Supplemental Information Third Quarter 2007

September 30
2007

June 30
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

Third 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
Quarter-to-Date Customer Relationship View		16
Year-to-Date Customer Relationship View		17
Key Indicators		18
E-commerce & BankofAmerica.com		19
Credit Card Data		20
Global Corporate and Investment Banking
Total Segment Results		21
Quarter-to-Date Business Results		22
Year-to-Date Business Results		23
Quarter-to-Date Customer Relationship View		24
Year-to-Date Customer Relationship View		25
Business Lending Key Indicators		26
Capital Markets and Advisory Services Key Indicators		27
Banc of America Securities U.S. Market Share and Product Ranking Graph		28
Liquidity Exposure to Special Purpose Entities		29
Global Wealth and Investment Management
Total Segment Results		30
Quarter-to-Date Business Results		31
Year-to-Date Business Results		32
Key Indicators		33
All Other
Total Segment Results		34
Outstanding Loans and Leases		35
Average Loans and Leases by Business Segment		36
Commercial Credit Exposure by Industry		37
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating		38
Selected Emerging Markets		39
Nonperforming Assets		40
Quarterly Net Charge-offs/Losses and Net Charge-off/Loss Ratios		41
Year-to-Date Net Charge-offs/Losses and Net Charge-off/Loss Ratios		42

Exhibit A: Non - GAAP Reconciliations
Global Consumer and Small Business Banking - Reconciliation		43
All Other - Reconciliation		44
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		45

Bank of America Corporation

Consolidated Financial Highlights

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


	Nine Months Ended September 30						Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
	2007			2006			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
Income statement
Net interest income	$	25,269		$	25,992		$	8,615		$	8,386		$	8,268		$	8,599		$	8,586
Noninterest income ⁽¹⁾		28,378			28,102			7,314			11,177			9,887			9,887			9,598
Total revenue, net of interest expense		53,647			54,094			15,929			19,563			18,155			18,486			18,184
Provision for credit losses		5,075			3,440			2,030			1,810			1,235			1,570			1,165
Noninterest expense, before merger and restructuring charges		26,463			25,943			8,459			9,018			8,986			8,849			8,594
Merger and restructuring charges		270			561			84			75			111			244			269
Income tax expense		7,125			8,273			1,658			2,899			2,568			2,567			2,740
Net income		14,714			15,877			3,698			5,761			5,255			5,256			5,416
Diluted earnings per common share		3.25			3.44			0.82			1.28			1.16			1.16			1.18
Average diluted common shares issued and outstanding		4,483,465			4,614,599			4,475,917			4,476,799			4,497,028			4,536,696			4,570,558
Dividends paid per common share	$	1.76		$	1.56		$	0.64		$	0.56		$	0.56		$	0.56		$	0.56
Performance ratios
Return on average assets		1.27	%		1.46	%		0.93	%		1.48	%		1.40	%		1.39	%		1.43	%
Return on average common shareholders’ equity		14.88			16.44			11.02			17.55			16.16			15.76			16.64

At period end
Book value per share of common stock	$	30.45		$	29.52		$	30.45		$	29.95		$	29.74		$	29.70		$	29.52
Tangible book value per share of common stock ⁽²⁾		15.25			14.88			15.25			15.11			14.94			14.97			14.88
Market price per share of common stock:
Closing price	$	50.27		$	53.57		$	50.27		$	48.89		$	51.02		$	53.39		$	53.57
High closing price for the period		54.05			53.57			51.87			51.82			54.05			54.90			53.57
Low closing price for the period		47.00			43.09			47.00			48.80			49.46			51.66			47.98
Market capitalization		223,041			240,966			223,041			216,922			226,481			238,021			240,966
Number of banking centers - domestic		5,748			5,722			5,748			5,749			5,737			5,747			5,722
Number of branded ATMs - domestic		17,231			16,846			17,231			17,183			17,117			17,079			16,846
Full-time equivalent employees		198,000			200,220			198,000			195,675			199,429			203,425			200,220

(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


	Nine Months Ended September 30						Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
	2007			2006			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
Net interest income	$	26,368		$	26,860		$	8,990		$	8,781		$	8,597		$	8,955		$	8,894
Total revenue, net of interest expense ⁽¹⁾		54,746			54,962			16,304			19,958			18,484			18,842			18,492
Net interest yield		2.60	%		2.85	%		2.61	%		2.59	%		2.61	%		2.75	%		2.73	%
Efficiency ratio		48.83			48.22			52.40			45.56			49.22			48.26			47.93

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

Reconciliation of net income to operating earnings


	Nine Months Ended September 30								Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006				Third Quarter 2006
	2007				2006				Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006				Third Quarter 2006
Net income	$	14,714			$	15,877			$	3,698			$	5,761			$	5,255			$	5,256			$	5,416
Merger and restructuring charges		270				561				84				75				111				244				269
Related income tax benefit		(100	)			(208	)			(31	)			(28	)			(41	)			(90	)			(100	)

Operating earnings	$	14,884			$	16,230			$	3,751			$	5,808			$	5,325			$	5,410			$	5,585


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


Ending common shareholders’ equity	$	135,109			$	132,771			$	135,109			$	132,900			$	132,005			$	132,421			$	132,771
Ending goodwill		(67,433	)			(65,818	)			(67,433	)			(65,845	)			(65,696	)			(65,662	)			(65,818	)

Ending common tangible shareholders’ equity	$	67,676			$	66,953			$	67,676			$	67,055			$	66,309			$	66,759			$	66,953


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

Average shareholders’ equity	$	133,878			$	129,256			$	134,487			$	133,551			$	133,588			$	134,047			$	129,262
Average goodwill		(66,309	)			(66,132	)			(67,499	)			(65,704	)			(65,703	)			(65,766	)			(66,077	)

Average tangible shareholders’ equity	$	67,569			$	63,124			$	66,988			$	67,847			$	67,885			$	68,281			$	63,185


Operating basis

Return on average assets		1.28		%		1.49		%		0.94		%		1.49		%		1.42		%		1.44		%		1.48		%
Return on average common shareholders’ equity		15.06				16.81				11.18				17.70				16.38				16.22				17.16
Return on average tangible shareholders’ equity		29.45				34.38				22.21				34.34				31.81				31.44				35.07
Efficiency ratio ⁽²⁾		48.34				47.20				51.89				45.18				48.62				46.96				46.48

(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 and Subsidiaries

Consolidated Statement of Income

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



	Nine Months Ended September 30					Third Quarter 2007			Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
	2007		2006			Third Quarter 2007			Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
Interest income
Interest and fees on loans and leases	$	40,318	$	35,569		$	14,111		$	13,323	$	12,884	$	12,705	$	12,638
Interest on debt securities		7,046		9,215			2,334			2,332		2,380		2,440		3,080
Federal funds sold and securities purchased under agreements to resell		5,974		5,755			1,839			2,156		1,979		2,068		2,146
Trading account assets		7,059		5,031			2,519			2,267		2,273		2,201		1,856
Other interest income		3,428		2,524			1,230			1,154		1,044		1,077		952

Total interest income		63,825		58,094			22,033			21,232		20,560		20,491		20,672

Interest expense
Deposits		12,840		10,491			4,545			4,261		4,034		3,989		3,976
Short-term borrowings		16,376		14,618			5,521			5,537		5,318		5,222		5,467
Trading account liabilities		2,619		1,840			906			821		892		800		727
Long-term debt		6,721		5,153			2,446			2,227		2,048		1,881		1,916

Total interest expense		38,556		32,102			13,418			12,846		12,292		11,892		12,086

Net interest income		25,269		25,992			8,615			8,386		8,268		8,599		8,586
Noninterest income
Card income		10,486		10,571			3,595			3,558		3,333		3,719		3,473
Service charges		6,493		6,125			2,221			2,200		2,072		2,099		2,147
Investment and brokerage services		3,720		3,334			1,378			1,193		1,149		1,122		1,085
Investment banking income		1,801		1,623			389			774		638		694		510
Equity investment income		3,747		2,122			904			1,829		1,014		1,067		705
Trading account profits (losses)		305		2,706			(1,457	)		890		872		460		731
Mortgage banking income		516		415			155			148		213		126		189
Gains (losses) on sales of debt securities ⁽¹⁾		71		(464	)		7			2		62		21		(469	)
Other income		1,239		1,670			122			583		534		579		1,227

Total noninterest income		28,378		28,102			7,314			11,177		9,887		9,887		9,598

Total revenue, net of interest expense		53,647		54,094			15,929			19,563		18,155		18,486		18,184

Provision for credit losses		5,075		3,440			2,030			1,810		1,235		1,570		1,165

Noninterest expense
Personnel		13,931		13,767			4,169			4,737		5,025		4,444		4,474
Occupancy		2,211		2,100			754			744		713		726		696
Equipment		1,018		978			336			332		350		351		318
Marketing		1,644		1,713			552			537		555		623		587
Professional fees		770		710			258			283		229		368		259
Amortization of intangibles		1,209		1,322			429			391		389		433		441
Data processing		1,372		1,245			463			472		437		487		426
Telecommunications		750		685			255			244		251		260		237
Other general operating		3,558		3,423			1,243			1,278		1,037		1,157		1,156
Merger and restructuring charges		270		561			84			75		111		244		269

Total noninterest expense		26,733		26,504			8,543			9,093		9,097		9,093		8,863

Income before income taxes		21,839		24,150			5,356			8,660		7,823		7,823		8,156
Income tax expense		7,125		8,273			1,658			2,899		2,568		2,567		2,740

Net income	$	14,714	$	15,877		$	3,698		$	5,761	$	5,255	$	5,256	$	5,416

Preferred stock dividends		129		9			43			40		46		13		—

Net income available to common shareholders	$	14,585	$	15,868		$	3,655		$	5,721	$	5,209	$	5,243	$	5,416


Per common share information
Earnings	$	3.30	$	3.49		$	0.83		$	1.29	$	1.18	$	1.17	$	1.20
Diluted earnings		3.25		3.44			0.82			1.28		1.16		1.16		1.18
Dividends paid		1.76		1.56			0.64			0.56		0.56		0.56		0.56

Average common shares issued and outstanding		4,424,269		4,547,693			4,420,616			4,419,246		4,432,664		4,464,110		4,499,704

Average diluted common shares issued and outstanding		4,483,465		4,614,599			4,475,917			4,476,799		4,497,028		4,536,696		4,570,558

(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 and Subsidiaries

Consolidated Balance Sheet

(Dollars in millions)


	September 30 2007			June 30 2007			September 30 2006
Assets
Cash and cash equivalents		$34,956			$35,499			$31,239
Time deposits placed and other short-term investments		8,829			13,151			13,006
Federal funds sold and securities purchased under agreements to resell		135,150			131,658			134,595
Trading account assets		179,365			182,404			141,211
Derivative assets		30,843			29,810			23,121
Debt securities:
Available-for-sale		176,778			172,332			195,095
Held-to-maturity, at cost		518			995			57
Total debt securities		177,296			173,327			195,152
Loans and leases		793,537			758,635			669,149
Allowance for loan and lease losses		(9,535	)		(9,060	)		(8,872	)
Loans and leases, net of allowance		784,002			749,575			660,277
Premises and equipment, net		9,762			9,482			9,205
Mortgage servicing rights (includes $3,179, $3,269 and $2,932 measured at fair value)		3,417			3,508			3,091
Goodwill		67,433			65,845			65,818
Intangible assets		9,635			8,720			9,758
Other assets		138,075			131,380			162,738
Total assets	$	1,578,763		$	1,534,359		$	1,449,211
Liabilities
Deposits in domestic offices:
Noninterest-bearing	$	165,343		$	172,573		$	169,540
Interest-bearing		434,728			422,201			409,718
Deposits in foreign offices:
Noninterest-bearing		3,950			3,006			4,371
Interest-bearing		95,201			101,629			82,276
Total deposits		699,222			699,409			665,905
Federal funds purchased and securities sold under agreements to repurchase		199,293			221,064			258,090
Trading account liabilities		87,155			75,070			64,936
Derivative liabilities		19,012			25,141			15,394
Commercial paper and other short-term borrowings		201,155			159,542			135,056
Accrued expenses and other liabilities (includes $392, $376 and $388 of reserve for unfunded lending commitments)		48,932			49,065			38,494
Long-term debt		185,484			169,317			137,739
Total liabilities		1,440,253			1,398,608			1,315,614
Shareholders’ equity
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 143,739, 121,739 and 40,739 shares		3,401			2,851			826
Common stock and additional paid-in capital, $0.01 par value; authorized - 7,500,000,000 shares; issued and outstanding - 4,436,855,341, 4,436,935,963 and 4,498,145,315 shares		60,276			60,349			63,929
Retained earnings ⁽¹⁾		84,027			83,223			76,271
Accumulated other comprehensive income (loss) ⁽²⁾		(8,615	)		(9,957	)		(6,867	)
Other		(579	)		(715	)		(562	)
Total shareholders’ equity		138,510			135,751			133,597
Total liabilities and shareholders’ equity	$	1,578,763		$	1,534,359		$	1,449,211

(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)


	Third Quarter 2007 ⁽¹⁾			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
Risk-based capital:
Tier 1 capital	$	94,108		$	94,979		$	91,112		$	91,064		$	88,085
Total capital		135,782			135,059			126,958			125,226			119,074
Risk-weighted assets		1,145,065			1,115,150			1,062,883			1,054,533			1,039,283
Tier 1 capital ratio		8.22	%		8.52	%		8.57	%		8.64	%		8.48	%
Total capital ratio		11.86			12.11			11.94			11.88			11.46
Tangible equity ratio ⁽²⁾		4.09			4.19			4.20			4.35			4.22
Tier 1 leverage ratio		6.20			6.33			6.25			6.36			6.16

(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

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

192.1 million shares remain outstanding under the 2007 authorized program.

9.5 million shares were issued in the third 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)


	Nine Months Ended								Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006				Third Quarter 2006
	September 30
	2007				2006
Net interest income
As reported⁽¹⁾	$	26,368			$	26,860			$	8,990			$	8,781			$	8,597			$	8,955			$	8,894
Impact of market-based net interest income ⁽²⁾		(1,907	)			(1,173	)			(789	)			(635	)			(483	)			(487	)			(377	)

Core net interest income		24,461				25,687				8,201				8,146				8,114				8,468				8,517
Impact of securitizations ⁽³⁾		5,820				5,195				2,009				1,952				1,859				1,850				1,760

Core net interest income - managed basis	$	30,281			$	30,882			$	10,210			$	10,098			$	9,973			$	10,318			$	10,277


Average earning assets
As reported	$	1,352,177			$	1,258,927			$	1,375,795			$	1,358,199			$	1,321,946			$	1,299,461			$	1,302,366
Impact of market-based earning assets ⁽²⁾		(414,218	)			(357,853	)			(406,947	)			(426,598	)			(409,135	)			(406,786	)			(376,967	)

Core average earning assets		937,959				901,074				968,848				931,601				912,811				892,675				925,399
Impact of securitizations		103,028				97,264				104,181				102,357				102,529				100,786				98,722

Core average earning assets - managed basis	$	1,040,987			$	998,338			$	1,073,029			$	1,033,958			$	1,015,340			$	993,461			$	1,024,121


Net interest yield contribution
As reported⁽¹⁾		2.60		%		2.85		%		2.61		%		2.59		%		2.61		%		2.75		%		2.73		%
Impact of market-based activities		0.88				0.96				0.77				0.91				0.95				1.03				0.95

Core net interest yield on earning assets		3.48				3.81				3.38				3.50				3.56				3.78				3.68
Impact of securitizations		0.40				0.32				0.42				0.41				0.38				0.36				0.33

Core net interest yield on earning assets - managed basis		3.88		%		4.13		%		3.80		%		3.91		%		3.94		%		4.14		%		4.01		%

(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 and excludes net interest income on loans for which the fair value option has been elected.

