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COMMISSIONS AND FEES; ADMINISTRATION AND OTHER FIDUCIARY FEES (Tables)
 6 Months Ended
Jun. 30, 2023
Other Income and Expenses [Abstract]  
Schedule of commissions, fees, administration and other fiduciary fees revenue
The following tables present Commissions and fees revenue:

Three Months Ended June 30, 2023Six Months Ended June 30, 2023
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Investment banking$598 $— $— $598 $1,324 $— $— $1,324 
Brokerage commissions360 182 34 576 774 359 78 1,211 
Credit and bank card income
Interchange fees361 2,555 164 3,080 694 4,902 334 5,930 
Card-related loan fees17 37 66 120 30 80 128 238 
Card rewards and partner payments(1)
(202)(2,904)(91)(3,197)(376)(5,567)(183)(6,126)
Deposit-related fees(2)
272 18 9 299 524 58 17 599 
Transactional service fees303 6 25 334 592 10 50 652 
Corporate finance(3)
86 — — 86 185 3 — 188 
Insurance distribution revenue— 61 27 88 — 119 61 180 
Insurance premiums— 1 25 26 — 2 46 48 
Loan servicing8 11 4 23 17 26 7 50 
Other1 51 48 99 7 107 89 204 
Total commissions and fees(4)
$1,804 $18 $311 $2,132 $3,771 $99 $627 $4,498 

Three Months Ended June 30, 2022Six Months Ended June 30, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Investment banking$845 $— $— $845 $1,753 $— $— $1,753 
Brokerage commissions393 213 53 659 853 454 121 1,428 
Credit and bank card income
Interchange fees321 2,435 227 2,983 561 4,534 448 5,543 
Card-related loan fees11 73 79 163 20 137 160 317 
Card rewards and partner payments(1)
(165)(2,871)(160)(3,196)(282)(5,370)(332)(5,984)
Deposit-related fees(2)
279 44 19 342 546 103 36 685 
Transactional service fees267 5 26 298 521 9 52 582 
Corporate finance(3)
136 — — 136 252 3 — 255 
Insurance distribution revenue— 56 33 89 — 108 69 177 
Insurance premiums— 1 22 23 — 2 46 48 
Loan servicing7 12 4 23 19 22 7 48 
Other3 49 35 87 2 97 69 168 
Total commissions and fees(4)
$2,097 $17 $338 $2,452 $4,245 $99 $676 $5,020 

(1)Citi’s consumer credit card programs have certain partner sharing agreements that vary by partner. These agreements are subject to contractually based performance thresholds that, if met, would require Citi to make ongoing payments to the partner. The threshold is based on the profitability of a program and is generally calculated based on predefined program revenues less predefined program expenses. In most of Citi’s partner sharing agreements, program expenses include net credit losses and, to the extent that an increase in net credit losses reduces Citi’s liability for the partners’ share for a given program year, would generally result in lower payments to partners in total for that year and vice versa. Further, in some instances, other partner payments are based on program sales and new account acquisitions.
(2)Overdraft fees are accounted for under ASC 310. Citi eliminated overdraft fees, returned item fees and overdraft protection fees beginning in June 2022. Includes overdraft fees (prior to the elimination of overdraft fees in June 2022) of $0 and $28 million for the three months ended June 30, 2023 and 2022, respectively.
(3)Consists primarily of fees earned from structuring and underwriting loan syndications or related financing activity. This activity is accounted for under ASC 310.
(4)Commissions and fees include $(2,940) million and $(2,811) million not accounted for under ASC 606, Revenue from Contracts with Customers, for the three months ended June 30, 2023 and 2022, respectively, and $(5,599) million and $(5,240) million for the six months ended June 30, 2023 and 2022, respectively. Amounts reported in Commissions and fees accounted for under other guidance primarily include card-related loan fees, card reward programs and certain partner payments, corporate finance fees, insurance premiums and loan servicing fees.
The following tables present Administration and other fiduciary fees revenue:

Three Months Ended June 30, 2023Six Months Ended June 30, 2023
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Custody fees$485 $22 $3 $510 $902 $42 $11 $955 
Fiduciary fees69 185 90 344 144 338 172 654 
Guarantee fees126 7 1 135 258 15 3 276 
Total administration and other fiduciary fees(1)
$680 $214 $94 $989 $1,304 $395 $186 $1,885 

Three Months Ended June 30, 2022Six Months Ended June 30, 2022
In millions of dollarsICGPBWMLegacy FranchisesTotalICGPBWMLegacy FranchisesTotal
Custody fees$506 $22 $2 $530 $952 $45 $5 $1,002 
Fiduciary fees68 196 79 343 133 401 159 693 
Guarantee fees134 14 2 150 266 24 4 294 
Total administration and other fiduciary fees(1)
$708 $232 $83 $1,023 $1,351 $470 $168 $1,989 

(1)    Administration and other fiduciary fees include $135 million and $150 million for the three months ended June 30, 2023 and 2022, respectively, and $276 million and $294 million for the six months ended June 30, 2023 and 2022, respectively, that are not accounted for under ASC 606, Revenue from Contracts with Customers. These generally include guarantee fees.