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Business Segments
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company has four reportable segments: Regional Bank, Global Corporate & Investment Banking - U.S., Transaction Banking, and MUSA. The Company uses various management accounting methodologies to measure the performance of its segments. Unlike GAAP, there is no standardized or authoritative guidance for management accounting. Consequently, reported results are not necessarily comparable with those presented by other companies and they are not necessarily indicative of the results that would be reported by the business units if they were separate economic entities.
The management reporting accounting methodologies, which are enhanced from time to time, measure segment profitability by assigning balance sheet and statements of income items to each operating segment. Methodologies that are applied to the measurement of segment profitability include a funds transfer pricing system, an activity-based costing methodology, other indirect costs and a methodology to allocate the provision for credit losses. During the second quarter of 2021, the Company revised its methodology for allocating certain costs to its Global Corporate & Investment Banking - U.S. and Japanese Corporate Banking segments. Prior period results have been revised to conform to the current presentation.
The funds transfer pricing system assigns a cost of funds or a credit for funds to assets or liabilities based on their type, maturity or repricing characteristics. A segment receives a credit from Corporate Treasury for its funding sources. Conversely, a segment is assigned a charge by Corporate Treasury to fund its assets. Certain indirect costs, such as operations and technology expense, are allocated to the segments based on an activity-based costing methodology. Other indirect costs, such as corporate overhead, are allocated to the segments based on internal surveys and metrics that serve as proxies for estimated usage. During the normal course of business, the Company occasionally changes or updates its management accounting methodologies or organizational structure. Certain non-bank subsidiaries, including MUSA, are reported based on their GAAP results.
Regional Bank
The Regional Bank provides banking products and services to individual and business customers in California, Washington, and Oregon through seven major business lines.
Community Banking serves consumers through 298 full-service branches, digital channels, call centers, ATMs and alliances with other financial institutions. It offers traditional banking products and services, including checking and other deposit accounts, residential mortgage loans, consumer loans, home equity lines of credit, credit cards, and bill and loan payment services.

Small Business serves small businesses with annual revenues up to $10 million through 298 full-service branches, digital channels, and call centers. Products and services include business and corporate deposit accounts, small business loans, branch direct loans, merchant services, and access to Wealth Management and Community Banking.

Business Banking provides business and asset-based loans to clients across a wide range of industries with annual revenues from $10 million to $50 million. Products and services include checking and other deposit accounts, small business administration loans, and owner-occupied real estate loans. By working with the Company’s other segments, Business Banking clients also have access to global treasury management and capital markets solutions, trade finance, and foreign exchange, interest rate, and commodity risk management products, and Wealth Management.

Commercial Banking provides commercial and asset-based loans to clients across a wide range of industries with annual revenues from $50 million to $2 billion. By working with the Company's other segments in a strategic and coordinated approach, Commercial Banking clients can engage in a fully integrated platform of products and services, including global treasury management, investment banking, corporate capital markets and advisory services, foreign exchange, interest rate, and commodity risk management products, and Wealth Management.

Real Estate Industries serves professional real estate investors and developers with products such as construction loans, commercial mortgages, bridge financing and unsecured financing. Property types
supported include apartment, office, retail, industrial and single-family residential on the West Coast and in select metropolitan areas across the country. Real Estate Industries also makes tax credit investments in affordable housing projects through its Community Development Finance unit referenced as LIHC investments. By working with the Company's other segments, Real Estate Industries also offers its clients global treasury management and capital markets solutions and foreign exchange, interest rate, and commodity risk management products.

Wealth Management serves corporate, institutional, non-profit, and high-net worth and affluent individual clients. Capabilities include Wealth Planning and Trust & Estate Services; Investment Management through the Bank and through HighMark Capital Management, Inc., an SEC-registered investment advisory firm wholly-owned by the Bank; Brokerage services through UnionBanc Investment Services, LLC, an SEC-registered broker-dealer/investment advisory firm wholly-owned by the Bank; and Private Wealth Management.

