1. Bank of America
Second Quarter 2006 Results
Al de Molina
Chief Financial Officer
July 19, 2006

2. Forward Looking Statements
This presentation contains forward-looking statements, including statements about the financial
conditions, results of operations and earnings outlook of Bank of America Corporation. The forward-
looking statements involve certain risks and uncertainties. Factors that may cause actual results or
earnings to differ materially from such forward-looking statements include, among others, the
following: 1) projected business increases following process changes and other investments are lower
than expected; 2) competitive pressure among financial services companies increases significantly; 3)
general economic conditions are less favorable than expected; 4) political conditions including the
threat of future terrorist activity and related actions by the United States abroad may adversely affect
the company’s businesses and economic conditions as a whole; 5) changes in the interest rate
environment reduce interest margins and impact funding sources; 6) changes in foreign exchange
rates increases exposure; 7) changes in market rates and prices may adversely impact the value of
financial products; 8) legislation or regulatory environments, requirements or changes adversely affect
the businesses in which the company is engaged; 9) changes in accounting standards, rules or
interpretations, 10) litigation liabilities, including costs, expenses, settlements and judgments, may
adversely affect the company or its businesses; 11) mergers and acquisitions and their integration
into the company; and 12) decisions to downsize, sell or close units or otherwise change the business
mix of any of the company. For further information regarding Bank of America Corporation, please
read the Bank of America reports filed with the SEC and available at www.sec.gov.
2

3. Important Presentation Format Information
• Information included in following slides is presented in a proforma
format for the total corporation and the Global Consumer & Small
Business Bank to include MBNA in all 2005 periods to provide a
clearer picture of growth other than acquisitions
• Information that is presented on a proforma basis is also included on
a reported GAAP basis in the Appendix
• Certain prior period amounts have been reclassified to conform to
current period presentation.
3

4. Summary Earnings Statement –
2nd Quarter Comparisons
$ in millions
Proforma 1 GAAP
2Q06 2Q05 % Change 2Q05
Core net interest income (FTE) $ 8,547 $ 8,108 5% $ 7,308
Market-based net interest income 379 520 520
Net interest income (FTE) 8,926 8,628 3% 7,828
Noninterest income 9,598 8,830 9% 6,955
Total revenue (FTE) 18,524 17,458 6% 14,783
Provision for credit losses 1,005 1,064 (6%) 875
Gains (losses) on sales of debt securities (9) 325 NM 325
Noninterest expense (excl merger charges) 8,523 8,384 2% 6,898
Merger charge 194 136 121
Noninterest expense 8,717 8,520 7,019
Pre-tax income 8,793 8,199 7,214
Income tax expense 3,318 2,919 2,557
Net income 5,475 5,280 4% 4,657
Merger & restructuring charges (after-tax) 123 96 80
Net Income before merger charges $ 5,598 $ 5,376 4% $ 4,737
Diluted EPS reported $ 1.19 $ 1.14
Merger charge impact .03 .02
Diluted EPS (excl. merger charge) 1.22 1.16
Impact of intangibles amortization .06 .03
1 Proforma results include MBNA
4

5. 2nd Quarter Earnings by Business Line
Change vs. Proforma 2Q051 Change vs. Proforma YTD051
2Q06 Amt. % Change YTD06 Amt. % Change
Global Consumer
$ 3,105 $ 920 42% $ 5,775 $ 1,167 25%
& Small Business
Global Corporate &
1,716 (4) - 3,299 (292) (8%)
Investment Bank 2
Global Wealth &
634 67 12% 1,248 85 7%
Investment Mgmt 2
All Other 2 20 (788) NM 139 (216) NM
Total $ 5,475 $ 195 4% $ 10,461 $ 744 8%
1
Proforma results include MBNA
2Amounts shown on a proforma basis are for presentation purposes
only. Subsequent slides for these segments are presented on a GAAP
5
basis.

