Supplemental Information

Third Quarter 2016

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
Consolidated Statement of Income	3
Consolidated Statement of Comprehensive Income	4
Consolidated Balance Sheet	5
Capital Management	7
Regulatory Capital Reconciliations	8
Quarterly Average Balances and Interest Rates	9
Year-to-Date Average Balances and Interest Rates	11
Debt Securities and Available-for-Sale Marketable Equity Securities	13
Quarterly Results by Business Segment and All Other	14
Year-to-Date Results by Business Segment and All Other	16
Supplemental Financial Data	17
Consumer Banking
Total Segment Results	18
Business Results	19
Key Indicators	22
Global Wealth & Investment Management
Total Segment Results	24
Key Indicators	25
Global Banking
Total Segment Results	26
Key Indicators	27
Investment Banking Product Rankings	28
Global Markets
Total Segment Results	29
Key Indicators	30
All Other
Total Results	31
Outstanding Loans and Leases	32
Quarterly Average Loans and Leases by Business Segment and All Other	33
Commercial Credit Exposure by Industry	34
Net Credit Default Protection by Maturity Profile and Credit Exposure Debt Rating	35
Top 20 Non-U.S. Countries Exposure	36
Nonperforming Loans, Leases and Foreclosed Properties	37
Nonperforming Loans, Leases and Foreclosed Properties Activity	38
Quarterly Net Charge-offs and Net Charge-off Ratios	39
Year-to-Date Net Charge-offs and Net Charge-off Ratios	40
Allocation of the Allowance for Credit Losses by Product Type	41
Exhibit A: Non-GAAP Reconciliations	42
Effective July 1, 2016, the Corporation changed its accounting method for the amortization of premiums and accretion of discounts related to certain debt securities carried at fair value and held-to-maturity under FASB Accounting Standards Codification (ASC) 310-20, Nonrefundable fees and other costs (formerly known as SFAS 91), from the prepayment method to the contractual method. All periods presented herein have been restated for this change in accounting method. Under the applicable bank regulatory rules, we are not required to and, accordingly, did not restate previously-filed capital ratios so in the presentations of our capital ratios, the underlying financial statement metrics on which the ratios are based are the amounts as previously reported.

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 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Income statement
Net interest income	$	30,804		$	29,272		$	10,201		$	10,118		$	10,485		$	9,686		$	9,900
Noninterest income	32,907			34,111			11,434			11,168			10,305			9,896			11,092
Total revenue, net of interest expense	63,711			63,383			21,635			21,286			20,790			19,582			20,992
Provision for credit losses	2,823			2,351			850			976			997			810			806
Noninterest expense	41,790			43,724			13,481			13,493			14,816			14,010			13,939
Income tax expense	5,888			4,756			2,349			2,034			1,505			1,478			1,628
Net income	13,210			12,552			4,955			4,783			3,472			3,284			4,619
Preferred stock dividends	1,321			1,153			503			361			457			330			441
Net income applicable to common shareholders	11,889			11,399			4,452			4,422			3,015			2,954			4,178
Diluted earnings per common share	1.10			1.03			0.41			0.41			0.28			0.27			0.38
Average diluted common shares issued and outstanding	11,046,807			11,234,125			11,000,473			11,059,167			11,100,067			11,153,169			11,197,203
Dividends paid per common share	$	0.175		$	0.15		$	0.075		$	0.05		$	0.05		$	0.05		$	0.05
Performance ratios
Return on average assets	0.81		%	0.78		%	0.90		%	0.88		%	0.64		%	0.60		%	0.84		%
Return on average common shareholders' equity	6.61			6.67			7.27			7.40			5.11			4.99			7.16
Return on average shareholders' equity	6.66			6.71			7.33			7.25			5.36			5.07			7.22
Return on average tangible common shareholders' equity (1)	9.40			9.74			10.28			10.54			7.33			7.19			10.40
Return on average tangible shareholders' equity (1)	9.13			9.42			9.98			9.93			7.40			7.04			10.08
At period end
Book value per share of common stock	$	24.19		$	22.40		$	24.19		$	23.71		$	23.14		$	22.53		$	22.40
Tangible book value per share of common stock (1)	17.14			15.50			17.14			16.71			16.19			15.62			15.50
Market price per share of common stock:
Closing price	$	15.65		$	15.58		$	15.65		$	13.27		$	13.52		$	16.83		$	15.58
High closing price for the period	16.43			18.45			16.19			15.11			16.43			17.95			18.45
Low closing price for the period	11.16			15.15			12.74			12.18			11.16			15.38			15.26
Market capitalization	158,438			162,457			158,438			135,577			139,427			174,700			162,457
Number of financial centers - U.S.	4,629			4,741			4,629			4,681			4,689			4,726			4,741
Number of branded ATMs - U.S.	15,959			16,062			15,959			15,998			16,003			16,038			16,062
Full-time equivalent employees	209,009			215,193			209,009			210,516			213,183			213,280			215,193

⁽¹⁾  Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. We believe the use of ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. Tangible book value per share provides additional useful information about the level of tangible assets in relation to outstanding shares of common stock. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 42-43.)

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
Consolidated Statement of Income
(Dollars in millions, except per share information; shares in thousands)
	Nine Months Ended September 30				Third Quarter 2016		Second Quarter 2016		First Quarter 2016		Fourth Quarter 2015		Third Quarter 2015
	2016		2015
Interest income
Loans and leases	$	24,837	$	23,912	$	8,358	$	8,219	$	8,260	$	8,006	$	7,965
Debt securities	6,922		6,726		2,144		2,261		2,517		2,452		2,268
Federal funds sold and securities borrowed or purchased under agreements to resell	803		774		267		260		276		214		275
Trading account assets	3,330		3,291		1,076		1,075		1,179		1,106		1,134
Other interest income	2,300		2,221		765		759		776		805		754
Total interest income	38,192		36,924		12,610		12,574		13,008		12,583		12,396
Interest expense
Deposits	736		650		266		245		225		211		214
Short-term borrowings	1,808		1,868		569		626		613		519		597
Trading account liabilities	778		1,071		244		242		292		272		342
Long-term debt	4,066		4,063		1,330		1,343		1,393		1,895		1,343
Total interest expense	7,388		7,652		2,409		2,456		2,523		2,897		2,496
Net interest income	30,804		29,272		10,201		10,118		10,485		9,686		9,900
Noninterest income
Card income	4,349		4,381		1,455		1,464		1,430		1,578		1,510
Service charges	5,660		5,519		1,952		1,871		1,837		1,862		1,898
Investment and brokerage services	9,543		10,101		3,160		3,201		3,182		3,236		3,336
Investment banking income	4,019		4,300		1,458		1,408		1,153		1,272		1,287
Trading account profits	5,821		5,510		2,141		2,018		1,662		963		1,616
Mortgage banking income	1,334		2,102		589		312		433		262		407
Gains on sales of debt securities	490		886		51		249		190		252		437
Other income	1,691		1,312		628		645		418		471		601
Total noninterest income	32,907		34,111		11,434		11,168		10,305		9,896		11,092
Total revenue, net of interest expense	63,711		63,383		21,635		21,286		20,790		19,582		20,992
Provision for credit losses	2,823		2,351		850		976		997		810		806
Noninterest expense
Personnel	24,278		25,333		7,704		7,722		8,852		7,535		7,829
Occupancy	3,069		3,082		1,005		1,036		1,028		1,011		1,028
Equipment	1,357		1,511		443		451		463		528		499
Marketing	1,243		1,330		410		414		419		481		445
Professional fees	1,433		1,588		536		472		425		676		673
Amortization of intangibles	554		632		181		186		187		202		207
Data processing	2,240		2,298		685		717		838		817		731
Telecommunications	551		583		189		189		173		240		210
Other general operating	7,065		7,367		2,328		2,306		2,431		2,520		2,317
Total noninterest expense	41,790		43,724		13,481		13,493		14,816		14,010		13,939
Income before income taxes	19,098		17,308		7,304		6,817		4,977		4,762		6,247
Income tax expense	5,888		4,756		2,349		2,034		1,505		1,478		1,628
Net income	$	13,210	$	12,552	$	4,955	$	4,783	$	3,472	$	3,284	$	4,619
Preferred stock dividends	1,321		1,153		503		361		457		330		441
Net income applicable to common shareholders	$	11,889	$	11,399	$	4,452	$	4,422	$	3,015	$	2,954	$	4,178
Per common share information
Earnings	$	1.15	$	1.09	$	0.43	$	0.43	$	0.29	$	0.28	$	0.40
Diluted earnings	1.10		1.03		0.41		0.41		0.28		0.27		0.38
Dividends paid	0.175		0.15		0.075		0.05		0.05		0.05		0.05
Average common shares issued and outstanding	10,312,878		10,483,466		10,250,124		10,328,424		10,370,094		10,399,422		10,444,291
Average diluted common shares issued and outstanding	11,046,807		11,234,125		11,000,473		11,059,167		11,100,067		11,153,169		11,197,203

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 Comprehensive Income
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016		Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Net income	$	13,210		$	12,552		$	4,955		$	4,783		$	3,472	$	3,284		$	4,619
Other comprehensive income (loss), net-of-tax:
Net change in debt and marketable equity securities	3,319			167			208			755			2,356		(1,747		)	1,211
Net change in debit valuation adjustments	49			633			(65		)	(13		)	127		(18		)	187
Net change in derivatives	277			416			127			126			24		168			127
Employee benefit plan adjustments	29			77			6			13			10		317			27
Net change in foreign currency translation adjustments	(17		)	(84		)	(8		)	(21		)	12		(39		)	(76		)
Other comprehensive income (loss)	3,657			1,209			268			860			2,529		(1,319		)	1,476
Comprehensive income	$	16,867		$	13,761		$	5,223		$	5,643		$	6,001	$	1,965		$	6,095

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 Balance Sheet
(Dollars in millions)
	September 30 2016			June 30 2016			September 30 2015
Assets
Cash and due from banks	$	26,701		$	29,408		$	27,886
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	116,733			141,799			142,540
Cash and cash equivalents	143,434			171,207			170,426
Time deposits placed and other short-term investments	8,506			7,558			6,485
Federal funds sold and securities borrowed or purchased under agreements to resell	218,810			213,737			206,681
Trading account assets	187,849			175,365			180,018
Derivative assets	47,896			55,264			55,226
Debt securities:
Carried at fair value	322,505			309,670			325,078
Held-to-maturity, at cost	112,409			102,899			66,530
Total debt securities	434,914			412,569			391,608
Loans and leases	905,008			903,153			882,076
Allowance for loan and lease losses	(11,692		)	(11,837		)	(12,657		)
Loans and leases, net of allowance	893,316			891,316			869,419
Premises and equipment, net	9,133			9,150			9,554
Mortgage servicing rights	2,477			2,269			3,043
Goodwill	69,744			69,744			69,761
Intangible assets	3,168			3,352			3,973
Loans held-for-sale	10,586			8,848			8,842
Customer and other receivables	54,116			58,150			63,443
Other assets	111,365			108,437			114,483
Total assets	$	2,195,314		$	2,186,966		$	2,152,962
Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	5,699		$	5,940		$	5,514
Loans and leases	57,826			60,384			79,121
Allowance for loan and lease losses	(1,085		)	(1,128		)	(1,595		)
Loans and leases, net of allowance	56,741			59,256			77,526
Loans held-for-sale	209			256			338
All other assets	1,467			1,455			2,424
Total assets of consolidated variable interest entities	$	64,116		$	66,907		$	85,802

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 (continued)
(Dollars in millions)
	September 30 2016			June 30 2016			September 30 2015
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	431,418		$	424,918		$	417,837
Interest-bearing	728,498			714,607			676,812
Deposits in non-U.S. offices:
Noninterest-bearing	11,596			11,252			8,519
Interest-bearing	61,383			65,314			58,841
Total deposits	1,232,895			1,216,091			1,162,009
Federal funds purchased and securities loaned or sold under agreements to repurchase	178,195			178,062			199,238
Trading account liabilities	76,998			74,282			74,252
Derivative liabilities	43,484			47,561			45,862
Short-term borrowings	26,889			33,051			34,518
Accrued expenses and other liabilities (includes $767, $750 and $661 of reserve for unfunded lending commitments)	141,634			140,876			143,934
Long-term debt	225,136			229,617			237,288
Total liabilities	1,925,231			1,919,540			1,897,101
Shareholders' equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,887,439, 3,887,790 and 3,767,790shares	25,220			25,220			22,273
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,123,845,121, 10,216,780,615 and 10,427,305,035 shares	148,261			149,554			151,841
Retained earnings	98,303			94,621			85,786
Accumulated other comprehensive income (loss)	(1,701		)	(1,969		)	(4,039		)
Total shareholders' equity	270,083			267,426			255,861
Total liabilities and shareholders' equity	$	2,195,314		$	2,186,966		$	2,152,962
Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	546		$	639		$	567
Long-term debt	11,209			11,463			12,922
All other liabilities	38			35			103
Total liabilities of consolidated variable interest entities	$	11,793		$	12,137		$	13,592

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
Capital Management
(Dollars in millions)
	Basel 3 Transition
	September 30 2016			June 30 2016			March 31 2016			December 31 2015			September 30 2015
Risk-based capital metrics (1):
Standardized Approach
Common equity tier 1 capital	$	169,925		$	166,173		$	162,732		$	163,026		$	161,649
Tier 1 capital	191,435			187,209			182,550			180,778			178,830
Total capital	229,132			226,949			223,020			220,676			219,901
Risk-weighted assets	1,393,630			1,396,277			1,405,748			1,403,293			1,391,672
Common equity tier 1 capital ratio	12.2		%	11.9		%	11.6		%	11.6		%	11.6		%
Tier 1 capital ratio	13.7			13.4			13.0			12.9			12.9
Total capital ratio	16.4			16.3			15.9			15.7			15.8
Advanced Approaches (2)
Common equity tier 1 capital	$	169,925		$	166,173		$	162,732		$	163,026		n/a
Tier 1 capital	191,435			187,209			182,550			180,778			n/a
Total capital	219,870			217,828			213,434			210,912			n/a
Risk-weighted assets	1,545,984			1,561,567			1,586,993			1,602,373			n/a
Common equity tier 1 capital ratio	11.0		%	10.6		%	10.3		%	10.2		%	n/a
Tier 1 capital ratio	12.4			12.0			11.5			11.3			n/a
Total capital ratio	14.2			13.9			13.4			13.2			n/a
Leverage-based metrics (3)
Adjusted average assets	$	2,111,340		$	2,109,172		$	2,094,896		$	2,103,183		$	2,091,628
Tier 1 leverage ratio	9.1		%	8.9		%	8.7		%	8.6		%	8.5		%
Supplementary leverage exposure	$	2,703,013		$	2,694,079		$	2,685,787		$	2,726,806		$	2,739,104
Supplementary leverage ratio	7.1		%	6.9		%	6.8		%	6.4		%	6.4		%
Tangible equity ratio (4)	9.4			9.3			9.1			8.9			8.8
Tangible common equity ratio (4)	8.2			8.1			7.9			7.8			7.8

⁽¹⁾  Regulatory capital ratios are preliminary and reflect the transition provisions of Basel 3. Under the applicable bank regulatory rules, the Corporation is not required to and, accordingly, will not restate previously-filed capital ratios in connection with the change in accounting method related to certain debt securities. The cumulative impact of this change would have resulted in an insignificant pro forma change of the Corporation's capital ratios.

