Loans (Tables)

9 Months Ended

Sep. 30, 2021

Accounts, Notes, Loans and Financing Receivable [Line Items]

Components of Loans

Loans consisted of the following:

	September 30, 2021		December 31, 2020
	(in millions)
Commercial loans:
Real estate, including construction	$	8,250	$	10,464
Business and corporate banking(1)	12,788		13,479
Global banking(2)	11,440		13,519
Other commercial:
Affiliates(3)	2,857		1,100
Other	3,579		3,037
Total other commercial	6,436		4,137
Total commercial	38,914		41,599
Consumer loans:
Residential mortgages	16,093		18,377
Home equity mortgages	369		727
Credit cards	—		1,066
Other consumer(4)	150		319
Total consumer(5)	16,612		20,489
Total loans	$	55,526	$	62,088

(1)Includes loans funded under the Paycheck Protection Program ("PPP") which totaled $437 million and $1,043 million at September 30, 2021 and December 31, 2020, respectively. PPP loans are fully guaranteed by the Small Business Administration, if certain conditions are met.

(2)Represents large multinational firms including globally focused U.S. corporate and financial institutions, U.S. dollar lending to multinational banking clients managed by HSBC on a global basis and complex large business clients supported by Global Banking and Markets relationship managers.

(3)See Note 15, "Related Party Transactions," for additional information regarding loans to HSBC affiliates.

(4)Includes certain student loans that we have elected to designate under the fair value option and are therefore carried at fair value, which totaled $27 million and $32 million at September 30, 2021 and December 31, 2020, respectively. See Note 11, "Fair Value Option," for further details.

(5)The decrease in loans at September 30, 2021 includes the impact of our decision to exit our mass market retail banking business as well as our remaining retail credit card portfolio which resulted in the transfer of certain loans to held for sale during the second quarter of 2021. See Note 8, "Loans Held for Sale," for additional information.

Summary of Past Due Status of Loans

The following table summarizes the past due status of our loans at September 30, 2021 and December 31, 2020. The aging of past due amounts is determined based on the contractual delinquency status of payments under the loan. An account is generally considered to be contractually delinquent when payments have not been made in accordance with the loan terms. Delinquency status is affected by customer account management policies and practices such as re-age, which results in the re-setting of the contractual delinquency status to current. For COVID-19 related loan modifications in the form of a payment deferral, the borrower’s past due status will not be affected during the deferral period.

	Past Due				Total Past Due 30 Days or More
	30 - 89 Days		90+ Days				Current(1)		Total Loans
	(in millions)
At September 30, 2021
Commercial loans:
Real estate, including construction	$	56	$	5	$	61	$	8,189	$	8,250
Business and corporate banking	124		1		125		12,663		12,788
Global banking	—		23		23		11,417		11,440
Other commercial	16		—		16		6,420		6,436
Total commercial	196		29		225		38,689		38,914
Consumer loans:
Residential mortgages	203		264		467		15,626		16,093
Home equity mortgages	5		19		24		345		369
Credit cards	—		—		—		—		—
Other consumer	3		3		6		144		150
Total consumer(2)	211		286		497		16,115		16,612
Total loans	$	407	$	315	$	722	$	54,804	$	55,526
At December 31, 2020
Commercial loans:
Real estate, including construction	$	78	$	—	$	78	$	10,386	$	10,464
Business and corporate banking	126		19		145		13,334		13,479
Global banking	—		60		60		13,459		13,519
Other commercial	24		—		24		4,113		4,137
Total commercial	228		79		307		41,292		41,599
Consumer loans:
Residential mortgages	435		311		746		17,631		18,377
Home equity mortgages	11		22		33		694		727
Credit cards	23		19		42		1,024		1,066
Other consumer	7		6		13		306		319
Total consumer	476		358		834		19,655		20,489
Total loans	$	704	$	437	$	1,141	$	60,947	$	62,088

(1)Loans less than 30 days past due are presented as current.

(2)The decrease in past due loans at September 30, 2021 includes the impact of our decision to exit our mass market retail banking business as well as our remaining retail credit card portfolio which resulted in the transfer of certain loans to held for sale during the second quarter of 2021, including $115 million of consumer loans which were past due 30 days or more.

