Supplemental Information prepared for us on October 19, 2006

Exhibit 99.2

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Supplemental Information

Third Quarter 2006

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

Consolidated Financial Highlights


(Dollars in millions, except per share information; shares in thousands)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Income statement
Net interest income	$	25,992		$	22,878		$	8,586		$	8,630		$	8,776		$	7,859		$	7,735
Noninterest income		28,566			19,403			10,067			9,598			8,901			5,951			6,416
Total revenue		54,558			42,281			18,653			18,228			17,677			13,810			14,151
Provision for credit losses		3,440			2,614			1,165			1,005			1,270			1,400			1,159
Gains (losses) on sales of debt securities		(464	)		1,013			(469	)		(9	)		14			71			29
Noninterest expense		26,504			21,361			8,863			8,717			8,924			7,320			7,285
Income tax expense		8,273			6,428			2,740			3,022			2,511			1,587			1,895
Net income		15,877			12,891			5,416			5,475			4,986			3,574			3,841
Diluted earnings per common share		3.44			3.16			1.18			1.19			1.07			0.88			0.95
Average diluted common shares issued and outstanding		4,614,599			4,072,991			4,570,558			4,601,169			4,666,405			4,053,859			4,054,659
Dividends paid per common share	$	1.56		$	1.40		$	0.56		$	0.50		$	0.50		$	0.50		$	0.50

Performance ratios
Return on average assets		1.46	%		1.37	%		1.43	%		1.51	%		1.43	%		1.09	%		1.18	%
Return on average common shareholders’ equity		16.44			17.29			16.64			17.26			15.44			14.21			15.09


At period end
Book value per share of common stock	$	29.52		$	25.28		$	29.52		$	28.17		$	28.19		$	25.32		$	25.28
Market price per share of common stock:
Closing price	$	53.57		$	42.10		$	53.57		$	48.10		$	45.54		$	46.15		$	42.10
High closing price for the period		53.57			47.08			53.57			50.47			47.08			46.99			45.98
Low closing price for the period		43.09			41.60			47.98			45.48			43.09			41.57			41.60
Market capitalization		240,966			168,950			240,966			217,794			208,633			184,586			168,950

Number of banking centers - domestic		5,722			5,844			5,722			5,779			5,786			5,873			5,844
Number of ATMs - domestic		16,846			16,714			16,846			16,984			16,716			16,785			16,714
Full-time equivalent employees		200,220			177,539			200,220			201,898			202,503			176,934			177,539

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Supplemental Financial Data


(Dollars in millions) Fully taxable-equivalent basis data
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Net interest income	$	26,860		$	23,467		$	8,894		$	8,926		$	9,040		$	8,102		$	7,933
Total revenue		55,426			42,870			18,961			18,524			17,941			14,053			14,349
Net interest yield		2.85	%		2.85	%		2.73	%		2.85	%		2.98	%		2.82	%		2.78	%
Efficiency ratio		47.82			49.83			46.75			47.06			49.74			52.09			50.76

Reconciliation to GAAP financial measures

Supplemental financial data presented on an operating basis is a basis of presentation not defined by accounting principles generally accepted in the United States (GAAP) that excludes merger and restructuring charges. We believe that the exclusion of merger and restructuring charges, which represent events outside our normal operations, provides a meaningful period-to-period comparison and is more reflective of normalized operations.

Shareholder value added (SVA) is a key measure of performance not defined by GAAP that is used in managing our growth strategy orientation and strengthening our focus on generating long-term growth and shareholder value. SVA is used to evaluate the Corporation’s use of equity (i.e., capital) at the individual unit level and is an integral component in the analytics for resource allocation. Using SVA as a performance measure places specific focus on whether incremental investments generate returns in excess of the costs of capital associated with those investments. Each business segment has a goal for growth in SVA reflecting the individual segment’s business and customer strategy.

Other companies may define or calculate supplemental financial data differently. See the tables below for supplemental financial data and corresponding reconciliations to GAAP financial measures for the quarters ended September 30, 2006, June 30, 2006, March 31, 2006, December 31, 2005, and September 30, 2005, and the nine months ended September 30, 2006 and 2005.


Reconciliation of net income to operating earnings
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Net income	$	15,877		$	12,891		$	5,416		$	5,475		$	4,986		$	3,574		$	3,841
Merger and restructuring charges		561			353			269			194			98			59			120
Related income tax benefit		(208	)		(118	)		(100	)		(71	)		(37	)		(19	)		(40	)

Operating earnings	$	16,230		$	13,126		$	5,585		$	5,598		$	5,047		$	3,614		$	3,921


Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity

Average common shareholders’ equity	$	129,020		$	99,561		$	129,098		$	127,102		$	130,881		$	99,677		$	100,974
Average goodwill		(66,132	)		(45,341	)		(66,077	)		(66,226	)		(66,094	)		(45,305	)		(45,297	)

Average tangible common shareholders’ equity	$	62,888		$	54,220		$	63,021		$	60,876		$	64,787		$	54,372		$	55,677


Operating basis

Diluted earnings per common share	$	3.52		$	3.22		$	1.22		$	1.22		$	1.08		$	0.89		$	0.97
Return on average assets		1.49	%		1.40	%		1.48	%		1.54	%		1.45	%		1.10	%		1.20	%
Return on average common shareholders’ equity		16.81			17.61			17.16			17.65			15.63			14.36			15.39
Return on average tangible common shareholders’ equity		34.48			32.34			35.16			36.85			31.57			26.33			27.91
Efficiency ratio ⁽¹⁾		46.81			49.00			45.33			46.01			49.19			51.66			49.92

Reconciliation of net income to shareholder value added

Net income	$	15,877		$	12,891		$	5,416		$	5,475		$	4,986		$	3,574		$	3,841
Amortization of intangibles		1,322			613			441			441			440			196			201
Merger and restructuring charges, net of tax benefit		353			235			169			123			61			40			80
Capital charge		(10,615	)		(8,191	)		(3,580	)		(3,485	)		(3,550	)		(2,764	)		(2,799	)

Shareholder value added	$	6,937		$	5,548		$	2,446		$	2,554		$	1,937		$	1,046		$	1,323

(1)

Fully taxable-equivalent basis

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

Bank of America Corporation

Consolidated

Statement of Income


(Dollars in millions, except per share information; shares in thousands)
	Year-to-Date September 30					Third Quarter			Second Quarter			First Quarter		Fourth Quarter			Third Quarter
	2006			2005		2006			2006			2006		2005			2005
Interest income
Interest and fees on loans and leases	$	35,569		$	25,307	$	12,638		$	11,804		$	11,127	$	9,536		$	8,933
Interest and dividends on securities		9,215			8,122		3,080			3,121			3,014		2,815			2,793
Federal funds sold and securities purchased under agreements to resell		5,755			3,535		2,146			1,900			1,709		1,477			1,382
Trading account assets		5,031			4,158		1,856			1,627			1,548		1,585			1,550
Other interest income		2,524			1,486		952			845			727		605			547

Total interest income		58,094			42,608		20,672			19,297			18,125		16,018			15,205

Interest expense
Deposits		10,491			7,016		3,976			3,508			3,007		2,476			2,471
Short-term borrowings		14,618			7,760		5,467			4,842			4,309		3,855			3,190
Trading account liabilities		1,840			1,745		727			596			517		619			707
Long-term debt		5,153			3,209		1,916			1,721			1,516		1,209			1,102

Total interest expense		32,102			19,730		12,086			10,667			9,349		8,159			7,470

Net interest income		25,992			22,878		8,586			8,630			8,776		7,859			7,735

Noninterest income
Service charges		6,125			5,777		2,147			2,077			1,901		1,927			2,080
Investment and brokerage services		3,334			3,122		1,085			1,146			1,103		1,062			1,060
Mortgage banking income		415			590		189			89			137		215			180
Investment banking income		1,623			1,319		510			612			501		537			522
Equity investment gains		2,122			1,691		705			699			718		521			713
Card income		10,566			4,246		3,473			3,662			3,431		1,507			1,520
Trading account profits		2,706			1,464		731			915			1,060		299			557
Other income		1,675			1,194		1,227			398			50		(117	)		(216	)

Total noninterest income		28,566			19,403		10,067			9,598			8,901		5,951			6,416

Total revenue		54,558			42,281		18,653			18,228			17,677		13,810			14,151

Provision for credit losses		3,440			2,614		1,165			1,005			1,270		1,400			1,159

Gains (losses) on sales of debt securities		(464	)		1,013		(469	)		(9	)		14		71			29

Noninterest expense
Personnel		13,767			11,209		4,474			4,480			4,813		3,845			3,837
Occupancy		2,100			1,889		696			703			701		699			638
Equipment		978			894		318			316			344		305			300
Marketing		1,713			990		587			551			575		265			307
Professional fees		710			647		259			233			218		283			254
Amortization of intangibles		1,322			613		441			441			440		196			201
Data processing		1,245			1,093		426			409			410		394			361
Telecommunications		685			608		237			228			220		219			206
Other general operating		3,423			3,065		1,156			1,162			1,105		1,055			1,061
Merger and restructuring charges		561			353		269			194			98		59			120

Total noninterest expense		26,504			21,361		8,863			8,717			8,924		7,320			7,285

Income before income taxes		24,150			19,319		8,156			8,497			7,497		5,161			5,736
Income tax expense		8,273			6,428		2,740			3,022			2,511		1,587			1,895

Net income	$	15,877		$	12,891	$	5,416		$	5,475		$	4,986	$	3,574		$	3,841

Net income available to common shareholders	$	15,868		$	12,877	$	5,416		$	5,471		$	4,981	$	3,570		$	3,836

Per common share information
Earnings	$	3.49		$	3.21	$	1.20		$	1.21		$	1.08	$	0.89		$	0.96

Diluted earnings	$	3.44		$	3.16	$	1.18		$	1.19		$	1.07	$	0.88		$	0.95

Dividends paid	$	1.56		$	1.40	$	0.56		$	0.50		$	0.50	$	0.50		$	0.50

Average common shares issued and outstanding		4,547,693			4,012,924		4,499,704			4,534,627			4,609,481		3,996,024			4,000,573

Average diluted common shares issued and outstanding		4,614,599			4,072,991		4,570,558			4,601,169			4,666,405		4,053,859			4,054,659

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

Bank of America Corporation


Consolidated Balance Sheet

	September 30 2006			June 30 2006			September 30 2005
*(Dollars in millions)*	September 30 2006			June 30 2006			September 30 2005
Assets
Cash and cash equivalents	$	31,239		$	34,545		$	32,771
Time deposits placed and other short-term investments		13,006			14,652			11,236
Federal funds sold and securities purchased under agreements to resell		134,595			136,645			135,409
Trading account assets		141,211			134,708			121,256
Derivative assets		23,121			25,526			26,005
Securities:
Available-for-sale		195,095			235,785			227,349
Held-to-maturity, at cost		57			61			136

Total securities		195,152			235,846			227,485

Loans and leases		669,149			667,953			554,612
Allowance for loan and lease losses		(8,872	)		(9,080	)		(8,326	)

Loans and leases, net of allowance		660,277			658,873			546,286

Premises and equipment, net		9,205			9,334			7,659
Mortgage servicing rights (includes $2,932 and $3,083 measured at fair value at September 30 and June 30, 2006)		3,091			3,231			2,763
Goodwill		65,818			66,095			45,298
Intangible assets		9,758			10,338			3,356
Other assets		162,738			115,400			92,743

Total assets	$	1,449,211		$	1,445,193		$	1,252,267

Liabilities
Deposits in domestic offices:
Noninterest-bearing	$	169,540		$	177,209		$	174,990
Interest-bearing		409,718			410,940			390,973
Deposits in foreign offices:
Noninterest-bearing		4,371			6,765			6,750
Interest-bearing		82,276			81,951			53,764

Total deposits		665,905			676,865			626,477

Federal funds purchased and securities sold under agreements to repurchase		258,090			259,108			217,053
Trading account liabilities		64,936			57,486			51,244
Derivative liabilities		15,394			18,633			15,711
Commercial paper and other short-term borrowings		135,056			136,886			107,655
Accrued expenses and other liabilities (includes $388, $395 and $390 of reserve for unfunded lending commitments)		38,494			39,318			33,250
Long-term debt		137,739			129,056			99,149

Total liabilities		1,315,614			1,317,352			1,150,539

Shareholders’ equity
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 40,739; 1,090,189 and 1,090,189 shares		826			271			271
Common stock and additional paid-in capital, $0.01 par value; authorized - 7,500,000,000 shares; issued and outstanding - 4,498,145,315; 4,527,940,943 and 4,013,063,444 shares		63,929			65,822			42,548
Retained earnings		76,271			73,393			65,980
Accumulated other comprehensive income (loss)		(6,867	)		(10,973	)		(6,580	)
Other		(562	)		(672	)		(491	)

Total shareholders’ equity		133,597			127,841			101,728

Total liabilities and shareholders’ equity	$	1,449,211		$	1,445,193		$	1,252,267

Certain

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

Bank of America Corporation

Capital Management


(Dollars in millions)
	Third Quarter 2006 ⁽¹⁾			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Risk-based Capital:
Tier 1 capital	$	88,085		$	84,978		$	83,174		$	74,375		$	73,572
Total capital		119,074			114,738			111,422			99,901			99,531
Risk-weighted assets		1,039,283			1,019,828			984,190			901,469			889,643
Tier 1 capital ratio		8.48	%		8.33	%		8.45	%		8.25	%		8.27	%
Total capital ratio		11.46			11.25			11.32			11.08			11.19
Tangible common equity ratio ⁽²⁾		4.16			3.74			4.02			4.24			4.39
Tier 1 leverage ratio		6.16			6.13			6.18			5.91			5.90

(1)

Preliminary data on risk-based capital

(2)

Tangible common equity ratio equals common shareholders’ equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets.

Share Repurchase Program

59.5 million common shares were repurchased in the third quarter of 2006 as a part of an ongoing share repurchase program.

123.2 million shares remain outstanding under the 2006 authorized program.

29.7 million shares were issued in the third quarter of 2006.

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*	Preliminary data on risk-based capital

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data avilable at the time of the presentation.

Bank of America Corporation

Core Net Interest Income - Managed Basis


(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Net Interest Income
As reported⁽¹⁾	$	26,860		$	23,467		$	8,894		$	8,926		$	9,040		$	8,102		$	7,933
Impact of market-based net interest income ⁽²⁾		(1,165	)		(1,527	)		(375	)		(379	)		(411	)		(421	)		(453	)

Core net interest income		25,695			21,940			8,519			8,547			8,629			7,681			7,480
Impact of securitizations		5,195			313			1,760			1,710			1,725			11			52

Core net interest income -managed basis	$	30,890		$	22,253		$	10,279		$	10,257		$	10,354		$	7,692		$	7,532

Average Earning Assets
As reported	$	1,258,927		$	1,100,685		$	1,302,366		$	1,253,895		$	1,219,611		$	1,145,550		$	1,137,629
Impact of market-based earning assets ⁽³⁾		(356,831	)		(319,856	)		(375,960	)		(357,549	)		(336,552	)		(329,299	)		(335,043	)

Core average earning assets		902,096			780,829			926,406			896,346			883,059			816,251			802,586
Impact of securitizations		97,265			9,905			98,722			96,776			96,268			6,447			7,827

Core average earning assets -managed basis	$	999,361		$	790,734		$	1,025,128		$	993,122		$	979,327		$	822,698		$	810,413

Net Interest Yield Contribution
As reported⁽¹⁾		2.85	%		2.85	%		2.73	%		2.85	%		2.98	%		2.82	%		2.78	%
Impact of market-based activities		0.95			0.90			0.94			0.97			0.95			0.93			0.94

Core net interest yield on earning assets		3.80			3.75			3.67			3.82			3.93			3.75			3.72
Impact of securitizations		0.32			0.01			0.33			0.31			0.32			(0.02	)		(0.01	)

Core net interest yield on earning assets - managed basis		4.12	%		3.76	%		4.00	%		4.13	%		4.25	%		3.73	%		3.71	%

(1)

Fully taxable-equivalent basis

(2)

Market-based Net Interest Income represents Net Interest Income from the Capital Markets and Advisory Services business within Global Corporate and Investment Banking.

(3)

Market-based earning assets represents earning assets from the Capital Markets and Advisory Services business within Global Corporate and Investment Banking.

