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Fee-Based Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Fee-Based Revenue from Contracts with Customers FEE-BASED REVENUE FROM CONTRACTS WITH CUSTOMERS
As more fully described in Note 24 Fee-based Revenue from Contracts with Customers in our 2020 Form 10-K, a subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606).
Fee-based revenue within the scope of Topic 606 is recognized within our three reportable business segments: Retail Banking, Corporate & Institutional Banking and Asset Management Group. Interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets are outside of the scope of Topic 606.
The following tables present noninterest income within the scope of Topic 606 disaggregated by segment. A description of the fee-based revenue and how it is recognized for each segment’s principal services and products is included in our 2020 Form 10-K.

Retail Banking

Table 84: Retail Banking Noninterest Income Disaggregation
Three months ended
June 30		Six months ended
June 30
In millions2021202020212020
Product
 Debit card fees$164 $120 $302 $249 
 Deposit account fees117 73 225 231 
 Brokerage fees 109 86 211 179 
 Net credit card fees (a)57 39 104 80 
 Merchant services47 23 79 72 
 Other68 52 125 108 
Total in-scope noninterest income by product$562 $393 $1,046 $919 
Reconciliation to total Retail Banking noninterest income
Total in-scope noninterest income $562 $393 $1,046 $919 
Total out-of-scope noninterest income (b)144 192 314 454 
Total Retail Banking noninterest income$706 $585 $1,360 $1,373 
(a)Net credit card fees consists of interchange fees of $146 million and $102 million and credit card reward costs of $89 million and $63 million for the three months ended June 30, 2021 and 2020, respectively. Net credit card fees consists of interchange fees of $266 million and $220 million and credit card reward costs of $162 million and $140 million for the six months ended June 30, 2021 and June 30, 2020, respectively.
(b)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.
Corporate & Institutional Banking

Table 85: Corporate & Institutional Banking Noninterest Income Disaggregation
Three months ended
June 30		Six months ended
June 30
In millions2021202020212020
Product
 Treasury management fees$279 $218 $514 $434 
 Capital markets fees232 187 424 362 
 Commercial mortgage banking activities35 24 66 50 
 Other18 17 47 37 
Total in-scope noninterest income by product$564 $446 $1,051 $883 
Reconciliation to total Corporate & Institutional Banking noninterest income
Total in-scope noninterest income $564 $446 $1,051 $883 
Total out-of-scope noninterest income (a)303 280 623 537 
Total Corporate & Institutional Banking noninterest income$867 $726 $1,674 $1,420 
(a)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.

Treasury Management Fees
Corporate & Institutional Banking provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services and access to online/mobile information management and reporting services. Within Treasury Management, PNC Global Transfers (formerly BBVA Transfer Services, Inc.) provides wholesale money transfer processing capabilities throughout Mexico, Central America, South America and the Caribbean. Treasury management fees are primarily recognized over time as we perform these services.
Asset Management Group

Table 86: Asset Management Group Noninterest Income Disaggregation
Three months ended
June 30		Six months ended
June 30
In millions2021202020212020
Customer Type
 Personal $185 $151 $358 $301 
 Institutional56 48 109 99 
Total in-scope noninterest income by customer type (a)$241 $199 $467 $400 
Reconciliation to Asset Management Group noninterest income
Total in-scope noninterest income $241 $199 $467 $400 
Total out-of-scope noninterest income (b)3 5 6 8 
Total Asset Management Group noninterest income$244 $204 $473 $408 
(a)Amounts include $239 million of Asset Management Fees and $2 million of Brokerage Fees for the three months ended June 30, 2021. Amounts include $465 million of Asset Management Fees and $2 million of Brokerage Fees for the six months ended June 30, 2021. As described in the "Asset Management Services and Brokerage Fees" narrative following this table 86, Brokerage Fees were assumed by the Asset Management Group as a result of the BBVA acquisition and reflect fee revenue for the month ended June 30, 2021.
(b)Out-of-scope noninterest income includes revenue streams that fall under the scope of other accounting and disclosure requirements outside of Topic 606.

Asset Management Services and Brokerage Fees
Asset Management Group provides both personal wealth and institutional asset management services including investment management, custody services, retirement planning, family planning, trust management and retirement plan fiduciary investment services. As a result of the acquisition of BBVA, the Asset Management Group assumed approximately $5.4 billion of brokerage account client assets, resulting in $2 million of brokerage fee revenue, included in the table above for the month ended June 30, 2021. We recognize fee revenue over the term of the customer contract based on the value of assets under management at a point in time.