DEBT (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of short-term borrowings

In millions of dollars	September 30, 2022		December 31, 2021
Commercial paper
Bank(1)	$	11,113	$	9,026
Broker-dealer and other(2)	14,465		6,992
Total commercial paper	$	25,578	$	16,018
Other borrowings(3)	21,790		11,955
Total	$	47,368	$	27,973

(1)Represents Citibank entities as well as other bank entities.

(2)Represents broker-dealer and other non-bank subsidiaries that are consolidated into Citigroup Inc., the parent holding company.

(3)Includes borrowings from Federal Home Loan Banks and other market participants. At September 30, 2022 and December 31, 2021, collateralized short-term advances from the Federal Home Loan Banks were $12.0 billion and $0.0 billion, respectively.

Schedule of long-term debt

In millions of dollars	September 30, 2022		December 31, 2021
Citigroup Inc.(1)	$	159,251	$	164,945
Bank(2)	22,463		23,567
Broker-dealer and other(3)	71,354		65,862
Total	$	253,068	$	254,374

(1)Represents the parent holding company.

(2)Represents Citibank entities as well as other bank entities. At September 30, 2022 and December 31, 2021, collateralized long-term advances from the Federal Home Loan Banks were $7.3 billion and $5.3 billion, respectively.

(3)Represents broker-dealer and other non-bank subsidiaries that are consolidated into Citigroup Inc., the parent holding company. Certain Citigroup consolidated hedging activities are also included in this line.

Summary of outstanding trust preferred securities

The following table summarizes Citi’s outstanding trust preferred securities at September 30, 2022:

								Junior subordinated debentures owned by trust
Trust	Issuance date	Securities issued	Liquidation value(1)		Coupon rate(2)		Common shares issued to parent	Amount		Maturity	Redeemable by issuer beginning
In millions of dollars, except securities and share amounts
Citigroup Capital III	Dec. 1996	194,053	$	194	7.625	%	6,003	$	200	Dec. 1, 2036	Not redeemable
Citigroup Capital XIII	Oct. 2010	89,840,000	2,246		3 mo. LIBOR + 637 bps		1,000	2,246		Oct. 30, 2040	Oct. 30, 2015
Total obligated			$	2,440				$	2,446

Note: Distributions on the trust preferred securities and interest on the subordinated debentures are payable semiannually for Citigroup Capital III and quarterly for Citigroup Capital XIII.

(1)Represents the notional value received by outside investors from the trusts at the time of issuance. This differs from Citi’s balance sheet carrying value due primarily to unamortized discount and issuance costs.

(2)In each case, the coupon rate on the subordinated debentures is the same as that on the trust preferred securities.