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

Bank of America Corporation

Quarterly Average Balances and Interest Rates - Fully Taxable-equivalent Basis


(Dollars in millions)
	Third Quarter 2006						Second Quarter 2006						Third Quarter 2005
	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	$	15,629	$	173	4.39	%	$	16,691	$	168	4.05	%	$	14,498	$	125	3.43	%
Federal funds sold and securities purchased under agreements to resell		173,381		2,146	4.94			179,104		1,900	4.25			176,650		1,382	3.12
Trading account assets		146,817		1,928	5.24			133,556		1,712	5.13			142,287		1,578	4.42
Securities		236,033		3,136	5.31			236,967		3,162	5.34			225,952		2,820	4.99
Loans and leases ⁽¹⁾:
Residential mortgage		222,889		3,151	5.65			197,228		2,731	5.54			171,012		2,298	5.37
Credit card - domestic		62,508		2,189	13.90			64,980		2,168	13.38			55,271		1,651	11.85
Credit card - foreign		9,455		286	12.02			8,305		269	12.97			—		—	—
Home equity lines		70,075		1,351	7.65			67,182		1,231	7.35			58,046		910	6.22
Direct/Indirect consumer		61,361		1,193	7.74			56,715		1,057	7.46			47,900		702	5.81
Other consumer ⁽²⁾		11,075		298	10.66			10,804		294	10.95			6,715		170	10.05

Total consumer		437,363		8,468	7.71			405,214		7,750	7.66			338,944		5,731	6.73

Commercial - domestic		153,007		2,805	7.28			148,445		2,695	7.28			127,044		2,095	6.54
Commercial real estate		37,471		724	7.67			36,749		680	7.41			34,663		542	6.20
Commercial lease financing		20,875		232	4.46			20,896		262	5.01			20,402		239	4.69
Commercial - foreign		24,761		454	7.27			24,345		456	7.52			18,444		349	7.51

Total commercial		236,114		4,215	7.09			230,435		4,093	7.12			200,553		3,225	6.38

Total loans and leases		673,477		12,683	7.49			635,649		11,843	7.47			539,497		8,956	6.60

Other earning assets		57,029		914	6.38			51,928		808	6.24			38,745		542	5.57

Total earning assets ⁽³⁾		1,302,366		20,980	6.41			1,253,895		19,593	6.26			1,137,629		15,403	5.39

Cash and cash equivalents		33,495						35,070						32,969
Other assets, less allowance for loan and lease losses		162,126						167,039						124,156

Total assets	$	1,497,987					$	1,456,004					$	1,294,754

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	34,268	$	69	0.81	%	$	35,681	$	76	0.84	%	$	35,853	$	56	0.62	%
NOW and money market deposit accounts		212,690		1,053	1.96			221,198		996	1.81			224,341		743	1.31
Consumer CDs and IRAs		147,607		1,658	4.46			141,408		1,393	3.95			130,975		1,094	3.31
Negotiable CDs, public funds and other time deposits		14,105		150	4.19			13,005		123	3.80			4,414		47	4.23

Total domestic interest-bearing deposits		408,670		2,930	2.84			411,292		2,588	2.52			395,583		1,940	1.95

Foreign interest-bearing deposits:
Banks located in foreign countries		38,588		562	5.78			32,456		489	6.05			19,707		292	5.89
Governments and official institutions		12,801		156	4.83			13,428		155	4.63			7,317		62	3.37
Time, savings and other		40,444		328	3.22			37,178		276	2.98			32,024		177	2.19

Total foreign interest-bearing deposits		91,833		1,046	4.52			83,062		920	4.44			59,048		531	3.57

Total interest-bearing deposits		500,503		3,976	3.15			494,354		3,508	2.85			454,631		2,471	2.16

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		429,882		5,467	5.05			408,734		4,842	4.75			339,980		3,190	3.72
Trading account liabilities		69,462		727	4.15			61,263		596	3.90			68,132		707	4.12
Long-term debt		136,769		1,916	5.60			125,620		1,721	5.48			98,326		1,102	4.48

Total interest-bearing liabilities ⁽³⁾		1,136,616		12,086	4.23			1,089,971		10,667	3.92			961,069		7,470	3.09

Noninterest-bearing sources:
Noninterest-bearing deposits		176,348						180,442						178,140
Other liabilities		55,761						58,218						54,299
Shareholders’ equity		129,262						127,373						101,246

Total liabilities and shareholders’ equity	$	1,497,987					$	1,456,004					$	1,294,754

Net interest spread					2.18						2.34						2.30
Impact of noninterest-bearing sources					0.55						0.51						0.48

Net interest income/yield on earning assets ⁽⁴⁾			$	8,894	2.73	%			$	8,926	2.85	%			$	7,933	2.78	%

(1)

Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cash basis.

(2)

Includes consumer finance of $2.9 billion and $3.0 billion in the third and second quarters of 2006, and $3.1 billion in the third quarter of 2005, and foreign consumer of $8.1 billion and $7.8 billion in the third and second quarters of 2006, and $3.5 billion in the third quarter of 2005.

(3)

Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on the underlying assets $(128) million and $(54) million in the third and second quarters of 2006, and $86 million in the third quarter of 2005. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on the underlying liabilities $(48) million and $87 million in the third and second quarters of 2006, and $274 million in the third quarter of 2005.

(4)

Interest income (FTE basis) for the three months ended June 30, 2006, does not include the cumulative tax charge resulting from a change in tax legislation relating to extraterritorial tax income and foreign sales corporation regimes. The FTE impact to Net Interest Income and net interest yield on earning assets of this retroactive tax adjustment is a reduction of $270 million and 9 bps, respectively, for the three months ended June 30, 2006. Management has excluded this one-time impact to provide a more comparative basis of presentation for Net Interest Income and net interest yield on earning assets on a FTE basis. The impact on any given future period is not expected to be material.

Bank of America Corporation

Quarterly Average Balances and Interest Rates -Fully Taxable-equivalent Basis -Isolating Derivative Hedge Income/Expense ⁽¹⁾


(Dollars in millions)
	Third Quarter 2006							Second Quarter 2006							Third Quarter 2005
	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⁽²⁾	$	15,629	$	201		5.11	%	$	16,691	$	181		4.36	%	$	14,498	$	126		3.46	%
Federal funds sold and securities purchased under agreements to resell⁽²⁾		173,381		2,239		5.15			179,104		2,014		4.50			176,650		1,457		3.29
Trading account assets		146,817		1,928		5.24			133,556		1,712		5.13			142,287		1,578		4.42
Securities ⁽²⁾		236,033		3,137		5.31			236,967		3,164		5.34			225,952		2,823		4.99
Loans and leases ⁽³⁾:
Residential mortgage⁽²⁾		222,889		3,151		5.65			197,228		2,731		5.54			171,012		2,300		5.37
Credit card - domestic		62,508		2,189		13.90			64,980		2,168		13.38			55,271		1,651		11.85
Credit card - foreign		9,455		286		12.02			8,305		269		12.97			—		—		—
Home equity lines		70,075		1,351		7.65			67,182		1,231		7.35			58,046		910		6.22
Direct/Indirect consumer		61,361		1,193		7.74			56,715		1,057		7.46			47,900		702		5.81
Other consumer ⁽⁴⁾		11,075		298		10.66			10,804		294		10.95			6,715		170		10.05

Total consumer		437,363		8,468		7.71			405,214		7,750		7.66			338,944		5,733		6.73

Commercial - domestic⁽²⁾		153,007		2,827		7.33			148,445		2,619		7.08			127,044		1,898		5.93
Commercial real estate		37,471		724		7.67			36,749		680		7.41			34,663		542		6.20
Commercial lease financing		20,875		232		4.46			20,896		262		5.01			20,402		239		4.69
Commercial - foreign ⁽²⁾		24,761		447		7.17			24,345		455		7.50			18,444		349		7.50

Total commercial		236,114		4,230		7.11			230,435		4,016		6.99			200,553		3,028		5.99

Total loans and leases		673,477		12,698		7.50			635,649		11,766		7.42			539,497		8,761		6.45

Other earning assets⁽²⁾		57,029		905		6.31			51,928		810		6.25			38,745		572		5.87

Total earning assets - excluding hedge impact		1,302,366		21,108		6.45			1,253,895		19,647		6.28			1,137,629		15,317		5.36

Net derivative income (expense) on assets				(128	)						(54	)						86

Total earning assets - including hedge impact		1,302,366		20,980		6.41			1,253,895		19,593		6.26			1,137,629		15,403		5.39

Cash and cash equivalents		33,495							35,070							32,969
Other assets, less allowance for loan and lease losses		162,126							167,039							124,156

Total assets	$	1,497,987						$	1,456,004						$	1,294,754

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	34,268	$	69		0.81	%	$	35,681	$	76		0.84	%	$	35,853	$	56		0.62	%
NOW and money market deposit accounts⁽²⁾		212,690		1,048		1.95			221,198		995		1.80			224,341		742		1.31
Consumer CDs and IRAs⁽²⁾		147,607		1,435		3.86			141,408		1,230		3.49			130,975		889		2.69
Negotiable CDs, public funds and other time deposits⁽²⁾		14,105		148		4.14			13,005		121		3.74			4,414		34		3.02

Total domestic interest-bearing deposits		408,670		2,700		2.62			411,292		2,422		2.36			395,583		1,721		1.73

Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾		38,588		577		5.93			32,456		476		5.88			19,707		259		5.21
Governments and official institutions		12,801		156		4.83			13,428		155		4.63			7,317		62		3.37
Time, savings and other		40,444		328		3.22			37,178		276		2.98			32,024		177		2.19

Total foreign interest-bearing deposits		91,833		1,061		4.58			83,062		907		4.38			59,048		498		3.35

Total interest-bearing deposits		500,503		3,761		2.98			494,354		3,329		2.70			454,631		2,219		1.94

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾		429,882		5,855		5.41			408,734		5,021		4.93			339,980		3,084		3.60
Trading account liabilities		69,462		727		4.15			61,263		596		3.90			68,132		707		4.12
Long-term debt⁽²⁾		136,769		1,791		5.24			125,620		1,634		5.20			98,326		1,186		4.83

Total interest-bearing liabilities - excluding hedge impact		1,136,616		12,134		4.24			1,089,971		10,580		3.89			961,069		7,196		2.98

Net derivative (income) expense on liabilities				(48	)						87							274

Total interest-bearing liabilities - including hedge impact		1,136,616		12,086		4.23			1,089,971		10,667		3.92			961,069		7,470		3.09

Noninterest-bearing sources:
Noninterest-bearing deposits		176,348							180,442							178,140
Other liabilities		55,761							58,218							54,299
Shareholders’ equity		129,262							127,373							101,246

Total liabilities and shareholders’ equity	$	1,497,987						$	1,456,004						$	1,294,754

Net interest spread						2.21							2.39							2.39
Impact of noninterest-bearing sources						0.54							0.51							0.46

Net interest income/yield on earning assets - excluding hedge impact			$	8,974		2.75	%			$	9,067		2.90	%			$	8,121		2.85	%

Net impact of derivative hedge income (expense)				(80	)	(0.02	)				(141	)	(0.05	)				(188	)	(0.07	)

Net interest income/yield on earning assets ⁽⁵⁾			$	8,894		2.73	%			$	8,926		2.85	%			$	7,933		2.78	%

(1)

This table presents a non-GAAP financial measure. The impact of interest rate risk management derivatives is shown separately. Interest income and interest expense amounts, and the yields and rates have been adjusted. Management believes this presentation is useful to investors because it adjusts for the impact of our hedging decisions and provides a better understanding of our hedging activities. The impact of interest rate risk management derivatives is not material to the average balances presented above.

(2)

Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(28) million, federal funds sold and securities purchased under agreements to resell $(93) million, securities $(1) million, commercial-domestic $(22) million, commercial-foreign $7 million, and other earning assets $9 million in the third quarter of 2006. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $5 million, consumer CDs and IRAs $223 million, negotiable CDs, public funds and other time deposits $2 million, banks located in foreign countries $(15) million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(388) million, and long-term debt $125 million in the third quarter of 2006. Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(13) million, federal funds sold and securities purchased under agreements to resell $(114) million, securities $(2) million, commercial-domestic $76 million, commercial-foreign $1 million, and other earning assets $(2) million in the second quarter of 2006. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $1 million, consumer CDs and IRAs $163 million, negotiable CDs, public funds and other time deposits $2 million, banks located in foreign countries $13 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(179) million, and long-term debt $87 million in the second quarter of 2006. Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(1) million, federal funds sold and securities purchased under agreements to resell $(75) million, securities $(3) million, residential mortgage $(2) million, commercial-domestic $197 million, and other earning assets $(30) million in the third quarter of 2005. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $1 million, consumer CDs and IRAs $205 million, negotiable CDs, public funds and other time deposits $13 million, banks located in foreign countries $33 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $106 million, and long-term debt $(84) million in the third quarter of 2005.

(3)

Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cash basis.

(4)

Includes consumer finance of $2.9 billion and $3.0 billion in the third and second quarters of 2006, and $3.1 billion in the third quarter of 2005, and foreign consumer of $8.1 billion and $7.8 billion in the third and second quarters of 2006, and $3.5 billion in the third quarter of 2005.

(5)

Interest income (FTE basis) for the three months ended June 30, 2006, does not include the cumulative tax charge resulting from a change in tax legislation relating to extraterritorial tax income and foreign sales corporation regimes. The FTE impact to Net Interest Income and net interest yield on earning assets of this retroactive tax adjustment is a reduction of $270 million and 9 bps, respectively, for the three months ended June 30, 2006. Management has excluded this one-time impact to provide a more comparative basis of presentation for Net Interest Income and net interest yield on earning assets on a FTE basis. The impact on any given future period is not expected to be material.

Bank of America Corporation

Year-to-Date Average Balances and Interest Rates - Fully Taxable-equivalent Basis


(Dollars in millions)
	Nine Months Ended September 30
	2006						2005
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments	$	15,560	$	480	4.12	%	$	14,175	$	339	3.20	%
Federal funds sold and securities purchased under agreements to resell		175,727		5,755	4.37			170,219		3,535	2.77
Trading account assets		137,961		5,263	5.09			131,500		4,235	4.30
Securities		235,874		9,341	5.28			219,314		8,205	4.99
Loans and leases ⁽¹⁾:
Residential mortgage		201,777		8,406	5.56			172,090		6,997	5.43
Credit card - domestic		65,198		6,537	13.40			53,033		4,505	11.36
Credit card - foreign		8,725		842	12.91			—		—	—
Home equity lines		67,173		3,694	7.35			54,845		2,401	5.85
Direct/Indirect consumer		57,724		3,236	7.49			44,240		1,886	5.70
Other consumer ⁽²⁾		10,748		864	10.73			6,995		485	9.24

Total consumer		411,345		23,579	7.66			331,203		16,274	6.56

Commercial - domestic		148,746		7,990	7.18			124,937		5,987	6.41
Commercial real estate		36,968		2,036	7.36			33,727		1,449	5.75
Commercial lease financing		20,762		741	4.76			20,529		751	4.88
Commercial - foreign		24,088		1,337	7.42			17,935		913	6.81

Total commercial		230,564		12,104	7.02			197,128		9,100	6.17

Total loans and leases		641,909		35,683	7.43			528,331		25,374	6.42

Other earning assets		51,896		2,440	6.28			37,146		1,509	5.43

Total earning assets ⁽³⁾		1,258,927		58,962	6.25			1,100,685		43,197	5.24

Cash and cash equivalents		34,469						33,033
Other assets, less allowance for loan and lease losses		163,691						124,323

Total assets	$	1,457,087					$	1,258,041

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	35,162	$	221	0.84	%	$	36,961	$	143	0.52	%
NOW and money market deposit accounts		220,443		2,957	1.79			228,936		2,118	1.24
Consumer CDs and IRAs		141,407		4,228	4.00			125,755		3,063	3.26
Negotiable CDs, public funds and other time deposits		11,907		343	3.84			7,463		223	4.00

Total domestic interest-bearing deposits		408,919		7,749	2.53			399,115		5,547	1.86

Foreign interest-bearing deposits:
Banks located in foreign countries		33,751		1,475	5.84			22,437		846	5.04
Governments and official institutions		12,152		418	4.60			7,363		164	2.99
Time, savings and other		37,606		849	3.02			31,261		459	1.96

Total foreign interest-bearing deposits		83,509		2,742	4.39			61,061		1,469	3.22

Total interest-bearing deposits		492,428		10,491	2.85			460,176		7,016	2.04

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		412,948		14,618	4.73			313,692		7,760	3.31
Trading account liabilities		61,126		1,840	4.03			57,962		1,745	4.03
Long-term debt		126,541		5,153	5.43			97,072		3,209	4.41

Total interest-bearing liabilities ⁽³⁾		1,093,043		32,102	3.92			928,902		19,730	2.84

Noninterest-bearing sources:
Noninterest-bearing deposits		178,124						173,438
Other liabilities		56,664						55,869
Shareholders’ equity		129,256						99,832

Total liabilities and shareholders’ equity	$	1,457,087					$	1,258,041

Net interest spread					2.33						2.40
Impact of noninterest-bearing sources					0.52						0.45

Net interest income/yield on earning assets ⁽⁴⁾			$	26,860	2.85	%			$	23,467	2.85	%

(1)

Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cash basis.

(2)

Includes consumer finance of $3.0 billion and $3.2 billion and foreign consumer of $7.8 billion and $3.5 billion for the nine months ended September 30, 2006 and 2005.

(3)

Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on the underlying assets $(174) million and $675 million in the nine months ended September 30, 2006 and 2005. Interest expense includes the impact of interest rate risk management contracts, which increased interest expense on the underlying liabilities $175 million and $1.1 billion in the nine months ended September 30, 2006 and 2005.

(4)

Interest income (FTE basis) for the nine months ended September 30, 2006 does not include the cumulative tax charge resulting from a change in tax legislation relating to extraterritorial tax income and foreign sales corporation regimes. The FTE impact to Net Interest Income and net interest yield on earning assets of this retroactive tax adjustment is a reduction of $270 million and 3 bps, respectively, for the nine months ended September 30, 2006. Management has excluded this one-time impact to provide a more comparative basis of presentation for Net Interest Income and net interest yield on earning assets on a FTE basis. The impact on any given future period is not expected to be material.

