets.
Ameriprise Financial’s Financial Risk Management Committee (“FRMC”), which is comprised of senior managers, holds regularly scheduled meetings to review models projecting various interest rate scenarios and risk/return measures and their effect on various portfolios managed by Columbia Management Investment Advisers, LLC, a wholly owned subsidiary of Ameriprise Financial, including that of ACC. ACC’s Board of Directors has appointed FRMC as the investment committee of ACC. FRMC’s objectives are

12

to structure ACC’s portfolio of investment securities based upon the type and behavior of the certificates in the certificate reserve liabilities, to achieve targeted levels of profitability within defined risk parameters and to meet certificate contractual obligations.
ACC primarily invests in mortgage and asset backed securities and intermediate term corporate debt securities to provide its certificate owners with a competitive rate of return on their certificates while managing risk. These investments provide ACC with a historically dependable and targeted margin between the interest rate earned on investments and the interest rate credited to certificate owners’ accounts. ACC does not invest in securities to generate short-term trading profits for its own account.
To evaluate interest rate and equity price risk, ACC performs sensitivity testing which measures the impact on pretax income from the sources listed below for a 12 month period following a hypothetical 100 basis point increase in interest rates and a hypothetical 10% decline in equity prices. The interest rate risk test assumes a sudden 100 basis point parallel shift in the yield curve, with rates then staying at those levels for the next 12 months. The equity price risk test assumes a sudden 10% drop in equity prices, with equity prices then staying at those levels for the next 12 months. In estimating the values of stock market certificates, ACC assumes no change in implied market volatility despite the 10% drop in equity prices.
The following table presents ACC’s estimate of the pretax impact of these hypothetical market movements as of December 31, 2014: 
 
 
Interest Rate Exposure to Pretax Income
Interest Rate Increase 100 Basis Points
 
Before Hedge Impact
 
Hedge Impact
 
Net Impact
 
 
(in thousands)
Certificates
 
$
2,180

 
N/A
 
$
2,180

N/A  Not Applicable.
 
 
Equity Price Exposure to Pretax Income
Equity Price Decline 10%
 
Before Hedge Impact
 
Hedge Impact
 
Net Impact
 
 
(in thousands)
Certificates
 
$
2,416

 
$
(2,440
)
 
$
(24
)
The above results compare to an estimated positive impact to pretax income of $1.2 million related to a 100 basis point increase in interest rates and an estimated positive impact of $6 thousand related to a 10% equity price decline at December 31, 2013.
Actual results could differ materially from those illustrated above as they are based on a number of estimates and assumptions. These include assuming that implied market volatility does not change when equity prices fall by 10%, the composition of invested assets and liabilities does not change in the 12 month period following the hypothetical market decline and that the 100 basis point increase in interest rates is a parallel shift in the yield curve. Furthermore, ACC has not tried to anticipate changes in client preferences for different types of assets or other changes in client behavior, nor has ACC tried to anticipate actions management might take to increase revenues or reduce expenses in these scenarios.
The selection of a 100 basis point interest rate increase and a 10% equity price decline should not be construed as a prediction of future market events. Impacts of larger or smaller changes in interest rates or equity prices may not be proportional to those shown for a 100 basis point increase in interest rates or a 10% decline in equity prices.
ACC has interest rate risk from its Flexible Savings and other fixed rate certificates. These products are investment certificates generally ranging in amounts from $1,000 to $2 million with interest crediting rate terms ranging from three to thirty-six months. ACC guarantees an interest rate to the holders of these products. Payments collected from clients are primarily invested in fixed rate securities to fund the client credited rate with the spread between the rate earned from investments and the rate credited to clients recorded as earned income. Client liabilities and investment assets generally differ as it relates to basis, repricing or maturity characteristics. Rates credited to clients generally reset at shorter intervals than the yield on underlying investments. This exposure is not currently hedged although ACC monitors its investment strategy and makes modifications based on changing liabilities and the expected interest rate environment. ACC had $3.6 billion in reserves included in certificate reserves on the Consolidated Balance Sheet at December 31, 2014 to cover the liabilities associated with these products.
ACC has equity price risk from its stock market certificates. Stock market certificates are purchased for amounts generally from $1,000 to $2 million for terms of 52 weeks which can be extended to a maximum of 20 years. For each term the certificate holder can choose to participate 100% in any percentage increase in the S&P 500 Index® up to a maximum return or choose partial participation in any increase in the S&P 500 Index plus a fixed rate of interest guaranteed in advance. If partial participation is selected, the total of equity-linked return and guaranteed rate of interest cannot exceed the maximum return. ACC had $587.1 million in reserves included in certificate reserves on the Consolidated Balance Sheet at December 31, 2014 to cover the liabilities associated with these products.
The equity-linked return to investors creates equity price risk exposure. ACC seeks to minimize this exposure with purchased futures and call spreads that replicate what ACC must credit to client accounts. This risk continues to be fully hedged.

13

Stock market certificates have interest rate risk as changes in interest rates affect the fair value of the payout to be made to the certificate holder. This risk is immaterial and not currently hedged.
Credit Risk
ACC is exposed to credit risk within its investment portfolio, including its loan portfolio, and through derivative counterparties. Credit risk relates to the uncertainty of an obligor’s continued ability to make timely payments in accordance with the contractual terms of the instrument or contract. ACC considers its total potential credit exposure to each counterparty and its affiliates to ensure compliance with pre-established credit guidelines at the time it enters into a transaction which would potentially increase ACC’s credit risk. These guidelines and oversight of credit risk are managed through ACC’s comprehensive enterprise risk management program that includes members of senior management.
ACC manages the risk of credit-related losses in the event of nonperformance by counterparties by applying disciplined fundamental credit analysis and underwriting standards, prudently limiting exposures to lower-quality, higher-yielding investments, and diversifying exposures by issuer, industry, region and underlying investment type. ACC remains exposed to occasional adverse cyclical economic downturns during which default rates may be significantly higher than the long-term historical average used in pricing.
ACC manages its credit risk related to over-the-counter derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master netting arrangements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination. Generally, ACC’s current credit exposure on over-the-counter derivative contracts is limited to a derivative counterparty’s net positive fair value of derivative contracts after taking into consideration the existence of netting arrangements and any collateral received. This exposure is monitored and managed to an acceptable threshold level.

Item 8.  Financial Statements and Supplementary Data
See Index to Consolidated Financial Statements and Schedules on page F-1 hereof.

Item 9.  Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
None.

Item 9A.  Controls and Procedures
Disclosure Controls and Procedures
ACC maintains disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) designed to provide reasonable assurance that the information required to be reported in the Exchange Act filings is recorded, processed, summarized and reported within the time periods specified in and pursuant to SEC regulations, including controls and procedures designed to ensure that this information is accumulated and communicated to ACC’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding the required disclosure. It should be noted that, because of inherent limitations, ACC’s disclosure controls and procedures, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the disclosure controls and procedures are met.
ACC’s management, under the supervision and with the participation of its Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of ACC’s disclosure controls and procedures as of the end of the period covered by this report. Based upon that evaluation, ACC’s Chief Executive Officer and Chief Financial Officer have concluded that ACC’s disclosure controls and procedures were effective at a reasonable level of assurance as of December 31, 2014.
Changes in Internal Control over Financial Reporting
There have not been any changes in ACC’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth fiscal quarter of the year to which this report relates that have materially affected, or are reasonably likely to materially affect, ACC’s internal control over financial reporting.

Item 9B.  Other Information.
None.


14

PART III

Item 10.  Directors, Executive Officers and Corporate Governance
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.

Item 11.  Executive Compensation
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.

Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.

Item 13.  Certain Relationships and Related Transactions, and Director Independence
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.

Item 14.  Principal Accountant Fees and Services
The Board of Directors of ACC, at the recommendation of its Audit Committee, has appointed PricewaterhouseCoopers LLP (“PwC”) as independent registered public accountants to audit the consolidated financial statements of ACC for the years ended December 31, 2014, 2013 and 2012.
Audit Fees
The aggregate fees billed or to be billed by PwC for each of the last two years for professional services rendered for the audit of ACC’s annual consolidated financial statements and services that were provided in connection with statutory and regulatory filings were $145,000 and $120,000 for 2014 and 2013, respectively.
Audit-Related Fees, Tax Fees, All Other Fees
ACC was not billed by PwC for any fees for audit-related services, tax fees or any other fees for 2014 or 2013.
Policy on Pre-Approval of Services Provided by Independent Registered Public Accountants
Pursuant to the requirements of the Sarbanes-Oxley Act of 2002, the terms of the engagement of PwC are subject to the specific pre-approval of the Audit Committee of Ameriprise Financial. All audit and permitted non-audit services to be performed by PwC for ACC require pre-approval by the Audit Committee of Ameriprise Financial in accordance with pre-approval procedures established by the Audit Committee of Ameriprise Financial. The procedures require all proposed engagements of PwC for services to ACC of any kind to be directed to the General Auditor of Ameriprise Financial and then submitted for approval to the Audit Committee of Ameriprise Financial prior to the beginning of any services.
In addition, the charter of ACC’s Audit Committee requires pre-approval of any engagement, including the fees and other compensation, of PwC (1) to provide any services to ACC and prohibits the performance of certain specified non-audit services, and (2) to provide any non-audit services to Ameriprise Financial or any affiliate of Ameriprise Financial that controls, is controlled by, or under common control with Ameriprise Financial if the engagement relates directly to the operations and financial reporting of ACC. Certain exceptions apply to the pre-approval requirement. ACC Management has determined that one recurring audit related fee for the annual controls review of ACC's affiliated transfer agent had not previously been submitted to the ACC Audit Committee for pre-approval as required by the provisions of Regulation S-X prior to 2014. ACC's certifying officers have considered this information and have been informed by ACC's Auditor, PwC, that it remains independent under provisions of Regulation S-X.
In 2014 and 2013, 100% of the services provided by PwC for ACC were pre-approved by the Audit Committee of Ameriprise Financial.


15

PART IV

Item 15.  Exhibits and Financial Statement Schedules
 
(a)
1.
Financial Statements:
 
 
See Index to Consolidated Financial Statements and Schedules on page F-1 hereof.
 
 
2.
Consolidated Financial Statement Schedules:
 
 
See Index to Consolidated Financial Statements and Schedules on page F-1 hereof.
 
 
3.
Exhibits:
 
 
See Exhibit Index on page E-1 hereof.


16

SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

REGISTRANT
AMERIPRISE CERTIFICATE COMPANY
 
BY
/s/ Abu M. Arif
 
NAME AND TITLE
Abu M. Arif, Director, President and Chief Executive Officer
 
(Principal Executive Officer)
DATE
February 24, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacity and on the dates indicated.
BY
/s/ Abu M. Arif
 
NAME AND TITLE
Abu M. Arif, Director, President and Chief Executive Officer
 
(Principal Executive Officer)
DATE
February 24, 2015
 
BY
/s/ Ross P. Palacios
 
NAME AND TITLE
Ross P. Palacios, Vice President and Chief Financial Officer
 
(Principal Financial Officer)
DATE
February 24, 2015
 
BY
/s/ David K. Stewart
 
NAME AND TITLE
David K. Stewart, Vice President, Controller and Chief Accounting Officer
 
(Principal Accounting Officer)
DATE
February 24, 2015
 
BY
/s/ Jean B. Keffeler*
 
NAME AND TITLE
Jean B. Keffeler, Director
DATE
February 24, 2015
 
BY
/s/ Karen M. Bohn*
 
NAME AND TITLE
Karen M. Bohn, Director
DATE
February 24, 2015
 
BY
/s/ Lorna P. Gleason*
 
NAME AND TITLE
Lorna P. Gleason, Director
DATE
February 24, 2015
 
BY
/s/ Robert McReavy*
 
NAME AND TITLE
Robert McReavy, Director
DATE
February 24, 2015


* BY
/s/ Abu M. Arif
 
   NAME
Abu M. Arif
 
Executed by Abu M. Arif on behalf of Jean B. Keffeler, Karen M. Bohn, Lorna P. Gleason and Robert McReavy pursuant to a Power of Attorney, dated February 26, 2014, filed electronically herewith as Exhibit 24(a) to Registrant’s Form 10-K.

17


Index to Consolidated Financial Statements and Schedules
Consolidated Financial Statements:
 
Page
Part I. Financial Information:

Consolidated Financial Statements
 
 
Report of Independent Registered Public Accounting Firm
 
Consolidated Statements of Operations — Years ended December 31, 2014, 2013 and 2012
 
Consolidated Statements of Comprehensive Income — Years ended December 31, 2014, 2013 and 2012
 
Consolidated Balance Sheets — December 31, 2014 and 2013
 
Consolidated Statements of Shareholder's Equity — Years ended December 31, 2014, 2013 and 2012
 
Consolidated Statements of Cash Flows — Years ended December 31, 2014, 2013 and 2012
 
Notes to Consolidated Financial Statements
 
Part II. Consolidated Financial Schedules:
Schedule No.
I
Investments in Securities of Unaffiliated Issuers — December 31, 2014 and 2013
III
Mortgage Loans on Real Estate and Interest Earned on Mortgages — Years ended December 31, 2014 and 2013
IV
Real Estate Owned — Years ended December 31, 2014 and 2013
V
Qualified Assets on Deposit — December 31, 2014 and 2013
VI
Certificate Reserves — Years ended December 31, 2014, 2013 and 2012
VII
Valuation and Qualifying Accounts — Years ended December 31, 2014, 2013 and 2012

All other Schedules required by Article 6 of Regulation S-X are not required under the related instructions or are inapplicable and therefore have been omitted.


F-1



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholder of Ameriprise Certificate Company:
We have audited the accompanying consolidated balance sheets of Ameriprise Certificate Company (a wholly owned subsidiary of Ameriprise Financial, Inc.) (the “Company”) as of December 31, 2014 and 2013 and the related consolidated statements of operations, comprehensive income, shareholder’s equity, and cash flows for each of the three years in the period ended December 31, 2014. Our audits also included the consolidated financial statement schedules for 2014, 2013 and 2012 listed in the index appearing under Item 15(a)(1). These financial statements and financial statement schedules are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Ameriprise Certificate Company at December 31, 2014 and 2013, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2014, in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedules for 2014, 2013 and 2012 present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements.


/s/ PricewaterhouseCoopers LLP
Minneapolis, Minnesota
February 24, 2015

F-2

AMERIPRISE CERTIFICATE COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Investment Income
 
 
 

 
 

Interest income from unaffiliated investments:
 
 
 
 
 
Available-for-Sale securities
$
80,313

 
$
78,109

 
$
82,246

Syndicated loans and commercial mortgage loans
6,042

 
6,370

 
7,796

Certificate loans
58

 
79

 
119

Dividends
261

 
81

 
58

Other
1,296

 
738

 
977

Total investment income
87,970

 
85,377

 
91,196

Investment Expenses
 

 
 

 
 

Ameriprise Financial and affiliated company fees:
 
 
 
 
 
Distribution
11,113

 
10,546

 
9,614

Investment advisory and services
10,482

 
8,802

 
6,917

Transfer agent
5,252

 
4,903

 
3,773

Depository
48

 
51

 
44

Other
1,015

 
1,105

 
1,492

Total investment expenses
27,910

 
25,407

 
21,840

Net investment income before provision for certificate reserves and income taxes
60,060

 
59,970

 
69,356

Provision for Certificate Reserves
 
 
 
 
 
According to the terms of the certificates:
 
 
 
 
 
Provision for certificate reserves
844

 
944

 
1,083

Interest on additional credits
40

 
48

 
59

Additional credits/interest authorized by ACC
26,026

 
29,575

 
28,427

Total provision for certificate reserves before reserve recoveries
26,910

 
30,567

 
29,569

Reserve recoveries from terminations prior to maturity
(617
)
 
(633
)
 
(652
)
Net provision for certificate reserves
26,293

 
29,934

 
28,917

Net investment income before income taxes
33,767

 
30,036

 
40,439

Income tax expense
11,495

 
13,868

 
16,669

Net investment income
22,272

 
16,168

 
23,770

Net realized gain (loss) on investments
 
 
 
 
 
Securities of unaffiliated issuers before income tax expense (benefit)
570

 
(3,109
)
 
(14,409
)
Income tax expense (benefit)
199

 
(1,088
)
 
(5,043
)
Net realized gain (loss) on investments
371

 
(2,021
)
 
(9,366
)
Net income
$
22,643

 
$
14,147

 
$
14,404

 
 
 
 
 
 
Supplemental Disclosures:
 

 
 

 
 

Total other-than-temporary impairment losses on securities
$
(173
)
 
$
(667
)
 
$
(14,165
)
Portion of loss recognized in other comprehensive income (loss) (before taxes)
(509
)
 
(2,898
)
 
(847
)
Net impairment losses recognized in net realized gain (loss) on investments
$
(682
)
 
$
(3,565
)
 
$
(15,012
)
See Notes to Consolidated Financial Statements.

F-3

AMERIPRISE CERTIFICATE COMPANY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
 
Years Ended December 31,
2014
 
2013
 
2012
 
(in thousands)
Net income
$
22,643

 
$
14,147

 
$
14,404

Other comprehensive income (loss), net of tax:
 
 
 
 
 
Net unrealized gains (losses) on securities:
 
 
 
 
 
Net unrealized securities gains (losses) arising during the period
(460
)
 
(10,521
)
 
43,096

Reclassification of net securities (gains) losses included in net income
(427
)
 
2,009

 
9,368

Total other comprehensive income (loss), net of tax
(887
)
 
(8,512
)
 
52,464

Total comprehensive income
$
21,756

 
$
5,635

 
$
66,868

See Notes to Consolidated Financial Statements.

F-4

AMERIPRISE CERTIFICATE COMPANY

CONSOLIDATED BALANCE SHEETS
 
December 31,
 
2014
 
2013
 
(in thousands, except share data)
 
ASSETS
 

 
 

Qualified Assets
 
 
 
Investments in unaffiliated issuers:
 

 
 

Cash and cash equivalents
$
68,632

 
$
74,526

Available-for-Sale securities:
 

 
 

Fixed maturities, at fair value (amortized cost: 2014, $4,222,747; 2013, $3,987,510)
4,212,187

 
3,978,248

Common stocks, at fair value (cost: 2014, $2,343; 2013, $2,215)
6,523

 
6,323

Commercial mortgage loans and syndicated loans, at cost (less allowance for loan losses: 2014, $3,464; 2013, $4,461; fair value: 2014, $155,829; 2013, $134,114)
152,482

 
131,241

Certificate loans – secured by certificate reserves, at cost, which approximates fair value
926

 
1,219

Real estate owned, at fair value less cost to sell
—

 
1,727

Total investments
4,440,750

 
4,193,284

Receivables:
 

 
 

Dividends and interest
15,310

 
16,687

Investment securities sold
4,957

 
5,918

Other receivables
5,177

 
3,981

Total receivables
25,444

 
26,586

Equity options, purchased
45,857

 
72,848

Total qualified assets
4,512,051

 
4,292,718

Other Assets
 

 
 

Deferred taxes, net
1,485

 
1,245

Due from related party
16

 
—

Total other assets
1,501

 
1,245

Total assets
$
4,513,552

 
$
4,293,963

See Notes to Consolidated Financial Statements.


F-5

AMERIPRISE CERTIFICATE COMPANY

CONSOLIDATED BALANCE SHEETS (CONTINUED)
 
December 31,
 
2014
 
2013
 
(in thousands, except share data)
 
LIABILITIES AND SHAREHOLDER’S EQUITY
 

 
 

Liabilities
 

 
 

Certificate reserves
 

 
 

Installment certificates:
 

 
 

Reserves to mature
$
17,879

 
$
22,751

Additional credits and accrued interest
32

 
203

Fully paid certificates:
 

 
 

Reserves to mature
4,183,037

 
3,953,577

Additional credits and accrued interest
5,676

 
6,973

Due to unlocated certificate holders
146

 
203

Total certificate reserves
4,206,770

 
3,983,707

Accounts payable and accrued liabilities:
 

 
 

Due to related party
1,994

 
167

Current taxes payable to parent
3,133

 
2,924

Payable for investment securities purchased
2,292

 
1,566

Total accounts payable and accrued liabilities
7,419

 
4,657

Equity options, written
40,073

 
65,958

Other liabilities
19,359

 
16,466

Total liabilities
4,273,621

 
4,070,788

 
 
 
 
Shareholder’s Equity
 

 
 

Common shares ($10 par value, 150,000 shares authorized and issued)
1,500

 
1,500

Additional paid-in capital
201,517

 
201,517

Retained earnings:
 

 
 

Appropriated for pre-declared additional credits and interest
58

 
26

Appropriated for additional interest on advance payments
15

 
15

Unappropriated
40,869

 
23,258

Accumulated other comprehensive loss, net of tax
(4,028
)
 
(3,141
)
Total shareholder’s equity
239,931

 
223,175

Total liabilities and shareholder’s equity
$
4,513,552

 
$
4,293,963

See Notes to Consolidated Financial Statements.


F-6

AMERIPRISE CERTIFICATE COMPANY

CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY
 
 
 
 
 
 
 
Retained Earnings
 
 
 
 
 
Number of Outstanding Shares
 
Common Shares
 
Additional Paid-In Capital
 
Appropriated for Pre-Declared Additional Credits and Interest
 
Appropriated for Additional Interest on Advance Payments
 
Unappropriated
 
Accumulated Other Comprehensive Income (Loss), Net of Tax
 
Total
 
(in thousands, except share data)
Balance at January 1, 2012
150,000

 
$
1,500

 
$
160,250

 
$
—

 
$
15

 
$
—

 
$
(47,093
)
 
$
114,672

Comprehensive income:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net income
—

 
—

 
—

 
—

 
—

 
14,404

 
—

 
14,404

Other comprehensive income, net of tax
—

 
—

 
—

 
—

 
—

 
—

 
52,464

 
52,464

Total comprehensive income
 

 
 

 
 

 
 

 
 

 
 

 
 

 
66,868

Dividend / return of capital to parent
—

 
—

 
(5,733
)
 
—

 
—

 
(5,267
)
 
—

 
(11,000
)
Receipt of capital from parent
—

 
—

 
37,000

 
—

 
—

 
—

 
—

 
37,000

Balance at December 31, 2012
150,000

 
1,500

 
191,517

 
—

 
15

 
9,137

 
5,371

 
207,540

Comprehensive income:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net income
—

 
—

 
—

 
—

 
—

 
14,147

 
—

 
14,147

Other comprehensive loss, net of tax
—

 
—

 
—

 
—

 
—

 
—

 
(8,512
)
 
(8,512
)
Total comprehensive income
 

 
 

 
 

 
 

 
 

 
 

 
 

 
5,635

Transfer to appropriated/from unappropriated
—

 
—

 
—

 
26

 
—

 
(26
)
 
—

 
—

Receipt of capital from parent
—

 
—

 
10,000

 
—

 
—

 
—

 
—

 
10,000

Balance at December 31, 2013
150,000

 
1,500

 
201,517

 
26

 
15

 
23,258

 
(3,141
)
 
223,175

Comprehensive income:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net income
—

 
—

 
—

 
—

 
—

 
22,643

 
—

 
22,643

Other comprehensive loss, net of tax
—

 
—

 
—

 
—

 
—

 
—

 
(887
)
 
(887
)
Total comprehensive income
 

 
 

 
 

 
 

 
 

 
 

 
 

 
21,756

Transfer to appropriated/from unappropriated
—

 
—

 
—

 
32

 
—

 
(32
)
 
—

 
—

Dividend to parent
—

 
—

 
—

 
—

 
—

 
(5,000
)
 
—

 
(5,000
)
Balance at December 31, 2014
150,000

 
$
1,500

 
$
201,517

 
$
58

 
$
15

 
$
40,869

 
$
(4,028
)
 
$
239,931

See Notes to Consolidated Financial Statements.


F-7

AMERIPRISE CERTIFICATE COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Cash Flows from Operating Activities
 
 
 
 
 
Net income
$
22,643

 
$
14,147

 
$
14,404

Adjustments to reconcile net income to net cash provided by operating activities:
 

 
 

 
 

Amortization of premiums, accretion of discounts, net
30,598

 
34,087

 
11,099

Deferred income tax provision (benefit)
154

 
(101
)
 
6,872

Net realized gain on Available-for-Sale securities
(1,339
)
 
(475
)
 
(600
)
Other net realized (gain) loss
86

 
18

 
(3
)
Other-than-temporary impairments and provision for loan loss
682

 
3,565

 
15,012

Changes in operating assets and liabilities:
 

 
 

 
 

Dividends and interest receivable
1,377

 
22

 
(2,902
)
Certificate reserves, net
(610
)
 
373

 
1,838

Deferred taxes, net
(55
)
 
25,994

 
—

Current taxes payable to/receivable from parent, net
209

 
4,307

 
(13,620
)
Derivatives, net of collateral
3,286

 
(131
)
 
(665
)
Other liabilities
713

 
13,796

 
(5,329
)
Other, net
646

 
(4,223
)
 
(940
)
Net cash provided by operating activities
58,390

 
91,379

 
25,166

 
 
 
 
 
 
Cash Flows from Investing Activities
 
 
 
 
 
Available-for-Sale securities:
 

 
 

 
 

Sales
26,277

 
27,957

 
29,828

Maturities, redemptions and calls
1,038,583

 
1,068,328

 
763,122

Purchases
(1,329,182
)
 
(1,706,156
)
 
(1,579,861
)
Syndicated loans, commercial mortgage loans and real estate owned:
 

 
 

 
 

Sales, maturities and repayments
28,586

 
33,068

 
43,303

Purchases and fundings
(47,514
)
 
(11,288
)
 
(26,868
)
Certificate loans, net
293

 
667

 
612

Net cash used in investing activities
(282,957
)
 
(587,424
)
 
(769,864
)
 
 
 
 
 
 
Cash Flows from Financing Activities
 

 
 

 
 

Payments from certificate holders and other additions
2,482,450

 
2,348,375

 
1,692,954

Certificate maturities and cash surrenders
(2,258,777
)
 
(1,877,036
)
 
(959,522
)
Capital contribution from parent
—

 
10,000

 
37,000

Dividend/return of capital to parent
(5,000
)
 
—

 
(11,000
)
Net cash provided by financing activities
218,673

 
481,339

 
759,432

 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
(5,894
)
 
(14,706
)
 
14,734

Cash and cash equivalents at beginning of period
74,526

 
89,232

 
74,498

Cash and cash equivalents at end of period
$
68,632

 
$
74,526

 
$
89,232

 
 
 
 
 
 
Supplemental disclosures including non-cash transactions:
 

 
 

 
 

Cash paid (received) for income taxes
$
1,979

 
$
(21,140
)
 
$
17,005

Cash paid for interest
30,645

 
36,919

 
32,572

See Notes to Consolidated Financial Statements.

F-8

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



1.  Basis of Presentation, Summary of Significant Accounting Policies and Recent Accounting Pronouncements
Nature of Business
Ameriprise Certificate Company (“ACC”), is a wholly owned subsidiary of Ameriprise Financial, Inc. (“Ameriprise Financial”). ACC is registered as an investment company under the Investment Company Act of 1940 (the “1940 Act”) and is in the business of issuing face-amount investment certificates. Face-amount certificates issued by ACC entitle the certificate owner to receive at maturity a stated amount of money and interest or credits declared from time to time by ACC, at its discretion. The certificates issued by ACC are not insured by any government agency. ACC’s certificates are sold by Ameriprise Financial Services, Inc. (“AFSI”), an affiliate of ACC. AFSI is registered as a broker-dealer in all 50 states, the District of Columbia and Puerto Rico.
As of December 31, 2014, ACC offered five different certificate products to the public. ACC is impacted by significant changes in interest rates as interest crediting rates on certificate products generally reset at shorter intervals than the change in the yield on ACC’s investment portfolio. The specified maturities of most of ACC’s certificate products range from ten to twenty years. Within that maturity period, most certificates have interest crediting rate terms ranging from three to thirty-six months. Interest crediting rates are subject to change and certificate product owners can surrender their certificates without penalty at term’s end. In addition, two types of certificate products have interest tied, in whole or in part, to a broad-based stock market index. All of the certificates are available as qualified investments for Individual Retirement Accounts, 401(k) plans and other qualified retirement plans.
ACC evaluated events or transactions that may have occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued.
Basis of Financial Statement Presentation
The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). ACC uses the consolidation method of accounting for its wholly owned subsidiary, Investors Syndicate Development Corp.
Accounting estimates are an integral part of the consolidated financial statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and recognition of other-than-temporary impairments and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.
Interest Income
Interest income is accrued as earned using the effective interest method, which makes an adjustment for security premiums and discounts, so that the related security recognizes a constant rate of return on the outstanding balance throughout its term.
Cash and Cash Equivalents
ACC has defined cash equivalents as highly liquid investments with original maturities of 90 days or less.
Available-for-Sale Securities
Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (loss), net of income taxes. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Operations upon disposition of the securities.
When the fair value of an investment is less than its amortized cost, ACC assesses whether or not (i) it has the intent to sell the security (made a decision to sell) or (ii) it is more likely than not that ACC will be required to sell the security before its anticipated recovery. If either of these conditions existed, an other-than-temporary impairment is considered to have occurred and ACC must recognize an other-than-temporary impairment for the difference between the investment’s amortized cost and its fair value through earnings. For securities that do not meet the above criteria, and ACC does not expect to recover a security’s amortized cost, the security is also considered other-than-temporarily impaired. For these securities, ACC separates the total impairment into the credit loss component and the amount of the loss related to other factors. The amount of the total other-than-temporary impairment related to credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss), net of income taxes. For Available-for-Sale securities that have recognized an other-than-temporary impairment through earnings, the difference between the amortized cost and the cash flows expected to be collected is accreted as interest income, if through subsequent evaluation there is a sustained increase in the cash flow expected. Subsequent increases and decreases in the fair value of Available-for-Sale securities are included in other comprehensive income (loss).

F-9

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


ACC provides a supplemental disclosure on the face of its Consolidated Statements of Operations that presents (i) total other-than-temporary impairment losses recognized during the period and (ii) the portion of other-than-temporary impairment losses recognized in other comprehensive income (loss). The sum of these amounts represents the credit-related portion of other-than-temporary impairments that were recognized in earnings during the period. The portion of other-than-temporary losses recognized in other comprehensive income (loss) includes: (i) the portion of other-than-temporary impairment losses related to factors other than credit recognized during the period and (ii) reclassifications of other-than-temporary impairment losses previously determined to be related to factors other than credit that are determined to be credit-related in the current period. The amount presented on the Consolidated Statements of Operations as the portion of other-than-temporary losses recognized in other comprehensive income (loss) excludes subsequent increases and decreases in the fair value of these securities.
For all securities that are considered temporarily impaired, ACC does not intend to sell these securities (has not made a decision to sell) and it is not more likely than not that ACC will be required to sell the security before recovery of its amortized cost basis. ACC believes that it will collect all principal and interest due on all investments that have amortized cost in excess of fair value that are considered only temporarily impaired.
Factors ACC considers in determining whether declines in the fair value of fixed maturity securities are other-than-temporary include: (i) the extent to which the market value is below amortized cost; (ii) the duration of time in which there has been a significant decline in value; (iii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iv) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors. In order to determine the amount of the credit loss component for corporate debt securities considered other-than-temporarily impaired, a best estimate of the present value of cash flows expected to be collected discounted at the security’s effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and ACC’s position in the debtor’s overall capital structure.
For structured investments (e.g., residential mortgage backed securities, commercial mortgage backed securities, and asset backed securities), ACC also considers factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections in assessing potential other-than-temporary impairments of these investments. Based upon these factors, securities that have indicators of potential other-than-temporary impairment are subject to detailed review by management. Securities for which declines are considered temporary continue to be monitored by management until management determines there is no current risk of an other-than-temporary impairment.
Commercial Mortgage, Syndicated and Certificate Loans
Commercial Mortgage Loans and Syndicated Loans
Commercial mortgage loans and syndicated loans are reflected within investments in unaffiliated issuers at amortized cost less the allowance for loan losses.
Interest income is accrued on the unpaid principal balances of the loans as earned.
Certificate Loans
Certificate loans are reflected within investments in unaffiliated issuers at the unpaid principal balance, plus accrued interest. When originated, the loan balances do not exceed the cash surrender value of the underlying products. As there is minimal risk of loss related to certificate loans, ACC does not record an allowance for loan losses for certificate loans.
Nonaccrual Loans
Generally, loans are evaluated for or placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal or in accordance with the loan agreement unless the remaining principal balance has been determined to be fully collectible.
Commercial mortgage loans are evaluated for impairment when the loan is considered for nonaccrual status, restructured or foreclosure proceedings are initiated on the property. If it is determined that the fair value is less than the current loan balance, it is written down to fair value less selling costs. Foreclosed property is recorded as real estate owned. Syndicated loans are placed on nonaccrual status when management determines it will not collect all contractual principal and interest on the loan.
Allowance for Loan Losses
Management determines the adequacy of the allowance for loan losses based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including, when applicable, internal risk ratings, loan-to-value ratios, debt

F-10

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


service coverage and occupancy rates, along with economic and market conditions. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change.
ACC determines the amount of the allowance required based on management’s assessment of relative risk characteristics of the loan portfolio. The allowance is recorded for homogeneous loan categories on a pool basis, based on an analysis of product mix and risk characteristics of the portfolio, including geographic concentration, bankruptcy experiences, and historical losses, adjusted for current trends and market conditions.
While ACC attributes portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses inherent in the total loan portfolio. The allowance is increased through provisions charged to net realized gain (loss) on investments and reduced/increased by net charge-offs/recoveries.
Impaired Loans
ACC considers a loan to be impaired when, based on current information and events, it is probable ACC will not be able to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. Impaired loans may also include loans that have been modified in troubled debt restructurings as a concession to borrowers experiencing financial difficulties. Management evaluates for impairment all restructured loans and loans with higher impairment risk factors. Factors used by ACC to determine whether all amounts due on commercial mortgage loans will be collected, include but are not limited to, the financial condition of the borrower, performance of the underlying properties, collateral and/or guarantees on the loan, and the borrower’s estimated future ability to pay based on property type and geographic location.  The impairment recognized is measured as the excess of the loan’s recorded investment over: (i) the present value of its expected principal and interest payments discounted at the loan’s effective interest rate, (ii) the fair value of collateral or (iii) the loan’s observable market price.
Restructured Loans
A loan is classified as a restructured loan when ACC makes certain concessionary modifications to contractual terms for borrowers experiencing financial difficulties. When the interest rate, minimum payments, and/or due dates have been modified in an attempt to make the loan more affordable to a borrower experiencing financial difficulties, the modification is considered a troubled debt restructuring. Generally, performance prior to the restructuring or significant events that coincide with the restructuring are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the restructuring or after a performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status.
Real Estate Owned
ACC acquires certain parcels of real estate through foreclosure and takes physical possession of the real estate collateral. ACC records the underlying collateral as its own real estate, referred to as real estate owned (“REO”). REO is classified as held-for-sale and recorded at fair value less costs to sell.
Certificate Reserves
Investment certificates may be purchased either with a lump-sum payment or by installment payments. Certificate product owners are entitled to receive, at maturity, a definite sum of money. Payments from certificate owners are credited to investment certificate reserves. Investment certificate reserves accumulate interest at specified percentage rates as declared by ACC. Reserves also are maintained for advance payments made by certificate owners, accrued interest thereon, and for additional credits in excess of minimum guaranteed rates and accrued interest thereon. On certificates allowing for the deduction of a surrender charge, the cash surrender values may be less than accumulated investment certificate reserves prior to maturity dates. Cash surrender values on certificates allowing for no surrender charge are equal to certificate reserves. The payment distribution, reserve accumulation rates, cash surrender values, reserve values and other matters are governed by the 1940 Act.
Certain certificates offer a return based on the relative change in a stock market index. The certificates with an equity-based return contain embedded derivatives, which are carried at fair value within investment certificate reserves on the Consolidated Balance Sheets. The fair values of these embedded derivatives incorporate current market data inputs. Changes in fair value are reflected in provision for certificate reserves within the Consolidated Statements of Operations.
Derivatives and Hedging Activities
Derivative instruments, consisting of options and futures contracts, if any, are classified in the Consolidated Balance Sheets at fair value. The fair value of ACC’s derivative instruments is determined using either market quotes or valuation models that are based upon the net present value of estimated future cash flows and incorporate current market observable inputs to the extent available. The accounting for the change in the fair value of the derivative instrument depends on its intended use and the resulting hedge designation, if any. For derivative instruments that do not qualify for hedge accounting or are not designated as accounting hedges,

F-11

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


changes in fair value are recognized in current period earnings. ACC’s policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement.
Income Taxes
ACC’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. ACC provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and ACC, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded.
ACC’s provision for income taxes represents the net amount of income taxes that ACC expects to pay or to receive from various taxing jurisdictions in connection with its operations. ACC provides for income taxes based on amounts that ACC believes it will ultimately owe, taking into account the recognition and measurement for uncertain tax positions. Inherent in the provision for income taxes are estimates and judgments regarding the tax treatment of certain items. In connection with the provision for income taxes, ACC’s Consolidated Financial Statements reflect certain amounts related to deferred tax assets and liabilities, which result from temporary differences between the assets and liabilities measured for financial statement purposes versus the assets and liabilities measured for tax return purposes.
ACC is required to establish a valuation allowance for any portion of the deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established, and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business. Consideration is given to, among other things in making this determination, i) future taxable income exclusive of reversing temporary differences and carryforwards, ii) future reversals of existing taxable temporary differences, iii) taxable income in prior carryback years, and iv) tax planning strategies. Based on analysis of ACC’s tax positions, management believes it is more likely than not that ACC’s results of future operations and implementation of tax planning strategies will generate sufficient taxable income to enable ACC to utilize all of the deferred tax assets. Accordingly, no valuation allowance for deferred tax assets has been established as of December 31, 2014.
In 2013, ACC executed a Supplemental Tax Sharing Agreement with Ameriprise Financial. ACC cash settles with Ameriprise Financial the change in its deferred federal income taxes on a quarterly basis.
Recent Accounting Pronouncements
Adoption of New Accounting Standards
Income Taxes
In July 2013, the Financial Accounting Standards Board (“FASB”) updated the accounting standard for income taxes. The update provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The standard is effective for interim and annual periods beginning after December 15, 2013 and should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. ACC adopted the standard in the first quarter of 2014. The adoption of the standard did not have a material impact on the ACC’s consolidated results of operations and financial condition.
Investment Companies
In June 2013, the FASB updated the accounting standard related to investment companies. The standard provides a new two-tiered approach for determining whether a company is an investment company and requires new disclosures for investment companies. The standard is effective for interim and annual periods beginning after December 15, 2013 and is required to be applied prospectively. The adoption of the standard did not have a material impact on ACC’s consolidated results of operations and financial condition.
Future Adoption of New Accounting Standards
Presentation of Financial Statements - Going Concern
In August 2014, the FASB updated the accounting standard related to an entity’s assessment of its ability to continue as a going concern. The standard requires that management evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. In situations where there is substantial doubt about an entity’s ability to continue as a going concern, disclosure should be made so that a reader can understand the conditions that raise the substantial doubt, management’s assessment of those conditions and any plan management has to mitigate those conditions. The standard is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted. The adoption of the standard is not expected to have a material impact on ACC’s consolidated results of operations and financial condition.

F-12

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Revenue from Contracts with Customers
In May 2014, the FASB updated the accounting standards for revenue from contracts with customers. The update provides a five step revenue recognition model for all revenue arising from contracts with customers and affects all entities that enter into contracts to provide goods or services to their customers (unless the contracts are in the scope of other standards). The standard also updates the accounting for certain costs associated with obtaining and fulfilling a customer contract. In addition, the standard requires disclosure of quantitative and qualitative information that enables users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The standard is effective for interim and annual periods beginning after December 15, 2016 and early adoption is prohibited. The standard may be applied retrospectively for all periods presented or retrospectively with a cumulative-effect adjustment at the date of adoption. ACC is currently evaluating the impact of the standard on ACC’s consolidated results of operations and financial condition.
Receivables - Troubled Debt Restructuring by Creditors 
In January 2014, the FASB updated the accounting standard related to recognizing residential real estate obtained through a repossession or foreclosure from a troubled debtor. The update clarifies the criteria for derecognition of the loan receivable and recognition of the real estate property. The standard is effective for interim and annual periods beginning after December 15, 2014 and can be applied under a modified retrospective transition method or a prospective transition method. Early adoption is permitted. The adoption of the standard is not expected to have a material impact on ACC’s consolidated results of operations and financial condition.

2.  Deposit of Assets and Maintenance of Qualified Assets
Under the provisions of its certificates and the 1940 Act, ACC was required to have Qualified Assets (as defined in Section 28(b) of the 1940 Act) in the amount of $4.2 billion and $4.0 billion at December 31, 2014 and 2013, respectively. ACC reported Qualified Assets of $4.5 billion and $4.3 billion at December 31, 2014 and 2013, respectively. Qualified Assets excluded net unrealized pretax losses on Available-for-Sale securities of $10.6 million and $9.3 million at December 31, 2014 and 2013, respectively. Additionally, Qualified Assets excluded unsettled investment purchases of $2.3 million and $1.6 million at December 31, 2014 and 2013, respectively.
Qualified Assets are valued in accordance with such provisions of Minnesota Statutes as are applicable to investments of life insurance companies. These values are the same as financial statement carrying values, except for debt securities classified as Available-for-Sale and all marketable equity securities, which are carried at fair value in the consolidated financial statements but are valued at either amortized cost, market value or par value based on the state requirements for qualified asset and deposit maintenance purposes.
Pursuant to provisions of the certificates, the 1940 Act, the Depository and Custodial Agreement and requirements of various states, Qualified Assets (accounted for on a trade date basis) of ACC were deposited as follows:
 
December 31, 2014
 
Deposits
 
Required Deposits
 
Excess
 
(in thousands)
Deposits to meet certificate liability requirements:
 
 
 
 
 
Pennsylvania (at market value)
$
201

 
$
100

 
$
101

Texas, Illinois, New Jersey (at par value)
200

 
190

 
10

Custodian
4,408,584

 
4,209,041

 
199,543

Total
$
4,408,985

 
$
4,209,331

 
$
199,654

 
December 31, 2013
 
Deposits
 
Required Deposits
 
Excess
 
(in thousands)
Deposits to meet certificate liability requirements:
 
 
 
 
 
Pennsylvania (at market value)
$
181

 
$
100

 
$
81

Texas, Illinois, New Jersey (at par value)
215

 
205

 
10

Custodian
4,196,292

 
3,986,084

 
210,208

Total
$
4,196,688

 
$
3,986,389

 
$
210,299


F-13

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


The assets on deposit with the Custodian (or its subcustodian) at December 31, 2014 and 2013 consisted of securities and other loans having a deposit value of $4.3 billion and $4.0 billion, respectively, mortgage loans on real estate of $94.6 million and $115.9 million, respectively, and other investments of $27.8 million and $71.6 million, respectively. There were $604 thousand and nil of unsettled purchases of investments related to these assets on deposit at December 31, 2014 and 2013, respectively.
Ameriprise Trust Company ("ATC") is the Custodian for ACC. ATC has appointed JPMorgan Chase Bank, N.A. as its subcustodian. See Note 7 for information on related party transactions.

3.  Investments
Available-for-Sale securities distributed by type were as follows:
 
 
December 31, 2014
Description of Securities
 
Amortized 
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair
Value
 
Noncredit OTTI (1)
 
 
(in thousands)
Residential mortgage backed securities
 
$
2,234,011

 
$
15,233

 
$
(28,374
)
 
$
2,220,870

 
$
(6,497
)
Corporate debt securities
 
1,108,780

 
3,831

 
(3,367
)
 
1,109,244

 
3

Commercial mortgage backed securities
 
397,659

 
4,508

 
(687
)
 
401,480

 
—

Asset backed securities
 
481,919

 
2,595

 
(4,354
)
 
480,160

 
—

U.S. government and agencies obligations
 
378

 
55

 
—

 
433

 
—

Common stocks
 
2,343

 
4,224

 
(44
)
 
6,523

 
2,103

Total
 
$
4,225,090

 
$
30,446

 
$
(36,826
)
 
$
4,218,710

 
$
(4,391
)
 
 
December 31, 2013
Description of Securities
 
Amortized 
Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair
Value
 
Noncredit
OTTI (1)
 
 
(in thousands)
Residential mortgage backed securities
 
$
2,230,983

 
$
15,580

 
$
(38,506
)
 
$
2,208,057

 
$
(14,697
)
Corporate debt securities
 
935,794

 
9,847

 
(1,254
)
 
944,387

 
3

Commercial mortgage backed securities
 
303,071

 
4,273

 
(506
)
 
306,838

 
—

Asset backed securities
 
517,283

 
4,195

 
(2,921
)
 
518,557

 
—

U.S. government and agencies obligations
 
379

 
30

 
—

 
409

 
—

Common stocks
 
2,215

 
4,109

 
(1
)
 
6,323

 
1,839

Total
 
$
3,989,725

 
$
38,034

 
$
(43,188
)
 
$
3,984,571

 
$
(12,855
)
(1) Represents the amount of other-than-temporary impairment (“OTTI”) losses in accumulated other comprehensive income (loss). Amount includes unrealized gains and losses on impaired securities subsequent to the initial impairment measurement date. These amounts are included in gross unrealized gains and losses as of the end of the period.
As of December 31, 2014 and 2013, investment securities with a fair value of $25 thousand and $67 thousand, respectively, were pledged to meet contractual obligations under derivative contracts.

F-14

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


At both December 31, 2014 and 2013, fixed maturity securities comprised approximately 95% of ACC’s total investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”), including Moody’s Investors Service (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”), and Fitch Ratings Ltd. (“Fitch”). ACC uses the median of available ratings from Moody’s, S&P and Fitch, or if fewer than three ratings are available, the lower rating is used. When ratings from Moody’s, S&P and Fitch are unavailable, as is the case for many private placement securities, ACC may utilize ratings from other NRSROs or rate the securities internally. At December 31, 2014 and 2013, approximately $200.9 million and $106.3 million, respectively, of securities were internally rated by Columbia Management Investment Advisers, LLC (“CMIA”), an affiliate of ACC, using criteria similar to those used by NRSROs. A summary of fixed maturity securities by rating was as follows:
 
 
December 31, 2014
 
December 31, 2013
Ratings
 
Amortized 
Cost
 
Fair Value
 
Percent of Total
Fair Value
 
Amortized
Cost
 
Fair Value
 
Percent of Total
Fair Value
 
 
(in thousands, except percentages)
AAA
 
$
1,741,510

 
$
1,746,703

 
41
%
 
$
1,763,939

 
$
1,766,688

 
44
%
AA
 
223,735

 
223,636

 
5

 
102,397

 
104,544

 
3

A
 
917,024

 
911,908

 
22

 
1,125,224

 
1,122,795

 
28

BBB
 
1,128,592

 
1,127,802

 
27

 
733,685

 
741,023

 
19

Below investment grade
 
211,886

 
202,138

 
5

 
262,265

 
243,198

 
6

Total fixed maturities
 
$
4,222,747

 
$
4,212,187

 
100
%
 
$
3,987,510

 
$
3,978,248

 
100
%
At December 31, 2014 and 2013, approximately 63% and 58%, respectively, of the securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities.
The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position:
Description of Securities
 
December 31, 2014
 
Less than 12 months
 
12 months or more
 
Total
 
Number of Securities
 
Fair
Value
 
Unrealized
Losses
 
Number of Securities
 
Fair
Value
 
Unrealized
Losses
 
Number of Securities
 
Fair
Value
 
Unrealized
Losses
 
 
(in thousands, except number of securities)
Residential mortgage backed securities
 
56

 
$
616,280

 
$
(5,110
)
 
89

 
$
716,633

 
$
(23,264
)
 
145

 
$
1,332,913

 
$
(28,374
)
Corporate debt securities
 
55

 
597,937

 
(3,367
)
 
—

 
—

 
—

 
55

 
597,937

 
(3,367
)
Commercial mortgage backed securities
 
9

 
93,220

 
(271
)
 
4

 
36,018

 
(416
)
 
13

 
129,238

 
(687
)
Asset backed securities
 
7

 
105,452

 
(707
)
 
11

 
207,046

 
(3,647
)
 
18

 
312,498

 
(4,354
)
Common stocks
 
1

 
85

 
(42
)
 
1

 
10

 
(2
)
 
2

 
95

 
(44
)
Total
 
128

 
$
1,412,974

 
$
(9,497
)
 
105

 
$
959,707

 
$
(27,329
)
 
233

 
$
2,372,681

 
$
(36,826
)
Description of Securities
 
December 31, 2013
 
Less than 12 months
 
12 months or more
 
Total
 
Number of Securities
 
Fair
Value
 
Unrealized
Losses
 
Number of Securities
 
Fair
Value
 
Unrealized
Losses
 
Number of Securities
 
Fair
Value
 
Unrealized
Losses
 
 
(in thousands, except number of securities)
Residential mortgage backed securities
 
74

 
$
902,004

 
$
(10,923
)
 
70

 
$
365,396

 
$
(27,583
)
 
144

 
$
1,267,400

 
$
(38,506
)
Corporate debt securities
 
20

 
189,333

 
(997
)
 
2

 
20,084

 
(257
)
 
22

 
209,417

 
(1,254
)
Commercial mortgage backed securities
 
11

 
103,111

 
(506
)
 
2

 
136

 
—

 
13

 
103,247

 
(506
)
Asset backed securities
 
24

 
312,094

 
(2,905
)
 
1

 
6,116

 
(16
)
 
25

 
318,210

 
(2,921
)
Common stocks
 
1

 
11

 
(1
)
 
—

 
—

 
—

 
1

 
11

 
(1
)
Total
 
130

 
$
1,506,553

 
$
(15,332
)
 
75

 
$
391,732

 
$
(27,856
)
 
205

 
$
1,898,285

 
$
(43,188
)

F-15

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


As part of ACC’s ongoing monitoring process, management determined that a majority of the change in gross unrealized losses on its Available-for-Sale securities is attributable to movement in credit spreads.
The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of Operations for other-than-temporary impairments related to credit losses on Available-for-Sale securities for which a portion of the securities’ total other-than-temporary impairments was recognized in other comprehensive income (loss):
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Beginning balance
$
83,122

 
$
79,557

 
$
64,545

Credit losses for which an other-than-temporary impairment was not previously recognized
—

 
—

 
1,499

Reductions for securities sold during the period (realized)
(18,891
)
 
—

 
—

Credit losses for which an other-than-temporary impairment was previously recognized
682

 
3,565

 
13,513

Ending balance
$
64,913

 
$
83,122

 
$
79,557

The change in net unrealized securities gains (losses) in other comprehensive income (loss) includes two components, net of tax: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period and (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit other-than-temporary impairment losses to credit losses.
The following table presents a rollforward of the net unrealized securities gains (losses) on Available-for-Sale securities included in accumulated other comprehensive income (loss):
 
Net Unrealized
Investment
Gains (Losses)
 
Deferred
Income Tax
 
Accumulated Other
Comprehensive Income
(Loss) Related to Net
Unrealized Investment
Gains (Losses)
 
(in thousands)
 
Balance at January 1, 2012
$
(74,315
)
 
$
27,222

 
$
(47,093
)

Net unrealized securities gains arising during the period (1)
68,329

 
(25,233
)
 
43,096

 
Reclassification of losses included in net income
14,412

 
(5,044
)
 
9,368

 
Balance at December 31, 2012
8,426

 
(3,055
)
 
5,371

(2) 
Net unrealized securities losses arising during the period (1)
(16,670
)
 
6,149

 
(10,521
)
 
Reclassification of losses included in net income
3,090

 
(1,081
)
 
2,009

 
Balance at December 31, 2013
(5,154
)
 
2,013

 
(3,141
)
(2) 
Net unrealized securities losses arising during the period (1)
(569
)
 
109

 
(460
)
 
Reclassification of gains included in net income
(657
)
 
230

 
(427
)
 
Balance at December 31, 2014
$
(6,380
)
 
$
2,352

 
$
(4,028
)
(2) 
(1) Net unrealized securities gains (losses) arising during the period include other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were recognized in other comprehensive income (loss) during the period.
(2) Includes $2.9 million, $8.4 million and $21.1 million of noncredit related impairments on securities and net unrealized securities losses on previously impaired securities at December 31, 2014, 2013 and 2012, respectively.
Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in earnings were as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Gross realized gains
$
2,729

 
$
726

 
$
792

Gross realized losses
(1,390
)
 
(251
)
 
(192
)
Other-than-temporary impairments
(682
)
 
(3,565
)
 
(15,012
)
Total
$
657

 
$
(3,090
)
 
$
(14,412
)

F-16

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Other-than-temporary impairments for the years ended December 31, 2014, 2013 and 2012 primarily related to credit losses on non-agency residential mortgage backed securities.
Available-for-Sale securities by contractual maturity at December 31, 2014 were as follows:
 
Amortized Cost
 
Fair Value
 
(in thousands)
Due within one year
$
269,754

 
$
270,551

Due after one year through five years
839,191

 
838,858

Due after five years through 10 years
—

 
—

Due after 10 years
213

 
268

 
1,109,158

 
1,109,677

Residential mortgage backed securities
2,234,011

 
2,220,870

Commercial mortgage backed securities
397,659

 
401,480

Asset backed securities
481,919

 
480,160

Common stocks
2,343

 
6,523

Total
$
4,225,090

 
$
4,218,710

Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due at a single maturity date. As such, these securities, as well as common stocks, were not included in the maturities distribution.

