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ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Mar. 31, 2024
Credit Loss [Abstract]  
Schedule of allowance for credit losses and investment in loans by portfolio segment
Three Months Ended March 31,
In millions of dollars20242023
Allowance for credit losses on loans (ACLL) at beginning of period$18,145 $16,974 
Adjustments to opening balance(1)
Financial instruments—TDRs and vintage disclosures(1)
— (352)
Adjusted ACLL at beginning of period$18,145 $16,622 
Gross credit losses on loans$(2,690)$(1,634)
Gross recoveries on loans387 332 
Net credit losses on loans (NCLs) $(2,303)$(1,302)
Replenishment of NCLs$2,303 $1,302 
Net reserve builds (releases) for loans246 397 
Net specific reserve builds (releases) for loans(127)38 
Total provision for credit losses on loans (PCLL)$2,422 $1,737 
Other, net (see table below)32 112 
ACLL at end of period$18,296 $17,169 
Allowance for credit losses on unfunded lending commitments (ACLUC) at beginning of period(2)
$1,728 $2,151 
Provision (release) for credit losses on unfunded lending commitments(98)(194)
Other, net
(1)2 
ACLUC at end of period(2)
$1,629 $1,959 
Total allowance for credit losses on loans, leases and unfunded lending commitments$19,925 $19,128 

Other, net detailsThree Months Ended March 31,
In millions of dollars20242023
FX translation and other$32 $112 
Other, net$32 $112 

(1)See “Accounting Changes” in Note 1.
(2)Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
Allowance for Credit Losses on Loans and End-of-Period Loans

Three Months Ended
March 31, 2024March 31, 2023
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$2,714 $15,431 $18,145 $2,855 $14,119 $16,974 
Adjustment to opening balance(1)
Financial instruments—TDRs and vintage disclosures(1)
— — — — (352)(352)
Adjusted ACLL at beginning of period$2,714 $15,431 $18,145 $2,855 $13,767 $16,622 
Charge-offs$(178)$(2,512)$(2,690)$(39)$(1,595)$(1,634)
Recoveries14 373 387 17 315 332 
Replenishment of NCLs164 2,139 2,303 22 1,280 1,302 
Net reserve builds (releases)188 58 246 (90)487 397 
Net specific reserve builds (releases)(131)4 (127)5 33 38 
Other1 31 32 10 102 112 
Ending balance$2,772 $15,524 $18,296 $2,780 $14,389 $17,169 

March 31, 2024December 31, 2023
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL   
Collectively evaluated(1)
$2,542 $15,481 $18,023 $2,352 $15,391 $17,743 
Individually evaluated 230 43 273 362 40 402 
Purchased credit deteriorated— — — — — — 
Total ACLL$2,772 $15,524 $18,296 $2,714 $15,431 $18,145 
Loans, net of unearned income
Collectively evaluated(1)
$282,779 $381,261 $664,040 $291,002 $388,711 $679,713 
Individually evaluated 1,489 80 1,569 1,882 58 1,940 
Purchased credit deteriorated— 115 115 — 115 115 
Held at fair value8,551 303 8,854 7,281 313 7,594 
Total loans, net of unearned income$292,819 $381,759 $674,578 $300,165 $389,197 $689,362 

(1)    See Note 1 in Citi’s First Quarter of 2023 Form 10-Q for a description of the effect of adopting ASU 2022-02 on the ACL and for Citi’s updated accounting policy for collectively evaluating the ACL for consumer loans formerly considered TDRs.
Schedule of allowance for credit losses on other assets
Allowance for Credit Losses on Other Assets

Three Months Ended March 31, 2024
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of quarter		$31 $27 $1,730 $1,788 
Gross credit losses— — (18)(18)
Gross recoveries— — 5 5 
Net credit losses (NCLs)$— $— $(13)$(13)
Replenishment of NCLs$— $— $13 $13 
Net reserve builds (releases)(3)(9)3 (9)
Total provision for credit losses$(3)$(9)$16 $4 
Other, net$— $— $(57)$(57)
Allowance for credit losses on other assets
at end of quarter		$28 $18 $1,676 $1,722 

(1)Primarily ACL related to transfer risk associated with exposures outside the U.S. driven by safety and soundness considerations under U.S. banking law.

Three Months Ended March 31, 2023
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of quarter		$51 $36 $36 $123 
Gross credit losses— — (11)(11)
Gross recoveries— — — — 
Net credit losses (NCLs)$— $— $(11)$(11)
Replenishment of NCLs$— $— $11 $11 
Net reserve builds (releases)85 (3)332 414 
Total provision for credit losses$85 $(3)$343 $425 
Other, net$(1)$(3)$(5)$(9)
Allowance for credit losses on other assets
at end of quarter		$135 $30 $363 $528 

(1)    Primarily accounts receivable.