-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CuRIEbXqao7icV3PJ8EriwEd/O/P3aDj4UxwfCMy1HslTqVAFa3xyOhp0EIIvVEJ V6lb8IhVvIQ+3yxh2CslTQ== 0000839947-03-000092.txt : 20030417 0000839947-03-000092.hdr.sgml : 20030417 20030417113431 ACCESSION NUMBER: 0000839947-03-000092 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030417 ITEM INFORMATION: Other events FILED AS OF DATE: 20030417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITICORP CENTRAL INDEX KEY: 0000020405 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 132614988 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05738 FILM NUMBER: 03653681 BUSINESS ADDRESS: STREET 1: 399 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10043 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 425 PARK AVE- 2ND F STREET 2: ATTN: LEGAL AFFAIRS OFFICE CITY: NEW YORK STATE: NY ZIP: 10043 FORMER COMPANY: FORMER CONFORMED NAME: CITY BANK OF NEW YORK NATIONAL ASSOCIATI DATE OF NAME CHANGE: 19680903 FORMER COMPANY: FORMER CONFORMED NAME: FIRST NATIONAL CITY CORP DATE OF NAME CHANGE: 19740414 8-K 1 april8k.txt CITICORP 8-K APRIL 2003 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: April 17, 2003 --------------------------------- (Date of earliest event reported) Citicorp -------------------------------------------------- (Exact name of registrant as specified in charter) Delaware 1-5738 06-1515595 - -------------------------------------------------------------------------------- (State or other juris- (Commission (IRS Employer diction of incorporation) File Number) Identification Number) 399 Park Avenue, New York, New York 10043 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 559-1000 ------------------------------------------------------------------ Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. ------------- Results of Operations (Unaudited) This report summarizes the results of operations of Citicorp and its subsidiaries for the three-month periods ended March 31, 2003 and March 31, 2002. Citigroup Inc., the ultimate parent company of Citicorp, filed a Current Report on Form 8-K dated April 14, 2003. That report contains certain additional information about Citicorp's businesses. CONSOLIDATED STATEMENTS OF INCOME CITICORP AND SUBSIDIARIES (Unaudited) (In Millions of Dollars) First Quarter ------------------------------ 2003 2002 ------------------------------ INTEREST REVENUE Loans, including Fees $ 9,428 $ 9,131 Deposits with Banks 263 275 Federal Funds Sold and Securities Purchased Under Agreements to Resell 92 108 Investments, including Dividends 1,204 962 Trading Account Assets 368 534 Loans Held-For-Sale 257 292 ------------------------------ 11,612 11,302 ------------------------------ INTEREST EXPENSE Deposits 1,880 1,851 Trading Account Liabilities 11 13 Purchased Funds and Other Borrowings 525 697 Long-Term Debt 937 983 ------------------------------ 3,353 3,544 ------------------------------ NET INTEREST REVENUE 8,259 7,758 ------------------------------ POLICYHOLDER BENEFITS AND CLAIMS 148 140 PROVISION FOR CREDIT LOSSES 2,052 2,559 ------------------------------ TOTAL BENEFITS, CLAIMS, AND 2,200 2,699 CREDIT LOSSES ------------------------------ NET INTEREST REVENUE AFTER BENEFITS, CLAIMS, AND CREDIT LOSSES 6,059 5,059 ------------------------------ FEES, COMMISSIONS, AND OTHER REVENUE Fees and Commissions 2,703 2,832 Foreign Exchange 907 545 Trading Account (17) 438 Investment Transactions 112 10 Other Revenue 1,324 838 ------------------------------ 5,029 4,663 ------------------------------ OPERATING EXPENSE Salaries 2,589 2,306 Employee Benefits 579 484 ------------------------------ Total Employee - Related Expenses 3,168 2,790 Net Premises and Equipment 874 777 Restructuring-Related Items (12) 46 Other Expense 2,466 2,328 ------------------------------ 6,496 5,941 ------------------------------ INCOME BEFORE INCOME TAXES, MINORITY INTEREST 4,592 3,781 INCOME TAXES 1,437 1,296 MINORITY INTEREST, NET OF INCOME TAXES 38 19 ------------------------------ NET INCOME $ 3,117 $ 2,466 ============================== 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 thereunto duly authorized. CITICORP (Registrant) By: /s/ William P. Hannon -------------------------- William P. Hannon Controller Dated: April 17, 2003 -----END PRIVACY-ENHANCED MESSAGE-----