<div><p>CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's <BAC.N> new chief executive, Brian Moynihan, will receive a base salary of $950,000 this year, according to a source familiar with his employment agreement.</p><p>That is 36 percent less than predecessor Ken Lewis's base pay in 2008 -- the last year he received a salary from the bank -- but is in line with the pay of chief executives at the other large U.S. banks that year.</p><p>Base salary is generally a small portion of a bank CEO's total compensation. Stock options, cash bonuses or other awards usually make up the bulk of their pay.</p><p>In 2009, a public furor over bank executives' pay and bonuses -- along with new government oversight -- led some banks to curb compensation for senior executives.</p><p>A Bank of America spokesman said the bank had no comment on Moynihan's pay.</p><p>Moynihan will earn more in base pay than Wells Fargo & Co <WFC.N> Chief Executive John Stumpf earned in 2008 at the height of the financial crisis. Stumpf received $878,920, the lowest base salary among the four largest U.S. banks.</p><p>JPMorgan Chase & Co <JPM.N> Chief Executive Jamie Dimon received $1 million in base pay that year, while Citigroup Inc <C.N> CEO Vikram Pandit received $958,000.</p><p>Lewis received a base salary of $1.5 million in 2008. He forfeited any pay and bonus in 2009 and retired from the bank on December 31.</p><p>(Reporting by Joe Rauch; editing by John Wallace)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=67986175&bid=informcom" /></div><div id="copyright"><div>

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