Exhibit 99.3-9.30.2012

EX-99.3 4 exhibit993-9302012.htm THE SUPPLEMENTAL INFORMATION Exhibit 99.3-9.30.2012

Supplemental Information

Third Quarter 2012

This information is preliminary and based on company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America does not undertake an obligation to, and disclaims any duty to, update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in Bank of America’s reports filed with the SEC pursuant to the Securities Exchange Act of 1934, which are available at the SEC’s website (www.sec.gov) or at Bank of America’s website (www.bankofamerica.com). Bank of America’s future financial performance is subject to risks and uncertainties as described in its SEC filings.




Bank of America Corporation and Subsidiaries
Table of Contents	Page


Consolidated Financial Highlights	2
Supplemental Financial Data	3
Consolidated Statement of Income	4
Consolidated Statement of Comprehensive Income	5
Consolidated Balance Sheet	6
Capital Management	8
Net Interest Income Excluding Trading-related Net Interest Income	9
Quarterly Average Balances and Interest Rates	10
Year-to-Date Average Balances and Interest Rates	12
Debt Securities and Available-for-Sale Marketable Equity Securities	14
Quarterly Results by Business Segment	15
Year-to-Date Results by Business Segment	16
Consumer & Business Banking
Total Segment Results	17
Business Results	18
Key Indicators	21
Consumer Real Estate Services
Total Segment Results	22
Business Results	23
Key Indicators	26
Global Banking
Total Segment Results	27
Key Indicators	28
Investment Banking Product Rankings	29
Global Markets
Total Segment Results	30
Key Indicators	31
Global Wealth & Investment Management
Total Segment Results	32
Key Indicators	33
All Other
Total Segment Results	34
Equity Investments	35
Outstanding Loans and Leases	36
Quarterly Average Loans and Leases by Business Segment	37
Commercial Credit Exposure by Industry	38
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating	39
Selected Emerging Markets	40
Selected European Countries	41
Nonperforming Loans, Leases and Foreclosed Properties	42
Nonperforming Loans, Leases and Foreclosed Properties Activity	43
Quarterly Net Charge-offs and Net Charge-off Ratios	44
Year-to-Date Net Charge-offs and Net Charge-off Ratios	45
Allocation of the Allowance for Credit Losses by Product Type	46

Exhibit A: Non-GAAP Reconciliations	47



Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Income statement
Net interest income	$	30,332		$	33,915		$	9,938		$	9,548		$	10,846		$	10,701		$	10,490
Noninterest income	34,342			34,651			10,490			12,420			11,432			14,187			17,963
Total revenue, net of interest expense	64,674			68,566			20,428			21,968			22,278			24,888			28,453
Provision for credit losses	5,965			10,476			1,774			1,773			2,418			2,934			3,407
Goodwill impairment	—			2,603			—			—			—			581			—
Merger and restructuring charges	—			537			—			—			—			101			176
All other noninterest expense ⁽¹⁾	53,733			57,612			17,544			17,048			19,141			18,840			17,437
Income tax expense (benefit)	1,520			(2,117		)	770			684			66			441			1,201
Net income (loss)	3,456			(545		)	340			2,463			653			1,991			6,232
Preferred stock dividends	1,063			954			373			365			325			407			343
Net income (loss) applicable to common shareholders	2,393			(1,499		)	(33		)	2,098			328			1,584			5,889
Diluted earnings (loss) per common share ⁽²⁾	0.22			(0.15		)	0.00			0.19			0.03			0.15			0.56
Average diluted common shares issued and outstanding ⁽²⁾	10,826,503			10,095,859			10,776,173			11,556,011			10,761,917			11,124,523			10,464,395
Dividends paid per common share	$	0.03		$	0.03		$	0.01		$	0.01		$	0.01		$	0.01		$	0.01

Performance ratios
Return on average assets	0.21		%	n/m			0.06		%	0.45		%	0.12		%	0.36		%	1.07		%
Return on average common shareholders' equity	1.48			n/m			n/m			3.89			0.62			3.00			11.40
Return on average tangible common shareholders' equity ⁽³⁾	2.26			n/m			n/m			5.95			0.95			4.72			18.30
Return on average tangible shareholders' equity ⁽³⁾	2.89			n/m			0.84			6.16			1.67			5.20			17.03


At period end
Book value per share of common stock	$	20.40		$	20.80		$	20.40		$	20.16		$	19.83		$	20.09		$	20.80
Tangible book value per share of common stock ⁽³⁾	13.48			13.22			13.48			13.22			12.87			12.95			13.22
Market price per share of common stock:
Closing price	$	8.83		$	6.12		$	8.83		$	8.18		$	9.57		$	5.56		$	6.12
High closing price for the period	9.93			15.25			9.55			9.68			9.93			7.35			11.09
Low closing price for the period	5.80			6.06			7.04			6.83			5.80			4.99			6.06
Market capitalization	95,163			62,023			95,163			88,155			103,123			58,580			62,023

Number of banking centers - U.S.	5,540			5,715			5,540			5,594			5,651			5,702			5,715
Number of branded ATMs - U.S.	16,253			17,752			16,253			16,220			17,255			17,756			17,752
Full-time equivalent employees	272,594			288,739			272,594			275,460			278,688			281,791			288,739


⁽¹⁾	Excludes merger and restructuring charges and goodwill impairment charges.


⁽²⁾	Due to a net loss applicable to common shareholders for the nine months ended September 30, 2011 and for the third quarter of 2012, the impact of antidilutive equity instruments was excluded from diluted earnings (loss) per share and average diluted common shares.

⁽³⁾

Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate non-GAAP financial measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

n/m = not meaningful

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	2



Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions, except per share information)

Fully taxable-equivalent (FTE) basis data ⁽¹⁾

	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011
Net interest income	$	31,002		$	34,629		$	10,167		$	9,782		$	11,053		$	10,959		$	10,739
Total revenue, net of interest expense	65,344			69,280			20,657			22,202			22,485			25,146			28,702
Net interest yield ⁽²⁾	2.35		%	2.50		%	2.32		%	2.21		%	2.51		%	2.45		%	2.32		%
Efficiency ratio	82.23			87.69			84.93			76.79			85.13			77.64			61.37


Performance ratios, excluding goodwill impairment charges ^{(3, 4)}

				Nine Months Ended September 30, 2011												Fourth Quarter 2011

Per common share information
Earnings				$	0.11											$	0.21
Diluted earnings				0.11												0.20
Efficiency ratio (FTE basis)				83.93		%										75.33		%
Return on average assets				0.12												0.46
Return on average common shareholders’ equity				0.70												4.10
Return on average tangible common shareholders’ equity				1.11												6.46
Return on average tangible shareholders’ equity				1.83												6.72


⁽¹⁾	FTE basis is a non-GAAP financial measure. FTE basis is a performance measure used by management in operating the business that management believes provides investors with a more accurate picture of the interest margin for comparative purposes. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)

⁽²⁾

Calculation includes fees earned on primarily overnight deposits placed with the Federal Reserve and certain Foreign Central Banks of $147 million and $150 million for the nine months ended September 30, 2012 and 2011; $48 million, $52 million and $47 million for the third, second and first quarters of 2012, and $36 million and $38 million for the fourth and third quarters of 2011, respectively. For more information, see Quarterly and Year-to-Date Average Balances and Interest Rates - Fully Taxable-equivalent Basis on pages 10-11 and 12-13.


⁽³⁾	Performance ratios, excluding goodwill impairment charges, are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)


⁽⁴⁾	There were no goodwill impairment charges for the third, second and first quarters of 2012, and the third quarter of 2011.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	3



Bank of America Corporation and Subsidiaries
Consolidated Statement of Income
(Dollars in millions, except per share information; shares in thousands)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011
Interest income
Loans and leases	$	29,514		$	34,454		$	9,597		$	9,744		$	10,173		$	10,512		$	11,205
Debt securities	6,658			7,286			2,031			1,902			2,725			2,235			1,729
Federal funds sold and securities borrowed or purchased under agreements to resell	1,173			1,698			353			360			460			449			584
Trading account assets	3,787			4,664			1,189			1,246			1,352			1,297			1,500
Other interest income	2,297			2,721			806			740			751			920			835
Total interest income	43,429			50,823			13,976			13,992			15,461			15,413			15,853

Interest expense
Deposits	1,552			2,386			484			519			549			616			704
Short-term borrowings	2,717			3,678			893			943			881			921			1,153
Trading account liabilities	1,343			1,801			418			448			477			411			547
Long-term debt	7,485			9,043			2,243			2,534			2,708			2,764			2,959
Total interest expense	13,097			16,908			4,038			4,444			4,615			4,712			5,363
Net interest income	30,332			33,915			9,938			9,548			10,846			10,701			10,490

Noninterest income
Card income	4,573			5,706			1,538			1,578			1,457			1,478			1,911
Service charges	5,780			6,112			1,934			1,934			1,912			1,982			2,068
Investment and brokerage services	8,504			9,132			2,781			2,847			2,876			2,694			3,022
Investment banking income	3,699			4,204			1,336			1,146			1,217			1,013			942
Equity investment income	1,371			4,133			238			368			765			3,227			1,446
Trading account profits	5,078			6,417			1,239			1,764			2,075			280			1,604
Mortgage banking income (loss)	5,290			(10,949		)	2,019			1,659			1,612			2,119			1,617
Insurance income (loss)	(71		)	1,203			(138		)	127			(60		)	143			190
Gains on sales of debt securities	1,491			2,182			339			400			752			1,192			737
Other income (loss)	(1,321		)	6,729			(790		)	603			(1,134		)	140			4,511
Other-than-temporary impairment losses on available-for-sale debt securities:
Total other-than-temporary impairment losses	(70		)	(271		)	(9		)	(13		)	(51		)	(127		)	(114		)
Less: Portion of other-than-temporary impairment losses recognized in other comprehensive income	18			53			3			7			11			46			29
Net impairment losses recognized in earnings on available-for-sale debt securities	(52		)	(218		)	(6		)	(6		)	(40		)	(81		)	(85		)
Total noninterest income	34,342			34,651			10,490			12,420			11,432			14,187			17,963
Total revenue, net of interest expense	64,674			68,566			20,428			21,968			22,278			24,888			28,453

Provision for credit losses	5,965			10,476			1,774			1,773			2,418			2,934			3,407

Noninterest expense
Personnel	27,348			28,204			8,431			8,729			10,188			8,761			8,865
Occupancy	3,419			3,617			1,160			1,117			1,142			1,131			1,183
Equipment	1,718			1,815			561			546			611			525			616
Marketing	1,393			1,680			479			449			465			523			556
Professional fees	2,578			2,349			873			922			783			1,032			937
Amortization of intangibles	955			1,144			315			321			319			365			377
Data processing	2,188			1,964			640			692			856			688			626
Telecommunications	1,227			1,167			410			417			400			386			405
Other general operating	12,907			15,672			4,675			3,855			4,377			5,429			3,872
Goodwill impairment	—			2,603			—			—			—			581			—
Merger and restructuring charges	—			537			—			—			—			101			176
Total noninterest expense	53,733			60,752			17,544			17,048			19,141			19,522			17,613
Income (loss) before income taxes	4,976			(2,662		)	1,110			3,147			719			2,432			7,433
Income tax expense (benefit)	1,520			(2,117		)	770			684			66			441			1,201
Net income (loss)	$	3,456		$	(545	)	$	340		$	2,463		$	653		$	1,991		$	6,232
Preferred stock dividends	1,063			954			373			365			325			407			343
Net income (loss) applicable to common shareholders	$	2,393		$	(1,499	)	$	(33	)	$	2,098		$	328		$	1,584		$	5,889

Per common share information
Earnings (loss)	$	0.22		$	(0.15	)	$	0.00		$	0.19		$	0.03		$	0.15		$	0.58
Diluted earnings (loss) ⁽¹⁾	0.22			(0.15		)	0.00			0.19			0.03			0.15			0.56
Dividends paid	0.03			0.03			0.01			0.01			0.01			0.01			0.01
Average common shares issued and outstanding	10,735,461			10,095,859			10,776,173			10,775,695			10,651,367			10,281,397			10,116,284
Average diluted common shares issued and outstanding ⁽¹⁾	10,826,503			10,095,859			10,776,173			11,556,011			10,761,917			11,124,523			10,464,395


⁽¹⁾	Due to a net loss applicable to common shareholders for the nine months ended September 30, 2011 and for the third quarter of 2012, the impact of antidilutive equity instruments was excluded from diluted earnings (loss) per share and average diluted common shares.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	4



Bank of America Corporation and Subsidiaries
Consolidated Statement of Comprehensive Income
(Dollars in millions)
	Nine Months Ended September 30					Third Quarter 2012		Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012		2011			Third Quarter 2012		Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Net income (loss)	$	3,456	$	(545	)	$	340	$	2,463		$	653		$	1,991		$	6,232
Other comprehensive income, net of tax:
Net change in available-for-sale debt and marketable equity securities	2,971		(1,404		)	2,365		1,530			(924		)	(2,866		)	(2,158		)
Net change in derivatives	535		(830		)	234		(81		)	382			281			(764		)
Employee benefit plan adjustments	1,106		204			75		79			952			(648		)	66
Net change in foreign currency translation adjustments	14		25			15		(32		)	31			(133		)	(8		)
Other comprehensive income (loss)	4,626		(2,005		)	2,689		1,496			441			(3,366		)	(2,864		)
Comprehensive income (loss)	$	8,082	$	(2,550	)	$	3,029	$	3,959		$	1,094		$	(1,375	)	$	3,368

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	5



Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet
(Dollars in millions)
	September 30 2012			June 30 2012			September 30 2011
Assets
Cash and cash equivalents	$	106,415		$	123,717		$	82,865
Time deposits placed and other short-term investments	15,950			22,350			18,330
Federal funds sold and securities borrowed or purchased under agreements to resell	234,034			226,116			249,998
Trading account assets	211,090			204,725			176,398
Derivative assets	57,865			59,939			79,044
Debt securities:
Available-for-sale	305,949			300,049			324,267
Held-to-maturity, at cost	39,898			35,168			26,458
Total debt securities	345,847			335,217			350,725
Loans and leases	893,035			892,315			932,531
Allowance for loan and lease losses	(26,233		)	(30,288		)	(35,082		)
Loans and leases, net of allowance	866,802			862,027			897,449
Premises and equipment, net	12,436			12,653			13,552
Mortgage servicing rights (includes $5,087, $5,708 and $7,880 measured at fair value)	5,242			5,880			8,037
Goodwill	69,976			69,976			70,832
Intangible assets	7,030			7,335			8,764
Loans held-for-sale	16,436			13,289			23,085
Customer and other receivables	66,341			71,458			89,302
Other assets	150,698			146,172			151,247
Total assets	$	2,166,162		$	2,160,854		$	2,219,628

Assets of consolidated VIEs included in total assets above (isolated to settle the liabilities of the VIEs)
Trading account assets	$	9,959		$	8,499		$	8,911
Derivative assets	546			1,007			1,611
Available-for-sale debt securities	—			—			256
Loans and leases	125,043			128,386			146,023
Allowance for loan and lease losses	(3,811		)	(4,074		)	(5,661		)
Loans and leases, net of allowance	121,232			124,312			140,362
Loans held-for-sale	2,165			2,163			3,904
All other assets	3,754			4,113			5,414
Total assets of consolidated VIEs	$	137,656		$	140,094		$	160,458

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	6



Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
(Dollars in millions)
	September 30 2012			June 30 2012			September 30 2011
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	362,646		$	343,308		$	321,253
Interest-bearing	625,200			621,076			629,176
Deposits in non-U.S. offices:
Noninterest-bearing	6,667			6,871			6,581
Interest-bearing	68,794			63,970			84,343
Total deposits	1,063,307			1,035,225			1,041,353
Federal funds purchased and securities loaned or sold under agreements to repurchase	273,900			285,914			248,116
Trading account liabilities	72,179			77,458			68,026
Derivative liabilities	51,369			51,515			59,304
Commercial paper and other short-term borrowings	35,291			39,019			33,869
Accrued expenses and other liabilities (includes $518, $574 and $790 of reserve for unfunded lending commitments)	144,976			133,900			139,743
Long-term debt	286,534			301,848			398,965
Total liabilities	1,927,556			1,924,879			1,989,376
Shareholders’ equity
Preferred stock, $0.01 par value; authorized - 100,000,000 shares; issued and outstanding - 3,685,410, 3,685,410 and 3,993,660 shares	18,768			18,762			19,480
Common stock and additional paid-in capital, $0.01 par value; authorized - 12,800,000,000 shares; issued and outstanding - 10,777,267,465, 10,776,869,270 and 10,134,431,514 shares	158,066			158,001			153,801
Retained earnings	62,583			62,712			59,043
Accumulated other comprehensive income (loss)	(811		)	(3,500		)	(2,071		)
Other	—			—			(1		)
Total shareholders’ equity	238,606			235,975			230,252
Total liabilities and shareholders’ equity	$	2,166,162		$	2,160,854		$	2,219,628

Liabilities of consolidated VIEs included in total liabilities above
Commercial paper and other short-term borrowings	$	3,872		$	4,449		$	6,208
Long-term debt	38,055			38,456			56,361
All other liabilities	625			1,161			1,115
Total liabilities of consolidated VIEs	$	42,552		$	44,066		$	63,684

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	7



Bank of America Corporation and Subsidiaries
Capital Management
(Dollars in millions)
	Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011

Risk-based capital ⁽¹⁾:
Tier 1 common	$	136,406		$	134,082		$	131,602		$	126,690		$	117,658
Tier 1 capital	163,063			164,665			163,199			159,232			156,074
Total capital	205,172			208,936			213,480			215,101			215,596
Risk-weighted assets	1,195,720			1,193,422			1,220,827			1,284,467			1,359,564
Tier 1 common capital ratio ⁽²⁾	11.41		%	11.24		%	10.78		%	9.86		%	8.65		%
Tier 1 capital ratio	13.64			13.80			13.37			12.40			11.48
Total capital ratio	17.16			17.51			17.49			16.75			15.86
Tier 1 leverage ratio	7.84			7.84			7.79			7.53			7.11
Tangible equity ratio ⁽³⁾	7.85			7.73			7.48			7.54			7.16
Tangible common equity ratio ⁽³⁾	6.95			6.83			6.58			6.64			6.25


⁽¹⁾	Reflects preliminary data for current period risk-based capital.


⁽²⁾	Tier 1 common capital ratio equals Tier 1 capital excluding preferred stock, trust preferred securities, hybrid securities and minority interest divided by risk-weighted assets.

⁽³⁾

Tangible equity ratio equals period-end tangible shareholders’ equity divided by period-end tangible assets. Tangible common equity equals period-end tangible common shareholders’ equity divided by period-end tangible assets. Tangible shareholders’ equity and tangible assets are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. (See Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on pages 47-50.)

