Supplemental Information

Fourth 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
Annual Average Balances and Interest Rates	11
Debt Securities and Available-for-Sale Marketable Equity Securities	13
Supplemental Financial Data	14
Quarterly Results by Business Segment and All Other	15
Annual Results by Business Segment and All Other	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 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
Annual 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

Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Income statement
Net interest income	$	41,096		$	38,958		$	10,292		$	10,201		$	10,118		$	10,485		$	9,686
Noninterest income	42,605			44,007			9,698			11,434			11,168			10,305			9,896
Total revenue, net of interest expense	83,701			82,965			19,990			21,635			21,286			20,790			19,582
Provision for credit losses	3,597			3,161			774			850			976			997			810
Noninterest expense	54,951			57,734			13,161			13,481			13,493			14,816			14,010
Income tax expense	7,247			6,234			1,359			2,349			2,034			1,505			1,478
Net income	17,906			15,836			4,696			4,955			4,783			3,472			3,284
Preferred stock dividends	1,682			1,483			361			503			361			457			330
Net income applicable to common shareholders	16,224			14,353			4,335			4,452			4,422			3,015			2,954
Diluted earnings per common share	1.50			1.31			0.40			0.41			0.41			0.28			0.27
Average diluted common shares issued and outstanding	11,035,657			11,213,992			10,958,621			11,000,473			11,059,167			11,100,067			11,153,169
Dividends paid per common share	$	0.25		$	0.20		$	0.075		$	0.075		$	0.05		$	0.05		$	0.05
Performance ratios
Return on average assets	0.82		%	0.73		%	0.85		%	0.90		%	0.88		%	0.64		%	0.60		%
Return on average common shareholders' equity	6.71			6.24			7.04			7.27			7.40			5.11			4.99
Return on average shareholders' equity	6.72			6.28			6.91			7.33			7.25			5.36			5.07
Return on average tangible common shareholders' equity (1)	9.54			9.08			9.92			10.28			10.54			7.33			7.19
Return on average tangible shareholders' equity (1)	9.19			8.80			9.38			9.98			9.93			7.40			7.04
At period end
Book value per share of common stock	$	24.04		$	22.53		$	24.04		$	24.19		$	23.71		$	23.14		$	22.53
Tangible book value per share of common stock (1)	16.95			15.62			16.95			17.14			16.71			16.19			15.62
Market price per share of common stock:
Closing price	$	22.10		$	16.83		$	22.10		$	15.65		$	13.27		$	13.52		$	16.83
High closing price for the period	23.16			18.45			23.16			16.19			15.11			16.43			17.95
Low closing price for the period	11.16			15.15			15.63			12.74			12.18			11.16			15.38
Market capitalization	222,163			174,700			222,163			158,438			135,577			139,427			174,700
Number of financial centers - U.S.	4,579			4,726			4,579			4,629			4,681			4,689			4,726
Number of branded ATMs - U.S.	15,928			16,038			15,928			15,959			15,998			16,003			16,038
Full-time equivalent employees	208,024			213,280			208,024			209,009			210,516			213,183			213,280

⁽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)
	Year Ended December 31				Fourth Quarter 2016		Third Quarter 2016		Second Quarter 2016		First Quarter 2016		Fourth Quarter 2015
	2016		2015
Interest income
Loans and leases	$	33,228	$	31,918	$	8,391	$	8,358	$	8,219	$	8,260	$	8,006
Debt securities	9,167		9,178		2,245		2,144		2,261		2,517		2,452
Federal funds sold and securities borrowed or purchased under agreements to resell	1,118		988		315		267		260		276		214
Trading account assets	4,423		4,397		1,093		1,076		1,075		1,179		1,106
Other interest income	3,121		3,026		821		765		759		776		805
Total interest income	51,057		49,507		12,865		12,610		12,574		13,008		12,583
Interest expense
Deposits	1,015		861		279		266		245		225		211
Short-term borrowings	2,350		2,387		542		569		626		613		519
Trading account liabilities	1,018		1,343		240		244		242		292		272
Long-term debt	5,578		5,958		1,512		1,330		1,343		1,393		1,895
Total interest expense	9,961		10,549		2,573		2,409		2,456		2,523		2,897
Net interest income	41,096		38,958		10,292		10,201		10,118		10,485		9,686
Noninterest income
Card income	5,851		5,959		1,502		1,455		1,464		1,430		1,578
Service charges	7,638		7,381		1,978		1,952		1,871		1,837		1,862
Investment and brokerage services	12,745		13,337		3,202		3,160		3,201		3,182		3,236
Investment banking income	5,241		5,572		1,222		1,458		1,408		1,153		1,272
Trading account profits	6,902		6,473		1,081		2,141		2,018		1,662		963
Mortgage banking income	1,853		2,364		519		589		312		433		262
Gains on sales of debt securities	490		1,138		—		51		249		190		252
Other income	1,885		1,783		194		628		645		418		471
Total noninterest income	42,605		44,007		9,698		11,434		11,168		10,305		9,896
Total revenue, net of interest expense	83,701		82,965		19,990		21,635		21,286		20,790		19,582
Provision for credit losses	3,597		3,161		774		850		976		997		810
Noninterest expense
Personnel	31,616		32,868		7,338		7,704		7,722		8,852		7,535
Occupancy	4,038		4,093		969		1,005		1,036		1,028		1,011
Equipment	1,804		2,039		447		443		451		463		528
Marketing	1,703		1,811		460		410		414		419		481
Professional fees	1,971		2,264		538		536		472		425		676
Amortization of intangibles	730		834		176		181		186		187		202
Data processing	3,007		3,115		767		685		717		838		817
Telecommunications	746		823		195		189		189		173		240
Other general operating	9,336		9,887		2,271		2,328		2,306		2,431		2,520
Total noninterest expense	54,951		57,734		13,161		13,481		13,493		14,816		14,010
Income before income taxes	25,153		22,070		6,055		7,304		6,817		4,977		4,762
Income tax expense	7,247		6,234		1,359		2,349		2,034		1,505		1,478
Net income	$	17,906	$	15,836	$	4,696	$	4,955	$	4,783	$	3,472	$	3,284
Preferred stock dividends	1,682		1,483		361		503		361		457		330
Net income applicable to common shareholders	$	16,224	$	14,353	$	4,335	$	4,452	$	4,422	$	3,015	$	2,954
Per common share information
Earnings	$	1.58	$	1.37	$	0.43	$	0.43	$	0.43	$	0.29	$	0.28
Diluted earnings	1.50		1.31		0.40		0.41		0.41		0.28		0.27
Dividends paid	0.25		0.20		0.075		0.075		0.05		0.05		0.05
Average common shares issued and outstanding	10,284,147		10,462,282		10,170,031		10,250,124		10,328,424		10,370,094		10,399,422
Average diluted common shares issued and outstanding	11,035,657		11,213,992		10,958,621		11,000,473		11,059,167		11,100,067		11,153,169

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)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016		Fourth Quarter 2015
	2016			2015
Net income	$	17,906		$	15,836		$	4,696		$	4,955		$	4,783		$	3,472	$	3,284
Other comprehensive income (loss), net-of-tax:
Net change in debt and marketable equity securities	(1,345		)	(1,580		)	(4,664		)	208			755			2,356		(1,747		)
Net change in debit valuation adjustments	(156		)	615			(205		)	(65		)	(13		)	127		(18		)
Net change in derivatives	182			584			(95		)	127			126			24		168
Employee benefit plan adjustments	(524		)	394			(553		)	6			13			10		317
Net change in foreign currency translation adjustments	(87		)	(123		)	(70		)	(8		)	(21		)	12		(39		)
Other comprehensive income (loss)	(1,930		)	(110		)	(5,587		)	268			860			2,529		(1,319		)
Comprehensive income (loss)	$	15,976		$	15,726		$	(891	)	$	5,223		$	5,643		$	6,001	$	1,965

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)
	December 31 2016			September 30 2016			December 31 2015
Assets
Cash and due from banks	$	30,719		$	26,701		$	31,265
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	117,019			116,733			128,088
Cash and cash equivalents	147,738			143,434			159,353
Time deposits placed and other short-term investments	9,861			8,506			7,744
Federal funds sold and securities borrowed or purchased under agreements to resell	198,224			218,810			192,482
Trading account assets	180,209			187,849			176,527
Derivative assets	42,512			47,896			49,990
Debt securities:
Carried at fair value	313,660			322,505			322,380
Held-to-maturity, at cost	117,071			112,409			84,508
Total debt securities	430,731			434,914			406,888
Loans and leases	906,683			905,008			896,983
Allowance for loan and lease losses	(11,237		)	(11,692		)	(12,234		)
Loans and leases, net of allowance	895,446			893,316			884,749
Premises and equipment, net	9,139			9,133			9,485
Mortgage servicing rights	2,747			2,477			3,087
Goodwill	68,969			69,744			69,761
Intangible assets	2,922			3,168			3,768
Loans held-for-sale	9,066			10,586			7,453
Customer and other receivables	58,759			54,116			58,312
Assets of business held for sale	10,670			n/a			n/a
Other assets	120,709			111,365			114,688
Total assets	$	2,187,702		$	2,195,314		$	2,144,287
Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	5,773		$	5,699		$	6,344
Loans and leases	56,001			57,826			72,946
Allowance for loan and lease losses	(1,032		)	(1,085		)	(1,320		)
Loans and leases, net of allowance	54,969			56,741			71,626
Loans held-for-sale	188			209			284
All other assets	1,596			1,467			1,530
Total assets of consolidated variable interest entities	$	62,526		$	64,116		$	79,784

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. 5

Bank of America Corporation and Subsidiaries
Consolidated Balance Sheet (continued)
(Dollars in millions)
	December 31 2016			September 30 2016			December 31 2015
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	438,125		$	431,418		$	422,237
Interest-bearing	750,891			728,498			703,761
Deposits in non-U.S. offices:
Noninterest-bearing	12,039			11,596			9,916
Interest-bearing	59,879			61,383			61,345
Total deposits	1,260,934			1,232,895			1,197,259
Federal funds purchased and securities loaned or sold under agreements to repurchase	170,291			178,195			174,291
Trading account liabilities	63,031			76,998			66,963
Derivative liabilities	39,480			43,484			38,450
Short-term borrowings	23,944			26,889			28,098
Accrued expenses and other liabilities (includes $762, $767 and $646 of reserve for unfunded lending commitments)	146,359			141,634			146,286
Long-term debt	216,823			225,136			236,764
Total liabilities	1,920,862			1,925,231			1,888,111
Shareholders' equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,887,329, 3,887,439 and 3,767,790 shares	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 – 10,052,625,604, 10,123,845,121 and 10,380,265,063 shares	147,038			148,261			151,042
Retained earnings	101,870			98,303			88,219
Accumulated other comprehensive income (loss)	(7,288		)	(1,701		)	(5,358		)
Total shareholders' equity	266,840			270,083			256,176
Total liabilities and shareholders' equity	$	2,187,702		$	2,195,314		$	2,144,287
Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	348		$	546		$	681
Long-term debt	10,646			11,209			14,073
All other liabilities	41			38			21
Total liabilities of consolidated variable interest entities	$	11,035		$	11,793		$	14,775

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
	December 31 2016			September 30 2016			June 30 2016			March 31 2016			December 31 2015
Risk-based capital metrics (1):
Standardized Approach
Common equity tier 1 capital	$	168,886		$	169,925		$	166,173		$	162,732		$	163,026
Tier 1 capital	190,349			191,435			187,209			182,550			180,778
Total capital	228,219			229,132			226,949			223,020			220,676
Risk-weighted assets	1,398,676			1,395,541			1,396,277			1,405,748			1,403,293
Common equity tier 1 capital ratio	12.1		%	12.2		%	11.9		%	11.6		%	11.6		%
Tier 1 capital ratio	13.6			13.7			13.4			13.0			12.9
Total capital ratio	16.3			16.4			16.3			15.9			15.7
Advanced Approaches
Common equity tier 1 capital	$	168,886		$	169,925		$	166,173		$	162,732		$	163,026
Tier 1 capital	190,349			191,435			187,209			182,550			180,778
Total capital	219,024			219,878			217,828			213,434			210,912
Risk-weighted assets	1,530,948			1,547,221			1,561,567			1,586,993			1,602,373
Common equity tier 1 capital ratio	11.0		%	11.0		%	10.6		%	10.3		%	10.2		%
Tier 1 capital ratio	12.4			12.4			12.0			11.5			11.3
Total capital ratio	14.3			14.2			13.9			13.4			13.2
Leverage-based metrics (2)
Adjusted average assets	$	2,130,722		$	2,111,234		$	2,109,172		$	2,094,896		$	2,103,183
Tier 1 leverage ratio	8.9		%	9.1		%	8.9		%	8.7		%	8.6		%
Supplementary leverage exposure	$	2,701,998		$	2,703,905		$	2,694,079		$	2,685,787		$	2,726,806
Supplementary leverage ratio	6.9		%	7.1		%	6.9		%	6.8		%	6.4		%
Tangible equity ratio (3)	9.2			9.4			9.3			9.1			8.9
Tangible common equity ratio (3)	8.1			8.2			8.1			7.9			7.8

⁽¹⁾  Regulatory capital ratios are preliminary and reflect the transition provisions of Basel 3.

