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Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2015
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 three months ended March 31, 2015 and 2014:
 
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)
Three Months Ended March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
89

 
$
275

 
$
107

 
$
21

 
$
107

 
$
32

 
$
39

 
$
10

 
$
680

Provision charged (credited) to income
2

 
24

 
21

 
1

 
—

 
(2
)
 
3

 
4

 
53

Charge offs
(1
)
 
(6
)
 
—

 
(1
)
 
(14
)
 
(2
)
 
(8
)
 
(6
)
 
(38
)
Recoveries
—

 
2

 
—

 
—

 
2

 
1

 
1

 
2

 
8

Net (charge offs) recoveries
(1
)
 
(4
)
 
—

 
(1
)
 
(12
)
 
(1
)
 
(7
)
 
(4
)
 
(30
)
Allowance for credit losses – end of period
$
90

 
$
295

 
$
128

 
$
21

 
$
95

 
$
29

 
$
35

 
$
10

 
$
703

Ending balance: collectively evaluated for impairment
$
87

 
$
272

 
$
128

 
$
20

 
$
53

 
$
28

 
$
33

 
$
10

 
$
631

Ending balance: individually evaluated for impairment
3

 
23

 
—

 
1

 
42

 
1

 
2

 
—

 
72

Total allowance for credit losses
$
90

 
$
295

 
$
128

 
$
21

 
$
95

 
$
29

 
$
35

 
$
10

 
$
703

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
10,702

 
$
19,155

 
$
28,016

 
$
3,459

 
$
15,281

 
$
1,640

 
$
674

 
$
424

 
$
79,351

Individually evaluated for impairment(1)
199

 
96

 
13

 
7

 
217

 
5

 
6

 
—

 
543

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

 
—

 
—

 
—

 
1,493

 
71

 
—

 
—

 
1,564

Total loans
$
10,901

 
$
19,251

 
$
28,029

 
$
3,466

 
$
16,991

 
$
1,716

 
$
680

 
$
424

 
$
81,458

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
108

 
$
112

 
$
68

 
$
20

 
$
186

 
$
49

 
$
50

 
$
13

 
$
606

Provision charged (credited) to income
2

 
19

 
7

 
(4
)
 
(16
)
 
2

 
5

 
1

 
16

Charge offs
(19
)
 
(5
)
 
(8
)
 
—

 
(17
)
 
(5
)
 
(11
)
 
(2
)
 
(67
)
Recoveries
2

 
3

 
—

 
3

 
3

 
6

 
1

 
1

 
19

Net (charge offs) recoveries
(17
)
 
(2
)
 
(8
)
 
3

 
(14
)
 
1

 
(10
)
 
(1
)
 
(48
)
Allowance for credit losses – end of period
$
93

 
$
129

 
$
67

 
$
19

 
$
156

 
$
52

 
$
45

 
$
13

 
$
574

Ending balance: collectively evaluated for impairment
$
84

 
$
126

 
$
67

 
$
18

 
$
96

 
$
50

 
$
43

 
$
13

 
$
497

Ending balance: individually evaluated for impairment
9

 
3

 
—

 
1

 
60

 
2

 
2

 
—

 
77

Total allowance for credit losses
$
93

 
$
129

 
$
67

 
$
19

 
$
156

 
$
52

 
$
45

 
$
13

 
$
574

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
8,905

 
$
15,681

 
$
21,979

 
$
3,031

 
$
14,150

 
$
1,851

 
$
674

 
$
483

 
$
66,754

Individually evaluated for impairment(1)
260

 
17

 
—

 
20

 
202

 
19

 
9

 
—

 
527

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

 
—

 
—

 
—

 
1,548

 
68

 
—

 
—

 
1,616

Total loans
$
9,165

 
$
15,698

 
$
21,979

 
$
3,051

 
$
15,900

 
$
1,938

 
$
683

 
$
483

 
$
68,897

 
(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 $778 million and $718 million at March 31, 2015 and 2014, respectively.