Ameriprise 2006 Annual Report Download - page 81

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The balances of and changes in the allowance for loan losses were as follows:
Years Ended December 31,
2006 2005 2004
(in millions)
Balance at January 1 $44 $49 $ 54
Provision for loan losses ——9
Foreclosures, write-offs and loan sales (4) (5) (14)
Balance at December 31 $40 $44 $ 49
Concentrations of credit risk of commercial mortgage loans on real estate by region were as follows:
December 31,
2006 2005
On-Balance Funding On-Balance Funding
Sheet Commitments Sheet Commitments
(in millions)
Commercial mortgage loans by U.S. region:
North Central $ 813 $ 22 $ 919 $ 6
Atlantic 921 40 920 22
Mountain 332 13 390 16
Pacific 446 15 422 27
South Central 374 2 351 24
New England 210 2 188 21
3,096 94 3,190 116
Less: allowance for loan losses (40) — (44) —
Total $ 3,056 $ 94 $ 3,146 $ 116
Concentrations of credit risk of commercial mortgage loans on real estate by property type were as follows:
December 31,
2006 2005
On-Balance Funding On-Balance Funding
Sheet Commitments Sheet Commitments
(in millions)
Commercial mortgage loans by U.S. property type:
Office buildings $ 1,064 $ 4 $ 1,170 $ 31
Shopping centers and retail 763 71 754 36
Apartments 519 2 504 10
Industrial buildings 495 12 492 19
Hotels and motels 95 4 99 6
Medical buildings 58 — 65 3
Retirement homes —— 5—
Other 102 1 101 11
3,096 94 3,190 116
Less: allowance for loan losses (40) — (44) —
Total $ 3,056 $ 94 $ 3,146 $ 116
Commitments to fund commercial mortgages were made in the ordinary course of business. The funding commitments at
December 31, 2006 and 2005 approximate fair value.
Trading Securities and Equity Method Investments in Hedge Funds
Trading securities and equity method investments in hedge funds were primarily comprised of investments in mutual funds managed
by the Company, securities within consolidated hedge funds and other hedge funds managed by third parties. Net gains related to
trading securities and equity method investments in hedge funds for the years ended December 31, 2006, 2005 and 2004 were
$41 million, $27 million and $50 million, respectively.
79
Ameriprise Financial, Inc. 2006 Annual Report