Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.22.1
ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2022
Credit Loss [Abstract]  
Allowance Roll-forward
Allowance for Credit Losses - Roll-forward
The following tables present ACL activity by portfolio segment for the three-month periods ended March 31, 2022 and 2021.

(dollar amounts in millions) Commercial Consumer Total
Three-month period ended March 31, 2022:
ALLL balance, beginning of period $ 1,462  $ 568  $ 2,030 
Loan and lease charge-offs (31) (50) (81)
Recoveries of loans and leases previously charged-off 40  22  62 
Provision (benefit) for loan and lease losses 43  (36) 7 
ALLL balance, end of period $ 1,514  $ 504  $ 2,018 
AULC balance, beginning of period $ 41  $ 36  $ 77 
Provision (benefit) for unfunded lending commitments 16  (2) 14 
AULC balance, end of period $ 57  $ 34  $ 91 
ACL balance, end of period $ 1,571  $ 538  $ 2,109 
(dollar amounts in millions) Commercial Consumer Total
Three-month period ended March 31, 2021:
ALLL balance, beginning of period $ 1,236  $ 578  $ 1,814 
Loan and lease charge-offs (61) (34) (95)
Recoveries of loans and leases previously charged-off 12  19  31 
Provision for loan and lease losses 10  (57) (47)
ALLL balance, end of period $ 1,197  $ 506  $ 1,703 
AULC balance, beginning of period $ 34  $ 18  $ 52 
Provision (benefit) for unfunded lending commitments (6) (7) (13)
Unfunded lending commitment losses (1) —  (1)
AULC balance, end of period $ 27  $ 11  $ 38 
ACL balance, end of period $ 1,224  $ 517  $ 1,741