Supplemental Information dated Jan. 15, 2003

Exhibit 99.2

Supplemental Information

Fourth Quarter 2002

January 15, 2003

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 $1.69, up 17% from prior quarter and 23% over the fourth quarter of 2001, excluding prior year goodwill amortization expense.

Net income includes $.32 per diluted share tax benefit related to the settlement of the federal income tax returns through 1999.

Net charge-offs increased $361 million from the prior quarter level due to losses associated with the bankruptcy of a major airline as well as increased weakness in the utility sector.

Consumer and Commercial Banking revenue grew 3% over the prior quarter and 10% over the fourth quarter of 2001.

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

Revenue from our market sensitive businesses, Global Corporate and Investment Banking, Asset Management and Equity Investments, increased 9% from the prior quarter.

Bank of America Corporation

Consolidated Financial Highlights

(Dollars in millions, except per share information; shares in thousands)

	Year-to- Date 2002			Year-to- Date 2001			Fourth Quarter 2002			Third Quarter 2002			Second Quarter 2002			First Quarter 2002			Fourth Quarter 2001
Income statement
Total revenue	$	34,494		$	34,638		$	8,804		$	8,522		$	8,575		$	8,593		$	8,815
Provision for credit losses		3,697			4,287			1,165			804			888			840			1,401
Gains on sales of securities		630			475			304			189			93			44			393
Business exit costs		—			1,305			—			—			—			—			—
Other noninterest expense		18,436			19,404			4,832			4,620			4,490			4,494			5,324
Income tax expense		3,742			3,325			497			1,052			1,069			1,124			426
Net income		9,249			6,792			2,614			2,235			2,221			2,179			2,057
Diluted earnings per common share⁽¹⁾		5.91			4.18			1.69			1.45			1.40			1.38			1.28
Average diluted common shares outstanding		1,565,467			1,625,654			1,542,482			1,546,347			1,592,250			1,581,848			1,602,886
Cash dividends paid per common share	$	2.44		$	2.28		$	0.64		$	0.60		$	0.60		$	0.60		$	0.60
Performance ratios
Return on average assets		1.40	%		1.05	%		1.49	%		1.33	%		1.38	%		1.39	%		1.25	%
Return on average common shareholders’ equity		19.44			13.96			21.58			19.02			18.47			18.64			16.70

Book value per share of common stock	$	33.49		$	31.07		$	33.49		$	32.07		$	31.47		$	31.15		$	31.07
Market price per share of common stock:
High for the period	$	77.08		$	65.54		$	71.99		$	71.94		$	77.08		$	69.61		$	64.99
Low for the period		53.98			45.00			53.98			57.90			66.82			57.51			52.10
Closing price		69.57			62.95			69.57			63.80			70.36			68.02			62.95
Market capitalization		104,403			98,158			104,403			95,838			106,642			105,058			98,158
Number of banking centers		4,208			4,253			4,208			4,226			4,232			4,246			4,253
Number of ATM’s		13,013			13,113			13,013			12,489			12,827			13,161			13,113
Full-time equivalent employees		133,944			142,670			133,944			134,135			135,489			137,240			142,670

(1) Includes goodwill amortization of $.38 per share for year-to-date 2001 and $.09 per share in the fourth quarter of 2001.

	Year-to- Date 2002			Year-to- Date 2001			Fourth Quarter 2002			Third Quarter 2002			Second Quarter 2002			First Quarter 2002			Fourth Quarter 2001
Supplemental Financial Data

Performance Metrics—Excludes exit charges⁽²⁾
Earnings excluding exit charges	$	9,249		$	8,042		$	2,614		$	2,235		$	2,221		$	2,179		$	2,057
Return on average assets		1.40	%		1.24	%		1.49	%		1.33	%		1.38	%		1.39	%		1.25	%
Return on average common shareholders’ equity		19.44			16.53			21.58			19.02			18.47			18.64			16.70
Efficiency ratio (taxable-equivalent basis)		52.55			55.47			53.90			53.19			51.34			51.74			59.80
Shareholder value added	$	3,760		$	3,087		$	1,214		$	880		$	834		$	832		$	793

Taxable-equivalent basis data
Net interest income	$	21,511		$	20,633		$	5,537		$	5,465		$	5,262		$	5,247		$	5,505
Total Revenue		35,082			34,981			8,967			8,685			8,743			8,687			8,903
Net interest yield		3.75	%		3.68	%		3.66	%		3.75	%		3.75	%		3.85	%		3.95	%
Efficiency ratio		52.55			59.20			53.90			53.19			51.34			51.74			59.80

(2)

Excludes 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 year ended December 31, 2001 was $1.25 billion or $0.77 per share (diluted).

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

Bank of America Corporation

Consolidated Statement of Income

(Dollars in millions, except per share information; shares in thousands)

	Year-to-Date 2002			Year-to-Date 2001		Fourth Quarter 2002			Third Quarter 2002			Second Quarter 2002			First Quarter 2002		Fourth Quarter 2001
Interest income
Interest and fees on loan and leases	$	22,030		$	27,166	$	5,502		$	5,553		$	5,530		$	5,445	$	5,824
Interest and dividends on securities		4,035			3,706		1,061			1,104			924			946		1,075
Federal funds sold and securities purchased under agreements to resell		870			1,414		208			177			270			215		254
Trading account assets		3,811			3,623		979			1,006			948			878		912
Other interest income		1,415			2,384		371			345			312			387		740

Total interest income		32,161			38,293		8,121			8,185			7,984			7,871		8,805

Interest expense
Deposits		5,434			8,886		1,292			1,414			1,384			1,344		1,713
Short-term borrowings		2,089			4,167		557			526			529			477		700
Trading account liabilities		1,260			1,155		289			342			344			285		268
Long-term debt		2,455			3,795		609			601			633			612		707

