Citibank 2014 Annual Report Download - page 57

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Components of Citigroup Capital Under Current Regulatory Standards
(Basel III Advanced Approaches with Transition Arrangements)
In millions of dollars
December 31,
2014
December 31,
2013 (1)
Common Equity Tier 1 Capital
Citigroup common stockholders’ equity (2) $200,190 $197,694
Add: Qualifying noncontrolling interests 539 597
Regulatory Capital Adjustments and Deductions:
Less: Net unrealized gains (losses) on securities AFS, net of tax (3)(4) 46 (1,312)
Less: Defined benefit plans liability adjustment, net of tax (4) (4,127) (3,191)
Less: Accumulated net unrealized losses on cash flow hedges, net of tax (5) (909) (1,245)
Less: Cumulative unrealized net gain related to changes in fair value of financial liabilities
attributable to own creditworthiness, net of tax (4)(6) 56 35
Less: Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs) (7) 22,805 24,518
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs (4) 875 990
Less: Defined benefit pension plan net assets (4) 187 225
Less: Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general
business credit carry-forwards (4)(8) 4,726 5,288
Less: Excess over 10%/15% limitations for other DTAs, certain common stock investments,
and MSRs (4)(8)(9) 2,003 2,343
Less: Deductions applied to Common Equity Tier 1 Capital due to insufficient amount of Additional
Tier 1 Capital to cover deductions (4) 8,083 13,167
Total Common Equity Tier 1 Capital $166,984 $157,473
Additional Tier 1 Capital
Qualifying perpetual preferred stock (2) $ 10,344 $ 6,645
Qualifying trust preferred securities (10) 1,719 2,616
Qualifying noncontrolling interests 78
Regulatory Capital Adjustment and Deductions:
Less: Cumulative unrealized net gain related to changes in fair value of financial liabilities
attributable to own creditworthiness, net of tax (4)(6) 223 142
Less: Minimum regulatory capital requirements of insurance underwriting subsidiaries (11) 279 243
Less: Defined benefit pension plan net assets (4) 749 900
Less: DTAs arising from net operating loss, foreign tax credit and general
business credit carry-forwards (4)(8) 18,902 21,151
Less: Deductions applied to Common Equity Tier 1 Capital due to insufficient amount of Additional
Tier 1 Capital to cover deductions (4) (8,083) (13,167)
Total Additional Tier 1 Capital $ — $ —
Total Tier 1 Capital (Common Equity Tier 1 Capital + Additional Tier 1 Capital) $166,984 $157,473
Tier 2 Capital
Qualifying subordinated debt (12) $ 17,386 $ 16,594
Qualifying trust preferred securities (10) —1,242
Qualifying noncontrolling interests 12 13
Excess of eligible credit reserves over expected credit losses (13) 1,177 1,669
Regulatory Capital Deduction:
Less: Minimum regulatory capital requirements of insurance underwriting subsidiaries (11) 279 243
Total Tier 2 Capital $ 18,296 $ 19,275
Total Capital (Tier 1 Capital + Tier 2 Capital) $185,280 $176,748
Table and notes continue on the next page.