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Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2019

The table below presents information about loans receivable.



	As of

$ in millions		September 2019		December 2018
Corporate loans		$41,463		$37,283
PWM loans		18,331		17,518
Commercial real estate loans		12,662		11,441
Residential real estate loans		5,657		7,284
Consumer loans		5,525		4,536
Other loans		3,520		3,594
Total loans receivable, gross		87,158		81,656
Allowance for loan losses		(1,321	)	(1,066	)
Total loans receivable		$85,837		$80,590

Schedule of Lending Commitment Held for Investment and Accounted for on Accrual Basis

The table below presents information about lending commitments that are held for investment and accounted for on an accrual basis.



	As of

$ in millions		September 2019	December 2018
Corporate		$120,777	$113,484
Credit card		9,596	–
Other		8,687	7,513
Total		$139,060	$120,997

Summary of Purchased Credit Impaired (PCI) Loans

The tables below present information about PCI loans.



	As of

$ in millions		September 2019	December 2018
Commercial real estate loans		$ 433	$ 581
Residential real estate loans		1,516	2,457
Other loans		–	4
Total gross carrying value		$1,949	$3,042
Total outstanding principal balance		$3,603	$5,576
Total accretable yield		$ 244	$ 459



	Three Months Ended September			Nine Months Ended September

$ in millions		2019	2018		2019	2018
Acquired during the period
Fair value		$ –	$287		$ –	$ 585
Expected cash flows		$ –	$327		$ –	$ 655
Contractually required cash flows		$ –	$583		$ –	$1,287

Summary of Other Loans Receivable

The table below presents gross loans receivable (excluding PCI and consumer loans of $7.47 billion as of September 2019 and $7.58 billion as of

December 2018) and lending commitments (excluding credit card commitments of $9.60 billion as of September 2019) by an internally determined public rating agency equivalent and by regulatory risk rating.



$ in millions	Loans	Lending Commitments	Total
Credit Rating Equivalent
As of September 2019
Investment-grade	$28,846	$ 85,152	$113,998
Non-investment-grade	50,838	44,312	95,150
Total	$79,684	$129,464	$209,148
As of December 2018
Investment-grade	$28,290	$ 81,959	$110,249
Non-investment-grade	45,788	39,038	84,826
Total	$74,078	$120,997	$195,075
Regulatory Risk Rating
As of September 2019
Non-criticized/pass	$72,830	$125,988	$198,818
Criticized	6,854	3,476	10,330
Total	$79,684	$129,464	$209,148
As of December 2018
Non-criticized/pass	$70,153	$117,923	$188,076
Criticized	3,925	3,074	6,999
Total	$74,078	$120,997	$195,075

Summary of Consumer Loans by Refreshed FICO Credit Score

The table below presents gross consumer loans receivable and the concentration by refreshed FICO credit score.



	As of

$ in millions		September 2019	December 2018
Consumer loans, gross		$5,525	$4,536
Refreshed FICO credit score
Greater than or equal to 660		87%	88%
Less than 660		13%	12%
Total		100%	100%

Summary of Gross Loans Receivable and Lending Commitment by Impairment Methodology

The table below presents gross loans receivable and lending commitments by impairment methodology.



$ in millions	Specific	Portfolio	PCI	Total
As of September 2019
Loans Receivable
Corporate loans	$1,055	$ 40,408	$ –	$ 41,463
PWM loans	35	18,296	–	18,331
Commercial real estate loans	128	12,101	433	12,662
Residential real estate loans	168	3,973	1,516	5,657
Consumer loans	–	5,525	–	5,525
Other loans	–	3,520	–	3,520
Total	$1,386	$ 83,823	$1,949	$ 87,158
Lending Commitments
Corporate	$ 74	$120,703	$ –	$ 120,777
Credit card	–	9,596	–	9,596
Other	13	8,674	–	8,687
Total	$ 87	$138,973	$ –	$139,060
As of December 2018
Loans Receivable
Corporate loans	$ 358	$ 36,925	$ –	$ 37,283
PWM loans	46	17,472	–	17,518
Commercial real estate loans	9	10,851	581	11,441
Residential real estate loans	425	4,402	2,457	7,284
Consumer loans	–	4,536	–	4,536
Other loans	–	3,590	4	3,594
Total	$ 838	$ 77,776	$3,042	$ 81,656
Lending Commitments
Corporate	$ 31	$113,453	$ –	$113,484
Other	–	7,513	–	7,513
Total	$ 31	$120,966	$ –	$120,997

Summary of Changes in Allowance for Loan Losses and Allowance for Losses on Lending Commitments

The table below presents information about the allowance for credit losses.



	Nine Months Ended September 2019				Year Ended December 2018

$ in millions		Loans Receivable		Lending Commitments		Loans Receivable		Lending Commitments
Changes in the allowance for credit losses
Beginning balance		$1,066		$286		$ 803		$274
Net charge-offs		(329	)	–		(337	)	–
Provision		661		68		654		20
Other		(77	)	–		(54	)	(8	)
Ending balance		$1,321		$354		$ 1,066		$286
Allowance for losses by impairment methodology
Specific		$ 187		$ 14		$ 102		$ 3
Portfolio		1,016		340		848		283
PCI		118		–		116		–
Total		$1,321		$354		$1,066		$286