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Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2025 and 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 generally 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(i)(j)
2025202420252024
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)
$13,496 $5,665 $3,454 $6,383 $28,998 $30,349 $327 $534 
Auto and other10,784 1 4 3,800 14,589 14,495 10 37 
Total consumer, excluding credit card24,280 5,666 3,458 10,183 43,587 44,844 337 571 
Credit card(b)
1,073,537 104,229 
(h)
— — 1,177,766 1,001,311 2,200 
(k)
— 
Total consumer(c)
1,097,817 109,895 3,458 10,183 1,221,353 1,046,155 2,537 571 
Wholesale:
Other unfunded commitments to extend credit(d)
135,171 179,512 219,910 26,913 561,506 498,437 3,112 2,608 
Standby letters of credit and other financial guarantees(d)
16,443 8,135 4,905 436 29,919 28,676 616 473 
Other letters of credit(d)
4,183 126 6 214 4,529 4,354 13 37 
Total wholesale(c)
155,797 187,773 224,821 27,563 595,954 531,467 3,741 3,118 
Total lending-related$1,253,614 $297,668 $228,279 $37,746 $1,817,307 $1,577,622 $6,278 $3,689 
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)
$405,910 $— $— $— $405,910 $310,046 $— $— 
Derivatives qualifying as guarantees1,168 633 9,572 37,658 49,031 49,628 (12)113 
Unsettled resale and securities borrowed agreements136,841 231 — — 137,072 115,939 

— 2 
Unsettled repurchase and securities loaned agreements52,308 587 — — 52,895 66,986 — (2)
Loan sale and securitization-related indemnifications:
Mortgage repurchase liabilityNANANANANANA37 45 
Loans sold with recourseNANANANA2,015 1,189 19 23 
Exchange & clearing house guarantees and commitments(f)
433,537 NANANA433,537 401,486 — — 
Other guarantees and commitments (g)
9,866 2,075 391 906 13,238 12,396 

15 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 December 31, 2025 and 2024, reflected the contractual amount net of risk participations totaling $181 million and $85 million, respectively, for other unfunded commitments to extend credit; $9.2 billion and $9.5 billion, respectively, for standby letters of credit and other financial guarantees; and $514 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 December 31, 2025 and 2024, collateral held by the Firm in support of securities lending indemnification agreements was $431.9 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 December 31, 2025 and 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 December 31, 2025 and 2024, primarily includes equity investment commitments, unfunded commitments to purchase secondary market loans, unfunded commitments related to certain tax-oriented equity investments, and commitments to purchase leased assets.
(h)Includes estimated total credit exposure related to the Apple Card transaction at the time that the transaction is expected to close of approximately $104 billion, including approximately $23 billion of estimated drawn loans.
(i)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.
(j)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.
(k)Represents the allowance for lending-related commitments related to the Apple Card transaction.
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, 2025 and 2024.
Standby letters of credit, other financial guarantees and other letters of credit
20252024
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)
$20,535 $3,187 $20,443 $3,380 
Noninvestment-grade(a)
9,384 1,342 8,233 974 
Total contractual amount$29,919 $4,529 $28,676 $4,354 
Allowance for lending-related commitments$175 $13 $94 $37 
Guarantee liability441 — 379 — 
Total carrying value$616 $13 $473 $37 
Commitments with collateral$16,969 $540 $16,805 $357 
(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, 2025 and 2024.
(in millions)December 31, 2025December 31, 2024
Notional amounts
Derivative guarantees$49,031 $49,628 
Stable value contracts with contractually limited exposure
35,462 32,939 
Maximum exposure of stable value contracts with contractually limited exposure
1,312 1,740 
Fair value
Derivative guarantees
(12)113