Bank of America 2002 Annual Report Download - page 67

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BANK OF AMERICA 2002 65BANK OF AMERICA 2002 65
TABLE XIII Exposure Exceeding One Percent of Total Assets(1,2)
Exposure
Public Private Total as a Percentage
(Dollars in millions)
December 31 Sector Banks Sector Exposure of Total Assets
United Kingdom 2002 $ 167 $ 3,554 $11,320 $15,041 2.28%
2001 139 2,807 8,889 11,835 1.90
2000 355 1,962 6,167 8,484 1.32
Germany 2002 363 2,898 3,761 7,022 1.06
2001 2,118 2,571 2,251 6,940 1.12
2000 2,188 2,249 2,062 6,499 1.01
Canada 2002 933 682 4,045 5,660 0.86
2001 652 331 4,385 5,368 0.86
2000 1,038 409 5,973 7,420 1.16
Japan 2002 2,191 537 888 3,616 0.55
2001 1,319 676 889 2,884 0.46
2000 4,925 599 883 6,407 1.00
(1) Exposure includes cross-border claims by the Corporation’s foreign offices as follows: loans, accrued interest receivable, acceptances, time deposits placed, trading account assets,
securities, derivative assets, other interest-earning investments and other monetary assets. Amounts also include unused commitments, standby letters of credit, commercial letters of
credit and formal guarantees.
(2) Sector definitions are based on the FFIEC instructions for preparing the Country Exposure Report.
TABLE XII Allocation of the Allowance for Credit Losses
At December 31
2002 2001 2000 1999 1998
(Dollars in millions)
Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent
Commercial – domestic $ 2,392 34.9 $ 1,974 28.7 $ 1,993 29.1 $ 1,875 27.4 $ 1,540 21.6
Commercial – foreign 886 12.9 766 11.1 796 11.6 930 13.6 1,327 18.6
Commercial real estate – domestic 439 6.4 924 13.5 989 14.5 927 13.6 925 13.0
Commercial real estate – foreign 9 0.2 8 0.1 7 0.1 11 0.2 – –
Total commercial 3,726 54.4 3,672 53.4 3,785 55.3 3,743 54.8 3,792 53.2
Residential mortgage 108 1.6 145 2.1 151 2.2 160 2.3 137 1.9
Home equity lines 49 0.7 83 1.2 77 1.1 60 0.9 46 0.6
Direct/Indirect consumer 361 5.3 367 5.4 320 4.7 355 5.2 474 6.7
Consumer finance 323 4.7 433 6.3 722 10.6 712 10.4 711 10.0
Credit card 1,031 15.0 821 11.9 549 8.0 348 5.1 501 7.0
Foreign consumer 9 0.1 10 0.1 11 0.2 11 0.2 26 0.4
Total consumer 1,881 27.4 1,859 27.0 1,830 26.8 1,646 24.1 1,895 26.6
General 1,244 18.2 1,344 19.6 1,223 17.9 1,439 21.1 1,435 20.2
Total $ 6,851 100.0 $ 6,875 100.0 $ 6,838 100.0 $ 6,828 100.0 $ 7,122 100.0