Bank of America : June 2020 FOCUS Report Form X-17A-5

UNITED STATES

Status: Accepted

SECURITIES AND EXCHANGE COMMISSION

FORM

FOCUS REPORT

(FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT)

X-17A-5

PART II

11

(Please read instructions before preparing Form)

This report is being filed pursuant to (Check Applicable

Block(s)):

1) Rule 17a-5(a)

2) Rule 17a-5(b)

3) Rule 17a-11

X

16

17

18

4) Special request by designated examining authority

5) Other

19

26

NAME OF BROKER-DEALER

SEC. FILE NO.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

13

8-07221

14

FIRM ID NO.

ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box

No.)

7691

15

20

FOR PERIOD BEGINNING (MM/DD/YY)

ONE BRYANT PARK

04/01/20

24

(No. and Street)

AND ENDING (MM/DD/YY)

NEW YORK

21

NY

22

10036

23

06/30/20

25

(City)

(State)

(Zip Code)

NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO

THIS REPORT(Area code) - Telephone No.

Faruqe Alam

30

[phone]

31

NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS

REPORT

OFFICIAL USE

32

33

34

35

36

37

38

39

DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ? YES

NO

X

40

41

CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT

42

EXECUTION:

The registrant/broker or dealer submitting this Form and its

attachments and the person(s) by whom

it is executed represent hereby that all information contained

therein is true, correct and complete.

It is understood that all required items, statements, and

schedules are considered integral parts of

this Form and that the submisson of any amendment represents

that all unamended items, statements

and schedules remain true, correct and complete as previously

submitted.

Dated the

24th

day of July

20 20

Manual Signatures of:

1)

Principal Executive Officer or Managing Partner

2)

Principal Financial Officer or Partner

3)

Principal Operations Officer or Partner

ATTENTION - Intentional misstatements or omissions of facts

constitute Federal

Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f (a)

)

FINRA

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

Status: Accepted

PART II

BROKER OR DEALER

N

2

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

100

STATEMENT OF FINANCIAL CONDITION

as of (MM/DD/YY)

06/30/20

99

SEC FILE NO.

8-07221

98

Consolidated

198

Unconsolidated

199

X

1. Cash ............................	$
2. Cash segregated in compliance with
federal and other regulations ..........
3. Receivable from brokers or dealers
and clearing organizations:
A. Failed to deliver:
1. Includable in "Formula for Reserve
Requirements" ..................
2. Other ........................
B. Securities borrowed:
1. Includable in "Formula for Reserve
Requirements" ...................
2. Other ........................
C. Omnibus accounts:
1. Includable in "Formula for Reserve
Requirements" ...................
2. Other .........................
D. Clearing Organizations:
1.Includable in "Formula for Reserve
Requirements" ...................
2. Other ........................
E. Other ..........................
4. Receivables from customers:
A. Securities accounts:
1. Cash and fully secured accounts .....
2. Partly secured accounts ............
3. Unsecured Accounts
B. Commodity accounts ................	(
C. Allowance for doubtful accounts ........
5. Receivables from non-customers:
A. Cash and fully secured accounts .......
B. Partly secured and unsecured accounts .
6. Securities purchased under agreements
to resell ..........................
7. Securities and spot commodities owned,
at market value:
A. Banker's acceptances, certificates of
deposit and commercial paper ........
B. U.S. and Canadian government
obligations .......................
C. State and municipal government
obligations .......................
D. Corporate obligations ...............

		ASSETS
		Allowable								Nonallowable							Total
	1,254,786,156				200				$	1,254,786,156		750
	0				210									0		760
	17,656,312				220
	17,334,821				230									34,991,133			770
	1,242,894,921				240
	39,790,244				250									1,282,685,165			780
	0				260
	0				270									0			790
	0		280
	923,419,001				290									923,419,001			800
	0				300	$	5,572,282		550			5,572,282			810
	4,920,665,257				310
	0		320		9,724,735		560
									31,333,063		570
	0			330		0		580
	0	)	335	(	4,895,830 )	590			4,956,827,225			820
	0			340
	0			350		0		600			0		830
	15,601,986,842			360		0		605			15,601,986,842		840
	98,930,212		370
	188,680		380
	62,920		390
	123,521
		400

Page 1

OMIT PENNIES

....... $

.....................

