Schedule of Loans and Leases Outstanding |
The following tables present total outstanding loans and leases and an aging analysis for the Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments, by class of financing receivables, at September 30, 2024 and December 31, 2023.
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30-59 Days
Past Due (1)
|
|
60-89 Days
Past Due (1)
|
|
90 Days or More
Past Due (1)
|
|
Total Past Due 30 Days or More |
|
Total
Current or
Less Than
30 Days
Past Due (1)
|
|
|
|
Loans Accounted for Under the Fair Value Option |
|
Total Outstandings |
(Dollars in millions) |
September 30, 2024 |
Consumer real estate |
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|
|
|
|
|
|
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
1,206
|
|
|
$ |
262
|
|
|
$ |
762
|
|
|
$ |
2,230
|
|
|
$ |
225,612
|
|
|
|
|
|
|
$ |
227,842
|
|
Home equity |
82
|
|
|
33
|
|
|
127
|
|
|
242
|
|
|
25,241
|
|
|
|
|
|
|
25,483
|
|
Credit card and other consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit card |
717
|
|
|
540
|
|
|
1,306
|
|
|
2,563
|
|
|
98,278
|
|
|
|
|
|
|
100,841
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct/Indirect consumer (2)
|
298
|
|
|
103
|
|
|
97
|
|
|
498
|
|
|
105,197
|
|
|
|
|
|
|
105,695
|
|
Other consumer |
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
161
|
|
|
|
|
|
|
161
|
|
Total consumer |
2,303
|
|
|
938
|
|
|
2,292
|
|
|
5,533
|
|
|
454,489
|
|
|
|
|
|
|
460,022
|
|
Consumer loans accounted for under the fair value option (3)
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
229
|
|
|
229
|
|
Total consumer loans and leases |
2,303
|
|
|
938
|
|
|
2,292
|
|
|
5,533
|
|
|
454,489
|
|
|
|
|
229
|
|
|
460,251
|
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. commercial |
415
|
|
|
330
|
|
|
461
|
|
|
1,206
|
|
|
378,357
|
|
|
|
|
|
|
379,563
|
|
Non-U.S. commercial |
19
|
|
|
23
|
|
|
85
|
|
|
127
|
|
|
127,611
|
|
|
|
|
|
|
127,738
|
|
Commercial real estate (4)
|
511
|
|
|
138
|
|
|
1,209
|
|
|
1,858
|
|
|
66,562
|
|
|
|
|
|
|
68,420
|
|
Commercial lease financing |
26
|
|
|
20
|
|
|
17
|
|
|
63
|
|
|
14,929
|
|
|
|
|
|
|
14,992
|
|
U.S. small business commercial |
186
|
|
|
96
|
|
|
186
|
|
|
468
|
|
|
20,425
|
|
|
|
|
|
|
20,893
|
|
Total commercial |
1,157
|
|
|
607
|
|
|
1,958
|
|
|
3,722
|
|
|
607,884
|
|
|
|
|
|
|
611,606
|
|
Commercial loans accounted for under the fair value option (3)
|
|
|
|
|
|
|
|
|
|
|
|
|
3,943
|
|
|
3,943
|
|
Total commercial loans and leases |
1,157
|
|
|
607
|
|
|
1,958
|
|
|
3,722
|
|
|
607,884
|
|
|
|
|
3,943
|
|
|
615,549
|
|
Total loans and leases (5)
|
$ |
3,460
|
|
|
$ |
1,545
|
|
|
$ |
4,250
|
|
|
$ |
9,255
|
|
|
$ |
1,062,373
|
|
|
|
|
$ |
4,172
|
|
|
$ |
1,075,800
|
|
Percentage of outstandings |
0.32
|
% |
|
0.14
|
% |
|
0.40
|
% |
|
0.86
|
% |
|
98.75
|
% |
|
|
|
0.39
|
% |
|
100.00
|
% |
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $179 million and nonperforming loans of $181 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $68 million and nonperforming loans of $93 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $215 million and nonperforming loans of $674 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $52 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $54.9 billion, U.S. securities-based lending loans of $47.3 billion and non-U.S. consumer loans of $2.8 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $63 million and home equity loans of $166 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.7 billion and non-U.S. commercial loans of $1.3 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $61.8 billion and non-U.S. commercial real estate loans of $6.6 billion.
