BROKERAGE RECEIVABLES AND BROKERAGE PAYABLES

6 Months Ended

Jun. 30, 2019

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 2018 Annual Report on Form 10-K.

Brokerage receivables and Brokerage payables consisted of the following:

In millions of dollars	June 30, 2019		December 31, 2018
Receivables from customers	$	15,887	$	14,415
Receivables from brokers, dealers and clearing organizations	34,140		21,035
Total brokerage receivables(1)	$	50,027	$	35,450
Payables to customers	$	38,589	$	40,273
Payables to brokers, dealers and clearing organizations	31,250		24,298
Total brokerage payables(1)	$	69,839	$	64,571

(1)

Includes brokerage receivables and payables recorded by Citi broker-dealer entities that are accounted for in accordance with the AICPA Accounting Guide for Brokers and Dealers in Securities as codified in ASC 940-320.