Derivatives The carrying amount of derivatives approximated fair value and was represented by the estimated unrealized losses as determined by quoted market prices. This value generally reflects the estimated amounts that the Corporation would have paid to terminate the interest rate swaps, currency swaps and f/x contracts at the respective dates, taking into account the forward yield curve on the swaps and the forward rates on the currency swaps and f/x contracts. These derivatives are included in other liabilities on the balance sheet.  2002 2001 Carrying  Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial Assets Cash and cash equivalents $ 918,778 $ 918,778 $ 707,238 $ 707,238 Securities available for sale 4,423,677 4,423,677 3,115,891 3,115,891 Net loans 26,133,652 26,133,652 20,081,014 20,081,014 Interest receivable 217,512 217,512 105,459 105,459 Accounts receivable from securitizations 3,096,827 3,096,827 2,452,548 2,452,548 Derivatives 435,383 435,383 91,474 91,474 Financial Liabilities Interest-bearing deposits $ 17,325,965 $ 18,260,362 $ 12,838,968 $ 13,223,954 Senior notes 5,565,615 5,432,411 5,335,229 5,237,220 Other borrowings 6,365,075 6,446,669 3,995,528 4,047,865 Interest payable 236,081 236,081 188,160 188,160 Derivatives 500,471 500,471 199,976 199,976 International Activities Note V The Company’s international activities are primarily performed through Capital One Bank (Europe) plc, a subsidiary bank of the Bank that provides consumer lending and other financial products in Europe and Capital One Bank - Canada Branch, a foreign branch office of the Bank that provides consumer lending products in Canada. The total assets, revenue, income before income taxes and net income of the international operations are summarized below. 74 2002 2001 2000 Domestic Total assets $ 34,420,099 $ 25,254,438 $ 15,719,760 Revenue (1) 7,604,075 5,738,433 4,430,700 Income before income taxes 1,436,706 1,064,420 906,732 Net income 899,429 660,809 562,174 International Total assets 2,962,281 2,929,609 3,169,581 Revenue (1) 581,873 475,471 287,292 Income before income taxes 14,333 (29,000) (149,258) Net income (loss) 215 (18,844) (92,540) Total Company Total assets $ 37,382,380 $ 28,184,047  $ 18,889,341 Revenue (1) 8,185,948 6,213,904  4,717,992 Income before income taxes 1,451,039 1,035,420  757,474 Net income 899,644 641,965  469,634 $^{(1) }$Revenue equals net interest income plus non-interest income.