| 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 and six-month periods ended June 30, 2020 and 2019.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
|
Commercial |
|
Consumer |
|
Total |
Three-month period ended June 30, 2020: |
|
|
|
|
|
|
ALLL balance, beginning of period |
|
$ |
996 |
|
|
$ |
508 |
|
|
$ |
1,504 |
|
Loan charge-offs |
|
(84 |
) |
|
(39 |
) |
|
(123 |
) |
Recoveries of loans previously charged-off |
|
4 |
|
|
12 |
|
|
16 |
|
Provision for loan and lease losses |
|
253 |
|
|
52 |
|
|
305 |
|
ALLL balance, end of period |
|
$ |
1,169 |
|
|
$ |
533 |
|
|
$ |
1,702 |
|
AULC balance, beginning of period |
|
$ |
58 |
|
|
$ |
41 |
|
|
$ |
99 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
25 |
|
|
(3 |
) |
|
22 |
|
Unfunded commitment losses |
|
(2 |
) |
|
— |
|
|
(2 |
) |
AULC balance, end of period |
|
$ |
81 |
|
|
$ |
38 |
|
|
$ |
119 |
|
ACL balance, end of period |
|
$ |
1,250 |
|
|
$ |
571 |
|
|
$ |
1,821 |
|
Six-month period ended June 30, 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 |
|
(172 |
) |
|
(87 |
) |
|
(259 |
) |
Recoveries of loans previously charged-off |
|
9 |
|
|
26 |
|
|
35 |
|
Provision for loan and lease losses |
|
600 |
|
|
152 |
|
|
752 |
|
ALLL balance, end of period |
|
$ |
1,169 |
|
|
$ |
533 |
|
|
$ |
1,702 |
|
AULC balance, beginning of period |
|
$ |
102 |
|
|
$ |
2 |
|
|
$ |
104 |
|
Cumulative-effect of change in accounting principle for financial instruments - credit losses (1) |
|
2 |
|
|
— |
|
|
2 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
(20 |
) |
|
36 |
|
|
16 |
|
Unfunded commitment losses |
|
(3 |
) |
|
— |
|
|
(3 |
) |
AULC balance, end of period |
|
$ |
81 |
|
|
$ |
38 |
|
|
$ |
119 |
|
ACL balance, end of period |
|
$ |
1,250 |
|
|
$ |
571 |
|
|
$ |
1,821 |
|
|
|
(1) |
Relates to day one impact of the CECL adjustment as a result of the implementation of ASU 2016-13. |
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|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
|
Commercial |
|
Consumer |
|
Total |
Three-month period ended June 30, 2019: |
ALLL balance, beginning of period |
|
$ |
545 |
|
|
$ |
219 |
|
|
$ |
764 |
|
Loan charge-offs |
|
(24 |
) |
|
(46 |
) |
|
(70 |
) |
Recoveries of loans previously charged-off |
|
6 |
|
|
16 |
|
|
22 |
|
Provision for loan and lease losses |
|
33 |
|
|
25 |
|
|
58 |
|
ALLL balance, end of period |
|
$ |
560 |
|
|
$ |
214 |
|
|
$ |
774 |
|
AULC balance, beginning of period |
|
$ |
98 |
|
|
$ |
2 |
|
|
$ |
100 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
1 |
|
|
— |
|
|
1 |
|
AULC balance, end of period |
|
$ |
99 |
|
|
$ |
2 |
|
|
$ |
101 |
|
ACL balance, end of period |
|
$ |
659 |
|
|
$ |
216 |
|
|
$ |
875 |
|
Six-month period ended June 30, 2019: |
ALLL balance, beginning of period |
|
$ |
542 |
|
|
$ |
230 |
|
|
$ |
772 |
|
Loan charge-offs |
|
(70 |
) |
|
(97 |
) |
|
(167 |
) |
Recoveries of loans previously charged-off |
|
19 |
|
|
29 |
|
|
48 |
|
Provision for loan and lease losses |
|
69 |
|
|
52 |
|
|
121 |
|
ALLL balance, end of period |
|
$ |
560 |
|
|
$ |
214 |
|
|
$ |
774 |
|
AULC balance, beginning of period |
|
$ |
94 |
|
|
$ |
2 |
|
|
$ |
96 |
|
Provision (reduction in allowance) for unfunded loan commitments and letters of credit |
|
5 |
|
|
— |
|
|
5 |
|
AULC balance, end of period |
|
$ |
99 |
|
|
$ |
2 |
|
|
$ |
101 |
|
ACL balance, end of period |
|
$ |
659 |
|
|
$ |
216 |
|
|
$ |
875 |
|
|