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
Uncategorized
- Uncategorized Items - bac-20240331.htm

Fair Value Measurements - Nonrecurring Fair Value (Details)

v3.24.1.u1

Fair Value Measurements - Nonrecurring Fair Value (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	$ 2,070		$ 2,059
Loans and leases	2,938		3,569
Other assets	13,935		$ 11,861
Nonrecurring
Gains (Losses)
Loans held-for-sale	(56)	$ (34)
Loans and leases	(10)	(11)
Foreclosed properties	(4)	(1)
Other assets	(13)	(6)
Loss on loans and leases written down to zero	3	3
Nonrecurring \| Government Guaranteed Mortgage Loans upon Foreclosure Receivable
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Foreclosed properties	28	60
Nonrecurring \| Level 2
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	35	715
Loans and leases	0	0
Foreclosed properties	0	0
Other assets	0	0
Nonrecurring \| Level 3
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Loans held-for-sale	2,687	3,428
Loans and leases	45	57
Foreclosed properties	44	4
Other assets	$ 10	$ 30

- Definition

This represents the balance of foreclosed properties measured at fair value on a nonrecurring basis categorized as Level 2 and 3 based on observability of inputs.

+ References

No definition available.

+ Details

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Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

This represents the amount of gain (loss) recognized on foreclosed properties, still held as of the reporting date, measured at fair value on a nonrecurring basis.

+ References

No definition available.

+ Details

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Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

This represents the amount of gain (loss) recognized on Loans and Leases, still held as of the reporting date, measured at fair value on a nonrecurring basis.

+ References

No definition available.

+ Details

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
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- Definition

This represents the amount of gain (loss) recognized on other assets, still held as of the reporting date, measured at fair value on a nonrecurring basis. Other Assets are those not individually reported in the financial statements or separately disclosed.

+ References

No definition available.

+ Details

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- Definition

This represents the amount of gain (loss) recognized on LHFS, still held as of the reporting date, measured at fair value on a nonrecurring basis.

+ References

No definition available.

+ Details

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- Definition

Gains (Losses) On Loans Held-For-Sale [Abstract]

+ References

No definition available.

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- Definition

Loss on Loans and Leases Written Down to Zero

+ References

No definition available.

+ Details

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Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
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- References

No definition available.

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- Definition

Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.

+ References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
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- Definition

Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Publisher FASB
-URI https://asc.fasb.org//310-10/tableOfContent

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- Definition

Fair value portion of other assets.

+ References

No definition available.

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Data Type:	xbrli:monetaryItemType
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