Supplemental Information

December 31
2007

September 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

LOGO

Supplemental Information

Fourth 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 and Subsidiaries


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
Key Indicators		16
E-commerce & BankofAmerica.com		17
Credit Card Data		18
Quarter-to-Date Mass Market Small Business Banking: Relationship View		19
Year-to-Date Mass Market Small Business Banking: Relationship View		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
Special Purpose Entities Liquidity Exposure		29
Collateralized Debt Obligation Exposure and Subprime Collateralized Debt Obligation Exposure		30
Global Wealth and Investment Management
Total Segment Results		31
Quarter-to-Date Business Results		32
Year-to-Date Business Results		33
Key Indicators		34
All Other
Total Segment Results		35
Outstanding Loans and Leases		36
Quarterly Average Loans and Leases by Business Segment		37
Commercial Credit Exposure by Industry		38
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating		39
Selected Emerging Markets		40
Nonperforming Assets		41
Quarterly Net Charge-offs/Losses and Net Charge-off/Loss Ratios		42
Year-to-Date Net Charge-offs/Losses and Net Charge-off/Loss Ratios		43
Allocation of the Allowance for Credit Losses by Product Type		44

Exhibit A: Non - GAAP Reconciliations
Global Consumer and Small Business Banking - Reconciliation		45
All Other - Reconciliation		46
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		47

Bank of America Corporation and Subsidiaries

Consolidated Financial Highlights

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


	Year Ended December 31						Fourth Quarter 2007				Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007				Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Income statement
Net interest income	$	34,433		$	34,591		$	9,164			$	8,615		$	8,386		$	8,268		$	8,599
Noninterest income ⁽¹⁾		31,886			37,989			3,508				7,314			11,177			9,887			9,887
Total revenue, net of interest expense		66,319			72,580			12,672				15,929			19,563			18,155			18,486
Provision for credit losses		8,385			5,010			3,310				2,030			1,810			1,235			1,570
Noninterest expense, before merger and restructuring charges		36,600			34,792			10,137				8,459			9,018			8,986			8,849
Merger and restructuring charges		410			805			140				84			75			111			244
Income tax expense (benefit)		5,942			10,840			(1,183	)			1,658			2,899			2,568			2,567
Net income		14,982			21,133			268				3,698			5,761			5,255			5,256
Diluted earnings per common share		3.30			4.59			0.05				0.82			1.28			1.16			1.16
Average diluted common shares issued and outstanding		4,480,254			4,595,896			4,470,108				4,475,917			4,476,799			4,497,028			4,536,696
Dividends paid per common share	$	2.40		$	2.12		$	0.64			$	0.64		$	0.56		$	0.56		$	0.56

Performance ratios
Return on average assets		0.94	%		1.44	%		0.06		%		0.93	%		1.48	%		1.40	%		1.39	%
Return on average common shareholders’ equity		11.08			16.27			0.60				11.02			17.55			16.16			15.76

At period end
Book value per share of common stock	$	32.09		$	29.70		$	32.09			$	30.45		$	29.95		$	29.74		$	29.70
Tangible book value per share of common stock ⁽²⁾		14.62			14.97			14.62				15.25			15.11			14.94			14.97
Market price per share of common stock:
Closing price	$	41.26		$	53.39		$	41.26			$	50.27		$	48.89		$	51.02		$	53.39
High closing price for the period		54.05			54.90			52.71				51.87			51.82			54.05			54.90
Low closing price for the period		41.10			43.09			41.10				47.00			48.80			49.46			51.66
Market capitalization		183,107			238,021			183,107				223,041			216,922			226,481			238,021

Number of banking centers - domestic		6,149			5,747			6,149				5,748			5,749			5,737			5,747
Number of branded ATMs - domestic		18,753			17,079			18,753				17,231			17,183			17,117			17,079
Full-time equivalent employees		209,718			203,425			209,718				198,000			195,675			199,429			203,425

(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 and Subsidiaries

Supplemental Financial Data

(Dollars in millions)

Fully taxable-equivalent basis data


	Year Ended December 31						Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Net interest income	$	36,182		$	35,815		$	9,814		$	8,990		$	8,781		$	8,597		$	8,955
Total revenue, net of interest expense ⁽¹⁾		68,068			73,804			13,322			16,304			19,958			18,484			18,842
Net interest yield		2.60	%		2.82	%		2.61	%		2.61	%		2.59	%		2.61	%		2.75	%
Efficiency ratio		54.37			48.23			77.14			52.40			45.56			49.22			48.26

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

Reconciliation of net income to operating earnings


	Year Ended December 31								Fourth Quarter 2007				Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006
	2007				2006				Fourth Quarter 2007				Third Quarter 2007				Second Quarter 2007				First Quarter 2007				Fourth Quarter 2006
Net income	$	14,982			$	21,133			$	268			$	3,698			$	5,761			$	5,255			$	5,256
Merger and restructuring charges		410				805				140				84				75				111				244
Related income tax benefit		(152	)			(298	)			(52	)			(31	)			(28	)			(41	)			(90	)

Operating earnings	$	15,240			$	21,640			$	356			$	3,751			$	5,808			$	5,325			$	5,410


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

Ending common shareholders’ equity	$	142,394			$	132,421			$	142,394			$	135,109			$	132,900			$	132,005			$	132,421
Ending goodwill		(77,530	)			(65,662	)			(77,530	)			(67,433	)			(65,845	)			(65,696	)			(65,662	)

Ending common tangible shareholders’ equity	$	64,864			$	66,759			$	64,864			$	67,676			$	67,055			$	66,309			$	66,759


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

Average shareholders’ equity	$	136,662			$	130,463			$	144,924			$	134,487			$	133,551			$	133,588			$	134,047
Average goodwill		(69,333	)			(66,040	)			(78,308	)			(67,499	)			(65,704	)			(65,703	)			(65,766	)

Average tangible shareholders’ equity	$	67,329			$	64,423			$	66,616			$	66,988			$	67,847			$	67,885			$	68,281


Operating basis

Return on average assets		0.95		%		1.48		%		0.08		%		0.94		%		1.49		%		1.42		%		1.44		%
Return on average common shareholders’ equity		11.27				16.66				0.85				11.18				17.70				16.38				16.22
Return on average tangible shareholders’ equity		22.64				33.59				2.12				22.21				34.34				31.81				31.44
Efficiency ratio ⁽²⁾		53.77				47.14				76.09				51.89				45.18				48.62				46.96

(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)



	Year Ended December 31						Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006
Interest income
Interest and fees on loans and leases	$	55,681		$	48,274		$	15,363		$	14,111		$	13,323	$	12,884	$	12,705
Interest on debt securities		9,784			11,655			2,738			2,334			2,332		2,380		2,440
Federal funds sold and securities purchased under agreements to resell		7,722			7,823			1,748			1,839			2,156		1,979		2,068
Trading account assets		9,417			7,232			2,358			2,519			2,267		2,273		2,201
Other interest income		4,700			3,601			1,272			1,230			1,154		1,044		1,077

Total interest income		87,304			78,585			23,479			22,033			21,232		20,560		20,491

Interest expense
Deposits		18,093			14,480			5,253			4,545			4,261		4,034		3,989
Short-term borrowings		21,975			19,840			5,599			5,521			5,537		5,318		5,222
Trading account liabilities		3,444			2,640			825			906			821		892		800
Long-term debt		9,359			7,034			2,638			2,446			2,227		2,048		1,881

Total interest expense		52,871			43,994			14,315			13,418			12,846		12,292		11,892

Net interest income		34,433			34,591			9,164			8,615			8,386		8,268		8,599

Noninterest income
Card income		14,077			14,290			3,591			3,595			3,558		3,333		3,719
Service charges		8,908			8,224			2,415			2,221			2,200		2,072		2,099
Investment and brokerage services		5,147			4,456			1,427			1,378			1,193		1,149		1,122
Investment banking income		2,345			2,317			544			389			774		638		694
Equity investment income		4,064			3,189			317			904			1,829		1,014		1,067
Trading account profits (losses)		(5,131	)		3,166			(5,436	)		(1,457	)		890		872		460
Mortgage banking income		902			541			386			155			148		213		126
Gains (losses) on sales of debt securities ⁽¹⁾		180			(443	)		109			7			2		62		21
Other income		1,394			2,249			155			122			583		534		579

Total noninterest income		31,886			37,989			3,508			7,314			11,177		9,887		9,887

Total revenue, net of interest expense		66,319			72,580			12,672			15,929			19,563		18,155		18,486

Provision for credit losses		8,385			5,010			3,310			2,030			1,810		1,235		1,570

Noninterest expense
Personnel		18,753			18,211			4,822			4,169			4,737		5,025		4,444
Occupancy		3,038			2,826			827			754			744		713		726
Equipment		1,391			1,329			373			336			332		350		351
Marketing		2,356			2,336			712			552			537		555		623
Professional fees		1,174			1,078			404			258			283		229		368
Amortization of intangibles		1,676			1,755			467			429			391		389		433
Data processing		1,962			1,732			590			463			472		437		487
Telecommunications		1,013			945			263			255			244		251		260
Other general operating		5,237			4,580			1,679			1,243			1,278		1,037		1,157
Merger and restructuring charges		410			805			140			84			75		111		244

Total noninterest expense		37,010			35,597			10,277			8,543			9,093		9,097		9,093

Income (loss) before income taxes		20,924			31,973			(915	)		5,356			8,660		7,823		7,823
Income tax expense (benefit)		5,942			10,840			(1,183	)		1,658			2,899		2,568		2,567

Net income	$	14,982		$	21,133		$	268		$	3,698		$	5,761	$	5,255	$	5,256

Preferred stock dividends		182			22			53			43			40		46		13

Net income available to common shareholders	$	14,800		$	21,111		$	215		$	3,655		$	5,721	$	5,209	$	5,243


Per common share information
Earnings	$	3.35		$	4.66		$	0.05		$	0.83		$	1.29	$	1.18	$	1.17
Diluted earnings		3.30			4.59			0.05			0.82			1.28		1.16		1.16
Dividends paid		2.40			2.12			0.64			0.64			0.56		0.56		0.56

Average common shares issued and outstanding		4,423,579			4,526,637			4,421,554			4,420,616			4,419,246		4,432,664		4,464,110

Average diluted common shares issued and outstanding		4,480,254			4,595,896			4,470,108			4,475,917			4,476,799		4,497,028		4,536,696

(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)


	December 31 2007		September 30 2007		December 31 2006
Assets
Cash and cash equivalents	$ 42,531		$ 34,956		$ 36,429
Time deposits placed and other short-term investments	11,773		8,829		13,952
Federal funds sold and securities purchased under agreements to resell	129,552		135,150		135,478
Trading account assets	162,064		179,365		153,052
Derivative assets	34,662		30,843		23,439
Debt securities:
Available-for-sale	213,330		176,778		192,806
Held-to-maturity, at cost	726		518		40
Total debt securities	214,056		177,296		192,846
Loans and leases	876,344		793,537		706,490
Allowance for loan and lease losses	(11,588	)	(9,535	)	(9,016	)
Loans and leases, net of allowance	864,756		784,002		697,474
Premises and equipment, net	11,240		9,762		9,255
Mortgage servicing rights (includes $3,053, $3,179 and $2,869 measured at fair value)	3,347		3,417		3,045
Goodwill	77,530		67,433		65,662
Intangible assets	10,296		9,635		9,422
Other assets	153,939		138,075		119,683
Total assets	$1,715,746		$1,578,763		$1,459,737

Liabilities
Deposits in domestic offices:
Noninterest-bearing	$ 188,466		$ 165,343		$ 180,231
Interest-bearing	501,882		434,728		418,100
Deposits in foreign offices:
Noninterest-bearing	3,761		3,950		4,577
Interest-bearing	111,068		95,201		90,589
Total deposits	805,177		699,222		693,497
Federal funds purchased and securities sold under agreements to repurchase	221,435		199,293		217,527
Trading account liabilities	77,342		87,155		67,670
Derivative liabilities	22,423		19,012		16,339
Commercial paper and other short-term borrowings	191,089		201,155		141,300
Accrued expenses and other liabilities (includes $518, $392 and $397 of reserve for unfunded lending commitments)	53,969		48,932		42,132
Long-term debt	197,508		185,484		146,000
Total liabilities	1,568,943		1,440,253		1,324,465
Shareholders’ equity
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 185,067, 143,739 and 121,739 shares	4,409		3,401		2,851
Common stock and additional paid-in capital, $0.01 par value; authorized - 7,500,000,000 shares; issued and outstanding - 4,437,885,419, 4,436,855,341 and 4,458,151,391 shares	60,328		60,276		61,574
Retained earnings ⁽¹⁾	81,393		84,027		79,024
Accumulated other comprehensive income (loss) ⁽²⁾	1,129		(8,615	)	(7,711	)
Other	(456	)	(579	)	(466	)
Total shareholders’ equity	146,803		138,510		135,272
Total liabilities and shareholders’ equity	$1,715,746		$1,578,763		$1,459,737

(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 and Subsidiaries

Capital Management

(Dollars in millions)


	Fourth Quarter 2007 ⁽¹⁾			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Risk-based capital:
Tier 1 capital	$	83,372		$	94,108		$	94,979		$	91,112		$	91,064
Total capital		133,720			135,786			135,059			126,958			125,226
Risk-weighted assets		1,212,905			1,145,069			1,115,150			1,062,883			1,054,533
Tier 1 capital ratio		6.87	%		8.22	%		8.52	%		8.57	%		8.64	%
Total capital ratio		11.02			11.86			12.11			11.94			11.88
Tangible equity ratio ⁽²⁾		3.62			4.09			4.19			4.20			4.35
Tier 1 leverage ratio		5.04			6.20			6.33			6.25			6.36

(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

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

189.4 million shares remain outstanding under the 2007 authorized program.

3.7 million shares were issued in the fourth 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 and Subsidiaries

Core Net Interest Income - Managed Basis

(Dollars in millions)


	Year Ended December 31						Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Net interest income ⁽¹⁾
As reported	$ 36,182			$ 35,815			$ 9,814			$ 8,990			$ 8,781			$ 8,597			$ 8,955
Impact of market-based net interest income ⁽²⁾	(2,716	)		(1,660	)		(809	)		(789	)		(635	)		(483	)		(487	)

Core net interest income	33,466			34,155			9,005			8,201			8,146			8,114			8,468
Impact of securitizations ⁽³⁾	7,841			7,045			2,021			2,009			1,952			1,859			1,850

Core net interest income - managed basis	$ 41,307			$ 41,200			$ 11,026			$ 10,210			$ 10,098			$ 9,973			$ 10,318


Average earning assets
As reported	$1,390,192			$1,269,144			$1,502,998			$1,375,795			$1,358,199			$1,321,946			$1,299,461
Impact of market-based earning assets ⁽²⁾	(412,326	)		(370,187	)		(406,709	)		(406,947	)		(426,598	)		(409,135	)		(406,786	)

Core average earning assets	977,866			898,957			1,096,289			968,848			931,601			912,811			892,675
Impact of securitizations	103,371			98,152			104,385			104,181			102,357			102,529			100,786

Core average earning assets - managed basis	$1,081,237			$ 997,109			$1,200,674			$1,073,029			$1,033,958			$1,015,340			$ 993,461


Net interest yield contribution ^{(1, 4)}
As reported	2.60		%	2.82		%	2.61		%	2.61		%	2.59		%	2.61		%	2.75		%
Impact of market-based activities ⁽²⁾	0.82			0.98			0.67			0.77			0.91			0.95			1.03

Core net interest yield on earning assets	3.42			3.80			3.28			3.38			3.50			3.56			3.78
Impact of securitizations	0.40			0.33			0.38			0.42			0.41			0.38			0.36

Core net interest yield on earning assets - managed basis	3.82		%	4.13		%	3.66		%	3.80		%	3.91		%	3.94		%	4.14		%

(1)

Fully taxable-equivalent basis

(2)

Represents the impact of 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.

