Citibank 2013 Annual Report Download - page 209

191
Level 3 Roll Forward
The reconciliations of the beginning and ending balances during the period for Level 3 assets are as follows:
In millions of dollars U.S. pension and postretirement benefit plans
Asset categories
Beginning Level 3
fair value at
Dec. 31, 2012
Realized
gains
(losses)
Unrealized
gains
(losses)
Purchases,
sales, and
issuances
Transfers in
and/or out of
Level 3
Ending Level 3
fair value at
Dec. 31, 2013
Hedge funds $1,524 $ 45 $ 69 $ 19 $(477) $ 1,180
Annuity contracts 130 — (9) (33) 3 91
Private equity 2,419 264 (10) (564) (3) 2,106
Other investments 142 — 7 8 — 157
Total investments $4,215 $ 309 $ 57 $(570) $(477) $3,534
Other investment receivables 24 — — 28 — 52
Total assets $4,239 $ 309 $ 57 $ (542) $(477) $ 3,586
In millions of dollars U.S. pension and postretirement benefit plans
Asset categories
Beginning Level 3
fair value at
Dec. 31, 2011
Realized
gains
(losses)
Unrealized
gains
(losses)
Purchases,
sales, and
issuances
Transfers in
and/or out of
Level 3
Ending Level 3
fair value at
Dec. 31, 2012
Equity securities
U.S. equity $ 51 $ — $ — $ — $ (51) $ —
Non-U.S. equity 19 — 8 — (27) —
Debt securities
U.S. corporate bonds 5 — 1 — (6) —
Non-U.S. government debt — (1) — 1 — —
Hedge funds 870 (28) 149 199 334 1,524
Annuity contracts 155 — 6 (31) — 130
Private equity 2,474 267 98 (484) 64 2,419
Other investments 121 — 14 12 (5) 142
Total investments $ 3,695 $ 238 $ 276 $ (303) $ 309 $ 4,215
Other investment receivables 221 — — — (197) 24
Total assets $ 3,916 $238 $ 276 $(303) $ 112 $ 4,239