Bank of America 2015 Annual Report Download - page 110

108 Bank of America 2015
Table II Analysis of Changes in Net Interest Income – FTE Basis
From 2014 to 2015 From 2013 to 2014
Due to Change in (1) Due to Change in (1)
(Dollars in millions) Volume Rate
Net
Change Volume Rate
Net
Change
Increase (decrease) in interest income
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other
banks (2) $ 60 $ 1 $ 61 $ 103 $ 23 $ 126
Time deposits placed and other short-term investments (23) — (23) (59) 42 (17)
Federal funds sold and securities borrowed or purchased under agreements to resell (45) (6) (51) (5) (185) (190)
Trading account assets (250) 81 (169) (669) 506 (163)
Debt securities 850 462 1,312 385 (2,102) (1,717)
Loans and leases:
Residential mortgage (1,273) (222) (1,495)(702) (151) (853)
Home equity (324) (32) (356) (408) (87) (495)
U.S. credit card (71) (157) (228) (136) (343) (479)
Non-U.S. credit card (147) (2) (149) 76 (147) (71)
Direct/Indirect consumer 58 (117) (59) (13) (258) (271)
Other consumer (6) (77) (83) 10 57 67
Total consumer (2,370) (2,102)
U.S. commercial 523 (270) 253 347 (528) (181)
Commercial real estate 137 (48) 89 173 (132) 41
Commercial lease financing 26 (65) (39) 18 (31) (13)
Non-U.S. commercial (20) (168) (188) (24) 137 113
Total commercial 115 (40)
Total loans and leases (2,255) (2,142)
Other earning assets (175) 254 79 (518) 497 (21)
Total interest income $ (1,046) $ (4,124)
Increase (decrease) in interest expense
U.S. interest-bearing deposits:
Savings $2$2$4 $ 1 $ (20) $ (19)
NOW and money market deposit accounts 10 (53) (43) 2 (99) (97)
Consumer CDs and IRAs (45) (57) (102) (78) (130) (208)
Negotiable CDs, public funds and other deposits (6) (7) (13) 22 (31) (9)
Total U.S. interest-bearing deposits (154) (333)
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries (30) — (30) (20) 12 (8)
Governments and official institutions — 3 3 —(1) (1)
Time, savings and other (30) (8) (38) 28 (2) 26
Total non-U.S. interest-bearing deposits (65) 17
Total interest-bearing deposits (219) (316)
Federal funds purchased, securities loaned or sold under agreements to repurchase and
short-term borrowings (115) (76) (191) (424) 79 (345)
Trading account liabilities (186) (47) (233) (26) (36) (62)
Long-term debt (299) 557 258 (255) (843) (1,098)
Total interest expense (385) (1,821)
Net decrease in net interest income $ (661) $ (2,303)
(1) The changes for each category of interest income and expense are divided between the portion of change attributable to the variance in volume and the portion of change attributable to the variance
in rate for that category. The unallocated change in rate or volume variance is allocated between the rate and volume variances.
(2) Beginning in 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. In prior periods, these balances were included with
cash and due from banks in the cash and cash equivalents line, consistent with the Consolidated Balance Sheet presentation. Prior periods have been reclassified to conform to current period
presentation.