Bank of America 2008 Annual Report Download - page 20

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Financial Review Contents
Page
2008 Economic Environment
19
Regulatory Initiatives
20
Recent Events
22
Recent Accounting Developments
23
Merger Overview
23
Performance Overview
24
Financial Highlights
24
Balance Sheet Analysis
26
Supplemental Financial Data
29
Business Segment Operations
32
Global Consumer and Small Business Banking
33
Global Corporate and Investment Banking
38
Global Wealth and Investment Management
45
All Other
48
Off- and On-Balance Sheet Arrangements
49
Obligations and Commitments
51
Fair Values of Level 3 Assets and Liabilities
52
Managing Risk
54
Strategic Risk Management
55
Liquidity Risk and Capital Management
55
Credit Risk Management
61
Consumer Portfolio Credit Risk Management
62
Commercial Portfolio Credit Risk Management
70
Foreign Portfolio
79
Provision for Credit Losses
81
Allowance for Credit Losses
81
Market Risk Management
84
Trading Risk Management
85
Interest Rate Risk Management for Nontrading Activities
88
Mortgage Banking Risk Management
92
Compliance and Operational Risk Management
92
ASF Framework
93
Complex Accounting Estimates
93
2007 Compared to 2006
97
Overview
97
Business Segment Operations
98
Statistical Tables
99
Glossary
111
Throughout the MD&A, we use certain acronyms and
abbreviations which are defined in the Glossary beginning on page 111.
18
Bank of America 2008