FAIR VALUE ELECTIONS (Tables)

9 Months Ended

Sep. 30, 2013

FAIR VALUE ELECTIONS

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

					Changes in fair value gains (losses) for the nine months ended September 30,
	Fair value at
	September 30, 2013		December 31, 2012
In millions of dollars					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)	$	175,015	$	160,589	$	(505	)	$	(192	)
Trading account assets		11,984		17,206		(271	)		934
Investments		223		443		(33	)		(39	)
Loans
Certain Corporate loans(2)		4,202		4,056		324			100
Certain Consumer loans(2)		996		1,231		(114	)		(78	)
Total loans	$	5,198	$	5,287	$	210		$	22
Other assets
MSRs	$	2,580	$	1,942	$	410		$	(462	)
Certain mortgage loans held for sale		3,426		6,879		94			281
Certain equity method investments		226		22		(5	)		(1	)
Total other assets	$	6,232	$	8,843	$	499		$	(182	)
Total assets	$	198,652	$	192,368	$	(100	)	$	543
Liabilities
Interest-bearing deposits	$	1,647	$	1,447	$	126		$	(111	)
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)		119,427		116,689		85			40
Trading account liabilities		716		1,461		14			(94	)
Short-term borrowings		4,495		818		81			42
Long-term debt		26,624		29,764		(185	)		(1,811	)
Total liabilities	$	152,909	$	150,179	$	121		$	(1,934	)

(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

	September 30, 2013						December 31, 2012
In millions of dollars	Trading assets			Loans			Trading assets		Loans
Carrying amount reported on the Consolidated Balance Sheet	$	10,382		$	4,031		$	11,658	$	3,893
Aggregate unpaid principal balance in excess of (less than) fair value		(751	)		(71	)		31		(132	)
Balance of non-accrual loans or loans more than 90 days past due		97			—			104		—
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		41			—			85		—

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

In millions of dollars	September 30, 2013		December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	3,426	$	6,879
Aggregate fair value in excess of unpaid principal balance		101		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

	September 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	$	15	$	951	$	157	$	1,191
Aggregate unpaid principal balance in excess of fair value		10		213		347		293
Balance of non-accrual loans or loans more than 90 days past due		—		128		34		123
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due		—		64		36		111

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

In billions of dollars	September 30, 2013		December 31, 2012
Interest rate linked	$	9.9	$	10.5
Foreign exchange linked		0.6		0.9
Equity linked		6.8		7.3
Commodity linked		1.6		1.0
Credit linked		3.5		4.7
Total	$	22.4	$	24.4

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

In millions of dollars	September 30, 2013		December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	25,663	$	28,434
Aggregate unpaid principal balance in excess of (less than) fair value		802		(804	)

Schedule of short term borrowings carried at fair value

In millions of dollars	September 30, 2013		December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	4,495	$	818
Aggregate unpaid principal balance in excess of (less than) fair value		82		(232	)