Bank of America Corporation

Year-to-Date Average Balances and Interest Rates - Fully Taxable-equivalent Basis - Isolating Derivative Hedge Income/Expense ⁽¹⁾


(Dollars in millions)
	Nine Months Ended September 30
	2006							2005
	Average Balance		Interest Income/ Expense			Yield/ Rate		Average Balance		Interest Income/ Expense			Yield/ Rate
Earning assets
Time deposits placed and other short-term investments⁽²⁾	$	15,560	$	524		4.51	%	$	14,175	$	341		3.23	%
Federal funds sold and securities purchased under agreements to resell ⁽²⁾		175,727		6,053		4.60			170,219		3,576		2.81
Trading account assets		137,961		5,263		5.09			131,500		4,235		4.30
Securities ⁽²⁾		235,874		9,344		5.28			219,314		8,215		4.99
Loans and leases ⁽³⁾:
Residential mortgage⁽²⁾		201,777		8,406		5.56			172,090		6,977		5.41
Credit card - domestic		65,198		6,537		13.40			53,033		4,505		11.36
Credit card - foreign		8,725		842		12.91			—		—		—
Home equity lines		67,173		3,694		7.35			54,845		2,401		5.85
Direct/Indirect consumer		57,724		3,236		7.49			44,240		1,886		5.70
Other consumer ⁽⁴⁾		10,748		864		10.73			6,995		485		9.24

Total consumer		411,345		23,579		7.66			331,203		16,254		6.56

Commercial - domestic⁽²⁾		148,746		7,825		7.03			124,937		5,157		5.52
Commercial real estate		36,968		2,036		7.36			33,727		1,449		5.75
Commercial lease financing		20,762		741		4.76			20,529		751		4.88
Commercial - foreign ⁽²⁾		24,088		1,328		7.37			17,935		911		6.79

Total commercial		230,564		11,930		6.92			197,128		8,268		5.61

Total loans and leases		641,909		35,509		7.39			528,331		24,522		6.20

Other earning assets⁽²⁾		51,896		2,443		6.29			37,146		1,633		5.87

Total earning assets - excluding hedge impact		1,258,927		59,136		6.27			1,100,685		42,522		5.16

Net derivative income (expense) on assets				(174	)						675

Total earning assets - including hedge impact		1,258,927		58,962		6.25			1,100,685		43,197		5.24

Cash and cash equivalents		34,469							33,033
Other assets, less allowance for loan and lease losses		163,691							124,323

Total assets	$	1,457,087						$	1,258,041

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	35,162	$	221		0.84	%	$	36,961	$	143		0.52	%
NOW and money market deposit accounts⁽²⁾		220,443		2,949		1.79			228,936		2,099		1.23
Consumer CDs and IRAs⁽²⁾		141,407		3,687		3.49			125,755		2,324		2.47
Negotiable CDs, public funds and other time deposits⁽²⁾		11,907		337		3.78			7,463		162		2.90

Total domestic interest-bearing deposits		408,919		7,194		2.35			399,115		4,728		1.58

Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾		33,751		1,456		5.77			22,437		729		4.34
Governments and official institutions		12,152		418		4.60			7,363		164		2.99
Time, savings and other		37,606		849		3.02			31,261		459		1.96

Total foreign interest-bearing deposits		83,509		2,723		4.36			61,061		1,352		2.96

Total interest-bearing deposits		492,428		9,917		2.69			460,176		6,080		1.77

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾		412,948		15,251		4.94			313,692		7,400		3.15
Trading account liabilities		61,126		1,840		4.03			57,962		1,745		4.03
Long-term debt⁽²⁾		126,541		4,919		5.18			97,072		3,424		4.70

Total interest-bearing liabilities - excluding hedge impact		1,093,043		31,927		3.90			928,902		18,649		2.68

Net derivative expense on liabilities				175							1,081

Total interest-bearing liabilities - including hedge impact		1,093,043		32,102		3.92			928,902		19,730		2.84

Noninterest-bearing sources:
Noninterest-bearing deposits		178,124							173,438
Other liabilities		56,664							55,869
Shareholders’ equity		129,256							99,832

Total liabilities and shareholders’ equity	$	1,457,087						$	1,258,041

Net interest spread						2.37							2.48
Impact of noninterest-bearing sources						0.52							0.41

Net interest income/yield on earning assets - excluding hedge impact			$	27,209		2.89	%			$	23,873		2.89	%

Net impact of derivative hedge income (expense)				(349	)	(0.04	)				(406	)	(0.04	)

Net interest income/yield on earning assets ⁽⁵⁾			$	26,860		2.85	%			$	23,467		2.85	%

(1)

(2)

Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(44) million, federal funds sold and securities purchased under agreements to resell $(298) million, securities $(3) million, commercial-domestic $165 million, commercial-foreign $9 million, and other earning assets $(3) million for the nine months ended September 30, 2006. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $8 million, consumer CDs and IRAs $541 million, negotiable CDs, public funds and other time deposits $6 million, banks located in foreign countries $19 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(633) million, and long-term debt $234 million for the nine months ended September 30, 2006. Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(2) million, federal funds sold and securities purchased under agreements to resell $(41) million, securities $(10) million, residential mortgages $20 million, commercial-domestic $830 million, commercial-foreign $2 million, and other earning assets $(124) million for the nine months ended September 30, 2005. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $19 million, consumer CDs and IRAs $739 million, negotiable CDs, public funds and other time deposits $61 million, banks located in foreign countries $117 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $360 million, and long-term debt $(215) million for the nine months ended September 30, 2005.

(3)

Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cash basis.

(4)

Includes consumer finance of $3.0 billion and $3.2 billions and foreign consumer of $7.8 and $3.5 billion for the nine months ended September 30, 2006 and 2005.

(5)

Bank of America Corporation

Business Segment View

Net Income

Third Quarter 2006

LOGO

Revenue*

Third Quarter 2006

LOGO

*	Fully taxable-equivalent basis

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Global Consumer and Small Business Banking Segment Results ⁽¹⁾


(Dollars in millions; except as noted)
	Year-to-Date September 30						Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
	2006			2005			2006			2006			2006			2005			2005
Net interest income ⁽²⁾	$	15,788		$	12,555		$	5,243		$	5,199		$	5,346		$	4,343		$	4,238
Noninterest income
Service charges		3,949			3,734			1,410			1,349			1,190			1,261			1,386
Mortgage banking income		630			741			215			210			205			271			230
Card income		9,983			3,760			3,262			3,462			3,259			1,325			1,344
All other income		712			238			313			259			140			95			68

Total noninterest income		15,274			8,473			5,200			5,280			4,794			2,952			3,028

Total revenue ⁽²⁾		31,062			21,028			10,443			10,479			10,140			7,295			7,266

Provision for credit losses		3,420			2,973			1,144			1,029			1,247			1,299			1,107
Gains (losses) on sales of debt securities		(1	)		(2	)		—			—			(1	)		(1	)		(1	)
Noninterest expense		13,957			9,839			4,730			4,542			4,685			3,286			3,255

Income before income taxes ⁽²⁾		13,684			8,214			4,569			4,908			4,207			2,709			2,903
Income tax expense		5,040			2,956			1,680			1,801			1,559			965			1,061

Net income	$	8,644		$	5,258		$	2,889		$	3,107		$	2,648		$	1,744		$	1,842

Shareholder value added	$	4,546		$	3,297		$	1,542		$	1,753		$	1,251		$	1,004		$	1,177
Net interest yield ⁽²⁾		6.40	%		5.61	%		6.33	%		6.31	%		6.58	%		5.78	%		5.61	%
Return on average equity		18.16			24.29			18.42			19.71			16.41			21.99			25.23
Efficiency ratio ⁽²⁾		44.93			46.79			45.31			43.33			46.21			45.03			44.80

Balance Sheet
Average
Total loans and leases	$	189,378		$	142,267		$	193,845		$	187,607		$	186,604		$	149,251		$	145,726
Total earning assets ⁽³⁾		329,612			299,244			328,861			330,559			329,421			297,894			299,770
Total assets ⁽³⁾		392,256			326,490			390,895			393,179			392,715			325,511			326,869
Total deposits		331,546			305,924			330,368			333,999			330,269			306,616			310,530
Allocated equity		63,628			28,946			62,239			63,243			65,435			31,464			28,968

Period End
Total loans and leases	$	195,728		$	147,714		$	195,728		$	189,214		$	183,836		$	151,657		$	147,714
Total earning assets ⁽³⁾		331,734			299,378			331,734			328,607			338,576			302,619			299,378
Total assets ⁽³⁾		394,920			326,926			394,920			393,991			401,126			331,259			326,926
Total deposits		330,789			313,059			330,789			336,841			340,463			306,101			313,059

Period End (in billions)
Mortgage servicing portfolio	$	323.3		$	288.5		$	323.3		$	313.0		$	302.4		$	296.8		$	288.5

(1)

Global Consumer and Small Business Banking has four primary businesses: Deposits, Card Services, Mortgage, and Home Equity. In addition, ALM/Other includes the results of ALM activities and other consumer-related businesses (e.g., insurance).

(2)

Fully taxable-equivalent basis

(3)

Total earning assets and Total Assets include asset allocations to match liabilities (i.e., deposits).

Certain

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

Bank of America Corporation

Global Consumer and Small Business Banking Business Results - GAAP (Purchase View)


(Dollars in millions)
	Three Months Ended September 30, 2006
	Total			Deposits ⁽¹⁾			Card Services ⁽²⁾			Mortgage			Home Equity			ALM/ Other
Net interest income ⁽³⁾	$	5,243		$	2,463		$	2,224		$	150		$	351		$	55
Noninterest income
Service charges		1,410			1,410			—			—			—			—
Mortgage banking income		215			—			—			192			23			—
Card income		3,262			501			2,761			—			—			—
All other income		313			—			345			12			—			(44	)

Total noninterest income		5,200			1,911			3,106			204			23			(44	)

Total revenue ⁽³⁾		10,443			4,374			5,330			354			374			11

Provision for credit losses		1,144			51			1,032			6			11			44
Gains (losses) on sales of debt securities		—			—			—			—			—			—
Noninterest expense		4,730			2,267			1,956			253			169			85

Income before income taxes ⁽³⁾		4,569			2,056			2,342			95			194			(118	)
Income tax expense		1,680			756			862			35			71			(44	)

Net income	$	2,889		$	1,300		$	1,480		$	60		$	123		$	(74	)


Shareholder value added	$	1,542		$	966		$	540		$	6		$	80		$	(50	)
Net interest yield ⁽³⁾		6.33	%		2.93	%		8.92	%		1.79	%		2.40	%		n/m
Return on average equity		18.42			33.96			13.20			12.21			31.44			n/m
Efficiency ratio ⁽³⁾		45.31			51.85			36.68			71.72			45.16			n/m
Period end - total assets ⁽⁴⁾	$	394,920		$	345,940		$	138,161		$	38,206		$	59,700			n/m


	Three Months Ended September 30, 2005
	Total			Deposits ⁽¹⁾			Card Services ⁽²⁾			Mortgage			Home Equity			ALM/ Other
Net interest income ⁽³⁾	$	4,238		$	2,182		$	1,306		$	194		$	333		$	223
Noninterest income
Service charges		1,386			1,386			—			—			—			—
Mortgage banking income		230			—			—			209			21			—
Card income		1,344			404			940			—			—			—
All other income		68			—			3			4			—			61

Total noninterest income		3,028			1,790			943			213			21			61

Total revenue ⁽³⁾		7,266			3,972			2,249			407			354			284

Provision for credit losses		1,107			38			1,010			8			9			42
Gains (losses) on sales of debt securities		(1	)		—			—			—			—			(1	)
Noninterest expense		3,255			2,026			732			252			159			86

Income before income taxes ⁽³⁾		2,903			1,908			507			147			186			155
Income tax expense		1,061			698			185			54			69			55

Net income	$	1,842		$	1,210		$	322		$	93		$	117		$	100

Shareholder value added	$	1,177		$	879		$	58		$	45		$	86		$	109
Net interest yield ⁽³⁾		5.61	%		2.77	%		9.00	%		2.00	%		2.71	%		n/m
Return on average equity		25.23			32.10			11.14			21.04			40.55			n/m
Efficiency ratio ⁽³⁾		44.80			51.03			32.53			61.94			44.77			n/m
Period end - total assets ⁽⁴⁾	$	326,926		$	327,975		$	63,055		$	44,606		$	49,653			n/m

(1)

Reflects Premier Banking and Investments cumulative migration which decreased average deposits $49.2 billion and $41.5 billion for the three months ended September 30, 2006 and 2005.

(2)

Card Services presented on a held view

(3)

Fully taxable-equivalent basis

(4)

Total Assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

Bank of America Corporation

Global Consumer and Small Business Banking Business Results - GAAP (Purchase View)


(Dollars in millions)
	Nine Months Ended September 30, 2006
	Total			Deposits ⁽¹⁾			Card Services ⁽²⁾			Mortgage			Home Equity			ALM/ Other
Net interest income ⁽³⁾	$	15,788		$	7,279		$	6,535		$	445		$	1,029		$	500
Noninterest income
Service charges		3,949			3,949			—			—			—			—
Mortgage banking income		630			—			—			567			63			—
Card income		9,983			1,406			8,577			—			—			—
All other income		712			—			917			33			—			(238	)

Total noninterest income		15,274			5,355			9,494			600			63			(238	)

Total revenue ⁽³⁾		31,062			12,634			16,029			1,045			1,092			262

Provision for credit losses		3,420			109			3,142			15			31			123
Gains (losses) on sales of debt securities		(1	)		—			—			—			—			(1	)
Noninterest expense		13,957			6,693			5,816			724			480			244

Income before income taxes ⁽³⁾		13,684			5,832			7,071			306			581			(106	)
Income tax expense		5,040			2,148			2,604			113			214			(39	)

Net income	$	8,644		$	3,684		$	4,467		$	193		$	367		$	(67	)

Shareholder value added	$	4,546		$	2,701		$	1,656		$	38		$	253		$	(102	)
Net interest yield ⁽³⁾		6.40	%		2.91	%		8.95	%		1.77	%		2.48	%		n/m
Return on average equity		18.16			32.57			13.33			13.64			35.50			n/m
Efficiency ratio ⁽³⁾		44.93			52.98			36.28			69.36			43.98			n/m
Period end - total assets ⁽⁴⁾	$	394,920		$	345,940		$	138,161		$	38,206		$	59,700			n/m

	Nine Months Ended September 30, 2005
	Total			Deposits ⁽¹⁾			Card Services ⁽²⁾			Mortgage			Home Equity			ALM/ Other
Net interest income ⁽³⁾	$	12,555		$	6,202		$	3,671		$	574		$	958		$	1,150
Noninterest income
Service charges		3,734			3,734			—			—			—			—
Mortgage banking income		741			—			—			681			60			—
Card income		3,760			1,140			2,620			—			—			—
All other income		238			—			50			13			—			175

Total noninterest income		8,473			4,874			2,670			694			60			175

Total revenue ⁽³⁾		21,028			11,076			6,341			1,268			1,018			1,325

Provision for credit losses		2,973			50			2,808			15			27			73
Gains (losses) on sales of debt securities		(2	)		—			—			—			—			(2	)
Noninterest expense		9,839			6,026			2,257			785			502			269

Income before income taxes ⁽³⁾		8,214			5,000			1,276			468			489			981
Income tax expense		2,956			1,803			458			169			177			349

Net income	$	5,258		$	3,197		$	818		$	299		$	312		$	632

Shareholder value added	$	3,297		$	2,217		$	71		$	163		$	222		$	624
Net interest yield ⁽³⁾		5.61	%		2.69	%		8.91	%		2.05	%		2.74	%		n/m
Return on average equity		24.29			28.51			9.88			23.84			37.82			n/m
Efficiency ratio ⁽³⁾		46.79			54.41			35.59			61.92			49.26			n/m
Period end - total assets ⁽⁴⁾	$	326,926		$	327,975		$	63,055		$	44,606		$	49,653			n/m

(1)

Reflects Premier Banking and Investments cumulative migration which decreased average deposits $47.8 billion and $37.7 billion for the nine months ended September 30, 2006 and 2005.

(2)

Card Services presented on a held view

(3)

Fully taxable-equivalent basis

(4)

Total Assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

Bank of America Corporation

Global Consumer and Small Business Banking Business Results - Pro Forma View ⁽¹⁾


(Dollars in millions)
	Three Months Ended September 30, 2005
	Total			Deposits ⁽²⁾			Card Services ⁽³⁾			Mortgage			Home Equity			ALM/ Other
Net interest income ⁽⁴⁾	$	5,097		$	2,213		$	2,118		$	194		$	333		$	239
Noninterest income
Service charges		1,386			1,386			—			—			—			—
Mortgage banking income		241			—			—			220			21			—
Card income		3,207			404			2,803			—			—			—
All other income		137			—			71			4			—			62

Total noninterest income		4,971			1,790			2,874			224			21			62

Total revenue ⁽⁴⁾		10,068			4,003			4,992			418			354			301

Provision for credit losses		1,369			38			1,272			8			9			42
Gains (losses) on sales of debt securities		(1	)		—			—			—			—			(1	)
Noninterest expense		4,661			2,026			2,138			252			159			86

Income before income taxes⁽⁴⁾		4,037			1,939			1,582			158			186			172
Income tax expense		1,477			710			578			58			69			62

Net income	$	2,560		$	1,229		$	1,004		$	100		$	117		$	110

Shareholder value added	$	1,315		$	908		$	151		$	52		$	86		$	118
Net interest yield ⁽⁴⁾		6.14	%		2.58	%		8.72	%		2.00	%		2.71	%		n/m
Return on average equity		17.24			32.62			9.61			22.59			40.55			n/m
Efficiency ratio ⁽⁴⁾		46.31			50.63			42.84			60.33			44.77			n/m
Period end - total assets ⁽⁵⁾	$	399,479		$	354,600		$	144,641		$	44,914		$	49,653			n/m

	Nine Months Ended September 30, 2005
	Nine Months Ended September 30, 2005
	Total			Deposits ⁽²⁾			Card Services ⁽³⁾			Mortgage			Home Equity			ALM/ Other
Net interest income ⁽⁴⁾	$	14,986		$	6,310		$	5,870		$	574		$	958		$	1,274
Noninterest income
Service charges		3,734			3,734			—			—			—			—
Mortgage banking income		773			—			—			713			60			—
Card income		9,161			1,140			8,021			—			—			—
All other income		352			—			164			13			—			175

Total noninterest income		14,020			4,874			8,185			726			60			175

Total revenue ⁽⁴⁾		29,006			11,184			14,055			1,300			1,018			1,449

Provision for credit losses		3,673			50			3,508			15			27			73
Gains (losses) on sales of debt securities		(2	)		—			—			—			—			(2	)
Noninterest expense		14,076			6,026			6,494			785			502			269

Income before income taxes⁽⁴⁾		11,255			5,108			4,053			500			489			1,105
Income tax expense		4,052			1,842			1,459			180			177			394

Net income	$	7,203		$	3,266		$	2,594		$	320		$	312		$	711

Shareholder value added	$	3,533		$	2,314		$	111		$	184		$	222		$	702
Net interest yield ⁽⁴⁾		6.11	%		2.51	%		8.57	%		2.05	%		2.74	%		n/m
Return on average equity		16.38			29.12			8.47			25.45			37.82			n/m
Efficiency ratio ⁽⁴⁾		48.53			53.89			46.21			60.41			49.26			n/m
Period end - total assets ⁽⁵⁾	$	399,479		$	354,600		$	144,641		$	44,914		$	49,653			n/m

(1)

Pro Forma View includes the results of MBNA for periods prior to the merger on January 1, 2006. This information is being provided for reference purposes and was previously included in the Corporation’s Form 8-K filed April 10, 2006 containing Unaudited Pro Forma Condensed Combined Financial Information. Certain amounts have been reclassified to conform to current presentation. Reference should be made to the Form 8-K filed April 10, 2006 and to the Form 8-K filed May 25, 2006, which included the Consolidated Financial Statements of the Corporation.

