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Loans and ACL (Tables)
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Aging Analysis of Past Due Loans and Leases
The following tables present loans and leases HFI by aging category. Government guaranteed loans are not placed on nonaccrual status regardless of delinquency because collection of principal and interest is reasonably assured. The past due status of loans that received a deferral under the CARES Act is generally frozen during the deferral period. In certain limited circumstances, accommodation programs result in the delinquency status being reset to current.
Accruing
September 30, 2020
(Dollars in millions)		Current30-89 Days Past Due90 Days Or More Past DueNonperformingTotal
Commercial:     
Commercial and industrial$140,206 $155 $6 $507 $140,874 
CRE27,407 7 8 52 27,474 
Commercial construction6,765 — — 7 6,772 
Lease financing5,452 9 — 32 5,493 
Consumer:
Residential mortgage48,805 796 573 205 50,379 
Residential home equity and direct26,270 103 5 180 26,558 
Indirect auto24,803 321 8 137 25,269 
Indirect other11,468 52 3 4 11,527 
Student6,244 666 570 — 7,480 
Credit card4,738 39 24 — 4,801 
Total$302,158 $2,148 $1,197 $1,124 $306,627 
Accruing
December 31, 2019
(Dollars in millions)		Current30-89 Days Past Due90 Days Or More Past DueNonperformingTotal
Commercial:     
Commercial and industrial$129,873 $94 $1 $212 $130,180 
CRE26,817 5 — 10 26,832 
Commercial construction6,204 1 — — 6,205 
Lease financing6,112 2 — 8 6,122 
Consumer:    
Residential mortgage50,975 498 543 55 52,071 
Residential home equity and direct26,846 122 9 67 27,044 
Indirect auto23,771 560 11 100 24,442 
Indirect other11,011 85 2 2 11,100 
Student5,905 650 188 — 6,743 
Credit card5,541 56 22 — 5,619 
PCI2,126 140 1,218 — 3,484 
Total$295,181 $2,213 $1,994 $454 $299,842 
Schedule of Carrying Amounts by Risk Rating
The following table presents the amortized cost basis of loans by origination year and credit quality indicator:
September 30, 2020
(Dollars in millions)		Amortized Cost Basis by Origination YearRevolving Credit Loans Converted to TermOther (1)
20202019201820172016Prior Total
Commercial:    
Commercial and industrial:
Pass$30,936 $20,479 $14,176 $8,793 $5,599 $10,056 $43,246 $123 $(780)$132,628 
Special mention509 617 347 92 159 218 2,276 8 — 4,226 
Substandard371 401 441 147 134 236 1,798 2 (17)3,513 
Nonperforming22 42 99 31 33 67 232 8 (27)507 
Total31,838 21,539 15,063 9,063 5,925 10,577 47,552 141 (824)140,874 
CRE:
Pass3,635 6,711 4,983 2,892 1,593 2,618 652 — (75)23,009 
Special mention263 853 655 204 178 210 — — — 2,363 
Substandard240 609 426 293 184 292 6 — — 2,050 
Nonperforming1 — 1 2 5 42 1 — — 52 
Total4,139 8,173 6,065 3,391 1,960 3,162 659 — (75)27,474 
Commercial construction:
Pass810 2,103 2,037 418 28 185 564 — 16 6,161 
Special mention— 105 122 1 41 — 2 — — 271 
Substandard95 80 83 17 6 52 — — — 333 
Nonperforming4 3 — — — — — — — 7 
Total909 2,291 2,242 436 75 237 566 — 16 6,772 
Lease financing:
Pass832 1,451 939 888 287 993 — — (52)5,338 
Special mention10 12 6 4 — 7 — — — 39 
Substandard— 38 6 5 4 31 — — — 84 