(4)

Quarterly yields are calculated on an annualized 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.		7

Bank of America Corporation and Subsidiaries

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

(Dollars in millions)


	Fourth Quarter 2007						Third Quarter 2007						Fourth 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	$	10,459	$	122	4.63	%	$	11,879	$	148	4.92	%	$	15,760	$	166	4.19	%
Federal funds sold and securities purchased under agreements to resell		151,938		1,748	4.59			139,259		1,839	5.27			174,167		2,068	4.73
Trading account assets		190,700		2,422	5.06			194,661		2,604	5.33			167,163		2,289	5.46
Debt securities ⁽¹⁾		206,873		2,795	5.40			174,568		2,380	5.45			193,601		2,504	5.17
Loans and leases ⁽²⁾:
Residential mortgage		277,058		3,972	5.73			274,385		3,928	5.72			225,985		3,202	5.66
Credit card - domestic		60,063		1,781	11.76			57,491		1,780	12.29			59,802		2,101	13.94
Credit card - foreign		14,329		464	12.86			11,995		371	12.25			10,375		305	11.66
Home equity ⁽³⁾		112,372		2,043	7.21			98,611		1,884	7.58			84,905		1,626	7.60
Direct/Indirect consumer⁽⁴⁾		75,423		1,658	8.72			73,245		1,600	8.67			57,273		1,185	8.21
Other consumer ⁽⁵⁾		3,918		71	7.24			4,055		96	9.47			6,804		141	8.32
Total consumer		543,163		9,989	7.32			519,782		9,659	7.39			445,144		8,560	7.65
Commercial - domestic		213,200		3,704	6.89			176,554		3,207	7.21			158,604		2,907	7.27
Commercial real estate ⁽⁶⁾		59,702		1,053	6.99			38,977		733	7.47			36,851		704	7.58
Commercial lease financing		22,239		574	10.33			20,044		246	4.91			21,159		254	4.80
Commercial - foreign		29,815		426	5.67			25,159		377	5.95			21,840		337	6.12
Total commercial		324,956		5,757	7.03			260,734		4,563	6.95			238,454		4,202	7.00
Total loans and leases		868,119		15,746	7.21			780,516		14,222	7.25			683,598		12,762	7.42
Other earning assets		74,909		1,296	6.89			74,912		1,215	6.46			65,172		1,058	6.46
Total earning assets ⁽⁷⁾		1,502,998		24,129	6.39			1,375,795		22,408	6.48			1,299,461		20,847	6.39
Cash and cash equivalents		33,714						31,356						32,816

Other assets, less allowance for loan and lease losses		205,755						173,414						162,873

Total assets	$	1,742,467					$	1,580,565					$	1,495,150

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	31,961	$	50	0.63	%	$	31,510	$	50	0.62	%	$	32,965	$	48	0.58	%
NOW and money market deposit accounts		240,914		1,334	2.20			215,078		1,104	2.04			211,055		966	1.81
Consumer CDs and IRAs		183,910		2,179	4.70			165,840		1,949	4.66			154,621		1,794	4.60
Negotiable CDs, public funds and other time deposits		34,997		420	4.76			17,392		227	5.20			13,052		140	4.30
Total domestic interest-bearing deposits		491,782		3,983	3.21			429,820		3,330	3.07			411,693		2,948	2.84
Foreign interest-bearing deposits:
Banks located in foreign countries		45,050		557	4.91			43,727		564	5.12			38,648		507	5.21
Governments and official institutions		16,506		192	4.62			17,206		218	5.03			14,220		168	4.70
Time, savings and other		51,919		521	3.98			41,868		433	4.09			41,328		366	3.50
Total foreign interest-bearing deposits		113,475		1,270	4.44			102,801		1,215	4.69			94,196		1,041	4.38
Total interest-bearing deposits		605,257		5,253	3.44			532,621		4,545	3.39			505,889		3,989	3.13
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		456,530		5,599	4.87			409,070		5,521	5.36			405,748		5,222	5.11
Trading account liabilities		81,500		825	4.02			86,118		906	4.17			75,261		800	4.21
Long-term debt		196,444		2,638	5.37			175,265		2,446	5.58			140,756		1,881	5.34
Total interest-bearing liabilities ⁽⁷⁾		1,339,731		14,315	4.25			1,203,074		13,418	4.43			1,127,654		11,892	4.19
Noninterest-bearing sources:
Noninterest-bearing deposits		176,368						169,860						174,356
Other liabilities		81,444						73,144						59,093
Shareholders’ equity		144,924						134,487						134,047

Total liabilities and shareholders’ equity	$	1,742,467					$	1,580,565					$	1,495,150
Net interest spread					2.14	%					2.05	%					2.20	%
Impact of noninterest-bearing sources					0.47						0.56						0.55
Net interest income/yield on earning assets			$	9,814	2.61	%			$	8,990	2.61	%			$	8,955	2.75	%

(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 $20.9 billion and $16.7 billion in the fourth and third quarters of 2007 and $11.7 billion in the fourth quarter of 2006.

(4)

Includes foreign consumer loans of $3.6 billion and $3.8 billion in the fourth and third quarters of 2007, and $3.8 billion in the fourth quarter of 2006.

(5)

Includes consumer finance loans of $3.1 billion and $3.2 billion in the fourth and third quarters of 2007 and $2.8 billion in the fourth quarter of 2006, and other foreign consumer loans of $845 million and $843 million in the fourth and third quarters of 2007 and $4.0 billion in the fourth quarter of 2006.

(6)

Includes domestic commercial real estate loans of $58.5 billion and $38.0 billion in the fourth and third quarters of 2007 and $36.1 billion in the fourth quarter of 2006.

(7)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $134 million and $170 million in the fourth and third quarters of 2007 and $198 million in the fourth quarter of 2006. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on the underlying liabilities $201 million and $226 million in the fourth and third quarters of 2007 and $(69) million in the fourth 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 and Subsidiaries

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

(Dollars in millions)


	Fourth Quarter 2007								Third Quarter 2007								Fourth 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⁾	$	10,459	$	126		4.79		%	$	11,879	$	152		5.06		%	$	15,760	$	199		5.01		%
Federal funds sold and securities purchased under agreements to resell⁽²⁾		151,938		1,843		4.84				139,259		1,936		5.54				174,167		2,223		5.09
Trading account assets		190,700		2,422		5.06				194,661		2,604		5.33				167,163		2,289		5.46
Debt securities ⁽²⁾		206,873		2,795		5.40				174,568		2,385		5.46				193,601		2,509		5.18
Loans and leases:
Residential mortgage		277,058		3,972		5.73				274,385		3,928		5.72				225,985		3,202		5.66
Credit card - domestic		60,063		1,781		11.76				57,491		1,780		12.29				59,802		2,101		13.94
Credit card - foreign		14,329		464		12.86				11,995		371		12.25				10,375		305		11.66
Home equity		112,372		2,043		7.21				98,611		1,884		7.58				84,905		1,626		7.60
Direct/Indirect consumer		75,423		1,658		8.72				73,245		1,600		8.67				57,273		1,185		8.21
Other consumer		3,918		71		7.24				4,055		96		9.47				6,804		141		8.32
Total consumer		543,163		9,989		7.32				519,782		9,659		7.39				445,144		8,560		7.65
Commercial - domestic⁽²⁾		213,200		3,731		6.94				176,554		3,220		7.24				158,604		2,918		7.30
Commercial real estate		59,702		1,053		6.99				38,977		733		7.47				36,851		704		7.58
Commercial lease financing		22,239		574		10.33				20,044		246		4.91				21,159		254		4.80
Commercial - foreign ⁽²⁾		29,815		425		5.67				25,159		411		6.48				21,840		332		6.02
Total commercial		324,956		5,783		7.07				260,734		4,610		7.02				238,454		4,208		7.01
Total loans and leases		868,119		15,772		7.22				780,516		14,269		7.27				683,598		12,768		7.43
Other earning assets⁽²⁾		74,909		1,305		6.93				74,912		1,232		6.55				65,172		1,057		6.46
Total earning assets - excluding hedge impact		1,502,998		24,263		6.43				1,375,795		22,578		6.53				1,299,461		21,045		6.45
Net hedge income (expense) on assets				(134	)							(170	)							(198	)
Total earning assets - including hedge impact		1,502,998		24,129		6.39				1,375,795		22,408		6.48				1,299,461		20,847		6.39
Cash and cash equivalents		33,714								31,356								32,816
Other assets, less allowance for loan and lease losses		205,755								173,414								162,873
Total assets	$	1,742,467							$	1,580,565							$	1,495,150

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	31,961	$	50		0.63		%	$	31,510	$	50		0.62		%	$	32,965	$	48		0.58		%
NOW and money market deposit accounts⁽²⁾		240,914		1,329		2.19				215,078		1,099		2.03				211,055		962		1.81
Consumer CDs and IRAs⁽²⁾		183,910		2,033		4.38				165,840		1,797		4.30				154,621		1,598		4.10
Negotiable CDs, public funds and other time deposits⁽²⁾		34,997		418		4.73				17,392		225		5.15				13,052		138		4.24
Total domestic interest-bearing deposits		491,782		3,830		3.09				429,820		3,171		2.93				411,693		2,746		2.65
Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾		45,050		553		4.87				43,727		566		5.14				38,648		515		5.30
Governments and official institutions		16,506		192		4.62				17,206		218		5.03				14,220		168		4.70
Time, savings and other		51,919		521		3.98				41,868		433		4.09				41,328		366		3.50
Total foreign interest-bearing deposits		113,475		1,266		4.43				102,801		1,217		4.70				94,196		1,049		4.42
Total interest-bearing deposits		605,257		5,096		3.34				532,621		4,388		3.27				505,889		3,795		2.98
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾		456,530		5,639		4.90				409,070		5,562		5.40				405,748		5,522		5.40
Trading account liabilities		81,500		825		4.02				86,118		906		4.17				75,261		800		4.21
Long-term debt⁽²⁾		196,444		2,554		5.20				175,265		2,336		5.33				140,756		1,844		5.24
Total interest-bearing liabilities - excluding hedge impact		1,339,731		14,114		4.19				1,203,074		13,192		4.36				1,127,654		11,961		4.21
Net hedge (income) expense on liabilities				201								226								(69	)
Total interest-bearing liabilities - including hedge impact		1,339,731		14,315		4.25				1,203,074		13,418		4.43				1,127,654		11,892		4.19
Noninterest-bearing sources:
Noninterest-bearing deposits		176,368								169,860								174,356
Other liabilities		81,444								73,144								59,093
Shareholders’ equity		144,924								134,487								134,047
Total liabilities and shareholders’ equity	$	1,742,467							$	1,580,565							$	1,495,150
Net interest spread						2.24								2.17								2.24
Impact of noninterest-bearing sources						0.46								0.55								0.55
Net interest income/yield on earning assets - excluding hedge impact			$	10,149		2.70		%			$	9,386		2.72		%			$	9,084		2.79		%
Net impact of hedge income (expense)				(335	)	(0.09	)					(396	)	(0.11	)					(129	)	(0.04	)
Net interest income/yield on earning assets			$	9,814		2.61		%			$	8,990		2.61		%			$	8,955		2.75		%

(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:


	Fourth Quarter 2007		Third Quarter 2007		Fourth Quarter 2006
Time deposits placed and other short-term investments	$ (4)		$ (4)		$ (33)
Federal funds sold and securities purchased under agreements to resell	(95	)	(97	)	(155	)
Debt securities	-		(5	)	(5	)
Commercial - domestic	(27	)	(13	)	(11	)
Commercial - foreign	1		(34	)	5
Other earning assets	(9	)	(17	)	1

Net hedge income (expense) on assets	$(134	)	$(170	)	$(198	)


Interest expense excludes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:
NOW and money market deposit accounts	$ 5		$ 5		$ 4
Consumer CDs and IRAs	146		152		196
Negotiable CDs, public funds and other time deposits	2		2		2
Banks located in foreign countries	4		(2	)	(8	)
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings	(40	)	(41	)	(300	)
Long-term debt	84		110		37

Net hedge (income) expense on liabilities	$ 201		$ 226		$ (69	)

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)


	Year Ended December 31
	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	$ 13,152	$ 627	4.77	%	$ 15,611	$ 646	4.14	%
Federal funds sold and securities purchased under agreements to resell	155,828	7,722	4.96		175,334	7,823	4.46
Trading account assets	187,287	9,747	5.20		145,321	7,552	5.20
Debt securities ⁽²⁾	186,466	10,020	5.37		225,219	11,845	5.26
Loans and leases ⁽³⁾:
Residential mortgage	264,650	15,112	5.71		207,879	11,608	5.58
Credit card - domestic	57,883	7,225	12.48		63,838	8,638	13.53
Credit card - foreign	12,359	1,502	12.15		9,141	1,147	12.55
Home equity ⁽⁴⁾	98,765	7,385	7.48		78,318	5,773	7.37
Direct/Indirect consumer ⁽⁵⁾	70,260	6,002	8.54		53,371	4,185	7.84
Other consumer ⁽⁶⁾	4,259	389	9.14		7,317	788	10.78
Total consumer	508,176	37,615	7.40		419,864	32,139	7.65
Commercial - domestic	180,102	12,884	7.15		151,231	10,897	7.21
Commercial real estate ⁽⁷⁾	42,950	3,145	7.32		36,939	2,740	7.42
Commercial lease financing	20,435	1,212	5.93		20,862	995	4.77
Commercial - foreign	24,491	1,452	5.93		23,521	1,674	7.12
Total commercial	267,978	18,693	6.98		232,553	16,306	7.01
Total loans and leases	776,154	56,308	7.25		652,417	48,445	7.42
Other earning assets	71,305	4,629	6.49		55,242	3,498	6.33
Total earning assets ⁽⁸⁾	1,390,192	89,053	6.41		1,269,144	79,809	6.29
Cash and cash equivalents	33,091				34,052
Other assets, less allowance for loan and lease losses	178,790				163,485
Total assets	$1,602,073				$1,466,681
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$ 32,316	$ 188	0.58	%	$ 34,608	$ 269	0.78	%
NOW and money market deposit accounts	220,207	4,361	1.98		218,077	3,923	1.80
Consumer CDs and IRAs	167,801	7,817	4.66		144,738	6,022	4.16
Negotiable CDs, public funds and other time deposits	20,557	974	4.74		12,195	483	3.97
Total domestic interest-bearing deposits	440,881	13,340	3.03		409,618	10,697	2.61
Foreign interest-bearing deposits:
Banks located in foreign countries	42,788	2,174	5.08		34,985	1,982	5.67
Governments and official institutions	16,523	812	4.91		12,674	586	4.63
Time, savings and other	43,443	1,767	4.07		38,544	1,215	3.15
Total foreign interest-bearing deposits	102,754	4,753	4.63		86,203	3,783	4.39
Total interest-bearing deposits	543,635	18,093	3.33		495,821	14,480	2.92
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings	424,814	21,975	5.17		411,132	19,840	4.83
Trading account liabilities	82,721	3,444	4.16		64,689	2,640	4.08
Long-term debt	169,855	9,359	5.51		130,124	7,034	5.41
Total interest-bearing liabilities ⁽⁸⁾	1,221,025	52,871	4.33		1,101,766	43,994	3.99
Noninterest-bearing sources:
Noninterest-bearing deposits	173,547				177,174
Other liabilities	70,839				57,278
Shareholders’ equity	136,662				130,463
Total liabilities and shareholders’ equity	$1,602,073				$1,466,681
Net interest spread			2.08	%			2.30	%
Impact of noninterest-bearing sources			0.52				0.52
Net interest income/yield on earning assets		$36,182	2.60	%		$35,815	2.82	%

(1)

Interest income (FTE basis) for the year ended December 31, 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 2 bps, respectively, for the year ended December 31, 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 $16.7 billion and $9.7 billion for the year ended December 31, 2007 and 2006.

(5)

Includes foreign consumer loans of $3.8 billion and $3.4 billion for the year ended December 31, 2007 and 2006.

(6)

Includes consumer finance loans of $3.2 billion and $2.9 billion, and other foreign consumer loans of $1.1 billion and $4.4 billion for the year ended December 31, 2007 and 2006.

(7)

Includes domestic commercial real estate loans of $42.1 billion and $36.2 billion for the year ended December 31, 2007 and 2006.

