v3.26.1
ALLOWANCE FOR CREDIT LOSSES (Tables)
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Schedule of allowance for credit losses and investment in loans by portfolio segment
The following tables summarize Citi’s allowance for credit losses for the three and six months ended June 30, 2026 and 2025:

Three Months Ended June 30,Six Months Ended June 30,
In millions of dollars2026202520262025
Allowance for credit losses on loans (ACLL) at beginning of period$19,636 $18,726 $19,247 $18,574 
Gross credit losses on loans(2,981)(2,723)(5,801)(5,649)
Gross recoveries on loans577 489 1,189 956 
Net credit losses (NCLs) on loans$(2,404)$(2,234)$(4,612)$(4,693)
Replenishment of NCLs$2,404 $2,234 $4,612 $4,693 
Net reserve builds (releases) for loans312 249 613 476 
Net specific reserve builds (releases) for loans(113)(6)(17)(131)
Total provision for credit losses on loans (PCLL)$2,603 $2,477 $5,208 $5,038 
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period(1)
78 — 78 — 
Other, net (see table below)48 154 40 204 
ACLL at end of period$19,961 $19,123 $19,961 $19,123 
Allowance for credit losses on unfunded lending commitments (ACLUC) at beginning of period(2)
$2,013 $1,720 $1,833 $1,601 
Provision (release) for credit losses on ACLUC(3)
(97)(19)87 89 
Other, net
(17)20 (21)31 
ACLUC at end of period(2)
$1,899 $1,721 $1,899 $1,721 
Total ACLL and ACLUC$21,860 $20,844 $21,860 $20,844 
Allowance for credit losses on other assets at beginning of period(4)
$186 $2,206 $147 $1,865 
NCLs on other assets(5)(5)(8)(18)
Provision (release) for credit losses on other assets(2)381 31 420 
Other, net(5)
(5)117 4 432 
Allowance for credit losses on other assets at end of period(4)
$174 $2,699 $174 $2,699 
Allowance for credit losses on HTM debt securities at beginning of period$116 $130 $146 $137 
Provision (release) for credit losses on HTM debt securities1 7 (29)2 
Other, net
— (1)— (3)
Allowance for credit losses on HTM debt securities at end of period$117 $136 $117 $136 
Total ACL$22,151 $23,679 $22,151 $23,679 

Other, net details (ACLL)Three Months Ended June 30,Six Months Ended June 30,
In millions of dollars2026202520262025
Reclasses of consumer ACLL to HFS$— $(29)$— $(29)
FX translation and other48 183 40 233 
Other, net (ACLL)$48 $154 $40 $204 

(1)Upon acquisition, the par value of the purchased credit-deteriorated assets was approximately $120 million during the three and six months ended June 30, 2026.
(2)Represents additional credit loss reserves for unfunded lending commitments and letters of credit recorded in Other liabilities on the Consolidated Balance Sheet.
(3)The first quarter of 2026 includes a reserve build related to Citi’s forward purchase commitment of the additional American Airlines co-branded card portfolio. This was released from unfunded lending commitments in the second quarter of 2026 and re-established as a reserve for the loans that were acquired.
(4)See additional details on the Allowance for credit losses on other assets below.
(5)Primarily reflects the impact of FX translation on the ACL on Other assets for transfer risk associated with exposures outside the U.S.
Allowance for Credit Losses on Loans (ACLL) and End-of-Period Loans

Three Months Ended
June 30, 2026June 30, 2025
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$3,339 $16,297 $19,636 $2,725 $16,001 $18,726 
Charge-offs(153)(2,828)(2,981)(63)(2,660)(2,723)
Recoveries19 558 577 14 475 489 
Replenishment of NCLs134 2,270 2,404 49 2,185 2,234 
Net reserve builds (releases)220 92 312 265 (16)249 
Net specific reserve builds (releases)(112)(1)(113)(6)— (6)
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period(1)
— 78 78 — — — 
Other4 44 48 39 115 154 
Ending balance$3,451 $16,510 $19,961 $3,023 $16,100 $19,123 
Six Months Ended
June 30, 2026June 30, 2025
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL at beginning of period$3,053 $16,194 $19,247 $2,556 $16,018 $18,574 
Charge-offs(195)(5,606)(5,801)(262)(5,387)(5,649)
Recoveries53 1,136 1,189 31 925 956 
Replenishment of NCLs142 4,470 4,612 231 4,462 4,693 
Net reserve builds (releases)423 190 613 544 (68)476 
Net specific reserve builds (releases)(16)(1)(17)(131)— (131)
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period(1)
— 78 78 — — — 
Other(9)49 40 54 150 204 
Ending balance$3,451 $16,510 $19,961 $3,023 $16,100 $19,123 

