## Table 0 ##
At December 31, 2008 and 2007, Bank of America Corporation was authorized to issue approximately $92.9 billion and $64.0 billion of additional corporate debt and other securities under its existing shelf registration statements.
At December 31, 2008 and 2007, Bank of America, N. A.  was authorized to issue approximately $48.3 billion and $62.1 billion of bank notes.
At both December 31, 2008 and 2007, Bank of America, N. A.  was authorized to issue approximately $20.6 billion of additional mortgage notes.
The weighted average effective interest rates for total long-term debt, total fixed-rate debt and total floating-rate debt (based on the rates in effect at December 31, 2008) were 4.26 percent, 5.05 percent and 2.80 percent, respectively, at December 31, 2008 and (based on the rates in effect at December 31, 2007) were 5.09 percent, 5.21 percent and 4.93 percent, respectively, at December 31, 2007.
These obligations were denominated primarily in U. S.  dollars.
Aggregate annual maturities of long-term debt obligations (based on final maturity dates) at December 31, 2008 are included in the table above.
Trust Preferred and Hybrid Securities Trust preferred securities (Trust Securities) are issued by trust companies (the Trusts) which are not consolidated.
These Trust Securities are mandatorily redeemable preferred security obligations of the Trusts.
The sole assets of the Trusts are Junior Subordinated Deferrable Interest Notes of the Corporation or its subsidiaries (the Notes).
The Trusts are 100 percent owned finance subsidiaries of the Corporation.
Obligations associated with the Notes are included in the Long-term Debt table on the previous page.
Certain of the Trust Securities were issued at a discount and may be redeemed prior to maturity at the option of the Corporation.
The Trusts have invested the proceeds of such Trust Securities in the Notes.
Each issue of the Notes has an interest rate equal to the corresponding Trust Securities distribution rate.
The Corporation has the right to defer payment of interest on the Notes at any time or from time to time for a period not exceeding five years provided that no extension period may extend beyond the stated maturity of the relevant Notes.
During any such extension period, distributions on the Trust Securities will also be deferred and the Corporation’s ability to pay dividends on its common and preferred stock will be restricted.
The Trust Securities are subject to mandatory redemption upon repayment of the related Notes at their stated maturity dates or their earlier redemption at a redemption price equal to their liquidation amount plus accrued distributions to the date fixed for redemption and the premium, if any, paid by the Corporation upon concurrent repayment of the related Notes.
Periodic cash payments and payments upon liquidation or redemption with respect to Trust Securities are guaranteed by the Corporation to the extent of funds held by the Trusts (the Preferred Securities Guarantee).
The Preferred Securities Guarantee, when taken together with the Corporation’s other obligations, including its obligations under the Notes, will constitute a full and unconditional guarantee, on a subordinated basis, by the Corporation of payments due on the Trust Securities.
Hybrid Income Term Securities (HITS) totaling $1.6 billion were also issued by the Trusts to institutional investors in 2007.
The BAC Capital Trust XIII Floating Rate Preferred HITS have a distribution rate of threemonth LIBOR plus 40 bps and the BAC Capital Trust XIV Fixed-to-Floating Rate Preferred HITS have an initial distribution rate of 5.63 percent.
Both series of HITS represent beneficial interests in the assets of the respective capital trust, which consists of a series of the Corporation’s junior subordinated notes and a stock purchase contract for a specified series of the Corporation’s preferred stock.
The Corporation will remarket the junior subordinated notes underlying each series of HITS on or about the five year anniversary of the issuance to obtain sufficient funds for the capital trusts to buy the Corporation’s preferred stock under the stock purchase contracts.
In connection with the HITS, the Corporation entered into two replacement capital covenants for the benefit of investors in certain series of the Corporation’s long-term indebtedness (Covered Debt).
As of December 31, 2008, the Corporation’s 6.625% Junior Subordinated Notes due 2036 constitutes the Covered Debt under the covenant corresponding to the Floating Rate Preferred HITS and the Corporation’s 5.625% Junior Subordinated Notes due 2035 constitutes the Covered Debt under the covenant corresponding to the Fixed-to-Floating Rate Preferred HITS.
