Bank of America 2014 Annual Report Download - page 42

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40 Bank of America 2014
Client Balances
The table below presents client balances which consist of AUM,
brokerage assets, assets in custody, deposits, and loans and
leases.
Client Balances by Type
December 31
(Dollars in millions) 2014 2013
Assets under management $ 902,872 $ 821,449
Brokerage assets 1,081,434 1,045,122
Assets in custody 139,555 136,190
Deposits 245,391 244,901
Loans and leases (1) 128,745 118,776
Total client balances $ 2,497,997 $ 2,366,438
(1) Includes margin receivables which are classified in customer and other receivables on the
Consolidated Balance Sheet.
The increase of $131.6 billion, or six percent, in client balances
was driven by higher market levels and long-term AUM flows.
Net Migration Summary
GWIM results are impacted by the net migration of clients and their
corresponding deposit, loan and brokerage balances to or from
CBB, Global Banking and CRES, as presented in the table below.
Migrations result from the movement of clients between business
segments to better align with client needs. In addition to business-
as-usual migration during 2013, GWIM identified and transferred
a client population with deposit balances of $23.3 billion to CBB
and home equity loan balances of $4.5 billion to CRES, while CBB
transferred credit card loan balances of $3.2 billion to GWIM.
Net Migration Summary
(Dollars in millions) 2014 2013
Total deposits, net – GWIM from (to) CBB and Global
Banking $ 1,350 $ (20,974)
Total loans, net – GWIM from (to) CBB and CRES (61) (1,356)
Total brokerage, net – GWIM from (to) CBB and Global
Banking (2,710) (1,251)