LOANS (Tables)

9 Months Ended

Sep. 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 September 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)	$	92,339	$	434	$	337	$	271	$	93,381	$	83	$	450	$	533	$	178
Home equity loans(8)(9)	4,629		26		139		—		4,794		52		167		219		—
Credit cards	138,030		1,269		1,105		—		140,404		—		—		—		1,105
Personal, small business and other(10)	39,977		55		60		18		40,110		2		62		64		13
Total	$	274,975	$	1,784	$	1,641	$	289	$	278,689	$	137	$	679	$	816	$	1,296
In offices outside North America(6)
Residential mortgages(7)(9)	$	27,144	$	51	$	86	$	—	$	27,281	$	—	$	295	$	295	$	10
Credit cards	11,508		131		125		—		11,764		—		103		103		51
Personal, small business and other(10)	39,658		111		80		—		39,849		3		184		187		—
Total	$	78,310	$	293	$	291	$	—	$	78,894	$	3	$	582	$	585	$	61
Total Citigroup(11)	$	353,285	$	2,077	$	1,932	$	289	$	357,583	$	140	$	1,261	$	1,401	$	1,357

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

(2)Includes $241 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 $19.4 billion of classifiably managed Private bank loans in North America and outside 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 North America, respectively, and $19.3 billion of residential mortgages outside 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: $36.6 billion in North America, approximately $33.9 billion of which are classifiably managed, and as of September 30, 2022 approximately 96% were rated investment grade; and $28.5 billion outside North America, approximately $19.4 billion of which are classifiably managed, and as of September 30, 2022 approximately 94% 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 $671 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 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 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 North America, approximately $24.5 billion of which are classifiably managed, and as of December 31, 2021 approximately 94% 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 September 30, 2022		Three Months Ended September 30, 2021		Nine Months Ended September 30, 2022		Nine Months Ended September 30, 2021
In North America offices(1)
Residential first mortgages	$	3	$	3	$	9	$	10
Home equity loans	1		2		3		6
Credit cards	—		—		—		—
Personal, small business and other	1		—		2		—
Total	$	5	$	5	$	14	$	16
In offices outside North America(1)
Residential mortgages	$	2	$	—	$	2	$	—
Credit cards	—		—		—		—
Personal, small business and other	—		—		—		—
Total	$	2	$	—	$	2	$	—
Total Citigroup	$	7	$	5	$	16	$	16

(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 $80.4 billion and $114.3 billion in the consumer loan portfolio outside of the U.S. as of September 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)	September 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	$	504	$	6,083	$	10,880
2021	628		6,029		12,782
2020	472		4,806		10,893
2019	302		2,673		5,424
2018	302		1,110		1,908
Prior	2,043		6,754		13,031
Total residential first mortgages	$	4,251	$	27,455	$	54,918	$	—	$	6,757	$	93,381
Home equity loans (pre-reset)	$	237	$	913	$	1,280
Home equity loans (post-reset)	496		890		948
Total home equity loans	$	733	$	1,803	$	2,228	$	—	$	30	$	4,794
Credit cards(5)	$	26,172	$	55,368	$	56,529	$	—	$	1,787	$	139,856
Personal, small business and other
2022	$	162	$	397	$	594
2021	99		194		250
2020	17		24		36
2019	25		29		36
2018	15		15		15
Prior	124		190		145
Total personal, small business and other(6)	$	442	$	849	$	1,076	$	33,910	$	2,922	$	39,199
Total	$	31,598	$	85,475	$	114,751	$	33,910	$	11,496	$	277,230

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 September 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 September 30, 2022 and December 31, 2021, approximately 96% 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 $548 million and $517 million of balances related to Canada for September 30, 2022 and December 31, 2021, respectively.

