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ALLOWANCE FOR CREDIT LOSSES
 12 Months Ended
Dec. 31, 2015
Loans and Leases Receivable, Allowance [Abstract]  
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES
 
In millions of dollars
2015
2014
2013
Allowance for loan losses at beginning of period
$
15,994

$
19,648

$
25,455

Gross credit losses
(9,041
)
(11,108
)
(12,769
)
Gross recoveries(1)
1,739

2,135

2,306

Net credit losses (NCLs)
$
(7,302
)
$
(8,973
)
$
(10,463
)
NCLs
$
7,302

$
8,973

$
10,463

Net reserve builds (releases)
139

(1,879
)
(1,961
)
Net specific reserve releases
(333
)
(266
)
(898
)
Total provision for loan losses
$
7,108

$
6,828

$
7,604

Other, net(2)(3)
(3,174
)
(1,509
)
(2,948
)
Allowance for loan losses at end of period
$
12,626

$
15,994

$
19,648

Allowance for credit losses on unfunded lending commitments at beginning of period
$
1,063

$
1,229

$
1,119

Provision (release) for unfunded lending commitments
74

(162
)
80

Other, net(3)
265

(4
)
30

Allowance for credit losses on unfunded lending commitments at end of period(4)
$
1,402

$
1,063

$
1,229

Total allowance for loans, leases, and unfunded lending commitments
$
14,028

$
17,057

$
20,877


(1)
Recoveries have been reduced by certain collection costs that are incurred only if collection efforts are successful.
(2)
2015 includes reductions of approximately $2.4 billion related to the sale or transfer to held-for-sale (HFS) of various loan portfolios, including approximately $1.5 billion related to the transfer of various real estate loan portfolios to HFS. Additionally, 2015 includes a reduction of approximately $474 million related to FX translation. 2014 includes reductions of approximately $1.1 billion related to the sale or transfer to HFS of various loan portfolios, including approximately $411 million related to the transfer of various real estate loan portfolios to HFS, approximately $204 million related to the transfer to HFS of a business in Greece, approximately $177 million related to the transfer to HFS of a business in Spain, approximately $29 million related to the transfer to HFS of a business in Honduras, and approximately $108 million related to the transfer to HFS of various EMEA loan portfolios. Additionally, 2014 includes a reduction of approximately $463 million related to FX translation. 2013 includes reductions of approximately $2.4 billion related to the sale or transfer to HFS of various loan portfolios, including approximately $360 million related to the sale of Credicard and approximately $255 million related to a transfer to HFS of a loan portfolio in Greece, approximately $230 million related to a non-provision transfer of reserves associated with deferred interest to other assets which includes deferred interest and approximately $220 million related to FX translation.
(3)
2015 includes a reclassification of $271 million of Allowance for Loan Losses to Allowance for Unfunded Lending Commitments, included in Other, net. This reclassification reflects the re-attribution of $271 million in Allowances for Credit Losses between the funded and unfunded portions of the corporate credit portfolios and does not reflect a change in the underlying credit performance of these portfolios.
(4)
Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
Allowance for Credit Losses and Investment in Loans at December 31, 2015
In millions of dollars
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,447

$
13,547

$
15,994

Charge-offs
(349
)
(8,692
)
(9,041
)
Recoveries
105

1,634

1,739

Replenishment of net charge-offs
244

7,058

7,302

Net reserve builds (releases)
550

(411
)
139

Net specific reserve builds (releases)
86

(419
)
(333
)
Other
(292
)
(2,882
)
(3,174
)
Ending balance
$
2,791

$
9,835

$
12,626

Allowance for loan losses
 

 

 

Determined in accordance with ASC 450
$
2,408

$
7,776

$
10,184

Determined in accordance with ASC 310-10-35
380

2,046

2,426

Determined in accordance with ASC 310-30
3

13

16

Total allowance for loan losses
$
2,791

$
9,835

$
12,626

Loans, net of unearned income
 
 
 
Loans collectively evaluated for impairment in accordance with ASC 450
$
285,053

$
315,316

$
600,369

Loans individually evaluated for impairment in accordance with ASC 310-10-35
1,803

10,190

11,993

Loans acquired with deteriorated credit quality in accordance with ASC 310-30
5

245

250

Loans held at fair value
4,971

34

5,005

Total loans, net of unearned income
$
291,832

$
325,785

$
617,617



Allowance for Credit Losses and Investment in Loans at December 31, 2014
In millions of dollars
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,674

$
16,974

$
19,648

Charge-offs
(458
)
(10,650
)
(11,108
)
Recoveries
160

1,975

2,135

Replenishment of net charge-offs
298

8,675

8,973

Net reserve releases
(145
)
(1,734
)
(1,879
)
Net specific reserve releases
(20
)
(246
)
(266
)
Other
(62
)
(1,447
)
(1,509
)
Ending balance
$
2,447

$
13,547

$
15,994

Allowance for loan losses
 

 

 

Determined in accordance with ASC 450
$
2,162

$
9,621

$
11,783

Determined in accordance with ASC 310-10-35
241

3,911

4,152

Determined in accordance with ASC 310-30
44

15

59

Total allowance for loan losses
$
2,447

$
13,547

$
15,994

Loans, net of unearned income






Loans collectively evaluated for impairment in accordance with ASC 450
$
271,284

$
346,184

$
617,468

Loans individually evaluated for impairment in accordance with ASC 310-10-35
1,499

19,346

20,845

Loans acquired with deteriorated credit quality in accordance with ASC 310-30
51

370

421

Loans held at fair value
5,858

43

5,901

Total loans, net of unearned income
$
278,692

$
365,943

$
644,635




Allowance for Credit Losses at December 31, 2013

In millions of dollars
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,870

$
22,585

$
25,455

Charge-offs
(445
)
(12,324
)
(12,769
)
Recoveries
225

2,081

2,306

Replenishment of net charge-offs
220

10,243

10,463

Net reserve releases
(202
)
(1,759
)
(1,961
)
Net specific reserve releases
(1
)
(897
)
(898
)
Other
7

(2,955
)
(2,948
)
Ending balance
$
2,674

$
16,974

$
19,648