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Allowance for Credit Losses on Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2024
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 Three Months Ended March 31,
20242023
(in millions)MortgageOtherTotalMortgageOtherTotal
Balance, beginning of period$756 $236 $992 $290 $103 $393 
Adjustment for Purchased PCD Loans——1313
Charge-offs(75)(16)(91)(2)(3)(5)
Recoveries1910—55
Provision for (recovery of) credit losses on loans and leases311(7)304(5)149144
Balance, end of period$993 $222 $1,215 $283 $267 $550 
Schedule of Additional Information about Nonaccrual Loans
The following table presents additional information about the Company’s nonaccrual loans at March 31, 2024:
(in millions)Recorded InvestmentRelated AllowanceInterest Income Recognized
Nonaccrual loans with no related allowance:
Multi-family$334 $— $— 
Commercial real estate188—3
One-to-four family first mortgage89——
Acquisition, development, and construction———
Other (includes C&I)45——
Total nonaccrual loans with no related allowance$656 $— $3 
Nonaccrual loans with an allowance recorded:
Multi-family$5 $1 $— 
Commercial real estate7617—
One-to-four family first mortgage9——
Acquisition, development, and construction32—
Other (includes C&I)4928—
Total nonaccrual loans with an allowance recorded$142 $48 $— 
Total nonaccrual loans:
Multi-family$339 $1 $— 
Commercial real estate264173
One-to-four family first mortgage98——
Acquisition, development, and construction32—
Other (includes C&I)9428—
Total nonaccrual loans$798 $48 $3 

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——
Other (includes C&I)22——
Total nonaccrual loans with no related allowance$294 $— $7 
Nonaccrual loans with an allowance recorded:
Multi-family4——
Commercial real estate$75 $17 $3 
One-to-four family first mortgage112—
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—
Other (includes C&I)6628—
Total nonaccrual loans$428 $47 $10