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Outstanding Loans and Leases and Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of Loans and Leases Outstanding
The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at March 31, 2022 and December 31, 2021.
30-59 Days
 Past Due (1)
60-89 Days
 Past Due (1)
90 Days or
More
Past Due (1)
Total Past
Due 30 Days
or More
Total
 Current or
 Less Than
 30 Days
 Past Due (1)
Loans
 Accounted
 for Under
 the Fair
 Value
 Option		Total
Outstandings
(Dollars in millions)March 31, 2022
Consumer real estate      
Residential mortgage$860 $245 $1,414 $2,519 $223,511 $226,030 
Home equity90 47 333 470 26,466 26,936 
Credit card and other consumer
Credit card303 208 492 1,003 78,353 79,356 
Direct/Indirect consumer (2)
162 38 19 219 105,535 105,754 
Other consumer— — — — 205 205 
Total consumer1,415 538 2,258 4,211 434,070 438,281 
Consumer loans accounted for under the fair value option (3)
     $568 568 
Total consumer loans and leases1,415 538 2,258 4,211 434,070 568 438,849 
Commercial
U.S. commercial1,192 205 374 1,771 329,202 330,973 
Non-U.S. commercial143 42 111 296 121,971 122,267 
Commercial real estate (4)
405 58 283 746 61,787 62,533 
Commercial lease financing69 7 18 94 13,914 14,008 
U.S. small business commercial (5)
76 58 321 455 17,517 17,972 
Total commercial1,885 370 1,107 3,362 544,391 547,753 
Commercial loans accounted for under the fair value option (3)
     6,543 6,543 
Total commercial loans and leases1,885 370 1,107 3,362 544,391 6,543 554,296 
Total loans and leases (6)
$3,300 $908 $3,365 $7,573 $978,461 $7,111 $993,145 
Percentage of outstandings 0.33 %0.09 %0.34 %0.76 %98.52 %0.72 %100.00 %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $172 million and nonperforming loans of $90 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $72 million and nonperforming loans of $87 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $573 million. Consumer real estate loans current or less than 30 days past due includes $1.7 billion and direct/indirect consumer includes $49 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $49.7 billion, U.S. securities-based lending loans of $51.9 billion and non-U.S. consumer loans of $3.2 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $248 million and home equity loans of $320 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.0 billion and non-U.S. commercial loans of $2.6 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $58.3 billion and non-U.S. commercial real estate loans of $4.3 billion.
(5)Includes Paycheck Protection Program loans.
(6)Total outstandings includes loans and leases pledged as collateral of $13.0 billion. The Corporation also pledged $147.4 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
30-59 Days
Past Due (1)
60-89 Days
 Past Due (1)
90 Days or
More
Past Due (1)
Total Past
Due 30 Days
or More
Total
Current or
Less Than
30 Days
Past Due (1)
Loans
Accounted
for Under
the Fair
Value Option		Total Outstandings
(Dollars in millions)December 31, 2021
Consumer real estate      
Residential mortgage$1,005 $297 $1,571 $2,873 $219,090 $221,963 
Home equity123 69 369 561 27,374 27,935 
Credit card and other consumer     
Credit card298 212 487 997 80,441  81,438 
Direct/Indirect consumer (2)
147 52 18 217 103,343  103,560 
Other consumer — — — — 190  190 
Total consumer1,573 630 2,445 4,648 430,438 435,086 
Consumer loans accounted for under the fair value option (3)
$618 618 
Total consumer loans and leases1,573 630 2,445 4,648 430,438 618 435,704 
Commercial       
U.S. commercial815 308 396 1,519 324,417  325,936 
Non-U.S. commercial148 20 83 251 113,015  113,266 
Commercial real estate (4)
115 34 285 434 62,575  63,009 
Commercial lease financing104 28 13 145 14,680  14,825 
U.S. small business commercial (5)
129 259 89 477 18,706  19,183 
Total commercial1,311 649 866 2,826 533,393  536,219 
Commercial loans accounted for under the fair value option (3)
7,201 7,201 
Total commercial loans and leases
1,311 649 866 2,826 533,393 7,201 543,420 
Total loans and leases (6)
$2,884 $1,279 $3,311 $7,474 $963,831 $7,819 $979,124 
Percentage of outstandings 0.29 %0.13 %0.34 %0.76 %98.44 %0.80 %100.00 %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $164 million and nonperforming loans of $118 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $89 million and nonperforming loans of $100 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $633 million. Consumer real estate loans current or less than 30 days past due includes $1.4 billion and direct/indirect consumer includes $55 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $48.5 billion, U.S. securities-based lending loans of $51.1 billion and non-U.S. consumer loans of $3.0 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $279 million and home equity loans of $339 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $4.6 billion and non-U.S. commercial loans of $2.6 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $58.2 billion and non-U.S. commercial real estate loans of $4.8 billion.
(5)Includes Paycheck Protection Program loans.
(6)Total outstandings includes loans and leases pledged as collateral of $13.0 billion. The Corporation also pledged $146.6 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
Schedule of Financing Receivables, Non Accrual Status The following table presents the Corporation’s nonperforming loans and leases, including nonperforming TDRs, and loans accruing past due 90 days or more at March 31, 2022 and December 31, 2021. Nonperforming loans held-for-sale (LHFS) are excluded from nonperforming loans and leases as they are recorded at either fair value or the lower of cost or fair value. For more information on the criteria for classification as nonperforming, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K.
Credit Quality
Nonperforming Loans
and Leases		Accruing Past Due
90 Days or More
(Dollars in millions)March 31
2022		December 31
2021		March 31
2022		December 31
2021
Residential mortgage (1)
$2,422 $2,284 $574 $634 
With no related allowance (2)
1,840 1,950 — — 
Home equity (1)
615 630 — — 
With no related allowance (2)
375 414 — — 
Credit Card                     n/a              n/a492 487 
Direct/indirect consumer67 75 11 11 
Total consumer3,104 2,989 1,077 1,132 
U.S. commercial818 825 195 171 
Non-U.S. commercial268 268 49 19 
Commercial real estate361 382 17 40 
Commercial lease financing54 80 14 8 
U.S. small business commercial20 23 321 87 
Total commercial1,521 1,578 596 325 
Total nonperforming loans$4,625 $4,567 $1,673 $1,457 
Percentage of outstanding loans and leases
0.47 %0.47 %0.17 %0.15 %
(1)Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At March 31, 2022 and December 31, 2021 residential mortgage includes $468 million and $444 million of loans on which interest had been curtailed by the Federal Housing Administration (FHA), and therefore were no longer accruing interest, although principal was still insured, and $106 million and $190 million of loans on which interest was still accruing.
(2)Primarily relates to loans for which the estimated fair value of the underlying collateral less any costs to sell is greater than the amortized cost of the loans as of the reporting date.
n/a = not applicable
Financing Receivable Credit Quality Indicators The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by class of financing receivables and year of origination for term loan balances at March 31, 2022, including revolving loans that converted to term loans without an additional credit decision after origination or through a TDR.