(2)

Reflects Premier Banking and Investments cumulative migration which decreased average deposits $41.5 billion and $37.7 billion for the three and nine months ended September 30, 2005.

(3)

Card Services presented on a held view

(4)

Fully taxable-equivalent basis

(5)

Total Assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Global Consumer and Small Business Banking Business Results: Customer Relationship View


(Dollars in millions) GAAP (Purchase View)⁽¹⁾
	Three Months Ended September 30, 2006								Three Months Ended September 30, 2005
	Total			Consumer			Mass Market and Small Business Banking		Total			Consumer			Mass Market and Small Business Banking
Net interest income ⁽²⁾	$	5,243		$	4,425		$	818	$	4,238		$	3,617		$	621
Noninterest income		5,200			4,661			539		3,028			2,613			415

Total revenue ⁽²⁾		10,443			9,086			1,357		7,266			6,230			1,036

Provision for credit losses		1,144			934			210		1,107			1,023			84
Gains (losses) on sales of debt securities		—			—			—		(1	)		(1	)		—
Noninterest expense		4,730			4,287			443		3,255			2,845			410

Income before income taxes⁽²⁾		4,569			3,865			704		2,903			2,361			542
Income tax expense		1,680			1,419			261		1,061			867			194

Net income	$	2,889		$	2,446		$	443	$	1,842		$	1,494		$	348


	Nine Months Ended September 30, 2006								Nine Months Ended September 30, 2005
	Total			Consumer			Mass Market and Small Business Banking		Total			Consumer			Mass Market and Small Business Banking
Net interest income ⁽²⁾	$	15,788		$	13,452		$	2,336	$	12,555		$	10,796		$	1,759
Noninterest income		15,274			13,718			1,556		8,473			7,302			1,171

Total revenue ⁽²⁾		31,062			27,170			3,892		21,028			18,098			2,930

Provision for credit losses		3,420			2,894			526		2,973			2,781			192
Gains (losses) on sales of debt securities		(1	)		(1	)		—		(2	)		(2	)		—
Noninterest expense		13,957			12,660			1,297		9,839			8,691			1,148

Income before income taxes⁽²⁾		13,684			11,615			2,069		8,214			6,624			1,590
Income tax expense		5,040			4,274			766		2,956			2,386			570

Net income	$	8,644		$	7,341		$	1,303	$	5,258		$	4,238		$	1,020


Pro Forma View ⁽³⁾
	Three Months Ended September 30, 2005								Nine Months Ended September 30, 2005
	Total			Consumer			Mass Market and Small Business Banking		Total			Consumer			Mass Market and Small Business Banking
Net interest income ⁽²⁾	$	5,097		$	4,410		$	687	$	14,986		$	13,044		$	1,942
Noninterest income		4,971			4,493			478		14,020			12,670			1,350

Total revenue ⁽²⁾		10,068			8,903			1,165		29,006			25,714			3,292

Provision for credit losses		1,369			1,251			118		3,673			3,385			288
Gains (losses) on sales of debt securities		(1	)		(1	)		—		(2	)		(2	)		—
Noninterest expense		4,661			4,201			460		14,076			12,776			1,300

Income before income taxes⁽²⁾		4,037			3,450			587		11,255			9,551			1,704
Income tax expense		1,477			1,266			211		4,052			3,442			610

Net income	$	2,560		$	2,184		$	376	$	7,203		$	6,109		$	1,094

(1)

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated.

(2)

Fully taxable-equivalent basis

(3)

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Global Consumer and Small Business Banking—Key Indicators

(Dollars in millions; except as noted)



	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Deposits Key Indicators
Average Deposit Balances
Checking	$	126,309		$	122,435		$	124,834		$	127,754		$	126,355		$	125,515		$	124,424
Savings		31,919			31,995			31,209			32,453			32,104			31,898			32,016
MMS		73,575			68,752			70,339			73,532			76,925			71,941			68,848
CD’s & IRA’s		88,835			75,240			92,644			88,932			84,842			69,382			76,790
Foreign and other		10,908			7,502			11,342			11,328			10,043			7,880			8,452

Total	$	331,546		$	305,924		$	330,368		$	333,999		$	330,269		$	306,616		$	310,530

Average cumulative balances migrated to Premier Banking and Investments	$	47,771		$	37,698		$	49,178		$	47,900		$	46,202		$	43,969		$	41,457

Deposit Spreads (excludes noninterest costs)
Checking		4.21	%		4.18	%		4.23	%		4.21	%		4.18	%		4.16	%		4.18	%
Savings		3.39			4.05			3.42			3.38			3.36			3.53			3.78
MMS		2.71			1.70			2.87			2.75			2.53			2.69			2.02
CD’s & IRA’s		1.22			0.79			1.20			1.25			1.21			1.19			0.90
Foreign and other		3.94			3.71			4.08			4.05			3.67			4.19			3.88
Total		2.97			2.75			3.00			3.00			2.92			3.06			2.82

Net new checking (units in thousands)		2,048			1,875			744			701			603			426			635
Debit purchase volumes	$	124,162		$	102,287		$	42,855		$	42,689		$	38,618		$	39,623		$	36,008

Online Banking (end of period) Active accounts (units in thousands)		20,576			14,338			20,576			19,806			19,643			14,698			14,338
Active billpay accounts (units in thousands)		10,838			6,987			10,838			10,410			10,088			7,281			6,987

Credit Key Indicators
Managed Card - US Consumer and Business Card
Gross interest yield		12.66	%		11.58	%		12.87	%		12.54	%		12.56	%		12.17	%		11.92	%
Risk adjusted margin ⁽¹⁾		9.56			8.00			8.83			9.49			10.39			4.37			8.44
Loss rates		3.61			6.00			4.18			3.56			3.08			9.35			5.70
Average outstandings (in millions)	$	145,293		$	60,703		$	146,287		$	144,198		$	145,384		$	62,337		$	61,905
New account growth (in thousands)		7,018			4,383			2,522			2,332			2,164			929			1,466
Purchase volumes (in millions)	$	171,752		$	67,916		$	59,880		$	59,088		$	52,784		$	26,051		$	24,435
Delinquencies
30 Day		5.13	%		4.55	%		5.13	%		4.71	%		4.47	%		4.13	%		4.55	%
60 Day		3.47			3.17			3.47			3.23			3.01			2.89			3.17

Mortgage
Mortgage originations (in millions)⁽²⁾	$	61,818		$	66,144		$	21,228		$	23,378		$	17,212		$	20,662		$	27,511
Mortgage servicing rights Period end balance (in millions)		2,932			2,623			2,932			3,083			2,925			2,658			2,623
Capitalized mortgage servicing rights (% of loans serviced)		127 bps			124 bps			127 bps			139 bps			132 bps			122 bps			124 bps
Mortgage loans serviced for investors (in billions)	$	230		$	212		$	230		$	221		$	221		$	218		$	212
Home equity originations (in millions)⁽²⁾		60,384			52,401			20,681			21,141			18,562			19,578			17,887

(1)

Reflects margin and noninterest revenue, adjusted for loss rates.

(2)

Includes originations across all business segments.

Certain prior period amounts have been reclassified among the 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 20.6 million subscribers.

Bank of America uses a strict Active User standard - customers must have used our online services within the last 90 days.

10.8 million active bill pay users paid $48.5 billion worth of bills this quarter. The number of customers who sign up and

use Bank of America’s Bill Pay Service continues to far surpass that of any other financial institution.

Currently, approximately 370 companies are presenting 21.3 million e-bills per quarter.

LOGO

Bank of America Corporation

Card Services Results - GAAP (Purchase View)


(Dollars in millions)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Key Measures - Card Services Data⁽¹⁾

Managed Income Statement
Held total revenue	$	16,029		$	6,341		$	5,330		$	5,466		$	5,233		$	2,245		$	2,249
Securitizations impact		2,340			372			908			778			654			63			92

Managed total revenue	$	18,369		$	6,713		$	6,238		$	6,244		$	5,887		$	2,308		$	2,341

% of average managed outstandings		13.0	%		14.8	%		12.8	%		13.3	%		12.8	%		14.7	%		15.0	%

Held provision for credit losses	$	3,142		$	2,808		$	1,032		$	956		$	1,154		$	1,191		$	1,010
Securitizations impact		2,340			372			908			778			654			63			92

Managed provision for credit losses	$	5,482		$	3,180		$	1,940		$	1,734		$	1,808		$	1,254		$	1,102

% of average managed outstandings		3.9	%		7.0	%		4.0	%		3.7	%		3.9	%		8.0	%		7.1	%

Held noninterest expense	$	5,816		$	2,257		$	1,956		$	1,844		$	2,016		$	711		$	732
Securitizations impact		—			—			—			—			—			—			—

Managed noninterest expense	$	5,816		$	2,257		$	1,956		$	1,844		$	2,016		$	711		$	732

% of average managed outstandings		4.1	%		5.0	%		4.0	%		3.9	%		4.4	%		4.5	%		4.7	%

Held income before income taxes	$	7,071		$	1,276		$	2,342		$	2,666		$	2,063		$	343		$	507
Securitizations impact		—			—			—			—			—			—			—

Managed income before income taxes	$	7,071		$	1,276		$	2,342		$	2,666		$	2,063		$	343		$	507

% of average managed outstandings		5.0	%		2.8	%		4.8	%		5.7	%		4.5	%		2.2	%		3.2	%

Shareholder Value Added - Managed	$	1,609		$	61		$	524		$	725		$	360		$	(54	)	$	54

Merchant Acquiring Business:
Processing volume	$	282,597		$	251,337		$	97,044		$	97,229		$	88,324		$	101,601		$	91,321
Total transactions (units in thousands)		6,057			5,358			2,101			2,069			1,887			2,058			1,906

(1)

Beginning with the first quarter of 2006, Card Services includes U.S. Consumer and Business Card, Consumer Finance, International Card Operations and Merchant Services. Prior to January 1, 2006, Card Services included only U.S. Consumer Credit Card.

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

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Card Services Results - GAAP (Purchase View) continued

(Dollars in millions)


	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Key Measures - Card Services Data⁽¹⁾

Loans
Period End:
On-balance sheet	$	96,173		$	58,427		$	96,173		$	93,217		$	90,533		$	61,397		$	58,427
Securitizations impact		98,683			3,622			98,683			96,848			94,359			2,239			3,622

Managed	$	194,856		$	62,049		$	194,856		$	190,065		$	184,892		$	63,636		$	62,049

Average:
On-balance sheet	$	94,332		$	54,925		$	95,948		$	93,115		$	93,910		$	59,479		$	57,414
Securitizations impact		95,050			5,788			97,371			94,952			92,776			2,865			4,491

Managed	$	189,382		$	60,713		$	193,319		$	188,067		$	186,686		$	62,344		$	61,905

Credit Quality
Charge-Offs $:
Held net charge-offs	$	2,676		$	2,353		$	1,094		$	904		$	678		$	1,406		$	798
Securitizations impact		2,340			372			908			778			654			63			92

Managed card services net losses	$	5,016		$	2,725		$	2,002		$	1,682		$	1,332		$	1,469		$	890

Charge-Offs %:
Held net charge-offs		3.79	%		5.73	%		4.52	%		3.89	%		2.93	%		9.38	%		5.51	%
Securitizations impact		(0.25	)		0.27			(0.41	)		(0.30	)		(0.04	)		(0.03	)		0.19

Managed card services net losses		3.54	%		6.00	%		4.11	%		3.59	%		2.89	%		9.35	%		5.70	%

30+ Delinquency $:
Held delinquency	$	5,123		$	2,574		$	5,123		$	4,528		$	3,834		$	2,585		$	2,574
Securitizations impact		4,429			246			4,429			4,141			4,241			42			246

Managed delinquency	$	9,552		$	2,820		$	9,552		$	8,669		$	8,075		$	2,627		$	2,820

30+ Delinquency %:
Held delinquency		5.33	%		4.41	%		5.33	%		4.86	%		4.23	%		4.21	%		4.41	%
Securitizations impact		(0.43	)		0.13			(0.43	)		(0.30	)		0.14			(0.08	)		0.13

Managed delinquency		4.90	%		4.54	%		4.90	%		4.56	%		4.37	%		4.13	%		4.54	%

90+ Delinquency $:
Held delinquency	$	2,408		$	1,208		$	2,408		$	2,208		$	1,752		$	1,232		$	1,208
Securitizations impact		1,994			121			1,994			1,980			1,926			20			121

Managed delinquency	$	4,402		$	1,329		$	4,402		$	4,188		$	3,678		$	1,252		$	1,329

90+ Delinquency %:
Held delinquency		2.50	%		2.07	%		2.50	%		2.37	%		1.94	%		2.01	%		2.07	%
Securitizations impact		(0.24	)		0.07			(0.24	)		(0.17	)		0.05			(0.04	)		0.07

Managed delinquency		2.26	%		2.14	%		2.26	%		2.20	%		1.99	%		1.97	%		2.14	%

(1)

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

Bank of America Corporation

Card Services Results - Pro Forma View


(Dollars in millions)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Key Measures - Card Services Data⁽¹⁾
Managed Income Statement
Held total revenue	$	16,029		$	14,055		$	5,330		$	5,466		$	5,233		$	4,760		$	4,992
Securitizations impact		2,340			3,447			908			778			654			1,493			1,093

Managed total revenue	$	18,369		$	17,502		$	6,238		$	6,244		$	5,887		$	6,253		$	6,085

% of average managed outstandings		13.0	%		13.2	%		12.8	%		13.3	%		12.8	%		13.4	%		13.4	%

Held provision for credit losses	$	3,142		$	3,508		$	1,032		$	956		$	1,154		$	1,402		$	1,272
Securitizations impact		2,340			3,447			908			778			654			1,493			1,093

Managed provision for credit losses	$	5,482		$	6,955		$	1,940		$	1,734		$	1,808		$	2,895		$	2,365

% of average managed outstandings		3.9	%		5.3	%		4.0	%		3.7	%		3.9	%		6.2	%		5.2	%

Held noninterest expense	$	5,816		$	6,494		$	1,956		$	1,844		$	2,016		$	2,367		$	2,138
Securitizations impact		—			—			—			—			—			—			—

Managed noninterest expense	$	5,816		$	6,494		$	1,956		$	1,844		$	2,016		$	2,367		$	2,138

% of average managed outstandings		4.1	%		4.9	%		4.0	%		3.9	%		4.4	%		5.1	%		4.7	%

Held income before income taxes	$	7,071		$	4,053		$	2,342		$	2,666		$	2,063		$	991		$	1,582
Securitizations impact		—			—			—			—			—			—			—

Managed income before income taxes	$	7,071		$	4,053		$	2,342		$	2,666		$	2,063		$	991		$	1,582

% of average managed outstandings		5.0	%		3.1	%		4.8	%		5.7	%		4.5	%		2.1	%		3.5	%

Shareholder Value Added - Managed	$	1,609		$	53		$	524		$	725		$	360		$	(235	)	$	132
Merchant Acquiring Business:
Processing volume	$	282,597		$	251,337		$	97,044		$	97,229		$	88,324		$	101,601		$	91,321
Total transactions (units in thousands)		6,057			5,358			2,101			2,069			1,887			2,058			1,906

(1)

Card Services includes U.S. Consumer and Business Card, Consumer Finance, International Card Operations and Merchant Services.

