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2006 Annual Report
 

Consolidated Balance Sheet

Bank of America Corporation and Subsidiaries

December 31
(Dollars in millions) 2006 2005
Assets
Cash and cash equivalents
$
36,429
$
36,999
Time deposits placed and other short-term investments 13,952 12,800
Federal funds sold and securities purchased under agreements to resell
(includes $135,409 and $148,299 pledged as collateral)
 135,478 149,785
Trading account assets (includes $92,274 and $68,223 pledged as collateral) 153,052 131,707
Derivative assets 23,439 23,712
Debt Securities:
Available-for-sale (includes $83,785 and $116,659 pledged as collateral)
192,806 221,556
Held-to-maturity, at cost (market value — $40 and $47)
40 47
Total debt securities
 192,846 221,603
Loans and leases 706,490 573,791
Allowance for loan and lease losses (9,016) (8,045)
Loans and leases, net of allowance
 697,474 565,746
Premises and equipment, net 9,255 7,786
Mortgage servicing rights (includes $2,869 measured at fair value at December 31, 2006) 3,045 2,806
Goodwill 65,662 45,354
Intangible assets 9,422 3,194
Other assets 119,683 90,311
Total assets
$
1,459,737
$
1,291,803
Liabilities
Deposits in domestic offices:
Noninterest-bearing
$
180,231
$
179,571
Interest-bearing
 418,100 384,155
Deposits in foreign offices:
Noninterest-bearing
 4,577 7,165
Interest-bearing
 90,589 63,779
Total deposits
 693,497 634,670
Federal funds purchased and securities sold under agreements to repurchase 217,527 240,655
Trading account liabilities 67,670 50,890
Derivative liabilities 16,339 15,000
Commercial paper and other short-term borrowings 141,300 116,269
Accrued expenses and other liabilities (includes $397 and $395 of
reserve for unfunded lending commitments)
 42,132 31,938
Long-term debt 146,000 100,848
Total liabilities
 1,324,465 1,190,270
Commitments and contingencies (Notes 9 and 13)
Shareholders' equity
Preferred stock, $0.01 par value; authorized — 100,000,000 shares; issued and
outstanding — 121,739 and 1,090,189 shares
2,851 271
Common stock and additional paid-in capital, $0.01 par value; authorized — 7,500,000,000
shares; issued and outstanding — 4,458,151,391 and 3,999,688,491 shares
 61,574 41,693
Retained earnings 79,024 67,552
Accumulated other comprehensive income (loss) (7,711) (7,556)
Other (466) (427)
Total shareholders' equity
 135,272 101,533
Total liabilities and shareholders' equity
$
1,459,737
$
1,291,803


See accompanying Notes to Consolidated Financial Statements.

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