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Resolution Plan) Tj ET Q BT /F2 20.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.44313725490196076 0.4392156862745098 0.45098039215686275 rg BT 72.00 569.00 Td (Public Executive Summary) Tj ET Q BT /F2 20.00 Tf ET q 0.44313725490196076 0.4392156862745098 0.45098039215686275 rg BT 72.00 545.00 Td (October 1, 2013) Tj ET Q /GS0 gs q 468.00 0 0 358.25 72.00 133.75 cm /I1 Do Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 709.45 Td (Wher) Tj ET Q q 0 0 0 rg BT 91.41 709.45 Td (e you can find mor) Tj ET Q q 0 0 0 rg BT 155.26 709.45 Td (e information:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 694.70 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 99.11 694.70 Td (America Corporation \(“the Company”\) files annual, quarterly) Tj ET Q q 0 0 0 rg BT 296.07 694.70 Td (, and special reports, proxy statements, and other information with the SEC, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 685.10 Td (including reports that are filed under Sections 13\(a\), 13\(c\), 14, and 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 393.90 685.10 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 435.67 685.10 Td (Any document that is filed with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 675.50 Td (the SEC at the Public Reference Room of the SEC at 100 F Street, N.E., Room 1580, ) Tj ET Q q 0 0 0 rg BT 346.48 675.50 Td (W) Tj ET Q q 0 0 0 rg BT 353.39 675.50 Td (ashington, D.C. 20549 may be read and copied. ) Tj ET Q q 0 0 0 rg BT 507.44 675.50 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 665.90 Td (filings may be inspected over the Internet at the SEC's website, ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 276.0546875 664.83359375 m 318.822265625 664.83359375 l s q 0 0 1 rg BT 276.05 665.90 Td (www) Tj ET Q q 0 0 1 rg BT 292.87 665.90 Td (.sec.gov) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 318.56 665.90 Td (. ) Tj ET Q q 0 0 0 rg BT 322.42 665.90 Td (The reports and other information filed by the Company with the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 656.30 Td (SEC also are available at its website, ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 191.96484375 655.23359375 m 274.078125 655.23359375 l s q 0 0 1 rg BT 191.96 656.30 Td (www) Tj ET Q q 0 0 1 rg BT 208.78 656.30 Td (.bankofamerica.com) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 274.08 656.30 Td (, and a copy of any filings referred to above \(excluding exhibits\), may be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 646.70 Td (requested, at no cost, by contacting the Company at the following address: ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.30 631.95 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 285.41 631.95 Td (America Corporation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.65 622.35 Td (Fixed Income Investor Relations ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.75 612.75 Td (100 North ) Tj ET Q q 0 0 0 rg BT 303.27 612.75 Td (T) Tj ET Q q 0 0 0 rg BT 307.88 612.75 Td (ryon Street ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.65 603.15 Td (Charlotte, North Carolina 28255-0065 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.00 593.55 Td (1-866-607-1234 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 578.80 Td (Except as specifically incorporated by reference into this document, information contained in those filings is not part of this document. Certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 569.20 Td (information in this document has been extracted from the Company's ) Tj ET Q q 0 0 0 rg BT 294.72 569.20 Td (Annual Report on Form 10-K for the year ended December 31, 2012 \(the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 559.60 Td (“2012 Form 10-K”\) and the) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 160.87 559.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 162.87 559.60 Td (Quarterly Report for the period ended June 30, 2013 \(the “Second Quarter Form 10-Q”\) filed with the SEC. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 550.00 Td (Information contained in reports and other filings the Company makes or had made with the SEC subsequent to the date of the 2012 Form 10-K ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 540.40 Td (and Second Quarter Form 10-Q may modify or update and supersede the information contained in the 2012 Form 10-K, the Second Quarter Form ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 530.80 Td (10-Q and provided in this document. It should be assumed that the information appearing in this document that was extracted from the 2012 Form ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 521.20 Td (10-K is accurate only as of the date of the 2012 Form 10-K and that the information appearing in this document that was extracted from the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 511.60 Td (Second Quarter Form 10-Q is accurate only as of the date of the Second Quarter Form 10-Q. Business, financial position and results of operations ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 502.00 Td (may have changed since those dates.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 487.25 Td (Forward Looking Statements:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 472.50 Td (This document, or as incorporated by reference, may constitute “forward-looking statements” within the meaning of Section 27A) Tj ET Q q 0 0 0 rg BT 485.21 472.50 Td ( of the Securities ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 462.90 Td (Act of 1933 and Section 21E of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 253.73 462.90 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 295.80 462.90 Td (These statements can be found by looking for words such as “plan,” ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 453.30 Td (“believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” “potential,” “possible,” or other similar expressions, or future or conditional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 443.70 Td (verbs such as “will,” “should,” “would,” and “could.” ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 428.95 Td (All forward-looking statements, by their nature, are subject to risks and uncertainties. ) Tj ET Q q 0 0 0 rg BT 346.81 428.95 Td (Actual results may dif) Tj ET Q q 0 0 0 rg BT 417.54 428.95 Td (fer materially from those set forth in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 419.35 Td (the forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 175.53 419.35 Td (As a lar) Tj ET Q q 0 0 0 rg BT 200.27 419.35 Td (ge, international financial services company) Tj ET Q q 0 0 0 rg BT 340.80 419.35 Td (, the Company faces risks that are inherent in the businesses ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 409.75 Td (and market places in which it operates. Information regarding important factors that could cause its future financial performance to vary from that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 400.15 Td (described in our forward-looking statements is contained in the) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 274.17 400.15 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 276.17 400.15 Td (2012 Form 10-K and the Second Quarter Form 10-Q) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 445.03 400.15 Td (,) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 447.03 400.15 Td ( as well as in subsequent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 390.55 Td (filings made with the SEC. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 375.80 Td (Reliance should not be placed on any forward-looking statements, which speak only as of the dates they are made. Except to the extent required ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 366.20 Td (by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect events or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 356.60 Td (circumstances after the date of this document or to reflect the occurrence of unanticipated events. ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I2 Do Q endstream endobj 7 0 obj <><><><><><><><><><><><>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (3) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 668.15 Td (T) Tj ET Q q 0 0 0 rg BT 78.90 668.15 Td (able of Contents ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 635.70 Td (Introduction and Summary of Resolution Strategy) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 621.70 Td (Names of Material Entities) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 607.70 Td (Description of Business Segments) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 593.70 Td (Summary Financial Information Regarding Assets, Liabilities, Capital and Major Funding) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 582.70 Td (Sources) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 569.70 Td (Description of Derivatives and Hedging Activities) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 555.70 Td (Memberships in Material Payment, Clearing and Settlement Systems) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 541.70 Td (Descriptions of Foreign Operations) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 527.70 Td (Material Supervisory Authorities) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 513.70 Td (Principal Officers) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 499.70 Td (Corporate Governance Structure and Processes Related to Resolution Planning) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 485.70 Td (Description of Material Management Information Systems) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 471.70 Td (High-level Description of Resolution) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I3 Do Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 530.50 635.70 Td (4) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 530.50 621.70 Td (7) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 530.50 607.70 Td (9) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.60 584.55 Td (1) Tj ET Q q 0 0 0 rg BT 530.49 584.55 Td (1) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.00 569.70 Td (18) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.00 555.70 Td (21) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.00 541.70 Td (24) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.00 527.70 Td (26) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.00 513.70 Td (28) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.00 499.70 Td (29) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.00 485.70 Td (30) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 525.00 471.70 Td (31) Tj ET Q BT /F1 9.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (4) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (INTRODUCTION ) Tj ET Q q 0 0 0 rg BT 186.74 710.55 Td (AND SUMMAR) Tj ET Q q 0 0 0 rg BT 284.63 710.55 Td (Y) Tj ET Q q 0 0 0 rg BT 294.22 710.55 Td ( OF) Tj ET Q q 0 0 0 rg BT 316.64 710.55 Td ( RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 453.30 710.55 Td (TEGY) Tj ET Q q 0 0 0 rg BT 492.46 710.55 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 691.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 691.35 Td (America is a leading financial institution, serving individual consumers, small and middle-market ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 678.15 Td (businesses and lar) Tj ET Q q 0 0 0 rg BT 151.23 678.15 Td (ge corporations with a full range of banking, investing, asset management and other ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 664.95 Td (financial and risk management products and services. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 645.75 Td (Over the past four years, Bank of ) Tj ET Q q 0 0 0 rg BT 220.46 645.75 Td (America Corporation \(together) Tj ET Q q 0 0 0 rg BT 356.24 645.75 Td (, with its consolidated subsidiaries “Bank ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 632.55 Td (of ) Tj ET Q q 0 0 0 rg BT 83.31 632.55 Td (America” or “the Company”\) has significantly strengthened its balance sheet by building capital to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 619.35 Td (industry leading levels, reducing long-term debt and increasing liquidity) Tj ET Q q 0 0 0 rg BT 389.29 619.35 Td (. In addition, the Company has ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 606.15 Td (streamlined and simplified its or) Tj ET Q q 0 0 0 rg BT 214.16 606.15 Td (ganization.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 586.95 Td (The Company has developed Resolution Plans \(the “Plan”\) for Bank of ) Tj ET Q q 0 0 0 rg BT 388.19 586.95 Td (America Corporation \(“BAC”\), ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 573.75 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 573.75 Td (America, National ) Tj ET Q q 0 0 0 rg BT 192.66 573.75 Td (Association \(“BANA”\) and FIA) Tj ET Q q 0 0 0 rg BT 334.11 573.75 Td ( Card Services, National ) Tj ET Q q 0 0 0 rg BT 443.78 573.75 Td (Association \(“FIA”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 560.55 Td (as required of all lar) Tj ET Q q 0 0 0 rg BT 160.37 560.55 Td (ge financial institutions under:) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 541.35 Td (• ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 541.35 Td (The Board of Governors of the Federal Reserve System's \(“Federal Reserve's”\) and Federal Deposit ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 528.15 Td (Insurance Corporation's \(“FDIC's”\) Joint Resolution Plan Rule as required under ) Tj ET Q q 0 0 0 rg BT 448.14 528.15 Td (T) Tj ET Q q 0 0 0 rg BT 454.47 528.15 Td (itle I, Section 165) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 514.95 Td (\(d\) \(“165\(d\)”\) of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 239.17 514.95 Td (W) Tj ET Q q 0 0 0 rg BT 248.67 514.95 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 441.13 514.95 Td (Act \(“Dodd-Frank ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 501.75 Td (Act”\); and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 482.55 Td (• ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 482.55 Td (The FDIC's Resolution Plan Rule for Covered Insured Depository Institutions \(“IDI Rule”\).) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 463.35 Td (The Plan is required by a provision of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 313.34 463.35 Td (Act, which mandates that bank-holding companies ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 450.15 Td (with assets of $50 billion or more develop a contingency plan for an orderly resolution. ) Tj ET Q q 0 0 0 rg BT 458.54 450.15 Td (The purpose of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 436.95 Td (this provision is to provide bank regulators with plans that would enable them to resolve failing financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 423.75 Td (companies that pose a significant risk to the financial stability of the United States in a manner that ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 410.55 Td (mitigates such risk and minimizes moral hazard and obviates the need for taxpayer support.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 391.35 Td (The Plan is Bank of ) Tj ET Q q 0 0 0 rg BT 161.52 391.35 Td (America's second annual submission to the Federal Reserve and the FDIC, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 378.15 Td (provides a detailed roadmap for the orderly resolution of Bank of ) Tj ET Q q 0 0 0 rg BT 361.28 378.15 Td (America. Importantly) Tj ET Q q 0 0 0 rg BT 455.86 378.15 Td (, the Plan does not ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 364.95 Td (rely on the provision of extraordinary support by the United States, or any other government.) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 481.35 364.95 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 345.75 Td (The Plan includes consideration of multiple strategies that could be used to resolve the Company and its ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 332.55 Td (material entity subsidiaries \(“Material Entities”\). Under one resolution strategy) Tj ET Q q 0 0 0 rg BT 419.20 332.55 Td (, BAC, the parent holding ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 319.35 Td (company) Tj ET Q q 0 0 0 rg BT 111.61 319.35 Td (, would enter bankruptcy by initiating a Chapter 1) Tj ET Q q 0 0 0 rg BT 330.84 319.35 Td (1 proceeding. ) Tj ET Q q 0 0 0 rg BT 392.85 319.35 Td (After receiving certain capital or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 306.15 Td (liquidity contributions from BAC, the operating subsidiaries would continue as going concerns while ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 292.95 Td (BAC is restructured, thereby maximizing value and systemic stability) Tj ET Q q 0 0 0 rg BT 377.69 292.95 Td (. ) Tj ET Q q 0 0 0 rg BT 382.99 292.95 Td (This strategy would be the simplest ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 279.75 Td (approach; however) Tj ET Q q 0 0 0 rg BT 155.55 279.75 Td (, certain changes to the bankruptcy code and other laws and regulations may be ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 266.55 Td (required to facilitate this resolution strategy) Tj ET Q q 0 0 0 rg BT 263.42 266.55 Td (. ) Tj ET Q q 0 0 0 rg BT 268.72 266.55 Td (This strategy is commonly referred to as a “Single Point of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 253.35 Td (Entry” resolution strategy) Tj ET Q q 0 0 0 rg BT 184.92 253.35 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 234.15 Td (Under another resolution strategy) Tj ET Q q 0 0 0 rg BT 218.82 234.15 Td (, BAC would enter bankruptcy) Tj ET Q q 0 0 0 rg BT 353.45 234.15 Td (, while other operating subsidiaries would ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 220.95 Td (enter relevant resolution regimes applicable to each such operating subsidiary) Tj ET Q q 0 0 0 rg BT 413.08 220.95 Td (. ) Tj ET Q q 0 0 0 rg BT 418.38 220.95 Td (This strategy contemplates ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 207.75 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 207.75 Td (America's U.S. banking subsidiaries, including Bank of ) Tj ET Q q 0 0 0 rg BT 355.67 207.75 Td (America, N.A. and FIA) Tj ET Q q 0 0 0 rg BT 458.92 207.75 Td ( Card Services, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 194.55 Td (N.A., under a hypothetical resolution scenario, being placed into FDIC receiverships. Certain assets and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 181.35 Td (liabilities would be transferred to a bridge bank that would emer) Tj ET Q q 0 0 0 rg BT 354.66 181.35 Td (ge from resolution as a viable going ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 168.15 Td (concern. Bank of ) Tj ET Q q 0 0 0 rg BT 149.59 168.15 Td (America's other Material Entities that entered resolution, including its U.S. and foreign ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 154.95 Td (broker) Tj ET Q q 0 0 0 rg BT 100.49 154.95 Td (-dealer subsidiaries, would be wound down in an orderly manner) Tj ET Q q 0 0 0 rg BT 385.81 154.95 Td (. ) Tj ET Q q 0 0 0 rg BT 391.11 154.95 Td (This strategy is commonly ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 141.75 Td (referred to as a “Multiple Point of Entry” resolution strategy) Tj ET Q q 0 0 0 rg BT 336.74 141.75 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 122.55 Td (Finally) Tj ET Q q 0 0 0 rg BT 102.45 122.55 Td (, the Plan contemplates a third strategy that is a hybrid of the two previously described ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 109.35 Td (strategies.This strategy involves BAC entering Chapter 1) Tj ET Q q 0 0 0 rg BT 323.01 109.35 Td (1 bankruptcy while certain other subsidiaries ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 96.15 Td (enter their respective resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 271.76 96.15 Td (At the same time, certain banking and other operating ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 82.95 Td (subsidiaries would be recapitalized, as necessary) Tj ET Q q 0 0 0 rg BT 285.71 82.95 Td (, and continue to operate. Similar to the first strategy) Tj ET Q q 0 0 0 rg BT 516.84 82.95 Td (, this ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 69.75 Td (approach would allow for the Company's most systemically significant critical operations to continue ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 56.55 Td (operating and maximize value and systemic stability) Tj ET Q q 0 0 0 rg BT 302.22 56.55 Td (. ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I4 Do Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (5) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (The Plan addresses certain actions needed to ensure continuity of certain core business lines and critical ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (operations during the hypothetical resolution of certain Bank of ) Tj ET Q q 0 0 0 rg BT 353.96 699.20 Td (America entities. ) Tj ET Q q 0 0 0 rg BT 431.64 699.20 Td (Those actions ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (incorporate the importance of continued access to critical services including, but not limited to, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (technology) Tj ET Q q 0 0 0 rg BT 120.16 672.80 Td (, employees, facilities, intellectual property and supplier relationships. ) Tj ET Q q 0 0 0 rg BT 431.54 672.80 Td (The Plan also outlines ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 659.60 Td (certain restructuring actions that have already been completed, or would be required, in order to support ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 646.40 Td (the resolution strategies contemplated in the Plan.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 627.20 Td (Business Overview and Strategy) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 608.00 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 608.00 Td (America serves approximately 51 million consumer and small business relationships through ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 594.80 Td (approximately 5,300 retail banking of) Tj ET Q q 0 0 0 rg BT 238.28 594.80 Td (fices, approximately 16,350 ) Tj ET Q q 0 0 0 rg BT 363.23 594.80 Td (A) Tj ET Q q 0 0 0 rg BT 369.95 594.80 Td (TMs and an award-winning online ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 581.60 Td (banking platform with 30 million active users and more than 13 million mobile users. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 562.40 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 562.40 Td (America is among the world's leading wealth management companies and is a global leader in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 549.20 Td (corporate and investment banking and trading across a broad range of asset classes, serving corporations, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 536.00 Td (governments, institutions and individuals around the world. Bank of ) Tj ET Q q 0 0 0 rg BT 374.16 536.00 Td (America of) Tj ET Q q 0 0 0 rg BT 423.74 536.00 Td (fers industry-leading ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 522.80 Td (support to approximately three million small business owners through a suite of innovative, easy-to-use ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 509.60 Td (online products and services. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 490.40 Td (The Company serves clients through operations in more than 40 countries. Bank of ) Tj ET Q q 0 0 0 rg BT 439.81 490.40 Td (America's stock is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 477.20 Td (listed on the New ) Tj ET Q q 0 0 0 rg BT 151.63 477.20 Td (Y) Tj ET Q q 0 0 0 rg BT 158.47 477.20 Td (ork Stock Exchange \(NYSE: BAC\).) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 458.00 Td (Over the past four years, Bank of ) Tj ET Q q 0 0 0 rg BT 220.46 458.00 Td (America has made progress in key strategic areas, including the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 444.80 Td (following:) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 425.60 Td (Str) Tj ET Q q 0 0 0 rg BT 86.46 425.60 Td (eamlining the company - ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 205.02 425.60 Td (The Company has narrowed its focus to concentrate on the businesses and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 412.40 Td (services that matter most to customers and clients. ) Tj ET Q q 0 0 0 rg BT 295.31 412.40 Td (As a result, the Company is easier to manage and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 399.20 Td (provides a sturdy foundation for more sustainable growth and results. Since 2009, Bank of ) Tj ET Q q 0 0 0 rg BT 474.96 399.20 Td (America has ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 386.00 Td (sold more than 20 non-core assets and businesses, generating more than $60 billion in gross liquidity and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 372.80 Td (more than $12 billion in ) Tj ET Q q 0 0 0 rg BT 180.87 372.80 Td (T) Tj ET Q q 0 0 0 rg BT 187.20 372.80 Td (ier 1 common equity) Tj ET Q q 0 0 0 rg BT 277.83 372.80 Td (. ) Tj ET Q q 0 0 0 rg BT 282.72 372.80 Td (At the same time, the sales have reduced the Company's ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 359.60 Td (risk-weighted assets by nearly $68 billion.