brokerage and asset management brokerage and asset management ( bam ) , which constituted approximately 6% ( 6 % ) of citi holdings by assets as of december 31 , 2009 , consists of citi 2019s global retail brokerage and asset management businesses .
this segment was substantially affected and reduced in size in 2009 due to the divestitures of smith barney ( to the morgan stanley smith barney joint venture ( mssb jv ) ) and nikko cordial securities .
at december 31 , 2009 , bam had approximately $ 35 billion of assets , which included $ 26 billion of assets from the 49% ( 49 % ) interest in the mssb jv ( $ 13 billion investment and $ 13 billion in loans associated with the clients of the mssb jv ) and $ 9 billion of assets from a diverse set of asset management and insurance businesses of which approximately half will be transferred into the latam rcb during the first quarter of 2010 , as discussed under 201cciti holdings 201d above .
morgan stanley has options to purchase citi 2019s remaining stake in the mssb jv over three years starting in 2012 .
the 2009 results include an $ 11.1 billion gain ( $ 6.7 billion after-tax ) on the sale of smith barney .
in millions of dollars 2009 2008 2007 % (  % ) change 2009 vs .
2008 % (  % ) change 2008 vs .
2007 .

In millions of dollars
2009
2008
2007
% Change 2009 vs. 2008
% Change 2008 vs. 2007
Net interest revenue
$432
$1,224
$908
(65)%
35%
Non-interest revenue
14,703
7,199
9,751
NM
(26)
Total revenues, net of interest expense
$15,135
$8,423
$10,659
80%
(21)%
Total operating expenses
$3,350
$9,236
$7,960
(64)%
16%
Net credit losses
$3
$10
$—
(70)%
—
Credit reserve build/(release)
36
8
4
NM
100%
Provision for unfunded lending commitments
(5)
—
—
—
—
Provision for benefits and claims
$155
$205
$154
(24)%
33%
Provisions for loan losses and for benefits and claims
$189
$223
$158
(15)%
41%
Income (loss) from continuing operations before taxes
$11,596
$(1,036)
$2,541
NM
NM
Income taxes (benefits)
4,489
(272)
834
NM
NM
Income (loss) from continuing operations
$7,107
$(764)
$1,707
NM
NM
Net income (loss) attributable to noncontrolling interests
12
(179)
35
NM
NM
Net income (loss)
$7,095
$(585)
$1,672
NM
NM
EOP assets(in billions of dollars)
$35
$58
$56
(40)%
4%
EOP deposits(in billions of dollars)
60
58
46
3
26

nm not meaningful 2009 vs .
2008 revenues , net of interest expense increased 80% ( 80 % ) versus the prior year mainly driven by the $ 11.1 billion pretax gain on the sale ( $ 6.7 billion after-tax ) on the mssb jv transaction in the second quarter of 2009 and a $ 320 million pretax gain on the sale of the managed futures business to the mssb jv in the third quarter of 2009 .
excluding these gains , revenue decreased primarily due to the absence of smith barney from may 2009 onwards and the absence of fourth-quarter revenue of nikko asset management , partially offset by an improvement in marks in retail alternative investments .
revenues in the prior year include a $ 347 million pretax gain on sale of citistreet and charges related to the settlement of auction rate securities of $ 393 million pretax .
operating expenses decreased 64% ( 64 % ) from the prior year , mainly driven by the absence of smith barney and nikko asset management expenses , re- engineering efforts and the absence of 2008 one-time expenses ( $ 0.9 billion intangible impairment , $ 0.2 billion of restructuring and $ 0.5 billion of write- downs and other charges ) .
provisions for loan losses and for benefits and claims decreased 15% ( 15 % ) mainly reflecting a $ 50 million decrease in provision for benefits and claims , partially offset by increased reserve builds of $ 28 million .
assets decreased 40% ( 40 % ) versus the prior year , mostly driven by the sales of nikko cordial securities and nikko asset management ( $ 25 billion ) and the managed futures business ( $ 1.4 billion ) , partially offset by increased smith barney assets of $ 4 billion .
2008 vs .
2007 revenues , net of interest expense decreased 21% ( 21 % ) from the prior year primarily due to lower transactional and investment revenues in smith barney , lower revenues in nikko asset management and higher markdowns in retail alternative investments .
operating expenses increased 16% ( 16 % ) versus the prior year , mainly driven by a $ 0.9 billion intangible impairment in nikko asset management in the fourth quarter of 2008 , $ 0.2 billion of restructuring charges and $ 0.5 billion of write-downs and other charges .
provisions for loan losses and for benefits and claims increased $ 65 million compared to the prior year , mainly due to a $ 52 million increase in provisions for benefits and claims .
assets increased 4% ( 4 % ) versus the prior year. .

Question: Analyse this data from a financial earnings document. as a percent of total revenues net of interest expense what was non-interest revenue in 2009?
Choices:
-0.97146
2.04237
2.91437
0.97146
1.02938
Correct choice index: 3