As more fully described in Note 23 Fee-based Revenue from Contracts with Customers in our 2018 Form 10-K, a subset of our noninterest income relates to certain fee-based revenue within the scope of ASC Topic 606 - Revenue from Contracts with Customers (Topic 606).

Fee-based revenue within the scope of Topic 606 is recognized within three of our reportable business segments, Retail Banking, Corporate & Institutional Banking and Asset Management Group. Income recognized from our investment in BlackRock, also a reportable segment, is outside of the scope of the standard. Topic 606 also excludes interest income, income from lease contracts, fair value gains from financial instruments (including derivatives), income from mortgage servicing rights and guarantee products, letter of credit fees, non-refundable fees associated with acquiring or originating a loan and gains from the sale of financial assets.

The following tables present noninterest income within the scope of Topic 606 disaggregated by segment. A description of the fee-based revenue and how it is recognized for each segment’s principal services and products follows each table.

Table 72: Retail Banking Noninterest Income Disaggregation



	Three months ended June 30				Six months ended June 30
In millions	2019		2018		2019		2018
Product
Deposit account fees	$	154	$	145	$	302	$	289
Debit card fees	136		127		260		244
Brokerage fees	86		88		175		174
Merchant services	56		55		104		102
Net credit card fees (a)	51		49		99		94
Other	62		73		128		143
Total in-scope noninterest income by product	$	545	$	537	$	1,068	$	1,046
Reconciliation to total Retail Banking noninterest income
Total in-scope noninterest income	$	545	$	537	$	1,068	$	1,046
Total out-of-scope noninterest income (b)	112		141		184		267
Total Retail Banking noninterest income	$	657	$	678	$	1,252	$	1,313

Retail Banking provides demand deposit, money market and savings account products for consumer and small business customers. Services include online and branch banking, overdraft and wire transfer services, imaging services and cash alternative services such as money orders and cashier's checks. We recognize fee income at the time these services are performed for the customer.

As an issuing bank, Retail Banking earns interchange fee revenue from debit and credit card transactions. By offering card products, we maintain and administer card-related services, such as credit card reward programs, account data and statement information, card activation, card renewals, and card suspension and blockage. Interchange fees are earned when cardholders make purchases and are presented net of credit card reward costs.

Retail Banking earns fee revenue by providing its customers a wide range of investment options through its brokerage services including mutual funds, annuities, stocks, bonds, long-term care and insurance products, and managed accounts. We earn fee revenue for transaction-based brokerage services, such as the execution of market trades, once the transaction has been completed as of the trade date. In other cases, such as investment management services, we earn fee revenue over the term of the customer contract.

Retail Banking earns fee revenue for debit and credit card processing services. We provide these services to merchant businesses including point-of-sale payment acceptance capabilities and customized payment processing built around the merchant’s specific requirements. We earn fee revenue as the merchant's customers make purchases.



	Three months ended June 30				Six months ended June 30
In millions	2019		2018		2019		2018
Product
Treasury management fees	$	212	$	197	$	411	$	382
Capital markets fees	149		135		276		250
Commercial mortgage banking activities	24		21		49		42
Other	19		19		36		35
Total in-scope noninterest income by product	$	404	$	372	$	772	$	709
Reconciliation to total Corporate & Institutional Banking noninterest income
Total in-scope noninterest income	$	404	$	372	$	772	$	709
Total out-of-scope noninterest income (a)	257		263		465		473
Total Corporate & Institutional Banking noninterest income	$	661	$	635	$	1,237	$	1,182

Corporate & Institutional Banking provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services and access to online/mobile information management and reporting services. Treasury management fees are recognized over time as we perform these services.

Capital markets fees include securities underwriting fees, merger and acquisition advisory fees and other advisory related fees. We recognize these fees when the related transaction closes.

Commercial mortgage banking activities include servicing responsibilities where we do not own the servicing rights. Servicing responsibilities typically consist of collecting and remitting monthly borrower principal and interest payments, maintaining escrow deposits, performing loss mitigation and foreclosure activities, and, in certain instances, funding of servicing advances. We recognize servicing fees over time as we perform these activities.

Other noninterest income within Corporate & Institutional Banking primarily comprised fees from collateral management and asset management services. We earn these fees over time as we perform these services.



	Three months ended June 30				Six months ended June 30
In millions	2019		2018		2019		2018
Customer Type
Personal	$	157	$	152	$	304	$	306
Institutional	64		68		129		136
Total in-scope noninterest income by customer type	$	221	$	220	$	433	$	442
Reconciliation to Asset Management Group noninterest income
Total in-scope noninterest income	$	221	$	220	$	433	$	442
Total out-of-scope noninterest income (a)	65		2		70		6
Total Asset Management Group noninterest income	$	286	$	222	$	503	$	448

Asset Management Group provides both personal wealth and institutional asset management services including investment management, custody services, retirement planning, family planning, trust management and retirement administration services. We recognize fee revenue over the term of the customer contract based on the value of assets under management at a point in time.