Supplemental Information

Exhibit 99.2

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Supplemental Information

First Quarter 2007

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

Table of Contents


		Page
Consolidated Financial Highlights		2
Supplemental Financial Data		3
Consolidated Statement of Income		4
Consolidated Balance Sheet		5
Capital Management		6
Core Net Interest Income - Managed Basis		7
Quarterly Average Balances and Interest Rates		8
Quarterly Average Balances and Interest Rates - Isolating Hedge Income/Expense		9
Business Segment View Graphs		10
Global Consumer and Small Business Banking
Total Segment Results		11
Quarter-to-Date Business Results		12
Customer Relationship View		13
Key Indicators		14
E-commerce & BankofAmerica.com		15
Credit Card Only		16
Global Corporate and Investment Banking
Total Segment Results		17
Quarter-to-Date Business Results		18
Customer Relationship View		19
Business Lending Key Indicators		20
Capital Markets and Advisory Services Key Indicators		21
Securities Market Share and Industry Ranking Graph		22
Global Wealth and Investment Management
Total Segment Results		23
Quarter-to-Date Business Results		24
Key Indicators		25
All Other
Total Segment Results		26
Outstanding Loans & Leases		27
Commercial Credit Exposure by Industry		28
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating		29
Selected Emerging Markets		30
Nonperforming Assets		31
Quarterly Net Charge-offs and Net Charge-offs Ratios		32

Exhibit A: Non - GAAP Reconciliations
Global Consumer and Small Business Banking - Reconciliation - Managed to GAAP		33
All Other - Reconciliation - Reported Basis to As Adjusted		34
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		35

Bank of America Corporation

Consolidated Financial Highlights

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


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Income statement
Net interest income	$	8,268		$	8,599		$	8,586		$	8,630		$	8,776
Noninterest income		9,825			9,866			10,067			9,598			8,901
Total revenue		18,093			18,465			18,653			18,228			17,677
Provision for credit losses		1,235			1,570			1,165			1,005			1,270
Gains (losses) on sales of debt securities		62			21			(469	)		(9	)		14
Noninterest expense		9,097			9,093			8,863			8,717			8,924
Income tax expense		2,568			2,567			2,740			3,022			2,511
Net income		5,255			5,256			5,416			5,475			4,986
Diluted earnings per common share		1.16			1.16			1.18			1.19			1.07
Average diluted common shares issued and outstanding		4,497,028			4,536,696			4,570,558			4,601,169			4,666,405
Dividends paid per common share	$	0.56		$	0.56		$	0.56		$	0.50		$	0.50

Performance ratios
Return on average assets		1.40	%		1.39	%		1.43	%		1.51	%		1.43	%
Return on average common shareholders’ equity		16.16			15.76			16.64			17.26			15.44

At period end
Book value per share of common stock	$	29.74		$	29.70		$	29.52		$	28.17		$	28.19

Market price per share of common stock:
Closing price	$	51.02		$	53.39		$	53.57		$	48.10		$	45.54
High closing price for the period		54.05			54.90			53.57			50.47			47.08
Low closing price for the period		49.46			51.66			47.98			45.48			43.09
Market capitalization		226,481			238,021			240,966			217,794			208,633

Number of banking centers - domestic		5,737			5,747			5,722			5,779			5,786
Number of branded ATMs - domestic		17,117			17,079			16,846			16,984			16,716
Full-time equivalent employees		199,429			203,425			200,220			201,898			202,503

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

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


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Net interest income	$	8,597		$	8,955		$	8,894		$	8,926		$	9,040
Total revenue		18,422			18,821			18,961			18,524			17,941
Net interest yield		2.61	%		2.75	%		2.73	%		2.85	%		2.98	%
Efficiency ratio		49.38			48.31			46.75			47.06			49.74

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 March 31, 2007, December 31, 2006, September 30, 2006, June 30, 2006, and March 31, 2006.

Reconciliation of net income to operating earnings


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Net income	$	5,255		$	5,256		$	5,416		$	5,475		$	4,986
Merger and restructuring charges		111			244			269			194			98
Related income tax benefit		(41	)		(90	)		(100	)		(71	)		(37	)

Operating earnings	$	5,325		$	5,410		$	5,585		$	5,598		$	5,047


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

Average shareholders’ equity	$	133,588		$	134,047		$	129,262		$	127,373		$	131,153
Average goodwill		(65,703	)		(65,766	)		(66,077	)		(66,226	)		(66,094	)

Average tangible shareholders’ equity	$	67,885		$	68,281		$	63,185		$	61,147		$	65,059


Operating basis

Diluted earnings per common share	$	1.17		$	1.19		$	1.22		$	1.22		$	1.08
Return on average assets		1.42	%		1.44	%		1.48	%		1.54	%		1.45	%
Return on average common shareholders’ equity		16.38			16.22			17.16			17.65			15.63
Return on average tangible shareholders’ equity		31.81			31.44			35.07			36.72			31.46
Efficiency ratio ⁽¹⁾		48.78			47.02			45.33			46.01			49.19

Reconciliation of net income to shareholder value added

Net income	$	5,255		$	5,256		$	5,416		$	5,475		$	4,986
Amortization of intangibles		389			433			441			441			440
Merger and restructuring charges, net of tax benefit		70			154			169			123			61
Capital charge		(3,546	)		(3,659	)		(3,580	)		(3,485	)		(3,550	)

Shareholder value added	$	2,168		$	2,184		$	2,446		$	2,554		$	1,937

(1)

Fully taxable-equivalent basis

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

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

Bank of America Corporation

Consolidated Statement of Income

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


	First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Interest income
Interest and fees on loans and leases	$	12,884	$	12,705	$	12,638		$	11,804		$	11,127
Interest and dividends on debt securities		2,380		2,440		3,080			3,121			3,014
Federal funds sold and securities purchased under agreements to resell		1,979		2,068		2,146			1,900			1,709
Trading account assets		2,273		2,201		1,856			1,627			1,548
Other interest income		1,044		1,077		952			845			727

Total interest income		20,560		20,491		20,672			19,297			18,125

Interest expense
Deposits		4,034		3,989		3,976			3,508			3,007
Short-term borrowings		5,318		5,222		5,467			4,842			4,309
Trading account liabilities		892		800		727			596			517
Long-term debt		2,048		1,881		1,916			1,721			1,516

Total interest expense		12,292		11,892		12,086			10,667			9,349

Net interest income		8,268		8,599		8,586			8,630			8,776

Noninterest income
Card income		3,333		3,719		3,473			3,664			3,434
Service charges		2,072		2,099		2,147			2,077			1,901
Investment and brokerage services		1,149		1,122		1,085			1,146			1,103
Investment banking income		638		694		510			612			501
Equity investment gains		1,014		1,067		705			699			718
Trading account profits		872		460		731			915			1,060
Mortgage banking income		213		126		189			89			137
Other income		534		579		1,227			396			47

Total noninterest income		9,825		9,866		10,067			9,598			8,901

Total revenue		18,093		18,465		18,653			18,228			17,677

Provision for credit losses		1,235		1,570		1,165			1,005			1,270

Gains (losses) on sales of debt securities		62		21		(469	)		(9	)		14

Noninterest expense
Personnel		5,025		4,444		4,474			4,480			4,813
Occupancy		713		726		696			703			701
Equipment		350		351		318			316			344
Marketing		555		623		587			551			575
Professional fees		229		368		259			233			218
Amortization of intangibles		389		433		441			441			440
Data processing		437		487		426			409			410
Telecommunications		251		260		237			228			220
Other general operating		1,037		1,157		1,156			1,162			1,105
Merger and restructuring charges		111		244		269			194			98

Total noninterest expense		9,097		9,093		8,863			8,717			8,924

Income before income taxes		7,823		7,823		8,156			8,497			7,497
Income tax expense		2,568		2,567		2,740			3,022			2,511

Net income	$	5,255	$	5,256	$	5,416		$	5,475		$	4,986

Net income available to common shareholders	$	5,209	$	5,243	$	5,416		$	5,471		$	4,981

Per common share information
Earnings	$	1.18	$	1.17	$	1.20		$	1.21		$	1.08

Diluted earnings	$	1.16	$	1.16	$	1.18		$	1.19		$	1.07

Dividends paid	$	0.56	$	0.56	$	0.56		$	0.50		$	0.50

Average common shares issued and outstanding		4,432,664		4,464,110		4,499,704			4,534,627			4,609,481

Average diluted common shares issued and outstanding		4,497,028		4,536,696		4,570,558			4,601,169			4,666,405

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

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

Bank of America Corporation

Consolidated Balance Sheet

(Dollars in millions)


	March 31 2007			December 31 2006			March 31 2006
Assets
Cash and cash equivalents	$	31,549		$	36,429		$	32,575
Time deposits placed and other short-term investments		12,037			13,952			11,157
Federal funds sold and securities purchased under agreements to resell		138,646			135,478			137,081
Trading account assets		174,218			153,052			117,181
Derivative assets		25,279			23,439			23,291
Debt securities:
Available-for-sale		180,961			192,806			237,987
Held-to-maturity, at cost		925			40			86

Total debt securities		181,886			192,846			238,073

Loans and leases		723,633			706,490			619,525
Allowance for loan and lease losses		(8,732	)		(9,016	)		(9,067	)

Loans and leases, net of allowance		714,901			697,474			610,458

Premises and equipment, net		9,271			9,255			9,267
Mortgage servicing rights (includes $2,963; $2,869 and $2,925 measured at fair value at March 31, 2007, December 31, 2006 and March 31, 2006)		3,141			3,045			3,070
Goodwill		65,696			65,662			66,271
Intangible assets		9,217			9,422			10,681
Other assets		136,316			119,683			115,975

Total assets	$	1,502,157		$	1,459,737		$	1,375,080

Liabilities
Deposits in domestic offices:
Noninterest-bearing	$	174,082		$	180,231		$	179,358
Interest-bearing		425,197			418,100			415,769
Deposits in foreign offices:
Noninterest-bearing		3,346			4,577			6,874
Interest-bearing		90,176			90,589			80,448

Total deposits		692,801			693,497			682,449

Federal funds purchased and securities sold under agreements to repurchase		234,413			217,527			236,919
Trading account liabilities		77,289			67,670			51,100
Derivative liabilities		17,946			16,339			15,541
Commercial paper and other short-term borrowings		156,844			141,300			99,389
Accrued expenses and other liabilities (includes $374, $397, and $395 of reserve for unfunded lending commitments)		35,446			42,132			37,078
Long-term debt		152,562			146,000			123,178

Total liabilities		1,367,301			1,324,465			1,245,654

Shareholders’ equity
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 121,739; 121,739 and 1,090,189 shares		2,851			2,851			271
Common stock and additional paid-in capital, $0.01 par value; authorized - 7,500,000,000 shares; issued and outstanding - 4,439,069,837; 4,458,151,391 and 4,581,317,964 shares		60,536			61,574			68,705
Retained earnings ⁽¹⁾		79,996			79,024			70,204
Accumulated other comprehensive income (loss) ⁽²⁾		(7,660	)		(7,711	)		(8,981	)
Other		(867	)		(466	)		(773	)

Total shareholders’ equity		134,856			135,272			129,426

Total liabilities and shareholders’ equity	$	1,502,157		$	1,459,737		$	1,375,080

(1)

Effective January 1, 2007, the Corporation adopted Financial Accounting Standards Board (FASB) Staff Position No. FAS 13-2, “Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leveraged Lease Transaction” (FSP 13-2). The adoption of FSP 13-2 reduced the beginning balance of retained earnings by approximately $1.4 billion, net of tax, with a corresponding offset decreasing the net investment in leveraged leases. Effective January 1, 2007, the Corporation adopted Statement of Financial Accounting Standards (SFAS) No. 157, “Fair Value Measurements” and SFAS No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities” (SFAS 159), which reduced the beginning balance of retained earnings by $208 million, net of tax. In addition, the Corporation adopted FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes, an interpretation of FASB Statement No. 109” (FIN 48). The adoption of FIN 48 reduced the beginning balance of retained earnings by $146 million.

(2)

Effective December 31, 2006, the Corporation adopted SFAS No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements No. 87, 88, 106, and 132(R)”, which reduced Accumulated Other Comprehensive Income (Loss) by approximately $1.3 billion, net of tax.

