GUARANTEES AND COMMITMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Pledged Assets, Collateral, Guarantees and Commitments [Abstract]

The following tables present information about Citi’s guarantees at March 31, 2016 and December 31, 2015:



	Maximum potential amount of future payments
In billions of dollars at March 31, 2016 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	$	27.6	$	66.3	$	93.9	$	167
Performance guarantees	7.7		3.9		11.6		23
Derivative instruments considered to be guarantees	3.9		74.8		78.7		1,594
Loans sold with recourse	—		0.2		0.2		15
Securities lending indemnifications⁽¹⁾	88.0		—		88.0		—
Credit card merchant processing⁽¹⁾	76.7		—		76.7		—
Custody indemnifications and other	—		48.2		48.2		56
Total	$	203.9	$	193.4	$	397.3	$	1,855



	Maximum potential amount of future payments
In billions of dollars at December 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	$	23.8	$	73.0	$	96.8	$	153
Performance guarantees	7.4		4.1		11.5		24
Derivative instruments considered to be guarantees	3.6		74.9		78.5		1,779
Loans sold with recourse	—		0.2		0.2		17
Securities lending indemnifications⁽¹⁾	79.0		—		79.0		—
Credit card merchant processing⁽¹⁾	84.2		—		84.2		—
Custody indemnifications and other	—		51.7		51.7		56
Total	$	198.0	$	203.9	$	401.9	$	2,029


(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, 2016 and December 31, 2015. 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, 2016	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	68.7	$	15.1	$	10.1	$	93.9
Performance guarantees	6.5		4.3		0.8		11.6
Derivative instruments deemed to be guarantees	—		—		78.7		78.7
Loans sold with recourse	—		—		0.2		0.2
Securities lending indemnifications	—		—		88.0		88.0
Credit card merchant processing	—		—		76.7		76.7
Custody indemnifications and other	48.1		0.1		—		48.2
Total	$	123.3	$	19.5	$	254.5	$	397.3



	Maximum potential amount of future payments
In billions of dollars at December 31, 2015	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	69.2	$	15.4	$	12.2	$	96.8
Performance guarantees	6.6		4.1		0.8		11.5
Derivative instruments deemed to be guarantees	—		—		78.5		78.5
Loans sold with recourse	—		—		0.2		0.2
Securities lending indemnifications	—		—		79.0		79.0
Credit card merchant processing	—		—		84.2		84.2
Custody indemnifications and other	51.6		0.1		—		51.7
Total	$	127.4	$	19.6	$	254.9	$	401.9

Schedule of credit commitments

The table below summarizes Citigroup’s credit commitments as of March 31, 2016 and December 31, 2015:



In millions of dollars	U.S.		Outside of U.S.		March 31, 2016		December 31, 2015
Commercial and similar letters of credit	$	1,114	$	3,833	$	4,947	$	6,102
One- to four-family residential mortgages	1,790		1,842		3,632		3,196
Revolving open-end loans secured by one- to four-family residential properties	12,600		2,152		14,752		14,726
Commercial real estate, construction and land development	7,813		1,253		9,066		10,522
Credit card lines	482,008		93,413		575,421		573,057
Commercial and other consumer loan commitments	178,710		89,547		268,257		271,076
Other commitments and contingencies	4,901		4,358		9,259		9,982
Total	$	688,936	$	196,398	$	885,334	$	888,661