⁽²⁾  Prior to the fourth quarter of 2015, Bank of America was required to report regulatory capital using the Standardized approach. In connection with its exit from parallel run in the fourth quarter of 2015, Bank of America began to report regulatory capital ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy.

⁽³⁾  The numerator of the supplementary leverage ratio and Tier 1 leverage ratio is quarter-end Basel 3 Tier 1 capital. The Tier 1 leverage ratio reflects the transition provisions of Basel 3 and the supplementary leverage ratio is calculated on a fully phased-in basis. The denominator of supplementary leverage exposure is total leverage exposure based on the daily average of the sum of on-balance sheet exposures less permitted Tier 1 deductions, as well as the simple average of certain off-balance sheet exposures, as of the end of each month in a quarter. Off-balance sheet exposures primarily include undrawn lending commitments, letters of credit, potential future derivative exposures and repo-style transactions.

⁽⁴⁾  Tangible equity ratio equals period-end tangible shareholders' equity divided by period-end tangible assets. Tangible common equity ratio 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 ratios that utilize tangible equity provides additional useful information because they present measures of those assets that can generate income. (See Exhibit A: Non-GAAP Reconciliations - Reconciliation to GAAP Financial Measures on pages 42-43.)

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. 7

Bank of America Corporation and Subsidiaries
Regulatory Capital Reconciliations (1, 2, 3)
(Dollars in millions)
	September 30 2016			June 30 2016			March 31 2016			December 31 2015			September 30 2015
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition)	$	169,925		$	166,173		$	162,732		$	163,026		$	161,649
Deferred tax assets arising from net operating loss and tax credit carryforwards phased in during transition	(3,143		)	(3,496		)	(3,764		)	(5,151		)	(5,554		)
Accumulated OCI phased in during transition	188			359			(117		)	(1,917		)	(1,018		)
Intangibles phased in during transition	(853		)	(907		)	(983		)	(1,559		)	(1,654		)
Defined benefit pension fund assets phased in during transition	(375		)	(378		)	(381		)	(568		)	(470		)
DVA related to liabilities and derivatives phased in during transition	168			104			76			307			228
Other adjustments and deductions phased in during transition	(35		)	(24		)	(54		)	(54		)	(92		)
Common equity tier 1 capital (fully phased-in)	$	165,875		$	161,831		$	157,509		$	154,084		$	153,089
Risk-weighted assets – As reported to Basel 3 (fully phased-in)
Basel 3 Standardized approach risk-weighted assets as reported	$	1,393,630		$	1,396,277		$	1,405,748		$	1,403,293		$	1,391,672
Changes in risk-weighted assets from reported to fully phased-in	15,587			17,689			20,104			24,089			22,989
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	$	1,409,217		$	1,413,966		$	1,425,852		$	1,427,382		$	1,414,661
Basel 3 Advanced approaches risk-weighted assets as reported	$	1,545,984		$	1,561,567		$	1,586,993		$	1,602,373		n/a
Changes in risk-weighted assets from reported to fully phased-in	(23,501		)	(19,600		)	(29,710		)	(27,690		)	n/a
Basel 3 Advanced approaches risk-weighted assets (fully phased-in) (4)	$	1,522,483		$	1,541,967		$	1,557,283		$	1,574,683		$	1,397,504
Regulatory capital ratios
Basel 3 Standardized approach common equity tier 1 (transition)	12.2		%	11.9		%	11.6		%	11.6		%	11.6		%
Basel 3 Advanced approaches common equity tier 1 (transition)	11.0			10.6			10.3			10.2			n/a
Basel 3 Standardized approach common equity tier 1 (fully phased-in)	11.8			11.4			11.0			10.8			10.8
Basel 3 Advanced approaches common equity tier 1 (fully phased-in) (4)	10.9			10.5			10.1			9.8			11.0

⁽¹⁾  Regulatory capital ratios are preliminary. Under the applicable bank regulatory rules, the Corporation is not required to and, accordingly, will not restate previously-filed capital ratios in connection with the change in accounting method related to certain debt securities. The cumulative impact of this change would have resulted in an insignificant pro forma change of the Corporation's capital ratios.

⁽²⁾  Prior to the fourth quarter of 2015, Bank of America was required to report regulatory capital using the Standardized approach. In connection with its exit from parallel run in the fourth quarter of 2015, Bank of America began to report regulatory capital ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is used to assess capital adequacy.

⁽³⁾  Fully phased-in estimates are non-GAAP financial measures. For reconciliations to GAAP financial measures, see above.

⁽⁴⁾  Basel 3 fully phased-in Advanced approaches estimates assume approval by U.S. banking regulators of our internal analytical models, including approval of the internal models methodology (IMM). As of September 30, 2016, the Corporation did not have regulatory approval for the IMM model.

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. 8

Bank of America Corporation and Subsidiaries
Quarterly Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Third Quarter 2016						Second Quarter 2016						Third Quarter 2015
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	133,866	$	148	0.44	%	$	135,312	$	157	0.47	%	$	145,174	$	96	0.26	%
Time deposits placed and other short-term investments	9,336		34		1.45		7,855		35		1.79		11,503		38		1.32
Federal funds sold and securities borrowed or purchased under agreements to resell	214,254		267		0.50		223,005		260		0.47		210,127		275		0.52
Trading account assets	128,879		1,111		3.43		127,189		1,109		3.50		140,484		1,170		3.31
Debt securities	423,182		2,169		2.07		419,085		2,284		2.20		394,265		2,282		2.32
Loans and leases (1):
Residential mortgage	188,234		1,612		3.42		186,752		1,626		3.48		193,791		1,690		3.49
Home equity	70,603		681		3.84		73,141		703		3.86		79,715		730		3.64
U.S. credit card	88,210		2,061		9.30		86,705		1,983		9.20		88,201		2,033		9.15
Non-U.S. credit card	9,256		231		9.94		9,988		250		10.06		10,244		267		10.34
Direct/Indirect consumer	92,870		585		2.51		91,643		563		2.47		85,975		515		2.38
Other consumer	2,358		18		2.94		2,220		16		3.00		1,980		15		3.01
Total consumer	451,531		5,188		4.58		450,449		5,141		4.58		459,906		5,250		4.54
U.S. commercial	276,833		2,040		2.93		276,640		2,006		2.92		251,908		1,744		2.75
Commercial real estate	57,606		452		3.12		57,772		434		3.02		53,605		384		2.84
Commercial lease financing	21,194		153		2.88		20,874		147		2.81		20,013		153		3.07
Non-U.S. commercial	93,430		599		2.55		93,935		564		2.42		91,997		514		2.22
Total commercial	449,063		3,244		2.87		449,221		3,151		2.82		417,523		2,795		2.66
Total loans and leases (2):	900,594		8,432		3.73		899,670		8,292		3.70		877,429		8,045		3.65
Other earning assets	59,951		677		4.50		55,957		660		4.74		62,848		717		4.52
Total earning assets (3)	1,870,062		12,838		2.73		1,868,073		12,797		2.75		1,841,830		12,623		2.73
Cash and due from banks	27,361						27,924						27,730
Other assets, less allowance for loan and lease losses	292,067						292,244						299,370
Total assets	$	2,189,490					$	2,188,241					$	2,168,930

⁽¹⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.

⁽²⁾  Beginning in the first quarter of 2016, the Corporation classifies operating leases in other assets on the Consolidated Balance Sheet. For the three months ended September 30, 2015, $5.4 billion of operating leases were reclassified from loans and leases to other assets to conform to this presentation. Additionally, amounts related to these leases were reclassified from net interest income to other income and other general operating expenses on the Consolidated Statement of Income.

⁽³⁾  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 2016				Second Quarter 2016				Third Quarter 2015
Federal funds sold and securities borrowed or purchased under agreements to resell		$	(1	)		$	5			$	20
Debt securities		(49		)		(48		)		(11		)
U.S. commercial loans and leases		(14		)		(13		)		(17		)
Net hedge expense on assets		$	(64	)		$	(56	)		$	(8	)

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 (continued)
(Dollars in millions)
	Third Quarter 2016						Second Quarter 2016						Third Quarter 2015
	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	$	49,885	$	2	0.01	%	$	50,105	$	1	0.01	%	$	46,297	$	2	0.02	%
NOW and money market deposit accounts	592,907		73		0.05		583,913		72		0.05		545,741		67		0.05
Consumer CDs and IRAs	48,695		33		0.27		48,450		33		0.28		53,174		38		0.29
Negotiable CDs, public funds and other deposits	32,023		43		0.54		32,879		35		0.42		30,631		26		0.33
Total U.S. interest-bearing deposits	723,510		151		0.08		715,347		141		0.08		675,843		133		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	4,294		9		0.87		4,235		10		0.98		4,196		7		0.71
Governments and official institutions	1,391		3		0.61		1,542		2		0.66		1,654		1		0.33
Time, savings and other	59,340		103		0.70		60,311		92		0.61		53,793		73		0.53
Total non-U.S. interest-bearing deposits	65,025		115		0.71		66,088		104		0.63		59,643		81		0.54
Total interest-bearing deposits	788,535		266		0.13		781,435		245		0.13		735,486		214		0.12
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	207,634		569		1.09		215,852		626		1.17		257,323		597		0.92
Trading account liabilities	73,452		244		1.32		73,773		242		1.32		77,443		342		1.75
Long-term debt	227,269		1,330		2.33		233,061		1,343		2.31		240,520		1,343		2.22
Total interest-bearing liabilities (1)	1,296,890		2,409		0.74		1,304,121		2,456		0.76		1,310,772		2,496		0.76
Noninterest-bearing sources:
Noninterest-bearing deposits	438,651						431,856						423,745
Other liabilities	185,050						186,910						180,615
Shareholders' equity	268,899						265,354						253,798
Total liabilities and shareholders' equity	$	2,189,490					$	2,188,241					$	2,168,930
Net interest spread					1.99	%					1.99	%					1.97	%
Impact of noninterest-bearing sources					0.24						0.24						0.22
Net interest income/yield on earning assets			$	10,429	2.23	%			$	10,341	2.23	%			$	10,127	2.19	%

⁽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 2016				Second Quarter 2016				Third Quarter 2015
NOW and money market deposit accounts		$	—			$	(1	)		$	—
Consumer CDs and IRAs		6				5				5
Negotiable CDs, public funds and other deposits		3				4				3
Banks located in non-U.S. countries		4				3				2
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		95				149				232
Long-term debt		(668		)		(770		)		(832		)
Net hedge income on liabilities		$	(560	)		$	(610	)		$	(590	)

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
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Nine Months Ended September 30
	2016						2015
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Earning assets
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	$	135,910	$	460	0.45	%	$	132,445	$	261	0.26	%
Time deposits placed and other short-term investments	8,784		101		1.54		9,366		105		1.50
Federal funds sold and securities borrowed or purchased under agreements to resell	215,476		803		0.50		212,781		774		0.49
Trading account assets	130,785		3,432		3.50		138,861		3,406		3.28
Debt securities	414,115		6,990		2.27		387,988		6,763		2.34
Loans and leases (1):
Residential mortgage	187,325		4,867		3.46		205,315		5,323		3.46
Home equity	73,015		2,095		3.83		82,404		2,269		3.68
U.S. credit card	87,362		6,065		9.27		88,117		6,040		9.17
Non-U.S. credit card	9,687		734		10.12		10,087		793		10.51
Direct/Indirect consumer	91,291		1,698		2.48		83,481		1,510		2.42
Other consumer	2,240		50		2.99		1,904		45		3.14
Total consumer	450,920		15,509		4.59		471,308		15,980		4.53
U.S. commercial	274,669		5,982		2.91		243,849		5,093		2.79
Commercial real estate	57,550		1,320		3.06		50,792		1,113		2.93
Commercial lease financing	21,049		482		3.05		19,592		473		3.22
Non-U.S. commercial	93,572		1,748		2.50		88,089		1,478		2.24
Total commercial	446,840		9,532		2.85		402,322		8,157		2.71
Total loans and leases (2)	897,760		25,041		3.72		873,630		24,137		3.69
Other earning assets	58,189		2,031		4.66		62,366		2,142		4.59
Total earning assets (3)	1,861,019		38,858		2.79		1,817,437		37,588		2.76
Cash and due from banks	28,041						28,726
Other assets, less allowance for loan and lease losses	294,845						307,190
Total assets	$	2,183,905					$	2,153,353

⁽¹⁾  Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is generally recognized on a cost recovery basis. Purchased credit-impaired loans were recorded at fair value upon acquisition and accrete interest income over the estimated life of the loan.

⁽²⁾  Beginning in the first quarter of 2016, the Corporation classifies operating leases in other assets on the Consolidated Balance Sheet. For the nine months ended September 30, 2015, $5.3 billion of operating leases were reclassified from loans and leases to other assets to conform to this presentation. Additionally, amounts related to these leases were reclassified from net interest income to other income and other general operating expenses on the Consolidated Statement of Income.