(8)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $542 million and $372 million for the year ended December 31, 2007 and 2006. Interest expense includes the impact of interest rate risk management contracts, which increased interest expense on the underlying liabilities $813 million and $106 million in the year ended December 31, 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 and Subsidiaries

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

(Dollars in millions)


	Year Ended December 31
	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⁾	$ 13,152	$ 672		5.11		%	$ 15,611	$ 723		4.63		%
Federal funds sold and securities purchased under agreements to resell⁽²⁾	155,828	8,120		5.21			175,334	8,276		4.72
Trading account assets	187,287	9,747		5.20			145,321	7,552		5.20
Debt securities ⁽²⁾	186,466	10,036		5.38			225,219	11,853		5.26
Loans and leases:
Residential mortgage	264,650	15,112		5.71			207,879	11,608		5.58
Credit card - domestic	57,883	7,225		12.48			63,838	8,638		13.53
Credit card - foreign	12,359	1,502		12.15			9,141	1,147		12.55
Home equity	98,765	7,385		7.48			78,318	5,773		7.37
Direct/Indirect consumer	70,260	6,002		8.54			53,371	4,185		7.84
Other consumer	4,259	389		9.14			7,317	788		10.78
Total consumer	508,176	37,615		7.40			419,864	32,139		7.65
Commercial - domestic⁽²⁾	180,102	12,932		7.18			151,231	10,743		7.10
Commercial real estate	42,950	3,145		7.32			36,939	2,740		7.42
Commercial lease financing	20,435	1,212		5.93			20,862	995		4.77
Commercial - foreign ⁽²⁾	24,491	1,450		5.92			23,521	1,660		7.06
Total commercial	267,978	18,739		6.99			232,553	16,138		6.94
Total loans and leases	776,154	56,354		7.26			652,417	48,277		7.40
Other earning assets⁽²⁾	71,305	4,666		6.54			55,242	3,500		6.33
Total earning assets - excluding hedge impact	1,390,192	89,595		6.44			1,269,144	80,181		6.32
Net hedge income (expense) on assets		(542	)					(372	)
Total earning assets - including hedge impact	1,390,192	89,053		6.41			1,269,144	79,809		6.29
Cash and cash equivalents	33,091						34,052
Other assets, less allowance for loan and lease losses	178,790						163,485
Total assets	$1,602,073						$1,466,681
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$ 32,316	$ 188		0.58		%	$ 34,608	$ 269		0.78		%
NOW and money market deposit accounts⁽²⁾	220,207	4,342		1.97			218,077	3,911		1.79
Consumer CDs and IRAs⁽²⁾	167,801	7,167		4.27			144,738	5,285		3.65
Negotiable CDs, public funds and other time deposits⁽²⁾	20,557	965		4.69			12,195	475		3.90
Total domestic interest-bearing deposits	440,881	12,662		2.87			409,618	9,940		2.43
Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾	42,788	2,168		5.07			34,985	1,971		5.64
Governments and official institutions	16,523	812		4.91			12,674	586		4.63
Time, savings and other	43,443	1,767		4.07			38,544	1,215		3.15
Total foreign interest-bearing deposits	102,754	4,747		4.62			86,203	3,772		4.38
Total interest-bearing deposits	543,635	17,409		3.20			495,821	13,712		2.77
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾	424,814	22,317		5.25			411,132	20,773		5.05
Trading account liabilities	82,721	3,444		4.16			64,689	2,640		4.08
Long-term debt⁽²⁾	169,855	8,888		5.23			130,124	6,763		5.20
Total interest-bearing liabilities - excluding hedge impact	1,221,025	52,058		4.26			1,101,766	43,888		3.98
Net hedge (income) expense on liabilities		813						106
Total interest-bearing liabilities - including hedge impact	1,221,025	52,871		4.33			1,101,766	43,994		3.99
Noninterest-bearing sources:
Noninterest-bearing deposits	173,547						177,174
Other liabilities	70,839						57,278
Shareholders’ equity	136,662						130,463
Total liabilities and shareholders’ equity	$1,602,073						$1,466,681
Net interest spread				2.18						2.34
Impact of noninterest-bearing sources				0.52						0.52
Net interest income/yield on earning assets - excluding hedge impact		$37,537		2.70		%		$36,293		2.86		%
Net impact of hedge income (expense)		(1,355	)	(0.10	)			(478	)	(0.04	)
Net interest income/yield on earning assets		$36,182		2.60		%		$35,815		2.82		%
(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:
	Year Ended December 31
		2007						2006
Time deposits placed and other short-term investments		$ (45	)					$ (77	)
Federal funds sold and securities purchased under agreements to resell		(398	)					(453	)
Debt securities		(16	)					(8	)
Commercial - domestic		(48	)					154
Commercial - foreign		2						14
Other earning assets		(37	)					(2	)
Net hedge income (expense) on assets		$ (542	)					$ (372	)
Interest expense excludes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:
NOW and money market deposit accounts		$ 19						$ 12
Consumer CDs and IRAs		650						737
Negotiable CDs, public funds and other time deposits		9						8
Banks located in foreign countries		6						11
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		(342	)					(933	)
Long-term debt		471						271
Net hedge (income) expense on liabilities		$ 813						$ 106

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 and Subsidiaries

Business Segment View

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 and Subsidiaries

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

(Dollars in millions; except as noted)


	Year Ended December 31						Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Net interest income ⁽³⁾	$	28,809		$	28,197		$	7,400		$	7,265		$	7,132		$	7,012		$	7,138
Noninterest income:
Card income		10,189			9,374			2,625			2,587			2,596			2,381			2,635
Service charges		6,008			5,342			1,624			1,519			1,488			1,377			1,394
Mortgage banking income		1,333			877			490			244			297			302			247
All other income		1,343			1,136			375			370			331			267			257

Total noninterest income		18,873			16,729			5,114			4,720			4,712			4,327			4,533

Total revenue, net of interest expense		47,682			44,926			12,514			11,985			11,844			11,339			11,671
Provision for credit losses ⁽⁴⁾		12,929			8,534			4,303			3,121			3,094			2,411			2,777
Noninterest expense		20,060			18,375			5,493			4,971			4,911			4,685			4,784

Income before income taxes		14,693			18,017			2,718			3,893			3,839			4,243			4,110
Income tax expense ⁽³⁾		5,263			6,639			847			1,441			1,403			1,572			1,516

Net income	$	9,430		$	11,378		$	1,871		$	2,452		$	2,436		$	2,671		$	2,594

Net interest yield ⁽³⁾		8.15	%		8.20	%		7.98	%		8.32	%		8.17	%		8.13	%		8.28	%
Return on average equity		14.94			18.11			11.09			15.63			15.84			17.62			16.77
Efficiency ratio ⁽³⁾		42.07			40.90			43.90			41.48			41.47			41.31			40.99
Balance sheet⁽²⁾
Average
Total loans and leases	$	327,810		$	288,131		$	353,689		$	331,656		$	317,246		$	308,105		$	299,614
Total earning assets ⁽⁵⁾		353,591			344,013			368,115			346,251			350,202			349,672			342,067
Total assets ⁽⁵⁾		408,034			396,559			426,066			399,196			403,258			403,464			395,619
Total deposits		328,918			332,242			340,940			321,552			326,623			326,480			327,890
Allocated equity		63,099			62,810			66,969			62,222			61,661			61,494			61,379
Period end
Total loans and leases	$	359,946		$	307,661		$	359,946		$	337,783		$	324,452		$	309,992		$	307,661
Total earning assets ⁽⁵⁾		383,384			343,338			383,384			347,057			349,138			354,183			343,338
Total assets ⁽⁵⁾		442,987			399,373			442,987			401,151			403,689			409,883			399,373
Total deposits		344,850			329,195			344,850			321,137			326,883			334,918			329,195
Period end (in billions)
Mortgage servicing portfolio	$	399.0		$	333.0		$	399.0		$	376.9		$	360.1		$	345.1		$	333.0

(1)

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

(2)

Presented on a managed basis, specifically Card Services. (See Exhibit A: Non-GAAP Reconciliations - Global Consumer and Small Business Banking - Reconciliation on page 45).

(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 and Subsidiaries

Global Consumer and Small Business Banking Business Results

(Dollars in millions)


	Three Months Ended December 31, 2007
	Total⁽¹⁾			Deposits ⁽²⁾				Card Services ⁽¹⁾			Consumer Real Estate				ALM/ Other
Net interest income ⁽³⁾	$	7,400		$	2,324			$	4,364		$	634			$	78
Noninterest income:
Card income		2,625			564				2,059			1				1
Service charges		1,624			1,623				-			1				-
Mortgage banking income		490			-				-			490				-
All other income		375			(2	)			224			32				121

Total noninterest income		5,114			2,185				2,283			524				122

Total revenue, net of interest expense		12,514			4,509				6,647			1,158				200
Provision for credit losses⁽⁴⁾		4,303			85				3,418			687				113
Noninterest expense		5,493			2,487				2,279			557				170

Income (loss) before income taxes		2,718			1,937				950			(86	)			(83	)
Income tax expense (benefit)⁽³⁾		847			673				376			(21	)			(181	)

Net income (loss)	$	1,871		$	1,264			$	574		$	(65	)		$	98


Net interest yield ⁽³⁾		7.98	%		2.80		%		7.80	%		1.96		%		n/m
Return on average equity		11.09			28.64				5.01			(5.16	)			n/m
Efficiency ratio ⁽³⁾		43.90			55.16				34.29			48.12				n/m
Average - total loans and leases	$	353,689			n/m			$	221,467		$	119,531				n/m
Average - total deposits		340,940		$	335,438				n/m			n/m				n/m
Period end - total assets ⁽⁵⁾		442,987			358,626				257,000			133,324				n/m

	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				-
All other income		370			(1	)			271			14				86

Total noninterest income		4,720			2,069				2,305			260				86

Total revenue, net of interest expense		11,985			4,423				6,504			837				221
Provision for credit losses⁽⁴⁾		3,121			76				2,743			197				105
Noninterest expense		4,971			2,242				2,035			523				171

Income (loss) before income taxes		3,893			2,105				1,726			117				(55	)
Income tax expense (benefit)⁽³⁾		1,441			780				639			43				(21	)

Net income (loss)	$	2,452		$	1,325			$	1,087		$	74			$	(34	)


Net interest yield ⁽³⁾		8.32	%		3.01		%		7.83	%		2.01		%		n/m
Return on average equity		15.63			35.38				9.76			7.09				n/m
Efficiency ratio ⁽³⁾		41.48			50.68				31.29			62.49				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 December 31, 2006
	Total⁽¹⁾			Deposits ⁽²⁾				Card Services ⁽¹⁾			Consumer Real Estate				ALM/ Other
Net interest income ⁽³⁾	$	7,138		$	2,384			$	4,135		$	517			$	102
Noninterest income:
Card income		2,635			504				2,129			2				-
Service charges		1,394			1,393				-			1				-
Mortgage banking income		247			-				-			247				-
All other income		257			-				181			7				69

Total noninterest income		4,533			1,897				2,310			257				69

Total revenue, net of interest expense		11,671			4,281				6,445			774				171
Provision for credit losses⁽⁴⁾		2,777			56				2,609			17				95
Noninterest expense		4,784			2,241				2,014			438				91

Income (loss) before income taxes		4,110			1,984				1,822			319				(15	)
Income tax expense (benefit)⁽³⁾		1,516			733				672			118				(7	)

Net income (loss)	$	2,594		$	1,251			$	1,150		$	201			$	(8	)


Net interest yield ⁽³⁾		8.28	%		2.99		%		8.28	%		2.14		%		n/m
Return on average equity		16.77			33.96				10.52			23.15				n/m
Efficiency ratio ⁽³⁾		40.99			52.35				31.25			56.61				n/m
Average - total loans and leases	$	299,614			n/m			$	197,547		$	91,226				n/m
Average - total deposits		327,890		$	321,891				n/m			n/m				n/m
Period end - total assets ⁽⁵⁾		399,373			339,717				235,106			101,175				n/m

(1)

Presented on a managed basis, specifically Card Services.

(2)

For the three months ended December 31, 2007, September 30, 2007 and December 31, 2006, a total of $2.4 billion, $2.6 billion and $3.7 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 and Subsidiaries

Global Consumer and Small Business Banking Business Results

(Dollars in millions)


	Year Ended December 31, 2007
	Total⁽¹⁾			Deposits ⁽²⁾				Card Services ⁽¹⁾			Consumer Real Estate			ALM/ Other
Net interest income ⁽³⁾	$	28,809		$	9,423			$	16,562		$	2,281		$	543
Noninterest income:
Card income		10,189			2,155				8,028			6			-
Service charges		6,008			6,003				-			5			-
Mortgage banking income		1,333			-				-			1,333			-
All other income		1,343			(4	)			943			54			350

Total noninterest income		18,873			8,154				8,971			1,398			350

Total revenue, net of interest expense		47,682			17,577				25,533			3,679			893
Provision for credit losses⁽⁴⁾		12,929			256				11,317			1,041			315
Noninterest expense		20,060			9,106				8,294			2,033			627

Income (loss) before income taxes		14,693			8,215				5,922			605			(49	)
Income tax expense (benefit)⁽³⁾		5,263			2,988				2,210			234			(169	)

Net income	$	9,430		$	5,227			$	3,712		$	371		$	120


Net interest yield ⁽³⁾		8.15	%		2.97		%		7.87	%		2.04	%		n/m
Return on average equity		14.94			33.61				8.43			9.00			n/m
Efficiency ratio ⁽³⁾		42.07			51.81				32.49			55.24			n/m
Average - total loans and leases	$	327,810			n/m			$	209,774		$	106,448			n/m
Average - total deposits		328,918		$	323,035				n/m			n/m			n/m
Period end - total assets ⁽⁵⁾		442,987			358,626				257,000			133,324			n/m

	Year Ended December 31, 2006
	Total⁽¹⁾			Deposits ⁽²⁾				Card Services ⁽¹⁾			Consumer Real Estate			ALM/ Other
Net interest income ⁽³⁾	$	28,197		$	9,405			$	16,357		$	1,994		$	441
Noninterest income:
Card income		9,374			1,907				7,460			7			-
Service charges		5,342			5,338				-			4			-
Mortgage banking income		877			-				-			877			-
All other income		1,136			1				819			27			289

Total noninterest income		16,729			7,246				8,279			915			289

Total revenue, net of interest expense		44,926			16,651				24,636			2,909			730
Provision for credit losses⁽⁴⁾		8,534			165				8,089			63			217
Noninterest expense		18,375			8,783				7,519			1,718			355

Income before income taxes		18,017			7,703				9,028			1,128			158
Income tax expense⁽³⁾		6,639			2,840				3,328			416			55

Net income	$	11,378		$	4,863			$	5,700		$	712		$	103


Net interest yield ⁽³⁾		8.20	%		2.93		%		8.52	%		2.19	%		n/m
Return on average equity		18.11			33.42				12.90			22.18			n/m
Efficiency ratio ⁽³⁾		40.90			52.75				30.52			59.06			n/m
Average - total loans and leases	$	288,131			n/m			$	191,314		$	85,711			n/m
Average - total deposits		332,242		$	326,240				n/m			n/m			n/m
Period end - total assets ⁽⁵⁾		399,373			339,717				235,106			101,175			n/m

(1)

Presented on a managed basis, specifically Card Services.

(2)

For the years ended December 31, 2007 and 2006, a total of $11.4 billion and $10.7 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.		15

Bank of America Corporation and Subsidiaries

Global Consumer and Small Business Banking - Key Indicators

(Dollars in millions; except as noted)


	Year Ended December 31						Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Deposits Key Indicators
Average deposit balances
Checking	$	124,277		$	126,577		$	124,340		$	121,904		$	125,771		$	125,127		$	124,441
Savings		29,301			31,295			28,927			28,533			30,029			29,732			29,889
MMS		63,053			70,717			64,628			60,890			62,554			64,159			66,066
CD’s & IRA’s		103,786			95,081			114,538			101,358			99,546			99,563			99,165
Foreign and other		2,618			2,570			3,005			2,713			2,382			2,364			2,330

Total average deposit balances	$	323,035		$	326,240		$	335,438		$	315,398		$	320,282		$	320,945		$	321,891


Total balances migrated to
Premier Banking and Investments	$	11,411		$	10,687		$	2,443		$	2,560		$	2,857		$	3,551		$	3,667

Deposit spreads (excludes noninterest costs)
Checking		4.29	%		4.19	%		4.36	%		4.30	%		4.27	%		4.24	%		4.23	%
Savings		3.76			3.48			3.85			3.71			3.71			3.77			3.70
MMS		3.26			2.84			2.84			3.43			3.36			3.42			3.25
CD’s & IRA’s		1.04			1.20			0.89			1.06			1.10			1.13			1.11
Foreign and other		4.35			4.25			4.38			4.32			4.28			4.41			4.27
Total deposit spreads		2.98			2.94			2.82			3.02			3.04			3.05			3.00

Net new retail checking (units in thousands)		2,304			2,411			343			757			717			487			363
Debit purchase volumes	$	189,444		$	169,026		$	51,128		$	47,326		$	47,421		$	43,569		$	45,121

Online banking (end of period)
Active accounts (units in thousands)		23,791			20,552			23,791			23,057			22,190			21,813			20,552
Active billpay accounts (units in thousands)		12,552			10,832			12,552			11,928			11,567			11,285			10,832

Card Services Key Indicators
Managed Card - US Consumer and Business Card
Gross interest yield		12.68	%		12.73	%		12.33	%		12.72	%		12.82	%		12.85	%		12.98	%
Risk adjusted margin ⁽¹⁾		7.67			9.36			7.52			7.74			7.61			7.82			8.74
Loss rates		4.99			3.85			5.08			4.86			5.20			4.81			4.57
Average outstandings	$	151,789		$	145,149		$	158,120		$	152,961		$	147,972		$	147,980		$	146,939
Ending outstandings		163,234			150,731			163,234			154,722			150,159			146,013			150,731
New account growth (in thousands)		9,344			9,543			2,189			2,588			2,432			2,135			2,488
Purchase volumes	$	243,094		$	236,059		$	64,829		$	61,365		$	61,383		$	55,517		$	62,073
Delinquencies:
30 Day		5.74	%		5.49	%		5.74	%		5.44	%		5.24	%		5.44	%		5.49	%
90 Day		2.81			2.66			2.81			2.58			2.65			2.88			2.66

Consumer Real Estate Key Indicators
Mortgage servicing rights at fair value period end balance	$	3,053		$	2,869		$	3,053		$	3,179		$	3,269		$	2,963		$	2,869
Capitalized mortgage servicing rights (% of loans serviced)		118	bps		125	bps		118	bps		130	bps		141	bps		127	bps		125	bps
Mortgage loans serviced for investors (in billions)	$	259		$	230		$	259		$	245		$	232		$	234		$	230

Global Consumer and Small Business Banking
Mortgage production	$	93,304		$	76,912		$	22,370		$	24,533		$	25,755		$	20,646		$	21,370
Home equity production		69,226			67,892			16,001			17,352			18,552			17,321			18,489

Total Corporation
Mortgage production		104,385			85,507			24,834			26,930			29,172			23,449			23,701
Home equity production		84,183			82,966			19,299			21,105			22,746			21,033			21,882

(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.		16

Bank of America Corporation and Subsidiaries

E-Commerce & BankofAmerica.com

Bank of America has the largest active online banking customer base with 23.8 million subscribers.

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

12.6 million active bill pay users paid $61.0 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 412 companies are presenting 33.5 million e-bills per quarter.

