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LOANS (Tables)
 6 Months Ended
Jun. 30, 2012
Consumer
  
Loans receivable  
Schedule of loans
In millions of dollars   June 30,
2012 		  December 31,
2011 		 

Consumer loans

              

In U.S. offices

              

Mortgage and real estate(1)

   $ 132,931   $ 139,177  

Installment, revolving credit, and other

     14,757     15,616  

Cards

     109,755     117,908  

Commercial and industrial

     4,668     4,766  

Lease financing

     —     1  
           

 

   $ 262,111   $ 277,468  
           

In offices outside the U.S.

              

Mortgage and real estate(1)

   $ 53,058   $ 52,052  

Installment, revolving credit, and other

     35,108     34,613  

Cards

     38,721     38,926  

Commercial and industrial

     19,768     19,975  

Lease financing

     719     711  
           

 

   $ 147,374   $ 146,277  
           

Total Consumer loans

   $ 409,485   $ 423,745  

Net unearned income (loss)

     (358 )   (405 )
           

Consumer loans, net of unearned income

   $ 409,127   $ 423,340  
           
(1)
Loans secured primarily by real estate.
Schedule of loan delinquency and non-accrual details

Consumer Loan Delinquency and Non-Accrual Details at June 30, 2012

In millions of dollars   Total
current(1)(2) 		  30-89 days
past due(3) 		  ³ 90 days
past due(3) 		  Past due
Government
guaranteed(4) 		  Total
loans(2) 		  Total
non-accrual 		  90 days past due
and accruing 		 

In North America offices

                                            

Residential first mortgages

   $ 78,226   $ 3,287   $ 4,029   $ 6,435   $ 91,977   $ 4,248   $ 5,028  

Home equity loans(5)

     38,835     729     895     —     40,459     1,615     —  

Credit cards

     107,031     1,640     1,597     —     110,268     —     1,597  

Installment and other

     14,333     285     175     —     14,793     334     13  

Commercial market loans

     7,130     31     140     —     7,301     154     8  
                               

Total

   $ 245,555   $ 5,972   $ 6,836   $ 6,435   $ 264,798   $ 6,351   $ 6,646  
                               

In offices outside North America

                                            

Residential first mortgages

   $ 43,354   $ 560   $ 453     —   $ 44,367   $ 723   $ —  

Home equity loans(5)

     5     —     2     —     7     3     —  

Credit cards

     37,031     946     787     —     38,764     513     497  

Installment and other

     28,179     530     202     —     28,911     258     —  

Commercial market loans

     31,372     55     132     —     31,559     402     —  
                               

Total

   $ 139,941   $ 2,091   $ 1,576     —   $ 143,608   $ 1,899   $ 497  
                               

Total GCB and LCL

   $ 385,496   $ 8,063   $ 8,412   $ 6,435   $ 408,406   $ 8,250   $ 7,143  

Special Asset Pool (SAP)

   $ 662   $ 26   $ 33     —   $ 721   $ 96   $ —  
                               

Total Citigroup

   $ 386,158   $ 8,089   $ 8,445   $ 6,435   $ 409,127   $ 8,346   $ 7,143  
                               
(1)
Loans less than 30 days past due are presented as current.

(2)
Includes $1.3 billion of residential first mortgages recorded at fair value.

(3)
Excludes loans guaranteed by U.S. government entities.

(4)
Consists of residential first mortgages that are guaranteed by U.S. government entities that are 30-89 days past due of $1.4 billion and ³ 90 days past due of $5.0 billion.

(5)
Fixed rate home equity loans and loans extended under home equity lines of credit which are typically in junior lien positions.

Consumer Loan Delinquency and Non-Accrual Details at December 31, 2011

In millions of dollars   Total
current(1)(2) 		  30-89 days
past due(3) 		  ³ 90 days
past due(3) 		  Past due
Government
guaranteed(4) 		  Total
loans(2) 		  Total
non-accrual 		  90 days past due
and accruing 		 

In North America offices

                                            

Residential first mortgages

   $ 81,081   $ 3,550   $ 4,121   $ 6,686   $ 95,438   $ 4,176   $ 5,054  

Home equity loans(5)