Summary of Nonaccrual Loans and Accruing Receivables 90 Days or More Delinquent

Nonperforming loans, including nonaccrual loans and accruing loans contractually 90 days or more past due, consisted of the following:

	Nonaccrual Loans		Accruing Loans Contractually Past Due 90 Days or More		Nonaccrual Loans With No Allowance For Credit Losses
	(in millions)
At September 30, 2021
Commercial:
Real estate, including construction	$	128	$	—	$	35
Business and corporate banking	139		1		73
Global banking	132		—		90
Total commercial	399		1		198
Consumer:
Residential mortgages(1)(2)(3)	785		—		214
Home equity mortgages(1)(2)	47		—		26
Credit cards	—		—		—
Other consumer	—		—		—
Total consumer(4)	832		—		240
Total nonperforming loans	$	1,231	$	1	$	438
At December 31, 2020
Commercial:
Real estate, including construction	$	44	$	—	$	31
Business and corporate banking	163		—		1
Global banking	337		—		93
Total commercial	544		—		125
Consumer:
Residential mortgages(1)(2)(3)	1,079		—		241
Home equity mortgages(1)(2)	63		—		34
Credit cards	—		19		—
Other consumer	—		2		—
Total consumer	1,142		21		275
Total nonperforming loans	$	1,686	$	21	$	400

(1)At September 30, 2021 and December 31, 2020, nonaccrual consumer mortgage loans include $323 million and $375 million, respectively, of loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell.

(2)Nonaccrual consumer mortgage loans include all loans which are 90 or more days contractually delinquent as well as loans discharged under Chapter 7 bankruptcy and not re-affirmed and second lien loans where the first lien loan that we own or service is 90 or more days contractually delinquent. At September 30, 2021 and December 31, 2020, nonaccrual consumer mortgage loans also included $367 million and $590 million, respectively, of loans under COVID-19 related payment deferral programs where the borrowers utilized a payment deferral of more than six months and, as a result, have been placed on nonaccrual status.

(3)Nonaccrual consumer mortgage loans for all periods does not include guaranteed loans purchased from the Government National Mortgage Association. Repayment of these loans is predominantly insured by the Federal Housing Administration and as such, these loans have different risk characteristics from the rest of our consumer loan portfolio.

(4)The decrease in nonperforming loans at September 30, 2021 includes the impact of our decision to exit our mass market retail banking business as well as our remaining retail credit card portfolio which resulted in the transfer of certain loans to held for sale during the second quarter of 2021, including $206 million of nonperforming consumer loans, of which $21 million were accruing loans contractually 90 days or more past due.

Schedule of Additional Information on Nonaccrual Loans

The following table provides additional information on our nonaccrual loans:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in millions)
Interest income that would have been recorded if the nonaccrual loans had been current in accordance with contractual terms during the period	$	11	$	10	$	44	$	29
Interest income that was recorded on nonaccrual loans and included in interest income during the period	6		2		31		8

Summary of TDR Loans

The following table summarizes our TDR Loans at September 30, 2021 and December 31, 2020:

	September 30, 2021		December 31, 2020
	(in millions)
Commercial loans:
Business and corporate banking	$	40	$	94
Global banking	37		74
Total commercial(1)(2)	77		168
Consumer loans:
Residential mortgages(3)(4)	384		582
Home equity mortgages(3)(4)	17		31
Credit cards	—		5
Total consumer(5)	401		618
Total TDR Loans(6)	$	478	$	786

(1)Additional commitments to lend to commercial borrowers whose loans have been modified in TDR Loans totaled $13 million and $107 million at September 30, 2021 and December 31, 2020, respectively.

(2)Not included in the table at September 30, 2021 and December 31, 2020 are $352 million and $924 million, respectively, of commercial loans that were exempted from TDR assessment due to our CARES Act election.

(3)At September 30, 2021 and December 31, 2020, the carrying value of consumer mortgage TDR Loans includes $339 million and $487 million, respectively, of loans that are recorded at the lower of amortized cost or fair value of the collateral less cost to sell.

