8-K

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 18, 2011

Citigroup Inc.

(Exact name of Registrant as specified in its charter)

Delaware	1-9924	52-1568099
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

399 Park Avenue, New York,
New York (Address of principal executive offices)
10043
(Zip Code)

(212) 559-1000

(Registrant’s telephone number,
including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

CITIGROUP INC.

Current Report on Form 8-K

Item 2.02  Results of Operations and Financial Condition.

On April 18, 2011, Citigroup Inc. announced its results of operations for the quarter ended March 31, 2011.  A copy of the related press release, filed as Exhibit 99.1 to this Form 8-K, is incorporated herein by reference in its entirety and shall be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended.

In addition, a copy of the Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended March 31, 2011 is being furnished as Exhibit 99.2 to this Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 9.01  Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit Number
99.1	Press Release, dated April 18, 2011, issued by Citigroup Inc.
99.2	Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended March 31, 2011.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		CITIGROUP INC.
Dated: April 18, 2011
	By:	/s/ JEFFREY R. WALSH
		Name: Jeffrey R. Walsh
		Title: Controller and Chief Accounting Officer

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EXHIBIT INDEX

Exhibit Number
99.1	Press Release, dated April 18, 2011, issued by Citigroup Inc.
99.2	Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended March 31, 2011.

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EX-99.1

Exhibit 99.1

For Immediate Release Citigroup Inc. (NYSE: C) April 18, 2011

CITIGROUP REPORTS FIRST QUARTER 2011 NET INCOME OF $3.0 BILLION,
COMPARED TO $1.3 BILLION IN THE FOURTH QUARTER 2010

EARNINGS PER SHARE OF $0.10, UP FROM $0.04 IN THE FOURTH QUARTER 2010

TANGIBLE BOOK VALUE PER SHARE(1) UP $0.24 SEQUENTIALLY TO $4.69
AND UP 15% OVER THE PRIOR YEAR

FIRST QUARTER 2011 REVENUES OF $19.7 BILLION, UP 7% SEQUENTIALLY

NET CREDIT LOSSES DECLINED 25% FROM THE FIRST QUARTER 2010

TIER 1 COMMON OF $112 BILLION, TIER 1 COMMON RATIO OF 11.3%

CITI HOLDINGS ASSETS OF $337 BILLION, DOWN 33% FROM THE FIRST QUARTER 2010

New York, April 18, 2011 — Citigroup Inc. today reported first quarter 2011 net income of $3.0 billion, or $0.10 per diluted share.  Net income declined $1.4 billion from the first quarter 2010, but more than doubled sequentially.

“After a full year of profitability, we continue to make progress in 2011 by executing our strategy with discipline. Citi Holdings losses continued to decrease; we are investing in our core businesses in Citicorp; our capital strength improved; and the mix of revenues reflects the diversity of our businesses and our depth in both the emerging and developed markets,” said Vikram Pandit, Chief Executive Officer of Citigroup.

Citigroup revenues in the first quarter 2011 were $19.7 billion, up 7% sequentially, but down 22% from the first quarter 2010.  Citicorp revenues of $16.5 billion were 16% higher sequentially, but 11% lower than the prior year period.  The year over year decline was mainly driven by lower revenues in Fixed Income Markets and North America Regional Consumer Banking, as well as negative CVA.

Credit continued to improve during the quarter, as Citigroup net credit losses declined for the seventh consecutive quarter to $6.3 billion.  In addition, the current quarter included a net $3.3 billion release of allowance for loan losses and unfunded lending commitments.

Citi Holdings’ assets were $337 billion at the end of the first quarter 2011, down $166 billion from the first quarter 2010. Citi Holdings revenues of $3.3 billion were 50% lower than the prior year period, reflecting the continued decline in assets and the revenue impact of a $12.7 billion asset transfer from held-to-maturity (“HTM”) to trading.

In the first quarter 2011, Citigroup transferred $12.7 billion of assets in the Special Asset Pool in Citi Holdings from HTM to trading.  This transfer permits the sale of those assets, which have disproportionately higher risk-weightings under Basel III. The transfer resulted in a net $709 million pre-tax charge to revenues, from the recognition of $1.7 billion in pre-tax losses ($1.0 after-tax) which were previously reflected in accumulated other comprehensive income (AOCI), partially offset by $946 million of mark-to-market and realized gains on those assets.

(1) Tangible book value per share is a non-GAAP financial measure.  See Appendix B for additional information on this metric.

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Citi continued to improve its capital strength, with a Tier 1 Common ratio of 11.3%, book value per share of $5.85 and tangible book value per share of $4.69, each as of the end of the first quarter 2011.

“As America’s global bank, we are focused on supporting the real economy and creating opportunities for our clients to succeed.  Our sustained profitability has put us in a good position to accomplish our next goal of responsible growth,” concluded Mr. Pandit.

FIRST QUARTER 2011 KEY ITEMS:

·Citigroup net income was $3.0 billion, compared to $1.3 billion in the fourth quarter 2010 and $4.4 billion in the first quarter 2010.

·Citigroup revenues were $19.7 billion, up 7% sequentially.

·Citicorp revenues of $16.5 billion were up 16% sequentially, driven by a 70% increase in Securities and Banking.

·Citi Holdings revenues of $3.3 billion declined 17% sequentially, driven primarily by the impact of the asset transfer in Special Asset Pool.

·Citigroup revenues declined 22% year over year.

·Citicorp revenues were down 11% from the prior year period, driven by a 25% decline in Securities and Banking, partially offset by 5% growth in Transaction Services.

·Citi Holdings revenues were down 50% from the prior year period, mainly due to lower overall assets and the impact of the asset transfer in Special Asset Pool.

·Citigroup expenses of $12.3 billion were down 1% sequentially.  Expenses increased 7% year over year reflecting higher legal and related costs, the impact of foreign exchange(2), continued investment spending and increased business volumes, partially offset by productivity saves and a decline in Citi Holdings.

·Citigroup provisions for credit losses and for benefits and claims improved by $5.4 billion, or 63%, year over year to $3.2 billion.  Consumer net credit losses declined 32% from the prior year period.

·Citicorp generated 62% of its revenues and 72% of its net income from its international operations in the first quarter 2011.

·Citicorp end of period loans grew 10% year over year, with 6% growth in consumer loans and 16% growth in corporate loans.

·International Regional Consumer Banking year over year:

·Revenues of $4.6 billion, up 8%.

·Net income of $1.0 billion, up 3%.

·Net credit margin of $3.9 billion, up 16%.

·Average deposits of $163 billion, up 13%.

·Average loans of $126 billion, up 14%.

·Cards purchase sales of $29 billion, up 20%.

·Investment sales of $25 billion, up 5%.

·Citigroup’s total allowance for loan losses was $36.6 billion, or 5.79% of loans, at the end of the first quarter 2011.  The allowance for loan losses was 247% of non-accrual loans.

·Citi Holdings assets of $337 billion comprised approximately 17% of total Citigroup assets as of the end of the first quarter 2011.

·Tangible book value per share was $4.69, up $0.24 sequentially and $0.60 year over year.

(2) Refers to the impact of foreign exchange in the translation of local currency results into U.S. dollars for reporting purposes.

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FIRST QUARTER 2011 RESULTS

CITIGROUP

										$ I/(D)
(in millions of dollars, except per share amounts)	1Q’11			4Q’10			1Q’10			QoQ			YoY
Net Interest Revenue	12,224			12,806			14,561			(582		)	(2,337		)
Non-Interest Revenue	7,502			5,565			10,860			1,937			(3,358		)
Total Revenues	$	19,726		$	18,371		$	25,421		$	1,355		$	(5,695	)
Net Credit Losses	6,269			6,854			8,384			(585		)	(2,115		)
Net Release (a)	(3,345		)	(2,252		)	(53		)	(1,093		)	(3,292		)
Provision for Benefits and Claims	260			238			287			22			(27		)
Total Credit Costs	$	3,184		$	4,840		$	8,618		$	(1,656	)	$	(5,434	)
Expenses	$	12,326		$	12,471		$	11,518		$	(145	)	$	808
Income from Cont. Ops. Before Taxes	$	4,216		$	1,060		$	5,285		$	3,156		$	(1,069	)
Provision (benefit) for Income Taxes	1,185			(313		)	1,036			1,498			149
Income from Continuing Operations	$	3,031		$	1,373		$	4,249		$	1,658		$	(1,218	)
Net income (loss) from Disc. Ops.	40			98			211			(58		)	(171		)
Minority Interest	72			162			32			(90		)	40
Citigroup Net Income	$	2,999		$	1,309		$	4,428		$	1,690		$	(1,429	)
Tier 1 Capital Ratio	13.3		%	12.9		%	11.3		%
Tier 1 Common Ratio	11.3		%	10.8		%	9.1		%
Return on Common Equity	7.3		%	3.2		%	12.0		%
Book Value per Share	$	5.85		$	5.61		$	5.28
Tangible Book Value per Share	$	4.69		$	4.45		$	4.09

(a) Includes provision for unfunded lending commitments

Citigroup revenues were $19.7 billion, down $5.7 billion (-22%) from the first quarter 2010.  Net interest revenues of $12.2 billion were 16% lower than the prior year period, largely due to declining loan balances in Local Consumer Lending.  Net interest revenues also included a $245 million pre-tax charge to increase reserves related to customer refunds in Japan Consumer Finance. Non-interest revenues were $7.5 billion, down 31% from the prior year period, principally driven by lower Securities and Banking revenues, negative CVA, and the net charge resulting from the asset transfer in Special Asset Pool.

Citigroup expenses increased $808 million (7%) year over year to $12.3 billion, reflecting higher legal and related costs, the impact of foreign exchange, continued investment spending and increased business volumes, partially offset by a decline in Citi Holdings as well as productivity saves across the firm.

Citigroup total provisions for credit losses and for benefits and claims of $3.2 billion declined $5.4 billion (-63%) from the prior year period.

·Net credit losses of $6.3 billion were down $2.1 billion (-25%) from the first quarter 2010.  Consumer net credit losses declined $2.6 billion (-32%) to $5.4 billion, driven by continued improvement in credit in North America Citi-branded cards in Citicorp, and Retail Partner cards and residential real estate lending in Citi Holdings.  Corporate net credit losses increased $485 million to $849 million year over year, primarily due to higher cost of loan sales as well as losses from loans to specific counterparties for which reserves had previously been established and were released in the current quarter.

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·The net release of allowance for loan losses and unfunded lending commitments was $3.3 billion, compared to $53 million in the first quarter 2010.  The net reserve release in the current quarter consisted of $2.0 billion for consumer loans and $1.4 billion for corporate loans and unfunded lending commitments.

·The net consumer reserve release was mainly driven by Retail Partner cards and North America Citi-branded cards.  The $2.0 billion net reserve release compared to a net build of $224 million in the first quarter 2010.

·The net corporate reserve release reflected releases for the overall portfolio, as credit trends continued to improve, as well as the release of previously established reserves for specific loans that offset charge-offs taken in the current quarter.  The $1.4 billion net reserve release compared to a net release of $277 million in the first quarter 2010.

The effective tax rate on continuing operations was 28%.

Citigroup’s total allowance for loan losses was $36.6 billion at quarter-end, or 5.79% of total loans, down from $48.7 billion, or 6.80%, in the prior year period.  The improvement reflected asset sales, lower non-accrual loans, and overall improvement in credit quality in Citigroup’s loan portfolio.

·The consumer allowance for loan losses was $32.7 billion at quarter-end, down $8.7 billion from the prior year period.  The allowance for consumer loan losses was 7.47% of total consumer loans, compared to 7.84% in the first quarter 2010.

Citigroup’s non-accrual loans of $14.8 billion declined 48% from the prior year. A significant portion of the reduction was due to the recapitalization of Maltby Acquisitions Limited, the holding company that controls EMI Group Ltd., during the first quarter 2011.  The allowance for loan losses was 247% of non-accrual loans.

Citigroup end of period assets were $1.95 trillion, down 3% year over year.  Citigroup end of period deposits were $866 billion, up 5% year over year, driven by a 28% increase in non-interest bearing deposits.  Citigroup’s net interest margin was 2.91%, down from 3.34% in the first quarter 2010, reflecting a decline in loan balances and yields, and a higher reserve build related to Japan Consumer Finance.

Citigroup’s Tier 1 Capital ratio was 13.3% at quarter-end, while its Tier 1 Common ratio was 11.3%.

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CITICORP

										$ I/(D)
(in millions of dollars)	1Q’11			4Q’10			1Q’10			QoQ			YoY
Net Interest Revenue	9,506			9,733			9,870			(227		)	(364		)
Non-Interest Revenue	6,998			4,527			8,652			2,471			(1,654		)
Total Revenues	$	16,504		$	14,260		$	18,522		$	2,244		$	(2,018	)
Expenses	$	9,601		$	9,442		$	8,595		$	159		$	1,006
Net Credit Losses	2,318			2,662			3,142			(344		)	(824		)
Net Release (a)	(1,254		)	(741		)	(367		)	(513		)	(887		)
Provision for Benefits and Claims	44			42			44			2			—
Total Credit Costs	$	1,108		$	1,963		$	2,819		$	(855	)	$	(1,711	)
Net Income	$	4,084		$	2,421		$	5,068		$	1,663		$	(984	)
EOP Assets ($B)	$	1,330		$	1,284		$	1,236		$	46		$	94
EOP Loans ($B)	$	418		$	407		$	379		$	12		$	39
EOP Deposits ($B)	$	784		$	760		$	730		$	24		$	54

(a) Includes provision for unfunded lending commitments

Citicorp revenues were $16.5 billion, down $2.0 billion (-11%) from the first quarter 2010.  The revenue decline mainly reflected a 22% reduction in North America revenues, partially offset by 9% revenue growth in Latin America.  Net interest revenues of $9.5 billion declined 4% from the prior year period, principally driven by North America Regional Consumer Banking and Securities and Banking.  Non-interest revenues declined 19% to $7.0 billion, largely due to the decline in Securities and Banking revenues, including negative CVA.

Citicorp expenses of $9.6 billion grew 12% from the prior year, primarily driven by continued investment spending, the impact of foreign exchange and inflation, as well as higher legal and related costs.  Higher expenses from increased business volumes were offset by continued productivity saves.

Citicorp credit costs declined 61% year over year to $1.1 billion and included net credit losses of $2.3 billion and a $1.3 billion net release of allowance for loan losses.  Net credit losses declined $824 million (-26%), mainly driven by North America Citi-branded cards.  The net loan loss reserve release consisted of $862 million for consumer loans (principally North America Citi-branded cards) and $392 million for corporate loans.

Citicorp net income of $4.1 billion declined 19% from the prior year period, as lower revenues and increased expenses were partially offset by the improvement in credit costs. Citicorp’s international operations accounted for 72% of first quarter 2011 net income.

Citicorp end of period assets were $1.3 trillion, up 8% from the prior year period.  End of period loans increased 10% year over year to $418 billion, with 6% growth in consumer loans and 16% growth in corporate loans.

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Regional Consumer
Banking

										$ I/(D)
	1Q’11			4Q’10			1Q’10			QoQ			YoY
(in millions of dollars)
Net Interest Revenue	5,752			5,864			5,917			(112		)	(165		)
Non-Interest Revenue	2,190			2,303			2,165			(113		)	25
Total Revenues	$	7,942		$	8,167		$	8,082		$	(225	)	$	(140	)
Expenses	$	4,482		$	4,443		$	3,998		$	39		$	484
Net Credit Losses	2,108			2,528			3,040			(420		)	(932		)
Net Release (a)	(862		)	(552		)	(180		)	(310		)	(682		)
Provision for Benefits and Claims	44			42			44			2			—
Total Credit Costs	$	1,290		$	2,018		$	2,904		$	(728	)	$	(1,614	)
Net Income	$	1,547		$	1,347		$	978		$	200		$	569
(in billions of dollars)
Avg. Citi-branded Card Loans	$	110.3		$	110.6		$	112.0		$	(0.3	)	$	(1.7	)
Avg. Retail Banking Loans	121.4			115.2			109.5			6.2			11.9
Avg. Deposits	307.0			301.9			289.2			5.1			17.8
Investment Sales (Int’l Only)	25.4			23.7			24.1			1.7			1.3
Cards Purchase Sales	64.9			70.5			60.1			(5.6		)	4.8
Revenue by Region ($MM)
North America	$	3,334		$	3,556		$	3,801		$	(222	)	$	(467	)
EMEA	398			381			405			17			(7		)
LATAM	2,309			2,300			2,076			9			233
Asia	1,901			1,930			1,800			(29		)	101

(a) Includes provision for unfunded lending commitments

Regional Consumer Banking (“RCB”) revenues of $7.9 billion were 2% lower year over year. The decline was mainly driven by a decrease in North America (-12%), partially offset by 11% growth in Latin America.  RCB net interest revenues declined 3% year over year to $5.8 billion, mostly due to lower cards balances in North America, the impact of the Credit Card Accountability Responsibility and Disclosure (CARD) Act, and continued spread compression in Asia and Latin America. Non-interest revenues grew 1% to $2.2 billion, as lower mortgage revenues in North America and a $70 million charge for the anticipated repurchase of certain securities sold in Asia were offset by the impact of foreign exchange in Asia and Latin America.

·Average retail banking loans increased 11% year over year to $121.4 billion, as Latin America and Asia grew 22% and 16%, respectively.  Average deposits increased 6% to $307.0 billion, also driven by Latin America and Asia, up 15% and 13%, respectively.  Citi-branded cards average loans declined 2% year over year to $110.3 billion, as 11% and 13% growth in Latin America and Asia, respectively, was offset by lower balances in North America. Cards purchase sales grew 8% from the prior year period to $64.9 billion, with double-digit growth in Latin America, Asia and EMEA.  International investment sales increased 5% to $25.4 billion, primarily driven by Asia.

Expenses grew 12% from the prior year period to $4.5 billion, reflecting continued investment spending, the impact of foreign exchange, and higher business volumes, partially offset by productivity saves.

Net credit losses declined 31% to $2.1 billion, largely driven by improved credit in the North America Citi-branded

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cards portfolio.  The $862 million net loan loss reserve release in the current quarter was $682 million higher than the release in the prior year period, and reflected a net $649 million release in North America Citi-branded cards.

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Securities and Banking

										$ I/(D)
(in millions of dollars)	1Q’11			4Q’10			1Q’10			QoQ			YoY
Investment Banking	851			1,167			1,057			(316		)	(206		)
Lending	244			185			243			59			1
Equity Markets	1,070			596			1,213			474			(143		)
Fixed Income Markets	3,795			1,481			5,380			2,314			(1,585		)
Private Bank	515			501			494			14			21
Other Securities and Banking	(463		)	(397		)	(384		)	(66		)	(79		)
Revenues	$	6,012		$	3,533		$	8,003		$	2,479		$	(1,991	)
Expenses	$	3,802		$	3,678		$	3,437		$	124		$	365
Net Credit Losses	204			132			101			72			103
Net Release (a)	(393		)	(194		)	(169		)	(199		)	(224		)
Total Credit Costs	$	(189	)	$	(62	)	$	(68	)	$	(127	)	$	(121	)
Net Income	$	1,696		$	209		$	3,160		$	1,487		$	(1,464	)
CVA (included in revenue above)	$	(229	)	$	(1,038	)	$	285		$	809		$	(514	)
Revenue by Region
North America	$	2,328		$	1,009		$	3,553		$	1,319		$	(1,225	)
EMEA	2,059			832			2,515			1,227			(456		)
LATAM	582			728			607			(146		)	(25		)
Asia	1,043			964			1,328			79			(285		)

(a) Includes provision for unfunded lending commitments

Securities and Banking revenues increased 70% from the prior quarter to $6.0 billion.  Excluding CVA, revenues were up 37% sequentially, mainly due to a $2.0 billion (64%) increase in Fixed Income and Equity Markets revenues, partially offset by a 27% decline in Investment Banking.  Year over year, Securities and Banking revenues declined 25%, driven principally by lower Fixed Income Markets revenues and a negative CVA of $229 million (compared to positive $285 million in the prior year period).  Excluding CVA, Fixed Income Markets revenues fell 22% to $4.0 billion, largely due to declines in rates and currencies, and credit and securitized products.  Investment Banking revenues were $851 million, down 19% from the prior year period, primarily reflecting lower revenues from municipal and investment grade debt underwriting.  Excluding CVA, Equity Markets revenues were 9% lower year over year at $1.1 billion, mainly driven by lower trading revenues related to principal positions, partially offset by growth in cash equities revenues.

