Loans and the Allowance for Credit Losses (Tables)


	June 30 2012		December 31 2011
	(In millions, net of unearned income)
Commercial and industrial	$	25,990	$	24,522
Commercial real estate mortgage—owner-occupied		10,626		11,166
Commercial real estate construction—owner-occupied		261		337

Total commercial		36,877		36,025
Commercial investor real estate mortgage		8,598		9,702
Commercial investor real estate construction		849		1,025

Total investor real estate		9,447		10,727
Residential first mortgage		13,394		13,784
Home equity		12,321		13,021
Indirect		2,060		1,848
Consumer credit card		922		987
Other consumer		1,181		1,202

Total consumer		29,878		30,842

	$	76,202	$	77,594


	Three Months Ended June 30, 2012
	Commercial			Investor Real Estate			Consumer			Total
	(In millions)
Allowance for loan losses, April 1, 2012	$	982		$	898		$	650		$	2,530
Provision (credit) for loan losses		(16	)		(80	)		122			26
Loan losses:
Charge-offs		(107	)		(62	)		(146	)		(315	)
Recoveries		25			10			15			50

Net loan losses		(82	)		(52	)		(131	)		(265	)

Allowance for loan losses, June 30, 2012		884			766			641			2,291

Reserve for unfunded credit commitments, April 1, 2012	$	44		$	26		$	21		$	91
Provision (credit) for unfunded credit commitments		17			—			(17	)		—

Reserve for unfunded credit commitments, June 30, 2012		61			26			4			91

Allowance for credit losses, June 30, 2012	$	945		$	792		$	645		$	2,382


	Three Months Ended June 30, 2011
	Commercial			Investor Real Estate			Consumer			Total
	(In millions)
Allowance for loan losses, April 1, 2011	$	1,138		$	1,285		$	763		$	3,186
Allowance allocated to purchased loans		10			—			74			84
Provision for loan losses		72			171			155			398
Loan losses:
Charge-offs		(107	)		(306	)		(166	)		(579	)
Recoveries		14			3			14			31

Net loan losses		(93	)		(303	)		(152	)		(548	)

Allowance for loan losses, June 30, 2011		1,127			1,153			840			3,120

Reserve for unfunded credit commitments, April 1, 2011	$	37		$	17		$	24		$	78
Provision (credit) for unfunded credit commitments		(5	)		11			—			6

Reserve for unfunded credit commitments, June 30, 2011		32			28			24			84

Allowance for credit losses, June 30, 2011	$	1,159		$	1,181		$	864		$	3,204


	Six Months Ended June 30, 2012
	Commercial			Investor Real Estate			Consumer			Total
	(In millions)
Allowance for loan losses, January 1, 2012	$	1,030		$	991		$	724		$	2,745
Provision (credit) for loan losses		45			(90	)		188			143
Loan losses:
Charge-offs		(232	)		(157	)		(302	)		(691	)
Recoveries		41			22			31			94

Net loan losses		(191	)		(135	)		(271	)		(597	)

Allowance for loan losses, June 30, 2012		884			766			641			2,291

Reserve for unfunded credit commitments, January 1, 2012	$	30		$	26		$	22		$	78
Provision (credit) for unfunded credit commitments		31			—			(18	)		13

Reserve for unfunded credit commitments, June 30, 2012		61			26			4			91

Allowance for credit losses, June 30, 2012	$	945		$	792		$	645		$	2,382

Portion of ending allowance for credit losses:
Individually evaluated for impairment	$	93		$	117		$	—		$	210
Collectively evaluated for impairment		852			675			645			2,172

Total allowance for credit losses	$	945		$	792		$	645		$	2,382

Portion of loan portfolio ending balance:
Individually evaluated for impairment	$	428		$	483		$	—		$	911
Collectively evaluated for impairment		36,449			8,964			29,878			75,291

Total loans evaluated for impairment	$	36,877		$	9,447		$	29,878		$	76,202


	Six Months Ended June 30, 2011
	Commercial			Investor Real Estate			Consumer			Total
	(In millions)
Allowance for loan losses, January 1, 2011	$	1,055		$	1,370		$	760		$	3,185
Allowance allocated to purchased loans		10			—			74			84
Provision for loan losses		297			260			323			880
Loan losses:
Charge-offs		(258	)		(487	)		(346	)		(1,091	)
Recoveries		23			10			29			62

