Bank of America Announces Acceptance of California State-Issued Registered Warrants,...

Bank of America Announces Acceptance of California State-Issued Registered
Warrants, and Will Pay Interest, for Customers and Clients

SAN FRANCISCO, Sept. 2 /PRNewswire/ -- Bank of America today issued the
following statement regarding its decision to accept California state-issued
registered warrants:

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

"Bank of America is pleased the State of California will begin redeeming
registered warrants earlier than anticipated. As a service to eligible
customers and the state, beginning September 9, Bank of America will accept
registered warrants for deposit, and will credit the interest owed by the
state on these items to customers' accounts within approximately 30 days. Bank
of America will offer this option through October 9, and will also advise
customers how they can redeem the items directly with the State Treasurer's
Office."

Bank of America
Bank of America is one of the world's largest financial institutions, serving
individual consumers, small- and middle-market businesses and large
corporations with a full range of banking, investing, asset management and
other financial and risk management products and services. The company
provides unmatched convenience in the United States, serving approximately 53
million consumer and small business relationships with more than 6,100 retail
banking offices, more than 18,500 ATMs and award-winning online banking with
29 million active users. Bank of America is among the world's leading wealth
management companies and is a global leader in corporate and investment
banking and trading across a broad range of asset classes serving
corporations, governments, institutions and individuals around the world. Bank
of America offers industry-leading support to more than 4 million small
business owners through a suite of innovative, easy-to-use online products and
services. The company serves clients in more than 150 countries. Bank of
America Corporation stock (NYSE: BAC) is a component of the Dow Jones
Industrial Average and is listed on the New York Stock Exchange.

www.bankofamerica.com

SOURCE Bank of America

Colleen Haggerty, Bank of America, +1-213-621-7414,
colleen.haggerty@bankofamerica.com