Bank of America
First Quarter 2006 Results
Al de Molina
Chief Financial Officer
April 20, 2006
Exhibit 99.3

2
Forward Looking Statements
This presentation contains forward-looking statements, including statements about the financial
conditions, results of operations and earnings outlook of Bank of America Corporation. The forward-
looking
statements
involve
certain
risks
and
uncertainties.
Factors
that
may
cause
actual
results
or
earnings to differ materially from such forward-looking statements include, among others, the
following: 1) projected business increases following process changes and other investments are
lower than expected; 2) competitive pressure among financial services companies increases
significantly;
3)
general
economic
conditions
are
less
favorable
than
expected;
4)
political
conditions
including
the
threat
of
future
terrorist
activity
and
related
actions
by
the
United
States
abroad may adversely affect the company’s businesses and economic conditions as a whole; 5)
changes
in
the
interest
rate
environment
reduce
interest
margins
and
impact
funding
sources;
6)
changes
in
foreign
exchange
rates
increases
exposure;
7)
changes
in
market
rates
and
prices
may
adversely
impact
the
value
of
financial
products;
8)
legislation
or
regulatory
environments,
requirements
or
changes
adversely
affect
the
businesses
in
which
the
company
is
engaged;
9)
changes
in
accounting
standards,
rules
or
interpretations,
10)
litigation
liabilities,
including
costs,
expenses,
settlements
and
judgments,
may
adversely
affect
the
company
or
its
businesses;
11)
mergers
and
acquisitions
and
their
integration
into
the
company;
and
12)
decisions
to
downsize,
sell
or
close
units
or
otherwise
change
the
business
mix
of
any
of
the
company.
For
further
information regarding Bank of America Corporation, please read the Bank of America reports filed
with the SEC and available at www.sec.gov.

3
Summary Earnings Statement
Proforma
1     
% Change
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
$ in millions
GAAP
1Q06
1Q05
1Q05
Core net interest income (FTE)
$  8,630      $ 7,995
8 %
$  7,160
Market-based net interest income
410            546
546
Net interest income (FTE)
9,040         8,541
6 %
7,706
Noninterest income
8,901         7,775
15 %
6,032
Total revenue (FTE)
17,941       16,316
10 %
13,738
Provision for credit losses
1,270
882
44 %
580
Gains on sales of debt securities
14
659
NM
659
Noninterest expense (excl merger charges) 
8,826
8,399
5 %
6,945
Merger charge
98
880    
112
Noninterest
expense
8,924
9,279
7,057
Net income before merger charges
5,047
4,994
1 %
4,468
Merger & restructuring charges (after-tax)
61
557
75
Net Income
$ 4,986
$ 4,437
12 %
$  4,393  
Diluted EPS reported
$    1.07
$    1.07  
Merger charge impact
.01
.02
Diluted EPS (excl. merger charge)
$    1.08
$    1.09

4
Earnings Highlights –
1
st
Qtr 2006
•
Record earnings of $5 billion grew 14% over GAAP reported earnings in 1Q05
while EPS was steady due to MBNA dilution.  On a proforma
1
basis and
excluding merger charges net income grew 1%.
•
Versus 1Q05 proforma, growth includes headwinds of $388 million higher
credit provision expense as well as $645 million lower securities gains
(approximately $.14 impact)
•
1Q06 highlighted by record market sensitive revenue with steady consumer
growth and continuing commercial momentum.
•
Total revenue, on a proforma
basis, grew 10% over 1Q05.
–
Market sensitive revenue grew 55%
–
Other revenue grew 5%
•
Expenses, excluding merger charges, grew 5% from last year resulting in a 5%
operating leverage (revenue growth less expense growth).  
•
1Q06 expense includes $320 million charge for FAS123R acceleration of
equity based compensation expense for Rule of 60 eligible participants
•
MBNA integration well underway and on track.
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06

