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Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 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)
June 30, 2022Dec 31,
2021		Jun 30,
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)
$11,475 $2,737 $6,475 $7,476 $28,163 $32,996 $125 $100 
Auto and other11,143 — — 1,178 12,321 12,338 — 2 
Total consumer, excluding credit card22,618 2,737 6,475 8,654 40,484 45,334 125 102 
Credit card(b)
774,021 — — — 774,021 730,534 — — 
Total consumer(c)
796,639 2,737 6,475 8,654 814,505 775,868 125 102 
Wholesale:
Other unfunded commitments to extend credit(d)
112,164 141,382 178,584 23,313 455,443 453,467 2,307 2,037 
Standby letters of credit and other financial guarantees(d)
14,512 7,863 4,616 1,060 28,051 28,530 417 476 
Other letters of credit(d)
3,504 424 78 — 4,006 4,448 19 9 
Total wholesale(c)
130,180 149,669 183,278 24,373 487,500 486,445 2,743 2,522 
Total lending-related$926,819 $152,406 $189,753 $33,027 $1,302,005 $1,262,313 $2,868 $2,624 
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)
$337,049 $— $— $— $337,049 $337,770 $— $— 
Derivatives qualifying as guarantees3,372 146 12,791 37,874 54,183 55,730 842 475 
Unsettled resale and securities borrowed agreements193,602 1,728 — — 195,330 103,681 

(11)1 
Unsettled repurchase and securities loaned agreements98,905 523 — — 99,428 74,263 (4)— 
Loan sale and securitization-related indemnifications:
Mortgage repurchase liabilityNANANANANANA54 61 
Loans sold with recourseNANANANA788 827 12 19 
Exchange & clearing house guarantees and commitments(f)
127,727 — — — 127,727 182,701 — — 
Other guarantees and commitments(g)
7,916 915 288 2,204 11,323 10,490 

63 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 June 30, 2022, and December 31, 2021, reflected the contractual amount net of risk participations totaling $44 million at both periods, for other unfunded commitments to extend credit; $8.2 billion and $7.9 billion, respectively, for standby letters of credit and other financial guarantees; and $899 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 June 30, 2022, and December 31, 2021, collateral held by the Firm in support of securities lending indemnification agreements was $355.2 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 June 30, 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 June 30, 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. At June 30, 2022, includes net markdowns on held-for-sale positions related to unfunded commitments in the bridge financing portfolio.
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 June 30, 2022, and December 31, 2021.
Standby letters of credit, other financial guarantees and other letters of credit
June 30, 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)
$19,696 $2,763 $19,998 $3,087 
Noninvestment-grade(a)
8,355 1,243 8,532 1,361 
Total contractual amount$28,051 $4,006 $28,530 $4,448 
Allowance for lending-related commitments$97 $19 $123 $9 
Guarantee liability320 — 353 — 
Total carrying value$417 $19 $476 $9 
Commitments with collateral$15,314 $690 $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 June 30, 2022, and December 31, 2021.
(in millions)June 30, 2022December 31, 2021
Notional amounts
Derivative guarantees$54,183 $55,730 
Stable value contracts with contractually limited exposure
28,480 29,778 
Maximum exposure of stable value contracts with contractually limited exposure
2,635 2,882 
Fair value
Derivative payables
842 475