Bank of America 2011 Annual Report Download - page 255

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Bank of America 2011 253
Level 3 – Fair Value Measurements (1)
(Dollars in millions)
Trading account assets:
Corporate securities, trading loans and other
Equity securities
Non-U.S. sovereign debt
Mortgage trading loans and ABS
Total trading account assets
Net derivative assets (2)
AFS debt securities:
Non-agency MBS:
Residential
Commercial
Non-U.S. securities
Corporate/Agency bonds
Other taxable securities
Tax-exempt securities
Total AFS debt securities
Loans and leases (3)
Mortgage servicing rights
Loans held-for-sale (3)
Other assets (4)
Trading account liabilities:
Non-U.S. sovereign debt
Corporate securities and other
Total trading account liabilities
Other short-term borrowings (3)
Accrued expenses and other liabilities (3)
Long-term debt (3)
2009
Balance
January 1
2009
$ 4,540
546
—
1,647
6,733
2,270
5,439
657
1,247
1,598
9,599
162
18,702
5,413
12,733
3,382
4,157
—
—
—
(816)
(1,124)
—
Merrill
Lynch
Acquisition
$ 7,012
3,848
30
7,294
18,184
2,307
2,509
—
—
—
—
—
2,509
2,452
209
3,872
2,696
—
—
—
—
(1,337)
(7,481)
Gains
(Losses)
Included in
Earnings
$ 370
(396)
136
(262)
(152)
5,526
(1,159)
(185)
(79)
(22)
(75)
2
(1,518)
515
5,286
678
1,273
(38)
—
(38)
(11)
1,396
(2,310)
Gains
(Losses)
Included in
OCI
$—
—
—
—
—
—
2,738
(7)
(226)
127
669
26
3,327
—
—
—
—
—
—
—
—
—
—
Purchases,
Issuances and
Settlements
$ (2,015)
(2,425)
167
933
(3,340)
(7,906)
(4,187)
(155)
(73)
324
815
788
(2,488)
(3,718)
1,237
(1,048)
(308)
—
4
4
120
174
830
Transfers
into/(out of)
Level 3
$ 1,173
(489)
810
(1,842)
(348)
5,666
1,876
(52)
(401)
(1,100)
(1,154)
645
(186)
274
—
58
3
(348)
(14)
(362)
—
—
4,301
Balance
December 31
2009
$ 11,080
1,084
1,143
7,770
21,077
7,863
7,216
258
468
927
9,854
1,623
20,346
4,936
19,465
6,942
7,821
(386)
(10)
(396)
(707)
(891)
(4,660)
(1) Assets (liabilities). For assets, increase / (decrease) to Level 3 and for liabilities, (increase) / decrease to Level 3.
(2) Net derivatives at December 31, 2009 include derivative assets of $23.0 billion and derivative liabilities of $15.2 billion.
(3) Amounts represent items that are accounted for under the fair value option.
(4) Other assets is primarily comprised of AFS marketable equity securities.