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COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES
 6 Months Ended
Jun. 30, 2022
Other Income and Expenses [Abstract]  
COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES
For additional information on Citi’s commissions and fees, and administration and other fiduciary fees, see Note 5 to the Consolidated Financial Statements in Citi’s 2021 Form 10-K.

The following tables present Commissions and fees revenue:

Three Months Ended June 30, 2022Six Months Ended June 30, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Investment banking$845 $— $— $845 $1,753 $— $— $1,753 
Brokerage commissions393 213 53 659 853 454 121 1,428 
Credit and bank card income
Interchange fees321 2,435 227 2,983 561 4,534 448 5,543 
Card-related loan fees11 73 79 163 20 137 160 317 
Card rewards and partner payments(1)
(165)(2,871)(160)(3,196)(282)(5,370)(332)(5,984)
Deposit-related fees(2)
279 44 19 342 546 103 36 685 
Transactional service fees267 5 26 298 521 9 52 582 
Corporate finance(3)
136 — — 136 252 3 — 255 
Insurance distribution revenue— 56 33 89 — 108 69 177 
Insurance premiums— 1 22 23 — 2 46 48 
Loan servicing7 12 4 23 19 22 7 48 
Other3 49 35 87 2 97 69 168 
Total commissions and fees(4)
$2,097 $17 $338 $2,452 $4,245 $99 $676 $5,020 

Three Months Ended June 30, 2021Six Months Ended June 30, 2021
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Investment banking$1,386 $— $— $1,386 $3,010 $— $— $3,010 
Brokerage commissions447 277 97 821 968 566 229 1,763 
Credit and bank card income
Interchange fees197 2,061 212 2,470 355 3,755 424 4,534 
Card-related loan fees6 74 97 177 11 151 197 359 
Card rewards and partner payments(1)
(104)(2,301)(110)(2,515)(179)(4,258)(249)(4,686)
Deposit-related fees(2)
257 42 26 325 500 96 58 654 
Transactional service fees242 6 29 277 474 11 57 542 
Corporate finance(3)
180 — — 180 335 3 — 338 
Insurance distribution revenue— 76 37 113 — 159 89 248 
Insurance premiums— 6 24 30 — 8 42 50 
Loan servicing11 8 5 24 23 15 9 47 
Other8 43 35 86 17 98 70 185 
Total commissions and fees(4)
$2,630 $292 $452 $3,374 $5,514 $604 $926 $7,044 

(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 $28 million and $24 million for the three months ended June 30, 2022 and 2021, respectively, and $59 million and $47 million for the six months ended June 30, 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 $(2,811) million and $(2,073) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three months ended June 30, 2022 and 2021, respectively, and $(5,240) million and $(3,822) million for the six months ended June 30, 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 June 30, 2022Six Months Ended June 30, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Custody fees$506 $22 $2 $530 $952 $45 $5 $1,002 
Fiduciary fees68 196 79 343 133 401 159 693 
Guarantee fees134 14 2 150 266 24 4 294 
Total administration and other fiduciary fees(1)
$708 $232 $83 $1,023 $1,351 $470 $168 $1,989 

Three Months Ended June 30, 2021Six Months Ended June 30, 2021
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Custody fees$476 $24 $3 $503 $908 $45 $7 $960 
Fiduciary fees61 200 111 372 123 392 216 731 
Guarantee fees133 11 3 147 266 22 4 292 
Total administration and other fiduciary fees(1)
$670 $235 $117 $1,022 $1,297 $459 $227 $1,983 

(1)    Administration and other fiduciary fees include $150 million and $147 million for the three months ended June 30, 2022 and 2021, respectively, and $294 million and $292 million for the six months ended June 30, 2022 and 2021, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.