LOANS (Tables)

6 Months Ended

Jun. 30, 2022

Consumer

Financing Receivable, Credit Quality Indicator [Line Items]

Schedule of loan delinquency and non-accrual details

Consumer Loans, Delinquencies and Non-Accrual Status

In millions of dollars at June 30, 2022	Total current(1)(2)		30–89  days past  due(3)(4)		≥ 90 days past  due(3)(4)		Past due government guaranteed(5)		Total loans		Non-accrual loans for which there is no ACLL		Non-accrual loans for which there is an ACLL		Total non-accrual		90 days  past due and accruing
In North America offices(6)
Residential first mortgages(7)	$	87,675	$	341	$	363	$	283	$	88,662	$	83	$	467	$	550	$	179
Home equity loans(8)(9)	4,892		29		153		—		5,074		57		183		240		—
Credit cards	135,454		1,009		949		—		137,412		—		—		—		949
Personal, small business and other(10)	39,320		72		25		19		39,436		2		14		16		26
Total	$	267,341	$	1,451	$	1,490	$	302	$	270,584	$	142	$	664	$	806	$	1,154
In offices outside North America(6)
Residential mortgages(7)(9)	$	27,988	$	50	$	91	$	—	$	28,129	$	—	$	290	$	290	$	10
Credit cards	11,610		123		125		—		11,858		—		98		98		52
Personal, small business and other(10)	44,860		104		70		—		45,034		—		186		186		—
Total	$	84,458	$	277	$	286	$	—	$	85,021	$	—	$	574	$	574	$	62
Total Citigroup(11)	$	351,799	$	1,728	$	1,776	$	302	$	355,605	$	142	$	1,238	$	1,380	$	1,216

(1)Loans less than 30 days past due are presented as current.

(2)Includes $8 million of residential first mortgages recorded at fair value.

(3)Excludes loans guaranteed by U.S. government-sponsored agencies. Excludes delinquencies on $33.9 billion and $20.9 billion of classifiably managed Private bank loans in North America and outside of North America, respectively.

(4)Loans modified under Citi’s consumer relief programs continue to be reported in the same delinquency bucket they were in at the time of modification. Most modified loans in North America would not be reported as 30–89 or 90+ days past due for the duration of the programs (which have various durations, and certain of which may be renewed).

(5)Consists of loans that are guaranteed by U.S. government-sponsored agencies that are 30–89 days past due of $0.1 billion and 90 days or more past due of $0.2 billion.

(6)North America includes the U.S., Canada and Puerto Rico. Mexico is included in offices outside North America.

(7)Includes approximately $0.1 billion and $0.0 billion of residential first mortgage loans in process of foreclosure in North America and outside of North America, respectively, and $19.6 billion of residential mortgages outside of North America related to the Global Wealth business.

(8)Includes approximately $0.1 billion of home equity loans in process of foreclosure.

(9)Fixed-rate home equity loans and loans extended under home equity lines of credit, which are typically in junior lien positions.

(10)Includes loans related to the Global Wealth business: $36.3 billion in North America, approximately $33.9 billion of which are classifiably managed, and as of June 30, 2022 approximately 95% were rated investment grade; and $30.6 billion outside of North America, approximately $20.9 billion of which are classifiably managed, and as of June 30, 2022 approximately 93% were rated investment grade. The classifiably managed portion of these loans is shown as “current” because the delinquency status is not applicable, since these loans are primarily evaluated for credit risk based on their internal risk classification.

(11)Consumer loans are net of unearned income of $631 million. Unearned income on consumer loans primarily represents unamortized origination fees and costs, premiums and discounts.

Consumer Loans, Delinquencies and Non-Accrual Status

In millions of dollars at December 31, 2021	Total current(1)(2)		30–89 days past due(3)(4)(5)		≥ 90 days past due(3)(4)(5)		Past due government guaranteed(5)(6)		Total loans		Non-accrual loans for which there is no ACLL		Non-accrual loans for which there is an ACLL		Total non-accrual		90 days  past due and accruing
In North America offices(7)
Residential first mortgages(8)	$	82,087	$	381	$	499	$	394	$	83,361	$	134	$	559	$	693	$	282
Home equity loans(9)(10)	5,546		43		156		—		5,745		64		221		285		—
Credit cards	132,050		947		871		—		133,868		—		—		—		871
Personal, small business and other(11)	40,533		126		16		38		40,713		2		70		72		30
Total	$	260,216	$	1,497	$	1,542	$	432	$	263,687	$	200	$	850	$	1,050	$	1,183
In offices outside North America(7)
Residential mortgages(8)	$	37,566	$	165	$	158	$	—	$	37,889	$	—	$	409	$	409	$	10
Credit cards	17,428		192		188		—		17,808		—		140		140		133
Personal, small business and other(11)	56,930		145		75		—		57,150		—		227		227		—
Total	$	111,924	$	502	$	421	$	—	$	112,847	$	—	$	776	$	776	$	143
Total Citigroup(12)	$	372,140	$	1,999	$	1,963	$	432	$	376,534	$	200	$	1,626	$	1,826	$	1,326

(1)Loans less than 30 days past due are presented as current.