(6)    Excludes $911 million and $907 million of balances related to Canada for September 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	September 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(1)		Total
Residential first mortgages
2022	$	14,631	$	3,653	$	3
2021	19,790		737		31
2020	17,274		138		—
2019	8,948		111		26
2018	3,667		67		8
Prior	23,077		130		82
Total residential first mortgages	$	87,387	$	4,836	$	150	$	1,008	$	93,381
Home equity loans (pre-reset)	$	2,278	$	28	$	58
Home equity loans (post-reset)	2,271		22		31
Total home equity loans	$	4,549	$	50	$	89	$	106	$	4,794
Total	$	91,936	$	4,886	$	239	$	1,114	$	98,175

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(1)		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	$	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)	September 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	$	2,347	$	865	$	—
2021	4,316		1,076		3
2020	3,653		342		—
2019	3,243		62		1
2018	2,193		7		—
Prior	8,873		34		8
Total	$	24,625	$	2,386	$	12	$	258	$	27,281

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 September 30, 2022 and December 31, 2021, mortgage portfolios outside of the U.S. have an average LTV of approximately 49% and 46%, respectively.

Consumer Loans and Ratios Outside of North America

					Delinquency-managed loans and ratios
In millions of dollars at September 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		3Q22 NCL ratio		3Q21 NCL ratio
Residential mortgages(3)	$	27,281	$	—	$	27,281	0.19	%	0.32	%	0.18	%	0.10	%
Credit cards	11,764		—		11,764		1.11		1.06		3.22		3.99
Personal, small business and other(4)	39,849		19,432		20,417		0.54		0.39		0.74		0.92
Total	$	78,894	$	19,432	$	59,462	0.49	%	0.49	%	0.91	%	1.10	%
					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 of North America.

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

(3)    Includes $19.3 billion and $19.8 billion as of September 30, 2022 and December 31, 2021, respectively, of residential mortgages related to the Global Wealth business.

(4)    Includes $28.5 billion and $34.6 billion as of September 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 September 30,				Nine Months Ended September 30,
	Balance at September 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	$	1,242	$	1,361	$	49	$	1,337	$	23	$	23	$	94	$	67
Home equity loans	250		319		(7)		245		2		2		7		7
Credit cards	1,212		1,212		461		1,328		14		24		47		92
Personal, small business and other	114		114		72		207		4		14		11		41
Total	$	2,818	$	3,006	$	575	$	3,117	$	43	$	63	$	159	$	207

	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 September 30, 2022, $144 million of residential first mortgages and $75 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 September 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
In North America offices(7)
Residential first mortgages	235	$	58	$	—	$	—	$	—	—	%
Home equity loans	117	14		—		—		—		—
Credit cards	46,326	203		—		—		—		18
Personal, small business and other	132	3		—		—		—		7
Total(8)	46,810	$	278	$	—	$	—	$	—
In offices outside North America(7)
Residential mortgages	172	$	6	$	—	$	—	$	—	—	%
Credit cards	3,519	15		—		—		—		27
Personal, small business and other	575	6		—		—		1		8
Total(8)	4,266	$	27	$	—	$	—	$	1
	For the Nine Months Ended September 30, 2022
In millions of dollars, except number of loans modified	Number of loans modified	Post- modification recorded investment(2)(9)		Deferred principal(4)		Contingent principal forgiveness(5)		Principal forgiveness(6)		Average interest rate reduction
In North America offices(7)
Residential first mortgages	860	$	195	$	—	$	—	$	—	—	%
Home equity loans	324	30		—		—		—		—
Credit cards	123,886	533		—		—		—		18
Personal, small business and other	383	5		—		—		—		5
Total(8)	125,453	$	763	$	—	$	—	$	—
In offices outside North America(7)
Residential mortgages	465	$	16	$	—	$	—	$	—	—	%
Credit cards	11,981	50		—		—		1		24
Personal, small business and other	1,842	22		—		—		1		8
Total(8)	14,288	$	88	$	—	$	—	$	2

