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(1)	Fully taxable-equivalent (FTE) basis, return on average tangible shareholders' equity and the efficiency ratio are non-GAAP financial measures. Other companies may define or calculate these measures differently. For additional information on these measures and ratios, and a corresponding reconciliation to GAAP financial measures, see Supplemental Financial Data on page 16.

(2)

Balances and ratios do not include loans accounted for under the fair value option. For additional exclusions from nonperforming loans, leases and foreclosed properties, see Consumer Portfolio Credit Risk Management – Nonperforming Consumer Loans and Foreclosed Properties Activity on page 89 and corresponding Table 38, and Commercial Portfolio Credit Risk Management – Nonperforming Commercial Loans, Leases and Foreclosed Properties Activity on page 98 and corresponding Table 47.

(3)

Net charge-offs exclude $839 million of write-offs in the purchased credit-impaired loan portfolio for the three months ended March 31, 2013. These write-offs decreased the purchased credit-impaired valuation allowance included as part of the allowance for loan and lease losses. For information on purchased credit-impaired write-offs, see Consumer Portfolio Credit Risk Management – Purchased Credit-impaired Loan Portfolio on page 83.

(4)	There were no write-offs of purchased credit-impaired loans in the three months ended March 31, 2012.

(5)	Presents capital ratios in accordance with the Basel 1 – 2013 Rules, which includes the Market Risk Final Rule at March 31, 2013. Basel 1 did not include the Basel 1 – 2013 Rules at December 31, 2012.

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(1)	FTE basis is a non-GAAP financial measure. For additional information on this measure and for a corresponding reconciliation to GAAP financial measures, see Supplemental Financial Data on page 16.

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•	Service charges decreased $113 million primarily due to a shift in product mix on consumer checking accounts and lower commercial banking fees.

•	Investment and brokerage services income increased $151 million primarily driven by higher market levels and long-term assets under management (AUM) flows.

•	Investment banking income increased $318 million due to an increase in capital markets underwriting and advisory fees.

•	Equity investment income decreased $202 million due primarily to lower gains in our Global Principal Investments (GPI) portfolio.

•

Trading account profits increased $914 million. Net DVA losses on derivatives were $54 million for the three months ended March 31, 2013 compared to $1.5 billion a year ago. Excluding net DVA, trading account profits decreased $491 million primarily due to decreases within our fixed income, currencies and commodities (FICC) businesses reflecting less favorable market conditions primarily in credit-related products and commodities.

•	Mortgage banking income decreased $349 million primarily driven by a decrease in servicing income due to a smaller servicing portfolio and to a lesser extent, a decline in core production income.

•	Other loss of $112 million in the current-year period decreased from a loss a year ago of $1.2 billion primarily driven by lower negative fair value adjustments on our structured liabilities of $90 million compared to $3.3 billion a year ago, partially offset by $1.2 billion of gains related to subordinated debt repurchases and exchanges of trust preferred securities a year ago.

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(1)	Due to a net loss applicable to common shareholders for the third quarter of 2012, the impact of antidilutive equity instruments was excluded from diluted earnings per share and average diluted common shares.

(2)	Calculated as total net income for four consecutive quarters divided by annualized average assets for four consecutive quarters.

(3)	Tangible equity ratios and tangible book value per share of common stock are non-GAAP financial measures. Other companies may define or calculate these measures differently. For additional information on these ratios and for corresponding reconciliations to GAAP financial measures, see Supplemental Financial Data on page 16.

(4)	For more information on the impact of the purchased credit-impaired loan portfolio on asset quality, see Consumer Portfolio Credit Risk Management on page 72.

(5)	Includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.

(6)

Balances and ratios do not include loans accounted for under the fair value option. For additional exclusions from nonperforming loans, leases and foreclosed properties, see Consumer Portfolio Credit Risk Management – Nonperforming Consumer Loans and Foreclosed Properties Activity on page 89 and corresponding Table 38, and Commercial Portfolio Credit Risk Management – Nonperforming Commercial Loans, Leases and Foreclosed Properties Activity on page 98 and corresponding Table 47.

(7)	Primarily includes amounts allocated to the U.S. credit card and unsecured consumer lending portfolios in CBB, purchased credit-impaired loans and the non-U.S. credit card portfolio in All Other.

(8)

Net charge-offs exclude $839 million, $1.1 billion and $1.7 billion of write-offs in the purchased credit-impaired loan portfolio for the first quarter of 2013 and the fourth and third quarters of 2012. These write-offs decreased the purchased credit-impaired valuation allowance included as part of the allowance for loan and lease losses. For more information on purchased credit-impaired write-offs, see Consumer Portfolio Credit Risk Management – Purchased Credit-impaired Loan Portfolio on page 83.

(9)	There were no write-offs in the purchased credit-impaired loan portfolio for the second and first quarters of 2012.

(10)	Presents capital ratios in accordance with the Basel 1 – 2013 Rules at March 31, 2013. Basel 1 did not include the Basel 1 – 2013 Rules at December 31, 2012.

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•	Return on average tangible common shareholders' equity measures our earnings contribution as a percentage of adjusted common shareholders' equity. The tangible common equity ratio represents adjusted common shareholders' equity divided by total assets less goodwill and intangible assets (excluding MSRs), net of related deferred tax liabilities.

•	Return on average tangible shareholders' equity measures our earnings contribution as a percentage of adjusted average total shareholders' equity. The tangible equity ratio represents adjusted total shareholders' equity divided by total assets less goodwill and intangible assets (excluding MSRs), net of related deferred tax liabilities.

•	Tangible book value per common share represents adjusted ending common shareholders' equity divided by ending common shares outstanding.

(1)	Calculation includes fees earned on overnight deposits placed with the Federal Reserve and, beginning in the third quarter of 2012, fees earned on deposits, primarily overnight, placed with certain non-U.S. central banks, of $33 million for the first quarter of 2013, and $42 million, $48 million, $52 million and $47 million for the fourth, third, second and first quarters of 2012, respectively.

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(1)	There are no adjustments to reported net income (loss) or average allocated equity for CRES.

(2)	Represents cost of funds, earnings credits and certain expenses related to intangibles.

(3)	Average allocated equity is comprised of average allocated capital (or economic capital prior to 2013) plus capital for the portion of goodwill and intangibles specifically assigned to the business segment. For more information on allocated capital and economic capital, see Business Segment Operations on page 25 and Note 9 – Goodwill and Intangible Assets to the Consolidated Financial Statements.

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(1)	Net interest income and net interest yield include fees earned on overnight deposits placed with the Federal Reserve and, beginning in the third quarter of 2012, fees earned on deposits, primarily overnight, placed with certain non-U.S. central banks, of $33 million and $47 million for the three months ended March 31, 2013 and 2012.

(2)	Represents a non-GAAP financial measure.

(3)	Calculated on an annualized basis.