Expenses were $3.8 billion, or 11% higher versus the first quarter 2010, principally due to absence of a litigation reserve release recorded in the prior year period, as well as continued investment spending and higher business volumes, partially offset by productivity saves.

Net credit losses were $204 million, $103 million higher than the first quarter 2010, due principally to losses from loans to specific counterparties for which reserves had previously been established and were released in the current quarter.  The net release of allowance for loan losses and unfunded lending commitments was $393 million, compared to a $169 million net release in the prior year period.  The net loan loss reserve release reflected continued improvement in the corporate credit portfolio, as well as net releases for specific counterparties.

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Transaction Services

								$ I/(D)
(in millions of dollars)	1Q’11		4Q’10		1Q’10			QoQ			YoY
Treasury and Trade Solutions	1,832		1,830		1,781			2			51
Securities and Fund Services	718		730		656			(12		)	62
Revenues	$	2,550	$	2,560	$	2,437		$	(10	)	$	113
Expenses	$	1,317	$	1,321	$	1,160		$	(4	)	$	157
Net Credit Losses	6		2		1			4			5
Net Build (Release)	1		5		(18		)	(4		)	19
Total Credit Costs	$	7	$	7	$	(17	)	$	—		$	24
Net Income	$	841	$	865	$	930		$	(24	)	$	(89	)
Average Deposits ($B) (a)	$	355	$	353	$	319		$	2		$	36
Revenue by Region
North America	$	610	$	588	$	639		$	22		$	(29	)
EMEA	836		840		833			(4		)	3
LATAM	408		406		344			2			64
Asia	696		726		621			(30		)	75

(a) Includes other customer liabilities

Transaction Services revenues were $2.6 billion, up 5% from the prior year period, driven by growth in Latin America and Asia.  Average deposits and other customer liabilities grew 11% year over year to $355 billion, with growth in every region.  Assets under custody grew 10% year over year to $13.0 trillion, reflecting higher net inflows and market values. Strong growth in business volumes was partially offset by continued spread compression.

·Treasury and Trade Solutions revenues of $1.8 billion were up 3% from the prior year period, reflecting increased trade and cards revenues driven by higher deposits and transaction volumes, partially offset by continued spread compression.

·Securities and Fund Services revenues of $718 million were up 9%, reflecting higher business volumes and asset valuations, partially offset by continued spread compression.

Revenues in North America were $610 million, down 5% from the prior year period, mainly due to continued spread compression.  EMEA revenues of $836 million were approximately flat to the prior year period.  Latin America revenues of $408 million increased 19%, and Asia revenues of $696 million were up 12%, in each case driven by higher business volumes and client activity.

Expenses were $1.3 billion, up $157 million, or 14%, from the prior year period, largely due to continued investment spending and higher business volumes, partially offset by productivity saves.

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CITI HOLDINGS

										$ I/(D)
(in millions of dollars)	1Q’11			4Q’10			1Q’10			QoQ			YoY
Net Interest Revenue	2,630			2,908			4,375			(278		)	(1,745		)
Non-Interest Revenue	653			1,057			2,175			(404		)	(1,522		)
Total Revenues	$	3,283		$	3,965		$	6,550		$	(682	)	$	(3,267	)
Expenses	$	2,019		$	2,379		$	2,573		$	(360	)	$	(554	)
Net Credit Losses	3,950			4,191			5,241			(241		)	(1,291		)
Net Build (Release) (a)	(2,091		)	(1,510		)	314			(581		)	(2,405		)
Provision for Benefits and Claims	216			196			243			20			(27		)
Total Credit Costs	$	2,075		$	2,877		$	5,798		$	(802	)	$	(3,723	)
Net Income (loss)	$	(608	)	$	(1,019	)	$	(886	)	$	411		$	278
EOP Assets ($B)	$	337		$	359		$	503		$	(22	)	$	(166	)
EOP Loans ($B)	$	219		$	242		$	343		$	(23	)	$	(124	)
EOP Deposits ($B)	$	77		$	79		$	86		$	(2	)	$	(9	)
Revenue by Segment
BAM	$	137		$	136		$	340		$	1		$	(203	)
LCL	3,153			3,403			4,670			(250		)	(1,517		)
SAP	(7		)	426			1,540			(433		)	(1,547		)
Net Income by Segment
BAM	$	(12	)	$	(58	)	$	81		$	46		$	(93	)
LCL	(599		)	(1,104		)	(1,829		)	505			1,230
SAP	3			143			862			(140		)	(859		)

(a) Includes provision for unfunded lending commitments

Citi Holdings revenues declined 50% to $3.3 billion as compared to the prior year period.  Net interest revenues declined 40% year over year to $2.6 billion, largely driven by lower loan balances in Local Consumer Lending and the higher reserve build related to customer refunds in Japan Consumer Finance.  Non-interest revenues declined 70% to $653 million from the prior year period reflecting the $709 million net pre-tax charge related to the asset transfer in Special Asset Pool, lower positive marks on sub-prime related direct exposures, and a repurchase reserve build of $122 million related to North America residential real estate, partially offset by gains on private equity investments.

Citi Holdings expenses were down 22% year over year to $2.0 billion, principally due to the continued decline in assets.

Citi Holdings credit costs of $2.1 billion included $4.0 billion of net credit losses, a net release of allowance for loan losses and unfunded lending commitments of $2.1 billion, and a $216 million provision for policyholder benefits and claims.

·Net credit losses declined $1.3 billion (-25%) versus the prior year period.  Local Consumer Lending net credit losses declined 34% to $3.3 billion, driven by continued improvement in Retail Partner cards, North America residential real estate and international loans.  Special Asset Pool net credit losses increased $378 million year over year to $670 million, mainly due to higher cost of loan sales, as well as losses from

10

loans to specific counterparties for which reserves had previously been established and were released in the current quarter.

·The net release of allowance for loan losses and unfunded lending commitments of $2.1 billion compared to a $314 million net build in the prior year period.  The net loan loss reserve release in Local Consumer Lending was $1.1 billion, largely attributable to Retail Partner cards, as credit trends continued to improve.  The net loan loss reserve release in Special Asset Pool was $980 million, reflecting continued improvement in the corporate credit portfolio as well as net releases for specific counterparties.

Citi Holdings net loss of $608 million was $278 million, or 31%, less than the net loss of $886 million in the first quarter 2010, as continued improvement in credit costs and lower expenses more than offset the decline in revenues.

Citi Holdings assets declined 33% from the first quarter 2010 to $337 billion at the end of the first quarter 2011. The decline reflected $106 billion in asset sales and business dispositions and $49 billion in net run-off and amortization.  Citi Holdings assets comprised approximately 17% of total Citigroup assets at the end of the first quarter 2011.

CORPORATE / OTHER

Corporate/Other revenues were negative $61 million, compared to positive $349 million in the prior year period.  The decline in revenues was mainly driven by lower investment yields as well as losses from hedging activities.

Corporate/Other net loss from continuing operations of $517 million compared to income of $35 million in the first quarter 2010.  The decline was principally due to lower revenues, as well as higher legal and related expenses.

Citi will host a conference call today at 11:00 AM (EDT).  A live webcast of the presentation, as well as financial results and presentation materials, will be available at http://www.citigroup.com/citi/fin.  Dial-in numbers for the conference call are as follows: (866) 516-9582 in the U.S.; (973) 409-9210 outside of the U.S.  The conference code for both numbers is 52962700.

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

Additional financial, statistical, and business-related information, as well as business and segment trends, is included in a Quarterly Financial Data Supplement.  Both the earnings release and the First Quarter 2011 Quarterly Financial Data Supplement are available on Citigroup’s website at www.citigroup.com or www.citi.com.

Certain statements in this release are “forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission.  These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances.  Actual results may differ materially from those included in these statements due to a variety of factors, including the precautionary statements included in this document and those contained in Citigroup’s filings with the U.S. Securities and Exchange Commission, including without limitation the “Risk Factors” section of Citigroup’s 2010 Annual Report on Form 10-K.

Contacts:
Press:	Jon Diat:	(212) 793-5462	Equity Investors:	John Andrews	(212) 559-2718
	Shannon Bell:	(212) 793-6206	Fixed Income Investors:	Ilene Fiszel Bieler	(212) 559-5091

11

Anu Ahluwalia (212) 559-4114

12

RESULTS BY REGION AND SEGMENT

	Revenues							Income (loss) from Continuing Ops.
(in millions of dollars)	1Q’11			4Q’10		1Q’10		1Q’11			4Q’10			1Q’10
North America
Regional Consumer Banking	3,334			3,556		3,801		551			403			15
Securities and Banking	2,328			1,009		3,553		458			(203		)	1,422
Transaction Services	610			588		639		113			85			161
Total North America	$	6,272		$	5,153	$	7,993	$	1,122		$	285		$	1,598
EMEA
Regional Consumer Banking	398			381		405		49			1			24
Securities and Banking	2,059			832		2,515		765			(68		)	1,021
Transaction Services	836			840		833		278			296			303
Total EMEA	$	3,293		$	2,053	$	3,753	$	1,092		$	229		$	1,348
Latin America
Regional Consumer Banking	2,309			2,300		2,076		484			434			367
Securities and Banking	582			728		607		272			340			269
Transaction Services	408			406		344		170			172			152
Total Latin America	$	3,299		$	3,434	$	3,027	$	926		$	946		$	788
Asia
Regional Consumer Banking	1,901			1,930		1,800		461			509			567
Securities and Banking	1,043			964		1,328		210			185			469
Transaction Services	696			726		621		284			318			319
Total Asia	$	3,640		$	3,620	$	3,749	$	955		$	1,012		$	1,355
Citicorp	$	16,504		$	14,260	$	18,522	$	4,095		$	2,472		$	5,089
Citi Holdings	$	3,283		$	3,965	$	6,550	$	(547	)	$	(911	)	$	(875	)
Corporate / Other	$	(61	)	$	146	$	349	$	(517	)	$	(188	)	$	35
Citigroup	$	19,726		$	18,371	$	25,421	$	3,031		$	1,373		$	4,249

13

APPENDIX A

CVA

(In millions of dollars)	1Q’11			4Q’10			1Q’10
Securities and Banking
CVA on Citi Liabilities at Fair Value Option	(111		)	(795		)	(2		)
Derivatives CVA (1),(2)	(118		)	(244		)	287
Total Securities and Banking CVA	$	(229	)	$	(1,038	)	$	285
Special Asset Pool
CVA on Citi Liabilities at Fair Value Option	(2		)	(11		)	(4		)
Derivatives CVA (1)	(25		)	(52		)	27
Total Special Asset Pool CVA	$	(27	)	$	(63	)	$	23
Total Citigroup CVA	$	(256	)	$	(1,101	)	$	308

(1) Net of hedges.  (2) Includes Private Bank.

Note: Totals may not sum due to rounding.

APPENDIX B

NON-GAAP FINANCIAL MEASURES

	Preliminary
	March 31,
(in millions, except per share amounts)	2011
Citigroup’s Total Stockholders’ Equity	$	171,037
Less: Preferred Stock	312
Common Stockholders’ Equity	170,725
Less:
Goodwill - as reported	26,339
Intangible Assets (other than Mortgage Servicing Rights) - as reported	7,280
Goodwill and Intangible Assets - recorded as assets of disc. ops. Held for Sale	165
Net Deferred Tax Assets Related to Goodwill and Intangible Assets	53
Tangible Common Equity (TCE)	$	136,888
Common Shares Outstanding at Quarter-end	29,206.4
Tangible Book Value Per Share
(Tangible Common Equity / Common Shares Outstanding)	$	4.69

14

EX-99.2

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT		1Q11

	Page Number
Citigroup Consolidated
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Segment Detail
Net Revenues	4
Income	5
Citicorp
Income Statement and Balance Sheet Data	6
Regional Consumer Banking	7 - 8
North America	9 - 11
EMEA	12 - 13
Latin America	14 - 15
Asia	16 - 17
Institutional Clients Group (ICG)	18
Securities and Banking	19
Transaction Services	20
Regional Totals
North America	21
EMEA	22
Latin America	23
Asia	24
Citi Holdings
Income Statement and Balance Sheet Data	25
Brokerage and Asset Management	26
Local Consumer Lending	27 - 30
Special Asset Pool	31
Citigroup Supplemental Detail
Average Balances and Interest Rates	32
Deposits	33
Loans	34
Consumer Loan Delinquency Amounts and Ratios
90+ Days	35
30-89 Days	36
Allowance for Credit Losses
Total Citigroup	37
Consumer and Corporate	38
Components of Provision for Loan Losses
Citicorp	39
Citi Holdings / Total Citigroup	40
Non-Accrual Assets
Total Citigroup	41
Citicorp	42
Citi Holdings	43
Reconciliation of Non-GAAP Financial Measures	44

CITIGROUP — FINANCIAL SUMMARY (In millions of dollars, except per share amounts)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Total Revenues, Net of Interest Expense	$	25,421		$	22,071		$	20,738		$	18,371		$	19,726		(22	)%
Total Operating Expenses	11,518			11,866			11,520			12,471			12,326			7	%
Net Credit Losses	8,384			7,962			7,659			6,854			6,269			(25	)%
Credit Reserve Build / (Release)	(18		)	(1,439		)	(1,993		)	(2,215		)	(3,370		)	NM
Provision for Unfunded Lending Commitments	(35		)	(71		)	26			(37		)	25			NM
Provision for Benefits & Claims	287			213			227			238			260			(9	)%
Provision for Credit Losses and for Benefits and Claims	8,618			6,665			5,919			4,840			3,184			(63	)%
Income (Loss) from Continuing Operations before Income Taxes	5,285			3,540			3,299			1,060			4,216			(20	)%
Income Taxes (benefits)	1,036			812			698			(313		)	1,185			14	%
Income (Loss) from Continuing Operations	$	4,249		$	2,728		$	2,601		$	1,373		$	3,031		(29	)%
Income (Loss) from Discontinued Operations, net of Taxes	211			(3		)	(374		)	98			40			(81	)%
Net Income (Loss) before Attribution of Noncontrolling Interests	4,460			2,725			2,227			1,471			3,071			(31	)%
Net Income (Loss) Attributable to Noncontrolling Interests	32			28			59			162			72			NM
Citigroup’s Net Income (Loss)	$	4,428		$	2,697		$	2,168		$	1,309		$	2,999		(32	)%
Diluted Earnings Per Share:
Income (Loss) from Continuing Operations (1)	$	0.14		$	0.09		$	0.08		$	0.04		$	0.10		(29	)%
Citigroup’s Net Income (Loss) (1)	$	0.15		$	0.09		$	0.07		$	0.04		$	0.10		(33	)%
Shares (in millions):
Average Basic	28,444.3			28,849.4			28,877.5			28,932.9			29,043.5			2	%
Average Diluted	29,333.5			29,752.6			29,778.3			29,847.8			29,965.8			2	%
Common Shares Outstanding, at period end	28,620.2			28,975.4			29,049.6			29,058.4			29,206.4			2	%
Preferred Dividends - Basic (in millions)	$	—		$	—		$	—		$	9		$	4
Preferred Dividends - Diluted (in millions)	$	—		$	—		$	—		$	9		$	4
Income (Loss) Allocated to Unrestricted Common Shareholders - Basic
Income (Loss) from Continuing Operations	$	4,190		$	2,674		$	2,468		$	1,194		$	2,920		(30	)%
Citigroup’s Net Income (Loss)	$	4,400		$	2,671		$	2,148		$	1,288		$	2,960		(33	)%
Income (Loss) Allocated to Unrestricted Common Shareholders - Diluted
Income (Loss) from Continuing Operations	$	4,191		$	2,675		$	2,469		$	1,195		$	2,921		(30	)%
Citigroup’s Net Income (Loss)	$	4,400		$	2,672		$	2,149		$	1,289		$	2,961		(33	)%
Financial Ratios:
Tier 1 Common Ratio	9.11		%	9.71		%	10.33		%	10.75		%	11.3%		*
Tier 1 Capital Ratio	11.28		%	11.99		%	12.50		%	12.91		%	13.3%		*
Total Capital Ratio	14.88		%	15.59		%	16.14		%	16.59		%	17.0%		*
Leverage Ratio	6.16		%	6.31		%	6.57		%	6.60		%	7.0%		*
Return on Common Equity	12.0		%	7.0		%	5.4		%	3.2		%	7.3%		*
Balance Sheet Data, EOP (in billions, except Book Value per Share):
Total Assets	$	2,002.2		$	1,937.7		$	1,983.3		$	1,913.9		$	1,947.8	*	(3	)%
Total Deposits	827.9			814.0			850.1			845.0			865.9		*	5	%
Citigroup’s Stockholders’ Equity	151.4			154.8			162.9			163.5			171.0		*	13	%
Citigroup Equity and Trust Securities (included in LT Debt)	173.1			175.0			183.4			181.6			189.0		*	9	%
Book Value Per Share	$	5.28		$	5.33		$	5.60		$	5.61		$	5.85	*	11	%
Tangible Book Value Per Share (1)	$	4.09		$	4.19		$	4.44		$	4.45		$	4.69	*	15	%
Direct Staff (in thousands)	263			259			258			260			260			(1	)%

(1)	Tangible Book Value Per Share is a non-GAAP financial measure. See page 44 for a reconciliation of this measure to its most comparable GAAP measure.
*	Preliminary
NM Not meaningful
Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED STATEMENT OF INCOME (In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Revenues
Interest revenue	$	20,852		$	20,418		$	19,371		$	18,875		$	18,200		(13	)%
Interest expense	6,291			6,379			6,125			6,069			5,976			(5	)%
Net interest revenue	14,561			14,039			13,246			12,806			12,224			(16	)%
Commissions and fees	3,645			3,229			3,248			3,536			3,368			(8	)%
Principal transactions	4,116			2,362			2,085			(1,046		)	3,167			(23	)%
Administrative and other fiduciary fees	1,022			910			976			1,097			1,097			7	%
Realized gains (losses) on investments (1)	31			69			742			158			(1,127		)	NM
Insurance premiums	748			636			655			645			672			(10	)%
Other revenue	1,298			826			(214		)	1,175			325			(75	)%
Total non-interest revenues	10,860			8,032			7,492			5,565			7,502			(31	)%
Total revenues, net of interest expense	25,421			22,071			20,738			18,371			19,726			(22	)%
Provisions for Credit Losses and for Benefits and Claims
Net credit losses (NCLs)	8,384			7,962			7,659			6,854			6,269			(25	)%
Net build / (Release)	(18		)	(1,439		)	(1,993		)	(2,215		)	(3,370		)	NM
Provision for loan losses	8,366			6,523			5,666			4,639			2,899			(65	)%
Policyholder benefits and claims	287			213			227			238			260			(9	)%
Provision for unfunded lending commitments	(35		)	(71		)	26			(37		)	25			NM
Total provisions for credit losses and for benefits and claims	8,618			6,665			5,919			4,840			3,184			(63	)%
Operating Expenses
Compensation and benefits	6,162			5,961			6,117			6,190			6,409			4	%
Premises and Equipment	830			824			838			839			825			(1	)%
Technology / communication expense	1,199			1,195			1,257			1,273			1,214			1	%
Advertising and marketing expense	302			367			458			518			397			31	%
Other operating	3,025			3,519			2,850			3,651			3,481			15	%
Total operating expenses	11,518			11,866			11,520			12,471			12,326			7	%
Income (Loss) from Continuing Operations before Income Taxes	5,285			3,540			3,299			1,060			4,216			(20	)%
Provision (benefits) for income taxes	1,036			812			698			(313		)	1,185			14	%
Income (Loss) from Continuing Operations	4,249			2,728			2,601			1,373			3,031			(29	)%
Discontinued Operations (2)
Income (Loss) from Discontinued Operations	(5		)	(3		)	8			72			60
Gain (Loss) on Sale	94			—			(784		)	(12		)	4
Provision (benefits) for income taxes	(122		)	—			(402		)	(38		)	24
Income (Loss) from Discontinued Operations, net	211			(3		)	(374		)	98			40			(81	)%
Net Income (Loss) before attribution of Minority Interests	4,460			2,725			2,227			1,471			3,071			(31	)%
Net Income (Loss) attributable to noncontrolling Minority Interests (Minority Interest)	32			28			59			162			72			NM
Citigroup’s Net Income (Loss)	$	4,428		$	2,697		$	2,168		$	1,309		$	2,999		(32	)%

(1)	Includes Other-Than-Temporary Impairment losses on investments.
(2)	Discontinued Operations includes:
	a)      The sale of substantially all of Citigroup’s CitiCapital equipment finance unit to General Electric.
	b)      The sale of substantially all of Citigroup’s Retail Banking Operations in Germany to Credit Mutuel.
	c)      The sale of Nikko Cordial Securities to Sumitomo Mitsui Banking Corporation.
	d)      The sale of The Student Loan Corporation.
	e)      The announced sale of the Egg Credit Card Business.
NM Not meaningful
Reclassified to conform to the current period’s presentation.

