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C » Topics » Cash-Basis, Renegotiated, and Past Due Loans

This excerpt taken from the C 10-Q filed May 4, 2007.

CASH-BASIS, RENEGOTIATED, AND PAST DUE LOANS

In millions of dollars

   Mar. 31
2007
   Dec. 31,
2006
   Sept. 30,
2006
   June 30,
2006
   Mar. 31,
2006
Corporate cash-basis loans                              
Collateral dependent (at lower of cost or collateral value)(1)   $ 19   $ 19   $ 15   $ —   $ —
Other     481     516     677     799     821
   
 
 
 
 
Total   $ 500   $ 535   $ 692   $ 799   $ 821
   
 
 
 
 
Corporate cash-basis loans                              
In U.S. offices   $ 38   $ 58   $ 23   $ 24   $ 65
In offices outside the U.S.     462     477     669     775     756
   
 
 
 
 
Total   $ 500   $ 535   $ 692   $ 799   $ 821
   
 
 
 
 
Renegotiated loans (includes Corporate and Commercial Business Loans)   $ 26   $ 22   $ 23   $ 23   $ 30
   
 
 
 
 
Consumer loans on which accrual of interest had been suspended                              
In U.S. offices   $ 2,501   $ 2,490   $ 2,231   $ 1,985   $ 2,088
In offices outside the U.S.     2,077     2,022     1,958     1,872     1,664
   
 
 
 
 
Total   $ 4,578   $ 4,512   $ 4,189   $ 3,857   $ 3,752
   
 
 
 
 
Accruing loans 90 or more days delinquent(2)                              
In U.S. offices   $ 2,374   $ 2,260   $ 2,576   $ 2,403   $ 2,531
In offices outside the U.S.     532     524     448     431     410
   
 
 
 
 
Total   $ 2,906   $ 2,784   $ 3,024   $ 2,834   $ 2,941
   
 
 
 
 
(1)
A cash-basis loan is defined as collateral dependent when repayment is expected to be provided solely by the liquidation of the underlying collateral and there are no other available and reliable sources of repayment, in which case the loans are written down to the lower of cost or collateral value.

(2)
Substantially composed of consumer loans of which $2,074 million, $1,891 million, $1,897 million, $1,815 million, and $1,797 million, are government-guaranteed student loans and Federal Housing Authority mortgages at March 31, 2007, December 31, 2006, September 30, 2006, June 30, 2006, and March 31, 2006, respectively.
This excerpt taken from the C 10-Q filed Nov 3, 2006.

CASH-BASIS, RENEGOTIATED, AND PAST DUE LOANS

In millions of dollars

   September 30,
2006
   June 30,
2006
   March 31,
2006
   December 31,
2005
   September 30,
2005
Corporate cash-basis loans(1)                              
Collateral dependent (at lower of cost or collateral value)(2)   $ 15   $ —   $ —   $ 6   $ 6
Other     677     799     821     998     1,204
   
 
 
 
 
Total   $ 692   $ 799   $ 821   $ 1,004   $ 1,210
   
 
 
 
 
Corporate cash-basis loans(1)                              
In U.S. offices   $ 23   $ 24   $ 65   $ 81   $ 74
In offices outside the U.S.     669     775     756     923     1,136
   
 
 
 
 
Total   $ 692   $ 799   $ 821   $ 1,004   $ 1,210
   
 
 
 
 
Renegotiated loans (includes Corporate and Commercial Business Loans)   $ 23   $ 23   $ 30   $ 32   $ 29
   
 
 
 
 
Consumer loans on which accrual of interest had been suspended                              
In U.S. offices   $ 2,231   $ 1,985   $ 2,088   $ 2,307   $ 2,224
In offices outside the U.S.     1,958     1,872     1,664     1,713     1,597
   
 
 
 
 
Total   $ 4,189   $ 3,857   $ 3,752   $ 4,020   $ 3,821
   
 
 
 
 
Accruing loans 90 or more days delinquent(3)                              
In U.S. offices   $ 2,576   $ 2,403   $ 2,531   $ 2,886   $ 2,823
In offices outside the U.S.     448     431     410     391     457
   
 
 
 
 
Total   $ 3,024   $ 2,834   $ 2,941   $ 3,277   $ 3,280
   
 
 
 
 
(1)
Excludes purchased distressed loans accounted for in accordance with Statement of Position 03-3, "Accounting for Certain Loans on Debt Securities Acquired in a Transfer" (SOP 03-3). This pronouncement was adopted in the 2005 third quarter.

