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

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

v3.23.1

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ 187,097	$ 187,402
Hedged liability, long-term debt, cumulative fair value adjustments	(12,629)	(21,372)
Amortized cost basis of portfolios used in hedging relationships	21,100	21,400
Hedged asset, portfolio layer	9,300	9,200
Cumulative basis adjustments, decrease, hedging relationships	329	451
AFS debt securities – Non-agency residential
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	107,422	167,518
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(4,283)	(18,190)
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	8,295	16,119
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	487	146
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	(4,600)	137
Interest rate risk on AFS securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative decrease	$ 8,300	$ 4,900

- Definition

Hedged Asset, Fair Value Hedge, Portfolio Layer, Amount

+ References

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- Definition

Amount of cumulative increase (decrease) in fair value of hedged asset in fair value hedge, attributable to hedged risk, remaining after discontinued hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4EE
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109999712-113959

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- Definition

Amount of asset hedged in fair value hedging relationship.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4EE
-Subparagraph (a)
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Amount of cumulative increase (decrease) in fair value of hedged asset in fair value hedge, attributable to hedged risk.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4EE
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Amount of cumulative increase (decrease) in fair value of hedged asset in fair value hedge, attributable to hedged risk, in last-of-layer hedging relationship.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
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-Paragraph 4EEE
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Amount of liability hedged in fair value hedging relationship.

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Amortized cost of closed portfolio of prepayable financial asset, used to designate hedging relationship in which hedged item is last layer expected to be remaining at end of hedging relationship.

+ References

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