Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
- Audit Information
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)

v3.24.0.1

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt
Hedged liability, long-term debt, carrying value	$ 203,986	$ 187,402
Hedged liability, long-term debt, cumulative fair value adjustments	(5,767)	(21,372)
Amortized cost basis of portfolios used in hedging relationships	39,100	21,400
Hedged asset, portfolio layer	22,500	9,200
Cumulative basis adjustments, increase (decrease), hedging relationships	48	(451)
AFS debt securities – Non-agency residential
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	134,077	167,518
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(1,793)	(18,190)
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	7,475	16,119
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	414	146
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	(10,500)	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

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