(2)Includes $12 million of residential first mortgages recorded at fair value.

(3)Excludes loans guaranteed by U.S. government-sponsored agencies. Excludes $35.3 billion and $24.5 billion of classifiably managed Private bank loans in North America and outside of North America, respectively.

(4)Loans modified under Citi’s consumer relief programs continue to be reported in the same delinquency bucket they were in at the time of modification, and thus almost all would not be reported as 30–89 or 90+ days past due for the duration of the programs (which have various durations, and certain of which may be renewed).

(5)Conformed to be consistent with the current period’s delineation between delinquency-managed and classifiably managed loans.

(6)Consists of loans that are guaranteed by U.S. government-sponsored agencies that are 30–89 days past due of $0.1 billion and 90 days or more past due of $0.3 billion.

(7)North America includes the U.S., Canada and Puerto Rico. Mexico is included in offices outside North America.

(8)Includes approximately $0.1 billion of residential first mortgage loans in process of foreclosure, and $19.8 billion of residential mortgages outside of North America related to the Global Wealth reporting unit.

(9)Includes approximately $0.1 billion of home equity loans in process of foreclosure.

(10)Fixed-rate home equity loans and loans extended under home equity lines of credit, which are typically in junior lien positions.

(11)Includes loans related to the Global Wealth business: $37.9 billion in North America, approximately $35.3 billion of which are classifiably managed, and as of December 31, 2021 approximately 95% were rated investment grade; and $34.6 billion outside of North America, approximately $24.5 billion of which are classifiably managed and as of December 31, 2021 94% of these loans were rated investment grade. The classifiably managed portion of these loans is shown as “current” because the delinquency status is not applicable, since these loans are primarily evaluated for credit risk based on their internal risk classification.

(12)Consumer loans are net of unearned income of $629 million. Unearned income on consumer loans primarily represents unamortized origination fees and costs, premiums and discounts.

Interest Income Recognized for Non-Accrual Consumer Loans

In millions of dollars	Three Months Ended June 30, 2022		Three Months Ended June 30, 2021		Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
In North America offices(1)
Residential first mortgages	$	3	$	3	$	6	$	7
Home equity loans	1		2		2		4
Credit cards	—		—		—		—
Personal, small business and other	1		—		1		—
Total	$	5	$	5	$	9	$	11
In offices outside North America(1)
Residential mortgages	$	—	$	—	$	—	$	—
Credit cards	—		—		—		—
Personal, small business and other	—		—		—		—
Total	$	—	$	—	$	—	$	—
Total Citigroup	$	5	$	5	$	9	$	11

(1)North America includes the U.S., Canada and Puerto Rico. Mexico is included in offices outside North America.

Schedule of loans credit quality indicators

The following tables provide details on the Fair Isaac Corporation (FICO) scores for Citi’s U.S. consumer loan portfolio based on end-of-period receivables by year of origination. FICO scores are updated monthly for substantially all of the portfolio or, otherwise, on a quarterly basis for the remaining portfolio. For Citi’s $86.6 billion and $114.3 billion in the consumer loan portfolio outside of the U.S. as of June 30, 2022 and December 31, 2021, respectively, various country-specific or regional credit risk metrics and acquisition and behavior scoring models are leveraged as one of the factors to evaluate the credit quality of customers (for additional information on loans outside of the U.S., see “Consumer Loans and Ratios Outside of North America” below). As a result, details of relevant credit quality indicators for those loans are not comparable to the below FICO score distribution for the U.S. portfolio.

FICO score distribution—U.S. portfolio(1)(2)	June 30, 2022
In millions of dollars	Less than 680		680 to 760		Greater than 760		Classifiably managed(3)		FICO not available(4)		Total loans
Residential first mortgages
2022	$	293	$	3,639	$	7,637
2021	728		6,387		12,488
2020	485		4,978		10,931
2019	322		2,772		5,504
2018	375		1,067		2,004
Prior	2,175		7,012		13,549
Total residential first mortgages	$	4,378	$	25,855	$	52,113	$	—	$	6,316	$	88,662
Home equity loans (pre-reset)	$	240	$	965	$	1,344
Home equity loans (post-reset)	541		934		1,010
Total home equity loans	$	781	$	1,899	$	2,354	$	—	$	40	$	5,074
Credit cards(5)	$	24,233	$	53,858	$	56,987	$	—	$	1,776	$	136,854
Personal, small business and other
2022	$	65	$	185	$	302
2021	94		221		308
2020	18		29		44
2019	30		36		45
2018	19		20		21
Prior	121		188		158
Total personal, small business and other(6)	$	347	$	679	$	878	$	33,935	$	2,618	$	38,457
Total	$	29,739	$	82,291	$	112,332	$	33,935	$	10,750	$	269,047