(5)Total outstandings includes loans and leases pledged as collateral of $27.7 billion. The Corporation also pledged $302.5 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
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|
|
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|
|
30-59 Days Past Due (1)
|
|
60-89 Days
Past Due (1)
|
|
90 Days or More Past Due (1)
|
|
Total Past Due 30 Days or More |
|
Total
Current or
Less Than
30 Days
Past Due (1)
|
|
|
|
Loans Accounted for Under the Fair Value Option |
|
Total Outstandings |
(Dollars in millions) |
December 31, 2023 |
Consumer real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage |
$ |
1,177 |
|
|
$ |
302 |
|
|
$ |
829 |
|
|
$ |
2,308 |
|
|
$ |
226,095 |
|
|
|
|
|
|
$ |
228,403 |
|
Home equity |
90 |
|
|
38 |
|
|
161 |
|
|
289 |
|
|
25,238 |
|
|
|
|
|
|
25,527 |
|
Credit card and other consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit card |
680 |
|
|
515 |
|
|
1,224 |
|
|
2,419 |
|
|
99,781 |
|
|
|
|
|
|
102,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct/Indirect consumer (2)
|
306 |
|
|
99 |
|
|
91 |
|
|
496 |
|
|
102,972 |
|
|
|
|
|
|
103,468 |
|
Other consumer |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
124 |
|
|
|
|
|
|
124 |
|
Total consumer |
2,253 |
|
|
954 |
|
|
2,305 |
|
|
5,512 |
|
|
454,210 |
|
|
|
|
|
|
459,722 |
|
Consumer loans accounted for under the fair value option (3)
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
243 |
|
|
243 |
|
Total consumer loans and leases |
2,253 |
|
|
954 |
|
|
2,305 |
|
|
5,512 |
|
|
454,210 |
|
|
|
|
243 |
|
|
459,965 |
|
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. commercial |
477 |
|
|
96 |
|
|
225 |
|
|
798 |
|
|
358,133 |
|
|
|
|
|
|
358,931 |
|
Non-U.S. commercial |
86 |
|
|
21 |
|
|
64 |
|
|
171 |
|
|
124,410 |
|
|
|
|
|
|
124,581 |
|
Commercial real estate (4)
|
247 |
|
|
133 |
|
|
505 |
|
|
885 |
|
|
71,993 |
|
|
|
|
|
|
72,878 |
|
Commercial lease financing |
44 |
|
|
8 |
|
|
24 |
|
|
76 |
|
|
14,778 |
|
|
|
|
|
|
14,854 |
|
U.S. small business commercial |
166 |
|
|
89 |
|
|
184 |
|
|
439 |
|
|
18,758 |
|
|
|
|
|
|
19,197 |
|
Total commercial |
1,020 |
|
|
347 |
|
|
1,002 |
|
|
2,369 |
|
|
588,072 |
|
|
|
|
|
|
590,441 |
|
Commercial loans accounted for under the fair value option (3)
|
|
|
|
|
|
|
|
|
|
|
|
|
3,326 |
|
|
3,326 |
|
Total commercial loans and leases |
1,020 |
|
|
347 |
|
|
1,002 |
|
|
2,369 |
|
|
588,072 |
|
|
|
|
3,326 |
|
|
593,767 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans and leases (5)
|
$ |
3,273 |
|
|
$ |
1,301 |
|
|
$ |
3,307 |
|
|
$ |
7,881 |
|
|
$ |
1,042,282 |
|
|
|
|
$ |
3,569 |
|
|
$ |
1,053,732 |
|
Percentage of outstandings |
0.31 |
% |
|
0.12 |
% |
|
0.31 |
% |
|
0.75 |
% |
|
98.91 |
% |
|
|
|
0.34 |
% |
|
100.00 |
% |
(1)Consumer real estate loans 30-59 days past due includes fully-insured loans of $198 million and nonperforming loans of $150 million. Consumer real estate loans 60-89 days past due includes fully-insured loans of $77 million and nonperforming loans of $102 million. Consumer real estate loans 90 days or more past due includes fully-insured loans of $252 million and nonperforming loans of $738 million. Consumer real estate loans current or less than 30 days past due includes $1.6 billion, and direct/indirect consumer includes $39 million of nonperforming loans.
(2)Total outstandings primarily includes auto and specialty lending loans and leases of $53.9 billion, U.S. securities-based lending loans of $46.0 billion and non-U.S. consumer loans of $2.8 billion.
(3)Consumer loans accounted for under the fair value option includes residential mortgage loans of $66 million and home equity loans of $177 million. Commercial loans accounted for under the fair value option includes U.S. commercial loans of $2.2 billion and non-U.S. commercial loans of $1.2 billion. For more information, see Note 14 – Fair Value Measurements and Note 15 – Fair Value Option.
(4)Total outstandings includes U.S. commercial real estate loans of $66.8 billion and non-U.S. commercial real estate loans of $6.1 billion.
(5)Total outstandings includes loans and leases pledged as collateral of $33.7 billion. The Corporation also pledged $246.0 billion of loans with no related outstanding borrowings to secure potential borrowing capacity with the Federal Reserve Bank and Federal Home Loan Bank.
|
Financing Receivable Credit Quality Indicators |
The following tables present certain credit quality indicators and gross charge-offs for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at September 30, 2024.