6. Global Consumer & Small Business Banking (GCSB)
Net income in millions
Change vs. Proforma 2Q051 Change vs. Proforma YTD051
2Q06 Amt. % Change YTD06 Amt. % Change
Deposits $ 1,327 $ 282 27 % $ 2,424 $ 387 19 %
Card 1,649 917 125 % 2,971 1,416 91 %
Home Equity 128 20 18 % 247 52 27 %
Mortgage 66 (39) (37 %) 138 (82) (37 %)
ALM 65 (144) NM 264 (344) NM
Other (130) (116) NM (269) (262) NM
Total $ 3,105 $ 920 42 % $ 5,775 $ 1,167 25 %
1
6 Proforma results include MBNA

7. Deposits (GCSB)
($ in millions) Change vs Proforma 2Q051 Change vs Proforma YTD051
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 4,288 $ 564 15 % $ 8,260 $ 1,079 15 %
Provision expense 30 11 58 46 NM
Noninterest expense 2,162 93 5% 4,363 363 9%
Pre-tax income 2,096 460 28 % 3,839 670 21 %
Income tax expense 769 178 1,415 283
Net income $ 1,327 $ 282 27 % $ 2,424 $ 387 19 %
• #1 deposit market share in with largest branch and ATM network in US
• #1 debit market share with $43B in purchase volume
• #1 online banking presence with 20 million customers
• #1 online bill pay with 10.4 million customers paying $46 billion in bills in the quarter
Debit purchase volume $ 42.7 bb $ 7.6 bb 22 %
Net new retail accounts 2Q06 2Q051
Checking 701 k 629 k
Savings 392 k 573 k
1
7 Proforma results include MBNA

8. Deposits Business Metrics (GCSB) - Proforma
5-Quarter trend of deposit indicators:
2Q06 1Q06 4Q05 1 3Q05 1 2Q05 1
Average balances (in billions)
Checking $ 127.8 $ 126.4 $ 125.9 $ 124.8 $ 123.4
Savings 32.5 32.1 31.9 32.1 32.6
MMS 73.5 76.9 78.4 75.2 74.0
CDs & IRAs 88.9 84.8 85.5 93.8 92.8
Foreign & Other 11.3 10.1 11.3 12.2 11.2
Total GCSB deposits 334.0 330.3 333.0 338.1 334.0
Cumulative balances transferred 2 49.3 46.6 45.3 42.4 39.1
Deposit Spreads
Checking 4.21 % 4.18 % 4.16 % 4.17 % 4.14 %
Savings 3.38 3.36 3.53 3.79 4.02
MMS 2.75 2.53 2.50 1.89 1.54
CDs & IRAs 1.25 1.21 1.01 .80 0.73
Foreign & Other 4.05 3.67 3.50 2.93 2.83
Total GCSB deposits 3.00 2.92 2.86 2.63 2.54
1 Proforma results include MBNA
8 2 Premier customer balances transferred to GWIM segment

9. Card Services (GCSB) – Managed View
Change vs Proforma 2Q051 Change vs Proforma YTD051
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 6,244 $ 393 7% $ 12,164 $ 747 7%
Provision expense 1,734 (758) (30 %) 3,542 (1,100) (24 %)
Noninterest expense 1,906 (307) (14 %) 3,917 (439) (10 %)
Pre-tax income 2,604 1,458 127 % 4,705 2,286 95 %
Income tax expense 955 541 1,734 870
Net income $ 1,649 $ 917 125 % $ 2,971 $ 1,416 91 %
2Q06 Amount Percent
#1 consumer credit
Total Avg. Card Services Loans $ 188.1 bb $ 13.2 bb 8% card issuer in the
Avg. Card Services Credit Card Loans 161.3 bb 7.5 bb 5% United States and
strong growing
Managed Card Services Losses 1,682 (584) (26 %)
positions in certain
Losses % of Loans 3.59 % (161) bps international markets
30 day delinquency 4.56 % 19 bps with $29 (avg.) billion
of international
Risk Adj. Margin 9.72 % 148 bps managed receivables.
Purchase Volume $ 65.3 bb $ 5.9 bb 10 %
1 Proforma results include MBNA
* Card Services financials includes US consumer and business credit card,
9 consumer finance, international and merchant services.

