8-K

As filed with the Securities and Exchange Commission on January 23, 2007.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

January 23, 2007

BANK OF AMERICA CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

1-6523

(Commission File Number)

56-0906609

(IRS Employer Identification No.)

100 North Tryon Street

Charlotte, North Carolina

(Address of principal executive offices)

28255

(Zip Code)

704.386.8486

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On January 23, 2007, Bank of America Corporation (the “Registrant”) announced financial results for the fourth quarter and year ended December 31, 2006, reporting fourth quarter net income of $5.26 billion and diluted earnings per common share of $1.16 and for the year net income of $21.13 billion and diluted earnings per common share of $4.59. A copy of the press release announcing the Registrant’s results for the fourth quarter and year ended December 31, 2006 is attached hereto as Exhibit 99.1 and incorporated by reference herein.

ITEM 7.01. REGULATION FD DISCLOSURE.

On January 23, 2007, the Registrant held an investor conference and webcast to disclose financial results for the fourth quarter and year ended December 31, 2006. The Supplemental Information package for use at this conference is furnished herewith as Exhibit 99.2 and incorporated by reference in Item 7.01. All information in the Supplemental Information package is presented as of December 31, 2006, and the Registrant does not assume any obligation to correct or update said information in the future.

The information in the preceding paragraph, as well as Exhibit 99.2 referenced therein shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in filings under the Securities Act of 1933.

ITEM 8.01. OTHER EVENTS.

On January 23, 2007, the Registrant announced financial results for the fourth quarter and year ended December 31, 2006, reporting fourth quarter net income of $5.26 billion and diluted earnings per common share of $1.16 and for the year net income of $21.13 billion and diluted earnings per common share of $4.59. A copy of the press release announcing the Registrant’s results for the fourth quarter and year ended December 31, 2006 is attached hereto as Exhibit 99.1 and incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

The following exhibits are filed herewith:

Exhibit No.
99.1	Press Release dated January 23, 2007 with respect to the Registrant’s financial results for the fourth quarter and year ended December 31, 2006.
99.2	Supplemental Information prepared for use on January 23, 2007 in connection with financial results for the fourth quarter and year ended December 31, 2006.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BANK OF AMERICA CORPORATION
By:	/s/ Neil A. Cotty
	Neil A. Cotty
	Chief Accounting Officer

Dated: January 23, 2007

EXHIBIT INDEX

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
99.1	Press Release dated January 23, 2007 with respect to the Registrant’s financial results for the fourth quarter and year ended December 31, 2006.
99.2	Supplemental Information prepared for use on January 23, 2007 in connection with financial results for the fourth quarter and year ended December 31, 2006.

EX-99.1

Exhibit 99.1

January 23, 2007

Investors may contact:

Kevin Stitt, Bank of America, 1.704.386.5667

Lee McEntire, Bank of America, 1.704.388.6780

Leyla Pakzad, Bank of America, 1.704.386.2024

Reporters may contact:

Scott Silvestri, Bank of America, 1.704.388.9921

scott.silvestri@bankofamerica.com

Bank of America reports record 2006 earnings of $21.13 billion,

or $4.59 per share

Fourth quarter earnings were $5.26 billion or $1.16 per share

2006 EPS grew 14 percent

Fourth quarter EPS up 32 percent

Significant operating leverage drives results

CHARLOTTE — Bank of America Corporation today reported that 2006 net income rose 28 percent to $21.13 billion from $16.47 billion a year earlier, reflecting both the addition of MBNA at the start of the year and organic growth in most major customer segments.

Per share earnings increased 14 percent to $4.59 per diluted share from $4.04 per share last year. Return on average common equity for the year was 16.27 percent.

Excluding pre-tax merger and restructuring charges of $805 million, or 11 cents per share, Bank of America earned $21.64 billion, or $4.70 per share, for the full year 2006.

In the fourth quarter of 2006, net income was $5.26 billion, or $1.16 per diluted share, compared with $3.57 billion, or $0.88 per share, a year earlier. Excluding pre-tax merger and restructuring charges of $244 million, equal to 3 cents per share, earnings per share were $1.19. For the fourth quarter of 2005, pre-tax merger and restructuring charges were $59 million, or 1 cent per share.

The increase in 2006 earnings was driven by growth in card income, including the addition of MBNA, strong growth in capital markets and investment banking activities reflecting the company’s recent investments in those areas, increased equity investment gains, growth in service charges paced by deposit account growth, higher other income and strong expense control. These improvements were partially offset by higher credit costs, again in part because of the addition of MBNA.

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For the year, revenue on a fully taxable-equivalent basis increased 30 percent while expenses rose 24 percent. On a pro forma basis (adjusting for the inclusion of MBNA), revenue increased 10 percent while expenses were flat.

“Bank of America had another strong year in 2006,” said Kenneth D. Lewis, chairman and chief executive officer. “We created opportunities for our customers and clients through improved service, product innovations such as the $0 Online Equity Trade program and Business 24/7^TM for small businesses, new more convenient ATMs and excellent investment performance in our Columbia Funds. Our capital markets groups served more clients than ever before, increasing our market share in important product categories. In short, our associates are proving that when you combine listening to customers to understand their needs with our advantages of scale, innovation and execution, it creates a powerful value proposition that wins in the marketplace.”

2006 Business Highlights

• During 2006, the company acquired and successfully integrated MBNA Corporation, making Bank of America the largest credit card issuer in the U.S. and U.K.

• In November, Bank of America entered into an agreement to acquire US Trust to help bolster its capabilities in serving high net worth clients and expand its base of assets under management.

• Total sales of retail products increased 7 percent in 2006 to 44 million, driven by record sales in checking, debit and online banking products. Online sales increased 44 percent in 2006 across all products, representing 16 percent of total retail sales.

• The company opened a record 2.4 million net new checking accounts supported by programs such as Keep the Change™ as well as eCommerce accessibility and customer referrals.

• Bank of America began offering $0 Online Equity Trades on Oct. 12 in selected markets and in November through most of its franchise, contributing to accelerated growth at Banc of America Investments. The program rewards customers who keep at least $25,000 in deposit balances. In the fourth quarter, the number of self-directed brokerage accounts opened was up 54 percent from the third quarter.

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• Average aggregate retail deposits and Columbia money market mutual fund balances rose 6 percent from 2005. The company takes an integrated view of these products, encouraging customers to choose what is best for them.

• Debit card revenue increased 23 percent to a record $1.91 billion.

• Average small business loans grew 65 percent (25 percent pro forma with MBNA) as the bank focused on deepening its penetration of this segment.

• Credit extended to Business Lending clients grew $15.20 billion to $222.91 billion in the year.

• Capital Markets and Advisory Services revenue rose 21 percent in 2006, driven by a 38 percent rise in debt underwriting fees and a 21 percent increase in fixed income sales and trading as the company invested in its capital markets platforms.

• Total assets under management in Global Wealth and Investment Management grew 13 percent to more than $542 billion, driving an 11 percent increase in asset management fees. Seventy-three percent of mutual fund assets under management were invested in funds (equity, fixed income, and money market funds) where at least one share class placed in the top two quartiles of their peer group as of December 31, 2006. ¹

Fourth Quarter Financial Summary

Revenue

Revenue on a fully taxable-equivalent basis increased 34 percent to $18.82 billion from $14.05 billion in the fourth quarter of 2005. The previous year’s results did not include MBNA.

Net interest income on a fully taxable-equivalent basis was $8.96 billion, compared with $8.10 billion a year earlier. Besides the addition of MBNA, the increase was driven by loan growth and increased benefits from asset and liability management activity, partially offset by lower core deposit levels. The net interest yield tightened 7 basis points to 2.75 percent.

Noninterest income rose 66 percent to $9.87 billion from $5.95 billion. Besides the addition of MBNA, which helped boost card income, these results were supported by equity investment gains, continued strength in service fee income and investment banking. The sale of Bank of America’s Asia Commercial Banking unit resulted in a $165 million gain.

Sales of debt securities resulted in a $21 million gain in the fourth quarter of 2006 compared with a $71 million gain a year earlier.

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Efficiency

The efficiency ratio on a fully taxable-equivalent basis for the fourth quarter of 2006 was 48.31 percent (47.02 percent before merger and restructuring charges) driven by continued positive operating leverage. Noninterest expense increased to $9.09 billion from $7.32 billion a year ago. Expenses increased primarily because of the addition of MBNA.

Pre-tax cost savings for the merger in the fourth quarter were approximately $450 million primarily because of personnel reductions, technology savings and marketing synergies.

Credit Quality

Credit quality remained stable. Consumer credit costs rose in the fourth quarter from the third quarter of 2006 reflecting portfolio seasoning and the trend toward more normalized levels post-bankruptcy reform. Compared to the fourth quarter of 2005, consumer net charge-offs decreased primarily due to the impact of bankruptcy reform which accelerated charge-offs into 2005. Provision expense in the fourth quarter was higher than a year ago due to the addition of MBNA, partially offset by lower bankruptcy-related credit costs on the domestic consumer credit card portfolio.

• Provision for credit losses was $1.57 billion, up from $1.17 billion in the third quarter of 2006, and $1.40 billion in the fourth quarter of 2005.

• Net charge-offs were $1.42 billion, or 0.82 percent of total average loans and leases. This compared to $1.28 billion, or 0.75 percent, in the third quarter of 2006 and $1.65 billion, or 1.16 percent, in the fourth quarter of 2005.

• Total managed losses were $2.45 billion, or 1.23 percent of total average managed loans and leases. This compared to $2.20 billion, or 1.11 percent, in the third quarter of 2006 and $1.71 billion, or 1.17 percent, in the fourth quarter of 2005.

• Nonperforming assets were $1.86 billion, or 0.26 percent of total loans, leases and foreclosed properties, at December 31, 2006. This compared to $1.66 billion, or 0.25 percent, at September 30, 2006 and $1.60 billion, or 0.28 percent at December 31, 2005.

• The allowance for loan and lease losses was $9.02 billion, or 1.28 percent of loans and leases, at December 31, 2006. This compared to $8.87 billion, or 1.33 percent at September 30, 2006 and $8.05 billion, or 1.40 percent, at December 31, 2005, which did not include MBNA.

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Capital Management

Total shareholders' equity was $135.27 billion at December 31, 2006. Period-end assets were $1.5 trillion. The Tier 1 Capital Ratio increased to 8.64 percent from 8.48 percent at September 30, 2006 and 8.25 percent a year earlier. The issuance of $2.03 billion of non-cumulative preferred stock contributed to the increase during the fourth quarter.

During the quarter, Bank of America paid a cash dividend of $0.56 per share. Additionally, the company issued approximately 20 million common shares primarily related to employee stock options and ownership plans, and repurchased 60 million common shares. Period-ending common shares issued and outstanding were 4.46 billion for the fourth quarter of 2006, compared to 4.50 billion for the third quarter of 2006 and 4.00 billion for the fourth quarter of 2005.

Full-Year 2006 Financial Summary

Revenue

Revenue on a fully taxable-equivalent basis increased 30 percent to $74.25 billion from $56.92 billion from the previous year.

Net interest income on a fully taxable-equivalent basis increased 13 percent to $35.82 billion from $31.57 billion in 2005. The increase was driven by the addition of MBNA, consumer and middle market business loan growth and increases in the benefits from asset liability management activity, partially offset by lower core deposit levels and higher trading-related earning assets. The net interest yield tightened 2 basis points to 2.82 percent.

Noninterest income increased 52 percent to $38.43 billion from $25.35 billion. These results were driven by higher card income, which included MBNA, equity investment gains, increases in investment banking income and trading account profits and an increase in other income related to the sale of the Brazil and Asia Commercial Banking businesses.

Losses on sales of debt securities were $443 million in 2006 compared to gains on sales of debt securities of $1.08 billion in 2005.

Efficiency

The efficiency ratio on a fully taxable-equivalent basis for 2006 was 47.94 percent (46.86 percent excluding merger and restructuring charges). Noninterest expense increased 24 percent to $35.60 billion from $28.68 billion a year ago primarily due to MBNA. Included in expenses for 2006 were $805 million in pre-tax merger and restructuring charges related to the MBNA merger. Full year 2006 cost savings from the merger with MBNA were approximately $1.25 billion, accelerating original projections.

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Credit Quality

Provision expense was $5.01 billion in 2006, a 25 percent increase from 2005. The increase in provision expense was driven by the addition of MBNA and 2005 commercial reserve releases, partially offset by lower bankruptcy-related credit costs on the domestic consumer credit card portfolio.

Net charge-offs totaled $4.54 billion, or 0.70 percent of average loans and leases, compared with $4.56 billion, or 0.85 percent of average loans and leases in 2005. The decrease in net charge-offs was due to the impact of bankruptcy reform which accelerated net charge-offs into 2005, partially offset by the addition of MBNA.

Capital Management

For 2006, Bank of America paid $9.64 billion in cash dividends to common shareholders. The company also issued 118.4 million common shares, primarily related to employee stock options and ownership plans, and repurchased 291.1 million common shares for $14.36 billion.

The company also issued 631 million shares of common stock associated with the acquisition of MBNA, resulting in a net increase of 458.4 million common shares outstanding for the year.

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2006 Business Segment Results

Global Consumer and Small Business Banking

(Dollars in millions)	YTD 2006			YTD 2005
Total Revenue 1	$	41,691		$	28,323
Provision for credit losses		5,172			4,243
Noninterest expense		18,830			13,124
Net Income		11,171			7,021
Efficiency ratio		45.17	%		46.34	%
Return on average equity		17.70			23.73
Loans and leases2	$	192,072		$	144,027
Deposits2		330,072			306,098

¹ Fully taxable-equivalent basis

² Balances averaged for period

Net income rose 59 percent to $11.17 billion in 2006 and revenue grew 47 percent to $41.69 billion from the previous year. Results for 2005 did not include MBNA. Net income was driven by higher card income including the MBNA acquisition, higher net interest income, partially offset by higher provision expense primarily due to MBNA. On a pro forma basis (including MBNA's 2005 results), revenue increased 7 percent while net income increased 19 percent.

Sales of consumer financial products increased across-the-board, as the business leveraged its leading franchises in both banking centers and online capabilities. Franchise sales totaled 44 million units, a 7 percent increase compared to 2005, including record performance in checking, debit and online sales.

Average deposit balances increased by $23.97 billion, or 8 percent, driven by the addition of the MBNA deposit portfolio. On a pro forma basis, deposits decreased $3.21 billion in 2006 from a year earlier as the company continued to balance growth and profitability. As part of Bank of America’s integrated offerings, customers also chose alternative instruments such as Columbia money market mutual funds.

E-Commerce reported sales of more than 7 million units in the year, driven by checking and credit card sales and supported by enhanced website design and a streamlined application process. Bankofamerica.com now has 21.3 million active users and 11.1 million active bill-payers.

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• Deposits revenue increased 13 percent to $17.02 billion from 2005, while net income increased 11 percent to $4.93 billion. On a pro forma basis, deposits revenue increased 12 percent compared with 2005, while net income increased 9 percent.

• Card Services had revenue of $21.49 billion, a 150 percent increase from 2005 and recorded a five-fold increase in net income to $5.64 billion. On a pro forma basis, Card Services recorded an increase in revenue of 14 percent compared with 2005, while net income increased 74 percent.

• Home Equity revenue rose 9 percent to $1.49 billion in 2006 from a year earlier and net income increased 16 percent to $507 million. Pro forma results were comparable for both revenue and net income.

• Mortgage revenue decreased 16 percent to $1.44 billion in 2006 from a year earlier and net income declined 29 percent to $282 million. On a pro forma basis, revenue decreased 17 percent and net income fell 33 percent.

• ALM/Other had revenue of $259 million, down significantly compared to 2005 and net income declined as well to a loss of $186 million. Pro forma results for this segment were comparable for both revenue and net income.

Fourth quarter net income for Global Consumer and Small Business Banking rose 44 percent to $2.53 billion from the year earlier period. Revenue in the period increased 46 percent to $10.63 billion, driven primarily by higher credit card income, including the addition of MBNA, and service charges. On a pro forma basis, net income increased 16 percent during the period and revenue increased 8 percent.

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Global Corporate and Investment Banking

(Dollars in millions)	YTD 2006			YTD 2005
Total Revenue 1	$	22,691		$	20,600
Provision for credit losses		(6	)		(291	)
Noninterest expense		11,998			11,133
Net Income		6,792			6,384
Efficiency ratio		52.87	%		54.04	%
Return on average equity		16.21			15.28
Loans and leases2	$	243,282		$	214,818
Deposits2		205,652			189,860
Trading-related assets2		338,364			314,568

¹ Fully taxable-equivalent basis

² Balances averaged for period

Net income increased 6 percent to $6.79 billion in 2006 compared with a year earlier impacted by the $885 million pre-tax gain from the sale of Bank of America’s Brazil operations and its Asia Commercial Banking business. Revenue increased 10 percent to $22.69 billion as income from sales and trading, Treasury Services and investment banking increased. Excluding the impact of the Brazil and Asia transactions, revenue rose 6 percent to $21.17 billion from 2005 while net income declined less than 1 percent, including a lower provision benefit.

Capital Markets and Advisory Services benefited from strong sales and trading results and an increase in debt underwriting compared with a year earlier.

• Capital Markets and Advisory Services had net income of $1.69 billion in 2006, a 26 percent increase from 2005, as investment banking income and sales and trading income rose. Revenue grew 21 percent to $8.20 billion. Expenses grew 16 percent driven in part due to increases in performance-based compensation.

• Business Lending net income declined 14 percent to $2.23 billion in 2006 from the year ago period due to spread compression and the cost of credit mitigation. Revenue decreased 6 percent to $5.68 billion. Average loans and leases rose 12 percent to more than $216 billion.

• Treasury Services net income grew 18 percent to $2.17 billion from a year earlier as revenue rose 11 percent to $6.69 billion and income from commercial credit cards and service charges increased.

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• ALM/Other had revenue of $2.12 billion and net income of $702 million, an increase of 15 percent primarily due to the sale of Brazil operations and the Asia Commercial Banking business.

Global Corporate and Investment Banking’s fourth quarter net income rose 23 percent to $1.57 billion from the same period a year earlier as income from sales and trading and investment banking increased, reflecting company investments in capital markets platforms and the sale of the Asia business. Revenue rose 9 percent in the quarter to $5.40 billion.

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Global Wealth and Investment Management

(Dollars in millions)	YTD 2006			YTD 2005
Total Revenue 1	$	7,779		$	7,316
Provision for credit losses		(40	)		(7	)
Noninterest expense		4,005			3,710
Net Income		2,403			2,316
Efficiency ratio		51.48	%		50.72	%
Return on average equity		23.20			22.52
Loans and leases2	$	61,497		$	54,102
Deposits2		115,071			117,338
(in billions)	At 12/31/06			At 12/31/05
Assets under management	$	542.9		$	482.3

¹ Fully taxable-equivalent basis

² Balances averaged for period

Net income increased 4 percent to $2.40 billion compared with a year earlier. Revenue rose 6 percent, supported by 11 percent growth in asset management fees. Improved spreads on deposits and a 14 percent increase in average loan balances were largely offset by the impact of asset and liability management activity.

Assets Under Management grew $60.58 billion, or 13 percent in 2006, reflecting strong net inflows of $37.87 billion and market appreciation.

• Premier Banking & Investments had revenue of $2.88 billion, a 13 percent increase over 2005 and reported net income of $948 million, a 17 percent increase.

• The Private Bank had revenue of $2.10 billion up 1 percent over last year, and net income of $553 million which declined 1 percent compared with 2005.

• Columbia Management had revenue of $1.54 billion up more than 13 percent and net income of $335 million, up 15 percent when compared with 2005.

• ALM/Other had revenue of $1.27 billion, down 4 percent from 2005 and net income of $567 million, down 13 percent.

For the fourth quarter of 2006, Global Wealth and Investment Management net income declined 1 percent to $602 million from the previous year. Revenue increased 5 percent to $1.99 billion.

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All Other

For 2006, All Other reflected $767 million of net income, compared with $744 million a year earlier. In 2005, All Other was negatively affected by the results of the asset liability management process, including the change in the value of derivatives used as economic hedges that did not qualify for SFAS 133. Equity Investment gains were $2.87 billion in 2006 compared with $1.96 billion in 2005 driven by increases in Principal Investing and Corporate and Strategic Investments. For the fourth quarter of 2006, All Other reflected $556 million of net income, compared with a net loss of $63 million for the same period in 2005. Equity Investment gains were $1.03 billion in the fourth quarter of 2006 compared with $493 million a year earlier.