(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 and Subsidiaries

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

(Dollars in millions)


	Third Quarter 2007						Second Quarter 2007						Third 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	$	11,879	$	148	4.92	%	$	15,310	$	188	4.92	%	$	15,629	$	173	4.39	%
Federal funds sold and securities purchased under agreements to resell		139,259		1,839	5.27			166,258		2,156	5.19			173,381		2,146	4.94
Trading account assets		194,661		2,604	5.33			188,287		2,364	5.03			146,817		1,928	5.24
Debt securities ⁽¹⁾		174,568		2,380	5.45			177,834		2,394	5.39			236,033		3,136	5.31
Loans and leases ⁽²⁾:
Residential mortgage		274,385		3,928	5.72			260,099		3,708	5.70			222,889		3,151	5.65
Credit card - domestic		57,491		1,780	12.29			56,235		1,777	12.67			62,508		2,189	13.90
Credit card - foreign		11,995		371	12.25			11,946		350	11.76			9,455		286	12.02
Home equity ⁽³⁾		98,611		1,884	7.58			94,267		1,779	7.57			79,899		1,522	7.56
Direct/Indirect consumer		69,425		1,515	8.66			64,227		1,354	8.46			51,536		1,022	7.90
Other consumer ⁽⁴⁾		7,875		181	9.12			8,101		187	9.28			11,076		298	10.66
Total consumer		519,782		9,659	7.39			494,875		9,155	7.41			437,363		8,468	7.71
Commercial - domestic		176,554		3,207	7.21			166,529		3,039	7.32			153,007		2,805	7.28
Commercial real estate ⁽⁵⁾		38,977		733	7.47			36,788		687	7.49			37,471		724	7.67
Commercial lease financing		20,044		246	4.91			19,784		217	4.40			20,875		232	4.46
Commercial - foreign		25,159		377	5.95			22,223		319	5.75			24,761		454	7.27
Total commercial		260,734		4,563	6.95			245,324		4,262	6.97			236,114		4,215	7.09
Total loans and leases		780,516		14,222	7.25			740,199		13,417	7.26			673,477		12,683	7.49
Other earning assets		74,912		1,215	6.46			70,311		1,108	6.31			57,029		914	6.38
Total earning assets ⁽⁶⁾		1,375,795		22,408	6.48			1,358,199		21,627	6.38			1,302,366		20,980	6.41
Cash and cash equivalents		31,356						33,689						33,495

Other assets, less allowance for loan and lease losses		173,414						169,761						162,126

Total assets	$	1,580,565					$	1,561,649					$	1,497,987

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	31,510	$	50	0.62	%	$	33,039	$	47	0.58	%	$	34,268	$	69	0.81	%
NOW and money market deposit accounts		215,078		1,104	2.04			212,330		987	1.86			212,690		1,053	1.96
Consumer CDs and IRAs		165,840		1,949	4.66			161,703		1,857	4.61			147,607		1,658	4.46
Negotiable CDs, public funds and other time deposits		17,392		227	5.20			16,256		191	4.70			14,105		150	4.19
Total domestic interest-bearing deposits		429,820		3,330	3.07			423,328		3,082	2.92			408,670		2,930	2.84
Foreign interest-bearing deposits:
Banks located in foreign countries		43,727		564	5.12			41,940		522	4.99			38,588		562	5.78
Governments and official institutions		17,206		218	5.03			17,868		224	5.02			12,801		156	4.83
Time, savings and other		41,868		433	4.09			40,335		433	4.31			40,444		328	3.22
Total foreign interest-bearing deposits		102,801		1,215	4.69			100,143		1,179	4.72			91,833		1,046	4.52
Total interest-bearing deposits		532,621		4,545	3.39			523,471		4,261	3.27			500,503		3,976	3.15
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		409,070		5,521	5.36			419,260		5,537	5.30			429,882		5,467	5.05
Trading account liabilities		86,118		906	4.17			85,550		821	3.85			69,462		727	4.15
Long-term debt		175,265		2,446	5.58			158,500		2,227	5.62			136,769		1,916	5.60
Total interest-bearing liabilities ⁽⁶⁾		1,203,074		13,418	4.43			1,186,781		12,846	4.34			1,136,616		12,086	4.23
Noninterest-bearing sources:
Noninterest-bearing deposits		169,860						173,564						176,348
Other liabilities		73,144						67,753						55,761
Shareholders’ equity		134,487						133,551						129,262

Total liabilities and shareholders’ equity	$	1,580,565					$	1,561,649					$	1,497,987
Net interest spread					2.05	%					2.04	%					2.18	%
Impact of noninterest-bearing sources					0.56						0.55						0.55
Net interest income/yield on earning assets			$	8,990	2.61	%			$	8,781	2.59	%			$	8,894	2.73	%

(1)

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

(2)

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

(3)

Includes home equity loans of $16.7 billion and $15.6 billion in the third and second quarters of 2007 and $9.9 billion in the third quarter of 2006.

(4)

Includes consumer finance loans of $3.2 billion and $3.4 billion in the third and second quarters of 2007 and $2.9 billion in the third quarter of 2006, and foreign consumer loans of $4.7 billion and $4.7 billion in the third and second quarters of 2007 and $8.1 billion in the third quarter of 2006.

(5)

Includes domestic commercial real estate loans of $38.0 billion and $36.2 billion in the third and second quarters of 2007 and $36.7 billion in the third quarter of 2006.

(6)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $170 million and $117 million in the third and second quarters of 2007 and $128 million in the third quarter of 2006. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on the underlying liabilities $226 million and $207 million in the third and second quarters of 2007 and $(48) million in the third 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)


	Third Quarter 2007								Second Quarter 2007								Third 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⁾	$	11,879	$	152		5.06		%	$	15,310	$	198		5.20		%	$	15,629	$	201		5.11		%
Federal funds sold and securities purchased under agreements to resell⁽²⁾		139,259		1,936		5.54				166,258		2,256		5.43				173,381		2,239		5.15
Trading account assets		194,661		2,604		5.33				188,287		2,364		5.03				146,817		1,928		5.24
Debt securities ⁽²⁾		174,568		2,385		5.46				177,834		2,401		5.40				236,033		3,137		5.31
Loans and leases:
Residential mortgage		274,385		3,928		5.72				260,099		3,708		5.70				222,889		3,151		5.65
Credit card - domestic		57,491		1,780		12.29				56,235		1,777		12.67				62,508		2,189		13.90
Credit card - foreign		11,995		371		12.25				11,946		350		11.76				9,455		286		12.02
Home equity		98,611		1,884		7.58				94,267		1,779		7.57				79,899		1,522		7.56
Direct/Indirect consumer		69,425		1,515		8.66				64,227		1,354		8.46				51,536		1,022		7.90
Other consumer		7,875		181		9.12				8,101		187		9.28				11,076		298		10.66
Total consumer		519,782		9,659		7.39				494,875		9,155		7.41				437,363		8,468		7.71
Commercial - domestic⁽²⁾		176,554		3,220		7.24				166,529		3,048		7.34				153,007		2,827		7.33
Commercial real estate		38,977		733		7.47				36,788		687		7.49				37,471		724		7.67
Commercial lease financing		20,044		246		4.91				19,784		217		4.40				20,875		232		4.46
Commercial - foreign ⁽²⁾		25,159		411		6.48				22,223		302		5.45				24,761		447		7.17
Total commercial		260,734		4,610		7.02				245,324		4,254		6.95				236,114		4,230		7.11
Total loans and leases		780,516		14,269		7.27				740,199		13,409		7.26				673,477		12,698		7.50
Other earning assets⁽²⁾		74,912		1,232		6.55				70,311		1,116		6.36				57,029		905		6.31
Total earning assets - excluding hedge impact		1,375,795		22,578		6.53				1,358,199		21,744		6.41				1,302,366		21,108		6.45
Net hedge income (expense) on assets				(170	)							(117	)							(128	)
Total earning assets - including hedge impact		1,375,795		22,408		6.48				1,358,199		21,627		6.38				1,302,366		20,980		6.41
Cash and cash equivalents		31,356								33,689								33,495
Other assets, less allowance for loan and lease losses		173,414								169,761								162,126
Total assets	$	1,580,565							$	1,561,649							$	1,497,987
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	31,510	$	50		0.62		%	$	33,039	$	47		0.58		%	$	34,268	$	69		0.81		%
NOW and money market deposit accounts⁽²⁾		215,078		1,099		2.03				212,330		983		1.86				212,690		1,048		1.95
Consumer CDs and IRAs⁽²⁾		165,840		1,797		4.30				161,703		1,699		4.22				147,607		1,435		3.86
Negotiable CDs, public funds and other time deposits⁽²⁾		17,392		225		5.15				16,256		188		4.64				14,105		148		4.14
Total domestic interest-bearing deposits		429,820		3,171		2.93				423,328		2,917		2.76				408,670		2,700		2.62
Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾		43,727		566		5.14				41,940		520		4.97				38,588		577		5.93
Governments and official institutions		17,206		218		5.03				17,868		224		5.02				12,801		156		4.83
Time, savings and other		41,868		433		4.09				40,335		433		4.31				40,444		328		3.22
Total foreign interest-bearing deposits		102,801		1,217		4.70				100,143		1,177		4.71				91,833		1,061		4.58
Total interest-bearing deposits		532,621		4,388		3.27				523,471		4,094		3.14				500,503		3,761		2.98
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾		409,070		5,562		5.40				419,260		5,650		5.40				429,882		5,855		5.41
Trading account liabilities		86,118		906		4.17				85,550		821		3.85				69,462		727		4.15
Long-term debt⁽²⁾		175,265		2,336		5.33				158,500		2,074		5.24				136,769		1,791		5.24
Total interest-bearing liabilities - excluding hedge impact		1,203,074		13,192		4.36				1,186,781		12,639		4.27				1,136,616		12,134		4.24
Net hedge (income) expense on liabilities				226								207								(48	)
Total interest-bearing liabilities - including hedge impact		1,203,074		13,418		4.43				1,186,781		12,846		4.34				1,136,616		12,086		4.23
Noninterest-bearing sources:
Noninterest-bearing deposits		169,860								173,564								176,348
Other liabilities		73,144								67,753								55,761
Shareholders’ equity		134,487								133,551								129,262
Total liabilities and shareholders’ equity	$	1,580,565							$	1,561,649							$	1,497,987
Net interest spread						2.17								2.14								2.21
Impact of noninterest-bearing sources						0.55								0.54								0.54
Net interest income/yield on earning assets - excluding hedge impact			$	9,386		2.72		%			$	9,105		2.68		%			$	8,974		2.75		%
Net impact of hedge income (expense)				(396	)	(0.11	)					(324	)	(0.09	)					(80	)	(0.02	)
Net interest income/yield on earning assets			$	8,990		2.61		%			$	8,781		2.59		%			$	8,894		2.73		%

(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:


	Third Quarter 2007		Second Quarter 2007		Third Quarter 2006
Time deposits placed and other short-term investments	$ (4)		$ (10)		$ (28)
Federal funds sold and securities purchased under agreements to resell	(97	)	(100	)	(93	)
Debt securities	(5	)	(7	)	(1	)
Commercial - domestic	(13	)	(9	)	(22	)
Commercial - foreign	(34	)	17		7
Other earning assets	(17	)	(8	)	9

Net hedge income (expense) on assets	$(170)		$(117)		$(128)

Interest expense excludes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:
NOW and money market deposit accounts	$ 5		$ 4		$ 5
Consumer CDs and IRAs	152		158		223
Negotiable CDs, public funds and other time deposits	2		3		2
Banks located in foreign countries	(2	)	2		(15	)
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings	(41	)	(113	)	(388	)
Long-term debt	110		153		125

Net hedge (income) expense on liabilities	$226		$207		$(48)

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 and Subsidiaries

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

(Dollars in millions)


	Nine Months Ended September 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	$ 14,059	$ 505	4.80	%	$ 15,560	$ 480	4.12	%
Federal funds sold and securities purchased under agreements to resell	157,139	5,974	5.07		175,727	5,755	4.37
Trading account assets	186,137	7,325	5.25		137,961	5,263	5.09
Debt securities ⁽²⁾	179,589	7,225	5.37		235,874	9,341	5.28
Loans and leases ⁽³⁾:
Residential mortgage	260,469	11,140	5.70		201,777	8,406	5.56
Credit card - domestic	57,148	5,444	12.74		65,198	6,537	13.40
Credit card - foreign	11,694	1,038	11.86		8,725	842	12.91
Home equity ⁽⁴⁾	94,179	5,342	7.58		76,098	4,147	7.28
Direct/Indirect consumer	64,637	4,090	8.46		48,799	2,783	7.62
Other consumer ⁽⁵⁾	8,258	572	9.25		10,748	864	10.73
Total consumer	496,385	27,626	7.43		411,345	23,579	7.66
Commercial - domestic	168,948	9,180	7.26		148,746	7,990	7.18
Commercial real estate ⁽⁶⁾	37,305	2,092	7.50		36,968	2,036	7.36
Commercial lease financing	19,828	638	4.29		20,762	741	4.76
Commercial - foreign	22,696	1,026	6.05		24,088	1,337	7.42
Total commercial	248,777	12,936	6.95		230,564	12,104	7.02
Total loans and leases	745,162	40,562	7.27		641,909	35,683	7.43
Other earning assets	70,091	3,333	6.35		51,896	2,440	6.28
Total earning assets ⁽⁷⁾	1,352,177	64,924	6.41		1,258,927	58,962	6.25
Cash and cash equivalents	32,881				34,469
Other assets, less allowance for loan and lease losses	169,702				163,691
Total assets	$1,554,760				$1,457,087
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$ 32,436	$ 138	0.57	%	$ 35,162	$ 221	0.84	%
NOW and money market deposit accounts	213,230	3,027	1.90		220,443	2,957	1.79
Consumer CDs and IRAs	162,372	5,638	4.64		141,407	4,228	4.00
Negotiable CDs, public funds and other time deposits	15,690	554	4.72		11,907	343	3.84
Total domestic interest-bearing deposits	423,728	9,357	2.95		408,919	7,749	2.53
Foreign interest-bearing deposits:
Banks located in foreign countries	42,025	1,617	5.14		33,751	1,475	5.84
Governments and official institutions	16,529	620	5.01		12,152	418	4.60
Time, savings and other	40,587	1,246	4.10		37,606	849	3.02
Total foreign interest-bearing deposits	99,141	3,483	4.70		83,509	2,742	4.39
Total interest-bearing deposits	522,869	12,840	3.28		492,428	10,491	2.85
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings	414,126	16,376	5.29		412,948	14,618	4.73
Trading account liabilities	83,132	2,619	4.21		61,126	1,840	4.03
Long-term debt	160,895	6,721	5.57		126,541	5,153	5.43
Total interest-bearing liabilities ⁽⁷⁾	1,181,022	38,556	4.36		1,093,043	32,102	3.92
Noninterest-bearing sources:
Noninterest-bearing deposits	172,596				178,124
Other liabilities	67,264				56,664
Shareholders’ equity	133,878				129,256
Total liabilities and shareholders’ equity	$1,554,760				$1,457,087
Net interest spread			2.05	%			2.33	%
Impact of noninterest-bearing sources			0.55				0.52
Net interest income/yield on earning assets		$26,368	2.60	%		$26,860	2.85	%

(1)

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

(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 $15.3 billion and $8.9 billion for the nine months ended September 30, 2007 and 2006.

(5)

Includes consumer finance loans of $3.2 billion and $3.0 billion, and foreign consumer loans of $5.1 billion and $7.8 billion for the nine months ended September 30, 2007 and 2006.

(6)

Includes domestic commercial real estate loans of $36.6 billion and $36.2 billion for the nine months ended September 30, 2007 and 2006.

