Bank of America

Bank of America Partners with Nonprofit Finance Fund to Advance Health of Nonprofit Sector

April 26, 2012

Each year, the Nonprofit Finance Fund (NFF) surveys nonprofit organizations from around the United States to get a pulse on trends, challenges, and opportunities in the sector. The Bank of America Charitable Foundation is proud to have partnered with NFF on this survey for the second year.

With over 4,500 nonprofits responding, this study provides insight on everything from financial forecasts to board dynamics and service demand. This year, not surprisingly, the survey suggests nonprofits will, again, have to do more with less. In fact, 88% of those nonprofits surveyed expect an increase in demand for services in 2012 while 87% said their financial outlook won’t get any better this year.

We look to these studies to help inform how we can enhance our continued support of nonprofits that provide critical services in the communities we serve. We know it’s more than writing a check and are proud to continue our investments in supporting and developing strong nonprofit leaders through our Neighborhood Builders program where we provide nonprofits with a grant of $200,000 paired with leadership training for the executive director and a next–in–line leader.

Through support of the NFF study and the Neighborhood Builders program, we are aiming to equip the nonprofit sector with tools and resources they might not otherwise be able to afford. We see this as an investment not only in the nonprofit sector, but in the communities themselves.

Agricultural Bank of China

Company Overview

The predecessor of Agricultural Bank of China is Agricultural Cooperative Bank established in 1951. Since late 1970s, the Bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently a state-controlled commercial bank. On 15 January 2009, the Bank was restructured into a joint stock limited liability company. On 15 and 16 July 2010, the Bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange respectively, which marked the completion of our historical transformation into a public shareholding commercial bank.
Capitalizing on the comprehensive business portfolio, extensive distribution network and advanced IT platform, the Bank provides various corporate and retail banking products and services for a broad range of customers and carry out treasury operations for our own accounts or on behalf of customers. As at 31 December 2010, the Bank had total assets of RMB10,337,406 million, deposits of RMB8,887,905 million and loans of RMB4,956,741 million. Our capital adequacy ratio and non-performing loan ratio were 11.59% and 2.03%, respectively. The Bank achieved a net profi t of RMB94,907 million.
In 2010, the Bank ranked No. 141 in the global Fortune 500 companies, and ranked No. 14 in The Banker's "Top 1000 World Banks" list in terms of profi t before tax for the year of 2009. In 2010, the Bank was rated A1/Stable by the Moody's.

Citigroup

Proudly serving more than 100 million clients in 40 countries, Citi's Global Consumer Banking (GCB) business is among the largest retail banks in the world. Primarily known as Citibank and strategically centered in the world's top cities, GCB uses its deep footprint to deliver a consistent and enhanced client-centric banking experience. GCB accounted for nearly 40 percent of total deposits and 50 percent of total revenues within Citicorp in 2011.

GCB consists of five primary business units — Retail Banking, Citi Branded Cards, CitiMortgage, Citi Commercial Bank and Retail Services — that operate in our four key global regions: North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Operations outside the U.S. account for approximately half our total loans, deposits, revenues and net income.

Our GCB businesses are strong in some of the world's most important growth markets, from China, Malaysia, Korea and India in Asia Pacific, to Poland and Russia in Europe, to Mexico, Brazil, Colombia, Argentina and Panama in Latin America. In Mexico, Citi's Banamex franchise serves more than 20 million people and is the country's largest financial institution as measured by assets and customer-managed resources.

Primarily known as Citibank and centered in the world's top cities, Citi's Retail Banking network consists of more than 4,600 branches across the globe and holds deposits exceeding $300 billion. Citibank offers Checking and Savings accounts, Small Business and Wealth Management among our services. In 2011, we opened state-of-the-art digitized Citi Smart Banking branches in Washington, D.C., New York, Tokyo and Busan (South Korea) and continued renovating our entire branch network. We also opened innovative sales and service centers in Moscow and St. Petersburg and Citi Express modules — 24-hour service units — in Colombia. Branch openings in three new cities in China expanded our presence in the country to 13 cities.

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial products and services. We strive to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible.

