XML 97 R70.htm IDEA: XBRL DOCUMENT v3.22.4
Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)
 12 Months Ended
Dec. 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
Off–balance sheet lending-related financial instruments, guarantees and other commitments
Contractual amount
Carrying value(i)
2022202120222021
By remaining maturity at December 31,
(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)
$5,156 $3,500 $6,542 $6,089 $21,287 $32,996 75 100 
Auto and other10,642 1 — 1,588 12,231 12,338 — 2 
Total consumer, excluding credit card15,798 3,501 6,542 7,677 33,518 45,334 75 102 
Credit card(b)
821,284 — — — 821,284 730,534 — — 
Total consumer(c)
837,082 3,501 6,542 7,677 854,802 775,868 75 102 
Wholesale:
Other unfunded commitments to extend credit(d)
83,832 132,237 201,921 22,417 440,407 453,467 2,328 
(h)
2,037 
Standby letters of credit and other financial guarantees(d)
13,559 8,272 4,585 1,023 27,439 28,530 408 476 
Other letters of credit(d)
3,692 343 98 1 4,134 4,448 6 9 
Total wholesale(c)
101,083 140,852 206,604 23,441 471,980 486,445 2,742 2,522 
Total lending-related$938,165 $144,353 $213,146 $31,118 $1,326,782 $1,262,313 $2,817 $2,624 
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)
$283,386 $— $— $— $283,386 $337,770 $— $— 
Derivatives qualifying as guarantees5,082 466 12,632 41,000 59,180 55,730 649 475 
Unsettled resale and securities borrowed agreements 116,260 715 — — 116,975 103,681 

(2)1 
Unsettled repurchase and securities loaned agreements 65,873 534 — — 66,407 74,263 (7)— 
Loan sale and securitization-related indemnifications:
Mortgage repurchase liabilityNANANANANANA76 61 
Loans sold with recourseNANANANA820 827 28 19 
Exchange & clearing house guarantees and commitments(f)
191,068 — — — 191,068 182,701 — — 
Other guarantees and commitments (g)
4,856 723 209 2,846 8,634 10,490 

53 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 December 31, 2022 and 2021, reflected the contractual amount net of risk participations totaling $71 million and $44 million, respectively, 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 $512 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 December 31, 2022 and 2021, collateral held by the Firm in support of securities lending indemnification agreements was $298.5 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 December 31, 2022 and 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 December 31, 2022 and 2021, primarily includes unfunded commitments related to certain tax-oriented equity investments, unfunded commitments to purchase secondary market loans, and other equity investment commitments.
(h)At December 31, 2022, includes net markdowns on held-for-sale positions related to unfunded commitments in the bridge financing portfolio.
(i)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 December 31, 2022 and 2021.
Standby letters of credit, other financial guarantees and other letters of credit
20222021
December 31,
(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)
$19,205 $3,040 $19,998 $3,087 
Noninvestment-grade(a)
8,234 1,094 8,532 1,361 
Total contractual amount$27,439 $4,134 $28,530 $4,448 
Allowance for lending-related commitments$82 $6 $123 $9 
Guarantee liability326 — 353 — 
Total carrying value$408 $6 $476 $9 
Commitments with collateral$15,296 $795 $14,511 $999 
(a)The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 12 for further information on internal risk ratings.
Schedule of derivatives qualifying as guarantees
The following table summarizes the derivatives qualifying as guarantees as of December 31, 2022 and 2021.
(in millions)December 31, 2022December 31, 2021
Notional amounts
Derivative guarantees$59,180 $55,730 
Stable value contracts with contractually limited exposure
31,820 29,778 
Maximum exposure of stable value contracts with contractually limited exposure
2,063 2,882 
Fair value
Derivative payables649 475