Bank of America (BAC) 8-K Results of Operations and Financial Condition

Supplemental Information

Second Quarter 2012

This information is preliminary and based on company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America does not undertake an obligation to, and disclaims any duty to, update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in Bank of America’s reports filed with the SEC pursuant to the Securities Exchange Act of 1934, which are available at the SEC’s website (www.sec.gov) or at Bank of America’s website (www.bankofamerica.com). Bank of America’s future financial performance is subject to risks and uncertainties as described in its SEC filings.

Bank of America Corporation and Subsidiaries
Table of Contents	Page
Consolidated Financial Highlights	2
Supplemental Financial Data	3
Consolidated Statement of Income	4
Consolidated Statement of Comprehensive Income	5
Consolidated Balance Sheet	6
Capital Management	8
Net Interest Income Excluding Market-based Net Interest Income	9
Quarterly Average Balances and Interest Rates	10
Year-To-Date Average Balances and Interest Rates	12
Debt Securities and Available-for-Sale Marketable Equity Securities	14
Quarterly Results by Business Segment	15
Year-to-Date Results by Business Segment	16
Consumer & Business Banking
Total Segment Results	17
Business Results	18
Key Indicators	21
Consumer Real Estate Services
Total Segment Results	22
Business Results	23
Key Indicators	26
Global Banking
Total Segment Results	27
Key Indicators	28
Investment Banking Product Rankings	29
Global Markets
Total Segment Results	30
Key Indicators	31
Global Wealth & Investment Management
Total Segment Results	32
Key Indicators	33
All Other
Total Segment Results	34
Equity Investments	35
Outstanding Loans and Leases	36
Quarterly Average Loans and Leases by Business Segment	37
Commercial Credit Exposure by Industry	38
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating	39
Selected Emerging Markets	40
Selected European Countries	41
Nonperforming Loans, Leases and Foreclosed Properties	42
Nonperforming Loans, Leases and Foreclosed Properties Activity	43
Quarterly Net Charge-offs and Net Charge-off Ratios	44
Year-to-Date Net Charge-offs and Net Charge-off Ratios	45
Allocation of the Allowance for Credit Losses by Product Type	46
Exhibit A: Non-GAAP Reconciliations	47

Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Income statement
Net interest income	$	20,394		$	23,425		$	9,548		$	10,846		$	10,701		$	10,490		$	11,246
Noninterest income	23,852			16,688			12,420			11,432			14,187			17,963			1,990
Total revenue, net of interest expense	44,246			40,113			21,968			22,278			24,888			28,453			13,236
Provision for credit losses	4,191			7,069			1,773			2,418			2,934			3,407			3,255
Goodwill impairment	—			2,603			—			—			581			—			2,603
Merger and restructuring charges	—			361			—			—			101			176			159
All other noninterest expense (1)	36,189			40,175			17,048			19,141			18,840			17,437			20,094
Income tax expense (benefit)	750			(3,318		)	684			66			441			1,201			(4,049		)
Net income (loss)	3,116			(6,777		)	2,463			653			1,991			6,232			(8,826		)
Preferred stock dividends	690			611			365			325			407			343			301
Net income (loss) applicable to common shareholders	2,426			(7,388		)	2,098			328			1,584			5,889			(9,127		)
Diluted earnings (loss) per common share (2)	0.22			(0.73		)	0.19			0.03			0.15			0.56			(0.90		)
Average diluted common shares issued and outstanding (2)	11,509,945			10,085,479			11,556,011			10,761,917			11,124,523			10,464,395			10,094,928
Dividends paid per common share	$	0.02		$	0.02		$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Performance ratios
Return on average assets	0.29		%	n/m			0.45		%	0.12		%	0.36		%	1.07		%	n/m
Return on average common shareholders' equity	2.26			n/m			3.89			0.62			3.00			11.40			n/m
Return on average tangible common shareholders' equity (3)	3.47			n/m			5.95			0.95			4.72			18.30			n/m
Return on average tangible shareholders' equity (3)	3.94			n/m			6.16			1.67			5.20			17.03			n/m
At period end
Book value per share of common stock	$	20.16		$	20.29		$	20.16		$	19.83		$	20.09		$	20.80		$	20.29
Tangible book value per share of common stock (3)	13.22			12.65			13.22			12.87			12.95			13.22			12.65
Market price per share of common stock:
Closing price	$	8.18		$	10.96		$	8.18		$	9.57		$	5.56		$	6.12		$	10.96
High closing price for the period	9.93			15.25			9.68			9.93			7.35			11.09			13.72
Low closing price for the period	5.80			10.50			6.83			5.80			4.99			6.06			10.50
Market capitalization	88,155			111,060			88,155			103,123			58,580			62,023			111,060
Number of banking centers - U.S.	5,594			5,742			5,594			5,651			5,702			5,715			5,742
Number of branded ATMs - U.S.	16,220			17,817			16,220			17,255			17,756			17,752			17,817
Full-time equivalent employees	275,460			288,084			275,460			278,688			281,791			288,739			288,084

⁽¹⁾  Excludes merger and restructuring charges and goodwill impairment charges.

⁽²⁾  Due to a net loss applicable to common shareholders for the second quarter of 2011, the impact of antidilutive equity instruments was excluded from diluted earnings per share and average diluted common shares.

⁽³⁾  Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate non-GAAP financial measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

n/m = not meaningful

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

This information is preliminary and based on company data available at the time of the presentation. 2

Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions, except per share information)
Fully taxable-equivalent (FTE) basis data(1)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net interest income	$	20,835		$	23,890		$	9,782		$	11,053		$	10,959		$	10,739		$	11,493
Total revenue, net of interest expense	44,687			40,578			22,202			22,485			25,146			28,702			13,483
Net interest yield (2)	2.36		%	2.58		%	2.21		%	2.51		%	2.45		%	2.32		%	2.50		%
Efficiency ratio	80.98			n/m			76.79			85.13			77.64			61.37			n/m
Performance ratios, excluding goodwill impairment charges(3, 4)
				Six Months Ended June 30, 2011									Fourth Quarter 2011						Second Quarter 2011
Per common share information
Earnings (loss)				$	(0.48	)							$	0.21					$	(0.65	)
Diluted earnings (loss)				(0.48		)							0.20						(0.65		)
Efficiency ratio (FTE basis)				n/m									75.33		%				n/m
Return on average assets				n/m									0.46						n/m
Return on average common shareholders’ equity				n/m									4.10						n/m
Return on average tangible common shareholders’ equity				n/m									6.46						n/m
Return on average tangible shareholders’ equity				n/m									6.72						n/m

⁽¹⁾  FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

⁽²⁾  Calculation includes fees earned on overnight deposits placed with the Federal Reserve of $99 million and $112 million for the six months ended June 30, 2012 and 2011; $52 million and $47 million for the second and first quarters of 2012, and $36 million, $38 million and $49 million for the fourth, third and second quarters of 2011, respectively. For more information, see Quarterly and Year-to-Date Average Balances and Interest Rates - Fully Taxable-equivalent Basis on pages 10-11 and 12-13.

⁽³⁾  Performance ratios, excluding goodwill impairment charges, are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

⁽⁴⁾  There were no goodwill impairment charges for the second and first quarters of 2012, and the third quarter of 2011.

n/m = not meaningful

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

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

Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(Dollars in millions, except per share information; shares in thousands)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Interest income
Loans and leases	$	19,917		$	23,249		$	9,744		$	10,173		$	10,512		$	11,205		$	11,320
Debt securities	4,627			5,557			1,902			2,725			2,235			1,729			2,675
Federal funds sold and securities borrowed or purchased under agreements to resell	820			1,114			360			460			449			584			597
Trading account assets	2,598			3,164			1,246			1,352			1,297			1,500			1,538
Other interest income	1,491			1,886			740			751			920			835			918
Total interest income	29,453			34,970			13,992			15,461			15,413			15,853			17,048
Interest expense
Deposits	1,068			1,682			519			549			616			704			843
Short-term borrowings	1,824			2,525			943			881			921			1,153			1,341
Trading account liabilities	925			1,254			448			477			411			547			627
Long-term debt	5,242			6,084			2,534			2,708			2,764			2,959			2,991
Total interest expense	9,059			11,545			4,444			4,615			4,712			5,363			5,802
Net interest income	20,394			23,425			9,548			10,846			10,701			10,490			11,246
Noninterest income
Card income	3,035			3,795			1,578			1,457			1,478			1,911			1,967
Service charges	3,846			4,044			1,934			1,912			1,982			2,068			2,012
Investment and brokerage services	5,723			6,110			2,847			2,876			2,694			3,022			3,009
Investment banking income	2,363			3,262			1,146			1,217			1,013			942			1,684
Equity investment income	1,133			2,687			368			765			3,227			1,446			1,212
Trading account profits	3,839			4,813			1,764			2,075			280			1,604			2,091
Mortgage banking income (loss)	3,271			(12,566		)	1,659			1,612			2,119			1,617			(13,196		)
Insurance income (loss)	67			1,013			127			(60		)	143			190			400
Gains on sales of debt securities	1,152			1,445			400			752			1,192			737			899
Other income (loss)	(531		)	2,218			603			(1,134		)	140			4,511			1,957
Other-than-temporary impairment losses on available-for-sale debt securities:
Total other-than-temporary impairment losses	(62		)	(157		)	(13		)	(51		)	(127		)	(114		)	(63		)
Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income	16			24			7			11			46			29			18
Net impairment losses recognized in earnings on available-for-sale debt securities	(46		)	(133		)	(6		)	(40		)	(81		)	(85		)	(45		)
Total noninterest income	23,852			16,688			12,420			11,432			14,187			17,963			1,990
Total revenue, net of interest expense	44,246			40,113			21,968			22,278			24,888			28,453			13,236
Provision for credit losses	4,191			7,069			1,773			2,418			2,934			3,407			3,255
Noninterest expense
Personnel	18,917			19,339			8,729			10,188			8,761			8,865			9,171
Occupancy	2,259			2,434			1,117			1,142			1,131			1,183			1,245
Equipment	1,157			1,199			546			611			525			616			593
Marketing	914			1,124			449			465			523			556			560
Professional fees	1,705			1,412			922			783			1,032			937			766
Amortization of intangibles	640			767			321			319			365			377			382
Data processing	1,548			1,338			692			856			688			626			643
Telecommunications	817			762			417			400			386			405			391
Other general operating	8,232			11,800			3,855			4,377			5,429			3,872			6,343
Goodwill impairment	—			2,603			—			—			581			—			2,603
Merger and restructuring charges	—			361			—			—			101			176			159
Total noninterest expense	36,189			43,139			17,048			19,141			19,522			17,613			22,856
Income (loss) before income taxes	3,866			(10,095		)	3,147			719			2,432			7,433			(12,875		)
Income tax expense (benefit)	750			(3,318		)	684			66			441			1,201			(4,049		)
Net income (loss)	$	3,116		$	(6,777	)	$	2,463		$	653		$	1,991		$	6,232		$	(8,826	)
Preferred stock dividends	690			611			365			325			407			343			301
Net income (loss) applicable to common shareholders	$	2,426		$	(7,388	)	$	2,098		$	328		$	1,584		$	5,889		$	(9,127	)
Per common share information
Earnings (loss)	$	0.23		$	(0.73	)	$	0.19		$	0.03		$	0.15		$	0.58		$	(0.90	)
Diluted earnings (loss) (1)	0.22			(0.73		)	0.19			0.03			0.15			0.56			(0.90		)
Dividends paid	0.02			0.02			0.01			0.01			0.01			0.01			0.01
Average common shares issued and outstanding	10,714,881			10,085,479			10,775,695			10,651,367			10,281,397			10,116,284			10,094,928
Average diluted common shares issued and outstanding (1)	11,509,945			10,085,479			11,556,011			10,761,917			11,124,523			10,464,395			10,094,928

⁽¹⁾  Due to a net loss applicable to common shareholders for the second quarter of 2011, the impact of antidilutive equity instruments was excluded from diluted earnings per share and average diluted common shares.

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

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

Bank of America Corporation and Subsidiaries
Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net income (loss)	$	3,116		$	(6,777	)	$	2,463		$	653		$	1,991		$	6,232		$	(8,826	)
Other comprehensive income, net of tax:
Net change in available-for-sale debt and marketable equity securities	606			754			1,530			(924		)	(2,866		)	(2,158		)	593
Net change in derivatives	301			(66		)	(81		)	382			281			(764		)	(332		)
Employee benefit plan adjustments	1,031			138			79			952			(648		)	66			63
Net change in foreign currency translation adjustments	(1		)	33			(32		)	31			(133		)	(8		)	6
Other comprehensive income (loss)	1,937			859			1,496			441			(3,366		)	(2,864		)	330
Comprehensive income (loss)	$	5,053		$	(5,918	)	$	3,959		$	1,094		$	(1,375	)	$	3,368		$	(8,496	)

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

This information is preliminary and based on company data available at the time of the presentation. 5

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
	June 30 2012			March 31 2012			June 30 2011
Assets
Cash and cash equivalents	$	123,717		$	128,792		$	119,527
Time deposits placed and other short-term investments	22,350			20,479			20,291
Federal funds sold and securities borrowed or purchased under agreements to resell	226,116			225,784			235,181
Trading account assets	204,725			209,775			196,939
Derivative assets	59,939			59,051			66,598
Debt securities:
Available-for-sale	300,049			297,040			330,871
Held-to-maturity, at cost	35,168			34,205			181
Total debt securities	335,217			331,245			331,052
Loans and leases	892,315			902,294			941,257
Allowance for loan and lease losses	(30,288		)	(32,211		)	(37,312		)
Loans and leases, net of allowance	862,027			870,083			903,945
Premises and equipment, net	12,653			13,104			13,793
Mortgage servicing rights (includes $5,708, $7,589 and $12,372 measured at fair value)	5,880			7,723			12,642
Goodwill	69,976			69,976			71,074
Intangible assets	7,335			7,696			9,176
Loans held-for-sale	13,289			12,973			20,092
Customer and other receivables	71,458			74,358			86,550
Other assets	146,172			150,410			174,459
Total assets	$	2,160,854		$	2,181,449		$	2,261,319
Assets of consolidated VIEs included in total assets above (substantially all pledged as collateral)
Trading account assets	$	8,499		$	8,920		$	10,746
Derivative assets	1,007			1,109			2,293
Available-for-sale debt securities	—			—			251
Loans and leases	128,385			133,742			151,928
Allowance for loan and lease losses	(4,074		)	(4,509		)	(6,367		)
Loans and leases, net of allowance	124,311			129,233			145,561
Loans held-for-sale	2,163			1,577			1,561
All other assets	4,113			3,118			7,115
Total assets of consolidated VIEs	$	140,093		$	143,957		$	167,527

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

This information is preliminary and based on company data available at the time of the presentation. 6

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
(Dollars in millions)
	June 30 2012			March 31 2012			June 30 2011
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	343,308		$	338,215		$	301,558
Interest-bearing	621,076			630,822			647,480
Deposits in non-U.S. offices:
Noninterest-bearing	6,871			7,240			6,555
Interest-bearing	63,970			65,034			82,815
Total deposits	1,035,225			1,041,311			1,038,408
Federal funds purchased and securities loaned or sold under agreements to repurchase	285,914			258,491			239,521
Trading account liabilities	77,458			70,414			74,989
Derivative liabilities	51,515			49,172			54,414
Commercial paper and other short-term borrowings	39,019			39,254			50,632
Accrued expenses and other liabilities (includes $574, $651 and $897 of reserve for unfunded lending commitments)	133,900			135,396			154,520
Long-term debt	301,848			354,912			426,659
Total liabilities	1,924,879			1,948,950			2,039,143
Shareholders’ equity
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 3,685,410, 3,685,410 and 3,943,660 shares	18,762			18,788			16,562
Common stock and additional paid-in capital, $0.01 par value; authorized - 12,800,000,000 shares; issued and outstanding - 10,776,869,270, 10,775,604,276 and 10,133,189,501 shares	158,001			157,973			151,567
Retained earnings	62,712			60,734			53,254
Accumulated other comprehensive income (loss)	(3,500		)	(4,996		)	793
Total shareholders’ equity	235,975			232,499			222,176
Total liabilities and shareholders’ equity	$	2,160,854		$	2,181,449		$	2,261,319
Liabilities of consolidated VIEs included in total liabilities above
Commercial paper and other short-term borrowings	$	4,449		$	5,598		$	5,421
Long-term debt	38,456			44,267			64,745
All other liabilities	1,161			978			1,127
Total liabilities of consolidated VIEs	$	44,066		$	50,843		$	71,293

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

This information is preliminary and based on company data available at the time of the presentation. 7

Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
Risk-based capital (1):
Tier 1 common	$	134,082		$	131,602		$	126,690		$	117,658		$	114,684
Tier 1 capital	164,665			163,199			159,232			156,074			153,134
Total capital	208,936			213,480			215,101			215,596			217,986
Risk-weighted assets	1,193,422			1,220,827			1,284,467			1,359,564			1,392,747
Tier 1 common capital ratio (2)	11.24		%	10.78		%	9.86		%	8.65		%	8.23		%
Tier 1 capital ratio	13.80			13.37			12.40			11.48			11.00
Total capital ratio	17.51			17.49			16.75			15.86			15.65
Tier 1 leverage ratio	7.82			7.79			7.53			7.11			6.86
Tangible equity ratio (3)	7.73			7.48			7.54			7.16			6.63
Tangible common equity ratio (3)	6.83			6.58			6.64			6.25			5.87

⁽¹⁾  Reflects preliminary data for current period risk-based capital.

⁽²⁾  Tier 1 common capital ratio equals Tier 1 capital excluding preferred stock, trust preferred securities, hybrid securities and minority interest divided by risk-weighted assets.

⁽³⁾  Tangible equity ratio equals period-end tangible shareholders’ equity divided by period-end tangible assets. Tangible common equity equals period-end tangible common shareholders’ equity divided by period-end tangible assets. Tangible shareholders’ equity and tangible assets are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. (See Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on pages 47-50.)