10. Home Equity (GCSB)
($ in millions) Change vs Proforma 2Q051 Change vs Proforma YTD051
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 366 $ 25 7% $ 718 $ 54 8%
Provision expense 10 - - 20 2 12 %
Noninterest expense 154 (7) (4 %) 307 (36) (11 %)
Pre-tax income 202 32 19 % 391 88 29 %
Income tax expense 74 12 144 36
Net income $ 128 $ 20 18 % $ 247 $ 52 27 %
Home equity orig.2 $ 21.1 bb $ 1.7 bb 9% $ 39.7 bb $ 5.2 bb 15 %
GCSB HE avg bal. 55.1 bb 7.6 bb 16 % 54.1 bb 7.7 bb 17 %
Total HE avg bal.2 75.9 bb 12.7 bb 20 % 74.2 bb 12.9 bb 21 %
• #1 Home Equity lender in the United States with an estimated 8.6 % market share at 3/31/06.
• $78.1 billion in home equity balances across all Bank of America segments at 6/30/06
1 Proforma results include MBNA
10 2 Includes originations across all business segments

11. Global Corporate & Investment Banking (GCIB)
Net income in millions
Change vs. 2Q05 Change vs. YTD05
2Q06 Amt. % Change YTD06 Amt. % Change
Business Lending $ 589 $ (200) (25 %) $ 1,111 $ (470) (30 %)
Capital Markets 504 182 57 % 1,013 246 32 %
Treasury Services 559 117 26 % 1,075 226 27 %
ALM 28 (52) (65 %) 60 (175) (74 %)
Other 36 (36) (48 %) 40 (81) (67 %)
Total $ 1,716 $ 11 1% $ 3,299 $ (254) (7 %)
11

12. Business Lending (GCIB)
($ in millions) Change vs 2Q05 Change vs YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 1,511 $ 17 1% $ 2,862 $ (268) (9 %)
Securities gains (4) (43) (110%) 5 (55) (91%)
Provision expense 19 221 NM 35 289 NM
Noninterest expense 534 38 8% 1,049 57 6%
Pre-tax income 954 (285) (23 %) 1,783 (669) (27 %)
Income tax expense 365 (85) 672 (199)
Net income $ 589 $ (200) (25 %) $ 1,111 $ (470) (30 %)
Risk mitigation rev. $ (39) (135) NM $ (122) $ (356) NM
Avg. Loans 214 bb 27 bb 14 % 212 bb 27 bb 15 %
• #1 middle market lender with clients representing more than 20% of middle market companies within
our franchise.
• Industry leading positions across Commercial Real Estate lending, Dealer Financial Services, Business Capital
and Business Banking and Leasing
• Client roster includes 97% of the US Fortune 500 and 79% of global Fortune 500
12

13. Capital Markets and Advisory Services (GCIB)
($ in millions) Change vs 2Q05 Change vs YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 2,120 $ 593 39 % $ 4,324 $ 946 28 %
Securities gains (1) (13) (106 %) 4 (16) (80 %)
Provision expense 8 7 NM 11 12 NM
Noninterest expense 1,311 276 27 % 2,708 498 23 %
Pre-tax income 800 297 59 % 1,609 420 35 %
Income tax expense 296 115 596 174
Net income $ 504 $ 182 57 % $ 1,013 $ 246 32 %
Investment Banking $ 644 203 46 % $ 1,166 $ 353 43 %
Sales & Trading
Fixed Income 1,135 387 52 % 2,376 562 31 %
Equity 340 (10) (3 %) 786 15 2%
Avg Trading Assets 329 bb - - 321 bb 20 bb 6%
Total Volatility 10.9 (6.7) 10.1 (6.9)
13

14. Treasury Services (GCIB)
($ in millions) Change vs 2Q05 Change vs YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 1,703 $ 224 15 % $ 3,334 $ 443 15 %
Provision expense (5) (5) NM 1 6 NM
Noninterest expense 822 34 4% 1,627 57 4%
Pre-tax income 886 195 28 % 1,706 380 29 %
Income tax expense 327 78 631 154
Net income $ 559 $ 117 26 % $ 1,075 $ 226 27 %
Average deposits $ 145 bb $ (5 bb) ( 3 %) $ 144 bb $ (5 bb) ( 4 %)
Deposit spread 2.87 % 65 bps 2.82 % 65 bps
• Voted #1 Principal Cash Management bank for international operations for both large corporate and middle
market company categories (Treasury & Risk Management magazine, 2005)
• Cited by the highest percentage of large U.S. corporations as the most important treasury management
relationship among providers of U.S. services. (independent research company, 2005)
• Voted “Best Bank for Payments and Collections in North America” and “Best Liquidity/Working Capital
Management Bank in North America”. (Global Finance Magazine, 2005)
14

