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Outstanding Loans and Leases and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 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)June 30, 2022
Consumer real estate      
Residential mortgage$944 $237 $1,179 $2,360 $225,610 $227,970 
Home equity75 32 279 386 26,734 27,120 
Credit card and other consumer
Credit card311 204 493 1,008 83,002 84,010 
Direct/Indirect consumer (2)
149 42 22 213 108,613 108,826 
Other consumer— — — — 195 195 
Total consumer1,479 515 1,973 3,967 444,154 448,121 
Consumer loans accounted for under the fair value option (3)
     $377 377 
Total consumer loans and leases1,479 515 1,973 3,967 444,154 377 448,498 
Commercial
U.S. commercial603 290 485 1,378 354,353 355,731 
Non-U.S. commercial157 116 360 633 125,163 125,796 
Commercial real estate (4)
129 167 71 367 63,886 64,253 
Commercial lease financing18 55 10 83 13,529 13,612 
U.S. small business commercial (5)
220 51 146 417 17,340 17,757 
Total commercial1,127 679 1,072 2,878 574,271 577,149 
Commercial loans accounted for under the fair value option (3)
     5,119 5,119 
Total commercial loans and leases1,127 679 1,072 2,878 574,271 5,119 582,268 
Total loans and leases (6)
$2,606 $1,194 $3,045 $6,845 $1,018,425 $5,496 $1,030,766 
Percentage of outstandings 0.25 %0.12 %0.30 %0.67 %98.80 %0.53 %100.00 %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $173 million and nonperforming loans of $92 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $68 million and nonperforming loans of $87 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $492 million. Consumer real estate loans current or less than 30 days past due includes $1.7 billion, and direct/indirect consumer includes $43 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $50.8 billion, U.S. securities-based lending loans of $54.0 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 $79 million and home equity loans of $298 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.9 billion and non-U.S. commercial loans of $2.2 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 $60.1 billion and non-U.S. commercial real estate loans of $4.1 billion.
(5)Includes Paycheck Protection Program loans.
(6)Total outstandings includes loans and leases pledged as collateral of $13.1 billion. The Corporation also pledged $164.1 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 June 30, 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)June 30
2022		December 31
2021		June 30
2022		December 31
2021
Residential mortgage (1)
$2,245 $2,284 $492 $634 
With no related allowance (2)
1,956 1,950 — — 
Home equity (1)
563 630 — — 
With no related allowance (2)
371 414 — — 
Credit Card                     n/a              n/a493 487 
Direct/indirect consumer58 75 15 11 
Total consumer2,866 2,989 1,000 1,132 
U.S. commercial742 825 357 171 
Non-U.S. commercial279 268 184 19 
Commercial real estate218 382 18 40 
Commercial lease financing44 80 3 8 
U.S. small business commercial15 23 143 87 
Total commercial1,298 1,578 705 325 
Total nonperforming loans$4,164 $4,567 $1,705 $1,457 
Percentage of outstanding loans and leases
0.41 %0.47 %0.17 %0.15 %
(1)Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At June 30, 2022 and December 31, 2021 residential mortgage includes $395 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 $97 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 June 30, 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
June 30,
 2022		20222021202020192018Prior
Residential Mortgage
Refreshed LTV
   
Less than or equal to 90 percent$213,285 $29,035 $83,405 $38,908 $19,897 $6,116 $35,924 
Greater than 90 percent but less than or equal to 100 percent
1,858 768 855 156 28 10 41 
Greater than 100 percent
686 306 222 71 24 11 52 
Fully-insured loans
12,141 312 3,840 3,256 1,015 177 3,541 
Total Residential Mortgage$227,970 $30,421 $88,322 $42,391 $20,964 $6,314 $39,558 
Residential Mortgage
Refreshed FICO score
Less than 620$2,063 $230 $488 $345 $121 $94 $785 
Greater than or equal to 620 and less than 680
4,909 603 1,415 913 416 273 1,289 
Greater than or equal to 680 and less than 740
24,768 3,229 8,857 4,582 2,314 827 4,959 
Greater than or equal to 740
184,089 26,047 73,722 33,295 17,098 4,943 28,984 
Fully-insured loans
12,141 312 3,840 3,256 1,015 177 3,541 
Total Residential Mortgage$227,970 $30,421 $88,322 $42,391 $20,964 $6,314 $39,558 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving LoansRevolving Loans Converted to Term Loans
(Dollars in millions)June 30, 2022
Home Equity
Refreshed LTV
   
Less than or equal to 90 percent$26,876 $1,518 $19,583 $5,775 
Greater than 90 percent but less than or equal to 100 percent
98 41 30 27 
Greater than 100 percent
146 54 44 48 
Total Home Equity$27,120 $1,613 $19,657 $5,850 
Home Equity
Refreshed FICO score
Less than 620$731 $197 $174 $360 