*Preliminary data on risk-based capital 

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

This information is preliminary and based on company data available at the time of the presentation. 8

Bank of America Corporation and Subsidiaries
Net Interest Income Excluding Market-based Net Interest Income
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net interest income (FTE basis)
As reported (1)	$	20,835		$	23,890		$	9,782		$	11,053		$	10,959		$	10,739		$	11,493
Impact of market-based net interest income (2)	(1,449		)	(1,894		)	(653		)	(796		)	(866		)	(929		)	(874		)
Net interest income excluding market-based net interest income	$	19,386		$	21,996		$	9,129		$	10,257		$	10,093		$	9,810		$	10,619
Average earning assets
As reported	$	1,770,336		$	1,857,124		$	1,772,568		$	1,768,105		$	1,783,986		$	1,841,135		$	1,844,525
Impact of market-based earning assets (2)	(434,447		)	(461,526		)	(444,537		)	(424,358		)	(414,136		)	(445,431		)	(457,845		)
Average earning assets excluding market-based earning assets	$	1,335,889		$	1,395,598		$	1,328,031		$	1,343,747		$	1,369,850		$	1,395,704		$	1,386,680
Net interest yield contribution (FTE basis) (3)
As reported (1)	2.36		%	2.58		%	2.21		%	2.51		%	2.45		%	2.32		%	2.50		%
Impact of market-based activities (2)	0.55			0.58			0.55			0.55			0.49			0.48			0.57
Net interest yield on earning assets excluding market-based activities	2.91		%	3.16		%	2.76		%	3.06		%	2.94		%	2.80		%	3.07		%

⁽¹⁾  Net interest income and net interest yield include fees earned on overnight deposits placed with the Federal Reserve of $99 million and $112 million for the six months ended June 30, 2012 and 2011; $52 million and $47 million for the second and first quarters of 2012, and $36 million, $38 million and $49 million for the fourth, third and second quarters of 2011, respectively.

⁽²⁾  Represents the impact of market-based amounts included in Global Markets.

⁽³⁾  Calculated on an annualized basis.

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

This information is preliminary and based on company data available at the time of the presentation. 9

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates - Fully Taxable-equivalent Basis
(Dollars in millions)
	Second Quarter 2012						First Quarter 2012						Second Quarter 2011
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments (1)	$	27,476	$	64	0.94	%	$	31,404	$	65	0.83	%	$	27,298	$	106	1.56	%
Federal funds sold and securities borrowed or purchased under agreements to resell	234,148		360		0.62		233,061		460		0.79		259,069		597		0.92
Trading account assets	180,694		1,302		2.89		175,778		1,399		3.19		186,760		1,576		3.38
Debt securities (2)	342,244		1,907		2.23		327,758		2,732		3.33		335,269		2,696		3.22
Loans and leases (3):
Residential mortgage	255,349		2,462		3.86		260,573		2,489		3.82		265,420		2,763		4.16
Home equity	119,657		1,090		3.66		122,933		1,164		3.80		131,786		1,261		3.83
Discontinued real estate	11,144		94		3.36		12,082		103		3.42		15,997		129		3.22
U.S. credit card	95,018		2,356		9.97		98,334		2,459		10.06		106,164		2,718		10.27
Non-U.S. credit card	13,641		396		11.68		14,151		408		11.60		27,259		760		11.18
Direct/Indirect consumer	84,198		733		3.50		88,321		801		3.65		89,403		945		4.24
Other consumer	2,565		41		6.41		2,617		40		6.24		2,745		47		6.76
Total consumer	581,572		7,172		4.95		599,011		7,464		5.00		638,774		8,623		5.41
U.S. commercial	199,644		1,742		3.51		195,111		1,756		3.62		190,479		1,827		3.85
Commercial real estate	37,627		323		3.46		39,190		339		3.48		45,762		382		3.35
Commercial lease financing	21,446		216		4.02		21,679		272		5.01		21,284		235		4.41
Non-U.S. commercial	59,209		369		2.50		58,731		391		2.68		42,214		339		3.22
Total commercial	317,926		2,650		3.35		314,711		2,758		3.52		299,739		2,783		3.72
Total loans and leases	899,498		9,822		4.38		913,722		10,222		4.49		938,513		11,406		4.87
Other earning assets	88,508		719		3.26		86,382		743		3.46		97,616		866		3.56
Total earning assets (4)	1,772,568		14,174		3.21		1,768,105		15,621		3.55		1,844,525		17,247		3.75
Cash and cash equivalents (1)	116,025		52				112,512		47				115,956		49
Other assets, less allowance for loan and lease losses	305,970						306,557						378,629
Total assets	$	2,194,563					$	2,187,174					$	2,339,110

⁽¹⁾  For this presentation, fees earned on overnight deposits placed with the Federal Reserve are included in the cash and cash equivalents line, consistent with the Corporation’s Consolidated Balance Sheet presentation of these deposits. Net interest income and net interest yield are calculated excluding these fees.

⁽²⁾  Yields on available-for-sale debt securities are calculated based on fair value rather than the cost basis. The use of fair value does not have a material impact on net interest yield.

⁽³⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

⁽⁴⁾  The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

	Second Quarter 2012				First Quarter 2012				Second Quarter 2011
Federal funds sold and securities borrowed or purchased under agreements to resell		$	36			$	51			$	43
Trading account assets		—				—				(88		)
Debt securities		(386		)		(140		)		(681		)
U.S. commercial		(16		)		(16		)		(11		)
Non-U.S. commercial		—				(1		)		(2		)
Net hedge expenses on assets		$	(366	)		$	(106	)		$	(739	)

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

This information is preliminary and based on company data available at the time of the presentation. 10

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates - Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Second Quarter 2012						First Quarter 2012						Second Quarter 2011
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	42,394	$	14	0.13	%	$	40,543	$	14	0.14	%	$	41,668	$	31	0.30	%
NOW and money market deposit accounts	460,788		188		0.16		458,649		186		0.16		478,690		304		0.25
Consumer CDs and IRAs	96,858		171		0.71		100,044		194		0.78		113,728		281		0.99
Negotiable CDs, public funds and other deposits	21,661		35		0.65		22,586		36		0.64		13,842		42		1.22
Total U.S. interest-bearing deposits	621,701		408		0.26		621,822		430		0.28		647,928		658		0.41
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	14,598		25		0.69		18,170		28		0.62		19,234		37		0.77
Governments and official institutions	895		1		0.37		1,286		1		0.41		2,131		2		0.38
Time, savings and other	52,584		85		0.65		55,241		90		0.66		64,889		146		0.90
Total non-U.S. interest-bearing deposits	68,077		111		0.65		74,697		119		0.64		86,254		185		0.86
Total interest-bearing deposits	689,778		519		0.30		696,519		549		0.32		734,182		843		0.46
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings	318,909		943		1.19		293,056		881		1.21		338,692		1,342		1.59
Trading account liabilities	84,728		448		2.13		71,872		477		2.67		96,108		627		2.62
Long-term debt	333,173		2,534		3.05		363,518		2,708		2.99		435,144		2,991		2.75
Total interest-bearing liabilities (1)	1,426,588		4,444		1.25		1,424,965		4,615		1.30		1,604,126		5,803		1.45
Noninterest-bearing sources:
Noninterest-bearing deposits	343,110						333,593						301,762
Other liabilities	189,307						196,050						198,155
Shareholders’ equity	235,558						232,566						235,067
Total liabilities and shareholders’ equity	$	2,194,563					$	2,187,174					$	2,339,110
Net interest spread					1.96	%					2.25	%					2.30	%
Impact of noninterest-bearing sources					0.24						0.25						0.19
Net interest income/yield on earning assets (2)			$	9,730	2.20	%			$	11,006	2.50	%			$	11,444	2.49	%

⁽¹⁾  The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

	Second Quarter 2012				First Quarter 2012				Second Quarter 2011
NOW and money market deposit accounts		$	(1	)		$	—			$	—
Consumer CDs and IRAs		22				34				46
Negotiable CDs, public funds and other deposits		4				3				3
Banks located in non-U.S. countries		3				4				16
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings		307				325				511
Long-term debt		(926		)		(1,024		)		(1,201		)
Net hedge income on liabilities		$	(591	)		$	(658	)		$	(625	)

⁽²⁾  For this presentation, fees earned on overnight deposits placed with the Federal Reserve are included in the cash and cash equivalents line, consistent with the Corporation's Consolidated Balance Sheet presentation of these deposits. Net interest income and net interest yield are calculated excluding these fees.

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

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

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates - Fully Taxable-equivalent Basis
(Dollars in millions)
	Six Months Ended June 30
	2012						2011
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments (1)	$	29,440	$	129	0.88	%	$	29,285	$	194	1.34	%
Federal funds sold and securities borrowed or purchased under agreements to resell	233,604		820		0.71		243,311		1,114		0.92
Trading account assets	178,236		2,701		3.04		203,806		3,245		3.21
Debt securities (2)	335,001		4,639		2.77		335,556		5,613		3.35
Loans and leases (3):
Residential mortgage	257,961		4,951		3.84		263,744		5,644		4.28
Home equity	121,295		2,254		3.73		133,926		2,596		3.90
Discontinued real estate	11,613		197		3.39		14,457		239		3.31
U.S. credit card	96,676		4,815		10.02		108,042		5,555		10.37
Non-U.S. credit card	13,896		804		11.64		27,445		1,539		11.31
Direct/Indirect consumer	86,259		1,534		3.58		89,748		1,938		4.36
Other consumer	2,592		81		6.33		2,748		92		6.75
Total consumer	590,292		14,636		4.98		640,110		17,603		5.53
U.S. commercial	197,377		3,498		3.56		190,914		3,753		3.96
Commercial real estate	38,408		662		3.47		47,053		819		3.51
Commercial lease financing	21,563		488		4.52		21,458		557		5.18
Non-U.S. commercial	58,970		760		2.59		39,203		638		3.28
Total commercial	316,318		5,408		3.44		298,628		5,767		3.89
Total loans and leases	906,610		20,044		4.44		938,738		23,370		5.01
Other earning assets	87,445		1,462		3.36		106,428		1,788		3.39
Total earning assets (4)	1,770,336		29,795		3.38		1,857,124		35,324		3.84
Cash and cash equivalents (1)	114,268		99				127,037		112
Other assets, less allowance for loan and lease losses	306,264						354,665
Total assets	$	2,190,868					$	2,338,826

⁽¹⁾  For this presentation, fees earned on overnight deposits placed with the Federal Reserve are included in the cash and cash equivalents line, consistent with the Corporation’s Consolidated Balance Sheet presentation of these deposits. Net interest income and net interest yield in the table are calculated excluding these fees.

⁽²⁾  Yields on available-for-sale debt securities are calculated based on fair value rather than the cost basis. The use of fair value does not have a material impact on net interest yield.

⁽³⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

⁽⁴⁾  The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

	2012				2011
Federal funds sold and securities borrowed or purchased under agreements to resell		$	87			$	98
Trading account assets		—				(158		)
Debt securities		(526		)		(1,043		)
U.S. commercial		(32		)		(22		)
Non-U.S. commercial		(1		)		(2		)
Net hedge expenses on assets		$	(472	)		$	(1,127	)

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

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

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates - Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Six Months Ended June 30
	2012						2011
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	41,468	$	28	0.13	%	$	40,294	$	63	0.32	%
NOW and money market deposit accounts	459,718		374		0.16		477,330		620		0.26
Consumer CDs and IRAs	98,451		365		0.75		116,004		581		1.01
Negotiable CDs, public funds and other deposits	22,125		71		0.64		13,918		81		1.17
Total U.S. interest-bearing deposits	621,762		838		0.27		647,546		1,345		0.42
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	16,384		53		0.65		20,378		75		0.74
Governments and official institutions	1,091		2		0.40		2,219		4		0.36
Time, savings and other	53,912		175		0.65		62,673		258		0.83
Total non-U.S. interest-bearing deposits	71,387		230		0.65		85,270		337		0.80
Total interest-bearing deposits	693,149		1,068		0.31		732,816		1,682		0.46
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings	305,981		1,824		1.20		355,042		2,526		1.43
Trading account liabilities	78,300		925		2.38		90,044		1,254		2.81
Long-term debt	348,346		5,242		3.02		437,812		6,084		2.80
Total interest-bearing liabilities (1)	1,425,776		9,059		1.28		1,615,714		11,546		1.44
Noninterest-bearing sources:
Noninterest-bearing deposits	338,351						296,762
Other liabilities	192,679						193,420
Shareholders’ equity	234,062						232,930
Total liabilities and shareholders’ equity	$	2,190,868					$	2,338,826
Net interest spread					2.10	%					2.40	%
Impact of noninterest-bearing sources					0.25						0.17
Net interest income/yield on earning assets (2)			$	20,736	2.35	%			$	23,778	2.57	%

⁽¹⁾  The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased(decreased) interest expense on:

	2012				2011
NOW and money market deposit accounts		$	(1	)		$	(1	)
Consumer CDs and IRAs		56				93
Negotiable CDs, public funds and other deposits		7				7
Banks located in non-U.S. countries		7				34
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings		632				956
Long-term debt		(1,950		)		(2,335		)
Net hedge income on liabilities		$	(1,249	)		$	(1,246	)

⁽²⁾  For this presentation, fees earned on overnight deposits placed with the Federal Reserve are included in the cash and cash equivalents line, consistent with the Corporation's Consolidated Balance Sheet presentation of these deposits. Net interest income and net interest yield are calculated excluding these fees.

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

This information is preliminary and based on company data available at the time of the presentation. 13

Bank of America Corporation and Subsidiaries
Debt Securities and Available-for-Sale Marketable Equity Securities
(Dollars in millions)
	June 30, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
U.S. Treasury and agency securities	$	30,034	$	237	$	(440	)	$	29,831
Mortgage-backed securities:
Agency	189,167		5,075		(51		)	194,191
Agency collateralized mortgage obligations	38,553		752		(156		)	39,149
Non-agency residential	10,514		256		(255		)	10,515
Non-agency commercial	3,751		376		—			4,127
Non-U.S. securities	5,736		37		(8		)	5,765
Corporate bonds	2,073		75		(26		)	2,122
Other taxable securities (1)	11,494		68		(40		)	11,522
Total taxable securities	$	291,322	$	6,876	$	(976	)	$	297,222
Tax-exempt securities	2,862		17		(52		)	2,827
Total available-for-sale debt securities	$	294,184	$	6,893	$	(1,028	)	$	300,049
Held-to-maturity debt securities	35,168		826		—			35,994
Total debt securities	$	329,352	$	7,719	$	(1,028	)	$	336,043
Available-for-sale marketable equity securities (2)	$	62	$	27	$	(6	)	$	83
	March 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
U.S. Treasury and agency securities	$	40,609	$	231	$	(874	)	$	39,966
Mortgage-backed securities:
Agency	172,335		3,177		(421		)	175,091
Agency collateralized mortgage obligations	41,698		802		(145		)	42,355
Non-agency residential	11,398		300		(228		)	11,470
Non-agency commercial	4,333		567		(1		)	4,899
Non-U.S. securities	6,530		56		(18		)	6,568
Corporate bonds	2,364		85		(28		)	2,421
Other taxable securities (1)	10,595		74		(52		)	10,617
Total taxable securities	$	289,862	$	5,292	$	(1,767	)	$	293,387
Tax-exempt securities	3,694		16		(57		)	3,653
Total available-for-sale debt securities	$	293,556	$	5,308	$	(1,824	)	$	297,040
Held-to-maturity debt securities	34,205		246		(11		)	34,440
Total debt securities	$	327,761	$	5,554	$	(1,835	)	$	331,480
Available-for-sale marketable equity securities (2)	$	64	$	28	$	(5	)	$	87

⁽¹⁾  Substantially all asset-backed securities.

⁽²⁾  Classified in other assets on the Consolidated Balance Sheet.