4.  Commercial Mortgage, Syndicated and Certificate Loans
ACC’s financing receivables include commercial mortgage loans, syndicated loans and certificate loans. See Note 1 for information regarding ACC’s accounting policies related to loans and the allowance for loan losses.
Allowance for Loan Losses
The following tables present a rollforward of the allowance for loan losses for the years ended and the ending balance of the allowance for loan losses by impairment method and type of loan:
 
December 31, 2014
 
Commercial Mortgage Loans
 
Syndicated Loans
 
Total
 
(in thousands)
Beginning balance
$
2,341

 
$
2,120

 
$
4,461

Charge-offs
—

 
(997
)
 
(997
)
Ending balance
$
2,341

 
$
1,123

 
$
3,464


Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
2,341

 
1,123

 
3,464

 
December 31, 2013
 
Commercial Mortgage Loans
 
Syndicated Loans
 
Total
 
(in thousands)
Beginning balance
$
2,576

 
$
3,084

 
$
5,660

Charge-offs
(235
)
 
(964
)
 
(1,199
)
Ending balance
$
2,341

 
$
2,120

 
$
4,461


Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
2,341

 
2,120

 
4,461


F-17

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
December 31, 2012
 
Commercial Mortgage Loans
 
Syndicated Loans
 
Total
 
(in thousands)
Beginning balance
$
2,576

 
$
4,163

 
$
6,739

Charge-offs
—

 
(1,079
)
 
(1,079
)
Ending balance
$
2,576

 
$
3,084

 
$
5,660


Individually evaluated for impairment
$
1,000

 
$
—

 
$
1,000

Collectively evaluated for impairment
1,576

 
3,084

 
4,660

The recorded investment in financing receivables by impairment method and type of loan was as follows:
 
December 31, 2014
 
Commercial Mortgage Loans
 
Syndicated Loans
 
Total
 
(in thousands)
Individually evaluated for impairment
$
1,751

 
$
1,868

 
$
3,619

Collectively evaluated for impairment
95,222

 
57,105

 
152,327

Total
$
96,973

 
$
58,973

 
$
155,946

 
December 31, 2013
 
Commercial Mortgage Loans
 
Syndicated Loans
 
Total
 
(in thousands)
Individually evaluated for impairment
$
1,814

 
$
3,374

 
$
5,188

Collectively evaluated for impairment
116,398

 
14,116

 
130,514

Total
$
118,212

 
$
17,490

 
$
135,702

As of December 31, 2014 and 2013, ACC’s recorded investment in financing receivables individually evaluated for impairment for which there was no related allowance for loan losses was $3.6 million and $5.2 million, respectively. Unearned income, unamortized premiums and discounts, and net unamortized deferred fees and costs are not material to ACC’s total loan balance.
Purchases and sales of loans were as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Purchases
 

 
 

 
 

Syndicated loans
$
46,569

 
$
—

 
$
—

 
Sales
 

 
 

 
 

Syndicated loans
$
—

 
$
821

 
$
2,673

ACC has not acquired any loans with deteriorated credit quality as of the acquisition date.
Credit Quality Information
Nonperforming loans, which are generally loans 90 days or more past due, were $1.9 million and $1.5 million as of December 31, 2014 and 2013, respectively. All other loans were considered to be performing.
Commercial Mortgage Loans
ACC reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates as necessary. Commercial mortgage loans which management has assigned its highest risk rating were

F-18

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


1.8% and 1.5% of total commercial mortgage loans as of December 31, 2014 and 2013, respectively. Loans with the highest risk rating represent distressed loans which ACC has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. In addition, ACC reviews the concentrations of credit risk by region and property type.
Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:
 
Loans
 
Percentage
 
December 31,
 
December 31,
 
2014
 
2013
 
2014
 
2013
 
(in thousands)
 
 
 
 
East North Central
$
1,139

 
$
3,276

 
1
%
 
3
%
Middle Atlantic
7,328

 
8,148

 
8

 
7

Mountain
8,764

 
9,402

 
9

 
8

New England
10,101

 
10,440

 
10

 
9

Pacific
20,986

 
29,830

 
22

 
25

South Atlantic
29,765

 
34,188

 
30

 
29

West North Central
10,301

 
13,576

 
11

 
11

West South Central
8,589

 
9,352

 
9

 
8

 
96,973

 
118,212

 
100
%
 
100
%
Less: allowance for loan losses
2,341

 
2,341

 
 

 
 

Total
$
94,632

 
$
115,871

 
 

 
 

Concentrations of credit risk of commercial mortgage loans by property type were as follows:
 
Loans
 
Percentage
 
December 31,
 
December 31,
 
2014
 
2013
 
2014
 
2013
 
(in thousands)
 
 
 
 
Apartments
$
26,129

 
$
34,199

 
27
%
 
29
%
Industrial
14,159

 
23,069

 
15

 
20

Office
10,822

 
11,141

 
11

 
9

Retail
31,571

 
34,099

 
33

 
29

Hotel
1,254

 
1,403

 
1

 
1

Other
13,038

 
14,301

 
13

 
12

 
96,973

 
118,212

 
100
%
 
100
%
Less: allowance for loan losses
2,341

 
2,341

 
 

 
 

Total
$
94,632

 
$
115,871

 
 

 
 

Syndicated Loans
ACC’s syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for syndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total nonperforming syndicated loans at December 31, 2014 and 2013 were $1.9 million and $1.5 million, respectively, which represent 3% and 9% of total syndicated loans at December 31, 2014 and 2013, respectively.

F-19

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Troubled Debt Restructurings
The following table presents the number of loans restructured by ACC during the years ended December 31 and their recorded investment at the end of the period:
 
2014
 
2013
 
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
 
(in thousands, except number of loans)
Commercial mortgage loans
—

 
$
—

 
1

 
$
1,988

Syndicated loans
1

 
288

 
1

 
244

Total
1

 
$
288

 
2

 
$
2,232

During the year ended December 31, 2014, ACC restructured one syndicated loan and received three loans in exchange. The troubled debt restructurings did not have a material impact to ACC’s allowance for loan losses or income recognized for the years ended December 31, 2014, 2013 and 2012. There are no material commitments to lend additional funds to borrowers whose loans have been restructured.

5.  Certificate Reserves
Reserves maintained on outstanding certificates have been computed in accordance with the provisions of the certificates and Section 28 of the 1940 Act. The average rates of accumulation on certificate reserves were as follows:
 
December 31, 2014
 
Reserve Balance
 
Average Gross Accumulation Rates
 
Average Additional Credit Rates
 
(in thousands, except percentages)
Installment certificates:
 

 
 

 
 

Reserves to mature:
 

 
 

 
 

Without guaranteed rates (1)
$
17,879

 
0.42
%
 
0.42
%
Additional credits and accrued interest:
 

 
 

 
 

Without guaranteed rates (1)
32

 
N/A

 
N/A

Fully paid certificates:
 

 
 

 
 

Reserves to mature:
 

 
 

 
 

With guaranteed rates
20,937

 
3.29
%
 
0.01
%
Without guaranteed rates (1)
3,619,926

 
0.56
%
 
0.56
%
Equity indexed (2)
542,174

 
N/A

 
N/A

Additional credits and accrued interest:
 

 
 

 
 

With guaranteed rates
1,096

 
3.31
%
 
—

Without guaranteed rates (1)
4,580

 
N/A

 
N/A

Due to unlocated certificate holders
146

 
N/A

 
N/A

Total
$
4,206,770

 
 

 
 


F-20

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
December 31, 2013
 
Reserve Balance
 
Average Gross Accumulation Rates
 
Average Additional Credit Rates
 
(in thousands, except percentages)
Installment certificates:
 

 
 

 
 

Reserves to mature:
 

 
 

 
 

Without guaranteed rates (1)
$
22,751

 
0.36
%
 
0.36
%
Additional credits and accrued interest:
 

 
 

 
 

Without guaranteed rates (1)
203

 
N/A

 
N/A

Fully paid certificates:
 

 
 

 
 

Reserves to mature:
 

 
 

 
 

With guaranteed rates
24,114

 
3.26
%
 
0.01
%
Without guaranteed rates (1)
3,359,966

 
0.66
%
 
0.66
%
Equity indexed (2)
569,497

 
N/A

 
N/A

Additional credits and accrued interest:
 

 
 

 
 

With guaranteed rates
1,396

 
3.24
%
 
—

Without guaranteed rates (1)
5,577

 
N/A

 
N/A

Due to unlocated certificate holders
203

 
N/A

 
N/A

Total
$
3,983,707

 
 

 
 

N/A Not Applicable.
(1) There is no minimum rate of accrual on these reserves. Interest is declared periodically, quarterly, or annually in accordance with the terms of the separate series of certificates.
(2) Ameriprise Stock Market Certificate and Ameriprise Market Strategy Certificate enable the certificate owner to participate in any relative rise in a major stock market index up to a cap without risking loss of principal. Generally the certificates have a term of 52 weeks and may continue for up to 20 years. The reserve balances on these certificates at December 31, 2014 and 2013 were $587.1 million and $618.3 million, respectively.
On certain series of single payment certificates, additional interest is pre-declared for periods greater than one year. The retained earnings appropriated for the pre-declared additional interest at December 31, 2014 and 2013 was $58 thousand and $26 thousand, respectively, which reflects the difference between certificate reserves on these series, calculated on a statutory basis, and the reserves maintained per books.
The carrying amounts of net certificate reserves consisted of the following:
 
December 31,
 
2014
 
2013
 
(in thousands)
Reserves with terms of one year or less
$
3,960,711

 
$
3,826,285

Other
246,059

 
157,422

Total certificate reserves
4,206,770

 
3,983,707

Unapplied certificate transactions
2,110

 
2,013

Certificate loans and accrued interest
(942
)
 
(1,236
)
Total
$
4,207,938

 
$
3,984,484


6.  Regulation and Dividend Restrictions
Certain series of installment certificates outstanding provide that cash dividends may be paid by ACC only in calendar years for which additional credits of at least one-half of 1% on such series of certificates have been authorized by ACC. This restriction has been satisfied for 2014 and 2013 by ACC’s declaration of additional credits.
ACC is required to maintain cash and “qualified assets” meeting the standards of Section 28(b) of the 1940 Act, as modified by an order of the SEC. The amortized cost of such investments must be at least equal to ACC’s net liabilities on all outstanding face-amount certificates plus $250,000. ACC’s qualified assets consist of cash equivalents, syndicated loans, commercial mortgage loans,

F-21

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


U.S. government and government agency securities, municipal bonds, corporate bonds, common stocks, equity index options and other securities meeting specified standards. So long as ACC wishes to rely on the SEC order, as a condition to the order, ACC has agreed to maintain an amount of unappropriated retained earnings and capital equal to at least 5% of certificate reserves (less outstanding certificate loans). To the extent that payment of a dividend would decrease the capital ratio below the required 5%, payment of a dividend would be restricted. In determining compliance with this condition, qualified assets are valued in accordance with the provisions of Minnesota Statutes where such provisions are applicable.
ACC has also entered into a written understanding with the Minnesota Department of Commerce, that ACC will maintain capital equal to 5% of the assets of ACC (less outstanding certificate loans). To the extent that payment of a dividend would decrease this ratio below the required 5%, payment of a dividend would be restricted. When computing its capital for these purposes, ACC values its assets on the basis of statutory accounting for insurance companies rather than GAAP. ACC is subject to examination and supervision by the Minnesota Department of Commerce (Banking Division).
Ameriprise Financial and ACC entered into a Capital Support Agreement on March 2, 2009, pursuant to which Ameriprise Financial agrees to commit such capital to ACC as is necessary to satisfy applicable minimum capital requirements. Effective April 30, 2014, this agreement was amended to revise the maximum commitment to $50 million. The previous maximum commitment, set March 2, 2009, was $115 million. For the year ended December 31, 2014, Ameriprise Financial has not infused any additional capital into ACC under this agreement.

7.  Related Party Transactions
Distribution Services
Fees payable to AFSI on sales of ACC’s certificates are based upon terms of agreements giving AFSI the right to distribute the certificates covered under the agreements. The agreements provide for payment of fees over a period of time.
From time to time, ACC may sponsor or participate in sales promotions involving one or more of the certificates and their respective terms. These promotions may offer a special interest rate to attract new clients or retain existing clients. To cover the cost of these promotions, distribution fees paid to AFSI may be lowered.
Effective September 19, 2014, the Ameriprise Installment Certificates have contractual distribution fee rates of 0.50% of all payments received on or after issue of the certificate until the certificate's maturity date. The previous effective rate, set April 30, 1997, was 2.5%.
Effective September 19, 2014, the Ameriprise Cash Reserve Certificates have contractual distribution fee rates of 0.03% of the purchase price at the time of issuance and 0.03% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters from issue date. These rates were previously set on May 21, 2012 at 0.025%.
Effective April 26, 2000, the Ameriprise Flexible Savings Certificates have contractual distribution fee rates of 0.08% of the purchase price at the time of issuance and 0.08% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters from issue date. Since January 2, 2007, ACC has continuously offered seven and thirteen month Flexible Savings Certificates. Since the continuous offering began, the distribution fee on seven month Flexible Savings Certificates has been 0.08% of the initial payment, 0.08% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters after issuance and 0.027% at the beginning of the last month. The distribution fee on the thirteen month term has been 0.032% of the initial payment, 0.032% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters after issuance and 0.011% at the beginning of the last month.
Effective October 25, 2011, the Ameriprise Stock Market Certificate and Ameriprise Market Strategy Certificates, sold through AFSI, have contractual distribution fee rates of 0.50% of the initial investment on the first day of the certificate’s term and 0.50% of the reserves maintained for these certificates at the beginning of each subsequent term. The previous effective rate, set April 28, 1999, was 0.90%.
Investment Advisory and Services
Effective December 31, 2006, the investment advisory and services agreement with CMIA provides for a graduated scale of fees equal on an annual basis to 0.35% on the first $250 million of total book value of investments of ACC, 0.30% on the next $250 million, 0.25% on the next $500 million and 0.20% on the amount in excess of $1 billion. The fee is payable monthly in an amount equal to one-twelfth of each of the percentages set forth above. Net invested assets for purposes of this computation are cash equivalents, accounts receivable for interest and dividends and securities sold, accounts payable for invested assets purchased, securities available-for-sale (including any segregated assets), purchased equity index options, written equity index options and mortgages.

F-22

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


The fee paid to CMIA for managing and servicing syndicated loans is equal to 0.35%. The fee is payable monthly and is equal to one-twelfth of 0.35%, computed each month on the basis of book value of the loans as of the close of business on the last full business day of the preceding month.
Transfer Agent Fees
The basis of computing transfer agent fees paid or payable to Columbia Management Investment Services Corp. (“CMIS”) is under a Transfer Agent Agreement to maintain certificate owner accounts and records.  Effective January 1, 2013, ACC pays CMIS a monthly fee of one-twelfth of $26.00 per certificate account for this service in addition to certain out-of-pocket expenses. The previous fee, set December 31, 2006, was $20.00 per certificate account.
Depository Fees
In December 2008, ATC entered into an agreement with a subcustodian to provide depository services for ACC’s assets. As a result, the depository fees paid to Ameriprise Trust Company are asset-based with additional charges for transactional custody fees charged by the subcustodian.

8.  Fair Values of Assets and Liabilities
GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale.
Valuation Hierarchy
ACC categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by ACC’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows:
Level 1
Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.
Level 2
Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.
Level 3
Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis:
 
December 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
Assets
 

 
 

 
 

 
 

Cash equivalents
$
—

 
$
27,798

 
$
—

 
$
27,798

Available-for-Sale securities:
 

 
 

 
 

 
 

Residential mortgage backed securities
—

 
2,024,312

 
196,558

 
2,220,870

Corporate debt securities
—

 
943,743

 
165,501

 
1,109,244

Commercial mortgage backed securities
—

 
401,480

 
—

 
401,480

Asset backed securities
—

 
461,972

 
18,188

 
480,160

U.S. government and agencies obligations
433

 
—

 
—

 
433

Common stocks
2,315

 
3,300

 
908

 
6,523

Total Available-for-Sale securities
2,748

 
3,834,807

 
381,155

 
4,218,710

Equity options, purchased
—

 
45,857

 
—

 
45,857

Total assets at fair value
$
2,748

 
$
3,908,462

 
$
381,155

 
$
4,292,365

 
 
 
 
 
 
 
 
Liabilities
 

 
 

 
 

 
 

Certificate reserves
$
—

 
$
5,875

 
$
—

 
$
5,875

Equity options, written
—

 
40,073

 
—

 
40,073

Total liabilities at fair value
$
—

 
$
45,948

 
$
—

 
$
45,948


F-23

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
December 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
Assets
 

 
 

 
 

 
 

Cash equivalents
$
—

 
$
71,598

 
$
—

 
$
71,598

Available-for-Sale securities:
 

 
 

 
 

 
 

Residential mortgage backed securities
—

 
2,079,151

 
128,906

 
2,208,057

Corporate debt securities
—

 
821,355

 
123,032

 
944,387

Commercial mortgage backed securities
—

 
306,838

 
—

 
306,838

Asset backed securities
—

 
481,405

 
37,152

 
518,557

U.S. government and agencies obligations
409

 
—

 
—

 
409

Common stocks
2,568

 
3,482

 
273

 
6,323

Total Available-for-Sale securities
2,977

 
3,692,231

 
289,363

 
3,984,571

Equity options, purchased
—

 
72,848

 
—

 
72,848

Total assets at fair value
$
2,977

 
$
3,836,677

 
$
289,363

 
$
4,129,017

 
 
 
 
 
 
 
 
Liabilities
 

 
 

 
 

 
 

Certificate reserves
$
—

 
$
7,160

 
$
—

 
$
7,160

Equity options, written
—

 
65,958

 
—

 
65,958

Total liabilities at fair value
$
—

 
$
73,118

 
$
—

 
$
73,118

The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis:
 
Available-for-Sale Securities
 
 
 
 
Residential Mortgage
Backed
Securities
 
Corporate
Debt
Securities
 
Commercial Mortgage
Backed
Securities
 
Asset
Backed
Securities
 
Common
Stocks
 
Total
 
 
(in thousands)
 
Balance, January 1, 2014
$
128,906

 
$
123,032

 
$
—

 
$
37,152

 
$
273

 
$
289,363

 
Total gains (losses) included in:
 
 
 
 
 
 
 
 
 
 
 
Net income
(364
)
 
(1,377
)
 
—

 
124

 
—

 
(1,617
)
(1) 
Other comprehensive loss
339

 
(476
)
 
—

 
(168
)
 
28

 
(277
)
 
Purchases
365,212

 
74,822

 
20,000

 
21,651

 
128

 
481,813

 
Settlements
(21,950
)
 
(30,500
)
 
—

 
(4,768
)
 
—

 
(57,218
)
 
Transfers into Level 3
—

 
—

 
—

 
—

 
1,065

 
1,065

 
Transfers out of Level 3
(275,585
)
 
—

 
(20,000
)
 
(35,803
)
 
(586
)
 
(331,974
)
 
Balance, December 31, 2014
$
196,558

 
$
165,501

 
$
—

 
$
18,188

 
$
908

 
$
381,155

 
Changes in unrealized gains (losses) relating to assets held at December 31, 2014 included in investment income:
$
(233
)
 
$
(526
)
 
$
—

 
$
157

 
$
—

 
$
(602
)
 
(1) Included in investment income in the Consolidated Statements of Operations.
 

F-24

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
Available-for-Sale Securities
 
 
 
 
Residential Mortgage
Backed
Securities
 
Corporate
Debt
Securities
 
Commercial Mortgage
Backed
Securities
 
Asset
Backed
Securities
 
Common
Stocks
 
Total
 
 
(in thousands)
 
Balance, January 1, 2013
$
252,598

 
$
110,643

 
$
36,060

 
$
22,223

 
$
824

 
$
422,348

 
Total gains (losses) included in:
 
 

 
 

 
 

 
 

 
 
 
Net income
(54
)
 
(1,135
)
 
(175
)
 
177

 
—

 
(1,187
)
(1) 
Other comprehensive loss
168

 
(575
)
 
(396
)
 
(517
)
 
(32
)
 
(1,352
)
 
Purchases
248,049

 
14,103

 
9,970

 
186,979

 
12

 
459,113

 
Settlements
(9,156
)
 
—

 
(35,489
)
 
(4,134
)
 
—

 
(48,779
)
 
Transfers into Level 3
—

 
—

 
—

 
7,872

 
46

 
7,918

 
Transfers out of Level 3
(362,699
)
 
(4
)
 
(9,970
)
 
(175,448
)
 
(577
)
 
(548,698
)
 
Balance, December 31, 2013
$
128,906

 
$
123,032

 
$
—

 
$
37,152

 
$
273

 
$
289,363

 
Changes in unrealized gains (losses) relating to assets held at December 31, 2013 included in investment income:
$
(53
)
 
$
(1,135
)
 
$
—

 
$
167

 
$
—

 
$
(1,021
)
 
(1) Included in investment income in the Consolidated Statements of Operations.
 
 
Available-for-Sale Securities
 
 
 
 
 
 
Residential Mortgage
Backed
Securities
 
Corporate
Debt
Securities
 
Commercial Mortgage
Backed
Securities
 
Asset
Backed
Securities
 
Common
Stocks
 
Derivatives
 
Total
 
 
(in thousands)
 
Balance, January 1, 2012
$
80,580

 
$
12,984

 
$
—

 
$
27,812

 
$
340

 
$
4

 
$
121,720

 
Total gains (losses) included in:
 
 

 
 

 
 

 
 

 
 

 
 
 
Net income
(5,286
)
(1) 
(259
)
(2) 
(41
)
(2) 
246

(2) 
—

 
—

 
(5,340
)
 
Other comprehensive income
10,871

 
458

 
349

 
508

 
(14
)
 
—

 
12,172

 
Purchases
268,970

 
99,856

 
12,203

 
—

 
873

 
—

 
381,902

 
Sales
—

 
—

 
—

 
—

 
—

 
(4
)
 
(4
)
 
Settlements
(27,401
)
 
(2,399
)
 
—

 
(6,343
)
 
—

 
—

 
(36,143
)
 
Transfers into Level 3
10,905

 
3

 
23,549

 
—

 
—

 
—

 
34,457

 
Transfers out of Level 3
(86,041
)
 
—

 
—

 
—

 
(375
)
 
—

 
(86,416
)
 
Balance, December 31, 2012
$
252,598

 
$
110,643

 
$
36,060

 
$
22,223

 
$
824

 
$
—

 
$
422,348

 
Changes in unrealized gains (losses) relating to assets held at December 31, 2012 included in investment income:
$
(5
)

$
(259
)

$
(41
)

$
231


$
—

 
$
—

 
$
(74
)
 
(1) Represents a $(5,246) loss included in net realized gain (loss) on investments and a $(40) loss included in investment income in the Consolidated Statements of Operations.
(2) Included in investment income in the Consolidated Statements of Operations.
 
During the year ended December 31, 2012, transfers from Level 3 included certain non-agency residential mortgage backed securities with a fair value of approximately $86.0 million. The transfers reflect improved pricing transparency of these securities, a continuing trend of increased activity in the non-agency residential mortgage backed securities market and observability of significant inputs to the valuation methodology. All other securities transferred from Level 3 represent securities with fair values that are now obtained from a third party pricing service with observable inputs. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote. ACC recognizes transfers between levels of the fair value

F-25

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


hierarchy as of the beginning of the quarter in which each transfer occurred. For assets and liabilities held at the end of the reporting periods that are measured at fair value on a recurring basis, there were no transfers between Level 1 and Level 2.
The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by ACC or reasonably available to ACC of Level 3 assets and liabilities:
 
December 31, 2014
 
Fair Value
 
Valuation Technique
 
Unobservable Input
 
Range (Weighted Average)
 
(in thousands)
 
 
 
 
 
 
Corporate debt securities (private placements)
$
165,498

 
Discounted cash flow
 
Yield/spread to U.S. Treasuries
 
1.1% - 1.5% (1.2%)
 
December 31, 2013
 
Fair Value
 
Valuation Technique
 
Unobservable Input
 
Range (Weighted Average)
 
(in thousands)
 
 
 
 
 
 
Corporate debt securities (private placements)
$
102,187

 
Discounted cash flow
 
Yield/spread to U.S. Treasuries
 
0.9% - 1.3% (1.2%)
Level 3 measurements not included in the table above are obtained from non-binding broker quotes where unobservable inputs are not reasonably available to ACC.
Sensitivity of Fair Value Measurements to Changes in Unobservable Inputs
Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities in isolation would result in a significantly lower (higher) fair value measurement.
Determination of Fair Value
ACC uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. ACC’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. ACC’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, ACC maximizes the use of observable inputs and minimizes the use of unobservable inputs.
The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.
Cash Equivalents
Cash equivalents include highly liquid investments with original maturities of 90 days or less. ACC’s cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization.
Available-for-Sale Securities
When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third party pricing services, non-binding broker quotes, or other model-based valuation techniques. Level 1 securities primarily include U.S. Treasuries and common stocks. Level 2 securities primarily include residential mortgage backed securities, corporate bonds, commercial mortgage backed securities, asset backed securities and common stock. The fair value of these Level 2 securities is based on a market approach with prices obtained from third party pricing services. Observable inputs used to value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes. Level 3 securities primarily include certain non-agency residential mortgage backed securities, corporate bonds, commercial mortgage backed securities, asset backed securities and common stocks. The fair value of corporate bonds, non-agency residential mortgage backed securities, commercial mortgage backed securities and certain asset backed securities classified as Level 3 is typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to ACC. ACC’s privately placed corporate bonds are typically based on a single non-binding broker quote. In addition to the general pricing controls, ACC reviews the broker prices to ensure that the broker quotes are reasonable and, when available, compares prices of privately issued securities to public issues from the same issuer to ensure that the implicit illiquidity premium applied to the privately placed investment is reasonable considering investment characteristics, maturity, and average life of the investment.
In consideration of the above, management is responsible for the fair values recorded on the financial statements. Prices received from third party pricing services are subjected to exception reporting that identifies investments with significant daily price

F-26

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


movements as well as no movements. ACC reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. ACC also performs subsequent transaction testing. ACC performs annual due diligence of third party pricing services. ACC’s due diligence procedures include assessing the vendor’s valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. ACC also considers the results of its exception reporting controls and any resulting price challenges that arise.
Derivatives (Equity Derivatives, Purchased and Written)
The fair value of derivatives that are traded in less active over-the-counter markets are generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial at December 31, 2014 and 2013. See Note 9 and Note 10 for further information on the credit risk of derivative instruments and related collateral.
Certificate Reserves
ACC uses various Black-Scholes calculations to determine the fair value of the embedded derivative liability associated with the provisions of its stock market certificates. The inputs to these calculations are primarily market observable and include interest rates, volatilities, and equity index levels. As a result, these measurements are classified as Level 2.
During the reporting periods, there were no material assets or liabilities measured at fair value on a nonrecurring basis.
The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value. All other financial instruments that are reported at fair value have been included above in the table with balances of assets and liabilities measured at fair value on a recurring basis.
 
December 31, 2014
 
Carrying 
Value
 
Fair Value
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
Financial Assets
 

 
 

 
 

 
 

 
 

Syndicated loans
$
57,850

 
$
—

 
$
54,933

 
$
2,603

 
$
57,536

Commercial mortgage loans
94,632

 
—

 
—

 
98,293

 
98,293

Certificate loans
926

 
—

 
926

 
—

 
926

Financial Liabilities
 

 
 

 
 

 
 

 
 

Certificate reserves
$
4,200,895

 
$
—

 
$
—

 
$
4,195,429

 
$
4,195,429

 
December 31, 2013
 
Carrying 
Value
 
Fair Value
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
Financial Assets
 

 
 

 
 

 
 

 
 

Syndicated loans
$
15,370

 
$
—

 
$
15,834

 
$
94

 
$
15,928

Commercial mortgage loans
115,871

 
—

 
—

 
118,186

 
118,186

Certificate loans
1,219

 
—

 
1,219

 
—

 
1,219

Financial Liabilities
 

 
 

 
 

 
 

 
 

Certificate reserves
$
3,976,547

 
$
—

 
$
—

 
$
3,982,012

 
$
3,982,012

Syndicated Loans
The fair value of syndicated loans is obtained from a third party pricing service or non-binding broker quotes. Syndicated loans that are priced by multiple non-binding broker quotes are classified as Level 2 and loans priced using a single non-binding broker quote are classified as Level 3.

F-27

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Commercial Mortgage Loans
The fair value of commercial mortgage loans, except those with significant credit deterioration, is determined by discounting contractual cash flows using discount rates that reflect current pricing for loans with similar remaining maturities, liquidity and characteristics including loan-to-value ratio, occupancy rate, refinance risk, debt service coverage, location, and property condition. For commercial mortgage loans with significant credit deterioration, fair value is determined using the same adjustments as above with an additional adjustment for ACC’s estimate of the amount recoverable on the loan. Given the significant unobservable inputs to the valuation of commercial mortgage loans, these measurements are classified as Level 3.
Certificate Loans
Certificate loans represent loans made against and collateralized by the underlying certificate balance. These loans do not transfer to third parties separate from the underlying certificate. The outstanding balance of these loans is considered a reasonable estimate of fair value and is classified as Level 2.
Certificate Reserves
The fair value of investment certificate reserves is determined by discounting cash flows using discount rates that reflect current pricing for assets with similar terms and characteristics, with adjustments for early withdrawal behavior, penalty fees, expense margin and ACC’s nonperformance risk specific to these liabilities. Given the use of significant unobservable inputs to this valuation, the measurement is classified as Level 3.

9. Offsetting Assets and Liabilities
Certain derivative instruments are eligible for offset in the Consolidated Balance Sheets. ACC’s derivative instruments are subject to master netting arrangements and collateral arrangements and qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. ACC’s policy is to recognize amounts subject to master netting arrangements on a gross basis on the Consolidated Balance Sheets.
The following tables present the gross and net information about ACC’s assets subject to master netting arrangements:
 
December 31, 2014
 
Gross
Amounts of
Recognized Assets
 
Gross Amounts
Offset in the
Consolidated
Balance Sheets
 
Amounts of Assets Presented in the Consolidated Balance Sheets
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
 
 
 
 
Financial Instruments (1)
 
Cash Collateral
 
Net Amount
 
(in thousands)
Equity options, purchased
$
45,857

 
$
—

 
$
45,857

 
$
(40,073
)
 
$
(3,824
)
 
$
1,960

 
December 31, 2013
 
Gross
Amounts of
Recognized Assets
 
Gross Amounts
Offset in the
Consolidated
Balance Sheets
 
Amounts of Assets Presented in the Consolidated Balance Sheets
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
 
 
 
 
Financial Instruments (1)
 
Cash Collateral
 
Net Amount
 
(in thousands)
Equity options, purchased
$
72,848

 
$
—

 
$
72,848

 
$
(65,958
)
 
$
(1,700
)
 
$
5,190

(1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.
The following tables present the gross and net information about ACC’s liabilities subject to master netting agreements:
 
December 31, 2014
 
Gross
Amounts of
Recognized Liabilities
 
Gross Amounts
Offset in the
Consolidated
Balance Sheets
 
Amounts of Liabilities Presented in the Consolidated Balance Sheets
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
 
 
 
 
Financial Instruments (1)
 
Cash Collateral
 
Net Amount
 
(in thousands)
Equity options, written
$
40,073

 
$
—

 
$
40,073

 
$
(40,073
)
 
$
—

 
$
—


F-28

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
December 31, 2013
 
Gross
Amounts of
Recognized Liabilities
 
Gross Amounts
Offset in the
Consolidated
Balance Sheets
 
Amounts of Liabilities Presented in the Consolidated Balance Sheets
 
Gross Amounts Not Offset in the Consolidated Balance Sheets
 
 
 
 
 
 
Financial Instruments (1)
 
Cash Collateral
 
Net Amount
 
(in thousands)
Equity options, written
$
65,958

 
$
—

 
$
65,958

 
$
(65,958
)
 
$
—

 
$
—

(1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.
In the tables above, the amounts of assets or liabilities presented in the Consolidated Balance Sheets are offset first by financial instruments that have the right of offset under master netting or similar arrangements, then any remaining amount is reduced by the amount of cash and securities collateral. The actual collateral may be greater than amounts presented in the tables.
See Note 10 for additional disclosures related to ACC’s derivative instruments.

10.  Derivatives and Hedging Activities
Derivative instruments enable ACC to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity and interest rate indices or prices. ACC primarily enters into derivative agreements for risk management purposes related to ACC’s products.
ACC uses derivatives as economic hedges of equity risk related to stock market certificates. ACC does not designate any derivatives for hedge accounting. The following table presents the balance sheet location and the gross fair value of derivative instruments, including embedded derivatives, by type of derivative and product:
 
 
 
 
Asset
 
 
 
Liability
Derivatives not designated as hedging instruments
 
Balance Sheet Location
 
December 31,
 
Balance Sheet Location
 
December 31,
 
 
2014
 
2013
 
 
2014
 
2013
 
 
 
 
(in thousands)
 
 
 
(in thousands)
Equity
 
 
 
 
 
 
 
 
Stock market certificates
 
Equity options, purchased
 
$
45,857

 
$
72,848

 
Equity options, written
 
$
40,073

 
$
65,958

Stock market certificates embedded derivatives
 
N/A
 
—

 
—

 
Certificate reserves
 
5,875

 
7,160

Total
 
 
 
$
45,857

 
$
72,848

 
 
 
$
45,948

 
$
73,118

N/A Not applicable.
See Note 8 for additional information regarding ACC’s fair value measurement of derivative instruments.
The following tables present a summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations for the years ended December 31:
Derivatives not designated as hedging instruments
 
Location of Gain (Loss) on Derivatives Recognized in Income
 
Amount of Gain (Loss) on Derivatives Recognized in Income
 
 
2014
 
2013
 
2012
 
 
 
 
(in thousands)
Equity
 
 
 
 

 
 

 
 
Stock market certificates
 
Net provision for certificate reserves
 
$
3,126

 
$
6,726

 
$
6,145

Stock market certificates embedded derivatives
 
Net provision for certificate reserves
 
(2,829
)
 
(5,674
)
 
(4,879
)
Total
 
 
 
$
297

 
$
1,052

 
$
1,266


F-29

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Ameriprise stock market certificates offer returns based upon the relative change in a major stock market index between the beginning and end of the certificate’s term. The stock market certificate products contain an embedded derivative. The equity based return of the certificate must be separated from the host contract and accounted for as a derivative instrument. As a result of fluctuations in equity markets, and the corresponding changes in value of the embedded derivative, the amount of expenses incurred by ACC related to the product will positively or negatively impact reported earnings. As a means of hedging its obligations under the provisions for these certificates, ACC purchases and writes call options on the S&P 500 Index®. ACC views this strategy as a prudent management of equity market sensitivity, such that earnings are not exposed to undue risk presented by changes in equity market levels. The gross notional amount of these derivative contracts was $1.0 billion at both December 31, 2014 and 2013. ACC also purchases futures on the S&P 500 Index to economically hedge its obligations. The futures are marked-to-market daily and exchange traded, exposing ACC to no counterparty risk. The gross notional amount of these derivative contracts was $410 thousand and $368 thousand at December 31, 2014 and 2013, respectively.
Credit Risk
Credit risk associated with ACC’s derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, ACC has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting arrangements and collateral arrangements whenever practical. See Note 9 for additional information on ACC’s credit exposure related to derivative assets.

11.  Shareholder’s Equity
The following table provides information related to amounts reclassified from accumulated other comprehensive loss for the years ended December 31:
Accumulated Other Comprehensive Loss Reclassification
 
Location of Loss Recognized in Income
 
2014
 
2013
 
 
 
 
(in thousands)
Unrealized net losses (gains) on Available-for-Sale securities
 
Net investment income
 
$
(657
)
 
$
3,090

Tax expense (benefit)
 
Income tax provision
 
230

 
(1,081
)
Net of tax
 
 
 
$
(427
)
 
$
2,009


12.  Income Taxes
The components of income tax provision were as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Current income tax:
 
 
 
 
 
Federal
$
4,496

 
$
13,028

 
$
4,828

State and local
420

 
368

 
(74
)
Total current income tax
4,916

 
13,396

 
4,754

Deferred income tax:
 
 
 
 
 
Federal
6,931

 
(589
)
 
6,459

State and local
(153
)
 
(27
)
 
413

Total deferred income tax
6,778

 
(616
)
 
6,872

Total income tax provision
$
11,694

 
$
12,780

 
$
11,626


F-30

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


The principal reasons that the aggregate income tax provision is different from that computed by using the U.S. statutory rate of 35% were as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
Tax at U.S. statutory rate
35.0
 %
 
35.0
%
 
35.0
%
Uncertain tax positions
(0.1
)
 
11.5

 
—

State income tax, net
0.5

 
0.8

 
1.4

Taxes applicable to prior years
(1.3
)
 
0.2

 
8.3

Income tax provision
34.1
 %
 
47.5
%
 
44.7
%
In 2013, ACC executed a Supplemental Tax Sharing Agreement with its parent company, Ameriprise Financial. ACC cash settles with Ameriprise Financial the change in its deferred federal income taxes on a quarterly basis. At December 31, 2014 and 2013, ACC held deferred federal income tax liabilities of $170 thousand and $178 thousand, respectively, related to the deferred federal taxes of its subsidiary, Investors Syndicate Development Corp. The remaining net deferred tax balance at December 31, 2014 and 2013 relates to ACC's deferred state tax assets. During the years ended December 31, 2014 and 2013, ACC paid $9.7 million and received $23.0 million, respectively, for the settlement of deferred federal income taxes.
ACC had a current receivable from Ameriprise Financial of $6.5 million and $3.5 million, at December 31, 2014 and 2013, respectively. This receivable is presented net with ACC's current taxes payable to parent on ACC's Consolidated Balance Sheets.
Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. The significant components of deferred tax assets and liabilities were as follows:
 
December 31,
 
2014
 
2013
 
(in thousands)
Deferred income tax assets:
 
 
 
Investments, including bond discounts and premiums
$
1,138

 
$
1,039

Certificate reserves
225

 
176

Investment unrealized losses, net
183

 
103

Total deferred income tax assets
1,546

 
1,318

 
 
 
 
Deferred income tax liabilities:
 
 
 
Depreciation
50

 
50

Other
11

 
23

Total deferred income tax liabilities
61

 
73

Net deferred income tax assets
$
1,485

 
$
1,245

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
 
2014
 
2013
 
2012
 
(in thousands)
Balance at January 1
$
5,837

 
$
736

 
$
736

Additions based on tax positions related to the current year
—

 
566

 
—

Additions for tax positions of prior years
—

 
4,535

 
—

Reductions for tax positions of prior years
(323
)
 
—

 
—

Balance at December 31
$
5,514

 
$
5,837

 
$
736

If recognized, approximately $2.5 million, $2.7 million and $(1.0) million, net of federal tax benefits, of the unrecognized tax benefits as of December 31, 2014, 2013 and 2012, respectively, would affect the effective tax rate.

F-31

AMERIPRISE CERTIFICATE COMPANY 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


It is reasonably possible that the total amounts of unrecognized tax benefits will change in the next 12 months. Based on the current audit position of ACC, it is estimated that the total amount of gross unrecognized tax benefits may decrease by $1.7 million in the next 12 months.
ACC recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. ACC recognized interest and penalties of $161 thousand, $542 thousand and nil for the years ended December 31, 2014, 2013 and 2012, respectively. At December 31, 2014 and 2013, ACC had a payable of $1.8 million and $1.6 million, respectively, related to accrued interest and penalties.
ACC files income tax returns, as part of its inclusion in the consolidated federal income tax returns of Ameriprise Financial, in the U.S. federal jurisdiction, and various states jurisdictions. The Internal Revenue Service (“IRS”) has completed its field examination of the 1997 through 2011 tax returns. However, for federal income tax purposes these years, except for 2007, continue to remain open as a consequence of certain unagreed upon issues. The IRS is currently auditing the ACC's U.S. income tax returns for 2012 and 2013. ACC's or certain of its subsidiaries' state income tax returns are currently under examination by various jurisdictions for years ranging from 1997 through 2008 and remain open for all years after 2008.

13.  Contingencies
The level of regulatory activity and inquiry in the financial services industry remains elevated. From time to time, ACC receives requests for information from, and/or has been subject to examination by, both the SEC and the Minnesota Department of Commerce concerning its business activities and practices. In addition, a number of state and federal regulatory agencies have initiated examinations and other inquiries related to unclaimed property and escheatment practices and procedures.  The Ameriprise organization has cooperated and will continue to cooperate with applicable regulators regarding their inquiries.
ACC may in the normal course of business be a party to legal, regulatory or arbitration proceedings concerning matters arising in connection with the conduct of its business activities. The outcome of any such proceeding cannot be predicted with any certainty. ACC believes that it is not a party to, nor are any of its properties the subject of, any pending legal, regulatory or arbitration proceedings that are reasonably likely to have a material adverse effect on ACC's financial condition, results of operations or liquidity. Notwithstanding the foregoing, it is possible that the outcome of any such legal, arbitration or regulatory proceedings could have a material impact on ACC’s results of operations in any particular reporting period as the proceedings are resolved.


