2004 Annual Report: Financial Review: Statements and Notes: Note 3 Trading Account Assets and Liabilities |
Note 3
Trading Account Assets and Liabilities
The Corporation engages in a variety of trading-related activities that are either for clients or its own account.
The following table presents the fair values of the components of Trading Account Assets and Liabilities at December 31, 2004 and 2003.
| |
December 31, 2004 |
December 31, 2003 |
|
FleetBoston April 1, 2004 |
| |
December 31 |
|
FleetBoston
April 1, 2004 |
|  | |
(Dollars in millions) |
2004 |
2003 |
|
| | | |
| Trading account assets |
|
|
|
|
| U.S. government and agency securities |
$20,462 |
$16,073 |
|
$ 561 |
| Corporate securities, trading loans and other |
35,227 |
25,647 |
|
353 |
| Equity securities |
19,504 |
11,445 |
|
2 |
| Mortgage trading loans and asset-backed securities |
9,625 |
8,221 |
|
2,199 |
| Foreign sovereign debt |
8,769 |
7,161 |
|
94 |
| | |
| Total |
$93,587 |
$68,547 |
|
$3,209 |
| | |
| Trading account liabilities |
|
|
|
|
| U.S. government and agency securities |
$14,332 |
$ 7,304 |
|
$ 64 |
| Equity securities |
8,952 |
8,863 |
|
- |
| Corporate securities, trading loans and other |
8,538 |
5,379 |
|
356 |
| Foreign sovereign debt |
4,793 |
5,276 |
|
- |
| Mortgage trading loans and asset-backed securities |
39 |
22 |
|
355 |
| | |
| Total |
$36,654 |
$26,844 |
|
$ 775 |
| | |
|
|
|
|
