1. Bank of America
Second Quarter 2007 Results
Ken Lewis
Chairman, CEO and President
Joe Price
Chief Financial Officer
July 19, 2007

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
• Certain prior period amounts have been reclassified to conform
to current period presentation
• The Corporation reports its Global Consumer & Small Business
Banking (GCSBB) results, specifically Card Services, on a
managed basis. Refer to Exhibit A in Supplemental Package for
reconciliation from Managed to Held Results.
• Effective April 1, 2007, the Corporation changed its income
statement presentation to reflect gains (losses) on sales of debt
securities as a component of noninterest income.
3

4. Summary Earnings Statement –
2nd Quarter Comparison
($ in millions)
2Q07 2Q06 $ Change % Change
Core net interest income (FTE) $ 8,146 $ 8,546 $ (400) (5 %)
Market-based net interest income 635 380
Net interest income (FTE) 8,781 8,926 (145) (2 %)
Noninterest income 11,177 9,589 1,588 17 %
Total revenue, net of interest expense (FTE) 19,958 18,515 1,443 8%
Provision for credit losses 1,810 1,005 805 80 %
Noninterest expense (excl merger charges) 9,018 8,523 495 6%
Merger charge 75 194
Noninterest expense 9,093 8,717
Pre-tax income 9,055 8,793
Income tax expense 3,294 3,318
Net income 5,761 5,475 286 5%
Merger & restructuring charges (after-tax) 47 123
Net Income before merger charges $ 5,808 $ 5,598 $ 210 4%
Diluted EPS reported $ 1.28 $ 1.19 8%
Merger charge impact .01 .03
Impact of intangibles amortization .05 .06
4

5. Businesses Generating Good Fee Revenue
2Q07 vs. 2Q06 Change
Managed Total Core Total
GCSBB GCIB GWIM Businesses Other Corp
Amt. % Amt. % Amt. % Amt.1 % Amt. Amt. %
Net interest income (FTE) $ 183 3% $177 7% $ 36 4% $ 396 4% $ (541) $ (145) (2 %)
Noninterest income 379 9% 322 11 % 119 13 % 820 10 % 768 1,588 17 %
Revenue, net of interest expense 562 5% 499 9% 155 8% 1,216 7% 227 1,443 8%
Provision for credit losses 1,287 71 % 19 86 % 26 65 % 1,332 74 % (527) 805 80 %
Noninterest expense 461 10 % 371 13 % 73 8% 905 11 % (529) 376 4%
Net income $ (745) (23 %) $ 75 5 % $ 37 6% $ (633) (12 %) $ 919 $ 286 5%
• Good fee revenue growth across all businesses
• Yield curve environment is muting revenue growth
• Trend toward normalcy for credit costs is muting earnings growth
1 Balance excludes the All Other business line.
5

6. Consolidated Highlights Adjusted to a Managed Basis1,2
Change from
($ in millions)
2Q06 1Q07
2Q07 Amt. % Amt. %
Net interest income (FTE) $10,733 $ 97 1% $ 277 3%
Noninterest income 10,487 1,831 21 % 1,331 15 %
Total revenue, net of interest expense (FTE) 21,220 1,928 10 % 1,608 8%
Provision for credit losses3 3,072 1,290 72 % 709 30 %
Noninterest expense (excl. merger chgs) 9,018 495 6% 32 -%
Merger charges 75 (119) (61 %) (36) (32 %)
Noninterest expense 9,093 376 4% (4) -%
Pre-tax income 9,055 262 3% 903 11 %
Income tax expense 3,294 (24) 397
Net income $ 5,761 $ 286 5% $ 506 10 %
Diluted EPS reported $ 1.28 $ .09 8%
Merger charge impact .01 ( .02)
1 Managed basis assumes that loans that have been securitized were not sold and presents earnings on these loans in a manner similar to the way loans that have not been sold (i.e.,
held loans) are presented. Noninterest income, both on a held and managed basis, includes the impact of adjustments to the interest-only strip that are recorded in card income.
2 Represents the Consolidated FTE results plus the loan securitization adjustments utilizing actual bond costs. This is different from GCSBB which utilizes fund transfer pricing
methodology. See reconciliation of Presented Held to Managed basis on pages 29 - 33.
3 Represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.
6