Net loan losses		(235	)		(477	)		(317	)		(1,029	)

Allowance for loan losses, June 30, 2011		1,127			1,153			840			3,120

Reserve for unfunded credit commitments, January 1, 2011	$	32		$	16		$	23		$	71
Provision (credit) for unfunded credit commitments		—			12			1			13

Reserve for unfunded credit commitments, June 30, 2011		32			28			24			84

Allowance for credit losses, June 30, 2011	$	1,159		$	1,181		$	864		$	3,204

Portion of ending allowance for credit losses:
Individually evaluated for impairment	$	128		$	163		$	4		$	295
Collectively evaluated for impairment		1,031			1,018			860			2,909

Total allowance for credit losses	$	1,159		$	1,181		$	864		$	3,204

Portion of loan portfolio ending balance:
Individually evaluated for impairment	$	599		$	989		$	18		$	1,606
Collectively evaluated for impairment		35,219			12,442			31,909			79,570

Total loans evaluated for impairment	$	35,818		$	13,431		$	31,927		$	81,176


	June 30, 2012
	Pass		Special Mention		Substandard Accrual		Non-accrual		Total
	(In millions)
Commercial and industrial	$	24,433	$	590		$601	$	366	$	25,990
Commercial real estate mortgage—owner-occupied		9,346		262		514		504		10,626
Commercial real estate construction—owner-occupied		211		18		12		20		261

Total commercial	$	33,990	$	870		$1,127	$	890	$	36,877


Commercial investor real estate mortgage		6,304		567		1,128		599		8,598
Commercial investor real estate construction		594		111		70		74		849

Total investor real estate	$	6,898	$	678		$1,198	$	673	$	9,447


					Accrual		Non-accrual		Total
					(In millions)
Residential first mortgage					$	13,165	$	229	$	13,394
Home equity						12,198		123		12,321
Indirect						2,060		—		2,060
Consumer credit card						922		—		922
Other consumer						1,181		—		1,181

Total consumer					$	29,526	$	352	$	29,878

									$	76,202


	December 31, 2011
	Pass		Special Mention		Substandard Accrual		Non-accrual		Total
	(In millions)
Commercial and industrial	$	22,952	$	479		$634	$	457	$	24,522
Commercial real estate mortgage—owner-occupied		9,773		262		541		590		11,166
Commercial real estate construction—owner-occupied		275		27		10		25		337

Total commercial	$	33,000	$	768		$1,185	$	1,072	$	36,025


Commercial investor real estate mortgage		6,851		756		1,361		734		9,702
Commercial investor real estate construction		531		113		201		180		1,025

Total investor real estate	$	7,382	$	869		$1,562	$	914	$	10,727


					Accrual		Non-accrual		Total
					(In millions)
Residential first mortgage					$	13,534	$	250	$	13,784
Home equity						12,885		136		13,021
Indirect						1,848		—		1,848
Consumer credit card						987		—		987
Other consumer						1,202		—		1,202

Total consumer					$	30,456	$	386	$	30,842

									$	77,594


	June 30, 2012
	Accrual Loans
	30-59 DPD		60-89 DPD		90+ DPD		Total 30+ DPD		Total Accrual		Non-accrual		Total
	(In millions)
Commercial and industrial	$	39	$	25	$	5	$	69	$	25,624	$	366	$	25,990
Commercial real estate mortgage—owner-occupied		60		30		9		99		10,122		504		10,626
Commercial real estate construction—owner-occupied		1		1		—		2		241		20		261

Total commercial		100		56		14		170		35,987		890		36,877

Commercial investor real estate mortgage		70		33		16		119		7,999		599		8,598
Commercial investor real estate construction		2		1		—		3		775		74		849

Total investor real estate		72		34		16		122		8,774		673		9,447

Residential first mortgage		138		83		281		502		13,165		229		13,394
Home equity		99		54		74		227		12,198		123		12,321
Indirect		22		5		2		29		2,060		—		2,060
Consumer credit card		7		5		13		25		922		—		922
Other consumer		17		6		3		26		1,181		—		1,181

