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C » Topics » Citi Holdings Significant Revenue Items and Risk Exposure Predominantly in Special Asset Pool

This excerpt taken from the C 10-Q filed Aug 7, 2009.

Citi Holdings Significant Revenue Items and Risk Exposure Predominantly in Special Asset Pool

 
   Pretax Revenue
(in millions) 		  Risk Exposure
(in billions) 		 
 
   Second Quarter 2009   Second Quarter 2008   June 30,
2009 		  Mar. 31,
2009 		  %
Change 		 

Sub-prime related direct exposures

   $ 613   $ (3,395 ) $ 9.6   $ 10.2     (6 )%

Private Equity and equity investments

     (37 )   183     6.2     6.0     3  

Alt-A Mortgages(1)

     (390 )   (277 )   10.0     11.6     (14 )

Highly leveraged loans and financing commitments(2)

     (237 )   (428 )   8.5     9.5     (11 )

Commercial Real Estate (CRE) positions(1)(3)

     (354 )   (480 )   28.6     29.9     (4 )

Structured Investment Vehicles' (SIVs) Assets

     50     11     16.2     16.2     —  

Auction Rate Securities (ARS) proprietary positions

     —     197     8.3     8.5     (2 )

CVA related to exposure to monoline insurers

     157     (2,428 )   N/A     N/A     —  

CVA on Citi debt liabilities under fair value option

     (156 )   —     N/A     N/A     —  

CVA on derivatives positions, excluding monoline insurers

     804     52     N/A     N/A     —  
                       

Subtotal

   $ 450   $ (6,565 )                  

Accretion on reclassified assets

     501     —                    
                       

Total significant revenue items

   $ 951   $ (6,565 )                  
                       
(1)
Net of hedges.

(2)
Net of underwriting fees.

(3)
Excludes CRE positions that are included in the SIV portfolio.
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