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Exhibit 99.2

CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT

				Page Number
Citigroup Consolidated
	Financial Summary			1
	Segment Income from Continuing Operations:
		Product View		2
		Regional View		3
	Segment Net Revenues:
		Product View		4
		Regional View		5
Segment Detail
	Global Consumer:
		Cards
			Global Cards	6
			North America Cards	7
			International Cards	8
		Consumer Finance
			Global Consumer Finance	9
			North America Consumer Finance	10
			International Consumer Finance	11
		Retail Banking
			Global Retail Banking	12
			North America Retail Banking	13
			International Retail Banking	14
	Global Corporate and Investment Bank:
		Income Statement		15
		Revenue Details		16
		Capital Markets and Banking		17
		Transaction Services		18
	Private Client Services			19
	Global Investment Management:
		Life Insurance and Annuities		20–21
		Private Bank		22
		Asset Management		23
		Insurance Investment Portfolio		24
	Proprietary Investment Activities			25
Citigroup Supplemental Detail
	Consolidated Statement of Income			26
	Consolidated Statement of Financial Position			27
	Consumer Loan Delinquency Amounts, Net Credit Losses and Ratios			28
	Reserve for Loan Losses			29
	Non-Performing Assets			30

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

Citigroup, the preeminent global financial services company with some 200 million
customer accounts in more than 100 countries, provides consumers, corporations,
governments and institutions a complete range of financial products and services.

	1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Income from Continuing Operations		3,484			3,829			3,706			2,429			4,103			4,299			4,691		27	%		11,019			13,093		19	%
Discontinued Operations, After-tax		1,406			255			214			—			—			—			—					1,875			—
Cumulative Effect of Accounting Change		(47	)		—			—			—			—			—			—					(47	)		—
Net Income	$	4,843		$	4,084		$	3,920		$	2,429		$	4,103		$	4,299		$	4,691		20	%	$	12,847		$	13,093		2	%
Basic Earnings Per Share:
Income from Continuing Operations	$	0.68		$	0.75		$	0.73		$	0.48		$	0.80		$	0.84		$	0.92		26	%	$	2.16		$	2.56		19	%
Net Income	$	0.94		$	0.80		$	0.77		$	0.48		$	0.80		$	0.84		$	0.92		19	%	$	2.52		$	2.56		2	%
Weighted average common shares applicable to Basic EPS		5,110.5			5,096.7			5,036.6			5,068.0			5,094.9			5,085.5			5,096.8					5,081.3			5,092.4
Preferred Dividends—Basic	$	21		$	21		$	21		$	20		$	20		$	17		$	17				$	63		$	54
Diluted Earnings Per Share:
Income from Continuing Operations	$	0.66		$	0.73		$	0.72		$	0.47		$	0.79		$	0.83		$	0.90		25	%	$	2.12		$	2.51		18	%
Net Income	$	0.93		$	0.78		$	0.76		$	0.47		$	0.79		$	0.83		$	0.90		18	%	$	2.47		$	2.51		2	%
Adjusted weighted average common shares applicable to Diluted EPS		5,209.8			5,185.8			5,110.5			5,158.6			5,168.7			5,184.0			5,206.5					5,168.7			5,186.4
Preferred Dividends—Diluted	$	21		$	21		$	21		$	20		$	20		$	17		$	17				$	63		$	54
Common Shares Outstanding, at period end		5,165.4			5,118.1			5,062.0			5,140.7			5,148.0			5,150.8			5,158.7					5,062.0			5,158.7
Tier 1 Capital Ratio		9.13	%		9.20	%		9.20	%		8.47	%		8.67	%		9.02	%		9.5	%*				9.20	%		9.5	%*
Total Capital Ratio		11.59	%		11.75	%		12.02	%		11.25	%		11.57	%		11.94	%		12.6	% *				12.02	%		12.6	% *
Leverage Ratio		5.89	%		5.93	%		5.58	%		5.67	%		5.46	%		5.61	%		5.7	% *				5.58	%		5.7	% *
Total Assets, at period end (in billions)	$	1,057.7		$	1,083.3		$	1,031.6		$	1,097.2		$	1,137.0		$	1,187.0		$	1,208.9	*			$	1,031.6		$	1,208.9	*
Stockholders' Equity, at period end (in billions)	$	83.6		$	85.7		$	80.8		$	86.7		$	87.3		$	93.3		$	95.3 *				$	80.8		$	95.3 *
Equity and Trust Securities, at period end (in billions)	$	90.3		$	92.5		$	86.9		$	92.9		$	94.0		$	100.0		$	102.1 *				$	86.9		$	102.1 *
Book Value Per Share, at period end	$	15.92		$	16.47		$	15.68		$	16.60		$	16.75		$	17.90		$	18.25 *				$	15.68		$	18.25 *
Return on Common Equity (Net Income)		24.0	%		19.5	%		19.1	%		11.7	%		19.3	%		19.2	%		20.2	% *				20.9	%		19.7	% *

