Bank of America 2007 Annual Report Download - page 143

Long-term Debt
The following table presents the balance of long-term debt at December 31, 2007 and 2006 and the related rates and maturity dates at December 31,
2007:
December 31
(Dollars in millions) 2007 2006
Notes issued by Bank of America Corporation
Senior notes:
Fixed, with a weighted average rate of 4.62%, ranging from 0.84% to 8.61%, due 2008 to 2043 $ 47,430 $ 38,587
Floating, with a weighted average rate of 4.97%, ranging from 0.54% to 9.07%, due 2008 to 2041 41,791 26,695
Subordinated notes:
Fixed, with a weighted average rate of 5.78%, ranging from 2.40% to 10.20%, due 2008 to 2037 28,630 23,896
Floating, with a weighted average rate of 5.78%, ranging from 4.58% to 7.52%, due 2016 to 2019 686 510
Junior subordinated notes (related to trust preferred securities):
Fixed, with a weighted average rate of 6.64%, ranging from 5.25% to 11.45%, due 2026 to 2055 13,866 13,665
Floating, with a weighted average rate of 5.71%, ranging from 5.24% to 8.59%, due 2027 to 2056 3,359 2,203
Total notes issued by Bank of America Corporation 135,762 105,556
Notes issued by Bank of America, N.A. and other subsidiaries
Senior notes:
Fixed, with a weighted average rate of 4.66%, ranging from 0.93% to 11.30%, due 2008 to 2027 5,648 6,450
Floating, with a weighted average rate of 5.03%, ranging from 1.00% to 8.00%, due 2008 to 2051 32,873 22,219
Subordinated notes:
Fixed, with a weighted average rate of 5.99%, ranging from 5.30% to 7.13%, due 2008 to 2036 6,592 4,294
Floating, with a weighted average rate of 5.25%, ranging from 4.85% to 5.29%, due 2010 to 2027 1,907 918
Total notes issued by Bank of America, N.A. and other subsidiaries 47,020 33,881
Notes issued by NB Holdings Corporation
Junior subordinated notes (related to trust preferred securities):
Fixed – 515
Floating, 5.54%, due 2027 258 258
Total notes issued by NB Holdings Corporation 258 773
Notes issued by BAC North America Holding Company and subsidiaries (1)
Senior notes:
Fixed, with a weighted average rate of 5.04%, ranging from 3.00% to 8.00%, due 2008 to 2026 583 –
Floating, 3.62%, due 2013 215 –
Preferred Securities (related to securities issued by trusts):
Fixed, 6.97%, redeemable on or after 9/15/2010 491 –
Floating, with a weighted average rate of 6.56%, ranging from 5.05% to 7.00%, redeemable starting on or after 9/15/2010 1,627 –
Total notes issued by BAC North America Holding Company and subsidiaries 2,916 –
Other debt
Advances from the Federal Home Loan Bank of Atlanta
Floating – 500
Advances from the Federal Home Loan Bank of New York
Fixed, with a weighted average rate of 6.06%, ranging from 4.00% to 8.29%, due 2008 to 2016 230 285
Advances from the Federal Home Loan Bank of Seattle
Fixed, with a weighted average rate of 6.34%, ranging from 5.40% to 7.42%, due 2008 to 2031 122 125
Floating, with a weighted average rate of 5.20%, ranging from 5.12% to 5.22%, due 2008 2,100 3,200
Advances from the Federal Home Loan Bank of Boston
Fixed, with a weighted average rate of 5.89%, ranging from 1.00% to 7.72%, due 2008 to 2026 133 146
Floating, with a weighted average rate of 4.42%, ranging from 4.36% to 4.45%, due 2008 to 2009 2,500 1,500
Advances from the Federal Home Loan Bank of Chicago
Fixed, with a weighted average rate of 4.03%, ranging from 2.97% to 8.29%, due 2008 to 2015 1,966 –
Floating, with a weighted average rate of 4.90%, ranging from 4.76% to 5.00%, due 2008 to 2013 850 –
Advances from the Federal Home Loan Bank of Indianapolis
Fixed, with a weighted average rate of 4.13%, ranging from 2.95% to 6.61%, due 2008 to 2013 3,300 –
Other 351 34
Total other debt 11,552 5,790
Total long-term debt $197,508 $146,000
(1) Formerly ABN AMRO North America Holding Company which was acquired on October 1, 2007 as part of the LaSalle acquisition.
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