Bank of America 1999 Annual Report Download - page 33

31
Small businesses
Services delivered to small businesses
through 4,700 banking centers and
14,000 ATMs, which serve two million
small businesses in 21 states and the
District of Columbia; and through
telephone and online channels.
Treasury Management Checking, money
market accounts, sweeps and treasury
management services.
Credit Services Term loans, lines of credit,
working capital financing, vehicle and
equipment financing, leasing and factoring,
and real estate loans.
Community Investment Conventional and
government-assisted loans, as well as
investments in small business investment
corporations, minority business venture
capital funds and other products.
Card Services Merchant services, bank cards
and commercial credit cards.
E-Commerce Online shopping, ordering,
and payment authorization and settlement
services for retailers.
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 and asset
management sweep accounts.
Domestic and international
corporations, financial institutions,
and government entities
Clients are supported through a global
network of offices in 37 countries providing
worldwide access to a comprehensive array of
products and services. We deliver specialized
industry expertise to the following sectors:
aerospace and defense, apparel, automotive
and transportation, business services, con-
struction and engineering, consumer products
and services, entertainment and media,
financial services (finance companies, financial
institutions, insurance and money managers,
leasing and rental companies, and securities
and commodities), food, healthcare, natural
resources (chemicals, energy, forest products,
utilities), real estate, retail, sports, technology,
and telecommunications.
Equity and Advisory Equity underwriting,
mergers and acquisition advisory and financing,
equity derivatives, institutional sales, trading
and market-making, research, prime brokerage,
clearing and private client services.
Global Debt Products Corporate lending and
syndicated finance, credit advisory and liability
management, structured credit products, com-
mercial paper, asset securitization, project
finance, leasing and private placements.
Global Fixed Income Underwriting, sales,
trading and research of high yield, investment
grade, crossover and emerging market
debt securities; capital markets services;
structured credit products and mortgage-
backed securities.
Global Markets Global foreign exchange,
global derivative products, municipal and gov-
ernment securities, emerging markets sovereign
trading, global markets/financial research.
Global Treasury and Trade Services U.S. and
international treasury management and trade
services capabilities. Full range of traditional
and electronic (including Internet-based)
payments, receipts and treasury solutions.
Largest U.S. interstate depository network;
global presence in more than 35 countries.
Real Estate Originating, structuring, and
underwriting services for developers, investors,
funds, operating companies, homebuilders,
REITs, mortgage banking companies, lodging
companies and real estate companies.
Principal Investing Direct and indirect private
equity investments in a broad array of industries.
Institutional Investment Management
Investment advisory and management services
for institutional clients.
Middle market businesses
Commercial Banking delivers a full
spectrum of financial capabilities and
expertise to mid-sized public and private
businesses, municipalities and non-profit
organizations with annual revenues between
$10 million and $500 million. More than
3,000 associates are dedicated to serving this
client segment across 21 states and the
District of Columbia. Service is also
available through alternate channels such
as the telephone via our commercial service
center and the Internet by accessing
Bank of America Direct.
Debt Capabilities Senior bank financing
through revolving lines of credit, term loans,
asset-based financing and factoring for:
working capital; equipment; real estate;
mergers and acquisitions; and any other
capital requirements.
Treasury Management and Investment
Solutions Account reconciliation, electronic
transfers using the automated clearinghouse
system, electronic payroll products,
controlled disbursement, demand deposit
accounts, electronic tax payments, lockbox,
commercial card services, wire transfers and
investment solutions, such as automated
overnight investments (sweep) and direct
investments.
Investment Banking/Capital Markets
Includes the full range of Equity and
Advisory, Global Debt Products and
Global Fixed Income listed under products
for domestic and international corporations
in the next column.
International Import and export letters
of credit, international documentary
collections, foreign exchange, banker’s
acceptances, and government assistance
programs, such as pre-export working
capital and other forms of export finance.
Leasing Syndicated lease financing, lease
advisory services, tax-exempt leases for
municipalities and non-profit corporations,
and the full range of tax and non-tax lease
structures.
Commercial Finance Secured leveraged
lending and structured finance products for
clients whose needs cannot be met through
traditional bank products.
Personal Finance Solutions Investment
management, personal trust services, tax
and estate planning, advisory services,
customized lending and banking for
business owners and executives.