LOANS AND LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of loans and leases

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

(in millions)	March 31, 2019		December 31, 2018
Commercial(1)		$41,497		$40,857
Commercial real estate	13,372		13,023
Leases	2,820		2,903
Total commercial loans and leases	57,689		56,783
Residential mortgages	19,174		18,978
Home equity loans	1,006		1,073
Home equity lines of credit	12,394		12,710
Home equity loans serviced by others	375		399
Home equity lines of credit serviced by others	95		104
Automobile	11,992		12,106
Education	9,274		8,900
Credit cards	1,982		1,991
Other retail	3,634		3,616
Total retail loans(2)	59,926		59,877
Total loans and leases(3)		$117,615		$116,660

⁽¹⁾ SBA loans serviced for others by our subsidiaries are not included above and amounted to $17 million representing the government guaranteed portion of SBA loans sold to outside investors as of March 31, 2019. There were no SBA loans serviced for others as of December 31, 2018.

⁽²⁾ Mortgage loans serviced for others by the Company’s subsidiaries are not included above and amounted to $70.8 billion and $69.6 billion at March 31, 2019 and December 31, 2018, respectively.

⁽³⁾ Excluded from the table above are LHFS totaling $1.3 billion as of March 31, 2019 and December 31, 2018.

Components of net investments in direct finance leases

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

(in millions)	March 31, 2019
Total future minimum lease rentals		$1,955
Estimated residual value of leased equipment (non-guaranteed)	1,082
Initial direct costs	13
Unearned income	(259		)
Total leases		$2,791

Maturity analysis of direct financing lease receivables

A maturity analysis of direct financing lease receivables at March 31, 2019 is presented below:

(in millions)
2019		$439
2020	463
2021	344
2022	263
2023	188
Thereafter	258
Total undiscounted future minimum lease rentals		$1,955