(7)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $408 million and $174 million in the nine months ended September 30, 2007 and 2006. Interest expense includes the impact of interest rate risk management contracts, which increased interest expense on the underlying liabilities $612 million and $175 million in the nine months ended September 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)


	Nine Months Ended September 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⁾	$ 14,059	$ 546		5.19		%	$ 15,560	$ 524		4.51		%
Federal funds sold and securities purchased under agreements to resell⁽²⁾	157,139	6,277		5.33			175,727	6,053		4.60
Trading account assets	186,137	7,325		5.25			137,961	5,263		5.09
Debt securities ⁽²⁾	179,589	7,241		5.38			235,874	9,344		5.28
Loans and leases:
Residential mortgage	260,469	11,140		5.70			201,777	8,406		5.56
Credit card - domestic	57,148	5,444		12.74			65,198	6,537		13.40
Credit card - foreign	11,694	1,038		11.86			8,725	842		12.91
Home equity	94,179	5,342		7.58			76,098	4,147		7.28
Direct/Indirect consumer	64,637	4,090		8.46			48,799	2,783		7.62
Other consumer	8,258	572		9.25			10,748	864		10.73
Total consumer	496,385	27,626		7.43			411,345	23,579		7.66
Commercial - domestic⁽²⁾	168,948	9,201		7.28			148,746	7,825		7.03
Commercial real estate	37,305	2,092		7.50			36,968	2,036		7.36
Commercial lease financing	19,828	638		4.29			20,762	741		4.76
Commercial - foreign ⁽²⁾	22,696	1,025		6.04			24,088	1,328		7.37
Total commercial	248,777	12,956		6.96			230,564	11,930		6.92
Total loans and leases	745,162	40,582		7.28			641,909	35,509		7.39
Other earning assets⁽²⁾	70,091	3,361		6.41			51,896	2,443		6.29
Total earning assets - excluding hedge impact	1,352,177	65,332		6.45			1,258,927	59,136		6.27
Net hedge income (expense) on assets		(408	)					(174	)
Total earning assets - including hedge impact	1,352,177	64,924		6.41			1,258,927	58,962		6.25
Cash and cash equivalents	32,881						34,469
Other assets, less allowance for loan and lease losses	169,702						163,691
Total assets	$1,554,760						$1,457,087
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$ 32,436	$ 138		0.57		%	$ 35,162	$ 221		0.84		%
NOW and money market deposit accounts⁽²⁾	213,230	3,013		1.89			220,443	2,949		1.79
Consumer CDs and IRAs⁽²⁾	162,372	5,134		4.23			141,407	3,687		3.49
Negotiable CDs, public funds and other time deposits⁽²⁾	15,690	547		4.67			11,907	337		3.78
Total domestic interest-bearing deposits	423,728	8,832		2.79			408,919	7,194		2.35
Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾	42,025	1,615		5.14			33,751	1,456		5.77
Governments and official institutions	16,529	620		5.01			12,152	418		4.60
Time, savings and other	40,587	1,246		4.10			37,606	849		3.02
Total foreign interest-bearing deposits	99,141	3,481		4.69			83,509	2,723		4.36
Total interest-bearing deposits	522,869	12,313		3.15			492,428	9,917		2.69
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾	414,126	16,678		5.38			412,948	15,251		4.94
Trading account liabilities	83,132	2,619		4.21			61,126	1,840		4.03
Long-term debt⁽²⁾	160,895	6,334		5.25			126,541	4,919		5.18
Total interest-bearing liabilities - excluding hedge impact	1,181,022	37,944		4.29			1,093,043	31,927		3.90
Net hedge (income) expense on liabilities		612						175
Total interest-bearing liabilities - including hedge impact	1,181,022	38,556		4.36			1,093,043	32,102		3.92
Noninterest-bearing sources:
Noninterest-bearing deposits	172,596						178,124
Other liabilities	67,264						56,664
Shareholders’ equity	133,878						129,256
Total liabilities and shareholders’ equity	$1,554,760						$1,457,087
Net interest spread				2.16						2.37
Impact of noninterest-bearing sources				0.54						0.52
Net interest income/yield on earning assets - excluding hedge impact		27,388		2.70		%		27,209		2.89		%
Net impact of hedge income (expense)		(1,020	)	(0.10	)			(349	)	(0.04	)
Net interest income/yield on earning assets		$26,368		2.60		%		$26,860		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:
	Nine Months Ended September 30
		2007						2006
Time deposits placed and other short-term investments		$ (41)						$ (44)
Federal funds sold and securities purchased under agreements to resell		(303)						(298)
Debt securities		(16)						(3)
Commercial - domestic		(21)						165
Commercial - foreign		1						9
Other earning assets		(28)						(3	)
Net hedge income (expense) on assets		$ (408)						$ (174)
Interest expense excludes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:
NOW and money market deposit accounts		$ 14						$ 8
Consumer CDs and IRAs		504						541
Negotiable CDs, public funds and other time deposits		7						6
Banks located in foreign countries		2						19
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		(302)						(633)
Long-term debt		387						234
Net hedge (income) expense on liabilities		$ 612						$ 175

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

Nine Months Ended September 30, 2007

LOGO

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

Nine Months Ended September 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.


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)


	Nine Months Ended September 30				Third Quarter 2007		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
	2007		2006		Third Quarter 2007		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
Net interest income ⁽³⁾	$ 21,409		$ 21,059		$ 7,265		$ 7,132		$ 7,012		$ 7,138		$ 7,016
Noninterest income:
Card income	7,564		6,739		2,587		2,596		2,381		2,635		2,333
Service charges	4,384		3,949		1,519		1,488		1,377		1,394		1,410
Mortgage banking income	843		630		244		297		302		247		215
Gains (losses) on sales of debt securities	(1)		(1)		—		—		(1)		(1)		—
All other income	969		879		370		331		268		258		310

Total noninterest income	13,759		12,196		4,720		4,712		4,327		4,533		4,268

Total revenue, net of interest expense	35,168		33,255		11,985		11,844		11,339		11,671		11,284
Provision for credit losses ⁽⁴⁾	8,626		5,757		3,121		3,094		2,411		2,777		2,049
Noninterest expense	14,567		13,591		4,971		4,911		4,685		4,784		4,619

Income before income taxes	11,975		13,907		3,893		3,839		4,243		4,110		4,616
Income tax expense ⁽³⁾	4,416		5,123		1,441		1,403		1,572		1,516		1,697

Net income	$ 7,559		$ 8,784		$ 2,452		$ 2,436		$ 2,671		$ 2,594		$ 2,919

Net interest yield ⁽³⁾	8.21	%	8.17	%	8.32	%	8.17	%	8.13	%	8.28	%	8.18	%
Return on average equity	16.35		18.56		15.63		15.84		17.62		16.77		18.70
Efficiency ratio ⁽³⁾	41.42		40.87		41.48		41.47		41.31		40.99		40.94
Balance sheet⁽²⁾
Average
Total loans and leases	$319,089		$284,261		$331,656		$317,246		$308,105		$299,614		$291,028
Total earning assets ⁽⁵⁾	348,696		344,668		346,251		350,202		349,672		342,067		340,345
Total assets ⁽⁵⁾	401,957		396,876		399,196		403,258		403,464		395,619		394,749
Total deposits	324,867		333,709		321,552		326,623		326,480		327,890		332,500
Allocated equity	61,795		63,292		62,222		61,661		61,494		61,379		61,939
Period end
Total loans and leases	$337,783		$294,207		$337,783		$324,452		$309,992		$307,661		$294,207
Total earning assets ⁽⁵⁾	347,057		343,891		347,057		349,138		354,183		343,338		343,891
Total assets ⁽⁵⁾	401,151		399,385		401,151		403,689		409,883		399,373		399,385
Total deposits	321,137		332,795		321,137		326,883		334,918		329,195		332,795
Period end (in billions)
Mortgage servicing portfolio	$ 376.9		$ 323.3		$ 376.9		$ 360.1		$ 345.1		$ 333.0		$ 323.3

(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 43).

(3)

Fully taxable-equivalent basis

(4)

Represents 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 September 30, 2007
	Total⁽¹⁾			Deposits⁽²⁾		Card Services ⁽¹⁾		Consumer Real Estate		ALM/ Other
Net interest income ⁽³⁾	$	7,265		$ 2,354		$ 4,199		$ 577		$135
Noninterest income:
Card income		2,587		552		2,034		1		-
Service charges		1,519		1,518		-		1		-
Mortgage banking income		244		-		-		244		-
Gains (losses) on sales of debt securities		-		-		-		-		-
All other income		370		(1)		272		14		85

Total noninterest income		4,720		2,069		2,306		260		85

Total revenue, net of interest expense		11,985		4,423		6,505		837		220
Provision for credit losses⁽⁴⁾		3,121		76		2,743		197		105
Noninterest expense		4,971		2,249		2,042		525		155

Income before income taxes		3,893		2,098		1,720		115		(40)
Income tax expense (benefit) ⁽³⁾		1,441		777		637		42		(15)

Net income	$	2,452		$ 1,321		$ 1,083		$ 73		$(25)


Net interest yield ⁽³⁾		8.32	%	3.01	%	7.83	%	2.01	%	n/m
Return on average equity		15.63		35.25		9.72		6.97		n/m
Efficiency ratio ⁽³⁾		41.48		50.84		31.40		62.70		n/m
Average - total loans and leases	$	331,656		n/m		$211,885		$108,568		n/m
Average - total deposits		321,552		$315,398		n/m		n/m		n/m
Period end - total assets ⁽⁵⁾		401,151		331,108		245,891		122,024		n/m

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

Net interest income ⁽³⁾	$	7,016		$ 2,362		$ 4,066		$ 502		$ 86
Noninterest income:
Card income		2,333		500		1,831		2		-
Service charges		1,410		1,410		-		-		-
Mortgage banking income		215		-		-		215		-
Gains (losses) on sales of debt securities		-		-		-		-		-
All other income		310		-		213		7		90

Total noninterest income		4,268		1,910		2,044		224		90

Total revenue, net of interest expense		11,284		4,272		6,110		726		176
Provision for credit losses ⁽⁴⁾		2,049		51		1,938		17		43
Noninterest expense		4,619		2,185		1,896		452		86

Income before income taxes		4,616		2,036		2,276		257		47
Income tax expense ⁽³⁾		1,697		749		837		95		16

Net income	$	2,919		$ 1,287		$ 1,439		$ 162		$ 31


Net interest yield ⁽³⁾		8.18	%	2.93	%	8.33	%	2.17	%	n/m
Return on average equity		18.70		35.05		12.90		19.59		n/m
Efficiency ratio ⁽³⁾		40.94		51.15		31.03		62.32		n/m
Average - total loans and leases	$	291,028		n/m		$193,130		$86,768		n/m
Average - total deposits		332,500		$326,030		n/m		n/m		n/m
Period end - total assets ⁽⁵⁾		399,385		342,249		226,482		98,132		n/m

(1)

Presented on a managed basis, specifically Card Services.

(2)

For the three months ended September 30, 2007 and 2006, a total of $2.6 billion and $1.7 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 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)


	Nine Months Ended September 30, 2007
	Total⁽¹⁾			Deposits ⁽²⁾			Card Services ⁽¹⁾		Consumer Real Estate		ALM/ Other

Net interest income ⁽³⁾	$ 21,409			$ 7,099			$ 12,198		$ 1,647		$465
Noninterest income:
Card income	7,564			1,591			5,969		4		-
Service charges	4,384			4,380			-		4		-
Mortgage banking income	843			-			-		843		-
Gains (losses) on sales of debt securities	(1	)		-			-		-		(1	)
All other income	969			(2	)		719		23		229

Total noninterest income	13,759			5,969			6,688		874		228

Total revenue, net of interest expense	35,168			13,068			18,886		2,521		693
Provision for credit losses⁽⁴⁾	8,626			171			7,899		354		202
Noninterest expense	14,567			6,627			6,022		1,477		441

Income before income taxes	11,975			6,270			4,965		690		50
Income tax expense⁽³⁾	4,416			2,312			1,832		254		18

Net income	$ 7,559			$ 3,958			$ 3,133		$ 436		$ 32


Net interest yield ⁽³⁾	8.21		%	3.03		%	7.89	%	2.07	%	n/m
Return on average equity	16.35			35.53			9.61		15.20		n/m
Efficiency ratio ⁽³⁾	41.42			50.71			31.89		58.57		n/m
Average - total loans and leases	$319,089			n/m			$205,834		$102,040		n/m
Average - total deposits	324,867			$318,855			n/m		n/m		n/m
Period end - total assets ⁽⁵⁾	401,151			331,108			245,891		122,024		n/m


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

Net interest income ⁽³⁾	$ 21,059			$ 7,021			$ 12,221		$ 1,477		$340
Noninterest income:
Card income	6,739			1,403			5,331		5		-
Service charges	3,949			3,946			-		3		-
Mortgage banking income	630			-			-		630		-
Gains (losses) on sales of debt securities	(1	)		-			-		-		(1	)
All other income	879			1			638		20		220

Total noninterest income	12,196			5,350			5,969		658		219

Total revenue, net of interest expense	33,255			12,371			18,190		2,135		559
Provision for credit losses⁽⁴⁾	5,757			109			5,480		46		122
Noninterest expense	13,591			6,543			5,505		1,280		263

Income before income taxes	13,907			5,719			7,205		809		174
Income tax expense⁽³⁾	5,123			2,108			2,655		298		62

Net income	$ 8,784			$ 3,611			$ 4,550		$ 511		$112


Net interest yield ⁽³⁾	8.17		%	2.92		%	8.60	%	2.21	%	n/m
Return on average equity	18.56			33.23			13.68		21.82		n/m
Efficiency ratio ⁽³⁾	40.87			52.89			30.26		59.94		n/m
Average - total loans and leases	$284,261			n/m			$189,213		$83,853		n/m
Average - total deposits	333,709			$327,706			n/m		n/m		n/m
Period end - total assets ⁽⁵⁾	399,385			342,249			226,482		98,132		n/m

(1)

Presented on a managed basis, specifically Card Services.

(2)

For the nine months ended September 30, 2007 and 2006, a total of $9.0 billion and $7.0 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 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 September 30, 2007
	Total	Consumer	Mass Market Small Business
Net interest income ⁽²⁾	$7,265	$6,308	$957
Noninterest income	4,720	4,052	668

Total revenue, net of interest expense	11,985	10,360	1,625
Provision for credit losses ⁽³⁾	3,121	2,580	541
Noninterest expense	4,971	4,454	517

Income before income taxes	3,893	3,326	567
Income tax expense⁽²⁾	1,441	1,232	209

Net income	$2,452	$2,094	$358


	Three Months Ended September 30, 2006
	Total	Consumer	Mass Market Small Business

Net interest income ⁽²⁾	$7,016	$6,175	$841
Noninterest income	4,268	3,724	544

Total revenue, net of interest expense	11,284	9,899	1,385
Provision for credit losses ⁽³⁾	2,049	1,843	206
Noninterest expense	4,619	4,137	482

Income before income taxes	4,616	3,919	697
Income tax expense⁽²⁾	1,697	1,441	256

Net income	$2,919	$2,478	$441

(1)

Presented on a managed basis, specifically Card Services.

(2)

Fully taxable-equivalent basis

(3)

Represents 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 Business Results: Customer Relationship View⁽¹⁾

(Dollars in millions)


	Nine Months Ended September 30, 2007
	Total	Consumer	Mass Market Small Business
Net interest income ⁽²⁾	$21,409	$18,684	$2,725
Noninterest income	13,759	11,887	1,872

Total revenue, net of interest expense	35,168	30,571	4,597
Provision for credit losses⁽³⁾	8,626	7,343	1,283
Noninterest expense	14,567	13,090	1,477

Income before income taxes	11,975	10,138	1,837
Income tax expense⁽²⁾	4,416	3,739	677

Net income	$ 7,559	$ 6,399	$1,160


	Nine Months Ended September 30, 2006
	Total	Consumer	Mass Market Small Business

Net interest income ⁽²⁾	$21,059	$18,669	$2,390
Noninterest income	12,196	10,636	1,560

Total revenue, net of interest expense	33,255	29,305	3,950
Provision for credit losses ⁽³⁾	5,757	5,236	521
Noninterest expense	13,591	12,175	1,416

Income before income taxes	13,907	11,894	2,013
Income tax expense⁽²⁾	5,123	4,381	742

Net income	$ 8,784	$ 7,513	$1,271

(1)

Presented on a managed basis, specifically Card Services.