Total interest expense		11,238			18,003		2,747			2,883			2,890			2,718		3,388

Net interest income		20,923			20,290		5,374			5,302			5,094			5,153		5,417
Noninterest income
Consumer service charges		2,986			2,865		802			761			732			691		745
Corporate service charges		2,290			2,078		571			586			566			567		540

Total service charges		5,276			4,943		1,373			1,347			1,298			1,258		1,285

Consumer investment and brokerage services		1,544			1,546		370			373			420			381		382
Corporate investment and brokerage services		693			566		171			174			178			170		151

Total investment and brokerage services		2,237			2,112		541			547			598			551		533

Mortgage banking income		751			593		206			218			135			192		167
Investment banking income		1,545			1,579		422			318			464			341		473
Equity investment gains/(losses)		(280	)		291		(54	)		(216	)		(36	)		26		(49	)
Card income		2,620			2,422		736			686			621			577		630
Trading account profits ⁽¹⁾		778			1,842		99			71			263			345		334
Other income		644			566		107			249			138			150		25

Total noninterest income		13,571			14,348		3,430			3,220			3,481			3,440		3,398

Total revenue		34,494			34,638		8,804			8,522			8,575			8,593		8,815
Provision for credit losses ⁽²⁾		3,697			4,287		1,165			804			888			840		1,401
Gains on sales of securities		630			475		304			189			93			44		393
Noninterest expense
Personnel		9,682			9,829		2,482			2,368			2,386			2,446		2,590
Occupancy		1,780			1,774		450			457			441			432		465
Equipment		1,124			1,115		292			291			279			262		280
Marketing		753			682		203			210			170			170		166
Professional fees		525			564		186			126			122			91		153
Amortization of intangibles		218			878		54			54			55			55		213
Data processing		1,017			776		291			295			226			205		224
Telecommunications		481			484		120			119			123			119		116
Business exit costs ⁽²⁾		—			1,305		—			—			—			—		—
Other general operating		2,856			3,302		754			700			688			714		1,117

Total noninterest expense		18,436			20,709		4,832			4,620			4,490			4,494		5,324

Income before income taxes		12,991			10,117		3,111			3,287			3,290			3,303		2,483
Income tax expense		3,742			3,325		497			1,052			1,069			1,124		426

Net income	$	9,249		$	6,792	$	2,614		$	2,235		$	2,221		$	2,179	$	2,057

Income available to common shareholders		9,244			6,787		2,613			2,233			2,220			2,178		2,056

Per common share information
Earnings		6.08			4.26		1.74			1.49			1.45			1.41		1.31

Diluted earnings ⁽³⁾		5.91			4.18		1.69			1.45			1.40			1.38		1.28

Dividends		2.44			2.28		0.64			0.60			0.60			0.60		0.60

Average common shares issued and outstanding		1,520,042			1,594,957		1,499,557			1,504,017			1,533,783			1,543,471		1,570,083

Average diluted common shares issued and outstanding		1,565,468			1,625,654		1,542,482			1,546,347			1,592,250			1,581,848		1,602,886

(1)

Trading account profits for 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 business exit costs 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 $.38 per share in year-to-date 2001 and $.09 per share in the fourth quarter of 2001.

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

Bank of America Corporation

Consolidated Balance Sheet

(Dollars in millions)

	December 31 2002			September 30 2002			December 31 2001
Assets
Cash and cash equivalents	$	24,973		$	24,469		$	26,837
Time deposits placed and other short-term investments		6,813			6,397			5,932
Federal funds sold and securities purchased under agreements to resell		44,878			40,371			28,108
Trading account assets		63,996			56,907			47,344
Derivative assets		34,310			32,838			22,147
Securities:
Available-for-sale		68,122			88,571			84,450
Held-to-maturity		1,026			1,010			1,049

Total securities		69,148			89,581			85,499

Loans and leases		342,755			341,091			329,153
Allowance for credit losses		(6,851	)		(6,861	)		(6,875	)

Loans and leases, net of allowance for credit losses		335,904			334,230			322,278

Premises and equipment, net		6,717			6,758			6,414
Mortgage banking assets		2,110			2,129			3,886
Goodwill		11,389			11,389			10,854
Core deposits and other intangibles		1,095			1,127			1,294
Other assets		59,125			53,812			61,171

Total assets	$	660,458		$	660,008		$	621,764

Liabilities
Deposits in domestic offices:
Noninterest-bearing	$	122,686		$	116,847		$	112,064
Interest-bearing		232,320			228,174			220,703
Deposits in foreign offices:
Noninterest-bearing		1,673			1,928			1,870
Interest-bearing		29,779			30,466			38,858

Total deposits		386,458			377,415			373,495

Federal funds purchased and securities sold under agreements to repurchase		65,079			61,823			47,727
Trading account liabilities		25,574			26,031			19,452
Derivative liabilities		23,566			23,701			14,868
Commercial paper		114			149			1,558
Other short-term borrowings		25,120			34,272			20,659
Accrued expenses and other liabilities		17,052			22,393			27,459
Long-term debt		61,145			59,954			62,496
Trust preferred securities		6,031			6,031			5,530

Total liabilities		610,139			611,769			573,244

Shareholders’ equity
Preferred stock, $0.01 par value; authorized—100,000,000 shares; issued and outstanding 1,356,749, 1,391,749 and 1,514,478 shares		58			60			65
Common stock, $0.01 par value; authorized—5,000,000,000 shares; issued and outstanding 1,500,691,103, 1,502,161,891 and 1,559,297,220 shares		496			674			5,076
Retained earnings		48,517			46,870			42,980
Accumulated other comprehensive income		1,232			613			437
Other		16			22			(38	)

