Bank of America | Annual Report (2006) | Financial Review | Consolidated Financial Statements and Notes | Note 22

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Since the Corporation's operations are highly integrated, certain asset, liability, income and expense amounts must be allocated to arrive at Total Assets, Total Revenue, Income Before Income Taxes and Net Income by geographic area. The Corporation identifies its geographic performance based upon the business unit structure used to manage the capital or expense deployed in the region as applicable. This requires certain judgments related to the allocation of revenue so that revenue can be appropriately matched with the related expense or capital deployed in the region.


		At December 31	Year Ended December 31
(Dollars in millions)	Year	Total Assets⁽¹⁾	Total Revenue⁽²⁾	Income Before Income Taxes	Net Income
Domestic ⁽³⁾	2006	$ 1,300,711	$ 64,189	$ 28,041	$ 18,605
	2005	1,183,953	51,860	21,880	14,778
	2004		45,767	19,369	12,943
Asia	2006	32,886	1,117	637	420
	2005	32,272	909	521	344
	2004		718	286	204
Europe, Middle East and Africa	2006	113,129	5,470	1,843	1,193
	2005	57,226	1,783	920	603
	2004		1,420	605	395
Latin America and the Caribbean	2006	13,011	2,247	1,452	915
	2005	18,352	1,539	1,159	740
	2004		1,060	648	405
Total Foreign	2006	159,026	8,834	3,932	2,528
	2005	107,850	4,231	2,600	1,687
	2004		3,198	1,539	1,004
Total Consolidated	2006	$ 1,459,737	$ 73,023	$ 31,973	$ 21,133
	2005	1,291,803	56,091	24,480	16,465
	2004		48,965	20,908	13,947

Footnote ⁽¹⁾ Total Assets includes long-lived assets, which are primarily located in the U.S.

Footnote ⁽²⁾ There were no material intercompany revenues between geographic regions for any of the periods presented.

Footnote ⁽³⁾ Includes the Corporation's Canadian operations, which had Total Assets of $7.9 billion and $4.3 billion at December 31, 2006 and 2005; Total Revenue of $641 million, $115 million and $90 million; Income Before Income Taxes of $244 million, $67 million and $49 million; and Net Income of $159 million, $56 million and $41 million for the years ended December 31, 2006, 2005 and 2004, respectively.

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