These covenants generally restrict the ability of the Corporation and its subsidiaries to redeem or purchase the HITS and related securities unless the Corporation has obtained the prior approval of the Board of Governors of the Federal Reserve System (FRB) if required under the FRB’s capital guidelines, the redemption or purchase price of the HITS does not exceed the amount received by the Corporation from the sale of certain qualifying securities, and such replacement securities qualify as Tier 1 Capital and are not “restricted core capital elements” under the FRB’s guidelines.
Included in the outstanding Trust Securities and Notes in the following table are non-consolidated wholly owned subsidiary funding vehicles of BAC North America Holding Company (BACNAH) and its subsidiaries that issued preferred securities (Funding Securities).
These subsidiary funding vehicles have invested the proceeds of their Funding Securities in separate series of preferred securities of BACNAH or its subsidiaries, as applicable (BACNAH Preferred Securities).
The BACNAH Preferred Securities (and the corresponding Funding Securities) are non-cumulative and permit nonpayment of dividends within certain limitations.
The issuance dates for the BACNAH Preferred Securities (and the related Funding Securities) range from 2000 to 2001.
These Funding Securities are subject to mandatory redemption upon repayment by the issuer of the corresponding series of BACNAH Preferred Securities at a redemption price equal to their liquidation amount plus accrued and unpaid distributions for up to one quarter.
For additional information on Trust Securities for regulatory capital purposes, see Note 15 – Regulatory Requirements and Restrictions to the Consolidated Financial Statements.
## Table 1 ##
GCIB provides a wide range of financial services to both our issuer and investor clients that range from business banking clients to large international corporate and institutional investor clients using a strategy to deliver value-added financial products, transaction and advisory services.
GCIB’s products and services are delivered from three primary businesses: Business Lending, CMAS, and Treasury Services, and are provided to our clients through a global team of client relationship managers and product partners.
In addition, ALM/Other includes the results of ALM activities and other GCIB activities.
Our clients are supported through offices in 22 countries that are divided into four distinct geographic regions: U. S.  and Canada; Asia; Europe, Middle East, and Africa; and Latin America.
For more information on our foreign operations, see Foreign Portfolio beginning on page 79.
On January 1, 2009, we acquired Merrill Lynch in exchange for common and preferred stock with a value of $29.1 billion, creating a premier financial services franchise with significantly enhanced wealth management, investment banking and international capabilities.
In addition, the acquisition adds strengths in debt and equity underwriting, sales and trading, and global merger and acquisition advice, creating significant opportunities to deepen relationships with corporate and institutional clients around the globe.
For more information related to the Merrill Lynch acquisition, see Note 2 – Merger and Restructuring Activity to the Consolidated Financial Statements.
During 2008, we reached an agreement with the Massachusetts Securities Division under which we offered to purchase at par ARS held by our retail customers, including individual investors, businesses, and charitable organizations.
Further in October 2008, we announced other agreements in principle with the SEC, the Office of the NYAG, and the North American Securities Administrators Association.
These agreements are substantially similar except that the agreement with the NYAG requires the payment of a penalty.
These agreements will cover approximately $5.3 billion in ARS held by an estimated 5,600 of our customers.
We purchased approximately $4.7 billion of securities, $2.7 billion of which were purchased by GWIM and $2.0 billion of which were purchased by GCIB.
During the year, we recognized mark-to-market losses of $181 million and $312 million in GWIM and GCIB on these securities and a penalty of $50 million which was equally allocated to GWIM and GCIB.
As of December 31, 2008, our remaining commitment to purchase ARS was $675 million of which $537 million related to GWIM and $138 million related to GCIB.
Net income decreased $524 million to a net loss of $14 million and total revenue decreased $211 million, or two percent, to $13.4 billion in 2008 compared to 2007.
These decreases were driven by losses resulting from our CDO and other trading exposures.
Additionally, we experienced an increase in provision for credit losses which was partially offset by higher net interest income and a decrease in noninterest expense.
Net interest income increased $5.3 billion, or 48 percent, driven primarily by higher market-based net interest income which benefited from the steepening of the yield curve and product mix.
Additionally, net interest income benefited from growth in average loans and leases of $62.6 billion, or 23 percent, combined with a higher margin on ALM activities.
These benefits were partially offset by the impact of competitive deposit pricing and a shift in the deposit product mix as more customers moved their deposits to higher yielding products.
The growth in average loans and deposits was due to the LaSalle merger as well as organic growth.