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

This information is preliminary and based on company data available at the time of the presentation. 14

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment
(Dollars in millions)
	Second Quarter 2012
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	9,782		$	4,704	$	714		$	2,184		$	650		$	1,446	$	84
Noninterest income	12,420			2,622		1,807			2,101			2,715			2,871		304
Total revenue, net of interest expense (FTE basis)	22,202			7,326		2,521			4,285			3,365			4,317		388
Provision for credit losses	1,773			1,131		186			(113		)	(14		)	47		536
Noninterest expense	17,048			4,359		3,556			2,165			2,711			3,408		849
Income (loss) before income taxes	3,381			1,836		(1,221		)	2,233			668			862		(997		)
Income tax expense (benefit) (FTE basis)	918			680		(453		)	827			206			319		(661		)
Net income (loss)	$	2,463		$	1,156	$	(768	)	$	1,406		$	462		$	543	$	(336	)
Average
Total loans and leases	$	899,498		$	136,872	$	106,725		$	267,812		n/m			$	104,102	$	257,341
Total assets (1)	2,194,563			531,747		152,777			341,044			$	581,952		276,914		310,129
Total deposits	1,032,888			476,580		n/m			239,054			n/m			251,121		31,274
Period end
Total loans and leases	$	892,315		$	135,523	$	105,304		$	265,393		n/m			$	105,395	$	253,505
Total assets (1)	2,160,854			537,647		147,638			340,559			$	561,815		277,988		295,207
Total deposits	1,035,225			481,939		n/m			241,344			n/m			249,755		27,157
	First Quarter 2012
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	11,053		$	5,080	$	775		$	2,399		$	798		$	1,578	$	423
Noninterest income (loss)	11,432			2,342		1,899			2,051			3,395			2,782		(1,037		)
Total revenue, net of interest expense (FTE basis)	22,485			7,422		2,674			4,450			4,193			4,360		(614		)
Provision for credit losses	2,418			877		507			(238		)	(20		)	46		1,246
Noninterest expense	19,141			4,247		3,905			2,177			3,076			3,450		2,286
Income (loss) before income taxes	926			2,298		(1,738		)	2,511			1,137			864		(4,146		)
Income tax expense (benefit) (FTE basis)	273			843		(593		)	921			339			317		(1,554		)
Net income (loss)	$	653		$	1,455	$	(1,145	)	$	1,590		$	798		$	547	$	(2,592	)
Average
Total loans and leases	$	913,722		$	141,578	$	110,755		$	277,074		n/m			$	103,036	$	264,112
Total assets (1)	2,187,174			523,658		159,105			348,417			$	558,594		284,926		312,474
Total deposits	1,030,112			466,240		n/m			237,531			n/m			252,705		39,774
Period end
Total loans and leases	$	902,294		$	138,909	$	109,264		$	272,279		n/m			$	102,903	$	260,005
Total assets (1)	2,181,449			543,855		158,207			340,645			$	548,558		278,185		311,999
Total deposits	1,041,311			486,162		n/m			237,602			n/m			252,755		30,150
	Second Quarter 2011
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	11,493		$	5,549	$	579		$	2,375		$	874		$	1,573	$	543
Noninterest income (loss)	1,990			3,132		(11,894		)	2,284			3,539			2,922		2,007
Total revenue, net of interest expense (FTE basis)	13,483			8,681		(11,315		)	4,659			4,413			4,495		2,550
Provision for credit losses	3,255			400		1,507			(557		)	(8		)	72		1,841
Noninterest expense	22,856			4,377		8,625			2,221			3,263			3,624		746
Income (loss) before income taxes	(12,628		)	3,904		(21,447		)	2,995			1,158			799		(37		)
Income tax expense (benefit) (FTE basis)	(3,802		)	1,402		(6,941		)	1,074			247			286		130
Net income (loss)	$	(8,826	)	$	2,502	$	(14,506	)	$	1,921		$	911		$	513	$	(167	)
Average
Total loans and leases	$	938,513		$	155,122	$	121,683		$	260,144		n/m			$	102,201	$	287,840
Total assets (1)	2,339,110			523,258		198,030			331,084			$	622,915		289,262		374,561
Total deposits	1,035,944			467,179		n/m			235,662			n/m			255,432		48,109
Period end
Total loans and leases	$	941,257		$	153,391	$	121,553		$	263,065		n/m			$	102,878	$	287,424
Total assets (1)	2,261,319			521,823		185,398			340,535			$	561,361		284,504		367,698
Total deposits	1,038,408			465,457		n/m			244,025			n/m			255,796		43,768

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

This information is preliminary and based on company data available at the time of the presentation. 15

Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment
(Dollars in millions)
	Six Months Ended June 30, 2012
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	20,835		$	9,784	$	1,489		$	4,583		$	1,448		$	3,024	$	507
Noninterest income (loss)	23,852			4,964		3,706			4,152			6,110			5,653		(733		)
Total revenue, net of interest expense (FTE basis)	44,687			14,748		5,195			8,735			7,558			8,677		(226		)
Provision for credit losses	4,191			2,008		693			(351		)	(34		)	93		1,782
Noninterest expense	36,189			8,606		7,461			4,342			5,787			6,858		3,135
Income (loss) before income taxes	4,307			4,134		(2,959		)	4,744			1,805			1,726		(5,143		)
Income tax expense (benefit) (FTE basis)	1,191			1,523		(1,046		)	1,748			545			636		(2,215		)
Net income (loss)	$	3,116		$	2,611	$	(1,913	)	$	2,996		$	1,260		$	1,090	$	(2,928	)
Average
Total loans and leases	$	906,610		$	139,225	$	108,740		$	272,443		n/m			$	103,569	$	260,727
Total assets (1)	2,190,868			527,702		155,941			344,730			$	570,273		280,920		311,302
Total deposits	1,031,500			471,410		n/m			238,292			n/m			251,913		35,524
Period end
Total loans and leases	$	892,315		$	135,523	$	105,304		$	265,393		n/m			$	105,395	$	253,505
Total assets (1)	2,160,854			537,647		147,638			340,559			$	561,815		277,988		295,207
Total deposits	1,035,225			481,939		n/m			241,344			n/m			249,755		27,157
	Six Months Ended June 30, 2011
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	23,890		$	11,150	$	1,475		$	4,858		$	1,894		$	3,143	$	1,370
Noninterest income (loss)	16,688			5,997		(10,727		)	4,502			7,791			5,848		3,277
Total revenue, net of interest expense (FTE basis)	40,578			17,147		(9,252		)	9,360			9,685			8,991		4,647
Provision for credit losses	7,069			1,061		2,605			(681		)	(41		)	118		4,007
Noninterest expense	43,139			8,938		13,402			4,531			6,376			7,213		2,679
Income (loss) before income taxes	(9,630		)	7,148		(25,259		)	5,510			3,350			1,660		(2,039		)
Income tax expense (benefit) (FTE basis)	(2,853		)	2,604		(8,353		)	2,006			1,044			605		(759		)
Net income (loss)	$	(6,777	)	$	4,544	$	(16,906	)	$	3,504		$	2,306		$	1,055	$	(1,280	)
Average
Total loans and leases	$	938,738		$	158,033	$	121,125		$	258,508		n/m			$	101,530	$	288,068
Total assets (1)	2,338,826			518,737		203,648			326,632			$	602,447		293,369		393,993
Total deposits	1,029,578			462,136		n/m			230,744			n/m			257,066		49,110
Period end
Total loans and leases	$	941,257		$	153,391	$	121,553		$	263,065		n/m			$	102,878	$	287,424
Total assets (1)	2,261,319			521,823		185,398			340,535			$	561,361		284,504		367,698
Total deposits	1,038,408			465,457		n/m			244,025			n/m			255,796		43,768

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

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

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net interest income (FTE basis)	$	9,784		$	11,150		$	4,704		$	5,080		$	5,080		$	5,149		$	5,549
Noninterest income:
Card income	2,609			3,263			1,331			1,278			1,303			1,720			1,686
Service charges	2,147			2,175			1,083			1,064			1,145			1,204			1,096
All other income	208			559			208			—			78			54			350
Total noninterest income	4,964			5,997			2,622			2,342			2,526			2,978			3,132
Total revenue, net of interest expense (FTE basis)	14,748			17,147			7,326			7,422			7,606			8,127			8,681
Provision for credit losses	2,008			1,061			1,131			877			1,297			1,132			400
Noninterest expense	8,606			8,938			4,359			4,247			4,426			4,343			4,377
Income before income taxes	4,134			7,148			1,836			2,298			1,883			2,652			3,904
Income tax expense (FTE basis)	1,523			2,604			680			843			639			986			1,402
Net income	$	2,611		$	4,544		$	1,156		$	1,455		$	1,244		$	1,666		$	2,502
Net interest yield (FTE basis)	4.03		%	4.66		%	3.85		%	4.22		%	4.23		%	4.25		%	4.57		%
Return on average allocated equity	9.87			17.25			8.70			11.05			9.31			12.62			19.10
Return on average economic capital (1)	23.20			40.90			20.31			26.16			22.11			30.46			45.87
Efficiency ratio (FTE basis)	58.35			52.12			59.49			57.23			58.20			53.44			50.41
Balance Sheet
Average
Total loans and leases	$	139,225		$	158,033		$	136,872		$	141,578		$	147,150		$	151,492		$	155,122
Total earning assets (2)	488,325			482,863			492,085			484,565			476,399			480,312			486,679
Total assets (2)	527,702			518,737			531,747			523,658			515,339			519,512			523,258
Total deposits	471,410			462,136			476,580			466,240			459,819			464,256			467,179
Allocated equity	53,199			53,126			53,452			52,947			53,004			52,381			52,559
Economic capital (1)	22,696			22,450			22,967			22,425			22,417			21,781			21,903
Period end
Total loans and leases	$	135,523		$	153,391		$	135,523		$	138,909		$	146,378		$	149,739		$	153,391
Total earning assets (2)	497,920			483,245			497,920			502,788			480,972			481,158			483,245
Total assets (2)	537,647			521,823			537,647			543,855			521,097			520,125			521,823
Total deposits	481,939			465,457			481,939			486,162			464,264			465,774			465,457

⁽¹⁾ Return on average economic capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average economic capital. Economic capital represents allocated equity less goodwill and a percentage of intangible assets. Economic capital and return on average economic capital are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

⁽²⁾ Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

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

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

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Year-to-Date Results
(Dollars in millions)
	Six Months Ended June 30, 2012
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	9,784		$	4,034		$	5,097		$	653
Noninterest income:
Card income	2,609			—			2,609			—
Service charges	2,147			1,960			—			187
All other income	208			131			20			57
Total noninterest income	4,964			2,091			2,629			244
Total revenue, net of interest expense (FTE basis)	14,748			6,125			7,726			897
Provision for credit losses	2,008			91			1,730			187
Noninterest expense	8,606			5,242			2,882			482
Income before income taxes	4,134			792			3,114			228
Income tax expense (FTE basis)	1,523			292			1,147			84
Net income	$	2,611		$	500		$	1,967		$	144
Net interest yield (FTE basis)	4.03		%	1.90		%	8.88		%	2.86		%
Return on average allocated equity	9.87			4.27			19.20			3.21
Return on average economic capital (1)	23.20			17.81			39.21			4.18
Efficiency ratio (FTE basis)	58.35			85.58			37.30			53.71
Balance Sheet
Average
Total loans and leases	$	139,225		n/m			$	114,197		$	24,314
Total earning assets (2)	488,325			$	427,604		115,391			45,977
Total assets (2)	527,702			453,858			121,247			53,243
Total deposits	471,410			428,902			n/m			42,192
Allocated equity	53,199			23,588			20,598			9,013
Economic capital (1)	22,696			5,659			10,122			6,915
Period end
Total loans and leases	$	135,523		n/m			$	111,071		$	23,700
Total earning assets (2)	497,920			$	440,559		111,602			43,502
Total assets (2)	537,647			466,362			118,288			50,739
Total deposits	481,939			439,470			n/m			41,563
	Six Months Ended June 30, 2011
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	11,150		$	4,486		$	5,917		$	747
Noninterest income:
Card income	3,263			—			3,263			—
Service charges	2,175			1,891			—			284
All other income	559			116			384			59
Total noninterest income	5,997			2,007			3,647			343
Total revenue, net of interest expense (FTE basis)	17,147			6,493			9,564			1,090
Provision for credit losses	1,061			64			897			100
Noninterest expense	8,938			5,179			3,140			619
Income before income taxes	7,148			1,250			5,527			371
Income tax expense (FTE basis)	2,604			455			2,011			138
Net income	$	4,544		$	795		$	3,516		$	233
Net interest yield (FTE basis)	4.66		%	2.14		%	9.11		%	3.63		%
Return on average allocated equity	17.25			6.78			32.85			5.96
Return on average economic capital (1)	40.90			28.29			64.86			8.11
Efficiency ratio (FTE basis)	52.12			79.76			32.83			56.73
Balance Sheet
Average
Total loans and leases	$	158,033		n/m			$	129,894		$	27,507
Total earning assets (2)	482,863			$	421,863		131,007			41,526
Total assets (2)	518,737			448,081			132,189			50,000
Total deposits	462,136			422,514			n/m			39,331
Allocated equity	53,126			23,627			21,580			7,919
Economic capital (1)	22,450			5,672			10,956			5,822
Period end
Total loans and leases	$	153,391		n/m			$	125,139		$	27,589
Total earning assets (2)	483,245			$	423,162		126,322			44,034
Total assets (2)	521,823			449,641			130,704			51,751
Total deposits	465,457			424,579			n/m			40,572

For footnotes see page 20.

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

This information is preliminary and based on company data available at the time of the presentation. 18

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Quarterly Results
(Dollars in millions)
	Second Quarter 2012
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	4,704		$	1,914		$	2,481		$	309
Noninterest income:
Card income	1,331			—			1,331			—
Service charges	1,083			991			—			92
All other income	208			71			105			32
Total noninterest income	2,622			1,062			1,436			124
Total revenue, net of interest expense (FTE basis)	7,326			2,976			3,917			433
Provision for credit losses	1,131			40			940			151
Noninterest expense	4,359			2,634			1,502			223
Income before income taxes	1,836			302			1,475			59
Income tax expense (FTE basis)	680			112			546			22
Net income	$	1,156		$	190		$	929		$	37
Net interest yield (FTE basis)	3.85		%	1.78		%	8.81		%	2.78		%
Return on average allocated equity	8.70			3.19			18.21			1.67
Return on average economic capital (1)	20.31			12.66			37.25			2.18
Efficiency ratio (FTE basis)	59.49			88.50			38.36			51.21
Balance Sheet
Average
Total loans and leases	$	136,872		n/m			$	112,127		$	24,025
Total earning assets (2)	492,085			$	433,075		113,202			44,808
Total assets (2)	531,747			459,217			119,316			52,213
Total deposits	476,580			433,781			n/m			42,475
Allocated equity	53,452			23,982			20,525			8,945
Economic capital (1)	22,967			6,056			10,065			6,846
Period end
Total loans and leases	$	135,523		n/m			$	111,071		$	23,700
Total earning assets (2)	497,920			$	440,559		111,602			43,502
Total assets (2)	537,647			466,362			118,288			50,739
Total deposits	481,939			439,470			n/m			41,563
	First Quarter 2012
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	5,080		$	2,120		$	2,616		$	344
Noninterest income:
Card income	1,278			—			1,278			—
Service charges	1,064			969			—			95
All other income (loss)	—			60			(85		)	25
Total noninterest income	2,342			1,029			1,193			120
Total revenue, net of interest expense (FTE basis)	7,422			3,149			3,809			464
Provision for credit losses	877			51			790			36
Noninterest expense	4,247			2,608			1,380			259
Income before income taxes	2,298			490			1,639			169
Income tax expense (FTE basis)	843			180			601			62
Net income	$	1,455		$	310		$	1,038		$	107
Net interest yield (FTE basis)	4.22		%	2.02		%	8.95		%	2.93		%
Return on average allocated equity	11.05			5.38			20.19			4.73
Return on average economic capital (1)	26.16			23.74			41.14			6.14
Efficiency ratio (FTE basis)	57.23			82.82			36.22			56.04
Balance Sheet
Average
Total loans and leases	$	141,578		n/m			$	116,267		$	24,603
Total earning assets (2)	484,565			$	422,132		117,580			47,146
Total assets (2)	523,658			448,500			123,179			54,274
Total deposits	466,240			424,023			n/m			41,909
Allocated equity	52,947			23,194			20,671			9,082
Economic capital (1)	22,425			5,262			10,179			6,984
Period end
Total loans and leases	$	138,909		n/m			$	113,861		$	24,376
Total earning assets (2)	502,788			$	441,152		115,177			47,328
Total assets (2)	543,855			467,721			121,425			55,578
Total deposits	486,162			443,129			n/m			42,224

For footnotes see page 20.

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

This information is preliminary and based on company data available at the time of the presentation. 19

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Quarterly Results (continued)
(Dollars in millions)
	Second Quarter 2011
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	5,549		$	2,281		$	2,903		$	365
Noninterest income:
Card income	1,686			—			1,686			—
Service charges	1,096			967			—			129
All other income	350			55			260			35
Total noninterest income	3,132			1,022			1,946			164
Total revenue, net of interest expense (FTE basis)	8,681			3,303			4,849			529
Provision for credit losses	400			31			302			67
Noninterest expense	4,377			2,597			1,517			263
Income before income taxes	3,904			675			3,030			199
Income tax expense (FTE basis)	1,402			242			1,086			74
Net income	$	2,502		$	433		$	1,944		$	125
Net interest yield (FTE basis)	4.57		%	2.15		%	9.06		%	3.45		%
Return on average allocated equity	19.10			7.35			37.11			6.34
Return on average economic capital (1)	45.87			30.62			75.04			8.62
Efficiency ratio (FTE basis)	50.41			78.62			31.27			49.73
Balance Sheet
Average
Total loans and leases	$	155,122		n/m			$	127,343		$	27,153
Total earning assets (2)	486,679			$	425,926		128,505			42,352
Total assets (2)	523,258			452,119			130,356			50,886
Total deposits	467,179			426,684			n/m			40,190
Allocated equity	52,559			23,612			21,016			7,931
Economic capital (1)	21,903			5,661			10,409			5,833
Period end
Total loans and leases	$	153,391		n/m			$	125,139		$	27,589
Total earning assets (2)	483,245			$	423,162		126,322			44,034
Total assets (2)	521,823			449,641			130,704			51,751
Total deposits	465,457			424,579			n/m			40,572

⁽¹⁾  Return on average economic capital is calculated as net income adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average economic capital. Economic capital represents allocated equity less goodwill and a percentage of intangible assets. Economic capital and return on average economic capital are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

⁽²⁾  For presentation purposes, in segments or businesses where the total of liabilities and equity exceeds assets, we allocate assets to match liabilities. As a result, the total earning assets and total assets of the businesses may not equal total Consumer & Business Banking results.

n/m = not meaningful

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

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

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Key Indicators
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Average deposit balances
Checking	$	207,713		$	192,042		$	211,014		$	204,412		$	198,274		$	196,807		$	195,968
Savings	39,203			38,140			40,119			38,286			37,409			38,822			39,391
MMS	140,528			135,781			142,543			138,512			136,257			137,508			137,094
CDs and IRAs	79,743			92,268			78,642			80,844			83,719			87,105			90,729
Non-U.S. and other	4,223			3,905			4,262			4,186			4,160			4,014			3,997
Total average deposit balances	$	471,410		$	462,136		$	476,580		$	466,240		$	459,819		$	464,256		$	467,179
Deposit spreads (excludes noninterest costs)
Checking	2.72		%	3.31		%	2.64		%	2.81		%	2.95		%	3.09		%	3.25		%
Savings	2.87			3.37			2.78			2.97			3.11			3.25			3.32
MMS	1.26			1.45			1.22			1.30			1.35			1.37			1.41
CDs and IRAs	0.58			0.35			0.62			0.55			0.46			0.39			0.36
Non-U.S. and other	1.03			3.90			1.06			1.00			3.44			3.63			3.82
Total deposit spreads	1.92			2.17			1.87			1.96			2.03			2.09			2.15
Client brokerage assets	$	72,226		$	69,000		$	72,226		$	73,422		$	66,576		$	61,918		$	69,000
Online banking active accounts (units in thousands)	30,232			29,660			30,232			30,439			29,870			29,917			29,660
Mobile banking active accounts (units in thousands)	10,290			7,652			10,290			9,702			9,166			8,531			7,652
Banking centers	5,594			5,742			5,594			5,651			5,702			5,715			5,742
ATMs	16,220			17,817			16,220			17,255			17,756			17,752			17,817
U.S. credit card
Loans
Average credit card outstandings	$	96,676		$	108,042		$	95,018		$	98,334		$	102,241		$	103,671		$	106,164
Ending credit card outstandings	94,291			104,659			94,291			96,433			102,291			102,803			104,659
Credit quality
Net charge-offs	$	2,575		$	4,205		$	1,244		$	1,331		$	1,432		$	1,639		$	1,931
	5.36		%	7.85		%	5.27		%	5.44		%	5.55		%	6.28		%	7.29		%
30+ delinquency	$	2,948		$	4,263		$	2,948		$	3,384		$	3,823		$	4,019		$	4,263
	3.13		%	4.07		%	3.13		%	3.51		%	3.74		%	3.91		%	4.07		%
90+ delinquency	$	1,594		$	2,413		$	1,594		$	1,866		$	2,070		$	2,128		$	2,413
	1.69		%	2.31		%	1.69		%	1.93		%	2.02		%	2.07		%	2.31		%
Other U.S. credit card indicators
Gross interest yield	10.02		%	10.37		%	9.97		%	10.06		%	10.10		%	10.14		%	10.27		%
Risk adjusted margin	7.02			5.23			7.51			6.55			6.77			6.08			6.23
New account growth (in thousands)	1,564			1,387			782			782			797			851			730
Purchase volumes	$	93,683		$	92,910		$	48,886		$	44,797		$	50,901		$	48,547		$	48,974
Debit card data
Purchase volumes	$	127,808		$	124,045		$	64,867		$	62,941		$	63,726		$	62,774		$	64,049
Business Banking
Loans
Average outstandings	$	24,314		$	27,507		$	24,025		$	24,603		$	25,306		$	27,258		$	27,153
Credit spread	2.01		%	2.64		%	2.01		%	2.01		%	1.77		%	2.37		%	2.44		%
Credit quality
Net charge-offs	$	228		$	244		$	131		$	97		$	118		$	100		$	127
	1.89		%	1.79		%	2.21		%	1.58		%	1.85		%	1.46		%	1.88		%
Nonperforming assets	$	1,146		$	1,716		$	1,146		$	1,228		$	1,300		$	1,548		$	1,716
	4.84		%	6.22		%	4.84		%	5.04		%	5.20		%	5.77		%	6.22		%

