ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2024

Allowance for Credit Losses - Roll-forward

The following tables present ACL activity by portfolio segment.


(dollar amounts in millions)	Commercial		Consumer		Total
Three months ended June 30, 2024
ALLL balance, beginning of period	$	1,589	$	691	$	2,280

Loan and lease charge-offs	(95)		(50)		(145)
Recoveries of loans and leases previously charged-off	38		17		55
Provision for loan and lease losses	55		59		114


ALLL balance, end of period	$	1,587	$	717	$	2,304
AULC balance, beginning of period	$	69	$	66	$	135

Provision (benefit) for unfunded lending commitments	(5)		(11)		(16)


AULC balance, end of period	$	64	$	55	$	119
ACL balance, end of period	$	1,651	$	772	$	2,423
Three months ended June 30, 2023
ALLL balance, beginning of period	$	1,457	$	685	$	2,142

Loan and lease charge-offs	(53)		(39)		(92)
Recoveries of loans and leases previously charged-off	26		17		43
Provision for loan and lease losses	53		31		84


ALLL balance, end of period	$	1,483	$	694	$	2,177
AULC balance, beginning of period	$	75	$	82	$	157

Provision for unfunded lending commitments	3		5		8


AULC balance, end of period	$	78	$	87	$	165
ACL balance, end of period	$	1,561	$	781	$	2,342



(dollar amounts in millions)	Commercial		Consumer		Total
Six months ended June 30, 2024
ALLL balance, beginning of period	$	1,563	$	692	$	2,255

Loan and lease charge-offs	(169)		(104)		(273)
Recoveries of loans and leases previously charged-off	57		34		91
Provision for loan and lease losses	136		95		231


ALLL balance, end of period	$	1,587	$	717	$	2,304
AULC balance, beginning of period	$	66	$	79	$	145

Provision (benefit) for unfunded lending commitments	(2)		(24)		(26)


AULC balance, end of period	$	64	$	55	$	119
ACL balance, end of period	$	1,651	$	772	$	2,423
Six months ended June 30, 2023
ALLL balance, beginning of period	$	1,424	$	697	$	2,121

Loan and lease charge-offs	(105)		(86)		(191)
Recoveries of loans and leases previously charged-off	49		36		85
Provision for loan and lease losses	115		47		162


ALLL balance, end of period	$	1,483	$	694	$	2,177
AULC balance, beginning of period	$	71	$	79	$	150

Provision for unfunded lending commitments	7		8		15


AULC balance, end of period	$	78	$	87	$	165
ACL balance, end of period	$	1,561	$	781	$	2,342