Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.20.1
ALLOWANCE FOR CREDIT LOSSES ALLOWANCE FOR CREDIT LOSSES (Tables)
3 Months Ended
Mar. 31, 2020
Credit Loss [Abstract]  
Financing Receivable, Allowance for Credit Loss [Table Text Block]
Allowance for Loan and Lease Losses and Allowance for Credit Losses - Roll-forward
The following table presents ALLL and AULC activity by portfolio segment for the three-month periods ended March 31, 2020 and 2019.
(dollar amounts in millions)
 
Commercial
 
Consumer
 
Total
Three-month period ended March 31, 2020:
 
 
 
 
 
 
ALLL balance, beginning of period
 
$
552

 
$
231

 
$
783

Cumulative-effect of change in accounting principle for financial instruments - credit losses (1)
 
180

 
211

 
391

Loan charge-offs
 
(88
)
 
(48
)
 
(136
)
Recoveries of loans previously charged-off
 
5

 
14

 
19

Provision for loan and lease losses
 
347

 
100

 
447

ALLL balance, end of period
 
$
996

 
$
508

 
$
1,504

AULC balance, beginning of period
 
$
102

 
$
2

 
$
104

Cumulative-effect of change in accounting principle for financial instruments - credit losses (1)
 
(38
)
 
40

 
2

Provision (reduction in allowance) for unfunded loan commitments and letters of credit
 
(5
)
 
(1
)
 
(6
)
Unfunded commitment losses
 
(1
)
 

 
(1
)
AULC balance, end of period
 
$
58

 
$
41

 
$
99

ACL balance, end of period
 
$
1,054

 
$
549

 
$
1,603

(1)
Relates to day one impact of the CECL adjustment as a result of the implementation of ASU 2016-13.
(dollar amounts in millions)
 
Commercial
 
Consumer
 
Total
Three-month period ended March 31, 2019:
ALLL balance, beginning of period
 
$
542

 
$
230

 
$
772

Loan charge-offs
 
(45
)
 
(52
)
 
(97
)
Recoveries of loans previously charged-off
 
12

 
14

 
26

Provision for loan and lease losses
 
36

 
27

 
63

ALLL balance, end of period
 
$
545

 
$
219

 
$
764

AULC balance, beginning of period
 
$
94

 
$
2

 
$
96

Provision (reduction in allowance) for unfunded loan commitments and letters of credit
 
4

 

 
4

AULC balance, end of period
 
$
98

 
$
2

 
$
100

ACL balance, end of period
 
$
643

 
$
221

 
$
864