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Loans and asset quality (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Schedule of Loan Portfolio and Industry Concentrations of Credit Risk
The table below provides the details of our loan portfolio.

LoansSept. 30, 2022Dec. 31, 2021
(in millions)
Commercial$2,135 $2,128 
Commercial real estate6,299 6,033 
Financial institutions11,105 10,232 
Lease financings702 731 
Wealth management loans10,676 9,792 
Wealth management mortgages8,878 8,200 
Other residential mortgages356 299 
Capital call financing3,985 2,284 
Other2,884 2,541 
Overdrafts5,100 3,060 
Margin loans17,709 22,487 
Total loans (a)
$69,829 $67,787 
(a)    Net of unearned income of $238 million at Sept. 30, 2022 and $240 million at Dec. 31, 2021 primarily related to lease financings.
Summary of Transactions in the Allowance for Credit Losses
Activity in the allowance for credit losses on loans and lending-related commitments is presented below. This does not include activity in the allowance for credit losses related to other financial instruments, including cash and due from banks, interest-bearing deposits with banks, federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities and accounts receivable.

Allowance for credit losses activity for the quarter ended Sept. 30, 2022
Wealth management loansWealth management mortgagesOther
residential
mortgages		Capital call financing
(in millions)CommercialCommercial
real estate		Financial
institutions		Lease
financings		Total
Beginning balance$16 $184 $21 $1 $1 $7 $7 $6 $243 
Charge-offs— — — — — — — — — 
Recoveries— — — — — — 1 — 1 
Net recoveries— — — — — — 1 — 1 
Provision (a)
1 (8)(1)— — 2 — (2)(8)
Ending balance$17 $176 $20 $1 $1 $9 $8 $4 $236 
Allowance for:
Loan losses$4 $130 $9 $1 $1 $8 $8 $3 $164 
Lending-related commitments13 46 11 — — 1 — 1 72 
Individually evaluated for impairment:
Loan balance (b)
$— $75 $— $— $— $14 $1 $— $90 
Allowance for loan losses— 1 — — — — — — 1 
(a)    Does not include the provision for credit losses benefit related to other financial instruments of $22 million for the quarter ended Sept. 30, 2022.
(b)    Includes collateral-dependent loans of $90 million with $135 million of collateral at fair value.


Allowance for credit losses activity for the quarter ended June 30, 2022
Wealth management loansWealth management mortgagesOther
residential
mortgages		Capital call financing
(in millions)CommercialCommercial
real estate		Financial
institutions		Lease
financings		Total
Beginning balance$12 $176 $15 $1 $1 $9 $7 $3 $224 
Charge-offs— — — — — — — — — 
Recoveries— — — — — — 1 — 1 
Net recoveries— — — — — — 1 — 1 
Provision (a)
4 8 6 — — (2)(1)3 18 
Ending balance$16 $184 $21 $1 $1 $7 $7 $6 $243 
Allowance for:
Loan losses$4 $147 $10 $1 $1 $6 $7 $5 $181 
Lending-related commitments12 37 11 — — 1 — 1 62 
Individually evaluated for impairment:
Loan balance (b)
$— $121 $— $— $— $14 $1 $— $136 
Allowance for loan losses— 1 — — — — — — 1 
(a)    Does not include the provision for credit losses related to other financial instruments of $29 million for the quarter ended June 30, 2022.
(b)    Includes collateral-dependent loans of $136 million with $179 million of collateral at fair value.
Allowance for credit losses activity for the quarter ended Sept. 30, 2021
Wealth management loans (a)
Wealth management mortgages (a)
Other
residential
mortgages
Capital call financing (a)
OtherTotal
(in millions)CommercialCommercial
real estate		Financial
institutions		Lease
financings
Beginning balance$8 $289 $6 $2 $1 $4 $8 $1 $— $319 
Charge-offs— — — — — — — — — — 
Recoveries— — — — — — 1 — — 1 
Net recoveries— — — — — — 1 — — 1 
Provision (b)
2 (63)2 (1)— — (3)— 16 (47)
Ending balance$10 $226 $8 $1 $1 $4 $6 $1 $16 $273 
Allowance for:
Loan losses$2 $199 $4 $1 $1 $3 $6 $1 $16 $233 
Lending-related commitments8 27 4 — — 1 — — — 40 
Individually evaluated for impairment:
Loan balance (c)
$— $25 $— $— $— $18 $1 $— $16 $60 
Allowance for loan losses— 3 — — — — — — 16 19 
(a)    In 2021, we began disclosing wealth management loans and wealth management mortgages separately and capital call financing loans. Beginning balances and the activity for the third quarter of 2021 have been revised to be comparable.
(b)    Does not include the provision for credit losses related to other financial instruments of $2 million for the third quarter of 2021.
(c)    Includes collateral-dependent loans of $60 million with $52 million of collateral at fair value.


