Allowance for credit losses at acquisition date

  
The following table presents consumer TDRs that defaulted for which the payment default occurred within one year of a permanent modification. Default is defined as 60 days past due. 

|  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
|  | Years ended December 31, |
| In millions of dollars | 2021 | 2020 |
| North America |   |   |
| Residential first mortgages | $ | 57  |  | $ | 71  |  |
| Home equity loans | 8  |  | 14  |  |
| Credit cards | 252  |  | 317  |  |
| Personal, small business and other | 4  |  | 4  |  |
| Total | $ | 321  |  | $ | 406  |  |
| International |   |   |
| Residential mortgages | $ | 38  |  | $ | 26  |  |
| Credit cards | 152  |  | 178  |  |
| Personal, small business and other | 96  |  | 78  |  |
| Total | $ | 286  |  | $ | 282  |  |

  
Purchased Credit-Deteriorated Assets  


|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Years ended December 31, |
|  |  2021 | 2020 |
| In millions of dollars | Credit cards | Mortgages(1) | Installment and other | Credit cards | Mortgages(1) | Installment and other |
| Purchase price  | $ | —  |  | $ | 23  |  | $ | —  |  | $ | 4  |  | $ | 49  |  | $ | —  |  |
| Allowance for credit losses at acquisition date | —  |  | —  |  | —  |  | 4  |  | —  |  | —  |  |
| Discount or premium attributable to non-credit factors | —  |  | —  |  | —  |  | —  |  | —  |  | —  |  |
| Par value (amortized cost basis) | $ | —  |  | $ | 23  |  | $ | —  |  | $ | 8  |  | $ | 49  |  | $ | —  |  |

  
  
(1)    Includes loans sold to agencies that were bought back at par due to repurchase agreements.  
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