F-32

Ameriprise Certificate Company    SCHEDULE I


Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
CASH EQUIVALENTS
 
 
 
 

 
 

 
 

 
 

 
COMMERCIAL PAPER
 
 
 
 

 
 

 
 

 
 

 
KROGER CO
 
1/5/2015
 
—
%
 
$
8,000

 
$
8,000

 
$
8,000

 
PACIFICORP
 
1/2/2015
 
—
%
 
10,000

 
10,000

 
10,000

 
PRUDENTIAL FINANCIAL INC
 
1/2/2015
 
—
%
 
2,800

 
2,800

 
2,800

 
PUBLIC SERVICE COMPANY OF COLORADO
 
1/14/2015
 
—
%
 
7,000

 
6,998

 
6,998

 
TOTAL CASH EQUIVALENTS
 
 
 
 

 
 

 
27,798

 
27,798

 
FIXED MATURITIES
 
 
 
 

 
 

 
 

 
 

 
U.S. GOVERNMENT AND AGENCIES OBLIGATIONS
 
 

 
 

 
 

 
 

 
UNITED STATES TREASURY
 
11/15/2028
 
5.250
%
 
200

 
213

 
268

 
UNITED STATES TREASURY
 
4/15/2017
 
0.875
%
 
165

 
165

 
165

 
TOTAL - U.S. GOVERNMENT AND AGENCIES OBLIGATIONS
 
 

 
378

 
433

 
RESIDENTIAL MORTGAGE BACKED SECURITIES
 
 
 
 
 
 
 
AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES:
 
 

 
 

 
 

 
FANNIE MAE ARM 70117
 
9/1/2017
 
2.270
%
 
3

 
3

 
3

 
FANNIE MAE ARM 70007
 
7/1/2017
 
1.869
%
 
13

 
13

 
13

 
FANNIE MAE ARM 105989
 
8/1/2020
 
3.203
%
 
21

 
22

 
21

 
FANNIE MAE ARM 88879
 
11/1/2019
 
2.578
%
 
73

 
73

 
73

 
FANNIE MAE ARM 89125
 
8/1/2019
 
1.873
%
 
104

 
105

 
109

 
FANNIE MAE ARM 190726
 
3/1/2033
 
4.825
%
 
226

 
231

 
241

 
FANNIE MAE FNMA_13-2 13-2 KF
 
1/25/2037
 
0.350
%
 
18,201

 
18,156

 
18,117

 
FANNIE MAE ARM 249907
 
2/1/2024
 
2.625
%
 
270

 
273

 
281

 
FANNIE MAE 254590
 
1/1/2018
 
5.000
%
 
1,384

 
1,385

 
1,457

 
FANNIE MAE 254591
 
1/1/2018
 
5.500
%
 
947

 
958

 
1,001

 
FANNIE MAE ARM 303259
 
3/1/2025
 
2.236
%
 
97

 
99

 
101

 
FANNIE MAE 303970
 
9/1/2024
 
6.000
%
 
668

 
661

 
765

 
FANNIE MAE 545492
 
2/1/2022
 
5.500
%
 
344

 
341

 
385

 
FANNIE MAE 545249
 
10/1/2016
 
5.500
%
 
239

 
239

 
252

 
FANNIE MAE 545303
 
9/1/2016
 
5.000
%
 
690

 
686

 
727

 
FANNIE MAE ARM 545786
 
6/1/2032
 
2.290
%
 
231

 
232

 
237

 
FANNIE MAE HYBRID ARM 566074
 
5/1/2031
 
2.400
%
 
482

 
481

 
508

 
FANNIE MAE HYBRID ARM 584507
 
6/1/2031
 
2.285
%
 
334

 
333

 
352

 
FANNIE MAE 584829
 
5/1/2016
 
6.000
%
 
55

 
55

 
56

 
FANNIE MAE 585743
 
5/1/2016
 
5.500
%
 
143

 
143

 
151

 
FANNIE MAE 616220
 
11/1/2016
 
5.000
%
 
216

 
214

 
227

 
FANNIE MAE 617270
 
1/1/2017
 
5.000
%
 
344

 
342

 
362

 
FANNIE MAE ARM 620293
 
1/1/2032
 
2.400
%
 
436

 
432

 
455

 
FANNIE MAE 622462
 
12/1/2016
 
5.500
%
 
294

 
293

 
311

 
FANNIE MAE 623866
 
2/1/2017
 
5.000
%
 
289

 
288

 
304

 
FANNIE MAE 625943
 
3/1/2017
 
5.000
%
 
287

 
286

 
302

 

F-33

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
FANNIE MAE AL1037
 
1/1/2037
 
2.361
%
 
7,491

 
7,999

 
8,051

 
FANNIE MAE AL2269
 
10/1/2040
 
2.774
%
 
11,610

 
12,360

 
12,287

 
FANNIE MAE AL3935
 
9/1/2037
 
2.250
%
 
19,023

 
20,156

 
20,393

 
FANNIE MAE AL3961
 
2/1/2039
 
2.147
%
 
14,010

 
14,810

 
14,874

 
FANNIE MAE
 
3/1/2037
 
2.140
%
 
15,653

 
16,491

 
16,675

 
FANNIE MAE
 
9/1/2036
 
2.163
%
 
21,798

 
23,029

 
23,284

 
FANNIE MAE
 
2/1/2039
 
2.364
%
 
17,762

 
18,884

 
19,077

 
FANNIE MAE AO8746
 
8/1/2027
 
2.500
%
 
32,200

 
33,313

 
32,872

 
FANNIE MAE ARM 651629
 
8/1/2032
 
2.145
%
 
330

 
330

 
345

 
FANNIE MAE ARM 654158
 
10/1/2032
 
1.790
%
 
634

 
636

 
673

 
FANNIE MAE ARM 654195
 
10/1/2032
 
1.790
%
 
632

 
633

 
671

 
FANNIE MAE ARM 655646
 
8/1/2032
 
2.228
%
 
402

 
402

 
419

 
FANNIE MAE ARM 655798
 
8/1/2032
 
2.149
%
 
687

 
685

 
730

 
FANNIE MAE ARM 661501
 
9/1/2032
 
2.191
%
 
204

 
205

 
208

 
FANNIE MAE ARM 661349
 
9/1/2032
 
2.231
%
 
277

 
277

 
293

 
FANNIE MAE ARM 661744
 
10/1/2032
 
2.203
%
 
511

 
513

 
547

 
FANNIE MAE ARM 664521
 
10/1/2032
 
2.080
%
 
192

 
193

 
197

 
FANNIE MAE ARM 664750
 
10/1/2032
 
2.074
%
 
460

 
461

 
483

 
FANNIE MAE ARM 670731
 
11/1/2032
 
1.790
%
 
485

 
487

 
508

 
FANNIE MAE ARM 670779
 
11/1/2032
 
1.790
%
 
1,073

 
1,080

 
1,126

 
FANNIE MAE ARM 670890
 
12/1/2032
 
1.797
%
 
692

 
695

 
735

 
FANNIE MAE ARM 670912
 
12/1/2032
 
1.790
%
 
567

 
569

 
602

 
FANNIE MAE ARM 670947
 
12/1/2032
 
1.795
%
 
637

 
641

 
677

 
FANNIE MAE FNMA_05-87 05-87 PE
 
12/25/2033
 
5.000
%
 
1,735

 
1,749

 
1,754

 
FANNIE MAE FNMA_06-36 06-36 GF
 
5/25/2036
 
0.470
%
 
10,367

 
10,418

 
10,379

 
FANNIE MAE FNMA_07-46 07-46 FB
 
5/25/2037
 
0.540
%
 
5,468

 
5,482

 
5,489

 
FANNIE MAE FNMA_09-107 09-107 FL
 
2/25/2038
 
0.820
%
 
11,173

 
11,231

 
11,247

 
FANNIE MAE FNMA_10-17 10-17 CA
 
11/25/2023
 
4.000
%
 
1,020

 
1,027

 
1,029

 
FANNIE MAE FNMA_10-28 10-28 MB
 
10/25/2027
 
7.000
%
 
4,462

 
4,523

 
4,534

 
FANNIE MAE FNMA_10-24 10-24 GA
 
9/25/2038
 
5.000
%
 
2,007

 
2,026

 
2,024

 
FANNIE MAE FNMA_10-39 10-39 JT
 
5/25/2038
 
5.000
%
 
12,843

 
13,067

 
13,050

 
FANNIE MAE ARM 694852
 
4/1/2033
 
2.135
%
 
532

 
541

 
565

 
FANNIE MAE 703446
 
5/1/2018
 
4.500
%
 
3,063

 
3,104

 
3,218

 
FANNIE MAE 704592
 
5/1/2018
 
5.000
%
 
962

 
973

 
1,014

 
FANNIE MAE 708635
 
6/1/2018
 
5.000
%
 
674

 
681

 
710

 
FANNIE MAE ARM 722779
 
9/1/2033
 
1.792
%
 
1,240

 
1,242

 
1,294

 
FANNIE MAE 725558
 
6/1/2034
 
2.212
%
 
643

 
638

 
693

 
FANNIE MAE
 
7/1/2033
 
1.793
%
 
1,120

 
1,116

 
1,153

 
FANNIE MAE
 
7/1/2034
 
1.773
%
 
421

 
413

 
447

 
FANNIE MAE ARM 733525
 
8/1/2033
 
1.925
%
 
932

 
897

 
978

 

F-34

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
FANNIE MAE 735034
 
10/1/2034
 
2.091
%
 
9,411

 
9,941

 
10,073

 
FANNIE MAE 735702
 
7/1/2035
 
2.156
%
 
7,367

 
7,591

 
7,857

 
FANNIE MAE ARM 739194
 
9/1/2033
 
2.161
%
 
644

 
646

 
685

 
FANNIE MAE ARM 743256
 
10/1/2033
 
2.209
%
 
363

 
358

 
384

 
FANNIE MAE ARM 743856
 
11/1/2033
 
2.208
%
 
289

 
290

 
306

 
FANNIE MAE ARM 758873
 
12/1/2033
 
2.151
%
 
772

 
764

 
821

 
FANNIE MAE 794787
 
10/1/2034
 
1.885
%
 
618

 
626

 
649

 
FANNIE MAE 799733
 
11/1/2034
 
2.144
%
 
503

 
511

 
534

 
FANNIE MAE 801917
 
10/1/2034
 
2.445
%
 
918

 
922

 
977

 
FANNIE MAE 801337
 
9/1/2034
 
1.951
%
 
5,826

 
6,143

 
6,218

 
FANNIE MAE 804561
 
9/1/2034
 
2.277
%
 
1,350

 
1,353

 
1,434

 
FANNIE MAE 807219
 
1/1/2035
 
2.425
%
 
3,844

 
3,878

 
4,107

 
FANNIE MAE 809532
 
2/1/2035
 
4.982
%
 
513

 
516

 
541

 
FANNIE MAE
 
8/1/2035
 
2.455
%
 
1,290

 
1,297

 
1,390

 
FANNIE MAE 889335
 
6/1/2018
 
4.500
%
 
2,725

 
2,766

 
2,864

 
FANNIE MAE 889485
 
6/1/2036
 
2.277
%
 
7,241

 
7,366

 
7,702

 
FANNIE MAE 922674
 
4/1/2036
 
2.474
%
 
3,870

 
3,966

 
4,128

 
FANNIE MAE 968438
 
1/1/2038
 
2.179
%
 
9,419

 
9,914

 
10,117

 
FANNIE MAE 995548
 
9/1/2035
 
2.206
%
 
5,115

 
5,233

 
5,444

 
FANNIE MAE 995123
 
8/1/2037
 
2.475
%
 
3,562

 
3,689

 
3,833

 
FANNIE MAE 995604
 
11/1/2035
 
2.319
%
 
14,448

 
15,266

 
15,390

 
FANNIE MAE 995614
 
8/1/2037
 
1.461
%
 
3,619

 
3,816

 
3,718

 
FANNIE MAE AB1980
 
12/1/2020
 
3.000
%
 
8,152

 
8,295

 
8,506

 
FANNIE MAE AB5230
 
5/1/2027
 
2.500
%
 
17,256

 
17,636

 
17,616

 
FANNIE MAE MA0099
 
6/1/2019
 
4.000
%
 
2,943

 
2,970

 
3,117

 
FANNIE MAE MA0598
 
12/1/2020
 
3.500
%
 
7,275

 
7,492

 
7,695

 
FANNIE MAE MA1144
 
8/1/2027
 
2.500
%
 
16,115

 
16,700

 
16,475

 
FANNIE MAE AD0901
 
4/1/2040
 
3.323
%
 
11,538

 
12,283

 
12,255

 
FANNIE MAE AE0559
 
12/1/2034
 
2.094
%
 
8,037

 
8,483

 
8,515

 
FANNIE MAE AE0566
 
8/1/2035
 
2.302
%
 
7,702

 
8,122

 
8,215

 
FREDDIE MAC STRUCTURED PASS THROUGH T-76 2A
 
10/25/2037
 
3.154
%
 
13,048

 
13,313

 
12,453

 
FREDDIE MAC_2574 CMO 2574 JM
 
12/15/2022
 
5.000
%
 
163

 
163

 
165

 
FREDDIE MAC_2586 CMO 2586 GB
 
1/15/2023
 
5.500
%
 
282

 
283

 
288

 
FREDDIE MAC_2901 2901 MA
 
10/15/2033
 
4.500
%
 
89

 
89

 
91

 
FREDDIE MAC_43-63
 
9/15/2041
 
0.526
%
 
17,492

 
17,530

 
17,562

 
FREDDIE MAC ARM 845154
 
7/1/2022
 
2.336
%
 
53

 
54

 
55

 
FREDDIE MAC ARM 845523
 
11/1/2023
 
2.253
%
 
14

 
14

 
14

 
FREDDIE MAC ARM 845654
 
2/1/2024
 
2.569
%
 
176

 
178

 
186

 
FREDDIE MAC ARM 845730
 
11/1/2023
 
2.311
%
 
205

 
210

 
212

 
FREDDIE MAC ARM 845733
 
4/1/2024
 
2.354
%
 
257

 
260

 
270

 

F-35

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
FREDDIE MAC ARM 846702
 
10/1/2029
 
2.314
%
 
66

 
68

 
70

 
FREDDIE MAC ARM 846107
 
2/1/2025
 
2.740
%
 
59

 
60

 
62

 
FREDDIE MAC 1N1474
 
5/1/2037
 
2.385
%
 
3,833

 
3,986

 
4,104

 
FREDDIE MAC 1H2520
 
6/1/2035
 
2.375
%
 
12,334

 
13,114

 
13,194

 
FREDDIE MAC 1Q1540
 
6/1/2040
 
3.020
%
 
19,795

 
21,185

 
21,153

 
FREDDIE MAC 1Q1515
 
11/1/2038
 
2.293
%
 
43,648

 
46,224

 
46,639

 
FREDDIE MAC
 
5/1/2038
 
2.258
%
 
32,610

 
34,520

 
34,816

 
FREDDIE MAC 1Q1548
 
8/1/2038
 
2.288
%
 
19,829

 
20,920

 
21,174

 
FREDDIE MAC ARM 350190
 
5/1/2022
 
2.375
%
 
49

 
50

 
49

 
FREDDIE MAC ARM 788941
 
12/1/2031
 
2.375
%
 
128

 
126

 
131

 
FREDDIE MAC 848922
 
4/1/2037
 
2.328
%
 
11,140

 
11,909

 
11,898

 
FREDDIE MAC
 
9/1/2039
 
2.576
%
 
10,304

 
10,901

 
10,939

 
FREDDIE MAC
 
8/1/2037
 
3.100
%
 
14,566

 
15,569

 
15,421

 
FREDDIE MAC ARM 1B0183
 
12/1/2031
 
2.531
%
 
118

 
116

 
121

 
FREDDIE MAC ARM 780845
 
9/1/2033
 
2.375
%
 
416

 
405

 
434

 
FREDDIE MAC ARM 780514
 
5/1/2033
 
2.375
%
 
674

 
690

 
712

 
FREDDIE MAC ARM 605048
 
11/1/2018
 
1.928
%
 
1

 
1

 
1

 
FREDDIE MAC ARM 840031
 
1/1/2019
 
2.250
%
 
4

 
4

 
4

 
FREDDIE MAC ARM 840035
 
1/1/2019
 
2.250
%
 
29

 
29

 
29

 
FREDDIE MAC ARM 840036
 
1/1/2019
 
2.250
%
 
18

 
18

 
18

 
FREDDIE MAC ARM 840072
 
6/1/2019
 
2.125
%
 
40

 
40

 
41

 
FREDDIE MAC ARM 405014
 
1/1/2019
 
2.260
%
 
21

 
21

 
21

 
FREDDIE MAC ARM 405092
 
3/1/2019
 
2.125
%
 
25

 
24

 
25

 
FREDDIE MAC ARM 405185
 
10/1/2018
 
2.125
%
 
50

 
50

 
52

 
FREDDIE MAC ARM 405243
 
7/1/2019
 
2.260
%
 
42

 
42

 
42

 
FREDDIE MAC ARM 405437
 
10/1/2019
 
2.275
%
 
45

 
45

 
45

 
FREDDIE MAC ARM 405615
 
10/1/2019
 
2.107
%
 
19

 
19

 
19

 
FREDDIE MAC ARM 605432
 
8/1/2017
 
2.088
%
 
14

 
14

 
14

 
FREDDIE MAC ARM 605433
 
9/1/2017
 
2.021
%
 
31

 
31

 
31

 
FREDDIE MAC ARM 605454
 
10/1/2017
 
2.310
%
 
10

 
10

 
10

 
FREDDIE MAC ARM 606024
 
2/1/2019
 
1.962
%
 
32

 
32

 
32

 
FREDDIE MAC ARM 606025
 
7/1/2019
 
1.700
%
 
85

 
85

 
87

 
FREDDIE MAC ARM 785363
 
2/1/2025
 
2.364
%
 
74

 
75

 
78

 
FREDDIE MAC ARM 865008
 
2/1/2018
 
3.030
%
 
46

 
46

 
47

 
FREDDIE MAC ARM 780903
 
9/1/2033
 
2.375
%
 
497

 
493

 
528

 
FREDDIE MAC
 
8/1/2034
 
2.375
%
 
1,783

 
1,803

 
1,896

 
FREDDIEMAC STRIP FHSTR_328
 
2/15/2038
 
0.506
%
 
20,158

 
20,189

 
20,194

 
FREDDIE MAC FHLMC_3812 3812 BE
 
9/15/2018
 
2.750
%
 
2,961

 
2,988

 
3,033

 
FREDDIE MAC FHLMC_4159 4159 FD
 
1/15/2043
 
0.511
%
 
18,829

 
18,900

 
18,986

 
FREDDIE MAC FHLMC_2934 2934 CI
 
1/15/2034
 
5.000
%
 
4,005

 
4,078

 
4,102

 

F-36

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
FREDDIE MAC FHLMC_3370 3370 TF
 
10/15/2037
 
0.491
%
 
5,150

 
5,157

 
5,168

 
FREDDIE MAC GOLD G11004
 
4/1/2015
 
7.000
%
 
—

 
—

 
—

 
FREDDIE MAC GOLD G11193
 
8/1/2016
 
5.000
%
 
227

 
226

 
238

 
FREDDIE MAC GOLD G11298
 
8/1/2017
 
5.000
%
 
434

 
434

 
456

 
FREDDIE MAC GOLD G30227
 
5/1/2023
 
5.500
%
 
1,042

 
1,070

 
1,164

 
FREDDIE MAC GOLD E90153
 
6/1/2017
 
6.000
%
 
104

 
105

 
108

 
FREDDIE MAC GOLD E90154
 
6/1/2017
 
6.000
%
 
234

 
237

 
242

 
FREDDIE MAC GOLD E91041
 
9/1/2017
 
5.000
%
 
361

 
361

 
379

 
FREDDIE MAC GOLD E95403
 
3/1/2018
 
5.000
%
 
485

 
491

 
509

 
FREDDIE MAC GOLD E95671
 
4/1/2018
 
5.000
%
 
627

 
634

 
659

 
FREDDIE MAC GOLD E01140
 
5/1/2017
 
6.000
%
 
493

 
498

 
514

 
FREDDIE MAC GOLD C90581
 
8/1/2022
 
5.500
%
 
297

 
295

 
332

 
FREDDIE MAC GOLD C90582
 
9/1/2022
 
5.500
%
 
164

 
163

 
183

 
GINNIE MAE A 10-59 VK
 
3/20/2036
 
4.000
%
 
11,303

 
11,468

 
11,452

 
GINNIE MAEA 11-72 M
 
6/20/2038
 
4.000
%
 
7,690

 
8,116

 
7,932

 
GINNIE MAE A
 
11/20/2041
 
0.605
%
 
14,661

 
14,697

 
14,819

 
GINNIE MAE G
 
10/20/2041
 
0.455
%
 
19,109

 
19,088

 
19,196

 
GINNIE MAE II ARM 8157
 
3/20/2023
 
1.625
%
 
101

 
102

 
104

 
GINNIE MAE II ARM 8206
 
3/20/2017
 
2.000
%
 
18

 
18

 
19

 
GINNIE MAE II ARM 8240
 
7/20/2017
 
1.625
%
 
14

 
13

 
14

 
GINNIE MAE II ARM 8251
 
8/20/2017
 
2.000
%
 
1

 
1

 
1

 
GINNIE MAE II ARM 8274
 
10/20/2017
 
2.500
%
 
47

 
46

 
48

 
GINNIE MAE II ARM 8283
 
11/20/2017
 
2.500
%
 
4

 
4

 
4

 
GINNIE MAE II ARM 8293
 
12/20/2017
 
2.500
%
 
10

 
10

 
10

 
GINNIE MAE II ARM 8353
 
5/20/2018
 
2.500
%
 
24

 
23

 
24

 
GINNIE MAE II ARM 8341
 
4/20/2018
 
2.500
%
 
2

 
2

 
2

 
GINNIE MAE II ARM 8365
 
6/20/2018
 
2.500
%
 
27

 
27

 
28

 
GINNIE MAE II ARM 8377
 
7/20/2018
 
2.500
%
 
15

 
14

 
15

 
GINNIE MAE II ARM 8428
 
11/20/2018
 
3.500
%
 
5

 
5

 
5

 
GINNIE MAE II ARM 8440
 
12/20/2018
 
3.500
%
 
17

 
17

 
18

 
GINNIE MAE II ARM 8638
 
6/20/2025
 
1.625
%
 
138

 
139

 
142

 
GINNIE MAE II
 
7/20/2040
 
1.625
%
 
12,946

 
13,424

 
13,491

 
GINNIE MAE II 082581
 
7/20/2040
 
4.000
%
 
17,345

 
18,629

 
18,090

 
GINNIE MAE II 082602
 
8/20/2040
 
4.000
%
 
29,155

 
31,349

 
31,139

 
GINNIE MAE II
 
12/20/2039
 
1.625
%
 
14,185

 
14,773

 
14,825

 
GINNIE MAE II 082464
 
1/20/2040
 
4.000
%
 
5,101

 
5,490

 
5,488

 
GINNIE MAE II 082497
 
3/20/2040
 
3.500
%
 
9,659

 
10,274

 
10,122

 

F-37

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
GINNIE MAE II
 
1/20/2041
 
1.625
%
 
13,536

 
14,095

 
14,106

 
GINNIE MAE II 082794
 
4/20/2041
 
3.500
%
 
21,152

 
22,600

 
22,184

 
TOTAL AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES
 
 
 
864,223

 
868,460

 
NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES:
 
 
 
 
 
 
 
ARMT_04-2
 
2/25/2035
 
2.503
%
 
1,183

 
1,200

 
1,171

 
ASSET BACKED SECURITIES CORP H
 
2/25/2035
 
0.845
%
 
1,683

 
1,601

 
1,673

 
BALTA_05-2
 
4/25/2035
 
2.692
%
 
2,769

 
2,764

 
2,462

 
BANC OF AMERICA ALTERNATIVE LOAN
 
2/25/2033
 
5.000
%
 
571

 
571

 
583

 
BANC OF AMERICA FUNDING CORP
 
9/20/2035
 
2.692
%
 
3,159

 
2,788

 
2,705

c
BANC OF AMERICA FUNDING CORP
 
10/3/2039
 
0.414
%
 
4,963

 
4,942

 
4,962

 
BANC OF AMERICA MORTGAGE SECURITIES
 
6/25/2019
 
5.000
%
 
501

 
507

 
507

 
BANK OF AMERICA FUNDING CORP
 
10/20/2035
 
4.765
%
 
3,112

 
2,925

 
2,990

 
BCAP LLC TRUST BCAP_09-RR1
 
11/26/2034
 
2.612
%
 
2,095

 
2,031

 
2,113

 
BCAP LLC TRUST BCAP_09-RR1
 
5/26/2035
 
2.614
%
 
8,137

 
7,866

 
8,223

 
BCAP LLC TRUST BCAP_09-RR1
 
5/26/2035
 
2.621
%
 
5,088

 
4,910

 
5,154

 
BCAP LLC TRUST BCAP_09-RR8
 
3/26/2037
 
5.500
%
 
1,387

 
1,378

 
1,425

 
BCAP LLC TRUST BCAP_10-RR6
 
10/26/2035
 
5.500
%
 
341

 
341

 
342

 
BCAP LLC TRUST BCAP_10-RR7
 
4/26/2035
 
4.621
%
 
236

 
236

 
236

 
BCAP LLC TRUST BCAP_11-RR10
 
6/26/2035
 
2.621
%
 
11,152

 
11,149

 
11,269

 
BCAP LLC TRUST BCAP_11-R11
 
10/26/2035
 
2.609
%
 
6,228

 
6,195

 
6,230

 
BCAP LLC TRUST BCAP_12-RR10
 
3/26/2036
 
2.611
%
 
28,334

 
28,793

 
28,485

 
BCAP LLC TRUST BCAP_12-RR10
 
3/26/2036
 
3.000
%
 
2,477

 
2,486

 
2,488

 
BCAP LLC TRUST BCAP_12-RR10
 
10/26/2035
 
2.710
%
 
7,044

 
7,107

 
7,166

 
BCAP LLC TRUST BCAP_12-RR11
 
7/26/2036
 
2.607
%
 
17,352

 
17,742

 
17,416

 
BCAP LLC TRUST BCAP_12-RR11
 
7/26/2037
 
3.000
%
 
7,949

 
8,002

 
7,994

 
BCAP LLC TRUST BCAP_12-RR12
 
6/26/2035
 
3.000
%
 
9,063

 
9,173

 
9,061

 
BCAP LLC TRUST BCAP_12-RR12
 
6/26/2037
 
3.000
%
 
5,553

 
5,591

 
5,556

 
BCAP LLC TRUST BCAP_12-RR3
 
7/26/2037
 
2.212
%
 
4,743

 
4,747

 
4,716

 
BCAP LLC TRUST BCAP_12-RR3
 
7/26/2035
 
2.590
%
 
8,358

 
8,503

 
8,389

 
BCAP LLC TRUST BCAP_12-RR3
 
1/26/2036
 
2.629
%
 
4,697

 
4,785

 
4,702

 
BCAP LLC TRUST BCAP_12-RR5
 
10/26/2036
 
2.585
%
 
7,265

 
7,288

 
7,293

 
BCAP LLC TRUST BCAP_12-RR6
 
5/26/2036
 
2.362
%
 
6,964

 
6,941

 
6,941

 
BCAP LLC TRUST BCAP_13-RR1
 
11/26/2035
 
2.354
%
 
9,111

 
9,222

 
9,158

 
BCAP LLC TRUST BCAP_13-RR8
 
5/26/2036
 
2.738
%
 
8,850

 
8,917

 
8,684

 
BCAP LLC TRUST BCAP_14-RR2
 
9/26/2046
 
1.075
%
 
13,222

 
12,844

 
12,779

 
BCAP_13-RR7
 
6/26/2037
 
2.407
%
 
9,197

 
9,267

 
9,169

 
BCAP_13-RR9
 
1/26/2036
 
2.663
%
 
15,446

 
15,562

 
15,486

 
BEAR STEARNS FUNDING TRUST BSM
 
12/25/2046
 
0.380
%
 
1,875

 
1,020

 
822

c
BOAMS_03-I
 
10/25/2033
 
2.731
%
 
3,081

 
3,072

 
3,117

 
BOAMS_04-B
 
3/25/2034
 
2.639
%
 
4,968

 
4,954

 
4,185

 
BOAMS_04-E
 
6/25/2034
 
2.708
%
 
5,497

 
5,472

 
5,487

 

F-38

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
BOAMS_06-B
 
11/20/2046
 
2.888
%
 
1,889

 
1,686

 
1,546

c
BVMBS_05-1
 
2/22/2035
 
2.920
%
 
3,875

 
3,865

 
3,802

 
CENTEX HOME EQUITY CXHE_03-A
 
12/25/2031
 
4.250
%
 
1,534

 
1,524

 
1,552

 
CFLX_07-M1
 
8/25/2037
 
0.320
%
 
9,844

 
9,862

 
6,663

c
CHASE MORTGAGE FINANCE CORPORATE
 
2/25/2037
 
2.535
%
 
9,779

 
9,691

 
9,639

 
CITIGROUP MORTGAGE LOAN TRUST
 
8/25/2035
 
2.556
%
 
2,370

 
2,251

 
2,184

c
CITIGROUP MORTGAGE LOAN TRUST
 
11/25/2036
 
4.000
%
 
9,254

 
9,302

 
9,415

 
CITIGROUP MORTGAGE LOAN TRUST
 
11/25/2035
 
2.540
%
 
1,460

 
1,478

 
1,469

 
CITIGROUP MORTGAGE LOAN TRUST
 
9/25/2037
 
2.378
%
 
951

 
943

 
954

 
CITIGROUP MORTGAGE LOAN TRUST
 
4/25/2037
 
2.721
%
 
8,434

 
8,434

 
8,505

 
CITIGROUP MORTGAGE LOAN TRUST
 
8/25/2036
 
2.353
%
 
5,571

 
5,586

 
5,575

 
CITIGROUP MORTGAGE LOAN TRUST
 
11/25/2035
 
2.639
%
 
4,644

 
4,647

 
4,634

 
CITIGROUP MORTGAGE LOAN TRUST
 
3/25/2036
 
5.981
%
 
15,754

 
15,991

 
15,891

 
CITIGROUP MORTGAGE LOAN TRUST
 
9/25/2036
 
2.506
%
 
11,686

 
11,724

 
11,629

 
CITIGROUP MORTGAGE LOAN TRUST
 
9/25/2035
 
3.500
%
 
5,664

 
5,699

 
5,719

 
CITIGROUP MORTGAGE LOAN TRUST
 
8/25/2027
 
2.000
%
 
4,954

 
4,970

 
4,930

 
CITIGROUP MORTGAGE LOAN TRUST
 
9/25/2034
 
2.400
%
 
9,839

 
10,000

 
9,883

 
CITIGROUP MRT LOAN TT CMLTI_10
 
2/25/2035
 
2.400
%
 
1,763

 
1,763

 
1,792

 
CITIGROUP MRT LOAN TT CMLTI_10
 
9/25/2037
 
1.156
%
 
2,393

 
2,382

 
2,385

 
CMLTI_09-6
 
4/25/2037
 
0.240
%
 
1,092

 
1,083

 
1,058

 
CMLTI_13-12
 
3/25/2035
 
2.418
%
 
17,905

 
18,099

 
17,953

 
CMLTI_13-7
 
8/25/2036
 
2.353
%
 
10,760

 
10,806

 
10,460

 
CMLTI_13-9
 
9/25/2034
 
2.410
%
 
19,185

 
19,298

 
19,132

 
CMLTI_14-11
 
10/25/2035
 
2.558
%
 
24,682

 
25,319

 
25,330

 
CMLTI_14-11
 
11/25/2036
 
3.250
%
 
12,667

 
13,012

 
13,016

 
CMLTI_14-2
 
2/20/2036
 
2.313
%
 
26,061

 
26,328

 
26,077

 
CMLTI_14-2
 
4/25/2036
 
3.250
%
 
28,095

 
28,327

 
28,235

 
CMLTI_14-5
 
2/20/2036
 
1.915
%
 
30,371

 
30,825

 
30,328

 
COUNTRYWIDE ALTERNATIVE LOAN
 
7/20/2035
 
1.424
%
 
2,743

 
2,202

 
2,275

c
COUNTRYWIDE HOME LOANS CWHL_03
 
1/19/2034
 
2.448
%
 
8,702

 
8,921

 
8,673

 
COUNTRYWIDE HOME LOANS CWHL_05
 
11/20/2035
 
4.832
%
 
6,930

 
5,950

 
6,144

c
CREDIT SUISSE COMMERCIAL MORTGAGE
 
5/27/2036
 
2.000
%
 
8,230

 
8,288

 
8,150

 
CREDIT SUISSE COMMERCIAL MORTGAGE
 
9/27/2036
 
2.659
%
 
9,638

 
9,864

 
9,804

 
CREDIT SUISSE MORTGAGE CAPITAL
 
4/26/2037
 
5.500
%
 
583

 
579

 
590

 
CREDIT SUISSE MORTGAGE CAPITAL
 
6/26/2036
 
2.300
%
 
6,496

 
6,496

 
6,548

 
CREDIT SUISSE MORTGAGE CAPITAL
 
6/29/2047
 
1.156
%
 
8,685

 
8,680

 
8,563

 
CREDIT SUISSE MORTGAGE CAPITAL
 
9/26/2034
 
2.618
%
 
28,874

 
29,162

 
28,639

 
CREDIT SUISSE MORTGAGE CAPITAL
 
9/26/2034
 
2.618
%
 
28,874

 
28,936

 
28,129

 
CREDIT SUISSE MORTGAGE CAPITAL
 
12/27/2037
 
3.400
%
 
6,834

 
6,844

 
6,902

 
CSFB_04-AR3
 
4/25/2034
 
2.498
%
 
5,725

 
5,808

 
5,818

 

F-39

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
CSMC_13-11R
 
6/27/2034
 
2.750
%
 
13,374

 
13,382

 
13,340

 
CSMC_13-11R
 
5/27/2034
 
2.750
%
 
23,524

 
23,570

 
23,176

 
CSMC_13-12R
 
8/27/2033
 
2.750
%
 
38,907

 
38,378

 
37,900

 
CSMC_13-8R
 
5/27/2037
 
0.395
%
 
11,335

 
11,141

 
11,010

 
CSMC_14-11R
 
1/27/2036
 
2.403
%
 
30,000

 
30,374

 
30,338

 
CSMC_14-5R
 
7/27/2037
 
2.500
%
 
14,204

 
14,204

 
14,127

 
CWALT_04-33
 
12/25/2034
 
2.699
%
 
676

 
684

 
651

 
CWALT_05-27
 
8/25/2035
 
1.628
%
 
3,513

 
2,889

 
2,766

c
CWALT_06-OA19
 
2/20/2047
 
0.415
%
 
922

 
117

 
307

c
CWHEL_04-K
 
2/15/2034
 
0.461
%
 
291

 
220

 
260

c
DEUTSCHE ALT-A SECURITIES INC
 
2/25/2037
 
0.340
%
 
10,329

 
6,205

 
8,600

c
DEUTSCHE ALT-A SECURITIES INC
 
1/25/2047
 
0.330
%
 
8,971

 
8,347

 
6,476

c
DEUTSCHE ALT-A SECURITIES INC
 
2/25/2047
 
0.320
%
 
4,017

 
3,523

 
2,792

c
EQUITY ONE ABS INC EQABS_04-3
 
7/25/2034
 
5.080
%
 
4,471

 
4,491

 
4,638

 
FHAMS_04-AA7
 
2/25/2035
 
2.209
%
 
1,111

 
1,122

 
998

 
FIRST HORIZON ALTERNATIVE MORTGAGE
 
10/25/2034
 
2.235
%
 
1,752

 
1,778

 
1,742

 
FIRST HORIZON ALTERNATIVE MORTGAGE
 
3/25/2035
 
2.250
%
 
2,159

 
2,191

 
1,930

 
FIRST HORIZON ALTERNATIVE MORTGAGE
 
5/25/2035
 
2.261
%
 
4,870

 
4,908

 
4,573

 
FMIC_04-3
 
8/25/2034
 
2.015
%
 
1,471

 
1,404

 
1,465

 
GMAC MORTGAGE CORPORATION LOAN
 
8/19/2034
 
2.922
%
 
1,308

 
1,311

 
1,277

 
GMAC MORTGAGE CORPORATION LOAN
 
8/19/2034
 
3.298
%
 
1,567

 
1,570

 
1,558

 
GPMF_05-AR5
 
11/25/2045
 
2.113
%
 
5,913

 
5,377

 
4,451

c
GS MORTGAGE SECURITIES CORPORATION
 
8/26/2035
 
3.118
%
 
19,077

 
19,628

 
19,650

 
GSMSC_09-1R
 
11/25/2035
 
2.601
%
 
1,913

 
1,810

 
1,928

 
GSMSC_09-1R
 
11/25/2035
 
2.599
%
 
1,831

 
1,713

 
1,842

 
GSR MORTGAGE LOAN TRUST GSR_05
 
10/25/2035
 
2.585
%
 
5,678

 
5,359

 
5,079

c
GSR MORTGAGE LOAN TRUST GSR_05
 
11/25/2035
 
2.639
%
 
2,741

 
2,586

 
2,635

 
GSR MORTGAGE LOAN TRUST GSR_05
 
5/25/2035
 
2.617
%
 
3,351

 
3,365

 
3,126

 
GSR MORTGAGE LOAN TRUST GSR_05
 
1/25/2035
 
2.632
%
 
3,860

 
3,877

 
3,843

 
HARBORVIEW MORTGAGE LOAN TRUST
 
11/19/2034
 
2.015
%
 
1,616

 
1,603

 
1,539

 
HARBORVIEW MORTGAGE LOAN TRUST
 
9/19/2035
 
1.613
%
 
2,629

 
2,249

 
1,947

c
HARBORVIEW MORTGAGE LOAN TRUST
 
10/20/2045
 
2.113
%
 
7,041

 
6,403

 
6,024

c
HARBORVIEW MORTGAGE LOAN TRUST
 
1/25/2047
 
0.364
%
 
4,046

 
1,552

 
1,496

c
HVMLT_04-1
 
4/19/2034
 
2.699
%
 
438

 
441

 
440

 
HVMLT_04-10
 
1/19/2035
 
2.556
%
 
1,031

 
1,042

 
1,022

 
HVMLT_04-4
 
6/19/2034
 
1.281
%
 
100

 
99

 
96

 
HVMLT_04-6
 
8/19/2034
 
2.610
%
 
530

 
526

 
528

 
INDX_05-AR1
 
3/25/2035
 
2.589
%
 
53

 
54

 
52

 
INDX_05-AR5
 
5/25/2035
 
2.439
%
 
3,963

 
3,655

 
3,455

c
JEFFERIES & CO JMAC_09-R12
 
2/26/2035
 
2.588
%
 
6,362

 
6,236

 
6,458

 

F-40

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
JEFFERIES & CO JMAC_09-R12
 
1/26/2035
 
2.662
%
 
2,795

 
2,735

 
2,861

 
JEFFERIES & CO JMAC_09-R2
 
12/26/2037
 
2.579
%
 
10,699

 
10,799

 
10,598

 
JEFFRIES & CO JMAC_09-R3
 
12/26/2035
 
2.374
%
 
3,707

 
3,509

 
3,724

 
JP MORGAN REREMIC JPMRR_09-12
 
7/26/2037
 
5.750
%
 
679

 
690

 
695

 
JP MORGAN REREMIC JPMRR_10-1
 
2/26/2037
 
6.000
%
 
26

 
26

 
26

 
JP MORGAN REREMIC JPMRR_10-5
 
8/26/2036
 
2.353
%
 
1,500

 
1,503

 
1,506

 
JP MORGAN REREMIC JPMRR_11-2
 
3/26/2036
 
3.000
%
 
4,413

 
4,367

 
4,458

 
LUMINENT MORTGAGE TRUST LUM_06
 
10/25/2046
 
0.410
%
 
1,727

 
583

 
939

c
LUMINENT MORTGAGE TRUST LUM_07
 
1/25/2037
 
0.360
%
 
485

 
605

 
93

c
MARM_05-1
 
2/25/2035
 
2.605
%
 
2,404

 
2,437

 
2,127

 
MERRILL LYNCH MORTGAGE INVESTOR
 
2/25/2035
 
2.472
%
 
3,062

 
3,062

 
3,047

 
MLCC_04-1
 
12/25/2034
 
2.161
%
 
747

 
749

 
740

 
MLMI_03-A5
 
8/25/2033
 
2.307
%
 
1,930

 
1,927

 
1,950

 
MLMI_05-A1
 
12/25/2034
 
2.519
%
 
1,294

 
1,298

 
1,296

 
MORGAN STANLEY MORTGAGE LOAN TRUST
 
11/25/2034
 
2.929
%
 
601

 
609

 
585

 
MORGAN STANLEY MORTGAGE LOAN TRUST
 
11/25/2034
 
2.465
%
 
1,815

 
1,845

 
1,816

 
MORGAN STANLEY REREMIC TRUST
 
9/26/2035
 
5.205
%
 
7,129

 
7,344

 
7,242

 
MORGAN STANLEY REREMIC TRUST
 
7/26/2036
 
0.330
%
 
288

 
288

 
288

 
MORGAN STANLEY REREMIC TRUST
 
9/26/2036
 
0.525
%
 
4,024

 
3,969

 
3,672

 
MORGAN STANLEY REREMIC TRUST
 
11/26/2036
 
1.957
%
 
8,257

 
8,372

 
8,234

 
MORGAN STANLEY REREMIC TRUST
 
8/26/2034
 
2.440
%
 
34,887

 
35,549

 
34,841

 
MORGAN STANLEY REREMIC TRUST
 
8/26/2034
 
2.411
%
 
30,369

 
30,911

 
30,820

 
MSRR_13-R3
 
2/26/2036
 
2.748
%
 
25,030

 
25,293

 
25,164

 
MSRR_13-R3
 
12/26/2036
 
2.017
%
 
10,196

 
10,269

 
10,139

 
MSRR_13-R3
 
11/26/2036
 
1.957
%
 
6,171

 
6,144

 
6,065

 
MSRR_13-R3
 
2/26/2036
 
2.502
%
 
20,923

 
21,074

 
20,920

 
MSRR_13-R8
 
9/26/2036
 
2.614
%
 
35,561

 
36,396

 
35,833

 
MSRR_13-R8
 
9/26/2036
 
2.691
%
 
13,595

 
13,768

 
13,575

 
MSRR_13-R8
 
9/26/2036
 
2.687
%
 
5,958

 
6,052

 
5,925

 
MSRR_13-R8
 
9/26/2036
 
2.411
%
 
7,658

 
7,706

 
7,599

 
MSRR_13-R8
 
9/26/2036
 
2.607
%
 
14,885

 
15,153

 
14,819

 
MSRR_13-R8
 
9/26/2036
 
2.610
%
 
13,517

 
13,753

 
13,400

 
MSRR_13-R9
 
6/26/2046
 
2.613
%
 
13,306

 
13,523

 
13,364

 
MSRR_14-R6
 
9/26/2035
 
2.661
%
 
29,204

 
29,753

 
30,237

 
NMRR_14-6R
 
4/26/2037
 
2.524
%
 
7,307

 
7,442

 
7,449

 
NMRR_14-7R
 
1/26/2036
 
2.629
%
 
10,256

 
10,465

 
10,468

 
NRZT_14-3A
 
11/25/2054
 
3.750
%
 
12,500

 
12,839

 
12,798

 
NSMLT_13-A
 
12/25/2052
 
3.750
%
 
5,703

 
5,837

 
5,824

 
OPTEUM MORTGAGE ACCEPTANCE CORP
 
2/25/2035
 
0.770
%
 
34

 
34

 
34

 
RABS_04-1A
 
12/15/2030
 
4.000
%
 
257

 
256

 
257

 

F-41

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
RALI_03-QS2
 
2/25/2033
 
4.500
%
 
733

 
729

 
738

 
RALI_04-QR1
 
10/25/2034
 
5.250
%
 
167

 
166

 
168

 
RALI_04-QS5
 
4/25/2034
 
4.750
%
 
489

 
487

 
494

 
RASC_04-KS9
 
10/25/2034
 
4.620
%
 
2,807

 
2,347

 
2,608

c
RBSSP RESECURITIZATION TRUST
 
4/26/2036
 
2.615
%
 
11,529

 
11,702

 
11,720

 
RBSSP RESECURITIZATION TRUST
 
12/27/2035
 
4.000
%
 
6,109

 
6,251

 
6,234

 
RBSSP RESECURITIZATION TRUST
 
5/26/2047
 
0.300
%
 
164

 
164

 
163

 
RBSSP RESECURITIZATION TRUST
 
2/26/2047
 
0.330
%
 
5,953

 
5,897

 
5,867

 
RBSSP RESECURITIZATION TRUST
 
4/26/2035
 
0.670
%
 
9,120

 
8,716

 
8,646

 
RENAISSANCE HOME EQUITY LOAN
 
11/25/2035
 
4.814
%
 
2,531

 
2,524

 
2,603

 
RESIDENTIAL ACCREDIT LOANS INC
 
2/25/2047
 
0.360
%
 
2,447

 
1,242

 
496

c
RESIDENTIAL ACCREDIT LOANS INC
 
2/25/2035
 
3.081
%
 
4,129

 
3,617

 
3,425

c
RESIDENTIAL ASSET SECURITIES CORP
 
12/25/2033
 
4.540
%
 
1,025

 
1,033

 
1,060

 
RFMSI_05-SA2
 
6/25/2035
 
2.828
%
 
4,584

 
4,592

 
4,369

 
SASC_03-24A
 
7/25/2033
 
2.378
%
 
455

 
461

 
448

 
WAMU_03-AR6
 
6/25/2033
 
2.437
%
 
2,323

 
2,317

 
2,333

 
WAMU_04-AR10
 
7/25/2044
 
0.627
%
 
1,186

 
1,190

 
1,105

 
WAMU_05-AR10
 
9/25/2035
 
2.391
%
 
10,000

 
9,995

 
9,473

 
WAMU_05-AR3
 
3/25/2035
 
2.396
%
 
3,245

 
3,257

 
3,220

 
WAMU_05-AR4
 
4/25/2035
 
2.373
%
 
9,984

 
9,948

 
9,718

 
WELLS FARGO MORTGAGE BACKED
 
6/25/2035
 
2.614
%
 
17,443

 
17,841

 
17,693

 
WFMBS_03-M
 
12/25/2033
 
2.615
%
 
1,736

 
1,790

 
1,746

 
WFMBS_04-CC
 
1/25/2035
 
2.616
%
 
1,329

 
1,333

 
1,346

 
WFMBS_04-DD
 
1/25/2035
 
2.615
%
 
3,913

 
3,912

 
3,899

 
WFMBS_04-I
 
7/25/2034
 
2.597
%
 
3,160

 
3,165

 
3,214

 
WFMBS_04-K
 
7/25/2034
 
2.615
%
 
3,558

 
3,680

 
3,559

 
WFMBS_04-O
 
8/25/2034
 
2.615
%
 
541

 
537

 
540

 
WFMBS_04-Q
 
9/25/2034
 
2.615
%
 
5,741

 
5,823

 
5,795

 
WFMBS_04-W
 
11/25/2034
 
2.615
%
 
9,670

 
9,691

 
9,794

 
WFMBS_05-AR12
 
6/25/2035
 
2.621
%
 
4,464

 
4,218

 
4,469

 
WFMBS_05-AR2
 
3/25/2035
 
2.613
%
 
916

 
918

 
923

 
WFMBS_05-AR2
 
3/25/2035
 
2.613
%
 
2,429

 
2,410

 
2,451

 
TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES
 
1,369,788

 
1,352,410

 
TOTAL RESIDENTIAL MORTGAGE BACKED SECURITIES
 
2,234,011

 
2,220,870

 
ASSET BACKED SECURITIES
 
 
 
 

 
 

 
 

 
 

 
321 HENDERSON RECEIVABLES LLC
 
12/15/2048
 
3.820
%
 
1,778

 
1,780

 
1,868

 
ACCESS GROUP INC ACSS_06-1
 
8/25/2023
 
0.343
%
 
3,185

 
3,140

 
3,169

 
ALLY MASTER OWNER TRUST 2012-3
 
6/15/2017
 
0.861
%
 
10,000

 
10,014

 
10,019

 
ALLY MASTER OWNER TRUST AMOT_1
 
2/15/2017
 
0.961
%
 
15,000

 
15,007

 
15,009

 
APIDOS CDO APID_14-17A
 
4/17/2026
 
1.728
%
 
20,000

 
19,981

 
19,868

 

F-42

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
ARES CLO LTD ARES_13-1A
 
4/15/2025
 
1.331
%
 
40,000

 
39,893

 
39,167

 
ARL FIRST LLC ARLFR_12-1A
 
12/15/2042
 
1.911
%
 
15,034

 
15,191

 
15,112

 
ATRIUM CDO CORP ATRM_10A
 
7/16/2025
 
1.349
%
 
25,000

 
24,967

 
24,491

 
CENTRE POINT FUNDING LLC CPF_1
 
8/20/2021
 
2.610
%
 
1,108

 
1,108

 
1,110

 
CGMS_13-1A
 
2/14/2025
 
1.533
%
 
20,000

 
20,000

 
19,738

 
CLI FUNDING LLC CLIF_06-1A
 
8/18/2021
 
0.342
%
 
2,269

 
2,039

 
2,253

 
CLIF_14-1A
 
6/18/2029
 
3.290
%
 
14,227

 
14,251

 
14,198

 
COLLE_02-2
 
3/1/2042
 
1.620
%
 
10,000

 
8,452

 
9,000

 
CRONOS CONTAINERS PROGRAM LTD
 
9/18/2027
 
3.810
%
 
7,750

 
7,970

 
7,751

 
DIAMOND RESORTS OWNER TRUST DR
 
5/20/2026
 
2.270
%
 
4,398

 
4,398

 
4,420

 
DRSLF_14-33
 
7/15/2026
 
1.707
%
 
30,000

 
30,000

 
29,713

 
DRYDEN SENIOR LOAN FUND DRSLF
 
7/15/2025
 
1.331
%
 
40,000

 
40,000

 
39,169

 
EXETER AUTOMOBILE RECEIVABLES
 
6/15/2017
 
1.300
%
 
765

 
765

 
765

 
FNH_13-1A
 
1/10/2018
 
1.980
%
 
2,003

 
2,003

 
2,007

 
GE DEALER FLOORPLAN MASTER NOTE
 
10/20/2017
 
0.605
%
 
12,000

 
12,000

 
12,016

 
GLOBAL SC FINANCE SRL SEACO_14
 
7/17/2029
 
3.190
%
 
9,583

 
9,581

 
9,496

 
GLOBAL TOWER PARTNERS ACQUISITION
 
6/15/2041
 
3.967
%
 
7,000

 
7,000

 
7,182

 
HILTON GRAND VACATIONS TRUST 13-A
 
1/25/2026
 
2.280
%
 
6,817

 
6,817

 
6,853

 
INGIM_13-2A
 
4/25/2025
 
1.384
%
 
30,000

 
30,000

 
29,469

 
NISSAN MASTER OWNER TRUST REC
 
5/15/2017
 
0.631
%
 
24,500

 
24,516

 
24,520

 
NORTHSTAR EDUCATION FINANCE IN
 
7/30/2018
 
0.403
%
 
10,000

 
9,922

 
9,860

 
NVTAS_13-1
 
11/15/2016
 
1.950
%
 
2,364

 
2,364

 
2,366

 
OAKC_13-8A
 
4/20/2025
 
1.351
%
 
20,000

 
20,000

 
19,661

 
RACE POINT CLO LTD RACEP_13-8A
 
2/20/2025
 
1.482
%
 
14,000

 
13,971

 
13,821

 
RENTAL CAR FINANCE CORPORATION
 
2/25/2016
 
2.510
%
 
833

 
833

 
834

 
SBAP_05-10D
 
7/1/2015
 
4.510
%
 
193

 
193

 
194

 
SCHOLAR FUNDING TRUST SCHOL_12
 
10/28/2025
 
0.570
%
 
3,477

 
3,471

 
3,469

 
SIERRA RECEIVABLES FUNDING 11-1A
 
4/20/2026
 
3.350
%
 
1,201

 
1,200

 
1,226

 
SIERRA RECEIVABLES FUNDING 12-1A
 
11/20/2028
 
2.840
%
 
1,465

 
1,465

 
1,488

 
SIERRA RECEIVABLES FUNDING 12-3A
 
8/20/2029
 
1.870
%
 
1,322

 
1,333

 
1,328

 
SIERRA RECEIVABLES FUNDING 13-2A
 
11/20/2025
 
2.280
%
 
3,043

 
3,043

 
3,075

 
SLM PRIVATE CREDIT STUDENT LOAN
 
9/15/2020
 
0.680
%
 
2,883

 
2,619

 
2,869

 
SLM PRIVATE CREDIT STUDENT LOAN
 
9/15/2020
 
0.631
%
 
1,306

 
1,279

 
1,294

 
SLM STUDENT LOAN TRUST SLMA_06
 
7/25/2019
 
0.314
%
 
4,811

 
4,733

 
4,798

 
SLM STUDENT LOAN TRUST SLMA_11
 
11/25/2027
 
0.770
%
 
2,907

 
2,903

 
2,915

 
SLM STUDENT LOAN TRUST SLMA_12
 
10/15/2030
 
3.480
%
 
5,000

 
5,046

 
5,184

 
SLM STUDENT LOAN TRUST SLMA_12
 
12/26/2025
 
0.820
%
 
13,573

 
13,683

 
13,596

 
SLMA_05-A
 
12/15/2020
 
0.381
%
 
591

 
577

 
592

 
SLMA_05-B
 
3/15/2023
 
0.421
%
 
6,667

 
6,246

 
6,619

 
SLMA_06-4
 
10/27/2025
 
0.334
%
 
12,492

 
12,460

 
12,468

 

F-43

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
SMALL BUSINESS ADMINISTRATION
 
