BROKERAGE RECEIVABLES AND BROKERAGE PAYABLES

9 Months Ended

Sep. 30, 2016

Brokers and Dealers [Abstract]

BROKERAGE RECEIVABLES AND BROKERAGE PAYABLES

BROKERAGE RECEIVABLES AND BROKERAGE

PAYABLES

The Company has receivables and payables for financial instruments sold to and purchased from brokers, dealers and customers, which arise in the ordinary course of business. For additional information on these receivables and payables, see Note 12 to the Consolidated Financial Statements in Citi’s 2015 Annual Report on Form 10-K.

Brokerage receivables and Brokerage payables consisted of the following:

In millions of dollars	September 30, 2016		December 31, 2015
Receivables from customers	$	11,004	$	10,435
Receivables from brokers, dealers, and clearing organizations	25,108		17,248
Total brokerage receivables(1)	$	36,112	$	27,683
Payables to customers	$	42,619	$	35,653
Payables to brokers, dealers, and clearing organizations	19,302		18,069
Total brokerage payables(1)	$	61,921	$	53,722

(1) Brokerage receivables and payables are accounted for in accordance with the AICPA Audit and Accounting Guide for Brokers and Dealers in Securities as codified in ASC 940-320.