Note: Ken Lewis, chairman and chief executive officer, and Joe Price, chief financial officer, will discuss fourth quarter and full-year 2006 results in a conference call at 9:30 a.m. (Eastern Time) today. The call and accompanying presentation can be accessed via a webcast available on the Bank of America Web site at http://www.bankofamerica.com/investor/.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with more than 5,700 retail banking offices, through more than 17,000 ATMs and award-winning online banking with more than 21 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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Forward-Looking Statements

This press release contains forward-looking statements, including statements about the financial conditions, results of operations and earnings outlook of Bank of America Corporation. The forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results or earnings to differ materially from such forward-looking statements include, among others, the following: 1) projected business increases following process changes and other investments are lower than expected; 2) competitive pressure among financial services companies increases significantly; 3) general economic conditions are less favorable than expected; 4) political conditions including the threat of future terrorist activity and related actions by the United States abroad may adversely affect the company’s businesses and economic conditions as a whole; 5) changes in the interest rate environment reduce interest margins and impact funding sources; 6) changes in foreign exchange rates increases exposure; 7) changes in market rates and prices may adversely impact the value of financial products; 8) legislation or regulatory environments, requirements or changes adversely affect the businesses in which the company is engaged; 9) litigation liabilities, including costs, expenses, settlements and judgments, may adversely affect the company or its businesses; and 10) decisions to downsize, sell or close units or otherwise change the business mix of any of the company. For further information regarding Bank of America Corporation, please read the Bank of America reports filed with the SEC and available at www.sec.gov.

Please consider the investment objectives, risks, charges and expenses of Columbia mutual funds carefully before investing. Contact your financial advisor for a prospectus which contains this and other important information about the fund. Read it carefully before you invest.

¹ Results shown are defined by Columbia Management’s calculation of its percentage of assets under management in the top two quartiles of categories based on Morningstar (Equity categories), Lipper (Fixed Income categories) iMoneyNet (Money Market categories). The category percentile rank was calculated by ranking the three year gross return of share classes within the categories stated above. The assets of the number of funds within the top 2 quartile results were added and then divided by Columbia Managements total assets under management. Had fees been included, rankings would have been lower. Past performance is no guarantee of future results. The share class earning the ranking may have limited eligibility and may not be available to all investors.

Columbia Management is the primary investment management division of Bank of America Corporation. Columbia Management entities furnish investment management services and advise institutional and mutual fund portfolios. Columbia Funds are distributed by Columbia Management Distributors, Inc., member NASD, SIPC. Columbia Management Distributors, Inc. is part of Columbia Management and an affiliate of Bank of America Corporation.

www.bankofamerica.com

###

Bank of America

Selected Financial Data ⁽¹⁾

	Three Months Ended December 31						Year Ended December 31
	2006			2005			2006			2005
(Dollars in millions, except per share data; shares in thousands)
Financial Summary
Earnings	$	5,256		$	3,574		$	21,133		$	16,465
Earnings per common share		1.17			0.89			4.66			4.10
Diluted earnings per common share		1.16			0.88			4.59			4.04
Dividends paid per common share		0.56			0.50			2.12			1.90
Closing market price per common share		53.39			46.15			53.39			46.15
Average common shares issued and outstanding		4,464,110			3,996,024			4,526,637			4,008,688
Average diluted common shares issued and outstanding		4,536,696			4,053,859			4,595,896			4,068,140
Summary Income Statement
Net interest income	$	8,599		$	7,859		$	34,591		$	30,737
Total noninterest income		9,866			5,951			38,432			25,354
Total revenue		18,465			13,810			73,023			56,091
Provision for credit losses		1,570			1,400			5,010			4,014
Gains (losses) on sales of debt securities		21			71			(443	)		1,084
Other noninterest expense		8,849			7,261			34,792			28,269
Merger and restructuring charges		244			59			805			412
Income before income taxes		7,823			5,161			31,973			24,480
Income tax expense		2,567			1,587			10,840			8,015
Net income	$	5,256		$	3,574		$	21,133		$	16,465
Summary Average Balance Sheet
Total loans and leases	$	683,598		$	563,589		$	652,417		$	537,218
Securities		193,601			221,411			225,219			219,843
Total earning assets		1,299,461			1,145,550			1,269,144			1,111,994
Total assets		1,495,150			1,305,057			1,466,681			1,269,892
Total deposits		680,245			628,922			672,995			632,432
Shareholders’ equity		134,047			99,948			130,463			99,861
Common shareholders’ equity		132,004			99,677			129,773			99,590
Performance Ratios
Return on average assets		1.39	%		1.09	%		1.44	%		1.30	%
Return on average common shareholders’ equity		15.76			14.21			16.27			16.51
Credit Quality
Net charge-offs	$	1,417		$	1,648		$	4,539		$	4,562
Annualized net charge-offs as a % of average loans and leases outstanding		0.82	%		1.16	%		0.70	%		0.85	%
Managed credit card net losses as a % of average managed credit card receivables		4.56			9.49			3.90			6.92
	December 31
	2006			2005
Balance Sheet Highlights
Loans and leases	$	706,490		$	573,791
Total securities		192,846			221,603
Total earning assets		1,257,274			1,133,234
Total assets		1,459,737			1,291,803
Total deposits		693,497			634,670
Total shareholders’ equity		135,272			101,533
Common shareholders’ equity		132,421			101,262
Book value per share		29.70			25.32
Tangible equity ratio (2)		4.35	%		4.26	%
Risk-based capital ratios:
Tier 1		8.64	*		8.25
Total		11.88	*		11.08
Leverage ratio		6.36	*		5.91
Period-end common shares issued and outstanding		4,458,151			3,999,688
Allowance for credit losses:
Allowance for loan and lease losses	$	9,016		$	8,045
Reserve for unfunded lending commitments		397			395
Total	$	9,413		$	8,440
Allowance for loan and lease losses as a % of total loans and leases		1.28	%		1.40	%
Allowance for loan and lease losses as a % of total nonperforming loans and leases		505			532
Total nonperforming loans and leases	$	1,787		$	1,511
Total nonperforming assets		1,856			1,603
Nonperforming assets as a % of:
Total assets		0.13	%		0.12	%
Total loans, leases and foreclosed properties		0.26			0.28
Nonperforming loans and leases as a % of total loans and leases		0.25			0.26
Other Data
Full-time equivalent employees		203,425			176,934
Number of banking centers - domestic		5,747			5,873
Number of branded ATMs - domestic		17,079			16,785

* Preliminary data

Information for periods beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated.

BUSINESS SEGMENT RESULTS

	Global Consumer and Small Business Banking			Global Corporate and Investment Banking			Global Wealth and Investment Management			All Other
Three Months Ended December 31, 2006
Total revenue (FTE) (3)	$	10,629		$	5,398		$	1,988		$	806
Net income		2,527			1,571			602			556
Shareholder value added		1,192			484			331			177
Return on average equity		16.27	%		15.33	%		22.80	%		n/m
Average loans and leases	$	200,063		$	246,608		$	64,465		$	172,462
Three Months Ended December 31, 2005
Total revenue (FTE) (3)	$	7,295		$	4,958		$	1,891		$	(91	)
Net income		1,749			1,282			606			(63	)
Shareholder value added		1,009			152			322			(437	)
Return on average equity		22.05	%		11.99	%		21.97	%		n/m
Average loans and leases	$	149,251		$	228,999		$	57,187		$	128,152
Year Ended December 31, 2006
Total revenue (FTE) (3)	$	41,691		$	22,691		$	7,779		$	2,086
Net income		11,171			6,792			2,403			767
Shareholder value added		5,738			2,349			1,340			(306	)
Return on average equity		17.70	%		16.21	%		23.20	%		n/m
Average loans and leases	$	192,072		$	243,282		$	61,497		$	155,566
Year Ended December 31, 2005
Total revenue (FTE) (3)	$	28,323		$	20,600		$	7,316		$	684
Net income		7,021			6,384			2,316			744
Shareholder value added		4,318			1,966			1,263			(953	)
Return on average equity		23.73	%		15.28	%		22.52	%		n/m
Average loans and leases	$	144,027		$	214,818		$	54,102		$	124,271
n/m = not meaningful
	Three Months Ended December 31						Year Ended December 31
	2006			2005			2006			2005
SUPPLEMENTAL FINANCIAL DATA
Fully taxable-equivalent basis data (3)
Net interest income	$	8,955		$	8,102		$	35,815		$	31,569
Total revenue		18,821			14,053			74,247			56,923
Net interest yield		2.75	%		2.82	%		2.82	%		2.84	%
Efficiency ratio		48.31			52.09			47.94			50.38
Reconciliation of net income to operating earnings
Net income	$	5,256		$	3,574		$	21,133		$	16,465
Merger and restructuring charges		244			59			805			412
Related income tax benefit		(90	)		(19	)		(298	)		(137	)
Operating earnings	$	5,410		$	3,614		$	21,640		$	16,740
Reconciliation of average shareholders’ equity to average tangible shareholders’ equity
Average shareholders’ equity	$	134,047		$	99,948		$	130,463		$	99,861
Average goodwill		(65,766	)		(45,305	)		(66,040	)		(45,331	)
Average tangible shareholders’ equity	$	68,281		$	54,643		$	64,423		$	54,530
Operating Basis
Diluted earnings per common share	$	1.19		$	0.89		$	4.70		$	4.11
Return on average assets		1.44	%		1.10	%		1.48	%		1.32	%
Return on average common shareholders’ equity		16.22			14.36			16.66			16.79
Return on average tangible shareholders’ equity		31.44			26.23			33.59			30.70
Efficiency ratio (FTE) (3)		47.02			51.66			46.86			49.66
Reconciliation of net income to shareholder value added
Net income	$	5,256		$	3,574		$	21,133		$	16,465
Amortization of intangibles		433			196			1,755			809
Merger and restructuring charges, net of tax benefit		154			40			507			275
Capital charge		(3,659	)		(2,764	)		(14,274	)		(10,955	)
Shareholder value added	$	2,184		$	1,046		$	9,121		$	6,594

⁽¹⁾ Certain prior period amounts have been reclassified to conform to current period presentation.

⁽²⁾ Tangible equity ratio equals shareholders’ equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets.

⁽³⁾ Fully taxable-equivalent (FTE) basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes.

Information for periods beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated.

EX-99.2

Exhibit 99.2

Supplemental Information

Fourth Quarter 2006

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

Consolidated Financial Highlights

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

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Income statement
Net interest income	$	34,591		$	30,737		$	8,599		$	8,586		$	8,630		$	8,776		$	7,859
Noninterest income		38,432			25,354			9,866			10,067			9,598			8,901			5,951
Total revenue		73,023			56,091			18,465			18,653			18,228			17,677			13,810
Provision for credit losses		5,010			4,014			1,570			1,165			1,005			1,270			1,400
Gains (losses) on sales of debt securities		(443	)		1,084			21			(469	)		(9	)		14			71
Noninterest expense		35,597			28,681			9,093			8,863			8,717			8,924			7,320
Income tax expense		10,840			8,015			2,567			2,740			3,022			2,511			1,587
Net income		21,133			16,465			5,256			5,416			5,475			4,986			3,574
Diluted earnings per common share		4.59			4.04			1.16			1.18			1.19			1.07			0.88
Average diluted common shares issued and outstanding		4,595,896			4,068,140			4,536,696			4,570,558			4,601,169			4,666,405			4,053,859
Dividends paid per common share	$	2.12		$	1.90		$	0.56		$	0.56		$	0.50		$	0.50		$	0.50
Performance ratios
Return on average assets		1.44	%		1.30	%		1.39	%		1.43	%		1.51	%		1.43	%		1.09	%
Return on average common shareholders’ equity		16.27			16.51			15.76			16.64			17.26			15.44			14.21
At period end
Book value per share of common stock	$	29.70		$	25.32		$	29.70		$	29.52		$	28.17		$	28.19		$	25.32
Market price per share of common stock:
Closing price	$	53.39		$	46.15		$	53.39		$	53.57		$	48.10		$	45.54		$	46.15
High closing price for the period		54.90			47.08			54.90			53.57			50.47			47.08			46.99
Low closing price for the period		43.09			41.57			51.66			47.98			45.48			43.09			41.57
Market capitalization		238,021			184,586			238,021			240,966			217,794			208,633			184,586
Number of banking centers - domestic		5,747			5,873			5,747			5,722			5,779			5,786			5,873
Number of branded ATMs - domestic		17,079			16,785			17,079			16,846			16,984			16,716			16,785
Full-time equivalent employees		203,425			176,934			203,425			200,220			201,898			202,503			176,934

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

1

Bank of America Corporation

Supplemental Financial Data

(Dollars in millions)

Fully taxable-equivalent basis data

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Net interest income	$	35,815		$	31,569		$	8,955		$	8,894		$	8,926		$	9,040		$	8,102
Total revenue		74,247			56,923			18,821			18,961			18,524			17,941			14,053
Net interest yield		2.82	%		2.84	%		2.75	%		2.73	%		2.85	%		2.98	%		2.82	%
Efficiency ratio		47.94			50.38			48.31			46.75			47.06			49.74			52.09

Reconciliation to GAAP financial measures

Supplemental financial data presented on an operating basis is a basis of presentation not defined by accounting principles generally accepted in the United States (GAAP) that excludes merger and restructuring charges. We believe that the exclusion of merger and restructuring charges, which represent events outside our normal operations, provides a meaningful period-to-period comparison and is more reflective of normalized operations.

Shareholder value added (SVA) is a key measure of performance not defined by GAAP that is used in managing our growth strategy orientation and strengthening our focus on generating long-term growth and shareholder value. SVA is used to evaluate the Corporation’s use of equity (i.e., capital) at the individual unit level and is an integral component in the analytics for resource allocation. Using SVA as a performance measure places specific focus on whether incremental investments generate returns in excess of the costs of capital associated with those investments. Each business segment has a goal for growth in SVA reflecting the individual segment’s business and customer strategy.

Other companies may define or calculate supplemental financial data differently. See the tables below for supplemental financial data and corresponding reconciliations to GAAP financial measures for the quarters ended December 31, 2006, September 30, 2006, June 30, 2006, March 31, 2006, and December 31, 2005, and the years ended December 31, 2006 and 2005.

Reconciliation of net income to operating earnings
	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Net income	$	21,133		$	16,465		$	5,256		$	5,416		$	5,475		$	4,986		$	3,574
Merger and restructuring charges		805			412			244			269			194			98			59
Related income tax benefit		(298	)		(137	)		(90	)		(100	)		(71	)		(37	)		(19	)
Operating earnings	$	21,640		$	16,740		$	5,410		$	5,585		$	5,598		$	5,047		$	3,614
Reconciliation of average shareholders’ equity to average tangible shareholders’ equity
Average shareholders’ equity	$	130,463		$	99,861		$	134,047		$	129,262		$	127,373		$	131,153		$	99,948
Average goodwill		(66,040	)		(45,331	)		(65,766	)		(66,077	)		(66,226	)		(66,094	)		(45,305	)
Average tangible shareholders’ equity	$	64,423		$	54,530		$	68,281		$	63,185		$	61,147		$	65,059		$	54,643
Operating basis
Diluted earnings per common share	$	4.70		$	4.11		$	1.19		$	1.22		$	1.22		$	1.08		$	0.89
Return on average assets		1.48	%		1.32	%		1.44	%		1.48	%		1.54	%		1.45	%		1.10	%
Return on average common shareholders’ equity		16.66			16.79			16.22			17.16			17.65			15.63			14.36
Return on average tangible shareholders’ equity		33.59			30.70			31.44			35.07			36.72			31.46			26.23
Efficiency ratio (1)		46.86			49.66			47.02			45.33			46.01			49.19			51.66
Reconciliation of net income to shareholder value added
Net income	$	21,133		$	16,465		$	5,256		$	5,416		$	5,475		$	4,986		$	3,574
Amortization of intangibles		1,755			809			433			441			441			440			196
Merger and restructuring charges, net of tax benefit		507			275			154			169			123			61			40
Capital charge		(14,274	)		(10,955	)		(3,659	)		(3,580	)		(3,485	)		(3,550	)		(2,764	)
Shareholder value added	$	9,121		$	6,594		$	2,184		$	2,446		$	2,554		$	1,937		$	1,046

(1) Fully taxable-equivalent basis

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

2

Bank of America Corporation

Consolidated Statement of Income

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

	Year Ended December 31					Fourth Quarter 2006		Third Quarter 2006			Second Quarter 2006			First Quarter 2006		Fourth Quarter 2005
	2006			2005
Interest income
Interest and fees on loans and leases	$	48,274		$	34,843	$	12,705	$	12,638		$	11,804		$	11,127	$	9,536
Interest and dividends on securities		11,655			10,937		2,440		3,080			3,121			3,014		2,815
Federal funds sold and securities purchased under agreements to resell		7,823			5,012		2,068		2,146			1,900			1,709		1,477
Trading account assets		7,232			5,743		2,201		1,856			1,627			1,548		1,585
Other interest income		3,601			2,091		1,077		952			845			727		605
Total interest income		78,585			58,626		20,491		20,672			19,297			18,125		16,018
Interest expense
Deposits		14,480			9,492		3,989		3,976			3,508			3,007		2,476
Short-term borrowings		19,840			11,615		5,222		5,467			4,842			4,309		3,855
Trading account liabilities		2,640			2,364		800		727			596			517		619
Long-term debt		7,034			4,418		1,881		1,916			1,721			1,516		1,209
Total interest expense		43,994			27,889		11,892		12,086			10,667			9,349		8,159
Net interest income		34,591			30,737		8,599		8,586			8,630			8,776		7,859
Noninterest income
Card income		14,293			5,753		3,719		3,476			3,664			3,434		1,507
Service charges		8,224			7,704		2,099		2,147			2,077			1,901		1,927
Investment and brokerage services		4,456			4,184		1,122		1,085			1,146			1,103		1,062
Investment banking income		2,317			1,856		694		510			612			501		537
Equity investment gains		3,189			2,212		1,067		705			699			718		521
Trading account profits		3,166			1,763		460		731			915			1,060		299
Mortgage banking income		541			805		126		189			89			137		215
Other income		2,246			1,077		579		1,224			396			47		(117	)
Total noninterest income		38,432			25,354		9,866		10,067			9,598			8,901		5,951
Total revenue		73,023			56,091		18,465		18,653			18,228			17,677		13,810
Provision for credit losses		5,010			4,014		1,570		1,165			1,005			1,270		1,400
Gains (losses) on sales of debt securities		(443	)		1,084		21		(469	)		(9	)		14		71
Noninterest expense
Personnel		18,211			15,054		4,444		4,474			4,480			4,813		3,845
Occupancy		2,826			2,588		726		696			703			701		699
Equipment		1,329			1,199		351		318			316			344		305
Marketing		2,336			1,255		623		587			551			575		265
Professional fees		1,078			930		368		259			233			218		283
Amortization of intangibles		1,755			809		433		441			441			440		196
Data processing		1,732			1,487		487		426			409			410		394
Telecommunications		945			827		260		237			228			220		219
Other general operating		4,580			4,120		1,157		1,156			1,162			1,105		1,055
Merger and restructuring charges		805			412		244		269			194			98		59
Total noninterest expense		35,597			28,681		9,093		8,863			8,717			8,924		7,320
Income before income taxes		31,973			24,480		7,823		8,156			8,497			7,497		5,161
Income tax expense		10,840			8,015		2,567		2,740			3,022			2,511		1,587
Net income	$	21,133		$	16,465	$	5,256	$	5,416		$	5,475		$	4,986	$	3,574
Net income available to common shareholders	$	21,111		$	16,447	$	5,243	$	5,416		$	5,471		$	4,981	$	3,570
Per common share information
Earnings	$	4.66		$	4.10	$	1.17	$	1.20		$	1.21		$	1.08	$	0.89
Diluted earnings	$	4.59		$	4.04	$	1.16	$	1.18		$	1.19		$	1.07	$	0.88
Dividends paid	$	2.12		$	1.90	$	0.56	$	0.56		$	0.50		$	0.50	$	0.50
Average common shares issued and outstanding		4,526,637			4,008,688		4,464,110		4,499,704			4,534,627			4,609,481		3,996,024
Average diluted common shares issued and outstanding		4,595,896			4,068,140		4,536,696		4,570,558			4,601,169			4,666,405		4,053,859

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

3

Bank of America Corporation

Consolidated Balance Sheet

(Dollars in millions)

	December 31 2006			September 30 2006			December 31 2005
Assets
Cash and cash equivalents	$	36,429		$	31,239		$	36,999
Time deposits placed and other short-term investments		13,952			13,006			12,800
Federal funds sold and securities purchased under agreements to resell		135,478			134,595			149,785
Trading account assets		153,052			141,211			131,707
Derivative assets		23,439			23,121			23,712
Securities:
Available-for-sale		192,806			195,095			221,556
Held-to-maturity, at cost		40			57			47
Total securities		192,846			195,152			221,603
Loans and leases		706,490			669,149			573,791
Allowance for loan and lease losses		(9,016	)		(8,872	)		(8,045	)
Loans and leases, net of allowance		697,474			660,277			565,746
Premises and equipment, net		9,255			9,205			7,786
Mortgage servicing rights (includes $2,869 and $2,932 measured at fair value at December 31 and September 30, 2006)		3,045			3,091			2,806
Goodwill		65,662			65,818			45,354
Intangible assets		9,422			9,758			3,194
Other assets		119,683			162,738			90,311
Total assets	$	1,459,737		$	1,449,211		$	1,291,803
Liabilities
Deposits in domestic offices:
Noninterest-bearing	$	180,231		$	169,540		$	179,571
Interest-bearing		418,100			409,718			384,155
Deposits in foreign offices:
Noninterest-bearing		4,577			4,371			7,165
Interest-bearing		90,589			82,276			63,779
Total deposits		693,497			665,905			634,670
Federal funds purchased and securities sold under agreements to repurchase		217,527			258,090			240,655
Trading account liabilities		67,670			64,936			50,890
Derivative liabilities		16,339			15,394			15,000
Commercial paper and other short-term borrowings		141,300			135,056			116,269
Accrued expenses and other liabilities (includes $397, $388 and $395 of reserve for unfunded lending commitments)		42,132			38,494			31,938
Long-term debt		146,000			137,739			100,848
Total liabilities		1,324,465			1,315,614			1,190,270
Shareholders’ equity
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 121,739; 40,739 and 1,090,189 shares		2,851			826			271
Common stock and additional paid-in capital, $0.01 par value; authorized - 7,500,000,000 shares; issued and outstanding - 4,458,151,391; 4,498,145,315 and 3,999,688,491 shares		61,574			63,929			41,693
Retained earnings		79,024			76,271			67,552
Accumulated other comprehensive income (loss)		(7,711	)		(6,867	)		(7,556	)
Other		(466	)		(562	)		(427	)
Total shareholders’ equity		135,272			133,597			101,533
Total liabilities and shareholders’ equity	$	1,459,737		$	1,449,211		$	1,291,803

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

4

Bank of America Corporation

Capital Management

(Dollars in millions)

	Fourth Quarter 2006 (1)			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
Risk-based Capital:
Tier 1 capital	$	91,065		$	88,085		$	84,978		$	83,174		$	74,375
Total capital		125,280			119,074			114,738			111,422			99,901
Risk-weighted assets		1,054,555			1,039,283			1,019,828			984,190			901,469
Tier 1 capital ratio		8.64	%		8.48	%		8.33	%		8.45	%		8.25	%
Total capital ratio		11.88			11.46			11.25			11.32			11.08
Tangible equity ratio (2)		4.35			4.22			3.76			4.04			4.26
Tier 1 leverage ratio		6.36			6.16			6.13			6.18			5.91

(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

60.1 million common shares were repurchased in the fourth quarter of 2006 as a part of an ongoing share repurchase program.

