RBS 2011 Annual Report Download - page 179

RBS Group 2011 177
The table below analyses debt securities by issuer and measurement classification. The categorisation of debt securities has been revised to include
asset-backed securities (ABS) by class of issuer. The main changes are to US central and local government which includes US federal agencies, and
financial institutions which now includes US government sponsored agencies and securitisation entities. 2010 data are presented on the revised basis.
Central and local government
UK US Other
Banks
Other
financial
institutions Corporate Total
Of which
ABS
2011 £m £m £m £m £m £m £m £m
Held-for-trading (HFT) 9,004 19,636 36,928 3,400 23,160 2,948 95,076 20,816
Designated as at fair value through profit or loss 1 — 127 53 457 9 647 558
Available-for-sale 13,436 20,848 25,552 13,175 31,752 2,535 107,298 40,735
Loans and receivables 10 — 1 312 5,259 477 6,059 5,200
22,451 40,484 62,608 16,940 60,628 5,969 209,080 67,309
Total of which US agencies — 4,896 — — 25,924 — 30,820 28,558
Short positions (HFT) (3,098) (10,661) (19,136) (2,556) (2,854) (754) (39,059) (352)
Available-for-sale
Gross unrealised gains 1,428 1,311 1,180 52 913 94 4,978 1,001
Gross unrealised losses — — (171) (838) (2,386) (13) (3,408) (3,158)
2010
Held-for-trading 5,097 15,648 42,828 5,486 23,711 6,099 98,869 21,988
Designated as at fair value through profit or loss 1117 262 4 8 10 402 119
Available-for-sale 8,377 22,244 32,865 16,982 29,148 1,514 111,130 42,515
Loans and receivables 11 — — 1 6,686 381 7,079 6,203
13,486 38,009 75,955 22,473 59,553 8,004 217,480 70,825
Total of which US agencies —6,811 — — 21,686 — 28,497 25,375
Short positions (HFT) (4,200) (10,943) (18,913) (1,844) (3,356) (1,761) (41,017) (1,335)
Available-for-sale
Gross unrealised gains 349 525 700 143 827 51 2,595 1,057
Gross unrealised losses (10) (2) (618) (786) (2,626) (55) (4,097) (3,396)
Key points
xHeld-for-trading debt securities decreased by £3.8 billion during the
year due to a reduction in trading volumes. The reduction in
sovereign exposures in the eurozone and other countries, in
response to the current economic environment, was offset by an
increase in US and UK government bonds.
xThe Group’s AFS portfolio decreased by £3.8 billion. UK
government bonds increased by £5.1 billion, principally in the Group
Treasury portfolio.