TRADING ACCOUNT ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2011

TRADING ACCOUNT ASSETS AND LIABILITIES

Trading account assets and liabilities

In millions of dollars		September 30, 2011		December 31, 2010
Trading account assets
Mortgage-backed securities(1)
	U.S. government-sponsored agency guaranteed	$	27,631	$	27,127
	Prime		1,391		1,514
	Alt-A		1,234		1,502
	Subprime		1,351		2,036
	Non-U.S. residential		550		1,052
	Commercial		2,960		1,758
Total mortgage-backed securities		$	35,117	$	34,989
U.S. Treasury and federal agency securities
	U.S. Treasury	$	15,469	$	20,168
	Agency obligations		3,135		3,418
Total U.S. Treasury and federal agencies		$	18,604	$	23,586
State and municipal securities		$	6,269	$	7,493
Foreign government securities			102,890		88,311
Corporate			43,664		51,422
Derivatives(2)			60,265		50,213
Equity securities			31,395		37,436
Asset-backed securities(1)			7,003		8,606
Other debt securities			15,430		15,216
Total trading account assets		$	320,637	$	317,272
Trading account liabilities
Securities sold, not yet purchased		$	87,597	$	69,324
Derivatives(2)			61,254		59,730
Total trading account liabilities		$	148,851	$	129,054

(1)

The Company invests in mortgage-backed securities and asset-backed securities. These securitization entities are generally considered VIEs. The Company's maximum exposure to loss from these VIEs is equal to the carrying amount of the securities, which is reflected in the table above. For mortgage-backed and asset-backed securitizations in which the Company has other involvement, information is provided in Note 17 to the Consolidated Financial Statements.

(2)

Presented net, pursuant to master netting agreements. See Note 18 to the Consolidated Financial Statements for a discussion regarding the accounting and reporting for derivatives.