(2)
A cash-basis loan is defined as collateral dependent when repayment is expected to be provided solely by the liquidation of the underlying collateral and there are no other available and reliable sources of repayment, in which case the loans are written down to the lower of cost or collateral value.

(3)
Substantially comprised of consumer loans of which $1,450 million, $1,437 million, $1,465 million, $1,591 million, and $1,690 million are government-guaranteed student loans and Federal Housing Authority mortgages at September 30, 2006, June 30, 2006, March 31, 2006, December 31, 2005, and September 30, 2005, respectively.
This excerpt taken from the C 10-Q filed May 5, 2006.

CASH-BASIS, RENEGOTIATED, AND PAST DUE LOANS

In millions of dollars
   Mar. 31
2006
   Dec. 31,
2005
   Sept. 30,
2005
   June 30,
2005
   Mar. 31,
2005
Corporate cash-basis loans(1)                              
Collateral dependent (at lower of cost or collateral value)(2)   $ —   $ 6   $ 6   $ 8   $ 8
Other     821     998     1,204     1,588     1,724
   
 
 
 
 
Total   $ 821   $ 1,004   $ 1,210   $ 1,596   $ 1,732
   
 
 
 
 
Corporate cash-basis loans(1)                              
In U.S. offices   $ 65   $ 81   $ 74   $ 181   $ 238
In offices outside the U.S.     756     923     1,136     1,415     1,494
   
 
 
 
 
Total   $ 821   $ 1,004   $ 1,210   $ 1,596   $ 1,732
   
 
 
 
 
Renegotiated loans (includes Corporate and Commercial Business Loans)   $ 30   $ 32   $ 29   $ 31   $ 36
   
 
 
 
 
Consumer loans on which accrual of interest had been suspended                              
In U.S. offices   $ 2,088   $ 2,307   $ 2,224   $ 1,908   $ 2,180
In offices outside the U.S.     1,664     1,713     1,597     2,791     2,890
   
 
 
 
 
Total   $ 3,752   $ 4,020   $ 3,821   $ 4,699   $ 5,070
   
 
 
 
 
Accruing loans 90 or more days delinquent(3)                              
In U.S. offices   $ 2,531   $ 2,886   $ 2,823   $ 2,789   $ 2,962
In offices outside the U.S.     410     391     457     407     390
   
 
 
 
 
Total   $ 2,941   $ 3,277   $ 3,280   $ 3,196   $ 3,352
   
 
 
 
 
(1)
Excludes purchased distressed loans accounted for in accordance with Statement of Position 03-3, "Accounting for Certain Loans on Debt Securities Acquired in a Transfer" (SOP 03-3). This pronouncement was adopted in the 2005 third quarter. Prior to adoption, these loans were classified with other assets. The carrying value of these loans was $1,217 million at March 31, 2006, $1,120 million at December 31, 2005, $1,064 million at September 30, 2005, $1,148 million at June 30, 2005, and $1,295 million at March 31, 2005.

(2)
A cash-basis loan is defined as collateral dependent when repayment is expected to be provided solely by the liquidation of the underlying collateral and there are no other available and reliable sources of repayment, in which case the loans are written down to the lower of cost or collateral value.

(3)
Substantially composed of consumer loans of which $1,465 million, $1,591 million, $1,690 million, $1,744 million, and $1,829 million are government-guaranteed student loans and Federal Housing Authority mortgages at March 31, 2006, December 31, 2005, September 30, 2005, June 30, 2005, and March 31, 2005, respectively.
This excerpt taken from the C 10-Q filed Nov 4, 2005.

Cash-Basis, Renegotiated, and Past Due Loans

In millions of dollars
   Sept. 30,
2005
   June 30,
2005
   Mar. 31,
2005
   Dec. 31,
2004
   Sept. 30,
2004
Corporate cash-basis loans(1)                              
Collateral dependent (at lower of cost or collateral value)(2)   $ 6   $ 8   $ 8   $ 7   $ 15
Other     1,204     1,588     1,724     1,899     2,185
   
 
 
 
 
Total   $ 1,210   $ 1,596   $ 1,732   $ 1,906   $ 2,200
   
 
 
 
 
Corporate cash-basis loans(1)                              
In U.S. offices   $ 74   $ 181   $ 238   $ 254   $ 334
In offices outside the U.S.     1,136     1,415     1,494     1,652     1,866
   
 
 
 
 
Total   $ 1,210   $ 1,596   $ 1,732   $ 1,906   $ 2,200
   
 
 
 
 
Renegotiated loans (includes Corporate and Commercial Business Loans)                              
In U.S. offices   $ 17   $ 18   $ 21   $ 63   $ 69
In offices outside the U.S.     12     13     15     20     26
   
