|
Note 4
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, 2005 and 2004.
|
|
December 31
|
| (Dollars in millions) |
|
2005
|
|
2004
|
| Trading account assets |
|
| Corporate securities, trading loans and other |
|
$ |
46,554 |
|
$ |
35,227 |
U.S. government and agency securities (1) |
|
|
31,091 |
| 20,462 |
| Equity securities |
|
|
31,029 |
| 19,504 |
| Mortgage trading loans and asset-backed securities |
|
|
12,290 |
| 9,625 |
| Foreign sovereign debt |
|
|
10,743 |
| 8,769 |
|
|
|
|
|
|
| Total |
|
$ |
131,707 |
|
$ |
93,587 |
|
|
|
|
|
|
| Trading account liabilities |
|
U.S. government and agency securities (2) |
|
$ |
23,179 |
|
$ |
14,332 |
| Equity securities |
|
|
11,371 |
| 8,952 |
| Foreign sovereign debt |
|
|
8,915 |
| 4,793 |
| Corporate securities and other |
|
|
7,407 |
| 8,538 |
| Mortgage trading loans and asset-backed securities |
|
|
18 |
| 39 |
|
|
|
|
|
|
| Total |
|
$ |
50,890 |
|
$ |
36,654 |
|
|
|
|
|
|
| Footnote (1) |
|
Includes $22.1 billion and $17.3 billion at December 31, 2005 and 2004 of government-sponsored enterprise obligations that are not backed by the full faith and credit of the
U.S. government. |
| Footnote (2) |
|
Includes $1.4 billion and $1.2 billion at December 31, 2005 and 2004 of government-sponsored enterprise obligations that are not backed by the full faith and credit of the U.S.
government. |
|
|
|
