Citibank 2015 Annual Report Download - page 287
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269
Fair value (1) Weighted
average
As of December 31, 2014 (In millions of dollars) Methodology Input Low High (2)
Loans held-for-sale $2,740 Price-based Price $ 92.00 $ 100.00 $ 99.54
Credit spread 5 bps 358 bps 175 bps
Other real estate owned $ 76 Price-based Appraised value $11,000 $11,124,137 $4,730,129
Discount to price (4) 13.00% 64.00% 28.80%
Loans (3) $ 437 Price-based Discount to price (4) 13.00% 34.00% 28.92%
(1) The fair value amounts presented in this table represent the primary valuation technique or techniques for each class of assets or liabilities.
(2) Weighted averages are based on the fair values of the instruments.
(3) Represents loans held for investment whose carrying amounts are based on the fair value of the underlying collateral.
(4) Includes estimated costs to sell.
Nonrecurring Fair Value Changes
The following table presents total nonrecurring fair value measurements
for the period, included in earnings, attributable to the change in fair value
relating to assets that were still held:
In millions of dollars
Year ended
December 31, 2015
Loans held-for-sale $ (79)
Other real estate owned (17)
Loans (1) (142)
Total nonrecurring fair value gains (losses) $(238)
(1) Represents loans held for investment whose carrying amount is based on the fair value of the
underlying collateral, primarily real estate loans.
In millions of dollars
Year ended
December 31, 2014
Loans held-for-sale $ 34
Other real estate owned (16)
Loans (1) (533)
Total nonrecurring fair value gains (losses) $(515)
(1) Represents loans held for investment whose carrying amount is based on the fair value of the
underlying collateral, primarily real estate loans.