Bank of China

                      History of Bank of China

Bank of China, the oldest bank in China, was founded in February 1912. Between 1912 to 1949, the function of Bank of China changed for three times: central bank of the government from 1912 to 1928, government authorized international exchange bank in 1928 and specialized international trade bank in 1942.

Bank of China was taken over by newly-founded government of People's Republic of China in 1949 and in December of the same year, the Bank of China General Management Department was moved from Shanghai to Beijing. In 1950, Bank of China General Management Department was under the leadership of the People's Bank of China head office. On October 27, 1953, Bank of China was authorized as a specialized foreign exchange bank under the Articles of Association of Bank of China issued by the Government Administration Council of the Central People's Government.

On March 13, 1979, Bank of China was separated from the People's Bank of China with approval of the State Council and exercised the functions of the State Administration of Foreign Exchange under direct leadership of the State Council. As Bank of China General Management Department was reformed into Bank of China head office, its responsibilities were focused on unified operation and centralized management of national foreign exchange business. In September 1983, since People's Bank of China was authorized as central bank by the State Council and Bank of China was separated from the State Administration of Foreign Exchange, functions of these institutions were separated but Bank of China still held the responsibility of operating the national foreign exchange business. Bank of China by then became specialized foreign exchange and trade bank under the supervision of the People's Bank of China.

Bank of China has made considerable achievements in all business activities since the reform and opening up and ranked among the world's largest banks. In early 1994, it was transformed from a specialized foreign exchange and trade bank to a state-owned commercial bank in accordance with the reform of the national financial system.

In 2003, Bank of China was selected by the State as one of the two pilot banks for the joint stock restructuring of state-owned commercial banks.



On July 14, 2004, Bank of China Limited became the sole partner bank of the Beijing 2008 Olympic Games.

On August 26, 2004, with equity controlled investment of Central Hui Jin Investment Ltd., Bank of China was approved to incorporate as Bank of China Limited by the State Council and the China Banking Regulatory Commission. On this basis, strategic investors were introduced to further strengthen internal management, deepen the internal reform and improve the operational mechanism.



On June 1, and July 5, 2006, Bank of China Limited was listed on the Hong Kong Exchange and Clearing Limited and Shanghai Stock Exchange.

JP Morgan Chase

History of Our Firm

JPMorgan Chase & Co. is one of the oldest, largest and best-known financial institutions in the world. The firm's legacy dates back to 1799 when its earliest predecessor was chartered in New York City.

Our firm is built on the foundation of more than 1200 predecessor institutions. Its major heritage firms — J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover (in New York City) and Bank One, First Chicago, and National Bank of Detroit (in the Midwest) were each closely tied, in their time, to innovations in finance and the growth of the United States and global economies. As JPMorgan Chase & Co does today, these firms also made significant contributions to their local communities.

Key mergers that shaped who JPMorgan Chase is today:

In 1991, Manufacturers Hanover Corp. merged with Chemical Banking Corp., under the name of Chemical Banking Corp., then the second-largest banking institution in the United States.
In 1995, First Chicago Corp. merged with NBD Bancorp., forming First Chicago NBD, the largest banking institution based in the Midwest.
In 1996, The Chase Manhattan Corp. merged with Chemical Banking Corp., under the name of The Chase Manhattan Corp., creating what was then the largest bank holding company in the United States.
In 1998, Banc One Corp. merged with First Chicago NBD, under the name of Bank One Corp. After a subsequent merger, Bank One became the largest financial services firm in the Midwest, the fourth-largest bank in the U. S. and the world's largest Visa credit card issuer.
In 2000, J.P. Morgan & Co. Incorporated merged with The Chase Manhattan Corp., effectively combining four of the largest and oldest money center banking institutions in New York City (J.P. Morgan, Chase, Chemical and Manufacturers Hanover) into one firm under the name of J.P. Morgan Chase & Co.
In 2004, Bank One Corp. merged with J.P. Morgan Chase & Co. The New York Times said the merger "would realign the competitive landscape for banks" by uniting the investment and commercial banking skills of J.P. Morgan Chase with the consumer banking strengths of Bank One.
In 2008, JPMorgan Chase & Co. acquired The Bear Stearns Companies Inc., strengthening its capabilities across a broad range of businesses, including prime brokerage, cash clearing and energy trading globally.
Also in 2008, JPMorgan Chase & Co. acquired the deposits, assets and certain liabilities of Washington Mutual's banking operations. This acquisition expanded Chase's consumer branch network into California, Florida and Washington State and created the nation's second-largest branch network — with locations reaching 42% of the U.S. population.
In 2010, J.P. Morgan acquired full ownership of its U.K. joint venture, J.P. Morgan Cazenove, one of Britain's premier investment banks.

