Bank of America 2001 Annual Report Download - page 81

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BANK OF AMERICA 2001 ANNUAL REPORT
79
December 31
(Dollars in millions)
2001 2000
Assets
Cash and cash equivalents $ 26,837 $ 27,513
Time deposits placed and other short-term investments 5,932 5,448
Federal funds sold and securities purchased under agreements to resell (includes $27,910
and $24,622 pledged as collateral) 28,108 28,055
Trading account assets (includes $22,550 and $21,216 pledged as collateral) 47,344 43,041
Derivative assets 22,147 15,534
Securities:
Available-for-sale (includes $37,422 and $40,674 pledged as collateral) 84,450 64,651
Held-to-maturity, at cost (market value – $1,009 and $1,133) 1,049 1,187
Total securities 85,499 65,838
Loans and leases 329,153 392,193
Allowance for credit losses (6,875) (6,838)
Loans and leases, net of allowance for credit losses 322,278 385,355
Premises and equipment, net 6,414 6,433
Interest receivable 2,800 4,432
Mortgage banking assets 3,886 3,762
Goodwill 10,854 11,643
Core deposits and other intangibles 1,294 1,499
Other assets 58,371 43,638
Total assets $621,764 $ 642,191
Liabilities
Deposits in domestic offices:
Noninterest-bearing $112,064 $ 98,722
Interest-bearing 220,703 211,978
Deposits in foreign offices:
Noninterest-bearing 1,870 1,923
Interest-bearing 38,858 51,621
Total deposits 373,495 364,244
Federal funds purchased and securities sold under agreements to repurchase 47,727 49,411
Trading account liabilities 19,452 20,947
Derivative liabilities 14,868 22,402
Commercial paper 1,558 6,955
Other short-term borrowings 20,659 35,243
Accrued expenses and other liabilities 27,459 22,859
Long-term debt 62,496 67,547
Trust preferred securities 5,530 4,955
Total liabilities 573,244 594,563
Commitments and contingencies (Notes Twelve and Fifteen)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and
outstanding – 1,514,478 and 1,692,172 shares 65 72
Common stock, $0.01 par value; authorized – 5,000,000,000 shares; issued and
outstanding – 1,559,297,220 and 1,613,632,036 shares 5,076 8,613
Retained earnings 42,980 39,815
Accumulated other comprehensive income (loss) 437 (746)
Other (38) (126)
Total shareholders’ equity 48,520 47,628
Total liabilities and shareholders’ equity $621,764 $ 642,191
See accompanying notes to consolidated financial statements.
Consolidated Balance Sheet
Bank of America Corporation and Subsidiaries