Bank of America (BAC) 8-K Results of Operations and Financial Condition

Supplemental Information

Second Quarter 2014

This information is preliminary and based on company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America does not undertake an obligation to, and disclaims any duty to, update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in Bank of America’s reports filed with the SEC pursuant to the Securities Exchange Act of 1934, which are available at the SEC’s website (www.sec.gov) or at Bank of America’s website (www.bankofamerica.com). Bank of America’s future financial performance is subject to risks and uncertainties as described in its SEC filings.

Bank of America Corporation and Subsidiaries
Table of Contents	Page
Consolidated Financial Highlights	2
Supplemental Financial Data	3
Consolidated Statement of Income	4
Consolidated Statement of Comprehensive Income	5
Consolidated Balance Sheet	6
Capital Management	8
Regulatory Capital Reconciliations	9
Net Interest Income Excluding Trading-related Net Interest Income	10
Quarterly Average Balances and Interest Rates	11
Year-to-Date Average Balances and Interest Rates	13
Debt Securities and Available-for-Sale Marketable Equity Securities	15
Quarterly Results by Business Segment	16
Year-to-Date Results by Business Segment	17
Consumer & Business Banking
Total Segment Results	18
Business Results	19
Key Indicators	22
Consumer Real Estate Services
Total Segment Results	23
Business Results	24
Key Indicators	27
Global Wealth & Investment Management
Total Segment Results	28
Key Indicators	29
Global Banking
Total Segment Results	30
Key Indicators	31
Investment Banking Product Rankings	32
Global Markets
Total Segment Results	33
Key Indicators	34
All Other
Total Results	35
Equity Investments	36
Outstanding Loans and Leases	37
Quarterly Average Loans and Leases by Business Segment	38
Commercial Credit Exposure by Industry	39
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating	40
Top 20 Non-U.S. Countries Exposure	41
Select European Countries	42
Nonperforming Loans, Leases and Foreclosed Properties	43
Nonperforming Loans, Leases and Foreclosed Properties Activity	44
Quarterly Net Charge-offs and Net Charge-off Ratios	45
Year-to-Date Net Charge-offs and Net Charge-off Ratios	46
Allocation of the Allowance for Credit Losses by Product Type	47
Exhibit A: Non-GAAP Reconciliations	48

Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Income statement
Net interest income	$	20,098		$	21,213		$	10,013		$	10,085		$	10,786		$	10,266		$	10,549
Noninterest income	24,215			24,711			11,734			12,481			10,702			11,264			12,178
Total revenue, net of interest expense	44,313			45,924			21,747			22,566			21,488			21,530			22,727
Provision for credit losses	1,420			2,924			411			1,009			336			296			1,211
Noninterest expense	40,779			35,518			18,541			22,238			17,307			16,389			16,018
Income tax expense (benefit)	99			1,987			504			(405		)	406			2,348			1,486
Net income (loss)	2,015			5,495			2,291			(276		)	3,439			2,497			4,012
Preferred stock dividends	494			814			256			238			256			279			441
Net income (loss) applicable to common shareholders	1,521			4,681			2,035			(514		)	3,183			2,218			3,571
Diluted earnings (loss) per common share (1)	0.14			0.42			0.19			(0.05		)	0.29			0.20			0.32
Average diluted common shares issued and outstanding (1)	10,599,641			11,549,693			11,265,123			10,560,518			11,404,438			11,482,226			11,524,510
Dividends paid per common share	$	0.02		$	0.02		$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Performance ratios
Return on average assets	0.19		%	0.50		%	0.42		%	n/m			0.64		%	0.47		%	0.74		%
Return on average common shareholders' equity	1.38			4.32			3.68			n/m			5.74			4.06			6.55
Return on average tangible common shareholders' equity (2)	2.05			6.53			5.47			n/m			8.61			6.15			9.88
Return on average tangible shareholders' equity (2)	2.49			6.84			5.64			n/m			8.53			6.32			9.98
At period end
Book value per share of common stock	$	21.16		$	20.18		$	21.16		$	20.75		$	20.71		$	20.50		$	20.18
Tangible book value per share of common stock (2)	14.24			13.32			14.24			13.81			13.79			13.62			13.32
Market price per share of common stock:
Closing price	$	15.37		$	12.86		$	15.37		$	17.20		$	15.57		$	13.80		$	12.86
High closing price for the period	17.92			13.83			17.34			17.92			15.88			14.95			13.83
Low closing price for the period	14.51			11.03			14.51			16.10			13.69			12.83			11.44
Market capitalization	161,628			138,156			161,628			181,117			164,914			147,429			138,156
Number of banking centers - U.S.	5,023			5,328			5,023			5,095			5,151			5,243			5,328
Number of branded ATMs - U.S.	15,976			16,354			15,976			16,214			16,259			16,201			16,354
Full-time equivalent employees	233,201			257,158			233,201			238,560			242,117			247,943			257,158

⁽¹⁾  The diluted earnings (loss) per common share excludes the effect of any equity instruments that are antidilutive to earnings per share. There were no potential common shares that were dilutive in the first quarter of 2014 because of the net loss.

⁽²⁾  Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate non-GAAP financial measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

n/m = not meaningful

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 2

Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions)
Fully taxable-equivalent (FTE) basis data(1)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income	$	20,512		$	21,646		$	10,226		$	10,286		$	10,999		$	10,479		$	10,771
Total revenue, net of interest expense	44,727			46,357			21,960			22,767			21,701			21,743			22,949
Net interest yield (2)	2.26		%	2.36		%	2.22		%	2.29		%	2.44		%	2.33		%	2.35		%
Efficiency ratio	91.17			76.62			84.43			97.68			79.75			75.38			69.80

⁽¹⁾  FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. Prior period yields have been reclassified to conform to current period presentation.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 3

Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(Dollars in millions, except per share information; shares in thousands)
	Six Months Ended June 30					Second Quarter 2014		First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013		Second Quarter 2013
	2014		2013
Interest income
Loans and leases	$	17,395	$	18,238		$	8,635	$	8,760		$	9,086		$	9,146	$	9,060
Debt securities	4,121		5,097			2,124		1,997			2,447			2,205		2,548
Federal funds sold and securities borrowed or purchased under agreements to resell	562		634			297		265			304			291		319
Trading account assets	2,352		2,518			1,175		1,177			1,139			1,049		1,181
Other interest income	1,446		1,439			710		736			736			691		717
Total interest income	25,876		27,926			12,941		12,935			13,712			13,382		13,825
Interest expense
Deposits	573		748			282		291			314			334		366
Short-term borrowings	1,372		1,558			763		609			682			683		809
Trading account liabilities	833		899			398		435			364			375		427
Long-term debt	3,000		3,508			1,485		1,515			1,566			1,724		1,674
Total interest expense	5,778		6,713			2,928		2,850			2,926			3,116		3,276
Net interest income	20,098		21,213			10,013		10,085			10,786			10,266		10,549
Noninterest income
Card income	2,834		2,879			1,441		1,393			1,503			1,444		1,469
Service charges	3,692		3,636			1,866		1,826			1,870			1,884		1,837
Investment and brokerage services	6,560		6,170			3,291		3,269			3,117			2,995		3,143
Investment banking income	3,173		3,091			1,631		1,542			1,738			1,297		1,556
Equity investment income	1,141		1,243			357		784			474			1,184		680
Trading account profits	4,299		4,927			1,832		2,467			863			1,266		1,938
Mortgage banking income	939		2,441			527		412			848			585		1,178
Gains on sales of debt securities	759		525			382		377			390			356		457
Other income (loss)	818		(201		)	407		411			(101		)	253		(80		)
Total noninterest income	24,215		24,711			11,734		12,481			10,702			11,264		12,178
Total revenue, net of interest expense	44,313		45,924			21,747		22,566			21,488			21,530		22,727
Provision for credit losses	1,420		2,924			411		1,009			336			296		1,211
Noninterest expense
Personnel	18,055		18,422			8,306		9,749			7,987			8,310		8,531
Occupancy	2,194		2,263			1,079		1,115			1,116			1,096		1,109
Equipment	1,080		1,082			534		546			526			538		532
Marketing	892		866			450		442			457			511		437
Professional fees	1,184		1,343			626		558			839			702		694
Amortization of intangibles	474		550			235		239			266			270		274
Data processing	1,594		1,591			761		833			800			779		779
Telecommunications	694		820			324		370			376			397		411
Other general operating	14,612		8,581			6,226		8,386			4,940			3,786		3,251
Total noninterest expense	40,779		35,518			18,541		22,238			17,307			16,389		16,018
Income (loss) before income taxes	2,114		7,482			2,795		(681		)	3,845			4,845		5,498
Income tax expense (benefit)	99		1,987			504		(405		)	406			2,348		1,486
Net income (loss)	$	2,015	$	5,495		$	2,291	$	(276	)	$	3,439		$	2,497	$	4,012
Preferred stock dividends	494		814			256		238			256			279		441
Net income (loss) applicable to common shareholders	$	1,521	$	4,681		$	2,035	$	(514	)	$	3,183		$	2,218	$	3,571
Per common share information
Earnings (loss)	$	0.14	$	0.43		$	0.19	$	(0.05	)	$	0.30		$	0.21	$	0.33
Diluted earnings (loss) (1)	0.14		0.42			0.19		(0.05		)	0.29			0.20		0.32
Dividends paid	0.02		0.02			0.01		0.01			0.01			0.01		0.01
Average common shares issued and outstanding	10,539,769		10,787,357			10,519,359		10,560,518			10,633,030			10,718,918		10,775,867
Average diluted common shares issued and outstanding (1)	10,599,641		11,549,693			11,265,123		10,560,518			11,404,438			11,482,226		11,524,510

⁽¹⁾  The diluted earnings (loss) per common share excludes the effect of any equity instruments that are antidilutive to earnings per share. There were no potential common shares that were dilutive in the first quarter of 2014 because of the net loss.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 4

Bank of America Corporation and Subsidiaries
Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014		First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net income (loss)	$	2,015		$	5,495		$	2,291	$	(276	)	$	3,439		$	2,497		$	4,012
Other comprehensive income (loss), net-of-tax:
Net change in available-for-sale debt and marketable equity securities	3,594			(5,139		)	2,305		1,289			(2,396		)	(631		)	(4,233		)
Net change in derivatives	215			185			7		208			227			180			13
Employee benefit plan adjustments	56			133			7		49			536			1,380			48
Net change in foreign currency translation adjustments	(119		)	(91		)	7		(126		)	(1		)	(43		)	(49		)
Other comprehensive income (loss)	3,746			(4,912		)	2,326		1,420			(1,634		)	886			(4,221		)
Comprehensive income (loss)	$	5,761		$	583		$	4,617	$	1,144		$	1,805		$	3,383		$	(209	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 5

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
	June 30 2014			March 31 2014			June 30 2013
Assets
Cash and due from banks	$	31,969		$	31,099		$	38,811
Interest-bearing deposits with the Federal Reserve and non-U.S. central banks	120,930			120,546			60,017
Cash and cash equivalents	152,899			151,645			98,828
Time deposits placed and other short-term investments	8,646			12,793			12,916
Federal funds sold and securities borrowed or purchased under agreements to resell	229,449			215,299			224,168
Trading account assets	196,952			195,949			191,234
Derivative assets	47,892			45,302			56,772
Debt securities:
Carried at fair value	292,861			285,576			281,481
Held-to-maturity, at cost	60,022			55,120			54,922
Total debt securities	352,883			340,696			336,403
Loans and leases	911,899			916,217			921,570
Allowance for loan and lease losses	(15,811		)	(16,618		)	(21,235		)
Loans and leases, net of allowance	896,088			899,599			900,335
Premises and equipment, net	10,145			10,351			10,836
Mortgage servicing rights	4,368			4,765			5,839
Goodwill	69,810			69,842			69,930
Intangible assets	5,099			5,337			6,104
Loans held-for-sale	9,200			12,317			14,549
Customer and other receivables	65,475			64,135			67,526
Other assets	121,651			121,821			127,880
Total assets	$	2,170,557		$	2,149,851		$	2,123,320
Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	7,236		$	8,052		$	6,507
Derivative assets	25			23			173
Loans and leases	102,799			104,556			113,045
Allowance for loan and lease losses	(2,326		)	(2,614		)	(3,157		)
Loans and leases, net of allowance	100,473			101,942			109,888
Loans held-for-sale	601			1,294			1,876
All other assets	3,946			3,970			3,927
Total assets of consolidated variable interest entities	$	112,281		$	115,281		$	122,371

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 6

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
(Dollars in millions)
	June 30 2014			March 31 2014			June 30 2013
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	390,976		$	375,190		$	352,442
Interest-bearing	662,823			676,328			654,370
Deposits in non-U.S. offices:
Noninterest-bearing	7,224			9,056			6,925
Interest-bearing	73,306			73,076			67,046
Total deposits	1,134,329			1,133,650			1,080,783
Federal funds purchased and securities loaned or sold under agreements to repurchase	217,829			203,108			232,609
Trading account liabilities	88,342			89,076			82,381
Derivative liabilities	38,647			36,911			48,532
Short-term borrowings	45,873			51,409			46,470
Accrued expenses and other liabilities (includes $503, $509 and $474 of reserve for unfunded lending commitments)	151,055			149,024			139,033
Long-term debt	257,071			254,785			262,480
Total liabilities	1,933,146			1,917,963			1,892,288
Shareholders' equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,468,790, 3,407,790 and 3,445,843shares	14,846			13,352			14,241
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,515,824,628, 10,530,045,485 and 10,743,097,956 shares	153,468			153,696			157,192
Retained earnings	73,808			71,877			67,308
Accumulated other comprehensive income (loss)	(4,711		)	(7,037		)	(7,709		)
Total shareholders' equity	237,411			231,888			231,032
Total liabilities and shareholders' equity	$	2,170,557		$	2,149,851		$	2,123,320
Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	927		$	1,176		$	1,421
Long-term debt	16,333			18,338			25,946
All other liabilities	93			179			390
Total liabilities of consolidated variable interest entities	$	17,353		$	19,693		$	27,757

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 7

Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	Basel 3 Transition						Basel 1
	June 30 2014			March 31 2014			December 31 2013			September 30 2013			June 30 2013
Risk-based capital metrics (1, 2):
Common equity tier 1 capital	$	153,582		$	150,922		n/a			n/a			n/a
Tier 1 common capital	n/a			n/a			$	141,522		$	139,410		$	136,546
Tier 1 capital	160,760			152,936			157,742			155,593			153,716
Total capital	197,000			190,124			196,567			194,585			193,779
Risk-weighted assets	1,282,720			1,282,117			1,297,593			1,289,501			1,288,207
Common equity tier 1 capital ratio	12.0		%	11.8		%	n/a			n/a			n/a
Tier 1 common capital ratio (3)	n/a			n/a			10.9		%	10.8		%	10.6		%
Tier 1 capital ratio	12.5			11.9			12.2			12.1			11.9
Total capital ratio	15.4			14.8			15.1			15.1			15.0
Tier 1 leverage ratio	7.7			7.4			7.7			7.6			7.4
Tangible equity ratio (4)	7.85			7.65			7.86			7.73			7.67
Tangible common equity ratio (4)	7.14			7.00			7.20			7.08			6.98

⁽¹⁾  Regulatory capital ratios are preliminary.

⁽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. We reported under Basel 1 (which included the Market Risk Final Rules) at December 31, 2013, September 30, 2013 and June 30, 2013.

⁽³⁾  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.

⁽⁴⁾  Tangible equity ratio equals period-end tangible shareholders' equity divided by period-end tangible assets. Tangible common equity ratio equals period-end tangible common shareholders' equity divided by period-end tangible assets. Tangible shareholders' equity and tangible assets are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate non-GAAP financial measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on pages 48-51.)

n/a = not applicable

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 8

Bank of America Corporation and Subsidiaries
Regulatory Capital Reconciliations (1, 2)
(Dollars in millions)
							December 31 2013
Regulatory capital – Basel 1 to Basel 3 (fully phased-in)
Basel 1 Tier 1 capital							$	157,742
Deduction of qualifying preferred stock and trust preferred securities							(16,220		)
Basel 1 Tier 1 common capital							141,522
Deduction of defined benefit pension assets							(829		)
Deferred tax assets and threshold deductions (deferred tax asset temporary differences, MSRs and significant investments)							(5,459		)
Net unrealized losses in accumulated OCI on AFS debt and certain marketable equity securities, and employee benefit plans							(5,664		)
Other deductions, net							(1,624		)
Basel 3 common equity tier 1 capital (fully phased-in)							$	127,946
	June 30 2014			March 31 2014
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition)	$	153,582		$	150,922
Adjustments and deductions recognized in Tier 1 capital during transition	(10,547		)	(11,302		)
Other adjustments and deductions phased in during transition	(5,852		)	(9,474		)
Common equity tier 1 capital (fully phased-in)	$	137,183		$	130,146
	June 30 2014			March 31 2014			December 31 2013
Risk-weighted assets – As reported to Basel 3 (fully phased-in)
As reported risk-weighted assets	$	1,282,720		$	1,282,117		$	1,297,593
Change in risk-weighted assets from reported to fully phased-in	154,240			165,332			162,731
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	1,436,960			1,447,449			1,460,324
Change in risk-weighted assets for advanced models	(49,464		)	(86,234		)	(133,027		)
Basel 3 Advanced approaches risk-weighted assets (fully phased-in)	$	1,387,496		$	1,361,215		$	1,327,297
Regulatory capital ratios
Basel 1 Tier 1 common	n/a			n/a			10.9		%
Basel 3 Standardized approach common equity tier 1 (transition)	12.0		%	11.8		%	n/a
Basel 3 Standardized approach common equity tier 1 (fully phased-in)	9.5			9.0			8.8
Basel 3 Advanced approaches common equity tier 1 (fully phased-in)	9.9			9.6			9.6

⁽¹⁾  Regulatory capital ratios are preliminary.

