GUARANTEES AND COMMITMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Guarantees and Commitments [Abstract]

Schedule of Guarantor Obligations by Expiration Date, Amount Outstanding and Carrying Value

The following tables present information about Citi’s guarantees at September 30, 2014 and December 31, 2013:



	Maximum potential amount of future payments
In billions of dollars at September 30, 2014 except carrying value in millions	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions of dollars)
Financial standby letters of credit	$	24.6	$	73.2	$	97.8	$	257
Performance guarantees	7.2		4.7		11.9		33
Derivative instruments considered to be guarantees	15.4		77.2		92.6		1,404
Loans sold with recourse	—		0.2		0.2		16
Securities lending indemnifications⁽¹⁾	105.7		—		105.7		—
Credit card merchant processing⁽¹⁾	86.5		—		86.5		—
Custody indemnifications and other	—		41.0		41.0		54
Total	$	239.4	$	196.3	$	435.7	$	1,764



	Maximum potential amount of future payments
In billions of dollars at December 31, 2013 except carrying value in millions	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions of dollars)
Financial standby letters of credit	$	28.8	$	71.4	$	100.2	$	429
Performance guarantees	7.6		4.9		12.5		42
Derivative instruments considered to be guarantees	6.0		61.6		67.6		797
Loans sold with recourse	—		0.3		0.3		22
Securities lending indemnifications⁽¹⁾	79.2		—		79.2		—
Credit card merchant processing⁽¹⁾	85.9		—		85.9		—
Custody indemnifications and other	—		36.3		36.3		53
Total	$	207.5	$	174.5	$	382.0	$	1,343


(1)	The carrying values of securities lending indemnifications and credit card merchant processing were not material for either period presented, as the probability of potential liabilities arising from these guarantees is minimal.

Schedule of Guarantor Obligations by Credit Ratings

Presented in the tables below are the maximum potential amounts of future payments that are classified based upon internal and external credit ratings as of September 30, 2014 and December 31, 2013. As previously mentioned, the determination of the maximum potential future payments is based on the notional amount of the guarantees without consideration of possible recoveries under recourse provisions or from collateral held or pledged. As such, Citi believes such amounts bear no relationship to the anticipated losses, if any, on these guarantees.



	Maximum potential amount of future payments
In billions of dollars at September 30, 2014	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	72.4	$	15.4	$	10.0	$	97.8
Performance guarantees	6.9		4.1		0.9		11.9
Derivative instruments deemed to be guarantees	—		—		92.6		92.6
Loans sold with recourse	—		—		0.2		0.2
Securities lending indemnifications	—		—		105.7		105.7
Credit card merchant processing	—		—		86.5		86.5
Custody indemnifications and other	40.8		0.2		—		41.0
Total	$	120.1	$	19.7	$	295.9	$	435.7



	Maximum potential amount of future payments
In billions of dollars at December 31, 2013	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	76.2	$	14.8	$	9.2	$	100.2
Performance guarantees	7.4		3.6		1.5		12.5
Derivative instruments deemed to be guarantees	—		—		67.6		67.6
Loans sold with recourse	—		—		0.3		0.3
Securities lending indemnifications	—		—		79.2		79.2
Credit card merchant processing	—		—		85.9		85.9
Custody indemnifications and other	36.2		0.1		—		36.3
Total	$	119.8	$	18.5	$	243.7	$	382.0

Schedule of Credit Commitments

The table below summarizes Citigroup’s credit commitments as of September 30, 2014 and December 31, 2013:



In millions of dollars	U.S.		Outside of U.S.		September 30, 2014		December 31, 2013
Commercial and similar letters of credit	$	1,537	$	5,587	$	7,124	$	7,341
One- to four-family residential mortgages	2,281		2,601		4,882		4,946
Revolving open-end loans secured by one- to four-family residential properties	13,616		2,999		16,615		16,781
Commercial real estate, construction and land development	7,308		1,132		8,440		8,001
Credit card lines	493,404		124,578		617,982		641,111
Commercial and other consumer loan commitments	161,325		97,426		258,751		225,795
Other commitments and contingencies	1,257		8,045		9,302		7,863
Total	$	680,728	$	242,368	$	923,096	$	911,838