FAIR VALUE ELECTIONS (Tables)

3 Months Ended

Mar. 31, 2012

FAIR VALUE ELECTIONS

Schedule of financial instruments selected for fair value accounting

	Fair value at				Changes in fair value gains (losses) for the three months ended March 31,
In millions of dollars	March 31, 2012		December 31, 2011		2012			2011
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(1)	$	172,435	$	142,862	$	(213	)	$	(513	)
Trading account assets		14,748		14,179		704			321
Investments		566		526		24			293
Loans
Certain Corporate loans(2)		3,430		3,939		56			(27	)
Certain Consumer loans(2)		1,314		1,326		(15	)		(95	)
Total loans	$	4,744	$	5,265	$	41		$	(122	)
Other assets
MSRs	$	2,691	$	2,569	$	187		$	208
Certain mortgage loans (HFS)		2,862		6,213		112			72
Certain equity method investments		48		47		1			7
Total other assets	$	5,601	$	8,829	$	300		$	287
Total assets	$	198,094	$	171,661	$	856		$	266
Liabilities
Interest-bearing deposits	$	1,327	$	1,326	$	(51	)	$	7
Federal funds purchased and securities loaned or sold under agreements to repurchase
Selected portfolios of securities sold under agreements to repurchase and securities loaned(1)		137,571		112,770		26			30
Trading account liabilities		1,841		1,763		(249	)		(93	)
Short-term borrowings		1,217		1,354		111			(17	)
Long-term debt		26,700		24,172		377			(114	)
Total liabilites	$	168,656	$	141,385	$	214		$	(187	)

(1)

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

(2)

Includes mortgage loans held by mortgage loan securitization VIEs consolidated upon the adoption of SFAS 167 on January 1, 2011.

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

	March 31, 2012					December 31, 2011
In millions of dollars	Trading assets		Loans			Trading assets		Loans
Carrying amount reported on the Consolidated Balance Sheet	$	14,706	$	3,234		$	14,150	$	3,735
Aggregate unpaid principal balance in excess of fair value		443		(69	)		540		(54	)
Balance of non-accrual loans or loans more than 90 days past due		35		—			134		—
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		40		—			43		—

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

In millions of dollars	March 31, 2012		December 31, 2011
Carrying amount reported on the Consolidated Balance Sheet	$	2,862	$	6,213
Aggregate fair value in excess of unpaid principal balance		126		274
Balance of non-accrual loans or loans more than 90 days past due		—		—
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		—		—

Corporate and consumer loans of consolidated VIEs carried at fair value

	March 31, 2012				December 31, 2011
In millions of dollars	Corporate loans		Consumer loans		Corporate loans		Consumer loans
Carrying amount reported on the Consolidated Balance Sheet	$	190	$	1,279	$	198	$	1,292
Aggregate unpaid principal balance in excess of fair value		378		385		394		436
Balance of non-accrual loans or loans more than 90 days past due		25		121		23		86
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		43		93		42		120

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

In millions of dollars	March 31, 2012			December 31, 2011
Carrying amount reported on the Consolidated Balance Sheet	$	25,172		$	22,614
Aggregate unpaid principal balance in excess of fair value		(1,669	)		1,680

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

In millions of dollars	March 31, 2012			December 31, 2011
Carrying amount reported on the Consolidated Balance Sheet	$	1,217		$	1,354
Aggregate unpaid principal balance in excess of fair value		(105	)		49