Supplemental Information Second Quarter 2007

June 30
2007

March 31
2007

Less than or equal to one year

Greater than one year and less than or equal to five years

Greater than five years

Total net credit default protection

Exhibit 99.2

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Supplemental Information

Second 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
Year-to-Date Average Balances and Interest Rates		10
Year-to-Date Average Balances and Interest Rates - Isolating Hedge Income/Expense		11
Business Segment View Graphs		12
Global Consumer and Small Business Banking
Total Segment Results		13
Quarter-to-Date Business Results		14
Year-to-Date Business Results		15
Customer Relationship View		16
Key Indicators		17
E-commerce & BankofAmerica.com		18
Credit Card Data		19
Global Corporate and Investment Banking
Total Segment Results		20
Quarter-to-Date Business Results		21
Year-to-Date Business Results		22
Quarter-to-Date Customer Relationship View		23
Year-to-Date Customer Relationship View		24
Business Lending Key Indicators		25
Capital Markets and Advisory Services Key Indicators		26
Securities U.S. Market Share and Product Ranking Graph		27
Global Wealth and Investment Management
Total Segment Results		28
Quarter-to-Date Business Results		29
Year-to-Date Business Results		30
Key Indicators		31
All Other
Total Segment Results		32
Outstanding Loans and Leases		33
Average Loans and Leases by Business Segment		34
Commercial Credit Exposure by Industry		35
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating		36
Selected Emerging Markets		37
Nonperforming Assets		38
Quarterly Net Charge-offs/Losses and Net Charge-off/Loss Ratios		39
Year-to-Date Net Charge-offs/Losses and Net Charge-off/Loss Ratios		40

Exhibit A: Non - GAAP Reconciliations
Global Consumer and Small Business Banking - Reconciliation		41
All Other - Reconciliation		42
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		43


				1

Bank of America Corporation

Consolidated Financial Highlights

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


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Income statement
Net interest income	$16,654		$17,406		$8,386		$8,268		$8,599		$8,586		$8,630
Noninterest income ⁽¹⁾	21,064		18,504		11,177		9,887		9,887		9,598		9,589
Total revenue, net of interest expense	37,718		35,910		19,563		18,155		18,486		18,184		18,219
Provision for credit losses	3,045		2,275		1,810		1,235		1,570		1,165		1,005
Noninterest expense	18,190		17,641		9,093		9,097		9,093		8,863		8,717
Income tax expense	5,467		5,533		2,899		2,568		2,567		2,740		3,022
Net income	11,016		10,461		5,761		5,255		5,256		5,416		5,475
Diluted earnings per common share	2.44		2.25		1.28		1.16		1.16		1.18		1.19
Average diluted common shares issued and outstanding	4,487,224		4,636,959		4,476,799		4,497,028		4,536,696		4,570,558		4,601,169
Dividends paid per common share	$1.12		$1.00		$0.56		$0.56		$0.56		$0.56		$0.50

Performance ratios
Return on average assets	1.44	%	1.47	%	1.48	%	1.40	%	1.39	%	1.43	%	1.51	%
Return on average common shareholders’ equity	16.86		16.34		17.55		16.16		15.76		16.64		17.26

At period end
Book value per share of common stock	$29.95		$28.17		$29.95		$29.74		$29.70		$29.52		$28.17
Tangible book value per share of common stock ⁽²⁾	15.11		13.58		15.11		14.94		14.97		14.88		13.58
Market price per share of common stock:
Closing price	$48.89		$48.10		$48.89		$51.02		$53.39		$53.57		$48.10
High closing price for the period	54.05		50.47		51.82		54.05		54.90		53.57		50.47
Low closing price for the period	48.80		43.09		48.80		49.46		51.66		47.98		45.48
Market capitalization	216,922		217,794		216,922		226,481		238,021		240,966		217,794

Number of banking centers - domestic	5,749		5,779		5,749		5,737		5,747		5,722		5,779
Number of branded ATMs - domestic	17,183		16,984		17,183		17,117		17,079		16,846		16,984
Full-time equivalent employees	195,675		201,898		195,675		199,429		203,425		200,220		201,898

(1)

Effective April 1, 2007, the Corporation changed its income statement presentation to reflect gains (losses) on sales of debt securities as a component of noninterest income.

(2)

Tangible book value per share of common stock is a non-GAAP measure. For a corresponding reconciliation to a GAAP financial measure, see Supplemental Financial Data on page 3. We believe the use of this non-GAAP measure provides additional clarity in assessing the results of the Corporation.

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.		2

Bank of America Corporation

Supplemental Financial Data

(Dollars in millions)

Fully taxable-equivalent basis data


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006

Net interest income	$17,378		$17,966		$8,781		$8,597		$8,955		$8,894		$8,926
Total revenue, net of interest expense ⁽¹⁾	38,442		36,470		19,958		18,484		18,842		18,492		18,515
Net interest yield	2.60	%	2.91	%	2.59	%	2.61	%	2.75	%	2.73	%	2.85	%
Efficiency ratio	47.32		48.37		45.56		49.22		48.26		47.93		47.08

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.

Return on average common shareholders’ equity and return on average tangible shareholders’ equity utilize non-GAAP allocation methodologies. Return on average common shareholders’ equity measures the earnings contribution of a unit as a percentage of the shareholders’ equity allocated to that unit. Return on average tangible shareholders’ equity measures the earnings contribution of the Corporation as a percentage of shareholders’ equity reduced by goodwill. These measures are used to evaluate our use of equity (i.e., capital) at the individual unit level and are integral components in the analytics for resource allocation. The efficiency ratio measures the costs expended to generate a dollar of revenue. We believe the use of these non-GAAP measures provides additional clarity in assessing the results of the Corporation.

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 June 30, 2007, March 31, 2007, December 31, 2006, September 30, 2006, and June 30, 2006, and the six months ended June 30, 2007 and 2006.

Reconciliation of net income to operating earnings


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Net income	$11,016		$10,461		$5,761		$5,255		$5,256		$5,416		$5,475
Merger and restructuring charges	186		292		75		111		244		269		194
Related income tax benefit	(69)		(108)		(28)		(41)		(90)		(100)		(71)
Operating earnings	$11,133		$10,645		$5,808		$5,325		$5,410		$5,585		$5,598


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

Ending common shareholders’ equity	$132,900		$127,570		$132,900		$132,005		$132,421		$132,771		$127,570
Ending goodwill	(65,845)		(66,095)		(65,845)		(65,696)		(65,662)		(65,818)		(66,095)
Ending common tangible shareholders’ equity	$67,055		$61,475		$67,055		$66,309		$66,759		$66,953		$61,475


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

Average shareholders’ equity	$133,569		$129,253		$133,551		$133,588		$134,047		$129,262		$127,373
Average goodwill	(65,703)		(66,160)		(65,704)		(65,703)		(65,766)		(66,077)		(66,226)
Average tangible shareholders’ equity	$67,866		$63,093		$67,847		$67,885		$68,281		$63,185		$61,147


Operating basis

Return on average assets	1.46	%	1.49	%	1.49	%	1.42	%	1.44	%	1.48	%	1.54	%
Return on average common shareholders’ equity	17.04		16.63		17.70		16.38		16.22		17.16		17.65
Return on average tangible shareholders’ equity	33.08		34.02		34.34		31.81		31.44		35.07		36.72
Efficiency ratio ⁽²⁾	46.83		47.57		45.18		48.62		46.96		46.48		46.03

(1)

Effective April 1, 2007, the Corporation changed its income statement presentation to reflect gains (losses) on sales of debt securities as a component of noninterest income.

(2)

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.		3

Bank of America Corporation

Consolidated Statement of Income

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


	Six Months Ended June 30		Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006	Third Quarter 2006	Second Quarter 2006
	2007	2006	Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006	Third Quarter 2006	Second Quarter 2006
Interest income
Interest and fees on loans and leases	$26,207	$22,931	$13,323	$12,884	$12,705	$12,638	$11,804
Interest on debt securities	4,712	6,135	2,332	2,380	2,440	3,080	3,121
Federal funds sold and securities purchased under agreements to resell	4,135	3,609	2,156	1,979	2,068	2,146	1,900
Trading account assets	4,540	3,175	2,267	2,273	2,201	1,856	1,627
Other interest income	2,198	1,572	1,154	1,044	1,077	952	845
Total interest income	41,792	37,422	21,232	20,560	20,491	20,672	19,297
Interest expense
Deposits	8,295	6,515	4,261	4,034	3,989	3,976	3,508
Short-term borrowings	10,855	9,151	5,537	5,318	5,222	5,467	4,842
Trading account liabilities	1,713	1,113	821	892	800	727	596
Long-term debt	4,275	3,237	2,227	2,048	1,881	1,916	1,721
Total interest expense	25,138	20,016	12,846	12,292	11,892	12,086	10,667
Net interest income	16,654	17,406	8,386	8,268	8,599	8,586	8,630

Noninterest income
Card income	6,891	7,098	3,558	3,333	3,719	3,473	3,664
Service charges	4,272	3,978	2,200	2,072	2,099	2,147	2,077
Investment and brokerage services	2,342	2,249	1,193	1,149	1,122	1,085	1,146
Investment banking income	1,412	1,113	774	638	694	510	612
Equity investment gains	2,843	1,417	1,829	1,014	1,067	705	699
Trading account profits	1,762	1,975	890	872	460	731	915
Mortgage banking income	361	226	148	213	126	189	89
Gains (losses) on sales of debt securities ⁽¹⁾	64	5	2	62	21	(469)	(9)
Other income	1,117	443	583	534	579	1,227	396
Total noninterest income	21,064	18,504	11,177	9,887	9,887	9,598	9,589
Total revenue, net of interest expense	37,718	35,910	19,563	18,155	18,486	18,184	18,219

Provision for credit losses	3,045	2,275	1,810	1,235	1,570	1,165	1,005

Noninterest expense
Personnel	9,762	9,293	4,737	5,025	4,444	4,474	4,480
Occupancy	1,457	1,404	744	713	726	696	703
Equipment	682	660	332	350	351	318	316
Marketing	1,092	1,126	537	555	623	587	551
Professional fees	512	451	283	229	368	259	233
Amortization of intangibles	780	881	391	389	433	441	441
Data processing	909	819	472	437	487	426	409
Telecommunications	495	448	244	251	260	237	228
Other general operating	2,315	2,267	1,278	1,037	1,157	1,156	1,162
Merger and restructuring charges	186	292	75	111	244	269	194
Total noninterest expense	18,190	17,641	9,093	9,097	9,093	8,863	8,717
Income before income taxes	16,483	15,994	8,660	7,823	7,823	8,156	8,497
Income tax expense	5,467	5,533	2,899	2,568	2,567	2,740	3,022
Net income	$11,016	$10,461	$5,761	$5,255	$5,256	$5,416	$5,475
Preferred stock dividends	86	9	40	46	13	-	4
Net income available to common shareholders	$10,930	$10,452	$5,721	$5,209	$5,243	$5,416	$5,471

Per common share information
Earnings	$2.47	$2.29	$1.29	$1.18	$1.17	$1.20	$1.21
Diluted earnings	2.44	2.25	1.28	1.16	1.16	1.18	1.19
Dividends paid	1.12	1.00	0.56	0.56	0.56	0.56	0.50
Average common shares issued and outstanding	4,426,046	4,572,013	4,419,246	4,432,664	4,464,110	4,499,704	4,534,627
Average diluted common shares issued and outstanding	4,487,224	4,636,959	4,476,799	4,497,028	4,536,696	4,570,558	4,601,169

(1)

Effective April 1, 2007, the Corporation changed its income statement presentation to reflect gains (losses) on sales of debt securities as a component of noninterest income.

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.		4

Bank of America Corporation

Consolidated Balance Sheet

(Dollars in millions)


	June 30 2007	March 31 2007	June 30 2006
Assets
Cash and cash equivalents	$35,499	$31,549	$34,545
Time deposits placed and other short-term investments	13,151	12,037	14,652
Federal funds sold and securities purchased under agreements to resell	131,658	138,646	136,645
Trading account assets	182,404	174,218	134,708
Derivative assets	29,810	25,279	25,526
Debt securities:
Available-for-sale	172,332	180,961	235,785
Held-to-maturity, at cost	995	925	61
Total debt securities	173,327	181,886	235,846
Loans and leases	758,635	723,633	667,953
Allowance for loan and lease losses	(9,060)	(8,732)	(9,080)
Loans and leases, net of allowance	749,575	714,901	658,873
Premises and equipment, net	9,482	9,271	9,334
Mortgage servicing rights (includes $3,269; $2,963 and $3,083 measured at fair value)	3,508	3,141	3,231
Goodwill	65,845	65,696	66,095
Intangible assets	8,720	9,217	10,338
Other assets	131,380	136,316	115,400
Total assets	$1,534,359	$1,502,157	$1,445,193

Liabilities
Deposits in domestic offices:
Noninterest-bearing	$172,573	$174,082	$177,209
Interest-bearing	422,201	425,197	410,940
Deposits in foreign offices:
Noninterest-bearing	3,006	3,346	6,765
Interest-bearing	101,629	90,176	81,951
Total deposits	699,409	692,801	676,865
Federal funds purchased and securities sold under agreements to repurchase	221,064	234,413	259,108
Trading account liabilities	75,070	77,289	57,486
Derivative liabilities	25,141	17,946	18,633
Commercial paper and other short-term borrowings	159,542	156,844	136,886
Accrued expenses and other liabilities (includes $376, $374 and $395 of reserve for unfunded lending commitments)	49,065	35,446	39,318
Long-term debt	169,317	152,562	129,056
Total liabilities	1,398,608	1,367,301	1,317,352
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 - 4,436,935,963; 4,439,069,837 and 4,527,940,943 shares	60,349	60,536	65,822
Retained earnings ⁽¹⁾	83,223	79,996	73,393
Accumulated other comprehensive income (loss) ⁽²⁾	(9,957)	(7,660)	(10,973)
Other	(715)	(867)	(672)
Total shareholders’ equity	135,751	134,856	127,841
Total liabilities and shareholders’ equity	$1,534,359	$1,502,157	$1,445,193

(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 $1,381 million, 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 $1,308 million, 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.		5

Bank of America Corporation

Capital Management

(Dollars in millions)


	Second Quarter 2007 ⁽¹⁾		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Risk-based capital:
Tier 1 capital	$94,979		$91,112		$91,064		$88,085		$84,978
Total capital	135,059		126,958		125,226		119,074		114,738
Risk-weighted assets	1,115,150		1,062,883		1,054,533		1,039,283		1,019,828
Tier 1 capital ratio	8.52	%	8.57	%	8.64	%	8.48	%	8.33	%
Total capital ratio	12.11		11.94		11.88		11.46		11.25
Tangible equity ratio ⁽²⁾	4.19		4.20		4.35		4.22		3.76
Tier 1 leverage ratio	6.33		6.25		6.36		6.16		6.13

(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

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

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

11.3 million shares were issued in the second quarter of 2007.

LOGO

*Preliminary data on risk-based capital

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.		6

Bank of America Corporation

Core Net Interest Income - Managed Basis

(Dollars in millions)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Net interest income
As reported⁽¹⁾	$17,378		$17,966		$8,781		$8,597		$8,955		$8,894		$8,926
Impact of market-based net interest income ⁽²⁾	(1,119)		(792)		(635)		(484)		(488)		(376)		(380)

Core net interest income	16,259		17,174		8,146		8,113		8,467		8,518		8,546
Impact of securitizations ⁽³⁾	3,811		3,435		1,952		1,859		1,850		1,760		1,710

Core net interest income - managed basis	$20,070		$20,609		$10,098		$9,972		$10,317		$10,278		$10,256

Average earning assets
As reported	$1,340,172		$1,236,848		$1,358,199		$1,321,946		$1,299,461		$1,302,366		$1,253,895
Impact of market-based earning assets ⁽²⁾	(416,928)		(347,170)		(425,647)		(408,113)		(405,811)		(376,010)		(357,617)

Core average earning assets	923,244		889,678		932,552		913,833		893,650		926,356		896,278
Impact of securitizations	102,442		96,523		102,357		102,529		100,786		98,722		96,776

Core average earning assets - managed basis	$1,025,686		$986,201		$1,034,909		$1,016,362		$994,436		$1,025,078		$993,054

Net interest yield contribution
As reported⁽¹⁾	2.60	%	2.91	%	2.59	%	2.61	%	2.75	%	2.73	%	2.85	%
Impact of market-based activities	0.93		0.96		0.91		0.95		1.03		0.94		0.97

Core net interest yield on earning assets	3.53		3.87		3.50		3.56		3.78		3.67		3.82
Impact of securitizations	0.39		0.32		0.41		0.38		0.36		0.33		0.31

Core net interest yield on earning assets - managed basis	3.92	%	4.19	%	3.91	%	3.94	%	4.14	%	4.00	%	4.13	%

(1)

Fully taxable-equivalent basis

(2)

Represents market-based amounts included in the Capital Markets and Advisory Services business within Global Corporate and Investment Banking.

