Citibank 2011 Annual Report Download - page 127
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105
ANALYSIS OF CHANGES IN INTEREST EXPENSE AND NET INTEREST REVENUE (1)(2)(3)
2011 vs. 2010 æVSæ
Increase (decrease)
due to change in:
)NCREASEæDECREASEæ
DUEæTOæCHANGEæIN
In millions of dollars
Average
volume
Average
rate
Net
change
!VERAGEææ
VOLUME
!VERAGEæ
RATE
.ETæ
CHANGE
Deposits
)Næ53æOFFICES $ (124) $ 11 $ (113)
)NæOFFICESæOUTSIDEæTHEæ53æ 16 282 298
4OTAL $ (108) $ 293 $ 185
Federal funds purchased and securities loaned
or sold under agreements to repurchase
)Næ53æOFFICES $ (22) $ 1 $ (21) æ
)NæOFFICESæOUTSIDEæTHEæ53æ 259 151 410
4OTAL $ 237 $ 152 $ 389
Trading account liabilities (5)
)Næ53æOFFICES $ 9 $ (26) $ (17) æ
)NæOFFICESæOUTSIDEæTHEæ53æ 14 32 46
4OTAL $ 23 $ 6 $ 29
Short-term borrowings
)Næ53æOFFICES $ (145) $ (390) $ (535)
)NæOFFICESæOUTSIDEæTHEæ53æ 26 242 268
4OTAL $ (119) $ (148) $ (267)
Long-term debt
)Næ53æOFFICES $(1,470) $ 410 $(1,060)
)NæOFFICESæOUTSIDEæTHEæ53æ (168) 25 (143)
4OTAL $(1,638) $ 435 $(1,203)
Total interest expense $(1,605) $ 738 $ (867)
Net interest revenue $(2,166) $(3,567) $(5,733) æ
æ 4HEæTAXABLEæEQUIVALENTæADJUSTMENTæISæBASEDæONæTHEæ53æFEDERALæSTATUTORYæTAXæRATEæOFææANDæISæINCLUDEDæINæTHISæPRESENTATION
æ 2ATEVOLUMEæVARIANCEæISæALLOCATEDæBASEDæONæTHEæPERCENTAGEæRELATIONSHIPæOFæCHANGESæINæVOLUMEæANDæCHANGESæINæRATEæTOæTHEæTOTALæNETæCHANGE
æ $ETAILEDæAVERAGEæVOLUMEæINTERESTæREVENUEæANDæINTERESTæEXPENSEæEXCLUDEæDISCONTINUEDæOPERATIONSæ3EEæ.OTEææTOæTHEæ#ONSOLIDATEDæ&INANCIALæ3TATEMENTS
æ #HANGESæINæAVERAGEæRATESæREFLECTæCHANGESæINæPREVAILINGæLOCALæINTERESTæRATESæINCLUDINGæINFLATIONARYæEFFECTSæANDæMONETARYæCORRECTIONSæINæCERTAINæCOUNTRIES
æ )NTERESTæEXPENSEæONæTrading account liabilitiesæOFæICGæISæREPORTEDæASæAæREDUCTIONæOFæInterest revenueæ)NTERESTæREVENUEæANDæINTERESTæEXPENSEæONæCASHæCOLLATERALæPOSITIONSæAREæREPORTEDæINæINTERESTæONæTrading account assetsæ
ANDæTrading account liabilitiesæRESPECTIVELY