Goldman Sachs 2015 Annual Report Download - page 226

THE GOLDMAN SACHS GROUP, INC. AND SUBSIDIARIES
Supplemental Financial Information
Maturities and Sensitivity to Changes in Interest
Rates
The table below presents the firm’s gross loans receivable
by tenor and a distribution of such loans receivable between
fixed and floating interest rates.
Maturities and Sensitivity to Changes in
Interest Rates as of December 2015
$ in millions
Less
than
1 year
1-5
years
Greater
than 5
years Total
U.S.
Corporate loans $ 1,382 $14,042 $4,485 $19,909
Loans to private wealth management
clients 9,742 3,042 40 12,824
Loans backed by commercial real estate 284 2,658 244 3,186
Loans backed by residential real estate 440 960 787 2,187
Other loans 74 2,478 943 3,495
Total U.S. 11,922 23,180 6,499 41,601
Non-U.S.
Corporate loans 411 303 117 831
Loans to private wealth management
clients 1,137 — — 1,137
Loans backed by commercial real estate 15 1,670 400 2,085
Loans backed by residential real estate — 69 60 129
Other loans —31 738
Total non-U.S. 1,563 2,073 584 4,220
Total loans receivable, gross 13,485 25,253 7,083 45,821
Loans at fixed interest rates 16 917 1,279 2,212
Loans at variable interest rates 13,469 24,336 5,804 43,609
Total loans receivable, gross $13,485 $25,253 $7,083 $45,821
Cross-border Outstandings
Cross-border outstandings are based on the Federal
Financial Institutions Examination Council’s (FFIEC)
guidelines for reporting cross-border information and
represent the amounts that the firm may not be able to
obtain from a foreign country due to country-specific
events, including unfavorable economic and political
conditions, economic and social instability, and changes in
government policies.
Credit exposure represents the potential for loss due to the
default or deterioration in credit quality of a counterparty
or an issuer of securities or other instruments the firm holds
and is measured based on the potential loss in an event of
non-payment by a counterparty. Credit exposure is reduced
through the effect of risk mitigants, such as netting
agreements with counterparties that permit the firm to
offset receivables and payables with such counterparties or
obtaining collateral from counterparties. The table below
does not include all the effects of such risk mitigants and
does not represent the firm’s credit exposure.
The table below presents cross-border outstandings and
commitments for each country in which cross-border
outstandings exceed 0.75% of consolidated assets in
accordance with the FFIEC guidelines and include cash,
receivables, securities purchased under agreements to resell,
securities borrowed and cash financial instruments, but
exclude derivative instruments. Securities purchased under
agreements to resell and securities borrowed are presented
gross, without reduction for related securities collateral
held. Margin loans (included in receivables) are presented
based on the amount of collateral advanced by the
counterparty. Substantially all commitments in the tables
below consist of commitments to extend credit and forward
starting resale and securities borrowing agreements.
$ in millions Banks Governments Other Total Commitments
As of December 2015
Cayman Islands $ 1 $ — $39,603 $39,604 $ 3,046
France 5,596 2,904 23,854 32,354 4,795
Japan 10,254 297 10,882 21,433 9,684
Germany 4,072 7,652 8,481 20,205 5,008
United Kingdom 2,170 42 11,361 13,573 15,075
Italy 4,326 3,691 2,647 10,664 2,634
Canada 1,173 253 8,290 9,716 1,404
China 2,189 254 6,069 8,512 111
As of December 2014
Cayman Islands $ 2 $ — $35,829 $35,831 $ 2,658
France 4,730 4,932 18,261 27,923 12,214
Japan 13,862 373 10,763 24,998 11,413
Germany 5,362 4,479 10,629 20,470 4,631
United Kingdom 1,870 282 8,821 10,973 11,755
Italy 3,331 4,173 2,215 9,719 783
China 2,474 1,952 4,984 9,410 6
As of December 2013
Cayman Islands $ 12 $ 1 $35,969 $35,982 $ 1,671
Japan 23,026 123 11,981 35,130 5,086
France 12,427 2,871 16,567 31,865 12,060
Germany 5,148 4,336 7,793 17,277 4,716
Spain 7,002 2,281 2,491 11,774 1,069
United Kingdom 2,688 217 7,321 10,226 19,014
Netherlands 1,785 540 5,786 8,111 1,962
214 Goldman Sachs 2015 Form 10-K