v3.26.1
Commitments and contingent liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Off-Balance Sheet Credit Risks, Net of Participations
The following table presents a summary of our off-balance sheet credit risks.

Off-balance sheet credit risksJune 30, 2026Dec. 31, 2025
(in millions)
Lending commitments$48,815 $49,433 
Standby letters of credit (“SBLC”) (a)
1,477 1,659 
Commercial letters of credit91 78 
Securities lending
indemnifications (b)(c)
717,187 666,395 
(a)Net of participations totaling $111 million at June 30, 2026 and $111 million at Dec. 31, 2025.
(b)Excludes the indemnification for securities for which BNY acts as an agent on behalf of CIBC Mellon clients, which totaled $71 billion at June 30, 2026 and $74 billion at Dec. 31, 2025.
(c)Includes cash collateral, invested in indemnified repurchase agreements, held by us as securities lending agent of $74 billion at June 30, 2026 and $65 billion at Dec. 31, 2025.
Standby Letters of Credits by Investment Grade The table below shows SBLCs by investment grade:
Standby letters of creditJune 30, 2026Dec. 31, 2025
Investment grade79%78%
Non-investment grade21%22%
Summary of Credit Exposure in the Financial Institutions and Commercial Portfolios The tables below present our credit exposure in the financial institutions and commercial portfolios.
Financial institutions
portfolio exposure
(in billions)
June 30, 2026

Loans
Unfunded
commitments
Total exposure
Securities industry$4.1 $12.7 $16.8 
Banks8.6 1.9 10.5 
Asset managers1.9 8.3 10.2 
Insurance— 4.3 4.3 
Government— 0.8 0.8 
Other0.7 1.0 1.7 
Total$15.3 $29.0 $44.3 
Commercial portfolio
exposure
(in billions)
June 30, 2026

Loans
Unfunded
commitments
Total exposure
Manufacturing$0.8 $4.4 $5.2 
Services and other0.9 3.8 4.7 
Energy and utilities0.1 4.4 4.5 
Media and telecom— 0.8 0.8 
Total$1.8 $13.4 $15.2