Bank of America Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details)

v3.25.1

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Derivative [Line Items]
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt
Hedged liability, long-term debt, carrying value	$ 186,956	$ 188,202
Hedged liability, long-term debt, cumulative fair value adjustments	(2,622)	(7,263)
Amortized cost basis of portfolios used in hedging relationships	33,600	34,800
Hedged asset, portfolio layer	26,300	26,100
Cumulative basis adjustments, increase (decrease), hedging relationships	(88)	(435)
Available-for-sale debt securities
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	264,372	244,664
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(1,129)	(4,764)
Trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	9,466	3,639
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	$ 537	$ 101

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Hedged Asset, Fair Value Hedge, Portfolio Layer, Amount

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