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FAIR VALUE ELECTIONS (Tables)
 9 Months Ended
Sep. 30, 2022
Fair Value, Option, Aggregate Differences [Abstract]  
Schedule of financial instruments selected for changes in fair value gains and losses
The following table presents the changes in fair value of those items for which the fair value option has been elected:

Changes in fair value—gains (losses)
 
Three Months Ended September 30,
Nine Months Ended September 30,
In millions of dollars2022202120222021
Assets  
Securities borrowed and purchased under agreements to resell$(82)$(28)$(165)$(64)
Trading account assets(69)(2)(307)151 
Loans
Certain corporate loans(372)(292)(2,227)376 
Consumer loans— — (1)— 
Total loans$(372)$(292)$(2,228)$376 
Other assets 
MSRs$37 $(3)$195 $49 
Certain mortgage loans HFS(1)
(110)25 (440)69 
Total other assets$(73)$22 $(245)$118 
Total assets$(596)$(300)$(2,945)$581 
Liabilities 
Interest-bearing deposits$133 $54 $10 $(39)
Securities loaned and sold under agreements to repurchase63 19 159 37 
Trading account liabilities208 5 (241)15 
Short-term borrowings(2)
61 140 1,257 332 
Long-term debt(2)
4,922 975 20,635 542 
Total liabilities$5,387 $1,193 $21,820 $887 

(1)Includes gains (losses) associated with interest rate lock commitments for those loans that have been originated and elected the fair value option.
(2)Includes DVA that is included in AOCI. See Notes 17 and 20.
Schedule of fair value of loans and other disclosures for certain credit related products
The following table provides information about certain credit products carried at fair value:

 September 30, 2022December 31, 2021
In millions of dollarsTrading assetsLoansTrading assetsLoans
Carrying amount reported on the Consolidated Balance Sheet$6,436 $3,879 $9,530 $6,082 
Aggregate unpaid principal balance in excess of (less than) fair value434 (97)(100)226 
Balance of non-accrual loans or loans more than 90 days past due— 148 — 1 
Aggregate unpaid principal balance in excess of (less than) fair value for non-accrual loans or loans more than 90 days past due— — — — 
Schedule of fair value of loans and other disclosures for certain mortgage loans
The following table provides information about certain mortgage loans HFS carried at fair value:

In millions of dollarsSeptember 30,
2022		December 31, 2021
Carrying amount reported on the Consolidated Balance Sheet$1,481 $3,035 
Aggregate fair value in excess of (less than) unpaid principal balance(53)70 
Balance of non-accrual loans or loans more than 90 days past due4 — 
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due— — 
Schedule of carrying value of structured notes, disaggregated by type of embedded derivative instrument
The following table provides information about the carrying value of notes carried at fair value, disaggregated by type of risk:

In billions of dollarsSeptember 30, 2022December 31, 2021
Interest rate linked$45.2 $38.9 
Foreign exchange linked0.1 — 
Equity linked37.0 36.1 
Commodity linked5.1 3.9 
Credit linked4.4 3.7 
Total$91.8 $82.6 
Schedule of long-term debt carried at fair value, excluding debt issued by consolidated VIEs
The following table provides information about long-term debt carried at fair value:

In millions of dollarsSeptember 30, 2022December 31, 2021
Carrying amount reported on the Consolidated Balance Sheet$91,825 $82,609 
Aggregate unpaid principal balance in excess of (less than) fair value(2,745)(2,459)
Schedule of short-term borrowings carried at fair value
The following table provides information about short-term borrowings carried at fair value:

In millions of dollarsSeptember 30, 2022December 31, 2021
Carrying amount reported on the Consolidated Balance Sheet$6,570 $7,358 
Aggregate unpaid principal balance in excess of (less than) fair value1 (644)