BofA IRFactBookMidYear 2009 Final

Investor Fact Book
Mid Year 2009
Equity Investor Relations: Fixed Income Investor Relations:
Kevin Stitt 704.386.5667 Patricia Noneman 980.388.3591
Lee McEntire 704.388.6780 Jonathan Blum 212.449.3112
Julie Park 704.386.4472
Grace Yoon 212.449.7323
Internet address: http://investor.bankofamerica.com

Table of Contents
I Th
I. The Company
C III Business
III. B i S
Segments
t
Our Company Today 2 Current Environment 42
Leadership Team 3
Board of Directors 4
IV. Deposits
Industry Rankings 5
Overview 43-45
Bank of America Today 6
Financials 46-47
U.S. Deposit Market Share 7
Banking Center Network 8
ATM Network 9
V. Global Card Services
Overview 48-49
Financials 50-51
II. Financial Overview
Financial Highlights 11
Supplemental Financial Data 12
VI. Home Loans & Insurance
Overview 52-55
Income Statement 13
Financials 56-57
Balance Sheet Composition 14
Balance Sheet 15
Earnings Per Share 16 VII. Global Banking
Dividends Per Share and Payout Ratio 17 Overview 58-62
Return on Equity 18 Financials 63-64
Return on Assets 19
Noninterest Income – Annual 20 VIII Global Markets
VIII.
Noninterest Income – Quarterly 21 Overview 65-66
Noninterest Expense – Annual 22 Financials 67
Noninterest Expense – Quarterly 23
Rate Environment 24 IX. Global Wealth & Investment Management
Net Interest Income and Yields – Annual 25 Overview 68-69
Net Interest Income and Yields – Quarterly 26 Financials 70-72
Quarterly Average Balance Sheet and Yields Table 27
Loan Portfolio 28
X. All Other
Nonperforming Assets 29-30
Financials 73
Net Charge-Offs and Provision Expense 31-32
Global Principal Investments 74
Pre-Provision, Pre-Tax Income vs. Provision Expense 33
Allowance Allocation 34
Performance by Geographic Area 35
Capital Levels 36
Efficiency Ratio 37
Debt Ratings 38
Preferred Stock Information 39
Trust Preferred and Hybrid Securities Information 40
All information is as of June 30, 2009, unless stated otherwise.
1
Our Company Today
Bank of America is one of the world's
world s largest financial institutions, serving individual consumers, small
small- and middle
middle-market
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
53 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,500 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 more
than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves
clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial
A
Average
g and d is
i listed
li t d on the
th New
N York
Y k Stock
St k Exchange.
E h g
Strengths Opportunities
Ability to Leverage Size and Scale – Our size, scale and Customer/Client Satisfaction – We are working to improve
global presence enable us to provide our customers and satisfaction, reduce problems and create solutions.
clients with a full range of world-class
world class products and
TTalent
l andd Leadership
L d hi – We W are attractingi and d retaining
i i
services, delivered with convenience and efficiency.
associates who can lead in a global organization, and we
Diverse, Market-leading Businesses – Our businesses are building on our leading staffing, training and
have leading market shares in every major sector of the leadership development programs.
industry, creating the opportunity to build broad, deep
Executing Transition – As we integrate our businesses, we
relationships and to generate strong, balanced earnings.
are bringing together a wide spectrum of products and
Integrated Delivery – We provide comprehensive financial services for customers and clients while improving quality,
solutions that fit customers’/clients’ specific needs. accuracy and efficiency and lowering costs.
Service Quality – We have a culture of service excellence Community Support – We’re working to strengthen the
and the skills, technology and infrastructure to back it up. many communities we serve through community
Capital Strength – Our balance sheet strength and ample development banking ($1.5 trillion over ten years),
liquidity give us the financial flexibility to support our philanthropy ($2 billion over ten years), volunteerism
customers and clients even during challenging economic (900,000 hours in 2008) and environmental lending and
times. investments ($20 billion over ten years).
Investing for Growth – We are investing in technology and
innovation to improve productivity and better meet
associate, customer, client and shareholder needs.
Our Goals
For Customers and Clients: To increase satisfaction and loyalty by providing the best value and service.
•Deliver high-quality financial products and services.
•Be a trusted adviser for financial solutions.
•Deepen relationships and earn loyalty.
For Associates: To create a workplace in which all associates can excel and rewards are based on results.
• Attract and retain a world-class work force.
• Foster an inclusive and diverse workplace.
•Enable associates to grow and succeed while balancing work, family and health.
For Shareholders: To produce strong and consistent financial returns by attracting and retaining customers and clients, and by
deepening relationships in all our businesses.
For Communities : To strengthen the communities we serve through community development banking, philanthropy, volunteerism
and environmental initiatives.
2
Bank of America Leadership
K
Kennethth D
D. LLewis
i
Chief Executive Officer and President, Bank of America Corporation
J. Steele Alphin
Chief Administrative Officer, Bank of America Corporation
Gregory L. Curl
Chief Risk Officer, Bank of America Corporation
David C. Darnell
President, Global Commercial Banking, Bank of America Corporation
Barbara J. Desoer
President, Home Loans & Insurance, Bank of America Corporation
Anne M. Finucane
gy and Marketingg Officer,, Bank of America Corporation
Global Chief Strategy p
Sallie L. Krawcheck
President, Global Wealth & Investment Management, Bank of America Corporation
Thomas K. Montag
President, Global Banking and Markets, Bank of America Corporation
Brian T. Moynihan
President, Consumer & Small Business Banking, Bank of America Corporation
Joe L. Price
Chief Financial Officer, Bank of America Corporation
Richard K. Struthers
President, Global Card Services, Bank of America Corporation
3
Bank of America Board of Directors
Directors
Walter E. Massey, (70)

Chairman of the Board, Bank of America Corporation
Susan S. Bies, (62)

Former Member, Board of Governors of the Federal Reserve System
William P. Boardman, (67)

Retired Vice Chairman, Banc One Corporation and Retired Chairman of the Board, Visa International
Frank P. Bramble, Sr., (60)

Former Executive Officer, MBNA Corporation
Virgis W. Colbert, (69)

Senior Advisor, MillerCoors Company
Charles K. Gifford, (66)

Former Chairman, Bank of America Corporation
D. Paul Jones, (66)

Former Chairman, Chief Executive Officer and President, Compass Bancshares, Inc.
Kenneth D. Lewis, (61)

Chief Executive Officer and President, Bank of America Corporation
Monica C. Lozano, (52)

Publisher and Chief Executive Officer, La Opinion
Thomas J. May, (61)

Chairman, President and Chief Executive Officer, NSTAR
Donald E. Powell, (67)

Former Chairman, Federal Deposit Insurance Corporation
Charles O. Rossotti, (68)

( )
Senior Advisor, The Carlyle Group
Thomas M. Ryan, (56)

Chairman, President and Chief Executive Officer, CVS/Caremark Corporation
Robert W. Scully, (59)

Former Member, Office of the Chairman of Morgan Stanley
Bank of America Board of Directors as of August 21, 2009

4
Industry Rankings
TOP 10 U.S. BANKING COs. TOP 10 U.S. BANKING COs.

(1H09 EARNINGS*) (IN EQUITY @ 6/30/09)
$ in Millions $ in Millions
1. Bank of America ($5,233) 1. Bank of America ($255,152)

g (($4,959))
2. Wells Fargo 2. JPMorgan Chase ($154,766)
3. Goldman Sachs ($4,377) 3. Citigroup ($154,168)
4. JPMorgan Chase ($2,591) 4. Wells Fargo ($121,382)
5. Citigroup ($2,034) 5. Goldman Sachs ($62,813)
6. U.S. Bancorp ($640) 6. Morgan Stanley ($46,586)
7. PNC ($525) 7. PNC ($29,467)
8. Bank of NY Mellon ($498) 8 Bank of NY Mellon ($27
8. 304)
($27,304)
9. BB&T ($392) 9. Capital One ($25,326)
10. M&T Bank ($95) 10. U.S. Bancorp ($24,886)
* Net income available to common

shareholders
TOP 10 U.S. BANKING COs. TOP 10 U.S. BANKING COs.

(IN ASSETS @ 6/30/09) (IN MARKET CAP @ 6/30/09)
$ in Billions $ in Billions
1. Bank of America ($2,254) 1. JP Morgan Chase ($134)

2 JPMorgan Chase ($2,027)
2. ($2 027) 2 Bank of America ($114)
2.
3. Citigroup ($1,847) 3. Wells Fargo ($113)
4. Wells Fargo ($1,284) 4. Goldman Sachs ($77)
5. Goldman Sachs ($890) 5. Morgan Stanley ($39)
6. Morgan Stanley ($677) 6. Bank of NY Mellon ($35)
7. PNC ($280) 7. U.S. Bancorp ($34)
8 U
8. U.S.
S Bancorp ($266) 8.
8 State Street ($23)
9. Bank of NY Mellon ($203) 9. PNC ($18)
10. SunTrust ($177) 10. Citigroup ($16)
5
Bank of America Today – June 30, 2009
($ iin millions,
illi exceptt EPS and
d market
k t price)
i )
June 30, 2009
Assets $2,254,394
Loans & leases 942,248
Domestic deposits 899,482
Foreign deposits 71,260
Shareholders' equity 255,152
Market capitalization 114,199
Market price 13.20
Common outstanding shares (in thousands) 8,651,459
Six Months Ended

June 30, 2009
Revenue, net of interest expense $68,532
Net income (loss) 7,471
Net income (loss), applicable to common shareholders 5,233
Diluted EPS 0.75
Employees 282,408
Banking centers (Domestic) 6,109
ATMs (Domestic) 18,426
6
U.S. Deposit Market Share
NH
#2 (19%)
WA
ME
(22%)
#1 (23%) #3
(9%)
OR MA
#4 (13%)
#2 (12%) NY #1 (20%)
ID
MI RI
#4 (5%) #4 (6%)
#1 #2 (25%)
(16%) PA CT
IA
#7 (3%) #1 (21%)
NV #4 (3%) IL
#2 NJ #1 (21%)
#4 (5%)
(11%)
VA
KS MO MD
#3 (13%)
CA #1 (19%)
#1 (8%) #2 (10%)
#2 (23%)
#1 (21%)
NC #3 (13%) DC
OK TN #4 (6%)
AZ AR SC #2 #2 (15%)
#3 (21%) NM #5 (5%) #3 (6%) (11%)
#2 ((17%)) GA
#3
TX (10%)
#1 (27%)
FL
#2
(19%)
#1
#2
#3
#4+
Source: SNL Branch Data Source. U.S. Deposit Market Share (total domestic deposits) based on June 2008 deposit data, adjusted for completed transactions
as of July 28, 2009.
7
Banking Center Network
Total U.S. Banking Centers: 6,109
Washington New Hampshire Maine

237 36 41
Massachusetts
Oregon 302
87 Idaho Rhode
Michigan New York Island
21 385 48
252
Pennsylvania Connecticut
Iowa 173
118
Nevada 14
New Jersey
89 Illinois Indiana Delaware 393
211 6 2
Virginia
Kansas Maryland
California Missouri Kentucky 208
64 192
133 2
989 North Carolina District of Columbia
Tennessee 200 31
Arizona Oklahoma 86
New Mexico Arkansas South Carolina
174 51 43 122
45
Georgia
224
Texas
476
Florida
654
>301
201-300
151-200
76-150
51-75
1-50
8
ATM Network
Total U.S. (Branded Only) ATMs: 18,426

New Hampshire
Washington 83 Maine
6
655 73
Montana
2 Minnesota Massachusetts
Oregon 1,328
21
179 Idaho Rhode Island
Wisconsin Michigan
34 South Dakota New York 110
3 1,028
Wyoming 4 624 Connecticut
4 Pennsylvania 359
Iowa
Nebraska 217
14 Ohio New Jersey
Nevada 3 IIndiana
di
301 Illinois 13 Delaware 707
Utah 46 West Virginia
Colorado 690 29
3
Kansas 1 Maryland
California 163 Missouri Virginia
114 Kentucky 485 590
4,035
301 14
North Carolina District of Columbia
Tennessee 502 100
Arizona Oklahoma 262
Arkansas South Carolina
New Mexico 72
633 331
163 72 Georgia
Alabama
672
8
Texas Louisiana
1,900 31
Florida
1,446
>1001
501-1000
301-500
101-300
51-100
1-50
Note that there is one branded ATM in Alaska
9
Financial Overview
Financial Highlights
(Dollars in millions, except per share information; shares in thousands)

S ix Months E nded Second F irst F ourth T hird S econd
J une 30 Q uarter Q uarter Q uarter Q uarter Q uarter
(1)
2009 2008 2009 2009 2008 2008 2008
Income statement
Net interest income $24,127 $20,612 $11,630 $12,497 $13,106 $11,642 $10,621
Noninterest income 44,405 16,869 21,144 23,261 2,574 7,979 9,789
T otal revenue, net of interest expense 68,532 37,481 32,774 35,758 15,680 19,621 20,410
P rovision for credit losses 26,755 11,840 13,375 13,380 8,535 6,450 5,830
Noninterest expense, before merger and
restructuring charges 32,428
32 428 18,540
18 540 16,191
16 191 16,237
16 237 10,641
10 641 11,413
11 413 9,447
9 447
Merger and restructuring charges 1,594 382 829 765 306 247 212
Income tax expense (benefit) 284 2,099 (845) 1,129 (2,013) 334 1,511
Net income (loss) 7,471 4,620 3,224 4,247 (1,789) 1,177 3,410
P referred stock dividends 2,238 376 805 1,433 603 473 186
Net income (loss) applicable to common shareholders 5,233 4,244 2,419 2,814 (2,392) 704 3,224
Diluted earnings (loss) per common share 0.75 0.95 0.33 0.44 (0.48) 0.15 0.72
A verage diluted common shares issued
and outstanding 6,836,972 4,445,428 7,269,518 6,431,027 4,957,049 4,547,578 4,444,098
Dividends paid per common share $0.02 $1.28 $0.01 $0.01 $0.32 $0.64 $0.64
P erformance ratios
R eturn on average assets 0.61 % 0.53 % 0.53 % 0.68 % n/m % 0.25 % 0.78 %
R eturn on average common shareholders' equity 6.31 6.06 5.59 7.10 n/m 1.97 9.25
(2)
R eturn on average tangible common shareholders' equity 20.47 16.87 16.90 24.37 n/m 8.92 25.17
R eturn on average tangible shareholders' equity (2) 10.59 12.85 8.86 12.42 n/m 6.11 18.12
A t period end
Book value per share of common stock $22.71 $31.11 $22.71 $25.98 $27.77 $30.01 $31.11
T angible book value per share of common stock (2) 11.66 11.87 11.66 10.88 10.11 10.50 11.87
Market price per share of common stock:
C losing price $13.20 $23.87 $13.20 $6.82 $14.08 $35.00 $23.87
High closing price for the period 14.33 45.03 14.17 14.33 38.13 37.48 40.86
Low closing price for the period 3.14 23.87 7.05 3.14 11.25 18.52 23.87
Market capitalization 114,199 106,292 114,199 43,654 70,645 159,672 106,292
Number of banking centers - domestic 6,109 6,131 6,109 6,145 6,139 6,139 6,131
Number of branded A T Ms - domestic 18,426 18,531 18,426 18,532 18,685 18,584 18,531
Full-time equivalent employees 282,408 206,587 282,408 286,625 240,202 247,024 206,587
(1) Due to a net loss for the three months ended December 31, 2008, the impact of antidilutive equity instruments were excluded from diluted earnings per share and average diluted common shares.
(2) T angible equity ratios and tangible book value per share of common stock are non-G AAP measures. F or corresponding reconciliations of average tangible common shareholders' equity and tangible shareholders'
equity to G AAP financial measures, see Supplemental F inancial Data on page 3. W e believe the use of these non-G AAP measures provide additional clarity in assessing the results of the C orporation.
n/m = not meaningful
C ertain prior period amounts have been reclassified to conform to current period presentation.
11
Supplemental Financial Data
(Dollars in millions)
Fully tax able-equiv alent basis data

Six Months E nded Second F irst F ourth T hird Second
2009 2008 2009 2009 2008 2008 2008
T otal revenue, net of interest expense 69,166 38,097 33,086 36,080 15,980 19,899 20,726
Net interest yield 2.67 % 2.83 % 2.64 % 2.70 % 3.31 % 2.93 % 2.92 %
E fficiency ratio 49.19 49.67 51.44 47.12 68.51 58.60 46.60
R econciliation to G A A P financial measures

T he C orporation evaluates its business based upon ratios that utilize tangible equity which is a non-G A A P measure. R eturn on average tangible shareholders' equity measures the C orporation's earnings
contribution as a percentage of shareholders’ equity reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. T he tangible equity ratio and
the tangible common equity ratio represent shareholders’ equity, common or total as applicable, less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax
liabilities divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. T hese measures are used to evaluate the C orporation's
use of equity (i.e., capital). In addition, profitability, relationship, and investment models all use return on average tangible shareholders' equity as key measures to support our overall growth goals.
A lso, the efficiencyy ratio measures the costs expended
p to ggenerate a dollar of revenue. W e believe the use of these non-G A A P measures pprovides additional clarityy in assessingg the results of the
C orporation.
O ther companies may define or calculate supplemental financial data differently. See the tables below for supplemental financial data and corresponding reconciliations to G A A P financial
measures for the three months ended J une 30, 2009, March 31, 2009, December 31, 2008, September 30, 2008 and J une 30, 2008, and the six months ended J une 30, 2009 and 2008.
R econciliation of averag e shareholders' equity to averag e tang ible shareholders' equity

Shareholders' equity $235,855 $158,078 $242,867 $228,766 $176,566 $166,454 $161,428
G oodwill (85,956) (77,721) (87,314) (84,584) (81,841) (81,977) (77,815)
Intangible assets (excluding MSR s) (11,539) (9,824) (13,595) (9,461) (8,818) (9,547) (9,618)
R elated deferred tax liabilities 3,946 1,766 3,916 3,977 1,913 1,683 1,687
T ang ible shareholders' equity $142,306 $72,299 $145,874 $138,698 $87,820 $76,613 $75,682
R econciliation of averag e common shareholders' equity to av erag e tang ible common shareholders' equity
C ommon shareholders' equity $167,153 $140,849 $173,497 $160,739 $142,535 $142,303 $140,243
G oodwill (85,956) (77,721) (87,314) (84,584) (81,841) (81,977) (77,815)
T ang ible common shareholders' equity $73,604 $55,070 $76,504 $70,671 $53,789 $52,462 $54,497
R econciliation of period end shareholders' equity to period end tang ible shareholders' equity
Shareholders' equity $255,152 $162,691 $255,152 $239,549 $177,052 $161,039 $162,691
G oodwill (86,246) (77,760) (86,246) (86,910) (81,934) (81,756) (77,760)
T ang ible shareholders' equity $159,504 $77,007 $159,504 $142,894 $88,437 $72,030 $77,007
R econciliation of period end common shareholders' equity to period end tang ible common shareholders' equity
C ommon shareholders' equity $196,492 $138,540 $196,492 $166,272 $139,351 $136,888 $138,540
G oodwill (86,246) (77,760) (86,246) (86,910) (81,934) (81,756) (77,760)
T ang ible common shareholders' equity $100,844 $52,856 $100,844 $69,617 $50,736 $47,879 $52,856
R econciliation of period end assets to period end tang ible assets

A ssets $2,254,394 $1,716,875 $2,254,394 $2,321,963 $1,817,943 $1,831,177 $1,716,875
G oodwill (86,246) (77,760) (86,246) (86,910) (81,934) (81,756) (77,760)
T ang ible assets $2,158,746 $1,631,191 $2,158,746 $2,225,308 $1,729,328 $1,742,168 $1,631,191
12
Income Statement
(Dollars in millions, except per share information; shares in thousands)

Six Months E nded Second F irst F ourth T hird Second
(1)
2009 2008 2009 2009 2008 2008 2008
Interest income
Interest and fees on loans and leases $25,678 $27,536 $12,329 $13,349 $14,220 $14,261 $13,121
Interest on debt securities 7,113 5,674 3,283 3,830 3,851 3,621 2,900
F ederal funds sold and securities borrowed or purchased under
agreements to resell 1,845 2,008 690 1,155 393 912 800
T rading account assets 4,380 4,593 1,952 2,428 2,120 2,344 2,229
O ther interest income 2,732
, 3 2,075 1,338
,338 1,394 1,018 1,058 977
T otal interest income 41,748 41,886 19,592 22,156 21,602 22,196 20,027
Interest ex pense
Deposits 4,625 8,108 2,082 2,543 3,296 3,846 3,520
Short-term borrowings 3,617 7,229 1,396 2,221 1,910 3,223 3,087
T rading account liabilities 1,029 1,589 450 579 524 661 749
Long-term debt 8,350 4,348 4,034 4,316 2,766 2,824 2,050
T otal interest expense 17,621 21,274 7,962 9,659 8,496 10,554 9,406
Net interest income 24,127 20,612 11,630 12,497 13,106 11,642 10,621
Noninterest income
C ard income 5,014 7,090 2,149 2,865 3,102 3,122 3,451
Service charges 5,262 5,035 2,729 2,533 2,559 2,722 2,638
Investment and brokerage services 5,957 2,662 2,994 2,963 1,072 1,238 1,322
Investment banking income 2,701 1,171 1,646 1,055 618 474 695
E quity investment income (loss) 7,145 1,646 5,943 1,202 (791) (316) 592
T rading account profits (losses) 7,365 (1,426) 2,164 5,201 (4,101) (384) 357
Mortgage banking income 5,841 890 2,527 3,314 1,523 1,674 439
Insurance income 1,350 414 662 688 741 678 217
G ains on sales of debt securities 2,130 352 632 1,498 762 10 127
O ther income (loss) 1,640 (965) (302) 1,942 (2,911) (1,239) (49)
T otal noninterest income 44,405 16,869 21,144 23,261 2,574 7,979 9,789
T otal revenue, net of interest ex pense 68,532 37,481 32,774 35,758 15,680 19,621 20,410
P rovision for credit losses 26,755 11,840 13,375 13,380 8,535 6,450 5,830
Noninterest ex pense
P ersonnel 16,558 9,146 7,790 8,768 4,027 5,198 4,420
O ccupancy 2,347 1,697 1,219 1,128 1,003 926 848
E quipment 1,238 768 616 622 447 440 372
Marketing 1,020 1,208 499 521 555 605 571
P rofessional fees 949 647 544 405 521 424 362
A mortization of intangibles 1,036 893 516 520 477 464 447
Data processing 1,269 1,150 621 648 641 755 587
T elecommunications 672 526 345 327 292 288 266
O ther general operating 7 339
7,339 2 505
2,505 4 041
4,041 3 298
3,298 2 678
2,678 2 313
2,313 1 574
1,574
T otal noninterest expense 34,022 18,922 17,020 17,002 10,947 11,660 9,659
Income (loss) before income tax es 7,755 6,719 2,379 5,376 (3,802) 1,511 4,921
Income tax ex pense (benefit) 284 2,099 (845) 1,129 (2,013) 334 1,511
Net income (loss) $7,471 $4,620 $3,224 $4,247 $(1,789) $1,177 $3,410
P referred stock dividends 2,238 376 805 1,433 603 473 186
Net income (loss) applicable to common shareholders $5,233 $4,244 $2,419 $2,814 $(2,392) $704 $3,224
P er common share information