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(1)

For this presentation, fees earned on overnight deposits placed with the Federal Reserve are included in the cash and cash equivalents line, consistent with the Consolidated Balance Sheet presentation of these deposits. In addition, beginning in the third quarter of 2012, fees earned on deposits, primarily overnight, placed with certain non-U.S. central banks, which are included in the time deposits placed and other short-term investments line in prior periods, have been included in the cash and cash equivalents line. Net interest income and net interest yield are calculated excluding these fees.

(2)	Yields on debt securities carried at fair value are calculated based on fair value rather than the cost basis. The use of fair value does not have a material impact on net interest yield.

(3)	Nonperforming loans are included in the respective average loan balances. Income on these nonperforming loans is recognized on a cost recovery basis. PCI loans were recorded at fair value upon acquisition and accrete interest income over the remaining life of the loan.

(4)	Includes non-U.S. residential mortgage loans of $90 million in the first quarter of 2013, and $93 million, $92 million, $89 million and $86 million in the fourth, third, second and first quarters of 2012, respectively.

(5)	Includes non-U.S. consumer loans of $7.7 billion in the first quarter of 2013, and $8.1 billion, $7.8 billion, $7.8 billion and $7.5 billion in the fourth, third, second and first quarters of 2012, respectively.

(6)

Includes consumer finance loans of $1.4 billion in the first quarter of 2013, and $1.4 billion, $1.5 billion, $1.6 billion and $1.6 billion in the fourth, third, second and first quarters of 2012, respectively; other non-U.S. consumer loans of $5 million in the first quarter of 2013, and $4 million, $997 million, $895 million and $903 million in the fourth, third, second and first quarters of 2012, respectively; and consumer overdrafts of $142 million in the first quarter of 2013, and $156 million, $158 million, $108 million and $90 million in the fourth, third, second and first quarters of 2012, respectively.

(7)

Includes U.S. commercial real estate loans of $37.7 billion in the first quarter of 2013, and $36.7 billion, $35.4 billion, $36.0 billion and $37.4 billion in the fourth, third, second and first quarters of 2012, respectively; and non-U.S. commercial real estate loans of $1.5 billion in the first quarter of 2013, and $1.5 billion, $1.5 billion, $1.6 billion and $1.8 billion in the fourth, third, second and first quarters of 2012, respectively.

(8)

Interest income includes the impact of interest rate risk management contracts, which decreased interest income on the underlying assets by $141 million in the first quarter of 2013, and $146 million, $136 million, $366 million and $106 million in the fourth, third, second and first quarters of 2012, respectively. Interest expense includes the impact of interest rate risk management contracts, which decreased interest expense on the underlying liabilities by $618 million in the first quarter of 2013, and $598 million, $454 million, $591 million and $658 million in the fourth, third, second and first quarters of 2012, respectively. For further information on interest rate contracts, see Interest Rate Risk Management for Nontrading Activities on page 118.

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(1)	Effective January 1, 2013, we revised, on a prospective basis, the methodology for allocating capital to the business segments. In connection with the change in methodology, we updated the applicable terminology in the above table to allocated capital from economic capital as reported in prior periods. For more information, see Business Segment Operations on page 25.

(2)	For presentation purposes, in segments and businesses where the total of liabilities and equity exceeds assets, we allocate assets from All Other to match the segments' and businesses' liabilities and allocated shareholders' equity. As a result, total earning assets and total assets of the businesses may not equal total CBB.

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(1)	Effective January 1, 2013, we revised, on a prospective basis, the methodology for allocating capital to the business segments. In connection with the change in methodology, we updated the applicable terminology in the above table to allocated capital from economic capital as reported in prior periods. For more information, see Business Segment Operations on page 25.

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(1)	Excludes $48 billion and $76 billion of home equity loans and HELOCs at March 31, 2013 and 2012.

(2)	Excludes loans for which servicing transferred to third parties as of March 31, 2013, with an effective MSR sale date of April 1, 2013, totaling approximately $34 billion.

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(1)	Excludes $55 billion and $61 billion of home equity loans and HELOCs at March 31, 2013 and 2012.

(2)	Excludes loans for which servicing transferred to third parties as of March 31, 2013, with an effective MSR sale date of April 1, 2013, totaling approximately $19 billion.

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(1)	Represents the change in the market value of the MSR asset due to the impact of customer payments received during the period.

(2)	Includes gains (losses) on sales of MSRs.

(3)	Includes the effect of transfers of mortgage loans from CRES to the ALM portfolio in All Other.

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(1)	In addition to loan production in CRES, the remaining first mortgage and home equity loan production is primarily in GWIM.

(2)	Servicing of residential mortgage loans, HELOCs and home equity loans.

(3)	Excludes loans for which servicing transferred to third parties as of March 31, 2013, with an effective MSR sale date of April 1, 2013, totaling approximately $53 billion.

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(1)	Effective January 1, 2013, we revised, on a prospective basis, the methodology for allocating capital to the business segments. In connection with the change in methodology, we updated the applicable terminology in the above table to allocated capital from economic capital as reported in prior periods. For more information, see Business Segment Operations on page 25.

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(1)	Effective January 1, 2013, we revised, on a prospective basis, the methodology for allocating capital to the business segments. In connection with the change in methodology, we updated the applicable terminology in the above table to allocated capital from economic capital as reported in prior periods. For more information, see Business Segment Operations on page 25.

(2)	Trading-related assets include derivative assets, which are considered non-earning assets.

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(1)	Includes FTE adjustments of $46 million and $50 million for the three months ended March 31, 2013 and 2012. For additional information on sales and trading revenue, see Note 3 – Derivatives to the Consolidated Financial Statements.

(2)	Includes Global Banking sales and trading revenue of $68 million and $114 million for the three months ended March 31, 2013 and 2012.

(3)	For this presentation, sales and trading revenue excludes the impact of credit spreads on DVA which represents a non-GAAP financial measure. Net DVA losses included in FICC revenue were $65 million and net DVA gains included in equities revenue were $10 million for the three months ended March 31, 2013 compared to net DVA losses of $1.3 billion and $147 million for the same period in 2012.

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(1)	Effective January 1, 2013, we revised, on a prospective basis, the methodology for allocating capital to the business segments. In connection with the change in methodology, we updated the applicable terminology in the above table to allocated capital from economic capital as reported in prior periods. For more information, see Business Segment Operations on page 25.

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

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(1)

For presentation purposes, in segments where the total of liabilities and equity exceeds assets, which are generally deposit-taking segments, we allocate assets from All Other to those segments to match liabilities (i.e., deposits) and allocated shareholders' equity. Such allocated assets were $538.0 billion and $486.5 billion for the three months ended March 31, 2013 and 2012, and $552.8 billion and $537.8 billion at March 31, 2013 and December 31, 2012.

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(1)	Excludes transactions sponsored by Bank of America and Merrill Lynch where no representations or warranties were made.

(2)	Includes exposures on third-party sponsored transactions related to legacy entity originations.

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(1)	For additional information, see Capital Management – Regulatory Capital Changes on page 60.

