Citibank 2014 Annual Report Download - page 123

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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 2014 2013 2012 2014 2013 2012 2014 2013 2012
Assets
Deposits with banks (5) $ 161,359 $ 144,904 $ 157,911 $ 959 $ 1,026 $ 1,261 0.59% 0.71% 0.80%
Federal funds sold and securities borrowed or
purchased under agreements to resell (6)
In U.S. offices $ 153,688 $ 158,237 $ 156,837 $ 1,034 $ 1,133 $ 1,471 0.67% 0.72% 0.94%
In offices outside the U.S. (5) 101,177 109,233 120,400 1,332 1,433 1,947 1.32 1.31 1.62
Total $ 254,865 $ 267,470 $ 277,237 $ 2,366 $ 2,566 $ 3,418 0.93% 0.96% 1.23%
Trading account assets (7)(8)
In U.S. offices $ 114,910 $ 126,123 $ 124,633 $ 3,472 $ 3,728 $ 3,899 3.02% 2.96% 3.13%
In offices outside the U.S. (5) 119,801 127,291 126,203 2,538 2,683 3,077 2.12 2.11 2.44
Total $ 234,711 $ 253,414 $ 250,836 $ 6,010 $ 6,411 $ 6,976 2.56% 2.53% 2.78%
Investments
In U.S. offices
Taxable $ 193,816 $ 174,084 $ 169,307 $ 3,286 $ 2,713 $ 2,880 1.70% 1.56% 1.70%
Exempt from U.S. income tax 15,480 18,075 16,405 626 811 816 4.04 4.49 4.97
In offices outside the U.S. (5) 113,163 114,122 114,549 3,627 3,761 4,156 3.21 3.30 3.63
Total $ 322,459 $ 306,281 $ 300,261 $ 7,539 $ 7,285 $ 7,852 2.34% 2.38% 2.62%
Loans (net of unearned income) (9)
In U.S. offices $ 361,769 $ 354,707 $ 359,794 $26,076 $25,941 $27,077 7.21% 7.31% 7.53%
In offices outside the U.S. (5) 296,656 292,852 286,025 18,723 19,660 20,676 6.31 6.71 7.23
Total $ 658,425 $ 647,559 $ 645,819 $44,799 $45,601 $47,753 6.80% 7.04% 7.39%
Other interest-earning assets (10) $ 40,375 $ 38,233 $ 40,766 $ 507 $ 602 $ 580 1.26% 1.57% 1.42%
Total interest-earning assets $1,672,194 $1,657,861 $1,672,830 $62,180 $63,491 $67,840 3.72% 3.83% 4.06%
Non-interest-earning assets (7) $ 224,721 $ 222,526 $ 234,437
Total assets from discontinued operations —2,909 3,432
Total assets $1,896,915 $1,883,296 $1,910,699
(1) Net interest revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $498 million, $521 million and $542 million for 2014, 2013, and 2012, 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 2 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 net, pursuant to FIN 39 (ASC 815-10-45), 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.
(10) Includes brokerage receivables.