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ALLOWANCE FOR CREDIT LOSSES
9 Months Ended
Sep. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]  
ALLOWANCE FOR CREDIT LOSSES ALLOWANCE FOR CREDIT LOSSES
 
Three Months Ended September 30,Nine Months Ended September 30,
In millions of dollars2022202120222021
Allowance for credit losses on loans (ACLL) at beginning of period$15,952 $19,238 $16,455 $24,956 
Gross credit losses on loans$(1,237)$(1,389)$(3,689)$(5,441)
Gross recoveries on loans350 428 1,080 1,412 
Net credit losses on loans (NCLs) $(887)$(961)$(2,609)$(4,029)
Replenishment of NCLs$887 $961 $2,609 $4,029 
Net reserve builds (releases) for loans519 (1,010)259 (6,262)
Net specific reserve builds (releases) for loans(78)(139)104 (560)
Total provision for credit losses on loans (PCLL)$1,328 $(188)$2,972 $(2,793)
Other, net (see table below)(84)(374)(509)(419)
ACLL at end of period$16,309 $17,715 $16,309 $17,715 
Allowance for credit losses on unfunded lending commitments (ACLUC) at beginning of period(1)
$2,193 $2,073 $1,871 $2,655 
Provision (release) for credit losses on unfunded lending commitments(71)(13)244 (595)
Other, net
(33)(26)
ACLUC at end of period(1)
$2,089 $2,063 $2,089 $2,063 
Total allowance for credit losses on loans, leases and unfunded
lending commitments(2)
$18,398 $19,778 $18,398 $19,778 

Other, net detailsThree Months Ended September 30,Nine Months Ended September 30,
In millions of dollars2022202120222021
Reclasses of consumer ACLL to HFS(3)
$ $(278)$(350)$(278)
FX translation and other(84)(96)(159)(141)
Other, net$(84)$(374)$(509)$(419)

(1)    Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
(2)    See below for ACL on HTM debt securities and Other assets.
(3)    See Note 2.
Allowance for Credit Losses on Loans and End-of-Period Loans

Three Months Ended
September 30, 2022September 30, 2021
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$2,969 $12,983 $15,952 $2,672 $16,566 $19,238 
Charge-offs(43)(1,194)(1,237)(47)(1,342)(1,389)
Recoveries37 313 350 420 428 
Replenishment of NCLs6 881 887 39 922 961 
Net reserve builds (releases)145 374 519 (26)(984)(1,010)
Net specific reserve builds (releases)(104)26 (78)(21)(118)(139)
Other(62)(22)(84)(15)(359)(374)
Ending balance$2,948 $13,361 $16,309 $2,610 $15,105 $17,715 
Nine Months Ended
September 30, 2022September 30, 2021
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$2,415 $14,040 $16,455 $4,776 $20,180 $24,956 
Charge-offs(148)(3,541)(3,689)(383)(5,058)(5,441)
Recoveries88 992 1,080 82 1,330 1,412 
Replenishment of NCLs60 2,549 2,609 301 3,728 4,029 
Net reserve builds (releases)394 (135)259 (1,970)(4,292)(6,262)
Net specific reserve builds (releases)169 (65)104 (167)(393)(560)
Other(30)(479)(509)(29)(390)(419)
Ending balance$2,948 $13,361 $16,309 $2,610 $15,105 $17,715 


September 30, 2022December 31, 2021
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL   
Collectively evaluated$2,522 $12,784 $15,306 $2,203 $13,227 $15,430 
Individually evaluated 426 575 1,001 212 813 1,025 
Purchased credit deteriorated 2 2 — — — 
Total ACLL$2,948 $13,361 $16,309 $2,415 $14,040 $16,455 
Loans, net of unearned income
Collectively evaluated$283,254 $354,414 $637,668 $283,610 $372,655 $656,265 
Individually evaluated 1,485 2,818 4,303 1,553 3,748 5,301 
Purchased credit deteriorated 110 110 — 119 119 
Held at fair value3,638 241 3,879 6,070 12 6,082 
Total loans, net of unearned income$288,377 $357,583 $645,960 $291,233 $376,534 $667,767 
Allowance for Credit Losses on HTM Debt Securities

