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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.00 555.15 Td (Forward Looking Statements:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 540.40 Td (This document, the documents that it incorporates by reference, and the documents into which it may be incorporated by reference, may contain ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 530.80 Td (certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 477.89 530.80 Td (Act of 1995. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 521.20 Td (Forward-looking statements often use words such as plan, believe, expect, intend, anticipate, estimate, project, potential, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 511.60 Td (possible, or other similar expressions, or future or conditional verbs such as will, should, would, and could. ) Tj ET Q q 0 0 0 rg BT 452.12 511.60 Td (All forward-looking ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 502.00 Td (statements, by their nature, are subject to risks and uncertainties. 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Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 98.00 351.70 Td ( Managed Account Advisors LLC) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 337.70 Td (Description of Derivatives and Hedging Activities) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 323.55 Td (Memberships in Material Payment, Clearing and Settlement Systems) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 308.70 Td (Description of Material Management Information Systems) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 294.70 Td (Description of Foreign Operations) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 280.70 Td (Material Supervisory Authorities) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 266.70 Td (Principal Officers) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.00 252.70 Td (Corporate Governance Structure and Processes Related to Resolution Planning) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 659.70 Td (4) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 645.70 Td (17) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 631.70 Td (20) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 617.70 Td (21) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 603.70 Td (22) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 589.70 Td (24) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 575.70 Td (25) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 561.70 Td (27) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 547.70 Td (29) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 533.70 Td (30) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 519.70 Td (31) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 505.70 Td (32) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 491.70 Td (33) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 477.70 Td (35) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 463.70 Td (36) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 449.70 Td (37) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 435.70 Td (38) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 421.70 Td (39) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 407.70 Td (40) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 393.70 Td (42) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 379.70 Td (43) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 365.70 Td (44) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 351.70 Td (45) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 337.70 Td (46) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 323.55 Td (50) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 308.70 Td (54) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 294.70 Td (55) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 280.70 Td (56) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 266.70 Td (58) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 252.70 Td (60) Tj ET Q BT /F2 11.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (4) Tj ET Q BT /F2 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 OVER) Tj ET Q q 0 0 0 rg BT 260.53 710.55 Td (VIEW) Tj ET Q q 0 0 0 rg BT 299.17 710.55 Td ( OF) Tj ET Q q 0 0 0 rg BT 321.59 710.55 Td ( RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 458.26 710.55 Td (TEGY) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (INTRODUCTION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 662.15 Td (America Corporation \(BAC, and together with its consolidated subsidiaries, Bank of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (America or the Company\) takes very seriously its role in the global financial system, and is committed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (to exemplary recovery and resolution preparedness. ) Tj ET Q q 0 0 0 rg BT 304.55 635.75 Td (The Company has a responsibility to operate its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (businesses not only to serve its customers and clients and benefit its shareholders, but also in a manner ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (that limits the possibility that severe financial stress at the Company could cause harm to customers, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (employees, U.S. taxpayers, or the overall economy or financial system. Bank of ) Tj ET Q q 0 0 0 rg BT 428.18 596.15 Td (America is focused on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.95 Td (limiting this possibility) Tj ET Q q 0 0 0 rg BT 173.36 582.95 Td (, while continuing to take actions to become more resolvable. Bank of ) Tj ET Q q 0 0 0 rg BT 486.47 582.95 Td (America ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.75 Td (has also embedded the consideration of enhancing resolvability in its strategic decisions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 543.35 Td (Since the 2008-2009 financial crisis, Bank of ) Tj ET Q q 0 0 0 rg BT 273.01 543.35 Td (America has made significant strides to enhance its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 530.15 Td (resiliency and its preparedness for crisis situations through a combination of increased financial strength, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 516.95 Td (reduced risk profile, simplified company structure and operations, and well-developed crisis management ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 503.75 Td (protocols. ) Tj ET Q q 0 0 0 rg BT 120.99 503.75 Td (The Company is committed to identifying additional opportunities to improve its resiliency ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 490.55 Td (and crisis preparedness and executing upon them. ) Tj ET Q q 0 0 0 rg BT 295.71 490.55 Td (This document contains an outline of the significant ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 477.35 Td (progress the Company has made to date to enhance resolvability) Tj ET Q q 0 0 0 rg BT 354.46 477.35 Td (, along with the key areas of focus for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 464.15 Td (additional improvement.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 437.75 Td (RESOLUTION PLAN REGULA) Tj ET Q q 0 0 0 rg BT 227.04 437.75 Td (T) Tj ET Q q 0 0 0 rg BT 234.18 437.75 Td (OR) Tj ET Q q 0 0 0 rg BT 250.29 437.75 Td (Y) Tj ET Q q 0 0 0 rg BT 257.83 437.75 Td ( REQUIREMENT) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 413.55 Td (The Resolution Plan is required by the Joint Resolution Plan Rule of the Board of Governors of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 400.35 Td (Federal Reserve System \(Federal Reserve\) and the Federal Deposit Insurance Corporation \(FDIC\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 387.15 Td (under ) Tj ET Q q 0 0 0 rg BT 99.60 387.15 Td (T) Tj ET Q q 0 0 0 rg BT 105.93 387.15 Td (itle I, Section 165\(d\) of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 284.14 387.15 Td (W) Tj ET Q q 0 0 0 rg BT 293.64 387.15 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 486.10 387.15 Td (Act \(the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 373.95 Td (165\(d\) Rule\), which mandates that bank holding companies with assets of $50 billion or more develop ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 360.75 Td (a plan for a rapid and orderly resolution in the event of material financial distress or failure. ) Tj ET Q q 0 0 0 rg BT 479.77 360.75 Td (A) Tj ET Q q 0 0 0 rg BT 487.11 360.75 Td ( resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 347.55 Td (plan is intended to be a detailed roadmap for the orderly resolution of a bank holding company and its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 334.35 Td (Material Entities, as defined below) Tj ET Q q 0 0 0 rg BT 224.93 334.35 Td (, pursuant to the U.S. Bankruptcy Code and other applicable resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 321.15 Td (regimes under one or more hypothetical scenarios. ) Tj ET Q q 0 0 0 rg BT 299.36 321.15 Td (The failure scenario and associated assumptions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 307.95 Td (outlined herein are hypothetical and do not reflect an event or events to which the Company is or may ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 294.75 Td (become subject.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 270.55 Td (The 2015 Bank of ) Tj ET Q q 0 0 0 rg BT 153.88 270.55 Td (America Corporation Resolution Plan \(the 2015 Resolution Plan or the Plan\) is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 257.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 257.35 Td (America) Tj ET Q q 0 0 0 rg BT 150.20 257.35 Td (s fourth annual submission to the Federal Reserve and the FDIC. ) Tj ET Q q 0 0 0 rg BT 440.53 257.35 Td (The Plan strategy ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 244.15 Td (does not assume reliance on taxpayer support or the provision of extraordinary support by the United ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 230.95 Td (States, or any other government.) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 214.96 230.95 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 206.75 Td (Although the submission of an annual resolution plan is a regulatory requirement, Bank of ) Tj ET Q q 0 0 0 rg BT 471.89 206.75 Td (America is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 193.55 Td (taking significant actions to incorporate the understanding and management of resolvability risks into its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 180.35 Td (daily business-as-usual routines and risk oversight functions to support exemplary resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 167.15 Td (preparedness. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 142.95 Td (BANK OF) Tj ET Q q 0 0 0 rg BT 121.40 142.95 Td ( ) Tj ET Q q 0 0 0 rg BT 123.54 142.95 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 176.71 142.95 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 234.25 142.95 Td (TION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 118.75 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 118.75 Td (America serves individual consumers, small- and middle-market businesses, and lar) Tj ET Q q 0 0 0 rg BT 478.39 118.75 Td (ge ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 105.55 Td (corporations with a full range of banking, investing, asset management, and other financial and risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 92.35 Td (management products and services. ) Tj ET Q q 0 0 0 rg BT 233.28 92.35 Td (As of December31, 2014, the Company operated in all 50 states, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 79.15 Td (District of Columbia, the U.S. ) Tj ET Q q 0 0 0 rg BT 206.85 79.15 Td (V) Tj ET Q q 0 0 0 rg BT 214.13 79.15 Td (ir) Tj ET Q q 0 0 0 rg BT 220.65 79.15 Td (gin Islands, Puerto Rico, and more than 35 countries. ) Tj ET Q q 0 0 0 rg BT 459.66 79.15 Td (The retail ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 65.95 Td (banking footprint covers approximately 80 percent of the U.S. population and serves approximately 48 ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (5) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (million consumer and small business relationships with approximately 4,800 financial centers, 15,800 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (A) Tj ET Q q 0 0 0 rg BT 78.72 699.20 Td (TMs, nationwide call centers, and online and mobile banking platforms. Bank of ) Tj ET Q q 0 0 0 rg BT 438.59 699.20 Td (America Corporation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (stock \(NYSE: BAC\) is listed on the New ) Tj ET Q q 0 0 0 rg BT 254.91 686.00 Td (Y) Tj ET Q q 0 0 0 rg BT 261.76 686.00 Td (ork Stock Exchange \(NYSE\).) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 661.80 Td (CORE BUSINESS LINES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 637.60 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 637.60 Td (America has five business segments - Consumer Banking, Global ) Tj ET Q q 0 0 0 rg BT 400.52 637.60 Td (W) Tj ET Q q 0 0 0 rg BT 410.02 637.60 Td (ealth & Investment ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 624.40 Td (Management, Global Markets, Global Banking, and Legacy ) Tj ET Q q 0 0 0 rg BT 337.76 624.40 Td (Assets & Servicing. For purposes of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 611.20 Td (resolution planning, the Company has identified 17 specific Core Business Lines \(CBLs\) within these ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 598.00 Td (business segments, based on the definition in the 165\(d\) Rule:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 572.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 108 571.33369140625 m 198.4384765625 571.33369140625 l s q 0 0 0 rg BT 108.00 572.80 Td (Core Business Lines) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.44 572.80 Td ( - business lines...including associated operations, services, functions and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 559.60 Td (support that, in the view of the covered company) Tj ET Q q 0 0 0 rg BT 322.64 559.60 Td (, upon failure would result in a material loss of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 546.40 Td (revenue, profit, or franchise value.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 520.00 Td (In addition to the definition provided above, the Company developed further criteria and metrics to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 506.80 Td (determine its Core Business Lines, including revenue and profitability) Tj ET Q q 0 0 0 rg BT 380.13 506.80 Td (, syner) Tj ET Q q 0 0 0 rg BT 409.26 506.80 Td (gies with other businesses, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 493.60 Td (importance to clients, and market share.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 469.40 Td (The following table provides the full list of Core Business Lines, segmented by business. No Core ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 456.20 Td (Business Lines were identified for Legacy ) Tj ET Q q 0 0 0 rg BT 260.17 456.20 Td (Assets & Servicing. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 432.00 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 432.00 Td (able 1 Bank of ) Tj ET Q q 0 0 0 rg BT 156.26 432.00 Td (America Cor) Tj ET Q q 0 0 0 rg BT 217.45 432.00 Td (e Business Lines) Tj ET Q 0.8 0.8 1 rg /GS0 gs 72.50 421.50 336.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 421.5 m 72.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 421.5 m 408.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 421.5 m 408.5 421.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 406.5 m 72.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 406.5 m 408.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 392.5 m 72.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 392.5 m 408.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 377.5 m 72.5 362.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 377.5 m 408.5 362.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 362.5 m 72.5 347.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 362.5 m 408.5 347.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 347.5 m 72.5 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 347.5 m 408.5 332.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 332.5 m 72.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 332.5 m 408.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 318.5 m 72.5 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 318.5 m 408.5 303.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 303.5 m 72.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 303.5 m 408.5 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 288.5 m 72.5 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 288.5 m 408.5 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 274.5 m 72.5 259.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 274.5 m 408.5 259.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 259.5 m 72.5 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 259.5 m 408.5 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 244.5 m 72.5 229.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 244.5 m 408.5 229.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 229.5 m 72.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 229.5 m 408.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 214.5 m 72.5 199.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 214.5 m 408.5 199.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 199.5 m 72.5 184.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 199.5 m 408.5 184.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 184.5 m 72.5 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 184.5 m 408.5 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 169.5 m 72.5 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 169.5 m 408.5 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 154.5 m 72.5 139.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 154.5 m 408.5 139.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 139.5 m 72.5 124.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 139.5 m 408.5 124.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 124.5 m 72.5 110.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 124.5 m 408.5 110.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 110.5 m 72.5 95.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 110.5 m 408.5 95.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 95.5 m 72.5 80.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 95.5 m 408.5 80.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 80.5 m 72.5 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 80.5 m 408.5 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 65.5 m 408.5 65.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 411.18 Td (Core Business Lines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 397.18 Td (Consumer Banking \(CB\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 382.17 Td (U.S. Consumer Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 367.17 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 352.17 Td (U.S. Small Business Non-Card Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 337.17 Td (Mortgages) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 323.18 Td (Global Wealth & Investment Management \(GWIM\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 308.17 Td (Merrill Lynch Wealth Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 293.17 Td (U.S. Trust) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 279.18 Td (Global Markets \(GM\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 75 262.8333984375 m 107.7734375 262.8333984375 l s q 0 0 0 rg BT 75.00 264.17 Td (Equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 249.17 Td (Cash Equities and Equity Derivatives) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 75 232.83339843750002 m 181.357421875 232.83339843750002 l s q 0 0 0 rg BT 75.00 234.17 Td (Fixed Income / Currencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 219.17 Td (Rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 204.17 Td (Currencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 189.17 Td (High Grade / High Yield Trading) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 174.17 Td (Public Finance Trading) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 159.17 Td (Mortgage Trading) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 144.17 Td (Loan Trading) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 129.17 Td (Repo Finance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 115.18 Td (Global Banking \(GB\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 100.17 Td (Global Commercial Banking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 85.17 Td (Global Corporate Banking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 70.17 Td (Global Transaction Services) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (6) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (CRITICAL) Tj ET Q q 0 0 0 rg BT 126.40 712.60 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 166.84 712.60 Td (TIONS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 688.40 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 688.40 Td (America has identified five overarching categories of Critical Operations as listed below) Tj ET Q q 0 0 0 rg BT 498.00 688.40 Td (. ) Tj ET Q q 0 0 0 rg BT 506.05 688.40 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 675.20 Td (first four relate to technology and operations support for specific businesses, while the last contains ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.00 Td (shared services operations that support numerous businesses. ) Tj ET Q q 0 0 0 rg BT 345.83 662.00 Td (The 165\(d\) Rule defines Critical Operations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.80 Td (as operations...including associated services, functions and support, the failure or discontinuance of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.60 Td (which, in the view of the covered company or as jointly directed by the Federal Reserve and FDIC, would ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.40 Td (pose a threat to the financial stability of the United States.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 597.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 597.20 Td (Consumer Banking Operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 584.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 584.00 Td (Global ) Tj ET Q q 0 0 0 rg BT 140.49 584.00 Td (W) Tj ET Q q 0 0 0 rg BT 149.99 584.00 Td (ealth & Investment Management Operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 570.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 570.80 Td (Global Markets Operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 557.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 557.60 Td (Global ) Tj ET Q q 0 0 0 rg BT 140.49 557.60 Td (Wholesale Banking Operations) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 544.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 544.40 Td (Shared Services Operations) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 518.00 Td (MA) Tj ET Q q 0 0 0 rg BT 89.51 518.00 Td (TERIAL) Tj ET Q q 0 0 0 rg BT 131.08 518.00 Td ( ENTITIES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 493.80 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 493.80 Td (America conducts its business through the subsidiaries of BAC and their branches across ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 480.60 Td (multiple jurisdictions. ) Tj ET Q q 0 0 0 rg BT 173.85 480.60 Td (The subsidiaries and branches are established to fulfill a wide range of business, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 467.40 Td (legal, regulatory) Tj ET Q q 0 0 0 rg BT 143.37 467.40 Td (, tax, licensing, and other objectives.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 444.20 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 444.20 Td (America has reviewed its subsidiaries and identified 17 Material Entities for purposes of its 2015 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 431.00 Td (Resolution Plan. Material Entities are determined based on the definition in the 165\(d\) Rule: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 407.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 407.80 Td (a subsidiary or foreign of) Tj ET Q q 0 0 0 rg BT 223.88 407.80 Td (fice of the covered company that is significant to the activities of a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 394.60 Td (Critical Operation or Core Business Line. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 371.40 Td (In addition, certain intermediate holding companies are classified as Material Entities because they could ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 358.20 Td (be used to facilitate the Company) Tj ET Q q 0 0 0 rg BT 222.59 358.20 Td (s preferred resolution strategy) Tj ET Q q 0 0 0 rg BT 353.53 358.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 335.00 Td (The 17 Material Entities include the parent holding company) Tj ET Q q 0 0 0 rg BT 339.49 335.00 Td (, BAC, as well as 14 of its direct and indirect ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 321.80 Td (subsidiaries, and two foreign branches. ) Tj ET Q q 0 0 0 rg BT 248.98 321.80 Td (The chart below provides the name of each Material Entity) Tj ET Q q 0 0 0 rg BT 507.58 321.80 Td (, its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 308.60 Td (acronym, entity type, and home jurisdiction. ) Tj ET Q q 0 0 0 rg BT 272.20 308.60 Td (The designation of Material Entities is done on at least an ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 295.40 Td (annual basis and may be updated at any point for a variety of reasons including a change in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 282.20 Td (Company) Tj ET Q q 0 0 0 rg BT 117.83 282.20 Td (s legal entity structure, a change in the Company) Tj ET Q q 0 0 0 rg BT 335.63 282.20 Td (s business model, or a change in the entity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 269.00 Td (where critical services \(e.g., personnel, applications, vendors, real estate, and financial market utilities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 255.80 Td (\(FMUs\)\) are housed.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (7) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 712.60 Td (able 2 - Bank of ) Tj ET Q q 0 0 0 rg BT 154.42 712.60 Td (America Material Entities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 277.21 712.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 279.96 712.60 Td (- 2015 Designations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.02 712.60 Td ( ) Tj ET Q 0.8 0.8 1 rg /GS0 gs 72.50 702.10 221.00 -18.00 re f /GS0 gs 0.8 0.8 1 rg /GS0 gs 293.50 702.10 50.00 -18.00 re f /GS0 gs 0.8 0.8 1 rg /GS0 gs 343.50 702.10 134.00 -18.00 re f /GS0 gs 0.8 0.8 1 rg /GS0 gs 477.50 702.10 58.00 -18.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 702.1 m 72.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 702.1 m 293.5 702.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 702.1 m 293.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 702.1 m 343.5 702.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 702.1 m 343.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 702.1 m 477.5 702.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 702.1 m 477.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 702.1 m 535.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 702.1 m 535.5 702.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 684.1 m 72.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 684.1 m 293.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 684.1 m 293.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 684.1 m 343.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 684.1 m 343.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 684.1 m 477.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 684.1 m 477.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 684.1 m 535.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 684.1 m 535.5 684.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 669.1 m 72.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 669.1 m 293.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 669.1 m 293.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 669.1 m 343.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 669.1 m 343.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 669.1 m 477.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 669.1 m 477.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 669.1 m 535.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 669.1 m 535.5 669.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 654.1 m 72.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 654.1 m 293.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 654.1 m 293.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 654.1 m 343.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 654.1 m 343.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 654.1 m 477.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 654.1 m 477.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 654.1 m 535.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 654.1 m 535.5 654.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 639.1 m 72.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 639.1 m 293.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 639.1 m 293.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 639.1 m 343.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 639.1 m 343.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 639.1 m 477.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 639.1 m 477.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 639.1 m 535.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 639.1 m 535.5 639.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 624.1 m 72.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 624.1 m 293.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 624.1 m 293.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 624.1 m 343.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 624.1 m 343.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 624.1 m 477.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 624.1 m 477.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 624.1 m 535.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 624.1 m 535.5 624.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 609.1 m 72.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 609.1 m 293.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 609.1 m 293.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 609.1 m 343.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 609.1 m 343.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 609.1 m 477.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 609.1 m 477.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 609.1 m 535.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 609.1 m 535.5 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 594.1 m 72.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 594.1 m 293.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 594.1 m 293.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 594.1 m 343.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 594.1 m 343.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 594.1 m 477.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 594.1 m 477.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 594.1 m 535.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 594.1 m 535.5 594.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 579.1 m 72.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 579.1 m 293.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 579.1 m 293.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 579.1 m 343.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 579.1 m 343.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 579.1 m 477.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 579.1 m 477.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 579.1 m 535.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 579.1 m 535.5 579.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 564.1 m 72.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 564.1 m 293.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 564.1 m 293.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 564.1 m 343.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 564.1 m 343.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 564.1 m 477.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 564.1 m 477.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 564.1 m 535.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 564.1 m 535.5 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 549.1 m 72.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 549.1 m 293.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 549.1 m 293.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 549.1 m 343.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 549.1 m 343.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 549.1 m 477.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 549.1 m 477.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 549.1 m 535.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 549.1 m 535.5 549.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 534.1 m 72.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 534.1 m 293.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 534.1 m 293.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 534.1 m 343.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 534.1 m 343.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 534.1 m 477.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 534.1 m 477.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 534.1 m 535.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 534.1 m 535.5 534.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 519.1 m 72.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 519.1 m 293.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 519.1 m 293.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 519.1 m 343.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 519.1 m 343.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 519.1 m 477.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 519.1 m 477.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 519.1 m 535.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 519.1 m 535.5 519.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 504.1 m 72.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 504.1 m 293.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 504.1 m 293.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 504.1 m 343.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 504.1 m 343.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 504.1 m 477.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 504.1 m 477.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 504.1 m 535.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 504.1 m 535.5 504.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 489.1 m 72.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 489.1 m 293.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 489.1 m 293.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 489.1 m 343.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 489.1 m 343.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 489.1 m 477.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 489.1 m 477.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 489.1 m 535.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 489.1 m 535.5 489.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 474.1 m 72.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 474.1 m 293.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 474.1 m 293.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 474.1 m 343.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 474.1 m 343.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 474.1 m 477.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 474.1 m 477.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 474.1 m 535.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 474.1 m 535.5 474.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 459.1 m 72.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 459.1 m 293.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 459.1 m 293.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 459.1 m 343.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 459.1 m 343.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 459.1 m 477.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 459.1 m 477.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 459.1 m 535.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 459.1 m 535.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 444.1 m 72.5 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 444.1 m 293.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 429.1 m 293.5 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 444.1 m 293.5 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 444.1 m 343.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 429.1 m 343.5 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 444.1 m 343.5 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 444.1 m 477.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 429.1 m 477.5 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 444.1 m 477.5 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.5 444.1 m 535.5 429.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 444.1 m 535.5 444.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 429.1 m 535.5 429.1 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 688.78 Td (Material Entity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 688.78 Td (Acronym) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.00 688.78 Td (Entity Type) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.00 688.78 Td (Jurisdiction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 673.77 Td (Bank of America Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 673.77 Td (BAC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 673.77 Td (Parent Holding Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 673.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 658.77 Td (BAC North America Holding Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 658.77 Td (BACNA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 658.77 Td (Intermediate Holding Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 658.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 643.77 Td (NB Holdings Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 643.77 Td (NB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 643.77 Td (Intermediate Holding Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 643.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 628.77 Td (Bank of America, National Association) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 628.77 Td (BANA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 628.77 Td (Consumer / Commercial Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 628.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 613.77 Td (Bank of America Merrill Lynch International Limited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 613.77 Td (BAMLI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 613.77 Td (U.K. Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 613.77 Td (U.K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 598.77 Td (Bank of America, N.A. - London Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 598.77 Td (BANA - L) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 598.77 Td (Commercial Bank Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 598.77 Td (U.K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 583.77 Td (Bank of America, N.A. - Frankfurt Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 583.77 Td (BANA - F) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 583.77 Td (Commercial Bank Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 583.77 Td (Germany) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 568.77 Td (Bank of America California, National Association) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 568.77 Td (BACANA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 568.77 Td (Bankers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 568.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 553.77 Td (Merrill Lynch, Pierce, Fenner & Smith Incorporated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 553.77 Td (MLPFS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 553.77 Td (Broker-Dealer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 553.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 538.77 Td (Merrill Lynch Professional Clearing Corp.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 538.77 Td (MLPRO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 538.77 Td (Broker-Dealer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 538.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 523.77 Td (Merrill Lynch Capital Services, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 523.77 Td (MLCS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 523.77 Td (Broker-Dealer*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 523.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 508.77 Td (Merrill Lynch International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 508.77 Td (MLI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 508.77 Td (U.K. Broker-Dealer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 508.77 Td (U.K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 493.77 Td (Merrill Lynch Japan Securities Co., Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 493.77 Td (MLJS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 493.77 Td (Japanese Broker-Dealer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 493.77 Td (Japan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 478.77 Td (Merrill Lynch Global Services Pte. Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 478.77 Td (MLGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 478.77 Td (Preferred Service Provider) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 478.77 Td (Singapore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 463.77 Td (BA Continuum India Private Limited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 463.77 Td (BACI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 463.77 Td (Preferred Service Provider) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 463.77 Td (India) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 448.77 Td (Financial Data Services, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 448.77 Td (FDS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 448.77 Td (Preferred Service Provider) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 448.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 433.77 Td (Managed Account Advisors LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 433.77 Td (MAA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 433.77 Td (Preferred Service Provider) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 433.77 Td (U.S.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 407.80 Td (*MLCS is a provisionally-registered U.S. Swaps Dealer; however) Tj ET Q q 0 0 0 rg BT 309.34 407.80 Td (, for simplicity) Tj ET Q q 0 0 0 rg BT 365.09 407.80 Td (s sake, it is included as part of the broker) Tj ET Q q 0 0 0 rg BT 512.37 407.80 Td (-dealer ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 72.00 397.00 Td (entity type group throughout this document.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 373.00 Td (BANK OF) Tj ET Q q 0 0 0 rg BT 121.40 373.00 Td ( ) Tj ET Q q 0 0 0 rg BT 123.54 373.00 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 176.71 373.00 Td ( RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 284.09 373.00 Td (TEGY) Tj ET Q q 0 0 0 rg BT 314.85 373.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 348.80 Td (The preferred resolution strategy for Bank of ) Tj ET Q q 0 0 0 rg BT 272.07 348.80 Td (America) Tj ET Q q 0 0 0 rg BT 312.99 348.80 Td (s 2015 Resolution Plan is a Single Point of Entry ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 335.60 Td (\(SPoE\) strategy) Tj ET Q q 0 0 0 rg BT 150.40 335.60 Td (, under which the Material Entities operating the Company) Tj ET Q q 0 0 0 rg BT 412.19 335.60 Td (s businesses would be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 322.40 Td (recapitalized by BAC prior to its failure, and only BAC would enter proceedings under Chapter 1) Tj ET Q q 0 0 0 rg BT 500.48 322.40 Td (1 of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 309.20 Td (Bankruptcy Code. Most Material Entities would continue to operate as open, fully-capitalized entities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 296.00 Td (\(Continuing Subsidiaries\) in a corporate chain separate from the remaining Material Entities, which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 282.80 Td (would be wound down outside of resolution proceedings \(Solvent ) Tj ET Q q 0 0 0 rg BT 369.06 282.80 Td (W) Tj ET Q q 0 0 0 rg BT 379.00 282.80 Td (ind-Down Subsidiaries\). ) Tj ET Q q 0 0 0 rg BT 496.73 282.80 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 269.60 Td (Continuing Subsidiaries include BACNA, BANA) Tj ET Q q 0 0 0 rg BT 290.47 269.60 Td ( \(including all domestic and all foreign branches, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 256.40 Td (including BANA-L) Tj ET Q q 0 0 0 rg BT 157.44 256.40 Td ( and BANA-F\), BACANA, BAMLI, MLPFS, MLGS, BACI, FDS, and MAA. ) Tj ET Q q 0 0 0 rg BT 508.06 256.40 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 243.20 Td (Solvent ) Tj ET Q q 0 0 0 rg BT 108.16 243.20 Td (W) Tj ET Q q 0 0 0 rg BT 118.11 243.20 Td (ind-Down Subsidiaries include MLCS, MLI, MLPRO, and MLJS.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 230.00 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 216.80 Td (The prompt recapitalization by BAC of its Material Entity subsidiaries and implementation of the SPoE ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 203.60 Td (strategy promotes financial stability by maintaining the continuity of all of the Company) Tj ET Q q 0 0 0 rg BT 464.86 203.60 Td (s Critical ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 190.40 Td (Operations and Core Business Lines. It also maximizes the value of BAC) Tj ET Q q 0 0 0 rg BT 401.02 190.40 Td (s investment in its subsidiaries ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 177.20 Td (by preserving the going-concern value of the Continuing Subsidiaries, maximizing the residual value of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 164.00 Td (the Solvent ) Tj ET Q q 0 0 0 rg BT 124.35 164.00 Td (W) Tj ET Q q 0 0 0 rg BT 134.29 164.00 Td (ind-Down Subsidiaries, and minimizing forced asset sales and losses typically associated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 150.80 Td (with the abrupt liquidation of financial services firms. Customers, depositors, vendors, and counterparties ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 137.60 Td (are paid in full in the normal course of business, and the amount of liquidity required for resolution is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 124.40 Td (reduced. Market disruption is minimized, financial instability is avoided, taxpayer support is not ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 111.20 Td (required, and any losses absorbed by BAC) Tj ET Q q 0 0 0 rg BT 262.32 111.20 Td (s creditors and shareholders are minimized.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 84.80 Td (Under the preferred resolution strategy) Tj ET Q q 0 0 0 rg BT 242.33 84.80 Td (, prior to commencing voluntary proceedings under Chapter 1) Tj ET Q q 0 0 0 rg BT 514.09 84.80 Td (1 of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 71.60 Td (the Bankruptcy Code, BAC would use its available resources to provide capital and liquidity to its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 58.40 Td (Material Entity subsidiaries. In order to ensure the availability of suf) Tj ET Q q 0 0 0 rg BT 376.05 58.40 Td (ficient resources, Bank of ) Tj ET Q q 0 0 0 rg BT 491.21 58.40 Td (America ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (8) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (has developed a methodology for estimating its likely capital and liquidity needs, as well as projecting the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (total loss absorbing capacity and liquidity available to each Material Entity at the point of resolution. ) Tj ET Q q 0 0 0 rg BT 520.85 699.20 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (Company believes the going-concern value preserved for the benefit of BAC and its stakeholders through ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (the recapitalization of the Material Entities and implementation of the SPoE strategy would exceed the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.60 Td (value contributed by BAC to recapitalize the Material Entities. ) Tj ET Q q 0 0 0 rg BT 352.72 659.60 Td (Among other things, the recapitalization ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.40 Td (would greatly reduce the risk of an abrupt liquidation of the Company) Tj ET Q q 0 0 0 rg BT 383.28 646.40 Td (s assets at depressed market prices.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.00 Td (Immediately after filing its petition for Chapter 1) Tj ET Q q 0 0 0 rg BT 287.56 620.00 Td (1 relief and its routine first day motions, BAC would file ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 606.80 Td (an Emer) Tj ET Q q 0 0 0 rg BT 108.75 606.80 Td (gency ) Tj ET Q q 0 0 0 rg BT 137.57 606.80 Td (T) Tj ET Q q 0 0 0 rg BT 143.90 606.80 Td (ransfer Motion. ) Tj ET Q q 0 0 0 rg BT 217.63 606.80 Td (This would seek an order authorizing and approving the execution, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 593.60 Td (delivery) Tj ET Q q 0 0 0 rg BT 107.33 593.60 Td (, and performance by BAC of a ) Tj ET Q q 0 0 0 rg BT 248.25 593.60 Td (T) Tj ET Q q 0 0 0 rg BT 254.58 593.60 Td (rust ) Tj ET Q q 0 0 0 rg BT 273.22 593.60 Td (Agreement creating a private trust for the sole benefit of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 580.40 Td (BAC bankruptcy estate \(NewCo ) Tj ET Q q 0 0 0 rg BT 222.10 580.40 Td (T) Tj ET Q q 0 0 0 rg BT 228.43 580.40 Td (rust\) and the transfer of NB Holdings and other assets of BAC to a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 567.20 Td (newly-formed, substantially debt-free company \(NewCo\), owned by the NewCo ) Tj ET Q q 0 0 0 rg BT 438.05 567.20 Td (T) Tj ET Q q 0 0 0 rg BT 444.38 567.20 Td (rust. In order to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 554.00 Td (comply with the temporary stay provisions of the 2014 International Swaps and Derivatives ) Tj ET Q q 0 0 0 rg BT 478.00 554.00 Td (Association ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 540.80 Td (\(ISDA\) Resolution Stay Protocol, NewCo would assume BAC) Tj ET Q q 0 0 0 rg BT 360.42 540.80 Td (s guarantees of the ISDA) Tj ET Q q 0 0 0 rg BT 470.40 540.80 Td ( Master ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 527.60 Td (Agreements and other covered financial contracts of the subsidiaries of NB Holdings. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 501.20 Td (The ) Tj ET Q q 0 0 0 rg BT 91.65 501.20 Td (T) Tj ET Q q 0 0 0 rg BT 97.99 501.20 Td (rust ) Tj ET Q q 0 0 0 rg BT 116.63 501.20 Td (Agreement would be entered into by BAC as grantor) Tj ET Q q 0 0 0 rg BT 348.96 501.20 Td (, and would provide for legal ownership of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 488.00 Td (the trust estate to be granted to one or more qualified and independent individuals appointed as trustee\(s\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 474.80 Td (of the NewCo ) Tj ET Q q 0 0 0 rg BT 136.26 474.80 Td (T) Tj ET Q q 0 0 0 rg BT 142.59 474.80 Td (rust \(the T) Tj ET Q q 0 0 0 rg BT 192.91 474.80 Td (rustee\). ) Tj ET Q q 0 0 0 rg BT 235.77 474.80 Td (The ) Tj ET Q q 0 0 0 rg BT 255.42 474.80 Td (T) Tj ET Q q 0 0 0 rg BT 261.76 474.80 Td (rust ) Tj ET Q q 0 0 0 rg BT 280.40 474.80 Td (Agreement would provide, among other things, that the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 461.60 Td (trust estate would be held for the exclusive benefit of the holders of claims against, and interests in, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 448.40 Td (BAC bankruptcy estate. ) Tj ET Q q 0 0 0 rg BT 182.69 448.40 Td (The value of the trust estate would be transferred to BAC for distribution to its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 435.20 Td (stakeholders pursuant to BAC) Tj ET Q q 0 0 0 rg BT 207.35 435.20 Td (s plan of reor) Tj ET Q q 0 0 0 rg BT 265.49 435.20 Td (ganization \(BAC) Tj ET Q q 0 0 0 rg BT 348.27 435.20 Td (s Reor) Tj ET Q q 0 0 0 rg BT 376.49 435.20 Td (ganization Plan\). ) Tj ET Q q 0 0 0 rg BT 461.21 435.20 Td (The proposed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 422.00 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 422.00 Td (rustee or ) Tj ET Q q 0 0 0 rg BT 119.06 422.00 Td (T) Tj ET Q q 0 0 0 rg BT 125.39 422.00 Td (rustees of the NewCo ) Tj ET Q q 0 0 0 rg BT 222.95 422.00 Td (T) Tj ET Q q 0 0 0 rg BT 229.28 422.00 Td (rust and the new board of directors and management of NewCo would ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 408.80 Td (be identified in consultation with the Company) Tj ET Q q 0 0 0 rg BT 282.19 408.80 Td (s primary regulators, and would be subject to approval of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 395.60 Td (the Bankruptcy Court in connection with the Emer) Tj ET Q q 0 0 0 rg BT 294.50 395.60 Td (gency ) Tj ET Q q 0 0 0 rg BT 323.31 395.60 Td (T) Tj ET Q q 0 0 0 rg BT 329.65 395.60 Td (ransfer Motion.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 369.20 Td (After the NewCo ) Tj ET Q q 0 0 0 rg BT 150.31 369.20 Td (T) Tj ET Q q 0 0 0 rg BT 156.64 369.20 Td (rust and NewCo are formed, and all requisite regulatory approvals are obtained, BAC ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 356.00 Td (would transfer most of its tangible assets, including BAC) Tj ET Q q 0 0 0 rg BT 327.11 356.00 Td (s 100% interest in NB Holdings, to NewCo. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 342.80 Td (Then the Continuing Subsidiaries would be operated under an intermediate holding company under NB ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 329.60 Td (Holdings, BACNA) Tj ET Q q 0 0 0 rg BT 155.74 329.60 Td ( \(the Surviving Institution\). During the early stages of the Resolution Period, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 316.40 Td (Continuing Subsidiaries would be stabilized so they could continue in business. Ultimately) Tj ET Q q 0 0 0 rg BT 474.27 316.40 Td (, some or all ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 303.20 Td (of the common stock of BACNA) Tj ET Q q 0 0 0 rg BT 217.13 303.20 Td ( would be sold through one or more initial public of) Tj ET Q q 0 0 0 rg BT 444.83 303.20 Td (ferings \(IPOs\) or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 290.00 Td (private transactions or as otherwise provided in BAC) Tj ET Q q 0 0 0 rg BT 308.75 290.00 Td (s Reor) Tj ET Q q 0 0 0 rg BT 336.97 290.00 Td (ganization Plan. ) Tj ET Q q 0 0 0 rg BT 413.14 290.00 Td (The net proceeds of such ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 276.80 Td (IPOs or private transactions and the remainder) Tj ET Q q 0 0 0 rg BT 276.21 276.80 Td (, if any) Tj ET Q q 0 0 0 rg BT 306.35 276.80 Td (, of such BACNA) Tj ET Q q 0 0 0 rg BT 384.58 276.80 Td ( stock would be transferred to the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 263.60 Td (BAC bankruptcy estate as the sole beneficiary of the NewCo ) Tj ET Q q 0 0 0 rg BT 342.44 263.60 Td (T) Tj ET Q q 0 0 0 rg BT 348.77 263.60 Td (rust, for distribution to BAC stakeholders ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 250.40 Td (under BAC) Tj ET Q q 0 0 0 rg BT 125.47 250.40 Td (s Reor) Tj ET Q q 0 0 0 rg BT 153.68 250.40 Td (ganization Plan. ) Tj ET Q q 0 0 0 rg BT 229.86 250.40 Td (T) Tj ET Q q 0 0 0 rg BT 235.81 250.40 Td (o the extent some or all of the stock of BACNA) Tj ET Q q 0 0 0 rg BT 445.38 250.40 Td ( were not sold prior ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 237.20 Td (to confirmation of BAC) Tj ET Q q 0 0 0 rg BT 180.46 237.20 Td (s Reor) Tj ET Q q 0 0 0 rg BT 208.67 237.20 Td (ganization Plan, such shares could be transferred to BAC for distribution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 224.00 Td (to BAC) Tj ET Q q 0 0 0 rg BT 108.98 224.00 Td (s stakeholders in accordance with BAC) Tj ET Q q 0 0 0 rg BT 285.24 224.00 Td (s Reor) Tj ET Q q 0 0 0 rg BT 313.45 224.00 Td (ganization Plan. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 197.60 Td (The wind-down of the Solvent ) Tj ET Q q 0 0 0 rg BT 208.97 197.60 Td (W) Tj ET Q q 0 0 0 rg BT 218.92 197.60 Td (ind-Down Subsidiaries would continue after NB Holdings is transferred) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 184.40 Td (to NewCo. During the wind-down, customer accounts and property would be transferred in an orderly ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 171.20 Td (manner to other dealers, and financial contracts would be transferred, performed when due, or closed out ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 158.00 Td (on negotiated market terms. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 131.60 Td (Ultimately) Tj ET Q q 0 0 0 rg BT 118.33 131.60 Td (, the value of the Surviving Institution and the residual value of the Solvent ) Tj ET Q q 0 0 0 rg BT 452.04 131.60 Td (W) Tj ET Q q 0 0 0 rg BT 461.98 131.60 Td (ind-Down ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 118.40 Td (Subsidiaries would be distributed to holders of claims and interests in BAC) Tj ET Q q 0 0 0 rg BT 406.54 118.40 Td (s Chapter 1) Tj ET Q q 0 0 0 rg BT 456.24 118.40 Td (1 proceedings, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 105.20 Td (pursuant to BAC) Tj ET Q q 0 0 0 rg BT 149.61 105.20 Td (s Reor) Tj ET Q q 0 0 0 rg BT 177.83 105.20 Td (ganization Plan. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 78.80 Td (During resolution, the interests of the BAC bankruptcy estate and its stakeholders would be protected) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 65.60 Td (by the court-approved ) Tj ET Q q 0 0 0 rg BT 171.68 65.60 Td (T) Tj ET Q q 0 0 0 rg BT 178.01 65.60 Td (rustee\(s\) of the NewCo ) Tj ET Q q 0 0 0 rg BT 282.90 65.60 Td (T) Tj ET Q q 0 0 0 rg BT 289.23 65.60 Td (rust, as fiduciaries for the BAC bankruptcy estate, and) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.50 41.90 Td (9) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (by the court-approved board of directors of NewCo. ) Tj ET Q q 0 0 0 rg BT 305.99 712.40 Td (As the sole shareholder of NewCo, the ) Tj ET Q q 0 0 0 rg BT 478.69 712.40 Td (T) Tj ET Q q 0 0 0 rg BT 485.02 712.40 Td (rustee\(s\) of) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (the NewCo ) Tj ET Q q 0 0 0 rg BT 124.35 699.20 Td (T) Tj ET Q q 0 0 0 rg BT 130.68 699.20 Td (rust could consent to or disapprove transactions by NewCo requiring shareholder approval,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (and the ) Tj ET Q q 0 0 0 rg BT 106.62 686.00 Td (T) Tj ET Q q 0 0 0 rg BT 112.95 686.00 Td (rustee\(s\) of the NewCo ) Tj ET Q q 0 0 0 rg BT 217.84 686.00 Td (T) Tj ET Q q 0 0 0 rg BT 224.17 686.00 Td (rust would provide notice to, and consult with, BAC and its creditors to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (the extent provided in the ) Tj ET Q q 0 0 0 rg BT 186.96 672.80 Td (T) Tj ET Q q 0 0 0 rg BT 193.30 672.80 Td (rust ) Tj ET Q q 0 0 0 rg BT 211.94 672.80 Td (Agreement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.40 Td (The preferred resolution strategy could also be ef) Tj ET Q q 0 0 0 rg BT 288.35 646.40 Td (fectively executed if the Continuing Subsidiaries and the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.20 Td (Solvent ) Tj ET Q q 0 0 0 rg BT 108.16 633.20 Td (W) Tj ET Q q 0 0 0 rg BT 118.11 633.20 Td (ind-Down Subsidiaries were to remain subsidiaries of BAC as debtor) Tj ET Q q 0 0 0 rg BT 422.47 633.20 Td (-in-possession. However) Tj ET Q q 0 0 0 rg BT 533.54 633.20 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.00 Td (the Company believes that more value would be preserved for the benefit of BAC and its stakeholders if ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 606.80 Td (NB Holdings were transferred to NewCo, an open, non-bankrupt, well-capitalized bank holding company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 593.60 Td (under new) Tj ET Q q 0 0 0 rg BT 117.41 593.60 Td (, court-approved management and controlled by a private, court-approved fiduciary) Tj ET Q q 0 0 0 rg BT 484.13 593.60 Td (. ) Tj ET Q q 0 0 0 rg BT 491.77 593.60 Td (As ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 580.40 Td (fiduciary) Tj ET Q q 0 0 0 rg BT 110.99 580.40 Td (, the ) Tj ET Q q 0 0 0 rg BT 132.48 580.40 Td (T) Tj ET Q q 0 0 0 rg BT 138.81 580.40 Td (rustee\(s\) of the NewCo ) Tj ET Q q 0 0 0 rg BT 243.69 580.40 Td (T) Tj ET Q q 0 0 0 rg BT 250.02 580.40 Td (rust would be accountable to BAC) Tj ET Q q 0 0 0 rg BT 404.91 580.40 Td (s bankruptcy estate and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 567.20 Td (BAC) Tj ET Q q 0 0 0 rg BT 97.67 567.20 Td (s creditors. ) Tj ET Q q 0 0 0 rg BT 151.24 567.20 Td (The Surviving Institution and the Solvent ) Tj ET Q q 0 0 0 rg BT 336.19 567.20 Td (W) Tj ET Q q 0 0 0 rg BT 346.14 567.20 Td (ind-Down Subsidiaries would be more ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 554.00 Td (speedily stabilized if they were administered separately from the BAC bankruptcy estate.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 527.60 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 527.60 Td (America) Tj ET Q q 0 0 0 rg BT 150.20 527.60 Td (s 2015 Resolution Plan outlines substantial restructuring actions that have already been ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 514.40 Td (completed by the Company) Tj ET Q q 0 0 0 rg BT 192.56 514.40 Td (, or are in the process of being completed, that will make the preferred ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 501.20 Td (resolution strategy more operationally feasible. ) Tj ET Q q 0 0 0 rg BT 284.71 501.20 Td (These include, but are not limited to, actions to ensure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 488.00 Td (continued access across all Material Entities to critical services \(e.g., personnel, applications, vendors, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 474.80 Td (real estate and FMUs\) and other actions described below) Tj ET Q q 0 0 0 rg BT 321.15 474.80 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 448.40 Td (RESUL) Tj ET Q q 0 0 0 rg BT 107.67 448.40 Td (TING ORGANIZA) Tj ET Q q 0 0 0 rg BT 198.23 448.40 Td (TION ) Tj ET Q q 0 0 0 rg BT 228.49 448.40 Td (AFTER COMPLETION OF) Tj ET Q q 0 0 0 rg BT 362.53 448.40 Td ( RESOLUTION PROCESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 424.20 Td (Upon completion of the resolution process, the Surviving Institution would serve fewer customers and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 411.00 Td (of) Tj ET Q q 0 0 0 rg BT 80.96 411.00 Td (fer fewer products, and the overall size of the or) Tj ET Q q 0 0 0 rg BT 292.12 411.00 Td (ganization would be smaller) Tj ET Q q 0 0 0 rg BT 415.84 411.00 Td (. ) Tj ET Q q 0 0 0 rg BT 423.89 411.00 Td (The resulting or) Tj ET Q q 0 0 0 rg BT 493.95 411.00 Td (ganization ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 397.80 Td (would continue to provide corporate, commercial and retail clients with traditional banking products and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 384.60 Td (services on a national and global basis. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 359.40 Td (The Global Markets businesses would be wound down or sold. ) Tj ET Q q 0 0 0 rg BT 354.10 359.40 Td (The majority of the Global Markets assets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 346.20 Td (are lar) Tj ET Q q 0 0 0 rg BT 99.58 346.20 Td (gely high-quality fixed income and equity securities that could be liquidated over a short time ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 333.00 Td (period, with over half of the assets in reverse repurchase agreements and stock borrowed contracts with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 319.80 Td (short-dated contractual maturities that would mature into cash. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 294.60 Td (The Global Banking business would expect an overall decline in the size of its loan and deposit portfolio, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 281.40 Td (reflecting client attrition and lack of new origination as Global Banking simplifies its business strategy) Tj ET Q q 0 0 0 rg BT 523.41 281.40 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 256.20 Td (The GWIM and Consumer Banking activities would continue to be Core Business Lines. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 231.00 Td (Based upon the Company) Tj ET Q q 0 0 0 rg BT 188.40 231.00 Td (s preferred resolution strategy) Tj ET Q q 0 0 0 rg BT 319.33 231.00 Td (, the non-bank Material Entities) Tj ET Q q 0 0 0 rg BT 461.78 231.00 Td ( asset size should ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 217.80 Td (be reduced by approximately 80% and the asset size of the main bank Material Entity) Tj ET Q q 0 0 0 rg BT 447.61 217.80 Td (, BANA, by one-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 204.60 Td (third. By the end of the resolution process, the Company estimates the overall asset size of the Surviving ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 191.40 Td (Institution returned to public ownership could be reduced from $2.1 trillion to approximately $1.2 trillion ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 178.20 Td (as it reduces its product of) Tj ET Q q 0 0 0 rg BT 187.58 178.20 Td (ferings and the size of its global footprint. ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 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 72.00 712.60 Td (ACTIONS ) Tj ET Q q 0 0 0 rg BT 124.67 712.60 Td (T) Tj ET Q q 0 0 0 rg BT 131.19 712.60 Td (AKEN ) Tj ET Q q 0 0 0 rg BT 165.12 712.60 Td (AND UNDER) Tj ET Q q 0 0 0 rg BT 230.43 712.60 Td (W) Tj ET Q q 0 0 0 rg BT 240.21 712.60 Td (A) Tj ET Q q 0 0 0 rg BT 247.14 712.60 Td (Y) Tj ET Q q 0 0 0 rg BT 254.68 712.60 Td ( ) Tj ET Q q 0 0 0 rg BT 257.23 712.60 Td (T) Tj ET Q q 0 0 0 rg BT 264.37 712.60 Td (O ENHANCE RESOL) Tj ET Q q 0 0 0 rg BT 369.71 712.60 Td (V) Tj ET Q q 0 0 0 rg BT 376.23 712.60 Td (ABILITY) Tj ET Q q 0 0 0 rg BT 422.29 712.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.20 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 686.20 Td (America is committed to improving resolvability by identifying and mitigating risks to a rapid ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.00 Td (and orderly resolution. In order to ensure that impediments are identified and mitigated on an ongoing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (basis, the Company has incorporated the identification of resolvability risks into its business-as-usual ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.60 Td (routines. ) Tj ET Q q 0 0 0 rg BT 115.08 646.60 Td (A) Tj ET Q q 0 0 0 rg BT 122.42 646.60 Td ( resolvability risk is an issue that may materially hamper the rapid and orderly resolution of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.40 Td (one or more Material Entities, Core Business Lines, or Critical Operations. Since submitting its first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.20 Td (Resolution Plan in 2012, Bank of ) Tj ET Q q 0 0 0 rg BT 220.81 620.20 Td (America has completed over 20 projects to enhance resolvability and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 607.00 Td (mitigate resolvability risks.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.80 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 582.80 Td (America has demonstrated substantial progress in enhancing resolvability and believes its 2015 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.60 Td (Resolution Plan is credible, but also recognizes that additional actions are needed to further limit the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.40 Td (possibility that severe financial stress at the Company could cause harm to customers, employees, U.S. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 543.20 Td (taxpayers, or the overall economy or financial system. ) Tj ET Q q 0 0 0 rg BT 315.86 543.20 Td (The Company is committed to substantially ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 530.00 Td (completing these additional actions by mid-2017, as outlined in detailed project plans included within the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 516.80 Td (Plan. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 493.60 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 493.60 Td (America has centralized the responsibility for the execution of these additional actions within the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 480.40 Td (Enterprise Resolution Execution Of) Tj ET Q q 0 0 0 rg BT 229.13 480.40 Td (fice. ) Tj ET Q q 0 0 0 rg BT 253.66 480.40 Td (This Of) Tj ET Q q 0 0 0 rg BT 287.38 480.40 Td (fice is responsible for ensuring that project dependencies ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 467.20 Td (across the or) Tj ET Q q 0 0 0 rg BT 127.39 467.20 Td (ganization are identified, projects have detailed milestones and delivery dates, and there is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 454.00 Td (consistency of project execution across the enterprise. ) Tj ET Q q 0 0 0 rg BT 314.63 454.00 Td (The Enterprise Resolution Execution Of) Tj ET Q q 0 0 0 rg BT 491.61 454.00 Td (fice is also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 440.80 Td (responsible for reporting progress against milestone dates, as well as risks to execution, to executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 427.60 Td (management on a regular basis.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 404.40 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 404.40 Td (America has aligned the completed resolvability enhancements and the actions underway into ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 391.20 Td (four primary areas of resolution preparedness:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 368.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 368.00 Td (Financial Pr) Tj ET Q q 0 0 0 rg BT 166.16 368.00 Td (epar) Tj ET Q q 0 0 0 rg BT 187.34 368.00 Td (edness:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 221.57 368.00 Td ( the framework for) Tj ET Q q 0 0 0 rg BT 303.89 368.00 Td (, and placement of, capital and liquidity necessary to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 354.80 Td (execute the resolution strategies for the Material Entities;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 341.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 341.60 Td (Structural Pr) Tj ET Q q 0 0 0 rg BT 171.04 341.60 Td (epar) Tj ET Q q 0 0 0 rg BT 192.22 341.60 Td (edness:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 226.44 341.60 Td ( the continued rationalization of the Company) Tj ET Q q 0 0 0 rg BT 431.72 341.60 Td (s legal entity structure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 328.40 Td (and business practices for enhanced recoverability and resolvability;) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 315.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 315.20 Td (Decision-Making Pr) Tj ET Q q 0 0 0 rg BT 202.21 315.20 Td (epar) Tj ET Q q 0 0 0 rg BT 223.39 315.20 Td (edness:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 257.62 315.20 Td ( the formalization of overarching event management ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 302.00 Td (governance to guide board and management decisions during times of severe financial stress; and) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 288.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 288.80 Td (Operational Pr) Tj ET Q q 0 0 0 rg BT 178.98 288.80 Td (epar) Tj ET Q q 0 0 0 rg BT 200.17 288.80 Td (edness:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 234.39 288.80 Td ( the further build out of executable operational continuity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 275.60 Td (capabilities.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 250.40 Td (An overview of actions taken to date in each of these key areas along with enhancements that are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 237.20 Td (currently underway is outlined below) Tj ET Q q 0 0 0 rg BT 235.63 237.20 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 213.00 Td (Financial Pr) Tj ET Q q 0 0 0 rg BT 130.16 213.00 Td (epar) Tj ET Q q 0 0 0 rg BT 151.34 213.00 Td (edness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 188.80 Td (Since the financial crisis, Bank of ) Tj ET Q q 0 0 0 rg BT 222.60 188.80 Td (America has reduced risk and decreased the size of its balance sheet ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 175.60 Td (while substantially strengthening capital and liquidity to reduce the likelihood of the Company ever ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 162.40 Td (entering resolution. ) Tj ET Q q 0 0 0 rg BT 162.84 162.40 Td (The post-crisis strategy of the Company has been clear: to deliver the full breadth of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 149.20 Td (the franchise to three customer groups, while building and maintaining a fortress balance sheet. ) Tj ET Q q 0 0 0 rg BT 496.70 149.20 Td (This ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 136.00 Td (transformation has emphasized both increasing available financial resources \(capital and liquidity\) and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 122.80 Td (reducing and better managing risk across businesses.) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 304.47 122.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 309.97 122.80 Td (Specifically) Tj ET Q q 0 0 0 rg BT 361.79 122.80 Td (, since 2009, the Company has ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 109.60 Td (accomplished the following:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 84.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 84.40 Td (Increased capital levels from $76 billion in the first quarter of 2009 to $147 billion in the first ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 71.20 Td (quarter of 2015 \(T) Tj ET Q q 0 0 0 rg BT 188.56 71.20 Td (ier 1 Common Equity\), while materially reducing the Company) Tj ET Q q 0 0 0 rg BT 471.13 71.20 Td (s risk profile) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 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 /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 712.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 712.40 Td (Built record levels of excess liquidity - $478 billion in the first quarter of 2015 - more than double ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 699.20 Td (those of the first quarter of 2009) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 672.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 672.80 Td (Significantly reduced the long-term debt footprint, from $523 billion in the fourth quarter of 2009 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 659.60 Td (to $238 billion in the first quarter of 2015) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 633.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 633.20 Td (Lowered refinancing risk by reducing, extending, and smoothing the maturity profile for long-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 620.00 Td (term debt, as demonstrated by a reduction in near) Tj ET Q q 0 0 0 rg BT 324.95 620.00 Td (-term, annual long-term debt maturities from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 606.80 Td (over $50 billion to approximately $20-25 billion per year) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 580.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 580.40 Td (Concurrently maintained strong parent liquidity) Tj ET Q q 0 0 0 rg BT 317.46 580.40 Td (, yielding more than three years) Tj ET Q q 0 0 0 rg BT 459.59 580.40 Td ( coverage of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 567.20 Td (maturities, versus 27 months) Tj ET Q q 0 0 0 rg BT 237.34 567.20 Td ( coverage of maturities in 2009) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 540.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 540.80 Td (Eliminated both parent commercial paper and broker) Tj ET Q q 0 0 0 rg BT 340.52 540.80 Td (-dealer master notes, resulting in an 85% ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 527.60 Td (reduction in total outstanding commercial paper and short-term borrowings) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 501.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 501.20 Td (Further moderated short-term liquidity risk in non-traditional repo, as 84% of the overall portfolio ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 488.00 Td (now has a term of greater than one month, up from 55%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 461.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 461.60 Td (Focused the franchise on serving core customers and eliminated proprietary or non-core ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 448.40 Td (activities, including $73 billion in divestitures) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 423.20 Td (The Company has made significant progress to reduce potential loss severity if resolution were required. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 410.00 Td (Critical to this transformation has been increasing the resolution financial preparedness of the Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 396.80 Td (to ensure more than adequate capital and liquidity \(i.e., financial resources\) exist within the Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 383.60 Td (relative to the risk the Company takes in its businesses, and that the financial resources are readily ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 370.40 Td (available to the legal entities that could need them during a financial stress event.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 345.20 Td (The material increases in financial resources relative to risk should enable Bank of ) Tj ET Q q 0 0 0 rg BT 437.62 345.20 Td (America, as it exists ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 332.00 Td (today) Tj ET Q q 0 0 0 rg BT 95.72 332.00 Td (, to weather a severe financial stress event without needing to enter resolution. In the unlikely event ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 318.80 Td (the Company is required to enter resolution, Material Entities have been structured in a manner that ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 305.60 Td (would enable them to continue forward or be wound down in a solvent manner without the need for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 292.40 Td (taxpayer assistance.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 267.20 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 267.20 Td (America remains committed to continuing to enhance financial preparedness wherever possible. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 254.00 Td (For example, since the last resolution plan submission, the Company has completed a number of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 240.80 Td (initiatives, including:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 215.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 215.60 Td (T) Tj ET Q q 0 0 0 rg BT 113.95 215.60 Td (o ensure that each Material Entity has access to appropriate levels of liquidity needed in a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 202.40 Td (resolution scenario, the Company has adjusted its approach to intercompany funding. ) Tj ET Q q 0 0 0 rg BT 488.43 202.40 Td (This ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 189.20 Td (initiative established a consistent approach to providing liquidity to the Material Entities and has ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 176.00 Td (resulted in increased pre-positioning of liquidity into Material Entities, as appropriate. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 149.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 149.60 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 145.28 149.60 Td (America has also reviewed and enhanced its capital management framework for all ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 136.40 Td (Material Entities. ) Tj ET Q q 0 0 0 rg BT 189.67 136.40 Td (This initiative instituted a consistent approach for assessing capital adequacy ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 123.20 Td (and set up risk-based internal capital triggers to ensure the capital held by each Material Entity is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 110.00 Td (adequate to absorb potential losses that could occur within the entity) Tj ET Q q 0 0 0 rg BT 408.49 110.00 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 84.80 Td (Enhanced pre-positioning of liquidity and capital, along with the Company) Tj ET Q q 0 0 0 rg BT 404.99 84.80 Td (s improved liquidity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 71.60 Td (forecasting and stress testing capabilities, support the preferred resolution strategy and have financially ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 58.40 Td (prepared Bank of ) Tj ET Q q 0 0 0 rg BT 150.50 58.40 Td (America for resolution.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (12) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (Structural Pr) Tj ET Q q 0 0 0 rg BT 135.04 712.60 Td (epar) Tj ET Q q 0 0 0 rg BT 156.22 712.60 Td (edness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 688.40 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 688.40 Td ( simpler and more straightforward alignment of legal entities to Core Business Lines and Critical ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 675.20 Td (Operations supports the Company) Tj ET Q q 0 0 0 rg BT 225.07 675.20 Td (s ability to execute an orderly resolution. ) Tj ET Q q 0 0 0 rg BT 409.88 675.20 Td (As part of the Company) Tj ET Q q 0 0 0 rg BT 518.64 675.20 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.00 Td (transformation since the financial crisis, simplifying the legal entity structure has been a priority) Tj ET Q q 0 0 0 rg BT 494.66 662.00 Td (. ) Tj ET Q q 0 0 0 rg BT 502.31 662.00 Td (A) Tj ET Q q 0 0 0 rg BT 509.64 662.00 Td ( few ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.80 Td (key actions taken include:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 624.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 624.60 Td (The number of legal entities governed by the Subsidiary Governance Policy has been reduced by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 611.40 Td (roughly 45% since 201) Tj ET Q q 0 0 0 rg BT 209.33 611.40 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 585.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 585.00 Td (A) Tj ET Q q 0 0 0 rg BT 115.34 585.00 Td ( number of internal mer) Tj ET Q q 0 0 0 rg BT 219.60 585.00 Td (gers have simplified the or) Tj ET Q q 0 0 0 rg BT 336.70 585.00 Td (ganizational structure, reduced complexity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 571.80 Td (and interconnectedness, and enhanced structural preparedness for resolution:) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 543.03 cm /I2 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 545.40 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 184.02 545.40 Td (ynch & Co., Inc. was mer) Tj ET Q q 0 0 0 rg BT 296.85 545.40 Td (ged into BAC as of October 1, 2013) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 529.83 cm /I3 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 532.20 Td (FIA) Tj ET Q q 0 0 0 rg BT 161.12 532.20 Td ( Card Services, National ) Tj ET Q q 0 0 0 rg BT 270.78 532.20 Td (Association was mer) Tj ET Q q 0 0 0 rg BT 362.23 532.20 Td (ged into BANA) Tj ET Q q 0 0 0 rg BT 431.29 532.20 Td ( as of October 1, 2014) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 516.63 cm /I4 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 519.00 Td (T) Tj ET Q q 0 0 0 rg BT 149.95 519.00 Td (wo smaller banks, Bank of ) Tj ET Q q 0 0 0 rg BT 269.71 519.00 Td (America Rhode Island, N.A. and Bank of ) Tj ET Q q 0 0 0 rg BT 454.22 519.00 Td (America Oregon, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 505.80 Td (N.A., were mer) Tj ET Q q 0 0 0 rg BT 211.91 505.80 Td (ged into BANA) Tj ET Q q 0 0 0 rg BT 280.97 505.80 Td ( in 2013) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 479.40 Td (In 2012 and 2013, the Company completed a detailed analysis of the provision of critical services \(e.g., ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 466.20 Td (personnel, applications, vendors, real estate and FMUs\). ) Tj ET Q q 0 0 0 rg BT 324.74 466.20 Td (The outcome of this analysis was to designate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 453.00 Td (certain legal entities as Preferred Service Providers and to subsequently realign these critical services into ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 439.80 Td (these entities. ) Tj ET Q q 0 0 0 rg BT 137.17 439.80 Td (This realignment will be substantially complete in 2015. ) Tj ET Q q 0 0 0 rg BT 390.54 439.80 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 435.89 439.80 Td (, the critical services ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 426.60 Td (needed in a resolution will be continuously evaluated to ensure they are aligned appropriately to support ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 413.40 Td (the Company) Tj ET Q q 0 0 0 rg BT 134.02 413.40 Td (s structural preparedness.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 387.00 Td (In addition, the Company has developed a set of legal entity criteria that considers resolvability risk and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 373.80 Td (has completed an analysis of each of its Material Entities against this set of criteria. ) Tj ET Q q 0 0 0 rg BT 444.16 373.80 Td (This analysis has ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 360.60 Td (resulted in multiple initiatives that will be undertaken to further rationalize the legal entity structure, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 347.40 Td (including the realignment of certain legal entities and businesses. Most notably) Tj ET Q q 0 0 0 rg BT 421.98 347.40 Td (, the retail and wholesale ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 334.20 Td (broker) Tj ET Q q 0 0 0 rg BT 100.49 334.20 Td (-dealer activities operating in Merrill L) Tj ET Q q 0 0 0 rg BT 271.84 334.20 Td (ynch, Pierce, Fenner & Smith Incorporated \(MLPFS\) will ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 321.00 Td (be separated into two distinct legal entities. ) Tj ET Q q 0 0 0 rg BT 267.20 321.00 Td (Another important step the Company is taking is to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 307.80 Td (rationalize business practices to reduce interconnectedness. ) Tj ET Q q 0 0 0 rg BT 338.14 307.80 Td (This initiative will entail, among other things, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 294.60 Td (a substantial reduction in certain types of intercompany derivative transactions and a restriction on their ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 281.40 Td (use going forward through formal limits and policies.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 256.20 Td (The simplification of the legal entity structure over the past several years has been coupled with a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 243.00 Td (strengthening of the oversight of the Company) Tj ET Q q 0 0 0 rg BT 280.35 243.00 Td (s legal entities. ) Tj ET Q q 0 0 0 rg BT 351.33 243.00 Td (The Company developed a Subsidiary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 229.80 Td (Governance Policy in 2010 that included: tiering the entire population of legal entities; setting minimum ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 216.60 Td (legal entity reporting requirements; and designating representatives from the businesses, finance, and risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 203.40 Td (as formal legal entity designees. ) Tj ET Q q 0 0 0 rg BT 218.32 203.40 Td (A) Tj ET Q q 0 0 0 rg BT 225.66 203.40 Td ( Legal Entity Executive \(LEE\) was formally named in 201) Tj ET Q q 0 0 0 rg BT 492.51 203.40 Td (1 with the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 190.20 Td (responsibility to oversee the Subsidiary Governance Policy) Tj ET Q q 0 0 0 rg BT 331.56 190.20 Td (. ) Tj ET Q q 0 0 0 rg BT 339.61 190.20 Td (The LEE has responsibility to ensure that the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 177.00 Td (legal entity structure is measured against the formal set of criteria as part of business-as-usual processes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 163.80 Td (and routines. ) Tj ET Q q 0 0 0 rg BT 134.12 163.80 Td (The LEE has a formal linkage with the Global Recovery and Resolution Planning team and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 150.60 Td (is a member of the Global Recovery and Resolution Planning Council. ) Tj ET Q q 0 0 0 rg BT 387.99 150.60 Td (This engagement facilitates ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 137.40 Td (connectivity between the development of the Company) Tj ET Q q 0 0 0 rg BT 318.21 137.40 Td (s preferred resolution strategy and the overall ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 124.20 Td (legal entity strategy) Tj ET Q q 0 0 0 rg BT 158.03 124.20 Td (.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (13) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (Decision-Making Pr) Tj ET Q q 0 0 0 rg BT 166.21 712.60 Td (epar) Tj ET Q q 0 0 0 rg BT 187.39 712.60 Td (edness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 687.40 Td (In times of operational or financial distress, management and the boards of directors of the Material ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 674.20 Td (Entities need to be informed and provided with critical data in a timely manner to allow them to make ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 661.00 Td (decisions to avoid further precipitation of the crisis at hand. Over the past few years, the Company has ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 647.80 Td (taken great strides to increase the boards of directors) Tj ET Q q 0 0 0 rg BT 306.37 647.80 Td ( oversight of the Material Entities) Tj ET Q q 0 0 0 rg BT 457.37 647.80 Td ( risks and to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 634.60 Td (enhance the reporting of critical information to the boards of directors. ) Tj ET Q q 0 0 0 rg BT 387.94 634.60 Td (The boards of directors and / or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 621.40 Td (their committees conduct inquiries of, and receive both regular and timely reports from, management as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 608.20 Td (part of their routine oversight functions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 583.00 Td (Further) Tj ET Q q 0 0 0 rg BT 103.94 583.00 Td (, as part of its overall contingency preparedness, the Company established, both before and after ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.80 Td (the financial crisis, several plans to ensure rapid decision-making and implementation of critical actions. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.60 Td (These plans include triggers, notifications, and communications protocols which enable management and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 543.40 Td (the boards of directors of the Material Entities to act in an informed and timely manner) Tj ET Q q 0 0 0 rg BT 454.13 543.40 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 518.20 Td (These contingency plans include:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 491.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 491.80 Td (Business Continuity Plans,) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 233.01 491.80 Td ( used in times of operational stress, regardless of the Company) Tj ET Q q 0 0 0 rg BT 511.92 491.80 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 478.60 Td (financial condition, enable the Company to continue to operate critical services during events, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 465.40 Td (such as natural disasters, that would interrupt the ability of the Company to operate in the normal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 452.20 Td (course of business) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 425.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 425.80 Td (The Capital Contingency Plan) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.10 425.80 Td ( outlines actions the Company may take to raise capital during ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 412.60 Td (times of financial stress) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 386.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 386.20 Td (The Contingency Funding Plan ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 257.76 386.20 Td (outlines actions the Company may take to address potential ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 373.00 Td (liquidity shortfalls during periods of financial stress) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 346.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 346.60 Td (The Recovery Plan) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 197.20 346.60 Td ( outlines actions the Company may take in order to recover from a financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 333.40 Td (stress situation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 307.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 307.00 Td (The Resolution Plan) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 203.35 307.00 Td ( provides a roadmap of the actions the Company would take to resolve itself ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 293.80 Td (in an orderly fashion without disruption to the U.S. economy or financial system. ) Tj ET Q q 0 0 0 rg BT 470.44 293.80 Td (The Plan does ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 280.60 Td (not rely on taxpayer support or the provision of extraordinary support by the United States, or any ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 267.40 Td (other government) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 242.20 Td (The Company has established a central Event Management Group to ensure all contingency plans are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 229.00 Td (well-coordinated across key areas and to enable rapid decision-making during times of crisis. ) Tj ET Q q 0 0 0 rg BT 487.53 229.00 Td (T) Tj ET Q q 0 0 0 rg BT 493.86 229.00 Td (riggers ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 215.80 Td (that would activate the plans and communication protocols that would be activated after initiation of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 202.60 Td (plans are coordinated by this group. ) Tj ET Q q 0 0 0 rg BT 234.93 202.60 Td (The Event Management Group ensures key stakeholders, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 189.40 Td (management and the boards of directors of Material Entities, have access to timely and accurate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 176.20 Td (information needed for decision-making during times of economic stress.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 151.00 Td (In addition, Bank of ) Tj ET Q q 0 0 0 rg BT 162.74 151.00 Td (America is formally documenting key decisions that the boards of directors of each ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 137.80 Td (Material Entity would need to consider during periods of financial stress through a Resolution Period. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 124.60 Td (This documentation includes the major decisions the boards of directors would need to consider) Tj ET Q q 0 0 0 rg BT 493.43 124.60 Td (, as well ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 111.40 Td (as the communication necessary with key constituents, including the other Material Entity boards of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 98.20 Td (directors, to facilitate execution of the preferred resolution strategy) Tj ET Q q 0 0 0 rg BT 366.02 98.20 Td (. ) Tj ET Q q 0 0 0 rg BT 374.08 98.20 Td (This documentation gives the boards ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 85.00 Td (of directors, management, and regulators, among other constituents, confidence that the boards of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 71.80 Td (directors would have information needed to make decisions in a timely manner) Tj ET Q q 0 0 0 rg BT 419.32 71.80 Td (. ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 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 72.00 712.60 Td (Operational Pr) Tj ET Q q 0 0 0 rg BT 142.98 712.60 Td (epar) Tj ET Q q 0 0 0 rg BT 164.17 712.60 Td (edness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.73 712.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.20 Td (Global ) Tj ET Q q 0 0 0 rg BT 104.49 686.20 Td (T) Tj ET Q q 0 0 0 rg BT 110.44 686.20 Td (echnology and Operations \(GT&O\) is the functional or) Tj ET Q q 0 0 0 rg BT 362.25 686.20 Td (ganization within Bank of ) Tj ET Q q 0 0 0 rg BT 478.95 686.20 Td (America ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.00 Td (responsible for managing the Company) Tj ET Q q 0 0 0 rg BT 248.57 673.00 Td (s global infrastructure, technology) Tj ET Q q 0 0 0 rg BT 398.76 673.00 Td (, and operations to meet client ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (needs, with appropriate controls and testing to ensure operational risks are mitigated. GT&O has several ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.60 Td (strategic objectives to support operational ef) Tj ET Q q 0 0 0 rg BT 266.99 646.60 Td (fectiveness and ef) Tj ET Q q 0 0 0 rg BT 345.58 646.60 Td (ficiency) Tj ET Q q 0 0 0 rg BT 380.29 646.60 Td (, as well as preparedness for crisis ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.40 Td (situations, including:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 607.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 607.00 Td (Enable Business Strategies) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 233.29 607.00 Td ( - In partnership with front line units and control functions, GT&O ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 593.80 Td (develops strategic plans which provide roadmaps for technology capabilities and foundational ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 580.60 Td (architecture. ) Tj ET Q q 0 0 0 rg BT 167.96 580.60 Td (The plans take into account several aspects including:) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 551.83 cm /I5 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 554.20 Td (what is possible and proven in technology today;) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 538.63 cm /I6 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 541.00 Td (use of scale to change the way infrastructure is deployed;) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 525.43 cm /I7 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 527.80 Td (digitization of platforms and operating processes. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 501.40 Td (Not only do the strategic plans support business strategies, they are part of a more nimble set of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 488.20 Td (technology and operations capabilities in the event of resolution.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 464.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 464.00 Td (Simplify and Modernize ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 224.42 464.00 Td (- Over the past several years, the Company has invested in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 450.80 Td (modernization of its platforms, resulting in a reduction in complexity through the retirement of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 437.60 Td (applications and the simplification of technology environments. Ef) Tj ET Q q 0 0 0 rg BT 404.43 437.60 Td (forts span from the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 424.40 Td (consolidation of platforms - such as reduction of three deposit platforms to one - to broader ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 411.20 Td (transformational programs that are eliminating duplicate systems of record, automating manual ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 398.00 Td (processes, significantly increasing processing capacity) Tj ET Q q 0 0 0 rg BT 347.07 398.00 Td (, and delivering more resilient hardware ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 384.80 Td (and software. ) Tj ET Q q 0 0 0 rg BT 172.56 384.80 Td (The ef) Tj ET Q q 0 0 0 rg BT 200.75 384.80 Td (forts to simplify and modernize not only have business-as-usual benefits, but ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 371.60 Td (also directly enhance the Company) Tj ET Q q 0 0 0 rg BT 265.61 371.60 Td (s operational preparedness for crisis situations, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 358.40 Td (resolution.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 332.00 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 332.00 Td (Reduce Risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 169.72 332.00 Td (- Operational risk has been reduced through improved platform stability) Tj ET Q q 0 0 0 rg BT 485.78 332.00 Td (, enabled by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 318.80 Td (simplification and modernization ef) Tj ET Q q 0 0 0 rg BT 265.12 318.80 Td (forts, and the management of operational performance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 305.60 Td (through strict governance over error analysis, root cause discovery) Tj ET Q q 0 0 0 rg BT 400.21 305.60 Td (, and disciplined mitigation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 292.40 Td (programs. Operational risk has also been reduced through the monitoring and management of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 279.20 Td (high-risk processes, identification of key controls for these processes, and monitoring and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 266.00 Td (independent testing of the key controls) Tj ET Q q 0 0 0 rg BT 281.61 266.00 Td ( ef) Tj ET Q q 0 0 0 rg BT 292.71 266.00 Td (fectiveness. ) Tj ET Q q 0 0 0 rg BT 349.62 266.00 Td (The reduction in operating risk also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 252.80 Td (positions the Company to be more prepared for crisis situations. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 226.40 Td (In addition to the strategic objectives described above, the Company has key areas of focus which enable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 213.20 Td (the execution of business priorities and also are key to the foundation of ef) Tj ET Q q 0 0 0 rg BT 400.18 213.20 Td (fective resolution capabilities. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 186.80 Td (Management Information - ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 203.07 186.80 Td (The) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 220.17 186.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 222.92 186.80 Td (Company has extensive reporting capabilities that allow for the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 173.60 Td (generation of key reports that are frequently produced and readily available during the normal course of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 160.40 Td (business. ) Tj ET Q q 0 0 0 rg BT 117.33 160.40 Td (The Company is implementing enhanced data management and governance standards in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 147.20 Td (support of more robust capabilities that are critical for ef) Tj ET Q q 0 0 0 rg BT 320.74 147.20 Td (fective risk data aggregation and reporting, in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 134.00 Td (both the normal course of business as well as in a resolution scenario. For example, the standards ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 120.80 Td (implementation will drive enhancements and testing of controls for data inputs into resolution critical ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 107.60 Td (processes such as liquidity and capital management and reporting. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 83.40 Td (The Company has developed a technology platform to maintain and analyze the connections between and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 70.20 Td (among Material Entities, Core Business Lines, and Critical Operations for resolution planning. ) Tj ET Q q 0 0 0 rg BT 494.00 70.20 Td (The key ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (15) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (critical services analyzed are personnel, applications, vendors, real estate, and FMUs. ) Tj ET Q q 0 0 0 rg BT 453.30 712.40 Td (This tool highlights ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (interdependencies and enhances operational continuity planning and preparedness. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (Divestitur) Tj ET Q q 0 0 0 rg BT 118.85 672.80 Td (e Capability - ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 185.15 672.80 Td (The Company has developed and implemented a center of expertise around ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.60 Td (divestiture execution. ) Tj ET Q q 0 0 0 rg BT 171.99 659.60 Td (The Divestiture ) Tj ET Q q 0 0 0 rg BT 243.27 659.60 Td (T) Tj ET Q q 0 0 0 rg BT 249.22 659.60 Td (eam has led significant business separations over the past several ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.40 Td (years, ranging in scale and complexity from isolated business units, to the sale and separation of the entire ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.20 Td (International GWIM business, which encompassed expansive global jurisdictions and regulatory ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.00 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 117.92 620.00 Td (This team has capabilities that could be leveraged across the enterprise to execute on business ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 606.80 Td (sales and wind-downs that may be part of a crisis situation.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 582.60 Td (Other) Tj ET Q q 0 0 0 rg BT 99.90 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.05 582.60 Td (Actions to Enhance Operational Pr) Tj ET Q q 0 0 0 rg BT 266.84 582.60 Td (epar) Tj ET Q q 0 0 0 rg BT 288.03 582.60 Td (edness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 560.40 Td (The Company continues to look for additional ways to enhance its technology and operations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 547.20 Td (infrastructure to benefit both business-as-usual practices, as well as to enhance the Company) Tj ET Q q 0 0 0 rg BT 482.85 547.20 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 534.00 Td (resolvability) Tj ET Q q 0 0 0 rg BT 126.27 534.00 Td (. Several of the areas where the Company has made, and will continue to make, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 520.80 Td (improvements are discussed below) Tj ET Q q 0 0 0 rg BT 224.94 520.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 498.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 498.60 Td (Operational Continuity Playbooks - ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 278.52 498.60 Td (The Company is developing operational playbooks for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 485.40 Td (each Material Entity) Tj ET Q q 0 0 0 rg BT 197.08 485.40 Td (. ) Tj ET Q q 0 0 0 rg BT 205.13 485.40 Td (These playbooks lay out contingency plans for maintaining or providing for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 472.20 Td (an orderly unwind of Critical Operations, as well as for the continuation of key services necessary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 459.00 Td (to continue Critical Operations. ) Tj ET Q q 0 0 0 rg BT 251.99 459.00 Td (These playbooks are owned, tested, and maintained in a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 445.80 Td (centralized function with execution across the enterprise using a consistent methodology) Tj ET Q q 0 0 0 rg BT 497.06 445.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 419.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 419.40 Td (Financial Market Utilities \(FMU\) Capabilities - ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 343.86 419.40 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 381.13 419.40 Td (America continues to implement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 406.20 Td (ef) Tj ET Q q 0 0 0 rg BT 116.35 406.20 Td (fective and comprehensive processes to understand, on a Material Entity basis, obligations and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 393.00 Td (exposures associated with payment, clearing, and settlement \(PCS\) activities, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 379.80 Td (contractual obligations and commitments. Significant progress has been made in enhancing the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 366.60 Td (governance and oversight of FMU activity which has helped to provide further resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 353.40 Td (capabilities. Specifically:) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 324.63 cm /I8 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 327.00 Td (T) Tj ET Q q 0 0 0 rg BT 149.95 327.00 Td (wo committees have been established to govern PCS activities and to provide ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 313.80 Td (centralized monitoring and oversight of FMU activity;) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 298.23 cm /I9 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 300.60 Td (Membership documentation has been centralized with procedures for ongoing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 287.40 Td (maintenance and oversight;) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 271.83 cm /I10 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 274.20 Td (Interconnectedness related to the Material Entities) Tj ET Q q 0 0 0 rg BT 367.67 274.20 Td ( usage of the FMU memberships has ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 261.00 Td (been documented. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 238.80 Td (T) Tj ET Q q 0 0 0 rg BT 113.95 238.80 Td (o further enhance crisis preparedness, FMU playbooks are being developed for each material ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 225.60 Td (FMU relationship. ) Tj ET Q q 0 0 0 rg BT 194.58 225.60 Td (These playbooks address the potential for increased financial requirements to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 212.40 Td (maintain access; operational impacts; the communication between the Company and the FMU; as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 199.20 Td (well as the identification of contingency alternatives, where possible, during a resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 186.00 Td (scenario. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 163.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 163.80 Td (Collateral Management Capabilities - ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 287.64 163.80 Td (Strong collateral management capabilities are critical for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 150.60 Td (business-as-usual activities and during a crisis situation. ) Tj ET Q q 0 0 0 rg BT 359.84 150.60 Td (The Company continues to make ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 137.40 Td (progress to have exemplary capabilities; specific examples include: ) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 108.63 cm /I11 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 111.00 Td (Mapped and analyzed the combination of specific collateral processes, Core Business ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 97.80 Td (Lines and Material Entities to understand operational interconnectedness;) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 82.23 cm /I12 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 84.60 Td (Included resolution preparedness requirements in the Company) Tj ET Q q 0 0 0 rg BT 425.64 84.60 Td (s Master Plan for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 71.40 Td (collateral infrastructure / technology that serves as the foundation of the ability to report ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 58.20 Td (collateral information; ) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (16) Tj ET Q BT /F1 11.00 Tf ET /GS0 gs q 18.00 0 0 11.00 126.00 710.03 cm /I13 Do Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 712.40 Td (Additional projects underway include developing detailed reporting by Material Entity to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 699.20 Td (ensure key terms are readily available and formally documenting legal and operational ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.00 686.00 Td (dif) Tj ET Q q 0 0 0 rg BT 156.02 686.00 Td (ferences in collateral management practices across jurisdictions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 659.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 108.00 659.60 Td (Service ) Tj ET Q q 0 0 0 rg BT 144.35 659.60 Td (Agr) Tj ET Q q 0 0 0 rg BT 162.47 659.60 Td (eements) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 200.35 659.60 Td ( - Underpinning strong operational capabilities are the legal documents ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 646.40 Td (required to ensure that the terms and conditions of services provided are clearly documented and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 633.20 Td (inventoried. Intercompany service agreements document the services provided between Material ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 620.00 Td (Entities. ) Tj ET Q q 0 0 0 rg BT 149.66 620.00 Td (These agreements allow for the continuation of services between Material Entities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 606.80 Td (during a resolution scenario. Bank of ) Tj ET Q q 0 0 0 rg BT 276.02 606.80 Td (America has established a centralized team to document, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 593.60 Td (track, and maintain service agreements. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 567.20 Td (Further) Tj ET Q q 0 0 0 rg BT 139.94 567.20 Td (, in order to ensure high performance standards are met with regard to data and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 554.00 Td (information as part of business-as-usual routines, GT&O has implemented intercompany service ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 540.80 Td (level agreements which specify performance standards that must be met for certain services ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 527.60 Td (delivered. ) Tj ET Q q 0 0 0 rg BT 156.97 527.60 Td (This level of detail will be incorporated into the service agreements in place between ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 514.40 Td (Material Entities to ensure clarity of service requirements in a resolution scenario.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 488.00 Td (The improvements made to date, and the ongoing enhancements discussed above, position the Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 474.80 Td (to deliver best-in-class technology and operations, not only as part of its routines in a normal operating ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 461.60 Td (environment, but also in preparation for a crisis or resolution scenario. ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (17) Tj ET Q BT /F2 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 ( CORE BUSINESS LINES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 686.35 Td (America has five business segments - Consumer Banking, Global ) Tj ET Q q 0 0 0 rg BT 400.52 686.35 Td (W) Tj ET Q q 0 0 0 rg BT 410.02 686.35 Td (ealth & Investment ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.15 Td (Management, Global Markets, Global Banking, and Legacy ) Tj ET Q q 0 0 0 rg BT 337.76 673.15 Td (Assets & Servicing. For purposes of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.95 Td (resolution planning, the Company has identified 17 specific Core Business Lines, considered subsets of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.75 Td (the five business segments.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (No CBLs were identified for Legacy ) Tj ET Q q 0 0 0 rg BT 235.73 622.55 Td (Assets & Servicing. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 598.35 Td (Consumer) Tj ET Q q 0 0 0 rg BT 120.69 598.35 Td ( Banking) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 574.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 574.15 Td (America) Tj ET Q q 0 0 0 rg BT 150.20 574.15 Td (s consumer banking franchise stretches coast-to-coast through 33 states and the District ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 560.95 Td (of Columbia. ) Tj ET Q q 0 0 0 rg BT 135.35 560.95 Td (The franchise network includes approximately 4,800 financial centers, 15,800 ) Tj ET Q q 0 0 0 rg BT 480.52 560.95 Td (A) Tj ET Q q 0 0 0 rg BT 487.24 560.95 Td (TMs, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 547.75 Td (nationwide call centers, and online and mobile platforms. ) Tj ET Q q 0 0 0 rg BT 329.92 547.75 Td (The consumer banking franchise operates ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 534.55 Td (primarily through BANA. Consumer Banking includes the following CBLs:) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 508.88369140625 m 110.5 508.88369140625 l s q 0 0 0 rg BT 72.00 510.35 Td (Deposits) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.50 510.35 Td ( - ) Tj ET Q q 0 0 0 rg BT 119.46 510.35 Td (The Deposits CBL) Tj ET Q q 0 0 0 rg BT 201.55 510.35 Td ( of) Tj ET Q q 0 0 0 rg BT 213.27 510.35 Td (fers a full range of deposit products for consumers and small businesses, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 497.15 Td (including traditional savings accounts, money market savings accounts, certificates of deposit, individual ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 483.95 Td (retirement accounts, and both non-interest and interest-bearing checking accounts. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 458.28369140625 m 119.04541015625 458.28369140625 l s q 0 0 0 rg BT 72.00 459.75 Td (Mortgages) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.05 459.75 Td ( - ) Tj ET Q q 0 0 0 rg BT 128.01 459.75 Td (The Mortgages CBL) Tj ET Q q 0 0 0 rg BT 218.64 459.75 Td ( of) Tj ET Q q 0 0 0 rg BT 230.36 459.75 Td (fers first mortgage and home equity products to applicants through ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 446.55 Td (direct-to-consumer channels, including the Company) Tj ET Q q 0 0 0 rg BT 308.74 446.55 Td (s retail network of financial centers, mortgage loan ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 433.35 Td (of) Tj ET Q q 0 0 0 rg BT 80.96 433.35 Td (ficers in approximately 200 dedicated locations nationwide, and a sales force of) Tj ET Q q 0 0 0 rg BT 431.42 433.35 Td (fering direct telephone ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 420.15 Td (and online access to mortgage products. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 394.48369140625 m 247.99462890625 394.48369140625 l s q 0 0 0 rg BT 72.00 395.95 Td (U.S. Small Business Non-Card Lending) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 247.99 395.95 Td ( - ) Tj ET Q q 0 0 0 rg BT 256.96 395.95 Td (The U.S. Small Business Non-Card Lending CBL) Tj ET Q q 0 0 0 rg BT 476.54 395.95 Td ( provides ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 382.75 Td (banking, credit, and treasury solutions to business customers ranging from start-ups through moderate-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 369.55 Td (sized companies with up to $5 million in annual revenues through its Small Business group. Small ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 356.35 Td (Business delivers these solutions through the financial center channels and online channels, as well as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 343.15 Td (through dedicated field-based and Center) Tj ET Q q 0 0 0 rg BT 253.21 343.15 Td (-based Small Business sales specialists. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 317.48369140625 m 178.9384765625 317.48369140625 l s q 0 0 0 rg BT 72.00 318.95 Td (U.S. Consumer Lending) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 178.94 318.95 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.69 318.95 Td (- ) Tj ET Q q 0 0 0 rg BT 187.90 318.95 Td (The U.S. Consumer Lending CBL) Tj ET Q q 0 0 0 rg BT 338.43 318.95 Td ( is comprised of three business units: U.S. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 305.75 Td (Consumer Card, U.S. Business Card, and Consumer ) Tj ET Q q 0 0 0 rg BT 304.32 305.75 Td (V) Tj ET Q q 0 0 0 rg BT 311.04 305.75 Td (ehicle Lending.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 281.55 Td (U.S. Consumer Card is an issuer of credit cards in the U.S. and provides a broad of) Tj ET Q q 0 0 0 rg BT 437.17 281.55 Td (fering of products, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 268.35 Td (including a variety of co-branded and af) Tj ET Q q 0 0 0 rg BT 248.34 268.35 Td (finity branded products. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 244.15 Td (U.S. Business Card is an issuer of business credit cards in the United States and provides a broad of) Tj ET Q q 0 0 0 rg BT 510.50 244.15 Td (fering ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 230.95 Td (of products to meet the needs of small- to medium-sized businesses.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 206.75 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 119.77 206.75 Td (V) Tj ET Q q 0 0 0 rg BT 126.50 206.75 Td (ehicle Lending provides comprehensive automobile and recreational vehicle financing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 193.55 Td (indirectly through dealers and directly through the Direct Lending channel. Products include indirect ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 180.35 Td (retail financing \(e.g., point-of-sale\), direct consumer lending \(e.g., auto\) and whole-loan purchasing \(e.g., ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 167.15 Td (purchasing a book of loans from another lender\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.04 167.15 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 142.95 Td (Global ) Tj ET Q q 0 0 0 rg BT 106.34 142.95 Td (W) Tj ET Q q 0 0 0 rg BT 116.73 142.95 Td (ealth & Investment Management) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 271.62 142.95 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 118.75 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 118.75 Td (America of) Tj ET Q q 0 0 0 rg BT 158.86 118.75 Td (fers wealth and investment management solutions through its GWIM group. ) Tj ET Q q 0 0 0 rg BT 499.59 118.75 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 105.55 Td (businesses operate primarily through BANA) Tj ET Q q 0 0 0 rg BT 267.52 105.55 Td ( and MLPFS. GWIM includes the following CBLs:) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 77.68369140624998 m 227.00439453125 77.68369140624998 l s q 0 0 0 rg BT 72.00 79.15 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 112.02 79.15 Td (ynch ) Tj ET Q q 0 0 0 rg BT 135.95 79.15 Td (W) Tj ET Q q 0 0 0 rg BT 145.46 79.15 Td (ealth Management) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 227.00 79.15 Td ( - ) Tj ET Q q 0 0 0 rg BT 235.97 79.15 Td (The Merrill L) Tj ET Q q 0 0 0 rg BT 295.84 79.15 Td (ynch ) Tj ET Q q 0 0 0 rg BT 319.77 79.15 Td (W) Tj ET Q q 0 0 0 rg BT 329.28 79.15 Td (ealth Management advisory business provides a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 65.95 Td (high-touch client experience through a network of financial advisors focused on clients with over ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (18) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td ($250,000 in total investable assets. ) Tj ET Q q 0 0 0 rg BT 230.67 712.40 Td (The business provides tailored solutions to meet clients) Tj ET Q q 0 0 0 rg BT 477.00 712.40 Td ( needs ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (through a full set of investment advisory) Tj ET Q q 0 0 0 rg BT 249.70 699.20 Td (, brokerage, banking, and personal and institutional retirement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (products. Investment activities operate primarily through MLPFS and banking activities through BANA.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 660.33369140625 m 116.9453125 660.33369140625 l s q 0 0 0 rg BT 72.00 661.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 94.11 661.80 Td (T) Tj ET Q q 0 0 0 rg BT 100.45 661.80 Td (rust) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 116.95 661.80 Td ( - U.S. ) Tj ET Q q 0 0 0 rg BT 148.22 661.80 Td (T) Tj ET Q q 0 0 0 rg BT 154.55 661.80 Td (rust, operating primarily through BANA, provides comprehensive wealth management ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.60 Td (solutions tar) Tj ET Q q 0 0 0 rg BT 125.88 648.60 Td (geted to high net worth and ultra high net worth clients, as well as customized solutions to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.40 Td (meet clients) Tj ET Q q 0 0 0 rg BT 127.69 635.40 Td ( wealth structuring, investment management, trust and banking needs, including specialty ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.20 Td (asset management services.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 598.00 Td (Global Markets) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 573.80 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 573.80 Td (America of) Tj ET Q q 0 0 0 rg BT 158.86 573.80 Td (fers sales and trading services, including research, to institutional clients across fixed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 560.60 Td (income, credit, currency) Tj ET Q q 0 0 0 rg BT 178.18 560.60 Td (, commodity) Tj ET Q q 0 0 0 rg BT 233.07 560.60 Td (, and equity businesses through its Global Markets platform. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 547.40 Td (Operations are conducted primarily through BANA, MLPFS, MLCS, MLI, and MLJS. Global Markets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 534.20 Td (includes the following CBLs:) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 508.53369140625 m 236.9677734375 508.53369140625 l s q 0 0 0 rg BT 72.00 510.00 Td (Cash Equities and Equity Derivatives) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 236.97 510.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 239.72 510.00 Td (- ) Tj ET Q q 0 0 0 rg BT 245.93 510.00 Td (The Cash Equities and Equity Derivatives CBL) Tj ET Q q 0 0 0 rg BT 454.49 510.00 Td ( is a provider of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 496.80 Td (equity sales and trading services, along with access to equity derivative markets. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 472.60 Td (The Cash Equities business of) Tj ET Q q 0 0 0 rg BT 204.40 472.60 Td (fers equity securities products such as portfolio trading of baskets of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 459.40 Td (securities, exchange-traded funds, and electronic execution services.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 435.20 Td (The Equity Derivatives business of) Tj ET Q q 0 0 0 rg BT 226.38 435.20 Td (fers access to derivative markets products such as equity options and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 422.00 Td (futures.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 396.33369140625 m 119.64697265625 396.33369140625 l s q 0 0 0 rg BT 72.00 397.80 Td (Currencies) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.65 397.80 Td ( - ) Tj ET Q q 0 0 0 rg BT 128.61 397.80 Td (The Currencies CBL) Tj ET Q q 0 0 0 rg BT 219.84 397.80 Td ( is solely comprised of foreign exchange trading of currencies belonging ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 384.60 Td (to the G10 countries. ) Tj ET Q q 0 0 0 rg BT 169.56 384.60 Td (The Currencies CBL) Tj ET Q q 0 0 0 rg BT 260.79 384.60 Td ( is generally focused on the most liquid and transparent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 371.40 Td (deliverable foreign exchange currencies.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 345.73369140625 m 96.4384765625 345.73369140625 l s q 0 0 0 rg BT 72.00 347.20 Td (Rates) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 96.44 347.20 Td ( - ) Tj ET Q q 0 0 0 rg BT 105.40 347.20 Td (The Rates CBL) Tj ET Q q 0 0 0 rg BT 173.43 347.20 Td ( trades securities issued by the United States ) Tj ET Q q 0 0 0 rg BT 371.19 347.20 Td (T) Tj ET Q q 0 0 0 rg BT 377.52 347.20 Td (reasury) Tj ET Q q 0 0 0 rg BT 409.18 347.20 Td (, government-sponsored ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 334.00 Td (enterprises, and sovereigns. ) Tj ET Q q 0 0 0 rg BT 198.88 334.00 Td (The Rates desk also of) Tj ET Q q 0 0 0 rg BT 298.26 334.00 Td (fers access to products such as futures, repurchase ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 320.80 Td (agreements, and derivatives. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 295.13369140625 m 132.7900390625 295.13369140625 l s q 0 0 0 rg BT 72.00 296.60 Td (Repo Finance) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 132.79 296.60 Td ( - ) Tj ET Q q 0 0 0 rg BT 141.75 296.60 Td (The Repo Finance CBL) Tj ET Q q 0 0 0 rg BT 246.13 296.60 Td ( is responsible for ef) Tj ET Q q 0 0 0 rg BT 335.74 296.60 Td (ficiently funding the material broker) Tj ET Q q 0 0 0 rg BT 495.58 296.60 Td (-dealers ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 283.40 Td (of the Company) Tj ET Q q 0 0 0 rg BT 145.93 283.40 Td (s Global Markets businesses via the secured funding markets. ) Tj ET Q q 0 0 0 rg BT 422.20 283.40 Td (The Repo desk trades ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 270.20 Td (assets such as treasury) Tj ET Q q 0 0 0 rg BT 169.95 270.20 Td (, agency) Tj ET Q q 0 0 0 rg BT 205.89 270.20 Td (, and mortgage debt. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 244.53369140625 m 217.33642578125 244.53369140625 l s q 0 0 0 rg BT 72.00 246.00 Td (High Grade / High ) Tj ET Q q 0 0 0 rg BT 156.52 246.00 Td (Y) Tj ET Q q 0 0 0 rg BT 163.86 246.00 Td (ield ) Tj ET Q q 0 0 0 rg BT 182.90 246.00 Td (T) Tj ET Q q 0 0 0 rg BT 189.23 246.00 Td (rading) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 217.34 246.00 Td ( - ) Tj ET Q q 0 0 0 rg BT 226.30 246.00 Td (The High Grade / High ) Tj ET Q q 0 0 0 rg BT 330.67 246.00 Td (Y) Tj ET Q q 0 0 0 rg BT 338.01 246.00 Td (ield ) Tj ET Q q 0 0 0 rg BT 357.05 246.00 Td (T) Tj ET Q q 0 0 0 rg BT 363.39 246.00 Td (rading CBL) Tj ET Q q 0 0 0 rg BT 415.22 246.00 Td ( is split into two groups:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 221.80 Td (The High Grade trading desk provides liquidity and makes markets for credit products, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 208.60 Td (investment grade bonds and derivative products. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 184.40 Td (The High ) Tj ET Q q 0 0 0 rg BT 116.19 184.40 Td (Y) Tj ET Q q 0 0 0 rg BT 123.53 184.40 Td (ield trading desk also provides liquidity and makes markets for credit products, including high ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 171.20 Td (yield corporate bonds and derivative products. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 145.53369140625 m 174.66845703125 145.53369140625 l s q 0 0 0 rg BT 72.00 147.00 Td (Public Finance ) Tj ET Q q 0 0 0 rg BT 140.23 147.00 Td (T) Tj ET Q q 0 0 0 rg BT 146.57 147.00 Td (rading) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 174.67 147.00 Td ( - ) Tj ET Q q 0 0 0 rg BT 183.63 147.00 Td (The Public Finance CBL) Tj ET Q q 0 0 0 rg BT 292.90 147.00 Td ( is a market-maker of U.S. municipal products, such as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 133.80 Td (general obligation municipal bonds and revenue bonds. ) Tj ET Q q 0 0 0 rg BT 320.36 133.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 375.25 133.80 Td (, the Public Finance desk also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 120.60 Td (specializes in bonds in specialty sectors such as public power and ener) Tj ET Q q 0 0 0 rg BT 381.85 120.60 Td (gy) Tj ET Q q 0 0 0 rg BT 392.13 120.60 Td (, transportation, healthcare, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 107.40 Td (housing, military) Tj ET Q q 0 0 0 rg BT 146.45 107.40 Td (, and educational finance.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 81.73369140625005 m 131.5869140625 81.73369140625005 l s q 0 0 0 rg BT 72.00 83.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 97.15 83.20 Td (T) Tj ET Q q 0 0 0 rg BT 103.49 83.20 Td (rading) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 131.59 83.20 Td ( - ) Tj ET Q q 0 0 0 rg BT 140.55 83.20 Td (The Company) Tj ET Q q 0 0 0 rg BT 206.23 83.20 Td (s Loan ) Tj ET Q q 0 0 0 rg BT 238.42 83.20 Td (T) Tj ET Q q 0 0 0 rg BT 244.75 83.20 Td (rading CBL) Tj ET Q q 0 0 0 rg BT 296.59 83.20 Td ( trades in distressed and special situations in products ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 70.00 Td (such as leveraged loans, high yield debt, emer) Tj ET Q q 0 0 0 rg BT 274.32 70.00 Td (ging market debt products, and distressed debt. ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (19) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 710.93369140625 m 151.75 710.93369140625 l s q 0 0 0 rg BT 72.00 712.40 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 117.32 712.40 Td (T) Tj ET Q q 0 0 0 rg BT 123.65 712.40 Td (rading) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 151.75 712.40 Td ( - ) Tj ET Q q 0 0 0 rg BT 160.71 712.40 Td (The Mortgage ) Tj ET Q q 0 0 0 rg BT 225.88 712.40 Td (T) Tj ET Q q 0 0 0 rg BT 232.21 712.40 Td (rading CBL) Tj ET Q q 0 0 0 rg BT 284.05 712.40 Td ( trades various asset classes such as agency residential ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (mortgage-backed securities, non-agency residential mortgage-backed securities, commercial mortgage-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (backed securities, and asset-backed securities. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 661.80 Td (Global Banking) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 637.60 Td (Global Banking, which includes Global Corporate Banking, Global Commercial Banking, Business ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 624.40 Td (Banking and Global Investment Banking, provides a wide range of lending-related products and services, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 611.20 Td (integrated working capital management and treasury solutions, and underwriting and advisory services ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 598.00 Td (through its global banking platform. Operations are conducted primarily via BANA) Tj ET Q q 0 0 0 rg BT 442.25 598.00 Td ( and BANA-L, with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 584.80 Td (an expanding EMEA) Tj ET Q q 0 0 0 rg BT 164.26 584.80 Td ( presence via BAMLI. Global Banking includes the following CBLs:) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 556.93369140625 m 199.08544921875 556.93369140625 l s q 0 0 0 rg BT 72.00 558.40 Td (Global Commercial Banking) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 199.09 558.40 Td ( - ) Tj ET Q q 0 0 0 rg BT 208.05 558.40 Td (The Global Commercial Banking CBL) Tj ET Q q 0 0 0 rg BT 378.72 558.40 Td ( is one of the lar) Tj ET Q q 0 0 0 rg BT 449.70 558.40 Td (gest commercial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.20 Td (banks in the U.S., serving approximately 70,000 companies with revenues of generally $5 million to $2 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 532.00 Td (billion. ) Tj ET Q q 0 0 0 rg BT 108.78 532.00 Td (The CBL) Tj ET Q q 0 0 0 rg BT 149.61 532.00 Td ( is comprised of the following five client-segmented businesses: Commercial Real ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 518.80 Td (Estate Banking, Bank of ) Tj ET Q q 0 0 0 rg BT 181.68 518.80 Td (America Business Capital, Business Banking, Middle Market, and Specialized ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 505.60 Td (Industries.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 481.40 Td (The) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 89.10 481.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 91.85 481.40 Td (Commercial Real Estate Banking business provides short- to medium-term loans in addition to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 468.20 Td (corporate revolvers, subscription facilities, and construction financing focusing on the top 25 major ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 455.00 Td (metropolitan markets. In addition, the business of) Tj ET Q q 0 0 0 rg BT 292.68 455.00 Td (fers a full range of financial solutions including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 441.80 Td (treasury management, capital markets, commercial mortgage-backed securities, syndications, and traded ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 428.60 Td (products. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 404.40 Td (The Bank of ) Tj ET Q q 0 0 0 rg BT 129.13 404.40 Td (America Business Capital business provides asset-based senior secured credit facilities and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 391.20 Td (other complementary banking products and services to mid-size and lar) Tj ET Q q 0 0 0 rg BT 386.12 391.20 Td (ge companies such as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 378.00 Td (manufacturers, wholesalers, distributors and service companies. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 353.80 Td (The Business Banking business provides financial solutions and advice to U.S. companies with annual ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 340.60 Td (revenues between $5 million and $50 million. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 316.40 Td (The Middle Market business provides financial solutions and advice to U.S. companies with annual ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 303.20 Td (revenues between $50 million and $2 billion. It of) Tj ET Q q 0 0 0 rg BT 294.81 303.20 Td (fers innovative equity) Tj ET Q q 0 0 0 rg BT 390.01 303.20 Td (, debt capital raising, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 290.00 Td (financing solutions through a partnership with Global Investment Banking. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 265.80 Td (The Specialized Industries business provides clients in the healthcare, education, not-for) Tj ET Q q 0 0 0 rg BT 460.32 265.80 Td (-profit and sports ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 252.60 Td (industries with a broad array of industry-specific solutions, including core credit and treasury ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 239.40 Td (management, and works with various partners to provide leasing, retirement capabilities, public finance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 226.20 Td (and other capital-raising products to more than 7,000 clients in these four industries. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 200.53369140625 m 188.69775390625 200.53369140625 l s q 0 0 0 rg BT 72.00 202.00 Td (Global Corporate Banking) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 188.70 202.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 191.45 202.00 Td (-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 195.11 202.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 197.86 202.00 Td (The Global Corporate Banking CBL) Tj ET Q q 0 0 0 rg BT 358.15 202.00 Td ( serves corporate clients with annual ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 188.80 Td (revenue of over $2 billion, and is or) Tj ET Q q 0 0 0 rg BT 229.43 188.80 Td (ganized by the following Industry Groups: Consumer & Retail, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 175.60 Td (Healthcare, Ener) Tj ET Q q 0 0 0 rg BT 145.70 175.60 Td (gy & Power) Tj ET Q q 0 0 0 rg BT 198.42 175.60 Td (, General Industrials, ) Tj ET Q q 0 0 0 rg BT 293.22 175.60 Td (T) Tj ET Q q 0 0 0 rg BT 299.17 175.60 Td (elecom, Media & ) Tj ET Q q 0 0 0 rg BT 378.39 175.60 Td (T) Tj ET Q q 0 0 0 rg BT 384.34 175.60 Td (echnology) Tj ET Q q 0 0 0 rg BT 429.45 175.60 Td (, and Financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 162.40 Td (Institutions. Corporate Banking provides credit products including loans, letters of credit, trade and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 149.20 Td (leasing; debt advisory services; and debt capital markets. ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 72 123.53369140625 m 196.0400390625 123.53369140625 l s q 0 0 0 rg BT 72.00 125.00 Td (Global ) Tj ET Q q 0 0 0 rg BT 104.49 125.00 Td (T) Tj ET Q q 0 0 0 rg BT 110.82 125.00 Td (ransaction Services) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 196.04 125.00 Td ( - ) Tj ET Q q 0 0 0 rg BT 205.00 125.00 Td (The Global ) Tj ET Q q 0 0 0 rg BT 257.35 125.00 Td (T) Tj ET Q q 0 0 0 rg BT 263.68 125.00 Td (ransaction Services CBL) Tj ET Q q 0 0 0 rg BT 372.63 125.00 Td ( operates globally and of) Tj ET Q q 0 0 0 rg BT 481.18 125.00 Td (fers a full ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 111.80 Td (suite of products and services, which are broadly grouped as receivables products, disbursement products, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 98.60 Td (client access channels, and liquidity management.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (20) Tj ET Q BT /F2 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 ( ENTITY) Tj ET Q q 0 0 0 rg BT 203.86 710.55 Td ( OVER) Tj ET Q q 0 0 0 rg BT 247.31 710.55 Td (VIEW) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 686.35 Td (America conducts its business through BAC and its subsidiaries and their branches, across ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.15 Td (multiple jurisdictions. ) Tj ET Q q 0 0 0 rg BT 173.85 673.15 Td (The subsidiaries and branches are established to fulfill a wide range of business, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.95 Td (legal, regulatory) Tj ET Q q 0 0 0 rg BT 143.37 659.95 Td (, tax, licensing, and other objectives. Bank of ) Tj ET Q q 0 0 0 rg BT 347.12 659.95 Td (America reviewed its subsidiaries and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.75 Td (branches to identify 17 Material Entities for purposes of its 2015 Resolution Plan. Material Entities are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.55 Td (determined based on the definition in the 165\(d\) Rule:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 609.35 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 609.35 Td (a subsidiary or foreign of) Tj ET Q q 0 0 0 rg BT 223.88 609.35 Td (fice of the covered company that is significant to the activities of a) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 596.15 Td (Critical Operation or Core Business Line.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.75 Td (In addition, certain intermediate holding companies are determined to be Material Entities as they) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.55 Td (facilitate the preferred resolution strategy) Tj ET Q q 0 0 0 rg BT 253.31 556.55 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 530.15 Td (Material Entities within this section are categorized based on the type of entity: bank holding companies, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 516.95 Td (banks and branches, broker) Tj ET Q q 0 0 0 rg BT 192.12 516.95 Td (-dealers, and preferred service providers. ) Tj ET Q q 0 0 0 rg BT 377.61 516.95 Td (This section provides an overview ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 503.75 Td (of the financials, background information, capital and funding resources, financial and operational ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 490.55 Td (interconnectedness, and the preferred resolution strategy for each Material Entity) Tj ET Q q 0 0 0 rg BT 428.03 490.55 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 464.15 Td (Bank Holding Companies) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 450.95 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 450.95 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 145.28 450.95 Td (America Corporation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 437.75 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 437.75 Td (BAC North ) Tj ET Q q 0 0 0 rg BT 161.17 437.75 Td (America Holding Company) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 424.55 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 424.55 Td (NB Holdings Corporation) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 399.35 Td (Banks and Branches) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 386.15 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 386.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 145.28 386.15 Td (America, National ) Tj ET Q q 0 0 0 rg BT 228.66 386.15 Td (Association) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 372.95 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 372.95 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 145.28 372.95 Td (America Merrill L) Tj ET Q q 0 0 0 rg BT 225.91 372.95 Td (ynch International Limited) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 359.75 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 359.75 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 145.28 359.75 Td (America, N.A. - London Branch) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 346.55 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 346.55 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 145.28 346.55 Td (America, N.A. - Frankfurt Branch) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 333.35 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 333.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 145.28 333.35 Td (America California, National ) Tj ET Q q 0 0 0 rg BT 276.01 333.35 Td (Association) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 308.15 Td (Br) Tj ET Q q 0 0 0 rg BT 84.02 308.15 Td (oker) Tj ET Q q 0 0 0 rg BT 104.99 308.15 Td (-Dealers) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 294.95 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 294.95 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 148.02 294.95 Td (ynch, Pierce, Fenner & Smith Incorporated) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 281.75 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 281.75 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 148.02 281.75 Td (ynch Professional Clearing Corp.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 268.55 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 268.55 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 148.02 268.55 Td (ynch Capital Services, Inc.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 255.35 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 255.35 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 148.02 255.35 Td (ynch International ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 242.15 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 242.15 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 148.02 242.15 Td (ynch Japan Securities Co., Ltd.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 216.95 Td (Pr) Tj ET Q q 0 0 0 rg BT 83.40 216.95 Td (eferr) Tj ET Q q 0 0 0 rg BT 106.40 216.95 Td (ed Service Pr) Tj ET Q q 0 0 0 rg BT 168.50 216.95 Td (oviders \(in addition to BANA) Tj ET Q q 0 0 0 rg BT 305.41 216.95 Td ( and BAMLI\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 203.75 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 203.75 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 148.02 203.75 Td (ynch Global Services Pte. Ltd.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 190.55 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 190.55 Td (BA) Tj ET Q q 0 0 0 rg BT 122.67 190.55 Td ( Continuum India Private Limited) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 177.35 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 177.35 Td (Financial Data Services, Inc.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 164.15 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 164.15 Td (Managed ) Tj ET Q q 0 0 0 rg BT 151.07 164.15 Td (Account ) Tj ET Q q 0 0 0 rg BT 190.48 164.15 Td (Advisors LLC) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (21) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BANK HOLDING COMP) Tj ET Q q 0 0 0 rg BT 228.85 710.55 Td (ANIES ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (FINANCIALS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (The following table presents selected parent company-only balance sheet line items as of December 31, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (2014, for the Company) Tj ET Q q 0 0 0 rg BT 177.10 648.95 Td (s bank holding companies. ) Tj ET Q q 0 0 0 rg BT 299.71 648.95 Td (The information below is unaudited, reflects balances ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (after certain post-closing and re-class entries were made as part of the regulatory filings, and includes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (transactions with af) Tj ET Q q 0 0 0 rg BT 157.94 622.55 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 195.93 622.55 Td (The information for BAC is also included in Note 25 - Parent Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (Information to the Consolidated Financial Statements of the Company) Tj ET Q q 0 0 0 rg BT 384.22 609.35 Td (s 2014 ) Tj ET Q q 0 0 0 rg BT 415.40 609.35 Td (Annual Report on Form 10-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (K.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 532.65 m 431.5 532.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 532.65 m 485.5 532.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 532.65 m 539.5 532.65 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 74.00 565.33 Td (Selected Balance Sheet Line Items as of December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.00 536.88 Td (\(Dollars in millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.45 537.10 Td (BAC) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.70 537.10 Td (NB) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.20 537.10 Td (BACNA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 523.10 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 509.11 Td (Cash held at bank subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 509.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 509.11 Td (100,304) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 509.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.50 509.11 Td (238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 509.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 509.11 Td (86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 495.11 Td (Receivables from subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.25 495.11 Td (78,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 495.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 495.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 481.11 Td (Investments in subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 481.11 Td (272,580) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.75 481.11 Td (276,113) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 481.11 Td (193,201) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 467.11 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 467.11 Td (466,417) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.75 467.11 Td (281,373) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 467.11 Td (194,649) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 74.00 453.10 Td (Liabilities and shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 439.11 Td (Payables to subsidiaries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 439.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.25 439.11 Td (20,257) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 439.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 439.11 Td (10,587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 439.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 439.11 Td (1,310) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 425.11 Td (Long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 425.11 Td (185,771) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 425.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 425.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 411.11 Td (Total liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 411.11 Td (222,946) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 411.11 Td (10,933) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 411.11 Td (1,456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 397.11 Td (Shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 397.11 Td (243,471) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.75 397.11 Td (270,440) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.75 397.11 Td (193,193) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (22) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BANK OF) Tj ET Q q 0 0 0 rg BT 134.87 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 137.60 710.55 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 205.27 710.55 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 278.50 710.55 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 662.15 Td (America Corporation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 215.60 662.15 Td (is a publicly-traded bank holding company that is incorporated in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (Delaware and headquartered in Charlotte, North Carolina. ) Tj ET Q q 0 0 0 rg BT 332.64 648.95 Td (The Company consists of bank and non-bank ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (subsidiaries that provide diversified banking and non-banking financial services and products throughout ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (the U.S. and in certain international markets. BAC subsidiaries operate in all 50 states, the District of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (Columbia, and more than 35 countries.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.15 Td (BAC) Tj ET Q q 0 0 0 rg BT 97.67 585.15 Td (s significant assets consist of cash deposited with BANA, loans to af) Tj ET Q q 0 0 0 rg BT 399.32 585.15 Td (filiates, and investments in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (subsidiaries. BAC) Tj ET Q q 0 0 0 rg BT 157.86 571.95 Td (s primary liabilities are unsecured long-term debt and loans from af) Tj ET Q q 0 0 0 rg BT 454.57 571.95 Td (filiates. BAC also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.75 Td (maintains a lar) Tj ET Q q 0 0 0 rg BT 136.56 558.75 Td (ge common and preferred equity capital base. BAC receives dividends from its bank and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.55 Td (non-bank subsidiaries as its major source of income, while its expenses are primarily interest paid on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 532.35 Td (borrowed funds.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 508.15 Td (For additional information, see Note 25 - Parent Company Information to the Consolidated Financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 494.95 Td (Statements of the Company) Tj ET Q q 0 0 0 rg BT 196.95 494.95 Td (s 2014 ) Tj ET Q q 0 0 0 rg BT 228.13 494.95 Td (Annual Report on Form 10-K.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 470.75 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 470.75 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 470.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 470.75 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 446.55 Td (BAC issues both long-term debt and various forms of equity to fund its own and its subsidiaries) Tj ET Q q 0 0 0 rg BT 496.47 446.55 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 433.35 Td (activities, primarily through the public securities markets. BAC is the primary issuer of unsecured long-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 420.15 Td (term debt instruments, including subordinated debt capital instruments. BAC issues long-term unsecured ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 406.95 Td (debt in a variety of maturities and currencies to meet funding requirements, to achieve cost-ef) Tj ET Q q 0 0 0 rg BT 483.84 406.95 Td (ficient ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 393.75 Td (funding, and to maintain an appropriate maturity profile. In addition, BAC is the primary issuer of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 380.55 Td (preferred stock to third parties. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 354.15 Td (The Company) Tj ET Q q 0 0 0 rg BT 137.68 354.15 Td (s capital resources are primarily composed of common and preferred stock issued to third ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 340.95 Td (parties and related surplus, retained earnings, and accumulated other comprehensive income. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 314.55 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 314.55 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 314.55 Td ( ) Tj ET Q q 0 0 0 rg BT 216.85 314.55 Td (AND OPERA) Tj ET Q q 0 0 0 rg BT 281.11 314.55 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 323.90 314.55 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 290.35 Td (Intra-Gr) Tj ET Q q 0 0 0 rg BT 113.35 290.35 Td (oup Financial Inter) Tj ET Q q 0 0 0 rg BT 204.21 290.35 Td (connectedness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 266.15 Td (BAC) Tj ET Q q 0 0 0 rg BT 97.67 266.15 Td (s financial interconnectedness primarily focuses on BAC) Tj ET Q q 0 0 0 rg BT 351.22 266.15 Td (s role as a source of funding and liquidity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 252.95 Td (to its subsidiaries, as well as its need to manage the Company) Tj ET Q q 0 0 0 rg BT 346.34 252.95 Td (s interest rate and currency risk. It also acts ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 239.75 Td (as guarantor for various Material Entity transactions. BAC provides funding to its subsidiaries via capital ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 226.55 Td (injections, unsecured lending in senior or subordinated form, and deposits. BAC also executes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 213.35 Td (derivatives with its subsidiaries to manage the interest rate and foreign currency risks associated with its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 200.15 Td (activities. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 173.75 Td (Intra-Gr) Tj ET Q q 0 0 0 rg BT 113.35 173.75 Td (oup Operational Inter) Tj ET Q q 0 0 0 rg BT 217.04 173.75 Td (connectedness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 149.55 Td (BAC is dependent on its subsidiaries for all of its critical services \(e.g., personnel, applications, vendors, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 136.35 Td (real estate and FMUs\). BAC and certain of its non-material entity subsidiaries own or lease limited real ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 123.15 Td (estate properties that BANA) Tj ET Q q 0 0 0 rg BT 196.33 123.15 Td ( uses.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (23) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 712.60 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 688.40 Td (The preferred resolution strategy for Bank of ) Tj ET Q q 0 0 0 rg BT 272.07 688.40 Td (America) Tj ET Q q 0 0 0 rg BT 312.99 688.40 Td (s 2015 Resolution Plan is a Single Point of Entry ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 675.20 Td (strategy) Tj ET Q q 0 0 0 rg BT 106.11 675.20 Td (, under which only BAC would enter proceedings under Chapter 1) Tj ET Q q 0 0 0 rg BT 398.05 675.20 Td (1 of the Bankruptcy Code. ) Tj ET Q q 0 0 0 rg BT 519.74 675.20 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.00 Td (preferred resolution strategy separates Material Entities that would continue to operate as Continuing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.80 Td (Subsidiaries from those Solvent ) Tj ET Q q 0 0 0 rg BT 214.79 648.80 Td (W) Tj ET Q q 0 0 0 rg BT 224.73 648.80 Td (ind-Down Subsidiaries that would be wound down outside of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.60 Td (bankruptcy proceedings. ) Tj ET Q q 0 0 0 rg BT 185.43 635.60 Td (The Continuing Subsidiaries include BACNA, BANA, BANA-London, BANA-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.40 Td (Frankfurt, BACANA, BAMLI, MLPFS*, MLGS, BACI, FDS, and MAA. ) Tj ET Q q 0 0 0 rg BT 403.67 622.40 Td (The Solvent ) Tj ET Q q 0 0 0 rg BT 459.68 622.40 Td (W) Tj ET Q q 0 0 0 rg BT 469.62 622.40 Td (ind-Down ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.20 Td (Subsidiaries include MLCS, MLI, MLPRO, and MLJS. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.00 Td (Please reference the Introduction and Overview of the Resolution Strategy section in this document for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.80 Td (further information related to the strategy and continuity of Critical Operations. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 550.00 Td (*MLPFS has been identified as a Continuing Subsidiary as the GWIM business would continue to operate as a going concern as ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 539.20 Td (part of the Surviving Institution. Until the successful completion of the split of the br) Tj ET Q q 0 0 0 rg BT 377.64 539.20 Td (oker) Tj ET Q q 0 0 0 rg BT 393.45 539.20 Td (-dealer) Tj ET Q q 0 0 0 rg BT 418.44 539.20 Td (, the Global Markets business ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 72.00 528.40 Td (and associated Critical Operations within MLPFS would be part of the or) Tj ET Q q 0 0 0 rg BT 338.41 528.40 Td (derly wind-down of the Global Markets business. ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (24) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (NB HOLDINGS CORPORA) Tj ET Q q 0 0 0 rg BT 243.64 710.55 Td (TION ) Tj ET Q q 0 0 0 rg BT 282.16 710.55 Td (AND) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 693.75 Td (BAC NOR) Tj ET Q q 0 0 0 rg BT 135.68 693.75 Td (TH ) Tj ET Q q 0 0 0 rg BT 158.63 693.75 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 226.30 693.75 Td ( HOLDING COMP) Tj ET Q q 0 0 0 rg BT 342.70 693.75 Td (ANY) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 669.55 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 669.55 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 645.35 Td (NB Holdings Corporation and BAC North ) Tj ET Q q 0 0 0 rg BT 273.09 645.35 Td (America Holding Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 405.39 645.35 Td (are both intermediate holding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 632.15 Td (companies domiciled in the U.S. NB is the top-tier intermediate holding company under BAC. ) Tj ET Q q 0 0 0 rg BT 495.73 632.15 Td (All ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 618.95 Td (Material Entities roll up, directly or indirectly) Tj ET Q q 0 0 0 rg BT 272.59 618.95 Td (, under NB. BACNA) Tj ET Q q 0 0 0 rg BT 367.31 618.95 Td ( owns BANA) Tj ET Q q 0 0 0 rg BT 426.60 618.95 Td ( Holding Company) Tj ET Q q 0 0 0 rg BT 510.22 618.95 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 605.75 Td (which owns several Material Entities, including BANA.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 581.55 Td (As intermediate holding companies for BAC, NB) Tj ET Q q 0 0 0 rg BT 292.88 581.55 Td (s and BACNA) Tj ET Q q 0 0 0 rg BT 355.83 581.55 Td () Tj ET Q q 0 0 0 rg BT 358.89 581.55 Td (s significant assets and liabilities are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 568.35 Td (substantially limited to investments in subsidiaries and intercompany borrowings.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 541.95 Td (NB and BACNA) Tj ET Q q 0 0 0 rg BT 146.56 541.95 Td ( have no significant revenues or expenses, as the entities have no business operations.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 515.55 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 515.55 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 515.55 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 515.55 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 491.35 Td (NB and BACNA) Tj ET Q q 0 0 0 rg BT 146.56 491.35 Td ( are primarily equity-funded. BAC provides equity funding and senior unsecured loans ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 478.15 Td (to NB which provides equity funding to BACNA.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 453.95 Td (The capital resources of NB and BACNA) Tj ET Q q 0 0 0 rg BT 254.68 453.95 Td ( are primarily comprised of common stock held by their parents, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 440.75 Td (BAC and NB, respectively) Tj ET Q q 0 0 0 rg BT 189.21 440.75 Td (, retained earnings, and accumulated other comprehensive income.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 416.55 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 416.55 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 416.55 Td ( ) Tj ET Q q 0 0 0 rg BT 216.85 416.55 Td (AND OPERA) Tj ET Q q 0 0 0 rg BT 281.11 416.55 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 323.90 416.55 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 392.35 Td (Intra-Gr) Tj ET Q q 0 0 0 rg BT 113.35 392.35 Td (oup Financial Inter) Tj ET Q q 0 0 0 rg BT 204.21 392.35 Td (connectedness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 367.15 Td (As intermediate holding companies, the overwhelming majority of BACNA) Tj ET Q q 0 0 0 rg BT 405.30 367.15 Td () Tj ET Q q 0 0 0 rg BT 408.35 367.15 Td (s and NB) Tj ET Q q 0 0 0 rg BT 452.35 367.15 Td (s activities are with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 353.95 Td (af) Tj ET Q q 0 0 0 rg BT 80.35 353.95 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 118.33 353.95 Td (These activities include capital injections, investments in subsidiaries, senior unsecured ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 340.75 Td (borrowings, and deposits placed. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 315.55 Td (Intra-Gr) Tj ET Q q 0 0 0 rg BT 113.35 315.55 Td (oup Operational Inter) Tj ET Q q 0 0 0 rg BT 217.04 315.55 Td (connectedness) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 290.35 Td (BACNA) Tj ET Q q 0 0 0 rg BT 109.90 290.35 Td ( and NB have no business operations; therefore, there is no operational interconnectedness.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 263.95 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 263.95 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 239.75 Td (Under Bank of ) Tj ET Q q 0 0 0 rg BT 139.51 239.75 Td (America) Tj ET Q q 0 0 0 rg BT 180.44 239.75 Td (s preferred resolution strategy) Tj ET Q q 0 0 0 rg BT 311.37 239.75 Td (, the Material Entities that continue to operate as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 226.55 Td (Continuing Subsidiaries after being recapitalized would be in a separate corporate chain from the Solvent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 213.35 Td (W) Tj ET Q q 0 0 0 rg BT 81.94 213.35 Td (ind-Down Subsidiaries, which would be wound-down on a solvent basis outside of bankruptcy ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 200.15 Td (proceedings. BACNA) Tj ET Q q 0 0 0 rg BT 171.30 200.15 Td ( would be the holding company for the Continuing Subsidiary chain and NB ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 186.95 Td (Holdings would be the holding company for the Solvent ) Tj ET Q q 0 0 0 rg BT 322.02 186.95 Td (W) Tj ET Q q 0 0 0 rg BT 331.96 186.95 Td (ind-Down Subsidiary chain. Under the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 173.75 Td (preferred resolution strategy) Tj ET Q q 0 0 0 rg BT 195.90 173.75 Td (, the stock of BACNA) Tj ET Q q 0 0 0 rg BT 293.37 173.75 Td ( would be sold in public or private sales, or distributed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 160.55 Td (to BAC) Tj ET Q q 0 0 0 rg BT 108.98 160.55 Td (s stakeholders pursuant to BAC) Tj ET Q q 0 0 0 rg BT 251.36 160.55 Td (s Reor) Tj ET Q q 0 0 0 rg BT 279.57 160.55 Td (ganization Plan. ) Tj ET Q q 0 0 0 rg BT 355.74 160.55 Td (The residual value of NB Holdings, after ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 147.35 Td (winding down the Solvent ) Tj ET Q q 0 0 0 rg BT 190.35 147.35 Td (W) Tj ET Q q 0 0 0 rg BT 200.29 147.35 Td (ind-Down Subsidiaries, would be distributed to BAC) Tj ET Q q 0 0 0 rg BT 437.09 147.35 Td (s stakeholders pursuant ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 134.15 Td (to BAC) Tj ET Q q 0 0 0 rg BT 108.98 134.15 Td (s Reor) Tj ET Q q 0 0 0 rg BT 137.19 134.15 Td (ganization Plan.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 108.95 Td (Please reference the Introduction and Overview of the Resolution Strategy section in this document for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 95.75 Td (further information related to the strategy) Tj ET Q q 0 0 0 rg BT 253.63 95.75 Td (. ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (25) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BANKS ) Tj ET Q q 0 0 0 rg BT 122.96 710.55 Td (AND BRANCHES) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (FINANCIALS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (The following table presents selected Consolidated Balance Sheet line items as of December 31, 2014, for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (the Company) Tj ET Q q 0 0 0 rg BT 134.02 648.95 Td (s bank Material Entities. ) Tj ET Q q 0 0 0 rg BT 246.85 648.95 Td (The information below is unaudited and, with the exception of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 635.75 Td ( and BACANA, is based on internal general ledger data, does not reflect certain post-closing and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (re-class entries made as part of the regulatory filings \(if applicable\), and includes transactions with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (af) Tj ET Q q 0 0 0 rg BT 80.35 609.35 Td (filiates. Separate balance sheet line items are not provided for BANA) Tj ET Q q 0 0 0 rg BT 387.02 609.35 Td () Tj ET Q q 0 0 0 rg BT 390.08 609.35 Td (s foreign branch Material ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (Entities, BANA-L) Tj ET Q q 0 0 0 rg BT 152.25 596.15 Td ( and BANA-F) Tj ET Q q 0 0 0 rg BT 213.70 596.15 Td (, as they) Tj ET Q q 0 0 0 rg BT 249.34 596.15 Td (, as well as all of BANA) Tj ET Q q 0 0 0 rg BT 355.96 596.15 Td () Tj ET Q q 0 0 0 rg BT 359.02 596.15 Td (s other foreign branches, are included ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.95 Td (within the balance sheet line items for BANA.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 519.45 m 324.5 519.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 519.45 m 378.5 519.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 519.45 m 432.5 519.45 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.00 552.13 Td (Selected Balance Sheet Line Items as of December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 523.68 Td (\(Dollars in millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.45 523.90 Td (BANA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.70 523.90 Td (BAMLI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.95 523.90 Td (BACANA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 509.90 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 495.91 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 495.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 495.91 Td (101,164) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 495.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 495.91 Td (169) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.00 495.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 495.91 Td (8,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 482.71 Td (Time deposits placed and other short-term) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 87.50 471.91 Td (investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 471.91 Td (26,057) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.75 471.91 Td (1,958) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 471.91 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 458.71 Td (Federal funds sold and securities borrowed or) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 87.50 447.91 Td (purchased under agreements to resell) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 447.91 Td (20,120) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 447.91 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 447.91 Td (11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 433.91 Td (Trading account assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 433.91 Td (83,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.75 433.91 Td (1,902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 433.91 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 419.91 Td (Loans and leases, net of allowance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 419.91 Td (833,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 419.91 Td (13,676) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 419.91 Td (16,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 405.91 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.00 405.91 Td (1,574,093) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 405.91 Td (21,292) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 405.91 Td (26,261) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 391.90 Td (Liabilities and shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 377.91 Td (Deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 377.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.00 377.91 Td (1,213,119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 377.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 377.91 Td (13,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.00 377.91 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 377.91 Td (19,974) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 364.71 Td (Federal funds purchased and securities loaned or) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 87.50 353.91 Td (sold under agreements to repurchase) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 353.91 Td (33,953) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 353.91 Td (318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 353.91 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 339.91 Td (Trading account liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 339.91 Td (35,692) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 339.91 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 339.91 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 325.91 Td (Other short-term borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 325.91 Td (55,780) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 325.91 Td (221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 325.91 Td (3,508) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 311.91 Td (Total liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.00 311.91 Td (1,371,723) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 311.91 Td (14,540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 311.91 Td (23,594) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 297.91 Td (Shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 297.91 Td (202,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.75 297.91 Td (6,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 297.91 Td (2,667) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (26) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 712.60 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 190.66 712.60 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 233.45 712.60 Td ( INTERCONNECTEDNESS: BANKS ) Tj ET Q q 0 0 0 rg BT 415.30 712.60 Td (AND BRANCHES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.20 Td (In order to ensure Core Business Lines and Critical Operations are able to continue to operate without ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.00 Td (interruption during a resolution, Material Entities must have appropriate access to critical services \(e.g., ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (personnel, applications, vendors, real estate and FMUs\) provided by other legal entities. Bank of ) Tj ET Q q 0 0 0 rg BT 501.81 659.80 Td (America ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.60 Td (aligned critical services to key operating entities to ensure continuity of services and reduce operational ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.40 Td (interconnectedness in a resolution. ) Tj ET Q q 0 0 0 rg BT 229.42 633.40 Td (The key operating entities providing resolution critical services are as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.20 Td (follows:BANA, BAMLI, MLGS, FDS, MAA, and BACI, and are considered the Preferred Service ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 607.00 Td (Providers. For each of the b) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 201.82 607.00 Td (ank and branch) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 269.02 607.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 271.77 607.00 Td (Material Entities with business operations, the vast majority ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 593.80 Td (of their critical services are provided by the Preferred Service Providers. ) Tj ET Q q 0 0 0 rg BT 395.87 593.80 Td (Those critical services provided ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 580.60 Td (outside of Preferred Service Providers are analyzed to determine whether such service is either immaterial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 567.40 Td (or substitutable in the event of a resolution, or should be evaluated further for realignment to a Preferred ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 554.20 Td (Service Provider) Tj ET Q q 0 0 0 rg BT 145.01 554.20 Td (. ) Tj ET Q q 0 0 0 rg BT 153.06 554.20 Td (The services provided include personnel, real estate, applications, vendors, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 541.00 Td (financial market utilities.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 514.60 Td (The following represents a specific discussion of the operations of each of the banks and branches, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 501.40 Td (including background information, capital and funding resources, financial interconnectedness and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 488.20 Td (resolution strategy) Tj ET Q q 0 0 0 rg BT 152.85 488.20 Td (. ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (27) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BANK OF) Tj ET Q q 0 0 0 rg BT 134.87 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 137.60 710.55 Td (AMERICA, NA) Tj ET Q q 0 0 0 rg BT 232.22 710.55 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 286.68 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 289.41 710.55 Td (ASSOCIA) Tj ET Q q 0 0 0 rg BT 350.61 710.55 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 662.15 Td (America, National ) Tj ET Q q 0 0 0 rg BT 199.42 662.15 Td (Association ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 255.95 662.15 Td (is the flagship national, full-service commercial bank and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (primary operating subsidiary of BAC. ) Tj ET Q q 0 0 0 rg BT 244.00 648.95 Td (As of December 31, 2014, BANA) Tj ET Q q 0 0 0 rg BT 393.40 648.95 Td ( operated in all 50 states and the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (District of Columbia and has foreign branches in 22 countries. ) Tj ET Q q 0 0 0 rg BT 351.62 635.75 Td (The retail banking footprint covers ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (approximately 80% of the U.S. population. BANA) Tj ET Q q 0 0 0 rg BT 297.47 622.55 Td ( is a global leader in corporate and investment banking ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (and trading across a broad range of asset classes serving corporations, governments, institutions, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (individuals around the world. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (BANA) Tj ET Q q 0 0 0 rg BT 101.95 571.95 Td () Tj ET Q q 0 0 0 rg BT 105.01 571.95 Td (s significant assets and liabilities comprise primarily high-quality liquid assets, consumer and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.75 Td (commercial loans, customer and client deposits, and intercompany transactions. Deposits are the primary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.55 Td (source of funding. Excess liquidity is generally reinvested in U.S. ) Tj ET Q q 0 0 0 rg BT 366.30 545.55 Td (T) Tj ET Q q 0 0 0 rg BT 372.63 545.55 Td (reasuries, agencies and government ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 532.35 Td (securities, or cash reserves that may be placed at the Federal Reserve Bank and foreign central banks. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 505.95 Td (BANA) Tj ET Q q 0 0 0 rg BT 101.95 505.95 Td () Tj ET Q q 0 0 0 rg BT 105.01 505.95 Td (s primary sources of income include net interest income and non-interest income from core ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 492.75 Td (business operations. Non-interest income consists of credit card fees, service char) Tj ET Q q 0 0 0 rg BT 433.76 492.75 Td (ges, investment ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 479.55 Td (banking and brokerage service fees, mortgage banking income, trading account profits, and gains on sales ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 466.35 Td (of debt securities. BANA) Tj ET Q q 0 0 0 rg BT 185.95 466.35 Td ( also receives intercompany income from various af) Tj ET Q q 0 0 0 rg BT 413.92 466.35 Td (filiates via service ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 453.15 Td (agreements.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 428.95 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 428.95 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 428.95 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 428.95 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 404.75 Td (The primary source of funding for BANA) Tj ET Q q 0 0 0 rg BT 255.90 404.75 Td ( is deposits raised through the banking franchise. ) Tj ET Q q 0 0 0 rg BT 476.27 404.75 Td (These ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 391.55 Td (deposits are diversified by client, product type and geography) Tj ET Q q 0 0 0 rg BT 342.84 391.55 Td (, and the majority of BANA) Tj ET Q q 0 0 0 rg BT 465.05 391.55 Td () Tj ET Q q 0 0 0 rg BT 468.10 391.55 Td (s U.S. deposits ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 378.35 Td (are insured by the FDIC. BANA) Tj ET Q q 0 0 0 rg BT 217.12 378.35 Td ( considers a substantial portion of its deposits to be a stable, low-cost and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 365.15 Td (consistent source of funding. ) Tj ET Q q 0 0 0 rg BT 204.39 365.15 Td (This deposit funding is generally less sensitive to interest rate changes, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 351.95 Td (market volatility) Tj ET Q q 0 0 0 rg BT 144.29 351.95 Td (, or changes in BANA) Tj ET Q q 0 0 0 rg BT 241.14 351.95 Td () Tj ET Q q 0 0 0 rg BT 244.20 351.95 Td (s credit ratings than wholesale funding sources. Other sources of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 338.75 Td (funding include secured borrowings, including credit card securitizations and securitizations with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 325.55 Td (government-sponsored enterprises, the Federal Housing ) Tj ET Q q 0 0 0 rg BT 320.05 325.55 Td (Administration and private-label investors, as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 312.35 Td (well as Federal Home Loan Bank \(FHLB\) loans. BANA) Tj ET Q q 0 0 0 rg BT 332.28 312.35 Td ( also raises short-term wholesale funding, as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 299.15 Td (well as issues unsecured long-term debt. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 274.95 Td (BANA) Tj ET Q q 0 0 0 rg BT 101.95 274.95 Td () Tj ET Q q 0 0 0 rg BT 105.01 274.95 Td (s capital resources are primarily composed of common stock, held by its parent, BANA) Tj ET Q q 0 0 0 rg BT 489.60 274.95 Td ( Holding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 261.75 Td (Company) Tj ET Q q 0 0 0 rg BT 114.06 261.75 Td (, retained earnings, and accumulated other comprehensive income. BANA) Tj ET Q q 0 0 0 rg BT 443.34 261.75 Td ( is a net borrower for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 248.55 Td (general intercompany loans. Currently) Tj ET Q q 0 0 0 rg BT 243.26 248.55 Td (, it does not have any outstanding intercompany subordinated debt.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 222.15 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 222.15 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 222.15 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 197.95 Td (BANA) Tj ET Q q 0 0 0 rg BT 101.95 197.95 Td () Tj ET Q q 0 0 0 rg BT 105.01 197.95 Td (s equity funding includes capital injections and subordinated debt transactions with af) Tj ET Q q 0 0 0 rg BT 482.08 197.95 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 519.65 197.95 Td (As ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 184.75 Td (the primary bank operating entity) Tj ET Q q 0 0 0 rg BT 218.52 184.75 Td (, BANA) Tj ET Q q 0 0 0 rg BT 254.58 184.75 Td ( provides cash management services for the majority of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 171.55 Td (Company) Tj ET Q q 0 0 0 rg BT 117.83 171.55 Td (s entities. ) Tj ET Q q 0 0 0 rg BT 164.68 171.55 Td (These services involve various deposit accounts to assist the entities in the daily ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 158.35 Td (management of their liquidity) Tj ET Q q 0 0 0 rg BT 202.33 158.35 Td (. For certain Material Entities, BANA) Tj ET Q q 0 0 0 rg BT 370.97 158.35 Td ( also provides intraday funding to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 145.15 Td (support intraday transaction settlements. BANA) Tj ET Q q 0 0 0 rg BT 285.85 145.15 Td ( conducts secured financing and derivative transactions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 131.95 Td (with af) Tj ET Q q 0 0 0 rg BT 102.65 131.95 Td (filiates as well. Secured funding transactions with af) Tj ET Q q 0 0 0 rg BT 335.53 131.95 Td (filiates can serve multiple purposes, but often ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 118.75 Td (involve ef) Tj ET Q q 0 0 0 rg BT 116.09 118.75 Td (forts to ef) Tj ET Q q 0 0 0 rg BT 158.66 118.75 Td (ficiently manage collateral across the Company or to fund securities. ) Tj ET Q q 0 0 0 rg BT 466.36 118.75 Td (The primary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 105.55 Td (driver of derivative transactions with af) Tj ET Q q 0 0 0 rg BT 245.60 105.55 Td (filiates is a client-focused strategy of delivering products and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 92.35 Td (services to institutional investors in the geographic market which matches their needs. ) Tj ET Q q 0 0 0 rg BT 456.09 92.35 Td (T) Tj ET Q q 0 0 0 rg BT 462.42 92.35 Td (ransactions with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 79.15 Td (af) Tj ET Q q 0 0 0 rg BT 80.35 79.15 Td (filiates are done in compliance with Federal Reserve Regulation ) Tj ET Q q 0 0 0 rg BT 365.13 79.15 Td (W) Tj ET Q q 0 0 0 rg BT 374.51 79.15 Td (.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (28) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 712.60 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 688.40 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 688.40 Td ( has been identified as a Continuing Subsidiary and would continue operating outside of resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 675.20 Td (proceedings. ) Tj ET Q q 0 0 0 rg BT 133.20 675.20 Td (The Core Business Lines and associated Critical Operations within BANA) Tj ET Q q 0 0 0 rg BT 461.00 675.20 Td ( would continue ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.00 Td (indefinitely while the Global Markets Core Business Lines and associated Critical Operations within ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.80 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 648.80 Td ( would be part of the orderly wind-down of the Global Markets business. ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (29) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BANK OF) Tj ET Q q 0 0 0 rg BT 134.87 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 137.60 710.55 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 205.27 710.55 Td ( MERRILL) Tj ET Q q 0 0 0 rg BT 274.89 710.55 Td ( L) Tj ET Q q 0 0 0 rg BT 286.44 710.55 Td (YNCH INTERNA) Tj ET Q q 0 0 0 rg BT 394.69 710.55 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 449.15 710.55 Td ( LIMITED) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 662.15 Td (America Merrill L) Tj ET Q q 0 0 0 rg BT 197.87 662.15 Td (ynch International Limited ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 328.35 662.15 Td (is a company incorporated with limited liability ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 648.95 Td (in England and ) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 141.15 648.95 Td (W) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 150.65 648.95 Td (ales and is a wholly-owned subsidiary of BANA. BAMLI currently does not book a ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 635.75 Td (material amount of Core Business Line activity; however) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 323.58 635.75 Td (, it supports other Material Entities by providing ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 622.55 Td (services to their respective Core Business Lines and Critical Operations. BAMLI was recently chosen as ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 609.35 Td (the booking vehicle of choice for all banking book loans, mar) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 342.75 609.35 Td (gin loans, and trade finance business in ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 596.15 Td (Europe, the Middle East and ) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 199.69 596.15 Td (Africa \(EMEA\). Going forward, the Company will increasingly utilize ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 582.95 Td (BAMLI to support its banking and banking-related activities in EMEA.) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 558.75 Td (BAMLI) Tj ET Q q 0 0 0 rg BT 110.50 558.75 Td (s significant assets and liabilities include loans and deposits primarily from the Corporate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.55 Td (Banking loan book, leasing activity and commercial card balances.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 521.35 Td (BAMLI earns interest and fee income from the lending businesses and certain asset-backed and secured ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 508.15 Td (lending. In addition, trading account profits are generated through BAMLI) Tj ET Q q 0 0 0 rg BT 406.18 508.15 Td (s trading account asset ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 494.95 Td (portfolio, loan transactions and certain secured lending transactions. BAMLI holds a material liquidity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (portfolio under the management of Corporate ) Tj ET Q q 0 0 0 rg BT 274.62 481.75 Td (T) Tj ET Q q 0 0 0 rg BT 280.96 481.75 Td (reasury to satisfy contingent liquidity requirements.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 468.55 Td (Other income is generated primarily through BAMLI) Tj ET Q q 0 0 0 rg BT 309.66 468.55 Td (s services to af) Tj ET Q q 0 0 0 rg BT 374.52 468.55 Td (filiates related to its support services ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 455.35 Td (activity) Tj ET Q q 0 0 0 rg BT 104.27 455.35 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 428.95 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 428.95 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 428.95 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 428.95 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 404.75 Td (The primary sources of funding for BAMLI are capital, corporate deposit activity and intercompany ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 391.55 Td (funding from BANA-L) Tj ET Q q 0 0 0 rg BT 174.24 391.55 Td ( and other bank chain entities.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 368.35 Td (BAMLI) Tj ET Q q 0 0 0 rg BT 110.50 368.35 Td (s capital resources are comprised of ordinary share capital, share premium, capital contributions, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 355.15 Td (and retained earnings.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 331.95 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 331.95 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 331.95 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 308.75 Td (BAMLI) Tj ET Q q 0 0 0 rg BT 110.50 308.75 Td (s financial interconnectedness is primarily related to intercompany borrowing and lending ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 295.55 Td (activities with BANA.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 269.15 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 269.15 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 244.95 Td (BAMLI has been identified as a Continuing Subsidiary and would continue operating outside of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 231.75 Td (resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 179.94 231.75 Td (The Core Business Lines and associated Critical Operations operating within ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 218.55 Td (BAMLI would continue indefinitely) Tj ET Q q 0 0 0 rg BT 231.06 218.55 Td (, except for the associated Critical Operations that are part of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 205.35 Td (orderly wind-down of the Global Markets business. ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (30) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BANK OF) Tj ET Q q 0 0 0 rg BT 134.87 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 137.60 710.55 Td (AMERICA, N.A. - LONDON BRANCH) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 662.15 Td (America, N.A. - London Branch ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 264.52 662.15 Td (is a BANA) Tj ET Q q 0 0 0 rg BT 312.80 662.15 Td ( branch located in London, England. BANA-L) Tj ET Q q 0 0 0 rg BT 519.81 662.15 Td ( is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (one of two foreign branches that has been designated a Material Entity) Tj ET Q q 0 0 0 rg BT 381.93 648.95 Td (. BANA-L) Tj ET Q q 0 0 0 rg BT 431.32 648.95 Td ( of) Tj ET Q q 0 0 0 rg BT 443.04 648.95 Td (fers the following ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (products and services to BANA) Tj ET Q q 0 0 0 rg BT 210.70 635.75 Td () Tj ET Q q 0 0 0 rg BT 213.75 635.75 Td (s global clients: cash management services such as payments, deposits, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (overdrafts, and advances; trade finance services; lending; leasing; foreign currency and bank note ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (services; and extended custodial services.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.15 Td (BANA-L) Tj ET Q q 0 0 0 rg BT 113.14 585.15 Td ( accepts deposits from, and extends loans to, other non-U.S. BANA) Tj ET Q q 0 0 0 rg BT 410.09 585.15 Td ( branches and af) Tj ET Q q 0 0 0 rg BT 481.66 585.15 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 519.24 585.15 Td (As a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (result, BANA-L) Tj ET Q q 0 0 0 rg BT 142.48 571.95 Td () Tj ET Q q 0 0 0 rg BT 145.54 571.95 Td (s significant assets and liabilities are comprised of balances relating to af) Tj ET Q q 0 0 0 rg BT 465.76 571.95 Td (filiate or branch ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.75 Td (funding managed by Corporate ) Tj ET Q q 0 0 0 rg BT 211.71 558.75 Td (T) Tj ET Q q 0 0 0 rg BT 218.04 558.75 Td (reasury) Tj ET Q q 0 0 0 rg BT 249.70 558.75 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 535.55 Td (The primary sources of BANA-L) Tj ET Q q 0 0 0 rg BT 217.62 535.55 Td () Tj ET Q q 0 0 0 rg BT 220.67 535.55 Td (s revenue are net interest income on loans, cash on deposit and other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 522.35 Td (earning assets, as well as income from service char) Tj ET Q q 0 0 0 rg BT 296.30 522.35 Td (ges.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 498.15 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 498.15 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 498.15 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 498.15 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 473.95 Td (BANA-L) Tj ET Q q 0 0 0 rg BT 112.54 473.95 Td () Tj ET Q q 0 0 0 rg BT 115.60 473.95 Td (s significant sources of funding are deposits from corporate clients, short-term issuance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 460.75 Td (proceeds, intercompany deposits from BANA, and deposits received from other non-U.S. BANA) Tj ET Q q 0 0 0 rg BT 499.38 460.75 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 447.55 Td (branches and af) Tj ET Q q 0 0 0 rg BT 140.82 447.55 Td (filiates. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 423.35 Td (Retained earnings represent the primary capital resource for the branch. BANA-L) Tj ET Q q 0 0 0 rg BT 433.83 423.35 Td ( relies upon the capital ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 410.15 Td (of BANA.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 385.95 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 385.95 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 385.95 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 361.75 Td (BANA-L) Tj ET Q q 0 0 0 rg BT 113.14 361.75 Td ( is the London branch of BANA) Tj ET Q q 0 0 0 rg BT 254.29 361.75 Td ( and, from a legal perspective, BANA-L) Tj ET Q q 0 0 0 rg BT 431.04 361.75 Td ( is the same legal entity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 348.55 Td (as BANA. BANA-L) Tj ET Q q 0 0 0 rg BT 163.87 348.55 Td () Tj ET Q q 0 0 0 rg BT 166.93 348.55 Td (s financial interconnectedness is primarily with BANA, of which BANA-L) Tj ET Q q 0 0 0 rg BT 497.06 348.55 Td ( is a part, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 335.35 Td (because of cash and time deposits placed and received. Other forms of interconnectedness include ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 322.15 Td (derivative transactions with BANA.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 296.95 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 296.95 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 271.75 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 271.75 Td ( has been identified as a Continuing Subsidiary and would continue to operate outside of resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 258.55 Td (proceedings. ) Tj ET Q q 0 0 0 rg BT 133.20 258.55 Td (Therefore, like all other foreign BANA) Tj ET Q q 0 0 0 rg BT 305.47 258.55 Td ( branches, BANA-L) Tj ET Q q 0 0 0 rg BT 393.95 258.55 Td ( would also continue to operate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 245.35 Td (outside of resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 226.38 245.35 Td (The Core Business Lines and associated Critical Operations operating ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 232.15 Td (within BANA-L) Tj ET Q q 0 0 0 rg BT 144.00 232.15 Td ( would continue indefinitely) Tj ET Q q 0 0 0 rg BT 267.63 232.15 Td (, except for the associated Critical Operations that are part of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 218.95 Td (the orderly wind-down of the Global Markets businesses.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (31) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BANK OF) Tj ET Q q 0 0 0 rg BT 134.87 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 137.60 710.55 Td (AMERICA, N.A. - FRANKFUR) Tj ET Q q 0 0 0 rg BT 329.97 710.55 Td (T) Tj ET Q q 0 0 0 rg BT 339.06 710.55 Td ( BRANCH) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 662.15 Td (America, N.A. - Frankfurt Branch) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 272.74 662.15 Td ( is a BANA) Tj ET Q q 0 0 0 rg BT 323.77 662.15 Td ( branch located in Frankfurt, Germany) Tj ET Q q 0 0 0 rg BT 492.27 662.15 Td (. BANA-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (F is one of two foreign branches that has been designated a Material Entity based on the definitions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (outlined earlier) Tj ET Q q 0 0 0 rg BT 138.28 635.75 Td (. BANA-F is the Company) Tj ET Q q 0 0 0 rg BT 262.34 635.75 Td (s direct participant in ) Tj ET Q q 0 0 0 rg BT 358.05 635.75 Td (T) Tj ET Q q 0 0 0 rg BT 363.89 635.75 Td (ARGET2, the real-time gross ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (settlement market utility for cross border payments in Euro. ) Tj ET Q q 0 0 0 rg BT 340.32 622.55 Td (T) Tj ET Q q 0 0 0 rg BT 346.16 622.55 Td (ARGET2 is used for all payments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (involving the Eurosystem, as well as for the settlement of operations of all lar) Tj ET Q q 0 0 0 rg BT 413.33 609.35 Td (ge-value net settlement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (systems and securities settlement systems handling the Euro.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (BANA-F accepts deposits from other BANA) Tj ET Q q 0 0 0 rg BT 269.67 571.95 Td ( branches \(primarily BANA-L\). ) Tj ET Q q 0 0 0 rg BT 414.46 571.95 Td (As a result, BANA-F) Tj ET Q q 0 0 0 rg BT 511.01 571.95 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.75 Td (significant assets and liabilities are comprised of balances relating to af) Tj ET Q q 0 0 0 rg BT 385.19 558.75 Td (filiate or branch funding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.55 Td (supporting its role as a Euro clearing provider for the rest of the Company) Tj ET Q q 0 0 0 rg BT 397.23 545.55 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 522.35 Td (BANA-F) Tj ET Q q 0 0 0 rg BT 116.01 522.35 Td (s significant sources of revenue are services char) Tj ET Q q 0 0 0 rg BT 330.52 522.35 Td (ges and net interest income.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 499.15 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 499.15 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 499.15 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 499.15 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 474.95 Td (External funding is provided by depositors, primarily comprising multinational corporations engaging in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 461.75 Td (cash management activities in Germany) Tj ET Q q 0 0 0 rg BT 247.22 461.75 Td (. ) Tj ET Q q 0 0 0 rg BT 254.86 461.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 309.76 461.75 Td (, BANA-F also receives cash placements from other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 448.55 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 448.55 Td ( branches \(primarily BANA-L\). ) Tj ET Q q 0 0 0 rg BT 247.76 448.55 Td (These proceeds, most of which have been sourced from elsewhere ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 435.35 Td (in the BANA) Tj ET Q q 0 0 0 rg BT 130.06 435.35 Td ( group, are generally placed on deposit with the German Central Bank \(Bundesbank\). ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 411.15 Td (Retained earnings represent the primary capital resource for the branch. BANA-F relies upon the capital ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 397.95 Td (of BANA.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 371.55 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 371.55 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 371.55 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 347.35 Td (BANA-F is the Frankfurt branch of BANA) Tj ET Q q 0 0 0 rg BT 261.42 347.35 Td ( and, from a legal perspective, BANA-F is the same legal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 334.15 Td (entity as BANA. BANA-F) Tj ET Q q 0 0 0 rg BT 192.39 334.15 Td (s financial interconnectedness is primarily with BANA-L) Tj ET Q q 0 0 0 rg BT 444.30 334.15 Td ( because of cash and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 320.95 Td (time deposits placed and received. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 295.75 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 295.75 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 270.55 Td (BANA) Tj ET Q q 0 0 0 rg BT 102.56 270.55 Td ( has been identified as a Continuing Subsidiary and would continue to operate outside of resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 257.35 Td (proceedings. ) Tj ET Q q 0 0 0 rg BT 133.20 257.35 Td (Therefore, like all other BANA) Tj ET Q q 0 0 0 rg BT 270.96 257.35 Td ( branches, BANA-F would also continue to operate outside ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 244.15 Td (of resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 191.86 244.15 Td (The associated Critical Operations operating within BANA-F would continue ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 230.95 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 121.99 230.95 Td (, except for the associated Critical Operations that are part of the orderly wind-down of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 217.75 Td (Global Markets businesses.) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (32) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BANK OF) Tj ET Q q 0 0 0 rg BT 134.87 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 137.60 710.55 Td (AMERICA) Tj ET Q q 0 0 0 rg BT 205.27 710.55 Td ( CALIFORNIA, NA) Tj ET Q q 0 0 0 rg BT 325.18 710.55 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 379.64 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 382.37 710.55 Td (ASSOCIA) Tj ET Q q 0 0 0 rg BT 443.57 710.55 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 111.13 662.15 Td (America California, National ) Tj ET Q q 0 0 0 rg BT 250.44 662.15 Td (Association ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 306.97 662.15 Td (is a limited-purpose bank located in the United ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (States and wholly-owned by BANA) Tj ET Q q 0 0 0 rg BT 230.26 648.95 Td ( Holding Corporation. BACANA) Tj ET Q q 0 0 0 rg BT 379.07 648.95 Td ( is a member of the Federal Home ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (Loan Bank within the district of San Francisco \(FHLB-SF\). FHLB membership provides Corporate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 622.55 Td (reasury with a source of funding by facilitating borrowing advances from the FHLB-SF that are secured ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (by mortgage related collateral. BACANA) Tj ET Q q 0 0 0 rg BT 257.72 609.35 Td ( receives deposits swept from the accounts of GWIM ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (customers. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (BACANA) Tj ET Q q 0 0 0 rg BT 117.23 571.95 Td () Tj ET Q q 0 0 0 rg BT 120.29 571.95 Td (s significant assets and liabilities include cash and cash equivalents from deposits of GWIM ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.75 Td (clients and funding from advances with FHLB-SF) Tj ET Q q 0 0 0 rg BT 291.70 558.75 Td (. Other significant assets include mortgage loans ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.55 Td (purchased from BANA, which are used primarily as collateral to support short-term and long-term FHLB ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 532.35 Td (advances. BACANA) Tj ET Q q 0 0 0 rg BT 165.79 532.35 Td () Tj ET Q q 0 0 0 rg BT 168.85 532.35 Td (s primary source of revenue is interest income from the residential loan book. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 505.95 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 505.95 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 505.95 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 505.95 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (BACANA) Tj ET Q q 0 0 0 rg BT 117.23 481.75 Td () Tj ET Q q 0 0 0 rg BT 120.29 481.75 Td (s funding resources comprise GWIM client deposits and FHLB advances. Excess cash ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 468.55 Td (received from funding activities is placed on deposit with the Federal Reserve Bank of San Francisco.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 444.35 Td (BACANA) Tj ET Q q 0 0 0 rg BT 117.23 444.35 Td () Tj ET Q q 0 0 0 rg BT 120.29 444.35 Td (s capital resources include common stock held by its parent, BANA) Tj ET Q q 0 0 0 rg BT 418.13 444.35 Td ( Holding Corporation, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 431.15 Td (retained earnings. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 406.95 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 406.95 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 406.95 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 382.75 Td (BACANA) Tj ET Q q 0 0 0 rg BT 117.84 382.75 Td ( has interconnectedness with BANA) Tj ET Q q 0 0 0 rg BT 277.31 382.75 Td ( as a result of whole loan purchases from BANA) Tj ET Q q 0 0 0 rg BT 490.84 382.75 Td ( to support ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 369.55 Td (FHLB advances and occasional borrowings to support cash requirements. ) Tj ET Q q 0 0 0 rg BT 401.01 369.55 Td (Additionally) Tj ET Q q 0 0 0 rg BT 455.90 369.55 Td (, BACANA) Tj ET Q q 0 0 0 rg BT 507.24 369.55 Td ( has ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 356.35 Td (interconnectedness with MLPFS as a result of GWIM client cash placed on deposit with BACANA) Tj ET Q q 0 0 0 rg BT 508.87 356.35 Td ( via ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 343.15 Td (the GWIM deposit sweep program.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 316.75 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 316.75 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 292.55 Td (BACANA) Tj ET Q q 0 0 0 rg BT 117.84 292.55 Td ( has been identified as a Continuing Subsidiary and would continue operating outside of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 279.35 Td (resolution proceedings, allowing it to continue to support the client needs of the Core Business Lines ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 266.15 Td (within GWIM. ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (33) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BROKER-DEALERS ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (FINANCIALS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (The following table presents selected Consolidated Balance Sheet line items as of December 31, 2014, for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (the Company) Tj ET Q q 0 0 0 rg BT 134.02 648.95 Td (s broker) Tj ET Q q 0 0 0 rg BT 169.54 648.95 Td (-dealer Material Entities. ) Tj ET Q q 0 0 0 rg BT 284.49 648.95 Td (The information below is based on internal general ledger ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (data, does not reflect certain post-closing and re-class entries made as part of the regulatory filings \(if ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (applicable\), includes transactions with af) Tj ET Q q 0 0 0 rg BT 251.71 622.55 Td (filiates and, with the exception of MLPFS and MLPRO, is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (unaudited.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 555.85 m 324.5 555.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 555.85 m 378.5 555.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 555.85 m 432.5 555.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 555.85 m 486.5 555.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 555.85 m 540.5 555.85 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.00 588.53 Td (Selected Balance Sheet Line Items as of December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 560.08 Td (\(Dollars in millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.75 560.30 Td (MLPFS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.25 560.30 Td (MLPRO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.95 560.30 Td (MLCS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.00 560.30 Td (MLI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.95 560.30 Td (MLJS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 546.30 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 533.11 Td (Cash and securities segregated for regulatory) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 87.50 522.31 Td (purposes or deposited with clearing organizations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 522.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 522.31 Td (14,189) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 522.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 522.31 Td (307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.00 522.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.50 522.31 Td (988) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 522.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.75 522.31 Td (2,406) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 522.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 522.31 Td (68) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 508.31 Td (Securities financing transactions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 508.31 Td (117,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 508.31 Td (24,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 508.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 508.31 Td (89,141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 508.31 Td (12,820) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 494.31 Td (Trading assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 494.31 Td (69,432) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 494.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 494.31 Td (9,159) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 494.31 Td (69,987) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.75 494.31 Td (9,241) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 480.31 Td (Other receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 480.31 Td (52,732) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 480.31 Td (31,372) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 480.31 Td (13,508) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 480.31 Td (28,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 480.31 Td (613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 466.31 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 466.31 Td (271,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 466.31 Td (56,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 466.31 Td (25,142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 466.31 Td (212,822) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 466.31 Td (24,390) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 452.30 Td (Liabilities and shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 438.31 Td (Securities financing transactions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 438.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 438.31 Td (111,007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 438.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 438.31 Td (31,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.00 438.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 438.31 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 438.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 438.31 Td (83,418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 438.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 438.31 Td (12,914) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 424.31 Td (Trading liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 424.31 Td (26,989) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 424.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 424.31 Td (8,393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 424.31 Td (42,707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.75 424.31 Td (7,962) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 410.31 Td (Other payables ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 139.48 414.39 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 410.31 Td (93,892) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 410.31 Td (20,729) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 410.31 Td (6,729) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 410.31 Td (41,521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.75 410.31 Td (1,461) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 396.31 Td (Long-term and subordinated borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 396.31 Td (13,578) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.75 396.31 Td (1,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 396.31 Td (7,352) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.75 396.31 Td (2,095) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 396.31 Td (588) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 382.31 Td (Total liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 382.31 Td (255,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 382.31 Td (53,670) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 382.31 Td (23,289) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 382.31 Td (172,765) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 382.31 Td (22,925) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 368.31 Td (Shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 368.31 Td (15,690) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.75 368.31 Td (2,823) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 368.31 Td (1,853) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 368.31 Td (40,057) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.75 368.31 Td (1,465) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 72.00 339.63 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 81.75 335.55 Td (Certain short- and long-term borrowings are included in other payables.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (34) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 712.60 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 190.66 712.60 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 233.45 712.60 Td ( INTERCONNECTEDNESS: BROKER-DEALERS) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 683.20 Td (In order to ensure Core Business Lines and Critical Operations are able to continue to operate without ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 670.00 Td (interruption during a resolution scenario, Material Entities must have appropriate access to critical ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 656.80 Td (services \(e.g., ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 135.22 656.80 Td (personnel, applications, vendors, real estate, and FMUs\) ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 385.41 656.80 Td (provided by other legal entities. ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 643.60 Td (Bank of ) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 109.28 643.60 Td (America aligned critical services to key operating entities to ensure continuity of services and ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 630.40 Td (reduce operational interconnectedness in a resolution. ) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 313.71 630.40 Td (The key operating entities providing resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 617.20 Td (critical services are:BANA, BAMLI, MLGS, FDS, MAA, and BACI, and are considered the Preferred ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 604.00 Td (Service Providers. For each of the broker) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 260.55 604.00 Td (-dealer Material Entities with business operations, the vast ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 590.80 Td (majority of their critical services are provided by the Preferred Service Providers. ) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 435.89 590.80 Td (Those critical services ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 577.60 Td (provided outside of Preferred Service Providers are analyzed to determine whether such service is either ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 564.40 Td (immaterial or substitutable in the event of a resolution, or should be evaluated further for realignment to a ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 551.20 Td (Preferred Service Provider) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 188.68 551.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 524.80 Td (The following represents a specific discussion of the operations of each of the broker) Tj ET Q q 0 0 0 rg BT 445.96 524.80 Td (-dealers, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 511.60 Td (background information, capital and funding resources, financial interconnectedness, and resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 498.40 Td (strategy) Tj ET Q q 0 0 0 rg BT 106.11 498.40 Td (.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (35) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MERRILL) Tj ET Q q 0 0 0 rg BT 138.12 710.55 Td ( L) Tj ET Q q 0 0 0 rg BT 149.68 710.55 Td (YNCH, PIERCE, FENNER & SMITH INCORPORA) Tj ET Q q 0 0 0 rg BT 469.48 710.55 Td (TED) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 662.15 Td (ynch, Pier) Tj ET Q q 0 0 0 rg BT 163.14 662.15 Td (ce, Fenner) Tj ET Q q 0 0 0 rg BT 211.80 662.15 Td ( & Smith Incorporated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 322.41 662.15 Td (is the primary U.S. broker) Tj ET Q q 0 0 0 rg BT 437.06 662.15 Td (-dealer for BAC ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (serving corporate, institutional, retail, and government clients through the GWIM and Global Markets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (businesses. MLPFS holds memberships and / or has third-party clearing relationships with most major ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (commodity and financial futures exchanges and clearing associations in the U.S. It also carries positions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (reflecting trades executed on exchanges and markets outside of the U.S. through af) Tj ET Q q 0 0 0 rg BT 436.51 609.35 Td (filiates and / or third-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (party clearing brokers. MLPFS provides clients with a wide variety of financial services including: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.95 Td (financial advisory services; underwriting the sale of securities to the public; structured and derivative ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.75 Td (financing; private placements; and mortgage and lease financing. MLPFS also provides securities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.55 Td (clearing services for its own account and for unaf) Tj ET Q q 0 0 0 rg BT 289.27 556.55 Td (filiated broker) Tj ET Q q 0 0 0 rg BT 351.66 556.55 Td (-dealers. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 532.35 Td (MLPFS) Tj ET Q q 0 0 0 rg BT 109.91 532.35 Td (s significant assets and liabilities include securities financing transactions to accommodate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 519.15 Td (customers, earn interest rate spreads, or obtain securities for settlement and financing of inventory ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 505.95 Td (positions. Other significant assets and liabilities include trading assets and liabilities, and broker) Tj ET Q q 0 0 0 rg BT 497.33 505.95 Td (-dealer ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 492.75 Td (and customer receivables and payables.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 468.55 Td (MLPFS receives commission revenue and managed account fee revenue, as well as investment banking ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 455.35 Td (fees. Interest income and realized and unrealized gains and losses on trading assets and liabilities also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 442.15 Td (impact earnings.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 417.95 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 417.95 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 417.95 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 417.95 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 393.75 Td (Liquidity is monitored daily and maintained at MLPFS to meet legal entity funding requirements. Excess ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 380.55 Td (liquidity can be held in the form of cash or high-quality) Tj ET Q q 0 0 0 rg BT 315.67 380.55 Td (, liquid, unencumbered securities. MLPFS is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 367.35 Td (funded through external sources such as repurchase agreements, securities lending transactions, trading ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 354.15 Td (liabilities and securities-based lines of credit. BAC also acts as a source of funding to MLPFS through ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 340.95 Td (subordinated debt agreements and an unsecured committed line of credit. ) Tj ET Q q 0 0 0 rg BT 396.09 340.95 Td (Additionally) Tj ET Q q 0 0 0 rg BT 450.98 340.95 Td (, intraday liquidity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 327.75 Td (is provided by BAC and BANA.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 303.55 Td (The capital resources of MLPFS include common stock held by its parent, BACNA, retained earnings and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 290.35 Td (accumulated other comprehensive income. MLPFS has outstanding subordinated debt with BAC, which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 277.15 Td (is recognized in regulatory capital. In addition, it is a net borrower of general intercompany loans.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 252.95 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 252.95 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 252.95 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 228.75 Td (As the Company) Tj ET Q q 0 0 0 rg BT 148.99 228.75 Td (s primary domestic broker) Tj ET Q q 0 0 0 rg BT 264.55 228.75 Td (-dealer) Tj ET Q q 0 0 0 rg BT 294.64 228.75 Td (, MLPFS has various forms of financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 215.55 Td (interconnectedness with other Material Entities. ) Tj ET Q q 0 0 0 rg BT 287.76 215.55 Td (The primary instances of interconnectedness include ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 202.35 Td (secured borrowing and lending activity \(including repurchase and reverse repurchase agreements\), ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 189.15 Td (unsecured loans and subordinated debt from BAC, intraday liquidity provided by BAC and BANA, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 175.95 Td (derivative transactions. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 151.75 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 151.75 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 126.55 Td (MLPFS has been identified as a Continuing Subsidiary as the GWIM business would continue to operate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 113.35 Td (as a going concern as part of the Surviving Institution. Until the successful completion of the split of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 100.15 Td (broker) Tj ET Q q 0 0 0 rg BT 100.49 100.15 Td (-dealer) Tj ET Q q 0 0 0 rg BT 130.58 100.15 Td (, the Global Markets business and associated Critical Operations within MLPFS would be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 86.95 Td (part of the orderly wind-down of the Global Markets business. ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (36) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MERRILL) Tj ET Q q 0 0 0 rg BT 138.12 710.55 Td ( L) Tj ET Q q 0 0 0 rg BT 149.68 710.55 Td (YNCH PROFESSIONAL) Tj ET Q q 0 0 0 rg BT 302.54 710.55 Td ( CLEARING CORP) Tj ET Q q 0 0 0 rg BT 423.37 710.55 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 662.15 Td (ynch Pr) Tj ET Q q 0 0 0 rg BT 152.45 662.15 Td (ofessional Clearing Corp. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 274.67 662.15 Td (is a broker) Tj ET Q q 0 0 0 rg BT 320.88 662.15 Td (-dealer located in the United States. It provides ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (prime brokerage services for hedge funds, alternative investment managers, professional traders, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (proprietary trading firms through the Global Markets business. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 611.55 Td (MLPRO) Tj ET Q q 0 0 0 rg BT 112.95 611.55 Td (s significant assets and liabilities include customer and broker) Tj ET Q q 0 0 0 rg BT 385.22 611.55 Td (-dealer receivables and payables ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 598.35 Td (and securities financing transactions, which are comprised of securities borrowed and loaned transactions, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.15 Td (as well as reverse repurchase agreements. MLPRO) Tj ET Q q 0 0 0 rg BT 301.69 585.15 Td (s primary sources of revenue are interest and fees ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (earned on mar) Tj ET Q q 0 0 0 rg BT 134.71 571.95 Td (gin loans and lending of securities to cover customer short sales. ) Tj ET Q q 0 0 0 rg BT 423.40 571.95 Td (Additionally) Tj ET Q q 0 0 0 rg BT 478.29 571.95 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.75 Td (commissions earned on trade clearance are a significant source of revenue.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 534.55 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 534.55 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 534.55 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 534.55 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 510.35 Td (MLPRO is funded through financing and securities lending transactions with MLPFS. BAC also acts as a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 497.15 Td (source of funding to MLPRO through subordinated debt agreements and an unsecured committed line of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 483.95 Td (credit. Intraday liquidity is provided by BANA.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 459.75 Td (MLPRO) Tj ET Q q 0 0 0 rg BT 112.95 459.75 Td (s capital resources include primarily common stock held by its parent, MLPFS, and retained ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 446.55 Td (earnings. MLPRO has outstanding subordinated debt with BAC, which is recognized as regulatory ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 433.35 Td (capital. It is a net borrower of general intercompany loans.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 409.15 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 409.15 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 409.15 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 384.95 Td (MLPRO) Tj ET Q q 0 0 0 rg BT 112.95 384.95 Td (s financial interconnectedness is primarily limited to BAC, BANA, MLPFS, and MLI, and is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 371.75 Td (based on secured borrowing and lending activity \(including repurchase and reverse repurchase ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 358.55 Td (agreements\) with BANA, MLPFS, and MLI. MLPRO also has unsecured loans and subordinated debt ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 345.35 Td (from BAC and an intraday borrowing facility with BANA.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 320.15 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 320.15 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 294.95 Td (MLPRO has been identified as a Solvent ) Tj ET Q q 0 0 0 rg BT 254.19 294.95 Td (W) Tj ET Q q 0 0 0 rg BT 264.13 294.95 Td (ind-Down Subsidiary whose business would be wound down ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 281.75 Td (in an orderly manner outside of any resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 336.95 281.75 Td (The Global Markets business and associated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 268.55 Td (Critical Operations within MLPRO would be part of the orderly wind-down of the Global Markets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 255.35 Td (business. ) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (37) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MERRILL) Tj ET Q q 0 0 0 rg BT 138.12 710.55 Td ( L) Tj ET Q q 0 0 0 rg BT 149.68 710.55 Td (YNCH CAPIT) Tj ET Q q 0 0 0 rg BT 236.92 710.55 Td (AL) Tj ET Q q 0 0 0 rg BT 255.59 710.55 Td ( SER) Tj ET Q q 0 0 0 rg BT 285.83 710.55 Td (VICES, INC.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 662.15 Td (ynch Capital Services, Inc. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 243.40 662.15 Td (is a provisionally-registered U.S. swaps dealer) Tj ET Q q 0 0 0 rg BT 447.15 662.15 Td (. It provides ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (derivative financial products, including interest rate, currency and commodity swaps, caps and floors, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (currency options, and credit derivatives through the Global Markets business. In addition, MLCS ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (maintains positions in interest-bearing securities, financial futures, and forward contracts. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 598.35 Td (MLCS) Tj ET Q q 0 0 0 rg BT 105.01 598.35 Td (s significant assets and liabilities include tradingassets and liabilities, primarily related to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.15 Td (derivatives activity within the Rates, Municipals, and Commodities business lines. ) Tj ET Q q 0 0 0 rg BT 439.84 585.15 Td (Also included are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (receivables from and payables to af) Tj ET Q q 0 0 0 rg BT 227.87 571.95 Td (filiated companies, and long-term borrowings, which include certain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.75 Td (prepaid commodity natural gas supply contracts and fully-funded commodity contracts entered into under ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.55 Td (facility agreements. MLCS) Tj ET Q q 0 0 0 rg BT 197.25 545.55 Td (s earnings are impacted by realized and unrealized gains and losses on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 532.35 Td (trading assets and liabilities, as well as net interest income earned.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 507.15 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 507.15 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 507.15 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 507.15 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 482.95 Td (MLCS) Tj ET Q q 0 0 0 rg BT 105.01 482.95 Td (s primary source of funding is a senior unsecured borrowing facility from BAC. ) Tj ET Q q 0 0 0 rg BT 461.93 482.95 Td (Through a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 469.75 Td (wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 182.80 469.75 Td (, MLCS also executes certain structured transactions which generate funding. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 445.55 Td (Its capital resources are primarily comprised of common stock held by its parent, NB, and retained ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 432.35 Td (earnings. In addition, MLCS is a net borrower of general intercompany loans.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 408.15 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 408.15 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 408.15 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 383.95 Td (Through intermediate holding companies, MLCS) Tj ET Q q 0 0 0 rg BT 292.27 383.95 Td (s equity funding is provided by BAC. MLCS also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 370.75 Td (maintains a senior unsecured borrowing facility with BAC. Other forms of financial interconnectedness ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 357.55 Td (primarily include repurchase agreements and derivatives. Repurchase agreements are utilized to source ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 344.35 Td (collateral for business activities, while derivatives with af) Tj ET Q q 0 0 0 rg BT 325.33 344.35 Td (filiates are primarily transacted to manage risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 331.15 Td (resulting from customer activity) Tj ET Q q 0 0 0 rg BT 212.72 331.15 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 305.95 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 305.95 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 281.75 Td (MLCS has been identified as a Solvent ) Tj ET Q q 0 0 0 rg BT 246.24 281.75 Td (W) Tj ET Q q 0 0 0 rg BT 256.19 281.75 Td (ind-Down Subsidiary and would be wound down in a solvent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 268.55 Td (manner outside of any resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 280.75 268.55 Td (The Global Markets business and associated Critical ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 255.35 Td (Operations within MLCS would be part of the orderly wind-down of the Global Markets business. ) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (38) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MERRILL) Tj ET Q q 0 0 0 rg BT 138.12 710.55 Td ( L) Tj ET Q q 0 0 0 rg BT 149.68 710.55 Td (YNCH INTERNA) Tj ET Q q 0 0 0 rg BT 257.92 710.55 Td (TIONAL) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 662.15 Td (ynch International ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 206.13 662.15 Td (is a) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 221.10 662.15 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 223.85 662.15 Td (regulated international broker) Tj ET Q q 0 0 0 rg BT 354.35 662.15 Td (-dealer) Tj ET Q q 0 0 0 rg BT 384.44 662.15 Td (, located in the U.K., providing a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (wide range of financial services. It supports various Global Banking and Global Markets businesses ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (including investment banking activities, international debt and equity underwriting, and mer) Tj ET Q q 0 0 0 rg BT 477.48 635.75 Td (gers and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (acquisitions. MLI conducts trading activities in the international equity markets, and Euro debt and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (money markets. In addition, MLI provides market-making, financing, securities clearing, settlement and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (custody services globally to institutional investor clients in support of their investing and trading ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.95 Td (activities.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 555.75 Td (MLI) Tj ET Q q 0 0 0 rg BT 95.22 555.75 Td (s significant assets and liabilities include securities financing transactions to accommodate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 542.55 Td (customers, earn interest rate spreads, or obtain securities for settlement and financing of inventory ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 529.35 Td (positions. Other significant assets and liabilities include trading assets and liabilities, primarily European ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 516.15 Td (and supranational bond holdings and equities inventory) Tj ET Q q 0 0 0 rg BT 315.07 516.15 Td (, and broker) Tj ET Q q 0 0 0 rg BT 367.69 516.15 Td (-dealer and customer receivables and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 502.95 Td (payables. MLI holds a material liquidity portfolio under the management of Corporate ) Tj ET Q q 0 0 0 rg BT 457.31 502.95 Td (T) Tj ET Q q 0 0 0 rg BT 463.64 502.95 Td (reasury to satisfy ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 489.75 Td (contingent liquidity requirements. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 462.55 Td (MLI) Tj ET Q q 0 0 0 rg BT 95.22 462.55 Td (s primary source of revenue is sales and trading revenue within Global Markets. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 439.35 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 439.35 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 439.35 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 439.35 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 415.15 Td (Wholesale secured funding, capital, and intercompany unsecured debt serve as the primary source of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 401.95 Td (funds. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 378.75 Td (Its capital resources consist primarily of ordinary share capital, share premium, capital contribution, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 365.55 Td (retained earnings. In addition, MLI issues subordinated debt to af) Tj ET Q q 0 0 0 rg BT 362.01 365.55 Td (filiates, which is recognized as capital.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 342.35 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 342.35 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 342.35 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 318.15 Td (MLI is financially interconnected to certain Material Entities, primarily because of secured borrowing and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 304.95 Td (lending activity \(including repurchase and reverse repurchase agreements\). MLI is also financially ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 291.75 Td (connected to several af) Tj ET Q q 0 0 0 rg BT 172.89 291.75 Td (filiates through the intra-group borrowings, derivative relationships with other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 278.55 Td (af) Tj ET Q q 0 0 0 rg BT 80.35 278.55 Td (filiates, and an uncommitted unsecured line of credit from BAC.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 254.35 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 254.35 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 230.15 Td (MLI has been identified as a Solvent ) Tj ET Q q 0 0 0 rg BT 236.45 230.15 Td (W) Tj ET Q q 0 0 0 rg BT 246.39 230.15 Td (ind-Down Subsidiary and would be wound down in a solvent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 216.95 Td (manner outside of any resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 280.75 216.95 Td (The Global Markets business and associated Critical ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 203.75 Td (Operations within MLI would be part of the orderly wind-down of the Global Markets business. ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (39) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MERRILL) Tj ET Q q 0 0 0 rg BT 138.12 710.55 Td ( L) Tj ET Q q 0 0 0 rg BT 149.68 710.55 Td (YNCH JAP) Tj ET Q q 0 0 0 rg BT 219.02 710.55 Td (AN SECURITIES CO., L) Tj ET Q q 0 0 0 rg BT 370.61 710.55 Td (TD.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 662.15 Td (ynch Japan Securities Co., Ltd. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 265.41 662.15 Td (is a broker) Tj ET Q q 0 0 0 rg BT 311.62 662.15 Td (-dealer located in Japan. MLJS provides ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (investment, financing and related services to corporate and institutional clients in Japan through the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (Global Banking and Global Markets businesses. ) Tj ET Q q 0 0 0 rg BT 289.33 635.75 Td (These services include securities brokerage, dealing, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (underwriting, and clearance; investment banking and other corporate finance advisory activities; and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (trading of futures and other derivatives.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.15 Td (MLJS) Tj ET Q q 0 0 0 rg BT 101.95 585.15 Td (s significant assets and liabilities include trading assets and liabilities \(primarily Japanese ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (government bonds\), repurchase and reverse repurchase agreements \(collateralized mainly by Japanese ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.75 Td (government bonds\), stock borrowing and lending arrangements, and derivatives. MLJS earns trading ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.55 Td (revenue related to market making in fixed income, equity securities, and related derivatives. Other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 532.35 Td (revenue sources include equities brokerage commissions, service fee income earned from af) Tj ET Q q 0 0 0 rg BT 476.80 532.35 Td (filiates for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 519.15 Td (intermediation of securities / derivatives transactions, and investment banking fees related to underwriting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 505.95 Td (and mer) Tj ET Q q 0 0 0 rg BT 107.54 505.95 Td (ger and acquisition advisory services. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 479.55 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 479.55 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 479.55 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 479.55 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 455.35 Td (MLJS is primarily funded via wholesale fixed income and equity secured financing. BAC acts as a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 442.15 Td (source of unsecured funding through subordinated loan agreements and an uncommitted line of credit. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 428.95 Td (MLJS also has the ability to borrow directly from the Bank of Japan on a secured basis.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 404.75 Td (An intraday liquid asset buf) Tj ET Q q 0 0 0 rg BT 194.00 404.75 Td (fer is maintained to support daily settlement activity) Tj ET Q q 0 0 0 rg BT 422.70 404.75 Td (. ) Tj ET Q q 0 0 0 rg BT 430.75 404.75 Td (The MLJS liquid asset ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 391.55 Td (buf) Tj ET Q q 0 0 0 rg BT 86.46 391.55 Td (fer can be comprised of a combination of cash, Japanese ) Tj ET Q q 0 0 0 rg BT 337.03 391.55 Td (T) Tj ET Q q 0 0 0 rg BT 342.74 391.55 Td (-bills and Japanese government bonds.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 367.35 Td (Its capital resources consist primarily of ordinary share capital, share premium, capital contributions and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 354.15 Td (retained earnings. In addition, MLJS issues subordinated debt to af) Tj ET Q q 0 0 0 rg BT 368.74 354.15 Td (filiates, which is recognized as capital. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 329.95 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 329.95 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 329.95 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 305.75 Td (MLJS is financially interconnected to certain Material Entities including BAC, BANA, MLPFS, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 292.55 Td (MLI. MLJS) Tj ET Q q 0 0 0 rg BT 130.37 292.55 Td (s financial interconnectedness is primarily because of reverse repo and securities borrowed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 279.35 Td (with MLI; repo and securities lending with MLPFS and MLI; and derivatives transactions with MLI and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 266.15 Td (BANA. MLJS also has subordinated debt and intercompany borrowings from BAC.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 240.95 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 240.95 Td (TEGY) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 216.75 Td (MLJS has been identified as a Solvent ) Tj ET Q q 0 0 0 rg BT 243.19 216.75 Td (W) Tj ET Q q 0 0 0 rg BT 253.13 216.75 Td (ind-Down Subsidiary and would be wound down in a solvent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 203.55 Td (manner outside of any resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 280.75 203.55 Td (The Global Markets business and associated Critical ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 190.35 Td (Operations within MLJS would be part of the orderly wind-down of the Global Markets business. ) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (40) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (PREFERRED SER) Tj ET Q q 0 0 0 rg BT 187.80 710.55 Td (VICE PROVIDERS ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (FINANCIALS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (The following table presents selected Consolidated Balance Sheet line items as of December 31, 2014, for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (the Company) Tj ET Q q 0 0 0 rg BT 134.02 648.95 Td (s Material Entities that operate as Preferred Service Providers \(in addition to BANA) Tj ET Q q 0 0 0 rg BT 503.64 648.95 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (BAMLI\). ) Tj ET Q q 0 0 0 rg BT 119.16 635.75 Td (The information below is unaudited, based on internal general ledger data, does not reflect ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (certain post-closing and re-class entries made as part of the regulatory filings \(if applicable\), and includes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (transactions with af) Tj ET Q q 0 0 0 rg BT 157.94 609.35 Td (filiates.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 556.85 m 378.5 556.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 556.85 m 432.5 556.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 556.85 m 486.5 556.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 556.85 m 540.5 556.85 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.00 589.53 Td (Selected Balance Sheet Line Items as of December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.00 561.08 Td (\(Dollars in millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.70 561.30 Td (MLGS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.70 561.30 Td (BACI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.45 561.30 Td (FDS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.50 561.30 Td (MAA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 547.30 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 533.31 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 533.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 533.31 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.00 533.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 533.31 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 533.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 533.31 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 533.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 533.31 Td (67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 519.31 Td (Time deposits placed and other short-term investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 519.31 Td (27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.50 519.31 Td (291) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 519.31 Td (351) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 519.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 505.31 Td (Customer and other receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 505.31 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 505.31 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 505.31 Td (35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 505.31 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 491.31 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 491.31 Td (81) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.50 491.31 Td (378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 491.31 Td (399) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 491.31 Td (89) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 477.30 Td (Liabilities and shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 463.31 Td (Accrued expenses and other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.00 463.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 463.31 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.00 463.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 463.31 Td (34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 463.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 463.31 Td (244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 463.31 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 463.31 Td (37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 449.31 Td (Total liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 449.31 Td (22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 449.31 Td (35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 449.31 Td (244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 449.31 Td (65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 435.31 Td (Shareholders equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 435.31 Td (59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.50 435.31 Td (343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 435.31 Td (155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 435.31 Td (24) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (41) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 712.60 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 190.66 712.60 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 233.45 712.60 Td ( INTERCONNECTEDNESS: PREFERRED SER) Tj ET Q q 0 0 0 rg BT 466.24 712.60 Td (VICE ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 699.40 Td (PROVIDERS) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 673.00 Td (In order to ensure Core Business Lines and Critical Operations are able to continue to operate without ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 659.80 Td (interruption during a resolution scenario, Material Entities must have appropriate access to critical ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 646.60 Td (services \() Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.84 646.60 Td (e.g., personnel, applications, vendors, real estate, and FMUs\) ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 385.41 646.60 Td (provided by other legal entities. ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 633.40 Td (Bank of ) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 109.28 633.40 Td (America aligned critical services to key operating entities to ensure continuity of services and ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 620.20 Td (reduce operational interconnectedness in a resolution. ) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 313.71 620.20 Td (The key operating entities providing resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 607.00 Td (critical services are as follows:BANA, BAMLI, MLGS, FDS, MAA, and BACI, and are considered the ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 593.80 Td (Preferred Service Providers. For each of the Material Entities with business operations, the vast ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 580.60 Td (majority of their critical services are provided by the Preferred Service Providers. ) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 435.89 580.60 Td (Those critical services ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 567.40 Td (provided outside of Preferred Service Providers are analyzed to determine whether such services are ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 554.20 Td (either immaterial or substitutable in the event of a resolution, or whether they should be evaluated further ) Tj ET Q BT /F1 11.00 Tf ET q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 541.00 Td (for realignment to a Preferred Service Provider) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 278.48 541.00 Td (.) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 514.60 Td (RESOLUTION STRA) Tj ET Q q 0 0 0 rg BT 176.63 514.60 Td (TEGY) Tj ET Q q 0 0 0 rg BT 207.39 514.60 Td ( FOR PREFERRED SER) Tj ET Q q 0 0 0 rg BT 327.10 514.60 Td (VICE PROVIDERS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 490.40 Td (Preferred Service Providers deliver services to other Material Entities. Bank of ) Tj ET Q q 0 0 0 rg BT 423.58 490.40 Td (America) Tj ET Q q 0 0 0 rg BT 464.50 490.40 Td (s preferred ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 477.20 Td (resolution strategy separates Material Entities that would continue to operate as Continuing Subsidiaries ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 464.00 Td (from the Solvent ) Tj ET Q q 0 0 0 rg BT 148.48 464.00 Td (W) Tj ET Q q 0 0 0 rg BT 158.43 464.00 Td (ind-Down Subsidiaries, which would be wound-down in a solvent manner outside of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 450.80 Td (any resolution proceedings. ) Tj ET Q q 0 0 0 rg BT 198.58 450.80 Td (The preferred resolution strategy for MLGS, BACI, FDS, and MAA) Tj ET Q q 0 0 0 rg BT 498.58 450.80 Td ( provides ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 437.60 Td (that these entities would continue operating outside of resolution proceedings as Continuing Subsidiaries ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 424.40 Td (and would provide support indefinitely to the other Continuing Subsidiaries and the Solvent ) Tj ET Q q 0 0 0 rg BT 479.05 424.40 Td (W) Tj ET Q q 0 0 0 rg BT 489.00 424.40 Td (ind-Down ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 411.20 Td (Subsidiaries. ) Tj ET Q q 0 0 0 rg BT 133.83 411.20 Td (T) Tj ET Q q 0 0 0 rg BT 139.78 411.20 Td (o enable this, the Preferred Service Providers are primarily equity-funded and hold ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 398.00 Td (suf) Tj ET Q q 0 0 0 rg BT 85.25 398.00 Td (ficient liquidity to support operations for an extended period of time. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 373.80 Td (Please reference the Introduction and Overview of Resolution Strategy section in this document for) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 360.60 Td (further information related to the strategy and continuity of Core Business Lines and Critical Operations.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 336.40 Td (The following represents a specific discussion of the operations of each of the Preferred Service ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 323.20 Td (Providers, including background information, capital and funding resources, and financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 310.00 Td (interconnectedness.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (42) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MERRILL) Tj ET Q q 0 0 0 rg BT 138.12 710.55 Td ( L) Tj ET Q q 0 0 0 rg BT 149.68 710.55 Td (YNCH GLOBAL) Tj ET Q q 0 0 0 rg BT 253.53 710.55 Td ( SER) Tj ET Q q 0 0 0 rg BT 283.77 710.55 Td (VICES PTE. L) Tj ET Q q 0 0 0 rg BT 372.34 710.55 Td (TD.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Merrill L) Tj ET Q q 0 0 0 rg BT 115.68 662.15 Td (ynch Global Services Pte. Ltd. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 260.20 662.15 Td (is located in Singapore. MLGS provides operational support ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (primarily for the businesses within Global Markets and Global Banking. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 624.75 Td (MLGS) Tj ET Q q 0 0 0 rg BT 105.62 624.75 Td (s significant assets are comprised of cash and cash equivalents, receivables from af) Tj ET Q q 0 0 0 rg BT 470.42 624.75 Td (filiated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 611.55 Td (companies, and fixed assets. Significant liabilities include accrued expenses related to incentive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 598.35 Td (compensation and rent. ) Tj ET Q q 0 0 0 rg BT 179.63 598.35 Td (The primary source of revenue is service fee income earned from af) Tj ET Q q 0 0 0 rg BT 477.81 598.35 Td (filiates for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.15 Td (support services provided.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 560.95 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 560.95 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 560.95 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 560.95 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 536.75 Td (MLGS is primarily equity-funded and produces service fee income, which supports its operations. Excess ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 523.55 Td (liquidity is held in the form of cash.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 499.35 Td (Its capital resources consist of common stock and retained earnings.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 475.15 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 475.15 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 475.15 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 450.95 Td (MLGS) Tj ET Q q 0 0 0 rg BT 105.62 450.95 Td (s equity funding is primarily derived from retained earnings, and it receives service fees from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 437.75 Td (certain Material Entities to which it provides services, primarily from BANA, MLPFS, MLI, BAC, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 424.55 Td (MLJS. ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (43) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (BA) Tj ET Q q 0 0 0 rg BT 90.68 710.55 Td ( CONTINUUM INDIA) Tj ET Q q 0 0 0 rg BT 227.57 710.55 Td ( PRIV) Tj ET Q q 0 0 0 rg BT 263.49 710.55 Td (A) Tj ET Q q 0 0 0 rg BT 272.56 710.55 Td (TE LIMITED) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (BA) Tj ET Q q 0 0 0 rg BT 86.67 662.15 Td ( Continuum India Private Limited ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 250.77 662.15 Td (is located in India. BACI of) Tj ET Q q 0 0 0 rg BT 375.52 662.15 Td (fers a 24-hour service model to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (provide back-of) Tj ET Q q 0 0 0 rg BT 141.74 648.95 Td (fice technology support, as well as transactional and operational support to various Core ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (Business Lines and Critical Operations. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 611.55 Td (BACI) Tj ET Q q 0 0 0 rg BT 101.34 611.55 Td (s significant assets consist of time deposits placed with BANA) Tj ET Q q 0 0 0 rg BT 376.61 611.55 Td ( and fixed assets. Significant ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 598.35 Td (liabilities consist of accrued expenses and other operating liabilities. BACI is a service provider for the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.15 Td (Company) Tj ET Q q 0 0 0 rg BT 114.06 585.15 Td (, and it earns service fee income from af) Tj ET Q q 0 0 0 rg BT 290.69 585.15 Td (filiates. BACI) Tj ET Q q 0 0 0 rg BT 358.21 585.15 Td (s operating expenses are primarily ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (personnel-related expenses.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 540.75 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 540.75 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 540.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 540.75 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 516.55 Td (BACI is primarily equity-funded and produces service fee income, which supports its operations. Excess ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 503.35 Td (liquidity is held in the form of cash.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 479.15 Td (Its capital resources consist of common stock and retained earnings.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 452.75 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 452.75 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 452.75 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 428.55 Td (BACI) Tj ET Q q 0 0 0 rg BT 101.34 428.55 Td (s equity funding is provided by its parent, and it receives service fees from certain Material Entities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 415.35 Td (to which it provides services, primarily from BANA, MLPFS, BANA-L, and MLI. BACI places its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 402.15 Td (excess cash on deposit with BANA.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (44) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 150.57 710.55 Td ( DA) Tj ET Q q 0 0 0 rg BT 173.25 710.55 Td (T) Tj ET Q q 0 0 0 rg BT 181.55 710.55 Td (A) Tj ET Q q 0 0 0 rg BT 190.88 710.55 Td ( SER) Tj ET Q q 0 0 0 rg BT 221.13 710.55 Td (VICES, INC.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Financial Data Services, Inc. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 208.88 662.15 Td (is located in the United States.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 342.68 662.15 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 348.18 662.15 Td (Services provided by FDS include sub-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (accounting, clearance, settlement, asset servicing, and transfer agent functions for products sold ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (predominantly through GWIM. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 611.55 Td (FDS) Tj ET Q q 0 0 0 rg BT 95.24 611.55 Td (s significant assets include excess liquidity from operations in the form of time deposits placed, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 598.35 Td (while significant liabilities include income taxes payable. FDS is a service provider; it generates revenue ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 585.15 Td (through ongoing fee income from af) Tj ET Q q 0 0 0 rg BT 231.56 585.15 Td (filiates and sub-accounting revenue received from mutual funds, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 571.95 Td (alternative investments, and other product lines.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 545.55 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 545.55 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 545.55 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 545.55 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 519.15 Td (FDS is primarily equity-funded and produces service fee income, which supports its operations. Excess ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 505.95 Td (liquidity is held in the form of cash.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (Its capital resources consist of common stock held by its parent, BANA, and retained earnings.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 457.55 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 457.55 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 457.55 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 433.35 Td (FDS) Tj ET Q q 0 0 0 rg BT 95.24 433.35 Td (s equity funding is provided by its parent, and it receives service fees from certain Material Entities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 420.15 Td (to which it provides services. FDS places its excess cash on deposit with BANA.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (45) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (MANAGED ) Tj ET Q q 0 0 0 rg BT 148.61 710.55 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 219.14 710.55 Td ( ) Tj ET Q q 0 0 0 rg BT 221.86 710.55 Td (ADVISORS LLC) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (BACKGROUND INFORMA) Tj ET Q q 0 0 0 rg BT 208.37 686.35 Td (TION) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (Managed ) Tj ET Q q 0 0 0 rg BT 118.14 662.15 Td (Account ) Tj ET Q q 0 0 0 rg BT 159.39 662.15 Td (Advisors LLC ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 229.07 662.15 Td (is located in the United States. MAA) Tj ET Q q 0 0 0 rg BT 393.44 662.15 Td ( serves as a registered ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (investment advisor that provides overlay portfolio management for GWIM clients. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 624.75 Td (MAA) Tj ET Q q 0 0 0 rg BT 96.45 624.75 Td () Tj ET Q q 0 0 0 rg BT 99.51 624.75 Td (s significant assets include cash and intercompany receivables. Income taxes payable and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 611.55 Td (intercompany payables comprise the majority of MAA) Tj ET Q q 0 0 0 rg BT 312.10 611.55 Td () Tj ET Q q 0 0 0 rg BT 315.16 611.55 Td (s significant liabilities. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 587.35 Td (Significant sources of revenue include third-party manager fees collected from customers and fees for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 574.15 Td (services performed for af) Tj ET Q q 0 0 0 rg BT 182.66 574.15 Td (filiates.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 549.95 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 105.41 549.95 Td (AL) Tj ET Q q 0 0 0 rg BT 120.08 549.95 Td ( ) Tj ET Q q 0 0 0 rg BT 122.23 549.95 Td (AND FUNDING RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 525.75 Td (MAA) Tj ET Q q 0 0 0 rg BT 97.06 525.75 Td ( is primarily equity-funded and produces service fee income, which supports its operations. Excess ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 512.55 Td (liquidity is held in the form of cash.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 488.35 Td (Its capital resources include capital share premium and retained earnings.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 464.15 Td (INTRA-GROUP) Tj ET Q q 0 0 0 rg BT 150.22 464.15 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 214.70 464.15 Td ( INTERCONNECTEDNESS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 439.95 Td (MAA) Tj ET Q q 0 0 0 rg BT 96.45 439.95 Td () Tj ET Q q 0 0 0 rg BT 99.51 439.95 Td (s equity funding is provided by its parent, and it receives service fees from certain Material Entities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 426.75 Td (to which it provides services. MAA) Tj ET Q q 0 0 0 rg BT 231.17 426.75 Td ( places its excess cash on deposit with BANA.) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (46) Tj ET Q BT /F2 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 /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (Derivatives are entered into on behalf of customers, for trading or to support risk management activities. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.15 Td (Derivatives used in risk management activities include derivatives that are both designated in qualifying ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.95 Td (accounting hedge relationships and derivatives used to hedge market risks in relationships that are not ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.75 Td (designated in qualifying accounting hedge relationships \(referred to as other risk management activities\). ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.75 Td (Derivatives utilized by the Company include swaps, financial futures and forward settlement contracts, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.55 Td (and option contracts. ) Tj ET Q q 0 0 0 rg BT 168.84 609.55 Td (A) Tj ET Q q 0 0 0 rg BT 176.18 609.55 Td ( swap agreement is a contract between two parties to exchange cash flows based ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.35 Td (on specified underlying notional amounts, assets and / or indices. Financial futures and forward ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 583.15 Td (settlement contracts are agreements to buy or sell a quantity of a financial instrument \(including another ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.95 Td (derivative financial instrument\), index, currency or commodity at a predetermined rate or price during a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.75 Td (period or at a date in the future. Option agreements can be transacted on or) Tj ET Q q 0 0 0 rg BT 403.50 556.75 Td (ganized exchanges or directly ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 543.55 Td (between parties.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 517.15 Td (All derivatives are recorded on the Consolidated Balance Sheet at fair value, taking into consideration the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 503.95 Td (ef) Tj ET Q q 0 0 0 rg BT 80.35 503.95 Td (fects of legally enforceable master netting agreements that allow the Company to settle positive and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 490.75 Td (negative positions and of) Tj ET Q q 0 0 0 rg BT 182.09 490.75 Td (fset cash collateral held with the same counterparty on a net basis. For ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 477.55 Td (exchange-traded contracts, fair value is based on quoted market prices in active or inactive markets or is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 464.35 Td (derived from observable market-based pricing parameters, similar to those applied to over) Tj ET Q q 0 0 0 rg BT 468.25 464.35 Td (-the-counter ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 451.15 Td (\(OTC\) derivatives. For non-exchange traded contracts, fair value is based on dealer quotes, pricing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 437.95 Td (models, discounted cash flow methodologies or similar techniques for which the determination of fair ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 424.75 Td (value may require significant management judgment or estimation.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 398.35 Td (V) Tj ET Q q 0 0 0 rg BT 78.72 398.35 Td (aluations ) Tj ET Q q 0 0 0 rg BT 120.49 398.35 Td (of ) Tj ET Q q 0 0 0 rg BT 131.71 398.35 Td (derivative ) Tj ET Q q 0 0 0 rg BT 177.74 398.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 205.46 398.35 Td (and ) Tj ET Q q 0 0 0 rg BT 223.40 398.35 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 266.39 398.35 Td (reflect ) Tj ET Q q 0 0 0 rg BT 296.53 398.35 Td (the ) Tj ET Q q 0 0 0 rg BT 312.03 398.35 Td (value ) Tj ET Q q 0 0 0 rg BT 337.90 398.35 Td (of ) Tj ET Q q 0 0 0 rg BT 349.12 398.35 Td (the ) Tj ET Q q 0 0 0 rg BT 364.61 398.35 Td (instrument ) Tj ET Q q 0 0 0 rg BT 413.72 398.35 Td (including ) Tj ET Q q 0 0 0 rg BT 457.32 398.35 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 514.96 398.35 Td (credit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 385.15 Td (risk. ) Tj ET Q q 0 0 0 rg BT 93.80 385.15 Td (These ) Tj ET Q q 0 0 0 rg BT 122.82 385.15 Td (values ) Tj ET Q q 0 0 0 rg BT 153.67 385.15 Td (also ) Tj ET Q q 0 0 0 rg BT 174.14 385.15 Td (take ) Tj ET Q q 0 0 0 rg BT 195.21 385.15 Td (into ) Tj ET Q q 0 0 0 rg BT 215.07 385.15 Td (account ) Tj ET Q q 0 0 0 rg BT 252.02 385.15 Td (the ) Tj ET Q q 0 0 0 rg BT 268.21 385.15 Td (Company) Tj ET Q q 0 0 0 rg BT 314.04 385.15 Td (s ) Tj ET Q q 0 0 0 rg BT 321.07 385.15 Td (own ) Tj ET Q q 0 0 0 rg BT 342.77 385.15 Td (credit ) Tj ET Q q 0 0 0 rg BT 370.56 385.15 Td (standing.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 358.95 Td (TRADING DERIV) Tj ET Q q 0 0 0 rg BT 160.73 358.95 Td (A) Tj ET Q q 0 0 0 rg BT 167.86 358.95 Td (TIVES ) Tj ET Q q 0 0 0 rg BT 203.02 358.95 Td (AND OTHER RISK MANAGEMENT) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 332.75 Td (Derivatives held for trading purposes are included in derivative assets or derivative liabilities on the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 319.55 Td (Consolidated Balance Sheet with changes in fair value included in trading account profits.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 293.15 Td (Derivatives used for other risk management activities are included in derivative assets or derivative ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 279.95 Td (liabilities. Derivatives used in other risk management activities have not been designated in a qualifying ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 266.75 Td (accounting hedge relationship because they did not qualify or the risk that is being mitigated pertains to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 253.55 Td (an item that is reported at fair value through earnings so that the ef) Tj ET Q q 0 0 0 rg BT 364.73 253.55 Td (fect of measuring the derivative ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 240.35 Td (instrument and the asset or liability to which the risk exposure pertains will of) Tj ET Q q 0 0 0 rg BT 414.87 240.35 Td (fset in the Consolidated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 227.15 Td (Statement of Income to the extent ef) Tj ET Q q 0 0 0 rg BT 231.85 227.15 Td (fective. ) Tj ET Q q 0 0 0 rg BT 269.83 227.15 Td (The changes in the fair value of derivatives that serve to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 213.95 Td (mitigate certain risks associated with mortgage servicing rights \(MSRs\), interest rate lock commitments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 200.75 Td (\(IRLCs\) and first mortgage loans held-for) Tj ET Q q 0 0 0 rg BT 265.75 200.75 Td (-sale \(LHFS\) that are originated by the Company are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 187.55 Td (recorded in mortgage banking income. Changes in the fair value of derivatives that serve to mitigate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 174.35 Td (interest rate risk and foreign currency risk are included in other income \(loss\). Credit derivatives are also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 161.15 Td (used by the Company to mitigate the risk associated with various credit exposures. ) Tj ET Q q 0 0 0 rg BT 438.39 161.15 Td (The changes in the fair ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 147.95 Td (value of these derivatives are included in other income \(loss\).) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (47) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (DERIV) Tj ET Q q 0 0 0 rg BT 106.03 712.60 Td (A) Tj ET Q q 0 0 0 rg BT 113.16 712.60 Td (TIVES USED FOR HEDGE ) Tj ET Q q 0 0 0 rg BT 248.86 712.60 Td (ACCOUNTING PURPOSES \(ACCOUNTING HEDGES\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.20 Td (For accounting hedges, the Company formally documents at inception all relationships between hedging ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.00 Td (instruments and hedged items, as well as the risk management objectives and strategies for undertaking ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (various accounting hedges. ) Tj ET Q q 0 0 0 rg BT 196.33 659.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 251.22 659.80 Td (, the Company primarily uses regression analysis at the inception ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.60 Td (of a hedge and for each reporting period thereafter to assess whether the derivative used in a hedging ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.40 Td (transaction is expected to be and has been highly ef) Tj ET Q q 0 0 0 rg BT 298.14 633.40 Td (fective in of) Tj ET Q q 0 0 0 rg BT 351.08 633.40 Td (fsetting changes in the fair value or cash ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.20 Td (flows of a hedged item or forecasted transaction. ) Tj ET Q q 0 0 0 rg BT 291.72 620.20 Td (The Company discontinues hedge accounting when it is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 607.00 Td (determined that a derivative is not expected to be or has ceased to be highly ef) Tj ET Q q 0 0 0 rg BT 416.03 607.00 Td (fective as a hedge, and then ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 593.80 Td (reflects changes in fair value of the derivative in earnings after termination of the hedge relationship.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 567.40 Td (The Company uses its accounting hedges as either fair value hedges, cash flow hedges or hedges of net ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 554.20 Td (investments in foreign operations. ) Tj ET Q q 0 0 0 rg BT 226.99 554.20 Td (The Company manages interest rate and foreign currency exchange ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 541.00 Td (rate sensitivity predominantly through the use of derivatives. Fair value hedges are used to protect against ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 527.80 Td (changes in the fair value of the Company) Tj ET Q q 0 0 0 rg BT 256.19 527.80 Td (s assets and liabilities that are attributable to interest rate or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 514.60 Td (foreign exchange volatility) Tj ET Q q 0 0 0 rg BT 189.80 514.60 Td (. Cash flow hedges are used primarily to minimize the variability in cash flows ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 501.40 Td (of assets or liabilities, or forecasted transactions caused by interest rate or foreign exchange fluctuations. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 488.20 Td (For terminated cash flow hedges, the maximum length of time over which forecasted transactions are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 475.00 Td (hedged is approximately 25 years, with a substantial portion of the hedged transactions being less than 10 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 461.80 Td (years. For open or future cash flow hedges, the maximum length of time over which forecasted ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 448.60 Td (transactions are or will be hedged is less than seven years.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 422.20 Td (Changes in the fair value of derivatives designated as fair value hedges are recorded in earnings, together ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 409.00 Td (and in the same income statement line item with changes in the fair value of the related hedged item. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 395.80 Td (Changes in the fair value of derivatives designated as cash flow hedges are recorded in accumulated other ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 382.60 Td (comprehensive income \(OCI\) and are reclassified into the line item in the income statement in which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 369.40 Td (the hedged item is recorded in the same period the hedged item af) Tj ET Q q 0 0 0 rg BT 361.36 369.40 Td (fects earnings. Hedge inef) Tj ET Q q 0 0 0 rg BT 476.00 369.40 Td (fectiveness ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 356.20 Td (and gains and losses on the excluded component of a derivative in assessing hedge ef) Tj ET Q q 0 0 0 rg BT 446.92 356.20 Td (fectiveness are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 343.00 Td (recorded in earnings in the same income statement line item. ) Tj ET Q q 0 0 0 rg BT 344.27 343.00 Td (The Company records changes in the fair ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 329.80 Td (value of derivatives used as hedges of the net investment in foreign operations, to the extent ef) Tj ET Q q 0 0 0 rg BT 487.53 329.80 Td (fective, as a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 316.60 Td (component of accumulated OCI.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 290.20 Td (If a derivative instrument in a fair value hedge is terminated or the hedge designation removed, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 277.00 Td (previous adjustments to the carrying value of the hedged asset or liability are subsequently accounted for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 263.80 Td (in the same manner as other components of the carrying value of that asset or liability) Tj ET Q q 0 0 0 rg BT 448.53 263.80 Td (. For interest-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 250.60 Td (earning assets and interest-bearing liabilities, such adjustments are amortized to earnings over the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 237.40 Td (remaining life of the respective asset or liability) Tj ET Q q 0 0 0 rg BT 281.74 237.40 Td (. If a derivative instrument in a cash flow hedge is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 224.20 Td (terminated or the hedge designation is removed, related amounts in accumulated OCI are reclassified into ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 211.00 Td (earnings in the same period or periods during which the hedged forecasted transaction af) Tj ET Q q 0 0 0 rg BT 461.86 211.00 Td (fects earnings. If ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 197.80 Td (it becomes probable that a forecasted transaction will not occur) Tj ET Q q 0 0 0 rg BT 349.81 197.80 Td (, any related amounts in accumulated OCI ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 184.60 Td (are reclassified into earnings in that period.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 158.20 Td (The following tables present derivative instruments included on the Consolidated Balance Sheet in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 145.00 Td (derivative assets and liabilities at December 31, 2014 and 2013. Balances are presented on a gross basis, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 131.80 Td (prior to the application of counterparty and cash collateral netting. ) Tj ET Q q 0 0 0 rg BT 365.94 131.80 Td (T) Tj ET Q q 0 0 0 rg BT 371.90 131.80 Td (otal derivative assets and liabilities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 118.60 Td (are adjusted on an aggregate basis to take into consideration the ef) Tj ET Q q 0 0 0 rg BT 363.50 118.60 Td (fects of legally enforceable master ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 105.40 Td (netting agreements and have been reduced by the cash collateral received or paid.) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (48) Tj ET Q BT /F2 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 Derivative Balances) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 693.40 Td (\($ billions\) ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 668.9 m 297.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 668.9 m 352.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 668.9 m 387.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 668.9 m 450.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 668.9 m 505.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 668.9 m 540.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 653.9 m 297.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 653.9 m 352.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 653.9 m 387.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 653.9 m 450.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 653.9 m 505.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 653.9 m 540.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 588.9 m 234.5 588.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 588.9 m 297.5 588.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 588.9 m 352.5 588.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 588.9 m 387.5 588.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 588.9 m 450.5 588.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 588.9 m 505.5 588.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 588.9 m 540.5 588.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 574.9 m 234.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 574.9 m 297.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 574.9 m 352.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 574.9 m 387.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 574.9 m 450.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 574.9 m 505.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 574.9 m 540.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 183.89999999999998 m 179.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 183.89999999999998 m 234.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 183.89999999999998 m 297.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 183.89999999999998 m 352.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 183.89999999999998 m 387.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 183.89999999999998 m 450.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 183.89999999999998 m 505.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 183.89999999999998 m 540.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 114.89999999999998 m 179.5 114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 114.89999999999998 m 234.5 114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 114.89999999999998 m 297.5 114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 114.89999999999998 m 352.5 114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 114.89999999999998 m 387.5 114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 114.89999999999998 m 450.5 114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 114.89999999999998 m 505.5 114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 114.89999999999998 m 540.5 114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 91.89999999999998 m 179.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 91.89999999999998 m 234.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 91.89999999999998 m 297.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 91.89999999999998 m 352.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 91.89999999999998 m 387.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 91.89999999999998 m 450.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 91.89999999999998 m 505.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 91.89999999999998 m 540.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 68.89999999999998 m 179.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 68.89999999999998 m 234.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 68.89999999999998 m 297.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 68.89999999999998 m 352.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 68.89999999999998 m 387.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 68.89999999999998 m 450.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 68.89999999999998 m 505.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 68.89999999999998 m 540.5 68.89999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 673.58 Td (December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.30 658.58 Td (Gross Derivative Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.95 658.58 Td (Gross Derivative Liabilities) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 75.00 592.74 Td (\(Dollars in billions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.00 603.58 Td (Contract / ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.00 593.58 Td (Notional ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 221.17 598.11 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 623.58 Td (Trading and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 613.58 Td (Other Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 603.58 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 593.58 Td (Derivatives) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 613.58 Td (Qualifying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 603.58 Td (Accounting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 593.58 Td (Hedges) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 593.58 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 623.58 Td (Trading and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 613.58 Td (Other Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 603.58 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 593.58 Td (Derivatives) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 613.58 Td (Qualifying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 603.58 Td (Accounting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 593.58 Td (Hedges) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 593.58 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 579.35 Td (Interest rate contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 565.36 Td (Swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.00 565.36 Td ($29,445.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 565.36 Td ($658.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 565.36 Td ($8.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 565.36 Td ($667.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 565.36 Td ($658.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.25 565.36 Td ($0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 565.36 Td ($658.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 551.36 Td (Futures and forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.50 551.36 Td (10,159.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 551.36 Td (1.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 551.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 551.36 Td (1.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 551.36 Td (2.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 551.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 551.36 Td (2.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 537.36 Td (Written options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 537.36 Td (1,725.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.50 537.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 537.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 537.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 537.36 Td (85.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 537.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 537.36 Td (85.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 523.36 Td (Purchased options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 523.36 Td (1,739.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 523.36 Td (85.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 523.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 523.36 Td (85.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 523.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 523.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 523.36 Td (_) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 509.35 Td (Foreign exchange) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 500.35 Td (contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 486.36 Td (Swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 486.36 Td (2,159.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 486.36 Td (51.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.75 486.36 Td (0.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 486.36 Td (52.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 486.36 Td (54.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.75 486.36 Td (1.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 486.36 Td (56.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 472.36 Td (Spot, futures and forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 472.36 Td (4,226.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 472.36 Td (68.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.75 472.36 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 472.36 Td (70.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 472.36 Td (72.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.75 472.36 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 472.36 Td (72.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 458.36 Td (Written options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 458.36 Td (600.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.50 458.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 458.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 458.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 458.36 Td (16.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 458.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 458.36 Td (16.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 444.36 Td (Purchased options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 444.36 Td (584.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 444.36 Td (15.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 444.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 444.36 Td (15.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 444.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 444.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 444.36 Td (_) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 430.35 Td (Equity contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 416.36 Td (Swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 416.36 Td (193.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 416.36 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 416.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 416.36 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 416.36 Td (4.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 416.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 416.36 Td (4.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 402.36 Td (Futures and forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 402.36 Td (69.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 402.36 Td (2.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 402.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 402.36 Td (2.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 402.36 Td (1.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 402.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 402.36 Td (1.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 388.36 Td (Written options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 388.36 Td (341.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.50 388.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 388.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 388.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 388.36 Td (26.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 388.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 388.36 Td (26.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 374.36 Td (Purchased options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 374.36 Td (318.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 374.36 Td (27.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 374.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 374.36 Td (27.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 374.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 374.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 374.36 Td (_) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 360.35 Td (Commodity contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 346.36 Td (Swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 346.36 Td (74.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 346.36 Td (5.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 346.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 346.36 Td (5.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 346.36 Td (8.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 346.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 346.36 Td (8.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 332.36 Td (Futures and forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 332.36 Td (376.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 332.36 Td (4.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 332.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 332.36 Td (4.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 332.36 Td (1.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 332.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 332.36 Td (1.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 318.36 Td (Written options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 318.36 Td (129.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.50 318.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 318.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 318.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.55 318.36 Td (11.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 318.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.55 318.36 Td (11.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 304.36 Td (Purchased options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 304.36 Td (141.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 304.36 Td (10.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 304.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 304.36 Td (10.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 304.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 304.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 304.36 Td (_) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 290.35 Td (Credit derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 276.36 Td (Purchased credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 267.36 Td (derivatives:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 253.36 Td (Credit default swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 253.36 Td (1,094.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 253.36 Td (13.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 253.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 253.36 Td (13.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 253.36 Td (23.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 253.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 253.36 Td (23.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 239.36 Td (Total return swaps / other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 239.36 Td (44.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 239.36 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 239.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 239.36 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 239.36 Td (1.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 239.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 239.36 Td (1.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 225.36 Td (Written credit derivatives:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 211.36 Td (Credit default swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 211.36 Td (1,073.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 211.36 Td (24.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 211.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 211.36 Td (24.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.55 211.36 Td (11.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 211.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.55 211.36 Td (11.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 188.36 Td (Total return swaps / other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 188.36 Td (61.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 188.36 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 188.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 188.36 Td (0.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 188.36 Td (0.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 188.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 188.36 Td (0.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 174.36 Td (Gross derivative assets /) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 165.36 Td (liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 165.36 Td ($974.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.75 165.36 Td ($10.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 165.36 Td ($984.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 165.36 Td ($979.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.25 165.36 Td ($2.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 165.36 Td ($981.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 151.36 Td (Less: Legally enforceable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 142.36 Td (master netting agreements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.75 142.36 Td (\(884.8\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.75 142.36 Td (\(884.8\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 128.36 Td (Less: Cash collateral) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 119.36 Td (received / paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 119.36 Td (\(47.3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.25 119.36 Td (\(50.1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 105.35 Td (Total derivative assets /) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 96.35 Td (liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.75 96.36 Td ($52.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.75 96.36 Td ($46.9) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 75.00 76.76 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.06 73.13 Td (Repr) Tj ET Q q 0 0 0 rg BT 98.25 73.13 Td (esents the total contract / notional amount of derivative assets and liabilities outstanding.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (49) Tj ET Q BT /F2 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 Derivative Balances) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 693.40 Td (\($ billions\) ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 668.9 m 297.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 668.9 m 352.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 668.9 m 387.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 668.9 m 450.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 668.9 m 505.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 668.9 m 540.5 668.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 653.9 m 297.5 653.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 653.9 m 352.5 653.9 l s 0 0 0 RG 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 574.9 m 352.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 574.9 m 387.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 574.9 m 450.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 574.9 m 505.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 574.9 m 540.5 574.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 183.89999999999998 m 179.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 183.89999999999998 m 234.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 183.89999999999998 m 297.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 183.89999999999998 m 352.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 183.89999999999998 m 387.5 183.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 183.89999999999998 m 450.5 183.89999999999998 l s 0 0 0 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114.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 91.89999999999998 m 179.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 91.89999999999998 m 234.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 91.89999999999998 m 297.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 91.89999999999998 m 352.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 91.89999999999998 m 387.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 91.89999999999998 m 450.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 91.89999999999998 m 505.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 91.89999999999998 m 540.5 91.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 68.89999999999998 m 179.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 68.89999999999998 m 234.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 68.89999999999998 m 297.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 68.89999999999998 m 352.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 68.89999999999998 m 387.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 68.89999999999998 m 450.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 68.89999999999998 m 505.5 68.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 68.89999999999998 m 540.5 68.89999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 673.58 Td (December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.30 658.58 Td (Gross Derivative Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.95 658.58 Td (Gross Derivative Liabilities) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 75.00 592.74 Td (\(Dollars in billions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.00 603.58 Td (Contract / ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.00 593.58 Td (Notional ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 221.17 598.11 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 623.58 Td (Trading and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 613.58 Td (Other Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 603.58 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 593.58 Td (Derivatives) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 613.58 Td (Qualifying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 603.58 Td (Accounting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 593.58 Td (Hedges) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 593.58 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 623.58 Td (Trading and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 613.58 Td (Other Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 603.58 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 593.58 Td (Derivatives) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 613.58 Td (Qualifying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 603.58 Td (Accounting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 593.58 Td (Hedges) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.00 593.58 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 579.35 Td (Interest rate contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 565.36 Td (Swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.00 565.36 Td ($33,272.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 565.36 Td ($659.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 565.36 Td ($7.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 565.36 Td ($667.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 565.36 Td ($658.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.25 565.36 Td ($0.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 565.36 Td ($659.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 551.36 Td (Futures and forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 551.36 Td (8,217.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 551.36 Td (1.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 551.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 551.36 Td (1.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 551.36 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 551.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 551.36 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 537.36 Td (Written options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 537.36 Td (2,065.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.50 537.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 537.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 537.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 537.36 Td (64.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 537.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 537.36 Td (64.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 523.36 Td (Purchased options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 523.36 Td (2,028.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 523.36 Td (65.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 523.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 523.36 Td (65.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 523.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 523.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 523.36 Td (_) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 509.35 Td (Foreign exchange) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 500.35 Td (contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 486.36 Td (Swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 486.36 Td (2,284.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 486.36 Td (43.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.75 486.36 Td (1.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 486.36 Td (44.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 486.36 Td (42.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.75 486.36 Td (1.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 486.36 Td (43.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 472.36 Td (Spot, futures and forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 472.36 Td (2,922.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 472.36 Td (32.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.75 472.36 Td (0.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 472.36 Td (33.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 472.36 Td (33.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.75 472.36 Td (1.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 472.36 Td (34.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 458.36 Td (Written options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 458.36 Td (412.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.50 458.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 458.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 458.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 458.36 Td (9.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 458.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 458.36 Td (9.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 444.36 Td (Purchased options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 444.36 Td (392.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 444.36 Td (8.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 444.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 444.36 Td (8.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 444.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 444.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 444.36 Td (_) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 430.35 Td (Equity contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 416.36 Td (Swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 416.36 Td (162.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 416.36 Td (3.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 416.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 416.36 Td (3.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 416.36 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 416.