Loans (Tables)

12 Months Ended

Dec. 31, 2016

Loan Portfolio Composition and Aging Analysis

The table below presents the composition and an aging analysis of our loans held for investment portfolio as of December 31, 2016 and 2015. The delinquency aging includes all past due loans, both performing and nonperforming.

Table 4.1: Loan Portfolio Composition and Aging Analysis



	December 31, 2016
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans			PCI Loans		Total Loans
Credit Card:
Domestic credit card⁽¹⁾	$	93,279	$	1,153	$	846	$	1,840	$	3,839		$	2	$	97,120
International credit card	8,115		124		72		121		317			0		8,432
Total credit card	101,394		1,277		918		1,961		4,156			2		105,552
Consumer Banking:
Auto	44,762		2,041		890		223		3,154			0		47,916
Home loan	6,951		44		20		141		205			14,428		21,584
Retail banking	3,477		22		7		20		49			28		3,554
Total consumer banking	55,190		2,107		917		384		3,408			14,456		73,054
Commercial Banking:
Commercial and multifamily real estate	26,536		45		0		0		45			28		26,609
Commercial and industrial	38,831		27		84		297		408			585		39,824
Total commercial lending	65,367		72		84		297		453			613		66,433
Small-ticket commercial real estate	473		7		1		2		10			0		483
Total commercial banking	65,840		79		85		299		463			613		66,916
Other loans	56		3		0		5		8			0		64
Total loans⁽²⁾	$	222,480	$	3,466	$	1,920	$	2,649	$	8,035		$	15,071	$	245,586
% of Total loans	90.59%		1.41%		0.78%		1.08%		3.27		%	6.14%		100.00		%



	December 31, 2015
(Dollars in millions)	Current		30-59 Days		60-89 Days		> 90 Days		Total Delinquent Loans			PCI Loans		Total Loans
Credit Card:
Domestic credit card	$	84,954	$	906	$	658	$	1,421	$	2,985		$	0	$	87,939
International credit card	7,903		110		67		106		283			0		8,186
Total credit card	92,857		1,016		725		1,527		3,268			0		96,125
Consumer Banking:
Auto	38,549		1,901		880		219		3,000			0		41,549
Home loan	6,465		41		18		176		235			18,527		25,227
Retail banking	3,514		21		8		20		49			33		3,596
Total consumer banking	48,528		1,963		906		415		3,284			18,560		70,372
Commercial Banking:
Commercial and multifamily real estate	25,449		34		0		4		38			31		25,518
Commercial and industrial	35,920		51		34		203		288			927		37,135
Total commercial lending	61,369		85		34		207		326			958		62,653
Small-ticket commercial real estate	607		3		1		2		6			0		613
Total commercial banking	61,976		88		35		209		332			958		63,266
Other loans	77		2		2		7		11			0		88
Total loans⁽¹⁾	$	203,438	$	3,069	$	1,668	$	2,158	$	6,895		$	19,518	$	229,851
% of Total loans	88.51%		1.33%		0.73%		0.94%		3.00		%	8.49%		100.00		%

__________


⁽¹⁾	Loans (other than PCI loans) include unearned income, unamortized premiums and discounts, and unamortized deferred fees and costs totaling $558 million and $499 million as of December 31, 2016 and 2015, respectively.

90 Plus Day Delinquent Loans Accruing Interest and Nonperforming Loans

The following table presents the outstanding balance of loans 90 days or more past due that continue to accrue interest and loans classified as nonperforming as of December 31, 2016 and 2015.

Table 4.2: 90+ Day Delinquent Loans Accruing Interest and Nonperforming Loans⁽¹⁾



	December 31, 2016				December 31, 2015
(Dollars in millions)	> 90 Days and Accruing		Nonperforming Loans		> 90 Days and Accruing		Nonperforming Loans
Credit Card:
Domestic credit card	$	1,840	N/A		$	1,421	N/A
International credit card	96		$	42	79		$	53
Total credit card	1,936		42		1,500		53
Consumer Banking:
Auto	0		223		0		219
Home loan	0		273		0		311
Retail banking	0		31		0		28
Total consumer banking	0		527		0		558



