v3.25.2
FAIR VALUE ELECTIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value, Option, Aggregate Differences [Abstract]  
Schedule of financial instruments selected for changes in fair value gains and losses
The following table presents the changes in fair value of those items for which the fair value option has been elected:

Changes in fair value—gains (losses)
 
Three Months Ended June 30,
Six Months Ended June 30,
In millions of dollars2025202420252024
Assets  
Securities borrowed and purchased under agreements to resell$114 $(6)$122 $(59)
Trading account assets19 (5)39 2 
Loans
Corporate loans914 160 952 1,378 
Consumer loans(3)(2)3 (10)
Total loans$911 $158 $955 $1,368 
Other assets 
MSRs$12 $5 $(3)$17 
Mortgage loans HFS(1)
15 4 30 5 
Total other assets$27 $9 $27 $22 
Total assets$1,071 $156 $1,143 $1,333 
Liabilities 
Deposits$(50)$(21)$(95)$(63)
Securities loaned and sold under agreements to repurchase(7)(10)12 26 
Trading account liabilities29 (153)(153)(224)
Short-term borrowings(2)
235 (79)(276)(381)
Long-term debt(2)
(4,885)(194)(5,138)(2,122)
Total liabilities$(4,678)$(457)$(5,650)$(2,764)

(1)Includes gains (losses) associated with interest rate lock commitments for originated loans for which the Company has elected the fair value option.
(2)Includes DVA that is included in AOCI. See Notes 19 and 23.
Schedule of fair value of loans and other disclosures for certain credit related products
The following table provides information about certain credit products carried at fair value:

 June 30, 2025December 31, 2024
In millions of dollarsTrading assetsLoansTrading assetsLoans
Carrying amount reported on the Consolidated Balance Sheet$5,476 $9,257 $5,025 $8,040 
Aggregate unpaid principal balance in excess of (less than) fair value141 (17)137 (55)
Balance of non-accrual loans or loans more than 90 days past due— 1 — 2 
Aggregate unpaid principal balance in excess of (less than) fair value for non-accrual loans or loans more than 90 days past due— — — — 
Schedule of fair value of loans and other disclosures for certain mortgage loans
The following table provides information about certain mortgage loans HFS carried at fair value:

In millions of dollarsJune 30, 2025December 31, 2024
Carrying amount reported on the Consolidated Balance Sheet$1,020 $692 
Aggregate fair value in excess of (less than) unpaid principal balance(28)4 
Balance of non-accrual loans or loans more than 90 days past due1 1 
Aggregate unpaid principal balance in excess of fair value for non-accrual loans
or loans more than 90 days past due		— — 
Schedule of carrying value of structured notes, disaggregated by type of embedded derivative instrument
The following table provides information about the carrying value of notes carried at fair value, disaggregated by type of risk:

In billions of dollarsJune 30, 2025December 31, 2024
Interest rate linked$65.6 $58.0 
Foreign exchange linked— 0.1 
Equity linked47.3 41.8 
Commodity linked7.5 6.9 
Credit linked6.9 5.9 
Total$127.3 $112.7 
Schedule of long-term debt carried at fair value and short term borrowings, excluding debt issued by consolidated VIEs
The following table provides information about long-term debt and short-term borrowings carried at fair value:

In millions of dollarsJune 30, 2025December 31, 2024
Long-term debt
Carrying amount reported on the Consolidated Balance Sheet$127,373 $112,719 
Aggregate unpaid principal balance in excess of (less than) fair value811 (1,943)
Short-term borrowings
Carrying amount reported on the Consolidated Balance Sheet$20,594 $12,484 
Aggregate unpaid principal balance in excess of (less than) fair value(162)(87)