RBS 2012 Annual Report Download - page 149

RBS GROUP 2012
147
Liquidity
Liquidity portfolio
The table below analyses the Group’s liquidity portfolio by product and between the UK Defined Liquidity Group (UK DLG), RBS Citizens Financial
Group Inc. (CFG) and other subsidiaries, by liquidity value. Liquidity value is lower than carrying value principally as it is stated after the discounts
applied by the Bank of England and other central banks to loans, within secondary liquidity portfolio, eligible for discounting.
Liquidity value
Period end
UK DLG (1)CFG Other Total Average*
2012 £m £m £m £m £m
Cash and balances at central banks 64,822 8914,396 70,109 81,768
Central and local government bonds
AAA rated governments and US agencies 3,984 5,354 547 9,885 18,832
AA- to AA+ rated governments (2) 9,189 — 432 9,621 9,300
governments rated below AA — — 206 206 596
local government — — 979 979 2,244
13,173 5,354 2,164 20,691 30,972
Treasury bills 750 —— 750 202
Primary liquidity 78,745 6,245 6,560 91,550 112,942
Other assets (3)
AAA rated 3,396 7,373 203 10,972 17,304
below AAA rated and other high quality assets 44,090 — 557 44,647 24,674
Secondary liquidity 47,486 7,373 760 55,619 41,978
Total liquidity portfolio 126,231 13,618 7,320 147,169 154,920
Carrying value 157,574 20,524 9,844 187,942
2011
Cash and balances at central banks 55,100 1,40613,426 69,932 74,711
Central and local government bonds
AAA rated governments and US agencies 22,563 7,044 25 29,632 37,947
AA- to AA+ rated governments (2) 14,102 —— 14,102 3,074
governments rated below AA — — 955 955 925
local government — — 4,302 4,302 4,779
36,665 7,044 5,282 48,991 46,725
Treasury bills — — — — 5,937
Primary liquidity 91,765 8,45018,708 118,923 127,373
Other assets (3)
AAA rated 17,216 4,7183,268 25,202 21,973
below AAA rated and other high quality assets 6,105 — 5,100 11,205 12,102
Secondary liquidity 23,321 4,718 8,368 36,407 34,075
Total liquidity portfolio 115,086 13,168 27,076 155,330 161,448
Carrying value 135,754 25,62432,117 193,495
For the notes to this table refer to the following page.