Citibank 2012 Annual Report Download - page 101

79
Non-Accrual Loans
In millions of dollars 2012 2011 2010 2009 2008
Citicorp $ 4,096 $ 4,018 $ 4,909 $ 5,353 $ 3,282
Citi Holdings 7,433 7,050 14,498 26,387 19,015
Total non-accrual loans (NAL) $11,529 $11,068 $19,407 $31,740 $22,297
Corporate non-accrual loans (1)
North America $ 735 $ 1,246 $ 2,112 $ 5,621 $ 2,660
EMEA 1,131 1,293 5,337 6,308 6,330
Latin America 128 362 701 569 229
Asia 339 335 470 981 513
Total Corporate non-accrual loans $ 2,333 $ 3,236 $ 8,620 $13,479 $ 9,732
Citicorp $ 1,909 $ 2,217 $ 3,091 $ 3,238 $ 1,453
Citi Holdings 424 1,019 5,529 10,241 8,279
Total Corporate non-accrual loans $ 2,333 $ 3,236 $ 8,620 $13,479 $ 9,732
Consumer non-accrual loans (1)
North America (2)(3) $ 7,148 $ 5,888 $ 8,540 $15,111 $ 9,617
EMEA 380 387 652 1,159 948
Latin America 1,285 1,107 1,019 1,340 1,290
Asia 383 450 576 651 710
Total Consumer non-accrual loans (2) $ 9,196 $ 7,832 $10,787 $18,261 $12,565
Citicorp $ 2,187 $ 1,801 $ 1,818 $ 2,115 $ 1,829
Citi Holdings (2) 7,009 6,031 8,969 16,146 10,736
Total Consumer non-accrual loans (2) $ 9,196 $ 7,832 $10,787 $18,261 $12,565
(1) Excludes purchased distressed loans, as they are generally accreting interest. The carrying value of these loans was $538 million at December 31, 2012, $511 million at December 31, 2011, $469 million at
December 31, 2010, $920 million at December 31, 2009, and $1.510 billion at December 31, 2008.
(2) During 2012, there was an increase in Consumer non-accrual loans in North America of approximately $1.5 billion as a result of OCC guidance issued in the third quarter of 2012 regarding mortgage loans where the
borrower has gone through Chapter 7 bankruptcy. Of the $1.5 billion in non-accrual loans, $1.3 billion were current. Additionally, during 2012, there was an increase in non-accrual Consumer loans in North America
during the first quarter of 2012 which was attributable to a $0.8 billion reclassification from accrual to non-accrual status of home equity loans where the related residential first mortgage was 90 days or more past
due. The vast majority of these loans were current at the time of reclassification. The reclassification reflected regulatory guidance issued on January 31, 2012. The reclassification had no impact on Citi’s delinquency
statistics or its loan loss reserves.