INTEREST REVENUE AND EXPENSE (Tables)

6 Months Ended

Jun. 30, 2020

Banking and Thrift, Interest [Abstract]

Interest revenue and interest expense

Interest revenue and Interest expense consisted of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
In millions of dollars	2020		2019		2020		2019
Interest revenue
Loan interest, including fees	$	10,149	$	11,981	$	21,399	$	23,949
Deposits with banks	159		736		686		1,343
Securities borrowed and purchased under agreements to resell	401		1,893		1,609		3,677
Investments, including dividends	2,097		2,505		4,378		5,053
Trading account assets(1)	1,673		2,140		3,263		3,826
Other interest	110		457		393		940
Total interest revenue	$	14,589	$	19,712	$	31,728	$	38,788
Interest expense
Deposits(2)	$	1,469	$	3,284	$	4,083	$	6,311
Securities loaned and sold under agreements to repurchase	453		1,724		1,538		3,313
Trading account liabilities(1)	144		320		383		647
Short-term borrowings and other interest-bearing liabilities	140		715		524		1,367
Long-term debt	1,303		1,719		2,628		$	3,441
Total interest expense	$	3,509	$	7,762	$	9,156	$	15,079
Net interest revenue	$	11,080	$	11,950	$	22,572	$	23,709
Provision for credit losses on loans	7,696		2,089		14,140		4,033
Net interest revenue after provision for credit losses on loans	$	3,384	$	9,861	$	8,432	$	19,676

(1)Interest expense on Trading account liabilities of ICG is reported as a reduction of Interest revenue. Interest revenue and Interest expense on cash collateral positions are reported in interest on Trading account assets and Trading account liabilities, respectively.

(2)Includes deposit insurance fees and charges of $270 million and $189 million for the three months ended June 30, 2020 and 2019, respectively, and $495 million and $382 million for the six months ended June 30, 2020 and 2019, respectively.