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

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

Bank of America Corporation

Capital Management

(Dollars in millions)


	First Quarter 2007 ⁽¹⁾			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Risk-based capital:
Tier 1 capital	$	91,005		$	91,064		$	88,085		$	84,978		$	83,174
Total capital		126,850			125,226			119,074			114,738			111,422
Risk-weighted assets		1,062,020			1,054,533			1,039,283			1,019,828			984,190
Tier 1 capital ratio		8.57	%		8.64	%		8.48	%		8.33	%		8.45	%
Total capital ratio		11.94			11.88			11.46			11.25			11.32
Tangible equity ratio ⁽²⁾		4.20			4.35			4.22			3.76			4.04
Tier 1 leverage ratio		6.24			6.36			6.16			6.13			6.18

(1)

Preliminary data on risk-based capital

(2)

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

Share Repurchase Program

48.0 million common shares were repurchased in the first quarter of 2007 as a part of an ongoing share repurchase program.

215.1 million shares remain outstanding under the 2006 and 2007 authorized programs.

28.9 million shares were issued in the first quarter of 2007.

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*	Preliminary data on risk-based capital

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

Bank of America Corporation

Core Net Interest Income - Managed Basis

(Dollars in millions)


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Net interest income
As reported⁽¹⁾	$	8,597		$	8,955		$	8,894		$	8,926		$	9,040
Impact of market-based net interest income ⁽²⁾		(484	)		(488	)		(376	)		(380	)		(412	)

Core net interest income		8,113			8,467			8,518			8,546			8,628
Impact of securitizations		1,859			1,850			1,760			1,710			1,725

Core net interest income - managed basis	$	9,972		$	10,317		$	10,278		$	10,256		$	10,353

Average earning assets
As reported	$	1,321,946		$	1,299,461		$	1,302,366		$	1,253,895		$	1,219,611
Impact of market-based earning assets ⁽²⁾		(408,113	)		(405,811	)		(376,010	)		(357,617	)		(336,606	)

Core average earning assets		913,833			893,650			926,356			896,278			883,005
Impact of securitizations		102,529			100,786			98,722			96,776			96,268

Core average earning assets - managed basis	$	1,016,362		$	994,436		$	1,025,078		$	993,054		$	979,273

Net interest yield contribution
As reported⁽¹⁾		2.61	%		2.75	%		2.73	%		2.85	%		2.98	%
Impact of market-based activities		0.95			1.03			0.94			0.97			0.95

Core net interest yield on earning assets		3.56			3.78			3.67			3.82			3.93
Impact of securitizations		0.38			0.36			0.33			0.31			0.32

Core net interest yield on earning assets - managed basis		3.94	%		4.14	%		4.00	%		4.13	%		4.25	%

(1)

Fully taxable-equivalent basis

(2)

Represents amounts 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.

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

Bank of America Corporation

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

(Dollars in millions)


	First Quarter 2007						Fourth Quarter 2006						First Quarter 2006
	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	$	15,023	$	169	4.57	%	$	15,760	$	166	4.19	%	$	14,347	$	139	3.92	%
Federal funds sold and securities purchased under agreements to resell		166,195		1,979	4.79			174,167		2,068	4.73			174,711		1,709	3.94
Trading account assets		175,249		2,357	5.41			167,163		2,289	5.46			133,361		1,623	4.89
Debt securities ⁽¹⁾		186,498		2,451	5.27			193,601		2,504	5.17			234,606		3,043	5.19
Loans and leases ⁽²⁾:
Residential mortgage		246,618		3,504	5.69			225,985		3,202	5.66			184,796		2,524	5.48
Credit card - domestic		57,720		1,887	13.26			59,802		2,101	13.94			68,169		2,180	12.97
Credit card - foreign		11,133		317	11.55			10,375		305	11.66			8,403		287	13.86
Home equity ⁽³⁾		89,561		1,679	7.60			84,907		1,626	7.60			72,422		1,247	6.98
Direct/Indirect consumer		60,155		1,221	8.23			53,478		1,101	8.17			46,801		851	7.32
Other consumer ⁽⁴⁾		8,809		204	9.36			10,597		225	8.47			10,357		272	10.59

Total consumer		473,996		8,812	7.50			445,144		8,560	7.65			390,948		7,361	7.60

Commercial - domestic		163,620		2,934	7.27			158,604		2,907	7.27			144,693		2,490	6.97
Commercial real estate ⁽⁵⁾		36,117		672	7.55			36,851		704	7.58			36,676		632	6.99
Commercial lease financing		19,651		175	3.55			21,159		254	4.80			20,512		247	4.82
Commercial - foreign		20,658		330	6.48			21,840		337	6.12			23,139		427	7.48

Total commercial		240,046		4,111	6.94			238,454		4,202	7.00			225,020		3,796	6.83

Total loans and leases		714,042		12,923	7.31			683,598		12,762	7.42			615,968		11,157	7.32

Other earning assets		64,939		1,010	6.28			65,172		1,058	6.46			46,618		718	6.22

Total earning assets ⁽⁶⁾		1,321,946		20,889	6.37			1,299,461		20,847	6.39			1,219,611		18,389	6.08

Cash and cash equivalents		33,623						32,816						34,857
Other assets, less allowance for loan and lease losses		165,849						162,873						161,905

Total assets	$	1,521,418					$	1,495,150					$	1,416,373

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	32,773	$	41	0.50	%	$	32,965	$	48	0.58	%	$	35,550	$	76	0.87	%
NOW and money market deposit accounts		212,249		936	1.79			211,055		966	1.81			227,606		908	1.62
Consumer CDs and IRAs		159,505		1,832	4.66			154,621		1,794	4.60			135,068		1,177	3.53
Negotiable CDs, public funds and other time deposits		13,376		136	4.12			13,052		140	4.30			8,551		70	3.30

Total domestic interest-bearing deposits		417,903		2,945	2.86			411,693		2,948	2.84			406,775		2,231	2.22

Foreign interest-bearing deposits:
Banks located in foreign countries		40,372		531	5.34			38,648		507	5.21			30,116		424	5.71
Governments and official institutions		14,482		178	4.98			14,220		168	4.70			10,200		107	4.25
Time, savings and other		39,534		380	3.90			41,328		366	3.50			35,136		245	2.83

Total foreign interest-bearing deposits		94,388		1,089	4.68			94,196		1,041	4.38			75,452		776	4.17

Total interest-bearing deposits		512,291		4,034	3.19			505,889		3,989	3.13			482,227		3,007	2.53

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		414,104		5,318	5.20			405,748		5,222	5.11			399,896		4,309	4.37
Trading account liabilities		77,635		892	4.66			75,261		800	4.21			52,466		517	3.99
Long-term debt		148,627		2,048	5.51			140,756		1,881	5.34			117,018		1,516	5.18

Total interest-bearing liabilities ⁽⁶⁾		1,152,657		12,292	4.31			1,127,654		11,892	4.19			1,051,607		9,349	3.60

Noninterest-bearing sources:
Noninterest-bearing deposits		174,413						174,356						177,594
Other liabilities		60,760						59,093						56,019
Shareholders’ equity		133,588						134,047						131,153

Total liabilities and shareholders’ equity	$	1,521,418					$	1,495,150					$	1,416,373

Net interest spread					2.06	%					2.20	%					2.48	%
Impact of noninterest-bearing sources					0.55						0.55						0.50

Net interest income/yield on earning assets			$	8,597	2.61	%			$	8,955	2.75	%			$	9,040	2.98	%

(1)

Yields on AFS debt securities are calculated based on fair value rather than historical cost balances. The use of fair value does not have a material impact on net interest yield.

(2)

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

(3)

Includes home equity loans of $13.5 billion in the first quarter of 2007, and $11.7 billion and $8.2 billion in the fourth and first quarters of 2006.

(4)

Includes consumer finance loans of $3.0 billion in the first quarter of 2007, and $2.8 billion and $3.0 billion in the fourth and first quarters of 2006; and foreign consumer loans of $5.8 billion in the first quarter of 2007, and $7.8 billion and $7.3 billion in the fourth and first quarters of 2006.

(5)

Includes domestic commercial real estate loans of $35.5 billion in the first quarter of 2007, and $36.1 billion and $36.0 billion in the fourth and first quarters of 2006.

(6)

Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on the underlying assets $(121) million in the first quarter of 2007, and $(198) million and $8 million in the fourth and first quarters of 2006. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on the underlying liabilities $179 million in the first quarter of 2007, and $(69) million and $136 million in the fourth and first quarters of 2006.

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

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

Bank of America Corporation

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

(Dollars in millions)


	First Quarter 2007							Fourth Quarter 2006							First Quarter 2006
	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⁾	$	15,023	$	196		5.29	%	$	15,760	$	199		5.01	%	$	14,347	$	142		4.01	%
Federal funds sold and securities purchased under agreements to resell⁽²⁾		166,195		2,085		5.04			174,167		2,223		5.09			174,711		1,800		4.15
Trading account assets		175,249		2,357		5.41			167,163		2,289		5.46			133,361		1,623		4.89
Debt securities ⁽²⁾		186,498		2,455		5.27			193,601		2,509		5.18			234,606		3,043		5.19
Loans and leases:
Residential mortgage		246,618		3,504		5.69			225,985		3,202		5.66			184,796		2,524		5.48
Credit card - domestic		57,720		1,887		13.26			59,802		2,101		13.94			68,169		2,180		12.97
Credit card - foreign		11,133		317		11.55			10,375		305		11.66			8,403		287		13.86
Home equity		89,561		1,679		7.60			84,907		1,626		7.60			72,422		1,247		6.98
Direct/Indirect consumer		60,155		1,221		8.23			53,478		1,101		8.17			46,801		851		7.32
Other consumer		8,809		204		9.36			10,597		225		8.47			10,357		272		10.59

Total consumer		473,996		8,812		7.50			445,144		8,560		7.65			390,948		7,361		7.60

Commercial - domestic⁽²⁾		163,620		2,933		7.27			158,604		2,918		7.30			144,693		2,379		6.66
Commercial real estate		36,117		672		7.55			36,851		704		7.58			36,676		632		6.99
Commercial lease financing		19,651		175		3.55			21,159		254		4.80			20,512		247		4.82
Commercial - foreign ⁽²⁾		20,658		312		6.12			21,840		332		6.02			23,139		426		7.46

Total commercial		240,046		4,092		6.91			238,454		4,208		7.01			225,020		3,684		6.63

Total loans and leases		714,042		12,904		7.30			683,598		12,768		7.42			615,968		11,045		7.24

Other earning assets⁽²⁾		64,939		1,013		6.29			65,172		1,057		6.46			46,618		728		6.31

Total earning assets - excluding hedge impact		1,321,946		21,010		6.41			1,299,461		21,045		6.45			1,219,611		18,381		6.07

Net derivative income (expense) on assets				(121	)						(198	)						8

Total earning assets - including hedge impact		1,321,946		20,889		6.37			1,299,461		20,847		6.39			1,219,611		18,389		6.08

Cash and cash equivalents		33,623							32,816							34,857
Other assets, less allowance for loan and lease losses		165,849							162,873							161,905

Total assets	$	1,521,418						$	1,495,150						$	1,416,373

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	32,773	$	41		0.50	%	$	32,965	$	48		0.58	%	$	35,550	$	76		0.87	%
NOW and money market deposit accounts⁽²⁾		212,249		931		1.78			211,055		962		1.81			227,606		906		1.61
Consumer CDs and IRAs⁽²⁾		159,505		1,638		4.16			154,621		1,598		4.10			135,068		1,022		3.07
Negotiable CDs, public funds and other time deposits⁽²⁾		13,376		134		4.05			13,052		138		4.24			8,551		68		3.21

Total domestic interest-bearing deposits		417,903		2,744		2.66			411,693		2,746		2.65			406,775		2,072		2.07

Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾		40,372		529		5.32			38,648		515		5.30			30,116		403		5.43
Governments and official institutions		14,482		178		4.98			14,220		168		4.70			10,200		107		4.25
Time, savings and other		39,534		380		3.90			41,328		366		3.50			35,136		245		2.83

Total foreign interest-bearing deposits		94,388		1,087		4.67			94,196		1,049		4.42			75,452		755		4.06

Total interest-bearing deposits		512,291		3,831		3.03			505,889		3,795		2.98			482,227		2,827		2.38