	December 31, 2016				December 31, 2015
(Dollars in millions)	> 90 Days and Accruing		Nonperforming Loans		> 90 Days and Accruing		Nonperforming Loans
Commercial Banking:
Commercial and multifamily real estate	$	0	$	30	$	0	$	7
Commercial and industrial	0		988		5		538
Total commercial lending	0		1,018		5		545
Small-ticket commercial real estate	0		4		0		5
Total commercial banking	0		1,022		5		550
Other loans	0		8		0		9
Total	$	1,936	$	1,599	$	1,505	$	1,170
% of Total loans	0.79%		0.65%		0.65%		0.51%

__________


⁽¹⁾	Nonperforming loans generally include loans that have been placed on nonaccrual status. PCI loans are excluded from loans reported as 90 days or more past due and accruing interest as well as nonperforming loans. See “Note 1—Summary of Significant Accounting Policies” for additional information on our policies for nonperforming loans.

Loans and Leases Receivable Disclosure [Line Items]

Individually Impaired Loans, Excluding Acquired Loans

The following table presents information about our impaired loans, excluding PCI loans, which are reported separately as of December 31, 2016, and 2015, and for the years ended December 31, 2016, 2015 and 2014:

Table 4.9: Impaired Loans⁽¹⁾



	December 31, 2016
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance
Credit Card:
Domestic credit card	$	581	$	0	$	581	$	174	$	407	$	566
International credit card	134		0		134		65		69		129
Total credit card⁽²⁾	715		0		715		239		476		695
Consumer Banking:
Auto⁽³⁾	316		207		523		24		499		807
Home loan	241		117		358		19		339		464
Retail banking	52		10		62		14		48		65
Total consumer banking	609		334		943		57		886		1,336
Commercial Banking:
Commercial and multifamily real estate	83		29		112		7		105		112
Commercial and industrial	1,249		144		1,393		162		1,231		1,444
Total commercial lending	1,332		173		1,505		169		1,336		1,556
Small-ticket commercial real estate	4		0		4		0		4		4
Total commercial banking	1,336		173		1,509		169		1,340		1,560
Total	$	2,660	$	507	$	3,167	$	465	$	2,702	$	3,591



	December 31, 2015
(Dollars in millions)	With an Allowance		Without an Allowance		Total Recorded Investment		Related Allowance		Net Recorded Investment		Unpaid Principal Balance
Credit Card:
Domestic credit card	$	541	$	0	$	541	$	150	$	391	$	526
International credit card	125		0		125		59		66		121
Total credit card⁽²⁾	666		0		666		209		457		647
Consumer Banking:
Auto⁽³⁾	273		215		488		22		466		772
Home loan	229		136		365		18		347		456
Retail banking	51		10		61		14		47		62
Total consumer banking	553		361		914		54		860		1,290
Commercial Banking:
Commercial and multifamily real estate	82		3		85		11		74		88
Commercial and industrial	515		278		793		75		718		862
Total commercial lending	597		281		878		86		792		950
Small-ticket commercial real estate	6		0		6		0		6		7
Total commercial banking	603		281		884		86		798		957
Total	$	1,822	$	642	$	2,464	$	349	$	2,115	$	2,894



	Year Ended December 31,
	2016				2015				2014
(Dollars in millions)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Credit Card:
Domestic credit card	$	540	$	58	$	539	$	57	$	571	$	58
International credit card	133		10		135		10		160		11
Total credit card⁽²⁾	673		68		674		67		731		69
Consumer Banking:
Auto⁽³⁾	501		86		462		82		387		72
Home loan	361		5		364		4		388		5
Retail banking	62		2		56		2		69		2
Total consumer banking	924		93		882		88		844		79
Commercial Banking:
Commercial and multifamily real estate	111		3		109		3		175		6
Commercial and industrial	1,215		13		466		5		185		4
Total commercial lending	1,326		16		575		8		360		10
Small-ticket commercial real estate	7		0		7		0		8		0
Total commercial banking	1,333		16		582		8		368		10
Total	$	2,930	$	177	$	2,138	$	163	$	1,943	$	158

__________

⁽¹⁾

Impaired loans include loans modified in troubled debt restructurings (“TDRs”), all nonperforming commercial loans and nonperforming home loans with a specific impairment. Impaired loans without an allowance generally represent loans that have been charged down to the fair value of the underlying collateral for which we believe no additional losses have been incurred, or where the fair value of the underlying collateral meets or exceeds the loan’s amortized cost.


⁽²⁾	The period-end and average recorded investments of credit card loans include finance charges and fees.