63.1 million shares remain outstanding under the 2006 authorized program.

20.1 million shares were issued in the fourth quarter of 2006.

* Preliminary data on risk-based capital

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

5

Bank of America Corporation

Core Net Interest Income - Managed Basis

(Dollars in millions)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Net Interest Income
As reported (1)	$	35,815		$	31,569		$	8,955		$	8,894		$	8,926		$	9,040		$	8,102
Impact of market-based net interest income (2)		(1,651	)		(1,938	)		(486	)		(375	)		(379	)		(411	)		(421	)
Core net interest income		34,164			29,631			8,469			8,519			8,547			8,629			7,681
Impact of securitizations		7,045			323			1,850			1,760			1,710			1,725			11
Core net interest income - managed basis	$	41,209		$	29,954		$	10,319		$	10,279		$	10,257		$	10,354		$	7,692
Average Earning Assets
As reported	$	1,269,144		$	1,111,994		$	1,299,461		$	1,302,366		$	1,253,895		$	1,219,611		$	1,145,550
Impact of market-based earning assets (3)		(369,164	)		(322,236	)		(405,763	)		(375,960	)		(357,549	)		(336,552	)		(329,299	)
Core average earning assets		899,980			789,758			893,698			926,406			896,346			883,059			816,251
Impact of securitizations		98,152			9,033			100,786			98,722			96,776			96,268			6,447
Core average earning assets—managed basis	$	998,132		$	798,791		$	994,484		$	1,025,128		$	993,122		$	979,327		$	822,698
Net Interest Yield Contribution
As reported (1)		2.82	%		2.84	%		2.75	%		2.73	%		2.85	%		2.98	%		2.82	%
Impact of market-based activities		0.98			0.91			1.03			0.94			0.97			0.95			0.93
Core net interest yield on earning assets		3.80			3.75			3.78			3.67			3.82			3.93			3.75
Impact of securitizations		0.33			—			0.36			0.33			0.31			0.32			(0.02	)
Core net interest yield on earning assets - managed basis		4.13	%		3.75	%		4.14	%		4.00	%		4.13	%		4.25	%		3.73	%

(1) Fully taxable-equivalent basis

(2) Market-based Net Interest Income represents Net Interest Income from the Capital Markets and Advisory Services business within Global Corporate and Investment Banking.

(3) Market-based earning assets represents earning assets from the Capital Markets and Advisory Services business within Global Corporate and Investment Banking.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

6

Bank of America Corporation

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

(Dollars in millions)

	Fourth Quarter 2006						Third Quarter 2006						Fourth Quarter 2005
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments	$	15,760	$	166	4.19	%	$	15,629	$	173	4.39	%	$	14,619	$	133	3.59	%
Federal funds sold and securities purchased under agreements to resell		174,167		2,068	4.73			173,381		2,146	4.94			165,908		1,477	3.55
Trading account assets		167,163		2,289	5.46			146,817		1,928	5.24			139,441		1,648	4.72
Securities		193,601		2,504	5.17			236,033		3,136	5.31			221,411		2,842	5.13
Loans and leases (1):
Residential mortgage		225,985		3,202	5.66			222,889		3,151	5.65			178,764		2,427	5.42
Credit card - domestic		59,802		2,101	13.94			62,508		2,189	13.90			56,858		1,748	12.19
Credit card - foreign		10,375		305	11.66			9,455		286	12.02			—		—	—
Home equity lines		73,218		1,411	7.65			70,075		1,351	7.65			60,571		1,011	6.63
Direct/Indirect consumer		65,158		1,316	8.00			61,361		1,193	7.74			47,181		703	5.91
Other consumer (2)		10,606		225	8.47			11,075		298	10.66			6,653		182	11.01
Total consumer		445,144		8,560	7.65			437,363		8,468	7.71			350,027		6,071	6.90
Commercial - domestic		158,604		2,907	7.27			153,007		2,805	7.28			137,224		2,279	6.59
Commercial real estate		36,851		704	7.58			37,471		724	7.67			36,017		597	6.58
Commercial lease financing		21,159		254	4.80			20,875		232	4.46			20,178		241	4.79
Commercial - foreign		21,840		337	6.12			24,761		454	7.27			20,143		379	7.45
Total commercial		238,454		4,202	7.00			236,114		4,215	7.09			213,562		3,496	6.50
Total loans and leases		683,598		12,762	7.42			673,477		12,683	7.49			563,589		9,567	6.75
Other earning assets		65,172		1,058	6.46			57,029		914	6.38			40,582		594	5.83
Total earning assets (3)		1,299,461		20,847	6.39			1,302,366		20,980	6.41			1,145,550		16,261	5.65
Cash and cash equivalents		32,816						33,495						33,693
Other assets, less allowance for loan and lease losses		162,873						162,126						125,814
Total assets	$	1,495,150					$	1,497,987					$	1,305,057
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	32,965	$	48	0.58	%	$	34,268	$	69	0.81	%	$	35,535	$	68	0.76	%
NOW and money market deposit accounts		211,055		966	1.81			212,690		1,053	1.96			224,122		721	1.28
Consumer CDs and IRAs		154,621		1,794	4.60			147,607		1,658	4.46			120,321		1,028	3.39
Negotiable CDs, public funds and other time deposits		13,052		140	4.30			14,105		150	4.19			5,085		27	2.13
Total domestic interest-bearing deposits		411,693		2,948	2.84			408,670		2,930	2.84			385,063		1,844	1.90
Foreign interest-bearing deposits:
Banks located in foreign countries		38,648		507	5.21			38,588		562	5.78			24,451		356	5.77
Governments and official institutions		14,220		168	4.70			12,801		156	4.83			7,579		74	3.84
Time, savings and other		41,328		366	3.50			40,444		328	3.22			32,624		202	2.46
Total foreign interest-bearing deposits		94,196		1,041	4.38			91,833		1,046	4.52			64,654		632	3.87
Total interest-bearing deposits		505,889		3,989	3.13			500,503		3,976	3.15			449,717		2,476	2.18
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		405,748		5,222	5.11			429,882		5,467	5.05			364,140		3,855	4.20
Trading account liabilities		75,261		800	4.21			69,462		727	4.15			56,880		619	4.32
Long-term debt		140,756		1,881	5.34			136,769		1,916	5.60			99,601		1,209	4.85
Total interest-bearing liabilities (3)		1,127,654		11,892	4.19			1,136,616		12,086	4.23			970,338		8,159	3.34
Noninterest-bearing sources:
Noninterest-bearing deposits		174,356						176,348						179,205
Other liabilities		59,093						55,761						55,566
Shareholders’ equity		134,047						129,262						99,948
Total liabilities and shareholders’ equity	$	1,495,150					$	1,497,987					$	1,305,057
Net interest spread					2.20						2.18						2.31
Impact of noninterest-bearing sources					0.55						0.55						0.51
Net interest income/yield on earning assets			$	8,955	2.75	%			$	8,894	2.73	%			$	8,102	2.82	%

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

(2) Includes consumer finance of $2.8 billion and $2.9 billion in the fourth and third quarters of 2006, and $2.9 billion in the fourth quarter of 2005, and foreign consumer of $7.8 billion and $8.1 billion in the fourth and third quarters of 2006, and $3.7 billion in the fourth quarter of 2005.

(3) Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on the underlying assets $(198) million and $(128) million in the fourth and third quarters of 2006, and $29 million in the fourth quarter of 2005. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on the underlying liabilities $(69) million and $(48) million in the fourth and third quarters of 2006, and $254 million in the fourth quarter of 2005.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

7

Bank of America Corporation

Quarterly Average Balances and Interest Rates - Fully Taxable-equivalent Basis - Isolating Derivative Hedge

Income/Expense ⁽¹⁾

(Dollars in millions)

	Fourth Quarter 2006							Third Quarter 2006							Fourth Quarter 2005
	Average Balance		Interest Income/ Expense			Yield/ Rate		Average Balance		Interest Income/ Expense			Yield/ Rate		Average Balance		Interest Income/ Expense			Yield/ Rate
Earning assets
Time deposits placed and other short-term investments (2)	$	15,760	$	199		5.01	%	$	15,629	$	201		5.11	%	$	14,619	$	135		3.63	%
Federal funds sold and securities purchased under agreements to resell (2)		174,167		2,223		5.09			173,381		2,239		5.15			165,908		1,540		3.70
Trading account assets		167,163		2,289		5.46			146,817		1,928		5.24			139,441		1,648		4.72
Securities (2)		193,601		2,509		5.18			236,033		3,137		5.31			221,411		2,842		5.13
Loans and leases (3):
Residential mortgage (2)		225,985		3,202		5.66			222,889		3,151		5.65			178,764		2,428		5.42
Credit card - domestic		59,802		2,101		13.94			62,508		2,189		13.90			56,858		1,748		12.19
Credit card - foreign		10,375		305		11.66			9,455		286		12.02			—		—		—
Home equity lines		73,218		1,411		7.65			70,075		1,351		7.65			60,571		1,011		6.63
Direct/Indirect consumer		65,158		1,316		8.00			61,361		1,193		7.74			47,181		703		5.91
Other consumer (4)		10,606		225		8.47			11,075		298		10.66			6,653		182		11.01
Total consumer		445,144		8,560		7.65			437,363		8,468		7.71			350,027		6,072		6.90
Commercial - domestic (2)		158,604		2,918		7.30			153,007		2,827		7.33			137,224		2,166		6.26
Commercial real estate		36,851		704		7.58			37,471		724		7.67			36,017		597		6.58
Commercial lease financing		21,159		254		4.80			20,875		232		4.46			20,178		241		4.79
Commercial - foreign (2)		21,840		332		6.02			24,761		447		7.17			20,143		377		7.44
Total commercial		238,454		4,208		7.01			236,114		4,230		7.11			213,562		3,381		6.29
Total loans and leases		683,598		12,768		7.42			673,477		12,698		7.50			563,589		9,453		6.67
Other earning assets (2)		65,172		1,057		6.46			57,029		905		6.31			40,582		614		6.01
Total earning assets - excluding hedge impact		1,299,461		21,045		6.45			1,302,366		21,108		6.45			1,145,550		16,232		5.64
Net derivative income (expense) on assets				(198	)						(128	)						29
Total earning assets - including hedge impact		1,299,461		20,847		6.39			1,302,366		20,980		6.41			1,145,550		16,261		5.65
Cash and cash equivalents		32,816							33,495							33,693
Other assets, less allowance for loan and lease losses		162,873							162,126							125,814
Total assets	$	1,495,150						$	1,497,987						$	1,305,057
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	32,965	$	48		0.58	%	$	34,268	$	69		0.81	%	$	35,535	$	68		0.76	%
NOW and money market deposit accounts (2)		211,055		962		1.81			212,690		1,048		1.95			224,122		722		1.28
Consumer CDs and IRAs (2)		154,621		1,598		4.10			147,607		1,435		3.86			120,321		827		2.73
Negotiable CDs, public funds and other time deposits (2)		13,052		138		4.24			14,105		148		4.14			5,085		25		2.02
Total domestic interest-bearing deposits		411,693		2,746		2.65			408,670		2,700		2.62			385,063		1,642		1.69
Foreign interest-bearing deposits:
Banks located in foreign countries (2)		38,648		515		5.30			38,588		577		5.93			24,451		326		5.30
Governments and official institutions		14,220		168		4.70			12,801		156		4.83			7,579		74		3.84
Time, savings and other		41,328		366		3.50			40,444		328		3.22			32,624		202		2.46
Total foreign interest-bearing deposits		94,196		1,049		4.42			91,833		1,061		4.58			64,654		602		3.70
Total interest-bearing deposits		505,889		3,795		2.98			500,503		3,761		2.98			449,717		2,244		1.98
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings (2)		405,748		5,522		5.40			429,882		5,855		5.41			364,140		3,791		4.13
Trading account liabilities		75,261		800		4.21			69,462		727		4.15			56,880		619		4.32
Long-term debt (2)		140,756		1,844		5.24			136,769		1,791		5.24			99,601		1,251		5.03
Total interest-bearing liabilities - excluding hedge impact		1,127,654		11,961		4.21			1,136,616		12,134		4.24			970,338		7,905		3.24
Net derivative (income) expense on liabilities				(69	)						(48	)						254
Total interest-bearing liabilities - including hedge impact		1,127,654		11,892		4.19			1,136,616		12,086		4.23			970,338		8,159		3.34
Noninterest-bearing sources:
Noninterest-bearing deposits		174,356							176,348							179,205
Other liabilities		59,093							55,761							55,566
Shareholders’ equity		134,047							129,262							99,948
Total liabilities and shareholders’ equity	$	1,495,150						$	1,497,987						$	1,305,057
Net interest spread						2.24							2.21							2.40
Impact of noninterest-bearing sources						0.55							0.54							0.50
Net interest income/yield on earning assets - excluding hedge impact			$	9,084		2.79	%			$	8,974		2.75	%			$	8,327		2.90	%
Net impact of derivative hedge income (expense)				(129	)	(0.04	)				(80	)	(0.02	)				(225	)	(0.08	)
Net interest income/yield on earning assets			$	8,955		2.75	%			$	8,894		2.73	%			$	8,102		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) Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(33) million, federal funds sold and securities purchased under agreements to resell $(155) million, securities $(5) million, commercial-domestic $(11) million, commercial-foreign $5 million, and other earning assets $1 million in the fourth quarter of 2006. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $4 million, consumer CDs and IRAs $196 million, negotiable CDs, public funds and other time deposits $2 million, banks located in foreign countries $(8) million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(300) million, and long-term debt $37 million in the fourth quarter of 2006. Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(28) million, federal funds sold and securities purchased under agreements to resell $(93) million, securities $(1) million, commercial-domestic $(22) million, commercial-foreign $7 million, and other earning assets $9 million in the third quarter of 2006. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $5 million, consumer CDs and IRAs $223 million, negotiable CDs, public funds and other time deposits $2 million, banks located in foreign countries $(15) million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(388) million, and long-term debt $125 million in the third quarter of 2006. Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(2) million, federal funds sold and securities purchased under agreements to resell $(63) million, residential mortgage $(1) million, commercial-domestic $113 million, commercial-foreign $2 million, and other earning assets $(20) million in the fourth quarter of 2005. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $(1) million, consumer CDs and IRAs $201 million, negotiable CDs, public funds and other time deposits $2 million, banks located in foreign countries $30 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $64 million, and long-term debt $(42) million in the fourth quarter of 2005.

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

(4) Includes consumer finance of $2.8 billion and $2.9 billion in the fourth and third quarters of 2006, and $2.9 billion in the fourth quarter of 2005; and foreign consumer of $7.8 billion and $8.1 billion in the fourth and third quarters of 2006, and $3.7 billion in the fourth quarter of 2005.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

8

Bank of America Corporation

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

(Dollars in millions)

	Year Ended December 31
	2006						2005
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments	$	15,611	$	646	4.14	%	$	14,286	$	472	3.30	%
Federal funds sold and securities purchased under agreements to resell		175,334		7,823	4.46			169,132		5,012	2.96
Trading account assets		145,321		7,552	5.20			133,502		5,883	4.41
Securities		225,219		11,845	5.26			219,843		11,047	5.03
Loans and leases (1):
Residential mortgage		207,879		11,608	5.58			173,773		9,424	5.42
Credit card - domestic		63,838		8,638	13.53			53,997		6,253	11.58
Credit card - foreign		9,141		1,147	12.55			—		—	—
Home equity lines		68,696		5,105	7.43			56,289		3,412	6.06
Direct/Indirect consumer		59,597		4,552	7.64			44,981		2,589	5.75
Other consumer (2)		10,713		1,089	10.17			6,908		667	9.67
Total consumer		419,864		32,139	7.65			335,948		22,345	6.65
Commercial - domestic		151,231		10,897	7.21			128,034		8,266	6.46
Commercial real estate		36,939		2,740	7.42			34,304		2,046	5.97
Commercial lease financing		20,862		995	4.77			20,441		992	4.85
Commercial - foreign		23,521		1,674	7.12			18,491		1,292	6.99
Total commercial		232,553		16,306	7.01			201,270		12,596	6.26
Total loans and leases		652,417		48,445	7.43			537,218		34,941	6.50
Other earning assets		55,242		3,498	6.33			38,013		2,103	5.53
Total earning assets (3)		1,269,144		79,809	6.29			1,111,994		59,458	5.35
Cash and cash equivalents		34,052						33,199
Other assets, less allowance for loan and lease losses		163,485						124,699
Total assets	$	1,466,681					$	1,269,892
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	34,608	$	269	0.78	%	$	36,602	$	211	0.58	%
NOW and money market deposit accounts		218,077		3,923	1.80			227,722		2,839	1.25
Consumer CDs and IRAs		144,738		6,022	4.16			124,385		4,091	3.29
Negotiable CDs, public funds and other time deposits		12,195		483	3.97			6,865		250	3.65
Total domestic interest-bearing deposits		409,618		10,697	2.61			395,574		7,391	1.87
Foreign interest-bearing deposits:
Banks located in foreign countries		34,985		1,982	5.67			22,945		1,202	5.24
Governments and official institutions		12,674		586	4.63			7,418		238	3.21
Time, savings and other		38,544		1,215	3.15			31,603		661	2.09
Total foreign interest-bearing deposits		86,203		3,783	4.39			61,966		2,101	3.39
Total interest-bearing deposits		495,821		14,480	2.92			457,540		9,492	2.08
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings		411,132		19,840	4.83			326,408		11,615	3.56
Trading account liabilities		64,689		2,640	4.08			57,689		2,364	4.10
Long-term debt		130,124		7,034	5.41			97,709		4,418	4.52
Total interest-bearing liabilities (3)		1,101,766		43,994	3.99			939,346		27,889	2.97
Noninterest-bearing sources:
Noninterest-bearing deposits		177,174						174,892
Other liabilities		57,278						55,793
Shareholders’ equity		130,463						99,861
Total liabilities and shareholders’ equity	$	1,466,681					$	1,269,892
Net interest spread					2.30						2.38
Impact of noninterest-bearing sources					0.52						0.46
Net interest income/yield on earning assets (4)			$	35,815	2.82	%			$	31,569	2.84	%

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

(2) Includes consumer finance of $2.9 billion and $3.1 billion and foreign consumer of $7.8 billion and $3.6 billion for the years ended December 31, 2006 and 2005.