Allowance for credit losses activity for the nine months ended Sept. 30, 2022
Other
residential
mortgages		Capital call financingTotal
(in millions)CommercialCommercial
real estate		Financial
institutions		Lease
financings		Wealth management loansWealth management mortgages
Beginning balance$12 $199 $13 $1 $1 $6 $7 $2 $241 
Charge-offs— — — — — — — — — 
Recoveries— — — — — — 3 — 3 
Net recoveries— — — — — — 3 — 3 
Provision (a)
5 (23)7 — — 3 (2)2 (8)
Ending balance$17 $176 $20 $1 $1 $9 $8 $4 $236 
(a)    Does not include the provision for credit losses related to other financial instruments of $27 million for the nine months ended Sept. 30, 2022.


Allowance for credit losses activity for the nine months ended Sept. 30, 2021
Other
residential
mortgages
Capital call financing (a)
OtherTotal
(in millions)CommercialCommercial
real estate		Financial
institutions		Lease
financings
Wealth management loans (a)
Wealth management mortgages (a)
Beginning balance$16 $430 $10 $2 $1 $7 $13 $— $— $479 
Charge-offs— — — — — (1)(1)— — (2)
Recoveries— — 2 — — — 4 — — 6 
Net recoveries (charge-offs) — — 2 — — (1)3 — — 4 
Provision (b)
(6)(204)(4)(1)— (2)(10)1 16 (210)
Ending balance$10 $226 $8 $1 $1 $4 $6 $1 $16 $273 
(a)    In 2021, we began disclosing wealth management loans and wealth management mortgages separately and capital call financing loans. Beginning balances and the activity for the first nine months of 2021 have been revised to be comparable.
(b)    Does not include the provision for credit losses benefit related to other financial instruments of $4 million for the nine months ended Sept. 30, 2021.
Distribution of Nonperforming Assets
The table below presents our nonperforming assets.

Nonperforming assetsSept. 30, 2022Dec. 31, 2021
Recorded investmentRecorded investment
With an
allowance		Without an allowanceWith an
allowance		Without an allowance
(in millions)TotalTotal
Nonperforming loans:
Commercial real estate$— $51 $51 $12 $42 $54 
Other residential mortgages32 1 33 38 1 39 
Wealth management mortgages8 12 20 8 17 25 
Total nonperforming loans40 64 104 58 60 118 
Other assets owned— 3 3 — 2 2 
Total nonperforming assets
$40 $67 $107 $58 $62 $120 
Information about Past Due Loans
The table below presents our past due loans.