Residential Mortgage – Credit Quality Indicators By Vintage
Term Loans by Origination Year
(Dollars in millions)Total as of
March 31,
 2022		20222021202020192018Prior
Residential Mortgage
Refreshed LTV
   
Less than or equal to 90 percent$210,901 $15,809 $85,059 $40,815 $21,330 $6,728 $41,160 
Greater than 90 percent but less than or equal to 100 percent
1,920 377 1,107 299 50 15 72 
Greater than 100 percent
798 172 384 123 31 9 79 
Fully-insured loans
12,411 128 3,906 3,361 1,072 193 3,751 
Total Residential Mortgage$226,030 $16,486 $90,456 $44,598 $22,483 $6,945 $45,062 
Residential Mortgage
Refreshed FICO score
Less than 620$2,347 $144 $555 $415 $135 $99 $999 
Greater than or equal to 620 and less than 680
5,252 394 1,470 994 449 285 1,660 
Greater than or equal to 680 and less than 740
24,057 1,595 8,401 4,967 2,415 963 5,716 
Greater than or equal to 740
181,963 14,225 76,124 34,861 18,412 5,405 32,936 
Fully-insured loans
12,411 128 3,906 3,361 1,072 193 3,751 
Total Residential Mortgage$226,030 $16,486 $90,456 $44,598 $22,483 $6,945 $45,062 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving LoansRevolving Loans Converted to Term Loans
(Dollars in millions)March 31, 2022
Home Equity
Refreshed LTV
   
Less than or equal to 90 percent$26,616 $1,635 $18,736 $6,245 
Greater than 90 percent but less than or equal to 100 percent
125 55 33 37 
Greater than 100 percent
195 81 55 59 
Total Home Equity$26,936 $1,771 $18,824 $6,341 
Home Equity
Refreshed FICO score
Less than 620$814 $223 $190 $401 
Greater than or equal to 620 and less than 680
1,350 202 471 677 
Greater than or equal to 680 and less than 740
4,362 441 2,401 1,520 
Greater than or equal to 740
20,410 905 15,762 3,743 
Total Home Equity$26,936 $1,771 $18,824 $6,341 
(1)Includes reverse mortgages of $1.2 billion and home equity loans of $531 million, which are no longer originated.
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage
Direct/Indirect
Term Loans by Origination YearCredit Card
(Dollars in millions)Total Direct/
Indirect as of March 31,
 2022		Revolving Loans20222021202020192018PriorTotal Credit Card as of March 31,
 2022		Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score  
Less than 620$697 $12 $27 $222 $115 $117 $67 $137 $3,006 $2,848 $158 
Greater than or equal to 620 and less than 6802,331 13 273 1,077 373 269 121 205 9,070 8,881 189 
Greater than or equal to 680 and less than 740
8,582 56 1,313 3,929 1,443 924 373 544 27,436 27,256 180 
Greater than or equal to 74038,247 88 5,145 14,606 7,812 5,496 2,195 2,905 39,844 39,799 45 
Other internal credit
   metrics (2,3)
55,897 55,121 83 315 52 75 44 207 — — — 
Total credit card and other
   consumer		$105,754 $55,290 $6,841 $20,149 $9,795 $6,881 $2,800 $3,998 $79,356 $78,784 $572 
(1)Represents TDRs that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $55.1 billion of securities-based lending which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at March 31, 2022.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions)Total as of
March 31,
 2022		20222021202020192018PriorRevolving Loans
U.S. Commercial
Risk ratings    
Pass rated$321,428 $12,007 $52,543 $23,219 $21,446 $10,728 $34,128 $167,357 
Reservable criticized9,545 19 658 710 1,150 1,471 1,206 4,331 
Total U.S. Commercial
$330,973 $12,026 $53,201 $23,929 $22,596 $12,199 $35,334 $171,688 
Non-U.S. Commercial
Risk ratings
Pass rated$119,178 $5,923 $24,744 $7,734 $6,085 $3,821 $5,428 $65,443 
Reservable criticized3,089 60 407 528 431 180 718 765 
Total Non-U.S. Commercial
$122,267 $5,983 $25,151 $8,262 $6,516 $4,001 $6,146 $66,208 
Commercial Real Estate
Risk ratings
Pass rated$56,247 $3,355 $13,667 $6,787 $10,000 $5,456 $9,285 $7,697 
Reservable criticized6,286 7 379 715 2,034 1,465 1,521 165 
Total Commercial Real Estate
$62,533 $3,362 $14,046 $7,502 $12,034 $6,921 $10,806 $7,862 
Commercial Lease Financing
Risk ratings
Pass rated$13,643 $464 $3,016 $2,232 $2,220 $1,815 $3,896 $— 
Reservable criticized365 — 28 30 104 59 144 — 
Total Commercial Lease Financing
$14,008 $464 $3,044 $2,262 $2,324 $1,874 $4,040 $— 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated$10,008 $383 $3,089 $2,353 $994 $734 $2,316 $139 
Reservable criticized388 — 16 30 94 75 171 2 
Total U.S. Small Business Commercial
$10,396 $383 $3,105 $2,383 $1,088 $809 $2,487 $141 
 Total$540,177 $22,218 $98,547 $44,338 $44,558 $25,804 $58,813 $245,899 
(1) Excludes $6.5 billion of loans accounted for under the fair value option at March 31, 2022.