15. Global Wealth & Investment Management (GWIM)
Net income in millions
Change vs. 2Q05 Change vs. YTD05
2Q06 Amt. % Change YTD06 Amt. % Change
Premier Banking $ 254 $ 65 34 % $ 483 $ 134 38 %
Columbia Mgmt 81 18 29 % 163 31 23 %
Private Bank 195 39 25 % 332 44 15 %
ALM 25 (44) (64 %) 53 (146) (73 %)
Other 79 0 - 217 46 29 %
Total $ 634 $ 78 14 % $ 1,248 $ 109 10 %
15

16. Premier Banking & Investments (GWIM)
($ in millions) Change vs 2Q05 Change vs YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 732 $ 122 20 % $ 1,446 $ 265 22 %
Provision expense 4 - - 7 (1) (13 %)
Noninterest expense 324 13 4% 672 45 7%
Pre-tax income 404 109 37 % 767 221 41 %
Income tax expense 150 44 284 87
Net income $ 254 $ 65 34 % $ 483 $ 134 38 %
Asset mgmt fees $ 47 $ 17 57 % $ 87 $ 33 61 %
Brokerage fees 141 8 6% 280 8 3%
Average loans $ 29.6 bb $ 6.3 bb 27 % $ 28.9 bb $ 6.6 bb 23 %
Average deposits 44.2 bb (9.0 bb) (17 %) 45.4 bb (7.8 bb) (15 %)
AUM 16.1 bb 5.2 bb 48 %
16

17. Private Bank (GWIM)
($ in millions) Change vs 2Q05 Change vs YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 549 $ 8 1% $ 1,085 $ 27 3%
Provision expense (44) (31) NM (48) (33) NM
Noninterest expense 283 (23) ( 8 %) 606 (10) (2 %)
Pre-tax income 310 62 25 % 527 70 15 %
Income tax expense 115 23 195 26
Net income $ 195 $ 39 25 % $ 332 $ 44 15 %
Inv. & brokerage fees $ 268 $ (5) (2 %) $ 520 $ (9) (2 %)
Average loans $ 30.6 bb $ 1.1 bb 4% $ 30.6 bb $ 1.0 bb 3%
Average deposits 18.6 bb (7.0 bb) (28 %) 18.6 bb (7.7 bb) (29 %)
AUM 163.7 bb .7 bb 1%
17

18. Columbia Management (GWIM)
($ in millions) Change vs 2Q05 Change vs YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 377 $ 50 15 % $ 742 $ 85 13 %
Noninterest expense 248 21 9% 483 35 8%
Pre-tax income 129 29 29 % 259 50 24 %
Income tax expense 48 11 96 19
Net income $ 81 $ 18 29 % $ 163 $ 31 23 %
Inv. & brokerage fees $ 377 $ 56 17 % $ 741 $ 106 18 %
AUM 394.4 bb 73.9 bb 23 %
18

19. Global Wealth & Investment Management (GWIM)
Assets Under Management Investment & Brokerage Service Fees
$ in billions $ in millions
600
900 $834 $870
$494 $500 $793 $793 37
$482 $788 39
500 $442 $457 31 35 37
188
179
163 176 168
400 185 183 192
151 162 600
252 268
300 273 252 252
82 84
92 85 83
200
300
210 214 229 224 336 364 377
100 199 321 330
0 0
2Q05 3Q05 4Q05 1Q06 2Q06 2Q05 3Q05 4Q05 1Q06 2Q06
Columbia Mgmt Private Bank
Equity Fixed Income Money Mkt/ Other Premier Banking Other
% of AUM in 4 or 5 Star Funds1
52% 53% 56% 56% 59%
% of AUM in 1st and 2nd quartiles2
68% 77% 78% 82% 85%
19

