12 . brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business . citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices . credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question . citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines . margin levels are monitored daily , and customers deposit additional collateral as required . where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level . exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi . credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive . brokerage receivables and brokerage payables consisted of the following: .
payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
December 31,
In millions of dollars 2017 2016
Receivables from customers $19,215 $10,374
Receivables from brokers, dealers and clearing organizations 19,169 18,513
Total brokerage receivables<sup>(1)</sup> $38,384 $28,887
Payables to customers $38,741 $37,237
Payables to brokers, dealers and clearing organizations 22,601 19,915
Total brokerage payables<sup>(1)</sup> $61,342 $57,152
in millions of dollars december 31 , 2017 december 31 , 2016
receivables from customers $ 19215 $ 10374
receivables from brokers dealers and clearing organizations 19169 18513
total brokerage receivables ( 1 ) $ 38384 $ 28887
payables to customers $ 38741 $ 37237
payables to brokers dealers and clearing organizations 22601 19915
total brokerage payables ( 1 ) $ 61342 $ 57152
what was the percentage increased in the total brokerage payables from 2016 to 2017