| Bank of America Corporation and Subsidiaries | ||||||||||||||||||||
| Capital Management | ||||||||||||||||||||
| (Dollars in millions) | ||||||||||||||||||||
| Basel 3 Transition | Basel 1 | |||||||||||||||||||
| March 31 2014 | December 31 2013 | September 30 2013 | June 30 2013 | March 31 2013 | ||||||||||||||||
Risk-based capital metrics (1, 2): | ||||||||||||||||||||
Common equity tier 1 capital (3) | $ | 150,922 | n/a | n/a | n/a | n/a | ||||||||||||||
| Tier 1 common capital | n/a | $ | 141,522 | $ | 139,410 | $ | 136,546 | $ | 133,298 | |||||||||||
| Tier 1 capital | 152,936 | 157,742 | 155,593 | 153,716 | 155,856 | |||||||||||||||
| Total capital | 190,124 | 196,567 | 194,585 | 193,779 | 198,391 | |||||||||||||||
Risk-weighted assets (3) | 1,282,117 | 1,297,593 | 1,289,501 | 1,288,207 | 1,298,234 | |||||||||||||||
| Common equity tier 1 capital ratio | 11.8 | % | n/a | n/a | n/a | n/a | ||||||||||||||
Tier 1 common capital ratio (4) | n/a | 10.9 | % | 10.8 | % | 10.6 | % | 10.3 | % | |||||||||||
| Tier 1 capital ratio | 11.9 | 12.2 | 12.1 | 11.9 | 12.0 | |||||||||||||||
| Total capital ratio | 14.8 | 15.1 | 15.1 | 15.0 | 15.3 | |||||||||||||||
| Tier 1 leverage ratio | 7.4 | 7.7 | 7.6 | 7.4 | 7.4 | |||||||||||||||
(1) | Regulatory capital ratios are preliminary until filed with the Federal Reserve on Form Y-9C. |
(2) | On January 1, 2014, the Basel 3 rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting common equity tier 1 capital and Tier 1 capital. The Corporation reported under Basel 1 (which included the Market Risk Final Rules) for 2013. |
(3) | On a pro-forma basis, under the transition provisions for the Basel 3 Standardized approach (Basel 3 Standardized transition), fourth quarter 2013 common equity tier 1 capital and risk-weighted assets would have been $152,743 million and $1,315,949 million. |
(4) | Tier 1 common capital ratio equals Tier 1 capital excluding preferred stock, trust preferred securities, hybrid securities and minority interest divided by risk-weighted assets. |
| Bank of America Corporation and Subsidiaries | |||||||||||||||||||
Regulatory Capital Reconciliations (1, 2) | |||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||
| December 31 2013 | September 30 2013 | June 30 2013 | March 31 2013 | ||||||||||||||||
| Regulatory capital – Basel 1 to Basel 3 (fully phased-in) | |||||||||||||||||||
| Basel 1 Tier 1 capital | $ | 157,742 | $ | 155,593 | $ | 153,716 | $ | 155,856 | |||||||||||
| Deduction of qualifying preferred stock and trust preferred securities | (16,220 | ) | (16,183 | ) | (17,170 | ) | (22,558 | ) | |||||||||||
| Basel 1 Tier 1 common capital | 141,522 | 139,410 | 136,546 | 133,298 | |||||||||||||||
| Deduction of defined benefit pension assets | (829 | ) | (935 | ) | (787 | ) | (776 | ) | |||||||||||
| Deferred tax assets and threshold deductions (deferred tax asset temporary differences, MSRs and significant investments) | (5,459 | ) | (5,361 | ) | (7,465 | ) | (5,161 | ) | |||||||||||
| Net unrealized losses in accumulated OCI on AFS debt and certain marketable equity securities, and employee benefit plans | (5,664 | ) | (3,806 | ) | (4,557 | ) | (373 | ) | |||||||||||
| Other deductions, net | (1,624 | ) | (1,514 | ) | (1,568 | ) | (1,658 | ) | |||||||||||
| Basel 3 common equity tier 1 capital (fully phased-in) | $ | 127,946 | $ | 127,794 | $ | 122,169 | $ | 125,330 | |||||||||||
| March 31 2014 | |||||||||||||||||||
| Regulatory capital – Basel 3 transition to fully phased-in | |||||||||||||||||||
| Common equity tier 1 capital (transition) | $ | 150,922 | |||||||||||||||||
| Adjustments and deductions recognized in Tier 1 capital during transition | (11,302 | ) | |||||||||||||||||
| Other adjustments and deductions phased in during transition | (9,474 | ) | |||||||||||||||||
| Common equity tier 1 capital (fully phased-in) | $ | 130,146 | |||||||||||||||||
| March 31 2014 | December 31 2013 | September 30 2013 | June 30 2013 | March 31 2013 | |||||||||||||||
| Risk-weighted assets – As reported to Basel 3 (fully phased-in) | |||||||||||||||||||
| As reported risk weighted assets | $ | 1,282,117 | $ | 1,297,593 | $ | 1,289,501 | $ | 1,288,207 | $ | 1,298,234 | |||||||||
| Change in risk-weighted assets from reported to fully phased-in | 165,332 | 162,731 | |||||||||||||||||
| Basel 3 Standardized approach risk-weighted assets (fully phased-in) | 1,447,449 | 1,460,324 | |||||||||||||||||
| Change in risk-weighted assets for advanced models | (86,234 | ) | (133,027 | ) | 35,476 | 20,841 | 54,094 | ||||||||||||
| Basel 3 Advanced approaches risk-weighted assets (fully phased-in) | $ | 1,361,215 | $ | 1,327,297 | $ | 1,324,977 | $ | 1,309,048 | $ | 1,352,328 | |||||||||
| Regulatory capital ratios | |||||||||||||||||||
| Basel 1 Tier 1 common | n/a | 10.9 | % | 10.8 | % | 10.6 | % | 10.3 | % | ||||||||||
| Basel 3 Standardized approach common equity tier 1 (transition) | 11.8 | % | n/a | n/a | n/a | n/a | |||||||||||||
| Basel 3 Standardized approach common equity tier 1 (fully phased-in) | 9.0 | 8.8 | n/a | n/a | n/a | ||||||||||||||
| Basel 3 Advanced approaches common equity tier 1 (fully phased-in) | 9.6 | 9.6 | 9.7 | 9.3 | 9.3 | ||||||||||||||
(1) | Based on the Basel 3 Advanced approaches, assuming all regulatory model approvals, except for the potential reduction to risk-weighted assets resulting from the removal of the Comprehensive Risk Measure surcharge. |
(2) | On January 1, 2014, the Basel 3 rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting common equity tier 1 capital and Tier 1 capital. The Corporation reported under Basel 1 (which included the Market Risk Final Rules) for 2013. |
