Bank of America Corp., pressured by the Treasury Department to justify executive perks, said it does not need to impose new constraints on employee use of company aircraft.

B of A encourages the use of its corporate aircraft for business travel for "safety and efficiency reasons" and does not plan a new preapproval or reporting process for such transport, the company said on its Web site Friday. "Use outside of reasonable business development or associate safety would be considered excessive and not allowed," the company said.

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