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)

3 Months Ended

Mar. 31, 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 March 31, 2012 and December 31, 2011.



(Dollars in millions)	March 31 2012		December 31 2011
Trading account assets
U.S. government and agency securities ⁽¹⁾	$	69,664	$	52,613
Corporate securities, trading loans and other	39,110		36,571
Equity securities	33,335		23,674
Non-U.S. sovereign debt	52,071		42,946
Mortgage trading loans and asset-backed securities	15,595		13,515
Total trading account assets	$	209,775	$	169,319
Trading account liabilities
U.S. government and agency securities	$	20,550	$	20,710
Equity securities	21,651		14,594
Non-U.S. sovereign debt	19,046		17,440
Corporate securities and other	9,167		7,764
Total trading account liabilities	$	70,414	$	60,508


⁽¹⁾	Includes $24.3 billion and $27.3 billion of government-sponsored enterprise obligations at March 31, 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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