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Outstanding Loans and Leases and Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 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 September 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)September 30, 2022
Consumer real estate      
Residential mortgage$905 $235 $1,014 $2,154 $226,908 $229,062 
Home equity79 27 232 338 26,507 26,845 
Credit card and other consumer
Credit card393 262 547 1,202 86,094 87,296 
Direct/Indirect consumer (2)
199 53 33 285 106,874 107,159 
Other consumer— — — — 171 171 
Total consumer1,576 577 1,826 3,979 446,554 450,533 
Consumer loans accounted for under the fair value option (3)
     $355 355 
Total consumer loans and leases1,576 577 1,826 3,979 446,554 355 450,888 
Commercial
U.S. commercial519 327 447 1,293 354,077 355,370 
Non-U.S. commercial48 67 228 343 122,692 123,035 
Commercial real estate (4)
299 36 74 409 67,543 67,952 
Commercial lease financing28 7 20 55 12,901 12,956 
U.S. small business commercial (5)
196 143 253 592 17,177 17,769 
Total commercial1,090 580 1,022 2,692 574,390 577,082 
Commercial loans accounted for under the fair value option (3)
     4,496 4,496 
Total commercial loans and leases1,090 580 1,022 2,692 574,390 4,496 581,578 
Total loans and leases (6)
$2,666 $1,157 $2,848 $6,671 $1,020,944 $4,851 $1,032,466 
Percentage of outstandings 0.26 %0.11 %0.28 %0.65 %98.88 %0.47 %100.00 %
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $173 million and nonperforming loans of $101 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $72 million and nonperforming loans of $98 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $427 million. Consumer real estate loans current or less than 30 days past due includes $1.7 billion, and direct/indirect consumer includes $29 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $50.7 billion, U.S. securities-based lending loans of $52.6 billion and non-U.S. consumer loans of $2.9 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $74 million and home equity loans of $281 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.4 billion and non-U.S. commercial loans of $2.1 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 $63.9 billion and non-U.S. commercial real estate loans of $4.0 billion.
(5)Includes Paycheck Protection Program loans.
(6)Total outstandings includes loans and leases pledged as collateral of $13.3 billion. The Corporation also pledged $163.6 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 September 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)September 30
2022		December 31
2021		September 30
2022		December 31
2021
Residential mortgage (1)
$2,187 $2,284 $427 $634 
With no related allowance (2)
1,942 1,950 — — 
Home equity (1)
532 630 — — 
With no related allowance (2)
394 414 — — 
Credit Card                     n/a              n/a547 487 
Direct/indirect consumer41 75 27 11 
Total consumer2,760 2,989 1,001 1,132 
U.S. commercial640 825 300 171 
Non-U.S. commercial274 268 22 19 
Commercial real estate282 382 34 40 
Commercial lease financing11 80 12 8 
U.S. small business commercial16 23 252 87 
Total commercial1,223 1,578 620 325 
Total nonperforming loans$3,983 $4,567 $1,621 $1,457 
Percentage of outstanding loans and leases
0.39 %0.47 %0.16 %0.15 %
(1)Residential mortgage loans accruing past due 90 days or more are fully-insured loans. At September 30, 2022 and December 31, 2021 residential mortgage includes $321 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 September 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
September 30,
 2022		20222021202020192018Prior
Residential Mortgage
Refreshed LTV
   
Less than or equal to 90 percent$215,122 $35,371 $82,564 $37,941 $19,347 $5,900 $33,999 
Greater than 90 percent but less than or equal to 100 percent
1,446 803 513 87 15 9 19 
Greater than 100 percent
562 331 119 39 18 10 45 
Fully-insured loans
11,932 511 3,737 3,173 977 165 3,369 
