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Boa Liabilities

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Submitted By ashleyward
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Bank of America had total liabilities of $1,898,945,000 at the end of the 12/31/2011 fiscal reporting year. The liabilities that represented this number included the non-interest bearing deposits, the interest bearing deposits, short term debt, other liabilities, federal funds purchased and securities sold and long term debt. The largest of Bank of America’s liabilities would be the interest bearing deposits while the lowest liability that Bank of America reported was the short term debt which means their operational debt is fairly reasonable.
The liabilities that are reported by Bank of America for the previous fiscal year of 12/31/2010 are $2,036,661,000 which is substantially higher than the reporting year of 12/31/2011. The decrease in liabilities for the financial reporting year of 12/31/2011 is a 6.76% decrease from the fiscal year 12/31/2010. This is mainly in part due to decreases in many of the different liabilities not just one. For instance the non-interest bearing deposits were the only journal entry on the balance sheet which showed an increase of liabilities from 2010 to 2011. The non-interest bearing showed a total of $291,301,000 in 2010 with a 14.08% increase from fiscal year 2010 to 2011.
The decreases in the liabilities were tremendous for Bank of America in the short term liability area as short term liabilities illustrated a 40.47% decrease from $59,962,000 in fiscal year 2010 to an astonishing $35,698,000 for fiscal year 2011. The decreases were felt around the board for Bank of America including a 16.98% decrease in long term debt taking the balance from $448,431,000 to $372,265,000. The next major liabilities decrease that Bank of America was able to report was the Federal Funds purchased and securities sold which took a 12.43% dive from the $245,359,000 in fiscal year 2010 to the $214,864,000 in the fiscal year 2011. The other liabilities

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