Bank of America 2009 Annual Report Download - page 118

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Table X Non-exchange Traded Commodity Contracts
December 31, 2009
(Dollars in millions)
Asset
Positions
Liability
Positions
Net fair value of contracts outstanding, January 1, 2009 $ 9,433 $ 6,726
Effects of legally enforceable master netting agreements 30,021 30,021
Gross fair value of contracts outstanding, January 1, 2009 39,454 36,747
Contracts realized or otherwise settled (19,654) (18,623)
Fair value of new contracts 9,231 9,284
Other changes in fair value (6,210) (5,865)
Gross fair value of contracts outstanding, December 31, 2009 22,821 21,543
Effects of legally enforceable master netting agreements (17,785) (17,785)
Net fair value of contracts outstanding, December 31, 2009
$ 5,036 $ 3,758
Table XI Non-exchange Traded Commodity Contract Maturities
December 31, 2009
(Dollars in millions)
Asset
Positions
Liability
Positions
Maturity of less than 1 year $ 16,161 $ 15,431
Maturity of 1-3 years 4,603 4,295
Maturity of 4-5 years 774 542
Maturity in excess of 5 years 1,283 1,275
Gross fair value of contracts outstanding 22,821 21,543
Effects of legally enforceable master netting agreements (17,785) (17,785)
Net fair value of contracts outstanding
$ 5,036 $ 3,758
116
Bank of America 2009