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

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

v3.22.2

Securitizations and Other Variable Interest Entities - Other Asset-backed Securitizations, Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 927		$ 927		$ 968
Credit card
Variable Interest Entity [Line Items]
Principal balance outstanding	$ 6,700		$ 6,700		$ 6,500
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	$ 1,000
Credit card \| Junior Lien
Variable Interest Entity [Line Items]
Transferred financial assets, amount			161	161
Resecuritization Trusts
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	$ 4,600	$ 5,900	14,200	14,700
Resecuritization Trusts \| Securities
Variable Interest Entity [Line Items]
Cash proceeds from new securitizations	1,000	$ 233	1,700	$ 519
Municipal Bond Trusts \| Unconsolidated VIEs
Variable Interest Entity [Line Items]
Liquidity commitments to unconsolidated securitization trusts	$ 3,400		$ 3,400		$ 4,100
Weighted average remaining life of bonds held in the trusts in years			7 years 2 months 12 days

- Definition

Continuing Involvement With Transferred Financial Assets, Amount Transferred

+ References

No definition available.

+ Details

Name:	bac_ContinuingInvolvementWithTransferredFinancialAssetsAmountTransferred
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

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

+ References

No definition available.

+ Details

Name:	bac_ContinuingInvolvementWithTransferredFinancialAssetsStatedInterestRate
Namespace Prefix:	bac_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	instant

- Definition

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

+ References

No definition available.

+ Details

Name:	bac_QualitativeandQuantitativeInformationTransferorsContinuingInvolvementLiquidityCommitment
Namespace Prefix:	bac_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

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

+ References

No definition available.

+ Details

Name:	bac_QualitativeandQuantitativeInformationTransferorsContinuingInvolvementRemainingLifeofBondsHeldinTrust
Namespace Prefix:	bac_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

- 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)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

+ Details

Name:	us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- 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

+ Details

Name:	us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- 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.

+ References

No definition available.

+ Details

Name:	us-gaap_VariableInterestEntityLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Details

Name:	srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_CreditCardReceivablesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_LienCategoryAxis=us-gaap_SeniorLienMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_LienCategoryAxis=us-gaap_JuniorLienMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancialInstrumentAxis=bac_ResecuritizationTrustsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_InformationByCategoryOfDebtSecurityAxis=bac_SecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_MunicipalBondsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: