Bank of America : September 2020 FOCUS Report

UNITED STATES	Status: Accepted
SECURITIES AND EXCHANGE COMMISSION

FORM

FOCUS REPORT

(FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT)

X-17A-5

PART II CSE 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.

BOFA SECURITIES, INC.

13

8-69787

14

FIRM ID NO.

ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.)

15

283942

ONE BRYANT PARK

20

FOR PERIOD BEGINNING (MM/DD/YY)

07/01/20

24

(No. and Street)

AND ENDING (MM/DD/YY)

NEW YORK

21

NY

22

10036

23

09/30/20

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]
NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT		OFFICIAL USE
						32
						34
						36
						38
					DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS ?	YES			NO
					X	40		41
					CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT
										42

31

33

35

37

39

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 theday of20

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 CSE

BROKER OR DEALER

N

2

BOFA SECURITIES, INC.

100

STATEMENT OF FINANCIAL CONDITION

as of (MM/DD/YY)

09/30/20

99

SEC FILE NO.

8-69787

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. Derivative Receivables: ...............

8. Trade Date Receivable: ...............

9. Securities and spot commodities owned,

at market value:

Includes encumbered securities of

........ $	29,898,192,941	120

ASSETS

AllowableNonallowable

325,451,185

200

$

7,773,104,332 210

749,943,638 220

1,122,979,243 230

2,667,216,379 240

86,630,147,242 250

0 260

3,347,572,799 270

0	280
6,421,332,304	290
8,747,181	300	$	640,083,875		550
2,650,327,118	310
0	320		709,583		560
			25,947,329		570
343,851,158	330		75,128,146		580
0 )	335	(	0 )	590
1,321,552,434	340
0	350		0		600
98,827,165,220	360		0		605
718,188,610	291
3,497,728,145	292
86,295,297,952	849

Total

325,451,185 750

7,773,104,332 760

1,872,922,881 770

89,297,363,621 780

3,347,572,799 790

6,421,332,304 800

648,831,056 810

3,095,963,334 820

1,321,552,434 830

98,827,165,220 840

718,188,610 801

3,497,728,145 802

86,295,297,952 850

Page 1

OMIT PENNIES

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

BROKER OR DEALER

as of

09/30/20

BOFA SECURITIES, INC.

			STATEMENT OF FINANCIAL CONDITION
							ASSETS (continued)
								Allowable					Nonallowable
10. Securities owned not readily marketable:
A. At Cost ...... $	0	130		$	0		440	$	4,129,472,271		610	$
11. Other investments not readily marketable:
A. At Cost ...... $	0	140
B. At estimated fair value
...............		0		450		10,567,937		620

12. 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		0	630

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

securities .... $	0		170
B. Other ....... $
0	180		0	470		0	640

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

.......value	$	4,338,920	190
B. Owned at cost		.....................0	650
C. Contributed for use of company,
at market value		.....................0	660

15. Investment in and receivables from affiliates, subsidiaries and

...............associated partnerships	0	480		4,174,589,173	670

Total

4,129,472,271 860

10,567,937 870

0 880

0 890

0 900

4,174,589,173 910

1. Property, furniture, equipment, leasehold improvements and rights under
   lease agreements:
   At cost (net of accumulated
   depreciation and amortization) ..........
2. Other Assets:

1. Dividends and interest receivable .......
2. Free shipments ...................
3. Loans and advances ................
4. Miscellaneous .....................

E. Collateral accepted under SFAS 140 ....

F. SPE Assets	....................
18. TOTAL ASSETS	................... $

0		490		2,326,966		680
868,309,746		500		3,999,188		690
0		510		19,743,345		700
0		520		0		710
107,588,167		530		3,463,690,407		720
10,432,506,219		536
0		537
		$			$
314,109,009,072		540	12,546,258,220		740

2,326,966 920

14,895,837,072 930

326,655,267,292 940

Page 2

OMIT PENNIES

1,175,359,509 960

650,661,222 950

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

		FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
				Status: Accepted
			PART II CSE
BROKER OR DEALER	as of	09/30/20
BOFA SECURITIES, INC.
			STATEMENT OF FINANCIAL CONDITION
	Liabilities		LIABILITIES AND OWNERSHIP EQUITY			Total

1. Bank loans payable:

1. Includable in "Formula for Reserve Requirements" ...................
2. Other .........................

1. Securities sold under repurchase agreements.
2. 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 .........................