20. Global Wealth & Investment Management (GWIM)
Footnotes for Page 19
(1)
Results shown are defined by Columbia Management’s calculation using Morningstar’s Overall Rating criteria for 4&5 star rating.
The assets under management of the Columbia Funds that had a 4 &5 star rating were totaled then divided by the assets under
management of all the funds in the ranking.
©2006 by Morningstar, Inc. All rights reserved. The information contained herein is the proprietary information of Morningstar, Inc.,
may not be copied or redistributed for any purpose and may only be used for noncommercial, personal purposes. The information
contained herein is not represented or warranted to be accurate, correct, complete or timely. Morningstar, Inc. shall not be
responsible for investment decisions, damages or other losses resulting from the use of this information. Past performance is no
guarantee of future results.
(2)
Results shown are defined by Columbia Management’s calculation of its percentage of assets under management in the top two
quartiles of categories based on Morningstar (Equity categories, Lipper ( Fixed Income categories) (iMoneyNet Money Market funds).
The category percentile rank was calculated by ranking the three year gross return of share classes within the categories stated
above . The assets of the number of funds within the top 2 quartile results include both were added and then divided by Columbia
Managements total assets under management. Had fees been included, rankings would have been lower. Past performance is no
guarantee of future results.
20

21. All Other
Change vs 2Q05 Change vs YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 373 $ (809) (68 %) $ 614 $ (188) (23 %)
Securities gains/(losses) (6) (210) (103 %) (14) (848) (102 %)
Provision expense (25) ( 3) (14 %) (40) (35) NM
Merger & restruct. exp. 194 73 60 % 292 59 25 %
Other noninterest expense 30 11 58 % 152 42 38 %
Pre-tax income 168 (1,100) (87 %) 196 (1,102) (85 %)
Income tax expense 148 (258) 57 (299)
Net income $ 20 $ (842) (98 %) $ 139 $ (803) (85%)
• The Corporation’s total equity investment gains recorded in 2Q06 were $646 million versus $660
million in 1Q06 and $492 million in 2Q05. Of these gains, $524 million in 2Q06, $513 million in
1Q06 and $479 million in 2Q05 are reported in this segment.
• The Corporation’s total debt securities losses recorded in 2Q were $9 million, a decrease from
gains of $14 million in 1Q06 and a decline from gains of $325 million in 2Q05. Of these numbers,
losses of $6 million in 2Q06, losses of $8 million in 1Q06 and gains of $205 million in 2Q05 were
reported in this segment.
21

22. Net Interest Income
$ in millions
Linked Quarter Net Interest Income & Yield
2Q06 1Q06 Change % Change
Reported net interest income (FTE) $ 8,926 $ 9,040 $ (114) (1 %)
Less: Market based related NII 379 411 (32 )
Core net interest Income (FTE) 8,547 8,629 (82) (1 %)
Impact of securitizations 1,710 1,725 (15)
Core NII – Managed Basis $ 10,257 $ 10,354 $ (97) (1 %)
Avg. earning assets $ 1,253,895 $ 1,219,611 $ 34,284 3 %
Market based earning assets 357,549 336,552 20,997 6 %
Impact of securitizations 96,776 96,268 508 -
Reported net interest yield 2.85 % 2.98 % (13) bp
Core net interest yield 3.82 % 3.93 % (11) bp
Managed net interest yield 4.13 % 4.25 % (12) bp
• Continued spread compression and cost of funding share repurchases drove the decline in
net interest income and yield
• Rebalancing derivative book added $100 billion in short duration fixed pay swaps
• Net share repurchases have cost $5 billion in capital or roughly $50 million in incremental
funding costs over 1Q06
22

24. Capital Strength
$ in millions 2Q06 1Q06 2Q05
Tier 1 Capital $ 84,978 $ 83,174 $ 69,633
Risk Weighted Assets 1,019,828 948,190 853,086
Tier 1 Capital Ratio 8.33% 8.45% 8.16%
Total Capital Ratio 11.25% 11.32% 11.23%
Tier 1 Leverage Ratio 6.13% 6.18% 5.66%
Tangible Equity $ 51,408 $ 52,473 $ 49,869
Tangible Equity Ratio 3.76% 4.04% 4.38%
Tangible Equity Ratio Adj for OCI 4.49% 4.67% 4.75%
Months to required funding- Parent Co. 22 25 26
Earnings Returned to Shareholders
Dividends paid $ 2,289 $ 2,333 $ 1,814
Cost of net share repurchases 3,054 2,725 1,164
Dividends & net repur. as % of earnings 98 % 102 % 64 %
Dividend yield 4.16% 4.39% 3.95%
24