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

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Card Services Results - Pro Forma View continued


(Dollars in millions)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Key Measures - Card Services Data⁽¹⁾
Loans
Period End:
On-balance sheet	$	96,173		$	91,727		$	96,173		$	93,217		$	90,533		$	96,756		$	91,727
Securitizations impact		98,683			90,851			98,683			96,848			94,359			92,481			90,851

Managed	$	194,856		$	182,578		$	194,856		$	190,065		$	184,892		$	189,237		$	182,578

Average:
On-balance sheet	$	94,332		$	85,250		$	95,948		$	93,115		$	93,910		$	93,216		$	90,068
Securitizations impact		95,050			91,725			97,371			94,952			92,776			92,040			89,912

Managed	$	189,382		$	176,975		$	193,319		$	188,067		$	186,686		$	185,256		$	179,980

Credit Quality:
Charge-Offs $:
Held net charge-offs	$	2,676		$	3,154		$	1,094		$	904		$	678		$	1,799		$	1,066
Securitizations impact		2,340			3,447			908			778			654			1,493			1,093

Managed card services net losses	$	5,016		$	6,601		$	2,002		$	1,682		$	1,332		$	3,292		$	2,159

Charge-Offs %:
Held net charge-offs		3.79	%		4.95	%		4.52	%		3.89	%		2.93	%		7.66	%		4.70	%
Securitizations impact		(0.25	)		0.04			(0.41	)		(0.30	)		(0.04	)		(0.61	)		0.06

Managed card services net losses		3.54	%		4.99	%		4.11	%		3.59	%		2.89	%		7.05	%		4.76	%

30+ Delinquency $:
Held delinquency	$	5,123		$	3,708		$	5,123		$	4,528		$	3,834		$	3,668		$	3,708
Securitizations impact		4,429			4,489			4,429			4,141			4,241			3,825			4,489

Managed delinquency	$	9,552		$	8,197		$	9,552		$	8,669		$	8,075		$	7,493		$	8,197

30+ Delinquency %:
Held delinquency		5.33	%		4.03	%		5.33	%		4.86	%		4.23	%		3.78	%		4.03	%
Securitizations impact		(0.43	)		0.46			(0.43	)		(0.30	)		0.14			0.18			0.46

Managed delinquency		4.90	%		4.49	%		4.90	%		4.56	%		4.37	%		3.96	%		4.49	%

90+ Delinquency $:
Held delinquency	$	2,408		$	1,692		$	2,408		$	2,208		$	1,752		$	1,692		$	1,692
Securitizations impact		1,994			2,093			1,994			1,980			1,926			1,777			2,093

Managed delinquency	$	4,402		$	3,785		$	4,402		$	4,188		$	3,678		$	3,469		$	3,785

90+ Delinquency %:
Held delinquency		2.50	%		1.84	%		2.50	%		2.37	%		1.94	%		1.74	%		1.84	%
Securitizations impact		(0.24	)		0.23			(0.24	)		(0.17	)		0.05			0.09			0.23

Managed delinquency		2.26	%		2.07	%		2.26	%		2.20	%		1.99	%		1.83	%		2.07	%

(1)

Card Services includes U.S. Consumer and Business Card, Consumer Finance, International Card Operations and Merchant Services.

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

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Credit Card Only - GAAP (Purchase View)⁽¹⁾


(Dollars in millions)
	Year-to-Date September 30						Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
	2006			2005			2006			2006			2006			2005			2005
Key Measures - Credit Card Data
Loans
Period End:
On-balance sheet	$	70,067		$	56,079		$	70,067		$	71,566		$	72,279		$	58,548		$	56,079
Securitizations impact		94,389			3,622			94,389			90,564			87,154			2,237			3,622

Managed	$	164,456		$	59,701		$	164,456		$	162,130		$	159,433		$	60,785		$	59,701

Average:
On-balance sheet	$	73,923		$	53,033		$	71,963		$	73,285		$	76,572		$	56,858		$	55,271
Securitizations impact		88,615			5,788			92,175			88,032			85,566			2,865			4,491

Managed	$	162,538		$	58,821		$	164,138		$	161,317		$	162,138		$	59,723		$	59,762

Credit Quality
Charge-Offs $:
Held net charge-offs	$	2,356		$	2,286		$	923		$	780		$	653		$	1,366		$	772
Securitizations impact		2,112			372			825			694			593			63			92

Managed credit card net losses	$	4,468		$	2,658		$	1,748		$	1,474		$	1,246		$	1,429		$	864

Charge-Offs %:
Held net charge-offs		4.26	%		5.76	%		5.09	%		4.27	%		3.46	%		9.53	%		5.55	%
Securitizations impact		(0.58	)		0.28			(0.86	)		(0.60	)		(0.34	)		(0.04	)		0.19

Managed credit card net losses		3.68	%		6.04	%		4.23	%		3.67	%		3.12	%		9.49	%		5.74	%

30+ Delinquency $:
Held delinquency	$	4,234		$	2,497		$	4,234		$	3,874		$	3,306		$	2,496		$	2,497
Securitizations impact		4,152			246			4,152			3,831			3,924			42			246

Managed delinquency	$	8,386		$	2,743		$	8,386		$	7,705		$	7,230		$	2,538		$	2,743

30+ Delinquency %:
Held delinquency		6.04	%		4.45	%		6.04	%		5.41	%		4.57	%		4.26	%		4.45	%
Securitizations impact		(0.94	)		0.14			(0.94	)		(0.66	)		(0.03	)		(0.08	)		0.14

Managed delinquency		5.10	%		4.59	%		5.10	%		4.75	%		4.54	%		4.18	%		4.59	%

90+ Delinquency $:
Held delinquency	$	2,036		$	1,175		$	2,036		$	1,919		$	1,540		$	1,197		$	1,175
Securitizations impact		1,860			121			1,860			1,826			1,767			20			121

Managed delinquency	$	3,896		$	1,296		$	3,896		$	3,745		$	3,307		$	1,217		$	1,296

90+ Delinquency %:
Held delinquency		2.91	%		2.09	%		2.91	%		2.68	%		2.13	%		2.05	%		2.09	%
Securitizations impact		(0.54	)		0.08			(0.54	)		(0.37	)		(0.06	)		(0.05	)		0.08

Managed delinquency		2.37	%		2.17	%		2.37	%		2.31	%		2.07	%		2.00	%		2.17	%

(1)

Credit Card includes U.S. Consumer Card and foreign credit card. Does not include Business Credit Card.

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

Bank of America Corporation

Credit Card Only - Pro Forma View⁽¹⁾


(Dollars in millions)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Key Measures - Credit Card Data	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Loans
Period End:
On-balance sheet	$	70,067		$	76,059		$	70,067		$	71,566		$	72,279		$	79,944		$	76,059
Securitizations impact		94,389			83,634			94,389			90,564			87,154			85,272			83,634

Managed	$	164,456		$	159,693		$	164,456		$	162,130		$	159,433		$	165,216		$	159,693

Average:
On-balance sheet	$	73,923		$	70,866		$	71,963		$	73,285		$	76,572		$	76,827		$	74,834
Securitizations impact		88,615			84,935			92,175			88,032			85,566			84,819			82,987

Managed	$	162,538		$	155,801		$	164,138		$	161,317		$	162,138		$	161,646		$	157,821

Credit Quality:
Charge-Offs $:
Held net charge-offs	$	2,356		$	2,754		$	923		$	780		$	653		$	1,569		$	928
Securitizations impact		2,112			3,097			825			694			593			1,312			979

Managed credit card net losses	$	4,468		$	5,851		$	1,748		$	1,474		$	1,246		$	2,881		$	1,907

Charge-Offs %:
Held net charge-offs		4.26	%		5.20	%		5.09	%		4.27	%		3.46	%		8.10	%		4.91	%
Securitizations impact		(0.58	)		(0.18	)		(0.86	)		(0.60	)		(0.34	)		(1.03	)		(0.12	)

Managed credit card net losses		3.68	%		5.02	%		4.23	%		3.67	%		3.12	%		7.07	%		4.79	%

30+ Delinquency $:
Held delinquency	$	4,234		$	3,225		$	4,234		$	3,874		$	3,306		$	3,204		$	3,225
Securitizations impact		4,152			4,135			4,152			3,831			3,924			3,543			4,135

Managed delinquency	$	8,386		$	7,360		$	8,386		$	7,705		$	7,230		$	6,747		$	7,360

30+ Delinquency %:
Held delinquency		6.04	%		4.24	%		6.04	%		5.41	%		4.57	%		4.01	%		4.24	%
Securitizations impact		(0.94	)		0.37			(0.94	)		(0.66	)		(0.03	)		0.07			0.37

Managed delinquency		5.10	%		4.61	%		5.10	%		4.75	%		4.54	%		4.08	%		4.61	%

90+ Delinquency $:
Held delinquency	$	2,036		$	1,496		$	2,036		$	1,919		$	1,540		$	1,508		$	1,496
Securitizations impact		1,860			1,921			1,860			1,826			1,767			1,642			1,921

Managed delinquency	$	3,896		$	3,417		$	3,896		$	3,745		$	3,307		$	3,150		$	3,417

90+ Delinquency %:
Held delinquency		2.91	%		1.97	%		2.91	%		2.68	%		2.13	%		1.89	%		1.97	%
Securitizations impact		(0.54	)		0.17			(0.54	)		(0.37	)		(0.06	)		0.02			0.17

Managed delinquency		2.37	%		2.14	%		2.37	%		2.31	%		2.07	%		1.91	%		2.14	%

(1)

Credit Card includes U.S. Consumer Card and foreign credit card. Does not include Business Credit Card.

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

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Card Services Results - Reconciliation - GAAP (Purchase View) to Pro Forma


(Dollars in millions)
	Fourth Quarter 2005						Third Quarter 2005
Card Services Data⁽¹⁾	Bank of America		Adjustments to include MBNA ⁽²⁾		Combined		Bank of America		Adjustments to include MBNA ⁽²⁾		Combined
Income Statement Data
Held total revenue	$	2,245	$	2,515	$	4,760	$	2,249	$	2,743	$	4,992
Securitizations impact		63		1,430		1,493		92		1,001		1,093

Managed total revenue	$	2,308	$	3,945	$	6,253	$	2,341	$	3,744	$	6,085

Held provision for credit losses	$	1,191	$	211	$	1,402	$	1,010	$	262	$	1,272
Securitizations impact		63		1,430		1,493		92		1,001		1,093

Managed provision for credit losses	$	1,254	$	1,641	$	2,895	$	1,102	$	1,263	$	2,365

Held noninterest expense	$	711	$	1,656	$	2,367	$	732	$	1,406	$	2,138
Securitizations impact		—		—		—		—		—		—

Managed noninterest expense	$	711	$	1,656	$	2,367	$	732	$	1,406	$	2,138

Held income before income taxes	$	343	$	648	$	991	$	507	$	1,075	$	1,582
Securitizations impact		—		—		—		—		—		—

Managed income before income taxes	$	343	$	648	$	991	$	507	$	1,075	$	1,582


	Year-to-Date September 30, 2005
	Bank of America		Adjustments to include MBNA ⁽²⁾		Combined
Income Statement Data
Held total revenue	$	6,341	$	7,714	$	14,055
Securitizations impact		372		3,075		3,447

Managed total revenue	$	6,713	$	10,789	$	17,502

Held provision for credit losses	$	2,808	$	700	$	3,508
Securitizations impact		372		3,075		3,447

Managed provision for credit losses	$	3,180	$	3,775	$	6,955

Held noninterest expense	$	2,257	$	4,237	$	6,494
Securitizations impact		—		—		—

Managed noninterest expense	$	2,257	$	4,237	$	6,494

Held income before income taxes	$	1,276	$	2,777	$	4,053
Securitizations impact		—		—		—

Managed income before income taxes	$	1,276	$	2,777	$	4,053

(1)

Card Services includes U.S. Consumer and Business Card, Consumer Finance, International Card Operations and Merchant Services.

(2)

Reflects historical MBNA amounts as well as purchase accounting adjustments which were allocated to the business segments and All Other primarily based on how the assets acquired and liabilities assumed in the MBNA merger were allocated to the respective business segments and All Other. See also Notes to Unaudited Pro Forma Condensed Combined Financial Information in Form 8-K filed on April 10, 2006.

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

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Card Services Results - Reconciliation - GAAP (Purchase View) to Pro Forma continued


(Dollars in millions)
	Fourth Quarter 2005						Third Quarter 2005
Card Services Data ⁽²⁾	Bank of America		Adjustments to include MBNA ⁽¹⁾		Combined		Bank of America		Adjustments to include MBNA ⁽¹⁾		Combined
Loans
Period End:
On-balance sheet	$	61,397	$	35,359	$	96,756	$	58,427	$	33,300	$	91,727
Securitizations impact		2,239		90,242		92,481		3,622		87,229		90,851

Managed	$	63,636	$	125,601	$	189,237	$	62,049	$	120,529	$	182,578

Average:
On-balance sheet	$	59,479	$	33,737	$	93,216	$	57,414	$	32,654	$	90,068
Securitizations impact		2,865		89,175		92,040		4,491		85,421		89,912

Managed	$	62,344	$	122,912	$	185,256	$	61,905	$	118,075	$	179,980


	Year-to-Date September 30, 2005
	Bank of America		Adjustments to include MBNA ⁽¹⁾		Combined
Loans
Period End:
On-balance sheet	$	58,427	$	33,300	$	91,727
Securitizations impact		3,622		87,229		90,851

Managed	$	62,049	$	120,529	$	182,578

Average:
On-balance sheet	$	54,925	$	30,325	$	85,250
Securitizations impact		5,788		85,937		91,725

Managed	$	60,713	$	116,262	$	176,975


	Fourth Quarter 2005						Third Quarter 2005
Credit Card Data ⁽³⁾	Bank of America		Adjustments to include MBNA ⁽¹⁾		Combined		Bank of America		Adjustments to include MBNA ⁽¹⁾		Combined
Loans
Period End:
On-balance sheet	$	58,548	$	21,396	$	79,944	$	56,079	$	19,980	$	76,059
Securitizations impact		2,237		83,035		85,272		3,622		80,012		83,634

Managed	$	60,785	$	104,431	$	165,216	$	59,701	$	99,992	$	159,693

Average:
On-balance sheet	$	56,858	$	19,969	$	76,827	$	55,271	$	19,563	$	74,834
Securitizations impact		2,865		81,954		84,819		4,491		78,496		82,987

Managed	$	59,723	$	101,923	$	161,646	$	59,762	$	98,059	$	157,821


	Year-to-Date September 30, 2005
	Bank of America		Adjustments to include MBNA ⁽¹⁾		Combined
Loans
Period End:
On-balance sheet	$	56,079	$	19,980	$	76,059
Securitizations impact		3,622		80,012		83,634

Managed	$	59,701	$	99,992	$	159,693

Average:
On-balance sheet	$	53,033	$	17,833	$	70,866
Securitizations impact		5,788		79,147		84,935

Managed	$	58,821	$	96,980	$	155,801

(1)

(2)

Card Services includes U.S. Consumer and Business Card, Consumer Finance, International Card Operations and Merchant Services.

(3)

Credit Card includes U.S. Consumer Card and foreign credit card. Does not include Business Credit Card.

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

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Global Corporate and Investment Banking Segment Results


(Dollars in millions)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Net interest income ⁽¹⁾	$	8,069		$	8,394		$	2,643		$	2,708		$	2,718		$	2,771		$	2,749
Noninterest income
Service charges		2,100			1,977			710			703			687			641			671
Investment and brokerage services		801			775			252			277			272			271			267
Investment banking income		1,721			1,345			554			645			522			547			532
Trading account profits		2,591			1,463			711			872			1,008			307			571
All other income		2,011			1,697			1,145			508			358			421			499

Total noninterest income		9,224			7,257			3,372			3,005			2,847			2,187			2,540

Total revenue ⁽¹⁾		17,293			15,651			6,015			5,713			5,565			4,958			5,289

Provision for credit losses		102			(388	)		22			41			39			97			12
Gains (losses) on sales of debt securities		34			168			14			(3	)		23			95			17
Noninterest expense		8,953			8,166			2,965			2,957			3,031			2,967			2,854

Income before income taxes ⁽¹⁾		8,272			8,041			3,042			2,712			2,518			1,989			2,440
Income tax expense		3,051			2,933			1,120			999			932			707			889

Net income	$	5,221		$	5,108		$	1,922		$	1,713		$	1,586		$	1,282		$	1,551

Shareholder value added	$	1,865		$	1,820		$	828		$	571		$	466		$	152		$	450
Net interest yield ⁽¹⁾		1.76	%		2.06	%		1.65	%		1.77	%		1.88	%		1.92	%		1.92	%
Return on average equity		16.50			16.43			18.62			15.92			15.02			11.99			14.91
Efficiency ratio ⁽¹⁾		51.77			52.17			49.30			51.75			54.46			59.84			53.96

Balance Sheet
Average
Total loans and leases	$	242,161		$	210,038		$	246,419		$	243,140		$	236,818		$	228,999		$	216,121
Total trading-related assets		330,378			313,422			340,521			332,688			317,675			317,970			328,713
Total earning assets		612,441			543,719			636,614			613,246			586,916			571,099			566,674
Total assets		694,571			626,041			715,174			700,237			667,783			654,655			648,312
Total deposits		203,275			188,879			206,576			205,263			197,890			192,771			188,901
Allocated equity		42,308			41,556			40,941			43,179			42,824			42,412			41,265

Period End
Total loans and leases	$	243,410		$	220,873		$	243,410		$	246,287		$	239,066		$	232,631		$	220,873
Total trading-related assets		296,504			273,261			296,504			294,435			268,932			291,267			273,261
Total earning assets		592,702			514,944			592,702			584,153			546,026			553,344			514,944
Total assets		675,893			602,008			675,893			665,943			630,960			633,314			602,008
Total deposits		199,737			184,518			199,737			203,138			198,576			198,352			184,518

(1)

Fully taxable-equivalent basis

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

Bank

of America Corporation

Global Corporate and Investment Banking Business Results


(Dollars in millions)
	Three Months Ended September 30, 2006
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽¹⁾	$	2,643		$	1,131		$	375		$	979		$	158
Noninterest income
Service charges		710			130			29			509			42
Investment and brokerage services		252			5			205			8			34
Investment banking income		554			—			554			—			—
Trading account profits		711			10			657			13			31
All other income		1,145			128			48			195			774

