Bank of America 2007 Annual Report Download - page 108

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Table X Non-exchange Traded Commodity Contracts
(Dollars in millions)
Asset
Positions
Liability
Positions
Net fair value of contracts outstanding, January 1, 2007 $ 1,272 $ 1,130
Effects of legally enforceable master netting agreements 2,339 2,339
Gross fair value of contracts outstanding, January 1, 2007 3,611 3,469
Contracts realized or otherwise settled (3,477) (3,372)
Fair value of new contracts 4,646 4,736
Other changes in fair value (59) (34)
Gross fair value of contracts outstanding, December 31, 2007 4,721 4,799
Effects of legally enforceable master netting agreements (3,573) (3,573)
Net fair value of contracts outstanding, December 31, 2007
$ 1,148 $ 1,226
Table XI Non-exchange Traded Commodity Contract Maturities
December 31, 2007
(Dollars in millions)
Asset
Positions
Liability
Positions
Maturity of less than 1 year $ 2,948 $ 2,964
Maturity of 1-3 years 1,491 1,590
Maturity of 4-5 years 274 224
Maturity in excess of 5 years 821
Gross fair value of contracts outstanding 4,721 4,799
Effects of legally enforceable master netting agreements (3,573) (3,573)
Net fair value of contracts outstanding
$ 1,148 $ 1,226
106
Bank of America 2007