⁽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. We reported under Basel 1 (which included the Market Risk Final Rules) at December 31, 2013. Basel 3 common equity tier 1 capital and risk-weighted assets on a fully phased-in basis are non-GAAP financial measures. For reconciliations to GAAP financial measures, see above. The company's fully phased-in Basel 3 estimates are based on its current understanding of the Standardized and Advanced approaches under the Basel 3 rules, assuming all relevant regulatory model approvals, except for the potential reduction to risk-weighted assets resulting from removal of the Comprehensive Risk Measure surcharge. The Basel 3 rules require approval by banking regulators of certain models used as part of risk-weighted asset calculations. If these models are not approved, the company's capital ratio would likely be adversely impacted, which in some cases could be significant.

n/a = not applicable

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 9

Bank of America Corporation and Subsidiaries
Net Interest Income Excluding Trading-related Net Interest Income
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)
As reported	$	20,512		$	21,646		$	10,226		$	10,286		$	10,999		$	10,479		$	10,771
Impact of trading-related net interest income	(1,758		)	(1,923		)	(858		)	(900		)	(1,046		)	(883		)	(914		)
Net interest income excluding trading-related net interest income (1)	$	18,754		$	19,723		$	9,368		$	9,386		$	9,953		$	9,596		$	9,857
Average earning assets (2)
As reported	$	1,822,177		$	1,845,651		$	1,840,850		$	1,803,298		$	1,798,697		$	1,789,045		$	1,833,541
Impact of trading-related earning assets	(453,105		)	(492,443		)	(463,395		)	(442,700		)	(445,693		)	(446,181		)	(487,288		)
Average earning assets excluding trading-related earning assets (1)	$	1,369,072		$	1,353,208		$	1,377,455		$	1,360,598		$	1,353,004		$	1,342,864		$	1,346,253
Net interest yield contribution (FTE basis) (2, 3)
As reported	2.26		%	2.36		%	2.22		%	2.29		%	2.44		%	2.33		%	2.35		%
Impact of trading-related activities	0.49			0.57			0.50			0.48			0.49			0.51			0.58
Net interest yield on earning assets excluding trading-related activities (1)	2.75		%	2.93		%	2.72		%	2.77		%	2.93		%	2.84		%	2.93		%

⁽¹⁾  Represents a non-GAAP financial measure.

⁽²⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. In prior periods, these balances were included with cash and due from banks in the cash and cash equivalents line, consistent with the Consolidated Balance Sheet presentation. Prior periods have been reclassified to conform to current period presentation.

⁽³⁾  Calculated on an annualized basis.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 10

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Second Quarter 2014						First Quarter 2014						Second Quarter 2013
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve and non-U.S. central banks (1)	$	123,582	$	85	0.28	%	$	112,570	$	72	0.26	%	$	64,205	$	40	0.25	%
Time deposits placed and other short-term investments	10,509		39		1.51		13,880		49		1.43		15,088		46		1.21
Federal funds sold and securities borrowed or purchased under agreements to resell	235,393		297		0.51		212,504		265		0.51		233,394		319		0.55
Trading account assets	147,798		1,214		3.29		147,583		1,213		3.32		181,620		1,224		2.70
Debt securities (2)	345,889		2,134		2.46		329,711		2,005		2.41		343,260		2,557		2.98
Loans and leases (3):
Residential mortgage	243,405		2,195		3.61		247,556		2,240		3.62		257,275		2,246		3.49
Home equity	90,729		842		3.72		92,759		851		3.71		101,708		951		3.74
U.S. credit card	88,058		2,042		9.30		89,545		2,092		9.48		89,722		2,192		9.80
Non-U.S. credit card	11,759		308		10.51		11,554		308		10.79		10,613		315		11.93
Direct/Indirect consumer	82,102		524		2.56		81,728		530		2.63		82,485		598		2.90
Other consumer	2,012		17		3.60		1,962		18		3.66		1,756		17		4.17
Total consumer	518,065		5,928		4.58		525,104		6,039		4.64		543,559		6,319		4.66
U.S. commercial	230,487		1,672		2.91		228,058		1,651		2.93		217,464		1,741		3.21
Commercial real estate	48,315		357		2.97		48,753		368		3.06		40,612		340		3.36
Commercial lease financing	24,409		193		3.16		24,727		234		3.78		23,579		205		3.48
Non-U.S. commercial	91,304		570		2.50		92,840		543		2.37		89,020		543		2.45
Total commercial	394,515		2,792		2.84		394,378		2,796		2.87		370,675		2,829		3.06
Total loans and leases	912,580		8,720		3.83		919,482		8,835		3.88		914,234		9,148		4.01
Other earning assets	65,099		665		4.09		67,568		697		4.18		81,740		713		3.50
Total earning assets (4)	1,840,850		13,154		2.86		1,803,298		13,136		2.93		1,833,541		14,047		3.07
Cash and due from banks (1)	27,377						28,258						40,281
Other assets, less allowance for loan and lease losses	301,328						307,710						310,788
Total assets	$	2,169,555					$	2,139,266					$	2,184,610

⁽¹⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. In prior periods, these balances were included with cash and due from banks in the cash and cash equivalents line, consistent with the Consolidated Balance Sheet presentation. Prior periods have been reclassified to conform to current period presentation.

⁽²⁾  Beginning in the first quarter of 2014, yields on debt securities carried at fair value are calculated on the cost basis. Prior to the first quarter of 2014, yields on debt securities carried at fair value were calculated based on fair value rather than the cost basis. The use of fair value did not have a material impact on net interest yield.

⁽³⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

⁽⁴⁾  The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

	Second Quarter 2014				First Quarter 2014				Second Quarter 2013
Federal funds sold and securities borrowed or purchased under agreements to resell		$	14			$	13			$	13
Debt securities		(13		)		(2		)		(48		)
U.S. commercial		(14		)		(16		)		(27		)
Non-U.S. commercial		—				—				(1		)
Net hedge expenses on assets		$	(13	)		$	(5	)		$	(63	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 11

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Second Quarter 2014						First Quarter 2014						Second Quarter 2013
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	47,450	$	—	—	%	$	45,196	$	1	0.01	%	$	44,897	$	6	0.05	%
NOW and money market deposit accounts	519,399		79		0.06		523,237		83		0.06		500,628		107		0.09
Consumer CDs and IRAs	68,706		70		0.41		71,141		84		0.48		81,887		127		0.63
Negotiable CDs, public funds and other deposits	33,412		29		0.35		29,826		27		0.37		25,835		30		0.45
Total U.S. interest-bearing deposits	668,967		178		0.11		669,400		195		0.12		653,247		270		0.17
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	10,538		19		0.72		11,071		21		0.75		10,840		20		0.72
Governments and official institutions	1,754		—		0.14		1,857		1		0.14		1,528		—		0.19
Time, savings and other	64,091		85		0.53		60,506		74		0.50		55,049		76		0.55
Total non-U.S. interest-bearing deposits	76,383		104		0.55		73,434		96		0.53		67,417		96		0.57
Total interest-bearing deposits	745,350		282		0.15		742,834		291		0.16		720,664		366		0.20
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	271,247		763		1.13		252,971		609		0.98		318,028		809		1.02
Trading account liabilities	95,153		398		1.68		90,448		435		1.95		94,349		427		1.82
Long-term debt	259,825		1,485		2.29		253,678		1,515		2.41		270,198		1,674		2.48
Total interest-bearing liabilities (1)	1,371,575		2,928		0.86		1,339,931		2,850		0.86		1,403,239		3,276		0.94
Noninterest-bearing sources:
Noninterest-bearing deposits	383,213						375,344						359,292
Other liabilities	178,970						187,438						187,016
Shareholders’ equity	235,797						236,553						235,063
Total liabilities and shareholders’ equity	$	2,169,555					$	2,139,266					$	2,184,610
Net interest spread					2.00	%					2.07	%					2.13	%
Impact of noninterest-bearing sources					0.22						0.22						0.22
Net interest income/yield on earning assets			$	10,226	2.22	%			$	10,286	2.29	%			$	10,771	2.35	%

⁽¹⁾  The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:

	Second Quarter 2014				First Quarter 2014				Second Quarter 2013
NOW and money market deposit accounts		$	(1	)		$	—			$	(1	)
Consumer CDs and IRAs		12				20				21
Negotiable CDs, public funds and other deposits		4				3				4
Banks located in non-U.S. countries		6				3				3
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		263				257				259
Long-term debt		(905		)		(875		)		(946		)
Net hedge income on liabilities		$	(621	)		$	(592	)		$	(660	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 12

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Six Months Ended June 30
	2014						2013
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve and non-U.S. central banks (1)	$	118,106	$	157	0.27	%	$	60,676	$	73	0.24	%
Time deposits placed and other short-term investments	12,185		88		1.46		15,606		92		1.19
Federal funds sold and securities borrowed or purchased under agreements to resell	224,012		562		0.51		235,417		634		0.54
Trading account assets	147,691		2,427		3.31		187,957		2,604		2.79
Debt securities (2)	337,845		4,139		2.43		349,794		5,113		2.92
Loans and leases (3):
Residential mortgage	245,469		4,435		3.61		257,949		4,586		3.56
Home equity	91,738		1,693		3.71		103,812		1,948		3.77
U.S. credit card	88,797		4,134		9.39		90,712		4,441		9.87
Non-U.S. credit card	11,657		616		10.65		10,819		644		12.01
Direct/Indirect consumer	81,916		1,054		2.59		82,425		1,218		2.98
Other consumer	1,988		35		3.63		1,710		36		4.26
Total consumer	521,565		11,967		4.61		547,427		12,873		4.73
U.S. commercial	229,279		3,323		2.92		214,103		3,407		3.21
Commercial real estate	48,533		725		3.01		39,899		666		3.37
Commercial lease financing	24,567		427		3.47		23,556		441		3.75
Non-U.S. commercial	92,068		1,113		2.44		85,284		1,010		2.39
Total commercial	394,447		5,588		2.85		362,842		5,524		3.07
Total loans and leases	916,012		17,555		3.85		910,269		18,397		4.07
Other earning assets	66,326		1,362		4.14		85,932		1,446		3.39
Total earning assets (4)	1,822,177		26,290		2.90		1,845,651		28,359		3.09
Cash and due from banks (1)	27,815						38,022
Other assets, less allowance for loan and lease losses	304,502						314,770
Total assets	$	2,154,494					$	2,198,443

⁽¹⁾  Beginning in the first quarter of 2014, interest-bearing deposits placed with the Federal Reserve and certain non-U.S. central banks are included in earning assets. In prior periods, these balances were included with cash and due form banks in the cash and cash equivalents line, consistent with the Consolidated Balance Sheet presentation. Prior periods have been reclassified to conform to current period presentation.

⁽²⁾  Beginning in the first quarter of 2014, yields on debt securities carried at fair value are calculated on the cost basis. Prior to the first quarter of 2014, yields on debt securities carried at fair value were calculated based on fair value rather than the cost basis. The use of fair value did not have a material impact on net interest yield.

⁽³⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

⁽⁴⁾  The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:

	2014				2013
Federal funds sold and securities borrowed or purchased under agreements to resell		$	27			$	24
Debt securities		(15		)		(170		)
U.S. commercial		(30		)		(56		)
Non-U.S. commercial		—				(2		)
Net hedge expenses on assets		$	(18	)		$	(204	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 13

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Six Months Ended June 30
	2014						2013
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	46,329	$	1	0.01	%	$	43,921	$	12	0.05	%
NOW and money market deposit accounts	521,307		162		0.06		500,901		224		0.09
Consumer CDs and IRAs	69,917		154		0.44		83,489		262		0.63
Negotiable CDs, public funds and other deposits	31,629		56		0.36		24,996		59		0.47
Total U.S. interest-bearing deposits	669,182		373		0.11		653,307		557		0.17
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	10,803		40		0.74		11,498		41		0.72
Governments and official institutions	1,805		1		0.14		1,537		1		0.18
Time, savings and other	62,309		159		0.51		54,499		149		0.55
Total non-U.S. interest-bearing deposits	74,917		200		0.54		67,534		191		0.57
Total interest-bearing deposits	744,099		573		0.16		720,841		748		0.21
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings	262,161		1,372		1.06		327,782		1,558		0.96
Trading account liabilities	92,813		833		1.81		93,204		899		1.95
Long-term debt	256,768		3,000		2.34		272,088		3,508		2.59
Total interest-bearing liabilities (1)	1,355,841		5,778		0.86		1,413,915		6,713		0.96
Noninterest-bearing sources:
Noninterest-bearing deposits	379,300						356,790
Other liabilities	183,180						191,714
Shareholders’ equity	236,173						236,024
Total liabilities and shareholders’ equity	$	2,154,494					$	2,198,443
Net interest spread					2.04	%					2.13	%
Impact of noninterest-bearing sources					0.22						0.23
Net interest income/yield on earning assets			$	20,512	2.26	%			$	21,646	2.36	%

⁽¹⁾  The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased(decreased) interest expense on:

	2014				2013
NOW and money market deposit accounts		$	(1	)		$	(1	)
Consumer CDs and IRAs		32				34
Negotiable CDs, public funds and other deposits		7				7
Banks located in non-U.S. countries		9				6
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings		520				519
Long-term debt		(1,780		)		(1,843		)
Net hedge income on liabilities		$	(1,213	)		$	(1,278	)

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 14

Bank of America Corporation and Subsidiaries
Debt Securities and Available-for-Sale Marketable Equity Securities
(Dollars in millions)
	June 30, 2014
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
U.S. Treasury and agency securities	$	38,417	$	301	$	(15	)	$	38,703
Mortgage-backed securities:
Agency	161,636		1,571		(1,664		)	161,543
Agency-collateralized mortgage obligations	12,370		132		(61		)	12,441
Non-agency residential	4,818		272		(84		)	5,006
Commercial	2,240		39		(1		)	2,278
Non-U.S. securities	7,034		40		(5		)	7,069
Corporate/Agency bonds	813		18		(3		)	828
Other taxable securities, substantially all asset-backed securities	13,587		38		(10		)	13,615
Total taxable securities	240,915		2,411		(1,843		)	241,483
Tax-exempt securities	8,802		5		(18		)	8,789
Total available-for-sale debt securities	249,717		2,416		(1,861		)	250,272
Other debt securities carried at fair value	43,032		151		(594		)	42,589
Total debt securities carried at fair value	292,749		2,567		(2,455		)	292,861
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	60,022		247		(1,088		)	59,181
Total debt securities	$	352,771	$	2,814	$	(3,543	)	$	352,042
Available-for-sale marketable equity securities (1)	$	276	$	—	$	(36	)	$	240
	March 31, 2014
Available-for-sale debt securities
U.S. Treasury and agency securities	$	29,580	$	108	$	(121	)	$	29,567
Mortgage-backed securities:
Agency	169,216		830		(4,299		)	165,747
Agency-collateralized mortgage obligations	18,464		217		(109		)	18,572
Non-agency residential	5,111		244		(97		)	5,258
Commercial	1,713		26		(5		)	1,734
Non-U.S. securities	7,109		31		(18		)	7,122
Corporate/Agency bonds	831		18		(4		)	845
Other taxable securities, substantially all asset-backed securities	14,695		42		(15		)	14,722
Total taxable securities	246,719		1,516		(4,668		)	243,567
Tax-exempt securities	6,443		4		(33		)	6,414
Total available-for-sale debt securities	253,162		1,520		(4,701		)	249,981
Other debt securities carried at fair value	36,453		82		(940		)	35,595
Total debt securities carried at fair value	289,615		1,602		(5,641		)	285,576
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	55,120		50		(2,064		)	53,106
Total debt securities	$	344,735	$	1,652	$	(7,705	)	$	338,682
Available-for-sale marketable equity securities (1)	$	236	$	—	$	(20	)	$	216

⁽¹⁾  Classified in other assets on the Consolidated Balance Sheet.

