Common stock, par value (in dollars per share)

  
Bank of America Corporation and Subsidiaries

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| Consolidated Balance Sheet |
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|  |  | September 302022 |  | December 312021 |
| (Dollars in millions) |  |
| Assets |  |  |  |
| Cash and due from banks | $ | 27,802  |  |  | $ | 29,222  |  |
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | 177,174  |  |  | 318,999  |  |
| Cash and cash equivalents | 204,976  |  |  | 348,221  |  |
| Time deposits placed and other short-term investments | 7,449  |  |  | 7,144  |  |
| Federal funds sold and securities borrowed or purchased under agreements to resell    (includes $165,521 and $150,665 measured at fair value) | 275,247  |  |  | 250,720  |  |
| Trading account assets (includes $112,374 and $103,434 pledged as collateral) | 293,458  |  |  | 247,080  |  |
| Derivative assets | 71,956  |  |  | 35,344  |  |
| Debt securities: |   |  |  |
| Carried at fair value | 236,245  |  |  | 308,073  |  |
| Held-to-maturity, at cost (fair value – $527,553 and $665,890) | 643,713  |  |  | 674,554  |  |
| Total debt securities | 879,958  |  |  | 982,627  |  |
| Loans and leases (includes $4,851 and $7,819 measured at fair value) | 1,032,466  |  |  | 979,124  |  |
| Allowance for loan and lease losses | (12,302) |  |  | (12,387) |  |
| Loans and leases, net of allowance | 1,020,164  |  |  | 966,737  |  |
| Premises and equipment, net | 11,117  |  |  | 10,833  |  |
| Goodwill | 69,022  |  |  | 69,022  |  |
| Loans held-for-sale (includes $2,395 and $4,455 measured at fair value) | 7,629  |  |  | 15,635  |  |
| Customer and other receivables | 76,211  |  |  | 72,263  |  |
| Other assets (includes $7,326 and $12,144 measured at fair value) | 155,766  |  |  | 163,869  |  |
| Total assets | $ | 3,072,953  |  |  | $ | 3,169,495  |  |
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| Liabilities |   |  |   |
| Deposits in U.S. offices: |   |  |   |
| Noninterest-bearing | $ | 696,976  |  |  | $ | 784,189  |  |
| Interest-bearing (includes $453 and $408 measured at fair value) | 1,143,317  |  |  | 1,165,914  |  |
| Deposits in non-U.S. offices: |  |  |  |
| Noninterest-bearing | 21,630  |  |  | 27,457  |  |
| Interest-bearing | 76,174  |  |  | 86,886  |  |
| Total deposits | 1,938,097  |  |  | 2,064,446  |  |
| Federal funds purchased and securities loaned or sold under agreements to repurchase    (includes $165,390 and $139,641 measured at fair value) | 215,627  |  |  | 192,329  |  |
| Trading account liabilities | 84,768  |  |  | 100,690  |  |
| Derivative liabilities | 50,156  |  |  | 37,675  |  |
| Short-term borrowings (includes $1,993 and $4,279 measured at fair value) | 21,044  |  |  | 23,753  |  |
| Accrued expenses and other liabilities (includes $6,764 and $11,489 measured at fair value   and $1,515 and $1,456 of reserve for unfunded lending commitments) | 224,615  |  |  | 200,419  |  |
| Long-term debt (includes $27,531 and $29,708 measured at fair value) | 269,122  |  |  | 280,117  |  |
| Total liabilities | 2,803,429  |  |  | 2,899,429  |  |
| Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities   and Note 10 – Commitments and Contingencies) |  |  |  |
| Shareholders’ equity |   |  |  |
| Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 4,117,652 and 3,939,686 shares | 29,134  |  |  | 24,708  |  |
| Common stock and additional paid-in capital, $0.01  par value; authorized – 12,800,000,000 shares;   issued and outstanding – 8,024,450,244 and 8,077,831,463 shares | 59,460  |  |  | 62,398  |  |
| Retained earnings | 201,957  |  |  | 188,064  |  |
| Accumulated other comprehensive income (loss) | (21,027) |  |  | (5,104) |  |
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| Total shareholders’ equity | 269,524  |  |  | 270,066  |  |
| Total liabilities and shareholders’ equity | $ | 3,072,953  |  |  | $ | 3,169,495  |  |
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|  | Assets of consolidated variable interest entities included in total assets above (isolated to settle the liabilities of the variable interest entities) |  |  |  |
|  | Trading account assets | $ | 2,794  |  |  | $ | 5,004  |  |
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|  | Loans and leases | 16,073  |  |  | 17,135  |  |
|  | Allowance for loan and lease losses | (802) |  |  | (958) |  |
|  | Loans and leases, net of allowance | 15,271  |  |  | 16,177  |  |
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|  | All other assets | 93  |  |  | 189  |  |
|  | Total assets of consolidated variable interest entities | $ | 18,158  |  |  | $ | 21,370  |  |
|  | Liabilities of consolidated variable interest entities included in total liabilities above |   |  |   |
|  | Short-term borrowings (includes $33 and $51 of non-recourse short-term borrowings) | $ | 82  |  |  | $ | 247  |  |
|  | Long-term debt (includes $3,240 and $3,587 of non-recourse debt) | 3,240  |  |  | 3,587  |  |
|  | All other liabilities (includes $9 and $7 of non-recourse liabilities) | 9  |  |  | 7  |  |
|  | Total liabilities of consolidated variable interest entities | $ | 3,331  |  |  | $ | 3,841  |  |

 See accompanying Notes to Consolidated Financial Statements.

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|  |  | Bank of America  50 |