5
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Net interest income
$ 5,400
$ 5,029
7 %          $ 4,215
$ 4,325
28 %
25 %
Noninterest income
4,801
4,380
10 %
2,638  
2,955
82 %        62 %
Total revenue
10,201
9,409
8 %
6,853  
7,280
49 %        40 %
Securities gains (losses)        (1)
(1)
(1)    
(1)
-
-
Provision expense
1,257
1,012
24 %
710
1,299
77 %       ( 3 %)
Noninterest expense
4,693
4,665
-
3,238
3,325
45 %        41 %
Pre-tax income
4,250
3,731
2,904
2,655
Income tax expense
1,575
1,323
1,026   
945
Net income
$ 2,675
$ 2,408
11 %          $ 1,878
$ 1,710
42 %       56 %
Efficiency Ratio
46 %
50 %
47 %
46 %
ROE
17 %
17
%
26 %
22 %
Global Consumer & Small Business Banking (GCSB)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06

6
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$ 3,984
3,467
15 %
$ 3,426 
4,034
16 %       ( 1 %)
Provision expense
28
(7)
(7)
48
Noninterest expense
2,206
1,931
14 %
1,931
2,070
14 %          7 %
Pre-tax income
1,750
1,543
1,502
1,916
Income tax expense
649
547
530   
682
Net income
$ 1,102
$    996
11 %           $   972
$ 1,234
13 %        (11 %)
Debit purchase volume   $ 38.6 bb  $ 31.2 bb    24 %
Net new accounts
Checking
603 k
611 k
Savings
483 k
771 k
Deposits (GCSB)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
•
#1 US deposit market share in US with largest branch and ATM network
•
#1 online banking presence with more than 19 million customers
•
#1
online
bill
pay
with
10
million
customers
paying
$44
billion
in
bills
in
the
quarter.
•
Same store product sales up 11% over 1Q05

7
Deposits Business Metrics (GCSB) -
Proforma
5 Quarter trend of deposit indicators:
1Q06
4Q05
1
3Q05
1
2Q05
1
1Q05
1
Average balances (in billions)
Checking
$ 126.3
$ 125.8
$ 124.8
$ 123.4
$ 120.1
Savings
32.1
31.9
32.1
32.5
31.6
MMS
76.9
78.4
75.1
74.0
76.3
CDs & IRAs
84.8
85.5
93.8
92.8
90.1
Foreign & Other
10.0
11.1
11.9
10.8
9.6
Total GCSB deposits
330.2
332.7
337.8
333.5
327.6
Cumulative balances transferred ²
45.4
44.7
41.7
38.3
32.4
Deposit Spreads
Checking
4.18 %
4.16 %
4.17 %
4.14 %
4.24 %
Savings
3.36
3.52
3.78
4.01
4.37
MMS
2.53
2.50
1.89
1.54
1.34
CDs & IRAs
1.21
1.01
.80
.73
.63
Foreign & Other
3.68
3.58
3.02
2.93
2.80
Total GCSB deposits
2.93
2.86
2.63
2.54
2.52
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06.
2
Premier customer balances transferred to GWIM segment

8
Deposits Business Metrics (GCSB) -
GAAP
5 Quarter trend of deposit indicators:
1Q06
4Q05
3Q05
2Q05
1Q05
Average balances (in billions)
Checking
$ 126.3
$ 125.5
$ 124.4
$ 123.0
$ 119.8
Savings
32.1
31.9
32.0
32.5
31.5
MMS
76.9
71.9
68.8
67.7
69.7
CDs & IRAs
84.8
69.4
76.8
75.7
73.1
Foreign & Other
10.0
7.9
8.5
7.6
6.4
Total GCSB deposits
330.2
306.6
310.5
306.5
300.6
Cumulative balances transferred ²
45.4
44.7
41.7
38.3
32.4
Deposit Spreads
Checking
4.18 %
4.16 %
4.17 %
4.14 %
4.24 %
Savings
3.36
3.53
3.78
4.02
4.38
MMS
2.53
2.69
2.02
1.64
1.43
CDs & IRAs
1.21
1.19
.90
.80
.66
Foreign & Other
3.68
4.19
3.88
3.67
3.52
Total GCSB deposits
2.93
3.06
2.82
2.72
2.70
2
Premier customer balances transferred to GWIM segment

