Supplemental Information

Second Quarter 2017

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

Bank of America Corporation and Subsidiaries
Table of Contents	Page
Consolidated Financial Highlights	2
Consolidated Statement of Income	3
Consolidated Statement of Comprehensive Income	4
Consolidated Balance Sheet	5
Capital Management	7
Regulatory Capital Reconciliations	8
Quarterly Average Balances and Interest Rates	9
Year-to-Date Average Balances and Interest Rates	11
Debt Securities and Available-for-Sale Marketable Equity Securities	13
Supplemental Financial Data	14
Quarterly Results by Business Segment and All Other	15
Year-to-Date 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
Year-to-Date Net Charge-offs and Net Charge-off Ratios	40
Allocation of the Allowance for Credit Losses by Product Type	41
Exhibit A: Non-GAAP Reconciliations	42

Bank of America Corporation and Subsidiaries
Consolidated Financial Highlights
(Dollars in millions, except per share information; shares in thousands)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Income statement
Net interest income	$	22,044		$	20,603		$	10,986		$	11,058		$	10,292		$	10,201		$	10,118
Noninterest income	23,033			21,473			11,843			11,190			9,698			11,434			11,168
Total revenue, net of interest expense	45,077			42,076			22,829			22,248			19,990			21,635			21,286
Provision for credit losses	1,561			1,973			726			835			774			850			976
Noninterest expense	28,574			28,309			13,726			14,848			13,161			13,481			13,493
Income tax expense	4,817			3,539			3,108			1,709			1,359			2,349			2,034
Net income	10,125			8,255			5,269			4,856			4,696			4,955			4,783
Preferred stock dividends	863			818			361			502			361			503			361
Net income applicable to common shareholders	9,262			7,437			4,908			4,354			4,335			4,452			4,422
Diluted earnings per common share	0.87			0.68			0.46			0.41			0.40			0.41			0.41
Average diluted common shares issued and outstanding	10,868,431			11,079,939			10,822,069			10,914,815			10,958,621			11,000,473			11,059,167
Dividends paid per common share	$	0.15		$	0.10		$	0.075		$	0.075		$	0.075		$	0.075		$	0.05
Performance ratios
Return on average assets	0.91		%	0.76		%	0.93		%	0.88		%	0.85		%	0.90		%	0.88		%
Return on average common shareholders' equity	7.64			6.26			8.00			7.27			7.04			7.27			7.40
Return on average shareholders' equity	7.57			6.31			7.79			7.35			6.91			7.33			7.25
Return on average tangible common shareholders' equity (1)	10.76			8.95			11.23			10.28			9.92			10.28			10.54
Return on average tangible shareholders' equity (1)	10.27			8.68			10.54			10.00			9.38			9.98			9.93
At period end
Book value per share of common stock	$	24.88		$	23.71		$	24.88		$	24.36		$	24.04		$	24.19		$	23.71
Tangible book value per share of common stock (1)	17.78			16.71			17.78			17.23			16.95			17.14			16.71
Market price per share of common stock:
Closing price	$	24.26		$	13.27		$	24.26		$	23.59		$	22.10		$	15.65		$	13.27
High closing price for the period	25.50			16.43			24.32			25.50			23.16			16.19			15.11
Low closing price for the period	22.05			11.16			22.23			22.05			15.63			12.74			12.18
Market capitalization	239,643			135,577			239,643			235,291			222,163			158,438			135,577
Number of financial centers - U.S.	4,542			4,681			4,542			4,559			4,579			4,629			4,681
Number of branded ATMs - U.S.	15,972			15,998			15,972			15,939			15,928			15,959			15,998
Headcount	210,904			214,959			210,904			210,533			210,673			211,877			214,959

⁽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.

Current period 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)
	Six Months Ended June 30				Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016		Third Quarter 2016		Second Quarter 2016
	2017		2016
Interest income
Loans and leases	$	17,674	$	16,479	$	8,920	$	8,754	$	8,391	$	8,358	$	8,219
Debt securities	5,135		4,778		2,594		2,541		2,245		2,144		2,261
Federal funds sold and securities borrowed or purchased under agreements to resell	999		536		560		439		315		267		260
Trading account assets	2,239		2,254		1,163		1,076		1,093		1,076		1,075
Other interest income	1,809		1,535		909		900		821		765		759
Total interest income	27,856		25,582		14,146		13,710		12,865		12,610		12,574
Interest expense
Deposits	628		470		346		282		279		266		245
Short-term borrowings	1,564		1,239		917		647		542		569		626
Trading account liabilities	571		534		307		264		240		244		242
Long-term debt	3,049		2,736		1,590		1,459		1,512		1,330		1,343
Total interest expense	5,812		4,979		3,160		2,652		2,573		2,409		2,456
Net interest income	22,044		20,603		10,986		11,058		10,292		10,201		10,118
Noninterest income
Card income	2,918		2,894		1,469		1,449		1,502		1,455		1,464
Service charges	3,895		3,708		1,977		1,918		1,978		1,952		1,871
Investment and brokerage services	6,579		6,383		3,317		3,262		3,202		3,160		3,201
Investment banking income	3,116		2,561		1,532		1,584		1,222		1,458		1,408
Trading account profits	4,287		3,680		1,956		2,331		1,081		2,141		2,018
Mortgage banking income	352		745		230		122		519		589		312
Gains on sales of debt securities	153		439		101		52		—		51		249
Other income	1,733		1,063		1,261		472		194		628		645
Total noninterest income	23,033		21,473		11,843		11,190		9,698		11,434		11,168
Total revenue, net of interest expense	45,077		42,076		22,829		22,248		19,990		21,635		21,286
Provision for credit losses	1,561		1,973		726		835		774		850		976
Noninterest expense
Personnel	16,870		16,574		7,712		9,158		7,338		7,704		7,722
Occupancy	2,001		2,064		1,001		1,000		969		1,005		1,036
Equipment	865		914		427		438		447		443		451
Marketing	774		833		442		332		460		410		414
Professional fees	941		897		485		456		538		536		472
Amortization of intangibles	322		373		160		162		176		181		186
Data processing	1,567		1,555		773		794		767		685		717
Telecommunications	368		362		177		191		195		189		189
Other general operating	4,866		4,737		2,549		2,317		2,271		2,328		2,306
Total noninterest expense	28,574		28,309		13,726		14,848		13,161		13,481		13,493
Income before income taxes	14,942		11,794		8,377		6,565		6,055		7,304		6,817
Income tax expense	4,817		3,539		3,108		1,709		1,359		2,349		2,034
Net income	$	10,125	$	8,255	$	5,269	$	4,856	$	4,696	$	4,955	$	4,783
Preferred stock dividends	863		818		361		502		361		503		361
Net income applicable to common shareholders	$	9,262	$	7,437	$	4,908	$	4,354	$	4,335	$	4,452	$	4,422
Per common share information
Earnings	$	0.92	$	0.72	$	0.49	$	0.43	$	0.43	$	0.43	$	0.43
Diluted earnings	0.87		0.68		0.46		0.41		0.40		0.41		0.41
Dividends paid	0.15		0.10		0.075		0.075		0.075		0.075		0.05
Average common shares issued and outstanding	10,056,111		10,308,241		10,013,503		10,099,557		10,170,031		10,250,124		10,328,424
Average diluted common shares issued and outstanding	10,868,431		11,079,939		10,822,069		10,914,815		10,958,621		11,000,473		11,059,167

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

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Net income	$	10,125		$	8,255		$	5,269		$	4,856		$	4,696		$	4,955		$	4,783
Other comprehensive income (loss), net-of-tax:
Net change in debt and marketable equity securities	469			3,111			568			(99		)	(4,664		)	208			755
Net change in debit valuation adjustments	(69		)	114			(78		)	9			(205		)	(65		)	(13		)
Net change in derivatives	132			150			94			38			(95		)	127			126
Employee benefit plan adjustments	54			23			27			27			(553		)	6			13
Net change in foreign currency translation adjustments	97			(9		)	100			(3		)	(70		)	(8		)	(21		)
Other comprehensive income (loss)	683			3,389			711			(28		)	(5,587		)	268			860
Comprehensive income (loss)	$	10,808		$	11,644		$	5,980		$	4,828		$	(891	)	$	5,223		$	5,643

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

Current period 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)
	June 30 2017			March 31 2017			June 30 2016
Assets
Cash and due from banks	$	29,974		$	28,955		$	29,408
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	128,730			139,070			141,799
Cash and cash equivalents	158,704			168,025			171,207
Time deposits placed and other short-term investments	10,152			11,967			7,558
Federal funds sold and securities borrowed or purchased under agreements to resell	217,201			210,733			213,737
Trading account assets	216,369			209,044			175,365
Derivative assets	39,190			40,078			55,264
Debt securities:
Carried at fair value	315,509			312,012			309,670
Held-to-maturity, at cost	119,008			116,033			102,899
Total debt securities	434,517			428,045			412,569
Loans and leases	916,666			906,242			903,153
Allowance for loan and lease losses	(10,875		)	(11,112		)	(11,837		)
Loans and leases, net of allowance	905,791			895,130			891,316
Premises and equipment, net	8,904			9,319			9,150
Mortgage servicing rights	2,501			2,610			2,269
Goodwill	68,969			68,969			69,744
Intangible assets	2,610			2,766			3,352
Loans held-for-sale	5,882			14,751			8,848
Customer and other receivables	59,342			59,534			58,150
Assets of business held for sale	—			11,025			n/a
Other assets	124,397			115,705			108,437
Total assets	$	2,254,529		$	2,247,701		$	2,186,966
Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities)
Trading account assets	$	4,543		$	5,180		$	5,940
Loans and leases	51,604			53,187			60,384
Allowance for loan and lease losses	(1,004		)	(1,004		)	(1,128		)
Loans and leases, net of allowance	50,600			52,183			59,256
Loans held-for-sale	93			128			256
All other assets	1,136			2,161			1,455
Total assets of consolidated variable interest entities	$	56,372		$	59,652		$	66,907

n/a = not applicable

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

Current period 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)
	June 30 2017			March 31 2017			June 30 2016
Liabilities
Deposits in U.S. offices:
Noninterest-bearing	$	427,715		$	436,972		$	424,918
Interest-bearing	757,888			762,161			714,607
Deposits in non-U.S. offices:
Noninterest-bearing	13,446			13,223			11,252
Interest-bearing	63,931			59,785			65,314
Total deposits	1,262,980			1,272,141			1,216,091
Federal funds purchased and securities loaned or sold under agreements to repurchase	196,407			186,098			178,062
Trading account liabilities	77,933			77,283			74,282
Derivative liabilities	34,880			36,428			47,561
Short-term borrowings	36,494			44,162			33,051
Accrued expenses and other liabilities (includes $757, $757 and $750 of reserve for unfunded lending commitments)	150,925			142,051			140,876
Long-term debt	223,923			221,385			229,617
Total liabilities	1,983,542			1,979,548			1,919,540
Shareholders' equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,887,329, 3,887,329 and 3,887,790 shares	25,220			25,220			25,220
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 9,878,118,264, 9,974,189,863 and 10,216,780,615 shares	142,744			144,782			149,554
Retained earnings	109,628			105,467			94,621
Accumulated other comprehensive income (loss)	(6,605		)	(7,316		)	(1,969		)
Total shareholders' equity	270,987			268,153			267,426
Total liabilities and shareholders' equity	$	2,254,529		$	2,247,701		$	2,186,966
Liabilities of consolidated variable interest entities included in total liabilities above
Short-term borrowings	$	97		$	185		$	639
Long-term debt	9,765			11,944			11,463
All other liabilities	52			37			35
Total liabilities of consolidated variable interest entities	$	9,914		$	12,166		$	12,137

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

Current period 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
	June 30 2017			March 31 2017			December 31 2016			September 30 2016			June 30 2016
Risk-based capital metrics (1):
Standardized Approach
Common equity tier 1 capital	$	171,431		$	167,351		$	168,866		$	169,925		$	166,173
Tier 1 capital	194,822			190,332			190,315			191,435			187,209
Total capital	231,679			227,250			228,187			229,132			226,949
Risk-weighted assets	1,389,274			1,398,343			1,399,477			1,395,541			1,396,277
Common equity tier 1 capital ratio	12.3		%	12.0		%	12.1		%	12.2		%	11.9		%
Tier 1 capital ratio	14.0			13.6			13.6			13.7			13.4
Total capital ratio	16.7			16.3			16.3			16.4			16.3
Advanced Approaches
Common equity tier 1 capital	$	171,431		$	167,351		$	168,866		$	169,925		$	166,173
Tier 1 capital	194,822			190,332			190,315			191,435			187,209
Total capital	222,654			218,112			218,981			219,878			217,828
Risk-weighted assets	1,477,285			1,516,686			1,529,903			1,547,221			1,561,567
Common equity tier 1 capital ratio	11.6		%	11.0		%	11.0		%	11.0		%	10.6		%
Tier 1 capital ratio	13.2			12.5			12.4			12.4			12.0
Total capital ratio	15.1			14.4			14.3			14.2			13.9
Leverage-based metrics (2)
Adjusted average assets	$	2,192,055		$	2,153,125		$	2,131,121		$	2,111,234		$	2,109,172
Tier 1 leverage ratio	8.9		%	8.8		%	8.9		%	9.1		%	8.9		%
Supplementary leverage exposure	$	2,754,643		$	2,715,589		$	2,702,248		$	2,703,905		$	2,694,079
Supplementary leverage ratio	7.0		%	7.0		%	6.9		%	7.1		%	6.9		%
Tangible equity ratio (3)	9.2			9.1			9.2			9.4			9.3
Tangible common equity ratio (3)	8.0			7.9			8.1			8.2			8.1

⁽¹⁾  Regulatory capital ratios 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.

