Supplemental Information Third Quarter 2008

Exhibit 99.2

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Supplemental Information

Third Quarter 2008

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
Core Net Interest Income - Managed Basis		6
Quarterly Average Balances and Interest Rates		7
Quarterly Average Balances and Interest Rates - Isolating Hedge Income/Expense		8
Year-to-Date Average Balances and Interest Rates		9
Year-to-Date Average Balances and Interest Rates - Isolating Hedge Income/Expense		10
Global Consumer and Small Business Banking
Key Indicators		11
E-commerce & BankofAmerica.com		12
Credit Card Data		13
Global Corporate and Investment Banking
Business Lending Key Indicators		14
Capital Markets and Advisory Services Key Indicators		15
Banc of America Securities U.S. Market Share and Product Ranking Graph		16
Super Senior Collateralized Debt Obligation Exposure		17
Subprime Super Senior Collateralized Debt Obligation Carrying Values		18
Outstanding Loans and Leases		19
Nonperforming Assets		20
Quarterly Net Charge-offs/Losses and Net Charge-off/Loss Ratios		21
Year-to-Date Net Charge-offs/Losses and Net Charge-off/Loss Ratios		22
Allocation of the Allowance for Credit Losses by Product Type		23

Exhibit A: Non - GAAP Reconciliation: 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		24

Appendix: Selected Slides from the Third Quarter 2008 Earnings Release Presentation		25


		1

Bank of America Corporation and Subsidiaries

Consolidated Financial Highlights

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


	Nine Months Ended September 30						Third Quarter 2008 ⁽¹⁾			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007				Third Quarter 2007
	2008 ⁽¹⁾			2007			Third Quarter 2008 ⁽¹⁾			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007				Third Quarter 2007
Income statement
Net interest income	$	32,254		$	25,276		$	11,642		$	10,621		$	9,991		$	9,165			$	8,617
Noninterest income		24,848			28,753			7,979			9,789			7,080			3,639				7,480
Total revenue, net of interest expense		57,102			54,029			19,621			20,410			17,071			12,804				16,097
Provision for credit losses		18,290			5,075			6,450			5,830			6,010			3,310				2,030
Noninterest expense, before merger and restructuring charges		29,953			26,845			11,413			9,447			9,093			10,269				8,627
Merger and restructuring charges		629			270			247			212			170			140				84
Income tax expense (benefit)		2,433			7,125			334			1,511			588			(1,183	)			1,658
Net income		5,797			14,714			1,177			3,410			1,210			268				3,698
Diluted earnings per common share		1.10			3.25			0.15			0.72			0.23			0.05				0.82
Average diluted common shares issued and outstanding		4,493,506			4,483,465			4,563,508			4,457,193			4,461,201			4,470,108				4,475,917
Dividends paid per common share	$	1.92		$	1.76		$	0.64		$	0.64		$	0.64		$	0.64			$	0.64

Performance ratios
Return on average assets		0.43	%		1.27	%		0.25	%		0.78	%		0.28	%		0.06		%		0.93	%
Return on average common shareholders’ equity		4.68			14.88			1.97			9.25			2.90			0.60				11.02

Risk-based Capital
Tier 1 Capital Ratio		7.50	%		8.22	%		7.50	%		8.25	%		7.51	%		6.87		%		8.22	%
Tangible equity ratio ⁽²⁾		4.03			4.09			4.03			4.62			4.16			3.62				4.09
At period end
Book value per share of common stock	$	30.01		$	30.45		$	30.01		$	31.11		$	31.22		$	32.09			$	30.45
Tangible book value per share of common stock ⁽³⁾		12.08			15.25			12.08			13.65			13.73			14.62				15.25
Market price per share of common stock:
Closing price	$	35.00		$	50.27		$	35.00		$	23.87		$	37.91		$	41.26			$	50.27
High closing price for the period		45.03			54.05			37.48			40.86			45.03			52.71				51.87
Low closing price for the period		18.52			47.00			18.52			23.87			35.31			41.10				47.00
Market capitalization		159,672			223,041			159,672			106,292			168,806			183,107				223,041

Number of banking centers - domestic		6,139			5,748			6,139			6,131			6,148			6,149				5,748
Number of branded ATMs - domestic		18,584			17,231			18,584			18,531			18,491			18,753				17,231
Full-time equivalent employees		247,024			198,000			247,024			206,587			209,096			209,718				198,000

(1)

Preliminary data based on risk-based capital

(2)

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

(3)

Tangible book value per share of common stock is a non-GAAP measure. For a corresponding reconciliation of common tangible shareholders’ equity 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


	Nine Months Ended September 30						Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
	2008			2007			Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
Net interest income	$	33,148		$	26,375		$	11,920		$	10,937		$	10,291		$	9,815		$	8,992
Total revenue, net of interest expense		57,996			55,128			19,899			20,726			17,371			13,454			16,472
Net interest yield		2.86	%		2.60	%		2.93	%		2.92	%		2.73	%		2.61	%		2.61	%
Efficiency ratio		52.73			49.19			58.60			46.60			53.32			77.36			52.89

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 three months ended September 30, 2008, June 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, and the nine months ended September 30, 2008 and 2007.

Reconciliation of net income to operating earnings


	Nine Months Ended September 30								Third Quarter 2008				Second Quarter 2008				First Quarter 2008				Fourth Quarter 2007				Third Quarter 2007
	Nine Months Ended September 30
	2008				2007
Net income	$	5,797			$	14,714			$	1,177			$	3,410			$	1,210			$	268			$	3,698
Merger and restructuring charges		629				270				247				212				170				140				84
Related income tax benefit		(205	)			(100	)			(64	)			(78	)			(63	)			(52	)			(31	)

Operating earnings	$	6,221			$	14,884			$	1,360			$	3,544			$	1,317			$	356			$	3,751


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

Ending common shareholders’ equity	$	136,888			$	135,109			$	136,888			$	138,540			$	139,003			$	142,394			$	135,109
Ending goodwill		(81,756	)			(67,433	)			(81,756	)			(77,760	)			(77,872	)			(77,530	)			(67,433	)

Ending common tangible shareholders’ equity	$	55,132			$	67,676			$	55,132			$	60,780			$	61,131			$	64,864			$	67,676


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

Average shareholders’ equity	$	160,890			$	133,878			$	166,454			$	161,428			$	154,728			$	144,924			$	134,487
Average goodwill		(79,150	)			(66,309	)			(81,977	)			(77,815	)			(77,628	)			(78,308	)			(67,499	)

Average tangible shareholders’ equity	$	81,740			$	67,569			$	84,477			$	83,613			$	77,100			$	66,616			$	66,988


Operating basis

Return on average assets		0.46		%		1.28		%		0.28		%		0.81		%		0.30		%		0.08		%		0.94		%
Return on average common shareholders’ equity		5.08				15.06				2.48				9.63				3.20				0.85				11.18
Return on average tangible shareholders’ equity		10.17				29.45				6.40				17.05				6.87				2.12				22.21
Efficiency ratio ⁽¹⁾		51.65				48.70				57.36				45.58				52.35				76.32				52.38

(1)

Fully taxable-equivalent basis

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


This information is preliminary and based on company data available at the time of the presentation.		3

Bank of America Corporation and Subsidiaries

Consolidated Statement of Income

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


	Nine Months Ended September 30					Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
	2008			2007		Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
Interest income
Interest and fees on loans and leases	$	41,797		$	40,318	$	14,261		$	13,121		$	14,415		$	15,363		$	14,111
Interest on debt securities		9,295			7,046		3,621			2,900			2,774			2,738			2,334
Federal funds sold and securities purchased under agreements to resell		2,920			5,974		912			800			1,208			1,748			1,839
Trading account assets		6,937			7,059		2,344			2,229			2,364			2,358			2,519
Other interest income		3,133			3,428		1,058			977			1,098			1,272			1,230

Total interest income		64,082			63,825		22,196			20,027			21,859			23,479			22,033

Interest expense
Deposits		11,954			12,840		3,846			3,520			4,588			5,253			4,545
Short-term borrowings		10,452			16,369		3,223			3,087			4,142			5,598			5,519
Trading account liabilities		2,250			2,619		661			749			840			825			906
Long-term debt		7,172			6,721		2,824			2,050			2,298			2,638			2,446

Total interest expense		31,828			38,549		10,554			9,406			11,868			14,314			13,416

Net interest income		32,254			25,276		11,642			10,621			9,991			9,165			8,617

Noninterest income
Card income		10,212			10,486		3,122			3,451			3,639			3,591			3,595
Service charges		7,757			6,493		2,722			2,638			2,397			2,415			2,221
Investment and brokerage services		3,900			3,720		1,238			1,322			1,340			1,427			1,378
Investment banking income		1,645			1,801		474			695			476			544			389
Equity investment income (loss)		1,330			3,747		(316	)		592			1,054			317			904
Trading account profits (losses)		(1,810	)		491		(384	)		357			(1,783	)		(5,380	)		(1,388	)
Mortgage banking income		2,564			516		1,674			439			451			386			155
Insurance premiums		1,092			548		678			217			197			213			235
Gains on sales of debt securities		362			71		10			127			225			109			7
Other income (loss)		(2,204	)		880		(1,239	)		(49	)		(916	)		17			(16	)

Total noninterest income		24,848			28,753		7,979			9,789			7,080			3,639			7,480

Total revenue, net of interest expense		57,102			54,029		19,621			20,410			17,071			12,804			16,097

Provision for credit losses		18,290			5,075		6,450			5,830			6,010			3,310			2,030