10/1/2022
 
4.750
%
 
804

 
812

 
847

 
SMART TRUST SMAT_11-2USA
 
4/14/2017
 
2.310
%
 
1,576

 
1,576

 
1,587

 
SMART TRUST SMAT_11-4USA
 
8/14/2017
 
2.280
%
 
5,000

 
5,000

 
5,028

 
SMART TRUST SMAT_12-2USA
 
10/14/2016
 
1.590
%
 
5,189

 
5,189

 
5,203

 
SVO VOI MORTGAGE CORP SVOVM_12
 
9/20/2029
 
2.000
%
 
2,607

 
2,637

 
2,592

 
UHAUL_10-BR1A
 
10/25/2023
 
4.899
%
 
6,575

 
6,575

 
6,962

 
WLKRG_13-AA
 
3/15/2029
 
3.100
%
 
1,916

 
1,916

 
1,921

 
TOTAL ASSET BACKED SECURITIES
 
 
 
 
 
 
 
481,919

 
480,160

 
COMMERCIAL MORTGAGE BACKED SECURITIES
 
 

 
 

 
 

 
AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES:
 
 
 
 
 
 
 
FANNIE MAE
 
1/1/2019
 
6.075
%
 
789

 
793

 
861

 
FANNIE MAE 06-M2 06-M2 A2A
 
10/25/2032
 
5.271
%
 
9,480

 
10,088

 
10,957

 
GINNIE MAE A 10-16 A
 
1/16/2040
 
3.214
%
 
425

 
425

 
427

 
GINNIE MAE A 10-161 AB
 
5/16/2035
 
2.110
%
 
2,454

 
2,471

 
2,478

 
GINNIE MAE_13-13
 
4/16/2046
 
1.700
%
 
7,269

 
6,931

 
6,838

 
GINNIE MAE_11-165 11-165 A
 
10/16/2037
 
2.194
%
 
20,642

 
20,844

 
20,616

 
GINNIE MAE A 13-141 A
 
6/16/2040
 
2.023
%
 
19,319

 
19,328

 
19,264

 
GINNIE MAE A
 
6/16/2037
 
1.350
%
 
4,694

 
4,627

 
4,613

 
GINNIE MAE A
 
6/16/2047
 
2.000
%
 
9,904

 
9,950

 
10,135

 
GINNIE MAE_14-70
 
4/16/2042
 
1.900
%
 
34,593

 
35,099

 
35,468

 
GINNIE MAE A 13-159 A
 
8/16/2038
 
1.794
%
 
18,147

 
17,989

 
18,069

 
GINNIE MAE 13-146 AH
 
8/16/2040
 
2.000
%
 
9,732

 
9,753

 
9,758

 
GINNIE MAE A
 
5/16/2038
 
2.250
%
 
14,472

 
14,546

 
14,502

 
GINNIE MAE_14-48
 
10/16/2041
 
1.900
%
 
19,683

 
19,943

 
20,233

 
GINNIE MAE_14-9
 
9/16/2041
 
2.500
%
 
9,811

 
10,091

 
10,130

 
GINNIE MAE A
 
6/16/2048
 
2.361
%
 
9,755

 
10,084

 
10,234

 
GINNIE MAE_14-61
 
1/16/2044
 
2.205
%
 
14,800

 
14,847

 
14,859

 
GINNIE MAE A
 
12/16/2040
 
1.900
%
 
7,432

 
7,547

 
7,478

 
GINNIE MAE_14-143
 
3/16/2040
 
2.500
%
 
4,971

 
5,104

 
5,057

 
GINNIE MAE_14-143
 
3/16/2040
 
2.000
%
 
9,942

 
10,046

 
10,029

 
TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES
 
230,506

 
232,006

 
NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES:
 
 
 
 
 
 
 
BACM_05-1
 
11/10/2042
 
5.271
%
 
6,593

 
6,593

 
6,591

 
CFCRE COMMERCIAL MORTAGE TRUST
 
12/15/2047
 
3.061
%
 
23,000

 
23,195

 
23,656

 
COLNY_14-1
 
4/20/2050
 
2.543
%
 
7,371

 
7,371

 
7,358

 
COMM MORTGAGE TRUST COMM
 
6/8/2030
 
1.158
%
 
10,000

 
9,985

 
9,998

 
COMM_13-RIA4
 
11/27/2028
 
3.250
%
 
5,041

 
5,043

 
5,067

 
DBUBS MORTGAGE TRUST DBUBS_11LC1A
 
11/10/2046
 
3.742
%
 
14,232

 
14,366

 
14,581

 
DBUBS MORTGAGE TRUST DBUBS_11-LC2A
 
7/10/2044
 
3.527
%
 
3,343

 
3,363

 
3,480

 
EXTENDED STAY AMERICA TRUST 13-ESH5
 
12/5/2031
 
1.830
%
 
8,875

 
8,874

 
8,782

 
GECMC_05-C3
 
7/10/2045
 
4.940
%
 
9

 
9

 
9

 

F-44

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
GENERAL ELECTRIC CAPITAL
 
5/12/2035
 
5.254
%
 
459

 
455

 
466

 
GREENWICH CAPITAL COMMERCIAL
 
3/10/2039
 
5.381
%
 
3,767

 
3,767

 
3,778

 
GS MORTGAGE SECURITIES CORPORATE
 
8/10/2044
 
2.999
%
 
12,500

 
12,533

 
12,827

 
GS MORTGAGE SECURITIES CORPORATE
 
12/10/2043
 
3.849
%
 
8,923

 
8,973

 
9,154

 
JP MORGAN CHASE COMMERCIAL MTG
 
2/12/2049
 
5.682
%
 
1,619

 
1,646

 
1,688

 
JP MORGAN CHASE COMMERCIAL MTG
 
11/15/2043
 
2.749
%
 
5,972

 
5,985

 
6,041

 
JP MORGAN CHASE COMMERCIAL MTG
 
8/5/2032
 
3.300
%
 
8,080

 
8,124

 
8,357

 
JP MORGAN CHASE COMMERCIAL MTG
 
8/15/2046
 
3.149
%
 
4,425

 
4,432

 
4,549

 
JP MORGAN CHASE COMMERCIAL MTG
 
11/13/2044
 
3.364
%
 
7,195

 
7,214

 
7,457

 
MORGAN STANLEY CAPITAL I MSCI_
 
9/15/2047
 
2.602
%
 
2,971

 
2,974

 
2,989

 
MSC_11-C3
 
7/15/2049
 
3.224
%
 
3,681

 
3,687

 
3,798

 
ORES NPL LLC ORES_14-V3
 
3/27/2024
 
3.000
%
 
18,329

 
18,330

 
18,327

 
RIALTO REAL ESTATE FUND LP
 
5/15/2024
 
2.850
%
 
1,155

 
1,155

 
1,155

 
UBSC_11-C1
 
1/10/2045
 
3.187
%
 
9,000

 
9,079

 
9,366

 
TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES:
 
167,153

 
169,474

 
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES
 
397,659

 
401,480

 
CORPORATE DEBT SECURITIES
 
 
 
 
 
 
 
 
 
 
 
BANKING
 
 
 
 
 
 
 
 
 
 
 
WASHINGTON MUTUAL BANK/HENDERSON
 
6/15/2011
 
—
%
 
1,500

 
—

 
3

c, d
TOTAL BANKING
 
 
 
 

 
 

 
—

 
3

 
BASIC INDUSTRY
 
 
 
 

 
 

 
 

 
 

 
DOW CHEMICAL COMPANY
 
2/15/2016
 
2.500
%
 
8,385

 
8,544

 
8,530

 
EASTMAN CHEMICAL COMPANY
 
6/1/2017
 
2.400
%
 
8,425

 
8,457

 
8,557

 
LYONDELLBASELL INDUSTRIES NV
 
4/15/2019
 
5.000
%
 
2,000

 
2,189

 
2,182

 
VALE OVERSEAS LTD
 
1/23/2017
 
6.250
%
 
10,750

 
11,491

 
11,466

 
TOTAL BASIC INDUSTRY
 
 
 
 

 
 

 
30,681

 
30,735

 
CAPITAL GOODS
 
 
 
 

 
 

 
 

 
 

 
BAE SYSTEMS
 
10/11/2016
 
3.500
%
 
4,300

 
4,479

 
4,467

 
L-3 COMMUNICATIONS CORP
 
11/15/2016
 
3.950
%
 
29,566

 
30,738

 
30,849

 
L-3 COMMUNICATIONS CORP
 
5/28/2017
 
1.500
%
 
7,500

 
7,496

 
7,426

 
LOCKHEED MARTIN CORPORATION
 
5/1/2016
 
7.650
%
 
22,000

 
23,905

 
23,958

 
NORDSON CORP
 
7/26/2017
 
2.270
%
 
15,000

 
15,000

 
14,993

 
STERICYCLE INC
 
10/15/2017
 
3.890
%
 
800

 
842

 
837

 
WASTE MANAGEMENT INC
 
3/11/2015
 
6.375
%
 
1,040

 
1,049

 
1,051

 
WASTE MANAGEMENT INC
 
9/1/2016
 
2.600
%
 
11,954

 
12,040

 
12,229

 
TOTAL CAPITAL GOODS
 
 
 
 

 
 

 
95,549

 
95,810

 
COMMUNICATIONS
 
 
 
 

 
 

 
 

 
 

 
A&E TELEVISION NETWORKS LLC
 
8/22/2019
 
3.110
%
 
5,000

 
5,075

 
5,032

 
BSKYB FINANCE UK PLC
 
10/15/2015
 
5.625
%
 
11,960

 
12,321

 
12,411

 
DEUTSCHE TELEKOM INTERNATIONAL
 
4/11/2016
 
3.125
%
 
10,000

 
10,071

 
10,249

 
ORANGE SA
 
9/14/2016
 
2.750
%
 
7,500

 
7,487

 
7,664

 

F-45

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
QWEST CORP
 
6/15/2015
 
7.625
%
 
510

 
510

 
524

 
SCRIPPS NETWORKS INTERACTIVE
 
12/15/2016
 
2.700
%
 
2,016

 
2,073

 
2,071

 
SCRIPPS NETWORKS INTERACTIVE
 
11/15/2019
 
2.750
%
 
6,054

 
6,062

 
6,079

 
TCM SUB LLC
 
1/15/2015
 
3.550
%
 
32,561

 
32,570

 
32,584

 
TELEFONICA EMISIONES
 
4/27/2015
 
3.729
%
 
4,500

 
4,500

 
4,540

 
TOTAL COMMUNICATIONS
 
 
 
 

 


 
80,669

 
81,154

 
CONSUMER CYCLICAL
 
 
 
 

 
 

 
 

 
 

 
AUTOLIV ASP INC
 
4/23/2019
 
2.840
%
 
5,000

 
5,000

 
4,973

 
BEST BUY CO INC
 
3/15/2016
 
3.750
%
 
10,000

 
9,942

 
10,163

 
YUM! BRANDS INC.
 
4/15/2016
 
6.250
%
 
15,700

 
16,608

 
16,660

 
TOTAL CONSUMER CYCLICAL
 
 
 
 

 
 

 
31,550

 
31,796

 
CONSUMER NON-CYCLICAL
 
 
 
 

 
 

 
 

 
 

 
ANHEUSER-BUSCH INBEV FINANCE I
 
1/17/2018
 
1.250
%
 
37,180

 
36,585

 
36,780

 
CLOROX COMPANY
 
1/15/2015
 
5.000
%
 
2,900

 
2,905

 
2,903

 
CLOROX COMPANY
 
10/15/2017
 
5.950
%
 
21,640

 
24,206

 
24,128

 
CONAGRA FOODS INC
 
9/10/2015
 
1.350
%
 
5,000

 
5,004

 
5,020

 
CONAGRA FOODS INC
 
1/25/2018
 
1.900
%
 
9,375

 
9,415

 
9,313

 
DIAGEO CAPITAL PLC
 
5/11/2017
 
1.500
%
 
31,885

 
32,012

 
31,927

 
DIAGEO FINANCE
 
10/28/2015
 
5.300
%
 
1,875

 
1,947

 
1,944

 
ESSILOR INTERNATIONAL
 
3/15/2017
 
2.650
%
 
7,500

 
7,500

 
7,636

 
ESSILOR INTERNATIONAL
 
5/4/2017
 
1.840
%
 
15,000

 
15,018

 
14,988

 
EXPRESS SCRIPTS HOLDING
 
5/15/2016
 
3.125
%
 
7,000

 
7,079

 
7,196

 
GENERAL MILLS INC
 
10/20/2017
 
1.400
%
 
30,000

 
29,995

 
29,873

 
HEINEKEN NV
 
10/1/2015
 
0.800
%
 
13,800

 
13,795

 
13,815

 
KELLOGG COMPANY
 
5/30/2016
 
4.450
%
 
7,450

 
7,788

 
7,835

 
KELLOGG COMPANY
 
11/17/2016
 
1.875
%
 
5,000

 
5,077

 
5,069

 
KROGER COMPANY
 
10/1/2015
 
3.900
%
 
4,000

 
4,054

 
4,086

 
MARS INC
 
10/11/2017
 
2.190
%
 
35,000

 
35,000

 
34,917

 
MCKESSON CORP
 
12/4/2015
 
0.950
%
 
3,430

 
3,437

 
3,438

 
SABMILLER HOLDINGS INC
 
1/15/2015
 
1.850
%
 
16,195

 
16,202

 
16,201

 
SODEXO INC
 
3/4/2019
 
2.710
%
 
10,000

 
10,000

 
9,969

 
TYSON FOODS INC
 
8/15/2019
 
2.650
%
 
7,603

 
7,683

 
7,672

 
WM WRIGLEY JR CO
 
10/21/2016
 
1.400
%
 
15,960

 
16,038

 
15,973

 
WM WRIGLEY JR CO
 
10/20/2017
 
2.000
%
 
7,746

 
7,867

 
7,802

 
TOTAL CONSUMER NON-CYCLICAL
 
 
 
 

 

 
298,607

 
298,485

 
ELECTRIC
 
 
 
 
 
 

 
 

 
 

 
AEP TEXAS CENTRAL CO
 
4/30/2019
 
2.610
%
 
8,000

 
8,000

 
7,926

 
AMERICAN ELECTRIC POWER COMPANY
 
12/15/2017
 
1.650
%
 
5,674

 
5,697

 
5,675

 
APPALACHIAN POWER CO
 
5/24/2015
 
3.400
%
 
15,000

 
15,025

 
15,161

 
ARIZONA PUBLIC SERVICE CO
 
5/15/2015
 
4.650
%
 
647

 
656

 
656

 

F-46

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
ARIZONA PUBLIC SERVICE CO
 
8/1/2016
 
6.250
%
 
1,505

 
1,623

 
1,630

 
CENTERPOINT ENERGY INC
 
2/1/2017
 
5.950
%
 
10,000

 
10,965

 
10,904

 
CONSUMERS ENERGY COMPANY
 
10/15/2015
 
2.600
%
 
10,000

 
10,051

 
10,104

 
DOMINION RESOURCES
 
9/15/2017
 
1.400
%
 
1,850

 
1,852

 
1,834

 
DTE ENERGY COMPANY
 
6/1/2016
 
6.350
%
 
1,260

 
1,333

 
1,352

 
DUKE ENERGY CORP
 
4/1/2015
 
3.350
%
 
7,000

 
7,019

 
7,045

 
DUKE ENERGY CORP
 
8/15/2017
 
1.625
%
 
9,365

 
9,417

 
9,371

 
ELECTRIC TRANSMISSION TEXAS
 
6/28/2018
 
3.690
%
 
25,000

 
26,154

 
25,819

 
NEVADA PWR CO
 
3/15/2016
 
5.950
%
 
11,000

 
11,548

 
11,645

 
NEXTERA ENERGY CAPITAL HOLDING
 
6/1/2015
 
1.200
%
 
11,025

 
11,041

 
11,046

 
NORTHEAST UTILS
 
5/1/2018
 
1.450
%
 
16,755

 
16,540

 
16,501

 
ONCOR ELECTRIC DELIVERY CO LLC
 
1/15/2015
 
6.375
%
 
5,210

 
5,219

 
5,217

 
TRANSALTA CORP
 
1/15/2015
 
4.750
%
 
8,600

 
8,607

 
8,609

 
TRANSALTA CORP
 
6/3/2017
 
1.900
%
 
27,905

 
27,978

 
27,787

 
VIRGINIA ELECTRIC AND POWER CO
 
1/15/2016
 
5.400
%
 
1,500

 
1,572

 
1,572

 
XCEL ENERGY INC
 
5/9/2016
 
0.750
%
 
6,029

 
6,032

 
6,018

 
TOTAL ELECTRIC
 
 
 
 

 

 
186,329

 
185,872

 
ENERGY
 
 
 
 

 
 

 
 

 
 

 
ANADARKO PETROLEUM CORP
 
9/15/2016
 
5.950
%
 
19,681

 
21,029

 
21,046

 
APACHE CORP
 
4/15/2017
 
1.750
%
 
9,472

 
9,593

 
9,463

 
BP CAPITAL MARKETS PLC
 
3/11/2016
 
3.200
%
 
10,710

 
11,033

 
10,999

 
CANADIAN NATURAL RESOURCES LTD
 
8/15/2016
 
6.000
%
 
3,145

 
3,400

 
3,405

 
CANADIAN NATURAL RESOURCES LTD
 
5/15/2017
 
5.700
%
 
13,300

 
14,570

 
14,418

 
CENTERPOINT ENERGY RESOURCES
 
5/1/2016
 
6.150
%
 
1,395

 
1,490

 
1,487

 
CHESAPEAKE ENERGY CORP
 
8/15/2017
 
6.500
%
 
210

 
209

 
224

 
COLORADO INTERSTATE GAS CO LTD
 
3/15/2015
 
5.950
%
 
1,977

 
1,992

 
1,999

 
COLORADO INTERSTATE GAS CO LTD
 
11/15/2015
 
6.800
%
 
35,318

 
36,619

 
36,942

 
KERN RIVER FDG CORP
 
4/30/2018
 
4.893
%
 
10,579

 
11,340

 
11,317

 
KINDER MORGAN ENERGY PARTNERS
 
2/15/2015
 
5.625
%
 
17,605

 
17,683

 
17,694

 
MARATHON OIL CORP
 
11/1/2015
 
0.900
%
 
27,625

 
27,643

 
27,544

 
MARATHON PETROLEUM CORP
 
3/1/2016
 
3.500
%
 
15,328

 
15,796

 
15,707

 
NOBLE HOLDING INTERNATIONAL
 
3/1/2016
 
3.050
%
 
26,651

 
27,101

 
26,885

 
NOBLE HOLDING INTERNATIONAL
 
3/15/2017
 
2.500
%
 
5,000

 
5,065

 
4,783

 
NORTHWEST PIPELINE LLC
 
6/15/2016
 
7.000
%
 
6,780

 
7,244

 
7,361

 
PANHANDLE EASTERN PIPE LINE
 
11/1/2017
 
6.200
%
 
5,000

 
5,649

 
5,557

 
PHILLIPS 66
 
5/1/2017
 
2.950
%
 
17,360

 
18,038

 
17,929

 
PLAINS ALL AMERICAN PIPELINE
 
9/15/2015
 
3.950
%
 
8,000

 
8,125

 
8,164

 

F-47

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
SOUTHERN NAT GAS CO LLC
 
4/1/2017
 
5.900
%
 
3,296

 
3,614

 
3,544

 
SOUTHERN STAR CENTRAL GAS PIPE
 
6/1/2016
 
6.000
%
 
9,449

 
9,888

 
9,933

 
TRANSCONTINENTAL GAS PIPE LINE
 
4/15/2016
 
6.400
%
 
649

 
680

 
692

 
TOTAL ENERGY
 
 
 
 

 

 
257,801

 
257,093

 
FINANCE COMPANIES
 
 
 
 

 
 

 
 

 
 

 
GENERAL ELECTRIC CAP CORP
 
10/17/2016
 
3.350
%
 
25,000

 
25,767

 
25,997

 
GENERAL ELECTRIC CAP CORP
 
7/2/2015
 
1.625
%
 
7,000

 
7,014

 
7,042

 
GENERAL ELECTRIC CAP CORP
 
1/8/2016
 
1.000
%
 
4,000

 
3,996

 
4,015

 
TOTAL FINANCE COMPANIES
 
 
 
 

 
 

 
36,777

 
37,054

 
INSURANCE
 
 
 
 

 
 

 
 

 
 

 
ANTHEM INC
 
9/10/2015
 
1.250
%
 
14,375

 
14,396

 
14,433

 
TOTAL INSURANCE
 
 
 
 

 
 

 
14,396

 
14,433

 
NATURAL GAS
 
 
 
 

 
 

 
 

 
 

 
SEMPRA ENERGY
 
4/1/2017
 
2.300
%
 
3,950

 
4,044

 
4,023

 
TOTAL NATURAL GAS
 
 
 
 

 
 

 
4,044

 
4,023

 
TECHNOLOGY
 
 
 
 

 
 

 
 

 
 

 
HEWLETT-PACKARD CO
 
9/15/2016
 
3.000
%
 
30,000

 
30,389

 
30,803

 
SAP IRELAND US FINANCIAL SERVICES
 
10/14/2017
 
2.950
%
 
3,000

 
3,075

 
3,062

 
SAP IRELAND US FINANCIAL SERVICES
 
6/1/2016
 
2.770
%
 
15,000

 
15,295

 
15,262

 
SAP IRELAND US FINANCIAL SERVICES
 
11/15/2017
 
2.130
%
 
10,000

 
10,000

 
9,981

 
TOTAL TECHNOLOGY
 
 
 
 

 
 

 
58,759

 
59,108

 
TRANSPORTATION
 
 
 
 

 
 

 
 

 
 

 
CSX CORPORATION
 
4/1/2015
 
6.250
%
 
367

 
371

 
372

 
UNION PACIFIC CORPORATION
 
2/1/2016
 
7.000
%
 
12,500

 
13,247

 
13,306

 
TOTAL TRANSPORTATION
 
 
 
 

 
 

 
13,618

 
13,678

 
TOTAL - CORPORATE DEBT SECURITIES
 
1,108,780

 
1,109,244

 
STRUCTURED SECURITIES
 
 
 
 

 
 

 
 

 
 

 
MERRILL LYNCH ELLIOTT & PAIGE
 
2/23/2010
 
2.209
%
 
11,000

 
—

 
—

c, d
TOTAL STRUCTURED SECURITIES
 
 
 
 

 
 

 
—

 
—

 
TOTAL - FIXED MATURITIES
 
 
 
 
 
 
 
4,222,747

 
4,212,187

 
COMMON STOCKS
 
 
 
 
 
 
 
 
 
 
 
BUILDING PRODCUTS
 
 
 
 
 
 
 
 
 
 
 
CONTECH ENGINEERED SOLUTIONS
 
 
 
 
 
13

 
296

 
515

d
TOTAL BUILDING PRODUCTS
 
 
 
 
 
 
 
296

 
515

 
CHEMICALS
 
 
 
 
 
 
 
 
 
 
 
LYONDELLBASELL INDUSTRIES NV
 
 
 
 
 
16

 
82

 
1,285

 
TOTAL CHEMICALS
 
 
 
 
 
 
 
82

 
1,285

 
CONGLOMERATES/DIVERSIFIED MFG
 
 
 
 
 
 
 
 
 
 
 
DAYCO LLC
 
 
 
 
 
10

 
115

 
353

 
TOTAL CONGLOMERATES/DIVERSIFIED MFG
 
 
 
 
 
 
 
115

 
353

 

F-48

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
ELECTRONIC/INFO/DATATECH
 
 
 
 
 
 
 
 
 
 
 
EAGLE TOPCO 2013 LTD
 
 
 
 
 
210

 
—

 
—

d
TOTAL ELECTRONIC/INFO/DATATECH
 
 
 
 
 
 
 
—

 
—

 
FINANCE - OTHER
 
 
 
 
 
 
 
 
 
 
 
NPF XII INC -ABS
 
 
 
 
 
10,000

 
—

 
—

d
TOTAL FINANCE - OTHER
 
 
 
 
 
 
 
—

 
—

 
GAMING
 
 
 
 
 
 
 
 
 
 
 
HERBST GAMING INC
 
 
 
 
 
9

 
87

 
87

d
TROPICANA ENTERTAINMENT LLC
 
 
 
 
 
4

 
—

 
73

d
TOTAL GAMING
 
 
 
 
 
 
 
87

 
160

 
MEDIA
 
 
 
 
 
 
 
 
 
 
 
CENGAGE LEARNING INC
 
 
 
 
 
4

 
128

 
85

d
CUMULUS MED INC
 
 
 
 
 
23

 
69

 
97

d
DEX ONE CORP
 
 
 
 
 
—

 
—

 
—

 
MEDIANEWS GRP INC

 
 
 
 
 
3

 
41

 
110

d
MGM HOLDINGS II INC
 
 
 
 
 
37

 
714

 
2,777

c, d
TRIBUNE MEDIA COMPANY
 
 
 
 
 
13

 
576

 
767

d
TOTAL MEDIA
 
 
 
 
 
 
 
1,528

 
3,836

 
METALS/MINING
 
 
 
 
 
 
 
 
 
 
 
ALERIS INTERNATIONAL INC
 
 
 
 
 
5

 
184

 
209

d
TOTAL METALS/MINING
 
 
 
 
 
 
 
184

 
209

 
PUBLISHING
 
 
 
 
 
 
 
 
 
 
 
TRIBUNE PUBLISHING CO
 
 
 
 
 
3

 
1

 
73

 
TOTAL PUBLISHING
 
 
 
 
 
 
 
1

 
73

 
TELECOMMUNICATIONS
 
 
 
 
 
 
 
 
 
 
 
HAWAIIAN TELCOM HOLDCO INC
 
 
 
 
 
3

 
50

 
92

c, d
TOTAL TELECOMMUNICATIONS
 
 
 
 
 
 
 
50

 
92

 
TOTAL - COMMON STOCKS
 
 
 
 
 
 
 
2,343

 
6,523

 
SYNDICATED LOANS
 
 
 
 
 
 
 
 
 
 
 
BASIC INDUSTRY
 
 
 
 
 
 
 
 
 
 
 
CELANESE US HOLDINGS LLC
 
10/31/2018
 
2.485
%
 
707

 
706

 
706

 
FMG RESOURCES -AUGUST 2006- PT
 
6/30/2019
 
3.750
%
 
997

 
992

 
992

 
HUNTSMAN INTERNATIONAL LLC
 
4/19/2017
 
0.027
%
 
1,168

 
1,165

 
1,165

 
HUNTSMAN INTERNATIONAL LLC
 
4/19/2017
 
0.029
%
 
433

 
430

 
430

 
TRONOX PIGMENTS -NETHERLANDS
 
3/19/2020
 
4.000
%
 
1,000

 
993

 
993

 
UNIVAR INC
 
6/30/2017
 
5.000
%
 
499

 
480

 
480

 
TOTAL BASIC INDUSTRY
 
 
 
 
 
 
 
4,766

 
4,766

 
BROKERAGE
 
 
 
 
 
 
 
 
 
 
 
LPL HOLDINGS
 
3/29/2019
 
3.250
%
 
740

 
732

 
732

 
TOTAL BROKERAGE
 
 
 
 
 
 
 
732

 
732

 
CAPITAL GOODS
 
 
 
 
 
 
 
 
 
 
 

F-49

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
ACCUDYNE INDUSTRIES BORROWER
 
12/13/2019
 
4.000
%
 
984

 
969

 
969

 
B/E AEROSPACE INC
 
12/16/2021
 
4.000
%
 
150

 
149

 
149

 
BERRY PLASTICS CORP
 
2/8/2020
 
3.500
%
 
997

 
982

 
982

 
BERRY PLASTICS GROUP INC
 
1/6/2021
 
3.750
%
 
2,024

 
1,997

 
1,997

 
CROSBY US ACQUISITION CORP
 
11/23/2020
 
3.750
%
 
997

 
995

 
995

 
IMG WORLDWIDE INC
 
5/6/2021
 
5.250
%
 
1,000

 
991

 
991

 
REYNOLDS GROUP HOLDINGS INC
 
12/1/2018
 
4.000
%
 
997

 
997

 
997

 
SPIRIT AROSYSTMS
 
9/15/2020
 
3.250
%
 
997

 
991

 
991

 
TRANSDIGM INC
 
2/28/2020
 
3.750
%
 
997

 
993

 
993

 
WCA WASTE
 
3/23/2018
 
4.000
%
 
734

 
734

 
734

 
WESCO AIRCRAFT
 
2/28/2021
 
3.250
%
 
995

 
983

 
983

 
TOTAL CAPITAL GOODS
 
 
 
 
 
 
 
10,781

 
10,781

 
COMMUNICATIONS
 
 
 
 
 
 
 
 
 
 
 
CHARTER COMMUN HLDGS LLC
 
1/3/2021
 
3.000
%
 
1,314

 
1,293

 
1,293

 
CSC HLDGS LLC
 
4/17/2020
 
2.656
%
 
871

 
859

 
859

 
DEX ONE CORP
 
12/31/2016
 
9.750
%
 
290

 
183

 
183

 
INTELSAT HOLDINGS SA
 
6/30/2019
 
3.750
%
 
1,000

 
984

 
984

 
ION MEDIA NETWORKS INC
 
12/18/2020
 
4.750
%
 
350

 
348

 
348

 
MEDIACOM LLC
 
1/31/2015
 
1.640
%
 
401

 
401

 
401

 
NATIONAL CNEMDIA
 
11/26/2019
 
2.984
%
 
1,000

 
977

 
977

 
NIELSEN FINANCE LLC
 
4/15/2021
 
3.158
%
 
755

 
754

 
754

 
SINCLAIR TELEVISION GROUP INC
 
4/9/2020
 
3.000
%
 
1,000

 
984

 
984

 
SONIFI SOLUTIONS INC
 
3/28/2018
 
6.750
%
 
309

 
260

 
260

 
SOUTHWIRE CO
 
2/10/2021
 
3.250
%
 
1,000

 
985

 
985

 
SUPERMEDIA INC
 
12/30/2016
 
11.600
%
 
202

 
141

 
141

 
TRIBUNE MEDIA COMPANY
 
12/27/2020
 
4.000
%
 
1,867

 
1,862

 
1,862

 
WINDSTREAM CORP
 
8/8/2019
 
3.500
%
 
1,000

 
987

 
987

 
YELL FINANCE LTD
 
3/1/2019
 
5.247
%
 
234

 
188

 
188

 
YELL FINANCE LTD
 
3/1/2024
 
1.234
%
 
543

 
—

 
—

d
YELL FINANCE LTD
 
3/1/2019
 
—
%
 
22

 
—

 
—

 
TOTAL COMMUNICATIONS
 
 
 
 
 
 
 
11,206

 
11,206

 
CONSUMER CYCLICAL
 
 
 
 
 
 
 
 
 
 
 
CREATIVE ARTISTS AGENCY LLC
 
12/17/2021
 
5.500
%
 
150

 
149

 
149

 
LAS VEGAS SANDS LLC
 
12/19/2020
 
3.250
%
 
556

 
544

 
544

 
PENN NTL GAMING INC
 
10/30/2020
 
3.250
%
 
997

 
992

 
992

 
REGAL CINEMAS CORP
 
8/23/2017
 
2.680
%
 
997

 
992

 
992

 
SABRE INC
 
2/19/2019
 
4.000
%
 
278

 
278

 
278

 
TOTAL CONSUMER CYCLICAL
 
 
 
 
 
 
 
2,955

 
2,955

 
CONSUMER NON-CYCLICAL
 
 
 
 
 
 
 
 
 
 
 
ARAMARK SERVICES INC
 
7/26/2016
 
3.666
%
 
49

 
49

 
49

 
ARAMARK SERVICES INC
 
7/26/2016
 
3.666
%
 
27

 
27

 
27

 

F-50

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
ARAMARK SERVICES INC
 
2/24/2021
 
3.250
%
 
743

 
740

 
740

 
BIOMET INC
 
7/25/2017
 
3.670
%
 
1,763

 
1,751

 
1,751

 
CATALENT PHARMA SOLUTIONS
 
5/20/2021
 
4.250
%
 
677

 
672

 
672

 
ENDO LUXEMBOURG FINANCE
 
3/1/2021
 
3.250
%
 
997

 
993

 
993

 
GRIFOLS WOLRDWIDE OPERATIONS U
 
2/27/2021
 
3.156
%
 
997

 
992

 
992

 
HCA-THE HEALTHCARE
 
5/1/2018
 
2.983
%
 
1,172

 
1,170

 
1,170

 
HJ HEINZ CO
 
6/5/2020
 
3.500
%
 
866

 
857

 
857

 
JARDEN CORP
 
9/30/2020
 
2.906
%
 
209

 
209

 
209

 
JBS USA LLC
 
9/18/2020
 
3.750
%
 
1,000

 
985

 
985

 
MALLINCKRODT INTERNATIONAL
 
3/19/2021
 
3.500
%
 
997

 
996

 
996

 
PARTY CITY HOLDINGS INC
 
7/27/2019
 
4.000
%
 
997

 
989

 
989

 
RPI FINANCE TRUST
 
11/9/2016
 
2.733
%
 
997

 
997

 
997

 
US FOODS INC
 
3/31/2019
 
4.500
%
 
1,500

 
1,493

 
1,493

 
VARSITY BRANDS INC.
 
12/10/2021
 
6.000
%
 
125

 
124

 
124

 
TOTAL CONSUMER NON-CYCLICAL
 
 
 
 
 
 
 
13,044

 
13,044

 
ELECTRIC
 
 
 
 
 
 
 
 
 
 
 
CALPINE CORP
 
10/22/2020
 
4.000
%
 
1,000

 
991

 
991

 
ENERGY FUTURE HOLDINGS CORP
 
4/25/2015
 
—
%
 
1,883

 
1,868

 
1,868

 
EQUIPOWER RESOURCES HOLDINGS
 
12/21/2018
 
5.500
%
 
2,000

 
1,998

 
1,998

 
STAR WEST GENERATION LLC
 
3/13/2020
 
4.250
%
 
1,000

 
997

 
997

 
VIVA ALAMO LLC
 
2/22/2021
 
5.250
%
 
274

 
272

 
272

 
TOTAL ELECTRIC
 
 
 
 
 
 
 
6,126

 
6,126

 
OTHER INDUSTRY
 
 
 
 
 
 
 
 
 
 
 
BELDEN INC
 
9/27/2020
 
3.250
%
 
997

 
997

 
997

 
TOTAL OTHER INDUSTRY
 
 
 
 
 
 
 
997

 
997

 
OTHER UTILITY
 
 
 
 
 
 
 
 
 
 
 
SANDY CREEK
 
11/9/2020
 
5.000
%
 
1,000

 
996

 
996

 
TOTAL UTILITY
 
 
 
 
 
 
 
996

 
996

 
TECHNOLOGY
 
 
 
 
 
 
 
 
 
 
 
AVAGO TECHNOLOGIES LTD
 
5/6/2021
 
3.750
%
 
995

 
995

 
995

 
DELL INC
 
10/29/2018
 
3.750
%
 
973

 
973

 
973

 
FREESCALE SEMICONDUCTOR INC
 
2/28/2020
 
4.250
%
 
1,477

 
1,452

 
1,452

 
MICROSEMI CORP
 
2/19/2020
 
3.250
%
 
1,000

 
990

 
990

 
TOTAL TECHNOLOGY
 
 
 
 
 
 
 
4,410

 
4,410

 

F-51

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
TRANSPORTATION
 
 
 
 
 
 
 
 
 
 
 
AMERICAN AIRLINES
 
6/27/2019
 
3.750
%
 
997

 
993

 
993

 
DELTA AIR LINES INC
 
10/18/2018
 
3.250
%
 
1,000

 
984

 
984

 
HERTZ CORPORATION
 
3/11/2018
 
3.500
%
 
997

 
983

 
983

 
TOTAL TRANSPORTATION
 
 
 
 
 
 
 
2,960

 
2,960

 
TOTAL - SYNDICATED LOANS BEFORE ALLOWANCE FOR LOAN LOSSES
 
58,973

 
58,973

 
ALLOWANCE FOR LOAN LOSSES
 
 
 
 
 
 
 
(1,123
)
 
(1,123
)
 
TOTAL - SYNDICATED LOANS, NET
 
 
 
 

 
 

 
57,850

 
57,850

 
 
 
 
 
 
 
 
 
 
 
 
 
DERIVATIVES
 
 
 
 
 
 
 
 
 
 
 
PURCHASED OPTIONS
 
 
 
 
 
 
 
 
 
 
 
BNP PARIBAS SA
 
2/10/2015
 
 
 
—

 
1,300

 
1,300

 
BNP PARIBAS SA
 
2/17/2015
 
 
 
—

 
1,146

 
1,146

 
BNP PARIBAS SA
 
2/24/2015
 
 
 
—

 
1,199

 
1,199

 
BNP PARIBAS SA
 
3/10/2015
 
 
 
—

 
1,002

 
1,002

 
BNP PARIBAS SA
 
3/17/2015
 
 
 
—

 
1,092

 
1,092

 
BNP PARIBAS SA
 
3/24/2015
 
 
 
—

 
1,193

 
1,193

 
BNP PARIBAS SA
 
4/21/2015
 
 
 
—

 
1,042

 
1,042

 
BNP PARIBAS SA
 
4/28/2015
 
 
 
—

 
1,081

 
1,081

 
BNP PARIBAS SA
 
8/18/2015
 
 
 
—

 
800

 
800

 
BNP PARIBAS SA
 
9/8/2015
 
 
 
—

 
741

 
741

 
BNP PARIBAS SA
 
9/22/2015
 
 
 
—

 
680

 
680

 
BNP PARIBAS SA
 
10/6/2015
 
 
 
—

 
821

 
821

 
BNP PARIBAS SA
 
10/13/2015
 
 
 
—

 
1,055

 
1,055

 
BNP PARIBAS SA
 
10/27/2015
 
 
 
—

 
671

 
671

 
BNP PARIBAS SA
 
11/17/2015
 
 
 
—

 
491

 
491

 
BNP PARIBAS SA
 
11/24/2015
 
 
 
—

 
417

 
417

 
BNP PARIBAS SA
 
12/15/2015
 
 
 
—

 
775

 
775

 
BNP PARIBAS SA
 
12/22/2015
 
 
 
—

 
512

 
512

 
S & P 500 PLOT
 
2/3/2015
 
 
 
—

 
1,635

 
1,635

 
WELLS FARGO BANK NA
 
1/6/2015
 
 
 
—

 
1,057

 
1,057

 
WELLS FARGO BANK NA
 
1/13/2015
 
 
 
—

 
1,247

 
1,247

 
WELLS FARGO BANK NA
 
1/20/2015
 
 
 
—

 
1,221

 
1,221

 
WELLS FARGO BANK NA
 
1/27/2015
 
 
 
—

 
1,589

 
1,589

 
WELLS FARGO BANK NA
 
3/3/2015
 
 
 
—

 
1,082

 
1,082

 
WELLS FARGO BANK NA
 
3/31/2015
 
 
 
—

 
1,044

 
1,044

 
WELLS FARGO BANK NA
 
4/7/2015
 
 
 
—

 
1,130

 
1,130

 
WELLS FARGO BANK NA
 
4/14/2015
 
 
 
—

 
1,317

 
1,317

 
WELLS FARGO BANK NA
 
5/5/2015
 
 
 
—

 
1,091

 
1,091

 
WELLS FARGO BANK NA
 
5/12/2015
 
 
 
—

 
956

 
956

 

F-52

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
WELLS FARGO BANK NA
 
5/19/2015
 
 
 
—

 
1,081

 
1,081

 
WELLS FARGO BANK NA
 
5/26/2015
 
 
 
—

 
890

 
890

 
WELLS FARGO BANK NA
 
6/2/2015
 
 
 
—

 
919

 
919

 
WELLS FARGO BANK NA
 
6/9/2015
 
 
 
—

 
907

 
907

 
WELLS FARGO BANK NA
 
6/16/2015
 
 
 
—

 
909

 
909

 
WELLS FARGO BANK NA
 
6/23/2015
 
 
 
—

 
713

 
713

 
WELLS FARGO BANK NA
 
6/30/2015
 
 
 
—

 
615

 
615

 
WELLS FARGO BANK NA
 
7/7/2015
 
 
 
—

 
635

 
635

 
WELLS FARGO BANK NA
 
7/14/2015
 
 
 
—

 
642

 
642

 
WELLS FARGO BANK NA
 
7/21/2015
 
 
 
—

 
628

 
628

 
WELLS FARGO BANK NA
 
7/28/2015
 
 
 
—

 
606

 
606

 
WELLS FARGO BANK NA
 
8/4/2015
 
 
 
—

 
818

 
818

 
WELLS FARGO BANK NA
 
8/11/2015
 
 
 
—

 
866

 
866

 
WELLS FARGO BANK NA
 
8/25/2015
 
 
 
—

 
742

 
742

 
WELLS FARGO BANK NA
 
9/1/2015
 
 
 
—

 
648

 
648

 
WELLS FARGO BANK NA
 
9/15/2015
 
 
 
—

 
655

 
655

 
WELLS FARGO BANK NA
 
9/29/2015
 
 
 
—

 
783

 
783

 
WELLS FARGO BANK NA
 
10/20/2015
 
 
 
—

 
869

 
869

 
WELLS FARGO BANK NA
 
11/3/2015
 
 
 
—

 
559

 
559

 
WELLS FARGO BANK NA
 
11/10/2015
 
 
 
—

 
506

 
506

 
WELLS FARGO BANK NA
 
12/1/2015
 
 
 
—

 
500

 
500

 
WELLS FARGO BANK NA
 
12/8/2015
 
 
 
—

 
486

 
486

 
WELLS FARGO BANK NA
 
12/29/2015
 
 
 
—

 
500

 
500

 
TOTAL PURCHASED OPTIONS
 
 
 
 
 
 
 
45,864

 
45,864

 
WRITTEN OPTIONS
 
 
 
 
 
 
 
 
 
 
 
BNP PARIBAS SA
 
2/10/2015
 
 
 
—

 
(1,118
)
 
(1,118
)
 
BNP PARIBAS SA
 
2/10/2015
 
 
 
—

 
(30
)
 
(30
)
 
BNP PARIBAS SA
 
2/17/2015
 
 
 
—

 
(991
)
 
(991
)
 
BNP PARIBAS SA
 
2/17/2015
 
 
 
—

 
(13
)
 
(13
)
 
BNP PARIBAS SA
 
2/24/2015
 
 
 
—

 
(1,038
)
 
(1,038
)
 
BNP PARIBAS SA
 
2/24/2015
 
 
 
—

 
(13
)
 
(13
)
 
BNP PARIBAS SA
 
3/10/2015
 
 
 
—

 
(842
)
 
(842
)
 
BNP PARIBAS SA
 
3/10/2015
 
 
 
—

 
(24
)
 
(24
)
 
BNP PARIBAS SA
 
3/17/2015
 
 
 
—

 
(940
)
 
(940
)
 
BNP PARIBAS SA
 
3/17/2015
 
 
 
—

 
(12
)
 
(12
)
 
BNP PARIBAS SA
 
3/24/2015
 
 
 
—

 
(1,032
)
 
(1,032
)
 
BNP PARIBAS SA
 
3/24/2015
 
 
 
—

 
(12
)
 
(12
)
 
BNP PARIBAS SA
 
4/21/2015
 
 
 
—

 
(901
)
 
(901
)
 
BNP PARIBAS SA
 
4/21/2015
 
 
 
—

 
(12
)
 
(12
)
 
BNP PARIBAS SA
 
4/28/2015
 
 
 
—

 
(937
)
 
(937
)
 

F-53

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
BNP PARIBAS SA
 
4/28/2015
 
 
 
—

 
(12
)
 
(12
)
 
BNP PARIBAS SA
 
8/18/2015
 
 
 
—

 
(680
)
 
(680
)
 
BNP PARIBAS SA
 
8/18/2015
 
 
 
—

 
(8
)
 
(8
)
 
BNP PARIBAS SA
 
9/8/2015
 
 
 
—

 
(630
)
 
(630
)
 
BNP PARIBAS SA
 
9/8/2015
 
 
 
—

 
(8
)
 
(8
)
 
BNP PARIBAS SA
 
9/22/2015
 
 
 
—

 
(580
)
 
(580
)
 
BNP PARIBAS SA
 
9/22/2015
 
 
 
—

 
(9
)
 
(9
)
 
BNP PARIBAS SA
 
10/6/2015
 
 
 
—

 
(715
)
 
(715
)
 
BNP PARIBAS SA
 
10/6/2015
 
 
 
—

 
(12
)
 
(12
)
 
BNP PARIBAS SA
 
10/13/2015
 
 
 
—

 
(939
)
 
(939
)
 
BNP PARIBAS SA
 
10/13/2015
 
 
 
—

 
(16
)
 
(16
)
 
BNP PARIBAS SA
 
10/27/2015
 
 
 
—

 
(574
)
 
(574
)
 
BNP PARIBAS SA
 
10/27/2015
 
 
 
—

 
(9
)
 
(9
)
 
BNP PARIBAS SA
 
11/17/2015
 
 
 
—

 
(423
)
 
(423
)
 
BNP PARIBAS SA
 
11/17/2015
 
 
 
—

 
(8
)
 
(8
)
 
BNP PARIBAS SA
 
11/24/2015
 
 
 
—

 
(356
)
 
(356
)
 
BNP PARIBAS SA
 
11/24/2015
 
 
 
—

 
(7
)
 
(7
)
 
BNP PARIBAS SA
 
12/15/2015
 
 
 
—

 
(687
)
 
(687
)
 
BNP PARIBAS SA
 
12/15/2015
 
 
 
—

 
(12
)
 
(12
)
 
BNP PARIBAS SA
 
12/22/2015
 
 
 
—

 
(441
)
 
(441
)
 
BNP PARIBAS SA
 
12/22/2015
 
 
 
—

 
(7
)
 
(7
)
 
CME GROUP INC
 
2/3/2015
 
 
 
—

 
(21
)
 
(21
)
 
S&P 500 INDEX®
 
2/3/2015
 
 
 
—

 
(1,471
)
 
(1,471
)
 
WELLS FARGO BANK NA
 
1/6/2015
 
 
 
—

 
(905
)
 
(905
)
 
WELLS FARGO BANK NA
 
1/6/2015
 
 
 
—

 
(13
)
 
(13
)
 
WELLS FARGO BANK NA
 
1/13/2015
 
 
 
—

 
(1,070
)
 
(1,070
)
 
WELLS FARGO BANK NA
 
1/13/2015
 
 
 
—

 
(12
)
 
(12
)
 
WELLS FARGO BANK NA
 
1/20/2015
 
 
 
—

 
(1,046
)
 
(1,046
)
 
WELLS FARGO BANK NA
 
1/20/2015
 
 
 
—

 
(12
)
 
(12
)
 
WELLS FARGO BANK NA
 
1/27/2015
 
 
 
—

 
(1,407
)
 
(1,407
)
 
WELLS FARGO BANK NA
 
1/27/2015
 
 
 
—

 
(17
)
 
(17
)
 
WELLS FARGO BANK NA
 
3/3/2015
 
 
 
—

 
(909
)
 
(909
)
 
WELLS FARGO BANK NA
 
3/3/2015
 
 
 
—

 
(22
)
 
(22
)
 
WELLS FARGO BANK NA
 
3/31/2015
 
 
 
—

 
(896
)
 
(896
)
 
WELLS FARGO BANK NA
 
3/31/2015
 
 
 
—

 
(11
)
 
(11
)
 
WELLS FARGO BANK NA
 
4/7/2015
 
 
 
—

 
(965
)
 
(965
)
 
WELLS FARGO BANK NA
 
4/7/2015
 
 
 
—

 
(28
)
 
(28
)
 
WELLS FARGO BANK NA
 
4/14/2015
 
 
 
—

 
(1,156
)
 
(1,156
)
 
WELLS FARGO BANK NA
 
4/14/2015
 
 
 
—

 
(15
)
 
(15
)
 
WELLS FARGO BANK NA
 
5/5/2015
 
 
 
—

 
(951
)
 
(951
)
 

F-54

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
WELLS FARGO BANK NA
 
5/5/2015
 
 
 
—

 
(13
)
 
(13
)
 
WELLS FARGO BANK NA
 
5/12/2015
 
 
 
—

 
(823
)
 
(823
)
 
WELLS FARGO BANK NA
 
5/12/2015
 
 
 
—

 
(11
)
 
(11
)
 
WELLS FARGO BANK NA
 
5/19/2015
 
 
 
—

 
(944
)
 
(944
)
 
WELLS FARGO BANK NA
 
5/19/2015
 
 
 
—

 
(13
)
 
(13
)
 
WELLS FARGO BANK NA
 
5/26/2015
 
 
 
—

 
(762
)
 
(762
)
 
WELLS FARGO BANK NA
 
5/26/2015
 
 
 
—

 
(11
)
 
(11
)
 
WELLS FARGO BANK NA
 
6/2/2015
 
 
 
—

 
(785
)
 
(785
)
 
WELLS FARGO BANK NA
 
6/2/2015
 
 
 
—

 
(10
)
 
(10
)
 
WELLS FARGO BANK NA
 
6/9/2015
 
 
 
—

 
(768
)
 
(768
)
 
WELLS FARGO BANK NA
 
6/9/2015
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
6/16/2015
 
 
 
—

 
(760
)
 
(760
)
 
WELLS FARGO BANK NA
 
6/16/2015
 
 
 
—

 
(18
)
 
(18
)
 
WELLS FARGO BANK NA
 
6/23/2015
 
 
 
—

 
(603
)
 
(603
)
 
WELLS FARGO BANK NA
 
6/23/2015
 
 
 
—

 
(9
)
 
(9
)
 
WELLS FARGO BANK NA
 
6/30/2015
 
 
 
—

 
(512
)
 
(512
)
 
WELLS FARGO BANK NA
 
6/30/2015
 
 
 
—

 
(7
)
 
(7
)
 
WELLS FARGO BANK NA
 
7/7/2015
 
 
 
—

 
(535
)
 
(535
)
 
WELLS FARGO BANK NA
 
7/7/2015
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
7/14/2015
 
 
 
—

 
(537
)
 
(537
)
 
WELLS FARGO BANK NA
 
7/14/2015
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
7/21/2015
 
 
 
—

 
(523
)
 
(523
)
 
WELLS FARGO BANK NA
 
7/21/2015
 
 
 
—

 
(7
)
 
(7
)
 
WELLS FARGO BANK NA
 
7/28/2015
 
 
 
—

 
(508
)
 
(508
)
 
WELLS FARGO BANK NA
 
7/28/2015
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
8/4/2015
 
 
 
—

 
(706
)
 
(706
)
 
WELLS FARGO BANK NA
 
8/4/2015
 
 
 
—

 
(11
)
 
(11
)
 
WELLS FARGO BANK NA
 
8/11/2015
 
 
 
—

 
(746
)
 
(746
)
 
WELLS FARGO BANK NA
 
8/11/2015
 
 
 
—

 
(11
)
 
(11
)
 
WELLS FARGO BANK NA
 
8/25/2015
 
 
 
—

 
(604
)
 
(604
)
 
WELLS FARGO BANK NA
 
8/25/2015
 
 
 
—

 
(23
)
 
(23
)
 
WELLS FARGO BANK NA
 
9/1/2015
 
 
 
—

 
(546
)
 
(546
)
 
WELLS FARGO BANK NA
 
9/1/2015
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
9/15/2015
 
 
 
—

 
(555
)
 
(555
)
 
WELLS FARGO BANK NA
 
9/15/2015
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
9/29/2015
 
 
 
—

 
(672
)
 
(672
)
 
WELLS FARGO BANK NA
 
9/29/2015
 
 
 
—

 
(10
)
 
(10
)
 
WELLS FARGO BANK NA
 
10/20/2015
 
 
 
—

 
(758
)
 
(758
)
 
WELLS FARGO BANK NA
 
10/20/2015
 
 
 
—

 
(12
)
 
(12
)
 
WELLS FARGO BANK NA
 
11/3/2015
 
 
 
—

 
(485
)
 
(485
)
 

F-55

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2014
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
WELLS FARGO BANK NA
 
11/3/2015
 
 
 
—

 
(9
)
 
(9
)
 
WELLS FARGO BANK NA
 
11/10/2015
 
 
 
—

 
(434
)
 
(434
)
 
WELLS FARGO BANK NA
 
11/10/2015
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
12/8/2015
 
 
 
—

 
(419
)
 
(419
)
 
WELLS FARGO BANK NA
 
12/8/2015
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
12/29/2015
 
 
 
—

 
(430
)
 
(430
)
 
WELLS FARGO BANK NA
 
12/29/2015
 
 
 
—

 
(7
)
 
(7
)
 
WELLS FARGO BANK NA/MN
 
12/1/2015
 
 
 
—

 
(430
)
 
(430
)
 
WELLS FARGO BANK NA/MN
 
12/1/2015
 
 
 
—

 
(7
)
 
(7
)
 
TOTAL WRITTEN OPTIONS
 
 
 
 
 
 
 
(40,073
)
 
(40,073
)
 
NONPERFORMANCE RISK ADJUSTMENTS
 
 
 
 
 
 
 
 
 
 
 
NONPERFORMANCE RISK ADJUSTMENT
 
 
 
 
 
—

 
(7
)
 
(7
)
 
TOTAL NON PERFORMANCE RISK ADJUSTMENTS
 
 
 
 
 
 
 
(7
)
 
(7
)
 
TOTAL DERIVATIVES
 
 
 
 
 
 
 
5,784

 
5,784

 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL INVESTMENTS IN CASH EQUIVALENTS, FIXED MATURITIES, COMMON STOCK, SYNDICATED LOANS AND DERIVATIVES
 
 
 
 

 
 

 
$
4,316,522

 
$
4,310,142

 
 
 
 
 
 
 
 
 
 
 
 
 
NOTES
(a) Cash equivalents are carried at amortized cost which approximates fair value. Fixed maturities and common stock are carried at fair value. In the absence of quoted market prices, fair values are obtained from third party pricing services, non-binding broker quotes or other model-based valuation techniques. Syndicated loans are carried at amortized cost, less allowance for loan losses. Derivatives are traded in over-the-counter markets using pricing models with market observable inputs. See notes to the financial statements regarding security valuation.
(b) For Federal income tax purposes, the cost of investments is $4.3 billion.
(c) Securities written down due to other-than-temporary impairment related to credit losses.
(d) Non-Income producing securities.


