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Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Credit Extension Commitment Expirations The following table includes the notional amount of commitments of $3.6 billion and $4.8 billion at June 30, 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 $220 million and $97 million at June 30, 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)June 30, 2022
Notional amount of credit extension commitments     
Loan commitments (1)
$119,081 $176,567 $199,835 $27,012 $522,495 
Home equity lines of credit1,111 6,169 10,961 22,490 40,731 
Standby letters of credit and financial guarantees (2)
25,634 9,213 2,458 559 37,864 
Letters of credit1,028 94 22 69 1,213 
Other commitments (3)
30 23 84 1,172 1,309 
Legally binding commitments146,884 192,066 213,360 51,302 603,612 
Credit card lines (4)
419,054 — — — 419,054 
Total credit extension commitments$565,938 $192,066 $213,360 $51,302 $1,022,666 
 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 June 30, 2022 and December 31, 2021, $3.8 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 $27.2 billion and $10.5 billion at June 30, 2022, and $26.3 billion and $8.7 billion at December 31, 2021. Amounts in the table include consumer SBLCs of $146 million and $512 million at June 30, 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.