     41,585     868     1,022     —     43,475     982     —  

Credit cards

     114,022     2,344     2,058     —     118,424     —     2,058  

Installment and other

     15,215     340     222     —     15,777     438     10  

Commercial market loans

     6,643     15     207     —     6,865     220     14  
                               

Total

   $ 258,546   $ 7,117   $ 7,630   $ 6,686   $ 279,979   $ 5,816   $ 7,136  
                               

In offices outside North America

                                            

Residential first mortgages

   $ 43,310   $ 566   $ 482   $ —   $ 44,358   $ 744   $ —  

Home equity loans(5)

     6     —     2     —     8     2     —  

Credit cards

     38,289     930     785     —     40,004     496     490  

Installment and other

     26,300     528     197     —     27,025     258     —  

Commercial market loans

     30,491     79     127     —     30,697     401     —  
                               

Total

   $ 138,396   $ 2,103   $ 1,593   $ —   $ 142,092   $ 1,901   $ 490  
                               

Total GCB and LCL

   $ 396,942   $ 9,220   $ 9,223   $ 6,686   $ 422,071   $ 7,717   $ 7,626  

Special Asset Pool (SAP)

     1,193     29     47     —     1,269     115     —  
                               

Total Citigroup

   $ 398,135   $ 9,249   $ 9,270   $ 6,686   $ 423,340   $ 7,832   $ 7,626  
                               
(1)
Loans less than 30 days past due are presented as current.

(2)
Includes $1.3 billion of residential first mortgages recorded at fair value.

(3)
Excludes loans guaranteed by U.S. government entities.

(4)
Consists of residential first mortgages that are guaranteed by U.S. government entities that are 30-89 days past due of $1.6 billion and ³ 90 days past due of $5.1 billion.

(5)
Fixed rate home equity loans and loans extended under home equity lines of credit which are typically in junior lien positions.
Schedule of loans credit quality indicators

.

 
   June 30, 2012  
FICO score distribution in U.S. portfolio(1)(2)
In millions of dollars		   Less than
620 		  ³ 620 but less
than 660 		  Equal to or
greater
than 660 		 

Residential first mortgages

   $ 18,410   $ 8,539   $ 52,116  

Home equity loans

     5,977     3,567     29,038  

Credit cards

     8,024     10,140     87,827  

Installment and other

     4,350     2,477     5,596  
               

Total

   $ 36,761   $ 24,723   $ 174,577  
               
(1)
Excludes loans guaranteed by U.S. government entities, loans subject to LTSCs with U.S. government-sponsored entities and loans recorded at fair value.

(2)
Excludes balances where FICO was not available. Such amounts are not material.

 
   December 31, 2011  
FICO score distribution in U.S. portfolio(1)(2)
In millions of dollars		   Less than
620 		  ³ 620 but less
than 660 		  Equal to or
greater
than 660 		 

Residential first mortgages

   $ 20,370   $ 8,815   $ 52,839  

Home equity loans

     6,783     3,703     30,884  

Credit cards

     9,621     10,905     93,234  

Installment and other

     3,789     2,858     6,704  
               

Total

   $ 40,563   $ 26,281   $ 183,661  
               
(1)
Excludes loans guaranteed by U.S. government entities, loans subject to LTSCs with U.S. government-sponsored entities and loans recorded at fair value.

(2)
Excludes balances where FICO was not available. Such amounts are not material.
Schedule of impaired consumer loans

 

 

 
   June 30, 2012   Three Months
Ended
June 30, 2012 		  Three Months
Ended
June 30, 2011 		  Six Months
Ended
June 30, 2012 		  Six Months
Ended
June 30, 2011 		 
In millions of dollars   Recorded
investment(1)(2) 		  Unpaid
principal
balance 		  Related specific
allowance(3) 		  Average carrying
value(4) 		  Interest
income
recognized(5)(6) 		  Interest
income
recognized(5)(6) 		  Interest
income
recognized(5)(6) 		  Interest
income
recognized(5)(6) 		 

Mortgage and real estate

                                                  

Residential first mortgages

   $ 18,710   $ 20,122   $ 3,042   $ 19,175   $ 209   $ 253   $ 423   $ 454  

Home equity loans

     1,668     1,787     1,098     1,751     17     18     32     30  

Credit cards

     5,520     5,575     2,505     6,264     78     101     166     198  

Installment and other

                                                  

Individual installment and other

     1,999     2,272     788     2,287     60     82     130     152  

Commercial market loans

     490     756     74     493     9     7     13     17  
                                   

Total(7)

   $ 28,387   $ 30,512   $ 7,507   $ 29,970   $ 373   $ 461   $ 764   $ 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)
$884 million of residential first mortgages, $40 million of home equity loans and $165 million of commercial market loans do not have a specific allowance.