E arnings (loss) $0.75 $0.95 $0.33 $0.44 $(0.48) $0.15 $0.72
Diluted earnings (loss) 0.75 0.95 0.33 0.44 (0.48) 0.15 0.72
Dividends paid 0 02
0.02 1 28
1.28 0 01
0.01 0 01
0.01 0 32
0.32 0 64
0.64 0 64
0.64
A verag e common shares issued and outstanding 6,808,262 4,431,870 7,241,515 6,370,815 4,957,049 4,543,963 4,435,719
A verag e diluted common shares issued and outstanding 6,836,972 4,445,428 7,269,518 6,431,027 4,957,049 4,547,578 4,444,098
(1) Due to a net loss for the three months ended December 31, 2008, the impact of antidilutive equity instruments were excluded from diluted earnings per share and average diluted common shares.
13
Balance Sheet Composition
Assets - 6/30/09
$2.254 Trillion
Other
$293B
13%
Goodwill & Intangibles
$99B
4%
Cash Loans
$140B $942B
6% 42%
Market-Based Assets
$512B
23%
Debt Securities
$267B
12%
Liabilities & Equity - 6/30/09

$2.254 Trillion
Equity
$255B
$
Other Liabilities 11%
$117B
5%
Domestic Deposits
$899B
40%
Long-Term Debt
$447B
20%
Short-Term Borrowings Foreign Deposits

$465B $71B
21% 3%
14
Balance Sheet
J une 30 March 31 J une 30
2009 2009 2008
A ssets
C ash and cash equivalents $140,366 $173,460 $39,127
T ime deposits placed and other short-term investments 25,710 23,947 7,649
Federal funds sold and securities borrowed or purchased under agreements to resell 184,685 153,230 107,070
T rading account assets 199,471 203,131 167,837
Derivative assets 101,707 137,311 42,039
Debt securities:
A vailable-for-sale 257,519 254,194 248,591
Held-to-maturity, at cost 9,719 8,444 1,268
T otal debt securities 267,238 262,638 249,859
Loans and leases, net of allowance:
Loans and leases 942,248 977,008 870,464
A llowance for loan and lease losses (33,785) (29,048) (17,130)
T otal loans and leases, net of allowance 908,463 947,960 853,334
P remises and equipment, net 15,667 15,549 11,627
Mortgage servicing rights (includes $18,535,
$18 535 $14,096
$14 096 and $4
$4,250
250 measured at fair value) 18 857
18,857 14 425
14,425 4 577
4,577
G oodwill 86,246 86,910 77,760
Intangible assets 13,245 13,703 9,603
Loans held-for-sale 50,994 40,214 23,630
O ther assets 241,745 249,485 122,763
T otal assets $2,254,394 $2,321,963 $1,716,875
L iabilities
Deposits in domestic offices:
Noninterest-bearing $248,757 $233,902 $199,587
Interest-bearing 650,725 639,616 497,631
Deposits in foreign offices:
Noninterest-bearing 4,560 4,133 3,432
Interest-bearing 66,700 75,857 84,114
T otal deposits 970,742 953,508 784,764
Federal funds purchased and securities loaned or sold under agreements to repurchase 263,639 246,734 238,123
T rading account liabilities 53,384 52,993 70,806
Derivative liabilities 51,300 76,582 21,095
C ommercial paper and other short-term borrowings 96,236 185,816 177,753
A ccrued expenses and other liabilities (includes $ $1,992,
, , $2,102 and $507 of reserve for
unfunded lending commitments) 116,754 126,030 55,038
Long-term debt 447,187 440,751 206,605
T otal liabilities 1,999,242 2,082,414 1,554,184
Shareholders' equity
P referred stock, $0.01 par value; authorized - 100,000,000 shares; issued and
outstanding - 5,760,731, 9,778,142 and 7,602,067 shares 58,660 73,277 24,151
C ommon stock and additional paid-in capital, $0.01 par value; authorized - 10,000,000,000, 10,000,000,000,
and 7,500,000,000 shares; issued and outstanding - 8,651,459,122, 6,400,949,995 and 4,452,947,217 shares 128,717 100,864 61,109
R etained earnings 79,210 76,877 79,920
A ccumulated
l d other
h comprehensive
h i income
i (l
(loss)) (11 227)
(11,227) (11 164)
(11,164) (1 864)
(1,864)
O ther (208) (305) (625)
T otal shareholders' equity 255,152 239,549 162,691
T otal liabilities and shareholders' equity $2,254,394 $2,321,963 $1,716,875
15
Earnings Per Share
Diluted Earnings Per Share - Annual

$4.59
$4.04
$3.55 $3.64
$3.30
$3.05
$2.24 $2.26 $2.30
$0.55
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Diluted Earnings Per Share - Quarterly

$1.28
$1.16
$0.82
$0.72
$0.44
$0.33
$0.23
$0.15
$0.05
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
$(0.48)
16
Dividend Per Share and Payout Ratio
Dividends Per Share & Payout Ratio - Annual (1)

407.3%
$2.40
$2.24
$2.12
$1.90
$1.70
$1.44
$1.22
$1.14
$1.03
$0.93
72.7%
41.5% 45.6% 49.6% 46.7% 47.0% 46.2%
40.0% 40.6%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Dividends Per Share Dividend Payout Ratio
Dividends Per Share & Payout Ratio - Quarterly (1)

361.3%
$0.64 $0.64 $0.64 $0.64 $0.64
$0.56 $0.56 222.6% 222.7%

194.0%
140.7%
$0 32
$0.32
104.2%
72.5%
46.5% 46.9% 52.5%
$0.01 $0.01
1Q07
Q0 2Q07
Q0 3Q07
3Q0 4Q07
Q0 1Q08
Q08 2Q08
Q08 3Q08 4Q08
Q08 1Q09
Q09 2Q09
Q09
Dividends Per Share Dividend Payout Ratio
(1) Dividend payout ratio is calculated on a trailing twelve-month basis.
Note:
On 7/21/2009, the Board of Directors (the Board) declared a regular quarterly cash dividend on common stock of $0.01 per share, payable on 9/25/2009
to common stockholders of record on 9/4/2009.
17
Return on Equity
R t
Return E it - Annual
on Equity A l
21.5%
20.0%
16.9% 16.5% 16.5%

16.0%
16 0% 16.3%
15.4%
11.1%
1.8%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Return on Equity - Quarterly
17.55%
16.16%
11.02%
9.25%
7.10%
5.59%
2.90%
1.97%
0.60%
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
-6.68%
18
Return on Assets
Return on Assets - Annual
1.46% 1.44% 1.44%

1.34%
1 28%
1.28% 1.30%
1.16%
1.12%
0.94%
0.22%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Return on Assets - Quarterly
1.48%
1.40%
0.93%
0.78%
0 78%
0.68%
0.53%
0.28% 0.25%
0.06%
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
-0.37%
19
Noninterest Income – Annual
$ in Millions
$38,182
$32,392
$27,422
$26,438
$22,729
$18,270
$16,338
$15 504
$15,504
$14,419 $14,607
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
$ in Millions
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Service charges $ 4,340 $ 4,543 $ 4,943 $ 5,276 $ 5,618 $ 6,989 $ 7,704 $ 8,224 $ 8,908 $ 10,316
C ard income 2,006 2,229 2,422 2,620 3,052 4,592 5,753 14,290 14,077 13,314
Mortgage banking 648 512 593 761 1,922 414 805 541 902 4,087
Investment & brokerage 1,748 1,929 2,112 2,237 2,371 3,614 4,184 4,456 5,147 4,972
Investment banking 1,411 1,512 1,579 1,545 1,736 1,886 1,856 2,317 2,345 2,263
T rading 1,605 1,923 1,842 778 408 869 1,763 3,358 (4,889) (5,911)
G ains (losses) on sales of debt securities 240 25 475 630 941 1,724 1,084 (443) 180 1,124
O ther income 2,421 1,934 2,372 1,657 2,222 2,641 3,289 5,439 5,722 (2,743)
T otal noninterest income $ 14,419 $ 14,607 $ 16,338 $ 15,504 $ 18,270 $ 22,729 $ 26,438 $ 38,182 $ 32,392 $ 27,422
% off T otal
t l R ev enue 44% 44% 45% 44% 47% 45% 46% 52% 48% 38%
20
Noninterest Income – Quarterly
$ in Millions
$23,261
$21,144
$11,236
$9,887 $9,789
$7,979
$7,480
$7,080
$3,639
$2,574
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
$ in Millions 2007 2008 2009

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
Service charges $ 2,072 $ 2,200 $ 2,221 $ 2,415 $ 2,397 $ 2,638 $ 2,722 $ 2,559 $ 2,533 $ 2,729
C ard income 3,333 3,558 3,595 3,591 3,639 3,451 3,122 3,102 2,865 2,149
Mortgage banking 213 148 155 386 451 439 1,674 1,523 3,314 2,527
Investment & brokerage 1,149 1,193 1,378 1,427 1,340 1,322 1,238 1,072 2,963 2,994
Investment banking 638 774 389 544 476 695 474 618 1,055 1,646
T rading 872 949 (1,388) (5,380) (1,783) 357 (384) (4,101) 5,201 2,164
G ains (losses) on sales of debt securities 62 2 7 109 225 127 10 762 1,498 632
O ther income 1,548 2,412 1,123 547 335 760 (877) (2,961) 3,832 6,303
T otal noninterest income $ 9,887 $ 11,236 $ 7,480 $ 3,639 $ 7,080 $ 9,789 $ 7,979 $ 2,574 $ 23,261 $ 21,144
% off T otal
t l R ev enue 55% 57% 46% 28% 41% 48% 41% 16% 65% 65%
21
Noninterest Expense – Annual
$ in Millions
$45,000
$40,000
18%
$35,000
$30,000 19%
$25,000 5%
13%
$20,000
$15,000
$ ,
$10,000 45%
$5,000
$-
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Personnel Occupancy & Equipment Intangibles Amort. Mktg., Prof., D.P., & Tele. Other Expenses
$ in Millions
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Personnel $ 9,308 $ 9,400 $ 9,829 $ 9,682 $ 10,446 $ 13,435 $ 15,054 $ 18,211 $ 18,753 $ 18,371
Occupancy 1,627 1,682 1,774 1,780 2,006 2,379 2,588 2,826 3,038 3,626
Equipment 1,346 1,173 1,115 1,124 1,052 1,214 1,199 1,329 1,391 1,655
Total Occup. & Equip. 2,973 2,855 2,889 2,904 3,058 3,593 3,787 4,155 4,429 5,281
Intangibles Amort. 888 864 878 218 217 664 809 1,755 1,676 1,834
Marketing 537 621 682 753 985 1,349 1,255 2,336 2,356 2,368
Professional Fees 630 452 564 525 844 836 930 1,078 1,174 1,592
Data Processing 763 667 776 1,017 1,104 1,330 1,487 1,732 1,962 2,546
Telecommunications 549 527 484 481 571 730 827 945 1,013 1,106
Total Mktg., Prof., D.P., & Tele. 2,479 2,267 2,506 2,776 3,504 4,245 4,499 6,091 6,505 7,612
Other Operating Expense 2,338 2,697 3,302 2,856 2,930 4,457 4,120 5,909 5,751 7,496
Total Operating Expense $ 17,986 $ 18,083 $ 19,404 $ 18,436 $ 20,155 $ 26,394 $ 28,269 $ 36,121 $ 37,114 $ 40,594
Merger and restructuring charges $ 618 $ 412 $ 805 $ 410 $ 935
Efficiency Ratio (1) 56.9% 56.0% 57.4% 51.8% 51.1% 52.6% 49.4% 48.4% 54.7% 56.1%
(1) Fully taxable equivalent
22
Noninterest Expense – Quarterly
$ in Millions
$18,000
$16,000
$14,000 25%
$12,000
12%
$10,000 3%
11%
$8,000
$6,000
$ ,
$4,000 48%
$2,000
$-
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
Personnel Occupancy & Equipment Intangibles Amort. Mktg., Prof., D.P., & Tele. Other Expenses
$ in Millions
2007 2008 2009
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
Personnel $ 5,025 $ 4,737 $ 4,169 $ 4,822 $ 4,726 $ 4,420 $ 5,198 $ 4,027 $ 8,768 $ 7,790
Occupancy 713 744 754 827 849 848 926 1,003 1,128 1,219
Equipment 350 332 336 373 396 372 440 447 622 616
Total Occup. & Equip. 1,063 1,076 1,090 1,200 1,245 1,220 1,366 1,450 1,750 1,835
Intangibles Amort. 389 391 429 467 446 447 464 477 520 516
Marketing 555 537 552 712 637 571 605 555 521 499
Professional Fees 229 283 258 404 285 362 424 521 405 544
Data Processing 437 472 463 590 563 587 755 641 648 621
Telecommunications 251 244 255 263 260 266 288 292 327 345
Total Mktg., Prof. D.P., & Tele. 1,472 1,536 1,528 1,969 1,745 1,786 2,072 2,009 1,901 2,009
Other Operating Expense 1,037 1,340 1,314 1,811 931 1,574 2,313 2,678 3,298 4,041
Total Operating Expense $ 8,986 $ 9,080 $ 8,530 $ 10,269 $ 9,093 $ 9,447 $ 11,413 $ 10,641 $ 16,237 $ 16,191
Merger and restructuring charges $ 111 $ 75 $ 84 $ 140 $ 170 $ 212 $ 247 $ 306 $ 765 $ 829
Efficiency Ratio (1) 49.2% 45.7% 52.9% 77.4% 53.3% 46.6% 58.6% 68.5% 47.1% 51.4%
(1) Fully taxable equivalent
23
Rate Environment
Yield Curves as of 6/30/2009

Yearly Average Rates
4.50%
4.00%
3 50%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
1ML 3ML 6ML 1Y Libor 2Y Swap 3Y Swap 5Y Swap 10Y Swap
2009 2008
Path of Federal Funds Rate 3M Libor vs. FF

Monthly Average Rates
3.50% 6.00%
3.00%
5.00%
2.50%
4.00%
2.00%
3.00%
1.50%
2 00%
2.00%
1.00%
0.50% 1.00%
0.00% 0.00%
Oct-08
Nov-08
Jul-08
Jan-08
Dec-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Aug-08
Sep-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Oct-07
Nov-07
Oct-08
Nov-08
Jul-07
Dec-07
Aug-07
Mar-08
Sep-07
Jan-08
Feb-08
Apr-08
Jul-08
May-08
Jun-08
Dec-08
Aug-08
Sep-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
F d Funds
Fed F d 3M Lib
Libor S
Spread
d
24
Net Interest Income and Net Interest Yields – Annual
$ in Millions
3.96% 3.96%
3.75% 3.75% 3.80%
3.68%
3.45% 3.40%
3.42%
3.20% 3.26%
3 26%
3.17%
2.98%
2.84% 2.82%
2.60%
$46,554
$35,815 $36,190
$31 569
$31,569
$28,677
$20,633 $21,511 $21,149

$18,342 $18,671
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Net interest income (FTE) Net interest yield Net interest yield (excl. trading)
Balance Sheet Ratios
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Liquidity Ratios
Loans & Leases/Domestic deposits 106% 111% 117% 101% 96% 95% 100% 111% 126% 125%
Loans & Leases/Earning assets 68% 67% 65% 59% 55% 52% 48% 51% 56% 58%
Total securities/Earning assets 15% 14% 11% 13% 11% 17% 20% 20% 13% 16%
Market based assets/Earning assets 27% 27% 29% 29% 30% 24%
Interest Rates and Yields

Loan & Lease yield 7.63% 8.15% 7.50% 6.58% 6.04% 5.95% 6.50% 7.43% 7.25% 6.18%
Securities yield 6.00% 6.07% 6.23% 5.44% 4.44% 4.88% 5.03% 5.26% 5.37% 5.34%
Earning assets yield 7.04% 7.45% 6.90% 5.71% 4.90% 4.82% 5.35% 6.29% 6.41% 5.56%
Interest-bearing deposit rate 3.56% 4.20% 3.35% 2.07% 1.59% 1.48% 2.08% 2.92% 3.33% 2.39%
Interest-bearing liabilities rate 4.32% 5.09% 3.94% 2.42% 2.01% 1.98% 2.97% 3.99% 4.33% 2.88%
Net interest yield 3.45% 3.20% 3.68% 3.75% 3.26% 3.17% 2.84% 2.82% 2.60% 2.98%
Net interest yield (excl. trading) (1) 3.96% 3.93% 3.71% 3.80% 3.42% 3.40%
Managed net interest yield (excl. trading) (1, 2) 3.99% 3.99% 3.75% 4.13% 3.82% 3.82%
(1) Excludes the impact of market-based amounts included in Global Markets

(2) Includes the impact of securitizations utilizing actual bond costs
25
Net Interest Income and Net Interest Yields – Quarterly
$ in Millions
3.57% 3.65%
3.50% 3.46%
3.38% 3.40%
3.28% 3.28% 3.31%
3.11% 3.14%
2.92% 2.93%
2.73% 2.70%
2.61% 2.59% 2.61% 2.61% 2.64%
$13,406 $12,819
$11,920 $11,942
$10,291 $10,937
$9,815
$8,597 $8,784 $8,992
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
Net interest income (FTE) Net interest yield Net interest yield (excl. trading)
Balance Sheet Ratios Based on Quarterly Average Balances
2007 2008 2009

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
Liquidity Ratios
Loans & Leases/Domestic deposits 121% 128% 130% 130% 129% 128% 124% 119% 114% 108%
Loans & Leases/Earning assets 56% 57% 57% 58% 58% 59% 58% 58% 52% 53%
Total securities/Earning assets 14% 13% 13% 14% 15% 16% 16% 17% 15% 14%
Market based assets/Earning assets 31% 31% 30% 27% 26% 24% 23% 19% 26% 26%
Interest Rates and Yields

Loan & Lease yield 7.31% 7.26% 7.25% 7.21% 6.64% 6.04% 6.03% 6.06% 5.46% 5.15%
Securities yield 5.27% 5.39% 5.45% 5.40% 5.17% 5.04% 5.52% 5.57% 5.47% 5.26%
Market-based assets yield 0.48% 0.60% 0.77% 0.79% 1.19% 1.27% 1.33% 1.86% 1.51% 1.23%
Earning assets yield 6.37% 6.38% 6.48% 6.39% 5.89% 5.44% 5.52% 5.40% 4.74% 4.40%
Interest-bearing deposit rate 3.19% 3.27% 3.39% 3.44% 3.04% 2.38% 2.31% 1.91% 1.40% 1.15%
Interest-bearing liabilities rate 4.31% 4.34% 4.43% 4.25% 3.55% 2.87% 2.86% 2.30% 2.11% 1.84%
Net Interest Yield 2.61% 2.59% 2.61% 2.61% 2.73% 2.92% 2.93% 3.31% 2.70% 2.64%
Net interest yield (excl. trading) (1) 3.57% 3.50% 3.38% 3.28% 3.28% 3.46% 3.40% 3.65% 3.11% 3.14%
Managed g) (1, 2)
g net interest yyield ((excl. trading) 3.95%
3 95% 3.91%
3 9 % 3.80%
3 80% 3.66%
3 66% 3.69%
3 69% 3.90%
3 90% 3.83%
3 83% 4.05%
05% 3.65%
3 65% 3.72%
3 %
(1) Excludes the impact of market-based amounts included in Global Markets

(2) Includes the impact of securitizations utilizing actual bond costs
26
Quarterly Average Balance Sheet and Yields Table*
Second Q uarter 2009 F irst Q uarter 2009 Second Q uarter 2008
Interest Interest Interest
A verag e Income/ Y ield/ A verage Income/ Y ield/ A verage Income/ Y ield/
B alance E x pense R ate Balance E xpense R ate Balance E xpense R ate
E arning assets
T ime deposits placed and other short-term investments $25,604 $169 2.64 % $26,158 $191 2.96 % $10,310 $87 3.40 %
F ederal funds sold and securities borrowed or purchased
under agreements to resell 230,955 690 1.20 244,280 1,155 1.90 126,169 800 2.54
T rading account assets 223,102 2,028 3.64 259,322 2,499 3.89 184,547 2,282 4.95
Debt securities (1) 255,159 3,353 5.26 286,249 3,902 5.47 235,369 2,963 5.04
Loans and leases (2) :
R esidential mortgage (3) 253,803 3,489 5.50 265,121 3,680 5.57 256,164 3,541 5.54
Home equity 156,599 1,722 4.41 158,575 1,787 4.55 120,265 1,627 5.44
Discontinued real estate 18,309 303 6.61 19,386 386 7.97 n/a n/a n/a
C redit card - domestic 51,721 1,375 10.66 58,960 1,606 11.05 61,655 1,603 10.45
C redit card - foreign 18,825 506 10.77 16,858 449 10.81 16,566 512 12.43
Direct/Indirect consumer (4) 100,302 1,532 6.12 100,741 1,684 6.78 82,593 1,731 8.43
O ther consumer (5) 3,298 63 7.77 3,408 64 7.50 3,953 84 8.36
T otal consumer 602,857 8,990 5.97 623,049 9,656 6.25 541,196 9,098 6.75
C ommercial - domestic 231,639 2,176 3.77 240,683 2,485 4.18 219,537 2,762 5.06
C ommercial real estate (6) 75,559 627 3.33 72,206 550 3.09 62,810 737 4.72
C ommercial lease financing 22,026 260 4.72 22,056 279 5.05 22,276 243 4.37
C ommercial - foreign 34,024 360 4.24 36,127 462 5.18 32,820 366 4.48
T otal commercial 363,248 3,423 3.78 371,072 3,776 4.12 337,443 4,108 4.89
T otal loans and leases 966,105 12,413 5.15 994,121 13,432 5.46 878,639 13,206 6.04
O ther earning assets 111,056 1,251 4.52 102,353 1,299 5.12 65,200 1,005 6.19
T otal earning assets (7) 1,811,981 19,904 4.40 1,912,483 22,478 4.74 1,500,234 20,343 5.44
C ash and cash equivalents 204,354 153,007 33,799
O ther assets, less allowance for loan and lease losses 403,982 453,644 220,580
T otal assets $2,420,317 $2,519,134 $1,754,613
Interest-bearing liabilities
Domestic interest-bearing deposits:
Savings $34,367 $54 0.63 % $32,378 $58 0.72 % $33,164 $64 0.77 %
NO W and money market deposit accounts 342,570
342 570 376 0 44
0.44 343,215
343 215 435 0 51
0.51 258 104
258,104 856 1 33
1.33
C onsumer C Ds and IR A s 229,392 1,409 2.46 235,787 1,715 2.95 178,828 1,646 3.70
Negotiable C Ds, public funds and other time deposits 39,100 124 1.28 31,188 149 1.94 24,216 195 3.25
T otal domestic interest-bearing deposits 645,429 1,963 1.22 642,568 2,357 1.49 494,312 2,761 2.25
F oreign interest-bearing deposits:
Banks located in foreign countries 19,261 37 0.76 26,052 48 0.75 33,777 272 3.25
G overnments and official institutions 7,379 4 0.22 9,849 6 0.25 11,789 77 2.62
T ime, savings and other 54,307 78 0.58 58,380 132 0.92 55,403 410 2.97
T otal foreign interest-bearing deposits 80,947 119 0.59 94,281 186 0.80 100,969 759 3.02
T otal interest-bearing deposits 726,376 2,082 1.15 736,849 2,543 1.40 595,281 3,520 2.38
F ederal funds purchased and securities loaned or sold under
agreements to repurchase and other short-term borrowings 503,451 1,396 1.11 591,928 2,221 1.52 444,578 3,087 2.79
T rading account liabilities 63,551 450 2.84 70,799 579 3.32 70,546 749 4.27
Long-term debt 444,131 4,034 3.64 446,975 4,316 3.89 205,194 2,050 4.00
T otal interest-bearing liabilities (7) 1,737,509 7,962 1.84 1,846,551 9,659 2.11 1,315,599 9,406 2.87
Noninterest-bearing sources:
Noninterest-bearing deposits 248,516 227,232 190,721
O ther liabilities 191,425 216,585 86,865
Shareholders' equity 242,867 228,766 161,428
T otal liabilities and shareholders' equity $2,420,317 $2,519,134 $1,754,613
Net interest spread 2.56 % 2.63 % 2.57 %
Impact of noninterest-bearing sources 0.08 0.07 0.35
Net interest income/y ield on earning assets $11,942 2.64 % $12,819 2.70 % $10,937 2.92 %
(1) Y ields on A F S debt securities are calculated based on fair value rather than historical cost balances. T he use of fair value does not have a material impact on net interest yield.
(2) Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cash basis. W e account for acquired impaired loans in
accordance with SO P 03-3. Loans accounted for in accordance with SO P 03-3 were written down to fair value upon acquisition and accrete interest income over the remaining life of the loan.
(3) Includes foreign residential mortgages of $675 million and $627 million for the second and first quarters of 2009.
(4) Includes foreign consumer loans of $8.0 billion and $7.1 billion in the second and first quarters of 2009, and $3.0 billion in the second quarter of 2008.
(5) Includes consumer finance loans of $2.5 and $2.6 billion in the second and first quarters of 2009, and $2.8 billion in the second quarter of 2008; and other foreign consumer loans of $640 million
and $596 million in the second and first quarters of 2009, and $862 million in the second quarter of 2008.
(6) Includes domestic commercial real estate loans of $72.8 billion and $70.9 billion in the second and first quarters of 2009, and $61.6 billion in the second quarter of 2008, and foreign commercial
real estate loans of $2.8 billion and $1.3 billion in the second and first quarters of 2009, and $1.3 billion in the second quarter of 2008.
(7) Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets $11 million and $61 million in the second and first
quarters of 2009, and $104 million in the second quarter of 2008. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense
on the underlying liabilities $(550) million and $(512) million in the second and first quarters of 2009, and $37 million in the second quarter of 2008.
n/a = not applicable
*Fully taxable-equivalent basis

