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Loans and ACL (Tables)
 3 Months Ended
Mar. 31, 2021
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
March 31, 2021
(Dollars in millions)		Current30-89 Days Past Due90 Days Or More Past DueNonperformingTotal
Commercial:     
Commercial and industrial$134,850 $117 $14 $451 $135,432 
CRE25,832 9 — 58 25,899 
Commercial construction6,542 4 — 13 6,559 
Lease financing4,825 35 — 23 4,883 
Consumer:
Residential mortgage42,456 577 975 290 44,298 
Residential home equity and direct25,068 82 11 172 25,333 
Indirect auto25,950 328 2 158 26,438 
Indirect other10,579 45 1 6 10,631 
Student5,885 556 1,037 — 7,478 
Credit card4,493 35 32 — 4,560 
Total$286,480 $1,788 $2,072 $1,171 $291,511 
Accruing
December 31, 2020
(Dollars in millions)		Current30-89 Days Past Due90 Days Or More Past DueNonperformingTotal
Commercial:     
Commercial and industrial$137,726 $83 $13 $532 $138,354 
CRE26,506 14 — 75 26,595 
Commercial construction6,472 5 — 14 6,491 
Lease financing5,206 6 — 28 5,240 
Consumer:    
Residential mortgage45,333 782 841 316 47,272 
Residential home equity and direct25,751 98 10 205 26,064 
Indirect auto25,498 495 2 155 26,150 
Indirect other11,102 68 2 5 11,177 
Student5,823 618 1,111 — 7,552 
Credit card4,759 51 29 — 4,839 
Total$294,176 $2,220 $2,008 $1,330 $299,734 
Schedule of Carrying Amounts by Risk Rating
The following table presents the amortized cost basis of loans by origination year and credit quality indicator:
March 31, 2021
(Dollars in millions)		Amortized Cost Basis by Origination YearRevolving Credit Loans Converted to TermOther (1)
20212020201920182017Prior Total
Commercial:    
Commercial and industrial:
Pass$9,085 $28,582 $17,269 $11,717 $6,896 $12,834 $42,694 $— $(608)$128,469 
Special mention73 480 466 325 93 255 1,778 — — 3,470 
Substandard132 364 444 331 119 364 1,289 — (1)3,042 
Nonperforming7 39 57 41 24 99 183 — 1 451 
Total9,297 29,465 18,236 12,414 7,132 13,552 45,944 — (608)135,432 
CRE:
Pass987 4,110 6,311 4,138 2,582 3,267 561 — (63)21,893 
Special mention39 125 546 337 85 146 — — — 1,278 
Substandard84 418 843 606 304 410 5 — — 2,670 
Nonperforming2 1 — 1 9 45 — — — 58 
Total1,112 4,654 7,700 5,082 2,980 3,868 566 — (63)25,899 
Commercial construction:
Pass315 1,132 2,166 1,570 177 113 594 — 4 6,071 
Special mention— — 187 50 1 — 2 — — 240 
Substandard2 62 42 65 63 1 — — — 235 
Nonperforming— 1 2 — 7 — 2 — 1 13 
Total317 1,195 2,397 1,685 248 114 598 — 5 6,559 
Lease financing:
Pass268 1,327 937 677 658 910 — — (66)4,711 
Special mention— — 34 16 3 8 — — — 61 
Substandard— — 33 7 3 45 — — — 88 
Nonperforming— 2 4 2 10 5 — — — 23 
Total268 1,329 1,008 702 674 968 — — (66)4,883 
Consumer:
Residential mortgage:
Performing2,055 8,040 5,729 3,137 3,687 21,240 — — 120 44,008 
Nonperforming— 2 14 20 13 241 — — — 290 
Total2,055 8,042 5,743 3,157 3,700 21,481 — — 120 44,298 
Residential home equity and direct:
Performing1,375 3,944 2,721 1,190 387 653 11,448 3,413 30 25,161 
Nonperforming— 2 5 2 1 7 57 96 2 172 
Total1,375 3,946 2,726 1,192 388 660 11,505 3,509 32 25,333 
Indirect auto:
Performing2,881 9,678 6,664 3,528 2,043 1,335 — — 151 26,280 
Nonperforming— 22 52 40 26 24 — — (6)158 
Total2,881 9,700 6,716 3,568 2,069 1,359 — — 145 26,438 
Indirect other:
Performing952 3,923 2,542 1,467 703 1,011 — — 27 10,625 
Nonperforming— 2 1 1 — 2 — — — 6 
Total952 3,925 2,543 1,468 703 1,013 — — 27 10,631 
Student— 24 104 89 75 7,200 — — (14)7,478 
Credit card— — — — — — 4,525 35 — 4,560 
Total$18,257 $62,280 $47,173 $29,357 $17,969 $50,215 $63,138 $3,544 $(422)$291,511 
