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ALLOWANCE FOR CREDIT LOSSES
 9 Months Ended
Sep. 30, 2019
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
2019
2018
2019
2018
Allowance for loan losses at beginning of period
$
12,466

$
12,126

$
12,315

$
12,355

Gross credit losses
(2,281
)
(2,094
)
(6,980
)
(6,499
)
Gross recoveries(1)
368

338

1,156

1,172

Net credit losses (NCLs)
$
(1,913
)
$
(1,756
)
$
(5,824
)
$
(5,327
)
NCLs
$
1,913

$
1,756

$
5,824

$
5,327

Net reserve builds (releases)
132

169

252

302

Net specific reserve builds (releases)
17

(19
)
19

(125
)
Total provision for loan losses
$
2,062

$
1,906

$
6,095

$
5,504

Other, net (see table below)
(85
)
60

(56
)
(196
)
Allowance for loan losses at end of period
$
12,530

$
12,336

$
12,530

$
12,336

Allowance for credit losses on unfunded lending commitments at beginning of period
$
1,376

$
1,278

$
1,367

$
1,258

Provision (release) for unfunded lending commitments
9

42

18

66

Other, net
—

1

—

(3
)
Allowance for credit losses on unfunded lending commitments at end of period(2)
$
1,385

$
1,321

$
1,385

$
1,321

Total allowance for loans, leases and unfunded lending commitments
$
13,915

$
13,657

$
13,915

$
13,657


(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
2019
2018
2019
2018
Sales or transfers of various consumer loan portfolios to HFS
 
 
 
 
Transfer of real estate loan portfolios
$
(5
)
$
(2
)
$
(9
)
$
(88
)
Transfer of other loan portfolios
—

(3
)
—

(109
)
Sales or transfers of various consumer loan portfolios to HFS
$
(5
)
$
(5
)
$
(9
)
$
(197
)
FX translation, consumer
(65
)
62

(26
)
16

Other
(15
)
3

(21
)
(15
)
Other, net
$
(85
)
$
60

$
(56
)
$
(196
)



Allowance for Credit Losses and End-of-Period Loans
 
Three Months Ended
 
September 30, 2019
September 30, 2018
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,353

$
10,113

$
12,466

$
2,330

$
9,796

$
12,126

Charge-offs
(107
)
(2,174
)
(2,281
)
(36
)
(2,058
)
(2,094
)
Recoveries
18

350

368

6

332

338

Replenishment of net charge-offs
89

1,824

1,913

30

1,726

1,756

Net reserve builds (releases)
11

121

132

34

135

169

Net specific reserve builds (releases)
(17
)
34

17

(27
)
8

(19
)
Other
(16
)
(69
)
(85
)
2

58

60

Ending balance
$
2,331

$
10,199

$
12,530

$
2,339

$
9,997

$
12,336


 
Nine Months Ended
 
September 30, 2019
September 30, 2018
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses at beginning of period
$
2,365

$
9,950

$
12,315

$
2,486

$
9,869

$
12,355

Charge-offs
(263
)
(6,717
)
(6,980
)
(195
)
(6,304
)
(6,499
)
Recoveries
48

1,108

1,156

71

1,101

1,172

Replenishment of net charge-offs
215

5,609

5,824

124

5,203

5,327

Net reserve builds (releases)
56

196

252

(15
)
317

302

Net specific reserve builds (releases)
(69
)
88

19

(119
)
(6
)
(125
)
Other
(21
)
(35
)
(56
)
(13
)
(183
)
(196
)
Ending balance
$
2,331

$
10,199

$
12,530

$
2,339

$
9,997

$
12,336



 
September 30, 2019
December 31, 2018
In millions of dollars
Corporate
Consumer
Total
Corporate
Consumer
Total
Allowance for loan losses
 

 

 

 
 
 
Collectively evaluated in accordance with ASC 450
$
2,149

$
8,945

$
11,094

$
2,102

$
8,770

$
10,872

Individually evaluated in accordance with ASC 310-10-35
182

1,253

1,435

263

1,178

1,441

Purchased credit impaired in accordance with ASC 310-30
—

1

1

—

2

2

Total allowance for loan losses
$
2,331

$
10,199

$
12,530

$
2,365

$
9,950

$
12,315

Loans, net of unearned income
 
 
 
 
 
 
Collectively evaluated in accordance with ASC 450
$
360,455

$
320,650

$
681,105

$
349,292

$
325,055

$
674,347

Individually evaluated in accordance with ASC 310-10-35
1,412

5,253

6,665

1,214

5,284

6,498

Purchased credit impaired in accordance with ASC 310-30
—

117

117

—

128

128

Held at fair value
3,838

18

3,856

3,203

20

3,223

Total loans, net of unearned income
$
365,705

$
326,038

$
691,743

$
353,709

$
330,487

$
684,196