7.3 billion - Citigroup

The table below shows the fair value of AFS securities that have been in an unrealized loss position for less than 12 months or for12 months or longer as of March 31, 2012 and December 31, 2011:Less than 12 months 12 months or longer TotalIn millions of dollarsMarch 31, 2012FairvalueGrossunrealizedlossesFairvalueGrossunrealizedlossesFairvalueGrossunrealizedlossesSecurities AFSMortgage-backed securitiesU.S. government-sponsored agency guaranteed $ 7,701 $ 60 $ 301 $ 18 $ 8,002 $ 78Prime 23 — 34 3 57 3Alt-A — — — — — —Subprime — — — — — —Non-U.S. residential 1,737 5 49 — 1,786 5Commercial 31 — 29 7 60 7Total mortgage-backed securities $ 9,492 $ 65 $ 413 $ 28 $ 9,905 $ 93U.S. Treasury and federal agency securitiesU.S. Treasury $14,795 $ 46 $ 49 $ 1 $14,844 $ 47Agency obligations 3,753 5 — — 3,753 5Total U.S. Treasury and federal agency securities $18,548 $ 51 $ 49 $ 1 $18,597 $ 52State and municipal $ 3 $ 29 $11,110 $1,968 $11,113 $1,997Foreign government 32,177 132 8,783 167 40,960 299Corporate 1,893 11 203 21 2,096 32Asset-backed securities 3,261 51 504 13 3,765 64Other debt securities — — — — — —Marketable equity securities AFS 17 2 1,331 165 1,348 167Total securities AFS $65,391 $341 $22,393 $2,363 $87,784 $2,704December 31, 2011Securities AFSMortgage-backed securitiesU.S. government-sponsored agency guaranteed $ 5,398 $ 32 $ 51 $ 19 $ 5,449 $ 51Prime 27 1 40 5 67 6Alt-A — — — — — —Subprime — — — — — —Non-U.S. residential 3,418 22 57 — 3,475 22Commercial 35 1 31 8 66 9Total mortgage-backed securities $ 8,878 $ 56 $ 179 $ 32 $ 9,057 $ 88U.S. Treasury and federal agency securitiesU.S. Treasury $ 553 $ — $ — $ — $ 553 $ —Agency obligations 2,970 2 — — 2,970 2Total U.S. Treasury and federal agency securities $ 3,523 $ 2 $ — $ — $ 3,523 $ 2State and municipal $59 $ 2 $11,591 $2,552 $11,650 $2,554Foreign government 33,109 211 11,205 193 44,314 404Corporate 2,104 24 203 29 2,307 53Asset-backed securities 4,625 68 466 13 5,091 81Other debt securities 164 — — — 164 —Marketable equity securities AFS 47 5 1,457 190 1,504 195Total securities AFS $52,509 $368 $25,101 $3,009 $77,610 $3,377107CITIGROUP – 2012 FIRST QUARTER 10-Q