GUARANTEES AND COMMITMENTS (Tables)

3 Months Ended

Mar. 31, 2015

Pledged Assets, Collateral, Guarantees and Commitments [Abstract]

The following tables present information about Citi’s guarantees at March 31, 2015 and December 31, 2014:



	Maximum potential amount of future payments
In billions of dollars at March 31, 2015 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	$	25.4	$	71.6	$	97.0	$	239
Performance guarantees	7.0		4.4		11.4		25
Derivative instruments considered to be guarantees	11.5		73.1		84.6		2,437
Loans sold with recourse	—		0.2		0.2		15
Securities lending indemnifications⁽¹⁾	147.3		—		147.3		—
Credit card merchant processing⁽¹⁾	78.4		—		78.4		—
Custody indemnifications and other	—		52.2		52.2		55
Total	$	269.6	$	201.5	$	471.1	$	2,771



	Maximum potential amount of future payments
In billions of dollars at December 31, 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	$	25.4	$	73.0	$	98.4	$	242
Performance guarantees	7.1		4.8		11.9		29
Derivative instruments considered to be guarantees	12.5		79.2		91.7		2,806
Loans sold with recourse	—		0.2		0.2		15
Securities lending indemnifications⁽¹⁾	127.5		—		127.5		—
Credit card merchant processing⁽¹⁾	86.0		—		86.0		—
Custody indemnifications and other	—		48.9		48.9		54
Total	$	258.5	$	206.1	$	464.6	$	3,146


(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 March 31, 2015 and December 31, 2014. 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 March 31, 2015	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	72.5	$	13.6	$	10.9	$	97.0
Performance guarantees	6.7		4.0		0.7		11.4
Derivative instruments deemed to be guarantees	—		—		84.6		84.6
Loans sold with recourse	—		—		0.2		0.2
Securities lending indemnifications	—		—		147.3		147.3
Credit card merchant processing	—		—		78.4		78.4
Custody indemnifications and other	52.1		0.1		—		52.2
Total	$	131.3	$	17.7	$	322.1	$	471.1



	Maximum potential amount of future payments
In billions of dollars at December 31, 2014	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	73.0	$	15.9	$	9.5	$	98.4
Performance guarantees	7.3		3.9		0.7		11.9
Derivative instruments deemed to be guarantees	—		—		91.7		91.7
Loans sold with recourse	—		—		0.2		0.2
Securities lending indemnifications	—		—		127.5		127.5
Credit card merchant processing	—		—		86.0		86.0
Custody indemnifications and other	48.8		0.1		—		48.9
Total	$	129.1	$	19.9	$	315.6	$	464.6

Schedule of Credit Commitments

The table below summarizes Citigroup’s credit commitments as of March 31, 2015 and December 31, 2014:



In millions of dollars	U.S.		Outside of U.S.		March 31, 2015		December 31, 2014
Commercial and similar letters of credit	$	1,037	$	4,678	$	5,715	$	6,634
One- to four-family residential mortgages	1,840		2,276		4,116		5,674
Revolving open-end loans secured by one- to four-family residential properties	13,597		2,359		15,956		16,098
Commercial real estate, construction and land development	6,817		1,172		7,989		9,242
Credit card lines	492,021		117,461		609,482		612,049
Commercial and other consumer loan commitments	152,069		84,347		236,416		243,680
Other commitments and contingencies	4,856		4,638		9,494		10,663
Total	$	672,237	$	216,931	$	889,168	$	904,040