*Preliminary data on risk-based capital

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	8



Bank of America Corporation and Subsidiaries
Net Interest Income Excluding Trading-related Net Interest Income
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Net interest income (FTE basis)
As reported ⁽¹⁾	$	31,002		$	34,629		$	10,167		$	9,782		$	11,053		$	10,959		$	10,739
Impact of trading-related net interest income ⁽²⁾	(2,296		)	(2,824		)	(847		)	(653		)	(796		)	(866		)	(929		)
Net interest income excluding trading-related net interest income	$	28,706		$	31,805		$	9,320		$	9,129		$	10,257		$	10,093		$	9,810

Average earning assets
As reported	$	1,763,600		$	1,851,736		$	1,750,275		$	1,772,568		$	1,768,105		$	1,783,986		$	1,841,135
Impact of trading-related earning assets ⁽²⁾	(438,640		)	(456,102		)	(446,934		)	(444,537		)	(424,358		)	(414,136		)	(445,431		)
Average earning assets excluding trading-related earning assets	$	1,324,960		$	1,395,634		$	1,303,341		$	1,328,031		$	1,343,747		$	1,369,850		$	1,395,704

Net interest yield contribution (FTE basis) ⁽³⁾
As reported ⁽¹⁾	2.35		%	2.50		%	2.32		%	2.21		%	2.51		%	2.45		%	2.32		%
Impact of trading-related activities ⁽²⁾	0.54			0.54			0.53			0.55			0.55			0.49			0.48
Net interest yield on earning assets excluding trading-related activities	2.89		%	3.04		%	2.85		%	2.76		%	3.06		%	2.94		%	2.80		%

⁽¹⁾

Net interest income and net interest yield include fees earned on primarily overnight deposits placed with the Federal Reserve and certain Foreign Central Banks of $147 million and $150 million for the nine months ended September 30, 2012 and 2011; $48 million, $52 million and $47 million for the third, second and first quarters of 2012, and $36 million and $38 million for the fourth and third quarters of 2011, respectively.


⁽²⁾	Represents the impact of trading-related amounts included in Global Markets.


⁽³⁾	Calculated on an annualized basis.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	9



Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates - Fully Taxable-equivalent Basis
(Dollars in millions)
	Third Quarter 2012						Second Quarter 2012						Third Quarter 2011
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments ⁽¹⁾	$	15,849	$	58	1.47	%	$	27,476	$	64	0.94	%	$	26,743	$	87	1.31	%
Federal funds sold and securities borrowed or purchased under agreements to resell	234,955		353		0.60		234,148		360		0.62		256,143		584		0.90
Trading account assets	177,075		1,243		2.80		180,694		1,302		2.89		180,438		1,543		3.40
Debt securities ⁽²⁾	340,773		2,036		2.39		342,244		1,907		2.23		344,327		1,744		2.02
Loans and leases ⁽³⁾:
Residential mortgage	250,505		2,317		3.70		255,349		2,462		3.86		268,494		2,856		4.25
Home equity	116,184		1,097		3.77		119,657		1,090		3.66		129,125		1,238		3.81
Discontinued real estate	10,956		95		3.45		11,144		94		3.36		15,923		134		3.36
U.S. credit card	93,292		2,353		10.04		95,018		2,356		9.97		103,671		2,650		10.14
Non-U.S. credit card	13,329		385		11.48		13,641		396		11.68		25,434		697		10.88
Direct/Indirect consumer	82,635		704		3.39		84,198		733		3.50		90,280		915		4.02
Other consumer	2,654		40		6.03		2,565		41		6.41		2,795		43		6.07
Total consumer	569,555		6,991		4.89		581,572		7,172		4.95		635,722		8,533		5.34
U.S. commercial	201,072		1,752		3.47		199,644		1,742		3.51		191,439		1,809		3.75
Commercial real estate	36,929		329		3.54		37,627		323		3.46		42,931		360		3.33
Commercial lease financing	21,545		202		3.75		21,446		216		4.02		21,342		240		4.51
Non-U.S. commercial	59,758		401		2.67		59,209		369		2.50		50,598		349		2.73
Total commercial	319,304		2,684		3.35		317,926		2,650		3.35		306,310		2,758		3.58
Total loans and leases	888,859		9,675		4.34		899,498		9,822		4.38		942,032		11,291		4.77
Other earning assets	92,764		792		3.40		88,508		719		3.26		91,452		814		3.54
Total earning assets⁽⁴⁾	1,750,275		14,157		3.22		1,772,568		14,174		3.21		1,841,135		16,063		3.47
Cash and cash equivalents ⁽¹⁾	122,716		48				116,025		52				102,573		38
Other assets, less allowance for loan and lease losses	300,321						305,970						357,746
Total assets	$	2,173,312					$	2,194,563					$	2,301,454

⁽¹⁾

For this presentation, fees earned on overnight deposits placed with the Federal Reserve are included in the cash and cash equivalents line, consistent with the Corporation’s Consolidated Balance Sheet presentation of these deposits. In addition, beginning in the third quarter of 2012, fees earned on primarily overnight deposits placed with certain Foreign Central Banks, which are included in the time deposits placed and other short-term investments line in prior periods, have been included in the cash and cash equivalents line. Net interest income and net interest yield are calculated excluding these fees.


⁽²⁾	Yields on available-for-sale debt securities are calculated based on fair value rather than the cost basis. The use of fair value does not have a material impact on net interest yield.


⁽³⁾	Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.


⁽⁴⁾	The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:



	Third Quarter 2012				Second Quarter 2012				Third Quarter 2011
Federal funds sold and securities borrowed or purchased under agreements to resell		$	23			$	36			$	43
Debt securities		(139		)		(386		)		(1,049		)
U.S. commercial		(19		)		(16		)		(19		)
Non-U.S. commercial		(1		)		—				—
Net hedge expenses on assets		$	(136	)		$	(366	)		$	(1,025	)

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	10



Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates - Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Third Quarter 2012						Second Quarter 2012						Third Quarter 2011
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	41,581	$	11	0.10	%	$	42,394	$	14	0.13	%	$	41,256	$	21	0.19	%
NOW and money market deposit accounts	465,679		173		0.15		460,788		188		0.16		473,391		248		0.21
Consumer CDs and IRAs	94,140		172		0.73		96,858		171		0.71		108,359		244		0.89
Negotiable CDs, public funds and other deposits	19,587		30		0.61		21,661		35		0.65		18,547		5		0.12
Total U.S. interest-bearing deposits	620,987		386		0.25		621,701		408		0.26		641,553		518		0.32
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	13,883		19		0.56		14,598		25		0.69		21,037		34		0.65
Governments and official institutions	1,019		1		0.31		895		1		0.37		2,043		2		0.32
Time, savings and other	52,175		78		0.59		52,584		85		0.65		64,271		150		0.93
Total non-U.S. interest-bearing deposits	67,077		98		0.58		68,077		111		0.65		87,351		186		0.85
Total interest-bearing deposits	688,064		484		0.28		689,778		519		0.30		728,904		704		0.38
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings	325,023		893		1.09		318,909		943		1.19		303,234		1,152		1.51
Trading account liabilities	77,528		418		2.14		84,728		448		2.13		87,841		547		2.47
Long-term debt	291,684		2,243		3.07		333,173		2,534		3.05		420,273		2,959		2.82
Total interest-bearing liabilities ⁽¹⁾	1,382,299		4,038		1.16		1,426,588		4,444		1.25		1,540,252		5,362		1.39
Noninterest-bearing sources:
Noninterest-bearing deposits	361,633						343,110						322,416
Other liabilities	193,341						189,307						216,376
Shareholders’ equity	236,039						235,558						222,410
Total liabilities and shareholders’ equity	$	2,173,312					$	2,194,563					$	2,301,454
Net interest spread					2.06	%					1.96	%					2.08	%
Impact of noninterest-bearing sources					0.25						0.24						0.23
Net interest income/yield on earning assets ⁽²⁾			$	10,119	2.31	%			$	9,730	2.20	%			$	10,701	2.31	%


⁽¹⁾	The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased (decreased) interest expense on:



	Third Quarter 2012				Second Quarter 2012				Third Quarter 2011
NOW and money market deposit accounts		$	—			$	(1	)		$	—
Consumer CDs and IRAs		16				22				44
Negotiable CDs, public funds and other deposits		3				4				3
Banks located in non-U.S. countries		3				3				13
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings		323				307				471
Long-term debt		(799		)		(926		)		(1,162		)
Net hedge income on liabilities		$	(454	)		$	(591	)		$	(631	)

⁽²⁾

For this presentation, fees earned on overnight deposits placed with the Federal Reserve are included in the cash and cash equivalents line, consistent with the Corporation's Consolidated Balance Sheet presentation of these deposits. In addition, beginning in the third quarter of 2012, fees earned on primarily overnight deposits placed with certain Foreign Central Banks, which are included in the time deposits placed and other short-term investments line in prior periods, have been included in the cash and cash equivalents line. Net interest income and net interest yield are calculated excluding these fees.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	11



Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates - Fully Taxable-equivalent Basis
(Dollars in millions)
	Nine Months Ended September 30
	2012						2011
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Time deposits placed and other short-term investments ⁽¹⁾	$	24,877	$	187	1.01	%	$	28,428	$	281	1.33	%
Federal funds sold and securities borrowed or purchased under agreements to resell	234,058		1,173		0.67		247,635		1,698		0.92
Trading account assets	177,846		3,944		2.96		195,931		4,788		3.26
Debt securities ⁽²⁾	336,939		6,675		2.64		338,512		7,357		2.90
Loans and leases ⁽³⁾:
Residential mortgage	255,458		7,268		3.79		265,345		8,500		4.27
Home equity	119,579		3,351		3.74		132,308		3,834		3.87
Discontinued real estate	11,392		292		3.41		14,951		373		3.32
U.S. credit card	95,540		7,168		10.02		106,569		8,205		10.29
Non-U.S. credit card	13,706		1,189		11.59		26,767		2,236		11.17
Direct/Indirect consumer	85,042		2,238		3.52		89,927		2,853		4.24
Other consumer	2,612		121		6.23		2,764		135		6.47
Total consumer	583,329		21,627		4.95		638,631		26,136		5.47
U.S. commercial	198,618		5,250		3.53		191,091		5,562		3.89
Commercial real estate	37,912		991		3.49		45,664		1,179		3.45
Commercial lease financing	21,557		690		4.27		21,419		797		4.96
Non-U.S. commercial	59,234		1,161		2.62		43,043		987		3.07
Total commercial	317,321		8,092		3.41		301,217		8,525		3.78
Total loans and leases	900,650		29,719		4.41		939,848		34,661		4.93
Other earning assets	89,230		2,254		3.37		101,382		2,602		3.43
Total earning assets⁽⁴⁾	1,763,600		43,952		3.33		1,851,736		51,387		3.72
Cash and cash equivalents ⁽¹⁾	117,105		147				118,792		150
Other assets, less allowance for loan and lease losses	304,269						355,704
Total assets	$	2,184,974					$	2,326,232

⁽¹⁾


⁽²⁾	Yields on available-for-sale debt securities are calculated based on fair value rather than the cost basis. The use of fair value does not have a material impact on net interest yield.


⁽³⁾	Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.


⁽⁴⁾	The impact of interest rate risk management derivatives on interest income is presented below. Interest income includes the impact of interest rate risk management contracts, which increased (decreased) interest income on:



	2012				2011
Federal funds sold and securities borrowed or purchased under agreements to resell		$	110			$	141
Trading account assets		—				(158		)
Debt securities		(665		)		(2,092		)
U.S. commercial		(51		)		(41		)
Non-U.S. commercial		(2		)		(2		)
Net hedge expenses on assets		$	(608	)		$	(2,152	)

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	12



Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates - Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Nine Months Ended September 30
	2012						2011
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	41,506	$	39	0.12	%	$	40,618	$	84	0.28	%
NOW and money market deposit accounts	461,720		547		0.16		476,002		868		0.24
Consumer CDs and IRAs	97,003		537		0.74		113,428		825		0.97
Negotiable CDs, public funds and other deposits	21,273		101		0.63		15,478		86		0.74
Total U.S. interest-bearing deposits	621,502		1,224		0.26		645,526		1,863		0.39
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	15,544		72		0.62		20,600		109		0.71
Governments and official institutions	1,067		3		0.37		2,159		6		0.35
Time, savings and other	53,328		253		0.63		63,212		408		0.86
Total non-U.S. interest-bearing deposits	69,939		328		0.63		85,971		523		0.81
Total interest-bearing deposits	691,441		1,552		0.30		731,497		2,386		0.44
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings	312,376		2,717		1.16		337,583		3,678		1.46
Trading account liabilities	78,041		1,343		2.30		89,302		1,801		2.70
Long-term debt	329,320		7,485		3.03		431,902		9,043		2.80
Total interest-bearing liabilities ⁽¹⁾	1,411,178		13,097		1.24		1,590,284		16,908		1.42
Noninterest-bearing sources:
Noninterest-bearing deposits	346,169						305,408
Other liabilities	192,901						201,155
Shareholders’ equity	234,726						229,385
Total liabilities and shareholders’ equity	$	2,184,974					$	2,326,232
Net interest spread					2.09	%					2.30	%
Impact of noninterest-bearing sources					0.24						0.19
Net interest income/yield on earning assets ⁽²⁾			$	30,855	2.33	%			$	34,479	2.49	%


⁽¹⁾	The impact of interest rate risk management derivatives on interest expense is presented below. Interest expense includes the impact of interest rate risk management contracts, which increased(decreased) interest expense on:



	2012				2011
NOW and money market deposit accounts		$	(1	)		$	(1	)
Consumer CDs and IRAs		72				137
Negotiable CDs, public funds and other deposits		10				10
Banks located in non-U.S. countries		10				47
Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings		955				1,427
Long-term debt		(2,749		)		(3,497		)
Net hedge income on liabilities		$	(1,703	)		$	(1,877	)

⁽²⁾

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	13



Bank of America Corporation and Subsidiaries
Debt Securities and Available-for-Sale Marketable Equity Securities
(Dollars in millions)
	September 30, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
U.S. Treasury and agency securities	$	24,794	$	236	$	(235	)	$	24,795
Mortgage-backed securities:
Agency	196,976		7,091		(24		)	204,043
Agency collateralized mortgage obligations	38,863		1,412		(128		)	40,147
Non-agency residential	9,772		377		(147		)	10,002
Non-agency commercial	3,733		394		—			4,127
Non-U.S. securities	5,709		50		(11		)	5,748
Corporate bonds	2,018		83		(18		)	2,083
Other taxable securities, substantially all asset-backed securities	12,128		85		(16		)	12,197
Total taxable securities	293,993		9,728		(579		)	303,142
Tax-exempt securities	2,840		17		(50		)	2,807
Total available-for-sale debt securities	296,833		9,745		(629		)	305,949
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	39,898		1,230		—			41,128
Total debt securities	$	336,731	$	10,975	$	(629	)	$	347,077
Available-for-sale marketable equity securities ⁽¹⁾	$	783	$	526	$	(5	)	$	1,304

	June 30, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
U.S. Treasury and agency securities	$	30,034	$	237	$	(440	)	$	29,831
Mortgage-backed securities:
Agency	189,167		5,075		(51		)	194,191
Agency collateralized mortgage obligations	38,553		752		(156		)	39,149
Non-agency residential	10,514		256		(255		)	10,515
Non-agency commercial	3,751		376		—			4,127
Non-U.S. securities	5,736		37		(8		)	5,765
Corporate bonds	2,073		75		(26		)	2,122
Other taxable securities, substantially all asset-backed securities	11,494		68		(40		)	11,522
Total taxable securities	291,322		6,876		(976		)	297,222
Tax-exempt securities	2,862		17		(52		)	2,827
Total available-for-sale debt securities	294,184		6,893		(1,028		)	300,049
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	35,168		826		—			35,994
Total debt securities	$	329,352	$	7,719	$	(1,028	)	$	336,043
Available-for-sale marketable equity securities ⁽¹⁾	$	62	$	27	$	(6	)	$	83


⁽¹⁾	Classified in other assets on the Consolidated Balance Sheet.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	14



Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment
(Dollars in millions)
	Third Quarter 2012
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	10,167	$	4,651	$	729		$	2,264		$	846		$	1,458	$	219
Noninterest income (loss)	10,490		2,419		2,367			1,883			2,260			2,820		(1,259		)
Total revenue, net of interest expense (FTE basis)	20,657		7,070		3,096			4,147			3,106			4,278		(1,040		)
Provision for credit losses	1,774		970		264			68			21			61		390
Noninterest expense	17,544		4,061		4,224			2,023			2,545			3,355		1,336
Income (loss) before income taxes	1,339		2,039		(1,392		)	2,056			540			862		(2,766		)
Income tax expense (benefit) (FTE basis)	999		754		(515		)	761			899			320		(1,220		)
Net income (loss)	$	340	$	1,285	$	(877	)	$	1,295		$	(359	)	$	542	$	(1,546	)

Average
Total loans and leases	$	888,859	$	133,881	$	103,708		$	267,390		n/m			$	106,092	$	249,831
Total assets ⁽¹⁾	2,173,312		533,981		141,779			355,670			$	584,332		280,840		276,710
Total deposits	1,049,697		480,342		n/m			252,226			n/m			253,942		26,742
Period end
Total loans and leases	$	893,035	$	133,308	$	99,890		$	272,052		n/m			$	107,500	$	246,255
Total assets ⁽¹⁾	2,166,162		540,260		139,366			355,417			$	583,203		283,949		263,967
Total deposits	1,063,307		486,857		n/m			260,030			n/m			256,114		24,960

	Second Quarter 2012
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	9,782	$	4,705	$	714		$	2,184		$	650		$	1,446	$	83
Noninterest income	12,420		2,621		1,807			2,102			2,715			2,871		304
Total revenue, net of interest expense (FTE basis)	22,202		7,326		2,521			4,286			3,365			4,317		387
Provision for credit losses	1,773		1,131		186			(113		)	(14		)	47		536
Noninterest expense	17,048		4,360		3,552			2,165			2,712			3,402		857
Income (loss) before income taxes	3,381		1,835		(1,217		)	2,234			667			868		(1,006		)
Income tax expense (benefit) (FTE basis)	918		680		(451		)	827			206			321		(665		)
Net income (loss)	$	2,463	$	1,155	$	(766	)	$	1,407		$	461		$	547	$	(341	)

Average
Total loans and leases	$	899,498	$	136,872	$	106,725		$	267,813		n/m			$	104,102	$	257,340
Total assets ⁽¹⁾	2,194,563		531,747		152,777			341,151			$	581,952		276,914		310,022
Total deposits	1,032,888		476,580		n/m			239,161			n/m			251,121		31,167
Period end
Total loans and leases	$	892,315	$	135,523	$	105,304		$	265,395		n/m			$	105,395	$	253,503
Total assets ⁽¹⁾	2,160,854		537,647		147,638			340,744			$	561,815		277,988		295,022
Total deposits	1,035,225		481,939		n/m			241,529			n/m			249,755		26,972

	Third Quarter 2011
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	10,739	$	5,149	$	922		$	2,323		$	925		$	1,412	$	8
Noninterest income	17,963		2,978		1,900			1,628			2,369			2,826		6,262
Total revenue, net of interest expense (FTE basis)	28,702		8,127		2,822			3,951			3,294			4,238		6,270
Provision for credit losses	3,407		1,132		918			(182		)	3			162		1,374
Noninterest expense	17,613		4,347		3,826			2,217			2,966			3,500		757
Income (loss) before income taxes	7,682		2,648		(1,922		)	1,916			325			576		4,139
Income tax expense (benefit) (FTE basis)	1,450		984		(801		)	710			878			214		(535		)
Net income (loss)	$	6,232	$	1,664	$	(1,121	)	$	1,206		$	(553	)	$	362	$	4,674

