Subsidy Tracker Parent Company Summary

Parent Company Name: 
Bank of America
Ownership Structure: 
publicly traded (ticker symbol BAC)
Headquartered in: 
North Carolina
Major Industry: 
financial services
Specific Industry: 
banking
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$234,546,133133
Federal (grants and allocated tax credits)$454,984,84711
TOTAL$689,530,980144
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$3,627,643,344,709712
TOTAL$3,627,643,344,709712
Time Period for State and Local Awards: 

Earliest year of data: 1997. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2010.

Time Period for Federal Awards: 

FY2000 to the present

Notes: 

Dollar totals do not include awards for which no subsidy value is disclosed.

Associated Names: 

BA LEASING BSC; BAL GLOBAL FINANCE; BANC OF AMERICA; BANK OF AMERICA; BANKBOSTON NA; COUNTRYWIDE; FIA CARD SVC; FLEET GROWTH RESOURCES II; FLEET VENTURE RESOURCES; FRAMEWORK; FSC; LASALLE STREET CAPITAL; MBNA MARKETING SYS; MERRILL LYNCH; OneFed Leasing Corporation; RESORT FUNDING; SB HOLDING

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

For an overview of political contributions associated with this company, see its Follow the Money page.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
New York$78,051,26340
New Jersey$37,496,8002
North Carolina$31,297,9695
Illinois$27,037,6991
Texas$20,000,0001
All other$40,662,40284

Individual Subsidy Records:

Click on the company name for more information on each subsidy award.
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)
Company Location Subsidy Source Yearsort icon Subsidy Value Loan/Bailout Value Type of Subsidy
MERRILL LYNCH & CO., INC New Jersey state undisclosed tax credit/rebate; property tax abatement
MERRILL LYNCH,PIERCE,FENNER & SMITH New Jersey state undisclosed tax credit/rebate; property tax abatement
MERRILL LYNCH,PIERCE,FENNER & SMITH New Jersey state undisclosed tax credit/rebate; property tax abatement
Merrill Lynch & Co., Inc. New York local 1997 $12,306,686 tax credit/rebate; property tax abatement
Merrill Lynch, Pierce, Fenner & Smith Incorporated New Jersey state 1997 $6,400,000 grant
Countrywide Home Loans Inc. Texas local 2000 undisclosed tax credit/rebate
Merrill Lynch & Co., Inc. New Jersey state 2000 $31,096,800 grant
Bank of America, N.A. United States federal 2000 $200,000,000 federal insurance
BankBoston, N.A. United States federal 2000 $47,000,000 federal insurance
BankBoston, N.A. United States federal 2000 $23,300,000 federal insurance
Bank of America, N.A. United States federal 2001 $190,000,000 federal insurance
BankBoston, N.A. United States federal 2001 $50,000,000 federal insurance
Merrill Lynch & Co. Inc. New York local 2003 $2,433,636 tax credit/rebate; property tax abatement
Framework, Inc. New York local 2003 $20,874 tax credit/rebate; property tax abatement
LaSalle Street Capital, Inc. Illinois local 2003 $27,037,699 tax increment financing
BankBoston NA United States federal 2003 $44,100,000 federal insurance
Merrill Lynch & Co., Inc. New York local 2004 $1,196,797 tax credit/rebate; property tax abatement
Bank of America (formerly Countrywide Financial) Texas state 2004 $20,000,000 grant
Bank of America Delaware state 2004 $100,000 training reimbursement
Bank of America Corporation New York local 2004 $19,674,823 tax credit/rebate; property tax abatement
Countrywide Financial Texas local 2004 undisclosed property tax abatement
Bank of America, N.A New York local 2004 $19,674,823 tax credit/rebate; property tax abatement
FSC INC United States federal 2004 $79,100 federal grant
Resort Funding, LLC New York state 2004 $137,050 enterprise zone
BANK OF AMERICA CORPORATION California state 2005 $2,912,832 training reimbursement
Bank of America Arizona state 2005 undisclosed enterprise zone
Bank of America Arizona state 2005 undisclosed enterprise zone
Countrywide Home Loans, Inc. Florida state 2005 $2,760,000 tax credit/rebate
Resort Funding, LLC New York state 2005 $337,672 enterprise zone
Bank of America Corporation California state 2006 undisclosed training reimbursement
Resort Funding LLC New York state 2006 $934,383 enterprise zone
Bank of America Corporation New York local 2006 $1,244,077 tax credit/rebate; property tax abatement
Countrywide Home Loans Inc #1 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #2 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #3 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #4 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #5 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #6 Texas state 2006 undisclosed property tax abatement
Bank of America Kansas state 2006 $72,111 training reimbursement
Countrywide Home Loans Texas local 2006 undisclosed tax credit/rebate
Bank of America Corporation Arizona state 2006 undisclosed enterprise zone
Bank of America Corporation Arizona state 2006 undisclosed enterprise zone
Bank of America Corporation Arizona state 2006 undisclosed enterprise zone
Merrill Lynch & Co., Inc. Florida state 2006 $4,000,000 tax credit/rebate
Bank of America Arizona state 2006 $336,789 training reimbursement
Bank of America N.A. United States federal 2006 $500,000 federal grant
Bank of America California state 2007 undisclosed training reimbursement
Resort Funding, LLC New York state 2007 $107,695 enterprise zone
Bank of America Corporation New York local 2007 $5,537,451 tax credit/rebate; property tax abatement
Bank of America/Fleet Operations New York local 2007 $119,022 tax credit/rebate; property tax abatement
Countrywide Home Loans Inc #1 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #2 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #3 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #4 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #5 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #6 Texas state 2007 undisclosed property tax abatement
Bank of America Corp. Arizona state 2007 undisclosed enterprise zone
Bank of America Arizona state 2007 $217,914 training reimbursement
Bank of America N.A. United States federal 2007 $500,000 federal grant
COUNTRYWIDE BANK FSB United States federal 2007 $750,000,000 federal loan or loan guarantee
BANK OF AMERICA CORPORATION California state 2008 $3,433,250 training reimbursement
Bank of America Corp California state 2008 undisclosed training reimbursement
Bank of America, NA Rhode Island state 2008 $1,742,621 tax credit/rebate
Onefed Leasing Corporation Rhode Island state 2008 $38,812 tax credit/rebate
Fleet Venture Resources, Inc. Rhode Island state 2008 $36,057 tax credit/rebate
Fleet Growth Resources IV, Inc. Rhode Island state 2008 $14,083 tax credit/rebate
Fleet Growth Resources II, Inc. Rhode Island state 2008 $5,249 tax credit/rebate
Bank of America Corporation Arizona state 2008 undisclosed enterprise zone
Bank of America Corporation Arizona state 2008 undisclosed enterprise zone
Bank of America Corporation Arizona state 2008 undisclosed enterprise zone
Bank of America Corporation New York local 2008 $6,860,090 tax credit/rebate; property tax abatement
Bank of America United States federal 2008 $25,000,000,000 federal loan or loan guarantee
MERRILL LYNCH BANK USA United States federal 2008 $5,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2008 $2,167,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2008 $15,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2008 $15,000,000,000 federal loan or loan guarantee
FIA CARD SVC NA United States federal 2008 $15,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2008 $15,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2008 $15,000,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $305,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $1,000,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,500,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,500,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $750,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $500,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $4,682,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,000,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $500,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $234,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $500,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $31,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $21,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $500,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,500,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,000,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,000,000,000 federal loan or loan guarantee
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