Noninterest income decreased $5.5 billion to a loss of $3.1 billion in 2008 compared to 2007, driven by declines in trading account profits (losses) of $1.0 billion and other income of $5.2 billion.
For more information on the aforementioned decreases, see the CMAS discussion.
Additionally, noninterest income benefited from the favorable impact of the Visa IPO transactions and an increase in service charge income.
The provision for credit losses increased $2.4 billion to $3.1 billion in 2008 compared to 2007 reflecting higher credit costs in Business Lending.
For further information, see the Business Lending discussion.
Noninterest expense decreased $1.8 billion, or 15 percent, mainly due to a reduction in performance-based incentive compensation in CMAS and the impact of certain benefits associated with the Visa IPO transactions, partially offset by the addition of LaSalle.
Business Lending Business Lending provides a wide range of lending-related products and services to our clients through client relationship teams along with various product partners.
Products include commercial and corporate bank loans and commitment facilities which cover our business banking clients, middle-market commercial clients and our large multinational corporate clients.
Real estate lending products are issued primarily to public and private developers, homebuilders and commercial real estate firms.
Leasing and asset-based lending products offer our clients innovative financing products.
Products also include indirect consumer loans which allow us to offer financing through automotive, marine, motorcycle and recreational vehicle dealerships across the U. S.  Business Lending also contains the results for the economic hedging of our risk to certain middle-market and real estate-related commercial credit counterparties utilizing various risk mitigation tools.
Net income decreased $278 million, or 14 percent, to $1.7 billion in 2008 compared to 2007 as increases in net interest income and noninterest income combined with a decrease in noninterest expense were more than offset by increases in provision for credit losses.
Net interest income increased $1.3 billion, or 26 percent, driven by average loan growth of 25 percent to $311.0 billion.
The increase in average loans and leases was attributable to the LaSalle acquisition and organic growth primarily in commercial – domestic and real estate loans.
The increase in noninterest income of $443 million, or 38 percent, was mainly driven by improved economic hedging results of our exposures to certain commercial clients and an increase in service charges.
The provision for credit losses increased $2.4 billion to $3.1 billion in 2008 compared to 2007, reflecting reserve increases and higher chargeoffs primarily due to the continued weakness in the housing markets on the homebuilder portfolio.
Also contributing to this increase were higher commercial – domestic and foreign net charge-offs which increased from
Table 26 Commercial Credit Exposure by Type
## Table 2 ##
(1) Exposure includes standby letters of credit, financial guarantees, commercial letters of credit and bankers’ acceptances for which the bank is legally bound to advance funds under prescribed conditions, during a specified period.
Although funds have not been advanced, these exposure types are considered utilized for credit risk management purposes.
(2) Total commercial utilized exposure at December 31, 2008 and 2007 includes loans and issued letters of credit measured at fair value in accordance with SFAS 159 and is comprised of loans outstanding of $5.4 billion and $4.6 billion and letters of credit at notional value of $1.4 billion and $1.1 billion.
(3) Total commercial unfunded exposure at December 31, 2008 and 2007 includes loan commitments measured at fair value in accordance with SFAS 159 with a notional value of $15.5 billion and $19.8 billion.
(4) Excludes unused business card lines which are not legally binding.
(5) Derivative assets are reported on a mark-to-market basis, reflect the effects of legally enforceable master netting agreements, and have been reduced by cash collateral of $34.8 billion and $12.8 billion at December 31, 2008 and 2007.
In addition to cash collateral, derivative assets are also collateralized by $7.7 billion and $8.5 billion of primarily other marketable securities at December 31, 2008 and 2007 for which credit risk has not been reduced.
(6) Total commercial committed asset held-for-sale exposure consists of $12.1 billion and $23.9 billion of commercial LHFS exposure (e. g. , commercial mortgage and leveraged finance) and $2.3 billion and $4.1 billion of investments held-for-sale exposure at December 31, 2008 and 2007.
Table 26 presents commercial credit exposure by type for utilized, unfunded and total binding committed credit exposure.
The increase in standby letters of credit and financial guarantees of $14.8 billion was concentrated in the government, healthcare providers and education sectors.
The increase in derivative assets of $27.6 billion was centered in interest rate swaps, foreign exchange contracts and credit derivatives, and was driven by interest rate shifts, especially during the latter part of the year, the strengthening of the U. S.  dollar against certain foreign currencies, and widening credit spreads.
