Bank of America 2011 Annual Report Download - page 256
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254 Bank of America 2011
The following tables summarize gains (losses) due to changes in fair value, including both realized and unrealized gains (losses),
recorded in earnings for Level 3 assets and liabilities during 2011, 2010 and 2009. These amounts include gains (losses) on loans,
LHFS, loan commitments and structured liabilities that are accounted for under the fair value option.
Level 3 – Total Realized and Unrealized Gains (Losses) Included in Earnings
(Dollars in millions)
Trading account assets:
Corporate securities, trading loans and other (2)
Equity securities
Non-U.S. sovereign debt
Mortgage trading loans and ABS
Total trading account assets
Net derivative assets
AFS debt securities:
Non-agency residential MBS
Corporate/Agency bonds
Other taxable securities
Tax-exempt securities
Total AFS debt securities
Loans and leases (2)
Mortgage servicing rights
Loans held-for-sale (2)
Other assets
Trading account liabilities – Corporate securities and other
Other short-term borrowings (2)
Accrued expenses and other liabilities (2)
Long-term debt (2)
Total
Trading account assets:
Corporate securities, trading loans and other (2)
Equity securities
Non-U.S. sovereign debt
Mortgage trading loans and ABS
Total trading account assets
Net derivative assets
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 (2)
Mortgage servicing rights
Loans held-for-sale (2)
Other assets
Trading account liabilities:
Non-U.S. sovereign debt
Corporate securities and other
Total trading account liabilities
Other short-term borrowings (2)
Accrued expenses and other liabilities (2)
Long-term debt (2)
Total
2011
Equity
Investment
Income
(Loss)
$—
—
—
—
—
—
—
—
—
—
—
—
—
—
242
—
—
—
—
$242
2010
$—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1,967
—
—
—
—
—
—
$ 1,967
Trading
Account
Profits
(Losses)
$490
49
87
442
1,068
1,516
—
—
16
(3)
13
—
—
—
—
4
—
(10)
(106)
$ 2,485
$ 848
(81)
(138)
653
1,282
(1,257)
—
—
—
—
(295)
23
(272)
—
—
—
—
23
(5)
18
—
(26)
677
$ 422
Mortgage
Banking
Income
(Loss) (1)
$—
—
—
—
—
3,683
—
—
—
—
—
(13)
(5,661)
(108)
(51)
—
(30)
71
—
$(2,109)
$—
—
—
—
—
9,375
(16)
—
—
—
—
—
(16)
—
(4,321)
72
(21)
—
—
—
(95)
—
—
$ 4,994
Other
Income
(Loss)
$—
—
—
—
—
—
(158)
(12)
10
24
(136)
(42)
—
144
(51)
—
—
—
(82)
$(167)
$—
—
—
—
—
—
(630)
(13)
(125)
(3)
(1)
(48)
(820)
(89)
—
410
—
—
—
—
—
172
20
$ (307)
Total
$ 490
49
87
442
1,068
5,199
(158)
(12)
26
21
(123)
(55)
(5,661)
36
140
4
(30)
61
(188)
$ 451
$848
(81)
(138)
653
1,282
8,118
(646)
(13)
(125)
(3)
(296)
(25)
(1,108)
(89)
(4,321)
482
1,946
23
(5)
18
(95)
146
697
$ 7,076
(1) Mortgage banking income does not reflect the impact of Level 1 and Level 2 hedges on MSRs.
(2) Amounts represent items that are accounted for under the fair value option.