PLEDGED ASSETS, COLLATERAL, GUARANTEES AND COMMITMENTS (Tables)
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12 Months Ended |
Dec. 31, 2018 |
Pledged Assets, Collateral, Guarantees and Commitments [Abstract] |
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Schedule of carrying value of assets pledged |
The approximate carrying values of the significant components of pledged assets recognized on Citi’s Consolidated Balance Sheet included the following: | | | | | | | | In millions of dollars | December 31, 2018 | December 31, 2017 | Investment securities | $ | 148,756 |
| $ | 138,807 |
| Loans | 227,840 |
| 229,552 |
| Trading account assets | 120,292 |
| 104,360 |
| Total | $ | 496,888 |
| $ | 472,719 |
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Summary of restricted cash |
Restricted cash is included on the Consolidated Balance Sheet within the following balance sheet lines: | | | | | | | | In millions of dollars | December 31, 2018 | December 31, 2017 | Cash and due from banks | $ | 4,000 |
| $ | 3,151 |
| Deposits with banks | 27,208 |
| 27,664 |
| Total | $ | 31,208 |
| $ | 30,815 |
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Schedule of future minimum rental payments for operating leases |
Future minimum annual rentals under non-cancelable leases, net of sublease income, are as follows: | | | | | In millions of dollars | | 2019 | $ | 925 |
| 2020 | 748 |
| 2021 | 657 |
| 2022 | 525 |
| 2023 | 394 |
| Thereafter | 1,890 |
| Total | $ | 5,139 |
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Schedule of guarantor obligations |
The following tables present information about Citi’s guarantees: | | | | | | | | | | | | | | | Maximum potential amount of future payments | | In billions of dollars at December 31, 2018, except carrying value in millions | Expire within 1 year | Expire after 1 year | Total amount outstanding | Carrying value (in millions of dollars) | Financial standby letters of credit | $ | 31.8 |
| $ | 65.3 |
| $ | 97.1 |
| $ | 131 |
| Performance guarantees | 7.7 |
| 4.2 |
| 11.9 |
| 29 |
| Derivative instruments considered to be guarantees | 23.5 |
| 87.4 |
| 110.9 |
| 567 |
| Loans sold with recourse | — |
| 1.2 |
| 1.2 |
| 9 |
| Securities lending indemnifications(1) | 98.3 |
| — |
| 98.3 |
| — |
| Credit card merchant processing(1)(2) | 95.0 |
| — |
| 95.0 |
| — |
| Credit card arrangements with partners | 0.3 |
| 0.8 |
| 1.1 |
| 162 |
| Custody indemnifications and other | — |
| 35.4 |
| 35.4 |
| 41 |
| Total | $ | 256.6 |
| $ | 194.3 |
| $ | 450.9 |
| $ | 939 |
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| | | | | | | | | | | | | | | Maximum potential amount of future payments | | In billions of dollars at December 31, 2017, except carrying value in millions | Expire within 1 year | Expire after 1 year | Total amount outstanding | Carrying value (in millions of dollars)
| Financial standby letters of credit | $ | 27.9 |
| $ | 65.9 |
| $ | 93.8 |
| $ | 93 |
| Performance guarantees | 7.2 |
| 4.1 |
| 11.3 |
| 20 |
| Derivative instruments considered to be guarantees | 11.0 |
| 84.9 |
| 95.9 |
| 423 |
| Loans sold with recourse | — |
| 1.4 |
| 1.4 |
| 9 |
| Securities lending indemnifications(1) | 103.7 |
| — |
| 103.7 |
| — |
| Credit card merchant processing(1)(2) | 85.5 |
| — |
| 85.5 |
| — |
| Credit card arrangements with partners
| 0.3 |
| 1.1 |
| 1.4 |
| 205 |
| Custody indemnifications and other | — |
| 36.0 |
| 36.0 |
| 59 |
| Total | $ | 235.6 |
| $ | 193.4 |
| $ | 429.0 |
| $ | 809 |
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| | (1) | The carrying values of securities lending indemnifications and credit card merchant processing were not material for either period presented, as the probability of potential liabilities arising from these guarantees is minimal. |
| | (2) | At December 31, 2018 and 2017, this maximum potential exposure was estimated to be $95 billion and $86 billion, respectively. However, Citi believes that the maximum exposure is not representative of the actual potential loss exposure based on its historical experience. This contingent liability is unlikely to arise, as most products and services are delivered when purchased and amounts are refunded when items are returned to merchants. |
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Schedule of guarantor obligations by credit ratings |
Presented in the tables below are the maximum potential amounts of future payments that are classified based upon internal and external credit ratings. As previously mentioned, the determination of the maximum potential future payments is based on the notional amount of the guarantees without consideration of possible recoveries under recourse provisions or from collateral held or pledged. As such, Citi believes such amounts bear no relationship to the anticipated losses, if any, on these guarantees.
