Bank of America 2013 Annual Report Download - page 129

Bank of America 2013 127
Table IV Outstanding Loans and Leases (1)
December 31
(Dollars in millions) 2013 2012 2011 2010 2009
Consumer
Residential mortgage (2) $ 248,066 $252,929 $273,228 $270,901 $ 256,748
Home equity 93,672 108,140 124,856 138,161 149,361
U.S. credit card 92,338 94,835 102,291 113,785 49,453
Non-U.S. credit card 11,541 11,697 14,418 27,465 21,656
Direct/Indirect consumer (3) 82,192 83,205 89,713 90,308 97,236
Other consumer (4) 1,977 1,628 2,688 2,830 3,110
Total consumer loans excluding loans accounted for under the fair value option 529,786 552,434 607,194 643,450 577,564
Consumer loans accounted for under the fair value option (5) 2,164 1,005 2,190 — —
Total consumer 531,950 553,439 609,384 643,450 577,564
Commercial
U.S. commercial (6) 225,851 209,719 193,199 190,305 198,903
Commercial real estate (7) 47,893 38,637 39,596 49,393 69,447
Commercial lease financing 25,199 23,843 21,989 21,942 22,199
Non-U.S. commercial 89,462 74,184 55,418 32,029 27,079
Total commercial loans excluding loans accounted for under the fair value option 388,405 346,383 310,202 293,669 317,628
Commercial loans accounted for under the fair value option (5) 7,878 7,997 6,614 3,321 4,936
Total commercial 396,283 354,380 316,816 296,990 322,564
Total loans and leases $ 928,233 $907,819 $926,200 $940,440 $ 900,128
(1) 2013, 2012, 2011 and 2010 are presented in accordance with consolidation guidance that was effective January 1, 2010.
(2) Includes pay option loans of $4.4 billion, $6.7 billion, $9.9 billion, $11.8 billion and $13.4 billion, and non-U.S. residential mortgage loans of $0, $93 million, $85 million, $90 million and $552
million at December 31, 2013, 2012, 2011, 2010 and 2009, respectively. The Corporation no longer originates pay option loans
(3) Includes dealer financial services loans of $38.5 billion, $35.9 billion, $43.0 billion, $43.3 billion and $41.6 billion; consumer lending loans of $2.7 billion, $4.7 billion, $8.0 billion, $12.4 billion
and $19.7 billion; U.S. securities-based lending loans of $31.2 billion, $28.3 billion, $23.6 billion, $16.6 billion and $12.9 billion; non-U.S. consumer loans of $4.7 billion, $8.3 billion, $7.6 billion,
$8.0 billion and $8.0 billion; student loans of $4.1 billion, $4.8 billion, $6.0 billion, $6.8 billion and $10.8 billion; and other consumer loans of $1.0 billion, $1.2 billion, $1.5 billion, $3.2 billion
and $4.2 billion at December 31, 2013, 2012, 2011, 2010 and 2009, respectively.
(4) Includes consumer finance loans of $1.2 billion, $1.4 billion, $1.7 billion, $1.9 billion and $2.3 billion; consumer leases of $606 million, $34 million, $0, $0 and $0; consumer overdrafts of $176
million, $177 million, $103 million, $88 million and $144 million; and other non-U.S. consumer loans of $5 million, $5 million, $929 million, $803 million and $709 million at December 31, 2013,
2012, 2011, 2010 and 2009, respectively.
(5) Consumer loans accounted for under the fair value option were residential mortgage loans of $2.0 billion, $1.0 billion and $2.2 billion, and home equity loans of $147 million, $0 and $0 at
December 31, 2013, 2012 and 2011, respectively. 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 $1.5 billion, $2.3 billion, $2.2 billion, $1.6 billion and $3.0 billion; commercial real estate loans of $0, $0, $0, $79 million and $90 million; and non-U.S. commercial
loans of $6.4 billion, $5.7 billion, $4.4 billion, $1.7 billion and $1.9 billion at December 31, 2013, 2012, 2011, 2010 and 2009, respectively.
(6) Includes U.S. small business commercial loans, including card-related products, of $13.3 billion, $12.6 billion, $13.3 billion, $14.7 billion and $17.5 billion at December 31, 2013, 2012, 2011,
2010 and 2009, respectively.
(7) Includes U.S. commercial real estate loans of $46.3 billion, $37.2 billion, $37.8 billion, $46.9 billion and $66.5 billion, and non-U.S. commercial real estate loans of $1.6 billion, $1.5 billion, $1.8
billion, $2.5 billion and $3.0 billion at December 31, 2013, 2012, 2011, 2010 and 2009, respectively.