(2)	A measure of the risk of loss on a position that could result from factors other than broad market movements.

(1)	Dollar amount required to meet guidelines to be considered well-capitalized.

(2)	Pro-forma Tier 1 common capital ratio at December 31, 2012 includes the estimated impact of the Basel 1 – 2013 Rules. Represents a non-GAAP financial measure. On a pro-forma basis, risk-weighted assets would have been approximately $1,285 billion with the inclusion of $78.8 billion in pro-forma risk-weighted assets.

(3)	Reflects adjusted average total assets for the three months ended March 31, 2013 and December 31, 2012.

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(1)	Represents loss on structured liabilities, net-of-tax, that is excluded from Tier 1 common capital, Tier 1 capital and Total capital for regulatory capital purposes.

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(1)	Includes the Market Risk Final Rule at March 31, 2013. At December 31, 2012, the Basel 1 information did not include the Market Risk Final Rule.

(2)	Excludes the benefit of certain hedges at December 31, 2012. Including these hedges, the increase due to the Market Risk Final Rule would have been $78.8 billion. For more information, see Capital Management – Capital Composition and Ratios on page 58.

(1)	BANA regulatory capital information included the Basel 1 – 2013 Rules at March 31, 2013. At December 31, 2012, BANA regulatory capital information did not include the Basel 1 – 2013 Rules. FIA is not impacted by the Basel 1 – 2013 Rules.

(2)	Dollar amount required to meet guidelines for well-capitalized institutions.

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(1)	Dividends are cumulative.

(2)	Dividends per depositary share, each representing a 1/1,000th interest in a share of preferred stock.

(3)	This series was redeemed on May 1, 2013.

(4)	Initially pays dividends semi-annually.

(5)	Dividends per depositary share, each representing a 1/25th interest in a share of preferred stock.

(6)	Dividends per depositary share, each representing a 1/1,200th interest in a share of preferred stock.

(7)	Dividends per depositary share, each representing a 1/40th interest in a share of preferred stock.

(8)	Notice of redemption sent on April 1, 2013; preferred stock to be redeemed on May 28, 2013.

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(1)	Outstandings include pay option loans of $6.5 billion and $6.7 billion, subprime loans of $533 million and $509 million and non-U.S. residential mortgage loans of $86 million and $93 million at March 31, 2013 and December 31, 2012. We no longer originate pay option and subprime loans.

(2)

Outstandings include dealer financial services loans of $36.1 billion and $35.9 billion, consumer lending loans of $4.1 billion and $4.7 billion, U.S. securities-based lending margin loans of $28.2 billion and $28.3 billion, student loans of $4.6 billion and $4.8 billion, non-U.S. consumer loans of $7.4 billion and $8.3 billion and other consumer loans of $1.1 billion and $1.2 billion at March 31, 2013 and December 31, 2012.

(3)	Outstandings include consumer finance loans of $1.4 billion and other non-U.S. consumer loans of $5 million at both period ends, and consumer overdrafts of $115 million and $177 million at March 31, 2013 and December 31, 2012.

(4)	Consumer loans accounted for under the fair value option were residential mortgage loans of $1.0 billion at both March 31, 2013 and December 31, 2012. See Consumer Portfolio Credit Risk Management – Consumer Loans Accounted for Under the Fair Value Option on page 88 and Note 17 – Fair Value Option to the Consolidated Financial Statements for additional information on the fair value option.

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(1)	Balances accruing past due 90 days or more are fully-insured loans. These balances include $17.0 billion and $17.8 billion of loans on which interest has been curtailed by the FHA, and therefore are no longer accruing interest, although principal is still insured, and $4.6 billion and $4.4 billion of loans on which interest was still accruing at March 31, 2013 and December 31, 2012.

(2)	Balances exclude consumer loans accounted for under the fair value option. At March 31, 2013 and December 31, 2012, $401 million and $391 million of loans accounted for under the fair value option were past due 90 days or more and not accruing interest.

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(1)

Net charge-offs exclude $745 million and $94 million of write-offs in the home equity and residential mortgage PCI loan portfolios for the three months ended March 31, 2013 compared to none for the same period in 2012. These write-offs decreased the PCI valuation allowance included as part of the allowance for loan and lease losses. For more information on PCI write-offs, see Consumer Portfolio Credit Risk Management – Purchased Credit-impaired Loan Portfolio on page 83.

(2)	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans excluding loans accounted for under the fair value option.

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(1)

Net charge-offs exclude $745 million and $94 million of write-offs in the home equity and residential mortgage PCI loan portfolios for the three months ended March 31, 2013 which are included in the Legacy Assets & Servicing portfolio. There were no write-offs for the three months ended March 31, 2012. Write-offs in the PCI loan portfolio decrease the PCI valuation allowance included as part of the allowance for loan and lease losses. For more information on PCI write-offs, see Consumer Portfolio Credit Risk Management – Purchased Credit-impaired Loan Portfolio on page 83.

(2)	Balances exclude consumer loans accounted for under the fair value option of $1.0 billion at both March 31, 2013 and December 31, 2012. See Consumer Portfolio Credit Risk Management – Consumer Loans Accounted for Under the Fair Value Option on page 88 and Note 17 – Fair Value Option to the Consolidated Financial Statements for additional information on the fair value option.

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(1)

Outstandings, accruing past due, nonperforming loans and percentages of portfolio exclude loans accounted for under the fair value option. There were $1.0 billion of residential mortgage loans accounted for under the fair value option at both March 31, 2013 and December 31, 2012. See Consumer Portfolio Credit Risk Management – Consumer Loans Accounted for Under the Fair Value Option on page 88 and Note 17 – Fair Value Option to the Consolidated Financial Statements for additional information on the fair value option.

(2)	These vintages of loans account for 59 percent and 61 percent of nonperforming residential mortgage loans at March 31, 2013 and December 31, 2012, and 65 percent and 73 percent of residential mortgage net charge-offs for the three months ended March 31, 2013 and 2012.

(3)	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans excluding loans accounted for under the fair value option.

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(1)

Outstandings and nonperforming amounts exclude loans accounted for under the fair value option. There were $1.0 billion of residential mortgage loans accounted for under the fair value option at both March 31, 2013 and December 31, 2012. See Consumer Portfolio Credit Risk Management – Consumer Loans Accounted for Under the Fair Value Option on page 88 and Note 17 – Fair Value Option to the Consolidated Financial Statements for additional information on the fair value option.

(2)

Net charge-offs exclude $94 million of write-offs in the residential mortgage PCI loan portfolio for the three months ended March 31, 2013 compared to none for the same period in 2012. These write-offs decreased the PCI valuation allowance included as part of the allowance for loan and lease losses. For more information on PCI write-offs, see Consumer Portfolio Credit Risk Management – Purchased Credit-impaired Loan Portfolio on page 83.

(3)	In these states, foreclosure requires a court order following a legal proceeding (judicial states).