FICO score distribution—U.S. portfolio(1)(2)	December 31, 2021
In millions of dollars	Less than 680		680 to 760		Greater than 760		Classifiably managed(3)		FICO not available(4)		Total loans
Residential first mortgages
2021	$	626	$	6,729	$	12,349
2020	508		5,102		12,153
2019	373		3,074		6,167
2018	394		1,180		2,216
2017	343		1,455		2,568
Prior	2,053		6,540		12,586
Total residential first mortgages	$	4,297	$	24,080	$	48,039	$	—	$	6,945	$	83,361
Home equity loans (pre-reset)	$	263	$	1,030	$	1,539
Home equity loans (post-reset)	639		1,047		1,160
Total home equity loans	$	902	$	2,077	$	2,699	$	—	$	67	$	5,745
Credit cards(5)	$	23,115	$	52,907	$	55,137	$	—	$	2,192	$	133,351
Personal, small business and other
2021	$	59	$	201	$	319
2020	22		41		64
2019	42		53		68
2018	34		35		37
2017	7		8		9
Prior	120		179		143
Total personal, small business and other(6)	$	284	$	517	$	640	$	35,324	$	3,041	$	39,806
Total	$	28,598	$	79,581	$	106,515	$	35,324	$	12,245	$	262,263

(1)    The FICO bands in the tables are consistent with general industry peer presentations.

(2)    FICO scores are updated on either a monthly or quarterly basis. For updates that are made only quarterly, certain current-period loans by year of origination are greater than those disclosed in the prior periods. Loans that did not have FICO scores as of the prior period have been updated with FICO scores as they become available.

(3)    These personal, small business and other loans without a FICO score available include $33.9 billion and $35.3 billion of Private bank loans as of June 30, 2022 and December 31, 2021, respectively, which are classifiably managed within Global Wealth and are primarily evaluated for credit risk based on their internal risk ratings. As of June 30, 2022 and December 31, 2021, approximately 95% and 95% of these loans, respectively, were rated investment grade.

(4)    FICO scores not available related to loans guaranteed by government-sponsored enterprises for which FICO scores are generally not utilized.

(5)    Excludes $558 million and $517 million of balances related to Canada for June 30, 2022 and December 31, 2021, respectively.

(6)    Excludes $979 million and $907 million of balances related to Canada for June 30, 2022 and December 31, 2021, respectively.

The following tables provide details on the LTV ratios for Citi’s U.S. consumer mortgage portfolio by year of origination. LTV ratios are updated monthly using the most recent Core Logic Home Price Index data available for substantially all of the portfolio applied at the Metropolitan Statistical Area level, if available, or the state level if not. The remainder of the portfolio is updated in a similar manner using the Federal Housing Finance Agency indices.

LTV distribution—U.S. portfolio	June 30, 2022
In millions of dollars	Less than  or equal to 80%		> 80% but less than or equal to 100%		Greater than 100%		LTV not available		Total
Residential first mortgages
2022	$	9,773	$	2,176	$	13
2021	19,616		1,078		31
2020	17,437		205		—
2019	9,142		129		29
2018	3,777		92		10
Prior	23,993		198		85
Total residential first mortgages(1)	$	83,738	$	3,878	$	168	$	878	$	88,662
Home equity loans (pre-reset)	$	2,389	$	32	$	63
Home equity loans (post-reset)	2,415		28		31
Total home equity loans	$	4,804	$	60	$	94	$	116	$	5,074
Total	$	88,542	$	3,938	$	262	$	994	$	93,736

LTV distribution—U.S. portfolio	December 31, 2021
In millions of dollars	Less than  or equal to 80%		> 80% but less than or equal to 100%		Greater than 100%		LTV not available		Total
Residential first mortgages
2021	$	18,107	$	2,723	$	34
2020	18,715		446		—
2019	10,047		269		29
2018	4,117		136		11
2017	4,804		103		4
Prior	22,161		128		14
Total residential first mortgages(1)	$	77,951	$	3,805	$	92	$	1,513	$	83,361
Home equity loans (pre-reset)	$	2,637	$	46	$	69
Home equity loans (post-reset)	2,751		52		32
Total home equity loans	$	5,388	$	98	$	101	$	158	$	5,745
Total	$	83,339	$	3,903	$	193	$	1,671	$	89,106

(1)Residential first mortgages with no LTV information available are primarily due to government-guaranteed loans that do not require LTV information for credit risk assessment and fair value loans.

The following tables provide details on the LTV ratios for Citi’s consumer mortgage portfolio outside of the U.S. by year of origination.

LTV distribution—outside of U.S. portfolio(1)	June 30, 2022
In millions of dollars	Less than  or equal to 80%		> 80% but less than or equal to 100%		Greater than 100%		LTV not available		Total
Residential mortgages
2022	$	1,684	$	431	$	21
2021	4,685		913		3
2020	4,189		267		—
2019	3,537		71		1
2018	2,448		7		—
Prior	9,791		40		12
Total	$	26,334	$	1,729	$	37	$	29	$	28,129

LTV distribution—outside of U.S. portfolio(1)	December 31, 2021
In millions of dollars	Less than  or equal to 80%		> 80% but less than or equal to 100%		Greater than 100%		LTV not available		Total
Residential mortgages
2021	$	6,334	$	989	$	—
2020	5,996		292		—
2019	5,293		116		1
2018	3,729		32		—
2017	2,739		38		—
Prior	12,190		102		14
Total	$	36,281	$	1,569	$	15	$	24	$	37,889

(1)Mortgage portfolios outside of the U.S. are primarily in Global Wealth. As of June 30, 2022 and December 31, 2021, mortgage portfolios outside of the U.S. have an average LTV of approximately 47% and 46%, respectively.

Consumer Loans and Ratios Outside of North America

					Delinquency-managed loans and ratios
In millions of dollars at June 30, 2022	Total loans outside of North America(1)		Classifiably managed loans(2)		Delinquency-managed loans		30–89  days past  due ratio		≥ 90 days past  due ratio		2Q22 NCL ratio		2Q21 NCL ratio
Residential mortgages(3)	$	28,129	$	—	$	28,129	0.18	%	0.32	%	0.04	%	0.10	%
Credit cards	11,858		—		11,858		1.04		1.05		3.08		5.09
Personal, small business and other(4)	45,034		20,889		24,145		0.43		0.29		0.55		1.04
Total	$	85,021	$	20,889	$	64,132	0.43	%	0.45	%	0.72	%	1.39	%
					Delinquency-managed loans and ratios
In millions of dollars at December 31, 2021	Total loans outside of North America(1)		Classifiably managed loans(2)		Delinquency-managed loans		30–89  days past  due ratio		≥ 90 days past  due ratio
Residential mortgages(3)	$	37,889	$	—	$	37,889	0.44	%	0.42	%
Credit cards	17,808		—		17,808		1.08		1.06
Personal, small business and other(4)	57,150		24,482		32,668		0.44		0.23
Total	$	112,847	$	24,482	$	88,365	0.57	%	0.48	%

(1)    Mexico is included in offices outside North America.

(2)    Classifiably managed loans are primarily evaluated for credit risk based on their internal risk classification. As of June 30, 2022 and December 31, 2021, approximately 93% and 94% of these loans, respectively, were rated investment grade.

(3)    Includes $19.6 billion and $19.8 billion as of June 30, 2022 and December 31, 2021, respectively, of residential mortgages related to the Global Wealth business.

(4)    Includes $30.6 billion and $34.6 billion as of June 30, 2022 and December 31, 2021, respectively, of loans related to the Global Wealth business.

Schedule of impaired loans

The following tables present information about impaired consumer loans and interest income recognized on impaired consumer loans:

									Three Months Ended June 30,				Six Months Ended June 30,
	Balance at June 30, 2022								2022		2021		2022		2021
In millions of dollars	Recorded investment(1)(2)		Unpaid principal balance		Related specific allowance(3)(4)		Average carrying value(5)		Interest income recognized(6)		Interest income recognized(6)		Interest income recognized(6)		Interest income recognized(6)
Mortgage and real estate
Residential first mortgages	$	1,179	$	1,290	$	56	$	1,382	$	49	$	21	$	71	$	44
Home equity loans	274		344		(8)		248		2		3		5		5
Credit cards	1,227		1,229		463		1,450		15		33		33		68
Personal, small business and other	127		149		39		295		4		15		7		27
Total	$	2,807	$	3,012	$	550	$	3,375	$	70	$	72	$	116	$	144

	Balance at December 31, 2021
In millions of dollars	Recorded investment(1)(2)		Unpaid principal balance		Related specific allowance(3)(4)		Average carrying value(5)
Mortgage and real estate
Residential first mortgages	$	1,521	$	1,595	$	87	$	1,564
Home equity loans	191		344		(1)		336
Credit cards	1,582		1,609		594		1,795
Personal, small business and other	454		461		133		505
Total	$	3,748	$	4,009	$	813	$	4,200

(1)Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or discount and direct write-downs and includes accrued interest only on credit card loans.

(2)At June 30, 2022, $182 million of residential first mortgages and $84 million of home equity loans do not have a specific allowance. At December 31, 2021, $190 million of residential first mortgages and $94 million of home equity loans do not have a specific allowance because they are accounted for based on collateral value, and that value is in excess of the outstanding loan balance.

(3)Included in the Allowance for credit losses on loans.

(4)The negative allowance on home equity loans resulted from expected recoveries on previously written-off accounts.

