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	March 31, 2026		December 31, 2025
Securities purchased under agreements to resell	$	269,742	$	279,722
Securities borrowed	83,357		76,478
Total, net(1)	$	353,099	$	356,200
Allowance for credit losses on securities purchased and borrowed(2)	(5)		(5)
Total, net of allowance	$	353,094	$	356,195


In millions of dollars	March 31, 2026		December 31, 2025
Securities sold under agreements to repurchase	$	342,934	$	328,196
Securities loaned	26,651		19,902
Total, net(1)	$	369,585	$	348,098

(1) The above tables do not include securities-for-securities lending transactions of $6.2 billion and $5.5 billion at March 31, 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 March 31, 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	$	678,635	$	408,893	$	269,742	$	267,514	$	2,228
Securities borrowed	109,096		25,739		83,357		29,880		53,477
Total	$	787,731	$	434,632	$	353,099	$	297,394	$	55,705


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	$	751,827	$	408,893	$	342,934	$	292,349	$	50,585
Securities loaned	52,390		25,739		26,651		23,019		3,632
Total	$	804,217	$	434,632	$	369,585	$	315,368	$	54,217


	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 March 31, 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	$	409,540	$	203,930	$	56,442	$	81,915	$	751,827
Securities loaned	36,298		1,414		1,960		12,718		52,390
Total	$	445,838	$	205,344	$	58,402	$	94,633	$	804,217


	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 March 31, 2026
In millions of dollars	Repurchase agreements		Securities lending agreements		Total
U.S. Treasury and federal agency securities	$	352,986	$	13	$	352,999
State and municipal securities	239		2		241
Foreign government securities	223,919		260		224,179
Corporate bonds	30,603		1,029		31,632
Equity securities	30,291		50,750		81,041
Mortgage-backed securities	106,618		—		106,618
Asset-backed securities	4,501		4		4,505
Other	2,670		332		3,002
Total	$	751,827	$	52,390	$	804,217


	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