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Off-Balance Sheet Arrangements, Guarantees and Other Commitments (Tables)
9 Months Ended
Sep. 30, 2021
Disclosure Off Balance Sheet Arrangements Guarantees And Other Commitments Additional Information [Abstract]  
Summary Information Related to Commitments to Extend Credit (Excluding Letters of Credit)
The following table summarizes information related to our commitments to extend credit at September 30, 2021 and December 31, 2020:
(Dollars in millions)September 30, 2021December 31, 2020
Loan commitments available for funding: (1)$36,808 $28,975 
Commercial and standby letters of credit (2)3,451 3,007 
Total unfunded credit commitments$40,259 $31,982 
Allowance for unfunded credit commitments (3)149 121 
(1)Represents commitments which are available for funding, due to clients meeting all collateral, compliance and financial covenants required under loan commitment agreements.
(2)See below for additional information on our commercial and standby letters of credit.
(3)Our allowance for credit losses for unfunded credit commitments includes an allowance for both our unfunded loan commitments and our letters of credit.
Summary of Commercial and Standby Letters of Credit
The table below summarizes our commercial and standby letters of credit at September 30, 2021. The maximum potential amount of future payments represents the amount that could be remitted under letters of credit if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or from the collateral held or pledged.
(Dollars in millions)Expires in One
Year or Less
Expires After
One Year
Total Amount
Outstanding
Maximum Amount
of Future Payments
Financial standby letters of credit$3,146 $107 $3,253 $3,253 
Performance standby letters of credit116 21 137 137 
Commercial letters of credit27 34 61 61 
Total$3,289 $162 $3,451 $3,451 
Total Capital Commitments, Unfunded Capital Commitments, and Ownership in Each Fund The following table details our total capital commitments, unfunded capital commitments, and our ownership percentage in each fund at September 30, 2021:
(Dollars in millions)SVBFG Capital Commitments    SVBFG Unfunded    
Commitments
SVBFG Ownership  
of each Fund
CP II, LP (1)$$— 5.1 %
Capital Preferred Return Fund, LP13 — 20.0 
Growth Partners, LP25 33.0 
Strategic Investors Fund, LP15 12.6 
Strategic Investors Fund II, LP15 8.6 
Strategic Investors Fund III, LP15 5.9 
Strategic Investors Fund IV, LP12 5.0 
Strategic Investors Fund V funds— Various
Other venture capital and private equity fund investments (equity method accounting)
11 Various
Debt funds (equity method accounting)59 — Various
Other fund investments (2)257 Various
Total$424 $15 
(1)Our ownership includes direct ownership of 1.3 percent and indirect ownership interest of 3.8 percent through our investment in Strategic Investors Fund II, LP.
(2)Represents commitments to 159 funds (primarily venture capital funds) where our ownership interest is generally less than five percent of the voting interests of each such fund.