GUARANTEES AND COMMITMENTS (Tables)

9 Months Ended

Sep. 30, 2012

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, 2012 except carrying value in millions	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions)
Financial standby letters of credit	$	22.6	$	77.2	$	99.8	$	481.4
Performance guarantees		7.2		5.2		12.4		42.2
Derivative instruments considered to be guarantees		13.7		8.7		22.4		1,725.8
Loans sold with recourse		—		0.4		0.4		90.4
Securities lending indemnifications(1)		86.7		—		86.7		—
Credit card merchant processing(1)		70.3		—		70.3		—
Custody indemnifications and other		—		29.0		29.0		36.2
Total	$	200.5	$	120.5	$	321.0	$	2,376.0

(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, 2011 except carrying value in millions	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions)
Financial standby letters of credit	$	25.2	$	79.5	$	104.7	$	417.5
Performance guarantees		7.8		4.5		12.3		43.9
Derivative instruments considered to be guarantees		7.2		8.0		15.2		2,065.9
Loans sold with recourse		—		0.4		0.4		89.6
Securities lending indemnifications(1)		90.9		—		90.9		—
Credit card merchant processing(1)		70.2		—		70.2		—
Custody indemnifications and other		—		40.0		40.0		30.7
Total	$	201.3	$	132.4	$	333.7	$	2,647.6

(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.

Schedule of Guarantor Obligations by Credit Ratings

	Maximum potential amount of future payments
In billions of dollars as of September 30, 2012	Investment grade		Non-investment Grade		Not rated		Total
Financial standby letters of credit	$	79.2	$	11.2	$	9.4	$	99.8
Performance guarantees		7.1		3.3		2.0		12.4
Derivative instruments deemed to be guarantees		—		—		22.4		22.4
Loans sold with recourse		—		—		0.4		0.4
Securities lending indemnifications		—		—		86.7		86.7
Credit card merchant processing		—		—		70.3		70.3
Custody indemnifications and other		29.0		—		—		29.0
Total	$	115.3	$	14.5	$	191.2	$	321.0

	Maximum potential amount of future payments
In billions of dollars as of December 31, 2011	Investment grade		Non-investment Grade		Not rated		Total
Financial standby letters of credit	$	79.3	$	17.2	$	8.2	$	104.7
Performance guarantees		6.9		3.2		2.2		12.3
Derivative instruments deemed to be guarantees		—		—		15.2		15.2
Loans sold with recourse		—		—		0.4		0.4
Securities lending indemnifications		—		—		90.9		90.9
Credit card merchant processing		—		—		70.2		70.2
Custody indemnifications and other		40.0		—		—		40.0
Total	$	126.2	$	20.4	$	187.1	$	333.7

Schedule of Credit Commitments

In millions of dollars	U.S.		Outside of U.S.		September 30, 2012		December 31, 2011
Commercial and similar letters of credit	$	1,455	$	6,522	$	7,977	$	8,910
One- to four-family residential mortgages		3,073		1,438		4,511		3,504
Revolving open-end loans secured by one- to four-family residential properties		15,249		2,988		18,237		19,326
Commercial real estate, construction and land development		1,625		889		2,514		1,968
Credit card lines		490,618		135,149		625,767		653,985
Commercial and other consumer loan commitments		145,004		88,645		233,649		224,109
Other commitments and contingencies		1,041		683		1,724		3,201
Total	$	658,065	$	236,314	$	894,379	$	915,003