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Commitments and contingent liabilities (Tables)
 9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Summary of Off-Balance Sheet Credit Risks, Net of Participations
The following table presents a summary of our off-balance sheet credit risks.

Off-balance sheet credit risksSept. 30, 2021Dec. 31, 2020
(in millions)
Lending commitments$46,892 $47,577 
Standby letters of credit (“SBLC”) (a)
1,993 2,265 
Commercial letters of credit146 60 
Securities lending
indemnifications (b)(c)
485,626 469,121 
(a)Net of participations totaling $126 million at Sept. 30, 2021 and $154 million at Dec. 31, 2020.
(b)Excludes the indemnification for securities for which BNY Mellon acts as an agent on behalf of CIBC Mellon clients, which totaled $64 billion at Sept. 30, 2021 and $62 billion at Dec. 31, 2020.
(c)Includes cash collateral, invested in indemnified repurchase agreements, held by us as securities lending agent of $50 billion at Sept. 30, 2021 and $41 billion at Dec. 31, 2020.
Standby Letters of Credits by Investment Grade The table below shows SBLCs by investment grade:
Standby letters of creditSept. 30, 2021Dec. 31, 2020
Investment grade85 %82 %
Non-investment grade15 %18 %
Summary of Credit Exposure in the Financial Institutions and Commercial Portfolios The tables below present our credit exposure in the financial institutions and commercial portfolios.
Financial institutions
portfolio exposure
(in billions)
Sept. 30, 2021
LoansUnfunded
commitments		Total exposure
Securities industry$2.0 $18.8 $20.8 
Asset managers1.5 7.4 8.9 
Banks4.9 1.7 6.6 
Insurance0.3 3.0 3.3 
Government0.1 0.1 0.2 
Other0.6 1.1 1.7 
Total$9.4 $32.1 $41.5 
Commercial portfolio
exposure
(in billions)
Sept. 30, 2021
LoansUnfunded
commitments		Total exposure
Manufacturing$0.5 $4.0 $4.5 
Energy and utilities0.3 3.9 4.2 
Services and other0.8 3.2 4.0 
Media and telecom0.1 0.8 0.9 
Total$1.7 $11.9 $13.6