⁽²⁾  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.

⁽³⁾  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.)

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)
	December 31 2016			September 30 2016			June 30 2016			March 31 2016			December 31 2015
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition)	$	168,886		$	169,925		$	166,173		$	162,732		$	163,026
Deferred tax assets arising from net operating loss and tax credit carryforwards phased in during transition	(3,304		)	(3,143		)	(3,496		)	(3,764		)	(5,151		)
Accumulated OCI phased in during transition	(1,899		)	188			359			(117		)	(1,917		)
Intangibles phased in during transition	(798		)	(853		)	(907		)	(983		)	(1,559		)
Defined benefit pension fund assets phased in during transition	(341		)	(375		)	(378		)	(381		)	(568		)
DVA related to liabilities and derivatives phased in during transition	276			168			104			76			307
Other adjustments and deductions phased in during transition	(57		)	(35		)	(24		)	(54		)	(54		)
Common equity tier 1 capital (fully phased-in)	$	162,763		$	165,875		$	161,831		$	157,509		$	154,084
Risk-weighted assets – As reported to Basel 3 (fully phased-in)
Basel 3 Standardized approach risk-weighted assets as reported	$	1,398,676		$	1,395,541		$	1,396,277		$	1,405,748		$	1,403,293
Changes in risk-weighted assets from reported to fully phased-in	17,376			15,587			17,689			20,104			24,089
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	$	1,416,052		$	1,411,128		$	1,413,966		$	1,425,852		$	1,427,382
Basel 3 Advanced approaches risk-weighted assets as reported	$	1,530,948		$	1,547,221		$	1,561,567		$	1,586,993		$	1,602,373
Changes in risk-weighted assets from reported to fully phased-in	(19,059		)	(23,502		)	(19,600		)	(29,710		)	(27,690		)
Basel 3 Advanced approaches risk-weighted assets (fully phased-in) (4)	$	1,511,889		$	1,523,719		$	1,541,967		$	1,557,283		$	1,574,683
Regulatory capital ratios
Basel 3 Standardized approach common equity tier 1 (transition)	12.1		%	12.2		%	11.9		%	11.6		%	11.6		%
Basel 3 Advanced approaches common equity tier 1 (transition)	11.0			11.0			10.6			10.3			10.2
Basel 3 Standardized approach common equity tier 1 (fully phased-in)	11.5			11.8			11.4			11.0			10.8
Basel 3 Advanced approaches common equity tier 1 (fully phased-in) (4)	10.8			10.9			10.5			10.1			9.8

⁽¹⁾  Regulatory capital ratios are preliminary.

⁽²⁾  As an Advanced approaches institution, we are required to report regulatory capital risk-weighted assets and ratios under both the Standardized and Advanced approaches. The approach that yields the lower ratio is to be used to assess capital adequacy, which is Advanced approaches for the periods presented.

⁽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 December 31, 2016, the Corporation did not have regulatory approval for the IMM model.

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)
	Fourth Quarter 2016						Third Quarter 2016						Fourth 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	$	125,820	$	145	0.46	%	$	133,866	$	148	0.44	%	$	148,102	$	108	0.29	%
Time deposits placed and other short-term investments	9,745		39		1.57		9,336		34		1.45		10,120		41		1.61
Federal funds sold and securities borrowed or purchased under agreements to resell	218,200		315		0.57		214,254		267		0.50		207,585		214		0.41
Trading account assets	126,731		1,131		3.55		128,879		1,111		3.43		134,797		1,141		3.37
Debt securities (1)	430,719		2,273		2.11		423,182		2,169		2.07		399,338		2,470		2.48
Loans and leases (2):
Residential mortgage	191,003		1,621		3.39		188,234		1,612		3.42		189,650		1,644		3.47
Home equity	68,021		618		3.63		70,603		681		3.84		77,109		715		3.69
U.S. credit card	89,521		2,105		9.35		88,210		2,061		9.30		88,623		2,045		9.15
Non-U.S. credit card	9,051		192		8.43		9,256		231		9.94		10,155		258		10.07
Direct/Indirect consumer	93,527		598		2.54		92,870		585		2.51		87,858		530		2.40
Other consumer	2,462		25		3.99		2,358		18		2.94		2,039		11		2.09
Total consumer	453,585		5,159		4.53		451,531		5,188		4.58		455,434		5,203		4.55
U.S. commercial	283,491		2,119		2.97		276,833		2,040		2.93		261,727		1,790		2.72
Commercial real estate	57,540		453		3.13		57,606		452		3.12		56,126		408		2.89
Commercial lease financing	21,436		145		2.71		21,194		153		2.88		20,422		155		3.03
Non-U.S. commercial	92,344		589		2.54		93,430		599		2.55		92,447		530		2.27
Total commercial	454,811		3,306		2.89		449,063		3,244		2.87		430,722		2,883		2.66
Total loans and leases (1)	908,396		8,465		3.71		900,594		8,432		3.73		886,156		8,086		3.63
Other earning assets	64,501		731		4.52		59,951		677		4.50		61,073		748		4.87
Total earning assets (3)	1,884,112		13,099		2.77		1,870,062		12,838		2.73		1,847,171		12,808		2.76
Cash and due from banks (1)	27,452						27,361						29,503
Other assets, less allowance for loan and lease losses (1)	296,475						292,067						303,833
Total assets	$	2,208,039					$	2,189,490					$	2,180,507

⁽¹⁾  Includes assets of the Corporation's non-U.S. consumer credit card business, which are included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.

⁽²⁾  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.

⁽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:

	Fourth Quarter 2016				Third Quarter 2016				Fourth Quarter 2015
Federal funds sold and securities borrowed or purchased under agreements to resell		$	8			$	(1	)		$	7
Debt securities		(19		)		(49		)		(22		)
U.S. commercial loans and leases		(10		)		(14		)		(17		)
Net hedge expense on assets		$	(21	)		$	(64	)		$	(32	)

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)
	Fourth Quarter 2016						Third Quarter 2016						Fourth 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	$	50,132	$	1	0.01	%	$	49,885	$	2	0.01	%	$	46,094	$	1	0.01	%
NOW and money market deposit accounts	604,155		78		0.05		592,907		73		0.05		558,441		68		0.05
Consumer CDs and IRAs	47,625		32		0.27		48,695		33		0.27		51,107		37		0.29
Negotiable CDs, public funds and other deposits	34,904		53		0.60		32,023		43		0.54		30,546		25		0.32
Total U.S. interest-bearing deposits	736,816		164		0.09		723,510		151		0.08		686,188		131		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	2,918		4		0.48		4,294		9		0.87		3,997		7		0.69
Governments and official institutions	1,346		2		0.74		1,391		3		0.61		1,687		2		0.37
Time, savings and other	60,123		109		0.73		59,340		103		0.70		55,965		71		0.51
Total non-U.S. interest-bearing deposits	64,387		115		0.71		65,025		115		0.71		61,649		80		0.52
Total interest-bearing deposits	801,203		279		0.14		788,535		266		0.13		747,837		211		0.11
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	207,679		542		1.04		207,634		569		1.09		231,650		519		0.89
Trading account liabilities	71,598		240		1.33		73,452		244		1.32		73,139		272		1.48
Long-term debt (1)	220,587		1,512		2.74		227,269		1,330		2.33		237,384		1,895		3.18
Total interest-bearing liabilities (2)	1,301,067		2,573		0.79		1,296,890		2,409		0.74		1,290,010		2,897		0.89
Noninterest-bearing sources:
Noninterest-bearing deposits	449,745						438,651						438,214
Other liabilities	186,867						185,050						195,209
Shareholders' equity	270,360						268,899						257,074
Total liabilities and shareholders' equity	$	2,208,039					$	2,189,490					$	2,180,507
Net interest spread					1.98	%					1.99	%					1.87	%
Impact of noninterest-bearing sources					0.25						0.24						0.27
Net interest income/yield on earning assets			$	10,526	2.23	%			$	10,429	2.23	%			$	9,911	2.14	%

⁽¹⁾  The yield on long-term debt excluding the $612 million adjustment on certain trust preferred securities was 2.15 percent for the fourth quarter of 2015. The yield on long-term debt excluding the adjustment is a non-GAAP financial measure.

⁽²⁾  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:

	Fourth Quarter 2016				Third Quarter 2016				Fourth Quarter 2015
Consumer CDs and IRAs		$	6			$	6			$	6
Negotiable CDs, public funds and other deposits		3				3				3
Banks located in non-U.S. countries		5				4				1
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		94				95				178
Long-term debt		(440		)		(668		)		(869		)
Net hedge income on liabilities		$	(332	)		$	(560	)		$	(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. 10

Bank of America Corporation and Subsidiaries
Annual Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	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	$	133,374	$	605	0.45	%	$	136,391	$	369	0.27	%
Time deposits placed and other short-term investments	9,026		140		1.55		9,556		146		1.53
Federal funds sold and securities borrowed or purchased under agreements to resell	216,161		1,118		0.52		211,471		988		0.47
Trading account assets	129,766		4,563		3.52		137,837		4,547		3.30
Debt securities (1)	418,289		9,263		2.23		390,849		9,233		2.38
Loans and leases (2):
Residential mortgage	188,250		6,488		3.45		201,366		6,967		3.46
Home equity	71,760		2,713		3.78		81,070		2,984		3.68
U.S. credit card	87,905		8,170		9.29		88,244		8,085		9.16
Non-U.S. credit card	9,527		926		9.72		10,104		1,051		10.40
Direct/Indirect consumer	91,853		2,296		2.50		84,585		2,040		2.41
Other consumer	2,295		75		3.26		1,938		56		2.86
Total consumer	451,590		20,668		4.58		467,307		21,183		4.53
U.S. commercial	276,887		8,101		2.93		248,354		6,883		2.77
Commercial real estate	57,547		1,773		3.08		52,136		1,521		2.92
Commercial lease financing	21,146		627		2.97		19,802		628		3.17
Non-U.S. commercial	93,263		2,337		2.51		89,188		2,008		2.25
Total commercial	448,843		12,838		2.86		409,480		11,040		2.70
Total loans and leases (1)	900,433		33,506		3.72		876,787		32,223		3.68
Other earning assets	59,775		2,762		4.62		62,040		2,890		4.66
Total earning assets (3)	1,866,824		51,957		2.78		1,824,931		50,396		2.76
Cash and due from banks (1)	27,893						28,921
Other assets, less allowance for loan and lease losses (1)	295,254						306,345
Total assets	$	2,189,971					$	2,160,197

⁽¹⁾  Includes assets of the Corporation's non-U.S. consumer credit card business, which are included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.

⁽²⁾  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.

⁽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		$	25			$	52
Debt securities		(150		)		(44		)
U.S. commercial loans and leases		(51		)		(67		)
Net hedge expense on assets		$	(176	)		$	(59	)

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
Annual Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	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	$	49,495	$	5	0.01	%	$	46,498	$	7	0.01	%
NOW and money market deposit accounts	589,737		294		0.05		543,133		273		0.05
Consumer CDs and IRAs	48,594		133		0.27		54,679		162		0.30
Negotiable CDs, public funds and other deposits	32,889		160		0.49		29,976		95		0.32
Total U.S. interest-bearing deposits	720,715		592		0.08		674,286		537		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	3,891		32		0.82		4,473		31		0.70
Governments and official institutions	1,437		9		0.64		1,492		5		0.33
Time, savings and other	59,183		382		0.65		54,767		288		0.53
Total non-U.S. interest-bearing deposits	64,511		423		0.66		60,732		324		0.53
Total interest-bearing deposits	785,226		1,015		0.13		735,018		861		0.12
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	213,258		2,350		1.10		246,295		2,387		0.97
Trading account liabilities	72,779		1,018		1.40		76,772		1,343		1.75
Long-term debt (1)	228,617		5,578		2.44		240,059		5,958		2.48
Total interest-bearing liabilities (2)	1,299,880		9,961		0.77		1,298,144		10,549		0.81
Noninterest-bearing sources:
Noninterest-bearing deposits	437,335						420,842
Other liabilities	186,479						189,230
Shareholders' equity	266,277						251,981
Total liabilities and shareholders' equity	$	2,189,971					$	2,160,197
Net interest spread					2.01	%					1.95	%
Impact of noninterest-bearing sources					0.24						0.24
Net interest income/yield on earning assets			$	41,996	2.25	%			$	39,847	2.19	%

⁽¹⁾  The yield on long-term debt excluding the $612 million adjustment on certain trust preferred securities was 2.23 percent for 2015. The yield on long-term debt excluding the adjustment is a non-GAAP financial measure.

