These are unique BMW codes that mean Fuel Control, Bank 1, Sensor 1 and Bank
2, Sensor 1, respectively.Since the engine is an Inline 6, I'm not sure what Bank 2, Sensor 1 means. I would expect Bank 1, Sensor 1 and Bank 1, Sensor 2, which I would understand to be the bank containing Cylinder 1, the sensor on the first three cylinders and the sensor on the second three cylinders. I suppose Bank 1 could be the first three cylinders and Bank 2 the remaining three, that's what I would have expected on a V6.
My first instinct is to find and clean the MAF sensor, because this can cause the fuel injector timing to be out of whack, which would then be detected downstream as a problem with the fuel control. The worst-case scenario is that the O2 Sensors are on the fritz. I'm not sure what direction the fuel control is out, rich or lean, and don't know how to tell.
The car is an '00 323, with 167K miles.