25. APPENDIX
25

26. Highlights
• Record earnings of $5.6 billion before merger charges
• Capital Markets and Advisory Services revenue rose 39% over 2Q05 driven by 34%
growth in sales and trading activity and 46% growth to record investment banking fees
• Consumer & Small Business momentum remains steady as revenue grew 10% over
proforma 2Q05
• Total consumer franchise unit sales were 10.9 million in 2Q06 including record net
checking accounts of 701,000
• Prior year other income included $590 MM from economic hedges as well as $56 MM
whole loan sale gains
• Securities losses of $9 MM were well below prior year gains of $325 MM
• Commercial banking pipeline remains healthy
• Credit quality remains stable
• Assets under management surpassed $500 billion during the quarter
• 2Q06 contains a $175 MM charge for tax legislation change relating to income earned
under the extraterritorial income and foreign sales corporation tax regimes.
26

27. Summary Earnings Statement –
1st 6 Months Comparison
$ in millions
Proforma 1 GAAP
1st Half 06 1st Half 05 % Change 1st Half 05
Core net interest income (FTE) $ 17,176 $ 16,102 7% $ 14,466
Market-based net interest income 790 1,068 1,068
Net interest income (FTE) 17,966 17,170 5% 15,534
Noninterest income 18,499 16,600 11% 12,987
Total revenue (FTE) 36,465 33,770 8% 28,521
Provision for credit losses 2,275 1,946 17% 1,455
Gains on sales of debt securities 5 984 NM 984
Noninterest expense (excl merger charges) 17,349 16,780 3% 13,843
Merger charge 292 1,015 233
Noninterest expense 17,641 17,795 14,076
Pre-tax income 16,554 15,013 13,974
Income tax expense 6,093 5,296 4,924
Net income 10,461 9,717 8% 9,050
Merger & restructuring charges (after-tax) 184 668 155
Net Income before merger charges $ 10,645 $ 10,385 3% $ 9,205
Diluted EPS reported $ 2.25 $ 2.21
Merger charge impact .04 .04
Diluted EPS (excl. merger charge) $ 2.29 $ 2.25
27 1 Proforma results include MBNA

28. 2nd Quarter Earnings by Business Line
Change vs. GAAP 2Q05 Change vs. GAAP YTD05
2Q06 Amt. % Change YTD06 Amt. % Change
Global Consumer
$ 3,105 $ 1,571 102% $ 5,775 $ 2,359 69%
& Small Business
Global Corporate &
1,716 11 1% 3,299 (254) (7%)
Investment Bank
Global Wealth &
634 78 14% 1,248 109 10%
Investment Mgmt
All Other 20 (842) NM 139 (803) NM
Total $ 5,475 $ 818 18% $ 10,461 $ 1,411 16%
28

29. Global Consumer & Small Business Banking (GCSB)
Net income in millions
Change vs. GAAP 2Q05 Change vs. GAAP YTD05
2Q06 2Q05 % Change YTD06 YTD05 % Change
Deposits $ 1,327 $ 305 30% $ 2,424 $ 437 22 %
Card 1,649 1,512 NM 2,971 2,475 NM
Home Equity 128 20 18 % 247 52 27 %
Mortgage 66 (31) (32 %) 138 (68) (33 %)
ALM 65 (119) (65 %) 264 (274) (51 %)
Other (130) (116) NM (269) (263) NM
Total $ 3,105 $ 1,571 102 % $ 5,775 $ 2,359 69 %
29