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾		414,104		5,466		5.35			405,748		5,522		5.40			399,896		4,375		4.43
Trading account liabilities		77,635		892		4.66			75,261		800		4.21			52,466		517		3.99
Long-term debt⁽²⁾		148,627		1,924		5.18			140,756		1,844		5.24			117,018		1,494		5.11

Total interest-bearing liabilities - excluding hedge impact		1,152,657		12,113		4.25			1,127,654		11,961		4.21			1,051,607		9,213		3.54

Net derivative (income) expense on liabilities				179							(69	)						136

Total interest-bearing liabilities - including hedge impact		1,152,657		12,292		4.31			1,127,654		11,892		4.19			1,051,607		9,349		3.60

Noninterest-bearing sources:
Noninterest-bearing deposits		174,413							174,356							177,594
Other liabilities		60,760							59,093							56,019
Shareholders’ equity		133,588							134,047							131,153

Total liabilities and shareholders’ equity	$	1,521,418						$	1,495,150						$	1,416,373

Net interest spread						2.16							2.24							2.53
Impact of noninterest-bearing sources						0.54							0.55							0.49

Net interest income/yield on earning assets - excluding hedge impact			$	8,897		2.70	%			$	9,084		2.79	%			$	9,168		3.02	%

Net impact of derivative hedge income (expense)				(300	)	(0.09	)				(129	)	(0.04	)				(128	)	(0.04	)

Net interest income/yield on earning assets			$	8,597		2.61	%			$	8,955		2.75	%			$	9,040		2.98	%

(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 $(27) million, federal funds sold and securities purchased under agreements to resell $(106) million, debt securities $(4) million, commercial - domestic $1 million, commercial - foreign $18 million, and other earning assets $(3) million in the first quarter of 2007. 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 $194 million, negotiable CDs, public funds and other time deposits $2 million, banks located in foreign countries $2 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(148) million, and long-term debt $124 million in the first quarter of 2007. 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 $(33) million, federal funds sold and securities purchased under agreements to resell $(155) million, debt securities $(5) million, commercial - domestic $(11) million, commercial - foreign $5 million, and other earning assets $1 million in the fourth 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 $4 million, consumer CDs and IRAs $196 million, negotiable CDs, public funds and other time deposits $2 million, banks located in foreign countries $(8) million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(300) million, and long-term debt $37 million in the fourth 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 $(3) million, federal funds sold and securities purchased under agreements to resell $(91) million, commercial - domestic $111 million, commercial - foreign $1 million, and other earning assets $(10) million in the first 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 $2 million, consumer CDs and IRAs $155 million, negotiable CDs, public funds and other time deposits $2 million, banks located in foreign countries $21 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(66) million and long-term debt $22 million in the first quarter of 2006.

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

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

Bank of America Corporation

Business Segment View

Net Income

First Quarter 2007

LOGO

(1)

Fully taxable-equivalent basis

(2)

Global Consumer and Small Business Banking is presented on a managed view, specifically Card Services, with a corresponding offset to All Other.

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, 2)}

(Dollars in millions; except as noted)


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Net interest income ⁽³⁾	$	7,028		$	7,157		$	7,027		$	6,968		$	7,092
Noninterest income
Card income		2,451			2,707			2,446			2,528			2,107
Service charges		1,377			1,394			1,410			1,349			1,190
Mortgage banking income		302			247			215			210			205
All other income		264			255			383			323			248

Total noninterest income		4,394			4,603			4,454			4,410			3,750

Total revenue ⁽³⁾		11,422			11,760			11,481			11,378			10,842

Managed credit impact		2,411			2,777			2,049			1,807			1,901
Gains (losses) on sales of debt securities		(1	)		(1	)		—			—			(1	)
Noninterest expense		4,728			4,852			4,710			4,509			4,612

Income before income taxes ⁽³⁾		4,282			4,130			4,722			5,062			4,328
Income tax expense		1,586			1,524			1,736			1,858			1,604

Net income	$	2,696		$	2,606		$	2,986		$	3,204		$	2,724


Shareholder value added	$	1,346		$	1,256		$	1,622		$	1,834		$	1,311
Net interest yield ⁽³⁾		8.25	%		8.39	%		8.27	%		8.15	%		8.35	%
Return on average equity		17.58			16.63			18.85			20.14			16.73
Efficiency ratio ⁽³⁾		41.40			41.27			41.02			39.63			42.54

Balance sheet⁽²⁾

Average
Total loans and leases	$	308,105		$	299,615		$	291,195		$	282,554		$	279,382
Total earning assets ⁽⁴⁾		345,511			338,541			337,022			343,086			344,423
Total assets ⁽⁴⁾		400,576			393,383			392,979			396,046			396,821
Total deposits		326,552			327,962			332,578			336,105			332,702
Allocated equity		62,194			62,179			62,862			63,810			66,034

Period end
Total loans and leases	$	309,992		$	307,687		$	294,207		$	286,059		$	278,197
Total earning assets ⁽⁴⁾		349,694			339,578			340,112			337,130			351,772
Total assets ⁽⁴⁾		407,654			398,286			398,206			396,142			406,032
Total deposits		334,968			329,245			332,844			338,827			342,521

Period end (in billions)
Mortgage servicing portfolio	$	345.1		$	333.0		$	323.3		$	313.0		$	302.4

(1)

Global Consumer and Small Business Banking has three primary businesses: Deposits, Card Services and Consumer Real Estate. In addition, ALM/Other includes the results of ALM activities and other consumer-related businesses (e.g., insurance). Effective January 1, 2007, Global Consumer and Small Business Banking combined the former Mortgage and Home Equity businesses into Consumer Real Estate.

(2)

Presented on a managed view, specifically Card Services. (See Exhibit A: Non-GAAP Reconciliations - Global Consumer and Small Business Banking - Reconciliation - Managed to GAAP on page 33.)

(3)

Fully taxable-equivalent basis

(4)

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.

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

(Dollars in millions)


	Three Months Ended March 31, 2007
	Total⁽¹⁾			Deposits ⁽²⁾			Card Services ⁽¹⁾			Consumer Real Estate⁽³⁾			ALM/ Other
Net interest income ⁽⁴⁾	$	7,028		$	2,367		$	3,990		$	524		$	147
Noninterest income
Card income		2,451			500			1,951			—			—
Service charges		1,377			1,376			—			1			—
Mortgage banking income		302			—			—			302			—
All other income		264			—			189			13			62

Total noninterest income		4,394			1,876			2,140			316			62

Total revenue ⁽⁴⁾		11,422			4,243			6,130			840			209

Managed credit impact		2,411			39			2,299			29			44
Gains (losses) on sales of debt securities		(1	)		—			—			—			(1	)
Noninterest expense		4,728			2,157			2,000			450			121

Income before income taxes ⁽⁴⁾		4,282			2,047			1,831			361			43
Income tax expense		1,586			759			678			134			15

Net income	$	2,696		$	1,288		$	1,153		$	227		$	28


Shareholder value added	$	1,346		$	955		$	227		$	130		$	34
Net interest yield ⁽⁴⁾		8.25	%		2.86	%		8.02	%		2.13	%		n/m
Return on average equity		17.58			35.00			10.64			25.82			n/m
Efficiency ratio ⁽⁴⁾		41.40			50.82			32.63			53.53			n/m
Average - total loans and leases	$	308,105			n/m		$	201,166		$	95,631			n/m
Average - total deposits		326,552		$	320,945			n/m			n/m			n/m
Period end - total assets ⁽⁵⁾		407,654			344,143			234,601			105,959			n/m

	Three Months Ended March 31, 2006
	Total⁽¹⁾			Deposits ⁽²⁾			Card Services ⁽¹⁾			Consumer Real Estate⁽³⁾			ALM/ Other
Net interest income ⁽⁴⁾	$	7,092		$	2,288		$	4,139		$	478		$	187
Noninterest income
Card income		2,107			430			1,677			—			—
Service charges		1,190			1,189			—			1			—
Mortgage banking income		205			—			—			205			—
All other income		248			—			184			13			51

Total noninterest income		3,750			1,619			1,861			219			51

Total revenue ⁽⁴⁾		10,842			3,907			6,000			697			238

Managed credit impact		1,901			28			1,809			14			50
Gains (losses) on sales of debt securities		(1	)		—			—			—			(1	)
Noninterest expense		4,612			2,166			1,945			411			90

Income before income taxes ⁽⁴⁾		4,328			1,713			2,246			272			97
Income tax expense		1,604			634			833			101			36

Net income	$	2,724		$	1,079		$	1,413		$	171		$	61


Shareholder value added	$	1,311		$	770		$	477		$	92		$	(28	)
Net interest yield ⁽⁴⁾		8.35	%		2.72	%		8.93	%		2.22	%		n/m
Return on average equity		16.73			30.10			12.68			23.79			n/m
Efficiency ratio ⁽⁴⁾		42.54			55.47			32.41			59.07			n/m
Average - total loans and leases	$	279,382			n/m		$	186,686		$	81,413			n/m
Average - total deposits		332,702		$	327,198			n/m			n/m			n/m
Period end - total assets ⁽⁵⁾		406,032			351,937			215,333			91,030			n/m

(1)

Presented on a managed view, specifically Card Services.

(2)

For the three months ended March 31, 2007 and 2006, a total of $3.6 billion and $3.2 billion of deposits were migrated from Global Consumer and Small Business Banking to Global Wealth and Investment Management.

(3)

Effective January 1, 2007, Global Consumer and Small Business Banking combined the former Mortgage and Home Equity businesses into Consumer Real Estate.

(4)

Fully taxable-equivalent basis

(5)

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.

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⁽¹⁾

(Dollars in millions)


	Three Months Ended March 31, 2007								Three Months Ended March 31, 2006
	Total			Consumer			Mass Market and Small Business Banking		Total			Consumer			Mass Market and Small Business Banking
Net interest income ⁽²⁾	$	7,028		$	6,152		$	876	$	7,092		$	6,345		$	747
Noninterest income		4,394			3,839			555		3,750			3,259			491

Total revenue ⁽²⁾		11,422			9,991			1,431		10,842			9,604			1,238

Managed credit impact		2,411			2,128			283		1,901			1,756			145
Gains (losses) on sales of debt securities		(1	)		(1	)		—		(1	)		(1	)		—
Noninterest expense		4,728			4,286			442		4,612			4,172			440

Income before income taxes⁽²⁾		4,282			3,576			706		4,328			3,675			653
Income tax expense		1,586			1,326			260		1,604			1,363			241

Net income	$	2,696		$	2,250		$	446	$	2,724		$	2,312		$	412

(1)

Presented on a managed view, specifically Card Services.

(2)

Fully taxable-equivalent basis

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 Consumer and Small Business Banking - Key Indicators

(Dollars in millions; except as noted)


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Deposits Key Indicators
Average Deposit Balances
Checking	$	125,127		$	124,441		$	125,809		$	128,737		$	127,362
Savings		29,732			29,889			31,058			32,303			31,954
MMS		64,159			66,066			69,049			72,242			75,635
CD’s & IRA’s		99,563			99,165			97,514			93,803			89,713
Foreign and other		2,364			2,330			2,600			2,817			2,534

Total	$	320,945		$	321,891		$	326,030		$	329,902		$	327,198

Total balances migrated to Premier Banking and Investments	$	3,551		$	3,667		$	1,671		$	2,111		$	3,238

Deposit Spreads (excludes noninterest costs)
Checking		4.24	%		4.23	%		4.19	%		4.18	%		4.17	%
Savings		3.77			3.70			3.45			3.40			3.38
MMS		3.42			3.25			2.87			2.76			2.53
CD’s & IRA’s		1.13			1.11			1.21			1.24			1.24
Foreign and other		4.41			4.27			4.23			4.25			4.27
Total		3.05			3.00			2.93			2.94			2.90

Net new retail checking (units in thousands)		487			363			744			701			603
Debit purchase volumes	$	43,569		$	45,121		$	42,790		$	42,596		$	38,519

Online Banking (end of period)
Active accounts (units in thousands)		21,813			21,250			20,576			19,806			19,643
Active billpay accounts (units in thousands)		11,285			11,101			10,838			10,410			10,088

Card Services Key Indicators
Managed Card - US Consumer and Business Card
Gross interest yield		12.85	%		12.98	%		12.85	%		12.52	%		12.54	%
Risk adjusted margin ⁽¹⁾		7.82			8.74			8.84			9.50			10.39
Loss rates		4.81			4.57			4.18			3.55			3.07
Average outstandings	$	147,980		$	146,939		$	145,518		$	143,443		$	144,665
Ending outstandings		146,013			150,731			145,891			144,142			142,409
New account growth (in thousands)		2,134			2,488			2,516			2,328			2,157
Purchase volumes	$	55,517		$	62,073		$	60,662		$	59,817		$	53,507
Delinquencies
30 Day		5.44	%		5.49	%		5.14	%		4.73	%		4.48	%
90 Day		2.88			2.66			2.38			2.30			2.04
Merchant Acquiring Business
Processing volume	$	82,828		$	95,173		$	97,044		$	97,229		$	88,324
Total transactions (units in thousands)		1,912			2,102			2,101			2,069			1,887

Consumer Real Estate
Mortgage servicing rights period end balance	$	2,963		$	2,869		$	2,932		$	3,083		$	2,925
Capitalized mortgage servicing rights (% of loans serviced)		127	bps		125	bps		127	bps		139	bps		132	bps
Mortgage loans serviced for investors (in billions)	$	234		$	230		$	230		$	221		$	221
Global Consumer and Small Business Banking
Mortgage originations	$	20,646		$	21,370		$	19,095		$	20,968		$	15,480
Home equity originations		15,966			17,004			16,984			16,915			14,701
Total Corporation
Mortgage originations		23,449			23,701			21,222			23,372			17,212
Home equity originations		19,653			20,425			20,681			21,141			18,562

(1)

Reflects margin and noninterest revenue, adjusted for loss rates.

