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FAIR VALUE ELECTIONS (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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 June 30,
Six Months Ended June 30,
In millions of dollars
2015
2014
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
$
(116
)
$
(53
)
$
(120
)
$
69

Trading account assets
136

(428
)
227

(238
)
Investments
4

21

49

50

Loans
 
 


Certain corporate loans(1)
40

(1
)
(9
)
13

Certain consumer loans(1)
—

(22
)
2

(46
)
Total loans
$
40

$
(23
)
$
(7
)
$
(33
)
Other assets
 
 


MSRs
262

(91
)
$
191

$
(175
)
Certain mortgage loans held for sale(2)
70

138

172

258

Total other assets
$
332

$
47

$
363

$
83

Total assets
$
396

$
(436
)
$
512

$
(69
)
Liabilities
 
 
 
 
Interest-bearing deposits
$
23

$
(32
)
$
33

$
(56
)
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
(44
)
(16
)
(15
)
(13
)
Short-term borrowings
(67
)
(93
)
(68
)
(74
)
Long-term debt
500

(717
)
455

(989
)
Total liabilities
$
412

$
(858
)
$
407

$
(1,138
)
(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 June 30, 2015 and December 31, 2014:
 
June 30, 2015
December 31, 2014
In millions of dollars
Trading assets
Loans
Trading assets
Loans
Carrying amount reported on the Consolidated Balance Sheet
$
10,793

$
6,538

$
10,290

$
5,901

Aggregate unpaid principal balance in excess of (less than) fair value
224

50

234

125

Balance of non-accrual loans or loans more than 90 days past due
7

2

13

3

Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due
11

1

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 June 30, 2015 and December 31, 2014:
In millions of dollars
June 30,
2015
December 31, 2014
Carrying amount reported on the Consolidated Balance Sheet
$
1,273

$
1,447

Aggregate fair value in excess of unpaid principal balance
32

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 June 30, 2015 and December 31, 2014:
In billions of dollars
June 30, 2015
December 31, 2014
Interest rate linked
$
10.3

$
10.9

Foreign exchange linked
0.4

0.3

Equity linked
10.1

8.0

Commodity linked
1.5

1.4

Credit linked
2.2

2.5

Total
$
24.5

$
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 at June 30, 2015 and December 31, 2014:
In millions of dollars
June 30, 2015
December 31, 2014
Carrying amount reported on the Consolidated Balance Sheet
$
27,214

$
26,180

Aggregate unpaid principal balance in excess of (less than) fair value
582

(151
)
Schedule of short-term borrowings carried at fair value
The following table provides information about short-term borrowings carried at fair value at June 30, 2015 and December 31, 2014:
In millions of dollars
June 30, 2015
December 31, 2014
Carrying amount reported on the Consolidated Balance Sheet
$
870

$
1,496

Aggregate unpaid principal balance in excess of (less than) fair value
14

31