	For the Three Months Ended September 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
In North America offices(7)
Residential first mortgages	285	$	49	$	—	$	—	$	—	1	%
Home equity loans	33	2		—		—		—		—
Credit cards	33,746	159		—		—		—		18
Personal, small business and other	169	1		—		—		—		5
Total(8)	34,233	$	211	$	—	$	—	$	—
In offices outside North America(7)
Residential mortgages	451	$	22	$	—	$	—	$	—	—	%
Credit cards	16,082	71		—		—		2		15
Personal, small business and other	7,336	49		—		—		2		9
Total(8)	23,869	$	142	$	—	$	—	$	4
	For the Nine Months Ended September 30, 2021
In millions of dollars, except number of loans modified	Number of loans modified	Post- modification recorded investment(2)(9)		Deferred principal(4)		Contingent principal forgiveness(5)		Principal forgiveness(6)		Average interest rate reduction
In North America offices(7)
Residential first mortgages	955	$	169	$	—	$	—	$	—	—	%
Home equity loans	145	11				—		—		—
Credit cards	129,129	640		—		—		—		17
Personal, small business and other	855	11		—		—		—		3
Total(8)	131,084	$	831	$	—	$	—	$	—
In offices outside North America(7)
Residential mortgages	1,448	$	74	$	—	$	—	$	—	—	%
Credit cards	58,978	267		—		—		10		14
Personal, small business and other	21,654	164		—		—		6		10
Total(8)	82,080	$	505	$	—	$	—	$	16

(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 $1.8 million and $3.8 million of residential first mortgages to borrowers who have gone through Chapter 7 bankruptcy in the three months ended September 30, 2022 and September 30, 2021, respectively. These amounts include $1.8 million and $1.6 million of residential first mortgages that were newly classified as TDRs in the three months ended September 30, 2022 and September 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)North America includes the U.S., Canada and Puerto Rico. Mexico is included in offices outside North America.

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

(9)    Post-modification balances in North America include $3.7 million and $10.7 million of residential first mortgages to borrowers who have gone through Chapter 7 bankruptcy in the nine months ended September 30, 2022 and September 30, 2021, respectively. These amounts include $3.7 million and $4.1 million of residential first mortgages that were newly classified as TDRs in the nine months ended September 30, 2022 and September 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 September 30,				Nine Months Ended September 30,
In millions of dollars	2022		2021		2022		2021
In North America offices(1)
Residential first mortgages	$	6	$	10	$	23	$	43
Home equity loans	1		1		3		8
Credit cards	62		60		178		196
Personal, small business and other	—		1		—		3
Total	$	69	$	72	$	204	$	250
In offices outside North America(1)
Residential mortgages	$	2	$	9	$	9	$	31
Credit cards	3		36		10		133
Personal, small business and other	1		29		3		87
Total	$	6	$	74	$	22	$	251

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

Purchased Credit-Deteriorated Assets

	Three Months Ended September 30, 2022						Three Months Ended December 31, 2021						Three Months Ended September 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	$	—	$	7	$	—	$	—	$	4	$	—	$	—	$	6	$	—
Allowance for credit losses at acquisition date	—		—		—		—		—		—		—		—		—
Discount or premium attributable to non-credit factors	—		—		—		—		—		—		—		—		—
Par value (amortized cost basis)	$	—	$	7	$	—	$	—	$	4	$	—	$	—	$	6	$	—

(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 September 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	$	598	$	691	$	1,289	$	1,085	$	149,236	$	151,610
Financial institutions	147		140		287		178		66,439		66,904
Mortgage and real estate	22		15		37		110		21,573		21,720
Lease financing	—		—		—		10		421		431
Other	46		126		172		102		43,800		44,074
Loans at fair value											3,638
Total	$	813	$	972	$	1,785	$	1,485	$	281,469	$	288,377

