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COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2023Nine Months Ended September 30, 2023
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Investment banking$694 $— $— $694 $2,018 $— $— $2,018 
Brokerage commissions368 176 21 565 1,142 535 99 1,776 
Credit and bank card income
Interchange fees356 2,507 152 3,015 1,050 7,409 485 8,944 
Card-related loan fees16 36 71 123 46 116 198 360 
Card rewards and partner payments(1)
(198)(2,858)(103)(3,159)(574)(8,425)(285)(9,284)
Deposit-related fees(2)
284 32 9 325 808 90 26 924 
Transactional service fees298 7 22 327 889 17 72 978 
Corporate finance(3)
89 — — 89 274 3 — 277 
Insurance distribution revenue— 64 13 77 — 183 74 257 
Insurance premiums— 1 25 26 — 2 70 72 
Loan servicing7 11 3 21 24 37 10 71 
Other3 42 49 92 9 150 139 300 
Total commissions and fees(4)
$1,917 $18 $262 $2,195 $5,686 $117 $888 $6,693 

Three Months Ended September 30, 2022Nine Months Ended September 30, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Investment banking$725 $— $— $725 $2,477 $— $— $2,477 
Brokerage commissions356 167 48 571 1,209 621 169 1,999 
Credit and bank card income
Interchange fees330 2,420 199 2,949 891 6,954 647 8,492 
Card-related loan fees12 64 66 142 32 201 226 459 
Card rewards and partner payments(1)
(175)(2,852)(134)(3,161)(458)(8,223)(466)(9,147)
Deposit-related fees(2)
262 25 13 300 807 128 49 984 
Transactional service fees270 5 20 295 791 14 72 877 
Corporate finance(3)
87 — — 87 339 3 — 342 
Insurance distribution revenue— 57 33 90 — 165 102 267 
Insurance premiums— 1 22 23 — 3 69 72 
Loan servicing13 14 4 31 32 36 11 79 
Other6 44 37 87 9 141 108 258 
Total commissions and fees(4)
$1,886 $(55)$308 $2,139 $6,129 $43 $987 $7,159 

(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 $0 million for the three months ended September 30, 2023 and 2022, respectively, and $0 and $59 million for the nine months ended September 30, 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 $(2,897) million and $(2,872) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three months ended September 30, 2023 and 2022, respectively, and $(8,497) million and $(8,115) million for the nine months ended September 30, 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 September 30, 2023Nine Months Ended September 30, 2023
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Custody fees$447 $20 $2 $469 $1,349 $62 $13 $1,424 
Fiduciary fees73 199 98 370 217 537 270 1,024 
Guarantee fees124 6 1 132 382 21 4 408 
Total administration and other fiduciary fees(1)
$644 $225 $101 $971 $1,948 $620 $287 $2,856 

Three Months Ended September 30, 2022Nine Months Ended September 30, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Custody fees$422 $21 $2 $445 $1,375 $67 $7 $1,449 
Fiduciary fees78 179 77 334 210 580 236 1,026 
Guarantee fees124 10 2 136 391 34 4 429 
Total administration and other fiduciary fees(1)
$624 $210 $81 $915 $1,976 $681 $247 $2,904 

(1)    Administration and other fiduciary fees include $132 million and $136 million for the three months ended September 30, 2023 and 2022, respectively, and $408 million and $429 million for the nine months ended September 30, 2023 and 2022, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.