0 190

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT	Status: Accepted
PART II

BROKER OR DEALER

as of

06/30/20

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

					STATEMENT OF FINANCIAL CONDITION
								ASSETS (continued)
									Allowable						Nonallowable
E. Stocks and warrants	$
14,085,207		410
F. Options
					0		420
G. Arbitrage
					0		422
H. Other securities
	....................				0		424
I. Spot Commodities
			0		430
J.Total inventory - includes encumbered
securities of	$											$
	338,288	120
8. Securities owned not readily marketable:
A. At Cost	$		0						2,871,351
	130		0		440	$	610

9. Other investments not readily marketable:

Total

113,390,540 850

2,871,351 860

...... $		0		140
B. At estimated fair	value
...............	0	450

10. Securities borrowed under subordination agree- ments and partners' individual and capital securities accounts, at market value:

A. Exempted

securities .... $	0	150
B. Other ....... $
0	160	0	460

11. Secured demand notes- market value of collateral: A. Exempted

securities .... $	0		170
B. Other ....... $
0	180	0	470

12. Memberships in exchanges: A. Owned, at market

value

B. Owned at cost

C. Contributed for use of company,

at market value .....................

13. Investment in and receivables from affiliates, subsidiaries and

associated partnerships ...............

0 480

14. Property, furniture, equipment, leasehold improvements and rights under

lease agreements:

At cost (net of accumulated

..........depreciation and amortization)		1,022,744,788		490
15. Other Assets:
.......A. Dividends and interest receivable		34,595,515		500
B. Free shipments
	0		510
C. Loans and advances
	0		520
.....................D. Miscellaneous		39,274,900		530
E. Collateral accepted under SFAS 140 ....		0		536
F. SPE Assets ....................		0		537
16. TOTAL ASSETS
$	25,228,539,297		540	$

42,117,916 620

0 630

0 640

0 650

0 660

1,189,461,479 670

239,440,505 680

155,419 690

4,171,605 700

643,413,151 710

2,266,432,576 720

4,429,798,252 740 $

42,117,916 870

0 880

0 890

0 900

1,189,461,479 910

1,262,185,293 920

2,988,043,166 930

29,658,337,549 940 OMIT PENNIES

Page 2

0 960

12,571,475,083 950

.............

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
	Status: Accepted
	PART II
BROKER OR DEALER	as of	06/30/20
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
	STATEMENT OF FINANCIAL CONDITION
	LIABILITIES AND OWNERSHIP EQUITY

				A.I.
	Liabilities			Liabilities
17. Bank loans payable:
	A. Includable in "Formula for Reserve
	Requirements" ...................	$
	B. Other .........................

18. Securities sold under repurchase agreements.

19. Payable to brokers or dealers and clearing organizations:

A. Failed to receive:

1. 1. Includable in "Formula for Reserve Requirements" ................
   2. Other ........................
2. Securities loaned:
3. 1. Includable in "Formula for Reserve Requirements" .................

   2. Other ........................

4. Omnibus accounts:
5. 1. Includable in "Formula for Reserve Requirements" .................
   2. Other ........................
6. Clearing organizations:
7. 1. Includable in "Formula for Reserve Requirements" .................
   2. Other ........................
8. Other .........................

20. Payable to customers:

1. Securities accounts - including free credits

of ...... $

B. Commodities accounts

1. Payable to non customers: .........

1. Securities accounts ...............
2. Commodities accounts .............

1. Securities sold not yet purchased at market value - including arbitrage

of ...... $

23. Accounts payable and accrued liabilities and expenses: ....................

1. Drafts payable ...................
2. Accounts payable ................
3. Income taxes payable ............
4. Deferred income taxes .............
5. Accrued expenses and other liabilities ..
6. Other .........................
7. Obligation to return securities .......
8. SPE Liabilities ..................

				Non-A.I.
*				Liabilities	*				Total
		$					$	0
	1030				1240	1460
	1040					1250		0	1470
						1260		0		1480

1050				1270		73,428,008		1490
1060				1280		2,916,848		1500
1070						1,513,289,239		1510
1080				1290		0		1520
1090						0		1530
1095				1300		0		1540
						0		1550
1100
1105				1310		16,877,500		1560
1110				1320		0		1570
1120						15,340,219,553		1580
1130				1330		0		1590
1140				1340		0		1600
1150				1350		0		1610
				1360		25,112,156		1620
1160						380,495,117		1630
1170						381,401,032		1640
1180						212,216,304		1650
				1370		0		1660
1190						973,110,911		1670
1200				1380		1,074,521,925		1680
				1386		0		1686
						0
				1387			1687

OMIT PENNIES

*Brokers or Dealers electing the alternative net capital requirement method need not complete these columns.

