Bank of America 2006 Annual Report Download - page 36

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Financial Review Contents
Page
Recent Events ..........................................................................................................................
35
MBNA Merger Overview ...................................................................................................................
36
Economic Overview ......................................................................................................................
36
Performance Overview ....................................................................................................................
36
Financial Highlights ......................................................................................................................
37
Balance Sheet Analysis ...................................................................................................................
38
Supplemental Financial Data ...............................................................................................................
41
Business Segment Operations ..............................................................................................................
43
Global Consumer and Small Business Banking ...............................................................................................
45
Global Corporate and Investment Banking ..................................................................................................
50
Global Wealth and Investment Management .................................................................................................
53
All Other ...........................................................................................................................
55
Off- and On-Balance Sheet Financing Entities ...................................................................................................
56
Obligations and Commitments ..............................................................................................................
57
Managing Risk ..........................................................................................................................
58
Strategic Risk Management ................................................................................................................
59
Liquidity Risk and Capital Management .......................................................................................................
60
Credit Risk Management ..................................................................................................................
62
Consumer Portfolio Credit Risk Management ................................................................................................
63
Commercial Portfolio Credit Risk Management ...............................................................................................
66
Foreign Portfolio ......................................................................................................................
71
Provision for Credit Losses ..............................................................................................................
72
Allowance for Credit Losses .............................................................................................................
73
Market Risk Management .................................................................................................................
75
Trading Risk Management ..............................................................................................................
76
Interest Rate Risk Management for Nontrading Activities .......................................................................................
77
Mortgage Banking Risk Management ......................................................................................................
81
Operational Risk Management ..............................................................................................................
81
Recent Accounting and Reporting Developments .................................................................................................
81
Complex Accounting Estimates ..............................................................................................................
81
2005 Compared to 2004 ..................................................................................................................
84
Overview ...........................................................................................................................
84
Business Segment Operations ...........................................................................................................
84
Statistical Tables ........................................................................................................................
86
Glossary ..............................................................................................................................
96
Report of Management on Internal Control Over Financial Reporting ..................................................................................
98
Report of Independent Registered Public Accounting Firm ..........................................................................................
99
Consolidated Statement of Income ...........................................................................................................
100
Consolidated Balance Sheet ...............................................................................................................
101
Consolidated Statement of Changes in Shareholders’ Equity .......................................................................................
102
Consolidated Statement of Cash Flows .......................................................................................................
103
Notes to Consolidated Financial Statements ....................................................................................................
104
34
Bank of America 2006