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COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES (Tables)
 3 Months Ended
Mar. 31, 2023
Other Income and Expenses [Abstract]  
Schedule of commissions, fees, administration and other fiduciary fees revenue
The following tables present Commissions and fees revenue:

Three Months Ended March 31, 2023
In millions of dollarsICGPBWMLegacy FranchisesTotal
Investment banking$726 $— $— $726 
Brokerage commissions415 178 44 637 
Credit and bank card income
Interchange fees333 2,347 169 2,849 
Card-related loan fees13 43 62 118 
Card rewards and partner payments(1)
(174)(2,663)(91)(2,928)
Deposit-related fees(2)
252 39 8 299 
Transactional service fees289 4 26 319 
Corporate finance(3)
99 3 — 102 
Insurance distribution revenue— 58 34 92 
Insurance premiums— 1 21 22 
Loan servicing9 16 3 28 
Other5 56 41 102 
Total commissions and fees(4)
$1,967 $82 $317 $2,366 

Three Months Ended March 31, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotal
Investment banking$908 $— $— $908 
Brokerage commissions460 240 67 767 
Credit and bank card income
Interchange fees240 2,099 221 2,560 
Card-related loan fees9 64 81 154 
Card rewards and partner payments(1)
(118)(2,499)(172)(2,789)
Deposit-related fees(2)
267 59 18 344 
Transactional service fees254 4 26 284 
Corporate finance(3)
116 3 — 119 
Insurance distribution revenue— 52 36 88 
Insurance premiums— 1 25 26 
Loan servicing12 10 4 26 
Other(1)47 35 81 
Total commissions and fees(4)
$2,147 $80 $341 $2,568 

(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 an increase in net credit losses reduces Citi’s liability for the partners’ share for a given program year, would generally result in lower 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)Overdraft fees are accounted for under ASC 310. Citi eliminated overdraft fees, returned item fees and overdraft protection fees beginning in June 2022. Includes overdraft fees (prior to the elimination of overdraft fees in June 2022) of $0 and $32 million for the three months ended March 31, 2023 and 2022, respectively.
(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 $(2,656) million and $(2,427) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three months ended March 31, 2023 and 2022, 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 March 31, 2023
In millions of dollarsICGPBWMLegacy FranchisesTotal
Custody fees$418 $20 $6 $444 
Fiduciary fees75 153 82 310 
Guarantee fees132 8 2 142 
Total administration and other fiduciary fees(1)
$625 $181 $90 $896 

Three Months Ended March 31, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotal
Custody fees$447 $23 $3 $473 
Fiduciary fees64 205 80 349 
Guarantee fees132 10 2 144 
Total administration and other fiduciary fees(1)
$643 $238 $85 $966 

(1)    Administration and other fiduciary fees include $142 million and $144 million for the three months ended March 31, 2023 and 2022, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.