Derivatives - Economic Hedges (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Other | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (loss) on derivatives not designated as hedging |
$ (9)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_OtherContractMember |
$ (19)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_OtherContractMember |
$ 58us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_OtherContractMember |
Interest rate lock commitments | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (loss) on derivatives not designated as hedging |
776us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateLockCommitmentsMember |
927us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateLockCommitmentsMember |
3,000us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateLockCommitmentsMember |
Mortgage banking income | Interest rate risk on mortgage banking income | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (loss) on derivatives not designated as hedging |
1,017us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_InterestRateRiskonMortgageBankingIncomeMember / us-gaap_IncomeStatementLocationAxis = bac_FeesandCommissionsMortgageBankingMember |
(619)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_InterestRateRiskonMortgageBankingIncomeMember / us-gaap_IncomeStatementLocationAxis = bac_FeesandCommissionsMortgageBankingMember |
1,324us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_InterestRateRiskonMortgageBankingIncomeMember / us-gaap_IncomeStatementLocationAxis = bac_FeesandCommissionsMortgageBankingMember |
Other income | Credit risk on loans | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (loss) on derivatives not designated as hedging |
16us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_CreditRiskonLoansMember / us-gaap_IncomeStatementLocationAxis = bac_NoninterestIncomeOtherOperatingIncomeMember |
(47)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_CreditRiskonLoansMember / us-gaap_IncomeStatementLocationAxis = bac_NoninterestIncomeOtherOperatingIncomeMember |
(95)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_CreditRiskonLoansMember / us-gaap_IncomeStatementLocationAxis = bac_NoninterestIncomeOtherOperatingIncomeMember |
Other income | Interest rate and foreign currency risk on ALM activities | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (loss) on derivatives not designated as hedging |
(3,683)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_InterestRateandForeignCurrencyRiskonAssetLiabilityManagementActivitiesMember / us-gaap_IncomeStatementLocationAxis = bac_NoninterestIncomeOtherOperatingIncomeMember |
2,501us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_InterestRateandForeignCurrencyRiskonAssetLiabilityManagementActivitiesMember / us-gaap_IncomeStatementLocationAxis = bac_NoninterestIncomeOtherOperatingIncomeMember |
424us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_InterestRateandForeignCurrencyRiskonAssetLiabilityManagementActivitiesMember / us-gaap_IncomeStatementLocationAxis = bac_NoninterestIncomeOtherOperatingIncomeMember |
Personnel expense | Price risk on restricted stock awards | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain (loss) on derivatives not designated as hedging |
$ 600us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_PriceRiskonRestrictedStockAwardsMember / us-gaap_IncomeStatementLocationAxis = bac_LaborandRelatedExpenseMember |
$ 865us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_PriceRiskonRestrictedStockAwardsMember / us-gaap_IncomeStatementLocationAxis = bac_LaborandRelatedExpenseMember |
$ 1,008us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = bac_PriceRiskonRestrictedStockAwardsMember / us-gaap_IncomeStatementLocationAxis = bac_LaborandRelatedExpenseMember |
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- Definition
Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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