Citigroup Inc.

More documents

Recommendations

Info

The previous table does not include:• certain venture capital investments made by some of the Company’sprivate equity subsidiaries, as the Company accounts for these investmentsin accordance with the Investment Company Audit Guide;• certain limited partnerships that are investment funds that qualify forthe deferral from the requirements of SFAS 167 where the Company isthe general partner and the limited partners have the right to replace thegeneral partner or liquidate the funds;• certain investment funds for which the Company provides investmentmanagement services and personal estate trusts for which the Companyprovides administrative, trustee and/or investment management services;• VIEs structured by third parties where the Company holds securities ininventory. These investments are made on arm’s-length terms;• certain positions in mortgage-backed and asset-backed securities heldby the Company, which are classified as Trading account assets orInvestments, where the Company has no other involvement with therelated securitization entity. For more information on these positions, seeNotes 14 and 15 to the Consolidated Financial Statements;• certain representations and warranties exposures in Securities andBanking mortgage-backed and asset-backed securitizations, where theCompany has no variable interest or continuing involvement as servicer.The outstanding balance of the loans securitized was approximately$23 billion at December 31, 2010, related to transactions sponsored bySecurities and Banking during the period 2005 to 2008; and• certain representations and warranties exposures in Consumer mortgagesecuritizations, where the original mortgage loan balances are nolonger outstanding.Prior to January 1, 2010, the table did not include:• assets transferred to a VIE where the transfer did not qualify as a sale andwhere the Company did not have any other involvement that is deemedto be a variable interest with the VIE. These transfers are accounted for assecured borrowings by the Company.The asset balances for consolidated VIEs represent the carrying amountsof the assets consolidated by the Company. The carrying amount mayrepresent the amortized cost or the current fair value of the assets dependingon the legal form of the asset (e.g., security or loan) and the Company’sstandard accounting policies for the asset type and line of business.The asset balances for unconsolidated VIEs where the Company hassignificant involvement represent the most current information availableto the Company. In most cases, the asset balances represent an amortizedcost basis without regard to impairments in fair value, unless fair valueinformation is readily available to the Company. For VIEs that obtainasset exposures synthetically through derivative instruments (for example,synthetic CDOs), the table includes the full original notional amount of thederivative as an asset.The maximum funded exposure represents the balance sheet carryingamount of the Company’s investment in the VIE. It reflects the initialamount of cash invested in the VIE plus any accrued interest and is adjustedfor any impairments in value recognized in earnings and any cash principalpayments received. The maximum exposure of unfunded positions representsthe remaining undrawn committed amount, including liquidity and creditfacilities provided by the Company, or the notional amount of a derivativeinstrument considered to be a variable interest, adjusted for any declinesin fair value recognized in earnings. In certain transactions, the Companyhas entered into derivative instruments or other arrangements that are notconsidered variable interests in the VIE (e.g., interest rate swaps, crosscurrencyswaps, or where the Company is the purchaser of credit protectionunder a credit default swap or total return swap where the Company paysthe total return on certain assets to the SPE). Receivables under sucharrangements are not included in the maximum exposure amounts.234