(3)
Included in the Allowance for loan losses.

(4)
Average carrying value represents the average recorded investment ending balance for last four quarters and 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 $27.9 billion at June 30, 2012. However, information derived from Citi's risk management systems indicates that the amounts of outstanding modified loans, including those modified prior to 2008, approximated $28.9 billion at June 30, 2012.

 
   December 31, 2011  
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

   $ 19,616   $ 20,803   $ 3,404   $ 18,642  

Home equity loans

     1,771     1,823     1,252     1,680  

Credit cards

     6,695     6,743     3,122     6,542  

Installment and other

                          

Individual installment and other

     2,264     2,267     1,032     2,644  

Commercial market loans

     517     782     75     572  
                   

Total(5)

   $ 30,863   $ 32,418   $ 8,885   $ 30,080  
                   
(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)
$858 million of residential first mortgages, $16 million of home equity loans and $182 million of commercial market loans do not have a specific allowance.

(3)
Included in the Allowance for loan losses.

(4)
Average carrying value represents the average recorded investment ending balance for last four quarters and 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 $30.3 billion at December 31, 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 $31.5 billion at December 31, 2011.
Schedule of troubled debt restructurings

Three months ended June 30, 2012:

In millions of dollars except number of loans modified   Number of
loans modified 		  Post-modification
recorded
investment(1) 		  Deferred
principal(2) 		  Contingent
principal
forgiveness(3) 		  Principal
forgiveness 		  Average
interest rate
reduction 		 

North America

                                      

Residential first mortgages

     8,890   $ 1,819   $ 2   $ —   $ 318     2 %

Home equity loans

     2,212     76     1     —     24     2  

Credit cards

     50,163     268     —     —     —     17  

Installment and other revolving

     15,142     112     —     —     —     6  

Commercial markets(4)

     59     5     —     —     —     —  
                           

Total

     76,466   $ 2,280   $ 3   $ —   $ 342        
                           

International

                                      

Residential first mortgages

     557   $ 33   $ —   $ —   $ 1     1 %

Home equity loans

     14     1     —     —     —     —  

Credit cards

     51,804     148     —     —     —     31  

Installment and other revolving

     10,990     62     —     —     —     19  

Commercial markets(4)

     152     37     —     —     1     —  
                           

Total

     63,517   $ 281   $ —   $ —   $ 2        
                           

Three months ended June 30, 2011:

In millions of dollars except number of loans modified   Number of
loans modified 		  Post-modification
recorded
investment(1) 		  Deferred
principal(2) 		  Contingent
principal
forgiveness(3) 		  Principal
forgiveness 		  Average
interest rate
reduction 		 

North America

                                      

Residential first mortgages

     9,088   $ 1,383   $ 16   $ 22   $ —     2 %

Home equity loans

     4,113     199     3     —     —     4  

Credit cards

     150,550     870     —     —     —     19  

Installment and other revolving

     24,642     184     —     —     —     4  

Commercial markets(4)

     136     10     —     —     —     —  
                           

Total

     188,529   $ 2,646   $ 19   $ 22   $ —        
                           

International

                                      

Residential first mortgages

     1,079   $ 58   $ —   $ —   $ 2     1 %

Home equity loans

     20     1     —     —     —     —  

Credit cards

     55,672     147     —     —     —     23  

Installment and other revolving

     43,810     160     —     —     3     12  

Commercial markets(4)

     6     —     —     —     —     —  
                           

Total

     100,587   $ 366   $ —   $ —   $ 5        
                           
(1)
Post-modification balances include past due amounts that are capitalized at modification date.

(2)
Represents portion of loan principal that is non-interest bearing but still due from borrower. Effective in the first quarter of 2012, such deferred principal is charged off at the time of modification to the extent that the related loan balance exceeds the underlying collateral value. A significant amount of the reported balances have been charged off.

(3)
Represents portion of loan principal that is non-interest bearing and, depending upon borrower performance, eligible for forgiveness.

(4)
Commercial markets loans are generally borrower-specific modifications and incorporate changes in the amount and/or timing of principal and/or interest.

