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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2025
Credit Loss [Abstract]  
Forecasted Key Macroeconomic Variables Used in Estimating Lifetime ECL
The following table presents the forecasted key macroeconomic variables in our Central scenarios used for estimating lifetime ECL at September 30, 2025, June 30, 2025 and December 31, 2024:
For the Quarter Ended
December 31, 2025
June 30, 2026
December 31, 2026
Unemployment rate (quarterly average):
Forecast at September 30, 20254.5 %4.6 %4.4 %
Forecast at June 30, 20254.6 4.6 4.5 
Forecast at December 31, 20244.4 4.3 4.3 
GDP growth rate (year-over-year):
Forecast at September 30, 20251.1 1.3 1.8 
Forecast at June 30, 20251.1 1.6 1.6 
Forecast at December 31, 20241.8 1.6 1.6 
Summary of Allowance for Credit Losses and Liability for Off-balance Sheet Credit Exposures The following table summarizes our allowance for credit losses and the liability for off-balance sheet credit exposures:
September 30, 2025December 31, 2024
 (in millions)
Allowance for credit losses:
Loans$525 $537 
Securities held-to-maturity(1)
— — 
Other financial assets measured at amortized cost(2)
— — 
Securities available-for-sale(1)
— — 
Total allowance for credit losses$525 $537 
Liability for off-balance sheet credit exposures$128 $139 
(1)See Note 3, "Securities," for additional information regarding the allowance for credit losses associated with our security portfolios.
(2)Primarily includes accrued interest receivables and customer acceptances.
Summary of Changes in the Allowance for Credit Losses by Product Line
The following table summarizes the changes in the allowance for credit losses on loans by product or line of business during the three and nine months ended September 30, 2025 and 2024:
 Commercial LoansConsumer Loans 
Real Estate, including Construction
Business
and Corporate Banking(1)
Other
Comm'l		Residential
Mortgages		Home
Equity
Mortgages		Credit
Cards		Other
Consumer		Total Loans
 (in millions)
Three Months Ended September 30, 2025
Allowance for credit losses – beginning of period
$180 $430 $1 $(17)$5 $12 $3 $614 
Provision charged (credited) to income(5)(51)(1)3 — — — (54)
Charge-offs(2)(37)— (1)— (1)— (41)
Recoveries1 3 — 1 — 1 — 6 
Net (charge-offs) recoveries(1)(34)— — — — — (35)
Allowance for credit losses – end of period
$174 $345 $— $(14)$5 $12 $3 $525 
Three Months Ended September 30, 2024
Allowance for credit losses – beginning of period
$145 $421 $1 $(7)$7 $13 $3 $583 
Provision charged (credited) to income17 (48)— (2)1 1 1 (30)
Charge-offs— (5)— — — (2)(1)(8)
Recoveries— — — 1 — 1 — 2 
Net (charge-offs) recoveries— (5)— 1 — (1)(1)(6)
Allowance for credit losses – end of period
$162 $368 $1 $(8)$8 $13 $3 $547 
Nine Months Ended September 30, 2025
Allowance for credit losses – beginning of period
$144 $381 $1 $(12)$6 $13 $4 $537 
Provision charged (credited) to income58 37 (1)(5)(2)1 (1)87 
Charge-offs(29)(77)— (1)— (5)— (112)
Recoveries1 4 — 4 1 3 — 13 
Net (charge-offs) recoveries(28)(73)— 3 1 (2)— (99)
Allowance for credit losses – end of period
$174 $345 $— $(14)$5 $12 $3 $525 
Nine Months Ended September 30, 2024
Allowance for credit losses – beginning of period
$144 $429 $1 $(9)$7 $16 $3 $591 
Provision charged (credited) to income18 (5)— (2)— — 1 12 
Charge-offs— (57)— — — (6)(1)(64)
Recoveries— 1 — 3 1 3 — 8 
Net (charge-offs) recoveries— (56)— 3 1 (3)(1)(56)
Allowance for credit losses – end of period
$162 $368 $1 $(8)$8 $13 $3 $547 
(1)In connection with changes to our business segments as discussed further in Note 13, "Business Segments," during the first quarter of 2025, we changed our presentation for what was previously reported as global banking to include such activity within business and corporate banking. As a result, we have reclassified prior year amounts to conform to the current year presentation.
Summary of Changes in the Liability for Off-balance Sheet Credit Exposures
The following table summarizes the changes in the liability for off-balance sheet credit exposures during the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
 (in millions)
Balance at beginning of period$158 $118 $139 $111 
Provision charged (credited) to income(30)17 (11)24 
Balance at end of period$128 $135 $128 $135 
Summary of Accrued Interest Receivables The following table summarizes accrued interest receivables associated with financial assets carried at amortized cost and securities available-for-sale along with the related allowance for credit losses, which are reported net in other assets on the consolidated balance sheet. These accrued interest receivables are excluded from the amortized cost basis disclosures presented elsewhere in these financial statements, including Note 3, "Securities," and Note 4, "Loans."
September 30, 2025December 31, 2024
 (in millions)
Accrued interest receivables:
Loans$255 $249 
Securities held-to-maturity72 67 
Other financial assets measured at amortized cost43 25 
Securities available-for-sale168 117 
Total accrued interest receivables538 458 
Allowance for credit losses — — 
Accrued interest receivables, net$538 $458