Noninterest expense
Personnel		14,344			13,931		5,198			4,420			4,726			4,822			4,169
Occupancy		2,623			2,211		926			848			849			827			754
Equipment		1,208			1,018		440			372			396			373			336
Marketing		1,813			1,644		605			571			637			712			552
Professional fees		1,071			770		424			362			285			404			258
Amortization of intangibles		1,357			1,209		464			447			446			467			429
Data processing		1,905			1,372		755			587			563			590			463
Telecommunications		814			750		288			266			260			263			255
Other general operating		4,818			3,940		2,313			1,574			931			1,811			1,411
Merger and restructuring charges		629			270		247			212			170			140			84

Total noninterest expense		30,582			27,115		11,660			9,659			9,263			10,409			8,711

Income (loss) before income taxes		8,230			21,839		1,511			4,921			1,798			(915	)		5,356
Income tax expense (benefit)		2,433			7,125		334			1,511			588			(1,183	)		1,658

Net income	$	5,797		$	14,714	$	1,177		$	3,410		$	1,210		$	268		$	3,698

Preferred stock dividends		849			129		473			186			190			53			43

Net income available to common shareholders	$	4,948		$	14,585	$	704		$	3,224		$	1,020		$	215		$	3,655


Per common share information
Earnings	$	1.11		$	3.30	$	0.15		$	0.73		$	0.23		$	0.05		$	0.83
Diluted earnings		1.10			3.25		0.15			0.72			0.23			0.05			0.82
Dividends paid		1.92			1.76		0.64			0.64			0.64			0.64			0.64

Average common shares issued and outstanding		4,469,517			4,424,269		4,543,963			4,435,719			4,427,823			4,421,554			4,420,616

Average diluted common shares issued and outstanding		4,493,506			4,483,465		4,563,508			4,457,193			4,461,201			4,470,108			4,475,917

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


This information is preliminary and based on company data available at the time of the presentation.		4

Bank of America Corporation and Subsidiaries

Consolidated Balance Sheet

(Dollars in millions)


	September 30 2008			June 30 2008			September 30 2007
Assets
Cash and cash equivalents	$	39,341		$	39,127		$	34,956
Time deposits placed and other short-term investments		11,709			7,649			8,829
Federal funds sold and securities purchased under agreements to resell		87,038			107,070			135,150
Trading account assets		174,859			167,837			179,365
Derivative assets		45,792			42,039			30,843
Debt securities		258,677			249,859			177,296
Loans and leases, net of allowance:
Loans and leases		942,676			870,464			793,537
Allowance for loan and lease losses		(20,346	)		(17,130	)		(9,535	)
Total loans and leases, net of allowance		922,330			853,334			784,002
Premises and equipment, net		13,000			11,627			9,762
Mortgage servicing rights (includes $20,811, $4,250 and $3,179 measured at fair value)		21,131			4,577			3,417
Goodwill		81,756			77,760			67,433
Intangible assets		9,167			9,603			9,635
Loans held-for-sale		27,414			23,630			30,672
Other assets		138,963			122,763			107,403
Total assets	$	1,831,177		$	1,716,875		$	1,578,763

Liabilities
Deposits in domestic offices:
Noninterest-bearing	$	201,025		$	199,587		$	165,343
Interest-bearing		577,503			497,631			434,728
Deposits in foreign offices:
Noninterest-bearing		3,524			3,432			3,950
Interest-bearing		91,999			84,114			95,201
Total deposits		874,051			784,764			699,222
Federal funds purchased and securities sold under agreements to repurchase		225,729			238,123			199,293
Trading account liabilities		68,229			70,806			87,155
Derivative liabilities		26,466			21,095			19,012
Commercial paper and other short-term borrowings		145,812			177,753			201,155
Accrued expenses and other liabilities (includes $427, $507 and $392 of reserve for unfunded lending commitments)		72,141			55,038			48,932
Long-term debt		257,710			206,605			185,484
Total liabilities		1,670,138			1,554,184			1,440,253
Shareholders’ equity
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 7,602,067, 7,602,067 and 143,739 shares		24,151			24,151			3,401
Common stock and additional paid-in capital, $0.01 par value; authorized - 7,500,000,000 shares; issued and outstanding - 4,562,054,554, 4,452,947,217 and 4,436,855,341 shares		65,361			61,109			60,276
Retained earnings		77,695			79,920			84,027
Accumulated other comprehensive income (loss)		(5,647	)		(1,864	)		(8,615	)
Other		(521	)		(625	)		(579	)
Total shareholders’ equity		161,039			162,691			138,510
Total liabilities and shareholders’ equity	$	1,831,177		$	1,716,875		$	1,578,763

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

Core Net Interest Income - Managed Basis

(Dollars in millions)


	Nine Months Ended September 30								Third Quarter 2008				Second Quarter 2008				First Quarter 2008				Fourth Quarter 2007				Third Quarter 2007
	2008				2007				Third Quarter 2008				Second Quarter 2008				First Quarter 2008				Fourth Quarter 2007				Third Quarter 2007
Net interest income ⁽¹⁾
As reported	$	33,148			$	26,375			$	11,920			$	10,937			$	10,291			$	9,815			$	8,992
Impact of market-based net interest income ⁽²⁾		(4,125	)			(1,908	)			(1,448	)			(1,369	)			(1,308	)			(810	)			(789	)

Core net interest income		29,023				24,467				10,472				9,568				8,983				9,005				8,203
Impact of securitizations ⁽³⁾		6,654				5,820				2,310				2,254				2,090				2,021				2,009

Core net interest income - managed basis	$	35,677			$	30,287			$	12,782			$	11,822			$	11,073			$	11,026			$	10,212


Average earning assets
As reported	$	1,544,617			$	1,352,177			$	1,622,466			$	1,500,234			$	1,510,295			$	1,502,998			$	1,375,795
Impact of market-based earning assets ⁽²⁾		(385,517	)			(414,363	)			(377,630	)			(375,274	)			(403,733	)			(407,315	)			(407,066	)

Core average earning assets		1,159,100				937,814				1,244,836				1,124,960				1,106,562				1,095,683				968,729
Impact of securitizations		102,481				103,028				101,743				103,131				102,577				104,385				104,181

Core average earning assets - managed basis	$	1,261,581			$	1,040,842			$	1,346,579			$	1,228,091			$	1,209,139			$	1,200,068			$	1,072,910


Net interest yield contribution ^{(1, 4)}
As reported		2.86		%		2.60		%		2.93		%		2.92		%		2.73		%		2.61		%		2.61		%
Impact of market-based activities ⁽²⁾		0.48				0.88				0.43				0.49				0.52				0.67				0.77

Core net interest yield on earning assets		3.34				3.48				3.36				3.41				3.25				3.28				3.38
Impact of securitizations		0.43				0.40				0.43				0.45				0.42				0.38				0.42

Core net interest yield on earning assets - managed basis		3.77		%		3.88		%		3.79		%		3.86		%		3.67		%		3.66		%		3.80		%

(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. For the nine months ended September 30, 2008 and 2007, the impact of market-based net interest income excludes $75 million and $44 million, and for the three months ended September 30, 2008, June 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, respectively, excludes $23 million, $25 million, $27 million, $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.

(3)

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

(4)

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.		6

Bank of America Corporation and Subsidiaries

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

(Dollars in millions)


	Third Quarter 2008						Second Quarter 2008						Third Quarter 2007
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments	$	11,361	$	101	3.54	%	$	10,310	$	87	3.40	%	$	11,879	$	148	4.92	%
Federal funds sold and securities purchased under agreements to resell		136,322		912	2.67			126,169		800	2.54			139,259		1,839	5.27
Trading account assets		191,757		2,390	4.98			184,547		2,282	4.95			194,661		2,604	5.33
Debt securities ⁽¹⁾		266,013		3,672	5.52			235,369		2,963	5.04			174,568		2,380	5.45
Loans and leases ⁽²⁾:
Residential mortgage		260,748		3,712	5.69			256,164		3,541	5.54			274,385		3,928	5.72
Home equity		151,142		2,124	5.59			120,265		1,627	5.44			98,611		1,884	7.58
Discontinued real estate		22,031		399	7.25			—		—	—			—		—	—
Credit card - domestic		63,414		1,682	10.55			61,655		1,603	10.45			57,491		1,780	12.29
Credit card - foreign		17,075		535	12.47			16,566		512	12.43			11,995		371	12.25
Direct/Indirect consumer⁽³⁾		85,392		1,790	8.34			82,593		1,731	8.43			72,978		1,600	8.70
Other consumer ⁽⁴⁾		3,723		80	8.78			3,953		84	8.36			4,322		96	8.90
Total consumer		603,525		10,322	6.82			541,196		9,098	6.75			519,782		9,659	7.39
Commercial - domestic		224,117		2,852	5.06			219,537		2,762	5.06			176,554		3,207	7.21
Commercial real estate ⁽⁵⁾		63,220		727	4.57			62,810		737	4.72			38,977		733	7.47
Commercial lease financing		22,585		53	0.93			22,276		243	4.37			20,044		246	4.91
Commercial - foreign		33,467		377	4.48			32,820		366	4.48			25,159		377	5.95
Total commercial		343,389		4,009	4.64			337,443		4,108	4.89			260,734		4,563	6.95
Total loans and leases		946,914		14,331	6.03			878,639		13,206	6.04			780,516		14,222	7.25
Other earning assets		70,099		1,068	6.07			65,200		1,005	6.19			74,912		1,215	6.46
Total earning assets ⁽⁶⁾		1,622,466		22,474	5.52			1,500,234		20,343	5.44			1,375,795		22,408	6.48
Cash and cash equivalents		36,030						33,799						31,356
Other assets, less allowance for loan and lease losses		247,195						220,580						173,414
Total assets	$	1,905,691					$	1,754,613					$	1,580,565