27
Loan Portfolio
B ank of A merica C orporation and Subsidiaries

O utstanding L oans and L eases
J une 30 March 31 Increase
2009 2009 (Decrease)
C onsumer
(1)
R esidential mortgage $245,967 $261,583
$261 583 $(15,616)
$(15 616)
Home equity 155,058 157,645 (2,587)
(2)
Discontinued real estate 17,490 19,000 (1,510)
C redit card - domestic 48,948 51,309 (2,361)
C redit card - foreign 20,429 16,651 3,778
(3)
Direct/Indirect consumer 99,154 99,696 (542)
(4)
O ther consumer 3,390 3,297 93
T otal consumer 590,436 609,181 (18,745)
C ommercial
(5)
C ommercial - domestic 217,571 229,779 (12,208)
(6)
C ommercial real estate 75,081 75,269 (188)
C ommercial lease financing 22,387 22,017 370
C ommercial - foreign 29,811 33,407 (3,596)
T otal commercial loans 344,850 360,472 (15,622)
(7)
C ommercial loans measured at fair value 6,962 7,355 (393)
T otal commercial 351,812 367,827 (16,015)
T otal loans and leases $942,248 $977,008 $(34,760)
(1) Includes foreign residential mortgages of $710 million and $651 million at J une 30, 2009 and March 31, 2009.
(2) At J une 30, 2009 and March 31, 2009, includes $15.9 billion and $17.3 billion of pay option loans, and $1.6 billion and $1.7 billion of subprime
loans obtained as part of the acquisition of C ountrywide. T he C orporation no longer originates these products.
(3) Includes dealer financial services of $40.9 billion and $40.1 billion, consumer lending of $24.2 billion and $26.6 billion, and securities based lending
margin loans of $11.0 billion and $10.4 billion at J une 30, 2009 and March 31, 2009. In addition, includes foreign consumer loans of $7.7 billion and
$7.5 billion at J une 30, 2009 and March 31, 2009.
(4) Includes consumer finance loans of $2.4 billion and $2.5 billion, and other foreign consumer loans of $721 million and $618 million at J une 30, 2009
and March 31, 2009.
(5) Includes small business commercial - domestic loans, primarily card related, of $18.1 billion and $18.8 billion at J une 30, 2009 and March 31, 2009.
(6) Includes domestic commercial real estate loans of $71.6 billion and $73.0 billion, and foreign commercial real estate loans of $3.5 billion and $2.2 billion
at J une 30, 2009 and March 31, 2009.
(7) C ertain commercial loans are measured at fair value in accordance with SF AS 159 and include commercial - domestic loans of $4.4 billion and $4.8 billion,
commercial - foreign loans of $2.5 billion and $2.5 billion, and commercial real estate loans of $123 million and $89 million at J une 30, 2009 and
March 31, 2009.
28
Nonperforming Assets
$ in Millions
1.96%
$20,000 2.00%
10%
1.53%
1.49%
$15,000 1.39% 1.50%
36%
$10,000 0.86%
1.00%
0.81%
0.68%
5% 4% 6%
8% 0.47%
$5,000 36%
54% 0.50%
5% 5% 0.28% 0.26%
64% 10%
78% 82%
58% 6% 4%
74% 60% 41% 58%
31% 45%
37% 14% 14% 21% 30% 49% 55%
$- 0.00%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Total consumer Total commercial

Foreclosed properties & Nonperforming securities Nonperforming assets/Total loans, leases, & foreclosed properties
$ in Millions 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
R esidential mortgage $ 529 $ 551 $ 556 $ 612 $ 531 $ 554 $ 570 $ 660 $ 1,999 $ 7,057
Home equity 46 32 80 66 43 66 117 291 1,340 2,637
Discontinued real estate 77
Direct/Indirect consumer 19 19 27 30 28 33 37 2 8 26
O ther consumer 605 1,104 16 25 36 85 61 77 95 91
T otal consumer 1,199 1,706 679 733 638 738 785 1,030 3,442 9,888
(1)
C ommercial - domestic 1,163 2,777 3,123 2,781 1,388 855 581 584 852 2,040
C ommercial - foreign 486 486 461 1,359 578 267 34 13 19 290
C ommercial real estate 194 239 243 164 142 87 49 118 ,
1,099 3,906
,
C ommercial lease financing 127 266 62 42 33 56
Small business commercial - domestic 152 205
T otal commercial 1,846 3,505 3,830 4,307 2,235 1,475 726 757 2,155 6,497
T otal nonperforming loans and leases 3,045 5,211 4,509 5,040 2,873 2,213 1,511 1,787 5,597 16,385
F oreclosed properties 163 249 402 225 148 102 92 69 351 1,827
Nonperforming securities 140
(2, 3, 4)
T otal nonperforming assets $ 3,208 $ 5,460 $ 4,911 $ 5,265 $ 3,021 $ 2,455 $ 1,603 $ 1,856 $ 5,948 $ 18,212
(5)
Nonperforming assets/T otal assets 0.51% 0.85% 0.79% 0.80% 0.42% 0.22% 0.12% 0.13% 0.35% 1.00%
(5)
Nonperforming assets/T otal loans, leases, & foreclosed properties 0.86% 1.39% 1.49% 1.53% 0.81% 0.47% 0.28% 0.26% 0.68% 1.96%
A llowance for loan and lease losses $ 6,828 $ 6,838 $ 6,875 $ 6,358 $ 6,163 $ 8,626 $ 8,045 $ 9,016 $ 11,588 $ 23,071
(5)
A llowance for loan and lease losses/T otal loans and leases outstanding 1.84% 1.74% 2.09% 1.85% 1.66% 1.65% 1.40% 1.28% 1.33% 2.49%
(5)
A llowance for loan and lease losses/T otal nonperforming loans and leases 224% 131% 153% 126% 215% 390% 532% 505% 207% 141%
(1) E xcludes small business commercial - domestic loans.

(2) Balances do not include loans accounted for in accordance with S O P 03-3 even though the customer may be contractually past due. Loans accounted for in
accordance with SO P 03-3 were written down to fair value upon acquisition and accrete interest income over the remaining life of the loan.
(3) Balances do not include nonperforming loans held-for-sale included in other assets of $1.3 billion, $848 million, $388 million, $327 million and $188 million at
December 31, 2008, September 30, 2008, J une 30, 2008, March 31, 2008 and December 31, 2007, respectively.
(4) Balances do not include loans measured at fair value in accordance with SF A S 159. A t December 31, 2008, September 30, 2008, J une 30, 2008, March 31, 2008
and December 31, 2007, there were no nonperforming loans measured at fair value in accordance with SF A S 159. A t J une 30, 2008, there were $81 million of loans
past due 90 days or more and still accruing interest measured at fair value in accordance with SF A S 159. A t December 31, 2008, September 30, 2008, March 31,
2008 and December 31, 2007, there were no loans past due 90 days or more and still accruing interest measured at fair value in accordance with S F A S 159.
(5) Ratios do not include loans measured at fair value in accordance with SF A S 159 of $5.4 billion, $5.4 billion, $5.0 billion, $5.1 billion and $4.6 billion at
December 31,
31 2008
2008, September 30
30, 2008
2008, J une 30
30, 2008
2008, March 31
31, 2008 and December 31 31, 2007
2007, respectively
respectively.
Loans are classified as domestic or foreign based upon the domicile of the borrower.
29
Nonperforming Assets
$ in Millions 2007 2008 2009

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
Residential mortgage $ 732 $ 867 $ 1,176 $ 1,999 $ 2,576 $ 3,269 $ 4,638 $ 7,057 $ 10,846 $ 13,615
Home equity 363 496 764 1,340 1,786 1,851 2,049 2,637 3,497 3,826
Discontinued real estate 33 77 129 181
Direct/Indirect consumer 2 3 6 8 6 11 13 26 29 57
Other consumer 133 94 94 95 91 89 89 91 91 93
Total Consumer 1,230 1,460 2,040 3,442 4,459 5,220 6,822 9,888 14,592 17,772
Commercial - domestic (1) 404 392 638 852 980 1,079 1,566 2,040 3,022 4,204
Commercial - foreign 29 17 16 19 54 48 48 290 300 250
Commercial real estate 189 280 352 1,099 1,627 2,616 3,090 3,906 5,662 6,651
Commercial lease financing 21 27 29 33 44 40 35 56 104 104
Small business commercial - domestic 97 108 105 152 169 153 183 205 224 200
Total commercial 740 824 1,140 2,155 2,874 3,936 4,922 6,497 9,312 11,409
Total nonperforming loans and leases 1,970 2,284 3,180 5,597 7,333 9,156 11,744 16,385 23,904 29,181
Foreclosed properties 89 108 192 351 494 593 1,832 1,827 1,728 1,801
Total nonperforming assets (2, 3, 4) $ 2,059 $ 2,392 $ 3,372 $ 5,948 $ 7,827 $ 9,749 $ 13,576 $ 18,212 $ 25,632 $ 30,982
Loans past due 90 days or more and still accruing (2, 4, 5) $ 2,870 $ 2,798 $ 2,995 $ 3,736 $ 4,160 $ 4,548 $ 4,819 $ 5,414 $ 6,344 $ 6,403
Nonperforming assets/Total assets (6) 0.14% 0.16% 0.21% 0.35% 0.45% 0.57% 0.74% 1.00% 1.11% 1.38%
Nonperforming assets/Total loans, leases, & foreclosed properties (6) 0.29% 0.32% 0.43% 0.68% 0.90% 1.13% 1.45% 1.96% 2.64% 3.31%
Allowance for loan and lease losses $ 8

8,732
732 $ 9,060
9 060 $ 9,535
9 535 $ 11,588
11 588 $ 14,891
14 891 $ 17,130
17 130 $ 20,346
20 346 $ 23,071
23 071 $ 29,048
29 048 $ 33,785
33 785
Reserve for unfunded lending commitments 374 376 392 518 507 507 427 421 2,102 1,992
Total allowance for credit losses $ 9,106 $ 9,436 $ 9,927 $ 12,106 $ 15,398 $ 17,637 $ 20,773 $ 23,492 $ 31,150 $ 35,777
Allowance for loan and lease losses/Total loans and leases outstanding (6, 8) 1.21% 1.20% 1.21% 1.33% 1.71% 1.98% 2.17% 2.49% 3.00% 3.61%
Allowance for loan and lease losses/Total nonperforming loans and leases (6, 8) 443% 397% 300% 207% 203% 187% 173% 141% 122% 116%
Reservable commercial utilized criticized exposure (7) $ 7,119 $ 7,187 $ 10,820 $ 17,176 $ 21,157 $ 25,998 $ 31,009 $ 36,937 $ 48,660 $ 57,180
Reservable commercial utilized criticized exposure/Commercial utilized exposure (7) 2.24% 2.17% 3.05% 4.46% 5.43% 6.23% 7.45% 8.90% 11.13% 13.53%
(1) Excludes small business commercial - domestic loans.

(2) Balances do not include loans accounted for in accordance with SOP 03-3 even though the customer may be contractually past due. Loans accounted for in
accordance with SOP 03-3 were written down to fair value upon acquisition and accrete interest income over the remaining life of the loan.
(3) Balances do not include nonperforming loans held-for-sale of $2.6
$2 6 billion,
billion $2.5
$2 5 billion,
billion $1.3
$1 3 billion,
billion $848 million and $388 million at June 30
30, 2009
2009, March 3131, 2009
2009, December 31
31,
2008, September 30, 2008 and June 30, 2008, respectively.
(4) Balances do not include loans measured at fair value in accordance with SFAS 159. At June 30, 2009, March 31, 2009, December 31, 2008, September 30, 2008 and June 30, 2008,
there were no nonperforming loans measured at fair value in accordance with SFAS 159. At June 30, 2008, there were $81 million of loans past due 90 days or more and still accruing
interest measured at fair value in accordance with SFAS 159. At June 30, 2009, March 31, 2009, December 31, 2008 and September 30, 2008, there were no loans past due 90 days
or more and still accruing interest measured at fair value in accordance with SFAS 159.
(5) Balances do not include loans held-for-sale past due 90 days or more and still accruing interest included in other assets of $0, $18 million, $31 million, $138 million and
$32 million at June 30, 2009, March 31, 2009, December 31, 2008, September 30, 2008 and June 30, 2008, respectively.
(6) Ratios do not include loans measured at fair value in accordance with SFAS 159 of $7.0 billion, $7.4 billion, $5.4 billion, $5.4 billion and $5.0 billion at June 30, 2009, March 31,
2009, December 31, 2008, September 30, 2008 and June 30, 2008, respectively.
(7) Criticized exposure and ratios exclude assets held-for-sale, exposure measured at fair value in accordance with SFAS 159 and other nonreservable exposure. Including assets
held-for-sale, other nonreservable exposure and commercial loans measured at fair value, the ratios would have been 14.93 percent, 12.63 percent, 9.45 percent, 7.94 percent
and 6.62 percent at June 30, 2009, March 31, 2009, December 31, 2008, September 30, 2008 and June 30, 2008, respectively.
(8) The Corporation accounts for acquired impaired loans in accordance with SOP 03-3.
Certain prior period amounts have been reclassified to conform to current period presentation.
30
Net Charge-offs and Provision Expense
$ in Billions
1.79%
$26.8
1.16%
1.10%
$16.2
0.87% 0.85% 0.84%
0.70%
0.66%
0.61%
0.55%
$8.4
$6.5
$4.2 $4.3 $4.6 $4.5 $5.0

$3.7 $3.7 $4.0
$3.1 $2.8 $3.1 $2.8
$2.0 $1.8 $2.4 $2.5
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Net charge-offs Provision expense Net charge-off ratio
(1)
Year-to-Date Net Charge-offs/Losses and Net Charge-off/Loss Ratios
$ in Millions
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Residential mortgage 0.04% 0.03% 0.03% 0.04% 0.03% 0.02% 0.02% 0.02% 0.02% 0.36%
Home equity 0.07% 0.10% 0.09% 0.11% 0.05% 0.04% 0.05% 0.07% 0.28% 2.59%
Discontinued real estate 0.15%
Credit card domestic 5.08% 3.29% 4.04% 5.11% 5.37% 5.31% 6.76% 4.85% 5.29% 6.57%
Credit card foreign 2.46% 3.06% 3.34%
Consumer direct/indirect 0.88% 0.78% 0.82% 0.69% 0.55% 0.55% 0.55% 1.14% 1.96% 3.77%
Other consumer 1.22% 1.09% 3.70% 2.42% 2.89% 2.51% 3.99% 2.97% 6.18% 10.46%
Total consumer 0.68% 0.54% 1.14% 0.91% 0.91% 0.93% 1.26% 1.01% 1.07% 2.21%
C
Commerciali l-d i (2)
domestic 0 51%
0.51% 0 87%
0.87% 1 46%
1.46% 1 34%
1.34% 0 68%
0.68% 0 15%
0.15% 0 13%
0.13% 0 22%
0.22% 0 08%
0.08% 0 26%
0.26%
Commercial - foreign 0.49% 0.29% 0.78% 2.45% 2.36% 1.05% -0.39% -0.04% 0.00% 0.55%
Commercial real estate 0.00% 0.05% 0.16% 0.18% 0.20% -0.01% 0.00% 0.01% 0.11% 1.41%
Commercial lease financing 1.23% 0.05% 1.13% -0.14% 0.01% 0.27%
Small business commercial domestic 5.13% 9.80%
Total commercial 0.44% 0.68% 1.19% 1.33% 0.81% 0.20% 0.16% 0.13% 0.40% 1.07%
Total net charge-offs 0.55% 0.61% 1.16% 1.10% 0.87% 0.66% 0.85% 0.70% 0.84% 1.79%
Managed credit card loss ratio 5.57% 4.66% 4.76% 5.28% 5.36% 5.63% 6.92% 3.90% 4.79% 6.18%
(1) Net charge-off/loss ratios are calculated as held net charge-offs or managed net losses divided by average outstanding held or managed loans and
leases excluding loans measured at fair value in accordance with SFAS 159 during the period for each loan and lease category.
(2) Excludes small business commercial - domestic loans.
Certain prior period amounts have been reclassified to conform to current period presentation.
31
Net Charge-offs and Provision Expense
(1)
Q uarterly Net C harg e-offs/L osses and Net C harg e-off/L oss R atios
Second F irst F ourth T hird S econd
Q uarter Q uarter Q uarter Q uarter Q uarter
2009 2009 2008 2008 2008
Held B asis A mount P ercent A mount P ercent A mount P ercent A mount P ercent A mount P ercent
Residential mortgage $1,085 1.72 % $785 1.20 % $466 0.73 % $242 0.37 % $151 0.24 %
Home equity 1,839 4.71 1,681 4.30 1,113 2.92 964 2.53 923 3.09
Discontinued real estate 35 0.76 15 0.31 19 0.36 (3) (0.05) n/a n/a
C redit card - domestic 1,788 13.87 1,426 9.81 1,244 7.63 1,094 6.86 976 6.36
C redit card - foreign 276 5.88 186 4.48 162 3.75 148 3.46 132 3.21
Direct/Indirect consumer 1,475 5.90 1,249 5.03 1,054 5.03 845 3.94 660 3.22
O ther consumer 99 11.93 97 11.67 124 13.79 106 11.36 83 8.47
T otal consumer 6,597 4.39 5,439 3.54 4,182 2.79 3,396 2.24 2,925 2.17
(2)
C ommercial - domestic 536 1.03 244 0.46 255 0.50 117 0.23 70 0.14
C ommercial real estate 629 3.34 455 2.56 382 2.36 262 1.65 136 0.88
C ommercial lease financing 44 0.81 67 1.22 31 0.57 8 0.13 6 0.11
C ommercial - foreign 122 1.54 104 1.25 129 1.63 46 0.56 5 0.06
1,331 1.58 870 1.02 797 0.99 433 0.54 217 0.28
Small business commercial - domestic 773 16.69 633 13.47 562 11.55 527 10.64 477 9.59
T otal commercial 2,104 2.37 1,503 1.68 1,359 1.59 960 1.13 694 0.84
T otal net charg e-offs $8,701 3.64 $6,942 2.85 $5,541 2.36 $4,356 1.84 $3,619 1.67
P rovision expense $13,375 $13,380 $8,535 $6,450 $5,830
B y B usiness Seg ment

D
Deposits
it $88 3 26 %
3.26 $88 3 42 %
3.42 $106 4 89 %
4.89 $96 4 85 %
4.85 $78 4 33 %
4.33
(3)
G lobal C ard Services 7,096 12.91 5,406 9.60 4,623 7.88 4,185 6.94 3,768 6.34
Home Loans & Insurance 1,598 4.88 1,492 4.77 976 3.18 844 2.75 841 3.71
G lobal Markets 29 1.00 5 0.17 15 0.87 16 0.36 - -
G lobal Banking 1,477 1.83 1,122 1.37 992 1.19 588 0.73 318 0.41
G lobal W ealth & Investment Management 172 0.68 162 0.60 145 0.65 108 0.49 92 0.42
(3)
A ll O ther (1,759) (4.43) (1,333) (3.21) (1,316) (3.60) (1,481) (4.03) (1,478) (5.06)
T otal net charg e-offs $8,701 3.64 $6,942 2.85 $5,541 2.36 $4,356 1.84 $3,619 1.67
Supplemental manag ed basis data
C redit card - domestic $4,530 12.69 % $3,421 9.20 % $2,929 7.66 % $2,643 6.87 % $2,414 6.36 %
C redit card - foreign 517 7.06 373 5.47 334 4.57 353 4.21 337 4.11
T otal credit card manag ed net losses $5,047 11.73 $3,794 8.62 $3,263 7.16 $2,996 6.40 $2,751 5.96
(1) Net charge-off/loss ratios are calculated as annualized held net charge-offs or managed net losses divided by average outstanding held or managed loans and leases excluding
loans measured at fair value in accordance with SF AS 159 during the period for each loan and lease category.
(2) E xcludes small business commercial - domestic loans.
(3) G lobal C ard Services is presented on a managed basis. T he securitization offset is included within All O ther.

