Citigroup loans are reported in two categories—Consumer and Corporate. These categories are classified primarily according to the segment and subsegment that manages the loans.

Consumer loans represent loans and leases managed primarily by the Global Consumer Banking and Local Consumer Lending businesses. The following table provides information by loan type:

*In millions of dollars*	September 30, 2012			December 31, 2011

Consumer loans
In U.S. offices
Mortgage and real estate(1)	$	128,737		$	139,177
Installment, revolving credit, and other		14,210			15,616
Cards		108,819			117,908
Commercial and industrial		5,042			4,766
Lease financing		—			1

	$	256,808		$	277,468

In offices outside the U.S.
Mortgage and real estate(1)	$	54,529		$	52,052
Installment, revolving credit, and other		36,290			34,613
Cards		39,671			38,926
Commercial and industrial		20,070			19,975
Lease financing		742			711

	$	151,302		$	146,277

Total Consumer loans	$	408,110		$	423,745
Net unearned income		(358	)		(405	)

Consumer loans, net of unearned income	$	407,752		$	423,340

Included in the loan table above are lending products whose terms may give rise to additional credit issues. Credit cards with below-market introductory interest rates and interest-only loans are examples of such products. However, these products are closely managed using appropriate credit techniques that are intended to mitigate their additional inherent risk.

During the three and nine months ended September 30, 2012 and 2011, the Company sold and/or reclassified (to held-for-sale) $1.3 billion and $3.1 billion, and $2.7 billion and $14.0 billion, respectively, of Consumer loans. The Company did not have significant purchases of Consumer loans during the nine months ended September 30, 2012 or September 30, 2011.

Citigroup has established a risk management process to monitor, evaluate and manage the principal risks associated with its Consumer loan portfolio. Credit quality indicators that are actively monitored include delinquency status, consumer credit scores (FICO), and loan to value (LTV) ratios, each as discussed in more detail below.

Delinquency status is carefully monitored and considered a key indicator of credit quality. Substantially all of the U.S. residential first mortgage loans use the MBA method of reporting delinquencies, which considers a loan delinquent if a monthly payment has not been received by the end of the day immediately preceding the loan's next due date. All other loans use the OTS method of reporting delinquencies, which considers a loan delinquent if a monthly payment has not been received by the close of business on the loan's next due date.

As a general rule, residential first mortgages, home equity loans and installment loans are classified as non-accrual when loan payments are 90 days contractually past due. Credit cards and unsecured revolving loans generally accrue interest until payments are 180 days past due. Commercial market loans are placed on a cash (non-accrual) basis when it is determined, 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 or when interest or principal is 90 days past due.

The policy for re-aging modified U.S. Consumer loans to current status varies by product. Generally, one of the conditions to qualify for these modifications is that a minimum number of payments (typically ranging from one to three) be made. Upon modification, the loan is re-aged to current status. However, re-aging practices for certain open-ended Consumer loans, such as credit cards, are governed by Federal Financial Institutions Examination Council (FFIEC) guidelines. For open-ended Consumer loans subject to FFIEC guidelines, one of the conditions for the loan to be re-aged to current status is that at least three consecutive minimum monthly payments, or the equivalent amount, must be received. In addition, under FFIEC guidelines, the number of times that such a loan can be re-aged is subject to limitations (generally once in 12 months and twice in five years). Furthermore, Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans are modified under those respective agencies' guidelines, and payments are not always required in order to re-age a modified loan to current.

The following tables provide details on Citigroup's Consumer loan delinquency and non-accrual loans as of September 30, 2012 and 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(5)		90 days past due and accruing

In North America offices
Residential first mortgages	$	76,311	$	3,495	$	3,684	$	6,235	$	89,725	$	5,295	$	4,842
Home equity loans(6)		37,071		703		853		—		38,627		1,889		—
Credit cards		106,261		1,590		1,496		—		109,347		—		1,496
Installment and other		13,656		297		327		—		14,280		318		10
Commercial market loans		7,379		29		15		—		7,423		149		9