Total Residential Mortgage$229,062 $37,016 $86,933 $41,240 $20,357 $6,084 $37,432 
Residential Mortgage
Refreshed FICO score
Less than 620$2,054 $317 $489 $343 $108 $86 $711 
Greater than or equal to 620 and less than 680
4,933 903 1,356 836 371 240 1,227 
Greater than or equal to 680 and less than 740
24,594 4,303 8,441 4,372 2,159 812 4,507 
Greater than or equal to 740
185,549 30,982 72,910 32,516 16,742 4,781 27,618 
Fully-insured loans
11,932 511 3,737 3,173 977 165 3,369 
Total Residential Mortgage$229,062 $37,016 $86,933 $41,240 $20,357 $6,084 $37,432 
Home Equity - Credit Quality Indicators
Total
Home Equity Loans and Reverse Mortgages (1)
Revolving LoansRevolving Loans Converted to Term Loans
(Dollars in millions)September 30, 2022
Home Equity
Refreshed LTV
   
Less than or equal to 90 percent$26,662 $1,406 $19,805 $5,451 
Greater than 90 percent but less than or equal to 100 percent
68 25 24 19 
Greater than 100 percent
115 41 37 37 
Total Home Equity$26,845 $1,472 $19,866 $5,507 
Home Equity
Refreshed FICO score
Less than 620$689 $177 $175 $337 
Greater than or equal to 620 and less than 680
1,210 167 475 568 
Greater than or equal to 680 and less than 740
4,228 355 2,550 1,323 
Greater than or equal to 740
20,718 773 16,666 3,279 
Total Home Equity$26,845 $1,472 $19,866 $5,507 
(1)Includes reverse mortgages of $1.2 billion and home equity loans of $450 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 September 30,
2022		Revolving Loans20222021202020192018PriorTotal Credit Card as of September 30,
2022		Revolving Loans
Revolving Loans Converted to Term Loans (1)
Refreshed FICO score  
Less than 620$730 $12 $140 $262 $108 $90 $48 $70 $3,442 $3,277 $165 
Greater than or equal to 620 and less than 6802,381 12 832 867 293 177 81 119 10,134 9,950 184 
Greater than or equal to 680 and less than 740
8,723 53 3,290 3,036 1,116 619 254 355 30,181 30,012 169 
Greater than or equal to 74038,988 86 12,944 12,425 6,354 3,675 1,505 1,999 43,539 43,496 43 
Other internal credit
   metrics (2,3)
56,337 55,534 168 292 79 56 39 169 — — — 
Total credit card and other
   consumer		$107,159 $55,697 $17,374 $16,882 $7,950 $4,617 $1,927 $2,712 $87,296 $86,735 $561 
(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 $55.5 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 September 30, 2022.
Commercial – Credit Quality Indicators By Vintage (1)
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in millions)Total as of
September 30,
2022		20222021202020192018PriorRevolving Loans
U.S. Commercial
Risk ratings    
Pass rated$346,130 $51,059 $42,706 $19,446 $17,967 $9,431 $31,503 $174,018 
Reservable criticized9,240 176 636 665 831 1,320 918 4,694 
Total U.S. Commercial
$355,370 $51,235 $43,342 $20,111 $18,798 $10,751 $32,421 $178,712 
Non-U.S. Commercial
Risk ratings
Pass rated$120,431 $19,045 $21,046 $5,827 $4,393 $2,964 $5,185 $61,971 
Reservable criticized2,604 60 387 241 315 194 483 924 
Total Non-U.S. Commercial
$123,035 $19,105 $21,433 $6,068 $4,708 $3,158 $5,668 $62,895 
Commercial Real Estate
Risk ratings
Pass rated$63,433 $11,573 $13,619 $6,313 $9,474 $5,080 $9,066 $8,308 
Reservable criticized4,519 9 366 567 1,513 888 1,065 111 
Total Commercial Real Estate
$67,952 $11,582 $13,985 $6,880 $10,987 $5,968 $10,131 $8,419 
Commercial Lease Financing
Risk ratings
Pass rated$12,720 $1,583 $2,699 $2,076 $2,048 $1,404 $2,910 $— 
Reservable criticized236 5 23 14 76 47 71 — 
Total Commercial Lease Financing
$12,956 $1,588 $2,722 $2,090 $2,124 $1,451 $2,981 $— 
U.S. Small Business Commercial (2)
Risk ratings
Pass rated$8,910 $1,323 $2,174 $1,688 $907 $657 $2,030 $131 
Reservable criticized313 3 21 41 75 53 117 3 
Total U.S. Small Business Commercial
$9,223 $1,326 $2,195 $1,729 $982 $710 $2,147 $134 
 Total$568,536 $84,836 $83,677 $36,878 $37,599 $22,038 $53,348 $250,160 
(1) Excludes $4.5 billion of loans accounted for under the fair value option at September 30, 2022.