Total shareholders’ equity		50,319			48,239			48,520

Total liabilities and shareholders’ equity	$	660,458		$	660,008		$	621,764

Bank of America Corporation

Capital Management

(Dollars in millions)

	4Q01			1Q02			2Q02			3Q02			4Q02*
Tier 1 capital	$	41,979		$	42,078		$	41,097		$	41,732		$	43,105
Total capital		64,124			64,158			63,108			63,505			65,169
Net risk-weighted assets		506,020			496,227			508,008			513,085			524,175
Tier 1 capital ratio		8.30	%		8.48	%		8.09	%		8.13	%		8.22	%
Total capital ratio		12.67			12.93			12.42			12.38			12.43
Ending equity / ending assets		7.80			7.77			7.48			7.31			7.62
Ending capital / ending assets		8.69			8.66			8.35			8.22			8.53
Average equity / average assets		7.50			7.44			7.47			6.97			6.91

*Preliminary

Share Repurchase Program

109 million common shares were repurchased in 2002 as a part of ongoing share repurchase programs.

10 million common shares were repurchased during the fourth quarter of 2002.

24 million shares remain outstanding under the current authorized program (17 million net of outstanding put options).

50 million shares were issued in 2002 with 8 million shares issued during the fourth quarter, mostly due to stock incentive plans.

Bank of America Corporation

Average Balances and Interest Rates - Taxable-Equivalent Basis

(Dollars in millions)

	Fourth Quarter 2002						Third Quarter 2002						Fourth Quarter 2001
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments	$	8,853	$	56	2.49	%	$	10,396	$	63	2.41	%	$	7,255	$	64	3.47	%
Federal funds sold and securities purchased under agreements to resell		49,169		208	1.68			40,294		178	1.76			38,825		253	2.60
Trading account assets		84,181		994	4.71			85,129		1,017	4.76			67,535		920	5.43
Total securities⁽¹⁾		83,751		1,078	5.15			76,484		1,120	5.85			71,454		1,090	6.10
Loans and leases⁽²⁾
Commercial—domestic		105,333		1,777	6.70			106,039		1,728	6.47			121,399		2,138	6.99
Commercial—foreign		20,538		180	3.48			21,256		206	3.85			23,789		278	4.63
Commercial real estate—domestic		20,359		245	4.77			20,576		265	5.10			23,051		316	5.45
Commercial real estate—foreign		426		4	3.93			425		4	3.92			375		4	4.49

Total commercial		146,656		2,206	5.97			148,296		2,203	5.90			168,614		2,736	6.44

Residential mortgage		108,019		1,699	6.28			104,590		1,733	6.61			78,366		1,385	7.05
Home equity lines		23,347		300	5.10			23,275		314	5.35			22,227		340	6.07
Direct/Indirect consumer		30,643		523	6.76			30,029		530	7.01			30,363		583	7.61
Consumer finance		8,943		174	7.75			10,043		201	7.97			13,035		296	9.04
Bankcard		23,535		613	10.33			22,263		583	10.38			18,656		498	10.58
Foreign consumer		1,956		17	3.48			1,988		19	3.83			2,093		21	4.02

Total consumer		196,443		3,326	6.74			192,188		3,380	7.00			164,740		3,123	7.54

Total loans and leases		343,099		5,532	6.41			340,484		5,583	6.52			333,354		5,859	6.99

Other earning assets		32,828		417	5.07			27,461		387	5.61			36,782		707	7.67

Total earning assets⁽³⁾		601,881		8,285	5.48			580,248		8,348	5.73			555,205		8,893	6.37

Cash and cash equivalents		21,242						20,202						23,182
Other assets, less allowance for credit losses		72,345						68,699						73,410

Total assets	$	695,468					$	669,149					$	651,797

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	22,142		35	0.63		$	22,047		36	0.64		$	20,132		42	0.83
NOW and money market deposit accounts		137,229		325	0.94			132,939		362	1.08			121,758		426	1.39
Consumer CDs and IRAs		66,266		728	4.36			67,179		746	4.40			71,895		898	4.96
Negotiable CDs, public funds and other time deposits		3,400		17	1.97			4,254		51	4.73			5,196		44	3.39

Total domestic interest-bearing deposits		229,037		1,105	1.91			226,419		1,195	2.09			218,981		1,410	2.56

Foreign interest-bearing deposits⁽⁴⁾
Banks located in foreign countries		15,286		104	2.70			17,044		123	2.85			20,771		170	3.22
Governments and official institutions		1,737		7	1.68			2,188		10	1.85			2,965		20	2.74
Time, savings, and other		17,929		76	1.68			18,686		86	1.83			21,858		113	2.06

Total foreign interest-bearing deposits		34,952		187	2.12			37,918		219	2.29			45,594		303	2.63

Total interest-bearing deposits		263,989		1,292	1.94			264,337		1,414	2.12			264,575		1,713	2.57

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		123,434		558	1.79			108,281		526	1.93			87,291		700	3.18
Trading account liabilities		30,445		289	3.77			33,038		342	4.11			29,921		268	3.55
Long-term debt and trust preferred securities		65,702		609	3.71			64,880		601	3.71			68,141		707	4.15

Total interest-bearing liabilities⁽³⁾		483,570		2,748	2.26			470,536		2,883	2.44			449,928		3,388	2.99

