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BAC Facts
BankAmerica Corporation provides diverse financial products and services to individuals, businesses, government agencies, and financial institutions throughout the world. Here are some facts about BankAmerica's financial strength, its businesses, and its market presence.
3rd Quarter 1997 results (branch, ATM, and employee totals as of Sept. 30, 1997)
Earnings per common share $1.11
Net income $819 million
Rate of return on average common equity 16.82%
Average loans $165.9 billion
Average total assets $257.4 billion
Average deposits $170.3 billion
Domestic branches 1,931
ATMs 7,500
Employees 89,500
- As of September 30, 1997, BankAmerica Corporation is the fourth largest bank holding company in the U.S. based on total assets.
Bank of America NT&SA, the corporation's principal banking subsidiary, ranked third among U.S. banks
in total assets as of June 30, 1997.
- BankAmerica's banking subsidiaries operate full-service branches in California, Washington,
Texas, Arizona, Illinois, Oregon, Nevada, New Mexico, Idaho, and Alaska, as well as corporate
banking offices in major U.S. cities, and branches, corporate offices, and representative offices in 37 other countries and territories.
- Bank of America's Global Retail Bank is a leader in providing financial services to consumers and
small and mid-size businesses. Using diverse delivery channels, it reaches more than 11 million households and more
than 1 million small and mid-size businesses. Consumer and commercial financial services are provided throughout the U.S. and Asia.
The Global Retail Bank's major presence is in the western U.S.
- The Global Wholesale Bank is a leading provider of tailored financial services to institutions across
the United States and around the world. With one of the most extensive global banking networks, corporate clients
turn to Bank of America for the full spectrum of financial service capabilities from capital rasing and capital markets,
cash management and trade finance, to investment banking and financial advisory services.
- BankAmerica has 1,931 branches as of September 30, 1997. They are located as follows: 989 in California,
267 in Washington, 165 in Texas, 147 in Arizona, 92 in Oregon, 85 in Nevada, 75 in Illinois,
40 in New Mexico, 39 in Hawaii, 21 in Idaho, and 11 in Alaska. (Note: the branches in Hawaii were divested effective December 6, and the branches in Illinois are pending divestiture.)
- Bank of America's network of nearly 7,500 ATMs is the largest proprietary ATM
network in the U.S. Of those, nearly 4,200 are in California. The bank handles nearly
3 million transactions each day; more than 1 million in California. Through shared ATM
networks, its VERSATELLER cardholders can access local currency at more than 370,000 ATMs
worldwide.
- Bank of America has more than 8 million personal checking accounts.
- Bank of America has more than 9 million credit card accounts.
- Bank of America processes 20 million checks in a typical day -- more than any
other single processor in the U.S. and exceeded only by the entire Federal Reserve
System.
- The $60 billion that Bank of America traders move on average daily is more than
that traded per day on either the New York or Tokyo stock exchanges.
- Bank of America has relationships with more than 85 percent of the Fortune 500
corporations, including virtually all of the 100 largest U.S. corporations.

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