2

CITIGROUP CONSOLIDATED BALANCE SHEET (In millions of dollars)

																Mar 31, 2011
																vs.
	March 31,			June 30,			September 30,			December 31,			March 31,			Dec 31, 2010
	2010			2010			2010			2010			2011 (1)			Inc (Decr)
Assets
Cash and due from banks (including segregated cash and other deposits)	$	25,678		$	24,709		$	26,342		$	27,972		$	27,842		—
Deposits with banks	163,525			160,780			150,071			162,437			163,603			1	%
Fed funds sold and securities borr’d or purch under agree. to resell	234,348			230,784			240,057			246,717			261,120			6	%
Brokerage receivables	34,001			36,872			37,138			31,213			40,901			31	%
Trading account assets	345,783			309,412			337,098			317,272			323,110			2	%
Investments
Available-for-sale and non-marketable equity securities	270,385			285,783			310,143			289,057			311,773			8	%
Held-to-maturity	46,348			31,283			30,107			29,107			15,484			(47	)%
Total Investments	316,733			317,066			340,250			318,164			327,257			3	%
Loans, net of unearned income
Consumer	531,469			505,446			463,104			457,632			441,213			(4	)%
Corporate	190,335			186,720			191,207			191,162			195,923			2	%
Loans, net of unearned income	721,804			692,166			654,311			648,794			637,136			(2	)%
Allowance for loan losses	(48,746		)	(46,197		)	(43,674		)	(40,655		)	(36,568		)	(10	)%
Total loans, net	673,058			645,969			610,637			608,139			600,568			(1	)%
Goodwill	25,662			25,201			25,797			26,152			26,339			1	%
Intangible assets (other than MSRs)	8,277			7,868			7,705			7,504			7,280			(3	)%
Mortgage servicing rights (MSR’s)	6,439			4,894			3,976			4,554			4,690			3	%
Other assets	168,709			174,101			172,800			163,778			162,433			(1	)%
Assets related to discontinued operations held for sale	—			—			31,409			—			2,672			—
Total assets	$	2,002,213		$	1,937,656		$	1,983,280		$	1,913,902		$	1,947,815		2	%
Liabilities
Non-interest-bearing deposits in U.S. offices	$	66,796		$	59,225		$	64,442		$	78,268		$	81,839		5	%
Interest-bearing deposits in U.S. offices	230,919			241,820			237,626			225,731			222,613			(1	)%
Total U.S. Deposits	297,715			301,045			302,068			303,999			304,452			—
Non-interest-bearing deposits in offices outside the U.S.	45,471			46,322			52,080			55,066			61,851			12	%
Interest-bearing deposits in offices outside the U.S.	484,728			466,584			495,947			485,903			499,560			3	%
Total International Deposits	530,199			512,906			548,027			540,969			561,411			4	%
Total deposits	827,914			813,951			850,095			844,968			865,863			2	%
Fed funds purch and securities loaned or sold under agree. to repurch.	207,911			196,112			192,065			189,558			187,825			(1	)%
Brokerage payables	55,041			54,774			51,517			51,749			50,394			(3	)%
Trading account liabilities	142,748			131,001			142,005			129,054			146,346			13	%
Short-term borrowings	96,694			92,752			87,013			78,790			78,622			—
Long-term debt	439,274			413,297			387,330			381,183			376,541			(1	)%
Other liabilities (2)	78,852			78,439			78,198			72,811			68,792			(6	)%
Liabilities related to discontinued operations held for sale	—			—			29,874			—			39			—
Total liabilities	$	1,848,434		$	1,780,326		$	1,818,097		$	1,748,113		$	1,774,422		2	%
Equity
Stockholders’ Equity
Preferred Stock	$	312		$	312		$	312		$	312		$	312		—
Common Stock	287			292			292			292			293			—
Additional paid-in capital	96,427			99,014			100,898			101,024			102,740			2	%
Retained earnings	73,432			76,130			78,260			79,559			82,554			4	%
Treasury stock	(1,178		)	(1,772		)	(1,540		)	(1,442		)	(878		)	39	%
Accumulated other comprehensive income (loss)	(17,859		)	(19,170		)	(15,309		)	(16,277		)	(13,984		)	14	%
Total Common Equity	$	151,109		$	154,494		$	162,601		$	163,156		$	170,725		5	%
Total Citigroup stockholders’ equity	$	151,421		$	154,806		$	162,913		$	163,468		$	171,037		5	%
Noncontrolling Minority interests (Minority Interest)	2,358			2,524			2,270			2,321			2,356			2	%
Total equity	153,779			157,330			165,183			165,789			173,393			5	%
Total liabilities and equity	$	2,002,213		$	1,937,656		$	1,983,280		$	1,913,902		$	1,947,815		2	%

(1)	Preliminary
(2)	Includes allowance for credit losses for letters of credit and unfunded lending commitments of $1,122 million for the first quarter of 2010, $1,054 million for the second quarter of 2010, $1,102 million for the third quarter of 2010, $1,066 million for the fourth quarter of 2010 and $1,105 million for the first quarter of 2011, respectively.
Reclassified to conform to the current period’s presentation.

3

CITIGROUP SEGMENT DETAIL NET REVENUE

(In millions of dollars)

													1Q11 vs.
	1Q		2Q		3Q			4Q		1Q			1Q10 Increase/
	2010		2010		2010			2010		2011			(Decrease)
CITICORP
Regional Consumer Banking
North America	$	3,801	$	3,693	$	3,740		$	3,556	$	3,334		(12	)%
EMEA	405		376		349			381		398			(2	)%
Latin America	2,076		2,118		2,233			2,300		2,309			11	%
Asia	1,800		1,845		1,839			1,930		1,901			6	%
Total	8,082		8,032		8,161			8,167		7,942			(2	)%
Securities and Banking
North America	3,553		2,627		2,203			1,009		2,328			(34	)%
EMEA	2,515		1,762		1,733			832		2,059			(18	)%
Latin America	607		558		639			728		582			(4	)%
Asia	1,328		1,008		1,018			964		1,043			(21	)%
Total	8,003		5,955		5,593			3,533		6,012			(25	)%
Transaction Services
North America	639		636		620			588		610			(5	)%
EMEA	833		848		835			840		836			—
Latin America	344		356		384			406		408			19	%
Asia	621		662		696			726		696			12	%
Total	2,437		2,502		2,535			2,560		2,550			5	%
Total Citicorp	18,522		16,489		16,289			14,260		16,504			(11	)%
CITI HOLDINGS
Brokerage and Asset Management	340		141		(8		)	136		137			(60	)%
Local Consumer Lending	4,670		4,206		3,547			3,403		3,153			(32	)%
Special Asset Pool	1,540		572		314			426		(7		)	(100	)%
Total Citi Holdings	6,550		4,919		3,853			3,965		3,283			(50	)%
Corporate / Other	349		663		596			146		(61		)	NM
Total Citigroup - Net Revenues	$	25,421	22,071		20,738			18,371		$	19,726		(22	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

4

CITIGROUP SEGMENT DETAIL INCOME

(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Income from Continuing Operations:
CITICORP
Regional Consumer Banking
North America	$	15		$	52		$	177		$	403		$	551		NM
EMEA	24			48			20			1			49			NM
Latin America	367			473			537			434			484			32	%
Asia	567			566			497			509			461			(19	)%
Total	973			1,139			1,231			1,347			1,545			59	%
Securities and Banking
North America	1,422			816			430			(203		)	458			(68	)%
EMEA	1,021			355			497			(68		)	765			(25	)%
Latin America	269			200			274			340			272			1	%
Asia	469			301			179			185			210			(55	)%
Total	3,181			1,672			1,380			254			1,705			(46	)%
Transaction Services
North America	161			158			128			85			113			(30	)%
EMEA	303			320			306			296			278			(8	)%
Latin America	152			154			170			172			170			12	%
Asia	319			296			318			318			284			(11	)%
Total	935			928			922			871			845			(10	)%
Total Citicorp	5,089			3,739			3,533			2,472			4,095			(20	)%
CITI HOLDINGS
Brokerage and Asset Management	76			(94		)	(153		)	(55		)	(10		)	NM
Local Consumer Lending	(1,829		)	(1,226		)	(830		)	(1,103		)	(599		)	67	%
Special Asset Pool	878			116			(83		)	247			62			(93	)%
Total Citi Holdings	(875		)	(1,204		)	(1,066		)	(911		)	(547		)	37	%
Corporate / Other	35			193			134			(188		)	(517		)	NM
Income (Loss) From Continuing Operations	4,249			2,728			2,601			1,373			3,031			(29	)%
Discontinued Operations	211			(3		)	(374		)	98			40
Net Income (Loss) Attributable to Noncontrolling Minority Interests	32			28			59			162			72
Citigroup’s Net Income (Loss)	$	4,428		$	2,697		$	2,168		$	1,309		$	2,999		(32	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

5

CITICORP STATEMENT OF INCOME AND BALANCE SHEET DATA (In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Revenues
Net interest revenue	$	9,870		$	9,742		$	9,475		$	9,733		$	9,506		(4	)%
Non-Interest revenue	8,652			6,747			6,814			4,527			6,998			(19	)%
Total revenues, net of interest expense	18,522			16,489			16,289			14,260			16,504			(11	)%
Provisions for Credit Losses and for Benefits and Claims
Net Credit Losses	3,142			2,965			3,020			2,662			2,318			(26	)%
Credit Reserve Build / (Release)	(360		)	(639		)	(427		)	(741		)	(1,258		)	NM
Provision for loan losses	2,782			2,326			2,593			1,921			1,060			(62	)%
Provision for Benefits & Claims	44			27			38			42			44			—
Provision for unfunded lending commitments	(7		)	(26		)	1			—			4			NM
Total provisions for credit losses and for benefits and claims	2,819			2,327			2,632			1,963			1,108			(61	)%
Total operating expenses	8,595			9,176			8,931			9,442			9,601			12	%
Income (Loss) from Continuing Operations before Income Taxes	7,108			4,986			4,726			2,855			5,795			(18	)%
Provision (benefits) for income taxes	2,019			1,247			1,193			383			1,700			(16	)%
Income (Loss) from Continuing Operations	5,089			3,739			3,533			2,472			4,095			(20	)%
Net Income (Loss) attributable to noncontrolling Minority Interests (Minority Interest)	21			20			30			51			11			(48	)%
Citicorp’s Net Income (Loss)	$	5,068		$	3,719		$	3,503		$	2,421		$	4,084		(19	)%
Balance Sheet Data (in billions):
Total EOP Assets	$	1,236		$	1,211		$	1,283		$	1,284		$	1,330		8	%
Average Assets	$	1,233		$	1,250		$	1,252		$	1,294		$	1,323		7	%
Return on Assets	1.67		%	1.19		%	1.11		%	0.74		%	1.25		%
Total EOP Deposits	$	730		$	719		$	757		$	760		$	784		7	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

6

CITICORP REGIONAL CONSUMER BANKING Page 1 (In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	5,917		$	5,774		$	5,689		$	5,864		$	5,752		(3	)%
Non-Interest Revenue	2,165			2,258			2,472			2,303			2,190			1	%
Total Revenues, Net of Interest Expense (1)	8,082			8,032			8,161			8,167			7,942			(2	)%
Total Operating Expenses	3,998			4,039			4,090			4,443			4,482			12	%
Net Credit Losses	3,040			2,922			2,731			2,528			2,108			(31	)%
Credit Reserve Build / (Release)	(180		)	(408		)	(403		)	(552		)	(862		)	NM
Provision for Unfunded Lending Committments	—			(4		)	—			—			—			—
Provision for Benefits & Claims	44			27			38			42			44			0	%
Provision for Loan Losses and for Benefits and Claims	2,904			2,537			2,366			2,018			1,290			(56	)%
Income (loss) from Continuing Operations before Taxes	1,180			1,456			1,705			1,706			2,170			84	%
Income Taxes (benefits)	207			317			474			359			625			NM
Income (loss) from Continuing Operations	973			1,139			1,231			1,347			1,545			59	%
Net Income (loss) Attributable to Minority Interests	(5		)	—			(4		)	—			(2		)	60	%
Net Income (Loss)	$	978		$	1,139		$	1,235		$	1,347		$	1,547		58	%
Average Assets (in billions of dollars)	$	308		$	306		$	311		$	319		$	327		6	%
Return on Assets	1.29		%	1.49		%	1.58		%	1.68		%	1.92		%
Net Credit Losses as a % of Average Loans	5.57		%	5.38		%	4.90		%	4.44		%	3.69		%
Revenue by Business
Retail Banking	$	3,814		$	3,916		$	4,005		$	4,099		$	3,907		2	%
Citi-Branded Cards	4,268			4,116			4,156			4,068			4,035			(5	)%
Total Revenues	$	8,082		$	8,032		$	8,161		$	8,167		$	7,942		(2	)%
Net Credit Losses by Business
Retail Banking	$	289		$	304		$	333		$	343		$	277		(4	)%
Citi-Branded Cards	2,751			2,618			2,398			2,185			1,831			(33	)%
Total Net Credit Losses	$	3,040		$	2,922		$	2,731		$	2,528		$	2,108		(31	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	799		$	843		$	764		$	702		$	681		(15	)%
Citi-Branded Cards	174			296			467			645			864			NM
Total	$	973		$	1,139		$	1,231		$	1,347		$	1,545		59	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

7

CITICORP REGIONAL CONSUMER BANKING Page 2

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Retail Banking Key Indicators (in billions of dollars, except branches)
Branches	4,162			4,161			4,168			4,200			4,200			1	%
Accounts (in millions)	59.2			58.9			59.8			59.5			59.4			—
Average Deposits	$	289.2		$	291.4		$	295.6		$	301.9		$	307.0		6	%
Investment Sales (International Only)	$	24.1		$	23.4		$	21.3		$	23.7		$	25.4		5	%
Investment AUMs	$	120.8		$	116.8		$	125.4		$	130.5		$	133.9		11	%
Average Loans	$	109.5		$	109.3		$	111.5		$	115.2		$	121.4		11	%
EOP Loans:
Real Estate Lending	$	56.0		$	54.7		$	56.5		$	59.5		$	63.9		14	%
Commerical Markets	26.9			28.8			29.6			30.8			33.1			23	%
Personal and Other	27.7			25.6			27.6			27.6			28.3			—
EOP Loans	$	110.6		$	109.1		$	113.7		$	117.9		$	125.3		13	%
Net Interest Revenue (1)	$	2,564		$	2,559		$	2,504		$	2,595		$	2,634		3	%
As a % of Average Loans	9.50		%	9.39		%	8.91		%	8.94		%	8.80		%
Net Credit Losses	$	289		$	304		$	333		$	343		$	277		(4	)%
As a % of Average Loans	1.07		%	1.12		%	1.18		%	1.18		%	0.93		%
Loans 90+ Days Past Due (2)	$	827		$	877		$	849		$	773		$	811		(2	)%
As a % of EOP Loans	0.75		%	0.80		%	0.75		%	0.66		%	0.65		%
Loans 30-89 Days Past Due (2)	$	1,306		$	1,207		$	1,279		$	1,148		$	1,145		(12	)%
As a % of EOP Loans	1.18		%	1.11		%	1.13		%	0.98		%	0.92		%
Citi-Branded Cards Key Indicators (in billions of dollars)
EOP Open Accounts (in millions)	51.3			50.8			51.1			51.3			51.7			1	%
Purchase Sales	$	60.1		$	63.9		$	65.5		$	70.5		$	64.9		8	%
Average Loans (3)	$	112.0		$	108.5		$	109.5		$	110.6		$	110.3		(2	)%
EOP Loans (3)	$	110.2		$	109.4		$	111.1		$	114.1		$	109.6		—
Average Yield (4)	14.89		%	14.39		%	14.18		%	13.95		%	14.89		%
Net Interest Revenue (5)	$	3,358		$	3,207		$	3,184		$	3,259		$	3,128		(7	)%
As a % of Average Loans	12.16		%	11.86		%	11.54		%	11.69		%	11.50		%
Net Credit Losses	$	2,751		$	2,618		$	2,398		$	2,185		$	1,831		(33	)%
As a % of Average Loans	9.96		%	9.68		%	8.69		%	7.84		%	6.73		%
Net Credit Margin (6)	$	1,517		$	1,493		$	1,752		$	1,878		$	2,198		45	%
As a % of Average Loans	5.49		%	5.52		%	6.35		%	6.74		%	8.08		%
Loans 90+ Days Past Due	$	3,155		$	2,929		$	2,590		$	2,341		$	2,172		(31	)%
As a % of EOP Loans	2.86		%	2.68		%	2.33		%	2.05		%	1.98		%
Loans 30-89 Days Past Due	$	3,094		$	2,727		$	2,543		$	2,407		$	2,217		(28	)%
As a % of EOP Loans	2.81		%	2.49		%	2.29		%	2.11		%	2.02		%

(1)	Also includes Net Interest Revenue related to the international regions’ deposit balances in excess of the average loan portfolio.
(2)	The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies. See Note 1 on North America Regional Consumer Banking on page 10.
(3)	Average Loans, EOP Loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(4)	Average Yield is gross interest revenue earned divided by average loans.
(5)	Net Interest Revenue includes certain fees that are recorded as interest revenue.
(6)	Net Credit Margin is Total Revenues, net of Interest Expense, less Net Credit Losses and Policy Benefits and Claims.
NM Not meaningful

Reclassified to conform to the current period’s presentation.

