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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Summary of Changes in the Allowance for Credit Losses and the Related Loan Balance by Product
The following table summarizes the changes in the allowance for credit losses by product and the related loan balance by product during the years ended December 31, 2014, 2013 and 2012:
 
Commercial
 
Consumer
 
 
  
Construction
and Other
Real Estate
 
Business
and Corporate Banking
 
Global
Banking
 
Other
Comm’l
 
Residential
Mortgages
 
Home
Equity
Mortgages
 
Credit
Card
 
Other
Consumer
 
Total
 
(in millions)
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
108

 
$
112

 
$
68

 
$
20

 
$
186

 
$
49

 
$
50

 
$
13

 
$
606

Provision charged (credited) to income
2

 
174

 
47

 
(7
)
 
(40
)
 
(14
)
 
23

 
3

 
188

Charge offs
(24
)
 
(19
)
 
(8
)
 
(1
)
 
(55
)
 
(13
)
 
(41
)
 
(8
)
 
(169
)
Recoveries
3

 
8

 
—

 
9

 
16

 
10

 
7

 
2

 
55

Net (charge offs) recoveries
(21
)
 
(11
)
 
(8
)
 
8

 
(39
)
 
(3
)
 
(34
)
 
(6
)
 
(114
)
Allowance for credit losses – end of period
$
89

 
$
275

 
$
107

 
$
21

 
$
107

 
$
32

 
$
39

 
$
10

 
$
680

Ending balance: collectively evaluated for impairment
$
84

 
$
251

 
$
107

 
$
20

 
$
64

 
$
30

 
$
37

 
$
10

 
$
603

Ending balance: individually evaluated for impairment
5

 
24

 
—

 
1

 
43

 
2

 
2

 
—

 
77

Total allowance for credit losses
$
89

 
$
275

 
$
107

 
$
21

 
$
107

 
$
32

 
$
39

 
$
10

 
$
680

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
10,103

 
$
17,729

 
$
26,387

 
$
3,573

 
$
14,926

 
$
1,709

 
$
714

 
$
489

 
$
75,630

Individually evaluated for impairment(1)
197

 
90

 
—

 
8

 
224

 
5

 
6

 
—

 
530

Loans carried at lower of amortized cost or fair value less cost to sell
—

 
—

 
—

 
—

 
1,511

 
70

 
—

 
—

 
1,581

Total loans
$
10,300

 
$
17,819

 
$
26,387

 
$
3,581

 
$
16,661

 
$
1,784

 
$
720

 
$
489

 
$
77,741

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
162

 
$
97

 
$
41

 
$
17

 
$
210

 
$
45

 
$
55

 
$
20

 
$
647

Provision charged (credited) to income
(7
)
 
48

 
26

 
(5
)
 
42

 
54

 
32

 
3

 
193

Charge offs
(62
)
 
(42
)
 
—

 
—

 
(78
)
 
(52
)
 
(41
)
 
(13
)
 
(288
)
Recoveries
15

 
9

 
1

 
8

 
12

 
2

 
4

 
3

 
54

Net (charge offs) recoveries
(47
)
 
(33
)
 
1

 
8

 
(66
)
 
(50
)
 
(37
)
 
(10
)
 
(234
)
Allowance for credit losses – end of period
$
108

 
$
112

 
$
68

 
$
20

 
$
186

 
$
49

 
$
50

 
$
13

 
$
606

Ending balance: collectively evaluated for impairment
$
76

 
$
109

 
$
63

 
$
20

 
$
120

 
$
47

 
$
48

 
$
13

 
$
496

Ending balance: individually evaluated for impairment
32

 
3

 
5

 
—

 
66

 
2

 
2

 
—

 
110

Total allowance for credit losses
$
108

 
$
112

 
$
68

 
$
20

 
$
186

 
$
49

 
$
50

 
$
13

 
$
606

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
8,701

 
$
14,420

 
$
21,560

 
$
3,346

 
$
14,034

 
$
1,924

 
$
846

 
$
510

 
$
65,341

Individually evaluated for impairment(1)
333

 
26

 
65

 
43

 
247

 
20

 
8

 
—

 
742

Loans carried at lower of amortized cost or fair value less cost to sell
—

 
—

 
—

 
—

 
1,545

 
67

 
—

 
—

 
1,612

Total loans
$
9,034

 
$
14,446

 
$
21,625

 
$
3,389

 
$
15,826

 
$
2,011

 
$
854

 
$
510

 
$
67,695



 
Commercial
 
Consumer
 
 
  
Construction
and Other
Real Estate
 
Business
and Corporate Banking
 
Global
Banking
 
Other
Comm’l
 
Residential
Mortgages
 
Home
Equity
Mortgages
 
Credit
Card
 
Other
Consumer
 
Total
 
(in millions)
Year Ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
212

 
$
78

 
$
131

 
$
21

 
$
192

 
$
52

 
$
39

 
$
18

 
$
743

Provision charged (credited) to income
(33
)
 
48

 
14

 
(10
)
 
114

 
72

 
67

 
21

 
293

Charge offs
(36
)
 
(37
)
 
(105
)
 
(1
)
 
(107
)
 
(79
)
 
(62
)
 
(25
)
 
(452
)
Recoveries
19

 
8

 
1

 
7

 
11

 
—

 
11

 
6

 
63

Net (charge offs) recoveries
(17
)
 
(29
)
 
(104
)
 
6

 
(96
)
 
(79
)
 
(51
)
 
(19
)
 
$
(389
)
Allowance for credit losses – end of period
$
162

 
$
97

 
$
41

 
$
17

 
$
210

 
$
45

 
$
55

 
$
20

 
$
647

Ending balance: collectively evaluated for impairment
$
76

 
$
87

 
$
41

 
$
17

 
$
105

 
$
41

 
$
50

 
$
20

 
$
437

Ending balance: individually evaluated for impairment
86

 
10

 
—

 
—

 
105

 
4

 
5

 
—

 
210

Total allowance for credit losses
$
162

 
$
97

 
$
41

 
$
17

 
$
210

 
$
45

 
$
55

 
$
20

 
$
647

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
7,960

 
$
12,502

 
$
19,991

 
$
3,000

 
$
13,633

 
$
2,233

 
$
801

 
$
598

 
$
60,718

Individually evaluated for impairment(1)
497

 
106

 
18

 
76

 
331

 
21

 
14

 
—

 
1,063

Loans carried at lower of amortized cost or fair value less cost to sell
—

 
—

 
—

 
—

 
1,407

 
70

 
—

 
—

 
1,477

Total loans
$
8,457

 
$
12,608

 
$
20,009

 
$
3,076

 
$
15,371

 
$
2,324

 
$
815

 
$
598

 
$
63,258

 
(1) 
For consumer loans and certain small business loans, these amounts represent TDR Loans for which we evaluate reserves using a discounted cash flow methodology. Each loan is individually identified as a TDR Loan and then grouped together with other TDR Loans with similar characteristics. The discounted cash flow analysis is then applied to these groups of TDR Loans. Loans individually evaluated for impairment exclude TDR loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell which totaled $763 million, $706 million and $608 million at December 31, 2014, 2013 and 2012, respectively.