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ALLOWANCE FOR CREDIT LOSSES
 9 Months Ended
Sep. 30, 2017
Loans and Leases Receivable Disclosure [Abstract]  
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES
 
 
Three Months Ended September 30,
Nine Months Ended 
 September 30,
In millions of dollars
2017
2016
2017
2016
Allowance for loan losses at beginning of period
$
12,025

$
12,304

$
12,060

$
12,626

Gross credit losses
(2,120
)
(1,948
)
(6,394
)
(6,139
)
Gross recoveries(1)
343

423

1,198

1,274

Net credit losses (NCLs)
$
(1,777
)
$
(1,525
)
$
(5,196
)
$
(4,865
)
NCLs
$
1,777

$
1,525

$
5,196

$
4,865

Net reserve builds
419

258

466

210

Net specific reserve releases
(50
)
(37
)
(175
)
(53
)
Total provision for loan losses
$
2,146

$
1,746

$
5,487

$
5,022

Other, net (see table below)
(28
)
(86
)
15

(344
)
Allowance for loan losses at end of period
$
12,366

$
12,439

$
12,366

$
12,439

Allowance for credit losses on unfunded lending commitments at beginning of period
$
1,406

$
1,432

$
1,418

$
1,402

Release for unfunded lending commitments
(175
)
(45
)
(190
)
(4
)
Other, net
1

1

4

(10
)
Allowance for credit losses on unfunded lending commitments at end of period(2)
$
1,232

$
1,388

$
1,232

$
1,388

Total allowance for loans, leases and unfunded lending commitments
$
13,598

$
13,827

$
13,598

$
13,827


(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 September 30,
Nine Months Ended 
 September 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
$
(28
)
$
(50
)
$
(84
)
$
(103
)
Transfer of other loan portfolios
(6
)
(8
)
(130
)
(204
)
Sales or transfers of various consumer loan portfolios to held-for-sale
$
(34
)
$
(58
)
$
(214
)
$
(307
)
FX translation, consumer
7

(46
)
221

(58
)
Other
(1
)
18

8

21

Other, net
$
(28
)
$
(86
)
$
15

$
(344
)



Allowance for Credit Losses and Investment in Loans
 
Three Months Ended
 
September 30, 2017
September 30, 2016
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,510

$
9,515

$
12,025

$
2,872

$
9,432

$
12,304

Charge-offs
(49
)
(2,071
)
(2,120
)
(63
)
(1,885
)
(1,948
)
Recoveries
6

337

343

23

400

423

Replenishment of net charge-offs
43

1,734

1,777

40

1,485

1,525

Net reserve builds (releases)
(60
)
479

419

(110
)
368

258

Net specific reserve builds (releases)
21

(71
)
(50
)
(1
)
(36
)
(37
)
Other
3

(31
)
(28
)
5

(91
)
(86
)
Ending balance
$
2,474

$
9,892

$
12,366

$
2,766

$
9,673

$
12,439



 
Nine Months Ended
 
September 30, 2017
September 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
(248
)
(6,146
)
(6,394
)
(445
)
(5,694
)
(6,139
)
Recoveries
91

1,107

1,198

52

1,222

1,274

Replenishment of net charge-offs
157

5,039

5,196

393

4,472

4,865

Net reserve builds (releases)
(230
)
696

466

(122
)
332

210

Net specific reserve builds (releases)
(18
)
(157
)
(175
)
89

(142
)
(53
)
Other
20

(5
)
15

8

(352
)
(344
)
Ending balance
$
2,474

$
9,892

$
12,366

$
2,766

$
9,673

$
12,439


 
September 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
$
2,098

$
8,550

$
10,648

$
2,310

$
7,744

$
10,054

Individually evaluated in accordance with ASC 310-10-35
376

1,337

1,713

392

1,608

2,000

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

5

5

—

6

6

Total allowance for loan losses
$
2,474

$
9,892

$
12,366

$
2,702

$
9,358

$
12,060

Loans, net of unearned income
 
 
 
 
 


Collectively evaluated in accordance with ASC 450
$
321,239

$
318,615

$
639,854

$
293,294

$
317,048

$
610,342

Individually evaluated in accordance with ASC 310-10-35
2,087

6,757

8,844

2,555

7,799

10,354

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

177

177

—

187

187

Held at fair value
4,281

27

4,308

3,457

29

3,486

Total loans, net of unearned income
$
327,607

$
325,576

$
653,183

$
299,306

$
325,063

$
624,369