LOANS (Tables)

6 Months Ended

Jun. 30, 2011

LOANS

Schedule of consumer loans

In millions of dollars		June 30, 2011			December 31, 2010
Consumer loans
In U.S. offices
	Mortgage and real estate(1)	$	143,002		$	151,469
	Installment, revolving credit, and other		23,693			28,291
	Cards		114,149			122,384
	Commercial and industrial		5,737			5,021
	Lease financing		2			2
		$	286,583		$	307,167
In offices outside the U.S.
	Mortgage and real estate(1)	$	54,283		$	52,175
	Installment, revolving credit, and other		38,954			38,024
	Cards		40,354			40,948
	Commercial and industrial		22,350			18,584
	Lease financing		643			665
		$	156,584		$	150,396
Total Consumer loans		$	443,167		$	457,563
Net unearned income			(123	)		69
Consumer loans, net of unearned income		$	443,044		$	457,632

(1)

Loans secured primarily by real estate.

Schedule of consumer loan delinquency and non-accrual details

Consumer Loan Delinquency and Non-Accrual Details at June 30, 2011

In millions of dollars		30-89 days past due(1)		³ 90 days past due(2)		90 days past due and accruing		Total non-accrual		Total current(3)(4)		Total loans(4)(6)
In North America offices
	Residential first mortgages	$	3,585	$	4,080	$	4,986	$	4,085	$	82,458	$	96,780
	Home equity loans(5)		902		1,053		—		996		44,469		46,424
	Credit cards		2,586		2,285		2,285		—		110,682		115,553
	Installment and other		889		420		16		782		22,623		23,932
	Commercial market loans		34		151		8		262		6,818		7,003
Total		$	7,996	$	7,989	$	7,295	$	6,125	$	267,050	$	289,692
In offices outside North America
	Residential first mortgages	$	587	$	560	$	—	$	787	$	44,066	$	45,213
	Home equity loans(5)		—		1		—		2		9		10
	Credit cards		1,065		903		567		572		39,598		41,566
	Installment and other		771		289		15		659		31,654		32,714
	Commercial market loans		77		161		—		269		32,059		32,297
Total		$	2,500	$	1,914	$	582	$	2,289	$	147,386	$	151,800
Total Citigroup		$	10,496	$	9,903	$	7,877	$	8,414	$	414,436	$	441,492

(1)

Excludes $1.7 billion of residential first mortgages that are guaranteed by U.S. government agencies.

(2)

Excludes $5.0 billion of residential first mortgages that are guaranteed by U.S. government agencies.

(3)

Loans less than 30 days past due are presented as current.

(4)

Includes $1.4 billion of residential first mortgages recorded at fair value.

(5)

Fixed rate home equity loans and loans extended under home equity lines of credit which are typically in junior lien positions.

(6)

Excludes $1.6 billion of Consumer loans in SAP for which delinquency information is not available.

Consumer Loan Delinquency and Non-Accrual Details at December 31, 2010

In millions of dollars		30-89 days past due(1)		³ 90 days past due(2)		90 days past due and accruing		Total non-accrual		Total current(3)(4)		Total loans(4)
In North America offices
	Residential first mortgages	$	4,311	$	5,668	$	5,405	$	5,679	$	81,597	$	98,579
	Home equity loans(5)		1,137		1,279		—		1,273		43,814		46,230
	Credit cards		3,290		3,207		3,207		—		117,496		123,993
	Installment and other		1,500		1,126		344		1,014		29,665		32,291
	Commercial market loans		172		157		—		574		9,952		10,281
Total		$	10,410	$	11,437	$	8,956	$	8,540	$	282,524	$	311,374
In offices outside North America
	Residential first mortgages	$	657	$	573	$	—	$	774	$	41,852	$	43,082
	Home equity loans(5)		2		4		—		6		188		194
	Credit cards		1,116		974		409		564		40,806		42,896
	Installment and other		823		291		41		635		30,790		31,904
	Commercial market loans		61		186		1		278		27,935		28,182
Total		$	2,659	$	2,028	$	451	$	2,257	$	141,571	$	146,258

(1)

Excludes $1.6 billion of residential first mortgages that are guaranteed by U.S. government agencies.

(2)

Excludes $5.4 billion of residential first mortgages that are guaranteed by U.S. government agencies.

(3)

Loans less than 30 days past due are presented as current.

(4)

Includes $1.7 billion of residential first mortgages recorded at fair value.

(5)

Fixed rate home equity loans and loans extended under home equity lines of credit which are typically in junior lien positions.

Schedule of consumer loans credit quality indicators

FICO Score Distribution in U.S. Portfolio(1)(2)		June 30, 2011
In millions of dollars		FICO
		Less than 620		³ 620 but less than 660		Equal to or greater than 660
Residential first mortgages		$	21,790	$	8,932	$	51,486
Home equity loans			7,780		4,014		30,947
Credit cards			10,318		10,758		89,299
Installment and other			7,188		3,582		10,070
	Total	$	47,076	$	27,286	$	181,802

(1)

Excludes loans guaranteed by U.S. government agencies, loans subject to LTSCs with U.S. government sponsored agencies, and loans recorded at fair value.

(2)

Excludes balances where FICO was not available. Such amounts are not material.

FICO Score Distribution in U.S. Portfolio(1)(2)		December 31, 2010
In millions of dollars		FICO
		Less than 620		³ 620 but less than 660		Equal to or greater than 660
Residential first mortgages		$	24,794	$	9,095	$	50,589
Home equity loans			7,531		3,413		33,363
Credit cards			18,341		12,592		88,332
Installment and other			11,320		3,760		10,743
	Total	$	61,986	$	28,860	$	183,027

(1)

Excludes loans guaranteed by U.S. government agencies, loans subject to LTSCs, and loans recorded at fair value.

(2)

Excludes balances where FICO was not available. Such amounts are not material.

Schedule of residential mortgage loans credit quality indicators

LTV Distribution in U.S. Portfolio(1)(2)		June 30, 2011
In millions of dollars		LTV
		Less than or equal to 80%		> 80% but less than or equal to 100%		Greater than 100%
Residential first mortgages		$	33,772	$	22,601	$	25,800
Home equity loans			11,897		11,260		19,439
	Total	$	45,669	$	33,861	$	45,239

(1)

Excludes loans guaranteed by U.S. government agencies, loans subject to LTSCs, and loans recorded at fair value.

(2)

Excludes balances where LTV was not available. Such amounts are not material.

LTV Distribution in U.S. Portfolio(1)(2)		December 31, 2010
In millions of dollars		LTV
		Less than or equal to 80%		> 80% but less than or equal to 100%		Greater than 100%
Residential first mortgages		$	32,408	$	25,311	$	26,636
Home equity loans			12,698		10,940		20,670
	Total	$	45,106	$	36,251	$	47,306

(1)

Excludes loans guaranteed by U.S. government agencies, loans subject to LTSCs, and loans recorded at fair value.

(2)

Excludes balances where LTV was not available. Such amounts are not material.

Schedule of impaired consumer loans

			June 30, 2011								Three Months Ended June 30, 2011(5)(6)		Six Months Ended June 30, 2011(5)(6)
In millions of dollars			Recorded investment(1)(2)		Unpaid principal balance		Related specific allowance(3)		Average carrying value(4)		Interest income recognized		Interest income recognized
	Mortgage and real estate
		Residential first mortgages	$	18,358	$	19,499	$	3,414	$	16,330	$	253	$	454
		Home equity loans		1,714		1,762		1,061		1,301		18		30
	Credit cards			6,326		6,394		2,984		5,767		101		198
	Installment and other
		Individual installment and other		2,739		2,782		1,335		3,288		82		152
		Commercial market loans		610		854		80		737		7		17
Total(7)			$	29,747	$	31,291	$	8,874	$	27,423	$	461	$	851

(1)

Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or discount and direct write-downs and includes accrued interest only on credit card loans.

(2)

$797 million of residential first mortgages, $7 million of home equity loans and $217 million of commercial market loans do not have a specific allowance.

(3)

Included in the Allowance for loan losses.

(4)

Average carrying value does not include related specific allowance.

(5)

Includes amounts recognized on both an accrual and cash basis.

(6)

Cash interest receipts on smaller-balance homogeneous loans are generally recorded as revenue. The interest recognition policy for commercial market loans is identical to that for Corporate loans, as described below.

(7)

Prior to 2008, the Company's financial accounting systems did not separately track impaired smaller-balance, homogeneous Consumer loans whose terms were modified due to the borrowers' financial difficulties and it was determined that a concession was granted to the borrower. Smaller-balance consumer loans modified since January 1, 2008 amounted to $29.1 billion at June 30, 2011. However, information derived from Citi's risk management systems indicates that the amounts of outstanding modified loans, including those modified prior to 2008, approximated $30.4 billion at June 30, 2011.

In millions of dollars	Three Months Ended June 30, 2010(1)(2)		Six Months Ended June 30, 2010(1)(2)
Interest income recognized	$	500	$	881

(1)

Includes amounts recognized on both an accrual and cash basis.

(2)

Cash interest receipts on smaller-balance homogeneous loans are generally recorded as revenue. The interest recognition policy for commercial market loans is identical to that for Corporate loans, as described below.

			December 31, 2010
In millions of dollars			Recorded investment(1)(2)		Unpaid principal balance		Related specific allowance(3)		Average carrying value(4)
	Mortgage and real estate
		Residential first mortgages	$	16,225	$	17,287	$	2,783	$	13,606
		Home equity loans		1,205		1,256		393		1,010
	Credit cards			5,906		5,906		3,237		5,314
	Installment and other
		Individual installment and other		3,286		3,348		1,172		3,627
		Commercial market loans		706		934		145		909
Total(5)			$	27,328	$	28,731	$	7,730	$	24,466

(1)

Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or discount and direct write-downs and includes accrued interest only on credit card loans.

(2)

$1,050 million of residential first mortgages, $6 million of home equity loans and $323 million of commercial market loans do not have a specific allowance.

(3)

Included in the Allowance for loan losses.

(4)

Average carrying value does not include related specific allowance.

(5)

Prior to 2008, the Company's financial accounting systems did not separately track impaired smaller-balance, homogeneous Consumer loans whose terms were modified due to the borrowers' financial difficulties and it was determined that a concession was granted to the borrower. Smaller-balance consumer loans modified since January 1, 2008 amounted to $26.6 billion at December 31, 2010. However, information derived from Citi's risk management systems indicates that the amounts of outstanding modified loans, including those modified prior to 2008, approximated $28.2 billion at December 31, 2010.

Schedule of corporate loans

In millions of dollars		June 30, 2011			December 31, 2010
Corporate
In U.S. offices
	Commercial and industrial	$	16,343		$	14,334
	Loans to financial institutions		28,905			29,813
	Mortgage and real estate(1)		20,596			19,693
	Installment, revolving credit and other(2)		14,105			12,640
	Lease financing		1,498			1,413
		$	81,447		$	77,893
In offices outside the U.S.
	Commercial and industrial	$	73,594		$	69,718
	Installment, revolving credit and other(2)		12,964			11,829
	Mortgage and real estate(1)		6,529			5,899
	Loans to financial institutions		27,361			22,620
	Lease financing		491			531
	Governments and official institutions		2,727			3,644
		$	123,666		$	114,241
Total Corporate loans		$	205,113		$	192,134
Net unearned income			(657	)		(972	)
Corporate loans, net of unearned income		$	204,456		$	191,162

(1)

Loans secured primarily by real estate.

(2)

Includes loans not otherwise separately categorized.

Schedule of corporate loan delinquency and non-accrual details

Corporate Loan Delinquency and Non-Accrual Details at June 30, 2011

In millions of dollars		30-89 days past due and accruing(1)		³ 90 days past due and accruing(1)		Total past due and accruing		Total non-accrual(2)		Total current(3)		Total loans
	Commercial and industrial	$	170	$	14	$	184	$	1,326	$	87,069	$	88,579
	Financial institutions		8		—		8		1,119		54,020		55,147
	Mortgage and real estate		435		85		520		1,911		24,569		27,000
	Leases		7		11		18		24		1,947		1,989
	Other		395		12		407		439		27,477		28,323
Loans at fair value													3,418
Total		$	1,015	$	122	$	1,137	$	4,819	$	195,082	$	204,456

(1)

Corporate loans that are greater than 90 days past due are generally classified as non-accrual. Corporate loans are considered past due when principal or interest is contractually due but unpaid.

(2)

Citi generally does not manage Corporate loans on a delinquency basis. Non-accrual loans generally include those loans that are ³ 90 days past due or those loans for which Citi believes, based on actual experience and a forward-looking assessment of the collectability of the loan in full that the payment of interest or principal is doubtful.

(3)

Corporate loans are past due when principal or interest is contractually due but unpaid. Loans less than 30 days past due are presented as current.

Corporate Loan Delinquency and Non-Accrual Details at December 31, 2010

In millions of dollars		30-89 days past due and accruing(1)		³ 90 days past due and accruing(1)		Total past due and accruing		Total non-accrual(2)		Total current(3)		Total loans
	Commercial and industrial	$	94	$	39	$	133	$	5,125	$	76,862	$	82,120
	Financial institutions		2		—		2		1,258		50,648		51,908
	Mortgage and real estate		376		20		396		1,782		22,892		25,070
	Leases		9		—		9		45		1,890		1,944
	Other		100		52		152		400		26,941		27,493
Loans at fair value													2,627
Total		$	581	$	111	$	692	$	8,610	$	179,233	$	191,162

(1)

Corporate loans that are greater than 90 days past due are generally classified as non-accrual. Corporate loans are considered past due when principal or interest is contractually due but unpaid.