(3)

Represents the impact of securitizations utilizing actual bond costs. This is different from the segment view which utilizes funds transfer pricing methodologies.

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.		7

Bank of America Corporation

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

(Dollars in millions)


	Second Quarter 2007				First Quarter 2007				Second Quarter 2006 ⁽¹⁾
	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	$15,310	$188	4.92	%	$15,023	$169	4.57	%	$16,691	$168	4.05	%
Federal funds sold and securities purchased under agreements to resell	166,258	2,156	5.19		166,195	1,979	4.79		179,104	1,900	4.25
Trading account assets	188,287	2,364	5.03		175,249	2,357	5.41		133,556	1,712	5.13
Debt securities ⁽²⁾	177,834	2,394	5.39		186,498	2,451	5.27		236,967	3,162	5.34
Loans and leases ⁽³⁾:
Residential mortgage	260,099	3,708	5.70		246,618	3,504	5.69		197,228	2,731	5.54
Credit card - domestic	56,235	1,777	12.67		57,720	1,887	13.26		64,980	2,168	13.38
Credit card - foreign	11,946	350	11.76		11,133	317	11.55		8,305	269	12.97
Home equity ⁽⁴⁾	94,267	1,779	7.57		89,559	1,679	7.60		75,894	1,378	7.28
Direct/Indirect consumer	64,227	1,354	8.46		60,157	1,221	8.23		48,003	910	7.59
Other consumer ⁽⁵⁾	8,101	187	9.28		8,809	204	9.36		10,804	294	10.95
Total consumer	494,875	9,155	7.41		473,996	8,812	7.50		405,214	7,750	7.66
Commercial - domestic	166,529	3,039	7.32		163,620	2,934	7.27		148,445	2,695	7.28
Commercial real estate ⁽⁶⁾	36,788	687	7.49		36,117	672	7.55		36,749	680	7.41
Commercial lease financing	19,784	217	4.40		19,651	175	3.55		20,896	262	5.01
Commercial - foreign	22,223	319	5.75		20,658	330	6.48		24,345	456	7.52
Total commercial	245,324	4,262	6.97		240,046	4,111	6.94		230,435	4,093	7.12
Total loans and leases	740,199	13,417	7.26		714,042	12,923	7.31		635,649	11,843	7.47
Other earning assets	70,311	1,108	6.31		64,939	1,010	6.28		51,928	808	6.24
Total earning assets ⁽⁷⁾	1,358,199	21,627	6.38		1,321,946	20,889	6.37		1,253,895	19,593	6.26
Cash and cash equivalents	33,689				33,623				35,070
Other assets, less allowance for loan and lease losses	169,761				165,849				167,039
Total assets	$1,561,649				$1,521,418				$1,456,004

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$33,039	$47	0.58	%	$32,773	$41	0.50	%	$35,681	$76	0.84	%
NOW and money market deposit accounts	212,330	987	1.86		212,249	936	1.79		221,198	996	1.81
Consumer CDs and IRAs	161,703	1,857	4.61		159,505	1,832	4.66		141,408	1,393	3.95
Negotiable CDs, public funds and other time deposits	16,256	191	4.70		13,376	136	4.12		13,005	123	3.80
Total domestic interest-bearing deposits	423,328	3,082	2.92		417,903	2,945	2.86		411,292	2,588	2.52
Foreign interest-bearing deposits:
Banks located in foreign countries	41,940	522	4.99		40,372	531	5.34		32,456	489	6.05
Governments and official institutions	17,868	224	5.02		14,482	178	4.98		13,428	155	4.63
Time, savings and other	40,335	433	4.31		39,534	380	3.90		37,178	276	2.98
Total foreign interest-bearing deposits	100,143	1,179	4.72		94,388	1,089	4.68		83,062	920	4.44
Total interest-bearing deposits	523,471	4,261	3.27		512,291	4,034	3.19		494,354	3,508	2.85
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings	419,260	5,537	5.30		414,104	5,318	5.20		408,734	4,842	4.75
Trading account liabilities	85,550	821	3.85		77,635	892	4.66		61,263	596	3.90
Long-term debt	158,500	2,227	5.62		148,627	2,048	5.51		125,620	1,721	5.48
Total interest-bearing liabilities ⁽⁷⁾	1,186,781	12,846	4.34		1,152,657	12,292	4.31		1,089,971	10,667	3.92
Noninterest-bearing sources:
Noninterest-bearing deposits	173,564				174,413				180,442
Other liabilities	67,753				60,760				58,218
Shareholders’ equity	133,551				133,588				127,373
Total liabilities and shareholders’ equity	$1,561,649				$1,521,418				$1,456,004
Net interest spread			2.04	%			2.06	%			2.34	%
Impact of noninterest-bearing sources			0.55				0.55				0.51
Net interest income/yield on earning assets		$8,781	2.59	%		$8,597	2.61	%		$8,926	2.85	%

(1)

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

(2)

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.

(3)

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

(4)

Includes home equity loans of $15.6 billion and $13.5 billion in the second and first quarters of 2007 and $8.7 billion in the second quarter of 2006.

(5)

Includes consumer finance loans of $3.4 billion and $3.0 billion in the second and first quarters of 2007 and $3.0 billion in the second quarter of 2006, and foreign consumer loans of $4.7 billion and $5.8 billion in the second and first quarters of 2007 and $7.8 billion in the second quarter of 2006.

(6)

Includes domestic commercial real estate loans of $36.2 billion and $35.5 billion in the second and first quarters of 2007 and $36.0 billion in the second quarter of 2006.

(7)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $117 million and $121 million in the second and first quarters of 2007 and $54 million in the second quarter of 2006. Interest expense includes the impact of interest rate risk management contracts, which increased interest expense on the underlying liabilities $207 million and $179 million in the second and first quarters of 2007 and $87 million in the second 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.		8

Bank of America Corporation

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

(Dollars in millions)


	Second Quarter 2007				First Quarter 2007				Second 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⁾	$15,310	$198	5.20	%	$15,023	$196	5.29	%	$16,691	$181	4.36	%
Federal funds sold and securities purchased under agreements to resell⁽²⁾	166,258	2,256	5.43		166,195	2,085	5.04		179,104	2,014	4.50
Trading account assets	188,287	2,364	5.03		175,249	2,357	5.41		133,556	1,712	5.13
Debt securities ⁽²⁾	177,834	2,401	5.40		186,498	2,455	5.27		236,967	3,164	5.34
Loans and leases:
Residential mortgage	260,099	3,708	5.70		246,618	3,504	5.69		197,228	2,731	5.54
Credit card - domestic	56,235	1,777	12.67		57,720	1,887	13.26		64,980	2,168	13.38
Credit card - foreign	11,946	350	11.76		11,133	317	11.55		8,305	269	12.97
Home equity	94,267	1,779	7.57		89,559	1,679	7.60		75,894	1,378	7.28
Direct/Indirect consumer	64,227	1,354	8.46		60,157	1,221	8.23		48,003	910	7.59
Other consumer	8,101	187	9.28		8,809	204	9.36		10,804	294	10.95
Total consumer	494,875	9,155	7.41		473,996	8,812	7.50		405,214	7,750	7.66
Commercial - domestic⁽²⁾	166,529	3,048	7.34		163,620	2,933	7.27		148,445	2,619	7.08
Commercial real estate	36,788	687	7.49		36,117	672	7.55		36,749	680	7.41
Commercial lease financing	19,784	217	4.40		19,651	175	3.55		20,896	262	5.01
Commercial - foreign ⁽²⁾	22,223	302	5.45		20,658	312	6.12		24,345	455	7.50
Total commercial	245,324	4,254	6.95		240,046	4,092	6.91		230,435	4,016	6.99
Total loans and leases	740,199	13,409	7.26		714,042	12,904	7.30		635,649	11,766	7.42
Other earning assets⁽²⁾	70,311	1,116	6.36		64,939	1,013	6.29		51,928	810	6.25
Total earning assets - excluding hedge impact	1,358,199	21,744	6.41		1,321,946	21,010	6.41		1,253,895	19,647	6.28
Net hedge income (expense) on assets		(117)				(121)				(54)
Total earning assets - including hedge impact	1,358,199	21,627	6.38		1,321,946	20,889	6.37		1,253,895	19,593	6.26
Cash and cash equivalents	33,689				33,623				35,070
Other assets, less allowance for loan and lease losses	169,761				165,849				167,039
Total assets	$1,561,649				$1,521,418				$1,456,004

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$33,039	$47	0.58	%	$32,773	$41	0.50	%	$35,681	$76	0.84	%
NOW and money market deposit accounts⁽²⁾	212,330	983	1.86		212,249	931	1.78		221,198	995	1.80
Consumer CDs and IRAs⁽²⁾	161,703	1,699	4.22		159,505	1,638	4.16		141,408	1,230	3.49
Negotiable CDs, public funds and other time deposits⁽²⁾	16,256	188	4.64		13,376	134	4.05		13,005	121	3.74
Total domestic interest-bearing deposits	423,328	2,917	2.76		417,903	2,744	2.66		411,292	2,422	2.36
Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾	41,940	520	4.97		40,372	529	5.32		32,456	476	5.88
Governments and official institutions	17,868	224	5.02		14,482	178	4.98		13,428	155	4.63
Time, savings and other	40,335	433	4.31		39,534	380	3.90		37,178	276	2.98
Total foreign interest-bearing deposits	100,143	1,177	4.71		94,388	1,087	4.67		83,062	907	4.38
Total interest-bearing deposits	523,471	4,094	3.14		512,291	3,831	3.03		494,354	3,329	2.70
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾	419,260	5,650	5.40		414,104	5,466	5.35		408,734	5,021	4.93
Trading account liabilities	85,550	821	3.85		77,635	892	4.66		61,263	596	3.90
Long-term debt⁽²⁾	158,500	2,074	5.24		148,627	1,924	5.18		125,620	1,634	5.20
Total interest-bearing liabilities - excluding hedge impact	1,186,781	12,639	4.27		1,152,657	12,113	4.25		1,089,971	10,580	3.89
Net hedge (income) expense on liabilities		207				179				87
Total interest-bearing liabilities - including hedge impact	1,186,781	12,846	4.34		1,152,657	12,292	4.31		1,089,971	10,667	3.92
Noninterest-bearing sources:
Noninterest-bearing deposits	173,564				174,413				180,442
Other liabilities	67,753				60,760				58,218
Shareholders’ equity	133,551				133,588				127,373
Total liabilities and shareholders' equity	$1,561,649				$1,521,418				$1,456,004
Net interest spread			2.14				2.16				2.39
Impact of noninterest-bearing sources			0.54				0.54				0.51
Net interest income/yield on earning assets - excluding hedge impact		$9,105	2.68	%		$8,897	2.70	%		$9,067	2.90	%
Net impact of hedge income (expense)		(324)	(0.09)			(300)	(0.09)			(141)	(0.05)
Net interest income/yield on earning assets		$8,781	2.59	%		$8,597	2.61	%		$8,926	2.85	%
(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) The following presents the impact of interest rate risk management derivatives on interest income and interest expense. Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on:
	Second Quarter 2007				First Quarter 2007				Second Quarter 2006
Time deposits placed and other short-term investments	$(10)				$(27)				$(13)
Federal funds sold and securities purchased under agreements to resell	(100)				(106)				(114)
Debt securities	(7)				(4)				(2)
Commercial - domestic	(9)				1				76
Commercial - foreign	17				18				1
Other earning assets	(8)				(3)				(2)
Net hedge income (expense) on assets	$(117)				$(121)				$(54)

Interest expense excludes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

NOW and money market deposit accounts	$4				$5				$1
Consumer CDs and IRAs	158				194				163
Negotiable CDs, public funds and other time deposits	3				2				2
Banks located in foreign countries	2				2				13
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings	(113)				(148)				(179)
Long-term debt	153				124				87
Net hedge (income) expense on liabilities	$207				$179				$87

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.		9

Bank of America Corporation

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

(Dollars in millions)


	Six Months Ended June 30
	2007				2006 ⁽¹⁾
	Average Balance	Interest Income/ Expense	Yield/ Rate		Average Balance	Interest Income/ Expense	Yield/ Rate
Earning assets
Time deposits placed and other short-term investments	$15,167	$357	4.75	%	$15,525	$307	3.99	%
Federal funds sold and securities purchased under agreements to resell	166,227	4,135	4.99		176,919	3,609	4.09
Trading account assets	181,804	4,721	5.21		133,459	3,335	5.01
Debt securities ⁽²⁾	182,142	4,845	5.32		235,793	6,205	5.27
Loans and leases ⁽³⁾:
Residential mortgage	253,396	7,212	5.70		191,046	5,255	5.51
Credit card - domestic	56,973	3,664	12.97		66,566	4,348	13.17
Credit card - foreign	11,542	667	11.66		8,354	556	13.41
Home equity ⁽⁴⁾	91,926	3,458	7.59		74,166	2,625	7.14
Direct/Indirect consumer	62,204	2,575	8.35		47,407	1,761	7.46
Other consumer ⁽⁵⁾	8,452	391	9.32		10,581	566	10.77
Total consumer	484,493	17,967	7.46		398,120	15,111	7.63
Commercial - domestic	165,083	5,973	7.30		146,580	5,185	7.13
Commercial real estate ⁽⁶⁾	36,454	1,359	7.52		36,713	1,312	7.20
Commercial lease financing	19,718	392	3.97		20,705	509	4.91
Commercial - foreign	21,445	649	6.10		23,745	883	7.50
Total commercial	242,700	8,373	6.95		227,743	7,889	6.98
Total loans and leases	727,193	26,340	7.29		625,863	23,000	7.40
Other earning assets	67,639	2,118	6.29		49,289	1,526	6.23
Total earning assets ⁽⁷⁾	1,340,172	42,516	6.38		1,236,848	37,982	6.17
Cash and cash equivalents	33,656				34,964
Other assets, less allowance for loan and lease losses	167,816				164,486
Total assets	$1,541,644				$1,436,298

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$32,907	$88	0.54	%	$35,616	$152	0.86	%
NOW and money market deposit accounts	212,290	1,923	1.83		224,384	1,904	1.71
Consumer CDs and IRAs	160,610	3,689	4.63		138,256	2,570	3.75
Negotiable CDs, public funds and other time deposits	14,824	327	4.44		10,790	193	3.60
Total domestic interest-bearing deposits	420,631	6,027	2.89		409,046	4,819	2.38
Foreign interest-bearing deposits:
Banks located in foreign countries	41,160	1,053	5.16		31,292	913	5.88
Governments and official institutions	16,184	402	5.00		11,823	262	4.47
Time, savings and other	39,937	813	4.11		36,163	521	2.91
Total foreign interest-bearing deposits	97,281	2,268	4.70		79,278	1,696	4.32
Total interest-bearing deposits	517,912	8,295	3.23		488,324	6,515	2.69
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings	416,696	10,855	5.25		404,339	9,151	4.56
Trading account liabilities	81,615	1,713	4.23		56,889	1,113	3.94
Long-term debt	153,591	4,275	5.57		121,343	3,237	5.34
Total interest-bearing liabilities ⁽⁷⁾	1,169,814	25,138	4.33		1,070,895	20,016	3.76
Noninterest-bearing sources:
Noninterest-bearing deposits	173,986				179,026
Other liabilities	64,275				57,124
Shareholders’ equity	133,569				129,253
Total liabilities and shareholders’ equity	$1,541,644				$1,436,298
Net interest spread			2.05	%			2.41	%
Impact of noninterest-bearing sources			0.55				0.50
Net interest income/yield on earning assets		$17,378	2.60	%		$17,966	2.91	%

(1)

Interest income (FTE basis) for the six months ended June 30, 2006, does not include the cumulative tax charge resulting from a change in tax legislation relating to extraterritorial tax income and foreign sales corporation regimes. The FTE impact to net interest income and net interest yield on earning assets of this retroactive tax adjustment was a reduction of $270 million and 4 bps, respectively, for the six months ended June 30, 2006. Management has excluded this one-time impact to provide a more comparative basis of presentation for net interest income and net interest yield on earning assets on a FTE basis. The impact on any given future period is not expected to be material.

(2)

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.

(3)

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

(4)

Includes home equity loans of $14.5 billion and $8.5 billion for the six months ended June 30, 2007 and 2006.