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 340.40 Td (Building capital and liquidity) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 209.86 340.40 Td ( - Preparing for the implementation of new capital rules is a top strategic ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 327.20 Td (priority for the Company) Tj ET Q q 0 0 0 rg BT 181.57 327.20 Td (. Over the past several years, Bank of ) Tj ET Q q 0 0 0 rg BT 348.35 327.20 Td (America has fortified its balance sheet by ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 314.00 Td (significantly increasing capital and liquidity to record levels and reducing long-term debt. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 294.80 Td (At June 30, 2013, Bank of ) Tj ET Q q 0 0 0 rg BT 189.94 294.80 Td (America's estimated Basel 3 ) Tj ET Q q 0 0 0 rg BT 316.55 294.80 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 363.29 294.80 Td (Approach ) Tj ET Q q 0 0 0 rg BT 409.21 294.80 Td (T) Tj ET Q q 0 0 0 rg BT 415.54 294.80 Td (ier 1 common capital ratio, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 281.60 Td (on a fully phased-in basis, was 9.60 percent, among the highest of any major U.S. money-center bank and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 268.40 Td (above the current Basel 3 standards, six years before required \(as depicted below\). ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 249.20 Td (Basel 3 regulatory capital metrics are non-GAAP) Tj ET Q q 0 0 0 rg BT 288.47 249.20 Td ( measures until they are fully adopted and required by ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 236.00 Td (U.S. banking regulators. ) Tj ET Q q 0 0 0 rg BT 181.38 236.00 Td (A) Tj ET Q q 0 0 0 rg BT 188.71 236.00 Td ( reconciliation of the Company's ) Tj ET Q q 0 0 0 rg BT 334.38 236.00 Td (T) Tj ET Q q 0 0 0 rg BT 340.71 236.00 Td (ier 1 common capital and risk-weighted ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 222.80 Td (assets in accordance with the Basel 1 - 2013 Rules to the Basel 3 estimates, assuming fully phased-in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 209.60 Td (measures according to the Basel 3 ) Tj ET Q q 0 0 0 rg BT 224.12 209.60 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 270.85 209.60 Td (Approach, can be found in the Company's filings on Form ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 196.40 Td (10-Q with the Securities and Exchange Commission \(“SEC”\). ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 177.20 Td (At June 30, 2013, the Company reported total Global Excess Liquidity Sources of $342 billion, up from ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 164.00 Td ($214 billion on December 31, 2009, and long-term debt of $262 billion, down from $523 billion on ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 150.80 Td (December 31, 2009.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I5 Do Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (6) Tj ET Q /GS0 gs q 468.00 0 0 183.85 72.00 536.16 cm /I6 Do Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 522.95 Td (Impr) Tj ET Q q 0 0 0 rg BT 96.25 522.95 Td (oving cr) Tj ET Q q 0 0 0 rg BT 134.23 522.95 Td (edit quality) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 187.71 522.95 Td ( - In recent years, the Company has seen improvements in credit quality across ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 509.75 Td (all major portfolios, reflecting a gradually strengthening economy and a continued focus on enhanced ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 496.55 Td (underwriting standards. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 477.35 Td (Net char) Tj ET Q q 0 0 0 rg BT 109.36 477.35 Td (ge-of) Tj ET Q q 0 0 0 rg BT 132.37 477.35 Td (fs declined to $2.1 billion in the second quarter of 2013 from $38.7 billion for the year ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 464.15 Td (ended December 31, 2009 and the Company's provision for credit losses declined to $1.2 billion in the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 450.95 Td (second quarter of 2013, compared to $48.6 billion for the full year ended December 31, 2009.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 431.75 Td (In addition, the Company continued to make significant progress in resolving legacy mortgage-related ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 418.55 Td (issues with the number of residential mortgage loans in the Company's portfolio that are more than 60 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 405.35 Td (days past due declining to approximately 492,000 loans at June 30, 2013, down from a peak of 1.6 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 392.15 Td (million. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 372.95 Td (Driving gr) Tj ET Q q 0 0 0 rg BT 120.99 372.95 Td (owth ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 146.96 372.95 Td (- Bank of ) Tj ET Q q 0 0 0 rg BT 190.65 372.95 Td (America is using the strength of its balance sheet and leading talent and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 359.75 Td (capabilities to deepen relationships with three customer groups - People, Companies and Institutional ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 346.55 Td (Investors. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 327.35 Td (This includes shaping the Company's retail network based on customer behavior and profitability) Tj ET Q q 0 0 0 rg BT 499.11 327.35 Td (, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 314.15 Td (investing in technology and resources to better meet customer needs and connect capabilities. ) Tj ET Q q 0 0 0 rg BT 486.00 314.15 Td (The table ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 300.95 Td (below shows how Bank of ) Tj ET Q q 0 0 0 rg BT 190.86 300.95 Td (America is delivering leading banking and investment solutions to its three ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 287.75 Td (customer groups. Comparisons are from the second quarter of 2013 to the second quarter of 2012.) Tj ET Q /GS0 gs q 468.00 0 0 212.10 72.00 64.67 cm /I7 Do Q BT /F2 10.00 Tf ET /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I8 Do Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (7) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (NAMES OF) Tj ET Q q 0 0 0 rg BT 144.98 710.55 Td ( MA) Tj ET Q q 0 0 0 rg BT 170.77 710.55 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 223.68 710.55 Td ( ENTITIES) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 691.35 Td (The Resolution Plan identifies Bank of ) Tj ET Q q 0 0 0 rg BT 245.53 691.35 Td (America Corporation \(the “Parent”\) and certain Material Entities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 678.15 Td (for the purposes of resolution planning. ) Tj ET Q q 0 0 0 rg BT 248.08 678.15 Td (The Resolution Plan includes an analysis of each Material Entity ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 664.95 Td (and the resolution regime and strategy that would be applicable. ) Tj ET Q q 0 0 0 rg BT 356.18 664.95 Td (The Material Entities in the Resolution ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 651.75 Td (Plan are:) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 632.55 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 632.55 Td (America Corporation \(“BAC”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 259.90 632.55 Td (is a bank holding company) Tj ET Q q 0 0 0 rg BT 377.72 632.55 Td (. It is a Covered Company for the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 619.35 Td (purposes of Section 165\(d\) of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 277.61 619.35 Td (Act and is the “Parent Company” for the purposes of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 606.15 Td (implementing regulations.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 586.95 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 586.95 Td (America, National ) Tj ET Q q 0 0 0 rg BT 199.42 586.95 Td (Association \(“BANA”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 308.19 586.95 Td (is the flagship national full service commercial bank ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 573.75 Td (and primary operating subsidiary of BAC and is an insured depository institution \(“IDI”\). It operates in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 560.55 Td (all 50 states, the District of Columbia and has foreign branches in more than 20 countries.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 541.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 541.35 Td (America, N.A. - London Branch \(“BANA) Tj ET Q q 0 0 0 rg BT 304.24 541.35 Td ( - London”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 362.01 541.35 Td (is a key foreign branch of BANA. Its ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 528.15 Td (principal businesses and operations are Corporate Banking, International ) Tj ET Q q 0 0 0 rg BT 394.68 528.15 Td (T) Tj ET Q q 0 0 0 rg BT 401.01 528.15 Td (reasury and Global Markets. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 508.95 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 508.95 Td (America, N.A. - Frankfurt Branch \(“BANA) Tj ET Q q 0 0 0 rg BT 315.21 508.95 Td ( - Frankfurt”\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 381.20 508.95 Td (, a foreign branch of BANA, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 495.75 Td (provides critical services supporting global wholesale payment operations. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 476.55 Td (FIA) Tj ET Q q 0 0 0 rg BT 90.34 476.55 Td ( Card Services, National ) Tj ET Q q 0 0 0 rg BT 206.74 476.55 Td (Association \(“FIA”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 303.30 476.55 Td (is an IDI and is primarily a credit card lender) Tj ET Q q 0 0 0 rg BT 500.91 476.55 Td (. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 457.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 457.35 Td (America California, National ) Tj ET Q q 0 0 0 rg BT 250.44 457.35 Td (Association \(“BACANA”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 375.11 457.35 Td (is a limited purpose bank \(“Bankers' ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 444.15 Td (Bank”\). It purchases mortgage loan participations from BANA) Tj ET Q q 0 0 0 rg BT 348.15 444.15 Td ( to support borrowing capacity with its ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 430.95 Td (Federal Home Loan Bank.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 411.75 Td (Countrywide Financial Corporation \(“CFC”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 288.33 411.75 Td (is a holding company whose subsidiaries engaged in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 398.55 Td (mortgage lending, banking and other real estate finance-related businesses. Most of the mortgage-related ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 385.35 Td (and banking activities that historically operated out of CFC's subsidiaries are now primarily conducted ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 372.15 Td (through BANA, to the extent such activities continue.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 352.95 Td (Countrywide Home Loans, Inc. \(“CHL”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 267.26 352.95 Td (is a fully-owned subsidiary of CFC, although many ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 339.75 Td (mortgage-origination activities of the Countrywide enterprise were transferred to Countrywide Bank prior ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 326.55 Td (to the acquisition of Countrywide by BAC. Countrywide Bank has subsequently been mer) Tj ET Q q 0 0 0 rg BT 468.66 326.55 Td (ged into ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 313.35 Td (BANA. CHL's activities are now limited to managing its representation and warranties exposure and its ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 300.15 Td (owned inventory) Tj ET Q q 0 0 0 rg BT 145.52 300.15 Td (, serving as a master servicer for certain securitizations, marketing loans held for sale, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 286.95 Td (and addressing litigation concerns related to its past mortgage activities.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 267.75 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 267.75 Td (ynch & Co., Inc. \(“MLCO”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 250.73 267.75 Td (is the former parent holding company for Merrill L) Tj ET Q q 0 0 0 rg BT 474.94 267.75 Td (ynch. It is a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 254.55 Td (public debt issuer and a guarantor for its subsidiaries.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 235.35 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 235.35 Td (ynch, Pier) Tj ET Q q 0 0 0 rg BT 163.14 235.35 Td (ce, Fenner) Tj ET Q q 0 0 0 rg BT 211.80 235.35 Td ( & Smith, Incorporated \(“MLFPS”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 383.51 235.35 Td (is a U.S. broker) Tj ET Q q 0 0 0 rg BT 452.03 235.35 Td (-dealer serving ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 222.15 Td (corporate, institutional, retail, government and other clients with a focus on U.S clients.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 202.95 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 202.95 Td (ynch Pr) Tj ET Q q 0 0 0 rg BT 152.45 202.95 Td (ofessional Clearing Corp. \(“MLPRO”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 336.68 202.95 Td (is a U.S. broker) Tj ET Q q 0 0 0 rg BT 405.20 202.95 Td (-dealer) Tj ET Q q 0 0 0 rg BT 435.12 202.95 Td (. It operates Prime ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 189.75 Td (Brokerage Operations which provides services for hedge funds, alternative investment managers, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 176.55 Td (professional traders and proprietary trading firms.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 157.35 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 157.35 Td (ynch Capital Services, Inc. \(“MLCS”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 296.25 157.35 Td (is a U.S. derivatives product dealer) Tj ET Q q 0 0 0 rg BT 449.90 157.35 Td (. It primarily deals ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 144.15 Td (with third party and af) Tj ET Q q 0 0 0 rg BT 170.16 144.15 Td (filiate counterparties for derivative financial products, including interest rate, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 130.95 Td (currency and commodity swaps, caps and floors, currency options, and credit derivatives.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 111.75 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 111.75 Td (ynch Commodities, Inc. \(“MLCI”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 280.67 111.75 Td (is the primary commodities sales and trading entity for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 98.55 Td (business originated in the ) Tj ET Q q 0 0 0 rg BT 186.26 98.55 Td (Americas Region. It trades in commodity indices for natural gas, power) Tj ET Q q 0 0 0 rg BT 503.82 98.55 Td (, crude ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 85.35 Td (oil, coal and trades physical commodities for natural gas, power and crude oil.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I9 Do Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (8) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 712.60 Td (ynch International \(“MLI”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 249.21 712.60 Td (is a U.K.-based and regulated international broker) Tj ET Q q 0 0 0 rg BT 468.91 712.60 Td (-dealer ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.40 Td (providing a wide range of financial services globally) Tj ET Q q 0 0 0 rg BT 303.12 699.40 Td (. It supports various Global Markets businesses ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.20 Td (including investment banking activities, international debt and equity underwriting and mer) Tj ET Q q 0 0 0 rg BT 474.73 686.20 Td (gers and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 673.00 Td (acquisitions. MLI also conducts a wide range of trading activities in the international equity markets, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (Euro debt and money markets.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 640.60 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 640.60 Td (ynch Commodities \(Eur) Tj ET Q q 0 0 0 rg BT 227.92 640.60 Td (ope\) Limited \(“MLCE”\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 342.19 640.60 Td ( is the primary trading entity for business ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 627.40 Td (originated outside of the ) Tj ET Q q 0 0 0 rg BT 181.37 627.40 Td (Americas Region. It trades in coal, gas, liquefied natural gas, freight, power and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 614.20 Td (emissions.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 595.00 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 595.00 Td (ynch International Bank Limited \(“MLIB”\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 321.64 595.00 Td ( is the primary non-U.S. banking entity) Tj ET Q q 0 0 0 rg BT 493.24 595.00 Td (. It is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 581.80 Td (incorporated in Ireland and regulated by the Central Bank of Ireland. However) Tj ET Q q 0 0 0 rg BT 417.31 581.80 Td (, it operates globally and is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 568.60 Td (used by the Global Markets and Global ) Tj ET Q q 0 0 0 rg BT 247.46 568.60 Td (W) Tj ET Q q 0 0 0 rg BT 256.96 568.60 Td (ealth & Investment Management \(“GWIM”\) core business ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 555.40 Td (lines. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 536.20 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 536.20 Td (ynch Japan Securities Co., Ltd. \(“MLJS”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 315.83 536.20 Td (is a broker) Tj ET Q q 0 0 0 rg BT 362.03 536.20 Td (-dealer incorporated in Japan. It ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 523.00 Td (provides investment, financing and related services to institutional and private clients in Japan. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 503.80 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 503.80 Td (ynch Global Services Pte. Ltd. \(“MLGS”\), ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 316.42 503.80 Td (located in Singapore,) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 409.58 503.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 412.33 503.80 Td (houses selective regional ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 490.60 Td (and global support functions within the Global ) Tj ET Q q 0 0 0 rg BT 279.86 490.60 Td (T) Tj ET Q q 0 0 0 rg BT 285.81 490.60 Td (echnology and Operations and Global Human Resources ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 477.40 Td (or) Tj ET Q q 0 0 0 rg BT 80.96 477.40 Td (ganizations. It primarily supports GWIM and Global Markets businesses.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 458.20 Td (BA) Tj ET Q q 0 0 0 rg BT 86.67 458.20 Td ( Continuum India Private Limited \(“BACI”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 299.35 458.20 Td (provides operations and technology capabilities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 445.00 Td (supporting all lines of business. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 425.80 Td (Financial Data Services, Inc. \(“FDS”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 250.73 425.80 Td (provides transfer agency and sub-accounting services for mutual ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 412.60 Td (funds.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 393.40 Td (Managed ) Tj ET Q q 0 0 0 rg BT 118.14 393.40 Td (Account ) Tj ET Q q 0 0 0 rg BT 159.39 393.40 Td (Advisors LLC \(“MAA”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 276.42 393.40 Td (is a registered investment advisor) Tj ET Q q 0 0 0 rg BT 423.05 393.40 Td (.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I10 Do Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (9) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 166.02 712.60 Td ( BUSINESS SEGMENTS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 693.40 Td (The Company's banking and various non-banking subsidiaries throughout the U.S. and in international ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 680.20 Td (markets provide a diversified range of banking and non-banking financial services and products to three ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 667.00 Td (groups of customers - people, companies and institutional investors through business segments. Certain of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 653.80 Td (the activities of these segments were determined to meet the definition of a “core business line” for the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 640.60 Td (Resolution Plan. ) Tj ET Q q 0 0 0 rg BT 147.28 640.60 Td (The business segments are described below) Tj ET Q q 0 0 0 rg BT 338.09 640.60 Td (.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 621.40 Td (Consumer) Tj ET Q q 0 0 0 rg BT 120.69 621.40 Td ( and Business Banking ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 602.20 Td (Consumer and Business Banking is comprised of Deposits, Card Services and Business Banking. ) Tj ET Q q 0 0 0 rg BT 502.29 602.20 Td (This ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 589.00 Td (business segment of) Tj ET Q q 0 0 0 rg BT 160.40 589.00 Td (fers a diversified range of credit, banking and investment products and services to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 575.80 Td (consumers and businesses. Consumer Banking customers and clients have access to a franchise that ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 562.60 Td (stretches coast to coast through 32 states and the District of Columbia. ) Tj ET Q q 0 0 0 rg BT 384.32 562.60 Td (The franchise network includes ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 549.40 Td (approximately 5,300 banking centers, 16,350 ) Tj ET Q q 0 0 0 rg BT 273.01 549.40 Td (A) Tj ET Q q 0 0 0 rg BT 279.74 549.40 Td (TMs, nationwide call centers, and online and mobile ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 536.20 Td (platforms. Consumer Banking operates primarily through BANA) Tj ET Q q 0 0 0 rg BT 358.26 536.20 Td ( and FIA.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 517.00 Td (Consumer) Tj ET Q q 0 0 0 rg BT 120.69 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 123.44 517.00 Td (Real ) Tj ET Q q 0 0 0 rg BT 147.57 517.00 Td (Estate ) Tj ET Q q 0 0 0 rg BT 179.65 517.00 Td (Services) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 497.80 Td (Consumer Real Estate Services provides an extensive line of consumer real estate products and services ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 484.60 Td (to customers nationwide.) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 182.28 484.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 185.03 484.60 Td (Fixed- and adjustable-rate first-lien mortgage loans for home purchase and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 471.40 Td (refinancing needs, home equity lines of credit and home equity loans are of) Tj ET Q q 0 0 0 rg BT 403.22 471.40 Td (fered through this business ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 458.20 Td (segment. Consumer Real Estate Services operates primarily through BANA.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 439.00 Td (Global Banking) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 419.80 Td (Global Banking, which includes Global Corporate and Commercial Banking and Investment Banking, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 406.60 Td (provides a wide range of lending-related products and services, integrated working capital management ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 393.40 Td (and treasury solutions to clients, and underwriting and advisory services through the Company's network ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 380.20 Td (of of) Tj ET Q q 0 0 0 rg BT 92.88 380.20 Td (fices and client relationship teams along with various product partners. Global Banking's lending ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 367.00 Td (products and services include commercial loans, leases, commitment facilities, trade finance, real estate ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 353.80 Td (lending, asset-based lending and direct / indirect consumer loans. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 334.60 Td (Global Banking's treasury solutions business within Global Corporate and Commercial Banking includes ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 321.40 Td (treasury management, foreign exchange and short-term investing options and operates primarily through ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 308.20 Td (BANA. Global Banking also provides investment banking products such as debt and equity underwriting ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 295.00 Td (and distribution, and mer) Tj ET Q q 0 0 0 rg BT 182.39 295.00 Td (ger) Tj ET Q q 0 0 0 rg BT 196.22 295.00 Td (-related and other advisory services. Global Banking operates primarily ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 281.80 Td (through licensed broker) Tj ET Q q 0 0 0 rg BT 176.25 281.80 Td (-dealer subsidiaries, such as MLPFS and MLI.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 262.60 Td (Global Markets) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 243.40 Td (Global Markets of) Tj ET Q q 0 0 0 rg BT 152.45 243.40 Td (fers sales and trading services, including research, to institutional clients across fixed ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 230.20 Td (income, credit, currency) Tj ET Q q 0 0 0 rg BT 178.18 230.20 Td (, commodity and equity businesses. Global Markets product coverage includes ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 217.00 Td (securities and derivative products in both the primary and secondary markets. Global Markets provides ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 203.80 Td (market-making, financing, securities clearing, settlement and custody services globally to institutional ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 190.60 Td (investor clients in support of their investing and trading activities. Global Markets also works with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 177.40 Td (commercial and corporate clients to provide risk management products using interest rate, equity) Tj ET Q q 0 0 0 rg BT 498.01 177.40 Td (, credit, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 164.20 Td (currency and commodity derivatives, foreign exchange, fixed-income and mortgage-related products. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 151.00 Td (Global Markets operates primarily through BANA, MLPFS, MLIB and MLI.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 131.80 Td (Global ) Tj ET Q q 0 0 0 rg BT 106.34 131.80 Td (W) Tj ET Q q 0 0 0 rg BT 116.73 131.80 Td (ealth & Investment Management) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 112.60 Td (GWIM consists of two primary businesses: Merrill L) Tj ET Q q 0 0 0 rg BT 305.11 112.60 Td (ynch Global ) Tj ET Q q 0 0 0 rg BT 361.73 112.60 Td (W) Tj ET Q q 0 0 0 rg BT 371.23 112.60 Td (ealth Management \(“MLGWM”\) and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 99.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 94.11 99.40 Td (T) Tj ET Q q 0 0 0 rg BT 100.45 99.40 Td (rust, Bank of ) Tj ET Q q 0 0 0 rg BT 159.72 99.40 Td (America Private ) Tj ET Q q 0 0 0 rg BT 234.05 99.40 Td (W) Tj ET Q q 0 0 0 rg BT 243.55 99.40 Td (ealth Management \(“U.S. ) Tj ET Q q 0 0 0 rg BT 358.50 99.40 Td (T) Tj ET Q q 0 0 0 rg BT 364.84 99.40 Td (rust”\).) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 80.20 Td (GWIM provides comprehensive wealth management solutions to a broad base of clients from emer) Tj ET Q q 0 0 0 rg BT 508.31 80.20 Td (ging ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 67.00 Td (af) Tj ET Q q 0 0 0 rg BT 80.35 67.00 Td (fluent to the ultra-wealthy) Tj ET Q q 0 0 0 rg BT 194.18 67.00 Td (. ) Tj ET Q q 0 0 0 rg BT 199.48 67.00 Td (These services include investment and brokerage services, estate and ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I11 Do Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (10) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (financial planning, fiduciary portfolio management, cash and liability management, and specialty asset ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (management. GWIM also provides retirement and benefit plan services, philanthropic management and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (asset management to individual and institutional clients. In 2012, the Company entered into an agreement ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (to sell the GWIM International ) Tj ET Q q 0 0 0 rg BT 210.79 672.80 Td (W) Tj ET Q q 0 0 0 rg BT 220.29 672.80 Td (ealth Management \(“IWM”\) businesses based outside of the U.S. and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 659.60 Td (sold its Japanese brokerage joint venture. GWIM operates primarily through MLPFS and BANA.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I12 Do Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.40 41.90 Td (1) Tj ET Q q 0 0 0 rg BT 534.49 41.90 Td (1) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 136.05 710.55 Td (Y) Tj ET Q q 0 0 0 rg BT 145.64 710.55 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 227.71 710.55 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 298.60 710.55 Td (TION REGARDING ) Tj ET Q q 0 0 0 rg BT 427.74 710.55 Td (ASSETS, ) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 693.75 Td (LIABILITIES, CAPIT) Tj ET Q q 0 0 0 rg BT 207.90 693.75 Td (AL) Tj ET Q q 0 0 0 rg BT 226.57 693.75 Td ( ) Tj ET Q q 0 0 0 rg BT 229.30 693.75 Td (AND MAJOR FUNDING SOURCES) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 674.55 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 674.55 Td (America Corporation) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 655.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 655.35 Td (America’) Tj ET Q q 0 0 0 rg BT 150.20 655.35 Td (s ) Tj ET Q q 0 0 0 rg BT 156.62 655.35 Td (Annual Report on Form 10-K and Quarterly Report on Form 10-Q include detailed ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 642.15 Td (financial reporting. ) Tj ET Q q 0 0 0 rg BT 158.85 642.15 Td (The following chart summarizes the balance sheet and capital position for Bank of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 628.95 Td (America Corporation as of June 30, 2013.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 609.75 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 609.75 Td (America Corporation) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 590.55 Td (Consolidated Balance sheet – June 30, 2013) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 571.35 Td (\($ in millions\)) Tj ET Q /GS0 gs q 468.00 0 0 199.60 72.00 360.75 cm /I13 Do Q BT /F2 10.00 Tf ET /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I14 Do Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (12) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 712.60 Td (America, National ) Tj ET Q q 0 0 0 rg BT 199.42 712.60 Td (Association) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 693.40 Td (The following chart summarizes the assets, liabilities and capital position for BANA) Tj ET Q q 0 0 0 rg BT 443.48 693.40 Td ( as of June 30, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 680.20 Td (2013.The information below is based on internal general ledger data and does not reflect certain post-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 667.00 Td (closing and re-class entries made as part of BANA) Tj ET Q q 0 0 0 rg BT 293.77 667.00 Td (’) Tj ET Q q 0 0 0 rg BT 296.82 667.00 Td (s regulatory filings. For additional information, please ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 653.80 Td (refer to BANA) Tj ET Q q 0 0 0 rg BT 136.76 653.80 Td (’) Tj ET Q q 0 0 0 rg BT 139.82 653.80 Td (s call reports as filed.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 634.60 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 634.60 Td (America, National ) Tj ET Q q 0 0 0 rg BT 199.42 634.60 Td (Association) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 615.40 Td (Consolidated Balance sheet – June 30, 2013) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 596.20 Td (\($ in millions\)) Tj ET Q /GS0 gs q 468.00 0 0 208.45 72.00 376.75 cm /I15 Do Q BT /F2 10.00 Tf ET /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I16 Do Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (13) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 90.34 712.60 Td ( Card Services, National ) Tj ET Q q 0 0 0 rg BT 206.74 712.60 Td (Association) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 693.40 Td (The following chart summarizes the assets, liabilities and capital position for FIA) Tj ET Q q 0 0 0 rg BT 430.03 693.40 Td ( of June 30, 2013. ) Tj ET Q q 0 0 0 rg BT 511.41 693.40 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 680.20 Td (information below is based on internal general ledger data and does not reflect certain post-closing and re-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 667.00 Td (class entries made as part of FIA) Tj ET Q q 0 0 0 rg BT 214.96 667.00 Td (’) Tj ET Q q 0 0 0 rg BT 218.01 667.00 Td (s regulatory filings. For additional information, please refer to FIA) Tj ET Q q 0 0 0 rg BT 510.36 667.00 Td (’) Tj ET Q q 0 0 0 rg BT 513.42 667.00 Td (s call ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 653.80 Td (reports as filed.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 634.60 Td (FIA) Tj ET Q q 0 0 0 rg BT 90.34 634.60 Td ( Card Services, National ) Tj ET Q q 0 0 0 rg BT 206.74 634.60 Td (Association) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 615.40 Td (Consolidated Balance sheet – June 30, 2013) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 596.20 Td (\($ in millions\)) Tj ET Q /GS0 gs q 468.00 0 0 196.45 72.00 388.74 cm /I17 Do Q BT /F2 10.00 Tf ET BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 369.55 Td (Capital Management) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 350.35 Td (The Company manages its capital position to maintain suf) Tj ET Q q 0 0 0 rg BT 327.81 350.35 Td (ficient capital to support its business activities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 337.15 Td (and maintain capital, risk and risk appetite commensurate with one another) Tj ET Q q 0 0 0 rg BT 401.59 337.15 Td (. ) Tj ET Q q 0 0 0 rg BT 406.48 337.15 Td (Additionally) Tj ET Q q 0 0 0 rg BT 461.38 337.15 Td (, the Company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 323.95 Td (seeks to maintain safety and soundness at all times including under adverse conditions, take advantage of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 310.75 Td (or) Tj ET Q q 0 0 0 rg BT 80.96 310.75 Td (ganic growth opportunities, maintain ready access to financial markets, continue to serve as a credit ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 297.55 Td (intermediary) Tj ET Q q 0 0 0 rg BT 127.48 297.55 Td (, remain a source of strength for its subsidiaries, and satisfy current and future regulatory ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 284.35 Td (capital requirements. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 265.15 Td (T) Tj ET Q q 0 0 0 rg BT 77.95 265.15 Td (o determine the appropriate level of capital, the Company assesses the results of the Internal Capital ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 251.95 Td (Adequacy ) Tj ET Q q 0 0 0 rg BT 118.73 251.95 Td (Assessment Process \(“ICAAP”\), the current economic and market environment, and feedback ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (from key stakeholders including investors, rating agencies and regulators. Based upon this analysis, it sets ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 225.55 Td (guidelines for capital ratios to maintain an adequate capital position, including in severe adverse ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 212.35 Td (economic scenarios. Management and the Bank of ) Tj ET Q q 0 0 0 rg BT 296.21 212.35 Td (America Corporation Board of Directors \(“the Board”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 199.15 Td (annually approve a comprehensive BAC capital plan which documents the ICAAP) Tj ET Q q 0 0 0 rg BT 435.72 199.15 Td ( and related results, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 185.95 Td (analysis and support for the capital guidelines, and planned capital actions.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 166.75 Td (The ICAAP) Tj ET Q q 0 0 0 rg BT 124.45 166.75 Td ( incorporates capital forecasts, stress test results, economic capital, qualitative risk ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 153.55 Td (assessments and assessment of regulatory changes. ) Tj ET Q q 0 0 0 rg BT 298.77 153.55 Td (Throughout the year) Tj ET Q q 0 0 0 rg BT 388.14 153.55 Td (, the Company generates ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 140.35 Td (regulatory capital and economic capital forecasts that are aligned to the most recent earnings, balance ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 127.15 Td (sheet and risk forecasts. It utilizes stress tests to assess the potential impacts to its balance sheet, earnings, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 113.95 Td (capital and liquidity of a variety of stress scenarios. ) Tj ET Q q 0 0 0 rg BT 300.90 113.95 Td (The Company performs qualitative risk assessments ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 100.75 Td (to identify and assess material risks not fully captured in the forecasts, stress tests or economic capital. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 87.55 Td (Management regularly assesses the capital impacts of proposed changes to regulatory capital ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 74.35 Td (requirements. Management also regularly assesses ICAAP) Tj ET Q q 0 0 0 rg BT 329.42 74.35 Td ( results and provides documented quarterly ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 61.15 Td (assessments of the adequacy of the capital guidelines and capital position to the Board or its committees.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I18 Do Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (14) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (Capital management is integrated into the Company's risk and governance processes, as capital is a key ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (consideration in the development of the strategic plan, risk appetite and risk limits. Economic capital is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (allocated to each business unit and used to perform risk-adjusted return analysis at the business unit, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (client relationship and transaction levels.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 653.60 Td (Regulatory Capital) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 634.40 Td (As a financial services holding company) Tj ET Q q 0 0 0 rg BT 249.98 634.40 Td (, the Company is subject to the risk-based capital guidelines ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 621.20 Td (\(Basel 1\) issued by federal banking regulators. Under these guidelines, the Company and its af) Tj ET Q q 0 0 0 rg BT 487.86 621.20 Td (filiated ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 608.00 Td (banking entities measure capital adequacy based on ) Tj ET Q q 0 0 0 rg BT 301.80 608.00 Td (T) Tj ET Q q 0 0 0 rg BT 308.13 608.00 Td (ier 1 common capital, ) Tj ET Q q 0 0 0 rg BT 406.59 608.00 Td (T) Tj ET Q q 0 0 0 rg BT 412.92 608.00 Td (ier 1 capital and ) Tj ET Q q 0 0 0 rg BT 486.03 608.00 Td (T) Tj ET Q q 0 0 0 rg BT 491.98 608.00 Td (otal ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 594.80 Td (capital \(T) Tj ET Q q 0 0 0 rg BT 114.06 594.80 Td (ier 1 plus ) Tj ET Q q 0 0 0 rg BT 157.55 594.80 Td (T) Tj ET Q q 0 0 0 rg BT 163.88 594.80 Td (ier 2 capital\). Capital ratios are calculated by dividing each capital amount by risk-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 581.60 Td (weighted assets. ) Tj ET Q q 0 0 0 rg BT 145.63 581.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 200.52 581.60 Td (, ) Tj ET Q q 0 0 0 rg BT 205.82 581.60 Td (T) Tj ET Q q 0 0 0 rg BT 212.15 581.60 Td (ier 1 capital is divided by adjusted quarterly average total assets to derive ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 568.40 Td (the ) Tj ET Q q 0 0 0 rg BT 87.99 568.40 Td (T) Tj ET Q q 0 0 0 rg BT 94.32 568.40 Td (ier 1 leverage ratio.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 549.20 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 549.20 Td (ier 1 capital is calculated as the sum of “core capital elements,” the principal components of which are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 536.00 Td (qualifying common shareholders' equity and qualifying non-cumulative perpetual preferred stock. ) Tj ET Q q 0 0 0 rg BT 504.99 536.00 Td (Also ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 522.80 Td (included in ) Tj ET Q q 0 0 0 rg BT 123.73 522.80 Td (T) Tj ET Q q 0 0 0 rg BT 130.07 522.80 Td (ier 1 capital are qualifying trust preferred securities, hybrid securities and qualifying non-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 509.60 Td (controlling interest in subsidiaries which are subject to the rules governing “restricted core capital ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 496.40 Td (elements.” Goodwill, other disallowed intangible assets, disallowed deferred tax assets and the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 483.20 Td (cumulative changes in fair value of all financial liabilities accounted for under the fair value option that ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 470.00 Td (are included in retained earnings and are attributable to changes in the company's own creditworthiness ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 456.80 Td (are deducted from the sum of the core capital elements. ) Tj ET Q q 0 0 0 rg BT 318.28 456.80 Td (T) Tj ET Q q 0 0 0 rg BT 324.23 456.80 Td (otal capital is the sum of ) Tj ET Q q 0 0 0 rg BT 434.62 456.80 Td (T) Tj ET Q q 0 0 0 rg BT 440.95 456.80 Td (ier 1 plus ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 443.60 Td (supplementary ) Tj ET Q q 0 0 0 rg BT 139.31 443.60 Td (T) Tj ET Q q 0 0 0 rg BT 145.64 443.60 Td (ier 2 capital elements such as qualifying subordinated debt, a limited portion of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 430.40 Td (allowance for loan and lease losses, and a portion of net unrealized gains on available for sale marketable ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 417.20 Td (equity securities. ) Tj ET Q q 0 0 0 rg BT 149.09 417.20 Td (T) Tj ET Q q 0 0 0 rg BT 155.42 417.20 Td (ier 1 common capital is not an of) Tj ET Q q 0 0 0 rg BT 300.32 417.20 Td (ficial regulatory ratio, but was introduced by the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 404.00 Td (Federal Reserve during the Supervisory Capital ) Tj ET Q q 0 0 0 rg BT 283.40 404.00 Td (Assessment Program in 2009. ) Tj ET Q q 0 0 0 rg BT 417.33 404.00 Td (T) Tj ET Q q 0 0 0 rg BT 423.66 404.00 Td (ier 1 common capital is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 390.80 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 390.80 Td (ier 1 capital less preferred stock, trust preferred securities, hybrid securities and qualifying non-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 377.60 Td (controlling interest in subsidiaries.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 358.40 Td (Risk-weighted assets are calculated for credit risk for all on- and of) Tj ET Q q 0 0 0 rg BT 367.78 358.40 Td (f-balance sheet credit exposures and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 345.20 Td (for market risk on trading assets and liabilities, including derivative exposures. Credit risk-weighted ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 332.00 Td (assets are calculated by assigning a prescribed risk-weight to all on-balance sheet assets and to the credit ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 318.80 Td (equivalent amount of certain of) Tj ET Q q 0 0 0 rg BT 209.86 318.80 Td (f-balance sheet exposures. ) Tj ET Q q 0 0 0 rg BT 328.16 318.80 Td (The risk-weight is defined in the regulatory ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 305.60 Td (rules based upon the obligor or guarantor type and collateral, if applicable. Of) Tj ET Q q 0 0 0 rg BT 414.51 305.60 Td (f-balance sheet exposures ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 292.40 Td (include financial guarantees, unfunded lending commitments, letters of credit and derivatives. Market ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 279.20 Td (risk-weighted assets are calculated using risk models for the trading account positions, including all ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 266.00 Td (foreign exchange and commodity positions regardless of the applicable accounting guidance. Under Basel ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 252.80 Td (1, there are no risk-weighted assets calculated for operational risk. ) Tj ET Q q 0 0 0 rg BT 365.84 252.80 Td (Any assets that are a direct deduction ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 239.60 Td (from the computation of capital are excluded from risk-weighted assets and adjusted average total assets ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 226.40 Td (consistent with regulatory guidance.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 207.20 Td (The regulatory capital rules continue to expand and evolve. In December 2007, U.S. banking regulators ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 194.00 Td (published final Basel 2 rules. ) Tj ET Q q 0 0 0 rg BT 202.56 194.00 Td (The Company measures and reports its capital ratios and related information ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 180.80 Td (under Basel 2 on a confidential basis to U.S. banking regulators during the required parallel period, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 167.60 Td (during which it provides the U.S. banking regulators both Basel 1 and Basel 2 related information in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 154.40 Td (parallel. ) Tj ET Q q 0 0 0 rg BT 110.28 154.40 Td (The parallel period would continue until the Company receives regulatory approval to exit ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 141.20 Td (parallel reporting and subsequently begin publicly reporting its Basel 2 regulatory capital results and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 128.00 Td (related disclosures.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 108.80 Td (In July 2013, U.S. banking regulators approved the final Basel 3 rules to be ef) Tj ET Q q 0 0 0 rg BT 414.86 108.80 Td (fective January 1, 2014. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 95.60 Td (Basel 3 will materially change ) Tj ET Q q 0 0 0 rg BT 208.34 95.60 Td (T) Tj ET Q q 0 0 0 rg BT 214.67 95.60 Td (ier 1 common, ) Tj ET Q q 0 0 0 rg BT 281.07 95.60 Td (T) Tj ET Q q 0 0 0 rg BT 287.40 95.60 Td (ier 1 and ) Tj ET Q q 0 0 0 rg BT 328.44 95.60 Td (T) Tj ET Q q 0 0 0 rg BT 334.39 95.60 Td (otal capital calculations. Under the Basel 3 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 82.40 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 118.73 82.40 Td (Approach, the Company estimates its ) Tj ET Q q 0 0 0 rg BT 285.95 82.40 Td (T) Tj ET Q q 0 0 0 rg BT 292.28 82.40 Td (ier 1 common capital ratio will be 9.60% on a fully ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 69.20 Td (phased-in basis.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I19 Do Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (The Federal Reserve requires bank holding companies to submit a capital plan and requests for capital ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (actions on an annual basis, consistent with the rules governing the Comprehensive Capital ) Tj ET Q q 0 0 0 rg BT 470.98 699.20 Td (Analysis and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (Review \(“CCAR”\). ) Tj ET Q q 0 0 0 rg BT 160.70 686.00 Td (The CCAR is the central element to the Federal Reserve's approach to ensuring lar) Tj ET Q q 0 0 0 rg BT 523.84 686.00 Td (ge ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (bank holding companies have adequate capital and robust processes for managing their capital. In January ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 659.60 Td (2013, the Company submitted its 2013 capital plan and related supervisory stress tests. In March 2013, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 646.40 Td (the Federal Reserve informed the Company that it did not object to the Company's capital plan and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 633.20 Td (proposed capital actions.