For additional information on the Company’s resale and repurchase agreements and securities borrowing and lending agreements, see Note 12 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K.


In millions of dollars	June 30, 2025		December 31, 2024
Securities purchased under agreements to resell	$	244,999	$	192,950
Securities borrowed	78,903		81,115
Total, net(1)	$	323,902	$	274,065
Allowance for credit losses on securities purchased and borrowed(2)	(10)		(3)
Total, net of allowance	$	323,892	$	274,062


In millions of dollars	June 30, 2025		December 31, 2024
Securities sold under agreements to repurchase	$	330,203	$	239,767
Securities loaned	17,710		14,988
Total, net(1)	$	347,913	$	254,755

(1) The above tables do not include securities-for-securities lending transactions of $3.9 billion and $5.2 billion at June 30, 2025 and December 31, 2024, respectively, where the Company acts as lender and receives securities that can be sold or pledged as collateral. In these transactions, the Company recognizes the securities received at fair value within Other assets and the obligation to return those securities as a liability within Brokerage payables.

The following tables present the gross and net resale and repurchase agreements and securities borrowing and lending agreements and the related offsetting amounts permitted under ASC 210-20-45. The tables also include amounts related to financial instruments that are not permitted to be offset under ASC 210-20-45, but would be eligible for offsetting to the extent that an event of default has occurred and a legal opinion supporting enforceability of the offsetting rights has been obtained. Remaining exposures continue to be secured by financial collateral, but the Company may not have sought or been able to obtain a legal opinion evidencing enforceability of the offsetting right.


	As of June 30, 2025
In millions of dollars	Gross amounts of recognized assets		Gross amounts offset on the Consolidated Balance Sheet(1)(2)		Net amounts of assets included on the Consolidated Balance Sheet		Amounts not offset on the Consolidated Balance Sheet but eligible for offsetting upon counterparty default(2)(3)		Net amounts(4)
Securities purchased under agreements to resell	$	571,388	$	326,389	$	244,999	$	237,911	$	7,088
Securities borrowed	101,780		22,877		78,903		29,718		49,185
Total	$	673,168	$	349,266	$	323,902	$	267,629	$	56,273


In millions of dollars	Gross amounts of recognized liabilities		Gross amounts offset on the Consolidated Balance Sheet(1)(2)		Net amounts of liabilities included on the Consolidated Balance Sheet		Amounts not offset on the Consolidated Balance Sheet but eligible for offsetting upon counterparty default(2)(3)		Net amounts(4)
Securities sold under agreements to repurchase	$	656,592	$	326,389	$	330,203	$	275,604	$	54,599
Securities loaned	40,587		22,877		17,710		13,819		3,891
Total	$	697,179	$	349,266	$	347,913	$	289,423	$	58,490


	As of December 31, 2024
In millions of dollars	Gross amounts of recognized assets		Gross amounts offset on the Consolidated Balance Sheet(1)		Net amounts of assets included on the Consolidated Balance Sheet		Amounts not offset on the Consolidated Balance Sheet but eligible for offsetting upon counterparty default(3)		Net amounts(4)
Securities purchased under agreements to resell	$	516,722	$	323,772	$	192,950	$	186,121	$	6,829
Securities borrowed	100,442		19,327		81,115		22,228		58,887
Total	$	617,164	$	343,099	$	274,065	$	208,349	$	65,716


In millions of dollars	Gross amounts of recognized liabilities		Gross amounts offset on the Consolidated Balance Sheet(1)		Net amounts of liabilities included on the Consolidated Balance Sheet		Amounts not offset on the Consolidated Balance Sheet but eligible for offsetting upon counterparty default(3)		Net amounts(4)
Securities sold under agreements to repurchase	$	563,539	$	323,772	$	239,767	$	193,714	$	46,053
Securities loaned	34,315		19,327		14,988		12,317		2,671
Total	$	597,854	$	343,099	$	254,755	$	206,031	$	48,724

(2)Beginning January 1, 2025, excludes amounts relating to accrued interest. Accrued interest receivable on Securities purchased under agreements to resell (reverse repos) is presented in Other assets and accrued interest payable on Securities sold under agreements to repurchase (repos) is presented in Other liabilities.

(3)Includes financial instruments subject to enforceable master netting agreements that are not permitted to be offset under ASC 210-20-45, but would be eligible for offsetting to the extent that an event of default has occurred and a legal opinion supporting enforceability of the offsetting right has been obtained.

(4)Remaining exposures continue to be secured by financial collateral, but the Company may not have sought or been able to obtain a legal opinion evidencing enforceability of the offsetting right.

The following tables present the gross amounts of liabilities associated with repurchase agreements and securities lending agreements by remaining contractual maturity:


	As of June 30, 2025
In millions of dollars	Open and overnight		Up to 30 days		31–90 days		Greater than 90 days		Total
Securities sold under agreements to repurchase	$	360,155	$	159,940	$	60,979	$	75,518	$	656,592
Securities loaned	31,404		215		1,316		7,652		40,587
Total	$	391,559	$	160,155	$	62,295	$	83,170	$	697,179


	As of December 31, 2024
In millions of dollars	Open and overnight		Up to 30 days		31–90 days		Greater than 90 days		Total
Securities sold under agreements to repurchase	$	299,527	$	154,036	$	46,635	$	63,341	$	563,539
Securities loaned	25,898		213		1,007		7,197		34,315
Total	$	325,425	$	154,249	$	47,642	$	70,538	$	597,854

The following tables present the gross amounts of liabilities associated with repurchase agreements and securities lending agreements by class of underlying collateral:


	As of June 30, 2025
In millions of dollars	Repurchase agreements		Securities lending agreements		Total
U.S. Treasury and federal agency securities	$	318,840	$	—	$	318,840
State and municipal securities	93		12		105
Foreign government securities	183,417		1,154		184,571
Corporate bonds	20,455		937		21,392
Equity securities	30,118		38,070		68,188
Mortgage-backed securities	96,070		24		96,094
Asset-backed securities	5,026		23		5,049
Other	2,573		367		2,940
Total	$	656,592	$	40,587	$	697,179


	As of December 31, 2024
In millions of dollars	Repurchase agreements		Securities lending agreements		Total
U.S. Treasury and federal agency securities	$	324,233	$	40	$	324,273
State and municipal securities	183		—		183
Foreign government securities	132,123		1,069		133,192
Corporate bonds	17,467		330		17,797
Equity securities	18,498		32,837		51,335
Mortgage-backed securities	65,279		—		65,279
Asset-backed securities	2,609		23		2,632
Other	3,147		16		3,163
Total	$	563,539	$	34,315	$	597,854