Citibank 2009 Annual Report Download - page 13

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CITIGROUP’S 2009 ANNUAL REPORT ON FORM 10-K
OVERVIEW 4
CITIGROUP SEGMENTS AND REGIONS 5
MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS 7
EXECUTIVE SUMMARY 7
2010 Business Outlook 11
RESULTS OF OPERATIONS 13
FIVE-YEAR SUMMARY OF SELECTED
FINANCIAL DATA 13
SEGMENT, BUSINESS AND PRODUCT—
INCOME (LOSS) AND REVENUES 14
Citigroup Income (Loss) 14
Citigroup Revenues 15
CITICORP 16
Regional Consumer Banking 17
North America Regional Consumer Banking 18
EMEA Regional Consumer Banking 20
Latin America Regional Consumer Banking 22
Asia Regional Consumer Banking 24
Institutional Clients Group 26
Securities and Banking 27
Transaction Services 29
CITI HOLDINGS 30
Brokerage and Asset Management 31
Local Consumer Lending 32
Special Asset Pool 35
CORPORATE/OTHER 38
BALANCE SHEET REVIEW 39
Segment Balance Sheet at December 31, 2009 42
CAPITAL RESOURCES AND LIQUIDITY 43
Capital Resources 43
Funding and Liquidity 48
OFF-BALANCE-SHEET ARRANGEMENTS 52
CONTRACTUAL OBLIGATIONS 53
RISK FACTORS 54
MANAGING GLOBAL RISK 61
Risk Management—Overview 61
Risk Aggregation and Stress Testing 62
Risk Capital 62
Credit Risk 63
Loan and Credit Overview 63
2010 Credit Outlook 63
Loans Outstanding 64
Details of Credit Loss Experience 65
Non-Accrual Assets 66
Foregone Interest Revenue on Loans 68
Consumer Loan Delinquency Amounts and Ratios 70
Consumer Loan Net Credit Losses and Ratios 71
Consumer Loan Modification Programs 72
U.S. Consumer Lending 73
Corporate Loan Details 82
U.S. Subprime-Related Direct Exposure in Citi Holdings—
Special Asset Pool 85
Direct Exposure to Monolines 87
Highly Leveraged Financial Transactions 88
Market Risk 89
Average Balances and Interest Rates—Assets 94
Average Balances and Interest Rates—Liabilities and Equity,
and Net Interest Revenue 95
Analysis of Changes in Interest Revenue 96
Analysis of Changes in Interest Expense and Net Interest Revenue 97
Operational Risk 98
Country and FFIEC Cross-Border Risk Management Process 99
Country and Cross-Border Risk 99
DERIVATIVES 100
PENSION AND POSTRETIREMENT PLANS 103
SIGNIFICANT ACCOUNTING POLICIES AND
SIGNIFICANT ESTIMATES 105
Valuations of Financial Instruments 105
Allowance for Credit Losses 107
Securitizations 107
Goodwill 110
Income Taxes 112
Legal Reserves 113
Accounting Changes and Future Application of
Accounting Standards 113
FORWARD-LOOKING INFORMATION 114
CONTROLS AND PROCEDURES 115
MANAGEMENT’S REPORT ON INTERNAL
CONTROL OVER FINANCIAL REPORTING 116
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM—INTERNAL
CONTROL OVER FINANCIAL REPORTING 117
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM—
CONSOLIDATED FINANCIAL STATEMENTS 118
FINANCIAL STATEMENTS AND NOTES TABLE
OF CONTENTS 119
CONSOLIDATED FINANCIAL STATEMENTS 120
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS 126
FINANCIAL DATA SUPPLEMENT (Unaudited) 258
Ratios 258
Average Deposit Liabilities in Offices Outside the U.S. 258
Maturity Profile of Time Deposits ($100,000 or more) in U.S. Offices 258
Short-Term and Other Borrowings 258
SUPERVISION AND REGULATION 259
CUSTOMERS 261
COMPETITION 262
PROPERTIES 262
LEGAL PROCEEDINGS 263
UNREGISTERED SALES OF EQUITY;
PURCHASES OF EQUITY SECURITIES;
DIVIDENDS 267
CORPORATE INFORMATION 270
CITIGROUP BOARD OF DIRECTORS 272
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Consumer Loan Details