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
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Principles (Policies)
Notes Tables
Notes Details

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

v3.22.0.1

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ 181,745	$ 150,556
Hedged liability, long-term debt, cumulative fair value adjustments	3,987	8,910
Amortized cost basis of portfolios used in hedging relationships	21,100	34,600
Hedged asset, fair value edge, last-of-layer, amount	6,900	7,000
Cumulative basis adjustments, hedging relationships	(172)
Total AFS debt securities
Derivative [Line Items]
Hedged asset, available-for-sale debt securities, carrying value	209,038	116,252
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(2,294)	114
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities, carrying value	2,067	427
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	32	15
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	1,500	3,700
Interest rate risk on AFS securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative increase (decrease)	$ (1,000)	$ (69)

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Amount of cumulative increase (decrease) in fair value of hedged asset in fair value hedge, attributable to hedged risk, remaining after discontinued hedge.

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-Publisher FASB
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Amount of asset hedged in fair value hedging relationship.

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Amortized cost of closed portfolio of prepayable financial asset, used to designate hedging relationship in which hedged item is last layer expected to be remaining at end of hedging relationship.

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