(2)

Fully taxable-equivalent basis

(3)

Represents 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.		17

Bank of America Corporation

Global Consumer and Small Business Banking - Key Indicators

(Dollars in millions; except as noted)


	Nine Months Ended September 30						Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
	2007			2006			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
Deposits Key Indicators
Average deposit balances
Checking	$	124,256		$	127,297		$	121,904		$	125,771		$	125,127		$	124,441		$	125,809
Savings		29,427			31,768			28,533			30,029			29,732			29,889			31,058
MMS		62,522			72,285			60,890			62,554			64,159			66,066			69,049
CD’s & IRA’s		100,162			93,705			101,358			99,546			99,563			99,165			97,514
Foreign and other		2,488			2,651			2,713			2,382			2,364			2,330			2,600

Total average deposit balances	$	318,855		$	327,706		$	315,398		$	320,282		$	320,945		$	321,891		$	326,030


Total balances migrated to
Premier Banking and Investments	$	8,968		$	7,021		$	2,560		$	2,857		$	3,551		$	3,667		$	1,671

Deposit spreads (excludes noninterest costs)
Checking		4.27	%		4.18	%		4.30	%		4.27	%		4.24	%		4.23	%		4.19	%
Savings		3.73			3.41			3.71			3.71			3.77			3.70			3.45
MMS		3.41			2.72			3.43			3.36			3.42			3.25			2.87
CD’s & IRA’s		1.10			1.24			1.06			1.10			1.13			1.11			1.21
Foreign and other		4.33			4.25			4.32			4.28			4.41			4.27			4.23
Total deposit spreads		3.04			2.93			3.02			3.04			3.05			3.00			2.93

Net new retail checking (units in thousands)		1,961			2,048			757			717			487			363			744
Debit purchase volumes	$	138,316		$	123,905		$	47,326		$	47,421		$	43,569		$	45,121		$	42,790

Online banking (end of period)
Active accounts (units in thousands)		23,057			19,913			23,057			22,190			21,813			20,552			19,913
Active billpay accounts (units in thousands)		11,928			10,589			11,928			11,567			11,285			10,832			10,589
Card Services Key Indicators
Managed Card - US Consumer and Business Card
Gross interest yield		12.80	%		12.64	%		12.72	%		12.82	%		12.85	%		12.98	%		12.85	%
Risk adjusted margin ⁽¹⁾		7.72			9.57			7.74			7.61			7.82			8.74			8.84
Loss rates		4.96			3.61			4.86			5.20			4.81			4.57			4.18
Average outstandings	$	149,656		$	144,545		$	152,961		$	147,972		$	147,980		$	146,939		$	145,518
Ending outstandings		154,722			145,891			154,722			150,159			146,013			150,731			145,891
New account growth (in thousands)		7,155			7,001			2,588			2,432			2,135			2,488			2,516
Purchase volumes	$	178,265		$	173,986		$	61,365		$	61,383		$	55,517		$	62,073		$	60,662
Delinquencies:
30 Day		5.44	%		5.14	%		5.44	%		5.24	%		5.44	%		5.49	%		5.14	%
90 Day		2.58			2.38			2.58			2.65			2.88			2.66			2.38

Consumer Real Estate Key Indicators
Mortgage servicing rights at fair value period end balance	$	3,179		$	2,932		$	3,179		$	3,269		$	2,963		$	2,869		$	2,932
Capitalized mortgage servicing rights (% of loans serviced)		130	bps		127	bps		130	bps		141	bps		127	bps		125	bps		127	bps
Mortgage loans serviced for investors (in billions)	$	245		$	230		$	245		$	232		$	234		$	230		$	230

Global Consumer and Small Business Banking
Mortgage production	$	70,934		$	55,553		$	24,533		$	25,755		$	20,646		$	21,370		$	19,095
Home equity production		53,204			49,300			17,347			18,547			17,310			18,460			17,497

Total Corporation
Mortgage production		79,551			61,818			26,930			29,172			23,449			23,701			21,222
Home equity production		64,884			61,084			21,105			22,746			21,033			21,882			21,193

(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.		18

Bank of America Corporation

E-Commerce & BankofAmerica.com

Bank of America has the largest active online banking customer base with 23.1 million subscribers.

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

11.9 million active bill pay users paid $57.7 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 387 companies are presenting 31.4 million e-bills per quarter.

LOGO


		This information is preliminary and based on company data available at the time of the presentation.		19

Bank of America Corporation

Credit Card Data ⁽¹⁾

(Dollars in millions)


	Nine Months Ended September 30								Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006				Third Quarter 2006
	2007				2006				Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006				Third Quarter 2006
Loans
Period end
Held credit card outstandings	$	71,702			$	70,067			$	71,702			$	69,241			$	65,920			$	72,194			$	70,067
Securitization impact		102,068				94,389				102,068				100,611				99,495				98,295				94,389

Managed credit card outstandings	$	173,770			$	164,456			$	173,770			$	169,852			$	165,415			$	170,489			$	164,456

Average
Held credit card outstandings	$	68,842			$	73,923			$	69,486			$	68,181			$	68,853			$	70,177			$	71,963
Securitization impact		100,163				88,615				102,516				99,388				98,539				95,815				92,175

Managed credit card outstandings	$	169,005			$	162,538			$	172,002			$	167,569			$	167,392			$	165,992			$	164,138


Credit Quality
Charge-Offs $
Held net charge-offs	$	2,595			$	2,356			$	808			$	893			$	894			$	963			$	923
Securitization impact		3,481				2,112				1,216				1,206				1,059				943				825

Managed credit card net losses	$	6,076			$	4,468			$	2,024			$	2,099			$	1,953			$	1,906			$	1,748

Charge-Offs %
Held net charge-offs		5.04		%		4.26		%		4.61		%		5.25		%		5.27		%		5.44		%		5.09		%
Securitization impact		(0.23	)			(0.58	)			0.06				(0.23	)			(0.54	)			(0.88	)			(0.86	)

Managed credit card net losses		4.81		%		3.68		%		4.67		%		5.02		%		4.73		%		4.56		%		4.23		%

30+ Delinquency $
Held delinquency	$	3,727			$	4,234			$	3,727			$	3,593			$	3,660			$	4,347			$	4,234
Securitization impact		5,381				4,152				5,381				5,034				5,144				4,815				4,152

Managed delinquency	$	9,108			$	8,386			$	9,108			$	8,627			$	8,804			$	9,162			$	8,386

30+ Delinquency %
Held delinquency		5.20		%		6.04		%		5.20		%		5.19		%		5.55		%		6.02		%		6.04		%
Securitization impact		0.04				(0.94	)			0.04				(0.11	)			(0.23	)			(0.65	)			(0.94	)

Managed delinquency		5.24		%		5.10		%		5.24		%		5.08		%		5.32		%		5.37		%		5.10		%

90+ Delinquency $
Held delinquency	$	1,788			$	2,036			$	1,788			$	1,850			$	1,986			$	2,175			$	2,036
Securitization impact		2,514				1,860				2,514				2,480				2,633				2,261				1,860

Managed delinquency	$	4,302			$	3,896			$	4,302			$	4,330			$	4,619			$	4,436			$	3,896

90+ Delinquency %
Held delinquency		2.49		%		2.91		%		2.49		%		2.67		%		3.01		%		3.01		%		2.91		%
Securitization impact		(0.01	)			(0.54	)			(0.01	)			(0.12	)			(0.22	)			(0.41	)			(0.54	)

Managed delinquency		2.48		%		2.37		%		2.48		%		2.55		%		2.79	%	%		2.60		%		2.37		%

(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.		20

Bank of America Corporation

Global Corporate and Investment Banking Segment Results ⁽¹⁾

(Dollars in millions)


	Nine Months Ended September 30						Third Quarter 2007				Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006				Third Quarter 2006
	2007			2006			Third Quarter 2007				Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006				Third Quarter 2006
Net interest income ⁽²⁾	$	7,809		$	7,356		$	2,747			$	2,634		$	2,428		$	2,521			$	2,409
Noninterest income:
Service charges		2,009			1,989			673				683			653			658				676
Investment and brokerage services		688			717			235				221			232			225				225
Investment banking income		1,960			1,720			436				821			703			756				554
Trading account profits (losses)		270			2,538			(1,445	)			877			838			429				707
Gains on sales of debt securities		2			21			—				—			2			13				11
All other income		1,460			1,667			239				671			550			551				586

Total noninterest income		6,389			8,652			138				3,273			2,978			2,632				2,759

Total revenue, net of interest expense		14,198			16,008			2,885				5,907			5,406			5,153				5,168
Provision for credit losses		384			82			228				41			115			(73	)			36
Noninterest expense		8,566			8,572			2,486				3,163			2,917			3,007				2,861

Income before income taxes		5,248			7,354			171				2,703			2,374			2,219				2,271
Income tax expense⁽²⁾		1,948			2,720			71				992			885			821				838

Net income	$	3,300		$	4,634		$	100			$	1,711		$	1,489		$	1,398			$	1,433

Net interest yield ⁽²⁾		1.58	%		1.65	%		1.64		%		1.57	%		1.51	%		1.53		%		1.54	%
Return on average equity		10.38			14.59			0.91				16.34			14.53			13.53				13.82
Efficiency ratio ⁽²⁾		60.33			53.55			86.19				53.53			53.96			58.34				55.36

Balance sheet
Average
Total loans and leases	$	256,590		$	230,345		$	267,758			$	253,895		$	247,898		$	239,384			$	234,800
Total trading-related assets		364,842			328,642			356,867				377,171			360,530			361,247				339,119
Total market-based earning assets ⁽³⁾		414,218			357,853			406,947				426,598			409,135			406,786				376,967
Total earning assets⁽⁴⁾		662,287			594,551			663,181				673,184			650,353			652,270				619,098
Total assets ⁽⁴⁾		752,413			677,297			757,583				765,094			734,306			733,303				698,456
Total deposits		215,491			191,773			217,632				220,180			208,561			204,467				194,806
Allocated equity		42,524			42,451			44,013				41,994			41,537			40,982				41,130
Period end
Total loans and leases	$	275,427		$	235,807		$	275,427			$	257,537		$	249,861		$	242,700			$	235,807
Total trading-related assets		333,107			296,054			333,107				342,629			333,681			309,097				296,054
Total market-based earning assets ⁽³⁾		374,905			338,623			374,905				386,853			385,285			348,717				338,623
Total earning assets ⁽⁴⁾		636,794			581,733			636,794				637,880			628,831			599,326				581,733
Total assets ⁽⁴⁾		738,553			667,345			738,553				731,361			716,128			685,935				667,345
Total deposits		211,577			191,602			211,577				221,866			210,105			212,028				191,602

(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.		21

Bank of America Corporation

Global Corporate and Investment Banking Business Results

(Dollars in millions)


	Three Months Ended September 30, 2007
	Total				Business Lending				Capital Markets and Advisory Services ⁽¹⁾			Treasury Services				ALM/ Other
Net interest income ⁽²⁾	$	2,747			$	1,105			$ 811			$	927			$	(96	)
Noninterest income:
Service charges		673				114			36				522				1
Investment and brokerage services		235				1			225				10				(1	)
Investment banking income		436				—			436				—				—
Trading account profits (losses)		(1,445	)			(45	)		(1,415	)			18				(3	)
Gains (losses) on sales of debt securities		—				—			—				—				—
All other income		239				213			(277	)			274				29

Total noninterest income		138				283			(995	)			824				26

Total revenue, net of interest expense		2,885				1,388			(184	)			1,751				(70	)
Provision for credit losses		228				233			(4	)			(3	)			2
Noninterest expense		2,486				553			955				869				109

Income before income taxes		171				602			(1,135	)			885				(181	)
Income tax expense (benefit)⁽²⁾		71				223			(418	)			327				(61	)

Net income	$	100			$	379			$ (717)			$	558			$	(120	)

Net interest yield ⁽²⁾		1.64		%		1.81		%	n/m				2.76		%		n/m
Return on average equity		0.91				9.71			(20.84	)	%		28.00				n/m
Efficiency ratio ⁽²⁾		86.19				39.77			n/m				49.58				n/m
Average - total loans and leases	$	267,758			$	239,694			$22,718			$	5,333				n/m
Average - total deposits		217,632				n/m			66,745				150,669				n/m
Period end - total assets ⁽³⁾		738,553				253,860			430,915				157,134				n/m

	Three Months Ended September 30, 2006
	Total				Business Lending				Capital Markets and Advisory Services			Treasury Services				ALM/ Other
Net interest income ⁽²⁾	$	2,409			$	1,118			$ 377			$	980			$	(66	)
Noninterest income:
Service charges		676				124			30				523				(1	)
Investment and brokerage services		225				5			211				9				—
Investment banking income		554				—			554				—				—
Trading account profits		707				11			682				14				—
Gains on sales of debt securities		11				3			8				—				—
All other income		586				117			65				375				29

Total noninterest income		2,759				260			1,550				921				28

Total revenue, net of interest expense		5,168				1,378			1,927				1,901				(38	)
Provision for credit losses		36				54			(3	)			(1	)			(14	)
Noninterest expense		2,861				518			1,458				896				(11	)

Income before income taxes		2,271				806			472				1,006				(13	)
Income tax expense⁽²⁾		838				287			174				372				5

Net income	$	1,433			$	519			$ 298			$	634			$	(18	)

Net interest yield ⁽²⁾		1.54		%		1.89		%	n/m				2.92		%		n/m
Return on average equity		13.82				14.15			10.67	%			32.65				n/m
Efficiency ratio ⁽²⁾		55.36				37.67			75.63				47.19				n/m
Average - total loans and leases	$	234,800			$	219,542			$11,043			$	4,210				n/m
Average - total deposits		194,806				n/m			50,978				143,509				n/m
Period end - total assets ⁽³⁾		667,345				243,247			375,573				160,141				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

(Dollars in millions)


	Nine Months Ended September 30, 2007
	Total			Business Lending				Capital Markets and Advisory Services ⁽¹⁾			Treasury Services			ALM/ Other
Net interest income ⁽²⁾	$	7,809		$	3,289			$ 1,951			$	2,823		$	(254	)
Noninterest income:
Service charges		2,009			362			99				1,548			—
Investment and brokerage services		688			1			656				31			—
Investment banking income		1,960			—			1,960				—			—
Trading account profits (losses)		270			(43	)		271				46			(4	)
Gains on sales of debt securities		2			—			2				—			—
All other income		1,460			633			(86	)			802			111

Total noninterest income		6,389			953			2,902				2,427			107

Total revenue, net of interest expense		14,198			4,242			4,853				5,250			(147	)
Provision for credit losses		384			370			6				8			—
Noninterest expense		8,566			1,577			4,125				2,648			216

Income before income taxes		5,248			2,295			722				2,594			(363	)
Income tax expense (benefit)⁽²⁾		1,948			849			269				960			(130	)

Net income	$	3,300		$	1,446			$ 453			$	1,634		$	(233	)

Net interest yield ⁽²⁾		1.58	%		1.86		%	n/m				2.78	%		n/m
Return on average equity		10.38			12.96			4.85		%		27.89			n/m
Efficiency ratio ⁽²⁾		60.33			37.14			84.99				50.43			n/m
Average - total loans and leases	$	256,590		$	233,267			$18,505			$	4,803			n/m
Average - total deposits		215,491			n/m			64,281				150,975			n/m
Period end - total assets ⁽³⁾		738,553			253,860			430,915				157,134			n/m

	Nine Months Ended September 30, 2006
	Total			Business Lending				Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽²⁾	$	7,356		$	3,445			$ 1,173			$	2,902		$	(164	)
Noninterest income:
Service charges		1,989			372			91				1,526			—
Investment and brokerage services		717			14			679				24			—
Investment banking income		1,720			—			1,720				—			—
Trading account profits		2,538			46			2,441				39			12
Gains on sales of debt securities		21			8			12				—			1
All other income		1,667			357			297				956			57

Total noninterest income		8,652			797			5,240				2,545			70

Total revenue, net of interest expense		16,008			4,242			6,413				5,447			(94	)
Provision for credit losses		82			87			8				—			(13	)
Noninterest expense		8,572			1,525			4,328				2,682			37

Income before income taxes		7,354			2,630			2,077				2,765			(118	)
Income tax expense (benefit)⁽²⁾		2,720			973			769				1,023			(45	)

Net income	$	4,634		$	1,657			$ 1,308			$	1,742		$	(73	)