⁽³⁾	Although assets from loan recovery inventory are not reported in our loans held for investment, they are included as impaired loans above since they are reported as TDRs.

TDR Disclosures in Progress Financial Impact of Modification

The following tables present the major modification types, recorded investment amounts and financial effects of loans modified in TDRs during the years ended December 31, 2016, 2015 and 2014:

Table 4.10: Troubled Debt Restructurings



	Total Loans Modified⁽¹⁾⁽²⁾		Year Ended December 31, 2016
			Reduced Interest Rate		Term Extension		Balance Reduction
(Dollars in millions)			% of TDR Activity⁽³⁾⁽⁴⁾	Average Rate Reduction⁽⁵⁾	% of TDR Activity⁽⁴⁾⁽⁶⁾	Average Term Extension (Months)⁽⁷⁾	% of TDR Activity⁽⁴⁾⁽⁸⁾	Gross Balance Reduction⁽⁹⁾
Credit Card:
Domestic credit card	$	312	100%	13.19%	0%	0	0%	$	0
International credit card	138		100	25.87	0	0	0	0
Total credit card	450		100	17.09	0	0	0	0
Consumer Banking:
Auto	356		44	3.91	74	7	25	78
Home loan	48		64	2.25	87	243	2	0
Retail banking	18		23	7.89	68	10	9	1
Total consumer banking	422		46	3.73	75	38	22	79
Commercial Banking:
Commercial and multifamily real estate	38		0	0.00	67	6	32	3
Commercial and industrial	743		5	0.09	57	20	7	26
Total commercial lending	781		4	0.09	57	19	8	29
Small-ticket commercial real estate	1		0	0.00	0	0	0	0
Total commercial banking	782		4	0.09	57	19	8	29
Total	$	1,654	41	12.42	46	27	9	$	108



	Total Loans Modified⁽¹⁾⁽²⁾		Year Ended December 31, 2015
			Reduced Interest Rate		Term Extension		Balance Reduction
(Dollars in millions)			% of TDR Activity⁽³⁾⁽⁴⁾	Average Rate Reduction⁽⁵⁾	% of TDR Activity⁽⁴⁾⁽⁶⁾	Average Term Extension (Months)⁽⁷⁾	% of TDR Activity⁽⁴⁾⁽⁸⁾	Gross Balance Reduction⁽⁹⁾
Credit Card:
Domestic credit card	$	293	100%	12.28%	0%	0	0%	$	0
International credit card	121		100	25.88	0	0	0	0
Total credit card	414		100	16.26	0	0	0	0
Consumer Banking:
Auto	347		41	3.49	69	8	30	93
Home loan	48		61	2.70	79	231	7	0
Retail banking	24		18	6.88	87	6	0	0
Total consumer banking	419		42	3.44	71	36	26	93
Commercial Banking:
Commercial and multifamily real estate	12		0	0.00	86	14	18	1
Commercial and industrial	249		0	0.67	34	7	0	0
Total commercial lending	261		0	0.67	36	8	1	1
Small-ticket commercial real estate	1		0	0.00	0	0	0	0
Total commercial banking	262		0	0.67	36	8	1	1
Total	$	1,095	54	12.42	36	29	10	$	94



	Total Loans Modified⁽¹⁾⁽²⁾		Year Ended December 31, 2014
			Reduced Interest Rate		Term Extension			Balance Reduction
(Dollars in millions)			% of TDR Activity⁽³⁾⁽⁴⁾	Average Rate Reduction⁽⁵⁾	% of TDR Activity⁽⁴⁾⁽⁶⁾		Average Term Extension (Months)⁽⁷⁾	% of TDR Activity⁽⁴⁾⁽⁸⁾	Gross Balance Reduction⁽⁹⁾
Credit Card:
Domestic credit card	$	269	100%	11.59%	0	%	0	0%	$	0
International credit card	149		100	25.39	0		0	0	0
Total credit card	418		100	16.51	0		0	0	0
Consumer Banking:
Auto	334		39	1.38	65		9	34	102
Home loan	35		31	2.60	38		152	5	1
Retail banking	11		10	4.21	67		9	0	0
Total consumer banking	380		37	1.50	63		17	30	103
Commercial Banking:
Commercial and multifamily real estate	72		35	1.31	93		8	6	2
Commercial and industrial	101		3	1.66	62		9	1	1
Total commercial lending	173		17	1.35	75		9	3	3
Small-ticket commercial real estate	2		0	0.00	0		0	0	0
Total commercial banking	175		17	1.35	74		9	3	3
Total	$	973	60	12.17	38		14	12	$	106

__________


⁽¹⁾	Represents the recorded investment of total loans modified in TDRs at the end of the quarter in which they were modified, excluding an immaterial amount of accrued interest receivable.


