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Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)
 12 Months Ended
Dec. 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 December 31, 2023 and 2022. The amounts in the table below for credit card and home equity 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 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)(i)
2023202220232022
By remaining maturity as of 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)
$6,917 $7,175 $6,493 $9,540 $30,125 $21,287 678 
(j)
75 
Auto and other12,247 159 — 2,872 15,278 12,231 148 
(j)
— 
Total consumer, excluding credit card19,164 7,334 6,493 12,412 45,403 33,518 826 75 
Credit card(b)
915,658 — — — 915,658 821,284 — — 
Total consumer(c)
934,822 7,334 6,493 12,412 961,061 854,802 826 75 
Wholesale:
Other unfunded commitments to extend credit(d)
125,478 175,190 179,046 23,812 503,526 440,407 2,797 
(j)(k)
2,328 
(k)
Standby letters of credit and other financial guarantees(d)
13,775 10,478 3,628 991 28,872 27,439 479 408 
Other letters of credit(d)
4,084 222 82 — 4,388 4,134 37 6 
Total wholesale(c)
143,337 185,890 182,756 24,803 536,786 471,980 3,313 2,742 
Total lending-related$1,078,159 $193,224 $189,249 $37,215 $1,497,847 $1,326,782 $4,139 $2,817 
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)
$283,664 $— $— $— $283,664 $283,386 $— $— 
Derivatives qualifying as guarantees1,693 364 11,657 40,848 54,562 59,180 89 649 
Unsettled resale and securities borrowed agreements
94,920 186 — — 95,106 116,975 

— (2)
Unsettled repurchase and securities loaned agreements
60,170 554 — — 60,724 66,407 — (7)
Loan sale and securitization-related indemnifications:
Mortgage repurchase liabilityNANANANANANA76 76 
Loans sold with recourseNANANANA803 820 24 28 
Exchange & clearing house guarantees and commitments(f)
265,887 — — — 265,887 191,068 — — 
Other guarantees and commitments (g)
9,216 1,516 314 4,028 15,074 8,634 

38 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)As of December 31, 2023 and 2022, reflected the contractual amount net of risk participations totaling $88 million and $71 million, respectively, for other unfunded commitments to extend credit; $8.2 billion at both periods for standby letters of credit and other financial guarantees; and $589 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)As of December 31, 2023 and 2022, collateral held by the Firm in support of securities lending indemnification agreements was $300.3 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)As of December 31, 2023 and 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)As of December 31, 2023 and 2022, primarily includes unfunded commitments related to certain tax-oriented equity investments, other equity investment commitments. and unfunded commitments to purchase secondary market loans.
(h)For lending-related products, the carrying value includes 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.
(i)For lending-related commitments, the carrying value also includes fees and any purchase discounts or premiums that are deferred and recognized in accounts payable and other liabilities on the Consolidated balance sheets. Deferred amounts for revolving commitments and commitments not expected to fund, are amortized to lending- and deposit-related fees on a straight line basis over the commitment period. For all other commitments the deferred amounts remain deferred until the commitment funds or is sold.
(j)As of December 31, 2023, includes fair value adjustments associated with First Republic for residential real estate lending-related commitments totaling $630 million, for auto and other lending-related commitments totaling $148 million and for other unfunded commitments to extend credit totaling $1.1 billion. Refer to Note 34 for additional information.
(k)As of December 31, 2022, included 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 December 31, 2023 and 2022.
Standby letters of credit, other financial guarantees and other letters of credit
20232022
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)
$19,694 $3,552 $19,205 $3,040 
Noninvestment-grade(a)
9,178 836 8,234 1,094 
Total contractual amount$28,872 $4,388 $27,439 $4,134 
Allowance for lending-related commitments$110 $37 $82 $6 
Guarantee liability369 — 326 — 
Total carrying value$479 $37 $408 $6 
Commitments with collateral$16,861 $539 $15,296 $795 
(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, 2023 and 2022.
(in millions)December 31, 2023December 31, 2022
Notional amounts
Derivative guarantees$54,562 $59,180 
Stable value contracts with contractually limited exposure
32,488 31,820 
Maximum exposure of stable value contracts with contractually limited exposure
1,652 2,063 
Fair value
Derivative payables89 649