Though mired along with the rest of the financial sector in the blow-off from the housing market collapse, the mortgage-backed securities tsunami, and what looks to be a global economic cooling, Bank of America has avoided the big losses experienced by some other institutions. Global risk officer Amy Woods Brinkley has played a key part in maintaining the bank's relatively positive balance sheet performance, measuring the risks and rewards in a turbulent market.

Certainly BofA's net income has been drained by increases in loan loss reserves and charge-offs related to the sagging housing and real estate markets, falling 40.8 percent to $3.41 billion in the second quarter from a record $5.76 billion in second-quarter 2007.

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