Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2017

Allowance for Credit Losses [Abstract]

Activity in the Allowance for Credit Losses

The allowance for credit losses consists of the ALLL and the unfunded commitments reserve. Activity in the allowance for credit losses is summarized in the following table:

	Three Months Ended March 31
(Dollars in millions)	2017			2016
Balance, beginning of period		$1,776			$1,815
Provision for loan losses	117			103
Provision/(benefit) for unfunded commitments	2			(2		)
Loan charge-offs	(146		)	(112		)
Loan recoveries	34			27
Balance, end of period		$1,783			$1,831
Components:
ALLL		$1,714			$1,770
Unfunded commitments reserve 1	69			61
Allowance for credit losses		$1,783			$1,831

¹ The unfunded commitments reserve is recorded in other liabilities in the Consolidated Balance Sheets.

Activity in the ALLL by Segment

Activity in the ALLL by loan segment is presented in the following tables:

	Three Months Ended March 31, 2017
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,124			$369			$216			$1,709
Provision for loan losses	46			5			66			117
Loan charge-offs	(63		)	(29		)	(54		)	(146		)
Loan recoveries	13			9			12			34
Balance, end of period		$1,120			$354			$240			$1,714
	Three Months Ended March 31, 2016
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,047			$534			$171			$1,752
Provision/(benefit) for loan losses	98			(32		)	37			103
Loan charge-offs	(32		)	(41		)	(39		)	(112		)
Loan recoveries	10			6			11			27
Balance, end of period		$1,123			$467			$180			$1,770

Loans Held for Investment portfolio and Related Allowance for Loan and Lease Losses

The Company’s LHFI portfolio and related ALLL is presented in the following tables:

	March 31, 2017
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$352		$30		$2,515		$208		$170		$8		$3,037		$246
Collectively evaluated	77,901		1,090		35,814		146		26,556		232		140,271		1,468
Total evaluated	78,253		1,120		38,329		354		26,726		240		143,308		1,714
LHFI at fair value	—		—		221		—		—		—		221		—
Total LHFI		$78,253		$1,120		$38,550		$354		$26,726		$240		$143,529		$1,714

	December 31, 2016
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$382		$33		$2,518		$215		$168		$7		$3,068		$255
Collectively evaluated	77,842		1,091		36,250		154		25,916		209		140,008		1,454
Total evaluated	78,224		1,124		38,768		369		26,084		216		143,076		1,709
LHFI at fair value	—		—		222		—		—		—		222		—
Total LHFI		$78,224		$1,124		$38,990		$369		$26,084		$216		$143,298		$1,709