COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES (Tables)

3 Months Ended

Mar. 31, 2020

Banking and Thrift [Abstract]

Commissions and fees revenues

The following tables present Commissions and fees revenue:

	Three Months Ended March 31,
	2020
In millions of dollars	ICG			GCB			Corporate/Other		Total
Investment banking	$	1,040		$	—		$	—	$	1,040
Brokerage commissions	577			249			—		826
Credit- and bank-card income
Interchange fees	261			1,917			—		2,178
Card-related loan fees	11			166			—		177
Card rewards and partner      payments	(149		)	(2,093		)	—		(2,242		)
Deposit-related fees(1)	233			115			—		348
Transactional service fees	227			24			—		251
Corporate finance(2)	146			—			—		146
Insurance distribution revenue	4			125			—		129
Insurance premiums	—			43			—		43
Loan servicing	20			11			8		39
Other	30			56			—		86
Total commissions and fees(3)	$	2,400		$	613		$	8	$	3,021

	Three Months Ended March 31,
	2019
In millions of dollars	ICG			GCB			Corporate/Other		Total
Investment banking	$	914		$	—		$	—	$	914
Brokerage commissions	471			186			—		657
Credit- and bank-card income
Interchange fees	279			1,983			—		2,262
Card-related loan fees	13			160			—		173
Card rewards and partner payments	(153		)	(2,061		)	—		(2,214		)
Deposit-related fees(1)	262			122			—		384
Transactional service fees	201			30			—		231
Corporate finance(2)	179			—			—		179
Insurance distribution revenue	4			132			—		136
Insurance premiums	—			47			—		47
Loan servicing	50			22			6		78
Other	17			62			1		79
Total commissions and fees(3)	$	2,236		$	683		$	7	$	2,926

(1) Includes overdraft fees of $31 million and $31 million for the three months ended March 31, 2020 and 2019, respectively. Overdraft fees are accounted for under ASC 310.

(2) Consists primarily of fees earned from structuring and underwriting loan syndications or related financing activity. This activity is accounted for under ASC 310.

(3)

Commissions and fees includes $(1,802) million and $(1,703) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three months ended March 31, 2020 and 2019, respectively. Amounts reported in Commissions and fees accounted for under other guidance primarily include card-related loan fees, card reward programs and certain partner payments, corporate finance fees, insurance premiums and loan servicing fees.

The following table presents Administration and other fiduciary fees revenue:

	Three Months Ended March 31,
	2020
In millions of dollars	ICG		GCB		Corporate/Other		Total
Custody fees	$	366	$	8	$	15	$	389
Fiduciary fees	172		156		—		328
Guarantee fees	134		2		1		137
Total administration and other fiduciary fees(1)	$	672	$	166	$	16	$	854

	Three Months Ended March 31,
	2019
In millions of dollars	ICG		GCB		Corporate/Other		Total
Custody fees	$	364	$	3	$	16	$	383
Fiduciary fees	152		146		12		310
Guarantee fees	142		2		2		146
Total administration and other fiduciary fees(1)	$	658	$	151	$	30	$	839

(1) Administration and other fiduciary fees includes $136 million and $146 million for the three months ended March 31, 2020 and 2019, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These amounts include guarantee fees.