ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of allowance for credit losses and investment in loans by portfolio segment


	Three Months Ended March 31,
In millions of dollars	2025		2024
Allowance for credit losses on loans (ACLL) at beginning of period	$	18,574	$	18,145




Gross credit losses on loans	(2,926)		(2,690)
Gross recoveries on loans	467		387
Net credit losses (NCLs) on loans	$	(2,459)	$	(2,303)
Replenishment of NCLs	$	2,459	$	2,303
Net reserve builds (releases) for loans	227		246
Net specific reserve builds (releases) for loans	(125)		(127)
Total provision for credit losses on loans (PCLL)	$	2,561	$	2,422

Other, net (see table below)	50		32
ACLL at end of period	$	18,726	$	18,296
Allowance for credit losses on unfunded lending commitments (ACLUC) at beginning of period(1)	$	1,601	$	1,728

Provision (release) for credit losses on unfunded lending commitments	108		(98)
Other, net	11		(1)
ACLUC at end of period(1)	$	1,720	$	1,629
Total ACLL and ACLUC	$	20,446	$	19,925
Allowance for credit losses on other assets at beginning of period(2)	$	1,865	$	1,788

NCLs on other assets	(13)		(13)
Provision (release) for credit losses on other assets	39		4
Other, net(3)	315		(57)
Allowance for credit losses on other assets at end of period(2)	$	2,206	$	1,722
Allowance for credit losses on HTM debt securities at beginning of period	$	137	$	95

Provision (release) for credit losses on HTM debt securities	(5)		10
Other, net	(2)		1
Allowance for credit losses on HTM debt securities at end of period	$	130	$	106
Total ACL	$	22,782	$	21,753


Other, net details (ACLL)	Three Months Ended March 31,
In millions of dollars	2025		2024




FX translation and other	$	50	$	32
Other, net (ACLL)	$	50	$	32

(1)Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.

(2)See additional details on the Allowance for credit losses on other assets below.

(3)Primarily reflects the impact of FX translation on the ACL on Other assets for transfer risk associated with exposures outside the U.S., driven by safety and soundness considerations under U.S. banking law.

Allowance for Credit Losses on Loans (ACLL) and End-of-Period Loans


	Three Months Ended
	March 31, 2025						March 31, 2024
In millions of dollars	Corporate		Consumer		Total		Corporate		Consumer		Total
ACLL at beginning of period	$	2,556	$	16,018	$	18,574	$	2,714	$	15,431	$	18,145




Charge-offs	(199)		(2,727)		(2,926)		(178)		(2,512)		(2,690)
Recoveries	17		450		467		14		373		387
Replenishment of NCLs	182		2,277		2,459		164		2,139		2,303
Net reserve builds (releases)	279		(52)		227		188		58		246
Net specific reserve builds (releases)	(125)		—		(125)		(131)		4		(127)

Other	15		35		50		1		31		32
Ending balance	$	2,725	$	16,001	$	18,726	$	2,772	$	15,524	$	18,296


	March 31, 2025						December 31, 2024
In millions of dollars	Corporate		Consumer		Total		Corporate		Consumer		Total
ACLL
Collectively evaluated	$	2,548	$	15,962	$	18,510	$	2,254	$	15,967	$	18,221
Individually evaluated	177		38		215		302		38		340
Purchased credit deteriorated	—		1		1		—		13		13
Total ACLL	$	2,725	$	16,001	$	18,726	$	2,556	$	16,018	$	18,574
Loans, net of unearned income
Collectively evaluated	$	306,481	$	385,783	$	692,264	$	292,250	$	392,562	$	684,812
Individually evaluated	1,376		134		1,510		1,377		134		1,511
Purchased credit deteriorated	—		117		117		—		125		125
Held at fair value	7,887		278		8,165		7,759		281		8,040
Total loans, net of unearned income	$	315,744	$	386,312	$	702,056	$	301,386	$	393,102	$	694,488

Schedule of allowance for credit losses on other assets

Allowance for Credit Losses on Other Assets


	Three Months Ended March 31, 2025
In millions of dollars	Deposits with banks		Securities borrowed and purchased under agreements to resell		All other assets(1)		Total
Allowance for credit losses on other assets at beginning of quarter	$	25	$	3	$	1,837	$	1,865

Gross credit losses	—		—		(17)		(17)
Gross recoveries	—		—		4		4
Net credit losses (NCLs)	$	—	$	—	$	(13)	$	(13)
Replenishment of NCLs	$	—	$	—	$	13	$	13
Net reserve builds (releases)	(6)		1		31		26
Total provision for credit losses	$	(6)	$	1	$	44	$	39
Other, net	$	—	$	—	$	315	$	315
Allowance for credit losses on other assets at end of quarter	$	19	$	4	$	2,183	$	2,206

(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, 2024
In millions of dollars	Deposits with banks		Securities 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.