Contingent Liabilities and Guarantees (Tables)

9 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Guarantees

The following table shows the types of guarantees that we had outstanding at September 30, 2015. 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 “Guarantees” beginning on page 124 of our 2014 Form 10-K.

	Maximum Potential
September 30, 2015	Undiscounted		Liability
in millions	Future Payments		Recorded
Financial guarantees:
Standby letters of credit	$	11,498	$	63
Recourse agreement with FNMA		1,747		4
Return guarantee agreement with LIHTC investors		4		4
Written put options (a)		2,131		117
Total	$	15,380	$	188

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