Current period 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)
(Dollars in millions)
	June 30 2017			March 31 2017			December 31 2016			September 30 2016			June 30 2016
Regulatory capital – Basel 3 transition to fully phased-in
Common equity tier 1 capital (transition)	$	171,431		$	167,351		$	168,866		$	169,925		$	166,173
Deferred tax assets arising from net operating loss and tax credit carryforwards phased in during transition	(1,457		)	(1,594		)	(3,318		)	(3,143		)	(3,496		)
Accumulated OCI phased in during transition	(845		)	(964		)	(1,899		)	188			359
Intangibles phased in during transition	(338		)	(375		)	(798		)	(853		)	(907		)
Defined benefit pension fund assets phased in during transition	(181		)	(175		)	(341		)	(375		)	(378		)
DVA related to liabilities and derivatives phased in during transition	156			128			276			168			104
Other adjustments and deductions phased in during transition	(62		)	(38		)	(57		)	(35		)	(24		)
Common equity tier 1 capital (fully phased-in)	$	168,704		$	164,333		$	162,729		$	165,875		$	161,831
Risk-weighted assets – As reported to Basel 3 (fully phased-in)
Basel 3 Standardized approach risk-weighted assets as reported	$	1,389,274		$	1,398,343		$	1,399,477		$	1,395,541		$	1,396,277
Changes in risk-weighted assets from reported to fully phased-in	15,412			17,784			17,638			15,587			17,689
Basel 3 Standardized approach risk-weighted assets (fully phased-in)	$	1,404,686		$	1,416,127		$	1,417,115		$	1,411,128		$	1,413,966
Basel 3 Advanced approaches risk-weighted assets as reported	$	1,477,285		$	1,516,686		$	1,529,903		$	1,547,221		$	1,561,567
Changes in risk-weighted assets from reported to fully phased-in	(13,576		)	(19,133		)	(18,113		)	(23,502		)	(19,600		)
Basel 3 Advanced approaches risk-weighted assets (fully phased-in) (3)	$	1,463,709		$	1,497,553		$	1,511,790		$	1,523,719		$	1,541,967
Regulatory capital ratios
Basel 3 Standardized approach common equity tier 1 (transition)	12.3		%	12.0		%	12.1		%	12.2		%	11.9		%
Basel 3 Advanced approaches common equity tier 1 (transition)	11.6			11.0			11.0			11.0			10.6
Basel 3 Standardized approach common equity tier 1 (fully phased-in)	12.0			11.6			11.5			11.8			11.4
Basel 3 Advanced approaches common equity tier 1 (fully phased-in) (3)	11.5			11.0			10.8			10.9			10.5

⁽¹⁾  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 the Advanced approaches for the periods presented.

⁽²⁾  Fully phased-in estimates are non-GAAP financial measures. For reconciliations to GAAP financial measures, see above.

⁽³⁾  Basel 3 fully phased-in Advanced approaches estimates assume approval by U.S. banking regulators of our internal models methodology (IMM) for calculating counterparty credit risk regulatory capital for derivatives. As of June 30, 2017, we did not have regulatory approval of the IMM model. Basel 3 fully phased-in Common equity tier 1 capital ratio would be reduced by approximately 25 bps if IMM is not used.

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

Current period 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)
	Second Quarter 2017						First Quarter 2017						Second Quarter 2016
	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	$	129,201	$	261	0.81	%	$	123,921	$	202	0.66	%	$	135,312	$	157	0.47	%
Time deposits placed and other short-term investments	11,448		58		2.03		11,497		47		1.65		7,855		35		1.79
Federal funds sold and securities borrowed or purchased under agreements to resell	226,700		560		0.99		216,402		439		0.82		223,005		260		0.47
Trading account assets	135,931		1,199		3.54		125,661		1,111		3.58		127,189		1,109		3.50
Debt securities (1)	431,132		2,632		2.44		430,234		2,573		2.38		419,085		2,284		2.20
Loans and leases (2):
Residential mortgage	195,935		1,697		3.46		193,627		1,661		3.44		186,752		1,626		3.48
Home equity	63,332		664		4.20		65,508		639		3.94		73,141		703		3.86
U.S. credit card	89,464		2,128		9.54		89,628		2,111		9.55		86,705		1,983		9.20
Non-U.S. credit card	6,494		147		9.08		9,367		211		9.15		9,988		250		10.06
Direct/Indirect consumer	93,146		643		2.77		93,291		608		2.65		91,643		563		2.47
Other consumer	2,629		26		4.07		2,547		27		4.07		2,220		16		3.00
Total consumer	451,000		5,305		4.71		453,968		5,257		4.68		450,449		5,141		4.58
U.S. commercial	291,162		2,403		3.31		287,468		2,222		3.14		276,640		2,006		2.92
Commercial real estate	58,198		514		3.54		57,764		479		3.36		57,772		434		3.02
Commercial lease financing	21,649		156		2.89		22,123		231		4.17		20,874		147		2.81
Non-U.S. commercial	92,708		615		2.66		92,821		595		2.60		93,935		564		2.42
Total commercial	463,717		3,688		3.19		460,176		3,527		3.11		449,221		3,151		2.82
Total loans and leases (1)	914,717		8,993		3.94		914,144		8,784		3.88		899,670		8,292		3.70
Other earning assets	73,618		680		3.70		73,514		751		4.13		55,957		660		4.74
Total earning assets (3)	1,922,747		14,383		3.00		1,895,373		13,907		2.96		1,868,073		12,797		2.75
Cash and due from banks (1)	27,659						27,196						27,924
Other assets, less allowance for loan and lease losses (1)	318,747						308,851						292,244
Total assets	$	2,269,153					$	2,231,420					$	2,188,241

⁽¹⁾  Includes assets of the Corporation's non-U.S. consumer credit card business, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017. The impact on net interest yield of the earning assets included in assets of business held for sale was not significant. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

⁽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:

	Second Quarter 2017				First Quarter 2017				Second Quarter 2016
Federal funds sold and securities borrowed or purchased under agreements to resell		$	10			$	15			$	5
Debt securities		(25		)		(22		)		(48		)
U.S. commercial loans and leases		(9		)		(10		)		(13		)
Net hedge expense on assets		$	(24	)		$	(17	)		$	(56	)

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

Current period 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)
	Second Quarter 2017						First Quarter 2017						Second Quarter 2016
	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	$	54,494	$	2	0.01	%	$	52,193	$	1	0.01	%	$	50,105	$	1	0.01	%
NOW and money market deposit accounts	619,593		105		0.07		617,749		74		0.05		583,913		72		0.05
Consumer CDs and IRAs	45,682		30		0.27		46,711		31		0.27		48,450		33		0.28
Negotiable CDs, public funds and other deposits	36,041		68		0.75		33,695		52		0.63		32,879		35		0.42
Total U.S. interest-bearing deposits	755,810		205		0.11		750,348		158		0.09		715,347		141		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	3,058		6		0.77		2,616		5		0.76		4,235		10		0.98
Governments and official institutions	981		2		0.90		1,013		2		0.81		1,542		2		0.66
Time, savings and other	60,047		133		0.89		58,418		117		0.81		60,311		92		0.61
Total non-U.S. interest-bearing deposits	64,086		141		0.89		62,047		124		0.81		66,088		104		0.63
Total interest-bearing deposits	819,896		346		0.17		812,395		282		0.14		781,435		245		0.13
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	251,641		917		1.46		231,717		647		1.13		215,852		626		1.17
Trading account liabilities	45,156		307		2.73		38,731		264		2.76		36,652		242		2.66
Long-term debt	224,019		1,590		2.84		221,468		1,459		2.65		233,061		1,343		2.31
Total interest-bearing liabilities (1)	1,340,712		3,160		0.94		1,304,311		2,652		0.82		1,267,000		2,456		0.78
Noninterest-bearing sources:
Noninterest-bearing deposits	436,942						444,237						431,856
Other liabilities	220,276						214,769						224,031
Shareholders' equity	271,223						268,103						265,354
Total liabilities and shareholders' equity	$	2,269,153					$	2,231,420					$	2,188,241
Net interest spread					2.06	%					2.14	%					1.97	%
Impact of noninterest-bearing sources					0.28						0.25						0.26
Net interest income/yield on earning assets			$	11,223	2.34	%			$	11,255	2.39	%			$	10,341	2.23	%

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

	Second Quarter 2017				First Quarter 2017				Second Quarter 2016
NOW and money market deposit accounts		$	(1	)		$	—			$	(1	)
Consumer CDs and IRAs		5				6				5
Negotiable CDs, public funds and other deposits		4				3				4
Banks located in non-U.S. countries		4				5				3
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		88				92				149
Long-term debt		(426		)		(530		)		(770		)
Net hedge income on liabilities		$	(326	)		$	(424	)		$	(610	)

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

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

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis
(Dollars in millions)
	Six Months Ended June 30
	2017						2016
	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	$	126,576	$	463	0.74	%	$	136,943	$	312	0.46	%
Time deposits placed and other short-term investments	11,472		105		1.84		8,506		67		1.59
Federal funds sold and securities borrowed or purchased under agreements to resell	221,579		999		0.91		216,094		536		0.50
Trading account assets	130,824		2,310		3.56		131,748		2,321		3.54
Debt securities (1)	430,685		5,205		2.41		409,531		4,821		2.38
Loans and leases (2):
Residential mortgage	194,787		3,358		3.45		186,866		3,255		3.48
Home equity	64,414		1,303		4.07		74,235		1,414		3.82
U.S. credit card	89,545		4,239		9.55		86,934		4,004		9.26
Non-U.S. credit card	7,923		358		9.12		9,905		503		10.21
Direct/Indirect consumer	93,218		1,251		2.71		90,493		1,113		2.47
Other consumer	2,589		53		4.07		2,178		32		3.01
Total consumer	452,476		10,562		4.69		450,611		10,321		4.60
U.S. commercial	289,325		4,625		3.22		273,576		3,942		2.90
Commercial real estate	57,982		993		3.45		57,521		868		3.03
Commercial lease financing	21,885		387		3.54		20,975		329		3.14
Non-U.S. commercial	92,764		1,210		2.63		93,644		1,149		2.47
Total commercial	461,956		7,215		3.15		445,716		6,288		2.84
Total loans and leases (1)	914,432		17,777		3.91		896,327		16,609		3.72
Other earning assets	73,568		1,431		3.92		57,298		1,354		4.75
Total earning assets (3)	1,909,136		28,290		2.98		1,856,447		26,020		2.81
Cash and due from banks (1)	27,429						28,384
Other assets, less allowance for loan and lease losses (1)	313,826						296,251
Total assets	$	2,250,391					$	2,181,082

⁽¹⁾  Includes assets of the Corporation's non-U.S. consumer credit card business, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017. The impact on net interest yield of the earning assets included in assets of business held for sale was not significant. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

⁽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:

	2017				2016
Federal funds sold and securities borrowed or purchased under agreements to resell		$	25			$	18
Debt securities		(47		)		(82		)
U.S. commercial loans and leases		(19		)		(27		)
Net hedge expense on assets		$	(41	)		$	(91	)

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

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

Bank of America Corporation and Subsidiaries
Year-to-Date Average Balances and Interest Rates – Fully Taxable-equivalent Basis (continued)
(Dollars in millions)
	Six Months Ended June 30
	2017						2016
	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-bearing liabilities
U.S. interest-bearing deposits:
Savings	$	53,350	$	3	0.01	%	$	48,975	$	2	0.01	%
NOW and money market deposit accounts	618,676		179		0.06		580,846		143		0.05
Consumer CDs and IRAs	46,194		61		0.27		49,034		68		0.28
Negotiable CDs, public funds and other deposits	34,874		120		0.69		32,308		64		0.40
Total U.S. interest-bearing deposits	753,094		363		0.10		711,163		277		0.08
Non-U.S. interest-bearing deposits:
Banks located in non-U.S. countries	2,838		11		0.76		4,179		19		0.91
Governments and official institutions	997		4		0.85		1,507		4		0.60
Time, savings and other	59,237		250		0.85		58,627		170		0.58
Total non-U.S. interest-bearing deposits	63,072		265		0.85		64,313		193		0.60
Total interest-bearing deposits	816,166		628		0.16		775,476		470		0.12
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings	241,733		1,564		1.30		218,921		1,239		1.14
Trading account liabilities	41,962		571		2.74		38,027		534		2.83
Long-term debt	222,751		3,049		2.75		233,358		2,736		2.35
Total interest-bearing liabilities (1)	1,322,612		5,812		0.88		1,265,782		4,979		0.79
Noninterest-bearing sources:
Noninterest-bearing deposits	440,569						430,397
Other liabilities	217,538						222,014
Shareholders' equity	269,672						262,889
Total liabilities and shareholders' equity	$	2,250,391					$	2,181,082
Net interest spread					2.10	%					2.02	%
Impact of noninterest-bearing sources					0.27						0.26
Net interest income/yield on earning assets			$	22,478	2.37	%			$	21,041	2.28	%

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

	2017				2016
NOW and money market deposit accounts		$	(1	)		$	(1	)
Consumer CDs and IRAs		11				11
Negotiable CDs, public funds and other deposits		7				7
Banks located in non-U.S. countries		9				4
Federal funds purchased, securities loaned or sold under agreements to repurchase and short-term borrowings		180				311
Long-term debt		(956		)		(1,507		)
Net hedge income on liabilities		$	(750	)		$	(1,175	)