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

This information is preliminary and based on company data available at the time of the presentation. 21

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Segment Results
(Dollars in millions; except as noted)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net interest income (FTE basis)	$	1,489		$	1,475		$	714		$	775		$	809		$	923		$	579
Noninterest income:
Mortgage banking income (loss)	3,642			(12,323		)	1,811			1,831			2,329			1,800			(13,018		)
Insurance income (loss)	7			730			1			6			(3		)	23			299
All other income (loss)	57			866			(5		)	62			140			76			825
Total noninterest income (loss)	3,706			(10,727		)	1,807			1,899			2,466			1,899			(11,894		)
Total revenue, net of interest expense (FTE basis)	5,195			(9,252		)	2,521			2,674			3,275			2,822			(11,315		)
Provision for credit losses	693			2,605			186			507			1,001			918			1,507
Goodwill impairment	—			2,603			—			—			—			—			2,603
All other noninterest expense	7,461			10,799			3,556			3,905			4,572			3,830			6,022
Loss before income taxes	(2,959		)	(25,259		)	(1,221		)	(1,738		)	(2,298		)	(1,926		)	(21,447		)
Income tax benefit (FTE basis)	(1,046		)	(8,353		)	(453		)	(593		)	(854		)	(802		)	(6,941		)
Net loss	$	(1,913	)	$	(16,906	)	$	(768	)	$	(1,145	)	$	(1,444	)	$	(1,124	)	$	(14,506	)
Net interest yield (FTE basis)	2.33		%	1.80		%	2.27		%	2.39		%	2.30		%	2.45		%	1.46		%
Balance Sheet
Average
Total loans and leases	$	108,740		$	121,125		$	106,725		$	110,755		$	116,993		$	120,079		$	121,683
Total earning assets	128,512			165,469			126,823			130,201			139,789			149,177			158,674
Total assets	155,941			203,648			152,777			159,105			171,763			182,843			198,030
Allocated equity	14,454			17,933			14,116			14,791			14,757			14,240			17,139
Economic capital (1)	14,454			15,211			14,116			14,791			14,757			14,240			14,437
Period end
Total loans and leases	$	105,304		$	121,553		$	105,304		$	109,264		$	112,359		$	119,823		$	121,553
Total earning assets	124,854			149,908			124,854			130,420			132,381			144,831			149,908
Total assets	147,638			185,398			147,638			158,207			163,712			188,769			185,398
Period end (in billions)
Mortgage servicing portfolio (2)	$	1,586.4		$	1,991.3		$	1,586.4		$	1,686.7		$	1,763.0		$	1,917.4		$	1,991.3

⁽¹⁾  Economic capital represents allocated equity less goodwill and a percentage of intangible assets (excluding MSRs). Economic capital is a non-GAAP financial measure. We believe the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segment. Other companies may define or calculate this measure differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

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

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

This information is preliminary and based on company data available at the time of the presentation. 22

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Year-to-Date Results (1)
(Dollars in millions)
	Six Months Ended June 30, 2012
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	1,489		$	677		$	812
Noninterest income:
Mortgage banking income	3,642			1,541			2,101
Insurance income	7			7			—
All other income (loss)	57			(11		)	68
Total noninterest income	3,706			1,537			2,169
Total revenue, net of interest expense (FTE basis)	5,195			2,214			2,981
Provision for credit losses	693			19			674
Noninterest expense	7,461			1,612			5,849
Income (loss) before income taxes	(2,959		)	583			(3,542		)
Income tax expense (benefit) (FTE basis)	(1,046		)	215			(1,261		)
Net income (loss)	$	(1,913	)	$	368		$	(2,281	)
Balance Sheet
Average
Total loans and leases	$	108,740		$	51,122		$	57,618
Total earning assets	128,512			57,672			70,840
Total assets	155,941			58,623			97,318
Allocated equity	14,454			n/a			n/a
Economic capital (2)	14,454			n/a			n/a
							��
Period end
Total loans and leases	$	105,304		$	50,112		$	55,192
Total earning assets	124,854			57,716			67,138
Total assets	147,638			58,986			88,652
	Six Months Ended June 30, 2011
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	1,475		$	998		$	477
Noninterest income:
Mortgage banking income (loss)	(12,323		)	1,217			(13,540		)
Insurance income	730			730			—
All other income	866			829			37
Total noninterest income (loss)	(10,727		)	2,776			(13,503		)
Total revenue, net of interest expense (FTE basis)	(9,252		)	3,774			(13,026		)
Provision for credit losses	2,605			121			2,484
Goodwill impairment	2,603			—			2,603
Noninterest expense	10,799			2,733			8,066
Income (loss) before income taxes	(25,259		)	920			(26,179		)
Income tax expense (benefit) (FTE basis)	(8,353		)	339			(8,692		)
Net income (loss)	$	(16,906	)	$	581		$	(17,487	)
Balance Sheet
Average
Total loans and leases	$	121,125		$	54,749		$	66,376
Total earning assets	165,469			74,773			90,696
Total assets	203,648			74,866			128,782
Allocated equity	17,933			n/a			n/a
Economic capital (2)	15,211			n/a			n/a
Period end
Total loans and leases	$	121,553		$	55,283		$	66,270
Total earning assets	149,908			69,646			80,262
Total assets	185,398			70,247			115,151

For footnotes see page 25.

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

This information is preliminary and based on company data available at the time of the presentation. 23

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Quarterly Results (1)
(Dollars in millions)
	Second Quarter 2012
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	714		$	330		$	384
Noninterest income:
Mortgage banking income	1,811			827			984
Insurance income	1			1			—
All other income (loss)	(5		)	(33		)	28
Total noninterest income	1,807			795			1,012
Total revenue, net of interest expense (FTE basis)	2,521			1,125			1,396
Provision for credit losses	186			(34		)	220
Noninterest expense	3,556			776			2,780
Income (loss) before income taxes	(1,221		)	383			(1,604		)
Income tax expense (benefit) (FTE basis)	(453		)	142			(595		)
Net income (loss)	$	(768	)	$	241		$	(1,009	)
Balance Sheet
Average
Total loans and leases	$	106,725		$	50,580		$	56,145
Total earning assets	126,823			57,869			68,954
Total assets	152,777			58,898			93,879
Allocated equity	14,116			n/a			n/a
Economic capital (2)	14,116			n/a			n/a
Period end
Total loans and leases	$	105,304		$	50,112		$	55,192
Total earning assets	124,854			57,716			67,138
Total assets	147,638			58,986			88,652
	First Quarter 2012
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	775		$	347		$	428
Noninterest income:
Mortgage banking income	1,831			714			1,117
Insurance income	6			6			—
All other income	62			22			40
Total noninterest income	1,899			742			1,157
Total revenue, net of interest expense (FTE basis)	2,674			1,089			1,585
Provision for credit losses	507			53			454
Noninterest expense	3,905			836			3,069
Income (loss) before income taxes	(1,738		)	200			(1,938		)
Income tax expense (benefit) (FTE basis)	(593		)	73			(666		)
Net income (loss)	$	(1,145	)	$	127		$	(1,272	)
Balance Sheet
Average
Total loans and leases	$	110,755		$	51,663		$	59,092
Total earning assets	130,201			57,474			72,727
Total assets	159,105			58,348			100,757
Allocated equity	14,791			n/a			n/a
Economic capital (2)	14,791			n/a			n/a
Period end
Total loans and leases	$	109,264		$	51,002		$	58,262
Total earning assets	130,420			57,723			72,697
Total assets	158,207			58,682			99,525

For footnotes see page 25.

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

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

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Quarterly Results (1) (continued)
(Dollars in millions)
	Second Quarter 2011
	Total Consumer Real Estate Services			Home Loans		Legacy Assets & Servicing
Net interest income (FTE basis)	$	579		$	449	$	130
Noninterest income:
Mortgage banking income (loss)	(13,018		)	674		(13,692		)
Insurance income	299			299		—
All other income	825			799		26
Total noninterest income (loss)	(11,894		)	1,772		(13,666		)
Total revenue, net of interest expense (FTE basis)	(11,315		)	2,221		(13,536		)
Provision for credit losses	1,507			121		1,386
Goodwill impairment	2,603			—		2,603
Noninterest expense	6,022			1,288		4,734
Income (loss) before income taxes	(21,447		)	812		(22,259		)
Income tax expense (benefit) (FTE basis)	(6,941		)	299		(7,240		)
Net income (loss)	$	(14,506	)	$	513	$	(15,019	)
Balance Sheet
Average
Total loans and leases	$	121,683		$	55,010	$	66,673
Total earning assets	158,674			71,614		87,060
Total assets	198,030			71,806		126,224
Allocated equity	17,139			n/a		n/a
Economic capital (2)	14,437			n/a		n/a
Period end
Total loans and leases	$	121,553		$	55,283	$	66,270
Total earning assets	149,908			69,646		80,262
Total assets	185,398			70,247		115,151

⁽¹⁾  Consumer Real Estate Services includes Home Loans and Legacy Assets & Servicing. The results of certain mortgage servicing right activities, including net hedge results which were previously included in Home Loans, together with any related assets or liabilities used as economic hedges are included in Legacy Assets & Servicing. The goodwill asset and related impairment charge that was recorded in 2011 are included in Legacy Assets & Servicing.

⁽²⁾  Economic capital represents allocated equity less goodwill and a percentage of intangible assets (excluding MSRs). Economic capital is a non-GAAP financial measure. We believe the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segment. Other companies may define or calculate this measure differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

n/a = not applicable

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

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

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Key Indicators
(Dollars in millions, except as noted)
	Six Months Ended June 30								Second Quarter 2012				First Quarter 2012				Fourth Quarter 2011				Third Quarter 2011				Second Quarter 2011
	2012				2011
Mortgage servicing rights at fair value rollforward:
Balance, beginning of period	$	7,378			$	14,900			$	7,589			$	7,378			$	7,881			$	12,372			$	15,282
Net additions	71				1,017				(6		)		77				(290		)		33				176
Impact of customer payments (1)	(803		)		(1,345		)		(282		)		(521		)		(612		)		(664		)		(639		)
Other changes in mortgage servicing rights fair value (2)	(938		)		(2,200		)		(1,593		)		655				399				(3,860		)		(2,447		)
Balance, end of period	$	5,708			$	12,372			$	5,708			$	7,589			$	7,378			$	7,881			$	12,372
Capitalized mortgage servicing rights (% of loans serviced for investors)	47			bps	78			bps	47			bps	58			bps	54			bps	52			bps	78			bps
Mortgage loans serviced for investors (in billions)	$	1,224			$	1,578			$	1,224			$	1,313			$	1,379			$	1,512			$	1,578
Loan production:
Consumer Real Estate Services
First mortgage	$	26,391			$	90,772			$	14,206			$	12,185			$	18,053			$	30,448			$	38,253
Home equity	1,321				2,454				724				597				580				660				879
Total Corporation (3)
First mortgage	33,243				97,104				18,005				15,238				21,614				33,038				40,370
Home equity	1,690				2,782				930				760				759				847				1,054
Mortgage banking income (loss)
Production income (loss):
Core production revenue	$	1,814			$	1,492			$	885			$	929			$	501			$	803			$	824
Representations and warranties provision	(677		)		(15,050		)		(395		)		(282		)		(263		)		(278		)		(14,037		)
Total production income (loss)	1,137				(13,558		)		490				647				238				525				(13,213		)
Servicing income:
Servicing fees	2,545				3,162				1,213				1,332				1,333				1,464				1,556
Impact of customer payments (1)	(803		)		(1,345		)		(282		)		(521		)		(612		)		(664		)		(639		)
Fair value changes of mortgage servicing rights, net of economic hedge results (4)	388				(870		)		194				194				1,165				361				(873		)
Other servicing-related revenue	375				288				196				179				205				114				151
Total net servicing income	2,505				1,235				1,321				1,184				2,091				1,275				195
Total Consumer Real Estate Services mortgage banking income (loss)	3,642				(12,323		)		1,811				1,831				2,329				1,800				(13,018		)
Other business segments’ mortgage banking loss (5)	(371		)		(243		)		(152		)		(219		)		(210		)		(183		)		(178		)
Total consolidated mortgage banking income (loss)	$	3,271			$	(12,566	)		$	1,659			$	1,612			$	2,119			$	1,617			$	(13,196	)

⁽¹⁾  Represents the change in the market value of the mortgage servicing rights asset due to the impact of customer payments received during the year.

⁽²⁾  These amounts reflect the change in discount rates and prepayment speed assumptions, mostly due to changes in interest rates, as well as the effect of changes in other assumptions.

⁽³⁾  In addition to loan production in Consumer Real Estate Services, the remaining first mortgage and home equity loan production is primarily in GWIM.

⁽⁴⁾  Includes sale of mortgage servicing rights.

⁽⁵⁾  Includes the effect of transfers of mortgage loans from Consumer Real Estate Services to the asset and liability management portfolio included in All Other.

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

This information is preliminary and based on company data available at the time of the presentation. 26

Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net interest income (FTE basis)	$	4,583		$	4,858		$	2,184		$	2,399		$	2,309		$	2,323		$	2,375
Noninterest income:
Service charges	1,622			1,789			815			807			802			828			876
Investment banking income	1,284			1,815			633			651			629			616			948
All other income	1,246			898			653			593			261			184			460
Total noninterest income	4,152			4,502			2,101			2,051			1,692			1,628			2,284
Total revenue, net of interest expense (FTE basis)	8,735			9,360			4,285			4,450			4,001			3,951			4,659
Provision for credit losses	(351		)	(681		)	(113		)	(238		)	(256		)	(182		)	(557		)
Noninterest expense	4,342			4,531			2,165			2,177			2,136			2,218			2,221
Income before income taxes	4,744			5,510			2,233			2,511			2,121			1,915			2,995
Income tax expense (FTE basis)	1,748			2,006			827			921			784			710			1,074
Net income	$	2,996		$	3,504		$	1,406		$	1,590		$	1,337		$	1,205		$	1,921
Net interest yield (FTE basis)	3.08		%	3.50		%	2.97		%	3.18		%	3.04		%	3.06		%	3.33		%
Return on average allocated equity	13.14			14.75			12.31			13.98			11.51			10.03			16.37
Return on average economic capital (1)	28.74			30.14			26.83			30.67			25.05			20.86			34.06
Efficiency ratio (FTE basis)	49.71			48.41			50.53			48.92			53.36			56.13			47.70
Balance Sheet
Average
Total loans and leases	$	272,443		$	258,508		$	267,812		$	277,074		$	276,848		$	268,174		$	260,144
Total earnings assets (2)	299,442			280,074			295,808			303,075			300,884			301,271			285,211
Total assets (2)	344,730			326,632			341,044			348,417			347,227			347,974			331,084
Total deposits	238,292			230,744			239,054			237,531			240,730			246,282			235,662
Allocated equity	45,838			47,891			45,958			45,719			46,087			47,682			47,060
Economic capital (1)	20,980			23,461			21,102			20,858			21,188			22,958			22,632
Period end
Total loans and leases	$	265,393		$	263,065		$	265,393		$	272,279		$	278,178		$	273,549		$	263,065
Total earnings assets (2)	293,655			293,789			293,655			293,414			301,627			293,814			293,789
Total assets (2)	340,559			340,535			340,559			340,645			348,738			341,100			340,535
Total deposits	241,344			244,025			241,344			237,602			246,325			236,565			244,025

⁽¹⁾  Return on average economic capital is calculated as net income, adjusted for cost of funds and earnings credit and certain expenses related to intangibles, divided by average economic capital. Economic capital represents allocated equity less goodwill and a percentage of intangible assets. Economic capital and return on average economic capital are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provide additional clarity in assessing the results of the segments. Other companies may define or calculate this measure differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

⁽²⁾  Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits).

