SEC Info - Bank of America Corp/DE - ‘10-K’ for 12/31/09

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Bank of America Corp/DE – ‘10-K’ for 12/31/09 – ‘XML.R26’

On: Friday, 2/26/10, at 7:51am ET · For: 12/31/09 · Accession #: 1193125-10-41666 · File #: 1-06523

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/26/10  Bank of America Corp/DE           10-K       12/31/09   67:20M                                    Donnelley … Solutions/FA

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   5.23M 
 2: EX-3.A      Amended and Restated Certificate of Incorporation   HTML   1.17M 
14: EX-10.AAA   Merrill Lynch & Co., Inc. Long-Term Incentive       HTML    167K 
                Compensation Plan                                                
15: EX-10.BBB   Employment Letter Dated May 1, 2008                 HTML     96K 
 3: EX-10.C     Bank of America Pension Restoration Plan            HTML     29K 
 4: EX-10.E     Bank of America 401(K) Restoration Plan             HTML     25K 
 5: EX-10.I     Bank of America Corporation 2003 Key Associate      HTML    126K 
                Stock Plan                                                       
16: EX-10.III   Letter Agreement Dated December 9, 2009, Amending   HTML     35K 
                January 9, 2009 Agreement                                        
17: EX-10.JJJ   Letter Agreement Dated December 9, 2009, Amending   HTML     34K 
                January 15, 2009 Agreement                                       
 6: EX-10.P     Retirement Income Assurance Plan for Legacy Fleet   HTML    174K 
 7: EX-10.QQ    Merrill Lynch & Co., Inc. Employee Stock            HTML     64K 
                Compensation Plan                                                
 8: EX-10.UU    Forms of Stock Agreements for Salary Stock Units    HTML    112K 
 9: EX-10.VV    Boatmen's Supplemental Retirement Plan              HTML     38K 
10: EX-10.WW    Employment Agreement Dated January 30, 1996         HTML     82K 
11: EX-10.XX    Employment Agreement Dated September 26, 1996       HTML     27K 
12: EX-10.YY    Employment Letter Dated May 7, 2001                 HTML     22K 
13: EX-10.ZZ    Equity Incentive Plan Amended & Restated Effective  HTML     62K 
                as of January 1, 2008                                            
19: EX-21       List of Subsidiaries                                HTML    704K 
20: EX-23       Consent of Pricewaterhousecoopers LLP               HTML     25K 
21: EX-24.A     Power of Attorney                                   HTML     33K 
22: EX-24.B     Corporate Resolution                                HTML     21K 
18: EX-12       Ratio of Earnings to Fixed Charges                  HTML     54K 
23: EX-31.A     Certification of the CEO Pursuant to Section 302    HTML     26K 
24: EX-31.B     Certification of the CFO Pursuant to Section 302    HTML     26K 
25: EX-32.A     Certification of the CEO Pursuant to 18 U.S.C.      HTML     21K 
                Section 1350                                                     
26: EX-32.B     Certification of the CFO Pursuant to 18 U.S.C.      HTML     21K 
                Section 1350                                                     
57: XML         IDEA XML File -- Definitions and References          XML    151K 
63: XML         IDEA XML File -- Filing Summary                      XML     78K 
61: XML.R1      Statement Of Income Interest Based Revenue           XML    471K 
