Consolidated Balance Sheet
Bank of America Corporation and Subsidiaries
| |
December 31: 2004 |
December 31: 2003 |
| |
December 31 |
(Dollars in millions) |
2004 |
2003 |
| Assets |
| Cash and cash equivalents |
$ 28,936 |
$ 27,084 |
| Time deposits placed and other short-term investments |
12,361 |
8,051 |
Federal funds sold and securities purchased under agreements to resell
(includes $91,243 and $76,446 pledged as collateral) |
91,360 |
76,492 |
| Trading account assets (includes $38,929 and $18,722 pledged as collateral) |
93,587 |
68,547 |
| Derivative assets |
30,235 |
29,009 |
| Securities: |
| Available-for-sale (includes $45,127 and $20,858 pledged as collateral) |
194,743 |
66,382 |
| Held-to-maturity, at cost (market value - $329 and $254) |
330 |
247 |
| Total securities |
195,073 |
66,629 |
| Loans and leases |
521,837 |
371,463 |
| Allowance for loan and lease losses |
(8,626) |
(6,163) |
| Loans and leases, net of allowance |
513,211 |
365,300 |
| Premises and equipment, net |
7,517 |
6,036 |
| Mortgage servicing rights |
2,482 |
2,762 |
| Goodwill |
45,262 |
11,455 |
| Core deposit intangibles and other intangibles |
3,887 |
908 |
| Other assets |
86,546 |
57,210 |
| Total assets |
$1,110,457 |
$719,483 |
| Liabilities |
| Deposits in domestic offices: |
| Noninterest-bearing |
$163,833 |
$118,495 |
| Interest-bearing |
396,645 |
262,032 |
| Deposits in foreign offices: |
| Noninterest-bearing |
6,066 |
3,035 |
| Interest-bearing |
52,026 |
30,551 |
| Total deposits |
618,570 |
414,113 |
| Federal funds purchased and securities sold under agreements to repurchase |
119,741 |
78,046 |
| Trading account liabilities |
36,654 |
26,844 |
| Derivative liabilities |
17,928 |
15,062 |
| Commercial paper and other short-term borrowings |
78,598 |
34,980 |
Accrued expenses and other liabilities (includes $402 and $416 of reserve for unfunded
lending commitments) |
41,243 |
27,115 |
| Long-term debt |
98,078 |
75,343 |
| Total liabilities |
1,010,812 |
671,503 |
| Commitments and contingencies (Notes 8 and 12) |
| Shareholders' equity |
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and
outstanding - 1,090,189 and 2,539,200 shares |
271 |
54 |
Common stock and additional paid-in capital, $0.01 par value; authorized - 7,500,000,000
and 5,000,000,000 shares; issued and outstanding - 4,046,546,212 and 2,882,287,572 shares |
44,236 |
29 |
| Retained earnings |
58,006 |
50,198 |
| Accumulated other comprehensive income (loss) |
(2,587) |
(2,148) |
| Other |
(281) |
(153) |
| Total shareholders' equity |
99,645 |
47,980 |
| Total liabilities and shareholders'
equity |
$1,110,457 |
$719,483 |
|
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