Supplemental Information

Exhibit 99.2

Supplemental Information

Third Quarter 2002

October 15, 2002

This information is preliminary and based on company data available at the time of the presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America does not undertake an obligation to, and disclaims any duty to, correct or update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in Bank of America’s reports filed with the SEC pursuant to the Securities Exchange Act of 1934, which are available at the SEC's website (www.sec.gov) or at Bank of America’s website (www.bankofamerica.com). Bank of America’s future financial performance is subject to risks and uncertainties as described in its SEC filings.

Bank of America Corporation

Results Overview

Diluted EPS of $1.45, up 4% from prior quarter and 6% over the third quarter of 2001, excluding prior year goodwill amortization expense and business exit charges.

Consumer and Commercial Banking revenue grew 7% over the prior quarter and 11% over the third quarter of 2001.

Consumer revenue strength included solid growth in net interest income as well as fee growth in mortgage, card and account service charge revenue.

Steady deposit growth continues as a result of material improvements in customer satisfaction from quality and productivity initiatives as well as new account growth.

Our market sensitive businesses, Global Corporate and Investment Banking, Asset Management and Equity Investments, experienced revenue declines of 18% from the prior quarter due to the continued weak market conditions.

Net charge-offs declined from the prior quarter level as well as the third quarter 2001 level.

Nonperforming assets rose 4% from prior quarter.

Bank of America Corporation

Consolidated Financial Highlights

	Year-to-Date 2002			Year-to-Date 2001			Third Quarter 2002			Second Quarter 2002			First Quarter 2002			Fourth Quarter 2001			Third Quarter 2001
	(Dollars in millions, except per share information; shares in thousands)
Income statement
Total revenue	$	25,690		$	25,823		$	8,522		$	8,575		$	8,593		$	8,815		$	8,633
Provision for credit losses		2,532			2,886			804			888			840			1,401			1,251
Gains on sales of securities		326			82			189			93			44			393			97
Business exit costs		—			1,305			—			—			—			—			1,305
Other noninterest expense		13,604			14,081			4,620			4,490			4,494			5,324			4,606
Income tax expense		3,245			2,899			1,052			1,069			1,124			426			727
Net income		6,635			4,734			2,235			2,221			2,179			2,057			841
Diluted earnings per common share (1)		4.22			2.90			1.45			1.40			1.38			1.28			0.51
Average diluted common shares outstanding		1,573,203			1,632,928			1,546,347			1,592,250			1,581,848			1,602,886			1,634,063
Cash dividends paid per common share	$	1.80		$	1.68		$	0.60		$	0.60		$	0.60		$	0.60		$	0.56

Performance ratios
Return on average assets		1.36	%		0.98	%		1.33	%		1.38	%		1.39	%		1.25	%		0.52	%
Return on average common shareholders’ equity		18.71			13.03			19.02			18.47			18.64			16.70			6.78
Efficiency ratio (taxable-equivalent basis)		52.09			59.00			53.19			51.34			51.74			59.80			67.79

Book value per share of common stock	$	32.07		$	31.66		$	32.07		$	31.47		$	31.15		$	31.07		$	31.66
Market price per share of common stock:
High for the period	$	77.08		$	65.54		$	71.94		$	77.08		$	69.61		$	64.99		$	65.54
Low for the period		57.51			45.00			57.90			66.82			57.51			52.10			50.25
Closing price		63.80			58.40			63.80			70.36			68.02			62.95			58.40
Market capitalization		95,838			92,396			95,838			106,642			105,058			98,158			92,396
Number of banking centers		4,226			4,259			4,226			4,232			4,246			4,253			4,259
Number of ATM's		12,489			12,986			12,489			12,827			13,161			13,113			12,986
Full-time equivalent employees		134,135			143,824			134,135			135,489			137,240			142,670			143,824

(1)

Includes goodwill amortization of $.29 per share for year-to-date 2001 and $.09 per share in the fourth and third quarters of 2001.

	Year-to-Date 2002			Year-to-Date 2001			Third Quarter 2002			Second Quarter 2002			First Quarter 2002			Fourth Quarter 2001			Third Quarter 2001
	(Dollars in millions, except per share information; shares in thousands)
Supplemental Financial Data
Performance Metrics—Excludes nonrecurring charges (2)
Return on average assets		1.36	%		1.23	%		1.33	%		1.38	%		1.39	%		1.25	%		1.29	%
Return on average common shareholders’ equity		18.71			16.48			19.02			18.47			18.64			16.70			16.87
Efficiency ratio (taxable-equivalent basis)		52.09			53.99			53.19			51.34			51.74			59.80			52.82
Shareholder value added	$	2,546		$	2,293		$	880		$	834		$	832		$	793		$	824

Taxable-equivalent basis data
Net interest income	$	15,974		$	15,128		$	5,465		$	5,262		$	5,247		$	5,505		$	5,290
Total Revenue		26,115			26,078			8,685			8,743			8,687			8,903			8,719
Net interest yield		3.78	%		3.59	%		3.75	%		3.75	%		3.85	%		3.95	%		3.78	%

(2)

Excludes nonrecurring charges for provision for credit losses of $395 million and noninterest expense of $1.3 billion, both of which are related to the exit of certain consumer finance businesses in the third quarter of 2001. Noninterest expense charges consisted of goodwill write-offs, auto lease residual charges, real estate servicing asset charges and other transaction costs. The impact of business exit charges on net income for the three months ended September 30, 2001 was $1.25 billion or $0.77 per share (diluted). The impact of business exit charges on net income for the nine months ended September 30, 2001 was $1.25 billion or $0.76 per share (diluted). Nonrecurring charges are charges associated with a one time event that is not reasonably expected to recur in the foreseeable future. The Corporation believes that the exclusion of nonrecurring charges provides a meaningful comparison to results in prior periods and reflects the results of its core operations.

