Calculate the Tier 1 capital ratio. Is the bank adequately capitalized? (Notes: Refer to the Basel tables. Ignore off-balance sheet items. Assume 100% weight in cases where you need a more information about credit quality. Assume 50% weight on mortgages. Trust preferred securities count as Tier 1 capital.)
The folle wang table summar s the finana al tructure of each ofthe Company's subsidiary trust at Iecember 31, Junior subordinated debentures owned by trust Trust securities with distributions uaranteed by Common shares Issuance Securities Liquidation Coupon issued date ssued rate o parent Amount $ 200 7625% Dec. 1,2038 Ndt redeemable July 31, 2031 200,000 uly 2001 6,000,000 Sep 2001 56,000,000 Feb. 2003 44,000,000 Sept. 2003 20,000,000 Sept. 2004 24,000,000 une 2006 22,600,000 Sept. 2008 47,400,000 Nov. 2006 64,000,000 Mar. 2007 4000,000 June 2007 1.150 7.125% 1.422,681 1,186 1.400 1,100 group Captal W 6950% 6000% 1.731 .959 1,360,825 1.443 1,134 Sept. 15.2031 S4.17, 2006 Feb. 13, 2008 Feb. 14, 2033 asgroup Captal X 500 6.100% 618557 515 Sept. 30, 2033 S4.30. 2008 600 6000% 742289 619 Sept. 27,2034 S4.27. 2009 5 Odgroup Captal XV 6875% 566 June 30,2066 une 30, 201 asgroup Capital X 1,185 6500% 40,000 1,186 Sept. 15,2066 Sept 15, 2011 ogroup Captal XW Osgroup Captal X sgroup Capital XWill gopCaptal X0X group Captal X agroup Capital xo Odgroup Captal X0X 1601Dec.31,2066 20,000 10 M. 15, 2067 50 1004 une 28, 2067 1226 Aug. 15,2067 88 Dec. 15, 2067 00 3501 Dec.21,2077 1.100 6350% 1,004 6829% une 28, 2017 ug 15, 2012 Dec. 15, 2012 1,225 7250% 0 Nov.2007 31500,000 Dec.2007 3,500,000 Nov.2007185.000 Nov.2007185.000 Nov.2007185.000 Nov.2007185.000 788 7875% 3.500 8.300% 1,875 6320% asgoup Captal asgoup Capital 6.700% 6935% 0 1875 Sept. 15,2041 Sept 15, 2013 Mar. 15, 2014 0 1875 Sept. 15,2042 Sep 15, 2014 10 1875 Ma. 15,2042 1.875 18 +335 bp 25 +325 bp 0 +295 bp 18 Jan 07,2033 dam Capta Trust dam Stabuory Trust ll dam Statory Trust V Dec.2002 Dec.2002 Sept. 2003 26 Dec. 25, 2032 Dec. 26, 2007 Sept. 17,2033 Set 17, 2008 35 Total obligated $23,697 Represents heprocsds recelved from tie Trust at the date ofn In each case, the coupan rate on the debentures is the same as thaton he trust securities. Distrbutions on the trust securities and interest on the debentures are payable quarerly, exceptfor Citigroup Capital 111 and Citigroup Capital XVIII, on which distrbutions are payable semiannually On Fbruary 15, 2007, tigroup redeemad for cash all f the $300 million Trust Preferred Securities ofCticorp Capital I , $450 million of Citicorp Capital, and $400 millin Ctigroup Capital II at the redenption priae of $1,000 per prderred security plus any accrued During 2007, Citigroup issued $1.1 billion, $1.004billion, $1.225 billin, dtrbution up to but excluding the date of redenption. 788 million, $3.5 billion and $7.5billion related to the Enhanced Trust Preferred Securities f Citigroup Capital XVII, XVII, XIx, XX, XXI, and XXIX-XXXII (ADIA) respetively On April 23, 2007, Citigroup redeemed for cash all of the $22 million Trust Preferred Securities d Adam Capital Trust II at the redemption price of $1,000 per prderred security plus any accrued distributions up to but On March 18, 2007 and March 26, 2007, Citigroup redeemed for cash all df the $23 million and $25 millikn Trust Prferred Securities da Statutory Trust and Adam Statutory Trust II, nspedively, at the redemption pr ice o $1,000 per preferred security plus any accrued distributions up to butexduding the date f redemption. eding the date d redemptian Please note that Capital Securities XXIX-XXXII that arepart o the lUpper DECS equiy units sold in a privake placement to Nbu Dhabi Investment Authority have been included in this table 152 CONSOLIDATED BALANCE SHEET December 31 2007 2006 Cash and due from banks Ancluding segregated cash and oher deposits Deposts wih tanks Federal tunds sold and secuittles borrowed or purchssed under agreements to rasell Including $84,305 at alr aet