Bank of America 2004 Annual Report Download - page 98

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BANK OF AMERICA 2004 97
December 31
(Dollars in millions) 2004 2003
Assets
Cash and cash equivalents $ 28,936 $ 27,084
Time deposits placed and other short-term investments 12,361 8,051
Federal funds sold and securities purchased under agreements to resell
(includes $91,243 and $76,446 pledged as collateral) 91,360 76,492
Trading account assets (includes $38,929 and $18,722 pledged as collateral) 93,587 68,547
Derivative assets 30,235 29,009
Securities:
Available-for-sale (includes $45,127 and $20,858 pledged as collateral) 194,743 66,382
Held-to-maturity, at cost (market value – $329 and $254) 330 247
Total securities 195,073 66,629
Loans and leases 521,837 371,463
Allowance for loan and lease losses (8,626) (6,163)
Loans and leases, net of allowance 513,211 365,300
Premises and equipment, net 7,517 6,036
Mortgage servicing rights 2,482 2,762
Goodwill 45,262 11,455
Core deposit intangibles and other intangibles 3,887 908
Other assets 86,546 57,210
Total assets $ 1,110,457 $ 719,483
Liabilities
Deposits in domestic offices:
Noninterest-bearing $ 163,833 $ 118,495
Interest-bearing 396,645 262,032
Deposits in foreign offices:
Noninterest-bearing 6,066 3,035
Interest-bearing 52,026 30,551
Total deposits 618,570 414,113
Federal funds purchased and securities sold under agreements to repurchase 119,741 78,046
Trading account liabilities 36,654 26,844
Derivative liabilities 17,928 15,062
Commercial paper and other short-term borrowings 78,598 34,980
Accrued expenses and other liabilities
(includes $402 and $416 of reserve for unfunded lending commitments) 41,243 27,115
Long-term debt 98,078 75,343
Total liabilities 1,010,812 671,503
Commitments and contingencies (Notes 8 and 12)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and
outstanding – 1,090,189 and 2,539,200 shares 271 54
Common stock and additional paid-in capital, $0.01 par value; authorized – 7,500,000,000 and
5,000,000,000 shares; issued and outstanding – 4,046,546,212 and 2,882,287,572 shares 44,236 29
Retained earnings 58,006 50,198
Accumulated other comprehensive income (loss) (2,587) (2,148)
Other (281) (153)
Total shareholders’ equity 99,645 47,980
Total liabilities and shareholders’ equity $ 1,110,457 $ 719,483
See accompanying Notes to Consolidated Financial Statements.
Consolidated Balance Sheet
Bank of America Corporation and Subsidiaries