Commitments, Contingent Liabilities and Guarantees (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments to Extend Credit or Funding

The following table shows the remaining contractual amount of each class of commitment related to extending credit or funding principal investments as of December 31, 2016, and December 31, 2015. For loan commitments and commercial letters of credit, this amount represents our maximum possible accounting loss on the unused commitment if the borrower were to draw upon the full amount of the commitment and subsequently default on payment for the total amount of the then outstanding loan.

December 31, in millions	2016		2015
Loan commitments:
Commercial and other	$	34,372	$	28,053
Commercial real estate and construction	3,034		1,718
Home equity	9,666		7,220
Credit cards	5,653		3,603
Total loan commitments	52,725		40,594
When-issued and to be announced securities commitments	34		2
Commercial letters of credit	143		139
Purchase card commitments	293		163
Principal investing commitments	37		50
Tax credit investment commitments	466		410
Liabilities of certain limited partnerships and other commitments	2		1
Total loan and other commitments	$	53,700	$	41,359

Guarantees

The following table shows the types of guarantees that we had outstanding at December 31, 2016. Information pertaining to the basis for determining the liabilities recorded in connection with these guarantees is included in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Guarantees.”

December 31, 2016	Maximum Potential Undiscounted Future Payments		Liability Recorded
in millions
Financial guarantees:
Standby letters of credit	$	11,864	$	67
Recourse agreement with FNMA	2,530		5
Residential mortgage reserve	1,248		5
Return guarantee agreement with LIHTC investors	3		3
Written put options (a)	1,904		35
Total	$	17,549	$	115

(a) The maximum potential undiscounted future payments represent notional amounts of derivatives qualifying as guarantees.