Total	$	240,678	$	6,114	$	6,375	$	6,235	$	259,402	$	7,651	$	6,357

In offices outside North America
Residential first mortgages	$	45,305	$	606	$	479	$	—	$	46,390	$	778	$	—
Home equity loans(6)		4		—		2		—		6		2		—
Credit cards		37,967		959		778		—		39,704		513		487
Installment and other		29,180		508		197		—		29,885		260		—
Commercial market loans		31,435		105		167		—		31,707		466		—

Total	$	143,891	$	2,178	$	1,623	$	—	$	147,692	$	2,019	$	487

Total *GCB* and *LCL*	$	384,569	$	8,292	$	7,998	$	6,235	$	407,094	$	9,670	$	6,844
Special Asset Pool (SAP)	$	594	$	31	$	33	$	—	$	658	$	91		—

Total Citigroup	$	385,163	$	8,323	$	8,031	$	6,235	$	407,752	$	9,761	$	6,844

(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 $4.8 billion.
(5): Includes $1.5 billion of loans ($1.2 billion of residential first mortgages and $0.3 billion of home equity loans) in North America that were reclassified to non-accrual as a result of new OCC guidance with respect to the treatment of mortgage loans where the borrower has gone through Chapter 7 bankruptcy. (See Note 1 to the Consolidated Financial Statements.) Of the $1.5 billion of such non-accrual loans, $1.3 billion was current as of September 30, 2012.
(6): Fixed rate home equity loans and loans extended under home equity lines of credit which are typically in junior lien positions.

*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

In the U.S., independent credit agencies rate an individual's risk for assuming debt based on the individual's credit history and assign every consumer a "FICO" credit score. These scores are continually updated by the agencies based upon an individual's credit actions (e.g., taking out a loan or missed or late payments).

The following table provides details on the FICO scores attributable to Citi's U.S. Consumer loan portfolio as of September 30, 2012 and December 31, 2011 (commercial market loans are not included in the table since they are business-based and FICO scores are not a primary driver in their credit evaluation). FICO scores are updated monthly for substantially all of the portfolio or, otherwise, on a quarterly basis.

	September 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	$	17,497	$	8,270	$	51,322
Home equity loans		5,646		3,295		27,820
Credit cards		7,790		10,128		87,334
Installment and other		4,422		2,459		5,457

Total	$	35,355	$	24,152	$	171,933

	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

LTV ratios (loan balance divided by appraised value) are calculated at origination and updated by applying market price data.

The following tables provide details on the LTV ratios attributable to Citi's U.S. Consumer mortgage portfolios as of September 30, 2012 and December 31, 2011. LTV ratios are updated monthly using the most recent Core Logic HPI data available for substantially all of the portfolio applied at the Metropolitan Statistical Area level, if available; otherwise, at the state level. The remainder of the portfolio is updated in a similar manner using the Office of Federal Housing Enterprise Oversight indices.

Impaired loans are those for which Citigroup believes it is probable that it will not collect all amounts due according to the original contractual terms of the loan. Impaired Consumer loans include non-accrual commercial market loans as well as smaller-balance homogeneous loans whose terms have been modified due to the borrower's financial difficulties and Citigroup has granted a concession to the borrower. These modifications may include interest rate reductions and/or principal forgiveness. Impaired Consumer loans exclude smaller-balance homogeneous loans that have not been modified and are carried on a non-accrual basis. In addition, impaired Consumer loans exclude substantially all loans modified pursuant to Citi's short-term modification programs (i.e., for periods of 12 months or less) that were modified prior to January 1, 2011.

Effective in the third quarter of 2012, as a result of new OCC guidance, mortgage loans to borrowers that have gone through Chapter 7 bankruptcy are classified as TDRs. These TDRs, other than FHA-insured loans, are written down to collateral value less cost to sell. FHA-insured loans are reserved based on a discounted cash flow model. (See Note 1 to the Consolidated Financial Statements.) Approximately $635 million of incremental charge-offs was recorded in the third quarter as a result of this new guidance, the vast majority of which related to current loans, and was substantially offset by a related reserve release of approximately $600 million. As of September 30, 2012, the recorded investment in receivables reclassified to TDRs as a result of this new OCC guidance approximated $1,714 million, composed of $1,327 million of residential first mortgages and $387 million of home equity loans.

The following tables present information about total impaired Consumer loans at September 30, 2012 and December 31, 2011, respectively, and for the three- and nine-month periods ended September 30, 2012 and September 30, 2011 for interest income recognized on impaired Consumer loans:

	Sept. 30, 2012								Three Months Ended Sept. 30, 2012		Three Months Ended Sept. 30, 2011		Nine Months Ended Sept. 30, 2012		Nine Months Ended Sept.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	$	21,169	$	22,444	$	2,809	$	19,643	$	251	$	220	$	674	$	674
Home equity loans		2,134		2,319		1,248		1,820		31		21		64		51
Credit cards		5,014		5,071		2,032		5,800		75		98		240		296
Installment and other
Individual installment and other		2,013		2,018		858		2,121		88		75		218		228
Commercial market loans		519		700		74		514		5		3		18		19

Total(7)	$	30,849	$	32,552	$	7,021	$	29,898	$	450	$	417	$	1,214	$	1,268

(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): $2,517 million of residential first mortgages, $438 million of home equity loans and $186 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 $30.3 billion at September 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 $31.3 billion at September 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.

The following tables present Consumer TDRs occurring during the three- and nine-month periods ended September 30, 2012 and 2011:

*In millions of dollars except number of loans modified*		Post-modification recorded investment(1)(2)		Chapter 7 bankruptcy(2)		Deferred principal(3)		Contingent principal forgiveness(4)		Principal forgiveness

North America
Residential first mortgages	33,751	$	3,905	$	181	$	2	$	—	$	66	1	%
Home equity loans	23,728		507		454		1		—		8	—
Credit cards	46,178		229		—		—		—		—	16
Installment and other revolving	14,759		106		—		—		—		—	6
Commercial markets(5)	42		7		—		—		—		—	—

Total	118,458	$	4,754	$	635	$	3	$	—	$	74

International
Residential first mortgages	1,078	$	55	$	—	$	—	$	—	$	1	1	%
Home equity loans	9		1		—		—		—		—	—
Credit cards	51,149		162		—		—		—		—	28
Installment and other revolving	10,807		61		—		—		—		—	34
Commercial markets(5)	58		73		—		—		—		—	—

Total	63,101	$	352		—		—		—	$	1

*In millions of dollars except number of loans modified*		Post-modification recorded investment(1)		Deferred principal(3)		Contingent principal forgiveness(4)		Principal forgiveness

North America
Residential first mortgages	7,448	$	1,187	$	—	$	10	$	—	2	%
Home equity loans	3,770		195		—		—		—	4
Credit cards	146,783		853		—		—		—	19
Installment and other revolving	23,289		173		—		—		—	4
Commercial markets(5)	54		6		—		—		—	—

Total	181,344	$	2,414	$	—	$	10	$	—

International
Residential first mortgages	2,283	$	78	$	—	$	—	$	1	1	%
Home equity loans	10		1		—		—		—	—
Credit cards	48,800		142		—		—		—	26
Installment and other revolving	32,716		128		—		—		1	12
Commercial markets(5)	34		30		—		—		—	—

Total	83,843	$	379	$	—	$	—	$	2

(1): Post-modification balances include past due amounts that are capitalized at modification date.
(2): Post-modification balances in North America include $2,797 million of residential first mortgages and $473 million of home equity loans to borrowers that have gone through Chapter 7 bankruptcy. These amounts include $1,327 million of residential first mortgages and $387 million of home equity loans that are now classified as TDRs as a result of new OCC guidance. Chapter 7 bankruptcy column amounts are the incremental charge-offs that were recorded in the third quarter of 2012 as a result of this new OCC guidance.
(3): 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.
(4): Represents portion of loan principal that is non-interest bearing and, depending upon borrower performance, eligible for forgiveness.
(5): Commercial markets loans are generally borrower-specific modifications and incorporate changes in the amount and/or timing of principal and/or interest.

