COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES (Tables)

12 Months Ended

Dec. 31, 2021

Other Income and Expenses [Abstract]

The following table presents Commissions and fees revenue:


	2021								2020								2019
In millions of dollars	ICG		GCB		Corp/Other		Total		ICG		GCB		Corp/Other		Total		ICG		GCB		Corp/Other		Total
Investment banking	$	6,007	$	—	$	—	$	6,007	$	4,483	$	—	$	—	$	4,483	$	3,767	$	—	$	—	$	3,767
Brokerage commissions	2,080		1,156		—		3,236		1,986		974		—		2,960		1,771		841		—		2,612
Credit card and bank card income
Interchange fees	817		9,004		—		9,821		703		7,301		—		8,004		1,222		8,621		—		9,843
Card-related loan fees	28		667		—		695		23		626		—		649		60		718		—		778
Card rewards and partner payments(1)	(405)		(9,830)		—		(10,235)		(380)		(8,293)		—		(8,673)		(691)		(8,883)		—		(9,574)
Deposit-related fees(2)	1,044		287		—		1,331		958		376		—		1,334		1,048		470		—		1,518
Transactional service fees	1,003		95		—		1,098		886		88		—		974		824		123		—		947
Corporate finance(3)	709		—		—		709		457		—		—		457		616		—		—		616
Insurance distribution revenue	11		462		—		473		11		492		—		503		12		524		—		536
Insurance premiums	—		94		—		94		—		125		—		125		—		186		—		186
Loan servicing	43		40		15		98		82		30		25		137		78		55		21		154
Other	104		237		4		345		118		310		4		432		99		261		3		363
Total commissions and fees(4)	$	11,441	$	2,212	$	19	$	13,672	$	9,327	$	2,029	$	29	$	11,385	$	8,806	$	2,916	$	24	$	11,746

(1)Citi’s consumer credit card programs have certain partner-sharing agreements that vary by partner. These agreements are subject to contractually based performance thresholds that, if met, would require Citi to make ongoing payments to the partner. The threshold is based on the profitability of a program and is generally calculated based on predefined program revenues less predefined program expenses. In most of Citi’s partner-sharing agreements, program expenses include net credit losses and, to the extent that the increase in net credit losses reduces Citi’s liability for the partners’ share for a given program year, would generally result in lower payments to partners in total for that year and vice versa. Further, in some instances, other partner payments are based on program sales and new account acquisitions.

(2)Includes overdraft fees of $107 million, $100 million and $127 million for the years ended December 31, 2021, 2020 and 2019, respectively. Overdraft fees are accounted for under ASC 310.

(3)Consists primarily of fees earned from structuring and underwriting loan syndications or related financing activity. This activity is accounted for under ASC 310.

(4)Commissions and fees include $(8,516) million, $(7,160) million and $(7,695) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the years ended December 31, 2021, 2020 and 2019, respectively. Amounts reported in Commissions and fees accounted for under other guidance primarily include card-related loan fees, card reward programs and certain partner payments, corporate finance fees, insurance premiums and loan servicing fees.

The following table presents Administration and other fiduciary fees revenue:


	2021								2020								2019
In millions of dollars	ICG		GCB		Corp/Other		Total		ICG		GCB		Corp/Other		Total		ICG		GCB		Corp/Other		Total
Custody fees	$	1,872	$	25	$	1	$	1,898	$	1,590	$	29	$	38	$	1,657	$	1,453	$	16	$	73	$	1,542
Fiduciary fees	798		659		7		1,464		668		602		4		1,274		647		621		28		1,296
Guarantee fees	569		8		4		581		529		7		5		541		558		8		7		573
Total administration and other fiduciary fees(1)	$	3,239	$	692	$	12	$	3,943	$	2,787	$	638	$	47	$	3,472	$	2,658	$	645	$	108	$	3,411

(1) Administration and other fiduciary fees include $581 million, $541 million and $573 million for the years ended December 31, 2021, 2020 and 2019, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.