2.85%
2.3%
1.84%
32
Pre-provision, Pre-tax Income vs. Provision Expense
$ in Billions
$19.1
$16.1
$13.4 $13.4
$10 9
$10.9 $11.1
$
$9.4
$8.2 $8.5
$7.8 $8.1
$6.5
$6.0 $5.8
$5.0
$3.0 $3.3
$1.2 $1.8 $2.0
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
Pre-provision, pre-tax income, FTE basis Provision expense
33
Allowance Allocation
(1)
A llocation of the A llow ance for C redit L osses by P roduct T y pe
J une 30, 2009 J une 30, 2008

P ercent of P ercent of
L oans and Loans and
P ercent L eases P ercent of Leases
A llow ance for loan and lease losses A mount of T otal O utstanding (2) A mount T otal O utstanding
(2)
R esidential mortgage $4,119 12.19 % 1.67 % $792 4.62 % 0.34 %

Home equity 8,664 25.64 5.59 3,812 22.25 3.14
Discontinued real estate 398 1.18 2.28 n/a n/a n/a
C redit card - domestic 5,153 15.25 10.53 3,210 18.74 5.17
C redit card - foreign 1,320 3.91 6.46 474 2.77 2.86
Direct/Indirect consumer 5,369 15.89 5.41 2,964 17.30 3.49
O ther consumer 210 0.63 6.22 185 1.09 4.81
T otal consumer 25,233 74.69 4.27 11,437 66.77 2.18
(3)
C ommercial - domestic 5,486 16.24 2.52 3,844 22.44 1.74
C ommercial real estate 2 396
2,396 7 09
7.09 3 19
3.19 1 333
1,333 7 78
7.78 2 12
2.12
C ommercial lease financing 255 0.75 1.14 199 1.16 0.87
C ommercial - foreign 415 1.23 1.39 317 1.85 0.91
(4)
T otal commercial 8,552 25.31 2.48 5,693 33.23 1.67
A llow ance for loan and lease losses 33,785 100.00 % 3.61 17,130 100.00 % 1.98
(5)
R eserve for unfunded lending commitments 1,992 507
A llow ance for credit losses $35,777 $17,637
(1) T he C orporation accounts for acquired impaired loans in accordance with SO P 03-3.
(2) Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans measured in accordance with SF AS 159 for each loan and lease category.
Loans measured at fair value include commercial - domestic loans of $4.4 billion, $4.8 billion and $3.5 billion, commercial - foreign loans of $2.5 billion, $2.5 billion and $1.3 billion, and commercial real
estate loans of $123 million, $89 million and $176 million at J une 30, 2009, March 31, 2009 and J une 30, 2008.
(3) Includes allowance for small business commercial - domestic loans of $2.8 billion, $3.1 billion and $2.1 billion at J une 30, 2009, March 31, 2009 and J une 30, 2008.
(4) Includes allowance for loan and lease losses for impaired commercial loans of $1.6 billion, $1.1 billion and $417 million at J une 30, 2009, March 31, 2009 and J une 30, 2008.
(5) Amounts for the periods beginning J anuary 1, 2009 include the Merrill Lynch acquisition. T he majority of the increase from J une 30, 2008 relates to the fair value of the acquired Merrill Lynch unfunded
lending commitments, excluding commitments accounted for under SF A S 159.
34
Performance by Geographical Area
Since the C orporation’s operations are highly integrated, certain income, expense, asset and liability amounts must be allocated to arrive at total revenue,
p
net of interest expense, , income before income taxes,, net income and total assets byy ggeographic
g p area. T he C orporation
p identifies its ggeographic
g p p
performance
based upon the business unit structure used to manage the capital or expense deployed in the region as applicable. T his requires certain judgments related
to the allocation of revenue so that revenue can be appropriately matched with the related expense or capital deployed in the region.
Six Months E nded J une 30

T otal R evenue, Income (L oss)
Net of Interest B efore Income Net Income
(1)
(Dollars in millions) Y ear E x pense T ax es (L oss)
(2)
Domestic 2009 $54,050 $(1,372) $1,663
2008 34 726
34,726 5 954
5,954 4 135
4,135
(3)
A sia 2009 9,476 8,155 5,138
2008 748 430 272
E urope, Middle E ast and A frica 2009 4,281 625 450
2008 1,622 18 15
Latin A merica and the C aribbean 2009 725 347 220
2008 385 317 198
198
T otal F oreign 2009 14,482 9,127 5,808

2008 2,755 765 485
T otal C onsolidated 2009 $68,532 $7,755 $7,471

2008 37,481 6,719 4,620
((1))
T here were no material intercompany revenues between geographic regions for any of the periods presented.
presented
(2)
Includes the C orporation’s C anadian operations which had total revenue, net of interest expense of $682 million; income before income taxes of $195 million; and net income
of $$156 million for six months ended J une 30, 2009. Includes the C orporation’s C anadian operations which had total revenue, net of interest expense of $567 million; income
before income taxes of $254 million; and net income of $189 million for six months ended J une 30, 2008.
(3)
Six months ended J une 30, 2009, includes pre-tax gains $7.3 billion ($4.7 billion net-of-tax) on the sale of common shares of the C orporation’s initial investment in C C B.
(1)
T otal A ssets
(Dollars in millions) J une 30, 2009 December 31, 2009

(2)
Domestic $1,990,853 $1,678,853
A sia 79,220 50,567
E urope, Middle E ast and A frica 167,236 78,790
Latin A merica and the C aribbean 17,085 9,733
T otal F oreign 263,541 139,090
T otal C onsolidated $2,254,394 $1,817,943
(1)
T otal assets include long-lived assets, which are primarily located in the U .S.
(2)
Includes the C orporation’s C anadian operations which had total assets of $22.0 billion and $13.5 billion at J une 30, 2009 and December 31, 2008.
35
Capital Levels
11.9%
$ in Billions
10.1%
9.2% $255.2
8.6% 8.5% $239.5

8.2% 8.3%
7.5%
7 5% 7.6%
7 6%
6.9% $190.9
$177.1
$171.1
$162.7 $161.0
$156.3
$146.8
$134.9 $135.8 $138.5
$120.8
$101.4 $100.2
$ 00
$91.1 $95 0
$95.0 $
$94.1 $
$93.9
$83.4
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09
Tier 1 capital Total shareholders' equity Tier 1 capital ratio
$ in Millions (except per share information) 2007 2008 2009

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
Common shareholders' equity $ 132,005 $ 132,900 $ 135,109 $ 142,394 $ 139,003 $ 138,540 $ 136,888 $ 139,351 $ 166,272 $ 196,492
Total shareholders' equity 134,856 135,751 138,510 146,803 156,309 162,691 161,039 177,052 239,549 255,152
Tier 1 common (1) n/a n/a n/a n/a n/a 58,853 56,139 63,339 76,145 110,383
Tier 1 capital 91,112 94,979 94,108 83,372 93,899 101,439 100,248 120,814 171,061 190,874
Total capital 126,958 135,059 135,786 133,720 146,531 154,983 153,318 171,661 237,905 255,701
Goodwill, intangibles, & related deferred tax liabilities (2) 74,913 74,565 77,068 87,826 86,006 85,684 89,009 88,615 96,655 95,648
Tangible common shareholders' equity (3) 57,092 58,335 58,041 54,568 52,997 52,856 47,879 50,736 69,617 100,844
Tangible shareholders' equity (3) 59,943 61,186 61,442 58,977 70,303 77,007 72,030 88,437 142,894 159,504
Risk-weighted assets 1,062,883 1,115,150 1,145,069 1,212,905 1,250,942 1,230,307 1,328,084 1,320,824 1,695,192 1,599,569
Tangible assets (3) 1,427,244 1,459,794 1,501,695 1,627,920 1,650,496 1,631,191 1,742,168 1,729,328 2,225,308 2,158,746
Total assets 1,502,157 1,534,359 1,578,763 1,715,746 1,736,502 1,716,875 1,831,177 1,817,943 2,321,963 2,254,394
Common shares issued and outstanding 4,439 4,437 4,437 4,438 4,453 4,453 4,562 5,017 6,401 8,651
Total equity/Total assets 9.0% 8.8% 8.8% 8.6% 9.0% 9.5% 8.8% 9.7% 10.3% 11.3%
Tier 1 common equity ratio (1) n/a n/a n/a n/a n/a 4.8% 4.2% 4.8% 4.5% 6.9%
Tier 1 capital ratio 8.6% 8.5% 8.2% 6.9% 7.5% 8.3% 7.6% 9.2% 10.1% 11.9%
Total capital ratio 11.9% 12.1% 11.9% 11.0% 11.7% 12.6% 11.5% 13.0% 14.0% 16.0%
Tangible common equity ratio (3) 4.0% 4.0% 3.9% 3.4% 3.2% 3.2% 2.8% 2.9% 3.1% 4.7%
Tang. common equity/Risk-weighted assets (3) 5.4% 5.2% 5.1% 4.5% 4.2% 4.3% 3.6% 3.8% 4.1% 6.3%
Tangible equity ratio (3) 4.2% 4.2% 4.1% 3.6% 4.3% 4.7% 4.1% 5.1% 6.4% 7.4%
Book value per share $29.74 $29.95 $30.45 $32.09 $31.22 $ 31.11 $ 30.01 $ 27.77 $ 25.98 $ 22.71
Tangible book value per share (3) 12.86 13.15 13.08 12.30 11.90 11.87 10.50 10.11 10.88 11.66
(1) Tier 1 common is not available prior to 2Q08

(2) Does not include related deferred tax liabilities prior to 1Q08
(3) Tangible measures adjust for the impact of goodwill, intangibles, and related deferred tax liabilities. Prior to 1Q08, tangible measures adjusted for the impact of goodwill and intangibles.
36
Efficiency Ratio
57%
56% 56%
55%
53%
52%
51% 50%
target
49% 49%
48%
2000 2001 2002 2003 2004 2005 2006 2007 2008 YTD 2009
Efficiency ratio = noninterest expense/(net interest income + noninterest income)
Fully taxable-equivalent basis
37
Debt Ratings
• Bank
B k off A America
i common stock t k iis lilisted
t d on Th
The N
New Y
York
k St
Stock
kEExchange,
h IInc. and
d Th
The P
Pacific
ifi St
Stock
k
Exchange Incorporated under the symbol “BAC”. The common stock is also listed on the London Stock
Exchange, and certain shares of common stock are listed on the Tokyo Stock Exchange. The stock is
typically listed in the Wall Street Journal as BankAm.
• Bank of America and certain of its banking subsidiaries also have debt securities issued in the
marketplace. The Corporation and its primary bank’s debt ratings are:
Credit Rating Summary

Updated as of August 17, 2009
Bank of America Corporation (1)

Fitch Moody's Standard & Poor's
Outlook Stable Stable Stable

Issuer -- A2 A
Long-Term (Senior) A+ A2 A
L
Long-Term
T (S
(Subordinated)
b di d) A A3 A-
Short-Term (CP) F1+ P-1 A-1
Preferred Stock B B3 (Review for Upgrade) B
Trust Preferred BB- Baa3 B
(2)
Bank of America, N.A.
Fitch Moody's Standard & Poor's
Outlook Stable Stable Stable

Long-Term A+ Aa3 A+
Short-Term F1+ P-1 A-1
(1)
Includes Merrill Lynch & Co.
(2)
Includes FIA Card Services, N.A. and Merrill Lynch Bank & Trust Co., FSB
38
Preferred Stock Information
PREF ERRED STOC K
( 12) ( 1)
Series C USIP Tick e r Issue Da te N o tio nal Ra te C um ula tive / F irst C a ll Da te
$ in M illio ns F ix ed F lo ating Rate Pa id Non
(9)
BML Series 6 - Fixed 060505575 BML PrN 09/21/2007 $65 6.700 6.700 Non Cumulative 02/03/2009
(9) (4)
BML Series 2 - Floating 060505625 BML PrH 03/14/2005 $526 3ML + 65bps 3.000 Non Cumulative 11/28/2009
(9) (4)
BML Series 1 - Floating 060505633 BML PrG 11/01/2004 $146 3ML + 75bps 3.000 Non Cumulative 11/28/2009
(9)
BML Series 7 - Fixed 060505567 BML PrO 09/21/2007 $17 6.250 6.250 Non Cumulative 03/18/2010
(9) (5)
BML Series 4 - Floating 060505591 BML PrJ 11/17/2005 $389 3ML + 75bps 4.000 Non Cumulative 11/28/2010
(9)
BML Series 3 - Fixed 060505617 BML PrI 11/17/2005
/ / $670 6.375 6.375 Non Cumulative 11/28/2010
/ /
BAC Series D - Fixed 060505831 BAC PrD 09/14/2006 $661 6.204 6.204 Non Cumulative 09/14/2011
(2)
BAC Series E - Fixed-to-Floating 060505815 BAC PrE 11/06/2006 $487 4.000 3ML + 35bps 4.000 Non Cumulative 11/15/2011
(7 ) & (8 ) (6 )
BAC S eri es N - Fi xed 10/28/2008 $15,000 5.000 5.000 Cu m u l at i ve 11/15/2011
(7 ) & (8 ) (6 )
BAC S eri es Q - Fi xed 01/09/2009 $10,000 5.000 5.000 Cu m u l at i ve 02/15/2012
(7 ) & (8 ) (1 1 )
BAC S eri es R - Fi xed 01/16/2009 $20,000 8.000 8.000 Cu m u l at i ve 2/15/2012
(9) (5)
BML Series 5 - Floating 060505583 BML PrL 03/20/2007 $606 3ML + 50bps 4.000 Non Cumulative 05/21/2012
BAC Series J - Fixed 060505724 BAC PrJ 11/20/2007 $978 7.250 7.250 Non Cumulative 11/1/2012
BAC Series H - Fixed 060505765 BAC PrH 05/23/2008 $2,862 8.200 8.200 Non Cumulative 05/01/2013
(9)
BML Series 8 - Fixed 060505559 BML PrQ 04/22/2008 $2,673 8.625 8.625 Non Cumulative 05/28/2013
BAC Series I - Fixed 060505740 BAC PrI 09/26/2007 $365 6.625 6.625 Non Cumulative 10/01/2017
(3)
BAC Series K - Fixed-to-Floating
Fixed to Floating 060505DR2 01/30/2008 $1 668
$1,668 8 000
8.000 3ML + 363bps 8 000
8.000 Non Cumulative 01/30/2018
(3)
BAC Series M - Fixed-to-Floating 060505DT8 04/30/2008 $1,434 8.125 3ML + 364bps 8.125 Non Cumulative 05/15/2018
(10)
BAC Series L - Fixed 060505682 BAC PrL 01/29/2008 $3,349 7.250 7.250 Non Cumulative Non-Callable
BAC Series B 06/01/1988 $1 7.000 7.000 Cumulative Non-Callable
T ot al $61,896
(1)
BAC Preferred is redeemable, in whole or in part, on any dividend payment date on or after the call date, at par. MER legacy Preferred (Series 1 - 8) is redeemable in whole at any time or in part from time to time at par
(2)
The rate is the greater of the fixed or floating rate
(3)
Fixed up to the call date, floating afterwards
(4)
Subject to 3.00%
3 00% minimum dividend rate
(5)
Subject to 4.00% minimum dividend rate
(6)
The rate increases to 9% per annum commencing on or after the fifth anniversary of the Original Issue Date
(7)
Prior to the call date, BAC may redeem, in whole or in part, the Series N & Q Preferred Stock if BAC receives aggregate gross proceeds of $3.75B (in the case of Series N) and $2.5B (in the case of Series Q) from
one or more “Qualified Equity Offerings” (QEOs). The redemption is limited to the proceeds received from the QEOs
(8)
Neither BAC nor its subsidiaries may redeem, purchase or acquire any shares of common stock, other capital stock (including series of preferred stock other than Series N & Q Preferred Stock), or other equity
securities of BAC or trust preferred securities of BAC or its Affiliates without the consent of the United States Department of the Treasury until the third anniversary of the Original Issue Date (10/28/2011 for
Series N and 01/09/2012 for Series Q) or the total redemption/transfer of the Series N and/or Q
(9)
BML Series 1 through 8 were issued on 01/02/2009 to replace MER series 1 through 8 Preferred Stock
(10)
BAC Series L may be converted into common stock at any time at the option of the holder; or at our option, in whole or in part, on or after 01/30/2013, if the closing price of BAC common stock exceeds the trigger
price for 20 trading days during any period of 30 consecutive trading days
(11)
BAC Series R may not be redeemed prior to the date on which all outstanding shares of UST Preferred Stock (BAC Series N & Q) have been redeemed, repurchased or otherwise acquired by the Corporation
(12)
Preferred stock ticker symbols as listed on the NYSE
NO TE: Merrill Lynch MC Series 2 & 3 Mandatory Convertible Non-Cumulative Preferred Stock are not included in the chart above, as they are settled contractually in common stock, not cash, on 10/15/2010
Series N, Q, & R, are part of the TARP Capital Purchase Program (CPP)
39
Trust Preferred and Hybrid Securities Information
The following table is a summary of the outstanding Trust and Hybrid Securities and the related Notes at December 31, 2008 as originated by Bank of America Corporation and its predecessor companies.
Aggregate Aggregate
(Dollars in millions) Principal Amount Principal Amount Stated Maturity Per Annum Interest Interest Payment Redemption
Issuer Issuance Date of Trust Securities of the Notes of the Notes Rate of the Notes Dates Period
Bank of America
Capital Trust I December 2001 $575 $593 December 2031 7.00 % 3/15,6/15,9/15,12/15 On or after 12/15/06
Capital Trust II January 2002 900 928 February 2032 7.00 2/1,5/1,8/1,11/1 On or after 2/01/07
Capital Trust III August 2002 500 516 August 2032 7.00 2/15,5/15,8/15,11/15 On or after 8/15/07
Capital Trust IV April 2003 375 387 May 2033 5.88 2/1,5/1,8/1,11/1 On or after 5/01/08
Capital Trust V November 2004 518 534 November 2034 6.00 2/3,5/3,8/3,11/3 On or after 11/03/09
Capital Trust VI March 2005 1,000 1,031 March 2035 5.63 3/8,9/8 Any time
Capital Trust VII August 2005 1,221 1,259 August 2035 5.25 2/10,8/10 Any time
Capital Trust VIII August 2005 530 546 August 2035 6.00 2/25,5/25,8/25,11/25 On or after 8/25/10
C it l TTrustt X
Capital March 2006 900 928 March 2055 6.25 3/29,6/29,9/29,12/29 On or after 3/29/11
Capital Trust XI May 2006 1,000 1,031 May 2036 6.63 5/23,11/23 Any time
Capital Trust XII August 2006 863 890 August 2055 6.88 2/2,5/2,8/2,11/2 On or after 8/02/11
Capital Trust XIII February 2007 700 700 March 2043 3-mo. LIBOR +40 bps 3/15,6/15,9/15,12/15 On or after 3/15/17
Capital Trust XIV February 2007 850 850 March 2043 5.63 3/15,9/15 On or after 3/15/17
Capital Trust XV May 2007 500 500 June 2056 3-mo. LIBOR +80 bps 3/1,6/1,9/1,12/1 On or after 6/01/37
NationsBank
Capital Trust II December 1996 365 376 December 2026 7.83 6/15,12/15 On or after 12/15/06
Capital Trust III February 1997 500 515 January 2027 3-mo. LIBOR +55 bps 1/15,4/15,7/15,10/15 On or after 1/15/07
Capital Trust IV April 1997 500 515 April 2027 8.25 4/15,10/15 On or after 4/15/07
BankAmerica
Institutional Capital A N
November
b 1996 450 464 D
December
b 2026 8 07
8.07 6/30 12/31
6/30,12/31 O or after
On f 12/31/06
Institutional Capital B November 1996 300 309 December 2026 7.70 6/30,12/31 On or after 12/31/06
Capital II December 1996 450 464 December 2026 8.00 6/15,12/15 On or after 12/15/06
Capital III January 1997 400 412 January 2027 3-mo. LIBOR +57 bps 1/15,4/15,7/15,10/15 On or after 1/15/02
Barnett
Capital III January 1997 250 258 February 2027 3-mo. LIBOR +62.5 bps 2/1,5/1,8/1,11/1 On or after 2/01/07
Fleet
Capital Trust II December 1996 250 258 December 2026 7.92 6/15,12/15 On or after 12/15/06
Capital Trust V December 1998 250 258 December 2028 3-mo. LIBOR +100 bps 3/18,6/18,9/18,12/18 On or after 12/18/03
Capital Trust VIII March 2002 534 550 March 2032 7.20 3/15,6/15,9/15,12/15 On or after 3/08/07
Capital Trust IX July 2003 175 180 August 2033 6.00 2/1,5/1,8/1,11/1 On or after 7/31/08
BankBoston
Capital Trust III June 1997 250 258 June 2027 3-mo. LIBOR +75 bps 3/15,6/15,9/15,12/15 On or after 6/15/07
Capital Trust IV June 1998 250 258 June 2028 3-mo. LIBOR +60 bps 3/8,6/8,9/8,12/8 On or after 6/08/03
Progress
Capital Trust I June 1997 9 9 June 2027 10.50 6/1,12/1 On or after 6/01/07
Capital Trust II July 2000 6 6 July 2030 11.45 1/19,7/19 On or after 7/19/10
Capital Trust III November 2002 10 10 November 2032 3-mo. LIBOR +335 bps 2/15,5/15,8/15,11/15 On or after 11/15/07
Capital Trust IV December 2002 5 5 January 2033 3-mo. LIBOR +335 bps 1/7,4/7,7/7,10/7 On or after 1/07/08
MBNA
Capital Trust A December 1996 250 258 December 2026 8.28 6/1,12/1 On or after 12/01/06
Capital Trust B January 1997 280 289 February 2027 3-mo. LIBOR +80 bps 2/1,5/1,8/1,11/1 On or after 2/01/07
Capital Trust D June 2002 300 309 October 2032 8 13
8.13 1/1 4/1 7/1 10/1
1/1,4/1,7/1,10/1 On or after 10/01/07
Capital Trust E November 2002 200 206 February 2033 8.10 2/15,5/15,8/15,11/15 On or after 2/15/08
ABN Amro North America
Series I May 2001 77 77 Perpetual 3-mo. LIBOR +175 bps 2/15,5/15,8/15,11/15 On or after 8/15/06
Series II May 2001 77 77 Perpetual 3-mo. LIBOR +175 bps 3/15,6/15,9/15,12/15 On or after 9/15/06
Series III May 2001 77 77 Perpetual 3-mo. LIBOR +175 bps 1/15,4/15,7/15,10/15 On or after 10/15/06
Series IV May 2001 77 77 Perpetual 3-mo. LIBOR +175 bps 2/28,5/30,8/30,11/30 On or after 8/30/06
Series V May 2001 77 77 Perpetual 3-mo. LIBOR +175 bps 3/30,6/30,9/30,12/30 On or after 9/30/06
Series VI May 2001 77 77 Perpetual 3-mo. LIBOR +175 bps 1/30,4/30,7/30,10/30 On or after 10/30/06
Series VII May 2001 88 88 Perpetual 3-mo. LIBOR +175 bps 3/15,6/15,9/15,12/15 On or after 9/15/06
Series IX June 2001 70 70 Perpetual 3-mo. LIBOR +175 bps 3/5,6/5,9/5,12/5 On or after 9/05/06
Series X June 2001 53 53 Perpetual 3 mo LIBOR +175 bps
3-mo. 3/12 6/12 9/12 12/12
3/12,6/12,9/12,12/12 On or after 9/12/06
Series XI June 2001 27 27 Perpetual 3-mo. LIBOR +175 bps 3/26,6/26,9/26,12/26 On or after 9/26/06
Series XII June 2001 80 80 Perpetual 3-mo. LIBOR +175 bps 1/10,4/10,7/10,10/10 On or after 9/12/06
Series XIII June 2001 70 70 Perpetual 3-mo. LIBOR +175 bps 1/24,4/24,7/24,10/24 On or after 10/24/06
LaSalle
Series I August 2000 491 491 Perpetual 6.97% through 9/15/2010; 3/15,6/15,9/15,12/15 On or after 9/15/10
3-mo. LIBOR +105.5 bps
thereafter
Series J September 2000 95 95 Perpetual 3-mo. LIBOR +5.5 bps 3/15,6/15,9/15,12/15 On or after 9/15/10
through 9/15/2010; 3-mo.
LIBOR +105.5 bps
thereafter
Countrywide
Countrywide Capital III June 1997 200 206 June 2027 8.05 6/15,12/15 Only under special event
Countrywide Capital IV April 2003 500 515 April 2033 6.75 1/1,4/1,7/1,10/1 On or after 4/11/08
Countrywide Capital V November 2006 1,495 1,496 November 2036 7.00 2/1,5/1,8/1,11/1 On or after 4/11/08
Total $20,047 $20,513
40
Bank of America Business Segments
Current Environment
2009 Economic Environment and Current Business Environment
During the first six months of 2009, credit quality deteriorated further as the global economy continued to
weaken. Consumers experienced high levels of stress from higher unemployment and underemployment as
well as further declines in home prices. Consumer net charge-offs in our consumer real estate portfolios
increased, reflecting deterioration in the economy and housing markets, particularly in geographic areas that
have experienced the most significant declines in home prices. The weak economy also drove higher losses in
the consumer credit card portfolio. These factors combined with further reductions in spending by consumers
and businesses also negatively impacted the commercial portfolio. Higher commercial net charge-offs were
driven by commercial real estate, reflecting deterioration across various property types, and the commercial
domestic portfolio, reflecting broad-based deterioration in terms of borrowers and industries. In addition to
increased net charge-offs, nonperforming assets and commercial criticized utilized exposure were higher and
reserves were increased across most portfolios during the six months ended June 30, 2009.
Capital market conditions showed some signs of improvement during the first six months of 2009 and Global
Markets took advantage of the favorable trading environment.
environment However,
However during the second quarter of 2009
we were adversely impacted by credit valuation adjustments on derivative liabilities as the Corporation’s
credit spreads tightened. Market dislocations that occurred throughout 2008 continued to impact our results
in the first six months of 2009 but to a lesser extent as we incurred reduced market disruption charges on
legacy Bank of America positions compared to the same period in the prior year. We have also reduced
certain asset levels in Global Markets for balance sheet efficiencies.
In addition, GWIM was affected by the market downturn, which adversely impacted our assets under
management (AUM), related fees and lower brokerage commissions.
The above conditions, together with continued weakness in the overall economy, will continue to affect many
of the markets in which we do business and may adversely impact our results for the remainder of 2009. The
degree of the impact is dependent upon the duration and severity of such conditions.
42
Deposits
Bank
B k off A
America’s
i ’ D Deposits
it segmentt iincludes
l d ththe results
lt off consumer deposits
d it activities,
ti iti which
hi h iinclude
l d a
comprehensive range of products for consumers and small business. In addition, Deposits includes student
lending results and the net effect of our Asset Liability Management (ALM) activities.
Despite recent challenges, Deposits continues to be a key driver of revenue and earnings for Bank of
America. We lead the industry in retail deposits and market share. As macroeconomic factors, industry
consolidation and changes in consumer behavior continue to influence the environment in which we
operate we are accelerating work that was already underway – leveraging our strong foundation of
operate,
deposits, distribution and innovation – to focus on profitable growth.
Features:
• In the U.S., we serve approximately 53 million consumer and small business relationships(1) in 32 states
and the District of Columbia. Eighty-two percent of the U.S. population lives and works in our footprint, and
we have leadership positions in 23 of top 30 U.S. metro markets.
• Our customers enjoy unrivaled convenience, including our 6,109 banking centers, 18,426 domestic
branded ATMs, nationwide call centers, and leading online and mobile capabilities.
• Deposits provide one of the primary entry points for new customers of Bank of America, and deposit
balances provide a relatively stable source of funding and liquidity. Deposit products to consumers and
small businesses include:
– Regular and interest-checking accounts
– Traditional savings accounts
– Money market savings accounts
– CDs and IRAs
• Bank of America earns net interest revenues from investingg this liquidity
q y in earningg assets through
g client-
facing lending activity and ALM activities. The revenue is allocated to the deposits products using our
funds transfer pricing process, which takes into account the interest rates and maturity characteristics of
the deposits.
• Deposits also generate fees such as account service fees, non-sufficient fund fees, overdraft charges and
ATM fees.
g Q
• Total amount of average Q2 2009 deposit
p balances for the Deposits
p segment
g is $417.1 billion. Total
amount of average Q2 2009 retail deposits including Countrywide and Merrill Lynch is $665.7 billion.
(1) Excluding Countrywide and Merrill Lynch
43
Deposits
A hi
Achievements:
t
• #1 online bank with 29 million active users
• #1 mobile bank with 2.7 million active users
• 16 million active online bill pay users. The number of customers who sign up and use Bank of America’s Bill
Pay service continues to surpass that of any other financial institution.
• The introduction of Deposit Image ATMs, which provide an enhanced customer experience by printing an
image of the deposited items on the receipt and requiring no deposit envelope
• Keep the Change™, Bank of America’s signature savings tool, has provided customers with more than $2
billion in savings since its launch in 2006.
Key Data:
• 2009 June YTD net interest income of $3.7 billion is down 28.8 percent compared to prior year as a result of
spread compression due to declining interest rates and a lower residual net interest income allocation
related to our ALM activities.
• Q2 2009 average retail deposit balances grew $4.2 billion or 0.6 percent, compared to Q1 2009. Excluding
the expected runoff of high yielding Countrywide balances, average retail deposits improved $10.5 billion or
1.7 percent versus the prior quarter. Legacy Bank of America average retail deposits grew 6.0 percent
compared to Q2 2008.
2008
YTD Revenue Retail Deposits (1)

