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ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Sep. 30, 2020
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of allowance for credit losses and investment in loans by portfolio segment
Three Months Ended September 30,Nine Months Ended September 30,
In millions of dollars2020201920202019
Allowance for credit losses on loans (ACLL) at beginning of period$26,420 $12,466 $12,783 $12,315 
Adjustment to opening balance for CECL adoption(1)
— — 4,201 — 
Adjusted ACLL at beginning of period$26,420 $12,466 $16,984 $12,315 
Gross credit losses on loans$(2,367)$(2,281)$(7,374)$(6,980)
Gross recoveries on loans(2)
448 368 1,141 1,156 
Net credit losses on loans (NCLs) $(1,919)$(1,913)$(6,233)$(5,824)
NCLs$1,919 $1,913 $6,233 $5,824 
Net reserve builds (releases) for loans(3)
42 132 9,010 252 
Net specific reserve builds (releases) for loans(152)17 706 19 
Total provision for credit losses on loans (PCLL)$1,809 $2,062 $15,949 $6,095 
Initial allowance for credit losses on newly purchased credit
deteriorated assets during the period		— — 4— 
Other, net (see table below)116 (85)(278)(56)
ACLL at end of period$26,426 $12,530 $26,426 $12,530 
Allowance for credit losses on unfunded lending commitments (ACLUC) at beginning of period(4)
$1,859 $1,376 $1,456 $1,367 
Adjustment to opening balance for CECL adoption(1)
— — (194)— 
Provision (release) for credit losses on unfunded lending commitments424 9 1,094 18 
Other, net(5)
16 — (57)— 
ACLUC at end of period(4)
$2,299 $1,385 $2,299 $1,385 
Total allowance for credit losses on loans, leases and unfunded lending commitments$28,725 $13,915 $28,725 $13,915 
Other, net detailsThree Months Ended September 30,Nine Months Ended September 30,
Sales or transfers of various consumer loan portfolios to HFS$— $(5)$(4)$(9)
FX translation(6)
116 (65)(279)(26)
Other— (15)5 (21)
Other, net$116 $(85)$(278)$(56)

(1)See Note 1 to the Consolidated Financial Statements for further discussion of the impact of Citi’s adoption of CECL.
(2)Recoveries have been reduced by certain collection costs that are incurred only if collection efforts are successful for periods prior to June 30, 2020.
(3)During the second quarter of 2020, Citi updated its ACLL estimate of lifetime credit losses related to a change in accounting principle for variable post-charge-off third-party agency collection costs in its U.S. cards portfolios. After June 30, 2020, these costs are recorded as operating expenses for future periods as they are incurred. The impact of this change in estimate effected by a change in accounting principle resulted in an approximate $426 million reduction in Citi's estimated ACLL at June 30, 2020. During the third quarter of 2020, Citi updated its ACLL estimate of lifetime credit losses resulting from a change in accounting estimate effected by a change in accounting principle for variable post-charge-off third-party agency collection costs, primarily in its international cards portfolios. After June 30, 2020, these costs are recorded as operating expenses for future periods as they are incurred. The impact of this change in estimate effected by a change in accounting principle resulted in an approximate $122 million reduction in Citi's estimated ACLL at September 30, 2020.
(4)Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
(5)The nine months ended September 30, 2020 includes a non-provision transfer of $68 million, representing reserves on performance guarantees as of March 31, 2020. The reserves on these contracts have been reclassified out of the allowance for credit losses on unfunded lending commitments and into other liabilities beginning June 30, 2020.
(6)Primarily related to consumer. The corporate allowance is predominantly sourced in U.S. dollars.
Allowance for Credit Losses and End-of-Period Loans
Three Months Ended
September 30, 2020September 30, 2019
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$6,824 $19,596 $26,420 $2,787 $9,679 $12,466 
Charge-offs(351)(2,016)(2,367)(129)(2,152)(2,281)
Recoveries26 422 448 19 349 368 
Replenishment of net charge-offs325 1,594 1,919 110 1,803 1,913 
Net reserve builds (releases)267 (225)42 37 95 132 
Net specific reserve builds (releases)(161)9 (152)(1)18 17 
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period— — — — — — 
Other8 108 116 (20)(65)(85)
Ending balance$6,938 $19,488 $26,426 $2,803 $9,727 $12,530 
Nine Months Ended
September 30, 2020September 30, 2019
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$2,886 $9,897 $12,783 $2,811 $9,504 $12,315 
Adjustment to opening balance for CECL adoption(721)4,922 4,201 — — — 
Charge-offs(836)(6,538)(7,374)(333)(6,647)(6,980)
Recoveries60 1,081 1,141 55 1,101 1,156 
Replenishment of net charge-offs776 5,457 6,233 278 5,546 5,824 
Net reserve builds (releases)4,418 4,592 9,010 91 161 252 
Net specific reserve builds (releases)373 333 706 (77)96 19 
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period— 4 4 — — — 
Other(18)(260)(278)(22)(34)(56)
Ending balance$6,938 $19,488 $26,426 $2,803 $9,727 $12,530 

