Is bank of america a financial institution

"Bank of America" and "BofA Securities" are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.

Investment products offered by Investment Banking Affiliates:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

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© Bank of America Corporation. All rights reserved.

BANK OF AMERICA CORPORATION

Legal Name: BANK OF AMERICA CORPORATION

RSSD ID: 1073757       

100 NORTH TRYON STREET , CHARLOTTE, NC, UNITED STATES 28255

  • Web Site: WWW.BANKOFAMERICA.COM
  • Institution Type: Financial Holding Company - Domestic
  • Primary Federal Regulator: FRS Primary Federal Regulator To open and close press enter

    Primary Federal Regulators

    FCA

    Farm Credit Administration

    FDIC

    Federal Deposit Insurance Corporation

    FHFA

    Federal Housing Finance Agency

    FRS

    Federal Reserve System

    NCUA

    National Credit Union Administration

    OCC

    Office of the Comptroller of the Currency

    OTS

    Office of Thrift Supervision

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  • Primary Activity: OFFICES OF BANK HOLDING COMPANIES
  • Primary Activity Code: 551111 Primary Activity Code To open and close press enter

    Primary Activity Code

    A five or six-digit North American Industry Classification System (NAICS) Code value that best describes the primary activity conducted by an entity. A full description of all NAICS codes may be found on the U.S. Census Bureau's website.

    If the entity is inactive, this item should contain 0 (zero) or 'N/A' except in the cases of Edge and agreement corporations.

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  • Status: Active
  • Insurance: NOT INSURED OR NOT AVAIL.
  • FDIC Certificate #: N/A
  • RTN/ABA: N/A
  • LEI: 9DJT3UXIJIZJI4WXO774
  • Head office:

  • Financial Data
  • Organization Hierarchy
  • History
  • Branches

Organization Hierarchy

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Row IDRSSD IDParent RSSD ID [Parent Row ID]Institution NameInstitution TypeCityState/Country

* For purposes of Regulation Y, the top-tier reporter's ownership level in this banking organization does not meet the definition of "control"; however, the ownership level does meet the FR Y-10 reportability criteria as this banking relationship is regulated by the Federal Reserve.

History

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DateType of EventInstitution InvolvedRSSD IDNotes


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Bank of America is currently the second largest banking institution in the U.S., serving more than 10% of all American bank deposits. The financial services holding company and investment bank’s other areas of focus are commercial banking and wealth management. Over the years, BofA has pledged to help combat climate change and recently announced it would mobilize $1 trillion by 2030 for environmental and sustainability causes, in hopes of further accelerating the transition to a low-carbon economy.

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Latest news for Bank of America

What type of financial institution is Bank of America?

Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

Is Bank of America a US based financial institution?

The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina.

What is a financial institution in the US?

The term U.S. financialinstitution means any U.S. entity that is engaged in the business of accepting deposits, making, granting, transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities, commodity futures or options, or procuring purchasers and sellers thereof, as ...

What are the 3 financial institutions in the US?

There are three major types of depository institutions in the United States. They are commercial banks, thrifts (which include savings and loan associations and savings banks) and credit unions.

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