Bank of America Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Trading Account Assets and Liabilities (Tables)

Trading Account Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2012

Investments, Debt and Equity Securities [Abstract]

Components of trading account assets and liabilities

The table below presents the components of trading account assets and liabilities at September 30, 2012 and December 31, 2011.



(Dollars in millions)	September 30 2012		December 31 2011
Trading account assets
U.S. government and agency securities ⁽¹⁾	$	67,539	$	52,613
Corporate securities, trading loans and other	33,912		36,571
Equity securities	38,825		23,674
Non-U.S. sovereign debt	54,218		42,946
Mortgage trading loans and asset-backed securities	16,596		13,515
Total trading account assets	$	211,090	$	169,319
Trading account liabilities
U.S. government and agency securities	$	18,651	$	20,710
Equity securities	22,360		14,594
Non-U.S. sovereign debt	22,201		17,440
Corporate securities and other	8,967		7,764
Total trading account liabilities	$	72,179	$	60,508


⁽¹⁾	Includes $24.6 billion and $27.3 billion of government-sponsored enterprise obligations at September 30, 2012 and December 31, 2011.

- Definition

Tabular disclosure of trading securities (and certain trading assets) which consist of all investments in certain debt and equity securities (and other assets) that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time) or for which an entity has elected the fair value option. Trading generally reflects active and frequent buying and selling, and trading securities are generally used with the objective of generating profits on short-term differences in price, but this category of investments may also include items which are not intended to be sold in the near term or for which the fair value option has been elected.

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+ Details