(4)Not included in the table at September 30, 2021 and December 31, 2020 are $404 million and $736 million, respectively, of consumer mortgage loans under COVID-19 related payment deferral programs where the borrowers were provided with extended payment deferral relief of more than six months that were exempted from TDR assessment due to our CARES Act election.

(5)The decrease in TDR Loans at September 30, 2021 includes the impact of our decision to exit our mass market retail banking business as well as our remaining retail credit card portfolio which resulted in the transfer of certain loans to held for sale during the second quarter of 2021, including $159 million of consumer TDR Loans.

(6)At September 30, 2021 and December 31, 2020, the carrying value of TDR Loans includes $317 million and $463 million, respectively, of loans which are classified as nonaccrual.

Summary of Receivables which were Modified and as a Result became Classified as TDR Loans

The following table presents information about loans which were modified during the three and nine months ended September 30, 2021 and 2020 and as a result of this action became classified as TDR Loans:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in millions)
Commercial loans:
Business and corporate banking	$	—	$	41	$	26	$	45
Global banking	—		—		15		44
Total commercial	—		41		41		89
Consumer loans:
Residential mortgages	1		20		33		27
Home equity mortgages	—		—		1		2
Credit cards	—		1		1		3
Total consumer	1		21		35		32
Total	$	1	$	62	$	76	$	121

Loans Classified as TDR Loans in Previous 12 Months that became 60 Days or Greater Delinquent

The following table presents consumer loans which were classified as TDR Loans during the previous 12 months which subsequently became 60 days or greater contractually delinquent during the three and nine months ended September 30, 2021 and 2020:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in millions)
Consumer loans:
Residential mortgages	$	1	$	2	$	4	$	3
Total consumer	$	1	$	2	$	4	$	3

Commercial Loans [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Summary of Criticized Commercial Loans

The following table summarizes our criticized commercial loans, including a disaggregation of the loans by year of origination as of September 30, 2021 and December 31, 2020:

	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total at Sep. 30, 2021
	(in millions)
Real estate, including construction:
Special mention	$	—	$	—	$	352	$	361	$	110	$	225	$	—	$	—	$	1,048
Substandard	—		—		706		312		357		552		21		11		1,959
Doubtful	—		—		81		2				11		—		—		94
Total real estate, including construction	—		—		1,139		675		467		788		21		11		3,101
Business and corporate banking:
Special mention	—		1		94		64		28		206		226		10		629
Substandard	—		19		40		9		3		250		459		8		788
Doubtful	—		—		—		20		—		30		16		—		66
Total business and corporate banking	—		20		134		93		31		486		701		18		1,483
Global banking:
Special mention	8		39		—		—		—		39		54		—		140
Substandard	19		—		—		—		—		106		266		—		391
Doubtful	—		—		—		—		—		—		31		—		31
Total global banking	27		39		—		—		—		145		351		—		562
Other commercial:
Special mention	—		—		—		—		—		8		—		—		8
Substandard	—		—		—		—		—		70		40		—		110
Doubtful	—		—		—		—		—		—		—		—		—
Total other commercial	—		—		—		—		—		78		40		—		118
Total commercial:
Special mention	8		40		446		425		138		478		280		10		1,825
Substandard	19		19		746		321		360		978		786		19		3,248
Doubtful	—		—		81		22		—		41		47		—		191
Total commercial	$	27	$	59	$	1,273	$	768	$	498	$	1,497	$	1,113	$	29	$	5,264

    