9
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$ 5,933
$ 5,594
6 %
$  2,140 
2,276
177 %     161 %
Provision expense
1,820
2,150
(15 %)
843
1,254
116 %       45 %
Noninterest expense
2,016
2,184
( 8 %)
758
730
166 %     176 %
Pre-tax income
2,097
1,260
539
293
Income tax expense
777
446
190            104  
Net income
$  1,320
$     814
62 %           $     349
$    188
279 %     600 %
Proforma
1
4Q05
North American Card
$143.5 bb $  138.4 bb
4 %
$  144.8 bb
Managed losses
1,103
1,821       
2,733
Losses % of receivables     3.12 %      5.35
%
7.48 % 
30 day delinquency
4.45 %
4.61 % 
3.98 %
Risk Adj. Margin
10.26 %      8.28 %
5.63 %
Purchase volume
$ 49.6 bb
$  45.8 bb   8%   
$ 57.1 bb   
Card Services (GCSB) –
Managed View
($ in millions)
GAAP Basis
1
Proforma 1Q05 includes MBNA refer to 8-K filing 4/10/06
•
#1 consumer credit card issuer in the United States and strong growing positions in certain
international markets with $23 billion of international managed receivables.
*
Card Services financials includes North America credit card lending,
International credit card lending, and unsecured consumer finance lending.

10
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$ 5,278
$ 4,444
19 %
$ 1,995 
2,213
165 %       139 %
Provision expense
1,166
1,000
17 %
698
1,191
67 %          (2 %)
Noninterest expense
2,016
2,184
( 8 %)
758
730
166 %        176 %
Pre-tax income
2,097
1,260
539
293
Income tax expense
777
446
190   
104
Net income
$ 1,320
$    814
62 %           $    349
$     188
279 %     601 %
Proforma
1
4Q05
North American Card
$  69.2 bb   $  63.1 bb
10 %
$   71.2 bb
Net charge-offs
635
881      
1,529
Losses % of receivables     3.73 %      5.67 %
8.51
%
Card Services (GCSB) –
Held View
($ in millions)
GAAP Basis
1
Proforma 1Q05 includes MBNA refer to 8-K filing 4/10/06
•
#1 consumer credit card issuer in the United States and strong growing positions in certain
international markets with $23 billion of international managed receivables.
*
Card Services financials includes North America credit card lending,
International credit card lending, and unsecured consumer finance lending.

11
Home Equity (GCSB)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
•
#1 home equity lender in the United States with an 8.4% market share at end of 2005.
•
$73.9 billion in home equity balances across all Bank of America segments at 3/31/06.
2
Includes originations across all business segments
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$   351
$   323
9 %
$  323 
350
9 %         0 %
Provision expense
12
8
48 %
8
10
48 %       22 %
Noninterest expense
154
182
(16 %)
182
146
(16 %)        5 %
Pre-tax income
185
133
133
194
Income tax expense
69
47
47              69
Net income
$    117
$     86
36 %           $    86
$   125
36 %      (7 %)
Home equity orig.
2
$  18.6 bb
$  15.1 bb
23 %
$  15.1 bb
$  19.6 bb
GCSB HE avg, bal.
53.0 bb     45.2 bb       
44.7 bb      50.4 bb
Total HE avg bal.
2
72.4 bb
59.3 bb
22 %
58.7 bb
68.5 bb
Application units
2
302.6 k
262.6 k  15 %
272.7 k

