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Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)
 3 Months Ended
Mar. 31, 2022
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]  
Off-balance sheet lending related financial instruments, guarantees and other commitments The following table summarizes the contractual amounts and carrying values of off-balance sheet lending-related financial instruments, guarantees and other commitments at March 31, 2022, and December 31, 2021. The amounts in the table below for credit card, home equity and certain scored business banking lending-related commitments represent the total available credit for these products. The Firm has not experienced, and does not anticipate, that all available lines of credit for these products will be utilized at the same time. The Firm can reduce or cancel credit card and certain scored business banking lines of credit by providing the borrower notice or, in some cases as permitted by law, without notice. In addition, the Firm typically closes credit card lines when the borrower is 60 days or more past due. The Firm may reduce or close HELOCs when there are significant decreases in the value of the underlying property, or when there has been a demonstrable decline in the creditworthiness of the borrower.
Off–balance sheet lending-related financial instruments, guarantees and other commitments
Contractual amount
Carrying value(h)
March 31, 2022Dec 31,
2021		Mar 31,
2022		Dec 31,
2021
By remaining maturity
(in millions)		Expires in 1 year or lessExpires after
1 year through
3 years		Expires after
3 years through
5 years		Expires after 5 yearsTotalTotal
Lending-related
Consumer, excluding credit card:
Residential real estate(a)
$17,388 $2,404 $6,242 $8,465 $34,499 $32,996 $153 $100 
Auto and other11,550 — — 1,054 12,604 12,338 — 2 
Total consumer, excluding credit card28,938 2,404 6,242 9,519 47,103 45,334 153 102 
Credit card(b)
757,283 — — — 757,283 730,534 — — 
Total consumer(b)(c)
786,221 2,404 6,242 9,519 804,386 775,868 153 102 
Wholesale:
Other unfunded commitments to extend credit(d)
119,003 155,375 164,356 24,077 462,811 453,467 2,120 2,037 
Standby letters of credit and other financial guarantees(d)
14,536 8,245 4,018 1,110 27,909 28,530 476 476 
Other letters of credit(d)
5,943 491 78 — 6,512 4,448 11 9 
Total wholesale(c)
139,482 164,111 168,452 25,187 497,232 486,445 2,607 2,522 
Total lending-related$925,703 $166,515 $174,694 $34,706 $1,301,618 $1,262,313 $2,760 $2,624 
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)
$365,249 $— $— $— $365,249 $337,770 $— $— 
Derivatives qualifying as guarantees3,012 292 12,491 41,779 57,574 55,730 486 475 
Unsettled resale and securities borrowed agreements 216,026 2,121 50 — 218,197 103,681 

(45)1 
Unsettled repurchase and securities loaned agreements 134,400 889 — — 135,289 74,263 (2)— 
Loan sale and securitization-related indemnifications:
Mortgage repurchase liabilityNANANANANANA57 61 
Loans sold with recourseNANANANA846 827 18 19 
Exchange & clearing house guarantees and commitments(f)
141,956 — — — 141,956 182,701 — — 
Other guarantees and commitments(g)
11,080 949 282 1,902 14,213 10,490 

65 69 
(a)Includes certain commitments to purchase loans from correspondents.
(b)Also includes commercial card lending-related commitments primarily in CB and CIB.
(c)Predominantly all consumer and wholesale lending-related commitments are in the U.S.
(d)At March 31, 2022, and December 31, 2021, reflected the contractual amount net of risk participations totaling $51 million and $44 million, respectively, for other unfunded commitments to extend credit; $7.8 billion and $7.9 billion, respectively, for standby letters of credit and other financial guarantees; and $660 million and $451 million, respectively, for other letters of credit. In regulatory filings with the Federal Reserve these commitments are shown gross of risk participations.
(e)At March 31, 2022, and December 31, 2021, collateral held by the Firm in support of securities lending indemnification agreements was $387.6 billion and $357.4 billion, respectively. Securities lending collateral primarily consists of cash, G7 government securities, and securities issued by U.S. GSEs and government agencies.
(f)At March 31, 2022, and December 31, 2021, includes guarantees to the Fixed Income Clearing Corporation under the sponsored member repo program and commitments and guarantees associated with the Firm’s membership in certain clearing houses.
(g)At March 31, 2022, and December 31, 2021, primarily includes unfunded commitments to purchase secondary market loans, unfunded commitments related to certain tax-oriented equity investments, and other equity investment commitments.
(h)For lending-related products, the carrying value represents the allowance for lending-related commitments and the guarantee liability; for derivative-related products, and lending-related commitments for which the fair value option was elected, the carrying value represents the fair value.
Standby letters of credit, other financial guarantees and other letters of credit
The following table summarizes the contractual amount and carrying value of standby letters of credit and other financial guarantees and other letters of credit arrangements as of March 31, 2022, and December 31, 2021.
Standby letters of credit, other financial guarantees and other letters of credit
March 31, 2022December 31, 2021
(in millions)Standby letters of
credit and other financial guarantees		Other letters
of credit		Standby letters of
credit and other financial guarantees		Other letters
of credit
Investment-grade(a)
$19,186 $4,771 $19,998 $3,087 
Noninvestment-grade(a)
8,723 1,741 8,532 1,361 
Total contractual amount$27,909 $6,512 $28,530 $4,448 
Allowance for lending-related commitments$136 $11 $123 $9 
Guarantee liability340 — 353 — 
Total carrying value$476 $11 $476 $9 
Commitments with collateral$14,921 $782 $14,511 $999 
(a)The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 11 for further information on internal risk ratings.
Derivatives qualifying as guarantees
The following table summarizes the derivatives qualifying as guarantees as of March 31, 2022, and December 31, 2021.
(in millions)March 31, 2022December 31, 2021
Notional amounts
Derivative guarantees$57,574 $55,730 
Stable value contracts with contractually limited exposure
31,632 29,778 
Maximum exposure of stable value contracts with contractually limited exposure
2,888 2,882 
Fair value
Derivative payables
486 475