⁽²⁾	We present the modification types utilized most prevalently across our loan portfolios. As not every modification type is included in the table above, the total % of TDR activity may not add up to 100%. Some loans may receive more than one type of concession as part of the modification.


⁽³⁾	Represents percentage of loans modified in TDRs during the period that were granted a reduced interest rate.


⁽⁴⁾	Due to multiple concessions granted to some troubled borrowers, percentages may total more than 100% for certain loan types.


⁽⁵⁾	Represents weighted average interest rate reduction for those loans that received an interest rate concession.


⁽⁶⁾	Represents percentage of loans modified in TDRs during the period that were granted a maturity date extension.


⁽⁷⁾	Represents weighted average change in maturity date for those loans that received a maturity date extension.


⁽⁸⁾	Represents percentage of loans modified in TDRs during the period that were granted forgiveness or forbearance of a portion of their balance.


⁽⁹⁾	Represents the gross balance forgiven. For loans modified in bankruptcy, the gross balance reduction represents collateral value write-downs associated with the discharge of the borrower’s obligations.

TDR—Subsequent Defaults of Completed TDR Modifications

The following table presents the type, number and recorded investment amount of loans modified in TDRs that experienced a default during the period and had completed a modification event in the twelve months prior to the default. A default occurs if the loan is either 90 days or more delinquent, has been charged off as of the end of the period presented or has been reclassified from accrual to nonaccrual status.

Table 4.11: TDR—Subsequent Defaults



	Year Ended December 31,
	2016			2015			2014
(Dollars in millions)	Number of Contracts	Amount		Number of Contracts	Amount		Number of Contracts	Amount
Credit Card:
Domestic credit card	42,250	$	73	42,808	$	71	40,814	$	63
International credit card⁽¹⁾	40,498	82		33,888	81		38,195	106
Total credit card	82,748	155		76,696	152		79,009	169
Consumer Banking:
Auto	8,587	96		8,647	99		6,651	72
Home loan	56	7		14	2		24	5
Retail banking	48	9		26	2		75	10
Total consumer banking	8,691	112		8,687	103		6,750	87
Commercial Banking:
Commercial and multifamily real estate	1	1		0	0		5	11
Commercial and industrial	150	281		7	19		2	1
Total commercial lending	151	282		7	19		7	12
Small-ticket commercial real estate	7	1		3	0		33	3
Total commercial banking	158	283		10	19		40	15
Total	91,597	$	550	85,393	$	274	85,799	$	271

__________


⁽¹⁾	In the U.K., regulators require the acceptance of payment plan proposals in which the modified payments may be less than the contractual minimum amount. As a result, loans entering long-term TDR payment programs in the U.K. typically continue to age and ultimately charge off even when fully in compliance with the TDR program terms.

Outstanding Balance and Carrying Value of Acquired Loans

The table below presents the outstanding balance and the carrying value of PCI loans as of December 31, 2016 and 2015. The table also displays loans which would have otherwise been considered impaired at acquisition based on our applicable accounting policies. See “Note 1—Summary of Significant Accounting Policies” for information related to our accounting policies for impaired loans.

Table 4.12: PCI Loans



	December 31, 2016						December 31, 2015
(Dollars in millions)	Total		Impaired Loans		Non-Impaired Loans		Total		Impaired Loans		Non-Impaired Loans
Outstanding balance	$	16,506	$	3,272	$	13,234	$	21,151	$	3,840	$	17,311
Carrying value⁽¹⁾	15,074		2,263		12,811		19,516		2,629		16,887

__________


⁽¹⁾	Includes $31 million and $37 million of allowance for loan and lease losses for these loans as of December 31, 2016 and 2015, respectively. We recorded a $6 million release and a $10 million provision for credit losses for the years ended December 31, 2016 and 2015, respectively, for PCI loans.

