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LOANS (Tables)
 12 Months Ended
Dec. 31, 2022
Consumer  
Loans receivable  
Schedule of loan delinquency and non-accrual details
Consumer Loans, Delinquencies and Non-Accrual Status at December 31, 2022

In millions of dollars
Total
current(1)(2)
30–89 
days past 
due(3)
≥ 90 days
past 
due(3)
Past due
government
guaranteed(6)
Total
loans		Non-accrual loans for which there is no ACLLNon-accrual loans for which there is an ACLLTotal
non-accrual		90 days 
past due and accruing
In North America offices(7)
      
Residential first mortgages(8)
$95,023 $421 $316 $279 $96,039 $86 $434 $520 $163 
Home equity loans(9)(10)
4,407 38 135 — 4,580 51 151 202 — 
Credit cards147,717 1,511 1,415 — 150,643 — — — 1,415 
Personal, small business and other(11)
37,635 88 22 7 37,752 3 23 26 11 
Total$284,782 $2,058 $1,888 $286 $289,014 $140 $608 $748 $1,589 
In offices outside North America(7)
      
Residential mortgages(8)
$27,946 $62 $106 $— $28,114 $— $305 $305 $13 
Credit cards12,659 147 149 — 12,955 — 127 127 56 
Personal, small business and other(11)
37,869 105 10 — 37,984 — 137 137 — 
Total$78,474 $314 $265 $— $79,053 $— $569 $569 $69 
Total Citigroup(12)(13)
$363,256 $2,372 $2,153 $286 $368,067 $140 $1,177 $1,317 $1,658 

Consumer Loans, Delinquencies and Non-Accrual Status at December 31, 2021

In millions of dollars
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 ACLLNon-accrual loans for which there is an ACLLTotal
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 cards132,050 947 871 — 133,868 — — — 871 
Personal, small business and other(14)
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 cards17,428 192 188 — 17,808 — 140 140 133 
Personal, small business and other(14)
56,930 145 75 — 57,150 — 227 227 — 
Total$111,924 $502 $421 $— $112,847 $— $776 $776 $143 
Total Citigroup(13)
$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 $237 million and $12 million at December 31, 2022 and 2021, respectively, of residential first mortgages recorded at fair value.
(3)Excludes loans guaranteed by U.S. government-sponsored agencies. Excludes $31.5 billion and $17.8 billion of classifiably managed Private bank loans in North America and outside North America, respectively, at December 31, 2022. Excludes $35.3 billion and $24.5 billion of classifiably managed Private bank loans in North America and outside North America, respectively, at December 31, 2021.
(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)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 $0.1 billion and 90 days or more past due of $0.2 billion and $0.3 billion at December 31, 2022 and 2021, respectively.
(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 and $0.0 billion of residential first mortgage loans in process of foreclosure in North America and outside North America, respectively, and $19.8 billion of residential mortgages outside North America related to the Global Wealth business at December 31, 2022. Includes
approximately $0.1 billion and $0.1 billion of residential first mortgage loans in process of foreclosure in North America and outside North America, respectively, and $19.8 billion of residential mortgages outside North America related to the Global Wealth business at December 31, 2021.
(9)Includes approximately $0.1 billion and $0.1 billion at December 31, 2022 and 2021, respectively, of home equity loans in process of foreclosure in North America.
(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: $34.0 billion in North America, approximately $31.5 billion of which are classifiably managed, and as of December 31, 2022 approximately 98% were rated investment grade; and $26.6 billion outside North America, approximately $17.8 billion of which are classifiably managed, and as of December 31, 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.
(12)Not included in the balances above is approximately $1 billion of accrued interest receivable at December 31, 2022, which is included in Other assets on the Consolidated Balance Sheet, except for credit card loans (which include accrued interest and fees). When a loan becomes non-accrual or, if not subject to a non-accrual policy, is charged-off per the Company’s charge-off policy, any accrued interest receivable is also reversed against the interest income. During the years ended December 31, 2022 and 2021, the Company reversed accrued interest of approximately $0.6 billion and $0.8 billion, respectively, primarily related to credit card loans.
(13)Consumer loans were net of unearned income of $712 million and $629 million at December 31, 2022 and 2021, respectively. Unearned income on consumer loans primarily represents unamortized origination fees and costs, premiums and discounts.
(14)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.


