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INVESTMENTS (Details 4) (USD $)
3 Months Ended
Jun. 30, 2014
Sep. 30, 2014
Dec. 31, 2013
Schedule of Held-to-maturity Securities      
Fair Value of AFS securities transferred to HTM $ 11,800,000,000    
Debt Securities Held-to-maturity      
Amortized cost   24,909,000,000 [1],[2] 11,274,000,000 [1]
Net unrealized losses recognized in AOCI   (871,000,000) [2] (675,000,000)
Carrying value   24,038,000,000 [2],[3] 10,599,000,000 [3]
Gross unrecognized gains   974,000,000 [2] 769,000,000
Gross unrecognized losses   (370,000,000) [2] (375,000,000)
Fair value   24,642,000,000 [2] 10,993,000,000
Mortgage-backed securities - U.S. agency-sponsored
     
Debt Securities Held-to-maturity      
Amortized cost   8,247,000,000 [1],[4]  
Net unrealized losses recognized in AOCI   96,000,000 [4]  
Carrying value   8,343,000,000 [3],[4]  
Gross unrecognized gains   27,000,000 [4]  
Gross unrecognized losses   (28,000,000) [4]  
Fair value   8,342,000,000 [4]  
Mortgage-backed securities - Prime
     
Debt Securities Held-to-maturity      
Amortized cost   63,000,000 [1],[4] 72,000,000 [1],[4]
Net unrealized losses recognized in AOCI   (14,000,000) [4] (16,000,000) [4]
Carrying value   49,000,000 [3],[4] 56,000,000 [3],[4]
Gross unrecognized gains   5,000,000 [4] 5,000,000 [4]
Gross unrecognized losses   (1,000,000) [4] (2,000,000) [4]
Fair value   53,000,000 [4] 59,000,000 [4]
Mortgage-backed securities - Alt-A
     
Debt Securities Held-to-maturity      
Amortized cost   1,214,000,000 [1],[4] 1,379,000,000 [1],[4]
Net unrealized losses recognized in AOCI   (238,000,000) [4] (287,000,000) [4]
Carrying value   976,000,000 [3],[4] 1,092,000,000 [3],[4]
Gross unrecognized gains   546,000,000 [4] 449,000,000 [4]
Gross unrecognized losses   (281,000,000) [4] (263,000,000) [4]
Fair value   1,241,000,000 [4] 1,278,000,000 [4]
Mortgage-backed securities - Subprime
     
Debt Securities Held-to-maturity      
Amortized cost   2,000,000 [1],[4] 2,000,000 [1],[4]
Carrying value   2,000,000 [3],[4] 2,000,000 [3],[4]
Gross unrecognized gains   1,000,000 [4] 1,000,000 [4]
Fair value   3,000,000 [4] 3,000,000 [4]
Mortgage-backed securities - Non-U.S. residential
     
Debt Securities Held-to-maturity      
Amortized cost   1,165,000,000 [1],[4] 1,372,000,000 [1],[4]
Net unrealized losses recognized in AOCI   (170,000,000) [4] (206,000,000) [4]
Carrying value   995,000,000 [3],[4] 1,166,000,000 [3],[4]
Gross unrecognized gains   103,000,000 [4] 60,000,000 [4]
Gross unrecognized losses   0 [4] (20,000,000) [4]
Fair value   1,098,000,000 [4] 1,206,000,000 [4]
Mortgage-backed securities - Commercial
     
Debt Securities Held-to-maturity      
Amortized cost   9,000,000 [1],[4] 10,000,000 [1],[4]
Carrying value   9,000,000 [3],[4] 10,000,000 [3],[4]
Gross unrecognized gains   1,000,000 [4] 1,000,000 [4]
Fair value   10,000,000 [4] 11,000,000 [4]
Mortgage-backed securities
     
Debt Securities Held-to-maturity      
Amortized cost   10,700,000,000 [1],[4] 2,835,000,000 [1],[4]
Net unrealized losses recognized in AOCI   (326,000,000) [4] (509,000,000) [4]
Carrying value   10,374,000,000 [3],[4] 2,326,000,000 [3],[4]
Gross unrecognized gains   683,000,000 [4] 516,000,000 [4]
Gross unrecognized losses   (310,000,000) [4] (285,000,000) [4]
Fair value   10,747,000,000 [4] 2,557,000,000 [4]
State and municipal securities
     