Three Months Ended September 30, 2022
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-backedTotal HTM
Allowance for credit losses on HTM debt securities
at beginning of quarter
$2 $94 $3 $6 $105 
Gross credit losses     
Gross recoveries     
Net credit losses (NCLs)$ $ $ $ $ 
Replenishment of NCLs$ $ $ $ $ 
Net reserve builds (releases)1 15  (6)10 
Net specific reserve builds (releases)     
Total provision for credit losses on HTM debt securities$1 $15 $ $(6)$10 
Allowance for credit losses on HTM debt securities
at end of quarter
$3 $109 $3 $ $115 
Nine Months Ended September 30, 2022
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-backedTotal HTM
Allowance for credit losses on HTM debt securities
at beginning of year
$6 $76 $3 $2 $87 
Gross credit losses     
Gross recoveries     
Net credit losses (NCLs)$ $ $ $ $ 
Replenishment of NCLs$ $ $ $ $ 
Net reserve builds (releases)(3)33  (2)28 
Net specific reserve builds (releases)     
Total provision for credit losses on HTM debt securities$(3)$33 $ $(2)$28 
Allowance for credit losses on HTM debt securities
at end of quarter
$3 $109 $3 $ $115 
Allowance for Credit Losses on HTM Debt Securities

Three Months Ended September 30, 2021
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-backedTotal HTM
Allowance for credit losses on HTM debt securities
at beginning of quarter
$$72 $$$83 
Gross credit losses— — — — — 
Gross recoveries— — — — — 
Net credit losses (NCLs)$— $— $— $— $— 
Replenishment of NCLs$— $— $— $— $— 
Net reserve builds (releases)— (5)(1)— (6)
Net specific reserve builds (releases)(4)— — — (4)
Total provision for credit losses on HTM debt securities$(4)$(5)$(1)$— $(10)
Other, net$— $— $— $— $— 
Allowance for credit losses on HTM debt securities
at end of quarter
$$67 $$$73 
Nine Months Ended September 30, 2021
In millions of dollarsMortgage-backedState and municipalForeign governmentAsset-
backed
Total HTM
Allowance for credit losses on HTM debt securities
at beginning of year
$$74 $$$86 
Gross credit losses— — — — — 
Gross recoveries— — — 
Net credit losses (NCLs)$$— $— $— $
Replenishment of NCLs$(3)$— $— $— $(3)
Net reserve builds(7)(2)(3)(10)
Net specific reserve builds (releases)(4)— — — (4)
Total provision for credit losses on HTM debt securities$(5)$(7)$(2)$(3)$(17)
Other, net$— $— $— $$
Allowance for credit losses on HTM debt securities
at end of quarter
$$67 $$$73 
Allowance for Credit Losses on Other Assets

Three Months Ended September 30, 2022
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
Brokerage receivables
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of quarter
$17 $27 $ $30 $74 
Gross credit losses   (4)(4)
Gross recoveries     
Net credit losses (NCLs)$ $ $ $(4)$(4)
Replenishment of NCLs$ $ $ $4 $4 
Net reserve builds (releases)23 45  1 69 
Total provision for credit losses$23 $45 $ $5 $73 
Other, net$ $(3)$ $1 $(2)
Allowance for credit losses on other assets
at end of quarter
$40 $69 $ $32 $141 
Nine Months Ended September 30, 2022
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
Brokerage receivables
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of year
$21 $6 $ $26 $53 
Gross credit losses   (19)(19)
Gross recoveries   2 2 
Net credit losses (NCLs)$ $ $ $(17)$(17)
Replenishment of NCLs$ $ $ $17 $17 
Net reserve builds (releases)19 35  5 59 
Total provision for credit losses$19 $35 $ $22 $76 
Other, net(2)
$ $28 $ $1 $29 
Allowance for credit losses on other assets
at end of quarter
$40 $69 $ $32 $141 

(1)Primarily accounts receivable.
(2)Includes $30 million of ACL transferred from ICG loans ACL during the second quarter of 2022 for securities borrowed and purchased under agreements to resell.
Allowance for Credit Losses on Other Assets

Three Months Ended September 30, 2021
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
Brokerage receivables
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of quarter
$24 $$— $28 $60 
Gross credit losses— — — — — 
Gross recoveries— — — — — 
Net credit losses (NCLs)$— $— $— $— $— 
Replenishment of NCLs$— $— $— $— $— 
Net reserve builds (releases)— — (4)(3)
Total provision for credit losses$— $$— $(4)$(3)
Other, net$— $— $— $$
Allowance for credit losses on other assets
at end of quarter
$24 $$— $25 $58 
 
Nine Months Ended September 30, 2021
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
Brokerage receivables
All other assets(1)
Total
Allowance for credit losses on other assets
at beginning of year
$20 $10 $— $25 $55 
Gross credit losses— — — — — 
Gross recoveries— — — — — 
Net credit losses (NCLs)$— $— $— $— $— 
Replenishment of NCLs$— $— $— $— $— 
Net reserve builds (releases)(1)— (1)
Total provision for credit losses$$(1)$— $(1)$
Other, net$(1)$— $— $$— 
Allowance for credit losses on other assets
at end of quarter
$24 $$— $25 $58 

(1)    Primarily accounts receivable.
For ACL on AFS debt securities, see Note 12.