BofA, Merrill Got $22.9 Billion From U.S.

BofA, Merrill Got $22.9 Billion From U.S.

Chris Ratcliffe/Bloomberg

Bank of America Corp. and Merrill Lynch & Co. sold $22.9 billion of commercial paper to the Federal Reserve in October 2008, days after the two companies received $25 billion in U.S. bailout funds.