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 416.36 Td (4.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 402.36 Td (Futures and forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 402.36 Td (71.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 402.36 Td (1.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 402.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 402.36 Td (1.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 402.36 Td (1.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 402.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 402.36 Td (1.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 388.36 Td (Written options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 388.36 Td (315.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.50 388.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 388.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 388.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 388.36 Td (29.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 388.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 388.36 Td (29.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 374.36 Td (Purchased options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 374.36 Td (266.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 374.36 Td (30.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 374.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 374.36 Td (30.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 374.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 374.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 374.36 Td (_) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 360.35 Td (Commodity contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 346.36 Td (Swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 346.36 Td (73.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 346.36 Td (3.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 346.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 346.36 Td (3.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 346.36 Td (5.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 346.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 346.36 Td (5.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 332.36 Td (Futures and forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 332.36 Td (454.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 332.36 Td (4.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 332.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 332.36 Td (4.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 332.36 Td (2.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 332.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 332.36 Td (2.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 318.36 Td (Written options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 318.36 Td (157.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.50 318.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 318.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 318.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 318.36 Td (5.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 318.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 318.36 Td (5.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 304.36 Td (Purchased options) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.75 304.36 Td (164.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 304.36 Td (5.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 304.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 304.36 Td (5.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 304.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 304.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.50 304.36 Td (_) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 290.35 Td (Credit derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 276.36 Td (Purchased credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 267.36 Td (derivatives:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 253.36 Td (Credit default swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 253.36 Td (1,305.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 253.36 Td (15.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 253.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 253.36 Td (15.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 253.36 Td (28.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 253.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 253.36 Td (28.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 239.36 Td (Total return swaps / other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 239.36 Td (38.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 239.36 Td (2.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 239.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 239.36 Td (2.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 239.36 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 239.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 239.36 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 225.36 Td (Written credit derivatives:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 211.36 Td (Credit default swaps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.00 211.36 Td (1,265.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.25 211.36 Td (29.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 211.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 211.36 Td (29.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.25 211.36 Td (13.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 211.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 211.36 Td (13.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 188.36 Td (Total return swaps / other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 188.36 Td (63.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.75 188.36 Td (4.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 188.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 188.36 Td (4.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 188.36 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.50 188.36 Td (_) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 188.36 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 174.36 Td (Gross derivative assets /) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 165.36 Td (liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.55 165.36 Td ($911.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 165.36 Td ($9.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 165.36 Td ($920.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 165.36 Td ($903.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.25 165.36 Td ($3.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 165.36 Td ($906.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 151.36 Td (Less: Legally enforceable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 142.36 Td (master netting agreements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.75 142.36 Td (\(825.5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.75 142.36 Td (\(825.5\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 128.36 Td (Less: Cash collateral) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 119.36 Td (received / paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.25 119.36 Td (\(47.3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.25 119.36 Td (\(43.5\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 105.35 Td (Total derivative assets /) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 96.35 Td (liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.75 96.36 Td ($47.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.75 96.36 Td ($37.4) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 75.00 76.76 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.06 73.13 Td (Repr) Tj ET Q q 0 0 0 rg BT 98.25 73.13 Td (esents the total contract / notional amount of derivative assets and liabilities outstanding.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (50) Tj ET Q BT /F2 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 /F2 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 /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 669.55 Td (As an essential part of engaging in the financial services industry and serving customers and clients, Bank ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 656.35 Td (of ) Tj ET Q q 0 0 0 rg BT 83.31 656.35 Td (America participates in payment, clearing and settlement systems, also known as financial market ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 643.15 Td (utilities or FMUs, to conduct financial transactions in a global economy) Tj ET Q q 0 0 0 rg BT 387.47 643.15 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 618.95 Td (These FMUs allow Bank of ) Tj ET Q q 0 0 0 rg BT 196.35 618.95 Td (America to provide payment services to customers and clients, to serve as a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 605.75 Td (broker) Tj ET Q q 0 0 0 rg BT 100.49 605.75 Td (-dealer for securities transactions, and to engage in derivatives transactions as needed to manage ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 592.55 Td (risk, secure funding, and meet the needs of customers and clients. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 568.35 Td (For resolution planning purposes, the Company reviewed the payment, clearing, and settlement activities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 555.15 Td (used by its Material Entities to identify the FMUs that are material to the Company) Tj ET Q q 0 0 0 rg BT 437.27 555.15 Td (. ) Tj ET Q q 0 0 0 rg BT 442.57 555.15 Td (T) Tj ET Q q 0 0 0 rg BT 448.52 555.15 Td (wenty-three FMUs ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 541.95 Td (and two financial institutions were identified.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 517.75 Td (As discussed in the actions to enhance resolvability) Tj ET Q q 0 0 0 rg BT 297.65 517.75 Td (, Bank of ) Tj ET Q q 0 0 0 rg BT 340.43 517.75 Td (America has developed more detailed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 504.55 Td (reporting with regards to the relationships, and the terms of those relationships, with FMUs. ) Tj ET Q q 0 0 0 rg BT 481.79 504.55 Td (This ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 491.35 Td (information, coupled with continuity strategies for the Company to maintain access to such financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 478.15 Td (market infrastructures, would be used in a crisis situation to support continuity of Critical Operations. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 453.95 Td (P) Tj ET Q q 0 0 0 rg BT 77.90 453.95 Td (A) Tj ET Q q 0 0 0 rg BT 84.84 453.95 Td (YMENT) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 429.75 Td (Clearing House ) Tj ET Q q 0 0 0 rg BT 147.17 429.75 Td (Automated Payment System ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 283.12 429.75 Td (\(CHAPS\) is the U.K.) Tj ET Q q 0 0 0 rg BT 389.14 429.75 Td (s interbank payment system for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 416.55 Td (lar) Tj ET Q q 0 0 0 rg BT 83.40 416.55 Td (ge value sterling payments. CHAPS depends on the real-time gross settlement \(R) Tj ET Q q 0 0 0 rg BT 447.80 416.55 Td (TGS\) infrastructure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 403.35 Td (of the Bank of England \(BoE\).) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 379.15 Td (Clearing House Interbank Payments System ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 283.14 379.15 Td (\(CHIPS\), a lar) Tj ET Q q 0 0 0 rg BT 355.94 379.15 Td (ge-value wire transfer payments system ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 365.95 Td (based in the U.S., is a service of the Clearing House Payments Company L.L.C. \(The Clearing House\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 352.75 Td (which, in turn, is owned by the world) Tj ET Q q 0 0 0 rg BT 239.73 352.75 Td (s lar) Tj ET Q q 0 0 0 rg BT 258.16 352.75 Td (gest commercial banks. It processes a lar) Tj ET Q q 0 0 0 rg BT 440.62 352.75 Td (ge proportion of U.S. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 339.55 Td (dollar cross-border payments and an increasing volume of U.S. domestic payments. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 315.35 Td (Electr) Tj ET Q q 0 0 0 rg BT 100.50 315.35 Td (onic Payments Network) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 212.32 315.35 Td ( \(EPN\), an electronic payments system based in the U.S., provides ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 302.15 Td (automated clearing house \(ACH\) services. EPN is owned and operated by ) Tj ET Q q 0 0 0 rg BT 412.39 302.15 Td (The Clearing House. It ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 288.95 Td (facilitates exchanges of batched debit and credit payments among business, consumer) Tj ET Q q 0 0 0 rg BT 448.80 288.95 Td (, and government ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 275.75 Td (accounts. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 251.55 Td (FedACH Services) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 155.40 251.55 Td ( is an electronic payment system providing ) Tj ET Q q 0 0 0 rg BT 346.33 251.55 Td (ACH services. Based in the U.S., it is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 238.35 Td (owned and operated by the Federal Reserve Banks. ) Tj ET Q q 0 0 0 rg BT 302.73 238.35 Td (The ) Tj ET Q q 0 0 0 rg BT 321.97 238.35 Td (ACH system exchanges batched debit and credit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 225.15 Td (payments among business, consumer) Tj ET Q q 0 0 0 rg BT 234.70 225.15 Td (, and government accounts. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 200.95 Td (Fedwir) Tj ET Q q 0 0 0 rg BT 105.40 200.95 Td (e Funds Service) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 179.34 200.95 Td ( is a wire transfer service provider) Tj ET Q q 0 0 0 rg BT 329.00 200.95 Td (. Based in the U.S., it is owned and operated ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 187.75 Td (by the Federal Reserve Banks. It processes the purchase and sale of federal funds; the purchase, sale and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 174.55 Td (financing of securities transactions; the disbursement or repayment of loans; the settlement of cross-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 161.35 Td (border U.S. dollar commercial transactions; and the settlement of real estate transactions and other high-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 148.15 Td (value, time-critical payments. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 123.95 Td (The ) Tj ET Q q 0 0 0 rg BT 92.89 123.95 Td (T) Tj ET Q q 0 0 0 rg BT 99.41 123.95 Td (rans-Eur) Tj ET Q q 0 0 0 rg BT 141.99 123.95 Td (opean ) Tj ET Q q 0 0 0 rg BT 172.25 123.95 Td (Automated Real-time Gr) Tj ET Q q 0 0 0 rg BT 289.35 123.95 Td (oss Settlement Expr) Tj ET Q q 0 0 0 rg BT 382.64 123.95 Td (ess ) Tj ET Q q 0 0 0 rg BT 398.64 123.95 Td (T) Tj ET Q q 0 0 0 rg BT 405.16 123.95 Td (ransfer) Tj ET Q q 0 0 0 rg BT 439.17 123.95 Td ( System) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 475.52 123.95 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 110.75 Td (\(T) Tj ET Q q 0 0 0 rg BT 86.38 110.75 Td (ARGET2\) is the R) Tj ET Q q 0 0 0 rg BT 172.79 110.75 Td (TGS linking system owned and operated by the Eurosystem. ) Tj ET Q q 0 0 0 rg BT 444.80 110.75 Td (The Eurosystem ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 97.55 Td (comprises the European Central Bank and the National Central Banks \(NCBs\) of the EU Member ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 84.35 Td (States that have adopted the Euro as their national currency) Tj ET Q q 0 0 0 rg BT 332.44 84.35 Td (. ) Tj ET Q q 0 0 0 rg BT 340.49 84.35 Td (T) Tj ET Q q 0 0 0 rg BT 346.33 84.35 Td (ARGET2 is the settlement system for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 71.15 Td (cross-border payments in Euro, with settlement in central bank money) Tj ET Q q 0 0 0 rg BT 380.42 71.15 Td (. Participating commercial banks ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 57.95 Td (access the ) Tj ET Q q 0 0 0 rg BT 118.83 57.95 Td (T) Tj ET Q q 0 0 0 rg BT 124.67 57.95 Td (ARGET2 system via the NCBs of Eurozone Member States. It is based in Germany) Tj ET Q q 0 0 0 rg BT 495.13 57.95 Td (. ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (51) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (CLEARING) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 688.40 Td (CME Gr) Tj ET Q q 0 0 0 rg BT 113.65 688.40 Td (oup Inc.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 152.17 688.40 Td ( \(CME Group\) provides clearing and settlement services for futures, options, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 675.20 Td (over) Tj ET Q q 0 0 0 rg BT 91.33 675.20 Td (-the-counter \(OTC\) derivatives products through certain of its subsidiaries. ) Tj ET Q q 0 0 0 rg BT 435.99 675.20 Td (These clearing and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.00 Td (settlement services are provided by the CME Clearing division \(CME Clearing\) of CME Group) Tj ET Q q 0 0 0 rg BT 505.48 662.00 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.80 Td (wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 182.80 648.80 Td (, Chicago Mercantile Exchange Inc. \(CME\). CME Clearing clears and settles ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.60 Td (futures and options contracts traded on the CME and four other futures and options exchanges: ) Tj ET Q q 0 0 0 rg BT 491.83 635.60 Td (The Board ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.40 Td (of ) Tj ET Q q 0 0 0 rg BT 83.71 622.40 Td (T) Tj ET Q q 0 0 0 rg BT 90.05 622.40 Td (rade of the City of Chicago, Inc., New ) Tj ET Q q 0 0 0 rg BT 261.00 622.40 Td (Y) Tj ET Q q 0 0 0 rg BT 267.85 622.40 Td (ork Mercantile Exchange, Inc., Commodity Exchange, Inc., ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.20 Td (and the Dubai Mercantile Exchange. CME Clearing also provides the clearing and settlement services for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.00 Td (OTC interest rate and credit derivatives transactions. It is based in the U.S. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 571.80 Td (Eur) Tj ET Q q 0 0 0 rg BT 90.14 571.80 Td (ex Clearing ) Tj ET Q q 0 0 0 rg BT 146.35 571.80 Td (AG ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 165.60 571.80 Td (is a central counterparty \(CCP\) or) Tj ET Q q 0 0 0 rg BT 323.93 571.80 Td (ganized under the laws of Germany) Tj ET Q q 0 0 0 rg BT 479.90 571.80 Td (. It provides ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 558.60 Td (CCP) Tj ET Q q 0 0 0 rg BT 92.38 558.60 Td ( clearing services for derivatives traded on the Eurex exchanges; OTC interest rate swaps and credit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 545.40 Td (default swaps; Eurex Bonds \(a fixed income trading platform\); Eurex Repo \(a trading platform for repo\); ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 532.20 Td (Frankfurt Stock Exchange; Irish Stock Exchange; and co-operation products on the European Ener) Tj ET Q q 0 0 0 rg BT 506.17 532.20 Td (gy ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 519.00 Td (Exchange. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 494.80 Td (Eur) Tj ET Q q 0 0 0 rg BT 90.14 494.80 Td (opean Central Counterparty N.V) Tj ET Q q 0 0 0 rg BT 244.54 494.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 247.29 494.80 Td ( \(EuroCCP\) is a CCP) Tj ET Q q 0 0 0 rg BT 350.16 494.80 Td ( that clears equities traded on stock ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 481.60 Td (exchanges, multilateral trading facilities, and other securities trading platforms. EuroCCP) Tj ET Q q 0 0 0 rg BT 468.40 481.60 Td ( clears for 16 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 468.40 Td (trading platforms; it clears equities, exchange-traded funds, and depositary receipts from 18 markets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 455.20 Td (including the United States. EuroCCP) Tj ET Q q 0 0 0 rg BT 241.47 455.20 Td ( also clears OTC European cash equities trades provided by various ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 442.00 Td (brokers or matching platforms) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.49 442.00 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 417.80 Td (Fixed Income Clearing Corporation - Government Securities Division) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.21 417.80 Td ( is a CCP) Tj ET Q q 0 0 0 rg BT 440.06 417.80 Td ( and provides real-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 404.60 Td (time trade matching, netting, and clearing services for trades in U.S. government debt issues, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 391.40 Td (repurchase agreements. Securities transactions include ) Tj ET Q q 0 0 0 rg BT 317.07 391.40 Td (T) Tj ET Q q 0 0 0 rg BT 323.40 391.40 Td (reasury bills, bonds, notes and government ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 378.20 Td (agency securities. It operates in the U.S. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 354.00 Td (Fixed Income Clearing Corporation - Mortgage Backed Securities Division) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 423.34 354.00 Td ( is a CCP) Tj ET Q q 0 0 0 rg BT 463.39 354.00 Td (, providing real-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 340.80 Td (time trade matching, netting, and clearing services for the mortgage-backed securities market. It operates ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 327.60 Td (in the U.S. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 303.40 Td (ICE Clear) Tj ET Q q 0 0 0 rg BT 120.38 303.40 Td ( Cr) Tj ET Q q 0 0 0 rg BT 135.75 303.40 Td (edit LLC) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 178.84 303.40 Td ( is a central clearing facility for North ) Tj ET Q q 0 0 0 rg BT 347.44 303.40 Td (American credit default swaps. It is a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 290.20 Td (subsidiary of Intercontinental Exchange \(ICE\), which operates futures and options exchanges; trading ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 277.00 Td (platforms and clearing houses for global trading in commodities; and currency) Tj ET Q q 0 0 0 rg BT 416.46 277.00 Td (, credit, and equity indices. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 263.80 Td (It operates in the U.S. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 239.60 Td (ICE Clear) Tj ET Q q 0 0 0 rg BT 120.38 239.60 Td ( Eur) Tj ET Q q 0 0 0 rg BT 141.27 239.60 Td (ope) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 157.77 239.60 Td (, a London-based clearing house, is a subsidiary of ICE. It provides clearing and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 226.40 Td (settlement services for all futures and options trades on the ICE Futures Europe exchange, as well as for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 213.20 Td (the ener) Tj ET Q q 0 0 0 rg BT 106.92 213.20 Td (gy futures contracts traded on ICE) Tj ET Q q 0 0 0 rg BT 261.18 213.20 Td (s New ) Tj ET Q q 0 0 0 rg BT 291.32 213.20 Td (Y) Tj ET Q q 0 0 0 rg BT 298.16 213.20 Td (ork-based ICE Futures U.S. exchange. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 189.00 Td (Japan Securities Clearing Corporation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 254.41 189.00 Td ( \(JSCC\) is a CCP) Tj ET Q q 0 0 0 rg BT 340.17 189.00 Td ( for OTC transactions of Japanese ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 175.80 Td (Government Bonds \(JGBs\), providing the clearing participant therein \(Clearing Participant\) with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 162.60 Td (clearing services \(i.e. assuming the Clearing Participant) Tj ET Q q 0 0 0 rg BT 320.03 162.60 Td (s obligation to deliver) Tj ET Q q 0 0 0 rg BT 415.83 162.60 Td (, or to pay for) Tj ET Q q 0 0 0 rg BT 475.56 162.60 Td (, the JGBs and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 149.40 Td (acquiring the Clearing Participant) Tj ET Q q 0 0 0 rg BT 223.81 149.40 Td (s rights to receive the delivery or payment thereof\), and netting the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 136.20 Td (obligation and rights before the settlement of JGBs and funds at the Bank of Japan \(BoJ\). ) Tj ET Q q 0 0 0 rg BT 479.93 136.20 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 123.00 Td (settlement of JGBs between Clearing Participants and JSCC is conducted by means of account transfer ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 109.80 Td (under the JGB Book-Entry System operated by the BoJ. ) Tj ET Q q 0 0 0 rg BT 323.85 109.80 Td (The settlements of funds between Clearing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 96.60 Td (Participants and JSCC is conducted by means of transfers between current accounts using the Bank of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 83.40 Td (Japan Financial Network System operated by the BoJ. Japan Government Bond Clearing Corporation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 70.20 Td (\(JGBCC\) previously provided clearing services in respect of JGBs. In October 2013, JGBCC mer) Tj ET Q q 0 0 0 rg BT 514.15 70.20 Td (ged ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 57.00 Td (with JSCC. ) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (52) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (LCH.Clearnet Limited) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 179.54 712.60 Td ( \(LCH\) is a CCP) Tj ET Q q 0 0 0 rg BT 262.23 712.60 Td ( incorporated under the laws of England and ) Tj ET Q q 0 0 0 rg BT 459.97 712.60 Td (W) Tj ET Q q 0 0 0 rg BT 469.47 712.60 Td (ales. It is also a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.40 Td (Derivatives Clearing Or) Tj ET Q q 0 0 0 rg BT 177.49 699.40 Td (ganization in the U.S. LCH is a significant CCP) Tj ET Q q 0 0 0 rg BT 390.65 699.40 Td ( and provides CCP) Tj ET Q q 0 0 0 rg BT 473.04 699.40 Td ( clearing for a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.20 Td (wide range of products including: commodities \(exchange-traded and OTC\); equities \(including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.00 Td (transactions executed on the London Stock Exchange\); fixed income \(including its RepoClear service\); ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (forex contracts \(ForexClear service for OTC non-deliverable forwards\); credit default swaps; and interest ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.60 Td (rate swaps \(including its SwapClear service for OTC interest rate swaps\).) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 622.40 Td (National Securities Clearing Corporation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 266.01 622.40 Td ( \(NSCC\), a U.S. securities clearing agency) Tj ET Q q 0 0 0 rg BT 462.92 622.40 Td (, is a subsidiary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.20 Td (of the Depository ) Tj ET Q q 0 0 0 rg BT 151.54 609.20 Td (T) Tj ET Q q 0 0 0 rg BT 157.87 609.20 Td (rust & Clearing Corporation which, in turn, is owned by its users, including major ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.00 Td (banks, broker) Tj ET Q q 0 0 0 rg BT 131.65 596.00 Td (-dealers, and other financial institutions. NSCC provides clearing, settlement, risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.80 Td (management, and CCP) Tj ET Q q 0 0 0 rg BT 172.71 582.80 Td ( services; and a guarantee of completion for certain transactions for virtually all ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.60 Td (U.S. broker) Tj ET Q q 0 0 0 rg BT 122.80 569.60 Td (-to-broker trades involving equities, corporate and municipal debt, ) Tj ET Q q 0 0 0 rg BT 417.27 569.60 Td (American depositary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.40 Td (receipts, exchange-traded funds, and unit investment trusts. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 532.20 Td (Options Clearing Corporation) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 214.39 532.20 Td ( is a U.S. futures and options clearing agency) Tj ET Q q 0 0 0 rg BT 412.85 532.20 Td (. It is regulated as a clearing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 519.00 Td (agency by the Securities and Exchange Commission \(SEC\) with respect to clearing and settlement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 505.80 Td (services for put and call options on common stocks and other equity issues, stock indexes, foreign ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 492.60 Td (currencies, interest rate composites, and single-stock futures. It is regulated by the Commodities Futures ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 479.40 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 479.40 Td (rading Commission \(CFTC\) with respect to clearing and settlement services for transactions in futures ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 466.20 Td (and options on futures. In addition, Options Clearing Corporation provides CCP) Tj ET Q q 0 0 0 rg BT 426.92 466.20 Td ( clearing and settlement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 453.00 Td (services for securities lending transactions. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 428.80 Td (SETTLEMENT) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 404.60 Td (CLS Bank International) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 186.31 404.60 Td ( \(CLS Bank\) is a multi-currency cash settlement system, operating in the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 391.40 Td (U.K. CLS Bank settles payment instructions related to trades in foreign exchange spot contracts, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 378.20 Td (forwards, options, and swaps; non-deliverable forwards; and credit derivatives. Foreign exchange ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 365.00 Td (settlement services are of) Tj ET Q q 0 0 0 rg BT 183.28 365.00 Td (fered for 17 currencies. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 340.80 Td (CREST) Tj ET Q q 0 0 0 rg BT 108.48 340.80 Td ( \(Eur) Tj ET Q q 0 0 0 rg BT 133.03 340.80 Td (oclear) Tj ET Q q 0 0 0 rg BT 161.54 340.80 Td ( U.K. & Ir) Tj ET Q q 0 0 0 rg BT 209.91 340.80 Td (eland\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 242.00 340.80 Td (is the U.K.) Tj ET Q q 0 0 0 rg BT 292.72 340.80 Td (s Central Securities Depository) Tj ET Q q 0 0 0 rg BT 429.17 340.80 Td (, providing facilities for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 327.60 Td (the dematerialized holding of U.K. equities, electronic transfer funds, gilt securities, and money market ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 314.40 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 131.38 314.40 Td (The CREST) Tj ET Q q 0 0 0 rg BT 185.27 314.40 Td ( system is also the securities settlement system \(SSS\) for the settlement of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 301.20 Td (these instruments and, through its links to SSS in other jurisdictions \(including the U.S.\), settlement of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 288.00 Td (some non-U.K. securities is also possible. CREST) Tj ET Q q 0 0 0 rg BT 295.45 288.00 Td ( is operated by Euroclear U.K. and Ireland. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 263.80 Td (The Depository ) Tj ET Q q 0 0 0 rg BT 146.96 263.80 Td (T) Tj ET Q q 0 0 0 rg BT 153.48 263.80 Td (rust Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 223.77 263.80 Td (\(DTC\) is a central securities depository providing depository and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 250.60 Td (book-entry services for eligible securities and other financial assets to its participants, which are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 237.40 Td (principally banks and broker) Tj ET Q q 0 0 0 rg BT 197.94 237.40 Td (-dealers. DTC operates in the U.S. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 213.20 Td (Eur) Tj ET Q q 0 0 0 rg BT 90.14 213.20 Td (oclear) Tj ET Q q 0 0 0 rg BT 118.64 213.20 Td ( Bank) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 146.46 213.20 Td ( provides International Central Securities Depository services and settlement services for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 200.00 Td (cross-border transactions involving domestic and international bonds, equities, derivatives, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 186.80 Td (investment funds. It is a primary provider of settlement services for Eurobonds. Euroclear Bank operates ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 173.60 Td (in Belgium. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 149.40 Td (Fedwir) Tj ET Q q 0 0 0 rg BT 105.40 149.40 Td (e Securities Service) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 195.81 149.40 Td ( is a national securities book entry system that is owned and operated by the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 136.20 Td (Federal Reserve Banks. It conducts real-time transfers of securities and related funds. Fedwire Securities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 123.00 Td (provides for the issuance, maintenance, safekeeping, transfer) Tj ET Q q 0 0 0 rg BT 339.42 123.00 Td (, and settlement for ) Tj ET Q q 0 0 0 rg BT 426.89 123.00 Td (T) Tj ET Q q 0 0 0 rg BT 433.22 123.00 Td (reasury securities, for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 109.80 Td (many federal government agency and government-sponsored enterprise securities and for certain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 96.60 Td (international or) Tj ET Q q 0 0 0 rg BT 139.31 96.60 Td (ganizations) Tj ET Q q 0 0 0 rg BT 192.25 96.60 Td ( securities. ) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (53) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (OTHER) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 688.40 Td (The Society for) Tj ET Q q 0 0 0 rg BT 143.29 688.40 Td ( ) Tj ET Q q 0 0 0 rg BT 145.84 688.40 Td (W) Tj ET Q q 0 0 0 rg BT 156.23 688.40 Td (orldwide Interbank Financial ) Tj ET Q q 0 0 0 rg BT 297.52 688.40 Td (T) Tj ET Q q 0 0 0 rg BT 303.85 688.40 Td (elecommunication ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 392.14 688.40 Td (\(SWIFT\) is a member) Tj ET Q q 0 0 0 rg BT 498.52 688.40 Td (-owned ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 675.20 Td (co-operative subject to Belgian law) Tj ET Q q 0 0 0 rg BT 227.06 675.20 Td (. It provides a telecommunication platform for the exchange of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.00 Td (standardized financial messages between financial institutions and corporations. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 637.80 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 133.73 637.80 Td ( INSTITUTIONS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 613.60 Td (The Bank of New ) Tj ET Q q 0 0 0 rg BT 155.93 613.60 Td (Y) Tj ET Q q 0 0 0 rg BT 162.66 613.60 Td (ork Mellon Corporation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 279.07 613.60 Td (is a U.S.-based global financial services company) Tj ET Q q 0 0 0 rg BT 497.06 613.60 Td (. It acts ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 600.40 Td (as agent with regards to the settlement of certain fixed income asset classes and provides collateral ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 587.20 Td (management, asset management, and safekeeping services. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 563.00 Td (BNP) Tj ET Q q 0 0 0 rg BT 93.39 563.00 Td ( Paribas Bank ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 162.77 563.00 Td (is a global financial services company based in France and operating in various ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 549.80 Td (jurisdictions. It is an agent bank providing cash and securities settlement services. ) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (54) Tj ET Q BT /F2 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 /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 693.75 Td (SYSTEMS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 669.55 Td (The Company recognizes that Management Information System \(MIS\) capabilities are critical in a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 656.35 Td (resolution scenario in order to provide access to accurate, timely information related to the financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 643.15 Td (health, risks, and operations of Bank of ) Tj ET Q q 0 0 0 rg BT 247.05 643.15 Td (America, its Material Entities, front line units, control functions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 629.95 Td (and Critical Operations. ) Tj ET Q q 0 0 0 rg BT 182.69 629.95 Td (Those same MIS capabilities also are critical in the normal course of business ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 616.75 Td (for ef) Tj ET Q q 0 0 0 rg BT 95.92 616.75 Td (fective financial, operational and risk data aggregation and reporting.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 592.55 Td (MIS capabilities are enabled through data and technology applications. Bank of ) Tj ET Q q 0 0 0 rg BT 427.26 592.55 Td (America actively ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 579.35 Td (governs and manages its data pursuant Company policies and standards to help ensure its data is secured, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 566.15 Td (complete, accurate, and authorized for use in critical reports. ) Tj ET Q q 0 0 0 rg BT 343.93 566.15 Td (The Company also actively governs and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 552.95 Td (manages its technology applications to help ensure applications are consistently secured, supported, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 539.75 Td (managed, and implemented. Bank of ) Tj ET Q q 0 0 0 rg BT 238.79 539.75 Td (America maintains detailed business continuity plans for each of its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 526.55 Td (businesses and supporting technology applications, including application-specific recovery time ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 513.35 Td (objectives and plans to continue business operations in events where key applications are unavailable.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 489.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 489.15 Td (America) Tj ET Q q 0 0 0 rg BT 150.20 489.15 Td (s data management activities have evolved over the last several years with the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 475.95 Td (implementation and enhancement of data management policies and the designation of a Chief Data ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 462.75 Td (Of) Tj ET Q q 0 0 0 rg BT 83.41 462.75 Td (ficer for the Company) Tj ET Q q 0 0 0 rg BT 180.13 462.75 Td (. Enhanced quality control testing and data and reporting requirements have also ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 449.55 Td (been implemented. From a technology perspective, Bank of ) Tj ET Q q 0 0 0 rg BT 339.90 449.55 Td (America has established three- to five-year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 436.35 Td (strategic technology plans that provide directional line of sight regarding technology capabilities and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 423.15 Td (architecture required to deliver front line unit and enterprise control function strategic plans. ) Tj ET Q q 0 0 0 rg BT 483.23 423.15 Td (These ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 409.95 Td (strategic technology plans are routinely updated as business, technology) Tj ET Q q 0 0 0 rg BT 388.67 409.95 Td (, and regulatory landscapes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 396.75 Td (change.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 372.55 Td (In 2015, the Company is implementing enhanced data management and governance standards and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 359.35 Td (beginning implementation of the enterprise data architecture in support of more robust capabilities that ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 346.15 Td (are critical for ef) Tj ET Q q 0 0 0 rg BT 145.39 346.15 Td (fective risk data aggregation and reporting, in both a normal course of business as well as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 332.95 Td (in a resolution situation. For example, the standards implementation will drive enhancements and testing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 319.75 Td (of controls for data inputs into resolution critical processes such as capital management and reporting, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 306.55 Td (liquidity management and reporting, and Comprehensive Capital ) Tj ET Q q 0 0 0 rg BT 359.77 306.55 Td (Analysis and Review) Tj ET Q q 0 0 0 rg BT 452.54 306.55 Td (. ) Tj ET Q q 0 0 0 rg BT 460.59 306.55 Td (The enterprise ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 293.35 Td (information architecture will simplify the control and provisioning of data associated with these critical ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 280.15 Td (processes.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 254.95 Td (Specific to resolution preparedness, the Company has enhanced its reporting capabilities by legal entity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 241.75 Td (and has developed a technology platform to maintain and analyze the connections between and among ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 228.55 Td (Material Entities, Core Business Lines and Critical Operations. ) Tj ET Q q 0 0 0 rg BT 354.99 228.55 Td (The key critical services analyzed are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 215.35 Td (personnel, applications, vendors, real estate, and FMUs. ) Tj ET Q q 0 0 0 rg BT 323.82 215.35 Td (This tool highlights interdependencies, enhances ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 202.15 Td (operational continuity planning and supports resolution preparedness.) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (55) Tj ET Q BT /F2 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 ( FOREIGN OPERA) Tj ET Q q 0 0 0 rg BT 311.96 710.55 Td (TIONS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 686.35 Td (America is a global company serving clients and customers in more than 35 countries and has ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.15 Td (relationships with 99% of the U.S. Fortune) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 260.82 673.15 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 263.57 673.15 Td (500 companies, 97% of the U.S. Fortune 1000 companies, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.95 Td (82% of the Global Fortune 500 companies. ) Tj ET Q q 0 0 0 rg BT 267.01 659.95 Td (The Company) Tj ET Q q 0 0 0 rg BT 332.70 659.95 Td (s banking and non-banking subsidiaries ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.75 Td (provide a diverse range of financial services and products across EMEA, as well as ) Tj ET Q q 0 0 0 rg BT 440.07 646.75 Td (Asia, Latin ) Tj ET Q q 0 0 0 rg BT 491.09 646.75 Td (America, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.55 Td (and the Caribbean. ) Tj ET Q q 0 0 0 rg BT 160.08 633.55 Td (The Company) Tj ET Q q 0 0 0 rg BT 225.76 633.55 Td (s primary international objective is to be a global leader in corporate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.35 Td (and investment banking and trading across a broad range of asset classes serving corporations, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 607.15 Td (governments, investors, institutions, and individuals around the world.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.95 Td (As of December 31, 2014, Bank of ) Tj ET Q q 0 0 0 rg BT 228.11 582.95 Td (America had approximately 224,000 employees globally) Tj ET Q q 0 0 0 rg BT 477.27 582.95 Td (, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.75 Td (approximately 10,000 employees located in 21 EMEA) Tj ET Q q 0 0 0 rg BT 311.20 569.75 Td ( countries, with the most significant presence being ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.55 Td (in the United Kingdom, and approximately 23,000 employees located in 12countries in the ) Tj ET Q q 0 0 0 rg BT 476.47 556.55 Td (Asia-Pacific ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 543.35 Td (region.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 519.15 Td (Performance by Geographic ) Tj ET Q q 0 0 0 rg BT 207.33 519.15 Td (Ar) Tj ET Q q 0 0 0 rg BT 219.96 519.15 Td (ea) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 494.95 Td (At and for the year ended December 31, 2014, Bank of ) Tj ET Q q 0 0 0 rg BT 316.06 494.95 Td (America had $312 billion of assets and $1) Tj ET Q q 0 0 0 rg BT 501.08 494.95 Td (1 billion ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 481.75 Td (of total revenue, net of interest expense, outside the U.S. ) Tj ET Q q 0 0 0 rg BT 326.26 481.75 Td (The table below shows the Company) Tj ET Q q 0 0 0 rg BT 492.14 481.75 Td (s assets, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 468.55 Td (total revenues, and income by region. ) Tj ET Q 1 1 1 rg /GS0 gs 72.50 447.05 139.00 -48.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 447.05 50.00 -48.00 re f /GS0 gs 1 1 1 rg /GS0 gs 261.50 447.05 69.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 330.50 447.05 210.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 72.50 399.05 139.00 -44.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 399.05 50.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 370.05 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 340.05 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 72.50 310.05 139.00 -44.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 310.05 50.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 281.05 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 252.05 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 72.50 222.05 139.00 -45.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 222.05 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 192.05 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 177.05 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 211.50 162.05 50.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 72.50 132.05 468.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 72.50 102.05 468.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 433.04999999999995 m 330.5 433.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 433.04999999999995 m 400.5 433.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 433.04999999999995 m 470.5 433.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 433.04999999999995 m 540.5 433.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 399.04999999999995 m 211.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 399.04999999999995 m 261.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 399.04999999999995 m 330.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 399.04999999999995 m 400.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 399.04999999999995 m 470.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 399.04999999999995 m 540.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 355.04999999999995 m 211.5 355.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 355.04999999999995 m 261.5 355.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 355.04999999999995 m 330.5 355.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 355.04999999999995 m 400.5 355.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 355.04999999999995 m 470.5 355.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 355.04999999999995 m 540.5 355.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 310.04999999999995 m 211.5 310.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 310.04999999999995 m 261.5 310.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 310.04999999999995 m 330.5 310.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 310.04999999999995 m 400.5 310.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 310.04999999999995 m 470.5 310.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 310.04999999999995 m 540.5 310.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 266.04999999999995 m 211.5 266.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 266.04999999999995 m 261.5 266.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 266.04999999999995 m 330.5 266.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 266.04999999999995 m 400.5 266.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 266.04999999999995 m 470.5 266.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 266.04999999999995 m 540.5 266.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 222.04999999999995 m 211.5 222.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 222.04999999999995 m 261.5 222.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 222.04999999999995 m 330.5 222.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 222.04999999999995 m 400.5 222.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 222.04999999999995 m 470.5 222.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 222.04999999999995 m 540.5 222.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 177.04999999999995 m 211.5 177.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 177.04999999999995 m 261.5 177.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 177.04999999999995 m 330.5 177.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 177.04999999999995 m 400.5 177.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 177.04999999999995 m 470.5 177.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 177.04999999999995 m 540.5 177.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 132.04999999999995 m 211.5 132.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 132.04999999999995 m 261.5 132.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 132.04999999999995 m 330.5 132.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 132.04999999999995 m 400.5 132.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 132.04999999999995 m 470.5 132.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 132.04999999999995 m 540.5 132.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 117.04999999999995 m 211.5 117.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 117.04999999999995 m 261.5 117.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 117.04999999999995 m 330.5 117.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 117.04999999999995 m 400.5 117.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 117.04999999999995 m 470.5 117.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 117.04999999999995 m 540.5 117.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 102.04999999999995 m 211.5 102.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 102.04999999999995 m 261.5 102.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 102.04999999999995 m 330.5 102.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 102.04999999999995 m 400.5 102.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 102.04999999999995 m 470.5 102.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 102.04999999999995 m 540.5 102.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 87.04999999999995 m 211.5 87.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 66.04999999999995 m 211.5 66.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 87.04999999999995 m 261.5 87.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 66.04999999999995 m 261.5 66.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 87.04999999999995 m 330.5 87.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 66.04999999999995 m 330.5 66.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 87.04999999999995 m 400.5 87.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 66.04999999999995 m 400.5 66.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 87.04999999999995 m 470.5 87.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 66.04999999999995 m 470.5 66.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 87.04999999999995 m 540.5 87.