(4)	Amount excludes the PCI residential mortgage and fully-insured loan portfolios.

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(1)	Accruing past due 30 days or more includes $303 million and $321 million and nonperforming loans includes $791 million and $824 million of loans where we serviced the underlying first-lien at March 31, 2013 and December 31, 2012.

(2)	These vintages of loans have higher refreshed combined LTV ratios and accounted for 51 percent of nonperforming home equity loans at both March 31, 2013 and December 31, 2012, and accounted for 60 percent and 65 percent of net charge-offs for the three months ended March 31, 2013 and 2012.

(3)	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans.

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(1)

Net charge-offs exclude $745 million of write-offs in the home equity PCI loan portfolio for the three months ended March 31, 2013 compared to none for the same period in 2012. These write-offs decreased the PCI valuation allowance included as part of the allowance for loan and lease losses. For more information on PCI write-offs, see Consumer Portfolio Credit Risk Management – Purchased Credit-impaired Loan Portfolio on page 83.

(2)	In these states, foreclosure requires a court order following a legal proceeding (judicial states).

(3)	Amount excludes the PCI home equity portfolio.

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(1)	In this state, foreclosure requires a court order following a legal proceeding (judicial state).

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(1)	In this state, foreclosure requires a court order following a legal proceeding (judicial state).

(1)	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans.

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(1)	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases.

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(1)	Balances do not include nonperforming LHFS of $672 million and $645 million and nonaccruing TDRs removed from the PCI loan portfolio prior to January 1, 2010 of $512 million and $459 million at March 31, 2013 and 2012 as well as loans accruing past due 90 days or more as presented in Table 24 and Note 5 – Outstanding Loans and Leases to the Consolidated Financial Statements.

(2)	As a result of regulatory interagency guidance issued during 2012, we reclassified $1.9 billion of performing home equity loans (of which $1.6 billion were current) to nonperforming. For additional information on regulatory interagency guidance, see Consumer Portfolio Credit Risk Management on page 80 of the MD&A of the Corporation's 2012 Annual Report on Form 10-K.

(3)	Consumer loans may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection.

(4)

New foreclosed properties represents transfers of nonperforming loans to foreclosed properties net of charge-offs taken during the first 90 days after transfer of a loan to foreclosed properties. New foreclosed properties also includes properties obtained upon foreclosure of delinquent PCI loans, properties repurchased due to representations and warranties exposure and properties acquired with newly consolidated subsidiaries.

(5)	At March 31, 2013, 49 percent of nonperforming loans were 180 days or more past due and were written down through charge-offs to 62 percent of their unpaid principal balance.

(6)	Foreclosed property balances do not include loans that are insured by the FHA and have entered foreclosure of $2.3 billion and $1.1 billion at March 31, 2013 and 2012.

(7)	Outstanding consumer loans exclude loans accounted for under the fair value option.

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(1)	Residential mortgage TDRs deemed collateral dependent totaled $9.7 billion and $9.4 billion, and included $6.9 billion and $6.4 billion of loans classified as nonperforming and $2.8 billion and $3.0 billion of loans classified as performing at March 31, 2013 and December 31, 2012.

(2)	Residential mortgage performing TDRs included $14.6 billion and $11.9 billion of loans that were fully-insured at March 31, 2013 and December 31, 2012.

(3)	Home equity TDRs deemed collateral dependent totaled $1.4 billion and included $1.0 billion of loans classified as nonperforming at both period ends, and $330 million and $348 million of loans classified as performing at March 31, 2013 and December 31, 2012.

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(1)	Includes U.S. commercial real estate loans of $37.6 billion and $37.2 billion and non-U.S. commercial real estate loans of $1.4 billion and $1.5 billion at March 31, 2013 and December 31, 2012.

(2)	Includes card-related products.

(3)	Commercial loans accounted for under the fair value option include U.S. commercial loans of $2.1 billion and $2.3 billion at March 31, 2013 and December 31, 2012, and non-U.S. commercial loans of $5.7 billion at both periods. See Note 17 – Fair Value Option to the Consolidated Financial Statements for additional information on the fair value option.

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(1)	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans and leases excluding loans accounted for under the fair value option.

(1)	Total commercial utilized exposure at March 31, 2013 and December 31, 2012 includes loans outstanding of $7.8 billion and $8.0 billion and commercial letters of credit with a notional value of $567 million and $672 million accounted for under the fair value option.

(2)	Total commercial unfunded exposure at March 31, 2013 and December 31, 2012 includes loan commitments with a notional value of $15.1 billion and $17.6 billion accounted for under the fair value option.

(3)	Excludes unused business card lines which are not legally binding.

(4)

Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by cash collateral of $57.7 billion and $58.1 billion at March 31, 2013 and December 31, 2012. Not reflected in utilized and committed exposure is additional derivative collateral held of $18.0 billion and $18.7 billion which consists primarily of other marketable securities.

(5)	Includes $813 million and $1.3 billion of monoline exposure at March 31, 2013 and December 31, 2012, as discussed in Commercial Portfolio Credit Risk Management – Monoline Exposure on page 100.

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(1)	Total commercial utilized reservable criticized exposure at March 31, 2013 and December 31, 2012 includes loans and leases of $13.8 billion and $14.6 billion and commercial letters of credit of $1.2 billion and $1.3 billion.

(2)	Percentages are calculated as commercial utilized reservable criticized exposure divided by total commercial utilized reservable exposure for each exposure category.

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(1)	Includes unsecured loans to real estate investment trusts and national home builders whose portfolios of properties span multiple geographic regions and properties in the states of Colorado, Utah, Hawaii, Wyoming and Montana.

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(1)	Includes commercial foreclosed properties of $206 million and $250 million at March 31, 2013 and December 31, 2012.

(2)	Includes loans, SBLCs and bankers' acceptances and excludes loans accounted for under the fair value option.

(1)	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding loans excluding loans accounted for under the fair value option.

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(1)	Balances do not include nonperforming LHFS of $379 million and $847 million at March 31, 2013 and 2012.

(2)	Includes U.S. small business commercial activity. Small business card loans are excluded as they are not classified as nonperforming.

(3)	Commercial loans and leases may be returned to performing status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected or when the loan otherwise becomes well-secured and is in the process of collection. TDRs are generally classified as performing after a sustained period of demonstrated payment performance.

(4)	New foreclosed properties represents transfers of nonperforming loans to foreclosed properties net of charge-offs recorded during the first 90 days after transfer of a loan to foreclosed properties.

(5)	Outstanding commercial loans exclude loans accounted for under the fair value option.

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(1)	Includes U.S. small business commercial exposure.

(2)	Industries are viewed from a variety of perspectives to best isolate the perceived risks. For purposes of this table, the real estate industry is defined based on the borrowers' or counterparties' primary business activity using operating cash flows and primary source of repayment as key factors.

(3)	Represents net notional credit protection purchased. See Commercial Portfolio Credit Risk Management – Risk Mitigation on page 101 for additional information.