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

E-Commerce & BankofAmerica.com

Bank of America has the largest active online banking customer base with 21.8 million subscribers.

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

11.3 million active bill pay users paid $55.4 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 374 companies are presenting 27 million e-bills per quarter.

LOGO

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

Bank of America Corporation

Credit Card Only ⁽¹⁾

(Dollars in millions)


Key Measures - Credit Card Data	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Loans
Period end:
Held credit card outstandings	$	65,920		$	72,194		$	70,067		$	71,566		$	72,279
Securitizations impact		99,495			98,295			94,389			90,564			87,154

Managed credit card outstandings	$	165,415		$	170,489		$	164,456		$	162,130		$	159,433

Average:
Held credit card outstandings	$	68,853		$	70,177		$	71,963		$	73,285		$	76,572
Securitizations impact		98,539			95,815			92,175			88,032			85,566

Managed credit card outstandings	$	167,392		$	165,992		$	164,138		$	161,317		$	162,138

Credit Quality
Charge-Offs $:
Held net charge-offs	$	894		$	963		$	923		$	780		$	653
Securitizations impact		1,059			943			825			694			593

Managed credit card net losses	$	1,953		$	1,906		$	1,748		$	1,474		$	1,246

Charge-Offs %:
Held net charge-offs		5.27	%		5.44	%		5.09	%		4.27	%		3.46	%
Securitizations impact		(0.54	)		(0.88	)		(0.86	)		(0.60	)		(0.34	)

Managed credit card net losses		4.73	%		4.56	%		4.23	%		3.67	%		3.12	%

30+ Delinquency $:
Held delinquency	$	3,660		$	4,347		$	4,234		$	3,874		$	3,306
Securitizations impact		5,144			4,815			4,152			3,831			3,924

Managed delinquency	$	8,804		$	9,162		$	8,386		$	7,705		$	7,230

30+ Delinquency %:
Held delinquency		5.55	%		6.02	%		6.04	%		5.41	%		4.57	%
Securitizations impact		(0.23	)		(0.65	)		(0.94	)		(0.66	)		(0.03	)

Managed delinquency		5.32	%		5.37	%		5.10	%		4.75	%		4.54	%

90+ Delinquency $:
Held delinquency	$	1,986		$	2,175		$	2,036		$	1,919		$	1,540
Securitizations impact		2,633			2,261			1,860			1,826			1,767

Managed delinquency	$	4,619		$	4,436		$	3,896		$	3,745		$	3,307

90+ Delinquency %:
Held delinquency		3.01	%		3.01	%		2.91	%		2.68	%		2.13	%
Securitizations impact		(0.22	)		(0.41	)		(0.54	)		(0.37	)		(0.06	)

Managed delinquency		2.79	%		2.60	%		2.37	%		2.31	%		2.07	%

(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

Global Corporate and Investment Banking Segment Results

(Dollars in millions)


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Net interest income ⁽¹⁾	$	2,412		$	2,503		$	2,398		$	2,440		$	2,489
Noninterest income
Service charges		653			659			676			663			650
Investment and brokerage services		232			225			225			246			246
Investment banking income		703			756			554			644			522
Trading account profits		838			429			706			855			976
All other income		483			479			399			470			385

Total noninterest income		2,909			2,548			2,560			2,878			2,779

Total revenue ⁽¹⁾		5,321			5,051			4,958			5,318			5,268

Provision for credit losses		115			(73	)		36			22			25
Gains (losses) on sales of debt securities		2			13			11			(4	)		14
Noninterest expense		2,900			2,968			2,797			2,764			2,832

Income before income taxes ⁽¹⁾		2,308			2,169			2,136			2,528			2,425
Income tax expense		861			803			788			934			901

Net income	$	1,447		$	1,366		$	1,348		$	1,594		$	1,524


Shareholder value added	$	372		$	292		$	274		$	472		$	425
Net interest yield ⁽¹⁾		1.50	%		1.52	%		1.54	%		1.65	%		1.77	%
Return on average equity		14.36			13.49			13.31			15.08			14.72
Efficiency ratio ⁽¹⁾		54.49			58.79			56.40			51.98			53.75

Balance sheet

Average
Total loans and leases	$	247,898		$	239,385		$	234,634		$	230,908		$	224,907
Total trading-related assets		360,530			361,247			339,119			330,816			315,733
Total market-based earning assets ⁽²⁾		408,113			405,811			376,010			357,617			336,606
Total earning assets		650,353			652,272			618,931			594,849			568,845
Total assets		733,036			732,017			696,738			680,836			648,612
Total deposits		208,488			204,395			194,728			193,620			186,626
Allocated equity		40,865			40,144			40,186			42,389			42,009

Period end
Total loans and leases	$	249,861		$	242,674		$	235,807		$	234,469		$	226,974
Total trading-related assets		333,681			309,097			296,054			292,891			266,822
Total market-based earning assets ⁽²⁾		384,294			347,624			337,740			322,574			292,515
Total earning assets		628,831			599,300			581,733			566,576			527,234
Total assets		713,868			683,239			664,748			646,688			611,208
Total deposits		210,055			211,979			191,552			191,661			186,817

(1)

Fully taxable-equivalent basis

(2)

Total market-based earning assets represents earning assets from the Capital Markets and Advisory Services business.

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 Business Results

(Dollars in millions)


	Three Months Ended March 31, 2007
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽¹⁾	$	2,412		$	1,075		$	484		$	933		$	(80	)
Noninterest income
Service charges		653			125			27			501			—
Investment and brokerage services		232			—			221			11			—
Investment banking income		703			—			703			—			—
Trading account profits		838			(3	)		822			12			7
All other income		483			151			101			167			64

Total noninterest income		2,909			273			1,874			691			71

Total revenue ⁽¹⁾		5,321			1,348			2,358			1,624			(9	)

Provision for credit losses		115			105			11			1			(2	)
Gains on sales of debt securities		2			—			2			—			—
Noninterest expense		2,900			516			1,508			846			30

Income before income taxes ⁽¹⁾		2,308			727			841			777			(37	)
Income tax expense (benefit)		861			269			313			288			(9	)

Net income	$	1,447		$	458		$	528		$	489		$	(28	)


Shareholder value added	$	372		$	95		$	214		$	297		$	(234	)
Net interest yield ⁽¹⁾		1.50	%		1.88	%		n/m			2.70	%		n/m
Return on average equity		14.36			12.97			18.44	%		27.00			n/m
Efficiency ratio ⁽¹⁾		54.49			38.27			63.99			52.07			n/m
Average - total loans and leases	$	247,898		$	228,473		$	14,124		$	4,292			n/m
Average - total deposits		208,488			n/m			59,000			148,926			n/m
Period end - total assets ⁽²⁾		713,868			249,151			423,545			162,952			n/m

	Three Months Ended March 31, 2006
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽¹⁾	$	2,489		$	1,161		$	412		$	947		$	(31	)
Noninterest income
Service charges		650			125			33			492			—
Investment and brokerage services		246			4			234			8			—
Investment banking income		522			—			522			—			—
Trading account profits		976			15			946			12			3
All other income		385			56			141			171			17

Total noninterest income		2,779			200			1,876			683			20

Total revenue ⁽¹⁾		5,268			1,361			2,288			1,630			(11	)

Provision for credit losses		25			16			3			6			—
Gains on sales of debt securities		14			9			5			—			—
Noninterest expense		2,832			505			1,473			817			37

Income before income taxes ⁽¹⁾		2,425			849			817			807			(48	)
Income tax expense (benefit)		901			314			303			299			(15	)

Net income	$	1,524		$	535		$	514		$	508		$	(33	)


Shareholder value added	$	425		$	115		$	215		$	301		$	(206	)
Net interest yield ⁽¹⁾		1.77	%		2.10	%		n/m			2.72	%		n/m
Return on average equity		14.72			13.12			18.84	%		25.79			n/m
Efficiency ratio ⁽¹⁾		53.75			37.22			64.35			50.12			n/m
Average - total loans and leases	$	224,907		$	210,801		$	9,414		$	3,822			n/m
Average - total deposits		186,626			n/m			39,546			146,566			n/m
Period end - total assets ⁽²⁾		611,208			231,592			332,595			164,709			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.

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 Business Results: Customer Relationship View

(Dollars in millions)


	Three Months Ended March 31, 2007
	Total			Commercial			Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$	2,412		$	1,614		$	900		$	(102	)
Noninterest income
Service charges		653			305			348			—
Investment and brokerage services		232			9			223			—
Investment banking income		703			15			688			—
Trading account profits		838			(2	)		833			7
All other income		483			362			73			48

Total noninterest income		2,909			689			2,165			55

Total revenue ⁽¹⁾		5,321			2,303			3,065			(47	)

Provision for credit losses		115			95			18			2
Gains on sales of debt securities		2			—			2			—
Noninterest expense		2,900			836			2,076			(12	)

Income before income taxes ⁽¹⁾		2,308			1,372			973			(37	)
Income tax expense (benefit)		861			507			363			(9	)

Net income	$	1,447		$	865		$	610		$	(28	)


Shareholder value added	$	372		$	463		$	141		$	(232	)
Net interest yield ⁽¹⁾		1.50	%		3.32	%		n/m			n/m
Return on average equity		14.36			22.46			14.06	%		n/m
Efficiency ratio ⁽¹⁾		54.49			36.32			67.73			n/m
Average - total loans and leases	$	247,898		$	190,412		$	56,532			n/m
Average - total deposits		208,488			87,194			120,862			n/m
Period end - total assets ⁽²⁾		713,868			210,443			502,943			n/m

	Three Months Ended March 31, 2006
	Total			Commercial			Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$	2,489		$	1,737		$	861		$	(109	)
Noninterest income
Service charges		650			300			350			—
Investment and brokerage services		246			10			236			—
Investment banking income		522			9			513			—
Trading account profits		976			16			958			2
All other income		385			309			71			5

Total noninterest income		2,779			644			2,128			7

Total revenue ⁽¹⁾		5,268			2,381			2,989			(102	)

Provision for credit losses		25			82			(57	)		—
Gains on sales of debt securities		14			—			14			—
Noninterest expense		2,832			757			2,032			43

Income before income taxes ⁽¹⁾		2,425			1,542			1,028			(145	)
Income tax expense (benefit)		901			570			382			(51	)

Net income	$	1,524		$	972		$	646		$	(94	)


Shareholder value added	$	425		$	528		$	162		$	(265	)
Net interest yield ⁽¹⁾		1.77	%		3.84	%		n/m			n/m
Return on average equity		14.72			22.72			14.34	%		n/m
Efficiency ratio ⁽¹⁾		53.75			31.79			67.98			n/m
Average - total loans and leases	$	224,907		$	177,672		$	46,354			n/m
Average - total deposits		186,626			90,139			96,152			n/m
Period end - total assets ⁽²⁾		611,208			196,211			410,150			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.

