Annual report pursuant to Section 13 and 15(d)

Regulatory Requirements and Restrictions (Tables)

v3.24.0.1
Regulatory Requirements and Restrictions (Tables)
 12 Months Ended
Dec. 31, 2023
Banking and Thrift, Interest [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The following table presents capital ratios and related information in accordance with Basel 3 Standardized and Advanced approaches as measured at December 31, 2023 and 2022 for the Corporation and BANA.
Regulatory Capital under Basel 3
Bank of America Corporation Bank of America, N.A.
Standardized Approach (1)
Advanced Approaches (1)
Regulatory Minimum (2)
Standardized Approach (1)
Advanced Approaches (1)
Regulatory Minimum (3)
(Dollars in millions, except as noted) December 31, 2023
Risk-based capital metrics:    
Common equity tier 1 capital $ 194,928  $ 194,928  $ 187,621  $ 187,621 
Tier 1 capital 223,323  223,323  187,621  187,621 
Total capital (4)
251,399  241,449  201,932  192,175 
Risk-weighted assets (in billions) 1,651  1,459  1,395  1,114 
Common equity tier 1 capital ratio 11.8  % 13.4  % 9.5  % 13.5  % 16.8  % 7.0  %
Tier 1 capital ratio 13.5  15.3  11.0  13.5  16.8  8.5 
Total capital ratio 15.2  16.6  13.0  14.5  17.2  10.5 
Leverage-based metrics:
Adjusted quarterly average assets (in billions) (5)
$ 3,135  $ 3,135  $ 2,471  $ 2,471 
Tier 1 leverage ratio 7.1  % 7.1  % 4.0  7.6  % 7.6  % 5.0 
Supplementary leverage exposure (in billions) $ 3,676  $ 2,910 
Supplementary leverage ratio 6.1  % 5.0  6.4  % 6.0 
  December 31, 2022
Risk-based capital metrics:        
Common equity tier 1 capital $ 180,060  $ 180,060  $ 181,089  $ 181,089 
Tier 1 capital 208,446  208,446  181,089  181,089 
Total capital (4)
238,773  230,916  194,254  186,648 
Risk-weighted assets (in billions) 1,605  1,411  1,386  1,087 
Common equity tier 1 capital ratio 11.2  % 12.8  % 10.4  % 13.1  % 16.7  % 7.0  %
Tier 1 capital ratio 13.0  14.8  11.9  13.1  16.7  8.5 
Total capital ratio 14.9  16.4  13.9  14.0  17.2  10.5 
Leverage-based metrics:
Adjusted quarterly average assets (in billions) (5)
$ 2,997  $ 2,997  $ 2,358  $ 2,358 
Tier 1 leverage ratio 7.0  % 7.0  % 4.0  7.7  % 7.7  % 5.0 
Supplementary leverage exposure (in billions) $ 3,523  $ 2,785 
Supplementary leverage ratio 5.9  % 5.0  6.5  % 6.0 
(1)As of December 31, 2023 and 2022, capital ratios are calculated using the regulatory capital rule that allows a five-year transition period related to the adoption of the current expected credit losses accounting standard on January 1, 2020.
(2)The common equity tier 1 (CET1) capital regulatory minimum is the sum of the CET1 capital ratio minimum of 4.5 percent, the Corporation’s G-SIB surcharge of 2.5 percent and the Corporation’s capital conservation buffer of 2.5 percent (under the Advanced approaches) or the stress capital buffer of 2.5 percent at December 31, 2023 and 3.4 percent at December 31, 2022 (under the Standardized approach), as applicable. The countercyclical capital buffer was zero for both periods. The SLR regulatory minimum includes a leverage buffer of 2.0 percent.
(3)Risk-based capital regulatory minimums at both December 31, 2023 and 2022 are the minimum ratios under Basel 3 including a capital conservation buffer of 2.5 percent. The regulatory minimums for the leverage ratios as of both period ends are the percent required to be considered well capitalized under the PCA framework.
(4)Total capital under the Advanced approaches differs from the Standardized approach due to differences in the amount permitted in Tier 2 capital related to the qualifying allowance for credit losses.
(5)Reflects total average assets adjusted for certain Tier 1 capital deductions.