Citibank 2011 Annual Report Download - page 274

252
In millions of dollars
December 31,
2009
Net realized/unrealized
gains (losses) included in
(1)(2)
Transfers
in and/or
out of
Level 3
Purchases,
issuances
and
settlements
December 31,
2010
Unrealized
gains
(losses)
still held (3)
Principal
transactions Other
Investments
Mortgage-backed securities
53æGOVERNMENTSPONSOREDæAGENCYæGUARANTEED              
0RIME       
!LT!       
3UBPRIME       
#OMMERCIAL       
Total investment mortgage-backed
debt securities              
U.S. Treasury and federal agency securities              
State and municipal       
Foreign government       
Corporate       
Equity securities       
Asset-backed securities       
Other debt securities       
Non-marketable equity securities       
Total investments            
Loans              
Mortgage servicing rights       
Other financial assets measured on a
recurring basis       
Liabilities
Interest-bearing deposits              
Federal funds purchased and securities
loaned or sold under agreements to
repurchase       
Trading account liabilities
3ECURITIESæSOLDæNOTæYETæPURCHASED       
Short-term borrowings       
Long-term debt       
Other financial liabilities measured on a
recurring basis       
æ #HANGESæINæFAIRæVALUEæFORæAVAILABLEFORSALEæINVESTMENTSæDEBTæSECURITIESæAREæRECORDEDæINæAccumulated other comprehensive income (loss)æWHILEæGAINSæANDæLOSSESæFROMæSALESæAREæRECORDEDæINæRealized gains (losses) from
sales of investmentsæONæTHEæ#ONSOLIDATEDæ3TATEMENTæOFæ)NCOMEæ
æ 5NREALIZEDæGAINSæLOSSESæONæ-32SæAREæRECORDEDæINæOther revenueæONæTHEæ#ONSOLIDATEDæ3TATEMENTæOFæ)NCOMEæ
æ 2EPRESENTSæTHEæAMOUNTæOFæTOTALæGAINSæORæLOSSESæFORæTHEæPERIODæINCLUDEDæINæEARNINGSæANDæAccumulated other comprehensive income (loss) FORæCHANGESæINæFAIRæVALUEæFORæAVAILABLEFORSALEæINVESTMENTSæATTRIBUTABLEæTOæTHEæ
CHANGEæINæFAIRæVALUEæRELATINGæTOæASSETSæANDæLIABILITIESæCLASSIFIEDæASæ,EVELææTHATæAREæSTILLæHELDæATæ$ECEMBERæææANDææ
æ 4OTALæ,EVELææDERIVATIVEæASSETSæANDæLIABILITIESæHAVEæBEENæNETTEDæINæTHESEæTABLESæFORæPRESENTATIONæPURPOSESæONLY
æ 2EFLECTSæTHEæRECLASSIFICATIONæOFææMILLIONæOFæSTRUCTUREDæREVERSEæREPOSæFROMæFederal funds purchased and securities loaned or sold under agreements to repurchase to Federal funds sold and securities borrowed or
purchased under agreements to resellæ4HESEæSTRUCTUREDæREVERSEæREPOSæASSETSæWEREæINCORRECTLYæCLASSIFIEDæINææBUTæWEREæCORRECTLYæCLASSIFIEDæONæ#ITISæ#ONSOLIDATEDæ"ALANCEæ3HEETæFORæALLæPERIODS
The significant changes from December 31, 2010 to December 31, 2011 in
Level 3 assets and liabilities were due to:
฀ A net decrease in trading securities of $3.9 billion that included:
The reclassification of $4.3 billion of securities from – Investments
held-to-maturity to Trading account assets. These reclassifications
have been included in purchases in the Level 3 roll-forward table
above. The Level 3 assets reclassified, and subsequently sold,
included $2.8 billion of trading mortgage-backed securities (of
which $1.5 billion were Alt-A, $1.0 billion were prime, $0.2 billion
were subprime and $0.1 billion were commercial), $0.9 billion of
state and municipal debt securities, $0.3 billion of corporate debt
securities and $0.2 billion of asset-backed securities.
Purchases of corporate debt trading securities of $3.0 billion and –
sales of $3.6 billion, reflecting strong trading activity.