Noninterest-bearing sources:
Noninterest-bearing deposits		117,392						109,596						103,596
Other liabilities		46,432						42,365						49,357
Shareholders' equity		48,074						46,652						48,916

Total liabilities and shareholders' equity	$	695,468					$	669,149					$	651,797

Net interest spread					3.22						3.29						3.38
Impact of noninterest-bearing sources					0.44						0.46						0.57

Net interest income/yield on earning assets			$	5,537	3.66	%			$	5,465	3.75	%			$	5,505	3.95	%

(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 $517 million and $397 million in the fourth and third quarters of 2002 and $473 million in the fourth 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) interest expense by $(62) million and $(69) million in the fourth and third quarters of 2002 and $(40) million in the fourth quarter of 2001, respectively. These amounts were substantially offset by corresponding decreases 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

(Dollars in millions)

	Year-to-Date 2002						Year-to-Date 2001
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments	$	10,038	$	243	2.42	%	$	6,723	$	318	4.73	%
Federal funds sold and securities purchased under agreements to resell		45,640		870	1.91			35,202		1,414	4.02
Trading account assets		79,562		3,860	4.85			66,418		3,653	5.50
Total securities ⁽¹⁾		75,298		4,100	5.44			60,372		3,761	6.23
Loans and leases⁽²⁾
Commercial—domestic		109,724		7,370	6.72			133,569		9,879	7.40
Commercial—foreign		21,287		824	3.87			26,492		1,567	5.90
Commercial real estate—domestic		21,161		1,043	4.93			24,607		1,700	6.91
Commercial real estate—foreign		408		17	4.23			348		20	6.08

Total commercial		152,580		9,254	6.06			185,016		13,166	7.12

Residential mortgage		97,204		6,423	6.61			81,472		5,920	7.27
Home equity lines		22,807		1,213	5.32			22,013		1,625	7.38
Direct/Indirect consumer		30,264		2,145	7.09			30,374		2,466	8.12
Consumer finance		10,533		856	8.12			27,709		2,242	8.09
Bankcard		21,410		2,195	10.25			16,641		1,879	11.29
Foreign consumer		2,021		74	3.68			2,222		127	5.80

Total consumer		184,239		12,906	7.01			180,431		14,259	7.90

Total loans and leases		336,819		22,160	6.58			365,447		27,425	7.50

Other earning assets		26,164		1,517	5.80			26,154		2,065	7.90

Total earning assets⁽³⁾		573,521		32,750	5.71			560,316		38,636	6.90

Cash and cash equivalents		21,166						22,542
Other assets, less allowance for credit losses		67,714						66,689

Total assets	$	662,401					$	649,547

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	21,691		138	0.64		$	20,208		213	1.05
NOW and money market deposit accounts		131,841		1,369	1.04			114,657		2,498	2.18
Consumer CDs and IRAs		67,695		2,968	4.39			74,458		3,853	5.17
Negotiable CDs, public funds and other time deposits		4,237		128	3.03			5,848		290	4.96

Total domestic interest-bearing deposits		225,464		4,603	2.04			215,171		6,854	3.19

Foreign interest-bearing deposits⁽⁴⁾
Banks located in foreign countries		15,464		442	2.86			23,397		1,053	4.49
Governments and official institutions		2,316		43	1.86			3,615		152	4.21
Time, savings, and other		18,769		346	1.84			22,940		827	3.62

Total foreign interest-bearing deposits		36,549		831	2.27			49,952		2,032	4.07

Total interest-bearing deposits		262,013		5,434	2.07			265,123		8,886	3.35

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		104,153		2,089	2.01			92,476		4,167	4.51
Trading account liabilities		31,600		1,261	3.99			29,995		1,155	3.85
Long-term debt and trust preferred securities		66,045		2,455	3.72			69,622		3,795	5.45

Total interest-bearing liabilities⁽³⁾		463,811		11,239	2.42			457,216		18,003	3.94

Noninterest-bearing sources:
Noninterest-bearing deposits		109,466						97,529
Other liabilities		41,511						46,124
Shareholders’ equity		47,613						48,678

Total liabilities and shareholders’ equity	$	662,401					$	649,547

Net interest spread					3.29						2.96
Impact of noninterest-bearing sources					0.46						0.72

Net interest income/yield on earning assets			$	21,511	3.75	%			$	20,633	3.68	%

(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 $2 billion and $978 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 $(141) million and $63 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

Business Segment View

(Dollars in millions)

Bank of America Corporation

Consumer and Commercial Banking Segment Results

(Dollars in millions)

	Year-to-Date						Quarterly
Key Measures	2002			2001			4 Qtr 02			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01
Total Revenue*	$	22,989		$	21,058		$	6,079		$	5,902		$	5,531		$	5,477		$	5,549
Provision for Credit Losses		1,805			1,582			509			420			449			427			536
Net Income⁽¹⁾		6,088			4,953			1,649			1,579			1,444			1,416			1,257
Shareholder Value Added		4,054			3,286			1,134			1,075			937			908			840
Return on Average Equity		33.1	%		25.9	%		35.5	%		34.6	%		31.5	%		30.8	%		26.2	%
Efficiency Ratio*		50.3			54.2			48.7			51.0			50.4			51.1			54.2

Selected Average Balance Sheet Components
Total Loans and Leases	$	183,341		$	178,116		$	185,196		$	183,035		$	182,863		$	182,238		$	179,548
Total Deposits		283,261			266,035			292,262			283,772			280,169			276,663			273,256
Total Earning Assets		287,883			264,153			313,364			285,267			278,199			274,297			270,678

