Bank of America Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Carrying and Fair Value of Financial Instruments

The carrying values and fair values by fair value hierarchy of certain financial instruments where only a portion of the ending balance was carried at fair value at March 31, 2015 and December 31, 2014 are presented in the table below.



Fair Value of Financial Instruments
	March 31, 2015								December 31, 2014
			Fair Value								Fair Value
(Dollars in millions)	Carrying Value		Level 2		Level 3		Total		Carrying Value		Level 2		Level 3		Total
Financial assets
Loans	$	839,962	$	80,683	$	780,895	$	861,578	$	842,259	$	87,174	$	776,370	$	863,544
Loans held-for-sale	9,732		8,991		741		9,732		12,836		12,236		618		12,854
Financial liabilities
Deposits	$	1,153,168	$	1,153,707	$	—	$	1,153,707	$	1,118,936	$	1,119,427	$	—	$	1,119,427
Long-term debt	237,858		242,920		2,806		245,726		243,139		249,692		2,362		252,054

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References + Details