Citibank 2012 Annual Report Download - page 130

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AVERAGE BALANCES AND INTEREST RATES—ASSETS (1)(2)(3)(4)
Taxable Equivalent Basis
Average volume Interest revenue % Average rate
In millions of dollars, except rates 2012 2011 2010 2012 2011 2010 2012 2011 2010
Assets
Deposits with banks (5) $ 157,997 $ 169,688 $ 166,120 $ 1,269 $ 1,750 $ 1,252 0.80% 1.03% 0.75%
Federal funds sold and securities borrowed or
purchased under agreements to resell (6)
In U.S. offices $ 156,837 $ 158,154 $ 162,799 $ 1,471 $ 1,487 $ 1,774 0.94% 0.94% 1.09%
In offices outside the U.S. (5) 120,400 116,681 86,926 1,947 2,144 1,382 1.62 1.84 1.59
Total $ 277,237 $ 274,835 $ 249,725 $ 3,418 $ 3,631 $ 3,156 1.23% 1.32% 1.26%
Trading account assets (7)(8)
In U.S. offices $ 124,633 $ 122,234 $ 128,443 $ 3,899 $ 4,270 $ 4,352 3.13% 3.49% 3.39%
In offices outside the U.S. (5) 126,203 147,417 151,717 3,077 4,033 3,819 2.44 2.74 2.52
Total $ 250,836 $ 269,651 $ 280,160 $ 6,976 $ 8,303 $ 8,171 2.78% 3.08% 2.92%
Investments
In U.S. offices
Taxable $ 169,307 $ 170,196 $ 169,218 $ 2,880 $ 3,313 $ 4,806 1.70% 1.95% 2.84%
Exempt from U.S. income tax 16,405 13,592 14,876 816 922 918 4.97 6.78 6.17
In offices outside the U.S. (5) 114,549 122,298 136,713 4,156 4,478 5,678 3.63 3.66 4.15
Total $ 300,261 $ 306,086 $ 320,807 $ 7,852 $ 8,713 $ 11,402 2.62% 2.85% 3.55%
Loans (net of unearned income) (9)
In U.S. offices $ 359,794 $ 369,656 $ 430,685 $27,077 $29,111 $ 34,773 7.53% 7.88% 8.07%
In offices outside the U.S. (5) 289,371 274,035 255,168 21,508 21,180 20,312 7.43 7.73 7.96
Total $ 649,165 $ 643,691 $ 685,853 $48,585 $50,291 $ 55,085 7.48% 7.81% 8.03%
Other interest-earning assets $ 40,766 $ 49,467 $ 50,936 $ 580 $ 513 $ 735 1.42% 1.04% 1.44%
Total interest-earning assets $1,676,262 $1,713,418 $1,753,601 $68,680 $73,201 $ 79,801 4.10% 4.27% 4.55%
Non-interest-earning assets (7) $ 234,437 $ 238,550 $ 225,271
Total assets from discontinued operations —668 18,989
Total assets $1,910,699 $1,952,636 $1,997,861
(1) Interest revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $542 million, $520 million, and $519 million for 2012, 2011 and 2010, respectively.
(2) Interest rates and amounts include the effects of risk management activities associated with the respective asset and liability categories.
(3) Monthly or quarterly averages have been used by certain subsidiaries where daily averages are unavailable.
(4) Detailed average volume, Interest revenue and Interest expense exclude Discontinued operations. See Note 3 to the Consolidated Financial Statements.
(5) Average rates reflect prevailing local interest rates, including inflationary effects and monetary corrections in certain countries.
(6) Average volumes of securities borrowed or purchased under agreements to resell are reported net pursuant to FIN 41 (ASC 210-20-45). However, Interest revenue excludes the impact of FIN 41 (ASC 210-20-45).
(7) The fair value carrying amounts of derivative contracts are reported in Non-interest-earning assets and Other non-interest-bearing liabilities.
(8) Interest expense on Trading account liabilities of ICG is reported as a reduction of Interest revenue. Interest revenue and Interest expense on cash collateral positions are reported in interest on Trading account assets
and Trading account liabilities, respectively.
(9) Includes cash-basis loans.