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	32,297	$	58	0.72	%	$	33,164	$	64	0.77	%	$	31,510	$	50	0.62	%
NOW and money market deposit accounts		278,520		973	1.39			258,104		856	1.33			215,078		1,104	2.04
Consumer CDs and IRAs		218,862		1,852	3.37			178,828		1,646	3.70			165,840		1,949	4.66
Negotiable CDs, public funds and other time deposits		36,039		291	3.21			24,216		195	3.25			17,392		227	5.20
Total domestic interest-bearing deposits		565,718		3,174	2.23			494,312		2,761	2.25			429,820		3,330	3.07
Foreign interest-bearing deposits:
Banks located in foreign countries		36,230		266	2.91			33,777		272	3.25			43,727		564	5.12
Governments and official institutions		11,847		72	2.43			11,789		77	2.62			17,206		218	5.03
Time, savings and other		48,209		334	2.76			55,403		410	2.97			41,868		433	4.09
Total foreign interest-bearing deposits		96,286		672	2.78			100,969		759	3.02			102,801		1,215	4.69
Total interest-bearing deposits		662,004		3,846	2.31			595,281		3,520	2.38			532,621		4,545	3.39
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		465,511		3,223	2.76			444,578		3,087	2.79			409,070		5,519	5.36
Trading account liabilities		77,271		661	3.40			70,546		749	4.27			86,118		906	4.17
Long-term debt		264,934		2,824	4.26			205,194		2,050	4.00			175,265		2,446	5.58
Total interest-bearing liabilities ⁽⁶⁾		1,469,720		10,554	2.86			1,315,599		9,406	2.87			1,203,074		13,416	4.43
Noninterest-bearing sources:
Noninterest-bearing deposits		195,841						190,721						169,860
Other liabilities		73,676						86,865						73,144
Shareholders’ equity		166,454						161,428						134,487
Total liabilities and shareholders’ equity	$	1,905,691					$	1,754,613					$	1,580,565
Net interest spread					2.66	%					2.57	%					2.05	%
Impact of noninterest-bearing sources					0.27						0.35						0.56
Net interest income/yield on earning assets			$	11,920	2.93	%			$	10,937	2.92	%			$	8,992	2.61	%

(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 foreign consumer loans of $2.6 billion and $3.0 billion in the third and second quarters of 2008, and $3.8 billion in the third quarter of 2007.

(4)

Includes consumer finance loans of $2.7 billion and $2.8 billion in the third and second quarters of 2008, and $3.2 billion in the third quarter of 2007; and other foreign consumer loans of $1.1 billion and $862 million in the third and second quarters of 2008, and $843 million in the third quarter of 2007.

(5)	Includes domestic commercial real estate loans of $62.2 billion and $61.6 billion in the third and second quarters of 2008, and $38.0 billion in the third quarter of 2007.

(6)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $12 million and $104 million in the third and second quarters of 2008, and $170 million in the third quarter of 2007. Interest expense includes the impact of interest rate risk management contracts, which increased interest expense on the underlying liabilities $86 million and $37 million in the third and second quarters of 2008, and $226 million in the third quarter of 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.		7

Bank of America Corporation and Subsidiaries

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

(Dollars in millions)


	Third Quarter 2008								Second Quarter 2008								Third Quarter 2007
	Average Balance		Interest Income/ Expense			Yield/ Rate			Average Balance		Interest Income/ Expense			Yield/ Rate			Average Balance		Interest Income/ Expense			Yield/ Rate
Earning assets
Time deposits placed and other short-term investments ⁽²⁾	$	11,361	$	105		3.68		%	$	10,310	$	91		3.56		%	$	11,879	$	152		5.06		%
Federal funds sold and securities purchased under agreements to resell⁽²⁾		136,322		948		2.78				126,169		867		2.75				139,259		1,936		5.54
Trading account assets		191,757		2,390		4.98				184,547		2,282		4.95				194,661		2,604		5.33
Debt securities ⁽²⁾		266,013		3,675		5.52				235,369		2,963		5.04				174,568		2,385		5.46
Loans and leases:
Residential mortgage		260,748		3,712		5.69				256,164		3,541		5.54				274,385		3,928		5.72
Home equity		151,142		2,124		5.59				120,265		1,627		5.44				98,611		1,884		7.58
Discontinued real estate		22,031		399		7.25				—		—		—				—		—		—
Credit card - domestic		63,414		1,682		10.55				61,655		1,603		10.45				57,491		1,780		12.29
Credit card - foreign		17,075		535		12.47				16,566		512		12.43				11,995		371		12.25
Direct/Indirect consumer		85,392		1,790		8.34				82,593		1,731		8.43				72,978		1,600		8.70
Other consumer		3,723		80		8.78				3,953		84		8.36				4,322		96		8.90
Total consumer		603,525		10,322		6.82				541,196		9,098		6.75				519,782		9,659		7.39
Commercial - domestic ⁽²⁾		224,117		2,820		5.01				219,537		2,795		5.12				176,554		3,220		7.24
Commercial real estate		63,220		727		4.57				62,810		737		4.72				38,977		733		7.47
Commercial lease financing		22,585		53		0.93				22,276		243		4.37				20,044		246		4.91
Commercial - foreign ⁽²⁾		33,467		377		4.48				32,820		366		4.48				25,159		411		6.48
Total commercial		343,389		3,977		4.61				337,443		4,141		4.93				260,734		4,610		7.02
Total loans and leases		946,914		14,299		6.02				878,639		13,239		6.05				780,516		14,269		7.27
Other earning assets⁽²⁾		70,099		1,069		6.07				65,200		1,005		6.19				74,912		1,232		6.55
Total earning assets - excluding hedge impact		1,622,466		22,486		5.53				1,500,234		20,447		5.47				1,375,795		22,578		6.53
Net hedge income (expense) on assets				(12	)							(104	)							(170	)
Total earning assets - including hedge impact		1,622,466		22,474		5.52				1,500,234		20,343		5.44				1,375,795		22,408		6.48
Cash and cash equivalents		36,030								33,799								31,356
Other assets, less allowance for loan and lease losses		247,195								220,580								173,414
Total assets	$	1,905,691							$	1,754,613							$	1,580,565

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	32,297	$	58		0.72		%	$	33,164	$	64		0.77		%	$	31,510	$	50		0.62		%
NOW and money market deposit accounts⁽²⁾		278,520		973		1.39				258,104		851		1.33				215,078		1,099		2.03
Consumer CDs and IRAs⁽²⁾		218,862		1,765		3.21				178,828		1,535		3.45				165,840		1,797		4.30
Negotiable CDs, public funds and other time deposits⁽²⁾		36,039		288		3.18				24,216		193		3.21				17,392		225		5.15
Total domestic interest-bearing deposits		565,718		3,084		2.17				494,312		2,643		2.15				429,820		3,171		2.93
Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾		36,230		279		3.07				33,777		272		3.25				43,727		566		5.14
Governments and official institutions		11,847		72		2.43				11,789		77		2.62				17,206		218		5.03
Time, savings and other		48,209		334		2.76				55,403		410		2.97				41,868		433		4.09
Total foreign interest-bearing deposits		96,286		685		2.84				100,969		759		3.02				102,801		1,217		4.70
Total interest-bearing deposits		662,004		3,769		2.27				595,281		3,402		2.30				532,621		4,388		3.27
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾		465,511		2,938		2.51				444,578		2,980		2.70				409,070		5,560		5.40
Trading account liabilities		77,271		661		3.40				70,546		749		4.27				86,118		906		4.17
Long-term debt⁽²⁾		264,934		3,100		4.68				205,194		2,238		4.36				175,265		2,336		5.33
Total interest-bearing liabilities - excluding hedge impact		1,469,720		10,468		2.84				1,315,599		9,369		2.86				1,203,074		13,190		4.36
Net hedge (income) expense on liabilities				86								37								226
Total interest-bearing liabilities - including hedge impact		1,469,720		10,554		2.86				1,315,599		9,406		2.87				1,203,074		13,416		4.43
Noninterest-bearing sources:
Noninterest-bearing deposits		195,841								190,721								169,860
Other liabilities		73,676								86,865								73,144
Shareholders’ equity		166,454								161,428								134,487
Total liabilities and shareholders’ equity	$	1,905,691							$	1,754,613							$	1,580,565
Net interest spread						2.69								2.61								2.17
Impact of noninterest-bearing sources						0.27								0.35								0.55
Net interest income/yield on earning assets - excluding hedge impact			$	12,018		2.96		%			$	11,078		2.96		%			$	9,388		2.72		%
Net impact of hedge income (expense)				(98	)	(0.03	)					(141	)	(0.04	)					(396	)	(0.11	)
Net interest income/yield on earning assets			$	11,920		2.93		%			$	10,937		2.92		%			$	8,992		2.61		%

(1)

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

(2)

The following presents the impact of interest rate risk management derivatives on interest income and interest expense.

