Bank of America 2015 Annual Report Download - page 234
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232 Bank of America 2015
Level 3 – Total Realized and Unrealized Gains (Losses) Included in Earnings (continued)
2013
(Dollars in millions)
Trading
Account
Profits
(Losses)
Mortgage
Banking
Income
(Loss) (1) Other Total
Trading account assets:
Corporate securities, trading loans and other $ 242 $ — $ — $ 242
Equity securities 74 — — 74
Non-U.S. sovereign debt 50 — — 50
Mortgage trading loans and ABS 53 — — 53
Total trading account assets 419 — — 419
Net derivative assets (1,224) 927 (7) (304)
AFS debt securities:
Non-U.S. securities — — 5 5
Other taxable securities — — 9 9
Tax-exempt securities — — 3 3
Total AFS debt securities — — 17 17
Loans and leases (2) — (38) 136 98
Mortgage servicing rights — 1,941 — 1,941
Loans held-for-sale (2) — 2 60 62
Other assets — 122 (410) (288)
Trading account liabilities – Corporate securities and other 10 — — 10
Accrued expenses and other liabilities — 30 — 30
Long-term debt (2) 45 — (32) 13
Total $ (750) $ 2,984 $ (236) $ 1,998
(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.