⁽³⁾  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:

	2016				2015
Federal funds sold and securities borrowed or purchased under agreements to resell		$	17			$	45
Debt securities		(131		)		(22		)
U.S. commercial loans and leases		(41		)		(50		)
Net hedge expense on assets		$	(155	)		$	(27	)

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 (continued)
(Dollars in millions)
	Nine Months Ended September 30
	2016						2015
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	49,281	$	4	0.01	%	$	46,634	$	6	0.02	%
NOW and money market deposit accounts	584,896		216		0.05		537,974		205		0.05
Consumer CDs and IRAs	48,920		101		0.28		55,883		125		0.30
Negotiable CDs, public funds and other deposits	32,212		107		0.45		29,784		70		0.32
Total U.S. interest-bearing deposits	715,309		428		0.08		670,275		406		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	4,218		28		0.90		4,633		24		0.70
Governments and official institutions	1,468		7		0.60		1,426		3		0.31
Time, savings and other	58,866		273		0.62		54,364		217		0.53
Total non-U.S. interest-bearing deposits	64,552		308		0.64		60,423		244		0.54
Total interest-bearing deposits	779,861		736		0.13		730,698		650		0.12
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	215,131		1,808		1.12		251,231		1,868		0.99
Trading account liabilities	73,176		778		1.42		77,996		1,071		1.84
Long-term debt	231,313		4,066		2.35		240,960		4,063		2.25
Total interest-bearing liabilities (1)	1,299,481		7,388		0.76		1,300,885		7,652		0.79
Noninterest-bearing sources:
Noninterest-bearing deposits	433,168						414,988
Other liabilities	186,349						187,215
Shareholders' equity	264,907						250,265
Total liabilities and shareholders' equity	$	2,183,905					$	2,153,353
Net interest spread					2.03	%					1.97	%
Impact of noninterest-bearing sources					0.23						0.23
Net interest income/yield on earning assets			$	31,470	2.26	%			$	29,936	2.20	%

⁽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:

	2016				2015
NOW and money market deposit accounts		$	(1	)		$	(1	)
Consumer CDs and IRAs		17				17
Negotiable CDs, public funds and other deposits		10				10
Banks located in non-U.S. countries		8				4
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		406				728
Long-term debt		(2,175		)		(2,439		)
Net hedge income on liabilities		$	(1,735	)		$	(1,681	)

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
Debt Securities and Available-for-Sale Marketable Equity Securities
(Dollars in millions)
	September 30, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	196,808	$	4,266	$	(23	)	$	201,051
Agency-collateralized mortgage obligations	8,862		243		(24		)	9,081
Commercial	12,555		383		(2		)	12,936
Non-agency residential	1,476		180		(38		)	1,618
Total mortgage-backed securities	219,701		5,072		(87		)	224,686
U.S. Treasury and agency securities	44,925		363		(4		)	45,284
Non-U.S. securities	5,995		19		(4		)	6,010
Other taxable securities, substantially all asset-backed securities	9,375		73		(32		)	9,416
Total taxable securities	279,996		5,527		(127		)	285,396
Tax-exempt securities	15,917		97		(30		)	15,984
Total available-for-sale debt securities	295,913		5,624		(157		)	301,380
Other debt securities carried at fair value	21,222		114		(211		)	21,125
Total debt securities carried at fair value	317,135		5,738		(368		)	322,505
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	112,409		1,647		(91		)	113,965
Total debt securities	$	429,544	$	7,385	$	(459	)	$	436,470
Available-for-sale marketable equity securities (1)	$	325	$	57	$	(28	)	$	354
	June 30, 2016
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	204,692	$	4,030	$	(34	)	$	208,688
Agency-collateralized mortgage obligations	9,468		312		(20		)	9,760
Commercial	11,095		307		(5		)	11,397
Non-agency residential	1,963		208		(68		)	2,103
Total mortgage-backed securities	227,218		4,857		(127		)	231,948
U.S. Treasury and agency securities	25,792		351		—			26,143
Non-U.S. securities	6,044		21		(7		)	6,058
Other taxable securities, substantially all asset-backed securities	9,793		26		(45		)	9,774
Total taxable securities	268,847		5,255		(179		)	273,923
Tax-exempt securities	15,281		112		(31		)	15,362
Total available-for-sale debt securities	284,128		5,367		(210		)	289,285
Other debt securities carried at fair value	20,527		93		(235		)	20,385
Total debt securities carried at fair value	304,655		5,460		(445		)	309,670
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	102,899		1,611		(135		)	104,375
Total debt securities	$	407,554	$	7,071	$	(580	)	$	414,045
Available-for-sale marketable equity securities (1)	$	325	$	46	$	(34	)	$	337

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

Other Debt Securities Carried at Fair Value
(Dollars in millions)	September 30 2016		June 30 2016
Mortgage-backed securities:
Agency-collateralized mortgage obligations	$	6	$	7
Non-agency residential	3,193		3,244
Total mortgage-backed securities	3,199		3,251
Non-U.S. securities (1)	17,680		16,885
Other taxable securities, substantially all asset-backed securities	246		249
Total	$	21,125	$	20,385

⁽¹⁾  These securities are primarily used to satisfy certain international regulatory liquidity requirements.

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
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	Third Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,429	$	5,290	$	1,394	$	2,470	$	1,119		$	156
Card income	1,455		1,218		40		135		16			46
Service charges	1,952		1,072		18		780		80			2
Investment and brokerage services	3,160		68		2,584		20		490			(2		)
Investment banking income (loss)	1,458		—		56		795		645			(38		)
Trading account profits	2,141		—		62		56		1,934			89
Mortgage banking income	589		297		1		—		—			291
Gains on sales of debt securities	51		—		—		—		—			51
Other income (loss)	628		23		224		492		75			(186		)
Total noninterest income	11,434		2,678		2,985		2,278		3,240			253
Total revenue, net of interest expense (FTE basis)	21,863		7,968		4,379		4,748		4,359			409
Provision for credit losses	850		698		7		118		19			8
Noninterest expense	13,481		4,371		3,257		2,151		2,658			1,044
Income (loss) before income taxes (FTE basis)	7,532		2,899		1,115		2,479		1,682			(643		)
Income tax expense (benefit) (FTE basis)	2,577		1,086		418		926		608			(461		)
Net income (loss)	$	4,955	$	1,813	$	697	$	1,553	$	1,074		$	(182	)
Average
Total loans and leases	$	900,594	$	248,683	$	143,207	$	334,363	$	69,043		$	105,298
Total assets (1)	2,189,490		674,636		288,821		395,423		584,069			246,541
Total deposits	1,227,186		605,708		253,812		306,198		32,840			28,628
Period end
Total loans and leases	$	905,008	$	251,125	$	144,980	$	334,120	$	72,144		$	102,639
Total assets (1)	2,195,314		687,247		289,795		397,795		595,165			225,312
Total deposits	1,232,895		618,030		252,962		301,061		31,692			29,150
	Second Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,341	$	5,207	$	1,403	$	2,424	$	1,088		$	219
Card income	1,464		1,216		22		134		37			55
Service charges	1,871		1,011		17		759		79			5
Investment and brokerage services	3,201		67		2,598		14		525			(3		)
Investment banking income (loss)	1,408		—		51		799		603			(45		)
Trading account profits	2,018		—		25		26		1,872			95
Mortgage banking income	312		267		—		—		1			44
Gains on sales of debt securities	249		—		—		—		—			249
Other income (loss)	645		27		309		538		103			(332		)
Total noninterest income	11,168		2,588		3,022		2,270		3,220			68
Total revenue, net of interest expense (FTE basis)	21,509		7,795		4,425		4,694		4,308			287
Provision for credit losses	976		726		14		199		(5		)	42
Noninterest expense	13,493		4,414		3,288		2,126		2,581			1,084
Income (loss) before income taxes (FTE basis)	7,040		2,655		1,123		2,369		1,732			(839		)
Income tax expense (benefit) (FTE basis)	2,257		978		420		873		619			(633		)
Net income (loss)	$	4,783	$	1,677	$	703	$	1,496	$	1,113		$	(206	)
Average
Total loans and leases	$	899,670	$	242,921	$	141,181	$	334,396	$	69,620		$	111,552
Total assets (1)	2,188,241		665,102		289,646		395,997		580,701			256,795
Total deposits	1,213,291		596,474		254,804		298,805		34,518			28,690
Period end
Total loans and leases	$	903,153	$	247,122	$	142,633	$	334,838	$	70,766		$	107,794
Total assets (1)	2,186,966		668,470		286,846		397,566		577,428			256,656
Total deposits	1,216,091		599,457		250,976		304,577		33,506			27,575

⁽¹⁾  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. 14

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Third Quarter 2015
	Total Corporation		Consumer Banking			GWIM			Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,127	$	5,093		$	1,360		$	2,315	$	1,094		$	265
Card income	1,510		1,248			44			132		18			68
Service charges	1,898		1,057			18			746		73			4
Investment and brokerage services	3,336		69			2,682			11		574			—
Investment banking income (loss)	1,287		(1		)	55			752		521			(40		)
Trading account profits	1,616		—			43			100		1,471			2
Mortgage banking income	407		290			2			—		—			115
Gains on sales of debt securities	437		—			—			—		1			436
Other income (loss)	601		225			249			280		(2		)	(151		)
Total noninterest income	11,092		2,888			3,093			2,021		2,656			434
Total revenue, net of interest expense (FTE basis)	21,219		7,981			4,453			4,336		3,750			699
Provision for credit losses	806		523			(2		)	181		42			62
Noninterest expense	13,939		4,711			3,470			2,161		2,697			900
Income (loss) before income taxes (FTE basis)	6,474		2,747			985			1,994		1,011			(263		)
Income tax expense (benefit) (FTE basis)	1,855		990			353			716		211			(415		)
Net income	$	4,619	$	1,757		$	632		$	1,278	$	800		$	152
Average
Total loans and leases	$	877,429	$	233,103		$	134,319		$	308,710	$	66,349		$	134,948
Total assets (1)	2,168,930		623,324			274,272			370,246		594,142			306,946
Total deposits	1,159,231		555,987			243,980			296,321		36,818			26,125
Period end
Total loans and leases	$	882,076	$	234,995		$	135,805		$	313,596	$	70,159		$	127,521
Total assets (1)	2,152,962		625,158			279,237			376,379		576,461			295,727
Total deposits	1,162,009		557,626			246,172			297,644		35,943			24,624

⁽¹⁾  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. 15

Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment and All Other
(Dollars in millions)
	Nine Months Ended September 30, 2016
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	31,470	$	15,825		$	4,310	$	7,439	$	3,391		$	505
Card income	4,349		3,645			111		386		62			145
Service charges	5,660		3,080			55		2,284		231			10
Investment and brokerage services	9,543		205			7,718		50		1,583			(13		)
Investment banking income (loss)	4,019		1			180		2,230		1,742			(134		)
Trading account profits	5,821		—			123		80		5,401			217
Mortgage banking income	1,334		754			2		—		1			577
Gains on sales of debt securities	490		—			—		—		—			490
Other income (loss)	1,691		110			774		1,427		207			(827		)
Total noninterest income	32,907		7,795			8,963		6,457		9,227			465
Total revenue, net of interest expense (FTE basis)	64,377		23,620			13,273		13,896		12,618			970
Provision for credit losses	2,823		1,955			46		870		23			(71		)
Noninterest expense	41,790		13,324			9,822		6,449		7,690			4,505
Income (loss) before income taxes (FTE basis)	19,764		8,341			3,405		6,577		4,905			(3,464		)
Income tax expense (benefit) (FTE basis)	6,554		3,088			1,267		2,435		1,746			(1,982		)
Net income (loss)	$	13,210	$	5,253		$	2,138	$	4,142	$	3,159		$	(1,482	)
Average
Total loans and leases	$	897,760	$	243,191		$	141,169	$	332,474	$	69,315		$	111,611
Total assets (1)	2,183,905		662,133			291,383		394,402		582,006			253,981
Total deposits	1,213,029		593,504			256,356		300,732		34,409			28,028
Period end
Total loans and leases	$	905,008	$	251,125		$	144,980	$	334,120	$	72,144		$	102,639
Total assets (1)	2,195,314		687,247			289,795		397,795		595,165			225,312
Total deposits	1,232,895		618,030			252,962		301,061		31,692			29,150
	Nine Months Ended September 30, 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	29,936	$	15,199		$	4,081	$	6,788	$	3,059		$	809
Card income	4,381		3,623			134		360		63			201
Service charges	5,519		3,056			55		2,184		211			13
Investment and brokerage services	10,101		203			8,154		43		1,703			(2		)
Investment banking income (loss)	4,300		(1		)	211		2,381		1,869			(160		)
Trading account profits (losses)	5,510		—			151		182		5,312			(135		)
Mortgage banking income	2,102		1,117			7		—		—			978
Gains on sales of debt securities	886		1			—		—		10			875
Other income (loss)	1,312		315			763		1,122		(331		)	(557		)
Total noninterest income	34,111		8,314			9,475		6,272		8,837			1,213
Total revenue, net of interest expense (FTE basis)	64,047		23,513			13,556		13,060		11,896			2,022
Provision for credit losses	2,351		1,662			36		454		69			130
Noninterest expense	43,724		14,079			10,446		6,396		8,606			4,197
Income (loss) before income taxes (FTE basis)	17,972		7,772			3,074		6,210		3,221			(2,305		)
Income tax expense (benefit) (FTE basis)	5,420		2,859			1,130		2,286		968			(1,823		)
Net income (loss)	$	12,552	$	4,913		$	1,944	$	3,924	$	2,253		$	(482	)
Average
Total loans and leases	$	873,630	$	231,399		$	130,975	$	298,923	$	61,625		$	150,708
Total assets (1)	2,153,353		616,559			272,790		364,659		596,568			302,777
Total deposits	1,145,686		549,213			242,507		290,327		38,376			25,263
Period end
Total loans and leases	$	882,076	$	234,995		$	135,805	$	313,596	$	70,159		$	127,521
Total assets (1)	2,152,962		625,158			279,237		376,379		576,461			295,727
Total deposits	1,162,009		557,626			246,172		297,644		35,943			24,624

⁽¹⁾  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. 16

Bank of America Corporation and Subsidiaries
Supplemental Financial Data
(Dollars in millions)
Fully taxable-equivalent (FTE) basis data(1)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Net interest income	$	31,470		$	29,936		$	10,429		$	10,341		$	10,700		$	9,911		$	10,127
Total revenue, net of interest expense	64,377			64,047			21,863			21,509			21,005			19,807			21,219
Net interest yield	2.26		%	2.20		%	2.23		%	2.23		%	2.33		%	2.14		%	2.19		%
Efficiency ratio	64.91			68.27			61.66			62.73			70.54			70.73			65.70

⁽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. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. (See Exhibit A: Non-GAAP Reconciliations - Reconciliations to GAAP Financial Measures on pages 42-43.)

