Send us Feedback

Citigroup (C)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

C » Topics » Managed Loans

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

Managed Loans

        After securitization of credit card receivables, the Company continues to maintain credit card customer account relationships and provides servicing for receivables transferred to the trusts. As a result, the Company considers the securitized credit card receivables to be part of the business it manages.

        The following tables present a reconciliation between the managed basis and on-balance sheet credit card portfolios and the related delinquencies (loans which are 90 days or more past due) and credit losses, net of recoveries.

In millions of dollars, except loans in billions   March 31,
2009 		  December 31,
2008 		 
Loan amounts, at period end              
On balance sheet   $ 75.2   $ 87.5  
Securitized amounts     106.0     105.9  
Loans held-for-sale     —     —  
           
Total managed loans   $ 181.2   $ 193.4  
           
Delinquencies, at period end              
On balance sheet   $ 2,583   $ 2,490  
Securitized amounts     3,138     2,655  
Loans held-for-sale     —     —  
           
Total managed delinquencies   $ 5,721   $ 5,145  
           

 

Credit losses, net of recoveries, for the quarter ended March 31,   2009   2008  
On balance sheet   $ 1,943   $ 1,248  
Securitized amounts     2,549     1,591  
Loans held-for-sale     —     —  
           
Total managed   $ 4,492   $ 2,839  
           
These excerpts taken from the C 10-K filed Feb 27, 2009.

Managed Loans

After securitization of credit card receivables, the Company continues to maintain credit card customer account relationships and provides servicing for receivables transferred to the trusts. As a result, the Company considers the securitized credit card receivables to be part of the business it manages.

The following tables present a reconciliation between the managed basis and on-balance sheet credit card portfolios and the related delinquencies (loans which are 90 days or more past due) and credit losses, net of recoveries.


 

179

Table of Contents

 

In millions of dollars, except loans in billions   2008    2007

Loan amounts, at year end

     

On balance sheet

   $ 87.5    $ 93.5

Securitized amounts(1)

     105.9      108.1

Loans held-for-sale

     —      1.0

Total managed loans

   $ 193.4    $ 202.6

Delinquencies, at year end

     

On balance sheet

   $ 2,490    $ 1,929

Securitized amounts

     2,655      1,864

Loans held-for-sale

     —      14

Total managed delinquencies

   $ 5,145    $ 3,807

 

Credit losses, net of recoveries,

for the year ended December 31,

   2008    2007    2006

On balance sheet

   $ 5,918    $ 3,877    $ 3,208

Securitized amounts

     7,407      4,728      3,986

Loans held-for-sale

     —      —      5

Total managed

   $ 13,325    $ 8,605    $ 7,199

 

(1) Includes $1.2 billion in interest and fee receivables.

Managed Loans

After securitization of credit card receivables, the Company continues to maintain credit card customer account relationships and provides servicing for receivables transferred to the trusts. As a result, the Company considers the securitized credit card receivables to be part of the business it manages.

The following tables present a reconciliation between the managed basis and on-balance sheet credit card portfolios and the related delinquencies (loans which are 90 days or more past due) and credit losses, net of recoveries.


 

179

Table of Contents

 

In millions of dollars, except loans in billions   2008    2007

Loan amounts, at year end

     

On balance sheet

   $ 87.5    $ 93.5

Securitized amounts(1)

     105.9      108.1

Loans held-for-sale

     —      1.0

Total managed loans

   $ 193.4    $ 202.6

Delinquencies, at year end

     

On balance sheet

   $ 2,490    $ 1,929

Securitized amounts

     2,655      1,864

Loans held-for-sale

     —      14

Total managed delinquencies

   $ 5,145    $ 3,807

 

Credit losses, net of recoveries,

for the year ended December 31,

   2008    2007    2006

On balance sheet

   $ 5,918    $ 3,877    $ 3,208

Securitized amounts

     7,407      4,728      3,986

Loans held-for-sale

     —      —      5

Total managed

   $ 13,325    $ 8,605    $ 7,199

 

(1) Includes $1.2 billion in interest and fee receivables.
This excerpt taken from the C 10-Q filed Oct 31, 2008.

Managed Loans

        After securitization of credit card receivables, the Company continues to maintain credit card customer account relationships and provides servicing for receivables transferred to the trusts. As a result, the Company considers the securitized credit card receivables to be part of the business it manages.

        The following tables present a reconciliation between the managed basis and on-balance sheet credit card portfolios and the related delinquencies (loans which are 90 days or more past due) and credit losses, net of recoveries.

