FEDERAL FUNDS/SECURITIES BORROWED, LOANED, AND SUBJECT TO REPURCHASE AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2013

FEDERAL FUNDS/SECURITIES BORROWED, LOANED, AND SUBJECT TO REPURCHASE AGREEMENTS

Federal funds sold and securities borrowed or purchased under agreements to resell

In millions of dollars	March 31, 2013		December 31, 2012
Federal funds sold	$	5	$	97
Securities purchased under agreements to resell		143,116		138,549
Deposits paid for securities borrowed		127,305		122,665
Total	$	270,426	$	261,311

Federal funds purchased and securities loaned or sold under agreements to repurchase

In millions of dollars	March 31, 2013		December 31, 2012
Federal funds purchased	$	1,113	$	1,005
Securities sold under agreements to repurchase		192,293		182,330
Deposits received for securities loaned		28,647		27,901
Total	$	222,053	$	211,236

Schedule of gross and net resale agreements and securities borrowing agreements and the related offsetting amount permitted under ASC 210-20-45

	As of March 31, 2013:
In millions of dollars	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Consolidated Balance Sheet(1)		Net Amounts of Assets Presented on the Consolidated Balance Sheet		Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting Upon Counterparty Default(2)		Net Amounts(3)
Securities purchased under agreements to resell	$	212,962	$	69,846	$	143,116	$	115,426	$	27,690
Deposits paid for securities borrowed		127,305		—		127,305		35,519		91,786
Total	$	340,267	$	69,846	$	270,421	$	150,945	$	119,476

	As of December 31, 2012:
In millions of dollars	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Consolidated Balance Sheet(1)		Net Amounts of Assets Presented on the Consolidated Balance Sheet		Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting Upon Counterparty Default(2)		Net Amounts(3)
Securities purchased under agreements to resell	$	187,950	$	49,401	$	138,549	$	111,745	$	26,804
Deposits paid for securities borrowed		122,665		—		122,665		34,733		87,932
Total	$	310,615	$	49,401	$	261,214	$	146,478	$	114,736

Schedule of gross and net repurchase agreements and securities lending agreements and the related offsetting amount permitted under ASC 210-20-45

In millions of dollars	Gross Amounts of Recognized Liabilities		Gross Amounts Offset on the Consolidated Balance Sheet(1)		Net Amounts of Liabilities Presented on the Consolidated Balance Sheet		Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting Upon Counterparty Default(2)		Net Amounts(3)
Securities sold under agreements to repurchase	$	262,139	$	69,846	$	192,293	$	89,254	$	103,039
Deposits received for securities loaned		28,647		—		28,647		14,036		14,611
Total	$	290,786	$	69,846	$	220,940	$	103,290	$	117,650

In millions of dollars	Gross Amounts of Recognized Liabilities		Gross Amounts Offset on the Consolidated Balance Sheet(1)		Net Amounts of Liabilities Presented on the Consolidated Balance Sheet		Amounts Not Offset on the Consolidated Balance Sheet but Eligible for Offsetting Upon Counterparty Default(2)		Net Amounts(3)
Securities sold under agreements to repurchase	$	231,731	$	49,401	$	182,330	$	104,681	$	77,649
Deposits received for securities loaned		27,901		—		27,901		15,579		12,322
Total	$	259,632	$	49,401	$	210,231	$	120,260	$	89,971

(1)

Includes financial instruments subject to enforceable master agreements that are permitted to be offset under ASC 210-20-45.

(2)

Includes financial instruments subject to enforceable master netting agreements that are not permitted to be offset under ASC 210-20-45 but would be eligible for offsetting to the extent an event of default has occurred.

(3)

Remaining exposures continue to be secured by financial collateral, but the Company may not have sought or been able to obtain a legal opinion evidencing enforceability of the offsetting right.