*

Preliminary

1

CITIGROUP—INCOME FROM CONTINUING OPERATIONS
PRODUCT VIEW
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Global Consumer:
	Cards		$	579		$	722		$	849		$	931		$	735		$	768		$	985		16	%	$	2,150		$	2,488		16	%
	Consumer Finance			530			568			539			562			485			508			467		(13	)%		1,637			1,460		(11)	%
	Retail Banking			662			645			864			860			974			1,049			1,086		26	%		2,171			3,109		43	%
	Other			(20	)		11			(32	)		(11	)		(16	)		(31	)		(17	)	47	%		(41	)		(64	)	(56)	%
		Total Global Consumer		1,751			1,946			2,220			2,342			2,178			2,294			2,521		14	%		5,917			6,993		18	%
Global Corporate and Investment Bank:
	Capital Markets and Banking			1,059			1,136			923			877			1,194			1,163			1,170		27	%		3,118			3,527		13	%
	Transaction Services			89			216			129			124			197			187			203		57	%		434			587		35	%
	Other			(23	)		(34	)		(10	)		(1,327	)		8			(10	)		(5	)	50	%		(67	)		(7	)	90	%
		Total Global Corporate and Investment Bank		1,125			1,318			1,042			(326	)		1,399			1,340			1,368		31	%		3,485			4,107		18	%
Private Client Services				217			223			188			171			157			181			203		8	%		628			541		(14)	%
Global Investment Management:
	Life Insurance and Annuities			214			137			83			183			236			190			152		83	%		434			578		33	%
	Private Bank			111			113			117			122			125			138			143		22	%		341			406		19	%
	Asset Management			99			121			114			109			105			104			72		(37	)%		334			281		(16)	%
		Total Global Investment Management		424			371			314			414			466			432			367		17	%		1,109			1,265		14	%
Proprietary Investment Activities				35			(70	)		(120	)		(74	)		—			27			96		NM			(155	)		123		NM
Corporate/Other				(68	)		41			62			(98	)		(97	)		25			136		NM			35			64		83	%
Income From Continuing Operations				3,484			3,829			3,706			2,429			4,103			4,299			4,691		27	%		11,019			13,093		19	%
Discontinued Operations				1,406			255			214			—			—			—			—					1,875			—
Cumulative Effect of Accounting Change				(47	)		—			—			—			—			—			—					(47	)		—
Net Income			$	4,843		$	4,084		$	3,920		$	2,429		$	4,103		$	4,299		$	4,691		20	%	$	12,847		$	13,093		2	%

NM

Not meaningful

Reclassified to conform to the current period's presentation.

2

CITIGROUP—INCOME FROM CONTINUING OPERATIONS
REGIONAL VIEW
(In millions of dollars)

				1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003		3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
	North America (excluding Mexico) (1)
		Consumer		$	1,272		$	1,297		$	1,425		$	1,513		$	1,479		$	1,520	$	1,697		19	%	$	3,994		$	4,696		18	%
		Corporate			674			602			698			(1,000	)		639			552		587		(16	)%		1,974			1,778		(10	)%
		Private Client Services			217			223			188			171			157			181		203		8	%		628			541		(14	)%
		Investment Management			352			218			202			313			351			299		360		78	%		772			1,010		31	%
			Total North America (excluding Mexico)		2,515			2,340			2,513			997			2,626			2,552		2,847		13	%		7,368			8,025		9	%
	Mexico
		Consumer			46			114			185			176			164			214		183		(1	)%		345			561		63	%
		Corporate			194			110			58			88			120			84		121		NM			362			325		(10	)%
		Investment Management			48			70			55			62			65			69		75		36	%		173			209		21	%
			Total Mexico		288			294			298			326			349			367		379		27	%		880			1,095		24	%
	Europe, Middle East and Africa (EMEA)
		Consumer			148			146			178			236			162			169		204		15	%		472			535		13	%
		Corporate			145			226			134			352			257			346		255		90	%		505			858		70	%
		Investment Management			(4	)		8			4			14			(3	)		2		7		75	%		8			6		(25	)%
			Total EMEA		289			380			316			602			416			517		466		47	%		985			1,399		42	%
	Japan
		Consumer			227			256			259			208			158			179		92		(64	)%		742			429		(42	)%
		Corporate			23			(3	)		87			(11	)		32			5		47		(46	)%		107			84		(21	)%
		Investment Management			15			16			11			14			17			20		25		NM			42			62		48	%
			Total Japan		265			269			357			211			207			204		164		(54	)%		891			575		(35	)%
	Asia (excluding Japan)
		Consumer			158			163			195			202			193			204		220		13	%		516			617		20	%
		Corporate			193			200			169			160			179			188		196		16	%		562			563		—
		Investment Management			27			28			25			27			30			37		59		NM			80			126		58	%
			Total Asia		378			391			389			389			402			429		475		22	%		1,158			1,306		13	%
	Latin America
		Consumer			(100	)		(30	)		(22	)		7			22			8		125		NM			(152	)		155		NM
		Corporate			(104	)		183			(104	)		85			172			165		162		NM			(25	)		499		NM
		Investment Management			(14	)		31			17			(16	)		6			5		(159	)	NM			34			(148	)	NM
			Total Latin America		(218	)		184			(109	)		76			200			178		128		NM			(143	)		506		NM
	Proprietary Investment Activities				35			(70	)		(120	)		(74	)		—			27		96		NM			(155	)		123		NM
	Corporate/Other				(68	)		41			62			(98	)		(97	)		25		136		NM			35			64		83	%
Income From Continuing Operations					3,484			3,829			3,706			2,429			4,103			4,299		4,691		27	%		11,019			13,093		19	%
	Discontinued Operations				1,406			255			214			—			—			—		—					1,875			—
Cumulative Effect of Accounting Change					(47	)		—			—			—			—			—		—					(47	)		—
Net Income				$	4,843		$	4,084		$	3,920		$	2,429		$	4,103		$	4,299	$	4,691		20	%	$	12,847		$	13,093		2	%

(1)

Excludes Proprietary Investment Activities and Corporate/Other.

NM

Not meaningful

Reclassified to conform to the current period's presentation.

3

CITIGROUP—NET REVENUES
PRODUCT VIEW
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003		3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Global Consumer:
	Cards		$	3,121		$	3,207		$	3,714		$	3,646		$	3,333		$	3,309		$	3,542	(5	)%	$	10,042		$	10,184		1	%
	Consumer Finance			2,332			2,449			2,462			2,564			2,532			2,431			2,499	2	%		7,243			7,462		3	%
	Retail Banking			3,523			3,409			3,549			3,700			3,961			4,243			4,135	17	%		10,481			12,339		18	%
	Other			50			134			78			182			81			77			75	(4	)%		262			233		(11	)%
		Total Global Consumer		9,026			9,199			9,803			10,092			9,907			10,060			10,251	5	%		28,028			30,218		8	%
Global Corporate and Investment Bank:
	Capital Markets and Banking			4,378			4,219			3,691			3,451			4,180			4,531			3,856	4	%		12,288			12,567		2	%
	Transaction Services			857			962			911			890			913			908			893	(2	)%		2,730			2,714		(1	)%
	Other			(99	)		(104	)		(57	)		44			(10	)		(10	)		2	NM			(260	)		(18	)	93	%
		Total Global Corporate and Investment Bank		5,136			5,077			4,545			4,385			5,083			5,429			4,751	5	%		14,758			15,263		3	%
Private Client Services				1,507			1,551			1,430			1,342			1,327			1,449			1,489	4	%		4,488			4,265		(5	)%
Global Investment Management:
	Life Insurance and Annuities			1,018			1,034			925			1,099			1,133			1,164			1,372	48	%		2,977			3,669		23	%
	Private Bank			423			428			414			439			461			519			510	23	%		1,265			1,490		18	%
	Asset Management			470			475			451			445			400			411			444	(2	)%		1,396			1,255		(10	)%
		Total Global Investment Management		1,911			1,937			1,790			1,983			1,994			2,094			2,326	30	%		5,638			6,414		14	%
Proprietary Investment Activities				111			(49	)		(67	)		(30	)		94			168			459	NM			(5	)		721		NM
Corporate/Other				107			278			143			101			131			154			122	(15	)%		528			407		(23	)%
Total Net Revenues			$	17,798		$	17,993		$	17,644		$	17,873		$	18,536		$	19,354		$	19,398	10	%	$	53,435		$	57,288		7	%
Managed Basis Net Revenues(1)			$	18,819		$	19,074		$	18,604		$	18,934		$	19,638		$	20,562		$	20,608	11	%	$	56,497		$	60,808		8	%

(1)

Segment net revenues disclosed above are prepared on an owned basis in accordance with Generally Accepted Accounting Principles (GAAP). The managed basis disclosures treat the receivables as if they had not been securitized and are still on our balance sheet, reflecting the interest revenue and expense associated with the portfolio, as well as the credit costs incurred. Although a managed basis presentation is not in conformity with GAAP, the Company believes it provides a representation of performance and key indicators of the credit card business that is consistent with the way the business is managed. For a reconciliation of managed basis revenue to GAAP revenues, see the Cards business on page 6.

NM

Not meaningful

Reclassified to conform to the current period's presentation.

4

CITIGROUP—NET REVENUES
REGIONAL VIEW
(In millions of dollars)

			1Q 2002		2Q 2002			3Q 2002			4Q 2002			1Q 2003		2Q 2003		3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003		YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
North America (excluding Mexico)(1)
	Consumer		$	5,917	$	6,041		$	6,422		$	6,667		$	6,566	$	6,644	$	6,803		6%		$	18,380		$	20,013	9	%
	Corporate			2,612		2,408			2,094			1,695			2,409		2,535		2,018		(4	)%		7,114			6,962	(2)	%
	Private Client Services			1,507		1,551			1,430			1,342			1,327		1,449		1,489		4%			4,488			4,265	(5)	%
	Investment Management			1,385		1,320			1,271			1,448			1,403		1,434		1,785		40%			3,976			4,622	16	%
		Total North America (excluding Mexico)		11,421		11,320			11,217			11,152			11,705		12,062		12,095		8%			33,958			35,862	6	%
Mexico
	Consumer			635		699			690			613			656		749		599		(13	)%		2,024			2,004	(1)	%
	Corporate			315		200			149			196			185		193		162		9%			664			540	(19)	%
	Investment Management			185		212			161			169			175		178		175		9%			558			528	(5)	%
		Total Mexico		1,135		1,111			1,000			978			1,016		1,120		936		(6	)%		3,246			3,072	(5)	%
Europe, Middle East and Africa (EMEA)
	Consumer			740		805			856			986			924		962		1,044		22%			2,401			2,930	22	%
	Corporate			1,154		1,351			1,224			1,422			1,414		1,504		1,371		12%			3,729			4,289	15	%
	Investment Management			95		110			105			125			121		133		139		32%			310			393	27	%
		Total EMEA		1,989		2,266			2,185			2,533			2,459		2,599		2,554		17%			6,440			7,612	18	%
Japan
	Consumer			796		933			1,027			967			887		789		801		(22	)%		2,756			2,477	(10)	%
	Corporate			63		27			170			30			60		91		143		(16	)%		260			294	13	%
	Investment Management			66		70			64			70			75		85		94		47%			200			254	27	%
		Total Japan		925		1,030			1,261			1,067			1,022		965		1,038		(18	)%		3,216			3,025	(6)	%
Asia (excluding Japan)
	Consumer			616		645			682			702			692		731		766		12%			1,943			2,189	13	%
	Corporate			608		640			604			551			587		623		676		12%			1,852			1,886	2	%
	Investment Management			101		106			95			121			130		159		162		71%			302			451	49	%
		Total Asia		1,325		1,391			1,381			1,374			1,409		1,513		1,604		16%			4,097			4,526	10	%
Latin America
	Consumer			322		76			126			157			182		185		238		89%			524			605	15	%
	Corporate			384		451			304			491			428		483		381		25%			1,139			1,292	13	%
	Investment Management			79		119			94			50			90		105		(29	)	NM			292			166	(43)	%
		Total Latin America		785		646			524			698			700		773		590		13%			1,955			2,063	6	%
Proprietary Investment Activities				111		(49	)		(67	)		(30	)		94		168		459		NM			(5	)		721	NM
Corporate/Other				107		278			143			101			131		154		122		(15	)%		528			407	(23)	%
Total Net Revenues			$	17,798	$	17,993		$	17,644		$	17,873		$	18,536	$	19,354	$	19,398		10%		$	53,435		$	57,288	7	%