(3) Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on the underlying assets $(372) million and $704 million for the years ended December 31, 2006 and 2005. Interest expense includes the impact of interest rate risk management contracts, which increased interest expense on the underlying liabilities $106 million and $1.3 billion for the years ended December 31, 2006 and 2005.

(4) 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.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

9

Bank of America Corporation

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

Income/Expense ⁽¹⁾

(Dollars in millions)

	Year Ended December 31
	2006							2005
	Average Balance		Interest Income/ Expense			Yield/ Rate		Average Balance		Interest Income/ Expense			Yield/ Rate
Earning assets
Time deposits placed and other short-term investments (2)	$	15,611	$	723		4.63	%	$	14,286	$	476		3.33	%
Federal funds sold and securities purchased under agreements to resell (2)		175,334		8,276		4.72			169,132		5,116		3.02
Trading account assets		145,321		7,552		5.20			133,502		5,883		4.41
Securities (2)		225,219		11,853		5.26			219,843		11,057		5.03
Loans and leases (3):
Residential mortgage (2)		207,879		11,608		5.58			173,773		9,405		5.41
Credit card - domestic		63,838		8,638		13.53			53,997		6,253		11.58
Credit card - foreign		9,141		1,147		12.55			—		—		—
Home equity lines		68,696		5,105		7.43			56,289		3,412		6.06
Direct/Indirect consumer		59,597		4,552		7.64			44,981		2,589		5.75
Other consumer (4)		10,713		1,089		10.17			6,908		667		9.67
Total consumer		419,864		32,139		7.65			335,948		22,326		6.65
Commercial - domestic (2)		151,231		10,743		7.10			128,034		7,323		5.72
Commercial real estate		36,939		2,740		7.42			34,304		2,046		5.97
Commercial lease financing		20,862		995		4.77			20,441		992		4.85
Commercial - foreign (2)		23,521		1,660		7.06			18,491		1,288		6.97
Total commercial		232,553		16,138		6.94			201,270		11,649		5.79
Total loans and leases		652,417		48,277		7.40			537,218		33,975		6.32
Other earning assets (2)		55,242		3,500		6.33			38,013		2,247		5.91
Total earning assets - excluding hedge impact		1,269,144		80,181		6.32			1,111,994		58,754		5.28
Net derivative income (expense) on assets				(372	)						704
Total earning assets - including hedge impact		1,269,144		79,809		6.29			1,111,994		59,458		5.35
Cash and cash equivalents		34,052							33,199
Other assets, less allowance for loan and lease losses		163,485							124,699
Total assets	$	1,466,681						$	1,269,892
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings	$	34,608	$	269		0.78	%	$	36,602	$	211		0.58	%
NOW and money market deposit accounts (2)		218,077		3,911		1.79			227,722		2,821		1.24
Consumer CDs and IRAs (2)		144,738		5,285		3.65			124,385		3,151		2.53
Negotiable CDs, public funds and other time deposits (2)		12,195		475		3.90			6,865		187		2.74
Total domestic interest-bearing deposits		409,618		9,940		2.43			395,574		6,370		1.61
Foreign interest-bearing deposits:
Banks located in foreign countries (2)		34,985		1,971		5.64			22,945		1,055		4.60
Governments and official institutions		12,674		586		4.63			7,418		238		3.21
Time, savings and other		38,544		1,215		3.15			31,603		661		2.09
Total foreign interest-bearing deposits		86,203		3,772		4.38			61,966		1,954		3.15
Total interest-bearing deposits		495,821		13,712		2.77			457,540		8,324		1.82
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings (2)		411,132		20,773		5.05			326,408		11,191		3.43
Trading account liabilities		64,689		2,640		4.08			57,689		2,364		4.10
Long-term debt (2)		130,124		6,763		5.20			97,709		4,675		4.79
Total interest-bearing liabilities - excluding hedge impact		1,101,766		43,888		3.98			939,346		26,554		2.83
Net derivative expense on liabilities				106							1,335
Total interest-bearing liabilities - including hedge impact		1,101,766		43,994		3.99			939,346		27,889		2.97
Noninterest-bearing sources:
Noninterest-bearing deposits		177,174							174,892
Other liabilities		57,278							55,793
Shareholders’ equity		130,463							99,861
Total liabilities and shareholders’ equity	$	1,466,681						$	1,269,892
Net interest spread						2.34							2.45
Impact of noninterest-bearing sources						0.52							0.45
Net interest income/yield on earning assets - excluding hedge impact			$	36,293		2.86	%			$	32,200		2.90	%
Net impact of derivative hedge income (expense)				(478	)	(0.04	)				(631	)	(0.06	)
Net interest income/yield on earning assets (5)			$	35,815		2.82	%			$	31,569		2.84	%

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

(2) Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(77) million, federal funds sold and securities purchased under agreements to resell $(453) million, securities $(8) million, commercial-domestic $154 million, commercial-foreign $14 million, and other earning assets $(2) million for the year ended December 31, 2006. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $12 million, consumer CDs and IRAs $737 million, negotiable CDs, public funds and other time deposits $8 million, banks located in foreign countries $11 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $(933) million, and long-term debt $271 million for the year ended December 31, 2006. Interest income excludes the impact of interest rate risk management contracts, which increased (decreased) interest income on time deposits placed and other short-term investments $(4) million, federal funds sold and securities purchased under agreements to resell $(104) million, securities $(10) million, residential mortgages $19 million, commercial-domestic $943 million, commercial-foreign $4 million, and other earning assets $(144) million for the year ended December 31, 2005. Interest expense excludes the impact of interest rate risk management contracts which increased (decreased) interest expense on NOW and money market deposit accounts $18 million, consumer CDs and IRAs $940 million, negotiable CDs, public funds and other time deposits $63 million, banks located in foreign countries $147 million, federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings $424 million, and long-term debt $(257) million for the year ended December 31, 2005.

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

(4) Includes consumer finance of $2.9 billion and $3.1 billion and foreign consumer of $7.8 and $3.6 billion for the years ended December 31, 2006 and 2005.

(5) 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.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

10

Bank of America Corporation

Business Segment View

Net Income

Fourth Quarter 2006

Revenue*

Fourth Quarter 2006

* Fully taxable-equivalent basis

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

11

Bank of America Corporation

Global Consumer and Small Business Banking Segment Results ⁽¹⁾

(Dollars in millions; except as noted)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Net interest income (2)	$	21,100		$	16,898		$	5,312		$	5,243		$	5,199		$	5,346		$	4,343
Noninterest income
Card income		13,504			5,084			3,513			3,265			3,464			3,262			1,325
Service charges		5,343			4,996			1,394			1,410			1,349			1,190			1,261
Mortgage banking income		877			1,012			247			215			210			205			271
All other income		867			333			163			310			257			137			95
Total noninterest income		20,591			11,425			5,317			5,200			5,280			4,794			2,952
Total revenue (2)		41,691			28,323			10,629			10,443			10,479			10,140			7,295
Provision for credit losses		5,172			4,243			1,752			1,144			1,029			1,247			1,291
Gains (losses) on sales of debt securities		(1	)		(2	)		—			—			—			(1	)		(1	)
Noninterest expense		18,830			13,124			4,873			4,730			4,542			4,685			3,285
Income before income taxes (2)		17,688			10,954			4,004			4,569			4,908			4,207			2,718
Income tax expense		6,517			3,933			1,477			1,680			1,801			1,559			969
Net income	$	11,171		$	7,021		$	2,527		$	2,889		$	3,107		$	2,648		$	1,749
Shareholder value added	$	5,738		$	4,318		$	1,192		$	1,542		$	1,753		$	1,251		$	1,009
Net interest yield (2)		6.42	%		5.65	%		6.48	%		6.33	%		6.31	%		6.58	%		5.78	%
Return on average equity		17.70			23.73			16.27			18.42			19.71			16.41			22.05
Efficiency ratio (2)		45.17			46.34			45.84			45.31			43.33			46.21			45.03
Balance Sheet
Average
Total loans and leases	$	192,072		$	144,027		$	200,063		$	193,845		$	187,607		$	186,604		$	149,251
Total earning assets (3)		328,528			298,904			325,295			328,877			330,559			329,421			297,894
Total assets (3)		390,257			326,243			384,725			390,496			393,179			392,715			325,511
Total deposits		330,072			306,098			325,697			330,368			333,999			330,269			306,616
Allocated equity		63,121			29,581			61,617			62,239			63,243			65,435			31,464
Period End
Total loans and leases	$	206,040		$	151,657		$	206,040		$	195,728		$	189,214		$	183,836		$	151,657
Total earning assets (3)		319,552			302,619			319,552			331,734			328,607			338,576			302,619
Total assets (3)		382,392			331,259			382,392			394,920			393,991			401,126			331,259
Total deposits		327,236			306,101			327,236			330,789			336,841			340,463			306,101
Period End (in billions)
Mortgage servicing portfolio	$	333.0		$	296.8		$	333.0		$	323.3		$	313.0		$	302.4		$	296.8

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

(2) Fully taxable-equivalent basis

(3) 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.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

12

Bank of America Corporation

Global Consumer and Small Business Banking Business Results - GAAP (Purchase View)

(Dollars in millions)

	Three Months Ended December 31, 2006
	Total			Deposits (1)			Card Services (2)			Mortgage			Home Equity			ALM/ Other
Net interest income (3)	$	5,312		$	2,489		$	2,269		$	154		$	377		$	23
Noninterest income
Card income		3,513			505			3,008			—			—			—
Service charges		1,394			1,394			—			—			—			—
Mortgage banking income		247			—			—			225			22			—
All other income		163			—			179			12			—			(28	)
Total noninterest income		5,317			1,899			3,187			237			22			(28	)
Total revenue (3)		10,629			4,388			5,456			391			399			(5	)
Provision for credit losses		1,752			56			1,585			1			16			94
Gains (losses) on sales of debt securities		—			—			—			—			—			—
Noninterest expense		4,873			2,360			2,011			248			161			93
Income before income taxes (3)		4,004			1,972			1,860			142			222			(192	)
Income tax expense (benefit)		1,477			728			686			52			82			(71	)
Net income	$	2,527		$	1,244		$	1,174		$	90		$	140		$	(121	)
Shareholder value added	$	1,192		$	909		$	253		$	38		$	90		$	(98	)
Net interest yield (3)		6.48	%		3.01	%		8.90	%		1.80	%		2.42	%		n/m
Return on average equity		16.27			32.39			10.68			18.98			30.49			n/m
Efficiency ratio (3)		45.84			53.78			36.85			63.31			40.36			n/m
Period end - total assets (4)	$	382,392		$	342,443		$	143,179		$	37,282		$	63,742			n/m
	Three Months Ended December 31, 2005
	Total			Deposits (1)			Card Services (2)			Mortgage			Home Equity			ALM/ Other
Net interest income (3)	$	4,343		$	2,336		$	1,337		$	171		$	333		$	166
Noninterest income
Card income		1,325			423			902			—			—			—
Service charges		1,261			1,261			—			—			—			—
Mortgage banking income		271			—			—			254			17			—
All other income		95			—			6			7			—			82
Total noninterest income		2,952			1,684			908			261			17			82
Total revenue (3)		7,295			4,020			2,245			432			350			248
Provision for credit losses		1,291			48			1,191			6			10			36
Gains (losses) on sales of debt securities		(1	)		—			—			—			—			(1	)
Noninterest expense		3,285			2,052			711			273			145			104
Income before income taxes (3)		2,718			1,920			343			153			195			107
Income tax expense		969			684			122			55			70			38
Net income	$	1,749		$	1,236		$	221		$	98		$	125		$	69
Shareholder value added	$	1,009		$	901		$	(51	)	$	48		$	94		$	17
Net interest yield (3)		5.78	%		3.00	%		8.90	%		1.81	%		2.62	%		n/m
Return on average equity		22.05			32.69			7.53			21.18			43.12			n/m
Efficiency ratio (3)		45.03			51.05			31.66			63.29			41.37			n/m
Period end - total assets (4)	$	331,259		$	321,030		$	66,338		$	42,183		$	51,401			n/m

(1) Reflects Premier Banking and Investments cumulative migration which decreased average deposits $50.6 billion and $44.0 billion for the three months ended December 31, 2006 and 2005.

(2) Card Services presented on a held view

(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.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

13

Bank of America Corporation

Global Consumer and Small Business Banking Business Results - GAAP (Purchase View)

(Dollars in millions)

	Year Ended December 31, 2006
	Total			Deposits (1)			Card Services (2)			Mortgage			Home Equity			ALM/ Other
Net interest income (3)	$	21,100		$	9,767		$	8,805		$	599		$	1,406		$	523
Noninterest income
Card income		13,504			1,911			11,593			—			—			—
Service charges		5,343			5,343			—			—			—			—
Mortgage banking income		877			—			—			793			84			—
All other income		867			—			1,087			44			—			(264	)
Total noninterest income		20,591			7,254			12,680			837			84			(264	)
Total revenue (3)		41,691			17,021			21,485			1,436			1,490			259
Provision for credit losses		5,172			165			4,727			17			47			216
Gains (losses) on sales of debt securities		(1	)		—			—			—			—			(1	)
Noninterest expense		18,830			9,053			7,827			972			641			337
Income before income taxes (3)		17,688			7,803			8,931			447			802			(295	)
Income tax expense (benefit)		6,517			2,875			3,291			165			295			(109	)
Net income	$	11,171		$	4,928		$	5,640		$	282		$	507		$	(186	)
Shareholder value added	$	5,738		$	3,610		$	1,908		$	75		$	343		$	(198	)
Net interest yield (3)		6.42	%		2.94	%		8.93	%		1.77	%		2.47	%		n/m
Return on average equity		17.70			32.53			12.67			14.95			33.96			n/m
Efficiency ratio (3)		45.17			53.19			36.43			67.71			43.01			n/m
Period end - total assets (4)	$	382,392		$	342,443		$	143,179		$	37,282		$	63,742			n/m
	Year Ended December 31, 2005
	Total			Deposits (1)			Card Services (2)			Mortgage			Home Equity			ALM/ Other
Net interest income (3)	$	16,898		$	8,537		$	5,009		$	745		$	1,291		$	1,316
Noninterest income
Card income		5,084			1,560			3,524			—			—			—
Service charges		4,996			4,996			—			—			—			—
Mortgage banking income		1,012			—			—			935			77			—
All other income		333			—			57			21			—			255
Total noninterest income		11,425			6,556			3,581			956			77			255
Total revenue (3)		28,323			15,093			8,590			1,701			1,368			1,571
Provision for credit losses		4,243			98			3,999			21			38			87
Gains (losses) on sales of debt securities		(2	)		—			—			—			—			(2	)
Noninterest expense		13,124			8,079			2,968			1,059			646			372
Income before income taxes (3)		10,954			6,916			1,623			621			684			1,110
Income tax expense		3,933			2,484			582			223			246			398
Net income	$	7,021		$	4,432		$	1,041		$	398		$	438		$	712
Shareholder value added	$	4,318		$	3,118		$	21		$	212		$	315		$	652
Net interest yield (3)		5.65	%		2.77	%		8.90	%		1.99	%		2.71	%		n/m
Return on average equity		23.73			29.56			9.28			23.12			39.20			n/m
Efficiency ratio (3)		46.34			53.52			34.55			62.26			47.24			n/m
Period end - total assets (4)	$	331,259		$	321,030		$	66,338		$	42,183		$	51,401			n/m

(1) Reflects Premier Banking and Investments cumulative migration which decreased average deposits $48.5 billion and $39.3 billion for the years ended December 31, 2006 and 2005.

(2) Card Services presented on a held view

(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.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

14

Bank of America Corporation

Global Consumer and Small Business Banking Business Results - Pro Forma View ⁽¹⁾

(Dollars in millions)

	Three Months Ended December 31, 2005
	Total			Deposits (2)			Card Services (3)			Mortgage			Home Equity			ALM/ Other
Net interest income (4)	$	5,166		$	2,370		$	2,133		$	171		$	333		$	159
Noninterest income
Card income		2,931			423			2,508			—			—			—
Service charges		1,261			1,261			—			—			—			—
Mortgage banking income		275			—			—			258			17			—
All other income		209			—			119			7			—			83
Total noninterest income		4,676			1,684			2,627			265			17			83
Total revenue (4)		9,842			4,054			4,760			436			350			242
Provision for credit losses		1,510			48			1,401			6			10			45
Gains (losses) on sales of debt securities		(1	)		—			—			—			—			(1	)
Noninterest expense		4,941			2,052			2,367			273			145			104
Income before income taxes (4)		3,390			1,954			992			157			195			92
Income tax expense		1,210			697			354			56			70			33
Net income	$	2,180		$	1,257		$	638		$	101		$	125		$	59
Shareholder value added	$	863		$	931		$	(220	)	$	51		$	94		$	7
Net interest yield (4)		6.26	%		2.80	%		8.57	%		1.80	%		2.62	%		n/m
Return on average equity		14.08			33.23			6.08			21.75			43.12			n/m
Efficiency ratio (4)		50.20			50.62			49.71			62.67			41.37			n/m
Period end - total assets (5)	$	402,853		$	347,367		$	148,334		$	42,599		$	51,401			n/m
	Year Ended December 31, 2005
	Total			Deposits (2)			Card Services (3)			Mortgage			Home Equity			ALM/ Other
Net interest income (4)	$	20,140		$	8,680		$	7,990		$	745		$	1,291		$	1,434
Noninterest income
Card income		12,105			1,560			10,545			—			—			—
Service charges		4,996			4,996			—			—			—			—
Mortgage banking income		1,048			—			—			971			77			—
All other income		558			—			283			21			—			254
Total noninterest income		18,707			6,556			10,828			992			77			254
Total revenue (4)		38,847			15,236			18,818			1,737			1,368			1,688
Provision for credit losses		5,182			98			4,909			21			38			116
Gains (losses) on sales of debt securities		(2	)		—			—			—			—			(2	)
Noninterest expense		19,016			8,079			8,860			1,059			646			372
Income before income taxes (4)		14,647			7,059			5,049			657			684			1,198
Income tax expense		5,261			2,536			1,815			236			246			428
Net income	$	9,386		$	4,523		$	3,234		$	421		$	438		$	770
Shareholder value added	$	4,399		$	3,244		$	(105	)	$	234		$	315		$	711
Net interest yield (4)		6.15	%		2.59	%		8.56	%		1.99	%		2.71	%		n/m
Return on average equity		15.78			30.16			7.87			24.45			39.20			n/m
Efficiency ratio (4)		48.95			53.02			47.08			60.98			47.24			n/m
Period end - total assets (5)	$	402,853		$	347,367		$	148,334		$	42,599		$	51,401			n/m

(1) Pro Forma View includes the results of MBNA for periods prior to the merger on January 1, 2006. This information is being provided for reference purposes and was previously included in the Corporation’s Form 8-K filed April 10, 2006 containing Unaudited Pro Forma Condensed Combined Financial Information. Certain amounts have been reclassified to conform to current presentation. Reference should be made to the Form 8-K filed April 10, 2006 and to the Form 8-K filed May 25, 2006, which included the Consolidated Financial Statements of the Corporation.

(2) Reflects Premier Banking and Investments cumulative migration which decreased average deposits $44.0 billion and $39.3 billion for the three months and year ended December 31, 2005.

