Bank of America 2005 Annual Report Download - page 126

BANK OF AMERICA CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheet
December 31
(Dollars in millions) 2005 2004 (Restated)
Assets
Cashandcashequivalents ........................................................... $ 36,999 $ 28,936
Time deposits placed and other short-term investments .................................. 12,800 12,361
Federal funds sold and securities purchased under agreements to resell (includes $148,299
and $91,243 pledged as collateral) ................................................... 149,785 91,360
Trading account assets (includes $68,223 and $38,929 pledged as collateral) ................ 131,707 93,587
Derivative assets ................................................................... 23,712 30,235
Securities:
Available-for-sale (includes $116,659 and $45,127 pledged as collateral) ................ 221,556 194,743
Held-to-maturity, at cost (market value—$47 and $329) ............................. 47 330
Total securities ............................................................. 221,603 195,073
Loansandleases ................................................................... 573,791 521,813
Allowance for loan and lease losses .................................................... (8,045) (8,626)
Loans and leases, net of allowance ............................................ 565,746 513,187
Premises and equipment, net ......................................................... 7,786 7,517
Mortgage servicing rights ............................................................ 2,806 2,481
Goodwill .......................................................................... 45,354 45,262
Core deposit intangibles and other intangibles .......................................... 3,194 3,887
Other assets ....................................................................... 90,311 86,546
Total assets ....................................................... $1,291,803 $1,110,432
Liabilities
Deposits in domestic offices:
Noninterest-bearing ............................................................. $ 179,571 $ 163,833
Interest-bearing ................................................................ 384,155 396,645
Deposits in foreign offices:
Noninterest-bearing ............................................................. 7,165 6,066
Interest-bearing ................................................................ 63,779 52,026
Total deposits .............................................................. 634,670 618,570
Federal funds purchased and securities sold under agreements to repurchase ............... 240,655 119,741
Trading account liabilities ........................................................... 50,890 36,654
Derivative liabilities ................................................................ 15,000 17,928
Commercial paper and other short-term borrowings ..................................... 116,269 78,598
Accrued expenses and other liabilities (includes $395 and $402 of reserve for unfunded
lendingcommitments)............................................................. 31,938 41,590
Long-term debt ..................................................................... 100,848 97,116
Total liabilities ........................................................ 1,190,270 1,010,197
Commitments and contingencies (Notes 9 and 13)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized—100,000,000 shares; issued and
outstanding—1,090,189 shares ..................................................... 271 271
Common stock and additional paid-in capital, $0.01 par value; authorized—7,500,000,000
shares; issued and outstanding—3,999,688,491 and 4,046,546,212 shares ................ 41,693 44,236
Retainedearnings .................................................................. 67,552 58,773
Accumulated other comprehensive income (loss) ........................................ (7,556) (2,764)
Other ............................................................................. (427) (281)
Total shareholders’ equity ............................................. 101,533 100,235
Total liabilities and shareholders’ equity ........................... $1,291,803 $1,110,432
See accompanying Notes to Consolidated Financial Statements.
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