8

CITICORP REGIONAL CONSUMER BANKING NORTH AMERICA Page 1 (In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	2,954		$	2,778		$	2,734		$	2,750		$	2,624		(11	)%
Non-Interest Revenue	847			915			1,006			806			710			(16	)%
Total Revenues, Net of Interest Expense (1)	3,801			3,693			3,740			3,556			3,334			(12	)%
Total Operating Expenses	1,621			1,513			1,458			1,574			1,689			4	%
Net Credit Losses	2,157			2,126			1,971			1,768			1,440			(33	)%
Credit Reserve Build / (Release)	4			(9		)	40			(348		)	(649		)	NM
Provision for Unfunded Lending Committments	—			—			—			—			—			—
Provision for Benefits & Claims	8			5			6			5			6			(25	)%
Provision for Loan Losses and for Benefits and Claims	2,169			2,122			2,017			1,425			797			(63	)%
Income (loss) from Continuing Operations before Taxes	11			58			265			557			848			NM
Income Taxes (benefits)	(4		)	6			88			154			297			NM
Income (loss) from Continuing Operations	15			52			177			403			551			NM
Net Income (loss) Attributable to Minority Interests	—			—			—			—			—			—
Net Income (Loss)	$	15		$	52		$	177		$	403		$	551		NM
Average Assets (in billions of dollars)	$	121		$	117		$	118		$	120		$	120		(1	)%
Return on Assets	0.05		%	0.18		%	0.60		%	1.33		%	1.86		%
Net Credit Losses as a % of Average Loans	7.85		%	7.98		%	7.40		%	6.68		%	5.52		%
Revenue by Business
Retail Banking	$	1,280		$	1,323		$	1,372		$	1,350		$	1,187		(7	)%
Citi-Branded Cards	2,521			2,370			2,368			2,206			2,147			(15	)%
Total Revenues	$	3,801		$	3,693		$	3,740		$	3,556		$	3,334		(12	)%
Net Credit Losses by Business
Retail Banking	$	73		$	79		$	90		$	97		$	88		21	%
Citi-Branded Cards	2,084			2,047			1,881			1,671			1,352			(35	)%
Total Net Credit Losses	$	2,157		$	2,126		$	1,971		$	1,768		$	1,440		(33	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	165		$	206		$	205		$	183		$	91		(45	)%
Citi-Branded Cards	(150		)	(154		)	(28		)	220			460			NM
Total	$	15		$	52		$	177		$	403		$	551		NM

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

9

CITICORP REGIONAL CONSUMER BANKING NORTH AMERICA Page 2

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Retail Banking Key Indicators (in billions of dollars, except branches)
Branches	1,003			1,002			1,000			1,001			1,000			—
Accounts (in millions)	13.5			13.3			13.3			13.1			13.0			(4	)%
Investment AUMs	$	32.6		$	28.8		$	29.8		$	30.4		$	29.9		(8	)%
Average Deposits	$	144.2		$	145.5		$	144.9		$	144.5		$	143.6		—
Average Loans	$	32.2		$	30.7		$	29.7		$	29.7		$	31.9		(1	)%
EOP Loans:
Real Estate Lending	$	24.4		$	23.1		$	22.3		$	23.5		$	25.8		6	%
Commercial Markets	2.1			2.2			2.1			2.1			2.2			5	%
Personal and Other	5.0			4.9			5.0			5.1			5.0			—
Total EOP Loans	$	31.5		$	30.2		$	29.4		$	30.7		$	33.0		5	%
Mortgage Originations	$	10.3		$	11.2		$	18.6		$	21.8		$	14.1		37	%
Third Party Mortgage Servicing Portfolio (EOP in billions)	$	191.2		$	190.8		$	191.4		$	191.9		$	196.0		3	%
Net Servicing & Gain/(Loss) on Sale	$	207.8		$	271.7		$	344.3		$	282.4		$	129.0		(38	)%
Net Interest Revenue on Loans	$	183		$	162		$	152		$	142		$	170		(7	)%
As a % of Avg. Loans	2.30		%	2.12		%	2.03		%	1.90		%	2.16		%
Net Credit Losses	$	73		$	79		$	90		$	97		$	88		21	%
As a % of Avg. Loans	0.92		%	1.03		%	1.20		%	1.30		%	1.12		%
Loans 90+ Days Past Due (1)	$	142		$	245		$	221		$	228		$	241		70	%
As a % of EOP Loans	0.45		%	0.81		%	0.77		%	0.76		%	0.75		%
Loans 30-89 Days Past Due (1)	$	236		$	241		$	243		$	212		$	185		(22	)%
As a % of EOP Loans	0.75		%	0.80		%	0.85		%	0.71		%	0.58		%

(1)	The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.
	The amounts excluded for Loans 90+Days Past Due and (EOP Loans) are $188 million and ($0.8 billion) and $235 million and ($0.8) billion, and $352 million ($0.9) billion as of September 30, 2010, December 31, 2010 and March 31, 2011, respectively.
	The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) are $15 million and ($0.8 billion), $30 million and ($0.8) billion, and $52 million ($0.9) billion as of September 30, 2010, December 31, 2010 and March 31, 2011, respectively.
NM Not meaningful
Reclassified to conform to the current period’s presentation.

10

CITICORP REGIONAL CONSUMER BANKING NORTH AMERICA Page 3

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Citi-Branded Cards Key Indicators (in billions of dollars) (1)
EOP Open Accounts (in millions)	21.8			21.3			21.2			21.2			21.1			(3	)%
Purchase Sales	$	36.2		$	39.3		$	39.0		$	40.4		$	36.3		—
Average Loans (1)	$	79.2		$	76.2		$	76.0		$	75.3		$	73.9		(7	)%
EOP Loans (1)	$	77.7		$	77.2		$	76.6		$	77.5		$	73.2		(6	)%
Average Yield (2)	13.58		%	12.70		%	12.05		%	11.67		%	11.43		%
Net Interest Revenue (3)	$	2,103		$	1,940		$	1,927		$	1,914		$	1,791		(15	)%
As a % of Avg. Loans (3)	10.77		%	10.21		%	10.06		%	10.08		%	9.83		%
Net Credit Losses	$	2,084		$	2,047		$	1,881		$	1,671		$	1,352		(35	)%
As a % of Average Loans	10.67		%	10.77		%	9.82		%	8.80		%	7.42		%
Net Credit Margin (4)	$	437		$	318		$	481		$	530		$	789		81	%
As a % of Avg. Loans (4)	2.24		%	1.67		%	2.51		%	2.79		%	4.33		%
Loans 90+ Days Past Due	$	2,304		$	2,130		$	1,807		$	1,597		$	1,432		(38	)%
As a % of EOP Loans	2.97		%	2.76		%	2.36		%	2.06		%	1.96		%
Loans 30-89 Days Past Due	$	2,145		$	1,828		$	1,687		$	1,539		$	1,327		(38	)%
As a % of EOP Loans	2.76		%	2.37		%	2.20		%	1.99		%	1.81		%

(1)	Average Loans, EOP Loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(2)	Average Yield is gross interest revenue earned divided by average loans.
(3)	Net Interest Revenue includes certain fees that are recorded as interest revenue.
(4)	Net Credit Margin represents Total Revenues, net of Interest Expense, less Net Credit Losses and Policy Benefits and Claims.
NM Not meaningful
Reclassified to conform to the current period’s presentation.

11

CITICORP REGIONAL CONSUMER BANKING EMEA - PAGE 1 (In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	248		$	230		$	222		$	231		$	228		(8	)%
Non-Interest Revenue	157			146			127			150			170			8	%
Total Revenues, Net of Interest Expense	405			376			349			381			398			(2	)%
Total Operating Expenses	282			270			306			325			308			9	%
Net Credit Losses	97			85			65			73			49			(49	)%
Credit Reserve Build / (Release)	(10		)	(46		)	(51		)	(12		)	(33		)	NM
Provision for Unfunded Lending Committments	—			(4		)	—			—			—			—
Provision for Benefits & Claims	—			—			—			—			—			—
Provision for Loan Losses and for Benefits and Claims	87			35			14			61			16			(82	)%
Income (loss) from Continuing Operations before Taxes	36			71			29			(5		)	74			NM
Income Taxes (benefits)	12			23			9			(6		)	25			—
Income (loss) from Continuing Operations	24			48			20			1			49			NM
Net Income (loss) Attributable to Minority Interests	—			—			(1		)	—			—			—
Net Income (Loss)	$	24		$	48		$	21		$	1		$	49		NM
Average Assets (in billions of dollars)	$	10		$	10		$	10		$	10		$	10		0	%
Return on Assets	0.97		%	1.93		%	0.83		%	0.04		%	1.99		%
Net Credit Losses as a % of Average Loans	4.98		%	4.74		%	3.53		%	4.08		%	2.69		%
Revenue by Business
Retail Banking	$	222		$	205		$	186		$	217		$	219		(1	)%
Citi-Branded Cards	183			171			163			164			179			(2	)%
Total	$	405		$	376		$	349		$	381		$	398		(2	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	(9	)	$	6		$	(21	)	$	(29	)	$	4		NM
Citi-Branded Cards	33			42			41			30			45			36	%
Total	$	24		$	48		$	20		$	1		$	49		NM

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

12

CITICORP
REGIONAL CONSUMER BANKING
EMEA - PAGE 2

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Retail Banking Key Indicators (in billions of dollars, except branches)
Branches	310			304			300			298			297			(4	)%
Accounts (in millions)	3.7			3.7			3.7			3.7			3.6			(3	)%
Average Deposits	$	9.7		$	8.9		$	9.1		$	9.2		$	9.7		—
Investment Sales	$	0.7		$	0.7		$	0.6		$	0.9		$	1.0		43	%
Investment AUMs	$	4.4		$	4.1		$	4.6		$	4.9		$	5.3		20	%
Average Loans	$	5.0		$	4.5		$	4.5		$	4.3		$	4.5		(10	)%
EOP Loans:
Real Estate Lending	$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		—
Commercial Markets	1.5			1.4			1.6			1.5			1.8			20	%
Personal and Other	3.3			2.8			3.0			2.8			2.8			(15	)%
Total EOP Loans	$	4.9		$	4.3		$	4.7		$	4.4		$	4.7		(4	)%
Net Interest Revenue (1)	$	125		$	113		$	104		$	116		$	110		(12	)%
As a % of Average Loans (1)	10.14		%	10.07		%	9.17		%	10.70		%	9.91		%
Net Credit Losses	$	47		$	46		$	34		$	44		$	23		(51	)%
As a % of Average Loans	3.81		%	4.10		%	3.00		%	4.06		%	2.07		%
Loans 90+ Days Past Due	$	116		$	117		$	112		$	96		$	86		(26	)%
As a % of EOP Loans	2.37		%	2.72		%	2.38		%	2.18		%	1.83		%
Loans 30-89 Days Past Due	$	203		$	158		$	156		$	136		$	143		(30	)%
As a % of EOP Loans	4.14		%	3.67		%	3.32		%	3.09		%	3.04		%
Citi-Branded Cards Key Indicators (in billions of dollars)
EOP Open Accounts (in millions)	2.6			2.4			2.5			2.5			2.5			(4	)%
Purchase Sales	$	2.1		$	2.1		$	2.3		$	2.5		$	2.3		10	%
Average Loans (2)	$	2.9		$	2.7		$	2.8		$	2.8		$	2.9		—
EOP Loans (2)	$	2.9		$	2.6		$	2.9		$	2.8		$	2.9		—
Average Yield (3)	21.31		%	20.90		%	21.03		%	20.54		%	20.61		%
Net Interest Revenue (4)	$	123		$	117		$	118		$	115		$	118		(4	)%
As a % of Avg. Loans (4)	17.20		%	17.38		%	16.72		%	16.29		%	16.50		%
Net Credit Losses	$	50		$	39		$	31		$	29		$	26		(48	)%
As a % of Average Loans	6.99		%	5.79		%	4.39		%	4.11		%	3.64		%
Net Credit Margin (5)	$	133		$	132		$	132		$	135		$	153		15	%
As a % of Avg. Loans (5)	18.60		%	19.61		%	18.70		%	19.13		%	21.40		%
Loans 90+ Days Past Due	$	77		$	72		$	69		$	58		$	60		(22	)%
As a % of EOP Loans	2.66		%	2.77		%	2.38		%	2.07		%	2.07		%
Loans 30-89 Days Past Due	$	113		$	90		$	86		$	72		$	78		(31	)%
As a % of EOP Loans	3.90		%	3.46		%	2.97		%	2.57		%	2.69		%

(1)	Also includes Net Interest Revenue related to the region’s deposit balances in excess of the average loan portfolio.
(2)	Average Loans, EOP Loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(3)	Average Yield is gross interest revenue earned divided by average loans.
(4)	Net Interest Revenue includes certain fees that are recorded as interest revenue.
(5)	Net Credit Margin is Total Revenues, net of Interest Expense, less Net Credit Losses and Policy Benefits and Claims.
Reclassified to conform to the current period’s presentation.

13

CITICORP
REGIONAL CONSUMER BANKING
LATIN AMERICA - PAGE 1
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	1,458		$	1,471		$	1,501		$	1,579		$	1,574		8	%
Non-Interest Revenue	618			647			732			721			735			19	%
Total Revenues, Net of Interest Expense	2,076			2,118			2,233			2,300			2,309			11	%
Total Operating Expenses	1,175			1,294			1,290			1,413			1,365			16	%
Net Credit Losses	509			457			450			451			407			(20	)%
Credit Reserve Build / (Release)	(136		)	(241		)	(300		)	(149		)	(146		)	(7	)%
Provision for Unfunded Lending Committments	—			—			—			—			—			—
Provision for Benefits & Claims	36			22			32			37			38			6	%
Provision for Loan Losses and for Benefits and Claims	409			238			182			339			299			(27	)%
Income (loss) from Continuing Operations before Taxes	492			586			761			548			645			31	%
Income Taxes (benefits)	125			113			224			114			161			29	%
Income (loss) from Continuing Operations	367			473			537			434			484			32	%
Net Income (loss) Attributable to Minority Interests	(5		)	—			(3		)	—			(2		)	60	%
Net Income (Loss)	$	372		$	473		$	540		$	434		$	486		31	%
Average Assets (in billions of dollars)	$	72		$	74		$	74		$	75		$	79		10	%
Return on Assets	2.10		%	2.56		%	2.90		%	2.30		%	2.49		%
Net Credit Losses as a % of Average Loans	6.75		%	5.84		%	5.48		%	5.22		%	4.60		%
Revenue by Business
Retail Banking	$	1,196		$	1,236		$	1,300		$	1,343		$	1,348		13	%
Citi-Branded Cards	880			882			933			957			961			9	%
Total	$	2,076		$	2,118		$	2,233		$	2,300		$	2,309		11	%
Income (loss) from Continuing Operations by Business
Retail Banking	$	234		$	257		$	256		$	213		$	305		30	%
Citi-Branded Cards	133			216			281			221			179			35	%
Total	$	367		$	473		$	537		$	434		$	484		32	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

14

CITICORP
REGIONAL CONSUMER BANKING
LATIN AMERICA - PAGE 2

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Retail Banking Key Indicators (in billions of dollars, except branches)
Branches	2,145			2,151			2,161			2,190			2,196			2	%
Accounts (in millions)	25.9			25.9			26.5			26.6			26.6			3	%
Average Deposits	$	39.6		$	39.9		$	40.6		$	42.6		$	45.6		15	%
Investment Sales	$	14.5		$	13.1		$	10.6		$	10.0		$	13.1		(10	)%
Investment AUMs	$	37.9		$	39.1		$	43.2		$	45.0		$	47.4		25	%
Average Loans	$	18.5		$	19.4		$	20.3		$	21.3		$	22.5		22	%
EOP Loans:
Real Estate Lending	$	3.6		$	3.7		$	3.9		$	4.2		$	4.7		31	%
Commercial Markets	9.8			10.5			11.1			11.8			12.5			28	%
Personal and Other	6.0			5.4			5.8			5.6			6.3			5	%
Total EOP Loans	$	19.4		$	19.6		$	20.8		$	21.6		$	23.5		21	%
Net Interest Revenue (1)	$	790		$	794		$	814		$	855		$	876		11	%
As a % of Avg. Loans (1)	17.32		%	16.42		%	15.91		%	15.93		%	15.79		%
Net Credit Losses	$	91		$	96		$	128		$	123		$	103		13	%
As a % of Average Loans	1.99		%	1.98		%	2.50		%	2.29		%	1.86		%
Loans 90+ Days Past Due	$	323		$	308		$	290		$	224		$	249		(23	)%
As a % of EOP Loans	1.66		%	1.57		%	1.39		%	1.04		%	1.06		%
Loans 30-89 Days Past Due	$	391		$	338		$	404		$	267		$	326		(17	)%
As a % of EOP Loans	2.02		%	1.72		%	1.94		%	1.24		%	1.39		%
Citi-Branded Cards Key Indicators (in billions of dollars)
EOP Open Accounts (in millions)	12.1			12.2			12.4			12.5			12.7			5	%
Purchase Sales	$	7.3		$	7.5		$	8.2		$	9.6		$	9.1		25	%
Average Loans (2)	$	12.1		$	12.0		$	12.3		$	13.0		$	13.4		11	%
EOP Loans (2)	$	12.1		$	12.0		$	12.6		$	13.4		$	13.5		12	%
Average Yield (3)	24.58		%	25.10		%	26.00		%	27.70		%	25.67		%
Net Interest Revenue (4)	$	668		677			$	687		$	724		$	698		4	%
As a % of Avg. Loans (4)	22.39		%	22.63		%	22.16		%	22.10		%	21.13		%
Net Credit Losses	$	418		361			$	322		328			$	304		(27	)%
As a % of Average Loans	14.01		%	12.07		%	10.39		%	10.01		%	9.20		%
Net Credit Margin (5)	$	462		$	521		$	611		$	629		$	657		42	%
As a % of Avg. Loans (5)	15.48		%	17.41		%	19.71		%	19.20		%	19.88		%
Loans 90+ Days Past Due	$	510		$	481		$	472		$	446		$	445		(13	)%
As a % of EOP Loans	4.21		%	4.01		%	3.75		%	3.33		%	3.30		%
Loans 30-89 Days Past Due	$	475		$	485		$	442		$	456		$	454		(4	)%
As a % of EOP Loans	3.93		%	4.04		%	3.51		%	3.40		%	3.36		%

(1)	Also includes Net Interest Revenue related to the region’s deposit balances in excess of the average loan portfolio.
(2)	Average Loans, EOP Loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(3)	Average Yield is gross interest revenue earned divided by average loans.
(4)	Net Interest Revenue includes certain fees that are recorded as interest revenue.
(5)	Net Credit Margin is Total Revenues, net of Interest Expense, less Net Credit Losses and Policy Benefits and Claims.

Reclassified to conform to the current period’s presentation.