(5)

Includes consumer finance loans of $3.2 billion and $3.0 billion, and foreign consumer loans of $5.3 billion and $7.6 billion for the six months ended June 30, 2007 and 2006.

(6)

Includes domestic commercial real estate loans of $35.8 billion and $36.0 billion for the six months ended June 30, 2007 and 2006.

(7)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $238 million and $46 million in the six months ended June 30, 2007 and 2006. Interest expense includes the impact of interest rate risk management contracts, which increased interest expense on the underlying liabilities $386 million and $223 million in the six months ended June 30, 2007 and 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.		10

Bank of America Corporation

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

(Dollars in millions)


	Six Months Ended June 30
	2007				2006
	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⁾	$15,167	$394	5.24	%	$15,525	$323	4.20	%
Federal funds sold and securities purchased under agreements to resell⁽²⁾	166,227	4,341	5.24		176,919	3,814	4.33
Trading account assets	181,804	4,721	5.21		133,459	3,335	5.01
Debt securities ⁽²⁾	182,142	4,856	5.34		235,793	6,207	5.27
Loans and leases:
Residential mortgage	253,396	7,212	5.70		191,046	5,255	5.51
Credit card - domestic	56,973	3,664	12.97		66,566	4,348	13.17
Credit card - foreign	11,542	667	11.66		8,354	556	13.41
Home equity	91,926	3,458	7.59		74,166	2,625	7.14
Direct/Indirect consumer	62,204	2,575	8.35		47,407	1,761	7.46
Other consumer	8,452	391	9.32		10,581	566	10.77
Total consumer	484,493	17,967	7.46		398,120	15,111	7.63
Commercial - domestic⁽²⁾	165,083	5,981	7.31		146,580	4,998	6.87
Commercial real estate	36,454	1,359	7.52		36,713	1,312	7.20
Commercial lease financing	19,718	392	3.97		20,705	509	4.91
Commercial - foreign ⁽²⁾	21,445	614	5.77		23,745	881	7.48
Total commercial	242,700	8,346	6.93		227,743	7,700	6.81
Total loans and leases	727,193	26,313	7.28		625,863	22,811	7.33
Other earning assets⁽²⁾	67,639	2,129	6.33		49,289	1,538	6.28
Total earning assets - excluding hedge impact	1,340,172	42,754	6.41		1,236,848	38,028	6.18
Net hedge income (expense) on assets		(238)				(46)
Total earning assets - including hedge impact	1,340,172	42,516	6.38		1,236,848	37,982	6.17
Cash and cash equivalents	33,656				34,964
Other assets, less allowance for loan and lease losses	167,816				164,486
Total assets	$1,541,644				$1,436,298

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$32,907	$88	0.54	%	$35,616	$152	0.86	%
NOW and money market deposit accounts⁽²⁾	212,290	1,914	1.82		224,384	1,901	1.73
Consumer CDs and IRAs⁽²⁾	160,610	3,337	4.19		138,256	2,252	3.28
Negotiable CDs, public funds and other time deposits⁽²⁾	14,824	322	4.38		10,790	189	3.53
Total domestic interest-bearing deposits	420,631	5,661	2.71		409,046	4,494	2.23
Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾	41,160	1,049	5.14		31,292	879	5.66
Governments and official institutions	16,184	402	5.00		11,823	262	4.47
Time, savings and other	39,937	813	4.11		36,163	521	2.91
Total foreign interest-bearing deposits	97,281	2,264	4.69		79,278	1,662	4.23
Total interest-bearing deposits	517,912	7,925	3.09		488,324	6,156	2.55
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾	416,696	11,116	5.38		404,339	9,396	4.68
Trading account liabilities	81,615	1,713	4.23		56,889	1,113	3.94
Long-term debt⁽²⁾	153,591	3,998	5.21		121,343	3,128	5.16
Total interest-bearing liabilities - excluding hedge impact	1,169,814	24,752	4.26		1,070,895	19,793	3.73
Net hedge (income) expense on liabilities		386				223
Total interest-bearing liabilities - including hedge impact	1,169,814	25,138	4.33		1,070,895	20,016	3.76
Noninterest-bearing sources:
Noninterest-bearing deposits	173,986				179,026
Other liabilities	64,275				57,124
Shareholders’ equity	133,569				129,253
Total liabilities and shareholders’ equity	$1,541,644				$1,436,298
Net interest spread			2.15				2.45
Impact of noninterest-bearing sources			0.54				0.50
Net interest income/yield on earning assets - excluding hedge impact		$18,002	2.69	%		$18,235	2.95	%
Net impact of hedge income (expense)		(624)	(0.09)			(269)	(0.04)
Net interest income/yield on earning assets		$17,378	2.60	%		$17,966	2.91	%

(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) The following presents the impact of interest rate risk management derivatives on interest income and interest expense. Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on:
	Six Months Ended June 30
		2007				2006
Time deposits placed and other short-term investments		$(37)				$(16)
Federal funds sold and securities purchased under agreements to resell		(206)				(205)
Debt securities		(11)				(2)
Commercial - domestic		(8)				187
Commercial - foreign		35				2
Other earning assets		(11)				(12)
Net hedge income (expense) on assets		$(238)				$(46)

Interest expense excludes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

NOW and money market deposit accounts		$9				$3
Consumer CDs and IRAs		352				318
Negotiable CDs, public funds and other time deposits		5				4
Banks located in foreign countries		4				34
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		(261)				(245)
Long-term debt		277				109
Net hedge (income) expense on liabilities		$386				$223

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.		11

Bank of America Corporation

Business Segment View

Net Income

Six Months Ended June 30, 2007

LOGO

Total Revenue, Net of Interest Expense ^{(1, 2, 3)}

Six Months Ended June 30, 2007

LOGO

(1)

Fully taxable-equivalent basis

(2)

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

(3)

Total revenue, net of interest expense for All Other was less than one percent of the Corporation’s total revenue, net of interest expense for the six months ended June 30, 2007.


		This information is preliminary and based on company data available at the time of the presentation.		12

Bank of America Corporation

Global Consumer and Small Business Banking Segment Results ^{(1, 2)}

(Dollars in millions; except as noted)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Net interest income ⁽³⁾	$14,179		$14,059		$7,150		$7,029		$7,156		$7,027		$6,967
Noninterest income:
Card income	5,127		4,635		2,676		2,451		2,707		2,446		2,528
Service charges	2,865		2,539		1,488		1,377		1,394		1,410		1,349
Mortgage banking income	599		415		297		302		247		215		210
Gains (losses) on sales of debt securities	(1)		(1)		-		(1)		(1)		-		-
All other income	593		571		328		265		258		382		323

Total noninterest income	9,183		8,159		4,789		4,394		4,605		4,453		4,410

Total revenue, net of interest expense	23,362		22,218		11,939		11,423		11,761		11,480		11,377

Provision for credit losses⁽⁴⁾	5,505		3,708		3,094		2,411		2,777		2,049		1,807
Noninterest expense	9,700		9,119		4,969		4,731		4,849		4,709		4,508

Income before income taxes	8,157		9,391		3,876		4,281		4,135		4,722		5,062
Income tax expense⁽³⁾	3,003		3,462		1,417		1,586		1,526		1,736		1,858

Net income	$5,154		$5,929		$2,459		$2,695		$2,609		$2,986		$3,204

Net interest yield ⁽³⁾	8.27	%	8.25	%	8.29	%	8.25	%	8.39	%	8.27	%	8.15	%
Return on average equity	16.67		18.42		15.80		17.56		16.64		18.84		20.14
Efficiency ratio ⁽³⁾	41.52		41.04		41.62		41.42		41.23		41.02		39.62

Balance sheet ⁽²⁾

Average
Total loans and leases	$312,701		$280,821		$317,246		$308,105		$299,615		$291,029		$282,390
Total earning assets ⁽⁵⁾	345,803		343,753		346,045		345,558		338,577		337,045		343,093
Total assets ⁽⁵⁾	401,026		396,434		401,425		400,622		393,419		393,002		396,054
Total deposits	326,647		334,413		326,741		326,552		327,962		332,578		336,105
Allocated equity	62,333		64,918		62,425		62,241		62,215		62,885		63,817

Period end
Total loans and leases	$324,452		$285,885		$324,452		$309,992		$307,661		$294,207		$285,885
Total earning assets ⁽⁵⁾	344,765		337,138		344,765		349,737		339,604		340,133		337,138
Total assets ⁽⁵⁾	402,195		396,150		402,195		407,697		398,313		398,226		396,150
Total deposits	326,978		338,827		326,978		334,968		329,245		332,844		338,827

Period end (in billions)
Mortgage servicing portfolio	$360.1		$313.0		$360.1		$345.1		$333.0		$323.3		$313.0

(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).

(2)

Presented on a managed basis, specifically Card Services. (See Exhibit A: Non-GAAP Reconciliations - Global Consumer and Small Business Banking - Reconciliation on page 41).

(3)

Fully taxable-equivalent basis

(4)

Represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.

(5)

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.		13

Bank of America Corporation

Global Consumer and Small Business Banking Business Results

(Dollars in millions)


	Three Months Ended June 30, 2007
	Total⁽¹⁾		Deposits ⁽²⁾		Card Services ⁽¹⁾			Consumer Real Estate		ALM/ Other
Net interest income ⁽³⁾	$7,150		$2,378		$4,044			$546		$182
Noninterest income:
Card income	2,676		539		2,135			2		-
Service charges	1,488		1,487		-			1		-
Mortgage banking income	297		-		-			297		-
Gains (losses) on sales of debt securities	-		-		-			-		-
All other income	328		-		251			10		67

Total noninterest income	4,789		2,026		2,386			310		67

Total revenue, net of interest expense	11,939		4,404		6,430			856		249
Provision for credit losses⁽⁴⁾	3,094		56		2,857			125		56
Noninterest expense	4,969		2,254		2,058			508		149

Income before income taxes	3,876		2,094		1,515			223		44
Income tax expense⁽³⁾	1,417		765		554			82		16

Net income	$2,459		$1,329		$961			$141		$28


Net interest yield ⁽³⁾	8.29	%	3.03	%	7.91	%		2.07	%	n/m
Return on average equity	15.80		35.80		8.74			14.92		n/m
Efficiency ratio ⁽³⁾	41.62		51.19		32.00			59.26		n/m
Average - total loans and leases	$317,246		n/m		$204,332			$101,780		n/m
Average - total deposits	326,741		$320,282		n/m			n/m		n/m
Period end - total assets ⁽⁵⁾	402,195		336,373		241,890			113,215		n/m

	Three Months Ended June 30, 2006
	Total⁽¹⁾		Deposits ⁽²⁾		Card Services ⁽¹⁾			Consumer Real Estate		ALM/ Other
Net interest income ⁽³⁾	$6,967		$2,372		$4,032			$478		$85
Noninterest income:
Card income	2,528		473		2,054			1		-
Service charges	1,349		1,348		-			1		-
Mortgage banking income	210		-		-			210		-
Gains (losses) on sales of debt securities	-		-		-			-		-
All other income	323		-		242			11		70

Total noninterest income	4,410		1,821		2,296			223		70

Total revenue, net of interest expense	11,377		4,193		6,328			701		155
Provision for credit losses⁽⁴⁾	1,807		30		1,733			15		29
Noninterest expense	4,508		2,126		1,883			413		86

Income before income taxes	5,062		2,037		2,712			273		40
Income tax expense⁽³⁾	1,858		748		997			100		13

Net income	$3,204		$1,289		$1,715			$173		$27


Net interest yield ⁽³⁾	8.15	%	2.93	%	8.59		%	2.16	%	n/m
Return on average equity	20.14		35.63		15.02			22.87		n/m
Efficiency ratio ⁽³⁾	39.62		50.70		29.76			58.94		n/m
Average - total loans and leases	$282,390		n/m		$187,898			$83,302		n/m
Average - total deposits	336,105		$329,902		n/m			n/m		n/m
Period end - total assets ⁽⁵⁾	396,150		347,735		225,289			93,395		n/m

(1)

Presented on a managed basis, specifically Card Services.

(2)

For the three months ended June 30, 2007 and 2006, a total of $2.9 billion and $2.1 billion of deposits were migrated from Global Consumer and Small Business Banking to Global Wealth and Investment Management.

(3)

Fully taxable-equivalent basis

(4)

Represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.

(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.		14

Bank of America Corporation

Global Consumer and Small Business Banking Business Results

(Dollars in millions)


	Six Months Ended June 30, 2007
	Total⁽¹⁾			Deposits ⁽²⁾		Card Services ⁽¹⁾		Consumer Real Estate		ALM/ Other
Net interest income ⁽³⁾	$14,179			$4,745		$8,035		$1,070		$329
Noninterest income:
Card income	5,127			1,038		4,086		3		-
Service charges	2,865			2,862		-		3		-
Mortgage banking income	599			-		-		599		-
Gains (losses) on sales of debt securities	(1	)		-		-		-		(1	)
All other income	593			-		440		20		133

Total noninterest income	9,183			3,900		4,526		625		132

Total revenue, net of interest expense	23,362			8,645		12,561		1,695		461
Provision for credit losses⁽⁴⁾	5,505			94		5,156		155		100
Noninterest expense	9,700			4,411		4,062		953		274

Income before income taxes	8,157			4,140		3,343		587		87
Income tax expense⁽³⁾	3,003			1,524		1,231		216		32

Net income	$5,154			$2,616		$2,112		$371		$55


Net interest yield ⁽³⁾	8.27		%	3.04	%	7.96	%	2.10	%	n/m
Return on average equity	16.67			35.39		9.67		20.29		n/m
Efficiency ratio ⁽³⁾	41.52			51.03		32.34		56.22		n/m
Average - total loans and leases	$312,701			n/m		$202,758		$98,721		n/m
Average - total deposits	326,647			$320,612		n/m		n/m		n/m
Period end - total assets ⁽⁵⁾	402,195			336,373		241,890		113,215		n/m


	Six Months Ended June 30, 2006
	Total⁽¹⁾			Deposits ⁽²⁾		Card Services ⁽¹⁾		Consumer Real Estate		ALM/ Other


Net interest income ⁽³⁾	$14,059			$4,660		$8,170		$974		$255
Noninterest income:
Card income	4,635			901		3,730		4		-
Service charges	2,539			2,538		-		1		-
Mortgage banking income	415			-		-		415		-
Gains (losses) on sales of debt securities	(1	)		-		-		-		(1	)
All other income	571			-		427		23		121

Total noninterest income	8,159			3,439		4,157		443		120

Total revenue, net of interest expense	22,218			8,099		12,327		1,417		375

Provision for credit losses⁽⁴⁾	3,708			58		3,542		29		79
Noninterest expense	9,119			4,321		3,803		819		176

Income before income taxes	9,391			3,720		4,982		569		120
Income tax expense⁽³⁾	3,462			1,372		1,838		210		42

Net income	$5,929			$2,348		$3,144		$359		$78


Net interest yield ⁽³⁾	8.25		%	2.91	%	8.76	%	2.23	%	n/m
Return on average equity	18.42			32.62		13.93		23.72		n/m
Efficiency ratio ⁽³⁾	41.04			53.36		30.85		57.75		n/m
Average - total loans and leases	$280,821			n/m		$187,222		$82,372		n/m
Average - total deposits	334,413			$328,557		n/m		n/m		n/m
Period end - total assets ⁽⁵⁾	396,150			347,735		225,289		93,395		n/m

(1)

Presented on a managed basis, specifically Card Services.

(2)

For the six months ended June 30, 2007 and 2006, a total of $6.4 billion and $5.3 billion of deposits were migrated from Global Consumer and Small Business Banking to Global Wealth and Investment Management.

(3)

Fully taxable-equivalent basis

(4)

Represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.

(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.		15

Bank of America Corporation

Global Consumer and Small Business Banking Business Results: Customer Relationship View⁽¹⁾

(Dollars in millions)

Three Months Ended June 30, 2007

Three Months Ended June 30, 2006

Total

Consumer

Mass Market and
Small Business

Total

Consumer

Mass Market and
Small Business

Net interest income ⁽²⁾

$7,150

$6,253

$897

$6,967

$6,166

$801

Noninterest income

4,789

4,146

643

4,410

3,885

525

Total revenue, net of interest expense

11,939

10,399

1,540

11,377

10,051

1,326

Provision for credit losses⁽³⁾

3,094

2,634

460

1,807

1,636

171

Noninterest expense

4,969

4,511

458

4,508

4,095

413

Income before income taxes

3,876

3,254

622

5,062

4,320

742

Income tax expense⁽²⁾

1,417

1,189

228

1,858

1,586

272

Net income

$2,459

$2,065

$394

$3,204

$2,734

$470

Six Months Ended June 30, 2007

Six Months Ended June 30, 2006

Total

Consumer

Mass Market and

Small Business

Total

Consumer

Mass Market and

Small Business

Net interest income ⁽²⁾

$14,179

$12,420

$1,759

$14,059

$12,511

$1,548

Noninterest income

9,183

7,978

1,205

8,159

7,143

1,016

Total revenue, net of interest expense

23,362

20,398

2,964

22,218

19,654

2,564

Provision for credit losses⁽³⁾

5,505

4,761

744

3,708

3,392

316

Noninterest expense

9,700

8,808

892

9,119

8,266

853

Income before income taxes

8,157

6,829

1,328

9,391

7,996

1,395

Income tax expense⁽²⁾

3,003

2,514

489

3,462

2,948

514

Net income

$5,154

$4,315

$839

$5,929

$5,048

$881

(1)

Presented on a managed basis, specifically Card Services.

