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FAIR VALUE ELECTIONS (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value, Option, Aggregate Differences [Abstract]  
Schedule of financial instruments selected for changes in fair value gains and losses
The following table presents the changes in fair value of those items for which the fair value option has been elected:
Changes in fair value—gains (losses)
 Three Months Ended September 30,Nine Months Ended September 30,
In millions of dollars2020201920202019
Assets  
Securities borrowed and purchased under agreements to resell$(27)$(14)$17 $21 
Trading account assets183 2 (278)214 
Investments— — — — 
Loans 
Certain corporate loans1,003 (320)973 (533)
Certain consumer loans— — — — 
Total loans$1,003 $(320)$973 $(533)
Other assets 
MSRs$(22)$(35)$(191)$(99)
Certain mortgage loans HFS(1)
74 30 208 67 
Total other assets$52 $(5)$17 $(32)
Total assets$1,211 $(337)$729 $(330)
Liabilities 
Interest-bearing deposits$(53)$(24)$(105)$(158)
Securities loaned and sold under agreements to repurchase482 172 390 258 
Trading account liabilities16 8 (1)21 
Short-term borrowings(2)
(60)102 937 21 
Long-term debt(2)
(1,098)(225)865 (4,019)
Total liabilities$(713)$33 $2,086 $(3,877)
(1)Includes gains (losses) associated with interest rate lock commitments for those loans that have been originated and elected under the fair value option.
(2)Includes DVA that is included in AOCI. See Notes 17 and 20 to the Consolidated Financial Statements.
Schedule of fair value of loans and other disclosures for certain credit related products
The following table provides information about certain credit products carried at fair value:
 September 30, 2020December 31, 2019
In millions of dollarsTrading assetsLoansTrading assetsLoans
Carrying amount reported on the Consolidated Balance Sheet$7,411 $5,524 $8,320 $4,086 
Aggregate unpaid principal balance in excess of (less than) fair value38 9 410 315 
Balance of non-accrual loans or loans more than 90 days past due— 4 — 1 
Aggregate unpaid principal balance in excess of (less than) fair value for non-accrual loans or loans more than 90 days past due— — — — 
Schedule of fair value of loans and other disclosures for certain mortgage loans
The following table provides information about certain mortgage loans HFS carried at fair value:
In millions of dollarsSeptember 30,
2020		December 31, 2019
Carrying amount reported on the Consolidated Balance Sheet$1,069 $1,254 
Aggregate fair value in excess of (less than) unpaid principal balance60 (31)
Balance of non-accrual loans or loans more than 90 days past due— 1 
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due— — 
Schedule of carrying value of structured notes, disaggregated by type of embedded derivative instrument
The following table provides information about the carrying value of structured notes, disaggregated by type of embedded derivative instrument:
In billions of dollarsSeptember 30, 2020December 31, 2019
Interest rate linked$20.1 $22.6 
Foreign exchange linked1.1 0.7 
Equity linked25.2 23.7 
Commodity linked2.0 1.8 
Credit linked2.5 0.9 
Total$50.9 $49.7 
Schedule of long-term debt carried at fair value, excluding debt issued by consolidated VIEs
The following table provides information about long-term debt carried at fair value:
In millions of dollarsSeptember 30, 2020December 31, 2019
Carrying amount reported on the Consolidated Balance Sheet$63,056 $55,783 
Aggregate unpaid principal balance in excess of (less than) fair value(1,178)(2,967)
Schedule of short-term borrowings carried at fair value
The following table provides information about short-term borrowings carried at fair value:
In millions of dollarsSeptember 30, 2020December 31, 2019
Carrying amount reported on the Consolidated Balance Sheet$5,981 $4,946 
Aggregate unpaid principal balance in excess of (less than) fair value86 1,411