Other Debt Securities Carried at Fair Value
(Dollars in millions)	June 30 2014		March 31 2014
U.S. Treasury and agency securities	$	4,242	$	4,182
Mortgage-backed securities:
Agency	16,448		16,290
Agency-collateralized mortgage obligations	—		123
Non-agency residential	3,401		—
Commercial	793		770
Non-U.S. securities (1)	17,395		14,230
Other taxable securities, substantially all asset-backed securities	310		—
Total	$	42,589	$	35,595

⁽¹⁾  These securities are primarily used to satisfy certain international regulatory liquidity requirements.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 15

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment
(Dollars in millions)
	Second Quarter 2014
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,226		$	4,929	$	697		$	1,485		$	2,239	$	952		$	(76	)
Noninterest income	11,734			2,444		693			3,104			1,940		3,631			(78		)
Total revenue, net of interest expense (FTE basis)	21,960			7,373		1,390			4,589			4,179		4,583			(154		)
Provision for credit losses	411			534		(20		)	(8		)	132		19			(246		)
Noninterest expense	18,541			4,000		5,902			3,447			1,899		2,862			431
Income (loss) before income taxes	3,008			2,839		(4,492		)	1,150			2,148		1,702			(339		)
Income tax expense (benefit) (FTE basis)	717			1,051		(1,690		)	426			795		601			(466		)
Net income (loss)	$	2,291		$	1,788	$	(2,802	)	$	724		$	1,353	$	1,101		$	127
Average
Total loans and leases	$	912,580		$	160,240	$	88,257		$	118,512		$	271,417	$	63,579		$	210,575
Total assets (1)	2,169,555			607,853		109,588			268,294			390,997		617,103			175,720
Total deposits	1,128,563			543,566		n/m			240,042			258,937		n/m			35,851
Period end
Total loans and leases	$	911,899		$	161,142	$	88,156		$	120,187		$	270,683	$	66,260		$	205,471
Total assets (1)	2,170,557			612,200		107,650			265,581			407,367		610,395			167,364
Total deposits	1,134,329			545,530		n/m			237,046			270,268		n/m			31,999
	First Quarter 2014
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,286		$	4,951	$	701		$	1,485		$	2,302	$	997		$	(150	)
Noninterest income	12,481			2,487		491			3,062			1,967		4,015			459
Total revenue, net of interest expense (FTE basis)	22,767			7,438		1,192			4,547			4,269		5,012			309
Provision for credit losses	1,009			812		25			23			265		19			(135		)
Noninterest expense	22,238			3,963		8,129			3,359			2,028		3,077			1,682
Income (loss) before income taxes	(480		)	2,663		(6,962		)	1,165			1,976		1,916			(1,238		)
Income tax expense (benefit) (FTE basis)	(204		)	997		(1,935		)	436			740		608			(1,050		)
Net income (loss)	$	(276	)	$	1,666	$	(5,027	)	$	729		$	1,236	$	1,308		$	(188	)
Average
Total loans and leases	$	919,482		$	162,061	$	88,914		$	115,945		$	271,475	$	63,696		$	217,391
Total assets (1)	2,139,266			595,486		110,564			273,080			393,075		601,439			165,622
Total deposits	1,118,178			534,557		n/m			242,792			256,433		n/m			34,381
Period end
Total loans and leases	$	916,217		$	160,127	$	88,355		$	116,482		$	273,239	$	64,598		$	213,416
Total assets (1)	2,149,851			613,173		112,264			274,234			397,017		594,815			158,348
Total deposits	1,133,650			552,211		n/m			244,051			257,502		n/m			32,818
	Second Quarter 2013
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,771		$	5,034	$	699		$	1,505		$	2,252	$	1,009		$	272
Noninterest income	12,178			2,400		1,416			2,994			1,886		3,185			297
Total revenue, net of interest expense (FTE basis)	22,949			7,434		2,115			4,499			4,138		4,194			569
Provision for credit losses	1,211			967		291			(15		)	163		(16		)	(179		)
Noninterest expense	16,018			4,184		3,383			3,270			1,849		2,770			562
Income (loss) before income taxes	5,720			2,283		(1,559		)	1,244			2,126		1,440			186
Income tax expense (benefit) (FTE basis)	1,708			892		(629		)	485			829		478			(347		)
Net income (loss)	$	4,012		$	1,391	$	(930	)	$	759		$	1,297	$	962		$	533
Average
Total loans and leases	$	914,234		$	163,593	$	90,114		$	109,589		$	255,674	$	56,354		$	238,910
Total assets (1)	2,184,610			584,217		122,276			263,735			326,775		656,109			231,498
Total deposits	1,079,956			522,244		n/m			235,344			226,912		n/m			34,017
Period end
Total loans and leases	$	921,570		$	164,851	$	89,257		$	111,785		$	258,503	$	63,127		$	234,047
Total assets (1)	2,123,320			587,655		124,032			263,867			334,167		608,760			204,839
Total deposits	1,080,783			525,085		n/m			235,012			228,934		n/m			34,858

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 16

Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment
(Dollars in millions)
	Six Months Ended June 30, 2014
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	20,512	$	9,880	$	1,398		$	2,970	$	4,541	$	1,949		$	(226	)
Noninterest income	24,215		4,931		1,184			6,166		3,907		7,646			381
Total revenue, net of interest expense (FTE basis)	44,727		14,811		2,582			9,136		8,448		9,595			155
Provision for credit losses	1,420		1,346		5			15		397		38			(381		)
Noninterest expense	40,779		7,963		14,031			6,806		3,927		5,939			2,113
Income (loss) before income taxes	2,528		5,502		(11,454		)	2,315		4,124		3,618			(1,577		)
Income tax expense (benefit) (FTE basis)	513		2,048		(3,625		)	862		1,535		1,209			(1,516		)
Net income (loss)	$	2,015	$	3,454	$	(7,829	)	$	1,453	$	2,589	$	2,409		$	(61	)
Average
Total loans and leases	$	916,012	$	161,145	$	88,584		$	117,235	$	271,446	$	63,637		$	213,965
Total assets (1)	2,154,494		601,703		110,073			270,674		392,030		609,315			170,699
Total deposits	1,123,399		539,087		n/m			241,409		257,692		n/m			35,119
Period end
Total loans and leases	$	911,899	$	161,142	$	88,156		$	120,187	$	270,683	$	66,260		$	205,471
Total assets (1)	2,170,557		612,200		107,650			265,581		407,367		610,395			167,364
Total deposits	1,134,329		545,530		n/m			237,046		270,268		n/m			31,999
	Six Months Ended June 30, 2013
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	21,646	$	10,047	$	1,442		$	3,101	$	4,411	$	2,117		$	528
Noninterest income	24,711		4,799		2,985			5,819		3,757		6,856			495
Total revenue, net of interest expense (FTE basis)	46,357		14,846		4,427			8,920		8,168		8,973			1,023
Provision for credit losses	2,924		1,919		626			7		312		(11		)	71
Noninterest expense	35,518		8,349		8,788			6,523		3,685		5,843			2,330
Income (loss) before income taxes	7,915		4,578		(4,987		)	2,390		4,171		3,141			(1,378		)
Income tax expense (benefit) (FTE basis)	2,420		1,745		(1,901		)	911		1,590		1,067			(992		)
Net income (loss)	$	5,495	$	2,833	$	(3,086	)	$	1,479	$	2,581	$	2,074		$	(386	)
Average
Total loans and leases	$	910,269	$	164,713	$	91,531		$	107,845	$	249,903	$	54,529		$	241,748
Total assets (1)	2,198,443		574,452		125,291			272,966		322,036		663,021			240,677
Total deposits	1,077,631		512,424		n/m			244,329		224,132		n/m			34,883
Period end
Total loans and leases	$	921,570	$	164,851	$	89,257		$	111,785	$	258,503	$	63,127		$	234,047
Total assets (1)	2,123,320		587,655		124,032			263,867		334,167		608,760			204,839
Total deposits	1,080,783		525,085		n/m			235,012		228,934		n/m			34,858

⁽¹⁾  Total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 17

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	9,880		$	10,047		$	4,929		$	4,951		$	4,948		$	5,056		$	5,034
Noninterest income:
Card income	2,328			2,393			1,166			1,162			1,236			1,175			1,186
Service charges	2,136			2,048			1,091			1,045			1,097			1,063			1,035
All other income	467			358			187			280			217			230			179
Total noninterest income	4,931			4,799			2,444			2,487			2,550			2,468			2,400
Total revenue, net of interest expense (FTE basis)	14,811			14,846			7,373			7,438			7,498			7,524			7,434
Provision for credit losses	1,346			1,919			534			812			427			761			967
Noninterest expense	7,963			8,349			4,000			3,963			4,026			3,983			4,184
Income before income taxes	5,502			4,578			2,839			2,663			3,045			2,780			2,283
Income tax expense (FTE basis)	2,048			1,745			1,051			997			1,067			1,003			892
Net income	$	3,454		$	2,833		$	1,788		$	1,666		$	1,978		$	1,777		$	1,391
Net interest yield (FTE basis)	3.56		%	3.80		%	3.50		%	3.63		%	3.58		%	3.70		%	3.72		%
Return on average allocated capital (1)	23.63			19.08			24.33			22.92			26.18			23.53			18.62
Efficiency ratio (FTE basis)	53.76			56.23			54.24			53.29			53.69			52.93			56.29
Balance Sheet
Average
Total loans and leases	$	161,145		$	164,713		$	160,240		$	162,061		$	163,157		$	165,719		$	163,593
Total earning assets (2)	559,636			533,098			565,738			553,466			548,272			542,642			542,814
Total assets (2)	601,703			574,452			607,853			595,486			590,131			583,910			584,217
Total deposits	539,087			512,424			543,566			534,557			528,791			522,007			522,244
Allocated capital (1)	29,500			30,000			29,500			29,500			30,000			30,000			30,000
Period end
Total loans and leases	$	161,142		$	164,851		$	161,142		$	160,127		$	165,094		$	167,257		$	164,851
Total earning assets (2)	570,208			545,815			570,208			571,058			550,777			547,331			545,815
Total assets (2)	612,200			587,655			612,200			613,173			593,099			588,721			587,655
Total deposits	545,530			525,085			545,530			552,211			531,668			526,835			525,085

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾  Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 18

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Year-to-Date Results
(Dollars in millions)
	Six Months Ended June 30, 2014
	Total Consumer & Business Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	9,880		$	5,144		$	4,736
Noninterest income:
Card income	2,328			33			2,295
Service charges	2,136			2,135			1
All other income	467			248			219
Total noninterest income	4,931			2,416			2,515
Total revenue, net of interest expense (FTE basis)	14,811			7,560			7,251
Provision for credit losses	1,346			133			1,213
Noninterest expense	7,963			5,237			2,726
Income before income taxes	5,502			2,190			3,312
Income tax expense (FTE basis)	2,048			815			1,233
Net income	$	3,454		$	1,375		$	2,079
Net interest yield (FTE basis)	3.56		%	1.91		%	6.85		%
Return on average allocated capital (1)	23.63			16.81			32.29
Efficiency ratio (FTE basis)	53.76			69.26			37.60
Balance Sheet
Average
Total loans and leases	$	161,145		$	22,509		$	138,636
Total earning assets (2)	559,636			543,882			139,350
Total assets (2)	601,703			576,632			148,667
Total deposits	539,087			538,337			n/m
Allocated capital (1)	29,500			16,500			13,000
Period end
Total loans and leases	$	161,142		$	22,420		$	138,722
Total earning assets (2)	570,208			550,546			139,162
Total assets (2)	612,200			582,935			148,765
Total deposits	545,530			544,689			n/m
	Six Months Ended June 30, 2013
	Total Consumer & Business Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	10,047		$	4,859		$	5,188
Noninterest income:
Card income	2,393			30			2,363
Service charges	2,048			2,048			—
All other income	358			219			139
Total noninterest income	4,799			2,297			2,502
Total revenue, net of interest expense (FTE basis)	14,846			7,156			7,690
Provision for credit losses	1,919			98			1,821
Noninterest expense	8,349			5,626			2,723
Income before income taxes	4,578			1,432			3,146
Income tax expense (FTE basis)	1,745			546			1,199
Net income	$	2,833		$	886		$	1,947
Net interest yield (FTE basis)	3.80		%	1.90		%	7.33		%
Return on average allocated capital (1)	19.08			11.62			26.94
Efficiency ratio (FTE basis)	56.23			78.61			35.41
Balance Sheet
Average
Total loans and leases	$	164,713		$	22,525		$	142,188
Total earning assets (2)	533,098			516,634			142,629
Total assets (2)	574,452			549,395			151,222
Total deposits	512,424			511,977			n/m
Allocated capital (1)	30,000			15,400			14,600
Period end
Total loans and leases	$	164,851		$	22,467		$	142,384
Total earning assets (2)	545,815			528,881			142,824
Total assets (2)	587,655			561,767			151,778
Total deposits	525,085			523,928			n/m

For footnotes see page 21.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 19

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Quarterly Results
(Dollars in millions)
	Second Quarter 2014
	Total Consumer & Business Banking				Deposits			Consumer Lending
Net interest income (FTE basis)	$	4,929			$	2,599		$	2,330
Noninterest income:
Card income	1,166				17			1,149
Service charges	1,091				1,090			1
All other income	187				134			53
Total noninterest income	2,444				1,241			1,203
Total revenue, net of interest expense (FTE basis)	7,373				3,840			3,533
Provision for credit losses	534				53			481
				��
Noninterest expense	4,000				2,607			1,393
Income before income taxes	2,839				1,180			1,659
Income tax expense (FTE basis)	1,051				437			614
Net income	$	1,788			$	743		$	1,045
Net interest yield (FTE basis)	3.50		%		1.90		%	6.75		%
Return on average allocated capital (1)	24.33				18.06			32.29
Efficiency ratio (FTE basis)	54.24				67.86			39.43
Balance Sheet
Average
Total loans and leases	$	160,240			$	22,482		$	137,758
Total earning assets (2)	565,738				548,313			138,304
Total assets (2)	607,853				581,102			147,630
Total deposits	543,566				542,796			n/m
Allocated capital (1)	29,500				16,500			13,000
Period end
Total loans and leases	$	161,142			$	22,420		$	138,722
Total earning assets (2)	570,208				550,546			139,162
Total assets (2)	612,200				582,935			148,765
Total deposits	545,530				544,689			n/m
	First Quarter 2014
	Total Consumer & Business Banking				Deposits			Consumer Lending
Net interest income (FTE basis)	$	4,951			$	2,545		$	2,406
Noninterest income:
Card income	1,162				16			1,146
Service charges	1,045				1,045			—
All other income	280				114			166
Total noninterest income	2,487				1,175			1,312
Total revenue, net of interest expense (FTE basis)	7,438				3,720			3,718
Provision for credit losses	812				80			732
Noninterest expense	3,963				2,630			1,333
Income before income taxes	2,663				1,010			1,653
Income tax expense (FTE basis)	997				378			619
Net income	$	1,666			$	632		$	1,034
Net interest yield (FTE basis)	3.63		%		1.91		%	6.95		%
Return on average allocated capital (1)	22.92				15.54			32.29
Efficiency ratio (FTE basis)	53.29				70.71			35.86
Balance Sheet
Average
Total loans and leases	$	162,061			$	22,537		$	139,524
Total earning assets (2)	553,466				539,399			140,407
Total assets (2)	595,486				572,111			149,715
Total deposits	534,557				533,827			n/m
Allocated capital (1)	29,500				16,500			13,000
Period end
Total loans and leases	$	160,127			$	22,515		$	137,612
Total earning assets (2)	571,058				556,995			138,774
Total assets (2)	613,173				589,669			148,215
Total deposits	552,211				551,399			n/m

For footnotes see page 21.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 20

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Quarterly Results (continued)
(Dollars in millions)
	Second Quarter 2013
	Total Consumer & Business Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,034		$	2,472		$	2,562
Noninterest income:
Card income	1,186			15			1,171
Service charges	1,035			1,035			—
All other income	179			117			62
Total noninterest income	2,400			1,167			1,233
Total revenue, net of interest expense (FTE basis)	7,434			3,639			3,795
Provision for credit losses	967			35			932
Noninterest expense	4,184			2,810			1,374
Income before income taxes	2,283			794			1,489
Income tax expense (FTE basis)	892			309			583
Net income	$	1,391		$	485		$	906
Net interest yield (FTE basis)	3.72		%	1.88		%	7.26		%
Return on average allocated capital (1)	18.62			12.63			24.93
Efficiency ratio (FTE basis)	56.29			77.23			36.20
Balance Sheet
Average
Total loans and leases	$	163,593		$	22,434		$	141,159
Total earning assets (2)	542,814			526,459			141,599
Total assets (2)	584,217			559,221			150,240
Total deposits	522,244			521,782			n/m
Allocated capital (1)	30,000			15,400			14,600
Period end
Total loans and leases	$	164,851		$	22,467		$	142,384
Total earning assets (2)	545,815			528,881			142,824
Total assets (2)	587,655			561,767			151,778
Total deposits	525,085			523,928			n/m

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾  For presentation purposes, in segments or businesses where the total of liabilities and equity exceeds assets, the Corporation allocates assets from All Other to match the segments' and businesses' liabilities and allocated shareholders' equity. As a result, total earning assets and total assets of the businesses may not equal total Consumer & Business Banking.

