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Bank of America Reports Earnings Testing Value Levels

Bank of America Corporation ( BAC) is the second largest of the four "too big to fail" money center banks with total assets of $1.776 trillion at the end of the second quarter, down from $1.784 trillion at the end of the first quarter. Total assets for the four "too big to fail" banks were $7,166 trillion at end of the second quarter, down from $7.256 trillion at the end of first quarter. There seems to be a correlation between total assets versus the unwinding of the Federal Reserve balance sheet.