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
Uncategorized
- Uncategorized Items - bac-20221231.htm

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

v3.22.4

Derivatives - Designated Fair Value Hedged Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Hedged liability, long-term debt, carrying value	$ 187,402	$ 181,745
Hedged liability, long-term debt, cumulative fair value adjustments	(21,372)	3,987
Amortized cost basis of portfolios used in hedging relationships	21,400	21,100
Hedged asset, fair value edge, last-of-layer, amount	9,200	6,900
Cumulative basis adjustments, hedging relationships	(451)	(172)
AFS debt securities – Non-agency residential
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	167,518	209,038
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	(18,190)	(2,294)
Total trading account assets
Derivative [Line Items]
Hedged asset, available-for-sale debt securities and trading account assets, carrying value	16,119	2,067
Hedged asset, available-for-sale debt securities, cumulative fair value adjustments	146	32
Interest rate risk on long-term debt
Derivative [Line Items]
Increase (decrease) in liability	137	1,500
Interest rate risk on AFS securities
Derivative [Line Items]
Available-for-sale securities from discontinued hedging relationships cumulative increase (decrease)	$ (4,900)	$ (1,000)

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

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