Available for Sale Securities and Other Investments

6 Months Ended

May 31, 2019

Available for Sale Securities and Other Investments

The amortized cost, gross unrealized gains and losses and estimated fair value of investments classified as available for sale are as follows (in thousands):



	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
November 30, 2018
Bonds and notes:
U.S. government securities	$	1,073,038	$	1	$	183	$	1,072,856
Residential mortgage-backed securities	211,209		376		1,067		210,518
Commercial mortgage-backed securities	16,068		—		426		15,642
Other asset-backed securities	111,447		1		578		110,870
Total Available for sale securities	$	1,411,762	$	378	$	2,254	$	1,409,886

Proceeds from the maturities and sales of available for sale securities during the six months ended May 31, 2019, were primarily invested in prime and government money market funds, which are classified as Cash and cash equivalents in the Consolidated Statement of Financial Condition at May 31, 2019.

At May 31, 2019 and November 30, 2018, the Company had other investments (classified as Other assets and Loans to and investments in associated companies) in which fair values are not readily determinable, aggregating $210.1 million and $230.0 million, respectively. There were no unrealized gains, losses or impairments recognized on these investments during the six months ended May 31, 2019 and June 30, 2018.