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DEBT (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of short-term borrowings
Short-Term Borrowings
December 31,
20202019
In millions of dollarsBalanceWeighted average couponBalanceWeighted average coupon
Commercial paper
Bank(1)
$10,022 $10,155 
Broker-dealer and other(2)
7,988 6,321 
Total commercial paper$18,010 0.77 %$16,476 1.98 %
Other borrowings(3)
11,504 0.48 28,573 1.94 
Total$29,514 $45,049 

(1)Represents Citibank entities as well as other bank entities.
(2)Represents broker-dealer and other non-bank subsidiaries that are consolidated into Citigroup Inc., the parent holding company.
(3)Includes borrowings from Federal Home Loan Banks and other market participants. At December 31, 2020 and 2019, collateralized short-term advances from Federal Home Loan Banks were $4.0 billion and $17.6 billion, respectively.
Schedule of long-term debt
Long-Term Debt
Balances at
December 31,
In millions of dollars
Weighted
average
coupon(1)
Maturities20202019
Citigroup Inc.(2)
Senior debt2.82 %2021-2098$142,197 $123,292 
Subordinated debt(3)
4.38 2022-204626,636 25,463 
Trust preferred securities6.26 2036-20671,730 1,722 
Bank(4)
Senior debt1.64 2021-204944,742 53,340 
Broker-dealer(5)
Senior debt0.72 2021-207055,896 44,817 
Subordinated debt(3)
— 2022-2046485 126 
Total2.66 %$271,686 $248,760 
Senior debt$242,835 $221,449 
Subordinated debt(3)
27,121 25,589 
Trust preferred securities1,730 1,722 
Total$271,686 $248,760 

(1)The weighted average coupon excludes structured notes accounted for at fair value.
(2)Represents the parent holding company.
(3)Includes notes that are subordinated within certain countries, regions or subsidiaries.
(4)Represents Citibank entities as well as other bank entities. At December 31, 2020 and 2019, collateralized long-term advances from Federal Home Loan Banks were $10.9 billion and $5.5 billion, respectively.
(5)Represents broker-dealer and other non-bank subsidiaries that are consolidated into Citigroup Inc., the parent holding company. Certain Citigroup consolidated hedging activities are also included in this line.
Aggregate annual maturities of long-term debt obligations
Aggregate annual maturities of long-term debt obligations (based on final maturity dates) including trust preferred securities are as follows:
In millions of dollars20212022202320242025ThereafterTotal
Citigroup Inc.$15,605 $13,159 $14,805 $12,329 $13,733 $100,933 $170,564 
Bank18,577 14,608 2,685 4,588 501 3,782 44,741 
Broker-dealer9,139 8,978 8,557 4,089 4,643 20,975 56,381 
Total$43,321 $36,745 $26,047 $21,006 $18,877 $125,690 $271,686 
Summary of outstanding trust preferred securities
The following table summarizes Citi’s outstanding trust preferred securities at December 31, 2020:
      Junior subordinated debentures owned by trust
TrustIssuance
date		Securities
issued
Liquidation
value(1)
Coupon
rate(2)
Common
shares
issued
to parent		AmountMaturityRedeemable
by issuer
beginning
 In millions of dollars, except securities and share amounts
Citigroup Capital IIIDec. 1996194,053 $194 7.625 %6,003 $200 Dec. 1, 2036Not redeemable
Citigroup Capital XIIISept. 201089,840,000 2,246 
3 mo LIBOR + 637 bps
1,000 2,246 Oct. 30, 2040Oct. 30, 2015
Citigroup Capital XVIIIJune 200799,901 137 
3 mo Sterling LIBOR + 88.75 bps
50 137 June 28, 2067June 28, 2017
Total obligated  $2,577  $2,583   

Note: Distributions on the trust preferred securities and interest on the subordinated debentures are payable semiannually for Citigroup Capital III and Citigroup Capital XVIII and quarterly for Citigroup Capital XIII.
(1)Represents the notional value received by outside investors from the trusts at the time of issuance. This differs from Citi’s balance sheet carrying value due primarily to unamortized discount and issuance costs.
(2)In each case, the coupon rate on the subordinated debentures is the same as that on the trust preferred securities.