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 21

Bank of America Corporation and Subsidiaries
Consumer & Business Banking Key Indicators
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Average deposit balances
Checking	$	256,490		$	233,414		$	259,929		$	253,013		$	247,276		$	240,474		$	238,480
Savings	44,714			42,077			45,797			43,619			42,139			42,365			43,183
MMS	170,513			158,363			171,589			169,424			166,828			163,955			161,976
CDs and IRAs	64,032			74,140			62,808			65,270			68,192			70,888			74,064
Non-U.S. and other	3,338			4,430			3,443			3,231			4,356			4,325			4,541
Total average deposit balances	$	539,087		$	512,424		$	543,566		$	534,557		$	528,791		$	522,007		$	522,244
Deposit spreads (excludes noninterest costs)
Checking	2.03		%	2.04		%	2.03		%	2.02		%	2.01		%	2.01		%	2.02		%
Savings	2.30			2.20			2.31			2.29			2.23			2.21			2.20
MMS	1.14			1.05			1.15			1.13			1.11			1.08			1.05
CDs and IRAs	0.50			0.53			0.49			0.50			0.50			0.51			0.51
Non-U.S. and other	0.51			1.01			0.42			0.62			0.85			0.93			1.00
Total deposit spreads	1.58			1.51			1.59			1.56			1.54			1.52			1.51
Client brokerage assets	$	105,926		$	84,182		$	105,926		$	100,206		$	96,048		$	89,517		$	84,182
Online banking active accounts (units in thousands)	30,429			29,867			30,429			30,470			29,950			30,197			29,867
Mobile banking active accounts (units in thousands)	15,475			13,214			15,475			14,986			14,395			13,967			13,214
Banking centers	5,023			5,328			5,023			5,095			5,151			5,243			5,328
ATMs	15,976			16,354			15,976			16,214			16,259			16,201			16,354
Total U.S. credit card(1)
Loans
Average credit card outstandings	$	88,797		$	90,712		$	88,058		$	89,545		$	90,057		$	90,005		$	89,722
Ending credit card outstandings	89,020			90,523			89,020			87,692			92,338			90,280			90,523
Credit quality
Net charge-offs	$	1,401		$	1,864		$	683		$	718		$	724		$	788		$	917
	3.18		%	4.14		%	3.11		%	3.25		%	3.19		%	3.47		%	4.10		%
30+ delinquency	$	1,698		$	2,200		$	1,698		$	1,878		$	2,074		$	2,112		$	2,200
	1.91		%	2.43		%	1.91		%	2.14		%	2.25		%	2.34		%	2.43		%
90+ delinquency	$	868		$	1,167		$	868		$	966		$	1,053		$	1,049		$	1,167
	0.98		%	1.29		%	0.98		%	1.10		%	1.14		%	1.16		%	1.29		%
Other Total U.S. credit card indicators (1)
Gross interest yield	9.39		%	9.87		%	9.30		%	9.48		%	9.36		%	9.82		%	9.80		%
Risk-adjusted margin	9.23			8.46			8.97			9.49			9.11			8.68			8.41
New accounts (in thousands)	2,155			1,863			1,128			1,027			999			1,048			957
Purchase volumes	$	102,447		$	98,577		$	53,584		$	48,863		$	54,514		$	52,823		$	51,945
Debit card data
Purchase volumes	$	135,382		$	132,375		$	69,492		$	65,890		$	68,000		$	66,712		$	67,740

⁽¹⁾  In addition to the U.S. credit card portfolio in Consumer & Business Banking, the remaining U.S. credit card portfolio is in GWIM.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 22

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Segment Results
(Dollars in millions; except as noted)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	1,398		$	1,442		$	697		$	701		$	716		$	733		$	699
Noninterest income:
Mortgage banking income	1,075			2,898			606			469			913			775			1,411
All other income	109			87			87			22			83			69			5
Total noninterest income	1,184			2,985			693			491			996			844			1,416
Total revenue, net of interest expense (FTE basis)	2,582			4,427			1,390			1,192			1,712			1,577			2,115
Provision for credit losses	5			626			(20		)	25			(474		)	(308		)	291
Noninterest expense	14,031			8,788			5,902			8,129			3,788			3,414			3,383
Loss before income taxes	(11,454		)	(4,987		)	(4,492		)	(6,962		)	(1,602		)	(1,529		)	(1,559		)
Income tax benefit (FTE basis)	(3,625		)	(1,901		)	(1,690		)	(1,935		)	(544		)	(532		)	(629		)
Net loss	$	(7,829	)	$	(3,086	)	$	(2,802	)	$	(5,027	)	$	(1,058	)	$	(997	)	$	(930	)
Net interest yield (FTE basis)	3.01		%	2.80		%	2.98		%	3.05		%	2.89		%	2.91		%	2.75		%
Balance Sheet
Average
Total loans and leases	$	88,584		$	91,531		$	88,257		$	88,914		$	89,687		$	88,406		$	90,114
Total earning assets	93,545			103,890			93,797			93,290			98,220			99,759			102,086
Total assets	110,073			125,291			109,588			110,564			113,584			118,226			122,276
Allocated capital (1)	23,000			24,000			23,000			23,000			24,000			24,000			24,000
Period end
Total loans and leases	$	88,156		$	89,257		$	88,156		$	88,355		$	89,753		$	87,586		$	89,257
Total earning assets	92,291			102,211			92,291			92,937			97,163			98,247			102,211
Total assets	107,650			124,032			107,650			112,264			113,386			115,424			124,032
Period end (in billions)
Mortgage serviced portfolio (2)	$	760.0		$	986.4		$	760.0		$	780.0		$	810.0		$	889.4		$	986.4

⁽¹⁾  Allocated capital is a non-GAAP financial measure. The Corporation believes the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾  Includes servicing of residential mortgage loans, home equity lines of credit and home equity loans.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 23

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Year-to-Date Results (1)
(Dollars in millions)
	Six Months Ended June 30, 2014
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	1,398		$	659		$	739
Noninterest income:
Mortgage banking income	1,075			415			660
All other income	109			22			87
Total noninterest income	1,184			437			747
Total revenue, net of interest expense (FTE basis)	2,582			1,096			1,486
Provision for credit losses	5			32			(27		)
Noninterest expense	14,031			1,375			12,656
Loss before income taxes	(11,454		)	(311		)	(11,143		)
Income tax benefit (FTE basis)	(3,625		)	(116		)	(3,509		)
Net loss	$	(7,829	)	$	(195	)	$	(7,634	)
Balance Sheet
Average
Total loans and leases	$	88,584		$	51,183		$	37,401
Total earning assets	93,545			53,601			39,944
Total assets	110,073			53,565			56,508
Allocated capital (2)	23,000			6,000			17,000
Period end
Total loans and leases	$	88,156		$	52,172		$	35,984
Total earning assets	92,291			55,058			37,233
Total assets	107,650			55,002			52,648
	Six Months Ended June 30, 2013
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	1,442		$	691		$	751
Noninterest income:
Mortgage banking income	2,898			1,351			1,547
All other income (loss)	87			(58		)	145
Total noninterest income	2,985			1,293			1,692
Total revenue, net of interest expense (FTE basis)	4,427			1,984			2,443
Provision for credit losses	626			156			470
Noninterest expense	8,788			1,684			7,104
Income (loss) before income taxes	(4,987		)	144			(5,131		)
Income tax expense (benefit) (FTE basis)	(1,901		)	55			(1,956		)
Net income (loss)	$	(3,086	)	$	89		$	(3,175	)
Balance Sheet
Average
Total loans and leases	$	91,531		$	47,048		$	44,483
Total earning assets	103,890			53,743			50,147
Total assets	125,291			54,252			71,039
Allocated capital (2)	24,000			6,000			18,000
Period end
Total loans and leases	$	89,257		$	46,891		$	42,366
Total earning assets	102,211			53,571			48,640
Total assets	124,032			53,674			70,358

For footnotes see page 26.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 24

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Quarterly Results (1)
(Dollars in millions)
	Second Quarter 2014
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	697		$	335		$	362
Noninterest income:
Mortgage banking income	606			237			369
All other income	87			18			69
Total noninterest income	693			255			438
Total revenue, net of interest expense (FTE basis)	1,390			590			800
Provision for credit losses	(20		)	19			(39		)
Noninterest expense	5,902			660			5,242
Loss before income taxes	(4,492		)	(89		)	(4,403		)
Income tax benefit (FTE basis)	(1,690		)	(33		)	(1,657		)
Net loss	$	(2,802	)	$	(56	)	$	(2,746	)
Balance Sheet
Average
Total loans and leases	$	88,257		$	51,553		$	36,704
Total earning assets	93,797			53,934			39,863
Total assets	109,588			53,962			55,626
Allocated capital (2)	23,000			6,000			17,000
Period end
Total loans and leases	$	88,156		$	52,172		$	35,984
Total earning assets	92,291			55,058			37,233
Total assets	107,650			55,002			52,648
	First Quarter 2014
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	701		$	324		$	377
Noninterest income:
Mortgage banking income	469			178			291
All other income	22			4			18
Total noninterest income	491			182			309
Total revenue, net of interest expense (FTE basis)	1,192			506			686
Provision for credit losses	25			13			12
Noninterest expense	8,129			715			7,414
Loss before income taxes	(6,962		)	(222		)	(6,740		)
Income tax benefit (FTE basis)	(1,935		)	(83		)	(1,852		)
Net loss	$	(5,027	)	$	(139	)	$	(4,888	)
Balance Sheet
Average
Total loans and leases	$	88,914		$	50,810		$	38,104
Total earning assets	93,290			53,264			40,026
Total assets	110,564			53,164			57,400
Allocated capital (2)	23,000			6,000			17,000
Period end
Total loans and leases	$	88,355		$	50,954		$	37,401
Total earning assets	92,937			53,796			39,141
Total assets	112,264			53,658			58,606

For footnotes see page 26.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 25

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Quarterly Results (1) (continued)
(Dollars in millions)
	Second Quarter 2013
	Total Consumer Real Estate Services			Home Loans		Legacy Assets & Servicing
Net interest income (FTE basis)	$	699		$	344	$	355
Noninterest income:
Mortgage banking income	1,411			654		757
All other income	5			5		—
Total noninterest income	1,416			659		757
Total revenue, net of interest expense (FTE basis)	2,115			1,003		1,112
Provision for credit losses	291			64		227
Noninterest expense	3,383			862		2,521
Income (loss) before income taxes	(1,559		)	77		(1,636		)
Income tax expense (benefit) (FTE basis)	(629		)	30		(659		)
Net income (loss)	$	(930	)	$	47	$	(977	)
Balance Sheet
Average
Total loans and leases	$	90,114		$	46,870	$	43,244
Total earning assets	102,086			53,739		48,347
Total assets	122,276			54,000		68,276
Allocated capital (2)	24,000			6,000		18,000
Period end
Total loans and leases	$	89,257		$	46,891	$	42,366
Total earning assets	102,211			53,571		48,640
Total assets	124,032			53,674		70,358

⁽¹⁾  Consumer Real Estate Services includes Home Loans and Legacy Assets & Servicing. The results of certain mortgage servicing rights activities, including net hedge results, together with any related assets or liabilities used as economic hedges, are included in Legacy Assets & Servicing.

⁽²⁾  Allocated capital is a non-GAAP financial measure. The Corporation believes the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 26

Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Key Indicators
(Dollars in millions, except as noted)
	Six Months Ended June 30								Second Quarter 2014				First Quarter 2014				Fourth Quarter 2013				Third Quarter 2013				Second Quarter 2013
	2014				2013
Mortgage servicing rights at fair value rollforward
Balance, beginning of period	$	5,042			$	5,716			$	4,577			$	5,042			$	5,058			$	5,827			$	5,776
Net additions (sales)	62				(775		)		32				30				(197		)		(600		)		(715		)
Amortization of expected cash flows (1)	(419		)		(574		)		(209		)		(210		)		(229		)		(240		)		(260		)
Other changes in mortgage servicing rights fair value (2)	(551		)		1,460				(266		)		(285		)		410				71				1,026
Balance, end of period (3)	$	4,134			$	5,827			$	4,134			$	4,577			$	5,042			$	5,058			$	5,827
Capitalized mortgage servicing rights (% of loans serviced for investors)	82			bps	77			bps	82			bps	87			bps	92			bps	82			bps	77			bps
Mortgage loans serviced for investors (in billions)	$	505			$	759			$	505			$	527			$	550			$	616			$	759
Loan production
Total (4)
First mortgage	$	19,949			$	49,196			$	11,099			$	8,850			$	11,624			$	22,601			$	25,276
Home equity	4,587				2,615				2,602				1,985				1,915				1,831				1,497
Consumer Real Estate Services
First mortgage	$	15,163			$	39,778			$	8,461			$	6,702			$	9,303			$	17,833			$	20,509
Home equity	4,187				2,225				2,396				1,791				1,674				1,599				1,283
Mortgage banking income
Production income:
Core production revenue	$	591			$	1,675			$	318			$	273			$	404			$	465			$	860
Representations and warranties provision	(265		)		(447		)		(87		)		(178		)		(70		)		(323		)		(197		)
Total production income	326				1,228				231				95				334				142				663
Servicing income:
Servicing fees	990				1,701				476				514				629				700				785
Amortization of expected cash flows (1)	(419		)		(574		)		(209		)		(210		)		(229		)		(240		)		(260		)
Fair value changes of mortgage servicing rights, net of risk management activities used to hedge certain market risks (5)	171				526				105				66				174				167				215
Other servicing-related revenue	7				17				3				4				5				6				8
Total net servicing income	749				1,670				375				374				579				633				748
Total Consumer Real Estate Services mortgage banking income	1,075				2,898				606				469				913				775				1,411
Other business segments' mortgage banking loss (6)	(136		)		(457		)		(79		)		(57		)		(65		)		(190		)		(233		)
Total consolidated mortgage banking income	$	939			$	2,441			$	527			$	412			$	848			$	585			$	1,178

⁽¹⁾  Represents the net change in fair value of the MSR asset due to the recognition of modeled cash flows.

⁽²⁾  These amounts reflect the changes in modeled mortgage servicing rights fair value primarily due to observed changes in interest rates, volatility, spreads and the shape of the forward swap curve. In addition, these amounts reflect periodic adjustments to the valuation model to reflect changes in the modeled relationship between inputs and their impact on projected cash flows, changes in certain cash flow assumptions such as cost to service and ancillary income per loan, changes in OAS rate inputs and the impact of periodic recalibrations of the model to reflect changes in the relationship between market interest rate spreads and projected cash flows.

⁽³⁾  Does not include certain non-U.S. residential mortgage MSR balances, which are recorded in Global Markets.

⁽⁴⁾  In addition to loan production in Consumer Real Estate Services, the remaining first mortgage and home equity loan production is primarily in GWIM.

⁽⁵⁾  Includes gains and losses on sales of mortgage servicing rights.