22. Payable to customers:

1. Securities accounts - including free credits

$	0		1460
	0		1470
	151,432,122,051		1480

1,015,744,331 1490

717,071,669 1500

811,949,657 1510

62,090,114,968 1520

294,956,416 1530

0 1540

0 1550

689,702,571 1560

2,140,149,543 1570

of ...... $

B. Commodities accounts

23. Payable to non customers: ...........

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

1. Derivative Payables: ...............
2. Trade Date Payable: ...............
3. Securities sold not yet purchased at market value - including arbitrage

of ...... $

27. 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 ....................

4,243,143,011 1580

19,906,060,023 1590

659,864,038 1600

2,721,419,261 1610

1,612,376,058 1561

0 1562

24,779,937,230 1620

6,584,666 1630

558,894,459 1640

1,399,241,619 1650

0 1660

1,588,074,557 1670

0 1680

12,228,676,746 1686

0 1687

Page 3	OMIT PENNIES

	FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
		Status: Accepted
										PART II CSE
BROKER OR DEALER										as of
BOFA SECURITIES, INC.										09/30/20
					STATEMENT OF FINANCIAL CONDITION
				LIABILITIES AND OWNERSHIP EQUITY (continued)
				Liabilities							Total
28. Notes and mortgages payable:
...........................A. Unsecured											$		3,775,068,542		1690
B. Secured
														0		1700
29. Liabilities subordinated to claims of
general creditors:
A. Cash borrowings: ......................															8,650,000,000		1710
1. from outsiders				0		970
2. Includes equity subordination(15c3-1(d))
of
$				0			980
B. Securities borrowings, at market value:
......											0		1720
from outsiders	$
			0			990
C. Pursuant to secured demand note
..................collateral agreements:											0		1730
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
										0		1740
E. Accounts and other borrowings not
..........qualified for net capital purposes											0		1750
30. TOTAL LIABILITIES
....................											$		301,321,151,416		1760

	Ownership Equity
31. Sole proprietorship .............................................................	$
32. Partnership - limited
partners
$	0	1020....................

33. 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 ....................................................	(
34. TOTAL OWNERSHIP EQUITY.......................................................	$
35. TOTAL LIABILITIES AND OWNERSHIP EQUITY .......................................	$

0 1770

0 1780

5,858,000,000 1791

1,000 1792

15,057,622,012 1793

4,418,492,864 1794

0 1797

25,334,115,876 1795

0 ) 1796

25,334,115,876 1800

326,655,267,292 1810

OMIT PENNIES

Page 4

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
Status: Accepted
	PART II CSE
BROKER OR DEALER	as of	09/30/20
BOFA SECURITIES, INC.

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)
$		12,546,258,220	3540
1. Additional charges for customers' and
non-customers' security accounts
						22,685,100	3550
2. Additional charges for customers' and
non-customers' commodity accounts
.....................						0		3560
B. Aged fail-to-deliver:
						48,367,264	3570
1. number of items
		1,269	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							1,069,707,388	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. Tentative Net Capital ............................................................							$
9. Total Market Risk Exposure ........................................................							$
10. Total Credit Risk Exposure ........................................................							$
11. Net Capital ...................................................................							$

25,334,115,876 3480

0 ) 3490

25,334,115,876 3500

8,650,000,000 3520

0 3525

33,984,115,876 3530

13,687,017,972 ) 3620

0 3630

20,297,097,904 3640

2,080,438,508 3635

335,672,061 3679

17,880,987,335 3750

OMIT PENNIES

Page 5

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT		Status: Accepted
PART II CSE
BROKER OR DEALER
as of	09/30/20
BOFA SECURITIES, INC.

Part A	COMPUTATION OF NET CAPITAL REQUIREMENT
12. 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	.......................................	$
13. Minimum dollar net capital requirement of reporting broker	or dealer and minimum net capital
requirement of subsidiaries	..........................................................		$
14. Net capital requirement (greater of line 12 or 13)	............................................	$
15. Excess net capital (line 11 less 14)	.................................................... $
16. Percentage of Net Capital to Aggregate Debits (line 11	divided by line 18 page 10) ........................	%
17. Percentage of Net Capital, afteranticipated capital withdrawals, to Aggregate Debits
item 11 less Item 4880 page 19 divided by line 18 page 10)	........................................	%
18. Net capital in excess of the greater of:
5% of combined aggregate debit items or 120% of minimum net capital requirement .....................	$

3,035,293,288 3870

607,403,392 3880

3,035,293,288 3760

14,845,694,047 3910

216.64 3851

186.35 3854

14,660,308,449 3920

OTHER RATIOS
Part B
19. Percentage of debt to debt-equity total computed in accordance with Rule 15c3-1 (d) ....................	%
20. 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 ............................	%

1. 3860

1. 3852

Page 6