Interest Income Recognized for Non-Accrual Consumer Loans

For the years ended December 31,
In millions of dollars20222021
In North America offices(1)
Residential first mortgages$12 $13 
Home equity loans5 7 
Credit cards— — 
Personal, small business and other2 — 
Total$19 $20 
In offices outside North America(1)
Residential mortgages$4 $1 
Credit cards— — 
Personal, small business and other4 — 
Total$8 $1 
Total Citigroup$27 $21 

(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 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 $80.5 billion and $114.3 billion in the consumer loan portfolio outside of the U.S. as of December 31, 2022 and 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)
December 31, 2022
In millions of dollarsLess than
680		680
to 760		Greater
than 760
Classifiably managed(3)
FICO not available(4)
Total
loans
Residential first mortgages
2022$691 $7,530 $12,928 
20216395,93312,672
20204314,62110,936
20193212,5055,445
20183021,0721,899
Prior2,0206,55112,649
Total residential first mortgages$4,404 $28,212 $56,529 $6,894 $96,039 
Home equity line of credit (pre-reset)
$552 $1,536 $1,876 
Home equity line of credit (post-reset)62 65 40 
Home equity term loans106 151 117 
2022— — — 
2021— 1 1 
20201 2 2 
20191 2 2 
20181 2 1 
Prior103 144 111 
Total home equity loans$720 $1,752 $2,033 $75 $4,580 
Credit cards$27,901 $58,213 $60,896 
Revolving loans converted to term loans(5)
766 354 54 
Total credit cards(6)
$28,667 $58,567 $60,950 $1,914 $150,098 
Personal, small business and other
2022$247 $546 $800 
202196 170 210 
202015 20 30 
201921 23 28 
201810 10 9 
Prior126 190 144 
Total personal, small business and other(7)(8)
$515 $959 $1,221 $31,478 2,639 $36,812 
Total$34,306 $89,490 $120,733 $31,478 $11,522 $287,529 
FICO score distribution—U.S. portfolio(1)(2)
December 31, 2021
In millions of dollarsLess 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 
20205085,10212,153
20193733,0746,167
20183941,1802,216
20173431,4552,568
Prior2,0536,54012,586
Total residential first mortgages$4,297 $24,080 $48,039 $6,945 $83,361 
Home equity line of credit (pre-reset)$659 $1,795 $2,506 
Home equity line of credit (post-reset)75 72 37 
Home equity term loans168 210 156 
2021— 1 1 
2020— 3 2 
20191 2 2 
20181 2 1 
20171 2 2 
Prior165 201 149 
Total home equity loans$902 $2,077 $2,699 $67 $5,745 
Credit cards$22,342 $52,481 $55,076 
Revolving loans converted to term loans(5)
773 426 61 
Total credit cards(6)
$23,115 $52,907 $55,137 $2,192 $133,351 
Personal, small business and other
2021$59 $201 $319 
202022 41 64 
201942 53 68 
201834 35 37 
20177 8 9 
Prior120 179 143 
Total personal, small business and other(7)(8)
$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 $31.5 billion and $35.3 billion of Private bank loans as of December 31, 2022 and 2021, respectively, which are classifiably managed within Global Wealth and are primarily evaluated for credit risk based on their internal risk ratings. As of December 31, 2022 and 2021, approximately 98% 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)Not included in the tables above are $75 million and $313 million of revolving credit card loans outside of the U.S. that were converted to term loans as of December 31, 2022 and 2021, respectively.
(6)Excludes $545 million and $517 million of balances related to Canada for December 31, 2022 and 2021, respectively.
(7)Excludes $940 million and $907 million of balances related to Canada for December 31, 2022 and 2021, respectively.
(8)Includes approximately $67 million and $74 million of personal revolving loans that were converted to term loans for December 31, 2022 and 2021, respectively.
LTV distribution—U.S. portfolioDecember 31, 2022
In millions of dollarsLess 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$15,644 $6,497 $40 
202119,104 1,227 33 
202016,935 267 1 
20198,789 140 23 
20183,598 74 9 
Prior22,367 132 74 
Total residential first mortgages$86,437 $8,337 $180 $1,085 $96,039 
Home equity loans (pre-reset)$3,677 $36 $56 
Home equity loans (post-reset)627 12 27 
Total home equity loans$4,304 $48 $83 $145 $4,580 
Total$90,741 $8,385 $263 $1,230 $100,619 

