GUARANTEES AND COMMITMENTS (Tables)

9 Months Ended

Sep. 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 September 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	$	25.9	$	71.9	$	97.8	$	468.8
Performance guarantees		7.3		5.0		12.3		47.2
Derivative instruments considered to be guarantees		8.6		8.5		17.1		2,307.7
Loans sold with recourse		—		0.5		0.5		112.7
Securities lending indemnifications(1)		84.5		—		84.5		—
Credit card merchant processing(1)		71.6		—		71.6		—
Custody indemnifications and other		—		42.9		42.9		9.7
Total	$	197.9	$	128.8	$	326.7	$	2,946.1

(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		7.5		7.5		15.0		1,445.2
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	$	178.4	$	121.1	$	299.5	$	2,078.0

(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 September 30, 2011	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	72.0	$	17.9	$	7.9	$	97.8
Performance guarantees		7.0		3.0		2.3		12.3
Derivative instruments deemed to be guarantees		—		—		17.1		17.1
Loans sold with recourse		—		—		0.5		0.5
Securities lending indemnifications		—		—		84.5		84.5
Credit card merchant processing		—		—		71.6		71.6
Custody indemnifications and other		42.9		—		—		42.9
Total	$	121.9	$	20.9	$	183.9	$	326.7

	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		—		—		15.0		15.0
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	$	177.0	$	299.5

Schedule of Credit Commitments

In millions of dollars	U.S.		Outside of U.S.		September 30, 2011		December 31, 2010
Commercial and similar letters of credit	$	1,837	$	7,656	$	9,493	$	8,974
One- to four-family residential mortgages		2,422		503		2,925		2,980
Revolving open-end loans secured by one- to four-family residential properties		16,974		2,808		19,782		20,934
Commercial real estate, construction and land development		1,646		286		1,932		2,407
Credit card lines		528,838		119,536		648,374		698,673
Commercial and other consumer loan commitments		146,059		90,056		236,115		210,404
Total	$	697,776	$	220,845	$	918,621	$	944,372