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Business Segment Reporting Business Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Business Segment Reporting [Table Text Block]


 
Three Months Ended March 31, 2018
(Dollars in millions)
Consumer
 
Wholesale
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
Average LHFI

$74,093

 

$68,741

 

$90

 

($4
)
 

$142,920

Average consumer and commercial deposits
103,099

 
56,050

 
204

 
(184
)
 
159,169

Average total assets
83,716

 
82,472

 
35,489

 
2,455

 
204,132

Average total liabilities
103,925

 
61,902

 
13,877

 
(177
)
 
179,527

Average total equity
—

 
—

 
—

 
24,605

 
24,605

Statements of Income:
 
 
 
 
 
 
 
 
 
Net interest income

$961

 

$563

 

($28
)
 

($55
)
 

$1,441

FTE adjustment
—

 
20

 
1

 
(1
)
 
20

Net interest income-FTE 1
961

 
583

 
(27
)
 
(56
)
 
1,461

Provision/(benefit) for credit losses 2
60

 
(32
)
 
—

 
—

 
28

Net interest income after provision/(benefit) for credit losses-FTE
901

 
615

 
(27
)
 
(56
)
 
1,433

Total noninterest income
443

 
371

 
14

 
(32
)
 
796

Total noninterest expense
966

 
477

 
(21
)
 
(5
)
 
1,417

Income before provision for income taxes-FTE
378

 
509

 
8

 
(83
)
 
812

Provision for income taxes-FTE 3
83

 
119

 
9

 
(44
)
 
167

Net income including income attributable to noncontrolling interest
295

 
390

 
(1
)
 
(39
)
 
645

Less: Net income attributable to noncontrolling interest
—

 
—

 
2

 
—

 
2

Net income

$295

 

$390

 

($3
)
 

($39
)
 

$643


1 Presented on a matched maturity funds transfer price basis for the segments.
2 Provision/(benefit) for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision/(benefit) attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
3 Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.

 
  Three Months Ended March 31, 2017 1, 2
(Dollars in millions)
Consumer
 
Wholesale
 
Corporate Other
 
Reconciling
Items
 
Consolidated
Balance Sheets:
 
 
 
 
 
 
 
 
 
Average LHFI

$71,147

 

$71,237

 

$1,286

 

$—

 

$143,670

Average consumer and commercial deposits
101,941

 
56,866

 
117

 
(50
)
 
158,874

Average total assets
81,265

 
84,632

 
35,241

 
3,114

 
204,252

Average total liabilities
102,896

 
62,512

 
15,196

 
(23
)
 
180,581

Average total equity
—

 
—

 
—

 
23,671

 
23,671

Statements of Income:
 
 
 
 
 
 
 
 
 
Net interest income

$894

 

$527

 

$26

 

($81
)
 

$1,366

FTE adjustment
—

 
34

 
1

 
(1
)
 
34

Net interest income-FTE 3
894

 
561

 
27

 
(82
)
 
1,400

Provision for credit losses 4
88

 
32

 
—

 
(1
)
 
119

Net interest income after provision for credit losses-FTE
806

 
529

 
27

 
(81
)
 
1,281

Total noninterest income
464

 
401

 
24

 
(42
)
 
847

Total noninterest expense
992

 
479

 
(2
)
 
(4
)
 
1,465

Income before provision for income taxes-FTE
278

 
451

 
53

 
(119
)
 
663

Provision for income taxes-FTE 5
100

 
168

 
(6
)
 
(69
)
 
193

Net income including income attributable to noncontrolling interest
178

 
283

 
59

 
(50
)
 
470

Less: Net income attributable to noncontrolling interest
—

 
—

 
2

 
—

 
2

Net income

$178

 

$283

 

$57

 

($50
)
 

$468


1 Beginning in the second quarter of 2017, the Company realigned its business segment structure from three segments to two segments. Specifically, the Company retained the previous composition of the Wholesale Banking segment and changed the basis of presentation of the Consumer Banking and Private Wealth Management segment and Mortgage Banking segment such that those segments were combined into a single Consumer segment. Accordingly, business segment information presented for the three months ended March 31, 2017 has been revised to conform to the new business segment structure and updated internal funds transfer pricing methodology for consistent presentation.
2 During the fourth quarter of 2017, the Company sold PAC, the results of which were previously reported within the Wholesale business segment. For all periods prior to January 1, 2018, PAC's financial results, including the gain on sale, have been transferred to Corporate Other for enhanced comparability of the Wholesale business segment excluding PAC.
3 Presented on a matched maturity funds transfer price basis for the segments.
4 Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to quarterly changes in the ALLL and unfunded commitment reserve balances.
5 Includes regular provision for income taxes as well as FTE income and tax credit adjustment reversals.