Ameriprise 2009 Annual Report Download - page 130
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Concentrations of credit risk of commercial mortgage loans by region were as follows:
December 31,
2009 2008
On-Balance Funding On-Balance Funding
Sheet Commitments Sheet Commitments
(in millions)
Commercial mortgage loans by U.S. region:
Atlantic $ 877 $ 13 $ 924 $ 3
North Central 571 16 666 10
Mountain 311 — 340 11
Pacific 501 13 480 20
South Central 264 8 307 —
New England 171 — 189 —
2,695 50 2,906 44
Less: allowance for loan losses (32) — (19) —
Total $ 2,663 $ 50 $ 2,887 $ 44
Concentrations of credit risk of commercial mortgage loans by property type were as follows:
December 31,
2009 2008
On-Balance Funding On-Balance Funding
Sheet Commitments Sheet Commitments
(in millions)
Commercial mortgage loans by U.S. property type:
Office buildings $ 732 $ 6 $ 817 $ 18
Shopping centers and retail 867 16 896 23
Apartments 371 — 414 1
Industrial buildings 491 12 512 2
Hotels and motels 63 — 79 —
Medical buildings 37 16 41 —
Other 134 — 147 —
2,695 50 2,906 44
Less: allowance for loan losses (32) — (19) —
Total $ 2,663 $ 50 $ 2,887 $ 44
Commitments to fund commercial mortgages were made in the ordinary course of business. The funding commitments at December 31,
2009 and 2008 approximate fair value.
Trading Securities
Net recognized gains (losses) related to trading securities held at December 31, 2009, 2008 and 2007 were $31 million, $(88) million and
$3 million, respectively, for the years then ended.
8. Deferred Acquisition Costs and Deferred Sales Inducement Costs
During the third quarter of 2009, 2008 and 2007, the Company completed the annual detailed review of valuation assumptions for
products of RiverSource Life companies. In addition, during the third quarter of 2008, the Company converted to a new industry
standard valuation system that provides enhanced modeling capabilities.
ANNUAL REPORT 2009 115