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

Current period 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)
	June 30, 2017
	Amortized Cost			Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	193,222		$	662	$	(1,710	)	$	192,174
Agency-collateralized mortgage obligations	7,441			84		(41		)	7,484
Commercial	12,574			48		(181		)	12,441
Non-agency residential	1,673			258		(17		)	1,914
Total mortgage-backed securities	214,910			1,052		(1,949		)	214,013
U.S. Treasury and agency securities	51,903			143		(623		)	51,423
Non-U.S. securities	6,595			9		(2		)	6,602
Other taxable securities, substantially all asset-backed securities	8,976			80		(5		)	9,051
Total taxable securities	282,384			1,284		(2,579		)	281,089
Tax-exempt securities	18,476			121		(120		)	18,477
Total available-for-sale debt securities	300,860			1,405		(2,699		)	299,566
Other debt securities carried at fair value	15,771			245		(73		)	15,943
Total debt securities carried at fair value	316,631			1,650		(2,772		)	315,509
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	119,008			162		(1,840		)	117,330
Total debt securities	$	435,639		$	1,812	$	(4,612	)	$	432,839
Available-for-sale marketable equity securities (1)	$	8		$	69	$	—		$	77
	March 31, 2017
Available-for-sale debt securities
Mortgage-backed securities:
Agency	$	190,684		$	553	$	(2,194	)	$	189,043
Agency-collateralized mortgage obligations	7,848			78		(49		)	7,877
Commercial	12,809			27		(264		)	12,572
Non-agency residential	1,758			209		(24		)	1,943
Total mortgage-backed securities	213,099			867		(2,531		)	211,435
U.S. Treasury and agency securities	51,056			168		(666		)	50,558
Non-U.S. securities	6,744			13		(4		)	6,753
Other taxable securities, substantially all asset-backed securities	9,754			76		(11		)	9,819
Total taxable securities	280,653			1,124		(3,212		)	278,565
Tax-exempt securities	17,443			80		(188		)	17,335
Total available-for-sale debt securities	298,096			1,204		(3,400		)	295,900
Less: Available-for-sale securities of business held for sale	(691		)	—		—			(691		)
Other debt securities carried at fair value	16,714			164		(75		)	16,803
Total debt securities carried at fair value	314,119			1,368		(3,475		)	312,012
Held-to-maturity debt securities, substantially all U.S. agency mortgage-backed securities	116,033			166		(2,196		)	114,003
Total debt securities	$	430,152		$	1,534	$	(5,671	)	$	426,015
Available-for-sale marketable equity securities (1)	$	8		$	57	$	—		$	65

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

Other Debt Securities Carried at Fair Value
(Dollars in millions)	June 30 2017		March 31 2017
Mortgage-backed securities:
Agency-collateralized mortgage obligations	$	5	$	5
Non-agency residential	3,037		3,082
Total mortgage-backed securities	3,042		3,087
Non-U.S. securities (1)	12,665		13,482
Other taxable securities, substantially all asset-backed securities	236		234
Total	$	15,943	$	16,803

⁽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.

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Net interest income	$	22,478		$	21,041		$	11,223		$	11,255		$	10,526		$	10,429		$	10,341
Total revenue, net of interest expense	45,511			42,514			23,066			22,445			20,224			21,863			21,509
Net interest yield	2.37		%	2.28		%	2.34		%	2.39		%	2.23		%	2.23		%	2.23		%
Efficiency ratio	62.78			66.59			59.51			66.15			65.08			61.66			62.73

⁽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.

Current period 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)
	Second Quarter 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	11,223	$	5,960	$	1,597	$	2,711	$	864		$	91
Card income	1,469		1,249		34		134		24			28
Service charges	1,977		1,062		18		810		83			4
Investment and brokerage services	3,317		64		2,697		37		521			(2		)
Investment banking income (loss)	1,532		—		96		930		589			(83		)
Trading account profits	1,956		1		32		55		1,743			125
Mortgage banking income	230		140		1		—		—			89
Gains on sales of debt securities	101		—		—		—		—			101
Other income	1,261		32		220		362		122			525
Total noninterest income	11,843		2,548		3,098		2,328		3,082			787
Total revenue, net of interest expense (FTE basis)	23,066		8,508		4,695		5,039		3,946			878
Provision for credit losses	726		834		11		15		25			(159		)
Noninterest expense	13,726		4,409		3,392		2,154		2,649			1,122
Income (loss) before income taxes (FTE basis)	8,614		3,265		1,292		2,870		1,272			(85		)
Income tax expense (FTE basis)	3,345		1,233		488		1,084		442			98
Net income (loss)	$	5,269	$	2,032	$	804	$	1,786	$	830		$	(183	)
Average
Total loans and leases	$	914,717	$	261,537	$	150,812	$	345,063	$	69,638		$	87,667
Total assets (1)	2,269,153		724,753		281,167		413,950		645,228			204,055
Total deposits	1,256,838		652,787		245,329		300,483		31,919			26,320
Period end
Total loans and leases	$	916,666	$	265,938	$	153,468	$	344,457	$	73,973		$	78,830
Total assets (1)	2,254,529		735,176		274,746		410,580		633,193			200,834
Total deposits	1,262,980		662,678		237,131		303,205		33,363			26,603
	First Quarter 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	11,255	$	5,781	$	1,560	$	2,775	$	1,049		$	90
Card income	1,449		1,224		36		125		22			42
Service charges	1,918		1,050		20		765		77			6
Investment and brokerage services	3,262		69		2,648		17		531			(3		)
Investment banking income (loss)	1,584		—		51		925		666			(58		)
Trading account profits	2,331		—		59		32		2,177			63
Mortgage banking income	122		119		1		—		—			2
Gains on sales of debt securities	52		—		—		—		—			52
Other income (loss)	472		41		217		316		186			(288		)
Total noninterest income	11,190		2,503		3,032		2,180		3,659			(184		)
Total revenue, net of interest expense (FTE basis)	22,445		8,284		4,592		4,955		4,708			(94		)
Provision for credit losses	835		838		23		17		(17		)	(26		)
Noninterest expense	14,848		4,409		3,330		2,163		2,757			2,189
Income (loss) before income taxes (FTE basis)	6,762		3,037		1,239		2,775		1,968			(2,257		)
Income tax expense (benefit) (FTE basis)	1,906		1,145		467		1,046		671			(1,423		)
Net income (loss)	$	4,856	$	1,892	$	772	$	1,729	$	1,297		$	(834	)
Average
Total loans and leases	$	914,144	$	257,945	$	148,405	$	342,857	$	70,064		$	94,873
Total assets (1)	2,231,420		707,647		293,432		415,908		607,010			207,423
Total deposits	1,256,632		635,594		257,386		305,197		33,158			25,297
Period end
Total loans and leases (2)	$	915,747	$	258,421	$	149,110	$	344,452	$	71,053		$	92,711
Total assets (1)	2,247,701		734,087		291,177		416,763		604,015			201,659
Total deposits	1,272,141		661,607		254,595		297,163		33,629			25,147

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

⁽²⁾  Includes $9.5 billion of non-U.S. credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet and in All Other at March 31, 2017. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

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

Current period 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)
	Second Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets			All Other
Net interest income (FTE basis)	$	10,341	$	5,207	$	1,403	$	2,425	$	1,088		$	218
Card income	1,464		1,216		23		134		37			54
Service charges	1,871		1,011		18		759		79			4
Investment and brokerage services	3,201		68		2,598		14		525			(4		)
Investment banking income (loss)	1,408		—		51		799		603			(45		)
Trading account profits	2,018		—		25		28		1,872			93
Mortgage banking income	312		267		—		—		1			44
Gains on sales of debt securities	249		—		—		—		—			249
Other income (loss)	645		26		307		537		104			(329		)
Total noninterest income	11,168		2,588		3,022		2,271		3,221			66
Total revenue, net of interest expense (FTE basis)	21,509		7,795		4,425		4,696		4,309			284
Provision for credit losses	976		726		14		199		(5		)	42
Noninterest expense	13,493		4,418		3,285		2,125		2,583			1,082
Income (loss) before income taxes (FTE basis)	7,040		2,651		1,126		2,372		1,731			(840		)
Income tax expense (benefit) (FTE basis)	2,257		977		421		874		618			(633		)
Net income (loss)	$	4,783	$	1,674	$	705	$	1,498	$	1,113		$	(207	)
Average
Total loans and leases	$	899,670	$	242,921	$	141,180	$	334,396	$	69,620		$	111,553
Total assets (1)	2,188,241		665,096		289,645		396,008		580,701			256,791
Total deposits	1,213,291		596,471		254,804		299,037		34,518			28,461
Period end
Total loans and leases	$	903,153	$	247,122	$	142,633	$	334,838	$	70,766		$	107,794
Total assets (1)	2,186,966		668,464		286,846		397,591		577,428			256,637
Total deposits	1,216,091		599,454		250,976		305,140		33,506			27,015

⁽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.

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

Bank of America Corporation and Subsidiaries
Year-to-Date Results by Business Segment and All Other
(Dollars in millions)
	Six Months Ended June 30, 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income (FTE basis)	$	22,478	$	11,741	$	3,157	$	5,486	$	1,913	$	181
Card income	2,918		2,473		70		259		46		70
Service charges	3,895		2,112		38		1,575		160		10
Investment and brokerage services	6,579		133		5,345		54		1,052		(5		)
Investment banking income (loss)	3,116		—		147		1,855		1,255		(141		)
Trading account profits	4,287		1		91		87		3,920		188
Mortgage banking income	352		259		2		—		—		91
Gains on sales of debt securities	153		—		—		—		—		153
Other income	1,733		73		437		678		308		237
Total noninterest income	23,033		5,051		6,130		4,508		6,741		603
Total revenue, net of interest expense (FTE basis)	45,511		16,792		9,287		9,994		8,654		784
Provision for credit losses	1,561		1,672		34		32		8		(185		)
Noninterest expense	28,574		8,818		6,722		4,317		5,406		3,311
Income (loss) before income taxes (FTE basis)	15,376		6,302		2,531		5,645		3,240		(2,342		)
Income tax expense (benefit) (FTE basis)	5,251		2,378		955		2,130		1,113		(1,325		)
Net income (loss)	$	10,125	$	3,924	$	1,576	$	3,515	$	2,127	$	(1,017	)
Average
Total loans and leases	$	914,432	$	259,751	$	149,615	$	343,966	$	69,850	$	91,250
Total assets (1)	2,250,391		716,247		287,266		414,924		626,225		205,729
Total deposits	1,256,735		644,238		251,324		302,827		32,535		25,811
Period end
Total loans and leases	$	916,666	$	265,938	$	153,468	$	344,457	$	73,973	$	78,830
Total assets (1)	2,254,529		735,176		274,746		410,580		633,193		200,834
Total deposits	1,262,980		662,678		237,131		303,205		33,363		26,603
	Six Months Ended June 30, 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All Other
Net interest income (FTE basis)	$	21,041	$	10,535	$	2,916	$	4,969	$	2,272	$	349
Card income	2,894		2,427		70		251		47		99
Service charges	3,708		2,008		36		1,504		151		9
Investment and brokerage services	6,383		136		5,134		30		1,093		(10		)
Investment banking income (loss)	2,561		1		124		1,435		1,097		(96		)
Trading account profits	3,680		—		61		26		3,467		126
Mortgage banking income	745		457		1		—		1		286
Gains on sales of debt securities	439		—		—		—		—		439
Other income (loss)	1,063		88		552		935		131		(643		)
Total noninterest income	21,473		5,117		5,978		4,181		5,987		210
Total revenue, net of interest expense (FTE basis)	42,514		15,652		8,894		9,150		8,259		559
Provision for credit losses	1,973		1,257		39		752		4		(79		)
Noninterest expense	28,309		8,959		6,555		4,299		5,032		3,464
Income (loss) before income taxes (FTE basis)	12,232		5,436		2,300		4,099		3,223		(2,826		)
Income tax expense (benefit) (FTE basis)	3,977		2,000		853		1,509		1,138		(1,523		)
Net income (loss)	$	8,255	$	3,436	$	1,447	$	2,590	$	2,085	$	(1,303	)
Average
Total loans and leases	$	896,327	$	240,414	$	140,139	$	331,519	$	69,452	$	114,803
Total assets (1)	2,181,082		655,806		292,678		393,891		580,963		257,744
Total deposits	1,205,873		587,332		257,643		298,086		35,202		27,610
Period end
Total loans and leases	$	903,153	$	247,122	$	142,633	$	334,838	$	70,766	$	107,794
Total assets (1)	2,186,966		668,464		286,846		397,591		577,428		256,637
Total deposits	1,216,091		599,454		250,976		305,140		33,506		27,015

⁽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.

