Bank of America 2010 Annual Report Download - page 229

(Dollars in millions) Level 1 Level 2 Level 3
Netting
Adjustments
(1)
Assets/Liabilities
at Fair Value
Fair Value Measurements
December 31, 2009
Assets
Federal funds sold and securities borrowed or purchased under
agreements to resell $ – $ 57,775 $ – $ – $ 57,775
Trading account assets:
U.S. government and agency securities 17,140 27,445 – – 44,585
Corporate securities, trading loans and other 4,772 41,157 11,080 – 57,009
Equity securities 25,274 7,204 1,084 – 33,562
Non-U.S. sovereign debt 19,827 7,173 1,143 – 28,143
Mortgage trading loans and asset-backed securities – 11,137 7,770 – 18,907
Total trading account assets 67,013 94,116 21,077 – 182,206
Derivative assets 3,326 1,467,855 23,048 (1,406,607) 87,622
Available-for-sale debt securities:
U.S. Treasury securities and agency securities 19,571 3,454 – – 23,025
Mortgage-backed securities:
Agency – 166,246 – – 166,246
Agency-collateralized mortgage obligations – 25,781 – – 25,781
Non-agency residential – 27,887 7,216 – 35,103
Non-agency commercial – 6,651 258 – 6,909
Non-U.S. securities 660 2,769 468 – 3,897
Corporate/Agency bonds – 5,265 927 – 6,192
Other taxable securities 676 14,721 9,854 – 25,251
Tax-exempt securities – 7,574 1,623 – 9,197
Total available-for-sale debt securities 20,907 260,348 20,346 – 301,601
Loans and leases – – 4,936 – 4,936
Mortgage servicing rights – – 19,465 – 19,465
Loans held-for-sale – 25,853 6,942 – 32,795
Other assets 35,411 12,677 7,821 – 55,909
Total assets $126,657 $1,918,624 $103,635 $(1,406,607) $742,309
Liabilities
Interest-bearing deposits in U.S. offices $ – $ 1,663 $ – $ – $ 1,663
Federal funds purchased and securities loaned or sold under
agreements to repurchase – 37,325 – – 37,325
Trading account liabilities:
U.S. government and agency securities 22,339 4,180 – – 26,519
Equity securities 17,300 1,107 – – 18,407
Non-U.S. sovereign debt 12,028 483 386 – 12,897
Corporate securities and other 282 7,317 10 – 7,609
Total trading account liabilities 51,949 13,087 396 – 65,432
Derivative liabilities 2,925 1,443,494 15,185 (1,410,943) 50,661
Commercial paper and other short-term borrowings – 813 707 – 1,520
Accrued expenses and other liabilities 16,797 620 891 – 18,308
Long-term debt – 40,791 4,660 – 45,451
Total liabilities $ 71,671 $1,537,793 $ 21,839 $(1,410,943) $220,360
(1)
Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties.
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