(2)

Fully taxable-equivalent basis

(3)

Represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan 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.		16

Bank of America Corporation

Global Consumer and Small Business Banking - Key Indicators

(Dollars in millions; except as noted)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006

Deposits Key Indicators
Average deposit balances
Checking	$125,451		$128,053		$125,771		$125,127		$124,441		$125,809		$128,737
Savings	29,882		32,129		30,029		29,732		29,889		31,058		32,303
MMS	63,352		73,929		62,554		64,159		66,066		69,049		72,242
CD’s & IRA’s	99,555		91,769		99,546		99,563		99,165		97,514		93,803
Foreign and other	2,372		2,677		2,382		2,364		2,330		2,600		2,817

Total average deposit balances	$320,612		$328,557		$320,282		$320,945		$321,891		$326,030		$329,902

Total balances migrated to Premier Banking and Investments	$6,408		$5,349		$2,857		$3,551		$3,667		$1,671		$2,111
Deposit spreads (excludes noninterest costs)
Checking	4.25	%	4.18	%	4.27	%	4.24	%	4.23	%	4.19	%	4.18	%
Savings	3.74		3.39		3.71		3.77		3.70		3.45		3.40
MMS	3.39		2.64		3.36		3.42		3.25		2.87		2.76
CD’s & IRA’s	1.11		1.24		1.10		1.13		1.11		1.21		1.24
Foreign and other	4.34		4.26		4.28		4.41		4.27		4.23		4.25
Total deposit spreads	3.05		2.92		3.04		3.05		3.00		2.93		2.94
Net new retail checking (units in thousands)	1,204		1,304		717		487		363		744		701
Debit purchase volumes	$90,990		$81,115		$47,421		$43,569		$45,121		$42,790		$42,596

Online banking (end of period)
Active accounts (units in thousands)	22,190		19,208		22,190		21,813		20,552		19,913		19,208
Active billpay accounts (units in thousands)	11,567		10,188		11,567		11,285		10,832		10,589		10,188
Card Services Key Indicators
Managed Card - US Consumer and Business Card
Gross interest yield	12.84	%	12.53	%	12.82	%	12.85	%	12.98	%	12.85	%	12.52	%
Risk adjusted margin ⁽¹⁾	7.71		9.95		7.61		7.82		8.74		8.84		9.50
Loss rates	5.01		3.31		5.20		4.81		4.57		4.18		3.55
Average outstandings	$147,976		$144,051		$147,972		$147,980		$146,939		$145,518		$143,443
Ending outstandings	150,159		144,142		150,159		146,013		150,731		145,891		144,142
New account growth (in thousands)	4,567		4,485		2,432		2,135		2,488		2,516		2,328
Purchase volumes	$116,900		$113,324		$61,383		$55,517		$62,073		$60,662		$59,817
Delinquencies:
30 Day	5.24	%	4.73	%	5.24	%	5.44	%	5.49	%	5.14	%	4.73	%
90 Day	2.65		2.30		2.65		2.88		2.66		2.38		2.30
Merchant Acquiring Business
Processing volume	$174,345		$185,553		$91,517		$82,828		$95,173		$97,044		$97,229
Total transactions (units in thousands)	4,011		3,956		2,099		1,912		2,102		2,101		2,069

Consumer Real Estate Key Indicators
Mortgage servicing rights at fair value period end balance	$3,269		$3,083		$3,269		$2,963		$2,869		$2,932		$3,083
Capitalized mortgage servicing rights (% of loans serviced)	141	bps	139	bps	141	bps	127	bps	125	bps	127	bps	139	bps
Mortgage loans serviced for investors (in billions)	$232		$221		$232		$234		$230		$230		$221

Global Consumer and Small Business Banking
Mortgage production	$46,401		$36,448		$25,755		$20,646		$21,370		$19,095		$20,968
Home equity production	35,857		31,804		18,547		17,310		18,460		17,497		17,103
Total Corporation
Mortgage production	52,621		40,584		29,172		23,449		23,701		21,222		23,372
Home equity production	43,779		39,891		22,746		21,033		21,882		21,193		21,329

(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.		17

Bank of America Corporation

E-Commerce & BankofAmerica.com

Bank of America has the largest active online banking customer base with 22.2 million subscribers.

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

11.6 million active bill pay users paid $56.3 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 375 companies are presenting 28.8 million e-bills per quarter.

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		This information is preliminary and based on company data available at the time of the presentation.		18

Bank of America Corporation

Credit Card Data ⁽¹⁾

(Dollars in millions)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006

Loans
Period end
Held credit card outstandings	$69,241		$71,566		$69,241		$65,920		$72,194		$70,067		$71,566
Securitization impact	100,611		90,564		100,611		99,495		98,295		94,389		90,564

Managed credit card outstandings	$169,852		$162,130		$169,852		$165,415		$170,489		$164,456		$162,130

Average
Held credit card outstandings	$68,515		$74,920		$68,181		$68,853		$70,177		$71,963		$73,285
Securitization impact	98,966		86,805		99,388		98,539		95,815		92,175		88,032

Managed credit card outstandings	$167,481		$161,725		$167,569		$167,392		$165,992		$164,138		$161,317


Credit Quality
Charge-Offs $
Held net charge-offs	$1,787		$1,433		$893		$894		$963		$923		$780
Securitization impact	2,265		1,287		1,206		1,059		943		825		694

Managed credit card net losses	$4,052		$2,720		$2,099		$1,953		$1,906		$1,748		$1,474

Charge-Offs %
Held net charge-offs	5.26	%	3.86	%	5.25	%	5.27	%	5.44	%	5.09	%	4.27	%
Securitization impact	(0.38)		(0.47)		(0.23)		(0.54)		(0.88)		(0.86)		(0.60)

Managed credit card net losses	4.88	%	3.39	%	5.02	%	4.73	%	4.56	%	4.23	%	3.67	%

30+ Delinquency $
Held delinquency	$3,593		$3,874		$3,593		$3,660		$4,347		$4,234		$3,874
Securitization impact	5,034		3,831		5,034		5,144		4,815		4,152		3,831

Managed delinquency	$8,627		$7,705		$8,627		$8,804		$9,162		$8,386		$7,705

30+ Delinquency %
Held delinquency	5.19	%	5.41	%	5.19	%	5.55	%	6.02	%	6.04	%	5.41	%
Securitization impact	(0.11)		(0.66)		(0.11)		(0.23)		(0.65)		(0.94)		(0.66)

Managed delinquency	5.08	%	4.75	%	5.08	%	5.32	%	5.37	%	5.10	%	4.75	%

90+ Delinquency $
Held delinquency	$1,850		$1,919		$1,850		$1,986		$2,175		$2,036		$1,919
Securitization impact	2,480		1,826		2,480		2,633		2,261		1,860		1,826

Managed delinquency	$4,330		$3,745		$4,330		$4,619		$4,436		$3,896		$3,745

90+ Delinquency %
Held delinquency	2.67	%	2.68	%	2.67	%	3.01	%	3.01	%	2.91	%	2.68	%
Securitization impact	(0.12)		(0.37)		(0.12)		(0.22)		(0.41)		(0.54)		(0.37)

Managed delinquency	2.55	%	2.31	%	2.55	%	2.79	%	2.60	%	2.37	%	2.31	%

(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.		19

Bank of America Corporation

Global Corporate and Investment Banking Segment Results ⁽¹⁾

(Dollars in millions)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Net interest income ⁽²⁾	$5,030		$4,930		$2,618		$2,412		$2,503		$2,399		$2,441
Noninterest income:
Service charges	1,336		1,313		683		653		659		676		663
Investment and brokerage services	453		492		221		232		225		225		246
Investment banking income	1,524		1,166		821		703		756		554		644
Trading account profits	1,715		1,831		877		838		429		706		855
Gains (losses) on sales of debt securities	2		10		-		2		13		11		(4	)
All other income	1,077		857		594		483		479		400		470

Total noninterest income	6,107		5,669		3,196		2,911		2,561		2,572		2,874

Total revenue, net of interest expense	11,137		10,599		5,814		5,323		5,064		4,971		5,315

Provision for credit losses	156		47		41		115		(73	)	36		22
Noninterest expense	6,035		5,596		3,135		2,900		2,969		2,797		2,764

Income before income taxes	4,946		4,956		2,638		2,308		2,168		2,138		2,529
Income tax expense⁽²⁾	1,829		1,836		968		861		803		789		934

Net income	$3,117		$3,120		$1,670		$1,447		$1,365		$1,349		$1,595


Net interest yield ⁽²⁾	1.53	%	1.71	%	1.56	%	1.50	%	1.52	%	1.54	%	1.65	%
Return on average equity	15.27		14.91		16.15		14.36		13.49		13.32		15.09
Efficiency ratio ⁽²⁾	54.18		52.80		53.91		54.47		58.63		56.27		52.01

Balance sheet

Average
Total loans and leases	$250,913		$228,080		$253,895		$247,898		$239,385		$234,800		$231,073
Total trading-related assets	368,896		323,316		377,171		360,530		361,247		339,119		330,816
Total market-based earning assets ⁽³⁾	416,928		347,170		425,647		408,113		405,811		376,010		357,617
Total earning assets⁽⁴⁾	661,832		582,075		673,184		650,353		652,272		619,097		595,013
Total assets ⁽⁴⁾	747,997		664,968		762,794		733,036		732,017		696,904		681,000
Total deposits	214,307		190,142		220,063		208,488		204,395		194,728		193,620
Allocated equity	41,163		42,203		41,459		40,863		40,150		40,191		42,392

Period end
Total loans and leases	$257,537		$234,643		$257,537		$249,861		$242,700		$235,807		$234,643
Total trading-related assets	342,629		292,891		342,629		333,681		309,097		296,054		292,891
Total market-based earning assets ⁽³⁾	386,187		322,574		386,187		384,294		347,624		337,740		322,574
Total earning assets ⁽⁴⁾	637,880		566,750		637,880		628,831		599,326		581,733		566,750
Total assets ⁽⁴⁾	728,498		646,861		728,498		713,868		683,264		664,748		646,861
Total deposits	221,771		191,661		221,771		210,055		211,979		191,552		191,661

(1)

Global Corporate and Investment Banking has three primary businesses: Business Lending, Capital Markets and Advisory Services, and Treasury Services. In addition, ALM/Other includes the results of ALM activities and other Global Corporate and Investment Banking activities.

(2)

Fully taxable-equivalent basis

(3)

Total market-based earning assets represents market-based amounts included in the Capital Markets and Advisory Services business.

(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.		20

Bank of America Corporation

Global Corporate and Investment Banking Business Results

(Dollars in millions)


	Three Months Ended June 30, 2007
	Total		Business Lending		Capital Markets and Advisory Services ⁽¹⁾		Treasury Services		ALM/ Other

Net interest income ⁽²⁾	$2,618		$1,106		$657		$927		$(72	)
Noninterest income:
Service charges	683		122		36		525		-
Investment and brokerage services	221		1		210		10		-
Investment banking income	821		-		820		-		1
Trading account profits	877		5		850		16		6
Gains (losses) on sales of debt securities	-		-		-		-		-
All other income	594		268		90		211		25

Total noninterest income	3,196		396		2,006		762		32

Total revenue, net of interest expense	5,814		1,502		2,663		1,689		(40	)

Provision for credit losses	41		34		(2	)	9		-
Noninterest expense	3,135		533		1,654		859		89

Income before income taxes	2,638		935		1,011		821		(129	)
Income tax expense (benefit)⁽²⁾	968		346		372		303		(53	)

Net income	$1,670		$589		$639		$518		$(76	)

Net interest yield ⁽²⁾	1.56	%	1.91	%	n/m		2.63	%	n/m
Return on average equity	16.15		16.21		21.09	%	28.44		n/m
Efficiency ratio ⁽²⁾	53.91		35.56		62.06		50.87		n/m
Average - total loans and leases	$253,895		$229,479		$18,560		$4,773		n/m
Average - total deposits	220,063		n/m		66,307		153,123		n/m
Period end - total assets ⁽³⁾	728,498		250,751		435,121		163,076		n/m

	Three Months Ended June 30, 2006
	Total		Business Lending		Capital Markets and Advisory Services		Treasury Services		ALM/ Other

Net interest income ⁽²⁾	$2,441		$1,158		$380		$960		$(57	)
Noninterest income:
Service charges	663		123		28		511		1
Investment and brokerage services	246		5		234		8		(1	)
Investment banking income	644		-		644		-		-
Trading account profits	855		19		802		13		21
Gains (losses) on sales of debt securities	(4	)	(4	)	(1	)	-		1
All other income	470		202		75		181		12

Total noninterest income	2,874		345		1,782		713		34

Total revenue, net of interest expense	5,315		1,503		2,162		1,673		(23	)

Provision for credit losses	22		20		8		(5	)	(1	)
Noninterest expense	2,764		522		1,388		827		27

Income before income taxes	2,529		961		766		851		(49	)
Income tax expense (benefit)⁽²⁾	934		368		283		315		(32	)

Net income	$1,595		$593		$483		$536		$(17	)

Net interest yield ⁽²⁾	1.65	%	2.04	%	n/m		2.77	%	n/m
Return on average equity	15.09		14.23		17.26	%	31.19		n/m
Efficiency ratio ⁽²⁾	52.01		34.71		64.21		49.44		n/m
Average - total loans and leases	$231,073		$214,315		$11,460		$4,425		n/m
Average - total deposits	193,620		n/m		45,857		147,192		n/m
Period end - total assets ⁽³⁾	646,861		237,649		359,013		157,738		n/m

(1) Includes $22 million of net interest income on loans for which the fair value option has been elected and is not considered market-based income.

(2) Fully taxable-equivalent basis

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

n/m = not meaningful

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


This information is preliminary and based on company data available at the time of the presentation.		21

Bank of America Corporation

Global Corporate and Investment Banking Business Results

(Dollars in millions)


	Six Months Ended June 30, 2007
	Total		Business Lending		Capital Markets and Advisory Services ⁽¹⁾		Treasury Services		ALM/ Other

Net interest income ⁽²⁾	$5,030		$2,181		$1,141		$1,860		$(152	)
Noninterest income:
Service charges	1,336		247		63		1,026		-
Investment and brokerage services	453		1		431		21		-
Investment banking income	1,524		-		1,523		-		1
Trading account profits	1,715		2		1,672		28		13
Gains (losses) on sales of debt securities	2		-		2		-		-
All other income	1,077		419		191		377		90

Total noninterest income	6,107		669		3,882		1,452		104

Total revenue, net of interest expense	11,137		2,850		5,023		3,312		(48	)

Provision for credit losses	156		139		9		10		(2	)
Noninterest expense	6,035		1,049		3,162		1,704		120

Income before income taxes	4,946		1,662		1,852		1,598		(166	)
Income tax expense (benefit)⁽²⁾	1,829		615		685		591		(62	)

Net income	$3,117		$1,047		$1,167		$1,007		$(104	)


Net interest yield ⁽²⁾	1.53	%	1.89	%	n/m		2.67	%	n/m
Return on average equity	15.27		14.61		19.81	%	27.73		n/m
Efficiency ratio ⁽²⁾	54.18		36.85		62.94		51.45		n/m
Average - total loans and leases	$250,913		$228,978		$16,354		$4,534		n/m
Average - total deposits	214,307		n/m		62,674		151,036		n/m
Period end - total assets ⁽³⁾	728,498		250,751		435,121		163,076		n/m

	Six Months Ended June 30, 2006
	Total		Business Lending		Capital Markets and Advisory Services		Treasury Services		ALM/ Other

Net interest income ⁽²⁾	$4,930		$2,320		$792		$1,907		$(89	)
Noninterest income:
Service charges	1,313		249		61		1,004		(1	)
Investment and brokerage services	492		9		467		15		1
Investment banking income	1,166		-		1,166		-		-
Trading account profits	1,831		34		1,748		25		24
Gains (losses) on sales of debt securities	10		5		4		-		1
All other income	857		245		233		348		31

Total noninterest income	5,669		542		3,679		1,392		56

Total revenue, net of interest expense	10,599		2,862		4,471		3,299		(33	)

Provision for credit losses	47		35		11		1		-
Noninterest expense	5,596		1,028		2,861		1,644		63

Income before income taxes	4,956		1,799		1,599		1,654		(96	)
Income tax expense (benefit)⁽²⁾	1,836		678		592		612		(46	)

Net income	$3,120		$1,121		$1,007		$1,042		$(50	)


Net interest yield ⁽²⁾	1.71	%	2.07	%	n/m		2.75	%	n/m
Return on average equity	14.91		13.60		18.22	%	28.24		n/m
Efficiency ratio ⁽²⁾	52.80		35.92		63.99		49.83		n/m
Average - total loans and leases	$228,080		$212,641		$10,443		$4,125		n/m
Average - total deposits	190,142		n/m		42,719		146,881		n/m
Period end - total assets ⁽³⁾	646,861		237,649		359,013		157,738		n/m

(1)

Includes $22 million of net interest income on loans for which the fair value option has been elected and is not considered market-based income.