Certain prior period amounts have been reclassified to conform to current period classifications.

Bank of America Corporation

Consolidated Statement of Income

	Year-to - Date 2002			Year-to - Date 2001		Third Quarter 2002			Second Quarter 2002			First Quarter 2002		Fourth Quarter 2001			Third Quarter 2001

	(Dollars in millions, except per share information; shares in thousands)
Interest income
Interest and fees on loan and leases	$	16,528		$	21,455	$	5,553		$	5,530		$	5,445	$	5,824		$	6,543
Interest and dividends on securities		2,974			2,631		1,104			924			946		1,075			892
Federal funds sold and securities purchased under agreements to resell		662			1,161		177			270			215		254			321
Trading account assets		2,832			2,712		1,006			948			878		912			930
Other interest income		1,044			1,529		345			312			387		740			636

Total interest income		24,040			29,488		8,185			7,984			7,871		8,805			9,322

Interest expense
Deposits		4,142			7,173		1,414			1,384			1,344		1,713			2,097
Short-term borrowings		1,532			3,467		526			529			477		700			869
Trading account liabilities		971			887		342			344			285		268			285
Long-term debt		1,846			3,088		601			633			612		707			867

Total interest expense		8,491			14,615		2,883			2,890			2,718		3,388			4,118

Net interest income		15,549			14,873		5,302			5,094			5,153		5,417			5,204
Noninterest income
Consumer service charges		2,189			2,120		763			734			692		746			712
Corporate service charges		1,717			1,538		585			565			567		540			528

Total service charges		3,906			3,658		1,348			1,299			1,259		1,286			1,240

Consumer investment and brokerage services		1,174			1,164		373			420			381		382			386
Corporate investment and brokerage services		522			415		174			178			170		151			142

Total investment and brokerage services		1,696			1,579		547			598			551		533			528

Mortgage banking income		545			426		218			135			192		167			109
Investment banking income		1,123			1,106		318			464			341		473			305
Equity investment gains/(losses)		(226	)		340		(216	)		(36	)		26		(49	)		22
Card income		1,881			1,792		685			620			576		629			618
Trading account profits (1)		679			1,508		71			263			345		334			433
Other income		537			541		249			138			150		25			174

Total noninterest income		10,141			10,950		3,220			3,481			3,440		3,398			3,429

Total revenue		25,690			25,823		8,522			8,575			8,593		8,815			8,633
Provision for credit losses (2)		2,532			2,886		804			888			840		1,401			1,251
Gains on sales of securities		326			82		189			93			44		393			97
Noninterest expense
Personnel		7,200			7,239		2,368			2,386			2,446		2,590			2,304
Occupancy		1,330			1,309		457			441			432		465			448
Equipment		832			835		291			279			262		280			273
Marketing		550			516		210			170			170		166			165
Professional fees		339			411		126			122			91		153			144
Amortization of intangibles		164			665		54			55			55		213			219
Data processing		726			552		295			226			205		224			175
Telecommunications		361			368		119			123			119		116			121
Business exit costs (2)		—			1,305		—			—			—		—			1,305
Other general operating		2,102			2,186		700			688			714		1,117			757

Total noninterest expense		13,604			15,386		4,620			4,490			4,494		5,324			5,911

Income before income taxes		9,880			7,633		3,287			3,290			3,303		2,483			1,568
Income tax expense		3,245			2,899		1,052			1,069			1,124		426			727

Net income	$	6,635		$	4,734	$	2,235		$	2,221		$	2,179	$	2,057		$	841

Income available to common shareholders		6,631			4,730		2,233			2,220			2,178		2,056			839

Per common share information
Earnings		4.34			2.95		1.49			1.45			1.41		1.31			0.52

Diluted earnings(3)		4.22			2.90		1.45			1.40			1.38		1.28			0.51

Dividends		1.80			1.68		0.60			0.60			0.60		0.60			0.56

Average common shares issued and outstanding		1,526,946			1,603,340		1,504,017			1,533,783			1,543,471		1,570,083			1,599,692

Average diluted common shares issued and outstanding		1,573,203			1,632,928		1,546,347			1,592,250			1,581,848		1,602,886			1,634,063

(1)

Trading account profits for year-to-date 2001 included the $83 million transition adjustment loss resulting from adoption of Statement of Financial Accounting Standards No.133, “Accounting for Derivative Instruments and Hedging Activities,” on January 1, 2001.

(2)

Results include provision for credit losses of $395 million and noninterest expense of $1.3 billion, both of which are related to the exit of certain consumer finance businesses in the third quarter of 2001.

(3)

Includes goodwill amortization of $.29 per share in year-to-date 2001 and $.09 per share in the fourth and third quarters of 2001.

Certain prior period amounts have been reclassified to conform to current period presentation.