| | | | | | | | | | | | | | | Maximum potential amount of future payments | In billions of dollars at December 31, 2018 | Investment grade | Non-investment grade | Not rated | Total | Financial standby letters of credit | $ | 68.3 |
| $ | 11.8 |
| $ | 17.0 |
| $ | 97.1 |
| Performance guarantees | 9.2 |
| 2.1 |
| 0.6 |
| 11.9 |
| Derivative instruments deemed to be guarantees | — |
| — |
| 110.9 |
| 110.9 |
| Loans sold with recourse | — |
| — |
| 1.2 |
| 1.2 |
| Securities lending indemnifications | — |
| — |
| 98.3 |
| 98.3 |
| Credit card merchant processing | — |
| — |
| 95.0 |
| 95.0 |
| Credit card arrangements with partners | — |
| — |
| 1.1 |
| 1.1 |
| Custody indemnifications and other | 22.2 |
| 13.2 |
| — |
| 35.4 |
| Total | $ | 99.7 |
| $ | 27.1 |
| $ | 324.1 |
| $ | 450.9 |
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| | | | | | | | | | | | | | | Maximum potential amount of future payments | In billions of dollars at December 31, 2017 | Investment grade | Non-investment grade | Not rated | Total | Financial standby letters of credit | $ | 68.1 |
| $ | 10.9 |
| $ | 14.8 |
| $ | 93.8 |
| Performance guarantees | 7.9 |
| 2.4 |
| 1.0 |
| 11.3 |
| Derivative instruments deemed to be guarantees | — |
| — |
| 95.9 |
| 95.9 |
| Loans sold with recourse | — |
| — |
| 1.4 |
| 1.4 |
| Securities lending indemnifications | — |
| — |
| 103.7 |
| 103.7 |
| Credit card merchant processing | — |
| — |
| 85.5 |
| 85.5 |
| Credit card arrangements with partners
| — |
| — |
| 1.4 |
| 1.4 |
| Custody indemnifications and other | 23.7 |
| 12.3 |
| — |
| 36.0 |
| Total | $ | 99.7 |
| $ | 25.6 |
| $ | 303.7 |
| $ | 429.0 |
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Schedule of credit commitments |
The table below summarizes Citigroup’s credit commitments: | | | | | | | | | | | | | | In millions of dollars | U.S. | Outside of U.S. | December 31, 2018 | December 31, 2017 | Commercial and similar letters of credit | $ | 823 |
| $ | 4,638 |
| $ | 5,461 |
| $ | 5,000 |
| One- to four-family residential mortgages | 1,056 |
| 1,615 |
| 2,671 |
| 2,674 |
| Revolving open-end loans secured by one- to four-family residential properties | 10,019 |
| 1,355 |
| 11,374 |
| 12,323 |
| Commercial real estate, construction and land development | 9,565 |
| 1,728 |
| 11,293 |
| 11,151 |
| Credit card lines | 605,857 |
| 90,150 |
| 696,007 |
| 678,300 |
| Commercial and other consumer loan commitments | 185,849 |
| 102,918 |
| 288,767 |
| 272,655 |
| Other commitments and contingencies | 2,560 |
| 761 |
| 3,321 |
| 3,071 |
| Total | $ | 815,729 |
| $ | 203,165 |
| $ | 1,018,894 |
| $ | 985,174 |
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