| | | | | | | | | | | | | | | | | | | | | |
<?xml version="1.0" encoding="windows-1252"?> |
<InstanceReport xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema"> |
| <Version> 1.0.0.3 </Version> |
| <hasSegments> false </hasSegments> |
| <ReportName> Trading Account Assets and Liabilities </ReportName> |
| <RoundingOption/> |
| <Columns> |
| | <Column> |
| | | <LabelColumn> false </LabelColumn> |
| | | <Id> 1 </Id> |
| | | <Labels> |
| <Label Id="1" Label="12 Months Ended"/> |
| <Label Id="2" Label="Dec. 31, 2009"/> |
| <Label Id="4" Label="USD / shares"/> |
| </Labels> |
| | | <CurrencySymbol> $ </CurrencySymbol> |
| | | <hasSegments> false </hasSegments> |
| | | <hasScenarios> false </hasScenarios> |
| | | <Segments/> |
| | | <Scenarios/> |
| | | <Units> |
| <Unit> |
| <UnitID> iso4217_USD </UnitID> |
| <UnitType> Standard </UnitType> |
| <StandardMeasure> |
| <MeasureSchema> http://www.xbrl.org/2003/iso4217 </MeasureSchema> |
| <MeasureValue> USD </MeasureValue> |
| <MeasureNamespace> iso4217 </MeasureNamespace> |
| </StandardMeasure> |
| <Scale> 0 </Scale> |
| </Unit> |
| <Unit> |
| <UnitID> iso4217_USD_per_shares </UnitID> |
| <UnitType> Divide </UnitType> |
| <NumeratorMeasure> |
| <MeasureSchema> http://www.xbrl.org/2003/iso4217 </MeasureSchema> |
| <MeasureValue> USD </MeasureValue> |
| <MeasureNamespace> iso4217 </MeasureNamespace> |
| </NumeratorMeasure> |
| <DenominatorMeasure> |
| <MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema> |
| <MeasureValue> shares </MeasureValue> |
| <MeasureNamespace/> |
| </DenominatorMeasure> |
| <Scale> 0 </Scale> |
| </Unit> |
| <Unit> |
| <UnitID> shares </UnitID> |
| <UnitType> Standard </UnitType> |
| <StandardMeasure> |
| <MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema> |
| <MeasureValue> shares </MeasureValue> |
| <MeasureNamespace/> |
| </StandardMeasure> |
| <Scale> 0 </Scale> |
| </Unit> |
| </Units> |
| | | </Column> |
| | </Columns> |
| <Rows> |
| | <Row> |
| | | <Id> 5 </Id> |
| | | <Label> Trading Account Assets and Liabilities </Label> |
| | | <Level> 3 </Level> |
| | | <ElementName> us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock </ElementName> |
| | | <ElementPrefix> us-gaap </ElementPrefix> |
| | | <IsBaseElement> true </IsBaseElement> |
| | | <BalanceType> na </BalanceType> |
| | | <PeriodType> duration </PeriodType> |
| | | <ElementDataType> string </ElementDataType> |
| | | <ShortDefinition> No definition available. </ShortDefinition> |
| | | <IsReportTitle> false </IsReportTitle> |
| | | <IsSegmentTitle> false </IsSegmentTitle> |
| | | <IsSubReportEnd> false </IsSubReportEnd> |
| | | <IsCalendarTitle> false </IsCalendarTitle> |
| | | <IsTuple> false </IsTuple> |
| | | <IsAbstractGroupTitle> false </IsAbstractGroupTitle> |
| | | <IsBeginningBalance> false </IsBeginningBalance> |
| | | <IsEndingBalance> false </IsEndingBalance> |
| | | <IsEPS> false </IsEPS> |
| | | <Cells> |
| <Cell> |
| <Id> 1 </Id> |
| <ShowCurrencySymbol> false </ShowCurrencySymbol> |
| <IsNumeric> false </IsNumeric> |
| <NumericAmount> 0 </NumericAmount> |
| <RoundedNumericAmount> 0 </RoundedNumericAmount> |
| <NonNumbericText> <div> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial" color="#B23040" size="3"><b>NOTE 3 – Trading Account Assets and Liabilities</b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="justify"> <font style="FONT-FAMILY: ARIAL" size="1">The following table presents the components of trading account assets and liabilities at December 31, 2009 and 2008.</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <p style="BORDER-BOTTOM: #b23040 2pt solid; LINE-HEIGHT: 1px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px"> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="83%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> </tr> <tr> <td height="12"></td> <td height="12" colspan="6"></td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="5" align="center"><font style="FONT-FAMILY: Arial" size="1"><b>December 31</b></font></td> </tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">(Dollars in millions)</font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>2009</b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right"><font style="FONT-FAMILY: ARIAL" size="1">2008</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 1.71em"><font style="FONT-FAMILY: Arial" size="1"><b>Trading account assets</b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">U.S. government and agency securities <sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b>$</b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>44,585</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">60,038</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">Corporate