Contingent Liabilities and Guarantees (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Guarantees

The following table shows the types of guarantees that we had outstanding at June 30, 2022. Information pertaining to the basis for determining the liabilities recorded in connection with these guarantees is included in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Contingencies and Guarantees” beginning on page 115 of our 2021 Form 10-K.

June 30, 2022	Maximum Potential Undiscounted Future Payments		Liability Recorded
Dollars in millions
Financial guarantees:
Standby letters of credit	$	4,041	$	85
Recourse agreement with FNMA	6,502		25
Residential mortgage reserve	3,278		16
Written put options (a)	3,996		181
Total	$	17,817	$	307

(a)The maximum potential undiscounted future payments represent notional amounts of derivatives qualifying as guarantees.