Changes in Accretable Yield on Acquired Loans

The following table presents changes in the accretable yield on the PCI loans:

Table 4.13: Changes in Accretable Yield on PCI Loans



(Dollars in millions)	Total PCI Loans			Impaired Loans			Non-Impaired Loans
Accretable yield as of December 31, 2013	$	6,420		$	2,114		$	4,306
Accretion recognized in earnings	(1,042		)	(379		)	(663		)
Reclassifications from nonaccretable differences⁽¹⁾	214			94			120
Changes in accretable yield for non-credit related changes in expected cash flows⁽²⁾	(939		)	(344		)	(595		)
Accretable yield as of December 31, 2014	$	4,653		$	1,485		$	3,168
Addition due to acquisition	123			7			116
Accretion recognized in earnings	(817		)	(284		)	(533		)
Reclassifications from (to) nonaccretable differences⁽¹⁾	26			43			(17		)
Changes in accretable yield for non-credit related changes in expected cash flows⁽²⁾	(502		)	(7		)	(495		)
Accretable yield as of December 31, 2015	$	3,483		$	1,244		$	2,239
Accretion recognized in earnings	(711		)	(235		)	(476		)
Reclassifications from nonaccretable differences⁽¹⁾	138			49			89
Changes in accretable yield for non-credit related changes in expected cash flows⁽²⁾	267			6			261
Accretable yield as of December 31, 2016	$	3,177		$	1,064		$	2,113

__________


⁽¹⁾	Represents changes in accretable yield for those loans in pools that are driven primarily by credit performance.


⁽²⁾	Represents changes in accretable yield for those loans in pools that are driven primarily by actual prepayments and changes in estimated prepayments.

Credit Card Portfolio Segment [Member]

Loans and Leases Receivable Disclosure [Line Items]

Schedule of Concentration Risk, by Risk Factor, Including Delinquency and Performing Status

The table below displays the geographic profile of our credit card loan portfolio as of December 31, 2016 and 2015. We also present net charge-offs for the years ended December 31, 2016 and 2015.

Table 4.3: Credit Card Risk Profile by Geographic Region



	December 31, 2016			December 31, 2015
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Domestic credit card:
California	$	11,068	10.5%	$	10,029	10.5%
Texas	7,227		6.8	6,344		6.6
New York	7,090		6.7	6,446		6.7
Florida	6,540		6.2	5,712		5.9
Illinois	4,492		4.3	4,121		4.3
Pennsylvania	4,048		3.8	3,764		3.9
Ohio	3,654		3.5	3,371		3.5
New Jersey	3,488		3.3	3,210		3.3
Michigan	3,164		3.0	2,922		3.0
Other	46,349		43.9	42,020		43.8
Total domestic credit card	97,120		92.0	87,939		91.5
International credit card:
Canada	5,594		5.3	4,889		5.1
United Kingdom	2,838		2.7	3,297		3.4
Total international credit card	8,432		8.0	8,186		8.5
Total credit card	$	105,552	100.0%	$	96,125	100.0	%

__________


⁽¹⁾	Percentages by geographic region are calculated based on period-end amounts.

Schedule of Net Charge-Offs

Table 4.4: Credit Card Net Charge-Offs



	Year Ended December 31,
	2016			2015
(Dollars in millions)	Amount		Rate⁽¹⁾	Amount		Rate
Net charge-offs:⁽¹⁾
Domestic credit card	$	3,681	4.16%	$	2,718	3.45%
International credit card	272		3.33	200		2.50
Total credit card	$	3,953	4.09	$	2,918	3.36

__________


⁽¹⁾	Net charge-offs consist of the unpaid principal balance that we determine to be uncollectible, net of recovered amounts. The net charge-off rate is calculated for each loan category by dividing net charge-offs by average balance of loans held for investment for the period. Net charge-offs and the net charge-off rate are impacted periodically by fluctuations in recoveries, including loan sales.

Consumer Portfolio Segment [Member]

Loans and Leases Receivable Disclosure [Line Items]

Schedule of Concentration Risk, by Risk Factor, Including Delinquency and Performing Status

The table below displays the geographic profile of our consumer banking loan portfolio, including PCI loans. We also present the delinquency and nonperforming loan rates of our consumer banking loan portfolio as of December 31, 2016 and 2015, as well as net charge-offs for the years ended December 31, 2016 and 2015.