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|
Residential Mortgage – Credit Quality Indicators By Vintage |
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
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|
|
|
|
|
|
Term Loans by Origination Year |
|
|
|
|
|
|
(Dollars in millions) |
Total as of September 30, 2024 |
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
|
|
Prior |
|
|
|
|
|
|
Residential Mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refreshed LTV
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than or equal to 90 percent |
$ |
215,050
|
|
|
$ |
12,861 |
|
|
$ |
13,670 |
|
|
$ |
37,299 |
|
|
$ |
72,985 |
|
|
$ |
33,129 |
|
|
|
|
$ |
45,106 |
|
|
|
|
|
|
|
Greater than 90 percent but less than or equal to 100 percent |
1,752
|
|
|
553 |
|
|
528 |
|
|
480 |
|
|
123 |
|
|
23 |
|
|
|
|
45 |
|
|
|
|
|
|
|
Greater than 100 percent |
725
|
|
|
313 |
|
|
181 |
|
|
137 |
|
|
53 |
|
|
17 |
|
|
|
|
24 |
|
|
|
|
|
|
|
Fully-insured loans |
10,315
|
|
|
440 |
|
|
201 |
|
|
312 |
|
|
3,220 |
|
|
2,634 |
|
|
|
|
3,508 |
|
|
|
|
|
|
|
Total Residential Mortgage |
$ |
227,842
|
|
|
$ |
14,167 |
|
|
$ |
14,580 |
|
|
$ |
38,228 |
|
|
$ |
76,381 |
|
|
$ |
35,803 |
|
|
|
|
$ |
48,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential Mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
2,500
|
|
|
$ |
125 |
|
|
$ |
162 |
|
|
$ |
470 |
|
|
$ |
607 |
|
|
$ |
418 |
|
|
|
|
$ |
718 |
|
|
|
|
|
|
|
Greater than or equal to 620 and less than 680 |
4,657
|
|
|
222 |
|
|
364 |
|
|
894 |
|
|
1,175 |
|
|
704 |
|
|
|
|
1,298 |
|
|
|
|
|
|
|
Greater than or equal to 680 and less than 740 |
22,362
|
|
|
1,443 |
|
|
1,644 |
|
|
4,072 |
|
|
6,341 |
|
|
3,494 |
|
|
|
|
5,368 |
|
|
|
|
|
|
|
Greater than or equal to 740 |
188,008
|
|
|
11,937 |
|
|
12,209 |
|
|
32,480 |
|
|
65,038 |
|
|
28,553 |
|
|
|
|
37,791 |
|
|
|
|
|
|
|
Fully-insured loans |
10,315
|
|
|
440 |
|
|
201 |
|
|
312 |
|
|
3,220 |
|
|
2,634 |
|
|
|
|
3,508 |
|
|
|
|
|
|
|
Total Residential Mortgage |
$ |
227,842
|
|
|
$ |
14,167 |
|
|
$ |
14,580 |
|
|
$ |
38,228 |
|
|
$ |
76,381 |
|
|
$ |
35,803 |
|
|
|
|
$ |
48,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
18
|
|
|
$ |
— |
|
|
$ |
2 |
|
|
$ |
4 |
|
|
$ |
2 |
|
|
$ |
1 |
|
|
|
|
$ |
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity - Credit Quality Indicators |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
Home Equity Loans and Reverse Mortgages (1)
|
|
Revolving Loans |
|
Revolving Loans Converted to Term Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions) |
September 30, 2024 |
|
|
|
|
|
|
|
Home Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refreshed LTV
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than or equal to 90 percent |
$ |
25,399
|
|
|
$ |
806
|
|
|
$ |
21,078
|
|
|
$ |
3,515
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than 90 percent but less than or equal to 100 percent |
40
|
|
|
3
|
|
|
33
|
|
|
4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than 100 percent |
44
|
|
|
1
|
|
|
32
|
|
|
11
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Home Equity |
$ |
25,483
|
|
|
$ |
810
|
|
|
$ |
21,143
|
|
|
$ |
3,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
633
|
|
|
$ |
71
|
|
|
$ |
299
|
|
|
$ |
263
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than or equal to 620 and less than 680 |
1,092
|
|
|
86
|
|
|
661
|
|
|
345
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than or equal to 680 and less than 740 |