securities, trading loans and other</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>57,009</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">34,056</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">Equity securities</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>33,562</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">20,258</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">Foreign sovereign debt</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>28,143</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">13,614</font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">Mortgage trading loans and asset-backed securities</font></p> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>18,907</b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font style="FONT-FAMILY: ARIAL" size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">6,349</font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 5.14em"><font style="FONT-FAMILY: Arial" size="1"><b>Total trading account assets</b></font></p> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font style="FONT-FAMILY: Arial" size="1"><b>$</b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>182,206</b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font style="FONT-FAMILY: ARIAL" size="1">$</font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">134,315</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 1.71em"><font style="FONT-FAMILY: Arial" size="1"><b>Trading account liabilities</b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">U.S. government and agency securities</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b>$</b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>26,519</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">27,286</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">Equity securities</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>18,407</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">12,128</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">Foreign sovereign debt</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>12,897</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">7,252</font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 3.43em"><font style="FONT-FAMILY: ARIAL" size="1">Corporate securities and other</font></p> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>7,609</b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font style="FONT-FAMILY: ARIAL" size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">5,057</font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> <p style="TEXT-INDENT: -1.71em; MARGIN-LEFT: 5.14em"><font style="FONT-FAMILY: Arial" size="1"><b>Total trading account liabilities</b></font></p> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font style="FONT-FAMILY: Arial" size="1"><b>$</b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>65,432</b></font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font size="1"> </font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> <font style="FONT-FAMILY: ARIAL" size="1">$</font></td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">51,723</font></td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: ARIAL" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font></td> <td valign="top" align="left"> <p align="justify"><font style="FONT-FAMILY: ARIAL" size="1">Includes $23.5 billion and $52.6 billion at December 31, 2009 and 2008 of government-sponsored enterprise (GSE) obligations.</font></p> </td> </tr> </table> </div> </NonNumbericText> |
| <NonNumericTextHeader> NOTE 3 – Trading Account Assets and Liabilities The following table presents the components of trading account assets and liabilities at </NonNumericTextHeader> |
| <FootnoteIndexer/> |
| <hasSegments> false </hasSegments> |
| <hasScenarios> false </hasScenarios> |
| </Cell> |
| </Cells> |
| | | <ElementDefenition> No definition available. </ElementDefenition> |
| | | <ElementReferences> No authoritative reference available. </ElementReferences> |
| | | <IsTotalLabel> false </IsTotalLabel> |
| | | </Row> |
| | </Rows> |
| <Footnotes/> |
| <ComparabilityReport> false </ComparabilityReport> |
| <NumberOfCols> 1 </NumberOfCols> |
| <NumberOfRows> 1 </NumberOfRows> |
| <HasScenarios> false </HasScenarios> |
| <MonetaryRoundingLevel> UnKnown </MonetaryRoundingLevel> |
| <SharesRoundingLevel> UnKnown </SharesRoundingLevel> |
| <PerShareRoundingLevel> UnKnown </PerShareRoundingLevel> |
| <HasPureData> false </HasPureData> |
| <SharesShouldBeRounded> true </SharesShouldBeRounded> |
| </InstanceReport> |