Commitments and Guarantees (Tables)

3 Months Ended

Mar. 31, 2021

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)	March 31, 2021		December 31, 2020
Commitments:
Unfunded credit facilities	$	34,114	$	34,213
Guarantees(1):
Indemnified securities financing	$	436,039	$	440,875
Standby letters of credit	3,502		3,330

(1) 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)	March 31, 2021		December 31, 2020
Fair value of indemnified securities financing	$	436,039	$	440,875
Fair value of cash and securities held by us, as agent, as collateral for indemnified securities financing	457,367		463,273
Fair value of collateral for indemnified securities financing invested in indemnified repurchase agreements	59,308		54,432
Fair value of cash and securities held by us or our agents as collateral for investments in indemnified repurchase agreements	64,146		58,092