Bank of America Corporation

CHARLOTTE, North Carolina - - Approximately US$2.6 Billion in Writedowns From Improvement in Company Credit Spreads - Terminating Government Guarantee Term Sheet Costs US$402 Million - Merrill Lynch Platform Continues to Boost Results - Extends US$183.7 Billion in Credit in the Third Quarter - Tier 1 Capital Ratio Rises to 12.46 Percent; Tier 1 Common Ratio Rises to 7.25 Percent - Adds US$2.1 Billion to Reserve for Credit Losses Bank of America Corporation (NYSE: BAC) today reported a third-quarter 2009 net loss of US$1.0 billion.