Bank of America 2008 Annual Report Download - page 115
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Accounting Pronouncements
SFAS 52
Foreign Currency Translation
SFAS 109
Accounting for Income Taxes
SFAS 133
Accounting for Derivative Instruments and Hedging Activ-
ities, as amended
SFAS 140
Accounting for Transfers and Servicing of Financial Assets
and Extinguishments of Liabilities – a replacement of
FASB Statement No. 125
SFAS 157
Fair Value Measurements
SFAS 159
The Fair Value Option for Financial Assets and Financial
Liabilities
FIN 46R
Consolidation of Variable Interest Entities (revised
December 2003)—an interpretation of ARB No. 51
FIN 48
Accounting for Uncertainty in Income Taxes, an inter-
pretation of FASB Statement No. 109
SAB 109
Written Loan Commitments Recorded at Fair Value
Through Earnings
SOP 03-3
Accounting for Certain Loans or Debt Securities Acquired
in a Transfer
Acronyms
ABS
Asset-backed securities
AFS
Available-for-sale
AICPA
American Institute of Certified Public Accountants
ALCO
Asset and Liability Committee
ALM
Asset and liability management
ARS
Auction rate securities
CDO
Collateralized debt obligation
CLO
Collateralized loan obligation
CMBS
Commercial mortgage-backed securities
CRC
Credit Risk Committee
EPS
Earnings per common share
FASB
Financial Accounting Standards Board
FDIC
Federal Deposit and Insurance Corporation
FFIEC
Federal Financial Institutions Examination Council
FIN
Financial Accounting Standards Board Inter-
pretation
FRB/Federal Reserve
Board of Governors of the Federal Reserve System
FSP
Financial Accounting Standards Board Staff Posi-
tion
FTE
Fully taxable-equivalent
GAAP
Generally accepted accounting principles in the
United States
GRC
Global Markets Risk Committee
IPO
Initial public offering
LHFS
Loans held-for-sale
LIBOR
London InterBank Offered Rate
MD&A
Management’s Discussion and Analysis of Finan-
cial Condition and Results of Operations
OCC
Office of the Comptroller of the Currency
OCI
Other comprehensive income
SBLCs
Standby letters of credit
SEC
Securities and Exchange Commission
SFAS
Financial Accounting Standards Board Statement
of Financial Accounting Standards
SOP
American Institute of Certified Public Accountants
Statement of Position
SPE
Special purpose entity
Bank of America 2008
113