Bank of America : December 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

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

10/01/20

24

(No. and Street)

AND ENDING (MM/DD/YY)

NEW YORK

21

NY

22

10036

23

12/31/20

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

day of

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)

12/31/20

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
	2,270,629,234				200				$	2,270,629,234		750
	0				210									0		760
	26,524,930				220
	1,629,566				230									28,154,496			770
	1,502,787,557				240
	0				250									1,502,787,557			780
	0				260
	0				270									0			790
	0		280
	1,257,864,601				290									1,257,864,601			800
	0				300	$	22,879,198		550			22,879,198			810
	6,348,240,632				310
	0		320		8,972,908		560
									24,899,746		570
	0			330		0		580
	0	)	335	(	0 )	590			6,382,113,286			820
	0			340
	0			350		0		600			0		830
	17,934,312,590			360		0		605			17,934,312,590		840
	100,781,107		370
	35,188		380
	121,777		390
	36,925
		400

Page 1

OMIT PENNIES

....... $

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

0 190

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

BROKER OR DEALER

as of

12/31/20

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

					STATEMENT OF FINANCIAL CONDITION
								ASSETS (continued)
									Allowable						Nonallowable
E. Stocks and warrants	$
7,019,127		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	$											$
	22,796	120
8. Securities owned not readily marketable:
A. At Cost	$		0						3,018,908
	130		0		440	$	610

9. Other investments not readily marketable:

Total

107,994,124 850

3,018,908 860

...... $		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)		988,916,132		490
15. Other Assets:
.......A. Dividends and interest receivable		676,188,674		500
B. Free shipments
	0		510
C. Loans and advances
	0		520
.....................D. Miscellaneous		48,867,568		530
E. Collateral accepted under SFAS 140 ....		0		536
F. SPE Assets ....................		0		537
16. TOTAL ASSETS
$	31,163,955,608		540	$

37,003,023 620

0 630

0 640

0 650

0 660

1,035,241,434 670

253,741,268 680

143,800 690

1,313,563 700

561,197,157 710

2,257,437,025 720

4,205,848,030 740 $

37,003,023 870

0 880

0 890

0 900

1,035,241,434 910

1,242,657,400 920

3,545,147,787 930

35,369,803,638 940 OMIT PENNIES

Page 2

0 960

17,204,380,066 950

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

FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT
	Status: Accepted
	PART II
BROKER OR DEALER	as of	12/31/20
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	*
		$					$
	1030				1240
	1040					1250
						1260

1050				1270
1060				1280
1070
1080				1290
1090
1095				1300
1100
1105				1310
1110				1320
1120
1130				1330
1140				1340
1150				1350
				1360
1160
1170
1180
				1370
1190
1200				1380
				1386
				1387

Total

0 1460

0 1470

0 1480

76,576,081 1490

0 1500

2,037,089,194 1510

0 1520

0 1530

0 1540

0 1550

8,039,348 1560

12,617 1570

20,339,491,023 1580

0 1590

0 1600

0 1610

35,761,489 1620

697,199,758 1630

461,646,696 1640

23,687,308 1650

37,094,080 1660

1,198,174,800 1670

1,043,726,160 1680

0 1686

0 1687

OMIT PENNIES

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

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