BofA grows securities book, but shuns US Treasuries

The bank adds $78.7bn in Q2, mostly in the held-to-maturity book

Bank of America grew its debt securities book 9.2% to $935.7 billion in the second quarter, piling into mortgage-backed securities (MBSs) but refraining from yet more purchases of US Treasuries.

The bank’s held-to-maturity (HTM) book – virtually all MBSs guaranteed by US agencies – grew 13.1% to $651.4 billion over the three months to June 30, marking the seventh consecutive quarterly rise.

  //

 

In contrast, debt securities held at fair value, which had ballooned in the first quarter as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: