Question: As the investments officer for Bank of America, you have been informed by a member of that bank's board of directors that the investment policies you have followed over the past year have been substandard relative to your competitors, including Citigroup, Wells Fargo, and J.P. Morgan Chase. You protest and observe that all financial institutions have faced a tough market and, in your opinion, your bank has done exceptionally well. Challenged, your CEO asks you to prepare a brief memo with comparative investment facts, defending your bank's relative investment performance against the other BHCs mentioned. Use the FDIC's Statistics on Depository Institutions at www3.fdic.gov/sdi to develop a reply. What conclusion did you reach after examining your bank's relative investment performance over the last complete calendar year?