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. 17

Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	15,825		$	15,199		$	5,290		$	5,207		$	5,328		$	5,229		$	5,093
Noninterest income:
Card income	3,645			3,623			1,218			1,216			1,211			1,314			1,248
Service charges	3,080			3,056			1,072			1,011			997			1,045			1,057
Mortgage banking income	754			1,117			297			267			190			215			290
All other income	316			518			91			94			131			209			293
Total noninterest income	7,795			8,314			2,678			2,588			2,529			2,783			2,888
Total revenue, net of interest expense (FTE basis)	23,620			23,513			7,968			7,795			7,857			8,012			7,981
Provision for credit losses	1,955			1,662			698			726			531			684			523
Noninterest expense	13,324			14,079			4,371			4,414			4,539			4,637			4,711
Income before income taxes (FTE basis)	8,341			7,772			2,899			2,655			2,787			2,691			2,747
Income tax expense (FTE basis)	3,088			2,859			1,086			978			1,024			955			990
Net income	$	5,253		$	4,913		$	1,813		$	1,677		$	1,763		$	1,736		$	1,757
Net interest yield (FTE basis)	3.39		%	3.53		%	3.30		%	3.34		%	3.53		%	3.51		%	3.46		%
Return on average allocated capital (1)	21			20			21			20			21			21			21
Efficiency ratio (FTE basis)	56.41			59.88			54.86			56.63			57.77			57.88			59.02
Balance Sheet
Average
Total loans and leases	$	243,191		$	231,399		$	248,683		$	242,921		$	237,908		$	235,498		$	233,103
Total earning assets (2)	623,840			576,309			636,838			627,231			607,308			591,330			583,368
Total assets (2)	662,133			616,559			674,636			665,102			646,523			630,973			623,324
Total deposits	593,504			549,213			605,708			596,474			578,196			563,745			555,987
Allocated capital (1)	34,000			33,000			34,000			34,000			34,000			33,000			33,000
Period end
Total loans and leases	$	251,125		$	234,995		$	251,125		$	247,122		$	240,591		$	238,851		$	234,995
Total earning assets (2)	648,978			584,995			648,978			630,454			626,941			605,012			584,995
Total assets (2)	687,247			625,158			687,247			668,470			666,298			645,427			625,158
Total deposits	618,030			557,626			618,030			599,457			597,800			577,832			557,626

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

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

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 Banking Year-to-Date Results
(Dollars in millions)
	Nine Months Ended September 30, 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	15,825		$	7,940		$	7,885
Noninterest income:
Card income	3,645			7			3,638
Service charges	3,080			3,079			1
Mortgage banking income	754			—			754
All other income	316			312			4
Total noninterest income	7,795			3,398			4,397
Total revenue, net of interest expense (FTE basis)	23,620			11,338			12,282
Provision for credit losses	1,955			132			1,823
Noninterest expense	13,324			7,227			6,097
Income before income taxes (FTE basis)	8,341			3,979			4,362
Income tax expense (FTE basis)	3,088			1,473			1,615
Net income	$	5,253		$	2,506		$	2,747
Net interest yield (FTE basis)	3.39		%	1.79		%	4.39		%
Return on average allocated capital (1)	21			28			17
Efficiency ratio (FTE basis)	56.41			63.74			49.64
Balance Sheet
Average
Total loans and leases	$	243,191		$	4,787		$	238,404
Total earning assets (2)	623,840			591,913			239,870
Total assets (2)	662,133			618,466			251,610
Total deposits	593,504			586,334			7,170
Allocated capital (1)	34,000			12,000			22,000
Period end
Total loans and leases	$	251,125		$	4,810		$	246,315
Total earning assets (2)	648,978			616,853			248,233
Total assets (2)	687,247			643,025			260,330
Total deposits	618,030			610,752			7,278
	Nine Months Ended September 30, 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	15,199		$	7,083		$	8,116
Noninterest income:
Card income	3,623			8			3,615
Service charges	3,056			3,055			1
Mortgage banking income	1,117			—			1,117
All other income	518			355			163
Total noninterest income	8,314			3,418			4,896
Total revenue, net of interest expense (FTE basis)	23,513			10,501			13,012
Provision for credit losses	1,662			145			1,517
Noninterest expense	14,079			7,354			6,725
Income before income taxes (FTE basis)	7,772			3,002			4,770
Income tax expense (FTE basis)	2,859			1,103			1,756
Net income	$	4,913		$	1,899		$	3,014
Net interest yield (FTE basis)	3.53		%	1.74		%	4.74		%
Return on average allocated capital (1)	20			21			19
Efficiency ratio (FTE basis)	59.88			70.02			51.69
Balance Sheet
Average
Total loans and leases	$	231,399		$	4,733		$	226,666
Total earning assets (2)	576,309			545,708			228,681
Total assets (2)	616,559			572,723			241,916
Total deposits	549,213			540,850			8,363
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	234,995		$	4,644		$	230,351
Total earning assets (2)	584,995			555,127			232,228
Total assets (2)	625,158			582,082			245,436
Total deposits	557,626			550,240			7,386

For footnotes see page 21.

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 Banking Quarterly Results
(Dollars in millions)
	Third Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,290		$	2,630		$	2,660
Noninterest income:
Card income	1,218			2			1,216
Service charges	1,072			1,071			1
Mortgage banking income	297			—			297
All other income (loss)	91			98			(7		)
Total noninterest income	2,678			1,171			1,507
Total revenue, net of interest expense (FTE basis)	7,968			3,801			4,167
Provision for credit losses	698			43			655
Noninterest expense	4,371			2,395			1,976
Income before income taxes (FTE basis)	2,899			1,363			1,536
Income tax expense (FTE basis)	1,086			511			575
Net income	$	1,813		$	852		$	961
Net interest yield (FTE basis)	3.30		%	1.73		%	4.31		%
Return on average allocated capital (1)	21			28			17
Efficiency ratio (FTE basis)	54.86			63.03			47.40
Balance Sheet
Average
Total loans and leases	$	248,683		$	4,837		$	243,846
Total earning assets (2)	636,838			604,223			245,540
Total assets (2)	674,636			630,394			257,167
Total deposits	605,708			598,117			7,591
Allocated capital (1)	34,000			12,000			22,000
Period end
Total loans and leases	$	251,125		$	4,810		$	246,315
Total earning assets (2)	648,978			616,853			248,233
Total assets (2)	687,247			643,025			260,330
Total deposits	618,030			610,752			7,278
	Second Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,207		$	2,618		$	2,589
Noninterest income:
Card income	1,216			2			1,214
Service charges	1,011			1,011			—
Mortgage banking income	267			—			267
All other income (loss)	94			99			(5		)
Total noninterest income	2,588			1,112			1,476
Total revenue, net of interest expense (FTE basis)	7,795			3,730			4,065
Provision for credit losses	726			41			685
Noninterest expense	4,414			2,376			2,038
Income before income taxes (FTE basis)	2,655			1,313			1,342
Income tax expense (FTE basis)	978			483			495
Net income	$	1,677		$	830		$	847
Net interest yield (FTE basis)	3.34		%	1.77		%	4.34		%
Return on average allocated capital (1)	20			28			16
Efficiency ratio (FTE basis)	56.63			63.69			50.15
Balance Sheet
Average
Total loans and leases	$	242,921		$	4,792		$	238,129
Total earning assets (2)	627,231			594,748			239,645
Total assets (2)	665,102			621,445			250,819
Total deposits	596,474			589,295			7,179
Allocated capital (1)	34,000			12,000			22,000
Period end
Total loans and leases	$	247,122		$	4,845		$	242,277
Total earning assets (2)	630,454			597,992			244,699
Total assets (2)	668,470			624,658			256,049
Total deposits	599,457			592,442			7,015

For footnotes see page 21.

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 Banking Quarterly Results (continued)
(Dollars in millions)
	Third Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,093		$	2,397		$	2,696
Noninterest income:
Card income	1,248			2			1,246
Service charges	1,057			1,057			—
Mortgage banking income	290			—			290
All other income	293			132			161
Total noninterest income	2,888			1,191			1,697
Total revenue, net of interest expense (FTE basis)	7,981			3,588			4,393
Provision for credit losses	523			58			465
Noninterest expense	4,711			2,501			2,210
Income before income taxes (FTE basis)	2,747			1,029			1,718
Income tax expense (FTE basis)	990			370			620
Net income	$	1,757		$	659		$	1,098
Net interest yield (FTE basis)	3.46		%	1.72		%	4.64		%
Return on average allocated capital (1)	21			22			21
Efficiency ratio (FTE basis)	59.02			69.69			50.31
Balance Sheet
Average
Total loans and leases	$	233,103		$	4,662		$	228,441
Total earning assets (2)	583,368			552,534			230,523
Total assets (2)	623,324			579,604			243,409
Total deposits	555,987			547,727			8,260
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	234,995		$	4,644		$	230,351
Total earning assets (2)	584,995			555,127			232,228
Total assets (2)	625,158			582,082			245,436
Total deposits	557,626			550,240			7,386

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

⁽²⁾  For presentation purposes, in segments or businesses where the total of liabilities and equity exceeds assets, the Corporation allocates assets from All Other to match the segments' and businesses' liabilities and allocated shareholders' equity. As a result, total earning assets and total assets of the businesses may not equal total Consumer Banking.

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. 21

Bank of America Corporation and Subsidiaries
Consumer Banking Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Average deposit balances
Checking	$	291,602		$	264,191		$	299,149		$	293,427		$	282,146		$	273,900		$	268,559
Savings	47,658			44,999			48,273			48,472			46,221			44,518			44,721
MMS	207,033			186,104			212,096			207,333			201,616			195,756			191,358
CDs and IRAs	44,413			51,195			43,420			44,378			45,451			46,791			48,644
Non-U.S. and other	2,798			2,724			2,770			2,864			2,762			2,780			2,705
Total average deposit balances	$	593,504		$	549,213		$	605,708		$	596,474		$	578,196		$	563,745		$	555,987
Deposit spreads (excludes noninterest costs)
Checking	1.96		%	1.99		%	1.94		%	1.97		%	1.98		%	1.98		%	1.99		%
Savings	2.26			2.30			2.24			2.26			2.28			2.29			2.29
MMS	1.24			1.22			1.23			1.24			1.24			1.24			1.23
CDs and IRAs	0.92			0.58			1.03			0.92			0.81			0.69			0.62
Non-U.S. and other	0.78			0.45			0.87			0.80			0.67			0.54			0.48
Total deposit spreads	1.65			1.61			1.64			1.66			1.65			1.63			1.62
Client brokerage assets	$	137,985		$	117,210		$	137,985		$	131,698		$	126,921		$	122,721		$	117,210
Online banking active accounts (units in thousands)	33,722			31,627			33,722			33,022			32,647			31,674			31,627
Mobile banking active users (units in thousands)	21,305			18,398			21,305			20,227			19,595			18,705			18,398
Financial centers	4,629			4,741			4,629			4,681			4,689			4,726			4,741
ATMs	15,959			16,062			15,959			15,998			16,003			16,038			16,062
Total U.S. credit card(1)
Loans
Average credit card outstandings	$	87,362		$	88,117		$	88,210		$	86,705		$	87,163		$	88,623		$	88,201
Ending credit card outstandings	88,789			88,339			88,789			88,103			86,403			89,602			88,339
Credit quality
Net charge-offs	$	1,703		$	1,751		$	543		$	573		$	587		$	563		$	546
	2.60		%	2.66		%	2.45		%	2.66		%	2.71		%	2.52		%	2.46		%
30+ delinquency	$	1,459		$	1,514		$	1,459		$	1,388		$	1,448		$	1,575		$	1,514
	1.64		%	1.71		%	1.64		%	1.58		%	1.68		%	1.76		%	1.71		%
90+ delinquency	$	702		$	721		$	702		$	693		$	743		$	789		$	721
	0.79		%	0.82		%	0.79		%	0.79		%	0.86		%	0.88		%	0.82		%
Other Total U.S. credit card indicators (1)
Gross interest yield	9.27		%	9.17		%	9.30		%	9.20		%	9.32		%	9.15		%	9.15		%
Risk-adjusted margin	8.99			9.14			9.11			8.79			9.05			9.79			9.51
New accounts (in thousands)	3,845			3,713			1,324			1,313			1,208			1,260			1,257
Purchase volumes	$	165,412		$	162,625		$	57,591		$	56,667		$	51,154		$	58,752		$	56,472
Debit card data
Purchase volumes	$	212,316		$	206,941		$	71,049		$	72,120		$	69,147		$	70,755		$	69,288

For footnotes see page 23.

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 Banking Key Indicators (continued)
(Dollars in millions)
	Nine Months Ended September 30								Third Quarter 2016				Second Quarter 2016				First Quarter 2016				Fourth Quarter 2015				Third Quarter 2015
	2016				2015
Loan production (2):
Total (3):
First mortgage	$	45,802			$	43,386			$	16,865			$	16,314			$	12,623			$	13,543			$	13,712
Home equity	11,649				9,566				3,541				4,303				3,805				3,494				3,140
Consumer Banking:
First mortgage	$	32,207			$	31,146			$	11,588			$	11,541			$	9,078			$	9,733			$	10,026
Home equity	10,535				8,797				3,139				3,881				3,515				3,192				2,840
Mortgage servicing rights at fair value rollforward:
Balance, beginning of period	$	2,680			$	3,271			$	1,789			$	2,152			$	2,680			$	2,699			$	3,201
Net additions	127				(16		)		45				25				57				49				53
Amortization of expected cash flows (4)	(493		)		(564		)		(157		)		(165		)		(171		)		(174		)		(179		)
Other changes in mortgage servicing rights fair value (5)	(302		)		8				335				(223		)		(414		)		106				(376		)
Balance, end of period (6)	$	2,012			$	2,699			$	2,012			$	1,789			$	2,152			$	2,680			$	2,699
Capitalized mortgage servicing rights (% of loans serviced for investors)	60			bps	69			bps	60			bps	51			bps	58			bps	71			bps	69			bps
Mortgage loans serviced for investors (in billions)	$	336			$	391			$	336			$	353			$	368			$	378			$	391
Total Mortgage banking income
Consumer Banking mortgage banking income
Total production income	$	532			$	801			$	212			$	182			$	138			$	150			$	223
Net servicing income
Servicing fees	542				655				179				179				184				201				204
Amortization of expected cash flows (4)	(439		)		(506		)		(139		)		(146		)		(154		)		(155		)		(159		)
Fair value changes of MSRs, net of risk management activities used to hedge certain market risks (7)	119				167				45				52				22				20				22
Total net servicing income	222				316				85				85				52				66				67
Total Consumer Banking mortgage banking income	754				1,117				297				267				190				216				290
Other mortgage banking income (8)
Other production income (9)	112				58				4				14				94				48				34
Representations and warranties provision	(168		)		37				(102		)		(22		)		(44		)		(9		)		(77		)
Net servicing income
Servicing fees	343				415				106				119				118				123				109
Amortization of expected cash flows (4)	(55		)		(58		)		(18		)		(19		)		(18		)		(19		)		(20		)
Fair value changes of MSRs, net of risk management activities used to hedge certain market risks (7)	478				359				363				10				105				(31		)		62
Total net servicing income	766				716				451				110				205				73				151
Eliminations (10)	(130		)		174				(61		)		(57		)		(12		)		(66		)		9
Total other mortgage banking income	580				985				292				45				243				46				117
Total consolidated mortgage banking income	$	1,334			$	2,102			$	589			$	312			$	433			$	262			$	407

⁽¹⁾  In addition to the U.S. credit card portfolio in Consumer Banking, the remaining U.S. credit card portfolio is in GWIM.