($ in Billions) ($ in Billions)
$661.5 $665.7
$8 5
$8.5 $587 8
$587.8 $81 0
$81.0 $84.5
$
$576.1
$31.6 $26.1 $19.7
$529.4 $38.7
$6.9
$3.4
$3.2
$537.4 $556.2 $554.5 $561.4

$529.4
$5.1
$3.7
June 2008 YTD June 2009 YTD 2Q08 3Q08 4Q08 1Q09 2Q09
Net interest income Noninterest income Legacy BAC Legacy CFC Legacy MER
(1) Retail deposits include GWIM deposits, certain deposits from Global Banking and All Other
44
Deposits
Key Data (continued):
• Average Q2 2009 deposits for Deposits grew $79.9 billion, or 24 percent, from a year earlier due to organic
growth in checking and savings products, migration of certain households’ deposits from GWIM and the
Countrywide acquisition.
• We added approximately 394,000 net new retail checking accounts during the six months ended June 30,
2009,, a decrease of approximately
pp y 837,000
, from the same p period in 2008. The reduction was attributable
to lower sales activity and higher closure volume resulting from the current economic environment and risk
mitigation activities.
Deposits Segment
Q2 2009 Average Deposit Balances
Foreign and Other

1%
Checking
CDs & IRAs 33%
37%
Traditional Savings
8%
Money Market
Savings
22%
45
Deposits
Financials - Segment Results (1)
Three months ended June 30, 2009 compared to three months ended June 30, 2008:
Net income decreased $733 million, or 59 percent, to $505 million driven by lower net revenue and higher noninterest expense. Net interest income
decreased $877 million, or 33 percent, to $1.7 billion as a result of a lower residual net interest income allocation from ALM activities and spread
compression due to declining interest rates. Average deposits grew $79.9 billion, or 24 percent, due to organic growth in checking and savings
accounts, migration of certain households’ deposits from GWIM and the Countrywide acquisition. Noninterest income remained relatively flat at $1.7
billion as service charges remained unchanged. The positive impacts of account growth and revenue initiatives were offset by changes in consumer
spending behavior attributable to current economic conditions. Noninterest expense increased $325 million, or 14 percent, to $2.6 billion primarily
due to increased FDIC expense, including a special assessment.
Six months ended June 30, 2009 compared to six months ended June 30, 2008:
Net iincome d
N decreasedd $1.3
$1 3 billion,
billi or 53 percent, d
driven
i b
by llower net revenue and
d hi
higher
h noninterest
i expense. N
Net iinterest iincome decreased
d d $1.5
$1 5
billion, or 29 percent, while average deposits grew $59.1 billion, or 17 percent. Noninterest income decreased $104 million, or three percent, and
noninterest expense was higher by $492 million, or 11 percent. These period-over-period changes were driven by the same factors as described in the
three-month discussion above.
Six Months Ended Second First Fourth Third Second

June 30 Quarter Quarter Quarter Quarter Quarter
2009 2008 2009 2009 2008 2008 2008
Net interest income (2) $3,659 $5,136 $1,748 $1,911 $2,984 $2,905 $2,625
Noninterest income:
Service charges 3,252 3,306 1,749 1,503 1,676 1,821 1,742
All other income (loss) (4) 46 (2) (2) 11 11 33
Total noninterest income 3,248 3,352 1,747 1,501 1,687 1,832 1,775
Total revenue, net of interest expense 6,907 8,488 3,495 3,412 4,671 4,737 4,400
Provision for credit losses 187 195 96 91 107 98 89

Noninterest expense 5,008 4,516 2,649 2,359 2,238 2,119 2,324
Income before income taxes 1,712 3,777 750 962 2,326 2,520 1,987
Income tax expense (2) 606 1,414 245 361 735 950 749
Net income $1,106 $2,363 $505 $601 $1,591 $1,570 $1,238
Net interest yield (2) 1.86 % 3.10 % 1.69 % 2.06 % 3.23 % 3.13 % 3.18 %
g equity
Return on average q y 9.47 19.31 8.58 10.39 25.85 25.92 20.30
Efficiency ratio (2) 72.50 53.21 75.80 69.12 47.92 44.74 52.82
Balance sheet
Average
Total earning assets (3) $396,248 $333,671 $415,798 $376,481 $367,631 $369,121 $331,886
Total assets (3) 422,756 365,798 442,419 402,874 394,426 394,718 364,444
Total deposits 397,454 338,358 417,114 377,575 378,951 379,071 337,253
Allocated equity 23 530
23,530 24 600
24,600 23 576
23,576 23 484
23,484 24 493
24,493 24 088
24,088 24 520
24,520
Period end
Total earning assets (3) $421,996 $334,671 $421,996 $390,782 $364,557 $371,772 $334,671
Total assets (3) 448,200 363,326 448,200 417,123 391,698 398,938 363,326
Total deposits 423,192 336,136 423,192 391,604 376,974 383,078 336,136
(1) Deposits includes the net impact of migrating customers and their related deposit balances between Global Wealth & Investment Management (GWIM) and Deposits. After migration,
the associated net interest income, service charges and noninterest expense are recorded in the appropriate segment.
(2) Fully taxable-equivalent basis
(3) Total earning assets and total assets include asset allocations to match liabilities (i
(i.e.,
e deposits)
deposits).
Certain prior period amounts have been reclassified among the segments to conform to the current period presentation.
46
Deposits
Financials - Key Indicators
(Dollars in millions, except as noted)

2009 2008 2009 2009 2008 2008 2008
Average deposit balances
Checking $130,996 $127,047 $135,837 $126,101 $124,625 $125,844 $128,240
Savings 31,034 29,460 32,488 29,564 28,687 29,392 30,092
MMS 85,025 68,066 91,537 78,441 80,677 80,364 69,772
CDs and IRAs 146,777 110,953 153,358 140,123 141,895 139,628 106,153
Foreign and other 3,622 2,832 3,894 3,346 3,067 3,843 2,996
Total average deposit balances $397,454 $338,358 $417,114 $377,575 $378,951 $379,071 $337,253
Total balances migrated to (from) GWIM $(40,480) $12,662 $(34,340) $(6,140) $4,542 $3,272 $5,631
Deposit spreads (excludes noninterest costs)

Checking 4.12 % 4.21 % 4.07 % 4.18 % 4.25 % 4.23 % 4.15 %
Savings 3.88 3.79 3.87 3.89 3.82 3.80 3.70
MMS 0.23 1.42 0.55 (0.14) 0.91 1.15 1.30
CDs and IRAs 0.07 0.47 0.05 0.09 0.26 0.14 0.40
Foreign and other 3.44 3.56 3.36 3.54 3.76 3.72 3.62
Total deposit spreads 1.75 2.36 1.78 1.71 1.99 2.01 2.31
Net new retail checking (units in thousands) 394 1,231 176 218 130 823 674
Online banking (end of period)

Active accounts (units in thousands) 29,196 25,299 29,196 29,515 28,854 28,636 25,299
Active billpay accounts (units in thousands) 16,000 13,269 16,000 16,031 15,861 15,732 13,269
Bank of America has the largest active online banking customer base with 29.2 million subscribers.
Bank of America uses a strict Active User standard - customers must have used our online services within the last 90 days.
16.0
16 0 million active bill pay users paid $79.6
$ 9 6 billion worth off bills this quarter. The number off customers who sign up and use Bank off America's Bill Pay S
Service continues to surpass that off
any other financial institution.
Currently, approximately 330 companies are presenting 39.1 million e-bills per quarter.
Certain prior period amounts have been reclassified to conform to the current period presentation.
47
Global Card Services
Global Card Services pprovides a broad offeringg of credit and debit cards and unsecured lines of credit to
consumers and small businesses. Our products include a variety of unique credit card reward programs as
well as credit and debit co-branded and affinity card products.
Core Businesses:
‐ Consumer Card
‐ Small Business Lending
‐ Consumer Lending
‐ International Loan Products
‐ Debit Card
Features:
• Bank of America is the recognized leader in affinity marketing and is the number one affinity issuer with
approximately 4,700 affinity partners worldwide, including the AAA, Alaska Airlines, National Education
Association, Upromise, National Football League, and Major League Baseball.
• Bank of America has the number two market share position in credit card products in the U.S. and is the
number one credit card lender in Europe. International credit card operations are in the United Kingdom,
Ireland, Spain and Canada.
• In the first half of 2009, Global Card Services generated managed revenues of $14.8 billion, which
accounted for 22 percent of total Bank of America.
Recent Achievements:
• Several new affinity partnerships were signed during the first half of 2009. Significant signings included The
Human Rights Campaign and The World Wildlife Fund (WWF) U.S.
• Affinity renewals completed through June included Alaska and Hawaiian Airlines.
• Bank of America launched its Add It Up
Up™ program,
program which is a secure Web site that allows enrolled customers
to earn up to 20 percent cash back on their purchases at more than 270 online retailers, including top
names such as Walmart.com, BestBuy.com and Barnes & Noble.com.
• Bank of America continues to be the largest credit card lender in Europe with a 9.4 percent market share.
• In the first six months of 2009, signed new card affinity deals with Amazon.co.uk and Play.com, two of the
largest online retailers in Europe, giving access to over 15 million customers.
• Europe Card Services has renewed affinity relationships with 123 affinity partners including Halfords and a
number of leading soccer teams (Blackburn Rovers, Middlesborough and Newcastle United).
• Canada Card Services introduced the new Shoppers Optimum MasterCard credit card program in March.
Shoppers Drug Mart is the number one provider of pharmacy products and services in Canada with over
1,149 stores. Shoppers also owns Shoppers Home Health Care® stores, making it the largest Canadian
retailer of home health care products and services.
• Additional affinity signings for Canada Card Services included the ZOOMER Rewards MasterCard credit card,
the Shinhan Bank Canada MasterCard credit card and the Canadian Wildlife Federation (CWF) which
introduced the Eco-Logique MasterCard.
48
Key Data:
We evaluate
W l t our Global
Gl b l Card
C d Services
S i b
business
i on a manageddbbasis.
i MManageddb basis
i ttreats
t securitized
iti d lloan
receivables as if they were still on the balance sheet and presents the earnings on the sold loan receivables
as if they were not sold. The receivables that have been securitized are subject to the same underwriting
standards and ongoing monitoring as the held loans. The credit performance of the managed portfolio is
important to understanding the results of card operations.
Managed Credit Card Data (1) Year-to-Date Global Card Services

Dollars in millions June 30, June 2009 YTD Total Managed Revenue
2009 2008
Gross Interest Yield 11.51% 11.68%
Small
Business
Risk adjusted margin (2) 2.94% 6.56% Other
Lending
Loss rates 10.16% 5.58%
(0.4%)
6.4%
Average outstandings (3)
Debit Card
$175,524 $184,676
(3)
8.4%
Ending outstandings $169,815 $187,162
New account growth (4) 2,188 5,279 Consumer
Retail volume $100,000 $124,278 Lending
8 6%
8.6% Consumer
D li
Delinquencies
i
Card
30+ Day 7.64% 5.53% 63.2%
90+ Day 4.21% 2.82%
International
(1) Reflects US, Europe and Canada consumer credit card on a managed basis 13.8%
(2) Reflects margin and noninterest revenue adjusted for loss rates
(3) Outstandings for 2008 include Government Card
(4) New accounts in thousands
Ending Managed Loans Payment Volumes

$ in Millions $ in Millions
$240,617 14.19%
$215,904
$39,193
$34,161
$199,785
$201 424
$201,424 11.97%
$181 743
$181,743
$161,560
June 2008 YTD June 2009 YTD June 2008 YTD June 2009 YTD
Domestic Loans Foreign Loans Payment Volume Payment Rate
Retail Volumes June 2009 YTD Account Production by Channel

$ in Millions (includes Debit Card)
$239,240
$215,170 eCommerce
18.9%
$104,329 Alternate
$106,291 Other Media
12 1%
12.1% Marketingg
Direct Mail 3.2%
5.7% Teleservices
$134,911 Franchise
1.9%
$108,879 54.9%
Event
Marketing
1.5%
June 2008 YTD June 2009 YTD Acquired Point of Sale
Accounts 1.2%
Retail Volume Debit Card Retail Volume 49 0.5%
Financials - Segment Results (1)
Global Card Services recorded a net loss of $1.6 billion for the three months ended June 30, 2009 compared to net income of $582 million for the
same period in 2008 as higher provision for credit losses and lower noninterest income were partially offset by growth in net interest income and a
decrease in noninterest expense. Net interest income grew $307 million, or six percent, to $5.0 billion driven by increased loan spreads due to the
beneficial impact of lower short-term interest rates on our funding costs partially offset by a decrease in managed average loans and leases of $18.6
billion, or eight percent. Noninterest income decreased $470 million, or 17 percent, to $2.3 billion driven by a decrease in card income of $390
million, or 15 percent. This resulted from a decrease in credit card interchange and fee income primarily due to changes in consumer retail purchase
and payment behavior in the current economic environment partially offset by an increase in debit interchange income. Provision for credit losses
increased by $3.5 billion to $7.7 billion as economic conditions led to deterioration in the consumer card and consumer lending portfolios, including a
higher level of bankruptcies. Also contributing were reserve additions related to maturing securitizations. Noninterest expense decreased $399 million,
or 17 percent, to $2.0
$2 0 billion
billi d due to llower operating
i and
d marketing
k i costs.
Global Card Services recorded a net loss of $3.5 billion compared to net income of $1.4 billion for the same period in 2008 as higher provision for
credit losses and lower noninterest income were partially offset by growth in net interest income and a decrease in noninterest expense. Net interest
income increased $977 million, or 10 percent, to $10.3 billion, noninterest income decreased $1.6 billion, or 26 percent, to $4.5 billion, provision for
credit losses increased $7.5 billion to $16.2 billion and noninterest expense decreased $519 million, or 11 percent. These period-over-period changes
were driven by the same factors as described in the three-month discussion above. In addition, noninterest income was adversely impacted by the
absence of a positive valuation adjustment on the interest-only strip that was recorded during the six months ended June 30, 2008. Also, other income
included a one-time Visa-related IPO gain of $388 million in 2008.
(Dollars in millions) Six Months Ended Second First Fourth Third Second
2009 2008 2009 2009 2008 2008 2008
Noninterest income:
Card income 4,279 5,275 2,164 2,115 2,469 2,290 2,554
All other income 259 824 124 135 239 534 204
Total noninterest income 4,538 6,099 2,288 2,250 2,708 2,824 2,758
Provision for credit losses (3) 16,182 8,711 7,741 8,441 5,851 5,602 4,259
Income (loss) before income taxes (5,389) 2,147 (2,380) (3,009) (18) (260) 866
Income tax expense (benefit) (2) (1,895) 746 (762) (1,133) (61) (89) 284
Net income (loss) $(3,494) $1,401 $(1,618) $(1,876) $43 $(171) $582
Return on average equity n/m 7.28 n/m n/m 0.42 n/m 6.01
Balance sheet
Average
Total loans and leases $224,391 $236,738 $220,365 $228,461 $233,427 $239,951 $238,918
T t l earning
Total i assetst 224 274
224,274 237 145
237,145 220 133
220,133 228 460
228,460 233 513
233,513 240 298
240,298 239 413
239,413
Total assets 241,285 259,807 236,017 246,611 253,455 261,798 261,456
Allocated equity 41,249 38,716 42,118 40,370 40,295 39,008 38,978
Period end
Total earning assets 215,633 240,994 215,633 221,794 233,094 236,157 240,994
Total assets 231,986 263,253 231,986 238,410 252,684 256,885 263,253
(1) Presented on a managed basis.