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 614.00 Td (Economic Capital) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 594.80 Td (The economic capital measurement process provides a risk-based measurement of the capital required for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 581.60 Td (unexpected credit, market and operational losses over a one-year time horizon at a 99.97% confidence ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 568.40 Td (level. Economic capital is allocated to each business unit and is used for capital adequacy) Tj ET Q q 0 0 0 rg BT 465.01 568.40 Td (, performance ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 555.20 Td (measurement and risk management purposes. ) Tj ET Q q 0 0 0 rg BT 274.63 555.20 Td (The strategic planning process utilizes economic capital ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 542.00 Td (with the goal of allocating risk appropriately and measuring returns consistently across all businesses and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 528.80 Td (activities. Economic capital allocation plans are incorporated into the Company's financial plan which is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 515.60 Td (approved by the Board on an annual basis. Ef) Tj ET Q q 0 0 0 rg BT 271.89 515.60 Td (fective January 1, 2013, on a prospective basis, the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 502.40 Td (Company adjusted the amount of capital being allocated to its business segments. ) Tj ET Q q 0 0 0 rg BT 433.20 502.40 Td (The refined ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 489.20 Td (methodology \(allocated capital\) considers the ef) Tj ET Q q 0 0 0 rg BT 283.47 489.20 Td (fect of regulatory capital requirements in addition to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 476.00 Td (internal risk-based economic capital models.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 456.80 Td (Economic capital for credit risk captures two types of risks: default risk, which represents the loss of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 443.60 Td (principal due to outright default or the borrower's inability to repay an obligation in full, and migration ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 430.40 Td (risk, which represents potential loss in market value due to credit deterioration over a one-year capital ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 417.20 Td (time horizon. Credit risk is assessed and modeled for all on- and of) Tj ET Q q 0 0 0 rg BT 366.59 417.20 Td (f-balance sheet credit exposures within ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 404.00 Td (sub-categories for commercial, retail, counterparty and investment securities. ) Tj ET Q q 0 0 0 rg BT 414.20 404.00 Td (The economic capital ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 390.80 Td (methodology captures dimensions such as concentration and country risk and originated securitizations. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 377.60 Td (The economic capital methodology is based on the probability of default, loss given default, exposure at ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 364.40 Td (default and maturity for each credit exposure, and the portfolio correlations across exposures.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 345.20 Td (Market risk reflects the potential loss in the value of financial instruments or portfolios due to movements ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 332.00 Td (in interest and currency exchange rates, equity and futures prices, the implied volatility of interest rates, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 318.80 Td (credit spreads, and other economic and business factors. ) Tj ET Q q 0 0 0 rg BT 321.66 318.80 Td (The Company's primary market risk exposures ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 305.60 Td (are in its trading portfolio, equity investments, mortgage servicing rights and the interest rate exposure of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 292.40 Td (its core balance sheet. Economic capital is determined by utilizing the same models used to manage these ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 279.20 Td (risks including, for example, ) Tj ET Q q 0 0 0 rg BT 200.72 279.20 Td (V) Tj ET Q q 0 0 0 rg BT 207.44 279.20 Td (alue at Risk, simulation, stress testing and scenario analysis. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 260.00 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 260.00 Td (America calculates operational risk capital at the business unit level using actuarial-based models ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 246.80 Td (and historical loss data. ) Tj ET Q q 0 0 0 rg BT 177.81 246.80 Td (The calculations are supplemented with scenario analysis and risk control ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 233.60 Td (assessments. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 214.40 Td (Liquidity and Diversified Funding Sour) Tj ET Q q 0 0 0 rg BT 258.24 214.40 Td (ces) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 195.20 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 195.20 Td (America's primary liquidity objective is to provide adequate funding for its businesses throughout ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 182.00 Td (market cycles, including periods of financial stress. ) Tj ET Q q 0 0 0 rg BT 300.59 182.00 Td (T) Tj ET Q q 0 0 0 rg BT 306.54 182.00 Td (o achieve that objective, the Company analyzes and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 168.80 Td (monitors its liquidity risk, maintains excess liquidity and accesses diverse funding sources including a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 155.60 Td (stable deposit base. Bank of ) Tj ET Q q 0 0 0 rg BT 197.25 155.60 Td (America defines excess liquidity as readily available assets, limited to cash ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 142.40 Td (and high-quality) Tj ET Q q 0 0 0 rg BT 143.69 142.40 Td (, liquid, unencumbered securities that can be used to meet its funding requirements as ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 129.20 Td (those obligations arise. ) Tj ET Q q 0 0 0 rg BT 175.67 129.20 Td (The Company believes that a centralized approach to funding and liquidity risk ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 116.00 Td (management enhances its ability to monitor liquidity requirements, maximizes access to funding sources, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 102.80 Td (minimizes borrowing costs and facilitates timely responses to liquidity events.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 83.60 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 83.60 Td (America maintains excess liquidity at the Parent and selected subsidiaries in the form of cash and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 70.40 Td (high-quality) Tj ET Q q 0 0 0 rg BT 125.06 70.40 Td (, liquid, unencumbered securities. ) Tj ET Q q 0 0 0 rg BT 276.06 70.40 Td (These assets, which are called Global Excess Liquidity ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 57.20 Td (Sources, serve as the primary means of liquidity risk mitigation. ) Tj ET Q q 0 0 0 rg BT 356.52 57.20 Td (The Company's cash is primarily on ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I20 Do Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (16) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (deposit with the Federal Reserve and central banks outside of the U.S. Bank of ) Tj ET Q q 0 0 0 rg BT 420.86 712.40 Td (America limits the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (composition of high-quality) Tj ET Q q 0 0 0 rg BT 194.11 699.20 Td (, liquid, unencumbered securities to U.S. government securities, U.S. agency ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (securities, U.S. agency mortgage-backed securities and a select group of non-U.S. government and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (supranational securities. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 653.60 Td (The Company believes that it could quickly obtain cash for these securities, even in stressed market ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 640.40 Td (conditions, through repurchase agreements or outright sales. Bank of ) Tj ET Q q 0 0 0 rg BT 377.17 640.40 Td (America holds Global Excess ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 627.20 Td (Liquidity Sources in entities that allow it to meet the liquidity requirements of global businesses, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 614.00 Td (considers the impact of potential regulatory) Tj ET Q q 0 0 0 rg BT 262.81 614.00 Td (, tax, legal and other restrictions that could limit the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 600.80 Td (transferability of funds among entities.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 581.60 Td (Global Excess Liquidity Sources totaled $342 billion at June 30, 2013. Global Excess Liquidity Sources ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 568.40 Td (available to the Parent at June 30, 2013 totaled $95 billion. ) Tj ET Q q 0 0 0 rg BT 333.60 568.40 Td (The decrease in parent company liquidity ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 555.20 Td (from December 31, 2012 was primarily due to debt maturities and capital actions. ) Tj ET Q q 0 0 0 rg BT 434.39 555.20 Td (T) Tj ET Q q 0 0 0 rg BT 440.34 555.20 Td (ypically) Tj ET Q q 0 0 0 rg BT 475.06 555.20 Td (, Parent cash ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 542.00 Td (is deposited overnight at BANA.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 522.80 Td (Global Excess Liquidity Sour) Tj ET Q q 0 0 0 rg BT 209.64 522.80 Td (ces) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 503.60 Td (\(in $ billions\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 473.1 m 340.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 473.1 m 428.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 473.1 m 539.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 459.1 m 340.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 459.1 m 428.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 459.1 m 539.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 414.1 m 340.5 414.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 414.1 m 428.5 414.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 414.1 m 539.5 414.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 400.1 m 340.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 414.1 m 428.5 414.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 400.1 m 428.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 414.1 m 539.5 414.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 400.1 m 539.5 400.1 l s BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 477.15 Td (Global Excess Liquidity Sources) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 361.10 463.15 Td (June 30, 2013) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 447.30 463.15 Td (December) Tj ET Q q 0 0 0 rg BT 494.74 463.15 Td ( 31, 2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 448.97 Td (Parent company) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 408.50 448.97 Td ($95) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 514.00 448.97 Td ($103) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 433.97 Td (Bank subsidiaries) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 408.50 433.97 Td (221) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 519.50 433.97 Td (247) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 418.97 Td (Broker / dealers) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 414.00 418.97 Td (26) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 525.00 418.97 Td (22) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 404.15 Td (Total global excess liquidity sources) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 403.00 404.15 Td ($342) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 514.00 404.15 Td ($372) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 376.1 m 340.5 376.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 376.1 m 428.5 376.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 376.1 m 539.5 376.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 362.1 m 340.5 362.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 362.1 m 428.5 362.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 362.1 m 539.5 362.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 302.1 m 340.5 302.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 302.1 m 428.5 302.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 302.1 m 539.5 302.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 288.1 m 340.5 288.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 288.1 m 428.5 288.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 288.1 m 539.5 288.1 l s BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 380.15 Td (Global Excess Liquidity Sources) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 363.85 366.15 Td (June 30 2013) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 450.05 366.15 Td (December 31 2012) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 351.97 Td (Cash on deposit) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 408.50 351.97 Td ($54) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 519.50 351.97 Td ($65) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 336.97 Td (U.S. Treasuries) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 414.00 336.97 Td (12) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 525.00 336.97 Td (21) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 321.97 Td (U.S. agency securities and mortgage-backed securities) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 408.50 321.97 Td (261) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 519.50 321.97 Td (271) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 306.97 Td (Non-U.S. government and supranational securities) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 414.00 306.97 Td (15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 525.00 306.97 Td (15) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 74.00 292.15 Td (Total global excess liquidity sources) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 403.00 292.15 Td ($342) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 514.00 292.15 Td ($372) Tj ET Q BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 269.40 Td (The Company uses a variety of metrics to determine the appropriate amounts of excess liquidity to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 256.20 Td (maintain at the Parent and the bank and broker) Tj ET Q q 0 0 0 rg BT 277.04 256.20 Td (-dealer subsidiaries. One metric the Company uses to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 243.00 Td (evaluate the appropriate level of excess liquidity at the Parent is “time-to-required funding.” ) Tj ET Q q 0 0 0 rg BT 479.88 243.00 Td (This debt ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 229.80 Td (coverage measure indicates the number of months that the Parent can continue to meet its unsecured ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 216.60 Td (contractual obligations as they come due using only its Global Excess Liquidity Sources without issuing ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 203.40 Td (any new debt or accessing any additional liquidity sources. Bank of ) Tj ET Q q 0 0 0 rg BT 371.37 203.40 Td (America defines unsecured ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 190.20 Td (contractual obligations for purposes of this metric as maturities of senior or subordinated debt issued or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 177.00 Td (guaranteed by the Parent or MLCO. ) Tj ET Q q 0 0 0 rg BT 232.78 177.00 Td (The Company has established a tar) Tj ET Q q 0 0 0 rg BT 386.24 177.00 Td (get for time-to-required funding of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 163.80 Td (21 months. ) Tj ET Q q 0 0 0 rg BT 123.44 163.80 Td (The metric was 32 months at June 30, 2013. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 144.60 Td (The Company utilizes liquidity stress models to assist in determining the appropriate amounts of excess ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 131.40 Td (liquidity to maintain at the Parent, the bank and broker) Tj ET Q q 0 0 0 rg BT 312.50 131.40 Td (-dealer subsidiaries. ) Tj ET Q q 0 0 0 rg BT 403.02 131.40 Td (These models are risk ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 118.20 Td (sensitive and have become increasingly important in analyzing its potential contractual and contingent ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 105.00 Td (cash outflows beyond those outflows considered in the time-to-required funding analysis. ) Tj ET Q q 0 0 0 rg BT 468.33 105.00 Td (The Company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 91.80 Td (evaluates the liquidity requirements under a range of scenarios with varying levels of severity and time ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 78.60 Td (horizons. ) Tj ET Q q 0 0 0 rg BT 115.18 78.60 Td (The scenarios incorporate marketwide and Company-specific events, including potential credit ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I21 Do Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (17) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (rating downgrades for the Parent and its subsidiaries, and are based on historical experience, regulatory ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (guidance, and both expected and unexpected future events.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 680.00 Td (Major) Tj ET Q q 0 0 0 rg BT 101.73 680.00 Td ( Funding Sour) Tj ET Q q 0 0 0 rg BT 169.39 680.00 Td (ces) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 660.80 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 660.80 Td (America funds its assets primarily with a mix of deposits, secured and unsecured liabilities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 647.60 Td (through a globally coordinated funding strategy) Tj ET Q q 0 0 0 rg BT 281.15 647.60 Td (. ) Tj ET Q q 0 0 0 rg BT 286.45 647.60 Td (The Company diversifies funding globally across ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 634.40 Td (products, programs, markets, currencies and investor groups and funds a substantial portion of its lending ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 621.20 Td (activities through deposits, which are diversified by clients, product type and geography) Tj ET Q q 0 0 0 rg BT 458.93 621.20 Td (. ) Tj ET Q q 0 0 0 rg BT 464.23 621.20 Td (The Company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 608.00 Td (considers a substantial portion of its deposits to be a stable, low-cost and consistent source of funding. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 594.80 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 594.80 Td (America believes this deposit funding is generally less sensitive to interest rate changes, market ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 581.60 Td (volatility or changes in its credit ratings than wholesale funding sources. Lending activities may also be ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 568.40 Td (financed through secured borrowings, including securitizations with government-sponsored enterprises, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 555.20 Td (the Federal Housing ) Tj ET Q q 0 0 0 rg BT 163.35 555.20 Td (Administration and private-label investors, as well as Federal Home Loan Bank ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 542.00 Td (loans.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 522.80 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 522.80 Td (America issues the majority of its long-term unsecured debt at the Parent. ) Tj ET Q q 0 0 0 rg BT 435.62 522.80 Td (The Company may ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 509.60 Td (also issue long-term debt through BANA. ) Tj ET Q q 0 0 0 rg BT 258.47 509.60 Td (The Company seeks to mitigate refinancing risk by actively ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 496.40 Td (managing the amount of the borrowings that it anticipates will mature within any month or quarter) Tj ET Q q 0 0 0 rg BT 504.87 496.40 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 477.20 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 477.20 Td (rading activities in broker) Tj ET Q q 0 0 0 rg BT 191.44 477.20 Td (-dealer subsidiaries are primarily funded on a secured basis through securities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 464.00 Td (lending and repurchase agreements, and these amounts will vary based on customer activity and market ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 450.80 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 123.13 450.80 Td (The Company believes funding these activities in the secured financing markets is more cost-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 437.60 Td (ef) Tj ET Q q 0 0 0 rg BT 80.35 437.60 Td (ficient and less sensitive to changes in its credit ratings than unsecured financing. Repurchase ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 424.40 Td (agreements are generally short-term and often overnight. Disruptions in secured financing markets for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 411.20 Td (financial institutions have occurred in prior market cycles which resulted in adverse changes in terms or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 398.00 Td (significant reductions in the availability of such financing. ) Tj ET Q q 0 0 0 rg BT 331.15 398.00 Td (The Company manages the liquidity risks ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 384.80 Td (arising from secured funding by sourcing funding globally from a diverse group of counterparties, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 371.60 Td (providing a range of securities collateral and pursuing longer durations, when appropriate.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 352.40 Td (The Company's U.S. bank subsidiaries can access contingency funding through the Federal Reserve ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 339.20 Td (Discount ) Tj ET Q q 0 0 0 rg BT 114.27 339.20 Td (W) Tj ET Q q 0 0 0 rg BT 124.21 339.20 Td (indow) Tj ET Q q 0 0 0 rg BT 151.00 339.20 Td (. Certain non-U.S. subsidiaries have access to central bank facilities in the jurisdictions ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 326.00 Td (in which they operate. ) Tj ET Q q 0 0 0 rg BT 172.29 326.00 Td (While the Company does not rely on these sources in its liquidity modeling, it ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 312.80 Td (maintains the policies, procedures and governance processes that would enable it to access these sources, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 299.60 Td (if necessary) Tj ET Q q 0 0 0 rg BT 123.51 299.60 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 280.40 Td (Additional information on liquidity sources can be found in the Bank of ) Tj ET Q q 0 0 0 rg BT 390.33 280.40 Td (America 2012 ) Tj ET Q q 0 0 0 rg BT 455.09 280.40 Td (Annual Report on ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 267.20 Td (Form 10-K.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I22 Do Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (18) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 191.66 710.55 Td ( DERIV) Tj ET Q q 0 0 0 rg BT 238.48 710.55 Td (A) Tj ET Q q 0 0 0 rg BT 247.55 710.55 Td (TIVES ) Tj ET Q q 0 0 0 rg BT 292.29 710.55 Td (AND HEDGING ) Tj ET Q q 0 0 0 rg BT 396.53 710.55 Td (ACTIVITIES) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 691.35 Td (Derivatives are entered into on behalf of customers, for trading, or to support risk management activities. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 678.15 Td (Derivatives used in risk management activities include derivatives that may or may not be designated in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 664.95 Td (qualifying hedge accounting relationships. Derivatives that are not designated in qualifying hedge ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 651.75 Td (accounting relationships are referred to as other risk management derivatives.