Exhibit 24.1
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each of Bank of America Corporation (the “Corporation”),
and the undersigned Officers and Directors of the Corporation whose signatures appear below, hereby
makes, constitutes and appoints Timothy J. Mayopoulos, Alice A. Herald and Teresa M. Brenner, and
each of them acting individually, its, his and/or her true and lawful attorneys, with power to act
without any other and with full power of substitution, to execute, deliver and file in its, his
and/or her name and on its, his and/or her behalf, and in each of the undersigned Officer’s and
Director’s capacity or capacities as shown below: (a) an automatic shelf Registration Statement on
Form S-3 (or other appropriate form) with respect to the registration under the Securities Act of
1933, as amended (the “Securities Act”), of an indeterminate amount of the Corporation’s unsecured
senior and subordinated medium-term notes (the “Securities”), which Securities may be offered
separately or together, as a single series or as separate series, in amounts, at prices and on
terms as are to be determined at the time of sale, all as authorized by the Board of Directors on
June 25, 2008, and all documents in support thereof or supplemental thereto and any and all
amendments to the foregoing, including any and all post-effective amendments, including any
post-effective amendments to add classes of securities or additional issuers as may be determined
by or on behalf of the Board of Directors from time to time after the date hereof (collectively,
the “Registration Statement”); and (b) all other registration statements, petitions, applications,
consents to service of process or other instruments, any and all documents in support thereof or
supplemental thereto, and any and all amendments or supplements to the foregoing, as may be
necessary or advisable to qualify or register the Securities covered by the Registration Statement
under any and all securities laws, regulations and requirements as may be applicable; and each of
the Corporation and the Officers and Directors hereby grants to each of the attorneys, full power
and authority to do and perform each and every act and thing whatsoever as each of such attorneys
may deem necessary or advisable to carry out fully the intent of this power of attorney to the same
extent and with the same effect as the Corporation might or could do, and as each of the Officers
and Directors might or could do personally in his or her capacity or capacities as aforesaid, and
each of the Corporation and the Officers and Directors hereby ratifies and confirms all acts and
things which the attorneys or attorney might do or cause to be done by virtue of this power of
attorney and its, his, or her signature as the same may be signed by the attorneys or attorney, or
any of them, to any or all of the following (and any and all amendments and supplements to any or
all thereof): such Registration Statement under the Securities Act and all such registration
statements, petitions, applications, consents to service of process, and other instruments, and any
and all documents in support thereof or supplemental thereto, under such securities laws,
regulations and requirements as may be applicable.
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