⁽⁶⁾  Includes the effect of transfers of mortgage loans from Consumer Real Estate Services to the asset and liability management portfolio included in All Other.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 27

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	2,970		$	3,101		$	1,485		$	1,485		$	1,485		$	1,478		$	1,505
Noninterest income:
Investment and brokerage services	5,246			4,772			2,642			2,604			2,524			2,413			2,441
All other income	920			1,047			462			458			470			499			553
Total noninterest income	6,166			5,819			3,104			3,062			2,994			2,912			2,994
Total revenue, net of interest expense (FTE basis)	9,136			8,920			4,589			4,547			4,479			4,390			4,499
Provision for credit losses	15			7			(8		)	23			26			23			(15		)
Noninterest expense	6,806			6,523			3,447			3,359			3,263			3,248			3,270
Income before income taxes	2,315			2,390			1,150			1,165			1,190			1,119			1,244
Income tax expense (FTE basis)	862			911			426			436			413			399			485
Net income	$	1,453		$	1,479		$	724		$	729		$	777		$	720		$	759
Net interest yield (FTE basis)	2.38		%	2.46		%	2.38		%	2.38		%	2.37		%	2.35		%	2.47		%
Return on average allocated capital (1)	24.53			30.00			24.33			24.74			30.99			28.71			30.59
Efficiency ratio (FTE basis)	74.50			73.12			75.11			73.88			72.85			73.98			72.70
Balance Sheet
Average
Total loans and leases	$	117,235		$	107,845		$	118,512		$	115,945		$	115,546		$	112,752		$	109,589
Total earning assets (2)	251,705			254,155			249,892			253,537			248,156			249,203			244,860
Total assets (2)	270,674			272,966			268,294			273,080			268,683			268,611			263,735
Total deposits	241,409			244,329			240,042			242,792			240,395			239,663			235,344
Allocated capital (1)	12,000			10,000			12,000			12,000			10,000			10,000			10,000
Period end
Total loans and leases	$	120,187		$	111,785		$	120,187		$	116,482		$	115,846		$	114,175		$	111,785
Total earning assets (2)	247,179			244,340			247,179			254,801			254,031			250,677			244,340
Total assets (2)	265,581			263,867			265,581			274,234			274,112			270,484			263,867
Total deposits	237,046			235,012			237,046			244,051			244,901			241,553			235,012

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾ Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 28

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Key Indicators
(Dollars in millions, except as noted)
	Six Months Ended June 30						Second Quarter 2014		First Quarter 2014			Fourth Quarter 2013		Third Quarter 2013		Second Quarter 2013
	2014			2013
Revenues
Merrill Lynch Global Wealth Management	$	7,555		$	7,422		$	3,791	$	3,764		$	3,703	$	3,646	$	3,742
U.S. Trust	1,551			1,461			783		768			762		730		740
Other (1)	30			37			15		15			14		14		17
Total revenues	$	9,136		$	8,920		$	4,589	$	4,547		$	4,479	$	4,390	$	4,499
Client Balances
Client Balances by Business
Merrill Lynch Global Wealth Management	$	2,017,051		$	1,800,151		$	2,017,051	$	1,946,922		$	1,916,803	$	1,853,980	$	1,800,151
U.S. Trust	380,281			351,119			380,281		378,177			376,487		362,791		351,119
Other (1)	70,836			63,781			70,836		70,720			73,148		66,665		63,781
Client Balances by Type
Assets under management	$	878,741		$	743,613		$	878,741	$	841,818		$	821,449	$	779,614	$	743,613
Brokerage assets	1,091,558			992,664			1,091,558		1,054,052			1,045,122		1,013,688		992,664
Assets in custody	137,391			128,854			137,391		136,342			136,190		131,386		128,854
Deposits	237,046			235,012			237,046		244,051			244,901		241,553		235,012
Loans and leases (2)	123,432			114,908			123,432		119,556			118,776		117,195		114,908
Total client balances	$	2,468,168		$	2,215,051		$	2,468,168	$	2,395,819		$	2,366,438	$	2,283,436	$	2,215,051
Assets Under Management Flows
Liquidity assets under management (3)	$	(2,294	)	$	(2,922	)	$	135	$	(2,429	)	$	6,492	$	2,932	$	(695	)
Long-term assets under management (4)	29,252			28,053			11,870		17,382			9,425		10,341		7,692
Total assets under management flows	$	26,958		$	25,131		$	12,005	$	14,953		$	15,917	$	13,273	$	6,997
Associates(5)
Number of Financial Advisors	15,561			15,759			15,561		15,323			15,317		15,624		15,759
Total Wealth Advisors	16,722			16,989			16,722		16,481			16,517		16,846		16,989
Total Client Facing Professionals	19,417			19,679			19,417		19,199			19,217		19,524		19,679
Merrill Lynch Global Wealth Management Metrics
Financial Advisor Productivity (6) (in thousands)	$	1,058		$	991		$	1,060	$	1,056		$	1,039	$	1,000	$	1,012
U.S. Trust Metrics
Client Facing Professionals	2,110			2,074			2,110		2,117			2,091		2,080		2,074

⁽¹⁾  Other includes the results of BofA Global Capital Management and other administrative items.

⁽²⁾  Includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet.

⁽³⁾  Defined as assets under advisory and discretion of GWIM in which the investment strategy seeks a high level of income while maintaining liquidity and capital preservation. The duration of these strategies is primarily less than one year.

⁽⁴⁾  Defined as assets under advisory and discretion of GWIM in which the duration of the investment strategy is longer than one year.

⁽⁵⁾  Includes Financial Advisors in the Consumer & Business Banking segment of 1,716, 1,598, 1,545, 1,585 and 1,587 at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽⁶⁾  Financial Advisor Productivity is defined as annualized Merrill Lynch Global Wealth Management total revenue divided by the total number of Financial Advisors (excluding Financial Advisors in the Consumer & Business Banking segment). Total revenue excludes corporate allocation of net interest income related to certain ALM activities.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 29

Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	4,541		$	4,411		$	2,239		$	2,302		$	2,301		$	2,201		$	2,252
Noninterest income:
Service charges	1,367			1,387			680			687			684			716			701
Investment banking income	1,656			1,582			834			822			958			693			792
All other income	884			788			426			458			360			398			393
Total noninterest income	3,907			3,757			1,940			1,967			2,002			1,807			1,886
Total revenue, net of interest expense (FTE basis)	8,448			8,168			4,179			4,269			4,303			4,008			4,138
Provision for credit losses	397			312			132			265			441			322			163
Noninterest expense	3,927			3,685			1,899			2,028			1,943			1,923			1,849
Income before income taxes	4,124			4,171			2,148			1,976			1,919			1,763			2,126
Income tax expense (FTE basis)	1,535			1,590			795			740			664			626			829
Net income	$	2,589		$	2,581		$	1,353		$	1,236		$	1,255		$	1,137		$	1,297
Net interest yield (FTE basis)	2.63		%	3.18		%	2.58		%	2.68		%	2.71		%	2.87		%	3.17		%
Return on average allocated capital (1)	16.85			22.64			17.51			16.18			21.66			19.63			22.62
Efficiency ratio (FTE basis)	46.48			45.13			45.44			47.50			45.16			47.94			44.71
Balance Sheet
Average
Total loans and leases	$	271,446		$	249,903		$	271,417		$	271,475		$	268,864		$	260,085		$	255,674
Total earnings assets (2)	347,793			280,143			347,661			347,926			336,371			304,726			285,000
Total assets (2)	392,030			322,036			390,997			393,075			379,927			346,412			326,775
Total deposits	257,692			224,132			258,937			256,433			259,193			239,189			226,912
Allocated capital (1)	31,000			23,000			31,000			31,000			23,000			23,000			23,000
Period end
Total loans and leases	$	270,683		$	258,503		$	270,683		$	273,239		$	269,469		$	267,165		$	258,503
Total earnings assets (2)	363,713			292,301			363,713			354,214			336,607			330,006			292,301
Total assets (2)	407,367			334,167			407,367			397,017			378,659			372,490			334,167
Total deposits	270,268			228,934			270,268			257,502			265,171			262,502			228,934

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽²⁾ Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 30

Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Investment Banking fees (1)
Advisory (2)	$	491		$	473		$	234		$	257		$	320		$	226		$	240
Debt issuance	835			833			388			447			443			343			405
Equity issuance	330			276			212			118			195			124			147
Total Investment Banking fees (3)	$	1,656		$	1,582		$	834		$	822		$	958		$	693		$	792
Business Lending
Corporate	$	1,724		$	1,706		$	820		$	904		$	817		$	884		$	855
Commercial	2,014			2,001			1,005			1,009			1,011			960			1,050
Total Business Lending revenue	$	3,738		$	3,707		$	1,825		$	1,913		$	1,828		$	1,844		$	1,905
Global Transaction Services
Corporate	$	1,506		$	1,368		$	766		$	740		$	734		$	713		$	702
Commercial	1,454			1,446			719			735			747			741			733
Total Global Transaction Services revenue	$	2,960		$	2,814		$	1,485		$	1,475		$	1,481		$	1,454		$	1,435
Average deposit balances
Interest-bearing	$	77,790		$	68,584		$	78,010		$	77,568		$	78,229		$	73,011		$	69,362
Noninterest-bearing	179,902			155,548			180,927			178,865			180,964			166,178			157,550
Total average deposits	$	257,692		$	224,132		$	258,937		$	256,433		$	259,193		$	239,189		$	226,912
Loan spread	1.75		%	1.87		%	1.71		%	1.80		%	1.75		%	1.78		%	1.89		%
Provision for credit losses	$	397		$	312		$	132		$	265		$	441		$	322		$	163
Credit quality (4, 5)
Reservable utilized criticized exposure	$	9,467		$	10,632		$	9,467		$	9,512		$	9,357		$	10,111		$	10,632
	3.20		%	3.73		%	3.20		%	3.19		%	3.17		%	3.44		%	3.73		%
Nonperforming loans, leases and foreclosed properties	$	717		$	1,087		$	717		$	650		$	639		$	919		$	1,087
	0.27		%	0.43		%	0.27		%	0.24		%	0.24		%	0.35		%	0.43		%
Average loans and leases by product
U.S. commercial	$	135,721		$	126,324		$	136,193		$	135,245		$	132,263		$	128,601		$	127,742
Commercial real estate	44,124			35,760			43,816			44,436			42,622			39,172			36,685
Commercial lease financing	25,295			24,536			25,165			25,427			25,115			24,846			24,584
Non-U.S. commercial	66,300			63,277			66,238			66,362			68,860			67,459			66,654
Other	6			6			5			5			4			7			9
Total average loans and leases	$	271,446		$	249,903		$	271,417		$	271,475		$	268,864		$	260,085		$	255,674
Total Corporation Investment Banking fees
Advisory (2)	$	551		$	519		$	265		$	286		$	353		$	256		$	262
Debt issuance	1,916			2,009			891			1,025			986			808			987
Equity issuance	827			679			514			313			464			329			356
Total investment banking fees including self-led	3,294			3,207			1,670			1,624			1,803			1,393			1,605
Self-led	(121		)	(116		)	(39		)	(82		)	(65		)	(96		)	(49		)
Total Investment Banking fees	$	3,173		$	3,091		$	1,631		$	1,542		$	1,738		$	1,297		$	1,556

⁽¹⁾  Investment banking fees represent total investment banking fees for Global Banking inclusive of self-led deals and fees included within Business Lending.

⁽²⁾  Advisory includes fees on debt and equity advisory and mergers and acquisitions.

⁽³⁾  Investment banking fees represent only the fee component in Global Banking and do not include certain less significant items shared with the Investment Banking Group under internal revenue sharing agreements.

⁽⁴⁾  Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure is on an end-of-period basis and is also shown as a percentage of total commercial utilized reservable criticized exposure, including loans and leases, standby letters of credit, financial guarantees, commercial letters of credit and bankers' acceptances.

⁽⁵⁾  Nonperforming loans, leases and foreclosed properties are on an end-of-period basis. The nonperforming ratio is nonperforming assets divided by loans, leases and foreclosed properties.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 31

Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings
	Six Months Ended June 30, 2014
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
Net investment banking revenue	3	6.6	%	2	9.9	%
Announced mergers and acquisitions	3	23.2		3	30.3
Equity capital markets	3	7.3		3	11.0
Debt capital markets	5	5.5		2	9.9
High-yield corporate debt	8	5.9		5	8.0
Leveraged loans	2	9.1		2	11.3
Mortgage-backed securities	9	6.5		9	7.1
Asset-backed securities	2	12.9		2	15.2
Convertible debt	4	8.6		4	11.9
Common stock underwriting	2	7.2		2	10.8
Investment-grade corporate debt	2	6.5		2	12.5
Syndicated loans	2	8.9		2	12.9

Source: Dealogic data as of July 1, 2014. Figures above include self-led transactions.

• Rankings based on deal volumes except for net investment banking revenue rankings which reflect fees.

• Debt capital markets excludes loans but includes agencies.

• Mergers and acquisitions fees included in investment banking revenues reflect 10 percent fee credit at announcement and 90 percent fee credit at completion as per Dealogic.

• Mergers and acquisitions volume rankings are for announced transactions and provide credit to all investment banks advising either side of the transaction.

• Each advisor receives full credit for the deal amount unless advising a minor stakeholder.

Highlights

Global top 3 rankings in:
Leveraged loans	Syndicated loans
Asset-backed securities	Announced mergers and acquisitions
Common stock underwriting	Equity capital markets
Investment-grade corporate debt
U.S. top 3 rankings in:
Leveraged loans	Syndicated loans
Asset-backed securities	Announced mergers and acquisitions
Common stock underwriting	Equity capital markets
Investment-grade corporate debt	Debt capital markets

Top 3 rankings excluding self-led deals:

Global: Leveraged loans, Asset-backed securities, Common stock underwriting, Investment-grade corporate debt, Syndicated loans, Announced mergers and acquisitions, Equity capital markets

U.S.: Leveraged loans, Asset-backed securities, Common stock underwriting, Investment-grade corporate debt, Syndicated loans, Announced mergers and acquisitions, Equity capital markets, Debt capital markets

This information is preliminary and based on company data available at the time of the presentation. 32

Bank of America Corporation and Subsidiaries
Global Markets Segment Results (1)
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	1,949		$	2,117		$	952		$	997		$	1,138		$	969		$	1,009
Noninterest income:
Investment and brokerage services	1,101			1,077			540			561			489			480			549
Investment banking fees	1,496			1,347			760			736			755			622			668
Trading account profits	4,135			4,738			1,768			2,367			795			1,201			1,848
All other income (loss)	914			(306		)	563			351			21			(53		)	120
Total noninterest income	7,646			6,856			3,631			4,015			2,060			2,250			3,185
Total revenue, net of interest expense (FTE basis) (2)	9,595			8,973			4,583			5,012			3,198			3,219			4,194
Provision for credit losses	38			(11		)	19			19			104			47			(16		)
Noninterest expense	5,939			5,843			2,862			3,077			3,275			2,881			2,770
Income (loss) before income taxes	3,618			3,141			1,702			1,916			(181		)	291			1,440
Income tax expense (benefit) (FTE basis)	1,209			1,067			601			608			(133		)	1,166			478
Net income (loss)	$	2,409		$	2,074		$	1,101		$	1,308		$	(48	)	$	(875	)	$	962
Return on average allocated capital (3)	14.32		%	13.97		%	13.01		%	15.64		%	n/m			n/m			12.89		%
Efficiency ratio (FTE basis)	61.90			65.12			62.45			61.39			102.40		%	89.52		%	66.05
Balance Sheet
Average
Total trading-related assets (4)	$	448,596		$	497,582		$	459,938		$	437,128		$	438,909		$	442,597		$	490,972
Total loans and leases	63,637			54,529			63,579			63,696			66,496			64,491			56,354
Total earning assets (4)	467,594			504,450			478,192			456,879			458,955			458,626			499,338
Total assets	609,315			663,021			617,103			601,439			603,005			602,521			656,109
Allocated capital (3)	34,000			30,000			34,000			34,000			30,000			30,000			30,000
Period end
Total trading-related assets (4)	$	443,386		$	446,505		$	443,386		$	430,894		$	411,080		$	438,137		$	446,505
Total loans and leases	66,260			63,127			66,260			64,598			67,381			68,662			63,127
Total earning assets (4)	465,383			465,153			465,383			455,103			432,807			464,600			465,153
Total assets	610,395			608,760			610,395			594,815			575,584			601,034			608,760
Trading-related assets (average)
Trading account securities	$	201,996		$	230,589		$	200,725		$	203,281		$	209,734		$	193,107		$	225,796
Reverse repurchases	114,576			154,188			119,823			109,271			114,417			128,427			150,568
Securities borrowed	88,024			60,134			94,989			80,981			67,862			73,820			62,813
Derivative assets	44,000			52,671			44,401			43,595			46,896			47,243			51,795
Total trading-related assets (4)	$	448,596		$	497,582		$	459,938		$	437,128		$	438,909		$	442,597		$	490,972

⁽¹⁾  In 2014, the results for structured liabilities including debit valuation adjustment were moved into Global Markets from All Other to better align the performance and risk management of these instruments. As such, net debit valuation adjustment in Global Markets represents the combined total of net debit valuation adjustment on derivatives and structured liabilities. Prior periods have been reclassified to conform to current period presentation.

⁽²⁾  Substantially all of Global Markets total revenue is sales and trading revenue and investment banking fees, with a small portion related to certain revenue sharing agreements with other business segments. For additional sales and trading revenue information, see page 34.

⁽³⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return are non-GAAP financial measures. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 48-51.)

⁽⁴⁾  Trading-related assets include derivative assets, which are considered non-earning assets.

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 33

Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Six Months Ended June 30					Second Quarter 2014		First Quarter 2014		Fourth Quarter 2013		Third Quarter 2013			Second Quarter 2013
	2014		2013
Sales and trading revenue (1)
Fixed income, currency and commodities	$	5,452	$	5,067		$	2,426	$	3,026	$	1,540	$	1,636		$	2,216
Equities	2,230		2,433			1,045		1,185		815		918			1,280
Total sales and trading revenue	$	7,682	$	7,500		$	3,471	$	4,211	$	2,355	$	2,554		$	3,496
Sales and trading revenue, excluding net debit valuation adjustment (2)
Fixed income, currency and commodities	$	5,316	$	5,252		$	2,370	$	2,946	$	2,076	$	2,029		$	2,253
Equities	2,185		2,344			1,032		1,153		897		969			1,194
Total sales and trading revenue, excluding net debit valuation adjustment	$	7,501	$	7,596		$	3,402	$	4,099	$	2,973	$	2,998		$	3,447
Sales and trading revenue breakdown
Net interest income	$	1,775	$	1,944		$	866	$	909	$	1,054	$	892		$	925
Commissions	1,101		1,077			540		561		489		480			549
Trading	4,135		4,738			1,768		2,367		795		1,201			1,848
Other	671		(259		)	297		374		17		(19		)	174
Total sales and trading revenue	$	7,682	$	7,500		$	3,471	$	4,211	$	2,355	$	2,554		$	3,496

⁽¹⁾  Includes Global Banking sales and trading revenue of $153 million and $210 million for the six months ended June 30, 2014 and 2013; $68 million and $84 million for the second and first quarters of 2014, and $66 million, $108 million and $143 million for the fourth, third and second quarters of 2013, respectively.