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 - Business Lending Key Indicators

(Dollars in millions)


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Business lending revenue⁽¹⁾
Corporate lending⁽²⁾	$	179		$	153		$	177		$	198		$	144
Commercial lending		989			1,054			1,025			1,131			1,046
Consumer indirect lending		180			176			183			184			180

Total revenue	$	1,348		$	1,383		$	1,385		$	1,513		$	1,370

Business lending margin
Corporate lending		1.22	%		1.33	%		1.24	%		1.36	%		1.30	%
Commercial lending		1.44			1.52			1.57			1.65			1.72
Consumer indirect lending		1.66			1.78			1.74			1.78			1.87

Provision
Corporate lending	$	7		$	(96	)	$	(22	)	$	(20	)	$	(66	)
Commercial lending		(16	)		(60	)		10			(22	)		6
Consumer indirect lending		114			70			65			62			76

Total provision	$	105		$	(86	)	$	53		$	20		$	16

Credit quality (% vs. loans) ^(3,4,5)
Criticized assets
Corporate lending	$	935		$	1,297		$	1,434		$	1,456		$	1,484
		1.23	%		1.87	%		2.02	%		2.10	%		2.25	%
Commercial lending	$	5,509		$	4,987		$	5,175		$	4,626		$	4,649
		3.09	%		2.80	%		2.94	%		2.65	%		2.72	%

Total	$	6,444		$	6,284		$	6,609		$	6,082		$	6,133
		2.54	%		2.54	%		2.68	%		2.49	%		2.59	%
Nonperforming assets
Corporate lending	$	29		$	138		$	143		$	165		$	178
		0.08	%		0.40	%		0.42	%		0.51	%		0.52	%
Commercial lending	$	564		$	487		$	402		$	463		$	474
		0.38	%		0.33	%		0.27	%		0.32	%		0.33	%

Total	$	593		$	625		$	545		$	628		$	652
		0.32	%		0.34	%		0.30	%		0.35	%		0.37	%
Average loans and leases by product
Commercial	$	117,775		$	115,224		$	112,372		$	110,393		$	108,321
Leases		21,454			20,908			20,379			20,425			20,095
Foreign		13,604			13,110			12,623			12,186			11,749
Real estate		33,981			34,422			35,196			34,803			34,778
Consumer		39,490			35,539			35,686			34,088			33,536
Other		2,169			2,205			2,205			2,255			2,322

Total average loans and leases	$	228,473		$	221,408		$	218,461		$	214,150		$	210,801


(1) Includes gains (losses) on sales of debt securities.

(2) Total corporate lending revenue	$	*179*		$	153		$	177		$	198		$	144
Less: impact of credit mitigation		*(11*	)		(63	)		(36	)		(39	)		(84	)

Corporate lending revenues excluding credit mitigation	$	*190*		$	216		$	213		$	237		$	228

(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 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.

(5)

Criticized assets of $264 million related to the fair value option portfolio are not included in the first quarter of 2007. There are no nonperforming assets in the fair value portfolio.

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 - Capital Markets and Advisory Services

Key Indicators

(Dollars in millions)


	First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006		First Quarter 2006
Investment banking income
Advisory fees	$	130	$	123	$	85	$	53	$	76
Debt underwriting		503		549		417		478		380
Equity underwriting		70		84		52		113		66

Total investment banking income		703		756		554		644		522

Sales and trading
Fixed income:
Liquid products		407		420		410		623		613
Credit products		477		146		237		140		298
Structured products		352		346		373		382		348

Total fixed income		1,236		912		1,020		1,145		1,259

Equity income		421		373		330		356		512

Total sales and trading ⁽¹⁾		1,657		1,285		1,350		1,501		1,771

Total Capital Markets and Advisory Services market-based revenue⁽¹⁾	$	2,360	$	2,041	$	1,904	$	2,145	$	2,293

Balance sheet (average)
Trading account securities	$	171,450	$	163,842	$	143,285	$	130,317	$	130,358
Reverse repurchases		66,446		74,803		73,136		70,571		75,141
Securities borrowed		97,795		98,371		98,375		102,758		88,682
Derivative assets		22,057		21,437		22,040		25,259		19,894

Trading-related assets	$	357,748	$	358,453	$	336,836	$	328,905	$	314,075

Sales credits from secondary trading
Liquid products	$	277	$	249	$	226	$	261	$	254
Credit products		293		233		191		206		188
Structured products		213		168		162		164		163
Equities		284		195		192		186		149

Total	$	1,067	$	845	$	771	$	817	$	754

Volatility of product revenues - 1 std dev
Liquid products	$	9.1	$	7.2	$	7.8	$	6.6	$	5.9
Credit products		6.0		2.9		2.5		3.6		3.3
Structured products		7.6		4.9		4.6		5.5		5.4
Equities		4.9		4.2		3.6		5.5		4.0
Total		14.6		12.1		9.3		10.9		8.8

(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.

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

(1)	M&A Announced Advisor Rankings

Significant U.S. market share gains

•

#1 in leveraged loans, ranked by number of deals (tie)

•

Top 5 rankings in:

Syndicated loans

Leveraged loans

Investment grade debt

Asset-backed securities

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)


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Net interest income ⁽²⁾	$	926		$	924		$	887		$	922		$	939
Noninterest income
Investment and brokerage services		910			889			828			852			814
All other income		52			86			63			79			76

Total noninterest income		962			975			891			931			890

Total revenue ⁽²⁾		1,888			1,899			1,778			1,853			1,829

Provision for credit losses		23			1			—			(40	)		—
Noninterest expense		1,017			1,001			972			970			967

Income before income taxes ⁽²⁾		848			897			806			923			862
Income tax expense		317			332			297			341			320

Net income	$	531		$	565		$	509		$	582		$	542


Shareholder value added	$	277		$	302		$	256		$	340		$	272
Net interest yield ⁽²⁾		3.19	%		3.34	%		3.41	%		3.57	%		3.67	%
Return on average equity		21.59			22.15			20.71			24.60			20.67
Efficiency ratio ⁽²⁾		53.90			52.66			54.69			52.37			52.88

Balance sheet

Average
Total loans and leases	$	65,841		$	63,935		$	61,686		$	59,803		$	58,146
Total earning assets ⁽³⁾		117,654			109,763			103,313			103,441			103,664
Total assets ⁽³⁾		125,235			117,323			110,787			110,989			111,223
Total deposits		114,958			106,325			100,916			101,251			101,028
Allocated equity		9,982			10,123			9,743			9,491			10,630

Period end
Total loans and leases	$	66,695		$	65,535		$	62,736		$	60,996		$	58,893
Total earning assets ⁽³⁾		120,725			117,376			104,620			102,035			104,629
Total assets ⁽³⁾		128,547			125,324			112,401			109,759			112,399
Total deposits		118,125			113,569			102,251			100,360			102,289

Client assets
Assets under management	$	547,448		$	542,977		$	517,055		$	500,144		$	493,930
Client brokerage assets ⁽⁴⁾		209,106			203,799			193,699			186,798			187,222
Assets in custody		100,008			100,982			93,156			95,128			96,934
Less: Client brokerage assets and assets in custody included in assets under management		(64,636	)		(57,446	)		(54,678	)		(51,541	)		(51,091	)

Total net client assets	$	791,926		$	790,312		$	749,232		$	730,529		$	726,995

(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).

(4)

Client brokerage assets include non-discretionary brokerage and fee-based assets. Previously, the Corporation reported client brokerage assets excluding fee-based assets. Prior periods ending September 30, June 30, and March 31, 2006 have been reclassified to reflect this adjustment.

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 Wealth and Investment Management Business Results

(Dollars in millions)



	Three Months Ended March 31, 2007
	Total			Private Bank			Columbia Management			Premier Banking and Investments^(1, 2)			ALM/ Other⁽¹⁾
Net interest income ⁽³⁾	$	926		$	223		$	1		$	658		$	44
Noninterest income
Investment and brokerage services		910			251			423			214			22
All other income		52			11			1			35			5

Total noninterest income		962			262			424			249			27

Total revenue ⁽³⁾		1,888			485			425			907			71

Provision for credit losses		23			21			—			2			—
Noninterest expense		1,017			309			273			410			25

Income before income taxes ⁽³⁾		848			155			152			495			46
Income tax expense		317			57			56			183			21

Net income	$	531		$	98		$	96		$	312		$	25


Shareholder value added	$	277		$	63		$	60		$	271		$	(117	)
Net interest yield ⁽³⁾		3.19	%		2.76	%		n/m			2.86	%		n/m
Return on average equity		21.59			27.61			23.06	%		78.28			n/m
Efficiency ratio ⁽³⁾		53.90			63.80			64.19			45.16			n/m
Average - total loans and leases	$	65,841		$	32,712			n/m		$	33,111			n/m
Average - total deposits		114,958			21,368			n/m			93,544			n/m
Period end - total assets ⁽⁴⁾		128,547		$	33,983		$	3,185			98,138			n/m

	Three Months Ended March 31, 2006
	Total			Private Bank			Columbia Management			Premier Banking and Investments^{(1, 2)}			ALM/ Other ⁽¹⁾
Net interest income ⁽³⁾	$	939		$	224		$	(9	)	$	628		$	96
Noninterest income
Investment and brokerage services		814			246			363			179			26
All other income		76			37			10			23			6

Total noninterest income		890			283			373			202			32

Total revenue ⁽³⁾		1,829			507			364			830			128

Provision for credit losses		—			(4	)		—			3			1
Noninterest expense		967			307			239			386			35

Income before income taxes ⁽³⁾		862			204			125			441			92
Income tax expense		320			75			46			163			36

Net income	$	542		$	129		$	79		$	278		$	56


Shareholder value added	$	272		$	98		$	45		$	238		$	(109	)
Net interest yield ⁽³⁾		3.67	%		3.03	%		n/m			3.00	%		n/m
Return on average equity		20.67			39.89			19.94	%		70.69			n/m
Efficiency ratio ⁽³⁾		52.88			60.54			65.66			46.45			n/m
Average - total loans and leases	$	58,146		$	30,005			n/m		$	28,121			n/m
Average - total deposits		101,028			15,832			n/m			85,126			n/m
Period end - total assets ⁽⁴⁾		112,399			30,877		$	2,804			87,681			n/m

(1)

Prior to January 1, 2007, ALM/Other included the impact of the migrating qualifying affluent customers, including their related deposit balances and associated net interest income, from Global Consumer and Small Business Banking to our Premier Banking and Investments model. Effective January 1, 2007, the deposit migration impact is now included in Premier Banking and Investments.

(2)

For the three months ended March 31, 2007 and 2006, a total of $3.6 billion and $3.2 billion of deposits were migrated from Global Consumer and Small Business Banking to Global Wealth and Investment Management.

(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.