⁽²⁾  The above loan production amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit.

⁽³⁾  In addition to loan production in Consumer Banking, there is also first mortgage and home equity loan production in GWIM.

⁽⁴⁾  Represents the net change in fair value of the mortgage servicing rights asset due to the recognition of modeled cash flows.

⁽⁵⁾  These amounts reflect the changes in modeled mortgage servicing rights fair value primarily due to observed changes in interest rates, periodic adjustments to the valuation model and changes in cash flow assumptions.

⁽⁶⁾  Does not include certain non-U.S. residential mortgage MSR balances, which are recorded in Global Markets.

⁽⁷⁾  Includes gains (losses) on sales of MSRs.

⁽⁸⁾  Amounts for other mortgage banking incomeare included in this Consumer Banking table to show the components of consolidated mortgage banking income.

⁽⁹⁾  Consists primarily of revenue from sales of repurchased loans that had returned to performing status.

⁽¹⁰⁾  Includes the effect of transfers of mortgage loans from Consumer Banking to the ALM portfolio included in All Other,and net gains or losses on intercompany trades related to mortgage servicing rights risk management.

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
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	4,310		$	4,081		$	1,394		$	1,403		$	1,513		$	1,446		$	1,360
Noninterest income:
Investment and brokerage services	7,718			8,154			2,584			2,598			2,536			2,638			2,682
All other income	1,245			1,321			401			424			420			394			411
Total noninterest income	8,963			9,475			2,985			3,022			2,956			3,032			3,093
Total revenue, net of interest expense (FTE basis)	13,273			13,556			4,379			4,425			4,469			4,478			4,453
Provision for credit losses	46			36			7			14			25			15			(2		)
Noninterest expense	9,822			10,446			3,257			3,288			3,277			3,497			3,470
Income before income taxes (FTE basis)	3,405			3,074			1,115			1,123			1,167			966			985
Income tax expense (FTE basis)	1,267			1,130			418			420			429			343			353
Net income	$	2,138		$	1,944		$	697		$	703		$	738		$	623		$	632
Net interest yield (FTE basis)	2.09		%	2.14		%	2.03		%	2.06		%	2.18		%	2.13		%	2.10		%
Return on average allocated capital (1)	22			22			21			22			23			21			21
Efficiency ratio (FTE basis)	74.00			77.06			74.36			74.32			73.33			78.13			77.92
Balance Sheet
Average
Total loans and leases	$	141,169		$	130,975		$	143,207		$	141,181		$	139,099		$	137,022		$	134,319
Total earning assets (2)	275,675			255,572			273,568			273,874			279,606			269,250			257,424
Total assets (2)	291,383			272,790			288,821			289,646			295,711			285,329			274,272
Total deposits	256,356			242,507			253,812			254,804			260,482			251,306			243,980
Allocated capital (1)	13,000			12,000			13,000			13,000			13,000			12,000			12,000
Period end
Total loans and leases	$	144,980		$	135,805		$	144,980		$	142,633		$	139,690		$	139,039		$	135,805
Total earning assets (2)	274,289			262,952			274,289			270,974			280,118			279,597			262,952
Total assets (2)	289,795			279,237			289,795			286,846			296,200			296,271			279,237
Total deposits	252,962			246,172			252,962			250,976			260,565			260,893			246,172

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

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

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
Global Wealth & Investment Management Key Indicators
(Dollars in millions, except as noted)
	Nine Months Ended September 30						Third Quarter 2016		Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015		Third Quarter 2015
	2016			2015
Revenue by Business
Merrill Lynch Global Wealth Management	$	10,886		$	11,235		$	3,617	$	3,602		$	3,667		$	3,692	$	3,683
U.S. Trust	2,300			2,268			761		762			777			763		752
Other (1)	87			53			1		61			25			23		18
Total revenue, net of interest expense (FTE basis)	$	13,273		$	13,556		$	4,379	$	4,425		$	4,469		$	4,478	$	4,453
Client Balances by Business, at period end
Merrill Lynch Global Wealth Management	$	2,089,683		$	1,943,798		$	2,089,683	$	2,026,392		$	1,998,145		$	1,986,502	$	1,943,798
U.S. Trust	400,538			375,751			400,538		393,089			390,262			388,604		375,751
Other (1)	—			78,110			—		—			77,751			82,929		78,110
Total client balances	$	2,490,221		$	2,397,659		$	2,490,221	$	2,419,481		$	2,466,158		$	2,458,035	$	2,397,659
Client Balances by Type, at period end
Long-term assets under management (2)	$	871,026		$	798,887		$	871,026	$	832,394		$	812,916		$	817,938	$	798,887
Liquidity assets under management (3)	—			78,106			—		—			77,747			82,925		78,106
Assets under management	871,026			876,993			871,026		832,394			890,663			900,863		876,993
Brokerage assets	1,095,635			1,026,355			1,095,635		1,070,014			1,056,752			1,040,938		1,026,355
Assets in custody	122,804			109,196			122,804		120,505			115,537			113,239		109,196
Deposits	252,962			246,172			252,962		250,976			260,565			260,893		246,172
Loans and leases (4)	147,794			138,943			147,794		145,592			142,641			142,102		138,943
Total client balances	$	2,490,221		$	2,397,659		$	2,490,221	$	2,419,481		$	2,466,158		$	2,458,035	$	2,397,659
Assets Under Management Rollforward
Assets under management, beginning balance	$	900,863		$	902,872		$	832,394	$	890,663		$	900,863		$	876,993	$	930,360
Net long-term client flows	19,638			27,695			10,182		10,055			(599		)	6,746		4,448
Net liquidity client flows	(7,990		)	1,320			—		(4,170		)	(3,820		)	4,813		(3,210		)
Market valuation/other	(41,485		)	(54,894		)	28,450		(64,154		)	(5,781		)	12,311		(54,605		)
Total assets under management, ending balance	$	871,026		$	876,993		$	871,026	$	832,394		$	890,663		$	900,863	$	876,993
Associates, at period end(5, 6)
Number of financial advisors	16,731			16,522			16,731		16,664			16,671			16,687		16,522
Total wealth advisors, including financial advisors	18,248			17,967			18,248		18,159			18,111			18,131		17,967
Total client-facing professionals, including financial advisors and wealth advisors	20,683			20,446			20,683		20,564			20,573			20,605		20,446
Merrill Lynch Global Wealth Management Metric(6)
Financial advisor productivity (7) (in thousands)	$	984		$	1,033		$	983	$	984		$	984		$	996	$	1,007
U.S. Trust Metric, at period end(6)
Client-facing professionals	2,223			2,182			2,223		2,229			2,188			2,186		2,182

⁽¹⁾  Includes the results of BofA Global Capital Management, the cash management division of Bank of America, and certain administrative items. BofA Global Capital Management's assets under management were sold during the three months ended June 30, 2016.

⁽²⁾  Defined as assets under advisory and discretion of GWIM in which the duration of the investment strategy is longer than one year.

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

⁽⁴⁾  Includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet.

⁽⁵⁾  Includes financial advisors in the Consumer Banking segment of 2,179, 2,248, 2,259, 2,187 and 2,050 at September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, respectively.

⁽⁶⁾  Headcount computation is based upon full-time equivalents.

⁽⁷⁾  Financial advisor productivity is defined as annualized Merrill Lynch Global Wealth Management total revenue, excluding the allocation of certain ALM activities, divided by the total number of financial advisors (excluding financial advisors in the Consumer Banking segment).

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
Global Banking Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	7,439		$	6,788		$	2,470		$	2,424		$	2,545		$	2,456		$	2,315
Noninterest income:
Service charges	2,284			2,184			780			759			745			730			746
Investment banking fees	2,230			2,381			795			799			636			729			752
All other income	1,943			1,707			703			712			528			646			523
Total noninterest income	6,457			6,272			2,278			2,270			1,909			2,105			2,021
Total revenue, net of interest expense (FTE basis)	13,896			13,060			4,748			4,694			4,454			4,561			4,336
Provision for credit losses	870			454			118			199			553			232			181
Noninterest expense	6,449			6,396			2,151			2,126			2,172			2,085			2,161
Income before income taxes (FTE basis)	6,577			6,210			2,479			2,369			1,729			2,244			1,994
Income tax expense (FTE basis)	2,435			2,286			926			873			636			828			716
Net income	$	4,142		$	3,924		$	1,553		$	1,496		$	1,093		$	1,416		$	1,278
Net interest yield (FTE basis)	2.88		%	2.89		%	2.83		%	2.81		%	3.00		%	2.93		%	2.87		%
Return on average allocated capital (1)	15			15			17			16			12			16			14
Efficiency ratio (FTE basis)	46.41			48.97			45.30			45.29			48.77			45.72			49.86
Balance Sheet
Average
Total loans and leases	$	332,474		$	298,923		$	334,363		$	334,396		$	328,643		$	318,699		$	308,710
Total earnings assets (2)	345,406			314,580			347,462			347,347			341,386			332,022			320,307
Total assets (2)	394,402			364,659			395,423			395,997			391,774			381,887			370,246
Total deposits	300,732			290,327			306,198			298,805			297,134			307,806			296,321
Allocated capital (1)	37,000			35,000			37,000			37,000			37,000			35,000			35,000
Period end
Total loans and leases	$	334,120		$	313,596		$	334,120		$	334,838		$	333,604		$	323,687		$	313,596
Total earnings assets (2)	349,993			325,685			349,993			348,935			345,355			334,766			325,685
Total assets (2)	397,795			376,379			397,795			397,566			394,736			386,132			376,379
Total deposits	301,061			297,644			301,061			304,577			298,072			296,162			297,644

⁽¹⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

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

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 Key Indicators
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Investment Banking fees (1)
Advisory (2)	$	913		$	999		$	295		$	313		$	305		$	355		$	365
Debt issuance	1,060			1,031			405			390			265			265			325
Equity issuance	257			351			95			96			66			109			62
Total Investment Banking fees (3)	$	2,230		$	2,381		$	795		$	799		$	636		$	729		$	752
Business Lending
Corporate	$	3,269		$	2,925		$	1,113		$	1,102		$	1,054		$	1,056		$	983
Commercial	3,129			2,891			1,069			1,051			1,009			1,077			978
Business Banking	280			269			91			92			97			83			91
Total Business Lending revenue	$	6,678		$	6,085		$	2,273		$	2,245		$	2,160		$	2,216		$	2,052
Global Transaction Services
Corporate	$	2,171		$	2,063		$	741		$	715		$	715		$	730		$	705
Commercial	2,036			1,955			671			663			702			694			668
Business Banking	549			515			182			180			187			188			179
Total Global Transaction Services revenue	$	4,756		$	4,533		$	1,594		$	1,558		$	1,604		$	1,612		$	1,552
Average deposit balances
Interest-bearing	$	69,319		$	65,478		$	72,442		$	69,761		$	65,719		$	66,227		$	64,960
Noninterest-bearing	231,413			224,849			233,756			229,044			231,415			241,579			231,361
Total average deposits	$	300,732		$	290,327		$	306,198		$	298,805		$	297,134		$	307,806		$	296,321
Loan spread	1.64		%	1.66		%	1.63		%	1.62		%	1.67		%	1.62		%	1.63		%
Provision for credit losses	$	870		$	454		$	118		$	199		$	553		$	232		$	181
Credit quality (4, 5)
Reservable utilized criticized exposure	$	15,460		$	11,243		$	15,460		$	16,544		$	16,923		$	14,397		$	11,243
	4.31		%	3.32		%	4.31		%	4.59		%	4.73		%	4.13		%	3.32		%
Nonperforming loans, leases and foreclosed properties	$	1,800		$	898		$	1,800		$	1,450		$	1,316		$	935		$	898
	0.54		%	0.29		%	0.54		%	0.43		%	0.40		%	0.29		%	0.29		%
Average loans and leases by product
U.S. commercial	$	188,984		$	166,252		$	190,032		$	190,273		$	186,634		$	179,224		$	171,771
Commercial real estate	48,913			44,395			48,714			49,120			48,908			48,521			46,904
Commercial lease financing	22,066			20,597			22,231			21,891			22,074			21,467			21,074
Non-U.S. commercial	72,505			67,663			73,384			73,105			71,015			69,472			68,947
Other	6			16			2			7			12			15			14
Total average loans and leases	$	332,474		$	298,923		$	334,363		$	334,396		$	328,643		$	318,699		$	308,710
Total Corporation Investment Banking fees
Advisory (2)	$	1,007		$	1,095		$	328		$	333		$	346		$	408		$	391
Debt issuance	2,466			2,416			908			889			669			617			748
Equity issuance	681			950			261			232			188			286			188
Total investment banking fees including self-led deals	4,154			4,461			1,497			1,454			1,203			1,311			1,327
Self-led deals	(135		)	(161		)	(39		)	(46		)	(50		)	(39		)	(40		)
Total Investment Banking fees	$	4,019		$	4,300		$	1,458		$	1,408		$	1,153		$	1,272		$	1,287

⁽¹⁾  Investment banking fees represent total investment banking fees for Global Banking inclusive of self-led deals and fees included within Business Lending.

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

⁽³⁾  Investment banking fees represent only the fee component in Global Banking and do not include certain other items shared with the Investment Banking Group under internal revenue sharing agreements.

⁽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 commercial utilized reservable criticized 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. 27

Bank of America Corporation and Subsidiaries
Investment Banking Product Rankings
	Nine Months Ended September 30, 2016
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
Net investment banking revenue	3	6.2	%	3	9.1	%
Announced mergers and acquisitions	4	16.4		4	22.3
Equity capital markets	4	5.0		3	10.6
Debt capital markets	3	5.8		3	9.3
High-yield corporate debt	2	8.9		2	9.9
Leveraged loans	1	8.6		1	11.2
Mortgage-backed securities	2	11.5		3	12.4
Asset-backed securities	3	7.8		4	10.8
Convertible debt	8	3.9		5	6.4
Common stock underwriting	4	5.1		3	11.3
Investment-grade corporate debt	2	5.8		2	10.6
Syndicated loans	2	9.7		2	13.3

Source: Dealogic data as of October 3, 2016. Figures above include self-led transactions.

• Rankings based on deal volumes except 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 either side of the transaction.