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Net interest income (FTE basis)	$	11,741		$	10,535		$	5,960		$	5,781		$	5,465		$	5,289		$	5,207
Noninterest income:
Card income	2,473			2,427			1,249			1,224			1,290			1,218			1,216
Service charges	2,112			2,008			1,062			1,050			1,062			1,072			1,011
Mortgage banking income	259			457			140			119			207			297			267
All other income	207			225			97			110			87			92			94
Total noninterest income	5,051			5,117			2,548			2,503			2,646			2,679			2,588
Total revenue, net of interest expense (FTE basis)	16,792			15,652			8,508			8,284			8,111			7,968			7,795
Provision for credit losses	1,672			1,257			834			838			760			698			726
Noninterest expense	8,818			8,959			4,409			4,409			4,333			4,374			4,418
Income before income taxes (FTE basis)	6,302			5,436			3,265			3,037			3,018			2,896			2,651
Income tax expense (FTE basis)	2,378			2,000			1,233			1,145			1,100			1,085			977
Net income	$	3,924		$	3,436		$	2,032		$	1,892		$	1,918		$	1,811		$	1,674
Net interest yield (FTE basis)	3.49		%	3.43		%	3.48		%	3.50		%	3.35		%	3.30		%	3.34		%
Return on average allocated capital (1)	21			20			22			21			22			21			20
Efficiency ratio (FTE basis)	52.52			57.24			51.83			53.23			53.41			54.89			56.67
Balance Sheet
Average
Total loans and leases	$	259,751		$	240,414		$	261,537		$	257,945		$	253,602		$	248,683		$	242,921
Total earning assets (2)	677,512			617,263			686,064			668,865			648,299			636,832			627,225
Total assets (2)	716,247			655,806			724,753			707,647			686,985			674,630			665,096
Total deposits	644,238			587,332			652,787			635,594			617,967			605,705			596,471
Allocated capital (1)	37,000			34,000			37,000			37,000			34,000			34,000			34,000
Period end
Total loans and leases	$	265,938		$	247,122		$	265,938		$	258,421		$	258,991		$	251,125		$	247,122
Total earning assets (2)	696,350			630,449			696,350			694,883			662,698			648,972			630,449
Total assets (2)	735,176			668,464			735,176			734,087			702,333			687,241			668,464
Total deposits	662,678			599,454			662,678			661,607			632,786			618,027			599,454

⁽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.

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

Bank of America Corporation and Subsidiaries
Consumer Banking Year-to-Date Results
(Dollars in millions)
	Six Months Ended June 30, 2017
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	11,741		$	6,365		$	5,376
Noninterest income:
Card income	2,473			4			2,469
Service charges	2,112			2,111			1
Mortgage banking income	259			—			259
All other income	207			195			12
Total noninterest income	5,051			2,310			2,741
Total revenue, net of interest expense (FTE basis)	16,792			8,675			8,117
Provision for credit losses	1,672			100			1,572
Noninterest expense	8,818			5,084			3,734
Income before income taxes (FTE basis)	6,302			3,491			2,811
Income tax expense (FTE basis)	2,378			1,317			1,061
Net income	$	3,924		$	2,174		$	1,750
Net interest yield (FTE basis)	3.49		%	2.00		%	4.24		%
Return on average allocated capital (1)	21			37			14
Efficiency ratio (FTE basis)	52.52			58.62			46.00
Balance Sheet
Average
Total loans and leases	$	259,751		$	4,998		$	254,753
Total earning assets (2)	677,512			643,237			255,607
Total assets (2)	716,247			670,340			267,239
Total deposits	644,238			637,953			6,285
Allocated capital (1)	37,000			12,000			25,000
Period end
Total loans and leases	$	265,938		$	5,039		$	260,899
Total earning assets (2)	696,350			661,576			261,696
Total assets (2)	735,176			688,800			273,298
Total deposits	662,678			656,374			6,304
	Six Months Ended June 30, 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	10,535		$	5,310		$	5,225
Noninterest income:
Card income	2,427			5			2,422
Service charges	2,008			2,008			—
Mortgage banking income	457			—			457
All other income	225			214			11
Total noninterest income	5,117			2,227			2,890
Total revenue, net of interest expense (FTE basis)	15,652			7,537			8,115
Provision for credit losses	1,257			89			1,168
Noninterest expense	8,959			4,837			4,122
Income before income taxes (FTE basis)	5,436			2,611			2,825
Income tax expense (FTE basis)	2,000			961			1,039
Net income	$	3,436		$	1,650		$	1,786
Net interest yield (FTE basis)	3.43		%	1.82		%	4.43		%
Return on average allocated capital (1)	20			28			16
Efficiency ratio (FTE basis)	57.24			64.18			50.79
Balance Sheet
Average
Total loans and leases	$	240,414		$	4,761		$	235,653
Total earning assets (2)	617,263			585,691			237,003
Total assets (2)	655,806			612,437			248,800
Total deposits	587,332			580,378			6,954
Allocated capital (1)	34,000			12,000			22,000
Period end
Total loans and leases	$	247,122		$	4,845		$	242,277
Total earning assets (2)	630,449			597,993			244,699
Total assets (2)	668,464			624,658			256,049
Total deposits	599,454			592,442			7,012

For footnotes see page 21.

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

Current period 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)
	Second Quarter 2017
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,960		$	3,302		$	2,658
Noninterest income:
Card income	1,249			2			1,247
Service charges	1,062			1,061			1
Mortgage banking income	140			—			140
All other income	97			93			4
Total noninterest income	2,548			1,156			1,392
Total revenue, net of interest expense (FTE basis)	8,508			4,458			4,050
Provision for credit losses	834			45			789
Noninterest expense	4,409			2,558			1,851
Income before income taxes (FTE basis)	3,265			1,855			1,410
Income tax expense (FTE basis)	1,233			700			533
Net income	$	2,032		$	1,155		$	877
Net interest yield (FTE basis)	3.48		%	2.03		%	4.15		%
Return on average allocated capital (1)	22			39			14
Efficiency ratio (FTE basis)	51.83			57.38			45.72
Balance Sheet
Average
Total loans and leases	$	261,537		$	5,016		$	256,521
Total earning assets (2)	686,064			651,677			257,130
Total assets (2)	724,753			678,816			268,680
Total deposits	652,787			646,474			6,313
Allocated capital (1)	37,000			12,000			25,000
Period end
Total loans and leases	$	265,938		$	5,039		$	260,899
Total earning assets (2)	696,350			661,576			261,696
Total assets (2)	735,176			688,800			273,298
Total deposits	662,678			656,374			6,304
	First Quarter 2017
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,781		$	3,063		$	2,718
Noninterest income:
Card income	1,224			2			1,222
Service charges	1,050			1,050			—
Mortgage banking income	119			—			119
All other income	110			102			8
Total noninterest income	2,503			1,154			1,349
Total revenue, net of interest expense (FTE basis)	8,284			4,217			4,067
Provision for credit losses	838			55			783
Noninterest expense	4,409			2,526			1,883
Income before income taxes (FTE basis)	3,037			1,636			1,401
Income tax expense (FTE basis)	1,145			617			528
Net income	$	1,892		$	1,019		$	873
Net interest yield (FTE basis)	3.50		%	1.96		%	4.34		%
Return on average allocated capital (1)	21			34			14
Efficiency ratio (FTE basis)	53.23			59.92			46.29
Balance Sheet
Average
Total loans and leases	$	257,945		$	4,979		$	252,966
Total earning assets (2)	668,865			634,704			254,066
Total assets (2)	707,647			661,769			265,783
Total deposits	635,594			629,337			6,257
Allocated capital (1)	37,000			12,000			25,000
Period end
Total loans and leases	$	258,421		$	4,938		$	253,483
Total earning assets (2)	694,883			660,888			254,291
Total assets (2)	734,087			688,277			266,106
Total deposits	661,607			655,714			5,893

For footnotes see page 21.

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

Current period 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)
	Second Quarter 2016
	Total Consumer Banking			Deposits			Consumer Lending
Net interest income (FTE basis)	$	5,207		$	2,618		$	2,589
Noninterest income:
Card income	1,216			2			1,214
Service charges	1,011			1,011			—
Mortgage banking income	267			—			267
All other income (loss)	94			99			(5		)
Total noninterest income	2,588			1,112			1,476
Total revenue, net of interest expense (FTE basis)	7,795			3,730			4,065
Provision for credit losses	726			41			685
Noninterest expense	4,418			2,380			2,038
Income before income taxes (FTE basis)	2,651			1,309			1,342
Income tax expense (FTE basis)	977			482			495
Net income	$	1,674		$	827		$	847
Net interest yield (FTE basis)	3.34		%	1.77		%	4.34		%
Return on average allocated capital (1)	20			28			15
Efficiency ratio (FTE basis)	56.67			63.77			50.16
Balance Sheet
Average
Total loans and leases	$	242,921		$	4,792		$	238,129
Total earning assets (2)	627,225			594,748			239,645
Total assets (2)	665,096			621,445			250,819
Total deposits	596,471			589,294			7,177
Allocated capital (1)	34,000			12,000			22,000
Period end
Total loans and leases	$	247,122		$	4,845		$	242,277
Total earning assets (2)	630,449			597,993			244,699
Total assets (2)	668,464			624,658			256,049
Total deposits	599,454			592,442			7,012

⁽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.

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Average deposit balances
Checking	$	320,664		$	287,784		$	325,503		$	315,772		$	306,598		$	299,147		$	293,425
Savings	51,683			47,347			52,809			50,544			48,549			48,273			48,472
MMS	227,479			204,474			230,363			224,563			217,394			212,096			207,333
CDs and IRAs	41,558			44,914			41,196			41,923			42,592			43,420			44,378
Non-U.S. and other	2,854			2,813			2,916			2,792			2,834			2,769			2,863
Total average deposit balances	$	644,238		$	587,332		$	652,787		$	635,594		$	617,967		$	605,705		$	596,471
Deposit spreads (excludes noninterest costs)
Checking	1.98		%	1.98		%	2.03		%	1.94		%	1.92		%	1.94		%	1.97		%
Savings	2.26			2.27			2.30			2.21			2.21			2.24			2.26
MMS	1.48			1.24			1.71			1.24			1.22			1.23			1.24
CDs and IRAs	1.35			0.86			1.41			1.29			1.17			1.03			0.92
Non-U.S. and other	1.24			0.74			1.31			1.16			1.00			0.87			0.80
Total deposit spreads	1.78			1.65			1.89			1.67			1.64			1.64			1.66
Client brokerage assets	$	159,131		$	131,698		$	159,131		$	153,786		$	144,696		$	137,985		$	131,698
Digital banking active users (units in thousands) (1)	33,971			32,187			33,971			33,702			32,942			32,814			32,187
Mobile banking active users (units in thousands)	22,898			20,227			22,898			22,217			21,648			21,305			20,227
Financial centers	4,542			4,681			4,542			4,559			4,579			4,629			4,681
ATMs	15,972			15,998			15,972			15,939			15,928			15,959			15,998
Total U.S. credit card(2)
Loans
Average credit card outstandings	$	89,545		$	86,934		$	89,464		$	89,628		$	89,521		$	88,210		$	86,705
Ending credit card outstandings	90,776			88,103			90,776			88,552			92,278			88,789			88,103
Credit quality
Net charge-offs	$	1,246		$	1,160		$	640		$	606		$	566		$	543		$	573
	2.81		%	2.68		%	2.87		%	2.74		%	2.52		%	2.45		%	2.66		%
30+ delinquency	$	1,550		$	1,388		$	1,550		$	1,580		$	1,595		$	1,459		$	1,388
	1.71		%	1.58		%	1.71		%	1.78		%	1.73		%	1.64		%	1.58		%
90+ delinquency	$	772		$	693		$	772		$	801		$	782		$	702		$	693
	0.85		%	0.79		%	0.85		%	0.90		%	0.85		%	0.79		%	0.79		%
Other Total U.S. credit card indicators (2)
Gross interest yield	9.55		%	9.26		%	9.54		%	9.55		%	9.35		%	9.30		%	9.20		%
Risk adjusted margin	8.65			8.92			8.40			8.89			9.20			9.11			8.79
New accounts (in thousands)	2,486			2,521			1,302			1,184			1,134			1,324			1,313
Purchase volumes	$	116,986		$	107,821		$	61,665		$	55,321		$	61,020		$	57,591		$	56,667
Debit card data
Purchase volumes	$	145,960		$	141,267		$	75,349		$	70,611		$	73,296		$	71,049		$	72,120

For footnotes see page 23.

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

Current period 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)
	Six Months Ended June 30								Second Quarter 2017				First Quarter 2017				Fourth Quarter 2016				Third Quarter 2016				Second Quarter 2016
	2017				2016
Loan production (3):
Total (4):
First mortgage	$	24,693			$	28,937			$	13,251			$	11,442			$	18,351			$	16,865			$	16,314
Home equity	8,738				8,108				4,685				4,053				3,565				3,541				4,303
Consumer Banking:
First mortgage	$	16,635			$	20,619			$	9,006			$	7,629			$	12,303			$	11,588			$	11,541
Home equity	7,882				7,396				4,215				3,667				3,140				3,139				3,881
Mortgage servicing rights at fair value rollforward:
Balance, beginning of period	$	2,278			$	2,680			$	2,129			$	2,278			$	2,012			$	1,789			$	2,152
Net additions	49				82				14				35				(36		)		45				25
Amortization of expected cash flows (5)	(289		)		(336		)		(142		)		(147		)		(156		)		(157		)		(165		)
Other changes in mortgage servicing rights fair value (6)	(42		)		(637		)		(5		)		(37		)		458				335				(223		)
Balance, end of period (7)	$	1,996			$	1,789			$	1,996			$	2,129			$	2,278			$	2,012			$	1,789
Capitalized mortgage servicing rights (% of loans serviced for investors)	70			bps	51			bps	70			bps	72			bps	74			bps	60			bps	51			bps
Mortgage loans serviced for investors (in billions)	$	284			$	353			$	284			$	296			$	307			$	336			$	353
Mortgage banking income
Consumer Banking mortgage banking income
Total production income	$	121			$	320			$	67			$	54			$	131			$	212			$	182
Net servicing income
Servicing fees	307				363				150				157				166				179				179
Other net servicing income	(169		)		(226		)		(77		)		(92		)		(90		)		(94		)		(94		)
Total net servicing income	138				137				73				65				76				85				85
Total Consumer Banking mortgage banking income	259				457				140				119				207				297				267
Other mortgage banking income (predominately in All Other)  (8)
Net servicing income (loss)	47				246				62				(15		)		288				390				53
Other	46				42				28				18				24				(98		)		(8		)
Total other mortgage banking income (predominately in All Other)	93				288				90				3				312				292				45
Total consolidated mortgage banking income	$	352			$	745			$	230			$	122			$	519			$	589			$	312

⁽¹⁾  Digital users represents mobile and/or online users across consumer businesses; historical information has been restated primarily due to the sale of the Corporation's non-U.S. consumer credit card business.

