Ameriprise 2005 Annual Report Download - page 77

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75
Ameriprise Financial, Inc. |
Concentrations of credit risk of mortgage loans on real estate by region at December 31 were:
2005 2004
On-Balance Funding On-Balance Funding
Sheet Commitments Sheet Commitments
(in millions)
Mortgage loans by U.S. region:
North Central $ 919 $ 6 $1,025 $16
Atlantic 920 22 939 27
Mountain 390 16 407 22
Pacific 422 27 385 14
South Central 351 24 318 9
New England 188 21 224 7
3,190 116 3,298 95
Less: allowance for loan losses (44) – (49) –
Total $3,146 $116 $3,249 $95
Concentrations of credit risk of mortgage loans on real estate by property type at December 31 were:
2005 2004
On-Balance Funding On-Balance Funding
Sheet Commitments Sheet Commitments
(in millions)
Mortgage loans by U.S. property type:
Office buildings $1,170 $ 31 $1,214 $ 8
Shopping centers and retail 754 36 803 40
Apartments 504 10 544 25
Industrial buildings 492 19 418 16
Hotels and motels 99 6 116 –
Medical buildings 65 3 66 –
Retirement homes 5–10 –
Other 101 11 127 6
3,190 116 3,298 95
Less: allowance for loan losses (44) – (49) –
Total $3,146 $116 $3,249 $95
Commitments to fund mortgages are made in the ordinary course of business. The estimated fair value of the mortgage commit-
ments as of December 31, 2005 and 2004, was not material.