(3) Represents provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.
50
2009 2008 2009 2009 2008 2008 2008
Credit Card Data (1)
Loans
Average
Held credit card outstandings $73,167 $78,370 $70,546 $75,818 $82,117 $80,489 $78,221
Securitization impact 102,357 106,306 102,046 102,672 99,116 105,919 107,438
Managed credit card outstandings $175,524 $184,676 $172,592 $178,490 $181,233 $186,408 $185,659
Period end
Held credit card outstandings $69,377 $78,642 $69,377 $67,960 $81,274 $81,350 $78,642
Managed credit card outstandings $169,815 $187,162 $169,815 $173,352 $182,234 $183,398 $187,162
Credit Quality
Charge-offs $
Held net charge-offs $3,676 $2,064 $2,064 $1,612 $1,406 $1,242 $1,108
Managed credit card net losses $8,841 $5,123 $5,047 $3,794 $3,263 $2,996 $2,751
Charge-offs %
Held net charge-offs 10.13 % 5.29 % 11.74 % 8.62 % 6.82 % 6.14 % 5.69 %
Securitization impact 0.03 0.29 (0.01) - 0.34 0.26 0.27
Managed credit card net losses 10.16 % 5.58 % 11.73 % 8.62 % 7.16 % 6.40 % 5.96 %
30+ Delinquency $
Held delinquency $5,221 $4,121 $5,221 $5,365 $5,324 $4,675 $4,121
Managed delinquency $12,969 $10,347 $12,969 $13,611 $12,168 $10,801 $10,347
30+ Delinquency %
Held delinquency 7.53 % 5.24 % 7.53 % 7.90 % 6.55 % 5.75 % 5.24 %
Securitization impact 0.11 0.29 0.11 (0.05) 0.13 0.14 0.29
Managed delinquency 7.64 % 5.53 % 7.64 % 7.85 % 6.68 % 5.89 % 5.53 %
90+ Delinquency $
Held delinquency $2,894 $2,109 $2,894 $2,816 $2,565 $2,330 $2,109
S
Securitization
iti ti iimpactt 4 263
4,263 3 169
3,169 4 263
4,263 4 106
4,106 3 185
3,185 2 958
2,958 3 169
3,169
Managed delinquency $7,157 $5,278 $7,157 $6,922 $5,750 $5,288 $5,278
90+ Delinquency %
Held delinquency 4.17 % 2.68 % 4.17 % 4.14 % 3.16 % 2.87 % 2.68 %
Securitization impact 0.04 0.14 0.04 (0.15) - 0.01 0.14
Managed delinquency 4.21 % 2.82 % 4.21 % 3.99 % 3.16 % 2.88 % 2.82 %
Other Global Card Services Key Indicators

Managed credit card data
Gross interest yield 11.51 % 11.68 % 11.33 % 11.68 % 11.87 % 11.52 % 11.44 %
Risk adjusted margin 2.94 6.56 1.28 4.56 6.38 6.67 6.30
New account growth (in thousands) 2,188 5,279 958 1,230 1,432 1,765 2,665
Purchase volumes $100,000 $124,278 $51,944 $48,056 $56,585 $62,662 $64,457
Debit Card Data

Debit purchase volumes $106,291 $104,329 $55,158 $51,133 $52,925 $53,252 $54,268
(1) Credit Card includes U.S, Europe and Canada consumer credit card. Does not include business card, debit card and consumer lending.
Certain prior period amounts have been reclassified to conform to the current period presentation.
51
Home Loans & Insurance
The Bank of America Home Loans brand, launched on April 27, 2009, represents the combined operations of
Bank of America’s mortgage and home equity businesses and Countrywide Home Loans, which Bank of
America acquired on July 1, 2008. The Countrywide brand has been retired.
Bank of America Home Loans & Insurance provides customers with products and services in three core
product areas: Residential Mortgage, Home Equity and Reverse Mortgage, and Insurance. First mortgage
products are either sold into the secondary mortgage market to investors, while retaining mortgage servicing
rights and the Bank of America customer relationships, or are held on our balance sheet in All Other for ALM
purposes.
Bank of America is committed to helping customers sustain homeownership by lending responsibly. Our
commitment includes educating consumers to help them make informed decisions, and offering clear,
understandable products with no surprises.
Features:
• Distribution channels include Bank of America’s extensive banking center network, mortgage loan officers,
online, telephone, and wholesale and correspondent offerings.
• The vast majority of our originated mortgage products meet the conforming loan standards of Fannie Mae,
Freddie Mac, or the Federal Housing Administration.
• We serve the unique home finance needs of the growing senior consumer population with reverse mortgage
g a network of specially trained loan officers.
products available through
• Bank of America's Insurance Services Group provides:

– Insurance and financial protection solutions to bank customers and third party institutional clients
– Loan protection products, as well as home warranty services and identity theft coverage for credit
card, home equity and mortgage customers
– Diversified consumer offerings, including auto, homeowners, renters and term life insurance
Achievements:
• Bank of America is the nation’s leading mortgage servicer, second largest mortgage originator and the
leading home equity provider through the first half of 2009.
• Our Clarity CommitmentTM home loan summary, has been hailed within the media and the industry as an
exemplary response designed to restore faith and credibility among consumers within the industry.
52
Mortgage Origination Market
Bank of America Statistics Industry Statistics
Peer Comparison
First Half 2009 - $995 Billion
Total Originations & Rankings (First Half 2009)
Bank of America, #2
• #2 Lender with 20.5% market share
20.5% Wells Fargo, #1
• Based on $204 billion in production 42.2%
JPM Chase, #3
23.5%
Citibank, #4
8 2%
8.2%
5.6%
All Others
Channel Composition & Rankings (First Half 2009) Channel Distribution

First Half 2009 - $995 Billion
• #2 Retail lender with 21.9% channel share
• Based on $103 billion in production

Retail, $469B
• #6 Wholesale lender with 6.2% channel share 37%
47% Wholesale, $157B
Correspondent, $369B
• #1 Correspondent lender with 24.7% channel share 16%
Product Distribution
Product Composition & Rankings (First Half 2009) First Half 2009 - $995 Billion
0.5%
• #2 Conforming lender with 17.0% product share
3% Conforming, $687B
• Based on $117 billion in production 5%
FHA/VA, $221B
• #1 FHA/VA lender with 30.3% product share 22% Prime Jumbo, $51B
69% Home Equity, $31B
Other, $5B
Source: Inside Mortgage Finance Publications, Inc. Copyright 2009; Ranking and volume are based on combined volume for Bank of America and Countrywide Financial as reported
by Inside Mortgage Finance Publications, Inc.
53
Bank of America Home Loans – First Mortgage
Bank of America’s mortgage
g g business ggenerates revenue byy p
providingg mortgage
g g pproducts that enable customers to
achieve and sustain home ownership.
Features:
• In the first six months of 2009, we funded more than $195 billion in first mortgage loan products and increased our
mortgage lending capacity in response to the surge in home loan inquiries and applications to help nearly 880,000
people either purchase a home or refinance their existing mortgage in the first six months of 2009. In the second
quarter of 2009, approximately 29 percent of first mortgages were for purchases.
• Now has a network of more than 8,000 mortgage loan sales professionals in addition to the associates located in our
banking centers, and an unmatched distribution of 6,109 banking centers – crossing diverse geographic and economic
markets
• Maintains a servicing portfolio of over $2 trillion, representing 14.1 million loans
• As part of the 2009 Bank of America Home Loans brand launch, new tools and programs reflecting the simplicity, clarity
and transparency customers tell us they want from the home lending process were introduced. This approach to lending
i th
is the basis
b i off our b
brand
d promise,
i which
hi h iis always
l tto b
be a responsible
ibl llender
d and
dhhelp
l create
t successful
f lhhomeowners.
Tools and programs include:
– The Clarity Commitment TM, a single, one-page loan summary that clearly presents to borrowers their interest
rate, terms and other details of the loan in plain language.
– The Bank of America Home Loan Guide, an interactive Web site that arms customers with the personalized
information to prepare for homeownership and make informed home buying and refinance decisions.
Achievements:
• In the first six months of 2009, Bank of America’s mortgage business was the #1 loan servicer and #2 mortgage
originator as reported by Inside Mortgage Finance with a market share of 20 percent.
• As one of the nation’s leading home loan providers, Bank of America has taken a leadership role by making
commitments to our customers and communities. This includes:
– Helping customers avoid foreclosures by providing rate relief or agreeing to modifications with approximately
151,000 customers for the first six months of 2009, compared with more than 230,000 for all of 2008. In
addition, as of mid-July
mid July 2009, approximately 80,000 customers were already in a trial modification period or
were in the process of responding to an offer under the Making Home Affordable program.
– Working with 40 state Attorneys General, we created the National Homeownership Retention Program, and
have committed to assisting up to 400,000 eligible Countrywide and Bank of America borrowers with option
ARM or subprime loans.
– Doubling the size of our home retention team since last year, which now has more than 7,500 associates
dedicated to helping customers stay in their homes.
– Working with community stakeholders and city and state grantees that received funding under the
Neighborhood Stabilization Program administered by the U.S. Department of Housing and Urban Development
to repurpose abandoned, bank-owned or bank-serviced properties in low- to moderate-income communities.
– Undertaking a 10-year, $1.5 trillion community development lending and investing goal, focused on delivering
capital to low- to moderate-income and minority communities for affordable housing, economic development
and consumer and small business lending.
– Creating a $35 million “Neighborhood Preservation and Foreclosure Prevention Program” to help provide loan
counseling, foreclosure prevention, and support for purchase and management of vacant properties.
– Origination mortgages to low-
lo and moderate-income
moderate income borro
borrowers
ers and areas totaled $40 billion in first half of
2009, serving more than 256,000 borrowers. This includes First Mortgage and Home Equity.
54
Bank of America Home Loans – Home Equity and Reverse Mortgage
Bank of America is the nation
nation’ss leading home equity provider with the industry
industry’ss largest home equity portfolio
with $155 billion in funded commitments and an additional $99 billion in unfunded commitments, serving
more than 2.7 million customers. Bank of America continues to adapt to changing economic realities,
adjusting our credit policy responsibly to ensure that customers who obtain home equity financing are capable
of making interest and principal payments.
Features:
• We provide our customers with an extensive line of home equity products and services through retail
channels, including banking centers, retail mortgage offices, telephone, and internet. Product offerings
include home equity lines of credit (HELOCs), with variable interest rate or fixed-rate loan options, and home
equity loans (HELOANs).
• Our products help customers realize their financial goals and stimulate economies in communities across
the nation, as customers use their loans to make home improvements, consolidate credit card debt, pay for
education, and invest in small businesses.
• Throughout the first half of 2009, deteriorating housing values and rising unemployment continued to
impact the credit quality of our home equity portfolio.
• The reverse mortgage business is benefiting from government action to raise reverse mortgage limits and
increase loan availability to seniors.
• Through the first half of 2009, reverse mortgage volume has maintained its industry leadership position
through the balanced approach of both a strong direct-to-consumer
direct to consumer channel and a sustainable business-to-
business to
business model. In the first half of 2009, reverse mortgage originations totaled over $3.6 billion.
– Despite continued challenging economic conditions, Bank of America experienced strong double-digit
percentage growth in reverse mortgage production in the first half of 2009 versus the same period in
2008, fueled by expanded government loan limits, uncertainties in traditional retirement portfolios
and the Countrywide acquisition.
– The direct-to-consumer model is supported by referrals from the largest national banking center
network,
t k while
hil th
the business-to-business
b i t b i model
d l iis supported
t d by
b extensive
t i relationships
l ti hi with
ith hi
high-
h
quality brokers and a robust origination and fulfillment platform.
55
Financials - Segment Results
Home Loans & Insurance recorded a net loss of $725 million for the three months ended June 30, 2009 compared to a net loss of $948 million for the
same period in 2008 as growth in noninterest income and net interest income was partially offset by an increase in noninterest expense and higher
provision for credit losses. Net interest income grew $577 million, or 93 percent, driven primarily by an increase in average home equity loans and
LHFS. The growth in average home equity loans of $38.5 billion, or 42 percent, and a $23.4 billion increase in LHFS were attributable to the
Countrywide acquisition as well as increases in our home equity portfolio as a result of line utilization, new production, slower prepayment speeds, and
the migration of certain households’ loans from GWIM to the Home Loans & Insurance segment. Noninterest income increased $2.6 billion to $3.3
billion driven by higher mortgage banking income and insurance income. Mortgage banking income grew $2.2 billion due primarily to the Countrywide
acquisition. Mortgage banking income also benefited as lower current interest rates drove higher production income. Insurance income increased
$440 million due to the Countrywide acquisition. Provision for credit losses increased $692 million to $2.7 billion driven by economic and housing
market
k weakness
k particularly
i l l iin geographichi areas experiencing
i i hihigher
h unemployment
l andd ffalling
lli h home prices.
i Addi
Additionally,
i ll reserves were increased
i d iin
the Countrywide SOP 03-3 portfolio reflecting a reduction in expected principal cash flows. Noninterest expense increased $2.1 billion to $2.8 billion
primarily driven by the Countrywide acquisition.
Home Loans & Insurance recorded a net loss of $1.2 billion compared to a net loss of $1.7 billion for the same period in 2008, as growth in net
interest income of $1.2 billion and noninterest income of $5.9 billion were partially offset by higher provision for credit losses of $2.3 billion and an
increase in noninterest expense of $4.0 billion. Net interest income grew $1.2 billion to $2.4 billion due to the growth in average home equity loans of
$37.9 billion, or 43 percent, and $20.6 billion increase in LHFS. These period-over-period changes were driven by the same factors as described in the
three-month discussion above.
(Dollars in millions; except as noted)

2009 2008 2009 2009 2008 2008 2008
Net interest income (1) $2,376 $1,170 $1,197 $1,179 $1,006 $1,135 $620
Noninterest income:
Mortgage banking income 6,040 1,064 2,637 3,403 1,603 1,755 409
Insurance income 1,134 201 553 581 646 569 113
All other income 134 149 74 60 (2) 15 119
Total noninterest income 7,308 1,414 3,264 4,044 2,247 2,339 641
Provision for credit losses 6,098 3,846 2,726 3,372 1,623 818 2,034
Noninterest expense 5,479 1,470 2,829 2,650 2,752 2,741 732
Loss before income taxes (1,893) (2,732) (1,094) (799) (1,122) (85) (1,505)
Income tax benefit (1) (670) (1,011) (369) (301) (438) (31) (557)
Net loss $(1,223) $(1,721) $(725) $(498) $(684) $(54) $(948)
Balance sheet
Average
Total assets 226,161 102,217 232,194 220,061 204,826 179,998 104,539
Period end
Total assets 234,388 103,765 234,388 221,547 205,046 178,956 103,765
Period end (in billions)

M
Mortgage servicing f li (2)
i i portfolio $
$2,111.9 $
$540.8 $
$2,111.9 $
$2,112.8 $
$2,057.3 $
$2,026.2 $
$540.8

(2) Servicing of residential mortgage loans, home equity lines of credit, home equity loans and discontinued real estate mortgage loans.
56

2009 2008 2009 2009 2008 2008 2008
Mortgage servicing rights at fair value rollforward:
Beginning balance $12,733 $3,053 $14,096 $12,733 $20,811 $4,250 $3,163
Countrywide balance, July 1, 2008 - - - - - 17,188 -
Merrill Lynch balance, January 1, 2009 209 - - 209 - - -
Additions 2,966 1,035 1,717 1,249 677 875 669
Impact of customer payments (1,988) (430) (803) (1,185) (1,458) (1,425) (233)
Other changes in MSR 4,615 592 3,525 1,090 (7,297) (77) 651
Ending balance $18,535 $4,250 $18,535 $14,096 $12,733 $20,811 $4,250
Capitalized mortgage servicing rights
(% of loans serviced) 109 bps 145 bps 109 bps 83 bps 77 bps 126 bps 145 bps
Mortgage loans serviced for investors (in billions) $1,703 $292 $1,703 $1,699 $1,654 $1,654 $292
Loan production:
First mortgage $183,154 $36,559 $104,082 $79,072 $42,761 $49,625 $18,515
Home equity 5,843 22,818 2,920 2,923 3,920 5,260 8,997
Total Corporation
First mortgage 195,863 44,360 $110,645 85,218 44,611 51,539 22,438
Home equity 7,688 28,141 3,650 4,038 5,326 7,023 11,500
Mortgage banking income

Production income $3,288 $679 $1,651 $1,637 $691 $749 $283
Servicing income:
Servicing fees and ancillary income 3,032 515 1,515 1,517 1,487 1,526 266
Impact of customer payments (1,978) (430) (793) (1,185) (1,458) (1,425) (233)
Fair value changes of MSRs, net of economic hedge results 1,439 300 138 1,301 783 823 93
Other servicing-related revenue 259 - 126 133 100 82 -
Total net servicing income 2,752 385 986 1,766 912 1,006 126
Total Home Loans & Insurance mortgage banking income 6,040 1,064 2,637 3,403 1,603 1,755 409
Other business segment mortgage banking income (loss) (199) (174) (110) (89) (80) (81) 30
Total consolidated mortgage banking income $5,841 $890 $2,527 $3,314 $1,523 $1,674 $439
57
Global Banking
Global Banking provides a wide range of lending
lending-related
related products and services, integrated working capital
management, treasury solutions and investment banking services to clients worldwide through our network of
offices and client relationship teams along with various product partners.
Our clients include multinationals, middle-market and business banking companies, correspondent banks,
commercial real estate firms and governments.
Client-facing businesses:
‐ Global Commercial Banking (GCB)
‐ Global Corporate & Investment Banking (GCIB)
Features:
• Our lending products and services include commercial loans and commitment facilities, real estate lending,
leasing, trade finance, short-term credit facilities and asset-based lending and indirect consumer loans.
• Our capital management and treasury solutions include treasury management, foreign exchange and short-
term investing options.
• Our investment banking services provide our commercial and corporate issuer clients with debt and equity
underwriting and distribution capabilities as well as merger-related and other advisory services.
• Our clients are supported in offices throughout the world that are divided into four distinct geographic
regions: U.S.
U S and Canada; Asia; Europe
Europe, Middle East
East, and Africa; and Latin America.
America
Achievements:
• Investment Banking Product Rankings (1):
Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings
Six months ended June 30, 2009
Global U.S.
Product Ranking Market Share Product Ranking Market Share
High-yield corporate debt 1 16% 1 20%
Leveraged loans 1 14 1 19
Mortgage-backed securities 1 20 1 23
Asset-backed securities 2 11 3 13
Convertible debt 5 8 3 14
Common stock underwriting 5 6 4 12
Investment grade corporate debt 4 6 3 14
Syndicated loans 5 6 2 20
Net investment banking revenue 3 7 2 12

Announced mergers and acquisitions 5 18 5 37
Equity capital markets 4 7 4 12
Debt capital markets 3 6 2 14
Figures above include self-led transactions. Excluding self-led deals (1):

‐ Global and U.S. asset-backed securities rankings were #1 - U.S. investment grade corporate debt ranking was #2
‐ Global net investment banking revenue ranking was #2 - U.S.
U S announced mergers and acquisitions ranking was #4
(1) Source: Dealogic data. Rankings based on deal volumes except for investment banking revenue rankings which reflect fees. Mergers and acquisition
fees included in investment banking revenues reflect 10 percent fee credit at announcement and 90 percent fee credit at completion as per
Dealogic. Mergers and acquisitions volume rankings are for announced transactions and provide credit only to the investment bank advising the
parent company that is domiciled within that region. Each advisor receives full credit for the deal amount unless advising a minority stakeholder.
58
Global Banking
Global Commercial Banking (GCB)
Global Commercial Banking provides midmid-size
size companies with seamless, integrated delivery of all Global
Banking and Global Wealth & Investment Management products and solutions, including credit, treasury
solutions and liquidity, investment banking, capital markets, risk management, wealth management and
retirement services.
Core businesses and client segments:
‐ Commercial Regions:
‐ Business Banking
‐ Middle-Market Banking
‐ Specialized Industries
‐ Commercial Real Estate Banking
‐ Dealer Financial Services
These businesses are supported by product specialists in Commercial Product Delivery, who partner with client
managers to provide integrated credit and treasury solutions, including asset-based lending.
Features:
• GCB serves more than 160,000 clients, including one in five companies that have revenues from $2.5
million to $20 million, and one in three companies with revenues between $20 million and $2 billion.
• Business Banking serves companies with annual revenues between $2.5
$2 5 million and $20 million.
million
• Middle-Market Banking serves companies with revenues of more than $20 million.
• Specialized Industries provides Healthcare, Not-For-Profit, Education and Government clients with treasury
management, bond proceeds solutions, capital raising, and works with various product partners on public
finance, interest rate protection, private placements and leasing services.
• Commercial Real Estate Banking provides comprehensive financial solutions for clients in the real estate
industry, including public and private Real Estate Investment Trusts, funds, and commercial and residential
development companies.
• Dealer Financial Services serves automobile, recreational vehicle and marine dealers as well as retail
customers through dealers and our online channel.
Achievements:
• #1 market share in all core businesses
• #1 in syndicated loans to middle-market companies
• #1 lender in asset based lending
• #1 Small Business Administration 504 lender
59
Global Banking
Global Corporate & Investment Banking (GCIB)
GCIB provides large domestic and global corporations and financial institutions with merger and acquisition
(M&A) advice, lending, risk management, treasury and liquidity, and payments management and works in
close coordination with Global Markets product specialists to provide clients with innovative equity and debt
capital raising and financing solutions. GCIB also helps serve individual banking and investment needs
through referrals to Global Wealth & Investment Management.
Core businesses:
p
‐ Global Capital Markets,, which jjointlyy reports
p to Global Markets
‐ Americas Corporate & Investment Banking
‐ International Corporate & Investment Banking
‐ Corporate Finance, Mergers & Acquisitions, and Financial Sponsors
Features:
• Full service integrated Corporate & Investment Banking capabilities with regional and sector coverage
coordinated globally
• Global coverage across industries including:

– Consumer & Retail
– Energy & Power
– Global Industries
– Financial Institutions
– Healthcare
– Real Estate, Gaming & Lodging
– Technology, Media & Telecom
• M&A advisory services, debt and equity capital raising capabilities, and corporate banking to deliver
i t g t d financial
integrated fi i l solutions
l ti
• Clients in over 150 countries through more than 40 offices in the Americas; Europe, Middle East & Africa;
and Asia Pacific
Achievements (1):
• #2 in Global Debt, Equity and Equity-Linked Capital Raising in terms of volume

– #1 iin Gl
Global
b l LLeveraged
d LLoans
– #1 in Global High-Yield Corporate Debt (2)
– #2 in U.S. Investment Grade Corporate Debt
– #4 in Global Equity and Equity-Linked Issuance
(1) Dealogic; year to date through 06/30/2009

(2) Dealogic; as of 06/30/2009; excluding self-led deals
60
Global Banking
Global Corporate & Investment Banking (continued)
Achievements (continued):
• #5 in global announced M&A including some of the most transformative transactions year to date
– Advised on 94 deals valued at $221 billion
– Led Pfizer's $68 billion acquisition of Wyeth (proposed), the largest M&A transaction year to date, and
served as Joint Bookrunner for $22.5 billion Bridge Facility and subsequent Global Notes Offerings
– Advised on BankUnited acquisition by a private equity consortium and similar IndyMac transaction,
the only FDIC-assisted deals for distressed institutions
– Advised EDF in its £12.6 billion acquisition of British Energy, including creation of Nuclear Power
Notes to enhance liquidity for shareholders through deferred cash payments over 10 years
• #1 in Americas and global Financial Sponsor-related transactions, with 16 percent and 13.7 percent market
share respectively
– Joint Bookrunner on $749 million Concurrent Common Equity and Convertible Notes Offering for
Hertz Global Holdings
– Joint Bookrunner on $545 million in Senior Secured Notes for Univision Communications as well as
Joint Lead Arranger in connection with the amendment of the Company's Senior Secured Credit
Facility
• Primary lead manager on 54 stock transactions – more than any other bank
– Joint Bookrunner for $400 million Equity Offering and concurrent $403 million Convertible Notes for
Johnson Controls Inc.
– Joint Global Coordinator and Joint Bookrunner for $3 billion Rights Issue for Nordea Bank AB
• In top-rated bond deals, Bank of America Merrill Lynch was the lead bank in nine of the ten largest
transactions
– Joint Bookrunner on largest
g healthcare bond offeringg this yyear,, $
$16.5 billion of Senior Notes for
Roche Pharmaceuticals
– Joint Bookrunner on Mizuho Financial Group’s $850 million offering of Perpetual Preferred Securities
(1) Dealogic; year-to-date through 06/30/2009

