Bank of America 2010 Annual Report Download - page 232
Download and view the complete annual report
Please find page 232 of the 2010 Bank of America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222 -
223 -
224 -
225 -
226 -
227 -
228 -
229 -
230 -
231 -
232 -
233 -
234 -
235 -
236 -
237 -
238 -
239 -
240 -
241 -
242 -
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
 |
 |
The following tables summarize gains and losses due to changes in fair value, including both realized and unrealized gains (losses), recorded in earnings for
Level 3 assets and liabilities during 2010, 2009 and 2008. These amounts include gains (losses) on loans, LHFS, loan commitments and structured notes
which are accounted for under the fair value option.
Level 3 – Total Realized and Unrealized Gains (Losses) Included in Earnings
(Dollars in millions)
Equity
Investment
Income
(Loss)
Trading
Account
Profits
(Losses)
Mortgage
Banking
Income
(Loss)
(1)
Other
Income
(Loss) Total
2010
Trading account assets:
Corporate securities, trading loans and other
$ – $848 $ – $ – $848
Equity securities
– (81) – – (81)
Non-U.S. sovereign debt
– (138) – – (138)
Mortgage trading loans and asset-backed securities
– 653 – – 653
Total trading account assets
– 1,282 – – 1,282
Net derivative assets
– (1,257) 9,375 – 8,118
Available-for-sale debt securities:
Non-agency MBS:
Residential
– – (16) (630) (646)
Commercial
– – – (13) (13)
Non-U.S. securities
– – – (125) (125)
Corporate/Agency bonds
– – – (3) (3)
Other taxable securities
– (295) – (1) (296)
Tax-exempt securities
– 23 – (48) (25)
Total available-for-sale debt securities
– (272) (16) (820) (1,108)
Loans and leases
(2)
– – – (89) (89)
Mortgage servicing rights
– – (4,321) – (4,321)
Loans held-for-sale
(2)
– – 72 410 482
Other assets
1,967 – (21) – 1,946
Trading account liabilities – Non-U.S. sovereign debt
–18 – –18
Commercial paper and other short-term borrowings
(2)
– – (95) – (95)
Accrued expenses and other liabilities
(2)
– (26) – 172 146
Long-term debt
(2)
– 677 – 20 697
Total
$1,967 $ 422 $ 4,994 $(307) $ 7,076
(1)
Mortgage banking income does not reflect the impact of Level 1 and Level 2 hedges on MSRs.
(2)
Amounts represent items which are accounted for under the fair value option.
230 Bank of America 2010