HSBC

Who we are and what we do

HSBC is one of the world's largest banking and financial services organisations. With around 7,200 offices in both established and faster-growing markets, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper and, ultimately, helping people to fulfil their hopes and realise their ambitions.

Establishment and early years

HSBC is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China.

The inspiration behind the founding of the bank was Thomas Sutherland, a Scot who was then working for the Peninsular and Oriental Steam Navigation Company. He realised that there was considerable demand for local banking facilities in Hong Kong and on the China coast and he helped to establish the bank which opened in Hong Kong in March 1865 and in Shanghai a month later.

Soon after its formation the bank began opening branches to expand the services it could offer customers. Although that network reached as far as Europe and North America, the emphasis was on building up representation in China and the rest of the Asia-Pacific region. HSBC was a pioneer of modern banking practices in a number of countries - for instance, in 1888 it was the first bank to be established in Thailand, where it printed the country’s first banknotes.

From the outset trade finance was a strong feature of the local and international business of the bank, an expertise that has been recognised throughout its history. Bullion, exchange, merchant banking and note issuing also played an important part. In 1874 the bank handled China's first public loan and thereafter issued most of China's public loans.

By the end of the century, after a strong period of growth and success under the leadership of Thomas Jackson (chief manager for most of that period from 1876 to 1902), the bank was the foremost financial institution in Asia.








Challenges and change

The twentieth century saw challenges and change for HSBC. In the early years of the twentieth century, HSBC widened the scope of its activities in the East. It became increasingly involved in the issuing of loans to national governments, especially in China, to finance modernisation and internal infrastructure projects such as railway building. The First World War brought disruption and dislocation to many businesses but the 1920s saw a return to prosperity in the East as new industries were developed and trade in commodities such as rubber and tin soared. The bank's new head office in Hong Kong (1935) and the new buildings at major branches such as Bangkok (1921), Manila (1922) and Shanghai (1923) reflected this confidence.

The 1930s ushered in an era of uncertainty with economic recession and political turmoil in the many of the bank's markets. In the Second World War, the majority of the bank's staff in the East became prisoners of war as the enemy advanced through Asia. The bank survived under the new leadership of Arthur Morse, and through its prudent policy of building up large reserves in peace time. At the end of the War, HSBC took on a key role in the reconstruction of the Hong Kong economy. Its support for the skills of newcomers to Hong Kong was especially vital to the upsurge in manufacturing in this period.

In other markets, however, HSBC needed to make major readjustments. Most of the mainland offices in China were closed between 1949 and 1955, leaving only the Shanghai office to continue its long and eventful service. These changes carried the risk that the bank was over-concentrating its interests in Hong Kong. The bank addressed this concern by diversifying through a series of alliances and acquisitions. The purchases of the Mercantile Bank and the British Bank of the Middle East in 1959 took HSBC into new pastures, and the formation of a merchant banking arm in 1972 extended its range of services. By the 1970s the bank had firmly developed a policy of expansion by acquisition or formation of subsidiaries with their own identities and expertise.





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Making of the modern HSBC

In the later years of the twentieth century HSBC moved from an important regional bank to one of the world's leading financial services organisations. This transition was achieved by a number of steps.

By the late 1970s HSBC's management had conceived the strategy of the 'three legged stool' with the legs of the stool representing the three markets of the Asia Pacific region, the US and the UK. In the 1980s, the purchase of Marine Midland Bank in the US represented the acquisition of the second leg of the stool. HSBC then sought a similar purchase in the UK. The initial target was the Royal Bank of Scotland but after this acquisition failed, attention turned to Midland Bank and a 14.9% stake was taken in 1987. After creating a new holding company, HSBC Holdings plc in 1991, HSBC then made a recommended offer for full ownership of Midland in July 1992. The third leg was in place. As a result of the formation of the new holding company and the acquisition of Midland Bank, HSBC became headquartered in London.