Net interest yield ⁽²⁾		1.65	%		2.01		%	n/m				2.86	%		n/m
Return on average equity		14.59			13.87			15.71		%		28.72			n/m
Efficiency ratio ⁽²⁾		53.55			35.94			67.48				49.22			n/m
Average - total loans and leases	$	230,345		$	215,529			$10,645			$	4,154			n/m
Average - total deposits		191,773			n/m			45,688				145,803			n/m
Period end - total assets ⁽³⁾		667,345			243,247			375,573				160,141			n/m

(1)

Includes $44 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.		23

Bank of America Corporation

Global Corporate and Investment Banking Business Results: Customer Relationship View

(Dollars in millions)


	Three Months Ended September 30, 2007
	Total				Commercial				Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$	2,747			$	1,682			$ 1,180			$	(115	)
Noninterest income:
Service charges		673				315			356				2
Investment and brokerage services		235				8			227				—
Investment banking income		436				21			415				—
Trading account profits (losses)		(1,445	)			(30	)		(1,412	)			(3	)
Gains (losses) on sales of debt securities		—				—			—				—
All other income		239				405			(178	)			12

Total noninterest income		138				719			(592	)			11

Total revenue, net of interest expense		2,885				2,401			588				(104	)
Provision for credit losses		228				168			60				—
Noninterest expense		2,486				881			1,624				(19	)

Income before income taxes		171				1,352			(1,096	)			(85	)
Income tax expense (benefit)⁽¹⁾		71				500			(403	)			(26	)

Net income	$	100			$	852			$ (693)			$	(59	)

Net interest yield ⁽¹⁾		1.64		%		3.32		%	n/m				n/m
Return on average equity		0.91				19.28			(14.11	)	%		n/m
Efficiency ratio ⁽¹⁾		86.19				36.75			n/m				n/m
Average - total loans and leases	$	267,758			$	196,560			$71,159				n/m
Average - total deposits		217,632				87,560			129,956				n/m
Period end - total assets ⁽²⁾		738,553				221,456			498,707				n/m

	Three Months Ended September 30, 2006
	Total				Commercial				Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$	2,409				$ 1,708			$ 798			$	(97	)
Noninterest income:
Service charges		676				316			360				—
Investment and brokerage services		225				12			213				—
Investment banking income		554				14			540				—
Trading account profits		707				15			692				—
Gains on sales of debt securities		11				—			11				—
All other income		586				510			69				7

Total noninterest income		2,759				867			1,885				7

Total revenue, net of interest expense		5,168				2,575			2,683				(90	)
Provision for credit losses		36				81			(25	)			(20	)
Noninterest expense		2,861				843			1,931				87

Income before income taxes		2,271				1,651			777				(157	)
Income tax expense (benefit)⁽¹⁾		838				600			287				(49	)

Net income	$	1,433				$ 1,051			$ 490			$	(108	)

Net interest yield ⁽¹⁾		1.54		%		3.62		%	n/m				n/m
Return on average equity		13.82				25.80			11.43		%		n/m
Efficiency ratio ⁽¹⁾		55.36				32.75			71.96				n/m
Average - total loans and leases	$	234,800				$183,688			$51,087				n/m
Average - total deposits		194,806				86,047			108,671				n/m
Period end - total assets ⁽²⁾		667,345				205,967			443,208				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 Results: Customer Relationship View

(Dollars in millions)


	Nine Months Ended September 30, 2007
	Total			Commercial			Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$	7,809		$ 4,983			$ 3,150			$	(324	)
Noninterest income:
Service charges		2,009		941			1,066				2
Investment and brokerage services		688		25			662				1
Investment banking income		1,960		56			1,903				1
Trading account profits (losses)		270		(23	)		298				(5	)
Gains on sales of debt securities		2		—			2				—
All other income		1,460		1,373			16				71

Total noninterest income		6,389		2,372			3,947				70

Total revenue, net of interest expense		14,198		7,355			7,097				(254	)
Provision for credit losses		384		300			79				5
Noninterest expense		8,566		2,599			5,814				153

Income before income taxes		5,248		4,456			1,204				(412	)
Income tax expense (benefit)⁽¹⁾		1,948		1,649			448				(149	)

Net income	$	3,300		$ 2,807			$ 756			$	(263	)

Net interest yield ⁽¹⁾		1.58	%	3.37		%	n/m				n/m
Return on average equity		10.38		22.28			5.54		%		n/m
Efficiency ratio ⁽¹⁾		60.33		35.35			81.92				n/m
Average - total loans and leases	$	256,590		$ 193,302			$ 63,303				n/m
Average - total deposits		215,491		87,120			128,250				n/m
Period end - total assets ⁽²⁾		738,553		221,456			498,707				n/m

	Nine Months Ended September 30, 2006
	Total			Commercial			Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$	7,356		$ 5,179			$ 2,498			$	(321	)
Noninterest income:
Service charges		1,989		923			1,064				2
Investment and brokerage services		717		32			685				—
Investment banking income		1,720		37			1,683				—
Trading account profits		2,538		53			2,472				13
Gains on sales of debt securities		21		—			21				—
All other income		1,667		1,441			208				18

Total noninterest income		8,652		2,486			6,133				33

Total revenue, net of interest expense		16,008		7,665			8,631				(288	)
Provision for credit losses		82		209			(100	)			(27	)
Noninterest expense		8,572		2,506			5,789				277

Income before income taxes		7,354		4,950			2,942				(538	)
Income tax expense (benefit)⁽¹⁾		2,720		1,831			1,089				(200	)

Net income	$	4,634		$ 3,119			$ 1,853			$	(338	)

Net interest yield ⁽¹⁾		1.65	%	3.76		%	n/m				n/m
Return on average equity		14.59		24.15			13.89		%		n/m
Efficiency ratio ⁽¹⁾		53.55		32.69			67.08				n/m
Average - total loans and leases	$	230,345		$180,895			$ 49,422				n/m
Average - total deposits		191,773		88,084			103,601				n/m
Period end - total assets ⁽²⁾		667,345		205,967			443,208				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.		25

Bank of America Corporation

Global Corporate and Investment Banking - Business Lending Key Indicators

(Dollars in millions)


	Nine Months Ended September 30							Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006				Third Quarter 2006
	2007			2006				Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006				Third Quarter 2006
Business lending revenue, net of interest expense
Corporate lending⁽¹⁾	$	556		$	518			$	175			$	200			$	181			$	153			$	179
Commercial lending		3,136			3,177				1,043				1,102				991				1,045				1,016
Consumer indirect lending		550			547				170				201				179				175				183

Total revenue, net of interest expense	$	4,242		$	4,242			$	1,388			$	1,503			$	1,351			$	1,373			$	1,378

Business lending margin
Corporate lending		1.06	%		1.30		%		0.82		%		1.18		%		1.21		%		1.32		%		1.23		%
Commercial lending		1.46			1.65				1.46				1.49				1.44				1.52				1.57
Consumer indirect lending		1.70			1.80				1.71				1.72				1.66				1.78				1.74
Provision for credit losses
Corporate lending	$	68		$	(107	)		$	66			$	(3	)		$	5			$	(101	)		$	(21	)
Commercial lending		45			(8	)			65				(4	)			(16	)			(60	)			10
Consumer indirect lending		257			202				102				41				114				70				65

Total provision for credit losses	$	370		$	87			$	233			$	34			$	103			$	(91	)		$	54

Credit quality (% vs. loans) ^{(2, 3, 4)}
Criticized assets
Corporate lending	$	1,538		$	1,428			$	1,538			$	770			$	934			$	1,289			$	1,428
		1.98	%		2.12	%			1.98		%		0.95		%		1.23		%		1.85		%		2.12		%
Commercial lending	$	8,005		$	5,175			$	8,005			$	5,634			$	5,509			$	4,987			$	5,175
		4.24	%		2.94	%			4.24		%		3.13		%		3.09		%		2.80		%		2.94		%

Total criticized assets	$	9,543		$	6,603			$	9,543			$	6,404			$	6,443			$	6,276			$	6,603
		3.58	%		2.72	%			3.58	%			2.45		%		2.54		%		2.54		%		2.72		%
Nonperforming assets
Corporate lending	$	269		$	145			$	269			$	21			$	29			$	138			$	145
		0.62	%		0.44	%			0.62		%		0.06		%		0.08		%		0.39		%		0.44		%
Commercial lending	$	765		$	402			$	765			$	688			$	564			$	487			$	402
		0.49	%		0.27	%			0.49		%		0.46		%		0.38		%		0.33		%		0.27		%

Total nonperforming assets	$	1,034		$	547			$	1,034			$	709			$	593			$	625			$	547
		0.52	%		0.30	%			0.52		%		0.38		%		0.32		%		0.34		%		0.30		%
Average loans and leases by product
Commercial	$	118,579		$	110,662			$	121,197			$	116,596			$	117,907			$	115,366			$	112,636
Leases		21,746			20,301				22,052				21,725				21,454				20,908				20,379
Foreign		15,632			12,868				17,430				14,977				14,456				13,912				13,373
Real estate		34,867			34,927				36,120				34,477				33,981				34,422				35,196
Consumer		40,418			34,511				40,956				40,792				39,489				35,539				35,752
Other		2,025			2,260				1,939				1,972				2,169				2,205				2,206

Total average loans and leases	$	233,267		$	215,529			$	239,694			$	230,539			$	229,456			$	222,352			$	219,542




(1) Total corporate lending revenue	$	*556*		$	518			$	*175*			$	200			$	181			$	153			$	179
Less: impact of credit mitigation		*(21*	)		(159	)			(7	)			(3	)			(11	)			(63	)			(36	)

Corporate lending revenues excluding credit mitigation	$	*577*		$	677			$	*182*			$	203			$	192			$	216			$	215

(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, standby 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.		26

Bank of America Corporation

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

(Dollars in millions)


	Nine Months Ended September 30					Third Quarter 2007			Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
	2007			2006		Third Quarter 2007			Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
Investment banking income
Advisory fees	$	334		$	214	$	94		$	110	$	130	$	123	$	85
Debt underwriting		1,395			1,275		281			611		503		549		417
Equity underwriting		231			231		61			100		70		84		52

Total investment banking income		1,960			1,720		436			821		703		756		554

Sales and trading
Fixed income:
Liquid products		1,527			1,717		568			545		414		441		433
Credit products		(82	)		675		(885	)		326		477		146		237
Structured products		304			1,103		(569	)		521		352		346		373

Total fixed income		1,749			3,495		(886	)		1,392		1,243		933		1,043
Equity income		1,100			1,198		244			435		421		373		330

Total sales and trading		2,849			4,693		(642	)		1,827		1,664		1,306		1,373

Total Capital Markets and Advisory Services market-based revenue⁽¹⁾	$	4,809		$	6,413	$	(206	)	$	2,648	$	2,367	$	2,062	$	1,927

Balance sheet (average)
Trading account securities	$	183,705		$	135,385	$	192,844		$	185,839	$	172,203	$	164,545	$	143,996
Reverse repurchases		63,193			73,003		52,436			70,821		66,476		74,845		73,162
Securities borrowed		90,358			96,641		81,404			92,056		97,795		98,371		98,375
Derivative assets		25,812			22,447		28,625			26,660		22,080		21,470		22,083

Total trading-related assets	$	363,068		$	327,476	$	355,309		$	375,376	$	358,554	$	359,231	$	337,616

Sales credits from secondary trading
Liquid products		884			741		323			284		277		249		226
Credit products		987			585		359			335		293		233		191
Structured products		584			489		154			217		213		168		162
Equities		864			777		277			303		284		250		227

Total sales credits		3,319			2,592		1,113			1,139		1,067		900		806

Volatility of product revenues - 1 std dev
Liquid products	$	12.0		$	7.0	$	16.3		$	9.0	$	9.1	$	7.2	$	7.8
Credit products		16.5			3.4		21.8			6.3		6.0		2.9		2.5
Structured products		21.7			5.2		33.5			7.2		7.6		5.6		4.6
Equities		10.6			4.5		16.3			6.3		4.9		4.2		3.6
Total volatility		38.6			10.1		54.9			16.2		14.6		12.5		9.3

(1)

Market-based revenue for the nine months ended September 30, 2007, and the three months ended September 30, 2007 and June 30, 2007, excludes $44 million, $22 million and $22 million, respectively, 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.		27

Bank of America Corporation

Global Corporate & Investment Banking Strategic Progress

LOGO

Source: Thomson Financial except Syndicated Loans and Leveraged Loans from Loan Pricing Corporation. Ranked based on deal size.

(1)

M&A Announced Advisor Rankings

(2)

Tied for #9

Highlights

•

Top 5 rankings in:

Syndicated loans

Leveraged loans

Investment grade debt

Convertible debt

Asset-backed securities


This information is preliminary and based on company data available at the time of the presentation.		28

Bank of America Corporation

Liquidity Exposure to Special Purpose Entities

(Dollars in millions)


	September 30, 2007
	VIEs⁽¹⁾		QSPEs ⁽²⁾
	Consolidated	Unconsolidated	Unconsolidated	Total
Corporation-sponsored multi-seller conduits	$12,603	$50,024	$ —	$62,627
Collateralized debt obligations	3,240	12,281	—	15,521
Asset acquisition conduits	1,319	8,766	—	10,085
Municipal bond trusts and other SPEs	348	2,116	6,377	8,841
Customer-sponsored conduits	—	2,736	—	2,736

Total liquidity exposure	$17,510	$75,923	$6,377	$99,810


	June 30, 2007
	VIEs⁽¹⁾		QSPEs ⁽²⁾
	Consolidated	Unconsolidated	Unconsolidated	Total
Corporation-sponsored multi-seller conduits	$13,638	$44,636	$ —	$58,274
Collateralized debt obligations	3,240	12,352	—	15,592
Asset acquisition conduits	1,282	9,935	—	11,217
Municipal bond trusts and other SPEs	362	1,114	6,138	7,614
Customer-sponsored conduits	—	4,237	—	4,237

Total liquidity exposure	$18,522	$72,274	$6,138	$96,934

(1)

Variable interest entities (VIEs) are special purpose entities (SPEs) which lack sufficient equity at risk or whose equity investors do not have a controlling financial interest. In accordance with FASB Interpretation No. 46 (Revised December 2003), “Consolidation of Variable Interest Entities, an interpretation of ARB No. 51” (FIN 46R), a VIE is consolidated by the party known as the primary beneficiary that will absorb a majority of the variability created by the assets and other contractual arrangements of the VIE. For example, an entity that holds a majority of the subordinated debt or equity securities issued by a VIE, or protects other investors from loss through a guarantee or similar arrangement, may have to consolidate the VIE. The assets and liabilities of consolidated VIEs are recorded on the Corporation’s balance sheet.

(2)

Qualifying special purposes entities (QSPEs) are SPEs whose activities are strictly limited to holding and servicing financial assets and meet the requirements set forth in SFAS No. 140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities – a replacement of FASB Statement No. 125” (SFAS 140). QSPEs are generally not required to be consolidated by any party. This table includes only those QSPEs to which we have liquidity exposure.

