Annual report pursuant to Section 13 and 15(d)

Regulatory Requirements and Restrictions - Schedule of Capital Under Basel 3 (Details)

v3.24.0.1
Regulatory Requirements and Restrictions - Schedule of Capital Under Basel 3 (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Regulatory Minimum    
G-SIB surcharge 2.50% 2.50%
Capital conservation buffer 2.50% 2.50%
Bank of America Corporation    
Regulatory Minimum    
Common equity tier 1 capital ratio 0.095 0.104
Tier 1 capital ratio 0.110 0.119
Total capital ratio 0.130 0.139
Regulatory Minimum    
Tier 1 leverage ratio 0.040 0.040
Supplementary leverage ratio 0.050 0.050
Subsidiaries | Bank of America, N.A.    
Regulatory Minimum    
Common equity tier 1 capital ratio 0.070 0.070
Tier 1 capital ratio 0.085 0.085
Total capital ratio 0.105 0.105
Regulatory Minimum    
Tier 1 leverage ratio 0.050 0.050
Supplementary leverage ratio 0.060 0.060
Standardized Approach    
Regulatory Minimum    
Stress capital buffer 2.50% 3.40%
Standardized Approach | Bank of America Corporation    
Risk-based capital metrics:    
Common equity tier 1 capital $ 194,928 $ 180,060
Tier 1 capital 223,323 208,446
Total capital 251,399 238,773
Risk-weighted assets $ 1,651,000 $ 1,605,000
Common equity tier 1 capital ratio 0.118 0.112
Tier 1 capital ratio 0.135 0.130
Total capital ratio 0.152 0.149
Leverage-based metrics:    
Adjusted quarterly average assets $ 3,135,000 $ 2,997,000
Tier 1 leverage ratio 0.071 0.070
Standardized Approach | Subsidiaries | Bank of America, N.A.    
Risk-based capital metrics:    
Common equity tier 1 capital $ 187,621 $ 181,089
Tier 1 capital 187,621 181,089
Total capital 201,932 194,254
Risk-weighted assets $ 1,395,000 $ 1,386,000
Common equity tier 1 capital ratio 0.135 0.131
Tier 1 capital ratio 0.135 0.131
Total capital ratio 0.145 0.140
Leverage-based metrics:    
Adjusted quarterly average assets $ 2,471,000 $ 2,358,000
Tier 1 leverage ratio 0.076 0.077
Advanced Approaches | Bank of America Corporation    
Risk-based capital metrics:    
Common equity tier 1 capital $ 194,928 $ 180,060
Tier 1 capital 223,323 208,446
Total capital 241,449 230,916
Risk-weighted assets $ 1,459,000 $ 1,411,000
Common equity tier 1 capital ratio 0.134 0.128
Tier 1 capital ratio 0.153 0.148
Total capital ratio 0.166 0.164
Leverage-based metrics:    
Adjusted quarterly average assets $ 3,135,000 $ 2,997,000
Tier 1 leverage ratio 0.071 0.070
SLR leverage exposure $ 3,676,000 $ 3,523,000
Supplementary leverage ratio 0.061 0.059
Advanced Approaches | Subsidiaries | Bank of America, N.A.    
Risk-based capital metrics:    
Common equity tier 1 capital $ 187,621 $ 181,089
Tier 1 capital 187,621 181,089
Total capital 192,175 186,648
Risk-weighted assets $ 1,114,000 $ 1,087,000
Common equity tier 1 capital ratio 0.168 0.167
Tier 1 capital ratio 0.168 0.167
Total capital ratio 0.172 0.172
Leverage-based metrics:    
Adjusted quarterly average assets $ 2,471,000 $ 2,358,000
Tier 1 leverage ratio 0.076 0.077
SLR leverage exposure $ 2,910,000 $ 2,785,000
Supplementary leverage ratio 0.064 0.065