GUARANTEES AND COMMITMENTS (Tables)

6 Months Ended

Jun. 30, 2011

GUARANTEES AND COMMITMENTS

Schedule of Guarantor Obligations by Expiration Date, Amount Outstanding and Carrying Value

	Maximum potential amount of future payments
In billions of dollars at June 30, 2011 except carrying value in millions	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions)
2011
Financial standby letters of credit	$	29.5	$	69.3	$	98.8	$	240.6
Performance guarantees		9.0		3.8		12.8		46.1
Derivative instruments considered to be guarantees		3.6		3.4		7.0		715.1
Loans sold with recourse		—		0.5		0.5		114.0
Securities lending indemnifications(1)		85.5		—		85.5		—
Credit card merchant processing(1)		70.8		—		70.8		—
Custody indemnifications and other		—		44.6		44.6		—
Total	$	198.4	$	121.6	$	320.0	$	1,115.8

(1)

The carrying values of securities lending indemnifications and credit card merchant processing are not material, as the Company has determined that the amount and probability of potential liabilities arising from these guarantees are not significant.

	Maximum potential amount of future payments
In billions of dollars at December 31, 2010 except carrying value in millions	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions)
2010
Financial standby letters of credit	$	26.4	$	68.4	$	94.8	$	225.9
Performance guarantees		9.1		4.6		13.7		35.8
Derivative instruments considered to be guarantees		3.1		5.0		8.1		850.4
Loans sold with recourse		—		0.4		0.4		117.3
Securities lending indemnifications(1)		70.4		—		70.4		—
Credit card merchant processing(1)		65.0		—		65.0		—
Custody indemnifications and other		—		40.2		40.2		253.8
Total	$	174.0	$	118.6	$	292.6	$	1,483.2

(1)

The carrying values of guarantees of collections of contractual cash flows, securities lending indemnifications and credit card merchant processing are not material, as the Company has determined that the amount and probability of potential liabilities arising from these guarantees are not significant.

Schedule of Guarantor Obligations by Credit Ratings

	Maximum potential amount of future payments
In billions of dollars as of June 30, 2011	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	69.3	$	20.7	$	8.8	$	98.8
Performance guarantees		7.3		3.0		2.5		12.8
Derivative instruments deemed to be guarantees		—		—		7.0		7.0
Loans sold with recourse		—		—		0.5		0.5
Securities lending indemnifications		—		—		85.5		85.5
Credit card merchant processing		—		—		70.8		70.8
Custody indemnifications and other		44.6		—		—		44.6
Total	$	121.2	$	23.7	$	175.1	$	320.0

	Maximum potential amount of future payments
In billions of dollars as of December 31, 2010	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	58.7	$	13.2	$	22.9	$	94.8
Performance guarantees		7.0		3.4		3.3		13.7
Derivative instruments deemed to be guarantees		—		—		8.1		8.1
Loans sold with recourse		—		—		0.4		0.4
Securities lending indemnifications		—		—		70.4		70.4
Credit card merchant processing		—		—		65.0		65.0
Custody indemnifications and other		40.2		—		—		40.2
Total	$	105.9	$	16.6	$	170.1	$	292.6

Schedule of Credit Commitments

In millions of dollars	U.S.		Outside of U.S.		June 30, 2011		December 31, 2010
Commercial and similar letters of credit	$	1,528	$	8,104	$	9,632	$	8,974
One- to four-family residential mortgages		1,566		459		2,025		2,980
Revolving open-end loans secured by one- to four-family residential properties		17,520		3,052		20,572		20,934
Commercial real estate, construction and land development		1,826		321		2,147		2,407
Credit card lines		564,834		126,075		690,909		698,673
Commercial and other consumer loan commitments		141,561		91,828		233,389		210,404
Total	$	728,835	$	229,839	$	958,674	$	944,372