⁽²⁾  In addition to the U.S. credit card portfolio in Consumer Banking, the remaining U.S. credit card portfolio is in GWIM.

⁽³⁾  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.

⁽⁴⁾  In addition to loan production in Consumer Banking, there is also first mortgage and home equity loan production in GWIM.

⁽⁵⁾  Represents the net change in fair value of the MSR asset due to the recognition of modeled cash flows.

⁽⁶⁾  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.

⁽⁷⁾  Does not include certain non-U.S. residential mortgage MSR balances, which are recorded in Global Markets.

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

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

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Net interest income (FTE basis)	$	3,157		$	2,916		$	1,597		$	1,560		$	1,449		$	1,394		$	1,403
Noninterest income:
Investment and brokerage services	5,345			5,134			2,697			2,648			2,598			2,585			2,598
All other income	785			844			401			384			330			400			424
Total noninterest income	6,130			5,978			3,098			3,032			2,928			2,985			3,022
Total revenue, net of interest expense (FTE basis)	9,287			8,894			4,695			4,592			4,377			4,379			4,425
Provision for credit losses	34			39			11			23			22			7			14
Noninterest expense	6,722			6,555			3,392			3,330			3,356			3,251			3,285
Income before income taxes (FTE basis)	2,531			2,300			1,292			1,239			999			1,121			1,126
Income tax expense (FTE basis)	955			853			488			467			363			421			421
Net income	$	1,576		$	1,447		$	804		$	772		$	636		$	700		$	705
Net interest yield (FTE basis)	2.34		%	2.12		%	2.41		%	2.28		%	2.09		%	2.03		%	2.06		%
Return on average allocated capital (1)	23			22			23			22			20			22			22
Efficiency ratio (FTE basis)	72.38			73.70			72.24			72.52			76.66			74.24			74.23
Balance Sheet
Average
Total loans and leases	$	149,615		$	140,139		$	150,812		$	148,405		$	146,180		$	143,207		$	141,180
Total earning assets (2)	271,884			276,739			265,845			277,989			276,172			273,567			273,873
Total assets (2)	287,266			292,678			281,167			293,432			291,761			288,820			289,645
Total deposits	251,324			257,643			245,329			257,386			256,629			253,812			254,804
Allocated capital (1)	14,000			13,000			14,000			14,000			13,000			13,000			13,000
Period end
Total loans and leases	$	153,468		$	142,633		$	153,468		$	149,110		$	148,179		$	144,980		$	142,633
Total earning assets (2)	258,744			270,973			258,744			275,214			283,151			274,288			270,973
Total assets (2)	274,746			286,846			274,746			291,177			298,931			289,794			286,846
Total deposits	237,131			250,976			237,131			254,595			262,530			252,962			250,976

⁽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.

Current period 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)
	Six Months Ended June 30					Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016			Third Quarter 2016		Second Quarter 2016
	2017		2016
Revenue by Business
Merrill Lynch Global Wealth Management	$	7,656	$	7,269		$	3,874	$	3,782	$	3,600		$	3,617	$	3,602
U.S. Trust	1,628		1,539			819		809		775			761		762
Other (1)	3		86			2		1		2			1		61
Total revenue, net of interest expense (FTE basis)	$	9,287	$	8,894		$	4,695	$	4,592	$	4,377		$	4,379	$	4,425
Client Balances by Business, at period end
Merrill Lynch Global Wealth Management	$	2,196,238	$	2,026,392		$	2,196,238	$	2,167,536	$	2,102,175		$	2,089,683	$	2,026,392
U.S. Trust	421,180		393,089			421,180		417,841		406,392			400,538		393,089
Total client balances	$	2,617,418	$	2,419,481		$	2,617,418	$	2,585,377	$	2,508,567		$	2,490,221	$	2,419,481
Client Balances by Type, at period end
Assets under management (2)	$	990,709	$	832,394		$	990,709	$	946,778	$	886,148		$	871,026	$	832,394
Brokerage assets	1,104,775		1,070,014			1,104,775		1,106,109		1,085,826			1,095,635		1,070,014
Assets in custody	128,538		120,505			128,538		126,086		123,066			122,804		120,505
Deposits	237,131		250,976			237,131		254,595		262,530			252,962		250,976
Loans and leases (3)	156,265		145,592			156,265		151,809		150,997			147,794		145,592
Total client balances	$	2,617,418	$	2,419,481		$	2,617,418	$	2,585,377	$	2,508,567		$	2,490,221	$	2,419,481
Assets Under Management Rollforward
Assets under management, beginning balance	$	886,148	$	900,863		$	946,778	$	886,148	$	871,026		$	832,394	$	890,663
Net client flows (4)	56,730		1,466			27,516		29,214		18,934			10,182		5,885
Market valuation/other (1)	47,831		(69,935		)	16,415		31,416		(3,812		)	28,450		(64,154		)
Total assets under management, ending balance	$	990,709	$	832,394		$	990,709	$	946,778	$	886,148		$	871,026	$	832,394
Associates, at period end(5, 6)
Number of financial advisors	17,017		16,824			17,017		16,678		16,820			16,834		16,824
Total wealth advisors, including financial advisors	18,881		18,668			18,881		18,538		18,678			18,714		18,668
Total primary sales professionals, including financial advisors and wealth advisors	19,863		19,506			19,863		19,536		19,629			19,594		19,506
Merrill Lynch Global Wealth Management Metric(6)
Financial advisor productivity (7) (in thousands)	$	1,016	$	978		$	1,040	$	993	$	960		$	979	$	978
U.S. Trust Metric, at period end (6)
Primary sales professionals	1,665		1,648			1,665		1,662		1,677			1,684		1,648

⁽¹⁾  Includes the results of BofA Global Capital Management, the cash management division of Bank of America, and certain administrative items. Also reflects the sale 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 managed assets under advisory and/or discretion of GWIM.

⁽³⁾  Includes margin receivables which are classified in customer and other receivables on the Consolidated Balance Sheet.

⁽⁴⁾  Includes $4.2 billion and $8.0 billion of net outflows for the BofA Global Capital Management business for the three and six months ended June 30, 2016, whose AUM were sold during the three months ended June 30, 2016.

⁽⁵⁾  Includes financial advisors in the Consumer Banking segmentof 2,206, 2,121, 2,200, 2,171 and 2,244 at June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, respectively.

⁽⁶⁾  Associate computation is based upon headcount.

⁽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 average 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.

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Net interest income (FTE basis)	$	5,486		$	4,969		$	2,711		$	2,775		$	2,502		$	2,470		$	2,425
Noninterest income:
Service charges	1,575			1,504			810			765			810			780			759
Investment banking fees	1,855			1,435			930			925			654			796			799
All other income	1,078			1,242			588			490			583			700			713
Total noninterest income	4,508			4,181			2,328			2,180			2,047			2,276			2,271
Total revenue, net of interest expense (FTE basis)	9,994			9,150			5,039			4,955			4,549			4,746			4,696
Provision for credit losses	32			752			15			17			13			118			199
Noninterest expense	4,317			4,299			2,154			2,163			2,036			2,152			2,125
Income before income taxes (FTE basis)	5,645			4,099			2,870			2,775			2,500			2,476			2,372
Income tax expense (FTE basis)	2,130			1,509			1,084			1,046			912			925			874
Net income	$	3,515		$	2,590		$	1,786		$	1,729		$	1,588		$	1,551		$	1,498
Net interest yield (FTE basis)	3.03		%	2.90		%	2.99		%	3.08		%	2.81		%	2.83		%	2.81		%
Return on average allocated capital (1)	18			14			18			18			17			17			16
Efficiency ratio (FTE basis)	43.19			46.98			42.72			43.66			44.76			45.34			45.24
Balance Sheet
Average
Total loans and leases	$	343,966		$	331,519		$	345,063		$	342,857		$	337,828		$	334,363		$	334,396
Total earning assets (2)	364,804			344,367			363,844			365,775			353,693			347,462			347,347
Total assets (2)	414,924			393,891			413,950			415,908			403,625			395,479			396,008
Total deposits	302,827			298,086			300,483			305,197			315,359			307,288			299,037
Allocated capital (1)	40,000			37,000			40,000			40,000			37,000			37,000			37,000
Period end
Total loans and leases	$	344,457		$	334,838		$	344,457		$	344,452		$	339,271		$	334,120		$	334,838
Total earning assets (2)	360,108			348,935			360,108			366,567			356,241			349,993			348,935
Total assets (2)	410,580			397,591			410,580			416,763			408,330			397,869			397,591
Total deposits	303,205			305,140			303,205			297,163			307,630			302,413			305,140

⁽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.

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Investment Banking fees (1)
Advisory (2)	$	855		$	618		$	465		$	390		$	243		$	295		$	313
Debt issuance	774			655			362			412			347			405			390
Equity issuance	226			162			103			123			64			96			96
Total Investment Banking fees (3)	$	1,855		$	1,435		$	930		$	925		$	654		$	796		$	799
Business Lending
Corporate	$	2,195		$	2,155		$	1,093		$	1,102		$	1,016		$	1,113		$	1,102
Commercial	2,096			2,059			1,052			1,044			1,011			1,069			1,051
Business Banking	200			190			99			101			96			91			92
Total Business Lending revenue	$	4,491		$	4,404		$	2,244		$	2,247		$	2,123		$	2,273		$	2,245
Global Transaction Services
Corporate	$	1,630		$	1,433		$	833		$	797		$	826		$	738		$	717
Commercial	1,459			1,365			752			707			682			671			663
Business Banking	408			367			211			197			190			182			180
Total Global Transaction Services revenue	$	3,497		$	3,165		$	1,796		$	1,701		$	1,698		$	1,591		$	1,560
Average deposit balances
Interest-bearing	$	74,179		$	67,747		$	77,490		$	70,831		$	73,141		$	72,476		$	69,775
Noninterest-bearing	228,648			230,339			222,993			234,366			242,218			234,812			229,262
Total average deposits	$	302,827		$	298,086		$	300,483		$	305,197		$	315,359		$	307,288		$	299,037
Loan spread	1.60		%	1.64		%	1.56		%	1.65		%	1.57		%	1.63		%	1.62		%
Provision for credit losses	$	32		$	752		$	15		$	17		$	13		$	118		$	199
Credit quality (4, 5)
Reservable utilized criticized exposure	$	14,074		$	16,544		$	14,074		$	14,567		$	14,841		$	15,460		$	16,544
	3.80		%	4.59		%	3.80		%	3.95		%	4.08		%	4.31		%	4.59		%
Nonperforming loans, leases and foreclosed properties	$	1,345		$	1,450		$	1,345		$	1,527		$	1,528		$	1,800		$	1,450
	0.39		%	0.43		%	0.39		%	0.44		%	0.45		%	0.54		%	0.43		%
Average loans and leases by product
U.S. commercial	$	199,604		$	188,454		$	200,577		$	198,620		$	194,692		$	190,032		$	190,273
Commercial real estate	48,971			49,014			49,122			48,818			48,741			48,714			49,120
Commercial lease financing	22,892			21,982			22,634			23,152			22,505			22,231			21,891
Non-U.S. commercial	72,496			72,060			72,729			72,261			71,888			73,384			73,105
Other	3			9			1			6			2			2			7
Total average loans and leases	$	343,966		$	331,519		$	345,063		$	342,857		$	337,828		$	334,363		$	334,396
Total Corporation Investment Banking fees
Advisory (2)	$	888		$	679		$	483		$	405		$	262		$	328		$	333
Debt issuance	1,827			1,558			901			926			810			908			889
Equity issuance	543			420			231			312			183			261			232
Total investment banking fees including self-led deals	3,258			2,657			1,615			1,643			1,255			1,497			1,454
Self-led deals	(142		)	(96		)	(83		)	(59		)	(33		)	(39		)	(46		)
Total Investment Banking fees	$	3,116		$	2,561		$	1,532		$	1,584		$	1,222		$	1,458		$	1,408

⁽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.

