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Fair Value Measurements - Nonrecurring Fair Value (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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| Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||
| Loans held-for-sale, measured at fair value | $ 6,801us-gaap_LoansHeldForSaleFairValueDisclosure | $ 6,656us-gaap_LoansHeldForSaleFairValueDisclosure | |
| Loans and leases, measured at fair value | 8,681us-gaap_LoansReceivableFairValueDisclosure | 10,042us-gaap_LoansReceivableFairValueDisclosure | |
| Other assets, measured at fair value | 13,873us-gaap_OtherAssetsFairValueDisclosure | 18,055us-gaap_OtherAssetsFairValueDisclosure | |
| Nonrecurring | |||
| Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||
| Gains (Losses) on loans held-for-sale |
(19)bac_GainsLossesOnLoansHeldForSale / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
(71)bac_GainsLossesOnLoansHeldForSale / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
(24)bac_GainsLossesOnLoansHeldForSale / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
| Gains (Losses) on loans and leases |
(1,132)bac_GainLossOnLoansAndLeases / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
(1,104)bac_GainLossOnLoansAndLeases / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
(3,116)bac_GainLossOnLoansAndLeases / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
| Gains (Losses) on Foreclosed Properties |
(40)bac_GainLossOnForeclosedProperties / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
(39)bac_GainLossOnForeclosedProperties / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
(47)bac_GainLossOnForeclosedProperties / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
| Gains (Losses) on other assets |
(6)bac_GainLossOnOtherAssets / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
(20)bac_GainLossOnOtherAssets / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
(16)bac_GainLossOnOtherAssets / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
| Nonrecurring | Level 2 | |||
| Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||
| Loans held-for-sale, measured at fair value |
156us-gaap_LoansHeldForSaleFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
2,138us-gaap_LoansHeldForSaleFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
|
| Loans and leases, measured at fair value |
5us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
18us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
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| Foreclosed properties, measured at fair value |
0bac_ForeclosedPropertiesFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
12bac_ForeclosedPropertiesFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
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| Other assets, measured at fair value |
13us-gaap_OtherAssetsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
88us-gaap_OtherAssetsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel2Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
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| Nonrecurring | Level 3 | |||
| Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||
| Loans held-for-sale, measured at fair value |
30us-gaap_LoansHeldForSaleFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
115us-gaap_LoansHeldForSaleFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
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| Loans and leases, measured at fair value |
4,636us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
5,240us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
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| Foreclosed properties, measured at fair value |
1,197bac_ForeclosedPropertiesFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
1,258bac_ForeclosedPropertiesFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
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| Other assets, measured at fair value |
$ 0us-gaap_OtherAssetsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
$ 0us-gaap_OtherAssetsFairValueDisclosure / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_FairValueByMeasurementFrequencyAxis = us-gaap_FairValueMeasurementsNonrecurringMember |
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| X | ||||||||||
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- 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. No definition available.
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| X | ||||||||||
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- 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. No definition available.
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| X | ||||||||||
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- 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. No definition available.
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| X | ||||||||||
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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. No definition available.
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| X | ||||||||||
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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. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables. No definition available.
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| X | ||||||||||
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Fair value portion of other assets. No definition available.
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| X | ||||||||||
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- Details
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