Commitments, Contingent Liabilities and Guarantees (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

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, 2014, and December 31, 2013. For loan commitments and commercial letters of credit, this amount represents our maximum possible accounting loss if the borrower were to draw upon the full amount of the commitment and subsequently default on payment for the total amount of the outstanding loan.


December 31, in millions	2014		2013
Loan commitments:
Commercial and other	$	25,979	$	23,611
Commercial real estate and construction		1,965		2,104
Home equity		7,164		7,193
Credit cards		3,762		3,457
Total loan commitments		38,870		36,365
When-issued and to be announced securities commitments		102		140
Commercial letters of credit		121		119
Purchase card commitments		63		34
Principal investing commitments		60		75
Liabilities of certain limited partnerships and other commitments		1		2
Total loan and other commitments	$	39,217	$	36,735

Guarantees

The following table shows the types of guarantees that we had outstanding at December 31, 2014. 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, 2014 in millions	Maximum Potential Undiscounted Future Payments		Liability Recorded
Financial guarantees:
Standby letters of credit	$	11,566	$	65
Recourse agreement with FNMA		1,432		4
Return guarantee agreement with LIHTC investors		4		4
Written put options ^(a)		2,263		149
Total	$	15,265	$	222

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