(3) Card Services presented on a held view

(4) Fully taxable-equivalent basis

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

n/m = not meaningful

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

15

Bank of America Corporation

Global Consumer and Small Business Banking Business Results: Customer Relationship View

(Dollars in millions)

GAAP (Purchase View) ⁽¹⁾

	Three Months Ended December 31, 2006								Three Months Ended December 31, 2005
	Total			Consumer			Mass Market and Small Business Banking		Total			Consumer			Mass Market and Small Business Banking
Net interest income (2)	$	5,312		$	4,459		$	853	$	4,343		$	3,668		$	675
Noninterest income		5,317			4,760			557		2,952			2,577			375
Total revenue (2)		10,629			9,219			1,410		7,295			6,245			1,050
Provision for credit losses		1,752			1,520			232		1,291			1,200			91
Gains (losses) on sales of debt securities		—			—			—		(1	)		(1	)		—
Noninterest expense		4,873			4,418			455		3,285			2,869			416
Income before income taxes (2)		4,004			3,281			723		2,718			2,175			543
Income tax expense		1,477			1,210			267		969			775			194
Net income	$	2,527		$	2,071		$	456	$	1,749		$	1,400		$	349
	Year Ended December 31, 2006								Year Ended December 31, 2005
	Total			Consumer			Mass Market and Small Business Banking		Total			Consumer			Mass Market and Small Business Banking
Net interest income (2)	$	21,100		$	17,872		$	3,228	$	16,898		$	14,455		$	2,443
Noninterest income		20,591			18,474			2,117		11,425			9,879			1,546
Total revenue (2)		41,691			36,346			5,345		28,323			24,334			3,989
Provision for credit losses		5,172			4,418			754		4,243			3,961			282
Gains (losses) on sales of debt securities		(1	)		(1	)		—		(2	)		(2	)		—
Noninterest expense		18,830			17,080			1,750		13,124			11,560			1,564
Income before income taxes (2)		17,688			14,847			2,841		10,954			8,811			2,143
Income tax expense		6,517			5,466			1,051		3,933			3,167			766
Net income	$	11,171		$	9,381		$	1,790	$	7,021		$	5,644		$	1,377
Pro Forma View (3)
	Three Months Ended December 31, 2005								Year Ended December 31, 2005
	Total			Consumer			Mass Market and Small Business Banking		Total			Consumer			Mass Market and Small Business Banking
Net interest income (2)	$	5,166		$	4,421		$	745	$	20,140		$	17,423		$	2,717
Noninterest income		4,676			4,232			444		18,707			16,914			1,793
Total revenue (2)		9,842			8,653			1,189		38,847			34,337			4,510
Provision for credit losses		1,510			1,365			145		5,182			4,749			433
Gains (losses) on sales of debt securities		(1	)		(1	)		—		(2	)		(2	)		—
Noninterest expense		4,941			4,471			470		19,016			17,246			1,770
Income before income taxes (2)		3,390			2,816			574		14,647			12,340			2,307
Income tax expense		1,210			1,005			205		5,261			4,436			825
Net income	$	2,180		$	1,811		$	369	$	9,386		$	7,904		$	1,482

(1) Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated.

(2) Fully taxable-equivalent basis

(3) Pro Forma View includes the results of MBNA for periods prior to the merger on January 1, 2006. This information is being provided for reference purposes and was previously included in the Corporation’s Form 8-K filed April 10, 2006 containing Unaudited Pro Forma Condensed Combined Financial Information. Certain amounts have been reclassified to conform to current presentation. Reference should be made to the Form 8-K filed April 10, 2006 and to the Form 8-K filed May 25, 2006, which included the Consolidated Financial Statements of the Corporation.

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

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

16

Bank of America Corporation

Global Consumer and Small Business Banking - Key Indicators

(Dollars in millions; except as noted)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Deposits Key Indicators
Average Deposit Balances
Checking	$	125,610		$	123,211		$	123,536		$	124,834		$	127,754		$	126,355		$	125,515
Savings		31,445			31,970			30,040			31,209			32,453			32,104			31,898
MMS		72,007			69,556			67,355			70,339			73,532			76,925			71,941
CD’s & IRA’s		90,211			73,763			94,296			92,644			88,932			84,842			69,382
Foreign and other		10,799			7,598			10,470			11,342			11,328			10,043			7,880
Total	$	330,072		$	306,098		$	325,697		$	330,368		$	333,999		$	330,269		$	306,616
Average cumulative balances migrated to Premier Banking and Investments	$	48,477		$	39,278		$	50,573		$	49,178		$	47,900		$	46,202		$	43,969
Deposit Spreads (excludes noninterest costs)
Checking		4.22	%		4.18	%		4.26	%		4.23	%		4.21	%		4.18	%		4.16	%
Savings		3.46			3.92			3.68			3.42			3.38			3.36			3.53
MMS		2.84			1.96			3.25			2.87			2.75			2.53			2.69
CD’s & IRA’s		1.19			0.88			1.11			1.20			1.25			1.21			1.19
Foreign and other		4.03			3.84			4.30			4.08			4.05			3.67			4.19
Total		3.00			2.83			3.07			3.00			3.00			2.92			3.06
Net new checking (units in thousands)		2,411			2,301			363			744			701			603			426
Debit purchase volumes	$	169,026		$	141,910		$	45,121		$	42,790		$	42,596		$	38,519		$	39,623
Online Banking (end of period)
Active accounts (units in thousands)		21,250			14,698			21,250			20,576			19,806			19,643			14,698
Active billpay accounts (units in thousands)		11,101			7,281			11,101			10,838			10,410			10,088			7,281
Credit Key Indicators
Managed Card - US Consumer and Business Card
Gross interest yield		12.74	%		11.75	%		13.00	%		12.87	%		12.54	%		12.56	%		12.17	%
Risk adjusted margin (1)		9.35			7.08			8.74			8.83			9.49			10.39			4.37
Loss rates		3.85			6.87			4.56			4.18			3.56			3.07			9.35
Average outstandings (in millions)	$	145,902		$	61,052		$	147,707		$	146,287		$	144,198		$	145,384		$	62,337
New account growth (in thousands)		9,508			5,312			2,492			2,520			2,332			2,164			929
Purchase volumes (in millions)	$	221,682		$	93,967		$	60,948		$	57,129		$	54,751		$	48,854		$	26,051
Delinquencies
30 Day		5.47	%		4.13	%		5.47	%		5.13	%		4.71	%		4.47	%		4.13	%
60 Day		3.79			2.89			3.79			3.47			3.23			3.01			2.89
Mortgage
Mortgage originations (in millions) (2)	$	85,507		$	86,778		$	23,701		$	21,222		$	23,372		$	17,212		$	20,662
Mortgage servicing rights
Period end balance (in millions)		2,869			2,658			2,869			2,932			3,083			2,925			2,658
Capitalized mortgage servicing rights (% of loans serviced)		125 bps			122 bps			125 bps			127 bps			139 bps			132 bps			122 bps
Mortgage loans serviced for investors (in billions)	$	230		$	218		$	230		$	230		$	221		$	221		$	218
Home equity originations (in millions) (2)		80,809			71,978			20,425			20,681			21,141			18,562			19,578

(1) Reflects margin and noninterest revenue, adjusted for loss rates.

(2) Includes originations across all business segments.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

17

Bank of America Corporation

E-Commerce & BankofAmerica.com

Bank of America has the largest active online banking customer base with 21.3 million subscribers.

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

11.1 million active bill pay users paid $50.6 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 376 companies are presenting 23.2 million e-bills per quarter.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

18

Bank of America Corporation

Card Services Results - GAAP (Purchase View)

(Dollars in millions)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Key Measures - Card Services Data (1)
Managed Income Statement
Held total revenue	$	21,485		$	8,590		$	5,456		$	5,330		$	5,466		$	5,233		$	2,245
Securitizations impact		3,363			434			1,023			908			778			654			63
Managed total revenue	$	24,848		$	9,024		$	6,479		$	6,238		$	6,244		$	5,887		$	2,308
% of average managed outstandings		13.0	%		14.8	%		13.0	%		12.8	%		13.3	%		12.8	%		14.7	%
Held provision for credit losses	$	4,727		$	3,999		$	1,585		$	1,032		$	956		$	1,154		$	1,191
Securitizations impact		3,363			434			1,023			908			778			654			63
Managed credit impact	$	8,090		$	4,433		$	2,608		$	1,940		$	1,734		$	1,808		$	1,254
% of average managed outstandings		4.2	%		7.3	%		5.2	%		4.0	%		3.7	%		3.9	%		8.0	%
Held noninterest expense	$	7,827		$	2,968		$	2,011		$	1,956		$	1,844		$	2,016		$	711
Securitizations impact		—			—			—			—			—			—			—
Managed noninterest expense	$	7,827		$	2,968		$	2,011		$	1,956		$	1,844		$	2,016		$	711
% of average managed outstandings		4.1	%		4.9	%		4.0	%		4.0	%		3.9	%		4.4	%		4.5	%
Held income before income taxes	$	8,931		$	1,623		$	1,860		$	2,342		$	2,666		$	2,063		$	343
Securitizations impact		—			—			—			—			—			—			—
Managed income before income taxes	$	8,931		$	1,623		$	1,860		$	2,342		$	2,666		$	2,063		$	343
% of average managed outstandings		4.7	%		2.7	%		3.7	%		4.8	%		5.7	%		4.5	%		2.2	%
Shareholder Value Added - Managed	$	1,847		$	7		$	238		$	524		$	725		$	360		$	(54	)
Merchant Acquiring Business:
Processing volume	$	373,923		$	352,938		$	91,326		$	97,044		$	97,229		$	88,324		$	101,601
Total transactions (units in thousands)		8,131			7,416			2,074			2,101			2,069			1,887			2,058

(1) Beginning with the first quarter of 2006, Card Services includes U.S. Consumer and Business Card, Unsecured Lending, International Card Operations and Merchant Services. Prior to January 1, 2006, Card Services included only U.S. Consumer Credit Card.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

19

Bank of America Corporation

Card Services Results - GAAP (Purchase View) continued

(Dollars in millions)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Key Measures - Card Services Data (1)
Loans
Period End:
On-balance sheet	$	101,532		$	61,397		$	101,532		$	96,173		$	93,217		$	90,533		$	61,397
Securitizations impact		101,865			2,239			101,865			98,683			96,848			94,359			2,239
Managed	$	203,397		$	63,636		$	203,397		$	194,856		$	190,065		$	184,892		$	63,636
Average:
On-balance sheet	$	95,256		$	56,072		$	97,997		$	95,948		$	93,115		$	93,910		$	59,479
Securitizations impact		96,238			5,051			99,765			97,371			94,952			92,776			2,865
Managed	$	191,494		$	61,123		$	197,762		$	193,319		$	188,067		$	186,686		$	62,344
Credit Quality
Charge-Offs $:
Held net charge-offs	$	3,871		$	3,759		$	1,195		$	1,094		$	904		$	678		$	1,406
Securitizations impact		3,363			434			1,023			908			778			654			63
Managed card services net losses	$	7,234		$	4,193		$	2,218		$	2,002		$	1,682		$	1,332		$	1,469
Charge-Offs %:
Held net charge-offs		4.06	%		6.70	%		4.84	%		4.52	%		3.89	%		2.93	%		9.38	%
Securitizations impact		(0.28	)		0.16			(0.39	)		(0.41	)		(0.30	)		(0.04	)		(0.03	)
Managed card services net losses		3.78	%		6.86	%		4.45	%		4.11	%		3.59	%		2.89	%		9.35	%
30+ Delinquency $:
Held delinquency	$	5,433		$	2,585		$	5,433		$	5,123		$	4,528		$	3,834		$	2,585
Securitizations impact		5,067			42			5,067			4,429			4,141			4,241			42
Managed delinquency	$	10,500		$	2,627		$	10,500		$	9,552		$	8,669		$	8,075		$	2,627
30+ Delinquency %:
Held delinquency		5.35	%		4.21	%		5.35	%		5.33	%		4.86	%		4.23	%		4.21	%
Securitizations impact		(0.19	)		(0.08	)		(0.19	)		(0.43	)		(0.30	)		0.14			(0.08	)
Managed delinquency		5.16	%		4.13	%		5.16	%		4.90	%		4.56	%		4.37	%		4.13	%
90+ Delinquency $:
Held delinquency	$	2,651		$	1,232		$	2,651		$	2,408		$	2,208		$	1,752		$	1,232
Securitizations impact		2,394			20			2,394			1,994			1,980			1,926			20
Managed delinquency	$	5,045		$	1,252		$	5,045		$	4,402		$	4,188		$	3,678		$	1,252
90+ Delinquency %:
Held delinquency		2.61	%		2.01	%		2.61	%		2.50	%		2.37	%		1.94	%		2.01	%
Securitizations impact		(0.13	)		(0.04	)		(0.13	)		(0.24	)		(0.17	)		0.05			(0.04	)
Managed delinquency		2.48	%		1.97	%		2.48	%		2.26	%		2.20	%		1.99	%		1.97	%

(1) Beginning with the first quarter of 2006, Card Services includes U.S. Consumer and Business Card, Unsecured Lending, International Card Operations and Merchant Services. Prior to January 1, 2006, Card Services included only U.S. Consumer Credit Card.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

20

Bank of America Corporation

Card Services Results - Pro Forma View

(Dollars in millions)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Key Measures - Card Services Data (1)
Managed Income Statement
Held total revenue	$	21,485		$	18,818		$	5,456		$	5,330		$	5,466		$	5,233		$	4,760
Securitizations impact		3,363			4,940			1,023			908			778			654			1,493
Managed total revenue	$	24,848		$	23,758		$	6,479		$	6,238		$	6,244		$	5,887		$	6,253
% of average managed outstandings		13.0	%		13.3	%		13.0	%		12.8	%		13.3	%		12.8	%		13.4	%
Held provision for credit losses	$	4,727		$	4,909		$	1,585		$	1,032		$	956		$	1,154		$	1,401
Securitizations impact		3,363			4,940			1,023			908			778			654			1,493
Managed credit impact	$	8,090		$	9,849		$	2,608		$	1,940		$	1,734		$	1,808		$	2,894
% of average managed outstandings		4.2	%		5.5	%		5.2	%		4.0	%		3.7	%		3.9	%		6.2	%
Held noninterest expense	$	7,827		$	8,860		$	2,011		$	1,956		$	1,844		$	2,016		$	2,367
Securitizations impact		—			—			—			—			—			—			—
Managed noninterest expense	$	7,827		$	8,860		$	2,011		$	1,956		$	1,844		$	2,016		$	2,367
% of average managed outstandings		4.1	%		4.9	%		4.0	%		4.0	%		3.9	%		4.4	%		5.1	%
Held income before income taxes	$	8,931		$	5,049		$	1,860		$	2,342		$	2,666		$	2,063		$	992
Securitizations impact		—			—			—			—			—			—			—
Managed income before income taxes	$	8,931		$	5,049		$	1,860		$	2,342		$	2,666		$	2,063		$	992
% of average managed outstandings		4.7	%		2.8	%		3.7	%		4.8	%		5.7	%		4.5	%		2.1	%
Shareholder Value Added - Managed	$	1,847		$	(182	)	$	238		$	524		$	725		$	360		$	(235	)
Merchant Acquiring Business:
Processing volume	$	373,923		$	352,938		$	91,326		$	97,044		$	97,229		$	88,324		$	101,601
Total transactions (units in thousands)		8,131			7,416			2,074			2,101			2,069			1,887			2,058

(1) Card Services includes U.S. Consumer and Business Card, Unsecured Lending, International Card Operations and Merchant Services.

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

Card Services Results - Pro Forma View continued

(Dollars in millions)

	Year Ended December 31						Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter
	2006			2005			2006			2006			2006			2006			2005
Key Measures - Card Services Data (1)
Loans
Period End:
On-balance sheet	$	101,532		$	96,756		$	101,532		$	96,173		$	93,217		$	90,533		$	96,756
Securitizations impact		101,865			92,481			101,865			98,683			96,848			94,359			92,481
Managed	$	203,397		$	189,237		$	203,397		$	194,856		$	190,065		$	184,892		$	189,237
Average:
On-balance sheet	$	95,256		$	87,258		$	97,997		$	95,948		$	93,115		$	93,910		$	93,216
Securitizations impact		96,238			91,804			99,765			97,371			94,952			92,776			92,040
Managed	$	191,494		$	179,062		$	197,762		$	193,319		$	188,067		$	186,686		$	185,256
Credit Quality:
Charge-Offs $:
Held net charge-offs	$	3,871		$	4,953		$	1,195		$	1,094		$	904		$	678		$	1,799
Securitizations impact		3,363			4,940			1,023			908			778			654			1,493
Managed card services net losses	$	7,234		$	9,893		$	2,218		$	2,002		$	1,682		$	1,332		$	3,292
Charge-Offs %:
Held net charge-offs		4.06	%		5.68	%		4.84	%		4.52	%		3.89	%		2.93	%		7.66	%
Securitizations impact		(0.28	)		(0.16	)		(0.39	)		(0.41	)		(0.30	)		(0.04	)		(0.61	)
Managed card services net losses		3.78	%		5.52	%		4.45	%		4.11	%		3.59	%		2.89	%		7.05	%
30+ Delinquency $:
Held delinquency	$	5,433		$	3,668		$	5,433		$	5,123		$	4,528		$	3,834		$	3,668
Securitizations impact		5,067			3,825			5,067			4,429			4,141			4,241			3,825
Managed delinquency	$	10,500		$	7,493		$	10,500		$	9,552		$	8,669		$	8,075		$	7,493
30+ Delinquency %:
Held delinquency		5.35	%		3.78	%		5.35	%		5.33	%		4.86	%		4.23	%		3.78	%
Securitizations impact		(0.19	)		0.18			(0.19	)		(0.43	)		(0.30	)		0.14			0.18
Managed delinquency		5.16	%		3.96	%		5.16	%		4.90	%		4.56	%		4.37	%		3.96	%
90+ Delinquency $:
Held delinquency	$	2,651		$	1,692		$	2,651		$	2,408		$	2,208		$	1,752		$	1,692
Securitizations impact		2,394			1,777			2,394			1,994			1,980			1,926			1,777
Managed delinquency	$	5,045		$	3,469		$	5,045		$	4,402		$	4,188		$	3,678		$	3,469
90+ Delinquency %:
Held delinquency		2.61	%		1.74	%		2.61	%		2.50	%		2.37	%		1.94	%		1.74	%
Securitizations impact		(0.13	)		0.09			(0.13	)		(0.24	)		(0.17	)		0.05			0.09
Managed delinquency		2.48	%		1.83	%		2.48	%		2.26	%		2.20	%		1.99	%		1.83	%

(1) Card Services includes U.S. Consumer and Business Card, Unsecured Lending, International Card Operations and Merchant Services.

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

Credit Card Only - GAAP (Purchase View) ⁽¹⁾

(Dollars in millions)

	Year Ended December 31						Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter
	2006			2005			2006			2006			2006			2006			2005
Key Measures - Credit Card Data
Loans
Period End:
On-balance sheet	$	72,194		$	58,548		$	72,194		$	70,067		$	71,566		$	72,279		$	58,548
Securitizations impact		98,295			2,237			98,295			94,389			90,564			87,154			2,237
Managed	$	170,489		$	60,785		$	170,489		$	164,456		$	162,130		$	159,433		$	60,785
Average:
On-balance sheet	$	72,979		$	53,997		$	70,177		$	71,963		$	73,285		$	76,572		$	56,858
Securitizations impact		90,430			5,051			95,815			92,175			88,032			85,566			2,865
Managed	$	163,409		$	59,048		$	165,992		$	164,138		$	161,317		$	162,138		$	59,723
Credit Quality
Charge-Offs $:
Held net charge-offs	$	3,319		$	3,652		$	963		$	923		$	780		$	653		$	1,366
Securitizations impact		3,055			434			943			825			694			593			63
Managed credit card net losses	$	6,374		$	4,086		$	1,906		$	1,748		$	1,474		$	1,246		$	1,429
Charge-Offs %:
Held net charge-offs		4.55	%		6.76	%		5.44	%		5.09	%		4.27	%		3.46	%		9.53	%
Securitizations impact		(0.65	)		0.16			(0.88	)		(0.86	)		(0.60	)		(0.34	)		(0.04	)
Managed credit card net losses		3.90	%		6.92	%		4.56	%		4.23	%		3.67	%		3.12	%		9.49	%
30+ Delinquency $:
Held delinquency	$	4,347		$	2,496		$	4,347		$	4,234		$	3,874		$	3,306		$	2,496
Securitizations impact		4,815			42			4,815			4,152			3,831			3,924			42
Managed delinquency	$	9,162		$	2,538		$	9,162		$	8,386		$	7,705		$	7,230		$	2,538
30+ Delinquency %:
Held delinquency		6.02	%		4.26	%		6.02	%		6.04	%		5.41	%		4.57	%		4.26	%
Securitizations impact		(0.65	)		(0.08	)		(0.65	)		(0.94	)		(0.66	)		(0.03	)		(0.08	)
Managed delinquency		5.37	%		4.18	%		5.37	%		5.10	%		4.75	%		4.54	%		4.18	%
90+ Delinquency $:
Held delinquency	$	2,175		$	1,197		$	2,175		$	2,036		$	1,919		$	1,540		$	1,197
Securitizations impact		2,261			20			2,261			1,860			1,826			1,767			20
Managed delinquency	$	4,436		$	1,217		$	4,436		$	3,896		$	3,745		$	3,307		$	1,217
90+ Delinquency %:
Held delinquency		3.01	%		2.05	%		3.01	%		2.91	%		2.68	%		2.13	%		2.05	%
Securitizations impact		(0.41	)		(0.05	)		(0.41	)		(0.54	)		(0.37	)		(0.06	)		(0.05	)
Managed delinquency		2.60	%		2.00	%		2.60	%		2.37	%		2.31	%		2.07	%		2.00	%

(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.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

23

Bank of America Corporation

Credit Card Only - Pro Forma View ⁽¹⁾

(Dollars in millions)

	Year Ended December 31						Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter
	2006			2005			2006			2006			2006			2006			2005
Key Measures - Credit Card Data
Loans
Period End:
On-balance sheet	$	72,194		$	79,944		$	72,194		$	70,067		$	71,566		$	72,279		$	79,944
Securitizations impact		98,295			85,272			98,295			94,389			90,564			87,154			85,272
Managed	$	170,489		$	165,216		$	170,489		$	164,456		$	162,130		$	159,433		$	165,216
Average:
On-balance sheet	$	72,979		$	72,369		$	70,177		$	71,963		$	73,285		$	76,572		$	76,827
Securitizations impact		90,430			84,906			95,815			92,175			88,032			85,566			84,819
Managed	$	163,409		$	157,275		$	165,992		$	164,138		$	161,317		$	162,138		$	161,646
Credit Quality:
Charge-Offs $:
Held net charge-offs	$	3,319		$	4,323		$	963		$	923		$	780		$	653		$	1,569
Securitizations impact		3,055			4,409			943			825			694			593			1,312
Managed credit card net losses	$	6,374		$	8,732		$	1,906		$	1,748		$	1,474		$	1,246		$	2,881
Charge-Offs %:
Held net charge-offs		4.55	%		5.97	%		5.44	%		5.09	%		4.27	%		3.46	%		8.10	%
Securitizations impact		(0.65	)		(0.42	)		(0.88	)		(0.86	)		(0.60	)		(0.34	)		(1.03	)
Managed credit card net losses		3.90	%		5.55	%		4.56	%		4.23	%		3.67	%		3.12	%		7.07	%
30+ Delinquency $:
Held delinquency	$	4,347		$	3,204		$	4,347		$	4,234		$	3,874		$	3,306		$	3,204
Securitizations impact		4,815			3,543			4,815			4,152			3,831			3,924			3,543
Managed delinquency	$	9,162		$	6,747		$	9,162		$	8,386		$	7,705		$	7,230		$	6,747
30+ Delinquency %:
Held delinquency		6.02	%		4.01	%		6.02	%		6.04	%		5.41	%		4.57	%		4.01	%
Securitizations impact		(0.65	)		0.07			(0.65	)		(0.94	)		(0.66	)		(0.03	)		0.07
Managed delinquency		5.37	%		4.08	%		5.37	%		5.10	%		4.75	%		4.54	%		4.08	%
90+ Delinquency $:
Held delinquency	$	2,175		$	1,508		$	2,175		$	2,036		$	1,919		$	1,540		$	1,508
Securitizations impact		2,261			1,642			2,261			1,860			1,826			1,767			1,642
Managed delinquency	$	4,436		$	3,150		$	4,436		$	3,896		$	3,745		$	3,307		$	3,150
90+ Delinquency %:
Held delinquency		3.01	%		1.89	%		3.01	%		2.91	%		2.68	%		2.13	%		1.89	%
Securitizations impact		(0.41	)		0.02			(0.41	)		(0.54	)		(0.37	)		(0.06	)		0.02
Managed delinquency		2.60	%		1.91	%		2.60	%		2.37	%		2.31	%		2.07	%		1.91	%

(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.

