Citibank 2010 Annual Report Download - page 88

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Details of Credit Loss Experience
In millions of dollars at year end 2010 2009 2008 2007 2006
Allowance for loan losses at beginning of year $36,033 $29,616 $16,117 $ 8,940 $ 9,782
Provision for loan losses
Consumer $25,119 $32,418 $27,942 $15,660 $ 6,129
Corporate 75 6,342 5,732 1,172 191
$25,194 $38,760 $33,674 $16,832 $ 6,320
Gross credit losses
Consumer
In U.S. offices $24,183 $17,637 $11,624 $ 5,765 $ 4,413
In offices outside the U.S. 6,892 8,834 7,172 5,165 3,932
Corporate
Mortgage and real estate
In U.S. offices 953 592 56 1 —
In offices outside the U.S. 286 151 37 3 1
Governments and official institutions outside the U.S. —— 3 — —
Loans to financial institutions
In U.S. offices 275 274 — — —
In offices outside the U.S. 111 448 463 69 6
Commercial and industrial
In U.S. offices 1,222 3,299 627 635 85
In offices outside the U.S. 569 1,549 778 226 203
$34,491 $32,784 $20,760 $11,864 $ 8,640
Credit recoveries
Consumer
In U.S. offices $ 1,323 $ 576 $ 585 $ 695 $ 646
In offices outside the U.S. 1,315 1,089 1,050 966 897
Corporate
Mortgage and real estate
In U.S. offices 130 3 — 3 5
In offices outside the U.S. 26 1 1 — 18
Governments and official institutions outside the U.S. —— — 4 7
Loans to financial institutions
In U.S. offices —— — — —
In offices outside the U.S. 132 11 2 1 4
Commercial and industrial
In U.S. offices 591 276 6 49 20
In offices outside the U.S. 115 87 105 220 182
$ 3,632 $ 2,043 $ 1,749 $ 1,938 $ 1,779
Net credit losses
In U.S. offices $24,589 $20,947 $11,716 $ 5,654 $ 3,827
In offices outside the U.S. 6,270 9,794 7,295 4,272 3,034
Total $30,859 $30,741 $19,011 $ 9,926 $ 6,861
Other—net (1) $10,287 $ (1,602) $ (1,164) $ 271 $ (301)
Allowance for loan losses at end of year (2) $40,655 $36,033 $29,616 $16,117 $ 8,940
Allowance for unfunded lending commitments (3) $ 1,066 $ 1,157 $ 887 $ 1,250 $ 1,100
Total allowance for loans, leases and unfunded lending commitments $41,721 $37,190 $30,503 $17,367 $10,040
Net Consumer credit losses $28,437 $24,806 $17,161 $ 9,269 $ 6,802
As a percentage of average Consumer loans 5.74% 5.44% 3.34% 1.87% 1.52%
Net Corporate credit losses (recoveries) $ 2,422 $ 5,935 $ 1,850 $ 657 $ 59
As a percentage of average Corporate loans 1.28% 3.12% 0.84% 0.30% 0.05%
Allowance for loan losses at end of period (4)
Citicorp $17,075 $10,731 $ 8,202 $ 5,262
Citi Holdings 23,580 25,302 21,414 10,855
Total Citigroup $40,655 $36,033 $29,616 $16,117
Allowance by type
Consumer (5) $35,445 $28,397 $22,204 $12,493
Corporate 5,210 7,636 7,412 3,624
Total Citigroup $40,655 $36,033 $29,616 $16,117