| Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations |
The table below presents capital ratios and related information in accordance with Basel 3 Standardized and Advanced approaches – Transition as measured at December 31, 2016 and 2015 for the Corporation and BANA.
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Regulatory Capital under Basel 3 – Transition (1)
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December 31, 2016 |
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Bank of America Corporation |
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Bank of America, N.A. |
(Dollars in millions) |
Standardized Approach |
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Advanced Approaches |
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Regulatory Minimum (2, 3)
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Standardized Approach |
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Advanced Approaches |
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Regulatory Minimum (4)
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Risk-based capital metrics: |
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Common equity tier 1 capital |
$ |
168,866 |
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$ |
168,866 |
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$ |
149,755 |
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$ |
149,755 |
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Tier 1 capital |
190,315 |
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190,315 |
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149,755 |
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149,755 |
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Total capital (5)
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228,187 |
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218,981 |
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163,471 |
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154,697 |
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Risk-weighted assets (in billions) |
1,399 |
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1,530 |
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1,176 |
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1,045 |
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Common equity tier 1 capital ratio |
12.1 |
% |
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11.0 |
% |
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5.875 |
% |
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12.7 |
% |
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14.3 |
% |
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6.5 |
% |
Tier 1 capital ratio |
13.6 |
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12.4 |
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7.375 |
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12.7 |
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14.3 |
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8.0 |
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Total capital ratio |
16.3 |
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14.3 |
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9.375 |
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13.9 |
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14.8 |
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10.0 |
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Leverage-based metrics: |
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Adjusted quarterly average assets (in billions) (6)
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$ |
2,131 |
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$ |
2,131 |
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$ |
1,611 |
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$ |
1,611 |
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Tier 1 leverage ratio |
8.9 |
% |
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8.9 |
% |
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4.0 |
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9.3 |
% |
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9.3 |
% |
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5.0 |
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December 31, 2015 |
Risk-based capital metrics: |
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Common equity tier 1 capital |
$ |
163,026 |
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$ |
163,026 |
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$ |
144,869 |
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$ |
144,869 |
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Tier 1 capital |
180,778 |
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180,778 |
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144,869 |
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144,869 |
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Total capital (5)
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220,676 |
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210,912 |
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159,871 |
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150,624 |
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Risk-weighted assets (in billions) |
1,403 |
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1,602 |
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1,183 |
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1,104 |
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Common equity tier 1 capital ratio |
11.6 |
% |
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10.2 |
% |
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4.5 |
% |
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12.2 |
% |
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13.1 |
% |
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6.5 |
% |
Tier 1 capital ratio |
12.9 |
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11.3 |
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6.0 |
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12.2 |
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13.1 |
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8.0 |
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Total capital ratio |
15.7 |
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13.2 |
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8.0 |
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13.5 |
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13.6 |
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10.0 |
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Leverage-based metrics: |
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Adjusted quarterly average assets (in billions) (6)
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$ |
2,103 |
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$ |
2,103 |
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$ |
1,575 |
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$ |
1,575 |
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Tier 1 leverage ratio |
8.6 |
% |
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8.6 |
% |
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4.0 |
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9.2 |
% |
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9.2 |
% |
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5.0 |
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(1) |
As Advanced approaches institutions, the Corporation and its banking entity affiliates are required to report regulatory capital risk-weighted assets and ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is to be used to assess capital adequacy and was the Advanced approaches method at December 31, 2016 and 2015.
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(2) |
The December 31, 2016 amount includes a transition capital conservation buffer of 0.625 percent and a transition global systemically important bank (G-SIB) surcharge of 0.75 percent. The 2016 countercyclical capital buffer is zero.
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(3) |
To be “well capitalized” under the current U.S. banking regulatory agency definitions, a BHC must maintain a Total capital ratio of 10 percent or greater.
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(4) |
Percent required to meet guidelines to be considered "well capitalized" under the PCA framework. |
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(5) |
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. |
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(6) |
Reflects adjusted average total assets for the three months ended December 31, 2016 and 2015.
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