12
Mortgage (GCSB)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
•
Ranks
#6
in
mortgage
servicing
and
#5
in
mortgage
production
at
12/31/05
with
1,700
retail account executives in nearly 160 locations.
2
Includes originations across all business segments
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$ 347
$ 458
(24 %)
$ 452 
430
(23 %)    (19 %)
Provision expense
4
5
(24 %)
6
6
(24 %)    (25 %)
Noninterest expense
229
276
(17 %)
276
276
(17 %)    (17 %)
Pre-tax income
114
177
170
149
Income tax expense
42
63
60   
53
Net income
$     72
$ 114
(37 %)            $ 110
$    96
(34 %)   (25 %)
Mortgage originations
2
$  17.3 bb
$17.5 bb
(1 %)
$  17.5 bb
$  20.6 bb
MSR s ending bal.
2,925
2,547       
2,547
2,658
% of loans serviced
1.32 %       1.28 %
1.28 %       1.22 %             

13
Consumer Credit Quality –
Total BAC
Excl. BK reform
impact
$ in millions
Proforma
1
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
GAAP
Upon acquisition of MBNA, in accordance with SOP 03-3, certain acquired loans that were considered impaired at the acquisition date
were
written
down
to
fair
value.
Therefore,
reported
net
charge-offs
and
managed
losses
for
the
held
and
managed
portfolios
for
the
first
quarter of 2006 are lower since these impaired loans that would have produced charge-offs in the first quarter were reduced to fair value
at the acquisition date.
SOP 03-3 did not impact the securitized loan portfolio.
If
SOP
03-3
was
not
applied,
the
Corporation’s
managed net
charge-offs
would
have
increased
$71
million
for
credit
card
–
domestic,
$38
million for credit card –
foreign, $60 million for direct/indirect consumer, $28 million for other consumer, for a total increase
of $197 million in managed net charge-offs for total consumer.
1Q06
1Q05
1Q05
4Q05
4Q05
Consumer
Consumer
charge-offs
$
1,006
$
1,338
$
1,018
$
1,749
Consumer
recoveries
213
181
151
172
Net
consumer
charge-offs
793
1,158
867
1,577
$
1,069
Net
consumer
c/o
ratio
.82%
1.30%
1.07%
1.79%
1.21%
Allowance
for
loans
&
lease
$
5,468
$
5,371
$
4,279
$
4,515
Managed North America
Consumer Card Information:
Net
losses
$
1,103
$
1,821
$
884
$
1,429
$
905
Net
losses
%
3.12%
5.31%
6.17%
9.49%
6.01%
30-day
delinquency
4.45%
4.61%
4.20%
4.17%

14
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Net
interest
income
$
2,714
$
2,877
(6
%)
$
2,856
$
2,771
(
5
%)
(2
%)
Noninterest
income
2,846
2,613
9
%
2,591
2,187
10
%
30
%
Total
revenue
5,560
5,490
1
%
5,447
4,958
2
%
12
%
Securities
gains
(losses)
23
30
30
95
Provision
expense
39
(151)
(151)
97
Noninterest
expense
3,026
2,713
12
%
2,705
2,956
12
%
2
%
Pre-tax
income
2,518
2,958
2,923
2,000
Income
tax
expense
932
1,085
1,072
711
Net
income
$
1,586
$
1,873
(15
%)
$
1,851
$
1,289
(14
%)
23
%
Efficiency Ratio
54 %
49 %
50 %
60 %
ROE
15 %
18  %
18 %
12 %
Global Corporate & Investment Banking (GCIB)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06

15
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$1,338
$ 1,637
(18 %)
$ 1,628 
$1,397
(18 %)        (4 %)
Securities gains (losses)          9
21
21
-
Provision expense
16
(26)
NM
(26)
228
NM           NM
Noninterest expense
513
496
3 %
498
526
3 %         (3 %)
Pre-tax income
818
1,188
1,177
643
Income tax expense
302
413
408  
230
Net income
$    516
$   775
(33
%)          $    769
$ 413
(33 %)        25 %
Risk mitigation rev.
$   (83)
$  138
$  138
$  (36)
Avg. loans
211 bb
183 bb
15%
183 bb
204 bb
15%
3 %
Business Lending (GCIB)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
•
#1 middle market lender with clients representing more than 20%
of middle market companies within our
franchise. 
•
Industry leading positions across Commercial Real Estate lending, Dealer Financial Services, Business Capital
and Business Banking and Leasing.
•Client roster includes 97% of the US Fortune 500 and 79% of global Fortune 500

