Bank of America 2011 Annual Report Download - page 126

124 Bank of America 2011
Table II Analysis of Changes in Net Interest Income – FTE Basis
(Dollars in millions)
Increase (decrease) in interest income
Time deposits placed and other short-term investments (2)
Federal funds sold and securities borrowed or purchased under agreements to resell
Trading account assets
Debt securities
Loans and leases:
Residential mortgage
Home equity
Discontinued real estate
U.S. credit card
Non-U.S. credit card
Direct/Indirect consumer
Other consumer
Total consumer
U.S. commercial
Commercial real estate
Commercial lease financing
Non-U.S. commercial
Total commercial
Total loans and leases
Other earning assets
Total interest income
Increase (decrease) in interest expense
U.S. interest-bearing deposits:
Savings
NOW and money market deposit accounts
Consumer CDs and IRAs
Negotiable CDs, public funds and other time deposits
Total U.S. interest-bearing deposits
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries
Governments and official institutions
Time, savings and other
Total non-U.S. interest-bearing deposits
Total interest-bearing deposits
Federal funds purchased, securities loaned or sold under agreements to repurchase and
other short-term borrowings
Trading account liabilities
Long-term debt
Total interest expense
Net increase (decrease) in interest income (2)
From 2010 to 2011
Due to Change in (1)
Volume
$7
(92)
(868)
489
957
(615)
34
(1,337)
(487)
(317)
(11)
(131)
(517)
(3)
584
(619)
$17
101
(381)
(5)
21
(4)
39
(910)
(200)
(1,955)
Rate
$67
407
(40)
(2,737)
(1,597)
(334)
(60)
(499)
(307)
(720)
1
(418)
39
(66)
(293)
206
$ (74)
(446)
(297)
(101)
(27)
1
161
1,810
(159)
55
Net
Change
$74
315
(908)
(2,248)
(640)
(949)
(26)
(1,836)
(794)
(1,037)
(10)
(5,292)
(549)
(478)
(69)
291
(805)
(6,097)
(413)
$(9,277)
$(57)
(345)
(678)
(106)
(1,186)
(6)
(3)
200
191
(995)
900
(359)
(1,900)
(2,354)
$(6,923)
From 2009 to 2010
Due to Change in (1)
Volume
$1
266
(135)
2,585
(192)
(391)
(219)
7,097
903
(198)
(27)
(1,106)
(436)
(24)
(121)
(511)
$20
342
(1,745)
(252)
(4)
(7)
(11)
(649)
556
1,509
Rate
$ (43)
(1,328)
(1,051)
(3,959)
(1,607)
(355)
(336)
(119)
425
(1,065)
(24)
132
64
104
(194)
(675)
$ (78)
(494)
(1,586)
5
3
1
(4)
(1,164)
(60)
(3,215)
Net
Change
$ (42)
(1,062)
(1,186)
(1,374)
(1,799)
(746)
(555)
6,978
1,328
(1,263)
(51)
3,892
(974)
(372)
80
(315)
(1,581)
2,311
(1,186)
$ (2,539)
$ (58)
(152)
(3,331)
(247)
(3,788)
(1)
(6)
(15)
(22)
(3,810)
(1,813)
496
(1,706)
(6,833)
$ 4,294
(1) The changes for each category of interest income and expense are divided between the portion of change attributable to the variance in volume and the portion of change attributable to the variance
in rate for that category. The unallocated change in rate or volume variance is allocated between the rate and volume variances.
(2) For this presentation, fees earned on overnight deposits placed with the Federal Reserve are included in the cash and cash equivalents line, consistent with the Corporation's Consolidated Balance
Sheet presentation of these deposits. Net interest income in the table is calculated excluding these fees.