Bank of America 2002 Annual Report Download - page 68

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66 BANK OF AMERICA 2002
(Dollars in millions)
Daily VAR and Trading-related Revenue
12/31/01 3/31/02 6/30/02 9/30/02 12/31/02
Daily Trading-
related Revenue
VAR
-80
60
0
-20
-40
-60
20
40
80
TABLE XIV Trading Risk and Return
TABLE XV Non-Exchange Traded Commodity Contracts
Asset Liability
(Dollars in millions)
Positions Positions
Net fair value of contracts outstanding at January 1, 2002 $ 1,328 $ 1,010
Effects of legally enforceable master netting agreements 2,625 2,625
Gross fair value of contracts outstanding at January 1, 2002 3,953 3,635
Contracts realized or otherwise settled (2,238) (2,068)
Fair value of new contracts 3,211 3,403
Other changes in fair value (10) (53)
Gross fair value of contracts outstanding at December 31, 2002 4,916 4,917
Effects of legally enforceable master netting agreements (3,452) (3,452)
Net fair value of contracts outstanding at December 31, 2002 $ 1,464 $ 1,465
TABLE XVI Non-Exchange Traded Commodity Contract Maturities
December 31, 2002
Asset Liability
(Dollars in millions)
Positions Positions
Maturity less than 1 year $ 2,385 $ 2,570
Maturity 1-3 years 1,806 1,679
Maturity 4-5 years 282 226
Maturity in excess of 5 years 443 442
Gross fair value of contracts $ 4,916 $ 4,917
Effects of legally enforceable master netting agreements (3,452) (3,452)
Net fair value of contracts $ 1,464 $ 1,465