(2)

Citi generally does not manage Corporate loans on a delinquency basis. Non-accrual loans generally include those loans that are ³ 90 days past due or those loans for which Citi believes, based on actual experience and a forward-looking assessment of the collectability of the loan in full, that the payment of interest or principal is doubtful.

(3)

Corporate loans are past due when principal or interest is contractually due but unpaid. Loans less than 30 days past due are presented as current.

Schedule of corporate loans credit quality indicators

In millions of dollars			Recorded investment in loans(1) June 30, 2011		Recorded investment in loans(1) December 31, 2010
Investment grade(2)
		Commercial and industrial	$	59,731	$	51,042
		Financial institutions		49,136		47,310
		Mortgage and real estate		9,494		8,119
		Leases		1,099		1,204
		Other		23,322		21,844
Total investment grade			$	142,782	$	129,519
Non-investment grade(2)
	Accrual
		Commercial and industrial	$	27,521	$	25,992
		Financial institutions		4,892		3,412
		Mortgage and real estate		3,638		3,329
		Leases		866		695
		Other		4,563		4,316
	Non-accrual
		Commercial and industrial		1,326		5,125
		Financial institutions		1,119		1,258
		Mortgage and real estate		1,911		1,782
		Leases		24		45
		Other		439		400
Total non-investment grade			$	46,299	$	46,354
Private Banking loans managed on a delinquency basis(2)			$	11,957	$	12,662
Loans at fair value				3,418		2,627
Corporate loans, net of unearned income			$	204,456	$	191,162

(1)

Recorded investment in a loan includes, net of deferred loan fees and costs, unamortized premium or discount, and less any direct write-downs.

(2)

Held-for-investment loans accounted for on an amortized cost basis.

Schedule of non-accrual corporate loans with and without specific allowance

		June 30, 2011								Three Months Ended June 30, 2011		Six Months Ended June 30, 2011
In millions of dollars		Recorded investment(1)		Principal balance		Related specific allowance		Average carrying value(2)		Interest income recognized		Interest income recognized
Non-accrual corporate loans
	Commercial and industrial	$	1,326	$	1,845	$	247	$	3,498	$	16	$	24
	Loans to financial institutions		1,119		1,862		47		1,055		—		—
	Mortgage and real estate		1,911		2,138		204		1,914		4		7
	Lease financing		24		33		—		42		1		2
	Other		439		922		119		705		12		13
	Total non-accrual Corporate loans	$	4,819	$	6,800	$	617	$	7,214	$	33	$	46

In millions of dollars	Three Months Ended June 30, 2010		Six Months Ended June 30, 2010
Interest income recognized	$	30	$	42

		December 31, 2010
In millions of dollars		Recorded investment(1)		Principal balance		Related specific allowance		Average carrying value(2)
Non-accrual corporate loans
	Commercial and industrial	$	5,125	$	8,021	$	843	$	6,016
	Loans to financial institutions		1,258		1,835		259		883
	Mortgage and real estate		1,782		2,328		369		2,474
	Lease financing		45		71		—		55
	Other		400		948		218		1,205
	Total non-accrual Corporate loans	$	8,610	$	13,203	$	1,689	$	10,633

		June 30, 2011				December 31, 2010
In millions of dollars		Recorded investment(1)		Related specific allowance		Recorded investment(1)		Related specific allowance
Non-accrual Corporate loans with valuation allowances
	Commercial and industrial	$	686	$	247	$	4,257	$	843
	Loans to financial institutions		532		47		818		259
	Mortgage and real estate		956		204		1,008		369
	Other		270		119		241		218
	Total non-accrual Corporate loans with specific allowance	$	2,444	$	617	$	6,324	$	1,689
Non-accrual Corporate loans without specific allowance
	Commercial and industrial	$	640			$	868
	Loans to financial institutions		587				440
	Mortgage and real estate		955				774
	Lease financing		24				45
	Other		169				159
	Total non-accrual Corporate loans without specific allowance	$	2,375		N/A	$	2,286		N/A

(1)

Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or discount, less any direct write-downs.

(2)

Average carrying value does not include related specific allowance.