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

This information is preliminary and based on company data available at the time of the presentation. 27

Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Investment Banking fees (1)
Advisory (2)	$	504		$	657		$	314		$	190		$	265		$	260		$	356
Debt issuance	594			809			248			346			254			230			420
Equity issuance	186			349			71			115			110			126			172
Total Investment Banking fees (3)	$	1,284		$	1,815		$	633		$	651		$	629		$	616		$	948
Business Lending
Corporate	$	1,730		$	1,772		$	850		$	880		$	693		$	775		$	786
Commercial	2,276			2,608			1,129			1,147			1,176			1,169			1,370
Total Business Lending revenue (3)	$	4,006		$	4,380		$	1,979		$	2,027		$	1,869		$	1,944		$	2,156
Treasury Services
Corporate	$	1,264		$	1,259		$	619		$	645		$	632		$	616		$	638
Commercial	1,836			1,766			893			943			910			856			912
Total Treasury Services revenue (3)	$	3,100		$	3,025		$	1,512		$	1,588		$	1,542		$	1,472		$	1,550
Average deposit balances
Interest-bearing	$	75,247		$	95,619		$	74,280		$	76,213		$	78,599		$	90,684		$	96,701
Noninterest-bearing	163,045			135,125			164,774			161,318			162,131			155,598			138,961
Total average deposits	$	238,292		$	230,744		$	239,054		$	237,531		$	240,730		$	246,282		$	235,662
Loan spread	1.86		%	2.17		%	1.82		%	1.90		%	1.85		%	1.97		%	2.02		%
Provision for credit losses	$	(351	)	$	(681	)	$	(113	)	$	(238	)	$	(256	)	$	(182	)	$	(557	)
Credit quality (4, 5)
Reservable utilized criticized exposure	$	14,843		$	26,813		$	14,843		$	17,983		$	20,072		$	22,859		$	26,813
	5.42		%	9.70		%	5.42		%	6.43		%	7.05		%	8.16		%	9.70		%
Nonperforming loans, leases and foreclosed properties	$	3,305		$	5,984		$	3,305		$	4,130		$	4,646		$	5,376		$	5,984
	1.27		%	2.31		%	1.27		%	1.54		%	1.70		%	2.00		%	2.31		%
Average loans and leases by product
U.S. commercial	$	127,144		$	117,621		$	125,424		$	128,864		$	124,885		$	119,158		$	118,172
Commercial real estate	32,993			39,836			32,335			33,651			34,603			36,457			38,770
Commercial lease financing	23,255			23,259			23,123			23,387			23,050			23,101			23,041
Non-U.S. commercial	49,107			36,041			49,089			49,126			50,878			47,182			39,089
Direct/Indirect consumer	39,936			41,727			37,834			42,040			43,427			42,254			41,048
Other	8			24			7			6			5			22			24
Total average loans and leases	$	272,443		$	258,508		$	267,812		$	277,074		$	276,848		$	268,174		$	260,144
Total Corporation Investment Banking fees
Advisory (2)	$	543		$	702		$	340		$	203		$	273		$	273		$	382
Debt issuance	1,424			1,785			647			777			589			515			939
Equity issuance	497			869			192			305			267			316			422
Total investment banking fees	2,464			3,356			1,179			1,285			1,129			1,104			1,743
Self-Led	(101		)	(94		)	(32		)	(69		)	(116		)	(162		)	(59		)
Total Investment Banking fees	$	2,363		$	3,262		$	1,147		$	1,216		$	1,013		$	942		$	1,684

⁽¹⁾  Includes self-led deals and represents fees attributable to Global Banking under an internal sharing arrangement.

⁽²⁾  Advisory includes fees on debt and equity advisory and mergers and acquisitions.

⁽³⁾  Total Global Banking revenue includes certain insignificant items that are not included in Investment Banking fees, Business Lending revenue or Treasury Services revenue.

⁽⁴⁾  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.

⁽⁵⁾  Nonperforming loans, leases and foreclosed properties are on an end-of-period basis. The nonperforming ratio is nonperforming assets divided by loans, leases and foreclosed properties.

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

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

Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings
	Six Months Ended June 30, 2012
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
High-yield corporate debt	2	9.7	%	2	11.2	%
Leveraged loans	2	10.0		2	15.2
Mortgage-backed securities	6	6.9		6	7.8
Asset-backed securities	3	11.3		3	14.0
Convertible debt	4	9.6		1	22.1
Common stock underwriting	5	7.0		5	10.2
Investment-grade corporate debt	3	5.5		2	11.6
Syndicated loans	2	8.4		2	16.0
Net investment banking revenue	2	6.1		2	9.3
Announced mergers and acquisitions	8	12.6		8	12.6
Equity capital markets	5	7.2		3	11.2
Debt capital markets	5	4.8		4	8.6

Source: Dealogic data as of July 2, 2012. Figures above include self-led transactions.

• Rankings based on deal volumes except for net investment banking revenue rankings which reflect fees.

• Debt capital markets excludes loans but includes agencies.

• Mergers and acquisitions 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 to all investment banks advising the target or acquiror.

• Each advisor receives full credit for the deal amount unless advising a minority stakeholder.

Highlights

Global top 3 rankings in:
High-yield corporate debt	Investment-grade corporate debt
Leveraged loans	Syndicated loans
Asset-backed securities
U.S. top 3 rankings in:
High-yield corporate debt	Investment-grade corporate debt
Leveraged loans	Syndicated loans
Asset-backed securities	Equity capital markets
Convertible debt

Top 3 rankings excluding self-led deals:

Global: High-yield corporate debt, Leveraged loans, Asset-backed securities, Investment-grade corporate debt, Syndicated loans

U.S.: High-yield corporate debt, Leveraged loans, Asset-backed securities, Convertible debt, Investment-grade corporate debt, Syndicated loans, Equity capital markets

This information is preliminary and based on company data available at the time of the presentation. 29

Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net interest income (FTE basis)	$	1,448		$	1,894		$	650		$	798		$	863		$	925		$	874
Noninterest income:
Investment and brokerage services	955			1,204			445			510			447			584			557
Investment banking fees	994			1,350			438			556			425			438			700
Trading account profits	3,744			4,628			1,707			2,037			369			1,421			2,014
All other income (loss)	417			609			125			292			(299		)	(73		)	268
Total noninterest income	6,110			7,791			2,715			3,395			942			2,370			3,539
Total revenue, net of interest expense (FTE basis) (1)	7,558			9,685			3,365			4,193			1,805			3,295			4,413
Provision for credit losses	(34		)	(41		)	(14		)	(20		)	(18		)	3			(8		)
Noninterest expense	5,787			6,376			2,711			3,076			2,893			2,966			3,263
Income (loss) before income taxes	1,805			3,350			668			1,137			(1,070		)	326			1,158
Income tax expense (benefit) (FTE basis)	545			1,044			206			339			(302		)	878			247
Net income (loss)	$	1,260		$	2,306		$	462		$	798		$	(768	)	$	(552	)	$	911
Return on average allocated equity	14.29		%	18.85		%	10.84		%	17.52		%	n/m			n/m			15.90		%
Return on average economic capital (2)	19.42			23.23			14.92			23.54			n/m			n/m			19.99
Efficiency ratio (FTE basis)	76.58			65.84			80.59			73.36			n/m			90.00		%	73.94
Balance Sheet
Average
Total trading-related assets (3)	$	454,300		$	478,242		$	459,869		$	448,731		$	444,319		$	489,172		$	499,274
Total earning assets (3)	434,447			461,526			444,537			424,358			414,136			445,431			457,845
Total assets	570,273			602,447			581,952			558,594			552,861			604,333			622,915
Allocated equity	17,725			24,667			17,132			18,317			19,805			21,609			22,990
Economic capital (2)	13,096			20,069			12,524			13,669			15,154			16,954			18,344
Period end
Total trading-related assets (3)	$	443,948		$	444,556		$	443,948		$	440,091		$	397,876		$	446,697		$	444,556
Total earning assets (3)	428,940			405,398			428,940			417,580			372,851			413,677			405,398
Total assets	561,815			561,361			561,815			548,558			501,824			552,772			561,361
Trading-related assets (average)
Trading account securities	$	188,069		$	209,586		$	190,250		$	185,890		$	172,955		$	199,201		$	213,631
Reverse repurchases	160,456			162,302			160,832			160,079			162,507			174,574			173,270
Securities borrowed	50,292			49,419			53,297			47,286			46,476			46,930			53,756
Derivative assets	55,483			56,935			55,490			55,476			62,381			68,467			58,617
Total trading-related assets (3)	$	454,300		$	478,242		$	459,869		$	448,731		$	444,319		$	489,172		$	499,274

⁽¹⁾  Substantially all of Global Markets total revenue is sales and trading revenue and investment banking fees, with a small portion related to certain revenue sharing agreements with other business segments. For additional sales and trading revenue information, see page 31.

⁽²⁾  Return on average economic capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average economic capital. Economic capital represents allocated equity less goodwill and a percentage of intangible assets. Economic capital and return on average economic capital are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

⁽³⁾  Trading-related assets include assets which are not considered earning assets (i.e., derivative assets).

n/m = not meaningful

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

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

Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2012		First Quarter 2012		Fourth Quarter 2011			Third Quarter 2011		Second Quarter 2011
	2012		2011
Sales and trading revenue (1)
Fixed income, currency and commodities	$	5,261	$	6,031	$	2,418	$	2,843	$	808		$	2,058	$	2,642
Equity income	1,666		2,316		759		907		670			957		1,077
Total sales and trading revenue	$	6,927	$	8,347	$	3,177	$	3,750	$	1,478		$	3,015	$	3,719
Sales and trading revenue, excluding DVA
Fixed income, currency and commodities	$	6,685	$	6,247	$	2,555	$	4,130	$	1,303		$	553	$	2,550
Equity income	1,832		2,334		778		1,054		649			753		1,046
Total sales and trading revenue, excluding DVA	$	8,517	$	8,581	$	3,333	$	5,184	$	1,952		$	1,306	$	3,596
Sales and trading revenue breakdown
Net interest income	$	1,448	$	1,894	$	650	$	798	$	863		$	925	$	874
Commissions	955		1,204		445		510		447			584		557
Trading	3,744		4,628		1,707		2,037		369			1,421		2,014
Other	780		621		375		405		(201		)	85		274
Total sales and trading revenue	$	6,927	$	8,347	$	3,177	$	3,750	$	1,478		$	3,015	$	3,719

⁽¹⁾  Includes Global Banking sales and trading revenue of $445 million and $136 million for the six months ended June 30, 2012 and 2011; $240 million and $205 million for the second and first quarters of 2012, and $59 million, $78 million and $32 million for the fourth, third and second quarters of 2011, respectively.

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

This information is preliminary and based on company data available at the time of the presentation. 31

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net interest income (FTE basis)	$	3,024		$	3,143		$	1,446		$	1,578		$	1,497		$	1,412		$	1,573
Noninterest income:
Investment and brokerage services	4,630			4,756			2,334			2,296			2,190			2,364			2,378
All other income	1,023			1,092			537			486			481			462			544
Total noninterest income	5,653			5,848			2,871			2,782			2,671			2,826			2,922
Total revenue, net of interest expense (FTE basis)	8,677			8,991			4,317			4,360			4,168			4,238			4,495
Provision for credit losses	93			118			47			46			118			162			72
Noninterest expense	6,858			7,213			3,408			3,450			3,637			3,507			3,624
Income before income taxes	1,726			1,660			862			864			413			569			799
Income tax expense (FTE basis)	636			605			319			317			153			211			286
Net income	$	1,090		$	1,055		$	543		$	547		$	260		$	358		$	513
Net interest yield (FTE basis)	2.33		%	2.32		%	2.26		%	2.39		%	2.24		%	2.07		%	2.34		%
Return on average allocated equity	12.46			11.98			12.15			12.78			5.78			7.97			11.71
Return on average economic capital (1)	31.81			30.72			30.03			33.81			14.73			20.31			30.45
Efficiency ratio (FTE basis)	79.03			80.24			78.94			79.11			87.25			82.74			80.64
Balance Sheet
Average
Total loans and leases	$	103,569		$	101,530		$	104,102		$	103,036		$	102,709		$	102,786		$	102,201
Total earning assets (2)	261,112			273,193			256,958			265,267			265,078			271,207			269,208
Total assets (2)	280,920			293,369			276,914			284,926			284,629			290,974			289,262
Total deposits	251,913			257,066			251,121			252,705			250,040			255,882			255,432
Allocated equity	17,601			17,745			17,974			17,228			17,845			17,826			17,560
Economic capital (1)	6,970			7,028			7,353			6,587			7,182			7,135			6,854
Period end
Total loans and leases	$	105,395		$	102,878		$	105,395		$	102,903		$	103,460		$	102,362		$	102,878
Total earning assets (2)	257,884			264,104			257,884			258,200			263,501			260,940			264,104
Total assets (2)	277,988			284,504			277,988			278,185			284,062			280,897			284,504
Total deposits	249,755			255,796			249,755			252,755			253,264			251,251			255,796

⁽¹⁾  Return on average economic capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average economic capital. Economic capital represents allocated equity less goodwill and a percentage of intangible assets. Economic capital and return on average economic capital are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

⁽²⁾  Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits).

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

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

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management - Key Indicators and Metrics
(Dollars in millions, except as noted)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012		Fourth Quarter 2011		Third Quarter 2011			Second Quarter 2011
	2012			2011
Revenues
Merrill Lynch Global Wealth Management	$	7,319		$	7,561		$	3,637		$	3,682	$	3,463	$	3,594		$	3,770
U.S. Trust	1,308			1,388			655			653		679		626			706
Other (1)	50			42			25			25		26		18			19
Total revenues	$	8,677		$	8,991		$	4,317		$	4,360	$	4,168	$	4,238		$	4,495
Client Balances
Client Balances by Business
Merrill Lynch Global Wealth Management	$	1,802,271		$	1,795,860		$	1,802,271		$	1,841,106	$	1,749,059	$	1,686,404		$	1,795,860
U.S. Trust	323,711			341,924			323,711			333,876		324,003		315,244			341,924
Other (1)	66,091			67,875			66,091			66,309		66,182		65,153			67,875
Client Balances by Type
Assets under management	$	682,227		$	661,010		$	682,227		$	692,959	$	647,126	$	616,899		$	661,010
Client brokerage assets	1,039,942			1,065,996			1,039,942			1,074,454		1,024,193		986,718			1,065,996
Assets in custody	111,357			116,499			111,357			114,938		107,989		106,293			116,499
Client deposits	249,755			255,796			249,755			252,755		253,264		251,251			255,796
Loans and leases (2)	108,792			106,358			108,792			106,185		106,672		105,640			106,358
Total client balances	$	2,192,073		$	2,205,659		$	2,192,073		$	2,241,291	$	2,139,244	$	2,066,801		$	2,205,659
Assets Under Management Flows
Liquidity assets under management (3)	$	(52	)	$	(10,430	)	$	(122	)	$	70	$	1,029	$	(2,568	)	$	(3,771	)
Long-term assets under management (4)	11,865			18,694			4,113			7,752		4,462		4,493			4,535
Total assets under management flows	$	11,813		$	8,264		$	3,991		$	7,822	$	5,491	$	1,925		$	764
Associates(5)
Number of Financial Advisors	17,534			16,443			17,534			17,512		17,308		17,094			16,443
Total Wealth Advisors	18,843			17,836			18,843			18,840		18,667		18,498			17,836
Total Client Facing Professionals	21,712			20,957			21,712			21,912		21,784		21,624			20,957
Merrill Lynch Global Wealth Management Metrics
Financial Advisory Productivity (6) (in thousands)	$	910		$	985		$	915		$	905	$	882	$	921		$	965
U.S. Trust Metrics
Client Facing Professionals	2,161			2,279			2,161			2,223		2,247		2,270			2,279

⁽¹⁾  Other includes the results of BofA Global Capital Management (the former Columbia cash management business) and other administrative items.

⁽²⁾  Includes margin receivables which are classified in other assets on the Consolidated Balance Sheet.

⁽³⁾  Defined as assets under advisory and discretion of GWIM in which the investment strategy seeks a high level of income while maintaining liquidity and capital preservation. The duration of these strategies is less than one year.

⁽⁴⁾  Defined as assets under advisory and discretion of GWIM in which the duration of the investment strategy is longer than one year.

⁽⁵⁾  Includes Financial Advisors in the Consumer & Business Banking segment of 1,383 and 796 for the six months ended June 30, 2012 and 2011 and 1,383, 1,337, 1,143, 1,032 and 796 at June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011 and June 30, 2011, respectively.

⁽⁶⁾  Financial Advisor Productivity is defined as annualized MLGWM total revenue divided by the total number of financial advisors (excluding Financial Advisors in the Consumer & Business Banking segment). Total revenue excludes corporate allocation of net interest income related to certain ALM activities.

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

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

Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Net interest income (FTE basis)	$	507		$	1,370		$	84		$	423		$	401		$	7		$	543
Noninterest income:
Card income (2)	171			303			84			87			91			72			149
Equity investment income (loss)	354			2,554			(63		)	417			3,109			1,380			1,139
Gains on sales of debt securities	1,066			1,299			354			712			1,101			697			831
All other income (loss)	(2,324		)	(879		)	(71		)	(2,253		)	(411		)	4,113			(112		)
Total noninterest income	(733		)	3,277			304			(1,037		)	3,890			6,262			2,007
Total revenue, net of interest expense (FTE basis)	(226		)	4,647			388			(614		)	4,291			6,269			2,550
Provision for credit losses	1,782			4,007			536			1,246			792			1,374			1,841
Goodwill impairment	—			—			—			—			581			—			—
Merger and restructuring charges	—			361			—			—			101			176			159
All other noninterest expense	3,135			2,318			849			2,286			1,176			573			587
Income (loss) before income taxes	(5,143		)	(2,039		)	(997		)	(4,146		)	1,641			4,146			(37		)
Income tax expense (benefit) (FTE basis)	(2,215		)	(759		)	(661		)	(1,554		)	279			(533		)	130
Net income (loss)	$	(2,928	)	$	(1,280	)	$	(336	)	$	(2,592	)	$	1,362		$	4,679		$	(167	)
Balance Sheet
Average
Total loans and leases	$	260,727		$	288,068		$	257,341		$	264,112		$	272,809		$	286,753		$	287,840
Total assets (3)	311,302			393,993			310,129			312,474			335,748			355,818			374,561
Total deposits	35,524			49,110			31,274			39,774			46,057			52,855			48,109
Allocated equity (4)	85,245			71,568			86,926			83,564			76,737			68,672			77,759
Period end
Total loans and leases	$	253,505		$	287,424		$	253,505		$	260,005		$	267,621		$	274,268		$	287,424
Total assets (5)	295,207			367,698			295,207			311,999			309,613			335,965			367,698
Total deposits	27,157			43,768			27,157			30,150			32,869			52,946			43,768

⁽¹⁾  All Other consists of two broad groupings, Equity Investments and Other. Equity Investments includes Global Principal Investments, Strategic and other investments. Other includes liquidating businesses, merger and restructuring charges, ALM activities such as the residential mortgage portfolio and investment securities, and activities including economic hedges, gains/losses on structured liabilities, the impact of certain allocation methodologies and accounting hedge ineffectiveness. Other also includes certain residential mortgage and discontinued real estate loans that are managed by Legacy Assets & Servicing within Consumer Real Estate Services.

