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Citibank 2010 Annual Report Download - page 151

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149

FINANCIAL STATEMENTS AND NOTES TABLE OF CONTENTS

CONSOLIDATED FINANCIAL STATEMENTS

Consolidated Statement of Income—

For the Years Ended December 31, 2010, 2009 and 2008 151

Consolidated Balance Sheet—

December 31, 2010 and 2009 152

Consolidated Statement of Changes in Stockholders’ Equity—

For the Years Ended December 31, 2010, 2009 and 2008 154

Consolidated Statement of Cash Flows—

For the Years Ended December 31, 2010, 2009 and 2008 156

Citibank Consolidated Balance Sheet—

Citibank, N.A. and Subsidiaries—December 31, 2010 and 2009 157

NOTES TO CONSOLIDATED FINANCIAL

STATEMENTS

Note 1 – Summary of Significant Accounting Policies 159

Note 2 – Business Developments 178

Note 3 – Discontinued Operations 179

Note 4 – Business Segments 182

Note 5 – Interest Revenue and Expense 183

Note 6 – Commissions and Fees 183

Note 7 – Principal Transactions 184

Note 8 – Incentive Plans 184

Note 9 – Retirement Benefits 191

Note 10 – Income Taxes 199

Note 11 – Earnings per Share 203

Note 12 – Federal Funds/Securities Borrowed, Loaned, and Subject to

Repurchase Agreements 204

Note 13 – Brokerage Receivables and Brokerage Payables 205

Note 14 – Trading Account Assets and Liabilities 205

Note 15 – Investments 206

Note 16 – Loans 215

Note 17 – Allowance for Credit Losses 222

Note 18 – Goodwill and Intangible Assets 223

Note 19 – Debt 226

Note 20 – Regulatory Capital 229

Note 21 – Changes in Accumulated Other Comprehensive Income (Loss) 230

Note 22 – Securitizations and Variable Interest Entities 231

Note 23 – Derivatives Activities 250

Note 24 – Concentrations of Credit Risk 259

Note 25 – Fair Value Measurement 259

Note 26 – Fair Value Elections 271

Note 27 – Fair Value of Financial Instruments 276

Note 28 – Pledged Securities, Collateral, Commitments and Guarantees 277

Note 29 – Contingencies 283

Note 30 – Citibank, N.A. Stockholder’s Equity 289

Note 31 – Subsequent Event 290

Note 32 – Condensed Consolidating Financial Statement Schedules 290

Note 33 – Selected Quarterly Financial Data (Unaudited) 299