*In millions of dollars except number of loans modified*		Post-modification recorded investment(1)(2)		Chapter 7 bankruptcy(2)		Deferred principal(3)		Contingent principal forgiveness(4)		Principal forgiveness

North America
Residential first mortgages	47,567	$	6,365	$	181	$	8	$	2	$	405	2	%
Home equity loans	28,584		689		454		4		—		34	2
Credit cards	161,577		841		—		—		—		—	17
Installment and other revolving	49,991		365		—		—		—		—	6
Commercial markets(5)	138		13		—		—		—		—	—

Total	287,857	$	8,273	$	635	$	12	$	2	$	439

International
Residential first mortgages	4,113	$	176	$	—	$	—	$	—	$	2	1	%
Home equity loans	39		3		—		—		—		—	—
Credit cards	156,477		465		—		—		—		1	29
Installment and other revolving	34,042		202		—		—		—		1	23
Commercial markets(5)	281		129		—		—		1		2	—

Total	194,952	$	975	$	—	$	—	$	1	$	6

*In millions of dollars except number of loans modified*		Post-modification recorded investment(1)		Deferred principal(3)		Contingent principal forgiveness(4)		Principal forgiveness

North America
Residential first mortgages	26,823	$	4,224	$	57	$	45	$	—	2	%
Home equity loans	14,521		759		16		1		—	4
Credit cards	509,214		2,976		—		—		—	19
Installment and other revolving	77,858		586		—		—		—	4
Commercial markets(5)	491		49		—		—		1	—

Total	628,907	$	8,594	$	73	$	46	$	1

International
Residential first mortgages	5,987	$	242	$	—	$	—	$	5	1	%
Home equity loans	49		3		—		—		—	—
Credit cards	172,582		475		—		—		2	23
Installment and other revolving	115,034		459		—		—		8	11
Commercial markets(5)	43		48		—		—		—	—

Total	293,695	$	1,227	$	—	$	—	$	15

(1): Post-modification balances include past due amounts that are capitalized at modification date.
(2): Post-modification balances in North America include $2,797 million of residential first mortgages and $473 million of home equity loans to borrowers that have gone through Chapter 7 bankruptcy. These amounts include $1,327 million of residential first mortgages and $387 million of home equity loans that are now classified as TDRs as a result of new OCC guidance. Chapter 7 bankruptcy column amounts are the incremental charge-offs that were recorded in the third quarter of 2012 as a result of this new OCC guidance.
(3): 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.
(4): Represents portion of loan principal that is non-interest bearing and, depending upon borrower performance, eligible for forgiveness.
(5): Commercial markets loans are generally borrower-specific modifications and incorporate changes in the amount and/or timing of principal and/or interest.

The following table presents Consumer TDRs that defaulted during the three- and nine-month periods ended September 30, 2012 and 2011, respectively, and for which the payment default occurred within one year of the modification:

*In millions of dollars*	Three Months Ended Sept. 30, 2012(1)		Three Months Ended Sept. 30, 2011(1)		Nine Months Ended Sept. 30, 2012(1)		Nine Months Ended Sept.30, 2011(1)

North America
Residential first mortgages	$	240	$	448	$	893	$	1,303
Home equity loans		21		30		73		82
Credit cards		82		284		362		1,077
Installment and other revolving		31		35		94		75
Commercial markets		—		1		—		2

Total	$	374	$	798	$	1,422	$	2,539

International
Residential first mortgages	$	12	$	27	$	42	$	96
Home equity loans		—		—		—		2
Credit cards		52		70		155		265
Installment and other revolving		25		47		90		193
Commercial markets		2		8		3		11

Total	$	91	$	152	$	290	$	567

Corporate loans represent loans and leases managed by the Institutional Clients Group or the Special Asset Pool in Citi Holdings. The following table presents information by Corporate loan type as of September 30, 2012 and December 31, 2011:

*In millions of dollars*	September 30, 2012			December 31, 2011

Corporate
In U.S. offices
Commercial and industrial	$	30,056		$	20,830
Loans to financial institutions		17,376			15,113
Mortgage and real estate(1)		24,221			21,516
Installment, revolving credit and other		32,987			33,182
Lease financing		1,394			1,270