(2) Dealogic; as of 06/30/2009; excluding self-led deals
61
Global Banking
Global Product Solutions (GPS)
Global Product Solutions (GPS) designs, delivers and services integrated credit and treasury products to more
than 140,000 clients around the world, including small businesses, middle-market and large corporations,
multi-nationals, financial institutions and governments.
These solutions, distributed through client managers, include business and corporate lending, global
payments and liquidity management, commercial card services, trade finance, foreign exchange, lines of credit
and equipment financing solutions.
Core businesses:
‐ Centralized Product Delivery - Global eCommerce and Product Development
‐ Product Management - Client Delivery & Service
‐ Merchant Services - Leasing
‐ Global Securities and Trust Services
‐ Global Corporate & Financial Institutions Product Delivery
Features:
• Supports Global Corporate & Investment Banking, Global Commercial Banking, Wealth Management and
Consumer clients
• Originates and receives nearly 3 billion electronic payment transactions and deposits an average of 4 billion
checks pper yyear
• Provides integrated treasury, liquidity and debt solutions and ongoing portfolio management and credit
manufacturing to Global Investment Banking corporate clients and prospects, Financial Institutions and
Global Commercial Banking clients
• Underwrites, structures and negotiates treasury and credit client solutions
• Researches current and future client needs to develop industry-leading products
• Works closely with Global Technology & Operations teams to provide effective support to clients
Achievements:
• GPS is the #1 treasury services provider in the U.S. and a leading provider globally, serving 95 percent
of U.S. Fortune 500 companies and 73 percent of the Fortune Global 500.
• Ranked as the largest bank-owned equipment finance/leasing company in the U.S.
62
Global Banking
Net income increased $1.1 billion, or 74 percent, to $2.5 billion due to higher total revenue benefiting from a $3.8 billion pre-tax gain related to the
contribution of the merchant processing business into a joint venture. This increase in revenue was partially offset by increases in provision for credit
losses and noninterest expense. Net interest income increased $221 million, or nine percent, driven by average deposit growth of $30.1 billion or 18
percent, and average loan growth of $7.9 billion, or three percent. The increase in average deposits was driven by organic growth benefiting from a
flight-to-quality in late 2008. The increase in average loans and leases was driven by the acquisition of Merrill Lynch, partially offset by decreased client
demand due to current economic conditions. Net interest income also benefited from improved loan spreads on new, renewed or amended facilities.
These increases were partially offset by spread compression on deposits, lower residual net interest income allocation related to ALM activities, and
the negative impact of increased nonperforming loans. Noninterest income increased $4.0 billion to $5.9 billion, mainly driven by the gain related to
the contribution of the merchant processing business into a joint venture and higher investment banking income. Investment banking income
i
increased d $407 million
illi d
due to the
h acquisition
i i i off M
Merrill
ill LLynch
h and
d strong growth
h iin d
debt
b and
d equity
i capital
i l markets
k ffees. Th
The provision
i i ffor credit
di llosses
increased $2.2 billion to $2.6 billion driven by reserve increases and higher net charge-offs within the commercial-domestic portfolio, which were
across a broad range of borrowers and industries. Also contributing to the increase were higher net charge-offs and reserve increases within the
commercial real estate portfolio for deterioration across various property types. Noninterest expense increased $485 million, or 28 percent, primarily
attributable to higher FDIC expenses including the special assessment and the impact of the Merrill Lynch acquisition. These items were partially offset
by decreased personnel expense.
Net income increased $203 million, or eight percent, due to higher total revenue of $4.9 billion which was largely offset by increases in provision for
credit losses of $3.5 billion and noninterest expense of $1.3 billion. These period-over-period changes were driven by the same factors as described in
the three-month discussion above. In addition, noninterest income and noninterest expense were adversely impacted by the absence of the gain and
related benefits associated with the Visa IPO.
2009 2008 2009 2009 2008 2008 2008
Noninterest income:
Service charges 1,851 1,580 909 942 809 820 824
Investment banking income 1,436 740 792 644 422 252 385
All other income (loss) 4 458
4,458 1 171
1,171 4 219
4,219 239 (328) 428 729
Total noninterest income 7,745 3,491 5,920 1,825 903 1,500 1,938
Provision for credit losses 4,432 926 2,584 1,848 1,402 802 400
Income before income taxes 4,119 3,934 3,842 277 1,488 1,665 2,308
Income tax expense (1) 1,460 1,478 1,355 105 378 621 875
Net income $2,659 $2,456 $2,487 $172 $1,110 $1,044 $1,433
Return on average equity 9.17 10.27 16.50 1.23 8.34 8.36 11.85
Efficiency ratio (1) 35 70
35.70 41 82
41.82 25 78
25.78 54 21
54.21 27 83
27.83 41 73
41.73 39 24
39.24
Balance sheet
Average
Total assets 393,483 372,994 389,387 397,625 396,406 383,913 378,233
Total deposits 197,981 165,232 199,879 196,061 198,246 176,570 169,738
Period end
T t l earning
Total i g assets
t 323 743
323,743 329 265
329,265 323 743
323,743 333 226
333,226 338 913
338,913 338 405
338,405 329 265
329,265
Total assets 381,123 386,525 381,123 387,410 393,430 396,448 386,525
Total deposits 201,207 173,576 201,207 194,864 214,755 194,462 173,576
Components of Investment Banking Income

2009 2008 2009 2009 2008 2008 2008
Investment banking income
Advisory (1) $621 $253 $292 $329 $184 $109 $160
Debt issuance 1,599
1 599 828 944 655 379 332 496
Equity issuance 665 350 508 157 224 50 110
Total Global Markets and Investment Banking 2,885 1,431 1,744 1,141 787 491 766
Other (2) (184) (260) (98) (86) (169) (17) (71)
Total investment banking income $2,701 $1,171 $1,646 $1,055 $618 $474 $695
(1) Advisory includes fees on debt and equity advisory and merger and acquisitions.
(2) Represents the offset to fees paid on the Corporation's own issuances.
63
Global Banking
2009 2008 2009 2009 2008 2008 2008
Global Banking revenue,
net of interest expense
Global commercial banking $9,480 $5,637 $6,692 $2,788 $2,861 $2,865 $2,923
Global corporate and investment banking 3,818 2,717 1,966 1,852 1,142 1,369 1,532
(1)
Total revenue, net of interest expense $13,298 $8,354 $8,658 $4,640 $4,003 $4,234 $4,455
Global Banking revenue,

net of interest expense - by service segment
Business lending $4,748 $3,769 $2,317 $2,431 $2,191 $2,020 $2,155
Treasury services 7,278 4,258 5,505 1,773 2,152 2,105 2,018
Investment banking related (2) 1,272 327 836 436 (340) 109 282
Total revenue, net of interest expense (1) $13,298 $8,354 $8,658 $4,640 $4,003 $4,234 $4,455
Global Banking average deposit balances

Global corporate and investment banking 74,467 61,191 72,746 76,208 79,831 69,428 61,794
Total $197,981 $165,232 $199,879 $196,061 $198,246 $176,570 $169,738
Interest-bearing $82,773 $86,456 $79,060 $86,527 $100,259 $89,217 $88,130

Noninterest bearing
Noninterest-bearing 115,208
115 208 78 776
78,776 120 819
120,819 109,534
109 534 97 987
97,987 87 353
87,353 81 608
81,608
Total $197,981 $165,232 $199,879 $196,061 $198,246 $176,570 $169,738
Global Banking loan spreads

Global commercial banking 1.90 % 1.75 % 1.96 % 1.83 % 1.85 % 1.74 % 1.71 %
Global corporate and investment banking 1.54 0.65 1.56 1.54 1.17 0.72 0.64
Provision for credit losses

Global commercial banking $3,549 $941 $1,992 $1,557 $1,037 $671 $449
Global corporate and investment banking 883 (15) 592 291 365 131 (49)
Total provision for credit losses $4,432 $926 $2,584 $1,848 $1,402 $802 $400
Credit quality (3, 4)
Reservable utilized criticized exposure

16.88 % 8.76 % 16.88 % 14.36 % 11.63 % 9.93 % 8.76 %
Global corporate and investment banking $12,034 $4,426 $12,034 $9,995 $7,292 $5,782 $4,426
10.59 % 3.69 % 10.59 % 8.45 % 5.91 % 4.63 % 3.69 %
Total reservable utilized criticized exposure $50,682 $24,333 $50,682 $43,460 $34,517 $28,802 $24,333
14.79 % 7.01 % 14.79 % 12.37 % 9.66 % 8.07 % 7.01 %
Nonperforming assets
4.24 % 1.61 % 4.24 % 3.60 % 2.50 % 1.93 % 1.61 %
Global corporate and investment banking $1,346 $191 $1,346 $879 $736 $444 $191
1.43 % 0.20 % 1.43 % 0.88 % 0.71 % 0.43 % 0.20 %
Total nonperforming assets $10,703 $3,830 $10,703 $8,956 $6,379 $4,779 $3,830
3.40 % 1.19 % 3.40 % 2.77 % 1.94 % 1.46 % 1.19 %
Average loans and leases by product

Commercial - domestic $169,583 $158,511 $164,673 $174,548 $175,260 $163,886 $161,013
Commercial real estate 63 576
63,576 59 601
59,601 64 609
64,609 62 532
62,532 61 395
61,395 60 196
60,196 59 909
59,909
Commercial lease financing 24,262 24,276 24,208 24,316 24,324 24,574 24,287
Commercial - foreign 26,946 26,799 27,051 26,840 28,546 28,429 27,895
Direct/Indirect consumer 41,217 39,554 41,233 41,201 40,144 42,205 40,344
Other 1,490 1,864 1,443 1,537 1,446 1,523 1,834
Total average loans and leases $327,074 $310,603 $323,217 $330,974 $331,115 $320,813 $315,282
(1) Total Global Banking revenue, net of interest expense $13,298 $8,354 $8,658 $4,640 $4,003 $4,234 $4,455
Less: Fair value option revenue share 104 5 242 (138) (291) (13) 61
Less: Impact of credit mitigation (121) 64 (121) - 221 24 (5)
Global banking revenues, net of interest expense excluding
fair value option revenue share and credit mitigation $13,315 $8,285 $8,537 $4,778 $4,073 $4,223 $4,399
(2) Includes revenue and loss sharing with Global Markets for certain activities and positions.
(3) Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure is on an end-of-period basis and is also shown
as a percentage of total reservable commercial utilized credit exposure, including loans and leases, standby letters of credit, financial guarantees, commercial letters of credit and bankers' acceptances.
(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.
64
Global Markets
Following the merger with Merrill Lynch
Lynch, the Global Markets business acquired extensive global reach and
broader capabilities across all product areas, particularly in Equities and Commodities. The business
strategy centers on delivering best-in-class sales, trading, and research products and services to our
investor clients, as well as providing risk management tools and capital raising expertise and execution to
issuer clients.
Closely aligned with GCIB’s client-managed groups, Global Markets product specialists serve more than
3,000 institutional investors, includingg asset managers,
g banks, hedge
g funds, insurance companies
p and
pension funds, and more than 10,000 issuer clients, including middle-market and large corporations,
financial institutions and government entities.
Core businesses:
‐ Global Capital Markets, which jointly reports into Global Banking
‐ Global Commodities - Global Credit Products
‐ Gl b l Distressed
Global Di t d - Global
Gl b l E
Equities
iti
‐ Global Mortgages & Securitized Products - Global Proprietary Trading
‐ Global Rates & Currencies - Global Research
‐ Global Sales
Features:
• Global Capital Markets advises, structures and underwrites capital raising transactions in the equity and
debt capital markets on behalf of issuer clients.
• Global Commodities structures and trades natural gas and power, crude oil, refined products, coal,
emissions, metals, structured notes and commodity indices.
• Global Credit Products trades cash and derivative credit products and also underwrites and trades U.S.
municipal securities.
• Global Distressed trades distressed securities and loans, par loans and structured credit products.
• Global Equities is a full-service provider of sales, trading and salestrading services for cash equities, equity
derivatives and convertibles, and offers prime brokerage services and electronic execution globally.
• Global Mortgages & Securitized Products is a leading market-maker and underwriter of asset and
mortgage backed securities.
• Global Proprietary Trading engages in principal transactions across a range of securities worldwide.
• Global Rates & Currencies trades all rates and currency products, repurchase agreements and futures,
and provides electronic trading services.
• Global Sales provides institutional investors with investment insights and ideas along with access to the
company’s trading desks and award-winning research.
• Global Research:
– Global Equity Research analysts provide fundamental analysis on nearly 3,000
3 000 companies domiciled in 50
countries.
– Global Credit Research encompasses high grade, high-yield, credit strategy, credit derivatives, mortgages and
other structured finance, convertibles, municipals and indices.
– Global Macro Research encompasses economics, currencies, commodities, rates, derivatives and equity
investment strategies.
65
Global Markets
Achievements (continued):
• #1 in Global and U.S. high-yield debt (1)
• #1 in Global and U.S. leveraged loans (1)
• #1 in Global and U.S. asset backed securities (2)
• #1 in Global and U.S. mortgage backed securities (1)
• #2 in U.S. investment grade corporate debt (2)
• #2 in U
U.S.
S public finance (3)
• #2 in U.S. syndicated loans (1)
• #2 in Global equity and equity-linked (1)
• #3 in U.S. convertible debt (1)
• #1 in U.S. Equity Trading Market Penetration (4)
• #1 in U.S. Equity Trading Coverage in five of eight sectors (4)
• #1 European Equity Trading Share with U.K.U K clients ((4))
• #1 in European Equity Derivatives, Sales and Sector Research (5)
• #1 in Pan-European Sales, Specialist Sales and Research (6)
• #1 U.K./Pan-European market share (7)
• More than 60 Best-in-Class awards for Global Prime Brokerage (8)
• #1 in Trading Capability & Overall Quality for U.S. Investors in Japanese Equities (4)
• Named U.S. Leveraged Finance House of the Year by International Financing Review (Banc of America
Securities award)
• Named Best Equity House in Western Europe by Euromoney (July 2009)
• Named North American Debt House of the Year by Global Finance (June 2009)
• Named Best Overall ECP Dealer and Best USD ECP Dealer by Capital Market Daily (April 2009)
• Named Korea Debt House by Euromoney (March 2009) and by The Asset (December 2008)
Research:
• #1 ranked research provider (4)
• Financial Times Starmine Awards – #1 ranked Global Broker, #1 U.S. Broker; #2 Europe Broker and #5
Pan-Asia Broker; received 42 individual analyst awards
• Wall Street Journal – “Best on the Street Stock Picking” Award - #3 in the U.S.; 17 ranked analysts
• Forbes/Zacks – Best Brokerage for stock picking and estimate accuracy. Captured more than twice the
awards of the runner-up. Seven out of 12 analysts named to “Dazzling Dozen”
• Thomson Reuters Extel Survey – #1 for Pan-European Equity Sectors Research; #2 for Pan-European
Equity & Equity-Linked Research; #2 for Continental European Small & Mid Caps Research
• Institutional Investor :
– Ranked #3 in 2008 All-America Equity Research Team Survey (Merrill Lynch ranking)
– Ranked #3 in 2008 All-America Fixed-Income Research Team Survey (Banc of America Securities ranking)
– Ranked #2 in the 2009 All-Europe Research team survey and ranked #1 for Pan-European coverage
– Ranked #3 in 2009 for Emerging EMEA coverage
– Ranked #3 in the 2008 All-Latin America Survey (Merrill Lynch ranking)
(1) Dealogic; as of 06/30/2009; equity and equity-linked by number of deals (5) Extel
(2) Dealogic; as of 06/30/2009; excluding self-led deals (6) Institutional Investor
(3) Thomson; as of 06/30/2009 (7) Tabb Group
(4) Independent Research Consulting Firm 66 (8) Global Custodian
Global Markets
Net income increased $1.1 billion to $1.4 billion as increased noninterest income and market-based net interest income were partially offset by higher
noninterest expense. Net interest income, almost all of which is market-based, increased $310 million, or 26 percent, due to growth in market-based
earning assets primarily due to the acquisition of Merrill Lynch. Noninterest income increased $2.8 billion due to the Merrill Lynch acquisition and
favorable core trading results partially offset by a negative credit valuation adjustment on derivative liabilities of $1.6 billion due to our credit spreads
tightening. In addition, we incurred market disruption charges of $1.3 billion, of which $935 million was included in Global Markets as compared to
$1.2 billion for the same period in 2008 of which $1.1 billion was recorded in Global Markets. Partially offsetting these favorable results in our trading
business was an increase in noninterest expense of $1.6 billion that was largely attributable to the Merrill Lynch acquisition and an increase in
incentive compensation expense due to improved revenue performance.
Net income was $3.8 billion compared to a net loss of $691 million for the same period in 2008. This period-over-period change was driven by the
same factors as described in the three-month discussion above. Market disruption charges were $3.0 billion, of which $2.5 billion were included in
Global Markets as compared to $4.0 billion for the same period in 2008 of which $3.6 billion was recorded in Global Markets. In addition, credit
valuation adjustments on derivative liabilities were relatively flat for the six months ended June 30, 2009.
2009 2008 2009 2009 2008 2008 2008
(1)
Noninterest income:
Investment and brokerage services 1,415 406 831 584 150 195 186
Investment banking income 1,306 690 821 485 365 240 380
Trading account profits (losses) 6,935 (1,419) 2,014 4,921 (3,891) (499) 183
All other income (loss) (1,701) (1,472) (721) (980) (2,717) (1,072) (568)
Total noninterest income (loss) 7,955 (1,795) 2,945 5,010 (6,093) (1,136) 181
Total revenue, net of interest expense 11,351 537 4,452 6,899 (4,565) 149 1,378
Provision for credit losses 50 (39) (1) 51 13 (24) (38)

Noninterest expense 5,615 1,680 2,559 3,056 1,105 1,120 951
Income (loss) before income taxes 5,686 (1,104) 1,894 3,792 (5,683) (947) 465
Income tax expense (benefit) (1) 1,874 (413) 517 1,357 (2,043) (352) 167
Net income (loss) $3,812 $(691) $1,377 $2,435 $(3,640) $(595) $298
Return on average equity 26.38 % n/m 17.81 % 36.26 % n/m n/m 9.90 %
Efficiency ratio (1) 49.46 n/m 57.46 44.30 n/m n/m 69.04
Sales and trading revenue

Fixed income, currency and commodities $7,488 $(1,142) $2,685 $4,803 $(5,825) $(653) $661
Equity income 2,614 583 1,165 1,449 (17) 176 276
Total sales and trading revenue (2) $10,102 $(559) $3,850 $6,252 $(5,842) $(477) $937
Balance sheet
Average
Total trading-related assets (3) $520,339 $345,118 $503,688 $537,176 $315,125 $347,088 $332,748
Total market-based earning assets 482,356 381,048 475,761 489,024 311,782 370,146 367,193
Total assets 692,593 445,251 670,703 714,726 390,274 430,539 429,854
Period end
(3)
Total trading-related assets $434,967 $299,828 $434,967 $440,839 $244,174 $275,703 $299,828
Total market-based earning assets 400,534 329,394 400,534 381,087 237,618 282,475 329,394
T t l assets
Total t 571 761
571,761 388 451
388,451 571 761
571,761 583 416
583,416 306 693
306,693 350 326
350,326 388 451
388,451
Trading-related assets (average)

Trading account securities $204,005 $184,390 $190,524 $217,636 $167,463 $186,455 $180,540
Reverse repurchases 137,784 53,405 139,358 136,192 53,193 62,767 51,257
Securities borrowed 69,925 72,290 72,078 67,749 42,580 62,982 65,741
Derivative assets 108,625 35,034 101,728 115,599 51,889 34,884 35,210
(3)
Total trading-related assets $520,339 $345,119 $503,688 $537,176 $315,125 $347,088 $332,748

(2) Sales and trading revenue represents total Global Markets revenue, net of interest expense as adjusted by the following items:
Total Global Markets revenue, net of interest expense $11,351 $537 $4,452 $6,899 $(4,565) $149 $1,378
Investment banking income (1,306) (690) (821) (485) (365) (240) (380)
Fair value option net interest income (135) (56) (70) (65) (43) (31) (25)
Revenue (loss) shared 139 (350) 269 (130) (869) (131) (36)
(Gain) loss on sale of prime brokerage business 53 - 20 33 - (224) -
Total sales and trading revenue $10,102 $(559) $3,850 $6,252 $(5,842) $(477) $937
(3) Includes assets which are not considered earning assets (i.e. derivative assets).
67
Global Wealth & Investment Management
Global Wealth & Investment Management (GWIM) provides a wide offering of customized banking, investment
and brokerage services tailored to meet the changing wealth management needs of our individual and
institutional customer base. Our clients have access to a range of services offered through three primary
businesses (below).
Core Businesses:
‐ Columbia Management Group, LLC (Columbia Management)
‐ Merrill Lynch Global Wealth Management (ML GWM)
‐ U.S. Trust, Bank of America Private Wealth Management (U.S. Trust)
Features:
• Supported by the Bank of America consumer franchise with over 6,100 banking centers, nearly 18,500
ATMs, and award-winning online banking with nearly 29 million active users.
• Global Wealth & Investment Management strives to capture the potential presented by the Merrill Lynch
acquisition by, among other things:
– Providing ML GWM capabilities to U.S. Trust and vice versa
– Introducing Global Commercial Banking (GCB) capabilities to ML GWM clients
– Offering new banking capabilities for ML GWM brokerage clients and additional ML GWM capabilities
and coverage for legacy Bank of America banking and Banc of America Investment Services, Inc.
– Leveraging Institutional Retirement capabilities for our GCB clients, and capturing the downstream
opportunities of the Institutional Retirement, Philanthropy & Investments business for U.S. Trust and
ML GWM
• Columbia Management is an asset management business serving the needs of both institutional clients and
individual customers. Columbia Management provides asset management products and services, including
mutual funds and separate accounts. Columbia Management mutual fund offerings provide a broad array of
investment strategies and products including equity, fixed income (taxable and nontaxable) and money
market (taxable and nontaxable) funds
funds. Columbia Management distributes its products and services to
institutional clients and individuals directly through Merrill Lynch Global Wealth Management (ML GWM),
U.S. Trust, Global Banking and nonproprietary channels including other brokerage firms.
• Effective January 1, 2009, as a result of the Merrill Lynch acquisition, we combined the Merrill Lynch wealth
management business and our former Premier Banking & Investments business to form ML GWM. ML GWM
provides a high-touch client experience through a network of approximately 15,000 client-facing financial
advisors to our affluent customers with a personal wealth profile of at least $250,000 of investable assets.
y
The addition of Merrill Lynch created one of the largest
g financial advisoryy networks in the world.
• U.S. Trust provides comprehensive wealth management solutions to wealthy and ultra-wealthy clients with
investable assets of more than $3 million. In addition, U.S. Trust provides resources and customized
solutions to help meet clients’ wealth structuring, investment management, trust and banking needs as well
as specialty asset management services (oil and gas, real estate, farm and ranch, timberland, private
business and tax advisory). Clients also benefit from access to resources available through Bank of America
Corporation and its subsidiaries (the Corporation) including capital markets products, large and complex
financing solutions, and its extensive banking platform.
68
Achievements:
• 27 of Barron’s 2009 “Top 100 Financial Advisors” from Merrill Lynch, Banc of America Investment Services,
Inc. (BAI) and U.S. Trust (1)
• #1 in Global Top 20 by Assets Under Management (as of end of first quarter 2009) (2)
• Global Wealth & Investment Management total client assets: $1.8 trillion (for the combined organization as
of June 30, 2009) (3)
(1) As published in Barron’s April 20, 2009 issue

(2) Scorpio Partnership Private Banking Benchmark © Scorpio Partnership, 2009. Figures are for the private banking unit of the Global Wealth and
Investment Management segment. Bank of America acquired Merrill Lynch on January 1, 2009 and merged the private banking units of the two banks
under the Global Wealth Management banner. The AUM figure relates to the combined operation as of the end of first quarter 2009. Reported figure
includes assets for the following units: U.S. Trust, Global Wealth Advisors (mostly former Merrill Lynch non-brokerage assets), International Wealth
Management and Client Brokerage Assets.
(3) Source: Bank of America.

