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Commitments, Contingent Liabilities, and Guarantees (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commitments to Extend Credit or Funding

The following table shows the remaining contractual amount of each class of commitment related to extending credit or funding principal investments. For loan commitments and commercial letters of credit, this amount represents our maximum possible accounting loss on the unused commitment if the borrower were to draw upon the full amount of the commitment and subsequently default on payment for the total amount of the then outstanding loan.

December 31, Dollars in millions			2023			2022
Loan commitments:
Commercial and other			$	55,603		$	58,269
Commercial real estate and construction			3,440			4,037
Home equity			8,984			9,346
Credit cards			7,058			7,424
Total loan commitments			75,085			79,076
Commercial letters of credit			65			86
Purchase card commitments			995			875
Principal investing commitments			1			9
Tax credit investment commitments			1,361			958
Total loan and other commitments			$	77,507		$	81,004

Schedule of Guarantees

The following table shows the types of guarantees that we had outstanding at December 31, 2023. Information pertaining to the basis for determining the liabilities recorded in connection with these guarantees is included in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Contingencies and Guarantees.”

December 31, 2023			Maximum Potential Undiscounted Future Payments			Liability Recorded
Dollars in millions
Financial guarantees:
Standby letters of credit			$	4,234		$	79
Recourse agreement with FNMA			7,465			98
Residential mortgage reserve			3,350			11
Written put options (a)			3,304			183
Total			$	18,353		$	371

(a)The maximum potential undiscounted future payments represent notional amounts of derivatives qualifying as guarantees.

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- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482425/460-10-50-4

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