16
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$ 2,216
$ 1,864
19 %
$ 1,864 
$ 1,554
19 %        42 %
Securities gains (losses)          5
8
8
32
Provision expense
3
(2)
(2)
(14)
Noninterest expense
1,394
1,172
19 %
1,171
1,310
19 %          6 %
Pre-tax income
824
702
703
290
Income tax expense
305
247
247
101
Net income
$    519
$   455
14 %           $    456
$   189
14 %       175 %
Investment Banking
$   522
$   375
39 %
$   374
$   547
40 %
(5 %)
Sales & Trading ²
Fixed Income
1,223
1,027
19 %
1,028
777
19 %
57 %
Equity
476
470         1 %
470
262
1 %
82 %
Avg. Trading assets
314 bb
275 bb   14 %
275 bb       313 bb
14 %
-
Total volatility (1 Std dev)    8.8
15.8
15.8
12.2
Capital Markets and Advisory Services (GCIB)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
2
Includes securities gains

17
Proforma
1
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$ 1,628
$ 1,417
15 %
$ 1,411 
$ 1,605
15 %         1 %
Provision expense
6
(6)
(5)
(5)
1
Noninterest expense
806
778
4 %
783
780
3 %         3 %
Pre-tax income
816
645
633
824
Income tax expense
302
232
228   
296
Net income
$    514
$ 413
24 %           $    405
$   528
27 %       (3 %)
Average deposits
$ 144.2 bb  $150.5 bb
(4 %)
$150.5 bb  $ 149.2 bb
(4 %)
(3 %)
Deposit spread
2.77 %
2.10 %
2.10 %
2.64 %
Treasury Services (GCIB)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
•
Voted
#1
Principal
Cash
Management
bank
for
international
operations
for
both
large
corporate
and
middle
market company categories (Treasury & Risk Management magazine, 2005)
•
Cited by the highest percentage of large U.S. corporations as the most important treasury management
relationship among providers of U.S. services. (independent research company, 2005)
•
Voted “Best Bank for Payments and Collections in North America”
and “Best Liquidity/Working Capital
Management Bank in North America”. (Global Finance Magazine, 2005)

18
1Q05
2Q05
3Q05
4Q05
1Q06
Commercial
Commercial charge-offs
$ 169
$ 207
$ 391
$ 255
$ 111
Commercial recoveries
121
189
133
163
81
Net commercial charge-offs
48
18
258
1
92
29
Nonperforming assets
1,558
1,167
859
779
833
Net commercial c/o ratio
.10%
.04%
.50%
1
.17%
.05%
Allowance for loans & leases    $ 4,120      $ 3,874      $ 3,608       $ 3,613      $ 3,599
Commercial Credit Quality –
Total BAC
1
3Q05 charge-offs included $209 million domestic airline industry exposure.  Net
charge-off ratio excluding domestic airline industry charge-offs was ..06%
$ in millions
2
Periods
presented
prior
to
1Q06
are
on
a
proforma
basis

19
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Net interest income
$    981
$    979
-
%          $    955
$ 1,001
3 %       (2 %)
Noninterest income
987
858
15 %
858 
890
15 %        11 %
Total revenue
1,968
1,837
7 %
1,813  
1,891
9 %          4 %
Securities gains (losses)       
-
-
Provision expense
(1)
2
NM
2
1
NM           NM
Noninterest expense
992
909
9 %
909
946
9 %         5 %
Pre-tax income
977
926
902
944
Income tax expense
363
327
318   
337
Net income
$    614
$   599
3 %          $   584
$    607
5 %          1 %
Efficiency Ratio
50 %
49 %
50 %
50 %
ROE
23 %
22  %
24 %
22 %
Global Wealth & Investment Management (GWIM)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
Proforma
1

