INTEREST REVENUE AND EXPENSE (Tables)

6 Months Ended

Jun. 30, 2021

Banking and Thrift, Interest [Abstract]

Interest revenue and Interest expense consisted of the following:


	Three Months Ended June 30,				Six Months Ended June 30,
In millions of dollars	2021		2020		2021		2020
Interest revenue
Loan interest, including fees	$	8,733	$	10,149	$	17,642	$	21,399
Deposits with banks	126		159		271		686
Securities borrowed and purchased under agreements to resell	205		401		499		1,609
Investments, including dividends	1,818		2,097		3,570		4,378
Trading account assets(1)	1,470		1,673		2,807		3,263
Other interest-bearing assets	111		110		208		393
Total interest revenue	$	12,463	$	14,589	$	24,997	$	31,728
Interest expense
Deposits(2)	$	955	$	1,469	$	2,007	$	4,083
Securities loaned and sold under agreements to repurchase	260		453		513		1,538
Trading account liabilities(1)	150		144		264		383
Short-term borrowings and other interest-bearing liabilities	31		140		62		524
Long-term debt	868		1,303		1,786		2,628
Total interest expense	$	2,264	$	3,509	$	4,632	$	9,156
Net interest revenue	$	10,199	$	11,080	$	20,365	$	22,572
Provision (benefit) for credit losses on loans	(1,126)		7,990		(2,605)		14,367
Net interest revenue after provision for credit losses on loans	$	11,325	$	3,090	$	22,970	$	8,205

(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 $279 million and $270 million for the three months ended June 30, 2021 and 2020, respectively, and $619 million

and $495 million for the six months ended June 30, 2021 and 2020, respectively.