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

Highlights

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

Top 3 rankings excluding self-led deals:

Global: High-yield corporate debt, Leveraged loans, Mortgage-backed securities, Asset-backed securities, Investment-grade corporate debt, Syndicated loans, Debt capital markets

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

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

Bank of America Corporation and Subsidiaries
Global Markets Segment Results
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	3,391		$	3,059		$	1,119		$	1,088		$	1,184		$	1,132		$	1,094
Noninterest income:
Investment and brokerage services	1,583			1,703			490			525			568			518			574
Investment banking fees	1,742			1,869			645			603			494			532			521
Trading account profits	5,401			5,312			1,934			1,872			1,595			797			1,471
All other income (loss)	501			(47		)	171			220			110			138			90
Total noninterest income	9,227			8,837			3,240			3,220			2,767			1,985			2,656
Total revenue, net of interest expense (FTE basis) (1)	12,618			11,896			4,359			4,308			3,951			3,117			3,750
Provision for credit losses	23			69			19			(5		)	9			30			42
Noninterest expense	7,690			8,606			2,658			2,581			2,451			2,768			2,697
Income before income taxes (FTE basis)	4,905			3,221			1,682			1,732			1,491			319			1,011
Income tax expense (FTE basis)	1,746			968			608			619			519			149			211
Net income	$	3,159		$	2,253		$	1,074		$	1,113		$	972		$	170		$	800
Return on average allocated capital (2)	11		%	9		%	12		%	12		%	11		%	2		%	9		%
Efficiency ratio (FTE basis)	60.94			72.34			60.94			59.95			62.02			88.76			71.93
Balance Sheet
Average
Total trading-related assets (3)	$	411,469		$	439,003		$	415,417		$	411,285		$	407,661		$	415,856		$	431,172
Total loans and leases	69,315			61,625			69,043			69,620			69,283			68,835			66,349
Total earning assets (3)	421,221			434,004			422,636			422,815			418,198			419,977			436,809
Total assets	582,006			596,568			584,069			580,701			581,226			586,606			594,142
Total deposits	34,409			38,376			32,840			34,518			35,886			37,175			36,818
Allocated capital (2)	37,000			35,000			37,000			37,000			37,000			35,000			35,000
Period end
Total trading-related assets (3)	$	417,517		$	407,086		$	417,517		$	405,037		$	408,223		$	373,926		$	407,086
Total loans and leases	72,144			70,159			72,144			70,766			73,446			73,208			70,159
Total earning assets (3)	435,112			418,519			435,112			416,325			422,268			384,046			418,519
Total assets	595,165			576,461			595,165			577,428			581,150			548,790			576,461
Total deposits	31,692			35,943			31,692			33,506			34,403			37,038			35,943
Trading-related assets (average)
Trading account securities	$	183,928		$	195,775		$	185,785		$	178,047		$	187,931		$	195,275		$	196,685
Reverse repurchases	89,218			109,219			89,435			92,805			85,411			86,553			103,312
Securities borrowed	86,159			78,520			87,872			89,779			80,807			82,385			75,786
Derivative assets	52,164			55,489			52,325			50,654			53,512			51,643			55,389
Total trading-related assets (3)	$	411,469		$	439,003		$	415,417		$	411,285		$	407,661		$	415,856		$	431,172

⁽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 30.

⁽²⁾  Return on average allocated capital is calculated as net income, adjusted for cost of funds and earnings credits and certain expenses related to intangibles, divided by average allocated capital. Other companies may define or calculate these measures differently.

⁽³⁾  Trading-related assets include derivative assets, which are considered non-earning assets.

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. 29

Bank of America Corporation and Subsidiaries
Global Markets Key Indicators
(Dollars in millions)
	Nine Months Ended September 30					Third Quarter 2016		Second Quarter 2016		First Quarter 2016		Fourth Quarter 2015		Third Quarter 2015
	2016		2015
Sales and trading revenue (1)
Fixed income, currency and commodities	$	7,507	$	6,307		$	2,646	$	2,456	$	2,405	$	1,561	$	2,010
Equities	3,072		3,462			954		1,081		1,037		874		1,148
Total sales and trading revenue	$	10,579	$	9,769		$	3,600	$	3,537	$	3,442	$	2,435	$	3,158
Sales and trading revenue, excluding net debit valuation adjustment (2)
Fixed income, currency and commodities	$	7,647	$	6,881		$	2,767	$	2,615	$	2,265	$	1,751	$	1,992
Equities	3,069		3,476			960		1,086		1,023		882		1,154
Total sales and trading revenue, excluding net debit valuation adjustment	$	10,716	$	10,357		$	3,727	$	3,701	$	3,288	$	2,633	$	3,146
Sales and trading revenue breakdown
Net interest income	$	3,094	$	2,786		$	1,024	$	991	$	1,079	$	1,030	$	1,003
Commissions	1,561		1,686			485		517		559		510		568
Trading	5,400		5,310			1,934		1,871		1,595		796		1,470
Other	524		(13		)	157		158		209		99		117
Total sales and trading revenue	$	10,579	$	9,769		$	3,600	$	3,537	$	3,442	$	2,435	$	3,158

⁽¹⁾  Includes Global Banking sales and trading revenue of $336 million and $295 million for the nine months ended September 30, 2016 and 2015; $56 million, $121 million and $160 million for the third, second and first quarters of 2016, and $127 million and $86 million for the fourth and third quarters of 2015, respectively.

⁽²⁾  For this presentation, sales and trading revenue excludes net debit valuation adjustment (DVA) gains (losses) which include net DVA on derivatives, as well as amortization of own credit portion of purchase discount and realized DVA on structured liabilities for all periods. Sales and trading revenue excluding net DVA gains (losses) represents a non-GAAP financial measure. We believe the use of this non-GAAP financial measure provides additional useful information to assess the underlying performance of these businesses and to allow better comparison of period-to-period operating performance.

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
All Other Results (1)
(Dollars in millions)
	Nine Months Ended September 30						Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	505		$	809		$	156		$	219		$	130		$	(352	)	$	265
Noninterest income:
Card income	145			201			46			55			44			59			68
Mortgage banking income	577			978			291			44			242			44			115
Gains on sales of debt securities	490			875			51			249			190			251			436
All other loss	(747		)	(841		)	(135		)	(280		)	(332		)	(363		)	(185		)
Total noninterest income	465			1,213			253			68			144			(9		)	434
Total revenue, net of interest expense (FTE basis)	970			2,022			409			287			274			(361		)	699
Provision for credit losses	(71		)	130			8			42			(121		)	(151		)	62
Noninterest expense	4,505			4,197			1,044			1,084			2,377			1,023			900
Loss before income taxes (FTE basis)	(3,464		)	(2,305		)	(643		)	(839		)	(1,982		)	(1,233		)	(263		)
Income tax benefit (FTE basis)	(1,982		)	(1,823		)	(461		)	(633		)	(888		)	(572		)	(415		)
Net income (loss)	$	(1,482	)	$	(482	)	$	(182	)	$	(206	)	$	(1,094	)	$	(661	)	$	152
Balance Sheet
Average
Total loans and leases	$	111,611		$	150,708		$	105,298		$	111,552		$	118,051		$	126,102		$	134,948
Total assets (2)	253,981			302,777			246,541			256,795			258,688			295,712			306,946
Total deposits	28,028			25,263			28,628			28,690			26,757			26,019			26,125
Period end
Total loans and leases	$	102,639		$	127,521		$	102,639		$	107,794		$	113,782		$	122,198		$	127,521
Total assets (3)	225,312			295,727			225,312			256,656			247,342			267,667			295,727
Total deposits	29,150			24,624			29,150			27,575			26,421			25,334			24,624

⁽¹⁾  All Other consists of ALM activities, equity investments, the international consumer card business, non-core mortgage loans and servicing activities, liquidating businesses, residual expense allocations and other. ALM activities encompass certain residential mortgages, debt securities, interest rate and foreign currency risk management activities, the impact of certain allocation methodologies and accounting hedge ineffectiveness. The results of certain ALM activities are allocated to our business segments. Equity investments include our merchant services joint venture as well as Global Principal Investments which is comprised of a portfolio of equity, real estate and other alternative investments.

⁽²⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $497.8 billion and $459.8 billion for the nine months ended September 30, 2016 and 2015; $500.4 billion, $499.5 billion, $493.5 billion, $474.1 billion and $458.5 billion for the third, second and first quarters of 2016, and the fourth and third quarters of 2015, respectively.

⁽³⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $508.5 billion, $492.3 billion, $510.0 billion, $489.0 billion and $461.9 billion at September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, 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
Outstanding Loans and Leases
(Dollars in millions)
	September 30 2016		June 30 2016		September 30 2015
Consumer
Residential mortgage (1)	$	187,968	$	185,943	$	187,939
Home equity	68,997		71,587		78,030
U.S. credit card	88,789		88,103		88,339
Non-U.S. credit card	9,258		9,380		10,066
Direct/Indirect consumer (2)	93,294		92,746		87,314
Other consumer (3)	2,389		2,284		2,012
Total consumer loans excluding loans accounted for under the fair value option	450,695		450,043		453,700
Consumer loans accounted for under the fair value option (4)	1,768		1,844		1,944
Total consumer	452,463		451,887		455,644
Commercial
U.S. commercial (5)	280,096		276,587		257,032
Commercial real estate (6)	57,303		57,612		55,629
Commercial lease financing	21,309		21,203		20,067
Non-U.S. commercial	87,497		89,048		88,470
Total commercial loans excluding loans accounted for under the fair value option	446,205		444,450		421,198
Commercial loans accounted for under the fair value option (4)	6,340		6,816		5,234
Total commercial	452,545		451,266		426,432
Total loans and leases (7)	$	905,008	$	903,153	$	882,076

⁽¹⁾  Includes pay option loans of $1.9 billion, $2.1 billion and $2.4 billion at September 30, 2016, June 30, 2016 and September 30, 2015, respectively. The Corporation no longer originates pay option loans.

⁽²⁾  Includes auto and specialty lending loans of $47.8 billion, $47.0 billion and $41.7 billion, unsecured consumer lending loans of $630 million, $696 million and $1.0 billion, U.S. securities-based lending loans of $40.1 billion, $40.1 billion and $39.2 billion, non-U.S. consumer loans of $3.1 billion, $3.4 billion and $3.9 billion, student loans of $514 million, $531 million and $581 million and other consumer loans of $1.1 billion, $1.1 billion and $834 million at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽³⁾  Includes consumer finance loans of $489 million, $512 million and $591 million, consumer leases of $1.7 billion, $1.6 billion and $1.2 billion and consumer overdrafts of $151 million, $191 million and $189 million at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽⁴⁾  Consumer loans accounted for under the fair value option were residential mortgage loans of $1.4 billion, $1.5 billion and $1.7 billion and home equity loans of $340 million, $354 million and $225 million at September 30, 2016, June 30, 2016 and September 30, 2015, respectively. Commercial loans accounted for under the fair value option were U.S. commercial loans of $2.6 billion, $2.7 billion and $2.2 billion and non-U.S. commercial loans of $3.7 billion, $4.1 billion and $3.0 billion at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽⁵⁾  Includes U.S. small business commercial loans, including card-related products, of $13.1 billion at September 30, 2016, June 30, 2016 and September 30, 2015.

⁽⁶⁾  Includes U.S. commercial real estate loans of $53.9 billion, $54.3 billion and $51.8 billion and non-U.S. commercial real estate loans of $3.4 billion, $3.3 billion and $3.8 billion at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽⁷⁾  Beginning in the first quarter of 2016, the Corporation classifies operating leases in other assets on the Consolidated Balance Sheet. For September 30, 2015, $5.6 billion of operating leases were reclassified from loans and leases to other assets to conform to this presentation. Additionally, amounts related to these leases were reclassified from net interest income to other noninterest income and other general operating expense on the Consolidated Statement of Income.

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. 32

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other
(Dollars in millions)
	Third Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All  Other
Consumer
Residential mortgage	$	188,234	$	49,919	$	61,032	$	—	$	—		$	77,283
Home equity	70,603		46,603		5,090		—		342			18,568
U.S. credit card	88,210		85,170		3,039		—		—			1
Non-U.S. credit card	9,256		—		—		—		—			9,256
Direct/Indirect consumer	92,870		48,099		44,242		1		—			528
Other consumer	2,358		1,850		4		1		—			503
Total consumer	451,531		231,641		113,407		2		342			106,139
Commercial
U.S. commercial	276,833		17,019		27,045		190,032		42,367			370
Commercial real estate	57,606		23		2,727		48,714		6,063			79
Commercial lease financing	21,194		—		3		22,231		248			(1,288		)
Non-U.S. commercial	93,430		—		25		73,384		20,023			(2		)
Total commercial	449,063		17,042		29,800		334,361		68,701			(841		)
Total loans and leases	$	900,594	$	248,683	$	143,207	$	334,363	$	69,043		$	105,298
	Second Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All  Other
Consumer
Residential mortgage	$	186,752	$	45,888	$	59,216	$	2	$	—		$	81,646
Home equity	73,141		47,795		5,276		1		347			19,722
U.S. credit card	86,705		83,692		3,012		—		—			1
Non-U.S. credit card	9,988		—		—		—		—			9,988
Direct/Indirect consumer	91,643		46,853		44,243		3		—			544
Other consumer	2,220		1,681		8		1		—			530
Total consumer	450,449		225,909		111,755		7		347			112,431
Commercial
U.S. commercial	276,640		16,989		26,878		190,273		42,180			320
Commercial real estate	57,772		22		2,506		49,120		6,026			98
Commercial lease financing	20,874		—		3		21,891		288			(1,308		)
Non-U.S. commercial	93,935		1		39		73,105		20,779			11
Total commercial	449,221		17,012		29,426		334,389		69,273			(879		)
Total loans and leases	$	899,670	$	242,921	$	141,181	$	334,396	$	69,620		$	111,552
	Third Quarter 2015
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All  Other
Consumer
Residential mortgage	$	193,791	$	37,851	$	55,279	$	5	$	—		$	100,656
Home equity	79,715		50,068		5,838		4		209			23,596
U.S. credit card	88,201		85,163		3,038		—		—			—
Non-U.S. credit card	10,244		—		—		—		—			10,244
Direct/Indirect consumer	85,975		41,860		43,469		4		(13		)	655
Other consumer	1,980		1,367		5		1		(1		)	608
Total consumer	459,906		216,309		107,629		14		195			135,759
Commercial
U.S. commercial	251,908		16,772		24,343		171,771		38,649			373
Commercial real estate	53,605		22		2,110		46,904		4,427			142
Commercial lease financing	20,013		—		4		21,074		311			(1,376		)
Non-U.S. commercial	91,997		—		233		68,947		22,767			50
Total commercial	417,523		16,794		26,690		308,696		66,154			(811		)
Total loans and leases	$	877,429	$	233,103	$	134,319	$	308,710	$	66,349		$	134,948

