BofA doubled held-to-maturity book in 2020

The amount of buy-to-hold debt stored at Bank of America doubled in 2020, partly as a result of the firm moving mortgage-backed securities out of its available-for-sale (AFS) book over the course of the year.

The bank’s held-to-maturity (HTM) portfolio reached $438.2 billion in size as of end-December, up almost 30% on three months prior and 103% on a year ago. In contrast, the AFS book amounted to $228.2 billion, up less than half a percentage point quarter on quarter and down just over 1%

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