The following table includes the notional amount of commitments of $2.4 billion and $2.2 billion at December 31, 2025 and 2024 that are accounted for under the fair value option. However, the table excludes the cumulative net fair value for these commitments of $67 million and $144 million at December 31, 2025 and 2024, which is classified in accrued expenses and other liabilities. For more information regarding the Corporation’s loan commitments accounted for under the fair value option, see Note 21 – Fair Value Option.



Credit Extension Commitments

	Expire in One Year or Less		Expire After One Year Through Three Years		Expire After Three Years Through Five Years		Expire After Five Years		Total
(Dollars in millions)	December 31, 2025
Notional amount of credit extension commitments
Loan commitments (1)	$	139,725	$	224,524	$	244,340	$	24,587	$	633,176
Home equity lines of credit	4,247		9,808		7,240		21,787		43,082
Standby letters of credit and financial guarantees (2)	24,086		9,626		4,018		386		38,116
Letters of credit	639		46		19		44		748
Other commitments (3)	15		57		54		1,002		1,128
Legally binding commitments	168,712		244,061		255,671		47,806		716,250
Credit card lines (4)	476,926		—		—		—		476,926
Total credit extension commitments	$	645,638	$	244,061	$	255,671	$	47,806	$	1,193,176

	December 31, 2024
Notional amount of credit extension commitments
Loan commitments (1)	$	123,520	$	227,539	$	191,469	$	19,011	$	561,539
Home equity lines of credit	3,518		10,570		8,920		21,272		44,280
Standby letters of credit and financial guarantees (2)	25,080		8,006		2,589		370		36,045
Letters of credit	781		142		8		19		950
Other commitments (3)	5		52		88		1,028		1,173
Legally binding commitments	152,904		246,309		203,074		41,700		643,987
Credit card lines (4)	456,185		—		—		—		456,185
Total credit extension commitments	$	609,089	$	246,309	$	203,074	$	41,700	$	1,100,172

(2) The notional amounts of SBLCs and financial guarantees classified as investment grade and non-investment grade based on the credit quality of the underlying reference name within the instrument were $26.8 billion and $10.4 billion at December 31, 2025, and $25.0 billion and $10.1 billion at December 31, 2024. Amounts in the table include consumer SBLCs of $987 million and $1.0 billion at December 31, 2025 and 2024.