C » Topics » Other Assets

This excerpt taken from the C 8-K filed Oct 13, 2009.
Other assets includes, among other items, loans held-for-sale, deferred tax assets, equity-method investments, interest and fees receivable, premises and equipment, end-user derivatives in a net receivable position, repossessed assets, and other receivables.

 

Other liabilities includes, among other items, accrued expenses and other payables, deferred tax liabilities, minority interest, end-user derivatives in a net payable position, and reserves for legal, taxes, restructuring, unfunded lending commitments, and other matters.

 

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

Other Assets

Other assets are composed of cash and due from banks, deposits with banks, brokerage receivables, goodwill, intangibles, and various other assets.

During 2008, other assets increased $58 billion, or 15%, due to the $101 billion increase in deposits with banks and the $31 billion increase in the deferred tax asset. These increases were offset by the following decreases:

 

 

$41 billion related to loans held-for-sale as they were reclassed to loans held-for-investment (for further discussion, see “Reclassification of Financial Assets” on page 87);

 

$17 billion in goodwill and intangibles, driven by the impairment of goodwill and intangibles, foreign exchange translation and the decrease in the fair value of the MSR;

 

$13 billion in brokerage receivables; and

 

$3 billion in various other assets.

For further information regarding goodwill and intangibles, see Note 19 to the Consolidated Financial Statements on page 165. For further discussion on brokerage receivables, see Note 14 to the Consolidated Financial Statements on page 156.

Other Assets

Other assets are composed of cash and due from banks, deposits with banks, brokerage receivables, goodwill, intangibles, and various other assets.

During 2008, other assets increased $58 billion, or 15%, due to the $101 billion increase in deposits with banks and the $31 billion increase in the deferred tax asset. These increases were offset by the following decreases:

 

 

$41 billion related to loans held-for-sale as they were reclassed to loans held-for-investment (for further discussion, see “Reclassification of Financial Assets” on page 87);

 

$17 billion in goodwill and intangibles, driven by the impairment of goodwill and intangibles, foreign exchange translation and the decrease in the fair value of the MSR;

 

$13 billion in brokerage receivables; and

 

$3 billion in various other assets.

For further information regarding goodwill and intangibles, see Note 19 to the Consolidated Financial Statements on page 165. For further discussion on brokerage receivables, see Note 14 to the Consolidated Financial Statements on page 156.

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

Other Assets

Other assets are composed of cash and due from banks, deposits with banks, brokerage receivables, goodwill, intangibles, and various other assets.

Other assets increased $135 billion, or 51%, due to the following increases:

 

 

$35 billion related to loans held-for-sale;

 

$27 billion in deposits with banks, including $12 billion related to the consolidation of the Citi-advised SIVs;

 

$15 billion in goodwill and intangibles, driven by acquisitions and foreign currency translation;

 

$13 billion in brokerage receivables;

 

$12 billion in cash and due from banks; and

 

$33 billion in various other assets.

For further information regarding goodwill and intangibles, see Note 19 to the Consolidated Financial Statements on page 147. For further discussion on brokerage receivables, see Note 14 to the Consolidated Financial Statements on page 142.

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