FAIR VALUE ELECTIONS (Tables)

3 Months Ended

Mar. 31, 2013

FAIR VALUE ELECTIONS

Schedule of financial instruments selected for fair value accounting, as well as changes in fair value gains and losses

	Fair value at				Changes in fair value gains (losses) for the three months ended March 31,
In millions of dollars	March 31, 2013		December 31, 2012		2013			2012
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)	$	167,748	$	160,589	$	(169	)	$	(213	)
Trading account assets		13,478		17,206		11			704
Investments		226		443		(42	)		(11	)
Loans
Certain Corporate loans(2)		3,786		4,056		23			56
Certain Consumer loans(2)		1,202		1,231		(34	)		(15	)
Total loans	$	4,988	$	5,287	$	(11	)	$	41
Other assets
MSRs	$	2,203	$	1,942	$	190		$	187
Certain mortgage loans held for sale		6,441		6,879		245			112
Certain equity method investments		182		22		1			1
Total other assets	$	8,826	$	8,843	$	436		$	300
Total assets	$	195,266	$	192,368	$	225		$	821
Liabilities
Interest-bearing deposits	$	1,556	$	1,447	$	7		$	(48	)
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)		124,854		116,689		23			26
Trading account liabilities		1,285		1,461		(28	)		(249	)
Short-term borrowings		915		818		63			(111	)
Long-term debt		28,151		29,764		(135	)		(2,758	)
Total liabilities	$	156,761	$	150,179	$	(70	)	$	(3,140	)

(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

	March 31, 2013						December 31, 2012
In millions of dollars	Trading assets			Loans			Trading assets		Loans
Carrying amount reported on the Consolidated Balance Sheet	$	10,511		$	3,633		$	11,658	$	3,893
Aggregate unpaid principal balance in excess of (less than) fair value		(228	)		(54	)		31		(132	)
Balance of non-accrual loans or loans more than 90 days past due		86			—			104		—
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		75			—			85		—

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

In millions of dollars	March 31, 2013		December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	6,441	$	6,879
Aggregate fair value in excess of unpaid principal balance		268		390
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, 2013				December 31, 2012
In millions of dollars	Corporate loans		Consumer loans		Corporate loans		Consumer loans
Carrying amount reported on the Consolidated Balance Sheet	$	147	$	1,159	$	157	$	1,191
Aggregate unpaid principal balance in excess of fair value		335		250		347		293
Balance of non-accrual loans or loans more than 90 days past due		33		110		34		123
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		31		114		36		111

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

In millions of dollars	March 31, 2013			December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	26,866		$	28,434
Aggregate unpaid principal balance in excess of (less than) fair value		(347	)		(226	)

Schedule of fair value of short term borrowings

In millions of dollars	March 31, 2013			December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	915		$	818
Aggregate unpaid principal balance in excess of (less than) fair value		(226	)		(232	)