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 632.55 Td (The Company's ) Tj ET Q q 0 0 0 rg BT 143.03 632.55 Td (Asset Liability Management \(“ALM”\) and risk management activities include the use of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 619.35 Td (derivatives to mitigate risk to the Company including derivatives designated in qualifying hedge ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 606.15 Td (accounting relationships and derivatives used in other risk management activities. Interest rate, foreign ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 592.95 Td (exchange, equity) Tj ET Q q 0 0 0 rg BT 145.81 592.95 Td (, commodity and credit contracts are utilized in the Company's ) Tj ET Q q 0 0 0 rg BT 423.63 592.95 Td (ALM and risk ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 579.75 Td (management activities.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 560.55 Td (The Company maintains an overall interest rate risk management strategy that incorporates the use of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 547.35 Td (interest rate contracts, which are generally non-leveraged generic interest rate and basis swaps, options, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 534.15 Td (futures and forwards, to minimize significant fluctuations in earnings that are caused by interest rate ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 520.95 Td (volatility) Tj ET Q q 0 0 0 rg BT 111.00 520.95 Td (. ) Tj ET Q q 0 0 0 rg BT 116.31 520.95 Td (The Company's goal is to manage interest rate sensitivity and volatility so that movements in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 507.75 Td (interest rates do not significantly adversely af) Tj ET Q q 0 0 0 rg BT 272.18 507.75 Td (fect earnings or capital. ) Tj ET Q q 0 0 0 rg BT 377.55 507.75 Td (As a result of interest rate ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 494.55 Td (fluctuations, hedged fixed-rate assets and liabilities appreciate or depreciate in fair value. Gains or losses ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 481.35 Td (on the derivative instruments that are linked to the hedged fixed-rate assets and liabilities are expected to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 468.15 Td (substantially of) Tj ET Q q 0 0 0 rg BT 139.32 468.15 Td (fset this unrealized appreciation or depreciation.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 448.95 Td (Market risk, including interest rate risk, can be substantial in the mortgage business. Market risk is the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 435.75 Td (risk that values of mortgage assets or revenues will be adversely af) Tj ET Q q 0 0 0 rg BT 365.95 435.75 Td (fected by changes in market conditions ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 422.55 Td (such as interest rate movements. ) Tj ET Q q 0 0 0 rg BT 217.20 422.55 Td (T) Tj ET Q q 0 0 0 rg BT 223.15 422.55 Td (o mitigate the interest rate risk in mortgage banking production income, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 409.35 Td (the Company utilizes forward loan sale commitments and other derivative instruments including ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 396.15 Td (purchased options and certain debt securities. ) Tj ET Q q 0 0 0 rg BT 274.32 396.15 Td (The Company also utilizes derivatives such as interest rate ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 382.95 Td (options, interest rate swaps, forward settlement contracts and Eurodollar futures to hedge certain market ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 369.75 Td (risks of mortgage servicing rights. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 350.55 Td (The Company uses foreign exchange contracts to manage the foreign exchange risk associated with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 337.35 Td (certain foreign currency-denominated assets and liabilities, as well as the Company's investments in non-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 324.15 Td (U.S. subsidiaries. Foreign exchange contracts, which include spot and forward contracts, represent ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 310.95 Td (agreements to exchange the currency of one country for the currency of another country at an agreed-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 297.75 Td (upon price on an agreed-upon settlement date. Exposure to loss on these contracts will increase or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 284.55 Td (decrease over their respective lives as currency exchange and interest rates fluctuate.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 265.35 Td (The Company enters into derivative commodity contracts, such as futures, swaps, options and forwards, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 252.15 Td (as well as non-derivative commodity contracts, to provide price risk management services to customers or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 238.95 Td (to manage price risk associated with its physical and financial commodity positions. ) Tj ET Q q 0 0 0 rg BT 444.80 238.95 Td (The non-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 225.75 Td (derivative commodity contracts and physical inventories of commodities expose the Company to earnings ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 212.55 Td (volatility) Tj ET Q q 0 0 0 rg BT 111.00 212.55 Td (. Cash flow and fair value accounting hedges provide a method to mitigate a portion of this ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 199.35 Td (earnings volatility) Tj ET Q q 0 0 0 rg BT 151.02 199.35 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 180.15 Td (The Company purchases credit derivatives to manage credit risk related to certain funded and unfunded ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 166.95 Td (credit exposures. Credit derivatives include credit default swaps, total return swaps, and swaptions.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 147.75 Td (The Company utilizes derivatives to hedge long-term debt. Hedges are transacted with BANA) Tj ET Q q 0 0 0 rg BT 485.91 147.75 Td ( as the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 134.55 Td (counterparty to certain Bank of ) Tj ET Q q 0 0 0 rg BT 211.59 134.55 Td (America legal entities, including BAC. BANA) Tj ET Q q 0 0 0 rg BT 416.58 134.55 Td ( then of) Tj ET Q q 0 0 0 rg BT 449.99 134.55 Td (fsets the derivative ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 121.35 Td (with third-party counterparties.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 102.15 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 102.15 Td ( uses derivatives to hedge interest rate, foreign exchange and other risks. Derivative transactions ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 88.95 Td (are not a significant part of FIA's operations. Derivatives utilized for customers and for trading are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 75.75 Td (transacted through multiple entities, including but not limited to BANA, MLPFS, MLIB and MLI.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I23 Do Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (19) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (The following tables present derivative instruments included on the Company's Consolidated Balance ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (Sheet in derivative assets and liabilities at June 30, 2013, and December 31, 2012. Balances are presented ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (on a gross basis, prior to the application of counterparty and cash collateral netting. ) Tj ET Q q 0 0 0 rg BT 440.80 686.00 Td (T) Tj ET Q q 0 0 0 rg BT 446.75 686.00 Td (otal derivative assets ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (and liabilities are adjusted on an aggregate basis to take into consideration the ef) Tj ET Q q 0 0 0 rg BT 425.82 672.80 Td (fects of legally ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 659.60 Td (enforceable master netting agreements and have been reduced by the cash collateral received or paid.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 640.40 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 640.40 Td (America Derivative Balances) Tj ET Q /GS0 gs q 468.00 0 0 375.05 72.00 254.35 cm /I24 Do Q BT /F2 10.00 Tf ET /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I25 Do Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (20) Tj ET Q /GS0 gs q 468.00 0 0 375.45 72.00 344.57 cm /I26 Do Q BT /F2 10.00 Tf ET /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I27 Do Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (21) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MEMBERSHIPS IN MA) Tj ET Q q 0 0 0 rg BT 221.86 710.55 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 274.77 710.55 Td ( P) Tj ET Q q 0 0 0 rg BT 285.78 710.55 Td (A) Tj ET Q q 0 0 0 rg BT 294.61 710.55 Td (YMENT) Tj ET Q q 0 0 0 rg BT 345.68 710.55 Td (, CLEARING ) Tj ET Q q 0 0 0 rg BT 430.86 710.55 Td (AND ) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 693.75 Td (SETTLEMENT) Tj ET Q q 0 0 0 rg BT 168.22 693.75 Td ( SYSTEMS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 674.55 Td (As an essential part of engaging in the financial services industry and serving customers and clients, Bank ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 661.35 Td (of ) Tj ET Q q 0 0 0 rg BT 83.31 661.35 Td (America participates in payment, clearing and settlement systems, also known as Financial Market ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 648.15 Td (Utilities \(“FMUs”\), to conduct financial transactions in a global economy) Tj ET Q q 0 0 0 rg BT 395.09 648.15 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 628.95 Td (These systems allow Bank of ) Tj ET Q q 0 0 0 rg BT 203.07 628.95 Td (America to provide payment services to customers and clients, to serve as a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 615.75 Td (broker) Tj ET Q q 0 0 0 rg BT 100.49 615.75 Td (-dealer for securities transactions and to engage in derivatives transactions as needed to manage ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 602.55 Td (risk, secure funding and meet the needs of customers and clients. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 583.35 Td (“Membership” means that certain Bank of ) Tj ET Q q 0 0 0 rg BT 260.16 583.35 Td (America legal entities have direct access to certain FMUs to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 570.15 Td (serve its customers and clients around the globe. Examples of FMUs of which Bank of ) Tj ET Q q 0 0 0 rg BT 455.71 570.15 Td (America is a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 556.95 Td (member include the following:) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 537.75 Td (Clearing House ) Tj ET Q q 0 0 0 rg BT 147.17 537.75 Td (Automated Payment System ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 283.12 537.75 Td (\(“CHAPS”\) is the U.K.'s interbank payment system for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 524.55 Td (lar) Tj ET Q q 0 0 0 rg BT 83.40 524.55 Td (ge value sterling payments. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 505.35 Td (Clearing House Interbank Payments System ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 283.14 505.35 Td (\(“CHIPS”\), a U.S. payments system, is a service of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 492.15 Td (Clearing House Payments Company L.L.C. \(“The Clearing House”\) which, in turn, is owned by the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 478.95 Td (world's lar) Tj ET Q q 0 0 0 rg BT 118.08 478.95 Td (gest commercial banks. It processes a lar) Tj ET Q q 0 0 0 rg BT 297.78 478.95 Td (ge proportion of U.S. dollar cross-border payments ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 465.75 Td (and an increasing volume of U.S. domestic payments. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 446.55 Td (CLS Bank International) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 186.31 446.55 Td ( \(“CLS Bank”\) is a multi-currency cash settlement system. ) Tj ET Q q 0 0 0 rg BT 446.98 446.55 Td (Through its CLS ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 433.35 Td (Settlement platform, CLS Bank settles payment instructions related to trades in foreign exchange spot ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 420.15 Td (contracts, forwards, options, and swaps; non-deliverable forwards; and credit derivatives. Foreign ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 406.95 Td (exchange settlement services are of) Tj ET Q q 0 0 0 rg BT 227.56 406.95 Td (fered for 17 currencies. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 387.75 Td (CME Gr) Tj ET Q q 0 0 0 rg BT 113.65 387.75 Td (oup Inc.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 152.17 387.75 Td ( \(“CME Group”\) provides clearing and settlement services for futures, options, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 374.55 Td (over) Tj ET Q q 0 0 0 rg BT 91.33 374.55 Td (-the-counter derivatives products. ) Tj ET Q q 0 0 0 rg BT 242.02 374.55 Td (These clearing and settlement services are provided by the CME ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 361.35 Td (Clearing division of CME Group's wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 337.25 361.35 Td (, Chicago Mercantile Exchange Inc. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 348.15 Td (\(“CME”\). CME Clearing clears and settles futures and options contracts traded on the CME and five ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 334.95 Td (other futures and options exchanges. CME Clearing also provides the clearing and settlement services for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 321.75 Td (over) Tj ET Q q 0 0 0 rg BT 91.33 321.75 Td (-the-counter derivatives transactions. CME wholly owns CME Clearing Europe Limited, which was ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 308.55 Td (established in 201) Tj ET Q q 0 0 0 rg BT 151.02 308.55 Td (1 and began providing clearing services for various over) Tj ET Q q 0 0 0 rg BT 398.83 308.55 Td (-the-counter derivatives in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 295.35 Td (Europe.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 276.15 Td (CREST) Tj ET Q q 0 0 0 rg BT 108.48 276.15 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 111.23 276.15 Td (is the U.K.'s Central Securities Depository) Tj ET Q q 0 0 0 rg BT 297.33 276.15 Td (, providing facilities for the dematerialized holding of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 262.95 Td (U.K. equities, electronic transfer funds, gilt securities and money market instruments. CREST) Tj ET Q q 0 0 0 rg BT 485.43 262.95 Td ( is operated ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 249.75 Td (by Euroclear U.K. and Ireland. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 230.55 Td (The Depository ) Tj ET Q q 0 0 0 rg BT 146.96 230.55 Td (T) Tj ET Q q 0 0 0 rg BT 153.48 230.55 Td (rust Company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 223.77 230.55 Td (\(“DTC”\) is a central securities depository providing depository and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 217.35 Td (book-entry services for eligible securities and other financial assets to its participants, which are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 204.15 Td (principally banks and broker) Tj ET Q q 0 0 0 rg BT 197.94 204.15 Td (-dealers. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 184.95 Td (Electr) Tj ET Q q 0 0 0 rg BT 100.50 184.95 Td (onic Payments Network) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 212.32 184.95 Td ( \(“EPN”\) is an electronic payment system providing automated clearing ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 171.75 Td (house \(“ACH”\) services that is owned and operated by ) Tj ET Q q 0 0 0 rg BT 315.86 171.75 Td (The Clearing House. It facilitates exchanges of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 158.55 Td (batched debit and credit payments among business, consumer and government accounts. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 139.35 Td (Eur) Tj ET Q q 0 0 0 rg BT 90.14 139.35 Td (ex Clearing ) Tj ET Q q 0 0 0 rg BT 146.35 139.35 Td (AG ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 165.60 139.35 Td (is a central counterparty or) Tj ET Q q 0 0 0 rg BT 283.29 139.35 Td (ganized under the laws of Germany) Tj ET Q q 0 0 0 rg BT 439.27 139.35 Td (. It provides central ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 126.15 Td (counterparty clearing services for derivatives traded on the Eurex exchanges, over) Tj ET Q q 0 0 0 rg BT 433.09 126.15 Td (-the-counter interest ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 112.95 Td (rate swaps and credit default swaps, Eurex Bonds \(a fixed income trading platform\), Eurex Repo \(a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 99.75 Td (trading platform for repo\), Frankfurt Stock Exchange, Irish Stock Exchange, and Co-operation products ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 86.55 Td (on the European Ener) Tj ET Q q 0 0 0 rg BT 167.40 86.55 Td (gy Exchange.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I28 Do Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (22) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (Eur) Tj ET Q q 0 0 0 rg BT 90.14 712.60 Td (oclear) Tj ET Q q 0 0 0 rg BT 118.64 712.60 Td ( Bank) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 146.46 712.60 Td ( provides International Central Securities Depository services and settlement services for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.40 Td (cross-border transactions involving domestic and international bonds, equities, derivatives and investment ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.20 Td (funds. It is a primary provider of settlement services for Eurobonds. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 667.00 Td (Eur) Tj ET Q q 0 0 0 rg BT 90.14 667.00 Td (opean Central Counterparty Limited ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 267.35 667.00 Td (is the European clearing subsidiary of the Depository ) Tj ET Q q 0 0 0 rg BT 504.20 667.00 Td (T) Tj ET Q q 0 0 0 rg BT 510.53 667.00 Td (rust & ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 653.80 Td (Clearing Corporation. It is based in London and provides central clearing for a range of European cash ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 640.60 Td (equities. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 621.40 Td (FedACH Services) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 155.40 621.40 Td ( is an electronic payment system providing ) Tj ET Q q 0 0 0 rg BT 346.33 621.40 Td (ACH services that is owned and operated ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 608.20 Td (by the Federal Reserve Banks. ) Tj ET Q q 0 0 0 rg BT 208.65 608.20 Td (The ) Tj ET Q q 0 0 0 rg BT 227.90 608.20 Td (ACH system exchanges batched debit and credit payments among ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 595.00 Td (business, consumer and government accounts. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 575.80 Td (Fedwir) Tj ET Q q 0 0 0 rg BT 105.40 575.80 Td (e Funds Service) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 179.34 575.80 Td ( is a wire transfer service provider that is owned and operated by the Federal ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 562.60 Td (Reserve Banks. It processes the purchase and sale of federal funds; the purchase, sale and financing of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 549.40 Td (securities transactions; the disbursement or repayment of loans; the settlement of cross-border U.S. dollar ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 536.20 Td (commercial transactions; and the settlement of real estate transactions and other high-value, time-critical ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 523.00 Td (payments. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 503.80 Td (Fedwir) Tj ET Q q 0 0 0 rg BT 105.40 503.80 Td (e Securities Service) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 195.81 503.80 Td ( is a national securities book entry system that is owned and operated by the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 490.60 Td (Federal Reserve Banks. It conducts real-time transfers of securities and related funds. Fedwire Securities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 477.40 Td (provides for the issuance, maintenance, safekeeping, transfer and settlement for ) Tj ET Q q 0 0 0 rg BT 424.58 477.40 Td (T) Tj ET Q q 0 0 0 rg BT 430.91 477.40 Td (reasury securities, for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 464.20 Td (many federal government agency and government-sponsored enterprise securities and for certain ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 451.00 Td (international or) Tj ET Q q 0 0 0 rg BT 139.31 451.00 Td (ganizations' securities. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 431.80 Td (Fixed Income Clearing Corporation ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 243.70 431.80 Td (\(“FICC”\), a subsidiary of DTC, which, in turn, is owned by its ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 418.60 Td (users, including major banks, broker) Tj ET Q q 0 0 0 rg BT 232.47 418.60 Td (-dealers and other financial institutions. FICC operates two divisions, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 405.40 Td (the Government Securities Division \(“GSD”\) and the Mortgage Backed Securities Division \(“MBSD”\). ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 392.20 Td (GSD is a central counterparty and provides real-time trade matching, netting and clearing services for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 379.00 Td (trades in U.S. government debt issues, including repurchase agreements. Securities transactions processed ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 365.80 Td (by GSD include ) Tj ET Q q 0 0 0 rg BT 145.43 365.80 Td (T) Tj ET Q q 0 0 0 rg BT 151.77 365.80 Td (reasury bills, bonds, notes and government agency securities. MBSD is a central ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 352.60 Td (counterparty and provides real-time trade matching, netting, and clearing services for the mortgage-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 339.40 Td (backed securities market.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 320.20 Td (Japan Government Bond Clearing Corporation) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 295.67 320.20 Td ( is a central counterparty for OTC transactions of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 307.00 Td (Japanese Government Bonds. It is owned by its clearing participants and subject to Bank of Japan's ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 293.80 Td (oversight.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 274.60 Td (ICE Clear) Tj ET Q q 0 0 0 rg BT 120.38 274.60 Td ( Cr) Tj ET Q q 0 0 0 rg BT 135.75 274.60 Td (edit LLC) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 178.84 274.60 Td ( is a central clearing facility for North ) Tj ET Q q 0 0 0 rg BT 347.44 274.60 Td (American credit default swaps. It is a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 261.40 Td (subsidiary of Intercontinental Exchange \(“ICE”\), which operates futures and options exchanges, trading ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 248.20 Td (platforms and clearing houses for global trading in commodities, currency) Tj ET Q q 0 0 0 rg BT 397.53 248.20 Td (, credit and equity indices. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 229.00 Td (ICE Clear) Tj ET Q q 0 0 0 rg BT 120.38 229.00 Td ( Eur) Tj ET Q q 0 0 0 rg BT 141.27 229.00 Td (ope) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 157.77 229.00 Td (, a London-based clearing house, is a subsidiary of ICE. It provides clearing and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 215.80 Td (settlement services for all futures and options trades on the ICE Futures Europe exchange, as well as for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 202.60 Td (the ener) Tj ET Q q 0 0 0 rg BT 106.92 202.60 Td (gy futures contracts traded on ICE's New ) Tj ET Q q 0 0 0 rg BT 290.24 202.60 Td (Y) Tj ET Q q 0 0 0 rg BT 297.09 202.60 Td (ork-based ICE Futures U.S. exchange.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 183.40 Td (LCH.Clearnet Limited) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 179.54 183.40 Td ( is a central counterparty incorporated under the laws of England and ) Tj ET Q q 0 0 0 rg BT 488.75 183.40 Td (W) Tj ET Q q 0 0 0 rg BT 498.26 183.40 Td (ales. It is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 170.20 Td (also a Derivatives Clearing Or) Tj ET Q q 0 0 0 rg BT 205.59 170.20 Td (ganization in the U.S. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 151.00 Td (National Securities Clearing Corporation) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 266.01 151.00 Td ( \(“NSCC”\), a U.S. securities clearing agency) Tj ET Q q 0 0 0 rg BT 462.92 151.00 Td (, is a subsidiary ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 137.80 Td (of the Depository ) Tj ET Q q 0 0 0 rg BT 151.54 137.80 Td (T) Tj ET Q q 0 0 0 rg BT 157.87 137.80 Td (rust & Clearing Corporation which, in turn, is owned by its users, including major ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 124.60 Td (banks, broker) Tj ET Q q 0 0 0 rg BT 131.65 124.60 Td (-dealers and other financial institutions. NSCC provides clearing, settlement, risk ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 111.40 Td (management, central counterparty services and a guarantee of completion for certain transactions for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 98.20 Td (virtually all U.S. broker) Tj ET Q q 0 0 0 rg BT 176.56 98.20 Td (-to-broker trades involving equities, corporate and municipal debt, ) Tj ET Q q 0 0 0 rg BT 471.03 98.20 Td (American ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 85.00 Td (depositary receipts, exchange-traded funds and unit investment trusts. ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I29 Do Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (23) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (Options Clearing Corporation) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 214.39 712.60 Td ( is a U.S. futures and options clearing agency) Tj ET Q q 0 0 0 rg BT 412.85 712.60 Td (. It is regulated as a clearing ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.40 Td (agency by the SEC with respect to clearing and settlement services for put and call options on common ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.20 Td (stocks and other equity issues, stock indexes, foreign currencies, interest rate composites and single-stock ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 673.00 Td (futures and by the Commodities Futures ) Tj ET Q q 0 0 0 rg BT 251.45 673.00 Td (T) Tj ET Q q 0 0 0 rg BT 257.78 673.00 Td (rading Commission \(“CFTC”\) with respect to clearing and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (settlement services for transactions in futures and options on futures. In addition, Options Clearing ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 646.60 Td (Corporation provides central counterparty clearing and settlement services for securities lending ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 633.40 Td (transactions.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 614.20 Td (The Society for) Tj ET Q q 0 0 0 rg BT 143.29 614.20 Td ( ) Tj ET Q q 0 0 0 rg BT 145.84 614.20 Td (W) Tj ET Q q 0 0 0 rg BT 156.23 614.20 Td (orldwide Interbank Financial ) Tj ET Q q 0 0 0 rg BT 297.52 614.20 Td (T) Tj ET Q q 0 0 0 rg BT 303.85 614.20 Td (elecommunication ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 392.14 614.20 Td (\(“SWIFT”\) is a member) Tj ET Q q 0 0 0 rg BT 498.52 614.20 Td (-owned ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 601.00 Td (co-operative. It provides a telecommunication platform for the exchange of standardized financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 587.80 Td (messages between financial institutions and corporations.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 568.60 Td (The ) Tj ET Q q 0 0 0 rg BT 92.89 568.60 Td (T) Tj ET Q q 0 0 0 rg BT 99.41 568.60 Td (rans-Eur) Tj ET Q q 0 0 0 rg BT 141.99 568.60 Td (opean ) Tj ET Q q 0 0 0 rg BT 172.25 568.60 Td (Automated Real-time Gr) Tj ET Q q 0 0 0 rg BT 289.35 568.60 Td (oss settlement Expr) Tj ET Q q 0 0 0 rg BT 380.81 568.60 Td (ess ) Tj ET Q q 0 0 0 rg BT 396.80 568.60 Td (T) Tj ET Q q 0 0 0 rg BT 403.32 568.60 Td (ransfer) Tj ET Q q 0 0 0 rg BT 437.33 568.60 Td ( system) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 471.85 568.60 Td ( \(“T) Tj ET Q q 0 0 0 rg BT 488.98 568.60 Td (ARGET2”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 555.40 Td (is the settlement system for cross-border payments in Euro.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I30 Do Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (24) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (DESCRIPTIONS OF) Tj ET Q q 0 0 0 rg BT 199.45 710.55 Td ( FOREIGN OPERA) Tj ET Q q 0 0 0 rg BT 319.75 710.55 Td (TIONS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 691.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 691.35 Td (America is a global company serving clients and customers in more than 150 countries and has ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 678.15 Td (relationships with 99% of the U.S. Fortune) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 260.82 678.15 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 263.57 678.15 Td (500, nearly 96% of the) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 364.06 678.15 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 366.81 678.15 Td (Fortune Global 500 and 33% of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 664.95 Td (FTSE 100.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 645.75 Td (The Company's banking and non-banking subsidiaries provide a diverse range of financial services and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 632.55 Td (products across Europe, Middle East and ) Tj ET Q q 0 0 0 rg BT 254.38 632.55 Td (Africa \(“EMEA”\), as well as ) Tj ET Q q 0 0 0 rg BT 383.88 632.55 Td (Asia and Latin ) Tj ET Q q 0 0 0 rg BT 450.78 632.55 Td (America. ) Tj ET Q q 0 0 0 rg BT 493.95 632.55 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 619.35 Td (Company's primary international objective is to be a global leader in corporate and investment banking, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 606.15 Td (and trading across a broad range of asset classes serving corporations, governments, investors, institutions ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 592.95 Td (and individuals around the world.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 573.75 Td (As of December 31, 2012, Bank of ) Tj ET Q q 0 0 0 rg BT 228.11 573.75 Td (America had approximately 267,000 employees globally) Tj ET Q q 0 0 0 rg BT 477.27 573.75 Td (, operating in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 560.55 Td (over 40 countries. Bank of ) Tj ET Q q 0 0 0 rg BT 191.14 560.55 Td (America has had a presence in EMEA) Tj ET Q q 0 0 0 rg BT 358.52 560.55 Td ( countries since 1922. ) Tj ET Q q 0 0 0 rg BT 456.99 560.55 Td (T) Tj ET Q q 0 0 0 rg BT 462.95 560.55 Td (oday) Tj ET Q q 0 0 0 rg BT 483.61 560.55 Td (, Bank of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 547.35 Td (America has subsidiaries in 32 cities across 23 countries in EMEA, and over 14,000 associates are based ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 534.15 Td (in EMEA) Tj ET Q q 0 0 0 rg BT 113.86 534.15 Td ( countries. Bank of ) Tj ET Q q 0 0 0 rg BT 199.71 534.15 Td (America's most significant international presence is in the United Kingdom. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 520.95 Td (In the ) Tj ET Q q 0 0 0 rg BT 99.49 520.95 Td (Asia-Pacific region, Bank of ) Tj ET Q q 0 0 0 rg BT 227.49 520.95 Td (America subsidiaries are active in 12 countries and territories. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 501.75 Td (Performance by Geographic ) Tj ET Q q 0 0 0 rg BT 207.33 501.75 Td (Ar) Tj ET Q q 0 0 0 rg BT 219.96 501.75 Td (ea) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 482.55 Td (At and for the year ended December 31, 2012, Bank of ) Tj ET Q q 0 0 0 rg BT 316.06 482.55 Td (America had $307 billion of assets and $1) Tj ET Q q 0 0 0 rg BT 501.08 482.55 Td (1 billion ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 469.35 Td (of total revenue, net of interest expense, outside the U.S. ) Tj ET Q q 0 0 0 rg BT 323.51 469.35 Td (The table below shows the Company's assets, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 456.15 Td (total revenues, and income by region. ) Tj ET Q /GS0 gs q 468.00 0 0 173.35 72.00 271.77 cm /I31 Do Q BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 252.55 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 252.55 Td (America's shares are listed on the New ) Tj ET Q q 0 0 0 rg BT 282.20 252.55 Td (Y) Tj ET Q q 0 0 0 rg BT 289.05 252.55 Td (ork, London, and ) Tj ET Q q 0 0 0 rg BT 367.36 252.55 Td (T) Tj ET Q q 0 0 0 rg BT 373.31 252.55 Td (okyo stock exchanges. ) Tj ET Q q 0 0 0 rg BT 475.14 252.55 Td (The Company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 239.35 Td (had $262 billion of long-term debt outstanding as of June 30, 2013, denominated primarily in the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 226.15 Td (following currencies: U.S. dollar) Tj ET Q q 0 0 0 rg BT 216.05 226.15 Td (, ) Tj ET Q q 0 0 0 rg BT 220.95 226.15 Td (Australian dollar) Tj ET Q q 0 0 0 rg BT 294.73 226.15 Td (, British pound, Canadian dollar) Tj ET Q q 0 0 0 rg BT 435.44 226.15 Td (, Euro, Japanese yen, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 212.95 Td (and Swiss franc. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 193.75 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 193.75 Td ( For) Tj ET Q q 0 0 0 rg BT 122.21 193.75 Td (eign Operations) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 174.55 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 174.55 Td ( operates overseas through branches and subsidiaries. BANA) Tj ET Q q 0 0 0 rg BT 370.77 174.55 Td ( has 25 active foreign branches. ) Tj ET Q q 0 0 0 rg BT 512.60 174.55 Td (These ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 161.35 Td (foreign branches of) Tj ET Q q 0 0 0 rg BT 157.32 161.35 Td (fer the following products and services: cash management services, including ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 148.15 Td (payments, deposits, overdrafts, and advances; trade finance services; lending; leasing; foreign currency ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 134.95 Td (and bank note services; extended custodial services; and foreign exchange and derivatives products. ) Tj ET Q q 0 0 0 rg BT 514.09 134.95 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 121.75 Td (Plan identifies two BANA) Tj ET Q q 0 0 0 rg BT 187.80 121.75 Td ( branches as Material Entities. ) Tj ET Q q 0 0 0 rg BT 323.22 121.75 Td (They are located in London, England and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 108.55 Td (Frankfurt, Germany) Tj ET Q q 0 0 0 rg BT 159.26 108.55 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 89.35 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 89.35 Td ( also has international subsidiaries that are primarily Federal Reserve Regulation K subsidiaries ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 76.15 Td (owned through BANA's Edge and agreement corporation subsidiaries and foreign banks. ) Tj ET Q q 0 0 0 rg BT 466.02 76.15 Td (The Federal ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 62.95 Td (Reserve Regulation K subsidiaries are primarily used to conduct commercial banking and other activities ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I32 Do Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (25) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (permissible under Regulation K. No foreign subsidiaries of BANA) Tj ET Q q 0 0 0 rg BT 365.59 712.40 Td ( were identified as Material Entities for ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (the 2013 Resolution Plan.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 680.00 Td (FIA) Tj ET Q q 0 0 0 rg BT 90.34 680.00 Td ( For) Tj ET Q q 0 0 0 rg BT 109.99 680.00 Td (eign Operations) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 660.80 Td (FIA) Tj ET Q q 0 0 0 rg BT 89.12 660.80 Td ( has limited foreign operations as compared to BANA, and it also operates through Regulation K ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 647.60 Td (subsidiaries. FIA) Tj ET Q q 0 0 0 rg BT 146.56 647.60 Td ( has no foreign branches, and its primary Regulation K subsidiary is MBNA) Tj ET Q q 0 0 0 rg BT 481.09 647.60 Td ( Limited, a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 634.40 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 95.53 634.40 Td (Authorized Payment Institution that itself has subsidiaries engaged in financial services activities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 621.20 Td (and providing administrative services to the credit card bank. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 602.00 Td (Subsidiaries Located Outside of the U.S.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 582.80 Td (The Plan identifies four foreign indirect subsidiaries of BAC as Material Entities. MLI, a regulated ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 569.60 Td (international broker) Tj ET Q q 0 0 0 rg BT 158.83 569.60 Td (-dealer) Tj ET Q q 0 0 0 rg BT 188.92 569.60 Td (, and MLCE, a trading entity for business originated outside of the ) Tj ET Q q 0 0 0 rg BT 483.42 569.60 Td (Americas ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 556.40 Td (Region, are both located in the U.K. MLIB, the primary non-U.S. banking entity) Tj ET Q q 0 0 0 rg BT 425.66 556.40 Td (, is incorporated in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 543.20 Td (Ireland. MLJS is a broker) Tj ET Q q 0 0 0 rg BT 184.50 543.20 Td (-dealer located in Japan. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 524.00 Td (Service Companies Located Outside of the U.S.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 504.80 Td (The Plan identifies two foreign service companies as Material Entities. MLGS is located in Singapore and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 491.60 Td (houses selective regional and global support functions. BACI is located in India and provides operations ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 478.40 Td (and technology capabilities supporting all lines of business. International service companies are a key part ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 465.20 Td (of BAC's global servicing strategy with internationally based services centers to provide centralized ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 452.00 Td (global support from economic and time-zone ef) Tj ET Q q 0 0 0 rg BT 281.34 452.00 Td (ficient locations.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I33 Do Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (26) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MA) Tj ET Q q 0 0 0 rg BT 94.29 710.55 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 147.20 710.55 Td ( SUPER) Tj ET Q q 0 0 0 rg BT 196.10 710.55 Td (VISOR) Tj ET Q q 0 0 0 rg BT 239.95 710.55 Td (Y) Tj ET Q q 0 0 0 rg BT 249.54 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 252.27 710.55 Td (AUTHORITIES) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 691.35 Td (U.S. Regulation) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 672.15 Td (America Corporation is subject to the extensive regulatory framework applicable to financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 658.95 Td (holding companies, bank-holding companies, banks and securities firms. ) Tj ET Q q 0 0 0 rg BT 394.30 658.95 Td (As a registered financial holding ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 645.75 Td (company and bank-holding company) Tj ET Q q 0 0 0 rg BT 234.72 645.75 Td (, Bank of ) Tj ET Q q 0 0 0 rg BT 277.49 645.75 Td (America Corporation is subject to the supervision of, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 632.55 Td (regular inspection by) Tj ET Q q 0 0 0 rg BT 164.15 632.55 Td (, the Federal Reserve System. Bank of ) Tj ET Q q 0 0 0 rg BT 334.92 632.55 Td (America Corporation and MLCO are subject ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 619.35 Td (to applicable Securities and Exchange Commission \(“SEC”\) regulations and financial filing requirements. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 606.15 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 606.15 Td ( and FIA, which are the primary banking entities within the Company) Tj ET Q q 0 0 0 rg BT 408.56 606.15 Td (, are subject to regulation, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 592.95 Td (supervision and examination by the Of) Tj ET Q q 0 0 0 rg BT 242.57 592.95 Td (fice of the Comptroller of the Currency \(“OCC”\) and the FDIC. In ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 579.75 Td (addition, the Consumer Financial Protection Bureau, which regulates consumer financial products and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 566.55 Td (services, supervises these entities.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 547.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 547.35 Td (America Corporation's subsidiaries are also subject to various other laws and regulations, as well ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 534.15 Td (as supervision and examination by other regulatory agencies, all of which directly or indirectly af) Tj ET Q q 0 0 0 rg BT 500.36 534.15 Td (fect its ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 520.95 Td (operations and management and its ability to make distributions to stockholders. ) Tj ET Q q 0 0 0 rg BT 428.62 520.95 Td (The U.S. broker) Tj ET Q q 0 0 0 rg BT 499.28 520.95 Td (-dealer ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 507.75 Td (subsidiaries are subject to regulation and supervision by the SEC, New ) Tj ET Q q 0 0 0 rg BT 386.25 507.75 Td (Y) Tj ET Q q 0 0 0 rg BT 393.09 507.75 Td (ork Stock Exchange and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 494.55 Td (Financial Industry Regulatory ) Tj ET Q q 0 0 0 rg BT 206.12 494.55 Td (Authority) Tj ET Q q 0 0 0 rg BT 248.18 494.55 Td (, with respect to their securities activities, and the U.S. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 481.35 Td (Commodities Futures ) Tj ET Q q 0 0 0 rg BT 169.58 481.35 Td (T) Tj ET Q q 0 0 0 rg BT 175.91 481.35 Td (rading Commission, with respect to their U.S. futures activities. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 462.15 Td (Regulators Outside the U.S.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 442.95 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 442.95 Td (America's non-U.S. businesses are also subject to extensive regulation by various non-U.S. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 429.75 Td (regulators, including governments, securities exchanges, central banks and other regulatory bodies, in the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 416.55 Td (jurisdictions in which those businesses operate. BANA's foreign branches are subject to regulation and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 403.35 Td (supervision by local regulatory authorities. ) Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 382.428564453125 m 150.54150390625 382.428564453125 l s q 0 0 0 rg BT 72.00 384.15 Td (United Kingdom) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 364.95 Td (Financial services operations in the United Kingdom, including those of Bank of ) Tj ET Q q 0 0 0 rg BT 429.13 364.95 Td (America, N.A. - London ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 351.75 Td (are subject to supervision by the Prudential Regulatory ) Tj ET Q q 0 0 0 rg BT 315.78 351.75 Td (Authority \(“PRA”\) and / or the Financial Conduct ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 338.55 Td (Authority \(“FCA”\) depending on the nature of the individual entity) Tj ET Q q 0 0 0 rg BT 367.30 338.55 Td (. ) Tj ET Q q 0 0 0 rg BT 372.60 338.55 Td (The PRA, a subsidiary of the Bank of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 325.35 Td (England, is responsible for prudential regulation and supervision of banks, building societies, credit ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 312.15 Td (unions, insurers and major investment firms. ) Tj ET Q q 0 0 0 rg BT 270.99 312.15 Td (The PRA) Tj ET Q q 0 0 0 rg BT 311.64 312.15 Td ( seeks to ensure that a financial firm which fails ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 298.95 Td (does so in a way that avoids significant disruption to the supply of critical financial services. It has close ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 285.75 Td (working relationships with other parts of the Company) Tj ET Q q 0 0 0 rg BT 312.33 285.75 Td (, including the Special Resolution Unit. ) Tj ET Q q 0 0 0 rg BT 488.72 285.75 Td (The FCA, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 272.55 Td (a separate institution from the Bank of England, operates the prudential regulation of those financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 259.35 Td (services firms not supervised by the PRA. It is also responsible for promoting ef) Tj ET Q q 0 0 0 rg BT 424.97 259.35 Td (fective competition, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 246.15 Td (ensuring that relevant markets function well, and for the conduct regulation of all financial services firms. ) Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 225.22856445312505 m 106.63818359375 225.22856445312505 l s q 0 0 0 rg BT 72.00 226.95 Td (Ir) Tj ET Q q 0 0 0 rg BT 80.96 226.95 Td (eland) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 207.75 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 112.02 207.75 Td (ynch International Bank Limited is incorporated in Ireland and is regulated by the Central Bank ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 194.55 Td (of Ireland. ) Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 173.62856445312502 m 116.6015625 173.62856445312502 l s q 0 0 0 rg BT 72.00 175.35 Td (Germany) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 156.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 156.15 Td (America, N.A. - Frankfurt operates as a branch of BANA) Tj ET Q q 0 0 0 rg BT 361.58 156.15 Td ( under the German Banking ) Tj ET Q q 0 0 0 rg BT 485.91 156.15 Td (Act and is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 142.95 Td (considered a credit institution under the authority of the German Financial Supervisory ) Tj ET Q q 0 0 0 rg BT 456.90 142.95 Td (Authority) Tj ET Q q 0 0 0 rg BT 498.96 142.95 Td (. ) Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 122.028564453125 m 100.7353515625 122.028564453125 l s q 0 0 0 rg BT 72.00 123.75 Td (Japan) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 104.55 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 112.02 104.55 Td (ynch Japan Securities Co., Ltd. is a broker) Tj ET Q q 0 0 0 rg BT 298.14 104.55 Td (-dealer incorporated in Japan. ) Tj ET Q q 0 0 0 rg BT 431.41 104.55 Td (The Financial Services ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 91.35 Td (Agency \(“FSA”\) has supervisory authority over MLJS. ) Tj ET Q q 0 0 0 rg BT 317.02 91.35 Td (As a Japanese broker) Tj ET Q q 0 0 0 rg BT 409.95 91.35 Td (-dealer) Tj ET Q q 0 0 0 rg BT 440.04 91.35 Td (, MLJS is required to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 78.15 Td (be authorized by the FSA) Tj ET Q q 0 0 0 rg BT 183.82 78.15 Td ( in order to carry on business in Japan under the Financial Instruments and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 64.95 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 117.51 64.95 Td (Act \(Act No 25 of 1948\). In June 2013, a revision was passed by the Lower House to the ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I34 Do Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (27) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (Deposit Insurance law) Tj ET Q q 0 0 0 rg BT 169.64 712.40 Td (, which expands the coverage of the Japan Deposit Insurance Corporation \(“DIC”\) ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (to be an administrator / receiver of failed financial institutions, to cover bank holding companies, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (insurance, non-bank and security firms in addition to banks. ) Tj ET Q q 0 0 0 rg BT 338.08 686.00 Td (As such, MLJS will be covered by the Japan ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (DIC resolution regime. Ef) Tj ET Q q 0 0 0 rg BT 186.66 672.80 Td (fective date of this revision is expected to be around March 2014.) Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 651.878564453125 m 97.072265625 651.878564453125 l s q 0 0 0 rg BT 72.00 653.60 Td (India) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 634.40 Td (BA) Tj ET Q q 0 0 0 rg BT 86.67 634.40 Td ( Continuum India Private Limited is not regulated as a financial or banking entity by the central bank ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 621.20 Td (in India. BACI is subject to oversight by the OCC and FRB as an af) Tj ET Q q 0 0 0 rg BT 370.30 621.20 Td (filiate of BAC and as a supplier of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 608.00 Td (services. ) Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 587.078564453125 m 119.47509765625 587.078564453125 l s q 0 0 0 rg BT 72.00 588.80 Td (Singapor) Tj ET Q q 0 0 0 rg BT 114.59 588.80 Td (e) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 569.60 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 112.02 569.60 Td (ynch Global Services Pte. Ltd., located in Singapore, is not a licensed and regulated financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 556.40 Td (company) Tj ET Q q 0 0 0 rg BT 111.61 556.40 Td (. However) Tj ET Q q 0 0 0 rg BT 156.98 556.40 Td (, the Monetary ) Tj ET Q q 0 0 0 rg BT 223.58 556.40 Td (Authority of Singapore has indirect powers over MLGS through BAC's ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 543.20 Td (other regulated entities in Singapore. MLGS is subject to oversight by the OCC and FRB as an af) Tj ET Q q 0 0 0 rg BT 500.12 543.20 Td (filiate of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 530.00 Td (BAC and as a supplier of services. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 510.80 Td (Additional information can be found in the “Government Supervision and Regulation” section of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 497.60 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 497.60 Td (America 2012 ) Tj ET Q q 0 0 0 rg BT 174.03 497.60 Td (Annual Report on Form 10-K. ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I35 Do Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (28) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (PRINCIP) Tj ET Q q 0 0 0 rg BT 129.29 710.55 Td (AL) Tj ET Q q 0 0 0 rg BT 147.97 710.55 Td ( OFFICERS) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 691.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 691.35 Td (America Corporation Executive Management ) Tj ET Q q 0 0 0 rg BT 328.43 691.35 Td (T) Tj ET Q q 0 0 0 rg BT 334.76 691.35 Td (eam) Tj ET Q 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 71.50 619.85 156.00 -55.00 re f /GS0 gs 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 227.50 619.85 156.00 -55.00 re f /GS0 gs 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 383.50 619.85 156.00 -55.00 re f /GS0 gs 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 71.50 509.85 156.00 -55.00 re f /GS0 gs 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 227.50 509.85 156.00 -55.00 re f /GS0 gs 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 383.50 509.85 156.00 -55.00 re f /GS0 gs BT /F3 11.00 Tf ET q 0 0 0 rg BT 83.00 664.90 Td (Brian ) Tj ET Q q 0 0 0 rg BT 112.44 664.90 Td (T) Tj ET Q q 0 0 0 rg BT 118.96 664.90 Td (. Moynihan) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 172.76 664.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 83.00 651.52 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 168.33 651.52 Td (ficer and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 83.00 638.32 Td (President) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 239.00 664.90 Td (Christine Katziff) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 239.00 648.52 Td (Corporate General ) Tj ET Q q 0 0 0 rg BT 322.69 648.52 Td (Auditor) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 395.00 664.90 Td (Andr) Tj ET Q q 0 0 0 rg BT 419.86 664.90 Td (ea Smith) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 395.00 648.52 Td (Global Head of Human ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 395.00 635.32 Td (Resources) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 83.00 609.90 Td (David C. Darnell) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 162.75 609.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 83.00 596.52 Td (Co-Chief Operating Of) Tj ET Q q 0 0 0 rg BT 184.83 596.52 Td (ficer) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 239.00 609.90 Td (T) Tj ET Q q 0 0 0 rg BT 245.33 609.90 Td (erry P) Tj ET Q q 0 0 0 rg BT 273.93 609.90 Td (. Laughlin) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 322.24 609.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 239.00 596.52 Td (Chief Risk Of) Tj ET Q q 0 0 0 rg BT 300.52 596.52 Td (ficer) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 395.00 609.90 Td (Ron Sturzenegger) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 395.00 593.52 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 429.51 593.52 Td (Asset Servicing ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 395.00 580.32 Td (Executive) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 83.00 554.90 Td (Catherine P) Tj ET Q q 0 0 0 rg BT 138.50 554.90 Td (. Bessant) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 83.00 538.52 Td (Global ) Tj ET Q q 0 0 0 rg BT 115.49 538.52 Td (T) Tj ET Q q 0 0 0 rg BT 121.44 538.52 Td (echnology and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 83.00 525.32 Td (Operations Executive) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 239.00 554.90 Td (Gary G. L) Tj ET Q q 0 0 0 rg BT 286.97 554.90 Td (ynch) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 309.59 554.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 239.00 541.52 Td (Global General Counsel and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 239.00 528.32 Td (Head of Compliance and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 239.00 515.17 Td (Regulatory Relations) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 395.00 554.90 Td (Bruce R. ) Tj ET Q q 0 0 0 rg BT 439.10 554.90 Td (Thompson) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 489.23 554.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 395.00 541.52 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 477.28 541.52 Td (ficer) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 83.00 499.90 Td (Anne Finucane) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 83.00 483.52 Td (Global Strategy and Marketing ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 83.00 470.32 Td (Of) Tj ET Q q 0 0 0 rg BT 94.41 470.32 Td (ficer) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 239.00 499.90 Td (Thomas K. Montag) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 330.37 499.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 239.00 486.52 Td (Co-Chief Operating Of) Tj ET Q q 0 0 0 rg BT 340.83 486.52 Td (ficer) Tj ET Q BT /F2 10.00 Tf ET BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 436.15 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 436.15 Td ( Officers) Tj ET Q 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 72.50 364.65 156.00 -55.00 re f /GS0 gs 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 228.50 364.65 156.00 -55.00 re f /GS0 gs 0.9333333333333333 0.9372549019607843 0.9372549019607843 rg /GS0 gs 384.50 364.65 156.00 -55.00 re f /GS0 gs BT /F3 11.00 Tf ET q 0 0 0 rg BT 84.00 409.70 Td (Brian ) Tj ET Q q 0 0 0 rg BT 113.44 409.70 Td (T) Tj ET Q q 0 0 0 rg BT 119.96 409.70 Td (. Moynihan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.76 409.70 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 84.00 396.32 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 169.33 396.32 Td (ficer and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 84.00 383.12 Td (President) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 240.00 409.70 Td (T) Tj ET Q q 0 0 0 rg BT 246.33 409.70 Td (erry P) Tj ET Q q 0 0 0 rg BT 274.93 409.70 Td (. Laughlin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.24 409.70 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 240.00 396.32 Td (Chief Risk Of) Tj ET Q q 0 0 0 rg BT 301.52 396.32 Td (ficer) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 396.00 409.70 Td (Thomas K. Montag) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.37 409.70 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 396.00 396.32 Td (Co-Chief Operating Of) Tj ET Q q 0 0 0 rg BT 497.83 396.32 Td (ficer) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 84.00 354.70 Td (David C. 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L) Tj ET Q q 0 0 0 rg BT 287.97 354.70 Td (ynch) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.59 354.70 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 240.00 341.32 Td (Global General Counsel and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 240.00 328.12 Td (Head of Compliance and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 240.00 314.97 Td (Regulatory Relations) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 396.00 354.70 Td (Bruce R. ) Tj ET Q q 0 0 0 rg BT 440.10 354.70 Td (Thompson) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.23 354.70 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 396.00 341.32 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 478.28 341.32 Td (ficer) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 84.00 299.70 Td (Neil ) Tj ET Q q 0 0 0 rg BT 105.08 299.70 Td (A. 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Risk management ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 634.95 Td (planning is integrated with strategic, financial and customer planning so that goals and responsibilities are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 621.75 Td (aligned across the or) Tj ET Q q 0 0 0 rg BT 162.52 621.75 Td (ganization. Risk is managed in a systematic manner by focusing on the Company as a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 608.55 Td (whole, as well as managing risk across the enterprise and within individual business units. ) Tj ET Q q 0 0 0 rg BT 471.39 608.55 Td (The Company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 595.35 Td (maintains a governance structure that delineates the responsibilities for risk management activities, as ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 582.15 Td (well as governance and oversight of those activities.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 562.95 Td (The Company adopted a Risk Framework focused on the identification and management of several ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 549.75 Td (categories of risk: strategic, credit, market, liquidity) Tj ET Q q 0 0 0 rg BT 299.46 549.75 Td (, operational, compliance and reputational. Executive ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 536.55 Td (management develops the Company's Risk Framework, Risk ) Tj ET Q q 0 0 0 rg BT 342.23 536.55 Td (Appetite Statement, and financial operating ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 523.35 Td (plans for Board approval. ) Tj ET Q q 0 0 0 rg BT 186.96 523.35 Td (Through the Credit, Enterprise Risk and ) Tj ET Q q 0 0 0 rg BT 365.68 523.35 Td (Audit Committees, management ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 510.15 Td (monitors, and the Board oversees, financial performance, execution of the strategic and financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 496.95 Td (operating plans, compliance with the Risk ) Tj ET Q q 0 0 0 rg BT 259.27 496.95 Td (Appetite Statement and the adequacy of internal controls.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 477.75 Td (The Board reviews and approves the Risk Framework and the Risk ) Tj ET Q q 0 0 0 rg BT 369.24 477.75 Td (Appetite Statement for the Company) Tj ET Q q 0 0 0 rg BT 530.43 477.75 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 464.55 Td (The Risk Framework defines the accountability of the Company and its employees and the Risk ) Tj ET Q q 0 0 0 rg BT 496.33 464.55 Td (Appetite ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 451.35 Td (Statement defines the parameters under which the Company will take risk. Both documents are intended ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 438.15 Td (to enable the Company to maximize long-term results and ensure the integrity of its assets and the quality ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 424.95 Td (of its earnings. ) Tj ET Q q 0 0 0 rg BT 139.62 424.95 Td (The Risk Framework is designed to be used by employees to understand risk management ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 411.75 Td (activities, including their individual roles and accountabilities. It also defines how risk management is ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 398.55 Td (integrated into the Company's business processes, and it defines the risk management governance ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 385.35 Td (structure, including management's involvement. ) Tj ET Q q 0 0 0 rg BT 285.79 385.35 Td (The risk management responsibilities of the businesses, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 372.15 Td (governance and control functions, and Corporate ) Tj ET Q q 0 0 0 rg BT 289.18 372.15 Td (Audit are also clearly defined. ) Tj ET Q q 0 0 0 rg BT 424.59 372.15 Td (The risk management ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 358.95 Td (process includes four critical elements: identify and measure risk, mitigate and control risk, monitor and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 345.75 Td (test risk, and report and review risk, and is applied across all business activities to enable an integrated ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 332.55 Td (and comprehensive review of risk consistent with the Risk ) Tj ET Q q 0 0 0 rg BT 331.36 332.55 Td (Appetite Statement.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 313.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 313.35 Td (America has incorporated Resolution Planning into the Risk Framework. ) Tj ET Q q 0 0 0 rg BT 432.50 313.35 Td (A) Tj ET Q q 0 0 0 rg BT 439.83 313.35 Td ( comprehensive ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 300.15 Td (process was designed and deployed to ensure the proper governance and internal controls were ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 286.95 Td (incorporated in developing and maintaining the Resolution Plan. In 201) Tj ET Q q 0 0 0 rg BT 386.86 286.95 Td (1, a Resolution Planning team was ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 273.75 Td (established to prepare and submit the initial Resolution Plan in 2012 and to maintain and submit ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 260.55 Td (subsequent Resolution Plans. ) Tj ET Q q 0 0 0 rg BT 203.19 260.55 Td (The Resolution Planning team is also responsible for the oversight and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 247.35 Td (coordination of enhancements and actions intended to mitigate impediments to an orderly resolution. ) Tj ET Q q 0 0 0 rg BT 518.41 247.35 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 234.15 Td (Resolution Planning team reports to the Chief Risk Of) Tj ET Q q 0 0 0 rg BT 310.72 234.15 Td (ficer) Tj ET Q q 0 0 0 rg BT 330.26 234.15 Td (. ) Tj ET Q q 0 0 0 rg BT 335.15 234.15 Td (All processes related to development and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 220.95 Td (management of the Company's Resolution Plan are coordinated through this centralized team. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 201.75 Td (The Boards of Directors of Bank of ) Tj ET Q q 0 0 0 rg BT 230.54 201.75 Td (America, BANA, and FIA, respectively) Tj ET Q q 0 0 0 rg BT 404.86 201.75 Td (, approved the respective ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 188.55 Td (Resolution Plans. ) Tj ET Q q 0 0 0 rg BT 151.56 188.55 Td (The Enterprise Risk Committee \(“ERC”\) of the Board is the subcommittee directly ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 175.35 Td (responsible for Resolution Planning. ) Tj ET Q q 0 0 0 rg BT 235.26 175.35 Td (The ERC, among other things, oversees the identification of, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 162.15 Td (management of and planning for) Tj ET Q q 0 0 0 rg BT 215.12 162.15 Td (, material risks on an enterprise-wide basis, including strategic, credit, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 148.95 Td (market, liquidity) Tj ET Q q 0 0 0 rg BT 144.61 148.95 Td (, operational, interest rate risk, compliance and reputational risk. It also oversees capital ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 135.75 Td (management and liquidity planning. Reviews of the Plan were also performed by the ) Tj ET Q q 0 0 0 rg BT 447.13 135.75 Td (Asset Liability ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 122.55 Td (Market Risk Committee \(“ALMRC”\), which is an executive management level sub-committee of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 109.35 Td (ERC, and by the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 229.74 109.35 Td (ficer Risk Committee, which is a sub-committee of the ) Tj ET Q q 0 0 0 rg BT 472.91 109.35 Td (ALMRC. ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I37 Do Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (30) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 191.66 710.55 Td ( MA) Tj ET Q q 0 0 0 rg BT 217.45 710.55 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 270.36 710.55 Td ( MANAGEMENT) Tj ET Q q 0 0 0 rg BT 379.38 710.55 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 450.27 710.55 Td (TION ) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 693.75 Td (SYSTEMS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 674.55 Td (The Company recognizes the importance that information availability plays in a resolution situation and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 661.35 Td (continues to evaluate and enhance Management Information Systems \(“MIS”\) reporting capabilities to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 648.15 Td (ensure they would allow for information needed in a resolution.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 628.95 Td (MIS at Bank of ) Tj ET Q q 0 0 0 rg BT 142.28 628.95 Td (America generally take the form of platform technologies and user interfaces that enable ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 615.75 Td (business users to perform analytics and generate standard and ad hoc reporting. MIS capabilities are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 602.55 Td (enabled through data repositories and platforms used to aggregate and catalog data core to Bank of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 589.35 Td (America's operations and management. Bank of ) Tj ET Q q 0 0 0 rg BT 285.06 589.35 Td (America's key MIS generate numerous reports that are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 576.15 Td (used during the normal course of business to monitor the financial health, risks and operations of Bank of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 562.95 Td (America, its material entities, core business lines and critical operations.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 543.75 Td (T) Tj ET Q q 0 0 0 rg BT 77.95 543.75 Td (o address financial health, accounting MIS applications are used to produce both management and legal ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 530.55 Td (entity reporting. Other financial MIS applications report on funding, liquidity) Tj ET Q q 0 0 0 rg BT 411.91 530.55 Td (, capital and Bank of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 517.35 Td (America's balance sheet. ) Tj ET Q q 0 0 0 rg BT 182.71 517.35 Td (Additionally) Tj ET Q q 0 0 0 rg BT 237.60 517.35 Td (, risk management MIS applications capture and report credit, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 504.15 Td (market, and operational risk exposures for Bank of ) Tj ET Q q 0 0 0 rg BT 297.74 504.15 Td (America.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 484.95 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 484.95 Td (America has a number of policies in place to ensure infrastructure and computing systems are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 471.75 Td (consistently planned, implemented, secured, supported and managed. ) Tj ET Q q 0 0 0 rg BT 379.41 471.75 Td (These policies enable the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 458.55 Td (technology or) Tj ET Q q 0 0 0 rg BT 132.59 458.55 Td (ganization to meet technology demands through continued reliability) Tj ET Q q 0 0 0 rg BT 435.21 458.55 Td (, availability) Tj ET Q q 0 0 0 rg BT 489.48 458.55 Td (, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 445.35 Td (serviceability and scalability to allow for capacity planning and Key Performance Indicator management.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 426.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 426.15 Td (America maintains detailed business continuity \(which includes disaster recovery\) documentation ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 412.95 Td (for each of its lines of business and supporting technology platforms. ) Tj ET Q q 0 0 0 rg BT 378.52 412.95 Td (This documentation discusses in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 399.75 Td (detail application-specific recovery time objectives as well as the plans to continue business operations in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 386.55 Td (events where key systems are unavailable. Business continuity resources are deployed regionally around ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 373.35 Td (the globe to provide the appropriate level of governance and oversight for business continuity planning, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 360.15 Td (testing, response management, crisis management and supplier resiliency) Tj ET Q q 0 0 0 rg BT 393.55 360.15 Td (.) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I38 Do Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (31) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (HIGH-LEVEL) Tj ET Q q 0 0 0 rg BT 161.47 710.55 Td ( DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 284.63 710.55 Td ( RESOLUTION ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 691.35 Td (The Plan is required by a provision of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 313.34 691.35 Td (Act, which mandates that bank-holding companies ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 678.15 Td (with assets of $50 billion or more develop a contingency plan for orderly resolution. ) Tj ET Q q 0 0 0 rg BT 445.41 678.15 Td (The purpose of this ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 664.95 Td (provision is to provide bank regulators with plans that would enable them to resolve failing financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 651.75 Td (companies that pose a significant risk to the financial stability of the United States in a manner that ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 638.55 Td (mitigates such risk and minimizes moral hazard and obviates the need for taxpayer support.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 619.35 Td (The Plan is Bank of ) Tj ET Q q 0 0 0 rg BT 161.52 619.35 Td (America's second annual submission to the Federal Reserve and the FDIC, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 606.15 Td (provides a detailed roadmap for the orderly resolution of Bank of ) Tj ET Q q 0 0 0 rg BT 361.28 606.15 Td (America. Importantly) Tj ET Q q 0 0 0 rg BT 455.86 606.15 Td (, the Plan does not ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 592.95 Td (rely on the provision of extraordinary support by the United States, or any other government.