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 2025 Form 10-K.


In millions of dollars	June 30, 2026		December 31, 2025
Securities purchased under agreements to resell(1)	$	302,957	$	279,722
Securities borrowed	101,701		76,478
Total, net(2)	$	404,658	$	356,200
Allowance for credit losses on securities purchased and borrowed(3)	(3)		(5)
Total, net of allowance	$	404,655	$	356,195


In millions of dollars	June 30, 2026		December 31, 2025
Securities sold under agreements to repurchase	$	381,425	$	328,196
Securities loaned	29,701		19,902
Total, net(2)	$	411,126	$	348,098

(2) The above tables do not include securities-for-securities lending transactions of $3.2 billion and $5.5 billion at June 30, 2026 and December 31, 2025, 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, 2026
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(5)	$	680,579	$	377,622	$	302,957	$	297,702	$	5,255
Securities borrowed	136,269		34,568		101,701		25,081		76,620
Total	$	816,848	$	412,190	$	404,658	$	322,783	$	81,875


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	$	759,047	$	377,622	$	381,425	$	327,056	$	54,369
Securities loaned	64,269		34,568		29,701		24,688		5,013
Total	$	823,316	$	412,190	$	411,126	$	351,744	$	59,382


	As of December 31, 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	$	667,949	$	388,227	$	279,722	$	273,366	$	6,356
Securities borrowed	105,383		28,905		76,478		25,236		51,242
Total	$	773,332	$	417,132	$	356,200	$	298,602	$	57,598


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	$	716,423	$	388,227	$	328,196	$	283,624	$	44,572
Securities loaned	48,807		28,905		19,902		17,197		2,705
Total	$	765,230	$	417,132	$	348,098	$	300,821	$	47,277

(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, 2026
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	$	404,870	$	213,039	$	60,327	$	80,811	$	759,047
Securities loaned	45,814		2,981		3,448		12,026		64,269
Total	$	450,684	$	216,020	$	63,775	$	92,837	$	823,316


	As of December 31, 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	$	359,099	$	232,476	$	53,470	$	71,378	$	716,423
Securities loaned	36,757		352		1,263		10,435		48,807
Total	$	395,856	$	232,828	$	54,733	$	81,813	$	765,230

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, 2026
In millions of dollars	Repurchase agreements		Securities lending agreements		Total
U.S. Treasury and federal agency securities	$	300,287	$	103	$	300,390
State and municipal securities	174		—		174
Foreign government securities	250,684		574		251,258
Corporate bonds	38,962		498		39,460
Equity securities	39,123		62,172		101,295
Mortgage-backed securities	117,233		—		117,233
Asset-backed securities	7,918		—		7,918
Other	4,666		922		5,588
Total	$	759,047	$	64,269	$	823,316


	As of December 31, 2025
In millions of dollars	Repurchase agreements		Securities lending agreements		Total
U.S. Treasury and federal agency securities	$	349,012	$	28	$	349,040
State and municipal securities	240		56		296
Foreign government securities	208,189		226		208,415
Corporate bonds	24,161		163		24,324
Equity securities	26,779		46,792		73,571
Mortgage-backed securities	100,191		21		100,212
Asset-backed securities	6,203		73		6,276
Other	1,648		1,448		3,096
Total	$	716,423	$	48,807	$	765,230