Bank of America 2012 Annual Report Download - page 157

Bank of America 2012 155
Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
December 31
(Dollars in millions) 2012 2011
Liabilities
Deposits in U.S. offices:
Noninterest-bearing $ 372,546 $ 332,228
Interest-bearing (includes $2,262 and $3,297 measured at fair value) 654,332 624,814
Deposits in non-U.S. offices:
Noninterest-bearing 7,573 6,839
Interest-bearing 70,810 69,160
Total deposits 1,105,261 1,033,041
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $42,639 and $34,235 measured at fair
value) 293,259 214,864
Trading account liabilities 73,587 60,508
Derivative liabilities 46,016 59,520
Commercial paper and other short-term borrowings (includes $4,074 and $6,558 measured at fair value) 30,731 35,698
Accrued expenses and other liabilities (includes $16,594 and $15,743 measured at fair value and $513 and $714 of reserve for
unfunded lending commitments) 148,579 123,049
Long-term debt (includes $49,161 and $46,239 measured at fair value) 275,585 372,265
Total liabilities 1,973,018 1,898,945
Commitments and contingencies (Note 7 – Securitizations and Other Variable Interest Entities, Note 8 – Representations and Warranties
Obligations and Corporate Guarantees and Note 13 – Commitments and Contingencies)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,685,410 and 3,689,084 shares 18,768 18,397
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding –
10,778,263,628 and 10,535,937,957 shares 158,142 156,621
Retained earnings 62,843 60,520
Accumulated other comprehensive income (loss) (2,797)(5,437)
Total shareholders’ equity 236,956 230,101
Total liabilities and shareholders’ equity $ 2,209,974 $ 2,129,046
Liabilities of consolidated variable interest entities included in total liabilities above
Commercial paper and other short-term borrowings (includes $872 and $650 of non-recourse liabilities) $ 3,731 $ 5,777
Long-term debt (includes $29,476 and $44,976 of non-recourse debt) 34,256 49,054
All other liabilities (includes $149 and $225 of non-recourse liabilities) 360 1,116
Total liabilities of consolidated variable interest entities $ 38,347 $ 55,947
See accompanying Notes to Consolidated Financial Statements.