The decrease of $13.6 billion in assets held-for-sale was driven primarily by distributions and sales, completed securitizations, reduced underwriting activity, and mark-to-market writedowns.
For more information on our credit derivatives, see Industry Concentrations beginning on page 76 and for more information on our funded leveraged finance and CMBS exposures refer to Management of Commercial Credit Risk Concentrations on page 70.
Table 27 presents commercial utilized reservable criticized exposure by product type.
Total commercial utilized reservable criticized exposure increased $19.8 billion from December 31, 2007, primarily due to increases in commercial – domestic reflecting deterioration across various lines of business and industries, and commercial real estate impacted by the housing markets weakness on the homebuilder sector of the portfolio and the effect of the slowing economy on other property types.
The table below excludes utilized criticized exposure related to assets held-for-sale of $4.2 billion and $2.9 billion, other utilized criticized exposure measured at fair value in accordance with SFAS 159 of $1.3 billion and $1.1 billion, and other utilized non-reservable criticized exposure of $4.8 billion and $368 million at December 31, 2008 and 2007.
See Commercial Loans Measured at Fair Value on page 74 for a discussion of the fair value portfolio.
Criticized assets in the held-for-sale portfolio, are carried at fair value or the lower of cost or market, including bridge exposure of $1.5 billion and $2.3 billion at December 31, 2008 and 2007 which are funded in the normal course of our Business Lending and CMAS businesses and are managed in part through our “originate to distribute” strategy (see Management of Commercial Credit Risk Concentrations on page 70 for more information on bridge financing).
The increase in other utilized non-reservable criticized exposure was driven by a combination of an increase in the positive mark-to-market on certain credit derivative assets, primarily related to monoline wraps, and downgrades on such positions.
For more information regarding counterparty credit risk on our derivative positions, see the Industry Concentrations discussion beginning on page 76.
## Table 3 ##
(1) Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities.
(2) Percentages are calculated as commercial utilized reservable criticized exposure divided by total commercial utilized reservable exposure for each exposure category.
(3) Excludes small business commercial – domestic exposure.
(4) In addition to reservable loans and leases, exposure includes standby letters of credit, financial guarantees, commercial letters of credit and bankers’ acceptances for which the bank is legally bound to advance funds under prescribed conditions, during a specified period.
Although funds have not been advanced, these exposure types are considered utilized for credit risk management purposes.
Augusta, Georgia mill and $2 million of costs associated with the sale of the Shorewood business.
## Table 4 ##
North American Consumer Packaging net sales were $1.9 billion in 2015 compared with $2.0 billion in 2014 and $2.0 billion in 2013.
Operating profits were $81 million ($91 million excluding the cost associated with the planned conversion of our Riegelwood mill to 100% pulp production, net of proceeds from the sale of the Carolina Coated Bristols brand, and sheet plant closure costs) in 2015 compared with $92 million ($100 million excluding sheet plant closure costs) in 2014 and $63 million ($110 million excluding paper machine shutdown costs and costs related to the sale of the Shorewood business) in 2013.
Coated Paperboard sales volumes in 2015 were lower than in 2014 reflecting weaker market demand.
The business took about 77,000 tons of market-related downtime in 2015 compared with about 41,000 tons in 2014.
Average sales price realizations increased modestly year over year as competitive pressures in the current year only partially offset the impact of sales price increases implemented in 2014.
Input costs decreased for energy and chemicals, but wood costs increased.
Planned maintenance downtime costs were $10 million lower in 2015.
Operating costs were higher, mainly due to inflation and overhead costs.
Foodservice sales volumes increased in 2015 compared with 2014 reflecting strong market demand.
Average sales margins increased due to lower resin costs and a more favorable mix.
Operating costs and distribution costs were both higher.
Looking ahead to the first quarter of 2016, Coated Paperboard sales volumes are expected to be slightly lower than in the fourth quarter of 2015 due to our exit from the coated bristols market.
Average sales price realizations are expected to be flat, but margins should benefit from a more favorable product mix.
Input costs are expected to be higher for wood, chemicals and energy.
Planned maintenance downtime costs should be $4 million higher with a planned maintenance outage scheduled at our Augusta mill in the first quarter.
Foodservice sales volumes are expected to be seasonally lower.
Average sales margins are expected to improve due to a more favorable mix.
Operating costs are expected to decrease.
