BK » Topics » 2008 ANNUAL REPORT

This excerpt taken from the BK 10-K filed Feb 27, 2009.

2008 ANNUAL REPORT

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    Page

Financial Summary

 5

Management’s Discussion and Analysis of Financial Condition and Results of Operations:

 

Results of operations

 6

General

 6

Overview

 6

Summary of financial results

 7

Impact of the market disruption on our business

 9

Reorganization of subsidiary banks

 14

Fee and other revenue

 15

Net interest revenue

 18

Noninterest expense

 21

Income taxes

 23

Extraordinary loss – consolidation of commercial paper conduits

 23

Business segments review

 23

International operations

 39

Critical accounting estimates

 41

Consolidated balance sheet review

 47

Support agreements

 62

Liquidity and dividends

 62

Commitments and obligations

 65

Off-balance sheet arrangements

 66

Capital

 67

Risk management

 72

Trading activities and risk management

 75

Foreign exchange and other trading

 76

Asset/liability management

 77

Business continuity

 78

Supplemental information – Explanation of non-GAAP financial measures (unaudited)

 79

Supplemental information – Rate/volume analysis (unaudited)

 81

Recent accounting developments

 82

Selected quarterly data (unaudited)

 84

Forward-looking statements

 85

Glossary

 87

New York Stock Exchange and Securities and Exchange Commission annual certifications

 91

Report of management on internal control over financial reporting

 91

Report of independent registered public accounting firm

 92

Financial Statements and Notes:

  

Consolidated Income Statement

 93

Consolidated Balance Sheet

 95

Consolidated Statement of Cash Flows

 96

Consolidated Statement of Changes in Shareholders’ Equity

 97

Notes to Consolidated Financial Statements

 98

Report of Independent Registered Public Accounting Firm

 147

Directors, Senior Management and Executive Committee

 148

Performance Graph

 149

Corporate Information

 Inside back cover 





Table of Contents


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