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 481.35 592.95 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 573.75 Td (The Plan includes consideration of multiple strategies that could be used to resolve the Company and its ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 560.55 Td (Material Entities. Under one resolution strategy \(Single Point of Entry\), BAC would enter bankruptcy by ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 547.35 Td (initiating a Chapter 1) Tj ET Q q 0 0 0 rg BT 164.76 547.35 Td (1 proceeding. ) Tj ET Q q 0 0 0 rg BT 226.77 547.35 Td (After receiving certain capital or liquidity contributions from BAC, the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 534.15 Td (operating subsidiaries would continue as going concerns while BAC is restructured, thereby maximizing ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 520.95 Td (value and systemic stability) Tj ET Q q 0 0 0 rg BT 193.18 520.95 Td (. ) Tj ET Q q 0 0 0 rg BT 198.48 520.95 Td (This strategy would be the simplest approach; however) Tj ET Q q 0 0 0 rg BT 440.89 520.95 Td (, certain changes to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 507.75 Td (the bankruptcy code and other laws and regulations may be required to facilitate this resolution strategy) Tj ET Q q 0 0 0 rg BT 527.33 507.75 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 488.55 Td (Under another resolution strategy \(Multiple Point of Entry\), BAC, the parent holding company would ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 475.35 Td (enter bankruptcy) Tj ET Q q 0 0 0 rg BT 145.50 475.35 Td (, while other operating subsidiaries would enter relevant resolution regimes applicable to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 462.15 Td (each such operating subsidiary) Tj ET Q q 0 0 0 rg BT 206.60 462.15 Td (. ) Tj ET Q q 0 0 0 rg BT 211.91 462.15 Td (This strategy contemplates the U.S. banking subsidiaries, under a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 448.95 Td (hypothetical resolution scenario, being placed into FDIC receiverships. Certain assets and liabilities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 435.75 Td (would be transferred to a bridge bank that would emer) Tj ET Q q 0 0 0 rg BT 310.97 435.75 Td (ge from resolution as a viable going concern. Bank ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 422.55 Td (of ) Tj ET Q q 0 0 0 rg BT 83.31 422.55 Td (America's other Material Entities that entered resolution, including its U.S. and foreign broker) Tj ET Q q 0 0 0 rg BT 497.15 422.55 Td (-dealer ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 409.35 Td (subsidiaries, would be wound down in an orderly manner) Tj ET Q q 0 0 0 rg BT 324.04 409.35 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 390.15 Td (Finally) Tj ET Q q 0 0 0 rg BT 102.45 390.15 Td (, the Plan contemplates a third strategy that is a hybrid of the two previously-described strategies. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 376.95 Td (This strategy involves BAC entering Chapter 1) Tj ET Q q 0 0 0 rg BT 278.72 376.95 Td (1 bankruptcy while certain other subsidiaries enter their ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 363.75 Td (respective resolution process. ) Tj ET Q q 0 0 0 rg BT 203.96 363.75 Td (At the same time, certain banking and other operating subsidiaries are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 350.55 Td (recapitalized, as necessary) Tj ET Q q 0 0 0 rg BT 187.63 350.55 Td (, and continue to operate. Similar to the first strategy) Tj ET Q q 0 0 0 rg BT 418.77 350.55 Td (, this approach would ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 337.35 Td (allow for the Company's most systemically significant critical operations to continue operating and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 324.15 Td (maximize value and systemic stability) Tj ET Q q 0 0 0 rg BT 239.30 324.15 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 304.95 Td (The Plan addresses certain actions needed to ensure continuity of certain core business lines and critical ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 291.75 Td (operations during the hypothetical resolution of certain Bank of ) Tj ET Q q 0 0 0 rg BT 353.96 291.75 Td (America entities. ) Tj ET Q q 0 0 0 rg BT 431.64 291.75 Td (Those actions ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 278.55 Td (incorporate the importance of continued access to critical services including, but not limited to, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 265.35 Td (technology) Tj ET Q q 0 0 0 rg BT 120.16 265.35 Td (, employees, facilities, intellectual property and supplier relationships. ) Tj ET Q q 0 0 0 rg BT 431.54 265.35 Td (The Plan also outlines ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 252.15 Td (certain restructuring actions that have already been completed, or would be required, in order to support ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 238.95 Td (the resolution strategies contemplated in the Plan.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 219.75 Td (Moreover) Tj ET Q q 0 0 0 rg BT 114.93 219.75 Td (, the Plan outlines the asset and business sales that could occur during the resolution process. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 206.55 Td (Depending on the size and complexity of the businesses or assets sold, the potential purchasers could ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 193.35 Td (include a broad range of buyers including, but not limited to, national, international and regional financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 180.15 Td (institutions; private equity and hedge funds; and other financial asset buyers such as insurance companies. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 166.95 Td (The following is a description of select resolution regimes currently in existence. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 147.75 Td (FDIC ) Tj ET Q q 0 0 0 rg BT 101.03 147.75 Td (Authority Under) Tj ET Q q 0 0 0 rg BT 179.97 147.75 Td ( Sections 1) Tj ET Q q 0 0 0 rg BT 228.86 147.75 Td (1 and 13 of the Federal Deposit Insurance ) Tj ET Q q 0 0 0 rg BT 426.86 147.75 Td (Act) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 128.55 Td (FDIC insured depository institutions entering resolution, such as BANA) Tj ET Q q 0 0 0 rg BT 389.45 128.55 Td ( and FIA, would be resolved ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 115.35 Td (under the Federal Deposit Insurance ) Tj ET Q q 0 0 0 rg BT 233.58 115.35 Td (Act \(“FDIA”\). ) Tj ET Q q 0 0 0 rg BT 300.28 115.35 Td (The resolution of a U.S. insured depository institution ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 102.15 Td (is initiated by its state or federal chartering authority and by the FDIC if they find that one or more of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 88.95 Td (statutory grounds for appointing the FDIC as receiver or conservator exist. For a national bank, the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 75.75 Td (grounds for appointing the FDIC as receiver or conservator of an insured institution are listed in Section ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 62.55 Td (1) Tj ET Q q 0 0 0 rg BT 77.09 62.55 Td (1\(c\)\(5\) of the FDIA) Tj ET Q q 0 0 0 rg BT 163.54 62.55 Td ( and include the following: \(1\) the institution is insolvent; critically undercapitalized; ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I39 Do Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (32) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (operating in an unsafe or unsound condition; or likely to be unable to pay its obligations in the normal ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (course of business; \(2\) the institution is engaging in an unsafe or unsound practice likely to result in a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (substantial dissipation of its assets or earnings; or \(3\) the board of directors or shareholders of the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (institution consent to such appointment.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 653.60 Td (If the FDIC is to be appointed as receiver of the insured institution, the institution's state or federal ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 640.40 Td (chartering authority would issue an order closing the institution \(i.e., revoking its charter or license to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 627.20 Td (operate as a depository institution\) and appoint the FDIC as the institution's receiver) Tj ET Q q 0 0 0 rg BT 441.79 627.20 Td (. If the FDIC is to be ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 614.00 Td (appointed as conservator of the insured institution, the institution is not closed, but instead the FDIC ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 600.80 Td (would be simply appointed as the institution's conservator) Tj ET Q q 0 0 0 rg BT 326.64 600.80 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 581.60 Td (If the FDIC is appointed as an insured institution's receiver or conservator) Tj ET Q q 0 0 0 rg BT 397.04 581.60 Td (, it succeeds, by operation of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 568.40 Td (law) Tj ET Q q 0 0 0 rg BT 87.17 568.40 Td (, to all of the rights, titles, powers, and privileges of the insured institution and its stockholders, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 555.20 Td (members, directors, of) Tj ET Q q 0 0 0 rg BT 170.77 555.20 Td (ficers, account holders, and depositors, subject to the provisions of the FDIA. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 536.00 Td (Bankruptcy Under) Tj ET Q q 0 0 0 rg BT 160.73 536.00 Td ( Chapter) Tj ET Q q 0 0 0 rg BT 202.39 536.00 Td ( 1) Tj ET Q q 0 0 0 rg BT 210.03 536.00 Td (1 of the Bankruptcy Code) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 516.80 Td (The resolution of material non-bank, non-broker) Tj ET Q q 0 0 0 rg BT 284.99 516.80 Td (-dealer domestic entities, such as Bank of ) Tj ET Q q 0 0 0 rg BT 470.11 516.80 Td (America ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 503.60 Td (Corporation and MLCO, would be through bankruptcy proceedings. ) Tj ET Q q 0 0 0 rg BT 374.45 503.60 Td (A) Tj ET Q q 0 0 0 rg BT 381.78 503.60 Td ( bankruptcy proceeding begins with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 490.40 Td (the filing of a voluntary or involuntary Chapter 1) Tj ET Q q 0 0 0 rg BT 287.26 490.40 Td (1 bankruptcy petition with the clerk of an appropriate ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 477.20 Td (bankruptcy court with an ultimate goal to liquidate or reor) Tj ET Q q 0 0 0 rg BT 327.48 477.20 Td (ganize the enterprise. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 458.00 Td (Under the provisions of the Bankruptcy Code and upon the filing of a petition for Chapter 1) Tj ET Q q 0 0 0 rg BT 475.45 458.00 Td (1 relief, a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 444.80 Td (company as the debtor) Tj ET Q q 0 0 0 rg BT 170.83 444.80 Td (, generally becomes the debtor) Tj ET Q q 0 0 0 rg BT 305.31 444.80 Td (-in-possession \(the “DIP”\). ) Tj ET Q q 0 0 0 rg BT 427.31 444.80 Td (The DIP) Tj ET Q q 0 0 0 rg BT 464.48 444.80 Td ( is automatically ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 431.60 Td (authorized to operate its business “in the ordinary course” without the necessity of obtaining bankruptcy ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 418.40 Td (court approval. Subject to court approval, the DIP) Tj ET Q q 0 0 0 rg BT 291.23 418.40 Td ( would promptly retain and employ attorneys, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 405.20 Td (accountants, investment bankers, and other professionals to advise the debtors in the bankruptcy process. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 392.00 Td (The DIP) Tj ET Q q 0 0 0 rg BT 109.17 392.00 Td ( has an exclusive right to file a plan of reor) Tj ET Q q 0 0 0 rg BT 297.74 392.00 Td (ganization that may be extended up to 18 months after ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 378.80 Td (commencement of the Chapter 1) Tj ET Q q 0 0 0 rg BT 215.15 378.80 Td (1 Proceedings, after which a plan may be filed by other parties in interest. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 359.60 Td (The plan of reor) Tj ET Q q 0 0 0 rg BT 142.96 359.60 Td (ganization, which may provide for the reor) Tj ET Q q 0 0 0 rg BT 331.23 359.60 Td (ganization or liquidation of the debtor) Tj ET Q q 0 0 0 rg BT 497.88 359.60 Td (, must be ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 346.40 Td (approved by a requisite majority of each impaired class of creditors or must satisfy the requirements of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 333.20 Td (the “fair and equitable” test with respect to any class that rejects the plan. It must also be found by the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 320.00 Td (bankruptcy court to be “feasible” and to provide all impaired creditors with at least what such creditors ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 306.80 Td (would have received in a Chapter 7 liquidation of the debtor) Tj ET Q q 0 0 0 rg BT 336.53 306.80 Td (. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 287.60 Td (Liquidation Pursuant to the Securities Investor) Tj ET Q q 0 0 0 rg BT 293.34 287.60 Td ( Pr) Tj ET Q q 0 0 0 rg BT 307.50 287.60 Td (otection ) Tj ET Q q 0 0 0 rg BT 346.90 287.60 Td (Act) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 268.40 Td (If the statutory preconditions were met, the liquidation of material domestic broker) Tj ET Q q 0 0 0 rg BT 436.50 268.40 Td (-dealer entities, such as ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 255.20 Td (MLPFS, would be conducted pursuant to the Securities Investor Protection ) Tj ET Q q 0 0 0 rg BT 404.09 255.20 Td (Act \(“SIP) Tj ET Q q 0 0 0 rg BT 446.16 255.20 Td (A”\). ) Tj ET Q q 0 0 0 rg BT 467.95 255.20 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 242.00 Td (commencement of a SIP) Tj ET Q q 0 0 0 rg BT 178.82 242.00 Td (A) Tj ET Q q 0 0 0 rg BT 186.16 242.00 Td ( proceeding for a broker) Tj ET Q q 0 0 0 rg BT 292.22 242.00 Td (-dealer would be initiated by the Securities Investor ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 228.80 Td (Protection Corporation \(“SIPC”\) through an application to the district court for a protective decree based ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 215.60 Td (on a determination by the SIPC that the broker) Tj ET Q q 0 0 0 rg BT 277.07 215.60 Td (-dealer was in danger of failing to meet its obligations to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 202.40 Td (customers and was either insolvent, was not in compliance with certain regulatory requirements or was ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 189.20 Td (unable to perform the calculations necessary to meet such requirements, or that certain other conditions ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 176.00 Td (exist. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 156.80 Td (Upon issuance of a protective decree, the district court would appoint a SIPC trustee selected by the SIPC ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 143.60 Td (to manage and oversee the liquidation of the broker) Tj ET Q q 0 0 0 rg BT 298.42 143.60 Td (-dealer) Tj ET Q q 0 0 0 rg BT 328.35 143.60 Td (. SIP) Tj ET Q q 0 0 0 rg BT 348.73 143.60 Td (A) Tj ET Q q 0 0 0 rg BT 356.07 143.60 Td ( proceedings would then be removed to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 130.40 Td (the bankruptcy court and administered under the provisions of the SIP) Tj ET Q q 0 0 0 rg BT 379.53 130.40 Td (A, as supplemented by the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 117.20 Td (Bankruptcy Code to the extent not inconsistent with the SIP) Tj ET Q q 0 0 0 rg BT 334.65 117.20 Td (A. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 98.00 Td (Upon appointment, the SIPC trustee would take control of all property) Tj ET Q q 0 0 0 rg BT 381.36 98.00 Td (, premises, bank accounts, records, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 84.80 Td (systems and other assets of the broker) Tj ET Q q 0 0 0 rg BT 238.57 84.80 Td (-dealer) Tj ET Q q 0 0 0 rg BT 268.50 84.80 Td (. From that point forward, the liquidation of the business ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 71.60 Td (would be under the control of the SIPC trustee, and the broker) Tj ET Q q 0 0 0 rg BT 345.49 71.60 Td (-dealer's existing management would be ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I40 Do Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (33) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (displaced. ) Tj ET Q q 0 0 0 rg BT 118.84 712.40 Td (The SIPC trustee's primary duties would be to marshal assets, recover and return customer ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (property and liquidate the broker) Tj ET Q q 0 0 0 rg BT 216.56 699.20 Td (-dealer) Tj ET Q q 0 0 0 rg BT 246.49 699.20 Td (.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 680.00 Td (U.K. Special ) Tj ET Q q 0 0 0 rg BT 132.51 680.00 Td (Administration Regime) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 660.80 Td (In the United Kingdom, there is a special administration regime available to investment banks, such as ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 647.60 Td (MLI. ) Tj ET Q q 0 0 0 rg BT 97.46 647.60 Td (The main features are that an investment bank enters the proceeding by court order and the order ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 634.40 Td (appoints an administrator) Tj ET Q q 0 0 0 rg BT 183.20 634.40 Td (. ) Tj ET Q q 0 0 0 rg BT 188.50 634.40 Td (The administrator is to pursue the special administration objectives, which are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 621.20 Td (\(1\) to ensure the return of client assets as soon as is reasonably practicable, \(2\) to ensure timely ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 608.00 Td (engagement with market infrastructure bodies and the authorities, and \(3\) either to rescue the investment ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 594.80 Td (bank as a going concern or to wind it up in the best interests of the creditors.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 575.60 Td (Once a special administration order has been made, there is an automatic moratorium on a winding up of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 562.40 Td (the company and no enforcement of security or other legal process may be taken against the company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 549.20 Td (without the consent of the administrator or permission of the court. Enforcement of security under ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 536.00 Td (financial collateral arrangements covered by the Financial Collateral Regulations is, however) Tj ET Q q 0 0 0 rg BT 481.77 536.00 Td (, unaf) Tj ET Q q 0 0 0 rg BT 506.61 536.00 Td (fected ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 522.80 Td (by the moratorium. ) Tj ET Q q 0 0 0 rg BT 158.76 522.80 Td (An interim moratorium with similar ef) Tj ET Q q 0 0 0 rg BT 328.12 522.80 Td (fect would apply from the date of making the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 509.60 Td (application, save that the permission of the court is not required for the presentation of a winding up ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 496.40 Td (petition on certain grounds or the appointment of an administrator or administrative receiver) Tj ET Q q 0 0 0 rg BT 477.66 496.40 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 477.20 Td (The administrator is an of) Tj ET Q q 0 0 0 rg BT 185.44 477.20 Td (ficer of the court and has the general power to do anything necessary or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 464.00 Td (expedient for the pursuit of the special administration objectives. ) Tj ET Q q 0 0 0 rg BT 360.16 464.00 Td (This includes the power to set a bar date ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 450.80 Td (for the submission of claims in relation to client assets if the administrator thinks it necessary in order to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 437.60 Td (expedite the return of client assets. ) Tj ET Q q 0 0 0 rg BT 227.27 437.60 Td (The administrator also has certain powers usually available to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 424.40 Td (liquidators appointed under the Insolvency ) Tj ET Q q 0 0 0 rg BT 262.32 424.40 Td (Act of 1986, including the power to disclaim onerous property ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 411.20 Td (and rescind contracts. ) Tj ET Q q 0 0 0 rg BT 170.15 411.20 Td (The administrator also has the power to make distributions to creditors. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 392.00 Td (Irish Special Resolution Regime ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 372.80 Td (In Ireland, there is a Special Resolution Regime that would be applicable to credit institutions, such as ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 359.60 Td (MLIB. ) Tj ET Q q 0 0 0 rg BT 104.80 359.60 Td (The Central Bank and Credit Institutions \(Resolution\) ) Tj ET Q q 0 0 0 rg BT 344.02 359.60 Td (Act of 201) Tj ET Q q 0 0 0 rg BT 390.66 359.60 Td (1 \(“Resolution ) Tj ET Q q 0 0 0 rg BT 457.26 359.60 Td (Act”\) contains a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 346.40 Td (set of stabilization tools for the Central Bank of Ireland. Part ) Tj ET Q q 0 0 0 rg BT 341.23 346.40 Td (VI of the Resolution ) Tj ET Q q 0 0 0 rg BT 433.50 346.40 Td (Act would allow MLIB ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 333.20 Td (to be wound-down by the appointment of a Special Manager pursuant to a Special Management Order) Tj ET Q q 0 0 0 rg BT 521.35 333.20 Td (. ) Tj ET Q q 0 0 0 rg BT 526.24 333.20 Td (A) Tj ET Q q 0 0 0 rg BT 533.58 333.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 320.00 Td (Special Manager would take over the management of the business with a view to \(1\) preserve or restore ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 306.80 Td (the financial position of the credit institution, \(2\) wind down the business or \(3\) otherwise manage the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 293.60 Td (business in accordance with the terms of a Special Management Order) Tj ET Q q 0 0 0 rg BT 381.12 293.60 Td (. ) Tj ET Q q 0 0 0 rg BT 386.42 293.60 Td (The Special Manager would have ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 280.40 Td (all the powers to acquire or dispose of any or all assets and liabilities of the credit institution.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 261.20 Td (German Special Resolution Regime) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 242.00 Td (W) Tj ET Q q 0 0 0 rg BT 81.94 242.00 Td (ith respect to BANA-Frankfurt, only the German Financial Supervisory ) Tj ET Q q 0 0 0 rg BT 399.05 242.00 Td (Authority) Tj ET Q q 0 0 0 rg BT 441.11 242.00 Td (, not the German ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 228.80 Td (branch itself or its creditors, would be entitled to file for the opening of insolvency proceedings. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 215.60 Td (Notwithstanding the strength of BANA-Frankfurt's balance sheet \(in which third-party assets exceed ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 202.40 Td (third-party liabilities\) and the strength of the FDIC-backed bridge bank, the Resolution Plan ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 189.20 Td (conservatively assumes that the German Financial Supervisory ) Tj ET Q q 0 0 0 rg BT 350.90 189.20 Td (Authority would exercise its authority ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 176.00 Td (under the Insolvency Code on the grounds that BANA) Tj ET Q q 0 0 0 rg BT 310.91 176.00 Td ( entering a bride bank amounted to an impending ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 162.80 Td (threat of illiquidity to BANA-Frankfurt and local creditors.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 143.60 Td (Japanese Special Resolution Regime) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 124.40 Td (The Financial Services ) Tj ET Q q 0 0 0 rg BT 174.94 124.40 Td (Agency has supervisory and regulatory authority over MLJS. In resolution ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 111.20 Td (Japanese broker) Tj ET Q q 0 0 0 rg BT 142.33 111.20 Td (-dealers are eligible for one of three resolution regimes, which are \(1\) Civil Rehabilitation ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 98.00 Td (under the ) Tj ET Q q 0 0 0 rg BT 115.38 98.00 Td (Act on Special Provisions, \(2\) Corporate Reor) Tj ET Q q 0 0 0 rg BT 318.33 98.00 Td (ganization under the ) Tj ET Q q 0 0 0 rg BT 410.28 98.00 Td (Act on Special Provisions, or ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 84.80 Td (\(3\) Special Bankruptcy under the ) Tj ET Q q 0 0 0 rg BT 220.15 84.80 Td (Act on Special Provisions. ) Tj ET Q q 0 0 0 rg BT 339.42 84.80 Td (The resolution strategy for the businesses in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 71.60 Td (Japan is an orderly wind-down; therefore, the appropriate resolution strategy for MLJS would be a wind-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 58.40 Td (down under the Special Bankruptcy regime. ) Tj ET Q /GS0 gs q 512.00 0 0 38.02 50.00 741.50 cm /I41 Do Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (34) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (Singapor) Tj ET Q q 0 0 0 rg BT 114.59 712.60 Td (e Resolution Regime) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 693.40 Td (The Monetary ) Tj ET Q q 0 0 0 rg BT 136.76 693.40 Td (Authority of Singapore has indirect powers over MLGS through BAC's other regulated ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 680.20 Td (entities in Singapore. 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