Bank of America Corporation

Consolidated Balance Sheet

	September 30 2002			June 30 2002			September 30 2001
	(Dollars in millions)
Assets
Cash and cash equivalents	$	24,469		$	21,309		$	23,280
Time deposits placed and other short-term investments		6,397			6,307			4,629
Federal funds sold and securities purchased under agreements to resell		40,371			35,449			26,450
Trading account assets		56,907			63,466			53,471
Derivative assets		32,838			24,809			23,816
Securities:
Available-for-sale		88,571			82,143			74,815
Held-to-maturity		1,010			1,020			1,149

Total securities		89,581			83,163			75,964

Loans and leases		341,091			340,394			339,018
Allowance for credit losses		(6,861	)		(6,873	)		(6,665	)

Loans and leases, net of allowance for credit losses		334,230			333,521			332,353

Premises and equipment, net		6,758			6,755			6,372
Mortgage banking assets		2,129			3,404			3,477
Goodwill		11,389			10,950			11,028
Core deposits and other intangibles		1,127			1,184			1,330
Other assets		53,812			48,131			77,935

Total assets	$	660,008		$	638,448		$	640,105

Liabilities
Deposits in domestic offices:
Noninterest-bearing	$	116,847		$	101,163		$	98,881
Interest-bearing		228,174			224,582			215,569
Deposits in foreign offices:
Noninterest-bearing		1,928			1,750			1,854
Interest-bearing		30,466			33,274			43,566

Total deposits		377,415			360,769			359,870

Federal funds purchased and securities sold under agreements to repurchase		61,823			56,678			59,839
Trading account liabilities		26,031			25,751			22,575
Derivative liabilities		23,701			17,800			18,193
Commercial paper		149			1,946			2,544
Other short-term borrowings		34,272			31,027			20,396
Accrued expenses and other liabilities		22,393			32,002			40,369
Long-term debt		59,954			59,181			61,213
Trust preferred securities		6,031			5,530			4,955

Total liabilities		611,769			590,684			589,954

Shareholders’ equity
Preferred stock, $0.01 par value; authorized—100,000,000 shares; issued and outstanding 1,391,749, 1,411,750 and 1,556,979 shares		60			60			67
Common stock, $0.01 par value; authorized—5,000,000,000 shares; issued and outstanding 1,502,161,891, 1,515,667,160 and 1,582,129,416 shares		674			1,499			6,491
Retained earnings		46,870			45,546			41,857
Accumulated other comprehensive income/(loss)		613			660			1,731
Other		22			(1	)		5

Total shareholders’ equity		48,239			47,764			50,151

Total liabilities and shareholders’ equity	$	660,008		$	638,448		$	640,105

Bank of America Corporation

Capital Management

	3Q01			4Q01			1Q02			2Q02			3Q02*
	(Dollars in millions)
Tier 1 capital	$	41,517		$	41,979		$	42,078		$	41,097		$	41,732
Total capital		63,311			64,124			64,158			63,108			63,505
Net risk-weighted assets		522,291			506,020			496,227			508,008			513,085
Tier 1 capital ratio		7.95	%		8.30	%		8.48	%		8.09	%		8.13	%
Total capital ratio		12.12			12.67			12.93			12.42			12.38
Ending equity / ending assets		7.83			7.80			7.77			7.48			7.31
Ending capital / ending assets		8.61			8.69			8.66			8.35			8.22
Average equity / average assets		7.66			7.50			7.44			7.47			6.97

Preliminary

Share Repurchase Program

99 million common shares were repurchased in the first nine months of 2002 as a part of ongoing share repurchase programs. 17 million common shares were repurchased during the third quarter of 2002.

33 million shares remain outstanding under current authorized program.

42 million shares were issued in the first three quarters of 2002 with 3 million shares issued during the third quarter, as part of stock option plans.

Bank of America Corporation

Average Balances and Interest Rates—Taxable-Equivalent Basis

	Third Quarter 2002						Second Quarter 2002						Third Quarter 2001
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
	(Dollars in millions)
Earning assets
Time deposits placed and other short-term investments	$	10,396	$	63	2.41	%	$	10,673	$	63	2.37	%	$	5,881	$	71	4.84	%
Federal funds sold and securities purchased under agreements to resell		40,294		178	1.76			48,426		270	2.23			36,133		321	3.54
Trading account assets		85,129		1,017	4.76			78,113		961	4.93			68,258		937	5.46
Total securities(1)		76,484		1,120	5.85			67,291		939	5.59			58,930		902	6.12
Loans and leases(2)
Commercial—domestic		106,039		1,728	6.47			111,522		1,887	6.78			129,673		2,343	7.17
Commercial—foreign		21,256		206	3.85			21,454		212	3.97			25,267		353	5.54
Commercial real estate—domestic		20,576		265	5.10			21,486		258	4.83			24,132		395	6.50
Commercial real estate—foreign		425		4	3.92			393		5	5.14			366		5	5.78

Total commercial		148,296		2,203	5.90			154,855		2,362	6.12			179,438		3,096	6.85

Residential mortgage		104,590		1,733	6.61			94,726		1,602	6.77			80,526		1,457	7.22
Home equity lines		23,275		314	5.35			22,579		305	5.41			22,115		394	7.06
Direct/Indirect consumer		30,029		530	7.01			30,021		542	7.25			30,670		607	7.85
Consumer finance		10,043		201	7.97			11,053		226	8.20			25,169		505	8.00
Bankcard		22,263		583	10.38			20,402		510	10.01			17,632		493	11.11
Foreign consumer		1,988		19	3.83			2,048		19	3.71			2,176		28	5.28

