4. INTEREST REVENUE AND EXPENSE for Citigroup (C)

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C » Topics » 4. INTEREST REVENUE AND EXPENSE

This excerpt taken from the C 10-Q filed Nov 6, 2009.

4. INTEREST REVENUE AND EXPENSE

For the three- and nine-month periods ended September 30, 2009 and 2008, interest revenue and expense consisted of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,

*In millions of dollars*	2009		2008		2009		2008
Interest revenue
Loan interest, including fees	$	11,601	$	15,528	$	36,385	$	47,883
Deposits at interest with banks		313		792		1,126		2,329
Federal funds sold and securities purchased under agreements to resell		728		2,215		2,407		7,751
Investments, including dividends		3,283		2,597		9,894		7,832
Trading account assets(1)		2,654		4,137		8,526		13,562
Other interest		99		861		594		3,271

Total interest revenue	$	18,678	$	26,130	$	58,932	$	82,628

Interest expense
Deposits(2)	$	2,298	$	4,915	$	7,986	$	16,191
Federal funds purchased and securities loaned or sold under agreements to repurchase		772		2,721		2,807		9,559
Trading account liabilities(1)		43		285		220		1,064
Short-term borrowing		350		924		1,128		3,233
Long-term debt		3,217		3,881		9,038		12,103

Total interest expense	$	6,680	$	12,726	$	21,179	$	42,150

Net interest revenue	$	11,998	$	13,404	$	37,753	$	40,478
Provision for loan losses		8,771		8,943		30,919		21,503

Net interest revenue after provision for loan losses	$	3,227	$	4,461	$	6,834	$	18,975

(1): Interest expense on trading account liabilities of the ICG is reported as a reduction of interest revenue for Trading account assets.
(2): Includes FDIC deposit insurance fees and charges.

102

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

4. INTEREST REVENUE AND EXPENSE

For the three- and six-month periods ended June 30, 2009 and 2008, interest revenue and expense consisted of the following:

	Three Months Ended June 30,				Six Months Ended June 30,

*In millions of dollars*	2009		2008(1)		2009		2008(1)
Interest revenue
Loan interest, including fees	$	11,929	$	15,941	$	24,784	$	32,355
Deposits at interest with banks		377		761		813		1,537
Federal funds sold and securities purchased under agreements to resell		794		2,370		1,679		5,536
Investments, including dividends		3,435		2,548		6,611		5,235
Trading account assets(2)		2,921		4,634		5,872		9,425
Other interest		215		1,083		495		2,410

Total interest revenue	$	19,671	$	27,337	$	40,254	$	56,498

Interest expense
Deposits	$	2,840	$	5,082	$	5,688	$	11,276
Federal funds purchased and securities loaned or sold under agreements to repurchase		931		2,947		2,035		6,838
Trading account liabilities(2)		69		450		177		779
Short-term borrowing		315		961		778		2,309
Long-term debt		2,687		3,911		5,821		8,222

Total interest expense	$	6,842	$	13,351	$	14,499	$	29,424

Net interest revenue	$	12,829	$	13,986	$	25,755	$	27,074
Provision for loan losses		12,233		6,983		22,148		12,560

Net interest revenue after provision for loan losses	$	596	$	7,003	$	3,607	$	14,514

(1): Reclassified to conform to the current period's presentation.
(2): Interest expense on trading account liabilities of the ICG is reported as a reduction of interest revenue for Trading account assets.

This excerpt taken from the C 10-Q filed May 11, 2009.

4. INTEREST REVENUE AND EXPENSE

For the three months ended March 31, 2009 and 2008, respectively, interest revenue and expense consisted of the following:

	Three Months Ended March 31,

*In millions of dollars*	2009		2008
Interest revenue
Loan interest, including fees	$	12,855	$	16,414
Deposits at interest with banks		432		784
Federal funds sold and securities borrowed or purchased under agreements to resell		888		3,172
Investments, including dividends		3,176		2,687
Trading account assets(1)		2,958		4,799
Other interest		300		1,334

Total interest revenue	$	20,609	$	29,190

Interest expense
Deposits	$	2,848	$	6,194
Federal funds purchased and securities loaned or sold under agreements to repurchase		1,119		3,903
Trading account liabilities(1)		113		333
Short-term borrowings		497		1,381
Long-term debt		3,134		4,311

Total interest expense	$	7,711	$	16,122

Net interest revenue	$	12,898	$	13,068
Provision for loan losses		9,915		5,577

Net interest revenue after provision for loan losses	$	2,983	$	7,491

(1): Interest expense on Trading account liabilities of ICG is reported as a reduction of interest revenue from Trading account assets.

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

5. INTEREST REVENUE AND EXPENSE

For the years ended December 31, 2008, 2007 and 2006, respectively, interest revenue and expense consisted of the following:


In millions of dollars		2008		2007		2006
Interest revenue
Loan interest, including fees	$	62,336	$	63,201	$	52,086
Deposits with banks		3,119		3,113		2,240
Federal funds sold and securities purchased under agreements to resell		9,175		18,354		14,199
Investments, including dividends		10,718		13,423		10,340
Trading account assets ⁽¹⁾		17,489		18,507		11,865
Other interest		3,818		4,831		2,881
Total interest revenue	$	106,655	$	121,429	$	93,611
Interest expense
Deposits	$	20,271	$	28,402	$	21,336
Federal funds purchased and securities loaned or sold under agreements to repurchase		11,330		23,028		17,448
Trading account liabilities ⁽¹⁾		1,277		1,440		1,119
Short-term borrowings		4,039		7,071		4,632
Long-term debt		16,046		16,110		11,148
Total interest expense	$	52,963	$	76,051	$	55,683
Net interest revenue	$	53,692	$	45,378	$	37,928
Provision for loan losses		33,674	$	16,832	$	6,320
Net interest revenue after provision for loan losses	$	20,018	$	28,546	$	31,608

(1)	Interest expense on Trading account liabilities of ICG is reported as a reduction of interest revenue from Trading account assets.

5. INTEREST REVENUE AND EXPENSE

For the years ended December 31, 2008, 2007 and 2006, respectively, interest revenue and expense consisted of the following:


In millions of dollars		2008		2007		2006
Interest revenue
Loan interest, including fees	$	62,336	$	63,201	$	52,086
Deposits with banks		3,119		3,113		2,240
Federal funds sold and securities purchased under agreements to resell		9,175		18,354		14,199
Investments, including dividends		10,718		13,423		10,340
Trading account assets ⁽¹⁾		17,489		18,507		11,865
Other interest		3,818		4,831		2,881
Total interest revenue	$	106,655	$	121,429	$	93,611
Interest expense
Deposits	$	20,271	$	28,402	$	21,336
Federal funds purchased and securities loaned or sold under agreements to repurchase		11,330		23,028		17,448
Trading account liabilities ⁽¹⁾		1,277		1,440		1,119
Short-term borrowings		4,039		7,071		4,632
Long-term debt		16,046		16,110		11,148
Total interest expense	$	52,963	$	76,051	$	55,683
Net interest revenue	$	53,692	$	45,378	$	37,928
Provision for loan losses		33,674	$	16,832	$	6,320
Net interest revenue after provision for loan losses	$	20,018	$	28,546	$	31,608

(1)	Interest expense on Trading account liabilities of ICG is reported as a reduction of interest revenue from Trading account assets.