Total consumer		283		153		373		809		29,526		352		29,878

	$	455	$	243	$	403	$	1,101	$	74,287	$	1,915	$	76,202


	December 31, 2011
	Accrual Loans
	30-59 DPD		60-89 DPD		90+ DPD		Total 30+ DPD		Total Accrual		Non-accrual		Total
	(In millions)
Commercial and industrial	$	38	$	23	$	28	$	89	$	24,065	$	457	$	24,522
Commercial real estate mortgage—owner-occupied		47		23		9		79		10,576		590		11,166
Commercial real estate construction—owner-occupied		3		1		—		4		312		25		337

Total commercial		88		47		37		172		34,953		1,072		36,025

Commercial investor real estate mortgage		34		42		13		89		8,968		734		9,702
Commercial investor real estate construction		23		5		—		28		845		180		1,025

Total investor real estate		57		47		13		117		9,813		914		10,727

Residential first mortgage		187		100		284		571		13,534		250		13,784
Home equity		121		77		93		291		12,885		136		13,021
Indirect		26		7		2		35		1,848		—		1,848
Consumer credit card		8		5		14		27		987		—		987
Other consumer		20		6		4		30		1,202		—		1,202

Total consumer		362		195		397		954		30,456		386		30,842

	$	507	$	289	$	447	$	1,243	$	75,222	$	2,372	$	77,594


	Non-accrual Impaired Loans As of June 30, 2012
					Book Value (3)
	Unpaid Principal Balance (1)		Charge-offs and Payments Applied (2)		Total Impaired Loans on Non-accrual Status		Impaired Loans on Non-accrual Status with No Related Allowance		Impaired Loans on Non-accrual Status with Related Allowance		Related Allowance for Loan Losses		Coverage % (4)
	(Dollars in millions)
Commercial and industrial	$	437	$	80	$	357	$	51	$	306	$	109		43.2	%
Commercial real estate mortgage—owner- occupied		587		82		505		48		457		162		41.6
Commercial real estate construction—owner-occupied		33		14		19		3		16		6		60.6

Total commercial		1,057		176		881		102		779		277		42.9

Commercial investor real estate mortgage		740		141		599		79		520		177		43.0
Commercial investor real estate construction		88		14		74		12		62		18		36.4

Total investor real estate		828		155		673		91		582		195		42.3

Residential first mortgage		141		51		90		—		90		13		45.4
Home equity		27		9		18		—		18		2		40.7

Total consumer		168		60		108		—		108		15		44.6

Total	$	2,053	$	391	$	1,662	$	193	$	1,469	$	487		42.8	%


	Accruing Impaired Loans As of June 30, 2012
	Unpaid Principal Balance (1)		Charge-offs and Payments Applied (2)		Book Value		Related Allowance for Loan Losses		Coverage % (4)
	(Dollars in millions)
Commercial and industrial	$	318	$	7	$	311	$	51		18.2	%
Commercial real estate mortgage—owner-occupied		212		4		208		28		15.1
Commercial real estate construction—owner-occupied		3		—		3		1		33.3

Total commercial		533		11		522		80		17.1

Commercial investor real estate mortgage		928		8		920		175		19.7
Commercial investor real estate construction		120		1		119		55		46.7

Total investor real estate		1,048		9		1,039		230		22.8

Residential first mortgage		1,079		13		1,066		158		15.8
Home equity		430		5		425		39		10.2
Indirect		2		—		2		—		—
Other consumer		48		—		48		1		2.1

Total consumer		1,559		18		1,541		198		13.9

Total	$	3,140	$	38	$	3,102	$	508		17.4	%


	Total Impaired Loans As of June 30, 2012
					Book Value (3)
	Unpaid Principal Balance (1)		Charge-offs and Payments Applied (2)		Total Impaired Loans		Impaired Loans with No Related Allowance		Impaired Loans with Related Allowance		Related Allowance for Loan Losses		Coverage % (4)
	(Dollars in millions)
Commercial and industrial	$	755	$	87	$	668	$	51	$	617	$	160		32.7	%
Commercial real estate mortgage—owner- occupied		799		86		713		48		665		190		34.5
Commercial real estate construction—owner- occupied		36		14		22		3		19		7		58.3