⁽²⁾  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		23				23
Negotiable CDs, public funds and other deposits		13				13
Banks located in non-U.S. countries		13				5
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		500				906
Long-term debt		(2,615		)		(3,308		)
Net hedge income on liabilities		$	(2,067	)		$	(2,362	)

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)
	December 31, 2016
	Amortized Cost			Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	190,809		$	640	$	(1,963	)	$	189,486
Agency-collateralized mortgage obligations	8,296			85		(51		)	8,330
Commercial	12,594			21		(293		)	12,322
Non-agency residential	1,863			181		(31		)	2,013
Total mortgage-backed securities	213,562			927		(2,338		)	212,151
U.S. Treasury and agency securities	48,800			204		(752		)	48,252
Non-U.S. securities	6,372			13		(3		)	6,382
Other taxable securities, substantially all asset-backed securities	10,573			64		(23		)	10,614
Total taxable securities	279,307			1,208		(3,116		)	277,399
Tax-exempt securities	17,272			72		(184		)	17,160
Total available-for-sale debt securities	296,579			1,280		(3,300		)	294,559
Less: Available-for-sale securities of business held for sale	(619		)	—		—			(619		)
Other debt securities carried at fair value	19,748			121		(149		)	19,720
Total debt securities carried at fair value	315,708			1,401		(3,449		)	313,660
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	117,071			248		(2,034		)	115,285
Total debt securities	$	432,779		$	1,649	$	(5,483	)	$	428,945
Available-for-sale marketable equity securities (1)	$	325		$	51	$	(1	)	$	375
	September 30, 2016
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

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

Other Debt Securities Carried at Fair Value
(Dollars in millions)	December 31 2016		September 30 2016
Mortgage-backed securities:
Agency-collateralized mortgage obligations	$	5	$	6
Non-agency residential	3,139		3,193
Total mortgage-backed securities	3,144		3,199
Non-U.S. securities (1)	16,336		17,680
Other taxable securities, substantially all asset-backed securities	240		246
Total	$	19,720	$	21,125

⁽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
Supplemental Financial Data
(Dollars in millions)
Fully taxable-equivalent (FTE) basis data(1)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Net interest income	$	41,996		$	39,847		$	10,526		$	10,429		$	10,341		$	10,700		$	9,911
Total revenue, net of interest expense	84,601			83,854			20,224			21,863			21,509			21,005			19,807
Net interest yield	2.25		%	2.19		%	2.23		%	2.23		%	2.23		%	2.33		%	2.14		%
Efficiency ratio	64.95			68.85			65.08			61.66			62.73			70.54			70.73

⁽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. 14

Bank of America Corporation and Subsidiaries
Quarterly Results by Business Segment and All Other
(Dollars in millions)
	Fourth Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,526	$	5,466	$	1,449	$	2,502	$	1,167		$	(58	)
Card income	1,502		1,290		38		117		12			45
Service charges	1,978		1,062		18		810		81			7
Investment and brokerage services	3,202		64		2,597		24		519			(2		)
Investment banking income (loss)	1,222		1		47		653		554			(33		)
Trading account profits (losses)	1,081		—		52		39		1,149			(159		)
Mortgage banking income	519		206		2		—		—			311
Other income (loss)	194		22		174		389		(10		)	(381		)
Total noninterest income	9,698		2,645		2,928		2,032		2,305			(212		)
Total revenue, net of interest expense (FTE basis)	20,224		8,111		4,377		4,534		3,472			(270		)
Provision for credit losses	774		760		22		13		8			(29		)
Noninterest expense	13,161		4,328		3,360		2,037		2,480			956
Income (loss) before income taxes (FTE basis)	6,289		3,023		995		2,484		984			(1,197		)
Income tax expense (benefit) (FTE basis)	1,593		1,102		361		906		326			(1,102		)
Net income (loss)	$	4,696	$	1,921	$	634	$	1,578	$	658		$	(95	)
Average
Total loans and leases	$	908,396	$	253,602	$	146,180	$	337,827	$	70,615		$	100,172
Total assets (1)	2,208,039		686,991		291,762		403,564		595,276			230,446
Total deposits	1,250,948		617,970		256,629		314,133		33,775			28,441
Period end
Total loans and leases (2)	$	915,897	$	258,991	$	148,179	$	339,271	$	72,743		$	96,713
Total assets (1)	2,187,702		702,339		298,932		408,268		566,060			212,103
Total deposits	1,260,934		632,790		262,530		306,430		34,927			24,257
	Third Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,429	$	5,289	$	1,394	$	2,470	$	1,119		$	157
Card income	1,455		1,218		41		135		15			46
Service charges	1,952		1,072		19		780		80			1
Investment and brokerage services	3,160		69		2,585		20		490			(4		)
Investment banking income (loss)	1,458		—		56		796		645			(39		)
Trading account profits	2,141		—		62		56		1,934			89
Mortgage banking income	589		297		—		—		—			292
Gains on sales of debt securities	51		—		—		—		—			51
Other income (loss)	628		23		222		491		75			(183		)
Total noninterest income	11,434		2,679		2,985		2,278		3,239			253
Total revenue, net of interest expense (FTE basis)	21,863		7,968		4,379		4,748		4,358			410
Provision for credit losses	850		698		7		118		19			8
Noninterest expense	13,481		4,371		3,256		2,151		2,656			1,047
Income (loss) before income taxes (FTE basis)	7,532		2,899		1,116		2,479		1,683			(645		)
Income tax expense (benefit) (FTE basis)	2,577		1,086		419		926		609			(463		)
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

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

⁽²⁾  Includes $9.2 billion of non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet.

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
Quarterly Results by Business Segment and All Other (continued)
(Dollars in millions)
	Fourth Quarter 2015
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income (FTE basis)	$	9,911	$	5,229	$	1,446	$	2,456	$	1,132	$	(352	)
Card income	1,578		1,313		46		139		19		61
Service charges	1,862		1,045		18		730		64		5
Investment and brokerage services	3,236		66		2,639		20		518		(7		)
Investment banking income (loss)	1,272		1		50		729		532		(40		)
Trading account profits	963		—		44		34		797		88
Mortgage banking income	262		215		2		—		1		44
Gains on sales of debt securities	252		—		—		1		—		251
Other income (loss)	471		142		233		452		54		(410		)
Total noninterest income	9,896		2,782		3,032		2,105		1,985		(8		)
Total revenue, net of interest expense (FTE basis)	19,807		8,011		4,478		4,561		3,117		(360		)
Provision for credit losses	810		684		15		232		30		(151		)
Noninterest expense	14,010		4,636		3,498		2,085		2,767		1,024
Income (loss) before income taxes (FTE basis)	4,987		2,691		965		2,244		320		(1,233		)
Income tax expense (benefit) (FTE basis)	1,703		955		342		828		149		(571		)
Net income (loss)	$	3,284	$	1,736	$	623	$	1,416	$	171	$	(662	)
Average
Total loans and leases	$	886,156	$	235,498	$	137,022	$	318,699	$	68,835	$	126,102
Total assets (1)	2,180,507		630,973		285,329		381,887		586,606		295,712
Total deposits	1,186,051		563,745		251,306		307,806		37,175		26,019
Period end
Total loans and leases	$	896,983	$	238,851	$	139,039	$	323,687	$	73,208	$	122,198
Total assets (1)	2,144,287		645,427		296,271		386,132		548,790		267,667
Total deposits	1,197,259		577,832		260,893		296,162		37,038		25,334

⁽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
Annual Results by Business Segment and All Other
(Dollars in millions)
	Year Ended December 31, 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	41,996	$	21,290	$	5,759	$	9,942	$	4,558		$	447
Card income	5,851		4,935		150		503		74			189
Service charges	7,638		4,142		74		3,094		312			16
Investment and brokerage services	12,745		270		10,316		74		2,102			(17		)
Investment banking income (loss)	5,241		2		227		2,884		2,296			(168		)
Trading account profits	6,902		—		175		119		6,550			58
Mortgage banking income	1,853		960		3		—		1			889
Gains on sales of debt securities	490		—		—		—		—			490
Other income (loss)	1,885		132		946		1,814		197			(1,204		)
Total noninterest income	42,605		10,441		11,891		8,488		11,532			253
Total revenue, net of interest expense (FTE basis)	84,601		31,731		17,650		18,430		16,090			700
Provision for credit losses	3,597		2,715		68		883		31			(100		)
Noninterest expense	54,951		17,653		13,182		8,486		10,170			5,460
Income (loss) before income taxes (FTE basis)	26,053		11,363		4,400		9,061		5,889			(4,660		)
Income tax expense (benefit) (FTE basis)	8,147		4,190		1,629		3,341		2,072			(3,085		)
Net income (loss)	$	17,906	$	7,173	$	2,771	$	5,720	$	3,817		$	(1,575	)
Average
Total loans and leases	$	900,433	$	245,808	$	142,429	$	333,820	$	69,641		$	108,735
Total assets (1)	2,189,971		668,381		291,479		396,705		585,342			248,064
Total deposits	1,222,561		599,654		256,425		304,101		34,250			28,131
Period end
Total loans and leases (2)	$	915,897	$	258,991	$	148,179	$	339,271	$	72,743		$	96,713
Total assets (1)	2,187,702		702,339		298,932		408,268		566,060			212,103
Total deposits	1,260,934		632,790		262,530		306,430		34,927			24,257
	Year Ended December 31, 2015
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	39,847	$	20,428	$	5,527	$	9,244	$	4,191		$	457
Card income	5,959		4,937		181		499		82			260
Service charges	7,381		4,101		73		2,914		275			18
Investment and brokerage services	13,337		268		10,792		64		2,221			(8		)
Investment banking income (loss)	5,572		—		261		3,110		2,401			(200		)
Trading account profits (losses)	6,473		—		195		216		6,109			(47		)
Mortgage banking income	2,364		1,332		9		—		1			1,022
Gains on sales of debt securities	1,138		1		—		1		10			1,126
Other income (loss)	1,783		458		996		1,573		(277		)	(967		)
Total noninterest income	44,007		11,097		12,507		8,377		10,822			1,204
Total revenue, net of interest expense (FTE basis)	83,854		31,525		18,034		17,621		15,013			1,661
Provision for credit losses	3,161		2,346		51		686		99			(21		)
Noninterest expense	57,734		18,716		13,943		8,481		11,374			5,220
Income (loss) before income taxes (FTE basis)	22,959		10,463		4,040		8,454		3,540			(3,538		)
Income tax expense (benefit) (FTE basis)	7,123		3,814		1,473		3,114		1,117			(2,395		)
Net income (loss)	$	15,836	$	6,649	$	2,567	$	5,340	$	2,423		$	(1,143	)
Average
Total loans and leases	$	876,787	$	232,432	$	132,499	$	303,907	$	63,443		$	144,506
Total assets (1)	2,160,197		620,192		275,950		369,001		594,057			300,997
Total deposits	1,155,860		552,876		244,725		294,733		38,074			25,452
Period end
Total loans and leases	$	896,983	$	238,851	$	139,039	$	323,687	$	73,208		$	122,198
Total assets (1)	2,144,287		645,427		296,271		386,132		548,790			267,667
Total deposits	1,197,259		577,832		260,893		296,162		37,038			25,334

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

⁽²⁾  Includes $9.2 billion of non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet.

