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ALLOWANCE FOR CREDIT LOSSES
 6 Months Ended
Jun. 30, 2017
Loans and Leases Receivable Disclosure [Abstract]  
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES
 
 
Three Months Ended June 30,
Six Months Ended   June 30,
In millions of dollars
2017
2016
2017
2016
Allowance for loan losses at beginning of period
$
12,030

$
12,712

$
12,060

$
12,626

Gross credit losses
(2,130
)
(2,048
)
(4,274
)
(4,191
)
Gross recoveries(1)
420

432

855

851

Net credit losses (NCLs)
$
(1,710
)
$
(1,616
)
$
(3,419
)
$
(3,340
)
NCLs
$
1,710

$
1,616

$
3,419

$
3,340

Net reserve builds (releases)
67

(90
)
47

(48
)
Net specific reserve releases
(111
)
(136
)
(125
)
(16
)
Total provision for loan losses
$
1,666

$
1,390

$
3,341

$
3,276

Other, net (see table below)
39

(182
)
43

(258
)
Allowance for loan losses at end of period
$
12,025

$
12,304

$
12,025

$
12,304

Allowance for credit losses on unfunded lending commitments at beginning of period
$
1,377

$
1,473

$
1,418

$
1,402

Provision (release) for unfunded lending commitments
28

(30
)
(15
)
41

Other, net
1

(11
)
3

(11
)
Allowance for credit losses on unfunded lending commitments at end of period(2)
$
1,406

$
1,432

$
1,406

$
1,432

Total allowance for loans, leases and unfunded lending commitments
$
13,431

$
13,736

$
13,431

$
13,736


(1)
Recoveries have been reduced by certain collection costs that are incurred only if collection efforts are successful.
(2)
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
Three Months Ended June 30,
Six Months Ended   June 30,
In millions of dollars
2017
2016
2017
2016
Sales or transfers of various consumer loan portfolios to held-for-sale
 
 
 
 
Transfer of real estate loan portfolios
$
(19
)
$
(24
)
$
(56
)
$
(53
)
Transfer of other loan portfolios
—

(77
)
(124
)
(196
)
Sales or transfers of various consumer loan portfolios to held-for-sale
$
(19
)
$
(101
)
$
(180
)
$
(249
)
FX translation, consumer
50

(75
)
214

(12
)
Other
8

(6
)
9

3

Other, net
$
39

$
(182
)
$
43

$
(258
)



Allowance for Credit Losses and Investment in Loans
 
Three Months Ended
 
June 30, 2017
June 30, 2016
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,535

$
9,495

$
12,030

$
2,905

$
9,807

$
12,712

Charge-offs
(96
)
(2,034
)
(2,130
)
(157
)
(1,891
)
(2,048
)
Recoveries
19

401

420

16

416

432

Replenishment of net charge-offs
77

1,633

1,710

141

1,475

1,616

Net reserve builds (releases)
(4
)
71

67

(16
)
(74
)
(90
)
Net specific reserve releases
(27
)
(84
)
(111
)
(11
)
(125
)
(136
)
Other
6

33

39

(6
)
(176
)
(182
)
Ending balance
$
2,510

$
9,515

$
12,025

$
2,872

$
9,432

$
12,304



 
Six Months Ended
 
June 30, 2017
June 30, 2016
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,702

$
9,358

$
12,060

$
2,791

$
9,835

$
12,626

Charge-offs
(199
)
(4,075
)
(4,274
)
(381
)
(3,810
)
(4,191
)
Recoveries
85

770

855

30

821

851

Replenishment of net charge-offs
114

3,305

3,419

351

2,989

3,340

Net reserve builds (releases)
(170
)
217

47

(12
)
(36
)
(48
)
Net specific reserve builds (releases)
(39
)
(86
)
(125
)
90

(106
)
(16
)
Other
17

26

43

3

(261
)
(258
)
Ending balance
$
2,510

$
9,515

$
12,025

$
2,872

$
9,432

$
12,304


 
June 30, 2017
December 31, 2016
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses
 

 

 

 
 
 
Collectively evaluated in accordance with ASC 450
$
2,156

$
8,069

$
10,225

$
2,310

$
7,744

$
10,054

Individually evaluated in accordance with ASC 310-10-35
354

1,441

1,795

392

1,608

2,000

Purchased credit-impaired in accordance with ASC 310-30
—

5

5

—

6

6

Total allowance for loan losses
$
2,510

$
9,515

$
12,025

$
2,702

$
9,358

$
12,060

Loans, net of unearned income
 
 
 
 
 


Collectively evaluated in accordance with ASC 450
$
313,092

$
318,029

$
631,121

$
293,294

$
317,048

$
610,342

Individually evaluated in accordance with ASC 310-10-35
2,153

7,022

9,175

2,555

7,799

10,354

Purchased credit-impaired in accordance with ASC 310-30
—

183

183

—

187

187

Held at fair value
4,189

27

4,216

3,457

29

3,486

Total loans, net of unearned income
$
319,434

$
325,261

$
644,695

$
299,306

$
325,063

$
624,369