⁽²⁾  For this presentation, sales and trading revenue excludes net debit valuation adjustment gains (losses) which include net debit valuation adjustment on derivatives and structured liabilities. Sales and trading revenue excluding net debit valuation adjustment gains (losses) represents a non-GAAP financial measure.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 34

Bank of America Corporation and Subsidiaries
All Other Results (1)
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Net interest income (FTE basis)	$	(226	)	$	528		$	(76	)	$	(150	)	$	411		$	42		$	272
Noninterest income:
Card income	174			166			88			86			83			79			81
Equity investment income	730			1,096			56			674			393			1,122			576
Gains on sales of debt securities	739			519			382			357			363			347			452
All other loss	(1,262		)	(1,286		)	(604		)	(658		)	(739		)	(565		)	(812		)
Total noninterest income	381			495			(78		)	459			100			983			297
Total revenue, net of interest expense (FTE basis)	155			1,023			(154		)	309			511			1,025			569
Provision for credit losses	(381		)	71			(246		)	(135		)	(188		)	(549		)	(179		)
Noninterest expense	2,113			2,330			431			1,682			1,012			940			562
Income (loss) before income taxes	(1,577		)	(1,378		)	(339		)	(1,238		)	(313		)	634			186
Income tax benefit (FTE basis)	(1,516		)	(992		)	(466		)	(1,050		)	(848		)	(101		)	(347		)
Net income (loss)	$	(61	)	$	(386	)	$	127		$	(188	)	$	535		$	735		$	533
Balance Sheet
Average
Total loans and leases	$	213,965		$	241,748		$	210,575		$	217,391		$	226,027		$	232,525		$	238,910
Total assets (2)	170,699			240,677			175,720			165,622			179,545			203,750			231,498
Total deposits	35,119			34,883			35,851			34,381			34,247			35,420			34,017
Period end
Total loans and leases	$	205,471		$	234,047		$	205,471		$	213,416		$	220,690		$	229,547		$	234,047
Total assets (3)	167,364			204,839			167,364			158,348			167,433			178,500			204,839
Total deposits	31,999			34,858			31,999			32,818			27,851			30,909			34,858

⁽¹⁾  All Other consists of ALM activities, equity investments, the international consumer card business, liquidating businesses, residual expense allocations and other. ALM activities encompass the whole-loan residential mortgage portfolio and investment securities, interest rate and foreign currency risk management activities including the residual net interest income allocation, the impact of certain allocation methodologies and accounting hedge ineffectiveness. The results of certain ALM activities are allocated to our business segments. Equity investments include Global Principal Investments which is comprised of a portfolio of equity, real estate and other alternative investments. These investments are made either directly in a company or held through a fund with related income recorded in equity investment income. Additionally, All Other includes certain residential mortgage loans that are managed by Legacy Assets & Servicing. In 2014, the management of structured liabilities and the associated debit valuation adjustment (previously referred to as fair value adjustments on structured liabilities) were moved into Global Markets from All Other to better align the performance risk of these instruments. Prior periods have been reclassified to conform to current period presentation.

⁽²⁾  Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $589.2 billion and $525.3 billion for the six months ended June 30, 2014 and 2013; $593.1 billion, $585.3 billion, $564.1 billion, $540.5 billion and $524.5 billion for the second and first quarters of 2014, and the fourth, third and second quarters of 2013, respectively.

⁽³⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $608.8 billion, $609.2 billion, $569.9 billion, $557.5 billion and $529.0 billion at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 35

Bank of America Corporation and Subsidiaries
Equity Investments
(Dollars in millions)
	Equity Investments Exposures
	June 30, 2014						March 31 2014
	Book Value		Unfunded Commitments		Total		Total
Equity Investments:
Global Principal Investments	$	1,136	$	54	$	1,190	$	1,370
Strategic and other investments	827		18		845		874
Total Equity Investments	$	1,963	$	72	$	2,035	$	2,244

Components of Equity Investment Income
(Dollars in millions)
	Six Months Ended June 30				Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013		Third Quarter 2013		Second Quarter 2013
	2014		2013
Global Principal Investments	$	43	$	156	$	71		$	(28	)	$	101	$	122	$	52
Strategic and other investments	687		940		(15		)	702			292		1,000		524
Total equity investment income included in All Other	730		1,096		56			674			393		1,122		576
Total equity investment income included in the business segments	411		147		301			110			81		62		104
Total consolidated equity investment income	$	1,141	$	1,243	$	357		$	784		$	474	$	1,184	$	680

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 36

Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	June 30 2014		March 31 2014		June 30 2013
Consumer
Residential mortgage (1)	$	237,136	$	242,977	$	253,959
Home equity	89,499		91,476		100,011
U.S. credit card	89,020		87,692		90,523
Non-U.S. credit card	11,999		11,563		10,340
Direct/Indirect consumer (2)	82,586		81,552		83,358
Other consumer (3)	2,079		1,980		1,803
Total consumer loans excluding loans accounted for under the fair value option	512,319		517,240		539,994
Consumer loans accounted for under the fair value option (4)	2,154		2,149		1,052
Total consumer	514,473		519,389		541,046
Commercial
U.S. commercial (5)	231,622		228,795		219,367
Commercial real estate (6)	46,815		48,840		42,126
Commercial lease financing	24,565		24,649		23,912
Non-U.S. commercial	85,677		85,630		86,710
Total commercial loans excluding loans accounted for under the fair value option	388,679		387,914		372,115
Commercial loans accounted for under the fair value option (4)	8,747		8,914		8,409
Total commercial	397,426		396,828		380,524
Total loans and leases	$	911,899	$	916,217	$	921,570

⁽¹⁾  Includes pay option loans of $3.7 billion, $3.8 billion and $5.8 billion and non-U.S. residential mortgage loans of $3 million, $0 and $83 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. The Corporation no longer originates pay option loans.

⁽²⁾  Includes dealer financial services loans of $37.7 billion, $38.0 billion and $36.8 billion, unsecured consumer lending loans of $2.0 billion, $2.3 billion and $3.6 billion, U.S. securities-based lending loans of $33.8 billion, $31.8 billion and $30.0 billion, non-U.S. consumer loans of $4.4 billion, $4.6 billion and $7.5 billion, student loans of $3.8 billion, $3.9 billion and $4.4 billion and other consumer loans of $937 million, $899 million and $1.1 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽³⁾  Includes consumer finance loans of $1.1 billion, $1.1 billion and $1.3 billion, consumer leases of $819 million, $701 million and $351 million, consumer overdrafts of $170 million, $137 million and $149 million and other non-U.S. consumer loans of $3 million, $5 million and $5 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁴⁾  Consumer loans accounted for under the fair value option were residential mortgage loans of $2.0 billion, $2.0 billion and $1.1 billion and home equity loans of $170 million, $152 million and $0 at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Commercial loans accounted for under the fair value option were U.S. commercial loans of $1.3 billion, $1.4 billion and $2.0 billion and non-U.S. commercial loans of $7.4 billion, $7.5 billion and $6.4 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁵⁾  Includes U.S. small business commercial loans, including card-related products, of $13.5 billion, $13.4 billion and $12.4 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁶⁾  Includes U.S. commercial real estate loans of $45.5 billion, $47.1 billion and $40.3 billion and non-U.S. commercial real estate loans of $1.3 billion, $1.7 billion and $1.8 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 37

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment
(Dollars in millions)
	Second Quarter 2014
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	243,405	$	761	$	5,935	$	48,855	$	—	$	—	$	187,854
Home equity	90,729		151		82,240		6,578		—		160		1,600
U.S. credit card	88,058		84,849		—		3,209		—		—		—
Non-U.S. credit card	11,759		—		—		—		—		—		11,759
Direct/Indirect consumer	82,102		40,026		47		37,348		—		12		4,669
Other consumer	2,012		890		—		9		5		—		1,108
Total consumer	518,065		126,677		88,222		95,999		5		172		206,990
Commercial
U.S. commercial	230,487		32,900		35		20,688		136,193		35,906		4,765
Commercial real estate	48,315		651		—		1,672		43,816		1,937		239
Commercial lease financing	24,409		—		—		4		25,165		743		(1,503		)
Non-U.S. commercial	91,304		12		—		149		66,238		24,821		84
Total commercial	394,515		33,563		35		22,513		271,412		63,407		3,585
Total loans and leases	$	912,580	$	160,240	$	88,257	$	118,512	$	271,417	$	63,579	$	210,575
	First Quarter 2014
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	247,556	$	727	$	4,602	$	48,236	$	—	$	—	$	193,991
Home equity	92,759		148		84,217		6,696		—		168		1,530
U.S. credit card	89,545		86,270		—		3,260		—		—		15
Non-U.S. credit card	11,554		—		—		—		—		—		11,554
Direct/Indirect consumer	81,728		40,758		47		35,800		1		45		5,077
Other consumer	1,962		790		—		5		4		—		1,163
Total consumer	525,104		128,693		88,866		93,997		5		213		213,330
Commercial
U.S. commercial	228,058		32,636		48		20,094		135,245		34,719		5,316
Commercial real estate	48,753		723		—		1,698		44,436		1,625		271
Commercial lease financing	24,727		—		—		4		25,427		836		(1,540		)
Non-U.S. commercial	92,840		9		—		152		66,362		26,303		14
Total commercial	394,378		33,368		48		21,948		271,470		63,483		4,061
Total loans and leases	$	919,482	$	162,061	$	88,914	$	115,945	$	271,475	$	63,696	$	217,391
	Second Quarter 2013
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	257,275	$	564	$	2,254	$	43,234	$	—	$	86	$	211,137
Home equity	101,708		147		87,749		12,254		—		78		1,480
U.S. credit card	89,722		89,722		—		—		—		—		—
Non-U.S. credit card	10,613		—		—		—		—		—		10,613
Direct/Indirect consumer	82,485		40,187		50		33,390		—		24		8,834
Other consumer	1,756		420		—		7		9		—		1,320
Total consumer	543,559		131,040		90,053		88,885		9		188		233,384
Commercial
U.S. commercial	217,464		31,183		60		19,099		127,742		32,776		6,604
Commercial real estate	40,612		1,359		1		1,417		36,685		694		456
Commercial lease financing	23,579		—		—		4		24,584		618		(1,627		)
Non-U.S. commercial	89,020		11		—		184		66,654		22,078		93
Total commercial	370,675		32,553		61		20,704		255,665		56,166		5,526
Total loans and leases	$	914,234	$	163,593	$	90,114	$	109,589	$	255,674	$	56,354	$	238,910

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 38

Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry (1, 2, 3)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	June 30 2014		March 31 2014		June 30 2013		June 30 2014			March 31 2014			June 30 2013
Diversified financials	$	72,302	$	69,137	$	72,498	$	120,705		$	111,172		$	108,601
Real estate (4)	52,982		55,613		49,564		74,535			77,337			70,162
Healthcare equipment and services	32,410		31,854		29,327		55,737			48,681			46,418
Retailing	33,941		33,836		31,051		54,983			53,902			51,906
Capital goods	28,921		28,012		26,737		53,444			52,356			50,699
Banking	42,543		42,296		47,724		51,100			49,821			56,195
Government and public education	40,174		40,435		39,260		47,613			48,175			47,871
Materials	23,292		23,163		22,831		42,809			42,291			43,369
Energy	20,744		19,835		21,052		40,826			39,846			41,133
Consumer services	21,414		21,147		21,721		34,391			34,010			34,743
Food, beverage and tobacco	15,357		15,359		14,704		31,792			31,379			31,488
Commercial services and supplies	19,259		19,448		18,932		31,013			31,529			30,478
Utilities	9,898		9,404		8,811		26,549			25,346			23,660
Transportation	16,227		15,351		15,492		23,787			22,425			22,716
Media	11,801		13,066		13,249		23,283			23,880			21,824
Individuals and trusts	15,790		15,159		14,367		19,811			18,743			18,081
Technology hardware and equipment	6,883		6,051		4,840		13,428			12,697			11,289
Software and services	6,296		6,667		6,389		13,360			13,933			13,417
Pharmaceuticals and biotechnology	4,534		6,052		4,243		13,221			13,111			11,473
Insurance, including monolines	4,827		5,473		5,880		11,075			11,744			12,315
Consumer durables and apparel	5,793		5,797		5,404		10,274			10,002			9,942
Telecommunication services	4,269		4,654		3,871		10,207			10,328			10,588
Automobiles and components	3,446		3,303		3,263		9,000			8,601			8,262
Food and staples retailing	4,079		4,083		4,363		7,831			7,779			7,848
Religious and social organizations	5,144		5,404		5,895		6,965			7,384			7,824
Other	5,544		5,167		5,678		8,686			8,097			8,550
Total commercial credit exposure by industry	$	507,870	$	505,766	$	497,146	$	836,425		$	814,569		$	800,852
Net credit default protection purchased on total commitments (5)							$	(8,678	)	$	(8,341	)	$	(11,060	)

⁽¹⁾  Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers' acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by the amount of cash collateral applied of $41.2 billion, $42.8 billion and $50.5 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Not reflected in utilized and committed exposure is additional derivative collateral held of $16.3 billion, $16.1 billion and $18.4 billion, which consists primarily of other marketable securities, at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽²⁾  Total commercial utilized and total commercial committed exposure includes loans and letters of credit accounted for under the fair value option and are comprised of loans outstanding of $8.7 billion, $8.9 billion and $8.4 billion and issued letters of credit at notional value of $553 million, $576 million and $563 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. In addition, total commercial committed exposure includes unfunded loan commitments at notional value of $9.5 billion, $11.3 billion and $15.3 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽³⁾  Includes U.S. small business commercial exposure.

⁽⁴⁾  Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based on the borrowers' or counterparties' primary business activity using operating cash flows and primary source of repayment as key factors.

⁽⁵⁾  Represents net notional credit protection purchased.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 39

Bank of America Corporation and Subsidiaries
Net Credit Default Protection by Maturity Profile (1)
	June 30 2014		March 31 2014
Less than or equal to one year	40	%	32	%
Greater than one year and less than or equal to five years	58		64
Greater than five years	2		4
Total net credit default protection	100	%	100	%

⁽¹⁾  To mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of maturities for net credit default protection purchased is shown above.

Net Credit Default Protection by Credit Exposure Debt Rating (1)
(Dollars in millions)
	June 30, 2014					March 31, 2014
Ratings (2, 3)	Net Notional (4)			Percent of Total		Net Notional (4)			Percent of Total
AA	$	(77	)	0.9	%	$	(42	)	0.5	%
A	(1,890		)	21.8		(2,173		)	26.1
BBB	(4,885		)	56.3		(4,379		)	52.5
BB	(1,089		)	12.5		(1,082		)	13.0
B	(634		)	7.3		(571		)	6.8
CCC and below	(125		)	1.4		(130		)	1.6
NR (5)	22			(0.2	)	36			(0.5	)
Total net credit default protection	$	(8,678	)	100.0	%	$	(8,341	)	100.0	%

⁽¹⁾  To mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of debt rating for net notional credit default protection purchased is shown as a negative and the net notional credit protection sold is shown as a positive amount.

⁽²⁾  Ratings are refreshed on a quarterly basis.

⁽³⁾  Ratings of BBB- or higher are considered to meet the definition of investment grade.

⁽⁴⁾  Represents net credit default protection (purchased) sold.