7. Highlights – 2nd Quarter
• Earnings of $5.8 billion
• Diluted EPS of $1.28 (includes $0.01 of merger charges) grew 8%
over 2Q06
• Revenue reflects strong noninterest income growth over 2Q06
across each line of business
• Total retail unit sales increased 8% over 2Q06 to 12.1 million
– Introduction of innovative products like No Fee Mortgage PLUS gaining
momentum
– Net new retail checking accounts increased to 717,000
• Assets under management again reached new highs increasing to
more than $566 billion
• Credit quality remains sound
• Solid capital position with Tier 1 Capital ratio of 8.52%
7

8. Global Consumer & Small Business Banking (GCSBB)
– Managed Basis
Change from
($ in millions)
2Q06 1Q07
2Q07 Amt. % Amt. %
Net interest income (FTE) $ 7,150 $ 183 3% $ 121 2%
Noninterest income 4,789 379 9% 395 9%
Total revenue, net of interest expense (FTE) 11,939 562 5% 516 5%
Provision for credit losses1 3,094 1,287 71 % 683 28 %
Noninterest expense 4,969 461 10 % 238 5%
Pre-tax income 3,876 (1,186) (23 %) (405) (9 %)
Income tax expense 1,417 (441) (169)
Net income $ 2,459 $ (745) (23 %) $(236) (9 %)
ROE 15.80 % (434 bps) (176 bps)
Efficiency ratio 41.62 % 200 bps 20 bps
• Card Services average loans grew 9% over 2Q06, led by International, Unsecured Lending and Business Card
• Consumer Card loss rate increased to 5.02% as expected. Projected to move lower next quarter.
• Retail sales of 12.1 million grew 8% over 2Q06
• Fee income growth over 2Q06 led by a combined 7% improvement in service charges and card income
• Small business unit sales grew 41% over 2Q06, led by online banking, business checking and debit
• Provision expense includes current quarter reserve build for growth in small business, home equity and unsecured
lending
1 Represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.
8

9. Deposits Business Metrics (GCSBB)
Trend of deposit indicators:
2Q07 1Q07 2Q06
Average balances (in billions)
Checking $125.8 $125.1 $128.7
Savings 30.0 29.7 32.3
MMS 62.6 64.2 72.3
CDs & IRAs 99.5 99.6 93.8
Foreign & Other 2.4 2.3 2.8
Total GCSBB deposits 320.3 320.9 329.9
GWIM and Business Banking deposits 1 152.0 148.7 135.0
Total retail deposit balances $472.3 $469.6 $464.9
Deposit Spreads
Checking 4.27 % 4.24 % 4.18 %
Savings 3.71 3.77 3.40
MMS 3.36 3.42 2.76
CDs & IRAs 1.10 1.13 1.24
Foreign & Other 4.28 4.41 4.25
Total GCSBB deposits 3.04 3.05 2.94
9 1 Retail deposit balances in business segments other than GCSBB

10. Retail Sales Highlights – 2Q07
Product Metric Performance Highlight
Checking Net new retail 717,000 units • Sales up 11% from 1Q07 and up 16% from
accounts 2Q06
Savings Net new retail 516,000 units • Keep the ChangeTM product driving growth
accounts surpassing 5 million users
Credit card New accounts 3.5 million units • Lower cost delivery strategy driving
increasing sales coupled with e-Commerce
Mortgage Production $29.2 billion • No Fee Mortgage PLUS product has lifted
banking center application volumes 36%
from last year
Home equity Production $22.7 billion • Remains the leader in the industry with
attractive no fee offering for customers
Debit card Revenue $539 million up • Remains #1 with 16% market share
14% over 2Q06 increasing usage and penetration rates
Online banking Activations 1.6 million units • Largest active online banking customer
base with 22 million, industry leading DDA-
based bill pay market share of 66%
Small business Sales 894,000 units • Debit, online banking, business checking
led sales
10

