Call reports 2008
MERRILL LYNCH BANK USA — 2008
What MERRILL LYNCH BANK USA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 63,002,659,000 | 58,042,116,000 | 61,643,285,000 | 61,809,503,000 |
| Total loans | 23,914,283,000 | 24,224,712,000 | 24,997,024,000 | 24,594,649,000 |
| Allowance for loan losses | 233,844,000 | 198,243,000 | 440,356,000 | 840,082,000 |
| Securities available for sale | 19,535,239,000 | 16,945,091,000 | 14,510,473,000 | 3,894,914,000 |
| Securities held to maturity | 2,138,000 | 6,258,000 | 6,242,000 | 6,227,000 |
| Trading assets | 1,226,919,000 | 902,682,000 | 665,700,000 | 228,075,000 |
| Total deposits | 56,761,557,000 | 52,783,232,000 | 50,942,662,000 | 53,620,324,000 |
| Interest-bearing deposits | 56,719,441,000 | 52,749,384,000 | 50,915,327,000 | 53,597,084,000 |
| Noninterest-bearing deposits | 42,115,000 | 33,847,000 | 27,335,000 | 23,240,000 |
| Equity capital | 3,672,268,000 | 3,300,435,000 | 3,067,863,000 | 3,336,642,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 791,907,000 | 1,460,680,000 | 2,070,235,000 | 2,665,559,000 |
| Interest expense | 388,510,000 | 631,937,000 | 790,200,000 | 931,465,000 |
| Net interest income | 403,397,000 | 828,743,000 | 1,280,035,000 | 1,734,094,000 |
| Noninterest income | 351,151,000 | 454,355,000 | 836,138,000 | 1,436,494,000 |
| Noninterest expense | 285,042,000 | 448,583,000 | 511,777,000 | 880,030,000 |
| Provision for loan losses | 78,705,000 | 76,927,000 | 340,854,000 | 863,088,000 |
| Pretax income | 25,063,000 | -1,205,228,000 | -1,495,216,000 | -6,330,320,000 |
| Income tax | -430,000 | -494,713,000 | -581,906,000 | -2,501,661,000 |
| Net income | 30,221,000 | -717,429,000 | -950,020,000 | -3,876,248,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,271,951,000 | 5,578,737,000 | 5,940,330,000 | 4,321,213,000 |
| Total capital | 7,343,138,000 | 6,638,951,000 | 7,042,967,000 | 4,816,416,000 |
| Risk-weighted assets | 48,182,739,000 | 47,037,851,000 | 48,069,720,000 | 38,764,186,000 |