Bank of America Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 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
Uncategorized
- Uncategorized Items - bac-20210930.htm

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

v3.21.2

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ 177,111	$ 150,556
Hedged liability, long-term debt, cumulative fair value adjustments	4,933	8,910
Amortized cost basis of portfolios used in hedging relationships	23,700	34,600
Hedged asset, fair value edge, last-of-layer, amount	6,900	7,000
Cumulative basis adjustments, hedging relationships	(103)
Total AFS debt securities
Derivative [Line Items]
Hedged asset, available-for-sale debt securities, carrying value	178,130	116,252
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(2,120)	114
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities, carrying value	590	427
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	0	15
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	1,200	3,700
Interest rate risk on AFS securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative increase (decrease)	$ (240)	$ (69)

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Amount of asset hedged in fair value hedging relationship.

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