Total consumer		192,188		3,380	7.00			180,829		3,204	7.10			178,288		3,484	7.78

Total loans and leases		340,484		5,583	6.52			335,684		5,566	6.65			357,726		6,580	7.31

Other earning assets		27,461		387	5.61			22,005		353	6.42			30,180		597	7.89

Total earning assets(3)		580,248		8,348	5.73			562,192		8,152	5.81			557,108		9,408	6.72

Cash and cash equivalents		20,202						21,200						20,753
Other assets, less allowance for credit losses		68,699						63,207						64,323

Total assets	$	669,149					$	646,599					$	642,184

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	22,047		36	0.64		$	21,841		34	0.64		$	20,076		53	1.04
NOW and money market deposit accounts		132,939		362	1.08			129,856		346	1.07			116,638		588	2.00
Consumer CDs and IRAs		67,179		746	4.40			68,015		764	4.51			73,465		918	4.95
Negotiable CDs, public funds and other time deposits		4,254		51	4.73			4,635		30	2.43			5,085		57	4.44

Total domestic interest-bearing deposits		226,419		1,195	2.09			224,347		1,174	2.10			215,264		1,616	2.98

Foreign interest-bearing deposits(4)
Banks located in foreign countries		17,044		123	2.85			14,048		108	3.10			24,097		257	4.22
Governments and official institutions		2,188		10	1.85			2,449		12	1.89			3,533		35	3.90
Time, savings, and other		18,686		86	1.83			18,860		90	1.91			23,847		189	3.16

Total foreign interest-bearing deposits		37,918		219	2.29			35,357		210	2.38			51,477		481	3.71

Total interest-bearing deposits		264,337		1,414	2.12			259,704		1,384	2.14			266,741		2,097	3.12

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		108,281		526	1.93			97,579		529	2.17			89,042		869	3.87
Trading account liabilities		33,038		342	4.11			31,841		344	4.34			30,913		285	3.66
Long-term debt and trust preferred securities		64,880		601	3.71			65,940		633	3.84			67,267		867	5.15

Total interest-bearing liabilities(3)		470,536		2,883	2.44			455,064		2,890	2.55			453,963		4,118	3.61

Noninterest-bearing sources:
Noninterest-bearing deposits		109,596						106,282						96,587
Other liabilities		42,365						36,979						42,432
Shareholders’ equity		46,652						48,274						49,202

Total liabilities and shareholders’ equity	$	669,149					$	646,599					$	642,184

Net interest spread					3.29						3.26						3.11
Impact of noninterest-bearing sources					0.46						0.49						0.67

Net interest income/yield on earning assets(4)			$	5,465	3.75	%			$	5,262	3.75	%			$	5,290	3.78	%

(1)

The average balance and yield on securities are based on the average of historical amortized cost balances.

(2)

Nonperforming loans are included in the respective average loan balances. Income on such nonperforming loans is recognized on a cash basis.

(3)

Interest income includes the impact of interest rate risk management contracts, which increased interest income by $397 million and $509 million in the third and second quarters of 2002 and $284 million in the third quarter of 2001, respectively. These amounts were substantially offset by corresponding decreases in the income earned on the underlying assets. Interest expense includes the impact of interest rate risk management contracts, which (increased) decreased interest expense by $(69) million and $(65) million in the third and second quarters of 2002 and $31 million in the third quarter of 2001, respectively. These amounts were substantially offset by corresponding decreases (increases) in the interest paid on the underlying liabilities.

(4)

Primarily consists of time deposits in denominations of $100,000 or more.

Bank of America Corporation

Average Balances and Interest Rates—Taxable-Equivalent Basis

	Year-to-Date 2002						Year-to-Date 2001
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
	(Dollars in millions)
Earning assets
Time deposits placed and other short-term investments	$	10,437	$	187	2.40	%	$	6,544	$	254	5.20	%
Federal funds sold and securities purchased under agreements to resell		44,451		662	1.99			33,980		1,161	4.56
Trading account assets		78,005		2,866	4.91			66,041		2,733	5.52
Total securities(1)		72,450		3,022	5.56			56,637		2,671	6.29
Loans and leases(2)
Commercial—domestic		111,204		5,592	6.72			137,670		7,741	7.52
Commercial—foreign		21,540		644	3.99			27,403		1,287	6.28
Commercial real estate—domestic		21,431		798	4.98			25,131		1,384	7.36
Commercial real estate—foreign		402		13	4.34			339		17	6.67

Total commercial		154,577		7,047	6.09			190,543		10,429	7.32

Residential mortgage		93,559		4,724	6.74			82,519		4,535	7.33
Home equity lines		22,626		913	5.40			21,940		1,285	7.83
Direct/Indirect consumer		30,136		1,623	7.20			30,377		1,883	8.29
Consumer finance		11,069		682	8.22			32,654		1,945	7.94
Bankcard		20,693		1,582	10.22			15,962		1,381	11.57
Foreign consumer		2,043		57	3.75			2,266		108	6.36

Total consumer		180,126		9,581	7.10			185,718		11,137	8.01

Total loans and leases		334,703		16,628	6.64			376,261		21,566	7.66

Other earning assets		23,918		1,100	6.14			22,575		1,358	8.04

Total earning assets(3)		563,964		24,465	5.79			562,038		29,743	7.07

Cash and cash equivalents		21,140						22,327
Other assets, less allowance for credit losses		66,153						64,424

