Bank of America 2011 Annual Report Download - page 134

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132 Bank of America 2011
Table X Non-exchange Traded Commodity Contracts
(Dollars in millions)
Net fair value of contracts outstanding, January 1, 2011
Effects of legally enforceable master netting agreements
Gross fair value of contracts outstanding, January 1, 2011
Contracts realized or otherwise settled
Fair value of new contracts
Other changes in fair value
Gross fair value of contracts outstanding, December 31, 2011
Effects of legally enforceable master netting agreements
Net fair value of contracts outstanding, December 31, 2011
December 31, 2011
Asset
Positions
$ 4,773
10,756
15,529
(9,976)
5,770
2,584
13,907
(8,399)
$ 5,508
Liability
Positions
$ 4,677
10,756
15,433
(10,300)
5,907
1,944
12,984
(8,399)
$ 4,585
Table XI Non-exchange Traded Commodity Contract Maturities
(Dollars in millions)
Less than one year
Greater than or equal to one year and less than three years
Greater than or equal to three years and less than five years
Greater than or equal to five years
Gross fair value of contracts outstanding
Effects of legally enforceable master netting agreements
Net fair value of contracts outstanding
December 31, 2011
Asset
Positions
$ 9,052
2,624
861
1,370
13,907
(8,399)
$ 5,508
Liability
Positions
$ 8,219
2,723
900
1,142
12,984
(8,399)
$ 4,585