FAIR VALUE ELECTIONS (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of financial instruments selected for changes in fair value gains and losses

	Changes in fair value gains (losses) for the years ended December 31,
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	$	(628	)	$	(409	)
Trading account assets	(190		)	836
Investments	(39		)	(50		)
Loans
Certain Corporate loans(1)	72			77
Certain Consumer loans(1)	(155		)	(104		)
Total loans	$	(83	)	$	(27	)
Other assets
MSRs	$	553		$	(427	)
Certain mortgage loans held for sale(2)	951			2,514
Certain equity method investments	(9		)	3
Total other assets	$	1,495		$	2,090
Total assets	$	555		$	2,440
Liabilities
Interest-bearing deposits	$	166		$	(218	)
Federal funds purchased and securities loaned or sold under agreements to repurchase
Selected portfolios of securities sold under agreements to repurchase and securities loaned	110			66
Trading account liabilities	30			(143		)
Short-term borrowings	76			145
Long-term debt	113			(2,008		)
Total liabilities	$	495		$	(2,158	)

(1) Includes mortgage loans held by mortgage loan securitization VIEs consolidated upon the adoption of ASC 810 Consolidation (SFAS 167) on January 1, 2010.

(2) Includes gains (losses) associated with interest rate lock-commitments for those loans that have been originated and elected under the fair value option.

Schedule of fair value of loans and other disclosures for certain credit related products

	December 31, 2013					December 31, 2012
In millions of dollars	Trading assets		Loans			Trading assets			Loans
Carrying amount reported on the Consolidated Balance Sheet	$	9,262	$	4,058		$	11,658		$	3,893
Aggregate unpaid principal balance in excess of (less than) fair value	4		(94		)	(18		)	(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	December 31, 2013		December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	2,089	$	6,879
Aggregate fair value in excess of unpaid principal balance	48		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

	December 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	$	14	$	910	$	157	$	1,191
Aggregate unpaid principal balance in excess of fair value	7		212		347		293
Balance of non-accrual loans or loans more than 90 days past due	—		81		34		123
Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due	—		106		36		111

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

In billions of dollars	December 31, 2013		December 31, 2012
Interest rate linked	$	9.8	$	9.9
Foreign exchange linked	0.5		0.9
Equity linked	7.0		7.3
Commodity linked	1.8		1.0
Credit linked	3.5		4.7
Total	$	22.6	$	23.8

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

In millions of dollars	December 31, 2013			December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	25,968		$	28,434
Aggregate unpaid principal balance in excess of (less than) fair value	(866		)	(807		)

Schedule of short-term borrowings carried at fair value

In millions of dollars	December 31, 2013			December 31, 2012
Carrying amount reported on the Consolidated Balance Sheet	$	3,692		$	818
Aggregate unpaid principal balance in excess of (less than) fair value	(38		)	(232		)