Nonperforming1 8 7 10 9 9 — — (12)32 
Total843 1,509 958 907 300 1,040 — — (64)5,493 
Consumer:
Residential mortgage:
Performing6,743 7,456 4,347 5,022 6,056 20,329 — — 221 50,174 
Nonperforming— 5 11 6 7 193 — — (17)205 
Total6,743 7,461 4,358 5,028 6,063 20,522 — — 204 50,379 
Residential home equity and direct:
Performing3,562 3,523 1,635 580 270 622 14,395 1,730 61 26,378 
Nonperforming1 3 2 1 1 8 68 83 13 180 
Total3,563 3,526 1,637 581 271 630 14,463 1,813 74 26,558 
Indirect auto:
Performing7,361 8,207 4,508 2,766 1,474 674 — — 142 25,132 
Nonperforming6 41 39 27 17 14 — — (7)137 
Total7,367 8,248 4,547 2,793 1,491 688 — — 135 25,269 
Indirect other:
Performing3,854 3,419 1,953 961 498 802 — — 36 11,523 
Nonperforming1 1 1 — — 2 — — (1)4 
Total3,855 3,420 1,954 961 498 804 — — 35 11,527 
Student:
Performing33 113 99 82 66 7,094 — — (7)7,480 
Nonperforming— — — — — — — — — — 
Total33 113 99 82 66 7,094 — — (7)7,480 
Credit card— — — — — — 4,757 38 6 4,801 
Total$59,290 $56,280 $36,923 $23,242 $16,649 $44,754 $67,997 $1,992 $(500)$306,627 
(1) Includes certain deferred fees and costs, unapplied payments and other adjustments.
The following table presents the carrying amount of loans by risk rating and performing status. Student loans are excluded as there is nominal risk of credit loss due to government guarantees or other credit enhancements. PCI loans were excluded because their related ALLL is determined by loan pool performance, and credit card loans were excluded as these loans are charged-off rather than reclassified as nonperforming:
December 31, 2019
(Dollars in millions)Commercial & IndustrialCRECommercial ConstructionLease Financing
Commercial:
Pass$127,229 $26,393 $6,037 $6,039 
Special mention1,264 145 37 19 
Substandard1,475 284 131 56 
Nonperforming212 10 — 8 
Total$130,180 $26,832 $6,205 $6,122 
December 31, 2019
Residential MortgageResidential home equity and directIndirect autoIndirect Other
Consumer:
Performing$52,016 $26,977 $24,342 $11,098 
Nonperforming55 67 100 2 
Total$52,071 $27,044 $24,442 $11,100 
Summary of Allowance for Credit Losses
The following tables present activity in the ACL:
(Dollars in millions)Balance at Jul 1, 2019Charge-OffsRecoveriesProvision (Benefit)OtherBalance at Sep 30, 2019
Commercial:     
Commercial and industrial$574 $(28)$5 $25 $— $576 
CRE157 (2)3 (6)— 152 
Commercial construction44 — — — — 44 
Lease financing10 (1)1 — — 10 
Consumer:
Residential mortgage224 (3)— (22)— 199 
Residential home equity and direct106 (24)6 19 — 107 
Indirect auto300 (92)12 80 — 300 
Indirect other59 (14)3 14 — 62 
Credit card113 (25)6 21 — 115 
PCI8 — — — — 8 
ALLL1,595 (189)36 131 — 1,573 
RUFC94 — — (14)— 80 
ACL$1,689 $(189)$36 $117 $— $1,653 
(Dollars in millions)Balance at Jul 1, 2020 Charge-OffsRecoveriesProvision (Benefit)Other (2)Balance at Sep 30, 2020
Commercial: 
Commercial and industrial$2,137 $(112)$20 $140 $— $2,185 
CRE391 (44)— 155 — 502 
Commercial construction134 (19)2 17 — 134 
Lease financing59 (44)4 34 — 53 
Consumer:
Residential mortgage431 (4)3 (6)— 424 
Residential home equity and direct697 (52)16 43 — 704 
Indirect auto1,190 (72)22 49 — 1,189 
Indirect other213 (8)4 13 — 222 
