FAIR VALUE ELECTIONS (Tables)

6 Months Ended

Jun. 30, 2012

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, 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)	$	167,973	$	142,862	$	(159	)	$	(375	)
Trading account assets		13,179		14,179		673			68
Investments		446		526		(19	)		299
Loans
Certain Corporate loans(2)		3,829		3,939		35			29
Certain Consumer loans(2)		1,260		1,326		(69	)		(167	)
Total loans	$	5,089	$	5,265	$	(34	)	$	(138	)
Other assets
MSRs	$	2,117	$	2,569	$	(293	)	$	(99	)
Certain mortgage loans held for sale		4,606		6,213		254			73
Certain equity method investments		47		47		1			(10	)
Total other assets	$	6,770	$	8,829	$	(38	)	$	(36	)
Total assets	$	193,457	$	171,661	$	423		$	(182	)
Liabilities
Interest-bearing deposits	$	1,415	$	1,326	$	(40	)	$	29
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)		132,637		112,770		1			20
Trading account liabilities		1,872		1,763		(91	)		105
Short-term borrowings		1,043		1,354		88			85
Long-term debt		26,517		24,172		(221	)		465
Total liabilities	$	163,484	$	141,385	$	(263	)	$	704

(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, 2010.

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

	June 30, 2012						December 31, 2011
In millions of dollars	Trading assets			Loans			Trading assets		Loans
Carrying amount reported on the Consolidated Balance Sheet	$	13,141			3,667		$	14,150	$	3,735
Aggregate unpaid principal balance in excess of fair value		(181	)		(91	)		540		(54	)
Balance of non-accrual loans or loans more than 90 days past due		169			—			134		—
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		25			—			43		—

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

In millions of dollars	June 30, 2012		December 31, 2011
Carrying amount reported on the Consolidated Balance Sheet	$	4,606	$	6,213
Aggregate fair value in excess of unpaid principal balance		273		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

	June 30, 2012				December 31, 2011
In millions of dollars	Corporate loans		Consumer loans		Corporate loans		Consumer loans
Carrying amount reported on the Consolidated Balance Sheet	$	156	$	1,226	$	198	$	1,292
Aggregate unpaid principal balance in excess of fair value		389		379		394		436
Balance of non-accrual loans or loans more than 90 days past due		23		102		23		86
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		43		123		42		120

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

In millions of dollars	June 30, 2012			December 31, 2011
Carrying amount reported on the Consolidated Balance Sheet	$	25,146		$	22,614
Aggregate unpaid principal balance in excess of fair value		(2,314	)		1,680

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

In millions of dollars	June 30, 2012			December 31, 2011
Carrying amount reported on the Consolidated Balance Sheet	$	1,043		$	1,354
Aggregate unpaid principal balance in excess of fair value		(125	)		49