
	Maximum potential amount of future payments (in billions of dollars)
March 31, 2026	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions of dollars)
Financial standby letters of credit	$	14.6	$	65.9	$	80.5	$	387
Performance guarantees	5.0		6.9		11.9		26
Derivative instruments considered to be guarantees	16.6		44.9		61.5		811
Loans sold with recourse	—		0.9		0.9		—
Securities lending indemnifications(1)	171.4		—		171.4		—
Card merchant processing(2)	35.2		—		35.2		—
Credit card arrangements with partners(3)	2.1		18.9		21.0		—
Guarantees under the Fixed Income Clearing Corporation sponsored member repo program	276.3		—		276.3		—
Other(4)(5)	—		8.2		8.2		102
Total	$	521.2	$	145.7	$	666.9	$	1,326


	Maximum potential amount of future payments (in billions of dollars)
December 31, 2025	Expire within 1 year		Expire after 1 year		Total amount outstanding		Carrying value (in millions of dollars)
Financial standby letters of credit	$	15.1	$	68.1	$	83.2	$	546
Performance guarantees	4.9		6.4		11.3		25
Derivative instruments considered to be guarantees	14.5		31.8		46.3		542
Loans sold with recourse	—		0.9		0.9		—
Securities lending indemnifications(1)	134.0		—		134.0		—
Card merchant processing(2)	38.2		—		38.2		—
Credit card arrangements with partners(3)	2.1		19.4		21.5		—
Guarantees under the Fixed Income Clearing Corporation sponsored member repo program	306.1		—		306.1		—
Other(4)(5)	—		8.2		8.2		100
Total	$	514.9	$	134.8	$	649.7	$	1,213

(2)At March 31, 2026 and December 31, 2025, this maximum potential exposure was estimated to be approximately $35.2 billion and $38.2 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. See “Card Merchant Processing” in Note 28 to the Consolidated Financial Statements in Citi’s 2025 Form 10-K.

(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 2025 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.

(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.

Loans Sold with Recourse

In addition to the amounts presented in the tables above, the repurchase reserve was approximately $13 million and $13 million at March 31, 2026 and December 31, 2025, respectively, and these amounts are included in Other liabilities on the Consolidated Balance Sheet.

Futures and Over-the-Counter Derivatives Clearing

Citi provides clearing services on central clearing parties (CCP) for clients that need to clear exchange-traded and over-the-counter (OTC) derivatives contracts with CCPs. For additional information on Citi’s futures and over-the-counter derivatives clearing, see Note 28 to the Consolidated Financial Statements in Citi’s 2025 Form 10-K.

Carrying Value—Guarantees and Indemnifications

At March 31, 2026 and December 31, 2025, the total carrying amounts of the liabilities related to the guarantees and indemnifications included in the tables above amounted to approximately $1.3 billion and $1.2 billion, respectively. The carrying value of financial and performance guarantees is included in Other liabilities.

Collateral

Cash collateral available to Citi to reimburse losses realized under these guarantees and indemnifications amounted to $74.8 billion and $61.3 billion at March 31, 2026 and December 31, 2025, respectively. Securities and other marketable assets held as collateral amounted to $115.9 billion and $90.8 billion at March 31, 2026 and December 31, 2025, respectively. The majority of collateral is held to reimburse losses realized under securities lending indemnifications. In addition, letters of credit in favor of Citi held as collateral amounted to $2.8 billion and $2.5 billion at March 31, 2026 and December 31, 2025, respectively. Other property may also be available to Citi to cover losses under certain guarantees and indemnifications; however, the value of such property has not been determined.

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.


In millions of dollars	U.S.		Outside of U.S.(1)		March 31, 2026		December 31, 2025
Commercial and similar letters of credit	$	561	$	4,469	$	5,030	$	4,134
One- to four-family residential mortgages	954		589		1,543		1,521
Revolving open-end loans secured by one- to four-family residential properties	4,938		1		4,939		5,003
Commercial real estate, construction and land development	10,984		2,799		13,783		14,811
Credit card lines	639,005		65,860		704,865		694,594
Commercial and other consumer loan commitments	269,957		115,884		385,841		371,817
Other commitments and contingencies(2)	2,191		215		2,406		5,336
Total	$	928,590	$	189,817	$	1,118,407	$	1,097,216

Other Commitments

As a Federal Reserve member bank, Citi is required to subscribe to half of a certain amount of shares issued by its Federal Reserve District Bank. As of March 31, 2026 and December 31, 2025, Citi holds shares with a carrying value of $4.5 billion, with the remaining half subject to call by the Federal Reserve District Bank Board.

In the normal course of business, Citi enters into reverse repurchase and securities borrowing agreements, as well as repurchase and securities lending agreements, which settle at a future date. At March 31, 2026 and December 31, 2025, Citi had approximately $267.1 billion and $189.3 billion of unsettled reverse repurchase and securities borrowing agreements, and approximately $243.1 billion and $186.9 billion of unsettled repurchase and securities lending agreements, respectively. See Note 10 for a further discussion of securities purchased under agreements to resell and securities borrowed, and securities sold under agreements to repurchase and securities loaned, including the Company’s policy for offsetting repurchase and reverse repurchase agreements.

These amounts are not included in the table above.

Restricted Cash

For additional information on Citi’s restricted cash, see Note 28 to the Consolidated Financial Statements in Citi’s 2025 Form 10-K.

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


In millions of dollars	March 31, 2026		December 31, 2025
Cash and due from banks	$	3,870	$	3,337
Deposits with banks, net of allowance	22,859		21,081
Total	$	26,729	$	24,418