FAIR VALUE ELECTIONS (Tables)

6 Months Ended

Jun. 30, 2011

FAIR VALUE ELECTIONS

Schedule of financial instruments selected for fair value accounting

			Fair value at				Changes in fair value gains (losses) for the six months ended June 30,
In millions of dollars			June 30, 2011		December 31, 2010(1)		2011			2010(1)
Assets
Federal funds sold and securities borrowed or purchased under agreements to resell
		Selected portfolios of securities purchased under agreements to resell and securities borrowed(2)	$	147,401	$	87,512	$	(375	)	$	528
Trading account assets				15,106		14,289		68			17
Investments				843		646		299			(9	)
Loans
	Certain Corporate loans(3)			3,418		2,627		29			(137	)
	Certain Consumer loans(3)			1,422		1,745		(167	)		70
Total loans			$	4,840	$	4,372	$	(138	)	$	(67	)
Other assets
	MSRs		$	4,258	$	4,554	$	(99	)	$	(1,198	)
	Certain mortgage loans (HFS)			4,198		7,230		73			147
	Certain equity method investments			172		229		(10	)		(31	)
Total other assets			$	8,628	$	12,013	$	(36	)	$	(1,082	)
Total assets			$	176,818	$	118,832	$	(182	)	$	(613	)
Liabilities
Interest-bearing deposits			$	1,751	$	1,265	$	29		$	2
Federal funds purchased and securities loaned or sold under agreements to repurchase
	Selected portfolios of securities sold under agreements to repurchase and securities loaned(2)			125,072		121,193		20			91
Trading account liabilities				3,231		3,953		105			145
Short-term borrowings				1,938		2,429		65			57
Long-term debt				26,999		25,997		49			563
Total			$	158,991	$	154,837	$	268		$	858

(1)

Reclassified to conform to current period's presentation.

(2)

Reflects netting of the amounts due from securities purchased under agreements to resell and the amounts owed under securities sold under agreements to repurchase.

(3)

Includes mortgage loans held by consolidated VIEs .

Schedule of fair value of loans and other disclosures for certain credit related products

	June 30, 2011					December 31, 2010
In millions of dollars	Trading assets		Loans			Trading assets		Loans
Carrying amount reported on the Consolidated Balance Sheet	$	15,049	$	3,108		$	14,241	$	1,748
Aggregate unpaid principal balance in excess of fair value		232		(76	)		167		(88	)
Balance of non-accrual loans or loans more than 90 days past due		41		—			221		—
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		47		—			57		—

Schedule of fair value of loans and other disclosures for certain mortgage loans

In millions of dollars	June 30, 2011		December 31, 2010
Carrying amount reported on the Consolidated Balance Sheet	$	4,198	$	7,230
Aggregate fair value in excess of unpaid principal balance		146		81
Balance of non-accrual loans or loans more than 90 days past due		—		1
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		—		1

Corporate and consumer loans of consolidated VIEs carried at fair value

	June 30, 2011				December 31, 2010
In millions of dollars	Corporate loans		Consumer loans		Corporate loans		Consumer loans
Carrying amount reported on the Consolidated Balance Sheet	$	303	$	1,395	$	425	$	1,718
Aggregate unpaid principal balance in excess of fair value		420		474		357		527
Balance of non-accrual loans or loans more than 90 days past due		37		106		45		133
Aggregate unpaid principal balance in excess of fair value for non- accrual loans or loans more than 90 days past due		41		113		43		139

Schedule of fair value of long-term debt, excluding debt issued by consolidated VIEs

In millions of dollars	June 30, 2011		December 31, 2010
Carrying amount reported on the Consolidated Balance Sheet	$	25,243	$	22,055
Aggregate unpaid principal balance in excess of fair value		36		477

Schedule of fair value of short term borrowings, excluding debt issued by consolidated VIEs

In millions of dollars	June 30, 2011		December 31, 2010
Carrying amount reported on the Consolidated Balance Sheet	$	1,938	$	2,429
Aggregate unpaid principal balance in excess of fair value		125		81