LTV distribution—U.S. portfolioDecember 31, 2021
In millions of dollarsLess 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 
202018,715 446 — 
201910,047 269 29 
20184,117 136 11 
20174,804 103 4 
Prior22,161 128 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)
December 31, 2022
In millions of dollarsLess than
 or equal
to 80%		> 80% but less
than or equal to 100%		Greater
than
100%		LTV not availableTotal
Residential mortgages
2022$3,106 $975 $294 
20214,144 964 273 
20203,293 502 25 
20193,048 92 1 
20182,074 48 — 
Prior9,201 36 7 
Total$24,866 $2,617 $600 $31 $28,114 

LTV distribution—outside of U.S. portfolio(1)
December 31, 2021
In millions of dollarsLess than
 or equal
to 80%		> 80% but less
than or equal to 100%		Greater
than
100%		LTV not availableTotal
Residential mortgages
2021$6,334 $989 $— 
20205,996 292 — 
20195,293 116 1 
20183,729 32 — 
20172,739 38 — 
Prior12,190 102 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 December 31, 2022 and 2021, mortgage portfolios outside of the U.S. have an average LTV of approximately 51% and 46%, respectively.
Consumer Loans and Ratios Outside of North America

Delinquency-managed loans and ratios
In millions of dollars at December 31, 2022
Total
loans outside of North America(1)
Classifiably managed loans(2)
Delinquency-managed loans30–89 
days past
 due ratio
≥ 90 days
past
 due ratio
4Q22 NCL ratio
Residential mortgages(3)
$28,114 $— $28,114 0.22 %0.38 %0.10 %
Credit cards12,955 — 12,955 1.13 1.15 3.18 
Personal, small business and other(4)
37,984 17,762 20,222 0.52 0.05 0.76 
Total$79,053 $17,762 $61,291 0.51 %0.43 %0.91 %
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 loans30–89 
days past
 due ratio
≥ 90 days
past
 due ratio
4Q21 NCL ratio
Residential mortgages(3)
$37,889 $— $37,889 0.44 %0.42 %0.08 %
Credit cards17,808 — 17,808 1.08 1.06 3.06 
Personal, small business and other(4)
57,150 24,482 32,668 0.44 0.23 0.72 
Total$112,847 $24,482 $88,365 0.57 %0.48 %0.88 %

(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 December 31, 2022 and 2021, approximately 94% and 94% of these loans, respectively, were rated investment grade.
(3)    Includes $19.8 billion and $19.8 billion as of December 31, 2022 and 2021, respectively, of residential mortgages related to the Global Wealth business.
(4)    Includes $26.6 billion and $34.6 billion as of December 31, 2022 and 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:
At and for the year ended December 31, 2022
In millions of dollars
Recorded
investment(1)(2)
Unpaid
principal balance
Related
specific allowance(3)
Average
carrying value(5)
Interest income
recognized(6)
Mortgage and real estate   
Residential first mortgages$1,305 $1,430 $58 $1,283 $115 
Home equity loans254 322 — 261 10 
Credit cards1,255 1,256 491 1,246 62 
Personal, small business and other107 108 47 120 18 
Total$2,921 $3,116 $596 $2,910 $205 
 At and for the year ended December 31, 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)
Mortgage and real estate    
Residential first mortgages$1,521 $1,595 $87 $1,564 $88 
Home equity loans191 344 (1)336 9 
Credit cards1,582 1,609 594 1,795 116 
Personal, small business and other454 461 133 505 52 
Total$3,748 $4,009 $813 $4,200 $265 

(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)For December 31, 2022, $152 million of residential first mortgages and $73 million of home equity loans do not have a specific allowance. For 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 an accrual and cash basis.
Schedule of troubled debt restructurings
 
For the year ended December 31, 2022
In millions of dollars, except number of loans modifiedNumber 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 mortgages1,133 $263 $— $— $— — %
Home equity loans451 40 — — — — 
Credit cards176,252 775 — — — 18 
Personal, small business and other575 7 — — — 5 
Total(8)
178,411 $1,085 $— $— $— 
In offices outside North America(7)
Residential mortgages683 $21 $— $— $— — %
Credit cards16,006 68 — — 1 25 
Personal, small business and other2,432 29 — — 1 8 
Total(8)
19,121 $118 $— $— $2  
 
For the year ended December 31, 2021(1)
In millions of dollars, except number of loans modifiedNumber 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 mortgages1,335 $230 $— $— $— 1 %
Home equity loans191 19 — — — — 
Credit cards165,098 794 — — — 18 
Personal, small business and other1,000 13 — — — 3 
Total(8)
167,624 $1,056 $— $— $— 
In offices outside North America(7)
      