December 31, 2007 Brokerage recelvables Trading account saets (rclucing $157,221 and $125,231 pledged to credtors at Dacamber 31, 2007 and December 31, 2006, respectively nvestments (ncluding $21,449 and $16,355 pledged to credtors at December 31, 2007 and December 31, 2008, raspectvety Loans, net of uneamed Income $ 38.206 26,514 282,817 44,445 393,925 215,000 512,921 $3,727 and $384 3t December 31,2007 and December 31, 2006 at fa Loana, net of uneamed Income $ 777,993 679,192 llowance for lan losses Total loans, net Goodwll mangible asset ncludng S8.380 at talr value . December 31 , 200 ther asse Total 3ssets 761,876 S 670,252 33,415 15,901 100,938 41,204 $9,802 at tair value at Dacember 31,200 $2187,631 S1,884,318 Non-Interest-bearing depasits ih LI.S. offices terest-bearing deposts in U.S.offices Oncluding $1,33 and$368 at December 31,2007 and Dacember 31, 2006, respecitvely, at tair value Non-Interest-bearing depasits ih ofices outside the us $ 40,859 38,615 196,002 5,149 443,275 226,198 n ofices ouislde the us $2,261 and $472 at Decermber 31,2007 and Decemiber 3 t ah 516,838 Total depasts Federal tunds purchased and securides loaned or soid under agreements to repurchsse Including $199,854 at fair value at December 31, 200 Brokerage payables Trading account lablties Short-term borowings Including $13,487 and $2,012 at December 31,2007 and December 31, 2006,respectively, at talr vallue Long-term dect (ncluding $T9.312 and $9,439 at December 31, 2007 and December 31, 2006, respectvely at tar alu ther labiltes 826 230 712,041 304243 349,235 85,119 45,887 100,833 288,494 84951 427,112 $1,568 at fair value at December 31 82,92 Stockholders' equity Preferred stock ($1.00 par value authortned shares30 millo, at aggragate Iquidadon value Common stock (30.01 par value, authortved shares: 15 Elon,sued shares: 2007 and 2006 6,477 416,086 shares ddtional paid-In capital etalned earnings Tressury sock, at cost: 2007-482 834568 shares and 2006 55,422,301 shares ccumulated oner comprehensiwe Income (oss Total stockholders' equlty -S 1,000 18,253 (21,724) 25,092) 113,598 S 119,783 $2,187,631 S1884,318 65 18.007 121,920 The folle wang table summar s the finana al tructure of each ofthe Company's subsidiary trust at Iecember 31, Junior subordinated debentures owned by trust Trust securities with distributions uaranteed by Common shares Issuance Securities Liquidation Coupon issued date ssued rate o parent Amount $ 200 7625% Dec. 1,2038 Ndt redeemable July 31, 2031 200,000 uly 2001 6,000,000 Sep 2001 56,000,000 Feb. 2003 44,000,000 Sept. 2003 20,000,000 Sept. 2004 24,000,000 une 2006 22,600,000 Sept. 2008 47,400,000 Nov. 2006 64,000,000 Mar. 2007 4000,000 June 2007 1.150 7.125% 1.422,681 1,186 1.400 1,100 group Captal W 6950% 6000% 1.731 .959 1,360,825 1.443 1,134 Sept. 15.2031 S4.17, 2006 Feb. 13, 2008 Feb. 14, 2033 asgroup Captal X 500 6.100% 618557 515 Sept. 30, 2033 S4.30. 2008 600 6000% 742289 619 Sept. 27,2034 S4.27. 2009 5 Odgroup Captal XV 6875% 566 June 30,2066 une 30, 201 asgroup Capital X 1,185 6500% 40,000 1,186 Sept. 15,2066 Sept 15, 2011 ogroup Captal XW Osgroup Captal X sgroup Capital XWill gopCaptal X0X group Captal X agroup Capital xo Odgroup Captal X0X 1601Dec.31,2066 20,000 10 M. 15, 2067 50 1004 une 28, 2067 1226 Aug. 15,2067 88 Dec. 15, 2067 00 3501 Dec.21,2077 1.100 6350% 1,004 6829% une 28, 2017 ug 15, 2012 Dec. 15, 2012 1,225 7250% 0 Nov.2007 31500,000 Dec.2007 3,500,000 Nov.2007185.000 Nov.2007185.000 Nov.2007185.000 Nov.2007185.000 788 7875% 3.500 8.300% 1,875 6320% asgoup Captal asgoup Capital 6.700% 6935% 0 1875 Sept. 15,2041 Sept 15, 2013 Mar. 15, 2014 0 1875 Sept. 15,2042 Sep 15, 2014 10 1875 Ma. 15,2042 1.875 18 +335 bp 25 +325 bp 0 +295 bp 18 Jan 07,2033 dam Capta Trust dam Stabuory Trust ll dam Statory Trust V Dec.2002 Dec.2002 Sept. 2003 26 Dec. 25, 2032 Dec. 26, 2007 Sept. 17,2033 Set 17, 2008 35 Total obligated $23,697 Represents heprocsds recelved from tie Trust at the date ofn In each