Annual report pursuant to Section 13 and 15(d)

Regulatory Requirements and Restrictions (Tables)

v3.20.4
Regulatory Requirements and Restrictions (Tables)
 12 Months Ended
Dec. 31, 2020
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, 2020 and 2019 for the Corporation and BANA.
Regulatory Capital under Basel 3
Bank of America Corporation Bank of America, N.A.
Standardized Approach (1, 2)
Advanced Approaches (1)
Regulatory Minimum (3)
Standardized Approach (1, 2)
Advanced Approaches (1)
Regulatory Minimum (4)
(Dollars in millions, except as noted) December 31, 2020
Risk-based capital metrics:    
Common equity tier 1 capital $ 176,660  $ 176,660  $ 164,593  $ 164,593 
Tier 1 capital 200,096  200,096  164,593  164,593 
Total capital (5)
237,936  227,685  181,370  170,922 
Risk-weighted assets (in billions) 1,480  1,371  1,221  1,014 
Common equity tier 1 capital ratio 11.9  % 12.9  % 9.5  % 13.5  % 16.2  % 7.0  %
Tier 1 capital ratio 13.5  14.6  11.0  13.5  16.2  8.5 
Total capital ratio 16.1  16.6  13.0  14.9  16.9  10.5 
Leverage-based metrics:
Adjusted quarterly average assets (in billions) (6)
$ 2,719  $ 2,719  $ 2,143  $ 2,143 
Tier 1 leverage ratio 7.4  % 7.4  % 4.0  7.7  % 7.7  % 5.0 
Supplementary leverage exposure (in billions) (7)
$ 2,786  $ 2,525 
Supplementary leverage ratio 7.2  % 5.0  6.5  % 6.0 
  December 31, 2019
Risk-based capital metrics:        
Common equity tier 1 capital $ 166,760  $ 166,760  $ 154,626  $ 154,626 
Tier 1 capital 188,492  188,492  154,626  154,626 
Total capital (5)
221,230  213,098  166,567  158,665 
Risk-weighted assets (in billions) 1,493  1,447  1,241  991 
Common equity tier 1 capital ratio 11.2  % 11.5  % 9.5  % 12.5  % 15.6  % 7.0  %
Tier 1 capital ratio 12.6  13.0  11.0  12.5  15.6  8.5 
Total capital ratio 14.8  14.7  13.0  13.4  16.0  10.5 
Leverage-based metrics:
Adjusted quarterly average assets (in billions) (6)
$ 2,374  $ 2,374  $ 1,780  $ 1,780 
Tier 1 leverage ratio 7.9  % 7.9  % 4.0  8.7  % 8.7  % 5.0 
Supplementary leverage exposure (in billions) $ 2,946  $ 2,177 
Supplementary leverage ratio 6.4  % 5.0  7.1  % 6.0 
(1)As of December 31, 2020, capital ratios are calculated using the regulatory capital rule that allows a five-year transition period related to the adoption of CECL.
(2)Derivative exposure amounts are calculated using the standardized approach for measuring counterparty credit risk at December 31, 2020 and the current exposure method at December 31, 2019.
(3)The capital conservation buffer and global systemically important bank surcharge were 2.5 percent at both December 31, 2020 and 2019. At December 31, 2020, the Corporation's stress capital buffer of 2.5 percent was applied in place of the capital conservation buffer under the Standardized approach. The countercyclical capital buffer for both periods was zero. The SLR minimum includes a leverage buffer of 2.0 percent.
(4)Risk-based capital regulatory minimums at December 31, 2020 and 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 are the percent required to be considered well capitalized under the PCA framework.
(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.
(6)Reflects total average assets adjusted for certain Tier 1 capital deductions.
(7)Supplementary leverage exposure for the Corporation at December 31, 2020 reflects the temporary exclusion of U.S. Treasury securities and deposits at Federal Reserve Banks.