4,290
|
|
|
168
|
|
|
3,300
|
|
|
822
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than or equal to 740 |
19,468
|
|
|
485
|
|
|
16,883
|
|
|
2,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Home Equity |
$ |
25,483
|
|
|
$ |
810
|
|
|
$ |
21,143
|
|
|
$ |
3,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
16
|
|
|
$ |
6
|
|
|
$ |
5
|
|
|
$ |
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)Includes reverse mortgages of $510 million and home equity loans of $300 million, which are no longer originated.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct/Indirect |
|
|
|
|
|
|
|
Term Loans by Origination Year |
|
Credit Card |
(Dollars in millions) |
Total Direct/ Indirect as of September 30, 2024 |
|
Revolving Loans |
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
Prior |
|
Total Credit Card as of September 30, 2024 |
|
Revolving Loans |
|
Revolving Loans Converted to Term Loans (1)
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
1,415
|
|
|
$ |
11 |
|
|
$ |
163 |
|
|
$ |
424 |
|
|
$ |
439 |
|
|
$ |
265 |
|
|
$ |
60 |
|
|
$ |
53 |
|
|
$ |
5,735
|
|
|
$ |
5,384 |
|
|
$ |
351 |
|
Greater than or equal to 620 and less than 680 |
2,336
|
|
|
9 |
|
|
522 |
|
|
757 |
|
|
582 |
|
|
314 |
|
|
79 |
|
|
73 |
|
|
11,452
|
|
|
11,133 |
|
|
319 |
|
Greater than or equal to 680 and less than 740 |
8,035
|
|
|
44 |
|
|
2,284 |
|
|
2,436 |
|
|
1,800 |
|
|
970 |
|
|
273 |
|
|
228 |
|
|
34,390
|
|
|
34,106 |
|
|
284 |
|
Greater than or equal to 740 |
43,274
|
|
|
68 |
|
|
14,338 |
|
|
12,466 |
|
|
8,701 |
|
|
4,664 |
|
|
1,613 |
|
|
1,424 |
|
|
49,264
|
|
|
49,201 |
|
|
63 |
|
Other internal credit
metrics (2,3)
|
50,635
|
|
|
50,133 |
|
|
114 |
|
|
53 |
|
|
98 |
|
|
64 |
|
|
36 |
|
|
137 |
|
|
—
|
|
|
— |
|
|
— |
|
Total credit card and other consumer |
$ |
105,695
|
|
|
$ |
50,265 |
|
|
$ |
17,421 |
|
|
$ |
16,136 |
|
|
$ |
11,620 |
|
|
$ |
6,277 |
|
|
$ |
2,061 |
|
|
$ |
1,915 |
|
|
$ |
100,841
|
|
|
$ |
99,824 |
|
|
$ |
1,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
292
|
|
|
$ |
4 |
|
|
$ |
20 |
|
|
$ |
107 |
|
|
$ |
86 |
|
|
$ |
40 |
|
|
$ |
10 |
|
|
$ |
25 |
|
|
$ |
3,235
|
|
|
$ |
3,103 |
|
|
$ |
132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)Represents loans that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $50.1 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at September 30, 2024.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial – Credit Quality Indicators By Vintage (1)
|
|
|
|
|
|
|
|
|
|
|
|
Term Loans |
|
|
|
|
|
|
|
Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions) |
Total as of September 30, 2024 |
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
Prior |
|
Revolving Loans |
|
|
U.S. Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
366,116
|
|
|
$ |
32,114 |
|
|
$ |
36,286 |
|
|
$ |
36,234 |
|
|
$ |
22,318 |
|
|
$ |
11,309 |
|
|
$ |
35,902 |
|
|
$ |
191,953 |
|
|
|
Reservable criticized |
13,447
|
|
|
86 |
|
|
814 |
|
|
1,007 |
|
|
886 |
|
|
388 |
|
|
2,044 |
|
|
8,222 |
|
|
|
Total U.S. Commercial |
$ |
379,563
|
|
|
$ |
32,200 |
|
|
$ |
37,100 |
|
|
$ |
37,241 |
|
|
$ |
23,204 |
|
|
$ |
11,697 |
|
|
$ |
37,946 |
|
|
$ |
200,175 |
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
327 |
|
|
$ |
2 |
|
|
$ |
111 |
|
|
$ |
64 |
|
|
$ |
14 |
|
|
$ |
4 |
|
|
$ |
16 |
|
|
$ |
116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-U.S. Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
125,663
|
|
|
$ |
13,329 |
|
|
$ |
16,902 |
|
|
