Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2021

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Rollforward Of The Allowance For Loan Losses By Portfolio Segment

The following table provides a rollforward of the ALLL and RULC by portfolio type for the three months ended March 31, 2021 and 2020:

(Dollars in millions)	Commercial, Financial, and Industrial (a)		Commercial Real Estate		Consumer Real Estate		Credit Card and Other		Total
Allowance for loan and lease losses:
Balance as of January 1, 2021	$	453	$	242	$	242	$	26	$	963
Charge-offs	(16)		(3)		(1)		(3)		(23)
Recoveries	6		2		6		1		15
Provision (provision credit) for loan and lease losses	(1)		(8)		(25)		(6)		(41)
Balance as of March 31, 2021	$	442	$	232	$	222	$	18	$	914
Reserve for remaining unfunded commitments:
Balance as of January 1, 2021	$	65	$	10	$	10	$	—	$	85
Provision (provision credit) for remaining unfunded commitments	(3)		1		(2)		—		(4)
Balance as of March 31, 2021	$	62	$	11	$	8	$	—	$	81
Allowance for loan losses:
Balance as of January 1, 2020, as adjusted (b)	$	142	$	29	$	121	$	15	$	307
Charge-offs	(7)		(1)		(2)		(4)		(14)
Recoveries	1		1		3		1		6
Provision for loan losses	119		19		—		7		145
Balance as of March 31, 2020	$	255	$	48	$	122	$	19	$	444
Reserve for remaining unfunded commitments:
Balance as of January 1, 2020, as adjusted (b)	$	21	$	3	$	6	$	—	$	30
Provision for remaining unfunded commitments	6		3		—		—		9
Balance as of March 31, 2020	$	27	$	6	$	6	$	—	$	39

(a) C&I loans as of March 31, 2021 include $5.1 billion in PPP loans which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses.

(b) Balance, as adjusted, reflects the adoption of ASU 2016-13 (CECL) effective January 1, 2020.