Commitments and Guarantees (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

The following table presents the aggregate gross contractual amounts of our off-balance sheet commitments and off-balance sheet guarantees as of the dates indicated.



(In millions)	December 31, 2016		December 31, 2015
Commitments⁽¹⁾:
Unfunded credit facilities	$	28,154	$	26,570

Guarantees⁽²⁾:
Indemnified securities financing	$	360,452	$	320,436
Stable value protection	27,182		24,583
Standby letters of credit	3,459		4,700

⁽¹⁾ The potential losses associated with these commitments equal the gross contractual amounts, and do not consider the value of any collateral.

⁽²⁾ The potential losses associated with these guarantees equal the gross contractual amounts and do not consider the value of any collateral or reflect any participations to independent third parties.

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, 2016		December 31, 2015
Fair value of indemnified securities financing	$	360,452	$	320,436
Fair value of cash and securities held by us, as agent, as collateral for indemnified securities financing	377,919		335,420
Fair value of collateral for indemnified securities financing invested in indemnified repurchase agreements	60,003		63,055
Fair value of cash and securities held by us or our agents as collateral for investments in indemnified repurchase agreements	63,959		67,016