20
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$  539
513
5 %
$ 513 
$  525
5 %         3 %
Provision expense
(4)
(2)
(2)
(3)
Noninterest expense
314
305
3 %
305
313
3 %            -
Pre-tax income
230
210
210
215
Income tax expense
85
75
75   
77
Net income
$  145
$   135
7 %          $  135
$  138
7 %         4 %
Inv. & brokerage fees
$  252
$   256
$  256
$  252
Average Loans
30.5 bb
29.7 bb     3 %
29.7 bb       30.4 bb
3 %
-
Average Deposits
18.5 bb
26.9 bb   (31%)
26.9 bb
18.5 bb
(31 %)
-
AUM
166.0 bb
164.6 bb
-
164.6 bb      164.0 bb       -
1.2 %
Private Bank (GWIM)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
Proforma
1

21
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$  363
332
9 %
$ 332 
345
9 %           5 %
Noninterest
expense
236
221
7 %
222
233
6 %           1 %
Pre-tax income
127
111
110
112
Income tax expense
47
39
39   
40
Net income
$    80
$     72
11 %           $   71
$   72
13 %         11 %
Inv. & brokerage fees
$  364
$   315
16 %
$  315
$ 335
16 %
8 %
AUM
385.9 bb
316.1 bb
22 %
316.1 bb
361.2 bb
22 %
7 %
% of AUM
In 4 & 5 Star Funds
(4)
56 %
52 %
52 %
56 %
In 1
st
& 2
nd
quartiles
(5)
82 %
72 %
72 %
78 %
Columbia Management (GWIM)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
Proforma
1

22
vs. 1Q05   vs. 4Q05
1Q06
1Q05
% chg
1Q05
4Q05
% chg
% chg
Total revenue (FTE)
$  716
$  575
25 %
$ 575 
$ 706
25 %          1%
Provision expense
3
4
4
4
Noninterest
expense
349
314
11 %
314
308
11 %        13 %
Pre-tax income
364
257
257
394
Income tax expense
136
87
87  
140
Net income
$  228
$  170
34 %            $  170
$ 254
38%       (10 %)
Asset mgmt fees
$    41
$    26
$   26
$    38
Brokerage fees
139
138
138
130
Average loans
28.2 bb
21.2 bb    33 %
21.2 bb       26.7 bb
33 %
6 %
Average deposits
47.9 bb
54.1 bb  (11 %)
54.1 bb
49.3 bb
(11 %)
(3 %)
AUM
15.3 bb
9.7 bb
57  %
9.7 bb      13.7 bb       57 %
12 %
# of client advisors
4,046
3,978
3,978
3,999
Premier Banking & Investments (GWIM)
($ in millions)
GAAP Basis
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06
Proforma
1

23
All Other
•
The corporation’s total equity investment gains were $660 million versus $481
million in 4Q05 and $399 million in 1Q05. $513 million in 1Q06, $453 million in
4Q05 and $264 million in 1Q05 of these gains are reported in this segment.
•
Debt
securities
gains
recorded
were
$14
million,
a
decrease
from
$71
million
in
4Q05 and a decline from $659 million in 1Q05

24
1Q06
4Q05
1Q05
Tier 1 Capital
$   83,201   $   74,375    $  67,593
Risk Weighted Assets
948,190
901,469
817,862
Tier 1 Capital Ratio
8.45%
8.25%
8.26%
Total Capital Ratio
11.33%
11.08%
11.52%
Tier 1 Leverage Ratio
6.18%
5.91%
5.86%
Tangible Equity
$   52,473   $   52,984    $  49,869
Tangible Equity Ratio
4.04%
4.26%
4.29%
Net liquid assets –
bank level
$ 282,100   $ 265,500    $ 272,700
Months
to
required
funding-
Parent
Co.
25
29
26
Dividends paid
$     2,333    $    2,012    $   1,835
Payout ratio
47%
56%
42%
Dividend yield
4.39%
4.33%
4.08%
Capital Strength
$ in millions