	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total at Dec. 31, 2020
	(in millions)
Real estate, including construction:
Special mention	$	—	$	306	$	115	$	171	$	85	$	437	$	—	$	—	$	1,114
Substandard	—		186		—		169		—		86		—		—		441
Doubtful	—		—		—		—		—		—		—		—		—
Total real estate, including construction	—		492		115		340		85		523		—		—		1,555
Business and corporate banking:
Special mention	17		71		43		32		10		390		600		48		1,211
Substandard	1		44		25		23		31		181		435		1		741
Doubtful	—		—		—		—		—		41		57		—		98
Total business and corporate banking	18		115		68		55		41		612		1,092		49		2,050
Global banking:
Special mention	—		—		—		—		—		142		98		—		240
Substandard	—		—		48		—		—		131		477		—		656
Doubtful	—		—		—		—		—		82		160		—		242
Total global banking	—		—		48		—		—		355		735		—		1,138
Other commercial:
Special mention	—		—		—		—		—		44		40		—		84
Substandard	—		—		—		—		—		70		—		—		70
Doubtful	—		—		—		—		—		—		—		—		—
Total other commercial	—		—		—		—		—		114		40		—		154
Total commercial:
Special mention	17		377		158		203		95		1,013		738		48		2,649
Substandard	1		230		73		192		31		468		912		1		1,908
Doubtful	—		—		—		—		—		123		217		—		340
Total commercial	$	18	$	607	$	231	$	395	$	126	$	1,604	$	1,867	$	49	$	4,897

Summary of Nonperforming Status

The following table summarizes the nonperforming status of our commercial loan portfolio, including a disaggregation of the loans by year of origination as of September 30, 2021 and December 31, 2020:

	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total at Sep. 30, 2021
	(in millions)
Real estate, including construction:
Performing loans	$	7	$	635	$	2,999	$	2,217	$	783	$	1,416	$	49	$	16	$	8,122
Nonaccrual loans	—		—		81		26		—		21		—		—		128
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—		—
Total real estate, including construction	7		635		3,080		2,243		783		1,437		49		16		8,250
Business and corporate banking:
Performing loans	304		647		527		210		217		4,842		5,645		256		12,648
Nonaccrual loans	—		4		14		30		54		1		36		—		139
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		1		—		1
Total business and corporate banking	304		651		541		240		271		4,843		5,682		256		12,788
Global banking:
Performing loans	403		674		327		217		234		4,630		4,823		—		11,308
Nonaccrual loans	—		—		—		—		—		42		90		—		132
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—		—
Total global banking	403		674		327		217		234		4,672		4,913		—		11,440
Other commercial:
Performing loans	214		450		420		205		100		1,141		3,906		—		6,436
Nonaccrual loans	—		—		—		—		—		—		—		—		—
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—		—
Total other commercial	214		450		420		205		100		1,141		3,906		—		6,436
Total commercial:
Performing loans	928		2,406		4,273		2,849		1,334		12,029		14,423		272		38,514
Nonaccrual loans	—		4		95		56		54		64		126		—		399
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		1		—		1
Total commercial	$	928	$	2,410	$	4,368	$	2,905	$	1,388	$	12,093	$	14,550	$	272	$	38,914

	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total at Dec. 31, 2020
	(in millions)
Real estate, including construction:
Performing loans	$	545	$	3,775	$	2,775	$	1,368	$	264	$	1,594	$	79	$	20	$	10,420
Nonaccrual loans	—		—		24		—		—		20		—		—		44
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—		—
Total real estate, including construction	545		3,775		2,799		1,368		264		1,614		79		20		10,464
Business and corporate banking:
Performing loans	1,079		606		253		275		151		3,485		7,145		322		13,316
Nonaccrual loans	1		15		12		60		1		3		71		—		163
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—		—
Total business and corporate banking	1,080		621		265		335		152		3,488		7,216		322		13,479
Global banking:
Performing loans	507		495		190		231		104		6,023		5,632		—		13,182
Nonaccrual loans	—		—		—		—		—		127		210		—		337
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—		—
Total global banking	507		495		190		231		104		6,150		5,842		—		13,519
Other commercial:
Performing loans	378		431		215		105		119		630		2,259		—		4,137
Nonaccrual loans	—		—		—		—		—		—		—		—		—
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—		—
Total other commercial	378		431		215		105		119		630		2,259		—		4,137
Total commercial:
Performing loans	2,509		5,307		3,433		1,979		638		11,732		15,115		342		41,055
Nonaccrual loans	1		15		36		60		1		150		281		—		544
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—		—
Total commercial	$	2,510	$	5,322	$	3,469	$	2,039	$	639	$	11,882	$	15,396	$	342	$	41,599

Summary of Credit Quality Indicators

The following table summarizes the credit risk profile of our commercial loan portfolio, including a disaggregation of the loans by year of origination as of September 30, 2021 and December 31, 2020:

	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total at Sep. 30, 2021
	(in millions)
Real estate, including construction:
Investment grade	$	6	$	318	$	563	$	809	$	129	$	238	$	15	$	—	$	2,078
Non-investment grade	1		317		2,517		1,434		654		1,199		34		16		6,172
Total real estate, including construction	7		635		3,080		2,243		783		1,437		49		16		8,250
Business and corporate banking:
Investment grade	31		263		196		42		23		2,308		2,524		69		5,456
Non-investment grade	273		388		345		198		248		2,535		3,158		187		7,332
Total business and corporate banking	304		651		541		240		271		4,843		5,682		256		12,788
Global banking:
Investment grade	331		666		298		202		234		3,683		4,112		—		9,526
Non-investment grade	72		8		29		15		—		989		801		—		1,914
Total global banking	403		674		327		217		234		4,672		4,913		—		11,440
Other commercial:
Investment grade	43		368		178		204		76		805		3,739		—		5,413
Non-investment grade	171		82		242		1		24		336		167		—		1,023
Total other commercial	214		450		420		205		100		1,141		3,906		—		6,436
Total commercial:
Investment grade	411		1,615		1,235		1,257		462		7,034		10,390		69		22,473
Non-investment grade	517		795		3,133		1,648		926		5,059		4,160		203		16,441
Total commercial	$	928	$	2,410	$	4,368	$	2,905	$	1,388	$	12,093	$	14,550	$	272	$	38,914

	2020		2019		2018		2017		2016		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total at Dec. 31, 2020
	(in millions)
Real estate, including construction:
Investment grade	$	339	$	1,123	$	817	$	318	$	179	$	640	$	6	$	—	$	3,422
Non-investment grade	206		2,652		1,982		1,050		85		974		73		20		7,042
Total real estate, including construction	545		3,775		2,799		1,368		264		1,614		79		20		10,464
Business and corporate banking:
Investment grade	342		147		37		34		23		1,486		2,499		47		4,615
Non-investment grade	738		474		228		301		129		2,002		4,717		275		8,864
Total business and corporate banking	1,080		621		265		335		152		3,488		7,216		322		13,479
Global banking:
Investment grade	464		477		46		231		30		4,618		4,281		—		10,147
Non-investment grade	43		18		144		—		74		1,532		1,561		—		3,372
Total global banking	507		495		190		231		104		6,150		5,842		—		13,519
Other commercial:
Investment grade	372		163		117		105		116		525		1,932		—		3,330
Non-investment grade	6		268		98		—		3		105		327		—		807
Total other commercial	378		431		215		105		119		630		2,259		—		4,137
Total commercial:
Investment grade	1,517		1,910		1,017		688		348		7,269		8,718		47		21,514
Non-investment grade	993		3,412		2,452		1,351		291		4,613		6,678		295		20,085
Total commercial	$	2,510	$	5,322	$	3,469	$	2,039	$	639	$	11,882	$	15,396	$	342	$	41,599

Consumer Loans [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Summary of TDR Loans

The following table summarizes TDR Loans in our consumer loan portfolio, including a disaggregation of the loans by year of origination as of September 30, 2021 and December 31, 2020:

	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total at Sep. 30, 2021
	(in millions)
Residential mortgages	$	—	$	1	$	3	$	6	$	1	$	373	$	—	$	384
Home equity mortgages	—		—		—		—		—		17		—		17
Credit cards	—		—		—		—		—		—		—		—
Total consumer	$	—	$	1	$	3	$	6	$	1	$	390	$	—	$	401

	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total at Dec. 31, 2020
	(in millions)
Residential mortgages	$	3	$	5	$	6	$	3	$	2	$	563	$	—	$	582
Home equity mortgages	—		—		—		—		—		31		—		31
Credit cards	—		—		—		—		—		—		5		5
Total consumer	$	3	$	5	$	6	$	3	$	2	$	594	$	5	$	618

Summary of Nonperforming Status

The following table summarizes the nonperforming status of our consumer loan portfolio, including a disaggregation of the loans by year of origination as of September 30, 2021 and December 31, 2020:

	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total at Sep. 30, 2021
	(in millions)
Residential mortgages:
Performing loans	$	3,574	$	3,527	$	1,677	$	885	$	1,016	$	4,629	$	—	$	15,308
Nonaccrual loans	6		39		74		66		60		540		—		785
Total residential mortgages	3,580		3,566		1,751		951		1,076		5,169		—		16,093
Home equity mortgages:
Performing loans	12		34		28		19		19		210		—		322
Nonaccrual loans	—		—		1		—		—		46		—		47
Total home equity mortgages	12		34		29		19		19		256		—		369
Credit cards:
Performing loans	—		—		—		—		—		—		—		—
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—
Total credit cards	—		—		—		—		—		—		—		—
Other consumer:
Performing loans	6		13		5		1		1		122		2		150
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—
Total other consumer	6		13		5		1		1		122		2		150
Total consumer:
Performing loans	3,592		3,574		1,710		905		1,036		4,961		2		15,780
Nonaccrual loans	6		39		75		66		60		586		—		832
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		—		—
Total consumer	$	3,598	$	3,613	$	1,785	$	971	$	1,096	$	5,547	$	2	$	16,612

	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total at Dec. 31, 2020
	(in millions)
Residential mortgages:
Performing loans	$	4,491	$	2,369	$	1,338	$	1,572	$	1,852	$	5,676	$	—	$	17,298
Nonaccrual loans	38		107		93		86		78		677		—		1,079
Total residential mortgages	4,529		2,476		1,431		1,658		1,930		6,353		—		18,377
Home equity mortgages:
Performing loans	50		51		33		34		45		451		—		664
Nonaccrual loans	—		—		1		1		2		59		—		63
Total home equity mortgages	50		51		34		35		47		510		—		727
Credit cards:
Performing loans	—		—		—		—		—		—		1,047		1,047
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		19		19
Total credit cards	—		—		—		—		—		—		1,066		1,066
Other consumer:
Performing loans	87		39		—		1		8		128		54		317
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		2		2
Total other consumer	87		39		—		1		8		128		56		319
Total consumer:
Performing loans	4,628		2,459		1,371		1,607		1,905		6,255		1,101		19,326
Nonaccrual loans	38		107		94		87		80		736		—		1,142
Accruing loans contractually past due 90 days or more	—		—		—		—		—		—		21		21
Total consumer	$	4,666	$	2,566	$	1,465	$	1,694	$	1,985	$	6,991	$	1,122	$	20,489

Summary of Credit Quality Indicators

The following table summarizes dollars of two-months-and-over contractual delinquency for our consumer loan portfolio, including a disaggregation of the loans by year of origination as of September 30, 2021 and December 31, 2020:

	2021		2020		2019		2018		2017		Prior		Revolving Loans		Total at Sep. 30, 2021
	(in millions)
Residential mortgages(1)(2)	$	—	$	4	$	12	$	7	$	19	$	268	$	—	$	310
Home equity mortgages(1)(2)	—		—		—		—		—		20		—		20
Credit cards	—		—		—		—		—		—		—		—
Other consumer	—		—		—		—		—		4		—		4
Total consumer	$	—	$	4	$	12	$	7	$	19	$	292	$	—	$	334

	2020		2019		2018		2017		2016		Prior		Revolving Loans		Total at Dec. 31, 2020
	(in millions)
Residential mortgages(1)(2)	$	3	$	15	$	13	$	25	$	19	$	329	$	—	$	404
Home equity mortgages(1)(2)	—		—		—		—		—		25		—		25
Credit cards	—		—		—		—		—		—		28		28
Other consumer	1		1		—		—		—		4		2		8
Total consumer	$	4	$	16	$	13	$	25	$	19	$	358	$	30	$	465

(1)At September 30, 2021 and December 31, 2020, consumer mortgage loan delinquency includes $252 million and $281 million, respectively, of loans that are carried at the lower of amortized cost or fair value of the collateral less cost to sell.

(2)At September 30, 2021 and December 31, 2020, consumer mortgage loans include $91 million and $109 million, respectively, of loans that were in the process of foreclosure.