(2)     Excludes U.S. Small Business Card loans of $8.5 billion. Refreshed FICO scores for this portfolio are $244 million for less than 620; $786 million for greater than or equal to 620 and less than 680; $2.3 billion for greater than or equal to 680 and less than 740; and $5.2 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 September 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 nine months ended September 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 Nine Months Ended September 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 September 30, 2022Nine Months Ended September 30, 2022
Residential mortgage$420 $379 3.35 %3.34 %$1,036 $929 3.50 %3.36 %
Home equity99 86 4.58 4.83 216 176 4.20 4.31 
Total $519 $465 3.58 3.62 $1,252 $1,105 3.62 3.52 
Three Months Ended September 30, 2021Nine Months Ended September 30, 2021
Residential mortgage$451 $399 3.52 %3.49 %$832 $742 3.49 %3.44 %
Home equity61 45 3.51 3.51 97 73 3.56 3.58 
Total $512 $444 3.52 3.49 $929 $815 3.50 3.46 
(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 September 30, 2022 and 2021 carrying value for consumer real estate loans that were modified in a TDR during the three and nine months ended September 30, 2022 and 2021, by type of modification.
Consumer Real Estate – Modification Programs
TDRs Entered into During the
Three Months Ended September 30Nine Months Ended September 30
(Dollars in millions)2022202120222021
Modifications under government programs $— $— $— $4 
Modifications under proprietary programs 420 417 999 740 
Loans discharged in Chapter 7 bankruptcy (1)
4 9 12 29 
Trial modifications41 18 94 42 
Total modifications$465 $444 $1,105 $815 
(1)Includes loans discharged in Chapter 7 bankruptcy with no change in repayment terms that are classified as TDRs.
The following table presents the carrying value of consumer real estate loans that entered into payment default during the three and nine months ended September 30, 2022 and 2021 that were modified in a TDR during the 12 months preceding payment default. A payment default for consumer real estate TDRs is recognized when a borrower has missed three monthly payments (not necessarily consecutively) since modification.
Consumer Real Estate – TDRs Entering Payment Default that were Modified During the Preceding 12 Months
Three Months Ended September 30Nine Months Ended September 30
(Dollars in millions)2022202120222021
Modifications under government programs$— $1 $— $3 
Modifications under proprietary programs63 35 135 80 
Loans discharged in Chapter 7 bankruptcy (1)
1 1 2 6 
Trial modifications (2)
8 3 19 15 
Total modifications$72 $40 $156 $104 
(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 September 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 nine months ended September 30, 2022 and 2021.
Credit Card and Other Consumer – TDRs Entered into During the Three and Nine Months Ended September 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 September 30, 2022Nine Months Ended September 30, 2022
Credit card$86 $90 21.17 %3.80 %$198 $206 21.02 %3.82 %
Direct/Indirect consumer2 2 5.65 5.65 5 4 5.48 5.48 
Total $88 $92 20.87 3.83 $203 $210 20.69 3.86 
Three Months Ended September 30, 2021Nine Months Ended September 30, 2021
Credit card$66 $71 18.48 %3.71 %$189 $200 18.47 %4.26 %
Direct/Indirect consumer4 2 5.20 5.20 13 8 5.53 5.53 
Total $70 $73 18.06 3.76 $202 $208 17.99 4.31 
(1)Includes accrued interest and fees.
