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ALLOWANCE FOR CREDIT LOSSES
 6 Months Ended
Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]  
ALLOWANCE FOR CREDIT LOSSES ALLOWANCE FOR CREDIT LOSSES
 
Three Months Ended June 30,Six Months Ended June 30,
In millions of dollars2022202120222021
Allowance for credit losses on loans (ACLL) at beginning of period$15,393 $21,638 $16,455 $24,956 
Adjusted ACLL at beginning of period$15,393 $21,638 $16,455 $24,956 
Gross credit losses on loans$(1,212)$(1,844)$(2,452)$(4,052)
Gross recoveries on loans362 524 730 984 
Net credit losses on loans (NCLs) $(850)$(1,320)$(1,722)$(3,068)
Replenishment of NCLs$850 $1,320 $1,722 $3,068 
Net reserve builds (releases) for loans520 (2,184)(260)(5,252)
Net specific reserve builds (releases) for loans14 (262)182 (421)
Total provision for credit losses on loans (PCLL)$1,384 $(1,126)$1,644 $(2,605)
Other, net (see table below)25 46 (425)(45)
ACLL at end of period$15,952 $19,238 $15,952 $19,238 
Allowance for credit losses on unfunded lending commitments (ACLUC) at beginning of period(1)
$2,343 $2,012 $1,871 $2,655 
Provision (release) for credit losses on unfunded lending commitments(159)44 315 (582)
Other, net
9 17 7 — 
ACLUC at end of period(1)
$2,193 $2,073 $2,193 $2,073 
Total allowance for credit losses on loans, leases and unfunded
lending commitments(2)
$18,145 $21,311 $18,145 $21,311 

Other, net detailsThree Months Ended June 30,Six Months Ended June 30,
In millions of dollars2022202120222021
Reclasses of consumer ACLL to HFS(3)
$— $— $(350)$— 
FX translation and other25 46 (75)(45)
Other, net$25 $46 $(425)$(45)

(1)    Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
(2)    See below for ACL on HTM debt securities and Other assets.
(3)    See Note 2.
Allowance for Credit Losses on Loans and End-of-Period Loans

Three Months Ended
June 30, 2022June 30, 2021
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$3,025 $12,368 $15,393 $3,542 $18,096 $21,638 
Charge-offs(57)(1,155)(1,212)(137)(1,707)(1,844)
Recoveries34 328 362 60 464 524 
Replenishment of NCLs23 827 850 77 1,243 1,320 
Net reserve builds (releases)(128)648 520 (751)(1,433)(2,184)
Net specific reserve builds (releases)49 (35)14 (112)(150)(262)
Other23 2 25 (7)53 46 
Ending balance$2,969 $12,983 $15,952 $2,672 $16,566 $19,238 
Six Months Ended
June 30, 2022June 30, 2021
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$2,415 $14,040 $16,455 $4,776 $20,180 $24,956 
Charge-offs(105)(2,347)(2,452)(336)(3,716)(4,052)
Recoveries51 679 730 74 910 984 
Replenishment of NCLs54 1,668 1,722 262 2,806 3,068 
Net reserve builds (releases)249 (509)(260)(1,944)(3,308)(5,252)
Net specific reserve builds (releases)273 (91)182 (146)(275)(421)
Other32 (457)(425)(14)(31)(45)
Ending balance$2,969 $12,983 $15,952 $2,672 $16,566 $19,238 


June 30, 2022December 31, 2021
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL   
Collectively evaluated$2,409 $12,431 $14,840 $2,203 $13,227 $15,430 
Individually evaluated 560 550 1,110 212 813 1,025 
Purchased credit deteriorated— 2 2 — — — 
Total ACLL$2,969 $12,983 $15,952 $2,415 $14,040 $16,455 
Loans, net of unearned income
Collectively evaluated$295,545 $352,683 $648,228 $283,610 $372,655 $656,265 
Individually evaluated 1,655 2,807 4,462 1,553 3,748 5,301 
Purchased credit deteriorated— 107 107 — 119 119 
Held at fair value4,528 8 4,536 6,070 12 6,082 
Total loans, net of unearned income$301,728 $355,605 $657,333 $291,233 $376,534 $667,767 
Allowance for Credit Losses on HTM Debt Securities