(2)

Fully taxable-equivalent basis

(3)

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

n/m = not meaningful

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


This information is preliminary and based on company data available at the time of the presentation.		22

Bank of America Corporation

Global Corporate and Investment Banking Business Results: Customer Relationship View

(Dollars in millions)


	Three Months Ended June 30, 2007
	Total		Commercial		Corporate and Investment Bank		Other
Net interest income ⁽¹⁾	$2,618		$1,651		$1,071		$(104	)
Noninterest income:
Service charges	683		321		362		-
Investment and brokerage services	221		8		213		-
Investment banking income	821		20		800		1
Trading account profits	877		8		863		6
Gains (losses) on sales of debt securities	-		-		-		-
All other income	594		463		119		12

Total noninterest income	3,196		820		2,357		19

Total revenue, net of interest expense	5,814		2,471		3,428		(85	)

Provision for credit losses	41		37		4		-
Noninterest expense	3,135		828		2,230		77

Income before income taxes	2,638		1,606		1,194		(162	)
Income tax expense (benefit)⁽¹⁾	968		595		439		(66	)

Net income	$1,670		$1,011		$755		$(96	)

Net interest yield ⁽¹⁾	1.56	%	3.36	%	n/m		n/m
Return on average equity	16.15		25.57		16.75	%	n/m
Efficiency ratio ⁽¹⁾	53.91		33.48		65.08		n/m
Average - total loans and leases	$253,895		$192,864		$60,010		n/m
Average - total deposits	220,063		86,414		133,126		n/m
Period end - total assets ⁽²⁾	728,498		213,837		494,753		n/m

	Three Months Ended June 30, 2006
	Total		Commercial		Corporate and Investment Bank		Other
Net interest income ⁽¹⁾	$2,441		$1,717		$831		$(107	)
Noninterest income:
Service charges	663		308		354		1
Investment and brokerage services	246		11		236		(1	)
Investment banking income	644		14		630		-
Trading account profits	855		22		812		21
Gains (losses) on sales of debt securities	(4	)	-		(4	)	-
All other income	470		399		62		9

Total noninterest income	2,874		754		2,090		30

Total revenue, net of interest expense	5,315		2,471		2,921		(77	)

Provision for credit losses	22		46		(17	)	(7	)
Noninterest expense	2,764		764		1,936		64

Income before income taxes	2,529		1,661		1,002		(134	)
Income tax expense (benefit)⁽¹⁾	934		626		372		(64	)

Net income	$1,595		$1,035		$630		$(70	)

Net interest yield ⁽¹⁾	1.65	%	3.73	%	n/m		n/m
Return on average equity	15.09		25.25		13.75	%	n/m
Efficiency ratio ⁽¹⁾	52.01		30.90		66.24		n/m
Average - total loans and leases	$231,073		$181,113		$49,088		n/m
Average - total deposits	193,620		87,935		105,286		n/m
Period end - total assets ⁽²⁾	646,861		203,336		424,400		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.		23

Bank of America Corporation

Global Corporate and Investment Banking Business Results: Customer Relationship View

(Dollars in millions)


	Six Months Ended June 30, 2007
	Total		Commercial		Corporate and Investment Bank		Other

Net interest income ⁽¹⁾	$5,030		$3,265		$1,970		$(205	)
Noninterest income:
Service charges	1,336		626		710		-
Investment and brokerage services	453		17		436		-
Investment banking income	1,524		35		1,488		1
Trading account profits	1,715		6		1,696		13
Gains (losses) on sales of debt securities	2		-		2		-
All other income	1,077		825		192		60

Total noninterest income	6,107		1,509		4,524		74

Total revenue, net of interest expense	11,137		4,774		6,494		(131	)

Provision for credit losses	156		133		21		2
Noninterest expense	6,035		1,664		4,307		64

Income before income taxes	4,946		2,977		2,166		(197	)
Income tax expense (benefit)⁽¹⁾	1,829		1,102		801		(74	)

Net income	$3,117		$1,875		$1,365		$(123	)


Net interest yield ⁽¹⁾	1.53	%	3.36	%	n/m		n/m
Return on average equity	15.27		24.04		15.43	%	n/m
Efficiency ratio ⁽¹⁾	54.18		34.86		66.32		n/m
Average - total loans and leases	$250,913		$191,645		$58,281		n/m
Average - total deposits	214,307		86,802		127,028		n/m
Period end - total assets ⁽²⁾	728,498		213,837		494,753		n/m

	Six Months Ended June 30, 2006
	Total		Commercial		Corporate and Investment Bank		Other

Net interest income ⁽¹⁾	$4,930		$3,455		$1,693		$(218	)
Noninterest income:
Service charges	1,313		608		706		(1	)
Investment and brokerage services	492		20		471		1
Investment banking income	1,166		23		1,143		-
Trading account profits	1,831		38		1,769		24
Gains (losses) on sales of debt securities	10		-		10		-
All other income	857		700		142		15

Total noninterest income	5,669		1,389		4,241		39

Total revenue, net of interest expense	10,599		4,844		5,934		(179	)

Provision for credit losses	47		128		(74)		(7	)
Noninterest expense	5,596		1,520		3,967		109

Income before income taxes	4,956		3,196		2,041		(281	)
Income tax expense (benefit)⁽¹⁾	1,836		1,194		757		(115	)

Net income	$3,120		$2,002		$1,284		$(166	)


Net interest yield ⁽¹⁾	1.71	%	3.81	%	n/m		n/m
Return on average equity	14.91		23.90		14.11	%	n/m
Efficiency ratio ⁽¹⁾	52.80		31.38		66.86		n/m
Average - total loans and leases	$228,080		$179,475		$47,729		n/m
Average - total deposits	190,142		89,031		100,744		n/m
Period end - total assets ⁽²⁾	646,861		203,336		424,400		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.		24

Bank of America Corporation

Global Corporate and Investment Banking - Business Lending Key Indicators

(Dollars in millions)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Business lending revenue, net of interest expense
Corporate lending⁽¹⁾	$380		$343		$201		$179		$153		$177		$198
Commercial lending	2,089		2,155		1,100		989		1,041		1,015		1,121
Consumer indirect lending	381		364		201		180		176		183		184

Total revenue, net of interest expense	$2,850		$2,862		$1,502		$1,348		$1,370		$1,375		$1,503


Business lending margin
Corporate lending	1.20	%	1.33	%	1.18	%	1.22	%	1.33	%	1.24	%	1.36	%
Commercial lending	1.46		1.69		1.49		1.44		1.52		1.57		1.65
Consumer indirect lending	1.69		1.83		1.72		1.66		1.78		1.74		1.78

Provision for credit losses
Corporate lending	$3		$(86	)	$(4	)	$7		$(96	)	$(22	)	$(20	)
Commercial lending	(19	)	(16	)	(3	)	(16	)	(60	)	10		(22	)
Consumer indirect lending	155		137		41		114		70		65		62

Total provision for credit losses	$139		$35		$34		$105		$(86	)	$53		$20


Credit quality (% vs. loans) ^{(2, 3, 4)}

Criticized assets
Corporate lending	$770		$1,456		$770		$935		$1,297		$1,434		$1,456
	0.95	%	2.09	%	0.95	%	1.23	%	1.87	%	2.02	%	2.09	%
Commercial lending	$5,634		$4,626		$5,634		$5,509		$4,987		$5,175		$4,626
	3.13	%	2.65	%	3.13	%	3.09	%	2.80	%	2.94	%	2.65	%

Total criticized assets	$6,404		$6,082		$6,404		$6,444		$6,284		$6,609		$6,082
	2.45	%	2.49	%	2.45	%	2.54	%	2.54	%	2.68	%	2.49	%

Nonperforming assets
Corporate lending	$21		$165		$21		$29		$138		$143		$165
	0.06	%	0.51	%	0.06	%	0.08	%	0.40	%	0.42	%	0.51	%
Commercial lending	$688		$463		$688		$564		$487		$402		$463
	0.46	%	0.32	%	0.46	%	0.38	%	0.33	%	0.27	%	0.32	%

Total nonperforming assets	$709		$628		$709		$593		$625		$545		$628
	0.38	%	0.35	%	0.38	%	0.32	%	0.34	%	0.30	%	0.35	%

Average loans and leases by product
Commercial	$117,116		$109,452		$116,465		$117,775		$115,224		$112,472		$110,490
Leases	21,590		20,261		21,725		21,454		20,908		20,379		20,425
Foreign	13,828		11,969		14,049		13,604		13,110		12,623		12,186
Real estate	34,230		34,791		34,476		33,981		34,422		35,196		34,803
Consumer	40,145		33,880		40,792		39,490		35,539		35,752		34,156
Other	2,069		2,288		1,972		2,169		2,205		2,205		2,255

Total average loans and leases	$228,978		$212,641		$229,479		$228,473		$221,408		$218,627		$214,315


(1)Total corporate lending revenue	$380		$343		$201		$179		$153		$177		$198
Less: impact of credit mitigation	(14	)	(123	)	(3	)	(11	)	(63	)	(36	)	(39	)

Corporate lending revenues excluding credit mitigation	$394		$466		$204		$190		$216		$213		$237

(2)

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.

(3)

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.

(4)

Criticized assets related to the fair value option portfolio are not included. 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.		25

Bank of America Corporation

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

(Dollars in millions)


	Six Months Ended June 30		Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006	Third Quarter 2006	Second Quarter 2006
	2007	2006	Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006	Third Quarter 2006	Second Quarter 2006
Investment banking income
Advisory fees	$240	$129	$110	$130	$123	$85	$53
Debt underwriting	1,113	858	610	503	549	417	478
Equity underwriting	170	179	100	70	84	52	113

Total investment banking income	1,523	1,166	820	703	756	554	644


Sales and trading
Fixed income:
Liquid products	946	1,269	539	407	434	425	640
Credit products	803	438	326	477	146	237	140
Structured products	873	730	521	352	346	373	382

Total fixed income	2,622	2,437	1,386	1,236	926	1,035	1,162
Equity income	856	868	435	421	373	330	356

Total sales and trading	3,478	3,305	1,821	1,657	1,299	1,365	1,518

Total Capital Markets and Advisory
Services market-based revenue⁽¹⁾	$5,001	$4,471	$2,641	$2,360	$2,055	$1,919	$2,162


Balance sheet (average)
Trading account securities	$178,364	$130,337	$185,202	$171,450	$163,842	$143,285	$130,317
Reverse repurchases	68,636	72,843	70,802	66,446	74,803	73,136	70,571
Securities borrowed	94,910	95,759	92,056	97,795	98,371	98,375	102,758
Derivative assets	24,362	22,591	26,641	22,057	21,437	22,040	25,259

Total trading-related assets	$366,272	$321,530	$374,701	$357,748	$358,453	$336,836	$328,905


Sales credits from secondary trading
Liquid products	561	515	284	277	249	226	261
Credit products	628	394	335	293	233	191	206
Structured products	430	327	217	213	168	162	164
Equities	587	335	303	284	195	192	186

Total sales credits	2,206	1,571	1,139	1,067	845	771	817


Volatility of product revenues - 1 std dev
Liquid products	$9.1	$6.3	$9.0	$9.1	$7.2	$7.8	$6.6
Credit products	6.2	3.7	6.3	6.0	2.9	2.5	3.6
Structured products	7.5	5.5	7.2	7.6	4.9	4.6	5.5
Equities	5.6	4.9	6.3	4.9	4.2	3.6	5.5
Total volatility	15.4	10.1	16.2	14.6	12.1	9.3	10.9

(1) Market-based revenue for the three and six months ended June 30, 2007 excludes $22 million of net interest income on loans for which the fair value option has been elected.

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.		26

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

Highlights

•

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.		27

Bank of America Corporation

Global Wealth and Investment Management Segment Results ⁽¹⁾

(Dollars in millions, except as noted)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Net interest income ⁽²⁾	$1,884		$1,861		$958		$926		$924		$887		$922
Noninterest income:
Investment and brokerage services	1,882		1,666		972		910		889		828		852
All other income	130		155		78		52		86		63		79

Total noninterest income	2,012		1,821		1,050		962		975		891		931

Total revenue, net of interest expense	3,896		3,682		2,008		1,888		1,899		1,778		1,853

Provision for credit losses	9		(40	)	(14	)	23		2		-		(40	)
Noninterest expense	2,061		1,938		1,044		1,017		1,000		972		971

Income before income taxes	1,826		1,784		978		848		897		806		922
Income tax expense⁽²⁾	675		661		359		316		332		297		340

Net income	$1,151		$1,123		$619		$532		$565		$509		$582

Net interest yield ⁽²⁾	3.18	%	3.62	%	3.17	%	3.19	%	3.34	%	3.41	%	3.57	%
Return on average equity	23.33		22.52		25.06		21.60		22.15		20.72		24.59
Efficiency ratio ⁽²⁾	52.89		52.65		51.97		53.87		52.64		54.67		52.40

Balance sheet

Average
Total loans and leases	$66,908		$58,979		$67,964		$65,841		$63,935		$61,686		$59,803
Total earning assets ⁽³⁾	119,384		103,552		121,095		117,654		109,763		103,313		103,441
Total assets ⁽³⁾	126,908		111,105		128,563		125,235		117,323		110,787		110,989
Total deposits	116,615		101,140		118,255		114,958		106,325		100,916		101,251
Allocated equity	9,946		10,058		9,910		9,982		10,123		9,743		9,491

Period end
Total loans and leases	$69,217		$60,996		$69,217		$66,695		$65,535		$62,736		$60,996
Total earning assets ⁽³⁾	121,833		102,035		121,833		120,725		117,376		104,620		102,035
Total assets ⁽³⁾	129,544		109,759		129,544		128,547		125,324		112,401		109,759
Total deposits	118,973		100,360		118,973		118,125		113,569		102,251		100,360

Client assets
Assets under management	$566,267		$500,144		$566,267		$547,448		$542,977		$517,055		$500,144
Client brokerage assets ⁽⁴⁾	213,711		186,798		213,711		209,106		203,799		193,699		186,798
Assets in custody	109,360		102,236		109,360		109,163		107,902		100,130		102,236
Less: Client brokerage assets and assets in custody included in assets under management	(80,784	)	(58,686	)	(80,784	)	(73,793	)	(67,509	)	(64,178	)	(58,686	)

Total net client assets	$808,554		$730,492		$808,554		$791,924		$787,169		$746,706		$730,492

(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 primarily includes the results of ALM activities.

(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.

