Bank of America 2005 Annual Report Download - page 158

BANK OF AMERICA CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements—(Continued)
Long-term Debt
The following table presents Long-term Debt at December 31, 2005 and 2004:
December 31
(Dollars in millions) 2005 2004 (Restated)
Notes issued by Bank of America Corporation(1)
Senior notes:
Fixed, ranging from 0.73% to 9.25%, due 2006 to 2043 ............................................. $ 36,357 34,218
Floating, ranging from 0.20% to 6.41%, due 2006 to 2041 ........................................... 19,050 15,452
Subordinated notes:
Fixed, ranging from 3.95% to 10.20%, due 2006 to 2037 ............................................ 20,596 22,688
Floating, 4.29%, due 2019 ...................................................................... 10 10
Junior subordinated notes (related to trust preferred securities):
Fixed, ranging from 5.25% to 11.45%, due 2026 to 2035 ............................................ 10,337 7,582
Floating, ranging from 4.87% to 5.54%, due 2027 to 2033 ........................................... 1,922 1,957
Total notes issued by Bank of America Corporation ...................................... 88,272 81,907
Notes issued by Bank of America, N.A. and other subsidiaries(1)
Senior notes:
Fixed, ranging from 0.93% to 17.20%, due 2006 to 2033 ............................................ 1,096 927
Floating, ranging from 1.00% to 5.49%, due 2006 to 2051 ........................................... 4,985 5,569
Subordinated notes:
Fixed, ranging from 5.75% to 7.38%, due 2006 to 2009 ............................................. 1,871 2,186
Floating, 4.54%, due 2019 ...................................................................... 88
Total notes issued by Bank of America, N.A. and other subsidiaries ....................... 7,960 8,690
Notes issued by NB Holdings Corporation(1)
Junior subordinated notes (related to trust preferred securities):
Fixed, ranging from 7.95% to 8.06%, due 2026 .................................................... 515 515
Floating, 5.16%, due 2027 ...................................................................... 258 258
Total notes issued by NB Holdings Corporation .......................................... 773 773
Other debt
Advances from the Federal Home Loan Bank of Atlanta
Fixed, ranging from 4.16% to 5.87%, due 2006 to 2007 ............................................. 2,750 2,750
Advances from the Federal Home Loan Bank of New York
Fixed, ranging from 4.00% to 8.29%, due 2006 to 2016 ............................................. 296 638
Advances from the Federal Home Loan Bank of Seattle
Fixed, ranging from 5.45% to 7.42%, due 2006 to 2031 ............................................. 578 2,081
Advances from the Federal Home Loan Bank of Boston
Fixed, ranging from 1.00% to 7.72%, due 2006 to 2025 ............................................. 178 230
Other ........................................................................................... 41 47
Total other debt ......................................................................... 3,843 5,746
Total long-term debt ................................................................. $100,848 $97,116
(1) Rates and maturity dates reflect outstanding debt at December 31, 2005.
The majority of the floating rates are based on three- and six-month London InterBank Offered Rates (LIBOR).
Bank of America Corporation and Bank of America, N.A. maintain various domestic and international debt programs to
offer both senior and subordinated notes. The notes may be denominated in U.S. dollars or foreign currencies. At
December 31, 2005 and 2004, the amount of foreign currency denominated debt translated into U.S. dollars included in
total long-term debt was $23.1 billion and $16.2 billion. Foreign currency contracts are used to convert certain foreign
currency denominated debt into U.S. dollars.
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