GUARANTEES AND COMMITMENTS (Tables)

3 Months Ended

Mar. 31, 2013

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 March 31, 2013 except carrying value in millions	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions of dollars)
Financial standby letters of credit	$	22.2	$	75.7	$	97.9	$	388.5
Performance guarantees		7.4		4.6		12.0		41.2
Derivative instruments considered to be guarantees		11.6		53.8		65.4		2,189.7
Loans sold with recourse		—		0.4		0.4		85.1
Securities lending indemnifications(1)		76.2		—		76.2		—
Credit card merchant processing(1)		65.9		—		65.9		—
Custody indemnifications and other		—		31.5		31.5		—
Total	$	183.3	$	166.0	$	349.3	$	2,704.5

(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, 2012 except carrying value in millions	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions of dollars)
Financial standby letters of credit	$	22.3	$	79.8	$	102.1	$	432.8
Performance guarantees		7.3		4.7		12.0		41.6
Derivative instruments considered to be guarantees		11.2		45.5		56.7		2,648.7
Loans sold with recourse		—		0.5		0.5		87.0
Securities lending indemnifications(1)		80.4		—		80.4		—
Credit card merchant processing(1)		70.3		—		70.3		—
Custody indemnifications and other		—		30.2		30.2		—
Total	$	191.5	$	160.7	$	352.2	$	3,210.1

(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.

Schedule of Guarantor Obligations by Credit Ratings

	Maximum potential amount of future payments
In billions of dollars as of March 31, 2013	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	73.3	$	12.4	$	12.2	$	97.9
Performance guarantees		7.1		3.1		1.8		12.0
Derivative instruments deemed to be guarantees		—		—		65.4		65.4
Loans sold with recourse		—		—		0.4		0.4
Securities lending indemnifications		—		—		76.2		76.2
Credit card merchant processing		—		—		65.9		65.9
Custody indemnifications and other		31.4		0.1		—		31.5
Total	$	111.8	$	15.6	$	221.9	$	349.3

	Maximum potential amount of future payments
In billions of dollars as of December 31, 2012	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	80.9	$	11.0	$	10.2	$	102.1
Performance guarantees		7.3		3.0		1.7		12.0
Derivative instruments deemed to be guarantees		—		—		56.7		56.7
Loans sold with recourse		—		—		0.5		0.5
Securities lending indemnifications		—		—		80.4		80.4
Credit card merchant processing		—		—		70.3		70.3
Custody indemnifications and other		30.1		0.1		—		30.2
Total	$	118.3	$	14.1	$	219.8	$	352.2

Schedule of Credit Commitments

In millions of dollars	U.S.		Outside of U.S.		March 31, 2013		December 31, 2012
Commercial and similar letters of credit	$	1,366	$	5,679	$	7,045	$	7,311
One- to four-family residential mortgages		2,900		1,425		4,325		3,893
Revolving open-end loans secured by one- to four-family residential properties		14,831		3,310		18,141		18,176
Commercial real estate, construction and land development		1,852		1,302		3,154		3,496
Credit card lines		483,589		135,763		619,352		620,700
Commercial and other consumer loan commitments		138,454		89,407		227,861		228,492
Other commitments and contingencies		1,371		1,149		2,520		2,259
Total	$	644,363	$	238,035	$	882,398	$	884,327