In millions of dollars, except loans in billions   Sept. 30, 2008   Dec. 31, 2007  

Loan amounts, at period end

              

On balance sheet

   $ 89.4   $ 94.1  

Securitized amounts

     107.9     108.1  

Loans held-for-sale

     —     1.0  
           

Total managed loans

   $ 197.3   $ 203.2  
           

Delinquencies, at period end

              

On balance sheet

   $ 2,136   $ 1,937  

Securitized amounts

     2,248     1,864  

Loans held-for-sale

     —     14  
           

Total managed delinquencies

   $ 4,384   $ 3,815  
           

 

Credit losses, net of recoveries, for the three months ended September 30,   2008   2007  

On balance sheet

   $ 1,588   $ 1,045  

Securitized amounts

     1,935     1,198  

Loans held-for-sale

     —     —  
           

Total managed

   $ 3,523   $ 2,243  
           

 

Credit losses, net of recoveries, for the nine months ended September 30,   2008   2007  

On balance sheet

   $ 4,248   $ 2,757  

Securitized amounts

     5,292     3,506  

Loans held-for-sale

     —     —  
           

Total managed

   $ 9,540   $ 6,263  
           
This excerpt taken from the C 10-Q filed Aug 1, 2008.

Managed Loans

        After securitization of credit card receivables, the Company continues to maintain credit card customer account relationships and provides servicing for receivables transferred to the trusts. As a result, the Company considers the securitized credit card receivables to be part of the business it manages.

        The following tables present a reconciliation between the managed basis and on-balance sheet credit card portfolios and the related delinquencies (loans which are 90 days or more past due) and credit losses, net of recoveries.

In millions of dollars, except loans in billions
   Jun. 30,
2008
   Dec. 31,
2007
Loan amounts, at period end            
On balance sheet   $ 90.8   $ 94.1
Securitized amounts     111.0     108.1
Loans held-for-sale     —     1.0
   
 
Total managed loans   $ 201.8   $ 203.2
   
 

Delinquencies, at period end
 
 
 
 
 
 
On balance sheet   $ 2,105   $ 1,937
Securitized amounts     2,163     1,864
Loans held-for-sale     —     14
   
 
Total managed delinquencies   $ 4,268   $ 3,815
   
 
 
Credit losses, net of recoveries, for the three months ended June 30,
   2008
   2007
On balance sheet   $ 1,417   $ 850
Securitized amounts     1,766     1,158
Loans held-for-sale     —     —
   
 
Total managed   $ 3,183   $ 2,008
   
 
 
Credit losses, net of recoveries, for the six months ended June 30,
   2008
   2007
On balance sheet   $ 2,669   $ 1,720
Securitized amounts     3,357     2,308
Loans held-for-sale     —     —
   
 
Total managed   $ 6,026   $ 4,028
   
 
This excerpt taken from the C 10-Q filed May 2, 2008.

Managed Loans

        After securitization of credit card receivables, the Company continues to maintain credit card customer account relationships and provides servicing for receivables transferred to the trusts. As a result, the Company considers the securitized credit card receivables to be part of the business it manages.

81

        The following tables present a reconciliation between the managed basis and on-balance sheet credit card portfolios and the related delinquencies (loans which are 90 days or more past due) and credit losses, net of recoveries.

In millions of dollars, except loans in billions
   Mar. 31,
2008
   Dec. 31,
2007
Loan amounts, at period end            
On balance sheet   $ 83.7   $ 88.5
Securitized amounts     109.3     108.1
Loans held-for-sale     0.9     1.0
   
 
Total managed loans   $ 193.9   $ 197.6
   
 
Delinquencies, at period end            
On balance sheet   $ 1,792   $ 1,820
Securitized amounts     2,113     1,864
Loans held-for-sale     14     14
   
 
Total managed delinquencies   $ 3,919   $ 3,698
   
 
 
Credit losses, net of recoveries, for the quarter ended March 31,
   2008
   2007
On balance sheet   $ 1,178   $ 823
Securitized amounts     1,590     1,150
Loans held-for-sale     —     —
   
 
Total managed   $ 2,768   $ 1,973
   
 
This excerpt taken from the C 10-K filed Feb 22, 2008.

Managed Loans

After securitization of credit card receivables, the Company continues to maintain credit card customer account relationships and provides servicing for receivables transferred to the trusts. As a result, the Company considers the securitized credit card receivables to be part of the business it manages.

The following tables present a reconciliation between the managed basis and on-balance sheet credit card portfolios and the related delinquencies (loans which are 90 days or more past due) and credit losses, net of recoveries.

 

In millions of dollars, except loans in billions   2007    2006

Loan amounts, at year end

     

On balance sheet

   $ 88.5    $ 75.5

Securitized amounts

     108.1      99.5

Loans held-for-sale

     1.0      —

Total managed loans

   $ 197.6    $ 175.0

Delinquencies, at year end

     

On balance sheet

   $ 1,820    $ 1,427

Securitized amounts

     1,864      1,616

Loans held-for-sale

     14      —

Total managed delinquencies

   $ 3,698    $ 3,043

 

Credit losses, net of recoveries,

for the year ended December 31,

   2007    2006    2005

On balance sheet

   $ 3,678    $ 3,088    $ 3,404

Securitized amounts

     4,752      3,985      5,326

Loans held-for-sale

     —      5      28

Total managed

   $ 8,430    $ 7,078    $ 8,758

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-K (2 sections)
Feb 27, 2009
10-Q
Oct 31, 2008
10-Q
Aug 1, 2008
10-Q
May 2, 2008
10-K
Feb 22, 2008

RELATED TOPICS for C:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki