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ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Allowance for credit losses
In millions of dollars
2016
2015
2014
Allowance for loan losses at beginning of period
$
12,626

$
15,994

$
19,648

Gross credit losses
(8,222
)
(9,041
)
(11,108
)
Gross recoveries(1)
1,661

1,739

2,135

Net credit losses (NCLs)
$
(6,561
)
$
(7,302
)
$
(8,973
)
NCLs
$
6,561

$
7,302

$
8,973

Net reserve builds (releases)
340

139

(1,879
)
Net specific reserve releases
(152
)
(333
)
(266
)
Total provision for loan losses
$
6,749

$
7,108

$
6,828

Other, net (see table below)
(754
)
(3,174
)
(1,509
)
Allowance for loan losses at end of period
$
12,060

$
12,626

$
15,994

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

$
1,063

$
1,229

Provision (release) for unfunded lending commitments
29

74

(162
)
Other, net(2)
(13
)
265

(4
)
Allowance for credit losses on unfunded lending commitments at end of period(3)
$
1,418

$
1,402

$
1,063

Total allowance for loans, leases, and unfunded lending commitments
$
13,478

$
14,028

$
17,057


(1)
Recoveries have been reduced by certain collection costs that are incurred only if collection efforts are successful.
(2)
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.
(3)
Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.

Other, net details:
 
 
 
In millions of dollars
2016
2015
2014
Sales or transfers of various consumer loan portfolios to held-for-sale
 
 
 
Transfer of real estate loan portfolios
$
(106
)
$
(1,462
)
$
(411
)
Transfer of other loan portfolios
(468
)
(948
)
(657
)
Sales or transfers of various consumer loan portfolios to held-for-sale
$
(574
)
$
(2,410
)
$
(1,068
)
FX translation, consumer
(199
)
(474
)
(463
)
Other
19

(290
)
22

Other, net
$
(754
)
$
(3,174
)
$
(1,509
)
Schedule of allowance for credit losses and investment in loans by portfolio segment
Allowance for Credit Losses and Investment in Loans at December 31, 2016
In millions of dollars
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,791

$
9,835

$
12,626

Charge-offs
(578
)
(7,644
)
(8,222
)
Recoveries
67

1,594

1,661

Replenishment of net charge-offs
511

6,050

6,561

Net reserve builds (releases)
(85
)
425

340

Net specific reserve releases
—

(152
)
(152
)
Other
(4
)
(750
)
(754
)
Ending balance
$
2,702

$
9,358

$
12,060

Allowance for loan losses
 

 

 

Determined in accordance with ASC 450
$
2,310

$
7,744

$
10,054

Determined in accordance with ASC 310-10-35
392

1,608

2,000

Determined in accordance with ASC 310-30
—

6

6

Total allowance for loan losses
$
2,702

$
9,358

$
12,060

Loans, net of unearned income
 
 
 
Loans collectively evaluated for impairment in accordance with ASC 450
$
292,915

$
317,351

$
610,266

Loans individually evaluated for impairment in accordance with ASC 310-10-35
2,631

7,799

10,430

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

187

187

Loans held at fair value
3,457

29

3,486

Total loans, net of unearned income
$
299,003

$
325,366

$
624,369



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

$
315,314

$
600,367

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

10,192

11,995

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 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