This paper is divided into four parts. In the first we study the existence of vector- valued Banach limits and show that a real Banach space with a monotone Schauder basis admits vector- valued Banach limits if and only if it is -complemented in its bidual. In the second we prove two vector- valued versions of Lorentz' intrinsic characterization of almost convergence. In the third we show that the unit sphere in the space of all continuous linear operators from to which are invariant under the shift operator on cannot be obtained via compositions of surjective linear isometries with vector- valued Banach limits. In the final part we show that if enjoys the Krein–Milman property, then the set of vector- valued Banach limits is a face of the unit ball in the space of all continuous linear operators from to which are invariant under the shift operator on .