Average
Total loans and leases	$	942,032	$	151,492	$	120,079		$	268,174		n/m			$	102,786	$	286,753
Total assets ⁽¹⁾	2,301,454		519,512		182,843			348,087			$	604,333		290,974		355,705
Total deposits	1,051,320		464,256		n/m			246,395			n/m			255,882		52,742
Period end
Total loans and leases	$	932,531	$	149,739	$	119,823		$	273,547		n/m			$	102,362	$	274,270
Total assets ⁽¹⁾	2,219,628		520,125		188,769			341,100			$	552,772		280,897		335,965
Total deposits	1,041,353		465,774		n/m			236,565			n/m			251,251		52,946


⁽¹⁾	Total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	15



Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment
(Dollars in millions)
	Nine Months Ended September 30, 2012
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	31,002		$	14,436	$	2,218		$	6,847		$	2,294		$	4,482	$	725
Noninterest income (loss)	34,342			7,383		6,073			6,035			8,370			8,472		(1,991		)
Total revenue, net of interest expense (FTE basis)	65,344			21,819		8,291			12,882			10,664			12,954		(1,266		)
Provision for credit losses	5,965			2,978		957			(283		)	(13		)	154		2,172
Noninterest expense	53,733			12,672		11,678			6,364			8,333			10,201		4,485
Income (loss) before income taxes	5,646			6,169		(4,344		)	6,801			2,344			2,599		(7,923		)
Income tax expense (benefit) (FTE basis)	2,190			2,276		(1,558		)	2,509			1,444			960		(3,441		)
Net income (loss)	$	3,456		$	3,893	$	(2,786	)	$	4,292		$	900		$	1,639	$	(4,482	)

Average
Total loans and leases	$	900,650		$	137,431	$	107,051		$	270,747		n/m			$	104,416	$	257,067
Total assets ⁽¹⁾	2,184,974			529,811		151,186			348,461			$	574,993		280,893		299,630
Total deposits	1,037,610			474,409		n/m			243,028			n/m			252,595		32,518
Period end
Total loans and leases	$	893,035		$	133,308	$	99,890		$	272,052		n/m			$	107,500	$	246,255
Total assets ⁽¹⁾	2,166,162			540,260		139,366			355,417			$	583,203		283,949		263,967
Total deposits	1,063,307			486,857		n/m			260,030			n/m			256,114		24,960

	Nine Months Ended September 30, 2011
	Total Corporation			Consumer & Business Banking		Consumer Real Estate Services			Global Banking			Global Markets			GWIM		All Other
Net interest income (FTE basis)	$	34,629		$	16,299	$	2,398		$	7,181		$	2,819		$	4,555	$	1,377
Noninterest income (loss)	34,651			8,975		(8,828		)	6,130			10,161			8,674		9,539
Total revenue, net of interest expense (FTE basis)	69,280			25,274		(6,430		)	13,311			12,980			13,229		10,916
Provision for credit losses	10,476			2,193		3,523			(862		)	(38		)	280		5,380
Noninterest expense	60,752			13,291		17,222			6,748			9,343			10,702		3,446
Income (loss) before income taxes	(1,948		)	9,790		(27,175		)	7,425			3,675			2,247		2,090
Income tax expense (benefit) (FTE basis)	(1,403		)	3,586		(9,152		)	2,716			1,922			823		(1,298		)
Net income (loss)	$	(545	)	$	6,204	$	(18,023	)	$	4,709		$	1,753		$	1,424	$	3,388

Average
Total loans and leases	$	939,848		$	155,829	$	120,772		$	261,766		n/m			$	101,953	$	287,625
Total assets ⁽¹⁾	2,326,232			518,998		196,636			333,995			$	603,083		292,562		380,958
Total deposits	1,036,905			462,851		n/m			236,151			n/m			256,667		50,201
Period end
Total loans and leases	$	932,531		$	149,739	$	119,823		$	273,547		n/m			$	102,362	$	274,270
Total assets ⁽¹⁾	2,219,628			520,125		188,769			341,100			$	552,772		280,897		335,965
Total deposits	1,041,353			465,774		n/m			236,565			n/m			251,251		52,946


⁽¹⁾	Total assets include asset allocations to match liabilities (i.e., deposits).

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	16



Bank of America Corporation and Subsidiaries
Consumer & Business Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Net interest income (FTE basis)	$	14,436		$	16,299		$	4,651		$	4,705		$	5,080		$	5,080		$	5,149
Noninterest income:
Card income	3,934			4,983			1,325			1,331			1,278			1,303			1,720
Service charges	3,249			3,379			1,103			1,082			1,064			1,145			1,204
All other income (loss)	200			613			(9		)	208			1			78			54
Total noninterest income	7,383			8,975			2,419			2,621			2,343			2,526			2,978
Total revenue, net of interest expense (FTE basis)	21,819			25,274			7,070			7,326			7,423			7,606			8,127

Provision for credit losses	2,978			2,193			970			1,131			877			1,297			1,132

Noninterest expense	12,672			13,291			4,061			4,360			4,251			4,429			4,347
Income before income taxes	6,169			9,790			2,039			1,835			2,295			1,880			2,648
Income tax expense (FTE basis)	2,276			3,586			754			680			842			638			984
Net income	$	3,893		$	6,204		$	1,285		$	1,155		$	1,453		$	1,242		$	1,664

Net interest yield (FTE basis)	3.93		%	4.52		%	3.74		%	3.85		%	4.22		%	4.23		%	4.25		%
Return on average allocated equity	9.73			15.69			9.47			8.69			11.04			9.30			12.60
Return on average economic capital ⁽¹⁾	22.69			37.42			21.77			20.29			26.13			22.08			30.42
Efficiency ratio (FTE basis)	58.08			52.59			57.43			59.52			57.26			58.24			53.48

Balance Sheet
Average
Total loans and leases	$	137,431		$	155,829		$	133,881		$	136,872		$	141,578		$	147,150		$	151,492
Total earning assets⁽²⁾	490,393			482,003			494,485			492,085			484,565			476,399			480,312
Total assets ⁽²⁾	529,811			518,998			533,981			531,747			523,658			515,339			519,512
Total deposits	474,409			462,851			480,342			476,580			466,240			459,819			464,256
Allocated equity	53,462			52,875			53,982			53,452			52,947			53,004			52,381
Economic capital ⁽¹⁾	22,977			22,225			23,535			22,967			22,425			22,417			21,781

Period end
Total loans and leases	$	133,308		$	149,739		$	133,308		$	135,523		$	138,909		$	146,378		$	149,739
Total earning assets⁽²⁾	499,604			481,158			499,604			497,920			502,788			480,972			481,158
Total assets ⁽²⁾	540,260			520,125			540,260			537,647			543,855			521,097			520,125
Total deposits	486,857			465,774			486,857			481,939			486,162			464,264			465,774

⁽¹⁾

Return on average economic capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average economic capital. Economic capital represents allocated equity less goodwill and a percentage of intangible assets. Economic capital and return on average economic capital are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides additional clarity in assessing the results of the segments. Other companies may define or calculate these measures differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)


⁽²⁾	Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits).

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	17



Bank of America Corporation and Subsidiaries
Consumer & Business Banking Year-to-Date Results
(Dollars in millions)
	Nine Months Ended September 30, 2012
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	14,436		$	5,916		$	7,575		$	945
Noninterest income:
Card income	3,934			—			3,934			—
Service charges	3,249			2,972			—			277
All other income (loss)	200			194			(79		)	85
Total noninterest income	7,383			3,166			3,855			362
Total revenue, net of interest expense (FTE basis)	21,819			9,082			11,430			1,307

Provision for credit losses	2,978			151			2,566			261

Noninterest expense	12,672			7,819			4,171			682
Income before income taxes	6,169			1,112			4,693			364
Income tax expense (FTE basis)	2,276			410			1,731			135
Net income	$	3,893		$	702		$	2,962		$	229

Net interest yield (FTE basis)	3.93		%	1.83		%	8.90		%	2.76		%
Return on average allocated equity	9.73			3.89			19.25			3.47
Return on average economic capital ⁽¹⁾	22.69			15.27			39.32			4.55
Efficiency ratio (FTE basis)	58.08			86.09			36.49			52.15

Balance Sheet
Average
Total loans and leases	$	137,431		n/m			$	112,689		$	23,998
Total earning assets ⁽²⁾	490,393			$	430,837		113,659			45,640
Total assets ⁽²⁾	529,811			457,011			119,741			52,802
Total deposits	474,409			431,516			n/m			42,562
Allocated equity	53,462			24,078			20,553			8,831
Economic capital ⁽¹⁾	22,977			6,152			10,092			6,733

Period end
Total loans and leases	$	133,308		n/m			$	109,358		$	23,150
Total earning assets ⁽²⁾	499,604			$	442,960		109,865			44,532
Total assets ⁽²⁾	540,260			468,885			116,921			52,207
Total deposits	486,857			442,875			n/m			43,055

	Nine Months Ended September 30, 2011
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	16,299		$	6,473		$	8,737		$	1,089
Noninterest income:
Card income	4,983			—			4,983			—
Service charges	3,379			2,964			—			415
All other income	613			177			342			94
Total noninterest income	8,975			3,141			5,325			509
Total revenue, net of interest expense (FTE basis)	25,274			9,614			14,062			1,598

Provision for credit losses	2,193			116			1,934			143

Noninterest expense	13,291			7,821			4,584			886
Income before income taxes	9,790			1,677			7,544			569
Income tax expense (FTE basis)	3,586			614			2,761			211
Net income	$	6,204		$	1,063		$	4,783		$	358

Net interest yield (FTE basis)	4.52		%	2.05		%	9.06		%	3.43		%
Return on average allocated equity	15.69			6.00			30.02			6.08
Return on average economic capital ⁽¹⁾	37.42			24.82			59.92			8.28
Efficiency ratio (FTE basis)	52.59			81.35			32.60			55.42

Balance Sheet
Average
Total loans and leases	$	155,829		n/m			$	127,755		$	27,423
Total earning assets ⁽²⁾	482,003			$	421,530		128,904			42,475
Total assets ⁽²⁾	518,998			447,926			131,172			50,807
Total deposits	462,851			422,452			n/m			40,103
Allocated equity	52,875			23,692			21,302			7,881
Economic capital ⁽¹⁾	22,225			5,740			10,699			5,786

Period end
Total loans and leases	$	149,739		n/m			$	122,222		$	26,839
Total earning assets ⁽²⁾	481,158			$	422,758		123,509			44,403
Total assets ⁽²⁾	520,125			449,469			128,747			51,422
Total deposits	465,774			424,267			n/m			41,182

For footnotes see page 20.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	18



Bank of America Corporation and Subsidiaries
Consumer & Business Banking Quarterly Results
(Dollars in millions)
	Third Quarter 2012
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	4,651		$	1,882		$	2,479		$	290
Noninterest income:
Card income	1,325			—			1,325			—
Service charges	1,103			1,012			—			91
All other income (loss)	(9		)	63			(100		)	28
Total noninterest income	2,419			1,075			1,225			119
Total revenue, net of interest expense (FTE basis)	7,070			2,957			3,704			409

Provision for credit losses	970			60			836			74

Noninterest expense	4,061			2,568			1,290			203
Income before income taxes	2,039			329			1,578			132
Income tax expense (FTE basis)	754			122			584			48
Net income	$	1,285		$	207		$	994		$	84

Net interest yield (FTE basis)	3.74		%	1.71		%	8.95		%	2.57		%
Return on average allocated equity	9.47			3.29			19.33			3.89
Return on average economic capital ⁽¹⁾	21.77			11.60			39.54			5.17
Efficiency ratio (FTE basis)	57.43			86.82			34.79			50.03

Balance Sheet
Average
Total loans and leases	$	133,881		n/m			$	109,707		$	23,375
Total earning assets ⁽²⁾	494,485			$	437,234		110,233			44,974
Total assets ⁽²⁾	533,981			463,248			116,760			51,929
Total deposits	480,342			436,688			n/m			43,294
Allocated equity	53,982			25,047			20,463			8,472
Economic capital ⁽¹⁾	23,535			7,127			10,034			6,374

Period end
Total loans and leases	$	133,308		n/m			$	109,358		$	23,150
Total earning assets ⁽²⁾	499,604			$	442,960		109,865			44,532
Total assets ⁽²⁾	540,260			468,885			116,921			52,207
Total deposits	486,857			442,875			n/m			43,055

	Second Quarter 2012
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	4,705		$	1,914		$	2,480		$	311
Noninterest income:
Card income	1,331			—			1,331			—
Service charges	1,082			991			—			91
All other income	208			71			106			31
Total noninterest income	2,621			1,062			1,437			122
Total revenue, net of interest expense (FTE basis)	7,326			2,976			3,917			433

Provision for credit losses	1,131			40			940			151

Noninterest expense	4,360			2,638			1,502			220
Income before income taxes	1,835			298			1,475			62
Income tax expense (FTE basis)	680			111			546			23
Net income	$	1,155		$	187		$	929		$	39

Net interest yield (FTE basis)	3.85		%	1.78		%	8.81		%	2.78		%
Return on average allocated equity	8.69			3.14			18.21			1.74
Return on average economic capital ⁽¹⁾	20.29			12.45			37.25			2.28
Efficiency ratio (FTE basis)	59.52			88.66			38.36			50.65

Balance Sheet
Average
Total loans and leases	$	136,872		n/m			$	112,127		$	24,025
Total earning assets ⁽²⁾	492,085			$	433,075		113,202			44,808
Total assets ⁽²⁾	531,747			459,217			119,316			52,213
Total deposits	476,580			433,781			n/m			42,475
Allocated equity	53,452			23,982			20,525			8,945
Economic capital ⁽¹⁾	22,967			6,056			10,065			6,846

Period end
Total loans and leases	$	135,523		n/m			$	111,071		$	23,700
Total earning assets ⁽²⁾	497,920			$	440,559		111,602			43,502
Total assets ⁽²⁾	537,647			466,362			118,288			50,739
Total deposits	481,939			439,470			n/m			41,563

For footnotes see page 20.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	19



Bank of America Corporation and Subsidiaries
Consumer & Business Banking Quarterly Results (continued)
(Dollars in millions)
	Third Quarter 2011
	Total Consumer & Business Banking			Deposits			Card Services			Business Banking
Net interest income (FTE basis)	$	5,149		$	1,987		$	2,820		$	342
Noninterest income:
Card income	1,720			—			1,720			—
Service charges	1,204			1,073			—			131
All other income (loss)	54			60			(42		)	36
Total noninterest income	2,978			1,133			1,678			167
Total revenue, net of interest expense (FTE basis)	8,127			3,120			4,498			509

Provision for credit losses	1,132			52			1,037			43

Noninterest expense	4,347			2,623			1,444			280
Income before income taxes	2,648			445			2,017			186
Income tax expense (FTE basis)	984			165			750			69
Net income	$	1,664		$	280		$	1,267		$	117

Net interest yield (FTE basis)	4.25		%	1.87		%	8.97		%	3.06		%
Return on average allocated equity	12.60			4.67			24.22			5.93
Return on average economic capital ⁽¹⁾	30.42			19.01			49.50			8.11
Efficiency ratio (FTE basis)	53.48			84.07			32.09			54.95

Balance Sheet
Average
Total loans and leases	$	151,492		n/m			$	123,547		$	27,258
Total earning assets ⁽²⁾	480,312			$	420,876		124,766			44,342
Total assets ⁽²⁾	519,512			447,620			129,170			52,394
Total deposits	464,256			422,331			n/m			41,622
Allocated equity	52,381			23,819			20,755			7,807
Economic capital ⁽¹⁾	21,781			5,872			10,194			5,715

Period end
Total loans and leases	$	149,739		n/m			$	122,222		$	26,839
Total earning assets ⁽²⁾	481,158			$	422,758		123,509			44,403
Total assets ⁽²⁾	520,125			449,469			128,747			51,422
Total deposits	465,774			424,267			n/m			41,182

⁽¹⁾


⁽²⁾	For presentation purposes, in segments or businesses where the total of liabilities and equity exceeds assets, we allocate assets to match liabilities. As a result, total earning assets and total assets of the businesses may not equal total Consumer & Business Banking.

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	20



Bank of America Corporation and Subsidiaries
Consumer & Business Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Average deposit balances
Checking	$	209,777		$	193,648		$	213,860		$	211,014		$	204,412		$	198,274		$	196,807
Savings	39,260			38,370			39,372			40,119			38,286			37,409			38,822
MMS	142,376			136,363			146,032			142,543			138,512			136,257			137,508
CDs and IRAs	78,768			90,528			76,840			78,642			80,844			83,719			87,105
Non-U.S. and other	4,228			3,942			4,238			4,262			4,186			4,160			4,014
Total average deposit balances	$	474,409		$	462,851		$	480,342		$	476,580		$	466,240		$	459,819		$	464,256

Deposit spreads (excludes noninterest costs)
Checking	2.63		%	3.24		%	2.45		%	2.64		%	2.81		%	2.95		%	3.09		%
Savings	2.79			3.33			2.62			2.78			2.97			3.11			3.25
MMS	1.23			1.42			1.15			1.22			1.30			1.35			1.37
CDs and IRAs	0.58			0.37			0.58			0.62			0.55			0.46			0.39
Non-U.S. and other	1.03			3.80			1.02			1.06			1.00			3.44			3.63
Total deposit spreads	1.86			2.14			1.75			1.87			1.96			2.03			2.09

Client brokerage assets	$	75,852		$	61,918		$	75,852		$	72,226		$	73,422		$	66,576		$	61,918

Online banking active accounts (units in thousands)	29,809			29,917			29,809			30,232			30,439			29,870			29,917
Mobile banking active accounts (units in thousands)	11,097			8,531			11,097			10,290			9,702			9,166			8,531
Banking centers	5,540			5,715			5,540			5,594			5,651			5,702			5,715
ATMs	16,253			17,752			16,253			16,220			17,255			17,756			17,752

U.S. credit card
Loans
Average credit card outstandings	$	95,540		$	106,569		$	93,292		$	95,018		$	98,334		$	102,241		$	103,671
Ending credit card outstandings	93,162			102,803			93,162			94,291			96,433			102,291			102,803
Credit quality
Net charge-offs	$	3,654		$	5,844		$	1,079		$	1,244		$	1,331		$	1,432		$	1,639
	5.11		%	7.33		%	4.60		%	5.27		%	5.44		%	5.55		%	6.28		%
30+ delinquency	$	2,855		$	4,019		$	2,855		$	2,948		$	3,384		$	3,823		$	4,019
	3.06		%	3.91		%	3.06		%	3.13		%	3.51		%	3.74		%	3.91		%
90+ delinquency	$	1,471		$	2,128		$	1,471		$	1,594		$	1,866		$	2,070		$	2,128
	1.58		%	2.07		%	1.58		%	1.69		%	1.93		%	2.02		%	2.07		%
Other U.S. credit card indicators
Gross interest yield	10.02		%	10.29		%	10.04		%	9.97		%	10.06		%	10.10		%	10.14		%
Risk adjusted margin	7.23			5.51			7.66			7.51			6.54			6.77			6.08
New account growth (in thousands)	2,421			2,238			857			782			782			797			851
Purchase volumes	$	141,872		$	141,457		$	48,189		$	48,886		$	44,797		$	50,901		$	48,547

