Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2022

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 the reserve for unfunded lending commitments by portfolio type for the three and six months ended June 30, 2022 and 2021:

ROLLFORWARD OF ALLL & RESERVE FOR UNFUNDED LENDING COMMITMENTS
(Dollars in millions)	Commercial, Financial, and Industrial (a)		Commercial Real Estate		Consumer Real Estate		Credit Card and Other		Total
	Three Months Ended June 30, 2022
Allowance for loan and lease losses:
Balance as of April 1, 2022	$	287	$	151	$	164	$	20	$	622
Charge-offs	(12)		—		(2)		(7)		(21)
Recoveries	1		1		6		1		9
Provision for loan and lease losses	(2)		(11)		15		12		14
Balance as of June 30, 2022	$	274	$	141	$	183	$	26	$	624
Reserve for remaining unfunded commitments:
Balance as of April 1, 2022	43		12		9		—		64
Provision for remaining unfunded commitments	10		5		1		—		16
Balance as of June 30, 2022	53		17		10		—		80
Allowance for credit losses as of June 30, 2022	$	327	$	158	$	193	$	26	$	704
	Three Months Ended June 30, 2021
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 losses	(60)		(23)		(26)		—		(109)
Balance as of June 30, 2021	$	385	$	210	$	203	$	17	$	815
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
Allowance for credit losses as of June 30, 2021	$	442	$	219	$	212	$	17	$	890

	Six Months Ended June 30, 2022
Allowance for loan and lease losses:
Balance as of January 1, 2022	$	334	$	154	$	163	$	19	$	670
Charge-offs	(25)		—		(3)		(12)		(40)
Recoveries	4		1		11		2		18
Provision for loan and lease losses	(39)		(14)		12		17		(24)
Balance as of June 30, 2022	$	274	$	141	$	183	$	26	$	624
Reserve for remaining unfunded commitments:
Balance as of January 1, 2022	$	46	$	12	$	8	$	—	$	66
Provision for remaining unfunded commitments	7		5		2		—		14
Balance as of June 30, 2022	$	53	$	17	$	10	$	—	$	80
Allowance for credit losses as of June 30, 2022	$	327	$	158	$	193	$	26	$	704
	Six Months Ended June 30, 2021
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
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
Allowance for credit losses as of June 30, 2021	$	442	$	219	$	212	$	17	$	890

(a) C&I loans as of June 30, 2022 and 2021 include $375 million and $3.8 billion in PPP loans, respectively, 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.