Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

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ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2024
Credit Loss [Abstract]  
Allowance Roll-forward
Allowance for Credit Losses - Roll-forward
The following tables present ACL activity by portfolio segment.
(dollar amounts in millions) Commercial Consumer Total
Three months ended March 31, 2024
ALLL balance, beginning of period $ 1,563  $ 692  $ 2,255 
Loan and lease charge-offs (74) (54) (128)
Recoveries of loans and leases previously charged-off 19  17  36 
Provision for loan and lease losses 81  36  117 
ALLL balance, end of period $ 1,589  $ 691  $ 2,280 
AULC balance, beginning of period $ 66  $ 79  $ 145 
Provision (benefit) for unfunded lending commitments 3  (13) (10)
AULC balance, end of period $ 69  $ 66  $ 135 
ACL balance, end of period $ 1,658  $ 757  $ 2,415 
Three months ended March 31, 2023
ALLL balance, beginning of period $ 1,424  $ 697  $ 2,121 
Loan and lease charge-offs (52) (47) (99)
Recoveries of loans and leases previously charged-off 23  19  42 
Provision for loan and lease losses 62  16  78 
ALLL balance, end of period $ 1,457  $ 685  $ 2,142 
AULC balance, beginning of period $ 71  $ 79  $ 150 
Provision for unfunded lending commitments 4  3  7 
AULC balance, end of period $ 75  $ 82  $ 157 
ACL balance, end of period $ 1,532  $ 767  $ 2,299