Total noninterest income		3,372			273			1,493			725			881

Total revenue ⁽¹⁾		6,015			1,404			1,868			1,704			1,039

Provision for credit losses		22			53			(3	)		(1	)		(27	)
Gains on sales of debt securities		14			3			8			—			3
Noninterest expense		2,965			548			1,366			810			241

Income before income taxes ⁽¹⁾		3,042			806			513			895			828
Income tax expense		1,120			287			189			331			313

Net income	$	1,922		$	519		$	324		$	564		$	515

Shareholder value added	$	828		$	145		$	26		$	387		$	270
Net interest yield ⁽¹⁾		1.65	%		1.92	%		n/m			2.90	%		n/m
Return on average equity		18.62			14.17			11.94	%		33.37			n/m
Efficiency ratio ⁽¹⁾		49.30			39.02			73.14			47.51			n/m
Period end - total assets ⁽²⁾	$	675,893		$	241,257		$	374,488		$	158,711			n/m

	Three Months Ended September 30, 2005
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽¹⁾	$	2,749		$	1,199		$	453		$	861		$	236
Noninterest income
Service charges		671			127			34			468			42
Investment and brokerage services		267			5			217			7			38
Investment banking income		532			—			531			—			1
Trading account profits		571			5			516			12			38
All other income		499			171			93			173			62

Total noninterest income		2,540			308			1,391			660			181

Total revenue ⁽¹⁾		5,289			1,507			1,844			1,521			417

Provision for credit losses		12			113			(14	)		—			(87	)
Gains on sales of debt securities		17			2			3			—			12
Noninterest expense		2,854			499			1,198			786			371

Income before income taxes ⁽¹⁾		2,440			897			663			735			145
Income tax expense		889			328			241			265			55

Net income	$	1,551		$	569		$	422		$	470		$	90


Shareholder value added	$	450		$	180		$	153		$	303		$	(186	)
Net interest yield ⁽¹⁾		1.92	%		2.29	%		n/m			2.36	%		n/m
Return on average equity		14.91			14.93			17.14	%		29.21			n/m
Efficiency ratio ⁽¹⁾		53.96			33.10			64.93			51.63			n/m
Period end - total assets ⁽²⁾	$	602,008		$	217,357		$	319,954		$	165,021			n/m

(1)

Fully taxable-equivalent basis

(2)

Total Assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

Bank of America Corporation

Global Corporate and Investment Banking Business Results


(Dollars in millions)
	Nine Months Ended September 30, 2006
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽¹⁾	$	8,069		$	3,476		$	1,165		$	2,901		$	527
Noninterest income
Service charges		2,100			387			90			1,489			134
Investment and brokerage services		801			14			658			24			105
Investment banking income		1,721			—			1,720			—			1
Trading account profits		2,591			44			2,360			36			151
All other income		2,011			397			199			536			879

Total noninterest income		9,224			842			5,027			2,085			1,270

Total revenue ⁽¹⁾		17,293			4,318			6,192			4,986			1,797

Provision for credit losses		102			88			8			—			6
Gains on sales of debt securities		34			8			12			—			14
Noninterest expense		8,953			1,603			4,074			2,430			846

Income before income taxes ⁽¹⁾		8,272			2,635			2,122			2,556			959
Income tax expense		3,051			976			785			946			344

Net income	$	5,221		$	1,659		$	1,337		$	1,610		$	615

Shareholder value added	$	1,865		$	432		$	452		$	1,053		$	(72	)
Net interest yield ⁽¹⁾		1.76	%		2.03	%		n/m			2.85	%		n/m
Return on average equity		16.50			13.88			16.54	%		30.27			n/m
Efficiency ratio ⁽¹⁾		51.77			37.14			65.79			48.74			n/m
Period end - total assets ⁽²⁾	$	675,893		$	241,257		$	374,488		$	158,711			n/m

	Nine Months Ended September 30, 2005
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽¹⁾	$	8,394		$	3,633		$	1,527		$	2,411		$	823
Noninterest income
Service charges		1,977			361			81			1,412			123
Investment and brokerage services		775			13			651			21			90
Investment banking income		1,345			—			1,344			—			1
Trading account profits		1,463			(36	)		1,362			53			84
All other income		1,697			680			264			502			251

Total noninterest income		7,257			1,018			3,702			1,988			549

Total revenue ⁽¹⁾		15,651			4,651			5,229			4,399			1,372

Provision for credit losses		(388	)		(141	)		(14	)		(5	)		(228	)
Gains on sales of debt securities		168			62			23			—			83
Noninterest expense		8,166			1,487			3,408			2,360			911

Income before income taxes ⁽¹⁾		8,041			3,367			1,858			2,044			772
Income tax expense		2,933			1,206			665			736			326

Net income	$	5,108		$	2,161		$	1,193		$	1,308		$	446

Shareholder value added	$	1,820		$	997		$	399		$	808		$	(384	)
Net interest yield ⁽¹⁾		2.06	%		2.43	%		n/m			2.28	%		n/m
Return on average equity		16.43			18.94			16.43	%		27.09			n/m
Efficiency ratio ⁽¹⁾		52.17			31.97			65.18			53.64			n/m
Period end - total assets ⁽²⁾	$	602,008		$	217,357		$	319,954		$	165,021			n/m

(1)

Fully taxable-equivalent basis

(2)

Total Assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

Bank of America Corporation

Global Corporate and Investment Banking - Business Lending Key Indicators


(Dollars in millions)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Business lending revenue⁽¹⁾
Corporate lending⁽²⁾	$	548		$	1,099		$	194		$	199		$	155		$	248		$	247
Commercial lending		3,231			3,121			1,030			1,148			1,053			986			1,081
Consumer indirect lending		547			493			183			184			180			186			181

Total revenue	$	4,326		$	4,713		$	1,407		$	1,531		$	1,388		$	1,420		$	1,509

Business lending margin
Corporate lending		1.32	%		1.80	%		1.25	%		1.36	%		1.35	%		1.53	%		1.68	%
Commercial lending		1.65			1.81			1.57			1.66			1.71			1.70			1.73
Consumer indirect lending		1.80			2.14			1.76			1.79			1.87			2.01			2.07

Provision
Corporate lending	$	(107	)	$	(231	)	$	(21	)	$	(21	)	$	(65	)	$	11		$	(52	)
Commercial lending		(8	)		(89	)		9			(22	)		5			110			89
Consumer indirect lending		203			179			65			62			76			87			76

Total provision	$	88		$	(141	)	$	53		$	19		$	16		$	208		$	113

Credit quality (% vs. loans) ^(3,4)
Criticized assets
Corporate lending	$	1,477		$	1,785		$	1,477		$	1,473		$	1,593		$	1,602		$	1,785
		1.97	%		2.60	%		1.97	%		1.96	%		2.23	%		2.27	%		2.60	%
Commercial lending	$	5,132		$	4,647		$	5,132		$	4,609		$	4,540		$	4,633		$	4,647
		2.99	%		2.92	%		2.99	%		2.72	%		2.75	%		2.82	%		2.92	%

Total	$	6,609		$	6,432		$	6,609		$	6,082		$	6,133		$	6,235		$	6,432
		2.68	%		2.82	%		2.68	%		2.49	%		2.59	%		2.66	%		2.82	%

Nonperforming assets
Corporate lending	$	143		$	230		$	143		$	165		$	178		$	182		$	230
		0.38	%		0.69	%		0.38	%		0.44	%		0.46	%		0.48	%		0.69	%
Commercial lending	$	402		$	469		$	402		$	463		$	474		$	430		$	469
		0.28	%		0.36	%		0.28	%		0.33	%		0.34	%		0.31	%		0.36	%

Total	$	545		$	699		$	545		$	628		$	652		$	612		$	699
		0.30	%		0.42	%		0.30	%		0.35	%		0.37	%		0.35	%		0.42	%

Average loans and leases by product
Commercial	$	110,375		$	97,399		$	112,370		$	110,391		$	108,319		$	104,832		$	99,844
Leases		20,301			20,300			20,379			20,425			20,096			19,792			20,089
Foreign		12,189			9,033			12,623			12,186			11,748			10,473			9,384
Real estate		34,927			32,086			35,195			34,803			34,778			34,209			32,883
Consumer		34,478			27,634			35,706			34,128			33,579			32,307			31,070
Other		2,221			2,450			2,167			2,216			2,279			2,334			2,392

Total average loans and leases	$	214,491		$	188,902		$	218,440		$	214,149		$	210,799		$	203,947		$	195,662

_________ (1) Includes Gains (Losses) on Sales of Debt Securities.
(2) Total corporate lending revenue	$	*548*		$	1,099		$	*194*		$	199		$	155		$	248		$	247
Less: impact of credit mitigation		*(159*	)		215			*(36*	)		(39	)		(84	)		(36	)		(18	)

Corporate lending revenues excluding credit mitigation	$	*707*		$	884		$	*230*		$	238		$	239		$	284		$	265

(3)

Criticized assets correspond to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The criticized assets are on an end-of- period basis and are also shown as a percentage of total commercial utilized credit exposure, including loans and leases, stand by letters of credit, and financial guarantees, derivative assets, assets held-for-sale and commercial letters of credit.

(4)

Nonperforming assets are on an end-of-period basis and defined as nonperforming loans and leases plus foreclosed properties. The nonperforming ratio is nonperforming assets divided by commercial loans and leases plus commercial foreclosed properties.

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

Bank of America Corporation

Global Corporate and Investment Banking - Capital Markets and Advisory Services Key Indicators


(Dollars in millions)
	Year-to-Date September 30				Third Quarter 2006		Second Quarter 2006		First Quarter 2006		Fourth Quarter 2005		Third Quarter 2005
	2006		2005		Third Quarter 2006		Second Quarter 2006		First Quarter 2006		Fourth Quarter 2005		Third Quarter 2005
Investment banking income
Advisory fees	$	215	$	222	$	85	$	54	$	76	$	73	$	89
Debt underwriting		1,273		933		417		476		380		390		348
Equity underwriting		232		189		52		114		66		84		94

Total investment banking income		1,720		1,344		554		644		522		547		531

Sales and trading
Fixed income:
Liquid products		1,607		1,445		401		612		594		454		459
Credit products		678		570		238		141		299		64		219
Structured products		1,103		762		373		382		348		271		278

Total fixed income		3,388		2,777		1,012		1,135		1,241		789		956

Equity income		1,096		1,131		310		340		446		239		360

Total sales and trading		4,484		3,908		1,322		1,475		1,687		1,028		1,316

Total capital markets and advisory services revenue⁽¹⁾	$	6,204	$	5,252	$	1,876	$	2,119	$	2,209	$	1,575	$	1,847


Balance sheet (average)
Trading account securities	$	134,663	$	128,690	$	143,250	$	130,272	$	130,323	$	136,058	$	138,874
Reverse repurchases		72,942		71,924		73,136		70,571		75,141		75,229		78,919
Securities borrowed		96,640		86,838		98,375		102,759		88,682		79,993		85,377
Derivative assets		22,260		22,156		21,608		25,259		19,894		21,918		21,437

Trading-related assets	$	326,505	$	309,608	$	336,369	$	328,861	$	314,040	$	313,198	$	324,607

Sales credits from secondary trading
Liquid products	$	699	$	616	$	223	$	246	$	230	$	197	$	192
Credit products		598		497		209		205		184		160		152
Structured products		496		437		158		176		162		128		167
Equities		620		615		193		206		221		211		201

Total	$	2,413	$	2,165	$	783	$	833	$	797	$	696	$	712

Volatility of product revenues - 1 std dev
Liquid products	$	7.0	$	10.0	$	7.8	$	6.6	$	5.9	$	7.0	$	11.1
Credit products		3.4		8.6		2.5		3.6		3.3		4.1		3.7
Structured products		5.6		6.8		5.3		6.6		4.6		6.8		8.1
Equities		2.0		4.0		1.0		2.7		2.0		1.3		6.0
Total		10.1		16.7		9.3		10.9		8.8		12.2		16.0

(1)

Includes gains (losses) on sales of debt securities.

Certain

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

Bank of America Corporation

Global Corporate & Investment Banking Strategic Progress

LOGO

Source: Thomson Financial except Syndicated Loans and Leveraged Loans from Loan Pricing Corporation.

Significant U.S. market share gains

•

#1 in syndicated loans and leveraged loans, ranked by number of deals

•

Top 5 rankings in:

Syndicated loans

Leveraged loans

High yield debt

Investment grade debt

Convertible debt

•

M&A market share for YTD 05 includes MBNA; market share without MBNA is 9.3%

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Global Wealth and Investment Management Segment Results ⁽¹⁾


(Dollars in millions, except as noted)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Net interest income ⁽²⁾	$	2,910		$	2,814		$	943		$	986		$	981		$	1,001		$	937
Noninterest income
Investment and brokerage services		2,546			2,348			843			870			833			792			793
All other income		335			259			82			99			154			98			89

Total noninterest income		2,881			2,607			925			969			987			890			882

Total revenue ⁽²⁾		5,791			5,421			1,868			1,955			1,968			1,891			1,819

Provision for credit losses		(42	)		(8	)		(1	)		(40	)		(1	)		1			(1	)
Noninterest expense		2,975			2,763			992			991			992			948			924

Income before income taxes ⁽²⁾		2,858			2,666			877			1,004			977			942			896
Income tax expense		1,057			959			324			370			363			336			328

Net income	$	1,801		$	1,707		$	553		$	634		$	614		$	606		$	568

Shareholder value added	$	1,009		$	938		$	291		$	382		$	336		$	322		$	310
Net interest yield ⁽²⁾		3.34	%		3.13	%		3.22	%		3.39	%		3.41	%		3.38	%		3.10	%
Return on average equity		23.34			22.68			21.68			25.76			22.69			21.95			22.51
Efficiency ratio ⁽²⁾		51.37			50.97			53.12			50.68			50.39			50.12			50.79

Balance Sheet
Average
Total loans and leases	$	60,496		$	53,063		$	62,271		$	60,412		$	58,766		$	57,187		$	55,260
Total earning assets ⁽³⁾		116,490			120,304			116,124			116,571			116,784			117,534			119,974
Total assets ⁽³⁾		124,234			128,095			123,796			124,345			124,571			125,312			127,805
Total deposits		113,906			118,174			113,529			114,195			114,001			114,859			118,135
Allocated equity		10,316			10,059			10,115			9,867			10,975			10,954			10,014

Period End
Total loans and leases	$	63,301		$	56,147		$	63,301		$	61,602		$	59,512		$	58,380		$	56,147
Total earning assets ⁽³⁾		117,258			117,613			117,258			115,200			117,779			121,269			117,613
Total assets ⁽³⁾		125,247			125,684			125,247			123,119			125,799			129,232			125,684
Total deposits		114,721			116,364			114,721			113,222			115,290			115,454			116,364

Client Assets (in billions)
Assets under management	$	517.1		$	457.4		$	517.1		$	500.1		$	493.9		$	482.4		$	457.4
Client brokerage assets		175.9			155.6			175.9			169.5			170.6			161.7			155.6
Assets in custody		93.1			96.1			93.1			95.2			97.0			94.2			96.1

Total client assets	$	786.1		$	709.1		$	786.1		$	764.8		$	761.5		$	738.3		$	709.1

(1)

Global Wealth and Investment Management services clients through three primary businesses: The Private Bank, Columbia Management, and Premier Banking and Investments. In addition, ALM/Other includes the results of ALM activities and other Global Wealth and Investment Management businesses.

(2)

Fully taxable-equivalent basis

(3)

Total earning assets and Total Assets include asset allocations to match liabilities (i.e., deposits).

Certain

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

Bank of America Corporation

Global Wealth and Investment Management Business Results


(Dollars in millions)
	Three Months Ended September 30, 2006
	Total			Private Bank			Columbia Management			Premier Banking and Investments			ALM/ Other ⁽¹⁾
Net interest income ⁽²⁾	$	943		$	242		$	(13	)	$	490		$	224
Noninterest income
Investment and brokerage services		843			248			374			183			38
All other income		82			11			16			31			24

Total noninterest income		925			259			390			214			62

Total revenue ⁽²⁾		1,868			501			377			704			286

Provision for credit losses		(1	)		(4	)		—			3			—
Noninterest expense		992			342			250			340			60

Income before income taxes ⁽²⁾		877			163			127			361			226
Income tax expense		324			60			47			133			84

Net income	$	553		$	103		$	80		$	228		$	142

Shareholder value added	$	291		$	42		$	43		$	124		$	82
Net interest yield ⁽²⁾		3.22	%		3.07	%		n/m			4.12	%		n/m
Return on average equity		21.68			17.51			19.00	%		23.36			n/m
Efficiency ratio ⁽²⁾		53.12			68.16			66.64			48.30			n/m
Period end - total assets ⁽³⁾	$	125,247		$	32,648		$	2,980		$	51,828			n/m

	Three Months Ended September 30, 2005
	Total			Private Bank			Columbia Management			Premier Banking and Investments			ALM/ Other ⁽¹⁾
Net interest income ⁽²⁾	$	937		$	252		$	(2	)	$	444		$	243
Noninterest income
Investment and brokerage services		793			252			330			176			35
All other income		89			15			10			40			24

Total noninterest income		882			267			340			216			59

Total revenue ⁽²⁾		1,819			519			338			660			302

Provision for credit losses		(1	)		(5	)		—			6			(2	)
Noninterest expense		924			302			221			329			72

Income before income taxes ⁽²⁾		896			222			117			325			232
Income tax expense		328			80			42			117			89

Net income	$	568		$	142		$	75		$	208		$	143

Shareholder value added	$	310		$	90		$	35		$	124		$	61
Net interest yield ⁽²⁾		3.10	%		3.32	%		n/m			3.15	%		n/m
Return on average equity		22.51			27.16			16.88	%		26.29			n/m
Efficiency ratio ⁽²⁾		50.79			58.37			65.69			49.85			n/m
Period end - total assets ⁽³⁾	$	125,684		$	30,999		$	2,928		$	56,992			n/m

(1)

Reflects Premier Banking and Investments cumulative migration which increased average deposits $49.2 billion and $41.5 billion for the three months ended September 30, 2006 and 2005.