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

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

Bank of America Corporation and Subsidiaries
Consumer Banking Segment Results
(Dollars in millions)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	21,290		$	20,428		$	5,466		$	5,289		$	5,207		$	5,328		$	5,229
Noninterest income:
Card income	4,935			4,937			1,290			1,218			1,216			1,211			1,313
Service charges	4,142			4,101			1,062			1,072			1,011			997			1,045
Mortgage banking income	960			1,332			206			297			267			190			215
All other income	404			727			87			92			94			131			209
Total noninterest income	10,441			11,097			2,645			2,679			2,588			2,529			2,782
Total revenue, net of interest expense (FTE basis)	31,731			31,525			8,111			7,968			7,795			7,857			8,011
Provision for credit losses	2,715			2,346			760			698			726			531			684
Noninterest expense	17,653			18,716			4,328			4,371			4,415			4,539			4,636
Income before income taxes (FTE basis)	11,363			10,463			3,023			2,899			2,654			2,787			2,691
Income tax expense (FTE basis)	4,190			3,814			1,102			1,086			978			1,024			955
Net income	$	7,173		$	6,649		$	1,921		$	1,813		$	1,676		$	1,763		$	1,736
Net interest yield (FTE basis)	3.38		%	3.52		%	3.35		%	3.30		%	3.34		%	3.53		%	3.51		%
Return on average allocated capital (1)	21			20			22			21			20			21			21
Efficiency ratio (FTE basis)	55.63			59.37			53.36			54.86			56.63			57.77			57.88
Balance Sheet
Average
Total loans and leases	$	245,808		$	232,432		$	253,602		$	248,683		$	242,921		$	237,908		$	235,498
Total earning assets (2)	629,990			580,095			648,305			636,838			627,231			607,308			591,330
Total assets (2)	668,381			620,192			686,991			674,636			665,102			646,523			630,973
Total deposits	599,654			552,876			617,970			605,708			596,474			578,196			563,745
Allocated capital (1)	34,000			33,000			34,000			34,000			34,000			34,000			33,000
Period end
Total loans and leases	$	258,991		$	238,851		$	258,991		$	251,125		$	247,122		$	240,591		$	238,851
Total earning assets (2)	662,704			605,012			662,704			648,978			630,454			626,941			605,012
Total assets (2)	702,339			645,427			702,339			687,247			668,470			666,298			645,427
Total deposits	632,790			577,832			632,790			618,030			599,457			597,800			577,832

⁽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 Annual Results
(Dollars in millions)
	Year Ended December 31, 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	21,290		$	10,701		$	10,589
Noninterest income:
Card income	4,935			9			4,926
Service charges	4,142			4,141			1
Mortgage banking income	960			—			960
All other income	404			403			1
Total noninterest income	10,441			4,553			5,888
Total revenue, net of interest expense (FTE basis)	31,731			15,254			16,477
Provision for credit losses	2,715			174			2,541
Noninterest expense	17,653			9,678			7,975
Income before income taxes (FTE basis)	11,363			5,402			5,961
Income tax expense (FTE basis)	4,190			1,992			2,198
Net income	$	7,173		$	3,410		$	3,763
Net interest yield (FTE basis)	3.38		%	1.79		%	4.37		%
Return on average allocated capital (1)	21			28			17
Efficiency ratio (FTE basis)	55.63			63.44			48.41
Balance Sheet
Average
Total loans and leases	$	245,808		$	4,809		$	240,999
Total earning assets (2)	629,990			598,043			242,445
Total assets (2)	668,381			624,592			254,287
Total deposits	599,654			592,417			7,237
Allocated capital (1)	34,000			12,000			22,000
Period end
Total loans and leases	$	258,991		$	4,938		$	254,053
Total earning assets (2)	662,704			631,172			255,511
Total assets (2)	702,339			658,316			268,002
Total deposits	632,790			625,727			7,063
	Year Ended December 31, 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	20,428		$	9,635		$	10,793
Noninterest income:
Card income	4,937			11			4,926
Service charges	4,101			4,100			1
Mortgage banking income	1,332			—			1,332
All other income	727			483			244
Total noninterest income	11,097			4,594			6,503
Total revenue, net of interest expense (FTE basis)	31,525			14,229			17,296
Provision for credit losses	2,346			200			2,146
Noninterest expense	18,716			9,856			8,860
Income before income taxes (FTE basis)	10,463			4,173			6,290
Income tax expense (FTE basis)	3,814			1,521			2,293
Net income	$	6,649		$	2,652		$	3,997
Net interest yield (FTE basis)	3.52		%	1.75		%	4.70		%
Return on average allocated capital (1)	20			22			19
Efficiency ratio (FTE basis)	59.37			69.27			51.23
Balance Sheet
Average
Total loans and leases	$	232,432		$	4,713		$	227,719
Total earning assets (2)	580,095			549,600			229,579
Total assets (2)	620,192			576,569			242,707
Total deposits	552,876			544,685			8,191
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	238,851		$	4,735		$	234,116
Total earning assets (2)	605,012			576,108			235,496
Total assets (2)	645,427			603,448			248,571
Total deposits	577,832			571,467			6,365

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)
	Fourth Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,466		$	2,762		$	2,704
Noninterest income:
Card income	1,290			2			1,288
Service charges	1,062			1,061			1
Mortgage banking income	206			—			206
All other income (loss)	87			91			(4		)
Total noninterest income	2,645			1,154			1,491
Total revenue, net of interest expense (FTE basis)	8,111			3,916			4,195
Provision for credit losses	760			42			718
Noninterest expense	4,328			2,449			1,879
Income before income taxes (FTE basis)	3,023			1,425			1,598
Income tax expense (FTE basis)	1,102			520			582
Net income	$	1,921		$	905		$	1,016
Net interest yield (FTE basis)	3.35		%	1.78		%	4.30		%
Return on average allocated capital (1)	22			30			18
Efficiency ratio (FTE basis)	53.36			62.56			44.78
Balance Sheet
Average
Total loans and leases	$	253,602		$	4,874		$	248,728
Total earning assets (2)	648,305			616,297			250,115
Total assets (2)	686,991			642,837			262,261
Total deposits	617,970			610,533			7,437
Allocated capital (1)	34,000			12,000			22,000
Period end
Total loans and leases	$	258,991		$	4,938		$	254,053
Total earning assets (2)	662,704			631,172			255,511
Total assets (2)	702,339			658,316			268,002
Total deposits	632,790			625,727			7,063
	Third Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,289		$	2,629		$	2,660
Noninterest income:
Card income	1,218			2			1,216
Service charges	1,072			1,072			—
Mortgage banking income	297			—			297
All other income (loss)	92			98			(6		)
Total noninterest income	2,679			1,172			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			2,396			1,975
Income before income taxes (FTE basis)	2,899			1,362			1,537
Income tax expense (FTE basis)	1,086			510			576
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

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)
	Fourth Quarter 2015
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,229		$	2,551		$	2,678
Noninterest income:
Card income	1,313			2			1,311
Service charges	1,045			1,045			—
Mortgage banking income	215			—			215
All other income	209			129			80
Total noninterest income	2,782			1,176			1,606
Total revenue, net of interest expense (FTE basis)	8,011			3,727			4,284
Provision for credit losses	684			55			629
Noninterest expense	4,636			2,502			2,134
Income before income taxes (FTE basis)	2,691			1,170			1,521
Income tax expense (FTE basis)	955			417			538
Net income	$	1,736		$	753		$	983
Net interest yield (FTE basis)	3.51		%	1.80		%	4.57		%
Return on average allocated capital (1)	21			25			19
Efficiency ratio (FTE basis)	57.88			67.13			49.83
Balance Sheet
Average
Total loans and leases	$	235,498		$	4,652		$	230,846
Total earning assets (2)	591,330			561,149			232,245
Total assets (2)	630,973			587,982			245,055
Total deposits	563,745			556,064			7,681
Allocated capital (1)	33,000			12,000			21,000
Period end
Total loans and leases	$	238,851		$	4,735		$	234,116
Total earning assets (2)	605,012			576,108			235,496
Total assets (2)	645,427			603,448			248,571
Total deposits	577,832			571,467			6,365

⁽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)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Average deposit balances
Checking	$	295,372		$	266,639		$	306,602		$	299,149		$	293,427		$	282,146		$	273,900
Savings	47,882			44,878			48,549			48,273			48,472			46,221			44,518
MMS	209,638			188,536			217,394			212,096			207,333			201,616			195,756
CDs and IRAs	43,955			50,085			42,592			43,420			44,378			45,451			46,791
Non-U.S. and other	2,807			2,738			2,833			2,770			2,864			2,762			2,780
Total average deposit balances	$	599,654		$	552,876		$	617,970		$	605,708		$	596,474		$	578,196		$	563,745
Deposit spreads (excludes noninterest costs)
Checking	1.95		%	1.99		%	1.92		%	1.94		%	1.97		%	1.98		%	1.98		%
Savings	2.25			2.30			2.21			2.24			2.26			2.28			2.29
MMS	1.24			1.23			1.22			1.23			1.24			1.24			1.24
CDs and IRAs	0.98			0.60			1.17			1.03			0.92			0.81			0.69
Non-U.S. and other	0.83			0.47			1.00			0.87			0.80			0.67			0.54
Total deposit spreads	1.65			1.62			1.64			1.64			1.66			1.65			1.63
Client brokerage assets	$	144,696		$	122,721		$	144,696		$	137,985		$	131,698		$	126,921		$	122,721
Online banking active accounts (units in thousands)	33,811			31,674			33,811			33,722			33,022			32,647			31,674
Mobile banking active users (units in thousands)	21,648			18,705			21,648			21,305			20,227			19,595			18,705
Financial centers	4,579			4,726			4,579			4,629			4,681			4,689			4,726
ATMs	15,928			16,038			15,928			15,959			15,998			16,003			16,038
Total U.S. credit card(1)
Loans
Average credit card outstandings	$	87,905		$	88,244		$	89,521		$	88,210		$	86,705		$	87,163		$	88,623
Ending credit card outstandings	92,278			89,602			92,278			88,789			88,103			86,403			89,602
Credit quality
Net charge-offs	$	2,269		$	2,314		$	566		$	543		$	573		$	587		$	563
	2.58		%	2.62		%	2.52		%	2.45		%	2.66		%	2.71		%	2.52		%
30+ delinquency	$	1,595		$	1,575		$	1,595		$	1,459		$	1,388		$	1,448		$	1,575
	1.73		%	1.76		%	1.73		%	1.64		%	1.58		%	1.68		%	1.76		%
90+ delinquency	$	782		$	789		$	782		$	702		$	693		$	743		$	789
	0.85		%	0.88		%	0.85		%	0.79		%	0.79		%	0.86		%	0.88		%
Other Total U.S. credit card indicators (1)
Gross interest yield	9.29		%	9.16		%	9.35		%	9.30		%	9.20		%	9.32		%	9.15		%
Risk adjusted margin	9.04			9.31			9.20			9.11			8.79			9.05			9.79
New accounts (in thousands)	4,979			4,973			1,134			1,324			1,313			1,208			1,260
Purchase volumes	$	226,432		$	221,378		$	61,020		$	57,591		$	56,667		$	51,154		$	58,752
Debit card data
Purchase volumes	$	285,612		$	277,695		$	73,296		$	71,049		$	72,120		$	69,147		$	70,755

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)
	Year Ended December 31								Fourth Quarter 2016				Third Quarter 2016				Second Quarter 2016				First Quarter 2016				Fourth Quarter 2015
	2016				2015
Loan production (2):
Total (3):
First mortgage	$	64,153			$	56,930			$	18,351			$	16,865			$	16,314			$	12,623			$	13,543
Home equity	15,214				13,060				3,565				3,541				4,303				3,805				3,494
Consumer Banking:
First mortgage	$	44,510			$	40,878			$	12,303			$	11,588			$	11,541			$	9,078			$	9,733
Home equity	13,675				11,988				3,140				3,139				3,881				3,515				3,192
Mortgage servicing rights at fair value rollforward:
Balance, beginning of period	$	2,680			$	3,271			$	2,012			$	1,789			$	2,152			$	2,680			$	2,699
Net additions	87				33				(40		)		45				25				57				49
Amortization of expected cash flows (4)	(649		)		(738		)		(156		)		(157		)		(165		)		(171		)		(174		)
Other changes in mortgage servicing rights fair value (5)	161				114				463				335				(223		)		(414		)		106
Balance, end of period (6)	$	2,279			$	2,680			$	2,279			$	2,012			$	1,789			$	2,152			$	2,680
Capitalized mortgage servicing rights (% of loans serviced for investors)	74			bps	71			bps	74			bps	60			bps	51			bps	58			bps	71			bps
Mortgage loans serviced for investors (in billions)	$	307			$	378			$	307			$	336			$	353			$	368			$	378
Mortgage banking income
Consumer Banking mortgage banking income
Total production income	$	663			$	950			$	131			$	212			$	182			$	138			$	150
Net servicing income
Servicing fees	708				855				166				179				179				184				201
Amortization of expected cash flows (4)	(577		)		(661		)		(138		)		(139		)		(146		)		(154		)		(155		)
Fair value changes of MSRs, net of risk management activities used to hedge certain market risks (7)	166				188				47				45				52				22				20
Total net servicing income	297				382				75				85				85				52				66
Total Consumer Banking mortgage banking income	960				1,332				206				297				267				190				216
Other mortgage banking income  (8)
Other production income (9)	89				107				(23		)		4				14				94				48
Representations and warranties provision	(122		)		28				46				(102		)		(22		)		(44		)		(9		)
Net servicing income
Servicing fees	450				538				107				106				119				118				123
Amortization of expected cash flows (4)	(74		)		(77		)		(19		)		(18		)		(19		)		(18		)		(19		)
Fair value changes of MSRs, net of risk management activities used to hedge certain market risks (7)	506				328				28				363				10				105				(31		)
Total net servicing income	882				789				116				451				110				205				73
Eliminations (10)	44				108				174				(61		)		(57		)		(12		)		(66		)
Total other mortgage banking income	893				1,032				313				292				45				243				46
Total consolidated mortgage banking income	$	1,853			$	2,364			$	519			$	589			$	312			$	433			$	262

⁽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 MSR asset due to the recognition of modeled cash flows.