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 - Key Indicators

(Dollars in millions, except as noted)


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Investment and Brokerage Services
The Private Bank
Asset management fees	$	245		$	236		$	237		$	254		$	240
Brokerage income		6			6			6			8			6

	$	251		$	242		$	243		$	262		$	246

Columbia Management
Asset management fees	$	422		$	416		$	373		$	376		$	362
Brokerage income		1			1			1			1			1

	$	423		$	417		$	374		$	377		$	363

Premier Banking and Investments
Asset management fees	$	60		$	53		$	50		$	47		$	40
Brokerage income		154			149			133			141			139

	$	214		$	202		$	183		$	188		$	179

All Other
Asset management fees	$	22		$	28		$	28		$	25		$	26
Brokerage income		—			—			—			—			—

	$	22		$	28		$	28		$	25		$	26

Total Global Wealth and Investment Management
Asset management fees	$	749		$	733		$	688		$	702		$	668
Brokerage income		161			156			140			150			146

	$	910		$	889		$	828		$	852		$	814

Assets Under Management
Assets Under Management by Business:
Private Bank ⁽¹⁾	$	165,569		$	169,945		$	164,592		$	161,549		$	163,483
Columbia Management		438,651			433,426			410,781			394,355			385,896
Premier Banking and Investments		20,312			18,640			16,804			16,116			15,325
Elimination/Other⁽²⁾		(79,133	)		(80,979	)		(77,100	)		(74,007	)		(73,287	)
International Wealth Management		2,049			1,945			1,978			2,131			2,513

Total Assets Under Management	$	547,448		$	542,977		$	517,055		$	500,144		$	493,930

Assets Under Management Rollforward:
Beginning Balance	$	542,977		$	517,055		$	500,144		$	493,930		$	482,394
Net flows ⁽¹⁾		1,668			16,605			10,901			10,693			(326	)
Market valuation/other		2,803			9,317			6,010			(4,479	)		11,862

Ending Balance	$	547,448		$	542,977		$	517,055		$	500,144		$	493,930

Assets Under Management Mix:
Money market/other	$	208,482		$	208,549		$	198,385		$	192,325		$	182,384
Fixed income		84,504			86,665			87,125			83,699			82,134
Equity		254,462			247,763			231,545			224,120			229,412

Total Assets Under Management	$	547,448		$	542,977		$	517,055		$	500,144		$	493,930

Client Brokerage Assets	$	209,106		$	203,799		$	193,699		$	186,798		$	187,222

Premier Banking and Investments Metrics

Client Facing Associates
Number of client managers		2,525			2,420			2,292			2,196			2,173
Number of financial advisors		1,927			1,954			1,905			1,869			1,873
All other		1,218			1,207			1,093			1,085			1,100

Total Client Facing Associates		5,670			5,581			5,290			5,150			5,146

Financial Advisor Productivity ⁽³⁾ (in thousands)	$	102		$	98		$	91		$	95		$	89

Total Client Balances ⁽⁴⁾	$	285,152		$	276,325		$	264,466		$	256,890		$	255,302

Number of Households with Banking and Brokerage Relationships (in thousands)		248			244			238			235			230

Private Bank Metrics

Client Facing Associates		2,159			2,133			2,057			2,011			1,990

Total Client Balances ⁽⁴⁾	$	260,769		$	260,730		$	249,445		$	245,571		$	251,067

Columbia Management Performance Metrics

# of 4 or 5 Star Funds by Morningstar		38			35			36			37			34

% of Assets Under Management in 4 or 5 Star Rated Funds ⁽⁵⁾		58	%		57	%		61	%		59	%		56	%

(1)

First quarter 2007 balances were impacted by one large $5.4 billion outflow related to one large institutional client in the Private Bank.

(2)

The elimination of client brokerage assets and assets in custody that are also included in assets under management.

(3)

Financial advisor productivity is defined as quarterly full service gross production divided by average number of total financial advisors for the quarter.

(4)

Client balances are defined as deposits, assets under management, client brokerage assets and other assets in custody.

(5)

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.

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

All Other Results ⁽¹⁾

(Dollars in millions)


	First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006
Net interest income ⁽²⁾	$	(1,769	)	$	(1,629	)	$	(1,418	)	$	(1,404	)	$	(1,480	)
Noninterest income
Card income		722			826			841			961			1,168
Equity investment gains		896			1,031			687			577			571
All other income		(58	)		(117	)		634			(159	)		(257	)

Total noninterest income		1,560			1,740			2,162			1,379			1,482

Total revenue ⁽²⁾		(209	)		111			744			(25	)		2

Provision for credit losses		(1,314	)		(1,135	)		(920	)		(784	)		(656	)
Gains (losses) on sales of debt securities		61			9			(480	)		(5	)		1
Merger and restructuring charges		111			244			269			194			98
All other noninterest expense		341			28			115			280			415

Income before income taxes ⁽²⁾		714			983			800			280			146
Income tax expense (benefit)		133			264			227			185			(50	)

Net income	$	581		$	719		$	573		$	95		$	196


Shareholder value added	$	173		$	334		$	294		$	(92	)	$	(71	)

Balance sheet
Average
Total loans and leases	$	92,198		$	80,663		$	85,962		$	62,384		$	53,533
Total earning assets		208,428			198,885			243,100			212,519			202,679
Total assets		262,571			252,427			297,483			268,133			259,717
Total deposits		36,706			41,563			48,629			43,820			39,465

Period end
Total loans and leases	$	97,085		$	90,594		$	76,399		$	86,429		$	55,461
Total earning assets		203,606			201,020			190,500			239,533			193,059
Total assets		252,088			252,888			273,856			292,604			245,441
Total deposits		29,653			38,704			39,258			46,017			50,822

(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 financial results of certain businesses that are expected to be or have been sold or liquidated. All Other also includes the offsetting securitization impact to present Global Consumer and Small Business Banking on a managed basis. (See Exhibit A: Non-GAAP Reconciliations - All Other - Reported Basis to As Adjusted on page 34.) In addition, All Other includes amounts associated with the ALM activities, including the residual impact of funds transfer pricing allocation methodologies, amounts associated with the change in the value of derivatives used as economic hedges of interest rate and foreign exchange rate fluctuations that do not qualify for SFAS No. 133 “Accounting for Derivative instruments and Hedging Activities, as amended” hedge accounting treatment, certain gains or losses on sales of whole mortgage loans, and gains (losses) on sales of debt securities.

(2)

Fully taxable-equivalent basis

Components of Equity Investment Gains

(Dollars in millions)


	First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006		First Quarter 2006
Principal Investing	$	575	$	547	$	604	$	417	$	326
Corporate and Strategic Investments		321		484		83		160		245

Total equity investment gains included in All Other		896		1,031		687		577		571
Total equity investment gains included in the business segments		118		36		18		122		147

Total consolidated equity investment gains	$	1,014	$	1,067	$	705	$	699	$	718

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

Outstanding Loans and Leases

(Dollars in millions)


	March 31 2007		December 31 2006		Increase (Decrease) from 12/31/06
Consumer
Residential mortgage	$	254,845	$	241,181	$	13,664
Credit card - domestic		54,490		61,195		(6,705	)
Credit card - foreign		11,430		10,999		431
Home equity ⁽¹⁾		91,725		87,896		3,829
Direct/Indirect consumer		62,124		55,501		6,623
Other consumer ⁽²⁾		8,189		8,933		(744	)

Total consumer		482,803		465,705		17,098

Commercial - measured at historical cost
Commercial - domestic		160,190		161,982		(1,792	)
Commercial real estate ⁽³⁾		36,022		36,258		(236	)
Commercial lease financing		19,988		21,864		(1,876	)
Commercial - foreign		20,771		20,681		90

Total commercial - measured at historical cost		236,971		240,785		(3,814	)
Commercial loans measured at fair value ⁽⁴⁾		3,859		n/a		n/a

Total commercial		240,830		240,785		45

Total	$	723,633	$	706,490	$	17,143

(1)

Home equity loans of $12.8 billion at December 31, 2006 have been reclassified to home equity from direct/indirect consumer to conform to the current period presentation.

(2)

Includes foreign consumer loans of $4.7 billion and $6.2 billion; and consumer finance loans of $3.5 billion and $2.8 billion at March 31, 2007 and December 31, 2006.

(3)

Includes domestic commercial real estate loans of $35.4 billion and $35.7 billion; and foreign commercial real estate loans of $606 million and $578 million at March 31, 2007 and December 31, 2006.

(4)

Commercial loans measured at fair value in accordance with SFAS 159 are presented at fair value and include commercial - domestic loans of $2.7 billion, commercial - foreign loans of $932 million and commercial real estate loans of $179 million at March 31, 2007.

n/a = not applicable

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

(Dollars in millions)


	Commercial Utilized Credit Exposure ⁽¹⁾							Commercial Committed Credit Exposure ⁽¹⁾
	March 31 2007 ⁽²⁾		December 31 2006		Increase (Decrease)			March 31 2007 ⁽²⁾			December 31 2006			Increase (Decrease)
Real estate⁽³⁾	$	54,468	$	49,208	$	5,260		$	77,959		$	73,493		$	4,466
Diversified financials		28,948		24,802		4,146			71,353			67,027			4,326
Retailing		27,558		27,226		332			43,633			44,064			(431	)
Government and public education		22,620		22,495		125			40,421			39,254			1,167
Capital goods		18,482		16,804		1,678			38,705			37,337			1,368
Banks		27,494		26,405		1,089			37,570			36,735			835
Consumer services		19,337		19,108		229			32,491			32,651			(160	)
Healthcare equipment and services		16,592		15,787		805			32,323			31,095			1,228
Materials		15,746		15,882		(136	)		28,117			28,693			(576	)
Individuals and trusts		17,868		18,792		(924	)		27,471			29,167			(1,696	)
Commercial services and supplies		14,911		15,204		(293	)		23,208			23,512			(304	)
Food, beverage and tobacco		10,814		11,341		(527	)		20,426			21,081			(655	)
Energy		9,631		9,350		281			18,608			18,405			203
Media		7,592		8,659		(1,067	)		17,796			19,056			(1,260	)
Utilities		6,073		4,951		1,122			17,722			17,221			501
Transportation		10,785		11,451		(666	)		16,250			17,189			(939	)
Insurance		6,466		6,573		(107	)		14,243			14,121			122
Religious and social organizations		7,758		7,840		(82	)		10,293			10,507			(214	)
Consumer durables and apparel		4,980		4,820		160			9,335			9,117			218
Telecommunication services		3,102		3,513		(411	)		7,725			7,929			(204	)
Technology hardware and equipment		2,918		3,279		(361	)		7,550			8,046			(496	)
Software and services		3,175		2,757		418			7,237			6,206			1,031
Pharmaceuticals and biotechnology		2,925		2,530		395			6,132			6,289			(157	)
Food and staples retailing		1,878		2,153		(275	)		4,957			4,222			735
Automobiles and components		1,449		1,529		(80	)		4,790			5,098			(308	)
Household and personal products		699		720		(21	)		2,451			2,205			246
Semiconductors and semiconductor equipment		720		802		(82	)		1,353			1,364			(11	)
Other		5,608		6,396		(788	)		5,961			6,825			(864	)

Total	$	350,597	$	340,377	$	10,220		$	626,080		$	617,909		$	8,171
Net credit default protection on total commitments ⁽⁴⁾								$	(4,274	)	$	(8,260	)

(1)

Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers’ acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are reported on a mark-to-market basis and have been reduced by the amount of cash collateral applied of $8.7 billion and $7.3 billion at March 31, 2007 and December 31, 2006. In addition to cash collateral, derivative assets are also collateralized by $7.5 billion and $7.6 billion of primarily other marketable securities at March 31, 2007 and December 31, 2006 for which the credit risk has not been reduced.

(2)

Total commercial utilized and committed exposure at March 31, 2007 includes exposure measured at fair value in accordance with SFAS 159 and is comprised of loans outstanding at market value of $3.9 billion, issued (utilized) letters of credit at notional value of $1.1 billion and other unfunded exposure at notional value of $20.4 billion. A pre-tax fair value adjustment of $377 million, of which an initial $349 million of the $377 million was recorded on January 1, 2007, related to unfunded loan commitments and letters of credit are not included above and are recorded in other liabilities.

(3)

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 flow and primary source of repayment as key factors.

(4)

A negative amount reflects net notional credit default protection purchased.

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


	March 31 2007		December 31 2006
Less than or equal to one year	2	%	7	%
Greater than one year and less than or equal to five years	55		46
Greater than five years	43		47

Total	100	%	100	%

Net Credit Default Protection by Credit Exposure Debt Rating ⁽¹⁾

(Dollars in millions)


	March 31, 2007					December 31, 2006
Ratings	Net Notional			Percent		Net Notional			Percent
AAA	$	6		(0.1	)%	$	(23	)	0.3	%
AA		(102	)	2.4			(237	)	2.9
A		(1,853	)	43.4			(2,598	)	31.5
BBB		(1,874	)	43.8			(3,968	)	48.0
BB		(524	)	12.3			(1,341	)	16.2
B		(147	)	3.4			(334	)	4.0
CCC and below		(85	)	2.0			(50	)	0.6
NR⁽²⁾		305		(7.2	)		291		(3.5	)

Total	$	(4,274	)	100.0	%	$	(8,260	)	100.0	%

(1)

In order to mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of debt rating for net notional credit default protection purchased is shown as negative amounts and the net notional credit protection sold is shown as positive amounts.