Total assets	$	651,257					$	648,789

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	21,539		103	0.64		$	20,233		171	1.13
NOW and money market deposit accounts		130,025		1,044	1.07			112,263		2,072	2.47
Consumer CDs and IRAs		68,176		2,240	4.39			75,322		2,955	5.24
Negotiable CDs, public funds and other time deposits		4,520		112	3.29			6,068		246	5.42

Total domestic interest-bearing deposits		224,260		3,499	2.09			213,886		5,444	3.40

Foreign interest-bearing deposits(4)
Banks located in foreign countries		15,525		338	2.91			24,283		882	4.86
Governments and official institutions		2,511		36	1.90			3,835		132	4.59
Time, savings, and other		19,051		269	1.89			23,304		715	4.11

Total foreign interest-bearing deposits		37,087		643	2.32			51,422		1,729	4.50

Total interest-bearing deposits		261,347		4,142	2.12			265,308		7,173	3.61

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		97,655		1,532	2.10			94,223		3,467	4.92
Trading account liabilities		31,989		971	4.06			30,019		887	3.95
Long-term debt and trust preferred securities		66,161		1,846	3.72			70,121		3,088	5. 87

Total interest-bearing liabilities(3)		457,152		8,491	2.48			459,671		14,615	4.25

Noninterest-bearing sources:
Noninterest-bearing deposits		106,795						95,485
Other liabilities		39,853						45,036
Shareholders’ equity		47,457						48,597

Total liabilities and shareholders’ equity	$	651,257					$	648,789

Net interest spread					3.31						2.82
Impact of noninterest-bearing sources					0.47						0.77

Net interest income/yield on earning assets(4)			$	15,974	3.78	%			$	15,128	3.59	%

(1)

The average balance and yield on securities are based on the average of historical amortized cost balances.

(2)

Nonperforming loans are included in the respective average loan balances. Income on such nonperforming loans is recognized on a cash basis.

(3)

Interest income includes the impact of interest rate risk management contracts, which increased interest income by $1.5 billion and $505 million in 2002 and 2001, respectively. These amounts were substantially offset by corresponding decreases in the income earned on the underlying assets. Interest expense includes the impact of interest rate risk management contracts, which (increased) decreased interest expense by $(79) million and $103 million in 2002 and 2001, respectively. These amounts were substantially offset by corresponding decreases (increases) in the interest paid on the underlying liabilities.

(4)

Primarily consists of time deposits in denominations of $100,000 or more.

Bank of America Corporation

Customer Segment View

Net Income

Year-to-date

	2002			2001			% Increase (Decrease)
	(Dollars in millions)
Customer Segments:
Consumer	$	2,383		$	1,962		21.5	%
Premier		396			321		23.4
Private		197			324		(39.2	)
Small Business		731			632		15.7
Commercial		1,018			846		20.3
Corporate		1,494			1,521		(1.8	)%
Equity Investments		(249	)		(17	)	n/m
Corporate Other (1)		665			(855	)	n/m

Total Net Income	$	6,635		$	4,734			(1)

(1)

Includes provision for credit losses of $395 million and noninterest expense of $1.3 billion, both of which are related to the exit of certain consumer finance businesses in the third quarter of 2001. The impact of these charges on net income was $1.25 billion.

Bank of America Corporation

Consumer and Commercial Banking Segment Results

	Year-to-Date						Quarterly
	2002			2001			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01			3 Qtr 01
	(Dollars in millions)
Key Measures
Total Revenue*	$	16,910		$	15,509		$	5,902		$	5,531		$	5,477		$	5,549		$	5,311
Provision for Credit Losses		1,296			1,046			420			449			427			536			389
Net Income(1)		4,440			3,695			1,580			1,444			1,416			1,257			1,287
Shareholder Value Added		2,920			2,447			1,075			937			908			840			867
Return on Average Equity		32.3	%		25.7	%		34.6	%		31.5	%		30.8	%		26.2	%		26.7	%
Efficiency Ratio		50.9			54.3			51.0			50.4			51.1			54.2			53.0

Selected Average Balance
Sheet Components
Total Loans and Leases	$	182,715		$	177,633		$	183,035		$	182,863		$	182,238		$	179,548		$	179,194
Total Deposits		280,227			263,602			283,772			280,169			276,663			273,256			266,339
Total Earning Assets		279,296			261,955			285,267			278,199			274,297			270,678			265,232

Period end (in billions)
Mortgage Servicing Portfolio	$	278.7		$	313.4		$	278.7		$	287.8		$	289.9		$	299.1		$	313.4
Mortgage Originations
Retail		37.8			29.5			15.3			9.5			13.0			16.8			9.8
Wholesale		18.3			13.8			8.6			4.9			4.8			6.0			4.5
Correspondent		—			10.4			—			—			—			0.1			1.7

Consumer and Commercial Banking Sub-Segment Results

	Year-to-Date						Quarterly
		2002			2001			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01			3 Qtr 01
	(Dollars in millions)
Key Measures
Banking Regions
Total Revenue*	$	9,893		$	9,200		$	3,427		$	3,289		$	3,177		$	3,203		$	3,156
Net Income(2)		2,398			1,961			838			815			745			654			702
Shareholder Value Added		1,509			1,334			537			517			455			440			490
Efficiency Ratio		59.4	%		62.3	%		59.7	%		57.6	%		60.7	%		63.0	%		60.9	%

