Bank of America 2013 Annual Report Download - page 237
Download and view the complete annual report
Please find page 237 of the 2013 Bank of America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227 -
228 -
229 -
230 -
231 -
232 -
233 -
234 -
235 -
236 -
237 -
238 -
239 -
240 -
241 -
242 -
243 -
244 -
245 -
246 -
247 -
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
 |
 |
Bank of America 2013 235
The table below presents impacts on net income of significant amounts reclassified out of each component of accumulated OCI
before- and after-tax for 2013, 2012 and 2011.
Reclassifications Out of Accumulated OCI
(Dollars in millions)
Accumulated OCI Components Income Statement Line Item Impacted 2013 2012 2011
Available-for-sale debt securities:
Gains on sales of debt securities $ 1,271 $ 1,662 $ 3,374
Other-than-temporary impairment (20) (53) (299)
Income before income taxes 1,251 1,609 3,075
Income tax expense 463 595 1,138
Reclassification to net income 788 1,014 1,937
Available-for-sale marketable equity securities:
Equity investment income 771 19 6,501
Income before income taxes 771 19 6,501
Income tax expense 285 7 2,384
Reclassification to net income 486 12 4,117
Derivatives:
Interest rate contracts Net interest income (1,119)(956) (1,393)
Commodity contracts Trading account profits (1)(1)7
Interest rate contracts Other income 18 ——
Equity compensation contracts Personnel 329 (78) (231)
Loss before income taxes (773)(1,035) (1,617)
Income tax benefit (286)(383) (599)
Reclassification to net income (487)(652) (1,018)
Employee benefit plans:
Prior service cost Personnel (4)(6) (16)
Transition obligation Personnel —(32) (31)
Net actuarial losses Personnel (225)(443) (387)
Settlements and curtailments Personnel (8)(58) (3)
Loss before income taxes (237)(539) (437)
Income tax benefit (79) (212) (167)
Reclassification to net income (158)(327) (270)
Foreign currency:
Other income (loss) (138)30 65
Income (loss) before income taxes (138)30 65
Income tax expense (benefit) (133)10 (9)
Reclassification to net Income (5)20 74
Total reclassification adjustments $ 624 $ 67 $ 4,840