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PLEDGED ASSETS, COLLATERAL, GUARANTEES AND COMMITMENTS (Tables)
12 Months Ended
Dec. 31, 2018
Pledged Assets, Collateral, Guarantees and Commitments [Abstract]  
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

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

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

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

 
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

(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.

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


 
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

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