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


	Third Quarter 2008			Second Quarter 2008			Third Quarter 2007
Time deposits placed and other short-term investments	$	(4	)	$	(4	)	$	(4	)
Federal funds sold and securities purchased under agreements to resell		(36	)		(67	)		(97	)
Debt securities		(3	)		—			(5	)
Commercial - domestic		32			(33	)		(13	)
Commercial - foreign		—			—			(34	)
Other earning assets		(1	)		—			(17	)

Net hedge income (expense) on assets	$	(12	)	$	(104	)	$	(170	)


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
Consumer CDs and IRAs		87			111			152
Negotiable CDs, public funds and other time deposits		3			2			2
Banks located in foreign countries		(13	)		—			(2	)
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		285			107			(41	)
Long-term debt		(276	)		(188	)		110

Net hedge (income) expense on liabilities	$	86		$	37		$	226

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

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

(Dollars in millions)


	Nine Months Ended September 30
	2008						2007
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments	$	10,758	$	282	3.50	%	$	14,059	$	505	4.80	%
Federal funds sold and securities purchased under agreements to resell		135,846		2,920	2.87			157,139		5,974	5.07
Trading account assets		189,579		7,089	4.99			186,137		7,325	5.25
Debt securities ⁽¹⁾		240,347		9,470	5.25			179,589		7,225	5.37
Loans and leases ⁽²⁾:
Residential mortgage		262,478		11,090	5.63			260,469		11,140	5.70
Home equity		129,402		5,623	5.80			94,179		5,342	7.58
Discontinued real estate		7,397		399	7.19			—		—	—
Credit card - domestic		62,784		5,059	10.76			57,148		5,444	12.74
Credit card - foreign		16,297		1,521	12.47			11,694		1,038	11.86
Direct/Indirect consumer⁽³⁾		82,242		5,220	8.48			68,281		4,344	8.51
Other consumer ⁽⁴⁾		3,908		251	8.58			4,614		318	9.21

Total consumer		564,508		29,163	6.90			496,385		27,626	7.43

Commercial - domestic		218,702		8,812	5.38			168,948		9,180	7.26
Commercial real estate ⁽⁵⁾		62,746		2,351	5.00			37,305		2,092	7.50
Commercial lease financing		22,364		557	3.32			19,828		638	4.29
Commercial - foreign		32,254		1,130	4.68			22,696		1,026	6.05

Total commercial		336,066		12,850	5.11			248,777		12,936	6.95

Total loans and leases		900,574		42,013	6.23			745,162		40,562	7.27

Other earning assets		67,513		3,202	6.33			70,091		3,333	6.35

Total earning assets ⁽⁶⁾		1,544,617		64,976	5.61			1,352,177		64,924	6.41

Cash and cash equivalents		34,598						32,881
Other assets, less allowance for loan and lease losses		229,550						169,702

Total assets	$	1,808,765					$	1,554,760

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	32,419	$	172	0.71	%	$	32,436	$	138	0.57	%
NOW and money market deposit accounts		261,918		2,968	1.51			213,230		3,027	1.90
Consumer CDs and IRAs		195,318		5,569	3.81			162,372		5,638	4.64
Negotiable CDs, public funds and other time deposits		30,838		806	3.49			15,690		554	4.72

Total domestic interest-bearing deposits		520,493		9,515	2.44			423,728		9,357	2.95

Foreign interest-bearing deposits:
Banks located in foreign countries		36,401		938	3.44			42,025		1,617	5.14
Governments and official institutions		12,758		281	2.94			16,529		620	5.01
Time, savings and other		52,211		1,220	3.12			40,587		1,246	4.10

Total foreign interest-bearing deposits		101,370		2,439	3.21			99,141		3,483	4.70

Total interest-bearing deposits		621,863		11,954	2.57			522,869		12,840	3.28

Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		454,355		10,452	3.07			414,126		16,369	5.28
Trading account liabilities		76,752		2,250	3.92			83,132		2,619	4.21
Long-term debt		223,017		7,172	4.29			160,895		6,721	5.57

Total interest-bearing liabilities ⁽⁶⁾		1,375,987		31,828	3.09			1,181,022		38,549	4.36

Noninterest-bearing sources:
Noninterest-bearing deposits		188,800						172,596
Other liabilities		83,088						67,264
Shareholders’ equity		160,890						133,878

Total liabilities and shareholders’ equity	$	1,808,765					$	1,554,760

Net interest spread					2.52	%					2.05	%
Impact of noninterest-bearing sources					0.34						0.55

Net interest income/yield on earning assets			$	33,148	2.86	%			$	26,375	2.60	%

(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 foreign consumer loans of $3.0 billion and $3.9 billion for the nine months ended September 30, 2008 and 2007.

(4)

Includes consumer finance loans of $2.8 billion and $3.2 billion, and other foreign consumer loans of $947 million and $1.2 billion for the nine months ended September 30, 2008 and 2007.

(5)

Includes domestic commercial real estate loans of $61.6 billion and $36.6 billion for the nine months ended September 30, 2008 and 2007.

(6)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $219 million and $408 million for the nine months ended September 30, 2008 and 2007. Interest expense includes the impact of interest rate risk management contracts, which increased interest expense on the underlying liabilities $172 million and $612 million for the nine months ended September 30, 2008 and 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.		9

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)


	Nine Months Ended September 30
	2008								2007
	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⁾	$	10,758	$	294		3.65		%	$	14,059	$	546		5.19		%
Federal funds sold and securities purchased under agreements to resell⁽²⁾		135,846		3,093		3.04				157,139		6,277		5.33
Trading account assets		189,579		7,089		4.99				186,137		7,325		5.25
Debt securities ⁽²⁾		240,347		9,474		5.26				179,589		7,241		5.38
Loans and leases:
Residential mortgage		262,478		11,090		5.63				260,469		11,140		5.70
Home equity		129,402		5,623		5.80				94,179		5,342		7.58
Discontinued real estate		7,397		399		7.19				—		—		—
Credit card - domestic		62,784		5,059		10.76				57,148		5,444		12.74
Credit card - foreign		16,297		1,521		12.47				11,694		1,038		11.86
Direct/Indirect consumer		82,242		5,220		8.48				68,281		4,344		8.51
Other consumer		3,908		251		8.58				4,614		318		9.21
Total consumer		564,508		29,163		6.90				496,385		27,626		7.43
Commercial - domestic⁽²⁾		218,702		8,840		5.40				168,948		9,201		7.28
Commercial real estate		62,746		2,351		5.00				37,305		2,092		7.50
Commercial lease financing		22,364		557		3.32				19,828		638		4.29
Commercial - foreign ⁽²⁾		32,254		1,130		4.68				22,696		1,025		6.04
Total commercial		336,066		12,878		5.12				248,777		12,956		6.96
Total loans and leases		900,574		42,041		6.21				745,162		40,582		7.28
Other earning assets⁽²⁾		67,513		3,204		6.33				70,091		3,361		6.41
Total earning assets - excluding hedge impact		1,544,617		65,195		5.62				1,352,177		65,332		6.45
Net hedge income (expense) on assets				(219	)							(408	)
Total earning assets - including hedge impact		1,544,617		64,976		5.61				1,352,177		64,924		6.41
Cash and cash equivalents		34,598								32,881
Other assets, less allowance for loan and lease losses		229,550								169,702
Total assets	$	1,808,765							$	1,554,760

Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	32,419	$	172		0.71		%	$	32,436	$	138		0.57		%
NOW and money market deposit accounts⁽²⁾		261,918		2,958		1.51				213,230		3,013		1.89
Consumer CDs and IRAs⁽²⁾		195,318		5,250		3.59				162,372		5,134		4.23
Negotiable CDs, public funds and other time deposits⁽²⁾		30,838		799		3.46				15,690		547		4.67
Total domestic interest-bearing deposits		520,493		9,179		2.36				423,728		8,832		2.79
Foreign interest-bearing deposits:
Banks located in foreign countries⁽²⁾		36,401		949		3.48				42,025		1,615		5.14
Governments and official institutions		12,758		281		2.94				16,529		620		5.01
Time, savings and other		52,211		1,220		3.12				40,587		1,246		4.10
Total foreign interest-bearing deposits		101,370		2,450		3.23				99,141		3,481		4.69
Total interest-bearing deposits		621,863		11,629		2.50				522,869		12,313		3.15
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings ⁽²⁾		454,355		10,052		2.95				414,126		16,671		5.38
Trading account liabilities		76,752		2,250		3.92				83,132		2,619		4.21
Long-term debt⁽²⁾		223,017		7,725		4.62				160,895		6,334		5.25
Total interest-bearing liabilities - excluding hedge impact		1,375,987		31,656		3.07				1,181,022		37,937		4.29
Net hedge (income) expense on liabilities				172								612
Total interest-bearing liabilities - including hedge impact		1,375,987		31,828		3.09				1,181,022		38,549		4.36
Noninterest-bearing sources:
Noninterest-bearing deposits		188,800								172,596
Other liabilities		83,088								67,264
Shareholders’ equity		160,890								133,878
Total liabilities and shareholders’ equity	$	1,808,765							$	1,554,760
Net interest spread						2.55								2.16
Impact of noninterest-bearing sources						0.34								0.54
Net interest income/yield on earning assets - excluding hedge impact			$	33,539		2.89		%			$	27,395		2.70		%
Net impact of hedge income (expense)				(391	)	(0.03	)					(1,020	)	(0.10	)
Net interest income/yield on earning assets			$	33,148		2.86		%			$	26,375		2.60		%

(1)

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

(2)

The following presents the impact of interest rate risk management derivatives on interest income and interest expense.