HSBC continued to grow through strategic acquisitions in both the developed and emerging markets: purchases in Argentina and Brazil in 1997 were balanced by the addition of the Republic New York Corporation in 1999. In November 1998 HSBC announced the adoption of a unified brand, using HSBC and the hexagon symbol everywhere it operated, with the aim of enhancing recognition of HSBC by customers, shareholders and staff throughout the world.

In the twenty-first century, HSBC has renewed its focus on its birthplace, growing its business in China both organically and through a series of strategic partnerships. HSBC's diversification and its core values of financial strength and stability have stood it in good stead in the recent global turbulence in economies and markets, and it remains well placed to deal with an uncertain world.

China Construction Bank

We are a leading commercial bank in China providing a comprehensive range of commercial banking products and services. Our business consists of three principal business segments: corporate banking, personal banking, and treasury operations. We are among the market leaders in China in a number of products and services，including infrastructure loans，residential mortgage and bank cards.


We have an extensive customer base, with established banking relationships with many of the largest business groups and leading companies in industries which are strategically important to China's economy. At the end of 2011, the Bank had a network of 13,581 branches and sub-branches in Mainland China, maintained overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Ho Chi Minh City and Sydney, and representative offices in Taipei and Moscow, and owned multiple subsidiaries, such as CCB Asia, CCB Financial Leasing, CCB International, CCB Trust, Sino-German Bausparkasse, CCB London, CCB Principal Asset Management, and CCB Life. The Group provides comprehensive financial services to its customers

[Information Services]

l Access a full range of services and all promotions provided by CCB.

l Inquire about account information such as interest rate for deposit and loan in foreign currencies, exchange rate, fund, etc.

l Select CCB outlets and ATMs.

l Wealth Management Calculator.



[Service Supervision]

Complaints: You may voice your complaints through this number whenever you are unsatisfactory with our products or services at our outlets, over the Internet, via telephones or mobile phones.

Suggestions: Your suggestions on our financial products and services are greatly appreciated.



[Transaction Processing]

You may get the following services by calling us:

Account access: Account balances, statements, and other account information.

Account transfer: Transfer between the client’s different savings accounts, transfer from the client’s own account to another person’s account within the cap, and remittance between different places.

Third-party payment: Telephone bills (including China Telecom, China Netcom, China Mobile, China Unicom, China Tietong), water and electricity bills, gas fees, fines for breaking traffic rules and other fees that can be collected by local outlets.

l Stock business: Through transfer between banking and securities accounts, you may check the balance of securities account and transfer funds between your banking and securities accounts in real time.

l Bank Custody of Securities Fund: Access balance of account and fund transfer service between CCB custodial account and Securities account.

l Wealth Management Card Service: Access information about account balance, statements inquiry, transfer within card accounts, payments, remittance, loss report, short message application and etc.

l Foreign Exchange Trading: You may place entry order and market order any time by picking up your phone for 24 hours a day.

l Purchase by Phone: Purchase on orders of special merchants via your phone in a real-time base.



Payment of Lottery Funds: The lottery stations may use this service to pay the lottery funds to local lottery management centers. This saves your efforts and time.



[Outbound Operation]

Outbound marketing: We will contact you to introduce our new products and services and inform you of repayment once your debt is due.

Considerate services: We will collect your feedback of your experience with products, or have questionnaires and market survey. We will also remind you of loan repayment in a personalized way.



[24-hour Service Window]

We provide 24-hour and 7-day service for you.

Loss report: If your card, bankbook, statement, or registered bond is lost, you may report the loss in the first instance with your telephone to secure your funds. (Special note: verbal report is temporary and you have to go to the outlet to report the loss.)

Appointment: If you plan to withdraw large amount of cash, you may make an appointment through 95533.

l Application on behalf of clients: Our 9553 customer service representatives may apply for products and services of our bank or our authorizers, such as funds and insurance products.



[Value-added Services]

Value-added Services: Through cooperation with the third party, we provide tailored services for you such as Medicare service, VIP service at the airport, hotel and ticket booking service.



Reminder: For specific services provided by CCB branches, please call the local CCB hotline at 95533 to make inquiry