Annual report [Section 13 and 15(d), not S-K Item 405]

Regulatory Requirements and Restrictions (Tables)

v3.25.0.1
Regulatory Requirements and Restrictions (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 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, 2024
Risk-based capital metrics:    
Common equity tier 1 capital $ 201,083  $ 201,083  $ 194,341  $ 194,341 
Tier 1 capital 223,458  223,458  194,341  194,341 
Total capital (4)
255,363  244,809  209,256  198,923 
Risk-weighted assets (in billions) 1,696  1,490  1,444  1,151 
Common equity tier 1 capital ratio 11.9  % 13.5  % 10.7  % 13.5  % 16.9  % 7.0  %
Tier 1 capital ratio 13.2  15.0  12.2  13.5  16.9  8.5 
Total capital ratio 15.1  16.4  14.2  14.5  17.3  10.5 
Leverage-based metrics:
Adjusted quarterly average assets (in billions) (5)
$ 3,240  $ 3,240  $ 2,546  $ 2,546 
Tier 1 leverage ratio 6.9  % 6.9  % 4.0  7.6  % 7.6  % 5.0 
Supplementary leverage exposure (in billions) $ 3,818  $ 3,015 
Supplementary leverage ratio 5.9  % 5.0  6.4  % 6.0 
  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 
(1)As of December 31, 2024 and 2023, 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 CET1 capital regulatory minimum is the sum of the CET1 capital ratio minimum of 4.5 percent, the Corporation’s G-SIB surcharge of 3.0 percent at December 31, 2024 and 2.5 percent at December 31, 2023, and SCB (under the Standardized approach) of 3.2 percent at December 31, 2024 and 2.5 percent at December 31, 2023. 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, 2024 and 2023 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.