INTEREST REVENUE AND EXPENSE

9 Months Ended

Sep. 30, 2021

Banking and Thrift, Interest [Abstract]

Interest revenue and Interest expense consisted of the following:


	Three Months Ended September 30,				Nine Months Ended September 30,
In millions of dollars	2021		2020		2021		2020
Interest revenue
Loan interest, including fees	$	8,874	$	9,421	$	26,516	$	30,820
Deposits with banks	147		116		418		802
Securities borrowed and purchased under agreements to resell	264		352		763		1,961
Investments, including dividends	1,885		1,870		5,455		6,248
Trading account assets(1)	1,284		1,457		4,091		4,720
Other interest-bearing assets	196		98		404		491
Total interest revenue	$	12,650	$	13,314	$	37,647	$	45,042
Interest expense
Deposits(2)	$	1,023	$	1,293	$	3,030	$	5,376
Securities loaned and sold under agreements to repurchase	287		292		800		1,830
Trading account liabilities(1)	106		123		370		506
Short-term borrowings and other interest-bearing liabilities	8		88		70		612
Long-term debt	828		1,025		2,614		3,653
Total interest expense	$	2,252	$	2,821	$	6,884	$	11,977
Net interest revenue	$	10,398	$	10,493	$	30,763	$	33,065
Provision (benefit) for credit losses on loans	(188)		1,931		(2,793)		16,298
Net interest revenue after provision for credit losses on loans	$	10,586	$	8,562	$	33,556	$	16,767

(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 $293 million and $375 million for the three months ended September 30, 2021 and 2020, respectively, and $912 million and $870 million for the nine months ended September 30, 2021 and 2020, respectively.