⁽⁵⁾  NR is comprised of index positions held and any names that have not been rated.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 40

Bank of America Corporation and Subsidiaries
Top 20 Non-U.S. Countries Exposure
(Dollars in millions)
	Funded Loans and Loan Equivalents (1)		Unfunded Loan Commitments		Net Counterparty Exposure (2)		Securities/ Other Investments (3)		Country Exposure at June 30 2014		Hedges and Credit Default Protection (4)			Net Country Exposure at June 30 2014 (5)		Increase (Decrease) from March 31 2014
United Kingdom	$	24,394	$	14,519	$	5,603	$	6,626	$	51,142	$	(3,945	)	$	47,197	$	(105	)
Canada	5,716		6,818		1,594		5,565		19,693		(1,580		)	18,113		(1,175		)
China	10,866		701		588		1,960		14,115		(335		)	13,780		736
France	2,862		6,248		1,218		7,221		17,549		(4,265		)	13,284		463
Germany	4,597		5,392		2,187		5,103		17,279		(4,030		)	13,249		(364		)
Brazil	8,809		620		274		2,865		12,568		(392		)	12,176		(741		)
India	6,016		488		279		3,995		10,778		(61		)	10,717		317
Australia	3,648		3,215		453		2,377		9,693		(499		)	9,194		892
Netherlands	3,090		3,665		529		1,798		9,082		(1,436		)	7,646		(288		)
South Korea	4,061		909		638		2,216		7,824		(543		)	7,281		582
Hong Kong	5,359		345		107		914		6,725		(61		)	6,664		(222		)
Japan	4,143		477		677		1,990		7,287		(1,245		)	6,042		1,791
Switzerland	2,474		2,937		757		565		6,733		(1,305		)	5,428		70
Singapore	1,975		2,053		106		1,271		5,405		(77		)	5,328		503
Italy	2,849		2,008		1,964		729		7,550		(3,349		)	4,201		(290		)
Taiwan	2,535		—		93		1,363		3,991		(4		)	3,987		(217		)
Russian Federation	5,367		90		201		30		5,688		(1,752		)	3,936		(1,277		)
Mexico	3,334		645		149		99		4,227		(400		)	3,827		64
Spain	2,902		834		263		673		4,672		(1,017		)	3,655		698
Turkey	1,939		97		13		169		2,218		(11		)	2,207		(180		)
Total top 20 non-U.S. countries exposure	$	106,936	$	52,061	$	17,693	$	47,529	$	224,219	$	(26,307	)	$	197,912	$	1,257

⁽¹⁾  Includes loans, leases and other extensions of credit and funds, including letters of credit and due from placements, which have not been reduced by collateral, hedges or credit default protection. Funded loans and loan equivalents are reported net of charge-offs but prior to any allowance for loan and lease losses.

⁽²⁾  Net counterparty exposure includes the fair value of derivatives, including the counterparty risk associated with credit default swaps and secured financing transactions. Derivative exposures are presented net of $33.7 billion in collateral, which is predominantly cash, pledged under legally enforceable master netting agreements. Secured financing transaction exposures are presented net of eligible cash or securities pledged as collateral. The notional amount of reverse repurchase transactions was $103.1 billion. Counterparty exposure is not presented net of hedges or credit default protection.

⁽³⁾  Long securities exposures are netted on a single-name basis to, but not below, zero by short exposures and net credit default swaps purchased, consisting of single-name and net indexed and tranched credit default swaps.

⁽⁴⁾  Represents credit default protection purchased, net of credit default protection sold, which is used to mitigate the Corporation's risk to country exposures as listed, consisting of net single-name and net indexed and tranched credit default swaps. Amounts are calculated based on the credit default swaps notional amount assuming a zero recovery rate less any fair value receivable or payable.

⁽⁵⁾  Represents country exposure less hedges and credit default protection purchased, net of credit default protection sold.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 41

Bank of America Corporation and Subsidiaries
Select European Countries
(Dollars in millions)
	Funded Loans and Loan Equivalents (1)		Unfunded Loan Commitments		Net Counterparty Exposure (2)		Securities/ Other Investments (3)		Country Exposure at June 30 2014		Hedges and Credit Default Protection (4)			Net Country Exposure at June 30  2014 (5)			Increase (Decrease) from March 31 2014
Greece
Sovereign	$	—	$	—	$	—	$	73	$	73	$	—		$	73		$	46
Financial institutions	—		—		4		22		26		(11		)	15			30
Corporates	11		13		—		39		63		(28		)	35			(78		)
Total Greece	$	11	$	13	$	4	$	134	$	162	$	(39	)	$	123		$	(2	)
Ireland
Sovereign	$	20	$	—	$	17	$	—	$	37	$	(14	)	$	23		$	(58	)
Financial institutions	765		52		139		95		1,051		(17		)	1,034			80
Corporates	411		522		72		51		1,056		(22		)	1,034			190
Total Ireland	$	1,196	$	574	$	228	$	146	$	2,144	$	(53	)	$	2,091		$	212
Italy
Sovereign	$	18	$	—	$	1,619	$	364	$	2,001	$	(1,639	)	$	362		$	(650	)
Financial institutions	1,498		3		216		54		1,771		(922		)	849			198
Corporates	1,333		2,005		129		311		3,778		(788		)	2,990			162
Total Italy	$	2,849	$	2,008	$	1,964	$	729	$	7,550	$	(3,349	)	$	4,201		$	(290	)
Portugal
Sovereign	$	—	$	—	$	21	$	45	$	66	$	(27	)	$	39		$	(87	)
Financial institutions	5		—		5		20		30		(7		)	23			59
Corporates	27		28		—		79		134		(180		)	(46		)	(72		)
Total Portugal	$	32	$	28	$	26	$	144	$	230	$	(214	)	$	16		$	(100	)
Spain
Sovereign	$	36	$	—	$	68	$	11	$	115	$	(90	)	$	25		$	209
Financial institutions	1,124		—		136		136		1,396		(125		)	1,271			267
Corporates	1,742		834		59		526		3,161		(802		)	2,359			222
Total Spain	$	2,902	$	834	$	263	$	673	$	4,672	$	(1,017	)	$	3,655		$	698
Total
Sovereign	$	74	$	—	$	1,725	$	493	$	2,292	$	(1,770	)	$	522		$	(540	)
Financial institutions	3,392		55		500		327		4,274		(1,082		)	3,192			634
Corporates	3,524		3,402		260		1,006		8,192		(1,820		)	6,372			424
Total select European exposure	$	6,990	$	3,457	$	2,485	$	1,826	$	14,758	$	(4,672	)	$	10,086		$	518

⁽¹⁾  Includes loans, leases and other extensions of credit and funds, including letters of credit and due from placements, which have not been reduced by collateral, hedges or credit default protection. Funded loans and loan equivalents are reported net of charge-offs but prior to any allowance for loan and lease losses.

⁽²⁾  Net counterparty exposure includes the fair value of derivatives, including the counterparty risk associated with credit default swaps, and secured financing transactions. Derivative exposures are presented net of $1.7 billion in collateral, which is predominantly cash, pledged under legally enforceable master netting agreements. Secured financing transaction exposures are presented net of eligible cash or securities pledged as collateral. The notional amount of reverse repurchase transactions was $7.2 billion. Counterparty exposure is not presented net of hedges or credit default protection.

⁽³⁾  Long securities exposures are netted on a single-name basis to, but not below, zero by short exposures of $3.8 billion and net credit default swaps purchased of $951 million, consisting of $663 million of net single-name credit default swaps purchased and $288 million of net indexed and tranched credit default swaps sold.

⁽⁴⁾  Represents credit default protection purchased, net of credit default protection sold, which is used to mitigate the Corporation's risk to country exposures as listed, includes $2.9 billion to hedge loans and securities, consisting of $1.5 billion in net single-name credit default swaps purchased and $1.4 billion in net indexed and tranched credit default swaps purchased, $1.8 billion in additional credit default protection purchased to hedge derivative assets and $131 million in other short exposures. Amounts are calculated based on the credit default swaps notional amount assuming a zero recovery rate less any fair value receivable or payable.

⁽⁵⁾  Represents country exposure less hedges and credit default protection purchased, net of credit default protection sold.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 42

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	June 30 2014			March 31 2014			December 31 2013			September 30 2013			June 30 2013
Residential mortgage	$	9,235		$	11,611		$	11,712		$	13,328		$	14,316
Home equity	4,181			4,185			4,075			4,176			4,151
Direct/Indirect consumer	29			32			35			59			72
Other consumer	15			16			18			18			1
Total consumer	13,460			15,844			15,840			17,581			18,540
U.S. commercial	849			841			819			1,059			1,279
Commercial real estate	252			300			322			488			627
Commercial lease financing	8			10			16			49			10
Non-U.S. commercial	7			18			64			86			80
	1,116			1,169			1,221			1,682			1,996
U.S. small business commercial	100			96			88			103			107
Total commercial	1,216			1,265			1,309			1,785			2,103
Total nonperforming loans and leases	14,676			17,109			17,149			19,366			20,643
Foreclosed properties (1)	624			623			623			662			637
Total nonperforming loans, leases and foreclosed properties (2, 3, 4)	$	15,300		$	17,732		$	17,772		$	20,028		$	21,280
Fully-insured home loans past due 30 days or more and still accruing	$	17,347		$	18,098		$	20,681		$	21,797		$	24,072
Consumer credit card past due 30 days or more and still accruing	1,923			2,115			2,321			2,376			2,487
Other loans past due 30 days or more and still accruing	4,064			5,472			5,416			5,512			5,587
Total loans past due 30 days or more and still accruing (3, 5, 6)	$	23,334		$	25,685		$	28,418		$	29,685		$	32,146
Fully-insured home loans past due 90 days or more and still accruing	$	14,137		$	15,125		$	16,961		$	17,960		$	20,604
Consumer credit card past due 90 days or more and still accruing	990			1,090			1,184			1,191			1,325
Other loans past due 90 days or more and still accruing	523			649			614			723			662
Total loans past due 90 days or more and still accruing (3, 5, 6)	$	15,650		$	16,864		$	18,759		$	19,874		$	22,591
Nonperforming loans, leases and foreclosed properties/Total assets (7)	0.71		%	0.83		%	0.85		%	0.95		%	1.01		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (7)	1.70			1.96			1.93			2.17			2.33
Nonperforming loans and leases/Total loans and leases (7)	1.63			1.89			1.87			2.10			2.26
Commercial utilized reservable criticized exposure (8)	$	12,430		$	12,781		$	12,861		$	14,086		$	14,928
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure (8)	2.92		%	3.01		%	3.02		%	3.31		%	3.62		%
Total commercial utilized criticized exposure/Commercial utilized exposure (8)	3.15			3.21			3.08			3.48			3.64

⁽¹⁾  Foreclosed property balances do not include loans that are insured by the Federal Housing Administration and have entered foreclosure of $1.1 billion, $1.1 billion, $1.4 billion, $1.6 billion and $1.6 billion at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽²⁾  Balances do not include past due consumer credit card, consumer loans secured by real estate where repayments are insured by the Federal Housing Administration and individually insured long-term stand-by agreements (fully-insured home loans), and in general, other consumer and commercial loans not secured by real estate.

⁽³⁾  Balances do not include purchased credit-impaired loans even though the customer may be contractually past due. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

(4) Balances do not include the following:	June 30 2014		March 31 2014		December 31 2013		September 30 2013		June 30 2013
Nonperforming loans held-for-sale	$	598	$	293	$	672	$	972	$	891
Nonperforming loans accounted for under the fair value option	427		431		448		467		398
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	140		257		260		356		485

⁽⁵⁾  Balances do not include loans held-for-sale past due 30 days or more and still accruing of $37 million, $80 million, $106 million, $301 million and $374 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively, and loans held-for-sale past due 90 days or more and still accruing of $0, $6 million, $8 million, $0 and $17 million at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively. At June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, there were $153 million, $129 million, $158 million, $153 million and $81 million, respectively, of loans accounted for under the fair value option past due 30 days or more and still accruing interest.

⁽⁶⁾  These balances are excluded from total nonperforming loans, leases and foreclosed properties.

⁽⁷⁾  Total assets and total loans and leases do not include loans accounted for under the fair value option of $10.9 billion, $11.1 billion, $10.0 billion, $10.2 billion and $9.5 billion at June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽⁸⁾  Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure excludes loans held-for-sale, exposure accounted for under the fair value option and other nonreservable exposure.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 43

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	15,844		$	15,840		$	17,581		$	18,540		$	19,282
Additions to nonperforming loans and leases:
New nonperforming loans and leases	1,825			2,027			2,199			2,503			2,289
Reductions to nonperforming loans and leases:
Paydowns and payoffs	(325		)	(468		)	(863		)	(544		)	(695		)
Sales	(1,825		)	—			(729		)	(624		)	(175		)
Returns to performing status (2)	(939		)	(800		)	(1,112		)	(1,079		)	(1,139		)
Charge-offs (3)	(640		)	(583		)	(752		)	(758		)	(932		)
Transfers to foreclosed properties	(157		)	(172		)	(147		)	(131		)	(90		)
Transfers to loans held-for-sale	(323		)	—			(337		)	(326		)	—
Total net additions (reductions) to nonperforming loans and leases	(2,384		)	4			(1,741		)	(959		)	(742		)
Total nonperforming consumer loans and leases, end of period	13,460			15,844			15,840			17,581			18,540
Foreclosed properties	547			538			533			546			508
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	14,007		$	16,382		$	16,373		$	18,127		$	19,048
Nonperforming Commercial Loans and Leases (4):
Balance, beginning of period	$	1,265		$	1,309		$	1,785		$	2,103		$	2,734
Additions to nonperforming loans and leases:
New nonperforming loans and leases	275			262			143			350			269
Advances	1			8			12			9			3
Reductions to nonperforming loans and leases:
Paydowns	(183		)	(171		)	(322		)	(380		)	(312		)
Sales	(29		)	(27		)	(92		)	(88		)	(171		)
Return to performing status (5)	(41		)	(63		)	(87		)	(91		)	(243		)
Charge-offs	(71		)	(50		)	(98		)	(104		)	(170		)
Transfers to foreclosed properties	(1		)	(3		)	(12		)	(14		)	(7		)
Transfers to loans held-for-sale	—			—			(20		)	—			—
Total net reductions to nonperforming loans and leases	(49		)	(44		)	(476		)	(318		)	(631		)
Total nonperforming commercial loans and leases, end of period	1,216			1,265			1,309			1,785			2,103
Foreclosed properties	77			85			90			116			129
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	1,293		$	1,350		$	1,399		$	1,901		$	2,232

⁽¹⁾  For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 43.

⁽²⁾  Consumer loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Certain troubled debt restructurings are classified as nonperforming at the time of restructuring and may only be returned to performing status after considering the borrower's sustained repayment performance for a reasonable period, generally six months.

⁽³⁾  Our policy is not to classify consumer credit card and non-bankruptcy related consumer loans not secured by real estate as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and, accordingly, are excluded from this table.

⁽⁴⁾  Includes U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

⁽⁵⁾  Commercial loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Troubled debt restructurings are generally classified as performing after a sustained period of demonstrated payment performance.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 44

Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Second Quarter 2014					First Quarter 2014					Fourth Quarter 2013					Third Quarter 2013					Second Quarter 2013
Net Charge-offs	Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
Residential mortgage (3)	$	(35	)	(0.06	)%	$	127		0.21	%	$	209		0.33	%	$	221		0.35	%	$	271		0.43	%
Home equity (3)	239			1.06		302			1.32		331			1.38		302			1.22		486			1.92
U.S. credit card	683			3.11		718			3.25		724			3.19		788			3.47		917			4.10
Non-U.S. credit card	47			1.59		76			2.66		94			3.34		89			3.32		104			3.93
Direct/Indirect consumer	33			0.16		58			0.29		73			0.35		62			0.30		86			0.42
Other consumer	47			9.26		58			12.07		66			13.58		65			13.75		51			11.57
Total consumer (3)	1,014			0.79		1,339			1.04		1,497			1.11		1,527			1.12		1,915			1.42
U.S. commercial (4)	6			0.01		5			0.01		(28		)	(0.05	)	68			0.13		43			0.09
Commercial real estate	(32		)	(0.27	)	(37		)	(0.31	)	1			—		11			0.11		44			0.43
Commercial lease financing	(5		)	(0.07	)	(2		)	(0.04	)	(2		)	(0.03	)	(8		)	(0.13	)	(5		)	(0.08	)
Non-U.S. commercial	12			0.06		19			0.09		46			0.20		(2		)	(0.01	)	16			0.08
	(19		)	(0.02	)	(15		)	(0.02	)	17			0.02		69			0.08		98			0.11
U.S. small business commercial	78			2.34		64			1.95		68			2.07		91			2.86		98			3.15
Total commercial	59			0.06		49			0.05		85			0.09		160			0.17		196			0.22
Total net charge-offs (3)	$	1,073		0.48		$	1,388		0.62		$	1,582		0.68		$	1,687		0.73		$	2,111		0.94
By Business Segment
Consumer & Business Banking	$	844		2.11	%	$	881		2.20	%	$	922		2.24	%	$	1,027		2.46	%	$	1,158		2.84	%
Consumer Real Estate Services	235			1.08		294			1.36		323			1.45		281			1.28		465			2.09
Global Wealth & Investment Management	4			0.01		25			0.09		35			0.12		26			0.09		51			0.19
Global Banking	(24		)	(0.04	)	(17		)	(0.03	)	7			0.01		35			0.05		78			0.12
Global Markets	3			0.02		(1		)	(0.01	)	1			0.01		—			—		(1		)	—
All Other	11			0.02		206			0.39		294			0.52		318			0.54		360			0.60
Total net charge-offs	$	1,073		0.48		$	1,388		0.62		$	1,582		0.68		$	1,687		0.73		$	2,111		0.94

⁽¹⁾  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category. Excluding the purchased credit-impaired loan portfolio, total annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.49, 0.64, 0.70, 0.75 and 0.97 for the three months ended June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $160 million, $391 million, $741 million, $443 million and $313 million for the three months ended June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.55, 0.79, 1.00, 0.92 and 1.07 for the three months ended June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013, respectively.

