Bank of America 2006 Annual Report Download - page 103
Download and view the complete annual report
Please find page 103 of the 2006 Bank of America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
 |
 |
Consolidated Balance Sheet
Bank of America Corporation and Subsidiaries
December 31
(Dollars in millions) 2006 2005
Assets
Cash and cash equivalents
$ 36,429
$ 36,999
Time deposits placed and other short-term investments
13,952
12,800
Federal funds sold and securities purchased under agreements to resell (includes
$135,409
and $148,299 pledged as collateral)
135,478
149,785
Trading account assets (includes
$92,274
and $68,223 pledged as collateral)
153,052
131,707
Derivative assets
23,439
23,712
Debt Securities:
Available-for-sale (includes
$83,785
and $116,659 pledged as collateral)
192,806
221,556
Held-to-maturity, at cost (market value –
$40
and $47)
40
47
Total debt securities
192,846
221,603
Loans and leases
706,490
573,791
Allowance for loan and lease losses
(9,016)
(8,045)
Loans and leases, net of allowance
697,474
565,746
Premises and equipment, net
9,255
7,786
Mortgage servicing rights (includes
$2,869
measured at fair value at December 31, 2006)
3,045
2,806
Goodwill
65,662
45,354
Intangible assets
9,422
3,194
Other assets
119,683
90,311
Total assets
$1,459,737
$1,291,803
Liabilities
Deposits in domestic offices:
Noninterest-bearing
$ 180,231
$ 179,571
Interest-bearing
418,100
384,155
Deposits in foreign offices:
Noninterest-bearing
4,577
7,165
Interest-bearing
90,589
63,779
Total deposits
693,497
634,670
Federal funds purchased and securities sold under agreements to repurchase
217,527
240,655
Trading account liabilities
67,670
50,890
Derivative liabilities
16,339
15,000
Commercial paper and other short-term borrowings
141,300
116,269
Accrued expenses and other liabilities (includes
$397
and $395 of reserve for unfunded lending commitments)
42,132
31,938
Long-term debt
146,000
100,848
Total liabilities
1,324,465
1,190,270
Commitments and contingencies (Notes 9 and 13)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized—100,000,000 shares; issued and outstanding –
121,739
and 1,090,189 shares
2,851
271
Common stock and additional paid-in capital, $0.01 par value; authorized—7,500,000,000 shares; issued and outstanding –
4,458,151,391
and
3,999,688,491 shares
61,574
41,693
Retained earnings
79,024
67,552
Accumulated other comprehensive income (loss)
(7,711)
(7,556)
Other
(466)
(427)
Total shareholders’ equity
135,272
101,533
Total liabilities and shareholders’ equity
$1,459,737
$1,291,803
See accompanying Notes to Consolidated Financial Statements.
Bank of America 2006
101