Page 3

.................... $

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART II

BROKER OR DEALER

as of	06/30/20
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

STATEMENT OF FINANCIAL CONDITION

LIABILITIES AND OWNERSHIP EQUITY (continued)

Status: Accepted

Liabilities

24. Notes and mortgages payable:

A. Unsecured ............................ $

B. Secured .............................

25. Liabilities subordinated to claims of
general creditors:
A. Cash borrowings: .......................
1. from outsiders
$			0		0970
2. Includes equity subordination(15c3-1(d))
.........of	$			0		0980
B. Securities borrowings, at market value: ......
from outsiders	$			0		0990
C. Pursuant to secured demand note
collateral agreements: ...................
1. from outsiders	$			0		1000
2. Includes equity subordination(15c3-1(d))
of
$			0		1010
D. Exchange memberships contributed for

use of company, at market value ..........

E. Accounts and other borrowings not

qualified for net capital purposes ...........

26. TOTAL LIABILITIES

	A.I.			Non-A.I.
	Liabilities *			Liabilities *			Total
											$
			1210							756,095,529		1690
					$
			1211		1390		0		1700
									1400		620,000,000		1710
									1410		0		1720
									1420		0		1730
									1430		0		1740
			1220	$				1440		0			1750
			1230				1450	$	21,369,684,122		1760

Ownership Equity

27. Sole proprietorship	.............................................................	$
28. Partnership - limited
..............partners	0	1020

29. Corporation: ..................................................................

1. Preferred stock ..............................................................
2. Common stock ..............................................................
3. Additional paid- in capital .......................................................
4. Retained Earnings ............................................................
5. Accumulated other comprehensive income ............................................
6. Total ......................................................................

G. Less capital stock in treasury .....................................................	(
30. TOTAL OWNERSHIP EQUITY .....................................................	$

0 1770

0 1780

0 1791

1,000 1792

6,763,509,973 1793

1,529,270,344 1794

(4,127,890) 1797

8,288,653,427 1795

0 ) 1796

8,288,653,427 1800

.......................................31. TOTAL LIABILITIES AND OWNERSHIP EQUITY	$	29,658,337,549		1810

OMIT PENNIES

* Brokers or Dealers electing the alternative net capital requirement method need not complete these columns.

Page 4

....................................... $

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT	Status: Accepted
	PART II
BROKER OR DEALER	as of	06/30/20
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

COMPUTATION OF NET CAPITAL

1. Total ownership equity (from Statement of Financial Condition - Item 1800)	..................... $
2. Deduct: Ownership equity not allowable for Net Capital	....................................				(
3. Total ownership equity qualified for Net Capital ..........................................
4. Add:
A. Liabilities subordinated to claims of general creditors	allowable in computation of net capital ......
B. Other (deductions) or allowable credits (List) .........................................
5. Total capital and allowable subordinated liabilities ........................................					$
6. Deductions and/or charges:
A. Total non-allowable assets from
Statement of Financial Condition (Notes B and C)	$
	4,429,798,252	3540
1. Additional charges for customers' and
non-customers' security accounts
						33,958,003	3550
2. Additional charges for customers' and
non-customers' commodity accounts
.....................						0		3560
B. Aged fail-to-deliver:
						3,469,048	3570
1. number of items
		1,704	3450
C. Aged short security differences-less
reserve of	$
	0		3460			0	3580
number of items
		0	3470
D. Secured demand note deficiency
						0	3590
E. Commodity futures contracts and spot commodities -
proprietary capital charges
						0		3600
F. Other deductions and/or charges
						80,871,035	3610
G. Deductions for accounts carried under
Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x)
						0	3615
H. Total deductions and/or charges ..................................................										(

7. Other additions and/or allowable credits (List) ...........................................

8. Net Capital before haircuts on securities positions

9. Haircuts on securities: (computed, where applicable, pursuant to 15c3-1(f)):

........................A. Contractual securities commitments	$	0	3660
........................B. Subordinated securities borrowings		0		3670
C. Trading and investment securities:
1. Bankers' acceptances, certificates of deposit
and commercial paper
	2,041,962		3680
2. U.S. and Canadian government obligations
	9,991		3690
3. State and municipal government obligations
	439,812		3700
4. Corporate obligations
	143,833		3710
5. Stocks and warrants
	2,112,781		3720
6. Options
	0		3730
7. Arbitrage
	0		3732
8. Other securities
	0		3734
D. Undue concentration
	0		3650
E. Other (List)					(
	0		3736
10. Net Capital ...................................................................				$