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


	Nine Months Ended September 30
	2008			2007
Time deposits placed and other short-term investments	$	(12	)	$	(41	)
Federal funds sold and securities purchased under agreements to resell		(173	)		(303	)
Debt securities		(4	)		(16	)
Commercial - domestic		(28	)		(21	)
Commercial - foreign		—			1
Other earning assets		(2	)		(28	)

Net hedge income (expense) on assets	$	(219	)	$	(408	)


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

NOW and money market deposit accounts	$	10		$	14
Consumer CDs and IRAs		319			504
Negotiable CDs, public funds and other time deposits		7			7
Banks located in foreign countries		(11	)		2
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		400			(302	)
Long-term debt		(553	)		387

Net hedge (income) expense on liabilities	$	172		$	612

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

Global Consumer and Small Business Banking - Key Indicators

(Dollars in millions; except as noted)


	Nine Months Ended September 30						Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
	2008			2007			Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
Deposits and Student Lending Key Indicators
Average retail deposit balances
Checking	$	181,337		$	173,593		$	180,678		$	183,920		$	179,426		$	176,189		$	171,380
Savings		32,039			32,020			31,959			32,765			31,393			31,534			31,081
MMS		127,559			107,295			140,660			130,718			120,563			115,122			109,754
CD’s & IRA’s		185,263			157,372			218,711			178,394			187,678			183,640			162,072
Foreign and other		3,331			2,847			4,039			3,689			2,718			3,546			3,173

Total average retail deposit balances	$	529,529		$	473,127		$	576,047		$	529,486		$	521,778		$	510,031		$	477,460


Retail deposit spreads (excludes noninterest costs)
Checking		4.10	%		4.25	%		4.09	%		4.03	%		4.16	%		4.26	%		4.26	%
Savings		3.83			3.75			3.79			3.74			3.91			3.79			3.74
MMS		1.04			2.98			1.07			1.11			1.20			2.40			2.95
CD’s & IRA’s		0.13			1.01			0.18			0.32			0.44			0.80			0.97
Foreign and other		3.98			4.35			2.94			3.84			4.43			4.37			4.32
Total retail deposit spreads		1.90			2.83			1.86			2.02			2.10			2.55			2.79

Net new retail checking (units in thousands)		2,043			1,961			812			674			557			343			757

Online banking (end of period)
Active accounts (units in thousands)		27,929			23,057			27,929			25,299			24,949			23,791			23,057
Active billpay accounts (units in thousands)		15,433			11,928			15,433			13,269			13,081			12,552			11,928

Card Services Key Indicators
Managed credit card data ⁽¹⁾
Gross interest yield		11.63	%		12.73	%		11.52	%		11.44	%		11.94	%		12.48	%		12.74	%
Loss rates		5.85			4.81			6.40			5.96			5.19			4.75			4.67
Average outstandings	$	185,258		$	169,005		$	186,408		$	185,659		$	183,694		$	178,411		$	172,002
Ending outstandings		183,398			173,770			183,398			187,162			183,758			183,691			173,770
New account growth (in thousands)		7,051			8,260			1,766			2,670			2,615			3,509			2,895
Purchase volumes	$	186,940		$	183,965		$	62,662		$	64,457		$	59,821		$	68,380		$	63,494
Delinquencies:
30 Day		5.89	%		5.24	%		5.89	%		5.53	%		5.61	%		5.45	%		5.24	%
90 Day		2.88			2.48			2.88			2.82			2.83			2.66			2.48

Mortgage, Home Equity and Insurance Services Key Indicators
Mortgage servicing rights at fair value period end balance	$	20,811		$	3,179		$	20,811		$	4,250		$	3,163		$	3,053		$	3,179
Capitalized mortgage servicing rights (% of loans serviced)		126	bps		130	bps		126	bps		145	bps		118	bps		118	bps		130	bps
Mortgage loans serviced for investors (in billions)	$	1,654		$	245		$	1,654		$	292		$	268		$	259		$	245

Global Consumer and Small Business Banking
Mortgage production	$	86,184		$	70,934		$	49,625		$	18,515		$	18,044		$	22,370		$	24,533
Home equity production		27,487			53,135			4,669			8,997			13,821			16,001			17,352

Total Corporation
Mortgage production		95,899			79,551			51,539			22,438			21,922			24,834			26,930
Home equity production		34,573			64,884			6,432			11,500			16,641			19,299			21,105

(1)

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

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


This information is preliminary and based on company data available at the time of the presentation		11

Bank of America Corporation and Subsidiaries

E-Commerce & BankofAmerica.com

Bank of America has the largest active online banking customer base with 27.9 million subscribers.

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

15.4 million active bill pay users paid $47.7 billion worth of bills this quarter (through August 31, 2008). 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.

Approximately 37.6 million e-bills were presented in the 3rd quarter.


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

Bank of America Corporation and Subsidiaries

Credit Card Data ⁽¹⁾

(Dollars in millions)


	Nine Months Ended September 30							Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
	2008			2007				Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
Loans
Period end
Held credit card outstandings	$	81,350		$	71,702			$	81,350		$	78,642		$	75,911		$	80,724		$	71,702
Securitization impact		102,048			102,068				102,048			108,520			107,847			102,967			102,068

Managed credit card outstandings	$	183,398		$	173,770			$	183,398		$	187,162		$	183,758		$	183,691		$	173,770

Average
Held credit card outstandings	$	79,081		$	68,842			$	80,489		$	78,221		$	78,518		$	74,392		$	69,486
Securitization impact		106,177			100,163				105,919			107,438			105,176			104,019			102,516

Managed credit card outstandings	$	185,258		$	169,005			$	186,408		$	185,659		$	183,694		$	178,411		$	172,002


Credit Quality
Charge-Offs $
Held net charge-offs	$	3,306		$	2,595			$	1,242		$	1,108		$	956		$	846		$	808
Securitization impact		4,813			3,481				1,754			1,643			1,416			1,292			1,216

Managed credit card net losses	$	8,119		$	6,076			$	2,996		$	2,751		$	2,372		$	2,138		$	2,024

Charge-Offs %
Held net charge-offs		5.58	%		5.04		%		6.14	%		5.69	%		4.90	%		4.51	%		4.61		%
Securitization impact		0.27			(0.23	)			0.26			0.27			0.29			0.24			0.06

Managed credit card net losses		5.85	%		4.81		%		6.40	%		5.96	%		5.19	%		4.75	%		4.67		%

30+ Delinquency $
Held delinquency	$	4,675		$	3,727			$	4,675		$	4,121		$	4,017		$	4,298		$	3,727
Securitization impact		6,126			5,381				6,126			6,226			6,288			5,710			5,381

Managed delinquency	$	10,801		$	9,108			$	10,801		$	10,347		$	10,305		$	10,008		$	9,108

30+ Delinquency %
Held delinquency		5.75	%		5.20		%		5.75	%		5.24	%		5.29	%		5.32	%		5.20		%
Securitization impact		0.14			0.04				0.14			0.29			0.32			0.13			0.04

Managed delinquency		5.89	%		5.24		%		5.89	%		5.53	%		5.61	%		5.45	%		5.24		%

90+ Delinquency $
Held delinquency	$	2,330		$	1,788			$	2,330		$	2,109		$	2,055		$	2,127		$	1,788
Securitization impact		2,958			2,514				2,958			3,169			3,137			2,757			2,514

Managed delinquency	$	5,288		$	4,302			$	5,288		$	5,278		$	5,192		$	4,884		$	4,302

90+ Delinquency %
Held delinquency		2.87	%		2.49		%		2.87	%		2.68	%		2.71	%		2.63	%		2.49		%
Securitization impact		0.01			(0.01	)			0.01			0.14			0.12			0.03			(0.01	)

Managed delinquency		2.88	%		2.48		%		2.88	%		2.82	%		2.83	%		2.66	%		2.48		%

(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.		13

Bank of America Corporation and Subsidiaries

Global Corporate and Investment Banking - Business Lending Key Indicators

(Dollars in millions)


	Nine Months Ended September 30						Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
	2008			2007			Third Quarter 2008			Second Quarter 2008			First Quarter 2008			Fourth Quarter 2007			Third Quarter 2007
Provision for credit losses
Corporate lending	$	64		$	68		$	84		$	(31	)	$	11		$	(26	)	$	66
Commercial lending		1,033			48			416			294			323			144			70
Consumer indirect lending		604			257			280			135			189			162			102

Total provision for credit losses	$	1,701		$	373		$	780		$	398		$	523		$	280		$	238

Credit quality ^{(1, 2, 3)}

Utilized criticized exposure
Corporate lending	$	6,378		$	1,535		$	6,378		$	4,947		$	3,235		$	2,098		$	1,535
		5.83	%		1.99	%		5.83	%		4.93	%		3.24	%		2.44	%		1.99	%
Commercial lending	$	24,677		$	8,006		$	24,677		$	21,168		$	17,351		$	13,926		$	8,006
		9.13	%		4.23	%		9.13	%		7.98	%		6.73	%		5.40	%		4.23	%

Total utilized criticized exposure	$	31,055		$	9,541		$	31,055		$	26,115		$	20,586		$	16,024		$	9,541
		8.18	%		3.58	%		8.18	%		7.15	%		5.76	%		4.79	%		3.58	%
Nonperforming assets
Corporate lending	$	407		$	269		$	407		$	150		$	150		$	115		$	269
		0.65	%		0.61	%		0.65	%		0.27	%		0.30	%		0.24	%		0.61	%
Commercial lending	$	4,370		$	777		$	4,370		$	3,680		$	2,603		$	1,923		$	777
		1.69	%		0.39	%		1.69	%		1.42	%		1.02	%		0.77	%		0.39	%

Total nonperforming assets	$	4,777		$	1,046		$	4,777		$	3,830		$	2,753		$	2,038		$	1,046
		1.49	%		0.43	%		1.49	%		1.22	%		0.90	%		0.69	%		0.43	%
Average loans and leases by product
Commercial	$	157,149		$	117,855		$	160,648		$	157,850		$	152,914		$	150,192		$	120,357
Leases		24,376			21,745			24,574			24,287			24,264			24,246			22,051
Foreign		24,405			15,948			25,256			25,132			22,818			22,930			17,952
Real estate		58,650			34,867			59,169			58,656			58,118			55,814			36,120
Consumer		40,445			40,418			42,205			40,345			38,765			39,613			40,956
Other		1,740			2,026			1,515			1,822			1,885			1,991			1,940

Total average loans and leases	$	306,765		$	232,859		$	313,367		$	308,092		$	298,764		$	294,786		$	239,376

(1)

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 is 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.

(2)

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.