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
Commercial Credit Exposure by Industry (1, 2, 3, 4)
(Dollars in millions)
	Commercial Utilized						Total Commercial Committed
	September 30 2016		June 30 2016		September 30 2015		September 30 2016			June 30 2016			September 30 2015
Diversified financials	$	76,639	$	78,799	$	75,761	$	122,795		$	122,504		$	119,248
Real estate (5)	61,522		61,539		60,927		84,057			84,543			82,983
Healthcare equipment and services	37,553		37,483		33,478		65,780			67,494			56,728
Retailing	40,633		39,934		38,080		63,782			63,589			63,931
Capital goods	34,364		34,866		31,985		63,478			63,171			58,400
Government and public education	45,244		45,956		43,969		54,600			55,019			51,425
Banking	39,533		44,002		44,302		46,644			50,437			51,638
Materials	23,135		23,373		23,753		44,508			44,607			45,943
Consumer services	26,778		25,656		23,091		41,982			40,132			36,215
Food, beverage and tobacco	19,771		20,594		17,867		39,181			41,495			35,221
Energy	19,741		21,220		21,779		38,746			40,467			46,089
Commercial services and supplies	23,830		21,335		18,550		38,202			33,818			32,056
Utilities	12,408		12,868		11,071		28,154			28,426			26,751
Transportation	20,428		20,117		18,997		27,760			27,392			27,491
Media	13,171		13,137		12,667		25,587			25,101			23,993
Pharmaceuticals and biotechnology	6,037		6,389		5,448		25,162			16,202			16,715
Individuals and trusts	16,775		16,397		17,467		22,341			21,638			22,538
Technology hardware and equipment	8,564		7,492		6,957		19,965			19,185			14,798
Software and services	8,193		7,990		7,566		18,344			18,380			18,287
Automobiles and components	5,252		5,414		4,108		12,897			12,447			10,492
Insurance, including monolines	6,041		5,395		4,587		12,250			10,670			10,611
Telecommunication services	5,952		5,352		4,373		11,372			12,092			9,953
Consumer durables and apparel	5,804		5,635		5,907		10,965			10,390			10,657
Food and staples retailing	4,899		4,827		3,917		8,848			8,890			7,410
Religious and social organizations	4,662		4,619		4,718		6,429			6,373			6,269
Other	5,886		7,307		7,631		13,093			14,196			16,286
Total commercial credit exposure by industry	$	572,815	$	577,696	$	548,956	$	946,922		$	938,658		$	902,128
Net credit default protection purchased on total commitments (6)							$	(4,586	)	$	(5,396	)	$	(6,494	)

⁽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 cash collateral of $44.6 billion, $50.7 billion and $46.2 billion at September 30, 2016, June 30, 2016 and September 30, 2015, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $22.7 billion, $24.5 billion and $24.1 billion which consists primarily of other marketable securities at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽²⁾  Total utilized and total committed exposure includes loans of $6.3 billion, $6.8 billion and $5.2 billion and issued letters of credit with a notional amount of $279 million, $321 million and $240 million accounted for under the fair value option at September 30, 2016, June 30, 2016 and September 30, 2015, respectively. In addition, total committed exposure includes unfunded loan commitments accounted for under the fair value option with a notional amount of $7.4 billion, $7.8 billion and $7.7 billion at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

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

⁽⁴⁾  Includes the notional amount of unfunded legally binding lending commitments net of amounts distributed (e.g., syndicated or participated) to other financial institutions of $12.4 billion, $13.9 billion and $13.4 billion at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽⁵⁾  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.

⁽⁶⁾  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. 34

Bank of America Corporation and Subsidiaries
Net Credit Default Protection by Maturity Profile (1)
	September 30 2016		June 30 2016
Less than or equal to one year	53	%	52	%
Greater than one year and less than or equal to five years	44		45
Greater than five years	3		3
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 in this table.

Net Credit Default Protection by Credit Exposure Debt Rating (1)
(Dollars in millions)
	September 30, 2016					June 30, 2016
Ratings (2, 3)	Net Notional (4)			Percent of Total		Net Notional (4)			Percent of Total
A	$	(393	)	8.6	%	$	(713	)	13.2	%
BBB	(2,401		)	52.4		(2,656		)	49.2
BB	(1,105		)	24.1		(1,190		)	22.1
B	(632		)	13.8		(794		)	14.7
CCC and below	(24		)	0.5		(14		)	0.3
NR (5)	(31		)	0.6		(29		)	0.5
Total net credit default protection	$	(4,586	)	100.0	%	$	(5,396	)	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.

⁽⁵⁾  NR is comprised of index positions held and any 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. 35

Bank of America Corporation and Subsidiaries
Top 20 Non-U.S. Countries Exposure
(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 2016		Hedges and Credit Default Protection (4)			Net Country Exposure at September 30 2016 (5)		Increase (Decrease) from June 30 2016
United Kingdom	$	31,206	$	12,695	$	8,589	$	4,076	$	56,566	$	(4,153	)	$	52,413	$	(3,897	)
Germany	11,254		17,622		1,585		2,841		33,302		(4,316		)	28,986		7,667
Canada	6,851		7,297		2,000		3,857		20,005		(1,560		)	18,445		(1,924		)
Japan	14,042		629		1,260		1,879		17,810		(1,833		)	15,977		1,200
Brazil	9,378		293		765		4,196		14,632		(297		)	14,335		(899		)
France	3,317		4,813		2,553		6,165		16,848		(3,921		)	12,927		(1,092		)
China	8,428		733		1,106		1,661		11,928		(389		)	11,539		(190		)
India	6,033		319		415		2,390		9,157		(218		)	8,939		(1,261		)
Australia	3,962		2,648		362		1,809		8,781		(353		)	8,428		(700		)
Hong Kong	6,231		221		822		555		7,829		(32		)	7,797		244
Netherlands	3,066		2,719		567		2,707		9,059		(1,389		)	7,670		(363		)
Switzerland	4,226		2,823		368		583		8,000		(1,301		)	6,699		347
South Korea	4,200		682		781		1,451		7,114		(526		)	6,588		(477		)
Italy	2,896		893		748		1,430		5,967		(905		)	5,062		238
Mexico	3,432		995		249		492		5,168		(228		)	4,940		(527		)
Singapore	2,472		144		727		1,657		5,000		(63		)	4,937		(354		)
United Arab Emirates	2,254		159		720		25		3,158		(116		)	3,042		(451		)
Turkey	2,899		48		65		14		3,026		(48		)	2,978		(317		)
Belgium	846		1,774		166		242		3,028		(416		)	2,612		14
Spain	1,802		664		243		843		3,552		(1,004		)	2,548		(54		)
Total top 20 non-U.S. countries exposure	$	128,795	$	58,171	$	24,091	$	38,873	$	249,930	$	(23,068	)	$	226,862	$	(2,796	)

⁽¹⁾  Includes loans, leases, and other extensions of credit and funds, including letters of credit and due from placements, which have not been reduced by collateral, hedges or credit default protection. Funded loans and loan equivalents are reported net of charge-offs but prior to any allowance for loan and lease losses.

⁽²⁾  Net counterparty exposure includes the fair value of derivatives, including the counterparty risk associated with credit default swaps, and secured financing transactions. Derivative exposures are presented net of $35.1 billion in collateral, which is predominantly cash, pledged under legally enforceable master netting agreements. Secured financing transaction exposures are presented net of eligible cash or securities pledged as collateral. The notional amount of reverse repurchase transactions was $84.4 billion. Counterparty exposure is not presented net of hedges or credit default protection.

⁽³⁾  Long securities exposures are netted on a single-name basis to, but not below, zero by short exposures and net credit default swaps purchased, consisting of single-name and net indexed and tranched credit default swaps.

⁽⁴⁾  Represents credit default protection purchased, net of credit default protection sold, which is used to mitigate the Corporation's risk to country exposures as listed, consisting of net single-name and net indexed and tranched credit default swaps. Amounts are calculated based on the credit default swaps notional amount assuming a zero recovery rate less any fair value receivable or payable.

⁽⁵⁾  Represents country exposure less hedges and credit default protection purchased, net of credit default protection sold.

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
Nonperforming Loans, Leases and Foreclosed Properties
(Dollars in millions)
	September 30 2016			June 30 2016			March 31 2016			December 31 2015			September 30 2015
Residential mortgage	$	3,341		$	3,592		$	3,976		$	4,803		$	5,242
Home equity	2,982			3,085			3,244			3,337			3,429
Direct/Indirect consumer	26			27			26			24			25
Other consumer	1			1			1			1			1
Total consumer	6,350			6,705			7,247			8,165			8,697
U.S. commercial	1,439			1,349			1,236			867			836
Commercial real estate	60			84			91			93			108
Commercial lease financing	35			13			29			12			17
Non-U.S. commercial	400			144			165			158			56
	1,934			1,590			1,521			1,130			1,017
U.S. small business commercial	65			69			82			82			85
Total commercial	1,999			1,659			1,603			1,212			1,102
Total nonperforming loans and leases	8,349			8,364			8,850			9,377			9,799
Foreclosed properties (1)	388			435			431			459			537
Total nonperforming loans, leases and foreclosed properties (2, 3, 4)	$	8,737		$	8,799		$	9,281		$	9,836		$	10,336
Fully-insured home loans past due 30 days or more and still accruing	$	6,844		$	7,478		$	8,207		$	9,855		$	10,467
Consumer credit card past due 30 days or more and still accruing	1,584			1,517			1,590			1,721			1,662
Other loans past due 30 days or more and still accruing	3,093			2,994			3,219			3,603			3,415
Total loans past due 30 days or more and still accruing (3, 5, 6)	$	11,521		$	11,989		$	13,016		$	15,179		$	15,544
Fully-insured home loans past due 90 days or more and still accruing	$	5,117		$	5,659		$	6,334		$	7,150		$	7,616
Consumer credit card past due 90 days or more and still accruing	767			762			820			865			799
Other loans past due 90 days or more and still accruing	166			180			193			235			203
Total loans past due 90 days or more and still accruing (3, 5, 6)	$	6,050		$	6,601		$	7,347		$	8,250		$	8,618
Nonperforming loans, leases and foreclosed properties/Total assets (7)	0.40		%	0.40		%	0.43		%	0.46		%	0.48		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (7)	0.97			0.98			1.04			1.10			1.18
Nonperforming loans and leases/Total loans and leases (7)	0.93			0.94			0.99			1.05			1.12
Commercial utilized reservable criticized exposure (8)	$	16,938		$	18,087		$	18,577		$	15,896		$	13,028
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure (8)	3.52		%	3.76		%	3.87		%	3.38		%	2.85		%
Total commercial utilized criticized exposure/Commercial utilized exposure (8)	3.38			3.72			3.82			3.28			2.93

⁽¹⁾  Foreclosed property balances do not include properties insured by certain government-guaranteed loans, principally FHA-insured loans, that entered foreclosure of $1.3 billion, $1.3 billion, $1.4 billion, $1.4 billion and $1.3 billion at September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, respectively.

⁽²⁾  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.

⁽³⁾  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.

(4) Balances do not include the following:	September 30 2016		June 30 2016		March 31 2016		December 31 2015		September 30 2015
Nonperforming loans held-for-sale	$	323	$	223	$	265	$	227	$	274
Nonperforming loans accounted for under the fair value option	293		302		312		306		321
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	27		38		36		38		49

⁽⁵⁾  Balances do not include loans held-for-sale past due 30 days or more and still accruing of $18 million, $13 million, $3 million, $24 million and $73 million at September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, respectively. At September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, there were $115 million, $117 million, $120 million, $127 million and $142 million, respectively, of loans accounted for under the fair value option past due 30 days or more and still accruing interest.

⁽⁶⁾  These balances are excluded from total nonperforming loans, leases and foreclosed properties.

⁽⁷⁾  Total assets and total loans and leases do not include loans accounted for under the fair value option of $8.1 billion, $8.7 billion, $8.2 billion, $6.9 billion and $7.2 billion at September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, respectively.

⁽⁸⁾  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. 37

Bank of America Corporation and Subsidiaries
Nonperforming Loans, Leases and Foreclosed Properties Activity (1)
(Dollars in millions)
	Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	6,705		$	7,247		$	8,165		$	8,697		$	9,575
Additions to nonperforming loans and leases:
New nonperforming loans and leases	831			799			951			1,027			1,029
Reductions to nonperforming loans and leases:
Paydowns and payoffs	(220		)	(252		)	(133		)	(214		)	(262		)
Sales	(237		)	(271		)	(823		)	(314		)	(447		)
Returns to performing status (2)	(383		)	(396		)	(441		)	(490		)	(722		)
Charge-offs (3)	(279		)	(334		)	(395		)	(450		)	(375		)
Transfers to foreclosed properties	(67		)	(88		)	(77		)	(91		)	(101		)
Total net reductions to nonperforming loans and leases	(355		)	(542		)	(918		)	(532		)	(878		)
Total nonperforming consumer loans and leases, end of period	6,350			6,705			7,247			8,165			8,697
Foreclosed properties	372			416			421			444			479
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	6,722		$	7,121		$	7,668		$	8,609		$	9,176
Nonperforming Commercial Loans and Leases (4):
Balance, beginning of period	$	1,659		$	1,603		$	1,212		$	1,102		$	1,172
Additions to nonperforming loans and leases:
New nonperforming loans and leases	890			489			697			456			205
Advances	2			2			9			8			11
Reductions to nonperforming loans and leases:
Paydowns	(267		)	(211		)	(120		)	(133		)	(145		)
Sales	(73		)	(87		)	(6		)	(27		)	—
Return to performing status (5)	(101		)	(29		)	(47		)	(32		)	(47		)
Charge-offs	(102		)	(106		)	(142		)	(162		)	(93		)
Transfers to foreclosed properties	—			(2		)	—			—			(1		)
Transfers to loans held-for-sale	(9		)	—			—			—			—
Total net additions (reductions) to nonperforming loans and leases	340			56			391			110			(70		)
Total nonperforming commercial loans and leases, end of period	1,999			1,659			1,603			1,212			1,102
Foreclosed properties	16			19			10			15			58
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	2,015		$	1,678		$	1,613		$	1,227		$	1,160

⁽¹⁾  For amounts excluded from nonperforming loans, leases and foreclosed properties, see footnotes to Nonperforming Loans, Leases and Foreclosed Properties table on page 37.

⁽²⁾  Consumer 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. Certain troubled debt restructurings are classified as nonperforming at the time of restructuring and may only be returned to performing status after considering the borrower's sustained repayment performance for a reasonable period, generally six months.

