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C » Topics » FOREGONE INTEREST REVENUE ON LOANS (1)

These excerpts taken from the C 10-K filed Feb 27, 2009.

FOREGONE INTEREST REVENUE ON LOANS (1)

 

In millions of dollars  

In U.S.

offices

   

In non-
U.S.

offices

   

2008

total

Interest revenue that would have been accrued at original contractual rates (2)

   $ 1,245    $ 827    $ 2,072

Amount recognized as interest revenue (2)

     295      258      553

Foregone interest revenue

   $ 950    $ 569    $ 1,519

 

(1) Relates to corporate non-accrual, renegotiated loans and consumer loans on which accrual of interest had been suspended.
(2) Interest revenue in offices outside the U.S. may reflect prevailing local interest rates, including the effects of inflation and monetary correction in certain countries.

 


 

56

Table of Contents

 

FOREGONE INTEREST REVENUE ON LOANS (1)

 

In millions of dollars  

In U.S.

offices

   

In non-
U.S.

offices

   

2008

total

Interest revenue that would have been accrued at original contractual rates (2)

   $ 1,245    $ 827    $ 2,072

Amount recognized as interest revenue (2)

     295      258      553

Foregone interest revenue

   $ 950    $ 569    $ 1,519

 

(1) Relates to corporate non-accrual, renegotiated loans and consumer loans on which accrual of interest had been suspended.
(2) Interest revenue in offices outside the U.S. may reflect prevailing local interest rates, including the effects of inflation and monetary correction in certain countries.

 


 

56

Table of Contents

 

This excerpt taken from the C 10-K filed Feb 22, 2008.

FOREGONE INTEREST REVENUE ON LOANS (1)

 

In millions of dollars  

In U.S.

offices

   

In non-
U.S.

offices

   

2007

total

Interest revenue that would have been

    accrued at original contractual rates (2)

   $ 379    $ 520    $ 899

Amount recognized as interest revenue (2)

     58      227      285

Foregone interest revenue

   $ 321    $ 293    $ 614

 

(1) Relates to corporate cash-basis, renegotiated loans and consumer loans on which accrual of interest had been suspended.
(2) Interest revenue in offices outside the U.S. may reflect prevailing local interest rates, including the effects of inflation and monetary correction in certain countries.

 

43

Table of Contents

 

This excerpt taken from the C 10-K filed Feb 23, 2007.

FOREGONE INTEREST REVENUE ON LOANS (1)

 

In millions of dollars  

In U.S.

offices

   

In non-U.S.

offices

   

2006

total

Interest revenue that would have been accrued at original contractual rates (2)

   $ 253    $ 415    $ 668

Amount recognized as interest revenue (2)

     37      168      205

Foregone interest revenue

   $ 216    $ 247    $ 463

 

(1) Relates to corporate cash-basis, renegotiated loans and consumer loans on which accrual of interest had been suspended.
(2) Interest revenue in offices outside the U.S. may reflect prevailing local interest rates, including the effects of inflation and monetary correction in certain countries.

 

63

Table of Contents

 

This excerpt taken from the C 10-K filed Feb 28, 2005.

FOREGONE INTEREST REVENUE ON LOANS(1)

 
   In U.S.
offices
   In
non-U.S.
offices
   2004
Total
 
   In millions of dollars
Interest revenue that would have been accrued at original contractual rates(2)   $ 423   $ 577   $ 1,000
Amount recognized as interest revenue(2)     60     210     270
   
 
 
Foregone interest revenue   $ 363   $ 367   $ 730
   
 
 
(1)
Relates to corporate cash-basis, renegotiated loans and consumer loans on which accrual of interest had been suspended.

(2)
Interest revenue in offices outside the U.S. may reflect prevailing local interest rates, including the effects of inflation and monetary correction in certain countries.

48

CONSUMER CREDIT RISK

        Within Global Consumer, business-specific credit risk policies and procedures are derived from the following risk management framework:

    •
    Each business must develop a plan, including risk/return tradeoffs, as well as risk acceptance criteria and policies appropriate to their activities.

    •
    Senior Business Managers are responsible for managing risk/return tradeoffs in their business.

    •
    Senior Business Managers, in conjunction with Senior Credit Officers, implement business-specific risk management policies and practices.

    •
    Approval policies for a product or business are tailored to internal audit ratings, profitability, and credit risk management performance.

    •
    Independent credit risk management is responsible for establishing the Global Consumer Policy, approving business-specific policies and procedures, monitoring business risk management performance, providing ongoing assessment of portfolio credit risks, and approving new products and new risks.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009
10-K
Feb 22, 2008
10-K
Feb 23, 2007
10-K
Feb 28, 2005

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