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LOANS AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Schedule of loans and leases
A summary of the loans and leases portfolio follows:
 
December 31,
(in millions)
2014

 
2013

Commercial

$31,431

 

$28,667

Commercial real estate
7,809

 
6,948

Leases
3,986

 
3,780

Total commercial
43,226

 
39,395

Residential mortgages
11,832

 
9,726

Home equity loans
3,424

 
4,301

Home equity lines of credit
15,423

 
15,667

Home equity loans serviced by others (1)
1,228

 
1,492

Home equity lines of credit serviced by others (1)
550

 
679

Automobile
12,706

 
9,397

Student
2,256

 
2,208

Credit cards
1,693

 
1,691

Other retail
1,072

 
1,303

Total retail
50,184

 
46,464

Total loans and leases (2) (3)

$93,410

 

$85,859


(1) The Company's SBO portfolio consists of home equity loans and lines that were originally serviced by others. The Company now services a portion of this portfolio internally.

(2) Excluded from the table above are loans held for sale totaling $281 million as of December 31, 2014 and $1.3 billion as of December 31, 2013. The December 31, 2013 loans held for sale balance primarily related to the Chicago Divestiture. For further discussion, see Note 17 “Divestitures and Branch Assets and Liabilities Held for Sale.”

(3) Mortgage loans serviced for others by the Company's subsidiaries are not included above, and amounted to $17.9 billion and $18.7 billion at December 31, 2014 and 2013, respectively.
Schedule of commercial financing receivables
A summary of the investment in leases, before the allowance for lease losses, is as follows:
 
December 31,
(in millions)
2014

 
2013

Direct financing leases

$3,873

 

$3,668

Leveraged leases
113

 
112

Total leases

$3,986

 

$3,780


The components of the investment in leases, before the allowance for lease losses, are as follows:
 
December 31,
(in millions)
2014

 
2013

Total future minimum lease rentals

$3,324

 

$3,252

Estimated residual value of leased equipment (non-guaranteed)
1,059

 
968

Initial direct costs
22

 
20

Unearned income on minimum lease rentals and estimated residual value of leased equipment
(419
)
 
(460
)
Total leases

$3,986

 

$3,780
Schedule of future minimum rental payments receivable
At December 31, 2014, the future minimum lease rentals on direct financing and leveraged leases are as follows:
Year Ended December 31,
(in millions)

2015

$699

2016
615

2017
497

2018
444

2019
347

Thereafter
722

Total

$3,324