EXHIBIT (23)
CONSENT OF KPMG LLP
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Board of Directors
Wachovia Corporation
We consent to the incorporation by reference in the Registration Statements of
(i) Wachovia Corporation on:
Registration Registration
Statement Statement
Form Number Form Number
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S-3 33-50103 S-3 333-41046
S-8 33-54148 S-8 333-42018
S-8 33-60913 S-8 333-43960
S-8 33-62307 S-8 333-44015
S-8 33-65501 S-3 333-47286
S-8 333-2551 S-8 333-50589
S-8 333-10179 S-3 333-50999
S-8 333-10211 S-8 333-53549
S-8 333-11613 S-3 333-57078
S-8 333-14469 S-3 333-58299
S-3 333-15743 S-8 333-59616
S-3 333-17599 S-8 333-69108
S-4 333-19039-01 S-3 333-70489
S-4 333-20611 S-3 333-72150
S-3 333-31462 S-3 333-72350
S-3 333-34151 S-8 333-83969
S-8 333-36839 S-8 333-89299
S-8 333-37709 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 Wachovia Corporation of our
report dated January 23, 2002, with respect to the consolidated balance sheets
of Wachovia Corporation and subsidiaries as of December 31, 2001 and 2000, 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,
2001, which report appears in the 2001 Annual Report to Stockholders which is
incorporated by reference in Wachovia Corporation's 2001 Form 10-K. Our report
refers to the fact that effective July 1, 2001, Wachovia Corporation adopted
the provisions of Statement of Financial Accounting Standards ("SFAS") No.
141, Business Combinations and certain provisions of SFAS No. 142, Goodwill
and Other Intangible Assets as required for goodwill and intangible assets
resulting from business combinations consummated after June 30, 2001.
KPMG LLP
Charlotte, North Carolina
March 14, 2002