(5)Average carrying value represents the average recorded investment ending balance for the last four quarters and does not include the related specific allowance.

(6)Includes amounts recognized on both accrual and cash basis.

Schedule of troubled debt restructurings

Consumer Troubled Debt Restructurings(1)

	For the Three Months Ended June 30, 2022
In millions of dollars, except number of loans modified	Number of loans modified	Post- modification recorded investment(2)(3)		Deferred principal(4)		Contingent principal forgiveness(5)		Principal forgiveness(6)		Average interest rate reduction
North America
Residential first mortgages	279	$	56	$	—	$	—	$	—	—	%
Home equity loans	103	7		—		—		—		—
Credit cards	36,820	157		—		—		—		18
Personal, small business and other	105	1		—		—		—		5
Total(7)	37,307	$	221	$	—	$	—	$	—
International
Residential mortgages	110	$	4	$	—	$	—	$	—	—	%
Credit cards	3,462	13		—		—				27
Personal, small business and other	595	7		—		—		—		8
Total(7)	4,167	$	24	$	—	$	—	$	—
	For the Six Months Ended June 30, 2022
In millions of dollars, except number of loans modified	Number of loans modified	Post- modification recorded investment(2)(8)		Deferred principal(4)		Contingent principal forgiveness(5)		Principal forgiveness(6)		Average interest rate reduction
North America
Residential first mortgages	625	$	137	$	—	$	—	$	—	—	%
Home equity loans	207	16		—		—		—		—
Credit cards	77,560	330		—		—		—		17
Personal, small business and other	251	2		—		—		—		5
Total(7)	78,643	$	485	$	—	$	—	$	—
International
Residential first mortgages	293	$	10	$	—	$	—	$	—	—	%
Credit cards	8,462	35		—		—		1		23
Personal, small business and other	1,267	16		—		—				8
Total(7)	10,022	$	61	$	—	$	—	$	1

	For the Three Months Ended June 30, 2021
In millions of dollars, except number of loans modified	Number of loans modified	Post- modification recorded investment(2)(3)		Deferred principal(4)		Contingent principal forgiveness(5)		Principal forgiveness(6)		Average interest rate reduction
North America
Residential first mortgages	334	$	60	$	—	$	—	$	—	—	%
Home equity loans	53	4		—		—		—		—
Credit cards	36,337	181		—		—		—		17
Personal, small business and other	225	3		—		—		—		3
Total(7)	36,949	$	248	$	—	$	—	$	—
International
Residential mortgages	530	$	28	$	—	$	—	$	—	1	%
Credit cards	18,297	94		—		—		1		12
Personal, small business and other	6,780	57		—		—		2		10
Total(7)	25,607	$	179	$	—	$	—	$	3
	For the Six Months Ended June 30, 2021
In millions of dollars, except number of loans modified	Number of loans modified	Post- modification recorded investment(2)(8)		Deferred principal(4)		Contingent principal forgiveness(5)		Principal forgiveness(6)		Average interest rate reduction
North America
Residential first mortgages	670	$	120	$	—	$	—	$	—	—	%
Home equity loans	112	10				—		—		—
Credit cards	95,383	481		—		—		—		17
Personal, small business and other	686	10		—		—		—		3
Total(7)	96,851	$	621	$	—	$	—	$	—
International
Residential first mortgages	997	$	52	$	—	$	—	$	—	1	%
Credit cards	42,896	196		—		—		8		14
Personal, small business and other	14,318	115		—		—		4		10
Total(7)	58,211	$	363	$	—	$	—	$	12

(1)The above tables do not include loan modifications that meet the TDR relief criteria in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) or the interagency guidance.

(2)Post-modification balances include past-due amounts that are capitalized at the modification date.

(3)Post-modification balances in North America include $0.4 million and $4 million of residential first mortgages to borrowers who have gone through Chapter 7 bankruptcy in the three months ended June 30, 2022 and June 30, 2021, respectively. These amounts include $0.4 million and $1 million of residential first mortgages that were newly classified as TDRs in the three months ended June 30, 2022 and June 30, 2021, respectively, based on previously received OCC guidance.

(4)Represents portion of contractual loan principal that is non-interest bearing, but still due from the borrower. Such deferred principal is charged off at the time of permanent modification to the extent that the related loan balance exceeds the underlying collateral value.

(5)Represents portion of contractual loan principal that is non-interest bearing and, depending upon borrower performance, eligible for forgiveness.

(6)Represents portion of contractual loan principal that was forgiven at the time of permanent modification.

(7)    The above tables reflect activity for restructured loans that were considered TDRs during the reporting period.

(8)    Post-modification balances in North America include $2 million and $7 million of residential first mortgages to borrowers who have gone through Chapter 7 bankruptcy in the six months ended June 30, 2022 and June 30, 2021, respectively. These amounts include $2 million and $2 million of residential first mortgages that were newly classified as TDRs in the six months ended June 30, 2022 and June 30, 2021, respectively, based on previously received OCC guidance.