$ |
13,303 |
|
|
$ |
12,712 |
|
|
$ |
1,450 |
|
|
$ |
7,643 |
|
|
$ |
60,324 |
|
|
|
Reservable criticized |
2,075
|
|
|
1 |
|
|
155 |
|
|
125 |
|
|
293 |
|
|
12 |
|
|
91 |
|
|
1,398 |
|
|
|
Total Non-U.S. Commercial |
$ |
127,738
|
|
|
$ |
13,330 |
|
|
$ |
17,057 |
|
|
$ |
13,428 |
|
|
$ |
13,005 |
|
|
$ |
1,462 |
|
|
$ |
7,734 |
|
|
$ |
61,722 |
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
61
|
|
|
$ |
— |
|
|
$ |
41 |
|
|
$ |
20 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
58,554
|
|
|
$ |
4,232 |
|
|
$ |
4,891 |
|
|
$ |
12,653 |
|
|
$ |
10,197 |
|
|
$ |
3,054 |
|
|
$ |
13,604 |
|
|
$ |
9,923 |
|
|
|
Reservable criticized |
9,866
|
|
|
27 |
|
|
180 |
|
|
2,421 |
|
|
2,229 |
|
|
644 |
|
|
3,953 |
|
|
412 |
|
|
|
Total Commercial Real Estate |
$ |
68,420
|
|
|
$ |
4,259 |
|
|
$ |
5,071 |
|
|
$ |
15,074 |
|
|
$ |
12,426 |
|
|
$ |
3,698 |
|
|
$ |
17,557 |
|
|
$ |
10,335 |
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
762
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
57 |
|
|
$ |
83 |
|
|
$ |
62 |
|
|
$ |
531 |
|
|
$ |
29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Lease Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
14,748
|
|
|
$ |
2,596 |
|
|
$ |
3,823 |
|
|
$ |
2,590 |
|
|
$ |
2,072 |
|
|
$ |
966 |
|
|
$ |
2,701 |
|
|
$ |
— |
|
|
|
Reservable criticized |
244
|
|
|
7 |
|
|
53 |
|
|
61 |
|
|
38 |
|
|
23 |
|
|
62 |
|
|
— |
|
|
|
Total Commercial Lease Financing |
$ |
14,992
|
|
|
$ |
2,603 |
|
|
$ |
3,876 |
|
|
$ |
2,651 |
|
|
$ |
2,110 |
|
|
$ |
989 |
|
|
$ |
2,763 |
|
|
$ |
— |
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
2
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Small Business Commercial (2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
9,562
|
|
|
$ |
1,379 |
|
|
$ |
1,920 |
|
|
$ |
1,698 |
|
|
$ |
1,354 |
|
|
$ |
665 |
|
|
$ |
2,108 |
|
|
$ |
438 |
|
|
|
Reservable criticized |
429
|
|
|
4 |
|
|
57 |
|
|
99 |
|
|
120 |
|
|
25 |
|
|
120 |
|
|
4 |
|
|
|
Total U.S. Small Business Commercial |
$ |
9,991
|
|
|
$ |
1,383 |
|
|
$ |
1,977 |
|
|
$ |
1,797 |
|
|
$ |
1,474 |
|
|
$ |
690 |
|
|
$ |
2,228 |
|
|
$ |
442 |
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
22
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
5 |
|
|
$ |
4 |
|
|
$ |
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
$ |
600,704
|
|
|
$ |
53,775 |
|
|
$ |
65,081 |
|
|
$ |
70,191 |
|
|
$ |
52,219 |
|
|
$ |
18,536 |
|
|
$ |
68,228 |
|
|
$ |
272,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross charge-offs for the nine months ended September 30, 2024 |
$ |
1,174
|
|
|
$ |
2 |
|
|
$ |
152 |
|
|
$ |
142 |
|
|
$ |
99 |
|
|
$ |
71 |
|
|
$ |
551 |
|
|
$ |
157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)Excludes $3.9 billion of loans accounted for under the fair value option at September 30, 2024.
(2)Excludes U.S. Small Business Card loans of $10.9 billion. Refreshed FICO scores for this portfolio are $667 million for less than 620; $1.2 billion for greater than or equal to 620 and less than 680; $3.0 billion for greater than or equal to 680 and less than 740; and $6.1 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $361 million.
The following tables present certain credit quality indicators for the Corporation's Consumer Real Estate, Credit Card and Other Consumer, and Commercial portfolio segments by year of origination, except for revolving loans and revolving loans that were modified into term loans, which are shown on an aggregate basis at December 31, 2023.