(3)

Criticized exposure related to the fair value option portfolio is 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.		14

Bank of America Corporation and Subsidiaries

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

(Dollars in millions)


	Nine Months Ended September 30			Third Quarter 2008		Second Quarter 2008		First Quarter 2008		Fourth Quarter 2007		Third Quarter 2007
	2008		2007	Third Quarter 2008		Second Quarter 2008		First Quarter 2008		Fourth Quarter 2007		Third Quarter 2007
Investment banking income
Advisory fees	$ 180		$ 334	$ 63		$ 51		$ 66		$ 112		$ 94
Debt underwriting	1,342		1,395	378		605		359		377		281
Equity underwriting	400		231	50		110		240		88		61

Total investment banking income	1,922		1,960	491		766		665		577		436

Sales and trading revenue
Fixed income:
Liquid products	3,027		1,559	1,063		1,102		862		596		634
Credit products	(123	)	171	(151	)	683		(655	)	(383	)	(844	)
Structured products	(4,101	)	185	(1,329	)	(922	)	(1,850	)	(5,511	)	(618	)

Total fixed income	(1,197	)	1,915	(417	)	863		(1,643	)	(5,298	)	(828	)
Equity income	807		1,119	175		298		334		206		252

Total sales and trading revenue	(390	)	3,034	(242	)	1,161		(1,309	)	(5,092	)	(576	)

Total Capital Markets and Advisory Services market-based revenue⁽¹⁾	$ 1,532		$ 4,994	$ 249		$ 1,927		$ (644)		$ (4,515)		$ (140)

Balance sheet (average)
Trading account securities	$187,399		$183,705	$188,218		$183,119		$190,849		$188,925		$192,844
Reverse repurchases	57,094		63,193	63,375		51,655		56,184		51,266		52,436
Securities borrowed	69,165		90,358	62,982		65,742		78,839		84,399		81,404
Derivative assets	35,043		25,796	34,643		35,537		34,953		28,282		28,611

Total trading-related assets	$348,701		$363,052	$349,218		$336,053		$360,825		$352,872		$355,295

Sales credits from secondary trading
Liquid products	1,511		1,327	510		479		522		467		507
Credit products	1,033		1,198	295		384		354		346		422
Structured products	558		628	190		202		166		133		161
Equities	733		864	192		259		282		262		277

Total sales credits	3,835		4,017	1,187		1,324		1,324		1,208		1,367

Volatility of product revenues - 1 std dev
Liquid products	$ 22.9		$ 11.5	$ 27.1		$ 22.4		$ 17.8		$ 10.4		$ 16.3
Credit products	23.1		11.4	24.7		8.8		26.5		12.0		21.8
Structured products	11.1		16.1	7.6		10.2		14.3		408.1		33.5
Equities	13.7		9.2	10.1		14.1		15.8		7.3		16.3
Total volatility	57.5		28.6	58.4		40.6		64.4		405.5		54.9

(1)

Excludes $75 million and $44 million for the nine months ended September 30, 2008 and 2007, and $23 million, $25 million, $27 million, $26 million and $22 million, respectively, for the three months ended September 30, 2008, June 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, of net interest income on loans for which the fair value option has been elected and is not considered market-based income.

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 Corporate and Investment Banking Strategic Progress

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:

Leveraged loans

Convertible debt

High-yield debt

Syndicated loans

Asset-backed securities

Mortgage-backed securities

Investment grade debt

•

Market share for convertible debt, asset-backed securities and investment grade debt for YTD 08 includes self-funded deals, market share without these deals was 11.7%, 9.1% and 10.1%, respectively.


This information is preliminary and based on company data available at the time of the presentation.		16

Bank of America Corporation and Subsidiaries

Super Senior Collateralized Debt Obligation Exposure Rollforward

(Dollars in millions)


	June 30, 2008 Net Exposure	Paydowns /Liquidations / Other		Third Quarter 2008 Net Writedowns ⁽¹⁾		September 30, 2008 Net Exposure
Super senior liquidity commitments
High grade	$ 714	$ (26	)	$ —		$ 688
Mezzanine	358	—		(21	)	337
CDO-squared	—	—		—		—

Total super senior liquidity commitments	1,072	(26	)	(21	)	1,025

Other super senior exposure
High grade	3,608	(13	)	(257	)	3,338
Mezzanine	277	(14	)	(84	)	179
CDO-squared	1,804	(9	)	(363	)	1,432

Total other super senior	5,689	(36	)	(704	)	4,949

Total super senior	$6,761	$ (62	)	$(725	)	$5,974

Purchased securities from liquidated CDOs	1,667	(57	)	(152	)	1,458

Total	$8,428	$(119	)	$(877	)	$7,432

(1)

Net of insurance.

Super Senior Collateralized Debt Obligation Exposure

(Dollars in millions)

Total CDO Exposure at September 30, 2008

Total CDO

Subprime Exposure ⁽¹⁾

Non-Subprime Exposure ⁽²⁾

Net Exposure

Gross

Insured

Net of
Insured
Amount

Cumulative
Writedowns ⁽³⁾

Net
Exposure

Gross

Insured

Net of
Insured
Amount

Cumulative
Writedowns ⁽³⁾

Net
Exposure

September 30
2008

June 30
2008

Super senior liquidity commitments

High grade

$ —

$ 688

$ —

$ 688

$ —

$ 688

$ 714

Mezzanine

363

—

363

(26

)

337

—

337

358

CDO-squared

—

Total super senior liquidity commitments

363

—

363

(26

)

337

688

—

688

—

688

1,025

1,072

Other super senior exposure

High grade

5,142

(3,723

)

1,419

(477

)

942

3,459

(735

)

2,724

(328

)

2,396

3,338

3,608

Mezzanine

1,006

—

1,006

(827

)

179

—

179

277

CDO-squared

5,098

—

5,098

(3,666

)

1,432

349

(349

)

—

1,432

1,804

Total other super senior

11,246

(3,723

)

7,523

(4,970

)

2,553

3,808

(1,084

)

2,724

(328

)

2,396

4,949

5,689

Total super senior

$11,609

$(3,723

)

$7,886

$(4,996

)

$2,890

4,496

(1,084

)

$3,412

$(328

)

$3,084

$5,974

$6,761

Purchased securities from liquidated CDOs

1,750

—

1,750

(292

)

1,458

—

1,458

1,667

Total

$13,359

$(3,723

)

$9,636

$(5,288

)

$4,348

$4,496

$(1,084

)

$3,412

$(328

)

$3,084

$7,432

$8,428

(1)

Classified as subprime when subprime consumer real estate loans make up at least 35 percent of the ultimate underlying collateral’s original net exposure value.

(2)

Includes highly-rated collateralized loan obligations and commercial mortgage-backed securities super senior exposure.

(3)

Net of insurance excluding losses taken on liquidated CDOs.

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.		17

Bank of America Corporation and Subsidiaries

Subprime Super Senior Collateralized Debt Obligation Carrying Values ⁽¹⁾

(Dollars in millions)


	September 30, 2008
	Subprime Net Exposure	Carrying Value as a Percent of Original Net Exposure		Subprime Content of Collateral ⁽²⁾		Vintage of Subprime Collateral
	Subprime Net Exposure	Carrying Value as a Percent of Original Net Exposure		Subprime Content of Collateral ⁽²⁾		Percent in 2006/2007 Vintages		Percent in 2005/Prior Vintages
Super senior liquidity commitments
High grade	$ —	—	%	—	%	—	%	—	%
Mezzanine	337	93		42		46		54
CDO-squared	—	—		—		—		—

Total super senior liquidity commitments	337	93

Other super senior exposure
High grade	942	66		56		14		86
Mezzanine	179	18		73		69		31
CDO-squared	1,432	28		23		71		29

Total other super senior	2,553	34

Total super senior	$2,890	37


Purchased securities from liquidated CDOs	1,458	48		51		38		62


Total	$4,348	40

(1)

Classified as subprime when subprime consumer real estate loans make up at least 35 percent of the ultimate underlying collateral’s original net exposure value.

(2)

Based on current net exposure value.

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.		18

Bank of America Corporation and Subsidiaries

Outstanding Loans and Leases

(Dollars in millions)


	September 30 2008	June 30 2008	Increase (Decrease)
Consumer
Residential mortgage	$256,989	$235,472	$21,517
Home equity	151,938	121,409	30,529
Discontinued real estate ⁽¹⁾	22,081	—	22,081
Credit card - domestic	63,012	62,081	931
Credit card - foreign	18,338	16,561	1,777
Direct/Indirect consumer⁽²⁾	82,849	84,907	(2,058	)
Other consumer ⁽³⁾	3,680	3,859	(179	)

Total consumer	598,887	524,289	74,598

Commercial
Commercial - domestic ⁽⁴⁾	219,303	220,610	(1,307	)
Commercial real estate ⁽⁵⁾	63,736	62,897	839
Commercial lease financing	22,416	22,815	(399	)
Commercial - foreign	32,951	34,839	(1,888	)

Total commercial loans measured at historical cost	338,406	341,161	(2,755	)
Commercial loans measured at fair value ⁽⁶⁾	5,383	5,014	369

Total commercial	343,789	346,175	(2,386	)

Total loans and leases	$942,676	$870,464	$72,212

(1)

At September 30, 2008, includes $20.1 billion of pay option loans and $1.9 billion of subprime mortgage and home equity loans acquired in connection with the acquisition of Countrywide Financial Corporation which the Corporation will no longer originate.

(2)

Includes foreign consumer loans of $2.4 billion and $2.9 billion at September 30, 2008 and June 30, 2008.

(3)

Includes consumer finance loans of $2.7 billion and $2.8 billion, and other foreign consumer loans of $736 million and $839 million at September 30, 2008 and June 30, 2008.

(4)

Includes small business commercial - domestic loans, primarily card related, of $19.4 billion and $19.9 billion at September 30, 2008 and June 30, 2008.

(5)

Includes domestic commercial real estate loans of $62.7 billion and $61.8 billion, and foreign commercial real estate loans of $1.0 billion and $1.1 billion at September 30, 2008 and June 30, 2008.

(6)

Certain commercial loans are measured at fair value in accordance with SFAS 159 and include commercial - domestic loans of $4.0 billion and $3.5 billion, commercial - foreign loans of $1.2 billion and $1.3 billion, and commercial real estate loans of $213 million and $176 million at September 30, 2008 and June 30, 2008.

