Citibank 2014 Annual Report Download - page 65

48
Citigroup Capital Rollforward Under Basel III (Advanced Approaches with Full Implementation)
In millions of dollars
Three Months Ended
December 31, 2014
Twelve Months Ended
December 31, 2014
Common Equity Tier 1 Capital
Balance, beginning of period $138,762 $125,597
Net income 350 7,313
Dividends declared (190) (633)
Net increase in treasury stock (380) (1,232)
Net increase in additional paid-in capital (1) 229 778
Net increase in foreign currency translation adjustment net of hedges, net of tax (2,716) (4,946)
Net decrease in unrealized losses on securities AFS, net of tax 470 1,697
Net increase in defined benefit plans liability adjustment, net of tax (1,064) (1,170)
Net increase in cumulative unrealized net gain related to changes in fair value of financial liabilities attributable
to own creditworthiness, net of tax (86) (102)
Net decrease in goodwill, net of related deferred tax liabilities (DTLs) 873 1,713
Net change in other intangible assets other than mortgage servicing rights (MSRs), net of related DTLs (66) 577
Net decrease in defined benefit pension plan net assets 243 189
Net decrease in deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business
credit carry-forwards 1,027 2,811
Net change in excess over 10%/15% limitations for other DTAs, certain common stock investments and MSRs (639) 3,878
Other (7) 336
Net change in Common Equity Tier 1 Capital $ (1,956) $ 11,209
Common Equity Tier 1 Capital Balance, end of period $136,806 $136,806
Additional Tier 1 Capital
Balance, beginning of period $ 10,010 $ 7,815
Net increase in qualifying perpetual preferred stock (2) 1,493 3,699
Net decrease in qualifying trust preferred securities (1) (5)
Other (33) (40)
Net increase in Additional Tier 1 Capital $ 1,459 $ 3,654
Tier 1 Capital Balance, end of period $148,275 $148,275
Tier 2 Capital
Balance, beginning of period $ 17,482 $ 16,637
Net increase in qualifying subordinated debt 401 1,680
Net decrease in excess of eligible credit reserves over expected credit losses (456) (492)
Other (39) (437)
Net change in Tier 2 Capital $ (94) $ 751
Tier 2 Capital Balance, end of period $ 17,388 $ 17,388
Total Capital (Tier 1 Capital + Tier 2 Capital) $165,663 $165,663
(1) Primarily represents an increase in additional paid-in capital related to employee benefit plans.
(2) Citi issued approximately $3.7 billion and approximately $1.5 billion of qualifying perpetual preferred stock during the twelve months and three months ended December 31, 2014, respectively, which were partially
offset by the netting of issuance costs of $31 million and $7 million for those periods.