(2)

Fully taxable-equivalent basis

(3)

Total Assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

Bank of America Corporation

Global Wealth and Investment Management Business Results


(Dollars in millions)
	Nine Months Ended September 30, 2006
	Total			Private Bank			Columbia Management			Premier Banking and Investments			ALM/ Other ⁽¹⁾
Net interest income ⁽²⁾	$	2,910		$	746		$	(34	)	$	1,509		$	689
Noninterest income
Investment and brokerage services		2,546			768			1,115			550			113
All other income		335			72			38			91			134

Total noninterest income		2,881			840			1,153			641			247

Total revenue ⁽²⁾		5,791			1,586			1,119			2,150			936

Provision for credit losses		(42	)		(52	)		—			10			—
Noninterest expense		2,975			948			733			1,012			282

Income before income taxes ⁽²⁾		2,858			690			386			1,128			654
Income tax expense		1,057			255			143			417			242

Net income	$	1,801		$	435		$	243		$	711		$	412

Shareholder value added	$	1,009		$	255		$	139		$	433		$	182
Net interest yield ⁽²⁾		3.34	%		3.23	%		n/m			4.13	%		n/m
Return on average equity		23.34			24.66			20.06	%		27.10			n/m
Efficiency ratio ⁽²⁾		51.37			59.72			65.56			47.07			n/m
Period end - total assets ⁽³⁾	$	125,247		$	32,648		$	2,980		$	51,828			n/m

	Nine Months Ended September 30, 2005
	Total			Private Bank			Columbia Management			Premier Banking and Investments			ALM/ Other ⁽¹⁾
Net interest income ⁽²⁾	$	2,814		$	748		$	7		$	1,227		$	832
Noninterest income
Investment and brokerage services		2,348			781			965			502			100
All other income		259			48			23			112			76

Total noninterest income		2,607			829			988			614			176

Total revenue ⁽²⁾		5,421			1,577			995			1,841			1,008

Provision for credit losses		(8	)		(20	)		—			14			(2	)
Noninterest expense		2,763			918			669			956			220

Income before income taxes ⁽²⁾		2,666			679			326			871			790
Income tax expense		959			244			117			314			284

Net income	$	1,707		$	435		$	209		$	557		$	506

Shareholder value added	$	938		$	268		$	97		$	307		$	266
Net interest yield ⁽²⁾		3.13	%		3.36	%		n/m			2.93	%		n/m
Return on average equity		22.68			26.06			16.27	%		23.54			n/m
Efficiency ratio ⁽²⁾		50.97			58.21			67.24			51.93			n/m
Period end - total assets ⁽³⁾	$	125,684		$	30,999		$	2,928		$	56,992			n/m

(1)

Reflects Premier Banking and Investments cumulative migration which increased average deposits $47.8 billion and $37.7 billion for the nine months ended September 30, 2006 and 2005.

(2)

Fully taxable-equivalent basis

(3)

Total Assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

Bank of America Corporation

Global Wealth and Investment Management - Key Indicators


(Dollars in millions, except as noted)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
The Private Bank
Recurring asset management fees	$	748		$	765		$	242		$	260		$	246		$	247		$	247
Brokerage commissions		20			16			6			8			6			5			5

Total Investment and Brokerage Services Income	$	768		$	781		$	248		$	268		$	252		$	252		$	252

Assets Under Management	$	166,570		$	165,058		$	166,570		$	163,680		$	165,996		$	164,032		$	165,058
Columbia Management
Recurring asset management fees	$	1,114		$	973		$	374		$	377		$	363		$	336		$	332
Brokerage commissions		1			(8	)		—			—			1			—			(2	)

Total Investment and Brokerage Services Income	$	1,115		$	965		$	374		$	377		$	364		$	336		$	330

Assets Under Management	$	410,781		$	332,364		$	410,781		$	394,355		$	385,896		$	361,179		$	332,364
Premier Banking and Investments
Recurring asset management fees	$	137		$	87		$	50		$	46		$	41		$	38		$	33
Brokerage commissions		413			415			133			142			138			130			143

Total Investment and Brokerage Services Income	$	550		$	502		$	183		$	188		$	179		$	168		$	176

Assets Under Management	$	16,804		$	12,554		$	16,804		$	16,116		$	15,325		$	13,723		$	12,554
Number of client managers		2,292			2,032			2,292			2,196			2,173			2,104			2,032
Number of financial advisors		1,903			1,925			1,903			1,869			1,873			1,895			1,925

Total Premier Banking and Investment Client Advisors		4,195			3,957			4,195			4,065			4,046			3,999			3,957

Brokerage Revenue per Financial Advisor (in thousands)	$	217		$	213		$	67		$	76		$	74		$	69		$	75
All Other
Recurring asset management fees	$	91		$	75		$	31		$	30		$	30		$	28		$	25
Brokerage commissions		22			25			7			7			8			8			10

Total Investment and Brokerage Services Income	$	113		$	100		$	38		$	37		$	38		$	36		$	35

Assets Under Management Elimination	$	(77,100	)	$	(52,577	)	$	(77,100	)	$	(74,007	)	$	(73,287	)	$	(56,540	)	$	(52,577	)
Total Global Wealth and Investment Management
Recurring asset management fees	$	2,090		$	1,900		$	697		$	713		$	680		$	649		$	637
Brokerage commissions		456			448			146			157			153			143			156

Total Investment and Brokerage Services Income	$	2,546		$	2,348		$	843		$	870		$	833		$	792		$	793

Assets Under Management	$	517,055		$	457,399		$	517,055		$	500,144		$	493,930		$	482,394		$	457,399
($ in billions)
Assets Under Management Rollforward
Beginning Balance	$	482		$	451		$	500		$	494		$	482		$	457		$	442
Net flows		24			1			12			11			1			23			8
Market valuation/other		11			5			5			(5	)		11			2			7

Ending Balance	$	517		$	457		$	517		$	500		$	494		$	482		$	457

Assets Under Management Mix
Money market/other	$	198		$	162		$	198		$	192		$	182		$	185		$	162
Fixed income		87			85			87			84			82			83			85
Equity		232			210			232			224			230			214			210

Total Assets Under Management	$	517		$	457		$	517		$	500		$	494		$	482		$	457

% of Assets Under Management in 4 and 5 Star Funds⁽¹⁾		61	%		53	%		61	%		59	%		56	%		56	%		53	%
% of Assets Under Management in 1st and 2nd Quartiles⁽²⁾		88			77			88			85			82			78			77
Client Brokerage Assets
Total brokerage assets	$	176		$	156		$	176		$	170		$	171		$	162		$	156

(1)

Results shown are defined by Columbia Management’s calculation using Morningstar’s Overall Rating criteria for 4&5 star rating. The assets under management of the Columbia Funds that had a 4&5 star rating were totaled then divided by the assets under management of all the funds in the ranking.

©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 results.

(2)

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 Management’s total assets under management. Had fees been included, rankings would have been lower. Past performance is no guarantee of future results.

Certain

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

Bank of America Corporation

All Other Results ⁽¹⁾


(Dollars in millions)
	Year-to-Date September 30						Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
	2006			2005			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005			Third Quarter 2005
Net interest income ⁽²⁾	$	93		$	(296	)	$	65		$	33		$	(5	)	$	(13	)	$	9
Noninterest income
Equity investment gains		1,835			1,471			687			577			571			493			640
All other income		(648	)		(405	)		(117	)		(233	)		(298	)		(571	)		(674	)

Total noninterest income		1,187			1,066			570			344			273			(78	)		(34	)

Total revenue ⁽²⁾		1,280			770			635			377			268			(91	)		(25	)

Provision for credit losses		(40	)		37			—			(25	)		(15	)		3			41
Gains (losses) on sales of debt securities		(497	)		847			(483	)		(6	)		(8	)		(23	)		13
Merger and restructuring charges		561			353			269			194			98			59			120
All other noninterest expense		58			240			(93	)		33			118			60			132

Income before income taxes ⁽²⁾		204			987			(24	)		169			59			(236	)		(305	)
Income tax expense (benefit)		(7	)		169			(76	)		148			(79	)		(178	)		(185	)

Net income	$	211		$	818		$	52		$	21		$	138		$	(58	)	$	(120	)

Shareholder value added	$	(483	)	$	(507	)	$	(215	)	$	(152	)	$	(116	)	$	(432	)	$	(614	)

Balance Sheet
Average
Total loans and leases	$	149,874		$	122,963		$	170,942		$	144,490		$	133,780		$	128,152		$	122,390
Total earning assets		200,384			137,418			220,767			193,519			186,490			159,023			151,211
Total assets		246,026			177,415			268,122			238,243			231,304			199,579			191,768
Total deposits		21,825			20,637			26,378			21,339			17,661			14,676			15,205

Period End
Total loans and leases	$	166,710		$	129,878		$	166,710		$	170,850		$	137,111		$	131,123		$	129,878
Total earning assets		175,271			159,754			175,271			217,314			174,313			156,002			159,754
Total assets		253,151			197,649			253,151			262,140			217,195			197,998			197,649
Total deposits		20,658			12,536			20,658			23,664			28,120			14,763			12,536

(1)

All Other consists primarily of equity investments, the residual impact of the allowance for credit losses and the cost allocation processes, Merger and Restructuring charges, intersegment eliminations, and the results of certain consumer finance and commercial lending businesses that are being liquidated.

(2)

Fully taxable-equivalent basis

Components of Equity Investment Gains


(Dollars in millions)
	Three Months Ended September 30				Nine Months Ended September 30
	2006		2005		2006		2005
Principal Investing	$	604	$	550	$	1,347	$	1,096
Corporate and Strategic Investments ⁽¹⁾		83		90		488		375

Total All Other equity investment gains		687		640		1,835		1,471
Other equity investment gains ⁽²⁾		18		73		287		220

Total consolidated equity investment gains	$	705	$	713	$	2,122	$	1,691

(1)

Various other equity investments not attributable to the three business segments.

(2)

Other equity investment gains include results from activities within the three business segments.

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

Bank of America Corporation

Outstanding Loans and Leases


(Dollars in millions)
	September 30 2006		June 30 2006		Increase (Decrease) from 6/30/06
Consumer
Residential mortgage	$	218,918	$	222,803	$	(3,885	)
Credit card - domestic		60,130		62,990		(2,860	)
Credit card - foreign		9,937		8,576		1,361
Home equity lines		71,577		68,856		2,721
Direct/Indirect consumer		62,985		59,281		3,704
Other consumer⁽¹⁾		10,468		10,846		(378	)

Total consumer		434,015		433,352		663

Commercial
Commercial - domestic		154,578		149,871		4,707
Commercial real estate⁽²⁾		37,121		37,262		(141	)
Commercial lease financing		21,289		20,974		315
Commercial - foreign		22,146		26,494		(4,348	)

Total commercial		235,134		234,601		533

Total	$	669,149	$	667,953	$	1,196

(1)

Includes foreign consumer of $7.6 billion and $7.9 billion; and consumer finance of $2.9 billion and $3.0 billion at September 30, 2006 and June 30, 2006.

(2)

Includes domestic commercial real estate loans of $36.4 billion and $36.5 billion; and foreign commercial real estate loans of $768 million and $789 million at September 30, 2006 and June 30, 2006.

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Commercial Credit Exposure by Industry⁽¹⁾


(Dollars in millions)
	Commercial Utilized							Commercial Unfunded							Total Commercial
	September 30 2006		June 30 2006		Increase (Decrease)			September 30 2006		June 30 2006		Increase (Decrease)			September 30 2006		June 30 2006		Increase (Decrease)
Real estate⁽²⁾	$	52,791	$	51,133	$	1,658		$	22,815	$	22,283	$	532		$	75,606	$	73,416	$	2,190
Diversified financials		27,074		27,179		(105	)		40,567		40,542		25			67,641		67,721		(80	)
Retailing		28,177		27,852		325			15,496		15,268		228			43,673		43,120		553
Government and public education		21,589		20,351		1,238			16,095		15,364		731			37,684		35,715		1,969
Capital goods		16,332		16,137		195			18,810		18,103		707			35,142		34,240		902
Banks		24,607		24,429		178			10,078		9,045		1,033			34,685		33,474		1,211
Consumer services		18,421		18,210		211			12,243		12,353		(110	)		30,664		30,563		101
Individuals and trusts		18,720		18,515		205			10,134		9,913		221			28,854		28,428		426
Materials		15,710		17,426		(1,716	)		12,131		12,220		(89	)		27,841		29,646		(1,805	)
Healthcare equipment and services		15,245		15,223		22			11,874		12,110		(236	)		27,119		27,333		(214	)
Commercial services and supplies		14,243		13,257		986			8,118		7,634		484			22,361		20,891		1,470
Food, beverage and tobacco		10,675		11,394		(719	)		8,946		9,191		(245	)		19,621		20,585		(964	)
Energy		9,516		9,009		507			8,509		8,470		39			18,025		17,479		546
Utilities		6,714		6,868		(154	)		11,007		10,169		838			17,721		17,037		684
Transportation		11,142		11,256		(114	)		5,997		5,579		418			17,139		16,835		304
Insurance		6,646		6,872		(226	)		10,101		10,685		(584	)		16,747		17,557		(810	)
Media		6,379		5,842		537			8,763		9,821		(1,058	)		15,142		15,663		(521	)
Religious and social organizations		7,817		7,668		149			2,747		2,564		183			10,564		10,232		332
Consumer durables and apparel		5,147		5,399		(252	)		4,367		4,274		93			9,514		9,673		(159	)
Telecommunication services		3,577		3,844		(267	)		5,092		5,014		78			8,669		8,858		(189	)
Pharmaceuticals and biotechnology		3,743		1,594		2,149			3,588		3,540		48			7,331		5,134		2,197
Technology hardware and equipment		2,820		2,903		(83	)		4,393		3,904		489			7,213		6,807		406
Software and services		2,364		2,537		(173	)		3,481		2,820		661			5,845		5,357		488
Automobiles and components		1,481		1,722		(241	)		3,683		3,509		174			5,164		5,231		(67	)
Food and staples retailing		2,122		2,144		(22	)		1,960		2,272		(312	)		4,082		4,416		(334	)
Household and personal products		672		896		(224	)		1,375		1,498		(123	)		2,047		2,394		(347	)
Semiconductors and semiconductor equipment		1,150		703		447			554		566		(12	)		1,704		1,269		435
Other		5,531		4,098		1,433			455		383		72			5,986		4,481		1,505

Total	$	340,405	$	334,461	$	5,944		$	263,379	$	259,094	$	4,285		$	603,784	$	593,555	$	10,229

(1)

Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale and commercial letters of credit. Derivative assets are reported on a mark-to-market basis and have been reduced by the amount of cash collateral applied of $7.8 billion and $10.9 billion at September 30, 2006 and June 30, 2006. In addition to cash collateral, derivative assets are also collateralized by $7.7 billion and $8.2 billion of other marketable securities at September 30, 2006 and June 30, 2006 for which the credit risk has not been reduced.

(2)

Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based upon the borrowers’ or counterparties’ primary business activity using operating cash flows and primary source of repayment as key factors.

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Net Credit Default Protection by Industry



*(Dollars in millions)*	September 30 2006			June 30 2006			Change
Telecommunication services	$	(1,149	)	$	(1,317	)	$	168
Media		(971	)		(1,035	)		64
Retailing		(790	)		(895	)		105
Real estate		(785	)		(835	)		50
Materials		(649	)		(877	)		228
Consumer services		(573	)		(540	)		(33	)
Automobiles and components		(518	)		(513	)		(5	)
Insurance		(508	)		(965	)		457
Utilities		(450	)		(689	)		239
Banks		(415	)		(364	)		(51	)
Capital goods		(412	)		(426	)		14
Commercial services and supplies		(407	)		(452	)		45
Energy		(373	)		(392	)		19
Food, beverage and tobacco		(348	)		(349	)		1
Healthcare equipment and services		(317	)		(382	)		65
Pharmaceuticals and biotechnology		(248	)		(258	)		10
Transportation		(222	)		(218	)		(4	)
Food and staples retailing		(201	)		(233	)		32
Consumer durables and apparel		(190	)		(210	)		20
Software and services		(153	)		(136	)		(17	)
Diversified financials		(45	)		(129	)		84
Semiconductors and semiconductor equipment		(45	)		(44	)		(1	)
Government and public education		(30	)		(45	)		15
Technology hardware and equipment		(5	)		(65	)		60
Individuals and trusts		3			—			3
Household and personal products		75			75			—
Other ⁽¹⁾		661			1,751			(1,090	)

Total	$	(9,065	)	$	(9,543	)	$	478

(1)

Represents net credit default swaps (CDS) index positions, including tranched index exposure, which were principally investment grade. Indices are comprised of corporate credit derivatives that trade as an aggregate index value. Generally, they are grouped into portfolios based on specific ratings of credit quality or global geographic location. As of September 30, 2006 and June 30, 2006, CDS index positions were sold to reflect our current view of the credit markets.