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)		September 30, 2022
In millions of dollars	2022		2021		2020		2019		2018		Prior
Investment grade(3)
Commercial and industrial(4)	$	40,874	$	6,736	$	3,544	$	3,550	$	2,771	$	7,943	$	38,771	$	104,189
Financial institutions(4)	10,942		4,787		1,053		1,104		764		1,722		37,679		58,051
Mortgage and real estate	3,376		2,997		3,858		2,779		1,393		2,083		174		16,660
Other(5)	6,583		2,113		1,689		829		2,216		4,221		22,732		40,383
Total investment grade	$	61,775	$	16,633	$	10,144	$	8,262	$	7,144	$	15,969	$	99,356	$	219,283
Non-investment grade(3)
Accrual
Commercial and industrial(4)	$	16,582	$	4,509	$	1,858	$	1,275	$	1,134	$	4,267	$	16,711	$	46,336
Financial institutions(4)	4,674		1,006		217		232		53		423		2,070		8,675
Mortgage and real estate	532		761		513		782		1,049		865		448		4,950
Other(5)	929		615		493		394		121		306		1,152		4,010
Non-accrual
Commercial and industrial(4)	157		107		111		81		71		147		411		1,085
Financial institutions	41		35		—		—		—		—		102		178
Mortgage and real estate	—		31		28		—		—		15		36		110
Other(5)	13		1		8		38		10		13		29		112
Total non-investment grade	$	22,928	$	7,065	$	3,228	$	2,802	$	2,438	$	6,036	$	20,959	$	65,456
Loans at fair value(6)															$	3,638
Corporate loans, net of unearned income	$	84,703	$	23,698	$	13,372	$	11,064	$	9,582	$	22,005	$	120,315	$	288,377

	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:

	September 30, 2022								Three Months Ended September 30, 2022		Nine Months Ended September 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	$	1,085	$	1,837	$	368	$	1,047	$	10	$	28
Financial institutions	178		236		51		33		—		—
Mortgage and real estate	110		110		1		83		—		2
Lease financing	10		10		—		10		—		—
Other	102		186		6		95		—		3
Total non-accrual corporate loans	$	1,485	$	2,379	$	426	$	1,268	$	10	$	33

	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

	September 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	$	723	$	368	$	637	$	198
Financial institutions	176		51		—		—
Mortgage and real estate	57		1		29		10
Other	49		6		37		4
Total non-accrual corporate loans with specific allowances	$	1,005	$	426	$	703	$	212
Non-accrual corporate loans without specific allowances
Commercial and industrial	$	362	N/A		$	626	N/A
Financial institutions	2		N/A		2		N/A
Mortgage and real estate	53		N/A		107		N/A
Lease financing	10		N/A		14		N/A
Other	53		N/A		101		N/A
Total non-accrual corporate loans without specific allowances	$	480	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 nine months ended September 30, 2021 was $8 million and $39 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 September 30, 2022
Commercial and industrial	$	11	$	—	$	—	$	11
Mortgage and real estate	1		1		—		—
Other	7		—		—		7
Total	$	19	$	1	$	—	$	18
Nine Months Ended September 30, 2022
Commercial and industrial	$	26	$	—	$	—	$	26
Mortgage and real estate	1		1		—		—
Other	30		—		—		30
Total	$	57	$	1	$	—	$	56

For the Three and Nine Months Ended September 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 September 30, 2021
Commercial and industrial	$	2	$	—	$	—	$	2
Mortgage and real estate	—		—		—		—
Other	4		—		—		4
Total	$	6	$	—	$	—	$	6
Nine Months Ended September 30, 2021
Commercial and industrial	$	75	$	—	$	—	$	75
Mortgage and real estate	4		—		—		4
Other	4		—		—		4
Total	$	83	$	—	$	—	$	83

(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 September 30, 2022		Three Months Ended September 30, 2022		Nine Months Ended September 30, 2022		TDR balances at  September 30, 2021		Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Commercial and industrial	$	114	$	—	$	—	$	249	$	—	$	—
Mortgage and real estate	14		—		—		19		—		—
Other	22		—		—		36		—		—
Total(1)	$	150	$	—	$	—	$	304	$	—	$	—

(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	September 30, 2022		December 31, 2021
In North America offices(1)
Commercial and industrial	$	52,990	$	48,364
Financial institutions	43,667		49,804
Mortgage and real estate(2)	17,762		15,965
Installment and other	21,222		20,143
Lease financing	383		415
Total	$	136,024	$	134,691
In offices outside North America(1)
Commercial and industrial	$	100,570	$	102,735
Financial institutions	23,604		22,158
Mortgage and real estate(2)	4,005		4,374
Installment and other	19,653		22,812
Lease financing	48		40
Governments and official institutions	4,473		4,423
Total	$	152,353	$	156,542
Corporate loans, net of unearned income(3)	$	288,377	$	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 ($750) million and ($770) million at September 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.