LOANS AND LEASES (Tables)

12 Months Ended

Dec. 31, 2018

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



	December 31,
(in millions)	2018		2017
Commercial		$40,857		$37,562
Commercial real estate	13,023		11,308
Leases	2,903		3,161
Total commercial loans and leases	56,783		52,031
Residential mortgages	18,978		17,045
Home equity loans	1,073		1,392
Home equity lines of credit	12,710		13,483
Home equity loans serviced by others	399		542
Home equity lines of credit serviced by others	104		149
Automobile	12,106		13,204
Education	8,900		8,134
Credit cards	1,991		1,848
Other retail	3,616		2,789
Total retail loans	59,877		58,586
Total loans and leases ⁽¹⁾⁽²⁾		$116,660		$110,617

⁽¹⁾ Excluded from the table above are loans held for sale totaling $1.3 billion and $718 million as of December 31, 2018 and 2017, respectively.

⁽²⁾Mortgage loans serviced for others by the Company’s subsidiaries are not included above, and amounted to $69.6 billion and $20.3 billion at December 31, 2018 and 2017, respectively.

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)	2018		2017
Direct financing leases		$2,863		$3,122
Leveraged leases	40		39
Total leases		$2,903		$3,161

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



	December 31,
(in millions)	2018			2017
Total future minimum lease rentals		$2,075			$2,347
Estimated residual value of leased equipment (non-guaranteed)	1,091			1,072
Initial direct costs	13			15
Unearned income on minimum lease rentals and estimated residual value of leased equipment	(276		)	(273		)
Total leases		$2,903			$3,161

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, 2018 are presented below:



Year	(in millions)
2019		$589
2020	461
2021	340
2022	258
2023	180
Thereafter	247
Total		$2,075