The table below presents the September 30, 2022 and 2021 carrying value for Credit Card and Other Consumer loans that were modified in a TDR during the three and nine months ended September 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 September 30		TDRs Entered into During the
Nine Months Ended September 30
(Dollars in millions)
2022202120222021
Internal programs$77 $60 $174 $166 
External programs
13 11 32 37 
Other
2 2 4 5 
Total$92 $73 $210 $208 
(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 September 30, 2022
Allowance for loan and lease losses, July 1$396 $6,216 $5,361 $11,973 
Loans and leases charged off(13)(696)(100)(809)
Recoveries of loans and leases previously charged off34 216 39 289 
Net charge-offs21 (480)(61)(520)
Provision for loan and lease losses(37)760 122 845 
Other 4 — — 4 
Allowance for loan and lease losses, September 30
384 6,496 5,422 12,302 
Reserve for unfunded lending commitments, July 179 — 1,382 1,461 
Provision for unfunded lending commitments(1)— 54 53 
Other— — 1 1 
Reserve for unfunded lending commitments, September 30
78 — 1,437 1,515 
Allowance for credit losses, September 30
$462 $6,496 $6,859 $13,817 
Three Months Ended September 30, 2021
Allowance for loan and lease losses, July 1$597 $6,835 $6,663 $14,095 
Loans and leases charged off(15)(626)(165)(806)
Recoveries of loans and leases previously charged off56 256 31 343 
Net charge-offs41 (370)(134)(463)
Provision for loan and lease losses(85)175 (565)(475)
Other2 (1)(3)(2)
Allowance for loan and lease losses, September 30
555 6,639 5,961 13,155 
Reserve for unfunded lending commitments, July 1107 — 1,580 1,687 
Provision for unfunded lending commitments(9)— (140)(149)
Reserve for unfunded lending commitments, September 30
98 — 1,440 1,538 
Allowance for credit losses, September 30
$653 $6,639 $7,401 $14,693 
(Dollars in millions)Nine Months Ended September 30, 2022
Allowance for loan and lease losses, January 1$557 $6,476 $5,354 $12,387 
Loans and leases charged off(196)(2,007)(284)(2,487)
Recoveries of loans and leases previously charged off195 684 125 1,004 
Net charge-offs(1)(1,323)(159)(1,483)
Provision for loan and lease losses(179)1,344 229 1,394 
Other7 (1)(2)4 
Allowance for loan and lease losses, September 30
384 6,496 5,422 12,302 
Reserve for unfunded lending commitments, January 196 — 1,360 1,456 
Provision for unfunded lending commitments(18)— 75 57 
Other— — 2 2 
Reserve for unfunded lending commitments, September 30
78 — 1,437 1,515 
Allowance for credit losses, September 30
$462 $6,496 $6,859 $13,817 
Nine Months Ended September 30, 2021
Allowance for loan and lease losses, January 1$858 $9,213 $8,731 $18,802 
Loans and leases charged off(60)(2,402)(591)(3,053)
Recoveries of loans and leases previously charged off170 757 245 1,172 
Net charge-offs110 (1,645)(346)(1,881)
Provision for loan and lease losses(414)(929)(2,423)(3,766)
Other1 — (1)— 
Allowance for loan and lease losses, September 30
555 6,639 5,961 13,155 
Reserve for unfunded lending commitments, January 1137 — 1,741 1,878 
Provision for unfunded lending commitments(39)— (300)(339)
Other— — (1)(1)
Reserve for unfunded lending commitments, September 30
98 — 1,440 1,538 
Allowance for credit losses, September 30
$653 $6,639 $7,401 $14,693