1.0.0.3falseRegulatory Requirements and Restrictionsfalse1$falsefalseiso4217_USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170iso4217_USD_per_sharesDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instanceshares0sharesStandardhttp://www.xbrl.org/2003/instanceshares053us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlockus-gaaptruenadurationstringNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalse00<div>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial" color="#B23040" size="3"><b>NOTE 16 –
Regulatory Requirements and Restrictions</b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="justify">
<font style="FONT-FAMILY: ARIAL" size="1">The Federal Reserve
requires the Corporation’s banking subsidiaries to maintain
reserve balances based on a percentage of certain deposits. Average
daily reserve balances required by the Federal Reserve were $10.9
billion and $7.1 billion for 2009 and 2008. Currency and coin
residing in branches and cash vaults (vault cash) are used to
partially satisfy the reserve requirement. The average daily
reserve balances, in excess of vault cash, held with the Federal
Reserve amounted to $3.4 billion and $133 million for 2009 and
2008.</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">The
primary sources of funds for cash distributions by the Corporation
to its shareholders are dividends received from its banking
subsidiaries, Bank of America, N.A. and FIA Card Services, N.A. In
2009, the Corporation received $3.4 billion in dividends from Bank
of America, N.A. In 2010, Bank of America, N.A. and FIA Card
Services, N.A. can declare and pay dividends to the Corporation of
$1.4 billion and $0 plus an additional amount equal to their net
profits for 2010, as defined by statute, up to the date of any such
dividend declaration. The other subsidiary national banks can
initiate aggregate dividend payments in 2010 of $373 million plus
an additional amount equal to their net profits for 2010, as
defined by statute, up to the date of any such dividend
declaration. The amount of dividends that each subsidiary bank may
declare in a calendar year without approval by the Office of the
Comptroller of the Currency (OCC) is the subsidiary bank’s
net profits for that year combined with its net retained profits,
as defined, for the preceding two years.</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">The
Federal Reserve, OCC, Federal Deposit Insurance Corporation (FDIC)
and Office of Thrift Supervision (collectively, joint agencies)
have in place regulatory capital guidelines for U.S. banking
organizations. Failure to meet the capital requirements can
initiate certain mandatory and discretionary actions by regulators
that could have a material effect on the Corporation’s
financial position. The regulatory capital guidelines measure
capital in relation to the credit and market risks of both on- and
off-balance sheet items using various risk weights. Under the
regulatory capital guidelines, Total capital consists of three
tiers of capital. Tier 1 capital includes common
shareholders’ equity, Trust Securities, noncontrolling
interests and qualifying preferred stock, less goodwill and other
adjustments. Tier 2 capital consists of preferred stock not
qualifying as Tier 1 capital, mandatorily convertible debt, limited
amounts of subordinated debt, other qualifying term debt, the
allowance for credit losses up to 1.25 percent of risk-weighted
assets and other adjustments. Tier 3 capital includes subordinated
debt that is unsecured, fully paid, has an original maturity of at
least two years, is not redeemable before maturity without prior
approval by the Federal Reserve and includes a lock-in clause
precluding payment of either interest or principal if the payment
would cause the issuing bank’s risk-based capital ratio to
fall or remain below the required minimum. Tier 3 capital can only
be used to satisfy the Corporation’s market risk capital
requirement and may not be used to support its credit risk
requirement. At December 31, 2009 and 2008, the Corporation
had no subordinated debt that qualified as Tier 3
capital.</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">Certain
corporate-sponsored trust companies which issue Trust Securities
are not consolidated. In accordance with Federal Reserve guidance,
the Federal Reserve allows Trust Securities to qualify as Tier 1
capital with revised quantitative limits that will be effective on
March 31, 2011. As a result, the Corporation includes Trust
Securities in Tier 1 capital. Current limits restrict core capital
elements to 15 percent of total core capital elements for
internationally active bank holding companies. In addition, the
Federal Reserve revised the qualitative standards for capital
instruments included in regulatory capital. Internationally active
bank holding companies are those that have significant activities
in non-U.S. markets with consolidated assets greater than $250
billion or on-balance sheet foreign exposure greater than $10
billion. At December 31, 2009, the Corporation’s
restricted core capital elements comprised 11.8 percent of total
core capital elements. The Corporation expects to remain fully
compliant with the revised limits prior to the implementation date
of March 31, 2011.</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">To meet
minimum, adequately-capitalized regulatory requirements, an
institution must maintain a Tier 1 capital ratio of four percent
and a Total capital ratio of eight percent. A
“well-capitalized” institution must generally maintain
capital ratios 200 bps higher than the minimum guidelines. The
risk-based capital rules have been further supplemented by a Tier 1
leverage ratio, defined as Tier 1 capital divided by adjusted
quarterly average total assets, after certain adjustments.