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(1)	Reflects the diversification effect between net credit default protection hedging our credit exposure and the related credit exposure.

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(1)	Ratings are refreshed on a quarterly basis.

(2)	Ratings of BBB- or higher are considered to meet the definition of investment grade.

(3)	Represents net credit default protection (purchased) sold.

(4)	"NR" is comprised of names that have not been rated.

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(1)

Net counterparty exposure includes the fair value of derivatives, including the counterparty risk associated with CDS, and secured financing transactions. Derivative exposures are presented net of $2.9 billion in collateral, predominantly in cash, pledged under legally enforceable netting agreements. Secured financing transaction exposures are presented net of eligible cash or securities pledged as collateral. The notional amount of reverse repurchase transactions was $3.1 billion.

(2)	Long securities exposures are netted on a single-name basis to, but not below, zero by short exposures of $7.7 billion and net CDS purchased of $1.5 billion, consisting of $1.5 billion of net single-name CDS purchased and $13 million of net indexed and tranched CDS sold.

(3)

Represents credit default protection purchased, net of credit default protection sold, which is used to mitigate the Corporation's risk to country exposures as listed, including $3.6 billion, consisting of $3.2 billion in net single-name CDS purchased and $397 million in net indexed and tranched CDS purchased, to hedge loans and securities, $2.2 billion in additional credit default protection purchased to hedge derivative assets and $148 million in other short exposures.

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(1)	The majority of our CDS contracts on reference assets in Greece, Ireland, Italy, Portugal and Spain are primarily with non-Eurozone counterparties.

(2)	Amounts listed are after consideration of legally enforceable counterparty master netting agreements.

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(1)	Includes U.S. small business commercial charge-offs of $128 million and $208 million for the three months ended March 31, 2013 and 2012.

(2)	Includes U.S. small business commercial recoveries of $26 million and $23 million for the three months ended March 31, 2013 and 2012.

(3)	Primarily represents the net impact of portfolio sales, consolidations and deconsolidations, and foreign currency translation adjustments.

(4)	Primarily represents accretion of the Merrill Lynch purchase accounting adjustment.

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(5)	Outstanding loan and lease balances and ratios do not include loans accounted for under the fair value option. Loans accounted for under the fair value option were $8.8 billion and $9.2 billion at March 31, 2013 and 2012. Average loans accounted for under the fair value option were $9.1 billion for both the three months ended March 31, 2013 and 2012.

(6)	Excludes consumer loans accounted for under the fair value option of $1.0 billion and $2.2 billion at March 31, 2013 and 2012.

(7)	Excludes commercial loans accounted for under the fair value option of $7.8 billion and $7.0 billion at March 31, 2013 and 2012.

(8)	Net charge-offs exclude $839 million of write-offs in the PCI loan portfolio for the three months ended March 31, 2013. These write-offs decreased the PCI valuation allowance included as part of the allowance for loan and lease losses. For information on PCI write-offs, see Consumer Portfolio Credit Risk Management – Purchased Credit-impaired Loan Portfolio on page 83.

(9)	There were no write-offs of PCI loans in the three months ended March 31, 2012.

(10)	For more information on our definition of nonperforming loans, see pages 89 and 98.

(11)	Primarily includes amounts allocated to U.S. credit card and unsecured consumer lending portfolios in CBB, PCI loans and the non-U.S. credit card portfolio in All Other.

(12)	For more information on the PCI loan portfolio and the valuation allowance for PCI loans, see Note 5 – Outstanding Loans and Leases and Note 6 – Allowance for Credit Losses to the Consolidated Financial Statements.

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(1)

Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans accounted for under the fair value option. Consumer loans accounted for under the fair value option included residential mortgage loans of $1.0 billion at both March 31, 2013 and December 31, 2012. Commercial loans accounted for under the fair value option included U.S. commercial loans of $2.1 billion and $2.3 billion and non-U.S. commercial loans of $5.7 billion and $5.7 billion at March 31, 2013 and December 31, 2012.

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(1)	The high and low for the total portfolio may have occurred on different trading days than the high and low for the individual components. Therefore the amount of portfolio diversification, which is the difference between the total portfolio and the sum of the individual components, is not relevant.

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(1)	At March 31, 2013, the receive-fixed interest rate swap notional amounts that represent forward starting swaps and which will not be effective until their respective contractual start dates totaled $4.5 billion compared to none at December 31, 2012. The forward starting pay-fixed swap positions at March 31, 2013 and December 31, 2012 were $3.5 billion and $520 million.

(2)	Does not include basis adjustments on either fixed-rate debt issued by the Corporation or AFS debt securities, which are hedged using derivatives designated as fair value hedging instruments, that substantially offset the fair values of these derivatives.

(3)	At March 31, 2013 and December 31, 2012, the notional amount of same-currency basis swaps was comprised of $216.4 billion and $213.5 billion in both foreign currency and U.S. dollar-denominated basis swaps in which both sides of the swap are in the same currency.

(4)	Foreign exchange basis swaps consisted of cross-currency variable interest rate swaps used separately or in conjunction with receive-fixed interest rate swaps.

(5)	Does not include foreign currency translation adjustments on certain non-U.S. debt issued by the Corporation that substantially offset the fair values of these derivatives.

(6)	The notional amount of option products of $5.6 billion at March 31, 2013 was comprised of $4.0 billion in MBS options, $1.1 billion in foreign exchange options, $500 million in swaptions and $17 million in purchased caps/floors. Option products of $4.2 billion at December 31, 2012 were comprised of $4.2 billion in swaptions and $18 million in purchased caps/floors.

(7)	Reflects the net of long and short positions.

(8)

The notional amount of foreign exchange contracts of $2.1 billion at March 31, 2013 was comprised of $39.1 billion in foreign currency-denominated and cross-currency receive-fixed swaps, $(7.1) billion in foreign currency-denominated pay-fixed swaps and $(29.9) billion in net foreign currency forward rate contracts. Foreign exchange contracts of $(1.2) billion at December 31, 2012 were comprised of $41.9 billion in foreign currency-denominated and cross-currency receive-fixed swaps, $(10.5) billion in foreign currency-denominated pay-fixed swaps and $(32.6) billion in net foreign currency forward rate contracts.

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(1)	Level 3 total assets and liabilities are shown before the impact of counterparty netting related to our derivative positions.

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(1)	Includes $25.5 billion and $30.6 billion of government-sponsored enterprise obligations at March 31, 2013 and December 31, 2012.

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(1)	Represents the total contract/notional amount of derivative assets and liabilities outstanding.

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(1)	Represents the total contract/notional amount of derivative assets and liabilities outstanding.

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(1)	These amounts are limited to the derivative asset/liability balance, and accordingly, do not include excess collateral received/pledged.

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(1)	Amounts are recorded in interest expense on long-term debt and in other loss.

(2)	Amounts are recorded in interest income on debt securities.

(3)	Amounts relating to commodity inventory are recorded in trading account profits.