European Consumer Packaging net sales in 2015 were $319 million compared with $365 million in 2014 and $380 million in 2013.
Operating profits in 2015 were $87 million compared with $91 million in 2014 and $100 million in 2013.
Sales volumes in 2015 compared with 2014 increased in Europe, but decreased in Russia.
Average sales margins improved in Russia due to slightly higher average sales price realizations and a more favorable mix.
In Europe average sales margins decreased reflecting lower average sales price realizations and an unfavorable mix.
Input costs were lower in Europe, primarily for wood and energy, but were higher in Russia, primarily for wood.
Looking forward to the first quarter of 2016, compared with the fourth quarter of 2015, sales volumes are expected to be stable.
Average sales price realizations are expected to be slightly higher in both Russia and Europe.
Input costs are expected to be flat, while operating costs are expected to increase.
Asian Consumer Packaging The Company sold its 55% equity share in the IP-Sun JV in October 2015.
Net sales and operating profits presented below include results through September 30, 2015.
Net sales were $682 million in 2015 compared with $1.0 billion in 2014 and $1.1 billion in 2013.
Operating profits in 2015 were a loss of $193 million (a loss of $19 million excluding goodwill and other asset impairment costs) compared with losses of $5 million in 2014 and $2 million in 2013.
Sales volumes and average sales price realizations were lower in 2015 due to over-supplied market conditions and competitive pressures.
Average sales margins were also negatively impacted by a less favorable mix.
Input costs and freight costs were lower and operating costs also decreased.
On October 13, 2015, the Company finalized the sale of its 55% interest in IP Asia Coated Paperboard (IPSun JV) business, within the Company's Consumer Packaging segment, to its Chinese coated board joint venture partner, Shandong Sun Holding Group Co. , Ltd.  for RMB 149 million (approximately USD $23 million).
During the third quarter of 2015, a determination was made that the current book value of the asset group exceeded its estimated fair value of $23 million, which was the agreed upon selling price.
The 2015 loss includes the net pre-tax impairment charge of $174 million ($113 million after taxes).
A pre-tax charge of $186 million was recorded during the third quarter in the Company's Consumer Packaging segment to write down the long-lived assets of this business to their estimated fair value.
In the fourth quarter of 2015, upon the sale and corresponding deconsolidation of IP-Sun JV from the Company's consolidated balance sheet, final adjustments were made resulting in a reduction of the impairment of $12 million.
The amount of pre-tax losses related to noncontrolling interest of the IP-Sun JV included in the Company's consolidated statement of operations for the years ended December 31, 2015, 2014 and 2013 were $19 million, $12 million and $8 million, respectively.
The amount of pre-tax losses related to the IP-Sun JV included in the Company's

Tables referenced above, in order (Table 0 first):
<table><tr><td>(Dollars in millions)</td><td> 2009</td><td> 2010</td><td> 2011</td><td> 2012</td><td> 2013</td><td> Thereafter</td><td> Total</td></tr><tr><td>Bank of America Corporation</td><td>$18,411</td><td>$21,781</td><td>$13,299</td><td>$25,928</td><td>$7,233</td><td>$84,810</td><td>$171,462</td></tr><tr><td>Bank of America, N.A. and other subsidiaries</td><td>15,466</td><td>11,584</td><td>75</td><td>5,667</td><td>86</td><td>10,081</td><td>42,959</td></tr><tr><td>NB Holdings Corporation</td><td>–</td><td>–</td><td>–</td><td>–</td><td>–</td><td>258</td><td>258</td></tr><tr><td>BAC North America Holding Company and subsidiaries</td><td>73</td><td>92</td><td>51</td><td>15</td><td>26</td><td>1,736</td><td>1,993</td></tr><tr><td>Other</td><td>8,932</td><td>15,947</td><td>13,604</td><td>5,490</td><td>5,026</td><td>2,621</td><td>51,620</td></tr><tr><td> Total</td><td>$42,882</td><td>$49,404</td><td>$27,029</td><td>$37,100</td><td>$12,371</td><td>$99,506</td><td>$268,292</td></tr></table>
