FAIR VALUE ELECTIONS (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30,
In millions of dollars	June 30, 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)	$	164,166	$	160,589	$	(468	)	$	(159	)
Trading account assets		11,031		17,206		(168	)		673
Investments		200		443		(57	)		(19	)
Loans
Certain Corporate loans(2)		3,827		4,056		287			35
Certain Consumer loans(2)		1,041		1,231		(67	)		(69	)
Total loans	$	4,868	$	5,287	$	220		$	(34	)
Other assets
MSRs	$	2,524	$	1,942	$	416		$	(293	)
Certain mortgage loans held for sale		5,433		6,879		(28	)		254
Certain equity method investments		235		22		(1	)		1
Total other assets	$	8,192	$	8,843	$	387		$	(38	)
Total assets	$	188,457	$	192,368	$	(86	)	$	423
Liabilities
Interest-bearing deposits	$	1,511	$	1,447	$	128		$	(40	)
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)		120,512		116,689		73			1
Trading account liabilities		912		1,461		38			(91	)
Short-term borrowings		4,493		818		132			88
Long-term debt		27,157		29,764		432			(221	)
Total liabilities	$	154,585	$	150,179	$	803		$	(263	)

(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, 2013						December 31, 2012
In millions of dollars	Trading assets			Loans			Trading assets		Loans
Carrying amount reported on the Consolidated Balance Sheet	$	9,982		$	3,687		$	11,658	$	3,893
Aggregate unpaid principal balance in excess of (less than) fair value		(21	)		(12	)		31		(132	)
Balance of non-accrual loans or loans more than 90 days past due		120			—			104		—
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		100			—			85		—

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

In millions of dollars	June 30, 2013			December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	5,433		$	6,879
Aggregate fair value in excess of unpaid principal balance		(11	)		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

	June 30, 2013				December 31, 2012
In millions of dollars	Corporate loans		Consumer loans		Corporate loans		Consumer loans
Carrying amount reported on the Consolidated Balance Sheet	$	137	$	995	$	157	$	1,191
Aggregate unpaid principal balance in excess of fair value		344		222		347		293
Balance of non-accrual loans or loans more than 90 days past due		33		125		34		123
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		27		81		36		111

Schedule of carrying value of structured notes, disaggregated by type of embedded derivative instrument

In billions of dollars	June 30, 2013		December 31, 2012
Interest rate linked	$	9.0	$	9.8
Foreign exchange linked		1.1		0.9
Equity linked		6.4		7.3
Commodity linked		1.6		1.0
Credit linked		3.6		4.7
Total	$	21.7	$	23.7

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

In millions of dollars	June 30, 2013		December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	26,043	$	28,434
Aggregate unpaid principal balance in excess of (less than) fair value		290		(226	)

Schedule of fair value of short term borrowings

In millions of dollars	June 30, 2013		December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	4,493	$	818
Aggregate unpaid principal balance in excess of (less than) fair value		28		(232	)