LOGO


This information is preliminary and based on company data available at the time of the presentation.		17

Bank of America Corporation and Subsidiaries

Credit Card Data ⁽¹⁾

(Dollars in millions)


	Year Ended December 31						Fourth Quarter 2007		Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007		Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Loans
Period end
Held credit card outstandings	$ 80,724			$ 72,194			$ 80,724		$ 71,702			$ 69,241			$ 65,920			$ 72,194
Securitization impact	102,967			98,295			102,967		102,068			100,611			99,495			98,295

Managed credit card outstandings	$183,691			$170,489			$183,691		$173,770			$169,852			$165,415			$170,489

Average
Held credit card outstandings	$ 70,242			$ 72,979			$ 74,392		$ 69,486			$ 68,181			$ 68,853			$ 70,177
Securitization impact	101,134			90,430			104,019		102,516			99,388			98,539			95,815

Managed credit card outstandings	$171,376			$163,409			$178,411		$172,002			$167,569			$167,392			$165,992


Credit Quality
Charge-Offs $
Held net charge-offs	$ 3,441			$ 3,319			$ 846		$ 808			$ 893			$ 894			$ 963
Securitization impact	4,773			3,055			1,292		1,216			1,206			1,059			943

Managed credit card net losses	$ 8,214			$ 6,374			$ 2,138		$ 2,024			$ 2,099			$ 1,953			$ 1,906

Charge-Offs %
Held net charge-offs	4.90		%	4.55		%	4.51	%	4.61		%	5.25		%	5.27		%	5.44		%
Securitization impact	(0.11	)		(0.65	)		0.24		0.06			(0.23	)		(0.54	)		(0.88	)

Managed credit card net losses	4.79		%	3.90		%	4.75	%	4.67		%	5.02		%	4.73		%	4.56		%

30+ Delinquency $
Held delinquency	$ 4,298			$ 4,347			$ 4,298		$ 3,727			$ 3,593			$ 3,660			$ 4,347
Securitization impact	5,710			4,815			5,710		5,381			5,034			5,144			4,815

Managed delinquency	$ 10,008			$ 9,162			$ 10,008		$ 9,108			$ 8,627			$ 8,804			$ 9,162

30+ Delinquency %
Held delinquency	5.32		%	6.02		%	5.32	%	5.20		%	5.19		%	5.55		%	6.02		%
Securitization impact	0.13			(0.65	)		0.13		0.04			(0.11	)		(0.23	)		(0.65	)

Managed delinquency	5.45		%	5.37		%	5.45	%	5.24		%	5.08		%	5.32		%	5.37		%

90+ Delinquency $
Held delinquency	$ 2,126			$ 2,175			$ 2,126		$ 1,788			$ 1,850			$ 1,986			$ 2,175
Securitization impact	2,757			2,261			2,757		2,514			2,480			2,633			2,261

Managed delinquency	$ 4,883			$ 4,436			$ 4,883		$ 4,302			$ 4,330			$ 4,619			$ 4,436

90+ Delinquency %
Held delinquency	2.63		%	3.01		%	2.63	%	2.49		%	2.67		%	3.01		%	3.01		%
Securitization impact	0.03			(0.41	)		0.03		(0.01	)		(0.12	)		(0.22	)		(0.41	)

Managed delinquency	2.66		%	2.60		%	2.66	%	2.48		%	2.55		%	2.79		%	2.60		%

(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 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 and Subsidiaries

Mass Market Small Business Banking Results: Relationship View⁽¹⁾

(Dollars in millions)


	Three Months Ended December 31, 2007 ⁽²⁾
	Total	Global Consumer and Small Business Banking	Other⁽³⁾
Net interest income ⁽⁴⁾	$ 937	$ 886	$ 51
Noninterest income	636	550	86

Total revenue, net of interest expense	1,573	1,436	137

Provision for credit losses ⁽⁵⁾	505	501	4
Noninterest expense	512	475	37

Income before income taxes	556	460	96
Income tax expense⁽⁴⁾	206	170	36

Net income	$ 350	$ 290	$ 60


	Three Months Ended September 30, 2007
	Total	Global Consumer and Small Business Banking	Other⁽³⁾
Net interest income ⁽⁴⁾	$ 897	$ 848	$ 49
Noninterest income	615	523	92

Total revenue, net of interest expense	1,512	1,371	141

Provision for credit losses ⁽⁵⁾	535	531	4
Noninterest expense	467	437	30

Income before income taxes	510	403	107
Income tax expense⁽⁴⁾	189	149	40

Net income	$ 321	$ 254	$ 67


	Three Months Ended December 31, 2006
	Total	Global Consumer and Small Business Banking	Other⁽³⁾
Net interest income ⁽⁴⁾	$ 859	$ 781	$ 78
Noninterest income	536	428	108

Total revenue, net of interest expense	1,395	1,209	186

Provision for credit losses ⁽⁵⁾	232	227	5
Noninterest expense	477	411	66

Income before income taxes	686	571	115
Income tax expense⁽⁴⁾	254	211	43

Net income	$ 432	$ 360	$ 72

(1)

Presented on a managed basis.

(2)

Includes Small Business and Business Banking results of the recently acquired LaSalle Bank Corporation beginning on October 1, 2007.

(3)

Includes Mass Market Small Business Banking results within Global Corporate and Investment Banking and Global Wealth and Investment Management.

(4)

Fully taxable-equivalent basis

(5)

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.		19

Bank of America Corporation and Subsidiaries

Mass Market Small Business Banking Results: Relationship View⁽¹⁾

(Dollars in millions)


	Year Ended December 31, 2007⁽²⁾
	Total	Global Consumer and Small Business Banking	Other ⁽³⁾
Net interest income ⁽⁴⁾	$3,555	$3,327	$228
Noninterest income	2,400	2,015	385

Total revenue, net of interest expense	5,955	5,342	613
Provision for credit losses⁽⁵⁾	1,789	1,775	14
Noninterest expense	1,891	1,729	162

Income before income taxes	2,275	1,838	437
Income tax expense⁽⁴⁾	842	680	162

Net income	$1,433	$1,158	$275


	Year Ended December 31, 2006
	Total	Global Consumer and Small Business Banking	Other ⁽³⁾
Net interest income ⁽⁴⁾	$3,248	$3,042	$206
Noninterest income	2,035	1,681	354

Total revenue, net of interest expense	5,283	4,723	560
Provision for credit losses ⁽⁵⁾	754	742	12
Noninterest expense	1,859	1,667	192

Income before income taxes	2,670	2,314	356
Income tax expense⁽⁴⁾	988	856	132

Net income	$1,682	$1,458	$224

(1)

Presented on a managed basis.

(2)

Includes Small Business and Business Banking results of the recently acquired LaSalle Bank Corporation beginning on October 1, 2007.

(3)

Includes Mass Market Small Business Banking results within Global Corporate and Investment Banking and Global Wealth and Investment Management.

(4)

Fully taxable-equivalent basis

(5)

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.		20

Bank of America Corporation and Subsidiaries

Global Corporate and Investment Banking Segment Results ⁽¹⁾

(Dollars in millions)


	Year Ended December 31					Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006
	2007			2006		Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006
Net interest income ⁽²⁾	$ 11,217			$ 9,877		$ 3,408			$ 2,747			$ 2,634		$ 2,428		$ 2,521
Noninterest income:
Service charges	2,769			2,648		760			673			683		653		658
Investment and brokerage services	910			942		222			235			221		232		225
Investment banking income	2,537			2,476		577			436			821		703		756
Trading account profits (losses)	(5,164	)		2,967		(5,434	)		(1,445	)		877		838		429
All other income	1,148			2,251		(314	)		239			671		552		564

Total noninterest income	2,200			11,284		(4,189	)		138			3,273		2,978		2,632

Total revenue, net of interest expense	13,417			21,161		(781	)		2,885			5,907		5,406		5,153
Provision for credit losses	652			9		268			228			41		115		(73	)
Noninterest expense	11,925			11,578		3,359			2,486			3,163		2,917		3,007

Income (loss) before income taxes	840			9,574		(4,408	)		171			2,703		2,374		2,219
Income tax expense (benefit)⁽²⁾	302			3,542		(1,646	)		71			992		885		821

Net income (loss)	$ 538			$ 6,032		$ (2,762	)		$ 100			$ 1,711		$ 1,489		$ 1,398

Net interest yield ⁽²⁾	1.66		%	1.62	%	1.88		%	1.64		%	1.57	%	1.51	%	1.53		%
Return on average equity	1.19			14.33		(20.47	)		0.91			16.34		14.53		13.53
Efficiency ratio ⁽²⁾	88.88			54.71		n/m			86.19			53.53		53.96		58.34

Balance sheet
Average
Total loans and leases	$274,015			$232,623		$325,723			$267,758			$253,895		$247,898		$239,384
Total trading-related assets	362,193			336,860		354,331			356,867			377,171		360,530		361,247
Total market-based earning assets ⁽³⁾	412,326			370,187		406,709			406,947			426,598		409,135		406,786
Total earning assets⁽⁴⁾	676,500			609,100		718,675			663,181			673,184		650,353		652,270
Total assets ⁽⁴⁾	770,360			691,414		823,617			757,583			765,094		734,306		733,303
Total deposits	220,724			194,972		236,254			217,632			220,180		208,561		204,467
Allocated equity	45,299			42,081		53,532			44,013			41,994		41,537		40,982

Period end
Total loans and leases	$324,198			$242,700		$324,198			$275,427			$257,537		$249,861		$242,700
Total trading-related assets	308,315			309,097		308,315			333,107			342,629		333,681		309,097
Total market-based earning assets ⁽³⁾	359,730			348,717		359,730			374,905			386,853		385,285		348,717
Total earning assets ⁽⁴⁾	673,552			599,326		673,552			636,794			637,880		628,831		599,326
Total assets ⁽⁴⁾	776,107			685,935		776,107			738,553			731,361		716,128		685,935
Total deposits	246,788			212,028		246,788			211,577			221,866		210,105		212,028

(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 and Subsidiaries

Global Corporate and Investment Banking Business Results

(Dollars in millions)


	Three Months Ended December 31, 2007
	Total			Business Lending			Capital Markets and Advisory Services ⁽¹⁾			Treasury Services			ALM/ Other
Net interest income ⁽²⁾	$ 3,408			$ 1,730			$ 835			$ 991			$(148	)
Noninterest income:
Service charges	760			144			35			580			1
Investment and brokerage services	222			1			212			10			(1	)
Investment banking income	577			—			577			—			—
Trading account profits (losses)	(5,434	)		(137	)		(5,321	)		17			7
All other income	(314	)		192			(888	)		291			91

Total noninterest income	(4,189	)		200			(5,385	)		898			98

Total revenue, net of interest expense	(781	)		1,930			(4,550	)		1,889			(50	)

Provision for credit losses	268			277			(6	)		(1	)		(2	)
Noninterest expense	3,359			582			1,517			1,207			53

Income (loss) before income taxes	(4,408	)		1,071			(6,061	)		683			(101	)
Income tax expense (benefit)⁽²⁾	(1,646	)		397			(2,246	)		252			(49	)

Net income (loss)	$ (2,762	)		$ 674			$ (3,815	)		$ 431			$ (52	)

Net interest yield ⁽²⁾	1.88		%	2.32		%	n/m			2.81		%	n/m
Return on average equity	(20.47	)		13.49			(98.11	)	%	21.65			n/m
Efficiency ratio ⁽²⁾	n/m			30.24			n/m			63.97			n/m
Average - total loans and leases	$325,723			$293,974			$ 26,084			$ 5,654			n/m
Average - total deposits	236,254			n/m			73,996			161,949			n/m
Period end - total assets ⁽³⁾	776,107			305,548			413,115			180,369			n/m

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

Net income (loss)	$ 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			39.74			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			254,495			430,915			157,134			n/m

	Three Months Ended December 31, 2006
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽²⁾	$ 2,521			$ 1,130			$ 487			$ 975			$ (71	)
Noninterest income:
Service charges	658			129			30			500			(1	)
Investment and brokerage services	225			1			214			8			2
Investment banking income	756			—			756			—			—
Trading account profits	429			10			406			13			—
All other income	564			103			169			270			22

Total noninterest income	2,632			243			1,575			791			23

Total revenue, net of interest expense	5,153			1,373			2,062			1,766			(48	)

Provision for credit losses	(73	)		(91	)		6			(3	)		15
Noninterest expense	3,007			524			1,471			883			129

Income (loss) before income taxes	2,219			940			585			886			(192	)
Income tax expense (benefit)⁽²⁾	821			348			216			328			(71	)

Net income (loss)	$ 1,398			$ 592			$ 369			$ 558			$(121	)

Net interest yield ⁽²⁾	1.53		%	1.89		%	n/m			2.87		%	n/m
Return on average equity	13.53			15.95			13.51		%	28.65			n/m
Efficiency ratio ⁽²⁾	58.34			38.04			71.34			49.80			n/m
Average - total loans and leases	$239,384			$222,352			$ 12,507			$ 4,509			n/m
Average - total deposits	204,467			n/m			55,788			148,422			n/m
Period end - total assets ⁽³⁾	685,935			248,225			385,450			167,979			n/m

(1)

Includes $26 million and $22 million of net interest income on loans for which the fair value option has been elected and is not considered market-based income for the three months ended December 31, 2007 and September 30, 2007.

(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 and Subsidiaries

Global Corporate and Investment Banking Business Results

(Dollars in millions)


	Year Ended December 31, 2007
	Total			Business Lending			Capital Markets and Advisory Services ⁽¹⁾			Treasury Services			ALM/ Other
Net interest income ⁽²⁾	$ 11,217			$ 5,020			$ 2,786			$ 3,814			$(403	)
Noninterest income:
Service charges	2,769			507			134			2,128			—
Investment and brokerage services	910			1			867			42			—
Investment banking income	2,537			—			2,537			—			—
Trading account profits (losses)	(5,164	)		(180	)		(5,050	)		63			3
All other income	1,148			824			(971	)		1,092			203

Total noninterest income	2,200			1,152			(2,483	)		3,325			206

Total revenue, net of interest expense	13,417			6,172			303			7,139			(197	)

Provision for credit losses	652			647			—			5			—
Noninterest expense	11,925			2,158			5,642			3,856			269

Income (loss) before income taxes	840			3,367			(5,339	)		3,278			(466	)
Income tax expense (benefit)⁽²⁾	302			1,246			(1,977	)		1,213			(180	)

Net income (loss)	$ 538			$ 2,121			$ (3,362	)		$ 2,065			$(286	)

Net interest yield ⁽²⁾	1.66		%	2.00		%	n/m			2.79		%	n/m
Return on average equity	1.19			13.12			(25.41	)	%	26.31			n/m
Efficiency ratio ⁽²⁾	88.88			34.98			n/m			54.02			n/m
Average - total loans and leases	$274,015			$248,569			$ 20,416			$ 5,017			n/m
Average - total deposits	220,724			n/m			66,730			153,741			n/m
Period end - total assets ⁽³⁾	776,107			305,548			413,115			180,369			n/m

	Year Ended December 31, 2006
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income ⁽²⁾	$ 9,877			$ 4,575			$ 1,660			$ 3,878			$(236	)
Noninterest income:
Service charges	2,648			501			121			2,026			—
Investment and brokerage services	942			15			893			33			1
Investment banking income	2,476			—			2,476			—			—
Trading account profits	2,967			55			2,847			52			13
All other income	2,251			469			478			1,223			81

Total noninterest income	11,284			1,040			6,815			3,334			95

Total revenue, net of interest expense	21,161			5,615			8,475			7,212			(141	)

Provision for credit losses	9			(2	)		14			(3	)		—
Noninterest expense	11,578			2,047			5,799			3,561			171

Income (loss) before income taxes	9,574			3,570			2,662			3,654			(312	)
Income tax expense (benefit)⁽²⁾	3,542			1,321			985			1,352			(116	)

Net income (loss)	$ 6,032			$ 2,249			$ 1,677			$ 2,302			$(196	)

Net interest yield ⁽²⁾	1.62		%	1.98		%	n/m			2.86		%	n/m
Return on average equity	14.33			14.36			15.17		%	28.71			n/m
Efficiency ratio ⁽²⁾	54.71			36.45			68.42			49.36			n/m
Average - total loans and leases	$232,623			$217,249			$ 11,114			$ 4,243			n/m
Average - total deposits	194,972			n/m			48,234			146,463			n/m
Period end - total assets ⁽³⁾	685,935			248,225			385,450			167,979			n/m

(1)

Includes $70 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 and Subsidiaries

Global Corporate and Investment Banking Business Results: Customer Relationship View

(Dollars in millions)


	Three Months Ended December 31, 2007
	Total			Commercial			Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$ 3,408			$ 2,303			$ 1,250			$(145	)
Noninterest income:
Service charges	760			384			376			—
Investment and brokerage services	222			8			214			—
Investment banking income	577			26			550			1
Trading account profits (losses)	(5,434	)		(123	)		(5,317	)		6
All other income	(314	)		515			(836	)		7

Total noninterest income	(4,189	)		810			(5,013	)		14

Total revenue, net of interest expense	(781	)		3,113			(3,763	)		(131	)

Provision for credit losses	268			301			(33	)		—
Noninterest expense	3,359			1,171			2,081			107

Income (loss) before income taxes	(4,408	)		1,641			(5,811	)		(238	)
Income tax expense (benefit)⁽¹⁾	(1,646	)		607			(2,154	)		(99	)

Net income (loss)	$ (2,762	)		$ 1,034			$ (3,657	)		$(139	)

