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ALLOWANCE FOR CREDIT LOSSES | 6 Months Ended
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Jun. 30, 2019
Receivables [Abstract] |
ALLOWANCE FOR CREDIT LOSSES | ALLOWANCE FOR CREDIT LOSSES The allowance for credit losses addresses credit losses inherent in the existing loan and lease portfolio and is presented as a reserve against loans and leases on the Consolidated Balance Sheets. Loan and lease losses are charged off against the allowance for credit losses, with recoveries of amounts previously charged off credited to the allowance for credit losses. Provisions for credit losses are charged to operations based on management’s periodic evaluation of the appropriate level of the allowance for credit losses. Following is a summary of changes in the allowance for credit losses, by loan and lease class: TABLE 5.1
(in millions) | Balance at Beginning of Period |  | Charge- Offs |  | Recoveries |  | Net Charge- Offs |  | Provision for Credit Losses |  | Balance at End of Period
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 57 |  |  | $ | (1 | ) |  | $ | 1 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 61 |
Commercial and industrial | 52 |  |  | (3 | ) |  | 1 |  |  | (2 | ) |  | 2 |  |  | 52 |
Commercial leases | 8 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 9 |
Other | 2 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | — |  |  | 1 |
Total commercial loans and leases | 119 |  |  | (5 | ) |  | 2 |  |  | (3 | ) |  | 7 |  |  | 123 |
Direct installment | 12 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 13 |
Residential mortgages | 19 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | 2 |  |  | 20 |
Indirect installment | 17 |  |  | (2 | ) |  | 1 |  |  | (1 | ) |  | 2 |  |  | 18 |
Consumer lines of credit | 10 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | — |  |  | 9 |
Total consumer loans | 58 |  |  | (4 | ) |  | 1 |  |  | (3 | ) |  | 5 |  |  | 60 |
Total allowance on originated loans and leases | 177 |  |  | (9 | ) |  | 3 |  |  | (6 | ) |  | 12 |  |  | 183 |
Purchased credit-impaired loans | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Other acquired loans | 8 |  |  | (4 | ) |  | 1 |  |  | (3 | ) |  | (1 | ) |  | 4 |
Total allowance on acquired loans | 9 |  |  | (4 | ) |  | 1 |  |  | (3 | ) |  | (1 | ) |  | 5 |
Total allowance for credit losses | $ | 186 |  |  | $ | (13 | ) |  | $ | 4 |  |  | $ | (9 | ) |  | $ | 11 |  |  | $ | 188 |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 55 |  |  | $ | (2 | ) |  | $ | 1 |  |  | $ | (1 | ) |  | $ | 7 |  |  | $ | 61 |
Commercial and industrial | 49 |  |  | (4 | ) |  | 2 |  |  | (2 | ) |  | 5 |  |  | 52 |
Commercial leases | 8 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 9 |
Other | 2 |  |  | (2 | ) |  | — |  |  | (2 | ) |  | 1 |  |  | 1 |
Total commercial loans and leases | 114 |  |  | (8 | ) |  | 3 |  |  | (5 | ) |  | 14 |  |  | 123 |
Direct installment | 14 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | — |  |  | 13 |
Residential mortgages | 20 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | 1 |  |  | 20 |
Indirect installment | 15 |  |  | (5 | ) |  | 2 |  |  | (3 | ) |  | 6 |  |  | 18 |
Consumer lines of credit | 10 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | — |  |  | 9 |
Total consumer loans | 59 |  |  | (8 | ) |  | 2 |  |  | (6 | ) |  | 7 |  |  | 60 |
Total allowance on originated loans and leases | 173 |  |  | (16 | ) |  | 5 |  |  | (11 | ) |  | 21 |  |  | 183 |
Purchased credit-impaired loans | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Other loans acquired in a business combination | 6 |  |  | (7 | ) |  | 1 |  |  | (6 | ) |  | 4 |  |  | 4 |
Total allowance on loans acquired in a business combination | 7 |  |  | (7 | ) |  | 1 |  |  | (6 | ) |  | 4 |  |  | 5 |
Total allowance for credit losses | $ | 180 |  |  | $ | (23 | ) |  | $ | 6 |  |  | $ | (17 | ) |  | $ | 25 |  |  | $ | 188 |
(in millions) | Balance at Beginning of Period |  | Charge- Offs |  | Recoveries |  | Net Charge- Offs |  | Provision for Credit Losses |  | Balance at End of Period
Three Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 54 |  |  | $ | (5 | ) |  | $ | 1 |  |  | $ | (4 | ) |  | $ | — |  |  | $ | 50 |
Commercial and industrial | 53 |  |  | (6 | ) |  | 1 |  |  | (5 | ) |  | 6 |  |  | 54 |
Commercial leases | 6 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 7 |
Other | 2 |  |  | (2 | ) |  | — |  |  | (2 | ) |  | 2 |  |  | 2 |
Total commercial loans and leases | 115 |  |  | (13 | ) |  | 2 |  |  | (11 | ) |  | 9 |  |  | 113 |
Direct installment | 20 |  |  | (3 | ) |  | 1 |  |  | (2 | ) |  | 3 |  |  | 21 |