 
 
 
 
Total   $ 29   $ 31   $ 36   $ 83   $ 95
   
 
 
 
 
Consumer loans on which accrual of interest had been suspended                              
In U.S. offices   $ 2,224   $ 1,908   $ 2,180   $ 2,485   $ 2,622
In offices outside the U.S.     1,597     2,791     2,890     2,978     2,830
   
 
 
 
 
Total   $ 3,821   $ 4,699   $ 5,070   $ 5,463   $ 5,452
   
 
 
 
 
Accruing loans 90 or more days delinquent(3)                              
In U.S. offices   $ 2,823   $ 2,789   $ 2,962   $ 3,153   $ 3,298
In offices outside the U.S.     457     407     390     401     358
   
 
 
 
 
Total   $ 3,280   $ 3,196   $ 3,352   $ 3,554   $ 3,656
   
 
 
 
 
(1)
Excludes purchased distressed loans that are accreting interest. The carrying value of these loans was: $1,064 million, $1,148 million, $1,295 million, $1,213 million and $1,150 million at September 30, 2005, June 30, 2005, March 31, 2005, December 31, 2004 and September 30, 2004, respectively.
(2)
A cash-basis loan is defined as collateral dependent when repayment is expected to be provided solely by the liquidation of underlying collateral and there are no other available and reliable sources of repayment, in which case the loans are written down to the lower of cost or collateral value.
(3)
Substantially all consumer loans, of which $1,690, $1,744 million, $1,829 million, $1,867 million and $1,874 million are government-guaranteed student loans and Federal Housing Authority mortgages at September 30, 2005, June 30, 2005, March 31, 2005, December 31, 2004, and September 30, 2004, respectively.

This excerpt taken from the C 10-Q filed Aug 4, 2005.

Cash-Basis, Renegotiated, and Past Due Loans

In millions of dollars
   June 30,
2005
   Mar. 31,
2005
   Dec. 31,
2004
   Sept. 30,
2004
   June 30,
2004
Corporate cash-basis loans                              
Collateral dependent (at lower of cost or collateral value)(1)   $ 8   $ 8   $ 7   $ 15   $ 59
Other     1,588     1,724     1,899     2,185     2,560
   
 
 
 
 
Total   $ 1,596   $ 1,732   $ 1,906   $ 2,200   $ 2,619
   
 
 
 
 
Corporate cash-basis loans                              
In U.S. offices   $ 181   $ 238   $ 254   $ 334   $ 503
In offices outside the U.S.     1,415     1,494     1,652     1,866     2,116
   
 
 
 
 
Total   $ 1,596   $ 1,732   $ 1,906   $ 2,200   $ 2,619
   
 
 
 
 
Renegotiated loans (includes Corporate and Commercial Business Loans)                              
In U.S. offices   $ 18   $ 21   $ 63   $ 69   $ 81
In offices outside the U.S.   $ 13     15     20     26     30
   
 
 
 
 
Total   $ 31   $ 36   $ 83   $ 95   $ 111
   
 
 
 
 
Consumer loans on which accrual of interest had been suspended                              
In U.S. offices   $ 1,908   $ 2,180   $ 2,485   $ 2,622   $ 2,712
In offices outside the U.S.     2,791     2,890     2,978     2,830     2,860
   
 
 
 
 
Total   $ 4,699   $ 5,070   $ 5,463   $ 5,452   $ 5,572
   
 
 
 
 
Accruing loans 90 or more days delinquent(2)                              
In U.S. offices   $ 2,789   $ 2,962   $ 3,153   $ 3,298   $ 2,770
In offices outside the U.S.     407     390     401     358     503
   
 
 
 
 
Total   $ 3,196   $ 3,352   $ 3,554   $ 3,656   $ 3,273
   
 
 
 
 
(1)
A cash-basis loan is defined as collateral dependent when repayment is expected to be provided solely by the liquidation of underlying collateral and there are no other available and reliable sources of repayment, in which case the loans are written down to the lower of cost or collateral value.

(2)
Substantially all consumer loans, of which $1,744 million, $1,829 million, $1,867 million, $1,874 million and $1,459 million are government-guaranteed student loans and Federal Housing Authority mortgages at June 30, 2005, March 31, 2005, December 31, 2004, September 30, 2004 and June 30, 2004, respectively.

EXCERPTS ON THIS PAGE:

10-Q
May 4, 2007
10-Q
Nov 3, 2006
10-Q
May 5, 2006
10-Q
Nov 4, 2005
10-Q
Aug 4, 2005

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