⁽⁵⁾  These amounts reflect the changes in modeled MSR 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 changes in fair value of MSRs due to changes in input and assumptions, net of risk management activities, and gains (losses) on sales of MSRs.

⁽⁸⁾  Amounts for other mortgage banking income are 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 MSR risk management.

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. 23

Bank of America Corporation and Subsidiaries
Global Wealth & Investment Management Segment Results
(Dollars in millions)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	5,759		$	5,527		$	1,449		$	1,394		$	1,403		$	1,513		$	1,446
Noninterest income:
Investment and brokerage services	10,316			10,792			2,597			2,585			2,598			2,536			2,639
All other income	1,575			1,715			331			400			424			420			393
Total noninterest income	11,891			12,507			2,928			2,985			3,022			2,956			3,032
Total revenue, net of interest expense (FTE basis)	17,650			18,034			4,377			4,379			4,425			4,469			4,478
Provision for credit losses	68			51			22			7			14			25			15
Noninterest expense	13,182			13,943			3,360			3,256			3,289			3,277			3,498
Income before income taxes (FTE basis)	4,400			4,040			995			1,116			1,122			1,167			965
Income tax expense (FTE basis)	1,629			1,473			361			419			420			429			342
Net income	$	2,771		$	2,567		$	634		$	697		$	702		$	738		$	623
Net interest yield (FTE basis)	2.09		%	2.13		%	2.09		%	2.03		%	2.06		%	2.18		%	2.13		%
Return on average allocated capital (1)	21			21			19			21			22			23			21
Efficiency ratio (FTE basis)	74.68			77.32			76.74			74.36			74.32			73.33			78.13
Balance Sheet
Average
Total loans and leases	$	142,429		$	132,499		$	146,180		$	143,207		$	141,181		$	139,099		$	137,022
Total earning assets (2)	275,800			259,020			276,173			273,568			273,874			279,606			269,250
Total assets (2)	291,479			275,950			291,762			288,821			289,646			295,711			285,329
Total deposits	256,425			244,725			256,629			253,812			254,804			260,482			251,306
Allocated capital (1)	13,000			12,000			13,000			13,000			13,000			13,000			12,000
Period end
Total loans and leases	$	148,179		$	139,039		$	148,179		$	144,980		$	142,633		$	139,690		$	139,039
Total earning assets (2)	283,152			279,597			283,152			274,289			270,974			280,118			279,597
Total assets (2)	298,932			296,271			298,932			289,795			286,846			296,200			296,271
Total deposits	262,530			260,893			262,530			252,962			250,976			260,565			260,893

⁽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)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016		Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Revenue by Business
Merrill Lynch Global Wealth Management	$	14,486		$	14,926		$	3,600		$	3,617	$	3,602		$	3,667		$	3,692
U.S. Trust	3,075			3,032			775			761		762			777			763
Other (1)	89			76			2			1		61			25			23
Total revenue, net of interest expense (FTE basis)	$	17,650		$	18,034		$	4,377		$	4,379	$	4,425		$	4,469		$	4,478
Client Balances by Business, at period end
Merrill Lynch Global Wealth Management	$	2,102,176		$	1,986,502		$	2,102,176		$	2,089,683	$	2,026,392		$	1,998,145		$	1,986,502
U.S. Trust	406,386			388,604			406,386			400,538		393,089			390,262			388,604
Other (1)	—			82,929			—			—		—			77,751			82,929
Total client balances	$	2,508,562		$	2,458,035		$	2,508,562		$	2,490,221	$	2,419,481		$	2,466,158		$	2,458,035
Client Balances by Type, at period end
Long-term assets under management (2)	$	886,148		$	817,938		$	886,148		$	871,026	$	832,394		$	812,916		$	817,938
Liquidity assets under management (1, 3)	—			82,925			—			—		—			77,747			82,925
Assets under management	886,148			900,863			886,148			871,026		832,394			890,663			900,863
Brokerage assets	1,085,826			1,040,938			1,085,826			1,095,635		1,070,014			1,056,752			1,040,938
Assets in custody	123,066			113,239			123,066			122,804		120,505			115,537			113,239
Deposits	262,530			260,893			262,530			252,962		250,976			260,565			260,893
Loans and leases (4)	150,992			142,102			150,992			147,794		145,592			142,641			142,102
Total client balances	$	2,508,562		$	2,458,035		$	2,508,562		$	2,490,221	$	2,419,481		$	2,466,158		$	2,458,035
Assets Under Management Rollforward
Assets under management, beginning balance	$	900,863		$	902,872		$	871,026		$	832,394	$	890,663		$	900,863		$	876,993
Net long-term client flows	38,572			34,441			18,934			10,182		10,055			(599		)	6,746
Net liquidity client flows	(7,990		)	6,133			—			—		(4,170		)	(3,820		)	4,813
Market valuation/other (1)	(45,297		)	(42,583		)	(3,812		)	28,450		(64,154		)	(5,781		)	12,311
Total assets under management, ending balance	$	886,148		$	900,863		$	886,148		$	871,026	$	832,394		$	890,663		$	900,863
Associates, at period end(5, 6)
Number of financial advisors	16,830			16,687			16,830			16,731		16,665			16,671			16,687
Total wealth advisors, including financial advisors	18,688			18,515			18,688			18,585		18,503			18,486			18,515
Total primary sales professionals, including financial advisors and wealth advisors	19,676			19,462			19,676			19,477		19,378			19,410			19,462
Merrill Lynch Global Wealth Management Metric(6)
Financial advisor productivity (7) (in thousands)	$	979		$	1,024		$	964		$	983	$	984		$	984		$	996
U.S. Trust Metric, at period end (6)
Primary sales professionals	1,678			1,595			1,678			1,657		1,642			1,595			1,595

⁽¹⁾  Includes the results of BofA Global Capital Management, the cash management division of Bank of America, and certain administrative items. Also includes the transfer to a third party of approximately $80 billion of BofA Global Capital Management's AUM 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 segmentof 2,201, 2,179, 2,248, 2,259 and 2,187 at December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 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)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	9,942		$	9,244		$	2,502		$	2,470		$	2,425		$	2,545		$	2,456
Noninterest income:
Service charges	3,094			2,914			810			780			759			745			730
Investment banking fees	2,884			3,110			653			796			799			636			729
All other income	2,510			2,353			569			702			711			528			646
Total noninterest income	8,488			8,377			2,032			2,278			2,269			1,909			2,105
Total revenue, net of interest expense (FTE basis)	18,430			17,621			4,534			4,748			4,694			4,454			4,561
Provision for credit losses	883			686			13			118			199			553			232
Noninterest expense	8,486			8,481			2,037			2,151			2,126			2,172			2,085
Income before income taxes (FTE basis)	9,061			8,454			2,484			2,479			2,369			1,729			2,244
Income tax expense (FTE basis)	3,341			3,114			906			926			873			636			828
Net income	$	5,720		$	5,340		$	1,578		$	1,553		$	1,496		$	1,093		$	1,416
Net interest yield (FTE basis)	2.86		%	2.90		%	2.81		%	2.83		%	2.81		%	3.00		%	2.93		%
Return on average allocated capital (1)	15			15			17			17			16			12			16
Efficiency ratio (FTE basis)	46.04			48.13			44.91			45.30			45.29			48.77			45.72
Balance Sheet
Average
Total loans and leases	$	333,820		$	303,907		$	337,827		$	334,363		$	334,396		$	328,643		$	318,699
Total earning assets (2)	347,489			318,977			353,693			347,462			347,347			341,386			332,022
Total assets (2)	396,705			369,001			403,564			395,423			395,997			391,774			381,887
Total deposits	304,101			294,733			314,133			306,198			298,805			297,134			307,806
Allocated capital (1)	37,000			35,000			37,000			37,000			37,000			37,000			35,000
Period end
Total loans and leases	$	339,271		$	323,687		$	339,271		$	334,120		$	334,838		$	333,604		$	323,687
Total earning assets (2)	356,241			334,766			356,241			349,993			348,935			345,355			334,766
Total assets (2)	408,268			386,132			408,268			397,795			397,566			394,736			386,132
Total deposits	306,430			296,162			306,430			301,061			304,577			298,072			296,162

⁽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)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Investment Banking fees (1)
Advisory (2)	$	1,156		$	1,354		$	243		$	295		$	313		$	305		$	355
Debt issuance	1,407			1,296			347			405			390			265			265
Equity issuance	321			460			63			96			96			66			109
Total Investment Banking fees (3)	$	2,884		$	3,110		$	653		$	796		$	799		$	636		$	729
Business Lending
Corporate	$	4,285		$	3,981		$	1,016		$	1,113		$	1,102		$	1,054		$	1,056
Commercial	4,140			3,968			1,011			1,069			1,051			1,009			1,077
Business Banking	376			352			96			91			92			97			83
Total Business Lending revenue	$	8,801		$	8,301		$	2,123		$	2,273		$	2,245		$	2,160		$	2,216
Global Transaction Services
Corporate	$	2,982		$	2,793		$	811		$	741		$	715		$	715		$	730
Commercial	2,718			2,649			682			671			663			702			694
Business Banking	739			703			190			182			180			187			188
Total Global Transaction Services revenue	$	6,439		$	6,145		$	1,683		$	1,594		$	1,558		$	1,604		$	1,612
Average deposit balances
Interest-bearing	$	70,271		$	65,667		$	73,108		$	72,442		$	69,761		$	65,719		$	66,227
Noninterest-bearing	233,830			229,066			241,025			233,756			229,044			231,415			241,579
Total average deposits	$	304,101		$	294,733		$	314,133		$	306,198		$	298,805		$	297,134		$	307,806
Loan spread	1.62		%	1.65		%	1.57		%	1.63		%	1.62		%	1.67		%	1.62		%
Provision for credit losses	$	883		$	686		$	13		$	118		$	199		$	553		$	232
Credit quality (4, 5)
Reservable utilized criticized exposure	$	14,841		$	14,397		$	14,841		$	15,460		$	16,544		$	16,923		$	14,397
	4.08		%	4.13		%	4.08		%	4.31		%	4.59		%	4.73		%	4.13		%
Nonperforming loans, leases and foreclosed properties	$	1,528		$	935		$	1,528		$	1,800		$	1,450		$	1,316		$	935
	0.45		%	0.29		%	0.45		%	0.54		%	0.43		%	0.40		%	0.29		%
Average loans and leases by product
U.S. commercial	$	190,418		$	169,521		$	194,692		$	190,032		$	190,273		$	186,634		$	179,224
Commercial real estate	48,870			45,435			48,741			48,714			49,120			48,908			48,521
Commercial lease financing	22,176			20,817			22,505			22,231			21,891			22,074			21,467
Non-U.S. commercial	72,349			68,119			71,887			73,384			73,105			71,015			69,472
Other	7			15			2			2			7			12			15
Total average loans and leases	$	333,820		$	303,907		$	337,827		$	334,363		$	334,396		$	328,643		$	318,699
Total Corporation Investment Banking fees
Advisory (2)	$	1,269		$	1,503		$	262		$	328		$	333		$	346		$	408
Debt issuance	3,276			3,033			810			908			889			669			617
Equity issuance	864			1,236			183			261			232			188			286
Total investment banking fees including self-led deals	5,409			5,772			1,255			1,497			1,454			1,203			1,311
Self-led deals	(168		)	(200		)	(33		)	(39		)	(46		)	(50		)	(39		)
Total Investment Banking fees	$	5,241		$	5,572		$	1,222		$	1,458		$	1,408		$	1,153		$	1,272

⁽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
	Year Ended December 31, 2016
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
Net investment banking revenue	3	6.0	%	3	8.8	%
Announced mergers and acquisitions	4	19.1		4	26.1
Equity capital markets	5	4.7		3	9.7
Debt capital markets	3	5.8		2	9.7
High-yield corporate debt	2	8.3		2	9.4
Leveraged loans	1	8.8		1	11.2
Mortgage-backed securities	2	10.3		4	11.8
Asset-backed securities	3	8.1		3	12.3
Convertible debt	5	5.6		4	8.3
Common stock underwriting	5	4.6		3	9.9
Investment-grade corporate debt	2	5.7		2	11.1
Syndicated loans	2	9.4		2	12.7

Source: Dealogic data as of January 1, 2017. Figures above include self-led transactions.

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

• Debt capital markets excludes loans but includes agencies.