11. Global Corporate & Investment Banking (GCIB)
($ in millions) Change from
2Q06 1Q07
2Q07 Amt. % Amt. %
Net interest income (FTE) $2,618 $ 177 7% $ 206 9%
Noninterest income 3,196 322 11 % 285 10 %
Total revenue, net of interest expense (FTE) 5,814 499 9% 491 9%
Provision for credit losses 41 19 86 % (74) (64 %)
Noninterest expense 3,135 371 13 % 235 8%
Pre-tax income 2,638 109 4% 330 14 %
Income tax expense 968 34 107
Net income $1,670 $ 75 5% $ 223 15 %
ROE 16.15 % 106 bps 179 bps
Efficiency ratio 53.91 % 190 bps (56 bps)
• Capital Markets and Advisory Services revenue grew 23% over 2Q06 and 13% over 1Q07
• Investment banking revenue grew 27% over 2Q06 and 17% vs 1Q07
• Sales and trading increased 20% vs 2Q06 and 10% vs 1Q07
• Loans grew 10% vs 2Q06 with continued spread compression
• Average deposit and sweep balance growth of 7% with a continued trend from noninterest-bearing to interest-
bearing
11

12. Global Wealth & Investment Management (GWIM)
Change from
($ in millions)
2Q06 1Q07
2Q07 Amt. % Amt. %
Net interest income (FTE) $ 958 $ 36 4% $ 32 3%
Noninterest income 1,050 119 13 % 88 9%
Total revenue, net of interest expense (FTE) 2,008 155 8% 120 6%
Provision for credit losses (14) 26 65 % (37) NM
Noninterest expense 1,044 73 8% 27 3%
Pre-tax income 978 56 6% 130 15 %
Income tax expense 359 19 43
Net income $ 619 $ 37 6% $ 87 16 %
ROE 25.06 % 47 bps 346 bps
Efficiency ratio 51.97 % (43 bps) (190 bps)
• Investment and brokerage services is up 14% from 2Q06 as client asset growth and a more productive sales force
yielded results
• Added 330 associates to the Premier Banking and Investments sales force and 104 client facing associates to the
Private Bank since 2Q06
• Premier Banking and Investment client balances have increased 14% over 2Q06
• Premier Banking households using both bank and investment services rose 9 %, reflecting the company’s strategy to
meet more of the financial needs of these clients.
• Assets under management grew to $566 billion, up 13% from 2Q06
12

13. All Other – Including GCSBB Securitization
Eliminations
($ in millions) Change from
2Q06 1Q07
2Q07 Amt. % Amt. %
Net interest income (FTE) $ (1,945) $ (541) (39 %) $ (175) (10 %)
Noninterest income 2,142 768 56 % 522 32 %
Total revenue, net of interest expense (FTE) 197 227 NM 347 NM
Provision for credit losses1 (1,311) (527) (67 %) 3 -%
Merger & restruct. exp. 75 (119) (61 %) (36) (32 %)
Noninterest expense (130) (410) NM (468) NM
Pre-tax income 1,563 1,283 NM 848 NM
Income tax expense 550 364 416
Net income $ 1,013 $ 919 NM $ 432 74 %
Components of equity investment gains:
Principal investing $ 1,250 $ 833 NM $ 675 NM
Corporate & strategic 469 309 NM 148 46 %
Total All Other equity gains 1,719 1,142 NM 823 92 %
Other business segments 110 (12) (10 %) (8) (7 %)
Total Corp equity gains $ 1,829 $1,130 NM $ 815 80%
1 Represents the provision for credit losses in All Other combined with the GCSBB securitization offset.
13

14. 2nd Quarter Topical Items
• Equity investment gains
– Conversus transaction
• Asset quality
– Sound with expected increased loss trends associated primarily with targeted
growth areas
• Balance sheet management
– Managed net interest income trending up as expected
• Capital
– All regulatory ratios remain strong
14

15. Asset Quality Remains Sound
• Managed net credit loss ratio across all businesses was 1.30 %, up 4
basis points from the first quarter
– Held net charge-offs remained flat with 1Q07 at .81%
• Provision was higher than net charge-offs by $315 million
– Reserve build reflects seasoning and higher loss expectations in targeted growth
portfolios including small business, home equity and consumer unsecured lending
• Consumer card losses tracking as expected
– Managed consumer credit card net loss rate rose to 5.02% as expected from 4.73%
in 1Q07. 30 day delinquencies declined to 5.08% from 5.32% in 1Q07. 90 day
delinquencies declined as well to 2.55% from 2.79% in 1Q07.
• Growth in Small Business Lending drove the commercial losses in 2Q
• Commercial losses hovering at historic lows with net charge-off ratio
excluding small business 0.05%, up 1 basis point compared to 1Q07
15