Table 4.5: Consumer Banking Risk Profile by Geographic Region



	December 31, 2016			December 31, 2015
(Dollars in millions)	Amount		% of Total⁽¹⁾	Amount		% of Total⁽¹⁾
Auto:
Texas	$	6,304	8.6%	$	5,463	7.8%
California	5,448		7.5	4,611		6.5
Florida	3,985		5.5	3,315		4.7
Georgia	2,506		3.4	2,245		3.2
Louisiana	2,159		3.0	1,882		2.7
Illinois	2,065		2.8	1,859		2.6
Ohio	2,017		2.8	1,738		2.5
Other	23,432		32.0	20,436		29.0
Total auto	47,916		65.6	41,549		59.0
Home loan:
California	4,993		6.8	5,884		8.4
New York	2,036		2.8	2,171		3.1
Maryland	1,409		1.9	1,539		2.2
Illinois	1,218		1.7	1,490		2.1
Virginia	1,204		1.7	1,354		1.9
New Jersey	1,112		1.5	1,293		1.8
Louisiana	985		1.3	1,146		1.6
Other	8,627		11.8	10,350		14.8
Total home loan	21,584		29.5	25,227		35.9



	December 31, 2016				December 31, 2015
(Dollars in millions)	Amount		% of Total⁽¹⁾		Amount		% of Total⁽¹⁾
Retail banking:
Louisiana	$	1,010	1.4	%	$	1,071	1.5	%
New York	941		1.3		921		1.3
Texas	756		1.0		757		1.1
New Jersey	238		0.3		259		0.4
Maryland	190		0.3		180		0.3
Virginia	156		0.2		151		0.2
Other	263		0.4		257		0.3
Total retail banking	3,554		4.9		3,596		5.1
Total consumer banking	$	73,054	100.0%		$	70,372	100.0%

__________


⁽¹⁾	Percentages by geographic region are calculated based on period-end amounts.

Schedule of Net Charge-Offs

Table 4.6: Consumer Banking Net Charge-Offs and Nonperforming Loans



	Year Ended December 31,
	2016			2015
(Dollars in millions)	Amount		Rate⁽¹⁾	Amount		Rate⁽¹⁾
Net charge-offs:
Auto	$	752	1.69%	$	674	1.69%
Home loan⁽²⁾	14		0.06	9		0.03
Retail banking	54		1.53	48		1.33
Total consumer banking⁽²⁾	$	820	1.15	$	731	1.03



	December 31, 2016			December 31, 2015
(Dollars in millions)	Amount		Rate⁽³⁾	Amount		Rate⁽³⁾
Nonperforming loans:
Auto	$	223	0.47%	$	219	0.53	%
Home loan⁽⁴⁾	273		1.26	311		1.23
Retail banking	31		0.86	28		0.77
Total consumer banking⁽⁴⁾	$	527	0.72	$	558	0.79

__________


⁽¹⁾	The net charge-off rate is calculated for each loan category by dividing net charge-offs by average balance of loans held for investment for the period.


⁽²⁾	Excluding the impact of PCI loans, the net charge-off rates for our home loan and total consumer banking portfolios were 0.20% and 1.49%, respectively, for the years ended December 31, 2016, compared to 0.13% and 1.45%, respectively, for the year ended December 31, 2015.


⁽³⁾	Nonperforming loan rates are calculated based on nonperforming loans for each category divided by period-end total loans held for investment for each respective category.


⁽⁴⁾	Excluding the impact of PCI loans, the nonperforming loan rates for our home loan and total consumer banking portfolios were 3.81% and 0.90%, respectively, as of December 31, 2016, compared to 4.68% and 1.08%, respectively, as of December 31, 2015.

Consumer Portfolio Segment [Member] | Home loan

Loans and Leases Receivable Disclosure [Line Items]

Schedule of Concentration of Risk, by Risk Factor

The following table presents the distribution of our home loan portfolio as of December 31, 2016 and 2015, based on selected key risk characteristics.

