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Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Allowance for Credit Loss
THREE MONTHS ENDED JUNE 30,
2020
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITDEBT SECURITIES HELD TO MATURITYOTHER FINANCIAL ASSETSTOTAL
Balance at Beginning of Period$147.2  $40.4  $9.5  $1.1  $198.2  
Charge-Offs(0.4) —  —  —  (0.4) 
Recoveries3.0  —  —  —  3.0  
Net Recoveries (Charge-Offs)2.6  —  —  —  2.6  
Provision for Credit Losses(1)
60.4  8.6  (3.0) 0.2  66.2  
Balance at End of Period$210.2  $49.0  $6.5  $1.3  $267.0  
(1) The table excludes a credit provision of $0.2 million for the three months ended June 30, 2020 for corporate debt securities available for sale, which reduced the ending allowance for credit losses balance for corporate debt securities available for sale to zero at June 30, 2020. See further detail in Note 4 — Securities.

SIX MONTHS ENDED JUNE 30,
2020
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITDEBT SECURITIES HELD TO MATURITYOTHER FINANCIAL ASSETSTOTAL
Balance at End of Prior Period$104.5  $19.9  $—  $—  $124.4  
Cumulative Effect Adjustment(2.2) 8.9  6.6  0.4  13.7  
Balance at Beginning of Period102.3  28.8  6.6  0.4  138.1  
Charge-Offs(2.2) —  —  —  (2.2) 
Recoveries4.1  —  —  —  4.1  
Net Recoveries (Charge-Offs)1.9  —  —  —  1.9  
Provision for Credit Losses106.0  20.2  (0.1) 0.9  127.0  
Balance at End of Period$210.2  $49.0  $6.5  $1.3  $267.0  
THREE MONTHS ENDED JUNE 30,
2019
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITTOTAL
Balance at Beginning of Period$114.5  $24.9  $139.4  
Charge-Offs(0.6) —  (0.6) 
Recoveries1.8  —  1.8  
Net Recoveries (Charge-Offs) 1.2  —  1.2  
Provision for Credit Losses(4.9) (1.6) (6.5) 
Balance at End of Period$110.8  $23.3  $134.1  
SIX MONTHS ENDED JUNE 30,
2019
(In Millions)LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDITTOTAL
Balance at Beginning of Period$112.6  $25.6  $138.2  
Charge-Offs(1.6) —  (1.6) 
Recoveries4.0  —  4.0  
Net Recoveries (Charge-Offs)2.4  —  2.4  
Provision for Credit Losses(4.2) (2.3) (6.5) 
Balance at End of Period$110.8  $23.3  $134.1  
The following table provides information regarding changes in the total allowance for credit losses, including undrawn loan commitments and standby letters of credit, by segment during the three and six months ended June 30, 2020 and 2019.
TABLE 54: CHANGES IN THE ALLOWANCE FOR CREDIT LOSSES RELATED TO LOANS AND LEASES
THREE MONTHS ENDED JUNE 30,
2020
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$94.7  $52.5  $147.2  $38.8  $1.6  $40.4  
Charge-Offs—  (0.4) (0.4) —  —  —  
Recoveries1.3  1.7  3.0  —  —  —  
Net Recoveries (Charge-Offs)1.3  1.3  2.6  —  —  —  
Provision for Credit Losses66.8  (6.4) 60.4  7.3  1.3  8.6  
Balance at End of Period$162.8  $47.4  $210.2  $46.1  $2.9  $49.0  
SIX MONTHS ENDED JUNE 30,
2020
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at End of Prior Period$58.1  $46.4  $104.5  $15.8  $4.1  $19.9  
Cumulative Effect Adjustment(5.9) 3.7  (2.2) 11.9  (3.0) 8.9  
Balance at Beginning of Period52.2  50.1  102.3  27.7  1.1  28.8  
Charge-Offs(0.1) (2.1) (2.2) —  —  —  
Recoveries2.0  2.1  4.1  —  —  —  
Net Recoveries (Charge-Offs) 1.9  —  1.9  —  —  —  
Provision for Credit Losses108.7  (2.7) 106.0  18.4  1.8  20.2  
Balance at End of Period$162.8  $47.4  $210.2  $46.1  $2.9  $49.0  
THREE MONTHS ENDED JUNE 30,
2019
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$58.1  $56.4  $114.5  $20.5  $4.4  $24.9  
Charge-Offs—  (0.6) (0.6) —  —  —  
Recoveries0.3  1.5  1.8  —  —  —  
Net Recoveries (Charge-Offs)0.3  0.9  1.2  —  —  —  
Provision for Credit Losses1.5  (6.4) (4.9) (2.0) 0.4  (1.6) 
Balance at End of Period$59.9  $50.9  $110.8  $18.5  $4.8  $23.3  
SIX MONTHS ENDED JUNE 30,
2019
LOANS AND LEASESUNDRAWN LOAN COMMITMENTS AND STANDBY LETTERS OF CREDIT
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Balance at Beginning of Period$57.6  $55.0  $112.6  $21.1  $4.5  $25.6  
Charge-Offs(0.1) (1.5) (1.6) —  —  —  
Recoveries0.7  3.3  4.0  —  —  —  
Net Recoveries (Charge-Offs)0.6  1.8  2.4  —  —  —  
Provision for Credit Losses1.7  (5.9) (4.2) (2.6) 0.3  (2.3) 
Balance at End of Period$59.9  $50.9  $110.8  $18.5  $4.8  $23.3  
The following table provides information regarding the recorded investments in loans and leases and the allowance for credit losses for loans and leases and undrawn loan commitments and standby letters of credit by segment as of June 30, 2020 and December 31, 2019.