(1)

Excludes Proprietary Investment Activities and Corporate/Other.

NM  Not meaningful

Reclassified to conform to the current period's presentation.

5

GLOBAL CONSUMER
CARDS
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	3,121		$	3,207		$	3,714		$	3,646		$	3,333		$	3,309		$	3,542		(5)	%	$	10,042		$	10,184		1	%
Effect of Securitization Activities				1,013			1,081			960			1,061			1,102			1,208			1,210		26	%		3,054			3,520		15	%
	Adjusted Revenues, Net of Interest Expense(1)			4,134			4,288			4,674			4,707			4,435			4,517			4,752		2	%		13,096			13,704		5	%
Total Operating Expenses				1,327			1,381			1,418			1,409			1,446			1,463			1,508		6	%		4,126			4,417		7	%
Provision for Credit Losses				897			729			978			806			774			678			540		(45)	%		2,604			1,992		(24)	%
Effect of Securitization Activities				1,013			1,081			960			1,061			1,102			1,208			1,210		26	%		3,054			3,520		15	%
	Adjusted Provision for Credit Losses(1)			1,910			1,810			1,938			1,867			1,876			1,886			1,750		(10)	%		5,658			5,512		(3)	%
Income Before Taxes				897			1,097			1,318			1,431			1,113			1,168			1,494		13	%		3,312			3,775		14	%
Income Taxes				318			375			469			500			378			400			509		9	%		1,162			1,287		11	%
Income from Continuing Operations			$	579		$	722		$	849		$	931		$	735		$	768		$	985		16	%	$	2,150		$	2,488		16	%
Average Assets (in billions of dollars)			$	57		$	60		$	66		$	70		$	68		$	62		$	64		(3)	%	$	61		$	65		7	%
Return on Assets				4.12	%		4.83	%		5.10	%		5.28	%		4.38	%		4.97	%		6.11	%				4.71	%		5.12	%
Return on Managed Assets				1.94	%		2.40	%		2.61	%		2.82	%		2.23	%		2.35	%		2.92	%				2.30	%		2.48	%
KEY INDICATORS (in billions of dollars):
End of Period Managed Receivables(2)			$	118.5		$	122.3		$	125.0		$	131.8		$	127.0		$	125.5		$	131.0		5	%
EOP Open Accounts (in millions)				104.5			104.4			101.4			102.2			100.6			99.2			112.3		11	%
Total Sales			$	62.3		$	70.1		$	71.1		$	74.8		$	65.7		$	68.7		$	72.6		2	%	$	203.5		$	207.0		2	%
Managed Net Interest Revenue (in millions of dollars)(1)			$	3,218		$	3,163		$	3,317		$	3,372		$	3,232		$	3,265		$	3,500		6	%	$	9,698		$	9,997		3	%
	% of Average Managed Loans			11.08	%		10.70	%		10.79	%		10.67	%		10.34	%		10.52	%		10.99	%
Risk Adjusted Revenue (in millions of dollars)(3)			$	2,341		$	2,448		$	2,910		$	2,935		$	2,603		$	2,630		$	2,963		2	%	$	7,699		$	8,196		6	%
	% of Average Managed Loans			8.06	%		8.29	%		9.47	%		9.29	%		8.33	%		8.47	%		9.30	%
Average Managed Loans:
	Securitized		$	66.8		$	65.2		$	64.6		$	64.3		$	67.7		$	71.1		$	72.1		12	%	$	65.5		$	70.3		7	%
	Held for Sale			6.5			6.5			6.5			6.5			5.1			3.0			4.1		(37)	%		6.5			4.1		(37)	%
	On Balance Sheet			44.5			46.8			50.8			54.5			54.0			50.4			50.2		(1)	%		47.4			51.5		9	%
		Total Managed	$	117.8		$	118.5		$	121.9		$	125.3		$	126.8		$	124.5		$	126.4		4	%	$	119.4		$	125.9		5	%
Coincident Managed Net Credit Loss Ratio				6.17	%		6.23	%		5.74	%		5.61	%		5.86	%		6.08	%		5.62	%
12 Month Lagged Managed Net Credit Loss Ratio				6.50	%		6.58	%		6.02	%		5.96	%		6.31	%		6.39	%		5.82	%
Loans 90+Days Past Due (in millions of dollars)			$	2,492		$	2,260		$	2,309		$	2,397		$	2,406		$	2,313		$	2,353		2	%
	% of EOP Managed Loans			2.12	%		1.86	%		1.86	%		1.84	%		1.92	%		1.88	%		1.83	%

(1)

The abbreviated income statement presented above is prepared on a managed basis (a non-GAAP measure), and includes the effect of securitizations in Adjusted Revenues, Net of Interest Expense and Adjusted Provision for Credit Losses. This income statement reconciles to Income from Continuing Operations which is a GAAP measure. Securitization changes Citigroup's role from that of a lender to that of a loan servicer and removes the receivables from Citigroup's balance sheet. For securitized receivables, amounts that would otherwise be reported as net interest revenue, fee and commission revenue, and credit losses are instead components of the servicing fees earned. However, Citigroup's exposure to credit losses on the securitized receivables is contractually limited to the cash flows from the receivables. The managed basis disclosures treat the receivables as if they had not been securitized and are still on the Company's balance sheet, with related income statement amounts reported as net interest revenue, fee and commission revenue, and credit losses. Although a managed basis presentation is not in conformity with GAAP, the Company believes it provides a representation of performance and key indicators of the credit card business that is consistent with the way management reviews operating performance and allocates resources. Furthermore, investors utilize information about the credit quality of the entire managed portfolio as the results of both the held and securitized portfolios impact the overall performance of the cards business.

(2)

Includes accrued interest receivable.

(3)

Risk adjusted revenue is total revenues less net credit losses.

Reclassified to conform to the current period's presentation.

6

GLOBAL CONSUMER
CARDS
NORTH AMERICA CARDS
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	2,583		$	2,635		$	3,137		$	3,047		$	2,732		$	2,702		$	2,866		(9	)%	$	8,355		$	8,300		(1	)%
Effect of Securitization Activities				1,013			1,081			960			1,061			1,102			1,208			1,210		26	%		3,054			3,520		15	%
	Adjusted Revenues, Net of Interest Expense(1)			3,596			3,716			4,097			4,108			3,834			3,910			4,076		(1	)%		11,409			11,820		4	%
Total Operating Expenses				1,045			1,079			1,143			1,121			1,134			1,160			1,179		3	%		3,267			3,473		6	%
Provision for Credit Losses				668			638			862			675			638			544			443		(49	)%		2,168			1,625		(25	)%
Effect of Securitization Activities				1,013			1,081			960			1,061			1,102			1,208			1,210		26	%		3,054			3,520		15	%
	Adjusted Provision for Credit Losses(1)			1,681			1,719			1,822			1,736			1,740			1,752			1,653		(9	)%		5,222			5,145		(1	)%
Income Before Taxes				870			918			1,132			1,251			960			998			1,244		10	%		2,920			3,202		10	%
Income Taxes				313			313			404			438			325			339			425		5	%		1,030			1,089		6	%
Income from Continuing Operations			$	557		$	605		$	728		$	813		$	635		$	659		$	819		13	%	$	1,890		$	2,113		12	%
Average Assets (in billions of dollars)			$	46		$	49		$	54		$	58		$	55		$	49		$	51		(6	)%	$	50		$	52		4	%
Return on Assets				4.91	%		4.95	%		5.35	%		5.56	%		4.68	%		5.39	%		6.37	%				5.05	%		5.43	%
Return on Managed Assets				2.03	%		2.23	%		2.47	%		2.70	%		2.13	%		2.22	%		2.69	%				2.22	%		2.33	%
KEY INDICATORS (in billions of dollars)
End of Period Managed Receivables(2)			$	108.5		$	111.5		$	114.1		$	119.8		$	115.5		$	113.3		$	117.4		3	%
EOP Open Accounts (in millions)				91.7			91.3			88.1			88.7			86.7			85.2			96.7		10	%
Total Sales			$	54.9		$	61.9		$	62.4		$	65.7		$	57.1		$	59.7		$	62.3		—		$	179.2		$	179.1		—
Managed Net Interest Revenue (in millions of dollars)(1)			$	2,883		$	2,816		$	2,952		$	2,992		$	2,838		$	2,884		$	3,095		5	%	$	8,651		$	8,817		—
	% of Average Managed Loans			10.86	%		10.46	%		10.55	%		10.41	%		9.99	%		10.27	%		10.80	%
Risk Adjusted Revenue (in millions of dollars)(3)			$	1,915		$	1,997		$	2,481		$	2,455		$	2,119		$	2,159		$	2,423		(2	)%	$	6,393		$	6,701		5	%
	% of Average Managed Loans			7.22	%		7.41	%		8.87	%		8.54	%		7.46	%		7.68	%		8.45	%
Average Managed Loans:
	Securitized		$	66.8		$	65.2		$	64.6		$	64.3		$	67.7		$	71.1		$	72.1		12	%	$	65.5		$	70.3		7	%
	Held for Sale			6.5			6.5			6.5			6.5			5.1			3.0			4.1		(37	)%		6.5			4.1		(37	)%
	On Balance Sheet			34.3			36.3			40.0			43.2			42.4			38.6			37.5		(6	)%		36.9			39.5		7	%
		Total Managed	$	107.6		$	108.0		$	111.1		$	114.0		$	115.2		$	112.7		$	113.7		2	%	$	108.9		$	113.9		5	%
Managed Net Credit Losses (in millions of dollars):
	Securitized		$	935		$	989		$	874		$	962		$	1,024		$	1,159		$	1,127		29	%
	Held for Sale			78			92			86			99			78			49			83		(3	)%
	On Balance Sheet			668			638			656			592			613			543			443		(32	)%
		Total Managed	$	1,681		$	1,719		$	1,616		$	1,653		$	1,715		$	1,751		$	1,653		2	%
Coincident Managed Net Credit Loss Ratio				6.33	%		6.38	%		5.77	%		5.75	%		6.04	%		6.23	%		5.77	%
12 Month Lagged Managed Net Credit Loss Ratio				6.67	%		6.73	%		6.05	%		6.10	%		6.46	%		6.50	%		5.91	%
Loans 90+Days Past Due (in millions of dollars)			$	2,293		$	2,025		$	2,107		$	2,185		$	2,180		$	2,066		$	2,098		—
	% of EOP Managed Loans			2.13	%		1.83	%		1.87	%		1.85	%		1.91	%		1.86	%		1.82	%