15

CITICORP
REGIONAL CONSUMER BANKING
ASIA - PAGE 1
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	1,257		$	1,295		$	1,232		$	1,304		$	1,326		5	%
Non-Interest Revenue	543			550			607			626			575			6	%
Total Revenues, Net of Interest Expense	1,800			1,845			1,839			1,930			1,901			6	%
Total Operating Expenses	920			962			1,036			1,131			1,120			22	%
Net Credit Losses	277			254			245			236			212			(23	)%
Credit Reserve Build / (Release)	(38		)	(112		)	(92		)	(43		)	(34		)	11	%
Provision for Unfunded Lending Committments	—			—			—			—			—			—
Provision for Benefits & Claims	—			—			—			—			—			—
Provision for Loan Losses and for Benefits and Claims	239			142			153			193			178			(26	)%
Income (loss) from Continuing Operations before Taxes	641			741			650			606			603			(6	)%
Income Taxes (benefits)	74			175			153			97			142			92	%
Income (loss) from Continuing Operations	567			566			497			509			461			(19	)%
Net Income (loss) Attributable to Minority Interests	—			—			—			—			—			—
Net Income (Loss)	$	567		$	566		$	497		$	509		$	461		(19	)%
Average Assets (in billions of dollars)	$	105		$	105		$	109		$	114		$	118		12	%
Return on Assets	2.19		%	2.16		%	1.81		%	1.77		%	1.58		%
Net Credit Losses as a % of Average Loans	1.57		%	1.41		%	1.29		%	1.18		%	1.04		%
Revenue by Business
Retail Banking	$	1,116		$	1,152		$	1,147		$	1,189		$	1,153		3	%
Citi-Branded Cards	684			693			692			741			748			9	%
Total	$	1,800		$	1,845		$	1,839		$	1,930		$	1,901		6	%
Income (loss) from Continuing Operations by Business
Retail Banking	$	409		$	374		$	324		$	335		$	281		(31	)%
Citi-Branded Cards	158			192			173			174			180			14	%
Total	$	567		$	566		$	497		$	509		$	461		(19	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

16

CITICORP
REGIONAL CONSUMER BANKING
ASIA - PAGE 2

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Retail Banking Key Indicators (in billions of dollars, except branches)
Branches	704			704			707			711			707			—
Accounts (in millions)	16.1			16.0			16.3			16.1			16.2			1	%
Average Deposits	$	95.7		$	97.1		$	101.0		$	105.6		$	108.1		13	%
Investment Sales	$	8.9		$	9.6		$	10.1		$	12.8		$	11.3		27	%
Investment AUMs	$	45.9		$	44.8		$	47.8		$	50.2		$	51.3		12	%
Average Loans	$	53.8		$	54.7		$	57.0		$	59.9		$	62.5		16	%
EOP Loans:
Real Estate Lending	$	27.9		$	27.8		$	30.2		$	31.7		$	33.3		19	%
Commercial Markets	13.5			14.7			14.8			15.4			16.6			23	%
Personal and Other	13.4			12.5			13.8			14.1			14.2			6	%
Total EOP Loans	$	54.8		$	55.0		$	58.8		$	61.2		$	64.1		17	%
Net Interest Revenue (1)	$	793		$	822		$	780		$	798		$	805		2	%
As a % of Avg. Loans (1)	5.98		%	6.03		%	5.43		%	5.29		%	5.22		%
Net Credit Losses	$	78		$	83		$	81		$	79		$	63		(19	)%
As a % of Average Loans	0.59		%	0.61		%	0.56		%	0.52		%	0.41		%
Loans 90+ Days Past Due	$	246		$	207		$	226		$	225		$	235		(4	)%
As a % of EOP Loans	0.45		%	0.38		%	0.38		%	0.37		%	0.37		%
Loans 30-89 Days Past Due	$	476		$	470		$	476		$	533		$	491		3	%
As a % of EOP Loans	0.87		%	0.85		%	0.81		%	0.87		%	0.77		%
Citi-Branded Cards Key Indicators (in billions of dollars)
EOP Open Accounts (in millions)	14.8			14.9			15.0			15.1			15.4			4	%
Purchase Sales	$	14.5		$	15.0		$	16.0		$	18.0		$	17.2		19	%
Average Loans (2)	$	17.8		$	17.6		$	18.4		$	19.5		$	20.1		13	%
EOP Loans (2)	$	17.5		$	17.6		$	19.0		$	20.4		$	20.0		14	%
Average Yield (3)	13.17		%	13.20		%	12.32		%	12.65		%	12.88		%
Net Interest Revenue (4)	$	464		473			$	452		$	506		$	521		12	%
As a % of Avg. Loans (4)	10.57		%	10.78		%	9.75		%	10.29		%	10.51		%
Net Credit Losses	$	199		$	171		$	164		$	157		$	149		(25	)%
As a % of Average Loans	4.53		%	3.90		%	3.54		%	3.19		%	3.01		%
Net Credit Margin (5)	$	485		$	522		$	528		$	584		$	599		24	%
As a % of Avg. Loans (5)	11.05		%	11.90		%	11.38		%	11.88		%	12.09		%
Loans 90+ Days Past Due	$	264		$	246		$	242		$	240		$	235		(11	)%
As a % of EOP Loans	1.51		%	1.40		%	1.27		%	1.18		%	1.18		%
Loans 30-89 Days Past Due	$	361		$	324		$	328		$	340		$	358		(1	)%
As a % of EOP Loans	2.06		%	1.84		%	1.73		%	1.67		%	1.79		%

(1)	Also includes Net Interest Revenue related to the region’s deposit balances in excess of the average loan portfolio.
(2)	Average Loans, EOP Loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(3)	Average Yield is gross interest revenue earned divided by average loans.
(4)	Net Interest Revenue includes certain fees that are recorded as interest revenue.
(5)	Net Credit Margin is Total Revenues, net of Interest Expense, less Net Credit Losses and Policy Benefits and Claims.
Reclassified to conform to the current period’s presentation.

17

CITICORP
INSTITUTIONAL CLIENTS GROUP
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Commissions and Fees	$	1,108		$	1,086		$	1,016		$	1,056		$	1,132		2	%
Administration and Other Fiduciary Fees	721			615			672			739			744			3	%
Investment Banking	953			592			829			1,146			793			(17	)%
Principal Transactions	3,307			1,777			1,539			(1,056		)	2,260			(32	)%
Other	398			419			286			339			(121		)	NM
Total Non-Interest Revenue	6,487			4,489			4,342			2,224			4,808			(26	)%
Net Interest Revenue (including Dividends)	3,953			3,968			3,786			3,869			3,754			(5	)%
Total Revenues, Net of Interest Expense	10,440			8,457			8,128			6,093			8,562			(18	)%
Total Operating Expenses	4,597			5,137			4,841			4,999			5,119			11	%
Net Credit Losses	102			43			289			134			210			NM
Provision for Unfunded Lending Commitments	(7		)	(22		)	1			—			4			NM
Credit Reserve Build / (Release)	(180		)	(231		)	(24		)	(189		)	(396		)	NM
Provision for Benefits & Claims	—			—			—			—			—			—
Provision for Credit Losses and for Benefits and Claims	(85		)	(210		)	266			(55		)	(182		)	NM
Income (loss) from Continuing Operations before Taxes	5,928			3,530			3,021			1,149			3,625			(39	)%
Income Taxes (benefits)	1,812			930			719			24			1,075			(41	)%
Income from Continuing Operations	4,116			2,600			2,302			1,125			2,550			(38	)%
Net Income Attributable to Minority Interests	26			20			34			51			13			(50	)%
Net Income	$	4,090		$	2,580		$	2,268		$	1,074		$	2,537		(38	)%
Average Assets (in billions of dollars)	$	925		$	944		$	941		$	975		$	996		8	%
Return on Assets	1.79		%	1.10		%	0.96		%	0.44		%	1.03		%
Revenue by Region
North America	$	4,192		$	3,263		$	2,823		$	1,597		$	2,938		(30	)%
EMEA	3,348			2,610			2,568			1,672			2,895			(14	)%
Latin America	951			914			1,023			1,134			990			4	%
Asia	1,949			1,670			1,714			1,690			1,739			(11	)%
Total	$	10,440		$	8,457		$	8,128		$	6,093		$	8,562		(18	)%
Income from Continuing Operations by Region
North America	$	1,583		$	974		$	558		$	(118	)	$	571		(64	)%
EMEA	1,324			675			803			228			1,043			(21	)%
Latin America	421			354			444			512			442			5	%
Asia	788			597			497			503			494			(37	)%
Total	$	4,116		$	2,600		$	2,302		$	1,125		$	2,550		(38	)%
Average Loans by Region (in billions)
North America	$	68		68			66			66			$	66		(3	)%
EMEA	37			37			38			40			42			14	%
Latin America	22			21			22			23			24			9	%
Asia	30			34			37			41			44			47	%
Total	$	157		$	160		$	163		$	170		$	176		12	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

18

CITICORP
INSTITUTIONAL CLIENTS GROUP
SECURITIES AND BANKING
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	2,565		$	2,570		$	2,353		$	2,439		$	2,324		(9	)%
Non-Interest Revenue	5,438			3,385			3,240			1,094			3,688			(32	)%
Total Revenues, Net of Interest Expense	8,003			5,955			5,593			3,533			6,012			(25	)%
Total Operating Expenses	3,437			3,958			3,607			3,678			3,802			11	%
Net Credit Losses	101			42			288			132			204			NM
Provision for Unfunded Lending Commitments	(7		)	(22		)	1			—			4			NM
Credit Reserve Build / (Release)	(162		)	(196		)	(8		)	(194		)	(397		)	NM
Provision for Benefits & Claims	—			—			—			—			—			—
Provision for Loan Losses and for Benefits and Claims	(68		)	(176		)	281			(62		)	(189		)	NM
Income (loss) from Continuing Operations before Taxes	4,634			2,173			1,705			(83		)	2,399			(48	)%
Income Taxes (benefits)	1,453			501			325			(337		)	694			(52	)%
Income from Continuing Operations	3,181			1,672			1,380			254			1,705			(46	)%
Net Income (loss) Attributable to Minority Interests	21			15			29			45			9			(57	)%
Net Income	$	3,160		$	1,657		$	1,351		$	209		$	1,696		(46	)%
Average Assets (in billions of dollars)	827			845			833			856			875			6	%
Return on Assets	1.55		%	0.79		%	0.64		%	0.10		%	0.79		%
Revenue Details:
Investment Banking:
Advisory	$	198		$	88		$	237		$	197		$	143		(28	)%
Equity Underwriting	224			157			152			404			204			(9	)%
Debt Underwriting	635			429			541			566			504			(21	)%
Total Investment Banking	1,057			674			930			1,167			851			(19	)%
Lending	243			522			(18		)	185			244			—
Equity Markets	1,213			652			1,040			596			1,070			(12	)%
Fixed Income Markets	5,380			3,713			3,501			1,481			3,795			(29	)%
Private Bank	494			512			497			501			515			4	%
Other Securities and Banking	(384		)	(118		)	(357		)	(397		)	(463		)	(21	)%
Total Securities and Banking Revenues	$	8,003		$	5,955		$	5,593		$	3,533		$	6,012		(25	)%
Credit Valuation Adjustment (CVA) {included in lines above}	285			255			99			(1,038		)	(229		)	NM
Total Revenues Excluding CVA	$	7,718		$	5,700		$	5,494		$	4,571		$	6,241		(19	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

19

CITICORP
INSTITUTIONAL CLIENTS GROUP
TRANSACTION SERVICES
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	1,388		$	1,398		$	1,433		$	1,430		$	1,430		3	%
Non-Interest Revenue	1,049			1,104			1,102			1,130			1,120			7	%
Total Revenues, Net of Interest Expense	2,437			2,502			2,535			2,560			2,550			5	%
Total Operating Expenses	1,160			1,179			1,234			1,321			1,317			14	%
Net Credit Losses	1			1			1			2			6			NM
Provision for Unfunded Lending Commitments	—			—			—			—			—			—
Credit Reserve Build / (Release)	(18		)	(35		)	(16		)	5			1			NM
Provision for Benefits & Claims	—			—			—			—			—			—
Provision for Credit Losses and for Benefits and Claims	(17		)	(34		)	(15		)	7			7			NM
Income from Continuing Operations before Taxes	1,294			1,357			1,316			1,232			1,226			(5	)%
Income Taxes	359			429			394			361			381			6	%
Income from Continuing Operations	935			928			922			871			845			(10	)%
Net Income Attributable to Minority Interests	5			5			5			6			4			(20	)%
Net Income	$	930		$	923		$	917		$	865		$	841		(10	)%
Average Assets (in billions of dollars)	$	98		$	99		$	108		$	119		$	121		23	%
Return on Assets	3.85		%	3.74		%	3.37		%	2.88		%	2.82		%
Revenue Details
Treasury and Trade Solutions	$	1,781		$	1,805		$	1,846		$	1,830		$	1,832		3	%
Securities and Fund Services	656			697			689			730			718			9	%
Total	$	2,437		$	2,502		$	2,535		$	2,560		$	2,550		5	%
Average Deposits and Other Customer Liability Balances (in billions)
North America	$	72		74			81			78			$	79		10	%
EMEA	106			106			111			116			118			11	%
Latin America	26			25			26			29			32			23	%
Asia	115			115			122			130			126			10	%
Total	$	319		$	320		$	340		$	353		$	355		11	%
EOP Assets Under Custody (in trillions of dollars)	$	11.8		$	11.3		$	12.4		$	12.6		$	13.0		10	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

20

CITICORP
North America
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	4,554		$	4,367		$	4,022		$	4,050		$	3,900		(14	)%
Non-Interest Revenue	3,439			2,589			2,541			1,103			2,372			(31	)%
Total Revenues, Net of Interest Expense	7,993			6,956			6,563			5,153			6,272			(22	)%
Total Operating Expenses	3,462			3,595			3,351			3,561			3,774			9	%
Net Credit Losses	2,232			2,144			2,240			1,840			1,595			(29	)%
Credit Reserve Build / (Release)	(25		)	(72		)	215			(477		)	(722		)	NM
Provision Unfunded Lending Commitments	(1		)	(20		)	(5		)	1			9			NM
Provision for Benefits & Claims	7			5			6			5			6			(14	)%
Provision for Credit Losses and for Benefits and Claims	2,213			2,057			2,456			1,369			888			(60	)%
Income from Continuing Operations before Taxes	2,318			1,304			756			223			1,610			(31	)%
Income Taxes	720			278			21			(62		)	488			(32	)%
Income from Continuing Operations	1,598			1,026			735			285			1,122			(30	)%
Net Income Attributable to Minority Interests	5			1			14			33			(8		)	NM
Net Income	$	1,593		$	1,025		$	721		$	252		$	1,130		(29	)%
Average Assets (in billions of dollars)	$	548		$	561		$	537		$	550		$	545		(1	)%
Return on Assets	1.18		%	0.73		%	0.53		%	0.18		%	0.84		%
Revenue by Business
Retail Banking	$	1,280		$	1,323		$	1,372		$	1,350		$	1,187		(7	)%
Citi-Branded Cards	2,521			2,370			2,368			2,206			2,147			(15	)%
Regional Consumer Banking	3,801			3,693			3,740			3,556			3,334			(12	)%
Securities and Banking	3,553			2,627			2,203			1,009			2,328			(34	)%
Transaction Services	639			636			620			588			610			(5	)%
Total Revenues	$	7,993		$	6,956		$	6,563		$	5,153		$	6,272		(22	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	165		$	206		$	205		$	183		$	91		(45	)%
Citi-Branded Cards	(150		)	(154		)	(28		)	220			460			NM
Regional Consumer Banking	15			52			177			403			551			NM
Securities and Banking	1,422			816			430			(203		)	458			(68	)%
Transaction Services	161			158			128			85			113			(30	)%
Total	$	1,598		$	1,026		$	735		$	285		$	1,122		(30	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

21

CITICORP
EMEA
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	1,174		$	1,203		$	1,215		$	1,210		$	1,168		(1	)%
Non-Interest Revenue	2,579			1,783			1,702			843			2,125			(18	)%
Total Revenues, Net of Interest Expense	3,753			2,986			2,917			2,053			3,293			(12	)%
Total Operating Expenses	1,788			2,059			1,821			1,849			1,891			6	%
Net Credit Losses	116			94			82			124			92			(21	)%
Credit Reserve Build / (Release)	(174		)	(165		)	(150		)	(45		)	(274		)	(57	)%
Provision Unfunded Lending Commitments	(6		)	(5		)	6			(1		)	(5		)	17	%
Provision for Benefits & Claims	—			—			—			—			—			—
Provision for Credit Losses and for Benefits and Claims	(64		)	(76		)	(62		)	78			(187		)	NM
Income from Continuing Operations before Taxes	2,029			1,003			1,158			126			1,589			(22	)%
Income Taxes	681			280			335			(103		)	497			(27	)%
Income from Continuing Operations	1,348			723			823			229			1,092			(19	)%
Net Income Attributable to Minority Interests	20			17			17			17			21			5	%
Net Income	$	1,328		$	706		$	806		$	212		$	1,071		(19	)%
Average Assets (in billions of dollars)	$	240		$	228		$	238		$	247		$	263		10	%
Return on Assets	2.24		%	1.24		%	1.34		%	0.34		%	1.65		%
Revenue by Business
Retail Banking	$	222		$	205		$	186		$	217		$	219		(1	)%
Citi-Branded Cards	183			171			163			164			179			(2	)%
Regional Consumer Banking	405			376			349			381			398			(2	)%
Securities and Banking	2,515			1,762			1,733			832			2,059			(18	)%
Transaction Services	833			848			835			840			836			—
Total	$	3,753		$	2,986		$	2,917		$	2,053		$	3,293		(12	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	(9	)	$	6		$	(21	)	$	(29	)	$	4		NM
Citi-Branded Cards	33			42			41			30			45			36	%
Regional Consumer Banking	24			48			20			1			49			NM
Securities and Banking	1,021			355			497			(68		)	765			(25	)%
Transaction Services	303			320			306			296			278			(8	)%
Total	$	1,348		$	723		$	823		$	229		$	1,092		(19	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

22

CITICORP
LATIN AMERICA
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	2,189		$	2,176		$	2,248		$	2,395		$	2,357		8	%
Non-Interest Revenue	838			856			1,008			1,039			942			12	%
Total Revenues, Net of Interest Expense	3,027			3,032			3,256			3,434			3,299			9	%
Total Operating Expenses	1,525			1,673			1,692			1,834			1,787			17	%
Net Credit Losses	511			471			452			463			411			(20	)%
Credit Reserve Build / (Release)	(153		)	(256		)	(353		)	(157		)	(239		)	(56	)%
Provision Unfunded Lending Commitments	—			—			—			—			—			—
Provision for Benefits & Claims	36			22			32			37			38			6	%
Provision for Credit Losses and for Benefits and Claims	394			237			131			343			210			(47	)%
Income from Continuing Operations before Taxes	1,108			1,122			1,433			1,257			1,302			18	%
Income Taxes	320			295			452			311			376			18	%
Income from Continuing Operations	788			827			981			946			926			18	%
Net Income Attributable to Minority Interests	(5		)	1			(2		)	—			(3		)	40	%
Net Income	$	793		$	826		$	983		$	946		$	929		17	%
Average Assets (in billions of dollars)	$	146		$	150		$	151		$	159		$	171		17	%
Return on Assets	2.20		%	2.21		%	2.58		%	2.36		%	2.20		%
Revenue by Business
Retail Banking	$	1,196		$	1,236		$	1,300		$	1,343		$	1,348		13	%
Citi-Branded Cards	880			882			933			957			961			9	%
Regional Consumer Banking	2,076			2,118			2,233			2,300			2,309			11	%
Securities and Banking	607			558			639			728			582			(4	)%
Transaction Services	344			356			384			406			408			19	%
Total	$	3,027		$	3,032		$	3,256		$	3,434		$	3,299		9	%
Income (loss) from Continuing Operations by Business
Retail Banking	$	234		$	257		$	256		$	213		$	305		30	%
Citi-Branded Cards	133			216			281			221			179			35	%
Regional Consumer Banking	367			473			537			434			484			32	%
Securities and Banking	269			200			274			340			272			1	%
Transaction Services	152			154			170			172			170			12	%
Total	$	788		$	827		$	981		$	946		$	926		18	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

23

CITICORP
ASIA
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	1,953		$	1,996		$	1,990		$	2,078		$	2,081		7	%
Non-Interest Revenue	1,796			1,519			1,563			1,542			1,559			(13	)%
Total Revenues, Net of Interest Expense	3,749			3,515			3,553			3,620			3,640			(3	)%
Total Operating Expenses	1,820			1,849			2,067			2,198			2,149			18	%
Net Credit Losses	283			256			246			235			220			(22	)%
Credit Reserve Build / (Release)	(8		)	(146		)	(139		)	(62		)	(23		)	NM
Provision Unfunded Lending Commitments	—			(1		)	—			—			—			—
Provision for Benefits & Claims	1			—			—			—			—			(100	)%
Provision for Credit Losses and for Benefits and Claims	276			109			107			173			197			(29	)%
Income from Continuing Operations before Taxes	1,653			1,557			1,379			1,249			1,294			(22	)%
Income Taxes (benefits)	298			394			385			237			339			14	%
Income from Continuing Operations	1,355			1,163			994			1,012			955			(30	)%
Net Income Attributable to Minority Interests	1			1			1			1			1			—
Net Income	$	1,354		$	1,162		$	993		$	1,011		$	954		(30	)%
Average Assets (in billions of dollars)	$	299		$	311		$	326		$	338		$	344		15	%
Return on Assets	1.84		%	1.50		%	1.21		%	1.19		%	1.12		%
Revenue by Business
Retail Banking	$	1,116		$	1,152		$	1,147		$	1,189		$	1,153		3	%
Citi-Branded Cards	684			693			692			741			748			9	%
Regional Consumer Banking	1,800			1,845			1,839			1,930			1,901			6	%
Securities and Banking	1,328			1,008			1,018			964			1,043			(21	)%
Transaction Services	621			662			696			726			696			12	%
Total	$	3,749		$	3,515		$	3,553		$	3,620		$	3,640		(3	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	409		$	374		$	324		$	335		$	281		(31	)%
Citi-Branded Cards	158			192			173			174			180			14	%
Regional Consumer Banking	567			566			497			509			461			(19	)%
Securities and Banking	469			301			179			185			210			(55	)%
Transaction Services	319			296			318			318			284			(11	)%
Total	$	1,355		$	1,163		$	994		$	1,012		$	955		(30	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