Debit card data
Purchase volumes	$	192,146		$	186,819		$	64,121		$	64,993		$	63,032		$	63,726		$	62,774

Business Banking
Loans
Average outstandings	$	23,998		$	27,423		$	23,375		$	24,025		$	24,603		$	25,306		$	27,258

Credit spread	1.93		%	2.55		%	1.76		%	2.01		%	2.01		%	1.77		%	2.37		%

Credit quality
Net charge-offs	$	378		$	344		$	150		$	131		$	97		$	118		$	100
	2.10		%	1.68		%	2.54		%	2.21		%	1.58		%	1.85		%	1.46		%
Nonperforming assets	$	1,075		$	1,548		$	1,075		$	1,146		$	1,228		$	1,300		$	1,548
	4.65		%	5.77		%	4.65		%	4.84		%	5.04		%	5.20		%	5.77		%

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	21



Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Segment Results
(Dollars in millions; except as noted)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Net interest income (FTE basis)	$	2,218		$	2,398		$	729		$	714		$	775		$	809		$	922
Noninterest income:
Mortgage banking income (loss)	5,834			(10,523		)	2,192			1,811			1,831			2,329			1,800
Insurance income (loss)	8			753			1			1			6			(3		)	23
All other income (loss)	231			942			174			(5		)	62			140			77
Total noninterest income (loss)	6,073			(8,828		)	2,367			1,807			1,899			2,466			1,900
Total revenue, net of interest expense (FTE basis)	8,291			(6,430		)	3,096			2,521			2,674			3,275			2,822

Provision for credit losses	957			3,523			264			186			507			1,001			918

Goodwill impairment	—			2,603			—			—			—			—			—
All other noninterest expense	11,678			14,619			4,224			3,552			3,902			4,569			3,826
Loss before income taxes	(4,344		)	(27,175		)	(1,392		)	(1,217		)	(1,735		)	(2,295		)	(1,922		)
Income tax benefit (FTE basis)	(1,558		)	(9,152		)	(515		)	(451		)	(592		)	(853		)	(801		)
Net loss	$	(2,786	)	$	(18,023	)	$	(877	)	$	(766	)	$	(1,143	)	$	(1,442	)	$	(1,121	)

Net interest yield (FTE basis)	2.36		%	2.00		%	2.41		%	2.27		%	2.39		%	2.30		%	2.45		%

Balance Sheet
Average
Total loans and leases	$	107,051		$	120,772		$	103,708		$	106,725		$	110,755		$	116,993		$	120,079
Total earning assets	125,704			159,979			120,148			126,823			130,201			139,789			149,177
Total assets	151,186			196,636			141,779			152,777			159,105			171,763			182,843
Allocated equity	14,077			16,688			13,332			14,116			14,791			14,757			14,240
Economic capital ⁽¹⁾	14,077			14,884			13,332			14,116			14,791			14,757			14,240

Period end
Total loans and leases	$	99,890		$	119,823		$	99,890		$	105,304		$	109,264		$	112,359		$	119,823
Total earning assets	114,225			144,831			114,225			124,854			130,420			132,381			144,831
Total assets	139,366			188,769			139,366			147,638			158,207			163,712			188,769

Period end (in billions)
Mortgage servicing portfolio ⁽²⁾	$	1,475.7		$	1,917.4		$	1,475.7		$	1,586.4		$	1,686.7		$	1,763.0		$	1,917.4

⁽¹⁾

Economic capital represents allocated equity less goodwill and a percentage of intangible assets (excluding mortgage servicing rights). Economic capital is a non-GAAP financial measure. We believe the use of this non-GAAP financial measure provides additional clarity in assessing the results of the segment. Other companies may define or calculate this measure differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)


⁽²⁾	Includes servicing of residential mortgage loans, home equity lines of credit, home equity loans and discontinued real estate mortgage loans.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	22



Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Year-to-Date Results ⁽¹⁾
(Dollars in millions)
	Nine Months Ended September 30, 2012
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	2,218		$	1,013		$	1,205
Noninterest income:
Mortgage banking income	5,834			2,394			3,440
Insurance income	8			8			—
All other income (loss)	231			(22		)	253
Total noninterest income	6,073			2,380			3,693
Total revenue, net of interest expense (FTE basis)	8,291			3,393			4,898

Provision for credit losses	957			(5		)	962

Noninterest expense	11,678			2,430			9,248
Income (loss) before income taxes	(4,344		)	968			(5,312		)
Income tax expense (benefit) (FTE basis)	(1,558		)	357			(1,915		)
Net income (loss)	$	(2,786	)	$	611		$	(3,397	)

Balance Sheet
Average
Total loans and leases	$	107,051		$	50,598		$	56,453
Total earning assets	125,704			57,206			68,498
Total assets	151,186			58,202			92,984
Allocated equity	14,077			n/a			n/a
Economic capital ⁽²⁾	14,077			n/a			n/a

Period end
Total loans and leases	$	99,890		$	48,865		$	51,025
Total earning assets	114,225			56,137			58,088
Total assets	139,366			57,335			82,031

	Nine Months Ended September 30, 2011
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	2,398		$	1,444		$	954
Noninterest income:
Mortgage banking income (loss)	(10,523		)	1,873			(12,396		)
Insurance income	753			753			—
All other income	942			871			71
Total noninterest income (loss)	(8,828		)	3,497			(12,325		)
Total revenue, net of interest expense (FTE basis)	(6,430		)	4,941			(11,371		)

Provision for credit losses	3,523			171			3,352

Goodwill impairment	2,603			—			2,603
All other noninterest expense	14,619			3,837			10,782
Income (loss) before income taxes	(27,175		)	933			(28,108		)
Income tax expense (benefit) (FTE basis)	(9,152		)	346			(9,498		)
Net income (loss)	$	(18,023	)	$	587		$	(18,610	)

Balance Sheet
Average
Total loans and leases	$	120,772		$	54,785		$	65,987
Total earning assets	159,979			72,765			87,214
Total assets	196,636			73,705			122,931
Allocated equity	16,688			n/a			n/a
Economic capital ⁽²⁾	14,884			n/a			n/a

Period end
Total loans and leases	$	119,823		$	55,171		$	64,652
Total earning assets	144,831			66,614			78,217
Total assets	188,769			79,956			108,813

For footnotes see page 25.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	23



Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Quarterly Results ⁽¹⁾
(Dollars in millions)
	Third Quarter 2012
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	729		$	336		$	393
Noninterest income:
Mortgage banking income	2,192			853			1,339
Insurance income	1			1			—
All other income (loss)	174			(11		)	185
Total noninterest income	2,367			843			1,524
Total revenue, net of interest expense (FTE basis)	3,096			1,179			1,917

Provision for credit losses	264			(23		)	287

Noninterest expense	4,224			783			3,441
Income (loss) before income taxes	(1,392		)	419			(1,811		)
Income tax expense (benefit) (FTE basis)	(515		)	155			(670		)
Net income (loss)	$	(877	)	$	264		$	(1,141	)

Balance Sheet
Average
Total loans and leases	$	103,708		$	49,561		$	54,147
Total earning assets	120,148			56,285			63,863
Total assets	141,779			57,370			84,409
Allocated equity	13,332			n/a			n/a
Economic capital ⁽²⁾	13,332			n/a			n/a

Period end
Total loans and leases	$	99,890		$	48,865		$	51,025
Total earning assets	114,225			56,137			58,088
Total assets	139,366			57,335			82,031

	Second Quarter 2012
	Total Consumer Real Estate Services			Home Loans			Legacy Assets & Servicing
Net interest income (FTE basis)	$	714		$	330		$	384
Noninterest income:
Mortgage banking income	1,811			827			984
Insurance income	1			1			—
All other income (loss)	(5		)	(33		)	28
Total noninterest income	1,807			795			1,012
Total revenue, net of interest expense (FTE basis)	2,521			1,125			1,396

Provision for credit losses	186			(35		)	221

Noninterest expense	3,552			792			2,760
Income (loss) before income taxes	(1,217		)	368			(1,585		)
Income tax expense (benefit) (FTE basis)	(451		)	136			(587		)
Net income (loss)	$	(766	)	$	232		$	(998	)

Balance Sheet
Average
Total loans and leases	$	106,725		$	50,580		$	56,145
Total earning assets	126,823			57,869			68,954
Total assets	152,777			58,898			93,879
Allocated equity	14,116			n/a			n/a
Economic capital ⁽²⁾	14,116			n/a			n/a

Period end
Total loans and leases	$	105,304		$	50,112		$	55,192
Total earning assets	124,854			57,716			67,138
Total assets	147,638			58,986			88,652

For footnotes see page 25.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	24



Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Quarterly Results ⁽¹⁾ (continued)
(Dollars in millions)
	Third Quarter 2011
	Total Consumer Real Estate Services			Home Loans		Legacy Assets & Servicing
Net interest income (FTE basis)	$	922		$	446	$	476
Noninterest income:
Mortgage banking income (loss)	1,800			656		1,144
Insurance income	23			23		—
All other income	77			42		35
Total noninterest income (loss)	1,900			721		1,179
Total revenue, net of interest expense (FTE basis)	2,822			1,167		1,655

Provision for credit losses	918			50		868

Noninterest expense	3,826			1,068		2,758
Income (loss) before income taxes	(1,922		)	49		(1,971		)
Income tax expense (benefit) (FTE basis)	(801		)	18		(819		)
Net income (loss)	$	(1,121	)	$	31	$	(1,152	)

Balance Sheet
Average
Total loans and leases	$	120,079		$	54,858	$	65,221
Total earning assets	149,177			68,815		80,362
Total assets	182,843			71,422		111,421
Allocated equity	14,240			n/a		n/a
Economic capital ⁽²⁾	14,240			n/a		n/a

Period end
Total loans and leases	$	119,823		$	55,171	$	64,652
Total earning assets	144,831			66,614		78,217
Total assets	188,769			79,956		108,813

⁽¹⁾

Consumer Real Estate Services includes Home Loans and Legacy Assets & Servicing. The results of certain mortgage servicing right activities, including net hedge results which were previously included in Home Loans, together with any related assets or liabilities used as economic hedges are included in Legacy Assets & Servicing. The goodwill asset and related impairment charge that was recorded in 2011 are included in Legacy Assets & Servicing.

⁽²⁾

n/a = not applicable

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	25



Bank of America Corporation and Subsidiaries
Consumer Real Estate Services Key Indicators
(Dollars in millions, except as noted)
	Nine Months Ended September 30								Third Quarter 2012				Second Quarter 2012				First Quarter 2012				Fourth Quarter 2011				Third Quarter 2011
	2012				2011				Third Quarter 2012				Second Quarter 2012				First Quarter 2012				Fourth Quarter 2011				Third Quarter 2011
Mortgage servicing rights at fair value rollforward:
Balance, beginning of period	$	7,378			$	14,900			$	5,708			$	7,589			$	7,378			$	7,880			$	12,372
Net additions	155				1,050				85				(7		)		77				(290		)		33
Impact of customer payments ⁽¹⁾	(1,149		)		(2,009		)		(346		)		(282		)		(521		)		(612		)		(664		)
Other changes in mortgage servicing rights fair value ⁽²⁾	(1,297		)		(6,061		)		(360		)		(1,592		)		655				400				(3,861		)
Balance, end of period	$	5,087			$	7,880			$	5,087			$	5,708			$	7,589			$	7,378			$	7,880

Capitalized mortgage servicing rights (% of loans serviced for investors)	45			bps	52			bps	45			bps	47			bps	58			bps	54			bps	52			bps
Mortgage loans serviced for investors (in billions)	$	1,142			$	1,512			$	1,142			$	1,224			$	1,313			$	1,379			$	1,512

Loan production:
Total Corporation ⁽³⁾
First mortgage	$	53,558			$	130,142			$	20,315			$	18,005			$	15,238			$	21,614			$	33,038
Home equity	2,623				3,629				933				930				760				759				847
Consumer Real Estate Services
First mortgage	$	41,957			$	121,220			$	15,566			$	14,206			$	12,185			$	18,053			$	30,448
Home equity	2,067				3,114				746				724				597				580				660

Mortgage banking income (loss)
Production income (loss):
Core production revenue	$	2,756			$	2,295			$	942			$	885			$	929			$	502			$	803
Representations and warranties provision	(984		)		(15,328		)		(307		)		(395		)		(282		)		(264		)		(278		)
Total production income (loss)	1,772				(13,033		)		635				490				647				238				525
Servicing income:
Servicing fees	3,622				4,700				1,088				1,205				1,329				1,335				1,538
Impact of customer payments ⁽¹⁾	(1,149		)		(2,009		)		(346		)		(282		)		(521		)		(612		)		(664		)
Fair value changes of mortgage servicing rights, net of economic hedge results ⁽⁴⁾	948				(510		)		560				194				194				1,165				360
Other servicing-related revenue	641				329				255				204				182				203				41
Total net servicing income	4,062				2,510				1,557				1,321				1,184				2,091				1,275
Total Consumer Real Estate Services mortgage banking income (loss)	5,834				(10,523		)		2,192				1,811				1,831				2,329				1,800
Other business segments’ mortgage banking loss ⁽⁵⁾	(544		)		(426		)		(173		)		(152		)		(219		)		(210		)		(183		)
Total consolidated mortgage banking income (loss)	$	5,290			$	(10,949	)		$	2,019			$	1,659			$	1,612			$	2,119			$	1,617


⁽¹⁾	Represents the change in the market value of the mortgage servicing rights asset due to the impact of customer payments received during the period.


⁽²⁾	These amounts reflect the change in discount rates and prepayment speed assumptions, mostly due to changes in interest rates, as well as the effect of changes in other assumptions.


⁽³⁾	In addition to loan production in Consumer Real Estate Services, the remaining first mortgage and home equity loan production is primarily in GWIM.


⁽⁴⁾	Includes gains and losses on sales of mortgage servicing rights.


⁽⁵⁾	Includes the effect of transfers of mortgage loans from Consumer Real Estate Services to the asset and liability management portfolio included in All Other.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	26



Bank of America Corporation and Subsidiaries
Global Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Net interest income (FTE basis)	$	6,847		$	7,181		$	2,264		$	2,184		$	2,399		$	2,309		$	2,323
Noninterest income:
Service charges	2,418			2,618			796			815			807			802			828
Investment banking income	1,945			2,431			662			632			651			629			616
All other income	1,672			1,081			425			655			592			262			184
Total noninterest income	6,035			6,130			1,883			2,102			2,050			1,693			1,628
Total revenue, net of interest expense (FTE basis)	12,882			13,311			4,147			4,286			4,449			4,002			3,951

Provision for credit losses	(283		)	(862		)	68			(113		)	(238		)	(256		)	(182		)

Noninterest expense	6,364			6,748			2,023			2,165			2,176			2,136			2,217
Income before income taxes	6,801			7,425			2,056			2,234			2,511			2,122			1,916
Income tax expense (FTE basis)	2,509			2,716			761			827			921			785			710
Net income	$	4,292		$	4,709		$	1,295		$	1,407		$	1,590		$	1,337		$	1,206

Net interest yield (FTE basis)	3.02		%	3.34		%	2.92		%	2.97		%	3.18		%	3.04		%	3.06		%
Return on average allocated equity	12.47			13.17			11.15			12.31			13.98			11.51			10.03
Return on average economic capital ⁽¹⁾	27.18			27.06			24.14			26.83			30.67			25.06			20.87
Efficiency ratio (FTE basis)	49.40			50.70			48.74			50.53			48.92			53.36			56.12

Balance Sheet
Average
Total loans and leases	$	270,747		$	261,766		$	267,390		$	267,813		$	277,076		$	276,850		$	268,174
Total earnings assets ⁽²⁾	302,493			287,388			308,357			295,915			303,142			300,912			301,384
Total assets ⁽²⁾	348,461			333,995			355,670			341,151			348,483			347,255			348,087
Total deposits	243,028			236,151			252,226			239,161			237,598			240,757			246,395
Allocated equity	45,967			47,820			46,223			45,958			45,719			46,087			47,682
Economic capital ⁽¹⁾	21,111			23,291			21,371			21,102			20,858			21,188			22,958

Period end
Total loans and leases	$	272,052		$	273,547		$	272,052		$	265,395		$	272,286		$	278,177		$	273,547
Total earnings assets ⁽²⁾	308,370			293,814			308,370			293,840			293,509			301,662			293,814
Total assets ⁽²⁾	355,417			341,100			355,417			340,744			340,740			348,773			341,100
Total deposits	260,030			236,565			260,030			241,529			237,697			246,360			236,565

⁽¹⁾

Return on average economic capital is calculated as net income, adjusted for cost of funds and earnings credit and certain expenses related to intangibles, divided by average economic capital. Economic capital represents allocated equity less goodwill and a percentage of intangible assets. Economic capital and return on average economic capital are non-GAAP financial measures. We believe the use of these non-GAAP financial measures provide additional clarity in assessing the results of the segments. Other companies may define or calculate this measure differently. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 47-50.)


⁽²⁾	Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits).

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	27



Bank of America Corporation and Subsidiaries
Global Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Investment Banking fees ⁽¹⁾
Advisory ⁽²⁾	$	710		$	918		$	206		$	314		$	190		$	265		$	260
Debt issuance	935			1,034			341			247			347			253			227
Equity issuance	300			479			115			71			114			111			129
Total Investment Banking fees⁽³⁾	$	1,945		$	2,431		$	662		$	632		$	651		$	629		$	616

Business Lending
Corporate	$	2,509		$	2,547		$	779		$	850		$	880		$	693		$	775
Commercial	3,400			3,750			1,137			1,122			1,141			1,169			1,161
Total Business Lending revenue⁽³⁾	$	5,909		$	6,297		$	1,916		$	1,972		$	2,021		$	1,862		$	1,936

Treasury Services
Corporate	$	1,913		$	1,875		$	649		$	620		$	644		$	632		$	617
Commercial	2,731			2,649			881			900			950			917			864
Total Treasury Services revenue ⁽³⁾	$	4,644		$	4,524		$	1,530		$	1,520		$	1,594		$	1,549		$	1,481

Average deposit balances
Interest-bearing	$	74,863		$	94,126		$	73,931		$	74,387		$	76,280		$	78,626		$	90,797
Noninterest-bearing	168,165			142,025			178,295			164,774			161,318			162,131			155,598
Total average deposits	$	243,028		$	236,151		$	252,226		$	239,161		$	237,598		$	240,757		$	246,395

Loan spread	1.86		%	2.10		%	1.86		%	1.82		%	1.90		%	1.85		%	1.97		%

Provision for credit losses	$	(283	)	$	(862	)	$	68		$	(113	)	$	(238	)	$	(256	)	$	(182	)

Credit quality ^{(4, 5)}
Reservable utilized criticized exposure	$	12,390		$	22,859		$	12,390		$	14,843		$	17,983		$	20,072		$	22,859
	4.50		%	8.13		%	4.50		%	5.42		%	6.43		%	7.05		%	8.13		%

Nonperforming loans, leases and foreclosed properties	$	2,647		$	5,377		$	2,647		$	3,305		$	4,130		$	4,646		$	5,377
	0.99		%	2.00		%	0.99		%	1.27		%	1.54		%	1.70		%	2.00		%

Average loans and leases by product
U.S. commercial	$	126,731		$	118,140		$	125,910		$	125,425		$	128,866		$	124,887		$	119,159
Commercial real estate	32,642			38,697			31,947			32,335			33,651			34,603			36,458
Commercial lease financing	23,241			23,205			23,214			23,123			23,387			23,050			23,101
Non-U.S. commercial	49,417			39,796			50,032			49,089			49,125			50,878			47,180
Direct/Indirect consumer	38,710			41,904			36,283			37,834			42,040			43,427			42,254
Other	6			24			4			7			7			5			22
Total average loans and leases	$	270,747		$	261,766		$	267,390		$	267,813		$	277,076		$	276,850		$	268,174

Total Corporation Investment Banking fees
Advisory ⁽²⁾	$	764		$	975		$	221		$	340		$	203		$	273		$	273
Debt issuance	2,291			2,294			867			647			777			589			511
Equity issuance	776			1,191			279			192			305			267			320
Total investment banking fees	3,831			4,460			1,367			1,179			1,285			1,129			1,104
Self-led	(132		)	(256		)	(31		)	(33		)	(68		)	(116		)	(162		)
Total Investment Banking fees	$	3,699		$	4,204		$	1,336		$	1,146		$	1,217		$	1,013		$	942


⁽¹⁾	Includes self-led deals and represents fees attributable to Global Banking under an internal sharing arrangement.


