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FAIR VALUE ELECTIONS (Tables)
 9 Months Ended
Sep. 30, 2014
Fair Value, Option, Aggregate Differences [Abstract]  
Schedule of financial instruments selected for changes in fair value gains and losses
The following table presents the changes in fair value gains and losses for the three and nine months ended September 30, 2014 and 2013 associated with those items for which the fair value option was elected:
 
Changes in fair value gains (losses) for the
 
Three Months Ended September 30,
Nine Months Ended September 30,
In millions of dollars
2014
2013
2014
2013
Assets
 
 
 
 
Federal funds sold and securities borrowed or purchased under agreements to resell
     Selected portfolios of securities purchased under agreements to resell and securities borrowed
$
(137
)
$
(37
)
$
836

$
(505
)
Trading account assets
3

(102
)
(235
)
(272
)
Investments
(15
)
24

37

(33
)
Loans
 
 
 
 
Certain corporate loans(1)
(39
)
37

(26
)
324

Certain consumer loans(1)
2

(47
)
(44
)
(114
)
Total loans
$
(37
)
$
(10
)
(70
)
210

Other assets
 
 


MSRs
$
(11
)
$
(6
)
$
(186
)
$
410

Certain mortgage loans held for sale(2)
96

98

354

612

Certain equity method investments
(6
)
(4
)
(8
)
(5
)
Total other assets
$
79

$
88

$
160

$
1,017

Total assets
$
(107
)
$
(37
)
$
728

$
417

Liabilities
 
 
 
 
Interest-bearing deposits
$
27

$
9

$
10

$
128

Federal funds purchased and securities loaned or sold under agreements to repurchase
     Selected portfolios of securities sold under agreements to repurchase and securities loaned
2

12

(4
)
85

Trading account liabilities
(3
)
(24
)
1

14

Short-term borrowings
(44
)
(34
)
(54
)
54

Long-term debt
794

(718
)
66

(324
)
Total liabilities
$
776

$
(755
)
$
19

$
(43
)
(1)
Includes mortgage loans held by mortgage loan securitization VIEs consolidated upon the adoption of ASC 810 Consolidation (SFAS 167) on January 1, 2010.
(2)
Includes gains (losses) associated with interest rate lock-commitments for those loans that have been originated and elected under the fair value option.
Schedule of fair value of loans and other disclosures for certain credit related products
The following table provides information about certain credit products carried at fair value at September 30, 2014 and December 31, 2013:
 
September 30, 2014
December 31, 2013
In millions of dollars
Trading assets
Loans
Trading assets
Loans
Carrying amount reported on the Consolidated Balance Sheet
$
11,071

$
4,409

$
9,262

$
4,105

Aggregate unpaid principal balance in excess of (less than) fair value
113

12

4

(79
)
Balance of non-accrual loans or loans more than 90 days past due
8

4

97

5

Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due
(2
)
3

41

5
Schedule of fair value of loans and other disclosures for certain mortgage loans
The following table provides information about certain mortgage loans HFS carried at fair value at September 30, 2014 and December 31, 2013:
In millions of dollars
September 30,
2014
December 31, 2013
Carrying amount reported on the Consolidated Balance Sheet
$
1,640

$
2,089

Aggregate fair value in excess of unpaid principal balance
62

48

Balance of non-accrual loans or loans more than 90 days past due
—

—

Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due
—

—
Corporate and consumer loans of consolidated VIEs carried at fair value
The following table provides information about corporate and consumer loans of consolidated VIEs carried at fair value at September 30, 2014 and December 31, 2013:
 
September 30, 2014
December 31, 2013
In millions of dollars
Corporate loans
Consumer loans
Corporate loans
Consumer loans
Carrying amount reported on the Consolidated Balance Sheet
$
2

$
—

$
14

$
910

Aggregate unpaid principal balance in excess of fair value
10

—

7

212

Balance of non-accrual loans or loans more than 90 days past due
—

—

—

81

Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due
—

—

—

106
Schedule of carrying value of structured notes, disaggregated by type of embedded derivative instrument
The following table provides information about the carrying value of structured notes, disaggregated by type of embedded derivative instrument at September 30, 2014 and December 31, 2013:
In billions of dollars
September 30, 2014
December 31, 2013
Interest rate linked
$
10.7

$
9.8

Foreign exchange linked
0.3

0.5

Equity linked
7.4

7.0

Commodity linked
2.0

1.8

Credit linked
2.7

3.5

Total
$
23.1

$
22.6
Schedule of long-term debt carried at fair value, excluding debt issued by consolidated VIEs
The following table provides information about long-term debt carried at fair value, excluding debt issued by consolidated VIEs, at September 30, 2014 and December 31, 2013:
In millions of dollars
September 30, 2014
December 31, 2013
Carrying amount reported on the Consolidated Balance Sheet
$
26,453

$
25,968

Aggregate unpaid principal balance in excess of (less than) fair value
(357
)
(866
)
Schedule of short-term borrowings carried at fair value
The following table provides information about short-term borrowings carried at fair value at September 30, 2014 and December 31, 2013:
In millions of dollars
September 30, 2014
December 31, 2013
Carrying amount reported on the Consolidated Balance Sheet
$
1,454

$
3,692

Aggregate unpaid principal balance in excess of (less than) fair value
32

(38
)