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential Mortgage – Credit Quality Indicators By Vintage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loans by Origination Year |
|
|
|
|
|
|
(Dollars in millions) |
Total as of December 31, 2023 |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
2019 |
|
|
|
Prior |
|
|
|
|
|
|
Residential Mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refreshed LTV
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than or equal to 90 percent |
$ |
214,661 |
|
|
$ |
15,224 |
|
|
$ |
38,225 |
|
|
$ |
76,229 |
|
|
$ |
35,072 |
|
|
$ |
17,432 |
|
|
|
|
$ |
32,479 |
|
|
|
|
|
|
|
Greater than 90 percent but less than or equal to 100 percent |
1,994 |
|
|
698 |
|
|
911 |
|
|
286 |
|
|
53 |
|
|
25 |
|
|
|
|
21 |
|
|
|
|
|
|
|
Greater than 100 percent |
785 |
|
|
264 |
|
|
342 |
|
|
100 |
|
|
31 |
|
|
14 |
|
|
|
|
34 |
|
|
|
|
|
|
|
Fully-insured loans |
10,963 |
|
|
540 |
|
|
350 |
|
|
3,415 |
|
|
2,834 |
|
|
847 |
|
|
|
|
2,977 |
|
|
|
|
|
|
|
Total Residential Mortgage |
$ |
228,403 |
|
|
$ |
16,726 |
|
|
$ |
39,828 |
|
|
$ |
80,030 |
|
|
$ |
37,990 |
|
|
$ |
18,318 |
|
|
|
|
$ |
35,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential Mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
2,335 |
|
|
$ |
115 |
|
|
$ |
471 |
|
|
$ |
589 |
|
|
$ |
402 |
|
|
$ |
136 |
|
|
|
|
$ |
622 |
|
|
|
|
|
|
|
Greater than or equal to 620 and less than 680 |
4,671 |
|
|
359 |
|
|
919 |
|
|
1,235 |
|
|
777 |
|
|
296 |
|
|
|
|
1,085 |
|
|
|
|
|
|
|
Greater than or equal to 680 and less than 740 |
23,357 |
|
|
1,934 |
|
|
4,652 |
|
|
6,988 |
|
|
3,742 |
|
|
1,836 |
|
|
|
|
4,205 |
|
|
|
|
|
|
|
Greater than or equal to 740 |
187,077 |
|
|
13,778 |
|
|
33,436 |
|
|
67,803 |
|
|
30,235 |
|
|
15,203 |
|
|
|
|
26,622 |
|
|
|
|
|
|
|
Fully-insured loans |
10,963 |
|
|
540 |
|
|
350 |
|
|
3,415 |
|
|
2,834 |
|
|
847 |
|
|
|
|
2,977 |
|
|
|
|
|
|
|
Total Residential Mortgage |
$ |
228,403 |
|
|
$ |
16,726 |
|
|
$ |
39,828 |
|
|
$ |
80,030 |
|
|
$ |
37,990 |
|
|
$ |
18,318 |
|
|
|
|
$ |
35,511 |
|
|
|
|
|
|
|
Gross charge-offs for the year ended December 31, 2023 |
$ |
67 |
|
|
$ |
— |
|
|
$ |
7 |
|
|
$ |
12 |
|
|
$ |
6 |
|
|
$ |
2 |
|
|
|
|
$ |
40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity - Credit Quality Indicators |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
Home Equity Loans and Reverse Mortgages (1)
|
|
Revolving Loans |
|
Revolving Loans Converted to Term Loans |
|
|
|
|
|
(Dollars in millions) |
|
|
December 31, 2023 |
|
|
|
|
|
Home Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refreshed LTV
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than or equal to 90 percent |
|
|
|
|
|
|
|
|
$ |
25,378 |
|
|
$ |
1,051 |
|
|
$ |
20,380 |
|
|
$ |
3,947 |
|
|
|
|
|
|
Greater than 90 percent but less than or equal to 100 percent |
|
|
|
|
|
|
|
|
61 |
|
|
17 |
|
|
35 |
|
|
9 |
|
|
|
|
|
|
Greater than 100 percent |
|
|
|
|
|
|
|
|
88 |
|
|
35 |
|
|
36 |
|
|
17 |
|
|
|
|
|
|
Total Home Equity |
|
|
|
|
|
|
|
|
$ |
25,527 |
|
|
$ |
1,103 |
|
|
$ |
20,451 |
|
|
$ |
3,973 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
|
|
|
|
|
|
|
|
$ |
654 |
|
|
$ |
123 |
|
|
$ |
253 |
|
|
$ |
278 |
|
|
|
|
|
|
Greater than or equal to 620 and less than 680 |
|
|
|
|
|
|
|
|
1,107 |
|
|
118 |
|
|
589 |
|
|
400 |
|
|
|
|
|
|
Greater than or equal to 680 and less than 740 |
|
|
|
|
|
|
|
|
4,340 |
|
|
240 |
|
|
3,156 |
|
|
944 |
|
|
|
|
|
|
Greater than or equal to 740 |
|
|
|
|
|
|
|
|
19,426 |
|
|
622 |
|
|
