BROKERAGE RECEIVABLES AND BROKERAGE PAYABLES

6 Months Ended

Jun. 30, 2023

Broker-Dealer [Abstract]

BROKERAGE RECEIVABLES AND BROKERAGE PAYABLES

BROKERAGE RECEIVABLES AND BROKERAGE PAYABLES

The Company has receivables and payables for financial instruments sold to and purchased from brokers, dealers and customers, which arise in the ordinary course of business.

For additional information on these receivables and payables, see Note 12 to the Consolidated Financial Statements in Citi’s 2022 Form 10-K.

Brokerage receivables and Brokerage payables consisted of the following:

In millions of dollars	June 30, 2023		December 31, 2022
Receivables from customers	$	16,305	$	15,462
Receivables from brokers, dealers and clearing organizations	44,545		38,730
Total brokerage receivables(1)	$	60,850	$	54,192
Payables to customers	$	50,450	$	55,747
Payables to brokers, dealers and clearing organizations	18,983		13,471
Total brokerage payables(1)	$	69,433	$	69,218

(1)     Includes brokerage receivables and payables recorded by Citi broker-dealer entities that are accounted for in accordance with the AICPA Accounting Guide for Brokers and Dealers in Securities as codified in ASC 940-320.