Commitments and Guarantees (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Guarantor Obligations

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

(In millions)	September 30, 2022		December 31, 2021
Commitments:
Unfunded credit facilities	$	31,534	$	33,026
Guarantees(1):
Indemnified securities financing	$	339,548	$	385,740
Standby letters of credit	2,162		3,237

(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)	September 30, 2022		December 31, 2021
Fair value of indemnified securities financing	$	339,548	$	385,740
Fair value of cash and securities held by us, as agent, as collateral for indemnified securities financing	355,848		404,121
Fair value of collateral for indemnified securities financing invested in indemnified repurchase agreements	59,787		61,560
Fair value of cash and securities held by us or our agents as collateral for investments in indemnified repurchase agreements	64,515		67,014