16,453 |
|
|
2,351 |
|
|
|
|
|
|
Total Home Equity |
|
|
|
|
|
|
|
|
$ |
25,527 |
|
|
$ |
1,103 |
|
|
$ |
20,451 |
|
|
$ |
3,973 |
|
|
|
|
|
|
Gross charge-offs for the year ended December 31, 2023 |
|
|
|
|
|
|
|
|
$ |
36 |
|
|
$ |
4 |
|
|
$ |
21 |
|
|
$ |
11 |
|
|
|
|
|
|
(1)Includes reverse mortgages of $763 million and home equity loans of $340 million, which are no longer originated.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Card and Direct/Indirect Consumer – Credit Quality Indicators By Vintage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct/Indirect |
|
|
|
|
|
|
|
Term Loans by Origination Year |
|
Credit Card |
(Dollars in millions) |
Total Direct/Indirect as of December 31, 2023 |
|
Revolving Loans |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
2019 |
|
Prior |
|
Total Credit Card as of December 31, 2023 |
|
Revolving Loans |
|
Revolving Loans Converted to Term Loans (1)
|
Refreshed FICO score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 620 |
$ |
1,246 |
|
|
$ |
11 |
|
|
$ |
292 |
|
|
$ |
428 |
|
|
$ |
336 |
|
|
$ |
85 |
|
|
$ |
55 |
|
|
$ |
39 |
|
|
$ |
5,338 |
|
|
$ |
5,030 |
|
|
$ |
308 |
|
Greater than or equal to 620 and less than 680 |
2,506 |
|
|
11 |
|
|
937 |
|
|
799 |
|
|
501 |
|
|
121 |
|
|
73 |
|
|
64 |
|
|
11,623 |
|
|
11,345 |
|
|
278 |
|
Greater than or equal to 680 and less than 740 |
8,629 |
|
|
48 |
|
|
3,451 |
|
|
2,582 |
|
|
1,641 |
|
|
462 |
|
|
244 |
|
|
201 |
|
|
34,777 |
|
|
34,538 |
|
|
239 |
|
Greater than or equal to 740 |
41,656 |
|
|
74 |
|
|
16,761 |
|
|
11,802 |
|
|
7,643 |
|
|
2,707 |
|
|
1,417 |
|
|
1,252 |
|
|
50,462 |
|
|
50,410 |
|
|
52 |
|
Other internal credit
metrics (2, 3)
|
49,431 |
|
|
48,764 |
|
|
106 |
|
|
183 |
|
|
110 |
|
|
53 |
|
|
57 |
|
|
158 |
|
|
— |
|
|
— |
|
|
— |
|
Total credit card and other consumer |
$ |
103,468 |
|
|
$ |
48,908 |
|
|
$ |
21,547 |
|
|
$ |
15,794 |
|
|
$ |
10,231 |
|
|
$ |
3,428 |
|
|
$ |
1,846 |
|
|
$ |
1,714 |
|
|
$ |
102,200 |
|
|
$ |
101,323 |
|
|
$ |
877 |
|
Gross charge-offs for the year ended December 31, 2023 |
$ |
233 |
|
|
$ |
5 |
|
|
$ |
32 |
|
|
$ |
95 |
|
|
$ |
53 |
|
|
$ |
15 |
|
|
$ |
10 |
|
|
$ |
23 |
|
|
$ |
3,133 |
|
|
$ |
3,013 |
|
|
$ |
120 |
|
(1)Represents loans that were modified into term loans.
(2)Other internal credit metrics may include delinquency status, geography or other factors.
(3)Direct/indirect consumer includes $48.8 billion of securities-based lending, which is typically supported by highly liquid collateral with market value greater than or equal to the outstanding loan balance and therefore has minimal credit risk at December 31, 2023.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial – Credit Quality Indicators By Vintage (1)
|
|
|
|
|
|
|
|
|
|
|
|
Term Loans |
|
|
|
|
|
|
|
Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions) |
Total as of December 31, 2023 |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
2019 |
|
Prior |
|
Revolving Loans |
|
|
U.S. Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
347,563 |
|
|
$ |
41,842 |
|
|
$ |
43,290 |
|
|
$ |
27,738 |
|
|
$ |
13,495 |
|
|
$ |
11,772 |
|
|
$ |
29,923 |
|
|
$ |
179,503 |
|
|
|
Reservable criticized |
11,368 |
|
|
278 |
|
|
1,316 |
|
|
708 |
|
|
363 |
|
|
537 |
|
|
1,342 |
|
|
6,824 |
|
|
|
Total U.S. Commercial |
$ |
358,931 |
|
|
$ |
42,120 |
|
|
$ |
44,606 |
|
|
$ |
28,446 |
|
|
$ |
13,858 |
|
|
$ |
12,309 |
|
|
$ |
31,265 |
|
|
$ |
186,327 |
|
|
|
Gross charge-offs for the year ended December 31, 2023 |
$ |
191 |
|
|
$ |
5 |
|