8,288,653,427 3480

0 ) 3490

8,288,653,427 3500

620,000,000 3520

0 3525

8,908,653,427 3530

4,548,096,338 ) 3620

0 3630

4,360,557,089 3640

4,748,379 ) 3740

4,355,808,710 3750

OMIT PENNIES

Page 5

Status: Accepted

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT

PART II

BROKER OR DEALER
as of	06/30/20
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

COMPUTATION OF BASIC NET CAPITAL REQUIREMENT

Part A

11. Minimal net capital required (6-2/3% of line 19) ...............................................	$
12. Minimum dollar net capital requirement of reporting broker	or dealer and minimum net capital requirement
of subsidiaries computed in accordance with Note (A)	.........................................	$
13. Net capital requirement (greater of line 11 or 12) ............................................	$
14. Excess net capital (line 10 less 13) .....................................................	$
15. Net capital less greater of 10% of line 19 or 120% of line	12 .......................................	$

COMPUTATION OF AGGREGATE INDEBTEDNESS
16. Total A.I. liabilities from Statement of Financial Condition	.......................................			$
17. Add:
A. Drafts for immediate credit	$
3800
B. Market value of securities borrowed for which no
...........................equivalent value is paid or credited			3810
............................C. Other unrecorded amounts (List)			3820	$
18. Deduct: Adjustment based on deposits in Special Reserve	...............Bank Accounts(15c3-1(c)(1)(vii))		$
19. Total aggregate indebtedness.......................................................				$
20. Percentage of aggregate indebtedness to net capital (line	19 divided by line 10) .......................		%
21. Percentage of aggregate indebtedness to net capital after	anticipated capital withdrawals
(line 19 divided by line 10 less item 4880 page 12) ............................................				%

3756

3758

3760

3770

3780

3790

3830

3838

3840

3850

3853

Part B	COMPUTATION OF ALTERNATE NET CAPITAL REQUIREMENT
22. 2% of combined aggregate debit items as shown in Formula		for Reserve Requirements pursuant
to Rule 15c3-3 prepared as of the date of net capital		computation including both
brokers or dealers and consolidated subsidiaries' debits			.......................................	$
23. Minimum dollar net capital requirement of reporting broker	or dealer and minimum net capital
requirement of subsidiaries computed in accordance with Note(A)	$
24. Net capital requirement (greater of line 22 or 23)		............................................			$
25. Excess net capital (line 10 less 24)....................................................					$
26. Percentage of Net Capital to Aggregate Debits (line 10	divided by line 18 page 8) ........................	%
27. Percentage of Net Capital, afteranticipated capital	withdrawals, to Aggregate Debits
item 10 less Item 4880 page 12 divided by line 17 page 8)		........................................	%
28. Net capital in excess of the greater of:
5% of combined aggregate debit items or 120% of minimum net	capital requirement .....................	$
Part C					OTHER RATIOS
						%
29. Percentage of debt to debt-equity total computed in	accordance with Rule 15c3-1 (d) ....................
30. Options deductions/Net Capital ratio (1000% test) total	deductions exclusive of liquidating
equity under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x) divided by	Net Capital ............................	%
NOTES:
(A) The minimum net capital requirement should be computed by	adding the minimum dollar net capital requirement
of the reporting broker dealer and, for each subsidiary to be	consolidated, the greater of:
1. Minimum dollar net capital requirement, or
2. 6-2/3% of aggregate indebtedness or 2% of aggregate debits	if alternate method is used.
(B) Do not deduct the value of securities borrowed under		subordination agreements or secured demand notes
covered by subordination agreements not in satisfactory form		and the market values of memberships in
exchanges contributed for use of company (contra to item 1740)	and partners' securities which were
included in non-allowable assets.
(C) For reports filed pursuant to paragraph (d) of Rule 17a-5,	respondent should provide a list of material
non-allowable assets.

10/85	Page 6

134,271,675 3870

1,500,000 3880

134,271,675 3760

4,221,537,035 3910

64.88 3851

49.99 3854

4,020,129,524 3920

6.96 3860

0.00 3852