(2)

In addition to unrated names, “NR” includes $301 million and $302 million in net CDS index positions at March 31, 2007 and December 31, 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 March 31, 2007		Increase (Decrease) from December 31, 2006
*Region/Country*

Asia Pacific
China ⁽⁷⁾	$	232	$	56	$	72	$	3,375	$	3,735	$	—	$	3,735	$	121
South Korea		262		722		73		3,121		4,178		—		4,178		801
India		598		732		280		1,009		2,619		—		2,619		584
Singapore		269		9		71		469		818		—		818		(54	)
Taiwan		279		79		65		41		464		304		768		26
Hong Kong		336		32		72		261		701		—		701		(163	)
Other Asia Pacific ⁽⁸⁾		78		24		9		436		547		17		564		(27	)

Total Asia Pacific		2,054		1,654		642		8,712		13,062		321		13,383		1,288

Latin America
Mexico ⁽⁹⁾		992		219		67		2,601		3,879		—		3,879		(52	)
Brazil ⁽¹⁰⁾		167		87		25		2,719		2,998		273		3,271		620
Other Latin America ⁽⁸⁾		306		175		13		248		742		195		937		77

Total Latin America		1,465		481		105		5,568		7,619		468		8,087		645
Middle East and Africa ⁽⁸⁾		544		125		111		408		1,188		—		1,188		72
Central and Eastern Europe ⁽⁸⁾		6		26		28		212		272		—		272		57

Total	$	4,069	$	2,286	$	886	$	14,900	$	22,141	$	789	$	22,930	$	2,062

(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; all countries in Middle East and Africa; 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 $58 million and $9 million at March 31, 2007 and December 31, 2006. There are no other marketable securities collateralizing derivative assets at March 31, 2007. There were less than $1 million of other marketable securities collateralizing derivative assets at December 31, 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. Local funding or liabilities are subtracted from local exposures as allowed by the FFIEC. Total amount of available local liabilities funding local country exposure at March 31, 2007 was $17.6 billion compared to $20.7 billion at December 31, 2006. Local liabilities at March 31, 2007 in Asia Pacific and Latin America were $16.3 billion and $1.3 billion, of which $6.5 billion were in Singapore, $4.6 billion in Hong Kong, $1.8 billion in South Korea, $1.1 billion in Mexico, $1.1 billion in India, $839 million in China, and $538 million in Taiwan. 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)

No country included in Other Asia Pacific, Other Latin America, Middle East and Africa, and Central and Eastern Europe, had total foreign exposure of more than $500 million.

(9)

Securities/Other Investments include an investment of $2.3 billion in Grupo Financiero Santander Serfin.

(10)

Securities/Other Investments include an investment of $2.6 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)


	March 31 2007			December 31 2006			September 30 2006			June 30 2006			March 31 2006
Residential mortgage	$	732		$	660		$	599		$	537		$	538
Home equity ⁽¹⁾		365			291			211			167			155
Direct/Indirect consumer ⁽¹⁾		—			2			1			2			—
Other consumer		133			77			86			99			92

Total consumer		1,230			1,030			897			805			785

Commercial - domestic		501			584			544			606			631
Commercial real estate		189			118			68			59			72
Commercial lease financing		21			42			35			43			53
Commercial - foreign		29			13			36			54			43

Total commercial		740			757			683			762			799

Total nonperforming loans and leases		1,970			1,787			1,580			1,567			1,584
Foreclosed properties		89			69			76			74			96

Total nonperforming assets ^(2,3)	$	2,059		$	1,856		$	1,656		$	1,641		$	1,680

Loans past due 90 days or more and still accruing ^(3,4)	$	2,870		$	3,056		$	2,719		$	2,433		$	1,924
Nonperforming assets / Total assets ⁽⁵⁾		0.14	%		0.13	%		0.11	%		0.11	%		0.12	%
Nonperforming assets / Total loans, leases and foreclosed properties ⁽⁵⁾		0.29			0.26			0.25			0.25			0.27
Nonperforming loans and leases / Total loans and leases ⁽⁵⁾		0.27			0.25			0.24			0.23			0.26
Allowance for credit losses:
Allowance for loan and lease losses	$	8,732		$	9,016		$	8,872		$	9,080		$	9,067
Reserve for unfunded lending commitments		374			397			388			395			395

Total	$	9,106		$	9,413		$	9,260		$	9,475		$	9,462

Allowance for loan and lease losses / Total loans and leases measured at historical cost ⁽⁵⁾		1.21	%		1.28	%		1.33	%		1.36	%		1.46	%
Allowance for loan and lease losses / Total nonperforming loans and leases		443			505			562			579			572

Commercial criticized exposure ⁽⁶⁾	$	7,119		$	7,061		$	7,257		$	6,925		$	6,917
Commercial criticized exposure / Commercial utilized exposure ⁽⁶⁾		2.24	%		2.22	%		2.29	%		2.19	%		2.27	%

(1)

Home equity nonperforming loan balances of $42 million, $36 million, $33 million and $34 million at December 31, 2006, September 30, 2006, June 30, 2006 and March 31, 2006 respectively, have been reclassified to home equity from direct/indirect to conform to the current period presentation.

(2)

Balances do not include nonperforming loans held-for-sale included in Other Assets of $94 million, $80 million, $99 million, $114 million and $84 million at March 31, 2007, December 31, 2006, September 30, 2006, June 30, 2006 and March 31, 2006, respectively.

(3)

Balances do not include loans measured at fair value in accordance with SFAS 159. At March 31, 2007 there were no nonperforming loans or loans past due 90 days or more and still accruing interest measured under fair value in accordance with SFAS 159.

(4)

Balances do not include loans held-for-sale past due 90 days or more and still accruing interest included in Other Assets of $23 million, $107 million and $225 million at September 30, 2006, June 30, 2006 and March 31, 2006, respectively.

(5)

Ratios do not include loans measured at fair value in accordance with SFAS 159 of $3.9 billion at March 31, 2007.

(6)

Criticized exposure and ratios exclude assets held-for-sale and exposure measured at fair value in accordance with SFAS 159. Including assets held-for-sale and commercial loans measured at fair value, the ratio would have been 2.40 percent at March 31, 2007. Including assets held-for-sale the ratios would have been 2.25 percent, 2.22 percent, 2.17 percent and 2.26 percent at December 31, 2006, September 30, 2006, June 30, 2006 and March 31, 2006, respectively.

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

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

Bank of America Corporation

Quarterly Net Charge-offs and Net Charge-off Ratios ⁽¹⁾

(Dollars in millions)


	First Quarter 2007					Fourth Quarter 2006⁽²⁾					Third Quarter 2006⁽²⁾					Second Quarter 2006⁽²⁾					First Quarter 2006⁽²⁾
	Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
Residential mortgage	$	6		0.01	%	$	9		0.02	%	$	6		0.01	%	$	14		0.03	%	$	10		0.02	%
Credit card - domestic		806		5.66			884		5.86			853		5.42			723		4.46			634		3.77
Credit card - foreign		88		3.22			79		3.03			70		2.94			57		2.72			19		0.94
Home equity ⁽³⁾		17		0.08			19		0.09			11		0.06			12		0.06			9		0.05
Direct/Indirect consumer ⁽³⁾		235		1.59			190		1.41			152		1.17			103		0.86			79		0.68
Other consumer		92		4.22			101		3.78			85		3.03			75		2.80			42		1.67

Total consumer		1,244		1.06			1,282		1.14			1,177		1.07			984		0.97			793		0.82

Commercial - domestic		184		0.46			123		0.31			111		0.29			50		0.14			52		0.14
Commercial real estate		3		0.03			1		0.01			2		0.02			1		—			(1	)	(0.01	)
Commercial lease financing		(1	)	(0.03	)		12		0.22			—		—			(17	)	(0.33	)		(23	)	(0.45	)
Commercial - foreign		(3	)	(0.05	)		(1	)	(0.02	)		(13	)	(0.21	)		5		0.08			1		0.01

Total commercial		183		0.31			135		0.22			100		0.17			39		0.07			29		0.05

Total net charge-offs	$	1,427		0.81		$	1,417		0.82		$	1,277		0.75		$	1,023		0.65		$	822		0.54


By Business Segment
Global Consumer and Small Business Banking ⁽⁴⁾	$	2,433		3.20	%	$	2,336		3.09	%	$	2,109		2.87	%	$	1,759		2.50	%	$	1,417		2.06	%
Global Corporate and Investment Banking		102		0.17			85		0.14			82		0.14			38		0.07			42		0.07
Global Wealth and Investment Management		18		0.11			2		0.01			—		—			(43	)	(0.29	)		—		—
All Other ⁽⁴⁾		(1,126	)	(4.95	)		(1,006	)	(4.95	)		(914	)	(4.22	)		(731	)	(4.71	)		(637	)	(4.82	)

Total net charge-offs	$	1,427		0.81		$	1,417		0.82		$	1,277		0.75		$	1,023		0.65		$	822		0.54


Supplemental managed basis data
Credit card - domestic	$	1,651		4.80	%	$	1,615		4.61	%	$	1,479		4.23	%	$	1,227		3.58	%	$	1,073		3.12	%
Credit card - foreign		302		4.37			291		4.30			269		4.17			247		4.13			173		3.08

Total credit card	$	1,953		4.73		$	1,906		4.56		$	1,748		4.23		$	1,474		3.67		$	1,246		3.12

Total commercial		183		0.31			135		0.22			107		0.18			52		0.09			40		0.07
Total managed losses		2,572		1.26			2,453		1.23			2,195		1.11			1,811		0.98			1,482		0.84

(1)

Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases measured at historical cost during the year for each loan and lease category.

(2)

Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on credit card - domestic $11 million, $10 million, $7 million and $71 million, credit card - foreign $4 million, $5 million, $6 million and $38 million, direct/indirect consumer $6 million, $5 million, $7 million and $60 million, other consumer $4 million, $6 million, $3 million and $28 million, and commercial - domestic $0, $0, $4 million and $13 million for the quarters ended December 31, 2006, September 30, 2006, June 30, 2006 and March 31, 2006, respectively. The impact of SOP 03-3 was not material for the three months ended March 31, 2007. Refer to Exhibit A on page 35 for a reconciliation and net charge-off ratios to net charge-offs and net charge-off ratios excluding the impact of SOP 03-3.

(3)

Historical ratios have been adjusted for home equity and direct/indirect consumer due to the reclass of home equity loan balances from direct/indirect to home equity. The impact on net charge-offs was not material.

(4)

Global Consumer and Small Business Banking is presented on a managed basis, specifically Card Services. The offsetting securitization impact is included within All Other.

Loans

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

LOGO

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

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation

Global Consumer and Small Business Banking - Reconciliation - Managed to GAAP

(Dollars in millions)


	First Quarter 2007									Fourth Quarter 2006									Third Quarter 2006
	Managed Basis			Securitizations Impact ⁽¹⁾			Held Basis			Managed Basis			Securitizations Impact ⁽¹⁾			Held Basis			Managed Basis		Securitizations Impact ⁽¹⁾			Held Basis
Net interest income ⁽²⁾	$	7,028		$	(1,890	)	$	5,138		$	7,157		$	(1,929	)	$	5,228		$	7,027	$	(1,872	)	$	5,155
Noninterest income
Card income		2,451			839			3,290			2,707			996			3,703			2,446		1,032			3,478
Service charges		1,377			—			1,377			1,394			—			1,394			1,410		—			1,410
Mortgage banking income		302			—			302			247			—			247			215		—			215
All other income		264			(77	)		187			255			(90	)		165			383		(68	)		315

Total noninterest income		4,394			762			5,156			4,603			906			5,509			4,454		964			5,418

Total revenue ⁽²⁾		11,422			(1,128	)		10,294			11,760			(1,023	)		10,737			11,481		(908	)		10,573

Provision for credit losses		2,411			(1,128	)		1,283			2,777			(1,023	)		1,754			2,049		(908	)		1,141
Gains (losses) on sales of debt securities		(1	)		—			(1	)		(1	)		—			(1	)		—		—			—
Noninterest expense		4,728			—			4,728			4,852			—			4,852			4,710		—			4,710

Income before income taxes ⁽²⁾		4,282			—			4,282			4,130			—			4,130			4,722		—			4,722
Income tax expense		1,586			—			1,586			1,524			—			1,524			1,736		—			1,736

