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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

The following table summarizes certain tax credit and equity investments:


(Dollars in millions)	Balance Sheet Location	Jun 30, 2026		Dec 31, 2025
Investments in affordable housing projects, other qualified tax credits and other community development investments:
Carrying amount	Other assets	$	8,655	$	8,049
Amount of future funding commitments included in carrying amount	Other liabilities	2,449		2,531
Lending exposure	Loans and leases for funded amounts	2,203		2,341

Renewable energy investments:
Carrying amount	Other assets	895		736
Amount of future funding commitments not included in carrying amount	NA	1,071		719
SBIC and certain other equity method investments:
Carrying amount	Other assets	1,173		1,015
Amount of future funding commitments not included in carrying amount	NA	615		626

Tax Credits and Amortization, Tax Credit Investment Activity

The following table presents a summary of tax credits and amortization expense associated with the Company’s tax credit investment activity.


		Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	Income Statement Location	2026		2025		2026		2025
Tax credits:
Investments in affordable housing projects, other qualified tax credits, and other community development investments(1)	Provision for income taxes	$	232	$	209	$	457	$	420
Amortization and other changes in carrying amount:
Investments in affordable housing projects and other qualified tax credits	Provision for income taxes	$	202	$	186	$	402	$	374
Other community development investments	Other noninterest income	2		3		4		5

(1)Excludes renewable energy investment tax credits. These credits are recorded as a reduction to the carrying value of the underlying investments.

Notional Amounts of Off-Balance Sheet Financial Instruments

The following is a summary of selected notional amounts of off-balance sheet financial instruments:


(Dollars in millions)	Jun 30, 2026		Dec 31, 2025
Commitments to extend, originate, or purchase credit and other commitments	$	234,101	$	230,007
Residential mortgage loans sold with recourse	137		138
Maximum recourse exposure from mortgage loans sold with recourse liability	93		91
Indemnification, recourse, and repurchase reserves	18		18
CRE mortgages serviced for others covered by recourse provisions	9,217		9,421
Maximum recourse exposure	2,782		2,786
Recorded reserves related to CRE mortgages recourse exposure	10		10
Other loans serviced for others covered by recourse provisions	3,028		2,803
Maximum recourse exposure	76		80
Letters of credit and financial guarantees	9,864		9,347

TRS Transactions with The Associated VIE Reference Assets

The following table provides a summary of the TRS transactions with the associated VIE reference assets, which include trading loans and bonds:


(Dollars in millions)	Jun 30, 2026		Dec 31, 2025
Total return swaps:
VIE assets	$	1,951	$	2,117
Trading loans and bonds	1,763		1,909
VIE liabilities	179		285

Total Carrying Amount of Pledged Assets by Asset Type

The following table provides the total carrying amount of pledged assets by asset type:


(Dollars in millions)	Jun 30, 2026		Dec 31, 2025
Pledged securities	$	39,128	$	40,144

Pledged loans:
Federal Reserve	105,490		108,214
FHLB	76,596		74,767
Unused borrowing capacity:
Federal Reserve	81,004		84,160
FHLB	27,491		23,464

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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