62: XML.R2      Statement Of Financial Position Unclassified -       XML    310K 
                Deposit Based Operations                                         
44: XML.R3      Statement Of Financial Position Unclassified -       XML    187K 
                Deposit Based Operations (Parenthetical)                         
49: XML.R4      Statement Of Shareholders Equity And Other           XML    914K 
                Comprehensive Income                                             
55: XML.R5      Statement Of Cash Flows Indirect Deposit Based       XML    424K 
                Operations                                                       
54: XML.R6      Summary of Significant Accounting Principles         XML    122K 
66: XML.R7      Merger and Restructuring Activity                    XML    116K 
38: XML.R8      Trading Account Assets and Liabilities               XML     44K 
53: XML.R9      Derivatives                                          XML    372K 
36: XML.R10     Securities                                           XML    286K 
35: XML.R11     Outstanding Loans and Leases                         XML     94K 
43: XML.R12     Allowance for Credit Losses                          XML     59K 
59: XML.R13     Securitizations                                      XML    155K 
45: XML.R14     Variable Interest Entities                           XML    160K 
46: XML.R15     Goodwill and Intangible Assets                       XML     57K 
51: XML.R16     Deposits                                             XML     47K 
67: XML.R17     Short-term Borrowings                                XML     70K 
41: XML.R18     Long-term Debt                                       XML    242K 
33: XML.R19     Commitments and Contingencies                        XML    196K 
48: XML.R20     Shareholders' Equity and Earnings Per Common Share   XML    227K 
58: XML.R21     Regulatory Requirements and Restrictions             XML     75K 
39: XML.R22     Employee Benefit Plans                               XML    351K 
56: XML.R23     Stock-Based Compensation Plans                       XML     66K 
47: XML.R24     Income Taxes                                         XML    169K 
65: XML.R25     Fair Value Measurements                              XML    615K 
60: XML.R26     Fair Value of Financial Instruments                  XML     49K 
50: XML.R27     Mortgage Servicing Rights                            XML     69K 
52: XML.R28     Business Segment Information                         XML    364K 
34: XML.R29     Parent Company Information                           XML    120K 
37: XML.R30     Performance by Geographical Area                     XML     73K 
40: XML.R31     Document Information                                 XML     40K 
42: XML.R32     Entity Information                                   XML    109K 
64: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    210K 
27: EX-101.INS  XBRL Instance -- bac-20091231                        XML   3.79M 
29: EX-101.CAL  XBRL Calculations -- bac-20091231_cal                XML    194K 
30: EX-101.DEF  XBRL Definitions -- bac-20091231_def                 XML    426K 
31: EX-101.LAB  XBRL Labels -- bac-20091231_lab                      XML    477K 
32: EX-101.PRE  XBRL Presentations -- bac-20091231_pre               XML    519K 
28: EX-101.SCH  XBRL Schema -- bac-20091231                          XSD     94K