(2)     Excludes U.S. Small Business Card loans of $7.6 billion. Refreshed FICO scores for this portfolio are $198 million for less than 620; $658 million for greater than or equal to 620 and less than 680; $2.0 billion for greater than or equal to 680 and less than 740; and $4.7 billion greater than or equal to 740.
The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by class of financing receivables and year of origination for term loan balances at December 31, 2021, including revolving loans that converted to term loans without an additional credit decision after origination or through a TDR.
Residential Mortgage – Credit Quality Indicators By Vintage
Term Loans by Origination Year
(Dollars in millions)Total as of
 December 31,
 2021		20212020201920182017Prior
Residential Mortgage
Refreshed LTV
Less than or equal to 90 percent$206,562 $87,051 $43,597 $23,205 $7,392 $10,956 $34,361 
Greater than 90 percent but less than or equal to 100 percent
1,938 1,401 331 81 17 14 94 
Greater than 100 percent
759 520 112 29 11 12 75 
Fully-insured loans
12,704 3,845 3,486 1,150 216 235 3,772 
Total Residential Mortgage$221,963 $92,817 $47,526 $24,465 $7,636 $11,217 $38,302 
Residential Mortgage
Refreshed FICO score
Less than 620$2,451 $636 $442 $140 $120 $104 $1,009 
Greater than or equal to 620 and less than 680
5,199 1,511 1,123 477 294 307 1,487 
Greater than or equal to 680 and less than 740
24,532 8,822 5,454 2,785 1,057 1,434 4,980 
Greater than or equal to 740177,077 78,003 37,021 19,913 5,949 9,137 27,054 
Fully-insured loans
12,704 3,845 3,486 1,150 216 235 3,772 
Total Residential Mortgage$221,963 $92,817 $47,526 $24,465 $7,636 $11,217 $38,302 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving LoansRevolving Loans Converted to Term Loans
(Dollars in millions)December 31, 2021
Home Equity
Refreshed LTV
Less than or equal to 90 percent$27,594 $1,773 $19,095 $6,726 
Greater than 90 percent but less than or equal to 100 percent
130 55 34 41 
Greater than 100 percent
211 85 54 72 
Total Home Equity$27,935 $1,913 $19,183 $6,839 
Home Equity
Refreshed FICO score
Less than 620$893 $244 $209 $440 
Greater than or equal to 620 and less than 680
1,434 222 495 717 
Greater than or equal to 680 and less than 740
4,625 468 2,493 1,664 
Greater than or equal to 740
20,983 979 15,986 4,018 
Total Home Equity$27,935 $1,913 $19,183 $6,839 
(1)Includes reverse mortgages of $1.3 billion and home equity loans of $582 million, which are no longer originated.
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage
Direct/Indirect
Term Loans by Origination YearCredit Card
(Dollars in millions)Total Direct/Indirect as of December 31, 2021Revolving Loans20212020201920182017PriorTotal Credit Card as of December 31, 2021Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score
Less than 620$685 $13 $179 $115 $129 $79 $101 $69 $3,017 $2,857 $160 
Greater than or equal to 620 and less than 680
2,313 14 1,170 414 313 148 134 120 9,264 9,064 200 
Greater than or equal to 680 and less than 740
8,530 60 4,552 1,659 1,126 466 314 353 28,347 28,155 192 
Greater than or equal to 74037,164 94 15,876 8,642 6,465 2,679 1,573 1,835 40,810 40,762 48 
Other internal credit
   metrics (2, 3)
54,868 54,173 283 53 77 75 63 144 — — — 
Total credit card and other
   consumer		$103,560 $54,354 $22,060 $10,883 $8,110 $3,447 $2,185 $2,521 $81,438 $80,838 $600 
(1)Represents TDRs that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $54.2 billion of securities-based lending which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2021.

Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions)Total as of December 31, 202120212020201920182017PriorRevolving Loans
U.S. Commercial
Risk ratings    
Pass rated$315,618 $55,862 $25,012 $23,373 $11,439 $10,426 $23,877 $165,629 
Reservable criticized10,318 598 687 1,308 1,615 514 1,072 4,524 
Total U.S. Commercial
$325,936 $56,460 $25,699 $24,681 $13,054 $10,940 $24,949 $170,153 
Non-U.S. Commercial
Risk ratings
Pass rated$110,787 $25,749 $8,703 $7,133 $4,521 $3,016 $3,062 $58,603 
Reservable criticized2,479 223 324 487 275 257 216 697 
Total Non-U.S. Commercial
$113,266 $25,972 $9,027 $7,620 $4,796 $3,273 $3,278 $59,300 
Commercial Real Estate
Risk ratings
Pass rated$55,511 $14,402 $7,244 $11,237 $5,710 $3,326 $6,831 $6,761 
Reservable criticized7,498 277 990 2,237 1,710 596 1,464 224 
Total Commercial Real Estate
$63,009 $14,679 $8,234 $13,474 $7,420 $3,922 $8,295 $6,985 
Commercial Lease Financing
Risk ratings
Pass rated$14,438 $3,280 $2,485 $2,427 $2,030 $1,741 $2,475 $— 
Reservable criticized387 25 18 91 67 48 138 — 
Total Commercial Lease Financing
$14,825 $3,305 $2,503 $2,518 $2,097 $1,789 $2,613 $— 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated$11,618 $4,257 $2,922 $1,059 $763 $623 $1,853 $141 
Reservable criticized433 12 29 91 87 64 147 3 
Total U.S. Small Business Commercial
$12,051 $4,269 $2,951 $1,150 $850 $687 $2,000 $144 
 Total $529,087 $104,685 $48,414 $49,443 $28,217 $20,611 $41,135 $236,582 
(1) Excludes $7.2 billion of loans accounted for under the fair value option at December 31, 2021.
(2) Excludes U.S. Small Business Card loans of $7.1 billion. Refreshed FICO scores for this portfolio are $192 million for less than 620; $618 million for greater than or equal to 620 and less than 680; $1.9 billion for greater than or equal to 680 and less than 740; and $4.4 billion greater than or equal to 740.
Troubled Debt Restructurings on Financing Receivables The table below presents the March 31, 2022 and 2021 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of consumer real estate loans that were modified in TDRs during the three months ended March 31, 2022 and 2021. The following Consumer Real Estate portfolio segment tables include loans that were initially classified as TDRs during the period and also loans that had previously been classified as TDRs and were modified again during the period.
Consumer Real Estate – TDRs Entered into During the Three Months Ended March 31, 2022 and 2021
Unpaid Principal BalanceCarrying
Value		Pre-Modification Interest Rate
Post-Modification Interest Rate (1)
(Dollars in millions)March 31, 2022
Residential mortgage$585 $539 3.50 %3.33 %
Home equity92 75 3.62 3.63 
Total $677 $614 3.52 3.37 
March 31, 2021
Residential mortgage$519 $464 3.50 %3.48 %
Home equity62 49 3.43 3.44 
Total $581 $513 3.49 3.48 
(1)The post-modification interest rate reflects the interest rate applicable only to permanently completed modifications, which exclude loans that are in a trial modification period.

The table below presents the March 31, 2022 and 2021 carrying value for consumer real estate loans that were modified in a TDR during the three months ended March 31, 2022 and 2021, by type of modification.
