LOANS AND LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Schedule of loans and leases

The Company’s loans and leases are disclosed in portfolio segments and classes as reflected below.

(in millions)	June 30, 2019		December 31, 2018
Commercial(1)		$41,156		$40,857
Commercial real estate	13,123		13,023
Leases	2,684		2,903
Total commercial loans and leases	56,963		56,783
Residential mortgages	19,192		18,978
Home equity loans	938		1,073
Home equity lines of credit	12,266		12,710
Home equity loans serviced by others	348		399
Home equity lines of credit serviced by others	88		104
Automobile	12,000		12,106
Education	9,305		8,900
Credit cards	2,046		1,991
Other retail	3,692		3,616
Total retail loans(2)	59,875		59,877
Total loans and leases(3)		$116,838		$116,660

⁽¹⁾ SBA loans we service for others of $18 million are not included above. These loans represent the government guaranteed portion of SBA loans sold to outside investors as of June 30, 2019. There were no SBA loans we serviced for others at December 31, 2018.

⁽²⁾ Mortgage loans we service for others of $72.5 billion and $69.6 billion at June 30, 2019 and December 31, 2018, respectively, are not included above.

⁽³⁾  LHFS totaling $2.2 billion and $1.3 billion at June 30, 2019 and December 31, 2018, respectively, are not included above.

The following table shows the composition of LHFS.

	June 30, 2019						December 31, 2018
(in millions)	Residential Mortgages(1)		Commercial(2)		Total		Residential Mortgages(1)		Commercial(2)		Total
Loans held for sale at fair value		$1,615		$135		$1,750		$967		$252		$1,219
Other loans held for sale	—		455		455		—		101		101

⁽¹⁾ Originated for sale.

⁽²⁾ LHFS at fair value consist of loans managed by the Company’s commercial secondary loan desk. Other LHFS consist of commercial loans associated with the Company’s syndication business.

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)	June 30, 2019
Total future minimum lease rentals		$1,823
Estimated residual value of leased equipment (non-guaranteed)	1,071
Initial direct costs	12
Unearned income	(244		)
Total leases		$2,662

Maturity analysis of direct financing lease receivables

A maturity analysis of direct financing lease receivables at June 30, 2019 is presented below:

(in millions)
2019		$290
2020	458
2021	345
2022	266
2023	191
Thereafter	273
Total undiscounted future minimum lease rentals		$1,823