Citibank 2015 Annual Report Download - page 277

259
In millions of dollars
Dec. 31,
2014
Net realized/unrealized
gains (losses) incl. in Transfers
Purchases Issuances Sales Settlements
Dec. 31,
2015
Unrealized
gains
(losses)
still held (3)
Principal
transactions Other (1)(2)
into
Level 3
out of
Level 3
Investments
Mortgage-backed securities
U.S. government-sponsored
agency guaranteed $ 38 $ — $ 29 $ 171 $ (118) $ 62 $ — $ (43) $ — $ 139 $ (2)
Residential 8 — (1) 4 — 11 — (18) — 4 —
Commercial 1 — — 4 (3) — — — — 2 —
Total investment mortgage-
backed securities $ 47 $ — $ 28 $ 179 $ (121) $ 73 $ — $ (61) $ — $ 145 $ (2)
U.S. Treasury and federal
agency securities $ 6 $ — $ — $ — $ — $ 6 $ — $ (8) $ — $ 4 $ —
State and municipal 2,180 — (23) 834 (721) 842 — (671) (249) 2,192 9
Foreign government 678 — 45 (5) (270) 601 — (519) (270) 260 (1)
Corporate 672 — (7) 15 (52) 144 — (134) (35) 603 (4)
Equity securities 681 — (22) 12 (14) 7 — (540) — 124 (120)
Asset-backed securities 549 — (17) 45 (58) 202 — (125) — 596 14
Other debt securities —— — — — 10 — (10) — — —
Non-marketable equity securities 1,460 — (50) 76 6 5 — (58) (304) 1,135 26
Total investments $ 6,273 $ — $ (46) $ 1,156 $(1,230) $ 1,890 $ — $ (2,126) $ (858) $ 5,059 $ (78)
Loans $ 3,108 $ — $(303) $ 689 $ (805) $ 1,190 $ 461 $ (807) $(1,367) $ 2,166 $ 24
Mortgage servicing rights 1,845 — 110 — — — 214 (38) (350) 1,781 (390)
Other financial assets
measured on a recurring basis 78 — 100 201 (66) 6 208 (85) (262) 180 582
Liabilities
Interest-bearing deposits $ 486 $ — $ 10 $ 1 $ (1) $ — $ 36 $ — $ (78) $ 434 $ (154)
Federal funds purchased and
securities loaned or sold under
agreements to repurchase 1,043 (23) — — — — — 302 (121) 1,247 134
Trading account liabilities
Securities sold, not yet purchased 424 88 — 311 (231) — — 385 (602) 199 (25)
Short-term borrowings 344 11 — 23 (30) — 1 — (318) 9 (4)
Long-term debt 7,290 539 — 2,311 (3,958) — 3,407 — (1,560) 6,951 (347)
Other financial liabilities measured
on a recurring basis 7— (11) 10 (4) (5) 5 2 (12) 14 (4)
(1) Changes in fair value for available-for-sale investments are recorded in Accumulated other comprehensive income (loss), unless related to other-than-temporary impairment, while gains and losses from sales are
recorded in Realized gains (losses) from sales of investments on the Consolidated Statement of Income.
(2) Unrealized gains (losses) on MSRs are recorded in Other revenue on the Consolidated Statement of Income.
(3) Represents the amount of total gains or losses for the period, included in earnings (and Accumulated other comprehensive income (loss) for changes in fair value of available-for-sale investments), attributable to the
change in fair value relating to assets and liabilities classified as Level 3 that are still held at December 31, 2015.
(4) Total Level 3 derivative assets and liabilities have been netted in these tables for presentation purposes only.