Bank of America 1999 Annual Report Download - page 32

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To the Board of Directors and Shareholders of
Bank of America Corporation
We have audited, in accordance with auditing standards
generally accepted in the United States, the consolidated balance
sheet of Bank of America Corporation and its subsidiaries as
of December 31, 1999 and 1998, and the related consolidated
statements of income, of changes in shareholders’ equity and
of cash flows for each of the three years then ended (not
presented herein); and in our report dated January 13, 2000,
we expressed an unqualified opinion on those consolidated
financial statements.
In our opinion, the information set forth in the accompanying
condensed consolidated financial statements is fairly stated, in
all material respects, in relation to the consolidated financial
statements from which it has been derived.
Charlotte, North Carolina
January 13, 2000
30
Report of
independent
accountants
Products and services
Consumers
Products and services are delivered through
4,700 banking centers, 100 private banking
offices and 14,000 ATMs, which serve
30 million households in 21 states, the
District of Columbia and Hong Kong, as well
as through telephone and online channels.
Deposit Products Checking, money market,
savings accounts, time deposits and IRAs.
Consumer Finance Home equity, personal, auto
and student loans and auto leasing.
Mortgage Banking Home loans for one- to
four-unit residential properties.
Card Services Consumer credit cards, check
cards, ATM cards and smart cards (stored
value cards).
Community Investment Affordable housing
initiatives, economic development and related
consumer lending activities in underserved
communities.
Premier Banking Dedicated client manager and
extra banking privileges for preferred clients.
Private Banking Investment management,
personal trust, tax and estate planning,
advisory services, customized lending and
banking for high-net-worth customers.
Brokerage Full-service and discount brokerage
services which provide access to a wide range of
non-FDIC-insured investments, including
stocks, bonds, fixed-income securities, mutual
funds, annuities and asset management sweep
accounts.
Insurance Products Credit-related insurance
products and access to personal life insurance.
Military Banking Financial products and
services for U.S. military personnel worldwide.