Bank of America Corporation and Subsidiaries                       Exhibit 12(a)
Ratio of Earnings to Fixed Charges
<TABLE>
<CAPTION>
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                                                  Nine Months                         Year Ended December 31
                                                     Ended      ------------------------------------------------------------------
(Dollars in millions)                         September 30, 2000      1999         1998       1997          1996          1995
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<S>                                                       <C>          <C>        <C>           <C>          <C>           <C>
Excluding Interest on Deposits

Income before income taxes                                $9,641       $12,215    $ 8,048       $10,556      $ 9,311       $ 8,377

Less: Equity in undistributed earnings of
  unconsolidated subsidiaries                                (28)         (167)       162           (49)          (7)          (19)

Fixed charges:
     Interest expense (including capitalized interest)    10,257        10,084      9,479         8,219        7,082         6,354
     1/3 of net rent expense                                 274           342        335           302          282           275
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        Total fixed charges                               10,531        10,426      9,814         8,521        7,364         6,629
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Earnings (excluding capitalized interest)                $20,144       $22,474    $18,024       $19,028      $16,668       $14,987
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Fixed charges                                            $10,531       $10,426     $9,814        $8,521       $7,364        $6,629
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Ratio of earnings to fixed charges                          1.91          2.16       1.84          2.23         2.26          2.26
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</TABLE>

<TABLE>
<CAPTION>
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                                                  Nine Months                         Year Ended December 31
                                                     Ended      ------------------------------------------------------------------
(Dollars in millions)                         September 30, 2000      1999         1998       1997          1996          1995
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<S>                                                       <C>          <C>        <C>           <C>          <C>           <C>
Including Interest on Deposits

Income before income taxes                                $9,641       $12,215    $ 8,048       $10,556      $ 9,311       $ 8,377

Less: Equity in undistributed earnings of
  unconsolidated subsidiaries                                (28)         (167)       162           (49)          (7)          (19)

Fixed charges:
     Interest expense (including capitalized interest)    18,340        19,086     20,290        18,903       16,682        16,369
     1/3 of net rent expense                                 274           342        335           302          282           275
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        Total fixed charges                               18,614        19,428     20,625        19,205       16,964        16,644
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Earnings (excluding capitalized interest)                $28,227       $31,476    $28,835       $29,712      $26,268       $25,002
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Fixed charges                                            $18,614       $19,428    $20,625       $19,205      $16,964       $16,644
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Ratio of earnings to fixed charges                          1.52          1.62       1.40          1.55         1.55          1.50
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</TABLE>
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