LOANS AND LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Schedule of loans and leases

The following table presents the composition of loans and leases:

	December 31,
(in millions)	2019		2018
Commercial(1)		$41,479		$40,857
Commercial real estate	13,522		13,023
Leases	2,537		2,903
Total commercial loans and leases	57,538		56,783
Residential mortgages(2)	19,083		18,978
Home equity loans	812		1,073
Home equity lines of credit	11,979		12,710
Home equity loans serviced by others	289		399
Home equity lines of credit serviced by others	74		104
Automobile	12,120		12,106
Education	10,347		8,900
Credit cards	2,198		1,991
Other retail	4,648		3,616
Total retail loans	61,550		59,877
Total loans and leases (3)		$119,088		$116,660

⁽¹⁾ SBA loans the Company services for others of $33 million are not included above. These loans represent the government guaranteed portion of SBA loans sold to outside investors as of December 31, 2019. There were no SBA loans serviced for others as of December 31, 2018.

⁽²⁾ Mortgage loans the Company services for others of $77.5 billion and $69.6 billion at December 31, 2019 and 2018, respectively, are not included above.

⁽³⁾ LHFS totaling $3.3 billion and $1.3 billion at December 31, 2019 and 2018, respectively, are not included above.

The following table presents the composition of LHFS.

	December 31, 2019						December 31, 2018
(in millions)	Residential Mortgages		Commercial		Total		Residential Mortgages		Commercial		Total
Loans held for sale at fair value(1)		$1,778		$168		$1,946		$967		$252		$1,219
Other loans held for sale(2)	1,101		283		1,384		—		101		101

⁽¹⁾ Residential mortgage LHFS at fair value are originated for sale. Commercial LHFS at fair value consist of loans managed by the Company’s commercial secondary loan desk.

⁽²⁾ Residential mortgages other LHFS of $1.1 billion as of December 31, 2019 comprised of two loan portfolio pools of $524 million and $575 million representing loan sales expected to settle in first quarter 2020. Commercial other LHFS generally consist of commercial loans associated with the Company’s syndication business.

Schedule of investment in leases, before the ALLL

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

(in millions)	December 31, 2019
Total future minimum lease rentals		$1,739
Estimated residual value of leased equipment (non-guaranteed)	1,013
Initial direct costs	10
Unearned income	(225		)
Total leases		$2,537

Maturity analysis of direct financing lease receivables

A maturity analysis of direct financing and sales-type lease receivables at December 31, 2019 is presented below:

(in millions)
2020		$496
2021	385
2022	288
2023	220
2024	145
Thereafter	205
Total undiscounted future minimum lease rentals		$1,739