24

Bank of America Corporation

Card Services Results - Reconciliation - GAAP (Purchase View) to Pro Forma

(Dollars in millions)

Card Services Data (1)	Fourth Quarter 2005						Year Ended December 31, 2005
	Bank of America		Adjustments to include MBNA (2)		Combined		Bank of America		Adjustments to include MBNA (2)		Combined
Income Statement Data
Held total revenue	$	2,245	$	2,515	$	4,760	$	8,590	$	10,228	$	18,818
Securitizations impact		63		1,430		1,493		434		4,506		4,940
Managed total revenue	$	2,308	$	3,945	$	6,253	$	9,024	$	14,734	$	23,758
Held provision for credit losses	$	1,191	$	210	$	1,401	$	3,999	$	910	$	4,909
Securitizations impact		63		1,430		1,493		434		4,506		4,940
Managed credit impact	$	1,254	$	1,640	$	2,894	$	4,433	$	5,416	$	9,849
Held noninterest expense	$	711	$	1,656	$	2,367	$	2,968	$	5,892	$	8,860
Securitizations impact		—		—		—		—		—		—
Managed noninterest expense	$	711	$	1,656	$	2,367	$	2,968	$	5,892	$	8,860
Held income before income taxes	$	343	$	649	$	992	$	1,623	$	3,426	$	5,049
Securitizations impact		—		—		—		—		—		—
Managed income before income taxes	$	343	$	649	$	992	$	1,623	$	3,426	$	5,049

(1) Card Services includes U.S. Consumer and Business Card, Unsecured Lending, International Card Operations and Merchant Services.

(2) Reflects historical MBNA amounts as well as purchase accounting adjustments which were allocated to the business segments and All Other primarily based on how the assets acquired and liabilities assumed in the MBNA merger were allocated to the respective business segments and All Other. See also Notes to Unaudited Pro Forma Condensed Combined Financial Information in Form 8-K filed on April 10, 2006.

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

Card Services Results - Reconciliation - GAAP (Purchase View) to Pro Forma continued

(Dollars in millions)

Card Services Data (2)	Fourth Quarter 2005						Year Ended December 31, 2005
	Bank of America		Adjustments to include MBNA (1)		Combined		Bank of America		Adjustments to include MBNA (1)		Combined
Loans
Period End:
On-balance sheet	$	61,397	$	35,359	$	96,756	$	61,397	$	35,359	$	96,756
Securitizations impact		2,239		90,242		92,481		2,239		90,242		92,481
Managed	$	63,636	$	125,601	$	189,237	$	63,636	$	125,601	$	189,237
Average:
On-balance sheet	$	59,479	$	33,737	$	93,216	$	56,072	$	31,186	$	87,258
Securitizations impact		2,865		89,175		92,040		5,051		86,753		91,804
Managed	$	62,344	$	122,912	$	185,256	$	61,123	$	117,939	$	179,062
Credit Card Data (3)	Fourth Quarter 2005						Year Ended December 31, 2005
	Bank of America		Adjustments to include MBNA (1)		Combined		Bank of America		Adjustments to include MBNA (1)		Combined
Loans
Period End:
On-balance sheet	$	58,548	$	21,396	$	79,944	$	58,548	$	21,396	$	79,944
Securitizations impact		2,237		83,035		85,272		2,237		83,035		85,272
Managed	$	60,785	$	104,431	$	165,216	$	60,785	$	104,431	$	165,216
Average:
On-balance sheet	$	56,858	$	19,969	$	76,827	$	53,997	$	18,372	$	72,369
Securitizations impact		2,865		81,954		84,819		5,051		79,855		84,906
Managed	$	59,723	$	101,923	$	161,646	$	59,048	$	98,227	$	157,275

(1) Reflects historical MBNA amounts as well as purchase accounting adjustments which were allocated to the business segments and All Other primarily based on how the assets acquired and liabilities assumed in the MBNA merger were allocated to the respective business segments and All Other. See also Notes to Unaudited Pro Forma Condensed Combined Financial Information in Form 8-K filed on April 10, 2006.

(2) Card Services includes U.S. Consumer and Business Card, Unsecured Lending, International Card Operations and Merchant Services.

(3) 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.

26

Bank of America Corporation

Global Corporate and Investment Banking Segment Results

(Dollars in millions)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Net interest income (1)	$	10,693		$	11,156		$	2,624		$	2,643		$	2,708		$	2,718		$	2,771
Noninterest income
Service charges		2,777			2,618			677			710			703			687			641
Investment and brokerage services		1,027			1,046			226			252			277			272			271
Investment banking income		2,477			1,892			756			554			645			522			547
Trading account profits		3,028			1,770			437			711			872			1,008			307
All other income		2,689			2,118			678			1,145			508			358			421
Total noninterest income		11,998			9,444			2,774			3,372			3,005			2,847			2,187
Total revenue (1)		22,691			20,600			5,398			6,015			5,713			5,565			4,958
Provision for credit losses		(6	)		(291	)		(108	)		22			41			39			97
Gains (losses) on sales of debt securities		53			263			19			14			(3	)		23			95
Noninterest expense		11,998			11,133			3,045			2,965			2,957			3,031			2,967
Income before income taxes (1)		10,752			10,021			2,480			3,042			2,712			2,518			1,989
Income tax expense		3,960			3,637			909			1,120			999			932			707
Net income	$	6,792		$	6,384		$	1,571		$	1,922		$	1,713		$	1,586		$	1,282
Shareholder value added	$	2,349		$	1,966		$	484		$	828		$	571		$	466		$	152
Net interest yield (1)		1.71	%		2.03	%		1.57	%		1.65	%		1.77	%		1.88	%		1.92	%
Return on average equity		16.21			15.28			15.33			18.63			15.92			15.02			11.99
Efficiency ratio (1)		52.87			54.04			56.41			49.30			51.75			54.46			59.84
Balance Sheet
Average
Total loans and leases	$	243,282		$	214,818		$	246,608		$	246,419		$	243,140		$	236,818		$	228,999
Total trading-related assets		338,364			314,568			361,627			340,952			332,688			317,675			317,970
Total earning assets		625,212			550,620			663,112			636,614			613,246			586,916			571,099
Total assets		706,906			633,253			743,094			715,588			700,237			667,783			654,655
Total deposits		205,652			189,860			212,707			206,576			205,263			197,890			192,771
Allocated equity		41,892			41,773			40,656			40,941			43,179			42,824			42,412
Period End
Total loans and leases	$	246,490		$	232,631		$	246,490		$	243,410		$	246,287		$	239,066		$	232,631
Total trading-related assets		309,321			291,267			309,321			296,504			294,435			268,932			291,267
Total earning assets		605,153			553,390			605,153			592,702			584,249			546,058			553,390
Total assets		689,248			633,362			689,248			675,898			666,070			630,946			633,362
Total deposits		216,875			198,352			216,875			199,737			203,138			198,576			198,352

(1) Fully taxable-equivalent basis

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

27

Bank of America Corporation

Global Corporate and Investment Banking Business Results

(Dollars in millions)

	Three Months Ended December 31, 2006
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income (1)	$	2,624		$	1,138		$	486		$	970		$	30
Noninterest income
Service charges		677			128			29			493			27
Investment and brokerage services		226			1			209			8			8
Investment banking income		756			—			756			—			—
Trading account profits		437			9			388			12			28
All other income		678			112			140			197			229
Total noninterest income		2,774			250			1,522			710			292
Total revenue (1)		5,398			1,388			2,008			1,680			322
Provision for credit losses		(108	)		(85	)		6			(2	)		(27	)
Gains on sales of debt securities		19			5			10			—			4
Noninterest expense		3,045			550			1,401			818			276
Income before income taxes (1)		2,480			928			611			864			77
Income tax expense		909			343			226			320			20
Net income	$	1,571		$	585		$	385		$	544		$	57
Shareholder value added	$	484		$	207		$	95		$	362		$	(180	)
Net interest yield (1)		1.57	%		1.91	%		n/m			2.83	%		n/m
Return on average equity		15.33			15.76			14.52	%		31.39			n/m
Efficiency ratio (1)		56.41			39.56			69.78			48.69			n/m
Period end - total assets (2)	$	689,248		$	246,414		$	384,151		$	166,503			n/m
	Three Months Ended December 31, 2005
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income (1)	$	2,771		$	1,194		$	421		$	962		$	194
Noninterest income
Service charges		641			119			30			448			44
Investment and brokerage services		271			4			225			7			35
Investment banking income		547			—			547			—			—
Trading account profits		307			8			256			11			32
All other income		421			90			64			172			95
Total noninterest income		2,187			221			1,122			638			206
Total revenue (1)		4,958			1,415			1,543			1,600			400
Provision for credit losses		97			207			(12	)		—			(98	)
Gains on sales of debt securities		95			—			32			—			63
Noninterest expense		2,967			523			1,280			790			374
Income before income taxes (1)		1,989			685			307			810			187
Income tax expense		707			246			107			292			62
Net income	$	1,282		$	439		$	200		$	518		$	125
Shareholder value added	$	152		$	40		$	(87	)	$	315		$	(116	)
Net interest yield (1)		1.92	%		2.20	%		n/m			2.63	%		n/m
Return on average equity		11.99			11.19			7.62	%		26.68			n/m
Efficiency ratio (1)		59.84			36.96			83.03			49.33			n/m
Period end - total assets (2)	$	633,362		$	227,523		$	338,190		$	170,601			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.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

28

Bank of America Corporation

Global Corporate and Investment Banking Business Results

(Dollars in millions)

	Year Ended December 31, 2006
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income (1)	$	10,693		$	4,605		$	1,651		$	3,880		$	557
Noninterest income
Service charges		2,777			501			120			1,995			161
Investment and brokerage services		1,027			15			867			33			112
Investment banking income		2,477			—			2,476			—			1
Trading account profits		3,028			54			2,748			48			178
All other income		2,689			507			338			734			1,110
Total noninterest income		11,998			1,077			6,549			2,810			1,562
Total revenue (1)		22,691			5,682			8,200			6,690			2,119
Provision for credit losses		(6	)		3			14			(2	)		(21	)
Gains on sales of debt securities		53			13			22			—			18
Noninterest expense		11,998			2,153			5,524			3,248			1,073
Income before income taxes (1)		10,752			3,539			2,684			3,444			1,085
Income tax expense		3,960			1,310			993			1,274			383
Net income	$	6,792		$	2,229		$	1,691		$	2,170		$	702
Shareholder value added	$	2,349		$	623		$	517		$	1,431		$	(222	)
Net interest yield (1)		1.71	%		2.00	%		n/m			2.85	%		n/m
Return on average equity		16.21			14.23			15.76	%		30.76			n/m
Efficiency ratio (1)		52.87			37.89			67.36			48.55			n/m
Period end - total assets (2)	$	689,248		$	246,414		$	384,151		$	166,503			n/m
	Year Ended December 31, 2005
	Total			Business Lending			Capital Markets and Advisory Services			Treasury Services			ALM/ Other
Net interest income (1)	$	11,156		$	4,825		$	1,938		$	3,375		$	1,018
Noninterest income
Service charges		2,618			474			111			1,866			167
Investment and brokerage services		1,046			17			876			28			125
Investment banking income		1,892			—			1,891			—			1
Trading account profits		1,770			(28	)		1,618			63			117
All other income		2,118			769			329			676			344
Total noninterest income		9,444			1,232			4,825			2,633			754
Total revenue (1)		20,600			6,057			6,763			6,008			1,772
Provision for credit losses		(291	)		67			(27	)		(4	)		(327	)
Gains on sales of debt securities		263			62			55			—			146
Noninterest expense		11,133			2,010			4,754			3,149			1,220
Income before income taxes (1)		10,021			4,042			2,091			2,863			1,025
Income tax expense		3,637			1,448			745			1,030			414
Net income	$	6,384		$	2,594		$	1,346		$	1,833		$	611
Shareholder value added	$	1,966		$	1,031		$	265		$	1,128		$	(458	)
Net interest yield (1)		2.03	%		2.36	%		n/m			2.37	%		n/m
Return on average equity		15.28			16.92			13.61	%		27.06			n/m
Efficiency ratio (1)		54.04			33.18			70.30			52.41			n/m
Period end - total assets (2)	$	633,362		$	227,523		$	338,190		$	170,601			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.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

29

Bank of America Corporation

Global Corporate and Investment Banking - Business Lending Key Indicators

(Dollars in millions)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Business lending revenue (1)
Corporate lending (2)	$	768		$	1,347		$	172		$	198		$	223		$	175		$	248
Commercial lending		4,206			4,093			1,047			1,015			1,117			1,027			981
Consumer indirect lending		721			679			174			183			184			180			186
Total revenue	$	5,695		$	6,119		$	1,393		$	1,396		$	1,524		$	1,382		$	1,415
Business lending margin
Corporate lending		1.32	%		1.73	%		1.34	%		1.25	%		1.36	%		1.35	%		1.53	%
Commercial lending		1.61			1.78			1.51			1.57			1.66			1.71			1.70
Consumer indirect lending		1.80			2.11			1.79			1.76			1.79			1.87			2.01
Provision
Corporate lending	$	(203	)	$	(220	)	$	(96	)	$	(21	)	$	(21	)	$	(65	)	$	11
Commercial lending		(67	)		21			(59	)		9			(22	)		5			109
Consumer indirect lending		273			266			70			65			62			76			87
Total provision	$	3		$	67		$	(85	)	$	53		$	19		$	16		$	207
Credit quality (% vs. loans) (3,4)
Criticized assets
Corporate lending	$	1,314		$	1,602		$	1,314		$	1,477		$	1,473		$	1,593		$	1,602
		1.80	%		2.27	%		1.80	%		1.97	%		1.96	%		2.23	%		2.27	%
Commercial lending	$	4,971		$	4,633		$	4,971		$	5,132		$	4,609		$	4,540		$	4,633
		2.85	%		2.82	%		2.85	%		2.99	%		2.72	%		2.75	%		2.82	%
Total	$	6,285		$	6,235		$	6,285		$	6,609		$	6,082		$	6,133		$	6,235
		2.54	%		2.66	%		2.54	%		2.68	%		2.49	%		2.59	%		2.66	%
Nonperforming assets
Corporate lending	$	138		$	182		$	138		$	143		$	165		$	178		$	182
		0.37	%		0.48	%		0.37	%		0.38	%		0.44	%		0.46	%		0.48	%
Commercial lending	$	487		$	430		$	487		$	402		$	463		$	474		$	430
		0.33	%		0.31	%		0.33	%		0.28	%		0.33	%		0.34	%		0.31	%
Total	$	625		$	612		$	625		$	545		$	628		$	652		$	612
		0.34	%		0.35	%		0.34	%		0.30	%		0.35	%		0.37	%		0.35	%
Average loans and leases by product
Commercial	$	111,590		$	99,272		$	115,197		$	112,370		$	110,391		$	108,319		$	104,832
Leases		20,454			20,172			20,908			20,379			20,425			20,096			19,792
Foreign		12,421			9,396			13,110			12,623			12,186			11,748			10,473
Real estate		34,800			32,621			34,422			35,195			34,803			34,778			34,209
Consumer		34,701			28,812			35,362			35,706			34,128			33,579			32,307
Other		2,208			2,421			2,169			2,167			2,216			2,279			2,334
Total average loans and leases	$	216,174		$	192,694		$	221,168		$	218,440		$	214,149		$	210,799		$	203,947
(1)    Includes Gains (Losses) on Sales of Debt Securities.
(2)    Total corporate lending revenue	$	768		$	1,347		$	172		$	198		$	223		$	175		$	248
Less: impact of credit mitigation		(222	)		179			(63	)		(36	)		(39	)		(84	)		(36	)
Corporate lending revenues excluding credit mitigation	$	990		$	1,168		$	235		$	234		$	262		$	259		$	284
(3)    Criticized assets correspond to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The criticized assets are on an end-of-period basis and are also shown as a percentage of total commercial utilized credit exposure, including loans and leases, stand by letters of credit, and financial guarantees, derivative assets, assets held-for-sale and commercial letters of credit.
(4)    Nonperforming assets are on an end-of-period basis and defined as nonperforming loans and leases plus foreclosed properties. The nonperforming ratio is nonperforming assets divided by commercial loans and leases plus commercial foreclosed properties.
Certain prior period amounts have been reclassified among the segments to conform to the current period presentation.
Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

30

Bank of America Corporation

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

(Dollars in millions)

	Year Ended December 31				Fourth Quarter 2006		Third Quarter 2006		Second Quarter 2006		First Quarter 2006		Fourth Quarter 2005
	2006		2005
Investment banking income
Advisory fees	$	338	$	295	$	123	$	85	$	54	$	76	$	73
Debt underwriting		1,822		1,323		549		417		476		380		390
Equity underwriting		316		273		84		52		114		66		84
Total investment banking income		2,476		1,891		756		554		644		522		547
Sales and trading
Fixed income:
Liquid products		2,021		1,890		414		401		612		594		454
Credit products		825		634		147		238		141		299		64
Structured products		1,449		1,033		346		373		382		348		271
Total fixed income		4,295		3,557		907		1,012		1,135		1,241		789
Equity income		1,451		1,370		355		310		340		446		239
Total sales and trading		5,746		4,927		1,262		1,322		1,475		1,687		1,028
Total capital markets and advisory services revenue (1)	$	8,222	$	6,818	$	2,018	$	1,876	$	2,119	$	2,209	$	1,575
Balance sheet (average)
Trading account securities	$	142,009	$	130,547	$	163,809	$	143,250	$	130,272	$	130,323	$	136,058
Reverse repurchases		73,411		72,757		74,803		73,136		70,571		75,141		75,229
Securities borrowed		97,077		85,113		98,372		98,375		102,759		88,682		79,993
Derivative assets		22,161		22,096		21,437		22,040		25,259		19,894		21,918
Trading-related assets	$	334,658	$	310,513	$	358,421	$	336,801	$	328,861	$	314,040	$	313,198
Sales credits from secondary trading
Liquid products	$	943	$	813	$	244	$	223	$	246	$	230	$	197
Credit products		847		657		249		209		205		184		160
Structured products		666		565		170		158		176		162		128
Equities		814		826		194		193		206		221		211
Total	$	3,270	$	2,861	$	857	$	783	$	833	$	797	$	696
Volatility of product revenues- 1 std dev
Liquid products	$	7.1	$	9.4	$	7.2	$	7.8	$	6.6	$	5.9	$	7.0
Credit products		3.3		7.8		2.9		2.5		3.6		3.3		4.1
Structured products		5.1		4.9		4.9		4.6		5.5		5.4		5.1
Equities		4.5		5.6		4.2		3.6		5.5		4.0		3.7
Total		10.7		15.8		12.1		9.3		10.9		8.8		12.2

(1) Includes Gains (Losses) on Sales of Debt Securities.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

31

Bank of America Corporation

Global Corporate & Investment Banking Strategic Progress

Source: Thomson Financial except Syndicated Loans and Leveraged Loans from Loan Pricing Corporation.