30. Deposits (GCSB)
($ in millions) Change vs GAAP 2Q05 Change vs GAAP YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 4,288 $ 600 16 % $ 8,260 $ 1,156 16 %
Provision expense 30 11 58 46
Noninterest expense 2,162 93 4% 4,363 363 9%
Pre-tax income 2,096 496 31 % 3,839 747 24 %
Income tax expense 769 191 1,415 310
Net income $ 1,327 $ 305 30 % $ 2,424 $ 437 22 %
• #1 deposit market share in with largest branch and ATM network in US
• #1 debit market share with $43B in purchase volume
• #1 online banking presence with 20 million customers
• #1 online bill pay with 10.4 million customers paying $46 billion in bills in the quarter
Debit purchase volume $ 42.7 bb $ 7.6 bb 22 %
Net new retail accounts 2Q06 2Q05
Checking 701 k 629 k
Savings 392 k 573 k
30

31. Deposits Business Metrics (GCSB) - GAAP
5 Quarter trend of deposit indicators:
2Q06 1Q06 4Q05 3Q05 2Q05
Average balances (in billions)
Checking $ 127.8 $ 126.4 $ 125.5 $ 124.4 $ 123.0
Savings 32.5 32.1 31.9 32.0 32.5
MMS 73.5 76.9 71.9 68.8 67.7
CDs & IRAs 88.9 84.8 69.4 76.8 75.7
Foreign & Other 11.3 10.1 7.9 8.5 7.6
Total GCSB deposits 334.0 330.3 306.6 310.5 306.5
Cumulative balances transferred 1 49.3 46.6 45.3 42.4 39.1
Deposit Spreads
Checking 4.21 % 4.18 % 4.16 % 4.18 % 4.14 %
Savings 3.38 3.36 3.53 3.78 4.02
MMS 2.75 2.53 2.69 2.02 1.64
CDs & IRAs 1.25 1.21 1.19 0.90 0.80
Foreign & Other 4.05 3.67 4.19 3.88 3.67
Total GCSB deposits 3.00 2.92 3.06 2.82 2.72
31 1 Premier customer balances transferred to GWIM segment

32. Card Services (GCSB) – Managed View
Change vs GAAP 2Q05 Change vs GAAP YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 6,244 $ 4,028 182 % $12,164 $ 7,792 178 %
Provision expense 1,734 500 41 % 3,542 1,464 70 %
Noninterest expense 1,906 1,138 148 % 3,917 2,392 157 %
Pre-tax income 2,604 2,390 NM 4,705 3,936 NM %
Income tax expense 955 878 1,734 1,461
Net income $ 1,649 $ 1,512 NM $ 2,971 $ 2,475 NM %
2Q06 Amount Percent
Total Avg. Card Services Loans $ 188.1 bb $ 127.7 bb 211 %
#1 consumer credit
Avg. Card Services Credit Card Loan 161.3 bb 102.8 bb 176 % card issuer in the
Managed Card Services Losses 1,682 753 81 % United States and
strong growing
Losses % of Loans 3.59 % 258 bps positions in certain
30 day delinquency 4.56 % (33 bps) international markets
with $29 (avg.) billion
Risk Adj. Margin 9.72 % 548 bps*
of international
Purchase Volume $ 65.3 bb $ 7.1 bb 12 % managed receivables.
* Card Services financials includes US consumer and business credit card,
consumer finance, international and merchant services.
32 * Risk Adjusted Margin reported at Consumer Card level in 2005.

33. Card Services (GCSB) – Held View
Change vs GAAP 2Q05 Change vs GAAP YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 5,466 $ 3,385 163 % $ 10,732 $ 6,640 162 %
Provision expense 956 (143) (13 %) 2,110 312 17 %
Noninterest expense 1,906 1,138 148 % 3,917 2,392 157 %
Pre-tax income 2,604 2,390 NM 4,705 3,936 NM
Income tax expense 955 878 1,734 1,461
Net income $ 1,649 $1,512 NM $ 2,971 $ 2,475 NM
• #1 consumer credit card issuer in the United States
Total Average Loans $ 93.1 bb $ 38.8 bb 71 %
Net charge-offs 904 110 14 %
Losses % of Loans 3.89 % 197 bp
* Card Services financials includes US consumer and business credit card,
33
consumer finance, international and merchant services.