Three Months Ended June 30, 2022
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-backedTotal HTM
Allowance for credit losses on HTM debt securities
at beginning of quarter		$4 $79 $2 $— $85 
Gross credit losses— — — — — 
Gross recoveries— — — — — 
Net credit losses (NCLs)$— $— $— $— $— 
Replenishment of NCLs$— $— $— $— $— 
Net reserve builds (releases)(2)14 1 7 20 
Net specific reserve builds (releases)— — — — — 
Total provision for credit losses on HTM debt securities$(2)$14 $1 $7 $20 
Allowance for credit losses on HTM debt securities
at end of quarter		$2 $93 $3 $7 $105 
Six Months Ended June 30, 2022
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-backedTotal HTM
Allowance for credit losses on HTM debt securities
at beginning of year		$6 $75 $4 $2 $87 
Gross credit losses— — — — — 
Gross recoveries— — — — — 
Net credit losses (NCLs)$— $— $— $— $— 
Replenishment of NCLs$— $— $— $— $— 
Net reserve builds (releases)(4)18 (1)5 18 
Net specific reserve builds (releases)— — — — — 
Total provision for credit losses on HTM debt securities$(4)$18 $(1)$5 $18 
Allowance for credit losses on HTM debt securities
at end of quarter		$2 $93 $3 $7 $105 
Allowance for Credit Losses on HTM Debt Securities

Three Months Ended June 30, 2021
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-backedTotal HTM
Allowance for credit losses on HTM debt securities
at beginning of quarter		$4 $69 $5 $— $78 
Gross credit losses— — — — — 
Gross recoveries— — — — — 
Net credit losses (NCLs)$— $— $— $— $— 
Replenishment of NCLs$— $— $— $— $— 
Net reserve builds (releases)1 3 — — 4 
Net specific reserve builds (releases)— — — — — 
Total provision for credit losses on HTM debt securities$1 $3 $— $— $4 
Other, net$— $— $— $1 $1 
Allowance for credit losses on HTM debt securities
at end of quarter		$5 $72 $5 $1 $83 
Six Months Ended June 30, 2021
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-
backed		Total HTM
Allowance for credit losses on HTM debt securities
at beginning of year		$3 $74 $6 $3 $86 
Gross credit losses— — — — — 
Gross recoveries3 — — — 3 
Net credit losses (NCLs)$3 $— $— $— $3 
Replenishment of NCLs$(3)$— $— $— $(3)
Net reserve builds2 (2)(1)(3)(4)
Net specific reserve builds (releases)— — — — — 
Total provision for credit losses on HTM debt securities$(1)$(2)$(1)$(3)$(7)
Other, net$— $— $— $1 $1 
Allowance for credit losses on HTM debt securities
at end of quarter		$5 $72 $5 $1 $83 
Allowance for Credit Losses on Other Assets

Three Months Ended June 30, 2022
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell		Brokerage receivables
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of quarter		$15 $4 $— $24 $43 
Gross credit losses— — — (8)(8)
Gross recoveries— — — 2 2 
Net credit losses (NCLs)$— $— $— $(6)$(6)
Replenishment of NCLs$— $— $— $6 $6 
Net reserve builds (releases)2 (8)— 7 1 
Total provision for credit losses$2 $(8)$— $13 $7 
Other, net(2)
$— $31 $— $(1)$30 
Allowance for credit losses on other assets
at end of quarter		$17 $27 $— $30 $74 
Six Months Ended June 30, 2022
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell		Brokerage receivables
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of year		$21 $6 $— $26 $53 
Gross credit losses— — — (15)(15)
Gross recoveries— — — 2 2 
Net credit losses (NCLs)$— $— $— $(13)$(13)
Replenishment of NCLs$— $— $— $13 $13 
Net reserve builds (releases)(4)(10)— 4 (10)
Total provision for credit losses$(4)$(10)$— $17 $3 
Other, net(2)
$— $31 $— $— $31 
Allowance for credit losses on other assets
at end of quarter		$17 $27 $— $30 $74 

(1)Primarily accounts receivable.
(2)Includes $30 million of ACL transferred from ICG loans ACL as of June 30, 2022 for securities borrowed and purchased under agreements to resell.
Allowance for Credit Losses on Other Assets

Three Months Ended June 30, 2021
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell		Brokerage receivables
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of quarter		$28 $5 $— $30 $63 
Gross credit losses— — — — — 
Gross recoveries— — — — — 
Net credit losses (NCLs)$— $— $— $— $— 
Replenishment of NCLs$— $— $— $— $— 
Net reserve builds (releases)(4)3 — (2)(3)
Total provision for credit losses$(4)$3 $— $(2)$(3)
Other, net$— $— $— $— $— 
Allowance for credit losses on other assets
at end of quarter		$24 $8 $— $28 $60 
 
Six Months Ended June 30, 2021
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell		Brokerage receivables
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of year		$20 $10 $— $25 $55 
Gross credit losses— — — — — 
Gross recoveries— — — — — 
Net credit losses (NCLs)$— $— $— $— $— 
Replenishment of NCLs$— $— $— $— $— 
Net reserve builds (releases)5 (2)— 3 6 
Total provision for credit losses$5 $(2)$— $3 $6 
Other, net$(1)$— $— $— $(1)
Allowance for credit losses on other assets
at end of year		$24 $8 $— $28 $60 

(1)    Primarily accounts receivable.
For ACL on AFS debt securities, see Note 12.