Commitments and Guarantees (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

The following table, which presents the aggregate gross contractual amounts of our off-balance sheet guarantees as of the dates indicated, does not consider the value of any collateral, which may mitigate any potential loss. Amounts presented do not reflect participations to independent third parties.



(In millions)	December 31, 2015		December 31, 2014
Indemnified securities financing	$	320,436	$	349,766
Stable value protection	24,583		23,409
Asset purchase agreements	3,990		4,107
Standby letters of credit	4,700		4,720

Schedule of Repurchase Agreements

The following table summarizes the aggregate fair values of indemnified securities financing and related collateral, as well as collateral invested in indemnified repurchase agreements, as of the dates indicated:



(In millions)	December 31, 2015		December 31, 2014
Fair value of indemnified securities financing	$	320,436	$	349,766
Fair value of cash and securities held by us, as agent, as collateral for indemnified securities financing	335,420		364,411
Fair value of collateral for indemnified securities financing invested in indemnified repurchase agreements	63,055		85,309
Fair value of cash and securities held by us or our agents as collateral for investments in indemnified repurchase agreements	67,016		90,819