⁽²⁾	Advisory includes fees on debt and equity advisory and mergers and acquisitions.


⁽³⁾	Total Global Banking revenue includes certain insignificant items that are not included in Investment Banking fees, Business Lending revenue or Treasury Services revenue.

⁽⁴⁾

Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure is on an end-of-period basis and is also shown as a percentage of total reservable commercial utilized credit exposure, including loans and leases, standby letters of credit, financial guarantees, commercial letters of credit and bankers' acceptances.


⁽⁵⁾	Nonperforming loans, leases and foreclosed properties are on an end-of-period basis. The nonperforming ratio is nonperforming assets divided by loans, leases and foreclosed properties.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	28



Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings

	Nine Months Ended September 30, 2012
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
High-yield corporate debt	2	9.9	%	2	11.3	%
Leveraged loans	2	9.8		2	14.5
Mortgage-backed securities	6	7.8		5	8.9
Asset-backed securities	2	11.8		2	14.7
Convertible debt	4	7.2		2	16.8
Common stock underwriting	5	7.1		3	11.0
Investment-grade corporate debt	3	5.6		3	11.4
Syndicated loans	2	8.5		2	15.9
Net investment banking revenue	2	6.4		2	9.7
Announced mergers and acquisitions	8	12.4		6	15.1
Equity capital markets	5	7.1		2	11.4
Debt capital markets	5	5.1		4	8.7

Source: Dealogic data as of October 1, 2012. Figures above include self-led transactions.


•	Rankings based on deal volumes except for net investment banking revenue rankings which reflect fees.


•	Debt capital markets excludes loans but includes agencies.


•	Mergers and acquisitions fees included in investment banking revenues reflect 10 percent fee credit at announcement and 90 percent fee credit at completion as per Dealogic.


•	Mergers and acquisitions volume rankings are for announced transactions and provide credit to all investment banks advising the target or acquiror.


•	Each advisor receives full credit for the deal amount unless advising a minority stakeholder.

Highlights



Global top 3 rankings in:
High-yield corporate debt		Investment-grade corporate debt
Leveraged loans		Syndicated loans
Asset-backed securities

U.S. top 3 rankings in:
High-yield corporate debt		Common stock underwriting
Leveraged loans		Investment-grade corporate debt
Asset-backed securities		Syndicated loans
Convertible debt		Equity capital markets

Top 3 rankings excluding self-led deals:


Global:	Investment banking fees, High-yield corporate debt, Leveraged loans, Asset-backed securities, Investment-grade corporate debt, Syndicated loans


U.S.:	Investment banking fees, High-yield corporate debt, Leveraged loans, Asset-backed securities, Convertible debt, Common stock underwriting, Investment-grade corporate debt, Syndicated loans, Equity capital markets



This information is preliminary and based on company data available at the time of the presentation.	29



Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Net interest income (FTE basis)	$	2,294		$	2,819		$	846		$	650		$	798		$	863		$	925
Noninterest income:
Investment and brokerage services	1,380			1,788			425			445			510			447			584
Investment banking fees	1,546			1,788			553			437			556			425			438
Trading account profits	4,981			6,048			1,238			1,706			2,037			369			1,420
All other income (loss)	463			537			44			127			292			(300		)	(73		)
Total noninterest income	8,370			10,161			2,260			2,715			3,395			941			2,369
Total revenue, net of interest expense (FTE basis) ⁽¹⁾	10,664			12,980			3,106			3,365			4,193			1,804			3,294

Provision for credit losses	(13		)	(38		)	21			(14		)	(20		)	(18		)	3

Noninterest expense	8,333			9,343			2,545			2,712			3,076			2,893			2,966
Income (loss) before income taxes	2,344			3,675			540			667			1,137			(1,071		)	325
Income tax expense (benefit) (FTE basis)	1,444			1,922			899			206			339			(303		)	878
Net income (loss)	$	900		$	1,753		$	(359	)	$	461		$	798		$	(768	)	$	(553	)

Return on average allocated equity	6.87		%	9.92		%	n/m			10.83		%	17.52		%	n/m			n/m
Return on average economic capital ⁽²⁾	9.42			12.39			n/m			14.90			23.55			n/m			n/m
Efficiency ratio (FTE basis)	78.15			71.97			81.95		%	80.61			73.35			n/m			90.02		%

Balance Sheet
Average
Total trading-related assets ⁽³⁾	$	456,932		$	481,925		$	462,138		$	459,869		$	448,731		$	444,319		$	489,172
Total earning assets⁽³⁾	438,640			456,102			446,934			444,537			424,358			414,136			445,431
Total assets	574,993			603,083			584,332			581,952			558,594			552,861			604,333
Allocated equity	17,504			23,636			17,068			17,132			18,317			19,805			21,609
Economic capital ⁽²⁾	12,868			19,020			12,417			12,524			13,669			15,154			16,954

Period end
Total trading-related assets ⁽³⁾	$	455,161		$	446,697		$	455,161		$	443,948		$	440,091		$	397,876		$	446,697
Total earning assets⁽³⁾	445,210			413,677			445,210			428,940			417,580			372,851			413,677
Total assets	583,203			552,772			583,203			561,815			548,558			501,824			552,772

Trading-related assets (average)
Trading account securities	$	189,958		$	206,087		$	193,694		$	190,250		$	185,890		$	172,955		$	199,201
Reverse repurchases	160,988			166,437			162,040			160,832			160,079			162,507			174,574
Securities borrowed	50,784			48,580			51,757			53,297			47,286			46,476			46,930
Derivative assets	55,202			60,821			54,647			55,490			55,476			62,381			68,467
Total trading-related assets ⁽³⁾	$	456,932		$	481,925		$	462,138		$	459,869		$	448,731		$	444,319		$	489,172


⁽¹⁾	Substantially all of Global Markets total revenue is sales and trading revenue and investment banking fees, with a small portion related to certain revenue sharing agreements with other business segments. For additional sales and trading revenue information, see page 31.

⁽²⁾


⁽³⁾	Trading-related assets include assets which are not considered earning assets (i.e., derivative assets).

n/m = not meaningful

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	30



Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2012		Second Quarter 2012		First Quarter 2012		Fourth Quarter 2011			Third Quarter 2011
	2012		2011		Third Quarter 2012		Second Quarter 2012		First Quarter 2012		Fourth Quarter 2011			Third Quarter 2011
Sales and trading revenue ⁽¹⁾
Fixed income, currency and commodities	$	7,261	$	8,089	$	2,000	$	2,418	$	2,843	$	808		$	2,058
Equity income	2,330		3,273		664		759		907		670			957
Total sales and trading revenue	$	9,591	$	11,362	$	2,664	$	3,177	$	3,750	$	1,478		$	3,015

Sales and trading revenue, excluding DVA
Fixed income, currency and commodities	$	9,219	$	6,800	$	2,534	$	2,555	$	4,130	$	1,303		$	553
Equity income	2,544		3,087		712		778		1,054		649			753
Total sales and trading revenue, excluding DVA	$	11,763	$	9,887	$	3,246	$	3,333	$	5,184	$	1,952		$	1,306

Sales and trading revenue breakdown
Net interest income	$	2,294	$	2,819	$	846	$	650	$	798	$	863		$	925
Commissions	1,380		1,788		425		445		510		447			584
Trading	4,981		6,048		1,238		1,706		2,037		369			1,420
Other	936		707		155		376		405		(201		)	86
Total sales and trading revenue	$	9,591	$	11,362	$	2,664	$	3,177	$	3,750	$	1,478		$	3,015


⁽¹⁾	Includes Global Banking sales and trading revenue of $473 million and $170 million for the nine months ended September 30, 2012 and 2011; $111 million, $249 million and $113 million for the third, second and first quarters of 2012, and $99 million and $159 million for the fourth and third quarters of 2011, respectively.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	31



Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Net interest income (FTE basis)	$	4,482		$	4,555		$	1,458		$	1,446		$	1,578		$	1,497		$	1,412
Noninterest income:
Investment and brokerage services	6,922			7,120			2,293			2,333			2,296			2,190			2,364
All other income	1,550			1,554			527			538			485			481			462
Total noninterest income	8,472			8,674			2,820			2,871			2,781			2,671			2,826
Total revenue, net of interest expense (FTE basis)	12,954			13,229			4,278			4,317			4,359			4,168			4,238

Provision for credit losses	154			280			61			47			46			118			162

Noninterest expense	10,201			10,702			3,355			3,402			3,444			3,627			3,500
Income before income taxes	2,599			2,247			862			868			869			423			576
Income tax expense (FTE basis)	960			823			320			321			319			157			214
Net income	$	1,639		$	1,424		$	542		$	547		$	550		$	266		$	362

Net interest yield (FTE basis)	2.29		%	2.23		%	2.22		%	2.26		%	2.39		%	2.24		%	2.07		%
Return on average allocated equity	12.14			10.72			11.42			12.24			12.84			5.92			8.06
Return on average economic capital ⁽¹⁾	29.88			27.40			26.31			30.25			33.98			15.10			20.55
Efficiency ratio (FTE basis)	78.75			80.90			78.45			78.79			79.00			87.00			82.58

Balance Sheet
Average
Total loans and leases	$	104,416		$	101,953		$	106,092		$	104,102		$	103,036		$	102,709		$	102,786
Total earning assets ⁽²⁾	261,148			272,523			261,219			256,958			265,267			265,077			271,207
Total assets ⁽²⁾	280,893			292,562			280,840			276,914			284,926			284,629			290,974
Total deposits	252,595			256,667			253,942			251,121			252,705			250,040			255,882
Allocated equity	18,027			17,772			18,871			17,974			17,228			17,845			17,826
Economic capital ⁽¹⁾	7,407			7,064			8,271			7,353			6,587			7,182			7,135

Period end
Total loans and leases	$	107,500		$	102,362		$	107,500		$	105,395		$	102,903		$	103,460		$	102,362
Total earning assets ⁽²⁾	263,674			260,939			263,674			257,884			258,200			263,501			260,939
Total assets ⁽²⁾	283,949			280,897			283,949			277,988			278,184			284,062			280,897
Total deposits	256,114			251,251			256,114			249,755			252,755			253,264			251,251

⁽¹⁾


⁽²⁾	Total earning assets and total assets include asset allocations to match liabilities (i.e., deposits).

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	32



Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management - Key Indicators
(Dollars in millions, except as noted)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012		Fourth Quarter 2011		Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012		Fourth Quarter 2011		Third Quarter 2011
Revenues
Merrill Lynch Global Wealth Management	$	10,950		$	11,156		$	3,631		$	3,638		$	3,681	$	3,464	$	3,596
U.S. Trust	1,934			2,014			627			654			653		679		626
Other ⁽¹⁾	70			59			20			25			25		25		16
Total revenues	$	12,954		$	13,229		$	4,278		$	4,317		$	4,359	$	4,168	$	4,238

Client Balances
Client Balances by Business
Merrill Lynch Global Wealth Management	$	1,863,855		$	1,686,404		$	1,863,855		$	1,802,271		$	1,841,106	$	1,749,059	$	1,686,404
U.S. Trust	332,792			315,244			332,792			323,711			333,876		324,003		315,244
Other ⁽¹⁾	64,239			65,153			64,239			66,091			66,309		66,182		65,153

Client Balances by Type
Assets under management	$	707,769		$	616,899		$	707,769		$	682,227		$	692,959	$	647,126	$	616,899
Client brokerage assets	1,070,785			986,718			1,070,785			1,039,942			1,074,454		1,024,193		986,718
Assets in custody	115,356			106,293			115,356			111,357			114,938		107,989		106,293
Client deposits	256,114			251,251			256,114			249,755			252,755		253,264		251,251
Loans and leases ⁽²⁾	110,862			105,640			110,862			108,792			106,185		106,672		105,640
Total client balances	$	2,260,886		$	2,066,801		$	2,260,886		$	2,192,073		$	2,241,291	$	2,139,244	$	2,066,801

Assets Under Management Flows
Liquidity assets under management ⁽³⁾	$	(1,927	)	$	(12,998	)	$	(1,875	)	$	(122	)	$	70	$	1,029	$	(2,568	)
Long-term assets under management ⁽⁴⁾	17,571			23,187			5,706			4,113			7,752		4,462		4,493
Total assets under management flows	$	15,644		$	10,189		$	3,831		$	3,991		$	7,822	$	5,491	$	1,925

Associates ⁽⁵⁾
Number of Financial Advisors	17,533			17,094			17,533			17,534			17,512		17,308		17,094
Total Wealth Advisors	18,826			18,498			18,826			18,843			18,840		18,667		18,498
Total Client Facing Professionals	21,652			21,624			21,652			21,712			21,912		21,784		21,624

Merrill Lynch Global Wealth Management Metrics
Financial Advisory Productivity ⁽⁶⁾ (in thousands)	$	910		$	963		$	910		$	915		$	905	$	882	$	921

U.S. Trust Metrics
Client Facing Professionals	2,120			2,270			2,120			2,161			2,223		2,247		2,270


⁽¹⁾	Other includes the results of BofA Global Capital Management (the former Columbia cash management business) and other administrative items.


⁽²⁾	Includes margin receivables which are classified in other assets on the Consolidated Balance Sheet.


⁽³⁾	Defined as assets under advisory and discretion of GWIM in which the investment strategy seeks a high level of income while maintaining liquidity and capital preservation. The duration of these strategies is less than one year.


⁽⁴⁾	Defined as assets under advisory and discretion of GWIM in which the duration of the investment strategy is longer than one year.


⁽⁵⁾	Includes Financial Advisors in the Consumer & Business Banking segment of 1,457 and 1,032 for the nine months ended September 30, 2012 and 2011 and 1,457, 1,383, 1,337, 1,143 and 1,032 at September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011 and September 30, 2011, respectively.


⁽⁶⁾	Financial Advisor Productivity is defined as annualized Merrill Lynch Global Wealth Management total revenue divided by the total number of financial advisors (excluding Financial Advisors in the Consumer & Business Banking segment). Total revenue excludes corporate allocation of net interest income related to certain ALM activities.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	33



Bank of America Corporation and Subsidiaries
All Other Results ⁽¹⁾
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Net interest income (FTE basis)	$	725		$	1,377		$	219		$	83		$	423		$	401		$	8
Noninterest income:
Card income ⁽²⁾	264			375			93			84			87			91			72
Equity investment income (loss)	519			3,935			165			(63		)	417			3,109			1,380
Gains on sales of debt securities	1,393			1,996			327			354			712			1,101			697
All other income (loss)	(4,167		)	3,233			(1,844		)	(71		)	(2,252		)	(411		)	4,113
Total noninterest income	(1,991		)	9,539			(1,259		)	304			(1,036		)	3,890			6,262
Total revenue, net of interest expense (FTE basis)	(1,266		)	10,916			(1,040		)	387			(613		)	4,291			6,270

Provision for credit losses	2,172			5,380			390			536			1,246			792			1,374

Goodwill impairment	—			—			—			—			—			581			—
Merger and restructuring charges	—			537			—			—			—			101			176
All other noninterest expense	4,485			2,909			1,336			857			2,292			1,186			581
Income (loss) before income taxes	(7,923		)	2,090			(2,766		)	(1,006		)	(4,151		)	1,631			4,139
Income tax expense (benefit) (FTE basis)	(3,441		)	(1,298		)	(1,220		)	(665		)	(1,556		)	275			(535		)
Net income (loss)	$	(4,482	)	$	3,388		$	(1,546	)	$	(341	)	$	(2,595	)	$	1,356		$	4,674

Balance Sheet
Average
Total loans and leases	$	257,067		$	287,625		$	249,831		$	257,340		$	264,110		$	272,807		$	286,753
Total assets ⁽³⁾	299,630			380,958			276,710			310,022			312,408			335,720			355,705
Total deposits	32,518			50,201			26,742			31,167			39,707			46,030			52,742
Allocated equity ⁽⁴⁾	85,689			70,594			86,563			86,926			83,564			76,737			68,672

Period end
Total loans and leases	$	246,255		$	274,270		$	246,255		$	253,503		$	259,998		$	267,622		$	274,270
Total assets ⁽⁵⁾	263,967			335,965			263,967			295,022			311,905			309,578			335,965
Total deposits	24,960			52,946			24,960			26,972			30,055			32,834			52,946

⁽¹⁾

All Other consists of two broad groupings, Equity Investments and Other. Equity Investments includes Global Principal Investments, Strategic and certain other investments. Other includes liquidating businesses, merger and restructuring charges, ALM activities such as the residential mortgage portfolio and investment securities, as well as economic hedges, gains/losses on structured liabilities, the impact of certain allocation methodologies and accounting hedge ineffectiveness. Other also includes certain residential mortgage and discontinued real estate loans that are managed by Legacy Assets & Servicing within Consumer Real Estate Services.


⁽²⁾	During the third quarter of 2011, the international consumer card business results were moved to All Other from Consumer & Business Banking and prior periods were reclassified.


⁽³⁾	Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) of $522.6 billion and $499.3 billion for the nine months ended September 30, 2012 and 2011; $539.0 billion, $516.7 billion, $511.9 billion, $493.7 billion and $509.8 billion for the third, second and first quarters of 2012, and the fourth and third quarters of 2011, respectively.


⁽⁴⁾	Represents the economic capital assigned to All Other as well as the remaining portion of equity not specifically allocated to the business segments.


⁽⁵⁾	Includes elimination of segments’ excess asset allocations to match liabilities (i.e., deposits) of $539.0 billion, $526.5 billion, $519.3 billion, $495.3 billion and $489.5 billion at September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011 and September 30, 2011, respectively.