Net interest yield ⁽¹⁾	1.88		%	3.69		%	n/m			n/m
Return on average equity	(20.47	)		19.30			(66.39	)	%	n/m
Efficiency ratio ⁽¹⁾	n/m			37.61			n/m			n/m
Average - total loans and leases	$325,723			$242,616			$ 82,915			n/m
Average - total deposits	236,254			97,353			138,777			n/m
Period end - total assets ⁽²⁾	776,107			268,520			482,807			n/m

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

Net income (loss)	$ 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 December 31, 2006
	Total			Commercial			Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$ 2,521			$ 1,717			$ 912			$(108	)
Noninterest income:
Service charges	658			300			358			—
Investment and brokerage services	225			8			216			1
Investment banking income	756			22			733			1
Trading account profits	429			7			422			—
All other income	564			434			120			10

Total noninterest income	2,632			771			1,849			12

Total revenue, net of interest expense	5,153			2,488			2,761			(96	)

Provision for credit losses	(73	)		7			(95	)		15
Noninterest expense	3,007			836			2,018			153

Income (loss) before income taxes	2,219			1,645			838			(264	)
Income tax expense (benefit)⁽¹⁾	821			609			310			(98	)

Net income (loss)	$ 1,398			$ 1,036			$ 528			$(166	)

Net interest yield ⁽¹⁾	1.53		%	3.61		%	n/m			n/m
Return on average equity	13.53			24.98			12.51		%	n/m
Efficiency ratio ⁽¹⁾	58.34			33.61			73.09			n/m
Average - total loans and leases	$239,384			$184,754			$ 54,447			n/m
Average - total deposits	204,467			87,471			116,915			n/m
Period end - total assets ⁽²⁾	685,935			211,947			455,901			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 and Subsidiaries

Global Corporate and Investment Banking Business Results: Customer Relationship View

(Dollars in millions)


	Year Ended December 31, 2007
	Total			Commercial			Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$ 11,217			$ 7,286			$ 4,401			$(470	)
Noninterest income:
Service charges	2,769			1,325			1,441			3
Investment and brokerage services	910			33			877			—
Investment banking income	2,537			82			2,453			2
Trading account profits (losses)	(5,164	)		(146	)		(5,019	)		1
All other income	1,148			1,888			(819	)		79

Total noninterest income	2,200			3,182			(1,067	)		85

Total revenue, net of interest expense	13,417			10,468			3,334			(385	)

Provision for credit losses	652			601			45			6
Noninterest expense	11,925			3,770			7,896			259

Income (loss) before income taxes	840			6,097			(4,607	)		(650	)
Income tax expense (benefit)⁽¹⁾	302			2,256			(1,707	)		(247	)

Net income (loss)	$ 538			$ 3,841			$ (2,900	)		$(403	)

Net interest yield ⁽¹⁾	1.66		%	3.47		%	n/m			n/m
Return on average equity	1.19			21.39			(15.13	)	%	n/m
Efficiency ratio ⁽¹⁾	88.88			36.02			n/m			n/m
Average - total loans and leases	$274,015			$205,732			$ 68,247			n/m
Average - total deposits	220,724			89,700			130,904			n/m
Period end - total assets ⁽²⁾	776,107			268,520			482,807			n/m

	Year Ended December 31, 2006
	Total			Commercial			Corporate and Investment Bank			Other
Net interest income ⁽¹⁾	$ 9,877			$ 6,896			$ 3,410			$(429	)
Noninterest income:
Service charges	2,648			1,224			1,422			2
Investment and brokerage services	942			40			901			1
Investment banking income	2,476			59			2,416			1
Trading account profits	2,967			60			2,894			13
All other income	2,251			1,874			349			28

Total noninterest income	11,284			3,257			7,982			45

Total revenue, net of interest expense	21,161			10,153			11,392			(384	)

Provision for credit losses	9			216			(196	)		(11	)
Noninterest expense	11,578			3,342			7,808			428

Income (loss) before income taxes	9,574			6,595			3,780			(801	)
Income tax expense (benefit)⁽¹⁾	3,542			2,440			1,399			(297	)

Net income (loss)	$ 6,032			$ 4,155			$ 2,381			$(504	)

Net interest yield ⁽¹⁾	1.62		%	3.72		%	n/m			n/m
Return on average equity	14.33			24.35			13.56		%	n/m
Efficiency ratio ⁽¹⁾	54.71			32.92			68.54			n/m
Average - total loans and leases	$232,623			$181,868			$ 50,689			n/m
Average - total deposits	194,972			87,930			106,957			n/m
Period end - total assets ⁽²⁾	685,935			211,947			455,901			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 and Subsidiaries

Global Corporate and Investment Banking - Business Lending Key Indicators

(Dollars in millions)


	Year Ended December 31						Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Business lending revenue, net of interest expense
Corporate lending⁽¹⁾	$ 813			$ 671			$ 257			$ 175			$ 200			$ 181			$ 153
Commercial lending	4,745			4,222			1,609			1,043			1,102			991			1,045
Consumer indirect lending	614			722			64			170			201			179			175

Total revenue, net of interest expense	$ 6,172			$ 5,615			$ 1,930			$ 1,388			$ 1,503			$ 1,351			$ 1,373

Business lending margin
Corporate lending	1.08		%	1.30		%	1.11		%	0.82		%	1.18		%	1.21		%	1.32		%
Commercial lending	1.67			1.62			2.15			1.46			1.49			1.44			1.52
Consumer indirect lending	1.68			1.79			1.65			1.71			1.72			1.66			1.78
Provision for credit losses
Corporate lending	$ 42			$ (208	)		$ (26	)		$ 66			$ (3	)		$ 5			$ (101	)
Commercial lending	186			(67	)		141			65			(4	)		(16	)		(60	)
Consumer indirect lending	419			273			162			102			41			114			70

Total provision for credit losses	$ 647			$ (2	)		$ 277			$ 233			$ 34			$ 103			$ (91	)

Credit quality (% vs. loans) ^{(2, 3, 4)}
Criticized exposure
Corporate lending	$ 2,122			$ 1,289			$ 2,122			$ 1,538			$ 770			$ 934			$ 1,289
	2.45		%	1.85		%	2.45		%	1.98		%	0.95		%	1.23		%	1.85		%
Commercial lending	$ 13,424			$ 4,987			$ 13,424			$ 8,005			$ 5,634			$ 5,509			$ 4,987
	5.50		%	2.80		%	5.50		%	4.24		%	3.13		%	3.09		%	2.80		%

Total criticized exposure	$ 15,546			$ 6,276			$ 15,546			$ 9,543			$ 6,404			$ 6,443			$ 6,276
	4.71		%	2.54		%	4.71		%	3.58		%	2.45		%	2.54		%	2.54		%
Nonperforming assets
Corporate lending	$ 115			$ 138			$ 115			$ 269			$ 21			$ 29			$ 138
	0.24		%	0.39		%	0.24		%	0.62		%	0.06		%	0.08		%	0.39		%
Commercial lending	$ 1,534			$ 487			$ 1,534			$ 765			$ 688			$ 564			$ 487
	0.63		%	0.33		%	0.63		%	0.49		%	0.46		%	0.38		%	0.33		%

Total nonperforming assets	$ 1,649			$ 625			$ 1,649			$ 1,034			$ 709			$ 593			$ 625
	0.57		%	0.34		%	0.57		%	0.52		%	0.38		%	0.32		%	0.34		%
Average loans and leases by product
Commercial	$126,726			$111,848			$150,903			$121,197			$116,596			$117,907			$115,366
Leases	22,383			20,454			24,273			22,052			21,725			21,454			20,908
Foreign	17,246			13,131			22,035			17,430			14,977			14,456			13,912
Real estate	39,984			34,800			55,167			36,120			34,477			33,981			34,422
Consumer	40,215			34,770			39,613			40,956			40,792			39,489			35,539
Other	2,015			2,246			1,983			1,939			1,972			2,169			2,205

Total average loans and leases	$248,569			$217,249			$293,974			$239,694			$230,539			$229,456			$222,352


(1) Total corporate lending revenue	*$ 813*			$ 671			*$ 257*			$ 175			$ 200			$ 181			$ 153
Less: impact of credit mitigation	*(14*	)		(222	)		7			(7	)		(3	)		(11	)		(63	)

Corporate lending revenues excluding credit mitigation	*$ 827*			$ 893			*$ 250*			$ 182			$ 203			$ 192			$ 216

(2)

Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The criticized exposure is 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 exposure 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 and Subsidiaries

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

(Dollars in millions)


	Year Ended December 31			Fourth Quarter 2007		Third Quarter 2007		Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006
	2007		2006	Fourth Quarter 2007		Third Quarter 2007		Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006
Investment banking income
Advisory fees	$ 446		$ 337	$ 112		$ 94		$ 110	$ 130	$ 123
Debt underwriting	1,772		1,824	377		281		611	503	549
Equity underwriting	319		315	88		61		100	70	84

Total investment banking income	2,537		2,476	577		436		821	703	756

Sales and trading
Fixed income:
Liquid products	2,111		2,158	584		568		545	414	441
Credit products	(537	)	821	(455	)	(885	)	326	477	146
Structured products	(5,176	)	1,449	(5,480	)	(569	)	521	352	346

Total fixed income	(3,602	)	4,428	(5,351	)	(886	)	1,392	1,243	933
Equity income	1,298		1,571	198		244		435	421	373

Total sales and trading	(2,304	)	5,999	(5,153	)	(642	)	1,827	1,664	1,306

Total Capital Markets and Advisory Services market-based revenue⁽¹⁾	$ 233		$ 8,475	$ (4,576	)	$ (206	)	$ 2,648	$ 2,367	$ 2,062

Balance sheet (average)
Trading account securities	$185,020		$142,735	$188,925		$192,844		$185,839	$172,203	$164,545
Reverse repurchases	60,187		73,467	51,266		52,436		70,821	66,476	74,845
Securities borrowed	88,856		97,077	84,399		81,404		92,056	97,795	98,371
Derivative assets	26,439		22,200	28,297		28,625		26,660	22,080	21,470

Total trading-related assets	$360,502		$335,479	$352,887		$355,309		$375,376	$358,554	$359,231

Sales credits from secondary trading
Liquid products	1,157		990	273		323		284	277	249
Credit products	1,257		818	270		359		335	293	233
Structured products	713		657	129		154		217	213	168
Equities	1,126		1,027	262		277		303	284	250

Total sales credits	4,253		3,492	934		1,113		1,139	1,067	900

Volatility of product revenues - 1 std dev
Liquid products	$ 11.7		$ 7.0	$ 10.4		$ 16.3		$ 9.0	$ 9.1	$ 7.2
Credit products	15.7		3.4	12.0		21.8		6.3	6.0	2.9
Structured products	207.8		5.2	408.1		33.5		7.2	7.6	5.6
Equities	9.9		4.5	7.3		16.3		6.3	4.9	4.2
Total volatility	208.9		10.1	405.5		54.9		16.2	14.8	12.5

(1)

Market-based revenue for the year ended December 31, 2007, and the three months ended December 31, 2007, September 30, 2007 and June 30, 2007, excludes $70 million, $26 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 and Subsidiaries

Global Corporate and 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

Highlights

•

Top 5 rankings in:

Syndicated loans

Leveraged loans

Investment grade

Asset-backed securities


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

Bank of America Corporation and Subsidiaries

Special Purpose Entities Liquidity Exposure

(Dollars in millions)


	December 31, 2007
	VIEs⁽¹⁾		QSPEs ⁽²⁾	Total
	Consolidated	Unconsolidated	Unconsolidated	Total
Corporation-sponsored multi-seller conduits	$16,984	$47,335	$ —	$ 64,319
Collateralized debt obligations	3,240	9,026	—	12,266
Asset acquisition conduits	1,623	6,399	—	8,022
Municipal bond trusts and other SPEs	7,359	3,120	7,251	17,730
Customer-sponsored conduits	—	1,724	—	1,724

Total liquidity exposure	$29,206	$67,604	$7,251	$104,061


	September 30, 2007
	VIEs⁽¹⁾		QSPEs ⁽²⁾	Total
	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

(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 the majority of the expected losses or expected residual returns of the VIEs or both. 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 and Subsidiaries

Collateralized Debt Obligation Exposure⁽¹⁾

December 31, 2007

(Dollars in millions)


	Subprime Exposure⁽²⁾						Non-Subprime Exposure⁽³⁾						Total CDOs
	Gross		Insured		Net		Gross		Insured		Net		Gross		Insured		Net
Super Senior Liquidity Commitments
High grade	$	4,610	$	1,800	$	2,810	$	3,053	$	—	$	3,053	$	7,663	$	1,800	$	5,863
Mezzanine		363		—		363		—		—		—		363		—		363
CDO²		4,240		—		4,240		—		—		—		4,240		—		4,240

Total Super Senior Liquidity Commitments		9,213		1,800		7,413		3,053		—		3,053		12,266		1,800		10,466

Other Super Senior Exposure
High grade		4,010		2,110		1,900		1,192		734		458		5,202		2,844		2,358
Mezzanine		1,547		—		1,547		—		—		—		1,547		—		1,547
CDO²		1,685		410		1,275		—		—		—		1,685		410		1,275

Total Other Super Senior Exposure		7,242		2,520		4,722		1,192		734		458		8,434		3,254		5,180

Total Super Senior, before writedowns	$	16,455	$	4,320	$	12,135	$	4,245	$	734	$	3,511	$	20,700	$	5,054	$	15,646

Warehouse⁽⁴⁾	$	314		n/a	$	314	$	501		n/a	$	501	$	815		n/a	$	815
Sales and Trading^{(4, 5)}		279		n/a		279		742		n/a		742		1,021		n/a		1,021

(1)

Super senior exposure shown before writedowns.

(2)

Classified as subprime when subprime consumer real estate loans make up at least 35 percent of the ultimate underlying collateral.

(3)

Includes CLO and CMBS Super Senior exposure.

(4)

Amount represents net market value of warehouse and sales and trading positions.

(5)

Amount excludes net short derivative hedge positions with notional values of $750 million and $323 million for subprime and non-subprime exposure.

n/a - not applicable

Subprime Collateralized Debt Obligation Exposure⁽¹⁾

December 31, 2007

(Dollars in millions)


	Before Writedowns		Writedowns			Net of Writedowns
Super Senior Liquidity Commitments
High grade	$	2,810	$	(640	)	$	2,170
Mezzanine		363		(5	)		358
CDO²		4,240		(2,013	)		2,227

Total Super Senior Liquidity Commitments		7,413		(2,658	)		4,755

Other Super Senior Exposure
High grade		1,900		(233	)		1,667
Mezzanine		1,547		(752	)		795
CDO²		1,275		(316	)		959

Total Other Super Senior Exposure		4,722		(1,301	)		3,421

Total Super Senior	$	12,135	$	(3,959	)	$	8,176

(1)

Classified as subprime when subprime consumer real estate loans make up at least 35 percent of the ultimate underlying collateral.


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

Bank of America Corporation and Subsidiaries

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

(Dollars in millions, except as noted)


	Year Ended December 31						Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Net interest income ⁽³⁾	$ 3,857			$ 3,671			$ 964			$ 1,009			$ 958			$ 926			$ 924
Noninterest income:
Investment and brokerage services	4,210			3,383			1,181			1,147			972			910			889
All other income	(144	)		303			(318	)		44			78			52			86

Total noninterest income	4,066			3,686			863			1,191			1,050			962			975

Total revenue, net of interest expense	7,923			7,357			1,827			2,200			2,008			1,888			1,899
Provision for credit losses	14			(39	)		34			(29	)		(14	)		23			2
Noninterest expense	4,635			3,867			1,318			1,274			1,033			1,010			987

Income before income taxes	3,274			3,529			475			955			989			855			910
Income tax expense⁽³⁾	1,179			1,306			141			356			363			319			337

Net income	$ 2,095			$ 2,223			$ 334			$ 599			$ 626			$ 536			$ 573

Net interest yield ⁽³⁾	3.06		%	3.50		%	2.78		%	3.12		%	3.17		%	3.19		%	3.34		%
Return on average equity	18.87			22.28			10.56			19.98			25.27			21.75			22.55
Efficiency ratio ⁽³⁾	58.50			52.57			72.15			57.91			51.40			53.54			51.94

Balance sheet
Average
Total loans and leases	$ 73,469			$ 60,910			$ 82,809			$ 77,041			$ 67,962			$ 65,839			$ 63,936
Total earning assets ⁽⁴⁾	126,244			105,028			137,610			128,345			121,122			117,657			109,730
Total assets ⁽⁴⁾	135,319			112,557			148,769			138,394			128,587			125,235			117,287
Total deposits	124,867			102,389			138,159			127,819			118,246			114,955			106,324
Allocated equity	11,099			9,978			12,540			11,887			9,944			9,987			10,090

Period end
Total loans and leases	$ 84,600			$ 65,535			$ 84,600			$ 78,324			$ 69,217			$ 66,695			$ 65,535
Total earning assets ⁽⁴⁾	145,979			117,342			145,979			130,428			121,927			120,801			117,342
Total assets ⁽⁴⁾	157,157			125,287			157,157			139,955			129,636			128,619			125,287
Total deposits	144,865			113,568			144,865			130,533			118,972			118,124			113,568

Client assets
Assets under management	$643,531			$542,977			$643,531			$709,955			$566,267			$547,448			$542,977
Client brokerage assets ⁽⁵⁾	222,661			203,799			222,661			217,916			213,711			209,106			203,799
Assets in custody	167,575			107,902			167,575			158,756			109,360			109,163			107,902
Less: Client brokerage assets and assets in custody included in assets under management	(87,071	)		(67,509	)		(87,071	)		(87,386	)		(80,784	)		(73,793	)		(67,509	)

Total net client assets	$946,696			$787,169			$946,696			$999,241			$808,554			$791,924			$787,169

(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 operations of the acquired U.S. Trust Corporation were combined with the former Private Bank creating U.S. Trust, Bank of America Private Wealth Management. The results of the combined business were reported for periods beginning on July 1, 2007. Prior to July 1, 2007, the results solely reflect that of the former Private Bank.