(1)

The abbreviated income statement presented above is prepared on a managed basis (a non-GAAP measure), and includes the effect of securitizations in Adjusted Revenues, Net of Interest Expense and Adjusted Provision for Credit Losses. This income statement reconciles to Income from Continuing Operations which is a GAAP measure. For a discussion of managed basis reporting see the Cards business on Page 6.

(2)

Includes accrued interest receivable.

(3)

Risk adjusted revenue is total revenues less net credit losses.

Reclassified to conform to the current period's presentation.

7

GLOBAL CONSUMER
CARDS
INTERNATIONAL CARDS
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	538		$	572		$	577		$	599		$	601		$	607		$	676		17	%	$	1,687		$	1,884		12	%
Total Operating Expenses				282			302			275			288			312			303			329		20	%		859			944		10	%
Provision for Credit Losses				229			91			116			131			136			134			97		(16)	%		436			367		(16)	%
Income Before Taxes				27			179			186			180			153			170			250		34	%		392			573		46	%
Income Taxes				5			62			65			62			53			61			84		29	%		132			198		50	%
Income from Continuing Operations			$	22		$	117		$	121		$	118		$	100		$	109		$	166		37	%	$	260		$	375		44	%
Average Assets (in billions of dollars)			$	11		$	11		$	12		$	12		$	13		$	13		$	13		8	%	$	11		$	13		18	%
Return on Assets				0.81	%		4.27	%		4.00	%		3.90	%		3.12	%		3.36	%		5.07	%				3.16	%		3.86	%
KEY INDICATORS (in billions of dollars)
End of Period Managed Receivables(1)			$	10.0		$	10.8		$	10.9		$	12.0		$	11.5		$	12.2		$	13.6		25	%
EOP Open Accounts (in millions)				12.8			13.1			13.3			13.5			13.9			14.0			15.6		17	%
Total Sales			$	7.4		$	8.2		$	8.7		$	9.1		$	8.6		$	9.0		$	10.3		18	%	$	24.3		$	27.9		15	%
Net Interest Revenue (in millions of dollars)			$	335		$	347		$	365		$	380		$	394		$	381		$	405		11	%	$	1,047		$	1,180		13	%
	% of Average Loans			13.38	%		13.24	%		13.33	%		13.39	%		13.82	%		12.90	%		12.71	%
Risk Adjusted Revenue (in millions of dollars)(2)			$	426		$	451		$	429		$	480		$	484		$	471		$	540		26	%	$	1,306		$	1,495		14	%
	% of Average Loans			17.07	%		17.28	%		15.67	%		16.91	%		17.02	%		15.97	%		16.97	%
Average Loans:
	EMEA		$	2.9		$	3.1		$	3.3		$	3.8		$	4.0		$	4.1		$	4.6		39	%	$	3.1		$	4.2		35	%
	Japan			1.0			1.1			1.1			1.1			1.0			1.0			1.1		—			1.1			1.0		(9)	%
	Asia (excluding Japan)			5.5			5.8			5.9			6.0			6.2			6.3			6.6		12	%		5.7			6.4		12	%
	Latin America			0.8			0.5			0.5			0.4			0.4			0.4			0.4		(20)	%		0.6			0.4		(33)	%
		Total	$	10.2		$	10.5		$	10.8		$	11.3		$	11.6		$	11.8		$	12.7		18	%	$	10.5		$	12.0		14	%
Net Credit Losses (in millions of dollars)			$	111		$	122		$	148		$	119		$	117		$	136		$	136		(8)	%
Coincident Net Credit Loss Ratio				4.46	%		4.64	%		5.41	%		4.21	%		4.09	%		4.60	%		4.27	%
12 Month Lagged Net Credit Loss Ratio				4.76	%		4.99	%		5.71	%		4.57	%		4.67	%		5.21	%		4.96	%
Loans 90+Days Past Due (in millions of dollars)			$	199		$	235		$	202		$	212		$	226		$	247		$	255		26	%
% of EOP Loans				2.00	%		2.17	%		1.85	%		1.78	%		1.97	%		2.04	%		1.88	%

(1)

Includes accrued interest receivable.