⁽³⁾  Our policy is not to classify consumer credit card and non-bankruptcy related 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.

⁽⁴⁾  Includes U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

⁽⁵⁾  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.

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
Quarterly Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Third Quarter 2016					Second Quarter 2016					First Quarter 2016					Fourth Quarter 2015				Third Quarter 2015
Net Charge-offs	Amount			Percent		Amount			Percent		Amount			Percent		Amount		Percent		Amount			Percent
Residential mortgage (3)	$	4		0.01	%	$	34		0.07	%	$	91		0.20	%	$	73	0.15	%	$	26		0.05	%
Home equity	97			0.55		126			0.70		112			0.60		193		0.99		120			0.60
U.S. credit card	543			2.45		573			2.66		587			2.71		563		2.52		546			2.46
Non-U.S. credit card	43			1.83		46			1.85		45			1.85		46		1.78		47			1.83
Direct/Indirect consumer	34			0.14		23			0.10		34			0.15		29		0.13		25			0.12
Other consumer	57			9.74		47			8.40		48			9.07		54		10.63		57			11.21
Total consumer	778			0.69		849			0.76		917			0.82		958		0.84		821			0.71
U.S. commercial (4)	62			0.10		28			0.04		65			0.10		81		0.13		52			0.09
Commercial real estate	(23		)	(0.16	)	(2		)	(0.01	)	(6		)	(0.04	)	4		0.03		(10		)	(0.08	)
Commercial lease financing	6			0.11		15			0.30		(2		)	(0.05	)	1		0.02		3			0.07
Non-U.S. commercial	10			0.04		45			0.20		42			0.19		45		0.20		9			0.04
	55			0.05		86			0.08		99			0.09		131		0.13		54			0.05
U.S. small business commercial	55			1.67		50			1.55		52			1.64		55		1.68		57			1.72
Total commercial	110			0.10		136			0.12		151			0.14		186		0.17		111			0.11
Total net charge-offs	$	888		0.40		$	985		0.44		$	1,068		0.48		$	1,144	0.52		$	932		0.43
By Business Segment and All Other
Consumer Banking	$	710		1.14	%	$	715		1.18	%	$	739		1.25	%	$	736	1.24	%	$	709		1.21	%
Global Wealth & Investment Management	12			0.03		14			0.04		5			0.01		20		0.06		17			0.05
Global Banking	57			0.07		80			0.10		104			0.13		137		0.17		53			0.07
Global Markets	4			0.02		5			0.03		—			—		—		—		—			—
All Other	105			0.41		171			0.63		220			0.76		251		0.80		153			0.46
Total net charge-offs	$	888		0.40		$	985		0.44		$	1,068		0.48		$	1,144	0.52		$	932		0.43

⁽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. Excluding the purchased credit-impaired loan portfolio, total annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.40, 0.45, 0.49, 0.53 and 0.43 for the three months ended September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, respectively.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $83 million, $82 million, $105 million, $82 million and $148 million for the three months ended September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, respectively. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.43, 0.48, 0.53, 0.55 and 0.49 for the three months ended September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, respectively.

⁽³⁾  Includes nonperforming loan sales charge-offs (recoveries and other recoveries) of $(7) million, $0, $42 million, $(8) million, and $(57) million for the three months ended September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015, respectively.

⁽⁴⁾  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. 39

Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Nine Months Ended September 30
	2016					2015
Net Charge-offs	Amount			Percent		Amount			Percent
Residential mortgage (3)	$	129		0.09	%	$	400		0.26	%
Home equity	335			0.61		443			0.72
U.S. credit card	1,703			2.60		1,751			2.66
Non-U.S. credit card	134			1.84		142			1.88
Direct/Indirect consumer	91			0.13		83			0.13
Other consumer	152			9.09		139			9.72
Total consumer	2,544			0.76		2,958			0.84
U.S. commercial (4)	155			0.08		58			0.03
Commercial real estate	(31		)	(0.07	)	(9		)	(0.02	)
Commercial lease financing	19			0.12		8			0.06
Non-U.S. commercial	97			0.14		9			0.01
	240			0.08		66			0.02
U.S. small business commercial	157			1.62		170			1.73
Total commercial	397			0.12		236			0.08
Total net charge-offs	$	2,941		0.44		$	3,194		0.49
By Business Segment and All Other
Consumer Banking	$	2,164		1.19	%	$	2,264		1.31	%
Global Wealth & Investment Management	31			0.03		52			0.05
Global Banking	241			0.10		57			0.03
Global Markets	9			0.02		—			—
All Other	496			0.60		821			0.74
Total net charge-offs	$	2,941		0.44		$	3,194		0.49

⁽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. Excluding the purchased credit-impaired loan portfolio, total annualized net charge-offs as a percentage of total average loans and leases outstanding were 0.45 and 0.50 for the nine months ended September 30, 2016 and 2015.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $270 million and $726 million for the nine months ended September 30, 2016 and 2015. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.48 and 0.61 for the nine months ended September 30, 2016 and 2015.

⁽³⁾  Includes charge-offs on nonperforming loan sales of $35 million and nonperforming loan sale recoveries and other recoveries of $119 million for the nine months ended September 30, 2016 and 2015.

⁽⁴⁾  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. 40

Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	September 30, 2016						June 30, 2016						September 30, 2015
Allowance for loan and lease losses	Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)		Amount		Percent of Total		Percent of Loans and Leases Outstanding (1, 2)
Residential mortgage	$	1,088	9.31	%	0.58	%	$	1,192	10.07	%	0.64	%	$	1,755	13.87	%	0.93	%
Home equity	1,901		16.26		2.75		2,017		17.04		2.82		2,645		20.90		3.39
U.S. credit card	2,857		24.44		3.22		2,806		23.71		3.18		2,973		23.49		3.37
Non-U.S. credit card	258		2.21		2.79		256		2.16		2.73		299		2.36		2.97
Direct/Indirect consumer	227		1.94		0.24		224		1.89		0.24		234		1.85		0.27
Other consumer	48		0.39		2.01		48		0.41		2.11		46		0.36		2.33
Total consumer	6,379		54.55		1.42		6,543		55.28		1.45		7,952		62.83		1.75
U.S. commercial (3)	3,427		29.31		1.22		3,441		29.07		1.24		2,749		21.72		1.07
Commercial real estate	915		7.83		1.60		919		7.76		1.60		1,084		8.56		1.95
Commercial lease financing	141		1.21		0.66		145		1.22		0.68		160		1.26		0.79
Non-U.S. commercial	830		7.10		0.95		789		6.67		0.89		712		5.63		0.80
Total commercial (4)	5,313		45.45		1.19		5,294		44.72		1.19		4,705		37.17		1.12
Allowance for loan and lease losses	11,692		100.00	%	1.30		11,837		100.00	%	1.32		12,657		100.00	%	1.45
Reserve for unfunded lending commitments	767						750						661
Allowance for credit losses	$	12,459					$	12,587					$	13,318
Asset Quality Indicators
Allowance for loan and lease losses/Total loans and leases (2)			1.30	%					1.32	%					1.45	%
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total loans and leases (excluding purchased credit-impaired loans) (2, 5)			1.27						1.29						1.37
Allowance for loan and lease losses/Total nonperforming loans and leases (6)			140						142						129
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases (5)			135						135						120
Ratio of the allowance for loan and lease losses/Annualized net charge-offs (7)			3.31						2.99						3.42
Ratio of the allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Annualized net charge-offs (5, 7)			3.18						2.85						3.18
Ratio of the allowance for loan and lease losses/Annualized net charge-offs and purchased credit-impaired write-offs			3.03						2.76						2.95

⁽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 included residential mortgage loans of $1.4 billion, $1.5 billion and $1.7 billion and home equity loans of $340 million, $354 million and $225 million at September 30, 2016, June 30, 2016 and September 30, 2015, respectively. Commercial loans accounted for under the fair value option included U.S. commercial loans of $2.6 billion, $2.7 billion and $2.3 billion and non-U.S. commercial loans of $3.7 billion, $4.1 billion and $3.0 billion at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽²⁾  Total loans and leases do not include loans accounted for under the fair value option of $8.1 billion, $8.7 billion and $7.2 billion at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽³⁾  Includes allowance for loan and lease losses for U.S. small business commercial loans of $444 million, $466 million and $520 million at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽⁴⁾  Includes allowance for loan and lease losses for impaired commercial loans of $258 million, $238 million and $154 million at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽⁵⁾  Excludes valuation allowance on purchased credit-impaired loans of $453 million, $528 million and $886 million at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽⁶⁾  Allowance for loan and lease losses includes $4.1 billion, $4.1 billion and $4.7 billion allocated to products (primarily the Consumer Lending portfolios within Consumer Banking and purchased credit-impaired loans) that are excluded from nonperforming loans and leases at September 30, 2016, June 30, 2016 and September 30, 2015, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 91 percent, 93 percent and 81 percent at September 30, 2016, June 30, 2016 and September 30, 2015, respectively.

⁽⁷⁾  Net charge-offs exclude $83 million, $82 million and $148 million of write-offs in the purchased credit-impaired loan portfolio at September 30, 2016, June 30, 2016 and September 30, 2015, 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. 41

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. Total revenue, net of interest expense, includes net interest income on a fully taxable-equivalent basis and noninterest income. The Corporation believes that this presentation allows for comparison of amounts from both taxable and tax-exempt sources and is consistent with industry practices. The Corporation presents 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. For purposes of this calculation, the Corporation uses the federal statutory tax rate of 35 percent. The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield measures 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. Tangible equity represents an adjusted shareholders' equity or common shareholders' equity amount which has been reduced by goodwill and intangible assets (excluding mortgage servicing rights), net of related deferred tax liabilities. Return on average tangible common shareholders' equity measures the Corporation's earnings contribution as a percentage of adjusted average common shareholders' equity. The tangible common equity ratio represents adjusted ending common shareholders' equity divided by total assets 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 adjusted average total shareholders' equity. The tangible equity ratio represents adjusted ending shareholders' equity 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 adjusted ending common shareholders' equity divided by ending common shares outstanding. These measures are used to evaluate the Corporation's use of equity. In addition, profitability, relationship and investment models all use return on average tangible shareholders' equity as key measures to support our overall growth goals.

See the table below and on page 43 for reconciliations of these non-GAAP financial measures to financial measures defined by GAAP for the nine months ended September 30, 2016 and 2015 and the three months ended September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015 and September 30, 2015. 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 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	30,804		$	29,272		$	10,201		$	10,118		$	10,485		$	9,686		$	9,900
Fully taxable-equivalent adjustment	666			664			228			223			215			225			227
Net interest income on a fully taxable-equivalent basis	$	31,470		$	29,936		$	10,429		$	10,341		$	10,700		$	9,911		$	10,127
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	$	63,711		$	63,383		$	21,635		$	21,286		$	20,790		$	19,582		$	20,992
Fully taxable-equivalent adjustment	666			664			228			223			215			225			227
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	64,377		$	64,047		$	21,863		$	21,509		$	21,005		$	19,807		$	21,219
Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis
Income tax expense	$	5,888		$	4,756		$	2,349		$	2,034		$	1,505		$	1,478		$	1,628
Fully taxable-equivalent adjustment	666			664			228			223			215			225			227
Income tax expense on a fully taxable-equivalent basis	$	6,554		$	5,420		$	2,577		$	2,257		$	1,720		$	1,703		$	1,855
Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	240,440		$	228,614		$	243,679		$	240,376		$	237,229		$	234,800		$	231,524
Goodwill	(69,752		)	(69,775		)	(69,744		)	(69,751		)	(69,761		)	(69,761		)	(69,774		)
Intangible assets (excluding mortgage servicing rights)	(3,480		)	(4,307		)	(3,276		)	(3,480		)	(3,687		)	(3,888		)	(4,099		)
Related deferred tax liabilities	1,666			1,885			1,628			1,662			1,707			1,753			1,811
Tangible common shareholders' equity	$	168,874		$	156,417		$	172,287		$	168,807		$	165,488		$	162,904		$	159,462
Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	264,907		$	250,265		$	268,899		$	265,354		$	260,423		$	257,074		$	253,798
Goodwill	(69,752		)	(69,775		)	(69,744		)	(69,751		)	(69,761		)	(69,761		)	(69,774		)
Intangible assets (excluding mortgage servicing rights)	(3,480		)	(4,307		)	(3,276		)	(3,480		)	(3,687		)	(3,888		)	(4,099		)
Related deferred tax liabilities	1,666			1,885			1,628			1,662			1,707			1,753			1,811
Tangible shareholders' equity	$	193,341		$	178,068		$	197,507		$	193,785		$	188,682		$	185,178		$	181,736

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

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 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015			Third Quarter 2015
	2016			2015
Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	244,863		$	233,588		$	244,863		$	242,206		$	238,662		$	233,903		$	233,588
Goodwill	(69,744		)	(69,761		)	(69,744		)	(69,744		)	(69,761		)	(69,761		)	(69,761		)
Intangible assets (excluding mortgage servicing rights)	(3,168		)	(3,973		)	(3,168		)	(3,352		)	(3,578		)	(3,768		)	(3,973		)
Related deferred tax liabilities	1,588			1,762			1,588			1,637			1,667			1,716			1,762
Tangible common shareholders' equity	$	173,539		$	161,616		$	173,539		$	170,747		$	166,990		$	162,090		$	161,616
Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	270,083		$	255,861		$	270,083		$	267,426		$	263,004		$	256,176		$	255,861
Goodwill	(69,744		)	(69,761		)	(69,744		)	(69,744		)	(69,761		)	(69,761		)	(69,761		)
Intangible assets (excluding mortgage servicing rights)	(3,168		)	(3,973		)	(3,168		)	(3,352		)	(3,578		)	(3,768		)	(3,973		)
Related deferred tax liabilities	1,588			1,762			1,588			1,637			1,667			1,716			1,762
Tangible shareholders' equity	$	198,759		$	183,889		$	198,759		$	195,967		$	191,332		$	184,363		$	183,889
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,195,314		$	2,152,962		$	2,195,314		$	2,186,966		$	2,185,726		$	2,144,287		$	2,152,962
Goodwill	(69,744		)	(69,761		)	(69,744		)	(69,744		)	(69,761		)	(69,761		)	(69,761		)
Intangible assets (excluding mortgage servicing rights)	(3,168		)	(3,973		)	(3,168		)	(3,352		)	(3,578		)	(3,768		)	(3,973		)
Related deferred tax liabilities	1,588			1,762			1,588			1,637			1,667			1,716			1,762
Tangible assets	$	2,123,990		$	2,080,990		$	2,123,990		$	2,115,507		$	2,114,054		$	2,072,474		$	2,080,990

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