Note 5 – Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities

a) Financial assets at fair value through profit or loss are presented in the following table:


	12/31/2018							12/31/2017
	Gross carrying amount		Adjustments to Fair Value (in Income)			Fair value		Gross carrying amount		Adjustments to Fair Value (in Income)			Fair value
Investment funds		5,253		(927	)		4,326		4,135		(622	)		3,513
Brazilian government securities ^(1a)		215,956		1,102			217,058		207,418		426			207,844
Government securities – abroad ^(1b)		2,070		9			2,079		3,917		32			3,949
Argentina		1,121		8			1,129		1,446		20			1,466
Chile		301		1			302		57		—			57
Colombia		207		0			207		2,080		12			2,092
United States		117		0			117		100		—			100
Mexico		120		0			120		5		—			5
Paraguay		1		0			1		3		—			3
Uruguay		84		0			84		193		—			193
Italy		115		0			115		—		—			—
Other		4		0			4		33		—			33
Corporate securities ^(1c)		38,953		(505	)		38,448		33,816		(175	)		33,641
Shares		9,778		(332	)		9,446		6,080		(121	)		5,959
Bank deposit certificates		969		0			969		335		—			335
Securitized real estate loans		1,391		20			1,411		1,779		16			1,795
Debentures		5,147		(187	)		4,960		3,290		(74	)		3,216
Eurobonds and other		1,403		(7	)		1,396		684		4			688
Financial credit bills		19,724		0			19,724		21,170		—			21,170
Promissory notes		435		0			435		391		—			391
Other		106		1			107		87		—			87

Total		262,232		(321	)		261,911		249,286		(339	)		248,947

1)	Financial assets at fair value through profit or loss – Securities pledged as Guarantee of Funding of Financial Institutions and Clients were: a) R$ 30,114 (R$ 30,325 at 12/31/2017), b) R$ 131 (R$ 46 at 12/31/2017) and c) (R$ 28 at 12/31/2017), totaling R$ 30,245 (R$ 30,399 at 12/31/2017).

The cost and fair value of Financial Assets at Fair Value Through Profit or Loss are as follows:


	12/31/2018				12/31/2017
	Gross carrying amount		Fair value		Gross carrying amount		Fair value
Current		53,382		52,096		50,174		49,512
Non-stated maturity		15,031		13,772		10,214		9,469
Up to one year		38,351		38,324		39,960		40,043
Non-current		208,850		209,815		199,112		199,435
From one to five years		153,256		153,701		147,700		147,805
From five to ten years		44,258		44,620		41,279		41,499
After ten years		11,336		11,494		10,133		10,131

Total		262,232		261,911		249,286		248,947

Financial Assets at Fair Value Through Profit or Loss include assets with a fair value of R$ 188,069 (R$ 169,178 at 12/31/2017) that belong to investment funds wholly owned by Itaú Vida e Previdência S.A. The return of those assets (positive or negative) is fully transferred to customers of our PGBL and VGBL private pension plans whose premiums (less fees charged by us) are used by our subsidiary to purchase quotas of those investment funds.

b) Financial assets designated at fair value through profit or loss are presented in the following table:

12/31/2018

Gross
carrying
amount

Adjustments to
Fair Value (in Income)

Fair value

Brazilian external debt bonds

1,232

1,269

Total

1,232

1,269

12/31/2017

Gross
carrying
amount

Adjustments to
Fair Value (in Income)

Fair value

Brazilian external debt bonds

1,670

1,746

Total

1,670

1,746

The cost and fair value by maturity of financial assets designated as fair value through profit or loss were as follows:

12/31/2018

12/31/2017

Gross
carrying
amount

Fair value

Gross
carrying
amount

Fair value

Current

765

799

1,006

1,041

Up to one year

765

799

1,006

1,041

Non-current

467

470

664

705

From one to five years

467

470

664

705