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.		29

Bank of America Corporation

Global Wealth and Investment Management Segment Results ^{(1, 2)}

(Dollars in millions, except as noted)


	Nine Months Ended September 30				Third Quarter 2007		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
	Nine Months Ended September 30
	2007		2006
Net interest income ⁽³⁾	$ 2,893		$ 2,748		$ 1,009		$ 958		$ 926		$ 924		$ 887
Noninterest income:
Investment and brokerage services	3,029		2,494		1,147		972		910		889		828
All other income	174		216		44		78		52		86		63
Total noninterest income	3,203		2,710		1,191		1,050		962		975		891
Total revenue, net of interest expense	6,096		5,458		2,200		2,008		1,888		1,899		1,778
Provision for credit losses	(20)		(41)		(29)		(14)		23		2		—
Noninterest expense	3,317		2,881		1,274		1,033		1,010		987		965
Income before income taxes	2,799		2,618		955		989		855		910		813
Income tax expense⁽³⁾	1,038		968		356		363		319		337		300
Net income	$ 1,761		$ 1,650		$ 599		$ 626		$ 536		$ 573		$ 513
Net interest yield ⁽³⁾	3.16	%	3.55	%	3.12	%	3.17	%	3.19	%	3.34	%	3.41	%
Return on average equity	22.18		22.19		19.98		25.27		21.75		22.55		20.95
Efficiency ratio ⁽³⁾	54.42		52.79		57.91		51.40		53.54		51.94		54.31

Balance sheet
Average
Total loans and leases	$ 70,322		$ 59,890		$ 77,041		$ 67,962		$ 65,839		$ 63,936		$ 61,684
Total earning assets ⁽⁴⁾	122,414		103,444		128,345		121,122		117,657		109,730		103,285
Total assets ⁽⁴⁾	130,787		110,963		138,394		128,587		125,235		117,287		110,750
Total deposits	120,387		101,063		127,819		118,246		114,955		106,324		100,915
Allocated equity	10,613		9,940		11,887		9,944		9,987		10,090		9,710

Period end
Total loans and leases	$ 78,324		$ 62,723		$ 78,324		$ 69,217		$ 66,695		$ 65,535		$ 62,723
Total earning assets ⁽⁴⁾	130,428		104,519		130,428		121,927		120,801		117,342		104,519
Total assets ⁽⁴⁾	139,955		112,298		139,955		129,636		128,619		125,287		112,298
Total deposits	130,533		102,249		130,533		118,972		118,124		113,568		102,249

Client assets
Assets under management	$709,955		$517,055		$709,955		$566,267		$547,448		$542,977		$517,055
Client brokerage assets ⁽⁵⁾	217,916		193,699		217,916		213,711		209,106		203,799		193,699
Assets in custody	158,756		100,130		158,756		109,360		109,163		107,902		100,130
Less: Client brokerage assets and assets in custody included in assets under management	(87,386)		(64,178)		(87,386)		(80,784)		(73,793)		(67,509)		(64,178)
Total net client assets	$999,241		$746,706		$999,241		$808,554		$791,924		$787,169		$746,706

(1)

Global Wealth and Investment Management services clients through three primary businesses: U.S. Trust, Bank of America Private Wealth Management (U.S. Trust), Columbia Management, and Premier Banking and Investments. In addition, ALM/Other primarily includes the results of ALM activities.

(2)

In July 2007, the acquisition of U.S. Trust Corporation was completed combining with the former Private Bank creating U.S. Trust, Bank of America Private Wealth Management and results of the combined business were reported for periods ending after July 1, 2007.

(3)

Fully taxable-equivalent basis

(4)

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

(5)

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.		30

Bank of America Corporation

Global Wealth and Investment Management Business Results

(Dollars in millions)


	Three Months Ended September 30, 2007
	Total		U.S. Trust ⁽¹⁾		Columbia Management		Premier Banking and Investments ⁽²⁾		ALM/ Other
Net interest income ⁽³⁾	$ 1,009		$ 294		$ 5		$ 671		$39
Noninterest income:
Investment and brokerage services	1,147		365		490		243		49
All other income	44		15		(7)		34		2
Total noninterest income	1,191		380		483		277		51
Total revenue, net of interest expense	2,200		674		488		948		90
Provision for credit losses	(29)		(34)		—		5		—
Noninterest expense	1,274		481		307		428		58

Income before income taxes	955		227		181		515		32
Income tax expense⁽³⁾	356		84		67		190		15

Net income	$ 599		$ 143		$ 114		$ 325		$17

Net interest yield ⁽³⁾	3.12	%	2.80	%	n/m		2.70	%	n/m
Return on average equity	19.98		15.93		26.59	%	79.46		n/m
Efficiency ratio ⁽³⁾	57.91		71.36		62.91		45.15		n/m
Average - total loans and leases	$ 77,041		$41,522		n/m		$ 35,478		n/m
Average - total deposits	127,819		27,771		n/m		98,341		n/m
Period end - total assets ⁽⁴⁾	139,955		45,081		$2,568		102,224		n/m

	Three Months Ended September 30, 2006
	Total		U.S. Trust ⁽¹⁾		Columbia Management		Premier Banking and Investments ⁽²⁾		ALM/ Other
Net interest income ⁽³⁾	$ 887		$ 221		$ (14)		$ 634		$46
Noninterest income:
Investment and brokerage services	828		223		374		190		41
All other income	63		10		16		31		6

Total noninterest income	891		233		390		221		47

Total revenue, net of interest expense	1,778		454		376		855		93
Provision for credit losses	—		(3)		—		2		1
Noninterest expense	965		310		252		392		11

Income before income taxes	813		147		124		461		81
Income tax expense⁽³⁾	300		55		46		170		29

Net income	$ 513		$92		$ 78		$ 291		$52

Net interest yield ⁽³⁾	3.41	%	2.84	%	n/m		2.96	%	n/m
Return on average equity	20.95		23.44		18.76%		65.89		n/m
Efficiency ratio ⁽³⁾	54.31		68.39		67.06		45.74		n/m
Average - total loans and leases	$ 61,684		$30,890		n/m		$ 30,778		n/m
Average - total deposits	100,915		16,103		n/m		84,763		n/m
Period end - total assets ⁽⁴⁾	112,298		32,187		$ 2,980		88,139		n/m

(1)

(2)

For the three months ended September 30, 2007 and 2006, a total of $2.6 billion and $1.7 billion of deposits were migrated to Global Wealth and Investment Management from Global Consumer and Small Business Banking.

(3)

Fully taxable-equivalent basis

(4)

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

n/m = not meaningful

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

Bank of America Corporation

Global Wealth and Investment Management Business Results

(Dollars in millions)


	Nine Months Ended September 30, 2007
	Total				U.S. Trust ⁽¹⁾				Columbia Management			Premier Banking and Investments ⁽²⁾			ALM/ Other
Net interest income ⁽³⁾	$	2,893			$	743			$	8		$	2,009		$	133
Noninterest income:
Investment and brokerage services		3,029				839				1,358			704			128
All other income		174				39				19			105			11

Total noninterest income		3,203				878				1,377			809			139

Total revenue, net of interest expense		6,096				1,621				1,385			2,818			272
Provision for credit losses		(20	)			(25	)			—			5			—
Noninterest expense		3,317				1,099				861			1,256			101

Income before income taxes		2,799				547				524			1,557			171
Income tax expense⁽³⁾		1,038				202				194			576			66

Net income	$	1,761			$	345			$	330		$	981		$	105

Net interest yield ⁽³⁾		3.16		%		2.76		%		n/m			2.79	%		n/m
Return on average equity		22.18				21.22				26.39	%		81.23			n/m
Efficiency ratio ⁽³⁾		54.42				67.80				62.21			44.54			n/m
Average - total loans and leases	$	70,322			$	35,999				n/m		$	34,300			n/m
Average - total deposits		120,387				23,728				n/m			96,062			n/m
Period end - total assets ⁽⁴⁾		139,955				45,081			$	2,568			102,224			n/m

	Nine Months Ended September 30, 2006
	Total				U.S. Trust ⁽¹⁾				Columbia Management			Premier Banking and Investments ⁽²⁾			ALM/ Other
Net interest income ⁽³⁾	$	2,748			$	677			$	(34	)	$	1,910		$	195
Noninterest income:
Investment and brokerage services		2,494				691				1,116			569			118
All other income		216				69				37			90			20

Total noninterest income		2,710				760				1,153			659			138

Total revenue, net of interest expense		5,458				1,437				1,119			2,569			333
Provision for credit losses		(41	)			(51	)			—			10			—
Noninterest expense		2,881				923				738			1,149			71

Income before income taxes		2,618				565				381			1,410			262
Income tax expense⁽³⁾		968				209				141			522			96

Net income	$	1,650			$	356			$	240		$	888		$	166

Net interest yield ⁽³⁾		3.55		%		2.98		%		n/m			3.00	%		n/m
Return on average equity		22.19				33.02				19.83	%		71.76			n/m
Efficiency ratio ⁽³⁾		52.79				64.22				65.99			44.72			n/m
Average - total loans and leases	$	59,890			$	30,353				n/m		$	29,518			n/m
Average - total deposits		101,063				15,941				n/m			85,065			n/m
Period end - total assets ⁽⁴⁾		112,298				32,187			$	2,980			88,139			n/m

(1)

(2)

For the nine months ended September 30, 2007 and 2006, a total of $9.0 billion and $7.0 billion of deposits were migrated to Global Wealth and Investment Management from Global Consumer and Small Business Banking.

(3)

Fully taxable-equivalent basis

(4)

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

n/m

= not meaningful

Certain

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


		This information is preliminary and based on company data available at the time of the presentation.		32

Bank of America Corporation

Global Wealth and Investment Management - Key Indicators

(Dollars in millions, except as noted)


	Nine Months Ended September 30						Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
	2007			2006			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
Investment and Brokerage Services
U.S. Trust ⁽¹⁾
Asset management fees	$	817		$	672		$	357		$	242		$	218		$	217		$	217
Brokerage income		22			19			8			8			6			6			6

Total	$	839		$	691		$	365		$	250		$	224		$	223		$	223


Columbia Management
Asset management fees	$	1,355		$	1,113		$	489		$	444		$	422		$	416		$	373
Brokerage income		3			3			1			1			1			1			1

Total	$	1,358		$	1,116		$	490		$	445		$	423		$	417		$	374

Premier Banking and Investments
Asset management fees	$	221		$	156		$	81		$	73		$	67		$	60		$	57
Brokerage income		483			413			162			167			154			149			133

Total	$	704		$	569		$	243		$	240		$	221		$	209		$	190

All Other
Asset management fees	$	128		$	118		$	49		$	37		$	42		$	40		$	41
Brokerage income		-			-			-			-			-			-			-

Total	$	128		$	118		$	49		$	37		$	42		$	40		$	41

Total Global Wealth and Investment Management
Asset management fees	$	2,521		$	2,059		$	976		$	796		$	749		$	733		$	688
Brokerage income		508			435			171			176			161			156			140

Total investment and brokerage services	$	3,029		$	2,494		$	1,147		$	972		$	910		$	889		$	828

Assets Under Management ⁽²⁾

Assets under management by business:
U.S. Trust ⁽¹⁾	$	225,297		$	134,917		$	225,297		$	144,054		$	140,521		$	139,172		$	134,917
Columbia Management		511,996			410,781			511,996			453,092			438,651			433,426			410,781
Retirement and GWIM Client Solutions ⁽³⁾		44,512			31,799			44,512			27,043			25,481			31,197			31,799
Premier Banking and Investments		21,392			16,804			21,392			22,183			20,312			18,640			16,804
Eliminations ⁽⁴⁾		(94,255	)		(79,256	)		(94,255	)		(81,653	)		(79,568	)		(81,435	)		(79,256	)
International Wealth Management		1,013			2,010			1,013			1,548			2,051			1,977			2,010

Total assets under management	$	709,955		$	517,055		$	709,955		$	566,267		$	547,448		$	542,977		$	517,055

Assets under management rollforward:
Beginning balance	$	542,977		$	482,394		$	566,267		$	547,448		$	542,977		$	517,055		$	500,144
Net flows ⁽³⁾		27,497			21,268			18,066			7,763			1,668			16,604			10,901
Market valuation/other		139,481			13,393			125,622			11,056			2,803			9,318			6,010

Ending balance	$	709,955		$	517,055		$	709,955		$	566,267		$	547,448		$	542,977		$	517,055

Assets under management mix:
Money market/other	$	246,748		$	198,385		$	246,748		$	213,481		$	208,482		$	208,549		$	198,385
Fixed income		109,117			87,125			109,117			83,425			84,504			86,665			87,125
Equity		354,090			231,545			354,090			269,361			254,462			247,763			231,545

Total assets under management	$	709,955		$	517,055		$	709,955		$	566,267		$	547,448		$	542,977		$	517,055

Client Brokerage Assets	$	217,916		$	193,699		$	217,916		$	213,711		$	209,106		$	203,799		$	193,699

Premier Banking and Investments Metrics
Client facing associates
Number of client managers		2,505			2,292			2,505			2,498			2,525			2,420			2,292
Number of financial advisors		1,847			1,905			1,847			1,888			1,927			1,954			1,905
All other		1,020			1,093			1,020			1,094			1,218			1,207			1,093

Total client facing associates		5,372			5,290			5,372			5,480			5,670			5,581			5,290

Financial Advisor Productivity ⁽⁵⁾ (in thousands)	$	332		$	275		$	116		$	114		$	102		$	98		$	91
Total client balances ⁽⁶⁾	$	299,275		$	265,612		$	299,275		$	292,455		$	288,138		$	279,659		$	265,612
Number of Households with Banking and Brokerage Relationships (in thousands)		267			238			267			256			248			244			238

U.S. Trust Metrics⁽¹⁾
Client facing associates		3,911			2,045			3,911			2,105			2,144			2,121			2,045
Total client balances ⁽⁶⁾	$	403,088		$	206,777		$	403,088		$	227,086		$	222,414		$	219,911		$	206,777

Columbia Management Performance Metrics
# of 4 or 5 Star Funds by Morningstar		47			36			47			40			38			35			36
% of Assets Under Management in 4 or 5 Star Rated Funds ⁽⁷⁾		55	%		61	%		55	%		51	%		58	%		57	%		61	%

(1)

(2)

The acquisition of U.S. Trust Corporation contributed $115.6 billion to assets under management.

(3)

First quarter 2007 balances were impacted by one large $5.4 billion outflow related to one large institutional client in the Retirement and GWIM Client Solutions.

(4)

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

(5)

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

(6)

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

(7)

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.		33

Bank of America Corporation

All Other Results ⁽¹⁾

(Dollars in millions)


	Nine Months Ended September 30						Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
	2007			2006			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006			Third Quarter 2006
Net interest income ⁽²⁾	$	(5,743	)	$	(4,303	)	$	(2,031	)	$	(1,943	)	$	(1,769	)	$	(1,628	)	$	(1,418	)
Noninterest income:
Card income		2,136			2,969			739			676			721			826			841
Equity investment income		3,467			1,841			852			1,719			896			1,031			687
Gains (losses) on sales of debt securities		70			(484	)		7			2			61			9			(480	)
All other income		(646	)		218			(333	)		(255	)		(58	)		(119	)		632

Total noninterest income		5,027			4,544			1,265			2,142			1,620			1,747			1,680

Total revenue, net of interest expense		(716	)		241			(766	)		199			(149	)		119			262
Provision for credit losses ⁽³⁾		(3,915	)		(2,358	)		(1,290	)		(1,311	)		(1,314	)		(1,136	)		(920	)
Merger and restructuring charges		270			561			84			75			111			244			269
All other noninterest expense		13			899			(272	)		(89	)		374			71			149

Income before income taxes		2,916			1,139			712			1,524			680			940			764
Income tax expense ⁽²⁾		822			330			165			536			121			249			213

Net income	$	2,094		$	809		$	547		$	988		$	559		$	691		$	551

Balance sheet
Average
Total loans and leases	$	99,161		$	67,413		$	104,061		$	101,096		$	92,200		$	80,664		$	85,965
Total earning assets		218,780			216,264			238,018			213,691			204,264			195,394			239,638
Total assets		269,603			271,951			285,392			264,710			258,413			248,941			294,032
Total deposits		34,720			44,007			35,478			31,986			36,708			41,564			48,630
Period end
Total loans and leases	$	102,003		$	76,412		$	102,003		$	107,429		$	97,085		$	90,594		$	76,412
Total earning assets		248,264			186,822			248,264			219,457			199,041			197,268			186,822
Total assets		299,104			270,183			299,104			269,673			247,527			249,142			270,183
Total deposits		35,975			39,259			35,975			31,688			29,654			38,706			39,259

(1)

All Other consists of equity investment activities including Principal Investing, Corporate Investments and Strategic Investments, the residual impact of the allowance for credit losses and the cost allocation processes, merger and restructuring charges, intersegment eliminations, and the results of certain 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, foreign exchange rate fluctuations related to the SFAS No. 52, “Foreign Currency Translation” revaluation of foreign denominated debt issuances, certain gains (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 44).