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(1)	Amounts related to derivatives designated as cash flow hedges represent hedge ineffectiveness and amounts related to net investment hedges represent amounts excluded from effectiveness testing.

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(1)	Net gains on these derivatives are recorded in mortgage banking income.

(2)	Includes net gains on interest rate lock commitments related to the origination of mortgage loans that are held-for-sale, which are considered derivative instruments, of $407 million and $547 million for the three months ended March 31, 2013 and 2012.

(3)	Net gains (losses) on these derivatives are recorded in other loss.

(4)	The majority of the balance is related to the revaluation of derivatives used to mitigate risk related to foreign currency-denominated debt which is recorded in other loss. The offsetting revaluation of the foreign currency-denominated debt, while not included in the table above, is also recorded in other loss.

(5)	Gains (losses) on these derivatives are recorded in personnel expense.

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(1)	Represents amounts in investment and brokerage services and other loss that are recorded in Global Markets and included in the definition of sales and trading revenue. Includes investment and brokerage services revenue of $528 million and $514 million for the three months ended March 31, 2013 and 2012, primarily included in equity risk.

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(1)	For credit-related notes, maximum payout/notional is the same as carrying value.

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(1)	At March 31, 2013 and December 31, 2012, the cumulative CVA reduced the derivative assets balance by $2.5 billion and $2.4 billion.

(2)	At March 31, 2013 and December 31, 2012, the cumulative DVA reduced the derivative liabilities balance by $1.2 billion and $807 million.

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(1)	At March 31, 2013, the underlying collateral type includes approximately 91 percent prime, six percent Alt-A and three percent subprime.

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

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(1)	At December 31, 2012, the underlying collateral type includes approximately 91 percent prime, six percent Alt-A and three percent subprime.

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

(1)	These securities are used to satisfy certain international regulatory liquidity requirements.

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(1)	Represents the range of inputs/assumptions based upon the underlying collateral.

(2)	The value of a variable below which the indicated percentile of observations will fall.

(1)	Includes other-than-temporarily impaired AFS debt securities on which an OTTI loss remains in accumulated OCI.

(2)	At March 31, 2013, the amortized cost of approximately 2,600 AFS debt securities exceeded their fair value by $1.1 billion.

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(1)	Includes other-than-temporarily impaired AFS debt securities on which an OTTI loss remains in accumulated OCI.

(2)	At December 31, 2012, the amortized cost of approximately 2,600 AFS debt securities exceeded their fair value by $660 million.

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(1)	Average yield is computed using the effective yield of each security at the end of the period, weighted based on the amortized cost of each security. The effective yield considers the contractual coupon, amortization of premiums and accretion of discounts, and excludes the effect of related hedging derivatives.

(2)	Substantially all U.S. agency MBS.

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(1)	Home loans 30-59 days past due includes fully-insured loans of $2.2 billion and nonperforming loans of $735 million. Home loans 60-89 days past due includes fully-insured loans of $961 million and nonperforming loans of $503 million.

(2)	Home loans includes fully-insured loans of $21.6 billion.

(3)	Home loans includes $6.4 billion and direct/indirect consumer includes $52 million of nonperforming loans.

(4)	PCI loan amounts are shown gross of the valuation allowance.

(5)	Total outstandings includes non-U.S. residential mortgage loans of $86 million.

(6)	Total outstandings includes pay option loans of $6.5 billion and subprime loans of $533 million. The Corporation no longer originates these products.

(7)	Total outstandings includes dealer financial services loans of $36.1 billion, consumer lending loans of $4.1 billion, U.S. securities-based lending margin loans of $28.2 billion, student loans of $4.6 billion, non-U.S. consumer loans of $7.4 billion and other consumer loans of $1.1 billion.

(8)	Total outstandings includes consumer finance loans of $1.4 billion, other non-U.S. consumer loans of $5 million and consumer overdrafts of $115 million.

(9)	Consumer loans accounted for under the fair value option were residential mortgage loans of $1.0 billion. Commercial loans accounted for under the fair value option were U.S. commercial loans of $2.1 billion and non-U.S. commercial loans of $5.7 billion. For addition information, see Note 16 – Fair Value Measurements and Note 17 – Fair Value Option.

(10)	Total outstandings includes U.S. commercial real estate loans of $37.6 billion and non-U.S. commercial real estate loans of $1.4 billion.

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(1)	Home loans 30-59 days past due includes fully-insured loans of $2.3 billion and nonperforming loans of $702 million. Home loans 60-89 days past due includes fully-insured loans of $1.3 billion and nonperforming loans of $558 million.

(2)	Home loans includes fully-insured loans of $22.2 billion.

(3)	Home loans includes $5.5 billion and direct/indirect consumer includes $63 million of nonperforming loans.

(4)	PCI loan amounts are shown gross of the valuation allowance.

(5)	Total outstandings includes non-U.S. residential mortgage loans of $93 million.

(6)	Total outstandings includes pay option loans of $6.7 billion and subprime loans of $509 million. The Corporation no longer originates these products.

(7)	Total outstandings includes dealer financial services loans of $35.9 billion, consumer lending loans of $4.7 billion, U.S. securities-based lending margin loans of $28.3 billion, student loans of $4.8 billion, non-U.S. consumer loans of $8.3 billion and other consumer loans of $1.2 billion.

(8)	Total outstandings includes consumer finance loans of $1.4 billion, other non-U.S. consumer loans of $5 million and consumer overdrafts of $177 million.

(9)	Consumer loans accounted for under the fair value option were residential mortgage loans of $1.0 billion. Commercial loans accounted for under the fair value option were U.S. commercial loans of $2.3 billion and non-U.S. commercial loans of $5.7 billion. For additional information, see Note 16 – Fair Value Measurements and Note 17 – Fair Value Option.

(10)	Total outstandings includes U.S. commercial real estate loans of $37.2 billion and non-U.S. commercial real estate loans of $1.5 billion.

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(1)	Nonperforming loan balances do not include nonaccruing TDRs removed from the PCI loan portfolio prior to January 1, 2010 of $512 million and $521 million at March 31, 2013 and December 31, 2012.

(2)

Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At March 31, 2013 and December 31, 2012, residential mortgage includes $17.0 billion and $17.8 billion of loans on which interest has been curtailed by the FHA, and therefore are no longer accruing interest, although principal is still insured, and $4.6 billion and $4.4 billion of loans on which interest is still accruing.

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(1)	Excludes loans accounted for under the fair value option of $1.0 billion.

(2)	Excludes PCI loans.

(3)	Includes $5.9 billion of pay option loans and $340 million of subprime loans. The Corporation no longer originates these products.

(4)	Refreshed LTV percentages for PCI loans are calculated using the carrying value net of the related valuation allowance.

(5)	Credit quality indicators are not reported for fully-insured loans as principal repayment is insured.

(1)	80 percent of the other consumer portfolio is associated with portfolios from certain consumer finance businesses that the Corporation previously exited.