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.		28

Bank of America Corporation

Global Wealth and Investment Management Business Results

(Dollars in millions)


	Three Months Ended June 30, 2007
	Total		Private Bank		Columbia Management		Premier Banking and Investments ⁽¹⁾		ALM/ Other

Net interest income ⁽²⁾	$958		$225		$2		$672		$59
Noninterest income:
Investment and brokerage services	972		248		444		233		47
All other income	78		13		25		36		4

Total noninterest income	1,050		261		469		269		51

Total revenue, net of interest expense	2,008		486		471		941		110

Provision for credit losses	(14	)	(12	)	-		(1	)	(1	)
Noninterest expense	1,044		300		281		416		47

Income before income taxes	978		198		190		526		64
Income tax expense⁽²⁾	359		73		70		195		21

Net income	$619		$125		$120		$331		$43


Net interest yield ⁽²⁾	3.17	%	2.69	%	n/m		2.81	%	n/m
Return on average equity	25.06		35.90		29.58	%	83.98		n/m
Efficiency ratio ⁽²⁾	51.97		61.67		59.71		44.29		n/m
Average - total loans and leases	$67,964		$33,666		n/m		$34,285		n/m
Average - total deposits	118,255		21,967		n/m		96,249		n/m
Period end - total assets ⁽³⁾	129,544		35,096		$2,608		98,400		n/m

	Three Months Ended June 30, 2006

	Total		Private Bank		Columbia Management		Premier Banking and Investments ⁽¹⁾		ALM/ Other
Net interest income ⁽²⁾	$922		$230		$(11	)	$644		$59
Noninterest income:
Investment and brokerage services	852		236		377		188		51
All other income	79		22		12		36		9

Total noninterest income	931		258		389		224		60

Total revenue, net of interest expense	1,853		488		378		868		119

Provision for credit losses	(40	)	(44	)	-		4		-
Noninterest expense	971		288		249		371		63

Income before income taxes	922		244		129		493		56
Income tax expense⁽²⁾	340		91		48		182		19

Net income	$582		$153		$81		$311		$37


Net interest yield ⁽²⁾	3.57	%	3.06	%	n/m		3.04	%	n/m
Return on average equity	24.59		44.89		20.46	%	76.97		n/m
Efficiency ratio ⁽²⁾	52.40		59.02		65.85		42.72		n/m
Average - total loans and leases	$59,803		$30,153		n/m		$29,627		n/m
Average - total deposits	101,251		15,879		n/m		85,309		n/m
Period end - total assets ⁽³⁾	109,759		31,494		$2,885		86,087		n/m

(1)

For the three months ended June 30, 2007 and 2006, a total of $2.9 billion and $2.1 billion of deposits were migrated to Global Wealth and Investment Management from Global Consumer and Small Business Banking.

(2)

Fully taxable-equivalent basis

(3)

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

n/m = not meaningful

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


This information is preliminary and based on company data available at the time of the presentation.		29

Bank of America Corporation

Global Wealth and Investment Management Business Results

(Dollars in millions)


	Six Months Ended June 30, 2007
	Total		Private Bank		Columbia Management		Premier Banking and Investments ⁽¹⁾		ALM/ Other

Net interest income ⁽²⁾	$1,884		$448		$3		$1,330		$103
Noninterest income:
Investment and brokerage services	1,882		471		867		447		97
All other income	130		24		26		71		9

Total noninterest income	2,012		495		893		518		106

Total revenue, net of interest expense	3,896		943		896		1,848		209
Provision for credit losses	9		9		-		-		-
Noninterest expense	2,061		609		554		826		72

Income before income taxes	1,826		325		342		1,022		137
Income tax expense⁽²⁾	675		120		126		378		51

Net income	$1,151		$205		$216		$644		$86


Net interest yield ⁽²⁾	3.18	%	2.72	%	n/m		2.83	%	n/m
Return on average equity	23.33		29.15		26.28	%	81.15		n/m
Efficiency ratio ⁽²⁾	52.89		64.66		61.83		44.69		n/m
Average - total loans and leases	$66,908		$33,192		n/m		$33,702		n/m
Average - total deposits	116,615		21,669		n/m		94,904		n/m
Period end - total assets ⁽³⁾	129,544		35,096		$2,608		98,400		n/m

	Six Months Ended June 30, 2006
	Total		Private Bank		Columbia Management		Premier Banking and Investments ⁽¹⁾		ALM/ Other

Net interest income ⁽²⁾	$1,861		$455		$(21	)	$1,271		$156
Noninterest income:
Investment and brokerage services	1,666		457		741		367		101
All other income	155		58		22		60		15

Total noninterest income	1,821		515		763		427		116

Total revenue, net of interest expense	3,682		970		742		1,698		272
Provision for credit losses	(40	)	(48	)	-		8		-
Noninterest expense	1,938		584		486		765		103

Income before income taxes	1,784		434		256		925		169
Income tax expense⁽²⁾	661		161		94		342		64

Net income	$1,123		$273		$162		$583		$105


Net interest yield ⁽²⁾	3.62	%	3.05	%	n/m		3.02	%	n/m
Return on average equity	22.52		41.14		20.38	%	73.16		n/m
Efficiency ratio ⁽²⁾	52.65		60.21		65.46		45.08		n/m
Average - total loans and leases	$58,979		$30,080		n/m		$28,878		n/m
Average - total deposits	101,140		15,856		n/m		85,218		n/m
Period end - total assets ⁽³⁾	109,759		31,494		$2,885		86,087		n/m

(1)

For the six months ended June 30, 2007 and 2006, a total of $6.4 billion and $5.3 billion of deposits were migrated to Global Wealth and Investment Management from Global Consumer and Small Business Banking.

(2)

Fully taxable-equivalent basis

(3)

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

n/m = not meaningful

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


This information is preliminary and based on company data available at the time of the presentation.		30

Bank of America Corporation

Global Wealth and Investment Management - Key Indicators

(Dollars in millions, except as noted)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	2007		2006		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
Investment and Brokerage Services

The Private Bank
Asset management fees	$457		$444		$240		$217		$211		$211		$228
Brokerage income	14		13		8		6		6		6		8

Total	$471		$457		$248		$223		$217		$217		$236


Columbia Management
Asset management fees	$865		$739		$443		$422		$416		$373		$376
Brokerage income	2		2		1		1		1		1		1

Total	$867		$741		$444		$423		$417		$374		$377


Premier Banking and Investments
Asset management fees	$126		$87		$66		$60		$53		$50		$47
Brokerage income	321		280		167		154		149		133		141

Total	$447		$367		$233		$214		$202		$183		$188


All Other
Asset management fees	$97		$101		$47		$50		$53		$54		$51
Brokerage income	-		-		-		-		-		-		-

Total	$97		$101		$47		$50		$53		$54		$51


Total Global Wealth and Investment Management
Asset management fees	$1,545		$1,371		$796		$749		$733		$688		$702
Brokerage income	337		295		176		161		156		140		150

Total investment and brokerage services	$1,882		$1,666		$972		$910		$889		$828		$852


Assets Under Management

Assets under management by business:
Private Bank	$144,054		$132,178		$144,054		$140,521		$139,172		$134,917		$132,178
Columbia Management	453,092		394,355		453,092		438,651		433,426		410,781		394,355
Global Products Group ⁽¹⁾	27,043		31,313		27,043		25,481		31,197		31,799		31,313
Premier Banking and Investments	22,183		16,116		22,183		20,312		18,640		16,804		16,116
Eliminations ⁽²⁾	(81,653	)	(75,981	)	(81,653	)	(79,568	)	(81,435	)	(79,256	)	(75,981	)
International Wealth Management	1,548		2,163		1,548		2,051		1,977		2,010		2,163

Total assets under management	$566,267		$500,144		$566,267		$547,448		$542,977		$517,055		$500,144


Assets under management rollforward:
Beginning balance	$542,977		$482,394		$547,448		$542,977		$517,055		$500,144		$493,930
Net flows ⁽¹⁾	8,321		10,367		6,654		1,668		15,108		10,901		10,693
Market valuation/other	14,969		7,383		12,165		2,803		10,814		6,010		(4,479	)

Ending balance	$566,267		$500,144		$566,267		$547,448		$542,977		$517,055		$500,144


Assets under management mix:
Money market/other	$213,481		$192,325		$213,481		$208,482		$208,549		$198,385		$192,325
Fixed income	83,425		83,699		83,425		84,504		86,665		87,125		83,699
Equity	269,361		224,120		269,361		254,462		247,763		231,545		224,120

Total assets under management	$566,267		$500,144		$566,267		$547,448		$542,977		$517,055		$500,144


Client Brokerage Assets	$213,711		$186,798		$213,711		$209,106		$203,799		$193,699		$186,798

Premier Banking and Investments Metrics

Client facing associates
Number of client managers	2,498		2,196		2,498		2,525		2,420		2,292		2,196
Number of financial advisors	1,888		1,869		1,888		1,927		1,954		1,905		1,869
All other	1,094		1,085		1,094		1,218		1,207		1,093		1,085

Total client facing associates	5,480		5,150		5,480		5,670		5,581		5,290		5,150


Financial Advisor Productivity ⁽³⁾ (in thousands)	$216		$184		$114		$102		$98		$91		$95

Total client balances ⁽⁴⁾	$292,455		$255,909		$292,455		$288,138		$279,659		$265,612		$255,909

Number of Households with Banking and Brokerage Relationships (in thousands)	256		235		256		248		244		238		235

Private Bank Metrics

Client facing associates	2,105		2,001		2,105		2,144		2,121		2,045		2,001
Total client balances ⁽⁴⁾	$227,086		$203,761		$227,086		$222,414		$219,911		$206,777		$203,761

Columbia Management Performance Metrics

# of 4 or 5 Star Funds by Morningstar	40		37		40		38		35		36		37

% of Assets Under Management in 4 or 5 Star Rated Funds ⁽⁵⁾	51	%	59	%	51	%	58	%	57	%	61	%	59	%

(1)

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

(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 full service gross production divided by average number of total financial advisors.

(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.		31

Bank of America Corporation

All Other Results ⁽¹⁾

(Dollars in millions)


	Six Months Ended June 30				Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006
	Six Months Ended June 30
	2007		2006
Net interest income ⁽²⁾	$(3,715	)	$(2,884	)	$(1,945	)	$(1,770	)	$(1,628	)	$(1,419	)	$(1,404	)
Noninterest income:
Card income	1,397		2,129		676		721		826		841		961
Equity investment gains	2,615		1,148		1,719		896		1,031		687		577
Gains (losses) on sales of debt securities	63		(4	)	2		61		9		(480	)	(5	)
All other income	(313	)	(418	)	(255	)	(58	)	(120	)	634		(159	)

Total noninterest income	3,762		2,855		2,142		1,620		1,746		1,682		1,374

Total revenue, net of interest expense	47		(29	)	197		(150	)	118		263		(30	)
Provision for credit losses ⁽³⁾	(2,625	)	(1,440	)	(1,311	)	(1,314	)	(1,136	)	(920	)	(784	)
Merger and restructuring charges	186		292		75		111		244		269		194
All other noninterest expense	208		696		(130	)	338		31		116		280

Income before income taxes	2,278		423		1,563		715		979		798		280
Income tax expense ⁽²⁾	684		134		550		134		262		226		186

Net income	$1,594		$289		$1,013		$581		$717		$572		$94


Balance sheet

Average
Total loans and leases	$96,671		$57,983		$101,094		$92,198		$80,663		$85,962		$62,383
Total earning assets	213,153		207,468		217,875		208,381		198,849		242,911		212,348
Total assets	265,713		263,791		268,867		262,525		252,391		297,294		267,961
Total deposits	34,329		41,655		31,976		36,706		41,563		48,629		43,820

Period end
Total loans and leases	$107,429		$86,429		$107,429		$97,085		$90,594		$76,399		$86,429
Total earning assets	223,924		239,351		223,924		203,563		200,968		190,479		239,351
Total assets	274,122		292,423		274,122		252,045		252,836		273,836		292,423
Total deposits	31,687		46,017		31,687		29,653		38,704		39,258		46,017

(1)

All Other consists of equity investment activities including Principal Investing, Corporate Investments and Strategic Investments, the residual impacts of the allowance for credit losses and the cost allocation processes, merger and restructuring charges, intersegment eliminations, and the results of certain businesses that are expected to be or have been sold or liquidated. All Other also includes certain amounts associated with 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. In addition, All Other 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 - Reconciliation on page 42).

(2)

Fully taxable-equivalent basis

(3)

Represents the provision for credit losses in All Other combined with the Global Consumer and Small Business Banking securitization offset.

Components of Equity Investment Gains

(Dollars in millions)


	Six Months Ended June 30		Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006	Third Quarter 2006	Second Quarter 2006
	2007	2006	Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006	Third Quarter 2006	Second Quarter 2006
Principal Investing	$1,825	$743	$1,250	$575	$547	$604	$417
Corporate and Strategic Investments	790	405	469	321	484	83	160

Total equity investment gains included in All Other	2,615	1,148	1,719	896	1,031	687	577
Total equity investment gains included in the business segments	228	269	110	118	36	18	122

Total consolidated equity investment gains	$2,843	$1,417	$1,829	$1,014	$1,067	$705	$699

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.		32

Bank of America Corporation

Outstanding Loans and Leases

(Dollars in millions)


	June 30 2007	March 31 2007	Increase (Decrease)
Consumer
Residential mortgage	$269,721	$254,845	$14,876
Credit card - domestic	57,036	54,490	2,546
Credit card - foreign	12,205	11,430	775
Home equity	96,467	91,723	4,744
Direct/Indirect consumer	66,181	62,126	4,055
Other consumer ⁽¹⁾	8,041	8,189	(148	)

Total consumer	509,651	482,803	26,848


Commercial
Commercial - domestic	164,620	160,190	4,430
Commercial real estate ⁽²⁾	36,950	36,022	928
Commercial lease financing	20,053	19,988	65
Commercial - foreign	23,755	20,771	2,984

Total commercial loans measured at historical cost	245,378	236,971	8,407
Commercial loans measured at fair value ⁽³⁾	3,606	3,859	(253	)

Total commercial	248,984	240,830	8,154

Total loans and leases	$758,635	$723,633	$35,002

(1)

Includes foreign consumer loans of $4.7 billion and $4.7 billion, and consumer finance loans of $3.3 billion and $3.5 billion at June 30, 2007 and March 31, 2007.

(2)

Includes domestic commercial real estate loans of $36.2 billion and $35.4 billion, and foreign commercial real estate loans of $674 million and $606 million at June 30, 2007 and March 31, 2007.

(3)

Certain commercial loans are measured at fair value in accordance with SFAS 159 and include commercial - domestic loans of $2.61 billion and $2.75 billion, commercial - foreign loans of $795 million and $932 million, and commercial real estate loans of $198 million and $179 million at June 30, 2007 and March 31, 2007.

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.		33

Bank of America Corporation

Average Loans and Leases by Business Segment

(Dollars in millions)


	Second Quarter 2007
	Total Corporation	Global Consumer and Small Business Banking ⁽¹⁾	Global Corporate and Investment Banking	Global Wealth and Investment Management	All Other ⁽¹⁾
Consumer
Residential mortgage	$260,099	$32,564	$1,314	$25,249	$200,972
Credit card - domestic	56,235	138,429	-	-	(82,194	)
Credit card - foreign	11,946	29,140	-	-	(17,194	)
Home equity	94,267	69,087	944	20,715	3,521
Direct/Indirect consumer	64,227	25,289	40,797	3,010	(4,869	)
Other consumer	8,101	4,714	8	-	3,379

Total consumer	494,875	299,223	43,063	48,974	103,615

Commercial
Commercial - domestic	166,529	16,619	133,079	17,898	(1,067	)
Commercial real estate	36,788	101	35,670	996	21
Commercial lease financing	19,784	-	21,845	-	(2,061	)
Commercial - foreign	22,223	1,303	20,238	96	586

Total commercial	245,324	18,023	210,832	18,990	(2,521	)

Total loans and leases	$740,199	$317,246	$253,895	$67,964	$101,094


	First Quarter 2007
	Total Corporation	Global Consumer and Small Business Banking ⁽¹⁾	Global Corporate and Investment Banking	Global Wealth and Investment Management	All Other ⁽¹⁾
Consumer
Residential mortgage	$246,618	$30,465	$1,875	$24,201	$190,077
Credit card - domestic	57,720	139,389	-	-	(81,669	)
Credit card - foreign	11,133	28,003	-	-	(16,870	)
Home equity	89,559	65,185	1,098	20,014	3,262
Direct/Indirect consumer	60,157	23,543	39,493	3,063	(5,942	)
Other consumer	8,809	4,618	8	1	4,182

Total consumer	473,996	291,203	42,474	47,279	93,040

Commercial
Commercial - domestic	163,620	15,561	131,600	17,511	(1,052	)
Commercial real estate	36,117	93	35,026	957	41
Commercial lease financing	19,651	-	21,478	-	(1,827	)
Commercial - foreign	20,658	1,248	17,320	94	1,996

Total commercial	240,046	16,902	205,424	18,562	(842	)

Total loans and leases	$714,042	$308,105	$247,898	$65,841	$92,198


	Second Quarter 2006
	Total Corporation	Global Consumer and Small Business Banking ⁽¹⁾	Global Corporate and Investment Banking	Global Wealth and Investment Management	All Other ⁽¹⁾
Consumer
Residential mortgage	$197,228	$28,059	$2,850	$21,835	$144,484
Credit card - domestic	64,980	137,315	-	-	(72,335	)
Credit card - foreign	8,305	24,002	-	-	(15,697	)
Home equity	75,894	55,141	1,058	17,511	2,184
Direct/Indirect consumer	48,003	19,475	34,163	3,035	(8,670	)
Other consumer	10,804	3,837	9	1	6,957

Total consumer	405,214	267,829	38,080	42,382	56,923

Commercial
Commercial - domestic	148,445	13,209	121,895	16,495	(3,154	)
Commercial real estate	36,749	98	35,583	831	237
Commercial lease financing	20,896	-	20,447	-	449
Commercial - foreign	24,345	1,254	15,068	95	7,928

Total commercial	230,435	14,561	192,993	17,421	5,460

Total loans and leases	$635,649	$282,390	$231,073	$59,803	$62,383

(1)

Global Consumer and Small Business Banking is presented on a managed basis with a corresponding offset recorded in All Other.

