Bank of America’s (BAC) total liabilities increased $266.3 billion from December 31, 2020 to $2.8 trillion, in large part because of the well documented increase in deposits fueled by pandemic related government stimulus. In its latest 10-Q, Bank of America also attributed the increase in liabilities to a rise in short selling activity:

“...an increase in trading account liabilities resulting from higher levels of short positions in Global Markets…”