Transactions processed by sponsored entities

  


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| Credit Extension Commitments |  |  |  |  |  |  |  |  |  |
|  |  |
|  | Expire in OneYear or Less |  | Expire After OneYear ThroughThree Years |  | Expire After Three Years Through Five Years |  | Expire After Five Years |  | Total |
| (Dollars in millions) | September 30, 2022 |
| Notional amount of credit extension commitments |   |  |   |  |   |  |   |  |   |
| Loan commitments (1) | $ | 108,780  |  |  | $ | 159,380  |  |  | $ | 210,765  |  |  | $ | 20,174  |  |  | $ | 499,099  |  |
| Home equity lines of credit | 1,285  |  |  | 6,643  |  |  | 11,310  |  |  | 22,120  |  |  | 41,358  |  |
| Standby letters of credit and financial guarantees (2) | 23,186  |  |  | 10,561  |  |  | 2,762  |  |  | 449  |  |  | 36,958  |  |
| Letters of credit | 946  |  |  | 70  |  |  | 37  |  |  | 49  |  |  | 1,102  |  |
| Other commitments (3) | 25  |  |  | 65  |  |  | 43  |  |  | 1,161  |  |  | 1,294  |  |
| Legally binding commitments | 134,222  |  |  | 176,719  |  |  | 224,917  |  |  | 43,953  |  |  | 579,811  |  |
| Credit card lines (4) | 426,749  |  |  | —  |  |  | —  |  |  | —  |  |  | 426,749  |  |
| Total credit extension commitments | $ | 560,971  |  |  | $ | 176,719  |  |  | $ | 224,917  |  |  | $ | 43,953  |  |  | $ | 1,006,560  |  |
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|   | December 31, 2021 |
| Notional amount of credit extension commitments |   |  |   |  |   |  |   |  |   |
| Loan commitments (1) | $ | 102,464  |  |  | $ | 190,687  |  |  | $ | 174,978  |  |  | $ | 26,635  |  |  | $ | 494,764  |  |
| Home equity lines of credit | 890  |  |  | 5,097  |  |  | 10,268  |  |  | 24,276  |  |  | 40,531  |  |
| Standby letters of credit and financial guarantees (2) | 22,359  |  |  | 10,742  |  |  | 2,017  |  |  | 422  |  |  | 35,540  |  |
| Letters of credit | 1,145  |  |  | 124  |  |  | 56  |  |  | 98  |  |  | 1,423  |  |
| Other commitments (3) | 18  |  |  | 59  |  |  | 81  |  |  | 1,233  |  |  | 1,391  |  |
| Legally binding commitments | 126,876  |  |  | 206,709  |  |  | 187,400  |  |  | 52,664  |  |  | 573,649  |  |
| Credit card lines (4) | 406,169  |  |  | —  |  |  | —  |  |  | —  |  |  | 406,169  |  |
| Total credit extension commitments | $ | 533,045  |  |  | $ | 206,709  |  |  | $ | 187,400  |  |  | $ | 52,664  |  |  | $ | 979,818  |  |

(1)     At September 30, 2022 and December 31, 2021, $3.2 billion and $4.6 billion of these loan commitments were held in the form of a security. (2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $26.4 billion and $10.1 billion at September 30, 2022, and $26.3 billion and $8.7 billion at December 31, 2021. Amounts in the table include consumer SBLCs of $534 million and $512 million at September 30, 2022 and December 31, 2021.(3)     Primarily includes second-loss positions on lease-end residual value guarantees. (4)     Includes business card unused lines of credit. Other CommitmentsAt September 30, 2022 and December 31, 2021, the Corporation had commitments to purchase loans (e.g., residential mortgage and commercial real estate) of $655 million and $181 million, which upon settlement will be included in trading account assets, loans or LHFS, and commitments to purchase commercial loans of $395 million and $518 million, which upon settlement will be included in trading account assets.At September 30, 2022 and December 31, 2021, the Corporation had commitments to purchase commodities, primarily liquefied natural gas, of $253 million and $949 million, which upon settlement will be included in trading account assets. At September 30, 2022 and December 31, 2021, the Corporation had commitments to enter into resale and forward-dated resale and securities borrowing agreements of $89.5 billion and $92.0 billion, and commitments to enter into forward-dated repurchase and securities lending agreements of $70.1 billion and $32.6 billion. These commitments generally expire within the next 12 months.At September 30, 2022 and December 31, 2021, the Corporation had a commitment to originate or purchase up to $3.7 billion and $4.0 billion on a rolling 12-month basis, of auto loans and leases from a strategic partner. This commitment extends through November 2026 and can be terminated with 12 months prior notice. At September 30, 2022 and December 31, 2021, the Corporation had unfunded equity investment commitments of $720 million and $395 million. Other GuaranteesBank-owned Life Insurance Book Value ProtectionThe Corporation sells products that offer book value protection to insurance carriers who offer group life insurance policies to corporations, primarily banks. At September 30, 2022 and December 31, 2021, the notional amount of these guarantees totaled $4.4 billion and $6.3 billion. At September 30, 2022 and December 31, 2021, the Corporation’s maximum exposure related to these guarantees totaled $650 million and $928 million, with estimated maturity dates between 2033 and 2039. Merchant ServicesThe Corporation in its role as merchant acquirer or as a sponsor of other merchant acquirers may be held liable for any reversed charges that cannot be collected from the merchants, due to, among other things, merchant fraud or insolvency. If charges are properly reversed after a purchase and cannot be collected from either the merchants or merchant acquirers, the Corporation may be held liable for these reversed charges. The ability to reverse a charge is primarily governed by the applicable payment network rules and regulations, which include, but are not limited to, the type of charge, type of payment used and time limits. The total amount of transactions subject to reversal under payment network rules and regulations processed for the preceding six-month period, which was approximately $509 billion, is an estimate of the Corporation’s maximum potential exposure as of September 30, 2022. The Corporation’s risk in this area primarily relates to circumstances where a cardholder has purchased goods or services for future delivery. The Corporation mitigates this risk by requiring cash deposits, guarantees, letters of credit or other types of collateral from certain merchants. The Corporation’s reserves for contingent losses and the losses incurred related to the merchant processing activity were not significant. Representations and Warranties Obligations and Corporate GuaranteesFor more information on representations and warranties obligations and corporate guarantees, see Note 12 – Commitments and Contingencies to the Consolidated Financial 

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| 83 Bank of America |  |  |


