| 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, 2018 and 2017 for the Corporation and BANA.
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Regulatory Capital under Basel 3 (1)
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Bank of America Corporation |
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Bank of America, N.A. |
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Standardized Approach |
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Advanced Approaches |
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Regulatory Minimum (2)
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Standardized Approach |
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Advanced Approaches |
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Regulatory Minimum (3)
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(Dollars in millions, except as noted) |
December 31, 2018 |
Risk-based capital metrics: |
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Common equity tier 1 capital |
$ |
167,272 |
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$ |
167,272 |
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$ |
149,824 |
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$ |
149,824 |
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Tier 1 capital |
189,038 |
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189,038 |
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149,824 |
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149,824 |
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Total capital (4)
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221,304 |
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212,878 |
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161,760 |
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153,627 |
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Risk-weighted assets (in billions) |
1,437 |
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1,409 |
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1,195 |
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959 |
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Common equity tier 1 capital ratio |
11.6 |
% |
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11.9 |
% |
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8.25 |
% |
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12.5 |
% |
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15.6 |
% |
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6.5 |
% |
Tier 1 capital ratio |
13.2 |
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13.4 |
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9.75 |
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12.5 |
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15.6 |
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8.0 |
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Total capital ratio |
15.4 |
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15.1 |
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11.75 |
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13.5 |
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16.0 |
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10.0 |
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Leverage-based metrics: |
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Adjusted quarterly average assets (in billions) (5)
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$ |
2,258 |
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$ |
2,258 |
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$ |
1,719 |
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$ |
1,719 |
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Tier 1 leverage ratio |
8.4 |
% |
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8.4 |
% |
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4.0 |
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8.7 |
% |
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8.7 |
% |
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5.0 |
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SLR leverage exposure (in billions) |
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$ |
2,791 |
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$ |
2,112 |
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SLR |
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6.8 |
% |
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5.0 |
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7.1 |
% |
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6.0 |
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December 31, 2017 |
Risk-based capital metrics: |
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Common equity tier 1 capital |
$ |
171,063 |
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$ |
171,063 |
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$ |
150,552 |
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$ |
150,552 |
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Tier 1 capital |
191,496 |
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191,496 |
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150,552 |
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150,552 |
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Total capital (4)
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227,427 |
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218,529 |
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163,243 |
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154,675 |
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Risk-weighted assets (in billions) |
1,434 |
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1,449 |
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1,201 |
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1,007 |
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Common equity tier 1 capital ratio |
11.9 |
% |
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11.8 |
% |
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7.25 |
% |
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12.5 |
% |
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14.9 |
% |
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6.5 |
% |
Tier 1 capital ratio |
13.4 |
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13.2 |
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8.75 |
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12.5 |
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14.9 |
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8.0 |
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Total capital ratio |
15.9 |
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15.1 |
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10.75 |
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13.6 |
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15.4 |
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10.0 |
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Leverage-based metrics: |
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Adjusted quarterly average assets (in billions) (5)
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$ |
2,224 |
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$ |
2,224 |
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$ |
1,672 |
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$ |
1,672 |
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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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9.0 |
% |
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9.0 |
% |
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5.0 |
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(1) |
Regulatory capital metrics at December 31, 2017 reflect Basel 3 transition provisions for regulatory capital adjustments and deductions, which were fully phased-in as of January 1, 2018.
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(2) |
The December 31, 2018 and 2017 amounts include a transition capital conservation buffer of 1.875 percent and 1.25 percent and a transition global systemically important bank surcharge of 1.875 percent and 1.5 percent. The countercyclical capital buffer for both periods is zero.
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(3) |
Percent required to meet guidelines to be considered “well capitalized” under the PCA framework. |
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(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 adjusted average total assets for the three months ended December 31, 2018 and 2017.
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