16. Balanced Mix of Managed Consumer Loans
Total Managed Consumer 2Q07 Average Balances 1
$604.0B
Other Consumer 2%
DFS 7%
Unsecured Lending
4%
Residential Mortgage
Foreign Consumer Card
44%
5%
Avg. FICO 739 2
Avg. LTV 59%
2Q07 Managed loss ratio .02%
US Consumer Card
23%
Avg. FICO 689 2
2Q07 Managed loss ratio 5.02%3
Avg. FICO 722 2
Home Equity
1 Includes certain securitizations in addition to Avg. CLTV 66%
those within Card Services 15%
2Q07 Managed loss ratio .12%
2 FICOs and LTVs are on a refreshed basis as
of 6/30/07
3 Card loss represents Consumer Credit Card
16

17. Net Interest Income
($ in millions)
Linked Quarter Net Interest Income & Yield
2Q07 1Q07 $ Change % Change
Reported net interest income (FTE) $ 8,781 $ 8,597 $ 184 2%
Market based NII (635) (484) (151)
Core net interest income (FTE) 8,146 8,113 33 -%
Impact of securitizations 1,952 1,859 93
Core NII - Managed Basis $10,098 $ 9,972 $ 126 1%
Avg. earning assets $1,358,199 $1,321,946 $ 36,253 3%
Market based earning assets 425,647 408,113 17,534 4%
Impact of securitizations 102,357 102,529 (172) - %
Reported net interest yield 2.59 % 2.61 % (2 bps)
Core net interest yield 3.50 % 3.56 % (6 bps)
Core net interest yield – Managed Basis 3.91 % 3.94 % (3 bps)
• Change in core net interest income – managed basis driven by:
1 more accrual day in the qtr ($75 mm)
Consumer and commercial loan growth ($95 mm)
Offset by loss of revenue from sale of Latin America businesses in 1Q ($65 mm)
17

18. Bank of America
NII Sensitivity on a Managed Basis
First Rolling 12 Months
June 30, 2007
300
Year 1 FF: 7.00
10-Y: 6.72
NII ∆: -900
200
Curve Flatteners
NII ∆: -835
FF: 6.00
10-Y: 5.72
FF: 2.75
NII ∆: -586
10-Y: 4.78
NII ∆: -511
100
FF: 5.00
10-Y: 5.72
C an inF F n s
ed u d
FF: 5.00 FF: 5.00
10-Y: 4.72 10-Y: 6.72
NII ∆: -94 NII ∆: 61
0
FF: 5.25
h ge
-300 -200 -100 0 100 200 300
10-Y: 5.67
NII ∆: -76
NII ∆: 840 FF: 4.00
S -100 10-Y: 5.72
NII ∆: 938
FF: 1.75
NII ∆: 1,519 10-Y: 4.45
NII ∆: 299
-200
Curve Steepeners
FF: 3.00
10-Y: 4.72
NII ∆: 1,760
-300
Change in 10-yr Swap

19. Bank of America
NII Sensitivity on a Managed Basis
First Rolling 12 Months
March 31, 2007
300
Year 1 FF: 6.67
10-Y: 6.20
NII ∆: -975
200
Curve Flatteners NII ∆: -880
FF: 5.67
10-Y: 5.20
FF: 2.75 NII ∆: -763
10-Y: 4.78
100 NII ∆: -631
FF: 4.67
Change in Fed Funds
10-Y: 5.20
FF: 4.67 FF: 4.67
10-Y: 4.20 10-Y: 6.20
NII ∆: -256 NII ∆: 153
0
-300 -200 -100 0 FF: 5.34 100 200 300
10-Y: 5.34
NII ∆: -500
NII ∆: 688
FF: 3.67
S -100 10-Y: 5.20
NII ∆: 895
FF: 1.75
10-Y: 4.45
NII ∆: 299
NII ∆: 1,121 -200 Curve Steepeners
FF: 2.67
10-Y: 4.20
NII ∆: 1,616
-300
Change in 10-yr Swap