(2)	Other internal credit metrics may include delinquency status, geography or other factors.

(3)	Direct/indirect consumer includes $35.6 billion of securities-based lending which is overcollateralized and therefore has minimal credit risk and $4.6 billion of loans the Corporation no longer originates.

(4)	Non-U.S. credit card represents the U.K. credit card portfolio which is evaluated using internal credit metrics, including delinquency status. At March 31, 2013, 97 percent of this portfolio was current or less than 30 days past due, one percent was 30-89 days past due and two percent was 90 days or more past due.

(1)	Excludes loans accounted for under the fair value option of $7.8 billion.

(2)	U.S. small business commercial includes $361 million of criticized business card and small business loans which are evaluated using refreshed FICO scores or internal credit metrics, including delinquency status, rather than risk ratings. At March 31, 2013, 99 percent of the balances where internal credit metrics are used were current or less than 30 days past due.

(3)	Refreshed FICO score and other internal credit metrics are applicable only to the U.S. small business commercial portfolio.

(4)	Other internal credit metrics may include delinquency status, application scores, geography or other factors.

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(1)	Excludes loans accounted for under the fair value option of $1.0 billion.

(2)	Excludes PCI loans.

(3)	Includes $6.1 billion of pay option loans and $348 million of subprime loans. The Corporation no longer originates these products.

(4)	Refreshed LTV percentages for PCI loans are calculated using the carrying value net of the related valuation allowance.

(5)	Credit quality indicators are not reported for fully-insured loans as principal repayment is insured.

(1)	87 percent of the other consumer portfolio is associated with portfolios from certain consumer finance businesses that the Corporation previously exited.

(2)	Other internal credit metrics may include delinquency status, geography or other factors.

(3)	Direct/indirect consumer includes $36.5 billion of securities-based lending which is overcollateralized and therefore has minimal credit risk and $4.8 billion of loans the Corporation no longer originates.

(4)	Non-U.S. credit card represents the U.K. credit card portfolio which is evaluated using internal credit metrics, including delinquency status. At December 31, 2012, 97 percent of this portfolio was current or less than 30 days past due, one percent was 30-89 days past due and two percent was 90 days or more past due.

(1)	Excludes loans accounted for under the fair value option of $8.0 billion.

(2)	U.S. small business commercial includes $366 million of criticized business card and small business loans which are evaluated using refreshed FICO scores or internal credit metrics, including delinquency status, rather than risk ratings. At December 31, 2012, 98 percent of the balances where internal credit metrics are used were current or less than 30 days past due.

(3)	Refreshed FICO score and other internal credit metrics are applicable only to the U.S. small business commercial portfolio.

(4)	Other internal credit metrics may include delinquency status, application scores, geography or other factors.

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(1)	Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the principal is considered collectible.

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(1)	TDRs entered into during the three months ended March 31, 2013 include residential mortgage modifications with principal forgiveness of $219 million. For the three months ended March 31, 2012, the principal forgiveness amount was not significant.

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(1)	Includes other modifications such as term or payment extensions and repayment plans.

(2)	Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs in accordance with regulatory guidance issued in the third quarter of 2012. For the three months ended March 31, 2013, residential mortgage loans of $371 million, or 55 percent of loans discharged in Chapter 7 bankruptcy were current or less than 60 days past due.

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(1)	Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs in accordance with regulatory guidance issued in the third quarter of 2012.

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(1)	Includes accrued interest and fees.

(2)	Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the principal is considered collectible.

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(1)	Includes accrued interest and fees.

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(1)	Interest income recognized includes interest accrued and collected on the outstanding balances of accruing impaired loans as well as interest cash collections on nonaccruing impaired loans for which the principal is considered collectible.

(2)	Includes U.S. small business commercial renegotiated TDR loans and related allowance.

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(1)	U.S. small business commercial TDRs are comprised of renegotiated small business card loans.

(1)	Represents undiscounted expected principal and interest cash flows at acquisition.

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(1)	Primarily represents the net impact of portfolio sales, consolidations and deconsolidations, and foreign currency translation adjustments.

(2)	Primarily represents accretion of the Merrill Lynch purchase accounting adjustment.

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(1)	Impaired loans include nonperforming commercial loans and all TDRs, including both commercial and consumer TDRs. Impaired loans exclude nonperforming consumer loans unless they are TDRs, and all consumer and commercial loans accounted for under the fair value option.

(2)	Commercial impaired allowance for loan and lease losses includes $80 million and $97 million of renegotiated TDR loans related to U.S. small business commercial at March 31, 2013 and December 31, 2012.

(3)	Amounts are presented gross of the allowance for loan and lease losses.

(4)	Outstanding loan and lease balances and ratios do not include loans accounted for under the fair value option of $8.8 billion and $9.0 billion at March 31, 2013 and December 31, 2012.

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(1)	The Corporation sells residential mortgage loans to GSEs in the normal course of business and receives MBS in exchange which may then be sold into the market to third-party investors for cash proceeds.

(2)	Substantially all of the first-lien residential mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. As such, gains are recognized on these LHFS prior to securitization. The Corporation recognized $613 million and $319 million of gains, net of hedges, on loans securitized during the three months ended March 31, 2013 and 2012.

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(1)	Maximum loss exposure excludes the liability for representations and warranties obligations and corporate guarantees and also excludes servicing advances and MSRs. For more information, see Note 8 – Representations and Warranties Obligations and Corporate Guarantees and Note 19 – Mortgage Servicing Rights.

(2)	As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three months ended March 31, 2013 and 2012, there were no OTTI losses recorded on those securities classified as AFS debt securities.

(3)

Not included in the table above are all other assets of $8.2 billion and $12.1 billion, representing the unpaid principal balance of mortgage loans eligible for repurchase from unconsolidated residential mortgage securitization vehicles, principally guaranteed by GNMA, and all other liabilities of $8.2 billion and $12.1 billion, representing the principal amount that would be payable to the securitization vehicles if the Corporation were to exercise the repurchase option, at March 31, 2013 and December 31, 2012.

(4)	Principal balance outstanding includes loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loans.

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(1)	For unconsolidated VIEs, the maximum loss exposure includes outstanding trust certificates issued by trusts in rapid amortization, net of recorded reserves, and excludes the liability for representations and warranties obligations and corporate guarantees.

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(1)	At March 31, 2013 and December 31, 2012, loans and leases included $31.8 billion and $33.5 billion of seller's interest and $73 million and $124 million of discount receivables.

(2)	At March 31, 2013 and December 31, 2012, all other assets included restricted cash and short-term investment accounts and unbilled accrued interest and fees.

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(1)	As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three months ended March 31, 2013 and 2012, there were no OTTI losses recorded on those securities classified as AFS debt securities.

(2)	The retained senior and subordinate securities were valued using quoted market prices or observable market inputs (Level 2 of the fair value hierarchy).

(3)	The retained residual interests are carried at fair value which was derived using model valuations (Level 2 of the fair value hierarchy).

(4)	Total assets include loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loan.

