Commitments, Guarantees, and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

Commitments, Guarantees, and Contingent Liabilities [Abstract]

Schedule of Off Balance Sheet Financial Instruments

The following schedule presents the contractual amounts related to off-balance sheet financial instruments used to meet the financing needs of our customers.

(In millions)	March 31, 2023		December 31, 2022
Unfunded lending commitments 1	$	29,907	$	29,628
Standby letters of credit:
Financial	633		667
Performance	169		184
Commercial letters of credit	14		11
Mortgage-backed security purchase agreements 2	47		23
Total unfunded commitments	$	30,770	$	30,513

1 Net of participations.

2 Represents agreements with Farmer Mac to purchase securities backed by certain agricultural mortgage loans.