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Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2023, and December 31, 2022. 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(i)
March 31, 2023Dec 31,
2022		Mar 31,
2023		Dec 31,
2022
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)
$7,237 $3,863 $6,498 $5,745 $23,343 $21,287 $70 $75 
Auto and other12,310 1 — 1,914 14,225 12,231 — — 
Total consumer, excluding credit card19,547 3,864 6,498 7,659 37,568 33,518 70 75 
Credit card(b)
861,218 — — — 861,218 821,284 — — 
Total consumer(c)
880,765 3,864 6,498 7,659 898,786 854,802 70 75 
Wholesale:
Other unfunded commitments to extend credit(d)
97,803 131,725 202,649 21,647 453,824 440,407 2,282 
(h)
2,328 
(h)
Standby letters of credit and other financial guarantees(d)
13,172 8,279 4,259 1,045 26,755 27,439 427 408 
Other letters of credit(d)
3,563 294 103 — 3,960 4,134 9 6 
Total wholesale(c)
114,538 140,298 207,011 22,692 484,539 471,980 2,718 2,742 
Total lending-related$995,303 $144,162 $213,509 $30,351 $1,383,325 $1,326,782 $2,788 $2,817 
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)
$325,217 $— $— $— $325,217 $283,386 $— $— 
Derivatives qualifying as guarantees3,189 246 12,302 40,907 56,644 59,180 286 649 
Unsettled resale and securities borrowed agreements 137,021 701 — — 137,722 116,975 

(1)(2)
Unsettled repurchase and securities loaned agreements98,941 544 — — 99,485 66,407 (2)(7)
Loan sale and securitization-related indemnifications:
Mortgage repurchase liabilityNANANANANANA76 76 
Loans sold with recourseNANANANA816 820 29 28 
Exchange & clearing house guarantees and commitments(f)
174,476 — — — 174,476 191,068 — — 
Other guarantees and commitments(g)
7,118 735 159 2,896 10,908 8,634 51 53 
(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, 2023, and December 31, 2022, reflected the contractual amount net of risk participations totaling $64 million and $71 million, respectively, for other unfunded commitments to extend credit; $8.2 billion at both March 31, 2023, and December 31, 2022, for standby letters of credit and other financial guarantees; $350 million and $512 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, 2023, and December 31, 2022, collateral held by the Firm in support of securities lending indemnification agreements was $340.9 billion and $298.5 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, 2023, and December 31, 2022, 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, 2023, and December 31, 2022, 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 March 31, 2023 and 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 March 31, 2023, and December 31, 2022.
Standby letters of credit, other financial guarantees and other letters of credit
March 31, 2023December 31, 2022
(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)
$18,669 $2,963 $19,205 $3,040 
Noninvestment-grade(a)
8,086 997 8,234 1,094 
Total contractual amount$26,755 $3,960 $27,439 $4,134 
Allowance for lending-related commitments$90 $9 $82 $6 
Guarantee liability337 — 326 — 
Total carrying value$427 $9 $408 $6 
Commitments with collateral$14,843 $719 $15,296 $795 
(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, 2023, and December 31, 2022.
(in millions)March 31, 2023December 31, 2022
Notional amounts
Derivative guarantees$56,644 $59,180 
Stable value contracts with contractually limited exposure
31,758 31,820 
Maximum exposure of stable value contracts with contractually limited exposure
1,448 2,063 
Fair value
Derivative payables
286 649