Bank of America 2008 Annual Report Download - page 151

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The gross carrying values and accumulated amortization related to intangible assets at December 31, 2008 and 2007 are presented below:
December 31
2008 2007
(Dollars in millions)
Gross Carrying
Value
Accumulated
Amortization
Gross Carrying
Value
Accumulated
Amortization
Purchased credit card relationships
$ 7,080 $2,740
$ 7,027 $1,970
Core deposit intangibles
4,594 3,284
4,594 2,828
Affinity relationships
1,638 587
1,681 406
Other intangibles
3,113 1,279
3,050 852
Total intangible assets
$16,425 $7,890
$16,352 $6,056
Amortization of intangibles expense was $1.8 billion, $1.7 billion and
$1.8 billion in 2008, 2007 and 2006, respectively. The Corporation
estimates aggregate amortization expense will be approximately $1.6 bil-
lion, $1.4 billion, $1.2 billion, $1.0 billion and $840 million for 2009
through 2013, respectively.
Note 11 – Deposits
The Corporation had domestic certificates of deposit and other domestic time deposits of $100 thousand or more totaling $136.6 billion and $94.4
billion at December 31, 2008 and 2007. Foreign certificates of deposit and other foreign time deposits of $100 thousand or more totaled $85.4 bil-
lion and $109.1 billion at December 31, 2008 and 2007.
Time deposits of $100 thousand or more
(Dollars in millions)
Three months
or less
Over three months
to twelve months Thereafter Total
Domestic certificates of deposit and other time deposits
$62,663 $69,913 $4,018 $136,594
Foreign certificates of deposit and other time deposits
83,900 486 966 85,352
At December 31, 2008, the scheduled maturities for total time deposits were as follows:
(Dollars in millions) Domestic Foreign Total
Due in 2009
$248,231 $85,416 $333,647
Due in 2010
6,976 87 7,063
Due in 2011
2,962 69 3,031
Due in 2012
2,122 246 2,368
Due in 2013
1,854 62 1,916
Thereafter
2,990 526 3,516
Total time deposits
$265,135 $86,406 $351,541
Bank of America 2008
149