Table 4.7: Home Loan Risk Profile by Vintage, Geography, Lien Priority and Interest Rate Type



	December 31, 2016
	Loans			PCI Loans⁽¹⁾			Total Home Loans
(Dollars in millions)	Amount		% of Total⁽²⁾	Amount		% of Total⁽²⁾	Amount		% of Total⁽²⁾
Origination year:⁽³⁾
< = 2007	$	2,038	9.4%	$	7,424	34.4%	$	9,462	43.8%
2008	128		0.6	2,260		10.5	2,388		11.1
2009	80		0.4	1,088		5.0	1,168		5.4
2010	82		0.4	1,562		7.2	1,644		7.6
2011	139		0.6	1,683		7.8	1,822		8.4
2012	969		4.5	268		1.2	1,237		5.7
2013	465		2.2	59		0.2	524		2.4
2014	557		2.6	31		0.2	588		2.8
2015	1,024		4.7	30		0.2	1,054		4.9
2016	1,674		7.8	23		0.1	1,697		7.9
Total	$	7,156	33.2%	$	14,428	66.8%	$	21,584	100.0%
Geographic concentration:⁽⁴⁾
California	$	976	4.5%	$	4,017	18.6%	$	4,993	23.1%
New York	1,343		6.2	693		3.2	2,036		9.4
Maryland	585		2.7	824		3.9	1,409		6.6
Illinois	108		0.5	1,110		5.1	1,218		5.6
Virginia	490		2.3	714		3.3	1,204		5.6
New Jersey	379		1.8	733		3.4	1,112		5.2
Louisiana	962		4.5	23		0.1	985		4.6
Florida	159		0.7	772		3.6	931		4.3
Arizona	89		0.4	799		3.7	888		4.1
Texas	725		3.4	98		0.4	823		3.8
Other	1,340		6.2	4,645		21.5	5,985		27.7
Total	$	7,156	33.2%	$	14,428	66.8%	$	21,584	100.0	%
Lien type:
1^st lien	$	6,182	28.7%	$	14,159	65.5%	$	20,341	94.2%
2^nd lien	974		4.5	269		1.3	1,243		5.8
Total	$	7,156	33.2%	$	14,428	66.8%	$	21,584	100.0%
Interest rate type:
Fixed rate	$	3,394	15.8%	$	1,822	8.4%	$	5,216	24.2%
Adjustable rate	3,762		17.4	12,606		58.4	16,368		75.8
Total	$	7,156	33.2%	$	14,428	66.8%	$	21,584	100.0%



	December 31, 2015
	Loans			PCI Loans⁽¹⁾			Total Home Loans
(Dollars in millions)	Amount		% of Total⁽²⁾	Amount		% of Total⁽²⁾	Amount		% of Total⁽²⁾
Origination year:⁽³⁾
< = 2007	$	2,559	10.1%	$	8,956	35.5%	$	11,515	45.6%
2008	157		0.6	2,866		11.4	3,023		12.0
2009	97		0.4	1,498		5.9	1,595		6.3
2010	97		0.4	2,208		8.8	2,305		9.2
2011	176		0.7	2,476		9.8	2,652		10.5
2012	1,276		5.1	389		1.5	1,665		6.6
2013	557		2.2	71		0.3	628		2.5
2014	680		2.7	31		0.1	711		2.8
2015	1,101		4.4	32		0.1	1,133		4.5
Total	$	6,700	26.6%	$	18,527	73.4%	$	25,227	100.0%
Geographic concentration:⁽⁴⁾
California	$	871	3.5%	$	5,013	19.9%	$	5,884	23.4%
New York	1,295		5.1	876		3.5	2,171		8.6
Maryland	511		2.0	1,028		4.1	1,539		6.1
Illinois	89		0.4	1,401		5.5	1,490		5.9
Virginia	428		1.7	926		3.7	1,354		5.4
New Jersey	353		1.4	940		3.7	1,293		5.1
Louisiana	1,069		4.2	27		0.1	1,096		4.3
Florida	157		0.6	989		3.9	1,146		4.5
Arizona	81		0.4	995		3.9	1,076		4.3
Washington	113		0.4	806		3.2	919		3.6
Other	1,733		6.9	5,526		21.9	7,259		28.8
Total	$	6,700	26.6%	$	18,527	73.4%	$	25,227	100.0	%
Lien type:
1^st lien	$	5,705	22.6%	$	18,207	72.2%	$	23,912	94.8%
2^nd lien	995		4.0	320		1.2	1,315		5.2
Total	$	6,700	26.6%	$	18,527	73.4%	$	25,227	100.0%
Interest rate type:
Fixed rate	$	2,751	10.9%	$	2,264	9.0%	$	5,015	19.9%
Adjustable rate	3,949		15.7	16,263		64.4	20,212		80.1
Total	$	6,700	26.6%	$	18,527	73.4%	$	25,227	100.0%

__________


⁽¹⁾	The PCI loan balances with an origination date in the years subsequent to 2012 represent refinancing of previously acquired home loans.