Greater than or equal to 620 and less than 680
1,252 180 470 602 
Greater than or equal to 680 and less than 740
4,254 405 2,438 1,411 
Greater than or equal to 740
20,883 831 16,575 3,477 
Total Home Equity$27,120 $1,613 $19,657 $5,850 
(1)Includes reverse mortgages of $1.1 billion and home equity loans of $482 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 June 30,
 2022		Revolving Loans20222021202020192018PriorTotal Credit Card as of June 30,
 2022		Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score  
Less than 620$691 $12 $71 $237 $108 $103 $55 $105 $3,094 $2,939 $155 
Greater than or equal to 620 and less than 6802,347 13 570 964 326 214 99 161 9,545 9,362 183 
Greater than or equal to 680 and less than 740
8,723 54 2,472 3,426 1,262 753 310 446 28,737 28,565 172 
Greater than or equal to 74039,165 87 9,742 13,504 7,072 4,520 1,820 2,420 42,634 42,589 45 
Other internal credit
   metrics (2,3)
57,900 57,052 170 288 87 67 42 194 — — — 
Total credit card and other
   consumer		$108,826 $57,218 $13,025 $18,419 $8,855 $5,657 $2,326 $3,326 $84,010 $83,455 $555 
(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 $57.1 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 June 30, 2022.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions)Total as of
June 30,
 2022		20222021202020192018PriorRevolving Loans
U.S. Commercial
Risk ratings    
Pass rated$346,850 $38,819 $47,170 $21,131 $20,079 $10,660 $33,699 $175,292 
Reservable criticized8,881 41 491 676 881 1,268 1,085 4,439 
Total U.S. Commercial
$355,731 $38,860 $47,661 $21,807 $20,960 $11,928 $34,784 $179,731 
Non-U.S. Commercial
Risk ratings
Pass rated$123,181 $13,828 $22,677 $7,001 $5,022 $3,412 $5,137 $66,104 
Reservable criticized2,615 79 366 311 334 140 542 843 
Total Non-U.S. Commercial
$125,796 $13,907 $23,043 $7,312 $5,356 $3,552 $5,679 $66,947 
Commercial Real Estate
Risk ratings
Pass rated$59,121 $6,569 $13,558 $6,667 $9,710 $5,299 $9,615 $7,703 
Reservable criticized5,132 6 468 567 1,648 1,113 1,185 145 
Total Commercial Real Estate
$64,253 $6,575 $14,026 $7,234 $11,358 $6,412 $10,800 $7,848 
Commercial Lease Financing
Risk ratings
Pass rated$13,296 $1,036 $2,811 $2,186 $2,185 $1,661 $3,417 $— 
Reservable criticized316 2 24 30 86 57 117 — 
Total Commercial Lease Financing
$13,612 $1,038 $2,835 $2,216 $2,271 $1,718 $3,534 $— 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated$9,228 $803 $2,547 $1,947 $945 $694 $2,159 $133 
Reservable criticized345 9 21 33 82 62 135 3 
Total U.S. Small Business Commercial
$9,573 $812 $2,568 $1,980 $1,027 $756 $2,294 $136 
 Total$568,965 $61,192 $90,133 $40,549 $40,972 $24,366 $57,091 $254,662 
(1) Excludes $5.1 billion of loans accounted for under the fair value option at June 30, 2022.
(2)     Excludes U.S. Small Business Card loans of $8.2 billion. Refreshed FICO scores for this portfolio are $210 million for less than 620; $723 million for greater than or equal to 620 and less than 680; $2.2 billion for greater than or equal to 680 and less than 740; and $5.1 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 June 30, 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 and six months ended June 30, 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 and Six Months Ended June 30, 2022 and 2021
Unpaid Principal BalanceCarrying
Value		Pre-Modification Interest Rate
Post-Modification Interest Rate (1)
Unpaid Principal BalanceCarrying
Value		Pre-Modification Interest Rate
Post-Modification Interest Rate (1)
(Dollars in millions)Three Months Ended June 30, 2022Six Months Ended June 30, 2022
Residential mortgage$540 $489 3.47 %3.38 %$858 $774 3.53 %3.35 %
Home equity129 110 3.80 3.89 170 140 3.77 3.84 
Total $669 $599 3.53 3.48 $1,028 $914 3.57 3.43 
Three Months Ended June 30, 2021Six Months Ended June 30, 2021
Residential mortgage$522 $466 3.53 %3.51 %$744 $667 3.51 %3.49 %
Home equity62 47 3.58 3.61 83 63 3.55 3.58 
Total $584 $513 3.53 3.52 $827 $730 3.52 3.50 
(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 June 30, 2022 and 2021 carrying value for consumer real estate loans that were modified in a TDR during the three and six months ended June 30, 2022 and 2021, by type of modification.
Consumer Real Estate – Modification Programs
TDRs Entered into During the
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2022202120222021
Modifications under government programs $— $1 $— $3 
Modifications under proprietary programs 536 479 816 665 
Loans discharged in Chapter 7 bankruptcy (1)
4 12 8 22 
Trial modifications59 21 90 40 
Total modifications$599 $513 $914 $730 
(1)Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.
The following table presents the carrying value of consumer real estate loans that entered into payment default during the three and six months ended June 30, 2022 and 2021 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification.
Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months
Three Months Ended June 30Six Months Ended June 30
(Dollars in millions)2022202120222021
Modifications under government programs$— $1 $— $2 
Modifications under proprietary programs32 33 72 45 
Loans discharged in Chapter 7 bankruptcy (1)
— 2 1 5 
Trial modifications (2)
7 6 11 12 
Total modifications$39 $42 $84 $64 
(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 June 30, 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 and six months ended June 30, 2022 and 2021.
Credit Card and Other Consumer – TDRs Entered into During the Three and Six Months Ended June 30, 2022 and 2021
 Unpaid Principal Balance
Carrying
Value (1)
Pre-Modification Interest RatePost-Modification Interest RateUnpaid Principal Balance
Carrying
Value (1)
Pre-Modification Interest RatePost-Modification Interest Rate
(Dollars in millions)Three Months Ended June 30, 2022Six Months Ended June 30, 2022
Credit card$65 $69 19.77 %3.78 %$127 $132 19.60 %3.76 %
Direct/Indirect consumer3 2 5.41 5.41 5 5 5.62 5.62 
Total $68 $71 19.37 3.83 $132 $137 19.09 3.83 
Three Months Ended June 30, 2021Six Months Ended June 30, 2021
Credit card$62 $68 18.44 %4.24 %$137 $147 18.48 %4.53 %
Direct/Indirect consumer6 4 5.64 5.64 11 7 5.62 5.62 
Total $68 $72 17.75 4.31 $148 $154 17.87 4.58 
(1)Includes accrued interest and fees.
The table below presents the June 30, 2022 and 2021 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during the three and six months ended June 30, 2022 and 2021 by program type.
Credit Card and Other Consumer – TDRs by Program Type (1)
TDRs Entered into During the
Three Months Ended June 30		TDRs Entered into During the
Six Months Ended June 30
(Dollars in millions)
2022202120222021
Internal programs$58 $57 $112 $121 
External programs
10 13 20 29 
Other
3 2 5 4 
Total$71 $72 $137 $154 
(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 June 30, 2022
Allowance for loan and lease losses, April 1$473 $6,242 $5,389 $12,104 
Loans and leases charged off(160)(692)(92)(944)
Recoveries of loans and leases previously charged off98 229 46 373 
Net charge-offs(62)(463)(46)(571)
Provision for loan and lease losses(16)438 19 441 
Other 1 (1)(1)(1)
Allowance for loan and lease losses, June 30
396 6,216 5,361 11,973 
Reserve for unfunded lending commitments, April 191 — 1,288 1,379 
Provision for unfunded lending commitments(12)— 94 82 
Reserve for unfunded lending commitments, June 30
79 — 1,382 1,461 
Allowance for credit losses, June 30
$475 $6,216 $6,743 $13,434 
Three Months Ended June 30, 2021
Allowance for loan and lease losses, April 1$689 $7,946 $7,533 $16,168 
Loans and leases charged off(30)(799)(232)(1,061)
Recoveries of loans and leases previously charged off60 256 150 466 
Net charge-offs30 (543)(82)(595)
Provision for loan and lease losses(122)(568)(790)(1,480)
Other— — 2 2 
Allowance for loan and lease losses, June 30
597 6,835 6,663 14,095 
Reserve for unfunded lending commitments, April 1124 — 1,705 1,829 
Provision for unfunded lending commitments(17)— (124)(141)
Other— — (1)(1)
Reserve for unfunded lending commitments, June 30
107 — 1,580 1,687 
Allowance for credit losses, June 30
$704 $6,835 $8,243 $15,782 
(Dollars in millions)Six Months Ended June 30, 2022
Allowance for loan and lease losses, January 1$557 $6,476 $5,354 $12,387 
Loans and leases charged off(183)(1,311)(184)(1,678)
Recoveries of loans and leases previously charged off161 468 86 715 
Net charge-offs(22)(843)(98)(963)
Provision for loan and lease losses(141)581 109 549 
Other2 2 (4)— 
Allowance for loan and lease losses, June 30
396 6,216 5,361 11,973 
Reserve for unfunded lending commitments, January 196 — 1,360 1,456 
Provision for unfunded lending commitments(18)— 22 4 
Other1 — — 1 
Reserve for unfunded lending commitments, June 30
79 — 1,382 1,461 
Allowance for credit losses, June 30
$475 $6,216 $6,743 $13,434 
Six Months Ended June 30, 2021
Allowance for loan and lease losses, January 1$858 $9,213 $8,731 $18,802 
Loans and leases charged off(45)(1,776)(426)(2,247)
Recoveries of loans and leases previously charged off114 501 214 829 
Net charge-offs69 (1,275)(212)(1,418)
Provision for loan and lease losses(329)(1,104)(1,858)(3,291)
Other(1)1 2 2 
Allowance for loan and lease losses, June 30
597 6,835 6,663 14,095 
Reserve for unfunded lending commitments, January 1137 — 1,741 1,878 
Provision for unfunded lending commitments(30)— (160)(190)
Other— — (1)(1)
Reserve for unfunded lending commitments, June 30
107 — 1,580 1,687 
Allowance for credit losses, June 30
$704 $6,835 $8,243 $15,782