(2)

Fully taxable-equivalent basis

(3)

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

Components of Equity Investment Income

(Dollars in millions)


	Nine Months Ended September 30				Third Quarter 2007		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
	2007		2006		Third Quarter 2007		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006		Third Quarter 2006
Principal Investing	$	2,100	$	1,347	$	275	$	1,250	$	575	$	547	$	604
Corporate and Strategic Investments		1,367		494		577		469		321		484		83

Total equity investment income included in All Other		3,467		1,841		852		1,719		896		1,031		687
Total equity investment income included in the business segments		280		281		52		110		118		36		18

Total consolidated equity investment income	$	3,747	$	2,122	$	904	$	1,829	$	1,014	$	1,067	$	705

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

Outstanding Loans and Leases

(Dollars in millions)


	September 30 2007	June 30 2007	Increase (Decrease)
Consumer
Residential mortgage	$271,753	$269,721	$ 2,032
Credit card - domestic	58,716	57,036	1,680
Credit card - foreign	12,986	12,205	781
Home equity	101,046	96,467	4,579
Direct/Indirect consumer	70,424	66,181	4,243
Other consumer ⁽¹⁾	7,780	8,041	(261	)

Total consumer	522,705	509,651	13,054

Commercial
Commercial - domestic ⁽²⁾	177,251	164,620	12,631
Commercial real estate ⁽³⁾	40,374	36,950	3,424
Commercial lease financing	20,357	20,053	304
Commercial - foreign	28,325	23,755	4,570

Total commercial loans measured at historical cost	266,307	245,378	20,929
Commercial loans measured at fair value ⁽⁴⁾	4,525	3,606	919

Total commercial	270,832	248,984	21,848

Total loans and leases	$793,537	$758,635	$34,902

(1)

Includes foreign consumer loans of $4.6 billion and $4.7 billion, and consumer finance loans of $3.1 billion and $3.3 billion at September 30, 2007 and June 30, 2007.

(2)

Includes small business commercial - domestic loans of $16.4 billion and $15.5 billion at September 30, 2007 and June 30, 2007.

(3)

Includes domestic commercial real estate loans of $39.1 billion and $36.2 billion, and foreign commercial real estate loans of $1.2 billion and $674 million at September 30, 2007 and June 30, 2007.

(4)

Certain commercial loans are measured at fair value in accordance with SFAS 159 and include commercial - domestic loans of $3.63 billion and $2.61 billion, commercial - foreign loans of $672 million and $795 million, and commercial real estate loans of $224 million and $198 million at September 30, 2007 and June 30, 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.		35

Bank of America Corporation

Average Loans and Leases by Business Segment

(Dollars in millions)


	Third 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	$274,385	$ 36,072	$ 1,084	$31,347	$205,882
Credit card - domestic	57,491	142,369	—	—	(84,878	)
Credit card - foreign	11,995	29,633	—	—	(17,638	)
Home equity	98,611	72,381	951	21,709	3,570
Direct/Indirect consumer	69,425	27,389	40,959	4,837	(3,760	)
Other consumer	7,875	4,654	10	—	3,211

Total consumer	519,782	312,498	43,004	57,893	106,387
Commercial
Commercial - domestic	176,554	17,696	141,717	18,008	(867	)
Commercial real estate	38,977	103	37,808	1,044	22
Commercial lease financing	20,044	—	22,169	—	(2,125	)
Commercial - foreign	25,159	1,359	23,060	96	644

Total commercial	260,734	19,158	224,754	19,148	(2,326	)

Total loans and leases	$780,516	$331,656	$267,758	$77,041	$104,061


	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	17,896	(1,065	)
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	18,988	(2,519	)

Total loans and leases	$740,199	$317,246	$253,895	$67,962	$101,096


	Third 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	$222,889	$ 28,537	$ 1,357	$ 22,632	$170,363
Credit card - domestic	62,508	138,545	—	—	(76,037	)
Credit card - foreign	9,455	25,593	—	—	(16,138	)
Home equity	79,899	58,068	1,053	18,303	2,475
Direct/Indirect consumer	51,536	20,634	35,764	3,032	(7,894	)
Other consumer	11,076	4,192	9	2	6,873

Total consumer	437,363	275,569	38,183	43,969	79,642
Commercial
Commercial - domestic	153,007	14,091	124,127	16,636	(1,847	)
Commercial real estate	37,471	102	36,147	993	229
Commercial lease financing	20,875	—	20,399	—	476
Commercial - foreign	24,761	1,266	15,944	86	7,465

Total commercial	236,114	15,459	196,617	17,715	6,323

Total loans and leases	$673,477	$291,028	$234,800	$ 61,684	$ 85,965

(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.		36

Bank of America Corporation

Commercial Credit Exposure by Industry ^{(1, 2, 3)}

(Dollars in millions)


	Commercial Utilized			Total Commercial Committed
	September 30 2007	June 30 2007	Increase (Decrease)	September 30 2007	June 30 2007	Increase (Decrease)
Diversified financials	$ 33,417	$ 35,986	$ (2,569)	$ 81,592	$ 80,491	$ 1,101
Real estate⁽⁴⁾	55,963	53,046	2,917	80,254	77,356	2,898
Government and public education	29,814	22,788	7,026	57,119	50,198	6,921
Retailing	29,946	28,102	1,844	46,870	45,094	1,776
Capital goods	18,964	18,461	503	40,821	38,872	1,949
Banks	28,673	27,984	689	37,427	37,729	(302	)
Consumer services	20,875	19,670	1,205	35,978	33,508	2,470
Healthcare equipment and services	19,177	17,388	1,789	34,277	33,989	288
Materials	18,115	16,331	1,784	31,524	29,043	2,481
Individuals and trusts	19,208	17,904	1,304	28,322	27,047	1,275
Commercial services and supplies	18,494	16,829	1,665	27,201	25,673	1,528
Food, beverage and tobacco	11,930	11,489	441	23,069	22,956	113
Energy	9,913	9,593	320	19,810	19,171	639
Media	9,488	8,779	709	18,212	18,343	(131	)
Utilities	5,777	5,182	595	17,453	17,682	(229	)
Insurance	8,042	7,491	551	16,399	15,875	524
Transportation	10,560	10,568	(8)	15,491	15,567	(76	)
Religious and social organizations	7,784	7,569	215	10,367	10,042	325
Consumer durables and apparel	5,156	4,799	357	9,522	9,211	311
Technology hardware and equipment	3,746	3,685	61	9,244	8,659	585
Telecommunication services	3,446	3,504	(58)	8,237	8,332	(95	)
Software and services	3,733	2,991	742	8,132	7,060	1,072
Pharmaceuticals and biotechnology	3,748	3,608	140	7,268	7,217	51
Automobiles and components	1,795	2,047	(252)	5,144	6,053	(909	)
Food and staples retailing	2,220	2,206	14	4,316	4,493	(177	)
Household and personal products	856	653	203	2,540	2,187	353
Semiconductors and semiconductor equipment	810	612	198	1,551	1,370	181
Other	7,465	9,195	(1,730)	7,984	9,601	(1,617	)

Total commercial credit exposure by industry	$389,115	$368,460	$20,655	$686,124	$662,819	$23,305
Net credit default protection purchased on total commitments ⁽⁵⁾				$ (5,037)	$ (2,041)

(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 $9.6 billion and $7.3 billion at September 30, 2007 and June 30, 2007. In addition to cash collateral, derivative assets are also collateralized by $8.4 billion and $7.9 billion of primarily other marketable securities at September 30, 2007 and June 30, 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 $4.53 billion and $3.61 billion, issued letters of credit at notional value of $1.1 billion and $1.1 billion, and unfunded loan commitments at notional value of $19.1 billion and $20.6 billion at September 30, 2007 and June 30, 2007.

(3)

Includes small business commercial - domestic exposure.

(4)

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.

(5)

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.		37

Bank of America Corporation

Net Credit Default Protection by Maturity Profile

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

(Dollars in millions)


	September 30, 2007				June 30, 2007
Ratings	Net Notional		Percent		Net Notional		Percent
AAA	$ (11	)	0.2	%	$ 6		(0.3	) %
AA	(96	)	1.9		36		(1.8	)
A	(1,755	)	34.8		(598	)	29.3
BBB	(2,296	)	45.6		(459	)	22.5
BB	(1,215	)	24.1		(538	)	26.4
B	(155	)	3.1		(127	)	6.2
CCC and below	(75	)	1.5		(55	)	2.7
NR⁽²⁾	566		(11.2	)	(306	)	15.0
Total net credit default protection	$(5,037	)	100.0	%	$(2,041	)	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 $607 million and $(286) million in net credit default swaps index positions at September 30, 2007 and June 30, 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.		38

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 September 30, 2007	Increase (Decrease) from June 30, 2007
By Region/Country
Asia Pacific
China ⁽⁷⁾	$ 277	$ 128	$ 247	$ 3,369	$ 4,021	$143	$ 4,164	$ 231
South Korea	250	786	122	2,940	4,098	-	4,098	154
India	1,232	869	362	1,220	3,683	-	3,683	415
Singapore	435	66	179	915	1,595	-	1,595	467
Taiwan	326	62	74	168	630	311	941	(91	)
Hong Kong	363	59	167	287	876	-	876	295
Other Asia Pacific ⁽⁸⁾	126	112	11	538	787	27	814	158
Total Asia Pacific	3,009	2,082	1,162	9,437	15,690	481	16,171	1,629
Latin America
Mexico ⁽⁹⁾	1,045	215	33	3,045	4,338	-	4,338	(27	)
Brazil ⁽¹⁰⁾	311	112	62	2,665	3,150	218	3,368	73
Chile	429	58	-	19	506	6	512	214
Other Latin America ⁽⁸⁾	111	190	48	90	439	176	615	52
Total Latin America	1,896	575	143	5,819	8,433	400	8,833	312
Middle East and Africa
South Africa	456	4	22	136	618	-	618	(608	)
Other Middle East and Africa ⁽⁸⁾	585	71	138	172	966	-	966	17
Total Middle East and Africa	1,041	75	160	308	1,584	-	1,584	(591	)
Central and Eastern Europe ⁽⁸⁾	39	66	74	258	437	-	437	109
Total emerging markets exposure	$5,985	$2,798	$1,539	$15,822	$26,144	$881	$27,025	$1,459

(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 September 30, 2007 and June 30, 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 $84 million and $98 million at September 30, 2007 and June 30, 2007. At September 30, 2007 and June 30, 2007 there were $2 million and less than $1 million of other marketable securities collateralizing derivative assets.

(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 September 30, 2007 was $18.6 billion compared to $20.2 billion at June 30, 2007. Local liabilities at September 30, 2007 in Asia Pacific and Latin America were $16.7 billion and $1.9 billion, of which $5.9 billion were in Hong Kong, $4.6 billion in Singapore, $2.7 billion in South Korea, $1.8 billion in Mexico, $1.1 billion in India, $899 million in China, $581 million in Taiwan and $542 million in Thailand. 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 Itau 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.		39

Bank of America Corporation

Nonperforming Assets

(Dollars in millions)


	September 30 2007		June 30 2007		March 31 2007		December 31 2006		September 30 2006
Residential mortgage	$ 1,176		$ 867		$ 732		$ 660		$ 599
Home equity ⁽¹⁾	764		496		363		291		211
Direct/Indirect consumer ⁽¹⁾	6		3		2		2		1
Other consumer	94		94		133		77		86

Total consumer	2,040		1,460		1,230		1,030		897

Commercial - domestic ⁽²⁾	646		399		404		505		491
Commercial real estate	352		280		189		118		68
Commercial lease financing	29		27		21		42		35
Commercial - foreign	16		17		29		13		36

	1,043		723		643		678		630
Small business commercial - domestic	97		101		97		79		53

Total commercial	1,140		824		740		757		683

Total nonperforming loans and leases	3,180		2,284		1,970		1,787		1,580
Foreclosed properties	192		108		89		69		76

Total nonperforming assets ^{(3, 4)}	$3,372		$2,392		$2,059		$1,856		$1,656

Loans past due 90 days or more and still accruing ^{(4, 5)}	$ 2,955		$2,798		$2,870		$3,056		$2,719
Nonperforming assets/Total assets ⁽⁶⁾	0.21	%	0.16	%	0.14	%	0.13	%	0.11	%
Nonperforming assets/Total loans, leases and foreclosed properties ⁽⁶⁾	0.43		0.32		0.29		0.26		0.25
Nonperforming loans and leases/Total loans and leases ⁽⁶⁾	0.40		0.30		0.27		0.25		0.24

Allowance for credit losses:
Allowance for loan and lease losses	$9,535		$9,060		$8,732		$9,016		$8,872
Reserve for unfunded lending commitments	392		376		374		397		388

Total allowance for credit losses	$9,927		$9,436		$9,106		$9,413		$9,260

Allowance for loan and lease losses/Total loans and leases measured at historical cost ⁽⁶⁾	1.21	%	1.20	%	1.21	%	1.28	%	1.33	%
Allowance for loan and lease losses/Total nonperforming loans and leases measured at historical cost	300		397		443		505		562
Commercial criticized exposure ⁽⁷⁾	$10,820		$7,187		$7,119		$7,061		$7,257
Commercial criticized exposure/Commercial utilized exposure ⁽⁷⁾	3.05	%	2.17	%	2.24	%	2.20	%	2.29	%

(1)

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

(2)

Excludes small business commercial - domestic loans.

(3)

Balances do not include nonperforming loans held-for-sale included in other assets of $93 million, $73 million, $94 million, $80 million and $99 million at September 30, 2007, June 30, 2007, March 31, 2007, December 31, 2006, and September 30, 2006, respectively.

(4)

Balances do not include loans measured at fair value in accordance with SFAS 159. At September 30, 2007, 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 $8 million and $23 million at September 30, 2007 and 2006.

(6)

Ratios do not include loans measured at fair value in accordance with SFAS 159 of $4.53 billion, $3.61 billion and $3.86 billion at September 30, 2007, June 30, 2007 and March 31, 2007, respectively.

(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 3.65 percent, 2.25 percent and 2.41 percent at September 30, 2007, June 30, 2007 and March 31, 2007, respectively. Including assets held-for-sale, the ratios would have been 2.23 percent and 2.22 percent at December 31, 2006 and September 30, 2006.

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

Bank of America Corporation

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

(Dollars in millions)


	Third Quarter 2007						Second Quarter 2007						First Quarter 2007						Fourth Quarter 2006 ^{(2, 3)}						Third Quarter 2006 ^{(2, 3)}
Held Basis	Amount			Percent			Amount			Percent			Amount			Percent			Amount			Percent			Amount			Percent
Residential mortgage	$	13		0.02		%	$	11		0.02		%	$	6		0.01		%	$	9		0.02		%	$	6		0.01		%
Credit card - domestic		712		4.91				807		5.76				806		5.66				884		5.86				853		5.42
Credit card - foreign		96		3.19				86		2.88				88		3.22				79		3.03				70		2.94
Home equity		50		0.20				28		0.12				17		0.08				19		0.09				11		0.06
Direct/Indirect consumer		312		1.78				241		1.50				235		1.59				190		1.41				152		1.17
Other consumer		119		5.99				100		4.96				92		4.22				101		3.78				85		3.03

Total consumer		1,302		0.99				1,273		1.03				1,244		1.06				1,282		1.14				1,177		1.07

Commercial - domestic ⁽⁴⁾		13		0.03				32		0.09				25		0.07				8		0.02				12		0.03
Commercial real estate		28		0.28				(1	)	(0.01	)			3		0.03				1		0.01				2		0.02
Commercial lease financing		(3	)	(0.07	)			(11	)	(0.21	)			(1	)	(0.03	)			12		0.22				-		-
Commercial - foreign		(4	)	(0.06	)			6		0.10				(3	)	(0.05	)			(1	)	(0.02	)			(13	)	(0.21	)

		34		0.05				26		0.05				24		0.04				20		0.03				1		-
Small business commercial - domestic		237		5.89				196		5.23				159		4.59				115		3.44				99		3.16

Total commercial		271		0.42				222		0.37				183		0.31				135		0.22				100		0.17

Total net charge-offs	$	1,573		0.80			$	1,495		0.81			$	1,427		0.81			$	1,417		0.82			$	1,277		0.75

By Business Segment
Global Consumer and Small Business Banking ⁽⁵⁾	$	2,687		3.21		%	$	2,662		3.37		%	$	2,433		3.20		%	$	2,336		3.09		%	$	2,109		2.87		%
Global Corporate and Investment Banking		114		0.17				74		0.12				102		0.17				85		0.14				82		0.14
Global Wealth and Investment Management		16		0.08				4		0.03				18		0.11				2		0.01				-		-
All Other ⁽⁵⁾		(1,244	)	(4.74	)			(1,245	)	(4.94	)			(1,126	)	(4.95	)			(1,006	)	(4.95	)			(914	)	(4.22	)

Total net charge-offs	$	1,573		0.80			$	1,495		0.81			$	1,427		0.81			$	1,417		0.82			$	1,277		0.75

Supplemental managed basis data
Credit card - domestic	$	1,707		4.76		%	$	1,786		5.17		%	$	1,651		4.80		%	$	1,615		4.61		%	$	1,479		4.23		%
Credit card - foreign		317		4.24				313		4.31				302		4.37				291		4.30				269		4.17

Total credit card managed net losses	$	2,024		4.67			$	2,099		5.02			$	1,953		4.73			$	1,906		4.56			$	1,748		4.23

Total commercial		271		0.42				222		0.37				183		0.31				135		0.22				107		0.18
Total managed losses		2,839		1.27				2,766		1.31				2,572		1.26				2,453		1.23				2,195		1.11

(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 and $10 million, credit card - foreign $4 million and $5 million, direct/indirect consumer $6 million and $5 million, and other consumer $4 million and $6 million for the three months ended December 31, 2006 and September 30, 2006. The impact of SOP 03-3 was not material for the quarters ended September 30, 2007, June 30, 2007 and March 31, 2007. Refer to Exhibit A on page 45 for a reconciliation of net charge-offs and net charge-off ratios to the 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)

Excludes small business commercial - domestic loans.