Six months ended June 30, 2012:

In millions of dollars except number of loans modified   Number of
loans modified 		  Post-modification
recorded
investment(1) 		  Deferred
principal(2) 		  Contingent
principal
forgiveness(3) 		  Principal
forgiveness 		  Average
interest rate
reduction 		 

North America

                                      

Residential first mortgages

     13,816   $ 2,459   $ 6   $ 2   $ 339     2 %

Home equity loans

     4,856     182     3     —     26     3  

Credit cards

     115,399     613     —     —     —     17  

Installment and other revolving

     34,959     257     —     —     —     6  

Commercial markets(4)

     96     6     —     —     —     —  
                           

Total

     169,126   $ 3,517   $ 9   $ 2   $ 365        
                           

International

                                      

Residential first mortgages

     1,145   $ 66   $ —   $ —   $ 1     1 %

Home equity loans

     30     2     —     —     —     —  

Credit cards

     105,448     298     —     —     —     30  

Installment and other revolving

     23,249     138     —     —     1     18  

Commercial markets(4)

     223     56     —     1     2     —  
                           

Total

     130,095   $ 560   $ —   $ 1   $ 4        
                           

Six months ended June 30, 2011:

In millions of dollars except number of loans modified   Number of
loans modified 		  Post-modification
recorded
investment(1) 		  Deferred
principal(2) 		  Contingent
principal
forgiveness(3) 		  Principal
forgiveness 		  Average
interest rate
reduction 		 

North America

                                      

Residential first mortgages

     19,375   $ 3,037   $ 57   $ 36   $ —     2 %

Home equity loans

     10,751     564     16     1     —     4  

Credit cards

     362,431     2,122     —     —     —     19  

Installment and other revolving

     54,422     411     —     —     —     4  

Commercial markets(4)

     434     31     —     —     —     —  
                           

Total

     447,413   $ 6,165   $ 73   $ 37   $ —        
                           

International

                                      

Residential first mortgages

     2,552   $ 127   $ —   $ —   $ 3     1 %

Home equity loans

     39     2     —     —     —     —  

Credit cards

     126,493     332     —     —     1     21  

Installment and other revolving

     82,727     330     —     —     7     10  

Commercial markets(4)

     9     —     —     —     —     —  
                           

Total

     211,820   $ 791   $ —   $ —   $ 11        
                           
(1)
Post-modification balances include past due amounts that are capitalized at modification date.

(2)
Represents portion of loan principal that is non-interest bearing but still due from borrower. Effective in the first quarter of 2012, such deferred principal is charged off at the time of modification to the extent that the related loan balance exceeds the underlying collateral value. A significant amount of the reported balances have been charged off.

(3)
Represents portion of loan principal that is non-interest bearing and, depending upon borrower performance, eligible for forgiveness.

(4)
Commercial markets loans are generally borrower-specific modifications and incorporate changes in the amount and/or timing of principal and/or interest.
Schedule of troubled debt restructuring loans that defaulted

 

 

In millions of dollars   Three Months
Ended
June 30, 2012(1) 		  Three Months
Ended
June 30, 2011(1) 		  Six Months
Ended
June 30, 2012(1) 		  Six Months
Ended
June 30, 2011(1) 		 

North America

                          

Residential first mortgages

   $ 212   $ 398   $ 653   $ 856  

Home equity loans

     22     27     52     52  

Credit cards

     115     323     280     792  

Installment and other revolving

     29     21     62     40  

Commercial markets

     —     —     —     —  
                   

Total

   $ 378   $ 769   $ 1,047   $ 1,740  
                   

International

                          

Residential first mortgages

   $ 9   $ 28   $ 19   $ 64  

Home equity loans

     —     1     —     2  

Credit cards

     93     105     146     219  

Installment and other revolving

     28     73     65     155  

Commercial markets

     1     —     1     —  
                   

Total

   $ 131   $ 207   $ 231   $ 440  
                   
(1)
Default is defined as 60 days past due, except for classifiably managed commercial markets loans, where default is defined as 90 days past due.
Corporate
  
Loans receivable  
Schedule of loans
In millions of dollars   June 30,
2012 		  December 31,
2011 		 

Corporate

              

In U.S. offices

              

Commercial and industrial

   $ 24,889   $ 20,830  

Loans to financial institutions

     19,134     15,113  

Mortgage and real estate(1)

     23,239     21,516  

Installment, revolving credit and other

     33,838     33,182  

Lease financing

     1,295     1,270  
           

 

   $ 102,395   $ 91,911  
           

In offices outside the U.S.

