GUARANTEES AND COMMITMENTS (Tables)

6 Months Ended

Jun. 30, 2015

Pledged Assets, Collateral, Guarantees and Commitments [Abstract]

The following tables present information about Citi’s guarantees at June 30, 2015 and December 31, 2014:



	Maximum potential amount of future payments
In billions of dollars at June 30, 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	$	25.5	$	69.9	$	95.4	$	219
Performance guarantees	7.3		4.0		11.3		25
Derivative instruments considered to be guarantees	9.0		77.0		86.0		1,598
Loans sold with recourse	—		0.2		0.2		17
Securities lending indemnifications⁽¹⁾	126.5		—		126.5		—
Credit card merchant processing⁽¹⁾	83.8		—		83.8		—
Custody indemnifications and other	—		52.7		52.7		55
Total	$	252.1	$	203.8	$	455.9	$	1,914



	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 June 30, 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 June 30, 2015	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	70.5	$	14.4	$	10.5	$	95.4
Performance guarantees	6.8		3.8		0.7		11.3
Derivative instruments deemed to be guarantees	—		—		86.0		86.0
Loans sold with recourse	—		—		0.2		0.2
Securities lending indemnifications	—		—		126.5		126.5
Credit card merchant processing	—		—		83.8		83.8
Custody indemnifications and other	52.6		0.1		—		52.7
Total	$	129.9	$	18.3	$	307.7	$	455.9



	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 June 30, 2015 and December 31, 2014:



In millions of dollars	U.S.		Outside of U.S.		June 30, 2015		December 31, 2014
Commercial and similar letters of credit	$	1,358	$	5,001	$	6,359	$	6,634
One- to four-family residential mortgages	1,669		2,199		3,868		5,674
Revolving open-end loans secured by one- to four-family residential properties	13,303		2,361		15,664		16,098
Commercial real estate, construction and land development	6,938		1,477		8,415		9,242
Credit card lines	486,115		117,191		603,306		612,049
Commercial and other consumer loan commitments	163,579		85,954		249,533		243,680
Other commitments and contingencies	4,630		6,380		11,010		10,663
Total	$	677,592	$	220,563	$	898,155	$	904,040