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  • Bank of America’s Unrealized Losses On HTM Debt Securities Total $106 Billion; 34 Percent of All Such Unrealized Losses Reported by 4,645 Banks

Bank of America’s Unrealized Losses On HTM Debt Securities Total $106 Billion; 34 Percent of All Such Unrealized Losses Reported by 4,645 Banks

September 27, 2023

by Pam Martens and Russ Martens Wall Street on Parade

According to Bank of America’s federal regulatory filing known as the Call Report, for the quarter ending June 30, 2023, it had $105.79 billion in unrealized losses on its held-to-maturity (HTM) securities. That figure is not only far beyond the realm of what its peer banks reported, but it represents a stunning 34 percent of all unrealized losses on held-to-maturity securities reported by 4,645 FDIC-insured commercial banks and savings institutions as of June 30, according to the FDIC’s Quarterly Banking Profile.

For the quarter ending June 30, the FDIC reported that all 4,645 FDIC-insured financial institutions had $309.6 billion in unrealized losses on held-to-maturity securities.

Held-to-maturity securities at the largest banks are made up predominately of federal agency mortgage-backed securities and U.S. Treasury bills, notes and bonds.