GUARANTEES AND COMMITMENTS (Tables)

9 Months Ended

Sep. 30, 2015

Pledged Assets, Collateral, Guarantees and Commitments [Abstract]

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



	Maximum potential amount of future payments
In billions of dollars at September 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	$	25.8	$	70.8	$	96.6	$	192
Performance guarantees	6.9		4.0		10.9		20
Derivative instruments considered to be guarantees	11.2		76.4		87.6		2,012
Loans sold with recourse	—		0.2		0.2		14
Securities lending indemnifications⁽¹⁾	83.4		—		83.4		—
Credit card merchant processing⁽¹⁾	85.8		—		85.8		—
Custody indemnifications and other	—		49.5		49.5		55
Total	$	213.1	$	200.9	$	414.0	$	2,293



	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⁾	115.9		—		115.9		—
Credit card merchant processing⁽¹⁾	86.0		—		86.0		—
Custody indemnifications and other	—		48.9		48.9		54
Total	$	246.9	$	206.1	$	453.0	$	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 September 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 September 30, 2015	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	70.1	$	14.8	$	11.7	$	96.6
Performance guarantees	6.6		3.5		0.8		10.9
Derivative instruments deemed to be guarantees	—		—		87.6		87.6
Loans sold with recourse	—		—		0.2		0.2
Securities lending indemnifications	—		—		83.4		83.4
Credit card merchant processing	—		—		85.8		85.8
Custody indemnifications and other	49.4		0.1		—		49.5
Total	$	126.1	$	18.4	$	269.5	$	414.0



	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	—		—		115.9		115.9
Credit card merchant processing	—		—		86.0		86.0
Custody indemnifications and other	48.8		0.1		—		48.9
Total	$	129.1	$	19.9	$	304.0	$	453.0

Schedule of Credit Commitments

The table below summarizes Citigroup’s credit commitments as of September 30, 2015 and December 31, 2014:



In millions of dollars	U.S.		Outside of U.S.		September 30, 2015		December 31, 2014
Commercial and similar letters of credit	$	1,207	$	4,104	$	5,311	$	6,634
One- to four-family residential mortgages	1,375		2,014		3,389		5,674
Revolving open-end loans secured by one- to four-family residential properties	12,952		2,085		15,037		16,098
Commercial real estate, construction and land development	8,456		1,729		10,185		9,242
Credit card lines	479,415		109,949		589,364		612,049
Commercial and other consumer loan commitments	173,439		89,293		262,732		243,680
Other commitments and contingencies	4,661		5,504		10,165		10,663
Total	$	681,505	$	214,678	$	896,183	$	904,040