Citibank 2015 Annual Report Download - page 121

103
Analysis of Changes in Interest Revenue (1)(2)(3)
2015 vs. 2014 2014 vs. 2013
Increase (decrease)
due to change in:
Increase (decrease)
due to change in:
In millions of dollars
Average
volume
Average
rate
Net
change
Average
volume
Average
rate
Net
change
Deposits with banks (4) $ (154) $ (78) $ (232) $ 109 $ (176) $ (67)
Federal funds sold and securities borrowed or
purchased under agreements to resell
In U.S. offices $ (23) $ 200 $ 177 $ (32) $ (67) $ (99)
In offices outside the U.S. (4) (246) 219 (27) (106) 5 (101)
Total $ (269) $ 419 $ 150 $(138) $ (62) $ (200)
Trading account assets (5)
In U.S. offices $ (8) $ 481 $ 473 $(337) $ 81 $ (256)
In offices outside the U.S. (4) (342) (55) (397) (159) 14 (145)
Total $ (350) $ 426 $ 76 $(496) $ 95 $ (401)
Investments (1)
In U.S. offices $ 464 $ (121) $ 343 $ 319 $ 69 $ 388
In offices outside the U.S. (4) (332) (224) (556) (31) (103) (134)
Total $ 132 $ (345) $ (213) $ 288 $ (34) $ 254
Loans (net of unearned income) (6)
In U.S. offices $ (521) $ (997) $(1,518) $ 512 $ (377) $ 135
In offices outside the U.S. (4) (1,432) (1,303) (2,735) 253 (1,190) (937)
Total $(1,953) $(2,300) $(4,253) $ 765 $(1,567) $ (802)
Other interest-earning assets (7) $ 239 $ 1,093 $ 1,332 $ 32 $ (127) $ (95)
Total interest revenue $(2,355) $ (785) $(3,140) $ 560 $(1,871) $(1,311)
(1) The taxable equivalent adjustment is related to the tax-exempt bond portfolio based on the U.S. federal statutory tax rate of 35% and is included in this presentation.
(2) Rate/volume variance is allocated based on the percentage relationship of changes in volume and changes in rate to the total net change.
(3) Detailed average volume, Interest revenue and Interest expense exclude Discontinued operations. See Note 2 to the Consolidated Financial Statements.
(4) Changes in average rates reflect changes in prevailing local interest rates, including inflationary effects and monetary corrections in certain countries.
(5) 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.
(6) Includes cash-basis loans.
(7) Includes brokerage receivables.