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

• Mergers and acquisitions volume rankings are for announced transactions and provide credit to all investment banks advising 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
Asset-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)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	4,558		$	4,191		$	1,167		$	1,119		$	1,088		$	1,184		$	1,132
Noninterest income:
Investment and brokerage services	2,102			2,221			519			490			525			568			518
Investment banking fees	2,296			2,401			554			645			603			494			532
Trading account profits	6,550			6,109			1,149			1,934			1,872			1,595			797
All other income (loss)	584			91			83			170			221			110			138
Total noninterest income	11,532			10,822			2,305			3,239			3,221			2,767			1,985
Total revenue, net of interest expense (FTE basis) (1)	16,090			15,013			3,472			4,358			4,309			3,951			3,117
Provision for credit losses	31			99			8			19			(5		)	9			30
Noninterest expense	10,170			11,374			2,480			2,656			2,583			2,451			2,767
Income before income taxes (FTE basis)	5,889			3,540			984			1,683			1,731			1,491			320
Income tax expense (FTE basis)	2,072			1,117			326			609			618			519			149
Net income	$	3,817		$	2,423		$	658		$	1,074		$	1,113		$	972		$	171
Return on average allocated capital (2)	10		%	7		%	7		%	12		%	12		%	11		%	2		%
Efficiency ratio (FTE basis)	63.21			75.75			71.45			60.94			59.95			62.02			88.76		%
Balance Sheet
Average
Total trading-related assets (3)	$	412,905		$	433,169		$	417,184		$	415,417		$	411,285		$	407,661		$	415,856
Total loans and leases	69,641			63,443			70,615			69,043			69,620			69,283			68,835
Total earning assets (3)	423,579			430,468			430,601			422,636			422,815			418,198			419,977
Total assets	585,342			594,057			595,276			584,069			580,701			581,226			586,606
Total deposits	34,250			38,074			33,775			32,840			34,518			35,886			37,175
Allocated capital (2)	37,000			35,000			37,000			37,000			37,000			37,000			35,000
Period end
Total trading-related assets (3)	$	380,562		$	373,926		$	380,562		$	417,517		$	405,037		$	408,223		$	373,926
Total loans and leases	72,743			73,208			72,743			72,144			70,766			73,446			73,208
Total earning assets (3)	397,023			384,046			397,023			435,112			416,325			422,268			384,046
Total assets	566,060			548,790			566,060			595,165			577,428			581,150			548,790
Total deposits	34,927			37,038			34,927			31,692			33,506			34,403			37,038
Trading-related assets (average)
Trading account securities	$	185,135		$	195,650		$	188,729		$	185,785		$	178,047		$	187,931		$	195,275
Reverse repurchases	89,715			103,506			91,198			89,435			92,805			85,411			86,553
Securities borrowed	87,286			79,494			90,643			87,872			89,779			80,807			82,385
Derivative assets	50,769			54,519			46,614			52,325			50,654			53,512			51,643
Total trading-related assets (3)	$	412,905		$	433,169		$	417,184		$	415,417		$	411,285		$	407,661		$	415,856

⁽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)
	Year Ended December 31				Fourth Quarter 2016		Third Quarter 2016		Second Quarter 2016		First Quarter 2016		Fourth Quarter 2015
	2016		2015
Sales and trading revenue (1)
Fixed income, currency and commodities	$	9,373	$	7,869	$	1,866	$	2,646	$	2,456	$	2,405	$	1,561
Equities	4,017		4,335		945		954		1,081		1,037		874
Total sales and trading revenue	$	13,390	$	12,204	$	2,811	$	3,600	$	3,537	$	3,442	$	2,435
Sales and trading revenue, excluding debit valuation adjustment (2)
Fixed income, currency and commodities	$	9,611	$	8,632	$	1,964	$	2,767	$	2,615	$	2,265	$	1,751
Equities	4,017		4,358		948		960		1,086		1,023		882
Total sales and trading revenue, excluding debit valuation adjustment	$	13,628	$	12,990	$	2,912	$	3,727	$	3,701	$	3,288	$	2,633
Sales and trading revenue breakdown
Net interest income	$	4,155	$	3,816	$	1,061	$	1,024	$	991	$	1,079	$	1,030
Commissions	2,071		2,196		510		485		517		559		510
Trading	6,547		6,106		1,147		1,934		1,871		1,595		796
Other	617		86		93		157		158		209		99
Total sales and trading revenue	$	13,390	$	12,204	$	2,811	$	3,600	$	3,537	$	3,442	$	2,435

⁽¹⁾  Includes Global Banking sales and trading revenue of $406 million and $424 million for the years ended December 31, 2016 and 2015; $69 million, $57 million, $120 million and $160 million for the fourth, third, second and first quarters of 2016, respectively, and $127 million for the fourth quarter of 2015.

⁽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)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Net interest income (FTE basis)	$	447		$	457		$	(58	)	$	157		$	218		$	130		$	(352	)
Noninterest income:
Card income	189			260			45			46			54			44			61
Mortgage banking income	889			1,022			311			292			44			242			44
Gains (loss) on sales of debt securities	490			1,126			—			51			249			190			251
All other loss	(1,315		)	(1,204		)	(568		)	(136		)	(279		)	(332		)	(364		)
Total noninterest income	253			1,204			(212		)	253			68			144			(8		)
Total revenue, net of interest expense (FTE basis)	700			1,661			(270		)	410			286			274			(360		)
Provision for credit losses	(100		)	(21		)	(29		)	8			42			(121		)	(151		)
Noninterest expense	5,460			5,220			956			1,047			1,080			2,377			1,024
Loss before income taxes (FTE basis)	(4,660		)	(3,538		)	(1,197		)	(645		)	(836		)	(1,982		)	(1,233		)
Income tax benefit (FTE basis)	(3,085		)	(2,395		)	(1,102		)	(463		)	(632		)	(888		)	(571		)
Net income (loss)	$	(1,575	)	$	(1,143	)	$	(95	)	$	(182	)	$	(204	)	$	(1,094	)	$	(662	)
Balance Sheet
Average
Total loans and leases	$	108,735		$	144,506		$	100,172		$	105,298		$	111,552		$	118,051		$	126,102
Total assets (2)	248,064			300,997			230,446			246,541			256,795			258,688			295,712
Total deposits	28,131			25,452			28,441			28,628			28,690			26,757			26,019
Period end
Total loans and leases (3)	$	96,713		$	122,198		$	96,713		$	102,639		$	107,794		$	113,782		$	122,198
Total assets (4)	212,103			267,667			212,103			225,312			256,656			247,342			267,667
Total deposits	24,257			25,334			24,257			29,150			27,575			26,421			25,334

⁽¹⁾  All Other consists of ALM activities, equity investments, the non-U.S. consumer credit card business, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the MSR valuation model for both core and non-core MSRs, 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. On December 20, 2016, the Corporation signed an agreement to sell its non-U.S. consumer credit card business to a third party. Subject to regulatory approval, this transaction is expected to close by mid-2017.

⁽²⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $500.0 billion and $463.4 billion for the years ended December 31, 2016 and 2015; $506.5 billion, $500.4 billion, $499.5 billion, $493.5 billion and $474.1 billion for the fourth, third, second and first quarters of 2016, respectively, and the fourth quarter of 2015.

⁽³⁾  Includes $9.2 billion of non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet.

⁽⁴⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $518.7 billion, $508.5 billion, $492.3 billion, $510.0 billion and $489.0 billion at December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 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)
	December 31 2016			September 30 2016		December 31 2015
Consumer
Residential mortgage (1)	$	191,797		$	187,968	$	187,911
Home equity	66,443			68,997		75,948
U.S. credit card	92,278			88,789		89,602
Non-U.S. credit card	9,214			9,258		9,975
Direct/Indirect consumer (2)	94,089			93,294		88,795
Other consumer (3)	2,499			2,389		2,067
Total consumer loans excluding loans accounted for under the fair value option	456,320			450,695		454,298
Consumer loans accounted for under the fair value option (4)	1,051			1,768		1,871
Total consumer	457,371			452,463		456,169
Commercial
U.S. commercial (5)	283,365			280,096		265,647
Commercial real estate (6)	57,355			57,303		57,199
Commercial lease financing	22,375			21,309		21,352
Non-U.S. commercial	89,397			87,497		91,549
Total commercial loans excluding loans accounted for under the fair value option	452,492			446,205		435,747
Commercial loans accounted for under the fair value option (4)	6,034			6,340		5,067
Total commercial	458,526			452,545		440,814
Less: Loans of business held for sale (7)	(9,214		)	—		—
Total loans and leases	$	906,683		$	905,008	$	896,983

⁽¹⁾  Includes pay option loans of $1.8 billion, $1.9 billion and $2.3 billion at December 31, 2016, September 30, 2016 and December 31, 2015, respectively. The Corporation no longer originates pay option loans.

⁽²⁾  Includes auto and specialty lending loans of $48.9 billion, $47.8 billion and $42.6 billion, unsecured consumer lending loans of $585 million, $630 million and $886 million, U.S. securities-based lending loans of $40.1 billion, $40.1 billion and $39.8 billion, non-U.S. consumer loans of $3.0 billion, $3.1 billion and $3.9 billion, student loans of $497 million, $514 million and $564 million and other consumer loans of $1.1 billion, $1.1 billion and $1.0 billion at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽³⁾  Includes consumer finance loans of $465 million, $489 million and $564 million, consumer leases of $1.9 billion, $1.7 billion and $1.4 billion and consumer overdrafts of $157 million, $151 million and $146 million at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽⁴⁾  Consumer loans accounted for under the fair value option were residential mortgage loans of $710 million, $1.4 billion and $1.6 billion and home equity loans of $341 million, $340 million and $250 million at December 31, 2016, September 30, 2016 and December 31, 2015, respectively. Commercial loans accounted for under the fair value option were U.S. commercial loans of $2.9 billion, $2.6 billion and $2.3 billion and non-U.S. commercial loans of $3.1 billion, $3.7 billion and $2.8 billion at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽⁵⁾  Includes U.S. small business commercial loans, including card-related products, of $13.0 billion, $13.1 billion and $12.9 billion at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽⁶⁾  Includes U.S. commercial real estate loans of $54.3 billion, $53.9 billion and $53.6 billion and non-U.S. commercial real estate loans of $3.1 billion, $3.4 billion and $3.5 billion at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽⁷⁾  Includes non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet.

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

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

Bank of America Corporation and Subsidiaries
Quarterly Average Loans and Leases by Business Segment and All Other
(Dollars in millions)
	Fourth Quarter 2016
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	191,003	$	53,967		$	63,566	$	2	$	—	$	73,468
Home equity	68,021		45,209			4,937		—		332		17,543
U.S. credit card	89,521		86,450			3,071		—		—		—
Non-U.S. credit card	9,051		—			—		—		—		9,051
Direct/Indirect consumer	93,527		48,839			44,178		—		—		510
Other consumer	2,462		1,976			5		—		—		481
Total consumer	453,585		236,441			115,757		2		332		101,053
Commercial
U.S. commercial	283,491		17,140			27,579		194,692		43,778		302
Commercial real estate	57,540		21			2,819		48,741		5,891		68
Commercial lease financing	21,436		—			3		22,505		211		(1,283		)
Non-U.S. commercial	92,344		—			22		71,887		20,403		32
Total commercial	454,811		17,161			30,423		337,825		70,283		(881		)
Total loans and leases (1)	$	908,396	$	253,602		$	146,180	$	337,827	$	70,615	$	100,172
	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
	Fourth Quarter 2015
	Total Corporation		Consumer Banking			GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	189,650	$	39,591		$	56,640	$	5	$	—	$	93,414
Home equity	77,109		48,973			5,647		4		235		22,250
U.S. credit card	88,623		85,602			3,020		—		—		1
Non-U.S. credit card	10,155		—			—		—		—		10,155
Direct/Indirect consumer	87,858		43,129			44,147		4		—		578
Other consumer	2,039		1,452			6		2		—		579
Total consumer	455,434		218,747			109,460		15		235		126,977
Commercial
U.S. commercial	261,727		16,729			25,114		179,224		40,326		334
Commercial real estate	56,126		23			2,222		48,521		5,228		132
Commercial lease financing	20,422		—			3		21,467		297		(1,345		)
Non-U.S. commercial	92,447		(1		)	223		69,472		22,749		4
Total commercial	430,722		16,751			27,562		318,684		68,600		(875		)
Total loans and leases	$	886,156	$	235,498		$	137,022	$	318,699	$	68,835	$	126,102

⁽¹⁾  Includes $9.1 billion of non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet.