America Global Wealth and Investment Management (GWIM) is the wealth and investment management division of Bank of
America Corporation. As of June 30, 2009 GWIM entities had total client assets of $1.8 trillion. Total Client Assets consists of assets under
management (AUM) of GWIM entities, client brokerage assets, and assets in custody of GWIM entities, less an elimination for client brokerage and
assets in custody included in AUM.
Global Wealth & Investment Management is a division of Bank of America Corporation. Banc of America Investment Services, Inc.®, U.S. Trust, Bank of
America Private Wealth Management and Columbia Management are all affiliates within Global Wealth & Investment Management.
Banking products are provided by Bank of America, N.A., Member FDIC.
I
Investment
t t products:
d t
A r e Not FDIC Insured Ma y Lose Value A r e Not Bank Guaranteed
Banc of America Investment Services, Inc. is a registered broker-dealer, member FINRA and SIPC, and a nonbank subsidiary of Bank of America, N.A.
U.S. Trust, Bank of America Private Wealth Management operates through Bank of America, N.A. and other subsidiaries of Bank of America
Corporation. Bank of America, N.A., Member FDIC.
Columbia Management Group, LLC (“Columbia Management”) is the investment management division of Bank of America Corporation. Columbia
Management entities furnish investment management services and products for institutional and individual investors. Columbia Funds are distributed
by Columbia Management Distributors, Inc., member FINRA and SIPC. Columbia Management Distributors, Inc. is part of Columbia Management and an
affiliate of Bank of America Corporation.
Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer and a wholly owned subsidiary of Bank of America Corporation.
69
Net income decreased $140 million to $441 million as increases in net interest income and noninterest income were more than offset by increases in
noninterest expense and provision for credit losses. Net interest income increased $142 million, or 12 percent, to $1.3 billion primarily due to the
acquisition of Merrill Lynch partially offset by lower residual net interest income allocation from ALM activities and the impact of the transfer of client
balances during the first half of 2009 to Deposits and Home Loans & Insurance. GWIM’s average loan and deposit growth benefited from the
acquisition of Merrill Lynch and organic growth partially offset by the net migration of customer relationships. Noninterest income increased $1.8 billion
to $2.9 billion primarily due to higher investment and brokerage services income driven by the Merrill Lynch acquisition as well as lower support
provided to certain cash funds partially offset by the impact of lower equity market levels and net outflows primarily in the cash complex. Provision for
credit losses increased $119 million to $238 million as a result of increased credit costs related to the consumer real estate portfolio. Also contributing
to this increase were additions to reserves and higher charge-offs in the commercial-domestic portfolio. Noninterest expense increased $2.1 billion to
$3 3 billion
$3.3 billi ddriven
i b
by the
h addition
ddi i off M Merrill
ill LLynch
h and
d hi
higher
h FDIC expenses, iincluding
l di a speciali l assessment.
Net income increased $126 million, or 15 percent, to $951 million driven by increases of $3.5 billion in noninterest income and $779 million in net
interest income partially offset by increases of $4.0 billion in noninterest expense and $130 million in provision for credit losses. These period-over-
period changes were driven by the same factors as discussed in the three-month discussion above.
(Dollars in millions
millions, except as noted) Six Months Ended Second First Fourth Third Second
2009 2008 2009 2009 2008 2008 2008
Noninterest income:
Investment and brokerage services 4,540 2,176 2,230 2,310 880 1,002 1,095
All other income (loss) 1,073 (106) 675 398 (238) (703) 51
Total noninterest income 5,613 2,070 2,905 2,708 642 299 1,146
Provision for credit losses 492 362 238 254 152 150 119
N i
Noninterest expense 6,594
6 594 2,555
2 555 3,304
3 304 3,290
3 290 1,069
1 069 1,286
1 286 1,244
1 244
Income before income taxes 1,473 1,320 654 819 764 128 932
Income tax expense (2) 522 495 213 309 236 51 351
Net income $951 $825 $441 $510 $528 $77 $581
Return on average equity 10.70 14.21 9.45 12.09 17.84 2.61 19.84
Balance sheet
Average
Total earning assets (3) 222,775 151,385 203,528 242,236 176,208 162,858 156,232
Total assets (3) 258,260 161,016 238,609 278,130 184,649 172,312 165,682
Total deposits 231,853 152,808 214,111 249,792 171,340 160,999 157,113
Period end
Total earning assets (3) 202,287 157,334 202,287 237,739 178,240 169,582 157,334
Total assets (3) 232 913
232,913 167 197
167,197 232 913
232,913 268 133
268,133 187 994
187,994 179 346
179,346 167 197
167,197
Total deposits 206,296 158,228 206,296 241,504 175,107 166,273 158,228
Client assets
Assets under management $705,216 $589,459 $705,216 $697,371 $523,159 $564,438 $589,459
Client brokerage assets (4) 1,164,171 210,701 1,164,171 1,102,633 172,106 196,566 210,701
Assets in custody 252,830 156,530 252,830 234,361 133,726 150,575 156,530
Less: Client brokerage assets and assets in
custody included in assets under management (297,869) (89,234) (297,869) (279,130) (78,487) (82,921) (89,234)
Total net client assets $1,824,348 $867,456 $1,824,348 $1,755,235 $750,504 $828,658 $867,456
(1) GWIM services clients through three primary businesses: Merrill Lynch Global Wealth Management (MLGWM) (MLGWM), U
U.S.
S Trust
Trust, Bank of America Private Wealth Management (U
(U.S.
S Trust)
Trust), and
Columbia Management (Columbia).
(3) Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits).
(4) Client brokerage assets include non-discretionary brokerage and fee-based assets.
70
Financials - Business Results
Six Months Ended June 30, 2009

Merrill Lynch
Global Wealth Columbia
Total Management (1, 2) U.S. Trust Management Other (3)
Net interest income (4) $2,946 $2,462 $689 $22 $(227)
Noninterest income:
Investment and brokerage services 4,540 2,968 648 531 393
All other income (loss) 1,073 903 25 (69) 214
Total noninterest income 5,613 3,871 673 462 607
Total revenue, net of interest expense 8,559 6,333 1,362 484 380
Provision for credit losses 492 377 115 - -

Noninterest expense 6,594 4,748 994 454 398
Income (loss) before income taxes 1,473 1,208 253 30 (18)
Income tax expense (benefit) (4) 522 447 94 11 (30)
Net income $951 $761 $159 $19 $12
Net interest yield (4) 2.67 % 2.62 % 2.62 % n/m n/m

Return on average equity 10.70 20.93 6.44 5.17 % n/m
Efficiency ratio (4) 77.04 74.96 73.01 n/m n/m
Average - total loans and leases $106,117 $53,235 $52,867 n/m n/m
Average - total deposits 231,853 194,057 37,768 n/m n/m
Period end - total assets (5) 232,913 183,907 56,738 $2,647 n/m
Six Months Ended June 30, 2008

Merrill Lynch
Global Wealth Columbia
Total Management (1, 2) U S Trust
U.S. Management Other
Net interest income (4) $2,167 $1,471 $694 $(6) $8
Noninterest income:
Investment and brokerage services 2,176 521 767 801 87
All other income (loss) (106) 114 34 (255) 1
Total noninterest income 2,070 635 801 546 88
Total revenue, net of interest expense 4,237 2,106 1,495 540 96
Provision for credit losses 362 352 10 - -

Noninterest expense 2,555 919 968 611 57
Income (loss) before income taxes 1 320
1,320 835 517 (71) 39
Income tax expense (benefit) (4) 495 309 191 (26) 21
Net income (loss) $825 $526 $326 $(45) $18
Net interest yield (4) 2.88 % 2.50 % 2.82 % n/m n/m

Return on average equity 14.21 31.39 14.23 (17.08) % n/m
Efficiency ratio (4) 60.31 43.61 64.81 n/m n/m
Average - total loans and leases $86,609 $37,093 $49,491 n/m n/m
Average - total deposits 152,808 116,849 35,557 n/m n/m
Period end - total assets (5) 167,197 124,819 56,562 $2,819 n/m
(1) MLGWM includes the net impact of migrating customers and their related deposit balances between MLGWM and Deposits. After migration, the associated net interest income, service
charges and noninterest expense are recorded in the appropriate segment. During the six months ended June 30, 2009, a total of $40.5 billion of deposits migrated to Deposits from MLGWM.
During the six months ended June 30, 2008, a total of $12.7 billion of deposits migrated from Deposits to MLGWM.
(2) Effective January 1, 2009, as a result of the Merrill Lynch acquisition, we combined Merrill Lynch's wealth management business and our former Premier Banking & Investment business
to form MLGWM.
(3) Other includes the results of the Institutional Retirement, Philanthropy & Investments business, the Corporation's approximately 50 percent economic ownership of BlackRock and other
administrative items.
(5) Total assets include asset allocations to match liabilities (i.e., deposits).
presentation
71
2009 2008 2009 2009 2008 2008 2008
Investment and Brokerage Services
Merrill Lynch Global Wealth Management
Asset management fees $1,499 $172 $713 $786 $75 $84 $84
Brokerage income 1,469 349 716 753 163 157 179
Total $2,968 $521 $1,429 $1,539 $238 $241 $263
U.S. Trust
Asset management fees $632 $742 $325 $307 $292 $317 $375
Brokerage income 16 25 6 10 12 11 13
Total $648 $767 $331 $317 $304 $328 $388
Columbia Management
Brokerage income 1 2 1 - - - 1
Total $531 $801 $271 $260 $301 $394 $403
Other
Brokerage income 158 - 83 75 - - -
Total $393 $87 $199 $194 $37 $39 $41
Total Global Wealth & Investment Management

Asset management fees $2,896 $1,800 $1,424 $1,472 $705 $834 $902
Brokerage income 1,644 376 806 838 175 168 193
Total investment and brokerage services $4,540 $2,176 $2,230 $2,310 $880 $1,002 $1,095
Assets Under Management
Assets under management by business:

Merrill Lynch Global Wealth Management $239,888 $22,404 $239,888 $219,658 $16,682 $20,246 $22,404
U.S. Trust 180,902 210,969 180,902 179,142 178,657 199,682 210,969
Columbia Management 331,810 422,827 331,810 340,692 386,473 407,345 422,827
Institutional Retirement, Philanthropy & Investments 39,298 45,907 39,298 45,304 33,498 39,547 45,907
(1)
Eliminations (86,811) (113,001) (86,811) (87,550) (92,298) (102,621) (113,001)
International Wealth Management 129 353 129 125 147 239 353
Total assets under management $705,216 $589,459 $705,216 $697,371 $523,159 $564,438 $589,459
Assets under management rollforward:

Beginning balance $523,159 $643,531 $697,371 $523,159 $564,438 $589,459 $607,521
Merrill Lynch balance, January 1, 2009 246,292 - - 246,292 - - -
Net flows (70,306) (18,876) (27,071) (43,235) 12,596 7,477 (12,611)
Market valuation/other 6,071 (35,196) 34,916 (28,845) (53,875) (32,498) (5,451)
Ending balance $705,216 $589,459 $705,216 $697,371 $523,159 $564,438 $589,459
Assets under management mix:

Money market/other $215,637 $225,887 $215,637 $244,577 $253,310 $238,075 $225,887
Fixed income 204,974 107,687 204,974 198,177 102,747 102,596 107,687
Equity 284,605 255,885 284,605 254,617 167,102 223,767 255,885
g
Assets under management - domestic and foreign:
g
Domestic $685,492 $589,106 $685,492 $679,927 $523,012 $564,199 $589,106
Foreign 19,724 353 19,724 17,444 147 239 353
(2)
Client Brokerage Assets $1,164,171 $210,701 $1,164,171 $1,102,633 $172,106 $196,566 $210,701
Merrill Lynch Global Wealth Management Metrics
Number of financial advisors 15,008 1,974 15,008 15,822 2,007 1,964 1,974
(3)
Financial Advisor Productivity (in thousands) $813 $1,777 $816 $811 $1,576 $1,496 $1,793
(4)
Total client balances $1,321,502 $308,174 $1,321,502 $1,292,965 $290,661 $301,093 $308,174
U.S. Trust Metrics
Client facing associates 3,968 4,608 3,968 4,015 4,473 4,467 4,608
(4)
Total client balances $301,512 $357,575 $301,512 $301,151 $308,366 $344,004 $357,575
Columbia Management Performance Metrics
# of 4 or 5 Star Funds by Morningstar 47 50 47 49 53 53 50
(5)
% of Assets Under Management in 4 or 5 Star Rated Funds 46 % 64 % 46 % 49 % 62 % 64 % 64 %
(1) The elimination of assets under management that are managed by two lines of business
business.
(2) The January 1, 2009 acquisition of Merrill Lynch contributed $1.0 trillion to client brokerage assets.
(3) Financial advisor productivity is defined as annualized total revenue (excluding residual net interest income) divided by the total number of financial advisors. The decline in Financial Advisor
productivity in the first quarter 2009 compared to previous quarters results from the inclusion of Merrill Lynch financial advisors. Legacy Bank of America financial advisors historically
have had higher amounts of credit and banking activity in their portfolios.
(4) Client balances are defined as deposits, assets under management, client brokerage assets and other assets in custody.
(5) 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.
72
All Other (1, 2)
Net income increased $531 million to $757 million driven by an increase in total revenue and a current period income tax benefit of $1.7 billion due in
part to the release of a portion of a valuation allowance that was provided for an acquired capital loss carryforward, as well as other residual amounts
resulting from the recognition of tax benefits during interim periods. These items were partially offset by higher provision and merger and restructuring
charges. Net interest income increased $543 million resulting largely from the reclassification to card income related to our funds transfer pricing for
Global Card Services’ securitizations. This reclassification is performed to present our consolidated results on a held basis. In addition, net interest
income benefited from the addition of First Republic in 2009. Noninterest income increased $1.8 billion to $2.7 billion driven by the pre-tax gain of
$5.3 billion on the sale of a portion of our CCB investment and gains of $672 million on sales of agency mortgage-backed securities partially offset by a
decrease in all other income of $4.2 billion. The decrease in all other income was driven by the $3.6 billion negative credit valuation adjustment on
certain Merrill Lynch structured notes due to our narrowing credit spreads during the three months ended June 30, 2009. In addition, we recorded
other-than-temporary
h h i
impairments
i related
l d to non-agency collateralized
ll li d mortgage obligations
bli i off $639 million
illi related
l d to the
h ALM d debt
b securities
i i portfolio
f li
during the three months ended June 30, 2009. Provision for credit losses increased $2.4 billion to $3.0 billion. This increase was primarily due to
higher credit costs related to our ALM residential mortgage portfolio reflective of deterioration in the housing markets and the impacts of a weak
economy. Additionally, reserves were increased in the Countrywide discontinued real estate and Merrill Lynch residential mortgage SOP 03-3 portfolio
reflecting a reduction in expected principal cash flows. Merger and restructuring charges increased $617 million to $829 million due to the Merrill
Lynch acquisition. The Merrill Lynch acquisition was accounted for under the acquisition method of accounting in accordance with SFAS 141R which
requires the expensing of acquisition-related transaction and restructuring costs which were previously recorded as an adjustment to goodwill. As a
result, we recorded $580 million of merger and restructuring charges during the three months ended June 30, 2009 related to the Merrill Lynch
acquisition, the majority of which related to severance and employee-related charges.
Six months ended June 30
30, 2009 compared to six months ended June 30
30, 2008:
Net income increased to $3.7 billion driven by increases in net interest income of $848 million, noninterest income of $7.3 billion and a current period
income tax benefit of $979 million partially offset by higher provision of $3.6 billion and increased merger and restructuring charges of $1.2 billion.
These period-over-period changes were driven by the same factors as described above. In addition, during the first quarter of 2009 we recognized a
$1.9 billion pre-tax gain on the sale of CCB shares resulting in a pre-tax gain of $7.3 billion for the six months ended June 30, 2009. Further, we
recorded a positive credit valuation adjustment on certain Merrill Lynch structured notes of $2.2 billion during the first quarter of 2009 resulting in a
net negative credit valuation adjustment of $1.4 billion for the six months ended June 30, 2009.
2009 2008 2009 2009 2008 2008 2008
(3)
Net interest income $(3,477) $(3,771) $(1,588) $(1,889) $(1,857) $(2,326) $(1,913)
Noninterest income:
Card income 256 1,259 (278) 534 368 539 596
Equity investment income (loss) 7,305 977 5,979 1,326 (388) (327) 710
Gains (losses) on sales of debt securities 2,143 351 672 1,471 783 (3) 131
All other income (loss) (1,706) (349) (4,298) 2,592 (283) 112 (87)
Total noninterest income 7,998 2,238 2,075 5,923 480 321 1,350
Total revenue, net of interest expense 4,521 (1,533) 487 4,034 (1,377) (2,005) (563)
Provision for credit losses (4) (686) (2,161) (9) (677) (613) (996) (1,033)
All other noninterest expense 932 253 642 290 187 (24) 74
Income (loss) before income taxes 2,681 (7) (975) 3,656 (1,257) (1,232) 184
Income tax expense (benefit) (3) (979) 6 (1,732) 753 (520) (538) (42)
Net income (loss) $3,660 $(13) $757 $2,903 $(737) $(694) $226
Balance sheet
Average
T l lloans and
Total d leases
l $163,770
$163 770 $125,695
$125 695 $159,142
$159 142 $168,450
$168 450 $145,238
$145 238 $146,303
$146 303 $117,504
$117 504
Total deposits 108,757 $105,109 108,079 109,447 111,821 105,368 96,998
Period end
Total deposits 106,127 93,418 106,127 93,702 87,520 99,913 93,418
(1) All Other consists of equity investment activities including Global Principal Investments, Corporate Investments and Strategic Investments, the residential mortgage portfolio associated with ALM activities,
the residual impact of cost allocation processes, merger and restructuring charges, intersegment eliminations and the results of certain businesses that are expected to be or have been sold or are in the
process of being liquidated. All Other also includes certain amounts associated with ALM activities, including the residual impact of funds transfer pricing allocation methodologies, amounts associated with
the change in the value of derivatives used as economic hedges of interest rate and foreign exchange rate fluctuations that do not qualify for SFAS No. 133 “Accounting for Derivative instruments and
Hedging Activities, as amended” hedge accounting treatment, foreign exchange rate fluctuations related to SFAS No. 52, "Foreign Currency Translation" revaluation of foreign-denominated debt issuances,
certain gains (losses) on sales of whole mortgage loans, and gains (losses) on sales of debt securities. All Other also includes adjustments to noninterest income and income tax expense to remove the
FTE impact of items (primarily low-income housing tax credits) that have been grossed up within noninterest income to a FTE amount in the business segments. In addition, All Other includes the offsetting
securitization impact to present Global Card Services on a managed basis.
(2) Effective 1/1/09, as part of the Merrill Lynch acquisition, All Other includes the results of First Republic Bank as well as fair value adjustments related to certain Merrill Lynch structured notes.
(4) Provision for credit losses represents provision for credit losses in All Other combined with the Global Card Services securitization offset.
73
Global Principal Investments
Global Principal
p Investments ((GPI)) invests capital
p on behalf of the company
p y to enhance strategic
g ggrowth
opportunities and generate returns. GPI business units – BAML Capital Partners, BAML Global Strategic
Capital and BAML Real Estate Principal Investments – represent a diverse range of global investing
opportunities and successful partnerships with internal lines of business and clients.
BAML Capital Partners
BAML Capital Partners is a private equity and mezzanine capital investment group within the Global Principal
Investments ggroupp of Bank of America Merrill Lynch.
y The team has more than fifteen yyears of success in
providing junior capital for growth financings, buyouts, acquisitions and recapitalizations. The investment team
focuses on profitable middle-market and large capitalization companies with valuations from $50 million to
more than $5 billion.
Additional information on BAML Capital Partners can be found on their Web site at
www.bankofamerica.com/bamlcp.
BAML Global Strategic

g Capital
The BAML Global Strategic Capital (GSC) group originates, structures and executes direct equity investments,
private equity fund investments and hedge fund investments that are a strategic priority for Bank of America.
GSC also manages stock, warrants and other forms of equity received by Bank of America in financings,
restructurings or workouts of corporate loans. The GSC organization includes Strategic Equity Investments,
Environmental Investments, Strategic Fund Investments and Capital Access Funds (a fund-of-funds investor
focusing on underserved markets in the United States).
Additional information on Capital Access Funds can be found on their Web site at
www.bacapitalaccessfunds.com.
BAML Real Estate Principal Investments
BAML Real Estate Principal Investments manages and/or maintains investment positions in real estate and
real estate funds globally. The portfolio consists of legacy Merrill Lynch balance sheet financing as well as Real
Estate Private Equity Funds.
G lobal P rincipal Investments

E quity Investment
G lobal
l b l P rincipal
i i l IInvestments E x posures I
Income (L oss))
J une 30, 2009 J une 30, 2009

B ook U nfunded T hree S ix months
V alue C ommitments T otal months ended
G lobal P rincipal Investments:
G lobal P rivate E quity $4,289 $232 $4,521 $399 $44
G lobal R eal E state 2,486 460 2,946 (52) (85)
G lobal S trategic C apital 4,360 2,052 6,412 (41) (93)
Legacy/O ther Investments 751 65 816 (2) (28)
T otal G lobal P rincipal Investments $11,886 $2,809 $14,695 $304 $(162)
C ertain prior period amounts have been reclassified among the segments to conform to the current period presentation.
74

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Investor Fact Book

Mid Year 2009

Equity Investor Relations: Fixed Income Investor Relations:

Kevin Stitt 704.386.5667 Patricia Noneman 980.388.3591

Lee McEntire 704.388.6780 Jonathan Blum 212.449.3112

Julie Park 704.386.4472

Grace Yoon 212.449.7323

Internet address: http://investor.bankofamerica.com

All information is as of June 30, 2009, unless stated otherwise.

Walter E. Massey, (70)

Susan S. Bies, (62)

William P. Boardman, (67)

Frank P. Bramble, Sr., (60)

Virgis W. Colbert, (69)

Charles K. Gifford, (66)

D. Paul Jones, (66)

Kenneth D. Lewis, (61)

Monica C. Lozano, (52)

Thomas J. May, (61)

Donald E. Powell, (67)

Charles O. Rossotti, (68)

Thomas M. Ryan, (56)

Robert W. Scully, (59)

Bank of America Board of Directors as of August 21, 2009

TOP 10 U.S. BANKING COs. TOP 10 U.S. BANKING COs.

1. Bank of America ($5,233) 1. Bank of America ($255,152)

* Net income available to common

TOP 10 U.S. BANKING COs. TOP 10 U.S. BANKING COs.

1. Bank of America ($2,254) 1. JP Morgan Chase ($134)

June 30, 2009

Loans & leases 942,248

Domestic deposits 899,482

Foreign deposits 71,260

Shareholders' equity 255,152

Market capitalization 114,199

Market price 13.20

Common outstanding shares (in thousands) 8,651,459

Six Months Ended

Revenue, net of interest expense $68,532

Net income (loss) 7,471

Net income (loss), applicable to common shareholders 5,233

Diluted EPS 0.75

Banking centers (Domestic) 6,109

ATMs (Domestic) 18,426

Total U.S. Banking Centers: 6,109

Washington New Hampshire Maine

Total U.S. (Branded Only) ATMs: 18,426

Note that there is one branded ATM in Alaska

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

Fully tax able-equiv alent basis data

R econciliation to G A A P financial measures

R econciliation of averag e shareholders' equity to averag e tang ible shareholders' equity

R econciliation of period end assets to period end tang ible assets

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

P er common share information

Liabilities & Equity - 6/30/09

Short-Term Borrowings Foreign Deposits

Diluted Earnings Per Share - Annual

$2.24 $2.26 $2.30

Diluted Earnings Per Share - Quarterly

Dividends Per Share & Payout Ratio - Annual (1)

Dividends Per Share & Payout Ratio - Quarterly (1)

$0.64 $0.64 $0.64 $0.64 $0.64

$0.56 $0.56 222.6% 222.7%