Net income	$	2,696		$	—		$	2,696		$	2,606		$	—		$	2,606		$	2,986	$	—		$	2,986


Balance sheet
Average -total loans and leases	$	308,105		$	(101,776	)	$	206,329		$	299,615		$	(99,765	)	$	199,850		$	291,195	$	(97,371	)	$	193,824
Period end -total loans and leases		309,992			(102,363	)		207,629			307,687			(101,865	)		205,822			294,207		(98,683	)		195,524



	Second Quarter 2006							First Quarter 2006
	Managed Basis		Securitizations Impact ⁽¹⁾			Held Basis		Managed Basis			Securitizations Impact ⁽¹⁾			Held Basis
Net interest income ⁽²⁾	$	6,968	$	(1,846	)	$	5,122	$	7,092		$	(1,946	)	$	5,146
Noninterest income
Card income		2,528		1,136			3,664		2,107			1,402			3,509
Service charges		1,349		—			1,349		1,190			—			1,190
Mortgage banking income		210		—			210		205			—			205
All other income		323		(67	)		256		248			(110	)		138

Total noninterest income		4,410		1,069			5,479		3,750			1,292			5,042

Total revenue ⁽²⁾		11,378		(777	)		10,601		10,842			(654	)		10,188

Provision for credit losses		1,807		(777	)		1,030		1,901			(654	)		1,247
Gains (losses) on sales of debt securities		—		—			—		(1	)		—			(1	)
Noninterest expense		4,509		—			4,509		4,612			—			4,612

Income before income taxes ⁽²⁾		5,062		—			5,062		4,328			—			4,328
Income tax expense		1,858		—			1,858		1,604			—			1,604

Net income	$	3,204	$	—		$	3,204	$	2,724		$	—		$	2,724


Balance sheet
Average - total loans and leases	$	282,554	$	(94,952	)	$	187,602	$	279,382		$	(92,776	)	$	186,606
Period end - total loans and leases		286,059		(96,848	)		189,211		278,197			(94,359	)		183,838

(1)

The securitizations impact on net interest income is on a funds transfer pricing methodology consistent with the way we allocate funding costs to our businesses.

(2)

Fully taxable-equivalent basis

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

Effective January 1, 2007, the Corporation started to report its Global Consumer and Small Business Banking results, specifically Card Services, on a managed basis. The change to a managed basis is consistent with the way that management as well as analysts and rating agencies evaluate the results of Global Consumer and Small Business Banking. Managed basis assumes that loans that have been securitized were not sold and presents earnings on these loans in a manner similar to the way loans that have not been sold (i.e., held loans) are presented. Loan securitization is an alternative funding process that is used by the Corporation to diversify funding sources. Loan securitization removes loans from the Consolidated Balance Sheet through the sale of loans to an off-balance sheet qualified special purpose entity which is excluded from the Corporation’s consolidated financial statements in accordance with generally accepted accounting principles (GAAP).

The performance of the managed portfolio is important to understanding Global Consumer and Small Business Banking’s and Card Services’ results as it demonstrates the results of the entire portfolio serviced by the business. Securitized loans continue to be serviced by the business and are subject to the same underwriting standards and ongoing monitoring as held loans. In addition, excess servicing income is exposed to similar credit risk and repricing of interest rates as held loans. Global Consumer and Small Business Banking’s managed income statement line items differ from its held basis reported in the prior periods as follows:

•

Managed net interest income includes Global Consumer and Small Business Banking’s net interest income on held loans and interest income on the securitized loans less the internal funds transfer pricing allocation related to securitized loans.

•

Managed noninterest income includes Global Consumer and Small Business Banking’s noninterest income on held loans less the reclassification of certain components of card income (e.g., excess servicing income) to record managed net interest income and managed credit impact. Noninterest income, both on a held and managed basis, also includes the impact of adjustments to the interest-only strip that are recorded in card income as senior management continues to manage this impact within Global Consumer and Small Business Banking.

•

The managed credit impact represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.

All of these securitization adjustments relate to the Card Services’ business within Global Consumer and Small Business Banking.

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

Exhibit A: Non-GAAP Reconciliations — Continued

Bank of America Corporation

All Other - Reconciliation - Reported Basis to As Adjusted

(Dollars in millions)


	First Quarter 2007									Fourth Quarter 2006									Third Quarter 2006
	Reported Basis			Securitizations Impact ⁽¹⁾			As Adjusted			Reported Basis			Securitizations Impact ⁽¹⁾			As Adjusted			Reported Basis			Securitizations Impact ⁽¹⁾			As Adjusted
Net interest income ⁽²⁾	$	(1,769	)	$	1,890		$	121		$	(1,629	)	$	1,929		$	300		$	(1,418	)	$	1,872		$	454
Noninterest income
Card income		722			(839	)		(117	)		826			(996	)		(170	)		841			(1,032	)		(191	)
Equity investment gains		896			—			896			1,031			—			1,031			687			—			687
All other income		(58	)		77			19			(117	)		90			(27	)		634			68			702

Total noninterest income		1,560			(762	)		798			1,740			(906	)		834			2,162			(964	)		1,198

Total revenue ⁽²⁾		(209	)		1,128			919			111			1,023			1,134			744			908			1,652

Provision for credit losses		(1,314	)		1,128			(186	)		(1,135	)		1,023			(112	)		(920	)		908			(12	)
Gains (losses) on sales of debt securities		61			—			61			9			—			9			(480	)		—			(480	)
Merger and restructuring charges		111			—			111			244			—			244			269			—			269
All other noninterest expense		341			—			341			28			—			28			115			—			115

Income before income taxes ⁽²⁾		714			—			714			983			—			983			800			—			800
Income tax expense		133			—			133			264			—			264			227			—			227

Net income	$	581		$	—		$	581		$	719		$	—		$	719		$	573		$	—		$	573


Balance sheet
Average - total loans and leases	$	92,198		$	101,776		$	193,974		$	80,663		$	99,765		$	180,428		$	85,962		$	97,371		$	183,333
Period end - total loans and leases		97,085			102,363			199,448			90,594			101,865			192,459			76,399			98,683			175,082



	Second Quarter 2006									First Quarter 2006
	Reported Basis			Securitizations Impact ⁽¹⁾			As Adjusted			Reported Basis			Securitizations Impact ⁽¹⁾			As Adjusted
Net interest income ⁽²⁾	$	(1,404	)	$	1,846		$	442		$	(1,480	)	$	1,946		$	466
Noninterest income
Card income		961			(1,136	)		(175	)		1,168			(1,402	)		(234	)
Equity investment gains		577			—			577			571			—			571
All other income		(159	)		67			(92	)		(257	)		110			(147	)

Total noninterest income		1,379			(1,069	)		310			1,482			(1,292	)		190

Total revenue ⁽²⁾		(25	)		777			752			2			654			656

Provision for credit losses		(784	)		777			(7	)		(656	)		654			(2	)
Gains (losses) on sales of debt securities		(5	)		—			(5	)		1			—			1
Merger and restructuring charges		194			—			194			98			—			98
All other noninterest expense		280			—			280			415			—			415

Income before income taxes ⁽²⁾		280			—			280			146			—			146
Income tax expense		185			—			185			(50	)		—			(50	)

Net income	$	95		$	—		$	95		$	196		$	—		$	196


Balance sheet
Average - total loans and leases	$	62,384		$	94,952		$	157,336		$	53,533		$	92,776		$	146,309
Period end - total loans and leases		86,429			96,848			183,277			55,461			94,359			149,820

(1)

The securitizations impact on net interest income is on a funds transfer pricing methodology consistent with the way we allocate funding costs to our businesses.

(2)

Fully taxable-equivalent basis

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.

Exhibit A: Non-GAAP Reconciliations — Continued

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^{(1, 2)}

Net Charge-offs and Net Charge-off Ratios As Reported


	Fourth Quarter 2006							Third Quarter 2006							Second Quarter 2006							First Quarter 2006
*(Dollars in millions)*	Amount			Average Outstanding Loans and Leases		Percent ⁽³⁾		Amount			Average Outstanding Loans and Leases		Percent ⁽³⁾		Amount			Average Outstanding Loans and Leases		Percent ⁽³⁾		Amount			Average Outstanding Loans and Leases		Percent ⁽³⁾
Residential mortgage	$	9		$	225,985	0.02	%	$	6		$	222,889	0.01	%	$	14		$	197,228	0.03	%	$	10		$	184,796	0.02	%
Credit card - domestic		884			59,802	5.86			853			62,508	5.42			723			64,980	4.46			634			68,169	3.77
Credit card - foreign		79			10,375	3.03			70			9,455	2.94			57			8,305	2.72			19			8,403	0.94
Home equity		19			84,907	0.09			11			79,902	0.06			12			75,897	0.06			9			72,422	0.05
Direct/Indirect consumer		190			53,478	1.41			152			51,534	1.17			103			48,000	0.86			79			46,801	0.68
Other consumer		101			10,597	3.78			85			11,075	3.03			75			10,804	2.80			42			10,357	1.67

Total consumer		1,282			445,144	1.14			1,177			437,363	1.07			984			405,214	0.97			793			390,948	0.82

Commercial - domestic		123			158,604	0.31			111			153,007	0.29			50			148,445	0.14			52			144,693	0.14
Commercial real estate		1			36,851	0.01			2			37,471	0.02			1			36,749	—			(1	)		36,676	(0.01	)
Commercial lease financing		12			21,159	0.22			—			20,875	—			(17	)		20,896	(0.33	)		(23	)		20,512	(0.45	)
Commercial - foreign		(1	)		21,840	(0.02	)		(13	)		24,761	(0.21	)		5			24,345	0.08			1			23,139	0.01

Total commercial		135			238,454	0.22			100			236,114	0.17			39			230,435	0.07			29			225,020	0.05

Total net charge-offs	$	1,417		$	683,598	0.82		$	1,277		$	673,477	0.75		$	1,023		$	635,649	0.65		$	822		$	615,968	0.54


Impact of SOP 03-3⁽⁴⁾

Residential mortgage	$	—						$	—						$	—						$	—
Credit card - domestic		11							10							7							71
Credit card - foreign		4							5							6							38
Home equity		—							—							—							—
Direct/Indirect consumer		6							5							7							60
Other consumer		4							6							3							28

Total consumer		25							26							23							197

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

Total commercial		—							—							4							13

Total net charge-offs	$	25						$	26						$	27						$	210


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

Residential mortgage	$	9		$	225,985	0.02	%	$	6		$	222,889	0.01	%	$	14		$	197,228	0.03	%	$	10		$	184,796	0.02	%
Credit card - domestic		895			59,802	5.93			863			62,508	5.48			730			64,980	4.50			705			68,169	4.19
Credit card - foreign		83			10,375	3.22			75			9,455	3.13			63			8,305	3.02			57			8,403	2.77
Home equity		19			84,907	0.09			11			79,902	0.06			12			75,897	0.06			9			72,422	0.05
Direct/Indirect consumer		196			53,478	1.45			157			51,534	1.21			110			48,000	0.92			139			46,801	1.20
Other consumer		105			10,597	3.93			91			11,075	3.22			78			10,804	2.93			70			10,357	2.76

Total consumer		1,307			445,144	1.17			1,203			437,363	1.09			1,007			405,214	1.00			990			390,948	1.03

Commercial - domestic		123			158,604	0.31			111			153,007	0.29			54			148,445	0.15			65			144,693	0.18
Commercial real estate		1			36,851	0.01			2			37,471	0.02			1			36,749	—			(1	)		36,676	(0.01	)
Commercial lease financing		12			21,159	0.22			—			20,875	—			(17	)		20,896	(0.33	)		(23	)		20,512	(0.45	)
Commercial - foreign		(1	)		21,840	(0.02	)		(13	)		24,761	(0.21	)		5			24,345	0.08			1			23,139	0.01

Total commercial		135			238,454	0.22			100			236,114	0.17			43			230,435	0.07			42			225,020	0.08

Total net charge-offs	$	1,442		$	683,598	0.84		$	1,303		$	673,477	0.77		$	1,050		$	635,649	0.66		$	1,032		$	615,968	0.68

(1)

Average outstanding loans and leases and historical ratios have been adjusted for home equity and direct/indirect consumer due to the reclass of home equity loan balances from direct/indirect to home equity. The impact on net charge-offs was not material.

(2)

The impact of SOP 03-3 was immaterial for the three months ended March 31, 2007.

(3)

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

(4)

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

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