Significant U.S. market share gains

• #1 in leveraged loans, ranked by number of deals

• Top 5 rankings in:

Syndicated loans

Leveraged loans

Investment grade debt

Convertible debt

• Highest year-end ranking for investment grade debt at #3

• M&A market share for YTD 05 includes MBNA; market share without MBNA is 9.2%

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

32

Bank of America Corporation

Global Wealth and Investment Management Segment Results ⁽¹⁾

(Dollars in millions, except as noted)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Net interest income (2)	$	3,881		$	3,820		$	971		$	943		$	986		$	981		$	1,001
Noninterest income
Investment and brokerage services		3,449			3,140			903			843			870			833			792
All other income		449			356			114			82			99			154			98
Total noninterest income		3,898			3,496			1,017			925			969			987			890
Total revenue (2)		7,779			7,316			1,988			1,868			1,955			1,968			1,891
Provision for credit losses		(40	)		(7	)		2			(1	)		(40	)		(1	)		1
Noninterest expense		4,005			3,710			1,030			992			991			992			948
Income before income taxes (2)		3,814			3,613			956			877			1,004			977			942
Income tax expense		1,411			1,297			354			324			370			363			336
Net income	$	2,403		$	2,316		$	602		$	553		$	634		$	614		$	606
Shareholder value added	$	1,340		$	1,263		$	331		$	291		$	382		$	336		$	322
Net interest yield (2)		3.29	%		3.19	%		3.16	%		3.22	%		3.39	%		3.41	%		3.38	%
Return on average equity		23.20			22.52			22.80			21.68			25.76			22.69			21.97
Efficiency ratio (2)		51.48			50.72			51.80			53.12			50.68			50.39			50.09
Balance Sheet
Average
Total loans and leases	$	61,497		$	54,102		$	64,465		$	62,271		$	60,412		$	58,766		$	57,187
Total earning assets (3)		117,916			119,607			122,147			116,124			116,571			116,784			117,534
Total assets (3)		125,663			127,394			129,904			123,796			124,345			124,571			125,312
Total deposits		115,071			117,338			118,527			113,529			114,195			114,001			114,859
Allocated equity		10,358			10,284			10,481			10,115			9,867			10,975			10,954
Period End
Total loans and leases	$	66,034		$	58,380		$	66,034		$	63,301		$	61,602		$	59,512		$	58,380
Total earning assets (3)		129,589			121,269			129,589			117,258			115,200			117,779			121,269
Total assets (3)		137,739			129,232			137,739			125,247			123,119			125,799			129,232
Total deposits		125,622			115,454			125,622			114,721			113,222			115,290			115,454
Client Assets
Assets under management	$	542,977		$	482,394		$	542,977		$	517,055		$	500,144		$	493,930		$	482,394
Client brokerage assets		184,141			161,692			184,141			175,873			169,532			170,600			161,692
Assets in custody		100,982			94,184			100,982			93,156			95,128			96,934			94,184
Less: Client brokerage assets and assets in custody included in assets under management		(37,788	)		(29,801	)		(37,788	)		(36,852	)		(34,275	)		(34,469	)		(29,801	)
Total net client assets	$	790,312		$	708,469		$	790,312		$	749,232		$	730,529		$	726,995		$	708,469

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

(2) Fully taxable-equivalent basis

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

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

33

Bank of America Corporation

Global Wealth and Investment Management Business Results

(Dollars in millions)

	Three Months Ended December 31, 2006
	Total			Private Bank			Columbia Management			Premier Banking and Investments			ALM/ Other (1)
Net interest income (2)	$	971		$	254		$	(3	)	$	491		$	229
Noninterest income
Investment and brokerage services		903			246			417			202			38
All other income		114			12			5			35			62
Total noninterest income		1,017			258			422			237			100
Total revenue (2)		1,988			512			419			728			329
Provision for credit losses		2			—			—			3			(1	)
Noninterest expense		1,030			325			274			349			82
Income before income taxes (2)		956			187			145			376			248
Income tax expense		354			69			53			139			93
Net income	$	602		$	118		$	92		$	237		$	155
Shareholder value added	$	331		$	47		$	57		$	141		$	86
Net interest yield (2)		3.16	%		3.13	%		n/m			3.94	%		n/m
Return on average equity		22.80			16.99			22.10	%		26.16			n/m
Efficiency ratio (2)		51.80			63.51			65.36			47.94			n/m
Period end - total assets (3)	$	137,739		$	34,047		$	3,082		$	54,034			n/m
	Three Months Ended December 31, 2005
	Total			Private Bank			Columbia Management			Premier Banking and Investments			ALM/ Other (1)
Net interest income (2)	$	1,001		$	260		$	(2	)	$	505		$	238
Noninterest income
Investment and brokerage services		792			243			345			168			36
All other income		98			18			9			36			35
Total noninterest income		890			261			354			204			71
Total revenue (2)		1,891			521			352			709			309
Provision for credit losses		1			(3	)		—			4			—
Noninterest expense		948			318			233			310			87
Income before income taxes (2)		942			206			119			395			222
Income tax expense		336			74			43			142			77
Net income	$	606		$	132		$	76		$	253		$	145
Shareholder value added	$	322		$	78		$	38		$	153		$	53
Net interest yield (2)		3.38	%		3.39	%		n/m			3.74	%		n/m
Return on average equity		21.97			24.35			17.34	%		27.01			n/m
Efficiency ratio (2)		50.09			61.13			66.18			43.72			n/m
Period end - total assets (3)	$	129,232		$	31,736		$	2,686		$	60,055			n/m

(1) Reflects Premier Banking and Investments cumulative migration which increased average deposits $50.6 billion and $44.0 billion for the three months ended December 31, 2006 and 2005.

(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.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

34

Bank of America Corporation

Global Wealth and Investment Management Business Results

(Dollars in millions)

	Year Ended December 31, 2006
	Total			Private Bank			Columbia Management			Premier Banking and Investments			ALM/ Other (1)
Net interest income (2)	$	3,881		$	1,000		$	(37	)	$	2,000		$	918
Noninterest income
Investment and brokerage services		3,449			1,014			1,532			752			151
All other income		449			84			43			126			196
Total noninterest income		3,898			1,098			1,575			878			347
Total revenue (2)		7,779			2,098			1,538			2,878			1,265
Provision for credit losses		(40	)		(52	)		—			13			(1	)
Noninterest expense		4,005			1,273			1,007			1,361			364
Income before income taxes (2)		3,814			877			531			1,504			902
Income tax expense		1,411			324			196			556			335
Net income	$	2,403		$	553		$	335		$	948		$	567
Shareholder value added	$	1,340		$	302		$	196		$	574		$	268
Net interest yield (2)		3.29	%		3.20	%		n/m			4.09	%		n/m
Return on average equity		23.20			22.46			20.66	%		26.89			n/m
Efficiency ratio (2)		51.48			60.69			65.49			47.29			n/m
Period end - total assets (3)	$	137,739		$	34,047		$	3,082		$	54,034			n/m
	Year Ended December 31, 2005
	Total			Private Bank			Columbia Management			Premier Banking and Investments			ALM/ Other (1)
Net interest income (2)	$	3,820		$	1,008		$	6		$	1,732		$	1,074
Noninterest income
Investment and brokerage services		3,140			1,014			1,321			670			135
All other income		356			65			32			148			111
Total noninterest income		3,496			1,079			1,353			818			246
Total revenue (2)		7,316			2,087			1,359			2,550			1,320
Provision for credit losses		(7	)		(23	)		—			18			(2	)
Noninterest expense		3,710			1,237			902			1,266			305
Income before income taxes (2)		3,613			873			457			1,266			1,017
Income tax expense		1,297			314			165			456			362
Net income	$	2,316		$	559		$	292		$	810		$	655
Shareholder value added	$	1,263		$	337		$	142		$	461		$	323
Net interest yield (2)		3.19	%		3.37	%		n/m			3.13	%		n/m
Return on average equity		22.52			25.28			16.95	%		24.52			n/m
Efficiency ratio (2)		50.72			59.27			66.37			49.65			n/m
Period end - total assets (3)	$	129,232		$	31,736		$	2,686		$	60,055			n/m

(1) Reflects Premier Banking and Investments cumulative migration which increased average deposits $48.5 billion and $39.3 billion for the years ended December 31, 2006 and 2005.

(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.

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

35

Bank of America Corporation

Global Wealth and Investment Management - Key Indicators

(Dollars in millions, except as noted)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
The Private Bank
Recurring asset management fees	$	988		$	993		$	240		$	242		$	260		$	246		$	238
Brokerage commissions		26			21			6			6			8			6			5
Total Investment and Brokerage Services Income	$	1,014		$	1,014		$	246		$	248		$	268		$	252		$	243
Assets Under Management	$	171,890		$	164,032		$	171,890		$	166,570		$	163,680		$	165,996		$	164,032
Columbia Management
Recurring asset management fees	$	1,530		$	1,328		$	416		$	374		$	377		$	363		$	345
Brokerage commissions		2			(7	)		1			—			—			1			—
Total Investment and Brokerage Services Income	$	1,532		$	1,321		$	417		$	374		$	377		$	364		$	345
Assets Under Management	$	433,426		$	361,179		$	433,426		$	410,781		$	394,355		$	385,896		$	361,179
Premier Banking and Investments
Recurring asset management fees	$	191		$	125		$	54		$	50		$	46		$	41		$	38
Brokerage commissions		561			545			148			133			142			138			130
Total Investment and Brokerage Services Income	$	752		$	670		$	202		$	183		$	188		$	179		$	168
Assets Under Management	$	18,640		$	13,723		$	18,640		$	16,804		$	16,116		$	15,325		$	13,723
Number of client managers		2,395			2,104			2,395			2,292			2,196			2,173			2,104
Number of financial advisors		1,954			1,895			1,954			1,903			1,869			1,873			1,895
Total Premier Banking and Investment Client Advisors		4,349			3,999			4,349			4,195			4,065			4,046			3,999
Brokerage Revenue per Financial Advisor (in thousands)	$	287		$	288		$	76		$	70		$	76		$	74		$	69
All Other
Recurring asset management fees	$	124		$	103		$	33		$	31		$	30		$	30		$	28
Brokerage commissions		27			32			5			7			7			8			8
Total Investment and Brokerage Services Income	$	151		$	135		$	38		$	38		$	37		$	38		$	36
Assets Under Management Elimination	$	(80,979	)	$	(56,540	)	$	(80,979	)	$	(77,100	)	$	(74,007	)	$	(73,287	)	$	(56,540	)
Total Global Wealth and Investment Management
Recurring asset management fees	$	2,833		$	2,549		$	743		$	697		$	713		$	680		$	649
Brokerage commissions		616			591			160			146			157			153			143
Total Investment and Brokerage Services Income	$	3,449		$	3,140		$	903		$	843		$	870		$	833		$	792
Assets Under Management	$	542,977		$	482,394		$	542,977		$	517,055		$	500,144		$	493,930		$	482,394
Assets Under Management Rollforward
Beginning Balance	$	482,394		$	451,491		$	517,055		$	500,144		$	493,930		$	482,394		$	457,398
Net flows		37,873			24,471			16,605			10,901			10,693			(326	)		23,297
Market valuation/other		22,710			6,432			9,317			6,010			(4,479	)		11,862			1,699
Ending Balance	$	542,977		$	482,394		$	542,977		$	517,055		$	500,144		$	493,930		$	482,394
Assets Under Management Mix
Money market/other	$	208,549		$	184,846		$	208,549		$	198,385		$	192,325		$	182,384		$	184,846
Fixed income		86,665			82,925			86,665			87,125			83,699			82,134			82,925
Equity		247,763			214,623			247,763			231,545			224,120			229,412			214,623
Total Assets Under Management	$	542,977		$	482,394		$	542,977		$	517,055		$	500,144		$	493,930		$	482,394
% of Assets Under Management in 4 and 5 Star Funds (1)		57	%		56	%		57	%		61	%		59	%		56	%		56	%
% of Assets Under Management in 1st and 2nd Quartiles (2)		73			78			73			88			85			82			78
Client Brokerage Assets
Total brokerage assets	$	184,141		$	161,692		$	184,141		$	175,873		$	169,532		$	170,600		$	161,692

(1) 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.

^©2006 by Morningstar, Inc. All rights reserved. The information contained herein is the proprietary information of Morningstar, Inc., may not be copied or redistributed for any purpose and may only be used for noncommercial, personal purposes. The information contained herein is not represented or warranted to be accurate, correct, complete or timely. Morningstar, Inc. shall not be responsible for investment decisions, damages or other losses resulting from the use of this information. Past performance is no guarantee of future results.

(2) Results shown are defined by Columbia Management’s calculation of its percentage of assets under management in the top two quartiles of categories based on Morningstar (Equity categories, Lipper ( Fixed Income categories) iMoneyNet (Money Market categories). The category percentile rank was calculated by ranking the three year gross return of share classes within the categories stated above. The assets of the number of funds within the top 2 quartile results were added and then divided by Columbia Management’s total assets under management. Had fees been included, rankings would have been lower. Past performance is no guarantee of future results.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

36

Bank of America Corporation

All Other Results ⁽¹⁾

(Dollars in millions)

	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Net interest income (2)	$	141		$	(305	)	$	48		$	65		$	33		$	(5	)	$	(13	)
Noninterest income
Equity investment gains		2,866			1,964			1,031			687			577			571			493
All other income		(921	)		(975	)		(273	)		(117	)		(233	)		(298	)		(571	)
Total noninterest income		1,945			989			758			570			344			273			(78	)
Total revenue (2)		2,086			684			806			635			377			268			(91	)
Provision for credit losses		(116	)		69			(76	)		—			(25	)		(15	)		11
Gains (losses) on sales of debt securities		(495	)		823			2			(483	)		(6	)		(8	)		(23	)
Merger and restructuring charges		805			412			244			269			194			98			59
All other noninterest expense		(41	)		302			(99	)		(93	)		33			118			61
Income before income taxes (2)		943			724			739			(24	)		169			59			(245	)
Income tax expense (benefit)		176			(20	)		183			(76	)		148			(79	)		(182	)
Net income	$	767		$	744		$	556		$	52		$	21		$	138		$	(63	)
Shareholder value added	$	(306	)	$	(953	)	$	177		$	(215	)	$	(152	)	$	(116	)	$	(437	)
Balance Sheet
Average
Total loans and leases	$	155,566		$	124,271		$	172,462		$	170,942		$	144,490		$	133,780		$	128,152
Total earning assets		197,488			142,863			188,907			220,751			193,519			186,490			159,023
Total assets		243,855			183,002			237,427			268,107			238,243			231,304			199,579
Total deposits		22,200			19,136			23,314			26,378			21,339			17,661			14,676
Period End
Total loans and leases	$	187,926		$	131,123		$	187,926		$	166,710		$	170,850		$	137,111		$	131,123
Total earning assets		202,980			155,956			202,980			175,271			217,218			174,281			155,956
Total assets		250,358			197,950			250,358			253,146			262,013			217,209			197,950
Total deposits		23,764			14,763			23,764			20,658			23,664			28,120			14,763
(1)    All Other consists primarily of equity investments, the residual impact of the allowance for credit losses and the cost allocation processes, Merger and Restructuring Charges, intersegment eliminations, and the results of certain consumer finance and commercial lending businesses that are being liquidated.
(2)    Fully taxable-equivalent basis
Components of Equity Investment Gains
(Dollars in millions)
	Year Ended December 31						Fourth Quarter 2006			Third Quarter 2006			Second Quarter 2006			First Quarter 2006			Fourth Quarter 2005
	2006			2005
Principal Investing	$	1,894		$	1,500		$	547		$	604		$	417		$	326		$	404
Corporate and Strategic Investments		972			464			484			83			160			245			89
Total All Other equity investment gains		2,866			1,964			1,031			687			577			571			493
Other equity investment gains (1)		323			248			36			18			122			147			28
Total consolidated equity investment gains	$	3,189		$	2,212		$	1,067		$	705		$	699		$	718		$	521

(1) Other equity investment gains include results from activities within the three business segments.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

37

Bank of America Corporation

Outstanding Loans and Leases

(Dollars in millions)

	December 31 2006		September 30 2006		Increase (Decrease) from 9/30/06
Consumer
Residential mortgage	$	241,181	$	218,918	$	22,263
Credit card - domestic		61,195		60,130		1,065
Credit card - foreign		10,999		9,937		1,062
Home equity lines		74,888		71,577		3,311
Direct/Indirect consumer (1)		68,224		62,985		5,239
Other consumer (2)		9,218		10,468		(1,250	)
Total consumer		465,705		434,015		31,690
Commercial
Commercial - domestic		161,982		154,578		7,404
Commercial real estate (3)		36,258		37,121		(863	)
Commercial lease financing		21,864		21,289		575
Commercial - foreign		20,681		22,146		(1,465	)
Total commercial		240,785		235,134		5,651
Total	$	706,490	$	669,149	$	37,341

(1) Includes home equity loans of $12.8 billion and $10.6 billion at December 31, 2006 and September 30, 2006.

(2) Includes foreign consumer of $6.2 billion and $7.6 billion; consumer finance of $2.8 billion and $2.9 billion; and reverse mortgages of $284 million and $0 at December 31, 2006 and September 30, 2006.

(3) Includes domestic commercial real estate loans of $35.7 billion and $36.4 billion; and foreign commercial real estate loans of $578 million and $768 million at December 31, 2006 and September 30, 2006.

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

38

Bank of America Corporation

Commercial Credit Exposure by Industry ⁽¹⁾

(Dollars in millions)

	Commercial Utilized							Commercial Unfunded							Total Commercial
	December 31 2006		September 30 2006		Increase (Decrease)			December 31 2006		September 30 2006		Increase (Decrease)			December 31 2006		September 30 2006		Increase (Decrease)
Real estate (2)	$	49,208	$	52,791	$	(3,583	)	$	24,286	$	22,815	$	1,471		$	73,494	$	75,606	$	(2,112	)
Diversified financials		24,802		27,074		(2,272	)		42,225		40,567		1,658			67,027		67,641		(614	)
Retailing		27,226		28,177		(951	)		16,839		15,496		1,343			44,065		43,673		392
Government and public education		22,495		21,589		906			16,759		16,095		664			39,254		37,684		1,570
Capital goods		16,804		16,332		472			20,539		18,810		1,729			37,343		35,142		2,201
Banks		26,405		24,607		1,798			10,330		10,078		252			36,735		34,685		2,050
Consumer services		19,108		18,421		687			13,545		12,243		1,302			32,653		30,664		1,989
Healthcare equipment and services		15,787		15,245		542			15,308		11,874		3,434			31,095		27,119		3,976
Individuals and trusts		18,792		18,720		72			10,375		10,134		241			29,167		28,854		313
Materials		15,882		15,710		172			12,815		12,131		684			28,697		27,841		856
Commercial services and supplies		15,204		14,243		961			8,317		8,118		199			23,521		22,361		1,160
Food, beverage and tobacco		11,341		10,675		666			9,740		8,946		794			21,081		19,621		1,460
Media		8,659		6,379		2,280			10,397		8,763		1,634			19,056		15,142		3,914
Energy		9,350		9,516		(166	)		9,055		8,509		546			18,405		18,025		380
Utilities		4,951		6,714		(1,763	)		12,270		11,007		1,263			17,221		17,721		(500	)
Transportation		11,451		11,142		309			5,749		5,997		(248	)		17,200		17,139		61
Insurance		6,573		6,646		(73	)		8,941		10,101		(1,160	)		15,514		16,747		(1,233	)
Religious and social organizations		7,840		7,817		23			2,668		2,747		(79	)		10,508		10,564		(56	)
Consumer durables and apparel		4,820		5,147		(327	)		4,297		4,367		(70	)		9,117		9,514		(397	)
Technology hardware and equipment		3,279		2,820		459			4,767		4,393		374			8,046		7,213		833
Telecommunication services		3,513		3,577		(64	)		4,416		5,092		(676	)		7,929		8,669		(740	)
Pharmaceuticals and biotechnology		2,530		3,743		(1,213	)		3,759		3,588		171			6,289		7,331		(1,042	)
Software and services		2,757		2,364		393			3,449		3,481		(32	)		6,206		5,845		361
Automobiles and components		1,529		1,481		48			3,569		3,683		(114	)		5,098		5,164		(66	)
Food and staples retailing		2,153		2,122		31			2,069		1,960		109			4,222		4,082		140
Household and personal products		720		672		48			1,485		1,375		110			2,205		2,047		158
Semiconductors and semiconductor equipment		802		1,150		(348	)		562		554		8			1,364		1,704		(340	)
Other		6,396		5,531		865			429		455		(26	)		6,825		5,986		839
Total	$	340,377	$	340,405	$	(28	)	$	278,960	$	263,379	$	15,581		$	619,337	$	603,784	$	15,553

(1) Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale and commercial letters of credit. Derivative assets are reported on a mark-to-market basis and have been reduced by the amount of cash collateral applied of $7.3 billion and $7.8 billion at December 31, 2006 and September 30, 2006. In addition to cash collateral, derivative assets are also collateralized by $7.6 billion and $7.7 billion of other marketable securities at December 31, 2006 and September 30, 2006 for which the credit risk has not been reduced.