              

Commercial and industrial

   $ 87,347   $ 79,764  

Installment, revolving credit and other

     17,001     14,114  

Mortgage and real estate(1)

     6,517     6,885  

Loans to financial institutions

     31,302     29,794  

Lease financing

     538     568  

Governments and official institutions

     1,527     1,576  
           

 

   $ 144,232   $ 132,701  
           

Total Corporate loans

   $ 246,627   $ 224,612  

Net unearned income (loss)

     (786 )   (710 )
           

Corporate loans, net of unearned income

   $ 245,841   $ 223,902  
           
(1)
Loans secured primarily by real estate.
Schedule of loan delinquency and non-accrual details

Corporate Loan Delinquency and Non-Accrual Details at June 30, 2012

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

   $ 62   $ 6   $ 68   $ 1,023   $ 109,901   $ 110,992  

Financial institutions

     28     —     28     537     48,060     48,625  

Mortgage and real estate

     167     122     289     779     28,583     29,651  

Leases

     5     —     5     7     1,821     1,833  

Other

     69     12     81     225     50,605     50,911  

Loans at fair value

                                   3,829  
                           

Total

   $ 331   $ 140   $ 471   $ 2,571   $ 238,970   $ 245,841  
                           
(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, 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

   $ 93   $ 30   $ 123   $ 1,134   $ 98,157   $ 99,414  

Financial institutions

     —     2     2     763     42,642     43,407  

Mortgage and real estate

     224     125     349     1,039     26,908     28,296  

Leases

     3     11     14     13     1,811     1,838  

Other

     225     15     240     287     46,481     47,008  

Loans at fair value

                                   3,939  
                           

Total

   $ 545   $ 183   $ 728   $ 3,236   $ 215,999   $ 223,902  
                           
(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.

        Non-Accrual Corporate Loans

 
   June 30, 2012   Three Months Ended
June 30, 2012 		  Six Months Ended
June 30, 2012 		 
In millions of dollars   Recorded
investment(1) 		  Unpaid
principal balance 		  Related specific
allowance 		  Average
carrying value(2) 		  Interest income
recognized 		  Interest income
recognized 		 

Non-accrual corporate loans

                                      

Commercial and industrial

   $ 1,023   $ 1,378   $ 252   $ 1,186   $ 28   $ 35  

Loans to financial institutions

     537     581     16     791     —     —  

Mortgage and real estate

     779     1,129     114     983     3     21  

Lease financing

     7     16     —     13     1     1  

Other

     225     579     35     266     5     6  
                           

Total non-accrual Corporate loans

   $ 2,571   $ 3,683   $ 417   $ 3,239   $ 37   $ 63  
                           


 

 
   December 31, 2011  
In millions of dollars   Recorded
investment(1) 		  Unpaid
principal balance 		  Related specific
allowance 		  Average
carrying value(3) 		 

Non-accrual Corporate loans

                          

Commercial and industrial

   $ 1,134   $ 1,455   $ 186   $ 1,446  

Loans to financial institutions

     763     1,127     28     1,056  

Mortgage and real estate

     1,039     1,245     151     1,487  

Lease financing

     13     21     —     25  

Other

     287     640     55     420  
                   

Total non-accrual Corporate loans

   $ 3,236   $ 4,488   $ 420   $ 4,434  
                   


 

In millions of dollars   Three Months Ended
June 30, 2011 		  Six Months Ended
June 30, 2011 		 

Interest income recognized

   $ 33   $ 46  
           


 

 
   June 30, 2012   December 31, 2011  
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

   $ 530   $ 252   $ 501   $ 186  

Loans to financial institutions

     43     16     78     28  

Mortgage and real estate

     422     114     540     151  

Other

     112     35     120     55  
                   

Total non-accrual Corporate loans with specific allowance

   $ 1,107   $ 417   $ 1,239   $ 420  
                   

Non-accrual Corporate loans without specific allowance

                          

Commercial and industrial

   $ 493         $ 633        

Loans to financial institutions

     494           685        

Mortgage and real estate

     357           499        

Lease financing

     7           13        

Other

     113           167        
                   

Total non-accrual Corporate loans without specific allowance

   $ 1,464     N/A   $ 1,997     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 represents the average recorded investment balance and does not include related specific allowance.

