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 Edward P. O’Keefe, 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 (i) the Corporation’s
unsecured senior and subordinated debt securities, warrants, purchase contracts, preferred stock,
depositary shares representing fractional interests in shares of preferred stock, common stock, and
units which are comprised of two or more securities, in any combination, (ii) trust securities of
each of BAC Capital Trust XVI, BAC Capital Trust XVII, BAC Capital Trust XVIII, BAC Capital Trust
XIX, BAC Capital Trust XX and any other additional capital trusts added from time to time (the
“Trust Securities”), (iii) the Corporation’s junior subordinated debt securities, (iv) the
Corporation’s guarantees of the Trust Securities, and (v) other securities of the Corporation
approved by the Board of Directors or a committee duly authorized by the Board of Directors (the
securities referenced in (i), (ii), (iii), (iv) and (v) above are referred to collectively as the
“Securities”), which Securities may be offered separately or together in separate series and in
amounts, at prices, and on terms to be determined at the time of sale, all as authorized by the
Board of Directors, and all documents in support thereof or supplemental thereto and any and all
amendments, including any and all post-effective amendments, to the foregoing (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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