Citibank 2013 Annual Report Download - page 191
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173
4. INTEREST REVENUE AND EXPENSE
For the years ended December 31, 2013, 2012 and 2011, respectively, Interest revenue and Interest expense consisted of the following:
In millions of dollars 2013 2012 2011
Interest revenue
Loan interest, including fees $45,580 $47,712 $49,466
Deposits with banks 1,026 1,261 1,742
Federal funds sold and securities borrowed or purchased under agreements to resell 2,566 3,418 3,631
Investments, including dividends 6,919 7,525 8,320
Trading account assets (1) 6,277 6,802 8,186
Other interest 602 580 513
Total interest revenue $62,970 $67,298 $71,858
Interest expense
Deposits (2) $ 6,236 $ 7,690 $ 8,531
Federal funds purchased and securities loaned or sold under agreements to repurchase 2,339 2,817 3,197
Trading account liabilities (1) 169 190 408
Short-term borrowings 597 727 650
Long-term debt 6,836 9,188 11,423
Total interest expense $16,177 $20,612 $24,209
Net interest revenue $46,793 $46,686 $47,649
Provision for loan losses 7,604 10,458 11,336
Net interest revenue after provision for
loan losses $39,189 $36,228 $36,313
(1) Interest expense on Trading account liabilities of ICG is reported as a reduction of interest revenue from Trading account assets.
(2) Includes deposit insurance fees and charges of $1,132 million, $1,262 million and $1,332 million for 2013, 2012 and 2011, respectively.