(2)

Risk adjusted revenue is total revenues less net credit losses.

Reclassified to conform to the current period's presentation.

8

GLOBAL CONSUMER
CONSUMER FINANCE
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	2,332		$	2,449		$	2,462		$	2,564		$	2,532		$	2,431		$	2,499		2	%	$	7,243		$	7,462		3	%
Total Operating Expenses				755			789			776			794			865			835			867		12	%		2,320			2,567		11	%
Provisions for Benefits, Claims and Credit Losses				750			775			844			925			930			957			925		10	%		2,369			2,812		19	%
Income Before Taxes				827			885			842			845			737			639			707		(16	)%		2,554			2,083		(18	)%
Income Taxes				297			317			303			283			252			131			240		(21	)%		917			623		(32	)%
Income from Continuing Operations			$	530		$	568		$	539		$	562		$	485		$	508		$	467		(13	)%	$	1,637		$	1,460		(11	)%
Average Assets (in billions of dollars)			$	91		$	94		$	98		$	100		$	104		$	105		$	104		6	%	$	94		$	104		11	%
Return on Assets				2.36	%		2.42	%		2.18	%		2.23	%		1.89	%		1.94	%		1.78	%				2.33	%		1.88	%
KEY INDICATORS:
Average Loans (in billions of dollars):
	Real estate secured loans		$	46.4		$	47.3		$	48.2		$	50.0		$	51.0		$	51.7		$	52.2		8	%	$	47.3		$	51.6		9	%
	Personal loans			20.1			21.4			22.7			22.2			22.5			22.2			22.1		(3	)%		21.4			22.3		4	%
	Auto			7.4			7.9			8.4			9.8			10.8			11.1			11.2		33	%		7.9			11.0		39	%
	Sales finance and other			3.3			4.1			4.1			4.5			4.5			4.8			5.3		29	%		3.8			4.9		29	%
		Total	$	77.2		$	80.7		$	83.4		$	86.5		$	88.8		$	89.8		$	90.8		9	%	$	80.4		$	89.8		12	%
Average Yield				14.77	%		14.79	%		14.51	%		14.19	%		14.11	%		13.46	%		13.28	%
Average Net Interest Margin				10.58	%		10.82	%		10.62	%		10.48	%		10.55	%		9.99	%		9.96	%
Net Credit Loss Ratio				3.52	%		3.60	%		3.71	%		3.91	%		3.91	%		4.01	%		3.92	%
Loans 90+ Days Past Due (in millions of dollars)			$	2,242		$	2,166		$	2,179		$	2,197		$	2,183		$	2,182		$	2,127		(2	)%
	% of EOP Loans			2.86	%		2.62	%		2.60	%		2.48	%		2.45	%		2.41	%		2.30	%
Number of Offices:
	North America			2,394			2,410			2,420			2,411			2,394			2,394			2,390		(1	)%
	International			1,142			1,199			1,187			1,137			1,103			1,113			1,038		(13	)%
		Total		3,536			3,609			3,607			3,548			3,497			3,507			3,428		(5	)%

Reclassified to conform to the current period's presentation.

9

GLOBAL CONSUMER
CONSUMER FINANCE
NORTH AMERICA CONSUMER FINANCE
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	1,520		$	1,512		$	1,495		$	1,585		$	1,629		$	1,619		$	1,665		11	%	$	4,527		$	4,913		9	%
Total Operating Expenses				491			460			462			480			537			512			523		13	%		1,413			1,572		11	%
Provisions for Benefits, Claims and Credit Losses				508			520			496			550			559			566			552		11	%		1,524			1,677		10	%
Income Before Taxes				521			532			537			555			533			541			590		10	%		1,590			1,664		5	%
Income Taxes				190			195			196			197			197			200			218		11	%		581			615		6	%
Income from Continuing Operations			$	331		$	337		$	341		$	358		$	336		$	341		$	372		9	%	$	1,009		$	1,049		4	%
Average Assets (in billions of dollars)			$	69		$	70		$	72		$	75		$	78		$	78		$	79		10	%	$	70		$	78		11	%
Return on Assets				1.95	%		1.93	%		1.88	%		1.89	%		1.75	%		1.75	%		1.87	%				1.93	%		1.80	%
KEY INDICATORS:
Average Loans (in billions of dollars):
	Real estate secured loans		$	41.7		$	42.1		$	42.6		$	44.3		$	45.0		$	45.6		$	46.2		8	%	$	42.1		$	45.6		8	%
	Personal loans			9.9			10.1			10.2			10.3			10.4			10.5			10.6		4	%		10.1			10.5		4	%
	Auto			5.4			5.8			6.2			7.8			8.8			9.2			9.5		53	%		5.8			9.2		59	%
	Sales finance and other			2.8			2.9			3.3			3.5			3.8			3.8			4.1		24	%		3.0			3.9		30	%
		Total	$	59.8		$	60.9		$	62.3		$	65.9		$	68.0		$	69.1		$	70.4		13	%	$	61.0		$	69.2		13	%
Average Yield				13.36	%		13.06	%		12.76	%		12.56	%		12.53	%		12.20	%		11.99	%
Average Net Interest Margin				8.64	%		8.45	%		8.29	%		8.33	%		8.56	%		8.36	%		8.34	%
Net Credit Loss Ratio				3.00	%		3.10	%		2.79	%		3.10	%		3.06	%		2.98	%		2.93	%
Loans 90+ Days Past Due (in millions of dollars)			$	1,979		$	1,828		$	1,777		$	1,786		$	1,786		$	1,681		$	1,642		(8	)%
	% of EOP Loans			3.28	%		2.97	%		2.82	%		2.64	%		2.60	%		2.40	%		2.29	%
Number of Offices:
	North America (excluding Mexico)			2,278			2,280			2,288			2,267			2,248			2,240			2,228		(3	)%
	Mexico			116			130			132			144			146			154			162		23	%
		Total		2,394			2,410			2,420			2,411			2,394			2,394			2,390		(1	)%

Reclassified to conform to the current period's presentation.