20. Net Interest Income – Managed Sensitivity
($ in millions)
Managed Net interest income impact for next 12 months
Forward curve interest rate scenarios @6/30/07 @3/31/07
+ 100 bp parallel shift $(511) $(631)
- 100 bp parallel shift 840 688
Flattening scenario from forward curve
+ 100 bp flattening on short end (586) (763)
- 100 bp flattening on long end (94) (256)
Steepening scenario from forward curve
+ 100 bp steepening on long end 61 153
- 100 bp steepening on short end 938 895
20

21. Capital Strength
($ in millions) 2Q07 1Q07 2Q06
Tier 1 Capital $ 94,979 $ 91,112 $ 84,978
Risk Weighted Assets 1,115,150 1,062,883 1,019,828
Tier 1 Capital Ratio 8.52 % 8.57 % 8.33 %
Total Capital Ratio 12.11 % 11.94 % 11.25 %
Tier 1 Leverage Ratio 6.33 % 6.25 % 6.13 %
Tangible Equity $ 61,186 $ 59,943 $ 51,408
Tangible Equity Ratio 4.19 % 4.20 % 3.76 %
Tangible Equity Ratio Adj for OCI 4.82 % 4.70 % 4.49 %
Months to required funding- Parent Co. 26 23 22
Earnings Returned to Common Shareholders
Dividends paid $2,494 $ 2,502 $ 2,285
Cost of net share repurchases 273 1,359 3,054
Dividends & net repur. as % of earnings 48 % 74 % 98 %
Dividend yield 4.58 % 4.39 % 4.16 %
21

22. Appendix
22

23. Summary Earnings Statement –
1st 6 Months Comparison
($ in millions)
YTD 07 YTD 06 $ Change % Change
Core net interest income (FTE) $ 16,259 $17,174 $ (915) (5 %)
Market-based net interest income 1,119 792
Net interest income (FTE) 17,378 17,966 (588) (3 %)
Noninterest income 21,064 18,504 2,560 14 %
Total revenue, net of interest expense (FTE) 38,442 36,470 1,972 5%
Provision for credit losses 3,045 2,275 770 34 %
Noninterest expense (excl merger charges) 18,004 17,349 655 4%
Merger charge 186 292
Noninterest expense 18,190 17,641
Pre-tax income 17,207 16,554
Income tax expense 6,191 6,093
Net income 11,016 10,461 555 5%
Merger & restructuring charges (after-tax) 117 184
Net Income before merger charges $ 11,133 $10,645 $ 488 5%
Diluted EPS reported $ 2.44 $ 2.25 8%
Merger charge impact .02 .04
Impact of intangibles amortization .11 .12
23

24. Consolidated Highlights Adjusted to a Managed Basis1,2
($ in millions)
Change vs. YTD06
YTD07 Amt. %
Net interest income (FTE) $21,189 $ (212) (1 %)
Noninterest income 19,643 3,143 19 %
Total revenue, net of interest expense (FTE) 40,832 2,931 8%
Provision for credit losses3 5,435 1,729 47 %
Noninterest expense (excl. merger chgs) 18,004 655 4%
Merger charges 186 (106) (36 %)
Noninterest expense 18,190 549 3%
Pre-tax income 17,207 653 4%
Income tax expense 6,191 98
Net income $11,016 $ 555 5%
1 Managed basis assumes that loans that have been securitized were not sold and presents earnings on these loans in a manner similar to the
way loans that have not been sold (i.e., held loans) are presented. Noninterest income, both on a held and managed basis, includes the
impact of adjustments to the interest-only strip that are recorded in card income.
2 Represents the Consolidated FTE results plus the loan securitization adjustments utilizing actual bond costs. This is different from GCSBB
which utilizes fund transfer pricing methodology. See reconciliation of Presented Held to Managed basis on pages 29 - 33.
3 Represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.
24