Total commercial		1,590		187		1,403		102		1,301		357		34.2

Commercial investor real estate mortgage		1,668		149		1,519		79		1,440		352		30.0
Commercial investor real estate construction		208		15		193		12		181		73		42.3

Total investor real estate		1,876		164		1,712		91		1,621		425		31.4

Residential first mortgage		1,220		64		1,156		—		1,156		171		19.3
Home equity		457		14		443		—		443		41		12.0
Indirect		2		—		2		—		2		—		—
Other consumer		48		—		48		—		48		1		2.1

Total consumer		1,727		78		1,649		—		1,649		213		16.9

Total impaired loans	$	5,193	$	429	$	4,764	$	193	$	4,571	$	995		27.4	%

(1)	Unpaid principal balance represents the contractual obligation due from the customer and includes the net book value plus charge-offs and payments applied.

(2)	Charge-offs and payments applied represents cumulative partial charge-offs taken, as well as interest payments received that have been applied against the outstanding principal balance.

(3)	Book value represents the unpaid principal balance less charge-offs and payments applied; it is shown before any allowance for loan losses.

(4)	Coverage % represents charge-offs and payments applied plus the related allowance as a percent of the unpaid principal balance.


	Non-accrual Impaired Loans As of December 31, 2011
					Book Value (3)
	Unpaid Principal Balance (1)		Charge-offs and Payments Applied (2)		Total Impaired Loans on Non-accrual Status		Impaired Loans on Non- accrual Status with No Related Allowance		Impaired Loans on Non-accrual Status with Related Allowance		Related Allowance for Loan Losses		Coverage % (4)
	(Dollars in millions)
Commercial and industrial	$	468	$	88	$	380	$	61	$	319	$	129		46.4	%
Commercial real estate mortgage—owner- occupied		679		88		591		34		557		192		41.2
Commercial real estate construction—owner-occupied		37		12		25		1		24		10		59.5

Total commercial		1,184		188		996		96		900		331		43.8

Commercial investor real estate mortgage		870		136		734		63		671		223		41.3
Commercial investor real estate construction		236		56		180		23		157		62		50.0

Total investor real estate		1,106		192		914		86		828		285		43.1

Residential first mortgage		146		49		97		—		97		15		43.8
Home equity		26		10		16		—		16		2		46.2

Total consumer		172		59		113		—		113		17		44.2

Total	$	2,462	$	439	$	2,023	$	182	$	1,841	$	633		43.5	%


	Accruing Impaired Loans As of December 31, 2011
	Unpaid Principal Balance (1)		Charge-offs and Payments Applied (2)		Book Value		Related Allowance for Loan Losses		Coverage % (4)
	(Dollars in millions)
Commercial and industrial	$	290	$	1	$	289	$	60		21.0	%
Commercial real estate mortgage—owner-occupied		205		3		202		30		16.1
Commercial real estate construction—owner- occupied		2		—		2		—		—

Total commercial		497		4		493		90		18.9

Commercial investor real estate mortgage		862		7		855		174		21.0
Commercial investor real estate construction		140		—		140		81		57.9

Total investor real estate		1,002		7		995		255		26.1

Residential first mortgage		1,025		12		1,013		148		15.6
Home equity		428		4		424		60		15.0
Indirect		1		—		1		—		—
Other consumer		55		—		55		1		1.8

Total consumer		1,509		16		1,493		209		14.9

Total	$	3,008	$	27	$	2,981	$	554		19.3	%


	Total Impaired Loans As of December 31, 2011
					Book Value (3)
	Unpaid Principal Balance (1)		Charge-offs and Payments Applied (2)		Total Impaired Loans		Impaired Loans with No Related Allowance		Impaired Loans with Related Allowance		Related Allowance for Loan Losses		Coverage % (4)
	(Dollars in millions)
Commercial and industrial	$	758	$	89	$	669	$	61	$	608	$	189		36.7	%
Commercial real estate mortgage—owner- occupied		884		91		793		34		759		222		35.4
Commercial real estate construction—owner-occupied		39		12		27		1		26		10		56.4

Total commercial		1,681		192		1,489		96		1,393		421		36.5

Commercial investor real estate mortgage		1,732		143		1,589		63		1,526		397		31.2
Commercial investor real estate construction		376		56		320		23		297		143		52.9

