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

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

v3.23.3

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ 194,138	$ 187,402
Hedged liability, long-term debt, cumulative fair value adjustments	(14,154)	(21,372)
Amortized cost basis of portfolios used in hedging relationships	21,300	21,400
Hedged asset, portfolio layer	17,300	9,200
Cumulative basis adjustments, decrease, hedging relationships	741	451
AFS debt securities – Non-agency residential
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	86,730	167,518
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(6,262)	(18,190)
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	7,452	16,119
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	205	146
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	(10,700)	137
Interest rate risk on available-for-sale securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative decrease	$ 5,600	$ 4,900

- Definition

Hedged Asset, Fair Value Hedge, Portfolio Layer, Amount

+ References

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

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Amount of asset hedged in fair value hedging relationship.

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