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.		19

Bank of America Corporation and Subsidiaries

Nonperforming Assets

(Dollars in millions)


	September 30 2008		June 30 2008		March 31 2008		December 31 2007		September 30 2007
Residential mortgage	$ 4,477		$ 3,269		$ 2,576		$ 1,999		$ 1,176
Home equity	2,022		1,851		1,786		1,340		764
Discontinued real estate	2		—		—		—		—
Direct/Indirect consumer	13		11		6		8		6
Other consumer	89		89		91		95		94

Total consumer	6,603		5,220		4,459		3,442		2,040

Commercial - domestic ⁽¹⁾	1,566		1,079		980		852		638
Commercial real estate	3,090		2,616		1,627		1,099		352
Commercial lease financing	35		40		44		33		29
Commercial - foreign	48		48		54		19		16

	4,739		3,783		2,705		2,003		1,035
Small business commercial - domestic	183		153		169		152		105

Total commercial	4,922		3,936		2,874		2,155		1,140

Total nonperforming loans and leases	11,525		9,156		7,333		5,597		3,180
Foreclosed properties	1,832		593		494		351		192

Total nonperforming assets ^{(2, 3)}	$13,357		$ 9,749		$ 7,827		$ 5,948		$ 3,372

Loans past due 90 days or more and still accruing ^{(3, 4)}	$11,600		$ 4,548		$ 4,160		$ 3,736		$ 2,955
Nonperforming assets/Total assets ⁽⁵⁾	0.73	%	0.57	%	0.45	%	0.35	%	0.21	%
Nonperforming assets/Total loans, leases and foreclosed properties⁽⁵⁾	1.42		1.13		0.90		0.68		0.43
Nonperforming loans and leases/Total loans and leases outstanding measured at historical cost ⁽⁵⁾	1.23		1.06		0.84		0.64		0.40
Allowance for credit losses:
Allowance for loan and lease losses	$20,346		$17,130		$14,891		$11,588		$ 9,535
Reserve for unfunded lending commitments	427		507		507		518		392

Total allowance for credit losses	$20,773		$17,637		$15,398		$12,106		$ 9,927

Allowance for loan and lease losses/Total loans and leases outstanding measured at historical cost ⁽⁵⁾	2.17	%	1.98	%	1.71	%	1.33	%	1.21	%
Allowance for loan and lease losses/Total nonperforming loans and leases measured at historical cost	177		187		203		207		300
Commercial utilized criticized exposure ⁽⁶⁾	$33,837		$28,322		$22,720		$17,544		$10,803
Commercial utilized criticized exposure/Commercial utilized exposure ⁽⁶⁾	7.32	%	6.16	%	5.16	%	4.18	%	3.06	%

(1)

Excludes small business commercial - domestic loans.

(2)

Balances do not include nonperforming loans held-for-sale included in other assets of $848 million, $388 million, $327 million, $188 million and $93 million at September 30, 2008, June 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, respectively.

(3)

Balances do not include loans measured at fair value in accordance with SFAS 159. At September 30, 2008, June 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, there were no nonperforming loans measured at fair value in accordance with SFAS 159. At June 30, 2008, there were $81 million of loans past due 90 days or more and still accruing interest measured at fair value in accordance with SFAS 159. At September 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, there were no loans past due 90 days or more and still accruing interest measured at fair value in accordance with SFAS 159.

(4)

Balances do not include loans held-for-sale past due 90 days or more and still accruing interest included in other assets of $138 million, $32 million, $69 million, $79 million and $8 million at September 30, 2008, June 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, respectively.

(5)

Ratios do not include loans measured at fair value in accordance with SFAS 159 of $5.4 billion, $5.0 billion, $5.1 billion, $4.6 billion and $4.5 billion at September 30, 2008, June 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, respectively.

(6)

Criticized exposure and ratios exclude assets held-for-sale and exposure measured at fair value in accordance with SFAS 159. Including assets held-for-sale and commercial loans measured at fair value, the ratios would have been 7.94 percent, 6.62 percent, 6.12 percent, 4.77 percent and 3.66 percent at September 30, 2008, June 30, 2008, March 31, 2008, December 31, 2007 and September 30, 2007, respectively.

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

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


This information is preliminary and based on company data available at the time of the presentation.		20

Bank of America Corporation and Subsidiaries

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

(Dollars in millions)


	Third Quarter 2008				Second Quarter 2008			First Quarter 2008				Fourth Quarter 2007			Third Quarter 2007
Held Basis	Amount		Percent		Amount	Percent		Amount		Percent		Amount	Percent		Amount		Percent
Residential mortgage	$ 242		0.37	%	$ 151	0.24	%	$ 66		0.10	%	$ 27	0.04	%	$ 13		0.02	%
Home equity	964		2.53		923	3.09		496		1.71		179	0.63		50		0.20
Discontinued real estate	(3	)	(0.05	)	—	—		—		—		—	—		—		—
Credit card - domestic	1,094		6.86		976	6.36		847		5.39		738	4.87		712		4.91
Credit card - foreign	148		3.46		132	3.21		109		2.87		108	2.99		96		3.19
Direct/Indirect consumer	845		3.94		660	3.22		555		2.84		456	2.41		353		1.92
Other consumer	106		11.36		83	8.47		86		8.61		96	9.08		78		7.18

Total consumer	3,396		2.24		2,925	2.17		2,159		1.58		1,604	1.17		1,302		0.99

Commercial - domestic ⁽³⁾	117		0.23		70	0.14		77		0.16		64	0.13		11		0.03
Commercial real estate	262		1.65		136	0.88		107		0.70		17	0.12		28		0.28
Commercial lease financing	8		0.13		6	0.11		15		0.27		17	0.31		(3	)	(0.07	)
Commercial - foreign	46		0.56		5	0.06		(7	)	(0.10	)	2	0.03		(4	)	(0.06	)

	433		0.54		217	0.28		192		0.25		100	0.13		32		0.05
Small business commercial - domestic	527		10.64		477	9.59		364		7.44		281	5.92		239		5.38

Total commercial	960		1.13		694	0.84		556		0.69		381	0.47		271		0.42

Total net charge-offs	$4,356		1.84		$3,619	1.67		$2,715		1.25		$1,985	0.91		$1,573		0.80

Supplemental managed basis data
Credit card - domestic	$2,643		6.87	%	$2,414	6.36	%	$2,068		5.48	%	$1,816	4.90	%	$1,707		4.76	%
Credit card - foreign	353		4.21		337	4.11		304		3.84		322	4.06		317		4.24

Total credit card managed net losses	$2,996		6.40		$2,751	5.96		$2,372		5.19		$2,138	4.75		$2,024		4.67

(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 $283 million, home equity $768 million, discontinued real-estate $943, commercial - domestic $14 million, commercial real estate $17 million and small business commercial - domestic $3 million for the three months ended September 30, 2008; on residential mortgage $3 million, home equity $4 million, commercial - domestic $3 million, commercial real estate $8 million and small business commercial - domestic $2 million for the three months ended June 30, 2008; on residential mortgage $2 million, home equity $3 million, commercial - domestic $3 million, commercial real estate $8 million and small business commercial - domestic $3 million for the three months ended March 31, 2008; and on residential mortgage $2 million, home equity $8 million, direct/indirect consumer $2 million, commercial - domestic $29 million, commercial real estate $27 million, commercial lease financing $2 million and small business commercial - domestic $5 million for the three months ended December 31, 2007. The impact of SOP 03-3 was not material for the three months ended September 30, 2007. Refer to Exhibit A on page 24 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)

Excludes small business commercial - domestic loans.

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.		21

Bank of America Corporation and Subsidiaries

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

(Dollars in millions)


	Nine Months Ended September 30
	2008				2007
Held Basis	Amount		Percent		Amount		Percent
Residential mortgage	$ 459		0.23	%	$ 30		0.02	%
Home equity	2,383		2.46		95		0.13
Discontinued real estate	(3	)	(0.05	)	—		—
Credit card - domestic	2,917		6.20		2,325		5.44
Credit card - foreign	389		3.19		270		3.09
Direct/Indirect consumer	2,060		3.35		917		1.75
Other consumer	275		9.45		182		5.78

Total consumer	8,480		2.01		3,819		1.02

Commercial - domestic ⁽³⁾	264		0.18		64		0.06
Commercial real estate	505		1.08		30		0.11
Commercial lease financing	29		0.17		(15	)	(0.10	)
Commercial - foreign	44		0.18		(1	)	(0.01	)

	842		0.36		78		0.04
Small business commercial - domestic	1,368		9.23		598		4.82

Total commercial	2,210		0.89		676		0.37

Total net charge-offs	$10,690		1.59		$4,495		0.80

Supplemental managed basis data
Credit card - domestic	$ 7,125		6.24	%	$5,144		4.91	%
Credit card - foreign	994		4.06		932		4.31

Total credit card managed net losses	$ 8,119		5.85		$6,076		4.81

(1)

(2)

Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on residential mortgage $288 million, home equity $775 million, discontinued real estate $943 million, commercial - domestic $20 million, commercial real estate $33 million and small business commercial - domestic $8 million for the nine months ended September 30, 2008. The impact of SOP 03-3 was not material for the nine months ended September 30, 2007. Refer to Exhibit A on page 24 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)

Excludes small business commercial - domestic loans.

