XML 34 R55.htm IDEA: XBRL DOCUMENT v2.4.1.9
FAIR VALUE ELECTIONS (Tables)
 3 Months Ended
Mar. 31, 2015
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 months ended March 31, 2015 and 2014 associated with those items for which the fair value option was elected:
 
Changes in fair value gains (losses) for the
 
Three Months Ended March 31,
In millions of dollars
2015
2014
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
$
(4
)
$
122

Trading account assets
91

190

Investments
45

29

Loans
 
 
Certain corporate loans(1)
(49
)
14

Certain consumer loans(1)
2

(24
)
Total loans
$
(47
)
$
(10
)
Other assets
 
 
MSRs
(71
)
(84
)
Certain mortgage loans held for sale(2)
102

120

Total other assets
$
31

$
36

Total assets
$
116

$
367

Liabilities
 
 
Interest-bearing deposits
$
10

$
(24
)
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

(6
)
Trading account liabilities
29

3

Short-term borrowings
(1
)
19

Long-term debt
(45
)
(272
)
Total liabilities
$
(5
)
$
(280
)
(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 March 31, 2015 and December 31, 2014:
 
March 31, 2015
December 31, 2014
In millions of dollars
Trading assets
Loans
Trading assets
Loans
Carrying amount reported on the Consolidated Balance Sheet
$
10,445

$
6,575

$
10,290

$
5,901

Aggregate unpaid principal balance in excess of (less than) fair value
419

13

234

125

Balance of non-accrual loans or loans more than 90 days past due
6

2

13

3

Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due
12

2

28

1
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 March 31, 2015 and December 31, 2014:
In millions of dollars
March 31,
2015
December 31, 2014
Carrying amount reported on the Consolidated Balance Sheet
$
1,226

$
1,447

Aggregate fair value in excess of unpaid principal balance
52

67

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
—

—
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 March 31, 2015 and December 31, 2014:
In billions of dollars
March 31, 2015
December 31, 2014
Interest rate linked
$
10.1

$
10.9

Foreign exchange linked
0.3

0.3

Equity linked
8.4

8.0

Commodity linked
1.6

1.4

Credit linked
2.2

2.5

Total
$
22.6

$
23.1
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 March 31, 2015 and December 31, 2014:
In millions of dollars
March 31, 2015
December 31, 2014
Carrying amount reported on the Consolidated Balance Sheet
$
25,409

$
26,180

Aggregate unpaid principal balance in excess of (less than) fair value
(268
)
(151
)
Schedule of short-term borrowings carried at fair value
The following table provides information about short-term borrowings carried at fair value at March 31, 2015 and December 31, 2014:
In millions of dollars
March 31, 2015
December 31, 2014
Carrying amount reported on the Consolidated Balance Sheet
$
926

$
1,496

Aggregate unpaid principal balance in excess of (less than) fair value
(10
)
31