Consumer Real Estate – Modification Programs
TDRs Entered into During the
Three Months Ended March 31
(Dollars in millions)20222021
Modifications under government programs $— $1 
Modifications under proprietary programs 552 472 
Loans discharged in Chapter 7 bankruptcy (1)
5 11 
Trial modifications57 29 
Total modifications$614 $513 
(1)Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.
The table below presents the carrying value of consumer real estate loans that entered into payment default during the three months ended March 31, 2022 and 2021 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification.
Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months
Three Months Ended March 31
(Dollars in millions)20222021
Modifications under government programs$— $1 
Modifications under proprietary programs40 12 
Loans discharged in Chapter 7 bankruptcy (1)
1 3 
Trial modifications (2)
4 6 
Total modifications$45 $22 
(1)Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.
(2)Includes trial modification offers to which the customer did not respond.
The table below provides information on the Corporation’s Credit Card and Other Consumer TDR portfolio including the March 31, 2022 and 2021 unpaid principal balance, carrying value, and average pre- and post-modification interest rates of loans that were modified in TDRs during the three months ended March 31, 2022 and 2021.
Credit Card and Other Consumer – TDRs Entered into During the Three Months Ended March 31, 2022 and 2021
 Unpaid Principal Balance
Carrying
Value (1)
Pre-Modification Interest RatePost-Modification Interest Rate
(Dollars in millions)March 31, 2022
Credit card$69 $73 18.67 %3.69 %
Direct/Indirect consumer4 3 5.75 5.75 
Total $73 $76 18.03 3.77 
March 31, 2021
Credit card$82 $90 18.55 %4.97 %
Direct/Indirect consumer8 5 5.64 5.64 
Total $90 $95 17.85 5.01 
(1)Includes accrued interest and fees.
The table below presents the March 31, 2022 and 2021 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during the three months ended March 31, 2022 and 2021 by program type.
Credit Card and Other Consumer – TDRs by Program Type (1)
TDRs Entered into During the
Three Months Ended March 31
(Dollars in millions)
20222021
Internal programs$63 $74 
External programs
10 17 
Other
3 4 
Total$76 $95 
(1) Includes accrued interest and fees.
Changes in the Allowance for Credit Losses The changes in the allowance for credit losses, including net charge-offs and provision for loan and lease losses, are detailed in the table below.
Consumer
Real Estate		Credit Card and
 Other Consumer		CommercialTotal
(Dollars in millions)Three Months Ended March 31, 2022
Allowance for loan and lease losses, January 1$557 $6,476 $5,354 $12,387 
Loans and leases charged off(23)(619)(92)(734)
Recoveries of loans and leases previously charged off63 239 40 342 
Net charge-offs40 (380)(52)(392)
Provision for loan and lease losses(126)146 88 108 
Other 2 — (1)1 
Allowance for loan and lease losses, March 31
473 6,242 5,389 12,104 
Reserve for unfunded lending commitments, January 196 — 1,360 1,456 
Provision for unfunded lending commitments(6)— (72)(78)
Other1 — — 1 
Reserve for unfunded lending commitments, March 31
91 — 1,288 1,379 
Allowance for credit losses, March 31
$564 $6,242 $6,677 $13,483 
Three Months Ended March 31, 2021
Allowance for loan and lease losses, January 1$858 $9,213 $8,731 $18,802 
Loans and leases charged off(15)(977)(194)(1,186)
Recoveries of loans and leases previously charged off54 245 64 363 
Net charge-offs39 (732)(130)(823)
Provision for loan and lease losses(207)(536)(1,068)(1,811)
Other(1)1 — — 
Allowance for loan and lease losses, March 31
689 7,946 7,533 16,168 
Reserve for unfunded lending commitments, January 1137 — 1,741 1,878 
Provision for unfunded lending commitments(13)— (36)(49)
Reserve for unfunded lending commitments, March 31
124 — 1,705 1,829 
Allowance for credit losses, March 31
$813 $7,946 $9,238 $17,997