COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2024

Commitments, Guarantees, and Contingent Liabilities [Abstract]

Schedule of Off Balance Sheet Financial Instruments

The following schedule presents the contractual amounts related to off-balance sheet financial instruments used to meet the financing needs of our customers:

(In millions)	September 30, 2024		December 31, 2023
Unfunded lending commitments 1	$	28,306	$	28,940
Standby letters of credit:
Financial	552		548
Performance	245		206
Commercial letters of credit	18		22
Mortgage-backed security purchase agreements 2	—		66
Total unfunded commitments	$	29,121	$	29,782

1 Net of participations.

2 Represents agreements with Farmer Mac to purchase securities backed by certain agricultural mortgage loans.