Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2018

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 by loan segment is presented in the following tables:



	Three Months Ended June 30, 2018									Six Months Ended June 30, 2018
(Dollars in millions)	Commercial			Consumer			Total			Commercial			Consumer			Total
ALLL, beginning of period		$1,068			$626			$1,694			$1,101			$634			$1,735
Provision for loan losses	17			12			29			1			66			67
Loan charge-offs	(21		)	(80		)	(101		)	(44		)	(163		)	(207		)
Loan recoveries	4			24			28			10			45			55
ALLL, end of period	1,068			582			1,650			1,068			582			1,650

Unfunded commitments reserve, beginning of period ¹	69			—			69			79			—			79
Provision/(benefit) for unfunded commitments	3			—			3			(7		)	—			(7		)
Unfunded commitments reserve, end of period ¹	72			—			72			72			—			72

Allowance for credit losses		$1,140			$582			$1,722			$1,140			$582			$1,722

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



	Three Months Ended June 30, 2017									Six Months Ended June 30, 2017
(Dollars in millions)	Commercial			Consumer			Total			Commercial			Consumer			Total
ALLL, beginning of period		$1,120			$594			$1,714			$1,124			$585			$1,709
Provision for loan losses	39			48			87			84			120			204
Loan charge-offs	(26		)	(75		)	(101		)	(89		)	(159		)	(248		)
Loan recoveries	7			24			31			21			45			66
ALLL, end of period	1,140			591			1,731			1,140			591			1,731

Unfunded commitments reserve, beginning of period ¹	69			—			69			67			—			67
Provision for unfunded commitments	3			—			3			5			—			5
Unfunded commitments reserve, end of period ¹	72			—			72			72			—			72

Allowance for credit losses		$1,212			$591			$1,803			$1,212			$591			$1,803

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

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

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



	June 30, 2018
	Commercial Loans				Consumer Loans				Total
(Dollars in millions)	Carrying Value		Related ALLL		Carrying Value		Related ALLL		Carrying Value		Related ALLL
LHFI evaluated for impairment:
Individually evaluated		$256		$26		$2,566		$171		$2,822		$197
Collectively evaluated	76,845		1,042		65,091		411		141,936		1,453
Total evaluated	77,101		1,068		67,657		582		144,758		1,650
LHFI measured at fair value	—		—		177		—		177		—
Total LHFI		$77,101		$1,068		$67,834		$582		$144,935		$1,650



	December 31, 2017
	Commercial Loans				Consumer Loans				Total
(Dollars in millions)	Carrying Value		Related ALLL		Carrying Value		Related ALLL		Carrying Value		Related ALLL
LHFI evaluated for impairment:
Individually evaluated		$173		$21		$2,648		$183		$2,821		$204
Collectively evaluated	75,304		1,080		64,860		451		140,164		1,531
Total evaluated	75,477		1,101		67,508		634		142,985		1,735
LHFI measured at fair value	—		—		196		—		196		—
Total LHFI		$75,477		$1,101		$67,704		$634		$143,181		$1,735