Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2023

The ACL activity for loans and leases, unfunded commitments and investment securities is summarized in the following tables.

ACL for Loans and Leases


dollars in millions	Three Months Ended June 30, 2023								Six Months Ended June 30, 2023
	Commercial		Consumer		SVB		Total		Commercial		Consumer		SVB		Total
Balance at beginning of period	$	800	$	143	$	662	$	1,605	$	789	$	133	$	—	$	922
Initial PCD ACL	—		—		20		20		—		—		220		220
Day 2 provision for loans and leases	—		—		—		—		—		—		462		462
Provision (benefit) for credit losses - loans and leases	172		16		(19)		169		230		29		(19)		240
Total provision (benefit) for credit losses- loans and leases	172		16		(19)		169		230		29		443		702
Charge-offs	(69)		(6)		(101)		(176)		(124)		(13)		(101)		(238)
Recoveries	12		3		4		19		20		7		4		31

Balance at June 30, 2023	$	915	$	156	$	566	$	1,637	$	915	$	156	$	566	$	1,637

	Three Months Ended June 30, 2022								Six Months Ended June 30, 2022
	Commercial		Consumer		SVB		Total		Commercial		Consumer		SVB		Total
Balance at beginning of period	$	743	$	105	$	—	$	848	$	80	$	98	$	—	$	178
Initial PCD ACL	(12)		—		—		(12)		258		14		—		272
Day 2 provision for loans and leases	—		—		—		—		432		22		—		454
Provision (benefit) for credit losses - loans and leases	33		3		—		36		10		(27)		—		(17)
Total provision (benefit) for credit losses- loans and leases	33		3		—		36		442		(5)		—		437
Charge-offs	(36)		(5)		—		(41)		(64)		(10)		—		(74)
Recoveries	12		7		—		19		24		13		—		37
Balance at June 30, 2022	$	740	$	110	$	—	$	850	$	740	$	110	$	—	$	850

ACL for Unfunded Commitments


dollars in millions	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Beginning balance	$	352	$	75	$	106	$	12
Day 2 provision for unfunded commitments	—		—		254		59
(Benefit) provision for unfunded commitments	(17)		6		(25)		10
Total (benefit) provision for credit losses - unfunded commitments	(17)		6		229		69
Ending balance	$	335	$	81	$	335	$	81

ACL for Investment Securities


dollars in millions	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Beginning balance	$	4	$	—	$	—	$	—
(Benefit) provision for credit losses - investment securities available for sale	(1)		—		3		—
Ending balance	$	3	$	—	$	3	$	—