Changes in the allowance for credit losses by segment were as follows:
| 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||||||
| (In Millions) | COMMERCIAL | PERSONAL | TOTAL | COMMERCIAL | PERSONAL | TOTAL | COMMERCIAL | PERSONAL | TOTAL | |||||||||||||||||||||||||||
|
Balance at Beginning of Year |
$ | 194.2 | $ | 133.4 | $ | 327.6 | $ | 211.0 | $ | 117.9 | $ | 328.9 | $ | 256.7 | $ | 100.6 | $ | 357.3 | ||||||||||||||||||
|
Charge-Offs |
(16.7 | ) | (42.6 | ) | (59.3 | ) | (19.9 | ) | (43.1 | ) | (63.0 | ) | (56.3 | ) | (60.0 | ) | (116.3 | ) | ||||||||||||||||||
|
Recoveries |
8.6 | 11.0 | 19.6 | 20.3 | 16.4 | 36.7 | 21.5 | 11.4 | 32.9 | |||||||||||||||||||||||||||
|
Net (Charge-Offs) Recoveries |
(8.1 | ) | (31.6 | ) | (39.7 | ) | 0.4 | (26.7 | ) | (26.3 | ) | (34.8 | ) | (48.6 | ) | (83.4 | ) | |||||||||||||||||||
|
Provision for Credit Losses |
(18.1 | ) | 38.1 | 20.0 | (17.2 | ) | 42.2 | 25.0 | (10.9 | ) | 65.9 | 55.0 | ||||||||||||||||||||||||
|
Effect of Foreign Exchange Rates |
– | – | – | – | – | – | – | – | – | |||||||||||||||||||||||||||
|
Balance at End of Year |
$ | 168.0 | $ | 139.9 | $ | 307.9 | $ | 194.2 | $ | 133.4 | $ | 327.6 | $ | 211.0 | $ | 117.9 | $ | 328.9 | ||||||||||||||||||
|
Allowance for Credit Losses Assigned to: |
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|
Loans and Leases |
$ | 140.9 | $ | 137.2 | $ | 278.1 | $ | 166.1 | $ | 131.8 | $ | 297.9 | $ | 178.6 | $ | 116.2 | $ | 294.8 | ||||||||||||||||||
|
Undrawn Commitments and Standby Letters of Credit |
27.1 | 2.7 | 29.8 | 28.1 | 1.6 | 29.7 | 32.4 | 1.7 | 34.1 | |||||||||||||||||||||||||||
|
Total Allowance for Credit Losses |
$ | 168.0 | $ | 139.9 | $ | 307.9 | $ | 194.2 | $ | 133.4 | $ | 327.6 | $ | 211.0 | $ | 117.9 | $ | 328.9 | ||||||||||||||||||