Student123 (6)— 11 2 130 
Credit card327 (44)8 29 — 320 
ALLL5,702 (405)79 485 2 5,863 
RUFC431 — — (64)(1)366 
ACL$6,133 $(405)$79 $421 $1 $6,229 
(Dollars in millions)Balance at Jan 1, 2019Charge-OffsRecoveriesProvision (Benefit)OtherBalance at Sep 30, 2019
Commercial:      
Commercial and industrial$546 $(67)$19 $78 $— $576 
CRE142 (28)5 33 — 152 
Commercial construction48 — 2 (6)— 44 
Lease financing11 (2)1 — — 10 
Consumer:     
Residential mortgage232 (13)1 (21)— 199 
Residential home equity and direct104 (68)20 51 — 107 
Indirect auto298 (263)39 226 — 300 
Indirect other58 (43)12 35 — 62 
Credit card110 (72)15 62 — 115 
PCI9 — — (1)— 8 
ALLL1,558 (556)114 457 — 1,573 
RUFC93 — — (13)— 80 
ACL$1,651 $(556)$114 $444 $— $1,653 
(Dollars in millions)Balance at Jan 1, 2020 (1)Charge-OffsRecoveriesProvision (Benefit)Other (2)Balance at Sep 30, 2020
Commercial:      
Commercial and industrial$560 $(274)$58 $937 $904 $2,185 
CRE150 (59)4 325 82 502 
Commercial construction52 (22)10 78 16 134 
Lease financing10 (50)4 (5)94 53 
Consumer:     
Residential mortgage176 (50)7 26 265 424 
Residential home equity and direct107 (185)46 282 454 704 
Indirect auto304 (294)63 298 818 1,189 
Indirect other60 (46)18 40 150 222 
Student— (20)1 24 125 130 
Credit card122 (147)22 148 175 320 
PCI8 — — — (8)— 
ALLL1,549 (1,147)233 2,153 3,075 5,863 
RUFC340 — — 5 21 366 
ACL$1,889 $(1,147)$233 $2,158 $3,096 $6,229 
(1) Balance is prior to the adoption of CECL.
(2) Other activity includes the adoption of CECL, the ALLL for PCD acquisitions and other activity.
Summary of purchased student loans with credit deterioration at acquisition
PCD Loan Activity

For PCD loans, the initial estimate of expected credit losses is recognized in the ALLL on the date of acquisition using the same methodology as other loans held for investment. The following table provides a summary of purchased student loans with credit deterioration at acquisition:
Nine Months Ended September 30, 2020
(Dollars in millions)
Par value$480 
ALLL at acquisition(6)
Non-credit premium (discount)(2)
Purchase price$472 
Financing Receivable, Nonperforming
Nonperforming and Impaired Loans

The following table provides a summary of nonperforming loans, excluding LHFS. Interest income recognized on nonperforming loans HFI was $7 million for the three months ended September 30, 2020 and $22 million for the nine months ended September 30, 2020.
Recorded Investment
September 30, 2020
(Dollars in millions)		Without an ALLLWith an ALLL
Commercial: 
Commercial and industrial$88 $419 
CRE26 26 
Commercial construction4 3 
Lease financing2 30 
Consumer:
Residential mortgage4 201 
Residential home equity and direct2 178 
Indirect auto— 137 
Indirect other— 4 
Total$126 $998 
Schedule of Loans Individually Evaluated for Impairment
The following table sets forth certain information regarding impaired loans, excluding PCI and LHFS, that were individually evaluated for impairment. This table excludes guaranteed student loans and guaranteed residential mortgages for which there was nominal risk of principal loss due to the government guarantee or other credit enhancements.