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	34



Bank of America Corporation and Subsidiaries
Equity Investments
(Dollars in millions)
	Global Principal Investments Exposures								Equity Investment Income
	September 30, 2012						June 30 2012		September 30, 2012
	Book Value		Unfunded Commitments		Total		Total		Three Months Ended			Nine Months Ended
Global Principal Investments:
Private Equity Investments	$	1,124	$	66	$	1,190	$	1,311	$	100		$	167
Global Real Estate	496		30		526		733		(37		)	10
Global Strategic Capital	1,319		132		1,451		1,503		94			190
Legacy/Other Investments	735		9		744		858		(1		)	55
Total Global Principal Investments	$	3,674	$	237	$	3,911	$	4,405	$	156		$	422



Components of Equity Investment Income
(Dollars in millions)
	Nine Months Ended September 30				Third Quarter 2012		Second Quarter 2012			First Quarter 2012		Fourth Quarter 2011		Third Quarter 2011
	2012		2011		Third Quarter 2012		Second Quarter 2012			First Quarter 2012		Fourth Quarter 2011		Third Quarter 2011
Global Principal Investments	$	422	$	188	$	156	$	(137	)	$	403	$	212	$	(1,580	)
Strategic and other investments	97		3,747		9		74			14		2,897		2,960
Total equity investment income (loss) included in All Other	519		3,935		165		(63		)	417		3,109		1,380
Total equity investment income included in the business segments	852		198		73		431			348		118		66
Total consolidated equity investment income	$	1,371	$	4,133	$	238	$	368		$	765	$	3,227	$	1,446

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	35



Bank of America Corporation and Subsidiaries
Outstanding Loans and Leases
(Dollars in millions)
	September 30 2012		June 30 2012		September 30 2011
Consumer
Residential mortgage ⁽¹⁾	$	247,340	$	252,635	$	266,516
Home equity	112,260		118,011		127,736
Discontinued real estate ⁽²⁾	9,876		10,059		11,541
U.S. credit card	93,162		94,291		102,803
Non-U.S. credit card	13,320		13,431		16,086
Direct/Indirect consumer ⁽³⁾	82,404		83,164		90,474
Other consumer ⁽⁴⁾	2,714		2,568		2,810
Total consumer loans excluding loans accounted for under the fair value option	561,076		574,159		617,966
Consumer loans accounted for under the fair value option ⁽⁵⁾	1,202		1,172		4,741
Total consumer	562,278		575,331		622,707

Commercial
U.S. commercial ⁽⁶⁾	205,384		197,718		192,642
Commercial real estate ⁽⁷⁾	37,579		36,535		40,888
Commercial lease financing	22,855		21,692		21,350
Non-U.S. commercial	58,503		53,850		48,461
Total commercial loans excluding loans accounted for under the option	324,321		309,795		303,341
Commercial loans accounted for under the fair value option ⁽⁵⁾	6,436		7,189		6,483
Total commercial	330,757		316,984		309,824
Total loans and leases	$	893,035	$	892,315	$	932,531


⁽¹⁾	Includes non-U.S. residential mortgages of $94 million, $92 million and $86 million at September 30, 2012, June 30, 2012 and September 30, 2011.


⁽²⁾	Includes $8.8 billion, $9.0 billion and $10.3 billion of pay option loans, and $1.1 billion, $1.1 billion and $1.2 billion of subprime loans at September 30, 2012, June 30, 2012 and September 30, 2011. The Corporation no longer originates these products.

⁽³⁾

Includes dealer financial services loans of $36.0 billion, $36.7 billion and $43.6 billion, consumer lending loans of $5.6 billion, $6.3 billion and $8.9 billion, U.S. securities-based lending margin loans of $26.7 billion, $25.7 billion and $22.3 billion, student loans of $5.0 billion, $5.4 billion and $6.1 billion, non-U.S. consumer loans of $7.9 billion, $7.8 billion and $7.8 billion, and other consumer loans of $1.2 billion, $1.3 billion and $1.8 billion at September 30, 2012, June 30, 2012 and September 30, 2011.


⁽⁴⁾	Includes consumer finance loans of $1.5 billion, $1.5 billion and $1.7 billion, other non-U.S. consumer loans of $1.1 billion, $908 million and $992 million, and consumer overdrafts of $152 million, $127 million and $94 million at September 30, 2012, June 30, 2012 and September 30, 2011.

⁽⁵⁾

Consumer loans accounted for under the fair value option were residential mortgages of $160 million, $172 million and $1.3 billion and discontinued real estate of $1.0 billion, $1.0 billion and $3.4 billion at September 30, 2012, June 30, 2012 and September 30, 2011. Commercial loans accounted for under the fair value option were U.S. commercial loans of $2.0 billion, $1.9 billion and $1.9 billion, non-U.S. commercial loans of $4.4 billion, $5.3 billion and $4.5 billion at September 30, 2012, June 30, 2012 and September 30, 2011 and commercial real estate loans of $75 million at September 30, 2011.


⁽⁶⁾	Includes U.S. small business commercial loans, including card-related products, of $12.6 billion, $12.8 billion and $13.6 billion at September 30, 2012, June 30, 2012 and September 30, 2011.


⁽⁷⁾	Includes U.S. commercial real estate loans of $36.0 billion, $35.0 billion and $39.3 billion, and non-U.S. commercial real estate loans of $1.6 billion, $1.5 billion and $1.6 billion at September 30, 2012, June 30, 2012 and September 30, 2011.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	36



Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment
(Dollars in millions)
	Third Quarter 2012
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		Global Banking		Global Markets		GWIM		All Other
Consumer
Residential mortgage	$	250,505	$	—	$	213	$	—	$	92	$	38,790	$	211,410
Home equity	116,184		—		102,324		—		104		13,540		216
Discontinued real estate	10,956		—		1,008		—		—		—		9,948
U.S. credit card	93,292		93,292		—		—		—		—		—
Non-U.S. credit card	13,329		—		—		—		—		—		13,329
Direct/Indirect consumer	82,635		6,022		78		36,283		22		35,010		5,220
Other consumer	2,654		690		—		4		—		8		1,952
Total consumer	569,555		100,004		103,623		36,287		218		87,348		242,075

Commercial
U.S. commercial	201,072		31,568		84		125,910		18,732		17,268		7,510
Commercial real estate	36,929		2,294		1		31,947		225		1,445		1,017
Commercial lease financing	21,545		—		—		23,214		13		4		(1,686		)
Non-U.S. commercial	59,758		15		—		50,032		8,769		27		915
Total commercial	319,304		33,877		85		231,103		27,739		18,744		7,756
Total loans and leases	$	888,859	$	133,881	$	103,708	$	267,390	$	27,957	$	106,092	$	249,831

	Second Quarter 2012
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		Global Banking		Global Markets		GWIM		All Other
Consumer
Residential mortgage	$	255,349	$	—	$	211	$	—	$	101	$	37,718	$	217,319
Home equity	119,657		—		105,503		—		1		13,936		217
Discontinued real estate	11,144		—		901		—		—		—		10,243
U.S. credit card	95,018		95,018		—		—		—		—		—
Non-U.S. credit card	13,641		—		—		—		—		—		13,641
Direct/Indirect consumer	84,198		6,777		85		37,834		29		33,858		5,615
Other consumer	2,565		584		—		7		—		8		1,966
Total consumer	581,572		102,379		106,700		37,841		131		85,520		249,001

Commercial
U.S. commercial	199,644		32,182		24		125,425		18,460		16,966		6,587
Commercial real estate	37,627		2,296		1		32,335		180		1,531		1,284
Commercial lease financing	21,446		—		—		23,123		—		4		(1,681		)
Non-U.S. commercial	59,209		15		—		49,089		7,875		81		2,149
Total commercial	317,926		34,493		25		229,972		26,515		18,582		8,339
Total loans and leases	$	899,498	$	136,872	$	106,725	$	267,813	$	26,646	$	104,102	$	257,340

	Third Quarter 2011
	Total Corporation		Consumer & Business Banking		Consumer Real Estate Services		Global Banking		Global Markets		GWIM		All Other
Consumer
Residential mortgage	$	268,494	$	—	$	1,195	$	—	$	99	$	36,656	$	230,544
Home equity	129,125		—		112,781		—		—		15,029		1,315
Discontinued real estate	15,923		—		4,052		—		—		9		11,862
U.S. credit card	103,671		103,671		—		—		—		—		—
Non-U.S. credit card	25,434		—		—		—		—		—		25,434
Direct/Indirect consumer	90,280		9,492		100		42,254		505		31,390		6,539
Other consumer	2,795		1,746		—		22		—		5		1,022
Total consumer	635,722		114,909		118,128		42,276		604		83,089		276,716

Commercial
U.S. commercial	191,439		34,040		1,949		119,159		9,586		17,829		8,876
Commercial real estate	42,931		2,526		2		36,458		432		1,653		1,860
Commercial lease financing	21,342		—		—		23,101		2		19		(1,780		)
Non-U.S. commercial	50,598		17		—		47,180		2,124		196		1,081
Total commercial	306,310		36,583		1,951		225,898		12,144		19,697		10,037
Total loans and leases	$	942,032	$	151,492	$	120,079	$	268,174	$	12,748	$	102,786	$	286,753

Certain prior period amounts have been reclassified among the segments to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	37



Bank of America Corporation and Subsidiaries
Commercial Credit Exposure by Industry ^{(1, 2, 3)}
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	September 30 2012		June 30 2012		September 30 2011		September 30 2012			June 30 2012			September 30 2011
Diversified financials	$	62,783	$	60,797	$	65,674	$	96,651		$	93,272		$	92,226
Real estate ⁽⁴⁾	45,495		44,420		49,924		61,447			59,886			63,168
Government and public education	40,493		41,816		45,111		49,855			53,991			60,001
Capital goods	23,764		22,850		23,746		48,285			45,987			47,351
Retailing	27,373		26,861		25,825		46,414			45,159			46,600
Healthcare equipment and services	28,508		30,171		30,901		44,003			45,385			47,916
Materials	23,402		19,236		18,807		41,661			36,710			37,399
Banks	35,740		34,209		36,285		39,637			38,310			40,221
Energy	16,145		14,030		14,068		35,149			31,487			31,031
Consumer services	21,855		22,672		23,828		34,893			35,795			37,987
Food, beverage and tobacco	14,287		14,441		14,682		32,183			31,019			28,825
Commercial services and supplies	18,089		18,388		21,010		28,878			29,564			31,467
Utilities	8,186		8,675		7,398		22,844			23,444			24,773
Media	11,406		11,099		11,220		20,676			20,215			20,766
Transportation	12,878		12,784		11,867		19,971			19,505			18,080
Individuals and trusts	13,946		13,937		15,398		17,195			17,298			19,335
Pharmaceuticals and biotechnology	5,691		4,457		3,784		14,340			11,555			11,026
Insurance, including monolines	8,384		8,832		10,776		14,024			15,312			17,719
Technology hardware and equipment	4,725		4,643		4,900		10,838			10,694			11,676
Software and services	4,550		4,464		3,568		10,410			10,134			9,003
Telecommunication services	4,024		3,792		4,368		10,018			9,756			10,508
Religious and social organizations	7,184		7,842		8,547		9,711			10,361			11,091
Consumer durables and apparel	4,140		3,997		4,648		8,312			8,192			9,221
Automobiles and components	2,937		3,277		2,825		7,360			7,583			7,356
Food and staples retailing	3,065		3,191		3,540		6,444			6,470			6,445
Other	4,391		4,558		4,827		7,232			7,338			7,354
Total commercial credit exposure by industry	$	453,441	$	445,439	$	467,527	$	738,431		$	724,422		$	748,545
Net credit default protection purchased on total commitments ⁽⁵⁾							$	(17,164	)	$	(18,697	)	$	(21,602	)

⁽¹⁾

Includes loans and leases, standby letters of credit and financial guarantees, derivative assets, assets held-for-sale, commercial letters of credit, bankers’ acceptances, securitized assets, foreclosed properties and other collateral acquired. Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by the amount of cash collateral applied of $60.0 billion, $59.3 billion and $65.6 billion at September 30, 2012, June 30, 2012 and September 30, 2011. Not reflected in utilized and committed exposure is additional derivative collateral held of $17.6 billion, $17.1 billion and $17.0 billion which consists primarily of other marketable securities at September 30, 2012, June 30, 2012 and September 30, 2011.

⁽²⁾

Total commercial utilized and total commercial committed exposure includes loans and letters of credit measured at fair value and are comprised of loans outstanding of $6.4 billion, $7.2 billion and $6.5 billion and issued letters of credit at notional value of $697 million, $748 million and $1.2 billion at September 30, 2012, June 30, 2012 and September 30, 2011. In addition, total commercial committed exposure includes unfunded loan commitments at notional value of $19.8 billion, $21.1 billion and $26.5 billion at September 30, 2012, June 30, 2012 and September 30, 2011.


⁽³⁾	Includes U.S. small business commercial exposure.


⁽⁴⁾	Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based on the borrowers’ or counterparties’ primary business activity using operating cash flows and primary source of repayment as key factors.


⁽⁵⁾	Represents net notional credit protection purchased.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	38



Bank of America Corporation and Subsidiaries
Net Credit Default Protection by Maturity Profile ⁽¹⁾

	September 30 2012		June 30 2012
Less than or equal to one year	15	%	14	%
Greater than one year and less than or equal to five years	79		80
Greater than five years	6		6
Total net credit default protection	100	%	100	%


⁽¹⁾	To mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of maturities for net credit default protection purchased is shown above.



Net Credit Default Protection by Credit Exposure Debt Rating ⁽¹⁾
(Dollars in millions)
	September 30, 2012					June 30, 2012
Ratings ^{(2, 3)}	Net Notional ⁽⁴⁾			Percent		Net Notional ⁽⁴⁾			Percent
AAA	$	(184	)	1.1	%	$	(209	)	1.1	%
AA	(837		)	4.9		(707		)	3.8
A	(7,329		)	42.7		(8,051		)	43.1
BBB	(6,407		)	37.3		(6,972		)	37.3
BB	(1,128		)	6.6		(1,106		)	5.9
B	(946		)	5.5		(1,211		)	6.5
CCC and below	(486		)	2.8		(494		)	2.6
NR ⁽⁵⁾	153			(0.9	)	53			(0.3	)
Total net credit default protection	$	(17,164	)	100.0	%	$	(18,697	)	100.0	%


⁽¹⁾	To mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of debt rating for net notional credit default protection purchased is shown as a negative and the net notional credit protection sold is shown as a positive amount.


⁽²⁾	Ratings are refreshed on a quarterly basis.


⁽³⁾	Ratings of BBB- or higher are considered to meet the definition of investment-grade.


⁽⁴⁾	Represents net credit default protection (purchased) sold.


⁽⁵⁾	"NR" is comprised of names that have not been rated.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	39



Bank of America Corporation and Subsidiaries
Selected Emerging Markets ⁽¹⁾

(Dollars in millions)	Loans and Leases, and Loan Commitments		Other Financing ⁽²⁾		Net Counterparty Exposure ⁽³⁾		Securities/ Other Investments ⁽⁴⁾		Total Cross-border Exposure ⁽⁵⁾		Local Country Exposure Net of Local Liabilities ⁽⁶⁾		Total Selected Emerging Market Exposure at September 30, 2012		Increase (Decrease) from June 30, 2012
Region/Country
Asia Pacific
India	$	4,679	$	1,047	$	456	$	3,412	$	9,594	$	163	$	9,757	$	251
South Korea	1,023		845		315		2,190		4,373		1,822		6,195		(1,076		)
China ⁽⁷⁾	2,835		109		913		2,060		5,917		257		6,174		(1,535		)
Hong Kong	735		377		203		679		1,994		1,077		3,071		(1,016		)
Taiwan	499		14		172		1,062		1,747		904		2,651		245
Singapore	311		173		401		1,153		2,038		—		2,038		(754		)
Macau	531		3		—		3		537		—		537		153
Thailand	58		10		48		404		520		—		520		(477		)
Other Asia Pacific ⁽⁸⁾	313		124		160		784		1,381		4		1,385		88
Total Asia Pacific	$	10,984	$	2,702	$	2,668	$	11,747	$	28,101	$	4,227	$	32,328	$	(4,121	)
Latin America
Brazil	$	3,023	$	177	$	270	$	2,311	$	5,781	$	3,011	$	8,792	$	1,342
Mexico	2,071		372		197		1,086		3,726		—		3,726		225
Chile	1,287		43		276		66		1,672		22		1,694		266
Peru	380		199		26		63		668		—		668		276
Other Latin America ⁽⁸⁾	534		200		16		173		923		158		1,081		(1		)
Total Latin America	$	7,295	$	991	$	785	$	3,699	$	12,770	$	3,191	$	15,961	$	2,108
Middle East and Africa
United Arab Emirates	$	2,397	$	35	$	189	$	82	$	2,703	$	—	$	2,703	$	226
South Africa	651		55		191		98		995		—		995		275
Saudi Arabia	167		64		441		4		676		23		699		(11		)
Other Middle East and Africa ⁽⁸⁾	796		94		96		157		1,143		8		1,151		47
Total Middle East and Africa	$	4,011	$	248	$	917	$	341	$	5,517	$	31	$	5,548	$	537
Central and Eastern Europe
Russian Federation	$	1,775	$	407	$	22	$	293	$	2,497	$	9	$	2,506	$	(20	)
Turkey	1,342		480		25		516		2,363		85		2,448		133
Other Central and Eastern Africa ⁽⁸⁾	101		281		146		474		1,002		—		1,002		103
Total Central and Eastern Europe	$	3,218	$	1,168	$	193	$	1,283	$	5,862	$	94	$	5,956	$	216
Total emerging market exposure	$	25,508	$	5,109	$	4,563	$	17,070	$	52,250	$	7,543	$	59,793	$	(1,260	)

⁽¹⁾

There is no generally accepted definition of emerging markets. The definition that we use includes all countries in Asia Pacific excluding Japan, Australia and New Zealand; all countries in Latin America excluding Cayman Islands and Bermuda; all countries in Middle East and Africa; and all countries in Central and Eastern Europe. At September 30, 2012 and June 30, 2012, there was $2.1 billion and $2.9 billion in emerging market exposure accounted for under the fair value option.


⁽²⁾	Includes acceptances, due froms, standby letters of credit, commercial letters of credit and formal guarantees.

⁽³⁾

Net counterparty exposure includes the fair value of derivatives including the counterparty risk associated with credit default protection and secured financing transactions. Derivatives have been reduced by $1.9 billion in collateral, predominantly in cash, pledged under legally enforceable netting agreements. Secured financing transactions have been reduced by eligible cash or securities pledged. The notional amount of reverse repurchase transactions was $2.9 billion at September 30, 2012.


⁽⁴⁾	Securities exposures are reduced by hedges and short positions on a single-name basis to but not below zero.


⁽⁵⁾	Cross-border exposure includes amounts payable to the Corporation by borrowers or counterparties with a country of residence other than the one in which the credit is booked, regardless of the currency in which the claim is denominated, consistent with FFIEC reporting requirements.

⁽⁶⁾

Local country exposure includes amounts payable to the Corporation by borrowers with a country of residence in which the credit is booked regardless of the currency in which the claim is denominated. Local funding or liabilities are subtracted from local exposures consistent with FFIEC reporting requirements. Total amount of available local liabilities funding local country exposure was $17.1 billion and $17.3 billion at September 30, 2012 and June 30, 2012. Local liabilities at September 30, 2012 in Asia Pacific, Latin America, and Middle East and Africa were $15.8 billion, $915 million and $334 million, respectively, of which $6.4 billion was in Singapore, $2.4 billion in China, $2.3 billion in Hong Kong, $1.6 billion in India and $1.1 billion in Korea. There were no other countries with available local liabilities funding local country exposure greater than $1 billion.


