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ALLOWANCE FOR CREDIT LOSSES (Details 3) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Allowance for credit losses          
Allowance for loan losses at beginning of period $ 18,923 $ 23,727 $ 19,648 $ 25,455  
Charge-offs (2,812) (3,257) (5,795) (6,701)  
Recoveries 623 649 1,167 1,215  
Replenishment of net charge-offs 2,189 2,608 4,628 5,486  
Net reserve builds (releases) (521) (642) (1,081) (948)  
Net specific reserve builds (releases) (89) (139) (175) (497)  
Other (423) [1] (1,366) [1] (502) [1] (2,430) [1]  
Allowance for loan losses at the end of year 17,890 21,580 17,890 21,580  
Allowance for loan losses:          
Determined in accordance with ASC 450-20 13,197   13,197   14,634
Determined in accordance with ASC 310-10-35 4,583   4,583   4,901
Determined in accordance with ASC 310-30 110   110   113
Total allowance for loan losses 17,890 21,580 17,890 21,580  
Loans, net of unearned income:          
Loans collectively evaluated for impairment in accordance with ASC 450-20 638,382   638,382   633,679
Loans individually evaluated for impairment in accordance with ASC 310-10-35 23,743   23,743   26,015
Loans acquired with deteriorated credit quality in accordance with ASC 310-30 575   575   749
Loans held at fair value 4,804   4,804   5,029
Loans, net of unearned income 667,504   667,504   665,472
Corporate
         
Allowance for credit losses          
Allowance for loan losses at beginning of period 2,472 2,779 2,584 2,776  
Charge-offs (47) (97) (221) (157)  
Recoveries 36 52 65 67  
Replenishment of net charge-offs 11 45 156 90  
Net reserve builds (releases) (26) (98) (127) (129)  
Net specific reserve builds (releases) (75) 30 (85) 72  
Other (1) (3) (2) (11)  
Allowance for loan losses at the end of year 2,370 2,708 2,370 2,708  
Allowance for loan losses:          
Determined in accordance with ASC 450-20 2,103   2,103   2,232
Determined in accordance with ASC 310-10-35 183   183   268
Determined in accordance with ASC 310-30 84   84   84
Total allowance for loan losses 2,370 2,708 2,370 2,708  
Loans, net of unearned income:          
Loans collectively evaluated for impairment in accordance with ASC 450-20 276,784   276,784   265,230
Loans individually evaluated for impairment in accordance with ASC 310-10-35 1,512   1,512   2,222
Loans acquired with deteriorated credit quality in accordance with ASC 310-30 105   105   117
Loans held at fair value 4,758   4,758   4,072
Loans, net of unearned income 283,159   283,159   271,641
Consumer
         
Allowance for credit losses          
Allowance for loan losses at beginning of period 16,451 20,948 17,064 22,679  
Charge-offs (2,765) (3,160) (5,574) (6,544)  
Recoveries 587 597 1,102 1,148  
Replenishment of net charge-offs 2,178 2,563 4,472 5,396  
Net reserve builds (releases) (495) (544) (954) (819)  
Net specific reserve builds (releases) (14) (169) (90) (569)  
Other (422) (1,363) (500) (2,419)  
Allowance for loan losses at the end of year 15,520 18,872 15,520 18,872  
Allowance for loan losses:          
Determined in accordance with ASC 450-20 11,094   11,094   12,402
Determined in accordance with ASC 310-10-35 4,400   4,400   4,633
Determined in accordance with ASC 310-30 26   26   29
Total allowance for loan losses 15,520 18,872 15,520 18,872  
Loans, net of unearned income:          
Loans collectively evaluated for impairment in accordance with ASC 450-20 361,598   361,598   368,449
Loans individually evaluated for impairment in accordance with ASC 310-10-35 22,231 [2],[3],[4]   22,231 [2],[3],[4]   23,793
Loans acquired with deteriorated credit quality in accordance with ASC 310-30 470   470   632
Loans held at fair value 46   46   957
Loans, net of unearned income $ 384,345   $ 384,345   $ 393,831
[1] 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.
[2] $2,106 million of residential first mortgages, $564 million of home equity loans and $86 million of commercial market loans do not have a specific allowance.
[3] Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or discount and direct write-downs and includes accrued interest only on credit card loans.
[4] Prior to 2008, the Company’s financial accounting systems did not separately track impaired smaller-balance, homogeneous consumer loans whose terms were modified due to the borrowers’ financial difficulties and where it was determined that a concession was granted to the borrower. Smaller-balance consumer loans modified since January 1, 2008 amounted to $21.9 billion at June 30, 2014. However, information derived from Citi’s risk management systems indicates that the amounts of outstanding modified loans, including those modified prior to 2008, approximated $22.5 billion at June 30, 2014.