Consumer Products
Total Revenue*	$	4,425		$	3,700		$	1,590		$	1,396		$	1,439		$	1,432		$	1,266
Net Income(3)		1,184			949			437			350			397			368			316
Shareholder Value Added		923			712			350			263			310			286			234
Efficiency Ratio		38.3	%		42.2	%		38.0	%		40.5	%		36.5	%		38.4	%		41.4	%

Commercial Banking
Total Revenue*	$	2,592		$	2,609		$	885		$	846		$	861		$	914		$	889
Net Income(4)		858			785			305			279			274			235			269
Shareholder Value Added		488			401			188			157			143			114			143
Efficiency Ratio		39.9	%		42.4	%		40.6	%		39.0	%		39.9	%		48.3	%		41.4	%

Taxable-equivalent basis

(1)

Includes goodwill amortization of $316 million in year-to-date 2001; $105 million in both the fourth and third quarters of 2001.

(2)

Includes goodwill amortization of $261 million in year-to-date 2001; $87 million in both the fourth and third quarters of 2001.

(3)

Includes goodwill amortization of $21 million in year-to-date 2001; $7 million in both the fourth and third quarters of 2001.

(4)

Includes goodwill amortization of $34 million in year-to-date 2001; $11 million in both the fourth and third quarters of 2001.

Certain prior period amounts have been reclassified between segments to conform to the current period presentation.

Bank of America Corporation

E-Commerce & BankofAmerica.com

Bank of America has the largest active online banking customer base with over 4.3 million subscribers. This represents an active customer penetration rate of 30%.

Bank of America uses a strict Active User standard—customers must have used our online services within the last 90 days.

1.5 million active bill pay users paid over $7 billion worth of bills this quarter. The number of active bill pay users has increased 74% since the beginning of the year, driven by Bank of America's free bill pay promotion.

Currently, nearly 200 companies are presenting over 1.6 million e-bills per quarter.

Bank of America Corporation

Consumer Credit Card Results

Included within Consumer Products

	Year-to-Date						Quarterly
	2002			2001			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01			3 Qtr 01
	(Dollars in millions)
Key Measures

Outstandings:
Held (Period-End)	$	23,062		$	18,052		$	23,062		$	21,155		$	19,535		$	19,884		$	18,052
Managed (Period-End)		28,057			25,513			28,057			27,089			26,558			27,185			25,513

Held (Average)		20,693			15,962			22,263			20,402			19,383			18,656			17,632
Managed (Average)		26,997			24,165			27,540			26,902			26,539			26,040			25,310

Managed Income Statement:
Total Revenue	$	2,591		$	2,244		$	925		$	821		$	845		$	835		$	794
Provision Expense		1,156			1,030			392			393			371			350			357
Noninterest Expense		717			636			244			239			234			228			216

Net Income Before Taxes		718			578			289			189			240			257			221

Shareholder Value Added (SVA)	$	320		$	233		$	138		$	75		$	107		$	109		$	94

Credit Quality:
Charge-off $:
Held	$	795		$	464		$	285		$	269		$	241		$	208		$	181
Managed		1,086			852			356			375			355			322			307

Charge-off %:
Held		5.14	%		3.89	%		5.09	%		5.28	%		5.05	%		4.43	%		4.08	%
Managed		5.38			4.71			5.13			5.59			5.43			4.90			4.81

Managed Delinquency %:
30+		3.63	%		3.95	%		3.63	%		3.78	%		4.16	%		4.12	%		3.95	%
90+		1.66			1.68			1.66			1.76			1.95			1.75			1.68

Bank of America Corporation

Global Corporate and Investment Banking Segment Results

	Year-to-Date						Quarterly
	2002			2001			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01			3 Qtr 01
	(Dollars in millions)
Key Measures
Total Revenue*	$	6,740		$	7,195		$	2,039		$	2,362		$	2,339		$	2,390		$	2,286
Provision for Credit Losses		683			794			203			216			264			498			292
Net Income(1)		1,494			1,521			428			562			504			435			491
Shareholder Value Added		515			416			107			237			171			102			136
Return on Average Equity		17.9	%		15.1	%		15.6	%		20.3	%		17.7	%		14.2	%		15.1	%
Efficiency Ratio		55.5			55.8			58.3			53.9			54.8			56.6			53.9

Selected Average Balance
Sheet Components
Total Loans and Leases	$	63,841		$	85,897		$	60,821		$	63,926		$	66,840		$	71,711		$	78,219
Total Deposits		64,393			67,288			66,166			63,770			63,212			66,076			68,472
Total Earning Assets		199,017			195,398			203,326			201,213			192,392			186,445			191,763

Global Corporate and Investment Banking Sub-Segment Results

	Year-to-Date						Quarterly
	2002			2001			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01			3 Qtr 01
	(Dollars in millions)
Key Measures
Global Investment Banking
Total Revenue*	$	3,514		$	4,128		$	915		$	1,256		$	1,343		$	1,259		$	1,190
Net Income(2)		598			838			100			224			274			192			230
Shareholder Value Added		285			508			(8	)		118			175			93			123
Efficiency Ratio		72.9	%		67.7	%		86.4	%		70.6	%		65.9	%		74.9	%		69.4	%

Global Credit Products
Total Revenue*	$	1,935		$	1,958		$	716		$	658		$	561		$	726		$	702
Net Income(3)		573			472			242			209			122			154			172
Shareholder Value Added		(52	)		(266	)		43			3			(98	)		(67	)		(64	)
Efficiency Ratio		20.3	%		22.9	%		17.7	%		20.5	%		23.5	%		19.4	%		21.2	%

Global Treasury Services
Total Revenue*	$	1,291		$	1,109		$	408		$	448		$	435		$	405		$	394
Net Income(4)		323			211			86			129			108			89			89
Shareholder Value Added		282			174			72			116			94			76			77
Efficiency Ratio		61.0	%		69.9	%		66.5	%		56.0	%		61.0	%		66.1	%		65.2	%

Taxable-equivalent basis

(1)

Includes goodwill amortization of $81 million in year-to-date 2001; $27 million in both the fourth and third quarters of 2001.

