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Revenue from contracts with customers
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from contracts with customers Revenue from contracts with customers
The Company generally charges customer accounts or otherwise bills customers upon completion of its services. Typically, the Company’s contracts with customers have a duration of one year or less and payment for services is received at least annually, but oftentimes more frequently as services are provided. At June 30, 2024 and December 31, 2023, the Company had $67 million and $68 million, respectively, of amounts receivable related to recognized revenue from the sources in the accompanying tables. Such amounts are classified in "accrued interest and other assets" in the Company’s Consolidated Balance Sheet. In certain situations, the Company is paid in advance of providing services and defers the recognition of revenue until its service obligation is satisfied. At June 30, 2024 and December 31, 2023, the Company had deferred revenue of $51 million and $54 million, respectively, related to the sources in the accompanying tables recorded in "accrued interest and other liabilities" in the Consolidated Balance Sheet.
The following tables summarize sources of the Company’s noninterest income during the three-month and six-month periods ended June 30, 2024 and 2023 that are subject to the revenue recognition accounting guidance.
(Dollars in millions)Commercial BankRetail BankInstitutional Services and Wealth ManagementTotal
Three Months Ended June 30, 2024
Classification in Consolidated Statement of Income 
Service charges on deposit accounts$40 $87 $— $127 
Trust income— 169 170 
Brokerage services income— 29 30 
Other revenues from operations:
Merchant discount and credit card interchange fees19 24 — 43 
Other18 
$68 $119 $201 $388 
Three Months Ended June 30, 2023
Classification in Consolidated Statement of Income
Service charges on deposit accounts$36 $83 $— $119 
Trust income— 171 172 
Brokerage services income— 24 25 
Other revenues from operations:
Merchant discount and credit card interchange fees19 23 — 42 
Other18 
$64 $114 $198 $376 
(Dollars in millions)Commercial BankRetail BankInstitutional Services and Wealth ManagementTotal
Six Months Ended June 30, 2024
Classification in Consolidated Statement of Income
Service charges on deposit accounts$80 $171 $— $251 
Trust income— 328 330 
Brokerage services income— 56 59 
Other revenues from operations:
Merchant discount and credit card interchange fees36 44 — 80 
 Other15 15 35 
$136 $230 $389 $755 
Six Months Ended June 30, 2023
Classification in Consolidated Statement of Income
Service charges on deposit accounts$70 $162 $— $232 
Trust income— 365 366 
Brokerage services income— 46 49 
Other revenues from operations:
Merchant discount and credit card interchange fees36 43 — 79 
 Other13 16 33 
$123 $221 $415 $759