⁽²⁾	Percentages within each risk category are calculated based on period-end amounts.


⁽³⁾	Modified loans are reported in the origination year of the initial borrowing.


⁽⁴⁾	States listed represent those that have the highest individual concentration of home loans.

Commercial Banking

Loans and Leases Receivable Disclosure [Line Items]

Schedule of Concentration of Risk, by Risk Factor

The following table presents the geographic distribution and internal risk ratings of our commercial loan portfolio as of December 31, 2016 and 2015.

Table 4.8: Commercial Banking Risk Profile by Geographic Region and Internal Risk Rating



	December 31, 2016
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total⁽¹⁾	Commercial and Industrial		% of Total⁽¹⁾		Small-ticket Commercial Real Estate		% of Total⁽¹⁾	Total Commercial Banking		% of Total⁽¹⁾
Geographic concentration:⁽²⁾
Northeast	$	15,714	59.0%	$	9,628	24.2%		$	298	61.7%	$	25,640	38.3%
Mid-Atlantic	3,024		11.4	3,450		8.7		16		3.3	6,490		9.7
South	4,032		15.2	15,193		38.1		34		7.0	19,259		28.8
Other	3,839		14.4	11,553		29.0		135		28.0	15,527		23.2
Total	$	26,609	100.0%	$	39,824	100.0%		$	483	100.0%	$	66,916	100.0%
Internal risk rating:⁽³⁾
Noncriticized	$	26,309	98.9%	$	36,046	90.5%		$	473	97.9%	$	62,828	93.9%
Criticized performing	242		0.9	2,205		5.5		6		1.3	2,453		3.7
Criticized nonperforming	30		0.1	988		2.5		4		0.8	1,022		1.5
PCI loans⁽⁴⁾	28		0.1	585		1.5		0		0.0	613		0.9
Total	$	26,609	100.0%	$	39,824	100.0	%	$	483	100.0%	$	66,916	100.0%



	December 31, 2015
(Dollars in millions)	Commercial and Multifamily Real Estate		% of Total⁽¹⁾	Commercial and Industrial		% of Total⁽¹⁾	Small-ticket Commercial Real Estate		% of Total⁽¹⁾	Total Commercial Banking		% of Total⁽¹⁾
Geographic concentration:⁽²⁾
Northeast	$	15,949	62.5%	$	8,074	21.8%	$	376	61.3%	$	24,399	38.6%
Mid-Atlantic	2,797		11.0	3,010		8.1	25		4.1	5,832		9.2
South	4,070		15.9	15,240		41.0	40		6.5	19,350		30.6
Other	2,702		10.6	10,811		29.1	172		28.1	13,685		21.6
Total	$	25,518	100.0%	$	37,135	100.0%	$	613	100.0%	$	63,266	100.0%
Internal risk rating:⁽³⁾
Noncriticized	$	25,130	98.5%	$	34,008	91.6%	$	605	98.7%	$	59,743	94.4%
Criticized performing	350		1.4	1,662		4.5	3		0.5	2,015		3.2
Criticized nonperforming	7		0.0	538		1.4	5		0.8	550		0.9
PCI loans⁽⁴⁾	31		0.1	927		2.5	0		0.0	958		1.5
Total	$	25,518	100.0%	$	37,135	100.0%	$	613	100.0%	$	63,266	100.0%

__________


⁽¹⁾	Percentages calculated based on total loans held for investment in each respective loan category using period-end amounts.


⁽²⁾	Geographic concentration is generally determined by the location of the borrower’s business or the location of the collateral associated with the loan. Northeast consists of CT, MA, ME, NH, NJ, NY, PA and VT. Mid-Atlantic consists of DC, DE, MD, VA and WV. South consists of AL, AR, FL, GA, KY, LA, MO, MS, NC, SC, TN and TX.


⁽³⁾	Criticized exposures correspond to the “Special Mention,” “Substandard” and “Doubtful” asset categories defined by banking regulatory authorities.


⁽⁴⁾	We evaluate PCI loans based on their actual risk ratings. Were these PCI loans classified based on their risk ratings, $346 million and $128 million would have been classified as Noncriticized, $247 million and $793 million as Criticized performing, and $20 million and $37 million as Criticized nonperforming as of December 31, 2016 and 2015, respectively.