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Allowance for Credit Losses on Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Credit Loss [Abstract]  
Schedule of Activity in the Allowance for Loan and Lease Losses
The following table summarizes activity in the allowance for credit losses for the periods indicated:

For the Years Ended December 31,
20232022
(in millions)MortgageOtherTotalMortgageOtherTotal
Balance, beginning of period$290 $103 $393 $178 $21 $199 
Adjustment for Purchased PCD Loans1313213051
Charge-offs(178)(45)(223)(5)(2)(7)
Recoveries15154711
Provision for (recovery of) credit losses on loans and leases6441507949247139
Balance, end of period$756 $236 $992 $290 $103 $393 
Schedule of Additional Information about Nonaccrual Loans
The following table presents additional information about the Company’s nonaccrual loans at December 31, 2023:
(in millions)Recorded InvestmentRelated AllowanceInterest Income Recognized
Nonaccrual loans with no related allowance:
Multi-family$134 $— $5 
Commercial real estate53—2
One-to-four family first mortgage85——
Acquisition, development, and construction———
Other (includes C&I)22——
Total nonaccrual loans with no related allowance$294 $— $7 
Nonaccrual loans with an allowance recorded:
Multi-family$4 $— $— 
Commercial real estate75173
One-to-four family first mortgage112—
Acquisition, development, and construction———
Other (includes C&I)4428—
Total nonaccrual loans with an allowance recorded$134 $47 $3 
Total nonaccrual loans:
Multi-family$138 $— $5 
Commercial real estate128175
One-to-four family first mortgage962—
Acquisition, development, and construction———
Other (includes C&I)6628—
Total nonaccrual loans$428 $47 $10 

The following table presents additional information about the Company’s nonaccrual loans at December 31, 2022:

(in millions)Recorded InvestmentRelated AllowanceInterest Income Recognized
Nonaccrual loans with no related allowance:
Multi-family$13 $— $— 
Commercial real estate19—1
One-to-four family first mortgage90——
Other (includes C&I)3——
Total nonaccrual loans with no related allowance$125 $— $1 
Nonaccrual loans with an allowance recorded:
Commercial real estate$1 $— $— 
One-to-four family first mortgage2——
Other (includes C&I)1314—
Total nonaccrual loans with an allowance recorded$16 $14 $— 
Total nonaccrual loans:
Multi-family$13 $— $— 
Commercial real estate20—1
One-to-four family first mortgage92——
Other (includes C&I)1614—
Total nonaccrual loans$141 $14 $1