Commitments (Tables)

9 Months Ended

Sep. 30, 2020

Commitments and Guarantees [Abstract]

Commitments to Extend Credit and Other Commitments

Table 63: Commitments to Extend Credit and Other Commitments

In millions	September 30 2020		December 31 2019
Commitments to extend credit
Total commercial lending	$	145,312	$	131,762
Home equity lines of credit	16,793		16,803
Credit card	31,841		30,862
Other	6,905		6,162
Total commitments to extend credit	200,851		185,589
Net outstanding standby letters of credit (a)	9,080		9,843
Reinsurance agreements (b)	85		1,393
Standby bond purchase agreements (c)	1,434		1,295
Other commitments (d)	1,475		1,498
Total commitments to extend credit and other commitments	$	212,925	$	199,618

(a) Net outstanding standby letters of credit include $3.9 billion and $4.1 billion at September 30, 2020 and December 31, 2019, respectively, which support remarketing programs.

(b) Represents aggregate maximum exposure up to the specified limits of the reinsurance contracts provided by our wholly-owned captive insurance subsidiary. These amounts reflect estimates based on availability of financial information from insurance carriers. As of September 30, 2020, the aggregate maximum exposure amount was zero for accidental death and dismemberment contracts, and $.1 billion for credit life, accident and health contracts. Comparable amounts at December 31, 2019 were $1.3 billion and $.1 billion, respectively.

(c) We enter into standby bond purchase agreements to support municipal bond obligations.

(d) Includes $.6 billion related to investments in qualified affordable housing projects for both September 30, 2020 and December 31, 2019.