⁽⁷⁾	Securities/other investments includes investment of $1.2 billion in China Construction Bank.


⁽⁸⁾	No country included in Other Asia Pacific, Other Latin America, Other Middle East and Africa, and Other Central and Eastern Europe had total non-U.S. exposure of more than $500 million.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	40



Bank of America Corporation and Subsidiaries
Selected European Countries

(Dollars in millions)	Funded Loans and Loan Equivalents ⁽¹⁾		Unfunded Loan Commitments		Net Counterparty Exposure ⁽²⁾		Securities/ Other Investments ⁽³⁾		Country Exposure at September 30, 2012		Hedges and Credit Default Protection ⁽⁴⁾			Net Country Exposure at September 30, 2012 ⁽⁵⁾			Increase (Decrease) from June 30, 2012
Greece
Sovereign	$	—	$	—	$	—	$	5	$	5	$	—		$	5		$	(1	)
Financial Institutions	—		—		1		6		7		(12		)	(5		)	(23		)
Corporates	191		124		24		12		351		(35		)	316			(151		)
Total Greece	$	191	$	124	$	25	$	23	$	363	$	(47	)	$	316		$	(175	)
Ireland
Sovereign	$	17	$	—	$	25	$	1	$	43	$	(30	)	$	13		$	(29	)
Financial Institutions	142		138		166		44		490		(20		)	470			(517		)
Corporates	985		230		61		46		1,322		(6		)	1,316			(115		)
Total Ireland	$	1,144	$	368	$	252	$	91	$	1,855	$	(56	)	$	1,799		$	(661	)
Italy
Sovereign	$	—	$	—	$	1,748	$	720	$	2,468	$	(1,597	)	$	871		$	390
Financial Institutions	1,708		277		275		131		2,391		(843		)	1,548			(242		)
Corporates	1,874		2,889		177		433		5,373		(998		)	4,375			1,892
Total Italy	$	3,582	$	3,166	$	2,200	$	1,284	$	10,232	$	(3,438	)	$	6,794		$	2,040
Portugal
Sovereign	$	—	$	—	$	34	$	—	$	34	$	(68	)	$	(34	)	$	(13	)
Financial Institutions	7		—		2		32		41		(42		)	(1		)	(76		)
Corporates	408		8		9		32		457		(413		)	44			(64		)
Total Portugal	$	415	$	8	$	45	$	64	$	532	$	(523	)	$	9		$	(153	)
Spain
Sovereign	$	34	$	—	$	57	$	231	$	322	$	(52	)	$	270		$	526
Financial Institutions	56		5		79		97		237		(163		)	74			(201		)
Corporates	1,738		930		77		274		3,019		(735		)	2,284			573
Total Spain	$	1,828	$	935	$	213	$	602	$	3,578	$	(950	)	$	2,628		$	898
Total
Sovereign	$	51	$	—	$	1,864	$	957	$	2,872	$	(1,747	)	$	1,125		$	873
Financial Institutions	1,913		420		523		310		3,166		(1,080		)	2,086			(1,059		)
Corporates	5,196		4,181		348		797		10,522		(2,187		)	8,335			2,135
Total selected European exposure	$	7,160	$	4,601	$	2,735	$	2,064	$	16,560	$	(5,014	)	$	11,546		$	1,949


⁽¹⁾	Includes loans, leases, overdrafts, acceptances, due froms, standby letters of credit, commercial letters of credit and formal guarantees, which have not been reduced by collateral, hedges or credit default protection. Funded loans are reported net of charge-offs, prior to any impairment provision.

⁽²⁾

Net counterparty exposure includes the fair value of derivatives including the counterparty risk associated with credit default protection and secured financing transactions. Derivatives have been reduced by $4.3 billion in collateral, predominantly in cash, pledged under legally enforceable netting agreements. Secured financing transactions have been reduced by eligible cash or securities pledged. The notional amount of reverse repurchase transactions was $647 million at September 30, 2012. Counterparty exposure has not been reduced by hedges or credit default protection.


⁽³⁾	Securities exposures are reduced by hedges and short positions on a single-name basis to but not below zero.

⁽⁴⁾

Represents credit default protection purchased net of credit default protection sold used to mitigate the risk to exposures listed that comprise Country Exposure as listed, including $(3.0) billion in net credit default protection purchased to hedge loans and securities, $(2.0) billion in additional credit default protection to hedge derivative assets and $(71) million in other short positions. Amounts are calculated based on the credit default protection notional amount assuming zero recovery adjusted for any fair value receivable or payable.


⁽⁵⁾	Represents country exposure less the fair value of hedges and credit default protection.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	41



Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	September 30 2012			June 30 2012			March 31 2012			December 31 2011			September 30 2011
Residential mortgage ⁽¹⁾	$	14,883		$	14,621		$	15,049		$	15,970		$	16,430
Home equity ^{(1, 2)}	4,201			4,207			4,360			2,453			2,333
Discontinued real estate ⁽¹⁾	265			257			269			290			308
Direct/Indirect consumer	36			35			41			40			52
Other consumer	1			1			5			15			24
Total consumer	19,386			19,121			19,724			18,768			19,147
U.S. commercial	1,609			1,841			2,048			2,174			2,518
Commercial real estate	2,028			2,498			3,404			3,880			4,474
Commercial lease financing	33			39			38			26			23
Non-U.S. commercial	139			194			140			143			145
	3,809			4,572			5,630			6,223			7,160
U.S. small business commercial	139			143			121			114			139
Total commercial	3,948			4,715			5,751			6,337			7,299
Total nonperforming loans and leases	23,334			23,836			25,475			25,105			26,446
Foreclosed properties	1,224			1,541			2,315			2,603			2,613
Total nonperforming loans, leases and foreclosed properties ^{(3, 4, 5)}	$	24,558		$	25,377		$	27,790		$	27,708		$	29,059

Fully-insured home loans past due 90 days or more and still accruing	$	21,817		$	22,287		$	21,176		$	21,164		$	20,299
Consumer credit card past due 90 days or more and still accruing	1,695			1,847			2,160			2,412			2,544
Other loans past due 90 days or more and still accruing	807			865			984			1,060			1,163
Total loans past due 90 days or more and still accruing ^{(4, 6, 7)}	$	24,319		$	24,999		$	24,320		$	24,636		$	24,006

Nonperforming loans, leases and foreclosed properties/Total assets ⁽⁸⁾	1.14		%	1.18		%	1.28		%	1.31		%	1.32		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties ⁽⁸⁾	2.77			2.87			3.10			3.01			3.15
Nonperforming loans and leases/Total loans and leases ⁽⁸⁾	2.64			2.70			2.85			2.74			2.87

Commercial utilized reservable criticized exposure ⁽⁹⁾	$	17,374		$	20,442		$	24,457		$	27,247		$	30,901
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure ⁽⁹⁾	4.69		%	5.64		%	6.77		%	7.41		%	8.51		%
Total commercial utilized criticized exposure/Commercial utilized exposure ⁽⁹⁾	5.03			5.92			6.86			7.47			8.35

⁽¹⁾

During the third quarter of 2012, we changed the treatment of loans discharged as part of a Chapter 7 bankruptcy to write down these loans to collateral value and classify as nonperforming. As a result of this change, we reclassified $557 million of residential mortgage loans, $483 million of home equity loans and $10 million of discontinued real estate loans to nonperforming as of September 30, 2012. Prior period amounts have not been restated.

⁽²⁾

During the first quarter of 2012, the bank regulatory agencies jointly issued interagency supervisory guidance on nonaccrual status for junior-lien consumer real estate loans. In accordance with this regulatory interagency guidance, we classify junior-lien home equity loans as nonperforming when the first-lien loan becomes 90 days past due even if the junior-lien loan is performing. As a result of this change, we reclassified $1.9 billion of performing home equity loans to nonperforming as of March 31, 2012. Prior period amounts have not been restated.


⁽³⁾	Balances do not include past due consumer credit card, consumer loans secured by real estate where repayments are insured by the Federal Housing Administration and individually insured long-term stand-by agreements (fully-insured home loans), and in general, other consumer and commercial loans not secured by real estate.


⁽⁴⁾	Balances do not include purchased credit-impaired loans even though the customer may be contractually past due. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.



⁽⁵⁾Balances do not include the following:	September 30 2012		June 30 2012		March 31 2012		December 31 2011		September 30 2011
Nonperforming loans held-for-sale	$	1,397	$	1,363	$	1,491	$	1,730	$	1,750
Nonperforming loans accounted for under the fair value option	458		453		798		786		2,032
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	540		461		459		477		474

⁽⁶⁾

Balances do not include loans held-for-sale past due 90 days or more and still accruing of $26 million, $31 million, $49 million, $41 million and $67 million at September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011 and September 30, 2011, respectively. At September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011 and September 30, 2011, there were no loans accounted for under the fair value option past due 90 days or more and still accruing interest.


⁽⁷⁾	These balances are excluded from total nonperforming loans, leases and foreclosed properties.


⁽⁸⁾	Total assets and total loans and leases do not include loans accounted for under the fair value option of $7.6 billion, $8.4 billion, $9.2 billion, $8.8 billion and $11.2 billion at September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011 and September 30, 2011, respectively.


⁽⁹⁾	Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities. The reservable criticized exposure excludes loans held-for-sale, exposure accounted for under the fair value option and other nonreservable exposure.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	42



Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity ⁽¹⁾
(Dollars in millions)
	Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Nonperforming Consumer Loans:
Balance, beginning of period	$	19,121		$	19,724		$	18,768		$	19,147		$	19,478
Additions to nonperforming loans:
New nonperforming loans	3,306			3,259			3,308			3,757			4,036
Impact of change in treatment of bankruptcies ⁽²⁾	1,050			n/a			n/a			n/a			n/a
Impact of regulatory interagency guidance ⁽³⁾	n/a			n/a			1,853			n/a			n/a
Reductions in nonperforming loans:
Paydowns	(822		)	(858		)	(1,153		)	(803		)	(944		)
Returns to performing status ⁽⁴⁾	(1,310		)	(1,271		)	(913		)	(1,018		)	(1,072		)
Charge-offs ⁽⁵⁾	(1,827		)	(1,541		)	(1,737		)	(1,833		)	(1,972		)
Transfers to foreclosed properties	(132		)	(192		)	(402		)	(482		)	(379		)
Total net additions/(reductions) to nonperforming loans	265			(603		)	956			(379		)	(331		)
Total nonperforming consumer loans, end of period	19,386			19,121			19,724			18,768			19,147
Foreclosed properties	799			1,108			1,805			1,991			1,892
Total nonperforming consumer loans and foreclosed properties, end of period	$	20,185		$	20,229		$	21,529		$	20,759		$	21,039

Nonperforming Commercial Loans and Leases ⁽⁶⁾:
Balance, beginning of period	$	4,715		$	5,751		$	6,337		$	7,299		$	8,105
Additions to nonperforming loans and leases:
New nonperforming loans and leases	474			788			599			1,084			1,231
Advances	42			14			24			20			18
Reductions in nonperforming loans and leases:
Paydowns	(548		)	(806		)	(573		)	(949		)	(721		)
Sales	(113		)	(392		)	(137		)	(211		)	(554		)
Return to performing status ⁽⁷⁾	(262		)	(152		)	(145		)	(358		)	(143		)
Charge-offs ⁽⁸⁾	(221		)	(379		)	(291		)	(386		)	(412		)
Transfers to foreclosed properties	(93		)	(109		)	(63		)	(128		)	(205		)
Transfers to loans held-for-sale	(46		)	—			—			(34		)	(20		)
Total net reductions in nonperforming loans and leases	(767		)	(1,036		)	(586		)	(962		)	(806		)
Total nonperforming commercial loans and leases, end of period	3,948			4,715			5,751			6,337			7,299
Foreclosed properties	425			433			510			612			721
Total nonperforming commercial loans, leases and foreclosed properties, end of period	$	4,373		$	5,148		$	6,261		$	6,949		$	8,020


⁽¹⁾	For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 42.


⁽²⁾	During the third quarter of 2012, we changed the treatment of loans discharged from Chapter 7 bankruptcy to write down these loans to collateral value and classify as nonperforming. As a result of this change, we reclassified a net $1.1 billion of consumer real estate loans to nonperforming as of September 30, 2012. Prior period amounts have not be restated.

⁽³⁾

⁽⁴⁾

Consumer loans may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection. Certain troubled debt restructurings are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months.


⁽⁵⁾	Our policy is not to classify consumer credit card and consumer loans not secured by real estate as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and accordingly are excluded from this table.


⁽⁶⁾	Includes U.S. small business commercial activity.

⁽⁷⁾

Commercial loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected or when the loan otherwise becomes well-secured and is in the process of collection. Troubled debt restructurings are generally classified as performing after a sustained period of demonstrated payment performance.


⁽⁸⁾	Small business card loans are not classified as nonperforming; therefore, the charge-offs on these loans have no impact on nonperforming activity and accordingly are excluded from this table.

n/a = not applicable

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	43



Bank of America Corporation and Subsidiaries
Quarterly Net Charge-offs and Net Charge-off Ratios ^{(1, 2, 3, 4)}
(Dollars in millions)
	Third Quarter 2012					Second Quarter 2012				First Quarter 2012					Fourth Quarter 2011					Third Quarter 2011
Net Charge-offs	Amount			Percent		Amount		Percent		Amount			Percent		Amount			Percent		Amount			Percent
Residential mortgage	$	707		1.12	%	$	734	1.16	%	$	898		1.39	%	$	834		1.25	%	$	989		1.47	%
Home equity	1,621			5.55		892		3.00		957			3.13		939			2.95		1,092			3.35
Discontinued real estate	15			0.59		16		0.65		16			0.59		22			0.76		24			0.80
U.S. credit card	1,079			4.60		1,244		5.27		1,331			5.44		1,432			5.55		1,639			6.28
Non-U.S. credit card	124			3.70		135		3.97		203			5.78		(36		)	(0.89	)	374			5.83
Direct/Indirect consumer	161			0.78		181		0.86		226			1.03		284			1.24		301			1.32
Other consumer	63			9.53		49		7.71		56			8.59		63			9.04		56			7.81
Total consumer	3,770			2.64		3,251		2.25		3,687			2.48		3,538			2.28		4,475			2.82
U.S. commercial ⁽⁵⁾	55			0.12		94		0.20		66			0.15		78			0.17		78			0.18
Commercial real estate	91			0.97		77		0.83		132			1.36		200			1.95		296			2.73
Commercial lease financing	(12		)	(0.22	)	14		0.25		(9		)	(0.16	)	32			0.59		(1		)	(0.01	)
Non-U.S. commercial	9			0.06		7		0.06		(5		)	(0.04	)	18			0.15		18			0.15
	143			0.19		192		0.26		184			0.25		328			0.44		391			0.54
U.S. small business commercial	209			6.59		183		5.74		185			5.63		188			5.55		220			6.36
Total commercial	352			0.45		375		0.49		369			0.48		516			0.66		611			0.81
Total net charge-offs	$	4,122		1.86		$	3,626	1.64		$	4,056		1.80		$	4,054		1.74		$	5,086		2.17

By Business Segment
Consumer & Business Banking	$	1,499		4.45	%	$	1,669	4.91	%	$	1,766		5.02	%	$	1,925		5.19	%	$	2,179		5.71	%
Consumer Real Estate Services	1,567			6.08		845		3.21		915			3.39		894			3.14		1,036			3.58
Global Banking	116			0.18		159		0.24		171			0.25		304			0.45		374			0.56
Global Markets	—			—		—		—		7			0.17		10			0.26		—			—
Global Wealth & Investment Management	97			0.37		88		0.34		94			0.37		113			0.44		135			0.52
All Other	843			1.34		865		1.35		1,103			1.68		808			1.17		1,362			1.89
Total net charge-offs	$	4,122		1.86		$	3,626	1.64		$	4,056		1.80		$	4,054		1.74		$	5,086		2.17


⁽¹⁾	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category.


⁽²⁾	Excludes write-offs of consumer purchased credit-impaired loans of $1.7 billion for the three months ended September 30, 2012.


⁽³⁾	During the three months ended September 30, 2012, the Corporation changed the treatment of loans discharged from Chapter 7 bankruptcy to write down these loans to collateral value irrespective of the borrower's payment status. As a result of this change, the Corporation charged-off $478 million of current or less than 60 days delinquent loans.


⁽⁴⁾	Includes $435 million of charge-offs incurred during the three months ended September 30, 2012 as a result of National Mortgage Settlement activities.


⁽⁵⁾	Excludes U.S. small business commercial loans.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	44



Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios ^{(1, 2, 3, 4)}
(Dollars in millions)
	Nine Months Ended September 30
	2012					2011
Net Charge-offs	Amount			Percent		Amount			Percent
Residential mortgage	$	2,339		1.22	%	$	2,998		1.51	%
Home equity	3,470			3.88		3,534			3.57
Discontinued real estate	47			0.61		70			0.75
U.S. credit card	3,654			5.11		5,844			7.33
Non-U.S. credit card	462			4.50		1,205			6.02
Direct/Indirect consumer	568			0.89		1,192			1.77
Other consumer	168			8.62		139			6.74
Total consumer	10,708			2.46		14,982			3.15
U.S. commercial ⁽³⁾	215			0.16		117			0.09
Commercial real estate	300			1.06		747			2.19
Commercial lease financing	(7		)	(0.04	)	(8		)	(0.05	)
Non-U.S. commercial	11			0.03		134			0.44
	519			0.23		990			0.47
U.S. small business commercial	577			5.98		807			7.62
Total commercial	1,096			0.47		1,797			0.81
Total net charge-offs	$	11,804		1.77		$	16,779		2.41

By Business Segment
Consumer & Business Banking	$	4,934		4.80	%	$	7,843		6.73	%
Consumer Real Estate Services	3,327			4.21		3,363			3.83
Global Banking	446			0.22		954			0.50
Global Markets	7			0.04		(1		)	(0.01	)
Global Wealth & Investment Management	279			0.36		352			0.46
All Other	2,811			1.46		4,268			1.99
Total net charge-offs	$	11,804		1.77		$	16,779		2.41


⁽¹⁾	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option during the period for each loan and lease category.


⁽²⁾	Excludes write-offs of consumer purchased credit-impaired loans of $1.7 billion for the nine months ended September 30, 2012.


⁽³⁾	During the three months ended September 30, 2012, the Corporation changed the treatment of loans discharged from Chapter 7 bankruptcy to write down these loans to collateral value irrespective of the borrower's payment status. As a result of this change, the Corporation charged-off $478 million of current or less than 60 days delinquent loans.


⁽⁴⁾	Includes $435 million of charge-offs incurred during the three months ended September 30, 2012 as a result of National Mortgage Settlement activities.