Total investor real estate		2,108		199		1,909		86		1,823		540		35.1

Residential first mortgage		1,171		61		1,110		—		1,110		163		19.1
Home equity		454		14		440		—		440		62		16.7
Indirect		1		—		1		—		1		—		—
Other consumer		55		—		55		—		55		1		1.8

Total consumer		1,681		75		1,606		—		1,606		226		17.9

Total impaired loans	$	5,470	$	466	$	5,004	$	182	$	4,822	$	1,187		30.2	%

(1)	Unpaid principal balance represents the contractual obligation due from the customer and includes the net book value plus charge-offs and payments applied.

(2)	Charge-offs and payments applied represents cumulative partial charge-offs taken, as well as interest payments received that have been applied against the outstanding principal balance.

(3)	Book value represents the unpaid principal balance less charge-offs and payments applied; it is shown before any allowance for loan losses.

(4)	Coverage % represents charge-offs and payments applied plus the related allowance as a percent of the unpaid principal balance.


	Three Months Ended June 30								Six Months Ended June 30
	2012				2011				2012				2011
	Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized
	(In millions)
Commercial and industrial	$	669	$	4	$	452	$	—	$	699	$	8	$	444	$	—
Commercial real estate mortgage—owner-occupied		756		2		690		1		771		5		697		2
Commercial real estate construction—owner-occupied		26		—		30		—		27		—		31		—

Total commercial		1,451		6		1,172		1		1,497		13		1,172		2

Commercial investor real estate mortgage		1,560		11		1,234		3		1,598		21		1,301		5
Commercial investor real estate construction		220		2		442		—		257		4		469		—

Total investor real estate		1,780		13		1,676		3		1,855		25		1,770		5

Residential first mortgage		1,147		9		1,083		11		1,139		19		1,072		20
Home equity		444		6		401		5		443		11		390		10
Indirect		2		—		2		—		2		—		2		—
Other consumer		49		2		62		1		51		2		63		2

Total consumer		1,642		17		1,548		17		1,635		32		1,527		32

Total impaired loans	$	4,873	$	36	$	4,396	$	21	$	4,987	$	70	$	4,469	$	39


	Three Months Ended June 30, 2012
					Financial Impact of Modifications Considered TDRs
	Number of Obligors		Recorded Investment		Increase in Allowance at Modification
			(Dollars in millions)
Commercial and industrial		160	$	185	$	1
Commercial real estate mortgage—owner-occupied		91		94		1
Commercial real estate construction—owner-occupied		1		2		—

Total commercial		252		281		2
Commercial investor real estate mortgage		160		287		2
Commercial investor real estate construction		59		34		—

Total investor real estate		219		321		2
Residential first mortgage		416		92		12
Home equity		277		21		1
Indirect and other consumer		141		3		—

Total consumer		834		116		13

		1,305	$	718	$	17


	Six Months Ended June 30, 2012
					Financial Impact of Modifications Considered TDRs
	Number of Obligors		Recorded Investment		Increase in Allowance at Modification
			(Dollars in millions)
Commercial and industrial		359	$	336	$	2
Commercial real estate mortgage—owner-occupied		236		210		2
Commercial real estate construction—owner-occupied		7		6		—

Total commercial		602		552		4
Commercial investor real estate mortgage		347		737		6
Commercial investor real estate construction		129		76		1

Total investor real estate		476		813		7
Residential first mortgage		768		159		20
Home equity		586		44		3
Indirect and other consumer		302		6		—

Total consumer		1,656		209		23

		2,734	$	1,574	$	34


	Three Months Ended		Six Months Ended
	June 30, 2012
	(In millions)
Defaulted During the Period, Where Modified in a TDR Twelve Months Prior to Default
Commercial and industrial	$	23	$	59
Commercial real estate mortgage—owner-occupied		23		34
Commercial real estate construction—owner-occupied		—		1

Total commercial		46		94
Commercial investor real estate mortgage		51		111
Commercial investor real estate construction		12		19

Total investor real estate		63		130
Residential first mortgage		12		33
Home equity		6		12

Total consumer		18		45

	$	127	$	269