v3.25.3
Commitments and Guarantees (Tables)
9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Guarantor Obligations
The following table presents the aggregate gross contractual amounts of our off-balance sheet commitments and guarantees, as of the dates indicated:
(In millions)September 30, 2025December 31, 2024
Commitments:
Unfunded credit facilities$35,469 $34,191 
Guarantees(1):
Indemnified securities financing$382,568 $310,814 
Standby letters of credit691 908 
(1) The potential losses associated with these guarantees equal the gross contractual amounts and do not consider the value of any collateral or reflect any participations to independent third parties.
Schedule of Repurchase Agreements
The following table summarizes the aggregate fair values of indemnified securities financing and related collateral, as well as collateral invested in indemnified repurchase agreements, as of the dates indicated:
(In millions)September 30, 2025December 31, 2024
Fair value of indemnified securities financing$382,568 $310,814 
Fair value of cash and securities held by us, as agent, as collateral for indemnified securities financing402,347 325,611 
Fair value of collateral for indemnified securities financing invested in indemnified repurchase agreements55,522 63,655 
Fair value of cash and securities held by us or our agents as collateral for investments in indemnified repurchase agreements59,621 68,507