Period end (in billions)
Mortgage Servicing Portfolio	$	264.5		$	299.1		$	264.5		$	278.7		$	287.8		$	289.9		$	299.1
Mortgage Originations
Retail		60.0			46.4			22.2			15.3			9.5			13.0			16.9
Wholesale		28.1			19.8			9.7			8.6			4.9			4.9			6.0
Correspondent		—			10.4			—			—			—			—			0.1

Consumer and Commercial Banking Sub-Segment Results

	Year-to-Date						Quarterly
Key Measures	2002			2001			4 Qtr 02			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01
Banking Regions
Total Revenue*	$	13,356		$	12,404		$	3,462		$	3,428		$	3,289		$	3,177		$	3,203
Net Income⁽²⁾		3,281			2,616			884			837			815			745			654
Shareholder Value Added		2,084			1,774			575			537			517			455			440
Efficiency Ratio*		58.7	%		62.5	%		56.8	%		59.7	%		57.6	%		60.7	%		63.0	%

Consumer Products
Total Revenue*	$	6,123		$	5,131		$	1,699		$	1,589		$	1,396		$	1,439		$	1,432
Net Income⁽³⁾		1,640			1,317			456			437			350			397			368
Shareholder Value Added		1,292			998			369			350			263			310			286
Efficiency Ratio*		38.2	%		41.2	%		37.8	%		38.0	%		40.5	%		36.5	%		38.4	%

Commercial Channel
Total Revenue*	$	3,510		$	3,523		$	918		$	885		$	846		$	861		$	914
Net Income ⁽⁴⁾		1,167			1,020			309			305			279			274			235
Shareholder Value Added		678			514			190			188			157			143			114
Efficiency Ratio*		39.4	%		43.9	%		38.0	%		40.6	%		39.0	%		39.9	%		48.3	%

Taxable-equivalent basis

(1)

Includes goodwill amortization of $421 million in year-to-date 2001; $105 million in the fourth quarter of 2001.

(2)

Includes goodwill amortization of $348 million in year-to-date 2001; $87 million in the fourth quarter of 2001.

(3)

Includes goodwill amortization of $28 million in year-to-date 2001; $7 million in the fourth quarter of 2001.

(4)

Includes goodwill amortization of $45 million in year-to-date 2001; $11 million in the fourth quarter 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 4.7 million subscribers. This represents an active customer penetration rate of 32%. Bank of America uses a strict Active User standard—customers must have used our online services within the last 90 days. 1.8 million active bill pay users paid nearly $8 billion worth of bills this quarter. The number of active bill pay users has more than doubled since the beginning of the year, driven by Bank of America’s free bill pay promotion. Currently, over 200 companies are presenting over 2.3 million e-bills per quarter.

Bank of America Corporation

Consumer Credit Card Results

Included within Consumer Products

(Dollars in millions)

	Year-to-Date						Quarterly
Key Measures	2002			2001			4 Qtr 02			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01

Outstandings:
Held (Period-End)	$	24,729		$	19,884		$	24,729		$	23,062		$	21,155		$	19,535		$	19,884
Managed (Period-End)		29,461			27,185			29,461			28,057			27,089			26,558			27,185
Held (Average)		21,410			16,641			23,535			22,263			20,402			19,383			18,656
Managed (Average)		27,352			24,637			28,406			27,540			26,902			26,539			26,040

Managed Income Statement:
Total Revenue	$	3,566		$	3,079		$	975		$	925		$	821		$	845		$	835
Provision Expense		1,541			1,380			385			392			393			371			350
Noninterest Expense		952			865			235			244			239			234			228

Net Income Before Taxes		1,073			834			355			289			189			240			257

Shareholder Value Added (SVA)	$	495		$	342		$	175		$	138		$	75		$	107		$	109

Credit Quality:
Charge-off $:
Held	$	1,094		$	672		$	299		$	285		$	269		$	241		$	208
Managed		1,443			1,174			357			356			375			355			322

Charge-off %:
Held		5.11	%		4.04	%		5.03	%		5.09	%		5.28	%		5.05	%		4.43	%
Managed		5.28			4.76			4.99			5.13			5.59			5.43			4.90

Managed Delinquency %:
30+		3.94	%		4.12	%		3.94	%		3.63	%		3.78	%		4.16	%		4.12	%
90+		1.71			1.75			1.71			1.66			1.76			1.95			1.75

Bank of America Corporation

Global Corporate and Investment Banking Segment Results

(Dollars in millions)

	Year-to-Date						Quarterly
Key Measures	2002			2001			4 Qtr 02			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01
Total Revenue*	$	8,833		$	9,586		$	2,094		$	2,038		$	2,362		$	2,339		$	2,390
Provision for Credit Losses		1,209			1,292			526			203			216			264			498
Net Income⁽¹⁾		1,723			1,956			230			427			562			504			435
Shareholder Value Added		421			519			(94	)		107			237			171			102
Return on Average Equity		15.5	%		14.9	%		8.3	%		15.6	%		20.3	%		17.7	%		14.2	%
Efficiency Ratio*		56.4			56.0			59.0			58.3			53.9			54.8			56.6

Selected Average Balance Sheet Components
Total Loans and Leases	$	62,934		$	82,321		$	60,242		$	60,821		$	63,926		$	66,840		$	71,711
Total Deposits		64,769			66,983			65,884			66,166			63,770			63,212			66,076
Total Earning Assets		201,164			193,141			207,534			203,326			201,213			192,392			186,445

Global Corporate and Investment Banking Sub-Segment Results

	Year-to-Date						Quarterly
Key Measures	2002			2001			4 Qtr 02			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01
Global Investment Banking
Total Revenue*	$	4,816		$	5,387		$	1,303		$	914		$	1,256		$	1,343		$	1,259
Net Income⁽²⁾		887			1,025			290			99			224			274			188
Shareholder Value Added		466			597			181			(8	)		118			175			89
Efficiency Ratio*		70.7	%		69.4	%		64.7	%		86.4	%		70.6	%		65.9	%		74.9	%