Schedule of troubled debt restructuring loans that defaulted

The following table presents consumer TDRs that defaulted for which the payment default occurred within one year of a permanent modification. Default is defined as 60 days past due:

	Three Months Ended June 30,				Six Months Ended June 30,
In millions of dollars	2022		2021		2022		2021
North America
Residential first mortgages	$	13	$	15	$	17	$	33
Home equity loans	2		3		2		7
Credit cards	59		73		116		136
Personal, small business and other	—		1		—		2
Total	$	74	$	92	$	135	$	178
International
Residential mortgages	$	3	$	10	$	7	$	22
Credit cards	3		45		7		97
Personal, small business and other	1		36		2		58
Total	$	7	$	91	$	16	$	177

Purchased Credit-Deteriorated Assets

	Three Months Ended June 30, 2022						Three Months Ended December 31, 2021						Three Months Ended June 30, 2021
In millions of dollars	Credit cards		Mortgages(1)		Installment and other		Credit cards		Mortgages(1)		Installment and other		Credit cards		Mortgages(1)		Installment and other
Purchase price	$	—	$	3	$	—	$	—	$	4	$	—	$	—	$	10	$	—
Allowance for credit losses at acquisition date	—		—		—		—		—		—		—		—		—
Discount or premium attributable to non-credit factors	—		—		—		—		—		—		—		—		—
Par value (amortized cost basis)	$	—	$	3	$	—	$	—	$	4	$	—	$	—	$	10	$	—

(1)    Includes loans sold to agencies that were bought back at par due to repurchase agreements.

Corporate

Financing Receivable, Credit Quality Indicator [Line Items]

Schedule of loan delinquency and non-accrual details

Corporate Loan Delinquencies and Non-Accrual Details at June 30, 2022

In millions of dollars	30–89 days past due and accruing(1)		≥ 90 days past due and accruing(1)		Total past due and accruing		Total non-accrual(2)		Total current(3)		Total loans(4)
Commercial and industrial	$	919	$	358	$	1,277	$	1,407	$	158,654	$	161,338
Financial institutions	304		162		466		78		69,904		70,448
Mortgage and real estate	11		20		31		77		21,653		21,761
Lease financing	—		—		—		11		421		432
Other	86		29		115		82		43,024		43,221
Loans at fair value											4,528
Total	$	1,320	$	569	$	1,889	$	1,655	$	293,656	$	301,728

Corporate Loan Delinquencies and Non-Accrual Details at December 31, 2021

In millions of dollars	30–89 days past due and accruing(1)		≥ 90 days past due and accruing(1)		Total past due and accruing		Total non-accrual(2)		Total current(3)		Total loans(4)
Commercial and industrial	$	1,072	$	239	$	1,311	$	1,263	$	144,430	$	147,004
Financial institutions	320		166		486		2		71,279		71,767
Mortgage and real estate	1		1		2		136		20,153		20,291
Lease financing	—		—		—		14		441		455
Other	77		19		96		138		45,412		45,646
Loans at fair value											6,070
Total	$	1,470	$	425	$	1,895	$	1,553	$	281,715	$	291,233

(1)Corporate loans that are 90 days past due are generally classified as non-accrual. Corporate loans are considered past due when principal or interest is contractually due but unpaid.

(2)Non-accrual loans generally include those loans that are 90 days or more past due or those loans for which Citi believes, based on actual experience and a forward-looking assessment of the collectability of the loan in full, that the payment of interest and/or principal is doubtful.

(3)Loans less than 30 days past due are presented as current.

(4)Total loans include loans at fair value, which are not included in the various delinquency columns.

Schedule of loans credit quality indicators

Corporate Loans Credit Quality Indicators

	Recorded investment in loans(1)
	Term loans by year of origination												Revolving line of credit arrangements(2)		June 30, 2022
In millions of dollars	2022		2021		2020		2019		2018		Prior
Investment grade(3)
Commercial and industrial(4)	$	43,233	$	7,890	$	4,305	$	4,009	$	3,268	$	9,500	$	39,383	$	111,588
Financial institutions(4)	9,239		5,787		1,434		1,172		828		1,636		39,935		60,031
Mortgage and real estate	2,363		3,323		3,881		3,256		1,640		2,148		277		16,888
Other(5)	6,049		2,752		2,228		1,027		2,177		5,244		18,476		37,953
Total investment grade	$	60,884	$	19,752	$	11,848	$	9,464	$	7,913	$	18,528	$	98,071	$	226,460
Non-investment grade(3)
Accrual
Commercial and industrial(4)	$	14,009	$	5,880	$	2,167	$	1,601	$	1,511	$	4,752	$	18,423	$	48,343
Financial institutions(4)	5,092		1,111		252		341		57		494		2,992		10,339
Mortgage and real estate	196		853		519		860		995		994		379		4,796
Other(5)	886		712		374		449		224		298		2,664		5,607
Non-accrual
Commercial and industrial(4)	160		110		313		133		82		148		461		1,407
Financial institutions	41		35		—		—		—		—		2		78
Mortgage and real estate	6		1		1		—		—		23		46		77
Other(5)	30		5		3		9		17		12		17		93
Total non-investment grade	$	20,420	$	8,707	$	3,629	$	3,393	$	2,886	$	6,721	$	24,984	$	70,740
Loans at fair value(6)															$	4,528
Corporate loans, net of unearned income	$	81,304	$	28,459	$	15,477	$	12,857	$	10,799	$	25,249	$	123,055	$	301,728

