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Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations The following table includes the notional amount of commitments of $4.0 billion and $4.8 billion at March 31, 2022 and December 31, 2021 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $136 million and $97 million at March 31, 2022 and December 31, 2021, 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)March 31, 2022
Notional amount of credit extension commitments     
Loan commitments (1)
$117,648 $188,950 $180,294 $23,856 $510,748 
Home equity lines of credit975 5,720 10,587 23,617 40,899 
Standby letters of credit and financial guarantees (2)
24,736 8,478 2,485 434 36,133 
Letters of credit1,316 100 18 95 1,529 
Other commitments (3)
25 37 79 1,225 1,366 
Legally binding commitments144,700 203,285 193,463 49,227 590,675 
Credit card lines (4)
414,236 — — — 414,236 
Total credit extension commitments$558,936 $203,285 $193,463 $49,227 $1,004,911 
 December 31, 2021
Notional amount of credit extension commitments     
Loan commitments (1)
$102,464 $190,687 $174,978 $26,635 $494,764 
Home equity lines of credit890 5,097 10,268 24,276 40,531 
Standby letters of credit and financial guarantees (2)
22,359 10,742 2,017 422 35,540 
Letters of credit1,145 124 56 98 1,423 
Other commitments (3)
18 59 81 1,233 1,391 
Legally binding commitments126,876 206,709 187,400 52,664 573,649 
Credit card lines (4)
406,169 — — — 406,169 
Total credit extension commitments$533,045 $206,709 $187,400 $52,664 $979,818 
(1)     At March 31, 2022 and December 31, 2021, $3.4 billion and $4.6 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 $26.4 billion and $9.3 billion at March 31, 2022, and $26.3 billion and $8.7 billion at December 31, 2021. Amounts in the table include consumer SBLCs of $487 million and $512 million at March 31, 2022 and December 31, 2021.
(3)     Primarily includes second-loss positions on lease-end residual value guarantees.
(4)     Includes business card unused lines of credit.