(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.		31

Bank of America Corporation and Subsidiaries

Global Wealth and Investment Management Business Results

(Dollars in millions)


	Three Months Ended December 31, 2007
	Total			U.S. Trust ⁽¹⁾			Columbia Management			Premier Banking and Investments ⁽²⁾		ALM/ Other
Net interest income ⁽³⁾	$ 964			$ 298			$ 7			$ 646		$ 13
Noninterest income:
Investment and brokerage services	1,181			387			499			246		49
All other income	(318	)		19			(385	)		41		7

Total noninterest income	863			406			114			287		56

Total revenue, net of interest expense	1,827			704			121			933		69
Provision for credit losses	34			11			—			22		1
Noninterest expense	1,318			494			334			444		46

Income (loss) before income taxes	475			199			(213	)		467		22
Income tax expense (benefit)⁽³⁾	141			74			(79	)		173		(27	)

Net income (loss)	$ 334			$ 125			$ (134	)		$ 294		$ 49

Net interest yield ⁽³⁾	2.78		%	2.57		%	n/m			2.42	%	n/m
Return on average equity	10.56			12.15			(27.81	)	%	53.21		n/m
Efficiency ratio ⁽³⁾	72.15			70.17			n/m			47.64		n/m
Average - total loans and leases	$ 82,809			$46,036			n/m			$ 36,737		n/m
Average - total deposits	138,159			31,641			n/m			105,907		n/m
Period end - total assets ⁽⁴⁾	157,157			51,044			$ 2,617			113,329		n/m

	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			$ 289			$ 5			$ 679		$ 36
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			669			488			956		87
Provision for credit losses	(29	)		(34	)		—			5		—
Noninterest expense	1,274			481			307			425		61

Income before income taxes	955			222			181			526		26
Income tax expense ⁽³⁾	356			82			67			195		12

Net income	$ 599			$ 140			$ 114			$ 331		$ 14

Net interest yield ⁽³⁾	3.12		%	2.76		%	n/m			2.74	%	n/m
Return on average equity	19.98			14.75			26.59		%	81.10		n/m
Efficiency ratio ⁽³⁾	57.91			71.85			62.91			44.49		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			46,036			$ 2,568			102,224		n/m

	Three Months Ended December 31, 2006
	Total			U.S. Trust ⁽¹⁾			Columbia Management			Premier Banking and Investments ⁽²⁾		ALM/ Other
Net interest income ⁽³⁾	$ 924			$ 226			$ (3	)		$ 650		$ 51
Noninterest income:
Investment and brokerage services	889			223			417			209		40
All other income	86			10			6			35		35

Total noninterest income	975			233			423			244		75

Total revenue, net of interest expense	1,899			459			420			894		126
Provision for credit losses	2			—			—			2		—
Noninterest expense	987			310			276			400		1

Income before income taxes	910			149			144			492		125
Income tax expense⁽³⁾	337			55			53			182		47

Net income	$ 573			$ 94			$ 91			$ 310		$ 78

Net interest yield ⁽³⁾	3.34		%	2.81		%	n/m			2.91	%	n/m
Return on average equity	22.55			23.46			22.15		%	70.00		n/m
Efficiency ratio ⁽³⁾	51.94			67.58			65.60			44.68		n/m
Average - total loans and leases	$ 63,936			$31,889			n/m			$ 32,031		n/m
Average - total deposits	106,324			17,710			n/m			88,572		n/m
Period end - total assets ⁽⁴⁾	125,287			33,648			$ 3,082			93,992		n/m

(1)

(2)

For the three months ended December 31, 2007, September 30, 2007 and December 31, 2006, a total of $2.4 billion, $2.6 billion and $3.7 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.


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

Bank of America Corporation and Subsidiaries

Global Wealth and Investment Management Business Results

(Dollars in millions)


	Year Ended December 31, 2007
	Total		U.S. Trust ⁽¹⁾		Columbia Management		Premier Banking and Investments ⁽²⁾		ALM/ Osther
Net interest income ⁽³⁾	$ 3,857		$ 1,036		$ 15		$ 2,655		$151
Noninterest income:
Investment and brokerage services	4,210		1,226		1,857		950		177
All other income	(144)		57		(366)		146		19

Total noninterest income	4,066		1,283		1,491		1,096		196

Total revenue, net of interest expense	7,923		2,319		1,506		3,751		347
Provision for credit losses	14		(14)		—		27		1
Noninterest expense	4,635		1,592		1,196		1,700		147

Income before income taxes	3,274		741		310		2,024		199
Income tax expense⁽³⁾	1,179		274		114		749		42

Net income	$ 2,095		$ 467		$ 196		$ 1,275		$157

Net interest yield ⁽³⁾	3.06	%	2.69	%	n/m		2.70	%	n/m
Return on average equity	18.87		17.25		11.29	%	72.44		n/m
Efficiency ratio ⁽³⁾	58.50		68.67		79.39		45.31		n/m
Average - total loans and leases	$ 73,469		$38,529		n/m		$ 34,915		n/m
Average - total deposits	124,867		25,722		n/m		98,543		n/m
Period end - total assets ⁽⁴⁾	157,157		51,044		$2,617		$113,329		n/m

	Year Ended December 31, 2006
	Total		U.S. Trust ⁽¹⁾		Columbia Management		Premier Banking and Investments ⁽²⁾		ALM/ Other
Net interest income ⁽³⁾	$ 3,671		$ 902		$ (37)		$ 2,552		$254
Noninterest income:
Investment and brokerage services	3,383		914		1,532		778		159
All other income	303		80		44		125		54

Total noninterest income	3,686		994		1,576		903		213

Total revenue, net of interest expense	7,357		1,896		1,539		3,455		467
Provision for credit losses	(39)		(52)		—		12		1
Noninterest expense	3,867		1,233		1,014		1,560		60

Income before income taxes	3,529		715		525		1,883		406
Income tax expense⁽³⁾	1,306		265		194		697		150

Net income	$ 2,223		$ 450		$ 331		$ 1,186		$256

Net interest yield ⁽³⁾	3.50	%	2.94	%	n/m		2.98	%	n/m
Return on average equity	22.28		30.43		20.42	%	70.57		n/m
Efficiency ratio ⁽³⁾	52.57		65.04		65.88		45.15		n/m
Average - total loans and leases	$ 60,910		$30,740		n/m		$ 30,152		n/m
Average - total deposits	102,389		16,387		n/m		85,949		n/m
Period end - total assets ⁽⁴⁾	125,287		33,648		$3,082		93,992		n/m

(1)

(2)

For the years ended December 31, 2007 and 2006, a total of $11.4 billion and $10.7 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.


This information is preliminary and based on company data available at the time of the presentation.		33

Bank of America Corporation and Subsidiaries

Global Wealth and Investment Management - Key Indicators

(Dollars in millions, except as noted)


	Year Ended December 31						Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
	2007			2006			Fourth Quarter 2007			Third Quarter 2007			Second Quarter 2007			First Quarter 2007			Fourth Quarter 2006
Investment and Brokerage Services
U.S. Trust ⁽¹⁾
Asset management fees	$ 1,196			$ 889			$ 379			$ 357			$ 242			$ 218			$ 217
Brokerage income	30			25			8			8			8			6			6

Total	$ 1,226			$ 914			$ 387			$ 365			$ 250			$ 224			$ 223


Columbia Management
Asset management fees	$ 1,854			$ 1,528			$ 499			$ 489			$ 444			$ 422			$ 416
Brokerage income	3			4			—			1			1			1			1

Total	$ 1,857			$ 1,532			$ 499			$ 490			$ 445			$ 423			$ 417

Premier Banking and Investments
Asset management fees	$ 302			$ 216			$ 81			$ 81			$ 73			$ 67			$ 60
Brokerage income	648			562			165			162			167			154			149

Total	$ 950			$ 778			$ 246			$ 243			$ 240			$ 221			$ 209

ALM/Other
Asset management fees	$ 177			$ 159			$ 49			$ 49			$ 37			$ 42			$ 40
Brokerage income	—			—			—			—			—			—			—

Total	$ 177			$ 159			$ 49			$ 49			$ 37			$ 42			$ 40

Total Global Wealth and Investment Management
Asset management fees	$ 3,529			$ 2,792			$ 1,008			$ 976			$ 796			$ 749			$ 733
Brokerage income	681			591			173			171			176			161			156

Total investment and brokerage services	$ 4,210			$ 3,383			$ 1,181			$ 1,147			$ 972			$ 910			$ 889


Assets Under Management ⁽²⁾

Assets under management by business:
U.S. Trust ⁽¹⁾	$225,209			$139,172			$225,209			$225,297			$144,054			$140,521			$139,172
Columbia Management	439,053			433,426			439,053			511,996			453,092			438,651			433,426
Retirement and GWIM Client Solutions ⁽³⁾	42,814			31,197			42,814			44,512			27,043			25,481			31,197
Premier Banking and Investments	22,915			18,640			22,915			21,392			22,183			20,312			18,640
Eliminations ⁽⁴⁾	(87,085	)		(81,435	)		(87,085	)		(94,255	)		(81,653	)		(79,568	)		(81,435	)
International Wealth Management	625			1,977			625			1,013			1,548			2,051			1,977

Total assets under management	$643,531			$542,977			$643,531			$709,955			$566,267			$547,448			$542,977

Assets under management rollforward:
Beginning balance	$542,977			$482,394			$709,955			$566,267			$547,448			$542,977			$517,055
Net flows ⁽³⁾	25,271			37,873			(2,226	)		18,066			7,763			1,668			16,604
Market valuation/other	75,283			22,710			(64,198	)		125,622			11,056			2,803			9,318

Ending balance	$643,531			$542,977			$643,531			$709,955			$566,267			$547,448			$542,977

Assets under management mix:
Money market/other	$246,213			$208,549			$246,213			$246,748			$213,481			$208,482			$208,549
Fixed income	111,217			86,665			111,217			109,117			83,425			84,504			86,665
Equity	286,101			247,763			286,101			354,090			269,361			254,462			247,763

Total assets under management	$643,531			$542,977			$643,531			$709,955			$566,267			$547,448			$542,977

Client Brokerage Assets	$222,661			$203,799			$222,661			$217,916			$213,711			$209,106			$203,799

Premier Banking and Investments Metrics
Client facing associates
Number of client managers	2,548			2,420			2,548			2,505			2,498			2,525			2,420
Number of financial advisors	1,950			1,954			1,950			1,847			1,888			1,927			1,954
All other	1,079			1,207			1,079			1,020			1,094			1,218			1,207

Total client facing associates	5,577			5,581			5,577			5,372			5,480			5,670			5,581

Financial Advisor Productivity ⁽⁵⁾ (in thousands)	$ 445			$ 373			$ 113			$ 116			$ 114			$ 102			$ 98
Total client balances ⁽⁶⁾	$309,190			$279,659			$309,190			$299,275			$292,455			$288,138			$279,659
Number of Households with Banking and Brokerage Relationships (in thousands)	277			244			277			267			256			248			244

U.S. Trust Metrics⁽¹⁾
Client facing associates	4,201			2,121			4,201			3,911			2,105			2,144			2,121
Total client balances ⁽⁶⁾	$380,687			$219,911			$380,687			$360,864			$227,086			$222,414			$219,911

Columbia Management Performance Metrics
# of 4 or 5 Star Funds by Morningstar	48			35			48			47			40			38			35
% of Assets Under Management in 4 or 5 Star Rated Funds ⁽⁷⁾	68		%	57		%	68		%	55		%	51		%	58		%	57		%

(1)

(2)

The acquisition of LaSalle Bank Corporation contributed $7.5 billion to assets under management in fourth quarter 2007. The acquisition of U.S. Trust Corporation contributed $115.6 billion to assets under management in third quarter 2007. The sale of Marsico Capital Management resulted in a $60.9 billion decrease in assets under management in fourth quarter 2007 (including a $5.3 billion reduction in eliminations).

(3)

First quarter 2007 balances were impacted by one large $5.4 billion outflow related to one large institutional client in 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.		34

Bank of America Corporation and Subsidiaries

All Other Results ⁽¹⁾

(Dollars in millions)


	Year Ended December 31				Fourth Quarter 2007		Third Quarter 2007		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006
	2007		2006		Fourth Quarter 2007		Third Quarter 2007		Second Quarter 2007		First Quarter 2007		Fourth Quarter 2006
Net interest income ⁽²⁾	$ (7,701	)	$ (5,930	)	$ (1,958	)	$ (2,031	)	$ (1,943	)	$ (1,769	)	$ (1,628	)
Noninterest income:
Card income	2,816		3,795		680		739		676		721		826
Equity investment income	3,745		2,872		278		852		1,719		896		1,031
Gains (losses) on sales of debt securities	180		(475	)	110		7		2		61		9
All other income	6		98		652		(333	)	(255	)	(58	)	(119	)

Total noninterest income	6,747		6,290		1,720		1,265		2,142		1,620		1,747

Total revenue, net of interest expense	(954	)	360		(238	)	(766	)	199		(149	)	119
Provision for credit losses ⁽³⁾	(5,210	)	(3,494	)	(1,295	)	(1,290	)	(1,311	)	(1,314	)	(1,136	)
Merger and restructuring charges	410		805		140		84		75		111		244
All other noninterest expense	(20	)	972		(33	)	(272	)	(89	)	374		71

Income before income taxes	3,866		2,077		950		712		1,524		680		940
Income tax expense ⁽²⁾	947		577		125		165		536		121		249

Net income	$ 2,919		$ 1,500		$ 825		$ 547		$ 988		$ 559		$ 691

Balance sheet
Average
Total loans and leases	$100,860		$70,753		$105,898		$104,061		$101,096		$92,200		$80,664
Total earning assets	233,857		211,003		278,598		238,018		213,691		204,264		195,394
Total assets	288,360		266,151		344,015		285,392		264,710		258,413		248,941
Total deposits	42,673		43,392		66,272		35,478		31,986		36,708		41,564
Period end
Total loans and leases	$107,600		$90,594		$107,600		$102,003		$107,429		$97,085		$90,594
Total earning assets	260,655		197,268		260,655		248,264		219,457		199,041		197,268
Total assets	339,495		249,142		339,495		299,104		269,673		247,527		249,142
Total deposits	68,674		38,706		68,674		35,975		31,688		29,654		38,706

(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 are in the process of being 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 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 46).

(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)


	Year Ended December 31		Fourth Quarter 2007	Third Quarter 2007	Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006
	2007	2006	Fourth Quarter 2007	Third Quarter 2007	Second Quarter 2007	First Quarter 2007	Fourth Quarter 2006
Principal Investing	$2,217	$1,894	$117	$275	$1,250	$ 575	$ 547
Corporate and Strategic Investments	1,528	978	161	577	469	321	484

Total equity investment income included in All Other	3,745	2,872	278	852	1,719	896	1,031
Total equity investment income included in the business segments	319	317	39	52	110	118	36

Total consolidated equity investment income	$4,064	$3,189	$317	$904	$1,829	$1,014	$1,067

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.		35

Bank of America Corporation and Subsidiaries

Outstanding Loans and Leases

(Dollars in millions)


	December 31 2007	September 30 2007	Increase (Decrease)
Consumer
Residential mortgage	$274,949	$271,753	$ 3,196
Credit card - domestic	65,774	58,716	7,058
Credit card - foreign	14,950	12,986	1,964
Home equity	114,834	101,046	13,788
Direct/Indirect consumer⁽¹⁾	76,844	74,180	2,664
Other consumer ⁽²⁾	3,850	4,024	(174	)

Total consumer	551,201	522,705	28,496

Commercial
Commercial - domestic ⁽³⁾	208,297	177,251	31,046
Commercial real estate ⁽⁴⁾	61,298	40,374	20,924
Commercial lease financing	22,582	20,357	2,225
Commercial - foreign	28,376	28,325	51

Total commercial loans measured at historical cost	320,553	266,307	54,246
Commercial loans measured at fair value ⁽⁵⁾	4,590	4,525	65

Total commercial	325,143	270,832	54,311

Total loans and leases	$876,344	$793,537	$82,807

(1)

Includes foreign consumer loans of $3.4 billion and $3.8 billion at December 31, 2007 and September 30, 2007.

(2)

Includes other foreign consumer loans of $829 million and $879 million, and consumer finance loans of $3.0 billion and $3.1 billion at December 31, 2007 and September 30, 2007.

(3)

Includes small business commercial - domestic loans of $17.8 billion and $16.4 billion at December 31, 2007 and September 30, 2007.

(4)

Includes domestic commercial real estate loans of $60.2 billion and $39.1 billion, and foreign commercial real estate loans of $1.1 billion and $1.2 billion at December 31, 2007 and September 30, 2007.

