Bank of America Review

Basic Information:
101 S Tryon St
Charlotte, North Carolina 28202
Phone: 212-270-6000
Fax: 212-270-1648			Products	Promotions	Cards
FDIC #:	3510		Charter:	National
stock:	NYSE:BAC		Market Cap:	$149 billion
website:	www.bankofamerica.com		CEO:	Mr. Brian T. Moynihan
Bank of America, National Association has been FDIC insured since January 1, 1934.  It was established on October 17, 1904.  Bank of America, National Association has 6218 Domestic Branches (Offices) located in 36 state(s) and 228 Foreign Offices. 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 approximately 57 million consumer and small business relationships with approximately 5,900 retail banking offices and approximately 18,000 ATMs and award-winning online banking with 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Products:
	APY	Min	Notes
Savings:			Earn upto $250 in "Keep the change" program
MMA:	0.30%	$10,000	Tiered variable interest rates
Cheking:
9 Month CD	0.35%	$5,000	penalty-free access to your money
12 Month CD	1.00%
18 Month CD	1.00%
2 Year CD	1.00%
3 Year CD	1.00%
4 Year CD	1.31%
5 Year CD	1.21%
7 Yead CD	1.21%
Assets and Liabilities
Date Recorded				9/30/2010	9/30/2009
Total employees (full-time equivalent)				180996	179,505
Total assets				$1,489,197,995	$1,460,147,344
Cash and due from depository institutions				$126,727,738	$148,120,382
Interest-bearing balances				$107,087,368	$125,895,798
Securities				$311,747,776	$222,696,833
Federal funds sold & reverse repurchase agreements				$62,911,122	$66,976,198
Net loans & leases				$699,996,335	$716,656,428
Loan loss allowance				$24,636,635	$22,923,760
Trading account assets				$68,382,218	$77,887,004
Bank premises and fixed assets				$11,120,128	$11,462,298
Other real estate owned				$3,414,861	$1,638,087
Goodwill and other intangibles				$71,098,164	$77,105,012
All other assets				$133,799,653	$137,605,102
Life insurance assets				$18,114,491	$17,587,702
Total liabilities and capital				$1,489,197,995	$1,460,147,344
Total liabilities				$1,318,787,496	$1,296,941,861
Total deposits				$1,021,723,993	$1,002,708,983
Interest-bearing deposits				$739,832,964	$748,149,321
Deposits held in domestic offices				$820,503,805	$807,177,514
% insured				$0	$0
Federal funds purchased & repurchase agreements				$109,811,942	$97,251,578
Trading liabilities				$38,925,822	$31,848,361
Other borrowed funds				$90,848,278	$110,301,869
Subordinated debt				$25,374,737	$25,117,950
All other liabilities				$32,102,724	$29,713,120
Total equity capital				$170,410,499	$163,205,483
Total bank equity capital				$169,982,097	$162,795,645
Perpetual preferred stock				$0	$0
Common stock				$3,020,043	$3,020,043
Surplus				$140,421,781	$136,915,919
Undivided profits				$26,540,273	$22,859,683
Noncontrolling interests in consolidated subsidiaries				$428,402	$409,838
Memoranda:
Noncurrent loans and leases				$57,412,143	$42,903,891
Noncurrent loans that are wholly or partially guaranteed by the U.S. government				$17,438,007	$1,528,617
Income earned, not collected on loans				$4,358,266	$4,070,074
Earning assets				$1,220,359,113	$1,175,480,067
Long-term assets (5+ years)				$508,899,288	$396,217,849
Average Assets, year-to-date				$1,492,424,904	$1,560,724,910
Average Assets, quarterly				$1,504,077,919	$1,488,850,388
Volatile liabilities				$453,031,107	$503,375,977
Insider loans				$1,474	$1,201
FHLB advances				$31,482,000	$43,799,000
Loans and leases held for sale				$25,463,935	$31,001,324
Unused loan commitments				$784,544,945	$434,504,396
Tier 1 (core) risk-based capital				$115,678,883	$109,551,387
Tier 2 risk-based capital				3762980300%	3790592400%
Total risk weighted assets				$1,048,636,686	$1,074,048,227
Total unused commitments				$784,544,945	$434,504,396
Restructured Loans and leases				$6,541,403	$3,832,428
Derivatives				$50,852,516,370	$40,383,181,031
History
1968-11-04 NCNB CORPORATION located at CHARLOTTE, NC was established as a Domestic Entity Other.
1970-12-31 NCNB CORPORATION changed from Domestic Entity Other to Bank Holding Company.
1992-01-01 NCNB CORPORATION was renamed to NATIONSBANK CORPORATION and moved to 100 NORTH TRYON STREET CHARLOTTE, NC.
1998-09-30 NATIONSBANK CORPORATION was renamed to BANKAMERICA CORPORATION.
1999-04-28 BANKAMERICA CORPORATION was renamed to BANK OF AMERICA CORPORATION.
2000-03-13 BANK OF AMERICA CORPORATION changed from Bank Holding Company to Financial Holding Company - Domestic.
Acquisition
MBNA CORPORATION (1871159)  2006-01-01  The acquired institution sold its assets to the acquiring institution.
FLEETBOSTON FINANCIAL CORPORATION (1113514)  2004-04-01  The acquired institution sold its assets to the acquiring institution.
NATIONSCREDIT CORPORATION (2372064)  1999-01-01  The acquired institution sold its assets to the acquiring institution.
BANKAMERICA CORPORATION (1026016)  1998-09-30  The acquired institution sold its assets to the acquiring institution.
BANK SOUTH CORPORATION (1079638)  1996-01-09  The acquired institution sold its assets to the acquiring institution.
NATIONS FINANCIAL HOLDINGS CORPORATION (2122054)  1995-12-31  The acquired institution sold its assets to the acquiring institution.
C&S/SOVRAN CORPORATION (1831715)  1993-12-01  The acquired institution sold its assets to the acquiring institution.
NATIONSBANK TEXAS CORPORATION (1250802)  1993-12-01  The acquired institution sold its assets to the acquiring institution.
MNC FINANCIAL, INC. (1073364)  1993-10-01  The acquired institution sold its assets to the acquiring institution.
NCNB FINANCIAL SERVICES INC (762979)  1988-03-08  The acquired institution sold its assets to the acquiring institution.