|
$ |
38 |
|
|
$ |
29 |
|
|
$ |
4 |
|
|
$ |
2 |
|
|
$ |
27 |
|
|
$ |
86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-U.S. Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
122,931 |
|
|
$ |
17,053 |
|
|
$ |
15,810 |
|
|
$ |
15,256 |
|
|
$ |
2,405 |
|
|
$ |
2,950 |
|
|
$ |
5,485 |
|
|
$ |
63,972 |
|
|
|
Reservable criticized |
1,650 |
|
|
50 |
|
|
184 |
|
|
294 |
|
|
90 |
|
|
158 |
|
|
74 |
|
|
800 |
|
|
|
Total Non-U.S. Commercial |
$ |
124,581 |
|
|
$ |
17,103 |
|
|
$ |
15,994 |
|
|
$ |
15,550 |
|
|
$ |
2,495 |
|
|
$ |
3,108 |
|
|
$ |
5,559 |
|
|
$ |
64,772 |
|
|
|
Gross charge-offs for the year ended December 31, 2023 |
$ |
37 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8 |
|
|
$ |
7 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
64,150 |
|
|
$ |
4,877 |
|
|
$ |
16,147 |
|
|
$ |
11,810 |
|
|
$ |
4,026 |
|
|
$ |
7,286 |
|
|
$ |
10,127 |
|
|
$ |
9,877 |
|
|
|
Reservable criticized |
8,728 |
|
|
134 |
|
|
749 |
|
|
1,728 |
|
|
782 |
|
|
2,132 |
|
|
2,794 |
|
|
409 |
|
|
|
Total Commercial Real Estate |
$ |
72,878 |
|
|
$ |
5,011 |
|
|
$ |
16,896 |
|
|
$ |
13,538 |
|
|
$ |
4,808 |
|
|
$ |
9,418 |
|
|
$ |
12,921 |
|
|
$ |
10,286 |
|
|
|
Gross charge-offs for the year ended December 31, 2023 |
$ |
254 |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
4 |
|
|
$ |
— |
|
|
$ |
59 |
|
|
$ |
189 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Lease Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
14,688 |
|
|
$ |
4,188 |
|
|
$ |
3,077 |
|
|
$ |
2,373 |
|
|
$ |
1,349 |
|
|
$ |
1,174 |
|
|
$ |
2,527 |
|
|
$ |
— |
|
|
|
Reservable criticized |
166 |
|
|
9 |
|
|
22 |
|
|
46 |
|
|
16 |
|
|
32 |
|
|
41 |
|
|
— |
|
|
|
Total Commercial Lease Financing |
$ |
14,854 |
|
|
$ |
4,197 |
|
|
$ |
3,099 |
|
|
$ |
2,419 |
|
|
$ |
1,365 |
|
|
$ |
1,206 |
|
|
$ |
2,568 |
|
|
$ |
— |
|
|
|
Gross charge-offs for the year ended December 31, 2023 |
$ |
2 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Small Business Commercial (2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk ratings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass rated |
$ |
9,031 |
|
|
$ |
1,886 |
|
|
$ |
1,830 |
|
|
$ |
1,550 |
|
|
$ |
836 |
|
|
$ |
721 |
|
|
$ |
1,780 |
|
|
$ |
428 |
|
|
|
Reservable criticized |
384 |
|
|
6 |
|
|
64 |
|
|
95 |
|
|
40 |
|
|
63 |
|
|
113 |
|
|
3 |
|
|
|
Total U.S. Small Business Commercial |
$ |
9,415 |
|
|
$ |
1,892 |
|
|
$ |
1,894 |
|
|
$ |
1,645 |
|
|
$ |
876 |
|
|
$ |
784 |
|
|
$ |
1,893 |
|
|
$ |
431 |
|
|
|
Gross charge-offs for the year ended December 31, 2023 |
$ |
43 |
|
|
$ |
1 |
|
|
$ |
2 |
|
|
$ |
2 |
|
|
$ |
19 |
|
|
$ |
3 |
|
|
$ |
4 |
|
|
$ |
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
$ |
580,659 |
|
|
$ |
70,323 |
|
|
$ |
82,489 |
|
|
$ |
61,598 |
|
|
$ |
23,402 |
|
|
$ |
26,825 |
|
|
$ |
54,206 |
|
|
$ |
261,816 |
|
|
|
Gross charge-offs for the year ended December 31, 2023 |
$ |
527 |
|
|
$ |
8 |
|
|
$ |
40 |
|
|
$ |
44 |
|
|
$ |
31 |
|
|
$ |
65 |
|
|
$ |
220 |
|
|
$ |
119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Excludes $3.3 billion of loans accounted for under the fair value option at December 31, 2023.
(2) Excludes U.S. Small Business Card loans of $9.8 billion. Refreshed FICO scores for this portfolio are $530 million for less than 620; $1.1 billion for greater than or equal to 620 and less than 680; $2.7 billion for greater than or equal to 680 and less than 740; and $5.5 billion greater than or equal to 740. Excludes U.S. Small Business Card loans gross charge-offs of $317 million.
|