F-56

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
CASH EQUIVALENTS
 
 
 
 

 
 

 
 

 
 

 
COMMERCIAL PAPER
 
 
 
 

 
 

 
 

 
 

 
DTE GAS CO
 
1/7/2014
 
—
%
 
$
15,000

 
$
15,000

 
$
15,000

 
LIBERTY STREET FUNDING LLC
 
1/2/2014
 
—
%
 
36,600

 
36,600

 
36,600

 
NOBLE CORP/CAYMAN ISLANDS
 
1/6/2014
 
—
%
 
20,000

 
19,998

 
19,998

 
TOTAL CASH EQUIVALENTS
 
 
 
 

 
 

 
71,598

 
71,598

 
FIXED MATURITIES
 
 
 
 

 
 

 
 

 
 

 
U.S. GOVERNMENT AND AGENCIES OBLIGATIONS
 
 

 
 

 
 

 
 

 
UNITED STATES TREASURY
 
11/15/2028
 
5.250
%
 
200

 
213

 
241

 
UNITED STATES TREASURY
 
5/15/2014
 
4.750
%
 
165

 
166

 
168

 
TOTAL - U.S. GOVERNMENT AND AGENCIES OBLIGATIONS
 
 

 
379

 
409

 
RESIDENTIAL MORTGAGE BACKED SECURITIES
 
 
 
 
 
 
 
AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES:
 
 

 
 

 
 

 
FREDDIE MAC GOLD G10949
 
7/1/2014
 
6.500
%
 
7

 
7

 
7

 
FREDDIE MAC GOLD G11004
 
4/1/2015
 
7.000
%
 
12

 
12

 
12

 
FREDDIE MAC GOLD G11193
 
8/1/2016
 
5.000
%
 
420

 
418

 
445

 
FREDDIE MAC GOLD G11298
 
8/1/2017
 
5.000
%
 
748

 
747

 
791

 
FREDDIE MAC ARM 845154
 
7/1/2022
 
2.338
%
 
60

 
61

 
63

 
FREDDIE MAC ARM 845523
 
11/1/2023
 
2.252
%
 
23

 
24

 
24

 
FREDDIE MAC ARM 845654
 
2/1/2024
 
2.611
%
 
250

 
251

 
266

 
FREDDIE MAC ARM 845730
 
11/1/2023
 
2.311
%
 
229

 
231

 
236

 
FREDDIE MAC ARM 845733
 
4/1/2024
 
2.359
%
 
299

 
302

 
305

 
FREDDIE MAC ARM 846702
 
10/1/2029
 
2.448
%
 
82

 
84

 
88

 
FREDDIE MAC ARM 846107
 
2/1/2025
 
2.740
%
 
67

 
68

 
69

 
FREDDIE MAC GOLD G30227
 
5/1/2023
 
5.500
%
 
1,266

 
1,304

 
1,382

 
FREDDIE MAC GOLD E76761
 
5/1/2014
 
6.500
%
 
12

 
12

 
12

 
FREDDIE MAC GOLD E77557
 
6/1/2014
 
6.500
%
 
1

 
1

 
1

 
FREDDIE MAC GOLD E90153
 
6/1/2017
 
6.000
%
 
163

 
166

 
171

 
FREDDIE MAC GOLD E90154
 
6/1/2017
 
6.000
%
 
497

 
506

 
519

 
FREDDIE MAC GOLD E91041
 
9/1/2017
 
5.000
%
 
617

 
617

 
653

 
FREDDIE MAC GOLD E95403
 
3/1/2018
 
5.000
%
 
767

 
779

 
812

 
FREDDIE MAC GOLD E95671
 
4/1/2018
 
5.000
%
 
963

 
978

 
1,020

 
FREDDIE MAC 1N1474
 
5/1/2037
 
2.385
%
 
4,329

 
4,504

 
4,627

 
FREDDIE MAC 1H2520
 
6/1/2035
 
2.394
%
 
14,603

 
15,541

 
15,372

 
FREDDIE MAC 1Q1540
 
6/1/2040
 
5.243
%
 
24,684

 
26,425

 
26,450

 
FREDDIE MAC 1Q1515
 
11/1/2038
 
2.522
%
 
50,724

 
53,747

 
53,941

 
FREDDIE MAC 1Q1548
 
8/1/2038
 
2.485
%
 
23,379

 
24,676

 
24,769

 
FREDDIE MAC ARM 350190
 
5/1/2022
 
2.375
%
 
54

 
55

 
56

 
FREDDIE MAC GOLD E01140
 
5/1/2017
 
6.000
%
 
899

 
912

 
944

 
FREDDIE MAC ARM 788941
 
12/1/2031
 
2.375
%
 
137

 
135

 
145

 
FREDDIE MAC 848922
 
4/1/2037
 
2.537
%
 
13,725

 
14,685

 
14,539

 

F-57

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
FREDDIE MAC ARM 848530
 
9/1/2039
 
3.452
%
 
13,269

 
14,047

 
14,013

 
FREDDIE MAC GOLD C90581
 
8/1/2022
 
5.500
%
 
360

 
358

 
393

 
FREDDIE MAC GOLD C90582
 
9/1/2022
 
5.500
%
 
215

 
214

 
235

 
FREDDIE MAC ARM 1B0183
 
12/1/2031
 
2.781
%
 
128

 
126

 
129

 
FREDDIE MAC ARM 780845
 
9/1/2033
 
2.375
%
 
468

 
455

 
490

 
FREDDIE MAC ARM 780514
 
5/1/2033
 
2.381
%
 
983

 
1,005

 
1,030

 
FREDDIE MAC ARM 605041
 
2/1/2019
 
2.267
%
 
11

 
11

 
11

 
FREDDIE MAC ARM 605048
 
11/1/2018
 
1.928
%
 
5

 
5

 
5

 
FREDDIE MAC ARM 840031
 
1/1/2019
 
2.250
%
 
5

 
5

 
5

 
FREDDIE MAC ARM 840035
 
1/1/2019
 
2.250
%
 
38

 
38

 
39

 
FREDDIE MAC ARM 840036
 
1/1/2019
 
2.250
%
 
22

 
22

 
23

 
FREDDIE MAC ARM 840072
 
6/1/2019
 
2.125
%
 
48

 
48

 
49

 
FREDDIE MAC ARM 405014
 
1/1/2019
 
2.260
%
 
26

 
26

 
26

 
FREDDIE MAC ARM 405092
 
3/1/2019
 
2.125
%
 
37

 
37

 
38

 
FREDDIE MAC ARM 405185
 
10/1/2018
 
2.172
%
 
66

 
65

 
69

 
FREDDIE MAC ARM 405243
 
7/1/2019
 
2.260
%
 
51

 
51

 
51

 
FREDDIE MAC ARM 405437
 
10/1/2019
 
2.275
%
 
54

 
54

 
57

 
FREDDIE MAC ARM 405615
 
10/1/2019
 
2.107
%
 
24

 
24

 
25

 
FREDDIE MAC ARM 605432
 
8/1/2017
 
2.088
%
 
28

 
28

 
28

 
FREDDIE MAC ARM 605433
 
9/1/2017
 
2.021
%
 
51

 
51

 
53

 
FREDDIE MAC ARM 605454
 
10/1/2017
 
2.151
%
 
22

 
22

 
22

 
FREDDIE MAC ARM 606024
 
2/1/2019
 
1.958
%
 
40

 
39

 
40

 
FREDDIE MAC ARM 606025
 
7/1/2019
 
1.700
%
 
142

 
142

 
142

 
FREDDIE MAC ARM 785363
 
2/1/2025
 
2.592
%
 
114

 
115

 
119

 
FREDDIE MAC ARM 865008
 
2/1/2018
 
2.598
%
 
62

 
63

 
64

 
FREDDIE MAC ARM 780903
 
9/1/2033
 
2.375
%
 
606

 
601

 
641

 
FREDDIE MAC ARM 781884
 
8/1/2034
 
5.209
%
 
2,644

 
2,675

 
2,807

 
FANNIE MAE_99-8 CMO 8 QD
 
3/25/2014
 
6.000
%
 
8

 
8

 
8

 
FANNIE MAE ARM 70117
 
9/1/2017
 
2.382
%
 
6

 
6

 
6

 
FANNIE MAE ARM 70007
 
7/1/2017
 
1.883
%
 
23

 
23

 
24

 
FANNIE MAE ARM 105989
 
8/1/2020
 
3.541
%
 
28

 
29

 
28

 
FANNIE MAE ARM 88879
 
11/1/2019
 
2.631
%
 
126

 
126

 
127

 
FANNIE MAE ARM 89125
 
8/1/2019
 
1.873
%
 
133

 
134

 
133

 
FANNIE MAE ARM 190726
 
3/1/2033
 
4.825
%
 
265

 
270

 
285

 
FANNIE MAE 13-2 13-2 KF
 
1/25/2037
 
0.346
%
 
22,936

 
22,879

 
22,818

 
FANNIE MAE ARM 249907
 
2/1/2024
 
2.625
%
 
296

 
298

 
315

 
FANNIE MAE 252259
 
2/1/2014
 
5.500
%
 
—

 
—

 
—

 
FANNIE MAE 252344
 
3/1/2014
 
5.500
%
 
8

 
8

 
9

 
FANNIE MAE 252381
 
4/1/2014
 
5.500
%
 
18

 
18

 
20

 
FANNIE MAE 254590
 
1/1/2018
 
5.000
%
 
2,292

 
2,297

 
2,441

 

F-58

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
FANNIE MAE 254591
 
1/1/2018
 
5.500
%
 
1,474

 
1,496

 
1,575

 
FANNIE MAE ARM 303259
 
3/1/2025
 
2.228
%
 
129

 
131

 
136

 
FANNIE MAE 303970
 
9/1/2024
 
6.000
%
 
786

 
777

 
881

 
FANNIE MAE 323748
 
4/1/2014
 
6.500
%
 
7

 
7

 
7

 
FANNIE MAE 323833
 
7/1/2014
 
6.000
%
 
9

 
9

 
9

 
FREDDIE MAC_3812 3812 BE
 
9/15/2018
 
2.750
%
 
4,562

 
4,613

 
4,711

 
FREDDIE MAC_4159 4159 FD
 
1/15/2043
 
0.517
%
 
23,829

 
23,919

 
23,890

 
FANNIE MAE 509806
 
8/1/2014
 
6.500
%
 
17

 
17

 
17

 
FANNIE MAE 545492
 
2/1/2022
 
5.500
%
 
410

 
406

 
451

 
FANNIE MAE 545249
 
10/1/2016
 
5.500
%
 
519

 
519

 
551

 
FANNIE MAE 545303
 
9/1/2016
 
5.000
%
 
1,241

 
1,232

 
1,320

 
FANNIE MAE ARM 545786
 
6/1/2032
 
2.290
%
 
242

 
242

 
254

 
FANNIE MAE HYBRID ARM 566074
 
5/1/2031
 
2.400
%
 
504

 
504

 
526

 
FANNIE MAE HYBRID ARM 584507
 
6/1/2031
 
2.285
%
 
351

 
350

 
365

 
FANNIE MAE 584829
 
5/1/2016
 
6.000
%
 
123

 
122

 
127

 
FANNIE MAE 585743
 
5/1/2016
 
5.500
%
 
384

 
384

 
408

 
FANNIE MAE 616220
 
11/1/2016
 
5.000
%
 
408

 
404

 
433

 
FANNIE MAE 617270
 
1/1/2017
 
5.000
%
 
651

 
647

 
693

 
FANNIE MAE ARM 620293
 
1/1/2032
 
2.400
%
 
566

 
560

 
586

 
FANNIE MAE 622462
 
12/1/2016
 
5.500
%
 
501

 
498

 
536

 
FANNIE MAE 623866
 
2/1/2017
 
5.000
%
 
600

 
598

 
638

 
FANNIE MAE 625943
 
3/1/2017
 
5.000
%
 
590

 
589

 
628

 
FANNIE MAE AL1037
 
1/1/2037
 
2.408
%
 
8,768

 
9,372

 
9,342

 
FANNIE MAE AL2269
 
10/1/2040
 
3.767
%
 
16,828

 
17,920

 
17,707

 
FANNIE MAE AL3935
 
9/1/2037
 
2.430
%
 
21,969

 
23,299

 
23,384

 
FANNIE MAE AL3961
 
2/1/2039
 
2.370
%
 
16,063

 
16,993

 
17,093

 
FANNIE MAE ARM AL4110
 
3/1/2037
 
2.342
%
 
18,239

 
19,238

 
19,158

 
FANNIE MAE ARM AL4100
 
9/1/2036
 
2.388
%
 
26,926

 
28,472

 
28,500

 
FANNIE MAE ARM AL4114
 
2/1/2039
 
2.571
%
 
22,187

 
23,603

 
23,604

 
FANNIE MAE AO8746
 
8/1/2027
 
2.500
%
 
36,502

 
37,837

 
36,251

 
FANNIE MAE ARM 651629
 
8/1/2032
 
2.381
%
 
347

 
347

 
367

 
FANNIE MAE ARM 654158
 
10/1/2032
 
1.790
%
 
663

 
663

 
690

 
FANNIE MAE ARM 654195
 
10/1/2032
 
1.790
%
 
977

 
977

 
1,018

 
FANNIE MAE ARM 655646
 
8/1/2032
 
2.408
%
 
466

 
467

 
492

 
FANNIE MAE ARM 655798
 
8/1/2032
 
2.284
%
 
795

 
794

 
847

 
FANNIE MAE ARM 661501
 
9/1/2032
 
2.191
%
 
213

 
214

 
223

 
FANNIE MAE ARM 661349
 
9/1/2032
 
2.231
%
 
289

 
289

 
300

 
FANNIE MAE ARM 661744
 
10/1/2032
 
2.203
%
 
533

 
535

 
557

 
FANNIE MAE ARM 664521
 
10/1/2032
 
2.080
%
 
201

 
201

 
211

 
FANNIE MAE ARM 664750
 
10/1/2032
 
2.152
%
 
481

 
482

 
507

 

F-59

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
FANNIE MAE ARM 670731
 
11/1/2032
 
1.790
%
 
507

 
509

 
526

 
FANNIE MAE ARM 670779
 
11/1/2032
 
1.790
%
 
1,136

 
1,143

 
1,210

 
FANNIE MAE ARM 670890
 
12/1/2032
 
1.797
%
 
724

 
727

 
748

 
FANNIE MAE ARM 670912
 
12/1/2032
 
1.790
%
 
592

 
593

 
611

 
FANNIE MAE ARM 670947
 
12/1/2032
 
1.794
%
 
896

 
900

 
925

 
FREDDIE MAC_2574 CMO 2574 JM
 
12/15/2022
 
5.000
%
 
383

 
385

 
392

 
FREDDIE MAC_2586 CMO 2586 GB
 
1/15/2023
 
5.500
%
 
625

 
630

 
644

 
FANNIE MAE_05-87 05-87 PE
 
12/25/2033
 
5.000
%
 
4,287

 
4,369

 
4,395

 
FANNIE MAE_06-36 06-36 GF
 
5/25/2036
 
0.466
%
 
12,149

 
12,209

 
12,108

 
FREDDIE MAC_2907 2907 AG
 
3/15/2019
 
4.500
%
 
260

 
259

 
263

 
FREDDIE MAC_2901 2901 MA
 
10/15/2033
 
4.500
%
 
139

 
138

 
142

 
FREDDIE MAC_2934 2934 CI
 
1/15/2034
 
5.000
%
 
7,317

 
7,523

 
7,591

 
FANNIE MAE_07-46 07-46 FB
 
5/25/2037
 
0.536
%
 
7,123

 
7,141

 
7,115

 
FREDDIE MAC_3370 3370 TF
 
10/15/2037
 
0.497
%
 
7,980

 
7,996

 
7,982

 
FSPC_T-76 T-76 2A
 
10/25/2037
 
3.281
%
 
14,739

 
15,043

 
14,443

 
FANNIE MAE_09-107 09-107 FL
 
2/25/2038
 
0.816
%
 
16,331

 
16,417

 
16,390

 
FANNIE MAE_10-17 10-17 CA
 
11/25/2023
 
4.000
%
 
2,792

 
2,842

 
2,844

 
FANNIE MAE_10-28 10-28 MB
 
10/25/2027
 
7.000
%
 
10,857

 
11,210

 
11,328

 
FANNIE MAE_10-24 10-24 GA
 
9/25/2038
 
5.000
%
 
5,064

 
5,175

 
5,211

 
FANNIE MAE_10-39 10-39 JT
 
5/25/2038
 
5.000
%
 
23,889

 
24,623

 
24,721

 
FANNIE MAE ARM 694852
 
4/1/2033
 
2.300
%
 
572

 
582

 
609

 
FANNIE MAE 703446
 
5/1/2018
 
4.500
%
 
4,759

 
4,839

 
5,066

 
FANNIE MAE 704592
 
5/1/2018
 
5.000
%
 
1,398

 
1,418

 
1,489

 
FANNIE MAE 708635
 
6/1/2018
 
5.000
%
 
979

 
994

 
1,043

 
FANNIE MAE ARM 722779
 
9/1/2033
 
1.791
%
 
1,815

 
1,818

 
1,944

 
FANNIE MAE 725558
 
6/1/2034
 
2.457
%
 
688

 
683

 
728

 
FANNIE MAE ARM 725719
 
7/1/2033
 
1.795
%
 
1,349

 
1,344

 
1,391

 
FANNIE MAE ARM 725694
 
7/1/2034
 
4.720
%
 
534

 
523

 
568

 
FANNIE MAE ARM 733525
 
8/1/2033
 
2.107
%
 
1,230

 
1,181

 
1,279

 
FANNIE MAE 735034
 
10/1/2034
 
2.242
%
 
11,213

 
11,853

 
11,864

 
FANNIE MAE 735702
 
7/1/2035
 
2.407
%
 
8,514

 
8,777

 
9,014

 
FANNIE MAE ARM 739194
 
9/1/2033
 
2.201
%
 
671

 
673

 
708

 
FANNIE MAE ARM 743256
 
10/1/2033
 
2.234
%
 
568

 
560

 
594

 
FANNIE MAE ARM 743856
 
11/1/2033
 
2.216
%
 
325

 
326

 
342

 
FANNIE MAE ARM 758873
 
12/1/2033
 
2.178
%
 
950

 
939

 
991

 
FANNIE MAE 794787
 
10/1/2034
 
5.104
%
 
898

 
909

 
955

 
FANNIE MAE 799733
 
11/1/2034
 
2.231
%
 
1,134

 
1,148

 
1,197

 
FANNIE MAE 801917
 
10/1/2034
 
4.987
%
 
981

 
985

 
1,042

 
FANNIE MAE 801337
 
9/1/2034
 
1.959
%
 
6,898

 
7,291

 
7,310

 
FANNIE MAE 804561
 
9/1/2034
 
2.267
%
 
1,609

 
1,613

 
1,710

 

F-60

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
FANNIE MAE 807219
 
1/1/2035
 
2.583
%
 
4,413

 
4,453

 
4,689

 
FANNIE MAE 809532
 
2/1/2035
 
4.993
%
 
1,161

 
1,167

 
1,234

 
FANNIE MAE ARM 834552
 
8/1/2035
 
2.580
%
 
1,445

 
1,453

 
1,505

 
FANNIE MAE 889335
 
6/1/2018
 
4.500
%
 
4,240

 
4,319

 
4,514

 
FANNIE MAE 889485
 
6/1/2036
 
2.435
%
 
8,630

 
8,780

 
9,112

 
FANNIE MAE 922674
 
4/1/2036
 
2.670
%
 
4,543

 
4,658

 
4,827

 
FANNIE MAE 968438
 
1/1/2038
 
2.302
%
 
9,432

 
9,915

 
10,138

 
FANNIE MAE 995548
 
9/1/2035
 
2.426
%
 
5,950

 
6,089

 
6,297

 
FANNIE MAE 995123
 
8/1/2037
 
2.688
%
 
4,408

 
4,568

 
4,717

 
FANNIE MAE 995604
 
11/1/2035
 
2.450
%
 
16,666

 
17,622

 
17,619

 
FANNIE MAE 995614
 
8/1/2037
 
1.452
%
 
3,859

 
4,070

 
4,115

 
FANNIE MAE AB1980
 
12/1/2020
 
3.000
%
 
11,048

 
11,266

 
11,458

 
FANNIE MAE AB5230
 
5/1/2027
 
2.500
%
 
19,428

 
19,884

 
19,295

 
FANNIE MAE MA0099
 
6/1/2019
 
4.000
%
 
4,448

 
4,496

 
4,720

 
FANNIE MAE MA0598
 
12/1/2020
 
3.500
%
 
9,816

 
10,146

 
10,318

 
FANNIE MAE MA1144
 
8/1/2027
 
2.500
%
 
18,489

 
19,197

 
18,317

 
FANNIE MAE AD0901
 
4/1/2040
 
3.714
%
 
16,075

 
17,120

 
17,063

 
FANNIE MAE AE0559
 
12/1/2034
 
2.225
%
 
9,553

 
10,094

 
10,100

 
FANNIE MAE AE0566
 
8/1/2035
 
2.501
%
 
9,116

 
9,622

 
9,634

 
GINNIE MAE II ARM 8157
 
3/20/2023
 
1.625
%
 
117

 
119

 
122

 
GINNIE MAE II ARM 8206
 
3/20/2017
 
2.000
%
 
30

 
30

 
31

 
GINNIE MAE II ARM 8240
 
7/20/2017
 
1.625
%
 
22

 
22

 
23

 
GINNIE MAE II ARM 8251
 
8/20/2017
 
2.000
%
 
2

 
2

 
2

 
GINNIE MAE II ARM 8274
 
10/20/2017
 
2.500
%
 
78

 
78

 
81

 
GINNIE MAE II ARM 8283
 
11/20/2017
 
2.500
%
 
6

 
6

 
6

 
GINNIE MAE II ARM 8293
 
12/20/2017
 
2.500
%
 
16

 
16

 
16

 
GINNIE MAE II ARM 8353
 
5/20/2018
 
2.500
%
 
31

 
31

 
33

 
GINNIE MAE II ARM 8341
 
4/20/2018
 
2.500
%
 
3

 
3

 
3

 
GINNIE MAE II ARM 8365
 
6/20/2018
 
2.500
%
 
52

 
51

 
54

 
GINNIE MAE II ARM 8377
 
7/20/2018
 
2.500
%
 
19

 
19

 
20

 
GINNIE MAE II ARM 8428
 
11/20/2018
 
3.500
%
 
6

 
6

 
6

 
GINNIE MAE II ARM 8440
 
12/20/2018
 
3.500
%
 
24

 
24

 
26

 
GINNIE MAE II ARM 8638
 
6/20/2025
 
1.625
%
 
151

 
151

 
156

 
GINNIE MAE II 082581
 
7/20/2040
 
4.000
%
 
22,793

 
24,491

 
24,184

 
GINNIE MAE II 082602
 
8/20/2040
 
4.000
%
 
43,561

 
46,861

 
46,202

 
GINNIE MAE II 082464
 
1/20/2040
 
4.000
%
 
6,940

 
7,473

 
7,298

 
GINNIE MAE II 082497
 
3/20/2040
 
3.500
%
 
12,218

 
13,003

 
12,934

 

F-61

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
GINNIE MAE II 082794
 
4/20/2041
 
3.500
%
 
28,728

 
30,710

 
30,171

 
GINNIE MAE_10-59 10-59 VK
 
3/20/2036
 
4.000
%
 
20,000

 
20,592

 
20,497

 
GINNIE MAE_11-72 11-72 M
 
6/20/2038
 
4.000
%
 
13,043

 
13,772

 
13,699

 
TOTAL AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES
 
 
 
908,065

 
908,199

 
NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES:
 
 
 
 
 
 
 
ARMT_04-2 04-2 6A1
 
2/25/2035
 
2.489
%
 
1,388

 
1,408

 
1,362

 
AMERICAN GENERAL MORTGAGE LOAN 10-1A A1
 
3/25/2058
 
5.150
%
 
3,735

 
3,756

 
3,764

 
ASSET BACKED SECURITIES CORP H 05-HE2 M1
 
2/25/2035
 
0.840
%
 
3,317

 
3,053

 
3,269

 
BCAP_13-RR1 13-RR1 1A1
 
11/26/2035
 
2.434
%
 
12,770

 
12,968

 
12,871

 
BCAP LLC TRUST BCAP_06-RR1 06-RR1 PD
 
11/25/2036
 
5.000
%
 
1,234

 
1,240

 
1,233

 
BCAP_09-RR1 09-RR1 21A1
 
11/26/2034
 
2.613
%
 
3,142

 
3,024

 
3,182

 
BCAP_09-RR1 09-RR1 22A1
 
5/26/2035
 
2.627
%
 
11,954

 
11,483

 
12,162

 
BCAP_09-RR1 09-RR1 23A1
 
5/26/2035
 
2.634
%
 
7,533

 
7,224

 
7,694

 
BCAP LLC TRUST BCAP_09-RR8 09-RR8 3A1
 
3/26/2037
 
5.500
%
 
2,502

 
2,483

 
2,578

 
BCAP LLC TRUST BCAP_09-RR13 09-RR13 15A1
 
7/26/2037
 
6.000
%
 
4,684

 
4,735

 
4,753

 
BCAP_10-RR6 10RR6 3A5
 
10/26/2035
 
5.500
%
 
2,529

 
2,557

 
2,558

 
BCAP LLC TRUST BCAP_10-RR7 10-RR7 1A1
 
4/26/2035
 
4.990
%
 
1,666

 
1,670

 
1,682

 
BCAP LLC TRUST BCAP_11-RR11 11-RR11 6A3
 
10/26/2035
 
2.624
%
 
9,294

 
9,235

 
9,450

 
BCAP_11-RR10 11-RR10 3A5
 
6/26/2035
 
2.625
%
 
15,029

 
15,026

 
15,421

 
BCAP LLC TRUST BCAP_12-RR3 12-RR3 3A5
 
7/26/2037
 
2.344
%
 
6,691

 
6,703

 
6,672

 
BCAP LLC TRUST BCAP_12-RR3 12-RR3 8A1
 
7/26/2035
 
2.651
%
 
10,244

 
10,427

 
10,323

 
BCAP LLC TRUST BCAP_12-RR3 12-RR3 9A5
 
1/26/2036
 
2.627
%
 
5,921

 
6,049

 
5,954

 
BCAP LLC TRUST BCAP_12-RR5 12-RR5 7A5
 
10/26/2036
 
2.622
%
 
9,277

 
9,319

 
9,439

 
BCAP LLC TRUST BCAP_12-RR6 12-RR6 2A6
 
5/26/2036
 
2.517
%
 
8,801

 
8,770

 
8,823

 
BCAP_12-RR10 12-RR10 4A1
 
3/26/2036
 
2.660
%
 
36,385

 
37,091

 
37,260

 
BCAP_12-RR10 12-RR10 8A1
 
3/26/2036
 
3.000
%
 
5,132

 
5,171

 
5,117

 
BCAP_12-RR10 12-RR10 9A1
 
10/26/2035
 
2.660
%
 
8,804

 
8,902

 
8,760

 
BCAP LLC TRUST BCAP_12-RR11 12-RR11 6A1
 
7/26/2036
 
2.607
%
 
22,652

 
23,280

 
23,114

 
BCAP LLC TRUST BCAP_12-RR11 12-RR11 9A1
 
7/26/2037
 
3.000
%
 
18,207

 
18,457

 
18,193

 
BCAP LLC TRUST BCAP_12-RR12 12-RR12 2A1
 
6/26/2035
 
3.000
%
 
14,536

 
14,787

 
14,607

 
BCAP LLC TRUST BCAP_12-RR12 12-RR12 3A1
 
6/26/2037
 
3.000
%
 
12,758

 
12,944

 
12,787

 
BCAP_13-RR7 13-RR7 2A1
 
6/26/2037
 
4.401
%
 
12,287

 
12,416

 
12,391

 
BCAP LLC TRUST BCAP_13-RR8 13-RR8 1A1
 
5/26/2036
 
2.716
%
 
10,452

 
10,543

 
10,554

 
BCAP_13-RR9 13-RR9 1A1
 
1/26/2036
 
2.627
%
 
18,546

 
18,697

 
18,676

 
BANK OF AMERICA FUNDING CORPOR 05-G A3
 
10/20/2035
 
5.179
%
 
4,288

 
4,028

 
4,217

 
BAFC_05-F 05-F 4A1
 
9/20/2035
 
3.178
%
 
3,386

 
2,992

 
2,937

c
BANC OF AMERICA ALTERNATIVE LO 03-1 A1
 
2/25/2033
 
5.000
%
 
755

 
756

 
776

 
BOAMS_04-B 2004-B B1
 
3/25/2034
 
2.864
%
 
5,085

 
5,071

 
3,662

 
BANC OF AMERICA MORTGAGE SECUR 04-5 3A3
 
6/25/2019
 
5.000
%
 
753

 
763

 
769

 
BOAMS_03-I 2003-I 2A6
 
10/25/2033
 
2.799
%
 
3,387

 
3,376

 
3,420

 
BOAMS_04-E 2004-E 2A6
 
6/25/2034
 
2.834
%
 
6,760

 
6,729

 
6,624

 

F-62

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
BOAMS_04-E 2004-E B1
 
6/25/2034
 
2.801
%
 
3,791

 
3,122

 
2,830

c
BOAMS_04-G 2004-G B1
 
8/25/2034
 
2.725
%
 
4,422

 
181

 
158

c
BOAMS_04-H 2004-H B1
 
9/25/2034
 
2.887
%
 
3,001

 
1,402

 
776

c
BOAMS_06-B 06-B 2A1
 
11/20/2046
 
2.827
%
 
2,208

 
1,942

 
1,772

c
BAFC_12-R5 12-R5 A
 
10/3/2039
 
0.429
%
 
8,229

 
8,069

 
8,089

 
BALTA_05-2 05-2 2A5
 
4/25/2035
 
2.701
%
 
2,941

 
2,934

 
2,593

 
BALTA_05-2 05-2 2B1
 
4/25/2035
 
3.456
%
 
4,012

 
77

 
182

c
BEAR STEARNS FUNDING TRUST BSM 06-AR5 1A2
 
12/25/2046
 
0.375
%
 
3,223

 
1,339

 
764

c
BVMBS_05-1 05-1 4A
 
2/22/2035
 
2.997
%
 
4,809

 
4,796

 
4,655

 
CREDIT BASED ASSET SERVICING A 05-RP2 AF3
 
9/25/2035
 
6.090
%
 
86

 
79

 
86

 
CSMC_09-9R 09-9R 1A1
 
4/26/2037
 
5.500
%
 
1,773

 
1,756

 
1,809

 
CREDIT SUISSE MORTGAGE CAPITAL 10-1R 24A1
 
5/27/2036
 
2.734
%
 
404

 
410

 
403

 
CSMC_10-12R 10-12R 8A1
 
11/26/2035
 
4.000
%
 
2,043

 
2,053

 
2,070

 
CREDIT SUISSE MORTGAGE CAPITAL 10-10R 1A1
 
7/26/2037
 
5.750
%
 
373

 
373

 
374

 
CSMC_10-17R 10-17R 1A1
 
6/26/2036
 
2.398
%
 
7,904

 
7,904

 
8,078

 
CREDIT SUISSE MORTGAGE CAPITAL 11-1R A1
 
2/27/2047
 
1.167
%
 
4,861

 
4,861

 
4,845

 
CREDIT SUISSE MORTGAGE CAPITAL 11-7R A1
 
8/28/2047
 
1.417
%
 
8,122

 
8,122

 
8,106

 
CSMC_13-2R 13-2R 1A1
 
5/27/2036
 
2.000
%
 
12,437

 
12,554

 
12,265

 
CSMC_13-2R 13-2R 6A1
 
9/27/2036
 
2.717
%
 
10,433

 
10,720

 
10,637

 
CSMC_12-11R 12-11 3A1
 
6/29/2047
 
1.168
%
 
13,819

 
13,804

 
13,538

 
CSMC_13-8R 13-8R 6A1
 
5/27/2037
 
0.410
%
 
17,079

 
16,653

 
16,181

 
CSMC_13-11R. 13-11R 1A1
 
6/27/2034
 
2.661
%
 
16,189

 
16,206

 
16,289

 
CSMC_13-11R. 13-11R 2A1
 
5/27/2034
 
2.661
%
 
30,067

 
30,155

 
29,189

 
CSMC_13-12R 13-12R 1A1
 
8/27/2033
 
2.750
%
 
46,644

 
45,940

 
46,046

 
CWHEL_04-K 04-K 2A
 
2/15/2034
 
0.467
%
 
411

 
341

 
355

c
CWL_05-4 05-4 MV1
 
10/25/2035
 
0.625
%
 
2,574

 
2,556

 
2,600

 
CWALT_04-33 04-33 2A1
 
12/25/2034
 
2.644
%
 
832

 
842

 
798

 
CWALT_05-27 05-27 1A4
 
8/25/2035
 
1.689
%
 
3,910

 
3,282

 
2,942

c
CWALT_05-24 05-24 2A1
 
7/20/2035
 
1.444
%
 
3,165

 
2,632

 
2,516

c
CWALT_06-OA19 06-OA19 A2
 
2/20/2047
 
0.417
%
 
3,551

 
298

 
263

c
CWHL_05-HYB7 05-HYB7 5A1
 
11/20/2035
 
5.064
%
 
7,911

 
6,820

 
6,764

c
CWHL_03-10 03-10 A15
 
5/25/2033
 
5.500
%
 
12,260

 
12,771

 
12,647

 
CWHL_03-46 03-46 4A1
 
1/19/2034
 
2.571
%
 
11,714

 
12,013

 
11,772

 
CWHL_04-12 2004-12 1M
 
8/25/2034
 
2.736
%
 
766

 
29

 
24

c
CENTEX HOME EQUITY CXHE_03-A 2003-A AF4
 
12/25/2031
 
4.250
%
 
1,585

 
1,576

 
1,611

 
CHASE MORTGAGE FINANCE CORPORA 07-A1 1A5
 
2/25/2037
 
2.740
%
 
12,423

 
12,310

 
12,324

 
CFLX_07-M1 07-M1 1A1
 
8/25/2037
 
0.316
%
 
10,952

 
10,782

 
7,576

c
CMLTI_05-3 05-3
 
8/25/2035
 
2.613
%
 
2,724

 
2,586

 
2,552

c
CMLTI_09-6 09-6 18A1
 
4/25/2037
 
0.235
%
 
1,667

 
1,643

 
1,586

 
CITIGROUP MRT LOAN TT CMLTI_10 10-7 2A1
 
2/25/2035
 
2.466
%
 
2,083

 
2,083

 
2,120

 

F-63

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
CITIGROUP MRT LOAN TT CMLTI_10 10-7 4A2
 
9/25/2037
 
1.165
%
 
5,354

 
5,316

 
5,264

 
CITIGROUP MORTGAGE LOAN TRUST 10-8 5A6
 
11/25/2036
 
4.000
%
 
14,092

 
14,199

 
14,288

 
CITIGROUP MORTGAGE LOAN TRUST 10-9 2A1
 
11/25/2035
 
2.500
%
 
1,903

 
1,930

 
1,922

 
CITIGROUP MORTGAGE LOAN TRUST 10-10 1A1
 
11/25/2035
 
2.836
%
 
1,666

 
1,663

 
1,670

 
CITIGROUP MORTGAGE LOAN TRUST 11-2 3A1
 
9/25/2037
 
3.500
%
 
1,410

 
1,397

 
1,417

 
CITIGROUP MORTGAGE LOAN TRUST 12-6 1A1
 
4/25/2037
 
2.769
%
 
10,207

 
10,207

 
10,470

 
CITIGROUP MORTGAGE LOAN TRUST 12-6 2A1
 
8/25/2036
 
2.528
%
 
6,976

 
7,000

 
7,064

 
CITIGROUP MORTGAGE LOAN TRUST 12-4 2A1
 
11/25/2035
 
2.660
%
 
7,109

 
7,118

 
7,179

 
CITIGROUP MORTGAGE LOAN TRUST 12-7 10A1
 
9/25/2036
 
2.739
%
 
16,158

 
16,227

 
16,313

 
CITIGROUP MORTGAGE LOAN TRUST 12-7 11A1
 
9/25/2035
 
3.500
%
 
9,197

 
9,291

 
9,375

 
CMLTI_13-7 13-7 2A1
 
8/25/2036
 
2.528
%
 
13,015

 
13,081

 
13,177

 
CMLTI_13-9 13-9 2A1
 
9/25/2034
 
2.398
%
 
24,528

 
24,706

 
24,413

 
CITIGROUP MORTGAGE LOAN TRUST
 
8/25/2027
 
2.000
%
 
7,763

 
7,811

 
7,812

 
CMLTI_13-12
 
3/25/2035
 
2.235
%
 
20,000

 
20,251

 
20,250

 
CSFB_04-AR3
 
4/25/2034
 
2.588
%
 
6,614

 
6,712

 
6,680

 
CSMC_09-2R 09-2R 1A12
 
9/26/2034
 
2.617
%
 
28,874

 
29,274

 
28,549

 
CSMC_09-2R 09-2R 1A13
 
9/26/2034
 
2.617
%
 
28,874

 
28,957

 
27,009

 
CREDIT SUISSE MORTGAGE CAPITAL 11-17R 2A1
 
12/27/2037
 
3.400
%
 
12,046

 
12,092

 
12,033

 
DEUTSCHE ALT-A SECURITIES INC 06-AR6 A4
 
2/25/2037
 
0.335
%
 
11,523

 
6,964

 
8,893

c
DEUTSCHE ALT-A SECURITIES INC 07-AR1 A4
 
1/25/2047
 
0.326
%
 
10,606

 
9,275

 
7,412

c
DEUTSCHE ALT-A SECURITIES INC 07-OA1 A1
 
2/25/2047
 
0.315
%
 
4,346

 
3,854

 
3,042

c
EQUITY ONE ABS INC EQABS_04-3 04-3 AF4
 
7/25/2034
 
5.100
%
 
4,471

 
4,488

 
4,494

 
FMIC_04-3 04-3 M4
 
8/25/2034
 
2.011
%
 
2,686

 
2,554

 
2,677

 
FIRST HORIZON ALTERNATIVE MORT 04-AA4 A1
 
10/25/2034
 
2.230
%
 
1,952

 
1,981

 
1,856

 
FHAMS_04-AA7 04-AA7 1A1
 
2/25/2035
 
2.241
%
 
1,190

 
1,202

 
1,150

 
FIRST HORIZON ALTERNATIVE MORT 05-AA2 IA1
 
3/25/2035
 
2.250
%
 
2,232

 
2,267

 
1,972

 
FIRSTFIRST HORIZON ALTERNATIVE 05-AA3 3A1
 
5/25/2035
 
2.250
%
 
5,230

 
5,273

 
4,761

 
FREMONT HOME LOAN TRUST FHLT_0 05-1 M2
 
6/25/2035
 
0.645
%
 
56

 
56

 
56

 
GMACM_04-AR2 2004-AR2 3A
 
8/19/2034
 
3.122
%
 
1,530

 
1,535

 
1,489

 
GMACM_04-AR2 2004-AR2 5A1
 
8/19/2034
 
4.915
%
 
1,897

 
1,899

 
1,893

 
GSR MORTGAGE LOAN TRUST GSR_05 05-AR5 2A1
 
10/25/2035
 
2.717
%
 
6,402

 
6,103

 
5,740

c
GSR MORTGAGE LOAN TRUST GSR_05 05-AR7 2A1
 
11/25/2035
 
2.660
%
 
3,588

 
3,385

 
3,445

 
GSR MORTGAGE LOAN TRUST GSR_05 05-AR3 6A1
 
5/25/2035
 
2.870
%
 
3,885

 
3,901

 
3,514

 
GSR MORTGAGE LOAN TRUST GSR_05 05-AR1 2A1
 
1/25/2035
 
2.624
%
 
4,944

 
4,967

 
4,893

 
GSMSC_09-1R 09-1R 2A1
 
11/25/2035
 
2.628
%
 
2,682

 
2,511

 
2,731

 
GSMSC_09-1R 09-1R 3A1
 
11/25/2035
 
2.645
%
 
2,259

 
2,098

 
2,300

 
GPMF_05-AR5 05-AR5 4A1
 
11/25/2045
 
2.139
%
 
6,284

 
5,759

 
4,489

c
HVMLT_04-1 2004-1 4A
 
4/19/2034
 
2.391
%
 
459

 
462

 
452

 
HVMLT_04-4 2004-4 3A
 
6/19/2034
 
1.290
%
 
104

 
103

 
100

 
HVMLT_2004-6 2004-6 5A
 
8/19/2034
 
3.050
%
 
824

 
818

 
813

 

F-64

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
HVMLT_04-7 04-7 3A1
 
11/19/2034
 
2.058
%
 
2,184

 
2,167

 
2,094

 
HVMLT_2004-10 04-10 4A
 
1/19/2035
 
2.566
%
 
1,268

 
1,281

 
1,258

 
HARBORVIEW MORTGAGE LOAN TRUST 05-8 2A2A
 
9/19/2035
 
1.639
%
 
2,769

 
2,411

 
1,996

c
HARBORVIEW MORTGAGE LOAN TRUST 05-15 3A1A1
 
10/20/2045
 
2.139
%
 
7,406

 
6,782

 
6,238

c
HARBORVIEW MORTGAGE LOAN TRUST 06-14 2A1B
 
1/25/2047
 
0.366
%
 
5,233

 
1,856

 
1,164

c
INDX_05-AR1 05-AR1 2A1
 
3/25/2035
 
2.568
%
 
56

 
56

 
53

 
INDX_05-AR5 05-AR5 2A1
 
5/25/2035
 
2.440
%
 
4,426

 
4,138

 
3,835

c
JP MORGAN REREMIC JPMRR_09-12 09-12 1A1
 
7/26/2037
 
5.750
%
 
1,198

 
1,227

 
1,227

 
JP MORGAN REREMIC JPMRR_10-1 10-1 1A1
 
2/26/2037
 
6.000
%
 
1,505

 
1,515

 
1,535

 
JP MORGAN REREMIC JPMRR_10-5 10-5 3A1
 
8/26/2036
 
2.528
%
 
2,038

 
2,043

 
2,054

 
JP MORGAN REREMIC JPMRR_11-2 11-2 5A3
 
3/26/2036
 
3.000
%
 
6,130

 
6,057

 
6,203

 
JEFFERIES & CO JMAC_09-R12 09-R12 1A1
 
2/26/2035
 
2.727
%
 
8,548

 
8,356

 
8,713

 
JEFFERIES & CO JMAC_09-R12 09-R12 2A1
 
1/26/2035
 
2.644
%
 
3,889

 
3,798

 
4,009

 
JEFFERIES & CO JMAC_09-R2
 
12/26/2037
 
2.663
%
 
12,372

 
12,539

 
12,341

 
JEFFRIES & CO JMAC_09-R3 09-R3 1A1
 
12/26/2035
 
2.482
%
 
4,644

 
4,355

 
4,663

 
LUMINENT MORTGAGE TRUST LUM_06 06-6 2A2
 
10/25/2046
 
0.405
%
 
1,974

 
759

 
719

c
LUMINENT MORTGAGE TRUST LUM_07 07-1 2A2
 
1/25/2037
 
0.356
%
 
655

 
702

 
69

c
MARM_05-1 05-1 3A1
 
2/25/2035
 
2.662
%
 
2,493

 
2,525

 
2,108

 
MLMI_03-A5 03-A5 2A6A
 
8/25/2033
 
2.355
%
 
2,544

 
2,539

 
2,562

 
MLCC_04-1 04-1 2A2
 
12/25/2034
 
2.143
%
 
932

 
934

 
948

 
MLMI_05-A1 05-A1 2A
 
12/25/2034
 
2.537
%
 
1,808

 
1,812

 
1,816

 
MLMI_05-A2 05-A2 A2
 
2/25/2035
 
2.532
%
 
3,653

 
3,654

 
3,624

 
MSM_04-6AR 2004-6AR CB1
 
8/25/2034
 
2.775
%
 
4,643

 
2,679

 
1,546

c
MORGAN STANLEY MORTGAGE LOAN T 04-10AR A1
 
11/25/2034
 
2.862
%
 
619

 
626

 
592

 
MORGAN STANLEY MORTGAGE LOAN T PT2A
 
11/25/2034
 
2.462
%
 
2,123

 
2,159

 
2,103

 
MORGAN STANLEY REREMIC TRUST M 10-R5 6A
 
7/26/2036
 
0.325
%
 
2,051

 
2,043

 
2,029

 
MORGAN STANLEY REREMIC TRUST M 10-R6 3A
 
9/26/2036
 
0.535
%
 
4,889

 
4,809

 
4,680

 
MSRR_13-R1 13-R1 5A
 
11/26/2036
 
2.070
%
 
9,704

 
9,854

 
9,769

 
MSRR_13-R3 13-R3 1A
 
2/26/2036
 
2.695
%
 
28,879

 
29,246

 
29,250

 
MSRR_13-R3 13-R3 4A
 
12/26/2036
 
2.086
%
 
12,727

 
12,838

 
12,693

 
MSRR_13-R3 13-R3 5A
 
11/26/2036
 
2.065
%
 
7,242

 
7,208

 
7,133

 
MSRR_13-R3 13-R3 11A
 
2/26/2036
 
2.508
%
 
25,129

 
25,359

 
25,307

 
MSRR_13-R8 13-R8 1A
 
9/26/2036
 
2.507
%
 
43,102

 
44,293

 
43,822

 
MSRR_13-R8
 
9/26/2036
 
2.685
%
 
17,014

 
17,276

 
17,253

 
MSRR_13-R8
 
9/26/2036
 
2.412
%
 
9,272

 
9,345

 
9,299

 
MSRR_13-R8
 
9/26/2036
 
2.523
%
 
18,615

 
19,024

 
18,867

 
MSRR_13-R8
 
9/26/2036
 
2.523
%
 
18,055

 
18,456

 
18,293

 
MSRR_13-R9
 
6/26/2046
 
2.613
%
 
17,531

 
17,881

 
17,737

 
NSMLT_13-A
 
12/25/2052
 
3.750
%
 
7,375

 
7,571

 
7,573

 
OPTEUM MORTGAGE ACCEPTANCE COR 05-1 A1A
 
2/25/2035
 
0.465
%
 
544

 
532

 
535

 

