Commitments and Contingencies Commitments and Contingencies - Credit Extension Commitments (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 31, 2015
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Dec. 31, 2014
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Other Commitments [Line Items] | ||
Expire in One Year or Less | $ 463,806bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess | $ 471,320bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess |
Expire After One Year Through Three Years | 128,336bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears | 126,525bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears |
Expire After Three Years Through Five Years | 154,292bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears | 163,616bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears |
Expire After Five Years | 61,597bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears | 36,254bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears |
Notional Amount of Credit Extension Commitments | 808,031bac_CreditExtensionCommitmentsNotionalAmount | 797,715bac_CreditExtensionCommitmentsNotionalAmount |
Loan Commitments | ||
Other Commitments [Line Items] | ||
Expire in One Year or Less |
76,170bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
79,897bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
Expire After One Year Through Three Years |
103,314bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
97,583bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
Expire After Three Years Through Five Years |
143,400bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
146,743bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
Expire After Five Years |
26,557bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
18,942bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
Notional Amount of Credit Extension Commitments |
349,441bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
343,165bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_LoanPurchaseCommitmentsMember |
Home equity | ||
Other Commitments [Line Items] | ||
Expire in One Year or Less |
6,440bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
6,292bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
Expire After One Year Through Three Years |
20,439bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
19,679bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
Expire After Three Years Through Five Years |
9,931bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
12,319bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
Expire After Five Years |
16,551bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
15,417bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
Notional Amount of Credit Extension Commitments |
53,361bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
53,707bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_HomeEquityMember |
Standby letters of credit and financial guarantees | ||
Other Commitments [Line Items] | ||
Expire in One Year or Less |
10,020bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
19,259bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
Expire After One Year Through Three Years |
4,290bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
9,106bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
Expire After Three Years Through Five Years |
931bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
4,519bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
Expire After Five Years |
18,441bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
1,807bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
Notional Amount of Credit Extension Commitments |
33,682bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
34,691bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember |
Standby letters of credit and financial guarantees | Investment grade | ||
Other Commitments [Line Items] | ||
Notional Amount of Credit Extension Commitments |
25,300bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember / us-gaap_InternalCreditAssessmentAxis = bac_InternalInvestmentGradeMember |
26,100bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember / us-gaap_InternalCreditAssessmentAxis = bac_InternalInvestmentGradeMember |
Standby letters of credit and financial guarantees | Non-investment grade | ||
Other Commitments [Line Items] | ||
Notional Amount of Credit Extension Commitments |
8,000bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember / us-gaap_InternalCreditAssessmentAxis = bac_InternalNoninvestmentGradeMember |
8,200bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember / us-gaap_InternalCreditAssessmentAxis = bac_InternalNoninvestmentGradeMember |
Letters of credit | ||
Other Commitments [Line Items] | ||
Expire in One Year or Less |
1,643bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
1,883bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
Expire After One Year Through Three Years |
293bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
157bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
Expire After Three Years Through Five Years |
30bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
35bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
Expire After Five Years |
48bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
88bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
Notional Amount of Credit Extension Commitments |
2,014bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
2,163bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_LetterOfCreditMember |
Legally binding commitments | ||
Other Commitments [Line Items] | ||
Expire in One Year or Less |
94,273bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
107,331bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
Expire After One Year Through Three Years |
128,336bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
126,525bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
Expire After Three Years Through Five Years |
154,292bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
163,616bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
Expire After Five Years |
61,597bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
36,254bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
Notional Amount of Credit Extension Commitments |
438,498bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
433,726bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_CommitmentsToExtendCreditMember |
Credit card lines | ||
Other Commitments [Line Items] | ||
Expire in One Year or Less |
369,533bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
363,989bac_CreditExtensionCommitmentsNotionalAmountExpirationinOneYearorLess / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
Expire After One Year Through Three Years |
0bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
0bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterOneYearThroughThreeYears / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
Expire After Three Years Through Five Years |
0bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
0bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterThreeYearsThroughFiveYears / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
Expire After Five Years |
0bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
0bac_CreditExtensionCommitmentsNotionalAmountExpirationAfterFiveYears / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
Notional Amount of Credit Extension Commitments |
369,533bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
363,989bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = bac_CreditCardLinesMember |
Consumer Portfolio Segment | Standby letters of credit and financial guarantees | ||
Other Commitments [Line Items] | ||
Notional Amount of Credit Extension Commitments |
$ 373bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ConsumerPortfolioSegmentMember |
$ 396bac_CreditExtensionCommitmentsNotionalAmount / us-gaap_FinancialInstrumentAxis = us-gaap_FinancialStandbyLetterOfCreditMember / bac_FinancingReceivablePortfolioSegmentAxis = us-gaap_ConsumerPortfolioSegmentMember |
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- Definition
Represents unfunded legally binding commitments. Such commitments consist of the entity committing to lend a specified amount to named borrowers at a certain interest rate, during a certain period and, usually, for a certain purpose. No definition available.
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- Definition
Represents unfunded legally binding commitments, expiring after five years of the balance sheet date. Such commitments consist of the entity committing to lend a specified amount to named borrowers at a certain interest rate, during a certain period and, usually, for a certain purpose. No definition available.
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- Definition
Represents unfunded legally binding commitments, expiring after one year through three years of the balance sheet date. Such commitments consist of the entity committing to lend a specified amount to named borrowers at a certain interest rate, during a certain period and, usually, for a certain purpose. No definition available.
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- Definition
Represents unfunded legally binding commitments, expiring after three years through five years of the balance sheet date. Such commitments consist of the entity committing to lend a specified amount to named borrowers at a certain interest rate, during a certain period and, usually, for a certain purpose. No definition available.
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- Definition
Represents unfunded legally binding commitments, expiring within one year of the balance sheet date. Such commitments consist of the entity committing to lend a specified amount to named borrowers at a certain interest rate, during a certain period and, usually, for a certain purpose. No definition available.
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