LOANS AND LEASES (Tables)

12 Months Ended

Dec. 31, 2017

A summary of the loans and leases portfolio is presented below:



	December 31,
(in millions)	2017		2016
Commercial		$37,562		$37,274
Commercial real estate	11,308		10,624
Leases	3,161		3,753
Total commercial loans and leases	52,031		51,651
Residential mortgages	17,045		15,115
Home equity loans	1,392		1,858
Home equity lines of credit	13,483		14,100
Home equity loans serviced by others	542		750
Home equity lines of credit serviced by others	149		219
Automobile	13,204		13,938
Education⁽¹⁾	8,134		6,610
Credit cards	1,848		1,691
Other retail	2,789		1,737
Total retail loans	58,586		56,018
Total loans and leases ⁽²⁾⁽³⁾		$110,617		$107,669

⁽¹⁾During first quarter 2017, student loans were renamed “education” loans. Refer to Note 1 “Significant Accountant Policies” for more information.

⁽²⁾ Excluded from the table above are loans held for sale totaling $718 million and $625 million as of December 31, 2017 and 2016, respectively.

⁽³⁾Mortgage loans serviced for others by the Company’s subsidiaries are not included above, and amounted to $20.3 billion and $17.3 billion at December 31, 2017 and 2016, respectively.

Schedule of loan purchases and sales

The following tables present balances of loan purchases and sales:



	Year Ended December 31, 2017
(in millions)	Education		Automobile		Residential mortgages		Home equity loans		Commercial		Total
Purchases		$862		$153		$—		$—		$—		$1,015
Sales	—		—		254		29		603		886



	Year Ended December 31, 2016
(in millions)	Education		Automobile		Residential mortgages		Home equity loans		Commercial		Total
Purchases		$1,224		$695		$539		$—		$—		$2,458
Sales	—		—		699		55		147		901

Schedule of investment in leases, before the ALLL

A summary of the investment in leases, before the ALLL, is presented below:



	December 31,
(in millions)	2017		2016
Direct financing leases		$3,122		$3,670
Leveraged leases	39		83
Total leases		$3,161		$3,753

The components of the investment in leases, before the ALLL, are presented below:



	December 31,
(in millions)	2017			2016
Total future minimum lease rentals		$2,347			$2,922
Estimated residual value of leased equipment (non-guaranteed)	1,072			1,166
Initial direct costs	15			20
Unearned income on minimum lease rentals and estimated residual value of leased equipment	(273		)	(355		)
Total leases		$3,161			$3,753

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

The future minimum lease rentals on direct financing and leveraged leases at December 31, 2017 are presented below:



Year	(in millions)
2018		$602
2019	553
2020	399
2021	300
2022	201
Thereafter	292
Total		$2,347