LOANS AND LEASES (Tables)

12 Months Ended

Dec. 31, 2015

A summary of the loans and leases portfolio follows:



	December 31,
(in millions)	2015		2014
Commercial		$33,264		$31,431
Commercial real estate	8,971		7,809
Leases	3,979		3,986
Total commercial	46,214		43,226
Residential mortgages	13,318		11,832
Home equity loans	2,557		3,424
Home equity lines of credit	14,674		15,423
Home equity loans serviced by others ⁽¹⁾	986		1,228
Home equity lines of credit serviced by others ⁽¹⁾	389		550
Automobile	13,828		12,706
Student	4,359		2,256
Credit cards	1,634		1,693
Other retail	1,083		1,072
Total retail	52,828		50,184
Total loans and leases ^{(2) (3)}		$99,042		$93,410

⁽¹⁾ The Company’s SBO portfolio consists of purchased 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 $365 million and $281 million as of December 31, 2015 and 2014, respectively.

⁽³⁾Mortgage loans serviced for others by the Company’s subsidiaries are not included above, and amounted to $17.6 billion and $17.9 billion at December 31, 2015 and 2014, respectively.

Schedule of investment in leases, before the ALLL

A summary of the investment in leases, before the ALLL, is as follows:



	December 31,
(in millions)	2015		2014
Direct financing leases		$3,898		$3,873
Leveraged leases	81		113
Total leases		$3,979		$3,986

The components of the investment in leases, before the ALLL, are as follows:



	December 31,
(in millions)	2015			2014
Total future minimum lease rentals		$3,195			$3,324
Estimated residual value of leased equipment (non-guaranteed)	1,157			1,059
Initial direct costs	22			22
Unearned income on minimum lease rentals and estimated residual value of leased equipment	(395		)	(419		)
Total leases		$3,979			$3,986

Schedule of future minimum lease rentals on direct financing and leveraged leases

At December 31, 2015, the future minimum lease rentals on direct financing and leveraged leases are as follows:



Year Ended December 31,	(in millions)
2016		$707
2017	588
2018	528
2019	445
2020	327
Thereafter	600
Total		$3,195