Current period 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
	Six Months Ended June 30, 2017
	Global			U.S.
	Product Ranking	Market Share		Product Ranking	Market Share
Net investment banking revenue	3	6.4	%	3	8.8	%
Announced mergers and acquisitions	3	16.9		5	11.4
Equity capital markets	5	5.7		4	9.6
Debt capital markets	3	6.5		3	10.1
High-yield corporate debt	3	6.8		3	8.3
Leveraged loans	2	8.5		2	10.2
Mortgage-backed securities	2	12.1		3	12.9
Asset-backed securities	2	13.1		2	15.5
Convertible debt	4	5.2		2	11.3
Common stock underwriting	5	5.7		5	9.3
Investment-grade corporate debt	2	6.4		2	11.0
Syndicated loans	1	9.3		1	12.3

Source: Dealogic data as of July 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 revenue 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	Announced mergers and acquisitions
Asset-backed securities	Debt capital markets
U.S. top 3 rankings in:
High-yield corporate debt	Convertible debt
Leveraged loans	Investment-grade corporate debt
Mortgage-backed securities	Syndicated loans
Asset-backed securities	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, Announced mergers and acquisitions, Debt capital markets

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

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Net interest income (FTE basis)	$	1,913		$	2,272		$	864		$	1,049		$	1,167		$	1,119		$	1,088
Noninterest income:
Investment and brokerage services	1,052			1,093			521			531			518			490			525
Investment banking fees	1,255			1,097			589			666			554			645			603
Trading account profits	3,920			3,467			1,743			2,177			1,149			1,934			1,872
All other income	514			330			229			285			85			170			221
Total noninterest income	6,741			5,987			3,082			3,659			2,306			3,239			3,221
Total revenue, net of interest expense (FTE basis) (1)	8,654			8,259			3,946			4,708			3,473			4,358			4,309
Provision for credit losses	8			4			25			(17		)	8			19			(5		)
Noninterest expense	5,406			5,032			2,649			2,757			2,482			2,656			2,583
Income before income taxes (FTE basis)	3,240			3,223			1,272			1,968			983			1,683			1,731
Income tax expense (FTE basis)	1,113			1,138			442			671			325			609			618
Net income	$	2,127		$	2,085		$	830		$	1,297		$	658		$	1,074		$	1,113
Return on average allocated capital (2)	12		%	11		%	10		%	15		%	7		%	12		%	12		%
Efficiency ratio (FTE basis)	62.46			60.93			67.12			58.56			71.45			60.94			59.95
Balance Sheet
Average
Total trading-related assets (3)	$	437,545		$	409,473		$	452,563		$	422,359		$	417,184		$	415,417		$	411,285
Total loans and leases	69,850			69,452			69,638			70,064			70,615			69,043			69,620
Total earning assets (3)	443,321			420,506			456,589			429,906			430,601			422,636			422,815
Total assets	626,225			580,963			645,228			607,010			595,276			584,069			580,701
Total deposits	32,535			35,202			31,919			33,158			33,775			32,840			34,518
Allocated capital (2)	35,000			37,000			35,000			35,000			37,000			37,000			37,000
Period end
Total trading-related assets (3)	$	436,193		$	405,037		$	436,193		$	418,259		$	380,562		$	417,517		$	405,037
Total loans and leases	73,973			70,766			73,973			71,053			72,743			72,144			70,766
Total earning assets (3)	448,613			416,325			448,613			425,582			397,023			435,112			416,325
Total assets	633,193			577,428			633,193			604,015			566,060			595,165			577,428
Total deposits	33,363			33,506			33,363			33,629			34,927			31,692			33,506
Trading-related assets (average)
Trading account securities	$	212,767		$	182,989		$	221,569		$	203,866		$	188,729		$	185,785		$	178,047
Reverse repurchases	99,206			89,108			101,551			96,835			91,198			89,435			92,805
Securities borrowed	84,695			85,293			88,041			81,312			90,643			87,872			89,779
Derivative assets	40,877			52,083			41,402			40,346			46,614			52,325			50,654
Total trading-related assets (3)	$	437,545		$	409,473		$	452,563		$	422,359		$	417,184		$	415,417		$	411,285

⁽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.

Current period 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)
	Six Months Ended June 30				Second Quarter 2017		First Quarter 2017		Fourth Quarter 2016		Third Quarter 2016		Second Quarter 2016
	2017		2016
Sales and trading revenue (1)
Fixed income, currency and commodities	$	4,916	$	4,861	$	2,106	$	2,810	$	1,866	$	2,646	$	2,456
Equities	2,193		2,118		1,104		1,089		945		954		1,081
Total sales and trading revenue	$	7,109	$	6,979	$	3,210	$	3,899	$	2,811	$	3,600	$	3,537
Sales and trading revenue, excluding debit valuation adjustment (2)
Fixed income, currency and commodities	$	5,184	$	4,880	$	2,254	$	2,930	$	1,964	$	2,767	$	2,615
Equities	2,214		2,109		1,115		1,099		948		960		1,086
Total sales and trading revenue, excluding debit valuation adjustment	$	7,398	$	6,989	$	3,369	$	4,029	$	2,912	$	3,727	$	3,701
Sales and trading revenue breakdown
Net interest income	$	1,678	$	2,070	$	749	$	929	$	1,061	$	1,024	$	991
Commissions	1,038		1,076		514		524		510		485		517
Trading	3,919		3,466		1,743		2,176		1,147		1,934		1,871
Other	474		367		204		270		93		157		158
Total sales and trading revenue	$	7,109	$	6,979	$	3,210	$	3,899	$	2,811	$	3,600	$	3,537

⁽¹⁾  Includes Global Banking sales and trading revenue of $114 million and $280 million for the six months ended June 30, 2017 and 2016; $56 million and $58 million for the second and first quarters of 2017, and $68 million, $57 million and $120 million for the fourth, third and second quarters of 2016, respectively.

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

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

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Net interest income (FTE basis)	$	181		$	349		$	91		$	90		$	(57	)	$	157		$	218
Noninterest income:
Card income	70			99			28			42			45			46			54
Mortgage banking income	91			286			89			2			311			292			44
Gains on sales of debt securities	153			439			101			52			(1		)	51			249
All other income (loss)	289			(614		)	569			(280		)	(584		)	(134		)	(281		)
Total noninterest income	603			210			787			(184		)	(229		)	255			66
Total revenue, net of interest expense (FTE basis)	784			559			878			(94		)	(286		)	412			284
Provision for credit losses	(185		)	(79		)	(159		)	(26		)	(29		)	8			42
Noninterest expense	3,311			3,464			1,122			2,189			954			1,048			1,082
Loss before income taxes (FTE basis)	(2,342		)	(2,826		)	(85		)	(2,257		)	(1,211		)	(644		)	(840		)
Income tax expense (benefit) (FTE basis)	(1,325		)	(1,523		)	98			(1,423		)	(1,107		)	(463		)	(633		)
Net loss	$	(1,017	)	$	(1,303	)	$	(183	)	$	(834	)	$	(104	)	$	(181	)	$	(207	)
Balance Sheet
Average
Total loans and leases	$	91,250		$	114,803		$	87,667		$	94,873		$	100,171		$	105,298		$	111,553
Total assets (2)	205,729			257,744			204,055			207,423			230,392			246,492			256,791
Total deposits	25,811			27,610			26,320			25,297			27,218			27,541			28,461
Period end
Total loans and leases (3)	$	78,830		$	107,794		$	78,830		$	92,711		$	96,713		$	102,639		$	107,794
Total assets (4)	200,834			256,637			200,834			201,659			212,048			225,245			256,637
Total deposits	26,603			27,015			26,603			25,147			23,061			27,801			27,015

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

⁽²⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $521.9 billion and $496.5 billion for the six months ended June 30, 2017 and 2016; $521.8 billion, $522.0 billion, $506.5 billion, $500.4 billion and $499.5 billion for the second and first quarters of 2017, and the fourth, third, and second quarters of 2016.

⁽³⁾  Includes $9.5 billion and $9.2 billion of non-U.S. credit card loans, which were included in assets of business held for sale on the Consolidated Balance Sheetat March 31, 2017 and December 31, 2016. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

⁽⁴⁾  Includes elimination of segments' excess asset allocations to match liabilities (i.e., deposits) and allocated shareholders' equity of $517.7 billion, $543.4 billion, $518.7 billion, $508.5 billion and $492.3 billion at June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, respectively.

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

Current period 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)
	June 30 2017		March 31 2017			June 30 2016
Consumer
Residential mortgage (1)	$	197,446	$	193,843		$	185,943
Home equity	61,942		63,915			71,587
U.S. credit card	90,776		88,552			88,103
Non-U.S. credit card	—		9,505			9,380
Direct/Indirect consumer (2)	93,493		92,794			92,746
Other consumer (3)	2,658		2,539			2,284
Total consumer loans excluding loans accounted for under the fair value option	446,315		451,148			450,043
Consumer loans accounted for under the fair value option (4)	1,035		1,032			1,844
Total consumer	447,350		452,180			451,887
Commercial
U.S. commercial (5)	291,235		288,170			276,587
Commercial real estate (6)	59,177		57,849			57,612
Commercial lease financing	21,828		21,873			21,203
Non-U.S. commercial	90,786		89,179			89,048
Total commercial loans excluding loans accounted for under the fair value option	463,026		457,071			444,450
Commercial loans accounted for under the fair value option (4)	6,290		6,496			6,816
Total commercial	469,316		463,567			451,266
Less: Loans of business held for sale (7)	—		(9,505		)	—
Total loans and leases	$	916,666	$	906,242		$	903,153

⁽¹⁾  Includes pay option loans of $1.6 billion, $1.8 billion and $2.1 billion at June 30, 2017, March 31, 2017 and June 30, 2016, respectively. The Corporation no longer originates pay option loans.

⁽²⁾  Includes auto and specialty lending loans of $49.1 billion, $48.7 billion and $47.0 billion, unsecured consumer lending loans of $509 million, $530 million and $696 million, U.S. securities-based lending loans of $39.8 billion, $39.5 billion and $40.1 billion, non-U.S. consumer loans of $2.9 billion, $2.9 billion and $3.4 billion, student loans of $463 million, $479 million and $531 million and other consumer loans of $657 million, $644 million and $1.1 billion at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽³⁾  Includes consumer finance loans of $420 million, $441 million and $512 million, consumer leases of $2.1 billion, $2.0 billion and $1.6 billion and consumer overdrafts of $155 million, $124 million and $191 million at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽⁴⁾  Consumer loans accounted for under the fair value option were residential mortgage loans of $666 million, $694 million and $1.5 billion and home equity loans of $369 million, $338 million and $354 million at June 30, 2017, March 31, 2017 and June 30, 2016, respectively. Commercial loans accounted for under the fair value option were U.S. commercial loans of $3.2 billion, $3.5 billion and $2.7 billion and non-U.S. commercial loans of $3.1 billion, $3.0 billion and $4.1 billion at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽⁵⁾  Includes U.S. small business commercial loans, including card-related products, of $13.6 billion, $13.3 billion and $13.1 billion at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽⁶⁾  Includes U.S. commercial real estate loans of $55.6 billion, $54.7 billion and $54.3 billion and non-U.S. commercial real estate loans of $3.6 billion, $3.1 billion and $3.3 billion at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽⁷⁾  Includes non-U.S. credit card loans, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

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

Current period 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)
	Second Quarter 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	195,935	$	62,983	$	67,628	$	—	$	—	$	65,324
Home equity	63,332		42,675		4,563		1		351		15,742
U.S. credit card	89,464		86,519		2,945		—		—		—
Non-U.S. credit card (1)	6,494		—		—		—		—		6,494
Direct/Indirect consumer	93,146		49,319		43,352		—		—		475
Other consumer	2,629		2,190		6		—		—		433
Total consumer	451,000		243,686		118,494		1		351		88,468
Commercial
U.S. commercial	291,162		17,831		29,125		200,577		43,353		276
Commercial real estate	58,198		20		3,168		49,122		5,831		57
Commercial lease financing	21,649		—		3		22,634		164		(1,152		)
Non-U.S. commercial	92,708		—		22		72,729		19,939		18
Total commercial	463,717		17,851		32,318		345,062		69,287		(801		)
Total loans and leases	$	914,717	$	261,537	$	150,812	$	345,063	$	69,638	$	87,667
	First Quarter 2017
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	193,627	$	58,521	$	66,151	$	5	$	—	$	68,950
Home equity	65,508		43,785		4,754		1		343		16,625
U.S. credit card	89,628		86,677		2,951		—		—		—
Non-U.S. credit card (1)	9,367		—		—		—		—		9,367
Direct/Indirect consumer	93,291		49,448		43,351		—		—		492
Other consumer	2,547		2,086		4		—		—		457
Total consumer	453,968		240,517		117,211		6		343		95,891
Commercial
U.S. commercial	287,468		17,409		28,192		198,620		43,119		128
Commercial real estate	57,764		19		2,978		48,818		5,887		62
Commercial lease financing	22,123		—		3		23,152		189		(1,221		)
Non-U.S. commercial	92,821		—		21		72,261		20,526		13
Total commercial	460,176		17,428		31,194		342,851		69,721		(1,018		)
Total loans and leases	$	914,144	$	257,945	$	148,405	$	342,857	$	70,064	$	94,873
	Second Quarter 2016
	Total Corporation		Consumer Banking		GWIM		Global Banking		Global Markets		All  Other
Consumer
Residential mortgage	$	186,752	$	45,888	$	59,216	$	2	$	—	$	81,646
Home equity	73,141		47,795		5,276		1		347		19,722
U.S. credit card	86,705		83,692		3,012		—		—		1
Non-U.S. credit card	9,988		—		—		—		—		9,988
Direct/Indirect consumer	91,643		46,853		44,243		3		—		544
Other consumer	2,220		1,681		8		1		—		530
Total consumer	450,449		225,909		111,755		7		347		112,431
Commercial
U.S. commercial	276,640		16,989		26,878		190,273		42,180		320
Commercial real estate	57,772		22		2,506		49,120		6,026		98
Commercial lease financing	20,874		—		3		21,891		288		(1,308		)
Non-U.S. commercial	93,935		1		38		73,105		20,779		12
Total commercial	449,221		17,012		29,425		334,389		69,273		(878		)
Total loans and leases	$	899,670	$	242,921	$	141,180	$	334,396	$	69,620	$	111,553

⁽¹⁾  Represents, on an average basis, non-U.S. credit card loans, which were included in assets of business held for sale on the Consolidated Balance Sheet and in All Other at March 31, 2017. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

