EX-7 2 exhibit7.htm CONSOLIDATED BALANCE SHEET exhibit7.htm

CITIBANK, N.A. AND SUBSIDIARIES
 
CONSOLIDATED BALANCE SHEET  Citibank, N.A. and Subsidiaries
In millions of dollars. except shares
June 30,
2010 (Unaudited)
December 31, 2009
Assets
    
Cash and due from banks
$20,128
$20,246
Deposits with banks
132,946
154,372
Federal funds sold and securities borrowed or purchased under agreements to resell
29,174
31,434
Trading account assets (including $785 and $914 pledged to creditors at June 30, 2010 and December 31, 2009, respectively) 143,568 156,380
Investments (including $5,238 and $3,849 pledged to creditors at June 30, 2010 an( December 31, 2009, respectively)   255,468   233,086
Loans, net of unearned income
477,897
477,974
Allowance for loan losses
(20,872)
(22,685)
Total loans, net
$457,025
$455,289
Goodwill
9,839
10,200
Intangible assets, including MSRs
6,237
8,243
Premises and equipment, net
4,496
4,832
Interest and fees receivable
6,353
6,840
Other assets
92,643
80,439
Total assets
$1,157,877
$1,161,361
     
     
     
     
The following table presents certain assets of consolidated VIEs, which are included in the Consolidated Balance Sheet above.  The assets in the table below include only those assets that can be used to settle obligations of consolidated VIEs on the following page, and are in excess of those obligations.
   
   
 
June 30, 2010
Assets of consolidated VIEs that can only be used to settle obligations of consolidated VIEs
  
Cash and due from banks (including segregated cash and other deposits)
$  2,228
Trading account assets
32
Investments
8,914
Loans, net of unearned income
  
Consumer (including $2,590 at lair value)
41,892
Corporate (including $392 at fair value)
21,593
Loans, net of unearned income
$63,485
Allowance for loan losses
(303)
Total loans, net
$63,182
Other assets
1,775
Total assets of consolidated VIEs that can only be used to settle obligations of consolidated VIEs
$76,131
   
[Statement continues on the following page]

 
 
 

CITIBANK, N.A. AND SUBSIDIARIES
 
CONSOLIDATED BALANCE SHEET
(Continued)
 Citibank, N.A. and Subsidiaries
 
In millions of dollars. except shares
June 30,
2010 (Unaudited)
December 31, 2009
     
Liabilities
    
Non-interest-bearing deposits in U.S. offices
$66,524
$76,729
Interest-bearing deposits in U.S. offices
188,010
176,149
Non-interest-bearing deposits in offices outside the U.S.
42,256
39,414
Interest-bearing deposits in offices outside the U.S.
474,629
479,350
Total deposits
$771,419
$771,642
Trading account liabilities
58,703
52,010
Purchased funds and other borrowings
63,156
89,503
Accrued taxes and other expenses
8,277
9,046
Long-term debt and subordinated notes
92,394
82,086
Other liabilities
41,206
39,181
Total liabilities
$1,035,155
$1.043,468
Citibank stockholder's equity
    
Capital stock ($20 par value) outstanding shares: 37,534,553 in each period
$751
$751
Surplus
109,099
107,923
Retained earnings
23,975
19,457
Accumulated other comprehensive income (loss)(1)
(12,227)
(11,532)
Total Citibank stockholder's equity
$121,598
$116,599
Noncontrolling interest
1,124
1,294
Total equity
$122,722
$1 17,893
Total liabilities and equity.
S1,157,877
$1,161.361
     
(1)
Amounts at June 30,2010 and December 31, 2009 include the after-tax amounts for net unrealized gains (losses) on investment securities of $(2.948) billion and $(4.735) billion, respectively, for foreign currency translation of $(5.963) billion and $(3.255) billion, respectively, for cash flow hedges of $(2.141) billion and $(2.367) billion, respectively, and for pension liability adjustments of $(1.175) billion and $(1.175) billion, respectively.

See Notes to the Consolidated Financial Statements.

 

The following table presents certain liabilities of consolidated VIEs, which are included in the Consolidated Balance Sheet above. The liabilities in the table below include third-party liabilities of consolidated VIEs only, and exclude intercompany balances that eliminate in consolidation. The liabilities also exclude amounts where creditors or beneficial interest holders have recourse to the general credit of Citigroup.


 
June 30, 2010
   
Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of Citigroup:
  
Short-term borrowings
$28,258
Long-term debt (including $2,766 at fair value)
35,862
Other liabilities
2,928
Total liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of Citigroup
$67,048