Citibank 2011 Annual Report Download - page 208

186
The following table presents the amortized cost and fair value of AFS debt securities by contractual maturity dates as of December 31, 2011 and
December 31, 2010:
December 31, 2011 $ECEMBERææ
In millions of dollars
Amortized
cost Fair value
!MORTIZEDæ
COST &AIRæVALUE
Mortgage-backed securities (1)
$UEæWITHINææYEAR $— $—  
!FTERææBUTæWITHINææYEARS 422 423  
!FTERææBUTæWITHINææYEARS 2,757 2,834  
!FTERææYEARSæ 46,470 47,768  
Total $ 49,649 $ 51,025    
U.S. Treasury and federal agency securities
$UEæWITHINææYEAR $ 14,615 $ 14,637    
!FTERææBUTæWITHINææYEARS 62,241 63,823  
!FTERææBUTæWITHINææYEARS 5,862 6,239  
!FTERææYEARSæ 382 439  
Total $ 83,100 $ 85,138  
State and municipal
$UEæWITHINææYEAR $ 142 $ 142  
!FTERææBUTæWITHINææYEARS 455 457  
!FTERææBUTæWITHINææYEARS 182 188  
!FTERææYEARSæ 16,040 13,612  
Total $ 16,819 $ 14,399    
Foreign government
$UEæWITHINææYEAR $ 34,924 $ 34,864    
!FTERææBUTæWITHINææYEARS 41,612 41,675  
!FTERææBUTæWITHINææYEARS 6,993 6,998  
!FTERææYEARSæ 831 977  
Total $ 84,360 $ 84,514    
All other (3)
$UEæWITHINææYEAR $ 4,055 $ 4,072    
!FTERææBUTæWITHINææYEARS 9,843 9,928  
!FTERææBUTæWITHINææYEARS 3,009 3,160  
!FTERææYEARSæ 4,821 4,783  
Total $ 21,728 $ 21,943    
Total debt securities AFS $255,656 $257,019  
æ )NCLUDESæMORTGAGEBACKEDæSECURITIESæOFæ53æGOVERNMENTSPONSOREDæAGENCIES
æ )NVESTMENTSæWITHæNOæSTATEDæMATURITIESæAREæINCLUDEDæASæCONTRACTUALæMATURITIESæOFæGREATERæTHANææYEARSæ!CTUALæMATURITIESæMAYæDIFFERæDUEæTOæCALLæORæPREPAYMENTæRIGHTS
æ )NCLUDESæCORPORATEæASSETBACKEDæANDæOTHERæDEBTæSECURITIES
The following table presents interest and dividends on investments:
In millions of dollars 2011  
4AXABLEæINTEREST $ 7,441    
)NTERESTæEXEMPTæFROMæ53æFEDERALæINCOMEæTAX 562  
$IVIDENDS 317  
Total interest and dividends $ 8,320    
The following table presents realized gains and losses on all investments.
The gross realized investment losses exclude losses from other-than-
temporary impairment:
In millions of dollars 2011  
'ROSSæREALIZEDæINVESTMENTæGAINS $ 2,498    
'ROSSæREALIZEDæINVESTMENTæLOSSES (501)  
Net realized gains (losses) $ 1,997    
During 2010 and 2011, the Company sold several corporate debt
securities and various mortgage-backed and asset-backed securities that were
classified as held-to-maturity. These sales were in response to a significant
deterioration in the creditworthiness of the issuers or securities. The corporate
debt securities sold during 2010 had a carrying value of $413 million and
the Company recorded a realized loss of $49 million. The mortgage-backed
and asset-backed securities sold during 2011 had a carrying value of
$1,612 million and the Company recorded a realized loss of $299 million.