(5)

Certain commercial loans are measured at fair value in accordance with SFAS 159 and include commercial - domestic loans of $3.50 billion and $3.63 billion, commercial - foreign loans of $790 million and $672 million, and commercial real estate loans of $304 million and $224 million at December 31, 2007 and September 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.		36

Bank of America Corporation and Subsidiaries

Quarterly Average Loans and Leases by Business Segment

(Dollars in millions)


	Fourth 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	$277,058	$ 35,128	$ 999	$33,758	$207,173
Credit card - domestic	60,063	146,902	—	—	(86,839	)
Credit card - foreign	14,329	31,509	—	—	(17,180	)
Home equity	112,372	84,000	976	23,319	4,077
Direct/Indirect consumer	75,423	33,520	39,616	5,005	(2,718	)
Other consumer	3,918	829	14	—	3,075

Total consumer	543,163	331,888	41,605	62,082	107,588
Commercial
Commercial - domestic	213,200	19,146	175,272	19,381	(599	)
Commercial real estate	59,702	1,119	57,298	1,262	23
Commercial lease financing	22,239	—	24,359	—	(2,120	)
Commercial - foreign	29,815	1,536	27,189	84	1,006

Total commercial	324,956	21,801	284,118	20,727	(1,690	)

Total loans and leases	$868,119	$353,689	$325,723	$82,809	$105,898


	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	73,245	31,209	40,959	4,837	(3,760	)
Other consumer	4,055	834	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


	Fourth 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	$225,985	$ 29,292	$ 1,870	$23,412	$171,411
Credit card - domestic	59,802	139,155	—	—	(79,353	)
Credit card - foreign	10,375	26,837	—	—	(16,462	)
Home equity	84,905	61,793	1,093	19,266	2,753
Direct/Indirect consumer	57,273	25,716	35,540	3,051	(7,034	)
Other consumer	6,804	715	10	—	6,079

Total consumer	445,144	283,508	38,513	45,729	77,394
Commercial
Commercial - domestic	158,604	14,699	127,940	17,065	(1,100	)
Commercial real estate	36,851	84	35,489	1,053	225
Commercial lease financing	21,159	—	20,920	—	239
Commercial - foreign	21,840	1,323	16,522	89	3,906

Total commercial	238,454	16,106	200,871	18,207	3,270

Total loans and leases	$683,598	$299,614	$239,384	$63,936	$ 80,664

(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.		37

Bank of America Corporation and Subsidiaries

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

(Dollars in millions)


	Commercial Utilized			Total Commercial Committed
	December 31 2007 ⁽⁴⁾	September 30 2007	Increase (Decrease)	December 31 2007⁽⁴⁾		September 30 2007		Increase (Decrease)
Real estate⁽⁵⁾	$ 81,260	$ 55,963	$25,297	$111,742		$ 80,254		$ 31,488
Diversified financials	37,872	33,417	4,455	86,118		81,592		4,526
Government and public education	31,743	29,814	1,929	57,437		57,119		318
Retailing	33,280	29,946	3,334	55,184		46,870		8,314
Capital goods	25,908	18,964	6,944	52,356		40,821		11,535
Healthcare equipment and services	24,337	19,177	5,160	40,962		34,277		6,685
Materials	22,176	18,115	4,061	38,717		31,524		7,193
Consumer services	23,382	20,875	2,507	38,650		35,978		2,672
Banks	21,261	28,673	(7,412)	35,323		37,427		(2,104	)
Individuals and trusts	22,323	19,208	3,115	32,425		28,322		4,103
Commercial services and supplies	21,175	18,494	2,681	31,858		27,201		4,657
Food, beverage and tobacco	13,919	11,930	1,989	25,701		23,069		2,632
Energy	12,772	9,913	2,859	23,510		19,810		3,700
Media	7,901	9,488	(1,587)	19,343		18,212		1,131
Utilities	6,438	5,777	661	19,281		17,453		1,828
Transportation	12,803	10,560	2,243	18,824		15,491		3,333
Insurance	7,162	8,042	(880)	16,014		16,399		(385	)
Religious and social organizations	8,208	7,784	424	10,982		10,367		615
Consumer durables and apparel	5,802	5,156	646	10,907		9,522		1,385
Technology hardware and equipment	4,615	3,746	869	10,239		9,244		995
Software and services	4,739	3,733	1,006	10,128		8,132		1,996
Pharmaceuticals and biotechnology	4,349	3,748	601	8,563		7,268		1,295
Telecommunication services	3,475	3,446	29	8,235		8,237		(2	)
Automobiles and components	2,648	1,795	853	6,960		5,144		1,816
Food and staples retailing	2,732	2,220	512	5,318		4,316		1,002
Household and personal products	889	856	33	2,776		2,540		236
Semiconductors and semiconductor equipment	1,140	810	330	1,734		1,551		183
Other	8,407	7,465	942	8,505		7,984		521

Total commercial credit exposure by industry	$452,716	$389,115	$63,601	$787,792		$686,124		$101,668
Net credit default protection purchased on total commitments ⁽⁶⁾				$ (7,146	)	$ (5,037	)

(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 $12.8 billion and $9.6 billion at December 31, 2007 and September 30, 2007. In addition to cash collateral, derivative assets are also collateralized by $8.5 billion and $8.4 billion of primarily other marketable securities at December 31, 2007 and September 30, 2007 for which the credit risk has not been reduced.

(2)

Total commercial utilized and committed exposure include loans and letters of credit measured at fair value in accordance with SFAS 159 and are comprised of loans outstanding of $4.59 billion and $4.53 billion and issued letters of credit at notional value of $1.1 billion and $1.1 billion at December 31, 2007 and September 30, 2007. In addition, total commercial committed exposure includes unfunded loan commitments at notional value of $19.8 billion and $19.1 billion at December 31, 2007 and September 30, 2007.

(3)

Includes small business commercial - domestic exposure.

(4)

Includes LaSalle Bank Corporation which had $57.6 billion and $86.6 billion of commercial utilized and committed exposure at December 31, 2007.

(5)

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.

(6)

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.		38

Bank of America Corporation and Subsidiaries

Net Credit Default Protection by Maturity Profile

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

(Dollars in millions)


	December 31, 2007			September 30, 2007
Ratings	Net Notional	Percent		Net Notional	Percent
AAA	$ (13)	0.2	%	$ (11)	0.2	%
AA	(92)	1.3		(96)	1.9
A	(2,408)	33.7		(1,755)	34.8
BBB	(3,328)	46.6		(2,296)	45.6
BB	(1,524)	21.3		(1,215)	24.1
B	(180)	2.5		(155)	3.1
CCC and below	(75)	1.0		(75)	1.5
NR⁽²⁾	474	(6.6	)	566	(11.2	)
Total net credit default protection	$(7,146)	100.0	%	$(5,037)	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 $550 million and $607 million in net credit default swaps index positions at December 31, 2007 and September 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.		39

Bank of America Corporation and Subsidiaries

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 December 31, 2007	Increase (Decrease) from September 30, 2007
Region/Country
Asia Pacific
China ⁽⁷⁾	$ 262	$ 70	$ 79	$16,629	$17,040	$ -	$17,040	$12,876
South Korea	157	1,000	177	3,068	4,402	-	4,402	304
India	1,141	470	355	1,168	3,134	158	3,292	(391	)
Singapore	381	25	192	694	1,292	-	1,292	(303	)
Taiwan	345	41	45	169	600	467	1,067	126
Hong Kong	416	100	53	226	795	-	795	(81	)
Other Asia Pacific ⁽⁸⁾	133	79	35	401	648	39	687	(127	)
Total Asia Pacific	2,835	1,785	936	22,355	27,911	664	28,575	12,404
Latin America
Mexico ⁽⁹⁾	1,181	229	38	2,990	4,438	-	4,438	100
Brazil ⁽¹⁰⁾	701	104	42	2,617	3,464	223	3,687	319
Chile	644	55	-	14	713	6	719	207
Other Latin America ⁽⁸⁾	186	170	-	110	466	181	647	32
Total Latin America	2,712	558	80	5,731	9,081	410	9,491	658
Middle East and Africa⁽⁸⁾	838	711	170	222	1,941	-	1,941	357
Central and Eastern Europe ⁽⁸⁾	42	86	75	221	424	-	424	(13	)
Total emerging markets exposure	$6,427	$3,140	$1,261	$28,529	$39,357	$1,074	$40,431	$13,406

(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 December 31, 2007 and September 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 $57 million and $84 million at December 31, 2007 and September 30, 2007. At both December 31, 2007 and September 30, 2007 there were $2 million of other marketable securities collateralizing derivative assets for which credit risk has not been reduced.

(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 December 31, 2007 was $21.6 billion compared to $18.6 billion at September 30, 2007. Local liabilities at December 31, 2007 in Asia Pacific and Latin America were $19.7 billion and $1.9 billion, of which $7.9 billion were in Hong Kong, $6.2 billion in Singapore, $2.5 billion in South Korea, $1.8 billion in Mexico, $1.1 billion in China, $836 million in India, and $508 million in Taiwan. There were no other countries with available local liabilities funding local country exposure greater than $500 million.

(7)

Securities/Other Investments include an investment of $16.4 billion in China Construction Bank (CCB). Beginning in the fourth quarter of 2007, the Corporation’s equity investment in CCB was accounted for at fair value. Previously, the investment in CCB was accounted for at cost.

(8)

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

(9)

Securities/Other Investments include an investment of $2.6 billion in Grupo Financiero Santander Serfin.

(10)

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

Certain

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


This information is preliminary and based on company data available at the time of the presentation.		40

Bank of America Corporation and Subsidiaries

Nonperforming Assets

(Dollars in millions)


	December 31 2007		September 30 2007		June 30 2007		March 31 2007		December 31 2006
Residential mortgage	$ 1,999		$ 1,176		$ 867		$ 732		$ 660
Home equity ⁽¹⁾	1,340		764		496		363		291
Direct/Indirect consumer ⁽¹⁾	8		6		3		2		2
Other consumer	95		94		94		133		77

Total consumer	3,442		2,040		1,460		1,230		1,030

Commercial - domestic ⁽²⁾	869		646		399		404		505
Commercial real estate	1,099		352		280		189		118
Commercial lease financing	33		29		27		21		42
Commercial - foreign	19		16		17		29		13

	2,020		1,043		723		643		678
Small business commercial - domestic	135		97		101		97		79

Total commercial	2,155		1,140		824		740		757

Total nonperforming loans and leases	5,597		3,180		2,284		1,970		1,787
Foreclosed properties	351		192		108		89		69

Total nonperforming assets ^{(3, 4)}	$ 5,948		$ 3,372		$2,392		$2,059		$1,856

Loans past due 90 days or more and still accruing ^{(4, 5)}	$ 3,736		$ 2,955		$2,798		$2,870		$3,056
Nonperforming assets/Total assets ⁽⁶⁾	0.35	%	0.21	%	0.16	%	0.14	%	0.13	%
Nonperforming assets/Total loans, leases and foreclosed properties ⁽⁶⁾	0.68		0.43		0.32		0.29		0.26
Nonperforming loans and leases/Total loans and leases ⁽⁶⁾	0.64		0.40		0.30		0.27		0.25

Allowance for credit losses:
Allowance for loan and lease losses	$11,588		$ 9,535		$9,060		$8,732		$9,016
Reserve for unfunded lending commitments	518		392		376		374		397

Total allowance for credit losses	$12,106		$ 9,927		$9,436		$9,106		$9,413

Allowance for loan and lease losses/Total loans and leases measured at historical cost ⁽⁶⁾	1.33	%	1.21	%	1.20	%	1.21	%	1.28	%
Allowance for loan and lease losses/Total nonperforming loans and leases measured at historical cost	207		300		397		443		505
Commercial criticized exposure ⁽⁷⁾	$17,553		$10,820		$7,187		$7,119		$7,061
Commercial criticized exposure/Commercial utilized exposure ⁽⁷⁾	4.17	%	3.05	%	2.17	%	2.24	%	2.20	%

(1)

Home equity nonperforming loan balances of $42 million at December 31, 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 $188 million, $93 million, $73 million, $94 million and $80 million at December 31, 2007, September 30, 2007, June 30, 2007, March 31, 2007, and December 31, 2006, respectively.

(4)

Balances do not include loans measured at fair value in accordance with SFAS 159. At December 31, 2007, 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 $79 million and $8 million at December 31, 2007 and September 30, 2007.

(6)

Ratios do not include loans measured at fair value in accordance with SFAS 159 of $4.59 billion, $4.53 billion, $3.61 billion and $3.86 billion at December 31, 2007, 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 4.77 percent, 3.65 percent, 2.25 percent and 2.41 percent at December 31, 2007, September 30, 2007, June 30, 2007 and March 31, 2007, respectively. Including assets held-for-sale, the ratio would have been 2.23 percent at December 31, 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.		41

Bank of America Corporation and Subsidiaries

Quarterly Net Charge-offs/Losses and Net Charge-off/Loss Ratios ^{(1, 2, 3)}

(Dollars in millions)


	Fourth Quarter 2007					Third Quarter 2007					Second Quarter 2007					First Quarter 2007					Fourth Quarter 2006
Held Basis	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Residential mortgage	$ 27		0.04		%	$ 13		0.02		%	$ 11		0.02		%	$ 6		0.01		%	$ 9		0.02		%
Credit card - domestic	738		4.87			712		4.91			807		5.76			806		5.66			884		5.86
Credit card - foreign	108		2.99			96		3.19			86		2.88			88		3.22			79		3.03
Home equity	179		0.63			50		0.20			28		0.12			17		0.08			19		0.09
Direct/Indirect consumer	456		2.40			353		1.91			285		1.67			279		1.77			221		1.53
Other consumer	96		9.75			78		7.64			56		5.44			48		3.95			70		4.09

Total consumer	1,604		1.17			1,302		0.99			1,273		1.03			1,244		1.06			1,282		1.14

Commercial - domestic ⁽⁴⁾	68		0.14			13		0.03			32		0.09			25		0.07			8		0.02
Commercial real estate	17		0.12			28		0.28			(1	)	(0.01	)		3		0.03			1		0.01
Commercial lease financing	17		0.31			(3	)	(0.07	)		(11	)	(0.21	)		(1	)	(0.03	)		12		0.22
Commercial - foreign	2		0.03			(4	)	(0.06	)		6		0.10			(3	)	(0.05	)		(1	)	(0.02	)

	104		0.14			34		0.05			26		0.05			24		0.04			20		0.03
Small business commercial - domestic	277		6.33			237		5.89			196		5.23			159		4.59			115		3.44

Total commercial	381		0.47			271		0.42			222		0.37			183		0.31			135		0.22

Total net charge-offs	$1,985		0.91			$1,573		0.80			$1,495		0.81			$1,427		0.81			$1,417		0.82

By Business Segment
Global Consumer and Small Business Banking ⁽⁵⁾	$3,033		3.40		%	$2,687		3.21		%	$2,662		3.37		%	$2,433		3.20		%	$2,336		3.09		%
Global Corporate and Investment Banking	214		0.26			114		0.17			74		0.12			102		0.17			85		0.14
Global Wealth and Investment Management	28		0.13			16		0.08			4		0.03			18		0.11			2		0.01
All Other ⁽⁵⁾	(1,290	)	(4.83	)		(1,244	)	(4.74	)		(1,245	)	(4.94	)		(1,126	)	(4.95	)		(1,006	)	(4.95	)

Total net charge-offs	$1,985		0.91			$1,573		0.80			$1,495		0.81			$1,427		0.81			$1,417		0.82

Supplemental managed basis data
Credit card - domestic	$1,816		4.90		%	$1,707		4.76		%	$1,786		5.17		%	$1,651		4.80		%	$1,615		4.61		%
Credit card - foreign	322		4.06			317		4.24			313		4.31			302		4.37			291		4.30

Total credit card managed net losses	$2,138		4.75			$2,024		4.67			$2,099		5.02			$1,953		4.73			$1,906		4.56

Total commercial	381		0.47			271		0.42			222		0.37			183		0.31			135		0.22
Total managed losses	3,306		1.34			2,839		1.27			2,766		1.31			2,572		1.26			2,453		1.23

(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 residential mortgage $2 million, home equity $8 million, direct/indirect consumer $2 million, commercial - domestic $34 million, commercial real estate $27 million and commercial lease financing $2 million for the quarter ended December 31, 2007. The impact of SOP 03-3 was not material for the quarters ended September 30, 2007, June 30, 2007 and March 31, 2007. Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on credit card - domestic $11 million, credit card - foreign $4 million, and direct/indirect consumer $10 million for the three months ended December 31, 2006. Refer to Exhibit A on page 47 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, direct/indirect consumer and other consumer due to the reclassification of home equity loan balances from direct/indirect to home equity, and certain foreign consumer loans from other consumer to direct/indirect consumer.