25. Global Consumer & Small Business Banking (GCSBB)
– Managed Basis
($ in millions)
Change vs. YTD06
YTD07 Amt. %
Net interest income (FTE) $14,179 $ 120 1%
Noninterest income 9,183 1,024 13 %
Total revenue, net of interest expense (FTE) 23,362 1,144 5%
Provision for credit losses1 5,505 1,797 48 %
Noninterest expense 9,700 581 6%
Pre-tax income 8,157 (1,234) (13 %)
Income tax expense 3,003 (459)
Net income $ 5,154 $ (775) (13 %)
ROE 16.67 % (175 bps)
Efficiency ratio 41.52 % 48 bps
• Card Services average loans grew 8% over YTD06, led by International, Unsecured Lending and Business Card
• Consumer Card loss rate YTD increased to 4.88%
• Retail sales of 23.8 million grew 7% over YTD06
• Fee income growth over YTD06 led by a combined 11% improvement in service charges and card income
• Small business unit sales grew 37% over YTD06, led by online banking, business checking and debit
1 Represents the provision for credit losses on held loans combined with realized credit losses associated with the securitized loan portfolio.
25

26. Global Corporate & Investment Banking (GCIB)
($ in millions)
Change vs. YTD06
YTD07 Amt. %
Net interest income (FTE) $ 5,030 $ 100 2%
Noninterest income 6,107 438 8%
Total revenue, net of interest expense (FTE) 11,137 538 5%
Provision for credit losses 156 109 NM
Noninterest expense 6,035 439 8%
Pre-tax income 4,946 (10) -%
Income tax expense 1,829 (7)
Net income $ 3,117 $ (3) -%
ROE 15.27 % 36 bps
Efficiency ratio 54.18 % 138 bps
• Capital Markets and Advisory Services revenue grew 12% over record YTD06
• Investment banking revenue grew 31% over YTD06
• Sales and trading revenue increased 5% vs YTD06
26

27. Global Wealth & Investment Management (GWIM)
($ in millions)
Change vs. YTD06
YTD07 Amt. %
Net interest income (FTE) $ 1,884 $ 23 1%
Noninterest income 2,012 191 10 %
Total revenue, net of interest expense (FTE) 3,896 214 6%
Provision for credit losses 9 49 NM
Noninterest expense 2,061 123 6%
Pre-tax income 1,826 42 2%
Income tax expense 675 14
Net income $ 1,151 $ 28 2%
ROE 23.33 % 81 bps
Efficiency ratio 52.89 % 24 bps
• Investment and brokerage services is up 13% from YTD06 as client asset growth and a more productive sales force
yielded results
27

28. All Other – Including GCSBB Securitization
Eliminations
($ in millions)
Change vs. YTD06
YTD07 Amt. %
Net interest income (FTE) $ (3,715) $ (831) (29 %)
Noninterest income 3,762 907 32 %
Total revenue, net of interest expense (FTE) 47 76 NM
Provision for credit losses1 (2,625) (1,185) (82 %)
Merger & restruct. exp. 186 (106) (36 %)
Noninterest expense 208 (488) (70 %)
Pre-tax income 2,278 1,855 NM
Income tax expense 684 550
Net income $ 1,594 $1,305 NM
Components of equity investment gains:
Principal investing $ 1,825 $1,082 NM
Corporate & strategic 790 385 95 %
Total All Other equity gains 2,615 1,467 NM
Other business segments 228 (41) (15 %)
Total Corp equity gains $ 2,843 $1,426 NM
1 Represents the provision for credit losses in All Other combined with the GCSBB securitization offset.
28

29. Reconciliation of Presented Held to Managed Basis –
Consolidated 2Q071
($ in millions)
2Q07
Held Securitizations Managed
Basis Impact Basis2
Net interest income (FTE) $ 8,781 $ 1,952 $ 10,733
Noninterest income 11,177 (690) 10,487
Total revenue, net of interest expense (FTE) 19,958 1,262 21,220
Provision for credit losses 1,810 1,262 3,072
Noninterest expense (excl. merger chgs) 9,018 - 9,018
Merger charges 75 - 75
Noninterest expense 9,093 - 9,093
Pre-tax income 9,055 - 9,055
Income tax expense 3,294 - 3,294
Net income $ 5,761 $ - $ 5,761
1 Represents the Consolidated FTE results plus the loan securitization adjustments utilizing actual bond costs. This is different from GCSBB
which utilizes fund transfer pricing methodology.
2 Provision for credit losses on a managed basis represents held loans combined with realized credit losses associated with the securitized
loan portfolio.
29

