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COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES
 9 Months Ended
Sep. 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 September 30, 2022Nine Months Ended September 30, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Investment banking$725 $— $— $725 $2,477 $— $— $2,477 
Brokerage commissions356 167 48 571 1,209 621 169 1,999 
Credit and bank card income
Interchange fees330 2,420 199 2,949 891 6,954 647 8,492 
Card-related loan fees12 64 66 142 32 201 226 459 
Card rewards and partner payments(1)
(175)(2,852)(134)(3,161)(458)(8,223)(466)(9,147)
Deposit-related fees(2)
262 25 13 300 807 128 49 984 
Transactional service fees270 5 20 295 791 14 72 877 
Corporate finance(3)
87 — — 87 339 3 — 342 
Insurance distribution revenue— 57 33 90 — 165 102 267 
Insurance premiums— 1 22 23 — 3 69 72 
Loan servicing13 14 4 31 32 36 11 79 
Other6 44 37 87 9 141 107 258 
Total commissions and fees(4)
$1,886 $(55)$308 $2,139 $6,129 $43 $986 $7,159 

Three Months Ended September 30, 2021Nine Months Ended September 30, 2021
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Investment banking$1,493 $— $— $1,493 $4,503 $— $— $4,503 
Brokerage commissions412 248 113 773 1,380 814 342 2,536 
Credit and bank card income
Interchange fees225 2,107 210 2,542 580 5,861 635 7,076 
Card-related loan fees7 72 92 171 18 223 289 530 
Card rewards and partner payments(1)
(119)(2,415)(126)(2,660)(298)(6,673)(375)(7,346)
Deposit-related fees(2)
267 49 23 339 766 145 82 993 
Transactional service fees249 6 26 281 723 18 82 823 
Corporate finance(3)
213 — — 214 548 4 — 552 
Insurance distribution revenue— 77 40 117 — 237 128 365 
Insurance premiums— 1 24 25 — 9 66 75 
Loan servicing9 11 4 24 31 27 13 71 
Other(2)46 36 80 15 145 105 265 
Total commissions and fees(4)
$2,755 $202 $442 $3,399 $8,266 $810 $1,367 $10,443 

(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 a decrease in net credit losses reduces Citi’s liability for the partners’ share for a given program year, would generally result in higher 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 $0 and $28 million for the three months ended September 30, 2022 and 2021, respectively, and $59 million and $75 million for the nine months ended September 30, 2022 and 2021, respectively. Overdraft fees are accounted for under ASC 310. Citi eliminated overdraft fees, returned-item fees and overdraft protection beginning in June 2022.
(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 $(2,872) million and $(2,208) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three months ended September 30, 2022 and 2021, respectively, and $(8,115) million and $(6,031) million for the nine months ended September 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 September 30, 2022Nine Months Ended September 30, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Custody fees$422 $21 $2 $445 $1,375 $67 $7 $1,449 
Fiduciary fees78 179 77 334 210 580 236 1,026 
Guarantee fees124 10 2 136 391 34 4 429 
Total administration and other fiduciary fees(1)
$624 $210 $81 $915 $1,976 $681 $247 $2,904 

Three Months Ended September 30, 2021Nine Months Ended September 30, 2021
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Custody fees$451 $23 $5 $479 $1,359 $68 $12 $1,439 
Fiduciary fees64 206 112 382 186 598 329 1,113 
Guarantee fees132 12 2 146 398 34 6 438 
Total administration and other fiduciary fees(1)
$647 $241 $119 $1,007 $1,943 $700 $347 $2,990 

(1)    Administration and other fiduciary fees include $136 million and $146 million for the three months ended September 30, 2022 and 2021, respectively, and $429 million and $438 million for the nine months ended September 30, 2022 and 2021, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.