Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 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 April 1, 2021	$	442	$	232	$	222	$	18	$	914
Charge-offs	(2)		—		(1)		(3)		(6)
Recoveries	5		1		8		2		16
Provision for loan and lease losses	(60)		(23)		(26)		—		(109)
Balance as of June 30, 2021	$	385	$	210	$	203	$	17	$	815
Balance as of April 1, 2020	$	255	$	48	$	123	$	19	$	445
Charge-offs	(18)		—		(2)		(3)		(23)
Recoveries	1		—		4		1		6
Provision for loan losses	81		9		19		1		110
Balance as of June 30, 2020	$	319	$	57	$	144	$	18	$	538
Reserve for remaining unfunded commitments:
Balance as of April 1, 2021	$	62	$	11	$	8	$	—	$	81
Provision for remaining unfunded commitments	(5)		(2)		1		—		(6)
Balance as of June 30, 2021	$	57	$	9	$	9	$	—	$	75
Balance as of April 1, 2020	$	27	$	6	$	6	$	—	$	39
Provision for remaining unfunded commitments	9		—		2		—		11
Balance as of June 30, 2020	$	36	$	6	$	8	$	—	$	50
Allowance for loan and lease losses:
Balance as of January 1, 2021	$	453	$	242	$	242	$	26	$	963
Charge-offs	(16)		(3)		(4)		(6)		(29)
Recoveries	11		3		14		3		31
Provision for loan and lease losses	(63)		(32)		(49)		(6)		(150)
Balance as of June 30, 2021	$	385	$	210	$	203	$	17	$	815
Balance as of January 1, 2020, as adjusted (b)	$	142	$	29	$	121	$	15	$	307
Charge-offs	(25)		(1)		(4)		(6)		(36)
Recoveries	2		1		7		2		12
Provision for loan losses	200		28		20		7		255
Balance as of June 30, 2020	$	319	$	57	$	144	$	18	$	538
Reserve for remaining unfunded commitments:
Balance as of January 1, 2021	$	65	$	10	$	10	$	—	$	85
Provision for remaining unfunded commitments	(8)		(1)		(1)		—		(10)
Balance as of June 30, 2021	$	57	$	9	$	9	$	—	$	75
Balance as of January 1, 2020, as adjusted (b)	$	21	$	3	$	6	$	—	$	30
Provision for remaining unfunded commitments	15		3		2		—		20
Balance as of June 30, 2020	$	36	$	6	$	8	$	—	$	50

(a) C&I loans as of June 30, 2021 include $3.8 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.