(2)

Includes goodwill amortization of $42 million in year-to-date 2001; $14 million in both the fourth and third quarters of 2001.

(3)

Includes goodwill amortization of $32 million in year-to-date 2001; $11 million in both the fourth and third quarters of 2001.

(4)

Includes goodwill amortization of $7 million in year-to-date 2001; $2 million in both the fourth and third quarters of 2001.

Certain prior period amounts have been reclassified between segments to conform to the current period presentation.

Bank of America Corporation

Asset Management Segment Results

	Year-to-Date						Quarterly
	2002			2001			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01			3 Qtr 01
	(Dollars in millions)
Key Measures
Total Revenue*	$	1,799		$	1,850		$	581		$	620		$	598		$	625		$	610
Provision for Credit Losses		287			87			118			143			26			34			16
Net Income(1)		285			390			72			71			142			133			148
Shareholder Value Added		74			233			(4	)		3			75			80			95
Return on Average Equity		15.9	%		23.4	%		11.3	%		12.2	%		24.9	%		23.7	%		26.4	%
Efficiency Ratio		60.2			62.2			61.8			60.2			58.8			61.7			59.5

Selected Average Balance
Sheet Components
Total Loans and Leases	$	23,596		$	24,328		$	22,964		$	23,666		$	24,171		$	24,537		$	24,631
Total Deposits		11,860			11,883			11,967			11,776			11,837			11,936			11,837
Total Earning Assets		24,213			25,515			23,566			24,266			24,822			25,285			25,820

Period end (in billions)
Assets under Management	$	271.9		$	281.8		$	271.9		$	295.2		$	314.9		$	314.2		$	281.8
Client Brokerage Assets		87.1			93.6			87.1			90.5			96.6			99.4			93.6
Assets in Custody		42.1			43.1			42.1			41.0			46.0			46.9			43.1

Total Client Assets	$	401.1		$	418.5		$	401.1		$	426.7		$	457.5		$	460.5		$	418.5

Taxable-equivalent basis

(1)

Includes goodwill amortization of $35 million in year-to-date 2001; $12 million in both the fourth and third quarters of 2001.

Certain prior period amounts have been reclassified between segments to conform to the current period presentation.

Bank of America Corporation

Equity Investments Segment Results

	Year-to-Date						Quarterly
	2002			2001			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01			3 Qtr 01
	(Dollars in millions)
Key Measures
Total Revenue*	($	338	)	$	119		($	230	)	($	82	)	($	26	)	($	90	)	($	60	)
Provision for Credit Losses		—			—			—			—			—			9			—
Net Income(1)		(249	)		(17	)		(160	)		(56	)		(33	)		(98	)		(85	)
Shareholder Value Added		(438	)		(224	)		(222	)		(121	)		(95	)		(165	)		(156	)
Return on Average Equity		(15.6	)%		(0.9	)%		(30.5	)%		(10.3	)%		(6.4	)%		(17.1	)%		(13.7	)%
Efficiency Ratio		(19.4	)		127.6			(12.0	)		(11.7	)		(109.2	)		(69.9	)		(131.1	)

Selected Average Balance
Sheet Components
Total Loans and Leases	$	440		$	487		$	446		$	448		$	427		$	444		$	468
Total Deposits		—			17			—			—			—			—			—
Total Earning Assets		443			502			446			448			433			453			489

Period end
Investment Balances for Principal Investing	$	5,429		$	5,568		$	5,429		$	5,429		$	5,513		$	5,463		$	5,568

Taxable-equivalent basis

(1)

Includes goodwill amortization of $6 million in year-to-date 2001; $2 million in both the fourth and third quarters of 2001.

Certain prior period amounts have been reclassified between segments to conform to the current period presentation.

Bank of America Corporation

Corporate Other Results(1,2)

	Year-to-Date						Quarterly
	2002			2001			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01			3 Qtr 01
	(Dollars in millions)
Key Measures
Total Revenue*	$	1,004		$	1,405		$	393		$	312		$	299		$	429		$	572
Provision for Credit Losses		266			959			63			80			123			324			554
Net Income(3)		665			(855	)		315			200			150			330			(1,000	)
Shareholder Value Added		(525	)		(579	)		(76	)		(222	)		(227	)		(64	)		(118	)

Selected Average Balance
Sheet Components
Total Loans and Leases	$	64,111		$	87,916		$	73,218		$	64,781		$	54,125		$	57,115		$	75,214
Total Deposits		11,662			18,003			12,028			10,271			12,691			16,903			16,680
Total Earning Assets		143,103			143,815			158,036			138,750			132,241			145,361			141,847

Taxable-equivalent basis

(1)

Corporate Other consists primarily of gains and losses associated with managing the balance sheet of the Corporation, certain consumer finance and commercial lending businesses being liquidated, and certain residential mortgages originated by the mortgage group or otherwise acquired and held for asset/liability management purposes.