F-65

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
RBSSP_09-8
 
4/26/2036
 
2.640
%
 
16,214

 
16,536

 
16,555

 
RBSSP_10-12
 
12/27/2035
 
4.000
%
 
9,517

 
9,795

 
9,687

 
RBSSP-12-2 12-2 1A5
 
5/26/2047
 
0.297
%
 
2,104

 
2,093

 
2,084

 
RBSSP_12-5 12-5 3A1
 
2/26/2047
 
0.325
%
 
9,399

 
9,273

 
9,227

 
RBSSP_12-6 12-6 8A1
 
4/26/2035
 
0.665
%
 
11,682

 
11,072

 
10,876

 
RESIDENTIAL ACCREDIT LOANS INC 07-QO1 A2
 
2/25/2047
 
0.355
%
 
3,724

 
1,566

 
539

c
RESIDENTIAL ASSET SECURITIES C 05-KS12 A2
 
1/25/2036
 
0.415
%
 
1,110

 
1,087

 
1,102

 
RENAISSANCE HOME EQUITY LOAN T 05-3 AF3
 
11/25/2035
 
4.814
%
 
2,846

 
2,839

 
2,835

 
RALI_03-QS2 2003-QS2 A7
 
2/25/2033
 
4.500
%
 
898

 
893

 
898

 
RALI_04-QR1 04-QR1 A1
 
10/25/2034
 
5.250
%
 
484

 
483

 
488

 
RESIDENTIAL ACCREDIT LOANS INC 05-QA2 A1II
 
2/25/2035
 
3.137
%
 
4,518

 
3,961

 
3,529

c
RALI_04-QS5 04-QS5 A5
 
4/25/2034
 
4.750
%
 
757

 
755

 
761

 
RASC_04-KS9 2004-KS9 AI6
 
10/25/2034
 
4.620
%
 
4,032

 
3,580

 
3,718

c
RESIDENTIAL ASSET SECURITIES CORP 03-K10 AI6
 
12/25/2033
 
4.540
%
 
1,472

 
1,486

 
1,513

 
RFMSI_05-SA2 05-SA2 IIIA3
 
6/25/2035
 
2.978
%
 
5,167

 
5,178

 
4,908

 
RESIDENTIAL ASSET MORTGAGE PRO 06-EFC1 A2
 
2/25/2036
 
0.365
%
 
378

 
373

 
376

 
RABS_04-1A 2004-1A A1
 
12/15/2030
 
4.000
%
 
784

 
782

 
782

 
SASC_03-24A 03-24A 5A
 
7/25/2033
 
2.388
%
 
483

 
490

 
477

 
STRUCTURED ADJUSTABLE RATE MORT 2004-3AC B1
 
3/25/2034
 
2.374
%
 
5,085

 
3,984

 
2,987

c
WAMU_03-AR6 03-AR6 A1
 
6/25/2033
 
2.440
%
 
2,777

 
2,770

 
2,807

 
WAMU_05-AR4 05-AR4 A5
 
4/25/2035
 
2.425
%
 
10,000

 
9,972

 
9,535

 
WAMU_05-AR10 05-AR10 1A3
 
9/25/2035
 
2.425
%
 
10,000

 
9,996

 
9,302

 
WAMU_04-AR10 04-AR10 A1A
 
7/25/2044
 
0.606
%
 
1,328

 
1,332

 
1,248

 
WAMU_05-AR3 05-AR3 A2
 
3/25/2035
 
2.489
%
 
3,908

 
3,923

 
3,878

 
WFMBS_04-0 2004-0 A1
 
8/25/2034
 
4.928
%
 
812

 
806

 
816

 
WFMBS_04-Q 04-Q 1A2
 
9/25/2034
 
2.615
%
 
6,833

 
6,933

 
6,946

 
WFMBS_03-M 03-M A1
 
12/25/2033
 
2.618
%
 
2,144

 
2,213

 
2,166

 
WFMBS_04-P LT2004P B1
 
9/25/2034
 
2.614
%
 
5,643

 
5,076

 
4,250

c
WFMBS_04-W 04-W A8
 
11/25/2034
 
2.615
%
 
11,904

 
11,932

 
12,075

 
WFMBS_04-I 04-I 1A1
 
7/25/2034
 
2.646
%
 
3,959

 
3,966

 
4,013

 
WFMBS_04-CC 2907 AG
 
1/25/2035
 
2.615
%
 
1,630

 
1,635

 
1,632

 
WFMBS_05-AR2 05-AR2 2A2
 
3/25/2035
 
2.672
%
 
1,120

 
1,124

 
1,129

 
WFMBS_05-AR2 05-AR2 3A1
 
3/25/2035
 
2.656
%
 
3,065

 
3,044

 
3,121

 
WFMBS_04-K 04-K 2A6
 
7/25/2034
 
4.735
%
 
4,948

 
5,121

 
4,957

 
WFMBS_04-DD 04-DD 2A6
 
1/25/2035
 
2.615
%
 
4,852

 
4,851

 
4,845

 
WFMBS_05-AR12 05-AR12 2A5
 
6/25/2035
 
2.634
%
 
5,749

 
5,457

 
5,790

 
TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES
 
1,322,918

 
1,299,858

 
TOTAL RESIDENTIAL MORTGAGE BACKED SECURITIES
 
2,230,983

 
2,208,057

 

F-66

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSET BACKED SECURITIES
 
 
 
 

 
 

 
 

 
 

 
ARL FIRST LLC ARLFR_12-1A
 
12/15/2042
 
1.917
%
 
15,458

 
15,640

 
15,641

 
ACCESS GROUP INC ACSS_06-1 06-1 A2
 
8/25/2023
 
0.348
%
 
4,478

 
4,419

 
4,412

 
AMOT_12-1 12-1 A1
 
2/15/2017
 
0.967
%
 
15,000

 
15,070

 
15,066

 
AMOT_12-3 12-3 A1
 
6/15/2017
 
0.867
%
 
10,000

 
10,044

 
10,043

 
ARES_13-1A
 
4/15/2025
 
1.344
%
 
40,000

 
39,884

 
39,398

 
ATRM_13-10A
 
7/16/2025
 
1.396
%
 
25,000

 
24,965

 
24,640

 
CLIF_06-1A 06-1 A
 
8/18/2021
 
0.345
%
 
3,630

 
3,073

 
3,580

 
CARLYLE GLOBAL MARKET STRATEGI
 
2/14/2025
 
1.565
%
 
20,000

 
20,000

 
19,773

 
CENTRE POINT FUNDING LLC CPF_1 12-2 A
 
8/20/2021
 
2.610
%
 
1,457

 
1,456

 
1,467

 
COLLE_02-2 02-2 A24
 
3/1/2042
 
1.668
%
 
10,000

 
8,295

 
9,060

 
CRONOS CONTAINERS PROGRAM LTD 12-2A A
 
9/18/2027
 
3.810
%
 
8,750

 
9,028

 
8,832

 
DIAMOND RESORTS OWNER TRUST DR
 
5/20/2026
 
2.270
%
 
7,274

 
7,273

 
7,274

 
DRSLF_13-26A
 
7/15/2025
 
1.344
%
 
40,000

 
40,000

 
39,776

 
EART_12-2A 12-2A A
 
6/15/2017
 
1.300
%
 
3,587

 
3,587

 
3,594

 
FNH_13-1A 13-1A A1
 
1/10/2018
 
1.980
%
 
5,215

 
5,215

 
5,174

 
GE DEALER FLOORPLAN MASTER NOT 12-4 A
 
10/20/2017
 
0.607
%
 
12,000

 
12,000

 
12,005

 
GLOBAL TOWER PARTNERS ACQUISIT 11-1 A
 
6/15/2041
 
3.967
%
 
7,000

 
7,000

 
7,277

 
GLOBAL SC FINANCE SRL SEACO_12 12-1A A
 
7/19/2027
 
4.110
%
 
4,292

 
4,367

 
4,321

 
GALC_11-1 11-1 A4
 
4/15/2016
 
2.340
%
 
6,216

 
6,216

 
6,258

 
HILTON GRAND VACATIONS TRUST H 13-A A
 
1/25/2026
 
2.280
%
 
8,882

 
8,882

 
8,879

 
INGIM_13-2A
 
4/25/2025
 
1.388
%
 
30,000

 
30,000

 
29,459

 
321 HENDERSON RECEIVABLES LLC 10-3A A
 
12/15/2048
 
3.820
%
 
2,029

 
2,032

 
2,111

 
NVTAS_13-1
 
11/15/2016
 
1.950
%
 
4,656

 
4,656

 
4,654

 
NMOTR_12-A 12-A A
 
5/15/2017
 
0.637
%
 
24,500

 
24,561

 
24,571

 
NEF_04-2 04-2 A3
 
7/28/2018
 
0.408
%
 
10,000

 
9,849

 
9,789

 
OAKC_13-8A
 
4/20/2025
 
1.362
%
 
20,000

 
20,000

 
19,680

 
RACEP_13-8A
 
2/20/2025
 
1.514
%
 
9,000

 
9,000

 
8,903

 
RENTAL CAR FINANCE CORPORATION 11-1A A1
 
2/25/2016
 
2.510
%
 
2,500

 
2,500

 
2,535

 
SBA CMBS TRUST SBAC_10-1 10-1 A
 
4/15/2040
 
4.254
%
 
5,000

 
5,073

 
5,083

 
SLM STUDENT LOAN TRUST SLMA_06 06-3 A4
 
7/25/2019
 
0.321
%
 
6,895

 
6,771

 
6,876

 
SLMA_06-4 06-4 A5
 
10/27/2025
 
0.338
%
 
14,600

 
14,525

 
14,488

 
SLM PRIVATE CREDIT STUDENT LOA 03-A A2
 
9/15/2020
 
0.683
%
 
4,144

 
3,689

 
4,049

 
SLM PRIVATE CREDIT STUDENT LOA 03-C A2
 
9/15/2020
 
0.633
%
 
1,751

 
1,706

 
1,711

 
SLMA_05-A 05-A A2
 
12/15/2020
 
0.383
%
 
2,915

 
2,659

 
2,902

 
SLMA_05-B 05-B A2
 
3/15/2023
 
0.423
%
 
9,152

 
8,402

 
8,914

 
SLCLT_09-AA 09-AA A
 
6/15/2033
 
4.750
%
 
27,085

 
24,410

 
24,566

 
SLM STUDENT LOAN TRUST SLMA_09 09-CT AI
 
4/15/2039
 
2.289
%
 
6,109

 
6,132

 
6,117

 
SLM STUDENT LOAN TRUST SLMA_11 11-2 A1
 
11/25/2027
 
0.765
%
 
3,564

 
3,559

 
3,579

 
SMAT_11-2USA 11-2USA A4A
 
4/14/2017
 
2.310
%
 
3,000

 
3,000

 
3,045

 

F-67

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
SMART TRUST SMAT_11-4USA 11-4USA A4A
 
8/14/2017
 
2.280
%
 
5,000

 
5,000

 
5,092

 
SLMA_12-B 12-B A2
 
10/15/2030
 
3.480
%
 
5,000

 
5,067

 
5,238

 
SLM STUDENT LOAN TRUST SLMA_12 12-3 A
 
12/26/2025
 
0.816
%
 
15,369

 
15,502

 
15,367

 
SMAT_12-2USA 12-2US 3A3
 
10/14/2016
 
1.590
%
 
9,500

 
9,500

 
9,568

 
SVO VOI MORTGAGE CORP SVOVM_12 12-A A
 
9/20/2029
 
2.000
%
 
3,395

 
3,435

 
3,389

 
SDART_12-1 12-1 A3
 
10/15/2015
 
1.490
%
 
8,080

 
8,080

 
8,091

 
SDART_11-S1A 11-S1A B
 
5/15/2017
 
1.480
%
 
1,799

 
1,799

 
1,800

 
SCHOL_12-B 12-B A1
 
10/28/2025
 
0.567
%
 
5,501

 
5,488

 
5,457

 
SIERRA RECEIVABLES FUNDING COM 12-3A A
 
8/20/2029
 
1.870
%
 
2,099

 
2,120

 
2,105

 
SIERRA RECEIVABLES FUNDING COM 11-1A A
 
4/20/2026
 
3.350
%
 
2,065

 
2,065

 
2,113

 
SIERRA RECEIVABLES FUNDING COM 12-1A A
 
11/20/2028
 
2.840
%
 
2,279

 
2,279

 
2,320

 
SRFC_13-2A 13-2A A
 
11/20/2025
 
2.280
%
 
5,365

 
5,365

 
5,354

 
SBAP_02-20J 2002-20J
 
10/1/2022
 
4.750
%
 
1,114

 
1,127

 
1,181

 
SBAP_04-10A 2004-10A
 
1/1/2014
 
3.870
%
 
135

 
135

 
135

 
SBAP_05-10D 05-10D 1
 
7/1/2015
 
4.510
%
 
394

 
394

 
399

 
TCF_12-1A 12-1A A
 
5/14/2027
 
4.210
%
 
5,893

 
5,955

 
5,940

 
UHAUL_10-BT1A 10-BT1A 1
 
10/25/2023
 
4.899
%
 
7,864

 
7,862

 
8,333

 
US EDUCATION LOAN TRUST LLC US 07-1A 1A3
 
9/1/2022
 
0.638
%
 
4,753

 
4,753

 
4,754

 
WLKRG 2013-AA A
 
3/15/2029
 
3.100
%
 
2,419

 
2,419

 
2,419

 
TOTAL ASSET BACKED SECURITIES
 
 
 
 

 


 
517,283

 
518,557

 
COMMERCIAL MORTGAGE BACKED SECURITIES
 
 

 
 

 
 

 
AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES:
 
 
 
 
 
 
 
FNMA_06-M2 06-M2 A2A
 
10/25/2032
 
5.271
%
 
10,987

 
11,615

 
11,840

 
FNMA 461647
 
1/1/2019
 
6.075
%
 
1,337

 
1,345

 
1,371

 
GNMA_10-16 10-16 A
 
1/16/2040
 
3.214
%
 
1,137

 
1,140

 
1,154

 
GNMA_10-161 10-161 AB
 
5/16/2035
 
2.110
%
 
3,305

 
3,335

 
3,351

 
GNMA_11-165 11-165 A
 
10/16/2037
 
2.194
%
 
21,285

 
21,525

 
21,444

 
GNMA_13-141 13-141 A
 
6/16/2040
 
2.023
%
 
19,875

 
19,888

 
19,874

 
GNMA_13-159 13-159 A
 
8/16/2038
 
1.794
%
 
19,918

 
19,710

 
19,794

 
GNMA 13-146 AH
 
8/16/2040
 
2.000
%
 
9,963

 
9,989

 
9,952

 
GNMA_13-13
 
4/16/2046
 
1.700
%
 
7,172

 
6,819

 
6,764

 
GNMA 13-194 AB
 
5/16/2038
 
2.250
%
 
15,000

 
15,095

 
15,083

 
TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES
 
110,461

 
110,627

 
NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES:
 
 
 
 
 
 
 
BAMLL_12-CLRN 12-CLRN A
 
8/15/2029
 
1.317
%
 
7,500

 
7,500

 
7,505

 
BACM_05-1 05-1 A5
 
11/10/2042
 
5.267
%
 
10,000

 
10,222

 
10,367

 
BSCMS_05-PWR7 05-PWR7 A2
 
2/11/2041
 
4.945
%
 
307

 
306

 
307

 
BSCMS_05-PW10 05-PW10 AAB
 
12/11/2040
 
5.382
%
 
3,844

 
3,867

 
3,865

 
CD_05-CD1 05-C1 ASB
 
7/15/2044
 
5.218
%
 
5,854

 
5,955

 
5,894

 
CGBAM_13-BREH 13-BREH A1
 
5/15/2030
 
1.327
%
 
8,000

 
7,983

 
8,012

 
CFCRE_11-C2 11-C2 A2
 
12/15/2047
 
3.061
%
 
23,000

 
23,407

 
23,799

 

F-68

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
COMM_13-THL 13-THL A1
 
6/8/2030
 
1.168
%
 
10,000

 
9,975

 
10,032

 
GCCFC_07-GG9 07-GG9 A2
 
3/10/2039
 
5.381
%
 
6,898

 
6,958

 
7,054

 
DBUBS_11-LC1A 11-LC1A A1
 
11/10/2046
 
3.742
%
 
14,688

 
14,887

 
15,436

 
DBUBS_11-LC2A 11-LC2 A1
 
7/10/2044
 
3.527
%
 
3,895

 
3,923

 
4,088

 
ESA_13-ESH5 13-ESH A25
 
12/5/2031
 
1.830
%
 
8,875

 
8,875

 
8,643

 
GFCM_03-1 03-1 A4
 
5/12/2035
 
5.254
%
 
1,140

 
1,120

 
1,184

 
GSMS_11-GC5 11-GC5 A2
 
8/10/2044
 
2.999
%
 
12,500

 
12,562

 
13,010

 
GSMS_10-C2 10-C2 A1
 
12/10/2043
 
3.849
%
 
9,224

 
9,286

 
9,722

 
GECMC_05-C3 05-C3 AAB
 
7/10/2045
 
4.940
%
 
31

 
32

 
31

 
JPMCC_05-LDP1 05-LDP1 ASB
 
3/15/2046
 
4.853
%
 
1,361

 
1,361

 
1,375

 
JPMCC-07-CB19 07-CB19 ASB
 
2/12/2049
 
5.689
%
 
2,463

 
2,527

 
2,624

 
JPMCC_07-CB20 07-CB20 A2
 
2/12/2051
 
5.629
%
 
702

 
702

 
701

 
JPMCC_10-C2 10-C2 A1
 
11/15/2043
 
2.749
%
 
7,227

 
7,261

 
7,415

 
JPMCC_10-CNTR 10-CNTR A1
 
8/5/2032
 
3.300
%
 
9,232

 
9,292

 
9,635

 
JPMCC_11-C5 11-C5 A2
 
8/15/2046
 
3.149
%
 
5,000

 
5,025

 
5,215

 
JPMCC_11-PLSD 11-PLSD A2
 
11/13/2044
 
3.364
%
 
7,195

 
7,226

 
7,539

 
MLMT_05-CIP1 05-CIP1 A2
 
7/12/2038
 
4.960
%
 
2,346

 
2,331

 
2,348

 
MSC_11-C1 11-C1 A1
 
9/15/2047
 
2.602
%
 
5,946

 
5,966

 
6,038

 
MSC_11-C3 11-C3 A2
 
7/15/2049
 
3.224
%
 
3,842

 
3,855

 
4,015

 
COMM_13-RIAL4
 
10/10/2046
 
3.250
%
 
10,863

 
10,870

 
10,859

 
UBSC_11-C1 11-C1 AAB
 
1/10/2045
 
3.187
%
 
8,999

 
9,098

 
9,259

 
WACHOVIA BANK COMMERCIAL 05-C17 APB
 
3/15/2042
 
5.037
%
 
239

 
238

 
239

 
TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES:
 
192,610

 
196,211

 
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES
 
303,071

 
306,838

 
CORPORATE DEBT SECURITIES
 
 
 
 
 
 
 
 
 
 
 
BANKING
 
 
 
 
 
 
 
 
 
 
 
WASHINGTON MUTUAL BANK/HENDERSON
 
6/15/2011
 
—
%
 
1,500

 
—

 
3

c, d
TOTAL BANKING
 
 
 
 

 
 

 
—

 
3

 
BASIC INDUSTRY
 
 
 
 

 
 

 
 

 
 

 
EASTMAN CHEMICAL COMPANY
 
6/1/2017
 
2.400
%
 
8,425

 
8,470

 
8,515

 
VALE OVERSEAS LTD
 
1/23/2017
 
6.250
%
 
10,750

 
11,836

 
11,923

 
TOTAL BASIC INDUSTRY
 
 
 
 

 
 

 
20,306

 
20,438

 
CAPITAL GOODS
 
 
 
 

 
 

 
 

 
 

 
L-3 COMMUNICATIONS CORP
 
11/15/2016
 
3.950
%
 
29,566

 
31,348

 
31,373

 
LOCKHEED MARTIN CORPORATION
 
5/1/2016
 
7.650
%
 
22,000

 
25,316

 
25,377

 
NORDSON CORP
 
7/26/2017
 
2.270
%
 
15,000

 
15,000

 
14,939

 
WASTE MANAGEMENT INC
 
3/11/2015
 
6.375
%
 
1,040

 
1,097

 
1,108

 
WASTE MANAGEMENT INC
 
9/1/2016
 
2.600
%
 
11,954

 
12,091

 
12,338

 
TOTAL CAPITAL GOODS
 
 
 
 

 
 

 
84,852

 
85,135

 

F-69

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
COMMUNICATIONS
 
 
 
 

 
 

 
 

 
 

 
BSKYB FINANCE UK PLC
 
10/15/2015
 
5.625
%
 
11,960

 
12,773

 
12,916

 
DEUTSCHE TELEKOM INTERNATIONAL
 
4/11/2016
 
3.125
%
 
10,000

 
10,125

 
10,415

 
ORANGE SA
 
9/14/2016
 
2.750
%
 
7,500

 
7,480

 
7,788

 
QWEST CORP
 
6/15/2015
 
7.625
%
 
510

 
511

 
552

 
ROGERS COMMUNICATIONS INC
 
3/1/2014
 
6.375
%
 
8,800

 
8,849

 
8,884

 
SCRIPPS NETWORKS INTERACTIVE I
 
12/15/2016
 
2.700
%
 
2,016

 
2,101

 
2,096

 
TCM SUB LLC
 
1/15/2015
 
3.550
%
 
32,561

 
32,799

 
33,481

 
TELEFONICA EMISIONES SAU
 
4/27/2015
 
3.729
%
 
4,500

 
4,498

 
4,649

 
VODAFONE GROUP PLC
 
1/30/2015
 
5.375
%
 
24,065

 
24,685

 
25,250

 
TOTAL COMMUNICATIONS
 
 
 
 

 


 
103,821

 
106,031

 
CONSUMER CYCLICAL
 
 
 
 

 
 

 
 

 
 

 
BEST BUY CO INC
 
3/15/2016
 
3.750
%
 
10,000

 
9,895

 
10,375

 
YUM! BRANDS INC.
 
4/15/2016
 
6.250
%
 
15,700

 
17,300

 
17,411

 
TOTAL CONSUMER CYCLICAL
 
 
 
 

 
 

 
27,195

 
27,786

 
CONSUMER NON-CYCLICAL
 
 
 
 

 
 

 
 

 
 

 
AMERISOURCEBERGEN CORP
 
9/15/2015
 
5.875
%
 
16,934

 
18,107

 
18,363

 
BACARDI LTD
 
4/1/2014
 
7.450
%
 
23,350

 
23,724

 
23,740

 
CARDINAL HEALTH INC
 
6/15/2015
 
4.000
%
 
3,660

 
3,768

 
3,830

 
CLOROX COMPANY
 
1/15/2015
 
5.000
%
 
2,900

 
3,024

 
3,031

 
CONAGRA FOODS INC
 
9/10/2015
 
1.350
%
 
5,000

 
5,010

 
5,035

 
CONAGRA FOODS INC
 
1/25/2018
 
1.900
%
 
9,375

 
9,428

 
9,203

 
DIAGEO CAPITAL PLC
 
1/15/2014
 
7.375
%
 
13,503

 
13,531

 
13,536

 
DIAGEO CAPITAL PLC
 
5/11/2017
 
1.500
%
 
13,235

 
13,195

 
13,206

 
DIAGEO FINANCE
 
10/28/2015
 
5.300
%
 
1,875

 
2,034

 
2,030

 
EXPRESS SCRIPTS HOLDING CO
 
5/15/2016
 
3.125
%
 
5,000

 
5,035

 
5,219

 
EXPRESS SCRIPTS HOLDING CO
 
11/21/2014
 
2.750
%
 
11,400

 
11,582

 
11,620

 
GENERAL MILLS INC
 
5/16/2014
 
1.550
%
 
10,000

 
10,000

 
10,041

 
GENERAL MILLS INC
 
10/15/2014
 
6.190
%
 
20,000

 
20,851

 
20,842

 
HEINEKEN NV
 
10/1/2015
 
0.800
%
 
13,800

 
13,788

 
13,804

 
KELLOGG COMPANY
 
5/30/2016
 
4.450
%
 
7,450

 
8,024

 
8,037

 
KELLOGG COMPANY
 
11/17/2016
 
1.875
%
 
5,000

 
5,117

 
5,086

 
KROGER CO -THE-
 
10/1/2015
 
3.900
%
 
4,000

 
4,125

 
4,210

 
MARS INC
 
10/11/2017
 
2.190
%
 
35,000

 
35,000

 
34,614

 
MCKESSON CORP
 
2/15/2014
 
6.500
%
 
1,055

 
1,060

 
1,062

 
SABMILLER HOLDINGS INC
 
1/15/2015
 
1.850
%
 
16,195

 
16,370

 
16,389

 
ESSILOR INTERNATIONAL -COMPAGN
 
3/15/2017
 
2.650
%
 
7,500

 
7,500

 
7,676

 
ESSILOR INTERNATIONAL -COMPAGN
 
5/4/2017
 
1.840
%
 
11,000

 
11,000

 
10,953

 
TOTAL CONSUMER NON-CYCLICAL
 
 
 
 

 

 
241,273

 
241,527

 

F-70

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
ELECTRIC
 
 
 
 

 
 

 
 

 
 

 
APPALACHIAN POWER CO
 
2/1/2015
 
4.950
%
 
14,065

 
14,545

 
14,661

 
APPALACHIAN POWER CO
 
5/24/2015
 
3.400
%
 
15,000

 
15,086

 
15,477

 
ARIZONA PUBLIC SERVICE CO
 
5/15/2015
 
4.650
%
 
647

 
680

 
680

 
ARIZONA PUBLIC SERVICE CO
 
6/30/2014
 
5.800
%
 
1,250

 
1,271

 
1,281

 
ARIZONA PUBLIC SERVICE CO
 
8/1/2016
 
6.250
%
 
1,505

 
1,696

 
1,689

 
CONSOLIDATED NATURAL GAS COMPANY
 
3/1/2014
 
5.000
%
 
9,475

 
9,525

 
9,544

 
CONSUMERS ENERGY COMPANY
 
10/15/2015
 
2.600
%
 
10,000

 
10,114

 
10,243

 
DTE ENERGY COMPANY
 
6/1/2016
 
6.350
%
 
1,260

 
1,384

 
1,409

 
DTE ENERGY COMPANY
 
5/15/2014
 
7.625
%
 
8,100

 
8,281

 
8,305

 
DOMINION RESOURCES INC/VA
 
7/15/2015
 
5.150
%
 
3,426

 
3,644

 
3,645

 
DUKE ENERGY CORP
 
4/1/2015
 
3.350
%
 
7,000

 
7,092

 
7,214

 
METROPOLITAN EDISON CO
 
4/1/2014
 
4.875
%
 
2,992

 
3,016

 
3,022

 
NEVADA PWR CO
 
3/15/2016
 
5.950
%
 
11,000

 
11,995

 
12,153

 
NEXTERA ENERGY CAPITAL HOLDING
 
6/1/2014
 
1.611
%
 
1,950

 
1,957

 
1,959

 
NEXTERA ENERGY CAPITAL HOLDING
 
6/1/2015
 
1.200
%
 
11,025

 
11,080

 
11,081

 
OHIO PWR CO
 
1/15/2014
 
4.850
%
 
6,780

 
6,788

 
6,788

 
ONCOR ELECTRIC DELIVERY CO LLC
 
1/15/2015
 
6.375
%
 
5,210

 
5,438

 
5,497

 
PG&E CORP
 
4/1/2014
 
5.750
%
 
1,630

 
1,650

 
1,650

 
TRANSALTA CORP
 
1/15/2015
 
4.750
%
 
8,600

 
8,793

 
8,910

 
VIRGINIA ELECTRIC AND POWER CO
 
1/15/2016
 
5.400
%
 
1,500

 
1,641

 
1,631

 
TOTAL ELECTRIC
 
 
 
 

 

 
125,676

 
126,839

 
ENERGY
 
 
 
 

 
 

 
 

 
 

 
ANADARKO PETROLEUM CORP
 
9/15/2016
 
5.950
%
 
5,000

 
5,248

 
5,570

 
CHESAPEAKE ENERGY CORP
 
8/15/2017
 
6.500
%
 
210

 
209

 
237

 
CONVENIENCE RETAILERS LLC
 
11/22/2016
 
2.750
%
 
10,500

 
10,500

 
10,768

 
DEVON ENERGY CORPORATION
 
5/15/2017
 
1.875
%
 
5,000

 
5,065

 
5,036

 
ENCANA HLDGS FIN CORP
 
5/1/2014
 
5.800
%
 
1,109

 
1,123

 
1,128

 
MARATHON OIL CORP
 
11/1/2015
 
0.900
%
 
27,625

 
27,664

 
27,648

 
NOBLE HOLDING INTERNATIONAL LT
 
3/1/2016
 
3.050
%
 
19,151

 
19,619

 
19,720

 
WOODSIDE FIN LTD
 
11/10/2014
 
4.500
%
 
26,288

 
26,600

 
27,074

 
XTO ENERGY INC.
 
2/1/2014
 
4.900
%
 
1,000

 
1,000

 
1,003

 
TOTAL ENERGY
 
 
 
 

 

 
97,028

 
98,184

 
FINANCE COMPANIES
 
 
 
 

 
 

 
 

 
 

 
GENERAL ELECTRIC CAP CORP
 
10/17/2016
 
3.350
%
 
25,000

 
26,185

 
26,559

 
GENERAL ELECTRIC CAP CORP
 
7/2/2015
 
1.625
%
 
7,000

 
7,041

 
7,111

 
GENERAL ELECTRIC CAP CORP
 
1/8/2016
 
1.000
%
 
4,000

 
3,991

 
4,010

 
TOTAL FINANCE COMPANIES
 
 
 
 

 
 

 
37,217

 
37,680

 

F-71

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
INSURANCE
 
 
 
 

 
 

 
 

 
 

 
WELLPOINT INC
 
1/15/2016
 
5.250
%
 
3,370

 
3,564

 
3,644

 
WELLPOINT INC
 
9/10/2015
 
1.250
%
 
14,375

 
14,426

 
14,475

 
TOTAL INSURANCE
 
 
 
 

 
 

 
17,990

 
18,119

 
NATURAL GAS
 
 
 
 

 
 

 
 

 
 

 
COLORADO INTERSTATE GAS CO LLC
 
3/15/2015
 
5.950
%
 
1,977

 
2,062

 
2,088

 
COLORADO INTERSTATE GAS CO LLC
 
11/15/2015
 
6.800
%
 
35,318

 
38,085

 
39,108

 
ENTERPRISE PRODUCTS OPERATING
 
10/15/2014
 
5.600
%
 
4,893

 
5,035

 
5,084

 
KERN RIVER FDG CORP
 
4/30/2018
 
4.893
%
 
12,394

 
13,505

 
13,264

 
KINDER MORGAN ENERGY PARTNERS
 
2/15/2015
 
5.625
%
 
17,605

 
18,316

 
18,510

 
MIDCONTINENT EXPRESS PIPELINE
 
9/15/2014
 
5.450
%
 
11,100

 
11,329

 
11,334

 
NISOURCE FINANCE CORP
 
7/15/2014
 
5.400
%
 
10,000

 
10,101

 
10,247

 
NORTHWEST PIPELINE LLC
 
6/15/2016
 
7.000
%
 
4,280

 
4,697

 
4,870

 
PLAINS ALL AMERICAN PIPELINE L
 
9/15/2015
 
3.950
%
 
7,000

 
7,246

 
7,361

 
SOUTHERN STAR CENTRAL GAS PIPE
 
6/1/2016
 
6.000
%
 
9,450

 
10,188

 
10,343

 
TRANSCONTINENTAL GAS PIPE LINE
 
4/15/2016
 
6.400
%
 
649

 
703

 
725

 
TOTAL NATURAL GAS
 
 
 
 

 
 

 
121,267

 
122,934

 
TECHNOLOGY
 
 
 
 

 
 

 
 

 
 

 
HEWLETT-PACKARD CO
 
9/15/2016
 
3.000
%
 
30,000

 
30,611

 
31,207

 
SUNGARD DATA SYSTEMS INC
 
1/15/2014
 
4.875
%
 
370

 
370

 
370

 
SAP IRELAND US FINANCIAL SERV
 
10/14/2017
 
2.950
%
 
3,000

 
3,101

 
3,071

 
SAP IRELAND US FINANCIAL SERV
 
11/15/2017
 
2.130
%
 
10,000

 
10,000

 
9,923

 
TOTAL TECHNOLOGY
 
 
 
 

 
 

 
44,082

 
44,571

 
TRANSPORTATION
 
 
 
 

 
 

 
 

 
 

 
CSX CORPORATION
 
4/1/2015
 
6.250
%
 
1,099

 
1,159

 
1,175

 
UNION PACIFIC CORPORATION
 
2/1/2016
 
7.000
%
 
12,500

 
13,928

 
13,965

 
TOTAL TRANSPORTATION
 
 
 
 

 
 

 
15,087

 
15,140

 
TOTAL - CORPORATE DEBT SECURITIES
 
935,794

 
944,387

 
STRUCTURED SECURITIES
 
 
 
 

 
 

 
 

 
 

 
MERRILL LYNCH ELLIOTT & PAIGE
 
2/23/2010
 
2.209
%
 
11,000

 
—

 
—

c, d
TOTAL STRUCTURED SECURITIES
 
 
 
 

 
 

 
—

 
—

 
TOTAL - FIXED MATURITIES
 
 
 
 
 
 
 
3,987,510

 
3,978,248

 
COMMON STOCKS
 
 
 
 
 
 
 
 
 
 
 
AUTO MANUFACTURING/VEHICLE PARTS
 
 
 
 
 
 
 
 
 
 
 
MARK IV INDUSTRIES INC
 
 
 
 
 
10

 
115

 
362

d
TOTAL AUTO MANUFACTURING/VEHICLE PARTS
 
 
 
115

 
362

 
BUILDING PRODCUTS
 
 
 
 
 
 
 
 
 
 
 
CONTECH ENGINEERED SOLUTIONS
 
 
 
 
 
13

 
296

 
441

d
TOTAL BUILDING PRODUCTS
 
 
 
 
 
 
 
296

 
441

 

F-72

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
CHEMICALS
 
 
 
 
 
 
 
 
 
 
 
LYONDELLBASELL INDUSTRIES NV
 
 
 
 
 
16

 
82

 
1,300

 
TOTAL CHEMICALS
 
 
 
 
 
 
 
82

 
1,300

 
FINANCE - OTHER
 
 
 
 
 
 
 
 
 
 
 
NPF XII INC -ABS
 
 
 
 
 
10,000

 
—

 
—

d
TOTAL FINANCE - OTHER
 
 
 
 
 
 
 
—

 
—

 
GAMING
 
 
 
 
 
 
 
 
 
 
 
HERBST GAMING INC
 
 
 
 
 
9

 
87

 
100

d
TROPICANA ENTERTAINMENT
 
 
 
 
 
4

 
—

 
73

d
TOTAL GAMING
 
 
 
 
 
 
 
87

 
173

 
MEDIA
 
 
 
 
 
 
 
 
 
 
 
CUMULUS MED INC.
 
 
 
 
 
22

 
69

 
174

d
DEX ONE CORP
 
 
 
 
 
1

 
—

 
5

d
TRIBUNE CO
 
 
 
 
 
13

 
577

 
992

d
MGM HOLDINGS II INC
 
 
 
 
 
37

 
714

 
2,505

c, d
MEDIANEWS GRP INC
 
 
 
 
 
3

 
41

 
56

d
TOTAL MEDIA
 
 
 
 
 
 
 
1,401

 
3,732

 
METALS/MINING
 
 
 
 
 
 
 
 
 
 
 
ALERIS INTERNATIONAL INC
 
 
 
 
 
5

 
184

 
217

 
TOTAL METALS/MINING
 
 
 
 
 
 
 
184

 
217

 
TELECOMMUNICATIONS
 
 
 
 
 
 
 
 
 
 
 
HAWAIIAN TELCOM HOLDCO INC
 
 
 
 
 
3

 
50

 
98

c, d
TOTAL TELECOMMUNICATIONS
 
 
 
 
 
 
 
50

 
98

 
TOTAL - COMMON STOCKS
 
 
 
 
 
 
 
2,215

 
6,323

 
SYNDICATED LOANS
 
 
 
 
 
 
 
 
 
 
 
BASIC INDUSTRY
 
 
 
 
 
 
 
 
 
 
 
HUNTSMAN INTERNATIONAL LLC
 
4/19/2017
 
2.705
%
 
1,180

 
1,176

 
1,176

 
CELANESE US HOLDINGS LLC
 
10/31/2016
 
2.249
%
 
714

 
713

 
713

 
HUNTSMAN INTERNATIONAL LLC
 
4/19/2017
 
3.208
%
 
437

 
434

 
434

 
TOTAL BASIC INDUSTRY
 
 
 
 
 
 
 
2,323

 
2,323

 
BROKERAGE
 
 
 
 
 
 
 
 
 
 
 
NUVEEN INVESTMENTS INC
 
5/13/2017
 
4.164
%
 
868

 
859

 
859

 
TOTAL BROKERAGE
 
 
 
 
 
 
 
859

 
859

 
CAPITAL GOODS
 
 
 
 
 
 
 
 
 
 
 
BERRY PLASTICS CORP
 
4/3/2015
 
2.164
%
 
2,239

 
2,203

 
2,203

 
TOTAL CAPITAL GOODS
 
 
 
 
 
 
 
2,203

 
2,203

 
COMMUNICATIONS
 
 
 
 
 
 
 
 
 
 
 
MEDIACOM LLC
 
1/31/2015
 
1.630
%
 
1,222

 
1,213

 
1,213

 
CENGAGE LEARNING INC
 
7/3/2014
 
—
%
 
236

 
235

 
235

d
YELL FINANCE BV
 
7/31/2014
 
—
%
 
1,288

 
1,284

 
1,284

d
SUPERMEDIA INC
 
12/30/2016
 
11.600
%
 
225

 
138

 
138

 

F-73

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
DEX ONE CORP
 
12/31/2016
 
9.750
%
 
318

 
167

 
167

 
NIELSEN FINANCE LLC
 
5/1/2016
 
2.918
%
 
1,400

 
1,396

 
1,396

 
LODGENET INTERACTIVE CORPORATION
 
3/28/2018
 
6.750
%
 
312

 
251

 
251

 
CHARTER COMMUN HLDGS LLC
 
12/31/2020
 
3.000
%
 
319

 
319

 
319

 
TOTAL COMMUNICATIONS
 
 
 
 
 
 
 
5,003

 
5,003

 
CONSUMER CYCLICAL
 
 
 
 
 
 
 
 
 
 
 
SABRE INC
 
2/19/2019
 
5.250
%
 
281

 
281

 
281

 
LAS VEGAS SANDS LLC
 
12/11/2020
 
3.250
%
 
560

 
546

 
546

 
TOTAL CONSUMER CYCLICAL
 
 
 
 
 
 
 
827

 
827

 
CONSUMER NON-CYCLICAL
 
 
 
 
 
 
 
 
 
 
 
ARAMARK CORPORATION
 
7/26/2016
 
3.664
%
 
49

 
49

 
49

 
ARAMARK CORPORATION
 
7/26/2016
 
3.718
%
 
409

 
409

 
409

 
CATALENT PHARMA SOLUTIONS INC
 
9/15/2016
 
3.664
%
 
682

 
675

 
675

 
ARAMARK CORPORATION
 
7/26/2016
 
3.664
%
 
27

 
27

 
27

 
ARAMARK CORPORATION
 
7/26/2016
 
3.748
%
 
338

 
335

 
335

 
HCA-THE HEALTHCARE CO
 
5/1/2018
 
2.914
%
 
1,184

 
1,182

 
1,182

 
BIOMET INC
 
7/25/2017
 
3.687
%
 
282

 
282

 
282

 
TOTAL CONSUMER NON-CYCLICAL
 
 
 
 
 
 
 
2,959

 
2,959

 
ELECTRIC
 
 
 
 
 
 
 
 
 
 
 
ENERGY FUTURE HOLDINGS CORP
 
10/10/2014
 
3.730
%
 
1,868

 
1,854

 
1,854

 
TOTAL ELECTRIC
 
 
 
 
 
 
 
1,854

 
1,854

 
TECHNOLOGY
 
 
 
 
 
 
 
 
 
 
 
FREESCALE SEMICONDUCTOR INC
 
3/1/2020
 
5.000
%
 
1,491

 
1,462

 
1,462

 
TOTAL TECHNOLOGY
 
 
 
 
 
 
 
1,462

 
1,462

 
TOTAL - SYNDICATED LOANS BEFORE ALLOWANCE FOR LOAN LOSSES
 
17,490

 
17,490

 
ALLOWANCE FOR LOAN LOSSES
 
 
 
 
 
 
 
(2,120
)
 
(2,120
)
 
TOTAL - SYNDICATED LOANS, NET
 
 
 
 

 
 

 
15,370

 
15,370

 
DERIVATIVES
 
 
 
 
 
 
 
 
 
 
 
PURCHASED OPTIONS
 
 
 
 
 
 
 
 
 
 
 
BNP PARIBAS SA
 
1/7/2014
 
 
 
—

 
2,891

 
2,891

 
BNP PARIBAS SA
 
1/14/2014
 
 
 
—

 
2,888

 
2,888

 
BNP PARIBAS SA
 
1/21/2014
 
 
 
—

 
2,581

 
2,581

 
BNP PARIBAS SA
 
1/28/2014
 
 
 
—

 
2,198

 
2,198

 
BNP PARIBAS SA
 
2/4/2014
 
 
 
—

 
2,178

 
2,178

 
BNP PARIBAS SA
 
2/11/2014
 
 
 
—

 
2,127

 
2,127

 
BNP PARIBAS SA
 
2/18/2014
 
 
 
—

 
2,168

 
2,168

 
BNP PARIBAS SA
 
2/25/2014
 
 
 
—

 
2,330

 
2,330

 
BNP PARIBAS SA
 
3/4/2014
 
 
 
—

 
2,109

 
2,109

 
BNP PARIBAS SA
 
3/11/2014
 
 
 
—

 
2,148

 
2,148

 
BNP PARIBAS SA
 
3/18/2014
 
 
 
—

 
2,150

 
2,150

 
BNP PARIBAS SA
 
3/25/2014
 
 
 
—

 
1,759

 
1,759

 

F-74

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
BNP PARIBAS SA
 
4/1/2014
 
 
 
—

 
1,978

 
1,978

 
BNP PARIBAS SA
 
4/8/2014
 
 
 
—

 
1,878

 
1,878

 
WELLS FARGO BANK NA
 
4/15/2014
 
 
 
—

 
1,762

 
1,762

 
BNP PARIBAS SA
 
4/22/2014
 
 
 
—

 
1,825

 
1,825

 
WELLS FARGO BANK NA
 
4/29/2014
 
 
 
—

 
1,660

 
1,660

 
BNP PARIBAS SA
 
5/6/2014
 
 
 
—

 
1,360

 
1,360

 
BNP PARIBAS SA
 
5/13/2014
 
 
 
—

 
1,279

 
1,279

 
BNP PARIBAS SA
 
5/20/2014
 
 
 
—

 
1,269

 
1,269

 
BNP PARIBAS SA
 
5/27/2014
 
 
 
—

 
1,505

 
1,505

 
BNP PARIBAS SA
 
6/3/2014
 
 
 
—

 
1,636

 
1,636

 
BNP PARIBAS SA
 
6/10/2014
 
 
 
—

 
1,306

 
1,306

 
BNP PARIBAS SA
 
6/17/2014
 
 
 
—

 
1,141

 
1,141

 
BNP PARIBAS SA
 
6/24/2014
 
 
 
—

 
1,665

 
1,665

 
BNP PARIBAS SA
 
7/1/2014
 
 
 
—

 
1,379

 
1,379

 
WELLS FARGO BANK NA
 
7/8/2014
 
 
 
—

 
1,196

 
1,196

 
BNP PARIBAS SA
 
7/15/2014
 
 
 
—

 
1,029

 
1,029

 
WELLS FARGO BANK NA
 
7/22/2014
 
 
 
—

 
928

 
928

 
BNP PARIBAS SA
 
7/29/2014
 
 
 
—

 
1,087

 
1,087

 
BNP PARIBAS SA
 
8/5/2014
 
 
 
—

 
1,092

 
1,092

 
BNP PARIBAS SA
 
8/12/2014
 
 
 
—

 
1,077

 
1,077

 
BNP PARIBAS SA
 
8/19/2014
 
 
 
—

 
1,211

 
1,211

 
BNP PARIBAS SA
 
8/26/2014
 
 
 
—

 
1,803

 
1,803

 
BNP PARIBAS SA
 
9/2/2014
 
 
 
—

 
1,364

 
1,364

 
WELLS FARGO BANK NA
 
9/9/2014
 
 
 
—

 
1,042

 
1,042

 
WELLS FARGO BANK NA
 
9/16/2014
 
 
 
—

 
1,047

 
1,047

 
BNP PARIBAS SA
 
9/23/2014
 
 
 
—

 
906

 
906

 
WELLS FARGO BANK NA
 
9/30/2014
 
 
 
—

 
973

 
973

 
BNP PARIBAS SA
 
10/7/2014
 
 
 
—

 
1,377

 
1,377

 
WELLS FARGO BANK NA
 
10/14/2014
 
 
 
—

 
932

 
932

 
WELLS FARGO BANK NA
 
10/21/2014
 
 
 
—

 
715

 
715

 
WELLS FARGO BANK NA
 
10/28/2014
 
 
 
—

 
715

 
715

 
BNP PARIBAS SA
 
11/4/2014
 
 
 
—

 
682

 
682

 
WELLS FARGO BANK NA
 
11/11/2014
 
 
 
—

 
629

 
629

 
WELLS FARGO BANK NA
 
11/18/2014
 
 
 
—

 
682

 
682

 
WELLS FARGO BANK NA
 
11/25/2014
 
 
 
—

 
614

 
614

 
BNP PARIBAS SA
 
12/2/2014
 
 
 
—

 
642

 
642

 
BNP PARIBAS SA
 
12/9/2014
 
 
 
—

 
657

 
657

 

F-75

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
WELLS FARGO BANK NA
 
12/16/2014
 
 
 
—

 
789

 
789

 
WELLS FARGO BANK NA
 
12/24/2014
 
 
 
—

 
509

 
509

 
TOTAL PURCHASED OPTIONS
 
 
 
 
 
 
 
72,868

 
72,868

 
WRITTEN OPTIONS
 
 
 
 
 
 
 
 
 
 
 
BNP PARIBAS SA
 
1/7/2014
 
 
 
—

 
(2,640
)
 
(2,640
)
 
BNP PARIBAS SA
 
1/7/2014
 
 
 
—

 
(29
)
 
(29
)
 
BNP PARIBAS SA
 
1/14/2014
 
 
 
—

 
(2,595
)
 
(2,595
)
 
BNP PARIBAS SA
 
1/14/2014
 
 
 
—

 
(54
)
 
(54
)
 
BNP PARIBAS SA
 
1/21/2014
 
 
 
—

 
(2,330
)
 
(2,330
)
 
BNP PARIBAS SA
 
1/21/2014
 
 
 
—

 
(25
)
 
(25
)
 
BNP PARIBAS SA
 
1/28/2014
 
 
 
—

 
(1,942
)
 
(1,942
)
 
BNP PARIBAS SA
 
1/28/2014
 
 
 
—

 
(47
)
 
(47
)
 
BNP PARIBAS SA
 
2/4/2014
 
 
 
—

 
(1,998
)
 
(1,998
)
 
BNP PARIBAS SA
 
2/4/2014
 
 
 
—

 
(26
)
 
(26
)
 
BNP PARIBAS SA
 
2/11/2014
 
 
 
—

 
(1,948
)
 
(1,948
)
 
BNP PARIBAS SA
 
2/11/2014
 
 
 
—

 
(25
)
 
(25
)
 
BNP PARIBAS SA
 
2/18/2014
 
 
 
—

 
(1,953
)
 
(1,953
)
 
BNP PARIBAS SA
 
2/18/2014
 
 
 
—

 
(47
)
 
(47
)
 
BNP PARIBAS SA
 
2/25/2014
 
 
 
—

 
(2,119
)
 
(2,119
)
 
BNP PARIBAS SA
 
2/25/2014
 
 
 
—

 
(54
)
 
(54
)
 
BNP PARIBAS SA
 
3/4/2014
 
 
 
—

 
(1,925
)
 
(1,925
)
 
BNP PARIBAS SA
 
3/4/2014
 
 
 
