Loan Portfolio

9 Months Ended

Sep. 30, 2018

3. Loan Portfolio



in millions	September 30, 2018		December 31, 2017
Commercial and industrial ^(a)	$	45,023	$	41,859
Commercial real estate:
Commercial mortgage	14,716		14,088
Construction	1,763		1,960
Total commercial real estate loans	16,479		16,048
Commercial lease financing ^(b)	4,470		4,826
Total commercial loans	65,972		62,733
Residential — prime loans:
Real estate — residential mortgage	5,497		5,483
Home equity loans	11,339		12,028
Total residential — prime loans	16,836		17,511
Consumer direct loans	1,807		1,794
Credit cards	1,098		1,106
Consumer indirect loans	3,555		3,261
Total consumer loans	23,296		23,672
Total loans^(c)	$	89,268	$	86,405


(a)	Loan balances include $129 million and $119 million of commercial credit card balances at September 30, 2018, and December 31, 2017, respectively.

(b)

Commercial lease financing includes receivables held as collateral for a secured borrowing of $12 million and $24 million at September 30, 2018, and December 31, 2017, respectively. Principal reductions are based on the cash payments received from these related receivables. Additional information pertaining to this secured borrowing is included in Note 20 (“Long-Term Debt”) beginning on page 174 of our 2017 Form 10-K.

(c)

Total loans exclude loans of $1.1 billion at September 30, 2018, and $1.3 billion at December 31, 2017, related to the discontinued operations of the education lending business.