	Recorded investment in loans(1)
	Term loans by year of origination												Revolving line of credit arrangements(2)		December 31, 2021
In millions of dollars	2021		2020		2019		2018		2017		Prior
Investment grade(3)
Commercial and industrial(4)	$	42,422	$	5,529	$	4,642	$	3,757	$	2,911	$	8,392	$	30,588	$	98,241
Financial institutions(4)	12,862		1,678		1,183		1,038		419		1,354		43,630		62,164
Mortgage and real estate	2,423		3,660		3,332		2,015		1,212		1,288		141		14,071
Other(5)	9,037		3,099		1,160		2,789		330		4,601		18,727		39,743
Total investment grade	$	66,744	$	13,966	$	10,317	$	9,599	$	4,872	$	15,635	$	93,086	$	214,219
Non-investment grade(3)
Accrual
Commercial and industrial(4)	$	16,783	$	2,281	$	2,343	$	2,024	$	1,412	$	3,981	$	18,676	$	47,500
Financial institutions(4)	4,325		347		567		101		71		511		3,679		9,601
Mortgage and real estate	1,275		869		1,228		1,018		493		586		615		6,084
Other(5)	1,339		349		554		364		119		245		3,236		6,206
Non-accrual
Commercial and industrial(4)	53		119		64		104		94		117		712		1,263
Financial institutions	—		—		—		—		—		—		2		2
Mortgage and real estate	11		8		2		49		10		25		31		136
Other(5)	19		5		19		19		—		90		—		152
Total non-investment grade	$	23,805	$	3,978	$	4,777	$	3,679	$	2,199	$	5,555	$	26,951	$	70,944
Loans at fair value(6)															$	6,070
Corporate loans, net of unearned income	$	90,549	$	17,944	$	15,094	$	13,278	$	7,071	$	21,190	$	120,037	$	291,233

(1)Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or discount, less any direct write-downs.

(2)There were no significant revolving line of credit arrangements that converted to term loans during the quarter.

(3)Held-for-investment loans are accounted for on an amortized cost basis.

(4)Includes certain short-term loans with less than one year in tenor.

(5)Other includes installment and other, lease financing and loans to government and official institutions.

(6)Loans at fair value include loans to commercial and industrial, financial institutions, mortgage and real estate and other.

Schedule of impaired loans

The following tables present non-accrual loan information by corporate loan type and interest income recognized on non-accrual corporate loans:

	June 30, 2022								Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
In millions of dollars	Recorded investment(1)		Unpaid principal balance		Related specific allowance		Average carrying  value(2)		Interest income recognized		Interest income recognized(3)
Non-accrual corporate loans
Commercial and industrial	$	1,407	$	2,042	$	518	$	1,485	$	10	$	18
Financial institutions	78		137		35		36		—		—
Mortgage and real estate	77		77		1		129		—		2
Lease financing	11		11		—		15		—		—
Other	82		134		6		134		1		3
Total non-accrual corporate loans	$	1,655	$	2,401	$	560	$	1,799	$	11	$	23

	December 31, 2021
In millions of dollars	Recorded investment(1)		Unpaid principal balance		Related specific allowance		Average carrying  value(2)
Non-accrual corporate loans
Commercial and industrial	$	1,263	$	1,858	$	198	$	1,839
Financial institutions	2		55		—		4
Mortgage and real estate	136		285		10		163
Lease financing	14		14		—		21
Other	138		165		4		134
Total non-accrual corporate loans	$	1,553	$	2,377	$	212	$	2,161

	June 30, 2022				December 31, 2021
In millions of dollars	Recorded investment(1)		Related specific allowance		Recorded investment(1)		Related specific allowance
Non-accrual corporate loans with specific allowances
Commercial and industrial	$	1,052	$	518	$	637	$	198
Financial institutions	35		35		—		—
Mortgage and real estate	9		1		29		10
Other	20		6		37		4
Total non-accrual corporate loans with specific allowances	$	1,116	$	560	$	703	$	212
Non-accrual corporate loans without specific allowances
Commercial and industrial	$	355	N/A		$	626	N/A
Financial institutions	43		N/A		2		N/A
Mortgage and real estate	68		N/A		107		N/A
Lease financing	11		N/A		14		N/A
Other	62		N/A		101		N/A
Total non-accrual corporate loans without specific allowances	$	539	N/A		$	850	N/A

(1)Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or discount, less any direct write-downs.