—

 
(23
)
 
(23
)
 
BNP PARIBAS SA
 
3/11/2014
 
 
 
—

 
(1,958
)
 
(1,958
)
 
BNP PARIBAS SA
 
3/11/2014
 
 
 
—

 
(22
)
 
(22
)
 
BNP PARIBAS SA
 
3/18/2014
 
 
 
—

 
(1,935
)
 
(1,935
)
 
BNP PARIBAS SA
 
3/18/2014
 
 
 
—

 
(44
)
 
(44
)
 
BNP PARIBAS SA
 
3/25/2014
 
 
 
—

 
(1,596
)
 
(1,596
)
 
BNP PARIBAS SA
 
3/25/2014
 
 
 
—

 
(21
)
 
(21
)
 
BNP PARIBAS SA
 
4/1/2014
 
 
 
—

 
(1,791
)
 
(1,791
)
 
BNP PARIBAS SA
 
4/1/2014
 
 
 
—

 
(20
)
 
(20
)
 
BNP PARIBAS SA
 
4/8/2014
 
 
 
—

 
(1,674
)
 
(1,674
)
 
BNP PARIBAS SA
 
4/8/2014
 
 
 
—

 
(41
)
 
(41
)
 
WELLS FARGO BANK NA
 
4/15/2014
 
 
 
—

 
(1,592
)
 
(1,592
)
 
WELLS FARGO BANK NA
 
4/15/2014
 
 
 
—

 
(20
)
 
(20
)
 
BNP PARIBAS SA
 
4/22/2014
 
 
 
—

 
(1,649
)
 
(1,649
)
 
BNP PARIBAS SA
 
4/22/2014
 
 
 
—

 
(20
)
 
(20
)
 
WELLS FARGO BANK NA
 
4/29/2014
 
 
 
—

 
(1,469
)
 
(1,469
)
 
WELLS FARGO BANK NA
 
4/29/2014
 
 
 
—

 
(36
)
 
(36
)
 
BNP PARIBAS SA
 
5/6/2014
 
 
 
—

 
(1,210
)
 
(1,210
)
 
BNP PARIBAS SA
 
5/6/2014
 
 
 
—

 
(15
)
 
(15
)
 

F-76

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
BNP PARIBAS SA
 
5/13/2014
 
 
 
—

 
(1,124
)
 
(1,124
)
 
BNP PARIBAS SA
 
5/13/2014
 
 
 
—

 
(13
)
 
(13
)
 
BNP PARIBAS SA
 
5/20/2014
 
 
 
—

 
(1,094
)
 
(1,094
)
 
BNP PARIBAS SA
 
5/20/2014
 
 
 
—

 
(24
)
 
(24
)
 
BNP PARIBAS SA
 
5/27/2014
 
 
 
—

 
(1,326
)
 
(1,326
)
 
BNP PARIBAS SA
 
5/27/2014
 
 
 
—

 
(13
)
 
(13
)
 
BNP PARIBAS SA
 
6/3/2014
 
 
 
—

 
(1,442
)
 
(1,442
)
 
BNP PARIBAS SA
 
6/3/2014
 
 
 
—

 
(30
)
 
(30
)
 
BNP PARIBAS SA
 
6/10/2014
 
 
 
—

 
(1,166
)
 
(1,166
)
 
BNP PARIBAS SA
 
6/10/2014
 
 
 
—

 
(16
)
 
(16
)
 
BNP PARIBAS SA
 
6/17/2014
 
 
 
—

 
(1,006
)
 
(1,006
)
 
BNP PARIBAS SA
 
6/17/2014
 
 
 
—

 
(14
)
 
(14
)
 
BNP PARIBAS SA
 
6/24/2014
 
 
 
—

 
(1,482
)
 
(1,482
)
 
BNP PARIBAS SA
 
6/24/2014
 
 
 
—

 
(38
)
 
(38
)
 
BNP PARIBAS SA
 
7/1/2014
 
 
 
—

 
(1,238
)
 
(1,238
)
 
BNP PARIBAS SA
 
7/1/2014
 
 
 
—

 
(17
)
 
(17
)
 
WELLS FARGO BANK NA
 
7/8/2014
 
 
 
—

 
(1,058
)
 
(1,058
)
 
WELLS FARGO BANK NA
 
7/8/2014
 
 
 
—

 
(14
)
 
(14
)
 
BNP PARIBAS SA
 
7/15/2014
 
 
 
—

 
(902
)
 
(902
)
 
BNP PARIBAS SA
 
7/15/2014
 
 
 
—

 
(12
)
 
(12
)
 
WELLS FARGO BANK NA
 
7/22/2014
 
 
 
—

 
(809
)
 
(809
)
 
WELLS FARGO BANK NA
 
7/22/2014
 
 
 
—

 
(11
)
 
(11
)
 
BNP PARIBAS SA
 
7/29/2014
 
 
 
—

 
(952
)
 
(952
)
 
BNP PARIBAS SA
 
7/29/2014
 
 
 
—

 
(12
)
 
(12
)
 
BNP PARIBAS SA
 
8/5/2014
 
 
 
—

 
(955
)
 
(955
)
 
BNP PARIBAS SA
 
8/5/2014
 
 
 
—

 
(11
)
 
(11
)
 
BNP PARIBAS SA
 
8/12/2014
 
 
 
—

 
(927
)
 
(927
)
 
BNP PARIBAS SA
 
8/12/2014
 
 
 
—

 
(23
)
 
(23
)
 
BNP PARIBAS SA
 
8/19/2014
 
 
 
—

 
(1,079
)
 
(1,079
)
 
BNP PARIBAS SA
 
8/19/2014
 
 
 
—

 
(15
)
 
(15
)
 
BNP PARIBAS SA
 
8/26/2014
 
 
 
—

 
(1,566
)
 
(1,566
)
 
BNP PARIBAS SA
 
8/26/2014
 
 
 
—

 
(66
)
 
(66
)
 
BNP PARIBAS SA
 
9/2/2014
 
 
 
—

 
(1,222
)
 
(1,222
)
 
BNP PARIBAS SA
 
9/2/2014
 
 
 
—

 
(16
)
 
(16
)
 
WELLS FARGO BANK NA
 
9/9/2014
 
 
 
—

 
(921
)
 
(921
)
 
WELLS FARGO BANK NA
 
9/9/2014
 
 
 
—

 
(13
)
 
(13
)
 
WELLS FARGO BANK NA
 
9/16/2014
 
 
 
—

 
(917
)
 
(917
)
 
WELLS FARGO BANK NA
 
9/16/2014
 
 
 
—

 
(11
)
 
(11
)
 
BNP PARIBAS SA
 
9/23/2014
 
 
 
—

 
(798
)
 
(798
)
 
BNP PARIBAS SA
 
9/23/2014
 
 
 
—

 
(12
)
 
(12
)
 

F-77

Ameriprise Certificate Company    SCHEDULE I

Investments of Securities in Unaffiliated Issuers (in thousands)
As of December 31, 2013
Issuer
 
Maturity Date
 
Coupon Rate
 
Principal Amount of Bonds & Notes or # of Shares
 
Amortized Cost
(Notes a & b)
 
Carrying Value (Note a)
 
 
 
 
 
 
 
 
 
 
 
 
 
WELLS FARGO BANK NA
 
9/30/2014
 
 
 
—

 
(858
)
 
(858
)
 
WELLS FARGO BANK NA
 
9/30/2014
 
 
 
—

 
(12
)
 
(12
)
 
BNP PARIBAS SA
 
10/7/2014
 
 
 
—

 
(1,213
)
 
(1,213
)
 
BNP PARIBAS SA
 
10/7/2014
 
 
 
—

 
(30
)
 
(30
)
 
WELLS FARGO BANK NA
 
10/14/2014
 
 
 
—

 
(822
)
 
(822
)
 
WELLS FARGO BANK NA
 
10/14/2014
 
 
 
—

 
(12
)
 
(12
)
 
WELLS FARGO BANK NA
 
10/21/2014
 
 
 
—

 
(616
)
 
(616
)
 
WELLS FARGO BANK NA
 
10/21/2014
 
 
 
—

 
(9
)
 
(9
)
 
WELLS FARGO BANK NA
 
10/28/2014
 
 
 
—

 
(610
)
 
(610
)
 
WELLS FARGO BANK NA
 
10/28/2014
 
 
 
—

 
(8
)
 
(8
)
 
BNP PARIBAS SA
 
11/4/2014
 
 
 
—

 
(587
)
 
(587
)
 
BNP PARIBAS SA
 
11/4/2014
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
11/11/2014
 
 
 
—

 
(537
)
 
(537
)
 
WELLS FARGO BANK NA
 
11/11/2014
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
11/18/2014
 
 
 
—

 
(583
)
 
(583
)
 
WELLS FARGO BANK NA
 
11/18/2014
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
11/25/2014
 
 
 
—

 
(522
)
 
(522
)
 
WELLS FARGO BANK NA
 
11/25/2014
 
 
 
—

 
(7
)
 
(7
)
 
BNP PARIBAS SA
 
12/2/2014
 
 
 
—

 
(549
)
 
(549
)
 
BNP PARIBAS SA
 
12/2/2014
 
 
 
—

 
(7
)
 
(7
)
 
BNP PARIBAS SA
 
12/9/2014
 
 
 
—

 
(561
)
 
(561
)
 
BNP PARIBAS SA
 
12/9/2014
 
 
 
—

 
(7
)
 
(7
)
 
WELLS FARGO BANK NA
 
12/16/2014
 
 
 
—

 
(681
)
 
(681
)
 
WELLS FARGO BANK NA
 
12/16/2014
 
 
 
—

 
(8
)
 
(8
)
 
WELLS FARGO BANK NA
 
12/24/2014
 
 
 
—

 
(431
)
 
(431
)
 
WELLS FARGO BANK NA
 
12/24/2014
 
 
 
—

 
(6
)
 
(6
)
 
TOTAL WRITTEN OPTIONS
 
 
 
 
 
 
 
(65,958
)
 
(65,958
)
 
NONPERFORMANCE RISK ADJUSTMENTS
 
 
 
 
 
 
 
 
 
 
 
NONPERFORMANCE RISK ADJUSTMENT
 
 
 
 
 
—

 
(20
)
 
(20
)
 
TOTAL NONPERFORMANCE RISK ADJUSTMENTS
 
 
 
 
 
 
 
(20
)
 
(20
)
 
TOTAL DERIVATIVES
 
 
 
 
 
 
 
6,890

 
6,890

 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL INVESTMENTS IN CASH EQUIVALENTS, FIXED MATURITIES, COMMON STOCK, SYNDICATED LOANS AND DERIVATIVES
 
 
 
 

 
 

 
$
4,083,583

 
$
4,078,429

 
 
 
 
 
 
 
 
 
 
 
 
 
NOTES
(a) Cash equivalents are carried at amortized cost which approximates fair value. Fixed maturities and common stock are carried at fair value. In the absence of quoted market prices, fair values are obtained from third party pricing services, non-binding broker quotes or other model-based valuation techniques. Syndicated loans are carried at amortized cost, less allowance for loan losses. Derivatives are traded in over-the-counter markets using pricing models with market observable inputs. See notes to the financial statements regarding security valuation.
(b) For Federal income tax purposes, the cost of investments is $4.1 billion.
(c) Securities written down due to other-than-temporary impairment related to credit losses.
(d) Non-Income producing securities.

F-78

Ameriprise Certificate Company    SCHEDULE III

Mortgage Loans on Real Estate and Interest Earned on Mortgages (in thousands)
Year Ended December 31, 2014

Part 1 - Mortgage loans on real estate at end of period
Part 2 - Interest earned on mortgages
Loan No.
Description (a)
Property Location
 
Number of loans
 
Prior liens (b)
 
Carrying amount of mortgages (c)
 
Amount of principal unpaid at end of period
 
Amount of mortgages being foreclosed
 
Interest due and accrued at end of period (e)
 
Average gross rate of interest on mortgages held at end of period (f)
 
 
 
 
Total
 
Subject to delinquent interest (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other - liens on:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Apartment and business:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Over $500:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
121047195
Pharr
TX
 
1

 
$
—

 
$
1,485

 
$
1,485

 
$
—

 
$
—

 
$
—

 
3.530
%
 
121047196
Pharr
TX
 
1

 
—

 
3,323

 
3,323

 
—

 
—

 
—

 
3.530
%
 
121047197
Alamo
TX
 
1

 
—

 
761

 
761

 
—

 
—

 
—

 
3.530
%
 
121047210
West Haven
CT
 
1

 
—

 
4,911

 
4,911

 
—

 
—

 
—

 
4.250
%
 
121047215
Urbandale
IA
 
1

 
—

 
1,141

 
1,141

 
—

 
—

 
—

 
3.750
%
 
121047216
Urbandale
IA
 
1

 
—

 
898

 
898

 
—

 
—

 
—

 
3.750
%
 
121047230
Houston
TX
 
1

 
—

 
1,484

 
1,484

 
—

 
—

 
—

 
5.110
%
 
121047262
Fargo
ND
 
1

 
—

 
7,084

 
7,084

 
—

 
—

 
—

 
5.440
%
 
121047342
Tucson
AZ
 
1

 
—

 
1,939

 
1,939

 
—

 
—

 
—

 
5.250
%
 
121047343
Durham
NC
 
1

 
—

 
1,751

 
1,751

 
—

 
—

 
—

 
4.000
%
 
121047354
San Diego
CA
 
1

 
—

 
5,969

 
5,969

 
—

 
—

 
—

 
3.000
%
 
121047357
Wauconda
IL
 
1

 
—

 
1,139

 
1,139

 
—

 
—

 
—

 
4.030
%
 
121047364
Kansas City
KS
 
1

 
—

 
1,179

 
1,179

 
—

 
—

 
—

 
3.110
%
 
121087245
Southport
CT
 
1

 
—

 
2,927

 
2,927

 
—

 
—

 
—

 
5.750
%
 
121087268
Sebring
FL
 
1

 
—

 
6,977

 
6,977

 
—

 
—

 
—

 
6.000
%
 
121087290
Doraville
GA
 
1

 
—

 
1,535

 
1,535

 
—

 
—

 
—

 
5.770
%
 
121087313
Orchard Park
NY
 
1

 
—

 
2,717

 
2,717

 
—

 
—

 
—

 
5.460
%
 
121087327
Marietta
GA
 
1

 
—

 
1,994

 
1,994

 
—

 
—

 
—

 
3.410
%
 
121087344
Norcross
GA
 
1

 
—

 
1,639

 
1,639

 
—

 
—

 
—

 
5.000
%
 
121087345
Henderson
NV
 
1

 
—

 
5,668

 
5,668

 
—

 
—

 
—

 
4.500
%
 
121087347
Lawrenceville
GA
 
1

 
—

 
1,192

 
1,192

 
—

 
—

 
—

 
4.650
%
 
121087349
Carlsbad
CA
 
1

 
—

 
1,995

 
1,995

 
—

 
—

 
—

 
3.000
%
 
121087350
Norwalk
CA
 
1

 
—

 
4,148

 
4,148

 
—

 
—

 
—

 
4.670
%
 
121087351
Gardena
CA
 
1

 
—

 
1,429

 
1,429

 
—

 
—

 
—

 
4.450
%
 
121087352
Bedford
NH
 
1

 
—

 
2,263

 
2,263

 
—

 
—

 
—

 
4.860
%
 
121087353
Beaverton
OR
 
1

 
—

 
707

 
707

 
—

 
—

 
—

 
4.450
%
 
121087355
Oregon City
OR
 
1

 
—

 
1,580

 
1,580

 
—

 
—

 
—

 
3.460
%
 
121087358
Philadelphia
PA
 
1

 
—

 
2,396

 
2,396

 
—

 
—

 
—

 
3.590
%
 
121087359
Apex
NC
 
1

 
—

 
920

 
920

 
—

 
—

 
—

 
3.520
%
 
121087360
Sun City Center
FL
 
1

 
—

 
4,293

 
4,293

 
—

 
—

 
—

 
4.350
%

F-79

Ameriprise Certificate Company    SCHEDULE III

Mortgage Loans on Real Estate and Interest Earned on Mortgages (in thousands)
Year Ended December 31, 2014

Part 1 - Mortgage loans on real estate at end of period
Part 2 - Interest earned on mortgages
Loan No.
Description (a)
Property Location
 
Number of loans
 
Prior liens (b)
 
Carrying amount of mortgages (c)
 
Amount of principal unpaid at end of period
 
Amount of mortgages being foreclosed
 
Interest due and accrued at end of period (e)
 
Average gross rate of interest on mortgages held at end of period (f)
 
 
 
 
Total
 
Subject to delinquent interest (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
121087361
Oswego
OR
 
1

 
—

 
3,904

 
3,904

 
—

 
—

 
—

 
3.480
%
 
121087362
Atlanta
GA
 
1

 
—

 
2,292

 
2,292

 
—

 
—

 
—

 
3.580
%
 
121087365
Fairfax
VA
 
1

 
—

 
1,988

 
1,988

 
—

 
—

 
—

 
3.610
%
 
121087366
Murray
UT
 
1

 
—

 
1,156

 
1,156

 
—

 
—

 
—

 
3.310
%
 
121087367
Port Richey
FL
 
1

 
—

 
3,539

 
3,539

 
—

 
—

 
—

 
3.590
%
 
121087368
Norwich
NY
 
1

 
—

 
2,215

 
2,215

 
—

 
—

 
—

 
3.170
%
 
121087369
Ackworth
GA
 
1

 
—

 
1,644

 
1,644

 
—

 
—

 
—

 
3.290
%
 
121087370
La Jolla
CA
 
1

 
—

 
1,254

 
1,254

 
—

 
—

 
—

 
3.260
%
 
121087371
Bulverde
TX
 
1

 
—

 
1,537

 
1,537

 
—

 
—

 
—

 
3.000
%
Total Other
 
39

 
—

 
96,973

 
96,973

 
—

 
—

 
—

 
4.275
%
Unallocated Reserve for Losses
 
 
 
 
 
2,341

 
 
 
 
 
 
 
 

 
 

Total First Mortgage Loans on Real Estate
 
39

 
$
—

 
$
94,632

 
$
96,973

 
$
—

 
$
—

 
$
—

 
4.275
%

F-80

Ameriprise Certificate Company    SCHEDULE III

Mortgage Loans on Real Estate and Interest Earned on Mortgages (in thousands)
Year Ended December 31, 2014

Part 3 - Location of mortgaged properties
 
 
 
 
 
 
 
Carrying amount of mortgages (c)
 
Amount of principal unpaid at end of period
 
Amount of mortgages being foreclosed
State in which mortgaged property is located
 
Number of loans
 
Prior liens (b)
 
 
Total
 
Subject to delinquent interest (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Arizona
AZ
 
1
 
$
—

 
$
1,939

 
$
1,939

 
$
—

 
$
—

California
CA
 
5
 
—

 
14,795

 
14,795

 
—

 
—

Connecticut
CT
 
2
 
—

 
7,838

 
7,838

 
—

 
—

Florida
FL
 
3
 
—

 
14,809

 
14,809

 
—

 
—

Georgia
GA
 
6
 
—

 
10,296

 
10,296

 
—

 
—

Iowa
IA
 
2
 
—

 
2,039

 
2,039

 
—

 
—

Illinois
IL
 
1
 
—

 
1,139

 
1,139

 
—

 
—

Kansas
KS
 
1
 
—

 
1,179

 
1,179

 
—

 
—

North Carolina
NC
 
2
 
—

 
2,671

 
2,671

 
—

 
—

North Dakota
ND
 
1
 
—

 
7,084

 
7,084

 
—

 
—

New Hampshire
NH
 
1
 
—

 
2,263

 
2,263

 
—

 
—

Nevada
NV
 
1
 
—

 
5,668

 
5,668

 
—

 
—

New York
NY
 
2
 
—

 
4,932

 
4,932

 
—

 
—

Oregon
OR
 
3
 
—

 
6,191

 
6,191

 
—

 
—

Pennsylvania
PA
 
1
 
—

 
2,396

 
2,396

 
—

 
—

Texas
TX
 
5
 
—

 
8,590

 
8,590

 
—

 
—

Utah
UT
 
1
 
—

 
1,156

 
1,156

 
—

 
—

Virginia
VA
 
1
 
—

 
1,988

 
1,988

 
—

 
—

TOTAL
 
39
 
—

 
96,973

 
96,973

 
—

 
—

Unallocated Reserve for Losses
 
 
 
 
 
2,341

 
 
 
 
 
 
Total
 
39
 
$
—

 
$
94,632

 
$
96,973

 
$
—

 
$
—

NOTES:
(a) The classification “residential” includes single dwellings only.  Residential multiple dwellings are included in “apartment and business”.
(b) Real estate taxes and easements, which in the opinion of ACC are not undue burden on the properties, have been excluded from the determination of “prior liens”.
(c) In this Schedule III, carrying amount of mortgage loans represents unpaid principal balances plus unamortized premiums less unamortized discounts and reserve for loss.
(d) Interest in arrears for less than three months has been disregarded in computing the total amount of principal subject to delinquent interest.  The amounts of mortgage loans being foreclosed are also included in amounts subject to delinquent interest.
(e) Information as to interest due and accrued for the various classes within the types of mortgage loans is not readily available and the obtaining thereof would involve unreasonable effort and expense. ACC does not accrue interest on loans which are over three months delinquent.
(f) Information as to interest income by type and class of loan has been omitted because it is not readily available and the obtaining thereof would involve unreasonable effort and expense.  In lieu thereof, the average gross interest rates (exclusive of amortization of discounts and premiums) on mortgage loans held at December 31, 2014 are shown by type and class of loan.

F-81

Ameriprise Certificate Company    SCHEDULE III

Mortgage Loans on Real Estate and Interest Earned on Mortgages (in thousands)
Year Ended December 31, 2013

Part 1 - Mortgage loans on real estate at end of period
Part 2 - Interest earned on mortgages
 
 
 
 
 
 
 
 
 
 
 
Amount of principal unpaid at end of period
 
Amount of mortgages being foreclosed
 
Interest due and accrued at end of period (e)
 
Average gross rate of interest on mortgages held at end of period (f)
Loan No.
Description (a)
Property Location
 
Number of loans
 
Prior liens (b)
 
Carrying amount of mortgages (c)
 
Total
 
Subject to delinquent interest (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other - liens on:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Apartment and business:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Under $100
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
121047298
Rock Hill
SC
 
1

 
$
—

 
$
36

 
$
36

 
$
—

 
$
—

 
$
—

 
7.250
%
 
121047295
Concord
NC
 
1

 
—

 
50

 
50

 
—

 
—

 
—

 
7.000
%
 
121047289
Newport News
VA
 
1

 
—

 
79

 
79

 
—

 
—

 
—

 
6.900
%
Over $500:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
121047195
Pharr
TX
 
1

 
—

 
1,632

 
1,632

 
—

 
—

 
—

 
3.530
%
 
121047196
Pharr
TX
 
1

 
—

 
3,652

 
3,652

 
—

 
—

 
—

 
3.530
%
 
121047197
Alamo
TX
 
1

 
—

 
837

 
837

 
—

 
—

 
—

 
3.530
%
 
121047210
West Haven
CT
 
1

 
—

 
5,099

 
5,099

 
—

 
—

 
—

 
4.250
%
 
121047215
Urbandale
IA
 
1

 
—

 
1,369

 
1,369

 
—

 
—

 
—

 
3.750
%
 
121047216
Urbandale
IA
 
1

 
—

 
1,078

 
1,078

 
—

 
—

 
—

 
3.750
%
 
121047230
Houston
TX
 
1

 
—

 
1,543

 
1,543

 
—

 
—

 
—

 
5.110
%
 
121047262
Fargo
ND
 
1

 
—

 
7,515

 
7,515

 
—

 
—

 
—

 
5.440
%
 
121047329
Omaha
NE
 
1

 
—

 
903

 
903

 
—

 
—

 
—

 
6.750
%
 
121047342
Tucson
AZ
 
1

 
—

 
2,120

 
2,120

 
—

 
—

 
—

 
5.250
%
 
121047343
Durham
NC
 
1

 
—

 
1,814

 
1,814

 
—

 
—

 
—

 
4.000
%
 
121047354
San Diego
CA
 
1

 
—

 
4,562

 
4,562

 
—

 
—

 
—

 
3.270
%
 
121047356
Wood Dale
IL
 
1

 
—

 
1,899

 
1,899

 
—

 
—

 
—

 
4.030
%
 
121047357
Wauconda
IL
 
1

 
—

 
1,377

 
1,377

 
—

 
—

 
—

 
4.030
%
 
121047364
Kansas City
KS
 
1

 
—

 
1,214

 
1,214

 
—

 
—

 
—

 
3.110
%
 
121087187
Mebane
NC
 
1

 
—

 
2,974

 
2,974

 
—

 
—

 
—

 
5.690
%
 
121087245
Southport
CT
 
1

 
—

 
3,020

 
3,020

 
—

 
—

 
—

 
5.750
%
 
121087268
Sebring
FL
 
1

 
—

 
7,144

 
7,144

 
—

 
—

 
—

 
6.000
%
 
121087290
Doraville
GA
 
1

 
—

 
1,692

 
1,692

 
—

 
—

 
—

 
5.770
%
 
121087313
Orchard Park
NY
 
1

 
—

 
2,893

 
2,893

 
—

 
—

 
—

 
5.460
%
 
121087320
Kirkland
WA
 
1

 
—

 
2,872

 
2,872

 
—

 
—

 
—

 
3.560
%
 
121087327
Marietta
GA
 
1

 
—

 
2,050

 
2,050

 
—

 
—

 
—

 
3.410
%
 
121087337
Issaquah
WA
 
1

 
—

 
6,124

 
6,124

 
—

 
—

 
—

 
5.330
%
 
121087344
Norcross
GA
 
1

 
—

 
1,699

 
1,699

 
—

 
—

 
—

 
5.000
%
 
121087345
Henderson
NV
 
1

 
—

 
6,002

 
6,002

 
—

 
—

 
—

 
4.500
%
 
121087346
Independence
MO
 
1

 
—

 
1,497

 
1,497

 
—

 
—

 
—

 
4.380
%
 
121087347
Lawrenceville
GA
 
1

 
—

 
1,346

 
1,346

 
—

 
—

 
—

 
4.650
%
 
121087349
Carlsbad
CA
 
1

 
—

 
2,058

 
2,058

 
—

 
—

 
—

 
3.600
%
 
121087350
Norwalk
CA
 
1

 
—

 
4,257

 
4,257

 
—

 
—

 
—

 
4.670
%
 
121087351
Gardena
CA
 
1

 
—

 
1,609

 
1,609

 
—

 
—

 
—

 
4.450
%

F-82

Ameriprise Certificate Company    SCHEDULE III

Mortgage Loans on Real Estate and Interest Earned on Mortgages (in thousands)
Year Ended December 31, 2013

Part 1 - Mortgage loans on real estate at end of period
Part 2 - Interest earned on mortgages
 
 
 
 
 
 
 
 
 
 
 
Amount of principal unpaid at end of period
 
Amount of mortgages being foreclosed
 
Interest due and accrued at end of period (e)
 
Average gross rate of interest on mortgages held at end of period (f)
Loan No.
Description (a)
Property Location
 
Number of loans
 
Prior liens (b)
 
Carrying amount of mortgages (c)
 
Total
 
Subject to delinquent interest (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
121087352
Bedford
NH
 
1

 
—

 
2,321

 
2,321

 
—

 
—

 
—

 
4.860
%
 
121087353
Beaverton
OR
 
1

 
—

 
797

 
797

 
—

 
—

 
—

 
4.450
%
 
121087355
Oregon City
OR
 
1

 
—

 
1,806

 
1,806

 
—

 
—

 
—

 
3.460
%
 
121087358
Philadelphia
PA
 
1

 
—

 
2,467

 
2,467

 
—

 
—

 
—

 
3.590
%
 
121087359
Apex
NC
 
1

 
—

 
1,028

 
1,028

 
—

 
—

 
—

 
3.520
%
 
121087360
Sun City Center
FL
 
1

 
—

 
4,406

 
4,406

 
—

 
—

 
—

 
4.350
%
 
121087361
Oswego
OR
 
1

 
—

 
4,341

 
4,341

 
—

 
—

 
—

 
3.480
%
 
121087362
Atlanta
GA
 
1

 
—

 
2,383

 
2,383

 
—

 
—

 
—

 
3.580
%
 
121087365
Fairfax
VA
 
1

 
—

 
2,043

 
2,043

 
—

 
—

 
—

 
3.610
%
 
121087366
Murray
UT
 
1

 
—

 
1,280

 
1,280

 
—

 
—

 
—

 
3.310
%
 
121087367
Port Richey
FL
 
1

 
—

 
3,736

 
3,736

 
—

 
—

 
—

 
3.590
%
 
121087368
Norwich
NY
 
1

 
—

 
2,789

 
2,789

 
—

 
—

 
—

 
3.170
%
 
121087369
Ackworth
GA
 
1

 
—

 
1,708

 
1,708

 
—

 
—

 
—

 
3.290
%
 
121087370
La Jolla
CA
 
1

 
—

 
1,403

 
1,403

 
—

 
—

 
—

 
3.260
%
 
121087371
Bulverde
TX
 
1

 
—

 
1,688

 
1,688

 
—

 
—

 
—

 
3.000
%
Total Other
 
48

 
—

 
118,212

 
118,212

 
—

 
—

 
—

 
4.395
%
Unallocated Reserve for Losses
 
 
 
 
 
2,341

 
 
 
 
 
 
 
 

 
 

Total First Mortgage Loans on Real Estate
 
48

 
$
—

 
$
115,871

 
$
118,212

 
$
—

 
$
—

 
$
—

 
4.395
%




F-83

Ameriprise Certificate Company    SCHEDULE III

Mortgage Loans on Real Estate and Interest Earned on Mortgages (in thousands)
Year Ended December 31, 2013

Part 3 - Location of mortgaged properties
 
 
 
 
 
 
 
 
 
Amount of principal unpaid at end of period
 
Amount of mortgages being foreclosed
State in which mortgaged property is located
 
Number of loans
 
Prior liens (b)
 
Carrying amount of mortgages (c)
 
Total
 
Subject to delinquent interest (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Arizona
AZ
 
1
 
$
—

 
$
2,120

 
$
2,120

 
$
—

 
$
—

California
CA
 
5
 
—

 
13,890

 
13,890

 
—

 
—

Connecticut
CT
 
2
 
—

 
8,119

 
8,119

 
—

 
—

Florida
FL
 
3
 
—

 
15,286

 
15,286

 
—

 
—

Georgia
GA
 
6
 
—

 
10,878

 
10,878

 
—

 
—

Iowa
IA
 
2
 
—

 
2,447

 
2,447

 
—

 
—

Illinois
IL
 
2
 
—

 
3,276

 
3,276

 
—

 
—

Kansas
KS
 
1
 
—

 
1,214

 
1,214

 
—

 
—

Montana
MO
 
1
 
—

 
1,497

 
1,497

 
—

 
—

North Carolina
NC
 
4
 
—

 
5,865

 
5,865

 
—

 
—

North Dakota
ND
 
1
 
—

 
7,515

 
7,515

 
—

 
—

Nebraska
NE
 
1
 
—

 
903

 
903

 
—

 
—

New Hampshire
NH
 
1
 
—

 
2,321

 
2,321

 
—

 
—

Nevada
NV
 
1
 
—

 
6,002

 
6,002

 
—

 
—

New York
NY
 
2
 
—

 
5,682

 
5,682

 
—

 
—

Oregon
OR
 
3
 
—

 
6,944

 
6,944

 
—

 
—

Pennsylvania
PA
 
1
 
—

 
2,467

 
2,467

 
—

 
—

South Carolina
SC
 
1
 
—

 
36

 
36

 
—

 
—

Texas
TX
 
5
 
—

 
9,352

 
9,352

 
—

 
—

Utah
UT
 
1
 
—

 
1,280

 
1,280

 
—

 
—

Virginia
VA
 
2
 
—

 
2,122

 
2,122

 
—

 
—

Washington
WA
 
2
 
—

 
8,996

 
8,996

 
—

 
—

TOTAL
 
48
 
—

 
118,212

 
118,212

 
—

 
—

Unallocated Reserve for Losses
 
 
 
 
 
2,341

 
 
 
 
 
 
Total
 
48
 
$
—

 
$
115,871

 
$
118,212

 
$
—

 
$
—

NOTES:
(a) The classification “residential” includes single dwellings only.  Residential multiple dwellings are included in “apartment and business”.
(b) Real estate taxes and easements, which in the opinion of ACC are not undue burden on the properties, have been excluded from the determination of “prior liens”.
(c) In this Schedule III, carrying amount of mortgage loans represents unpaid principal balances plus unamortized premiums less unamortized discounts and reserve for loss.
(d) Interest in arrears for less than three months has been disregarded in computing the total amount of principal subject to delinquent interest.  The amounts of mortgage loans being foreclosed are also included in amounts subject to delinquent interest.
(e) Information as to interest due and accrued for the various classes within the types of mortgage loans is not readily available and the obtaining thereof would involve unreasonable effort and expense. ACC does not accrue interest on loans which are over three months delinquent.
(f) Information as to interest income by type and class of loan has been omitted because it is not readily available and the obtaining thereof would involve unreasonable effort and expense.  In lieu thereof, the average gross interest rates (exclusive of amortization of discounts and premiums) on mortgage loans held at December 31, 2013 are shown by type and class of loan.


F-84

Ameriprise Certificate Company    SCHEDULE III

Mortgage Loans on Real Estate and Interest Earned on Mortgages (in thousands)
Year Ended December 31, 2014


The average gross interest rates on mortgage loans held at December 31, 2014, 2013 and 2012 are summarized as follows:
 
 
2014
 
2013
 
2012
Combined average
 
4.275
%
 
4.395
%
 
4.612
%

(g)  Following is a reconciliation of the carrying amount of mortgage loans for the years ended December 31, 2014, 2013 and 2012.
 
 
2014
 
2013
 
2012
Balance at beginning of period
 
$
115,871

 
$
121,249

 
$
116,081

 
Deductions during period:
 
 

 
 

 
 

Collections of principal
 
22,788

 
14,884

 
21,522

Purchases and fundings
 
(1,549
)
 
(11,233
)
 
(26,690
)
Transfers
 
—

 
1,727

 
—

Total deductions
 
21,239

 
5,378

 
(5,168
)
Balance at end of period
 
$
94,632

 
$
115,871

 
$
121,249

(h)  The aggregate cost of mortgage loans for federal income tax purposes at December 31, 2014 was $96,973.
(i)  At December 31, 2014, an unallocated reserve for loss on first mortgage loans of $2,341 is recorded.


F-85

Ameriprise Certificate Company    SCHEDULE IV

Real Estate Owned and Rental Income (in thousands)
ACC held no real estate owned at December 31, 2014.
Rent from properties sold during the year ended December 31, 2014 were as follows:
 
 
 
 
 
 
 
 
Total rental
income
applicable 
to period
 
Expended for
interest, taxes,
repairs and
expenses
 
Net income
applicable 
to period
     Shaker (OH)
 
 
 
 
 
 
 
$
77

 
$
213

 
$
(136
)

 
 
Year Ended December 31, 2013
Classification of property
 
Initial cost 
to company
 
Cost of
improvements,
etc.
 
Amount at 
which carried 
at close of period
 
Total rental
income
applicable 
to period
 
Expended for
interest, taxes,
repairs and
expenses
 
Net income
applicable 
to period
 
 
(in thousands)
Apartments and business
 
 
 
 
 
 
 
 
 
 
 
 
     Shaker (OH)
 
$
1,727

 
$
—

 
$
1,727

 
$
26

 
$
12

 
$
14

 
 
 
 
 
 
 
 
 
 
 
 
 
Rent from properties sold during the period
     Plaza 6000 (CO)
 
 
 
 
 
 
 
$
184

 
$
199

 
$
(15
)

Reconciliation of real estate owned for the years ended December 31, 2014 and 2013:
Balance at January 1, 2013
$
1,927

Additions during period:
 

Foreclosure
1,727

Deductions during period:
 
Cost of real estate sold
(1,927
)
Balance at December 31, 2013
1,727

Deductions during period:
 
Cost of real estate sold
(1,727
)
Balance at December 31, 2014
$
—




F-86

Ameriprise Certificate Company    SCHEDULE V

Qualified Assets on Deposits (in thousands)
December 31, 2014
 
 
Investment Securities
 
 
 
 
 
 
Name of Depositary
 
Bonds and Notes (a)
 
Stocks (b)
 
Mortgage Loans (c)
 
Other (d)
 
Total
 
Deposits with states or their depositories to meet requirements of statutes and agreements:
Illinois - Secretary of State of Illinois
 
$
50

 
$
—

 
$
—

 
$
—

 
$
50

New Jersey - Commissioner of Banking and Insurance of New Jersey
 
53

 
—

 
—

 
—

 
53

Pennsylvania - Treasurer of the State of Pennsylvania
 
160

 
—

 
—

 
—

 
160

Texas - Treasurer of the State of Texas
 
100

 
—

 
—

 
—

 
100

Total State Deposits to meet requirements of statutes and agreements
 
363

 
—

 
—

 
—

 
363

Total Central Depository - Ameriprise Trust Company
 
4,250,182

 
6,523

 
94,632

 
57,247

 
4,408,584

Total Deposits
 
$
4,250,545

 
$
6,523

 
$
94,632

 
$
57,247

 
$
4,408,947

Notes:
(a)  Represents amortized cost of bonds, notes and cash equivalents.
(b)  Represents fair value of common stocks.
(c)  Represents unpaid principal balance of mortgage loans less unamortized discounts and reserve for losses.
(d)  Represents cost of warrants and syndicated loans.

Qualified Assets on Deposits (in thousands)
December 31, 2013
 
 
Investment Securities
 
 
 
 
 
 
Name of Depositary
 
Bonds and Notes (a)
 
Stocks (b)
 
Mortgage Loans (c)
 
Other (d)
 
Total
 
 
 
 
 
 
 
 
 
 
 
Deposits with states or their depositories to meet requirements of statutes and agreements:
Illinois - Secretary of State of Illinois
 
$
50

 
$
—

 
$
—

 
$
—

 
$
50

New Jersey - Commissioner of Banking and Insurance of New Jersey
 
53

 
—

 
—

 
—

 
53

Pennsylvania - Treasurer of the State of Pennsylvania
 
160

 
—

 
—

 
—

 
160

Texas - Treasurer of the State of Texas
 
115

 
—

 
—

 
—

 
115

Total State Deposits to meet requirements of statutes and agreements
 
378

 
—

 
—

 
—

 
378

Total Central Depository - Ameriprise Trust Company
 
4,058,728

 
6,323

 
115,871

 
15,370

 
4,196,292

Total Deposits
 
$
4,059,106

 
$
6,323

 
$
115,871

 
$
15,370

 
$
4,196,670

Notes:
(a)  Represents amortized cost of bonds, notes and cash equivalents.
(b)  Represents fair value of common stocks.
(c)  Represents unpaid principal balance of mortgage loans less unamortized discounts and reserve for losses.
(d)  Represents cost of warrants and syndicated loans.

F-87

Ameriprise Certificate Company    SCHEDULE VI


Certificate Reserves (in thousands)
Year Ended December 31, 2014

Part 1 - Summary of Changes
Description
Year Ended December 31, 2014
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
Installment certificates:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserves to mature:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
I-76
3.35

—

$
—

$
(1
)
 
$
—

$
—

$
—

 
$
—

$
—

$
—

 
—

$
—

$
(1
)
IC-Q-IN
1

36

1

 
—

1

—

 
—

(1
)
—

 
3

36

1

IC-I
4

59

44

 
—

4

—

 
—

(8
)
—

 
3

43

40

IC-I-EMP
1

6

11

 
—

1

—

 
—

—

—

 
1

6

12

Inst I95
2,585

—

20,661

 
—

5,206

69

 
(2,555
)
(7,507
)
—

 
1,920

—

15,874

Inst-E
20

—

274

 
—

58

1

 
(44
)
(152
)
—

 
12

—

137

 RP-Q-Installment
3

22

8

 
—

—

—

 
—

—

—

 
3

22

8

RP-Q-Flexible Payment
1

12

11

 
—

—

—

 
—

—

—

 
1

12

11

 RP-Q-Ins
2

12

2

 
—

—

—

 
—

—

—

 
2

12

2

 Inst-R
294

53,297

1,715

 
—

484

7

 
(30
)
(406
)
—

 
270

47,408

1,770

 Inst-R-E
3

42

25

 
—

5

—

 
—

(5
)
—

 
1

12

25

 Total
2,914

53,486

22,751

 
—

5,759

77

 
(2,629
)
(8,079
)
—

 
2,216

47,551

17,879

 Additional credits and accrued interest thereon:
  Inst I95
—

—

—

 
69

—

—

 
—

—

(69
)
 
—

—

—

  Inst-E
—

—

—

 
1

—

—

 
—

—

(1
)
 
—

—

—

  Inst-R
—

—

—

 
7

—

—

 
—

—

(7
)
 
—

—

—

 Total
—

—

—

 
77

—

—

 
—

—

(77
)
 
—

—

—

Res for accrued 3rd year 2113 - Installment Prod only.
—

—

203

 
30

(201
)
—

 
—

—

—

 
—

—

32

 Total
—

—

203

 
30

(201
)
—

 
—

—

—

 
—

—

32

Total Installment Certificates
2,914

53,486

22,954

 
107

5,558

77

 
(2,629
)
(8,079
)
(77
)
 
2,216

47,551

17,911

Single Pay - Non Qualified Certificates
 
 
 
 
 
 
 
 
 
 
 
 
 
 Single-Payment certificates:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 IC-2-84 - 115, 116,117,118,119
3.5

2

4

4

 
—

—

—

 
—

(2
)
—

 
1

2

2

 IC-2-85 - 120,121,122,123.124,125,126,127,128,129,130
3.5

1

14

14

 
—

—

—

 
—

—

—

 
1

14

14

 IC-Flexible Savings (Variable Term) - 165
68,313

1,304,487

1,374,559

 
—

514,443

10,770

 
(3,200
)
(511,423
)
—

 
64,341

1,323,771

1,385,149

 IC-Flexible Savings Emp (VT) - 166
68

647

824

 
—

8

4

 
(124
)
(149
)
—

 
45

466

563

 Cash Reserve Variable PMT-3mo. - 662
34,039

1,147,873

1,151,542

 
—

1,371,901

4,187

 
(1,873
)
(1,169,764
)
—

 
40,292

1,351,071

1,355,993

 IC-Stock Market - 180
23,221

183,110

201,837

 
—

30,697

2,911

 
(3,496
)
(42,134
)
—

 
20,731

173,338

189,815


F-88

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2014

Part 1 - Summary of Changes
Description
Year Ended December 31, 2014
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 IC-MSC - 181
12,986

234,180

260,586

 
—

26,049

3,353

 
—

(38,675
)
—

 
11,947

226,349

251,313

 Total
138,630

2,870,315

2,989,366

 
—

1,943,098

21,225

 
(8,693
)
(1,762,147
)
—

 
137,358

3,075,011

3,182,849

 Additional credits and accrued interest thereon:
 
 
 
 
 
 
 
 
 
 
 
 
 IC-2-84
3.5

—

—

2

 
—

—

—

 
—

(1
)
—

 
—

—

1

 IC-Flexible Savings
—

—

484

 
11,215

—

—

 
—

(487
)
(10,776
)
 
—

—

436

 IC-Preferred Investors
—

—

1

 
—

—

—

 
—

—

—

 
—

—

1

 IC-FS-EMP
—

—

1

 
6

—

—

 
—

(2
)
(4
)
 
—

—

1

 Cash Reserve Variable Payment-3mo.
—

—

162

 
4,764

—

—

 
—

(581
)
(4,191
)
 
—

—

154

IC-Stk Mkt, 2004/16/31-4000/16
—

—

26

 
42

—

—

 
—

(4
)
(40
)
 
—

—

24

IC-MSC
 
—

—

12

 
44

—

—

 
—

—

(44
)
 
—

—

12

 Total
 
—

—

688

 
16,071

—

—

 
—

(1,075
)
(15,055
)
 
—

—

629

 Accrued for additional credits to be allowed at next anniversaries:
 SP 75
 
—

—

(1
)
 
—

—

—

 
—

—

—

 
—

—

(1
)
 IC-Stock
 
—

—

2,913

 
2,467

—

—

 
—

(78
)
(2,872
)
 
—

—

2,430

 IC-Market Strategy Certificate - Part Int 2019/2102/4061
—

—

3,361

 
2,914

—

—

 
—

(115
)
(3,311
)
 
—

—

2,849

 Total
 
—

—

6,273

 
5,381

—

—

 
—

(193
)
(6,183
)
 
—

—

5,278

Total Single Pay - Non Qualified Certificates
138,630

2,870,315

2,996,327

 
21,452

1,943,098

21,225

 
(8,693
)
(1,763,415
)
(21,238
)
 
137,358

3,075,011

3,188,756

R-Series Single Pay - Qualified Certificates
 
 
 
 
 
 
 
 
 
 
 
 
 
 R-77 - 910
3.5

3

12

18

 
—

—

1

 
—

—

—

 
3

12

19

 R-78 - 911
3.5

7

43

57

 
—

—

2

 
—

—

—

 
7

43

59

 R-79 - 912
3.5

5

41

53

 
—

—

2

 
—

—

—

 
5

40

55

 R-80 - 913
3.5

5

26

30

 
—

—

1

 
—

—

—

 
5

26

31

 R-81 - 914
3.5

4

29

32

 
—

—

1

 
—

—

—

 
4

28

33

 R-82A - 915
3.5

16

68

65

 
—

—

2

 
—

(3
)
—

 
16

66

64

 RP-Q - 916
58

81

239

 
—

—

1

 
—

(32
)
—

 
54

71

208

 R-II - 920
3.5

13

103

78

 
—

—

3

 
—

(5
)
—

 
14

96

76

 RP-Flexible Savings - 971
27,488

557,194

581,991

 
—

137,711

4,541

 
(299
)
(174,511
)
—

 
25,704

528,481

549,433

 Cash Reserve RP-3 mo. - 972
7,076

202,819

204,600

 
—

347,885

749

 
(12
)
(267,394
)
—

 
10,298

284,994

285,828

 RP-Flexible Savings Emp - 973
25

340

436

 
—

—

4

 
(15
)
(129
)
—

 
17

224

296

 RP-Stock Market - 960
6,787

72,493

78,197

 
—

10,866

1,137

 
(219
)
(16,784
)
—

 
6,192

68,158

73,197

 Market Strategy Cert - 961
2,758

67,736

72,975

 
—

6,682

943

 
—

(11,641
)
—

 
2,610

64,242

68,959

 D-1 - 990-993
16

1,428

1,653

 
—

5

8

 
(26
)
(310
)
—

 
10

1,154

1,330

 Total
 
44,261

902,413

940,424

 
—

503,149

7,395

 
(571
)
(470,809
)
—

 
44,939

947,635

979,588

 Additional Interest on R-Series Single Payment Reserves:
 R-77
3.5

—

—

2

 
1

—

—

 
—

—

(1
)
 
—

—

2


F-89

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2014

Part 1 - Summary of Changes
Description
Year Ended December 31, 2014
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 R-78
3.5

—

—

2

 
2

—

—

 
—

—

(2
)
 
—

—

2

 R-79
3.5

—

—

2

 
2

—

—

 
—

—

(2
)
 
—

—

2

 R-80
3.5

—

—

—

 
1

—

—

 
—

—

(1
)
 
—

—

—

 R-81
3.5

—

—

1

 
1

—

—

 
—

—

(1
)
 
—

—

1

 R-82A
3.5

—

—

2

 
2

—

—

 
—

—

(2
)
 
—

—

2

 RP-Q
 
—

—

—

 
1

—

—

 
—

—

(1
)
 
—

—

—

 R-II
3.5

—

—

2

 
3

—

—

 
—

—

(3
)
 
—

—

2

 RP-Flexible Savings
—

—

194

 
4,607

—

—

 
—

(93
)
(4,541
)
 
—

—

167

 Cash Reserve RP-3 mo.
—

—

28

 
899

—

—

 
—

(145
)
(749
)
 
—

—

33

 RP-Flexible Savings Emp
—

—

—

 
4

—

—

 
—

—

(4
)
 
—

—

—

 RP-Stock Market
—

—

9

 
15

—

—

 
—

(1
)
(15
)
 
—

—

8

 Market Strategy Cert
—

—

8

 
15

—

—

 
—

—

(16
)
 
—

—

7

 D-1 - 400
 
11

32

—

 
12

—

—

 
—

(4
)
(8
)
 
10

9

—

 Total
 
11

32

250

 
5,565

—

—

 
—

(243
)
(5,346
)
 
10

9

226

Accrued for additional credits to be allowed at next anniversaries
 RP-Stock Market
—

—

1,112

 
948

—

—

 
—

(5
)
(1,122
)
 
—

—

933

 Market Strategy Cert
—

—

925

 
790

—

—

 
—

(20
)
(927
)
 
—

—

768

 Total
 
—

—

2,037

 
1,738

—

—

 
—

(25
)
(2,049
)
 
—

—

1,701

Total R-Series Single Pay - Qualified Certificates
44,272

902,445

942,711

 
7,303

503,149

7,395

 
(571
)
(471,077
)
(7,395
)
 
44,949

947,644

981,515

Fully Paid Up Certificates
 Paid-up certificates:
  I-76 - 640
3.5

—

—

41

 
1

—

—

 
(28
)
(1
)
—

 
—

—

13

 Total
 
—

—

41

 
1

—

—

 
(28
)
(1
)
—

 
—

—

13

 Additional credits and accrued interest thereon:
 
 
 
 
 
 
 
 
 
 
 