Funding Commitments for Significant Unconsolidated VIEs—Liquidity Facilities and Loan CommitmentsThe following table presents the notional amount of liquidity facilities and loan commitments that are classified as funding commitments in the SPE table as ofDecember 31, 2010:In millions of dollars Liquidity facilities Loan commitmentsCiticorpCiti-administered asset-backed commercial paper conduits (ABCP) $ 9,270 $ 359Third-party commercial paper conduits 298 —Asset-based financing 5 5,591Municipal securities tender option bond trusts (TOBs) 6,454 —Municipal investments — 1,478Investment funds — 66Other — 119Total Citicorp $16,027 $7,613Citi HoldingsThird-party commercial paper conduits $ 252 $ —Collateralized loan obligations (CLOs) — 29Asset-based financing — 300Municipal investments — 136Investment funds 45 —Other — 91Total Citi Holdings $ 297 $ 556Total <strong>Citigroup</strong> funding commitments $16,324 $8,169235
Page 1 and 2:
UNITED STATESSECURITIES AND EXCHANG
Page 3 and 4:
CITIGROUP’S 2010 ANNUAL REPORT ON
Page 5 and 6:
As described above, Citigroup is ma
Page 7 and 8:
Operating ExpensesCitigroup operati
Page 9 and 10:
FIVE-YEAR SUMMARY OF SELECTED FINAN
Page 11 and 12:
CITIGROUP REVENUESIn millions of do
Page 13 and 14:
REGIONAL CONSUMER BANKINGRegional C
Page 15 and 16:
2009 vs. 2008Revenues, net of inter
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
SECURITIES AND BANKINGSecurities an
Page 25 and 26:
TRANSACTION SERVICESTransaction Ser
Page 27 and 28:
BROKERAGE AND ASSET MANAGEMENTBroke
Page 29 and 30:
Japan Consumer FinanceCitigroup con
Page 31 and 32:
The following table provides detail
Page 33 and 34:
CORPORATE/OTHERCorporate/Other incl
Page 35 and 36:
During 2010, average Consumer loans
Page 37 and 38:
SEGMENT BALANCE SHEET AT DECEMBER 3
Page 39 and 40:
Citigroup Regulatory Capital Ratios
Page 41 and 42:
Capital Resources of Citigroup’s
Page 43 and 44:
Regulatory Capital Standards Develo
Page 45 and 46:
DepositsCiti continues to focus on
Page 47 and 48:
Secured financing is primarily cond
Page 49 and 50:
Each of the credit rating agencies
Page 51 and 52:
RISK FACTORSThe ongoing implementat
Page 53 and 54:
The emerging markets in which Citi
Page 55 and 56:
is largely uncertain. However, any
Page 57 and 58:
a short-term Liquidity Coverage Rat
Page 59 and 60:
understanding or cause confusion ac
Page 61 and 62:
MANAGING GLOBAL RISKRISK MANAGEMENT
Page 63 and 64:
CREDIT RISKCredit risk is the poten
Page 65 and 66:
[This page intentionally left blank
Page 67 and 68:
(1) 2010 primarily includes an addi
Page 69 and 70:
Non-Accrual Loans and AssetsThe tab
Page 71 and 72:
Renegotiated LoansThe following tab
Page 73 and 74:
Citi’s first mortgage portfolio i
Page 75 and 76:
Consumer Mortgage FICO and LTVData
Page 77 and 78:
Second Mortgages: December 31, 2010
Page 79 and 80:
Interest Rate Risk Associated with
Page 81 and 82:
North America Cards—FICO Informat
Page 83 and 84:
CONSUMER LOAN DETAILSConsumer Loan
Page 85 and 86:
Consumer Loan Modification Programs
Page 87 and 88:
North America CardsNorth America ca
Page 89 and 90:
Payment deferrals that do not conti
Page 91 and 92:
Repurchase ReserveCiti has recorded
Page 93 and 94:
Securities and Banking-Sponsored Pr
Page 95 and 96:
The following table presents the co
Page 97 and 98:
MARKET RISKMarket risk encompasses
Page 99 and 100:
Trading PortfoliosPrice risk in tra
Page 101 and 102:
INTEREST REVENUE/EXPENSE AND YIELDS
Page 103 and 104:
AVERAGE BALANCES AND INTEREST RATES
Page 105 and 106:
ANALYSIS OF CHANGES IN INTEREST EXP
Page 107 and 108:
[This page intentionally left blank
Page 109 and 110:
As required by SEC rules, the table
Page 111 and 112:
The credit valuation adjustment amo
Page 113 and 114:
The fair values shown are prior to
Page 115 and 116:
Key Controls over Fair Value Measur
Page 117 and 118:
The following table reflects the in
Page 119 and 120:
The results of the July 1, 2010 tes
Page 121 and 122:
As a result of the losses incurred
Page 123 and 124:
MANAGEMENT’S ANNUAL REPORT ON INT
Page 125 and 126:
• an “ownership change” under
Page 127 and 128:
REPORT OF INDEPENDENT REGISTERED PU
Page 129 and 130:
FINANCIAL STATEMENTS AND NOTES TABL
Page 131 and 132:
CONSOLIDATED FINANCIAL STATEMENTSCO
Page 133 and 134:
CONSOLIDATED BALANCE SHEET(Continue
Page 135 and 136:
CONSOLIDATED STATEMENT OF CHANGES I
Page 137 and 138:
CITIBANK CONSOLIDATED BALANCE SHEET
Page 139 and 140:
NOTES TO CONSOLIDATED FINANCIAL STA
Page 141 and 142:
Repurchase and Resale AgreementsSec
Page 143 and 144:
ecoveries are added. Securities rec
Page 145 and 146:
Consumer Mortgage Representations a
Page 147 and 148:
Transfers of Financial AssetsFor a
Page 149 and 150:
ACCOUNTING CHANGESChange in Account
Page 151 and 152:
The following table reflects the in
Page 153 and 154:
Measuring Liabilities at Fair Value
Page 155 and 156:
Revisions to the Earnings-per-Share
Page 157 and 158:
FUTURE APPLICATION OF ACCOUNTING ST
Page 159 and 160:
3. DISCONTINUED OPERATIONSSale of T
Page 161 and 162:
CitiCapitalOn July 31, 2008, Citigr
Page 163 and 164: 5. INTEREST REVENUE AND EXPENSEFor
Page 165 and 166: Stock Award ProgramsCitigroup issue
Page 167 and 168: In January 2009, members of the Man
Page 169 and 170: Information with respect to stock o
Page 171 and 172: 9. RETIREMENT BENEFITSThe Company h
Page 173 and 174: The following table shows the chang
Page 175 and 176: A one-percentage-point change in th
Page 177 and 178: Level 3 Roll ForwardThe reconciliat
Page 179 and 180: 10. INCOME TAXESIn millions of doll
Page 181 and 182: The Company is currently under audi
Page 183 and 184: 11. EARNINGS PER SHAREThe following
Page 185 and 186: 13. BROKERAGE RECEIVABLES AND BROKE
Page 187 and 188: The table below shows the fair valu
Page 189 and 190: Debt Securities Held-to-MaturityThe
Page 191 and 192: Evaluating Investments for Other-Th
Page 193 and 194: The following is a 12-month roll-fo
Page 195 and 196: 16. LOANSCitigroup loans are report
Page 197 and 198: Residential Mortgage Loan to Values
Page 199 and 200: The following table presents Corpor
Page 201 and 202: Included in the Corporate and Consu
Page 203 and 204: 18. GOODWILL AND INTANGIBLE ASSETSG
Page 205 and 206: Intangible AssetsThe components of
Page 207 and 208: CGMHI has committed long-term finan
Page 209 and 210: 20. Regulatory CapitalCitigroup is
Page 211 and 212: 22. SECURITIZATIONS AND VARIABLE IN
Page 213: In millions of dollars As of Decemb
Page 217 and 218: Credit Card SecuritizationsThe Comp
Page 219 and 220: Managed Loans—Citi HoldingsThe fo
Page 221 and 222: Key assumptions used in measuring t
Page 223 and 224: Mortgage Servicing RightsIn connect
Page 225 and 226: The Company administers one conduit
Page 227 and 228: Key Assumptions and Retained Intere
Page 229 and 230: Municipal InvestmentsMunicipal inve
Page 231 and 232: Derivative NotionalsIn millions of
Page 233 and 234: activities together with gains and
Page 235 and 236: Cash Flow HedgesHedging of benchmar
Page 237 and 238: The range of credit derivatives sol
Page 239 and 240: 24. CONCENTRATIONS OF CREDIT RISKCo
Page 241 and 242: Trading account assets and liabilit
Page 243 and 244: The internal valuation techniques u
Page 245 and 246: In millions of dollars at December
Page 247 and 248: Changes in Level 3 Fair Value Categ
Page 249 and 250: In millions of dollarsDecember 31,2
Page 251 and 252: 26. FAIR VALUE ELECTIONSThe Company
Page 253 and 254: The following table provides inform
Page 255 and 256: Certain structured liabilitiesThe C
Page 257 and 258: 28. PLEDGED SECURITIES, COLLATERAL,
Page 259 and 260: The repurchase reserve estimation p
Page 261 and 262: CollateralCash collateral available
Page 263 and 264: 29. CONTINGENCIESOverviewIn additio
Page 265 and 266:
pursuant to which Citigroup agreed
Page 267 and 268:
court filings under docket number 0
Page 269 and 270:
30. CITIBANK, N.A. STOCKHOLDER’S
Page 271 and 272:
Condensed Consolidating Statements
Page 273 and 274:
Page 275 and 276:
Condensed Consolidating Balance She
Page 277 and 278:
Page 279 and 280:
33. SELECTED QUARTERLY FINANCIAL DA
Page 281 and 282:
SUPERVISION AND REGULATIONCitigroup
Page 283 and 284:
Citigroup continues to evaluate its
Page 285 and 286:
CORPORATE INFORMATIONCITIGROUP EXEC
Page 287 and 288:
SignaturesPursuant to the requireme
show all

Citigroup Inc.

Create successful ePaper yourself

Delete template?

Save as template?