	$	106,034		$	91,911

In offices outside the U.S.
Commercial and industrial	$	85,854		$	79,764
Installment, revolving credit and other		16,758			14,114
Mortgage and real estate(1)		6,214			6,885
Loans to financial institutions		35,014			29,794
Lease financing		574			568
Governments and official institutions		984			1,576

	$	145,398		$	132,701

Total Corporate loans	$	251,432		$	224,612
Net unearned income (loss)		(761	)		(710	)

Corporate loans, net of unearned income	$	250,671		$	223,902

The Company sold and/or reclassified (to held-for-sale) $2,384 million and $745 million of Corporate loans during the nine and three months ended September 30, 2012, respectively, and $4,736 million and $1,067 million during the nine and three months ended September 30, 2011, respectively. The Company did not have significant purchases of Corporate loans classified as held-for-investment during the nine and three months ended September 30, 2012 and September 30, 2011.

Corporate loans are identified as impaired and placed on a cash (non-accrual) basis when it is determined, 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 or when interest or principal is 90 days past due, except when the loan is well collateralized and in the process of collection. Any interest accrued on impaired Corporate loans and leases is reversed at 90 days and charged against current earnings, and interest is thereafter included in earnings only to the extent actually received in cash. When there is doubt regarding the ultimate collectability of principal, all cash receipts are thereafter applied to reduce the recorded investment in the loan. While Corporate loans are generally managed based on their internally assigned risk rating (see further discussion below), the following tables present delinquency information by Corporate loan type as of September 30, 2012 and 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	$	48	$	16	$	64	$	974	$	113,854	$	114,892
Financial institutions		—		—		—		465		50,111		50,576
Mortgage and real estate		207		109		316		841		29,167		30,324
Leases		4		—		4		6		1,958		1,968
Other		96		6		102		143		48,563		48,808
Loans at fair value												4,103

Total	$	355	$	131	$	486	$	2,429	$	243,653	$	250,671

(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.

*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.

Citigroup has established a risk management process to monitor, evaluate and manage the principal risks associated with its Corporate loan portfolio. As part of its risk management process, Citi assigns numeric risk ratings to its Corporate loan facilities based on quantitative and qualitative assessments of the obligor and facility. These risk ratings are reviewed at least annually or more often if material events related to the obligor or facility warrant. Factors considered in assigning the risk ratings include: financial condition of the obligor, qualitative assessment of management and strategy, amount and sources of repayment, amount and type of collateral and guarantee arrangements, amount and type of any contingencies associated with the obligor, and the obligor's industry and geography.

The obligor risk ratings are defined by ranges of default probabilities. The facility risk ratings are defined by ranges of loss norms, which are the product of the probability of default and the loss given default. The investment grade rating categories are similar to the category BBB-/Baa3 and above as defined by S&P and Moody's. Loans classified according to the bank regulatory definitions as special mention, substandard and doubtful will have risk ratings within the non-investment grade categories.

Corporate Loans Credit Quality Indicators at September 30, 2012 and December 31, 2011

	Recorded investment in loans(1)

*In millions of dollars*	September 30, 2012		December 31, 2011
Investment grade(2)
Commercial and industrial	$	78,820	$	67,282
Financial institutions		39,973		35,159
Mortgage and real estate		12,176		10,729
Leases		1,293		1,161
Other		43,903		42,428

Total investment grade	$	176,165	$	156,759

Non-investment grade(2)
Accrual
Commercial and industrial	$	35,098	$	30,998
Financial institutions		10,138		7,485
Mortgage and real estate		3,085		3,812
Leases		669		664
Other		4,762		4,293
Non-accrual
Commercial and industrial		974		1,134
Financial institutions		465		763
Mortgage and real estate		841		1,039
Leases		6		13
Other		143		287

Total non-investment grade	$	56,181	$	50,488

Private Banking loans managed on a
delinquency basis(2)	$	14,222	$	12,716
Loans at fair value		4,103		3,939

Corporate loans, net of unearned income	$	250,671	$	223,902

Corporate loans and leases identified as impaired and placed on non-accrual status are written down to the extent that principal is judged to be uncollectible. Impaired collateral-dependent loans and leases, where repayment is expected to be provided solely by the sale of the underlying collateral and there are no other available and reliable sources of repayment, are written down to the lower of cost or collateral value, less cost to sell. Cash-basis loans are returned to an accrual status when all contractual principal and interest amounts are reasonably assured of repayment and there is a sustained period of repayment performance, generally six months, in accordance with the contractual terms of the loan.