30. Reconciliation of Presented Held to Managed Basis –
Consolidated 2Q061
($ in millions)
2Q06
Held Securitizations Managed
Basis Impact Basis2
Net interest income (FTE) $ 8,926 $ 1,710 $ 10,636
Noninterest income 9,589 (933) 8,656
Total revenue, net of interest expense (FTE) 18,515 777 19,292
Provision for credit losses 1,005 777 1,782
Noninterest expense (excl. merger chgs) 8,523 - 8,523
Merger charges 194 - 194
Noninterest expense 8,717 - 8,717
Pre-tax income 8,793 - 8,793
Income tax expense 3,318 - 3,318
Net income $ 5,475 $ - $ 5,475
1 Represents the Consolidated FTE results plus the loan securitization adjustments utilizing actual bond costs. This is different from GCSBB
which utilizes fund transfer pricing methodology.
2 Provision for credit losses on a managed basis represents held loans combined with realized credit losses associated with the securitized
loan portfolio.
30

31. Reconciliation of Presented Held to Managed Basis –
Consolidated 1Q071
($ in millions)
1Q07
Held Securitizations Managed
Basis Impact Basis2
Net interest income (FTE) $ 8,597 $ 1,859 $10,456
Noninterest income 9,887 (731) 9,156
Total revenue, net of interest expense (FTE) 18,484 1,128 19,612
Provision for credit losses 1,235 1,128 2,363
Noninterest expense (excl. merger chgs) 8,986 - 8,986
Merger charges 111 - 111
Noninterest expense 9,097 - 9,097
Pre-tax income 8,152 - 8,152
Income tax expense 2,897 - 2,897
Net income $ 5,255 $ - $ 5,255
1 Represents the Consolidated FTE results plus the loan securitization adjustments utilizing actual bond costs. This is different from GCSBB
which utilizes fund transfer pricing methodology.
2 Provision for credit losses on a managed basis represents held loans combined with realized credit losses associated with the securitized
loan portfolio.
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32. Reconciliation of Presented Held to Managed Basis –
Consolidated YTD 20071
($ in millions)
YTD 2007
Held Securitizations Managed
Basis Impact Basis2
Net interest income (FTE) $ 17,378 $ 3,811 $ 21,189
Noninterest income 21,064 (1,421) 19,643
Total revenue, net of interest expense (FTE) 38,442 2,390 40,832
Provision for credit losses 3,045 2,390 5,435
Noninterest expense (excl. merger chgs) 18,004 - 18,004
Merger charges 186 - 186
Noninterest expense 18,190 - 18,190
Pre-tax income 17,207 - 17,207
Income tax expense 6,191 - 6,191
Net income $ 11,016 $ - $ 11,016
1 Represents the Consolidated FTE results plus the loan securitization adjustments utilizing actual bond costs. This is different from GCSBB
which utilizes fund transfer pricing methodology.
2 Provision for credit losses on a managed basis represents held loans combined with realized credit losses associated with the securitized
loan portfolio.
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33. Reconciliation of Presented Held to Managed Basis –
Consolidated YTD 20061
($ in millions)
YTD 2006
Held Securitizations Managed
Basis Impact Basis2
Net interest income (FTE) $ 17,966 $ 3,435 $ 21,401
Noninterest income 18,504 (2,004) 16,500
Total revenue, net of interest expense (FTE) 36,470 1,431 37,901
Provision for credit losses 2,275 1,431 3,706
Noninterest expense (excl. merger chgs) 17,349 - 17,349
Merger charges 292 - 292
Noninterest expense 17,641 - 17,641
Pre-tax income 16,554 - 16,554
Income tax expense 6,093 - 6,093
Net income $ 10,461 $ - $ 10,461
1 Represents the Consolidated FTE results plus the loan securitization adjustments utilizing actual bond costs. This is different from GCSBB
which utilizes fund transfer pricing methodology.
2 Provision for credit losses on a managed basis represents held loans combined with realized credit losses associated with the securitized
loan portfolio.
33