December 31, 2020
(Dollars in millions)		Amortized Cost Basis by Origination YearRevolving CreditLoans Converted to TermOther (1)
20202019201820172016PriorTotal
Commercial:
Commercial and industrial:
Pass$34,858 $18,881 $13,312 $7,713 $5,174 $8,888 $42,780 $231 $(579)$131,258 
Special mention471 434 343 98 120 157 1,808 5 (1)3,435 
Substandard461 445 339 121 144 256 1,353 12 (2)3,129 
Nonperforming38 92 48 29 25 61 233 4 2 532 
Total35,828 19,852 14,042 7,961 5,463 9,362 46,174 252 (580)138,354 
CRE:
Pass4,563 6,600 4,427 2,752 1,473 2,096 617 — (69)22,459 
Special mention171 599 585 116 77 141 — — — 1,689 
Substandard410 776 438 281 182 280 5 — — 2,372 
Nonperforming1 15 1 9 6 43 — — — 75 
Total5,145 7,990 5,451 3,158 1,738 2,560 622 — (69)26,595 
Commercial construction:
Pass1,052 2,141 1,889 232 27 110 534 — 2 5,987 
Special mention— 108 64 1 — — 2 — — 175 
Substandard70 106 73 59 6 1 — — — 315 
Nonperforming1 3 — 7 — — — 3 — 14 
Total1,123 2,358 2,026 299 33 111 536 3 2 6,491 
Lease financing:
Pass1,377 1,139 775 746 241 760 — — 27 5,065 
Special mention1 39 20 5 — 7 — — — 72 
Substandard— 34 3 4 3 31 — — — 75 
Nonperforming2 5 3 9 4 5 — — — 28 
Total1,380 1,217 801 764 248 803 — — 27 5,240 
Consumer:
Residential mortgage:
Performing8,197 6,729 3,735 4,374 5,424 18,333 — — 164 46,956 
Nonperforming3 13 16 13 14 257 — — — 316 
Total8,200 6,742 3,751 4,387 5,438 18,590 — — 164 47,272 
Residential home equity and direct:
Performing4,513 3,126 1,416 481 214 557 13,886 1,619 47 25,859 
Nonperforming1 4 2 1 1 7 87 101 1 205 
Total4,514 3,130 1,418 482 215 564 13,973 1,720 48 26,064 
Indirect auto:
Performing10,270 7,436 4,015 2,401 1,220 506 — — 147 25,995 
Nonperforming13 50 44 27 15 12 — — (6)155 
Total10,283 7,486 4,059 2,428 1,235 518 — — 141 26,150 
Indirect other:
Performing4,433 3,019 1,706 826 431 718 — — 39 11,172 
Nonperforming1 1 1 — — 2 — — — 5 
Total4,434 3,020 1,707 826 431 720 — — 39 11,177 
Student22 110 95 81 64 7,185 — — (5)7,552 
Credit card— — — — — — 4,802 37 — 4,839 
Total$70,929 $51,905 $33,350 $20,386 $14,865 $40,413 $66,107 $2,012 $(233)$299,734 
(1)Includes certain deferred fees and costs, unapplied payments, and other adjustments.
Summary of Allowance for Credit Losses
The following tables present activity in the ACL:
(Dollars in millions)Balance at Jan 1, 2020 (1)Charge-OffsRecoveriesProvision (Benefit)Other (2)Balance at Mar 31, 2020
Commercial:      
Commercial and industrial$560 $(39)$17 $371 $904 $1,813 
CRE150 (1)— 68 82 299 
Commercial construction52 (3)1 22 16 88 
Lease financing10 (2)— (23)94 79 
Consumer:     
Residential mortgage176 (11)2 (4)264 427 
Residential home equity and direct107 (68)15 102 451 607 
Indirect auto304 (142)23 189 818 1,192 
Indirect other60 (18)7 12 152 213 
Student— (8)— 34 120 146 
Credit card122 (53)8 95 175 347 
PCI8 — — — (8)— 
ALLL1,549 (345)73 866 3,068 5,211 
RUFC340 — — 27 33 400 
ACL$1,889 $(345)$73 $893 $3,101 $5,611 
(Dollars in millions)Balance at Jan 1, 2021Charge-OffsRecoveriesProvision (Benefit)Other (2)Balance at Mar 31, 2021
Commercial:      
Commercial and industrial$2,156 $(73)$19 $(11)$— $2,091 
CRE573 (4)1 (26)— 544 
Commercial construction81 (2)1 (3)— 77 
Lease financing48 (6)— 3 — 45 
Consumer:     
Residential mortgage368 (11)2 (16)— 343 
Residential home equity and direct714 (55)18 30 — 707 
Indirect auto1,198 (105)22 61 — 1,176 
Indirect other208 (17)6 (10)— 187 
Student130 (3)— 2 2 131 
Credit card359 (40)9 33 — 361 
ALLL5,835 (316)78 63 2 5,662 
RUFC364 — — (15)— 349 
ACL$6,199 $(316)$78 $48 $2 $6,011 
(1)Balance is prior to the adoption of CECL.