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.		34

Bank of America Corporation

Commercial Credit Exposure by Industry ^{(1, 2)}

(Dollars in millions)


	Commercial Utilized				Total Commercial Committed
	June 30 2007	March 31 2007	Increase (Decrease)		June 30 2007		March 31 2007		Increase (Decrease)
Diversified financials	$35,965	$28,948	$7,017		$80,470		$71,353		$9,117
Real estate⁽³⁾	52,808	54,468	(1,660	)	77,118		77,959		(841	)
Government and public education	22,788	22,620	168		50,198		40,421		9,777
Retailing	28,009	27,558	451		45,001		43,633		1,368
Capital goods	18,295	18,482	(187	)	38,706		38,705		1
Banks	27,980	27,494	486		37,725		37,570		155
Consumer services	19,514	19,337	177		33,352		32,491		861
Healthcare equipment and services	16,535	16,592	(57	)	33,136		32,323		813
Materials	16,064	15,746	318		28,776		28,117		659
Individuals and trusts	17,898	17,868	30		27,041		27,471		(430	)
Commercial services and supplies	16,665	14,911	1,754		25,509		23,208		2,301
Food, beverage and tobacco	11,337	10,814	523		22,804		20,426		2,378
Energy	9,418	9,631	(213	)	18,996		18,608		388
Media	8,267	7,592	675		17,831		17,796		35
Utilities	5,145	6,073	(928	)	17,645		17,722		(77	)
Insurance	7,477	6,466	1,011		15,861		14,243		1,618
Transportation	10,505	10,785	(280	)	15,504		16,250		(746	)
Religious and social organizations	7,569	7,758	(189	)	10,042		10,293		(251	)
Consumer durables and apparel	4,763	4,980	(217	)	9,175		9,335		(160	)
Technology hardware and equipment	3,606	2,918	688		8,580		7,550		1,030
Telecommunication services	2,979	3,102	(123	)	7,807		7,725		82
Pharmaceuticals and biotechnology	3,516	2,925	591		7,125		6,132		993
Software and services	2,977	3,175	(198	)	7,046		7,237		(191	)
Automobiles and components	1,629	1,449	180		5,635		4,790		845
Food and staples retailing	2,202	1,878	324		4,489		4,957		(468	)
Household and personal products	622	699	(77	)	2,156		2,451		(295	)
Semiconductors and semiconductor equipment	612	720	(108	)	1,370		1,353		17
Other	7,205	5,608	1,597		7,611		5,961		1,650
Total commercial credit exposure by industry	$362,350	$350,597	$11,753		$656,709		$626,080		$30,629
Net credit default protection purchased on total commitments ⁽⁴⁾					$(2,041	)	$(4,274	)

(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 $7.3 billion and $8.7 billion at June 30, 2007 and March 31, 2007. In addition to cash collateral, derivative assets are also collateralized by $7.9 billion and $7.5 billion of primarily other marketable securities at June 30, 2007 and March 31, 2007 for which the credit risk has not been reduced.

(2)

Total commercial utilized and total commercial committed exposure includes loans and unfunded commitments measured at fair value in accordance with SFAS 159 and is comprised of loans outstanding of $3.61 billion and $3.86 billion, issued letters of credit at notional value of $1.1 billion and $1.1 billion, and unfunded loan commitments at notional value of $20.6 billion and $20.4 billion at June 30, 2007 and March 31, 2007.

(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 protection purchased.

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.		35

Bank of America Corporation

Net Credit Default Protection by Maturity Profile

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

(Dollars in millions)


	June 30, 2007				March 31, 2007
Ratings	Net Notional		Percent		Net Notional		Percent
AAA	$6		(0.3	) %	$6		(0.1	) %
AA	36		(1.8	)	(102	)	2.4
A	(598	)	29.3		(1,853	)	43.4
BBB	(459	)	22.5		(1,874	)	43.8
BB	(538	)	26.4		(524	)	12.3
B	(127	)	6.2		(147	)	3.4
CCC and below	(55	)	2.7		(85	)	2.0
NR⁽²⁾	(306	)	15.0		305		(7.2	)
Total net credit default protection	$(2,041	)	100.0	%	$(4,274	)	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 a negative and the net notional credit protection sold is shown as a positive amount.

(2)

In addition to unrated names, “NR” includes $(286) million and $301 million in net credit default swaps index positions at June 30, 2007 and March 31, 2007. While index positions are principally investment grade, credit default swaps indices include names in and across each of the ratings categories.

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.		36

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 Emerging Markets Exposure June 30, 2007	Increase (Decrease) from March 31, 2007
By Region/Country
Asia Pacific
South Korea	$253	$578	$83	$3,030	$3,944	$ -	$3,944	$(234	)
China ⁽⁷⁾	237	60	148	3,488	3,933	-	3,933	198
India	1,040	1,184	359	685	3,268	-	3,268	649
Singapore	267	324	89	448	1,128	-	1,128	310
Taiwan	304	81	80	62	527	505	1,032	264
Hong Kong	115	50	68	348	581	-	581	(120	)
Other Asia Pacific⁽⁸⁾	78	26	9	529	642	14	656	92
Total Asia Pacific	2,294	2,303	836	8,590	14,023	519	14,542	1,159
Latin America
Mexico ⁽⁹⁾	991	365	19	2,990	4,365	-	4,365	486
Brazil ⁽¹⁰⁾	249	138	4	2,696	3,087	208	3,295	24
Other Latin America ⁽⁸⁾	247	261	13	130	651	210	861	(76	)
Total Latin America	1,487	764	36	5,816	8,103	418	8,521	434
Middle East and Africa
South Africa	1,080	13	4	129	1,226	-	1,226	974
Other Middle East and Africa ⁽⁸⁾	500	190	77	182	949	-	949	13
Total Middle East and Africa	1,580	203	81	311	2,175	-	2,175	987
Central and Eastern Europe ⁽⁸⁾	1	22	30	275	328	-	328	56
Total emerging markets exposure	$5,362	$3,292	$983	$14,992	$24,629	$937	$25,566	$2,636

(1)

There is no generally accepted definition of emerging markets. The definition that we use includes all countries in Asia Pacific excluding Japan, Australia and New Zealand; all countries in Latin America excluding Cayman Islands and Bermuda; all countries in Middle East and Africa; and all countries in Central and Eastern Europe excluding Greece. There was no emerging market exposure included in the portfolio measured at fair value in accordance with SFAS 159 at June 30, 2007 and March 31, 2007.

(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 $98 million and $58 million at June 30, 2007 and March 31, 2007. There are less than $1 million of other marketable securities collateralizing derivative assets at June 30, 2007. There were no other marketable securities collateralizing derivative assets at March 31, 2007.

(4)

Generally, cross-border resale agreements are presented based on the domicile of the counterparty, consistent with Federal Financial Institutions Examination Council (FFIEC) reporting rules. Cross- border resale agreements where the underlying securities are U.S. Treasury securities, in which case the domicile is the U.S., are excluded from this presentation.

(5)

Cross-border exposure includes amounts payable to the Corporation 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 the Corporation 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 June 30, 2007 was $20.2 billion compared to $17.6 billion at March 31, 2007. Local liabilities at June 30, 2007 in Asia Pacific and Latin America were $19.0 billion and $1.2 billion, of which $7.4 billion were in Hong Kong, $6.1 billion in Singapore, $2.4 billion in South Korea, $1.1 billion in Mexico, $998 million in India and $783 million in China. There were no other countries with available local liabilities funding local country exposure greater than $500 million.

(7)

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

(8)

No country included in Other Asia Pacific, Other Latin America, Other 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 $2.7 billion in Grupo Financiero Santander Serfin.

(10)

Securities/Other Investments include an investment of $2.6 billion in Banco Itaú Holding Financeira S.A.

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.		37

Bank of America Corporation

Nonperforming Assets

(Dollars in millions)


	June 30 2007		March 31 2007		December 31 2006		September 30 2006		June 30 2006
Residential mortgage	$867		$732		$660		$599		$537
Home equity ⁽¹⁾	496		363		291		211		167
Direct/Indirect consumer ⁽¹⁾	3		2		2		1		2
Other consumer	94		133		77		86		99

Total consumer	1,460		1,230		1,030		897		805

Commercial - domestic ⁽²⁾	500		501		584		544		606
Commercial real estate	280		189		118		68		59
Commercial lease financing	27		21		42		35		43
Commercial - foreign	17		29		13		36		54

Total commercial	824		740		757		683		762

Total nonperforming loans and leases	2,284		1,970		1,787		1,580		1,567
Foreclosed properties	108		89		69		76		74

Total nonperforming assets ^{(3, 4)}	$2,392		$2,059		$1,856		$1,656		$1,641


Loans past due 90 days or more and still accruing ^{(4, 5)}	$2,798		$2,870		$3,056		$2,719		$2,433
Nonperforming assets / Total assets ⁽⁶⁾	0.16	%	0.14	%	0.13	%	0.11	%	0.11	%
Nonperforming assets / Total loans, leases and foreclosed properties ⁽⁶⁾	0.32		0.29		0.26		0.25		0.25
Nonperforming loans and leases / Total loans and leases ⁽⁶⁾	0.30		0.27		0.25		0.24		0.23

Allowance for credit losses:
Allowance for loan and lease losses	$9,060		$8,732		$9,016		$8,872		$9,080
Reserve for unfunded lending commitments	376		374		397		388		395

Total allowance for credit losses	$9,436		$9,106		$9,413		$9,260		$9,475

Allowance for loan and lease losses / Total loans and leases measured at historical cost ⁽⁶⁾	1.20	%	1.21	%	1.28	%	1.33	%	1.36	%
Allowance for loan and lease losses / Total nonperforming loans and leases measured at historical cost	397		443		505		562		579

Commercial criticized exposure ⁽⁷⁾	$7,187		$7,119		$7,061		$7,257		$6,925
Commercial criticized exposure / Commercial utilized exposure ⁽⁷⁾	2.17	%	2.24	%	2.20	%	2.29	%	2.19	%

(1)

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

(2)

Includes nonperforming small business loans of $101 million, $97 million, $79 million, $53 million and $55 million at June 30, 2007, March 31, 2007, December 31, 2006, September 30, 2006 and June 30, 2006, respectively.

(3)

Balances do not include nonperforming loans held-for-sale included in other assets of $73 million, $94 million, $80 million, $99 million and $114 million at June 30, 2007, March 31, 2007, December 31, 2006, September 30, 2006 and June 30, 2006, respectively.

(4)

Balances do not include loans measured at fair value in accordance with SFAS 159. At June 30, 2007 and 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.

(5)

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 and $107 million at September 30, 2006 and June 30, 2006.

(6)

Ratios do not include loans measured at fair value in accordance with SFAS 159 of $3.61 billion and $3.86 billion at June 30, 2007 and March 31, 2007.

(7)

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 ratios would have been 2.29 percent and 2.44 percent at June 30, 2007 and March 31, 2007. Including assets held-for-sale, the ratios would have been 2.24 percent, 2.22 percent and 2.17 percent at December 31, 2006, September 30, 2006 and June 30, 2006, respectively.

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

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.		38

Bank of America Corporation

Quarterly Net Charge-offs/Losses and Net Charge-off/Loss Ratios ⁽¹⁾

(Dollars in millions)


	Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006^{(2, 3)}				Third Quarter 2006^{(2, 3)}				Second Quarter 2006^{(2, 3)}
Held Basis	Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent		Amount		Percent
Residential mortgage	$11		0.02	%	$6		0.01	%	$9		0.02	%	$6		0.01	%	$14		0.03	%
Credit card - domestic	807		5.76		806		5.66		884		5.86		853		5.42		723		4.46
Credit card - foreign	86		2.88		88		3.22		79		3.03		70		2.94		57		2.72
Home equity	28		0.12		17		0.08		19		0.09		11		0.06		12		0.06
Direct/Indirect consumer	241		1.50		235		1.59		190		1.41		152		1.17		103		0.86
Other consumer	100		4.96		92		4.22		101		3.78		85		3.03		75		2.80

Total consumer	1,273		1.03		1,244		1.06		1,282		1.14		1,177		1.07		984		0.97

Commercial - domestic ⁽⁴⁾	228		0.55		184		0.46		123		0.31		111		0.29		50		0.14
Commercial real estate	(1	)	(0.01	)	3		0.03		1		0.01		2		0.02		1		-
Commercial lease financing	(11	)	(0.21	)	(1	)	(0.03	)	12		0.22		-		-		(17	)	(0.33	)
Commercial - foreign	6		0.10		(3	)	(0.05	)	(1	)	(0.02	)	(13	)	(0.21	)	5		0.08

Total commercial	222		0.36		183		0.31		135		0.22		100		0.17		39		0.07

Total net charge-offs	$1,495		0.81		$1,427		0.81		$1,417		0.82		$1,277		0.75		$1,023		0.65


By Business Segment
Global Consumer and Small Business Banking ⁽⁵⁾	$2,662		3.37	%	$2,433		3.20	%	$2,336		3.09	%	$2,109		2.87	%	$1,759		2.50	%
Global Corporate and Investment Banking	74		0.12		102		0.17		85		0.14		82		0.14		38		0.07
Global Wealth and Investment Management	4		0.03		18		0.11		2		0.01		-		-		(43	)	(0.29	)
All Other ⁽⁵⁾	(1,245	)	(4.94	)	(1,126	)	(4.95	)	(1,006	)	(4.95	)	(914	)	(4.22	)	(731	)	(4.71	)

Total net charge-offs	$1,495		0.81		$1,427		0.81		$1,417		0.82		$1,277		0.75		$1,023		0.65


Supplemental managed basis data
Credit card - domestic	$1,786		5.17	%	$1,651		4.80	%	$1,615		4.61	%	$1,479		4.23	%	$1,227		3.58	%
Credit card - foreign	313		4.31		302		4.37		291		4.30		269		4.17		247		4.13

Total credit card managed net losses	$2,099		5.02		$1,953		4.73		$1,906		4.56		$1,748		4.23		$1,474		3.67


Total commercial	222		0.36		183		0.31		135		0.22		107		0.18		52		0.09
Total managed losses	2,766		1.30		2,572		1.26		2,453		1.23		2,195		1.11		1,811		0.98

(1)

Net charge-off/loss ratios are calculated as annualized held net charge-offs or managed net losses divided by average outstanding held or managed loans and leases measured at historical cost during the period 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 and $7 million, credit card - foreign $4 million, $5 million and $6 million, direct/indirect consumer $6 million, $5 million and $7 million, other consumer $4 million, $6 million and $3 million, and commercial - domestic $0, $0 and $4 million for the three months ended December 31, 2006, September 30, 2006 and June 30, 2006, respectively. The impact of SOP 03-3 was not material for the quarters ended June 30, 2007 and March 31, 2007. Refer to Exhibit A on page 43 for a reconciliation of net charge-offs and net charge-off ratios to net charge-offs and net charge-off ratios excluding the impact of SOP 03-3.

(3)

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

(4)

Includes small business net charge-offs of $196 million, $159 million, $115 million, $99 million and $83 million for the three months ended June 30, 2007, March 31, 2007, December 31, 2006, September 30, 2006 and June 30, 2006, or 5.23 percent, 4.59 percent, 3.44 percent, 3.16 percent and 2.84 percent of average outstanding held small business loans, respectively. Excluding the small business portfolio, the net charge-off ratio for commercial - domestic loans would have been 0.08 percent, 0.07 percent, 0.02 percent, 0.03 percent and (0.09) percent for the three months ended June 30, 2007, March 31, 2007, December 31, 2006, September 30, 2006 and June 30, 2006, respectively.