PurePoint Financial is a national online direct bank deposit platform offering consumer savings accounts and CD products with services provided through the online platform and a call center.
Global Corporate & Investment Banking - U.S.
Global Corporate & Investment Banking - U.S. delivers the full suite of MUAH products and services to large and mid-corporate customers. The segment employs an industry-focused strategy including dedicated coverage teams in General Industries, Power and Utilities, Oil and Gas, Telecom and Media, Technology, Healthcare and Nonprofit, Public Finance, and Financial Institutions (predominantly Insurance and Asset Managers). Global Corporate & Investment Banking - U.S. provides customers general corporate credit and structured credit services, including project finance, leasing and equipment finance, funds finance and asset-based finance. By working with the Company's other segments, Global Corporate & Investment Banking - U.S. offers its customers a range of noncredit services, which include global treasury management, capital market solutions, and various foreign exchange, interest rate risk and commodity risk management products.
Transaction Banking
Transaction Banking works alongside the Company's other segments to provide working capital management and asset servicing solutions, including deposits and treasury management, trade finance, and institutional trust, to the Company's customers. The client base consists of financial institutions, corporations, government agencies, insurance companies, mutual funds, investment managers and non-profit organizations.
MUFG Securities Americas
MUSA is MUAH's broker-dealer subsidiary which engages in capital markets origination transactions, domestic and foreign debt and equity securities transactions, private placements, collateralized financings, and securities borrowing and lending transactions.
Other
"Other" includes the MUFG Fund Services segment, Markets segment, Japanese Corporate Banking segment and Corporate Treasury. MUFG Fund Services provides comprehensive investment fund administrative solutions. Markets provides risk management solutions, including foreign exchange, interest rate and energy risk management solutions. The Japanese Corporate Banking segment offers a range of credit, deposit, and investment management products and services to companies located primarily in the U.S. that are affiliated with companies headquartered in Japan. Corporate Treasury is responsible for ALM, wholesale funding and the ALM investment and derivatives hedging portfolios. These treasury management activities are carried out to manage the net interest rate and liquidity risks of the Company's balance sheet and to manage those risks within the guidelines established by ALCO. For additional information regarding these risk management activities, see "Market Risk Management" in Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our 2020 Form 10-K.
Additionally, "Other" is comprised of certain corporate activities of the Company; the net impact of funds transfer pricing charges and credits allocated to the reportable segments; the residual costs of support groups; fees from affiliates and noninterest expenses associated with MUFG Bank, Ltd. U.S. branch banking operations; the unallocated allowance; goodwill, intangible assets, and the related amortization/accretion associated with the Company's privatization transaction when we became a privately held company in 2008; the elimination of the fully taxable-equivalent basis amount; and the difference between the marginal tax rate and the consolidated effective tax rate.
As of and for the Three Months Ended June 30, 2021:
(Dollars in millions)Regional BankGlobal Corporate & Investment Banking - U.S. Transaction BankingMUSAOtherMUFG Americas Holdings Corporation
Results of operations
Net interest income $519 $131 $46 $75 $(55)$716 
Noninterest income 113 109 7 80 402 711 
Total revenue632 240 53 155 347 1,427 
Noninterest expense541 118 47 113 455 1,274 
(Reversal of) provision for credit losses(137)(32)— — (5)(174)
Income (loss) before income taxes and including noncontrolling interests228 154 6 42 (103)327 
Income tax expense (benefit) (1)
53 27 2 10 (73)19 
Net income (loss) including noncontrolling interests175 127 4 32 (30)308 
Deduct: net (income) loss from noncontrolling interests— — — — 3 3 
Net income (loss) attributable to MUAH$175 $127 $4 $32 $(27)$311 
Total assets, end of period$61,821 $24,201 $289 $29,265 $49,721 $165,297 
As of and for the Three Months Ended June 30, 2020:
(Dollars in millions)Regional BankGlobal Corporate & Investment Banking - U.S. Transaction BankingMUSAOtherMUFG Americas Holdings Corporation
Results of operations
Net interest income $500 $95 $46 $96 $50 $787 
Noninterest income 97 116 9 187 400 809 
Total revenue597 211 55 283 450 1,596 
Noninterest expense502 115 44 150 367 1,178 
(Reversal of) provision for credit losses317 41 — — 3 361 
Income (loss) before income taxes and including noncontrolling interests(222)55 11 133 80 57 
Income tax expense (benefit) (1)
(65)(3)— 34 73 39 
Net income (loss) including noncontrolling interests(157)58 11 99 7 18 
Deduct: net (income) loss from noncontrolling interests— — — — 4 4 
Net income (loss) attributable to MUAH$(157)$58 $11 $99 $11 $22 
Total assets, end of period$71,941 $21,819 $251 $27,881 $45,458 $167,350 
As of and for the Six Months Ended June 30, 2021:
(Dollars in millions)Regional BankGlobal Corporate & Investment Banking - U.S. Transaction BankingMUSAOtherMUFG Americas Holdings Corporation
Results of operations
Net interest income (expense)$1,017 $259 $89 $150 $(49)$1,466 
Noninterest income 229 214 13 181 806 1,443 
Total revenue1,246 473 102 331 757 2,909 
Noninterest expense1,072 241 89 241 842 2,485 
(Reversal of) provision for credit losses(282)(53)(1)— (13)(349)
Income (loss) before income taxes and including noncontrolling interests456 285 14 90 (72)773 
Income tax expense (benefit) (1)
106 62 4 22 (105)89 
Net income (loss) including noncontrolling interests350 223 10 68 33 684 
Deduct: net (income) loss from noncontrolling interests— — — — 6 6 
Net income (loss) attributable to MUAH$350 $223 $10 $68 $39 $690 
Total assets, end of period$61,821 $24,201 $289 $29,265 $49,721 $165,297 
(1)Income tax expense (benefit) includes certain management accounting classification adjustments.
As of and for the Six Months Ended June 30, 2020:
(Dollars in millions)Regional BankGlobal Corporate & Investment Banking - U.S. Transaction BankingMUSAOtherMUFG Americas Holdings Corporation
Results of operations
Net interest income (expense)$1,045 $220 $92 $162 $42 $1,561 
Noninterest income 226 207 18 238 732 1,421 
Total revenue1,271 427 110 400 774 2,982 
Noninterest expense1,026 237 84 266 766 2,379 
(Reversal of) provision for credit losses684 151 — — (4)831 
Income (loss) before income taxes and including noncontrolling interests(439)39 26 134 12 (228)
Income tax expense (benefit) (1)
(104)(22)3 34 153 64 
Net income (loss) including noncontrolling interests(335)61 23 100 (141)(292)
Deduct: net (income) loss from noncontrolling interests— — — — 8 8 
Net income (loss) attributable to MUAH$(335)$61 $23 $100 $(133)$(284)
Total assets, end of period$71,941 $21,819 $251 $27,881 $45,458 $167,350 
(1)Income tax expense (benefit) includes certain management accounting classification adjustments.