⁽²⁾  During the third quarter of 2011, the international consumer card business results were moved to All Other from Consumer & Business Banking and prior periods were reclassified.

⁽³⁾  Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) of $514.2 billion and $493.7 billion for the six months ended June 30, 2012 and 2011; $516.6 billion, $511.8 billion, $493.7 billion, $509.7 billion and $501.4 billion for the second and first quarters of 2012, and the fourth, third and second quarters of 2011, respectively.

⁽⁴⁾  Represents the economic capital assigned to All Other as well as the remaining portion of equity not specifically allocated to the business segments.

⁽⁵⁾  Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) of $526.4 billion, $519.2 billion, $495.3 billion, $489.5 billion and $502.3 billion at June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011 and June 30, 2011, respectively.

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

This information is preliminary and based on company data available at the time of the presentation. 34

Bank of America Corporation and Subsidiaries
Equity Investments
(Dollars in millions)
	Global Principal Investments Exposures								Equity Investment Income
	June 30, 2012						March 31 2012		June 30, 2012
	Book Value		Unfunded Commitments		Total		Total		Three Months Ended			Six Months Ended
Global Principal Investments:
Private Equity Investments	$	1,236	$	75	$	1,311	$	1,583	$	(101	)	$	67
Global Real Estate	673		60		733		825		—			47
Global Strategic Capital	1,365		138		1,503		1,684		(19		)	96
Legacy/Other Investments	849		9		858		1,062		(17		)	56
Total Global Principal Investments	$	4,123	$	282	$	4,405	$	5,154	$	(137	)	$	266

Components of Equity Investment Income
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2012			First Quarter 2012		Fourth Quarter 2011		Third Quarter 2011			Second Quarter 2011
	2012		2011
Global Principal Investments	$	266	$	1,768	$	(137	)	$	403	$	212	$	(1,580	)	$	401
Strategic and other investments	88		786		74			14		2,897		2,960			738
Total equity investment income (loss) included in All Other	354		2,554		(63		)	417		3,109		1,380			1,139
Total equity investment income included in the business segments	779		133		431			348		118		66			73
Total consolidated equity investment income	$	1,133	$	2,687	$	368		$	765	$	3,227	$	1,446		$	1,212

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

This information is preliminary and based on company data available at the time of the presentation. 35

Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	June 30 2012		March 31 2012		June 30 2011
Consumer
Residential mortgage (1)	$	252,635	$	256,431	$	266,333
Home equity	118,011		121,246		130,654
Discontinued real estate (2)	10,059		10,453		12,003
U.S. credit card	94,291		96,433		104,659
Non-U.S. credit card	13,431		13,914		26,037
Direct/Indirect consumer (3)	83,164		86,128		90,258
Other consumer (4)	2,568		2,607		2,762
Total consumer loans excluding loans accounted for under the fair value option	574,159		587,212		632,706
Consumer loans accounted for under the fair value option (5)	1,172		2,204		5,194
Total consumer	575,331		589,416		637,900
Commercial
U.S. commercial (6)	197,718		193,684		190,606
Commercial real estate (7)	36,535		38,049		44,028
Commercial lease financing	21,692		21,556		21,391
Non-U.S. commercial	53,850		52,601		42,929
Total commercial loans excluding loans accounted for under the option	309,795		305,890		298,954
Commercial loans accounted for under the fair value option (5)	7,189		6,988		4,403
Total commercial	316,984		312,878		303,357
Total loans and leases	$	892,315	$	902,294	$	941,257

⁽¹⁾  Includes non-U.S. residential mortgages of $92 million, $87 million and $90 million at June 30, 2012, March 31, 2012 and June 30, 2011.

⁽²⁾  Includes $9.0 billion, $9.3 billion and $10.7 billion of pay option loans, and $1.1 billion, $1.1 billion and $1.3 billion of subprime loans at June 30, 2012, March 31, 2012 and June 30, 2011. The Corporation no longer originates these products.

⁽³⁾  Includes dealer financial services loans of $36.7 billion, $40.2 billion and $42.1 billion, consumer lending loans of $6.3 billion, $7.1 billion and $9.9 billion, U.S. securities-based lending margin loans of $25.7 billion, $24.0 billion and $21.3 billion, student loans of $5.4 billion, $5.7 billion and $6.3 billion, non-U.S. consumer loans of $7.8 billion, $7.6 billion and $8.7 billion, and other consumer loans of $1.3 billion, $1.5 billion and $2.0 billion at June 30, 2012, March 31, 2012 and June 30, 2011.

⁽⁴⁾  Includes consumer finance loans of $1.5 billion, $1.6 billion and $1.8 billion, other non-U.S. consumer loans of $908 million, $951 million and $866 million, and consumer overdrafts of $127 million, $58 million and $104 million at June 30, 2012, March 31, 2012 and June 30, 2011.

⁽⁵⁾  Consumer loans are accounted for under the fair value option and include residential mortgages of $172 million, $881 million and $1.2 billion and discontinued real estate of $1.0 billion, $1.3 billion and $4.0 billion at June 30, 2012, March 31, 2012 and June 30, 2011 Commercial loans are accounted for under the fair value option and include U.S. commercial loans of $1.9 billion, $2.2 billion and $1.6 billion, non-U.S. commercial loans of $5.3 billion, $4.8 billion and $2.8 billion, and commercial real estate loans of $11 million at June 30, 2011.

⁽⁶⁾  Includes U.S. small business commercial loans, including card related products, of $12.8 billion, $13.0 billion and $13.9 billion at June 30, 2012, March 31, 2012 and June 30, 2011.

⁽⁷⁾  Includes U.S. commercial real estate loans of $35.0 billion, $36.3 billion and $41.7 billion, and non-U.S. commercial real estate loans of $1.5 billion, $1.7 billion and $2.3 billion at June 30, 2012, March 31, 2012 and June 30, 2011.

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

This information is preliminary and based on company data available at the time of the presentation. 36

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment
(Dollars in millions)
	Second Quarter 2012
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		Global Banking		Global Markets		GWIM		All  Other
Consumer
Residential mortgage	$	255,349	$	—	$	211	$	—	$	101	$	37,718	$	217,319
Home equity	119,657		—		105,503		—		1		13,936		217
Discontinued real estate	11,144		—		901		—		—		—		10,243
U.S. credit card	95,018		95,018		—		—		—		—		—
Non-U.S. credit card	13,641		—		—		—		—		—		13,641
Direct/Indirect consumer	84,198		6,777		85		37,834		29		33,858		5,615
Other consumer	2,565		584		—		7		—		8		1,966
Total consumer	581,572		102,379		106,700		37,841		131		85,520		249,001
Commercial
U.S. commercial	199,644		32,182		24		125,424		18,460		16,966		6,588
Commercial real estate	37,627		2,296		1		32,335		180		1,531		1,284
Commercial lease financing	21,446		—		—		23,123		—		4		(1,681		)
Non-U.S. commercial	59,209		15		—		49,089		7,875		81		2,149
Total commercial	317,926		34,493		25		229,971		26,515		18,582		8,340
Total loans and leases	$	899,498	$	136,872	$	106,725	$	267,812	$	26,646	$	104,102	$	257,341
	First Quarter 2012
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		Global Banking		Global Markets		GWIM		All  Other
Consumer
Residential mortgage	$	260,573	$	—	$	949	$	—	$	95	$	37,201	$	222,328
Home equity	122,933		—		108,335		—		—		14,372		226
Discontinued real estate	12,082		—		1,304		—		—		—		10,778
U.S. credit card	98,334		98,334		—		—		—		—		—
Non-U.S. credit card	14,151		—		—		—		—		—		14,151
Direct/Indirect consumer	88,321		7,648		89		42,040		5		32,652		5,887
Other consumer	2,617		527		—		6		—		10		2,074
Total consumer	599,011		106,509		110,677		42,046		100		84,235		255,444
Commercial
U.S. commercial	195,111		32,702		77		128,864		11,973		17,108		4,387
Commercial real estate	39,190		2,353		1		33,651		185		1,551		1,449
Commercial lease financing	21,679		—		—		23,387		—		4		(1,712		)
Non-U.S. commercial	58,731		14		—		49,126		4,909		138		4,544
Total commercial	314,711		35,069		78		235,028		17,067		18,801		8,668
Total loans and leases	$	913,722	$	141,578	$	110,755	$	277,074	$	17,167	$	103,036	$	264,112
	Second Quarter 2011
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		Global Banking		Global Markets		GWIM		All  Other
Consumer
Residential mortgage	$	265,420	$	—	$	1,167	$	—	$	101	$	36,367	$	227,785
Home equity	131,786		—		115,250		—		—		15,248		1,288
Discontinued real estate	15,997		—		3,548		—		—		9		12,440
U.S. credit card	106,164		106,164		—		—		—		—		—
Non-U.S. credit card	27,259		—		—		—		—		—		27,259
Direct/Indirect consumer	89,403		10,565		94		41,048		559		30,231		6,906
Other consumer	2,745		1,691		—		24		—		9		1,021
Total consumer	638,774		118,420		120,059		41,072		660		81,864		276,699
Commercial
U.S. commercial	190,479		34,118		1,619		118,172		8,873		18,322		9,375
Commercial real estate	45,762		2,568		5		38,770		445		1,792		2,182
Commercial lease financing	21,284		—		—		23,041		1		34		(1,792		)
Non-U.S. commercial	42,214		16		—		39,089		1,544		189		1,376
Total commercial	299,739		36,702		1,624		219,072		10,863		20,337		11,141
Total loans and leases	$	938,513	$	155,122	$	121,683	$	260,144	$	11,523	$	102,201	$	287,840

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

This information is preliminary and based on company data available at the time of the presentation. 37

Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry (1, 2, 3)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	June 30 2012		March 31 2012		June 30 2011		June 30 2012			March 31 2012			June 30 2011
Diversified financials	$	60,797	$	56,119	$	51,889	$	93,272		$	87,171		$	79,056
Real estate (4)	44,420		45,779		53,597		59,886			60,770			67,093
Government and public education	41,816		41,981		42,153		53,991			55,126			58,027
Capital goods	22,850		23,127		23,880		45,987			49,730			46,822
Healthcare equipment and services	30,171		30,636		28,757		45,385			47,590			45,608
Retailing	26,861		25,663		25,530		45,159			45,088			45,604
Banks	34,209		30,562		32,005		38,310			34,433			35,461
Materials	19,236		19,875		17,696		36,710			37,863			35,831
Consumer services	22,672		24,111		23,195		35,795			37,799			37,735
Energy	14,030		15,569		12,661		31,487			32,476			29,817
Food, beverage and tobacco	14,441		14,817		14,697		31,019			29,296			28,920
Commercial services and supplies	18,388		18,431		20,740		29,564			29,290			31,344
Utilities	8,675		7,938		6,407		23,444			24,229			24,697
Media	11,099		11,037		10,730		20,215			21,091			20,461
Transportation	12,784		12,625		11,778		19,505			19,503			18,129
Individuals and trusts	13,937		14,483		16,249		17,298			18,239			20,498
Insurance, including monolines	8,832		8,998		16,306		15,312			15,344			23,059
Pharmaceuticals and biotechnology	4,457		4,463		4,998		11,555			11,678			12,152
Technology hardware and equipment	4,643		4,680		4,557		10,694			10,954			11,005
Religious and social organizations	7,842		7,989		8,087		10,361			10,868			10,319
Software and services	4,464		4,517		3,480		10,134			10,676			8,995
Telecommunication services	3,792		3,936		3,890		9,756			9,977			10,096
Consumer durables and apparel	3,997		4,370		4,329		8,192			8,726			8,938
Automobiles and components	3,277		2,951		2,466		7,583			7,363			6,391
Food and staples retailing	3,191		3,226		3,123		6,470			6,470			6,521
Other	4,558		6,345		3,521		7,338			8,954			7,191
Total commercial credit exposure by industry	$	445,439	$	444,228	$	446,721	$	724,422		$	730,704		$	729,770
Net credit default protection purchased on total commitments (5)							$	(18,697	)	$	(19,880	)	$	(19,861	)

⁽¹⁾  Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers’ acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by the amount of cash collateral applied of $59.3 billion, $60.6 billion and $58.8 billion at June 30, 2012, March 31, 2012 and June 30, 2011. Not reflected in utilized and committed exposure is additional derivative collateral held of $17.1 billion, $16.7 billion and $15.7 billion which consists primarily of other marketable securities at June 30, 2012, March 31, 2012 and June 30, 2011.

⁽²⁾  Total commercial utilized and total commercial committed exposure includes loans and letters of credit measured at fair value and are comprised of loans outstanding of $7.2 billion, $7.0 billion and $4.4 billion and issued letters of credit at notional value of $748 million, $1.0 billion and $1.2 billion at June 30, 2012, March 31, 2012 and June 30, 2011. In addition, total commercial committed exposure includes unfunded loan commitments at notional value of $21.1 billion, $23.0 billion and $26.8 billion at June 30, 2012, March 31, 2012 and June 30, 2011.

⁽³⁾  Includes U.S. small business commercial exposure.

⁽⁴⁾  Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based upon the borrowers’ or counterparties’ primary business activity using operating cash flows and primary source of repayment as key factors.

⁽⁵⁾  Represents net notional credit protection purchased.

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

This information is preliminary and based on company data available at the time of the presentation. 38

Bank of America Corporation and Subsidiaries
Net Credit Default Protection by Maturity Profile (1)
	June 30 2012		March 31 2012
Less than or equal to one year	14	%	16	%
Greater than one year and less than or equal to five years	80		78
Greater than five years	6		6
Total net credit default protection	100	%	100	%

⁽¹⁾  To mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of maturities for net credit default protection purchased is shown above.

Net Credit Default Protection by Credit Exposure Debt Rating (1)
(Dollars in millions)
	June 30, 2012					March 31, 2012
Ratings (2, 3)	Net Notional			Percent		Net Notional			Percent
AAA	$	(209	)	1.1	%	$	(201	)	1.0	%
AA	(707		)	3.8		(583		)	2.9
A	(8,051		)	43.1		(8,667		)	43.6
BBB	(6,972		)	37.3		(7,387		)	37.2
BB	(1,106		)	5.9		(965		)	4.9
B	(1,211		)	6.5		(1,386		)	7.0
CCC and below	(494		)	2.6		(543		)	2.7
NR (4)	53			(0.3	)	(148		)	0.7
Total net credit default protection	$	(18,697	)	100.0	%	$	(19,880	)	100.0	%

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

⁽²⁾  Ratings are refreshed on a quarterly basis.

⁽³⁾  Ratings of BBB- or higher are considered to meet the definition of investment-grade.

⁽⁴⁾  In addition to names which have not been rated, “NR” includes $0 and $9 million in net credit default swap index positions at June 30, 2012 and March 31, 2012. While index positions are principally investment grade, credit default swaps indices include names in and across each of the ratings categories.

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

This information is preliminary and based on company data available at the time of the presentation. 39

Bank of America Corporation and Subsidiaries
Selected Emerging Markets (1)
(Dollars in millions)	Loans and Leases, and Loan Commitments		Other Financing (2)		Net Counterparty Exposure (3)		Securities / Other Investments (4)		Total Cross-border Exposure (5)		Local Country Exposure Net of Local Liabilities (6)		Total Selected Emerging Market Exposure at June 30, 2012		Increase (Decrease) from March 31, 2012
Region/Country
Asia Pacific
India	$	4,615	$	1,156	$	651	$	2,756	$	9,178	$	328	$	9,506	$	429
China (7)	4,213		206		913		2,063		7,395		314		7,709		538
South Korea	1,182		1,028		437		2,824		5,471		1,800		7,271		(564		)
Hong Kong	533		545		346		857		2,281		1,806		4,087		325
Singapore	597		134		463		1,598		2,792		—		2,792		(77		)
Taiwan	523		21		142		940		1,626		780		2,406		53
Thailand	81		10		48		858		997		—		997		(194		)
Other Asia Pacific (8)	764		42		175		700		1,681		—		1,681		(44		)
Total Asia Pacific	$	12,508	$	3,142	$	3,175	$	12,596	$	31,421	$	5,028	$	36,449	$	466
Latin America
Brazil	$	2,073	$	138	$	380	$	2,496	$	5,087	$	2,363	$	7,450	$	172
Mexico	2,063		383		332		723		3,501		—		3,501		240
Chile	1,078		54		258		16		1,406		22		1,428		89
Other Latin America (8)	575		411		31		301		1,318		156		1,474		(52		)
Total Latin America	$	5,789	$	986	$	1,001	$	3,536	$	11,312	$	2,541	$	13,853	$	449
Middle East and Africa
United Arab Emirates	$	2,195	$	46	$	170	$	66	$	2,477	$	—	$	2,477	$	525
South Africa	505		48		158		9		720		—		720		85
Saudi Arabia	167		72		445		4		688		22		710		(14		)
Other Middle East and Africa (8)	677		109		104		206		1,096		8		1,104		(144		)
Total Middle East and Africa	$	3,544	$	275	$	877	$	285	$	4,981	$	30	$	5,011	$	452
Central and Eastern Europe
Russian Federation	$	1,999	$	326	$	30	$	160	$	2,515	$	11	$	2,526	$	(13	)
Turkey	1,190		553		34		449		2,226		89		2,315		649
Other Central and Eastern Europe (8)	103		229		163		404		899		—		899		215
Total Central and Eastern Europe	$	3,292	$	1,108	$	227	$	1,013	$	5,640	$	100	$	5,740	$	851
Total emerging market exposure	$	25,133	$	5,511	$	5,280	$	17,430	$	53,354	$	7,699	$	61,053	$	2,218

⁽¹⁾  There is no generally accepted definition of emerging markets. The definition that we use includes all countries in Asia Pacific excluding Japan, Australia and New Zealand; all countries in Latin America excluding Cayman Islands and Bermuda; all countries in Middle East and Africa; and all countries in Central and Eastern Europe. At June 30, 2012 and March 31, 2012, there was $2.9 billion and $2.6 billion in emerging market exposure accounted for under the fair value option.

