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Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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 June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
90

 
$
295

 
$
128

 
$
21

 
$
95

 
$
29

 
$
35

 
$
10

 
$
703

Provision charged (credited) to income
(3
)
 
(2
)
 
2

 
(3
)
 
(6
)
 
—

 
4

 
2

 
(6
)
Charge offs
(1
)
 
(38
)
 
—

 
—

 
(10
)
 
(3
)
 
(8
)
 
(4
)
 
(64
)
Recoveries
3

 
5

 
—

 
—

 
4

 
1

 
2

 
—

 
15

Net (charge offs) recoveries
2

 
(33
)
 
—

 
—

 
(6
)
 
(2
)
 
(6
)
 
(4
)
 
(49
)
Allowance for credit losses – end of period
$
89

 
$
260

 
$
130

 
$
18

 
$
83

 
$
27

 
$
33

 
$
8

 
$
648

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
93

 
$
129

 
$
67

 
$
19

 
$
156

 
$
52

 
$
45

 
$
13

 
$
574

Provision charged (credited) to income
6

 
56

 
29

 
(9
)
 
7

 
(8
)
 
4

 
—

 
85

Charge offs
(5
)
 
(6
)
 
—

 
—

 
(19
)
 
(3
)
 
(12
)
 
(3
)
 
(48
)
Recoveries
—

 
1

 
—

 
3

 
5

 
1

 
2

 
1

 
13

Net (charge offs) recoveries
(5
)
 
(5
)
 
—

 
3

 
(14
)
 
(2
)
 
(10
)
 
(2
)
 
(35
)
Allowance for credit losses – end of period
$
94

 
$
180

 
$
96

 
$
13

 
$
149

 
$
42

 
$
39

 
$
11

 
$
624

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
89

 
$
275

 
$
107

 
$
21

 
$
107

 
$
32

 
$
39

 
$
10

 
$
680

Provision charged (credited) to income
(1
)
 
22

 
23

 
(2
)
 
(6
)
 
(2
)
 
7

 
6

 
47

Charge offs
(2
)
 
(44
)
 
—

 
(1
)
 
(24
)
 
(5
)
 
(16
)
 
(10
)
 
(102
)
Recoveries
3

 
7

 
—

 
—

 
6

 
2

 
3

 
2

 
23

Net (charge offs) recoveries
1

 
(37
)
 
—

 
(1
)
 
(18
)
 
(3
)
 
(13
)
 
(8
)
 
(79
)
Allowance for credit losses – end of period
$
89

 
$
260

 
$
130

 
$
18

 
$
83

 
$
27

 
$
33

 
$
8

 
$
648

Ending balance: collectively evaluated for impairment
$
86

 
$
257

 
$
130

 
$
17

 
$
42

 
$
26

 
$
32

 
$
8

 
$
598

Ending balance: individually evaluated for impairment
3

 
3

 
—

 
1

 
41

 
1

 
1

 
—

 
50

Total allowance for credit losses
$
89

 
$
260

 
$
130

 
$
18

 
$
83

 
$
27

 
$
33

 
$
8

 
$
648

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
11,388

 
$
19,624

 
$
28,929

 
$
3,415

 
$
15,478

 
$
1,610

 
$
686

 
$
410

 
$
81,540

Individually evaluated for impairment(1)
132

 
88

 
13

 
7

 
262

 
5

 
6

 
—

 
513

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

 
—

 
—

 
—

 
1,493

 
71

 
—

 
—

 
1,564

Total loans
$
11,520

 
$
19,712

 
$
28,942

 
$
3,422

 
$
17,233

 
$
1,686

 
$
692

 
$
410

 
$
83,617

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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)
Six Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses – beginning of period
$
108

 
$
112

 
$
68

 
$
20

 
$
186

 
$
49

 
$
50

 
$
13

 
$
606

Provision charged (credited) to income
8

 
75

 
36

 
(13
)
 
(9
)
 
(6
)
 
9

 
1

 
101

Charge offs
(24
)
 
(11
)
 
(8
)
 
—

 
(36
)
 
(8
)
 
(23
)
 
(5
)
 
(115
)
Recoveries
2

 
4

 
—

 
6

 
8

 
7

 
3

 
2

 
32

Net (charge offs) recoveries
(22
)
 
(7
)
 
(8
)
 
6

 
(28
)
 
(1
)
 
(20
)
 
(3
)
 
(83
)
Allowance for credit losses – end of period
$
94

 
$
180

 
$
96

 
$
13

 
$
149

 
$
42

 
$
39

 
$
11

 
$
624

Ending balance: collectively evaluated for impairment
$
90

 
$
172

 
$
96

 
$
11

 
$
93

 
$
40

 
$
37

 
$
11

 
$
550

Ending balance: individually evaluated for impairment
4

 
8

 
—

 
2

 
56

 
2

 
2

 
—

 
74

Total allowance for credit losses
$
94

 
$
180

 
$
96

 
$
13

 
$
149

 
$
42

 
$
39

 
$
11

 
$
624

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
9,469

 
$
15,913

 
$
24,268

 
$
3,117

 
$
14,355

 
$
1,830

 
$
673

 
$
473

 
$
70,098

Individually evaluated for impairment(1)
213

 
43

 
—

 
10

 
215

 
19

 
8

 
—

 
508

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

 
—

 
—

 
—

 
1,527

 
65

 
—

 
—

 
1,592

Total loans
$
9,682

 
$
15,956

 
$
24,268

 
$
3,127

 
$
16,097

 
$
1,914

 
$
681

 
$
473

 
$
72,198

 
(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 $775 million and $725 million at June 30, 2015 and 2014, respectively.