| 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, 2019 and 2018 for the Corporation and BANA.
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Regulatory Capital under Basel 3
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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 (1)
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Standardized Approach |
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Advanced Approaches |
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Regulatory Minimum (2)
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(Dollars in millions, except as noted) |
December 31, 2019 |
Risk-based capital metrics: |
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Common equity tier 1 capital |
$ |
166,760 |
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$ |
166,760 |
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$ |
154,626 |
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$ |
154,626 |
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Tier 1 capital |
188,492 |
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188,492 |
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154,626 |
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154,626 |
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Total capital (3)
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221,230 |
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213,098 |
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166,567 |
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158,665 |
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Risk-weighted assets (in billions) |
1,493 |
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1,447 |
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1,241 |
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991 |
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Common equity tier 1 capital ratio |
11.2 |
% |
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11.5 |
% |
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9.5 |
% |
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12.5 |
% |
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15.6 |
% |
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7.0 |
% |
Tier 1 capital ratio |
12.6 |
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13.0 |
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11.0 |
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12.5 |
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15.6 |
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8.5 |
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Total capital ratio |
14.8 |
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14.7 |
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13.0 |
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13.4 |
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16.0 |
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10.5 |
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Leverage-based metrics: |
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Adjusted quarterly average assets (in billions) (4)
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$ |
2,374 |
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$ |
2,374 |
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$ |
1,780 |
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$ |
1,780 |
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Tier 1 leverage ratio |
7.9 |
% |
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7.9 |
% |
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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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$ |
2,946 |
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$ |
2,177 |
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SLR |
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6.4 |
% |
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5.0 |
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7.1 |
% |
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6.0 |
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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 (3)
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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) (4)
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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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(1) |
The capital conservation buffer and global systemically important bank surcharge were 2.5 percent at December 31, 2019 and 1.875 percent at December 31, 2018. The countercyclical capital buffer for both periods was zero. The SLR minimum includes a leverage buffer of 2.0 percent.
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(2) |
Risk-based capital regulatory minimums at December 31, 2019 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 and risk-based capital ratios as of December 31, 2018 are the percent required to be considered well capitalized under the PCA framework.
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(3) |
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. |
(4)
Reflects total average assets adjusted for certain Tier 1 capital deductions.
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