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2006 Annual Report
 

Note 3 — Trading Account Assets and Liabilities

The following table presents the fair values of the components of Trading Account Assets and Liabilities at December 31, 2006 and 2005.

December 31
(Dollars in millions) 2006 2005
Trading account assets
Corporate securities, trading loans and other
$
53,923
$
46,554
U.S. government and agency securities (1) 36,656 31,091
Equity securities 27,103 31,029
Mortgage trading loans and asset-backed securities 15,449 12,290
Foreign sovereign debt 19,921 10,743
Total
$
153,052
$
131,707
Trading account liabilities
U.S. government and agency securities (2)
$
26,760
$
23,179
Equity securities 23,908 11,371
Foreign sovereign debt 9,261 8,915
Corporate securities and other 7,741 7,425
Total
$
67,670
$
50,890
Footnote (1) Includes $22.7 billion and $20.9 billion at December 31, 2006 and 2005 of government-sponsored enterprise obligations that are not backed by the full faith and credit of the U.S. government.
Footnote (2) Includes $2.2 billion and $1.4 billion at December 31, 2006 and 2005 of government-sponsored enterprise obligations that are not backed by the full faith and credit of the U.S. government.
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