(2) 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.

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

39

Bank of America Corporation

Net Credit Default Protection by Industry

(Dollars in millions)

	December 31 2006			September 30 2006			Change
Telecommunication services	$	(1,104	)	$	(1,149	)	$	45
Media		(871	)		(971	)		100
Real estate		(704	)		(785	)		81
Materials		(630	)		(649	)		19
Retailing		(581	)		(790	)		209
Automobiles and components		(483	)		(518	)		35
Insurance		(446	)		(508	)		62
Consumer services		(433	)		(573	)		140
Banks		(409	)		(415	)		6
Capital goods		(402	)		(412	)		10
Commercial services and supplies		(372	)		(407	)		35
Utilities		(362	)		(450	)		88
Food, beverage and tobacco		(319	)		(348	)		29
Healthcare equipment and services		(249	)		(317	)		68
Energy		(236	)		(373	)		137
Transportation		(219	)		(222	)		3
Pharmaceuticals and biotechnology		(181	)		(248	)		67
Consumer durables and apparel		(170	)		(190	)		20
Software and services		(126	)		(153	)		27
Diversified financials		(121	)		(45	)		(76	)
Food and staples retailing		(116	)		(201	)		85
Technology hardware and equipment		(38	)		(5	)		(33	)
Government and public education		(25	)		(30	)		5
Semiconductors and semiconductor equipment		(18	)		(45	)		27
Individuals and trusts		3			3			—
Household and personal products		50			75			(25	)
Other (1)		302			661			(359	)
Total	$	(8,260	)	$	(9,065	)	$	805

(1) Represents net credit default swaps (CDS) index positions, including tranched index exposure, which were principally investment grade. Indices are comprised of corporate credit derivatives that trade as an aggregate index value. Generally, they are grouped into portfolios based on specific ratings of credit quality or global geographic location. As of December 31, 2006 and September 30, 2006, CDS index positions were sold to reflect our current view of the credit markets.

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

40

Bank of America Corporation

Net Credit Default Protection by Maturity Profile

	December 31 2006		September 30 2006
Less than or equal to one year	7	%	2	%
Greater than one year and less than or equal to five years	46		52
Greater than five years	47		46
Total	100	%	100	%

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

(Dollars in millions)

	December 31, 2006					September 30, 2006
Ratings	Net Notional			Percent		Net Notional			Percent
AAA	$	(23	)	0.3	%	$	(13	)	0.1	%
AA		(237	)	2.9			(125	)	1.4
A		(2,598	)	31.5			(2,699	)	29.8
BBB		(3,968	)	48.0			(4,946	)	54.6
BB		(1,341	)	16.2			(1,463	)	16.1
B		(334	)	4.0			(360	)	4.0
CCC and below		(50	)	0.6			(112	)	1.2
NR (2)		291		(3.5	)		653		(7.2	)
Total	$	(8,260	)	100.0	%	$	(9,065	)	100.0	%

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

(2) In addition to unrated names, “NR” includes $302 million and $661 million in net CDS index positions at December 31, 2006 and September 30, 2006. While index positions are principally investment grade, CDS indices include names in and across each of the ratings categories.

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

41

Bank of America Corporation

Selected Emerging Markets ⁽¹⁾

(Dollars in millions)

	Loans and Leases, and Loan Commitments		Other Financing (2)		Derivative Assets (3)		Securities/ Other Investments (4)		Total Cross- border Exposure (5)		Local Country Exposure Net of Local Liabilities (6)		Total Foreign Exposure December 31, 2006		Increase (Decrease) from September 30, 2006
Region/Country
Asia Pacific
China (7)	$	236	$	48	$	88	$	3,193	$	3,565	$	49	$	3,614	$	105
South Korea		254		546		84		2,493		3,377		—		3,377		309
India		560		423		313		739		2,035		—		2,035		(105	)
Singapore		226		9		116		521		872		—		872		136
Hong Kong		345		36		56		427		864		—		864		49
Taiwan		305		52		52		40		449		293		742		(306	)
Other Asia Pacific (8)		77		22		10		482		591		—		591		(411	)
Total Asia Pacific		2,003		1,136		719		7,895		11,753		342		12,095		(223	)
Latin America
Mexico (9)		924		195		204		2,608		3,931		—		3,931		86
Brazil (10)		153		84		26		1,986		2,249		402		2,651		(722	)
Chile		221		13		—		9		243		83		326		(259	)
Argentina		32		17		—		76		125		127		252		65
Other Latin America (8)		108		131		10		18		267		15		282		(6	)
Total Latin America		1,438		440		240		4,697		6,815		627		7,442		(836	)
Middle East and Africa (8)		484		261		140		231		1,116		—		1,116		485
Central and Eastern Europe (8)		—		68		21		126		215		—		215		35
Total	$	3,925	$	1,905	$	1,120	$	12,949	$	19,899	$	969	$	20,868	$	(539	)

(1) There is no generally accepted definition of emerging markets. The definition that we use includes all countries in Latin America excluding Cayman Islands and Bermuda; all countries in Asia Pacific excluding Japan, Australia and New Zealand; all countries in Middle East and Africa; and all countries in Central and Eastern Europe excluding Greece.

(2) Includes acceptances, standby letters of credit, commercial letters of credit and formal guarantees.

(3) Derivative assets are reported on a mark-to-market basis and have been reduced by the amount of cash collateral applied of $9 million and $54 million at December 31, 2006 and September 30, 2006. There are less than $1 million of other marketable securities collateralizing derivative assets as of December 31, 2006. There are no other marketable securities collateralizing derivative assets as of September 30, 2006.

(4) Generally, cross-border resale agreements are presented based on the domicile of the counterparty because the counterparty has the legal obligation for repayment except where the underlying securities are U.S. Treasuries, in which case the domicile is the U.S., and are therefore excluded from this presentation. For regulatory reporting under Federal Financial Institutions Examination Council (FFIEC) guidelines, cross-border resale agreements are presented based on the domicile of the issuer of the securities that are held as collateral.

(5) Cross-border exposure includes amounts payable to us by borrowers or counterparties with a country of residence other than the one in which the credit is booked, regardless of the currency in which the claim is denominated, consistent with FFIEC reporting rules.

(6) Local country exposure includes amounts payable to us by borrowers with a country of residence in which the credit is booked, regardless of the currency in which the claim is denominated. Management subtracts local funding or liabilities from local exposures as allowed by the FFIEC. Total amount of available local liabilities funding local country exposure at December 31, 2006 was $20.7 billion compared to $22.7 billion at September 30, 2006. Local liabilities at December 31, 2006 in Asia Pacific and Latin America were $14.1 billion and $6.6 billion, of which $6.6 billion were in Singapore, $3.6 billion in Hong Kong, $2.5 billion in Chile, $1.9 billion in Argentina $1.4 billion in Mexico, $1.2 billion in South Korea, $829 million in India, $784 million in Uruguay, and $669 million in China. There were no other countries with available local liabilities funding local country exposure greater than $500 million.

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

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

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

(10) Securities/Other Investments include an investment of $1.9 billion in Banco Itau.

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

42

Bank of America Corporation

Nonperforming Assets

(Dollars in millions)

	December 31 2006			September 30 2006			June 30 2006			March 31 2006			December 31 2005
Residential mortgage	$	660		$	599		$	537		$	538		$	570
Home equity lines		249			175			134			121			117
Direct/Indirect consumer		44			37			35			34			37
Other consumer		77			86			99			92			61
Total consumer		1,030			897			805			785			785
Commercial - domestic		584			544			606			631			581
Commercial real estate		118			68			59			72			49
Commercial lease financing		42			35			43			53			62
Commercial - foreign		13			36			54			43			34
Total commercial		757			683			762			799			726
Total nonperforming loans and leases		1,787			1,580			1,567			1,584			1,511
Foreclosed properties		69			76			74			96			92
Total nonperforming assets (1)	$	1,856		$	1,656		$	1,641		$	1,680		$	1,603
Loans past due 90 days or more and still accruing	$	3,056		$	2,719		$	2,433		$	1,924		$	1,455
Nonperforming assets / Total assets		0.13	%		0.11	%		0.11	%		0.12	%		0.12	%
Nonperforming assets / Total loans, leases and foreclosed properties		0.26			0.25			0.25			0.27			0.28
Nonperforming loans and leases / Total loans and leases		0.25			0.24			0.23			0.26			0.26
Allowance for credit losses:
Allowance for loan and lease losses	$	9,016		$	8,872		$	9,080		$	9,067		$	8,045
Reserve for unfunded lending commitments		397			388			395			395			395
Total	$	9,413		$	9,260		$	9,475		$	9,462		$	8,440
Allowance for loan and lease losses / Total loans and leases		1.28	%		1.33	%		1.36	%		1.46	%		1.40	%
Allowance for loan and lease losses / Total nonperforming loans and leases		505			562			579			572			532
Commercial utilized criticized exposure	$	7,661		$	7,553		$	7,246		$	7,262		$	7,527
Commercial utilized criticized exposure / Commercial utilized credit exposure		2.25	%		2.22	%		2.17	%		2.26	%		2.42	%

(1) Balances do not include $80 million, $99 million, $114 million, $84 million and $69 million of nonperforming loans held-for-sale included in Other Assets at December 31, 2006, September 30, 2006, June 30, 2006, March 31, 2006, and December 31, 2005, respectively.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is

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

43

Bank of America Corporation

Quarterly Net Charge-offs and Net Charge-off Ratios

(Dollars in millions)

	Fourth Quarter 2006 (1)					Third Quarter 2006(1)					Second Quarter 2006(1)					First Quarter 2006(1)					Fourth Quarter 2005
	Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
Residential mortgage	$	9		0.02	%	$	6		0.01	%	$	14		0.03	%	$	10		0.02	%	$	5		0.01	%
Credit card - domestic		884		5.86			853		5.42			723		4.46			634		3.77			1,366		9.53
Credit card - foreign		79		3.03			70		2.94			57		2.72			19		0.94			—		—
Home equity lines		19		0.10			11		0.06			12		0.07			9		0.05			7		0.04
Direct/Indirect consumer		190		1.16			152		0.99			103		0.73			79		0.58			81		0.69
Other consumer		101		3.78			85		3.03			75		2.80			42		1.67			118		7.06
Total consumer		1,282		1.14			1,177		1.07			984		0.97			793		0.82			1,577		1.79
Commercial - domestic		123		0.31			111		0.29			50		0.14			52		0.14			97		0.28
Commercial real estate		1		0.01			2		0.02			1		—			(1	)	(0.01	)		(3	)	(0.03	)
Commercial lease financing		12		0.22			—		—			(17	)	(0.33	)		(23	)	(0.45	)		(12	)	(0.25	)
Commercial - foreign		(1	)	(0.02	)		(13	)	(0.21	)		5		0.08			1		0.01			(11	)	(0.21	)
Total commercial		135		0.22			100		0.17			39		0.07			29		0.05			71		0.13
Total net charge-offs	$	1,417		0.82		$	1,277		0.75		$	1,023		0.65		$	822		0.54		$	1,648		1.16
By Business Segment:
Global Consumer and Small Business Banking	$	1,314		2.60	%	$	1,202		2.46	%	$	981		2.10	%	$	763		1.65	%	$	1,535		4.08	%
Global Corporate and Investment Banking		92		0.15			63		0.10			62		0.10			50		0.09			87		0.15
Global Wealth and Investment Management		2		0.01			—		—			(43	)	(0.29	)		—		—			(1	)	(0.01	)
All Other		9		0.02			12		0.03			23		0.06			9		0.03			27		0.09
Total net charge-offs	$	1,417		0.82		$	1,277		0.75		$	1,023		0.65		$	822		0.54		$	1,648		1.16

(1) Net charge-offs include the impact of SOP 03-3 which decreased net charge-offs on credit card - domestic $11 million, $10 million, $7 million and $71 million, credit card - foreign $4 million, $5 million, $6 million and $38 million, direct/indirect consumer $6 million, $5 million, $7 million and $60 million, other consumer $4 million, $6 million, $3 million and $28 million, and commercial - domestic $0, $0, $4 million and $13 million for the quarters ended December 31, 2006, September 30, 2006, June 30, 2006 and March 31, 2006, respectively. Refer to Exhibit A on page 46 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.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation.

44

Bank of America Corporation

Year-to-Date Net Charge-offs and Net Charge-off Ratios

(Dollars in millions)

	Year Ended December 31
	2006 (1)					2005
	Amount			Percent		Amount			Percent
Residential mortgage	$	39		0.02	%	$	27		0.02	%
Credit card - domestic		3,094		4.85			3,652		6.76
Credit card - foreign		225		2.46			—		—
Home equity lines		51		0.07			31		0.05
Direct/Indirect consumer		524		0.88			248		0.55
Other consumer		303		2.83			275		3.99
Total consumer		4,236		1.01			4,233		1.26
Commercial - domestic		336		0.22			170		0.13
Commercial real estate		3		0.01			—		—
Commercial lease financing		(28	)	(0.14	)		231		1.13
Commercial - foreign		(8	)	(0.04	)		(72	)	(0.39	)
Total commercial		303		0.13			329		0.16
Total net charge-offs	$	4,539		0.70		$	4,562		0.85
By Business Segment:
Global Consumer and Small Business Banking	$	4,260		2.22	%	$	4,100		2.85	%
Global Corporate and Investment Banking		267		0.11			361		0.17
Global Wealth and Investment Management		(41	)	(0.07	)		3		0.01
All Other		53		0.03			98		0.08
Total net charge-offs	$	4,539		0.70		$	4,562		0.85

(1) 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 $78 million, other consumer $41 million and commercial - domestic $17 million for the year ended December 31, 2006. Refer to Exhibit A on page 46 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.

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

Information beginning January 1, 2006 includes the MBNA acquisition; prior periods have not been restated. This information is preliminary and based on company data available at the time of the presentation

45

Exhibit 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

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

	Year Ended December 31, 2006							Fourth Quarter 2006							Third Quarter 2006							Second Quarter 2006							First Quarter 2006
	Average Outstanding							Average Outstanding							Average Outstanding							Average Outstanding							Average Outstanding
(Dollars in millions)	Amount			Loans and Leases		Percent		Amount			Loans and Leases		Percent (1)		Amount			Loans and Leases		Percent (1)		Amount			Loans and Leases		Percent (1)		Amount			Loans and Leases		Percent (1)
Residential mortgage	$	39		$	207,879	0.02	%	$	9		$	225,985	0.02	%	$	6		$	222,889	0.01	%	$	14		$	197,228	0.03	%	$	10		$	184,796	0.02	%
Credit card - domestic		3,094			63,838	4.85			884			59,802	5.86			853			62,508	5.42			723			64,980	4.46			634			68,169	3.77
Credit card - foreign		225			9,141	2.46			79			10,375	3.03			70			9,455	2.94			57			8,305	2.72			19			8,403	0.94
Home equity lines		51			68,696	0.07			19			73,218	0.10			11			70,075	0.06			12			67,182	0.07			9			64,198	0.05
Direct/Indirect consumer		524			59,597	0.88			190			65,158	1.16			152			61,361	0.99			103			56,715	0.73			79			55,025	0.58
Other consumer		303			10,713	2.83			101			10,606	3.78			85			11,075	3.03			75			10,804	2.80			42			10,357	1.67
Total consumer		4,236			419,864	1.01			1,282			445,144	1.14			1,177			437,363	1.07			984			405,214	0.97			793			390,948	0.82
Commercial - domestic		336			151,231	0.22			123			158,604	0.31			111			153,007	0.29			50			148,445	0.14			52			144,693	0.14
Commercial real estate		3			36,939	0.01			1			36,851	0.01			2			37,471	0.02			1			36,749	—			(1	)		36,676	(0.01	)
Commercial lease financing		(28	)		20,862	(0.14	)		12			21,159	0.22			—			20,875	—			(17	)		20,896	(0.33	)		(23	)		20,512	(0.45	)
Commercial - foreign		(8	)		23,521	(0.04	)		(1	)		21,840	(0.02	)		(13	)		24,761	(0.21	)		5			24,345	0.08			1			23,139	0.01
Total commercial		303			232,553	0.13			135			238,454	0.22			100			236,114	0.17			39			230,435	0.07			29			225,020	0.05
Total net charge-offs	$	4,539		$	652,417	0.70		$	1,417		$	683,598	0.82		$	1,277		$	673,477	0.75		$	1,023		$	635,649	0.65		$	822		$	615,968	0.54
Impact of SOP 03-3 (2)
Residential mortgage	$	—						$	—						$	—						$	—						$	—
Credit card - domestic		99							11							10							7							71
Credit card - foreign		53							4							5							6							38
Home equity lines		—							—							—							—							—
Direct/Indirect consumer		78							6							5							7							60
Other consumer		41							4							6							3							28
Total consumer		271							25							26							23							197
Commercial - domestic		17							—							—							4							13
Commercial real estate		—							—							—							—							—
Commercial lease financing		—							—							—							—							—
Commercial - foreign		—							—							—							—							—
Total commercial		17							—							—							4							13
Total net charge-offs	$	288						$	25						$	26						$	27						$	210
Net Charge-offs and Net Charge-off Ratios Excluding the Impact of SOP 03-3
Residential mortgage	$	39		$	207,879	0.02	%	$	9		$	225,985	0.02	%	$	6		$	222,889	0.01	%	$	14		$	197,228	0.03	%	$	10		$	184,796	0.02	%
Credit card - domestic		3,193			63,838	5.00			895			59,802	5.93			863			62,508	5.48			730			64,980	4.50			705			68,169	4.19
Credit card - foreign		278			9,141	3.05			83			10,375	3.22			75			9,455	3.13			63			8,305	3.02			57			8,403	2.77
Home equity lines		51			68,696	0.07			19			73,218	0.10			11			70,075	0.06			12			67,182	0.07			9			64,198	0.05
Direct/Indirect consumer		602			59,597	1.01			196			65,158	1.19			157			61,361	1.02			110			56,715	0.77			139			55,025	1.02
Other consumer		344			10,713	3.21			105			10,606	3.92			91			11,075	3.22			78			10,804	2.93			70			10,357	2.76
Total consumer		4,507			419,864	1.07			1,307			445,144	1.17			1,203			437,363	1.09			1,007			405,214	1.00			990			390,948	1.03
Commercial - domestic		353			151,231	0.23			123			158,604	0.31			111			153,007	0.29			54			148,445	0.15			65			144,693	0.18
Commercial real estate		3			36,939	0.01			1			36,851	0.01			2			37,471	0.02			1			36,749	—			(1	)		36,676	(0.01	)
Commercial lease financing		(28	)		20,862	(0.14	)		12			21,159	0.22			—			20,875	—			(17	)		20,896	(0.33	)		(23	)		20,512	(0.45	)
Commercial - foreign		(8	)		23,521	(0.04	)		(1	)		21,840	(0.02	)		(13	)		24,761	(0.21	)		5			24,345	0.08			1			23,139	0.01
Total commercial		320			232,553	0.14			135			238,454	0.22			100			236,114	0.17			43			230,435	0.07			42			225,020	0.08
Total net charge-offs	$	4,827		$	652,417	0.74		$	1,442		$	683,598	0.84		$	1,303		$	673,477	0.77		$	1,050		$	635,649	0.66		$	1,032		$	615,968	0.68

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

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

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

46