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

⁽³⁾  Net counterparty exposure includes the fair value of derivatives and secured financing transactions. Derivatives have been reduced by $1.4 billion in collateral, predominantly in cash, pledged under legally enforceable netting agreements. Secured financing transactions have been reduced by eligible cash or securities pledged. The notional amount of repurchase transactions was $5.0 billion at June 30, 2012.

⁽⁴⁾  Securities exposures are reduced by hedges and short positions on a single-name basis to but not below zero.

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

⁽⁶⁾  Local country exposure includes amounts payable to the Corporation by borrowers with a country of residence in which the credit is booked regardless of the currency in which the claim is denominated. Local funding or liabilities are subtracted from local exposures consistent with FFIEC reporting requirements. Total amount of available local liabilities funding local country exposure was $17.3 billion and $16.8 billion at June 30, 2012 and March 31, 2012. Local liabilities at June 30, 2012 in Asia Pacific, Latin America, and Middle East and Africa were $15.0 billion, $1.9 billion and $318 million, respectively, of which $6.3 billion was in Singapore, $2.6 billion in China, $1.6 billion in Hong Kong, $1.4 billion in both India and Mexico, $854 million in Korea, $653 million in Thailand, $593 million in Malaysia, $586 million in Taiwan and $545 million in Brazil. There were no other countries with available local liabilities funding localcountry exposure greater than $500 million.

⁽⁷⁾  Securities/other investments includes investment of $716 million in China Construction Bank.

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

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

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

Bank of America Corporation and Subsidiaries
Selected European Countries
(Dollars in millions)	Funded Loans and Loan Equivalents (1)		Unfunded Loan Commitments		Net Counterparty Exposure (2)		Securities/ Other Investments (3)		Country Exposure at June 30, 2012		Hedges and Credit Default Protection (4)			Net Country Exposure at June 30,  2012 (5)			Increase (Decrease) from March 31, 2012
Greece
Sovereign	$	—	$	—	$	—	$	6	$	6	$	—		$	6		$	7
Financial Institutions	—		—		10		12		22		(4		)	18			3
Corporates	311		106		21		30		468		(1		)	467			5
Total Greece	$	311	$	106	$	31	$	48	$	496	$	(5	)	$	491		$	15
Ireland
Sovereign	$	17	$	—	$	17	$	8	$	42	$	—		$	42		$	(3	)
Financial Institutions	121		328		157		395		1,001		(14		)	987			128
Corporates	1,054		291		74		31		1,450		(19		)	1,431			242
Total Ireland	$	1,192	$	619	$	248	$	434	$	2,493	$	(33	)	$	2,460		$	367
Italy
Sovereign	$	—	$	—	$	1,656	$	526	$	2,182	$	(1,701	)	$	481		$	(634	)
Financial Institutions	1,826		211		111		201		2,349		(559		)	1,790			392
Corporates	1,844		1,512		173		175		3,704		(1,221		)	2,483			(12		)
Total Italy	$	3,670	$	1,723	$	1,940	$	902	$	8,235	$	(3,481	)	$	4,754		$	(254	)
Portugal
Sovereign	$	—	$	—	$	44	$	—	$	44	$	(65	)	$	(21	)	$	(19	)
Financial Institutions	15		—		13		60		88		(13		)	75			118
Corporates	148		71		15		46		280		(172		)	108			(13		)
Total Portugal	$	163	$	71	$	72	$	106	$	412	$	(250	)	$	162		$	86
Spain
Sovereign	$	36	$	6	$	28	$	1	$	71	$	(327	)	$	(256	)	$	(114	)
Financial Institutions	49		13		138		148		348		(73		)	275			(324		)
Corporates	1,609		632		153		63		2,457		(746		)	1,711			69
Total Spain	$	1,694	$	651	$	319	$	212	$	2,876	$	(1,146	)	$	1,730		$	(369	)
Total
Sovereign	$	53	$	6	$	1,745	$	541	$	2,345	$	(2,093	)	$	252		$	(763	)
Financial Institutions	2,011		552		429		816		3,808		(663		)	3,145			317
Corporates	4,966		2,612		436		345		8,359		(2,159		)	6,200			291
Total selected European exposure	$	7,030	$	3,170	$	2,610	$	1,702	$	14,512	$	(4,915	)	$	9,597		$	(155	)

⁽¹⁾  Includes loans, leases, overdrafts, acceptances, due froms, standby letters of credit, commercial letters of credit and formal guarantees, which have not been reduced by collateral, hedges or credit default protection. Funded loans are reported prior to any impairment provision.

⁽²⁾  Net counterparty exposure includes the fair value of derivatives and secured financing transactions. Derivatives have been reduced by $3.7 billion in collateral, predominantly in cash, pledged under legally enforceable netting agreements. Secured financing transactions have been reduced by eligible cash or securities pledged. The notional amount of the repurchase transactions was $732 million at June 30, 2012. Counterparty exposure has not been reduced by hedges or credit default protection.

⁽³⁾  Securities exposures are reduced by hedges and short positions on a single-name basis to but not below zero.

⁽⁴⁾  Represents unapplied net credit default protection purchased, including $(2.8) billion in net credit default protection purchased to hedge loans and securities, $(2.1) billion in additional credit default protection to hedge derivative assets and $(49) million in other short positions. Based on the credit default protection notional amount assuming zero recovery adjusted for any fair value receivable or payable.

⁽⁵⁾  Represents country exposure less the fair value of hedges and credit default protection.

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

This information is preliminary and based on company data available at the time of the presentation. 41

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	June 30 2012			March 31 2012			December 31 2011			September 30 2011			June 30 2011
Residential mortgage	$	14,621		$	15,049		$	15,970		$	16,430		$	16,726
Home equity (1)	4,207			4,360			2,453			2,333			2,345
Discontinued real estate	257			269			290			308			324
Direct/Indirect consumer	35			41			40			52			58
Other consumer	1			5			15			24			25
Total consumer	19,121			19,724			18,768			19,147			19,478
U.S. commercial	1,841			2,048			2,174			2,518			2,767
Commercial real estate	2,498			3,404			3,880			4,474			5,051
Commercial lease financing	39			38			26			23			23
Non-U.S. commercial	194			140			143			145			108
	4,572			5,630			6,223			7,160			7,949
U.S. small business commercial	143			121			114			139			156
Total commercial	4,715			5,751			6,337			7,299			8,105
Total nonperforming loans and leases	23,836			25,475			25,105			26,446			27,583
Foreclosed properties	1,541			2,315			2,603			2,613			2,475
Total nonperforming loans, leases and foreclosed properties (2, 3, 4)	$	25,377		$	27,790		$	27,708		$	29,059		$	30,058
Fully-insured home loans past due 90 days or more and still accruing	$	22,287		$	21,176		$	21,164		$	20,299		$	20,047
Consumer credit card past due 90 days or more and still accruing	1,847			2,160			2,412			2,544			3,020
Other loans past due 90 days or more and still accruing	865			984			1,060			1,163			1,223
Total loans past due 90 days or more and still accruing (3, 5, 6)	$	24,999		$	24,320		$	24,636		$	24,006		$	24,290
Nonperforming loans, leases and foreclosed properties/Total assets (7)	1.18		%	1.28		%	1.31		%	1.32		%	1.33		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (7)	2.87			3.10			3.01			3.15			3.22
Nonperforming loans and leases/Total loans and leases (7)	2.70			2.85			2.74			2.87			2.96
Commercial utilized reservable criticized exposure (8)	$	20,442		$	24,457		$	27,247		$	30,901		$	35,110
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure (8)	5.64		%	6.77		%	7.41		%	8.51		%	9.73		%
Total commercial utilized criticized exposure/Commercial utilized exposure (8)	5.92			6.86			7.47			8.35			10.80

⁽¹⁾  During the first quarter of 2012, the bank regulatory agencies jointly issued interagency supervisory guidance on nonaccrual status for junior-lien consumer real estate loans. In accordance with this regulatory interagency guidance, we classify junior-lien home equity loans as nonperforming when the first-lien loan becomes 90 days past due even if the junior-lien loan is performing. As a result of this change, we reclassified $1.9 billion of performing home equity loans to nonperforming at March 31, 2012. Prior period amounts have not been restated.

⁽²⁾  Balances do not include past due consumer credit card, consumer loans secured by real estate where repayments are insured by the Federal Housing Administration and individually insured long-term stand-by agreements (fully-insured home loans), and in general, other consumer and commercial loans not secured by real estate.

⁽³⁾  Balances do not include purchased credit-impaired loans even though the customer may be contractually past due. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

(4) Balances do not include the following:	June 30 2012		March 31 2012		December 31 2011		September 30 2011		June 30 2011
Nonperforming loans held-for-sale	$	1,363	$	1,491	$	1,730	$	1,750	$	2,059
Nonperforming loans accounted for under the fair value option	453		798		786		2,032		2,389
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	461		459		477		474		465

⁽⁵⁾  Balances do not include loans held-for-sale past due 90 days or more and still accruing of $31 million, $49 million, $41 million, $67 million and $19 million at June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011 and June 30, 2011, respectively. At June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011 and June 30, 2011, there were no loans accounted for under the fair value option past due 90 days or more and still accruing interest.

⁽⁶⁾  These balances are excluded from total nonperforming loans, leases and foreclosed properties.

⁽⁷⁾ Total assets and total loans and leases do not include loans accounted for under the fair value option of $8.4 billion, $9.2 billion, $8.8 billion, $11.2 billion and $9.6 billion at June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011 and June 30, 2011, respectively.

⁽⁸⁾ Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure excludes loans held-for-sale, exposure accounted for under the fair value option and other nonreservable exposure.

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

This information is preliminary and based on company data available at the time of the presentation. 42

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
Nonperforming Consumer Loans:
Balance, beginning of period	$	19,724		$	18,768		$	19,147		$	19,478		$	20,456
Additions to nonperforming loans:
New nonperforming loans	3,259			3,308			3,757			4,036			3,803
Impact of regulatory interagency guidance (2)	—			1,853			—			—			—
Reductions in nonperforming loans:
Paydowns	(858		)	(1,153		)	(803		)	(944		)	(792		)
Returns to performing status (3)	(1,271		)	(913		)	(1,018		)	(1,072		)	(1,311		)
Charge-offs (4)	(1,541		)	(1,737		)	(1,833		)	(1,972		)	(2,270		)
Transfers to foreclosed properties	(192		)	(402		)	(482		)	(379		)	(408		)
Total net additions/(reductions) to nonperforming loans	(603		)	956			(379		)	(331		)	(978		)
Total nonperforming consumer loans, end of period	19,121			19,724			18,768			19,147			19,478
Foreclosed properties	1,108			1,805			1,991			1,892			1,797
Total nonperforming consumer loans and foreclosed properties, end of period	$	20,229		$	21,529		$	20,759		$	21,039		$	21,275
Nonperforming Commercial Loans and Leases (5):
Balance, beginning of period	$	5,751		$	6,337		$	7,299		$	8,105		$	9,131
Additions to nonperforming loans and leases:
New nonperforming loans and leases	788			599			1,084			1,231			1,042
Advances	14			24			20			18			52
Reductions in nonperforming loans and leases:
Paydowns	(806		)	(573		)	(949		)	(721		)	(1,023		)
Sales	(392		)	(137		)	(211		)	(554		)	(141		)
Return to performing status (6)	(152		)	(145		)	(358		)	(143		)	(362		)
Charge-offs (7)	(379		)	(291		)	(386		)	(412		)	(290		)
Transfers to foreclosed properties	(109		)	(63		)	(128		)	(205		)	(241		)
Transfers to loans held-for-sale	—			—			(34		)	(20		)	(63		)
Total net reductions in nonperforming loans and leases	(1,036		)	(586		)	(962		)	(806		)	(1,026		)
Total nonperforming commercial loans and leases, end of period	4,715			5,751			6,337			7,299			8,105
Foreclosed properties	433			510			612			721			678
Total nonperforming commercial loans, leases and foreclosed properties, end of period	$	5,148		$	6,261		$	6,949		$	8,020		$	8,783

⁽¹⁾  For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 42.

⁽²⁾  During the first quarter of 2012, the bank regulatory agencies jointly issued interagency supervisory guidance on nonaccrual status for junior-lien consumer real estate loans. In accordance with this regulatory interagency guidance, beginning in the first quarter of 2012, we classify junior-lien home equity loans as nonperforming when the first-lien loan becomes 90 days past due even if the junior-lien loan is performing. As a result of this change, we reclassified $1.9 billion of performing home equity loans to nonperforming at March 31, 2012. Prior period amounts have not been restated.

⁽³⁾ Consumer loans may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Certain troubled debt restructurings are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months.

⁽⁴⁾   Our policy is not to classify consumer credit card and consumer loans not secured by real estate as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and accordingly are excluded from this table.

⁽⁵⁾ Includes U.S. small business commercial activity.

⁽⁶⁾ Commercial loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected or when the loan otherwise becomes well-secured and is in the process of collection. Troubled debt restructurings are generally classified as performing after a sustained period of demonstrated payment performance.

⁽⁷⁾ Small business card loans are not classified as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and accordingly are excluded from this table.

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

This information is preliminary and based on company data available at the time of the presentation. 43

Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios (1)
(Dollars in millions)
	Second Quarter 2012				First Quarter 2012					Fourth Quarter 2011					Third Quarter 2011					Second Quarter 2011
Net Charge-offs	Amount		Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
Residential mortgage	$	734	1.16	%	$	898		1.39	%	$	834		1.25	%	$	989		1.47	%	$	1,104		1.67	%
Home equity	892		3.00		957			3.13		939			2.95		1,092			3.35		1,263			3.84
Discontinued real estate	16		0.65		16			0.59		22			0.76		24			0.80		26			0.84
U.S. credit card	1,244		5.27		1,331			5.44		1,432			5.55		1,639			6.28		1,931			7.29
Non-U.S. credit card	135		3.97		203			5.78		(36		)	(0.89	)	374			5.83		429			6.31
Direct/Indirect consumer	181		0.86		226			1.03		284			1.24		301			1.32		366			1.64
Other consumer	49		7.71		56			8.59		63			9.04		56			7.81		43			6.44
Total consumer	3,251		2.25		3,687			2.48		3,538			2.28		4,475			2.82		5,162			3.27
U.S. Commercial (2)	94		0.20		66			0.15		78			0.17		78			0.18		60			0.14
Commercial real estate	77		0.83		132			1.36		200			1.95		296			2.73		163			1.43
Commercial lease financing	14		0.25		(9		)	(0.16	)	32			0.59		(1		)	(0.01	)	(8		)	(0.15	)
Non-U.S. commercial	7		0.06		(5		)	(0.04	)	18			0.15		18			0.15		13			0.13
	192		0.26		184			0.25		328			0.44		391			0.54		228			0.32
U.S. small business commercial	183		5.74		185			5.63		188			5.55		220			6.36		275			7.78
Total commercial	375		0.49		369			0.48		516			0.66		611			0.81		503			0.68
Total net charge-offs	$	3,626	1.64		$	4,056		1.80		$	4,054		1.74		$	5,086		2.17		$	5,665		2.44
By Business Segment
Consumer & Business Banking	$	1,669	4.91	%	$	1,766		5.02	%	$	1,925		5.19	%	$	2,179		5.71	%	$	2,598		6.72	%
Consumer Real Estate Services	845		3.21		915			3.39		894			3.14		1,036			3.58		1,213			4.16
Global Banking	159		0.24		171			0.25		304			0.45		374			0.56		184			0.29
Global Markets	—		—		7			0.17		10			0.26		—			—		—			—
Global Wealth & Investment Management	89		0.34		93			0.36		113			0.44		135			0.52		129			0.50
All Other	864		1.35		1,104			1.68		808			1.17		1,362			1.89		1,541			2.15
Total net charge-offs	$	3,626	1.64		$	4,056		1.80		$	4,054		1.74		$	5,086		2.17		$	5,665		2.44

⁽¹⁾  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category.

⁽²⁾  Excludes U.S. small business commercial loans.

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

This information is preliminary and based on company data available at the time of the presentation. 44

Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1)
(Dollars in millions)
	Six Months Ended June 30
	2012				2011
Net Charge-offs	Amount		Percent		Amount			Percent
Residential mortgage	$	1,632	1.28	%	$	2,009		1.54	%
Home equity	1,849		3.06		2,442			3.68
Discontinued real estate	32		0.62		46			0.73
U.S. credit card	2,575		5.36		4,205			7.85
Non-U.S. credit card	338		4.89		831			6.11
Direct/Indirect consumer	407		0.95		891			2.00
Other consumer	105		8.15		83			6.19
Total consumer	6,938		2.37		10,507			3.32
U.S. Commercial (2)	160		0.18		39			0.05
Commercial real estate	209		1.10		451			1.93
Commercial lease financing	5		0.04		(7		)	(0.06	)
Non-U.S. commercial	2		0.01		116			0.64
	376		0.26		599			0.43
U.S. small business commercial	368		5.68		587			8.24
Total commercial	744		0.48		1,186			0.81
Total net charge-offs	$	7,682	1.72		$	11,693		2.53
By Business Segment
Consumer & Business Banking	$	3,435	4.96	%	$	5,664		7.23	%
Consumer Real Estate Services	1,760		3.30		2,327			3.95
Global Banking	330		0.25		580			0.46
Global Markets	7		0.07		(1		)	(0.02	)
Global Wealth & Investment Management	182		0.35		217			0.43
All Other	1,968		1.52		2,906			2.04
Total net charge-offs	$	7,682	1.72		$	11,693		2.53

⁽¹⁾  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category.

⁽²⁾  Excludes U.S. small business commercial loans.