Past due loans and still accruing interestSept. 30, 2022Dec. 31, 2021
Days past dueTotal
past due		Days past dueTotal
past due
(in millions)30-5960-89≥9030-5960-89≥90
Wealth management loans$33 $5 $— $38 $33 $— $— $33 
Wealth management mortgages1 5 — 6 24 — — 24 
Commercial real estate5 — — 5 3 — — 3 
Other residential mortgages4 1 — 5 2 1 — 3 
Financial institutions— — — — 31 — — 31 
Total past due loans$43 $11 $— $54 $93 $1 $— $94 
Financing Receivable Credit Quality Indicators The tables below provide information about the credit profile of the loan portfolio by the period of origination.
Credit profile of the loan portfolioSept. 30, 2022
Revolving loans
Originated, at amortized costAmortized costConverted to term loans – Amortized costAccrued
interest
receivable
(in millions)YTD222021202020192018Prior to 2018
Total (a)
Commercial:
Investment grade$322 $168 $20 $— $13 $45 $1,402 $— $1,970 
Non-investment grade82 6 — — — — 77 — 165 
Total commercial404 174 20 — 13 45 1,479 — 2,135 $3 
Commercial real estate:
Investment grade919 1,172 458 904 212 912 296 — 4,873 
Non-investment grade416 445 145 236 109 19 33 23 1,426 
Total commercial real estate1,335 1,617 603 1,140 321 931 329 23 6,299 20 
Financial institutions:
Investment grade176 391 — — — 33 9,029 — 9,629 
Non-investment grade70 — — — — — 1,406 — 1,476 
Total financial institutions246 391 — — — 33 10,435 — 11,105 57 
Wealth management loans:
Investment grade28 58 18 47 — 228 10,264 — 10,643 
Non-investment grade— — — — — — 33 — 33 
Total wealth management loans28 58 18 47 — 228 10,297 — 10,676 38 
Wealth management mortgages1,523 1,997 934 788 494 3,120 22 — 8,878 18 
Lease financings18 — 52 11 7 614 — — 702 — 
Other residential mortgages— — — — — 356 — — 356 1 
Capital call financing— — — — — — 3,985 — 3,985 18 
Other loans— — — — — — 2,884 — 2,884 4 
Margin loans5,259 — — — — — 12,450 — 17,709 24 
Total loans$8,813 $4,237 $1,627 $1,986 $835 $5,327 $41,881 $23 $64,729 $183 
(a)    Excludes overdrafts of $5,100 million. Overdrafts occur on a daily basis primarily in the custody and securities clearance business and are generally repaid within two business days.
Credit profile of the loan portfolioDec. 31, 2021
Revolving loans
Originated, at amortized costAmortized costConverted to term loans – Amortized costAccrued
interest
receivable
(in millions)20212020201920182017Prior to 2017
Total (a)
Commercial:
Investment grade$348 $20 $— $8 $145 $— $1,450 $— $1,971 
Non-investment grade81 — — — — — 76 — 157 
Total commercial429 20 — 8 145 — 1,526 — 2,128 $1 
Commercial real estate:
Investment grade1,577 528 683 173 298 601 205 — 4,065 
Non-investment grade660 97 568 351 50 95 121 26 1,968 
Total commercial real estate2,237 625 1,251 524 348 696 326 26 6,033 7 
Financial institutions:
Investment grade705 — — — — 60 8,015 — 8,780 
Non-investment grade20 — — — — — 1,432 — 1,452 
Total financial institutions725 — — — — 60 9,447 — 10,232 11 
Wealth management loans:
Investment grade117 18 73 6 104 122 9,320 — 9,760 
Non-investment grade1 — — — — — 31 — 32 
Total wealth management loans118 18 73 6 104 122 9,351 — 9,792 12 
Wealth management mortgages2,058 1,008 855 542 885 2,838 14 — 8,200 14 
Lease financings25 67 15 10 2 612 — — 731 — 
Other residential mortgages— — — — — 299 — — 299 1 
Capital call financing— — — — — — 2,284 — 2,284 3 
Other loans— — — — — — 2,541 — 2,541 2 
Margin loans7,697 — — — — — 14,790 — 22,487 10 
Total loans$13,289 $1,738 $2,194 $1,090 $1,484 $4,627 $40,279 $26 $64,727 $61 
(a)    Excludes overdrafts of $3,060 million. Overdrafts occur on a daily basis primarily in the custody and securities clearance business and are generally repaid within two business days.