(2)Average carrying value represents the average recorded investment balance and does not include related specific allowances.

(3)Interest income recognized for the three and six months ended June 30, 2021 was $15 million and $31 million, respectively.

N/A Not applicable

Schedule of troubled debt restructurings

In millions of dollars	Carrying value of TDRs modified during the period		TDRs involving changes in the amount and/or timing of principal payments(2)		TDRs involving changes in the amount and/or timing of interest payments(3)		TDRs involving changes in the amount and/or timing of both principal and interest payments
Three Months Ended June 30, 2022
Commercial and industrial	$	3	$	—	$	—	$	3
Other	23		—		—		23
Total	$	26	$	—	$	—	$	26
Six Months Ended June 30, 2022
Commercial and industrial	$	15	$	—	$	—	$	15
Other	23		1		—		22
Total	$	38	$	1	$	—	$	37

For the Three and Six Months Ended June 30, 2021

In millions of dollars	Carrying value of TDRs modified during the period		TDRs involving changes in the amount and/or timing of principal payments(2)		TDRs involving changes in the amount and/or timing of interest payments(3)		TDRs involving changes in the amount and/or timing of both principal and interest payments
Three Months Ended June 30, 2021
Commercial and industrial	$	52	$	—	$	—	$	52
Mortgage and real estate	5		—		—		5
Other	—		—		—		—
Total	$	57	$	—	$	—	$	57
Six Months Ended June 30, 2021
Commercial and industrial	$	73	$	—	$	—	$	73
Mortgage and real estate	6		—		—		6
Other	1		1		—		—
Total	$	80	$	1	$	—	$	79

(1)The above tables do not include loan modifications that meet the TDR relief criteria in the CARES Act or the interagency guidance.

(2)TDRs involving changes in the amount or timing of principal payments may involve principal forgiveness or deferral of periodic and/or final principal payments. Because forgiveness of principal is rare for corporate loans, modifications typically have little to no impact on the loans’ projected cash flows and thus little to no impact on the allowance established for the loans. Charge-offs for amounts deemed uncollectible may be recorded at the time of the restructuring or may have already been recorded in prior periods such that no charge-off is required at the time of the modification.

(3)TDRs involving changes in the amount or timing of interest payments may involve a below-market interest rate.

Schedule of troubled debt restructuring loans that defaulted

The following table presents total corporate loans modified in a TDR as well as those TDRs that defaulted and for which the payment default occurred within one year of a permanent modification. Default is defined as 60 days past due, except for classifiably managed commercial banking loans, where default is defined as 90 days past due.

			TDR loans that re-defaulted within one year of modification during the						TDR loans that re-defaulted within one year of modification during the
In millions of dollars	TDR balances at June 30, 2022		Three Months Ended June 30, 2022		Six Months Ended June 30, 2022		TDR balances at  June 30, 2021		Three Months Ended June 30, 2021		Six Months Ended June 30, 2021
Commercial and industrial	$	148	$	—	$	—	$	298	$	—	$	—
Mortgage and real estate	16		—		—		80		—		—
Other	39		—		—		38		—		—
Total(1)	$	203	$	—	$	—	$	416	$	—	$	—

(1)The above table reflects activity for loans outstanding that were considered TDRs as of the end of the reporting period.

Schedule of corporate loans by type

The following table presents information by corporate loan type:

In millions of dollars	June 30, 2022		December 31, 2021
In North America offices(1)
Commercial and industrial	$	55,823	$	48,364
Financial institutions	46,088		49,804
Mortgage and real estate(2)	17,359		15,965
Installment and other	20,466		20,143
Lease financing	379		415
Total	$	140,115	$	134,691
In offices outside North America(1)
Commercial and industrial	$	108,274	$	102,735
Financial institutions	24,654		22,158
Mortgage and real estate(2)	4,455		4,374
Installment and other	19,862		22,812
Lease financing	53		40
Governments and official institutions	4,315		4,423
Total	$	161,613	$	156,542
Corporate loans, net of unearned income(3)	$	301,728	$	291,233

(1)North America includes the U.S., Canada and Puerto Rico. Mexico is included in offices outside North America. The classification between offices in North America and outside North America is based on the domicile of the booking unit. The difference between the domicile of the booking unit and the domicile of the managing unit is not material.

(2)Loans secured primarily by real estate.

(3)Corporate loans are net of unearned income of ($759) million and ($770) million at June 30, 2022 and December 31, 2021, respectively. Unearned income on corporate loans primarily represents interest received in advance, but not yet earned, on loans originated on a discounted basis.