Citibank 2010 Annual Report Download - page 221

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The following table presents Corporate credit quality information as of
December 31, 2010:
Corporate Loans Credit Quality Indicators
at December 31, 2010
In millions of dollars
Recorded
investment in
loans (1)
Investment grade (2)
Commercial and industrial $ 51,042
Financial institutions 47,310
Mortgage and real estate 8,119
Leases 1,204
Other 21,844
Total investment grade $129,519
Non-investment grade (2)
Accrual
Commercial and industrial $ 25,992
Financial institutions 3,412
Mortgage and real estate 3,329
Leases 695
Other 4,316
Non-accrual
Commercial and industrial 5,125
Financial institutions 1,258
Mortgage and real estate 1,782
Leases 45
Other 400
Total non-investment grade $ 46,354
Private Banking loans managed on a
delinquency basis (2) $ 12,662
Loans at fair value 2,627
Corporate loans, net of unearned income $191,162
(1) Recorded investment in a loan includes accrued interest, net of deferred loan fees and costs,
unamortized premium or discount, and less any direct write-downs.
(2) Held-for-investment loans accounted for on an amortized cost basis.
Corporate loans and leases identified as impaired and placed on non-
accrual status are written down to the extent that principal is judged to
be uncollectible. Impaired collateral-dependent loans and leases, where
repayment is expected to be provided solely by the sale of the underlying
collateral and there are no other available and reliable sources of repayment,
are written down to the lower of cost or collateral value. Cash-basis loans
are returned to an accrual status when all contractual principal and interest
amounts are reasonably assured of repayment, and there is a sustained
period of repayment performance in accordance with the contractual terms.