(5)

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

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

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

LOGO


This information is preliminary and based on company data available at the time of the presentation.		39

Bank of America Corporation

Year-to-Date Net Charge-offs/Losses and Net Charge-off/Loss Ratios⁽¹⁾

(Dollars in millions)


	Six Months Ended June 30
	2007				2006^{(2, 3)}
Held Basis	Amount		Percent		Amount		Percent
Residential mortgage	$17		0.01	%	$24		0.03	%
Credit card - domestic	1,613		5.71		1,357		4.11
Credit card - foreign	174		3.04		76		1.83
Home equity	45		0.10		21		0.06
Direct/Indirect consumer	476		1.54		182		0.77
Other consumer	192		4.58		117		2.25

Total consumer	2,517		1.05		1,777		0.90

Commercial - domestic ⁽⁴⁾	412		0.50		102		0.14
Commercial real estate	2		0.01		-		-
Commercial lease financing	(12	)	(0.12	)	(40	)	(0.39	)
Commercial - foreign	3		0.03		6		0.05

Total commercial	405		0.34		68		0.06

Total net charge-offs	$2,922		0.81		$1,845		0.59


By Business Segment:
Global Consumer and Small Business Banking⁽⁵⁾	$5,095		3.29	%	$3,177		2.28	%
Global Corporate and Investment Banking	176		0.14		80		0.07
Global Wealth and Investment Management	22		0.07		(43	)	(0.15	)
All Other ⁽⁵⁾	(2,371	)	(4.95	)	(1,369	)	(4.76	)

Total net charge-offs	$2,922		0.81		$1,845		0.59


Supplemental managed basis data

Credit card - domestic	$3,437		4.99	%	$2,300		3.35	%
Credit card - foreign	615		4.34		420		3.62

Total credit card managed net losses	$4,052		4.88		$2,720		3.39


Total commercial	405		0.34		92		0.08
Total managed losses	5,338		1.28		3,292		0.91

(1)

(2)

Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on credit card - domestic $78 million, credit card - foreign $44 million, direct/indirect consumer $67 million, other consumer $31 million and commercial - domestic $17 million for the six months ended June 30, 2006.

The impact of SOP 03-3 was not material for the six months ended June 30, 2007. Refer to Exhibit A on page 43 for a reconciliation of net charge-offs and net charge-off ratios to net charge-offs and net charge-off ratios excluding the impact of SOP 03-3.

(3)

(4)

Includes small business net charge-offs of $355 million and $147 million for the six months ended June 30, 2007 and 2006, or 4.92 percent and 2.65 percent of average outstanding held small business loans. Excluding the small business portfolio, the net charge-off ratio for commercial - domestic loans would have been 0.08 percent and (0.07) percent for the six months ended June 30, 2007 and 2006.

(5)

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

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

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.		40

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation

Global Consumer and Small Business Banking - Reconciliation

(Dollars in millions)


	Six Months Ended June 30, 2007						Six Months Ended June 30, 2006						Second Quarter 2007
	Managed Basis⁽¹⁾		Securitization Impact⁽²⁾		Held Basis		Managed Basis⁽¹⁾		Securitization Impact⁽²⁾		Held Basis		Managed Basis⁽¹⁾	Securitization Impact⁽²⁾		Held Basis
Net interest income ⁽³⁾	$14,179		$(3,871	)	$10,308		$14,059		$(3,792	)	$10,267		$7,150	$(1,981	)	$5,169
Noninterest income:
Card income	5,127		1,632		6,759		4,635		2,538		7,173		2,676	793		3,469
Service charges	2,865		-		2,865		2,539		-		2,539		1,488	-		1,488
Mortgage banking income	599		-		599		415		-		415		297	-		297
Gains (losses) on sales of debt securities	(1	)	-		(1	)	(1	)	-		(1	)	-	-		-
All other income	593		(151	)	442		571		(177	)	394		328	(74	)	254

Total noninterest income	9,183		1,481		10,664		8,159		2,361		10,520		4,789	719		5,508

Total revenue, net of interest expense	23,362		(2,390	)	20,972		22,218		(1,431	)	20,787		11,939	(1,262	)	10,677

Provision for credit losses	5,505		(2,390	)	3,115		3,708		(1,431	)	2,277		3,094	(1,262	)	1,832
Noninterest expense	9,700		-		9,700		9,119		-		9,119		4,969	-		4,969

Income before income taxes	8,157		-		8,157		9,391		-		9,391		3,876	-		3,876
Income tax expense⁽³⁾	3,003		-		3,003		3,462		-		3,462		1,417	-		1,417

Net income	$5,154		$-		$5,154		$5,929		$-		$5,929		$2,459	$-		$2,459

Balance sheet
Average - total loans and leases	$312,701		$(101,841	)	$210,860		$280,821		$(93,870	)	$186,951		$317,246	$(101,905	)	$215,341
Period end - total loans and leases	324,452		(102,752	)	221,700		285,885		(96,848	)	189,037		324,452	(102,752	)	221,700


	First Quarter 2007						Fourth Quarter 2006						Third Quarter 2006
	Managed Basis⁽¹⁾		Securitization Impact⁽²⁾		Held Basis		Managed Basis⁽¹⁾		Securitization Impact⁽²⁾		Held Basis		Managed Basis⁽¹⁾	Securitization Impact⁽²⁾		Held Basis
Net interest income ⁽³⁾	$7,029		$(1,890	)	$5,139		$7,156		$(1,929	)	$5,227		$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
Gains (losses) on sales of debt securities	(1	)	-		(1	)	(1	)	-		(1	)	-	-		-
All other income	265		(77	)	188		258		(90	)	168		382	(68	)	314

Total noninterest income	4,394		762		5,156		4,605		906		5,511		4,453	964		5,417

Total revenue, net of interest expense	11,423		(1,128	)	10,295		11,761		(1,023	)	10,738		11,480	(908	)	10,572

Provision for credit losses	2,411		(1,128	)	1,283		2,777		(1,023	)	1,754		2,049	(908	)	1,141
Noninterest expense	4,731		-		4,731		4,849		-		4,849		4,709	-		4,709

Income before income taxes	4,281		-		4,281		4,135		-		4,135		4,722	-		4,722
Income tax expense⁽³⁾	1,586		-		1,586		1,526		-		1,526		1,736	-		1,736

Net income	$2,695		$-		$2,695		$2,609		$-		$2,609		$2,986	$-		$2,986

Balance sheet
Average - total loans and leases	$308,105		$(101,776	)	$206,329		$299,615		$(99,765	)	$199,850		$291,029	$(97,371	)	$193,658
Period end - total loans and leases	309,992		(102,363	)	207,629		307,661		(101,865	)	205,796		294,207	(98,683	)	195,524

	Second Quarter 2006
	Managed Basis⁽¹⁾		Securitization Impact⁽²⁾		Held Basis
Net interest income ⁽³⁾	$6,967		$(1,846	)	$5,121
Noninterest income:
Card income	2,528		1,136		3,664
Service charges	1,349		-		1,349
Mortgage banking income	210		-		210
Gains (losses) on sales of debt securities	-		-		-
All other income	323		(67	)	256

Total noninterest income	4,410		1,069		5,479

Total revenue, net of interest expense	11,377		(777	)	10,600

Provision for credit losses	1,807		(777	)	1,030
Noninterest expense	4,508		-		4,508

Income before income taxes	5,062		-		5,062
Income tax expense⁽³⁾	1,858		-		1,858

Net income	$3,204		$-		$3,204

Balance sheet
Average - total loans and leases	$282,390		$(94,952	)	$187,438
Period end - total loans and leases	285,885		(96,848	)	189,037

(1)

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

(2)

The securitization impact on net interest income is on a funds transfer pricing methodology consistent with the way funding costs are allocated to the businesses.

(3)

Fully taxable-equivalent basis

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

The Corporation reports its Global Consumer and Small Business Banking’s results, specifically Card Services, on a managed basis. This basis of presentation excludes the Corporation’s securitized mortgage and home equity portfolios for which the Corporation retains servicing. Reporting on a managed basis is consistent with the way that management as well as analysts 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 in 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, retained 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 a held basis reported 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 a held basis less the reclassification of certain components of card income (e.g., excess servicing income) to record managed net interest income and provision for credit losses. 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 management continues to manage this impact within Global Consumer and Small Business Banking.

•

Provision for credit losses 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.		41

Exhibit A: Non-GAAP Reconciliations - continued

Bank of America Corporation

All Other - Reconciliation

(Dollars in millions)


	Six Months Ended June 30, 2007						Six Months Ended June 30, 2006						Second Quarter 2007
	Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted		Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted		Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted
Net interest income ⁽³⁾	$(3,715	)	$3,871		$156		$(2,884	)	$3,792		$908		$(1,945	)	$1,981		$36
Noninterest income:
Card income	1,397		(1,632	)	(235	)	2,129		(2,538	)	(409	)	676		(793	)	(117	)
Equity investment gains	2,615		-		2,615		1,148		-		1,148		1,719		-		1,719
Gains (losses) on sales of debt securities	63		-		63		(4	)	-		(4	)	2		-		2
All other income	(313	)	151		(162	)	(418	)	177		(241	)	(255	)	74		(181	)

Total noninterest income	3,762		(1,481	)	2,281		2,855		(2,361	)	494		2,142		(719	)	1,423

Total revenue, net of interest expense	47		2,390		2,437		(29	)	1,431		1,402		197		1,262		1,459

Provision for credit losses	(2,625	)	2,390		(235	)	(1,440	)	1,431		(9	)	(1,311	)	1,262		(49	)
Merger and restructuring charges	186		-		186		292		-		292		75		-		75
All other noninterest expense	208		-		208		696		-		696		(130	)	-		(130	)

Income before income taxes	2,278		-		2,278		423		-		423		1,563		-		1,563
Income tax expense⁽³⁾	684		-		684		134		-		134		550		-		550

Net income	$1,594		$-		$1,594		$289		$-		$289		$1,013		$-		$1,013


Balance sheet
Average - total loans and leases	$96,671		$101,841		$198,512		$57,983		$93,870		$151,853		$101,094		$101,905		$202,999
Period end - total loans and leases	107,429		102,752		210,181		86,429		96,848		183,277		107,429		102,752		210,181

	First Quarter 2007						Fourth Quarter 2006						Third Quarter 2006
	Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted		Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted		Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted
Net interest income ⁽³⁾	$(1,770	)	$1,890		$120		$(1,628	)	$1,929		$301		$(1,419	)	$1,872		$453
Noninterest income:
Card income	721		(839	)	(118	)	826		(996	)	(170	)	841		(1,032	)	(191	)
Equity investment gains	896		-		896		1,031		-		1,031		687		-		687
Gains (losses) on sales of debt securities	61		-		61		9		-		9		(480	)	-		(480	)
All other income	(58	)	77		19		(120	)	90		(30	)	634		68		702

Total noninterest income	1,620		(762	)	858		1,746		(906	)	840		1,682		(964	)	718

Total revenue, net of interest expense	(150	)	1,128		978		118		1,023		1,141		263		908		1,171

Provision for credit losses	(1,314	)	1,128		(186	)	(1,136	)	1,023		(113	)	(920	)	908		(12	)
Merger and restructuring charges	111		-		111		244		-		244		269		-		269
All other noninterest expense	338		-		338		31		-		31		116		-		116

Income before income taxes	715		-		715		979		-		979		798		-		798
Income tax expense⁽³⁾	134		-		134		262		-		262		226		-		226

Net income	$581		$-		$581		$717		$-		$717		$572		$-		$572


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
	Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted
Net interest income ⁽³⁾	$(1,404	)	$1,846		$442
Noninterest income:
Card income	961		(1,136	)	(175	)
Equity investment gains	577		-		577
Gains (losses) on sales of debt securities	(5	)	-		(5	)
All other income	(159	)	67		(92	)

Total noninterest income	1,374		(1,069	)	305

Total revenue, net of interest expense	(30	)	777		747

Provision for credit losses	(784	)	777		(7	)
Merger and restructuring charges	194		-		194
All other noninterest expense	280		-		280

Income before income taxes	280		-		280
Income tax expense⁽³⁾	186		-		186

Net income	$94		$-		$94

Balance sheet
Average - total loans and leases	$62,383		$94,952		$157,335
Period end - total loans and leases	86,429		96,848		183,277

(1)

Provision for credit losses represents the provision for credit losses in All Other combined with the Global Consumer and Small Business Banking securitization offset.

(2)

The securitization offset on net interest income is on a funds transfer pricing methodology consistent with the way funding costs are allocated to the businesses.

(3)

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.		42

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


	Six Months Ended June 30, 2006					Fourth Quarter 2006					Third Quarter 2006					Second Quarter 2006
			Average Outstanding					Average Outstanding					Average Outstanding					Average Outstanding
(Dollars in millions)	Amount		Loans and Leases	Percent ⁽³⁾		Amount		Loans and Leases	Percent ⁽³⁾		Amount		Loans and Leases	Percent ⁽³⁾		Amount		Loans and Leases	Percent ⁽³⁾
Residential mortgage	$24		$191,046	0.03	%	$9		$225,985	0.02	%	$6		$222,889	0.01	%	$14		$197,228	0.03	%
Credit card - domestic	1,357		66,566	4.11		884		59,802	5.86		853		62,508	5.42		723		64,980	4.46
Credit card - foreign	76		8,354	1.83		79		10,375	3.03		70		9,455	2.94		57		8,305	2.72
Home equity	21		74,166	0.06		19		84,904	0.09		11		79,899	0.06		12		75,894	0.06
Direct/Indirect consumer	182		47,407	0.77		190		53,481	1.41		152		51,536	1.17		103		48,003	0.86
Other consumer	117		10,581	2.25		101		10,597	3.78		85		11,076	3.03		75		10,804	2.80

Total consumer	1,777		398,120	0.90		1,282		445,144	1.14		1,177		437,363	1.07		984		405,214	0.97

Commercial - domestic	102		146,580	0.14		123		158,604	0.31		111		153,007	0.29		50		148,445	0.14
Commercial real estate	-		36,713	-		1		36,851	0.01		2		37,471	0.02		1		36,749	-
Commercial lease financing	(40	)	20,705	(0.39	)	12		21,159	0.22		-		20,875	-		(17	)	20,896	(0.33	)
Commercial - foreign	6		23,745	0.05		(1	)	21,840	(0.02	)	(13	)	24,761	(0.21	)	5		24,345	0.08

Total commercial	68		227,743	0.06		135		238,454	0.22		100		236,114	0.17		39		230,435	0.07

Total net charge-offs	$1,845		$625,863	0.59		$1,417		$683,598	0.82		$1,277		$673,477	0.75		$1,023		$635,649	0.65


Impact of SOP 03-3⁽⁴⁾
Residential mortgage	$-					$-					$-					$-
Credit card - domestic	78					11					10					7
Credit card - foreign	44					4					5					6
Home equity	-					-					-					-
Direct/Indirect consumer	67					6					5					7
Other consumer	31					4					6					3

Total consumer	220					25					26					23

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

Total commercial	17					-					-					4

Total net charge-offs	$237					$25					$26					$27


Net Charge-offs and Net Charge-off Ratios Excluding the Impact of SOP 03-3
Residential mortgage	$24		$191,046	0.03	%	$9		$225,985	0.02	%	$6		$222,889	0.01	%	$14		$197,228	0.03	%
Credit card - domestic	1,435		66,566	4.35		895		59,802	5.93		863		62,508	5.48		730		64,980	4.50
Credit card - foreign	120		8,354	2.90		83		10,375	3.22		75		9,455	3.13		63		8,305	3.02
Home equity	21		74,166	0.06		19		84,904	0.09		11		79,899	0.06		12		75,894	0.06
Direct/Indirect consumer	249		47,407	1.06		196		53,481	1.45		157		51,536	1.22		110		48,003	0.91
Other consumer	148		10,581	2.85		105		10,597	3.93		91		11,076	3.22		78		10,804	2.93

Total consumer	1,997		398,120	1.01		1,307		445,144	1.17		1,203		437,363	1.09		1,007		405,214	1.00

Commercial - domestic	119		146,580	0.16		123		158,604	0.31		111		153,007	0.29		54		148,445	0.15
Commercial real estate	-		36,713	-		1		36,851	0.01		2		37,471	0.02		1		36,749	-
Commercial lease financing	(40	)	20,705	(0.39	)	12		21,159	0.22		-		20,875	-		(17	)	20,896	(0.33	)
Commercial - foreign	6		23,745	0.05		(1	)	21,840	(0.02	)	(13	)	24,761	(0.21	)	5		24,345	0.08

Total commercial	85		227,743	0.08		135		238,454	0.22		100		236,114	0.17		43		230,435	0.07

Total net charge-offs	$2,082		$625,863	0.67		$1,442		$683,598	0.84		$1,303		$673,477	0.77		$1,050		$635,649	0.66

(1) Average outstanding loans and leases and historical ratios have been adjusted for home equity and direct/indirect consumer due to the reclassification 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 and June 30, 2007, and for the six months ended June 30, 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 June 30, 2006, September 30, 2006 and December 31, 2006, and for the six months ended June 30, 2006 was immaterial.

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.		43