Commitments and Guarantees (Tables)

3 Months Ended

Mar. 31, 2023

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)	March 31, 2023		December 31, 2022
Commitments:
Unfunded credit facilities	$	32,990	$	31,208
Guarantees(1):
Indemnified securities financing	$	349,966	$	348,924
Standby letters of credit	1,859		2,125

(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, 2023		December 31, 2022
Fair value of indemnified securities financing	$	349,966	$	348,924
Fair value of cash and securities held by us, as agent, as collateral for indemnified securities financing	364,016		366,895
Fair value of collateral for indemnified securities financing invested in indemnified repurchase agreements	56,569		54,114
Fair value of cash and securities held by us or our agents as collateral for investments in indemnified repurchase agreements	60,935		57,903