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Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)
 9 Months Ended
Sep. 30, 2025
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 September 30, 2025 and December 31, 2024. 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 commitments will be utilized at the same time. The Firm can reduce or cancel these commitments, in accordance with the contract, or to the extent otherwise permitted by law, including when there has been a demonstrable decline in the creditworthiness of the borrower or significant decrease in the value of underlying property.
Off–balance sheet lending-related financial instruments, guarantees and other commitments
Contractual amount
Carrying value(h)(i)
September 30, 2025Dec 31,
2024		Sep 30,
2025		Dec 31,
2024
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)
$17,227 $6,113 $3,694 $6,565 $33,599 $30,349 $365 $534 
Auto and other10,581 1 4 3,830 14,416 14,495 10 37 
Total consumer, excluding credit card27,808 6,114 3,698 10,395 48,015 44,844 375 571 
Credit card(b)
1,069,963 — — — 1,069,963 1,001,311 — — 
Total consumer(c)
1,097,771 6,114 3,698 10,395 1,117,978 1,046,155 375 571 
Wholesale:
Other unfunded commitments to extend credit(d)
121,187 206,396 206,311 29,230 563,124 498,437 3,243 2,608 
Standby letters of credit and other financial guarantees(d)
15,308 8,241 4,793 550 28,892 28,676 601 473 
Other letters of credit(d)
3,474 312 7 219 4,012 4,354 12 37 
Total wholesale(c)
139,969 214,949 211,111 29,999 596,028 531,467 3,856 3,118 
Total lending-related$1,237,740 $221,063 $214,809 $40,394 $1,714,006 $1,577,622 $4,231 $3,689 
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)
$386,993 $— $— $— $386,993 $310,046 $— $— 
Derivatives qualifying as guarantees3,524 693 9,531 37,154 50,902 49,628 11 113 
Unsettled resale and securities borrowed agreements
135,013 — 1,250 — 136,263 115,939 

— 2 
Unsettled repurchase and securities loaned agreements
117,212 588 — — 117,800 66,986 — (2)
Loan sale and securitization-related indemnifications:
Mortgage repurchase liabilityNANANANANANA36 45 
Loans sold with recourseNANANANA1,899 1,189 20 23 
Exchange & clearing house guarantees and commitments(f)
342,887 NANANA342,887 401,486 — — 
Other guarantees and commitments(g)
14,634 991 442 791 16,858 12,396 18 28 
(a)Includes certain commitments to purchase loans from correspondents.
(b)Also includes commercial card lending-related commitments primarily in CIB.
(c)Predominantly all consumer and wholesale lending-related commitments are in the U.S.
(d)As of September 30, 2025 and December 31, 2024, reflected the contractual amount net of risk participations totaling $176 million and $85 million, respectively, for other unfunded commitments to extend credit; $12.5 billion and $9.5 billion, respectively, for standby letters of credit and other financial guarantees; $557 million and $556 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 September 30, 2025 and December 31, 2024, collateral held by the Firm in support of securities lending indemnification agreements was $410.7 billion and $328.7 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 September 30, 2025 and December 31, 2024, 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 September 30, 2025 and December 31, 2024, primarily includes unfunded commitments to purchase secondary market loans, other equity investment commitments, commitments to purchase leased assets, and unfunded commitments related to certain tax-oriented equity investments.
(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.
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 September 30, 2025 and December 31, 2024.
Standby letters of credit, other financial guarantees and other letters of credit
September 30, 2025December 31, 2024
(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)
$19,924 $2,889 $20,443 $3,380 
Noninvestment-grade(a)
8,968 1,123 8,233 974 
Total contractual amount$28,892 $4,012 $28,676 $4,354 
Allowance for lending-related commitments$175 $12 $94 $37 
Guarantee liability426 — 379 — 
Total carrying value$601 $12 $473 $37 
Commitments with collateral$16,523 $565 $16,805 $357 
(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 September 30, 2025 and December 31, 2024.
(in millions)September 30, 2025December 31, 2024
Notional amounts
Derivative guarantees$50,902 $49,628 
Stable value contracts with contractually limited exposure34,963 32,939 
Maximum exposure of stable value contracts with contractually limited exposure1,307 1,740 
Fair value
Derivative payables11 113