⁽³⁾  Includes the impact of a clarification of regulatory guidance on accounting for troubled debt restructurings of $56 million for residential mortgage loans and $88 million for home equity loans for the three months ended December 31, 2013. Excluding this impact, annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.24 for residential mortgage loans, 1.01 for home equity loans, 1.01 for total consumer loans and 0.62 for total net charge-offs for the three months ended December 31, 2013.

⁽⁴⁾  Excludes U.S. small business commercial loans.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 45

Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Six Months Ended June 30
	2014					2013
Net Charge-offs	Amount			Percent		Amount			Percent
Residential mortgage	$	92		0.08	%	$	654		0.51	%
Home equity	541			1.19		1,170			2.27
U.S. credit card	1,401			3.18		1,864			4.14
Non-U.S. credit card	123			2.12		216			4.03
Direct/Indirect consumer	91			0.22		210			0.51
Other consumer	105			10.64		103			12.15
Total consumer	2,353			0.91		4,217			1.56
U.S. commercial (3)	11			0.01		88			0.09
Commercial real estate	(69		)	(0.29	)	137			0.69
Commercial lease financing	(7		)	(0.05	)	(15		)	(0.13	)
Non-U.S. commercial	31			0.07		1			—
	(34		)	(0.02	)	211			0.12
U.S. small business commercial	142			2.14		200			3.24
Total commercial	108			0.06		411			0.23
Total net charge-offs	$	2,461		0.55		$	4,628		1.04
By Business Segment
Consumer & Business Banking	$	1,725		2.16	%	$	2,399		2.94	%
Consumer Real Estate Services	529			1.22		1,125			2.51
Global Wealth & Investment Management	29			0.05		112			0.21
Global Banking	(41		)	(0.03	)	146			0.12
Global Markets	2			0.01		1			—
All Other	217			0.21		845			0.71
Total net charge-offs	$	2,461		0.55		$	4,628		1.04

⁽¹⁾  Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category. Excluding the purchased credit-impaired loan portfolio, total annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.56 and 1.07 for the six months ended June 30, 2014 and 2013.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $551 million and $1.2 billion for the six months ended June 30, 2014 and 2013. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.67 and 1.29 for the six months ended June 30, 2014 and 2013.

⁽³⁾  Excludes U.S. small business commercial loans.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 46

Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	June 30, 2014						March 31, 2014						June 30, 2013
Allowance for loan and lease losses	Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1)
Residential mortgage	$	3,214	20.33	%	1.36	%	$	3,502	21.07	%	1.44	%	$	6,071	28.59	%	2.39	%
Home equity	3,694		23.36		4.13		4,054		24.40		4.43		6,325		29.79		6.32
U.S. credit card	3,524		22.29		3.96		3,857		23.21		4.40		4,468		21.04		4.94
Non-U.S. credit card	424		2.68		3.53		432		2.60		3.74		498		2.34		4.82
Direct/Indirect consumer	371		2.35		0.45		389		2.34		0.48		603		2.84		0.72
Other consumer	98		0.62		4.71		97		0.58		4.86		102		0.48		5.68
Total consumer	11,325		71.63		2.21		12,331		74.20		2.38		18,067		85.08		3.35
U.S. commercial (2)	2,712		17.15		1.17		2,563		15.43		1.12		1,874		8.83		0.85
Commercial real estate	963		6.09		2.06		972		5.85		1.99		801		3.77		1.90
Commercial lease financing	137		0.87		0.56		122		0.73		0.50		87		0.41		0.37
Non-U.S. commercial	674		4.26		0.79		630		3.79		0.74		406		1.91		0.47
Total commercial (3)	4,486		28.37		1.15		4,287		25.80		1.11		3,168		14.92		0.85
Allowance for loan and lease losses	15,811		100.00	%	1.75		16,618		100.00	%	1.84		21,235		100.00	%	2.33
Reserve for unfunded lending commitments	503						509						474
Allowance for credit losses	$	16,314					$	17,127					$	21,709
Asset Quality Indicators
Allowance for loan and lease losses/Total loans and leases (4)			1.75	%					1.84	%					2.33	%
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total loans and leases (excluding purchased credit-impaired loans) (4, 5)			1.59						1.65						1.96
Allowance for loan and lease losses/Total nonperforming loans and leases (6)			108						97						103
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases (5)			95						85						84
Ratio of the allowance for loan and lease losses/Annualized net charge-offs (7)			3.67						2.95						2.51
Ratio of the allowance for loan and lease losses (excluding purchased credit-impaired loans)/Annualized net charge-offs (5)			3.25						2.58						2.04
Ratio of the allowance for loan and lease losses/Annualized net charge-offs and purchased credit-impaired write-offs			3.20						2.30						2.18

⁽¹⁾  Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. Consumer loans accounted for under the fair value option included residential mortgage loans of $2.0 billion, $2.0 billion and $1.1 billion and home equity loans of $170 million, $152 million and $0 at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Commercial loans accounted for under the fair value option included U.S. commercial loans of $1.3 billion, $1.4 billion and $2.0 billion and non-U.S. commercial loans of $7.4 billion, $7.5 billion and $6.4 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽²⁾  Includes allowance for loan and lease losses for U.S. small business commercial loans of $511 million, $462 million and $584 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽³⁾  Includes allowance for loan and lease losses for impaired commercial loans of $278 million, $277 million and $328 million at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁴⁾  Total loans and leases do not include loans accounted for under the fair value option of $10.9 billion, $11.1 billion and $9.5 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁵⁾  Excludes valuation allowance on purchased credit-impaired loans of $1.8 billion, $2.1 billion and $3.9 billion at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁶⁾  Allowance for loan and lease losses includes $6.5 billion, $7.1 billion and $9.9 billion allocated to products (primarily the Consumer Lending portfolios within Consumer & Business Banking and purchased credit-impaired loans) that are excluded from nonperforming loans and leases at June 30, 2014, March 31, 2014 and June 30, 2013, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 64 percent, 55 percent and 55 percent at June 30, 2014, March 31, 2014 and June 30, 2013, respectively.

⁽⁷⁾  Net charge-offs exclude $160 million, $391 million and $313 million of write-offs in the purchased credit-impaired loan portfolio at June 30, 2014, March 31, 2014 and June 30, 2013. These write-offs decreased the purchased credit-impaired valuation allowance included as part of the allowance for loan and lease losses.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 47

Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries

Reconciliations to GAAP Financial Measures

(Dollars in millions)

The Corporation evaluates its business based on a fully taxable-equivalent basis, a non-GAAP financial measure. The Corporation believes managing the business with net interest income on a fully taxable-equivalent basis provides a more accurate picture of the interest margin for comparative purposes. Total revenue, net of interest expense, includes net interest income on a fully taxable-equivalent basis and noninterest income. The Corporation views related ratios and analyses (i.e., efficiency ratios and net interest yield) on a fully taxable-equivalent basis. To derive the fully taxable-equivalent basis, net interest income is adjusted to reflect tax-exempt income on an equivalent before-tax basis with a corresponding increase in income tax expense. For purposes of this calculation, the Corporation uses the federal statutory tax rate of 35 percent. This measure ensures comparability of net interest income arising from taxable and tax-exempt sources. The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield measures the basis points the Corporation earns over the cost of funds.

The Corporation also evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Tangible equity represents an adjusted shareholders' equity or common shareholders' equity amount which has been reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible common shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average common shareholders' equity. The tangible common equity ratio represents adjusted ending common shareholders' equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average total shareholders' equity. The tangible equity ratio represents adjusted ending shareholders' equity divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Tangible book value per common share represents adjusted ending common shareholders' equity divided by ending common shares outstanding. These measures are used to evaluate the Corporation's use of equity. In addition, profitability, relationship and investment models all use return on average tangible shareholders' equity as key measures to support our overall growth goals.

In addition, the Corporation evaluates its business segment results based on measures that utilize average allocated capital. The Corporation allocates capital to its business segments using a methodology that considers the effect of regulatory capital requirements in addition to internal risk-based capital models. The Corporation's internal risk-based capital models use a risk-adjusted methodology incorporating each segment's credit, market, interest rate, business and operational risk components. Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Allocated capital and the related return both represent non-GAAP financial measures. Allocated capital is reviewed periodically and refinements are made based on multiple considerations that include, but are not limited to, business segment exposures and risk profile, regulatory constraints and strategic plans. As part of this process, in the first quarter of 2014, the Corporation adjusted the amount of capital being allocated to its business segments. This change resulted in a reduction of the unallocated capital, which is reflected in All Other, and an aggregate increase to the amount of capital being allocated to the business segments. Prior periods were not restated.

See the tables below and on pages 49-51 for reconciliations of these non-GAAP financial measures to financial measures defined by GAAP for the six months ended June 30, 2014 and 2013, and the three months ended June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013 and June 30, 2013. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate supplemental financial data differently.

	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	20,098		$	21,213		$	10,013		$	10,085		$	10,786		$	10,266		$	10,549
Fully taxable-equivalent adjustment	414			433			213			201			213			213			222
Net interest income on a fully taxable-equivalent basis	$	20,512		$	21,646		$	10,226		$	10,286		$	10,999		$	10,479		$	10,771
Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis
Total revenue, net of interest expense	$	44,313		$	45,924		$	21,747		$	22,566		$	21,488		$	21,530		$	22,727
Fully taxable-equivalent adjustment	414			433			213			201			213			213			222
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	44,727		$	46,357		$	21,960		$	22,767		$	21,701		$	21,743		$	22,949
Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis
Income tax expense (benefit)	$	99		$	1,987		$	504		$	(405	)	$	406		$	2,348		$	1,486
Fully taxable-equivalent adjustment	414			433			213			201			213			213			222
Income tax expense (benefit) on a fully taxable-equivalent basis	$	513		$	2,420		$	717		$	(204	)	$	619		$	2,561		$	1,708
Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	222,705		$	218,509		$	222,215		$	223,201		$	220,088		$	216,766		$	218,790
Goodwill	(69,832		)	(69,937		)	(69,822		)	(69,842		)	(69,864		)	(69,903		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,354		)	(6,409		)	(5,235		)	(5,474		)	(5,725		)	(5,993		)	(6,270		)
Related deferred tax liabilities	2,132			2,393			2,100			2,165			2,231			2,296			2,360
Tangible common shareholders' equity	$	149,651		$	144,556		$	149,258		$	150,050		$	146,730		$	143,166		$	144,950
Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	236,173		$	236,024		$	235,797		$	236,553		$	233,415		$	230,392		$	235,063
Goodwill	(69,832		)	(69,937		)	(69,822		)	(69,842		)	(69,864		)	(69,903		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,354		)	(6,409		)	(5,235		)	(5,474		)	(5,725		)	(5,993		)	(6,270		)
Related deferred tax liabilities	2,132			2,393			2,100			2,165			2,231			2,296			2,360
Tangible shareholders' equity	$	163,119		$	162,071		$	162,840		$	163,402		$	160,057		$	156,792		$	161,223

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 48

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	222,565		$	216,791		$	222,565		$	218,536		$	219,333		$	218,967		$	216,791
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,844		)	(69,891		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(5,574		)	(5,843		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,166			2,231			2,297
Tangible common shareholders' equity	$	149,734		$	143,054		$	149,734		$	145,457		$	146,081		$	145,464		$	143,054
Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	237,411		$	231,032		$	237,411		$	231,888		$	232,685		$	232,282		$	231,032
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,844		)	(69,891		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(5,574		)	(5,843		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,166			2,231			2,297
Tangible shareholders' equity	$	164,580		$	157,295		$	164,580		$	158,809		$	159,433		$	158,779		$	157,295
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,170,557		$	2,123,320		$	2,170,557		$	2,149,851		$	2,102,273		$	2,126,653		$	2,123,320
Goodwill	(69,810		)	(69,930		)	(69,810		)	(69,842		)	(69,844		)	(69,891		)	(69,930		)
Intangible assets (excluding mortgage servicing rights)	(5,099		)	(6,104		)	(5,099		)	(5,337		)	(5,574		)	(5,843		)	(6,104		)
Related deferred tax liabilities	2,078			2,297			2,078			2,100			2,166			2,231			2,297
Tangible assets	$	2,097,726		$	2,049,583		$	2,097,726		$	2,076,772		$	2,029,021		$	2,053,150		$	2,049,583

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 49

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013
	2014			2013
Reconciliation of return on average allocated capital(1)
Consumer & Business Banking
Reported net income	$	3,454		$	2,833		$	1,788		$	1,666		$	1,978		$	1,777		$	1,391
Adjustment related to intangibles (2)	2			4			1			1			1			2			2
Adjusted net income	$	3,456		$	2,837		$	1,789		$	1,667		$	1,979		$	1,779		$	1,393
Average allocated equity (3)	$	61,468		$	62,063		$	61,460		$	61,475		$	61,999		$	62,025		$	62,050
Adjustment related to goodwill and a percentage of intangibles	(31,968		)	(32,063		)	(31,960		)	(31,975		)	(31,999		)	(32,025		)	(32,050		)
Average allocated capital	$	29,500		$	30,000		$	29,500		$	29,500		$	30,000		$	30,000		$	30,000
Global Wealth & Investment Management
Reported net income	$	1,453		$	1,479		$	724		$	729		$	777		$	720		$	759
Adjustment related to intangibles (2)	7			9			4			3			4			4			4
Adjusted net income	$	1,460		$	1,488		$	728		$	732		$	781		$	724		$	763
Average allocated equity (3)	$	22,233		$	20,311		$	22,222		$	22,243		$	20,265		$	20,283		$	20,300
Adjustment related to goodwill and a percentage of intangibles	(10,233		)	(10,311		)	(10,222		)	(10,243		)	(10,265		)	(10,283		)	(10,300		)
Average allocated capital	$	12,000		$	10,000		$	12,000		$	12,000		$	10,000		$	10,000		$	10,000
Global Banking
Reported net income	$	2,589		$	2,581		$	1,353		$	1,236		$	1,255		$	1,137		$	1,297
Adjustment related to intangibles (2)	1			1			1			—			1			1			1
Adjusted net income	$	2,590		$	2,582		$	1,354		$	1,236		$	1,256		$	1,138		$	1,298
Average allocated equity (3)	$	53,406		$	45,411		$	53,405		$	53,407		$	45,410		$	45,413		$	45,416
Adjustment related to goodwill and a percentage of intangibles	(22,406		)	(22,411		)	(22,405		)	(22,407		)	(22,410		)	(22,413		)	(22,416		)
Average allocated capital	$	31,000		$	23,000		$	31,000		$	31,000		$	23,000		$	23,000		$	23,000
Global Markets
Reported net income (loss)	$	2,409		$	2,074		$	1,101		$	1,308		$	(48	)	$	(875	)	$	962
Adjustment related to intangibles (2)	5			4			3			2			3			2			2
Adjusted net income (loss)	$	2,414		$	2,078		$	1,104		$	1,310		$	(45	)	$	(873	)	$	964
Average allocated equity (3)	$	39,374		$	35,364		$	39,373		$	39,375		$	35,379		$	35,369		$	35,357
Adjustment related to goodwill and a percentage of intangibles	(5,374		)	(5,364		)	(5,373		)	(5,375		)	(5,379		)	(5,369		)	(5,357		)
Average allocated capital	$	34,000		$	30,000		$	34,000		$	34,000		$	30,000		$	30,000		$	30,000

For footnotes see page 51.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 50

Exhibit A: Non-GAAP Reconciliations (continued)
Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Six Months Ended June 30						Second Quarter 2014			First Quarter 2014			Second Quarter 2013
	2014			2013
Consumer & Business Banking
Deposits
Reported net income	$	1,375		$	886		$	743		$	632		$	485
Adjustment related to intangibles (2)	—			—			—			—			—
Adjusted net income	$	1,375		$	886		$	743		$	632		$	485
Average allocated equity (3)	$	36,484		$	35,397		$	36,486		$	36,482		$	35,395
Adjustment related to goodwill and a percentage of intangibles	(19,984		)	(19,997		)	(19,986		)	(19,982		)	(19,995		)
Average allocated capital	$	16,500		$	15,400		$	16,500		$	16,500		$	15,400
Consumer Lending
Reported net income	$	2,079		$	1,947		$	1,045		$	1,034		$	906
Adjustment related to intangibles (2)	2			4			1			1			2
Adjusted net income	$	2,081		$	1,951		$	1,046		$	1,035		$	908
Average allocated equity (3)	$	24,984		$	26,666		$	24,975		$	24,993		$	26,655
Adjustment related to goodwill and a percentage of intangibles	(11,984		)	(12,066		)	(11,975		)	(11,993		)	(12,055		)
Average allocated capital	$	13,000		$	14,600		$	13,000		$	13,000		$	14,600

⁽¹⁾  There are no adjustments to reported net income (loss) or average allocated equity for Consumer Real Estate Services.

⁽²⁾  Represents cost of funds, earnings credits and certain expenses related to intangibles.

⁽³⁾  Average allocated equity is comprised of average allocated capital plus capital for the portion of goodwill and intangibles specifically assigned to the business segment.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation. 51