Bank of America 2004 Annual Report Download - page 91

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Table VI
Non-exchange Traded Commodity Contract Maturities
December 31, 2004
Asset Liability
(Dollars in millions) Positions Positions
Maturity of less than 1 year $ 1,741 $ 1,688
Maturity of 1-3 years 3,946 3,353
Maturity of 4-5 years 862 751
Maturity in excess of 5 years 95 109
Gross fair value of contracts 6,644 5,901
Effects of legally enforceable master netting agreements (4,449) (4,449)
Net fair value of contracts outstanding $ 2,195 $ 1,452
Table V
Non-exchange Traded Commodity Contracts
Asset Liability
(Dollars in millions) Positions Positions
Net fair value of contracts outstanding, January 1, 2004 $ 1,724 $ 1,473
Effects of legally enforceable master netting agreements 3,344 3,344
Gross fair value of contracts outstanding, January 1, 2004 5,068 4,817
Contracts realized or otherwise settled (2,196) (2,347)
Fair value of new contracts(1) 2,129 1,991
Other changes in fair value 1,643 1,440
Gross fair value of contracts outstanding, December 31, 2004 6,644 5,901
Effects of legally enforceable master netting agreements (4,449) (4,449)
Net fair value of contracts outstanding, December 31, 2004 $ 2,195 $ 1,452
(1) Includes the fair value of $0 of asset and $4 of liability positions of new contracts assumed in the Merger.
90 BANK OF AMERICA 2004