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COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES (Tables)
 3 Months Ended
Mar. 31, 2022
Other Income and Expenses [Abstract]  
Schedule of commissions, fees, administration and other fiduciary fees revenue
The following tables present Commissions and fees revenue:

Three Months Ended March 31, 2022
In millions of dollarsICGPBWMLegacy FranchisesCorporate/OtherTotal
Investment banking$908 $— $— $— $908 
Brokerage commissions460 240 67 — 767 
Credit and bank card income
Interchange fees240 2,099 221 — 2,560 
Card-related loan fees9 64 81 — 154 
Card rewards and partner payments(1)
(118)(2,499)(172)— (2,789)
Deposit-related fees(2)
267 59 18 — 344 
Transactional service fees254 4 26 — 284 
Corporate finance(3)
116 3 — — 119 
Insurance distribution revenue— 52 36 — 88 
Insurance premiums— 1 25 — 26 
Loan servicing12 10 4 — 26 
Other(1)47 35 — 81 
Total commissions and fees(4)
$2,147 $80 $341 $— $2,568 

Three Months Ended March 31, 2021
In millions of dollarsICGPBWMLegacy FranchisesCorporate/OtherTotal
Investment banking$1,624 $— $— $— $1,624 
Brokerage commissions521 289 132 — 942 
Credit and bank card income
Interchange fees158 1,694 212 — 2,064 
Card-related loan fees5 78 99 — 182 
Card rewards and partner payments(1)
(75)(1,956)(140)— (2,171)
Deposit-related fees(2)
242 55 32 — 329 
Transactional service fees232 5 28 — 265 
Corporate finance(3)
155 3 — — 158 
Insurance distribution revenue— 83 52 — 135 
Insurance premiums— 1 19 — 20 
Loan servicing12 7 4 — 23 
Other10 56 33 — 99 
Total commissions and fees(4)
$2,884 $315 $471 $— $3,670 

(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 $32 million and $24 million for the three months ended March 31, 2022 and 2021, 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 $(2,427) million and $(1,749) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three months ended March 31, 2022 and 2021, 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 tables present Administration and other fiduciary fees revenue:

Three Months Ended March 31, 2022
In millions of dollarsICGPBWMLegacy FranchisesCorporate/OtherTotal
Custody fees$447 $23 $3 $— $473 
Fiduciary fees64 205 80 — 349 
Guarantee fees132 10 2 — 144 
Total administration and other fiduciary fees(1)
$643 $238 $85 $— $966 

Three Months Ended March 31, 2021
In millions of dollarsICGPBWMLegacy FranchisesCorporate/OtherTotal
Custody fees$432 $21 $4 $— $457 
Fiduciary fees61 191 107 — 359 
Guarantee fees132 11 2 — 145 
Total administration and other fiduciary fees(1)
$625 $223 $113 $— $961 

(1)    Administration and other fiduciary fees include $144 million and $145 million for the three months ended March 31, 2022 and 2021, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.