Residential mortgages1,975 $86 $— $— $— — %
Credit cards74,202 339 — — 13 13 
Personal, small business and other28,208 202 — — 7 10 
Total(8)
104,385 $627 $— $— $20 

(1)The 2021 table does 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 $5 million of residential first mortgages to borrowers who have gone through Chapter 7 bankruptcy in the year ended December 31, 2022. These amounts include $3.8 million of residential first mortgages that were newly classified as TDRs during 2022, based on previously received OCC guidance. The remaining amounts were already classified as TDRs before being discharged in Chapter 7 bankruptcy.
(4)Represents the 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 the portion of contractual loan principal that is non-interest bearing and, depending upon borrower performance, eligible for forgiveness.
(6)Represents the 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 year.
(9)    Post-modification balances in North America include $15 million of residential first mortgages to borrowers who have gone through Chapter 7 bankruptcy in the year ended December 31, 2021. These amounts include $5 million of residential first mortgages that were newly classified as TDRs during 2021, based on previously received OCC guidance. The remaining amounts were already classified as TDRs before being discharged in Chapter 7 bankruptcy.
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:

Years ended December 31,
In millions of dollars20222021
In North America offices(1)
Residential first mortgages$35 $57 
Home equity loans4 8 
Credit cards250 252 
Personal, small business and other1 4 
Total$290 $321 
In offices outside North America(1)
Residential mortgages$10 $38 
Credit cards12 152 
Personal, small business and other3 96 
Total$25 $286 

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


Purchased Credit-Deteriorated Assets

Years ended December 31,
20222021
In millions of dollarsCredit
cards
Mortgages(1)
Installment and otherCredit
cards
Mortgages(1)
Installment and other
Purchase price $— $23 $— $— $23 $— 
Allowance for credit losses at acquisition date— — — — — — 
Discount or premium attributable to non-credit factors— — — — — — 
Par value (amortized cost basis)$— $23 $— $— $23 $— 


(1)    Includes loans sold to agencies that were bought back at par due to repurchase agreements.
Corporate  
Loans receivable  
Schedule of loans The following table presents information by corporate loan type:
In millions of dollarsDecember 31,
2022		December 31,
2021
In North America offices(1)
  
Commercial and industrial$56,176 $48,364 
Financial institutions43,399 49,804 
Mortgage and real estate(2)
17,829 15,965 
Installment and other23,767 20,143 
Lease financing308 415 
Total$141,479 $134,691 
In offices outside North America(1)
 
Commercial and industrial$93,967 $102,735 
Financial institutions21,931 22,158 
Mortgage and real estate(2)
4,179 4,374 
Installment and other23,347 22,812 
Lease financing46 40 
Governments and official institutions4,205 4,423 
Total$147,675 $156,542 
Corporate loans, net of unearned income(3)(4)(5)
$289,154 $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 $($797) million and ($770) million at December 31, 2022 and 2021, respectively. Unearned income on corporate loans primarily represents interest received in advance, but not yet earned, on loans originated on a discounted basis.
(4)Not included in the balances above is approximately $2 billion of accrued interest receivable at December 31, 2022, which is included in Other assets on the Consolidated Balance Sheet.
(5)Accrued interest receivable considered to be uncollectible is reversed through interest income. Amounts reversed were not material for the years ended December 31, 2022 and 2021, respectively.
Schedule of loan delinquency and non-accrual details
Corporate Loan Delinquencies and Non-Accrual Details at December 31, 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$763 $594 $1,357 $860 $145,586 $147,803 
Financial institutions233 102 335 152 64,420 64,907 
Mortgage and real estate30 12 42 33 21,874 21,949 
Lease financing— 1 1 10 343 354 
Other145 18 163 67 48,788 49,018 
Loans at fair value5,123 
Total$1,171 $727 $1,898 $1,122 $281,011 $289,154 

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 institutions320 166 486 2 71,279 71,767 
Mortgage and real estate1 1 2 136 20,153 20,291 
Lease financing— — — 14 441 455 
Other77 19 96 138 45,412 45,646 
Loans at fair value6,070 
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)The Total loans column includes loans at fair value, which are not included in the various delinquency columns, and therefore the tables’ total rows will not cross-foot.
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)
December 31,
2022
In millions of dollars20222021202020192018Prior
Investment grade(3)
 