TABLE 55: RECORDED INVESTMENTS IN LOANS AND LEASES
JUNE 30, 2020DECEMBER 31, 2019
(In Millions)COMMERCIALPERSONALTOTALCOMMERCIALPERSONALTOTAL
Loans and Leases
Evaluated on an Individual Level$34.3  $64.2  $98.5  $10.4  $81.8  $92.2  
Evaluated on a Collective Level15,735.5  17,923.3  33,658.8  13,990.9  17,326.5  31,317.4  
Total Loans and Leases15,769.8  17,987.5  33,757.3  14,001.3  17,408.3  31,409.6  
Allowance for Credit Losses on Credit Exposures
Evaluated on an Individual Level8.6  0.1  8.7  3.4  1.6  5.0  
Evaluated on a Collective Level154.2  47.3  201.5  54.7  44.8  99.5  
Allowance Assigned to Loans and Leases162.8  47.4  210.2  58.1  46.4  104.5  
Allowance for Undrawn Loan Commitments and Standby Letters of Credit
Evaluated on an Individual Level2.5  —  2.5  1.9  —  1.9  
Evaluated on a Collective Level43.6  2.9  46.5  13.9  4.1  18.0  
Allowance Assigned to Undrawn Loan Commitments and Standby Letters of Credit46.1  2.9  49.0  15.8  4.1  19.9  
Total Allowance Assigned to Loans and Leases and Undrawn Loan Commitments and Standby Letters of Credit$208.9  $50.3  $259.2  $73.9  $50.5  $124.4  
Schedule of Accrued Liabilities
The following table provides the amount of accrued interest excluded from the amortized cost basis of the following portfolios.
TABLE 52: ACCRUED INTEREST
(In Millions)JUNE 30, 2020DECEMBER 31, 2019
Loans and Leases$59.0  $84.5  
Debt Securities
Held to Maturity$70.6  $82.3  
Available for Sale104.5  119.0  
Other Financial Assets$2.0  $14.7  
The following table provides amounts of accrued interest reversed through interest income by segment for the loan and lease portfolio.
TABLE 53: ACCRUED INTEREST REVERSED THROUGH INCOME
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
(In Millions)20202020
Commercial$0.5  $1.0  
Personal0.6  $1.4  
Total Loans and Leases$1.1  $2.4  
Debt Securities, Held-to-maturity, Allowance for Credit Loss
THREE MONTHS ENDED JUNE 30,
2020
(In Millions)CORPORATE DEBTNON-U.S. GOVERNMENTSUB-SOVEREIGN, SUPERNATIONAL, AND NON-U.S. AGENCY BONDSCERTIFICATE OF DEPOSITSCOVERED BONDSOTHERTOTAL
Balance at Beginning of Period$2.7  $0.4  $1.3  $0.2  $0.1  $4.8  $9.5  
Provision for Credit Losses(2.2) —  (0.6) (0.2) (0.1) 0.1  (3.0) 
Balance at End of Period$0.5  $0.4  $0.7  $—  $—  $4.9  $6.5  
SIX MONTHS ENDED JUNE 30,
2020
(In Millions)CORPORATE DEBTNON-U.S. GOVERNMENTSUB-SOVEREIGN, SUPERNATIONAL, AND NON-U.S. AGENCY BONDSOTHERTOTAL
Balance at End of Prior Period$—  $—  $—  $—  $—  
Cumulative Effect Adjustment0.8  0.3  0.9  4.6  6.6  
Balance at Beginning of Period0.8  0.3  0.9  4.6  6.6  
Provision for Credit Losses(0.3) 0.1  (0.2) 0.3  (0.1) 
Balance at End of Period$0.5  $0.4  $0.7  $4.9  $6.5