ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2022

Allowance for Credit Losses - Roll-forward

The following tables present ACL activity by portfolio segment for the three-month and six-month periods ended June 30, 2022 and 2021.


(dollar amounts in millions)	Commercial		Consumer		Total
Three-month period ended June 30, 2022:
ALLL balance, beginning of period	$	1,514	$	504	$	2,018

Loan and lease charge-offs	(12)		(40)		(52)
Recoveries of loans and leases previously charged-off	24		20		44
Provision (benefit) for loan and lease losses	(184)		248		64


ALLL balance, end of period	$	1,342	$	732	$	2,074
AULC balance, beginning of period	$	57	$	34	$	91

Provision (benefit) for unfunded lending commitments	(4)		7		3


AULC balance, end of period	$	53	$	41	$	94
ACL balance, end of period	$	1,395	$	773	$	2,168
Six-month period ended June 30, 2022:
ALLL balance, beginning of period	$	1,462	$	568	$	2,030

Loan and lease charge-offs	(44)		(89)		(133)
Recoveries of loans and leases previously charged-off	65		41		106
Provision for loan and lease losses	(141)		212		71


ALLL balance, end of period	$	1,342	$	732	$	2,074
AULC balance, beginning of period	$	41	$	36	$	77

Provision for unfunded lending commitments	12		5		17


AULC balance, end of period	$	53	$	41	$	94
ACL balance, end of period	$	1,395	$	773	$	2,168



(dollar amounts in millions)	Commercial		Consumer		Total
Three-month period ended June 30, 2021:
ALLL balance, beginning of period	$	1,197	$	506	$	1,703

Loan and lease charge-offs (1)	(78)		(24)		(102)
Recoveries of loans and leases previously charged-off	19		21		40
Provision for loan and lease losses (2)	106		39		145

Allowance on PCD loans and leases at acquisition	374		58		432
ALLL balance, end of period	$	1,618	$	600	$	2,218
AULC balance, beginning of period	$	27	$	11	$	38

Provision (benefit) for unfunded lending commitments (3)	49		17		66


AULC balance, end of period	$	76	$	28	$	104
ACL balance, end of period	$	1,694	$	628	$	2,322
Six-month period ended June 30, 2021:
ALLL balance, beginning of period	$	1,236	$	578	$	1,814

Loan and lease charge-offs (1)	(139)		(58)		(197)
Recoveries of loans and leases previously charged-off	31		40		71
Provision for loan and lease losses (2)	116		(18)		98

Allowance on PCD loans and leases at acquisition	374		58		432
ALLL balance, end of period	$	1,618	$	600	$	2,218
AULC balance, beginning of period	$	34	$	18	$	52

Provision (reduction in allowance) for unfunded lending commitments (3)	43		10		53

Unfunded lending commitment losses	(1)		—		(1)
AULC balance, end of period	$	76	$	28	$	104
ACL balance, end of period	$	1,694	$	628	$	2,322

(1)Loan and lease charge-offs for the three and six-month periods ended June 30, 2021 exclude $80 million of charge-offs recognized upon completion of the TCF acquisition related to required purchase accounting treatment. The initial ALLL recognized on PCD assets included these amounts and after charging these amounts off upon acquisition, the net impact was $432 million of additional ALLL for PCD loans.

(2)Includes $234 million of TCF acquisition initial provision for credit losses related to non-PCD loans and leases.

(3)Includes $60 million from acquired unfunded lending commitments.