Bank of America 2012 Annual Report Download - page 132

130 Bank of America 2012
Table IV Outstanding Loans and Leases
December 31
(Dollars in millions) 2012 (1) 2011 (1) 2010 (1) 2009 2008
Consumer
Residential mortgage (2) $ 243,181 $262,290 $257,973 $242,129 $ 248,063
Home equity 107,996 124,699 137,981 149,126 152,483
Discontinued real estate (3) 9,892 11,095 13,108 14,854 19,981
U.S. credit card 94,835 102,291 113,785 49,453 64,128
Non-U.S. credit card 11,697 14,418 27,465 21,656 17,146
Direct/Indirect consumer (4) 83,205 89,713 90,308 97,236 83,436
Other consumer (5) 1,628 2,688 2,830 3,110 3,442
Total consumer loans 552,434 607,194 643,450 577,564 588,679
Consumer loans accounted for under the fair value option (6) 1,005 2,190 — — —
Total consumer 553,439 609,384 643,450 577,564 588,679
Commercial
U.S. commercial (7) 209,719 193,199 190,305 198,903 219,233
Commercial real estate (8) 38,637 39,596 49,393 69,447 64,701
Commercial lease financing 23,843 21,989 21,942 22,199 22,400
Non-U.S. commercial 74,184 55,418 32,029 27,079 31,020
Total commercial loans 346,383 310,202 293,669 317,628 337,354
Commercial loans accounted for under the fair value option (6) 7,997 6,614 3,321 4,936 5,413
Total commercial 354,380 316,816 296,990 322,564 342,767
Total loans and leases $ 907,819 $926,200 $940,440 $900,128 $ 931,446
(1) 2012, 2011 and 2010 periods are presented in accordance with consolidation guidance that was effective January 1, 2010.
(2) Includes non-U.S. residential mortgage loans of $93 million, $85 million, $90 million and $552 million at December 31, 2012, 2011, 2010 and 2009, respectively. There were no material non-U.S.
residential mortgage loans prior to January 1, 2009.
(3) Includes $8.8 billion, $9.9 billion, $11.8 billion, $13.4 billion and $18.2 billion of pay option loans, and $1.1 billion, $1.2 billion, $1.3 billion, $1.5 billion and $1.8 billion of subprime loans at
December 31, 2012, 2011, 2010, 2009 and 2008, respectively. We no longer originate these products.
(4) Includes dealer financial services loans of $35.9 billion, $43.0 billion, $43.3 billion, $41.6 billion and $40.1 billion, consumer lending loans of $4.7 billion, $8.0 billion, $12.4 billion, $19.7 billion
and $28.2 billion, U.S. securities-based lending margin loans of $28.3 billion, $23.6 billion, $16.6 billion, $12.9 billion and $0, student loans of $4.8 billion, $6.0 billion, $6.8 billion, $10.8 billion
and $8.3 billion, non-U.S. consumer loans of $8.3 billion, $7.6 billion, $8.0 billion, $8.0 billion and $1.8 billion, and other consumer loans of $1.2 billion, $1.5 billion, $3.2 billion, $4.2 billion and
$5.0 billion at December 31, 2012, 2011, 2010, 2009 and 2008, respectively.
(5) Includes consumer finance loans of $1.4 billion, $1.7 billion, $1.9 billion, $2.3 billion and $2.6 billion, other non-U.S. consumer loans of $5 million, $929 million, $803 million, $709 million and
$618 million, and consumer overdrafts of $177 million, $103 million, $88 million, $144 million and $211 million at December 31, 2012, 2011, 2010, 2009 and 2008, respectively.
(6) Consumer loans accounted for under the fair value option were residential mortgage loans of $147 million and $906 million, discontinued real estate loans of $858 million and $1.3 billion at
December 31, 2012 and 2011. There were no consumer loans accounted for under the fair value option prior to 2011. Commercial loans accounted for under the fair value option were U.S. commercial
loans of $2.3 billion, $2.2 billion, $1.6 billion, $3.0 billion and $3.5 billion, commercial real estate loans of $0, $0, $79 million, $90 million and $203 million, and non-U.S. commercial loans of
$5.7 billion, $4.4 billion, $1.7 billion, $1.9 billion and $1.7 billion at December 31, 2012, 2011, 2010, 2009 and 2008, respectively.
(7) Includes U.S. small business commercial loans, including card-related products, of $12.6 billion, $13.3 billion, $14.7 billion, $17.5 billion and $19.1 billion at December 31, 2012, 2011, 2010,
2009 and 2008, respectively.
(8) Includes U.S. commercial real estate loans of $37.2 billion, $37.8 billion, $46.9 billion, $66.5 billion and $63.7 billion, and non-U.S. commercial real estate loans of $1.5 billion, $1.8 billion, $2.5
billion, $3.0 billion and $979 million at December 31, 2012, 2011, 2010, 2009 and 2008, respectively.