Global Credit Products
Total Revenue*	$	2,369		$	2,685		$	434		$	716		$	658		$	561		$	726
Net Income⁽³⁾		457			631			(116	)		242			209			122			158
Shareholder Value Added		(368	)		(329	)		(316	)		43			3			(98	)		(63	)
Efficiency Ratio*		22.0	%		21.9	%		29.4	%		17.7	%		20.5	%		23.5	%		19.4	%

Global Treasury Services
Total Revenue*	$	1,648		$	1,514		$	357		$	408		$	448		$	435		$	405
Net Income⁽⁴⁾		379			300			56			86			129			108			89
Shareholder Value Added		323			251			41			72			116			94			76
Efficiency Ratio*		63.9	%		68.9	%		74.3	%		66.5	%		56.0	%		61.0	%		66.1	%

Taxable-equivalent basis

(1)

Includes goodwill amortization of $109 million in year-to-date 2001; $27 million in the fourth quarter of 2001.

(2)

Includes goodwill amortization of $56 million in year-to-date 2001; $14 million in the fourth quarter of 2001.

(3)

Includes goodwill amortization of $43 million in year-to-date 2001; $11 million in the fourth quarter of 2001.

(4)

Includes goodwill amortization of $10 million in year-to-date 2001; $2 million in the fourth quarter 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

(Dollars in millions)

	Year-to-Date						Quarterly
Key Measures	2002			2001			4 Qtr 02			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01
Total Revenue*	$	2,399		$	2,475		$	600		$	581		$	620		$	598		$	625
Provision for Credit Losses		318			121			31			118			143			26			34
Net Income⁽¹⁾		404			522			119			72			71			142			133
Shareholder Value Added		113			312			38			(3	)		3			75			80
Return on Average Equity		16.3	%		23.5	%		17.4	%		11.3	%		12.2	%		24.9	%		23.7	%
Efficiency Ratio*		61.4			62.1			64.9			61.8			60.2			58.8			61.7

Selected Average Balance Sheet Components
Total Loans and Leases	$	23,251		$	24,381		$	22,227		$	22,964		$	23,666		$	24,171		$	24,537
Total Deposits		12,030			11,897			12,531			11,967			11,776			11,837			11,936
Total Earning Assets		23,900			25,457			22,971			23,566			24,266			24,822			25,285

Period end (in billions)
Assets under Management	$	310.3		$	314.2		$	310.3		$	271.9		$	295.2		$	314.9		$	314.2
Client Brokerage Assets		90.9			99.4			90.9			87.1			90.5			96.6			99.4
Assets in Custody		46.6			46.9			46.6			42.1			41.0			46.0			46.9

Total Client Assets	$	447.8		$	460.5		$	447.8		$	401.1		$	426.7		$	457.5		$	460.5

Taxable-equivalent basis

(1)

Includes goodwill amortization of $47 million in year-to-date 2001; $12 million in the fourth quarter 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

(Dollars in millions)

	Year-to-Date						Quarterly
Key Measures	2002			2001			4 Qtr 02			3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01
Total Revenue*	($	433	)	$	29		($	95	)	($	230	)	($	82	)	($	26	)	($	90	)
Provision for Credit Losses		7			8			7			—			—			—			9
Net Income ⁽¹⁾		(329	)		(115	)		(81	)		(159	)		(56	)		(33	)		(98	)
Shareholder Value Added		(582	)		(388	)		(144	)		(222	)		(121	)		(95	)		(165	)
Return on Average Equity		(15.5	)%		(4.9	)%		(15.2	)%		(30.5	)%		(10.3	)%		(6.4	)%		(17.1	)%
Efficiency Ratio*		(21.7	)		n/m			(29.8	)		(12.0	)		(11.7	)		(109.2	)		(69.9	)

Selected Average Balance Sheet Components
Total Loans and Leases	$	440		$	477		$	438		$	446		$	448		$	427		$	444
Total Deposits		—			13			—			—			—			—			—
Total Earning Assets		441			489			438			446			448			433			453

Period end
Investment Balances for Principal Investing	$	5,395		$	5,469		$	5,395		$	5,429		$	5,429		$	5,519		$	5,469

Taxable-equivalent basis

(1)

Includes goodwill amortization of $7 million in year-to-date 2001; $2 million in the fourth quarter 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⁾

(Dollars in millions)

	Year-to-Date						Quarterly
Key Measures	2002			2001(2)			4 Qtr 02		3 Qtr 02			2 Qtr 02			1 Qtr 02			4 Qtr 01
Total Revenue*	$	1,294		$	1,833		$	289	$	394		$	312		$	299		$	429
Provision for Credit Losses		358			1,284			92		63			80			123			324
Net Income⁽³⁾		1,363			(524	)		697		316			200			150			330
Shareholder Value Added		(246	)		(642	)		280		(77	)		(222	)		(227	)		(64	)



Selected Average Balance Sheet Components
Total Loans and Leases	$	66,853		$	80,152		$	74,996	$	73,218		$	64,780		$	54,126		$	57,114
Total Deposits		11,419			17,724			10,704		12,028			10,271			12,691			16,903
Total Earning Assets		150,203			144,204			171,271		158,036			138,750			132,241			145,361

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)

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. Net income includes goodwill amortization of $32 million in year-to-date 2001; $3 million in the fourth quarter of 2001.

