Bank of America 2012 Annual Report Download - page 263

Bank of America 2012 261
Level 3 – Total Realized and Unrealized Gains (Losses) Included in Earnings
2010
(Dollars in millions)
Equity
Investment
Income
(Loss)
Trading
Account
Profits
(Losses)
Mortgage
Banking
Income
(Loss) (1)
Other
Income
(Loss) Total
Trading account assets:
Corporate securities, trading loans and other $ — $ 848 $ — $ — $ 848
Equity securities — (81) — — (81)
Non-U.S. sovereign debt — (138) — — (138)
Mortgage trading loans and ABS — 653 — — 653
Total trading account assets — 1,282 — — 1,282
Net derivative assets — (1,257) 9,375 — 8,118
AFS debt securities:
Non-agency MBS:
Residential — — (16) (630) (646)
Commercial — — — (13) (13)
Non-U.S. securities — — — (125) (125)
Corporate/Agency bonds ———(3) (3)
Other taxable securities — (295) — (1) (296)
Tax-exempt securities — 23 — (48) (25)
Total AFS debt securities — (272) (16) (820) (1,108)
Loans and leases (2) — — — (89) (89)
Mortgage servicing rights — — (4,321) — (4,321)
Loans held-for-sale (2) — — 72 410 482
Other assets 1,967 — (21) — 1,946
Trading account liabilities:
Non-U.S. sovereign debt —23 — —23
Corporate securities and other — (5)— — (5)
Total trading account liabilities —18 — —18
Other short-term borrowings (2) — — (95) — (95)
Accrued expenses and other liabilities (2) — (26) — 172 146
Long-term debt (2) — 677 — 20 697
Total $ 1,967 $ 422 $ 4,994 $ (307) $ 7,076
(1) Mortgage banking income (loss) does not reflect the impact of Level 1 and Level 2 hedges on MSRs.
(2) Amounts represent instruments that are accounted for under the fair value option.