(3)
Average carrying value does not include related specific allowance.

N/A Not Applicable

Schedule of loans credit quality indicators
 
   Recorded investment in loans(1)  
In millions of dollars   June 30,
2012 		  December 31,
2011 		 

Investment grade(2)

              

Commercial and industrial

   $ 73,997   $ 67,282  

Financial institutions

     39,086     35,159  

Mortgage and real estate

     11,860     10,729  

Leases

     1,219     1,161  

Other

     45,135     42,428  
           

Total investment grade

   $ 171,297   $ 156,759  
           

Non-investment grade(2)

              

Accrual

              

Commercial and industrial

   $ 35,972   $ 30,998  

Financial institutions

     9,002     7,485  

Mortgage and real estate

     3,477     3,812  

Leases

     607     664  

Other

     5,551     4,293  

Non-accrual

              

Commercial and industrial

     1,023     1,134  

Financial institutions

     537     763  

Mortgage and real estate

     779     1,039  

Leases

     7     13  

Other

     225     287  
           

Total non-investment grade

   $ 57,180   $ 50,488  
           

Private Banking loans managed on a

              

delinquency basis(2)

   $ 13,535   $ 12,716  

Loans at fair value

     3,829     3,939  
           

Corporate loans, net of unearned income

   $ 245,841   $ 223,902  
           
(1)
Recorded investment in a loan includes net deferred loan fees and costs, unamortized premium or discount, less any direct write-downs.

(2)
Held-for-investment loans accounted for on an amortized cost basis.
Schedule of troubled debt restructurings

 The following table presents TDRs occurring during the three-month period ended June 30, 2012.

In millions of dollars   Carrying
Value 		  TDRs
involving changes
in the amount
and/or timing of
principal payments(1) 		  TDRs
involving changes
in the amount
and/or timing of
interest payments(2) 		  TDRs
involving changes
in the amount
and/or timing of
both principal and
interest payments 		  Balance of
principal forgiven
or deferred 		  Net
P&L
impact(3) 		 

Commercial and industrial

   $ 22   $ 7   $ 4   $ 11   $ —   $ —  

Loans to financial institutions

     —     —     —     —     —     —  

Mortgage and real estate

     32     —     —     32     —     —  

Other

     —     —     —     —     —     —  
                           

Total

   $ 54   $ 7   $ 4   $ 43   $ —   $ —  
                           
(1)
TDRs involving changes in the amount or timing of principal payments may involve principal forgiveness or deferral of periodic and/or final principal payments.

(2)
TDRs involving changes in the amount or timing of interest payments may involve a below-market interest rate.

(3)
Balances reflect charge-offs and reserves recorded during the three months ended June 30, 2012 on loans subject to a TDR during the period then ended.

        The following table presents TDRs occurring during the three-month period ended June 30, 2011.

In millions of dollars   Carrying
Value 		  TDRs
involving changes
in the amount
and/or timing of
principal payments(1) 		  TDRs
involving changes
in the amount
and/or timing of
interest payments(2) 		  TDRs
involving changes
in the amount
and/or timing of
both principal and
interest payments 		  Balance of
principal forgiven
or deferred 		  Net
P&L
impact(3) 		 

Commercial and industrial

   $ 40   $ —   $ —   $ 40   $ —   $ 1  

Loans to financial institutions

     —     —     —     —     —     —  

Mortgage and real estate

     1     1     —     —     1     —  

Other

     —     —     —     —     —     —  
                           

Total

   $ 41   $ 1   $ —   $ 40   $ 1   $ 1  
                           
(1)
TDRs involving changes in the amount or timing of principal payments may involve principal forgiveness or deferral of periodic and/or final principal payments.

(2)
TDRs involving changes in the amount or timing of interest payments may involve a below-market interest rate.

(3)
Balances reflect charge-offs and reserves recorded during the three months ended June 30, 2011 on loans subject to a TDR during the period then ended.

        The following table presents TDRs occurring during the six-month period ended June 30, 2012.