<table><tr><td></td><td colspan="2"> December 31</td><td colspan="2"> Average Balance</td></tr><tr><td>(Dollars in millions)</td><td> 2008</td><td>2007</td><td> 2008</td><td>2007</td></tr><tr><td>Total loans and leases</td><td>$340,692</td><td>$326,042</td><td>$337,352</td><td>$274,725</td></tr><tr><td>Total trading-related assets</td><td>247,552</td><td>308,316</td><td>341,544</td><td>362,195</td></tr><tr><td>Total market-based earning assets<sup>-1</sup></td><td>244,914</td><td>360,276</td><td>368,751</td><td>412,587</td></tr><tr><td>Total earning assets<sup>-2</sup></td><td>589,431</td><td>675,407</td><td>699,708</td><td>677,215</td></tr><tr><td>Total assets<sup>-2</sup></td><td>707,170</td><td>778,158</td><td>816,832</td><td>771,219</td></tr><tr><td>Total deposits</td><td>251,798</td><td>246,242</td><td>239,097</td><td>219,891</td></tr></table>
<table><tr><td></td><td colspan="6"> December 31</td></tr><tr><td></td><td colspan="2"> Commercial Utilized<sup>-1, 2</sup></td><td colspan="2"> Commercial Unfunded<sup>-3, 4</sup></td><td colspan="2"> TotalCommercial Committed</td></tr><tr><td>(Dollars in millions)</td><td> 2008</td><td>2007</td><td> 2008</td><td>2007</td><td> 2008</td><td>2007</td></tr><tr><td>Loans and leases</td><td>$342,767</td><td>$325,143</td><td>$300,856</td><td>$329,396</td><td>$643,623</td><td>$654,539</td></tr><tr><td>Standby letters of credit and financial guarantees</td><td>72,840</td><td>58,747</td><td>4,740</td><td>4,049</td><td>77,580</td><td>62,796</td></tr><tr><td>Derivative assets<sup>-5</sup></td><td>62,252</td><td>34,662</td><td>–</td><td>–</td><td>62,252</td><td>34,662</td></tr><tr><td>Assets held-for-sale<sup>-6</sup></td><td>14,206</td><td>26,475</td><td>183</td><td>1,489</td><td>14,389</td><td>27,964</td></tr><tr><td>Commercial letters of credit</td><td>2,974</td><td>4,413</td><td>791</td><td>140</td><td>3,765</td><td>4,553</td></tr><tr><td>Bankers’ acceptances</td><td>3,389</td><td>2,411</td><td>13</td><td>2</td><td>3,402</td><td>2,413</td></tr><tr><td>Foreclosed properties</td><td>321</td><td>75</td><td>–</td><td>–</td><td>321</td><td>75</td></tr><tr><td> Total commercial credit exposure</td><td>$498,749</td><td>$451,926</td><td>$306,583</td><td>$335,076</td><td>$805,332</td><td>$787,002</td></tr></table>
<table><tr><td></td><td colspan="4"> December 31</td></tr><tr><td></td><td colspan="2">2008</td><td colspan="2">2007</td></tr><tr><td>(Dollars in millions)</td><td> Amount</td><td>Percent -2</td><td>Amount</td><td>Percent<sup>-2</sup></td></tr><tr><td>Commercial – domestic<sup>-3</sup></td><td>$18,963</td><td>7.20%</td><td>$8,537</td><td>3.55%</td></tr><tr><td>Commercial real estate</td><td>13,830</td><td>19.73</td><td>6,750</td><td>10.25</td></tr><tr><td>Commercial lease financing</td><td>1,352</td><td>6.03</td><td>594</td><td>2.63</td></tr><tr><td>Commercial – foreign</td><td>1,459</td><td>3.65</td><td>449</td><td>1.23</td></tr><tr><td></td><td>35,604</td><td>8.99</td><td>16,330</td><td>4.47</td></tr><tr><td>Small business commercial – domestic</td><td>1,333</td><td>6.94</td><td>846</td><td>4.37</td></tr><tr><td> Total commercial utilized reservable criticized exposure<sup>-4</sup></td><td>$36,937</td><td>8.90</td><td>$17,176</td><td>4.46</td></tr></table>
<table><tr><td>In millions</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>Sales</td><td>$2,940</td><td>$3,403</td><td>$3,435</td></tr><tr><td>Operating Profit (Loss)</td><td>-25</td><td>178</td><td>161</td></tr></table>

Question: What's the growth rate of small business commercial – domestic in 2008?
Answer: 0.57565
Reasoning program: subtract(1333,846), divide(#0,846)