Bank of America 2011 Annual Report Download - page 44

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42 Bank of America 2011
Global Commercial Banking Revenue
Global Commercial Banking revenue can also be categorized into
treasury services revenue primarily from capital and treasury
management, and business lending revenue derived from credit
related products and services as shown in the table below.
Global Commercial Banking
(Dollars in millions)
Global Treasury Services
Business Lending
Total revenue, net of interest expense
Total average deposits
Total average loans and leases
2011
$ 4,854
5,699
$ 10,553
$ 169,192
189,415
2010
$ 4,741
6,485
$ 11,226
$ 148,638
203,824
Treasury services revenue increased $113 million to $4.9
billion, driven by increased net interest income from the funding
benefit of increased deposits, partially offset by lower treasury
service charges. As clients manage through current economic
conditions, we have seen usage of certain treasury services
decline and increased conversion of paper to electronic services.
These actions combined with our clients leveraging compensating
balances to offset fees have decreased treasury service charges.
Business lending revenue decreased $786 million to $5.7
billion due to lower net interest income related to ALM activities
and lower loan balances. Average loan and lease balances
decreased $14.4 billion to $189.4 billion as commercial real
estate net paydowns and sales outpaced new originations and
renewals.