case, the coupan rate on the debentures is the same as thaton he trust securities. Distrbutions on the trust securities and interest on the debentures are payable quarerly, exceptfor Citigroup Capital 111 and Citigroup Capital XVIII, on which distrbutions are payable semiannually On Fbruary 15, 2007, tigroup redeemad for cash all f the $300 million Trust Preferred Securities ofCticorp Capital I , $450 million of Citicorp Capital, and $400 millin Ctigroup Capital II at the redenption priae of $1,000 per prderred security plus any accrued During 2007, Citigroup issued $1.1 billion, $1.004billion, $1.225 billin, dtrbution up to but excluding the date of redenption. 788 million, $3.5 billion and $7.5billion related to the Enhanced Trust Preferred Securities f Citigroup Capital XVII, XVII, XIx, XX, XXI, and XXIX-XXXII (ADIA) respetively On April 23, 2007, Citigroup redeemed for cash all of the $22 million Trust Preferred Securities d Adam Capital Trust II at the redemption price of $1,000 per prderred security plus any accrued distributions up to but On March 18, 2007 and March 26, 2007, Citigroup redeemed for cash all df the $23 million and $25 millikn Trust Prferred Securities da Statutory Trust and Adam Statutory Trust II, nspedively, at the redemption pr ice o $1,000 per preferred security plus any accrued distributions up to butexduding the date f redemption. eding the date d redemptian Please note that Capital Securities XXIX-XXXII that arepart o the lUpper DECS equiy units sold in a privake placement to Nbu Dhabi Investment Authority have been included in this table 152 CONSOLIDATED BALANCE SHEET December 31 2007 2006 Cash and due from banks Ancluding segregated cash and oher deposits Deposts wih tanks Federal tunds sold and secuittles borrowed or purchssed under agreements to rasell Including $84,305 at alr aet December 31, 2007 Brokerage recelvables Trading account saets (rclucing $157,221 and $125,231 pledged to credtors at Dacamber 31, 2007 and December 31, 2006, respectively nvestments (ncluding $21,449 and $16,355 pledged to credtors at December 31, 2007 and December 31, 2008, raspectvety Loans, net of uneamed Income $ 38.206 26,514 282,817 44,445 393,925 215,000 512,921 $3,727 and $384 3t December 31,2007 and December 31, 2006 at fa Loana, net of uneamed Income $ 777,993 679,192 llowance for lan losses Total loans, net Goodwll mangible asset ncludng S8.380 at talr value . December 31 , 200 ther asse Total 3ssets 761,876 S 670,252 33,415 15,901 100,938 41,204 $9,802 at tair value at Dacember 31,200 $2187,631 S1,884,318 Non-Interest-bearing depasits ih LI.S. offices terest-bearing deposts in U.S.offices Oncluding $1,33 and$368 at December 31,2007 and Dacember 31, 2006, respecitvely, at tair value Non-Interest-bearing depasits ih ofices outside the us $ 40,859 38,615 196,002 5,149 443,275 226,198 n ofices ouislde the us $2,261 and $472 at Decermber 31,2007 and Decemiber 3 t ah 516,838 Total depasts Federal tunds purchased and securides loaned or soid under agreements to repurchsse Including $199,854 at fair value at December 31, 200 Brokerage payables Trading account lablties Short-term borowings Including $13,487 and $2,012 at December 31,2007 and December 31, 2006,respectively, at talr vallue Long-term dect (ncluding $T9.312 and $9,439 at December 31, 2007 and December 31, 2006, respectvely at tar alu ther labiltes 826 230 712,041 304243 349,235 85,119 45,887 100,833 288,494 84951 427,112 $1,568 at fair value at December 31 82,92 Stockholders' equity Preferred stock ($1.00 par value authortned shares30 millo, at aggragate Iquidadon value Common stock (30.01 par value, authortved shares: 15 Elon,sued shares: 2007 and 2006 6,477 416,086 shares ddtional paid-In capital etalned earnings Tressury sock, at cost: 2007-482 834568 shares and 2006 55,422,301 shares ccumulated oner comprehensiwe Income (oss Total stockholders' equlty -S 1,000 18,253 (21,724) 25,092) 113,598 S 119,783 $2,187,631 S1884,318 65 18.007 121,920
