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

Outstanding Loans and Leases and Allowance for Credit Losses - Loan Modifications, Narrative (Details)

Outstanding Loans and Leases and Allowance for Credit Losses - Loan Modifications, Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Trial modifications \| Minimum
Financing Receivable, Modified [Line Items]
Decrease of term for contractual payments	3 months
Trial modifications \| Maximum
Financing Receivable, Modified [Line Items]
Decrease of term for contractual payments	4 months
Consumer real estate
Financing Receivable, Modified [Line Items]
Real estate acquired through foreclosure	$ 117		$ 121
Loans with formal foreclosure proceeding in process	819		871
Reclassified consumer real estate loans	37	$ 56
Total	245
Consumer real estate \| Current
Financing Receivable, Modified [Line Items]
Total	149
Consumer real estate \| 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	56
Consumer real estate \| 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	$ 40
Consumer real estate \| Residential Mortgage And Home Equity Loan \| Permanent Modifications
Financing Receivable, Modified [Line Items]
Modified term	30 years
Consumer real estate \| Residential mortgage
Financing Receivable, Modified [Line Items]
Percentage of outstanding loans	0.09%
Total	$ 205
Consumer real estate \| Residential mortgage \| Current
Financing Receivable, Modified [Line Items]
Total	126
Consumer real estate \| Residential mortgage \| 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	49
Consumer real estate \| Residential mortgage \| 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	30
Consumer real estate \| Residential mortgage \| Forbearance And Other Payment Plans
Financing Receivable, Modified [Line Items]
Amortized cost	$ 158
Increase of weighted-average life of impacted loans	8 months 6 days
Forborne payments for modifications	$ 7
Consumer real estate \| Residential mortgage \| Trial modifications
Financing Receivable, Modified [Line Items]
Amortized cost	21
Consumer real estate \| Residential mortgage \| Permanent Modifications
Financing Receivable, Modified [Line Items]
Amortized cost	$ 47
Increase of weighted-average life of impacted loans	7 years 8 months 12 days
Weighted average interest rate reduction	1.50%
Consumer real estate \| Residential mortgage \| Permanent Modifications \| Minimum
Financing Receivable, Modified [Line Items]
Modified term	1 year
Consumer real estate \| Residential mortgage \| Permanent Modifications \| Maximum
Financing Receivable, Modified [Line Items]
Modified term	10 years
Consumer real estate \| Home equity
Financing Receivable, Modified [Line Items]
Percentage of outstanding loans	0.15%
Total	$ 40
Consumer real estate \| Home equity \| Current
Financing Receivable, Modified [Line Items]
Total	23
Consumer real estate \| Home equity \| 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	7
Consumer real estate \| Home equity \| 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	10
Consumer real estate \| Home equity \| Forbearance And Other Payment Plans
Financing Receivable, Modified [Line Items]
Amortized cost	$ 30
Increase of weighted-average life of impacted loans	8 months 27 days
Forborne payments for modifications	$ 3
Consumer real estate \| Home equity \| Trial modifications
Financing Receivable, Modified [Line Items]
Amortized cost	9
Consumer real estate \| Home equity \| Permanent Modifications
Financing Receivable, Modified [Line Items]
Amortized cost	$ 10
Increase of weighted-average life of impacted loans	12 years 1 month 6 days
Weighted average interest rate reduction	2.37%
Consumer real estate \| Home equity \| Permanent Modifications \| Minimum
Financing Receivable, Modified [Line Items]
Modified term	1 year
Consumer real estate \| Home equity \| Permanent Modifications \| Maximum
Financing Receivable, Modified [Line Items]
Modified term	15 years
Credit card and other consumer
Financing Receivable, Modified [Line Items]
Percentage of outstanding loans	0.08%
Amortized cost	$ 157
Weighted average interest rate reduction	18.65%
Total	$ 157
Credit card and other consumer \| Current
Financing Receivable, Modified [Line Items]
Total	109
Credit card and other consumer \| 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	24
Credit card and other consumer \| 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	24
Credit card and other consumer \| Principal Forgiveness
Financing Receivable, Modified [Line Items]
Amortized cost	11
Commercial
Financing Receivable, Modified [Line Items]
Total	822
Lending commitments			$ 358
Commercial \| Current
Financing Receivable, Modified [Line Items]
Total	775
Commercial \| 30–89 Days Past Due
Financing Receivable, Modified [Line Items]
Total	5
Commercial \| 90+ Days Past Due
Financing Receivable, Modified [Line Items]
Total	$ 42
Commercial \| Commercial loans
Financing Receivable, Modified [Line Items]
Percentage of outstanding loans	0.14%
Amortized cost	$ 822
Increase of weighted-average life of impacted loans	1 year 3 months 18 days
Lending commitments	$ 534
Commercial \| Commercial loans \| Extended Maturity
Financing Receivable, Modified [Line Items]
Amortized cost	700
Commercial \| Commercial loans \| Forbearance Program
Financing Receivable, Modified [Line Items]
Amortized cost	$ 102
Increase of weighted-average life of impacted loans	15 months
Commercial \| Commercial loans \| Other Miscellaneous Modifications
Financing Receivable, Modified [Line Items]
Amortized cost	$ 20
Commercial \| Commercial loans \| Payment Deferral \| Minimum
Financing Receivable, Modified [Line Items]
Increase of weighted-average life of impacted loans	12 months
Commercial \| Commercial loans \| Payment Deferral \| Maximum
Financing Receivable, Modified [Line Items]
Increase of weighted-average life of impacted loans	24 months