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
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - bac-20201231.htm

Derivatives - Designated Fair Value Hedged Assets (Liabilities) (Details)

v3.20.4

Derivatives - Designated Fair Value Hedged Assets (Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ (150,556)	$ (162,389)
Hedged liability, long-term debt, cumulative fair value adjustments	(8,910)	(8,685)
Amortized cost basis of portfolios used in hedging relationships	34,600
Hedged asset, fair value edge, last-of-layer, amount	7,000
Total AFS debt securities
Derivative [Line Items]
Hedged asset, available-for-sale debt securities, carrying value	116,252	1,654
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	114	64
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities, carrying value	427	0
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	15	0
Interest rate risk on long-term debt
Derivative [Line Items]
(Increase) decrease in liability	(3,700)	1,300
Interest rate risk on AFS securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative increase (decrease)	$ (69)	$ 8

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-Publisher FASB
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