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

Current period 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
	June 30 2017		March 31 2017		June 30 2016		June 30 2017			March 31 2017			June 30 2016
Diversified financials	$	80,979	$	78,211	$	78,799	$	126,267		$	121,369		$	122,504
Real estate (5)	63,480		63,384		61,539		85,115			85,286			84,543
Retailing	42,841		41,548		39,934		74,396			67,003			63,589
Capital goods	34,373		34,234		34,866		66,302			64,304			63,171
Healthcare equipment and services	36,749		38,737		37,483		56,365			62,117			67,494
Government and public education	46,057		45,843		45,956		54,695			54,354			55,019
Materials	22,964		23,645		23,373		45,851			46,485			44,607
Banking	38,117		38,184		44,002		42,675			45,320			50,437
Food, beverage and tobacco	22,211		21,205		20,594		42,421			41,273			41,495
Consumer services	27,061		28,994		25,656		42,383			44,141			40,132
Energy	17,044		18,002		21,220		36,878			37,920			40,467
Commercial services and supplies	21,336		21,372		21,335		34,137			34,164			33,818
Transportation	20,917		19,645		20,117		28,886			27,609			27,392
Utilities	12,176		12,805		12,868		27,273			27,925			28,426
Media	13,195		13,156		13,137		24,911			25,492			25,101
Individuals and trusts	17,619		16,404		16,397		22,971			22,854			21,638
Pharmaceuticals and biotechnology	5,670		5,943		6,389		18,936			18,858			16,202
Software and services	9,164		9,540		7,990		18,361			19,084			18,380
Technology hardware and equipment	7,846		7,822		7,492		18,092			19,104			19,185
Telecommunication services	6,237		7,020		5,352		14,535			17,593			12,092
Consumer durables and apparel	6,400		5,965		5,635		12,161			11,185			10,390
Insurance, including monolines	6,049		6,724		5,395		11,938			13,779			10,670
Automobiles and components	5,391		5,744		5,414		11,546			13,111			12,447
Food and staples retailing	4,771		5,724		4,827		9,265			9,565			8,890
Religious and social organizations	4,259		4,732		4,619		6,071			6,419			6,373
Other	10,458		9,639		7,307		15,461			16,645			14,196
Total commercial credit exposure by industry	$	583,364	$	584,222	$	577,696	$	947,892		$	952,959		$	938,658
Net credit default protection purchased on total commitments (6)							$	(1,875	)	$	(3,099	)	$	(5,396	)

⁽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 $34.6 billion, $35.5 billion and $50.7 billion at June 30, 2017, March 31, 2017 and June 30, 2016, respectively. Not reflected in utilized and committed exposure is additional non-cash derivative collateral held of $25.5 billion, $24.8 billion and $24.5 billion which consists primarily of other marketable securities at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽²⁾  Total utilized and total committed exposure includes loans of $6.3 billion, $6.5 billion and $6.8 billion and issued letters of credit with a notional amount of $262 million, $308 million and $321 million accounted for under the fair value option at June 30, 2017, March 31, 2017 and June 30, 2016, respectively. In addition, total committed exposure includes unfunded loan commitments accounted for under the fair value option with a notional amount of $4.2 billion, $5.6 billion and $7.8 billion at June 30, 2017, March 31, 2017 and June 30, 2016, 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.

Current period 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)
	June 30 2017		March 31 2017
Less than or equal to one year	38	%	65	%
Greater than one year and less than or equal to five years	60		32
Greater than five years	2		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)
	June 30, 2017					March 31, 2017
Ratings (2, 3)	Net Notional (4)			Percent of Total		Net Notional (4)			Percent of Total
A	$	(115	)	6.1	%	$	(135	)	4.4	%
BBB	(585		)	31.2		(1,735		)	56.0
BB	(644		)	34.3		(723		)	23.3
B	(465		)	24.8		(416		)	13.4
CCC and below	(52		)	2.8		(67		)	2.2
NR (5)	(14		)	0.8		(23		)	0.7
Total net credit default protection	$	(1,875	)	100.0	%	$	(3,099	)	100.0	%

⁽¹⁾ To mitigate the cost of purchasing credit protection, credit exposure can be added by selling credit protection. The distribution of debt ratings 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.

Current period 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		Securities/ Other Investments (2)		Country Exposure at June 30 2017		Hedges and Credit Default Protection (3)			Net Country Exposure at June 30 2017 (4)		Increase (Decrease) from March 31 2017
United Kingdom	$	20,535	$	15,186	$	5,966	$	1,410	$	43,097	$	(4,527	)	$	38,570	$	(14,488	)
Germany	13,077		7,930		1,877		3,709		26,593		(3,360		)	23,233		(469		)
Canada	7,685		7,637		2,485		1,990		19,797		(817		)	18,980		2,329
Japan	9,599		558		2,030		3,207		15,394		(1,751		)	13,643		1,021
Brazil	8,217		363		1,254		2,924		12,758		(324		)	12,434		(676		)
France	4,516		5,603		2,230		4,618		16,967		(4,842		)	12,125		895
China	10,153		833		490		949		12,425		(387		)	12,038		877
Australia	5,664		2,922		453		1,782		10,821		(388		)	10,433		263
India	5,915		211		374		3,840		10,340		(856		)	9,484		611
Netherlands	4,591		3,600		718		2,322		11,231		(1,802		)	9,429		1,210
Hong Kong	7,136		144		605		765		8,650		(53		)	8,597		1,506
South Korea	4,861		496		1,052		2,159		8,568		(553		)	8,015		950
Singapore	2,885		352		1,112		2,264		6,613		(74		)	6,539		368
Mexico	3,716		1,364		230		896		6,206		(432		)	5,774		1,052
Switzerland	3,168		3,422		277		154		7,021		(1,532		)	5,489		(1,467		)
Italy	1,289		1,317		515		886		4,007		(1,176		)	2,831		(141		)
Spain	1,650		996		290		863		3,799		(1,026		)	2,773		553
Turkey	2,621		50		32		73		2,776		(207		)	2,569		(420		)
Belgium	1,031		688		119		796		2,634		(242		)	2,392		22
United Arab Emirates	1,968		111		284		2		2,365		(93		)	2,272		(403		)
Total top 20 non-U.S. countries exposure	$	120,277	$	53,783	$	22,393	$	35,609	$	232,062	$	(24,442	)	$	207,620	$	(6,407	)

⁽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⁾  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.

⁽³⁾  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.

⁽⁴⁾  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.

Current period 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)
	June 30 2017			March 31 2017			December 31 2016			September 30 2016			June 30 2016
Residential mortgage	$	2,579		$	2,729		$	3,056		$	3,341		$	3,592
Home equity	2,681			2,796			2,918			2,982			3,085
Direct/Indirect consumer	19			19			28			26			27
Other consumer	3			2			2			1			1
Total consumer	5,282			5,546			6,004			6,350			6,705
U.S. commercial	1,039			1,246			1,256			1,439			1,349
Commercial real estate	123			74			72			60			84
Commercial lease financing	28			37			36			35			13
Non-U.S. commercial	269			311			279			400			144
	1,459			1,668			1,643			1,934			1,590
U.S. small business commercial	61			60			60			65			69
Total commercial	1,520			1,728			1,703			1,999			1,659
Total nonperforming loans and leases	6,802			7,274			7,707			8,349			8,364
Foreclosed properties (1)	325			363			377			388			435
Total nonperforming loans, leases and foreclosed properties (2, 3, 4)	$	7,127		$	7,637		$	8,084		$	8,737		$	8,799
Fully-insured home loans past due 30 days or more and still accruing	$	4,970		$	5,531		$	6,397		$	6,844		$	7,478
Consumer credit card past due 30 days or more and still accruing (5)	1,550			1,717			1,725			1,584			1,517
Other loans past due 30 days or more and still accruing	3,428			4,170			4,894			3,093			2,994
Total loans past due 30 days or more and still accruing (3, 6, 7)	$	9,948		$	11,418		$	13,016		$	11,521		$	11,989
Fully-insured home loans past due 90 days or more and still accruing	$	3,699		$	4,226		$	4,793		$	5,117		$	5,659
Consumer credit card past due 90 days or more and still accruing (8)	772			872			848			767			762
Other loans past due 90 days or more and still accruing	199			270			246			166			180
Total loans past due 90 days or more and still accruing (3, 6, 7)	$	4,670		$	5,368		$	5,887		$	6,050		$	6,601
Nonperforming loans, leases and foreclosed properties/Total assets (9)	0.32		%	0.34		%	0.37		%	0.40		%	0.40		%
Nonperforming loans, leases and foreclosed properties/Total loans, leases and foreclosed properties (9)	0.78			0.84			0.89			0.97			0.98
Nonperforming loans and leases/Total loans and leases (9)	0.75			0.80			0.85			0.93			0.94
Commercial utilized reservable criticized exposure (10)	$	15,640		$	16,068		$	16,320		$	16,938		$	18,087
Commercial utilized reservable criticized exposure/Commercial utilized reservable exposure (10)	3.13		%	3.27		%	3.35		%	3.52		%	3.76		%
Total commercial utilized criticized exposure/Commercial utilized exposure (10)	3.14			3.19			3.24			3.38			3.72

⁽¹⁾  Foreclosed property balances do not include properties insured by certain government-guaranteed loans, principally FHA-insured loans, that entered foreclosure of $1.0 billion, $1.1 billion, $1.2 billion, $1.3 billion and $1.3 billion at June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, 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:	June 30 2017		March 31 2017		December 31 2016		September 30 2016		June 30 2016
Nonperforming loans held-for-sale	$	267	$	426	$	264	$	274	$	223
Nonperforming loans accounted for under the fair value option	79		95		132		293		302
Nonaccruing troubled debt restructured loans removed from the purchased credit-impaired portfolio prior to January 1, 2010	22		28		27		27		38

⁽⁵⁾  Includes $137 million and $130 million of non-U.S. credit card loans at March 31, 2017 and December 31, 2016, which were included in assets of business held for sale on the Consolidated Balance Sheet. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

⁽⁶⁾  Balances do not include loans held-for-sale past due 30 days or more and still accruing of $25 million, $137 million, $261 million, $18 million and $13 million at June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, respectively, and loans held-for-sale past due 90 days or more and still accruing of $82 million and $182 million at March 31, 2017 and December 31, 2016, and $0 for other periods presented. At June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, there were $37 million, $31 million, $38 million, $115 million and $117 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 $71 million and $66 million of non-U.S. credit card loans at March 31, 2017 and December 31, 2016, which were 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 $7.3 billion, $7.5 billion, $7.1 billion, $8.1 billion and $8.7 billion at June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, 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.

Current period 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)
	Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
Nonperforming Consumer Loans and Leases:
Balance, beginning of period	$	5,546		$	6,004		$	6,350		$	6,705		$	7,247
Additions to nonperforming loans and leases:
New nonperforming loans and leases	682			818			911			831			799
Reductions to nonperforming loans and leases:
Paydowns and payoffs	(170		)	(230		)	(190		)	(220		)	(252		)
Sales	(119		)	(142		)	(273		)	(237		)	(271		)
Returns to performing status (2)	(368		)	(386		)	(408		)	(383		)	(396		)
Charge-offs (3)	(259		)	(240		)	(269		)	(279		)	(334		)
Transfers to foreclosed properties	(53		)	(57		)	(62		)	(67		)	(88		)
Transfers (to) from loans held-for-sale	23			(221		)	(55		)	—			—
Total net reductions to nonperforming loans and leases	(264		)	(458		)	(346		)	(355		)	(542		)
Total nonperforming consumer loans and leases, end of period	5,282			5,546			6,004			6,350			6,705
Foreclosed properties	285			328			363			372			416
Nonperforming consumer loans, leases and foreclosed properties, end of period	$	5,567		$	5,874		$	6,367		$	6,722		$	7,121
Nonperforming Commercial Loans and Leases (4):
Balance, beginning of period	$	1,728		$	1,703		$	1,999		$	1,659		$	1,603
Additions to nonperforming loans and leases:
New nonperforming loans and leases	281			458			254			890			489
Advances	7			14			4			2			2
Reductions to nonperforming loans and leases:
Paydowns	(266		)	(267		)	(226		)	(267		)	(211		)
Sales	(33		)	(22		)	(152		)	(73		)	(87		)
Return to performing status (5)	(86		)	(54		)	(90		)	(101		)	(29		)
Charge-offs	(85		)	(82		)	(84		)	(102		)	(106		)
Transfers to foreclosed properties	(5		)	(22		)	(2		)	—			(2		)
Transfers to loans held-for-sale	(21		)	—			—			(9		)	—
Total net additions (reductions) to nonperforming loans and leases	(208		)	25			(296		)	340			56
Total nonperforming commercial loans and leases, end of period	1,520			1,728			1,703			1,999			1,659
Foreclosed properties	40			35			14			16			19
Nonperforming commercial loans, leases and foreclosed properties, end of period	$	1,560		$	1,763		$	1,717		$	2,015		$	1,678

⁽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.

