Annual report pursuant to Section 13 and 15(d)

Long-term Debt (Tables)

v3.10.0.1
Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Balance of Long-term Debt The table below presents the balance of long-term debt at December 31, 2018 and 2017, and the related contractual rates and maturity dates as of December 31, 2018.
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average Rate
 
 
 
 
 
 
December 31
(Dollars in millions)
 
Interest Rates
 
Maturity Dates
 
2018
 
2017
Notes issued by Bank of America Corporation
 
 
 
 
 
 
 
 
 

 
 

Senior notes:
 
 
 
 
 
 
 
 
 

 
 

Fixed
3.39
%
 
0.39 - 8.40
%
 
2019 - 2049
 
$
120,548

 
$
119,548

Floating
2.09
 
 
0.06 - 7.26
 
 
2019 - 2044
 
25,574

 
21,048

Senior structured notes (1)
 
 
 
 
 
 
 
 
13,768

 
15,460

Subordinated notes:
 
 
 
 
 
 
 
 
 
 
 
Fixed
4.91
 
 
2.94 - 8.57
 
 
2019 - 2045
 
20,843

 
22,004

Floating
2.16
 
 
1.14 - 3.55
 
 
2019 - 2026
 
1,742

 
4,058

Junior subordinated notes (2):
 
 
 
 
 
 
 
 
 
 
 
Fixed
6.71
 
 
6.45 - 8.05
 
 
2027 - 2066
 
732

 
3,282

Floating
3.54
 
 
3.54
 
 
2056
 
1

 
553

Total notes issued by Bank of America Corporation
 
 
 
 
 
 
 
 
183,208

 
185,953

Notes issued by Bank of America, N.A.
 
 
 
 
 
 
 
 
 

 
 

Senior notes:
 
 
 
 
 
 
 
 
 

 
 

Fixed
 
 
 
 
 
 
 
 

 
4,686

Floating
2.96
 
 
2.90 - 2.96
 
 
2020 - 2041
 
1,770

 
1,033

Subordinated notes
6.00
 
 
6.00
 
 
2036
 
1,617

 
1,679

Advances from Federal Home Loan Banks:
 
 
 
 
 
 
 
 
 
 
 
Fixed
5.10
 
 
0.01 - 7.72
 
 
2019 - 2034
 
130

 
146

Floating
2.49
 
 
2.24 - 2.80
 
 
2019 - 2020
 
14,751

 
5,000

Securitizations and other BANA VIEs (3)
 
 
 
 
 
 
 
 
10,326

 
8,641

Other
 
 
 
 
 
 
 
 
442

 
433

Total notes issued by Bank of America, N.A.
 
 
 
 
 
 
 
 
29,036

 
21,618

Other debt
 
 
 
 
 
 
 
 
 

 
 

Structured liabilities
 
 
 
 
 
 
 
 
16,478

 
18,574

Nonbank VIEs (3)
 
 
 
 
 
 
 
 
618

 
1,232

Other
 
 
 
 
 
 
 
 

 
25

Total other debt
 
 
 
 
 
 
 
 
17,096

 
19,831

Total long-term debt
 
 
 
 
 
 
 
 
$
229,340

 
$
227,402

(1) 
Includes total loss-absorbing capacity compliant debt.
(2) 
Includes amounts related to trust preferred securities. For additional information, see Trust Preferred Securities in this Note.
(3) 
Represents the total long-term debt included in the liabilities of consolidated VIEs on the Consolidated Balance Sheet.
Schedule of Maturities of Long-term Debt The following table shows the carrying value for aggregate annual contractual maturities of long-term debt as of December 31, 2018. Included in the table are certain structured notes issued by the Corporation that contain provisions whereby the borrowings are redeemable at the option of the holder (put options) at specified dates prior to maturity. Other structured notes have coupon or repayment terms linked to the performance of debt or equity securities, indices, currencies or commodities, and the maturity may be accelerated based on the value of a referenced index or security. In both cases, the Corporation or a subsidiary may be required to settle the obligation for cash or other securities prior to the contractual maturity date. These borrowings are reflected in the table as maturing at their contractual maturity date.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt by Maturity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Bank of America Corporation
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior notes
$
14,831

 
$
10,308

 
$
15,883

 
$
14,882

 
$
22,570

 
$
67,648

 
$
146,122

Senior structured notes
1,337

 
875

 
482

 
1,914

 
323

 
8,837

 
13,768

Subordinated notes
1,501

 

 
346

 
364

 

 
20,374

 
22,585

Junior subordinated notes

 

 

 

 

 
733

 
733

Total Bank of America Corporation
17,669

 
11,183

 
16,711

 
17,160

 
22,893

 
97,592

 
183,208

Bank of America, N.A.
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior notes

 
1,750

 

 

 

 
20

 
1,770

Subordinated notes

 

 

 

 

 
1,617

 
1,617

Advances from Federal Home Loan Banks
11,762

 
3,010

 
2

 
3

 
1

 
103

 
14,881

Securitizations and other Bank VIEs (1)
3,200

 
3,100

 
4,022

 

 

 
4

 
10,326

Other
224

 
83

 

 
2

 
133

 

 
442

Total Bank of America, N.A.
15,186

 
7,943

 
4,024

 
5

 
134

 
1,744

 
29,036

Other debt
 
 
 
 
 
 
 
 
 
 
 
 
 
Structured liabilities
5,085

 
2,712

 
1,112

 
558

 
830

 
6,181

 
16,478

Nonbank VIEs (1)
35

 

 

 

 
23

 
560

 
618

Total other debt
5,120

 
2,712

 
1,112

 
558

 
853

 
6,741

 
17,096

Total long-term debt
$
37,975

 
$
21,838

 
$
21,847

 
$
17,723

 
$
23,880

 
$
106,077

 
$
229,340

(1)  
Represents the total long-term debt included in the liabilities of consolidated VIEs on the Consolidated Balance Sheet.