Residential mortgages | 15 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15 |
Indirect installment | 12 |  |  | (2 | ) |  | 1 |  |  | (1 | ) |  | 3 |  |  | 14 |
Consumer lines of credit | 10 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | 1 |  |  | 10 |
Total consumer loans | 57 |  |  | (6 | ) |  | 2 |  |  | (4 | ) |  | 7 |  |  | 60 |
Total allowance on originated loans and leases | 172 |  |  | (19 | ) |  | 4 |  |  | (15 | ) |  | 16 |  |  | 173 |
Purchased credit-impaired loans | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Other acquired loans | 6 |  |  | (4 | ) |  | 1 |  |  | (3 | ) |  | — |  |  | 3 |
Total allowance on acquired loans | 7 |  |  | (4 | ) |  | 1 |  |  | (3 | ) |  | — |  |  | 4 |
Total allowance for credit losses | $ | 179 |  |  | $ | (23 | ) |  | $ | 5 |  |  | $ | (18 | ) |  | $ | 16 |  |  | $ | 177 |
Six Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 50 |  |  | $ | (4 | ) |  | $ | 1 |  |  | $ | (3 | ) |  | $ | 3 |  |  | $ | 50 |
Commercial and industrial | 52 |  |  | (12 | ) |  | 1 |  |  | (11 | ) |  | 13 |  |  | 54 |
Commercial leases | 5 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 7 |
Other | 2 |  |  | (3 | ) |  | 1 |  |  | (2 | ) |  | 2 |  |  | 2 |
Total commercial loans and leases | 109 |  |  | (19 | ) |  | 3 |  |  | (16 | ) |  | 20 |  |  | 113 |
Direct installment | 21 |  |  | (6 | ) |  | 1 |  |  | (5 | ) |  | 5 |  |  | 21 |
Residential mortgages | 16 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | — |  |  | 15 |
Indirect installment | 12 |  |  | (4 | ) |  | 2 |  |  | (2 | ) |  | 4 |  |  | 14 |
Consumer lines of credit | 10 |  |  | (1 | ) |  | — |  |  | (1 | ) |  | 1 |  |  | 10 |
Total consumer loans | 59 |  |  | (12 | ) |  | 3 |  |  | (9 | ) |  | 10 |  |  | 60 |
Total allowance on originated loans and leases | 168 |  |  | (31 | ) |  | 6 |  |  | (25 | ) |  | 30 |  |  | 173 |
Purchased credit-impaired loans | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Other loans acquired in a business combination | 6 |  |  | (5 | ) |  | 2 |  |  | (3 | ) |  | — |  |  | 3 |
Total allowance on loans acquired in a business combination | 7 |  |  | (5 | ) |  | 2 |  |  | (3 | ) |  | — |  |  | 4 |
Total allowance for credit losses | $ | 175 |  |  | $ | (36 | ) |  | $ | 8 |  |  | $ | (28 | ) |  | $ | 30 |  |  | $ | 177 |
Following is a summary of the individual and collective allowance for credit losses and corresponding loan and lease balances by class: TABLE 5.2
| Allowance |  | Loans and Leases Outstanding
(in millions) | Individually Evaluated for Impairment |  | Collectively Evaluated for Impairment |  | Loans and Leases |  | Individually Evaluated for Impairment |  | Collectively Evaluated for Impairment
June 30, 2019 |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 2 |  |  | $ | 59 |  |  | $ | 6,601 |  |  | $ | 14 |  |  | $ | 6,587 |
Commercial and industrial | 1 |  |  | 51 |  |  | 4,708 |  |  | 7 |  |  | 4,701 |
Commercial leases | — |  |  | 9 |  |  | 385 |  |  | — |  |  | 385 |
Other | — |  |  | 1 |  |  | 37 |  |  | — |  |  | 37 |
Total commercial loans and leases | 3 |  |  | 120 |  |  | 11,731 |  |  | 21 |  |  | 11,710 |
Direct installment | — |  |  | 13 |  |  | 1,679 |  |  | — |  |  | 1,679 |
Residential mortgages | — |  |  | 20 |  |  | 2,573 |  |  | — |  |  | 2,573 |
Indirect installment | — |  |  | 18 |  |  | 1,968 |  |  | — |  |  | 1,968 |
Consumer lines of credit | — |  |  | 9 |  |  | 1,099 |  |  | — |  |  | 1,099 |
Total consumer loans | — |  |  | 60 |  |  | 7,319 |  |  | — |  |  | 7,319 |
Total | $ | 3 |  |  | $ | 180 |  |  | $ | 19,050 |  |  | $ | 21 |  |  | $ | 19,029 |
December 31, 2018 |  |  |  |  |  |  |  |  |
Commercial real estate | $ | — |  |  | $ | 55 |  |  | $ | 6,171 |  |  | $ | 7 |  |  | $ | 6,164 |
Commercial and industrial | 4 |  |  | 49 |  |  | 4,140 |  |  | 11 |  |  | 4,129 |
Commercial leases | — |  |  | 9 |  |  | 373 |  |  | — |  |  | 373 |
Other | — |  |  | 2 |  |  | 46 |  |  | — |  |  | 46 |
Total commercial loans and leases | 4 |  |  | 115 |  |  | 10,730 |  |  | 18 |  |  | 10,712 |
Direct installment | — |  |  | 14 |  |  | 1,668 |  |  | — |  |  | 1,668 |
Residential mortgages | — |  |  | 19 |  |  | 2,612 |  |  | — |  |  | 2,612 |
Indirect installment | — |  |  | 15 |  |  | 1,933 |  |  | — |  |  | 1,933 |
Consumer lines of credit | — |  |  | 10 |  |  | 1,119 |  |  | — |  |  | 1,119 |
Total consumer loans | — |  |  | 58 |  |  | 7,332 |  |  | — |  |  | 7,332 |
Total | $ | 4 |  |  | $ | 173 |  |  | $ | 18,062 |  |  | $ | 18 |  |  | $ | 18,044 |
The above table excludes loans acquired in a business combination that were pooled into groups of loans for evaluating impairment.

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
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