

Off–balance sheet lending-related financial instruments, guarantees and other commitments
	Contractual amount												Carrying value^(j)
	2015										2014		2015			2014
By remaining maturity at December 31, (in millions)	Expires in 1 year or less		Expires after 1 year through 3 years		Expires after 3 years through 5 years		Expires after 5 years		Total		Total
Lending-related
Consumer, excluding credit card:
Home equity – senior lien	$	1,546	$	3,817	$	726	$	4,743	$	10,832	$	11,807	$	—		$	—
Home equity – junior lien	2,375		4,354		657		4,538		11,924		14,859		—			—
Prime mortgage^(a)	12,992		—		—		—		12,992		8,579		—			—
Subprime mortgage	—		—		—		—		—		—		—			—
Auto	8,907		1,160		80		90		10,237		10,462		2			2
Business banking	11,085		699		92		475		12,351		11,894		12			11
Student and other	4		3		—		135		142		552		—			—
Total consumer, excluding credit card	36,909		10,033		1,555		9,981		58,478		58,153		14			13
Credit card	515,518		—		—		—		515,518		525,963		—			—
Total consumer^(b)	552,427		10,033		1,555		9,981		573,996		584,116		14			13
Wholesale:
Other unfunded commitments to extend credit^(c)(d)(e)	85,861		89,925		140,640		6,899		323,325		318,278		649			491
Standby letters of credit and other financial guarantees^(c)(d)(e)	16,083		14,287		5,819		2,944		39,133		44,272		548			671
Other letters of credit^(c)	3,570		304		67		—		3,941		4,331		2			1
Total wholesale^(f)(g)	105,514		104,516		146,526		9,843		366,399		366,881		1,199			1,163
Total lending-related	$	657,941	$	114,549	$	148,081	$	19,824	$	940,395	$	950,997	$	1,213		$	1,176
Other guarantees and commitments
Securities lending indemnification agreements and guarantees^(h)	$	183,329	$	—	$	—	$	—	$	183,329	$	171,059	$	—		$	—
Derivatives qualifying as guarantees	3,194		285		11,160		39,145		53,784		53,589		222			80
Unsettled reverse repurchase and securities borrowing agreements	42,482		—		—		—		42,482		40,993		—			—
Unsettled repurchase and securities lending agreements	21,798		—		—		—		21,798		42,578		—			—
Loan sale and securitization-related indemnifications:
Mortgage repurchase liability	NA		NA		NA		NA		NA		NA		148			275
Loans sold with recourse	NA		NA		NA		NA		4,274		6,063		82			102
Other guarantees and commitments⁽ⁱ⁾	369		2,603		1,075		1,533		5,580		5,720		(94		)	(121		)


(a)	Includes certain commitments to purchase loans from correspondents.


(b)	Predominantly all consumer lending-related commitments are in the U.S.

(c)

At December 31, 2015 and 2014, reflects the contractual amount net of risk participations totaling $385 million and $243 million, respectively, for other unfunded commitments to extend credit; $11.2 billion and $13.0 billion, respectively, for standby letters of credit and other financial guarantees; and $341 million and $469 million, respectively, for other letters of credit. In regulatory filings with the Federal Reserve these commitments are shown gross of risk participations.

(d)

At December 31, 2015 and 2014, included credit enhancements and bond and commercial paper liquidity commitments to U.S. states and municipalities, hospitals and other nonprofit entities of $12.3 billion and $14.8 billion, respectively, within other unfunded commitments to extend credit; and $9.6 billion and $13.3 billion, respectively, within standby letters of credit and other financial guarantees. Other unfunded commitments to extend credit also include liquidity facilities to nonconsolidated municipal bond VIEs; see Note 16.

(e)

Effective in 2015, commitments to issue standby letters of credit, including those that could be issued under multipurpose facilities, are presented as other unfunded commitments to extend credit. Previously, such commitments were presented as standby letters of credit and other financial guarantees. At December 31, 2014, these commitments were $45.6 billion. Prior period amounts have been revised to conform with current period presentation.


(f)	At December 31, 2015 and 2014, the U.S. portion of the contractual amount of total wholesale lending-related commitments was 77% and 73%, respectively.

(g)

Effective January 1, 2015, the Firm no longer includes within its disclosure of wholesale lending-related commitments the unused amount of advised uncommitted lines of credit as it is within the Firm’s discretion whether or not to make a loan under these lines, and the Firm’s approval is generally required prior to funding. Prior period amounts have been revised to conform with the current period presentation.


(h)	At December 31, 2015 and 2014, collateral held by the Firm in support of securities lending indemnification agreements was $190.6 billion and $177.1 billion, respectively. Securities lending collateral consist of primarily cash and securities issued by governments that are members of the Organisation for Economic Co-operation and Development (“OECD”) and U.S. government agencies.

(i)

At December 31, 2015 and 2014, included unfunded commitments of $50 million and $147 million, respectively, to third-party private equity funds; and $871 million and $961 million, respectively, to other equity investments. These commitments included $73 million and $150 million, respectively, related to investments that are generally fair valued at net asset value as discussed in Note 3. In addition, at December 31, 2015 and 2014, included letters of credit hedged by derivative transactions and managed on a market risk basis of $4.6 billion and $4.5 billion, respectively.


(j)	For lending-related products, the carrying value represents the allowance for lending-related commitments and the guarantee liability; for derivative-related products, the carrying value represents the fair value