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
	December 31 2016		September 30 2016		December 31 2015		December 31 2016			September 30 2016			December 31 2015
Diversified financials	$	81,156	$	76,639	$	79,496	$	124,535		$	122,795		$	128,436
Real estate (5)	61,203		61,522		61,759		83,658			84,057			87,650
Retailing	41,630		40,633		37,675		68,507			63,782			63,975
Healthcare equipment and services	37,656		37,553		35,134		64,663			65,780			57,901
Capital goods	34,278		34,364		30,790		64,202			63,478			58,583
Government and public education	45,694		45,244		44,835		54,626			54,600			53,133
Banking	39,877		39,533		45,952		47,799			46,644			53,825
Materials	22,578		23,135		24,012		44,357			44,508			46,013
Consumer services	27,413		26,778		24,084		42,523			41,982			37,058
Energy	19,686		19,741		21,257		39,231			38,746			43,811
Food, beverage and tobacco	19,669		19,771		18,316		37,145			39,181			43,164
Commercial services and supplies	21,241		23,830		19,552		35,360			38,202			32,045
Transportation	19,805		20,428		19,369		27,483			27,760			27,371
Utilities	11,349		12,408		11,396		27,140			28,154			27,849
Media	13,419		13,171		12,833		27,116			25,587			24,194
Individuals and trusts	16,364		16,775		17,992		21,764			22,341			23,176
Software and services	7,991		8,193		6,617		19,790			18,344			18,362
Pharmaceuticals and biotechnology	5,539		6,037		6,302		18,910			25,162			16,472
Technology hardware and equipment	7,793		8,564		6,337		18,429			19,965			24,734
Telecommunication services	6,317		5,952		4,717		16,925			11,372			10,645
Insurance, including monolines	7,406		6,041		5,095		13,936			12,250			10,728
Automobiles and components	5,459		5,252		4,804		12,969			12,897			11,329
Consumer durables and apparel	6,042		5,804		6,053		11,460			10,965			11,165
Food and staples retailing	4,795		4,899		4,351		8,869			8,848			9,439
Religious and social organizations	4,423		4,662		4,526		6,252			6,429			5,929
Other	6,109		5,886		6,309		13,432			13,093			15,510
Total commercial credit exposure by industry	$	574,892	$	572,815	$	559,563	$	951,081		$	946,922		$	942,497
Net credit default protection purchased on total commitments (6)							$	(3,477	)	$	(4,586	)	$	(6,677	)

⁽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 $43.3 billion, $46.5 billion and $41.9 billion at December 31, 2016, September 30, 2016 and December 31, 2015, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $22.9 billion, $25.3 billion and $23.3 billion which consists primarily of other marketable securities at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽²⁾  Total utilized and total committed exposure includes loans of $6.0 billion, $6.3 billion and $5.1 billion and issued letters of credit with a notional amount of $284 million, $279 million and $290 million accounted for under the fair value option at December 31, 2016, September 30, 2016 and December 31, 2015, respectively. In addition, total committed exposure includes unfunded loan commitments accounted for under the fair value option with a notional amount of $6.7 billion, $7.4 billion and $10.6 billion at December 31, 2016, September 30, 2016 and December 31, 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.

⁽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 (1)
	December 31 2016		September 30 2016
Less than or equal to one year	56	%	53	%
Greater than one year and less than or equal to five years	41		44
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)
	December 31, 2016					September 30, 2016
Ratings (2, 3)	Net Notional (4)			Percent of Total		Net Notional (4)			Percent of Total
A	$	(135	)	3.9	%	$	(393	)	8.6	%
BBB	(1,884		)	54.2		(2,401		)	52.4
BB	(871		)	25.1		(1,105		)	24.1
B	(477		)	13.7		(632		)	13.8
CCC and below	(81		)	2.3		(24		)	0.5
NR (5)	(29		)	0.8		(31		)	0.6
Total net credit default protection	$	(3,477	)	100.0	%	$	(4,586	)	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 December 31 2016		Hedges and Credit Default Protection (4)			Net Country Exposure at December 31 2016 (5)		Increase (Decrease) from September 30 2016
United Kingdom	$	29,329	$	13,105	$	6,145	$	3,823	$	52,402	$	(4,669	)	$	47,733	$	(4,680	)
Germany	13,202		8,648		1,979		2,579		26,408		(4,030		)	22,378		(6,608		)
Canada	6,722		7,159		2,023		3,803		19,707		(933		)	18,774		329
Japan	12,065		652		2,448		1,597		16,762		(1,751		)	15,011		(966		)
Brazil	9,118		389		780		3,646		13,933		(267		)	13,666		(669		)
China	9,230		722		714		949		11,615		(730		)	10,885		(654		)
France	3,112		4,823		1,899		5,325		15,159		(4,465		)	10,694		(2,233		)
Switzerland	4,050		5,999		499		507		11,055		(1,409		)	9,646		2,947
India	6,671		288		353		2,086		9,398		(170		)	9,228		289
Australia	4,792		2,685		559		1,249		9,285		(362		)	8,923		495
Hong Kong	6,425		156		441		520		7,542		(63		)	7,479		(318		)
Netherlands	3,537		2,496		559		2,296		8,888		(1,490		)	7,398		(272		)
South Korea	4,175		838		864		829		6,706		(600		)	6,106		(482		)
Singapore	2,633		199		699		1,937		5,468		(50		)	5,418		481
Mexico	2,817		1,391		187		430		4,825		(341		)	4,484		(456		)
Italy	2,329		1,036		577		1,246		5,188		(1,101		)	4,087		(975		)
United Arab Emirates	2,104		139		570		27		2,840		(97		)	2,743		(299		)
Turkey	2,695		50		69		58		2,872		(182		)	2,690		(288		)
Spain	1,818		614		173		894		3,499		(953		)	2,546		(2		)
Taiwan	1,417		33		341		317		2,108		(27		)	2,081		79
Total top 20 non-U.S. countries exposure	$	128,241	$	51,422	$	21,879	$	34,118	$	235,660	$	(23,690	)	$	211,970	$	(14,282	)

⁽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 $31.5 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 $140.4 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)
	December 31 2016			September 30 2016			June 30 2016			March 31 2016			December 31 2015
Residential mortgage	$	3,056		$	3,341		$	3,592		$	3,976		$	4,803
Home equity	2,918			2,982			3,085			3,244			3,337
Direct/Indirect consumer	28			26			27			26			24
Other consumer	2			1			1			1			1
Total consumer	6,004			6,350			6,705			7,247			8,165
U.S. commercial	1,256			1,439			1,349			1,236			867
Commercial real estate	72			60			84			91			93
Commercial lease financing	36			35			13			29			12
Non-U.S. commercial	279			400			144			165			158
	1,643			1,934			1,590			1,521			1,130
U.S. small business commercial	60			65			69			82			82
Total commercial	1,703			1,999			1,659			1,603			1,212
Total nonperforming loans and leases	7,707			8,349			8,364			8,850			9,377
Foreclosed properties (1)	377			388			435			431			459
Total nonperforming loans, leases and foreclosed properties (2, 3, 4)	$	8,084		$	8,737		$	8,799		$	9,281		$	9,836
Fully-insured home loans past due 30 days or more and still accruing	$	6,397		$	6,844		$	7,478		$	8,207		$	9,855
Consumer credit card past due 30 days or more and still accruing (5)	1,725			1,584			1,517			1,590			1,721
Other loans past due 30 days or more and still accruing	4,894			3,093			2,994			3,219			3,603
Total loans past due 30 days or more and still accruing (3, 6, 7)	$	13,016		$	11,521		$	11,989		$	13,016		$	15,179
Fully-insured home loans past due 90 days or more and still accruing	$	4,793		$	5,117		$	5,659		$	6,334		$	7,150
Consumer credit card past due 90 days or more and still accruing (8)	848			767			762			820			865
Other loans past due 90 days or more and still accruing	246			166			180			193			235
Total loans past due 90 days or more and still accruing (3, 6, 7)	$	5,887		$	6,050		$	6,601		$	7,347		$	8,250
Nonperforming loans, leases and foreclosed properties/Total assets (9)	0.37		%	0.40		%	0.40		%	0.43		%	0.46		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (9)	0.89			0.97			0.98			1.04			1.10
Nonperforming loans and leases/Total loans and leases (9)	0.85			0.93			0.94			0.99			1.05
Commercial utilized reservable criticized exposure (10)	$	16,320		$	16,938		$	18,087		$	18,577		$	15,896
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure (10)	3.35		%	3.52		%	3.76		%	3.87		%	3.38		%
Total commercial utilized criticized exposure/Commercial utilized exposure (10)	3.24			3.38			3.72			3.82			3.28

⁽¹⁾  Foreclosed property balances do not include properties insured by certain government-guaranteed loans, principally FHA-insured loans, that entered foreclosure of $1.2 billion, $1.3 billion, $1.3 billion, $1.4 billion and $1.4 billion at December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 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:	December 31 2016		September 30 2016		June 30 2016		March 31 2016		December 31 2015
Nonperforming loans held-for-sale	$	264	$	274	$	223	$	265	$	227
Nonperforming loans accounted for under the fair value option	132		293		302		312		306
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	27		27		38		36		38

⁽⁵⁾  Includes $130 million of non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet.

⁽⁶⁾  Balances do not include loans held-for-sale past due 30 days or more and still accruing of $261 million, $18 million, $13 million, $3 million and $24 million at December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, respectively, and loans held-for-sale past due 90 days or more and still accruing of $182 million at December 31, 2016, and $0 for other periods presented. At December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, there were $38 million, $115 million, $117 million, $120 million and $127 million, respectively, of loans accounted for under the fair value option past due 30 days or more and still accruing interest.

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

⁽⁸⁾  Includes $66 million of non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet.

⁽⁹⁾  Total assets and total loans and leases do not include loans accounted for under the fair value option of $7.1 billion, $8.1 billion, $8.7 billion, $8.2 billion and $6.9 billion at December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, respectively.

⁽¹⁰⁾  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)
	Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	6,350		$	6,705		$	7,247		$	8,165		$	8,697
Additions to nonperforming loans and leases:
New nonperforming loans and leases	911			831			799			951			1,027
Reductions to nonperforming loans and leases:
Paydowns and payoffs	(190		)	(220		)	(252		)	(133		)	(214		)
Sales	(273		)	(237		)	(271		)	(823		)	(314		)
Returns to performing status (2)	(408		)	(383		)	(396		)	(441		)	(490		)
Charge-offs (3)	(269		)	(279		)	(334		)	(395		)	(450		)
Transfers to foreclosed properties	(62		)	(67		)	(88		)	(77		)	(91		)
Transfers to loans held-for-sale	(55		)	—			—			—			—
Total net reductions to nonperforming loans and leases	(346		)	(355		)	(542		)	(918		)	(532		)
Total nonperforming consumer loans and leases, end of period	6,004			6,350			6,705			7,247			8,165
Foreclosed properties	363			372			416			421			444
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	6,367		$	6,722		$	7,121		$	7,668		$	8,609
Nonperforming Commercial Loans and Leases (4):
Balance, beginning of period	$	1,999		$	1,659		$	1,603		$	1,212		$	1,102
Additions to nonperforming loans and leases:
New nonperforming loans and leases	254			890			489			697			456
Advances	4			2			2			9			8
Reductions to nonperforming loans and leases:
Paydowns	(226		)	(267		)	(211		)	(120		)	(133		)
Sales	(152		)	(73		)	(87		)	(6		)	(27		)
Return to performing status (5)	(90		)	(101		)	(29		)	(47		)	(32		)
Charge-offs	(84		)	(102		)	(106		)	(142		)	(162		)
Transfers to foreclosed properties	(2		)	—			(2		)	—			—
Transfers to loans held-for-sale	—			(9		)	—			—			—
Total net additions (reductions) to nonperforming loans and leases	(296		)	340			56			391			110
Total nonperforming commercial loans and leases, end of period	1,703			1,999			1,659			1,603			1,212
Foreclosed properties	14			16			19			10			15
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	1,717		$	2,015		$	1,678		$	1,613		$	1,227

⁽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)
	Fourth Quarter 2016				Third Quarter 2016					Second Quarter 2016					First Quarter 2016					Fourth Quarter 2015
Net Charge-offs	Amount		Percent		Amount			Percent		Amount			Percent		Amount			Percent		Amount		Percent
Residential mortgage (3)	$	2	—	%	$	4		0.01	%	$	34		0.07	%	$	91		0.20	%	$	73	0.15	%
Home equity	70		0.41		97			0.55		126			0.70		112			0.60		193		0.99
U.S. credit card	566		2.52		543			2.45		573			2.66		587			2.71		563		2.52
Non-U.S. credit card (4)	41		1.80		43			1.83		46			1.85		45			1.85		46		1.78
Direct/Indirect consumer	43		0.19		34			0.14		23			0.10		34			0.15		29		0.13
Other consumer	53		8.57		57			9.74		47			8.40		48			9.07		54		10.63
Total consumer	775		0.68		778			0.69		849			0.76		917			0.82		958		0.84
U.S. commercial (5)	29		0.04		62			0.10		28			0.04		65			0.10		81		0.13
Commercial real estate	—		—		(23		)	(0.16	)	(2		)	(0.01	)	(6		)	(0.04	)	4		0.03
Commercial lease financing	2		0.05		6			0.11		15			0.30		(2		)	(0.05	)	1		0.02
Non-U.S. commercial	23		0.10		10			0.04		45			0.20		42			0.19		45		0.20
	54		0.05		55			0.05		86			0.08		99			0.09		131		0.13
U.S. small business commercial	51		1.55		55			1.67		50			1.55		52			1.64		55		1.68
Total commercial	105		0.09		110			0.10		136			0.12		151			0.14		186		0.17
Total net charge-offs	$	880	0.39		$	888		0.40		$	985		0.44		$	1,068		0.48		$	1,144	0.52
By Business Segment
Consumer Banking	$	732	1.15	%	$	710		1.14	%	$	715		1.18	%	$	739		1.25	%	$	736	1.24	%
Global Wealth & Investment Management	17		0.05		12			0.03		14			0.04		5			0.01		20		0.06
Global Banking	50		0.06		57			0.07		80			0.10		104			0.13		137		0.17
Global Markets	—		—		4			0.02		5			0.03		—			—		—		—
All Other (4)	81		0.33		105			0.41		171			0.63		220			0.76		251		0.80
Total net charge-offs	$	880	0.39		$	888		0.40		$	985		0.44		$	1,068		0.48		$	1,144	0.52

⁽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 0.39, 0.40, 0.45, 0.49 and 0.53 for the three months ended December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, respectively.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $70 million, $83 million, $82 million, $105 million and $82 million for the three months ended December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 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 0.42, 0.43, 0.48, 0.53 and 0.55 for the three months ended December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, respectively.

⁽³⁾  Includes nonperforming loan sales charge-offs (recoveries) of $(9) million, $(7) million, $0, $42 million and $(8) million for the three months ended December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, respectively.

⁽⁴⁾  Represents net charge-offs of non-U.S. credit card loans recorded in All Other, which are included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.

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

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

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

Bank of America Corporation and Subsidiaries
Annual Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Year Ended December 31
	2016					2015
Net Charge-offs	Amount			Percent		Amount			Percent
Residential mortgage (3)	$	131		0.07	%	$	473		0.24	%
Home equity	405			0.57		636			0.79
U.S. credit card	2,269			2.58		2,314			2.62
Non-U.S. credit card (4)	175			1.83		188			1.86
Direct/Indirect consumer	134			0.15		112			0.13
Other consumer	205			8.95		193			9.96
Total consumer	3,319			0.74		3,916			0.84
U.S. commercial (5)	184			0.07		139			0.06
Commercial real estate	(31		)	(0.05	)	(5		)	(0.01	)
Commercial lease financing	21			0.10		9			0.05
Non-U.S. commercial	120			0.13		54			0.06
	294			0.07		197			0.05
U.S. small business commercial	208			1.60		225			1.71
Total commercial	502			0.11		422			0.10
Total net charge-offs	$	3,821		0.43		$	4,338		0.50
By Business Segment
Consumer Banking	$	2,896		1.18	%	$	3,000		1.29	%
Global Wealth & Investment Management	48			0.03		72			0.05
Global Banking	291			0.09		194			0.06
Global Markets	9			0.01		—			—
All Other (4)	577			0.54		1,072			0.75
Total net charge-offs	$	3,821		0.43		$	4,338		0.50

⁽¹⁾  Net charge-off ratios are calculated as 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 net charge-offs as a percentage of total average loans and leases outstanding were 0.44 and 0.51 for the years ended December 31, 2016 and 2015.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $340 million and $808 million for the years ended December 31, 2016 and 2015. Including the write-offs of purchased credit-impaired loans, total net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.47 and 0.59 for the years ended December 31, 2016 and 2015.

⁽³⁾  Includes nonperforming loan sales charge-offs (recoveries) of $26 million and $(127) million for the years ended December 31, 2016 and 2015.

⁽⁴⁾  Represents net charge-offs of non-U.S. credit card loans recorded in All Other, which are included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.

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

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

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

Bank of America Corporation and Subsidiaries
Allocation of the Allowance for Credit Losses by Product Type
(Dollars in millions)
	December 31, 2016							September 30, 2016						December 31, 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	$	1,012		8.82	%	0.53	%	$	1,088	9.31	%	0.58	%	$	1,500	12.26	%	0.80	%
Home equity	1,738			15.14		2.62		1,901		16.26		2.75		2,414		19.73		3.18
U.S. credit card	2,934			25.56		3.18		2,857		24.44		3.22		2,927		23.93		3.27
Non-U.S.credit card	243			2.12		2.64		258		2.21		2.79		274		2.24		2.75
Direct/Indirect consumer	244			2.13		0.26		227		1.94		0.24		223		1.82		0.25
Other consumer	51			0.44		2.01		48		0.39		2.01		47		0.38		2.27
Total consumer	6,222			54.21		1.36		6,379		54.55		1.42		7,385		60.36		1.63
U.S. commercial (3)	3,326			28.97		1.17		3,427		29.31		1.22		2,964		24.23		1.12
Commercial real estate	920			8.01		1.60		915		7.83		1.60		967		7.90		1.69
Commercial lease financing	138			1.20		0.62		141		1.21		0.66		164		1.34		0.77
Non-U.S.commercial	874			7.61		0.98		830		7.10		0.95		754		6.17		0.82
Total commercial (4)	5,258			45.79		1.16		5,313		45.45		1.19		4,849		39.64		1.11
Allowance for loan and lease losses	11,480			100.00	%	1.26		11,692		100.00	%	1.30		12,234		100.00	%	1.37
Less: Allowance included in assets of business held for sale (5)	(243		)					—						—
Adjusted Allowance for loan and lease losses	11,237							11,692						12,234
Reserve for unfunded lending commitments	762							767						646
Allowance for credit losses	$	11,999						$	12,459					$	12,880
Asset Quality Indicators(5)
Allowance for loan and lease losses/Total loans and leases (2)				1.26	%					1.30	%					1.37	%
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, 6)				1.24						1.27						1.31
Allowance for loan and lease losses/Total nonperforming loans and leases (7)				149						140						130
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases (6)				144						135						122
Ratio of the allowance for loan and lease losses/Annualized net charge-offs (8)				3.28						3.31						2.70
Ratio of the allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Annualized net charge-offs (6, 8)				3.16						3.18						2.52
Ratio of the allowance for loan and lease losses/Annualized net charge-offs and purchased credit-impaired write-offs				3.04						3.03						2.52

⁽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 $710 million, $1.4 billion and $1.6 billion and home equity loans of $341 million, $340 million and $250 million at December 31, 2016, September 30, 2016 and December 31, 2015, respectively. Commercial loans accounted for under the fair value option included U.S. commercial loans of $2.9 billion, $2.6 billion and $2.3 billion and non-U.S. commercial loans of $3.1 billion, $3.7 billion and $2.8 billion at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽²⁾  Total loans and leases do not include loans accounted for under the fair value option of $7.1 billion, $8.1 billion and $6.9 billion at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽³⁾  Includes allowance for loan and lease losses for U.S. small business commercial loans of $416 million, $444 million and $507 million at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽⁴⁾  Includes allowance for loan and lease losses for impaired commercial loans of $273 million, $258 million and $217 million at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽⁵⁾  Indicators include $243 million of non-U.S. credit card allowance and $9.2 billion of non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.

⁽⁶⁾  Excludes valuation allowance on purchased credit-impaired loans of $419 million, $453 million and $804 million at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽⁷⁾  Allowance for loan and lease losses includes $4.0 billion, $4.1 billion and $4.5 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 December 31, 2016, September 30, 2016 and December 31, 2015, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 98 percent, 91 percent and 82 percent at December 31, 2016, September 30, 2016 and December 31, 2015, respectively.

⁽⁸⁾  Net charge-offs exclude $70 million, $83 million and $82 million of write-offs in the purchased credit-impaired loan portfolio for the three months ended December 31, 2016, September 30, 2016 and December 31, 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 tables below and on page 43 for reconciliations of these non-GAAP financial measures to financial measures defined by GAAP for the years ended December 31, 2016 and 2015, and the three months ended December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015. The Corporation believes the use of these non-GAAP financial measures provides additional clarity in understanding its results of operations and trends. Other companies may define or calculate supplemental financial data differently.

	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	41,096		$	38,958		$	10,292		$	10,201		$	10,118		$	10,485		$	9,686
Fully taxable-equivalent adjustment	900			889			234			228			223			215			225
Net interest income on a fully taxable-equivalent basis	$	41,996		$	39,847		$	10,526		$	10,429		$	10,341		$	10,700		$	9,911
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	$	83,701		$	82,965		$	19,990		$	21,635		$	21,286		$	20,790		$	19,582
Fully taxable-equivalent adjustment	900			889			234			228			223			215			225
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	84,601		$	83,854		$	20,224		$	21,863		$	21,509		$	21,005		$	19,807
Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis
Income tax expense	$	7,247		$	6,234		$	1,359		$	2,349		$	2,034		$	1,505		$	1,478
Fully taxable-equivalent adjustment	900			889			234			228			223			215			225
Income tax expense on a fully taxable-equivalent basis	$	8,147		$	7,123		$	1,593		$	2,577		$	2,257		$	1,720		$	1,703
Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	241,621		$	230,173		$	245,139		$	243,679		$	240,376		$	237,229		$	234,800
Goodwill	(69,750		)	(69,772		)	(69,745		)	(69,744		)	(69,751		)	(69,761		)	(69,761		)
Intangible assets (excluding mortgage servicing rights)	(3,382		)	(4,201		)	(3,091		)	(3,276		)	(3,480		)	(3,687		)	(3,888		)
Related deferred tax liabilities	1,644			1,852			1,580			1,628			1,662			1,707			1,753
Tangible common shareholders' equity	$	170,133		$	158,052		$	173,883		$	172,287		$	168,807		$	165,488		$	162,904
Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	266,277		$	251,981		$	270,360		$	268,899		$	265,354		$	260,423		$	257,074
Goodwill	(69,750		)	(69,772		)	(69,745		)	(69,744		)	(69,751		)	(69,761		)	(69,761		)
Intangible assets (excluding mortgage servicing rights)	(3,382		)	(4,201		)	(3,091		)	(3,276		)	(3,480		)	(3,687		)	(3,888		)
Related deferred tax liabilities	1,644			1,852			1,580			1,628			1,662			1,707			1,753
Tangible shareholders' equity	$	194,789		$	179,860		$	199,104		$	197,507		$	193,785		$	188,682		$	185,178

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)
	Year Ended December 31						Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016			First Quarter 2016			Fourth Quarter 2015
	2016			2015
Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	241,620		$	233,903		$	241,620		$	244,863		$	242,206		$	238,662		$	233,903
Goodwill	(69,744		)	(69,761		)	(69,744		)	(69,744		)	(69,744		)	(69,761		)	(69,761		)
Intangible assets (excluding mortgage servicing rights)	(2,989		)	(3,768		)	(2,989		)	(3,168		)	(3,352		)	(3,578		)	(3,768		)
Related deferred tax liabilities	1,545			1,716			1,545			1,588			1,637			1,667			1,716
Tangible common shareholders' equity	$	170,432		$	162,090		$	170,432		$	173,539		$	170,747		$	166,990		$	162,090
Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	266,840		$	256,176		$	266,840		$	270,083		$	267,426		$	263,004		$	256,176
Goodwill	(69,744		)	(69,761		)	(69,744		)	(69,744		)	(69,744		)	(69,761		)	(69,761		)
Intangible assets (excluding mortgage servicing rights)	(2,989		)	(3,768		)	(2,989		)	(3,168		)	(3,352		)	(3,578		)	(3,768		)
Related deferred tax liabilities	1,545			1,716			1,545			1,588			1,637			1,667			1,716
Tangible shareholders' equity	$	195,652		$	184,363		$	195,652		$	198,759		$	195,967		$	191,332		$	184,363
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,187,702		$	2,144,287		$	2,187,702		$	2,195,314		$	2,186,966		$	2,185,726		$	2,144,287
Goodwill	(69,744		)	(69,761		)	(69,744		)	(69,744		)	(69,744		)	(69,761		)	(69,761		)
Intangible assets (excluding mortgage servicing rights)	(2,989		)	(3,768		)	(2,989		)	(3,168		)	(3,352		)	(3,578		)	(3,768		)
Related deferred tax liabilities	1,545			1,716			1,545			1,588			1,637			1,667			1,716
Tangible assets	$	2,116,514		$	2,072,474		$	2,116,514		$	2,123,990		$	2,115,507		$	2,114,054		$	2,072,474

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