‘XML.R26’ — Fair Value of Financial Instruments

This Financial Report is an XBRL XML File.

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<div> NOTE 21 – Fair Value of Financial Instruments The fair values of financial instruments have been derived, in part, by the Corporation’s assumptions, the estimated amount and timing of future cash flows and estimated discount rates. Different assumptions could significantly affect these estimated fair values. Accordingly, the net realizable values could be materially different from the estimates presented below. In addition, the estimates are only indicative of the value of individual financial instruments and should not be considered an indication of the fair value of the Corporation. The following disclosures represent financial instruments in which the ending balance at December 31, 2009 and 2008 are not carried at fair value in its entirety on the Corporation’s Consolidated Balance Sheet. Short-term Financial Instruments The carrying value of short-term financial instruments, including cash and cash equivalents, time deposits placed, federal funds sold and purchased, resale and certain repurchase agreements, commercial paper and other short-term investments and borrowings, approximates the fair value of these instruments. These financial instruments generally expose the Corporation to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that approximate market. The Corporation elected to account for certain structured reverse repurchase agreements under the fair value option. See Note 20 – Fair Value Measurements for additional information on these structured reverse repurchase agreements. Loans Fair values were generally determined by discounting both principal and interest cash flows expected to be collected using an observable discount rate for similar instruments with adjustments that the Corporation believes a market participant would consider in determining fair value. The Corporation estimates the cash flows expected to be collected using internal credit risk, interest rate and prepayment risk models that incorporate the Corporation’s best estimate of current key assumptions, such as default rates, loss severity and prepayment speeds for the life of the loan. The Corporation elected to account for certain large corporate loans which exceeded the Corporation’s single name credit risk concentration guidelines under the fair value option. See Note 20 – Fair Value Measurements for additional information on loans for which the Corporation adopted the fair value option. Deposits The fair value for certain deposits with stated maturities was calculated by discounting contractual cash flows using current market rates for instruments with similar maturities. The carrying value of foreign time deposits approximates fair value. For deposits with no stated maturities, the carrying amount was considered to approximate fair value and does not take into account the significant value of the cost advantage and stability of the Corporation’s long-term relationships with depositors. The Corporation elected to account for certain long-term fixed-rate deposits which are economically hedged with derivatives under the fair value option. See Note 20 – Fair Value Measurements for additional information on these long-term fixed-rate deposits. Long-term Debt The Corporation uses quoted market prices for its long-term debt when available. When quoted market prices are not available, fair value is estimated based on current market interest rates and credit spreads for debt with similar maturities. The Corporation elected to account for certain structured notes under the fair value option. See Note 20 – Fair Value Measurements for additional information on these structured notes. The carrying and fair values of certain financial instruments at December 31, 2009 and 2008 were as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="62%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> </tr> <tr> <td height="8"></td> <td height="8" colspan="14"></td> </tr> <tr> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="13" align="center">December 31</td> </tr> <tr> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="5" align="center">2009</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="5" align="center">2008</td> </tr> <tr> <td valign="bottom">(Dollars in millions)</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">Carrying Value (1)</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">Fair Value</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">Carrying Value (1)</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right">Fair Value</td> </tr> <tr> <td valign="top"> Financial assets </td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> Loans (2) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">841,020</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">813,596</td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">886,198</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">841,629</td> </tr> <tr> <td valign="top"> Financial liabilities </td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> Deposits </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">991,611</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">991,768</td> <td valign="bottom"> </td> <td valign="bottom"></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">882,997</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">883,987</td> </tr> <tr> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="top"> Long-term debt </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">438,521</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">440,246</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">268,292</td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right">260,291</td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="1%" align="left">(1)</td> <td valign="top" align="left"> The carrying value of loans is presented net of allowance for loan and lease losses. Amounts exclude leases. </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="1%" align="left">(2)</td> <td valign="top" align="left"> Fair value is determined based on the present value of future cash flows using credit spreads or risk adjusted rates of return that a buyer of the portfolio would require at December 31, 2009 and 2008. However, the Corporation expects to collect the principal cash flows underlying the book values as well as the related interest cash flows. </td> </tr> </table> </div>

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<NonNumericTextHeader> NOTE 21 – Fair Value of Financial Instruments The fair values of financial instruments have been derived, in part, by the Corporation’s </NonNumericTextHeader>

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7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/20/24  Bank of America Corp./DE          10-K       12/31/23  200:61M
 2/22/23  Bank of America Corp./DE          10-K       12/31/22  200:66M
11/10/22  Bank of America Corp./DE          SC TO-I                7:1.3M Bank of America Corp./DE          Donnelley … Solutions/FA
 2/22/22  Bank of America Corp./DE          10-K       12/31/21  201:72M
 2/24/21  Bank of America Corp./DE          10-K       12/31/20  199:66M
 8/05/10  SEC                               UPLOAD¶    10/03/17    1:114K Bank of America Corp./DE
 6/03/10  SEC                               UPLOAD¶    10/03/17    1:97K  Bank of America Corp./DE

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Filing Submission 0001193125-10-041666 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Bank of America Corp/DE – ‘10-K’ for 12/31/09 – ‘XML.R26’

On: Friday, 2/26/10, at 7:51am ET · For: 12/31/09 · Accession #: 1193125-10-41666 · File #: 1-06523

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R26’ — Fair Value of Financial Instruments

This Financial Report is an XBRL XML File.

7 Subsequent Filings that Reference this Filing

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents