Bank of America ( BAC) was directly involved in markdowns that contributed to Merrill Lynch's loss of $15.3 billion in the fourth quarter of 2008, the Financial Times reports, citing sources familiar with the matter. The fourth quarter was Merrill's last reporting period before it was acquired by Bank of America on Jan. 1. Bank of America requested more federal aid after it learned of the massive losses linked to the investment bank. Sources tell the Financial Times that Neil Cotty, BofA's chief accounting officer, played an active role in preparing accounts. With Cotty's involvement in December, Merrill took a fourth-quarter writedown of $1.9 billion in leveraged loans and a $2.9 billion reserve against an exposure to derivatives linked to asset-backed securities. He also gave his OK to a $1 billion writedown of credit default swaps involving investment grade companies, the newspaper reports. The Financial Times reports Cotty, in a statement issued by Bank of America, said: "While BofA had access to Merrill's financial information in the fourth quarter and had input into many accounting policy and valuation issues, Merrill management was responsible for these decisions regarding the marks and other valuations." Meanwhile, New York Attorney General Andrew Cuomo received the identities Thursday of the 200 highest-paid bonus recipients at Merrill Lynch prior to the merger, the Wall Street Journal reports. Cuomo is investigating whether Bank of America and Merrill failed to provide proper disclosures to shareholders about the bonuses, which are valued at about $3.6 billion. The delivery of names followed an order Wednesday from New York State Supreme Court Justice Bernard Fried denying Bank of America's request that such details be kept confidential.