(3)

Includes $488 million tax benefit related to the settlement of federal income tax returns through 1999 in the fourth quarter of 2002.

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

Bank of America Corporation

Customer Segment View ⁽¹⁾

(Dollars in millions)

Net Income

Year-to-Date


Customer Segments:	2002		2001⁽²⁾		% Increase (Decrease)
Consumer	$ 3,351		$ 2,982		12.4 %
Premier	526		476		10.5
Private	289		450		(35.8)
Small Business	986		859		14.8
Commercial	1,340		1,176		13.9
Corporate	1,723		2,064		(16.5)
Equity Investments	(329	)	(107	)	n/m
Corporate Other ⁽³⁾	1,363		(492	)	n/m

Total Net Income	$ 9,249		$ 7,408		24.9

(1)

See Form Third Quarter 2002 10Q for customer segment descriptions.

(2)

Excludes goodwill amortization.

(3)

2002 includes $488 million tax benefit related to the settlement of federal income tax returns through 1999. 2001 includes $1.25 billion of after-tax costs related to the exit of certain consumer finance businesses.

Bank of America Corporation

Net Charge-offs and Net Charge-off Ratios

(Dollars in millions)

	4Q01				1Q02				2Q02				3Q02				4Q02
	Amt.		Ratio		Amt.		Ratio		Amt.		Ratio		Amt.		Ratio		Amt.		Ratio
Commercial—domestic	$	714	2.33	%	$	370	1.29	%	$	383	1.38	%	$	240	0.90	%	$	478	1.80	%
Commercial—foreign		60	1.00			49	0.90			119	2.23			148	2.77			205	3.95
Commercial real estate—domestic		17	0.29			14	0.25			8	0.14			6	0.12			9	0.20

Total Commercial		791	1.86			433	1.09			510	1.32			394	1.05			692	1.87

Residential mortgage		6	0.03			11	0.05			8	0.03			5	0.02			18	0.07
Home equity lines		5	0.10			8	0.15			7	0.12			5	0.08			6	0.10
Direct/indirect consumer		83	1.08			64	0.86			38	0.50			48	0.63			60	0.78
Consumer finance		81	2.46			75	2.49			49	1.77			54	2.13			77	3.44
Bankcard		208	4.43			241	5.05			269	5.28			285	5.09			299	5.03
Other consumer domestic		18	n/m			7	n/m			7	n/m			11	n/m			11	n/m
Foreign consumer		2	0.25			1	0.16			—	—			2	0.32			2	0.38

Total Consumer		403	0.97			407	0.99			378	0.84			410	0.85			473	0.95

Total Net Charge-offs	$	1,194	1.42		$	840	1.04		$	888	1.06		$	804	0.94		$	1,165	1.35

By Business Segment:
Consumer & Commercial Banking	$	536	1.18	%	$	427	0.95	%	$	449	0.99	%	$	420	0.91	%	$	509	1.09	%
Global Corporate & Investment Banking		498	2.76			264	1.60			216	1.35			203	1.32			526	3.46
Asset Management		34	0.55			26	0.44			143	2.43			118	2.04			30	0.54
Equity Investments		9	7.76			—	—			—	—			—	—			7	6.26
Corporate Other		117	0.81			123	0.92			80	0.50			63	0.34			93	0.50

Total Net Charge-offs	$	1,194	1.42		$	840	1.04		$	888	1.06		$	804	0.94		$	1,165	1.35

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

Bank of America Corporation

Net Charge-offs and Net Charge-off Ratios

(Dollars in millions)

	Year-to-Date 2002				Year-to-Date 2001				Year-to-Date 2001 excl. Business Exit⁽¹⁾
	Amt.		Ratio		Amt.		Ratio		Amt.		Ratio
Commercial—domestic	$	1,471	1.34	%	$	1,949	1.46	%	$	1,949	1.46	%
Commercial—foreign		521	2.45			208	0.78			208	0.78
Commercial real estate—domestic		37	0.18			39	0.16			39	0.16

Total Commercial		2,029	1.33			2,196	1.19			2,196	1.19

Residential mortgage		42	0.04			26	0.03			26	0.03
Home equity lines		26	0.11			19	0.09			19	0.09
Direct/indirect consumer		210	0.69			250	0.82			250	0.82
Consumer finance		255	2.42			1,026	3.70			391	1.41
Bankcard		1,094	5.11			672	4.04			672	4.04
Other consumer domestic		36	n/m			50	n/m			50	n/m
Foreign consumer		5	0.25			5	0.22			5	0.22

Total Consumer		1,668	0.91			2,048	1.14			1,413	0.78

Total Net Charge-offs	$	3,697	1.10			4,244	1.16			3,609	0.99


By Business Segment:
Consumer & Commercial Banking	$	1,805	0.98	%	$	1,581	0.89	%	$	1,581	0.89	%
Global Corporate & Investment Banking		1,209	1.92			1,292	1.57			1,292	1.57
Asset Management		317	1.37			121	0.50			121	0.50
Equity Investments		7	1.57			8	1.73			8	1.73
Corporate Other		359	0.54			1,242	1.55			607	0.76

Total Net Charge-offs	$	3,697	1.10		$	4,244	1.16		$	3,609	0.99

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

(1)

Excludes $635 million related to exit of certain consumer finance businesses in the third quarter of 2001.

