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ALLOWANCE FOR CREDIT LOSSES
 3 Months Ended
Mar. 31, 2015
Loans and Leases Receivable, Allowance [Abstract]  
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES
 
 
Three Months Ended March 31,
In millions of dollars
2015
2014
Allowance for loan losses at beginning of period
$
15,994

$
19,648

Gross credit losses
(2,458
)
(2,983
)
Gross recoveries (1)
501

544

Net credit losses (NCLs)
$
(1,957
)
$
(2,439
)
NCLs
$
1,957

$
2,439

Net reserve releases
(91
)
(560
)
Net specific reserve releases
(111
)
(86
)
Total provision for credit losses
$
1,755

$
1,793

Other, net (2)
(1,194
)
(79
)
Allowance for loan losses at end of period
$
14,598

$
18,923

Allowance for credit losses on unfunded lending commitments at beginning of period
$
1,063

$
1,229

Provision (release) for unfunded lending commitments
(37
)
(27
)
Other, net
(3
)
—

Allowance for credit losses on unfunded lending commitments at end of period (3)
$
1,023

$
1,202

Total allowance for loans, leases, and unfunded lending commitments
$
15,621

$
20,125


(1)
Recoveries have been reduced by certain collection costs that are incurred only if collection efforts are successful.
(2)
The first quarter of 2015 includes a reduction of approximately $1.0 billion related to the sale or transfers to HFS of various loan portfolios, including a reduction of $281 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the first quarter of 2015 includes a reduction of approximately $145 million related to FX translation. The first quarter of 2014 includes a reduction of approximately $79 million related to the sale or transfers to HFS of various loan portfolios.
(3)
Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
Allowance for Credit Losses and Investment in Loans
 
Three Months Ended
 
March 31, 2015
March 31, 2014
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,389

$
13,605

$
15,994

$
2,584

$
17,064

$
19,648

Charge-offs
(23
)
(2,435
)
(2,458
)
(174
)
(2,809
)
(2,983
)
Recoveries
32

469

501

29

515

544

Replenishment of net charge-offs
(9
)
1,966

1,957

145

2,294

2,439

Net reserve build (releases)
100

(191
)
(91
)
(101
)
(459
)
(560
)
Net specific reserve build (releases)
3

(114
)
(111
)
(10
)
(76
)
(86
)
Other
(16
)
(1,178
)
(1,194
)
(1
)
(78
)
(79
)
Ending balance
$
2,476

$
12,122

$
14,598

$
2,472

$
16,451

$
18,923

 
March 31, 2015
December 31, 2014
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses
 

 

 

 
 
 
Determined in accordance with ASC 450
$
2,201

$
8,793

$
10,994

$
2,110

$
9,673

$
11,783

Determined in accordance with ASC 310-10-35
236

3,314

3,550

235

3,917

4,152

Determined in accordance with ASC 310-30
39

15

54

44

15

59

Total allowance for loan losses
$
2,476

$
12,122

$
14,598

$
2,389

$
13,605

$
15,994

Loans, net of unearned income
 
 
 
 
 


Loans collectively evaluated for impairment in accordance with ASC 450
$
271,335

$
325,641

$
596,976

$
267,271

$
350,199

$
617,470

Loans individually evaluated for impairment in accordance with ASC 310-10-35
1,431

15,674

17,105

1,485

19,358

20,843

Loans acquired with deteriorated credit quality in accordance with ASC 310-30
45

353

398

51

370

421

Loans held at fair value
6,537

38

6,575

5,858

43

5,901

Total loans, net of unearned income
$
279,348

$
341,706

$
621,054

$
274,665

$
369,970

$
644,635