BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2011

BASIS OF PRESENTATION

Impact of accounting changes under fair value option

				July 1, 2010
				Pretax cumulative effect adjustment to Retained earnings
In millions of dollars at June 30, 2010		Amortized cost		Gross unrealized losses recognized in AOCI(1)		Gross unrealized gains recognized in AOCI		Fair value
Mortgage-backed securities
	Prime	$	390	$	—	$	49	$	439
	Alt-A		550		—		54		604
	Subprime		221		—		6		227
	Non-U.S. residential		2,249		—		38		2,287
Total mortgage-backed securities		$	3,410	$	—	$	147	$	3,557
Asset-backed securities
	Auction rate securities	$	4,463	$	401	$	48	$	4,110
	Other asset-backed		4,189		19		164		4,334
Total asset-backed securities		$	8,652	$	420	$	212	$	8,444
Total reclassified debt securities		$	12,062	$	420	$	359	$	12,001

(1)

All reclassified debt securities with gross unrealized losses were assessed for other-than-temporary-impairment as of June 30, 2010, including an assessment of whether the Company intends to sell the security. For securities that the Company intends to sell, impairment charges of $176 million were recorded in earnings in the second quarter of 2010.