Commercial and industrial(4)
$50,086 $5,716 $2,454 $2,348 $1,129 $1,776 $38,359 $101,868 
Financial institutions(4)
13,547 3,174 813 593 284 713 37,463 56,587 
Mortgage and real estate7,321 3,876 3,379 1,205 577 775 152 17,285 
Other(5)
12,257 1,171 494 148 688 3,496 26,807 45,061 
Total investment grade$83,211 $13,937 $7,140 $4,294 $2,678 $6,760 $102,781 $220,801 
Non-investment grade(3)
 
Accrual 
Commercial and industrial(4)
$21,877 $3,114 $1,371 $800 $661 $402 $16,850 $45,075 
Financial institutions(4)
5,110 626 247 65 36 11 2,073 8,168 
Mortgage and real estate1,081 989 470 556 562 501 472 4,631 
Other(5)
1,938 360 466 107 7 64 1,292 4,234 
Non-accrual
Commercial and industrial(4)
80 31 90 53 44 83 479 860 
Financial institutions41 35 — — — — 76 152 
Mortgage and real estate2 11 — — 2 18 — 33 
Other(5)
7 26 1 8 10 9 16 77 
Total non-investment grade$30,136 $5,192 $2,645 $1,589 $1,322 $1,088 $21,258 $63,230 
Loans at fair value(6)
$5,123 
Corporate loans, net of unearned income$113,347 $19,129 $9,785 $5,883 $4,000 $7,848 $124,039 $289,154 
 
Recorded investment in loans(1)
Term loans by year of origination
Revolving line
of credit arrangements(2)
December 31, 2021
In millions of dollars20212020201920182017Prior
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 estate2,423 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 estate1,275 869 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 estate11 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 year.
(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:

At and for the year ended December 31, 2022
In millions of dollars
Recorded
investment(1)
Unpaid
principal balance		Related specific
allowance
Average
carrying value(2)
Interest income recognized(3)
Non-accrual corporate loans    
Commercial and industrial$860 $1,440 $268 $1,210 $56 
Financial institutions152 205 51 115 — 
Mortgage and real estate33 33 4 85 4 
Lease financing10 10 — 12 — 
Other67 89 — 111 6 
Total non-accrual corporate loans$1,122 $1,777 $323 $1,533 $66 
At and for the year ended December 31, 2021
In millions of dollars
Recorded
investment(1)
Unpaid
principal balance		Related specific
allowance
Average
carrying value(2)
Interest income recognized(3)
Non-accrual corporate loans    
Commercial and industrial$1,263 $1,858 $198 $1,839 $37 
Financial institutions2 55 — 4 — 
Mortgage and real estate136 285 10 163 — 
Lease financing14 14 — 21 — 
Other138 165 4 134 17 
Total non-accrual corporate loans$1,553 $2,377 $212 $2,161 $54 
 December 31, 2022December 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$583 $268 $637 $198 
Financial institutions149 51 — — 
Mortgage and real estate33 4 29 10 
Other— — 37 4 
Total non-accrual corporate loans with specific allowances$765 $323 $703 $212 
Non-accrual corporate loans without specific allowances    
Commercial and industrial$277 $626  
Financial institutions3 2  
Mortgage and real estate— 107  
Lease financing10 14  
Other67 101  
Total non-accrual corporate loans without specific allowances$357 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 year ended December 31, 2020 was $35 million.
N/A Not applicable
Schedule of troubled debt restructurings
Corporate Troubled Debt Restructurings

For the year ended December 31, 2022

In millions of dollarsCarrying value of TDRs modified
during the year
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
Commercial and industrial$61 $— $— $61 
Mortgage and real estate2 1 — 1 
Other30 — 30 
Total$93 $1 $— $92 

For the year ended December 31, 2021(1)

In millions of dollarsCarrying value of TDRs modified during the year
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
Commercial and industrial$82 $— $— $82 
Mortgage and real estate4 — — 4 
Other6 — 6 
Total$92 $— $— $92 

(1)The 2021 table does 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.

In millions of dollars
TDR balances at December 31, 2022
TDR loans that re-defaulted in 2022 within one year of modification
TDR balances at
December 31, 2021
TDR loans that re-defaulted in 2020 within one year of modification
Commercial and industrial$85 $— $236 $— 
Mortgage and real estate13 — 20 — 
Other12 — 28 — 
Total(1)
$110 $— $284 $— 

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