GUARANTEES AND COMMITMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Guarantees and Commitments [Abstract]

The following tables present information about Citi’s guarantees at June 30, 2025 and December 31, 2024.

For additional information on Citi’s guarantees and indemnifications included in the tables below, as well as its other guarantees and indemnifications excluded from these tables, see Note 28 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K.


	Maximum potential amount of future payments
In billions of dollars at June 30, 2025	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions of dollars)
Financial standby letters of credit	$	14.9	$	65.4	$	80.3	$	539
Performance guarantees	4.6		5.7		10.3		27
Derivative instruments considered to be guarantees	29.6		32.0		61.6		486
Loans sold with recourse	—		0.9		0.9		—
Securities lending indemnifications(1)	114.9		—		114.9		—
Card merchant processing(2)	36.1		—		36.1		—
Credit card arrangements with partners(3)	1.1		20.5		21.6		1
Guarantees under the Fixed Income Clearing Corporation sponsored member repo program	153.4		—		153.4		—
Other(4)(5)	—		8.4		8.4		87
Total	$	354.6	$	132.9	$	487.5	$	1,140


	Maximum potential amount of future payments
In billions of dollars at December 31, 2024	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions of dollars)
Financial standby letters of credit	$	15.5	$	63.5	$	79.0	$	546
Performance guarantees	4.2		5.8		10.0		27
Derivative instruments considered to be guarantees	15.8		27.3		43.1		332
Loans sold with recourse	—		1.0		1.0		—
Securities lending indemnifications(1)	96.3		—		96.3		—
Card merchant processing(2)	124.3		—		124.3		—
Credit card arrangements with partners(3)	0.2		21.5		21.7		2
Guarantees under the Fixed Income Clearing Corporation sponsored member repo program	139.5		—		139.5		—
Other(4)(5)	0.1		8.4		8.5		57
Total	$	395.9	$	127.5	$	523.4	$	964

(1)The carrying values of securities lending indemnifications were not material for either period presented, as the probability of potential liabilities arising from these guarantees is minimal.

(2)At June 30, 2025 and December 31, 2024, this maximum potential exposure was estimated to be approximately $36 billion and $124 billion, respectively. However, Citi believes that the maximum exposure is not representative of the actual potential loss exposure based on its historical experience. This contingent liability is unlikely to arise, as most products and services are delivered when purchased and amounts are refunded when items are returned to merchants. As such, any losses incurred and the carrying amounts of Citi’s contingent obligations related to merchant processing activities were immaterial. See “Card Merchant Processing” below.

(3)Includes additional guarantees entered into as part of the extension and amendment of the American Airlines co-branded credit card partnership agreement, executed in December 2024. See “Credit Card Arrangements with Partners” in Note 28 to the Consolidated Financial Statements in Citi’s 2024 Form 10-K. Citi believes that the maximum exposure is not representative of actual potential loss exposure based on historical and expected future performance of the portfolio.

(4)Includes guarantees of subsidiaries.

(5)In the fourth quarter of 2024, the Company entered into an agreement that indemnifies certain subsidiaries of the Company against certain matters related to the business operated by the Company through other subsidiaries, including certain existing, as well as potential future, legal proceedings, including tax matters. Certain of such indemnification obligations have no stated expiration date and are not subject to specific limitations on the maximum potential amount of future payments that the Company could be required to make. The Company is not able to estimate the maximum potential amount of future payments to be made under this agreement because the triggering events are not predictable.

Schedule of guarantor obligations by credit ratings

Presented in the tables below are the maximum potential amounts of future payments that are classified based on internal and external credit ratings. The determination of the maximum potential future payments is based on the notional amount of the guarantees without consideration of possible recoveries under recourse provisions or from collateral held or pledged. As such, Citi believes such amounts bear no relationship to the anticipated losses, if any, on these guarantees.


	Maximum potential amount of future payments
In billions of dollars at June 30, 2025	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	67.4	$	12.9	$	—	$	80.3
Loans sold with recourse	—		—		0.9		0.9
Other	—		8.4		—		8.4
Total	$	67.4	$	21.3	$	0.9	$	89.6


	Maximum potential amount of future payments
In billions of dollars at December 31, 2024	Investment grade		Non-investment grade		Not rated		Total
Financial standby letters of credit	$	63.2	$	15.6	$	0.2	$	79.0
Loans sold with recourse	—		—		1.0		1.0
Other	—		8.4		—		8.4
Total	$	63.2	$	24.0	$	1.2	$	88.4

Schedule of credit commitments

The table below summarizes Citigroup’s credit commitments:


In millions of dollars	U.S.		Outside of U.S.(1)		June 30, 2025		December 31, 2024
Commercial and similar letters of credit	$	644	$	3,595	$	4,239	$	4,031
One- to four-family residential mortgages	872		652		1,524		967
Revolving open-end loans secured by one- to four-family residential properties	5,142		12		5,154		5,271
Commercial real estate, construction and land development	11,894		2,996		14,890		14,107
Credit card lines	624,682		63,846		688,528		676,749
Commercial and other consumer loan commitments	211,402		115,033		326,435		325,329
Other commitments and contingencies(2)	4,672		225		4,897		4,908
Total	$	859,308	$	186,359	$	1,045,667	$	1,031,362

(1)Consumer commitments related to the business HFS countries under sales agreements are reflected in their original categories until the respective sales are completed.

(2)Other commitments and contingencies include commitments to purchase certain debt and equity securities.

Schedule of restricted cash

Restricted cash is included on the Consolidated Balance Sheet within the following balance sheet lines:


In millions of dollars	June 30, 2025		December 31, 2024
Cash and due from banks	$	4,140	$	3,325
Deposits with banks, net of allowance	18,341		16,217
Total	$	22,481	$	19,542