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

6 Months Ended

Jun. 30, 2020

Other Income and Expenses [Abstract]

Schedule of commissions, fees, administration and other fiduciary fees revenue

The following tables present Commissions and fees revenue:


	Three Months Ended June 30,														Six Months Ended June 30,
	2020														2020
In millions of dollars	ICG		GCB		Corporate/Other		Total		ICG		GCB		Corporate/Other		Total
Investment banking	$	1,358	$	—	$	—	$	1,358	$	2,398	$	—	$	—	$	2,398
Brokerage commissions	482		204		—		686		1,059		453		—		1,512
Credit- and bank-card income
Interchange fees	123		1,505		—		1,628		384		3,422		—		3,806
Card-related loan fees	3		132		—		135		14		298		—		312
Card rewards and partner payments	(70)		(1,745)		—		(1,815)		(219)		(3,838)		—		(4,057)
Deposit-related fees⁽¹⁾	220		85		—		305		453		200		—		653
Transactional service fees	215		20		—		235		442		44		—		486
Corporate finance⁽²⁾	149		—		—		149		295		—		—		295
Insurance distribution revenue	1		113		—		114		5		238		—		243
Insurance premiums	—		31		—		31		—		74		—		74
Loan servicing	18		11		2		31		38		22		10		70
Other	27		46		3		76		57		102		3		162
Total commissions and fees⁽³⁾	$	2,526	$	402	$	5	$	2,933	$	4,926	$	1,015	$	13	$	5,954


	Three Months Ended June 30,														Six Months Ended June 30,
	2019														2019
In millions of dollars	ICG		GCB		Corporate/Other		Total		ICG		GCB		Corporate/Other		Total
Investment banking	$	941	$	—	$	—	$	941	$	1,855	$	—	$	—	$	1,855
Brokerage commissions	438		211		—		649		909		397		—		1,306
Credit- and bank-card income
Interchange fees	314		2,197		—		2,511		593		4,180		—		4,773
Card-related loan fees	16		183		—		199		29		343		—		372
Card rewards and partner payments	(175)		(2,277)		—		(2,452)		(328)		(4,338)		—		(4,666)
Deposit-related fees⁽¹⁾	266		120		—		386		528		242		—		770
Transactional service fees	199		30		—		229		400		60		—		460
Corporate finance⁽²⁾	151		—		—		151		330		—		—		330
Insurance distribution revenue	2		129		—		131		6		261		—		267
Insurance premiums	—		45		—		45		—		92		—		92
Loan servicing	—		8		3		11		50		30		9		89
Other	14		66		—		80		30		128		1		159
Total commissions and fees⁽³⁾	$	2,166	$	712	$	3	$	2,881	$	4,402	$	1,395	$	10	$	5,807

(1)Includes overdraft fees of $20 million and $31 million for the three months ended June 30, 2020 and 2019, respectively, and $51 million and $61 million for the six months ended June 30, 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 $(1,426) million and $(2,016) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three months ended June 30, 2020 and 2019, respectively, and $(3,228) million and $(3,719) million for the six months ended June 30, 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 June 30,														Six Months Ended June 30,
	2020														2020
In millions of dollars	ICG		GCB		Corporate/Other		Total		ICG		GCB		Corporate/Other		Total
Custody fees	$	372	$	6	$	21	$	399	$	738	$	14	$	36	$	788
Fiduciary fees	158		132		—		290		330		288		—		618
Guarantee fees	127		1		2		130		261		3		3		267
Total administration and other fiduciary fees⁽¹⁾	$	657	$	139	$	23	$	819	$	1,329	$	305	$	39	$	1,673


	Three Months Ended June 30,														Six Months Ended June 30,
	2019														2019
In millions of dollars	ICG		GCB		Corporate/Other		Total		ICG		GCB		Corporate/Other		Total
Custody fees	$	383	$	4	$	18	$	405	$	747	$	7	$	34	$	788
Fiduciary fees	162		154		—		316		314		300		12		626
Guarantee fees	144		2		2		148		286		4		4		294
Total administration and other fiduciary fees⁽¹⁾	$	689	$	160	$	20	$	869	$	1,347	$	311	$	50	$	1,708

(1) Administration and other fiduciary fees includes $130 million and $148 million for the three months ended June 30, 2020 and 2019, respectively, and $267 million and $294 million for the six months ended June 30, 2020 and 2019, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These amounts include guarantee fees.