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ALLOWANCE FOR CREDIT LOSSES (Tables)
 6 Months Ended
Jun. 30, 2014
Loans and Leases Receivable, Allowance [Abstract]  
Allowance for credit losses
 
Three Months Ended June 30,
Six Months Ended 
 June 30,
In millions of dollars
2014
2013
2014
2013
Allowance for loan losses at beginning of period
$
18,923

$
23,727

$
19,648

$
25,455

Gross credit losses
(2,812
)
(3,257
)
(5,795
)
(6,701
)
Gross recoveries (1)
623

649

1,167

1,215

Net credit losses (NCLs)
$
(2,189
)
$
(2,608
)
$
(4,628
)
$
(5,486
)
NCLs
$
2,189

$
2,608

$
4,628

$
5,486

Net reserve releases
(521
)
(642
)
(1,081
)
(948
)
Net specific reserve builds (releases)
(89
)
(139
)
(175
)
(497
)
Total provision for credit losses
$
1,579

$
1,827

$
3,372

$
4,041

Other, net (2)
(423
)
(1,366
)
(502
)
(2,430
)
Allowance for loan losses at end of period
$
17,890

$
21,580

$
17,890

$
21,580

Allowance for credit losses on unfunded lending commitments at beginning of period (3)
$
1,202

$
1,132

$
1,229

$
1,119

Provision for unfunded lending commitments
(31
)
(3
)
(58
)
11

Other, net
5

4

5

3

Allowance for credit losses on unfunded lending commitments at end of period (3)
$
1,176

$
1,133

$
1,176

$
1,133

Total allowance for loans, leases, and unfunded lending commitments
$
19,066

$
22,713

$
19,066

$
22,713


(1)
Recoveries have been reduced by certain collection costs that are incurred only if collection efforts are successful.
(2)
The second quarter of 2014 includes a reduction of approximately $480 million related to the sale or transfers to held-for-sale (HFS) of various loan portfolios, including a reduction of approximately $204 million and $177 million related to the transfers to HFS of businesses in Greece and Spain and $29 million related to the sale of the Honduras business, and $66 million related to a transfer of a real estate loan portfolio to HFS. These amounts are partially offset by foreign currency translation on the entire allowance balance. The first quarter of 2014 includes reductions of approximately $79 million related to the sale or transfer to HFS of various loan portfolios. The second quarter of 2013 includes a reduction of approximately $650 million related to the sale or transfer to HFS of various U.S. loan portfolios and a reduction of approximately $360 million related to the transfer of Credicard to discontinued operations held for sale. Additionally, a reduction of approximately $90 million related to a transfer to HFS of a loan portfolio in Greece and a reduction of approximately $220 million related to foreign currency translation. The first quarter of 2013 includes reductions of approximately $855 million related to the sale or transfer to HFS of various U.S. loan portfolios and a reduction of approximately $165 million related to a transfer to HFS of a loan portfolio in Greece.
(3)
Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
Schedule of allowance for credit losses and investment in loans by portfolio segment
Allowance for Credit Losses and Investment in Loans
 
Three Months Ended 
 June 30, 2014
Six Months Ended 
 June 30, 2014
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,472

$
16,451

$
18,923

$
2,584

$
17,064

$
19,648

Charge-offs
(47
)
(2,765
)
(2,812
)
(221
)
(5,574
)
(5,795
)
Recoveries
36

587

623

65

1,102

1,167

Replenishment of net charge-offs
11

2,178

2,189

156

4,472

4,628

Net reserve releases
(26
)
(495
)
(521
)
(127
)
(954
)
(1,081
)
Net specific reserve releases
(75
)
(14
)
(89
)
(85
)
(90
)
(175
)
Other
(1
)
(422
)
(423
)
(2
)
(500
)
(502
)
Ending balance
$
2,370

$
15,520

$
17,890

$
2,370

$
15,520

$
17,890

 
Three Months Ended 
 June 30, 2013
Six Months Ended 
 June 30, 2013
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,779

$
20,948

$
23,727

$
2,776

$
22,679

$
25,455

Charge-offs
(97
)
(3,160
)
(3,257
)
(157
)
(6,544
)
(6,701
)
Recoveries
52

597

649

67

1,148

1,215

Replenishment of net charge-offs
45

2,563

2,608

90

5,396

5,486

Net reserve releases
(98
)
(544
)
(642
)
(129
)
(819
)
(948
)
Net specific reserve builds (releases)
30

(169
)
(139
)
72

(569
)
(497
)
Other
(3
)
(1,363
)
(1,366
)
(11
)
(2,419
)
(2,430
)
Ending balance
$
2,708

$
18,872

$
21,580

$
2,708

$
18,872

$
21,580


 
June 30, 2014
December 31, 2013
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses
 
 
 
 

 

 

Determined in accordance with ASC 450-20
$
2,103

$
11,094

$
13,197

$
2,232

$
12,402

$
14,634

Determined in accordance with ASC 310-10-35
183

4,400

4,583

268

4,633

4,901

Determined in accordance with ASC 310-30
84

26

110

84

29

113

Total allowance for loan losses
$
2,370

$
15,520

$
17,890

$
2,584

$
17,064

$
19,648

Loans, net of unearned income












Loans collectively evaluated for impairment in accordance with ASC 450-20
$
276,784

$
361,598

$
638,382

$
265,230

$
368,449

$
633,679

Loans individually evaluated for impairment in accordance with ASC 310-10-35
1,512

22,231

23,743

2,222

23,793

26,015

Loans acquired with deteriorated credit quality in accordance with ASC 310-30
105

470

575

117

632

749

Loans held at fair value
4,758

46

4,804

4,072

957

5,029

Total loans, net of unearned income
$
283,159

$
384,345

$
667,504

$
271,641

$
393,831

$
665,472