“Well-capitalized” bank holding companies must have a
minimum Tier 1 leverage ratio of four percent. National banks must
maintain a Tier 1 leverage ratio of at least five percent to be
classified as “well-capitalized.”</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">Net
unrealized gains (losses) on AFS debt securities, net unrealized
gains on AFS marketable equity securities, net unrealized gains
(losses) on derivatives, and employee benefit plan adjustments in
shareholders’ equity are excluded from the calculations of
Tier 1 common capital, Tier 1 capital and leverage ratios. The
Total capital ratio excludes all of the above with the exception of
up to 45 percent of net unrealized pre-tax gains on AFS marketable
equity securities.</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">The
Corporation calculates Tier 1 common capital as Tier 1 capital
including CES less qualifying trust preferred securities, hybrid
securities and qualifying noncontrolling interest in subsidiaries.
CES is included in Tier 1 common capital based upon applicable
regulatory guidance and the expectation that the underlying Common
Equivalent Stock would convert into common stock following
shareholder approval of additional authorized shares. Tier 1 common
capital was $120.4 billion and $63.3 billion and the Tier 1 common
capital ratio was 7.81 percent and 4.80 percent at
December 31, 2009 and 2008.</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font size="1"> </font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font size="1"> </font></p>
<p style="BORDER-BOTTOM: #b23040 2pt solid; LINE-HEIGHT: 1px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px">
 </p>
<p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial" size="1"><b>Regulatory Capital</b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">
 </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="53%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
</tr>
<tr>
<td valign="bottom"><font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="19" align="center"><font style="FONT-FAMILY: Arial" size="1"><b>December 31</b></font></td>
</tr>
<tr>
<td valign="bottom"><font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="8" align="center"><font style="FONT-FAMILY: Arial" size="1"><b>2009</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="8" align="center"><font style="FONT-FAMILY: ARIAL" size="1">2008</font></td>
</tr>
<tr>
<td valign="bottom"><font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="5" align="center"><font style="FONT-FAMILY: Arial" size="1"><b>Actual</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" rowspan="2" colspan="2" align="right">
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="right">
<font style="FONT-FAMILY: Arial" size="1"><b>Minimum</b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 1px" align="right">
<font style="FONT-FAMILY: Arial" size="1"><b>Required <font size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font></b></font></p>
</td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="5" align="center"><font style="FONT-FAMILY: ARIAL" size="1">Actual</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" rowspan="2" colspan="2" align="right">
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="right">
<font style="FONT-FAMILY: ARIAL" size="1">Minimum</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 1px" align="right">
<font style="FONT-FAMILY: ARIAL" size="1">Required <sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font></p>
</td>
</tr>
<tr>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">(Dollars in millions)</font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>Ratio</b></font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>Amount</b></font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">    </font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">Ratio</font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" colspan="2" align="right"><font style="FONT-FAMILY: ARIAL" size="1">Amount</font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">    </font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.5em; MARGIN-LEFT: 1.5em"><font style="FONT-FAMILY: Arial" size="1"><b>Risk-based capital</b></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.5em; MARGIN-LEFT: 1.5em"><font style="FONT-FAMILY: Arial" size="1"><b>Tier 1 common</b></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1"><i>Bank of America
Corporation</i></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>7.81</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>% </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b>$</b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>120,394</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>n/a</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">4.80</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">% </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">63,339</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">n/a</font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.5em; MARGIN-LEFT: 1.5em"><font style="FONT-FAMILY: Arial" size="1"><b>Tier 1</b></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1"><i>Bank of America
Corporation</i></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>10.40</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>160,388</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b>$</b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>61,676</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">9.15</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">120,814</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1">$</font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">52,833</font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1">Bank of America, N.A.</font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>10.30</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>111,916</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>43,472</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">8.51</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">88,979</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">41,818</font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1">FIA Card Services, N.A.</font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>15.21</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>28,831</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>7,584</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">13.90</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">19,573</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">5,632</font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.5em; MARGIN-LEFT: 1.5em"><font style="FONT-FAMILY: Arial" size="1"><b>Total</b></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1"><i>Bank of America