(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.		42

Bank of America Corporation and Subsidiaries

Year-to-Date Net Charge-offs/Losses and Net Charge-off/Loss Ratios^{(1, 2, 3)}

(Dollars in millions)


	Year Ended December 31
	2007					2006
Held Basis	Amount		Percent			Amount		Percent
Residential mortgage	$ 57		0.02		%	$ 39		0.02		%
Credit card - domestic	3,063		5.29			3,094		4.85
Credit card - foreign	378		3.06			225		2.46
Home equity	274		0.28			51		0.07
Direct/Indirect consumer	1,373		1.95			610		1.14
Other consumer	278		6.54			217		2.97

Total consumer	5,423		1.07			4,236		1.01

Commercial - domestic ⁽⁴⁾	138		0.09			(25	)	(0.02	)
Commercial real estate	47		0.11			3		0.01
Commercial lease financing	2		0.01			(28	)	(0.14	)
Commercial - foreign	1		—			(8	)	(0.04	)

	188		0.08			(58	)	(0.03	)
Small business commercial - domestic	869		5.57			361		3.00

Total commercial	1,057		0.40			303		0.13

Total net charge-offs	$ 6,480		0.84			$ 4,539		0.70

By Business Segment:
Global Consumer and Small Business Banking ⁽⁵⁾	$10,815		3.30		%	$ 7,623		2.65		%
Global Corporate and Investment Banking	504		0.19			246		0.11
Global Wealth and Investment Management	66		0.09			(42	)	(0.07	)
All Other ⁽⁵⁾	(4,905	)	(4.86	)		(3,288	)	(4.65	)

Total net charge-offs	$ 6,480		0.84			$ 4,539		0.70

Supplemental managed basis data
Credit card - domestic	$ 6,960		4.91		%	$ 5,394		3.89		%
Credit card - foreign	1,254		4.24			980		3.95

Total credit card managed net losses	$ 8,214		4.79			$ 6,374		3.90

Total commercial	1,057		0.40			334		0.14
Total managed losses	11,483		1.30			7,941		1.05

(1)

Net charge-off/loss ratios are calculated as 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 residential mortgage $2 million, home equity $8 million, direct/indirect consumer $2 million, commercial - domestic $34 million, commercial real estate $27 million and commercial lease financing $2 million for the year ended December 31, 2007. Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on credit card - - domestic $99 million, credit card - foreign $53 million, direct/indirect consumer $119 million and small business commercial - domestic $17 million for the year ended December 31, 2006. Refer to Exhibit A on page 47 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.		43

Bank of America Corporation and Subsidiaries

Allocation of the Allowance for Credit Losses by Product Type

(Dollars in millions)


	December 31 2007			September 30 2007			December 31 2006
Allowance for loan and lease losses	Amount	Percent of loans and leases outstanding ⁽¹⁾		Amount	Percent of loans and leases outstanding ⁽¹⁾		Amount	Percent of loans and leases outstanding ⁽¹⁾
Residential mortgage	$ 207	0.08	%	$ 201	0.07	%	$ 248	0.10	%
Credit card - domestic	2,919	4.44		2,751	4.69		3,176	5.19
Credit card - foreign	441	2.95		345	2.66		336	3.05
Home equity	963	0.84		402	0.40		133	0.15
Direct/Indirect consumer	2,077	2.70		1,743	2.35		1,378	2.32
Other consumer	151	3.91		157	3.90		289	5.71

Total consumer	6,758	1.23		5,599	1.07		5,560	1.19

Commercial - domestic ⁽²⁾	3,194	1.53		2,764	1.56		2,162	1.33
Commercial real estate	1,083	1.77		644	1.60		588	1.62
Commercial lease financing	218	0.97		186	0.91		217	0.99
Commercial - foreign	335	1.18		342	1.21		489	2.36

Total commercial ⁽³⁾	4,830	1.51		3,936	1.48		3,456	1.44

Allowance for loan and lease losses	11,588	1.33		9,535	1.21		9,016	1.28
Reserve for unfunded lending commitments	518			392			397

Allowance for credit losses	$12,106			$9,927			$9,413

(1)

Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding measured at historical cost for each loan and lease category. Ratios do not include certain commercial loans measured at fair value in accordance with SFAS 159 at December 31, 2007 and September 30, 2007. Loans measured at fair value include commercial - domestic loans of $3.50 billion and $3.63 billion, commercial - foreign loans of $790 million and $672 million, and commercial real estate loans of $304 million and $224 million at December 31, 2007 and September 31, 2007.

(2)

Includes allowance for small business commercial - domestic loans of $1.4 billion, $1.2 billion and $578 million at December 31, 2007, September 30, 2007 and December 31, 2006.

(3)

Includes allowance for loan and lease losses for impaired commercial loans of $93 million, $88 million and $43 million at December 31, 2007, September 30, 2007 and December 31, 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.		44

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries

Global Consumer and Small Business Banking - Reconciliation

(Dollars in millions)


	Year Ended December 31, 2007				Year Ended December 31, 2006				Fourth 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⁾	$ 28,809	$ (8,027	)	$ 20,782	$ 28,197	$ (7,593	)	$ 20,604	$ 7,400	$ (2,071	)	$ 5,329
Noninterest income:
Card income	10,189	3,356		13,545	9,374	4,566		13,940	2,625	828		3,453
Service charges	6,008	—		6,008	5,342	—		5,342	1,624	—		1,624
Mortgage banking income	1,333	—		1,333	877	—		877	490	—		490
All other income	1,343	(288	)	1,055	1,136	(335	)	801	375	(67	)	308

Total noninterest income	18,873	3,068		21,941	16,729	4,231		20,960	5,114	761		5,875

Total revenue, net of interest expense	47,682	(4,959	)	42,723	44,926	(3,362	)	41,564	12,514	(1,310	)	11,204

Provision for credit losses	12,929	(4,959	)	7,970	8,534	(3,362	)	5,172	4,303	(1,310	)	2,993
Noninterest expense	20,060	—		20,060	18,375	—		18,375	5,493	—		5,493

Income before income taxes	14,693	—		14,693	18,017	—		18,017	2,718	—		2,718
Income tax expense⁽³⁾	5,263	—		5,263	6,639	—		6,639	847	—		847

Net income	$ 9,430	$ —		$ 9,430	$ 11,378	$ —		$ 11,378	$ 1,871	$ —		$ 1,871

Balance sheet
Average - total loans and leases	$327,810	$(103,284	)	$224,526	$288,131	$ (96,238	)	$191,893	$353,689	$(105,091	)	$248,598
Period end - total loans and leases	359,946	(102,967	)	256,979	307,661	(101,865	)	205,796	359,946	(102,967	)	256,979

	Third Quarter 2007				Second Quarter 2007				First 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⁾	$ 7,265	$ (2,085	)	$ 5,180	$ 7,132	$ (1,981	)	$ 5,151	$ 7,012	$ (1,890	)	$ 5,122
Noninterest income:
Card income	2,587	896		3,483	2,596	793		3,389	2,381	839		3,220
Service charges	1,519	—		1,519	1,488	—		1,488	1,377	—		1,377
Mortgage banking income	244	—		244	297	—		297	302	—		302
All other income	370	(70	)	300	331	(74	)	257	267	(77	)	190

Total noninterest income	4,720	826		5,546	4,712	719		5,431	4,327	762		5,089

Total revenue, net of interest expense	11,985	(1,259	)	10,726	11,844	(1,262	)	10,582	11,339	(1,128	)	10,211

Provision for credit losses	3,121	(1,259	)	1,862	3,094	(1,262	)	1,832	2,411	(1,128	)	1,283
Noninterest expense	4,971	—		4,971	4,911	—		4,911	4,685	—		4,685

Income before income taxes	3,893	—		3,893	3,839	—		3,839	4,243	—		4,243
Income tax expense⁽³⁾	1,441	—		1,441	1,403	—		1,403	1,572	—		1,572

Net income	$ 2,452	$ —		$ 2,452	$ 2,436	$ —		$ 2,436	$ 2,671	$ —		$ 2,671

Balance sheet
Average - total loans and leases	$331,656	$(104,317	)	$227,339	$317,246	$(101,905	)	$215,341	$308,105	$(101,776	)	$206,329
Period end - total loans and leases	337,783	(103,542	)	234,241	324,452	(102,752	)	221,700	309,992	(102,363	)	207,629


	Fourth Quarter 2006
	Managed Basis⁽¹⁾	Securitization Impact⁽²⁾		Held Basis
Net interest income ⁽³⁾	$ 7,138	$ (1,929	)	$ 5,209
Noninterest income:
Card income	2,635	996		3,631
Service charges	1,394	—		1,394
Mortgage banking income	247	—		247
All other income	257	(90	)	167

Total noninterest income	4,533	906		5,439

Total revenue, net of interest expense	11,671	(1,023	)	10,648

Provision for credit losses	2,777	(1,023	)	1,754
Noninterest expense	4,784	—		4,784

Income before income taxes	4,110	—		4,110
Income tax expense⁽³⁾	1,516	—		1,516

Net income	$ 2,594	$ —		$ 2,594

Balance sheet
Average - total loans and leases	$299,614	$ (99,765	)	$199,849
Period end - total loans and leases	307,661	(101,865	)	205,796

(1)

Provision for credit losses represents 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 securitized loans 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.

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

Exhibit A: Non-GAAP Reconciliations - continued

Bank of America Corporation and Subsidiaries

All Other - Reconciliation

(Dollars in millions)


	Year Ended December 31, 2007						Year Ended December 31, 2006						Fourth 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⁾	$ (7,701	)	$ 8,027		$ 326		$(5,930	)	$ 7,593		$ 1,663		$ (1,958	)	$ 2,071		$ 113
Noninterest income:
Card income	2,816		(3,356	)	(540	)	3,795		(4,566	)	(771	)	680		(828	)	(148	)
Equity investment income	3,745		—		3,745		2,872		—		2,872		278		—		278
Gains (losses) on sales of debt securities	180		—		180		(475	)	—		(475	)	110		—		110
All other income	6		288		294		98		335		433		652		67		719

Total noninterest income	6,747		(3,068	)	3,679		6,290		(4,231	)	2,059		1,720		(761	)	959

Total revenue, net of interest expense	(954	)	4,959		4,005		360		3,362		3,722		(238	)	1,310		1,072

Provision for credit losses	(5,210	)	4,959		(251	)	(3,494	)	3,362		(132	)	(1,295	)	1,310		15
Merger and restructuring charges	410		—		410		805		—		805		140		—		140
All other noninterest expense	(20	)	—		(20	)	972		—		972		(33	)	—		(33	)

Income before income taxes	3,866		—		3,866		2,077		—		2,077		950		—		950
Income tax expense⁽³⁾	947		—		947		577		—		577		125		—		125

Net income	$ 2,919		$ —		$ 2,919		$ 1,500		$ —		$ 1,500		$ 825		$ —		$ 825

Balance sheet
Average - total loans and leases	$100,860		$103,284		$204,144		$70,753		$ 96,238		$166,991		$105,898		$105,091		$210,989
Period end - total loans and leases	107,600		102,967		210,567		90,594		101,865		192,459		107,600		102,967		210,567

	Third Quarter 2007						Second Quarter 2007						First 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⁾	$ (2,031	)	$ 2,085		$ 54		$(1,943	)	$ 1,981		$ 38		$ (1,769	)	$ 1,890		$ 121
Noninterest income:
Card income	739		(896	)	(157	)	676		(793	)	(117	)	721		(839	)	(118	)
Equity investment income	852		—		852		1,719		—		1,719		896		—		896
Gains on sales of debt securities	7		—		7		2		—		2		61		—		61
All other income	(333	)	70		(263	)	(255	)	74		(181	)	(58	)	77		19

Total noninterest income	1,265		(826	)	439		2,142		(719	)	1,423		1,620		(762	)	858

Total revenue, net of interest expense	(766	)	1,259		493		199		1,262		1,461		(149	)	1,128		979

Provision for credit losses	(1,290	)	1,259		(31	)	(1,311	)	1,262		(49	)	(1,314	)	1,128		(186	)
Merger and restructuring charges	84		—		84		75		—		75		111		—		111
All other noninterest expense	(272	)	—		(272	)	(89	)	—		(89	)	374		—		374

Income before income taxes	712		—		712		1,524		—		1,524		680		—		680
Income tax expense⁽³⁾	165		—		165		536		—		536		121		—		121

Net income	$ 547		$ —		$ 547		$ 988		$ —		$ 988		$ 559		$ —		$ 559

Balance sheet
Average - total loans and leases	$104,061		$104,317		$208,378		$101,096		$101,905		$203,001		$ 92,200		$101,776		$193,976
Period end - total loans and leases	102,003		103,542		205,545		107,429		102,752		210,181		97,085		102,363		199,448


	Fourth Quarter 2006
	Reported Basis⁽¹⁾		Securitization Offset⁽²⁾		As Adjusted
Net interest income ⁽³⁾	$(1,628	)	$ 1,929		$ 301
Noninterest income:
Card income	826		(996	)	(170	)
Equity investment income	1,031		—		1,031
Gains on sales of debt securities	9		—		9
All other income	(119	)	90		(29	)

Total noninterest income	1,747		(906	)	841

Total revenue, net of interest expense	119		1,023		1,142

Provision for credit losses	(1,136	)	1,023		(113	)
Merger and restructuring charges	244		—		244
All other noninterest expense	71		—		71

Income before income taxes	940		—		940
Income tax expense⁽³⁾	249		—		249

Net income	$ 691		$ —		$ 691

Balance sheet
Average - total loans and leases	$80,664		$ 99,765		$180,429
Period end - total loans and leases	90,594		101,865		192,459

(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.		46

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, 3)}

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


	Year Ended December 31							Fourth Quarter
	2007			2006				2007			2006
(Dollars in millions)	Amount	Percent		Amount		Percent		Amount	Percent		Amount		Percent
Residential mortgage	$ 57	0.02	%	$ 39		0.02	%	$ 27	0.04	%	$ 9		0.02	%
Credit card - domestic	3,063	5.29		3,094		4.85		738	4.87		884		5.86
Credit card - foreign	378	3.06		225		2.46		108	2.99		79		3.03
Home equity	274	0.28		51		0.07		179	0.63		19		0.09
Direct/Indirect consumer	1,373	1.95		610		1.14		456	2.40		221		1.53
Other consumer	278	6.54		217		2.97		96	9.75		70		4.09
Total consumer	5,423	1.07		4,236		1.01		1,604	1.17		1,282		1.14
Commercial - domestic	138	0.09		(25	)	(0.02	)	68	0.14		8		0.02
Commercial real estate	47	0.11		3		0.01		17	0.12		1		0.01
Commercial lease financing	2	0.01		(28	)	(0.14	)	17	0.31		12		0.22
Commercial - foreign	1	—		(8	)	(0.04	)	2	0.03		(1	)	(0.02	)
	188	0.08		(58	)	(0.03	)	104	0.14		20		0.03
Small business commercial - domestic	869	5.57		361		3.00		277	6.33		115		3.44
Total commercial	1,057	0.40		303		0.13		381	0.47		135		0.22
Total net charge-offs	$6,480	0.84		$4,539		0.70		$1,985	0.91		$1,417		0.82
Impact of SOP 03-3
Residential mortgage	$ 2			$ —				$ 2			$ —
Credit card - domestic	—			99				—			11
Credit card - foreign	—			53				—			4
Home equity	8			—				8			—
Direct/Indirect consumer	2			119				2			10
Other consumer	—			—				—			—

Total consumer	12			271				12			25

Commercial - domestic	34			—				34			—
Commercial real estate	27			—				27			—
Commercial lease financing	2			—				2			—
Commercial - foreign	—			—				—			—

	63			—				63			—
Small business commercial - domestic	—			17				—			—

Total commercial	63			17				63			—

Total net charge-offs	$ 75			$ 288				$ 75			$ 25


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

Residential mortgage	$ 59	0.02	%	$ 39		0.02	%	$ 29	0.04	%	$ 9		0.02	%
Credit card - domestic	3,063	5.29		3,193		5.00		738	4.87		895		5.93
Credit card - foreign	378	3.06		278		3.05		108	2.99		83		3.22
Home equity	282	0.29		51		0.07		187	0.66		19		0.09
Direct/Indirect consumer	1,375	1.96		729		1.36		458	2.41		231		1.60
Other consumer	278	6.54		217		2.97		96	9.75		70		4.09

Total consumer	5,435	1.07		4,507		1.07		1,616	1.18		1,307		1.17

Commercial - domestic	172	0.11		(25	)	(0.02	)	102	0.21		8		0.02
Commercial real estate	74	0.17		3		0.01		44	0.30		1		0.01
Commercial lease financing	4	0.02		(28	)	(0.14	)	19	0.34		12		0.22
Commercial - foreign	1	—		(8	)	(0.04	)	2	0.03		(1	)	(0.02	)

	251	0.10		(58	)	(0.03	)	167	0.22		20		0.03
Small business commercial - domestic	869	5.57		378		3.15		277	6.33		115		3.44

Total commercial	1,120	0.42		320		0.14		444	0.55		135		0.22

Total net charge-offs	$6,555	0.85		$4,827		0.74		$2,060	0.95		$1,442		0.84

(1)

Net charge-off ratios are calculated as net charge-offs divided by average outstanding loans and leases measured at historical cost during the period for each loan category. Ratios for quarterly periods are calculated on an annualized basis. The impact of SOP 03-3 on average loans and leases for the three months and years ended December 31, 2007 and 2006 was not material.

(2)	The impact of SOP 03-3 was not material for the three months ended March 31, 2007, June 30, 2007 and September 30, 2007.

(3)	Historical ratios have been adjusted for home equity, direct/indirect consumer and other consumer due to the reclassification of home equity loan balances from direct/indirect consumer to home equity, and certain foreign consumer loans from other consumer to direct/indirect.

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.		47