Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2022

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Rollforward Of The Allowance For Loan Losses By Portfolio Segment

The following table provides a rollforward of the ALLL and the reserve for unfunded lending commitments by portfolio type for the three months ended March 31, 2022 and 2021:

ROLLFORWARD OF ALLL & RESERVE FOR UNFUNDED LENDING COMMITMENTS
(Dollars in millions)	Commercial, Financial, and Industrial (a)		Commercial Real Estate		Consumer Real Estate		Credit Card and Other		Total
Allowance for loan and lease losses:
Balance as of January 1, 2022	$	334	$	154	$	163	$	19	$	670
Charge-offs	(13)		—		(1)		(5)		(19)
Recoveries	3		—		5		1		9
Provision for loan and lease losses	(37)		(3)		(3)		5		(38)
Balance as of March 31, 2022	$	287	$	151	$	164	$	20	$	622
Reserve for remaining unfunded commitments:
Balance as of January 1, 2022	$	46	$	12	$	8	$	—	$	66
Provision for remaining unfunded commitments	(3)		—		1		—		(2)
Balance as of March 31, 2022	$	43	$	12	$	9	$	—	$	64
Allowance for credit losses as of March 31, 2022	$	330	$	163	$	173	$	20	$	686
Allowance for loan and lease losses:
Balance as of January 1, 2021	$	453	$	242	$	242	$	26	$	963
Charge-offs	(16)		(3)		(1)		(3)		(23)
Recoveries	6		2		6		1		15
Provision for loan and lease losses	(1)		(9)		(25)		(6)		(41)
Balance as of March 31, 2021	$	442	$	232	$	222	$	18	$	914
Reserve for remaining unfunded commitments:
Balance as of January 1, 2021	$	65	$	10	$	10	$	—	$	85
Provision for remaining unfunded commitments	(3)		1		(2)		—		(4)
Balance as of March 31, 2021	62		11		8		—		81
Allowance for credit losses as of March 31, 2021	$	504	$	243	$	230	$	18	$	995

(a) C&I loans as of March 31, 2022 and 2021 include $642 million and $5.1 billion in PPP loans, respectively, which due to the government guarantee and forgiveness provisions are considered to have no credit risk and therefore have no allowance for loan and lease losses.