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.		22

Bank of America Corporation and Subsidiaries

Allocation of the Allowance for Credit Losses by Product Type

(Dollars in millions)


	September 30 2008			June 30 2008			September 30 2007
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	$ 1,376	0.54	%	$ 792	0.34	%	$ 201	0.07	%
Home equity	4,744	3.12		3,812	3.14		402	0.40
Discontinued real estate	82	0.37		—	—		—	—
Credit card - domestic	3,624	5.75		3,210	5.17		2,751	4.69
Credit card - foreign	633	3.45		474	2.86		345	2.66
Direct/Indirect consumer	3,742	4.52		2,964	3.49		1,743	2.36
Other consumer	184	5.02		185	4.81		157	3.64

Total consumer	14,385	2.40		11,437	2.18		5,599	1.07

Commercial - domestic ⁽²⁾	4,072	1.86		3,844	1.74		2,764	1.56
Commercial real estate	1,376	2.16		1,333	2.12		644	1.60
Commercial lease financing	210	0.94		199	0.87		186	0.91
Commercial - foreign	303	0.92		317	0.91		342	1.21

Total commercial	5,961	1.76		5,693	1.67		3,936	1.48

Allowance for loan and lease losses	20,346	2.17		17,130	1.98		9,535	1.21
Reserve for unfunded lending commitments	427			507			392

Allowance for credit losses	$20,773			$17,637			$9,927

(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. Loans measured at fair value include commercial - domestic loans of $4.0 billion, $3.5 billion and $3.6 billion, commercial - foreign loans of $1.2 billion, $1.3 billion and $672 million, and commercial real estate loans of $213 million, $176 million and $224 million at September 30, 2008, June 30, 2008 and September 30, 2007.

(2)

Includes allowance for small business commercial - domestic loans of $2.2 billion, $2.1 billion and $1.2 billion at September 30, 2008, June 30, 2008 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.		23

Exhibit A: Non-GAAP Reconciliation

Reconciliation of Net Charge-offs and Net Charge-off Ratios to Net Charge-offs and Net Charge-off Ratios Excluding the Impact of SOP 03-3 ^{(1, 2)}

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


	Nine Months Ended September 30, 2008					Third Quarter 2008					Second Quarter 2008				First Quarter 2008					Fourth Quarter 2007
	Average Outstanding					Average Outstanding					Average Outstanding				Average Outstanding					Average Outstanding
(Dollars in millions)	Amount		Loans and Leases	Percent		Amount		Loans and Leases	Percent		Amount	Loans and Leases	Percent		Amount		Loans and Leases	Percent		Amount	Loans and Leases	Percent
Residential mortgage	$ 459		$262,478	0.23	%	$ 242		$260,748	0.37	%	$ 151	$256,164	0.24	%	$ 66		$270,541	0.10	%	$ 27	$277,058	0.04	%
Home equity	2,383		129,402	2.46		964		151,142	2.53		923	120,265	3.09		496		116,562	1.71		179	112,369	0.63
Discontinued real estate	(3	)	7,397	(0.05	)	(3	)	22,031	(0.05	)	—	—	—		—		—	—		—	—	—
Credit card - domestic	2,917		62,784	6.20		1,094		63,414	6.86		976	61,655	6.36		847		63,277	5.39		738	60,063	4.87
Credit card - foreign	389		16,297	3.19		148		17,075	3.46		132	16,566	3.21		109		15,241	2.87		108	14,329	2.99
Direct/Indirect consumer	2,060		82,242	3.35		845		85,392	3.94		660	82,593	3.22		555		78,705	2.84		456	75,138	2.41
Other consumer	275		3,908	9.45		106		3,723	11.36		83	3,953	8.47		86		4,049	8.61		96	4,206	9.08

Total consumer	8,480		564,508	2.01		3,396		603,525	2.24		2,925	541,196	2.17		2,159		548,375	1.58		1,604	543,163	1.17

Commercial - domestic	264		198,903	0.18		117		204,402	0.23		70	199,529	0.14		77		192,721	0.16		64	190,902	0.13
Commercial real estate	505		62,746	1.08		262		63,220	1.65		136	62,810	0.88		107		62,202	0.70		17	59,702	0.12
Commercial lease financing	29		22,364	0.17		8		22,585	0.13		6	22,276	0.11		15		22,227	0.27		17	22,239	0.31
Commercial - foreign	44		32,254	0.18		46		33,467	0.56		5	32,820	0.06		(7	)	30,463	(0.10	)	2	29,815	0.03

	842		316,267	0.36		433		323,674	0.54		217	317,435	0.28		192		307,613	0.25		100	302,658	0.13
Small business commercial - domestic	1,368		19,799	9.23		527		19,715	10.64		477	20,008	9.59		364		19,673	7.44		281	22,298	5.92

Total commercial	2,210		336,066	0.89		960		343,389	1.13		694	337,443	0.84		556		327,286	0.69		381	324,956	0.47

Total net charge-offs	$10,690		$900,574	1.59		$4,356		$946,914	1.84		$3,619	$878,639	1.67		$2,715		$875,661	1.25		$1,985	$868,119	0.91


Impact of Purchase Accounting Adjustments⁽³⁾

Residential mortgage	$ 288		$ 833			$ 283		$ 2,480			$ 3				$ 2					$ 2
Home equity	775		1,265			768		3,767			4				3					8
Discontinued real estate	943		1,873			943		5,579			—				—					—
Credit card - domestic	—		—			—		—			—				—					—
Credit card - foreign	—		—			—		—			—				—					—
Direct/Indirect consumer	—		—			—		—			—				—					2
Other consumer	—		—			—		—			—				—					—
Total consumer	2,006		3,971			1,994		$11,826			7				5					12
Commercial - domestic	20		—			14		—			3				3					29
Commercial real estate	33		—			17		—			8				8					27
Commercial lease financing	—		—			—		—			—				—					2
Commercial - foreign	—		—			—		—			—				—					—

	53		—			31		—			11				11					58
Small business commercial - domestic	8		—			3		—			2				3					5

Total commercial	61		—			34		—			13				14					63

Total net charge-offs	$2,067		$3,971			$2,028		$11,826			$20				$19					$75


Net Charge-offs and Net Charge-off Ratios Excluding the Impact of Purchase Accounting Adjustments⁽³⁾

Residential mortgage	$ 747		$263,311	0.38	%	$ 525		$263,228	0.79	%	$ 154	$256,164	0.24	%	$ 68		$270,541	0.10	%	$ 29	$277,058	0.04	%
Home equity	3,158		130,667	3.23		1,732		154,909	4.45		927	120,265	3.10		499		116,562	1.72		187	112,369	0.66
Discontinued real estate	940		9,270	13.54		940		27,610	13.55		—	—	—		—		—	—		—	—	—
Credit card - domestic	2,917		62,784	6.20		1,094		63,414	6.86		976	61,655	6.36		847		63,277	5.39		738	60,063	4.87
Credit card - foreign	389		16,297	3.19		148		17,075	3.46		132	16,566	3.21		109		15,241	2.87		108	14,329	2.99
Direct/Indirect consumer	2,060		82,242	3.35		845		85,392	3.94		660	82,593	3.22		555		78,705	2.84		458	75,138	2.41
Other consumer	275		3,908	9.45		106		3,723	11.36		83	3,953	8.47		86		4,049	8.61		96	4,206	9.08

Total consumer	10,486		568,479	2.46		5,390		615,351	3.48		2,932	541,196	2.18		2,164		548,375	1.59		1,616	543,163	1.18

Commercial - domestic	284		198,903	0.19		131		204,402	0.26		73	199,529	0.15		80		192,721	0.17		93	190,902	0.19
Commercial real estate	538		62,746	1.15		279		63,220	1.75		144	62,810	0.93		115		62,202	0.75		44	59,702	0.30
Commercial lease financing	29		22,364	0.17		8		22,585	0.13		6	22,276	0.11		15		22,227	0.27		19	22,239	0.34
Commercial - foreign	44		32,254	0.18		46		33,467	0.56		5	32,820	0.06		(7	)	30,463	(0.10	)	2	29,815	0.03

	895		316,267	0.38		464		323,674	0.58		228	317,435	0.29		203		307,613	0.27		158	302,658	0.21
Small business commercial - domestic	1,376		19,799	9.28		530		19,715	10.69		479	20,008	9.58		367		19,673	7.36		286	22,298	5.91

Total commercial	2,271		336,066	0.90		994		343,389	1.17		707	337,443	0.86		570		327,286	0.71		444	324,956	0.55

Total net charge-offs	$12,757		$904,545	1.88		$6,384		$958,740	2.66		$3,639	$878,639	1.67		$2,734		$875,661	1.26		$2,060	$868,119	0.95

(1)

Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases measured at historical cost during the period for each loan category. The impact of SOP 03-3 on average outstanding loans and leases for the three months ended June 30, 2008, March 31, 2008 and December 31, 2007 was not material.

(2)

The impact of SOP 03-3 was not material for the three and nine months ended September 30, 2007.

(3)

These adjustments include purchase accounting adjustments in accordance with SOP 03-3 as well as purchase accounting adjustments related to nonimpaired loans


This information is preliminary and based on company data available at the time of the presentation.		24

Appendix: Selected Slides from the

Third Quarter 2008 Earnings Release Presentation


This information is preliminary and based on company data available at the time of the presentation.		25

LOGO

Key Capital Markets Risk Exposures

($ in millions) Exposures

9/30/2008 6/30/2008

Leveraged lending related:

Net new commitments $ 2,535 $ 3,207

Prior commitments - distributed/funded/other (4,342) (3,039)

EOP Unfunded commitments 2,254 4,061

Net new additions 410 122

Sold or syndicated (2,268) (3,518)

EOP Funded commitments 4,296 6,154

Net writedown (145) (64)

Exposure originated prior to market disruption 4,150 6,630

Capital markets commercial mortgage related:

Unfunded commitments 700 717

Funded commitments 7,482 8,487

Net writedown (148) (79)

Other capital markets commercial mortgage writedowns (34) (184)

Super Senior CDO and other subprime related:

Super senior subprime, net of insurance 2,890 3,501

Super senior nonsubprime, net of insurance 3,084 3,260

Retained positions from terminated deals 1,458 1,667

Net writedown (952) (645)