Bank of America 2006 Annual Report Download - page 94

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Table IX Short-term Borrowings
2006 2005 2004
(Dollars in millions) Amount Rate Amount Rate Amount Rate
Federal funds purchased
At December 31
$ 12,232 5.35%
$ 2,715 4.06% $ 3,108 2.23%
Average during year
5,292 5.11
3,670 3.09 3,724 1.31
Maximum month-end balance during year
12,232 –
5,964 – 7,852 –
Securities sold under agreements to repurchase
At December 31
205,295 4.94
237,940 4.26 116,633 2.23
Average during year
281,611 4.66
227,081 3.62 161,494 1.86
Maximum month-end balance during year
312,955 –
273,544 – 191,899 –
Commercial paper
At December 31
41,223 5.34
24,968 4.21 25,379 2.09
Average during year
33,942 5.15
26,335 3.22 21,178 1.45
Maximum month-end balance during year
42,511 –
31,380 – 26,486 –
Other short-term borrowings
At December 31
100,077 5.43
91,301 4.58 53,219 2.48
Average during year
90,287 5.21
69,322 3.51 41,169 1.73
Maximum month-end balance during year
104,555 –
91,301 – 53,756 –
Table X Non-exchange Traded Commodity Contracts
(Dollars in millions)
Asset
Positions
Liability
Positions
Net fair value of contracts outstanding, January 1, 2006
$ 3,021
$ 2,279
Effects of legally enforceable master netting agreements
5,636
5,636
Gross fair value of contracts outstanding, January 1, 2006
8,657
7,915
Contracts realized or otherwise settled
(2,797)
(2,792)
Fair value of new contracts
1,182
1,127
Other changes in fair value
(3,431)
(2,781)
Gross fair value of contracts outstanding, December 31, 2006
3,611
3,469
Effects of legally enforceable master netting agreements
(2,339)
(2,339)
Net fair value of contracts outstanding, December 31, 2006
$ 1,272 $ 1,130
Table XI Non-exchange Traded Commodity Contract Maturities
December 31, 2006
(Dollars in millions)
Asset
Positions
Liability
Positions
Maturity of less than 1 year
$ 1,244
$ 1,165
Maturity of 1-3 years
1,963
1,878
Maturity of 4-5 years
321
346
Maturity in excess of 5 years
83
80
Gross fair value of contracts
3,611
3,469
Effects of legally enforceable master netting agreements
(2,339)
(2,339)
Net fair value of contracts outstanding
$ 1,272 $ 1,130
92
Bank of America 2006