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.
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Company Location Subsidy Sourcesort icon Year Subsidy Value Loan/Bailout Value Type of Subsidy
FSC INC United States federal 2004 $79,100 federal grant
Bank of America N.A. United States federal 2007 $500,000 federal grant
Bank of America N.A. United States federal 2006 $500,000 federal grant
Bank of America, N.A. United States federal 2009 $700,000 federal grant
Bank of America, N.A. United States federal 2012 $500,000 federal grant
Bank of America, N.A. United States federal 2014 $323,000 federal grant
Banc of America Leasing & Capital, LLC United States federal 2012 $6,262,588 federal grant
Banc of America Leasing & Capital, LLC United States federal 2012 $508,636 federal grant
Bank of America United States federal 2012 $1,326,380 federal grant
BA Leasing BSC, LLC United States federal 2014 $27,188,013 federal grant
Bank of America N.A. United States federal 2009 $417,097,130 federal grant
Bank of America United States federal 2008 $25,000,000,000 federal loan or loan guarantee
Bank of America United States federal 2009 $20,000,000,000 federal loan or loan guarantee
Bank of America, N.A. United States federal 2001 $190,000,000 federal insurance
Bank of America, N.A. United States federal 2000 $200,000,000 federal insurance
BankBoston NA United States federal 2003 $44,100,000 federal insurance
BankBoston, N.A. United States federal 2001 $50,000,000 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
COUNTRYWIDE BANK FSB United States federal 2007 $750,000,000 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
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
COUNTRYWIDE BANK FSB United States federal 2009 $10,000,000,000 federal loan or loan guarantee
FIA CARD SVC NA United States federal 2009 $5,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
FIA CARD SVC NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
FIA CARD SVC NA United States federal 2009 $3,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
COUNTRYWIDE BANK FSB United States federal 2009 $10,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
FIA CARD SVC NA United States federal 2009 $10,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $15,000,000,000 federal loan or loan guarantee
BANK OF AMERICA NA United States federal 2009 $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
Countrywide Securities Corporation United States federal 2008 $500,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $1,219,000,000 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 $500,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $300,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $304,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $857,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $210,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $1,000,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $800,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $1,257,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $383,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $666,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $1,931,000,000 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 $142,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $1,066,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $1,000,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $1,000,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $2,000,000,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,132,000,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $7,923,800,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $11,319,700,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $4,935,700,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,233,900,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $3,713,500,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $928,400,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $2,970,800,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $1,345,700,000 federal loan or loan guarantee
Banc of America Securities LLC United States federal 2008 $1,345,700,000 federal loan or loan guarantee
Countrywide Securities Corporation United States federal 2008 $1,025,900,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $5,585,300,000 federal loan or loan guarantee
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