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

Quarterly report pursuant to Section 13 or 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-20210930.htm

Securitizations and Other Variable Interest Entities - Other Asset-backed Securitizations, Additional Information (Details)

v3.21.2

Securitizations and Other Variable Interest Entities - Other Asset-backed Securitizations, Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 968		$ 968		$ 929
Credit card
Variable Interest Entity [Line Items]
Principal balance outstanding	$ 6,500		$ 6,500		$ 6,800
Transferred financial assets, stated interest rate	0.00%		0.00%		0.00%
Credit card \| Senior securities:
Variable Interest Entity [Line Items]
Transferred financial assets, amount			$ 1,000
Credit card \| Junior Lien
Variable Interest Entity [Line Items]
Transferred financial assets, amount			161
Resecuritization Trusts
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	$ 5,900	$ 8,300	20,600	$ 26,400
Resecuritization Trusts \| Securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	1,000	$ 598	1,600	5,500
Resecuritization Trusts \| Trading account assets
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations				1,800
Resecuritization Trusts \| Debt securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations				2,100
Resecuritization Trusts \| Held-to-maturity Securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations				$ 1,700
Municipal Bond Trusts \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 3,900		$ 3,900		$ 3,500
Weighted average remaining life of bonds held in the trusts in years			6 years 4 months 24 days

- Definition

Continuing Involvement With Transferred Financial Assets, Amount Transferred

+ References

No definition available.

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- Definition

The stated interest rate of securities issued by securitization trusts to the entity.

+ References

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- Definition

This represents the Corporation's liquidity commitments to unconsolidated securitization trusts, by asset backed financing arrangements.

+ References

No definition available.

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- Definition

This represents the weighted-average remaining life of bonds held in municipal bond trusts.

+ References

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- Definition

Cash Flows between a transferor and a transferee attributable to newly transferred assets related to either a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (d)(1)
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- Definition

Principal amount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction. Continuing involvement includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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