Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.23.1
ALLOWANCE FOR CREDIT LOSSES (Tables)
3 Months Ended
Mar. 31, 2023
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, 2023 and 2022.

(dollar amounts in millions) Commercial Consumer Total
Three-month period 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
AULC balance, end of period $ 75  $ 82  $ 157 
ACL balance, end of period $ 1,532  $ 767  $ 2,299 
(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)
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