Corporation</i></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>14.66</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>226,070</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>123,401</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">13.00</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">171,661</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">105,666</font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1">Bank of America, N.A.</font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>13.76</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>149,528</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>86,944</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">11.71</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">122,392</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">83,635</font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1">FIA Card Services, N.A.</font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>17.01</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>32,244</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>15,168</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">16.25</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">22,875</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">11,264</font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.5em; MARGIN-LEFT: 1.5em"><font style="FONT-FAMILY: Arial" size="1"><b>Tier 1 leverage</b></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1"><i>Bank of America
Corporation</i></font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>6.91</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>160,388</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>92,882</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">6.44</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">120,814</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">56,155</font></td>
</tr>
<tr>
<td valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1">Bank of America, N.A.</font></p>
</td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>7.38</b></font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>111,916</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>60,626</b></font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">5.94</font></td>
<td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td valign="bottom"><font size="1">  </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">88,979</font></td>
<td valign="bottom"><font size="1">    </font></td>
<td valign="bottom"><font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">44,944</font></td>
</tr>
<tr>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="top">
<p style="TEXT-INDENT: -1.6em; MARGIN-LEFT: 3.2em"><font style="FONT-FAMILY: ARIAL" size="1">FIA Card Services, N.A.</font></p>
</td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>23.09</b></font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1"><b>  </b></font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>28,831</b></font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">    </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font style="FONT-FAMILY: Arial" size="1"><b> </b></font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1"><b>4,994</b></font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">    </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">14.28</font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: ARIAL" size="1">  </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">  </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">19,573</font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font size="1">    </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom">
<font style="FONT-FAMILY: ARIAL" size="1"> </font></td>
<td style="BORDER-BOTTOM: #b23040 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: ARIAL" size="1">4,113</font></td>
</tr>
</table>
<table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="1%" align="left"><font style="FONT-FAMILY: ARIAL" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font></td>
<td valign="top" align="left">
<p align="justify"><font style="FONT-FAMILY: ARIAL" size="1">Dollar
amount required to meet guidelines for adequately capitalized
institutions.</font></p>
</td>
</tr>
</table>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="justify">
<font style="FONT-FAMILY: ARIAL" size="1">n/a = not
applicable</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">
 </p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Arial" size="2"><b>Regulatory Capital
Developments</b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="justify">
<font style="FONT-FAMILY: ARIAL" size="1">In June 2004, the Basel
II Accord was published with the intent of more closely aligning
regulatory capital requirements with underlying risks, similar to
economic capital. While economic capital is measured to cover
unexpected losses, the Corporation also manages regulatory capital
to adhere to regulatory standards of capital adequacy. The Basel II
Final Rule (Basel II Rules), which was published on
December 7, 2007, established requirements for the U.S.
implementation and provided detailed capital requirements for
credit and operational risk under Pillar 1, supervisory
requirements under Pillar 2 and disclosure requirements under
Pillar 3. The Corporation will begin Basel II parallel
implementation during the second quarter of 2010.</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">In July
2009, the Basel Committee on Banking Supervision released a
consultative document entitled “Revisions to the Basel II
Market Risk Framework” that would significantly increase the
capital requirements for trading book activities if adopted as
proposed. The proposal recommended implementation by December 31,
2010, but regulatory agencies have not yet issued a notice of
proposed rulemaking, which is required before establishing final
rules. As a result, the Corporation cannot determine the
implementation date or the final capital impact.</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">In
December 2009, the Basel Committee on Banking Supervision issued a
consultative document entitled “Strengthening the Resilience
of the Banking Sector.” If adopted as proposed, this could
increase significantly the aggregate equity that bank holding
companies are required to hold by disqualifying certain instruments
that previously have qualified as Tier 1 capital. In addition, it
would increase the level of risk-weighted assets. The proposal
could also increase the capital charges imposed on certain assets
potentially making certain businesses more expensive to conduct.
Regulatory agencies have not opined on the proposal for
implementation. The Corporation continues to assess the potential
impact of the proposal.</font></p>
<p style="MARGIN-TOP: 0px; TEXT-INDENT: 16px; MARGIN-BOTTOM: 0px" align="justify"><font style="FONT-FAMILY: ARIAL" size="1">As part
of the Capital Assistance Program (CAP), the Corporation, as well
as several other large financial institutions, are subject to the
SCAP conducted by the federal regulators. The objective of the SCAP
is to assess losses that could occur under certain economic
scenarios, including economic conditions more severe than the
Corporation currently anticipates. As a result of the SCAP, in May
2009 federal regulators determined that the Corporation required an
additional $33.9 billion of Tier 1 common capital to sustain the
most severe economic circum stances assuming a more prolonged and
deeper recession over a two-year period than both private and
government economists currently project. The Corporation achieved
the increased capital requirement during 2009 through strategic
transactions that increased common capital by approximately $39.7
billion which significantly exceeded the SCAP buffer. This included
a gain from the sale of shares in CCB, direct sale of common stock,
reduced dividends on preferred shares associated with shares
exchanged for common stock and related deferred tax
disallowances.</font></p>
</div>NOTE 16 –
Regulatory Requirements and Restrictions
The Federal Reserve
requires the Corporation’s banking subsidiaries to maintain
reservefalsefalseNo definition available.No authoritative reference available.falsefalse11falseUnKnownUnKnownUnKnownfalsetrue
