Access Comerica’s 2005 annual report (10-K) on the SEC Web site (www.sec.gov).
Required:
1. Examine Note 4—Allowance for Loan Losses.

a. How does the dollar amount of Loans charged-offi n 2005 compare with that in 2004?

b. How much was added to the Provision for loan losses in 2005?

c. What is the trend in the ratio of Provision for loan losses to Total loans over the 2003-2005 period?
2. Asa consequence of your findings in requirement (1), how (if at all) does this new information affect your expectation regarding the future performance of Comerica’s existing loans? To answer this question, it will be helpful to read the portion of Management's Discussion and Analysis entitled “Provision and Allowance for Credit Losses” (pp. 28-30).