UPBRecorded InvestmentRelated ALLLAverage Recorded InvestmentInterest Income Recognized
As of / For The Year Ended December 31, 2019
(Dollars in millions)		Without an ALLLWith an ALLL
Commercial:     
Commercial and industrial$339 $124 $167 $20 $298 $6 
CRE29 3 26 2 71 1 
Commercial construction39 — 38 7 5 — 
Lease financing18 7 2 — 2 — 
Consumer:     
Residential mortgage650 92 527 42 799 34 
Residential home equity and direct76 24 37 5 65 3 
Indirect auto367 9 349 64 334 53 
Indirect other5 — 5 1 4 — 
Credit card31 — 31 12 28 1 
Total$1,554 $259 $1,182 $153 $1,606 $98 
Schedule of Performing and Nonperforming TDRs
TDRs

The following table presents a summary of TDRs:
(Dollars in millions)Sep 30, 2020Dec 31, 2019
Performing TDRs:  
Commercial:  
Commercial and industrial$84 $47 
CRE36 6 
Commercial construction1 37 
Lease financing1 — 
Consumer:
Residential mortgage640 470 
Residential home equity and direct71 51 
Indirect auto336 333 
Indirect other5 5 
Student5 — 
Credit card38 31 
Total performing TDRs1,217 980 
Nonperforming TDRs140 82 
Total TDRs$1,357 $1,062 
ALLL attributable to TDRs$246 $132 
Summary Of Primary Reason Loan Modifications Were Classified as TDRs
The primary reason loan modifications were classified as TDRs is summarized below. Balances represent the recorded investment at the end of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures.
As of / For the Three Months Ended September 30, 2020As of / For the Nine Months Ended September 30, 2020
Type of ModificationPrior Quarter Loan BalanceALLL at Period EndType of ModificationPrior Quarter Loan BalanceALLL at Period End
(Dollars in millions)RateStructureRateStructure
Newly designated TDRs:
Commercial:   
Commercial and industrial$13 $49 $70 $9 $46 $53 $118 $12 
CRE4 10 15 2 28 11 32 4 
Lease financing— — — — 1 — 1 — 
Consumer:
Residential mortgage167 72 244 9 311 119 443 19 
Residential home equity and direct3 3 6 — 31 13 45 1 
Indirect auto20 4 25 5 98 26 129 17 
Indirect other1 1 1 — 3 1 3 — 
Student— 1 1 — — 5 5 — 
Credit card6 — 6 2 24 — 23 8 
Re-modification of previously designated TDRs10 5 36 11 
As of / For the Three Months Ended September 30, 2019As of / For the Nine Months Ended September 30, 2019
Type of ModificationPrior Quarter Loan BalanceALLL at Period EndType of ModificationPrior Quarter Loan BalanceALLL at Period End
(Dollars in millions)RateStructureRateStructure
Newly designated TDRs:
Commercial:
Commercial and industrial$2 $5 $9 $1 $52 $11 $55 $8 
CRE— — — — 1 1 4 — 
Consumer:
Residential mortgage51 7 54 5 173 21 181 15 
Residential home equity and direct2 1 2 — 7 3 7 1 
Indirect auto60 1 63 12 156 3 166 33 
Indirect other1 — 1 — 3 — 3 — 
Credit card6 — 1 1 17 — 12 6 
Re-modification of previously designated TDRs12 2 49 18 
Selected Information About Nonperforming Assets
The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure.
(Dollars in millions)Sep 30, 2020Dec 31, 2019
Nonperforming loans and leases HFI (1)$1,124 $454 
Nonperforming LHFS130 107 
Foreclosed real estate30 82 
Other foreclosed property30 41 
Total nonperforming assets$1,314 $684 
Residential mortgage loans in the process of foreclosure$216 $409 
Selected Information About Loans And Leases Unearned
The following table presents additional information about loans and leases:
(Dollars in millions)Sep 30, 2020Dec 31, 2019
Unearned income, discounts and net deferred loan fees and costs, excluding PCI$2,677 $4,069