Commitments (Tables)

3 Months Ended

Mar. 31, 2023

Commitments and Guarantees [Abstract]

Commitments to Extend Credit and Other Commitments

The following table presents our outstanding commitments to extend credit along with other commitments as of March 31, 2023 and December 31, 2022, respectively.Table 59: Commitments to Extend Credit and Other Commitments

In millions	March 31, 2023		December 31, 2022
Commitments to extend credit
Commercial	$	194,702	$	198,542
Home equity	23,668		22,783
Credit card	33,835		33,066
Other	7,623		7,337
Total commitments to extend credit	259,828		261,728
Net outstanding standby letters of credit (a)	11,017		10,575
Standby bond purchase agreements (b)	1,193		1,208
Other commitments (c)	3,426		3,661
Total commitments to extend credit and other commitments	$	275,464	$	277,172

(a)Net outstanding standby letters of credit include $3.9 billion and $3.6 billion at March 31, 2023 and December 31, 2022, respectively, which support remarketing programs.

(b)We enter into standby bond purchase agreements to support municipal bond obligations.

(c)Includes $2.0 billion and $2.2 billion related to investments in qualified affordable housing projects at March 31, 2023 and December 31, 2022, respectively.