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 66.04999999999995 m 540.5 66.04999999999995 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 403.51 Td (\(Dollars in millions\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.00 403.50 Td (Year) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.00 437.50 Td (December 31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.25 437.50 Td (Year Ended December 31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.00 403.50 Td (T) Tj ET Q q 0 0 0 rg BT 269.18 403.50 Td (otal ) Tj ET Q q 0 0 0 rg BT 285.43 403.50 Td (Assets ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 311.68 407.58 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.00 421.50 Td (T) Tj ET Q q 0 0 0 rg BT 338.18 421.50 Td (otal Revenue, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.00 412.50 Td (Net of Inter) Tj ET Q q 0 0 0 rg BT 377.82 412.50 Td (est ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.00 403.50 Td (Expense ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 367.26 407.58 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.00 412.50 Td (Income Before) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.00 403.50 Td (Income Taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.00 412.50 Td (Net Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.00 403.50 Td (\(Loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 390.31 Td (U.S. ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 93.25 394.39 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.00 389.50 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 389.50 Td ($1,792,719) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.75 389.50 Td ($72,960) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.25 389.50 Td ($4,643) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.25 389.50 Td ($3,305) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 374.51 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 374.51 Td (1,803,243) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 374.51 Td (76,612) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.25 374.51 Td (13,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.25 374.51 Td (10,588) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 359.51 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 359.51 Td (72,175) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 359.51 Td (1,867) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.05 359.51 Td (4,116) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 346.31 Td (Asia ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 93.75 350.39 Td (\(4\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.00 344.50 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.25 344.50 Td (92,005) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.75 344.50 Td (3,605) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.50 344.50 Td (759) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.50 344.50 Td (473) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 329.51 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.25 329.51 Td (98,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 329.51 Td (4,442) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 329.51 Td (1,382) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 329.51 Td (887) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 314.51 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 314.51 Td (3,478) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 314.51 Td (353) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 314.51 Td (282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 301.31 Td (Europe, Middle East and Africa) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.00 300.50 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.75 300.50 Td (190,365) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.75 300.50 Td (6,409) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 300.50 Td (1,098) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.50 300.50 Td (813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 285.51 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 285.51 Td (169,708) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 285.51 Td (6,353) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 285.51 Td (1,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 285.51 Td (\(403\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 270.51 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.05 270.51 Td (6,011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 270.51 Td (323) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 270.51 Td (\(543\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 257.31 Td (Latin America and the Caribbean) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.00 256.50 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.25 256.50 Td (29,445) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.75 256.50 Td (1,273) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.50 256.50 Td (355) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.50 256.50 Td (242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 241.51 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.25 241.51 Td (30,717) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 241.51 Td (1,535) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 241.51 Td (566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 241.51 Td (359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 226.51 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 226.51 Td (1,670) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 226.51 Td (529) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 226.51 Td (333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 213.31 Td (Total Non-U.S.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.00 211.50 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.20 211.50 Td (311,815) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.70 211.50 Td (11,287) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 211.50 Td (2,212) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.75 211.50 Td (1,528) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 196.51 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 196.51 Td (299,030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 196.51 Td (12,330) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 196.51 Td (2,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 196.51 Td (843) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 181.51 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.55 181.51 Td (11,159) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 181.51 Td (1,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.00 181.51 Td (72) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.00 168.45 Td (Total Consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.00 166.50 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.50 166.50 Td ($2,104,534) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.75 166.50 Td ($84,247) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.25 166.50 Td ($6,855) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.25 166.50 Td ($4,833) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 151.51 Td (2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 151.51 Td (2,102,273) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 151.51 Td (88,942) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.25 151.51 Td (16,172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.55 151.51 Td (11,431) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 136.51 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 136.51 Td (83,334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 136.51 Td (3,072) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.75 136.51 Td (4,188) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 75.00 124.93 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.06 121.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.92 121.30 Td (T) Tj ET Q q 0 0 0 rg BT 87.25 121.30 Td (otal assets include long-lived assets, which are primarily located in the U.S. ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 75.00 109.93 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.06 106.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.92 106.30 Td (There were no material intercompany revenues between geographic regions for any of the periods presented. ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 75.00 94.93 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.06 91.30 Td ( Substantially reflects the U.S.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 75.00 81.93 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.36 78.30 Td (Amounts include pretax gains of $753 million \($474 million net-of-tax\) on the sale of common shares of China Construction Bank during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.00 70.30 Td (2013. ) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (56) Tj ET Q BT /F2 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 /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.35 Td (U.S. REGULA) Tj ET Q q 0 0 0 rg BT 140.56 686.35 Td (TION) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 662.15 Td (BAC is subject to an extensive regulatory framework applicable to financial holding companies, bank ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.95 Td (holding companies, banks, and securities firms. ) Tj ET Q q 0 0 0 rg BT 285.85 648.95 Td (As a registered financial holding company and bank ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.75 Td (holding company) Tj ET Q q 0 0 0 rg BT 147.97 635.75 Td (, Bank of ) Tj ET Q q 0 0 0 rg BT 190.74 635.75 Td (America Corporation is subject to the supervision of, and regular inspection ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 622.55 Td (by) Tj ET Q q 0 0 0 rg BT 82.29 622.55 Td (, the Federal Reserve. Bank of ) Tj ET Q q 0 0 0 rg BT 220.66 622.55 Td (America Corporation is subject to applicable SEC regulations and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 609.35 Td (public reporting requirements. BANA, the primary banking entity within the Company) Tj ET Q q 0 0 0 rg BT 456.52 609.35 Td (, is subject to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 596.15 Td (regulation, supervision, and examination by the Of) Tj ET Q q 0 0 0 rg BT 295.42 596.15 Td (fice of the Comptroller of the Currency \(OCC\) and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.95 Td (the FDIC. In addition, the Consumer Financial Protection Bureau, which regulates consumer financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.75 Td (products and services, supervises the entities providing such products and services.) 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It is also responsible for promoting ef) Tj ET Q q 0 0 0 rg BT 363.57 250.75 Td (fective competition, ensuring that ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 237.55 Td (relevant markets function well, and for the conduct regulation of all financial services firms.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 213.35 Td (Germany) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 189.15 Td (BANA-F operates as a branch of BANA) Tj ET Q q 0 0 0 rg BT 249.79 189.15 Td ( under the German Banking ) Tj ET Q q 0 0 0 rg BT 374.12 189.15 Td (Act and is considered a credit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 175.95 Td (institution under the authority of the German Federal Financial Supervisory ) Tj ET Q q 0 0 0 rg BT 406.82 175.95 Td (Authority \(BaFin\).) 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However) Tj ET Q q 0 0 0 rg BT 501.56 626.80 Td (, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 613.60 Td (Monetary ) Tj ET Q q 0 0 0 rg BT 116.91 613.60 Td (Authority of Singapore has indirect powers over MLGS through BAC) Tj ET Q q 0 0 0 rg BT 428.23 613.60 Td (s other regulated entities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 600.40 Td (in Singapore. MLGS is subject to oversight by the OCC and Federal Reserve as an af) Tj ET Q q 0 0 0 rg BT 449.70 600.40 Td (filiate of BAC and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 587.20 Td (as a supplier of services.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 563.00 Td (Additional information can be found in the Government Supervision and Regulation section of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 549.80 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 549.80 Td (America 2014 ) Tj ET Q q 0 0 0 rg BT 174.03 549.80 Td (Annual Report on Form 10-K.) 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Moynihan, Chairman of the Board and Chief Executive Officer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 647.95 Td (Brian Moynihan is the Chairman of the BAC Board of Directors \(the Board\) and Chief Executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 634.75 Td (Of) Tj ET Q q 0 0 0 rg BT 83.41 634.75 Td (ficer \(CEO\) of Bank of ) Tj ET Q q 0 0 0 rg BT 197.33 634.75 Td (America. Moynihan leads one of the world) Tj ET Q q 0 0 0 rg BT 389.47 634.75 Td (s lar) Tj ET Q q 0 0 0 rg BT 407.91 634.75 Td (gest financial institutions, and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 621.55 Td (in his more than 20-year tenure at Bank of ) Tj ET Q q 0 0 0 rg BT 260.47 621.55 Td (America, he has led each of the Company) Tj ET Q q 0 0 0 rg BT 447.40 621.55 Td (s lines of business, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 608.35 Td (including consumer / small business banking, wealth management, and corporate / investment banking.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 584.15 Td (Dean C. ) Tj ET Q q 0 0 0 rg BT 112.03 584.15 Td (Athanasia, Pr) Tj ET Q q 0 0 0 rg BT 176.61 584.15 Td (esident, Pr) Tj ET Q q 0 0 0 rg BT 226.52 584.15 Td (eferr) Tj ET Q q 0 0 0 rg BT 249.51 584.15 Td (ed & Small Business Banking and Co-Head Consumer) Tj ET Q q 0 0 0 rg BT 504.50 584.15 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 570.95 Td (Banking) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 546.75 Td (Dean ) Tj ET Q q 0 0 0 rg BT 97.35 546.75 Td (Athanasia is President of Preferred and Small Business Banking at Bank of ) Tj ET Q q 0 0 0 rg BT 430.35 546.75 Td (America. His team is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 533.55 Td (responsible for growing relationships with the Company) Tj ET Q q 0 0 0 rg BT 323.13 533.55 Td (s mass af) Tj ET Q q 0 0 0 rg BT 363.26 533.55 Td (fluent and small business banking ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 520.35 Td (customers.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 496.15 Td (Catherine P) Tj ET Q q 0 0 0 rg BT 127.50 496.15 Td (. Bessant, Global ) Tj ET Q q 0 0 0 rg BT 208.90 496.15 Td (T) Tj ET Q q 0 0 0 rg BT 215.23 496.15 Td (echnology and Operations Executive) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 471.95 Td (Catherine Bessant is the Global ) Tj ET Q q 0 0 0 rg BT 213.24 471.95 Td (T) Tj ET Q q 0 0 0 rg BT 219.19 471.95 Td (echnology and Operations Executive at Bank of ) Tj ET Q q 0 0 0 rg BT 432.10 471.95 Td (America. Since 2010, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 458.75 Td (Bessant has been responsible for delivering end-to-end technology and operating services across the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 445.55 Td (Company) Tj ET Q q 0 0 0 rg BT 114.06 445.55 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 421.35 Td (David C. Darnell, ) Tj ET Q q 0 0 0 rg BT 157.05 421.35 Td (V) Tj ET Q q 0 0 0 rg BT 164.59 421.35 Td (ice Chairman, Global ) Tj ET Q q 0 0 0 rg BT 268.28 421.35 Td (W) Tj ET Q q 0 0 0 rg BT 278.67 421.35 Td (ealth & Investment Management) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 397.15 Td (David Darnell is the ) Tj ET Q q 0 0 0 rg BT 163.44 397.15 Td (V) Tj ET Q q 0 0 0 rg BT 170.73 397.15 Td (ice Chairman of Bank of ) Tj ET Q q 0 0 0 rg BT 281.61 397.15 Td (America. In this role, he is responsible for Bank of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 383.95 Td (America) Tj ET Q q 0 0 0 rg BT 112.92 383.95 Td (s Global ) Tj ET Q q 0 0 0 rg BT 152.44 383.95 Td (W) Tj ET Q q 0 0 0 rg BT 161.94 383.95 Td (ealth & Investment Management division, which includes Merrill L) Tj ET Q q 0 0 0 rg BT 459.19 383.95 Td (ynch ) Tj ET Q q 0 0 0 rg BT 483.12 383.95 Td (W) Tj ET Q q 0 0 0 rg BT 492.62 383.95 Td (ealth ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 370.75 Td (Management and U.S. ) Tj ET Q q 0 0 0 rg BT 172.92 370.75 Td (T) Tj ET Q q 0 0 0 rg BT 179.25 370.75 Td (rust.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 346.55 Td (Anne M. Finucane, Global Chief Strategy and Marketing Officer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 322.35 Td (Anne Finucane is the Global Chief Strategy and Marketing Of) Tj ET Q q 0 0 0 rg BT 345.82 322.35 Td (ficer at Bank of ) Tj ET Q q 0 0 0 rg BT 416.68 322.35 Td (America. She chairs the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 309.15 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 309.15 Td (America Charitable Foundation and serves as president of the Company) Tj ET Q q 0 0 0 rg BT 429.11 309.15 Td (s Northeast region. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 284.95 Td (Geoffr) Tj ET Q q 0 0 0 rg BT 102.95 284.95 Td (ey S. Gr) Tj ET Q q 0 0 0 rg BT 140.94 284.95 Td (eener) Tj ET Q q 0 0 0 rg BT 165.58 284.95 Td (, Chief Risk Officer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 260.75 Td (Geof) Tj ET Q q 0 0 0 rg BT 93.79 260.75 Td (frey Greener is the Chief Risk Of) Tj ET Q q 0 0 0 rg BT 240.21 260.75 Td (ficer for Bank of ) Tj ET Q q 0 0 0 rg BT 315.96 260.75 Td (America. Greener is responsible for overseeing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 247.55 Td (the Company) Tj ET Q q 0 0 0 rg BT 134.02 247.55 Td (s governance and strategy for global risk management and compliance, including ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 234.35 Td (relationships with key regulators and supervisory institutions worldwide.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 210.15 Td (Christine P) Tj ET Q q 0 0 0 rg BT 124.46 210.15 Td (. Katziff, Corporate General ) Tj ET Q q 0 0 0 rg BT 260.08 210.15 Td (Auditor) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 185.95 Td (Christine Katzif) Tj ET Q q 0 0 0 rg BT 142.37 185.95 Td (f is the Corporate General ) Tj ET Q q 0 0 0 rg BT 258.74 185.95 Td (Auditor of Bank of ) Tj ET Q q 0 0 0 rg BT 344.90 185.95 Td (America. She leads a global team of audit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 172.75 Td (and credit review professionals responsible for providing an independent assessment of the Company) Tj ET Q q 0 0 0 rg BT 521.06 172.75 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 159.55 Td (internal controls and credit standards and for making recommendations in support of the Company) Tj ET Q q 0 0 0 rg BT 509.14 159.55 Td (s risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 146.35 Td (framework and business strategies. She reports directly to the ) Tj ET Q q 0 0 0 rg BT 347.24 146.35 Td (Audit Committee of the Board.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 122.15 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 122.15 Td (erry P) Tj ET Q q 0 0 0 rg BT 106.93 122.15 Td (. Laughlin, Pr) Tj ET Q q 0 0 0 rg BT 172.14 122.15 Td (esident of Strategic Initiatives) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 97.95 Td (T) Tj ET Q q 0 0 0 rg BT 77.95 97.95 Td (erry Laughlin is President of Strategic Initiatives for Bank of ) Tj ET Q q 0 0 0 rg BT 348.00 97.95 Td (America. Laughlin is responsible for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 84.75 Td (overseeing a number of businesses, teams and programs that help connect and simplify Bank of ) Tj ET Q q 0 0 0 rg BT 494.79 84.75 Td (America) Tj ET Q q 0 0 0 rg BT 535.71 84.75 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 71.55 Td (businesses for customers and clients and improve delivery of the Company) Tj ET Q q 0 0 0 rg BT 404.98 71.55 Td (s products.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (59) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (Gary G. L) Tj ET Q q 0 0 0 rg BT 119.97 712.60 Td (ynch, Global General Counsel ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 688.40 Td (Gary L) Tj ET Q q 0 0 0 rg BT 102.85 688.40 Td (ynch is Global General Counsel for Bank of ) Tj ET Q q 0 0 0 rg BT 298.98 688.40 Td (America, responsible for overseeing the Company) Tj ET Q q 0 0 0 rg BT 523.19 688.40 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 675.20 Td (legal functions and its relationships with regulatory and law enforcement authorities around the world. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 651.00 Td (Thomas K. Montag, Chief Operating Officer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 626.80 Td (Thomas Montag is Chief Operating Of) Tj ET Q q 0 0 0 rg BT 242.58 626.80 Td (ficer of Bank of ) Tj ET Q q 0 0 0 rg BT 314.66 626.80 Td (America. In this role, he is responsible for all of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 613.60 Td (the businesses that serve companies and institutional investors, including middle-market commercial and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 600.40 Td (lar) Tj ET Q q 0 0 0 rg BT 83.40 600.40 Td (ge corporate clients, and institutional investor clients, including Bank of ) Tj ET Q q 0 0 0 rg BT 402.95 600.40 Td (America Merrill L) Tj ET Q q 0 0 0 rg BT 483.58 600.40 Td (ynch Global ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 587.20 Td (Research and the global markets sales and trading businesses. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 563.00 Td (Thong M. Nguyen, Pr) Tj ET Q q 0 0 0 rg BT 174.17 563.00 Td (esident, Retail Banking and Co-Head Consumer) Tj ET Q q 0 0 0 rg BT 400.10 563.00 Td ( Banking) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 538.80 Td (Thong Nguyen is President of Bank of ) Tj ET Q q 0 0 0 rg BT 244.01 538.80 Td (America) Tj ET Q q 0 0 0 rg BT 284.93 538.80 Td (s Retail Banking business. His team is responsible for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 525.60 Td (providing a full range of financial products and services to customers. Nguyen oversees Bank of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 512.40 Td (America) Tj ET Q q 0 0 0 rg BT 112.92 512.40 Td (s coast-to-coast financial center and contact center network, including ) Tj ET Q q 0 0 0 rg BT 422.63 512.40 Td (A) Tj ET Q q 0 0 0 rg BT 429.35 512.40 Td (TMs and digital banking ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 499.20 Td (platform. In addition, Nguyen manages Consumer and Business Lending and Military Banking Overseas.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 475.00 Td (Andr) Tj ET Q q 0 0 0 rg BT 96.86 475.00 Td (ea B. Smith, Global Head of Human Resour) Tj ET Q q 0 0 0 rg BT 302.32 475.00 Td (ces) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 450.80 Td (Andrea Smith is Bank of ) Tj ET Q q 0 0 0 rg BT 183.52 450.80 Td (America) Tj ET Q q 0 0 0 rg BT 224.44 450.80 Td (s Global Head of Human Resources. Smith leads a global team of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 437.60 Td (human resources professionals responsible for recruiting, leadership development, learning, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 424.40 Td (compensation, benefits, diversity and inclusion, and employee relations. She is also responsible for the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 411.20 Td (Company) Tj ET Q q 0 0 0 rg BT 117.83 411.20 Td (s Corporate ) Tj ET Q q 0 0 0 rg BT 170.99 411.20 Td (A) Tj ET Q q 0 0 0 rg BT 178.12 411.20 Td (viation, Corporate Security) Tj ET Q q 0 0 0 rg BT 296.84 411.20 Td (, Executive Protection and Global Corporate Services, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 398.00 Td (which manages the Company) Tj ET Q q 0 0 0 rg BT 204.89 398.00 Td (s real estate footprint, vendor administration, and employee services.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 373.80 Td (Bruce R. ) Tj ET Q q 0 0 0 rg BT 116.10 373.80 Td (Thompson, Chief Financial Officer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 349.60 Td (Bruce ) Tj ET Q q 0 0 0 rg BT 100.82 349.60 Td (Thompson is Chief Financial Of) Tj ET Q q 0 0 0 rg BT 242.99 349.60 Td (ficer at Bank of ) Tj ET Q q 0 0 0 rg BT 313.85 349.60 Td (America with responsibility for all finance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 336.40 Td (functions, as well as Corporate ) Tj ET Q q 0 0 0 rg BT 210.49 336.40 Td (T) Tj ET Q q 0 0 0 rg BT 216.82 336.40 Td (reasury) Tj ET Q q 0 0 0 rg BT 248.48 336.40 Td (, Investor Relations, and Corporate Investments. ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (60) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 710.55 Td (CORPORA) Tj ET Q q 0 0 0 rg BT 141.73 710.55 Td (TE GOVERNANCE STRUCTURE ) Tj ET Q q 0 0 0 rg BT 357.61 710.55 Td (AND PROCESSES ) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 72.00 693.75 Td (RELA) Tj ET Q q 0 0 0 rg BT 109.86 693.75 Td (TED ) Tj ET Q q 0 0 0 rg BT 141.89 693.75 Td (T) Tj ET Q q 0 0 0 rg BT 150.98 693.75 Td (O RESOLUTION PLANNING ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 669.55 Td (RISK MANAGEMENT) Tj ET Q q 0 0 0 rg BT 184.56 669.55 Td ( OVER) Tj ET Q q 0 0 0 rg BT 218.70 669.55 Td (VIEW) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 644.35 Td (Risk is inherent in all of the Company) Tj ET Q q 0 0 0 rg BT 242.78 644.35 Td (s business activities. If not managed well, risks can result in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 631.15 Td (financial loss, regulatory sanctions and penalties, and damage to the Company) Tj ET Q q 0 0 0 rg BT 419.63 631.15 Td (s reputation, each of which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 617.95 Td (may adversely impact the ability to execute business strategies.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 592.75 Td (A) Tj ET Q q 0 0 0 rg BT 79.34 592.75 Td ( strong risk culture is fundamental to the Company) Tj ET Q q 0 0 0 rg BT 306.02 592.75 Td (s core values and operating principles. It requires ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 579.55 Td (the firm to focus on risk in all activities and encourages the necessary mindset and behavior to enable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 566.35 Td (ef) Tj ET Q q 0 0 0 rg BT 80.35 566.35 Td (fective risk management and promote sound risk-taking. Sustaining a strong risk culture throughout the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 553.15 Td (or) Tj ET Q q 0 0 0 rg BT 80.96 553.15 Td (ganization is critical to the success of the Company and is a clear expectation of the executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 539.95 Td (management team and the boards of directors.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 514.75 Td (In order to ensure consistent and ef) Tj ET Q q 0 0 0 rg BT 226.36 514.75 Td (fective risk management, the Company has established a risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 501.55 Td (governance framework \(Risk Framework\) and a Risk ) Tj ET Q q 0 0 0 rg BT 318.50 501.55 Td (Appetite Statement. ) Tj ET Q q 0 0 0 rg BT 411.17 501.55 Td (The Risk Framework sets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 488.35 Td (forth roles and responsibilities for the management of risk by front line units, independent risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 475.15 Td (management, other control functions, and corporate audit. It provides a blueprint for how the boards of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 461.95 Td (directors, through delegation of authority to committees and executive of) Tj ET Q q 0 0 0 rg BT 393.15 461.95 Td (ficers, establish risk appetite and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 448.75 Td (associated limits for activities. ) Tj ET Q q 0 0 0 rg BT 211.10 448.75 Td (The Risk ) Tj ET Q q 0 0 0 rg BT 253.27 448.75 Td (Appetite Statement is intended to ensure the Company maintains ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 435.55 Td (an acceptable risk profile by providing a common framework and a comparable set of measures for senior ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 422.35 Td (management and the Board to clearly indicate the level of risk the Company is willing to accept.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 396.15 Td (RISK MANAGEMENT) Tj ET Q q 0 0 0 rg BT 184.56 396.15 Td ( GOVERNANCE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 370.95 Td (The Risk Framework includes delegations of authority whereby the Board and its committees may ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 357.75 Td (delegate authority to management-level committees or executive of) Tj ET Q q 0 0 0 rg BT 368.38 357.75 Td (ficers. Such delegations may ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 344.55 Td (authorize certain decision-making and approval functions, which may be evidenced in, for example, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 331.35 Td (committee charters, job descriptions, meeting minutes, and resolutions.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 306.15 Td (The chart below illustrates the relationships among the Board, Board committees and management ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 292.95 Td (committees that have the majority of risk oversight responsibilities for the Company) Tj ET Q q 0 0 0 rg BT 442.46 292.95 Td (. ) Tj ET Q q 0 0 0 rg BT 450.51 292.95 Td (This chart reflects ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 279.75 Td (the revised Risk Framework approved by the Board in January 2015.) Tj ET Q /GS0 gs q 468.00 0 0 170.80 72.00 97.96 cm /I14 Do Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 72.00 90.75 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 80.39 90.75 Td (This presentation does not include committees for other legal entities.) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 72.00 83.55 Td (\(2\) Reports to the CEO and CFO with oversight by the ) Tj ET Q q 0 0 0 rg BT 204.49 83.55 Td (Audit Committee.) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (61) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 712.60 Td (Board of Dir) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 131.68 712.60 Td (ectors and Board Committees) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 686.20 Td (The Board, which consists of a substantial majority of independent directors, authorizes management to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 673.00 Td (maintain an ef) Tj ET Q q 0 0 0 rg BT 134.72 673.00 Td (fective Risk Framework, and oversees compliance with safe and sound banking practices. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.80 Td (In addition, the Board or its committees conduct appropriate inquiries of, and receive reports from, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.60 Td (management on risk-related matters to determine whether there are scope or resource limitations that ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.40 Td (impede the ability of independent risk management and / or Corporate ) Tj ET Q q 0 0 0 rg BT 383.27 633.40 Td (Audit to execute its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.20 Td (responsibilities. ) Tj ET Q q 0 0 0 rg BT 146.66 620.20 Td (The Board committees described below have the principal responsibility for enterprise-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 607.00 Td (wide oversight of the Company) Tj ET Q q 0 0 0 rg BT 213.75 607.00 Td (s risk management activities. ) Tj ET Q q 0 0 0 rg BT 343.99 607.00 Td (These committees and other Board ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 593.80 Td (committees, as applicable, regularly report to the Board on risk-related matters. ) Tj ET Q q 0 0 0 rg BT 426.43 593.80 Td (Through these activities, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 580.60 Td (the Board and applicable committees are provided with thorough information on the Company) Tj ET Q q 0 0 0 rg BT 491.12 580.60 Td (s risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 567.40 Td (profile, and challenge executive management to appropriately address key risks facing the Company) Tj ET Q q 0 0 0 rg BT 513.27 567.40 Td (. ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 541.20 Td (Enterprise Risk Committee) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 516.00 Td (The Enterprise Risk Committee \(ERC\) has primary responsibility for oversight of the Company) Tj ET Q q 0 0 0 rg BT 506.41 516.00 Td (s Risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 502.80 Td (Framework and material risks facing the Company) Tj ET Q q 0 0 0 rg BT 294.89 502.80 Td (. It approves the Risk Framework and the Risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 489.60 Td (Appetite Statement and further recommends these documents to the Board for approval. ) Tj ET Q q 0 0 0 rg BT 464.63 489.60 Td (The ERC ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 476.40 Td (oversees senior management) Tj ET Q q 0 0 0 rg BT 201.51 476.40 Td (s responsibilities for the identification, measurement, monitoring and control ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 463.20 Td (of all key risks facing the Company) Tj ET Q q 0 0 0 rg BT 228.30 463.20 Td (. ) Tj ET Q q 0 0 0 rg BT 236.36 463.20 Td (The ERC may consult with other Board committees on risk-related ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 450.00 Td (matters. ) Tj ET Q q 0 0 0 rg BT 112.43 450.00 Td (The ERC reviews the Company) Tj ET Q q 0 0 0 rg BT 255.40 450.00 Td (s Resolution Plan on annual basis and, if appropriate, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 436.80 Td (recommends to the Board for approval.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 411.60 Td (Audit Committee) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 386.40 Td (The ) Tj ET Q q 0 0 0 rg BT 91.24 386.40 Td (Audit Committee oversees the qualifications, performance, and independence of the Independent ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 373.20 Td (Registered Public ) Tj ET Q q 0 0 0 rg BT 152.05 373.20 Td (Accounting Firm; the performance of the Company) Tj ET Q q 0 0 0 rg BT 381.76 373.20 Td (s corporate audit function; the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 360.00 Td (integrity of the Company) Tj ET Q q 0 0 0 rg BT 185.95 360.00 Td (s consolidated financial statements; compliance by the Company with legal and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 346.80 Td (regulatory requirements; and makes inquiries of management or the Corporate General ) Tj ET Q q 0 0 0 rg BT 456.56 346.80 Td (Auditor to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 333.60 Td (determine whether there are scope or resource limitations that impede the ability of Corporate ) Tj ET Q q 0 0 0 rg BT 486.79 333.60 Td (Audit to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 320.40 Td (execute its responsibilities. ) Tj ET Q q 0 0 0 rg BT 196.14 320.40 Td (The ) Tj ET Q q 0 0 0 rg BT 215.38 320.40 Td (Audit Committee is also responsible for overseeing compliance risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 307.20 Td (pursuant to the NYSE listing standards.) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 280.80 Td (Cr) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 84.63 280.80 Td (edit Committee) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 255.60 Td (The Credit Committee provides additional oversight of senior management) Tj ET Q q 0 0 0 rg BT 405.59 255.60 Td (s responsibilities for the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 242.40 Td (identification and management of enterprise-wide credit exposures. ) Tj ET Q q 0 0 0 rg BT 373.88 242.40 Td (The Credit Committee oversees, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 229.20 Td (among other things, the identification and management of credit exposures on an enterprise-wide basis, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 216.00 Td (responses to trends af) Tj ET Q q 0 0 0 rg BT 166.81 216.00 Td (fecting those exposures, the adequacy of the allowance for credit losses, and credit-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 202.80 Td (related policies.) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 176.60 Td (Other) Tj ET Q q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 99.90 176.60 Td ( Board Committees) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 151.40 Td (The Corporate Governance Committee oversees the Board) Tj ET Q q 0 0 0 rg BT 332.85 151.40 Td (s governance processes, identifies and reviews ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 138.20 Td (the qualifications of potential Board members, recommends nominees for election to the Board and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 125.00 Td (recommends committee appointments for Board approval.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 99.80 Td (The Compensation and Benefits Committee oversees establishing, maintaining, and administering ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 86.60 Td (compensation programs and employee benefit plans, including approving and recommending the CEO) Tj ET Q q 0 0 0 rg BT 526.55 86.60 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 73.40 Td (compensation to the Board for further approval by all independent directors, and reviewing and approving ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 60.20 Td (all executive of) Tj ET Q q 0 0 0 rg BT 139.60 60.20 Td (ficers) Tj ET Q q 0 0 0 rg BT 166.88 60.20 Td ( compensation.) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (62) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.17254901960784313 0.17254901960784313 0.17254901960784313 rg BT 72.00 712.60 Td (Management Committees) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 687.40 Td (Management committees may receive their authority from the Board, a Board committee, another ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 674.20 Td (management committee or from one or more executive of) Tj ET Q q 0 0 0 rg BT 325.92 674.20 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 358.40 674.20 Td (The primary management-level risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 661.00 Td (committee for the Company is the Management Risk Committee \(MRC\). Subject to Board oversight, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 647.80 Td (the MRC is responsible for management oversight of all key risks facing the Company) Tj ET Q q 0 0 0 rg BT 452.85 647.80 Td (. ) Tj ET Q q 0 0 0 rg BT 460.90 647.80 Td (The MRC ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 634.60 Td (provides management oversight of the Company) Tj ET Q q 0 0 0 rg BT 289.20 634.60 Td (s credit portfolio, compliance and operational risk ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 621.40 Td (programs, balance sheet and capital management, funding activities and other liquidity activities, stress ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 608.20 Td (testing, trading activities, recovery and resolution planning, model risk, subsidiary governance and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 595.00 Td (activities between banks and their non-bank af) Tj ET Q q 0 0 0 rg BT 276.45 595.00 Td (filiates pursuant to Federal Reserve rules and regulations. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 581.80 Td (The MRC is responsible for holistic risk management, including an integrated evaluation of risk, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 568.60 Td (earnings, capital and liquidity) Tj ET Q q 0 0 0 rg BT 202.03 568.60 Td (, and it reports on these matters to the Board or Board committees. ) Tj ET Q q 0 0 0 rg BT 499.98 568.60 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 555.40 Td (MRC reviews the Company) Tj ET Q q 0 0 0 rg BT 198.18 555.40 Td (s Resolution Plan on an annual basis and recommends to the ERC for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 542.20 Td (approval.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 517.00 Td (RESOLUTION ) Tj ET Q q 0 0 0 rg BT 148.10 517.00 Td (PLANNING ) Tj ET Q q 0 0 0 rg BT 209.52 517.00 Td (GOVERNANCE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 491.80 Td (Resolution planning enables Bank of ) Tj ET Q q 0 0 0 rg BT 236.67 491.80 Td (America to develop a deep understanding of its businesses, Material ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 478.60 Td (Entities and operational structure in the context of advance preparation for potential future crises. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 465.40 Td (Through the planning process, the Company has developed, and will maintain, a plan of action, to resolve ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 452.20 Td (the Company) Tj ET Q q 0 0 0 rg BT 130.25 452.20 Td (, along with the governance structure, financial resources, operational capabilities and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 439.00 Td (information capabilities required to enable those actions to be implemented. ) Tj ET Q q 0 0 0 rg BT 411.47 439.00 Td (The Company has designed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 425.80 Td (a comprehensive process to ensure proper governance and internal controls are incorporated in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 412.60 Td (developing and maintaining its Resolution Plan. ) Tj ET Q q 0 0 0 rg BT 288.72 412.60 Td (This section focuses on the or) Tj ET Q q 0 0 0 rg BT 419.58 412.60 Td (ganizational structure, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 399.40 Td (policy and procedures, and approval process utilized in the development and maintenance of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 386.20 Td (Resolution Plan. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 362.00 Td (ORGANIZA) Tj ET Q q 0 0 0 rg BT 131.69 362.00 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 174.48 362.00 Td ( STRUCTURE) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 337.80 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 109.28 337.80 Td (America develops and or) Tj ET Q q 0 0 0 rg BT 219.34 337.80 Td (ganizes the Resolution Plan through three primary or) Tj ET Q q 0 0 0 rg BT 452.23 337.80 Td (ganizational ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 324.60 Td (bodies: the Global Recovery and Resolution Planning Group \(GRRP\), Resolution Planning Of) Tj ET Q q 0 0 0 rg BT 497.08 324.60 Td (ficers ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 311.40 Td (and the Enterprise Resolution Execution Of) Tj ET Q q 0 0 0 rg BT 263.95 311.40 Td (fice.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 287.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 287.20 Td (GRRP) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 121.16 287.20 Td ( is a central function within the Global Risk Management or) Tj ET Q q 0 0 0 rg BT 385.51 287.20 Td (ganization that is responsible for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 274.00 Td (the development, coordination and maintenance of the Resolution Plan. ) Tj ET Q q 0 0 0 rg BT 409.94 274.00 Td (This group serves as the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 260.80 Td (subject matter expert on regulations related to resolution planning and develops and maintains the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 247.60 Td (policies, procedures, and tools that support development and maintenance of the Plan. ) Tj ET Q q 0 0 0 rg BT 473.47 247.60 Td (The GRRP) Tj ET Q q 0 0 0 rg BT 521.65 247.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 234.40 Td (policies and procedures also outline enterprise-wide requirements for the identification of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 221.20 Td (impediments to an orderly resolution and the requirements for addressing and mitigating such ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 208.00 Td (impediments. GRRP) Tj ET Q q 0 0 0 rg BT 183.40 208.00 Td ( chairs the Global Recovery and Resolution Planning Council which includes ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 194.80 Td (Resolution Planning Of) Tj ET Q q 0 0 0 rg BT 193.69 194.80 Td (ficers and the Enterprise Resolution Execution Of) Tj ET Q q 0 0 0 rg BT 412.81 194.80 Td (fice executive to ensure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 181.60 Td (coordination across the three bodies.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 155.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 155.20 Td (Bank of ) Tj ET Q q 0 0 0 rg BT 127.28 155.20 Td (America has integrated resolution planning into business-as-usual activities to ensure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 142.00 Td (resolution preparedness is a key consideration in critical business activities and decisions of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 128.80 Td (Company) Tj ET Q q 0 0 0 rg BT 132.06 128.80 Td (. Since 2012, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 195.00 128.80 Td (Resolution Planning Officers) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 330.67 128.80 Td ( have served as representatives of the front line ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 115.60 Td (units and control functions for resolution planning activities. ) Tj ET Q q 0 0 0 rg BT 361.70 115.60 Td (These of) Tj ET Q q 0 0 0 rg BT 399.68 115.60 Td (ficers serve to educate their ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 102.40 Td (respective front line units and control functions on resolution preparedness, to identify risks and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 89.20 Td (mitigants to resolvability) Tj ET Q q 0 0 0 rg BT 199.27 89.20 Td (, to identify interconnectedness between Core Business Lines, Critical ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 76.00 Td (Operations and Material Entities, and to provide information to GRRP) Tj ET Q q 0 0 0 rg BT 399.37 76.00 Td ( as part of the development of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 62.80 Td (the annual Resolution Plan. ) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 529.00 41.90 Td (63) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 90.00 699.20 Td (The Enterprise Resolution Execution Office ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 298.07 699.20 Td (is a central group under the Global ) Tj ET Q q 0 0 0 rg BT 453.34 699.20 Td (T) Tj ET Q q 0 0 0 rg BT 459.29 699.20 Td (echnology and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 686.00 Td (Operations or) Tj ET Q q 0 0 0 rg BT 149.98 686.00 Td (ganization responsible for the management, execution, and reporting of all initiatives ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 672.80 Td (related to resolution preparedness. ) Tj ET Q q 0 0 0 rg BT 246.19 672.80 Td (The Enterprise Resolution Execution Of) Tj ET Q q 0 0 0 rg BT 423.17 672.80 Td (fice ensures that projects ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 659.60 Td (have detailed milestones and delivery dates, estimated budgets, needed personnel, and consistency of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 646.40 Td (execution across the enterprise. ) Tj ET Q q 0 0 0 rg BT 233.35 646.40 Td (The group reports progress against milestones, as well as key risks to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 633.20 Td (successful execution of the initiatives, to senior management. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 606.80 Td (POLICY) Tj ET Q q 0 0 0 rg BT 114.37 606.80 Td ( ) Tj ET Q q 0 0 0 rg BT 116.52 606.80 Td (AND PROCEDURES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 582.60 Td (The Resolution Planning Policy serves as the overall framework the Company follows in development of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 569.40 Td (its Resolution Plan. ) Tj ET Q q 0 0 0 rg BT 163.17 569.40 Td (The policy sets forth the requirements for resolution planning and preparedness ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 556.20 Td (across the Company) Tj ET Q q 0 0 0 rg BT 160.49 556.20 Td (. Front line units and control functions must implement appropriate controls and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 543.00 Td (monitoring routines to comply with the policy) Tj ET Q q 0 0 0 rg BT 274.15 543.00 Td (. GRRP) Tj ET Q q 0 0 0 rg BT 310.73 543.00 Td ( implements controls and performs monitoring ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 529.80 Td (activities to assess adherence with policy requirements. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 505.60 Td (In addition to the policy) Tj ET Q q 0 0 0 rg BT 176.99 505.60 Td (, GRRP) Tj ET Q q 0 0 0 rg BT 210.82 505.60 Td ( maintains a detailed procedure document that outlines the steps necessary ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 492.40 Td (to develop the Plan to ensure that a consistent process is used. ) Tj ET Q q 0 0 0 rg BT 349.80 492.40 Td (The procedures outline the resolution ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 479.20 Td (planning scope, detailed steps for development of the Plan, governance of the Plan and the infrastructure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 466.00 Td (and tools utilized to develop the Plan. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 441.80 Td (APPROV) Tj ET Q q 0 0 0 rg BT 116.41 441.80 Td (AL) Tj ET Q q 0 0 0 rg BT 131.08 441.80 Td ( PROCESS ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 417.60 Td (GRRP) Tj ET Q q 0 0 0 rg BT 99.52 417.60 Td (, under the direction of the Chief Risk Of) Tj ET Q q 0 0 0 rg BT 280.47 417.60 Td (ficer) Tj ET Q q 0 0 0 rg BT 300.17 417.60 Td (, prepares and maintains the Resolution Plan, with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 404.40 Td (reviews performed by the MRC and the ERC with recommendation for approval to the Board. ) Tj ET Q q 0 0 0 rg BT 491.84 404.40 Td (The table ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 391.20 Td (below outlines the Resolution Plan ownership roles and responsibilities.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 330.07 Td (Develops and maintains the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 320.07 Td (BAC Resolution Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 292.23 Td (Global Stress Testing,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 282.23 Td (Recovery & Resolution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 272.23 Td (Planning Executive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 292.07 Td (Directly manages enterprise stress testing, recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 282.07 Td (planning and resolution planning functions for the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 272.07 Td (Company.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 292.07 Td (Directs and oversees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 282.07 Td (enterprise-wide resolution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 272.07 Td (planning) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 253.23 Td (Management Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 243.23 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 253.07 Td (The MRC is responsible for holistic risk management,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 243.07 Td (including an integrated evaluation of risk, earnings, capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 233.07 Td (and liquidity, and it reports on these matters to the Board) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 223.07 Td (or Board committees. The MRC is an executive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 213.07 Td (management-level subcommittee of the ERC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 253.07 Td (Reviews and recommends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 243.07 Td (the BAC Resolution Plan to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 233.07 Td (the ERC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 193.23 Td (Enterprise Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 183.23 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 193.07 Td (The Enterprise Risk Committee has primary responsibility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 183.07 Td (for oversight of the Companys Risk Framework and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 173.07 Td (material risks facing the Company. The ERC is a Board-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 163.07 Td (level subcommittee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 193.07 Td (Reviews and recommends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 183.07 Td (the BAC Resolution Plan to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 173.07 Td (the Board of Directors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 145.23 Td (BAC Board of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 135.23 Td (Directors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 145.07 Td (Oversight responsibility for BAC. Ultimate responsibility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.00 135.07 Td (for the BAC Resolution Plan.) 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