Bank of America Corporation

Nonperforming Assets

(Dollars in millions)

	4Q01			1Q02			2Q02			3Q02			4Q02
Commercial—domestic	$	3,123		$	3,207		$	2,847		$	3,132		$	2,781
Commercial—foreign		461			583			980			854			1,359
Commercial real estate—domestic		240			216			202			172			161
Commercial real estate—foreign		3			2			3			3			3

Total Commercial		3,827			4,008			4,032			4,161			4,304

Residential mortgage		556			477			503			585			612
Home equity lines		80			73			64			57			66
Direct/Indirect consumer		27			26			27			31			30
Consumer finance		9			8			8			8			19
Foreign consumer		7			9			8			7			6

Total Consumer		679			593			610			688			733

Total Nonperforming Loans		4,506			4,601			4,642			4,849			5,037
Foreclosed properties		402			391			297			282			225

Total Nonperforming Assets⁽¹⁾	$	4,908		$	4,992		$	4,939		$	5,131		$	5,262


Loans past due 90 days or more and still accruing	$	680		$	662		$	605		$	726		$	764
Nonperforming Assets / Total Assets		0.79	%		0.81	%		0.77	%		0.78	%		0.80	%
Nonperforming Assets / Total Loans, Leases and Foreclosed Properties		1.49			1.51			1.45			1.50			1.53
Nonperforming Loans / Total Loans and Leases		1.37			1.39			1.36			1.42			1.47

Allowance for Loan Losses	$	6,875		$	6,869		$	6,873		$	6,861		$	6,851
Allowance / Total Loans		2.09	%		2.07	%		2.02	%		2.01	%		2.00	%
Allowance / Total Nonperforming Loans		153			149			148			142			136

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

(1)

Balances do not include $120 million, $184 million, $221 million, $304 million and $1.0 billion of nonperforming assets included in other assets at December 31, 2002, September 30, 2002, June 30, 2002, March 31, 2002 and December 31, 2001, respectively.

Bank of America Corporation

Regional Foreign Exposure

(Dollars in Millions)

	Loans and Loan Commitments		Other Financing⁽¹⁾		Derivatives (Net Positive Mark-To-Market)		Securities / Other Investments⁽²⁾		Total Crossborder⁽³⁾		Gross Local Country Exposure⁽⁴⁾		Total Binding Exposure 12/31/2002		Increase / (Decrease) from
	Loans and Loan Commitments		Other Financing⁽¹⁾		Derivatives (Net Positive Mark-To-Market)		Securities / Other Investments⁽²⁾		Total Crossborder⁽³⁾		Gross Local Country Exposure⁽⁴⁾		Total Binding Exposure 12/31/2002		09/30/2002			12/31/2001
Region/Country

Asia
China	$	80	$	14	$	54	$	35	$	183	$	61	$	244	$	48		$	(31	)
Hong Kong		157		56		82		109		404		3,400		3,804		(65	)		(451	)
India		405		48		70		32		555		818		1,373		(119	)		(407	)
Indonesia		82		—		17		15		114		6		120		(28	)		(155	)
Japan		358		54		454		2,133		2,999		617		3,616		80			371
Korea (South)		154		322		20		8		504		732		1,236		(10	)		26
Malaysia		9		3		1		2		15		225		240		(21	)		(106	)
Pakistan		7		—		—		—		7		—		7		(2	)		(12	)
Philippines		30		31		4		10		75		81		156		(46	)		(166	)
Singapore		170		7		86		10		273		1,395		1,668		347			270
Taiwan		294		205		35		52		586		503		1,089		(51	)		176
Thailand		36		10		19		26		91		172		263		(23	)		(125	)
Other		3		17		1		—		21		75		96		(20	)		(24	)

Total	$	1,785	$	767	$	843	$	2,432	$	5,827	$	8,085	$	13,912	$	90		$	(634	)


Central and Eastern Europe
Russia Federation	$	—	$	—		—	$	5	$	5		—	$	5	$	(9	)	$	5
Turkey		30		9		—		19		58		—		58		(7	)		(69	)
Other		14		23		45		191		273		28		301		(128	)		35

Total	$	44	$	32	$	45	$	215	$	336	$	28	$	364	$	(144	)	$	(29	)


Latin America
Argentina	$	249	$	47		2	$	78	$	376		89	$	465	$	(41	)	$	(280	)
Brazil		298		240		55		152		745		430		1,175		(372	)		(1,299	)
Chile		118		9		8		6		141		—		141		(25	)		(108	)
Colombia		76		6		5		1		88		—		88		(34	)		(51	)
Mexico		708		168		128		400		1,404		185		1,589		(303	)		(638	)
Venezuela		105		4		6		114		229		3		232		(10	)		(9	)
Other		104		89		3		29		225		—		225		(92	)		(71	)

Total	$	1,658	$	563	$	207	$	780	$	3,208	$	707	$	3,915	$	(877	)	$	(2,456	)

Total	$	3,487	$	1,362	$	1,095	$	3,427	$	9,371	$	8,820	$	18,191	$	(931	)	$	(3,119	)

(1)

Includes acceptances, standby letters of credit, commercial letters of credit and formal guarantees.

(2)

Amounts outstanding in the table above for Philippines, Argentina, Mexico, Venezuela and Latin America Other have been reduced by $12 million, $90 million, $505 million, $131 million and $37 million, respectively, at December 31, 2002, and $10 million, $0, $436 million, $105 million and $32 million, respectively, at December 31, 2001. Such amounts represent the fair value of U.S. Treasury securities held as collateral outside the country of exposure.

(3)

Cross-border exposure includes amounts payable to the Corporation by residents of countries other than the one in which the credit is booked, regardless of the currency in which the claim is denominated, consistent with the FFIEC 009 reporting rules.

(4)

Gross local country exposure includes amounts payable to the Corporation by residents of countries in which the credit is booked, regardless of the currency in which the claim is denominated. Management does not net local funding or liabilities against local exposures as allowed by the FFIEC.