34. Card Services (GCSB) – Held View
Change vs Proforma 2Q051 Change vs Proforma YTD051
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 5,466 $ 819 18 % $ 10,732 $ 1,669 18 %
Provision expense 956 (332) (26 %) 2,110 (178) (8 %)
Noninterest expense 1,906 (307) (14 %) 3,917 (439) (10 %)
Pre-tax income 2,604 1,458 127 % 4,705 2,286 95 %
Income tax expense 955 541 1,734 870
Net income $ 1,649 $ 917 126 % $ 2,971 $ 1,416 91 %
• #1 consumer credit card issuer in the United States
Total Average Loans $ 93.1 bb $ 10.1 bb 12 %
Net charge-offs 904 (158) (15 %)
Losses % of Loans 3.89 % (124) bps
1 Proforma results include MBNA
* Card Services financials includes US consumer and business credit card,
34
consumer finance, international and merchant services.

35. Home Equity (GCSB)
($ in millions) Change vs GAAP 2Q05 Change vs GAAP YTD05
2Q06 Amount Percent YTD06 Amount Percent
Total revenue (FTE) $ 366 $ 25 7% $ 718 $ 54 8%
Provision expense 10 - - 20 2 12 %
Noninterest expense 154 (7) (5 %) 307 (36) (11 %)
Pre-tax income 202 32 19 % 391 88 29 %
Income tax expense 74 12 144 36
Net income $ 128 $ 20 18 % $ 247 $ 52 27 %
Home equity orig.1 $ 21.1 bb $ 1.7 bb 9% $ 39.7 bb $ 5.2 bb 15 %
GCSB HE avg bal. 55.1 bb 8.5 bb 18 % 54.1 bb 8.4 bb 18 %
Total HE avg bal.1 75.9 bb 13.6 bb 22 % 74.2 bb 13.6 bb 23 %
• #1 Home Equity lender in the United States with an estimated 8.6 % market share at 3/31/06.
• $78.1 billion in home equity balances across all Bank of America segments at 6/30/06
35 1 Includes originations across all business segments

36. Consumer Credit Quality – Total BAC
$ in millions Excl. SOP
Proforma 1
GAAP 03-3
2Q06 2Q05 2Q05 1Q06 1Q06 2Q06
Consumer
Consumer charge-offs $ 1,223 $ 1,322 $ 1,039 $ 1,006
Consumer recoveries 239 192 156 213
Net consumer charge-offs 984 1,130 883 793 990 1,007
Net consumer c/o ratio .97% 1.29% 1.09% .82% 1.03% 1.00%
Allowance for loans & leases $ 5,449 $ 5,510 $ 4,521 $ 5,468
Managed Card Services Information:
Net losses $ 1,684 $ 2,266 $ 929 $1,332 $1,542 $1,709
Net losses % 3.59 % 5.20% 6.17% 2.89% 3.35% 3.64%
30-day delinquency 4.56% 4.37% 4.23% 4.37%
Upon acquisition of MBNA, in accordance with SOP 03-3, certain acquired loans that were considered impaired at the acquisition date
were written down to fair value. Therefore, reported net charge-offs and managed losses for the held and managed portfolios for the first
2 quarters of 2006 are lower since these impaired loans that would have produced charge-offs during the period were reduced to fair
value at the acquisition date. SOP 03-3 did not impact the securitized loan portfolio.
1
36 Proforma results include MBNA

37. Commercial Credit Quality – Total BAC
$ in millions
2Q06 2Q05 1Q06
Commercial 1
Commercial charge-offs $ 184 $ 205 $ 110
Commercial recoveries 145 187 82
Net commercial charge-offs 39 18 29
Nonperforming assets 789 1,175 833
Criticized exposure 7,246 7,781 7,262
% of Utilized exposure 2.17 % 2.64 % 2.26 %
Net commercial c/o ratio .07 % .04 % .05 %
Allowance for loans & leases $ 3,631 $ 3,874 $ 3,599
1Periods presented prior to 1Q06 are on a proforma basis including commercial card
impact from MBNA
37

38. Net Interest Income – Managed Sensitivity
Managed Net interest income impact for next 12 months
Forward curve interest rate scenarios @6/30/06 @3/31/06
+ 100 bp parallel shift ($ 862) ($ 924)
- 100 bp parallel shift 751 894
Flattening scenario from forward curve
+ 100 bp flattening on short end ( 1,080) ( 1,134)
Steepening scenario from forward curve
+ 100 bp steepening on long end 222 203
38