The following tables present non-accrual loan information by Corporate loan type at September 30, 2012 and December 31, 2011, respectively, and interest income recognized on non-accrual Corporate loans for the three- and nine-month periods ended September 30, 2012 and 2011:

	September 30, 2012								Three Months Ended September 30, 2012		Nine Months Ended September 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	$	974	$	1,314	$	152	$	1,090	$	22	$	57
Loans to financial institutions		465		509		14		595		—		—
Mortgage and real estate		841		1,118		73		900		1		22
Lease financing		6		14		—		9		1		2
Other		143		478		15		208		1		7

Total non-accrual Corporate loans	$	2,429	$	3,433	$	254	$	2,802	$	25	$	88

	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

	September 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	$	398	$	152	$	501	$	186
Loans to financial institutions		41		14		78		28
Mortgage and real estate		369		73		540		151
Other		40		15		120		55

Total non-accrual Corporate loans with specific allowance	$	848	$	254	$	1,239	$	420

Non-accrual Corporate loans without specific allowance
Commercial and industrial	$	576			$	633
Loans to financial institutions		424				685
Mortgage and real estate		472				499
Lease financing		6				13
Other		103				167

Total non-accrual Corporate loans without specific allowance	$	1,581		N/A	$	1,997		N/A

The following tables provide details on Corporate TDR activity and default information as of and for the three- and nine-month periods ended September 30, 2012 and 2011.

The following table presents Corporate TDRs occurring during the three-month period ended September 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	$	47	$	47	$	—	$	—	$	—	$	—
Loans to financial institutions		—		—		—		—		—		—
Mortgage and real estate		1		—		—		1		—		—
Other		—		—		—		—		—		—

Total	$	48	$	47	$	—	$	1	$	—	$	—

The following table presents Corporate TDRs occurring during the three-month period ended September 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	$	70	$	—	$	—	$	70	$	—	$	15
Loans to financial institutions		—		—		—		—		—		—
Mortgage and real estate		16		—		14		2		—		—
Other		74		—		67		7		—		—

Total	$	160	$	—	$	81	$	79	$	—	$	15

The following table presents Corporate TDRs occurring during the nine-month period ended September 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	$	86	$	71	$	4	$	11	$	—	$	1
Loans to financial institutions		—		—		—		—		—		—
Mortgage and real estate		94		60		—		34		—		—
Other		—		—		—		—		—		—

Total	$	180	$	131	$	4	$	45	$	—	$	1

The following table presents Corporate TDRs occurring during the nine-month period ended September 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	$	110	$	—	$	—	$	110	$	—	$	16
Loans to financial institutions		—		—		—		—		—		—
Mortgage and real estate		244		3		14		227		4		37
Other		74		—		67		7		—		—

Total	$	428	$	3	$	81	$	344	$	4	$	53

The following table presents total Corporate loans modified in a TDR at September 30, 2012 and 2011, as well as those TDRs that defaulted during the three and nine months of 2012 and 2011, and for which the payment default occurred within one year of the modification:.

*In millions of dollars*	TDR Balances at Sept. 30, 2012		TDRs in payment default Three Months Ended Sept. 30, 2012		TDRs in payment default Nine Months Ended Sept. 30, 2012		TDR Balances at Sept. 30, 2011		TDRs in payment default Three Months Ended Sept. 30, 2011		TDRs in payment default Nine Months Ended Sept. 30, 2011

Commercial and industrial	$	395	$	45	$	52	$	419	$	6	$	7
Loans to financial institutions		21		—		—		579		—		—
Mortgage and real estate		127		—		—		263		—		—
Other		557		—		—		100		—		—

Total	$	1,100	$	45	$	52	$	1,361	$	6	$	7