24

CITI HOLDINGS
STATEMENT OF INCOME AND BALANCE SHEET DATA
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Revenues
Net interest revenue	$	4,375		$	3,971		$	3,519		$	2,908		$	2,630		(40	)%
Non-interest revenue	2,175			948			334			1,057			653			(70	)%
Total revenues, net of interest expense	6,550			4,919			3,853			3,965			3,283			(50	)%
Provisions for Credit Losses and for Benefits and Claims
Net Credit Losses	5,241			4,998			4,640			4,191			3,950			(25	)%
Credit Reserve Build / (Release)	340			(800		)	(1,567		)	(1,473		)	(2,112		)	NM
Provision for loan losses	5,581			4,198			3,073			2,718			1,838			(67	)%
Provision for Benefits & Claims	243			185			189			196			216			(11	)%
Provision for unfunded lending commitments	(26		)	(45		)	26			(37		)	21			NM
Total provisions for credit losses and for benefits and claims	5,798			4,338			3,288			2,877			2,075			(64	)%
Total operating expenses	2,573			2,435			2,228			2,379			2,019			(22	)%
Income (Loss) from Continuing Operations before Income Taxes	(1,821		)	(1,854		)	(1,663		)	(1,291		)	(811		)	55	%
Provision (benefits) for income taxes	(946		)	(650		)	(597		)	(380		)	(264		)	72	%
Income (Loss) from Continuing Operations	(875		)	(1,204		)	(1,066		)	(911		)	(547		)	37	%
Net Income (Loss) attributable to noncontrolling Minority Interests (Minority Interest)	11			8			80			108			61			NM
Citi Holding’s Net Income (Loss)	$	(886	)	$	(1,212	)	$	(1,146	)	$	(1,019	)	$	(608	)	31	%
Balance Sheet Data (in billions):
Total EOP Assets	$	503		$	465		$	421		$	359		$	337		(33	)%
Total EOP Deposits	$	86		$	82		$	82		$	79		$	77		(10	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

25

CITI HOLDINGS
BROKERAGE AND ASSET MANAGEMENT
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	(65	)	$	(71	)	$	(87	)	$	(54	)	$	(46	)	—
Non-Interest Revenue	405			212			79			190			183			(55	)%
Total Revenues, Net of Interest Expense	340			141			(8		)	136			137			(60	)%
Total Operating Expenses	273			267			231			216			174			(36	)%
Net Credit Losses	11			1			2			3			1			(91	)%
Credit Reserve Build / (Release)	(7		)	(3		)	(4		)	(4		)	(1		)	86	%
Provision for Benefits & Claims	9			9			9			11			8			(11	)%
Provision for Unfunded Lending Commitments	—			(6		)	—			—			—			—
Provision for Loan Losses and for Benefits and Claims	13			1			7			10			8			(38	)%
Income (loss) from Continuing Operations before Taxes	54			(127		)	(246		)	(90		)	(45		)	NM
Income Taxes (benefits)	(22		)	(33		)	(93		)	(35		)	(35		)	(59	)%
Income (loss) from Continuing Operations	76			(94		)	(153		)	(55		)	(10		)	NM
Net Income (loss) Attributable to Minority Interests	(5		)	7			6			3			2			NM
Net Income (Loss)	$	81		$	(101	)	$	(159	)	$	(58	)	$	(12	)	NM
EOP Assets (in billions of dollars)	$	31		$	30		$	28		$	27		$	27		(13	)%
EOP Deposits (in billions of dollars)	$	59		$	57		$	57		$	58		$	58		(2	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

26

CITI HOLDINGS
LOCAL CONSUMER LENDING
Page 1
(In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Net Interest Revenue	$	4,020		$	3,688		$	3,383		$	2,740		$	2,617		(35	)%
Non-Interest Revenue	650			518			164			663			536			(18	)%
Total Revenues, Net of Interest Expense	4,670			4,206			3,547			3,403			3,153			(32	)%
Total Operating Expenses	2,165			2,039			1,876			1,977			1,763			(19	)%
Net Credit Losses	4,938			4,535			3,949			3,618			3,279			(34	)%
Credit Reserve Build / (Release)	386			(421		)	(953		)	(783		)	(1,110		)	NM
Provision for Benefits & Claims	234			176			180			185			208			(11	)%
Provision for Unfunded Lending Commitments	—			—			—			—			—			—
Provision for Loan Losses and for Benefits and Claims	5,558			4,290			3,176			3,020			2,377			(57	)%
Income (loss) from Continuing Operations before Taxes	(3,053		)	(2,123		)	(1,505		)	(1,594		)	(987		)	68	%
Income Taxes (benefits)	(1,224		)	(897		)	(675		)	(491		)	(388		)	68	%
Income (loss) from Continuing Operations	(1,829		)	(1,226		)	(830		)	(1,103		)	(599		)	67	%
Net Income (loss) Attributable to Minority Interests	—			7			—			1			—			—
Net Income (Loss)	$	(1,829	)	$	(1,233	)	$	(830	)	$	(1,104	)	$	(599	)	67	%
Average Assets (in billions of dollars)	$	355		$	333		$	317		$	291		$	246		(31	)%
EOP Assets (in billions of dollars)	$	346		$	323		$	298		$	252		$	237		(32	)%
Net Credit Losses as a % of Average Loans	6.30		%	6.03		%	6.31		%	6.21		%	6.10		%
Revenue by Business
International	$	335		$	444		$	500		$	231		$	115		(66	)%
Retail Partner Cards	2,206			2,113			2,060			1,787			1,741			(21	)%
North America (ex Cards)	2,129			1,649			987			1,385			1,297			(39	)%
Total Revenues	$	4,670		$	4,206		$	3,547		$	3,403		$	3,153		(32	)%
Net Credit Losses by Business
International	$	612		$	495		$	444		$	376		$	341		(44	)%
Retail Partner Cards	1,932			1,775			1,505			1,352			1,111			(42	)%
North America (ex Cards)	2,394			2,265			2,000			1,890			1,827			(24	)%
Total Net Credit Losses	$	4,938		$	4,535		$	3,949		$	3,618		$	3,279		(34	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

27

CITI HOLDINGS LOCAL CONSUMER LENDING                - Page 2 (In millions of dollars, except branches)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
International Key Indicators
Branches	539			537			537			506			503			(7	)%
Average Loans (in billions of dollars) (2)	$	30.0		$	26.1		$	25.0		$	23.6		$	18.9		(37	)%
EOP Loans (2):
Real Estate Lending	$	7.8		$	7.0		$	7.0		$	6.6		$	6.5		(17	)%
Cards	7.0			6.2			6.5			6.2			3.5			(50	)%
Commercial Markets	1.1			0.9			1.0			0.9			0.8			(27	)%
Personal and Other	11.8			10.5			10.2			8.2			7.3			(38	)%
EOP Loans (in billions of dollars)	$	27.7		$	24.6		$	24.7		$	21.9		$	18.1		(35	)%
Net Interest Revenue	$	465		$	390		$	396		$	144		$	20		(96	)%
As a % of Average Loans	6.29		%	5.99		%	6.28		%	2.42		%	0.43		%
Net Credit Losses	$	612		$	495		$	444		$	376		$	341		(44	)%
As a % of Average Loans	8.27		%	7.61		%	7.05		%	6.32		%	7.32		%
Loans 90+ Days Past Due	$	953		$	724		$	713		$	657		$	571		(40	)%
As a % of EOP Loans	3.44		%	2.94		%	2.89		%	3.00		%	3.15		%
Loans 30-89 Days Past Due	$	1,059		$	939		$	978		$	848		$	815		(23	)%
As a % of EOP Loans	3.82		%	3.82		%	3.96		%	3.87		%	4.50		%
North America Key Indicators - Retail Partner Cards (1)
EOP Open Accounts (in millions)	95.1			92.4			90.8			89.1			86.5			(9	)%
Purchase Sales (in billions of dollars)	$	18.7		$	21.4		$	20.1		$	21.9		$	16.3		(13	)%
Average Loans (1)	$	57.1		$	53.1		$	48.8		$	45.8		$	43.8		(23	)%
EOP Loans (in billions of dollars) (1)	$	54.5		$	50.2		$	46.0		$	46.4		$	41.3		(24	)%
Average Yield (2)	18.27		%	18.31		%	18.53		%	17.69		%	18.74		%
Net Interest Revenue (3)	$	2,044		$	1,989		$	1,878		$	1,664		$	1,651		(19	)%
As a % of Avg. Managed Loans	14.52		%	15.02		%	15.27		%	14.41		%	15.29		%
Net Credit Losses	$	1,932		$	1,775		$	1,505		$	1,352		$	1,111		(42	)%
As a % of Avg. Managed Loans	13.72		%	13.41		%	12.24		%	11.71		%	10.29		%
Net Credit Margin (4)	$	254		$	318		$	536		$	416		$	607		NM
As a % of Avg. Managed Loans	1.80		%	2.40		%	4.36		%	3.60		%	5.62		%
Loans 90+ Days Past Due	$	2,385		$	2,004		$	1,749		$	1,610		$	1,310		(45	)%
As a % of EOP Managed Loans	4.38		%	3.99		%	3.80		%	3.47		%	3.17		%
Loans 30-89 Days Past Due	$	2,374		$	2,150		$	1,972		$	1,751		$	1,515		(36	)%
As a % of EOP Managed Loans	4.36		%	4.28		%	4.29		%	3.77		%	3.67		%

(1)Average Loans, EOP Loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(2)Average Yield is gross interest revenue earned divided by average loans.

(3)Net Interest Revenue includes certain fees that are recorded as interest revenue.

(4)Net Credit Margin is Total Revenues, net of Interest Expense, less Net Credit Losses and Policy Benefits and Claims.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

28

CITI HOLDINGS LOCAL CONSUMER LENDING              - Page 3 (In millions of dollars, except branches)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
North America Key Indicators (ex Cards) (1)
Branches	2,250			2,218			1,841			1,837			1,835			(18	)%
Average Loans (in billions of dollars)	$	230.9		$	222.5		$	174.6		$	161.6		$	153.6		(33	)%
EOP Loans (in billions of dollars)	$	226.7		$	211.5		$	167.1		$	156.6		$	147.7		(35	)%
Net Interest Revenue	1,511			1,309			1,109			932			946			(37	)%
As a % of Avg. Loans	2.65		%	2.36		%	2.52		%	2.29		%	2.50		%
Net Credit Losses	$	2,394		$	2,265		$	2,000		$	1,890		$	1,827		(24	)%
As a % of Average Loans	4.20		%	4.08		%	4.54		%	4.64		%	4.82		%
Loans 90+ Days Past Due (2) (3)	$	13,470		$	11,643		$	9,362		$	7,958		$	6,660		(51	)%
As a % of EOP Loans	6.27		%	5.84		%	6.03		%	5.43		%	4.83		%
Loans 30-89 Days Past Due (2) (3)	$	8,803		$	8,112		$	7,458		$	6,863		$	5,294		(40	)%
As a % of EOP Loans	4.10		%	4.07		%	4.81		%	4.68		%	3.84		%
KEY INDICATORS:
Residential Real Estate Lending
Average Loans (in billions of dollars)	$	150.4		$	145.1		$	136.9		$	129.2		$	123.6		(18	)%
EOP Loans (in billions of dollars)	$	147.7		$	139.6		$	132.5		$	125.6		$	119.9		(19	)%
Third Party Mortgage Serv Portfolio (EOP, in billions)	$	341.4		$	327.6		$	307.7		$	259.9		$	244.4		(28	)%
Net Servicing & Gain/(Loss) on Sale	$	69.6		$	180.7		$	80.8		$	172.2		$	53.4		(23	)%
Net Interest Revenue on Loans	$	582		$	461		$	440		$	409		$	434		(25	)%
As a % of Avg. Loans	1.57		%	1.27		%	1.28		%	1.26		%	1.42		%
Net Credit Losses	$	1,699		$	1,546		$	1,381		$	1,268		$	1,264		(26	)%
As a % of Avg. Loans	4.58		%	4.27		%	4.00		%	3.89		%	4.15		%
Loans 90+ Days Past Due (2) (3)	$	10,938		$	9,300		$	8,231		$	6,860		$	5,703		(48	)%
As a % of EOP Loans	8.05		%	7.29		%	6.83		%	5.94		%	5.18		%
Loans 30-89 Days Past Due (2) (3)	$	6,313		$	5,771		$	5,769		$	5,374		$	4,265		(32	)%
As a % of EOP Loans	4.65		%	4.52		%	4.78		%	4.65		%	3.87		%

(1)The third quarter of 2010 reflects the sale of The Student Loan Corporation.  This sale is reported as discontinued operations for the third and fourth quarters of 2010 only.  Prior periods were not reclassified due to the immateriality of the impact in those periods.

(2)The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios for North America (ex Cards) excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+Days Past Due and (EOP Loans) for each period are: $5.2 billion ($9.0 billion), $5.0 billion ($9.4 billion),  $5.0 billion ($9.5 billion), $5.2 billion ($8.4 billion) and $4.9 billion ($8.3 billion) as of March 31, 2010, June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period are: $1.2 billion ($9.0 billion), $1.6 billion ($9.4 billion), $1.7 billion ($9.5 billion) $1.6 billion ($8.4 billion) and $1.4 billion ($8.3 billion) as of March 31, 2010, June 30, 2010, September 30, 2010,  December 31, 2010 and March 31, 2011, respectively.

(3)The March 31, 2010, June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios for North America (ex Cards) excludes $2.9 billion, $ 2.6 billion, $2.4 billion, $1.7 billion and $1.5 billion respectively, of Loans that are carried at fair value.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

29

CITI HOLDINGS LOCAL CONSUMER LENDING  -  Page 4 North America (In millions of dollars)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
KEY INDICATORS:
Personal Loans
Average Loans (in billions of dollars)	$	15.0		$	14.0		$	13.4		$	13.1		$	12.5		(17	)%
EOP Loans (in billions of dollars)	$	14.5		$	13.6		$	13.3		$	12.9		$	12.2		(16	)%
Net Interest Revenue on Loans	$	590		$	551		$	534		$	534		$	509		(14	)%
As a % of Avg. Loans	15.95		%	15.79		%	15.81		%	16.17		%	16.51		%
Net Credit Losses	$	383		$	428		$	363		$	351		$	387		1	%
As a % of Avg. Loans	10.36		%	12.26		%	10.75		%	10.63		%	12.56		%
Loans 90+ Days Past Due	$	520		$	437		$	487		$	547		$	449		(14	)%
As a % of EOP Loans	3.59		%	3.21		%	3.66		%	4.24		%	3.68		%
Loans 30-89 Days Past Due	$	323		$	343		$	405		$	335		$	244		(24	)%
As a % of EOP Loans	2.23		%	2.52		%	3.05		%	2.60		%	2.00		%
Commercial Real Estate
Average Loans (in billions of dollars)	$	10.5		$	10.1		$	7.7		$	4.5		$	3.3		(69	)%
EOP Loans (in billions of dollars)	$	10.3		$	9.9		$	5.4		$	3.4		$	2.0		(81	)%
Net Interest Revenue on Loans	$	33		$	33		$	19		$	8		$	3		(91	)%
As a % of Avg. Loans	1.27		%	1.31		%	0.98		%	0.71		%	0.37		%
Net Credit Losses	$	64		$	93		$	61		$	39		$	27		(58	)%
As a % of Avg. Loans	2.47		%	3.69		%	3.14		%	3.44		%	3.32		%
Loans 90+ Days Past Due (1)	$	306		$	258		$	77		$	73		$	57		(81	)%
As a % of EOP Loans	2.97		%	2.61		%	1.43		%	2.15		%	2.85		%
Loans 30-89 Days Past Due (1)	$	136		$	155		$	112		$	85		$	29		(79	)%
As a % of EOP Loans	1.32		%	1.57		%	2.07		%	2.50		%	1.45		%
Student Loans, Auto and Other (2)
Average Loans (in billions of dollars)	$	55.0		$	53.3		$	16.6		$	14.8		$	14.2		(74	)%
EOP Loans (in billions of dollars)	$	54.2		$	48.4		$	15.9		$	14.7		$	13.6		(75	)%
Net Credit Losses	$	248		$	198		$	195		$	232		$	149		(40	)%
As a % of Avg. Loans	1.83		%	1.49		%	4.66		%	6.22		%	4.26		%
Loans 90+ Days Past Due (3)	$	1,706		$	1,648		$	567		$	478		$	451		(74	)%
As a % of EOP Loans	3.15		%	3.40		%	3.57		%	3.25		%	3.32		%
Loans 30-89 Days Past Due (3)	$	2,031		$	1,843		$	1,172		$	1,069		$	756		(63	)%
As a % of EOP Loans	3.75		%	3.81		%	7.37		%	7.27		%	5.56		%

(1)The third quarter of 2010 excludes approximately $153 million (90+ Days Past Due) and $16 million (30-89 Days Past Due) related to loan sales or transfers from Loans to Loans-held-for-sale (Other Assets) on the Consolidated Balance Sheet.

(2)The third quarter of 2010 reflects the sale of The Student Loan Corporation.  This sale is reported as discontinued operations for the third and fourth quarters of 2010 only.  Prior periods were not reclassified due to the immateriality of the impact in those periods.

(3)The second quarter of 2010 excludes an estimated $27 million (90+ Days Past Due) and $145 million (30-89 Days Past Due) related to the transfer from Loans to Loans-held-for-sale (Other Assets) on the Consolidated Balance Sheet related to the announced sale of a portfolio, which closed in the third quarter of 2010.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

30

CITI HOLDINGS SPECIAL ASSET POOL (In millions of dollars)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
Net Interest Revenue	$	420		$	354		$	223		$	222		$	59		(86	)%
Non-Interest Revenue	1,120			218			91			204			(66		)	NM
Total Revenues, Net of Interest Expense	1,540			572			314			426			(7		)	(100	)%
Total Operating Expenses	135			129			121			186			82			(39	)%
Net Credit Losses	292			462			689			570			670			NM
Credit Reserve Build / (Release)	(39		)	(376		)	(610		)	(686		)	(1,001		)	NM
Provision for Benefits & Claims	—			—			—			—			—			—
Provision for Unfunded Lending Commitments	(26		)	(39		)	26			(37		)	21			NM
Provision for Loan Losses and for Benefits and Claims	227			47			105			(153		)	(310		)	NM
Income (loss) from Continuing Operations before Taxes	1,178			396			88			393			221			(81	)%
Income Taxes (benefits)	300			280			171			146			159			(47	)%
Income (loss) from Continuing Operations	878			116			(83		)	247			62			(93	)%
Net Income (loss) Attributable to Minority Interests	16			(6		)	74			104			59			NM
Net Income (Loss)	$	862		$	122		$	(157	)	$	143		$	3		(100	)%
EOP Assets (in billions of dollars)	$	126		$	112		$	95		$	80		$	73		(42	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

31

AVERAGE BALANCES AND INTEREST RATES (1)(2)(3)(4) Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
In millions of dollars	First Quarter 2010		Fourth Quarter 2010		First Quarter 2011 (5)		First Quarter 2010		Fourth Quarter 2010		First Quarter 2011 (5)		First Quarter 2010		Fourth Quarter 2010		First Quarter 2011 (5)
Assets:
Deposits with Banks	$	166,378	$	169,230	$	179,510	$	290	$	353	$	459	0.71	%	0.83	%	1.04	%
Fed Funds Sold and Resale Agreements (6)	238,085		244,532		255,211		752		816		838		1.28	%	1.32	%	1.33	%
Trading Account Assets (7)	284,179		283,053		276,424		1,899		2,191		2,033		2.71	%	3.07	%	2.98	%
Investments	311,320		332,933		320,406		3,211		2,635		2,553		4.18	%	3.14	%	3.23	%
Total Loans (net of Unearned Income) (8)	737,872		646,506		639,030		14,686		12,824		12,288		8.07	%	7.87	%	7.80	%
Other Interest-Earning Assets	45,894		49,787		49,493		156		180		151		1.38	%	1.43	%	1.24	%
Total Average Interest-Earning Assets	$	1,783,728	$	1,726,041	$	1,720,074	$	20,994	$	18,999	$	18,322	4.77	%	4.37	%	4.32	%
Liabilities:
Deposits	$	713,659	$	725,965	$	715,682	$	2,080	$	2,125	$	2,014	1.18	%	1.16	%	1.14	%
Fed Funds Purchased and Repurchase Agreements (6)	200,142		205,341		215,616		654		686		737		1.33	%	1.33	%	1.39	%
Trading Account Liabilities (7)	79,547		80,214		80,775		63		102		84		0.32	%	0.50	%	0.42	%
Short-Term Borrowings	180,444		137,927		134,257		276		213		170		0.62	%	0.61	%	0.51	%
Long-Term Debt (9)	423,068		370,086		367,849		3,218		2,943		2,969		3.08	%	3.15	%	3.27	%
Total Average Interest-Bearing Liabilities	$	1,596,860	$	1,519,533	$	1,514,179	$	6,291	$	6,069	$	5,974	1.60	%	1.58	%	1.60	%
Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	14,703	$	12,930	$	12,348	3.34	%	2.97	%	2.91	%
1Q11 Increase (Decrease) From													(43	)bps	(6	)bps

(1)Net Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $142 million for the first quarter of 2010, $124 million for the fourth quarter of 2010 and $124 million for the first quarter of 2011.

