Commitments (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and Guarantees [Abstract]

Commitments to Extend Credit and Other Commitments

The following table presents our outstanding commitments to extend credit along with other commitments as of June 30, 2024 and December 31, 2023, respectively.Table 60: Commitments to Extend Credit and Other Commitments

In millions	June 30, 2024		December 31, 2023
Commitments to extend credit
Commercial	$	202,054	$	203,080
Home equity	24,102		23,970
Credit card	35,249		33,978
Other	7,457		7,363
Total commitments to extend credit	268,862		268,391
Net outstanding standby letters of credit (a)	10,680		10,913
Standby bond purchase agreements (b)	1,167		1,078
Other commitments (c)	5,077		4,386
Total commitments to extend credit and other commitments	$	285,786	$	284,768

(a)Net outstanding standby letters of credit include $3.6 billion and $3.9 billion at June 30, 2024 and December 31, 2023, respectively, which support remarketing programs.

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

(c)Includes $2.1 billion related to investments in qualified affordable housing projects at both June 30, 2024 and December 31, 2023.