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BROKERAGE RECEIVABLES AND BROKERAGE PAYABLES
6 Months Ended
Jun. 30, 2020
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 2019 Annual Report on Form 10-K.
Brokerage receivables and Brokerage payables consisted of the following:
In millions of dollarsJune 30,
2020
December 31, 2019
Receivables from customers$17,145  $15,912  
Receivables from brokers, dealers and clearing organizations34,488  23,945  
Total brokerage receivables(1)
$51,633  $39,857  
Payables to customers$41,843  $37,613  
Payables to brokers, dealers and clearing organizations18,724  10,988  
Total brokerage payables(1)
$60,567  $48,601  
(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.