In millions of dollars   Carrying
Value 		  TDRs
involving changes
in the amount
and/or timing of
principal payments(1) 		  TDRs
involving changes
in the amount
and/or timing of
interest payments(2) 		  TDRs
involving changes
in the amount
and/or timing of
both principal and
interest payments 		  Balance of
principal forgiven
or deferred 		  Net
P&L
impact(3) 		 

Commercial and industrial

   $ 39   $ 24   $ 4   $ 11   $ —   $ 1  

Loans to financial institutions

     —     —     —     —     —     —  

Mortgage and real estate

     93     60     —     33     —     —  

Other

     —     —     —     —     —     —  
                           

Total

   $ 132   $ 84   $ 4   $ 44   $ —   $ 1  
                           
(1)
TDRs involving changes in the amount or timing of principal payments may involve principal forgiveness or deferral of periodic and/or final principal payments.

(2)
TDRs involving changes in the amount or timing of interest payments may involve a below-market interest rate.

(3)
Balances reflect charge-offs and reserves recorded during the six months ended June 30, 2012 on loans subject to a TDR during the period then ended.

        The following table presents TDRs occurring during the six-month period ended June 30, 2011.

In millions of dollars   Carrying
Value 		  TDRs
involving changes
in the amount
and/or timing of
principal payments(1) 		  TDRs
involving changes
in the amount
and/or timing of
interest payments(2) 		  TDRs
involving changes
in the amount
and/or timing of
both principal and
interest payments 		  Balance of
principal forgiven
or deferred 		  Net
P&L
impact(3) 		 

Commercial and industrial

   $ 40   $ —   $ —   $ 40   $ —   $ 1  

Loans to financial institutions

     —     —     —     —     —     —  

Mortgage and real estate

     228     3     —     225     4     37  

Other

     —     —     —     —     —     —  
                           

Total

   $ 268   $ 3   $ —   $ 265   $ 4   $ 38  
                           
(1)
TDRs involving changes in the amount or timing of principal payments may involve principal forgiveness or deferral of periodic and/or final principal payments.

(2)
TDRs involving changes in the amount or timing of interest payments may involve a below-market interest rate.

(3)
Balances reflect charge-offs and reserves recorded during the six months ended June 30, 2011 on loans subject to a TDR during the period then ended.

      
Schedule of troubled debt restructuring loans that defaulted

 

 

In millions of dollars   TDR Balances at
June 30, 2012 		  TDR Loans in
payment default
Three Months Ended
June 30, 2012 		  TDR Loans in
payment default
Six Months Ended
June 30, 2012 		  TDR Balances at
June 30, 2011 		  TDR Loans in
payment default
Three Months Ended
June 30, 2011 		  TDR Loans in
payment default
Six Months Ended
June 30, 2011 		 

Commercial and industrial

   $ 388   $ 7   $ 7   $ 367   $ 1   $ 1  

Loans to financial institutions

     30     —     —     —     —     —  

Mortgage and real estate

     153     —     —     364     —     —  

Other

     572     —     —     618     —     —  
                           

Total

   $ 1,143   $ 7   $ 7   $ 1,349   $ 1   $ 1  
                           
(1)
Payment default constitutes failure to pay principal or interest when due per the contractual terms of the loan.
Mortgage and real estate
  
Loans receivable  
Schedule of loans credit quality indicators

 

 

 
   June 30, 2012  
LTV distribution in U.S. portfolio(1)(2)
In millions of dollars		   Less than or
equal to 80% 		  > 80% but less
than or equal to
100% 		  Greater
than
100% 		 

Residential first mortgages

   $ 37,631   $ 20,040   $ 21,408  

Home equity loans

     12,098     9,480     16,811  
               

Total

   $ 49,729   $ 29,520   $ 38,219  
               
(1)
Excludes loans guaranteed by U.S. government entities, loans subject to LTSCs with U.S. government-sponsored entities and loans recorded at fair value.

(2)
Excludes balances where LTV was not available. Such amounts are not material.

 
   December 31, 2011  
LTV distribution in U.S. portfolio(1)(2)
In millions of dollars 		  Less than or
equal to 80% 		  > 80% but less
than or equal to
100% 		  Greater
than
100% 		 

Residential first mortgages

   $ 36,422   $ 21,146   $ 24,425  

Home equity loans

     12,724     10,232     18,226  
               

Total

   $ 49,146   $ 31,378   $ 42,651  
               
(1)
Excludes loans guaranteed by U.S. government entities, loans subject to LTSCs with U.S. government-sponsored entities and loans recorded at fair value.

(2)
Excludes balances where LTV was not available. Such amounts are not material.