 
  I-76
3.5

11

42

4

 
—

—

—

 
(1
)
—

—

 
6

13

3

 Total
 
11

42

4

 
—

—

—

 
(1
)
—

—

 
6

13

3

Total Fully Paid-up Certificates
11

42

45

 
1

—

—

 
(29
)
(1
)
—

 
6

13

16


F-90

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2014

Part 1 - Summary of Changes
Description
Year Ended December 31, 2014
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
Optional Settlement Certificates
 
 
 
 
 
 


 
 
 
 
 
 
Other series and conversions from Single Payment Certificates
2.5-3-3-3.5

—

—

23,688

 
715

—

10

 
(2,556
)
(1,321
)
—

 
—

—

20,536

Series R-II & RP-2-84 - 88 - Prod 921
3.5

—

—

34

 
1

—

—

 
—

(1
)
—

 
—

—

34

Reserve Plus Single-Payment (Prod 150)
—

—

6

 
—

—

—

 
(6
)
—

—

 
—

—

—

Series R-Installment (Prod 980, 981,982)
—

—

18

 
—

—

—

 
—

(1
)
—

 
—

—

17

Add'l credits and accrued int. thereon
2.5 - 3

—

—

1,389

 
40

—

3

 
(219
)
(110
)
(11
)
 
—

—

1,092

Accrued for additional credits to be allowed at next anniversaries
—

—

—

 
2

—

—

 
—

—

(2
)
 
—

—

—

 Total Optional Settlement
—

—

25,135

 
758

—

13

 
(2,781
)
(1,433
)
(13
)
 
—

—

21,679

Due to unlocated cert holders
—

—

203

 
—

—

85

 
—

—

(142
)
 
—

—

146

 Total Certificate Reserves
185,827

$
3,826,288

$
3,987,375

 
$
29,621

$
2,451,805

$
28,795

 
$
(14,703
)
$
(2,244,005
)
$
(28,865
)
 
184,529

$
4,070,219

$
4,210,023


F-91

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2014

Part 2 - Descriptions of Additions to Reserves Charged to
Other Accounts and Deductions from Reserves Credited to other Accounts
Additional credits on installment certificates and accrued interest thereon:
Other additions represent:
 

Transfers from maturities to extended maturities, additional credits/interest and advance payments
$
77

Other deductions represent:
 

Transfers to reserves on a quarterly basis for Reserve Plus Flexible-Payment, IC-Q-Installment and R-Flexible-Payment
$
77

 


Optional settlement certificates:
 

Other additions represent:
 

Transfers from installment certificate reserves (less surrender charges), optional settlement privileges
$
10

Transfers from accruals for additional credits to be allowed at next anniversaries
3

 
$
13

  Other deductions represent:
 
    Transfers to reserve for additional credits and accrued interest thereon
$
2

    Transfers to optional settlement reserves
11

 
$
13

Single-Payment certificates:
 
Other additions represent:
 
Flexible Savings
$
10,770

Flexible Savings-Emp
4

Cash Reserve-3mo
4,187

Stock Market
2,911

Market Strategy
3,353

RP-Q
1

Cash Reserve-RP-3mo
749

Flexible Savings-RP
4,541

Flexible Savings-RP-Emp
4

Stock Market-RP
1,137

Market Strategy-RP
943

Transfers from accruals at anniversaries maintained in a separate reserve account
20

 
$
28,620

 
 

F-92

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2014

Part 2 - Descriptions of Additions to Reserves Charged to
Other Accounts and Deductions from Reserves Credited to other Accounts
Other deductions represent:
 
Transfers to optional settlement reserves:
 
Single-Payment
$
7,166

Transfers to reserves for additional credits and accrued interest thereon
(20
)
Flexible Savings
10,783

Flexible Savings-Emp
4

Cash Reserve-3mo
4,194

Stock Market
1

Market Strategy Cert
40

AEBI Stock Market
44

RP-Q
1

Cash Reserve-RP-3mo
749

Flexible Savings-RP
4,541

Flexible Savings-RP-Emp
4

Stock Market-RP
1,137

Transfers to Federal tax withholding
(11
)
 
$
28,633

Due to unlocated certificate holders:
 
Other additions represent:
 
Amounts equivalent to payments due certificates holders who could not be located
$
85

Other deductions represent:
 
Payments to certificate holders credited to cash
$
142


F-93

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2014

Part 3 - Information Regarding Installment Certificates
 
 
NUMBER OF 
ACCOUNTS W/ CERTIFICATE HOLDERS
 
AMOUNT OF 
MATURITY VALUE
 
AMOUNT OF RESERVES
 
DEDUCTION  FROM RESERVES CASH SURRENDERS  PRIOR TO MATURITY SURRENDER
 
OTHER
MO’s PAID
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
1-12
 
149

 
140

 
$
17,420

 
$
7,776

 
$
739

 
$
602

 
$
355

 
$
—

13-24
 
185

 
119

 
9,722

 
7,668

 
697

 
686

 
98

 
—

25-36
 
204

 
154

 
3,704

 
8,064

 
870

 
797

 
66

 
—

37-48
 
187

 
165

 
17,561

 
2,452

 
1,008

 
783

 
148

 
—

49-60
 
526

 
158

 
2,923

 
17,488

 
5,450

 
881

 
216

 
—

61-72
 
422

 
477

 
699

 
2,837

 
3,684

 
5,632

 
302

 
—

73-84
 
255

 
318

 
529

 
631

 
1,954

 
2,787

 
1,071

 
—

85-96
 
242

 
209

 
204

 
486

 
1,947

 
1,512

 
425

 
—

97-108
 
337

 
198

 
626

 
24

 
2,908

 
1,742

 
267

 
—

109-120
 
400

 
269

 
16

 
43

 
3,471

 
2,434

 
329

 
—

121-132
 
—

 
—

 
—

 
—

 
—

 
—

 
894

 
—

133-144
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

145-156
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

157-168
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

169-180
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

181-192
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

193-204
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

205-216
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

217-228
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

229-240
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

241-252
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

253-264
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

265-276
 
1

 
—

 
36

 
—

 
1

 
—

 
—

 
—

277-288
 
2

 
3

 
12

 
36

 
2

 
1

 
3

 
—

289-300
 
—

 
2

 
—

 
12

 
—

 
2

 
—

 
—

301-312
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

313-324
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

325-336
 
1

 
—

 
12

 
—

 
11

 
—

 
—

 
—

337-348
 
2

 
1

 
16

 
12

 
4

 
11

 
—

 
—

349-360
 
—

 
2

 
—

 
16

 
—

 
4

 
—

 
—

361-372
 
1

 
—

 
6

 
—

 
5

 
—

 
—

 
—

373-384
 
—

 
1

 
—

 
6

 
—

 
5

 
—

 
—

TOTAL - ALL SERIES
 
2,914

 
2,216

 
$
53,486

 
$
47,551

 
$
22,751

 
$
17,879

 
$
4,174

 
$
—





F-94

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2013

Part 1 - Summary of Changes
Description
Year Ended December 31, 2013
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
Installment certificates:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserves to mature:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
I-76
3.35

1

$
25

$
20

 
$
—

$
—

$
—

 
$
—

$
—

$
(21
)
 
—

$
—

$
(1
)
Reserve Plus Flex Payment
1

6

3

 
—

—

—

 
—

(3
)
—

 
—

—

—

IC-Q-IN
3

48

11

 
—

2

—

 
(5
)
(7
)
—

 
1

36

1

IC-I
4

59

38

 
—

6

—

 
—

—

—

 
4

59

44

IC-I-EMP
1

6

10

 
—

1

—

 
—

—

—

 
1

6

11

Inst I95
3,437

—

25,691

 
—

6,002

80

 
(2,917
)
(8,195
)
—

 
2,585

—

20,661

Inst-E
21

—

208

 
—

144

1

 
—

(79
)
—

 
20

—

274

 RP-Q-Installment
3

22

8

 
—

—

—

 
—

—

—

 
3

22

8

RP-Q-Flexible Payment
1

12

11

 
—

—

—

 
—

—

—

 
1

12

11

 RP-Q-Ins
2

12

2

 
—

—

—

 
—

—

—

 
2

12

2

 Inst-R
321

64,605

2,165

 
—

640

8

 
(355
)
(743
)
—

 
294

53,297

1,715

 Inst-R-E
3

42

20

 
—

5

—

 
—

—

—

 
3

42

25

 Total
3,798

64,837

28,187

 
—

6,800

89

 
(3,277
)
(9,027
)
(21
)
 
2,914

53,486

22,751

 Additional credits and accrued interest thereon:
  I-76
3.5

—

—

3

 
—

—

—

 
—

—

(3
)
 
—

—

—

  Inst I95
—

—

—

 
80

—

—

 
—

—

(80
)
 
—

—

—

  Inst-E
—

—

—

 
1

—

—

 
—

—

(1
)
 
—

—

—

  Inst-R
—

—

—

 
8

—

—

 
—

—

(8
)
 
—

—

—

 Total
—

—

3

 
89

—

—

 
—

—

(92
)
 
—

—

—

Res for accrued 3rd year 2113 - Installment Prod only.
—

—

238

 
192

(227
)
—

 
—

—

—

 
—

—

203

 Total
—

—

238

 
192

(227
)
—

 
—

—

—

 
—

—

203

Total Installment Certificates
3,798

64,837

28,428

 
281

6,573

89

 
(3,277
)
(9,027
)
(113
)
 
2,914

53,486

22,954

Single Pay - Non Qualified Certificates
 
 
 
 
 
 
 
 
 
 
 
 
 
 Single-Payment certificates:
 
 
 
 
 
 
 
 
 
 
 
 
 


 IC-2-84 - 115, 116,117,118,119
3.5

2

4

4

 
—

—

—

 
—

—

—

 
2

4

4

 IC-2-85 - 120,121,122,123,124,125,126,127,128,129,130
3.5

2

20

22

 
—

—

—

 
(8
)
—

—

 
1

14

14

 IC-2-87 - 132
3.5

1

4

5

 
—

—

—

 
(5
)
—

—

 
—

—

—

 IC-Flexible Savings (Variable Term) - 165
74,728

1,219,154

1,296,929

 
—

527,751

12,474

 
(2,241
)
(460,354
)
—

 
68,313

1,304,487

1,374,559

 IC-Flexible Savings Emp (VT) - 166
77

805

1,086

 
—

28

7

 
(8
)
(289
)
—

 
68

647

824

 IC-Preferred Investors - 250
2

558

576

 
—

—

1

 
—

(577
)
—

 
—

—

—


F-95

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2013

Part 1 - Summary of Changes
Description
Year Ended December 31, 2013
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 Cash Reserve Variable PMT-3mo. - 662
24,974

765,998

769,080

 
—

1,278,298

4,131

 
(610
)
(899,357
)
—

 
34,039

1,147,873

1,151,542

 IC-Future Value - 155
1

3

3

 
—

—

—

 
—

(3
)
—

 
—

—

—

 IC-Stock Market - 180
26,770

204,200

226,658

 
—

30,551

4,214

 
(4,558
)
(55,028
)
—

 
23,221

183,110

201,837

 IC-MSC - 181
14,229

249,543

276,398

 
—

27,733

4,632

 
—

(48,177
)
—

 
12,986

234,180

260,586

 Total
140,786

2,440,289

2,570,761

 
—

1,864,361

25,459

 
(7,430
)
(1,463,785
)
—

 
138,630

2,870,315

2,989,366

 Additional credits and accrued interest thereon:
 
 
 
 
 
 
 
 
 
 
 


 IC-2-84
3.5

—

—

2

 
—

—

—

 
—

—

—

 
—

—

2

 IC-Flexible Savings
—

—

541

 
12,963

—

—

 
—

(537
)
(12,483
)
 
—

—

484

 IC-Preferred Investors
—

—

1

 
2

—

—

 
—

(1
)
(1
)
 
—

—

1

 IC-FS-EMP
—

—

1

 
9

—

—

 
—

(2
)
(7
)
 
—

—

1

 Cash Reserve Variable Payment-3mo.
—

—

159

 
4,618

—

—

 
—

(479
)
(4,136
)
 
—

—

162

 IC-Future Value
—

—

8

 
(5
)
—

—

 
—

(3
)
—

 
—

—

—

IC-Stk Mkt, 2004/16/31-4000/16
—

—

36

 
47

—

—

 
—

(5
)
(52
)
 
—

—

26

IC-MSC
 
—

—

17

 
49

—

—

 
—

(1
)
(53
)
 
—

—

12

 Total
 
—

—

765

 
17,683

—

—

 
—

(1,028
)
(16,732
)
 
—

—

688

 Accrued for additional credits to be allowed at next anniversaries:
 SP 75
 
—

—

(1
)
 
—

—

—

 
—

—

—

 
—

—

(1
)
 IC-Stock
 
—

—

3,114

 
4,069

—

—

 
—

(103
)
(4,167
)
 
—

—

2,913

 IC-Market Strategy Certificate - Part Int 2019/2102/4061
—

—

3,363

 
4,727

—

—

 
—

(148
)
(4,581
)
 
—

—

3,361

 Total
 
—

—

6,476

 
8,796

—

—

 
—

(251
)
(8,748
)
 
—

—

6,273

Total Single Pay - Non Qualified Certificates
140,786

2,440,289

2,578,002

 
26,479

1,864,361

25,459

 
(7,430
)
(1,465,064
)
(25,480
)
 
138,630

2,870,315

2,996,327

R-Series Single Pay - Qualified Certificates
 
 
 
 
 
 
 
 
 
 
 
 


 R-77 - 910
3.5

3

12

17

 
—

—

1

 
—

—

—

 
3

12

18

 R-78 - 911
3.5

7

43

55

 
—

—

2

 
—

—

—

 
7

43

57

 R-79 - 912
3.5

6

44

55

 
—

—

2

 
—

(4
)
—

 
5

41

53

 R-80 - 913
3.5

5

26

29

 
—

—

1

 
—

—

—

 
5

26

30

 R-81 - 914
3.5

5

34

36

 
—

—

1

 
—

(5
)
—

 
4

29

32

 R-82A - 915
3.5

19

82

76

 
—

—

3

 
—

(14
)
—

 
16

68

65

 RP-Q - 916
62

87

256

 
—

—

1

 
—

(18
)
—

 
58

81

239

 R-II - 920
3.5

16

116

85

 
—

—

3

 
—

(10
)
—

 
13

103

78

 RP-Flexible Savings - 971
30,392

582,586

610,371

 
—

156,255

5,593

 
(177
)
(190,051
)
—

 
27,488

557,194

581,991

 Cash Reserve RP-3 mo. - 972
3,985

98,032

98,596

 
—

264,801

606

 
(1
)
(159,402
)
—

 
7,076

202,819

204,600

 RP-Flexible Savings Emp - 973
34

381

497

 
—

8

4

 
(13
)
(60
)
—

 
25

340

436


F-96

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2013

Part 1 - Summary of Changes
Description
Year Ended December 31, 2013
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 RP-Stock Market - 960
7,477

81,582

88,327

 
—

10,661

1,688

 
(370
)
(22,109
)
—

 
6,787

72,493

78,197

 Market Strategy Cert - 961
2,974

72,388

77,899

 
—

8,725

1,326

 
—

(14,975
)
—

 
2,758

67,736

72,975

 D-1 - 990-993
23

2,198

2,647

 
—

69

19

 
(636
)
(446
)
—

 
16

1,428

1,653

 Total
 
45,008

837,611

878,946

 
—

440,519

9,250

 
(1,197
)
(387,094
)
—

 
44,261

902,413

940,424

 Additional Interest on R-Series Single Payment Reserves:
 R-77
3.5

—

—

2

 
1

—

—

 
—

—

(1
)
 
—

—

2

 R-78
3.5

—

—

2

 
2

—

—

 
—

—

(2
)
 
—

—

2

 R-79
3.5

—

—

2

 
2

—

—

 
—

—

(2
)
 
—

—

2

 R-80
3.5

—

—

—

 
1

—

—

 
—

—

(1
)
 
—

—

—

 R-81
3.5

—

—

1

 
1

—

—

 
—

—

(1
)
 
—

—

1

 R-82A
3.5

—

—

2

 
3

—

—

 
—

—

(3
)
 
—

—

2

 RP-Q
 
—

—

—

 
1

—

—

 
—

—

(1
)
 
—

—

—

 R-II
3.5

—

—

2

 
3

—

—

 
—

—

(3
)
 
—

—

2

 RP-Flexible Savings
—

—

249

 
5,666

—

—

 
—

(128
)
(5,593
)
 
—

—

194

 Cash Reserve RP-3 mo.
—

—

20

 
696

—

—

 
—

(82
)
(606
)
 
—

—

28

 RP-Flexible Savings Emp
—

—

—

 
4

—

—

 
—

—

(4
)
 
—

—

—

 RP-Stock Market
—

—

14

 
18

—

—

 
—

(1
)
(22
)
 
—

—

9

 Market Strategy Cert
—

—

9

 
18

—

—

 
—

—

(19
)
 
—

—

8

 D-1 - 400
 
12

48

—

 
24

—

—

 
—

(5
)
(19
)
 
11

32

—

 Total
 
12

48

303

 
6,440

—

—

 
—

(216
)
(6,277
)
 
11

32

250

Accrued for additional credits to be allowed at next anniversaries
 
 
 
 
 
 
 
 
 
 
 
 RP-Stock Market
—

—

1,226

 
1,561

—

—

 
—

(9
)
(1,666
)
 
—

—

1,112

 Market Strategy Cert
—

—

956

 
1,313

—

—

 
—

(37
)
(1,307
)
 
—

—

925

 Total
 
—

—

2,182

 
2,874

—

—

 
—

(46
)
(2,973
)
 
—

—

2,037

Total R-Series Single Pay - Qualified Certificates
45,020

837,659

881,431

 
9,314

440,519

9,250

 
(1,197
)
(387,356
)
(9,250
)
 
44,272

902,445

942,711

Fully Paid Up Certificates
 Paid-up certificates:
  I-76 - 640
3.5

—

—

62

 
2

—

24

 
(22
)
(25
)
—

 
—

—

41

 Total
 
—

—

62

 
2

—

24

 
(22
)
(25
)
—

 
—

—

41

 Additional credits and accrued interest thereon:
 
 
 
 
 
 
 
 
 
 
 
 
  I-76
3.5

14

64

5

 
—

—

—

 
(1
)
—

—

 
11

42

4

 Total
 
14

64

5

 
—

—

—

 
(1
)
—

—

 
11

42

4

Total Fully Paid-up Certificates
14

64

67

 
2

—

24

 
(23
)
(25
)
—

 
11

42

45


F-97

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2013

Part 1 - Summary of Changes
Description
Year Ended December 31, 2013
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
Optional Settlement Certificates
Other series and conversions from Single Payment Certificates
2.5-3-3-3.5

—

—

26,187

 
797

—

38

 
(1,871
)
(1,463
)
—

 
—

—

23,688

Series R-II & RP-2-84 - 88 - Prod 921
3.5

—

—

46

 
1

—

—

 
—

(13
)
—

 
—

—

34

Reserve Plus Single-Payment (Prod 150)
—

—

28

 
—

—

—

 
(22
)
—

—

 
—

—

6

Reserve Plus Flex-Pay & IC-Q-Inst (Prod 650, 651, 652)
—

—

5

 
—

—

—

 
—

(5
)
—

 
—

—

—

Series R-Installment (Prod 980, 981,982)
—

—

19

 
—

—

—

 
—

(1
)
—

 
—

—

18

Add'l credits and accrued int. thereon
2.5 - 3

—

—

1,656

 
48

—

3

 
(167
)
(111
)
(40
)
 
—

—

1,389

Accrued for additional credits to be allowed at next anniversaries
—

—

—

 
2

—

—

 
—

—

(2
)
 
—

—

—

 Total Optional Settlement
—

—

27,941

 
848

—

41

 
(2,060
)
(1,593
)
(42
)
 
—

—

25,135

Due to unlocated cert holders
—

—

94

 
—

—

131

 
—

—

(22
)
 
—

—

203

 Total Certificate Reserves
189,618

$
3,342,849

$
3,515,963

 
$
36,924

$
2,311,453

$
34,994

 
$
(13,987
)
$
(1,863,065
)
$
(34,907
)
 
185,827

$
3,826,288

$
3,987,375


F-98

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2013

Part 2 - Descriptions of Additions to Reserves Charged to
Other Accounts and Deductions from Reserves Credited to other Accounts
Additional credits on installment certificates and accrued interest thereon:
 

Other additions represent:
 

Transfers from maturities to extended maturities, additional credits/interest and advance payments
$
90

Other deductions represent:
 

Transfers to reserves on a quarterly basis for Reserve Plus Flexible-Payment, IC-Q-Installment and R-Flexible-Payment
$
90

Transfers from accruals for additional credits to be allowed at next anniversaries
21

Conversions to paid-up certificates-credited to paid-up reserves
3

 
$
114

Paid-up certificates:
 
Other additions represent:
 
Conversions from installment certificate reserves (less surrender charges)
$
24

 


Optional settlement certificates:
 

Other additions represent:
 

Transfers from installment certificate reserves (less surrender charges), optional settlement privileges
$
39

Transfers from accruals for additional credits to be allowed at next anniversaries
2

 
$
41

  Other deductions represent:
 
    Transfers to reserve for additional credits and accrued interest thereon
$
2

    Transfers to optional settlement reserves
40

 
$
42

Single-Payment certificates:
 
Other additions represent:
 
Flexible Savings
$
12,474

Flexible Savings-Emp
7

Preferred Investors
1

Cash Reserve-3mo
4,131

Stock Market
4,214

Market Strategy
4,632

RP-Q
1

Cash Reserve-RP-3mo
606

Flexible Savings-RP
5,593

Flexible Savings-RP-Emp
4

Stock Market-RP
1,688

Market Strategy-RP
1,326

Transfers from accruals at anniversaries maintained in a separate reserve account
31

 
$
34,708

 
 

F-99

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2013

Part 2 - Descriptions of Additions to Reserves Charged to
Other Accounts and Deductions from Reserves Credited to other Accounts
Other deductions represent:
 
Transfers to optional settlement reserves:
 
Single-Payment
$
10,135

Transfers to reserves for additional credits and accrued interest thereon
(31
)
Flexible Savings
12,493

Flexible Savings-Emp
7

Preferred Investors
1

Investors
1

Cash Reserve-3mo
4,140

Stock Market
5

Market Strategy Cert
52

AEBI Stock Market
53

RP-Q
1

Cash Reserve-RP-3mo
606

Flexible Savings-RP
5,593

Flexible Savings-RP-Emp
4

Stock Market-RP
1,688

Transfers to Federal tax withholding
(19
)
 
$
34,729

Due to unlocated certificate holders:
 
Other additions represent:
 
Amounts equivalent to payments due certificates holders who could not be located
$
131

Other deductions represent:
 
Payments to certificate holders credited to cash
$
22


F-100

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2013

Part 3 - Information Regarding Installment Certificates
 
 
NUMBER OF 
ACCOUNTS W/
CERTIFICATE HOLDERS
 
AMOUNT OF 
MATURITY VALUE
 
AMOUNT OF RESERVES
 
DEDUCTION  FROM RESERVES CASH SURRENDERS  PRIOR TO MATURITY SURRENDER
 
OTHER
MO’s PAID
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2013
 
2013
1-12
 
226

 
149

 
$
21,598

 
$
17,420

 
$
880

 
$
739

 
$
118

 
$
—

13-24
 
248

 
185

 
8,024

 
9,722

 
890

 
697

 
60

 
—

25-36
 
235

 
204

 
29,033

 
3,704

 
1,253

 
870

 
161

 
—

37-48
 
593

 
187

 
3,150

 
17,561

 
4,983

 
1,008

 
234

 
—

49-60
 
490

 
526

 
1,054

 
2,923

 
3,696

 
5,450

 
459

 
—

61-72
 
340

 
422

 
559

 
699

 
2,676

 
3,684

 
347

 
—

73-84
 
283

 
255

 
222

 
529

 
2,476

 
1,954

 
802

 
—

85-96
 
418

 
242

 
1,050

 
204

 
3,602

 
1,947

 
296

 
—

97-108
 
517

 
337

 
22

 
626

 
4,027

 
2,908

 
603

 
—

109-120
 
433

 
400

 
—

 
16

 
3,644

 
3,471

 
609

 
—

121-132
 
—

 
—

 
—

 
—

 
—

 
—

 
926

 
—

133-144
 
3

 
—

 
—

 
—

 
1

 
—

 
—

 
—

145-156
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

157-168
 
1

 
—

 
—

 
—

 
1

 
—

 
—

 
—

169-180
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

181-192
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

193-204
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

205-216
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

217-228
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

229-240
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

241-252
 
1

 
—

 
6

 
—

 
6

 
—

 
—

 
—

253-264
 
1

 
—

 
36

 
—

 
—

 
—

 
—

 
—

265-276
 
2

 
1

 
12

 
36

 
2

 
1

 
2

 
—

277-288
 
—

 
2

 
—

 
12

 
—

 
2

 
—

 
—

289-300
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

301-312
 
1

 
—

 
6

 
—

 
6

 
—

 
—

 
—

313-324
 
2

 
—

 
37

 
—

 
32

 
—

 
—

 
21

325-336
 
2

 
1

 
16

 
12

 
4

 
11

 
—

 
—

337-348
 
—

 
2

 
—

 
16

 
—

 
4

 
—

 
—

349-360
 
2

 
—

 
12

 
—

 
8

 
—

 
—

 
—

361-372
 
—

 
1

 
—

 
6

 
—

 
5

 
—

 
—

TOTAL - ALL SERIES
 
3,798

 
2,914

 
$
64,837

 
$
53,486

 
$
28,187

 
$
22,751

 
$
4,617

 
$
21



F-101

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2012

Part 1 - Summary of Changes
Description
Year Ended December 31, 2012
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
Installment certificates:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserves to mature:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
I-76
3.35

3

$
55

$
50

 
$
1

$
—

$
—

 
$
(31
)
$
—

$
—

 
1

$
25

$
20

Reserve Plus Flex Payment
1

6

3

 
—

—

—

 
—

—

—

 
1

6

3

IC-Q-IN
8

96

47

 
—

2

—

 
(12
)
(26
)
—

 
3

48

11

IC-I
11

147

92

 
—

7

—

 
(12
)
(49
)
—

 
4

59

38

IC-I-EMP
4

90

41

 
—

1

—

 
—

(32
)
—

 
1

6

10

Inst I95
4,203

—

30,129

 
1

6,918

93

 
(1,942
)
(9,508
)
—

 
3,437

—

25,691

Inst-E
24

—

139

 
—

129

—

 
—

(60
)
—

 
21

—

208

RP-Q-Installment
3

22

8

 
—

—

—

 
—

—

—

 
3

22

8

RP-Q-Flexible Payment
1

12

11

 
—

—

—

 
—

—

—

 
1

12

11

RP-Q-Ins
2

12

2

 
—

—

—

 
—

—

—

 
2

12

2

Inst-R
305

52,918

2,044

 
—

994

8

 
(30
)
(851
)
—

 
321

64,605

2,165

Inst-R-E
5

648

23

 
—

7

—

 
—

(10
)
—

 
3

42

20

Total
4,570

54,006

32,589

 
2

8,058

101

 
(2,027
)
(10,536
)
—

 
3,798

64,837

28,187

Additional credits and accrued interest thereon:
I-76
3.5

—

—

5

 
—

—

—

 
(2
)
—

—

 
—

—

3

Inst I95
—

—

5

 
88

—

—

 
—

—

(93
)
 
—

—

—

Inst-R
—

—

—

 
8

—

—

 
—

—

(8
)
 
—

—

—

Total
—

—

10

 
96

—

—

 
(2
)
—

(101
)
 
—

—

3

Res for accrued 3rd year 2113 - Installment Prod only.
—

—

289

 
226

(277
)
—

 
—

—

—

 
—

—

238

Total
—

—

289

 
226

(277
)
—

 
—

—

—

 
—

—

238

Total installment certificates
4,570

54,006

32,888

 
324

7,781

101

 
(2,029
)
(10,536
)
(101
)
 
3,798

64,837

28,428

Single Pay - Non Qualified Certificates
Single-Payment certificates:
 
 
 
 
 
 
 
 
 
 
 
 
 
IC-2-84 - 115,116,117,118,119
3.5

2

4

4

 
—

—

—

 
—

—

—

 
2

4

4

IC-2-85 - 120,121,122,123,124,125,126,127,128,129,130
3.5

2

20

22

 
—

—

—

 
—

—

—

 
2

20

22

IC-2-87 - 132
3.5

1

4

5

 
—

—

—

 
—

—

—

 
1

4

5

IC-Flexible Savings (Variable Term) - 165
82,028

1,160,441

1,247,196

 
—

427,738

12,597

 
(1,297
)
(389,305
)
—

 
74,728

1,219,154

1,296,929

IC-Flexible Savings Emp (VT) - 166
111

1,063

1,456

 
—

7

11

 
(224
)
(164
)
—

 
77

805

1,086


F-102

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2012

Part 1 - Summary of Changes
Description
Year Ended December 31, 2012
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
IC-Preferred Investors - 250
2

558

574

 
—

—

2

 
—

—

—

 
2

558

576

Cash Reserve Variable PMT-3mo. - 662
12,201

65,211

67,998

 
—

865,575

1,132

 
(635
)
(164,990
)
—

 
24,974

765,998

769,080

IC-Future Value - 155
1

3

3

 
—

—

—

 
—

—

—

 
1

3

3

IC-Stock Market - 180
32,110

233,991

262,252

 
—

32,154

3,872

 
(6,544
)
(65,076
)
—

 
26,770

204,200

226,658

IC-MSC - 181
15,508

258,705

287,470

 
—

32,652

3,742

 
—

(47,466
)
—

 
14,229

249,543

276,398

Total
141,966

1,720,000

1,866,980

 
—

1,358,126

21,356

 
(8,700
)
(667,001
)
—

 
140,786

2,440,289

2,570,761

Additional credits and accrued interest thereon:
IC-2-84
3.5

—

—

2

 
—

—

—

 
—

—

—

 
—

—

2

IC-Flexible Savings
—

—

548

 
13,232

—

—

 
—

(630
)
(12,609
)
 
—

—

541

IC-Preferred Investors
—

—

—

 
4

—

—

 
—

(1
)
(2
)
 
—

—

1

IC-FS-EMP
—

—

1

 
14

—

—

 
—

(3
)
(11
)
 
—

—

1

Cash Reserve Variable Payment-3 mo.
—

—

13

 
1,290

—

—

 
—

(10
)
(1,134
)
 
—

—

159

IC-Future Value
—

—

7

 
1

—

—

 
—

—

—

 
—

—

8

IC-Stk Mkt, 2004/16/31-4000/16
—

—

49

 
72

—

—

 
—

(6
)
(79
)
 
—

—

36

IC-MSC
—

—

18

 
57

—

—

 
—

(1
)
(57
)
 
—

—

17

Total
—

—

638

 
14,670

—

—

 
—

(651
)
(13,892
)
 
—

—

765

Accrued for additional credits to be allowed at next anniversaries:
SP 75
—

—

(1
)
 
—

—

—

 
—

—

—

 
—

—

(1
)
IC-Stock
—

—

1,207

 
5,788

—

—

 
—

(83
)
(3,798
)
 
—

—

3,114

IC-Market Strategy Certificate - Part Int 2019/2102/4061
—

—

1,331

 
5,838

—

—

 
—

(118
)
(3,688
)
 
—

—

3,363

Total
—

—

2,537

 
11,626

—

—

 
—

(201
)
(7,486
)
 
—

—

6,476

Total Single Payment - Non Qualified Certificates
141,966

1,720,000

1,870,155

 
26,296

1,358,126

21,356

 
(8,700
)
(667,853
)
(21,378
)
 
140,786

2,440,289

2,578,002

R-Series Single Pay - Qualified Certificates:
R-77 - 910
3.5

4

14

20

 
—

—

1

 
—

(4
)
—

 
3

12

17

R-78 - 911
3.5

8

48

60

 
—

—

2

 
—

(7
)
—

 
7

43

55

R-79 - 912
3.5

8

46

56

 
—

—

2

 
—

(3
)
—

 
6

44

55

R-80 - 913
3.5

8

44

49

 
—

—

2

 
—

(22
)
—

 
5

26

29

R-81 - 914
3.5

6

36

36

 
—

—

1

 
—

(1
)
—

 
5

34

36

R-82A - 915
3.5

20

85

77

 
—

—

3

 
—

(4
)
—

 
19

82

76

RP-Q - 916
 
67

94

274

 
—

—

1

 
—

(19
)
—

 
62

87

256

R-II - 920
18

121

86

 
—

—

3

 
—

(4
)
—

 
16

116

85

RP-Flexible Savings - 971
33,623

610,539

642,620

 
—

159,276

6,468

 
(59
)
(197,934
)
—

 
30,392

582,586

610,371

Cash Reserve RP-3mo. - 972
1,797

9,518

10,159

 
—

112,573

166

 
(98
)
(24,204
)
—

 
3,985

98,032

98,596

RP-Flexible Savings Emp - 973
42

449

608

 
—

—

6

 
—

(117
)
—

 
34

381

497


F-103

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2012

Part 1 - Summary of Changes
Description
Year Ended December 31, 2012
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
RP-Stock Market - 960
8,342

91,469

99,361

 
—

13,194

1,510

 
(421
)
(25,317
)
—

 
7,477

81,582

88,327

Market Strategy Cert - 961
3,214

78,756

85,034

 
—

9,267

1,112

 
—

(17,514
)
—

 
2,974

72,388

77,899

D-1 - 990-993
27

2,464

3,055

 
—

174

25

 
—

(607
)
—

 
23

2,198

2,647

Total
47,184

793,683

841,495

 
—

294,484

9,302

 
(578
)
(265,757
)
—

 
45,008

837,611

878,946

Additional Interest on R-Series Single Payment Reserves:
R-77
3.5

—

—

2

 
1

—

—

 
—

—

(1
)
 
—

—

2

R-78
3.5

—

—

2

 
2

—

—

 
—

—

(2
)
 
—

—

2

R-79
3.5

—

—

2

 
2

—

—

 
—

—

(2
)
 
—

—

2

R-80
3.5

—

—

1

 
1

—

—

 
—

—

(2
)
 
—

—

—

R-81
3.5

—

—

1

 
1

—

—

 
—

—

(1
)
 
—

—

1

R-82A
3.5

—

—

2

 
3

—

—

 
—

—

(3
)
 
—

—

2

RP-Q
 
—

—

—

 
1

—

—

 
—

—

(1
)
 
—

—

—

R-II
3.5

—

—

2

 
3

—

—

 
—

—

(3
)
 
—

—

2

RP-Flexible Savings
—

—

277

 
6,618

—

—

 
—

(178
)
(6,468
)
 
—

—

249

Cash Reserve RP-3 mo. Plus
—

—

3

 
184

—

—

 
—

(1
)
(166
)
 
—

—

20

RP-Flexible Savings Emp
—

—

—

 
6

—

—

 
—

—

(6
)
 
—

—

—

RP-Stock Market
—

—

17

 
25

—

—

 
—

(1
)
(27
)
 
—

—

14

Market Strategy Cert
—

—

10

 
19

—

—

 
—

—

(20
)
 
—

—

9

D-1 - 400
13

48

(1
)
 
32

—

—

 
—

(6
)
(25
)
 
12

48

—

Total
13

48

318

 
6,898

—

—

 
—

(186
)
(6,727
)
 
12

48

303

Accrued for additional credits to be allowed at next anniversaries:
RP-Stock Market
—

—

431

 
2,284

—

—

 
—

(6
)
(1,483
)
 
—

—

1,226

Market Strategy Cert
—

—

394

 
1,687

—

—

 
—

(33
)
(1,092
)
 
—

—

956

Total
—

—

825

 
3,971

—

—

 
—

(39
)
(2,575
)
 
—

—

2,182

Total Single Payment - Qualified
47,197

793,731

842,638

 
10,869

294,484

9,302

 
(578
)
(265,982
)
(9,302
)
 
45,020

837,659

881,431

Fully Paid Up Certificates
Paid up certificates:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  I-76 - 640
3.5

—

—

229

 
4

—

—

 
(170
)
(1
)
—

 
—

—

62

Total
 
—

—

229

 
4

—

—

 
(170
)
(1
)
—

 
—

—

62

Additional credits and accrued interest thereon:
  I-76
3.5

40

234

17

 
—

—

—

 
(12
)
—

—

 
14

64

5

Total
 
40

234

17

 
—

—

—

 
(12
)
—

—

 
14

64

5

Total Fully Paid-up Certificates
40

234

246

 
4

—

—

 
(182
)
(1
)
—

 
14

64

67


F-104

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2012

Part 1 - Summary of Changes
Description
Year Ended December 31, 2012
Yield to maturity on an annual payment basis
Balance at beginning of period
 
Additions
 
Deductions
 
Balance at close of period
Number of accounts with security holders
Amount of maturity value
Amount of reserves
 
Charged to profit and loss or income
Reserve payments by certificate holders
Charged to other accounts (per part 2)
 
Maturities
Cash surrenders prior to maturity
Credited to other accounts (per part 2)
 
Number of accounts with security holders
Amount of maturity value
Amount of reserves
Optional Settlement Certificates
Other series and conversions from Single Payment certificates
2.5-3-3-3.5

—

—

29,660

 
893

—

57

 
(2,258
)
(2,165
)
—

 
—

—

26,187

Series R-II & RP-2-84-88 - Prod 921
—

—

—

47

 
2

—

—

 
(3
)
—

—

 
—

—

46

Reserve Plus Single- Payment (Prod 150)
—

—

50

 
—

—

—

 
(11
)
(11
)
—

 
—

—

28

Reserve Plus Flex-Pay & IC-Q-Inst (Prod 650, 651, 652)
—

—

11

 
—

—

—

 
—

(6
)
—

 
—

—

5

Series R-Installment (Prod 980, 981, 982)
—

—

19

 
—

—

—

 
—

—

—

 
—

—

19

Add'l credits and accrued int. thereon
—

—

2,084

 
59

—

3

 
(178
)
(254
)
(58
)
 
—

—

1,656

Accrued for additional credits to be allowed at next anniversaries
—

—

—

 
3

—

—

 
—

—

(3
)
 
—

—

—

Total Optional Settlement
—

—

31,871

 
957

—

60

 
(2,450
)
(2,436
)
(61
)
 
—

—

27,941

Due to unlocated certificate holders
—

—

139

 
—

—

40

 
—

—

(85
)
 
—

—

94

Total Certificate Reserves
193,773

$
2,567,971

$
2,777,937

 
$
38,450

$
1,660,391

$
30,859

 
$
(13,939
)
$
(946,808
)
$
(30,927
)
 
189,618

$
3,342,849

$
3,515,963




F-105

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2012

Part 2 - Descriptions of Additions to Reserves Charged to
Other Accounts and Deductions from Reserves Credited to other Accounts
Additional credits on installment certificates and accrued interest thereon:
Other additions represent:
 

Transfers from maturities to extended maturities, additional credits/interest and advance payments
$
102

Other deductions represent:
 

Transfers to reserves on a quarterly basis for Reserve Plus Flexible- Payment, IC-Q-Installment and R-Flexible-Payment
$
102

Optional settlement certificates:
 

Other additions represent:
 

Transfers from installment certificate reserves (less surrender charges), single-payment and Series D certificate reserves upon election of optional settlement privileges
$
57

Transfers from accruals for additional credits to be allowed at next anniversaries
3

 
$
60

Other deductions represent:
 
Transfers to reserve for additional credits and accrued interest thereon
$
3

Transfers to optional settlement reserves
58

 
$
61

Single-Payment certificates:
 
Other additions represent:
 
Flexible Savings
$
12,596

Flexible Savings-Emp
11

Preferred Investors
2

Cash Reserve-3mo
1,132

Stock Market
3,872

Market Strategy
3,742

RP-Q
1

Cash Reserve-RP-3mo
166

Flexible Savings-RP
6,468

Flexible Savings-RP-Emp
6

Stock Market-RP
1,510

Market Strategy-RP
1,112

Transfers from accruals at anniversaries maintained in a separate reserve account
38

 
$
30,656

 
 

F-106

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2012

Part 2 - Descriptions of Additions to Reserves Charged to
Other Accounts and Deductions from Reserves Credited to other Accounts
Single-Payment certificates continued:
Other deductions represent:
 
Transfers to optional settlement reserves:
 
Single-Payment
$
8,672

Transfers to reserves for additional credits and accrued interest thereon
(38
)
Flexible Savings
12,621

Flexible Savings-Emp
11

Preferred Investors
2

Investors
2

Cash Reserve-3mo
1,136

Stock Market
5

Market Strategy Cert
79

AEBI Stock Market
57

RP-Q
1

Cash Reserve-RP-3mo
166

Flexible Savings-RP
6,468

Flexible Savings-RP-Emp
6

Stock Market-RP
1,510

Transfers to Federal tax withholding
(19
)
 
$
30,679

Due to unlocated certificate holders:
 
Other additions represent:
 
Amounts equivalent to payments due certificates holders who could not be located
$
41

Other deductions represent:
 
Payments to certificate holders credited to cash
$
85



F-107

Ameriprise Certificate Company    SCHEDULE VI

Certificate Reserves (in thousands)
Year Ended December 31, 2012

Part 3 - Information Regarding Installment Certificates
 
 
NUMBER OF 
ACCOUNTS W/
CERTIFICATE HOLDERS
 
AMOUNT OF 
MATURITY VALUE
 
AMOUNT OF RESERVES
 
DEDUCTION  FROM RESERVES CASH SURRENDERS  PRIOR TO MATURITY SURRENDER
 
OTHER
MO’s PAID
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2012
 
2012
1-12
 
323

 
226

 
$
10,677

 
$
21,598


$
1,900

 
$
880

 
$
929

 
$
—

13-24
 
274

 
248

 
29,178

 
8,024

 
1,124

 
890

 
172

 
—

25-36
 
676

 
235

 
3,305

 
29,033

 
4,120

 
1,253

 
110

 
—

37-48
 
534

 
593

 
1,314

 
3,150

 
3,465

 
4,983

 
313

 
—

49-60
 
387

 
490

 
704

 
1,054

 
2,659

 
3,696

 
189

 
—

61-72
 
376

 
340

 
489

 
559

 
3,445

 
2,676

 
262

 
—

73-84
 
499

 
283

 
1,655

 
222

 
4,198

 
2,476

 
1,146

 
—

85-96
 
628

 
418

 
324

 
1,050

 
4,608

 
3,602

 
556

 
—

97-108
 
512

 
517

 
5,984

 
22

 
4,312

 
4,027

 
754

 
—

109-120
 
328

 
433

 
—

 
—

 
2,551

 
3,644

 
321

 
—

121-132
 
3

 
—

 
—

 
—

 
—

 
—

 
571

 
—

133-144
 
—

 
3

 
—

 
—

 
—

 
1

 
—

 
—

145-156
 
1

 
—

 
—

 
—

 
1

 
—

 
—

 
—

157-168
 
—

 
1

 
—

 
—

 
—

 
1

 
—

 
—

169-180
 
1

 
—

 
—

 
—

 
1

 
—

 
—

 
—

181-192
 
2

 
—

 
72

 
—

 
23

 
—

 
—

 
—

193-204
 
3

 
—

 
28

 
—

 
24

 
—

 
—

 
—

205-216
 
4

 
—

 
66

 
—

 
35

 
—

 
15

 
—

217-228
 
1

 
—

 
6

 
—

 
1

 
—

 
26

 
—

229-240
 
4

 
—

 
42

 
—

 
21

 
—

 
1

 
—

241-252
 
1

 
1

 
36

 
6

 
1

 
6

 
16

 
—

253-264
 
2

 
1

 
12

 
36

 
2

 
—

 
2

 
—

265-276
 
—

 
2

 
—

 
12

 
—

 
2

 
—

 
—

277-288
 
2

 
—

 
12

 
—

 
20

 
—

 
—

 
—

289-300
 
1

 
—

 
6

 
—

 
5

 
—

 
8

 
—

301-312
 
1

 
1

 
12

 
6

 
11

 
6

 
—

 
—

313-324
 
3

 
2

 
41

 
37

 
24

 
32

 
—

 
—

325-336
 
—

 
2

 
—

 
16

 
—

 
4

 
—

 
—

337-348
 
2

 
—

 
12

 
—

 
8

 
—

 
—

 
—

349-360
 
2

 
2

 
31

 
12

 
30

 
8

 
—

 
—

TOTAL - ALL SERIES
 
4,570

 
3,798

 
$
54,006

 
$
64,837

 
$
32,589

 
$
28,187

 
$
5,391

 
$
—





F-108

Ameriprise Certificate Company    SCHEDULE VII


Valuation and Qualifying Accounts
Years Ended December 31, 2014, 2013 and 2012
(in thousands)

Year ended December 31, 2014
 
 
 
 
Deductions
 
Balance at end of period
Reserves deducted from assets to which they apply
 
Balance at beginning of period
 
Change in reserves/writedowns from 2013 to 2014
 
Allowance for losses:
 
 

 
 

 
 

Conventional first mortgage loans and other loans
 
$
4,461

 
(997
)
 
$
3,464


Year ended December 31, 2013
 
 
 
 
Deductions
 
Balance at end of period
Reserves deducted from assets to which they apply
 
Balance at beginning of period
 
Change in reserves/writedowns from 2012 to 2013
 
Allowance for losses:
 
 

 
 

 
 

Conventional first mortgage loans and other loans
 
$
5,660

 
(1,199
)
 
$
4,461


Year ended December 31, 2012
 
 
 
 
Deductions
 
Balance at end of period
Reserves deducted from assets to which they apply
 
Balance at beginning of period
 
Change in reserves/writedowns from 2011 to 2012
 
Allowance for losses:
 
 

 
 

 
 

Conventional first mortgage loans and other loans
 
$
6,739

 
(1,079
)
 
$
5,660



F-109


EXHIBIT INDEX
The following exhibits are filed as part of this Annual Report:

Exhibit    Description
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
3(a)
Amended and Restated Certificate of Incorporation of American Express Certificate Company, dated August 1, 2005, filed electronically on or about March 10, 2006 as Exhibit 3(a) to Registrant's Form 10-K is incorporated by reference.
3(b)
By-Laws of Ameriprise Certificate Company, filed electronically on or about November 5, 2010 as Exhibit 3(b) to Registrant's Form 10-K, are incorporated herein by reference.
10(a)
Investment Advisory and Services Agreement, dated Dec. 31, 2006, between Registrant and Columbia Management Investment Advisers, LLC (formerly RiverSource Investments, LLC), filed electronically on or about Feb 26, 2007 as Exhibit 10(a) to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference.
10(b)
Distribution Agreement, dated Dec. 31, 2006, between Registrant and Ameriprise Financial Services, Inc. filed electronically on or about Feb. 26, 2007 as Exhibit 1 to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference, as amended by that certain restated Exhibit A, effective September 19, 2014, filed on or about November 3, 2014 as Exhibit 10(b) to Registrant’s Form 10-Q, is incorporated herein by reference.
10(c)
Depositary and Custodial Agreement, dated Dec. 31, 2006, between Registrant and Ameriprise Trust Company, filed electronically on or about Feb. 26, 2007 as Exhibit 10(c) to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference, as amended effective December 15, 2008, filed on or about May 5, 2014 as exhibit 10(c)i to Registrant’s Form 10-Q, is incorporated herein by reference.
10(d)
Transfer Agent Agreement, dated Dec. 31, 2006 between Registrant and Columbia Management Investment Services Corp. (formerly RiverSource Client Service Corporation), filed electronically on or about Feb. 26, 2007 as Exhibit 10(e) to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference, as amended effective January 1, 2013, filed on or about February 27, 2013 as exhibit 10(d) to Registrant’s Form 10-K, is incorporated herein by reference.
10(e)
Administration and Services Agreement, dated October 1, 2005 between Columbia Management Investment Advisers, LLC (formerly RiverSource Investments, LLC) and Ameriprise Financial, Inc. filed electronically on or about March 10, 2006 as Exhibit 10(s) to Registrant’s Form 10-K is incorporated by reference.
10(f)
Capital Support Agreement by and between Ameriprise Financial, Inc. and Ameriprise Certificate Company, dated as of March 2, 2009, filed electronically on or about March 3, 2009 as Exhibit 10(f) to Registrant’s Form 10-K is incorporated by reference, as amended effective April 30, 2014, filed on or about May 5, 2014 as exhibit 10(f)i to Registrant’s Form 10-Q, is incorporated herein by reference.
14(a)
Code of Ethics under Rule 17j-1 for Ameriprise Certificate Company effective August 21, 2013, filed on or about November 4, 2013 as Exhibit14(a) to Registrant’s Form 10-K, is incorporated herein by reference.
14(b)*
Code of Ethics adopted under Rule 17j-1 for Registrant’s investment adviser, dated December 9, 2014, is filed herewith as Exhibit (14)(b) to Registrant’s Form 10-K.
14(c)*
Code of Ethics under Rule 17j-1 for Registrant’s underwriter, dated December 2014, is filed herewith as Exhibit (14)(c) to Registrant’s Form 10-K.
24(a)
Directors’ Power of Attorney, dated February 26, 2014, filed on or about February 26, 2014 as Exhibit 24 (a) to Registrant’s Form 10-K, is incorporated herein by reference.
31.1*
Certification of Abu M. Arif pursuant to Rule 13a-14(a) promulgated under the Securities Exchange Act of 1934, as amended.
31.2*
Certification of Ross P. Palacios pursuant to Rule 13a-14(a) promulgated under the Securities Exchange Act of 1934, as amended.
32.1*
Certification of Abu M. Arif and Ross P. Palacios pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
____________________________________________________
* Filed electronically herewithin.

E-1