25
Linked Quarter Net Interest Income & Yield
1Q06
4Q05
Change
% Change
Reported net interest income (FTE)                $    9,040   
$   8,102       $   938
12 %
Market based related NII
410
419              (9)
Core net interest Income (FTE)
8,630
7,683            947
12 %
Avg. earning assets
$ 1,219,611      $ 1,145,550      $ 74,061
6  %
Market based earning assets
336,496
329,237         7,259
2 %
Reported net interest yield
2.98 %
2.82 %
16 bp
Core net interest yield
3.93 %
3.75 %
18 bp
Net Interest Income
$ in millions
•
Addition of MBNA (including purchase accounting adjustments) added approximately
$800 mm and 16 bps to net interest income and net interest margin in 1Q06
•
The positive impact of higher loan levels and asset liability management actions more
than offset the headwinds of compression and fewer days in the current quarter. 

26
Business Segment ALM Allocations
1Q06
1Q05
1
Global Consumer & Small Business
$ 315
$ 616
Global Corporate & Investment Bank
51
269
Global Wealth & Investment Management
44
230
1
Proforma
1Q05 includes MBNA refer to 8-K filing 4/10/06

28
Net Interest Income Sensitivity -
Managed
Net interest income impact for next 12 months
Forward curve interest rate scenarios
@3/31/06
@12/31/05
+ 100 bp
parallel shift
($  924)
($  357)
-
100 bp
parallel shift
894
244
Flattening scenario from forward curve
+ 100 bp
flattening on short end
(  1,134)
(   523)
Steepening
scenario from forward curve
+ 100 bp
steepening
on long end
203
168

29
•
MBNA integration on target
Relationships with financial institution partners remain strong
Cost savings on target with over $150 million in 1Q driven by personnel related and marketing
One third of planned 6,000 position reductions achieved as of 3/31, primarily through attrition
since merger announcement date. Recently announced site conversion in 4Q.
Integration projects on track with consumer card platform conversion in 4Q
•
1Q06 key events
Initiated rollout of affinity cards in banking centers
o
Piloting 700 banking centers
o
Early results for applications and booked accounts 2X expectations
Launched affinity cards through bankofamerica.com
o
Currently 315 products available
o
Applications and booked accounts on target
Renewed relationships with several key affinity partners
Began associate engagement and cultural integration
MBNA facility branding well underway
Completed management structure for Card Services business
Maintained business as usual
MBNA Integration Update

30
Footnote Disclosures
Footnotes for Page 21
(4)
Please consider the objectives, risks, charges and expenses of any Columbia fund carefully before investing. Contact your financial advisor for a prospectus, which
contains this and other important information about the fund. You should read it carefully before investing.
©2006 by Morningstar, Inc. All rights reserved. The information contained herein is the proprietary information of Morningstar, Inc., may not be copied or
redistributed
for
any
purpose
and
may
only
be
used
for
noncommercial,
personal
purposes.
The
information
contained
herein
is
not
represented
or
warranted
to
be
accurate,
correct,
complete
or
timely.
Morningstar,
Inc.
shall
not
be
responsible
for
investment
decisions,
damages
or
other
losses
resulting
from
the
use
of
this
information. Past performance is no guarantee of future performance. Morningstar, Inc. has not granted consent for it to be considered or deemed an “expert”
under the Securities Act of 1933.
(5)
Results shown are defined by Columbia Management’s calculation of its percentage of assets under management in the top two quartiles of categories based on
Morningstar
(Equity
categories,
Lipper
(
Fixed
Income
categories)
(iMoneyNet
Money
Market
funds).
The
category
percentile
rank
was
calculated
by
ranking
the
three
year
gross
return
of
share
classes
within
the
categories
stated
above
.
The
assets
of
the
number
of
funds
within
the
top
2
quartile
results
include
both
were
added and then divided by Columbia Managements total assets under management. Had fees been included, rankings would have been lower. Past performance is
no guarantee of future results.

31
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