(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.		41

Bank of America Corporation

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

(Dollars in millions)


	Nine Months Ended September 30
	2007					2006^{(2, 3)}
Held Basis	Amount		Percent			Amount		Percent
Residential mortgage	$ 30		0.02		%	$ 30		0.02		%
Credit card - domestic	2,325		5.44			2,210		4.53
Credit card - foreign	270		3.09			146		2.24
Home equity	95		0.13			32		0.06
Direct/Indirect consumer	788		1.60			334		0.92
Other consumer	311		5.03			202		2.52

Total consumer	3,819		1.02			2,954		0.96

Commercial - domestic ⁽⁴⁾	70		0.06			(33	)	(0.03	)
Commercial real estate	30		0.11			2		0.01
Commercial lease financing	(15	)	(0.10	)		(40	)	(0.26	)
Commercial - foreign	(1	)	(0.01	)		(7	)	(0.04	)

	84		0.05			(78	)	(0.05	)
Small business commercial - domestic	592		5.27			246		2.84

Total commercial	676		0.37			168		0.10

Total net charge-offs	$4,495		0.80			$3,122		0.65

By Business Segment:
Global Consumer and Small Business Banking⁽⁵⁾	$7,782		3.26		%	$5,287		2.49		%
Global Corporate and Investment Banking	290		0.15			161		0.09
Global Wealth and Investment Management	38		0.07			(44	)	(0.09	)
All Other ⁽⁵⁾	(3,615	)	(4.87	)		(2,282	)	(4.52	)

Total net charge-offs	$4,495		0.80			$3,122		0.65

Supplemental managed basis data
Credit card - domestic	$5,144		4.91		%	$3,779		3.65		%
Credit card - foreign	932		4.31			689		3.82

Total credit card managed net losses	$6,076		4.81			$4,468		3.68

Total commercial	676		0.37			199		0.11
Total managed losses	8,177		1.27			5,488		0.98

(1)

(2)

Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on credit card - domestic $88 million, credit card - foreign $49 million, direct/indirect consumer $72 million, other consumer $37 million and commercial - domestic $17 million for the nine months ended September 30, 2006.

The impact of SOP 03-3 was not material for the nine months ended September 30, 2007. Refer to Exhibit A on page 45 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)

Excludes small business commercial - domestic loans.

(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.		42

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation

Global Consumer and Small Business Banking - Reconciliation

(Dollars in millions)


	Nine Months Ended September 30, 2007						Nine Months Ended September 30, 2006				Third 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⁾	$ 21,409		$ (5,956)		$15,453		$21,059		$ (5,664)	$15,395	$ 7,265	$ (2,085)	$5,180
Noninterest income:
Card income	7,564		2,528		10,092		6,739		3,569	10,308	2,587	896	3,483
Service charges	4,384		—		4,384		3,949		—	3,949	1,519	—	1,519
Mortgage banking income	843		—		843		630		—	630	244	—	244
Gains (losses) on sales of debt securities	(1	)	—		(1	)	(1	)	—	(1)	—	—	—
All other income	969		(221	)	748		879		(245)	634	370	(70)	300

Total noninterest income	13,759		2,307		16,066		12,196		3,324	15,520	4,720	826	5,546

Total revenue, net of interest expense	35,168		(3,649	)	31,519		33,255		(2,340)	30,915	11,985	(1,259)	10,726
Provision for credit losses	8,626		(3,649	)	4,977		5,757		(2,340)	3,417	3,121	(1,259)	1,862
Noninterest expense	14,567		—		14,567		13,591		—	13,591	4,971	—	4,971

Income before income taxes	11,975		—		11,975		13,907		—	13,907	3,893	—	3,893
Income tax expense⁽³⁾	4,416		—		4,416		5,123		—	5,123	1,441	—	1,441

Net income	$ 7,559		$ —		$ 7,559		$ 8,784		$ —	$ 8,784	$ 2,452	$ —	$2,452

Balance sheet
Average - total loans and leases	$319,089		$(102,675)		$216,414		$284,261		$ (95,050)	$189,211	$331,656	$ (104,317)	$227,339
Period end - total loans and leases	337,783		(103,542)		234,241		294,207		(98,683)	195,524	337,783	(103,542)	234,241

	Second Quarter 2007						First Quarter 2007				Fourth 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⁾	$ 7,132		$ (1,981)		$ 5,151		$ 7,012		$ (1,890)	$ 5,122	$ 7,138	$ (1,929)	$ 5,209
Noninterest income:
Card income	2,596		793		3,389		2,381		839	3,220	2,635	996	3,631
Service charges	1,488		—		1,488		1,377		—	1,377	1,394	—	1,394
Mortgage banking income	297		—		297		302		—	302	247	—	247
Gains (losses) on sales of debt securities	—		—		—		(1)		—	(1)	(1)	—	(1)
All other income	331		(74)		257		268		(77)	191	258	(90)	168

Total noninterest income	4,712		719		5,431		4,327		762	5,089	4,533	906	5,439

Total revenue, net of interest expense	11,844		(1,262)		10,582		11,339		(1,128)	10,211	11,671	(1,023)	10,648
Provision for credit losses	3,094		(1,262)		1,832		2,411		(1,128)	1,283	2,777	(1,023)	1,754
Noninterest expense	4,911		—		4,911		4,685		—	4,685	4,784	—	4,784

Income before income taxes	3,839		—		3,839		4,243		—	4,243	4,110	—	4,110
Income tax expense⁽³⁾	1,403		—		1,403		1,572		—	1,572	1,516	—	1,516

Net income	$ 2,436		$ —		$ 2,436		$ 2,671		$ —	$ 2,671	$ 2,594	$ —	$ 2,594

Balance sheet
Average - total loans and leases	$317,246		$(101,905)		$215,341		$308,105		$(101,776)	$206,329	$299,614	$ (99,765)	$199,849
Period end - total loans and leases	324,452		(102,752)		221,700		309,992		(102,363)	207,629	307,661	(101,865)	205,796


	Third Quarter 2006
	Managed Basis⁽¹⁾	Securitization Impact⁽²⁾	Held Basis
Net interest income ⁽³⁾	$ 7,016	$ (1,872)	$ 5,144
Noninterest income:
Card income	2,333	1,032	3,365
Service charges	1,410	—	1,410
Mortgage banking income	215	—	215
Gains (losses) on sales of debt securities	—	—	—
All other income	310	(68)	242

Total noninterest income	4,268	964	5,232

Total revenue, net of interest expense	11,284	(908)	10,376
Provision for credit losses	2,049	(908)	1,141

Noninterest expense	4,619	—	4,619
Income before income taxes	4,616	—	4,616
Income tax expense⁽³⁾	1,697	—	1,697

Net income	$ 2,919	$ —	$ 2,919

Balance sheet
Average - total loans and leases	$291,028	$(97,371)	$193,657
Period end - total loans and leases	294,207	(98,683)	195,524

(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.		43

Exhibit A: Non-GAAP Reconciliations - continued

Bank of America Corporation

All Other - Reconciliation

(Dollars in millions)


	Nine Months Ended September 30, 2007						Nine Months Ended September 30, 2006						Third 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⁾	$ (5,743	)	$ 5,956		$ 213		$ (4,303	)	$ 5,664		$ 1,361		$ (2,031	)	$ 2,085		$ 54
Noninterest income:
Card income	2,136		(2,528	)	(392	)	2,969		(3,569	)	(600	)	739		(896	)	(157	)
Equity investment income	3,467		—		3,467		1,841		—		1,841		852		—		852
Gains (losses) on sales of debt securities	70		—		70		(484	)	—		(484	)	7		—		7
All other income	(646	)	221		(425	)	218		245		463		(333	)	70		(263	)

Total noninterest income	5,027		(2,307	)	2,720		4,544		(3,324	)	1,220		1,265		(826	)	439

Total revenue, net of interest expense	(716	)	3,649		2,933		241		2,340		2,581		(766	)	1,259		493
Provision for credit losses	(3,915	)	3,649		(266	)	(2,358	)	2,340		(18	)	(1,290	)	1,259		(31	)
Merger and restructuring charges	270		—		270		561		—		561		84		—		84
All other noninterest expense	13		—		13		899		—		899		(272	)	—		(272	)

Income before income taxes	2,916		—		2,916		1,139		—		1,139		712		—		712
Income tax expense⁽³⁾	822		—		822		330		—		330		165		—		165

Net income	$ 2,094		$ —		$ 2,094		$ 809		$ —		$ 809		$ 547		$ —		$ 547

Balance sheet
Average - total loans and leases	$ 99,161		$102,675		$201,836		$67,413		$95,050		$162,463		$104,061		$104,317		$208,378
Period end - total loans and leases	102,003		103,542		205,545		76,412		98,683		175,095		102,003		103,542		205,545

	Second Quarter 2007						First Quarter 2007						Fourth 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⁾	$ (1,943	)	$ 1,981		$ 38		$(1,769	)	$ 1,890		$ 121		$(1,628	)	$ 1,929		$ 301
Noninterest income:
Card income	676		(793	)	(117	)	721		(839	)	(118	)	826		(996	)	(170	)
Equity investment income	1,719		—		1,719		896		—		896		1,031		—		1,031
Gains on sales of debt securities	2		—		2		61		—		61		9		—		9
All other income	(255	)	74		(181	)	(58	)	77		19		(119	)	90		(29	)

Total noninterest income	2,142		(719	)	1,423		1,620		(762	)	858		1,747		(906	)	841

Total revenue, net of interest expense	199		1,262		1,461		(149	)	1,128		979		119		1,023		1,142
Provision for credit losses	(1,311	)	1,262		(49	)	(1,314	)	1,128		(186	)	(1,136	)	1,023		(113	)
Merger and restructuring charges	75		—		75		111		—		111		244		—		244
All other noninterest expense	(89	)	—		(89	)	374		—		374		71		—		71

Income before income taxes	1,524		—		1,524		680		—		680		940		—		940
Income tax expense⁽³⁾	536		—		536		121		—		121		249		—		249

Net income	$ 988		$ —		$ 988		$ 559		$ —		$ 559		$ 691		$ —		$ 691

Balance sheet
Average - total loans and leases	$101,096		$101,905		$203,001		$92,200		$101,776		$193,976		$80,664		$99,765		$180,429
Period end - total loans and leases	107,429		102,752		210,181		97,085		102,363		199,448		90,594		101,865		192,459


	Third Quarter 2006
	Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted
Net interest income ⁽³⁾	$ (1,418	)	$ 1,872		$ 454
Noninterest income:
Card income	841		(1,032	)	(191	)
Equity investment income	687		—		687
Gains (losses) on sales of debt securities	(480	)	—		(480	)
All other income	632		68		700

Total noninterest income	1,680		(964	)	716

Total revenue, net of interest expense	262		908		1,170
Provision for credit losses	(920	)	908		(12	)
Merger and restructuring charges	269		—		269
All other noninterest expense	149		—		149

Income before income taxes	764		—		764
Income tax expense⁽³⁾	213		—		213

Net income	$ 551		$ —		$ 551

Balance sheet
Average - total loans and leases	$85,965		$97,371		$183,336
Period end - total loans and leases	76,412		98,683		175,095

(1)

Provision for credit losses represents 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.		44

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


	Nine Months Ended September 30, 2006							Fourth Quarter 2006							Third Quarter 2006
	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⁾
Residential mortgage		$ 30			$201,777	0.02	%		$ 9			$225,985	0.02	%		$ 6			$222,889	0.01	%
Credit card - domestic		2,210			65,198	4.53			884			59,802	5.86			853			62,508	5.42
Credit card - foreign		146			8,725	2.24			79			10,375	3.03			70			9,455	2.94
Home equity		32			76,098	0.06			19			84,905	0.09			11			79,899	0.06
Direct/Indirect consumer		334			48,799	0.92			190			53,480	1.41			152			51,536	1.17
Other consumer		202			10,748	2.52			101			10,597	3.78			85			11,076	3.03
Total consumer		2,954			411,345	0.96			1,282			445,144	1.14			1,177			437,363	1.07
Commercial - domestic		213			148,746	0.19			123			158,604	0.31			111			153,007	0.29
Commercial real estate		2			36,968	0.01			1			36,851	0.01			2			37,471	0.02
Commercial lease financing		(40	)		20,762	(0.26	)		12			21,159	0.22			—			20,875	—
Commercial - foreign		(7	)		24,088	(0.04	)		(1	)		21,840	(0.02	)		(13	)		24,761	(0.21	)
Total commercial		168			230,564	0.10			135			238,454	0.22			100			236,114	0.17
Total net charge-offs		$3,122			$641,909	0.65			$1,417			$683,598	0.82			$1,277			$673,477	0.75
Impact of SOP 03-3⁽⁴⁾
Residential mortgage		$—							$—							$—
Credit card - domestic		88							11							10
Credit card - foreign		49							4							5
Home equity		—							—							—
Direct/Indirect consumer		72							6							5
Other consumer		37							4							6

Total consumer		246							25							26

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

Total commercial		17							—							—

Total net charge-offs		$263							25							26


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

Residential mortgage	$	30		$	201,777	0.02	%	$	9		$	225,985	0.02	%	$	6		$	222,889	0.01	%
Credit card - domestic		2,298			65,198	4.71			895			59,802	5.93			863			62,508	5.48
Credit card - foreign		195			8,725	2.98			83			10,375	3.22			75			9,455	3.13
Home equity		32			76,098	0.06			19			84,905	0.09			11			79,899	0.06
Direct/Indirect consumer		406			48,799	1.11			196			53,480	1.45			157			51,536	1.22
Other consumer		239			10,748	2.98			105			10,597	3.93			91			11,076	3.22

Total consumer		3,200			411,345	1.04			1,307			445,144	1.17			1,203			437,363	1.09

Commercial - domestic		230			148,746	0.21			123			158,604	0.31			111			153,007	0.29
Commercial real estate		2			36,968	0.01			1			36,851	0.01			2			37,471	0.02
Commercial lease financing		(40	)		20,762	(0.26	)		12			21,159	0.22			—			20,875	—
Commercial - foreign		(7	)		24,088	(0.04	)		(1	)		21,840	(0.02	)		(13	)		24,761	(0.21	)

Total commercial		185			230,564	0.11			135			238,454	0.22			100			236,114	0.17

Total net charge-offs	$	3,385		$	641,909	0.70		$	1,442		$	683,598	0.84		$	1,303		$	673,477	0.77

(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, June 30, 2007, and September 30, 2007 and for the nine months ended September 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 September 30, 2006 and December 31, 2006, and for the nine months ended September 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.		45