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Created: 08/19/2006 10:00:38 PM - Followers: 435 - Board type: Free - Posts Today: 0



Corporate Profile

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Corporate Structure

Merrill Lynch & Co., Inc. is a wholly owned subsidiary of Bank of America Corporation.

Debt Profile

Prior to Merrill Lynch's acquisition by Bank of America, Merrill Lynch & Co., Inc. (ML & Co.) was the primary issuer of Merrill Lynch's debt instruments. Debt instruments were also issued by certain subsidiaries. ML & Co. is no longer a primary issuer of new unsecured borrowings under the Bank of America platform. Bank of America has not assumed or guaranteed the long-term debt that was issued or guaranteed by ML & Co. or its subsidiaries prior to the acquisition of Merrill Lynch by Bank of America.

Following the completion of Bank of America's acquisition of Merrill Lynch, ML & Co. became a subsidiary of Bank of America and established intercompany lending and borrowing arrangements to facilitate centralized liquidity management. Included in these arrangements is a $50 billion extendible one-year revolving line of credit that allows Bank of America to borrow funds from Merrill Lynch at a spread to LIBOR that is reset periodically and is consistent with other intercompany agreements. The line of credit matures on January 1, 2014 and will automatically be extended by one year to the succeeding January 1st unless Merrill Lynch provides written notice not to extend at least 45 days prior to the maturity date. There were no amounts outstanding at both March 31, 2013 and December 31, 2012 under this credit facility. There is also a short-term revolving credit facility that allows Bank of America to borrow up to an additional $25 billion. Interest on borrowings under the credit facility is based on prevailing short-term market rates. The line of credit matures on February 11, 2014. At March 31, 2013 and December 31, 2012, approximately $10.7 billion and $16.2 billion, respectively, was outstanding under this line of credit.

Brian T. Moynihan is the chief executive officer of Bank of America. He was elected to his role by the board of directors on December 16, 2009, and took office on January 1, 2010. Moynihan also is a member of the Bank of America board of directors. Moynihan has led Bank of America’s Global Diversity and Inclusion Council, a group of senior executives from across lines of business, since 2007. Moynihan joined Bank of America in 2004 following the company’s merger with FleetBoston Financial. In 2010, he was elected a trustee of the Corporation of Brown University.

Bank of America Corporate Center
100 North Tryon Street
Charlotte, NC 28255


Investor Relations:
Tel: 704-386-5681
Fax: 980-386-6699


Updated: 9/13/13

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Nice bus through on that 35 restripe 08/11/2022 09:20:19 AM
Well hi again BAC disbelievers , if ya t1215s 08/11/2022 07:56:13 AM
Been buying WFC over the past three weeks. conix 08/09/2022 11:41:28 AM
What a boring stock - I’m About to Nivea67515 08/09/2022 10:41:12 AM
Last post. ThirdEyeAnalyst 08/05/2022 02:04:05 AM
Todays FED decision was a slight surprise. The fromtheuk 07/27/2022 06:45:55 PM
Todays FED decision was a slight surprise. The fromtheuk 07/27/2022 06:45:54 PM
More JUNK Notes! This shit stock is finished! Saving Grace 07/27/2022 05:25:38 PM
BAC has really been a disappointment. The only conix 07/13/2022 02:35:15 PM
BAC drops below $30 & it’s over for Nivea67515 07/13/2022 10:31:37 AM
BAC and JPM - How're they holding up ? nowwhat2 07/05/2022 11:43:31 AM
Chart looks terrible !!!! Nivea67515 07/02/2022 02:19:01 PM
BAC Chart conix 07/02/2022 01:24:52 PM
I’ll never let anyone tell me ever again Nivea67515 06/30/2022 10:05:17 AM
Out the window or still in play? restripe 06/30/2022 08:02:57 AM
I hope so I picked up July 22 restripe 06/27/2022 08:30:34 PM
#22362 nowwhat2 06/27/2022 08:25:53 PM
July 15 and 22nd BAC 35 call volume restripe 06/27/2022 06:11:59 PM
Bank stocks have no legs- bank stocks are Nivea67515 06/22/2022 11:44:12 AM
Bank of America!! Stockemup371 06/14/2022 08:29:44 AM
Why would it have to go(X) there? Lowjack 06/07/2022 03:32:10 AM
First it has to go near the X nowwhat2 06/07/2022 02:37:56 AM
Measured move on that H/S is ~$24. Lowjack 06/07/2022 12:44:36 AM
Los criminales..... nowwhat2 05/29/2022 01:57:43 PM
No bail outs, Govt. letting short sellers crash Saving Grace 05/21/2022 08:38:06 PM
First mistake is listening to the talking heads Stockemup371 05/16/2022 01:42:52 PM
restripe; Me personally I ammmmmm buying the shettttt t1215s 05/12/2022 06:24:04 PM
looks like bounce time coming restripe 05/12/2022 02:43:10 PM
#22349 JCT777 05/12/2022 01:58:04 PM
I guess because inflation is higher. That said, fromtheuk 05/12/2022 08:10:07 AM
Why are the banks not going up in fr8 05/11/2022 09:36:32 PM
Garbage notes came out with no backing/insurance, Junk! Saving Grace 05/06/2022 05:51:11 PM
Nice runs TRUSTUNITS1000000 05/06/2022 09:06:52 AM
"It's settled law" temp luvs amy 05/05/2022 03:37:29 PM
Hmmm? As I have said when blue chips t1215s 05/04/2022 10:01:59 AM
Hmmm? As I have said when blue chips t1215s 05/04/2022 10:01:53 AM
Low I'm glad ur not! a computer illiterate, t1215s 05/02/2022 04:38:46 PM
#22339 Lowjack 04/27/2022 02:07:37 AM
Low Great go ahead and short it t1215s 04/20/2022 06:40:21 AM
Are earnings out? Then good to get back Lowjack 04/19/2022 05:51:20 PM
restripe, Some dont get it ! there's always t1215s 04/19/2022 03:28:00 PM
Low UUUUUUUUUUU gotta do better lol t1215s 04/19/2022 03:26:44 PM
Grabbed a weekly 40 Call .28 restripe 04/07/2022 09:39:59 AM
Upgraded means sell right! Lowjack 04/01/2022 09:35:35 PM
Well it just means that I will t1215s 04/01/2022 10:11:40 AM
Bank stock trade has been a bust !! Nivea67515 03/31/2022 12:33:48 PM
Low on Jack Hehehehe lonely life huh? it's t1215s 03/22/2022 05:13:49 PM
Better figure out what you are going to Lowjack 03/22/2022 03:02:54 PM
Nice on the sidelines right now back to restripe 03/22/2022 09:27:59 AM
Hey restripe->> Bank of America Whale Trades Spotted t1215s 03/21/2022 05:46:52 PM
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