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EXHIBIT (23)
CONSENT OF KPMG LLP
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Board of Directors
First Union Corporation
We consent to the incorporation by reference in the Registration Statements of
(i) First Union Corporation on:
Registration Registration
Statement Statement
Form Number Form Number
------ ------------ ---- ------------
S-3 33-50103 S-3 333-31462
S-8 33-51964 S-3 333-34151
S-8 33-54148 S-8 333-36839
S-8 33-60835 S-8 333-37709
S-8 33-60913 S-3 333-41046
S-8 33-62307 S-8 333-42018
S-8 33-63387 S-8 333-43960
S-8 33-65501 S-8 333-44015
S-8 333-2551 S-3 333-47286
S-8 333-10179 S-8 333-50589
S-8 333-10211 S-3 333-50999
S-8 333-11613 S-8 333-53549
S-8 333-14469 S-3 333-58299
S-3 333-15743 S-3 333-70489
S-3 333-17599 S-8 333-83969
S-4 333-19039-01 S-8 333-89299
S-4 333-20611 S-3 333-90593
(ii) First Union Capital I on Form S-3 (No. 333-15743-01); (iii) First Union
Capital II on Form S-3 (No. 333-15743-02); (iv) First Union Capital III on Form
S-3 (No. 333-15743-03); (v) First Union Institutional Capital I on Form S-4 (No.
333-19039); (vi) First Union Institutional Capital II on Form S-4 (No.
333-20611-01); (vii) First Union Capital I on Form S-3 (No. 333-90593-01);
(viii) First Union Capital II on Form S-3 (No. 333-90593-02); and (ix) First
Union Capital III on Form S-3 (No. 333-90593-03) of First Union Corporation of
our report dated January 18, 2001, relating to the consolidated balance sheets
of First Union Corporation and subsidiaries as of December 31, 2000 and 1999,
and the related consolidated statements of income, changes in stockholders'
equity and cash flows for each of the years in the three-year period ended
December 31, 2000, which report appears in the 2000 Annual Report to
Stockholders which is incorporated by reference in First Union Corporation's
2000 Form 10-K.
KPMG LLP
Charlotte, North Carolina
March 15, 2001