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Net Credit Default Protection by Maturity Profile



	September 30 2006		June 30 2006
Less than or equal to one year ⁽¹⁾	2	%	(2	)%
Greater than one year and less than or equal to five years	52		57
Greater than five years	46		45

Total	100	%	100	%

(1)

In order to mitigate the cost of purchasing ideal levels of credit protection, credit exposure can be added by selling credit protection. In the table, the distribution of maturities for net credit protection purchased is shown as positive percentages and the distribution of maturities for net credit protection sold as negative percentages.

Net Credit Default Protection by Credit Exposure Debt Rating


(Dollars in millions)
	September 30, 2006					June 30, 2006
Ratings	Net Notional			Percent		Net Notional			Percent
AAA	$	(13	)	0.1	%	$	(13	)	0.1	%
AA		(125	)	1.4			(308	)	3.2
A		(2,699	)	29.8			(3,285	)	34.4
BBB		(4,946	)	54.6			(5,626	)	59.0
BB		(1,463	)	16.1			(1,425	)	14.9
B		(360	)	4.0			(405	)	4.3
CCC and below		(112	)	1.2			(186	)	2.0
NR⁽¹⁾		653		(7.2	)		1,705		(17.9	)

Total	$	(9,065	)	100.0	%	$	(9,543	)	100.0	%

(1)

In addition to unrated names, “NR” includes $661 million and $1,751 million in net CDS index positions at September 30, 2006 and June 30, 2006. While index positions are principally investment grade, CDS indices include names in and across each of the ratings categories.

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Selected Emerging Markets ⁽¹⁾



*(Dollars in millions)*	Loans and Leases, and Loan Commitments		Other Financing⁽²⁾		Derivative Assets⁽³⁾		Securities/ Other Investments ⁽⁴⁾		Total Cross- border Exposure ⁽⁵⁾		Local Country Exposure Net of Local Liabilities⁽⁶⁾		Total Foreign Exposure September 30, 2006		Increase/ (Decrease) from June 30, 2006
*Region/Country*
Asia Pacific
China ⁽⁷⁾	$	230	$	70	$	42	$	3,167	$	3,509	$	—	$	3,509	$	(42	)
South Korea		200		713		91		2,064		3,068		—		3,068		723
India		792		419		234		695		2,140		—		2,140		62
Taiwan		301		55		84		164		604		444		1,048		247
Hong Kong		367		51		23		374		815		—		815		(187	)
Singapore		249		13		39		435		736		—		736		164
Macau		69		17		6		66		158		179		337		76
Malaysia		13		2		1		298		314		—		314		99
Other Asia Pacific ⁽⁸⁾		4		21		9		317		351		—		351		(13	)

Total Asia Pacific		2,225		1,361		529		7,580		11,695		623		12,318		1,129

Latin America
Mexico ⁽⁹⁾		958		257		128		2,502		3,845		—		3,845		304
Brazil ⁽¹⁰⁾		838		106		23		1,980		2,947		426		3,373		763
Chile		239		16		—		1		256		329		585		(527	)
Argentina		36		17		—		74		127		60		187		36
Other Latin America ⁽⁸⁾		102		105		4		62		273		15		288		5

Total Latin America		2,173		501		155		4,619		7,448		830		8,278		581

Central and Eastern Europe ⁽⁸⁾		26		30		14		110		180		—		180		(12	)

Total	$	4,424	$	1,892	$	698	$	12,309	$	19,323	$	1,453	$	20,776	$	1,698

(1)

There is no generally accepted definition of emerging markets. The definition that we use includes all countries in Latin America excluding Cayman Islands and Bermuda; all countries in Asia Pacific excluding Japan, Australia and New Zealand; and all countries in Central and Eastern Europe excluding Greece.

(2)

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

(3)

Derivative assets are reported on a mark-to-market basis and have been reduced by the amount of cash collateral applied of $18 million and $52 million at September 30, 2006 and June 30, 2006. There are no other marketable securities collateralizing derivatives assets as of September 30, 2006, and June 30, 2006.

(4)

Generally, cross-border resale agreements are presented based on the domicile of the counterparty because the counterparty has the legal obligation for repayment except where the underlying securities are U.S. Treasuries, in which case the domicile is the U.S., and are therefore excluded from this presentation. For regulatory reporting under Federal Financial Institutions Examination Council (FFIEC) guidelines, cross-border resale agreements are presented based on the domicile of the issuer of the securities that are held as collateral.

(5)

Cross-border exposure includes amounts payable to us by borrowers or counterparties with a country of residence other than the one in which the credit is booked, regardless of the currency in which the claim is denominated, consistent with FFIEC reporting rules.

(6)

Local country exposure includes amounts payable to us by borrowers with a country of residence in which the credit is booked, regardless of the currency in which the claim is denominated. Management subtracts local funding or liabilities from local exposures as allowed by the FFIEC. Total amount of available local liabilities funding local country exposure at September 30, 2006 was $22.7 billion compared to $26.7 billion at June 30, 2006. Local liabilities at September 30, 2006 in Asia Pacific and Latin America were $16.9 billion and $5.8 billion, of which $7.5 billion were in Hong Kong, $6.2 billion in Singapore, $2.0 billion in Chile, $1.8 billion in Argentina $1.2 billion in Mexico, $897 million in South Korea, $871 million in India, $744 million in Uruguay, and $532 million in China. There were no other countries with available local liabilities funding local country exposure greater than $500 million.

(7)

Securities/Other Investments include an investment of $3.0 billion in China Construction Bank.

(8)

Other Asia Pacific, Other Latin America, and Central and Eastern Europe include countries each with total foreign exposure of less than $300 million.

(9)

Securities/Other Investments include an investment of $2.2 billion in Grupo Financiero Santander Serfin.

(10)

Securities/Other Investments include an investment of $1.9 billion in Banco Itau.

This information is preliminary and based on company data available at the time of the presentation.

Bank of America Corporation

Nonperforming Assets


(Dollars in millions)
	September 30 2006			June 30 2006			March 31 2006			December 31 2005			September 30 2005
Residential mortgage	$	599		$	537		$	538		$	570		$	493
Home equity lines		175			134			121			117			88
Direct/Indirect consumer		37			35			34			37			32
Other consumer		86			99			92			61			75

Total consumer		897			805			785			785			688

Commercial - domestic		544			606			631			581			641
Commercial real estate		68			59			72			49			44
Commercial lease financing		35			43			53			62			61
Commercial - foreign		36			54			43			34			64

Total commercial		683			762			799			726			810

Total nonperforming loans and leases		1,580			1,567			1,584			1,511			1,498
Foreclosed properties		76			74			96			92			99

Total nonperforming assets⁽¹⁾	$	1,656		$	1,641		$	1,680		$	1,603		$	1,597

Loans past due 90 days or more and still accruing	$	2,719		$	2,433		$	1,924		$	1,455		$	1,417
Nonperforming assets / Total assets		0.11	%		0.11	%		0.12	%		0.12	%		0.13	%
Nonperforming assets / Total loans, leases and foreclosed properties		0.25			0.25			0.27			0.28			0.29
Nonperforming loans and leases / Total loans and leases		0.24			0.23			0.26			0.26			0.27

Allowance for credit losses:
Allowance for loan and lease losses	$	8,872		$	9,080		$	9,067		$	8,045		$	8,326
Reserve for unfunded lending commitments		388			395			395			395			390

Total	$	9,260		$	9,475		$	9,462		$	8,440		$	8,716

Allowance for loan and lease losses / Total loans and leases		1.33	%		1.36	%		1.46	%		1.40	%		1.50	%
Allowance for loan and lease losses / Total nonperforming loans and leases		562			579			572			532			556

Commercial utilized criticized exposure	$	7,553		$	7,246		$	7,262		$	7,527		$	7,632
Commercial utilized criticized exposure / Commercial utilized credit exposure		2.22	%		2.17	%		2.26	%		2.42	%		2.57	%

(1)

Balances do not include $99 million, $114 million, $84 million, $69 million and $114 million of nonperforming commercial assets, primarily commercial loans held-for-sale, included in Other Assets at September 30, 2006, June 30, 2006, March 31, 2006, December 31, 2005, and September 30, 2005, respectively.

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

Bank of America Corporation

Quarterly Net Charge-offs and Net Charge-off Ratios


(Dollars in millions)
	Third Quarter 2006⁽¹⁾					Second Quarter 2006⁽¹⁾					First Quarter 2006 ⁽¹⁾					Fourth Quarter 2005					Third Quarter 2005
	Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
Residential mortgage	$	6		0.01	%	$	14		0.03	%	$	10		0.02	%	$	5		0.01	%	$	7		0.02	%
Credit card - domestic		853		5.42			723		4.46			634		3.77			1,366		9.53			772		5.55
Credit card - foreign		70		2.94			57		2.72			19		0.94			—		—			—		—
Home equity lines		11		0.06			12		0.07			9		0.05			7		0.04			9		0.06
Direct/Indirect consumer		152		0.99			103		0.73			79		0.58			81		0.69			60		0.50
Other consumer		85		3.03			75		2.80			42		1.67			118		7.06			58		3.42

Total consumer		1,177		1.07			984		0.97			793		0.82			1,577		1.79			906		1.06

Commercial - domestic		111		0.29			50		0.14			52		0.14			97		0.28			54		0.17
Commercial real estate		2		0.02			1		—			(1	)	(0.01	)		(3	)	(0.03	)		2		0.02
Commercial lease financing		—		—			(17	)	(0.33	)		(23	)	(0.45	)		(12	)	(0.25	)		209		4.06
Commercial - foreign		(13	)	(0.21	)		5		0.08			1		0.01			(11	)	(0.21	)		(26	)	(0.55	)

Total commercial		100		0.17			39		0.07			29		0.05			71		0.13			239		0.47

Total net charge-offs	$	1,277		0.75		$	1,023		0.65		$	822		0.54		$	1,648		1.16		$	1,145		0.84

By Business Segment:
Global Consumer and Small Business Banking	$	1,202		2.46	%	$	981		2.10	%	$	763		1.65	%	$	1,535		4.08	%	$	887		2.42	%
Global Corporate and Investment Banking		63		0.10			62		0.10			50		0.09			87		0.15			240		0.44
Global Wealth and Investment Management		—		—			(43	)	(0.29	)		—		—			(1	)	(0.01	)		(1	)	(0.01	)
All Other		12		0.03			23		0.06			9		0.03			27		0.09			19		0.06

Total net charge-offs	$	1,277		0.75		$	1,023		0.65		$	822		0.54		$	1,648		1.16		$	1,145		0.84

(1)

Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on credit card - domestic $10 million, $7 million and $71 million, credit card - foreign $5 million, $6 million and $38 million, direct/indirect consumer $5 million, $7 million and $60 million, other consumer $6 million, $3 million and $28 million, and commercial - domestic $0 million, $4 million and $13 million for the quarters ended September 30, 2006, June 30, 2006 and March 31, 2006. Refer to Exhibit A on page 46 for a reconciliation of net charge-offs and net charge-off ratios to net charge-offs and net charge-off ratios excluding the impact of SOP 03-3.

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

LOGO

Bank of America Corporation

Year-to-Date Net Charge-offs and Net Charge-off Ratios


(Dollars in millions)
	Nine Months Ended September 30
	2006⁽¹⁾					2005
	Amount			Percent		Amount			Percent
Residential mortgage	$	30		0.02	%	$	22		0.02	%
Credit card - domestic		2,210		4.53			2,286		5.76
Credit card - foreign		146		2.24			—		—
Home equity lines		32		0.06			24		0.06
Direct/Indirect consumer		334		0.77			167		0.50
Other consumer		202		2.52			157		3.00

Total consumer		2,954		0.96			2,656		1.07

Commercial - domestic		213		0.19			73		0.08
Commercial real estate		2		0.01			3		0.01
Commercial lease financing		(40	)	(0.26	)		243		1.58
Commercial - foreign		(7	)	(0.04	)		(61	)	(0.45	)

Total commercial		168		0.10			258		0.18

Total net charge-offs	$	3,122		0.65		$	2,914		0.74

By Business Segment:
Global Consumer and Small Business Banking	$	2,946		2.08	%	$	2,565		2.41	%
Global Corporate and Investment Banking		175		0.10			274		0.18
Global Wealth and Investment Management		(43	)	(0.10	)		4		0.01
All Other		44		0.04			71		0.08

Total net charge-offs	$	3,122		0.65		$	2,914		0.74

(1)

Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on credit card - domestic $88 million, credit card - foreign $49 million, direct/indirect consumer $72 million, other consumer $37 million and commercial - domestic $17 million for the nine months ended September 30, 2006. Refer to Exhibit A on page 46 for a reconciliation of net charge-offs and net charge-off ratios to net charge-offs and net charge-off ratios excluding the impact of SOP 03-3.

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

Exhibit A

Reconciliation of Net Charge-offs and Net Charge-off Ratios to Net Charge-offs and Net Charge-off Ratios Excluding the Impact of SOP 03-3

Net Charge-offs and Net Charge-off Ratios As Reported ⁽¹⁾


	Year-to-Date September 30, 2006							Third Quarter 2006							Second Quarter 2006							First Quarter 2006
	Average Outstanding							Average Outstanding							Average Outstanding							Average Outstanding
*(Dollars in millions)*	Amount			Loans and Leases		Percent		Amount			Loans and Leases		Percent		Amount			Loans and Leases		Percent		Amount			Loans and Leases		Percent
Residential mortgage	$	30		$	201,777	0.02	%	$	6		$	222,889	0.01	%	$	14		$	197,228	0.03	%	$	10		$	184,796	0.02	%
Credit card - domestic		2,210			65,198	4.53			853			62,508	5.42			723			64,980	4.46			634			68,169	3.77
Credit card - foreign		146			8,725	2.24			70			9,455	2.94			57			8,305	2.72			19			8,403	0.94
Home equity lines		32			67,173	0.06			11			70,075	0.06			12			67,182	0.07			9			64,198	0.05
Direct/Indirect consumer		334			57,724	0.77			152			61,361	0.99			103			56,715	0.73			79			55,025	0.58
Other consumer		202			10,748	2.52			85			11,075	3.03			75			10,804	2.80			42			10,357	1.67

Total consumer		2,954			411,345	0.96			1,177			437,363	1.07			984			405,214	0.97			793			390,948	0.82

Commercial - domestic		213			148,746	0.19			111			153,007	0.29			50			148,445	0.14			52			144,693	0.14
Commercial real estate		2			36,968	0.01			2			37,471	0.02			1			36,749	—			(1	)		36,676	(0.01	)
Commercial lease financing		(40	)		20,762	(0.26	)		—			20,875	—			(17	)		20,896	(0.33	)		(23	)		20,512	(0.45	)
Commercial - foreign		(7	)		24,088	(0.04	)		(13	)		24,761	(0.21	)		5			24,345	0.08			1			23,139	0.01

Total commercial		168			230,564	0.10			100			236,114	0.17			39			230,435	0.07			29			225,020	0.05

Total net charge-offs	$	3,122		$	641,909	0.65		$	1,277		$	673,477	0.75		$	1,023		$	635,649	0.65		$	822		$	615,968	0.54

Impact of SOP 03-3⁽²⁾
Residential mortgage	$	—						$	—						$	—						$	—
Credit card - domestic		88							10							7							71
Credit card - foreign		49							5							6							38
Home equity lines		—							—							—							—
Direct/Indirect consumer		72							5							7							60
Other consumer		37							6							3							28

Total consumer		246							26							23							197

Commercial - domestic		17							—							4							13
Commercial real estate		—							—							—							—
Commercial lease financing		—							—							—							—
Commercial - foreign		—							—							—							—

Total commercial		17							—							4							13

Total net charge-offs	$	263						$	26						$	27						$	210

Net Charge-offs and Net Charge-off Ratios
Excluding the Impact of SOP 03-3
Residential mortgage	$	30		$	201,777	0.02	%	$	6		$	222,889	0.01	%	$	14		$	197,228	0.03	%	$	10		$	184,796	0.02	%
Credit card - domestic		2,298			65,198	4.71			863			62,508	5.48			730			64,980	4.50			705			68,169	4.19
Credit card - foreign		195			8,725	2.98			75			9,455	3.13			63			8,305	3.02			57			8,403	2.77
Home equity lines		32			67,173	0.06			11			70,075	0.06			12			67,182	0.07			9			64,198	0.05
Direct/Indirect consumer		406			57,724	0.94			157			61,361	1.02			110			56,715	0.77			139			55,025	1.02
Other consumer		239			10,748	2.98			91			11,075	3.22			78			10,804	2.93			70			10,357	2.76

Total consumer		3,200			411,345	1.04			1,203			437,363	1.09			1,007			405,214	1.00			990			390,948	1.03

Commercial - domestic		230			148,746	0.21			111			153,007	0.29			54			148,445	0.15			65			144,693	0.18
Commercial real estate		2			36,968	0.01			2			37,471	0.02			1			36,749	—			(1	)		36,676	(0.01	)
Commercial lease financing		(40	)		20,762	(0.26	)		—			20,875	—			(17	)		20,896	(0.33	)		(23	)		20,512	(0.45	)
Commercial - foreign		(7	)		24,088	(0.03	)		(13	)		24,761	(0.21	)		5			24,345	0.08			1			23,139	0.01

Total commercial		185			230,564	0.11			100			236,114	0.17			43			230,435	0.07			42			225,020	0.08

Total net charge-offs	$	3,385		$	641,909	0.70		$	1,303		$	673,477	0.77		$	1,050		$	635,649	0.66		$	1,032		$	615,968	0.68

(1)

Percentage amounts are calculated as annualized net charge-offs divided by average outstanding loans and leases during the period for each loan category.

(2)

The impact of SOP 03-3 on average outstanding loans and leases for the three months ended September 30, 2006, June 30, 2006 and March 31, 2006, and the nine months ended September 30, 2006 was immaterial.

This information is preliminary and based on company data available at the time of the presentation.