Leveraged Balance Sheet: Merrill Lynch's significant exposure to high-risk assets, such as mortgage-backed securities, could significantly increase Bank of America's risk profile. The board should carefully assess the potential impact on the firm's capital adequacy ratio and address any concerns related to solvency.As of December 31, 2007, there were approximately 210,000 fulltime equivalent employees within Bank of America and our subsidiaries. Of these employees, 116,000 were employed within Global Consumer and Small Business Banking, 21,000 were employed within Global Corporate and Investment Banking and 14,000 were employed within Global Wealth and Investment Management