Debt Securities Held-to-maturity      
Amortized cost   8,323,000,000 [1],[5] 1,394,000,000 [1]
Net unrealized losses recognized in AOCI   (525,000,000) [5] (62,000,000)
Carrying value   7,798,000,000 [3],[5] 1,332,000,000 [3]
Gross unrecognized gains   162,000,000 [5] 50,000,000
Gross unrecognized losses   (50,000,000) [5] (70,000,000)
Fair value   7,910,000,000 [5] 1,312,000,000
Foreign government
     
Debt Securities Held-to-maturity      
Amortized cost   5,279,000,000 [1] 5,628,000,000 [1]
Carrying value   5,279,000,000 [3] 5,628,000,000 [3]
Gross unrecognized gains   78,000,000 70,000,000
Gross unrecognized losses     (10,000,000)
Fair value   5,357,000,000 5,688,000,000
Corporate
     
Debt Securities Held-to-maturity      
Amortized cost   38,000,000 [1] 818,000,000 [1]
Net unrealized losses recognized in AOCI   (1,000,000) (78,000,000)
Carrying value   37,000,000 [3] 740,000,000 [3]
Gross unrecognized gains   2,000,000 111,000,000
Fair value   39,000,000 851,000,000
Asset-backed securities
     
Debt Securities Held-to-maturity      
Amortized cost   569,000,000 [1],[4] 599,000,000 [1],[4]
Net unrealized losses recognized in AOCI   (19,000,000) [4] (26,000,000) [4]
Carrying value   550,000,000 [3],[4] 573,000,000 [3],[4]
Gross unrecognized gains   49,000,000 [4] 22,000,000 [4]
Gross unrecognized losses   (10,000,000) [4] (10,000,000) [4]
Fair value   $ 589,000,000 [4] $ 585,000,000 [4]
[1] For securities transferred to HTM from Trading account assets, amortized cost is defined as the fair value of the securities at the date of transfer plus any accretion income and less any impairments recognized in earnings subsequent to transfer. For securities transferred to HTM from AFS, amortized cost is defined as the original purchase cost, adjusted for the cumulative accretion or amortization of any purchase discount or premium, plus or minus any cumulative fair value hedge adjustments, net of accretion or amortization, and less any other-than-temporary impairment recognized in earnings.
[2] During the second quarter of 2014, securities with a total fair value of approximately $11.8 billion were transferred from AFS to HTM. For additional information, see Note 13 in Citi’s Second Quarter of 2014 Form 10-Q.
[3] HTM securities are carried on the Consolidated Balance Sheet at amortized cost, plus or minus any unamortized unrealized gains and losses and fair value hedge adjustments recognized in AOCI prior to reclassifying the securities from AFS to HTM. Changes in the values of these securities are not reported in the financial statements, except for the amortization of any difference between the carrying value at the transfer date and par value of the securities, and the recognition of any non-credit fair value adjustments in AOCI in connection with the recognition of any credit impairment in earnings related to securities the Company continues to intend to hold until maturity.
[4] The Company invests in mortgage-backed and asset-backed securities. These securitizations are generally considered VIEs. The Company’s maximum exposure to loss from these VIEs is equal to the carrying amount of the securities, which is reflected in the table above. For mortgage-backed and asset-backed securitizations in which the Company has other involvement, see Note 20 to the Consolidated Financial Statements.
[5] The net unrealized losses recognized in AOCI on state and municipal debt securities are primarily attributable to the effects of fair value hedge accounting applied when these debt securities were classified as AFS. Specifically, Citi hedged the LIBOR-benchmark interest rate component of certain fixed-rate tax-exempt state and municipal debt securities utilizing LIBOR-based interest rate swaps. During the hedge period, losses incurred on the LIBOR-hedging swaps recorded in earnings were substantially offset by gains on the state and municipal debt securities attributable to changes in the LIBOR swap rate being hedged. However, because the LIBOR swap rate decreased significantly during the hedge period while the overall fair value of the municipal debt securities was relatively unchanged, the effect of reclassifying fair value gains on these securities from AOCI to earnings attributable solely to changes in the LIBOR swap rate resulted in net unrealized losses remaining in AOCI that relate to the unhedged components of these securities. Upon transfer of these debt securities to HTM, all hedges have been de-designated and hedge accounting has ceased.