For immediate release

The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Bank of America Corporation, Charlotte, N.C., a bank holding company, and the Federal Reserve Bank of Richmond. In separate, coordinated actions, the Office of the Comptroller of the Currency announced the execution of a formal agreement with Bank of America, N.A., Charlotte, N.C., a wholly owned subsidiary of Bank of America Corporation, and the U.S. Securities and Exchange Commission announced the execution of an administrative cease-and-desist order against Banc of America Capital Management LLC, a registered investment adviser, BACAP Distributors, LLC, a registered investment adviser, and Banc of America Securities, LLC, a registered investment adviser and broker dealer. A copy of the Written Agreement is attached. Attachment (124 KB PDF)

2005 Enforcement actions