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Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations The following table includes the notional amount of commitments of $4.9 billion and $4.0 billion at September 30, 2021 and December 31, 2020 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $95 million and $99 million at September 30, 2021 and December 31, 2020, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 15 – Fair Value Option.
Credit Extension Commitments
Expire in One
Year or Less		Expire After One
Year Through
Three Years		Expire After Three Years Through
Five Years		Expire After
Five Years		Total
(Dollars in millions)September 30, 2021
Notional amount of credit extension commitments     
Loan commitments (1)
$105,772 $196,782 $162,919 $32,030 $497,503 
Home equity lines of credit841 4,439 10,237 25,257 40,774 
Standby letters of credit and financial guarantees (2)
21,850 11,127 1,689 424 35,090 
Letters of credit1,574 162 32 43 1,811 
Legally binding commitments130,037 212,510 174,877 57,754 575,178 
Credit card lines (3)
402,382 — — — 402,382 
Total credit extension commitments$532,419 $212,510 $174,877 $57,754 $977,560 
 December 31, 2020
Notional amount of credit extension commitments     
Loan commitments (1)
$109,406 $171,887 $139,508 $16,091 $436,892 
Home equity lines of credit710 2,992 8,738 29,892 42,332 
Standby letters of credit and financial guarantees (2)
19,962 12,038 2,397 1,257 35,654 
Letters of credit886 197 25 27 1,135 
Legally binding commitments130,964 187,114 150,668 47,267 516,013 
Credit card lines (3)
384,955 — — — 384,955 
Total credit extension commitments$515,919 $187,114 $150,668 $47,267 $900,968 
(1)     At September 30, 2021 and December 31, 2020, $5.4 billion and $4.8 billion of these loan commitments were held in the form of a security.
(2)     The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $25.7 billion and $8.9 billion at September 30, 2021, and $25.0 billion and $10.2 billion at December 31, 2020. Amounts in the table include consumer SBLCs of $495 million and $500 million at September 30, 2021 and December 31, 2020.
(3)     Includes business card unused lines of credit.