(1)Upon acquisition, the par value of the purchased credit-deteriorated assets was approximately $120 million during the three and six months ended June 30, 2026.

June 30, 2026December 31, 2025
In millions of dollarsCorporateConsumerTotalCorporateConsumerTotal
ACLL
Collectively evaluated$3,143 $16,396 $19,539 $2,730 $16,144 $18,874 
Individually evaluated 308 50 358 323 51 374 
Purchased credit deteriorated— 64 64 — (1)(1)
Total ACLL$3,451 $16,510 $19,961 $3,053 $16,194 $19,247 
Loans, net of unearned income
Collectively evaluated$367,187 $416,256 $783,443 $334,892 $408,225 $743,117 
Individually evaluated 1,747 59 1,806 2,001 149 2,150 
Purchased credit deteriorated— 179 179 — 108 108 
Held at fair value8,204 26 8,230 6,804 51 6,855 
Total loans, net of unearned income$377,138 $416,520 $793,658 $343,697 $408,533 $752,230 
Schedule of allowance for credit losses on other assets
Allowance for Credit Losses on Other Assets

Three Months Ended June 30, 2026
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
All other assets(1)
Total
Allowance for credit losses on other assets at beginning of quarter$32 $5 $149 $186 
Gross credit losses— — (12)(12)
Gross recoveries— — 7 7 
Net credit losses (NCLs)$— $— $(5)$(5)
Replenishment of NCLs$— $— $5 $5 
Net reserve builds (releases)(14)(2)9 (7)
Total provision for credit losses$(14)$(2)$14 $(2)
Other, net$— $— $(5)$(5)
Allowance for credit losses on other assets at end of quarter$18 $3 $153 $174 
Six Months Ended June 30, 2026
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
All other assets(1)
Total
Allowance for credit losses on other assets at beginning of year$23 $5 $119 $147 
Gross credit losses— — (22)(22)
Gross recoveries— — 14 14 
Net credit losses (NCLs)$— $— $(8)$(8)
Replenishment of NCLs$— $— $8 $8 
Net reserve builds (releases)(6)(2)31 23 
Total provision for credit losses$(6)$(2)$39 $31 
Other, net
$1 $— $3 $4 
Allowance for credit losses on other assets at end of quarter$18 $3 $153 $174 

(1)Primarily ACL related to transfer risk associated with exposures outside the U.S.
Three Months Ended June 30, 2025
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
All other assets(1)
Total
Allowance for credit losses on other assets at beginning of quarter$19 $4 $2,183 $2,206 
Gross credit losses— — (14)(14)
Gross recoveries— — 9 9 
Net credit losses (NCLs)$— $— $(5)$(5)
Replenishment of NCLs$— $— $5 $5 
Net reserve builds (releases)21 6 349 376 
Total provision for credit losses$21 $6 $354 $381 
Other, net$— $— $117 $117 
Allowance for credit losses on other assets at end of quarter$40 $10 $2,649 $2,699 
Six Months Ended June 30, 2025
In millions of dollarsDeposits with banksSecurities borrowed and purchased under agreements
to resell
All other assets(1)
Total
Allowance for credit losses on other assets at beginning of year$25 $3 $1,837 $1,865 
Gross credit losses— — (31)(31)
Gross recoveries— — 13 13 
Net credit losses (NCLs)$— $— $(18)$(18)
Replenishment of NCLs$— $— $18 $18 
Net reserve builds (releases)15 7 380 402 
Total provision for credit losses$15 $7 $398 $420 
Other, net$— $— $432 $432 
Allowance for credit losses on other assets at end of quarter$40 $10 $2,649 $2,699 

(1)    Primarily ACL related to transfer risk associated with exposures outside the U.S.