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ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2016
Loans and Leases Receivable, Allowance [Abstract]  
Allowance for credit losses
 
Three Months Ended 
 March 31,
In millions of dollars
2016
2015
Allowance for loan losses at beginning of period
$
12,626

$
15,994

Gross credit losses
(2,143
)
(2,458
)
Gross recoveries(1)
419

501

Net credit losses (NCLs)
$
(1,724
)
$
(1,957
)
NCLs
$
1,724

$
1,957

Net reserve builds (releases)
42

(91
)
Net specific reserve builds (releases)
120

(111
)
Total provision for loan losses
$
1,886

$
1,755

Other, net(2)
(76
)
(1,194
)
Allowance for loan losses at end of period
$
12,712

$
14,598

Allowance for credit losses on unfunded lending commitments at beginning of period
$
1,402

$
1,063

Provision (release) for unfunded lending commitments
71

(37
)
Other, net
—

(3
)
Allowance for credit losses on unfunded lending commitments at end of period(3)
$
1,473

$
1,023

Total allowance for loans, leases, and unfunded lending commitments
$
14,185

$
15,621


(1)
Recoveries have been reduced by certain collection costs that are incurred only if collection efforts are successful.
(2)
The first quarter of 2016 includes a reduction of approximately $148 million related to the sale or transfers to held-for-sale (HFS) of various loan portfolios, including a reduction of $29 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter of 2016 includes an increase of approximately $63 million related to FX translation. The first quarter of 2015 includes a reduction of approximately $1.0 billion related to the sale or transfers to HFS of various loan portfolios, including a reduction of $281 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the first quarter of 2015 includes a reduction of approximately $145 million related to FX translation.
(3)
Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
Schedule of allowance for credit losses and investment in loans by portfolio segment
 
Three Months Ended
 
March 31, 2016
March 31, 2015
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,791

$
9,835

$
12,626

$
2,447

$
13,547

$
15,994

Charge-offs
(224
)
(1,919
)
(2,143
)
(26
)
(2,432
)
(2,458
)
Recoveries
13

406

419

33

468

501

Replenishment of net charge-offs
211

1,513

1,724

(7
)
1,964

1,957

Net reserve builds (releases)
4

38

42

112

(203
)
(91
)
Net specific reserve builds (releases)
101

19

120

3

(114
)
(111
)
Other
9

(85
)
(76
)
(16
)
(1,178
)
(1,194
)
Ending balance
$
2,905

$
9,807

$
12,712

$
2,546

$
12,052

$
14,598

 
Three Months Ended
 
March 31, 2016
December 31, 2015
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses
 

 

 

 
 
 
Determined in accordance with ASC 450
$
2,418

$
7,777

$
10,195

$
2,408

$
7,776

$
10,184

Determined in accordance with ASC 310-10-35
483

2,022

2,505

380

2,046

2,426

Determined in accordance with ASC 310-30
4

8

12

3

13

16

Total allowance for loan losses
$
2,905

$
9,807

$
12,712

$
2,791

$
9,835

$
12,626

Loans, net of unearned income
 
 
 
 
 


Loans collectively evaluated for impairment in accordance with ASC 450
$
293,631

$
307,718

$
601,349

$
285,053

$
315,314

$
600,367

Loans individually evaluated for impairment in accordance with ASC 310-10-35
2,527

9,919

12,446

1,803

10,192

11,995

Loans acquired with deteriorated credit quality in accordance with ASC 310-30
6

230

236

5

245

250

Loans held at fair value
4,760

33

4,793

4,971

34

5,005

Total loans, net of unearned income
$
300,924

$
317,900

$
618,824

$
291,832

$
325,785

$
617,617