(2)

(3)

Includes goodwill amortization of $29 million in year-to-date 2001; $3 million and $7 million in the fourth and third quarters of 2001, respectively.

Certain prior period amounts have been reclassified between segments to conform to the current period presentation.

Bank of America Corporation

Net Charge-offs and Net Charge-off Ratios

	3Q01				4Q01				1Q02				2Q02				3Q02
	Amt.		Ratio		Amt.		Ratio		Amt.		Ratio		Amt.		Ratio		Amt.		Ratio
	(Dollars in millions)

Commercial—domestic (1)	$	412	1.26	%	$	714	2.33	%	$	370	1.29	%	$	383	1.38	%	$	240	0.90	%
Commercial—foreign		57	0.89			60	1.00			49	0.90			119	2.23			148	2.77
Commercial real estate—domestic		4	0.07			17	0.29			14	0.25			8	0.14			6	0.12

Total Commercial		473	1.05			791	1.86			433	1.09			510	1.32			394	1.05

Residential mortgage		7	0.04			6	0.03			11	0.05			8	0.03			5	0.02
Home equity lines		4	0.07			5	0.10			8	0.15			7	0.12			5	0.08
Direct/indirect consumer		68	0.87			83	1.08			64	0.86			38	0.50			48	0.63
Consumer finance (2)		746	11.75			81	2.46			75	2.49			49	1.77			54	2.13
Bankcard		181	4.08			208	4.43			241	5.05			269	5.28			285	5.09
Other consumer domestic		11	n/m			18	n/m			7	n/m			7	n/m			11	n/m
Foreign consumer		1	0.21			2	0.25			1	0.16			—	—			2	0.32

Total Consumer (2)		1,018	2.27			403	0.97			407	0.99			378	0.84			410	0.85

Total Net Charge-offs (2)	$	1,491	1.65		$	1,194	1.42		$	840	1.04		$	888	1.06		$	804	0.94


By Business Segment:
Consumer & Commercial Banking	$	389	0.86	%	$	536	1.18	%	$	427	0.94	%	$	449	0.99	%	$	420	0.91	%
Global Corporate & Investment Banking (1)		292	1.48			498	2.76			264	1.60			216	1.35			203	1.32
Asset Management		16	0.26			34	0.55			26	0.44			143	2.43			118	2.04
Equity Investments		—	—			9	7.76			—	—			—	—			—	—
Corporate Other (2)		794	4.19			117	0.81			123	0.92			80	0.50			63	0.34

Total Net Charge-offs	$	1,491	1.65		$	1,194	1.42		$	840	1.04		$	888	1.06		$	804	0.94

Loans are classified as domestic or foreign based upon the domicile of the borrower.

(1)

Fourth quarter 2001 includes $210 million related to Enron.

(2)

Third quarter 2001 includes $635 million related to the exit of certain consumer finance businesses. Excluding these net charge- offs, the ratios would be 1.75% for Consumer Finance, 0.85% for Total Consumer, and 0.95% for Total Net Charge-offs.

Bank of America Corporation

Nonperforming Assets

	3Q01			4Q01			1Q02			2Q02			3Q02

	(Dollars in millions)
Commercial—domestic	$	2,705		$	3,123		$	3,207		$	2,847		$	3,132
Commercial—foreign		566			461			583			980			854
Commercial real estate—domestic		257			240			216			202			172
Commercial real estate—foreign		2			3			2			3			3

Total Commercial		3,530			3,827			4,008			4,032			4,161

Residential mortgage		491			556			477			503			585
Home equity lines		61			80			73			64			57
Direct/Indirect consumer		20			27			26			27			31
Consumer finance		9			9			8			8			8
Foreign consumer		8			7			9			8			7

Total Consumer		589			679			593			610			688

Total Nonperforming Loans		4,119			4,506			4,601			4,642			4,849
Foreclosed properties		404			402			391			297			282

Total Nonperforming Assets(1)	$	4,523		$	4,908		$	4,992		$	4,939		$	5,131

Loans past due 90 days or more and still accruing	$	691		$	680		$	662		$	605		$	726
Nonperforming Assets/ Total Assets		0.71	%		0.79	%		0.81	%		0.77	%		0.78	%
Nonperforming Assets/ Total Loans, Leases and Foreclosed Properties		1.33			1.49			1.51			1.45			1.50
Nonperforming Loans/Total Loans and Leases		1.22			1.37			1.39			1.36			1.42
Allowance for Loan Losses	$	6,665		$	6,875		$	6,869		$	6,873		$	6,861
Allowance / Total Loans		1.97	%		2.09	%		2.07	%		2.02	%		2.01	%
Allowance / Total Nonperforming Loans		162			153			149			148			142

Loans are classified as domestic or foreign based upon the domicile of the borrower.

(1)

Balances do not include $184 million, $221 million, $304 million, $1.0 billion and $1.3 billion of nonperforming assets included in other assets at September 30, 2002, June 30, 2002, March 31, 2002, December 31, 2001 and September 30, 2001 respectively. In the third quarter of 2001, $1.2 billion of nonperforming subprime real estate loans were transferred to loans held for sale as a result of the exit of certain consumer finance businesses.