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

This information is preliminary and based on company data available at the time of the presentation. 45

Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	June 30, 2012						March 31, 2012						June 30, 2011
Allowance for loan and lease losses	Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)
Residential mortgage	$	5,899	19.48	%	2.33	%	$	6,141	19.06	%	2.39	%	$	5,845	15.66	%	2.19	%
Home equity	11,994		39.60		10.16		12,701		39.43		10.48		13,111		35.14		10.03
Discontinued real estate	2,071		6.84		20.59		2,131		6.62		20.39		1,997		5.35		16.64
U.S. credit card	5,228		17.26		5.54		5,680		17.63		5.89		7,540		20.21		7.20
Non-U.S. credit card	777		2.57		5.79		828		2.57		5.95		1,771		4.75		6.80
Direct/Indirect consumer	875		2.89		1.05		1,001		3.11		1.16		1,475		3.95		1.63
Other consumer	144		0.47		5.59		155		0.48		5.96		145		0.39		5.25
Total consumer	26,988		89.11		4.70		28,637		88.90		4.88		31,884		85.45		5.04
U.S. commercial (2)	2,016		6.66		1.02		2,098		6.51		1.08		2,792		7.48		1.46
Commercial real estate	967		3.19		2.65		1,166		3.62		3.06		2,314		6.20		5.26
Commercial lease financing	80		0.26		0.37		79		0.25		0.37		99		0.27		0.46
Non-U.S. commercial	237		0.78		0.44		231		0.72		0.44		223		0.60		0.52
Total commercial (3)	3,300		10.89		1.07		3,574		11.10		1.17		5,428		14.55		1.82
Allowance for loan and lease losses	30,288		100.00	%	3.43		32,211		100.00	%	3.61		37,312		100.00	%	4.00
Reserve for unfunded lending commitments	574						651						897
Allowance for credit losses	$	30,862					$	32,862					$	38,209
Asset Quality Indicators
Allowance for loan and lease losses/Total loans and leases (5)			3.43	%					3.61	%					4.00	%
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total loans and leases (excluding purchased credit-impaired loans) (4, 5)			2.50						2.70						3.24
Allowance for loan and lease losses/Total nonperforming loans and leases (6)			127						126						135
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases (4)			90						91						105
Allowance for loan and lease losses/Annualized net charge-offs			2.08						1.97						1.64
Allowance for loan and lease losses (excluding purchased credit-impaired loans)/Annualized net charge-offs (4)			1.46						1.43						1.28

⁽¹⁾  Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. Consumer loans accounted for under the fair value option includes residential mortgage loans of $172 million, $881 million and $1.2 billion, and discontinued real estate loans of $1.0 billion, $1.3 billion and $4.0 billion at June 30, 2012, March 31, 2012 and June 30, 2011, respectively. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $1.9 billion, $2.2 billion and $1.6 billion, non-U.S. commercial loans of $5.3 billion, $4.8 billion and $2.8 billion, and commercial real estate loans of $0, $0 and $11 million at June 30, 2012, March 31, 2012 and June 30, 2011, respectively.

⁽²⁾  Includes allowance for U.S. small business commercial loans of $812 million, $811 million and $1.0 billion at June 30, 2012, March 31, 2012 and June 30, 2011, respectively.

⁽³⁾  Includes allowance for loan and lease losses for impaired commercial loans of $419 million, $465 million and $778 million at June 30, 2012, March 31, 2012 and June 30, 2011, respectively.

⁽⁴⁾  Excludes valuation allowance on Countrywide purchased credit-impaired loans of $9.0 billion, $8.9 billion and $8.4 billion at June 30, 2012, March 31, 2012 and June 30, 2011, respectively.

⁽⁵⁾  Total loans and leases do not include loans accounted for under the fair value option of $8.4 billion, $9.2 billion and $9.6 billion at June 30, 2012, March 31, 2012 and June 30, 2011, respectively.

⁽⁶⁾  Allowance for loan and lease losses includes $16.3 billion, $17.0 billion and $19.9 billion allocated to products (primarily the Card Services portfolios within Consumer & Business Banking and purchased credit-impaired loans) that are excluded from nonperforming loans and leases at June 30, 2012, March 31, 2012 and June 30, 2011, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 59 percent, 60 percent and 63 percent at June 30, 2012, March 31, 2012 and June 30, 2011, respectively.

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

This information is preliminary and based on company data available at the time of the presentation. 46

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries

Reconciliations to GAAP Financial Measures

(Dollars in millions)

The Corporation evaluates its business based on a fully taxable-equivalent basis, a non-GAAP financial measure. The Corporation believes managing the business with net interest income on a fully taxable-equivalent basis provides a more accurate picture of the interest margin for comparative purposes. Total revenue, net of interest expense, includes net interest income on a fully taxable-equivalent basis and noninterest income. The Corporation views related ratios and analyses (i.e., efficiency ratios and net interest yield) on a fully taxable-equivalent basis. To derive the fully taxable-equivalent basis, net interest income is adjusted to reflect tax exempt income on an equivalent before-tax basis with a corresponding increase in income tax expense. This measure ensures comparability of net interest income arising from taxable and tax-exempt sources. The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield evaluates the basis points the Corporation earns over the cost of funds.

The Corporation also evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Return on average tangible common shareholders’ equity measures the Corporation’s earnings contribution as a percentage of average common shareholders’ equity less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible shareholders’ equity measures the Corporation’s earnings contribution as a percentage of average shareholders’ equity less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. The tangible common equity ratio represents ending common shareholders’ equity 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. The tangible equity ratio represents total ending shareholders’ equity 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. Tangible book value per common share represents ending common shareholders’ equity less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities divided by ending common shares outstanding. These measures are used to evaluate the Corporation’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.

In addition, the Corporation evaluates its business segment results based on return on average economic capital, a non-GAAP financial measure. Return on average economic capital for the segments is calculated as net income adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average economic capital. Economic capital represents average allocated equity less goodwill and a percentage of intangible assets. It also believes the use of this non-GAAP financial measure provides additional clarity in assessing the segments.

In certain presentations, earnings and diluted earnings per common share, the efficiency ratio, return on average assets, return on common shareholders’ equity, return on average tangible common shareholders’ equity and return on average tangible shareholders’ equity are calculated excluding the impact of goodwill impairment charges of $581 million and $2.6 billion recorded in the fourth and second quarters of 2011. Accordingly, these are non-GAAP financial measures.

See the tables below and on pages 48-50 for reconciliations of these non-GAAP financial measures with financial measures defined by GAAP for the three months ended June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011 and June 30, 2011 and the six months ended June 30, 2012 and 2011. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate supplemental financial data differently.

		Six Months Ended June 30					Second Quarter 2012		First Quarter 2012		Fourth Quarter 2011			Third Quarter 2011		Second Quarter 2011
		2012		2011
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income		$	20,394	$	23,425		$	9,548	$	10,846	$	10,701		$	10,490	$	11,246
Fully taxable-equivalent adjustment		441		465			234		207		258			249		247
Net interest income on a fully taxable-equivalent basis		$	20,835	$	23,890		$	9,782	$	11,053	$	10,959		$	10,739	$	11,493
Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis
Total revenue, net of interest expense		$	44,246	$	40,113		$	21,968	$	22,278	$	24,888		$	28,453	$	13,236
Fully taxable-equivalent adjustment		441		465			234		207		258			249		247
Total revenue, net of interest expense on a fully taxable-equivalent basis		$	44,687	$	40,578		$	22,202	$	22,485	$	25,146		$	28,702	$	13,483
Reconciliation of total noninterest expense to total noninterest expense, excluding goodwill impairment charges
Total noninterest expense		$	36,189	$	43,139		$	17,048	$	19,141	$	19,522		$	17,613	$	22,856
Goodwill impairment charges	��	—		(2,603		)	—		—		(581		)	—		(2,603		)
Total noninterest expense, excluding goodwill impairment charges		$	36,189	$	40,536		$	17,048	$	19,141	$	18,941		$	17,613	$	20,253
Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis
Income tax expense (benefit)		$	750	$	(3,318	)	$	684	$	66	$	441		$	1,201	$	(4,049	)
Fully taxable-equivalent adjustment		441		465			234		207		258			249		247
Income tax expense (benefit) on a fully taxable-equivalent basis		$	1,191	$	(2,853	)	$	918	$	273	$	699		$	1,450	$	(3,802	)
Reconciliation of net income (loss) to net income (loss), excluding goodwill impairment charges
Net income (loss)		$	3,116	$	(6,777	)	$	2,463	$	653	$	1,991		$	6,232	$	(8,826	)
Goodwill impairment charges		—		2,603			—		—		581			—		2,603
Net income (loss), excluding goodwill impairment charges		$	3,116	$	(4,174	)	$	2,463	$	653	$	2,572		$	6,232	$	(6,223	)
Reconciliation of net income (loss) applicable to common shareholders to net income (loss) applicable to common shareholders, excluding goodwill impairment charges
Net income (loss) applicable to common shareholders		$	2,426	$	(7,388	)	$	2,098	$	328	$	1,584		$	5,889	$	(9,127	)
Goodwill impairment charges		—		2,603			—		—		581			—		2,603
Net income (loss) applicable to common shareholders, excluding goodwill impairment charges		$	2,426	$	(4,785	)	$	2,098	$	328	$	2,165		$	5,889	$	(6,524	)

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

This information is preliminary and based on company data available at the time of the presentation. 47

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity
Common shareholders’ equity	$	215,466		$	216,367		$	216,782		$	214,150		$	209,324		$	204,928		$	218,505
Goodwill	(69,971		)	(73,834		)	(69,976		)	(69,967		)	(70,647		)	(71,070		)	(73,748		)
Intangible assets (excluding mortgage servicing rights)	(7,701		)	(9,580		)	(7,533		)	(7,869		)	(8,566		)	(9,005		)	(9,394		)
Related deferred tax liabilities	2,663			2,983			2,626			2,700			2,775			2,852			2,932
Tangible common shareholders’ equity	$	140,457		$	135,936		$	141,899		$	139,014		$	132,886		$	127,705		$	138,295
Reconciliation of average shareholders’ equity to average tangible shareholders’ equity
Shareholders’ equity	$	234,062		$	232,930		$	235,558		$	232,566		$	228,235		$	222,410		$	235,067
Goodwill	(69,971		)	(73,834		)	(69,976		)	(69,967		)	(70,647		)	(71,070		)	(73,748		)
Intangible assets (excluding mortgage servicing rights)	(7,701		)	(9,580		)	(7,533		)	(7,869		)	(8,566		)	(9,005		)	(9,394		)
Related deferred tax liabilities	2,663			2,983			2,626			2,700			2,775			2,852			2,932
Tangible shareholders’ equity	$	159,053		$	152,499		$	160,675		$	157,430		$	151,797		$	145,187		$	154,857
Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity
Common shareholders’ equity	$	217,213		$	205,614		$	217,213		$	213,711		$	211,704		$	210,772		$	205,614
Goodwill	(69,976		)	(71,074		)	(69,976		)	(69,976		)	(69,967		)	(70,832		)	(71,074		)
Intangible assets (excluding mortgage servicing rights)	(7,335		)	(9,176		)	(7,335		)	(7,696		)	(8,021		)	(8,764		)	(9,176		)
Related deferred tax liabilities	2,559			2,853			2,559			2,628			2,702			2,777			2,853
Tangible common shareholders’ equity	$	142,461		$	128,217		$	142,461		$	138,667		$	136,418		$	133,953		$	128,217
Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity
Shareholders’ equity	$	235,975		$	222,176		$	235,975		$	232,499		$	230,101		$	230,252		$	222,176
Goodwill	(69,976		)	(71,074		)	(69,976		)	(69,976		)	(69,967		)	(70,832		)	(71,074		)
Intangible assets (excluding mortgage servicing rights)	(7,335		)	(9,176		)	(7,335		)	(7,696		)	(8,021		)	(8,764		)	(9,176		)
Related deferred tax liabilities	2,559			2,853			2,559			2,628			2,702			2,777			2,853
Tangible shareholders’ equity	$	161,223		$	144,779		$	161,223		$	157,455		$	154,815		$	153,433		$	144,779
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,160,854		$	2,261,319		$	2,160,854		$	2,181,449		$	2,129,046		$	2,219,628		$	2,261,319
Goodwill	(69,976		)	(71,074		)	(69,976		)	(69,976		)	(69,967		)	(70,832		)	(71,074		)
Intangible assets (excluding mortgage servicing rights)	(7,335		)	(9,176		)	(7,335		)	(7,696		)	(8,021		)	(8,764		)	(9,176		)
Related deferred tax liabilities	2,559			2,853			2,559			2,628			2,702			2,777			2,853
Tangible assets	$	2,086,102		$	2,183,922		$	2,086,102		$	2,106,405		$	2,053,760		$	2,142,809		$	2,183,922

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

This information is preliminary and based on company data available at the time of the presentation. 48

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011			Second Quarter 2011
	2012			2011
Reconciliation of return on average economic capital
Consumer & Business Banking
Reported net income	$	2,611		$	4,544		$	1,156		$	1,455		$	1,244		$	1,666		$	2,502
Adjustment related to intangibles (1)	7			9			4			3			5			6			2
Adjusted net income	$	2,618		$	4,553		$	1,160		$	1,458		$	1,249		$	1,672		$	2,504
Average allocated equity	$	53,199		$	53,126		$	53,452		$	52,947		$	53,004		$	52,381		$	52,559
Adjustment related to goodwill and a percentage of intangibles	(30,503		)	(30,676		)	(30,485		)	(30,522		)	(30,587		)	(30,600		)	(30,656		)
Average economic capital	$	22,696		$	22,450		$	22,967		$	22,425		$	22,417		$	21,781		$	21,903
Consumer Real Estate Services
Reported net loss	$	(1,913	)	$	(16,906	)	$	(768	)	$	(1,145	)	$	(1,444	)	$	(1,124	)	$	(14,506	)
Adjustment related to intangibles (1)	—			—			—			—			—			—			—
Goodwill impairment charge	—			2,603			—			—			—			—			2,603
Adjusted net loss	$	(1,913	)	$	(14,303	)	$	(768	)	$	(1,145	)	$	(1,444	)	$	(1,124	)	$	(11,903	)
Average allocated equity	$	14,454		$	17,933		$	14,116		$	14,791		$	14,757		$	14,240		$	17,139
Adjustment related to goodwill and a percentage of intangibles (excluding mortgage servicing rights)	—			(2,722		)	—			—			—			—			(2,702		)
Average economic capital	$	14,454		$	15,211		$	14,116		$	14,791		$	14,757		$	14,240		$	14,437
Global Banking
Reported net income	$	2,996		$	3,504		$	1,406		$	1,590		$	1,337		$	1,205		$	1,921
Adjustment related to intangibles (1)	2			3			1			1			1			2			1
Adjusted net income	$	2,998		$	3,507		$	1,407		$	1,591		$	1,338		$	1,207		$	1,922
Average allocated equity	$	45,838		$	47,891		$	45,958		$	45,719		$	46,087		$	47,682		$	47,060
Adjustment related to goodwill and a percentage of intangibles	(24,858		)	(24,430		)	(24,856		)	(24,861		)	(24,899		)	(24,724		)	(24,428		)
Average economic capital	$	20,980		$	23,461		$	21,102		$	20,858		$	21,188		$	22,958		$	22,632
Global Markets
Reported net income (loss)	$	1,260		$	2,306		$	462		$	798		$	(768	)	$	(552	)	$	911
Adjustment related to intangibles (1)	5			6			3			2			3			3			3
Adjusted net income (loss)	$	1,265		$	2,312		$	465		$	800		$	(765	)	$	(549	)	$	914
Average allocated equity	$	17,725		$	24,667		$	17,132		$	18,317		$	19,805		$	21,609		$	22,990
Adjustment related to goodwill and a percentage of intangibles	(4,629		)	(4,598		)	(4,608		)	(4,648		)	(4,651		)	(4,655		)	(4,646		)
Average economic capital	$	13,096		$	20,069		$	12,524		$	13,669		$	15,154		$	16,954		$	18,344
Global Wealth & Investment Management
Reported net income	$	1,090		$	1,055		$	543		$	547		$	260		$	358		$	513
Adjustment related to intangibles (1)	12			16			6			6			7			7			7
Adjusted net income	$	1,102		$	1,071		$	549		$	553		$	267		$	365		$	520
Average allocated equity	$	17,601		$	17,745		$	17,974		$	17,228		$	17,845		$	17,826		$	17,560
Adjustment related to goodwill and a percentage of intangibles	(10,631		)	(10,717		)	(10,621		)	(10,641		)	(10,663		)	(10,691		)	(10,706		)
Average economic capital	$	6,970		$	7,028		$	7,353		$	6,587		$	7,182		$	7,135		$	6,854

For footnote see page 50.

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

This information is preliminary and based on company data available at the time of the presentation. 49

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2012			First Quarter 2012			Second Quarter 2011
	2012			2011
Consumer & Business Banking
Deposits
Reported net income	$	500		$	795		$	190		$	310		$	433
Adjustment related to intangibles (1)	1			1			1			—			—
Adjusted net income	$	501		$	796		$	191		$	310		$	433
Average allocated equity	$	23,588		$	23,627		$	23,982		$	23,194		$	23,612
Adjustment related to goodwill and a percentage of intangibles	(17,929		)	(17,955		)	(17,926		)	(17,932		)	(17,951		)
Average economic capital	$	5,659		$	5,672		$	6,056		$	5,262		$	5,661
Card Services
Reported net income	$	1,967		$	3,516		$	929		$	1,038		$	1,944
Adjustment related to intangibles (1)	6			8			3			3			2
Adjusted net income	$	1,973		$	3,524		$	932		$	1,041		$	1,946
Average allocated equity	$	20,598		$	21,580		$	20,525		$	20,671		$	21,016
Adjustment related to goodwill and a percentage of intangibles	(10,476		)	(10,624		)	(10,460		)	(10,492		)	(10,607		)
Average economic capital	$	10,122		$	10,956		$	10,065		$	10,179		$	10,409
Business Banking
Reported net income	$	144		$	233		$	37		$	107		$	125
Adjustment related to intangibles (1)	—			—			—			—			—
Adjusted net income	$	144		$	233		$	37		$	107		$	125
Average allocated equity	$	9,013		$	7,919		$	8,945		$	9,082		$	7,931
Adjustment related to goodwill and a percentage of intangibles	(2,098		)	(2,097		)	(2,099		)	(2,098		)	(2,098		)
Average economic capital	$	6,915		$	5,822		$	6,846		$	6,984		$	5,833

⁽¹⁾  Represents cost of funds, earnings credits and certain expenses related to intangibles.

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

This information is preliminary and based on company data available at the time of the presentation. 50