Bank of America 1998 Annual Report Download - page 26

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Consumers
Products and services are delivered
through 4,700 banking centers and 14,000
ATM s, which serve 30 million households in
22 states, the District of Columbia and
Hong Kong, plus through telephone and
personal computers.
Deposit Products. Checking, money
market, savings accounts, time deposits,
IRAs.
Consumer Finance. Home equity,
personal, auto and student loans and auto
leasing.
Mortgage Banking. Home loans for
one- to four-unit properties.
Card Services. Consumer and
commercial credit cards, check cards,
ATM cards, smart cards (stored value
cards).
Community Investment. Affordable
housing initiatives, economic development
and related consumer lending activities in
underserved communities.
Private Banking. Investment manage-
ment, personal trust, tax and estate plan-
ning, customized lending and banking for
high-net-worth customers.
Brokerage. Full-services and discount
brokerage services which provide access
to a wide range of non-FDIC-insured
investments, including stocks, bonds,
fixed-income securities, and mutual funds.
Insurance Products. Credit-related
insurance products and access to personal
life insurance.
Military Banking. Financial products
and services for U.S. military personnel
worldwide.
Products and services we provide
Small and middle-market
businesses
Services delivered to small businesses
through 4,700 banking centers and
14,000 ATM s, which serve 2 million small
businesses in 22 states and the District of
Columbia; through telephone and personal
computers; and through commercial
banking offices which serve middle
market businesses with sales of up to
$500 million.
Deposit Products. Treasury and cash
management services, checking, savings,
money market deposit accounts, IRAs.
Credit Services. Commercial lending,
inventory financing for auto, truck, boat,
manufactured housing and RV dealers,
asset-backed and cash flow lending,
leasing and factoring.
Commercial Finance. Equipment loans
and leases, loans for debt restructuring,
mergers, and working capital, real estate
and health care financing and inventory
financing to manufacturers, distributors,
and dealers.
Community Investment. Conventional
and government-assisted loans, as well as
investments in small business investment
corporations, minority business venture
capital funds and other products.
Private Banking. Investment manage-
ment, personal trust, tax and estate
planning, customized lending and
banking for private businesses.
Brokerage. Full-services and discount
brokerage services which provide access
to a wide range of non-FDIC-insured
investments, including stocks, bonds,
fixed-income securities, and mutual funds.
Domestic and international
corporations, financial institutions,
and government entities
Clients supported through offices in
37 countries in four distinct geographic
regions: the U.S. and Canada; Asia; Europe,
M iddle East and Africa; and Latin
America. We deliver specialized industry
expertise to the following sectors: aerospace
and defense, apparel, automotive and trans-
portation, business services, communications,
construction and engineering, consumer
products and services, entertainment and
media, financial services, food and agribusi-
ness, healthcare and pharmaceuticals,
natural resources ( chemicals, energy, paper
and forest products, utilities) , real estate,
retail, sports, and technology.
Equity and Advisory. Public and
private equity, research, sales and trading,
derivatives, institutional brokerage
(including prime brokerage and
correspondent clearing services),
mergers and acquisitions advisory.
Debt Products. Corporate lending,
syndicated finance, crossover and
investment-grade fixed-income products
and services, commercial paper, global
asset securitization, global project finance,
leasing, private placements.
Debt Sales and Trading. Sales, trading
and research for high-grade and high-yield
fixed income and floating-rate products,
syndications, mortgage-backed securities,
distressed debt.
Global Markets. Global foreign
exchange, global derivative products,
municipal and government securities,
emerging markets trading, global
markets/financial research.
Global Treasury. Global cash
management (receipts, payments, and
treasury management), U.S. interstate
depository network, internet-based
solutions and EDI, global trade services.
Real Estate. Originating, structuring,
and underwriting services for real estate
companies, investors, funds, home builders.
Principal Investing. Direct and indirect
equity investments in a broad array of
industries.
Institutional Investment Management.
Investment advisory and management
services for institutional clients.