(2)Citigroup Average Balances and Interest Rates include both domestic and international operations.

(3)Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

(4)Average Rate % is calculated as annualized interest over average volumes.

(5)Preliminary.

(6)Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of FIN 41.

(7)Interest expense on trading account liabilities of ICG is reported as a reduction of interest revenue.  Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively.

(8)Nonperforming loans are included in the average loan balances.

(9)Excludes hybrid financial instruments with changes recorded in Principal Transactions.

Reclassified to conform to the current period’s presentation and has been reclassified to exclude Discontinued Operations.

32

EOP DEPOSITS TOTAL CITIGROUP (In billions of dollars)

	1Q 2010		2Q 2010		3Q 2010		4Q 2010		1Q 2011		1Q11 vs. 1Q10 Increase/ (Decrease)
Citicorp Deposits by Business
Regional Consumer Banking
North America	$	146.4	$	144.7	$	143.7	$	145.2	$	145.4	(1	)%
EMEA	9.4		8.7		9.4		9.7		9.8		4	%
Latin America	40.6		40.9		41.7		46.3		48.7		20	%
Asia	98.4		97.1		105.4		107.3		109.8		12	%
Total	$	294.8	$	291.4	$	300.2	$	308.5	$	313.7	6	%
ICG
Securities and Banking	$	120.5	$	112.4	$	115.5	$	111.4	$	115.0	(5	)%
Transaction Services	314.5		314.9		341.4		339.8		355.3		13	%
Total	$	435.0	$	427.3	$	456.9	$	451.2	$	470.3	8	%
Total Citicorp	$	729.8	$	718.7	$	757.1	$	759.7	$	784.0	7	%
Citi Holdings Deposits
Brokerage and Asset Management	$	58.9	$	57.1	$	56.9	$	57.8	$	57.7	(2	)%
Local Consumer Lending	26.6		25.1		25.4		21.4		19.4		(27	)%
Total Citi Holdings	$	85.5	$	82.2	$	82.3	$	79.2	$	77.1	(10	)%
Corporate/Other Deposits	$	12.6	$	13.1	$	10.7	$	6.1	$	4.8	(62	)%
Total Citigroup Deposits	$	827.9	$	814.0	$	850.1	$	845.0	$	865.9	5	%

Reclassified to conform to the current period’s presentation.

33

EOP LOANS TOTAL CITIGROUP (In billions of dollars)

											1Q11 vs.
	1Q		2Q		3Q		4Q		1Q		1Q10 Increase/
	2010		2010		2010		2010		2011		(Decrease)
Citicorp:
Regional Consumer Banking
North America
Credit Cards	$	77.7	$	77.2	$	76.6	$	77.5	$	73.2	(6	)%
Retail Banking	31.5		30.2		29.4		30.7		33.0		5	%
Total	$	109.2	$	107.4	$	106.0	$	108.2	$	106.2	(3	)%
EMEA
Credit Cards	$	2.9	$	2.6	$	2.9	$	2.8	$	2.9	—
Retail Banking	4.9		4.3		4.7		4.4		4.7		(4	)%
Total	$	7.8	$	6.9	$	7.6	$	7.2	$	7.6	(3	)%
Latin America
Credit Cards	$	12.1	$	12.0	$	12.6	$	13.4	$	13.5	12	%
Retail Banking	19.4		19.6		20.8		21.6		23.5		21	%
Total	$	31.5	$	31.6	$	33.4	$	35.0	$	37.0	17	%
Asia
Credit Cards	$	17.5	$	17.6	$	19.0	$	20.4	$	20.0	14	%
Retail Banking	54.8		55.0		58.8		61.2		64.1		17	%
Total	$	72.3	$	72.6	$	77.8	$	81.6	$	84.1	16	%
Total Consumer Loans
Credit Cards	$	110.2	$	109.4	$	111.1	$	114.1	$	109.6	—
Retail Banking	110.6		109.1		113.7		117.9		125.3		13	%
Total Consumer	$	220.8	$	218.5	$	224.8	$	232.0	$	234.9	6	%
Total Corporate Loans
Securities and Banking	$	129.9	$	127.0	$	129.6	$	132.0	$	137.3	6	%
Global Transaction Services	29.8		34.4		39.9		43.1		46.1		55	%
Total Corporate Loans	$	159.7	$	161.4	$	169.5	$	175.1	$	183.4	15	%
Total Citicorp	$	380.5	$	379.9	$	394.3	$	407.1	$	418.3	10	%
Citi Holdings:
Local Consumer Lending - North America
Credit Cards	$	54.5	$	50.2	$	46.0	$	46.4	$	41.3	(24	)%
Real Estate Lending	147.7		139.6		132.5		125.6		119.9		(19	)%
Commercial Real Estate	10.3		9.9		5.4		3.4		2.0		(81	)%
Student Loans, Auto and Other	54.2		48.4		15.9		14.7		13.6		(75	)%
Personal	14.5		13.6		13.3		12.9		12.2		(16	)%
Total	$	281.2	$	261.7	$	213.1	$	203.0	$	189.0	(33	)%
Local Consumer Lending - International
Credit Cards	$	7.0	$	6.2	$	6.5	$	6.2	$	3.5	(50	)%
Retail Banking	20.7		18.4		18.2		15.7		14.6		(29	)%
Total	$	27.7	$	24.6	$	24.7	$	21.9	$	18.1	(35	)%
Citi Holdings - Other	$	32.4	$	26.0	$	22.2	$	16.8	$	11.7	(64	)%
Total Citi Holdings	$	341.3	$	312.3	$	260.0	$	241.7	$	218.8	(36	)%
Total Citigroup -	$	721.8	$	692.2	$	654.3	$	648.8	$	637.1	(12	)%
Consumer Loans	$	531.5	$	505.4	$	463.1	$	457.6	$	441.2	(17	)%
Corporate Loans	190.3		186.7		191.2		191.2		195.9		3	%
Total Citigroup -	$	721.8	$	692.2	$	654.3	$	648.8	$	637.1	(12	)%

Note:  Certain small balance consumer loans included in the above lines are classified as Corporate Loans on the Consolidated Balance Sheet.

34

SUPPLEMENTAL DETAIL CONSUMER LOANS 90+DAYS DELINQUENCY AMOUNTS AND RATIOS BUSINESS VIEW (In millions of dollars, except loan amounts in billions of dollars)

	Loans 90+ Days Past Due (1)															EOP Loans
	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q 2011
Citicorp (2)
Total	$	3,982		$	3,806		$	3,439		$	3,114		$	2,983		$	234.9
Ratio	1.80		%	1.74		%	1.54		%	1.35		%	1.27		%
Retail Bank (2)
Total	$	827		$	877		$	849		$	773		$	811		$	125.3
Ratio	0.75		%	0.80		%	0.75		%	0.66		%	0.65		%
North America (2)	$	142		$	245		$	221		$	228		$	241		$	33.0
Ratio	0.45		%	0.81		%	0.77		%	0.76		%	0.75		%
EMEA	$	116		$	117		$	112		$	96		$	86		$	4.7
Ratio	2.37		%	2.72		%	2.38		%	2.18		%	1.83		%
Latin America	$	323		$	308		$	290		$	224		$	249		$	23.5
Ratio	1.66		%	1.57		%	1.39		%	1.04		%	1.06		%
Asia	$	246		$	207		$	226		$	225		$	235		$	64.1
Ratio	0.45		%	0.38		%	0.38		%	0.37		%	0.37		%
Citi-Branded Cards
Total	$	3,155		$	2,929		$	2,590		$	2,341		$	2,172		$	109.6
Ratio	2.86		%	2.68		%	2.33		%	2.05		%	1.98		%
North America	$	2,304		$	2,130		$	1,807		$	1,597		$	1,432		$	73.2
Ratio	2.97		%	2.76		%	2.36		%	2.06		%	1.96		%
EMEA	$	77		$	72		$	69		$	58		$	60		$	2.9
Ratio	2.66		%	2.77		%	2.38		%	2.07		%	2.07		%
Latin America	$	510		$	481		$	472		$	446		$	445		$	13.5
Ratio	4.21		%	4.01		%	3.75		%	3.33		%	3.30		%
Asia	$	264		$	246		$	242		$	240		$	235		$	20.0
Ratio	1.51		%	1.40		%	1.27		%	1.18		%	1.18		%
Citi Holdings - Local Consumer Lending (2) (3)	$	16,808		$	14,371		$	11,824		$	10,225		$	8,541		$	207.1
Ratio	5.66		%	5.24		%	5.23		%	4.76		%	4.33		%
International	$	953		$	724		$	713		$	657		$	571		$	18.1
Ratio	3.44		%	2.94		%	2.89		%	3.00		%	3.15		%
North America Retail Partner Cards	$	2,385		$	2,004		$	1,749		$	1,610		$	1,310		$	41.3
Ratio	4.38		%	3.99		%	3.80		%	3.47		%	3.17		%
North America (excluding Cards) (3) (4)	$	13,470		$	11,643		$	9,362		$	7,958		$	6,660		$	147.7
Ratio	6.27		%	5.84		%	6.03		%	5.43		%	4.83		%
Total Citigroup (excluding Special Asset Pool) (3) (4)	$	20,790		$	18,177		$	15,263		$	13,339		$	11,524		$	442.0
Ratio	4.02		%	3.69		%	3.39		%	2.99		%	2.67		%

(1)The ratio of 90+ Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2)The 90+ Days Past Due and related ratios for North America RCB and North America Local Consumer Lending (excluding Cards) excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See North America Retail Consumer Banking on page 10 and Local Consumer Lending on page 29.

(3)The March 31, 2010, June 30, 2010, September 30, 2010 and December 31, 2010 and March 31, 2011 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios for North America (ex Cards) excludes $2.9 billion, $ 2.6 billion, $2.4 billion, $1.7 billion, and $1.5 billion, respectively, of Loans that are carried at fair value.

Reclassified to conform to the current period’s presentation

35

SUPPLEMENTAL DETAIL CONSUMER LOANS 30-89 DAYS DELINQUENCY AMOUNTS AND RATIOS BUSINESS VIEW (In millions of dollars, except loan amounts in billions of dollars)

	Loans 30-89 Days Past Due (1)															EOP Loans
	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q 2011
Citicorp (2)
Total	$	4,400		$	3,934		$	3,822		$	3,555		$	3,362		$	234.9
Ratio	1.99		%	1.80		%	1.71		%	1.54		%	1.44		%
Retail Bank (2)
Total	$	1,306		$	1,207		$	1,279		$	1,148		$	1,145		$	125.3
Ratio	1.18		%	1.11		%	1.13		%	0.98		%	0.92		%
North America (3)	$	236		$	241		$	243		$	212		$	185		$	33.0
Ratio	0.75		%	0.80		%	0.85		%	0.71		%	0.58		%
EMEA	$	203		$	158		$	156		$	136		$	143		$	4.7
Ratio	4.14		%	3.67		%	3.32		%	3.09		%	3.04		%
Latin America	$	391		$	338		$	404		$	267		$	326		$	23.5
Ratio	2.02		%	1.72		%	1.94		%	1.24		%	1.39		%
Asia	$	476		$	470		$	476		$	533		$	491		$	64.1
Ratio	0.87		%	0.85		%	0.81		%	0.87		%	0.77		%
Citi-Branded Cards
Total	$	3,094		$	2,727		$	2,543		$	2,407		$	2,217		$	109.6
Ratio	2.81		%	2.49		%	2.29		%	2.11		%	2.02		%
North America	$	2,145		$	1,828		$	1,687		$	1,539		$	1,327		$	73.2
Ratio	2.76		%	2.37		%	2.20		%	1.99		%	1.81		%
EMEA	$	113		$	90		$	86		$	72		$	78		$	2.9
Ratio	3.90		%	3.46		%	2.97		%	2.57		%	2.69		%
Latin America	$	475		$	485		$	442		$	456		$	454		$	13.5
Ratio	3.93		%	4.04		%	3.51		%	3.40		%	3.36		%
Asia	$	361		$	324		$	328		$	340		$	358		$	20.0
Ratio	2.06		%	1.84		%	1.73		%	1.67		%	1.79		%
Citi Holdings - Local Consumer Lending (2) (3)	$	12,236		$	11,201		$	10,408		$	9,462		$	7,624		$	207.1
Ratio	4.12		%	4.08		%	4.61		%	4.41		%	3.86		%
International	$	1,059		$	939		$	978		$	848		$	815		$	18.1
Ratio	3.82		%	3.82		%	3.96		%	3.87		%	4.50		%
North America Retail Partner Cards	$	2,374		$	2,150		$	1,972		$	1,751		$	1,515		$	41.3
Ratio	4.36		%	4.28		%	4.29		%	3.77		%	3.67		%
North America (excluding Cards) (2) (3)	$	8,803		$	8,112		$	7,458		$	6,863		$	5,294		$	147.7
Ratio	4.10		%	4.07		%	4.81		%	4.68		%	3.84		%
Total Citigroup (excluding Special Asset Pool) (2)(3)	$	16,636		$	15,135		$	14,230		$	13,017		$	10,986		$	442.0
Ratio	3.21		%	3.07		%	3.16		%	2.92		%	2.54		%

(1)The ratio of 30-89 Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2)The 30-89 Days Past Due and related ratios for North America RCB and North America Local Consumer Lending (excluding Cards) excludes U.S. by U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See North America Retail Consumer Banking on page 10 and Local Consumer Lending on page 29.

(3)The March 31, 2010, June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios for North America (ex Cards) excludes $2.9 billion, $ 2.6 billion, $2.4 billion and $1.7 billion and $1.5 billion, respectively, of Loans that are carried at fair value.

Reclassified to conform to the current period’s presentation

36

ALLOWANCE FOR CREDIT LOSSES - PAGE 1 TOTAL CITIGROUP (In millions of dollars)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
Total Citigroup
Allowance for Loan Losses at Beginning of Period	$	36,033		$	48,746		$	46,197		$	43,674		$	40,655
Gross Credit (Losses)	(9,202		)	(9,006		)	(8,499		)	(7,784		)	(7,131		)	23	%
Gross Recoveries	818			1,044			840			930			862			5	%
Net Credit (Losses) / Recoveries (NCL’s)	(8,384		)	(7,962		)	(7,659		)	(6,854		)	(6,269		)	25	%
NCL’s	8,384			7,962			7,659			6,854			6,269			(25	)%
Net Reserve Builds / (Releases)	(882		)	(1,752		)	(1,470		)	(2,419		)	(3,482		)	NM
Net Specific Reserve Builds / (Releases)	864			313			(523		)	204			112			(87	)%
Provision for Loan Losses	8,366			6,523			5,666			4,639			2,899			(65	)%
Other (3) (4) (5) (6) (7) (8)	12,731			(1,110		)	(530		)	(804		)	(717		)
Allowance for Loan Losses at End of Period (1) (2) (a)	$	48,746		$	46,197		$	43,674		$	40,655		$	36,568
Allowance for Unfunded Lending Commitments (9) (a)	$	1,122		$	1,054		$	1,102		$	1,066		$	1,105
Provision for Unfunded Lending Commitments	$	(35	)	$	(71	)	$	26		$	(37	)	$	25
Total Allowance for Loans, Leases and
Unfunded Lending Commitments [Sum of (a)]	$	49,868		$	47,251		$	44,776		$	41,721		$	37,673
Total Allowance for Loan Losses as a Percentage of Total Loans (10)	6.80		%	6.72		%	6.73		%	6.31		%	5.79		%
Allowance for Loan Losses at End of Period (1):
Citicorp	$	18,503		$	17,524		$	17,371		$	17,075		$	15,597
Citi Holdings	30,243			28,673			26,303			23,580			20,971
Total Citigroup	$	48,746		$	46,197		$	43,674		$	40,655		$	36,568

(1)Allowance for Credit Losses represents management’s estimate of probable losses inherent in the portfolio.  Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio.

(2)Included in the Allowance for Loan Losses are reserves for Trouble Debt Restructurings (TDRs) of $6,926 million, $7,320 million, $7,090 million, $7,609 million and $8,417 million, as of March 31, 2010, June 30, 2010, September 30, 2010,  December 31, 2010 and March 31, 2011, respectively.

(3)Includes all adjustments to the Allowance for Credit Losses, such as changes in the allowance from acquisitions, securitizations, foreign exchange translation, purchase accounting adjustments, etc.

(4)The first quarter of 2010 includes $13.4 billion related to the impact of consolidating entities in connection with Citigroup’s adoption of SFAS 166/167 as of January 1, 2010.

(5)The second quarter of 2010 includes a reduction of an estimated $237 million related to the announced sales of the Canada Cards portfolio and an Auto portfolio (the allowance was transferred to Assets held-for-sale). Additionally, the second quarter of 2010 includes a reduction of approximately $480 million related to the sale or transfers to held-for-sale of U.S. Real Estate Lending Loans.

(6)The third quarter of 2010 includes a reduction of an estimated $54 million related to the announced sale of The Student Loan Corporation (the allowance was transferred to Assets held-for-sale). Additionally, the third quarter of 2010 includes a reduction of approximately $950 million related to the sale or transfers to held-for-sale of various U.S. loan portfolios.

(7)The fourth quarter of 2010 includes a reduction of approximately $600 million related to the sale or transfers to held-for-sale of various U.S. loan portfolios.

(8)The first quarter of 2011 includes a reduction of approximately $560 million related to the sale or transfers to held-for-sale of various U.S. loan portfolios and a reduction of $240 million related to the sale of the Egg Cards business.

