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 Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
Merrill Lynch & Co., Inc. New York local 2011 $12,307 multiple
SB Holdings, LLC New York local 2013 $11,563 tax credit/rebate; property tax abatement
BAL GLOBAL FINANCE LLC Maine state 2010 $10,902 property tax abatement
SB Holdings, LLC New York local 2014 $10,354 tax credit/rebate
Bank of America, NA Oregon state 2010 $9,808 tax credit/rebate
SB Holdings, LLC New York local 2015 $9,108 tax credit/rebate
MERRILL LYNCH-PIERCE-FENNER & SMITH Maine state 2014 $8,540 property tax abatement
SB Holdings, LLC New York local 2012 $8,448 tax credit/rebate; property tax abatement
SB Holdings, LLC New York local 2016 $7,889 tax credit/rebate
Bank of America Oregon state 2010 $6,468 tax credit/rebate
MERRILL LYNCH-PIERCE-FENNER & SMITH Maine state 2013 $6,231 property tax abatement
SB Holdings, LLC New York local 2017 $6,022 tax credit/rebate
Bank of America Oregon state 2010 $5,868 tax credit/rebate
Bank of America Oregon state 2010 $5,850 tax credit/rebate
Bank of America Oregon state 2010 $5,748 tax credit/rebate
Bank of America Oregon state 2010 $5,596 tax credit/rebate
Bank of America Oregon state 2010 $5,549 tax credit/rebate
Bank of America Oregon state 2010 $5,474 tax credit/rebate
Bank of America Oregon state 2010 $5,415 tax credit/rebate
Bank of America Oregon state 2010 $5,299 tax credit/rebate
Fleet Growth Resources II, Inc. Rhode Island state 2008 $5,249 tax credit/rebate
Bank of America Oregon state 2010 $5,235 tax credit/rebate
Bank of America Oregon state 2010 $5,193 tax credit/rebate
Bank of America Oregon state 2010 $4,964 tax credit/rebate
Bank of America Oregon state 2010 $4,943 tax credit/rebate
Bank of America Oregon state 2010 $4,907 tax credit/rebate
Bank of America Oregon state 2010 $4,879 tax credit/rebate
Bank of America Oregon state 2010 $4,876 tax credit/rebate
Bank of America Oregon state 2010 $4,667 tax credit/rebate
Bank of America Oregon state 2010 $4,570 tax credit/rebate
Bank of America Oregon state 2010 $4,440 tax credit/rebate
Bank of America Oregon state 2010 $4,298 tax credit/rebate
Bank of America Oregon state 2010 $4,242 tax credit/rebate
Bank of America Oregon state 2010 $4,242 tax credit/rebate
MERRILL LYNCH-PIERCE-FENNER & SMITH Maine state 2012 $3,805 property tax abatement
Bank of America Oregon state 2010 $3,538 tax credit/rebate
Bank of America Oregon state 2010 $3,289 tax credit/rebate
Bank of America Oregon state 2010 $2,970 tax credit/rebate
Bank of America Oregon state 2010 $2,849 tax credit/rebate
Bank of America Oregon state 2010 $2,649 tax credit/rebate
OneFed Leasing Corporation Rhode Island state 2009 $2,340 tax credit/rebate
MERRILL LYNCH-PIERCE-FENNER & SMITH Maine state 2016 $2,262 property tax abatement
Resort Funding, LLC New York state 2008 $1,397 enterprise zone
COUNTRYWIDE HOME LOANS Maine state 2009 $1,121 property tax abatement
Bank of America, National Association United States federal 2009 $111,056,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $33,156,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $29,694,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $27,837,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $27,058,400,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $26,258,600,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $26,169,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $25,929,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $25,579,100,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $25,352,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $25,246,400,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $25,170,500,000 federal loan or loan guarantee
Bank of America United States federal 2008 $25,000,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $24,838,300,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $23,164,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $22,953,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $22,812,100,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $22,692,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $21,840,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $21,627,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $20,343,900,000 federal loan or loan guarantee
Bank of America United States federal 2009 $20,000,000,000 federal loan or loan guarantee
Merrill Lynch & Co., Inc United States federal 2009 $19,786,359,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $19,452,900,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $18,646,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $18,494,400,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $18,462,600,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $18,392,700,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $18,142,300,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $18,132,800,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $18,121,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $18,081,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $17,931,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $17,659,100,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $17,598,600,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $17,373,600,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $17,210,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,976,100,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,946,200,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,895,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,673,900,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,593,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,590,700,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,514,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,492,200,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,339,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,250,300,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,228,300,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,197,400,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $16,072,700,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $15,956,400,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $15,929,500,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $15,865,100,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $15,808,900,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $15,800,100,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $15,752,000,000 federal loan or loan guarantee
Merrill Lynch Government Securities Inc. United States federal 2008 $15,744,700,000 federal loan or loan guarantee
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