Bank of America 2000 Annual Report Download - page 33

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Consolidated Balance Sheet
Bank of America Corporation and Subsidiaries
31
At December 31
(Dollars in millions) 2000 1999
Assets
Cash and cash equivalents $ 27,513 $ 26,989
Time deposits placed and other short-term investments 5,448 4,838
Federal funds sold and securities purchased under agreements to resell 28,055 37,928
Trading account assets 43,041 38,460
Derivative-dealer assets 15,534 16,055
Securities:
Available-for-sale 64,651 81,647
Held-to-maturity, at cost (market value – $1,133 and $1,270) 1,187 1,422
Total securities 65,838 83,069
Loans and leases 392,193 370,662
Allowance for credit losses (6,838) (6,828)
Loans and leases, net of allowance for credit losses 385,355 363,834
Premises and equipment, net 6,433 6,713
Customers’ acceptance liability 1,972 1,869
Interest receivable 4,432 3,777
Mortgage servicing rights 3,762 4,093
Goodwill 11,643 12,262
Core deposits and other intangibles 1,499 1,730
Other assets 41,666 30,957
Total assets $ 642,191 $ 632,574
Liabilities
Deposits in domestic offices:
Noninterest-bearing $ 98,722 $ 93,476
Interest-bearing 211,978 207,048
Deposits in foreign offices:
Noninterest-bearing 1,923 1,993
Interest-bearing 51,621 44,756
Total deposits 364,244 347,273
Federal funds purchased and securities sold under agreements to repurchase 49,411 74,561
Trading account liabilities 20,947 20,958
Derivative-dealer liabilities 22,402 16,200
Commercial paper 6,955 7,331
Other short-term borrowings 35,243 40,340
Acceptances outstanding 1,972 1,869
Accrued expenses and other liabilities 20,887 19,169
Long-term debt 67,547 55,486
Trust preferred securities 4,955 4,955
Total liabilities 594,563 588,142
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and
outstanding – 1,692,172 and 1,797,702 shares 72 77
Common stock, $0.01 par value; authorized – 5,000,000,000 shares; issued and
outstanding – 1,613,632,036 and 1,677,273,267 shares 8,613 11,671
Retained earnings 39,815 35,681
Accumulated other comprehensive loss (746) (2,658)
Other (126) (339)
Total shareholders’ equity 47,628 44,432
Total liabilities and shareholders’ equity $ 642,191 $ 632,574
Refer to the Bank of America Corporation 2000 Annual Report on Form 10-K, which will be issued in March 2001, for a complete set of consolidated financial statements.