September 30, 2020December 31, 2019
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
Allowance for credit losses on loans   
Collectively evaluated$6,340 $18,222 $24,562 $2,587 $8,706 $11,293 
Individually evaluated 598 1,263 1,861 299 1,190 1,489 
Purchased credit deteriorated— 3 3 — 1 1 
Total allowance for credit losses on loans$6,938 $19,488 $26,426 $2,886 $9,897 $12,783 
Loans, net of unearned income
Collectively evaluated$377,792 $275,347 $653,139 $383,828 $304,510 $688,338 
Individually evaluated 3,584 4,525 8,109 2,040 4,892 6,932 
Purchased credit deteriorated— 139 139 — 128 128 
Held at fair value5,510 14 5,524 4,067 18 4,085 
Total loans, net of unearned income$386,886 $280,025 $666,911 $389,935 $309,548 $699,483 
Schedule of allowance for credit losses on available for sale securities
Allowance for Credit Losses on AFS Debt Securities
Three Months Ended September 30, 2020
In millions of dollarsForeign governmentCorporateTotal AFS
Allowance for credit losses at beginning of period$3 $5 $8 
Less: Write-offs— — — 
Recoveries of amounts written-off— 1 1 
Net credit losses (NCLs)$— $1 $1 
NCLs$— $(1)$(1)
Credit losses on securities without previous credit losses— — — 
Net reserve builds (releases) on securities with previous credit losses(3)— (3)
Total provision for credit losses$(3)$(1)$(4)
Initial allowance on newly purchased credit-deteriorated securities during the period— — — 
Allowance for credit losses at end of period$— $5 $5 
Nine Months Ended September 30, 2020
In millions of dollarsForeign governmentCorporateTotal AFS
Allowance for credit losses at beginning of period$— $— $— 
Adjustment to opening balance for CECL adoption— — — 
Less: Write-offs— — — 
Recoveries of amounts written-off— 1 1 
Net credit losses (NCLs)$— $1 $1 
NCLs$— $(1)$(1)
Credit losses on securities without previous credit losses3 5 8 
Net reserve builds (releases) on securities with previous credit losses(3)— (3)
Total provision for credit losses$— $4 $4 
Initial allowance on newly purchased credit-deteriorated securities during the period— — — 
Allowance for credit losses at end of period$— $5 $5 
Schedule of allowance for credit losses on held-to-maturity securities
Allowance for Credit Losses on HTM Debt Securities
Three Months Ended September 30, 2020
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-backedTotal HTM
Allowance for credit losses on HTM debt securities at beginning
of period		$— $99 $6 $2 $107 
Net credit losses (NCLs)$— $— $— $— $— 
NCLs$— $— $— $— $— 
Net reserve builds (releases)3 (19)(1)1 (16)
Net specific reserve builds (releases)— — — — — 
Total provision for credit losses on HTM debt securities$3 $(19)$(1)$1 $(16)
Other, net$5 $— $2 $— $7 
Initial allowance for credit losses on newly purchased credit-deteriorated securities during the period— — — — — 
Allowance for credit losses on HTM debt securities at end of period$8 $80 $7 $3 $98 
Nine Months Ended September 30, 2020
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-backedTotal HTM
Allowance for credit losses on HTM debt securities at beginning
of period		$— $— $— $— $— 
Adjustment to opening balance for CECL adoption— 61 4 5 70 
Net credit losses (NCLs)$— $— $— $— $— 
NCLs$— $— $— $— $— 
Net reserve builds (releases)3 16 1 1 21 
Net specific reserve builds (releases)— — — — — 
Total provision for credit losses on HTM debt securities$3 $16 $1 $1 $21 
Other, net$5 $3 $2 $(3)$7 
Initial allowance for credit losses on newly purchased credit-deteriorated securities during the period— — — — — 
Allowance for credit losses on HTM debt securities at end of period$8 $80 $7 $3 $98 
Schedule of allowance for credit losses on other assets
Allowance for Credit Losses on Other Assets
Three Months Ended September 30, 2020
In millions of dollarsCash and due from banksDeposits with banksSecurities borrowed and purchased under agreements
to resell		Brokerage receivables
All other assets(1)
Total
Allowance for credit losses at beginning of period$— $18 $7 $— $77 $102 
Net credit losses (NCLs)$— $— $— $— $— $— 
NCLs$— $— $— $— $— $— 
Net reserve builds (releases)— 7 (3)— (17)(13)
Total provision for credit losses$— $7 $(3)$— $(17)$(13)
Other, net$— $— $— $— $(10)$(10)
Allowance for credit losses on other assets at end of period$— $25 $4 $— $50 $79 
Nine Months Ended September 30, 2020
In millions of dollarsCash and due from banksDeposits with banksSecurities borrowed and purchased under agreements
to resell		Brokerage receivables
All other assets(1)
Total
Allowance for credit losses at beginning of period$— $— $— $— $— $— 
Adjustment to opening balance for CECL adoption6 14 2 1 3 26 
Net credit losses (NCLs)$— $— $— $— $— $— 
NCLs$— $— $— $— $— $— 
Net reserve builds (releases)(6)11 2 (1)25 31 
Total provision for credit losses$(6)$11 $2 $(1)$25 $31 
Other, net$— $— $— $— $22 $22 
Allowance for credit losses on other assets at end of period$— $25 $4 $— $50 $79 

(1)Primarily accounts receivable.