(9)Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(10)March 31, 2010, June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011, excludes $5.4 billion, $4.9 billion, $5.2 billion, $4.4 billion and $4.4 billion, respectively, of Loans which are carried at fair value.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

37

ALLOWANCE FOR CREDIT LOSSES - PAGE 2 TOTAL CITIGROUP (In millions of dollars)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
Total Citigroup Consumer Loans
Allowance for Loan Losses at Beginning of Period	$	28,397		$	41,422		$	39,578		$	37,607		$	35,445
Net Credit (Losses) / Recoveries (NCL’s)	(8,020		)	(7,490		)	(6,737		)	(6,190		)	(5,420		)	32	%
NCL’s	8,020			7,490			6,737			6,190			5,420			(32	)%
Net Reserve Builds / (Releases)	(507		)	(1,302		)	(1,170		)	(1,919		)	(2,882		)	NM
Net Specific Reserve Builds / (Releases)	731			484			(222		)	587			906			24	%
Provision for Loan Losses	8,244			6,672			5,345			4,858			3,444			(58	)%
Other (3) (4) (5) (6) (7) (8)	12,801			(1,026		)	(579		)	(830		)	(743		)
Allowance for Loan Losses at End of Period (1) (2) (a)	$	41,422		$	39,578		$	37,607		$	35,445		$	32,726
Consumer Allowance for Unfunded Lending Commitments (9) (a)	$	6		$	—		$	—		$	—		$	—
Provision for Unfunded Lending Commitments	$	—		$	(9	)	$	—		$	—		$	—
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	41,428		$	39,578		$	37,607		$	35,445		$	32,726
Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (10)	7.84		%	7.87		%	8.16		%	7.77		%	7.47		%
Total Citigroup Corporate Loans
Allowance for Loan Losses at Beginning of Period	$	7,636		$	7,324		$	6,619		$	6,067		$	5,210
Net Credit (Losses) / Recoveries (NCL’s)	(364		)	(472		)	(922		)	(664		)	(849		)	NM
NCL’s	364			472			922			664			849			NM
Net Reserve Builds / (Releases)	(375		)	(450		)	(300		)	(500		)	(600		)	(60	)%
Net Specific Reserve Builds / (Releases)	133			(171		)	(301		)	(383		)	(794		)	NM
Provision for Loan Losses	122			(149		)	321			(219		)	(545		)	NM
Other (3) (5)	(70		)	(84		)	49			26			26
Allowance for Loan Losses at End of Period (1) (b)	$	7,324		$	6,619		$	6,067		$	5,210		$	3,842
Corporate Allowance for Unfunded Lending Commitments (6) (b)	$	1,116		$	1,054		$	1,102		$	1,066		$	1,105
Provision for Unfunded Lending Commitments	$	(35	)	$	(62	)	$	26		$	(37	)	$	25
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	8,440		$	7,673		$	7,169		$	6,276		$	4,947
Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (11)	3.90		%	3.59		%	3.22		%	2.76		%	1.99		%

(1)Allowance for Credit Losses represents management’s estimate of probable losses inherent in the portfolio.  Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio.

(2)Included in the Allowance for Loan Losses are reserves for Trouble Debt Restructurings (TDRs) of $6,926 million, $7,320 million, $7,090 million, $7,609 million and $8,417 million, as of March 31, 2010, June 30, 2010, September 30, 2010,  December 31, 2010 and March 31, 2011, respectively.

(3)Includes all adjustments to the Allowance for Credit Losses, such as changes in the allowance from acquisitions, securitizations, foreign exchange translation, purchase accounting adjustments, etc.

(4)The first quarter of 2010 includes $13.4 billion related to the impact of consolidating entities in connection with Citigroup’s adoption of SFAS 166/167 as of January 1, 2010.

(5)The second quarter of 2010 includes a reduction of an estimated $237 million related to the announced sales of the Canada Cards portfolio and an Auto portfolio (the allowance was transferred to Assets held-for-sale). Additionally, the second quarter of 2010 includes a reduction of approximately $480 million related to the sale or transfers to held-for-sale of U.S. Real Estate Lending Loans.

(6)The third quarter of 2010 includes a reduction of an estimated $54 million related to the announced sale of The Student Loan Corporation (the allowance was transferred to Assets held-for-sale). Additionally, the third quarter of 2010 includes a reduction of approximately $950 million related to the sale or transfers to held-for-sale of various U.S. loan portfolios.

(7)The fourth quarter of 2010 includes a reduction of approximately $600 million related to the sale or transfers to held-for-sale of various U.S. loan portfolios.

(8)The first quarter of 2011 includes a reduction of approximately $560 million related to the sale or transfers to held-for-sale of various U.S. loan portfolios and a reduction of $240 million related to the sale of the Egg Cards business.

(9)Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(10)March 31, 2010,  June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011, excludes $2.9 billion, $2.6 billion, $2.4 billion, $1.7 billion and $1.5 billion, respectively, of Loans which are carried at fair value.

(11)March 31, 2010,  June 30, 2010,  September 30, 2010,  December 31, 2010 and March 31, 2011 excludes $2.5 billion, $2.3 billion $2.8 billion $2.6 billion and $2.9 billion, respectively, of Loans which are carried at fair value.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

38

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 1 CITICORP (In millions of dollars)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
Citicorp
Net Credit Losses	$	3,142		$	2,965		$	3,020		$	2,662		$	2,318		(26	)%
Credit Reserve Build / (Release)	(360		)	(639		)	(427		)	(741		)	(1,258		)	NM
Consumer Banking
Net Credit Losses	$	3,040		$	2,922		$	2,731		$	2,528		$	2,108		(31	)%
Credit Reserve Build / (Release)	(180		)	(408		)	(403		)	(552		)	(862		)	NM
North America Consumer Banking
Net Credit Losses	2,157			2,126			1,971			1,768			1,440			(33	)%
Credit Reserve Build / (Release)	4			(9		)	40			(348		)	(649		)	NM
Retail Banking
Net Credit Losses	73			79			90			97			88			21	%
Credit Reserve Build / (Release)	4			(9		)	40			5			—			(100	)%
Citi-Branded Cards
Net Credit Losses	2,084			2,047			1,881			1,671			1,352			(35	)%
Credit Reserve Build / (Release)	—			—			—			(353		)	(649		)	—
EMEA Consumer Banking
Net Credit Losses	97			85			65			73			49			(49	)%
Credit Reserve Build / (Release)	(10		)	(46		)	(51		)	(12		)	(33		)	NM
Retail Banking
Net Credit Losses	47			46			34			44			23			(51	)%
Credit Reserve Build / (Release)	(6		)	(21		)	(21		)	(6		)	(11		)	(83	)%
Citi-Branded Cards
Net Credit Losses	50			39			31			29			26			(48	)%
Credit Reserve Build / (Release)	(4		)	(25		)	(30		)	(6		)	(22		)	NM
Latin America Consumer Banking
Net Credit Losses	509			457			450			451			407			(20	)%
Credit Reserve Build / (Release)	(136		)	(241		)	(300		)	(149		)	(146		)	(7	)%
Retail Banking
Net Credit Losses	91			96			128			123			103			13	%
Credit Reserve Build / (Release)	(5		)	(29		)	(55		)	1			(68		)	NM
Citi-Branded Cards
Net Credit Losses	418			361			322			328			304			(27	)%
Credit Reserve Build / (Release)	(131		)	(212		)	(245		)	(150		)	(78		)	40	%
Asia Consumer Banking
Net Credit Losses	277			254			245			236			212			(23	)%
Credit Reserve Build / (Release)	(38		)	(112		)	(92		)	(43		)	(34		)	11	%
Retail Banking
Net Credit Losses	78			83			81			79			63			(19	)%
Credit Reserve Build / (Release)	(17		)	(34		)	(27		)	(18		)	(7		)	59	%
Citi-Branded Cards
Net Credit Losses	199			171			164			157			149			(25	)%
Credit Reserve Build / (Release)	(21		)	(78		)	(65		)	(25		)	(27		)	(29	)%
Institutional Clients Group (ICG)
Net Credit Losses	102			43			289			134			210			NM
Credit Reserve Build / (Release)	(180		)	(231		)	(24		)	(189		)	(396		)	NM
Securities and Banking
Net Credit Losses	101			42			288			132			204			NM
Credit Reserve Build / (Release)	(162		)	(196		)	(8		)	(194		)	(397		)	NM
Transaction Services
Net Credit Losses	1			1			1			2			6			NM
Credit Reserve Build / (Release)	(18		)	(35		)	(16		)	5			1			NM
Total Citicorp Provision for Loan Losses	$	2,782		$	2,326		$	2,593		$	1,921		$	1,060		(62	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

39

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 2 CITI HOLDINGS / TOTAL CITIGROUP (In millions of dollars)

																1Q11 vs.
	1Q			2Q			3Q			4Q			1Q			1Q10 Increase/
	2010			2010			2010			2010			2011			(Decrease)
Citi Holdings
Net Credit Losses	$	5,241		$	4,998		$	4,640		$	4,191		$	3,950		(25	)%
Credit Reserve Build / (Release)	340			(800		)	(1,567		)	(1,473		)	(2,112		)	NM
Brokerage and Asset Management
Net Credit Losses	11			1			2			3			1			(91	)%
Credit Reserve Build / (Release)	(7		)	(3		)	(4		)	(4		)	(1		)	86	%
Local Consumer Lending
Net Credit Losses	4,938			4,535			3,949			3,618			3,279			(34	)%
Credit Reserve Build / (Release)	386			(421		)	(953		)	(783		)	(1,110		)	NM
Special Asset Pool
Net Credit Losses	292			462			689			570			670			NM
Credit Reserve Build / (Release)	(39		)	(376		)	(610		)	(686		)	(1,001		)	NM
Total Citi Holdings Provision for Loan Losses	$	5,581		$	4,198		$	3,073		$	2,718		$	1,838		(67	)%
Total Citicorp Provision for Loan Losses (from prior page)	$	2,782		$	2,326		$	2,593		$	1,921		$	1,060		(62	)%
Corporate / Other	3			(1		)	—			—			1			(67	)%
Total Citigroup Provision for Loan Losses	$	8,366		$	6,523		$	5,666		$	4,639		$	2,899		(65	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

40

NON-ACCRUAL ASSETS - PAGE 1 TOTAL CITIGROUP (In millions of dollars)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	5,660		$	4,411		$	3,299		$	2,112		$	1,997		(65	)%
EMEA	5,834			5,508			5,473			5,327			2,427			(58	)%
Latin America	608			570			658			701			606			—
Asia	830			547			517			470			451			(46	)%
Total	$	12,932		$	11,036		$	9,947		$	8,610		$	5,481		(58	)%
Consumer Non-Accrual Loans By Region (2)
North America	$	12,966		$	11,289		$	9,978		$	8,540		$	7,068		(45	)%
EMEA	790			690			758			662			667			(16	)%
Latin America	1,246			1,218			1,150			1,019			1,034			(17	)%
Asia	634			579			586			576			562			(11	)%
Total	$	15,636		$	13,776		$	12,472		$	10,797		$	9,331		(40	)%
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
ICG	$	846		$	830		$	842		$	796		$	743		(12	)%
Regional Consumer Banking	35			36			37			30			33			(6	)%
Brokerage and Asset Management	—			—			—			—			—			—
Local Consumer Lending	588			621			674			707			619			5	%
Special Asset Pool	44			179			181			156			168			NM
Corporate/Other	8			7			7			14			14			75	%
TOTAL OTHER REAL ESTATE OWNED (OREO) (3)	$	1,521		$	1,673		$	1,741		$	1,703		$	1,577		4	%
OREO By Region:
North America	$	1,291		$	1,422		$	1,470		$	1,440		$	1,331		3	%
EMEA	134			146			164			161			140			4	%
Latin America	51			49			53			47			52			2	%
Asia	45			56			54			55			54			20	%
Total	$	1,521		$	1,673		$	1,741		$	1,703		$	1,577		4	%
Other Repossessed Assets (4)	$	64		$	55		$	38		$	28		$	21		(67	)%
Non-Accrual Assets (NAA) (5)
Corporate Non-Accrual Loans	$	12,932		$	11,036		$	9,947		$	8,610		$	5,481		(58	)%
Consumer Non-Accrual Basis Loans	15,636			13,776			12,472			10,797			9,331			(40	)%
Non-Accrual Loans (NAL)	28,568			24,812			22,419			19,407			14,812			(48	)%
OREO	1,521			1,673			1,741			1,703			1,577			4	%
Other Repossessed Assets	64			55			38			28			21			(67	)%
Non-Accrual Assets (NAA)	$	30,153		$	26,540		$	24,198		$	21,138		$	16,410		(46	)%
NAL as a % of Total Loans	3.96		%	3.58		%	3.43		%	2.99		%	2.32		%
NAA as a % of Total Assets	1.51		%	1.37		%	1.22		%	1.10		%	0.84		%
Allowance for Loan Losses as a % of NAL	171		%	186		%	195		%	209		%	247		%

(1)	Corporate loans are placed on non-accrual status based upon a review by Citigroup’s Risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans. Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due. Residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans.
(2)	Excludes SOP 3-03 purchased distressed loans.
(3)	Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral.
(4)	Primarily transportation equipment, carried at lower of cost or fair value, less costs to sell.
(5)	There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

41

NON-ACCRUAL ASSETS - PAGE 2 TOTAL CITICORP (In millions of dollars)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	1,258		$	1,046		$	1,115		$	987		$	1,181		(6	)%
EMEA	1,084			861			1,125			1,266			1,292			19	%
Latin America	342			302			372			472			427			25	%
Asia	291			364			349			356			356			22	%
Total	$	2,975		$	2,573		$	2,961		$	3,081		$	3,256		9	%
Consumer Non-Accrual Loans By Region (2)
North America	$	242		$	273		$	355		$	376		$	363		50	%
EMEA	215			148			150			112			120			(44	)%
Latin America	1,205			1,178			1,108			977			1,004			(17	)%
Asia	387			338			354			363			359			(7	)%
Total	$	2,049		$	1,937		$	1,967		$	1,828		$	1,846		(10	)%
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
ICG	$	846		$	830		$	842		$	796		$	743		(12	)%
Regional Consumer Banking	35			36			37			30			33			(6	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (3)	$	881		$	866		$	879		$	826		$	776		(12	)%
OREO By Region:
North America	$	783		$	803		$	821		$	777		$	727		(7	)%
EMEA	12			11			11			11			11			(8	)%
Latin America	41			39			42			34			34			(17	)%
Asia	45			13			5			4			4			(91	)%
Total	$	881		$	866		$	879		$	826		$	776		(12	)%
Other Repossessed Assets (4)	N/A			N/A			N/A			N/A			N/A
Non-Accrual Assets (NAA) (5)
Corporate Non-Accrual Loans	$	2,975		$	2,573		$	2,961		$	3,081		$	3,256		9	%
Consumer Non-Accrual Basis Loans	2,049			1,937			1,967			1,828			1,846			(10	)%
Non-Accrual Loans (NAL)	5,024			4,510			4,928			4,909			5,102			2	%
OREO	881			866			879			826			776			(12	)%
Other Repossessed Assets	N/A			N/A			N/A			N/A			N/A
Non-Accrual Assets (NAA)	$	5,905		$	5,376		$	5,807		$	5,735		$	5,878		—
NAA as a % of Total Assets	0.48		%	0.44		%	0.45		%	0.45		%	0.44		%
Allowance for Loan Losses as a % of NAL	368		%	389		%	352		%	348		%	306		%

N/A  Not Available at the Citicorp level.  See “Non-Accrual Assets -  Page 1” (on page 40) for Total Citigroup balances.

(1)	Corporate loans are placed on non-accrual status based upon a review by Citigroup’s Risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans. Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due. Residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans.
(2)	Excludes SOP 3-03 purchased distressed loans.
(3)	Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral.
(4)	Primarily transportation equipment, carried at lower of cost or fair value, less costs to sell.
(5)	There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

42

NON-ACCRUAL ASSETS - PAGE 3 TOTAL CITI HOLDINGS (In millions of dollars)

	1Q 2010			2Q 2010			3Q 2010			4Q 2010			1Q 2011			1Q11 vs. 1Q10 Increase/ (Decrease)
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	4,402		$	3,365		$	2,184		$	1,125		$	816		(81	)%
EMEA	4,750			4,647			4,348			4,061			1,135			(76	)%
Latin America	266			268			286			229			179			(33	)%
Asia	539			183			168			114			95			(82	)%
Total	$	9,957		$	8,463		$	6,986		$	5,529		$	2,225		(78	)%
Consumer Non-Accrual Loans By Region (2)
North America	$	12,724		$	11,016		$	9,623		$	8,164		$	6,705		(47	)%
EMEA	575			542			608			550			547			(5	)%
Latin America	41			40			42			42			30			(27	)%
Asia	247			241			232			213			203			(18	)%
Total	$	13,587		$	11,839		$	10,505		$	8,969		$	7,485		(45	)%
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
Brokerage and Asset Management	$	—		$	—		$	—		$	—		$	—		—
Local Consumer Lending	588			621			674			707			619			5	%
Special Asset Pool	44			179			181			156			168			NM
TOTAL OTHER REAL ESTATE OWNED (OREO) (3)	$	632		$	800		$	855		$	863		$	787		25	%
OREO By Region:
North America	$	500		$	612		$	642		$	649		$	590		18	%
EMEA	122			135			153			150			129			6	%
Latin America	10			10			11			13			18			80	%
Asia	—			43			49			51			50			—
Total	$	632		$	800		$	855		$	863		$	787		25	%
Other Repossessed Assets (4)	N/A			N/A			N/A			N/A			N/A
Non-Accrual Assets (NAA) (5)
Corporate Non-Accrual Loans	$	9,957		$	8,463		$	6,986		$	5,529		$	2,225		(78	)%
Consumer Non-Accrual Basis Loans	13,587			11,839			10,505			8,969			7,485			(45	)%
Non-Accrual Loans (NAL)	23,544			20,302			17,491			14,498			9,710			(59	)%
OREO	632			800			855			863			787			25	%
Other Repossessed Assets	N/A			N/A			N/A			N/A			N/A
Non-Accrual Assets (NAA)	$	24,176		$	21,102		$	18,346		$	15,361		$	10,497		(57	)%
NAA as a % of Total Assets	4.81		%	4.54		%	4.36		%	4.28		%	3.11		%
Allowance for Loan Losses as a % of NAL	128		%	141		%	150		%	163		%	216		%

N/A	Not Available at the Citi Holdings level.  See “Non-Accrual Assets -  Page 1” (on page 40) for Total Citigroup balances.
(1)	Corporate loans are placed on non-accrual status based upon a review by Citigroup’s Risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans. Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due. Residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans.
(2)	Excludes SOP 3-03 purchased distressed loans.
(3)	Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral.
(4)	Primarily transportation equipment, carried at lower of cost or fair value, less costs to sell.
(5)	There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

43

CITIGROUP NON-GAAP FINANCIAL MEASURES - RECONCILIATIONS - PAGE 4 (In millions of dollars)

Tangible Book Value Per Share and Tangible Common Equity (TCE) (and related ratio) are non-GAAP financial measures.  TCE, as defined by Citigroup, represents Common equity less Goodwill and Intangible assets (excluding MSRs) net of the related deferred taxes.  Other companies may calculate TCE in a manner different from Citigroup.  A reconciliation of Citigroup’s total stockholders’ equity to TCE and Tangible Book Value per Share follows:

	1Q		2Q		3Q		4Q		1Q
	2010		2010		2010		2010		2011
Tangible Book Value Per Share (page 1):
Total Common Equity	$	151,109	$	154,494	$	162,601	$	163,156	$	170,725
Less:
Goodwill - as reported	25,662		25,201		25,797		26,152		26,339
Intangible Assets (Other than MSRs) - as reported	8,277		7,868		7,705		7,504		7,280
Goodwill and Intangible Assets — recorded as Assets of Discontinued Operations Held For Sale	—		—		—		—		165
Goodwill and Intangible Assets — recorded as Assets Held for Sale	45		66		—		—		—
Net Deferred Taxes - Related to Goodwill and Intangible Assets	65		62		59		56		53
Tangible Common Equity	$	117,060	$	121,297	$	129,040	$	129,444	$	136,888
Common Shares Outstanding, at period end	28,620.2		28,975.4		29,049.6		29,058.4		29,206.4
Tangible Book Value Per Share	$	4.09	$	4.19	$	4.44	$	4.45	$	4.69

Reclassified to conform to the current period’s presentation.

44