(2)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:
Three Months Ended March 31, 2021
(Dollars in millions)
Par value$122 
ALLL at acquisition(2)
Non-credit premium (discount)— 
Purchase price$120 
Financing Receivable, Nonperforming
NPAs

The following table provides a summary of nonperforming loans, excluding LHFS. Interest income recognized on nonperforming loans HFI was $10 million and $8 million for the three months ended March 31, 2021 and 2020, respectively.
March 31, 2021December 31, 2020
Recorded InvestmentRecorded Investment
(Dollars in millions)Without an ALLLWith an ALLLWithout an ALLLWith an ALLL
Commercial: 
Commercial and industrial$104 $347 $82 $450 
CRE36 22 63 12 
Commercial construction— 13 — 14 
Lease financing— 23 — 28 
Consumer:
Residential mortgage3 287 4 312 
Residential home equity and direct2 170 2 203 
Indirect auto1 157 1 154 
Indirect other— 6 — 5 
Total$146 $1,025 $152 $1,178 
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)Mar 31, 2021Dec 31, 2020
Nonperforming loans and leases HFI$1,171 $1,330 
Nonperforming LHFS72 5 
Foreclosed real estate18 20 
Other foreclosed property38 32 
Total nonperforming assets$1,299 $1,387 
Residential mortgage loans in the process of foreclosure$128 $140 
Schedule of Performing and Nonperforming TDRs
TDRs

The following table presents a summary of TDRs:
(Dollars in millions)Mar 31, 2021Dec 31, 2020
Performing TDRs:  
Commercial:  
Commercial and industrial$142 $78 
CRE47 47 
Lease financing59 60 
Consumer:
Residential mortgage733 648 
Residential home equity and direct109 88 
Indirect auto399 392 
Indirect other7 6 
Student8 5 
Credit card35 37 
Total performing TDRs1,539 1,361 
Nonperforming TDRs207 164 
Total TDRs$1,746 $1,525 
ALLL attributable to TDRs$278 $260 
Summary Of Primary Reason Loan Modifications Were Classified as TDRs
The primary reason loan modifications were classified as TDRs is summarized in the tables below. New TDR balances represent the recorded investment at the end of the quarter in which the modification was made. The prior quarter balance represents recorded investment at the beginning 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.
March 31, 2021
(Dollars in millions)		Type of ModificationPrior Quarter Loan BalanceALLL at Period End
RateStructure
Newly designated TDRs:
Commercial:
Commercial and industrial$27 $93 $135 $12 
CRE— 10 12 1 
Consumer:
Residential mortgage53 93 145 4 
Residential home equity and direct2 25 28 1 
Indirect auto19 33 56 8 
Indirect other1 1 1 — 
Student— 3 3 — 
Credit card4 — 4 2 
Re-modification of previously designated TDRs14 14 
March 31, 2020
(Dollars in millions)		Type of ModificationPrior Quarter Loan BalanceALLL at Period End
RateStructure
Newly designated TDRs:
Commercial:
Commercial and industrial$28 $3 $36 $2 
CRE1 — 1 — 
Lease financing1 — 1 — 
Consumer:
Residential mortgage77 15 94 5 
Residential home equity and direct17 5 23 1 
Indirect auto56 14 73 5 
Indirect other1 — 1 — 
Student— 1 1 — 
Credit card10 — 10 3 
Re-modification of previously designated TDRs18 1 
Selected Information About Loans And Leases Unearned
The following table presents additional information about loans and leases:
(Dollars in millions)Mar 31, 2021Dec 31, 2020
Unearned income, discounts and net deferred loan fees and costs$1,926 $2,219