⁽⁵⁾	Excludes U.S. small business commercial loans.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	45



Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	September 30, 2012						June 30, 2012						September 30, 2011
Allowance for loan and lease losses	Amount		Percent of Total		Percent of Loans and Leases Outstanding ⁽¹⁾		Amount		Percent of Total		Percent of Loans and Leases Outstanding ⁽¹⁾		Amount		Percent of Total		Percent of Loans and Leases Outstanding ⁽¹⁾
Residential mortgage	$	5,576	21.26	%	2.25	%	$	5,899	19.48	%	2.33	%	$	5,832	16.62	%	2.19	%
Home equity	8,949		34.11		7.97		11,994		39.60		10.16		12,998		37.05		10.18
Discontinued real estate	2,009		7.66		20.34		2,071		6.84		20.59		1,902		5.42		16.48
U.S. credit card	4,898		18.67		5.26		5,228		17.26		5.54		6,780		19.33		6.59
Non-U.S. credit card	712		2.71		5.35		777		2.57		5.79		1,314		3.75		8.17
Direct/Indirect consumer	791		3.02		0.96		875		2.89		1.05		1,281		3.65		1.42
Other consumer	120		0.46		4.43		144		0.47		5.59		150		0.43		5.35
Total consumer	23,055		87.89		4.11		26,988		89.11		4.70		30,257		86.25		4.90
U.S. commercial ⁽²⁾	1,908		7.27		0.93		2,016		6.66		1.02		2,627		7.49		1.36
Commercial real estate	894		3.41		2.38		967		3.19		2.65		1,860		5.30		4.55
Commercial lease financing	81		0.31		0.35		80		0.26		0.37		100		0.28		0.47
Non-U.S. commercial	295		1.12		0.50		237		0.78		0.44		238		0.68		0.49
Total commercial ⁽³⁾	3,178		12.11		0.98		3,300		10.89		1.07		4,825		13.75		1.59
Allowance for loan and lease losses	26,233		100.00	%	2.96		30,288		100.00	%	3.43		35,082		100.00	%	3.81
Reserve for unfunded lending commitments	518						574						790
Allowance for credit losses	$	26,751					$	30,862					$	35,872

Asset Quality Indicators

Allowance for loan and lease losses/Total loans and leases ⁽⁴⁾			2.96	%					3.43	%					3.81	%
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total loans and leases (excluding purchased credit-impaired loans) ^{(4, 5)}			2.23						2.50						3.02
Allowance for loan and lease losses/Total nonperforming loans and leases⁽⁶⁾			112						127						133
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases ⁽⁵⁾			82						90						101
Ratio of the allowance for loan and lease losses/Annualized net charge-offs			1.60						2.08						1.74
Ratio of the allowance for loan and lease losses (excluding purchased credit-impaired loans)/Annualized net charge-offs ⁽⁵⁾			1.17						1.46						1.33

⁽¹⁾

Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. Consumer loans accounted for under the fair value option includes residential mortgage loans of $160 million, $172 million and $1.3 billion, and discontinued real estate loans of $1.0 billion, $1.0 billion and $3.4 billion at September 30, 2012, June 30, 2012 and September 30, 2011. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.0 billion, $1.9 billion and $1.9 billion, non-U.S. commercial loans of $4.4 billion, $5.3 billion and $4.5 billion at September 30, 2012, June 30, 2012 and September 30, 2011, and commercial real estate loans of $75 million at September 30, 2011.


⁽²⁾	Includes allowance for U.S. small business commercial loans of $701 million, $812 million and $935 million at September 30, 2012, June 30, 2012 and September 30, 2011, respectively.


⁽³⁾	Includes allowance for loan and lease losses for impaired commercial loans of $391 million, $422 million and $798 million at September 30, 2012, June 30, 2012 and September 30, 2011, respectively.


⁽⁴⁾	Total loans and leases do not include loans accounted for under the fair value option of $7.6 billion, $8.4 billion and $11.2 billion at September 30, 2012, June 30, 2012 and September 30, 2011, respectively.


⁽⁵⁾	Excludes valuation allowance on purchased credit-impaired loans of $7.1 billion, $9.0 billion and $8.2 billion at September 30, 2012, June 30, 2012 and September 30, 2011, respectively.

⁽⁶⁾

Allowance for loan and lease losses includes $13.9 billion, $16.3 billion and $18.3 billion allocated to products (primarily the Card Services portfolios within Consumer & Business Banking and purchased credit-impaired loans) that are excluded from nonperforming loans and leases at September 30, 2012, June 30, 2012 and September 30, 2011, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 53 percent, 59 percent and 63 percent at September 30, 2012, June 30, 2012 and September 30, 2011, respectively.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	46



Exhibit A: Non-GAAP Reconciliations

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)

The Corporation evaluates its business based on a fully taxable-equivalent basis, a non-GAAP financial measure. The Corporation believes managing the business with net interest income on a fully taxable-equivalent basis provides a more accurate picture of the interest margin for comparative purposes. Total revenue, net of interest expense, includes net interest income on a fully taxable-equivalent basis and noninterest income. The Corporation views related ratios and analyses (i.e., efficiency ratios and net interest yield) on a fully taxable-equivalent basis. To derive the fully taxable-equivalent basis, net interest income is adjusted to reflect tax exempt income on an equivalent before-tax basis with a corresponding increase in income tax expense. This measure ensures comparability of net interest income arising from taxable and tax-exempt sources. The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield evaluates the basis points the Corporation earns over the cost of funds.

The Corporation also evaluates its business based on the following ratios that utilize tangible equity, a non-GAAP financial measure. Return on average tangible common shareholders’ equity measures the Corporation’s earnings contribution as a percentage of average common shareholders’ equity less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible shareholders’ equity measures the Corporation’s earnings contribution as a percentage of average shareholders’ equity less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. The tangible common equity ratio represents ending common shareholders’ equity less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. The tangible equity ratio represents total ending shareholders’ equity less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities divided by total assets less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Tangible book value per common share represents ending common shareholders’ equity less goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities divided by ending common shares outstanding. These measures are used to evaluate the Corporation’s use of equity (i.e., capital). In addition, profitability, relationship and investment models all use return on average tangible shareholders’ equity as key measures to support our overall growth goals.

In addition, the Corporation evaluates its business segment results based on return on average economic capital, a non-GAAP financial measure. Return on average economic capital for the segments is calculated as net income adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average economic capital. Economic capital represents average allocated equity less goodwill and a percentage of intangible assets (excluding mortgage servicing rights). It also believes the use of this non-GAAP financial measure provides additional clarity in assessing the segments.

In certain presentations, earnings and diluted earnings per common share, the efficiency ratio, return on average assets, return on common shareholders’ equity, return on average tangible common shareholders’ equity and return on average tangible shareholders’ equity are calculated excluding the impact of goodwill impairment charges of $581 million and $2.6 billion recorded in the fourth and second quarters of 2011. Accordingly, these are non-GAAP financial measures.

See the tables below and on pages 48-50 for reconciliations of these non-GAAP financial measures with financial measures defined by GAAP for the three months ended September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011 and September 30, 2011 and the nine months ended September 30, 2012 and 2011. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in assessing the results of the Corporation. Other companies may define or calculate supplemental financial data differently.



	Nine Months Ended September 30					Third Quarter 2012			Second Quarter 2012		First Quarter 2012		Fourth Quarter 2011			Third Quarter 2011
	2012		2011			Third Quarter 2012			Second Quarter 2012		First Quarter 2012		Fourth Quarter 2011			Third Quarter 2011

Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis

Net interest income	$	30,332	$	33,915		$	9,938		$	9,548	$	10,846	$	10,701		$	10,490
Fully taxable-equivalent adjustment	670		714			229			234		207		258			249
Net interest income on a fully taxable-equivalent basis	$	31,002	$	34,629		$	10,167		$	9,782	$	11,053	$	10,959		$	10,739

Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis

Total revenue, net of interest expense	$	64,674	$	68,566		$	20,428		$	21,968	$	22,278	$	24,888		$	28,453
Fully taxable-equivalent adjustment	670		714			229			234		207		258			249
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	65,344	$	69,280		$	20,657		$	22,202	$	22,485	$	25,146		$	28,702

Reconciliation of total noninterest expense to total noninterest expense, excluding goodwill impairment charges

Total noninterest expense	$	53,733	$	60,752		$	17,544		$	17,048	$	19,141	$	19,522		$	17,613
Goodwill impairment charges	—		(2,603		)	—			—		—		(581		)	—
Total noninterest expense, excluding goodwill impairment charges	$	53,733	$	58,149		$	17,544		$	17,048	$	19,141	$	18,941		$	17,613

Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis

Income tax expense (benefit)	$	1,520	$	(2,117	)	$	770		$	684	$	66	$	441		$	1,201
Fully taxable-equivalent adjustment	670		714			229			234		207		258			249
Income tax expense (benefit) on a fully taxable-equivalent basis	$	2,190	$	(1,403	)	$	999		$	918	$	273	$	699		$	1,450

Reconciliation of net income (loss) to net income, excluding goodwill impairment charges

Net income (loss)	$	3,456	$	(545	)	$	340		$	2,463	$	653	$	1,991		$	6,232
Goodwill impairment charges	—		2,603			—			—		—		581			—
Net income, excluding goodwill impairment charges	$	3,456	$	2,058		$	340		$	2,463	$	653	$	2,572		$	6,232

Reconciliation of net income (loss) applicable to common shareholders to net income (loss) applicable to common shareholders, excluding goodwill impairment charges

Net income (loss) applicable to common shareholders	$	2,393	$	(1,499	)	$	(33	)	$	2,098	$	328	$	1,584		$	5,889
Goodwill impairment charges	—		2,603			—			—		—		581			—
Net income (loss) applicable to common shareholders, excluding goodwill impairment charges	$	2,393	$	1,104		$	(33	)	$	2,098	$	328	$	2,165		$	5,889

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	47



Exhibit A: Non-GAAP Reconciliations (continued)

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011

Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity

Common shareholders’ equity	$	216,073		$	212,512		$	217,273		$	216,782		$	214,150		$	209,324		$	204,928
Goodwill	(69,973		)	(72,903		)	(69,976		)	(69,976		)	(69,967		)	(70,647		)	(71,070		)
Intangible assets (excluding mortgage servicing rights)	(7,531		)	(9,386		)	(7,194		)	(7,533		)	(7,869		)	(8,566		)	(9,005		)
Related deferred tax liabilities	2,627			2,939			2,556			2,626			2,700			2,775			2,852
Tangible common shareholders’ equity	$	141,196		$	133,162		$	142,659		$	141,899		$	139,014		$	132,886		$	127,705

Reconciliation of average shareholders’ equity to average tangible shareholders’ equity

Shareholders’ equity	$	234,726		$	229,385		$	236,039		$	235,558		$	232,566		$	228,235		$	222,410
Goodwill	(69,973		)	(72,903		)	(69,976		)	(69,976		)	(69,967		)	(70,647		)	(71,070		)
Intangible assets (excluding mortgage servicing rights)	(7,531		)	(9,386		)	(7,194		)	(7,533		)	(7,869		)	(8,566		)	(9,005		)
Related deferred tax liabilities	2,627			2,939			2,556			2,626			2,700			2,775			2,852
Tangible shareholders’ equity	$	159,849		$	150,035		$	161,425		$	160,675		$	157,430		$	151,797		$	145,187

Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity

Common shareholders’ equity	$	219,838		$	210,772		$	219,838		$	217,213		$	213,711		$	211,704		$	210,772
Goodwill	(69,976		)	(70,832		)	(69,976		)	(69,976		)	(69,976		)	(69,967		)	(70,832		)
Intangible assets (excluding mortgage servicing rights)	(7,030		)	(8,764		)	(7,030		)	(7,335		)	(7,696		)	(8,021		)	(8,764		)
Related deferred tax liabilities	2,494			2,777			2,494			2,559			2,628			2,702			2,777
Tangible common shareholders’ equity	$	145,326		$	133,953		$	145,326		$	142,461		$	138,667		$	136,418		$	133,953

Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity

Shareholders’ equity	$	238,606		$	230,252		$	238,606		$	235,975		$	232,499		$	230,101		$	230,252
Goodwill	(69,976		)	(70,832		)	(69,976		)	(69,976		)	(69,976		)	(69,967		)	(70,832		)
Intangible assets (excluding mortgage servicing rights)	(7,030		)	(8,764		)	(7,030		)	(7,335		)	(7,696		)	(8,021		)	(8,764		)
Related deferred tax liabilities	2,494			2,777			2,494			2,559			2,628			2,702			2,777
Tangible shareholders’ equity	$	164,094		$	153,433		$	164,094		$	161,223		$	157,455		$	154,815		$	153,433

Reconciliation of period-end assets to period-end tangible assets

Assets	$	2,166,162		$	2,219,628		$	2,166,162		$	2,160,854		$	2,181,449		$	2,129,046		$	2,219,628
Goodwill	(69,976		)	(70,832		)	(69,976		)	(69,976		)	(69,976		)	(69,967		)	(70,832		)
Intangible assets (excluding mortgage servicing rights)	(7,030		)	(8,764		)	(7,030		)	(7,335		)	(7,696		)	(8,021		)	(8,764		)
Related deferred tax liabilities	2,494			2,777			2,494			2,559			2,628			2,702			2,777
Tangible assets	$	2,091,650		$	2,142,809		$	2,091,650		$	2,086,102		$	2,106,405		$	2,053,760		$	2,142,809

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	48



Exhibit A: Non-GAAP Reconciliations (continued)

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			First Quarter 2012			Fourth Quarter 2011			Third Quarter 2011
Reconciliation of return on average economic capital

Consumer & Business Banking

Reported net income	$	3,893		$	6,204		$	1,285		$	1,155		$	1,453		$	1,242		$	1,664
Adjustment related to intangibles ⁽¹⁾	10			15			3			4			3			5			6
Adjusted net income	$	3,903		$	6,219		$	1,288		$	1,159		$	1,456		$	1,247		$	1,670

Average allocated equity	$	53,462		$	52,875		$	53,982		$	53,452		$	52,947		$	53,004		$	52,381
Adjustment related to goodwill and a percentage of intangibles	(30,485		)	(30,650		)	(30,447		)	(30,485		)	(30,522		)	(30,587		)	(30,600		)
Average economic capital	$	22,977		$	22,225		$	23,535		$	22,967		$	22,425		$	22,417		$	21,781

Consumer Real Estate Services

Reported net loss	$	(2,786	)	$	(18,023	)	$	(877	)	$	(766	)	$	(1,143	)	$	(1,442	)	$	(1,121	)
Adjustment related to intangibles ⁽¹⁾	—			—			—			—			—			—			—
Goodwill impairment charge	—			2,603			—			—			—			—			—
Adjusted net loss	$	(2,786	)	$	(15,420	)	$	(877	)	$	(766	)	$	(1,143	)	$	(1,442	)	$	(1,121	)

Average allocated equity	$	14,077		$	16,688		$	13,332		$	14,116		$	14,791		$	14,757		$	14,240
Adjustment related to goodwill and a percentage of intangibles (excluding mortgage servicing rights)	—			(1,804		)	—			—			—			—			—
Average economic capital	$	14,077		$	14,884		$	13,332		$	14,116		$	14,791		$	14,757		$	14,240

Global Banking

Reported net income	$	4,292		$	4,709		$	1,295		$	1,407		$	1,590		$	1,337		$	1,206
Adjustment related to intangibles ⁽¹⁾	3			5			1			1			1			1			2
Adjusted net income	$	4,295		$	4,714		$	1,296		$	1,408		$	1,591		$	1,338		$	1,208

Average allocated equity	$	45,967		$	47,820		$	46,223		$	45,958		$	45,719		$	46,087		$	47,682
Adjustment related to goodwill and a percentage of intangibles	(24,856		)	(24,529		)	(24,852		)	(24,856		)	(24,861		)	(24,899		)	(24,724		)
Average economic capital	$	21,111		$	23,291		$	21,371		$	21,102		$	20,858		$	21,188		$	22,958

Global Markets

Reported net income (loss)	$	900		$	1,753		$	(359	)	$	461		$	798		$	(768	)	$	(553	)
Adjustment related to intangibles ⁽¹⁾	7			9			2			3			2			3			3
Adjusted net income (loss)	$	907		$	1,762		$	(357	)	$	464		$	800		$	(765	)	$	(550	)

Average allocated equity	$	17,504		$	23,636		$	17,068		$	17,132		$	18,317		$	19,805		$	21,609
Adjustment related to goodwill and a percentage of intangibles	(4,636		)	(4,616		)	(4,651		)	(4,608		)	(4,648		)	(4,651		)	(4,655		)
Average economic capital	$	12,868		$	19,020		$	12,417		$	12,524		$	13,669		$	15,154		$	16,954

Global Wealth & Investment Management

Reported net income	$	1,639		$	1,424		$	542		$	547		$	550		$	266		$	362
Adjustment related to intangibles ⁽¹⁾	18			23			6			6			6			7			7
Adjusted net income	$	1,657		$	1,447		$	548		$	553		$	556		$	273		$	369

Average allocated equity	$	18,027		$	17,772		$	18,871		$	17,974		$	17,228		$	17,845		$	17,826
Adjustment related to goodwill and a percentage of intangibles	(10,620		)	(10,708		)	(10,600		)	(10,621		)	(10,641		)	(10,663		)	(10,691		)
Average economic capital	$	7,407		$	7,064		$	8,271		$	7,353		$	6,587		$	7,182		$	7,135

For footnote see page 50.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	49



Exhibit A: Non-GAAP Reconciliations (continued)

Bank of America Corporation and Subsidiaries
Reconciliations to GAAP Financial Measures
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2012			Second Quarter 2012			Third Quarter 2011
	2012			2011			Third Quarter 2012			Second Quarter 2012			Third Quarter 2011
Consumer & Business Banking

Deposits

Reported net income	$	702		$	1,063		$	207		$	187		$	280
Adjustment related to intangibles ⁽¹⁾	1			2			—			1			1
Adjusted net income	$	703		$	1,065		$	207		$	188		$	281

Average allocated equity	$	24,078		$	23,692		$	25,047		$	23,982		$	23,819
Adjustment related to goodwill and a percentage of intangibles	(17,926		)	(17,952		)	(17,920		)	(17,926		)	(17,947		)
Average economic capital	$	6,152		$	5,740		$	7,127		$	6,056		$	5,872

Card Services

Reported net income	$	2,962		$	4,783		$	994		$	929		$	1,267
Adjustment related to intangibles ⁽¹⁾	9			13			3			3			5
Adjusted net income	$	2,971		$	4,796		$	997		$	932		$	1,272

Average allocated equity	$	20,553		$	21,302		$	20,463		$	20,525		$	20,755
Adjustment related to goodwill and a percentage of intangibles	(10,461		)	(10,603		)	(10,429		)	(10,460		)	(10,561		)
Average economic capital	$	10,092		$	10,699		$	10,034		$	10,065		$	10,194

Business Banking

Reported net income	$	229		$	358		$	84		$	39		$	117
Adjustment related to intangibles ⁽¹⁾	—			—			—			—			—
Adjusted net income	$	229		$	358		$	84		$	39		$	117

Average allocated equity	$	8,831		$	7,881		$	8,472		$	8,945		$	7,807
Adjustment related to goodwill and a percentage of intangibles	(2,098		)	(2,095		)	(2,098		)	(2,099		)	(2,092		)
Average economic capital	$	6,733		$	5,786		$	6,374		$	6,846		$	5,715


⁽¹⁾	Represents cost of funds, earnings credits and certain expenses related to intangibles.

Certain prior period amounts have been reclassified to conform to current period presentation.



This information is preliminary and based on company data available at the time of the presentation.	50