Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: February 9, 2005

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

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Last update: February 9, 2005