Current period 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)
	Second Quarter 2017					First Quarter 2017					Fourth Quarter 2016				Third Quarter 2016					Second Quarter 2016
Net Charge-offs	Amount			Percent		Amount			Percent		Amount		Percent		Amount			Percent		Amount			Percent
Residential mortgage (3)	$	(19	)	(0.04	)%	$	17		0.04	%	$	2	—	%	$	4		0.01	%	$	34		0.07	%
Home equity	50			0.32		64			0.40		70		0.41		97			0.55		126			0.70
U.S. credit card	640			2.87		606			2.74		566		2.52		543			2.45		573			2.66
Non-U.S. credit card (4)	31			1.89		44			1.91		41		1.80		43			1.83		46			1.85
Direct/Indirect consumer	32			0.14		48			0.21		43		0.19		34			0.14		23			0.10
Other consumer	17			2.64		48			7.61		53		8.57		57			9.74		47			8.40
Total consumer	751			0.67		827			0.74		775		0.68		778			0.69		849			0.76
U.S. commercial (5)	52			0.08		44			0.06		29		0.04		62			0.10		28			0.04
Commercial real estate	5			0.03		(4		)	(0.03	)	—		—		(23		)	(0.16	)	(2		)	(0.01	)
Commercial lease financing	1			0.01		—			—		2		0.05		6			0.11		15			0.30
Non-U.S. commercial	46			0.21		15			0.07		23		0.10		10			0.04		45			0.20
	104			0.09		55			0.05		54		0.05		55			0.05		86			0.08
U.S. small business commercial	53			1.60		52			1.61		51		1.55		55			1.67		50			1.55
Total commercial	157			0.14		107			0.10		105		0.09		110			0.10		136			0.12
Total net charge-offs	$	908		0.40		$	934		0.42		$	880	0.39		$	888		0.40		$	985		0.44
By Business Segment and All Other
Consumer Banking	$	791		1.21	%	$	772		1.21	%	$	732	1.15	%	$	710		1.14	%	$	715		1.18	%
Global Wealth & Investment Management	8			0.02		21			0.06		17		0.05		12			0.03		14			0.04
Global Banking	98			0.11		51			0.06		50		0.06		57			0.07		80			0.10
Global Markets	1			0.01		—			—		—		—		4			0.02		5			0.03
All Other (4)	10			0.05		90			0.39		81		0.33		105			0.41		171			0.63
Total net charge-offs	$	908		0.40		$	934		0.42		$	880	0.39		$	888		0.40		$	985		0.44

⁽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 0.41, 0.42, 0.39, 0.40 and 0.45 for the three months ended June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, respectively.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $55 million, $33 million, $70 million, $83 million and $82 million for the three months ended June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, respectively. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.43, 0.43, 0.42, 0.43 and 0.48 for the three months ended June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, respectively.

⁽³⁾  Includes nonperforming loan sales recoveries of $3 million, $11 million, $9 million, $7 million and $0 for the three months ended June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016, respectively.

⁽⁴⁾  Represents net charge-offs of non-U.S. credit card loans recorded in All Other, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017 and December 31, 2016. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

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

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

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

Bank of America Corporation and Subsidiaries
Year-to-Date Net Charge-offs and Net Charge-off Ratios (1, 2)
(Dollars in millions)
	Six Months Ended June 30
	2017					2016
Net Charge-offs	Amount			Percent		Amount			Percent
Residential mortgage (3)	$	(2	)	—	%	$	125		0.14	%
Home equity	114			0.36		238			0.65
U.S. credit card	1,246			2.81		1,160			2.68
Non-U.S. credit card (4)	75			1.90		91			1.85
Direct/Indirect consumer	80			0.17		57			0.13
Other consumer	65			5.08		95			8.73
Total consumer	1,578			0.71		1,766			0.79
U.S. commercial (5)	96			0.07		93			0.07
Commercial real estate	1			—		(8		)	(0.03	)
Commercial lease financing	1			0.01		13			0.13
Non-U.S. commercial	61			0.14		87			0.19
	159			0.07		185			0.09
U.S. small business commercial	105			1.60		102			1.59
Total commercial	264			0.12		287			0.13
Total net charge-offs	$	1,842		0.41		$	2,053		0.46
By Business Segment and All Other
Consumer Banking	$	1,563		1.21	%	$	1,454		1.22	%
Global Wealth & Investment Management	29			0.04		19			0.03
Global Banking	149			0.09		184			0.11
Global Markets	1			—		5			0.01
All Other (4)	100			0.22		391			0.70
Total net charge-offs	$	1,842		0.41		$	2,053		0.46

⁽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 0.42 and 0.47 for the six months ended June 30, 2017 and 2016.

⁽²⁾  Excludes write-offs of purchased credit-impaired loans of $88 million and $187 million for the six months ended June 30, 2017 and 2016. Including the write-offs of purchased credit-impaired loans, total annualized net charge-offs and purchased credit-impaired write-offs as a percentage of total average loans and leases outstanding were 0.43 and 0.51 for the six months ended June 30, 2017 and 2016.

⁽³⁾  Includes nonperforming loan sales charge-offs (recoveries) of $(14) million and $42 million for the six months ended June 30, 2017 and 2016.

⁽⁴⁾  Represents net charge-offs of non-U.S. credit card loans recorded in All Other, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

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

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

Current period 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)
	June 30, 2017						March 31, 2017							June 30, 2016
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	$	901	8.28	%	0.46	%	$	1,018		8.97	%	0.53	%	$	1,192	10.07	%	0.64	%
Home equity	1,408		12.95		2.27		1,547			13.62		2.42		2,017		17.04		2.82
U.S. credit card	3,063		28.17		3.37		3,003			26.45		3.39		2,806		23.71		3.18
Non-U.S.credit card	—		—		—		242			2.13		2.54		256		2.16		2.73
Direct/Indirect consumer	273		2.51		0.29		276			2.43		0.30		224		1.89		0.24
Other consumer	50		0.46		1.84		50			0.44		2.00		48		0.41		2.11
Total consumer	5,695		52.37		1.28		6,136			54.04		1.36		6,543		55.28		1.45
U.S. commercial (3)	3,250		29.89		1.12		3,306			29.12		1.15		3,441		29.07		1.24
Commercial real estate	949		8.73		1.60		927			8.16		1.60		919		7.76		1.60
Commercial lease financing	151		1.38		0.69		135			1.19		0.62		145		1.22		0.68
Non-U.S.commercial	830		7.63		0.91		850			7.49		0.95		789		6.67		0.89
Total commercial (4)	5,180		47.63		1.12		5,218			45.96		1.14		5,294		44.72		1.19
Allowance for loan and lease losses	10,875		100.00	%	1.20		11,354			100.00	%	1.25		11,837		100.00	%	1.32
Less: Allowance included in assets of business held for sale (5)	—						(242		)					—
Total allowance for loan and lease losses	10,875						11,112							11,837
Reserve for unfunded lending commitments	757						757							750
Allowance for credit losses	$	11,632					$	11,869						$	12,587
Asset Quality Indicators(5)
Allowance for loan and lease losses/Total loans and leases (2)			1.20	%						1.25	%					1.32	%
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)			1.17							1.22						1.29
Allowance for loan and lease losses/Total nonperforming loans and leases (7)			160							156						142
Allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Total nonperforming loans and leases (6)			154							150						135
Ratio of the allowance for loan and lease losses/Annualized net charge-offs (8)			2.99							3.00						2.99
Ratio of the allowance for loan and lease losses (excluding the valuation allowance for purchased credit-impaired loans)/Annualized net charge-offs (6, 8)			2.88							2.88						2.85
Ratio of the allowance for loan and lease losses/Annualized net charge-offs and purchased credit-impaired write-offs			2.82							2.90						2.76

⁽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 $666 million, $694 million and $1.5 billion and home equity loans of $369 million, $338 million and $354 million at June 30, 2017, March 31, 2017 and June 30, 2016, respectively. Commercial loans accounted for under the fair value option included U.S. commercial loans of $3.2 billion, $3.5 billion and $2.7 billion and non-U.S. commercial loans of $3.1 billion, $3.0 billion and $4.1 billion at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽²⁾  Total loans and leases do not include loans accounted for under the fair value option of $7.3 billion, $7.5 billion and $8.7 billion at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽³⁾  Includes allowance for loan and lease losses for U.S. small business commercial loans of $417 million, $415 million and $466 million at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽⁴⁾  Includes allowance for loan and lease losses for impaired commercial loans of $242 million, $274 million and $238 million at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽⁵⁾  Indicators include $242 million of non-U.S. credit card allowance and $9.5 billion of non-U.S. credit card loans, which were included in assets of business held for sale on the Consolidated Balance Sheet at March 31, 2017. During the second quarter of 2017, the Corporation completed the sale of its non-U.S. consumer credit card business to a third party.

⁽⁶⁾  Excludes valuation allowance on purchased credit-impaired loans of $375 million, $454 million and $528 million at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽⁷⁾  Allowance for loan and lease losses includes $3.8 billion, $4.0 billion and $4.1 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 June 30, 2017, March 31, 2017 and June 30, 2016, respectively. Excluding these amounts, allowance for loan and lease losses as a percentage of total nonperforming loans and leases was 104 percent, 100 percent and 93 percent at June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

⁽⁸⁾  Net charge-offs exclude $55 million, $33 million and $82 million of write-offs in the purchased credit-impaired loan portfolio for the three months ended June 30, 2017, March 31, 2017 and June 30, 2016, respectively.

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

Current period 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, on a fully taxable-equivalent basis 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 six months ended June 30, 2017 and 2016 and the three months ended June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016 and June 30, 2016. 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.

	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis
Net interest income	$	22,044		$	20,603		$	10,986		$	11,058		$	10,292		$	10,201		$	10,118
Fully taxable-equivalent adjustment	434			438			237			197			234			228			223
Net interest income on a fully taxable-equivalent basis	$	22,478		$	21,041		$	11,223		$	11,255		$	10,526		$	10,429		$	10,341
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	$	45,077		$	42,076		$	22,829		$	22,248		$	19,990		$	21,635		$	21,286
Fully taxable-equivalent adjustment	434			438			237			197			234			228			223
Total revenue, net of interest expense on a fully taxable-equivalent basis	$	45,511		$	42,514		$	23,066		$	22,445		$	20,224		$	21,863		$	21,509
Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis
Income tax expense	$	4,817		$	3,539		$	3,108		$	1,709		$	1,359		$	2,349		$	2,034
Fully taxable-equivalent adjustment	434			438			237			197			234			228			223
Income tax expense on a fully taxable-equivalent basis	$	5,251		$	3,977		$	3,345		$	1,906		$	1,593		$	2,577		$	2,257
Reconciliation of average common shareholders' equity to average tangible common shareholders' equity
Common shareholders' equity	$	244,452		$	238,803		$	246,003		$	242,883		$	245,139		$	243,679		$	240,376
Goodwill	(69,616		)	(69,756		)	(69,489		)	(69,744		)	(69,745		)	(69,744		)	(69,751		)
Intangible assets (excluding mortgage servicing rights)	(2,833		)	(3,584		)	(2,743		)	(2,923		)	(3,091		)	(3,276		)	(3,480		)
Related deferred tax liabilities	1,522			1,684			1,506			1,539			1,580			1,628			1,662
Tangible common shareholders' equity	$	173,525		$	167,147		$	175,277		$	171,755		$	173,883		$	172,287		$	168,807
Reconciliation of average shareholders' equity to average tangible shareholders' equity
Shareholders' equity	$	269,672		$	262,889		$	271,223		$	268,103		$	270,360		$	268,899		$	265,354
Goodwill	(69,616		)	(69,756		)	(69,489		)	(69,744		)	(69,745		)	(69,744		)	(69,751		)
Intangible assets (excluding mortgage servicing rights)	(2,833		)	(3,584		)	(2,743		)	(2,923		)	(3,091		)	(3,276		)	(3,480		)
Related deferred tax liabilities	1,522			1,684			1,506			1,539			1,580			1,628			1,662
Tangible shareholders' equity	$	198,745		$	191,233		$	200,497		$	196,975		$	199,104		$	197,507		$	193,785

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

Current period 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)
	Six Months Ended June 30						Second Quarter 2017			First Quarter 2017			Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016
	2017			2016
Reconciliation of period-end common shareholders' equity to period-end tangible common shareholders' equity
Common shareholders' equity	$	245,767		$	242,206		$	245,767		$	242,933		$	241,620		$	244,863		$	242,206
Goodwill	(68,969		)	(69,744		)	(68,969		)	(69,744		)	(69,744		)	(69,744		)	(69,744		)
Intangible assets (excluding mortgage servicing rights)	(2,610		)	(3,352		)	(2,610		)	(2,827		)	(2,989		)	(3,168		)	(3,352		)
Related deferred tax liabilities	1,471			1,637			1,471			1,513			1,545			1,588			1,637
Tangible common shareholders' equity	$	175,659		$	170,747		$	175,659		$	171,875		$	170,432		$	173,539		$	170,747
Reconciliation of period-end shareholders' equity to period-end tangible shareholders' equity
Shareholders' equity	$	270,987		$	267,426		$	270,987		$	268,153		$	266,840		$	270,083		$	267,426
Goodwill	(68,969		)	(69,744		)	(68,969		)	(69,744		)	(69,744		)	(69,744		)	(69,744		)
Intangible assets (excluding mortgage servicing rights)	(2,610		)	(3,352		)	(2,610		)	(2,827		)	(2,989		)	(3,168		)	(3,352		)
Related deferred tax liabilities	1,471			1,637			1,471			1,513			1,545			1,588			1,637
Tangible shareholders' equity	$	200,879		$	195,967		$	200,879		$	197,095		$	195,652		$	198,759		$	195,967
Reconciliation of period-end assets to period-end tangible assets
Assets	$	2,254,529		$	2,186,966		$	2,254,529		$	2,247,701		$	2,187,702		$	2,195,314		$	2,186,966
Goodwill	(68,969		)	(69,744		)	(68,969		)	(69,744		)	(69,744		)	(69,744		)	(69,744		)
Intangible assets (excluding mortgage servicing rights)	(2,610		)	(3,352		)	(2,610		)	(2,827		)	(2,989		)	(3,168		)	(3,352		)
Related deferred tax liabilities	1,471			1,637			1,471			1,513			1,545			1,588			1,637
Tangible assets	$	2,184,421		$	2,115,507		$	2,184,421		$	2,176,643		$	2,116,514		$	2,123,990		$	2,115,507

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

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