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(1)	Excludes certain MI rescission notices. However, at March 31, 2013 and December 31, 2012, included $427 million and $2.3 billion of repurchase requests received from the GSEs that have resulted solely from MI rescission notices. For additional information, see Mortgage Insurance Rescission Notices in this Note.

(2)	At both March 31, 2013 and December 31, 2012, unresolved repurchase claims did not include repurchase demands of $1.6 billion where the Corporation believes the claimants have not satisfied the contractual thresholds as noted on page 189.

(3)	As a result of the MBIA Settlement, $945 million of monoline repurchase claims outstanding at March 31, 2013 were resolved in May 2013.

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(1)	Excludes fully amortized intangible assets.

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(1)

The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $30.2 billion and $11.2 billion at March 31, 2013, and $31.5 billion and $11.6 billion at December 31, 2012. Amounts include consumer SBLCs of $562 million and $669 million at March 31, 2013 and December 31, 2012.

(2)	Includes business card unused lines of credit.

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(1)	Net change in fair value represents the impact of changes in spot foreign exchange rates on the Corporation's net investment in non-U.S. operations and related hedges.

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(1)	Includes incremental shares from restricted stock units, restricted stock, stock options and warrants.

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(1)	Includes nonqualified pension plans and the terminated Merrill Lynch U.S. pension plan.

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(1)	During the three months ended March 31, 2013, $500 million of assets were transferred from Level 1 to Level 2 primarily due to a restriction that became effective for a private equity investment.

(2)	Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties.

(3)	For further disaggregation of derivative assets and liabilities, see Note 3 – Derivatives.

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(1)

During 2012, $2.0 billion and $350 million of assets and liabilities were transferred from Level 1 to Level 2, and $785 million and $40 million of assets and liabilities were transferred from Level 2 to Level 1. Of the asset transfers from Level 1 to Level 2, $940 million was due to a restriction that became effective for a private equity investment during 2012, while $535 million of the transfers from Level 2 to Level 1 was due to the lapse of this restriction during 2012. The remaining transfers were the result of additional information associated with certain equities, derivative contracts and private equity investments.

(2)	Amounts represent the impact of legally enforceable master netting agreements and also cash collateral held or placed with the same counterparties.

(3)	For further disaggregation of derivative assets and liabilities, see Note 3 – Derivatives.

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(1)	Assets (liabilities). For assets, increase / (decrease) to Level 3 and for liabilities, (increase) / decrease to Level 3.

(2)	Net derivatives include derivative assets of $8.0 billion and derivative liabilities of $6.9 billion.

(3)	Amounts represent instruments that are accounted for under the fair value option.

(4)	Issuances represent loan originations and mortgage servicing rights retained following securitizations or whole loan sales.

(5)	Other assets is primarily comprised of net monoline exposure to a single counterparty and private equity investments.

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(1)	Assets (liabilities). For assets, increase / (decrease) to Level 3 and for liabilities, (increase) / decrease to Level 3.

(2)	Net derivatives include derivative assets of $11.3 billion and derivative liabilities of $7.1 billion.

(3)	Amounts represent instruments that are accounted for under the fair value option.

(4)	Issuances represent loan originations and mortgage servicing rights retained following securitizations or whole loan sales.

(5)	Other assets is primarily comprised of net monoline exposure to a single counterparty and private equity investments.

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(1)	Mortgage banking income does not reflect the impact of Level 1 and Level 2 hedges on MSRs.

(2)	Amounts represent instruments that are accounted for under the fair value option.

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(1)	Mortgage banking income does not reflect the impact of Level 1 and Level 2 hedges on MSRs.

(2)	Amounts represent instruments that are accounted for under the fair value option.

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(1)

The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 214: Trading account assets – Corporate securities, trading loans and other of $3.6 billion, Trading account assets – Mortgage trading loans and ABS of $4.5 billion, AFS debt securities – Other taxable securities of $4.0 billion, AFS debt securities – Tax-exempt securities of $1.0 billion, Loans and leases of $2.4 billion, LHFS of $2.4 billion and Other assets of $1.5 billion.

(2)	Includes models such as Monte Carlo simulation and Black-Scholes.

(3)	Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates.

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(1)

The categories are aggregated based upon product type which differs from financial statement classification. The following is a reconciliation to the line items in the table on page 215: Trading account assets – Corporate securities, trading loans and other of $3.7 billion, Trading account assets – Mortgage trading loans and ABS of $4.9 billion, AFS debt securities – Other taxable securities of $3.9 billion, AFS debt securities – Tax-exempt securities of $1.1 billion, Loans and leases of $2.3 billion, LHFS of $2.7 billion and Other assets of $1.9 billion.

(2)	For additional information on the ranges of inputs for equity correlation and long-dated volatilities, see the qualitative equity derivatives discussion on page 220.

(3)	Includes models such as Monte Carlo simulation and Black-Scholes.

(4)	Includes models such as Monte Carlo simulation, Black-Scholes and other methods that model the joint dynamics of interest, inflation and foreign exchange rates.

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(1)	Losses represent charge-offs on real estate-secured loans.

(2)	Amounts are included in other assets on the Consolidated Balance Sheet and represent fair value and related losses on foreclosed properties that were written down subsequent to their initial classification as foreclosed properties.

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(1)	A significant portion of the loans reported as trading account assets are distressed loans which trade and were purchased at a deep discount to par, and the remainder are loans with a fair value near contractual principal outstanding.

(2)	The majority of the difference between the fair value carrying amount and contractual principal outstanding at March 31, 2013 and December 31, 2012 relates to the impact of the Corporation's credit spreads as well as the fair value of the embedded derivative, where applicable.

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(1)	Includes the value of IRLCs on loans funded, including those already sold.

(2)	The majority of the net gains (losses) in trading account profits (losses) relate to the embedded derivative in structured liabilities and are offset by gains (losses) on derivatives and securities that hedge these liabilities. The net gains (losses) in other income (loss) relate to the impact on structured liabilities of changes in the Corporation's credit spread.

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(1)	Represents the change in the market value of the MSR asset due to the impact of customer payments received during the period.

(2)	These amounts reflect the changes in modeled MSR fair value primarily due to observed changes in interest rates, volatility, spreads and the shape of the forward swap curve, as well as changes in OAS and prepayment rates.

(3)	These amounts reflect periodic adjustments to the valuation model as well as changes in certain cash flow assumptions such as cost to service and ancillary income per loan. For the three months ended March 31, 2013 and 2012, included in other model changes is the effect to the MSR cash flow assumptions caused by changes in spreads between primary and secondary markets.

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(1)	There were no material intersegment revenues.

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(1)	Includes negative fair value adjustments on structured liabilities of $90 million and $3.3 billion for the three months ended March 31, 2013 and 2012.

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(1)	Filed herewith

*	Exhibit is a management contract or a compensatory plan or arrangement

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(1)	Filed herewith

*	Exhibit is a management contract or a compensatory plan or arrangement