10

GLOBAL CONSUMER
CONSUMER FINANCE
INTERNATIONAL CONSUMER FINANCE
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	812		$	937		$	967		$	979		$	903		$	812		$	834		(14	)%	$	2,716		$	2,549		(6	)%
Total Operating Expenses				264			329			314			314			328			323			344		10	%		907			995		10	%
Provisions for Benefits, Claims and Credit Losses				242			255			348			375			371			391			373		7	%		845			1,135		34	%
Income Before Taxes				306			353			305			290			204			98			117		(62	)%		964			419		(57	)%
Income Taxes				107			122			107			86			55			(69	)		22		(79	)%		336			8		(98	)%
Income from Continuing Operations			$	199		$	231		$	198		$	204		$	149		$	167		$	95		(52	)%	$	628		$	411		(35	)%
Average Assets (in billions of dollars)			$	22		$	24		$	26		$	25		$	26		$	27		$	25		(4	)%	$	24		$	26		8	%
Return on Assets				3.67	%		3.86	%		3.02	%		3.24	%		2.32	%		2.48	%		1.51	%				3.50	%		2.11	%
KEY INDICATORS:
Average Loans (in billions of dollars):
	Real estate secured loans		$	4.7		$	5.2		$	5.6		$	5.7		$	6.0		$	6.1		$	6.0		7	%	$	5.2		$	6.0		15	%
	Personal loans			10.2			11.3			12.5			11.9			12.1			11.7			11.5		(8	)%		11.3			11.8		4	%
	Auto			2.0			2.1			2.2			2.0			2.0			1.9			1.7		(23	)%		2.1			1.8		(14	)%
	Sales finance and other			0.5			1.2			0.8			1.0			0.7			1.0			1.2		50	%		0.8			1.0		25	%
		Total	$	17.4		$	19.8		$	21.1		$	20.6		$	20.8		$	20.7		$	20.4		(3	)%	$	19.4		$	20.6		6	%
Average Yield				19.54	%		20.17	%		19.68	%		19.42	%		19.20	%		17.66	%		17.72	%
Average Net Interest Margin				17.17	%		18.17	%		17.53	%		17.32	%		16.94	%		15.40	%		15.53	%
Net Credit Loss Ratio				5.32	%		5.16	%		6.42	%		6.48	%		6.69	%		7.43	%		7.34	%
Loans 90+ Days Past Due (in millions of dollars)			$	263		$	338		$	402		$	411		$	397		$	501		$	485		21	%
	% of EOP Loans			1.46	%		1.61	%		1.94	%		1.98	%		1.93	%		2.45	%		2.32	%
Number of Offices:
	EMEA			129			130			129			133			135			168			176		36	%
	Japan			879			940			940			884			840			813			739		(21	)%
	Asia (excluding Japan)			31			31			32			36			49			50			64		100	%
	Latin America			103			98			86			84			79			82			59		(31	)%
		Total		1,142			1,199			1,187			1,137			1,103			1,113			1,038		(13	)%

NM    Not meaningful

Reclassified to conform to the current period's presentation.

11

GLOBAL CONSUMER
RETAIL BANKING
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	3,523		$	3,409		$	3,549		$	3,700		$	3,961		$	4,243		$	4,135		17	%	$	10,481		$	12,339		18	%
Total Operating Expenses				1,942			1,910			1,826			2,024			2,102			2,241			2,226		22	%		5,678			6,569		16	%
Provisions for Benefits, Claims and Credit Losses				535			485			382			353			419			429			254		(34	)%		1,402			1,102		(21	)%
Income Before Taxes and Minority Interest				1,046			1,014			1,341			1,323			1,440			1,573			1,655		23	%		3,401			4,668		37	%
Income Taxes				374			360			469			452			448			513			561		20	%		1,203			1,522		27	%
Minority Interest, Net of Tax				10			9			8			11			18			11			8		—			27			37		37	%
Income from Continuing Operations			$	662		$	645		$	864		$	860		$	974		$	1,049		$	1,086		26	%	$	2,171		$	3,109		43	%
Average Assets (in billions of dollars)			$	177		$	179		$	183		$	209		$	227		$	230		$	234		28	%	$	180		$	230		28	%
Return on Assets				1.52	%		1.45	%		1.87	%		1.63	%		1.74	%		1.83	%		1.84	%				1.61	%		1.81	%
KEY INDICATORS:
Average Customer Deposits (in billions of dollars):
	North America		$	89.4		$	87.4		$	84.7		$	101.8		$	111.9		$	112.9		$	113.3		34	%	$	87.2		$	112.7		29	%
	International			77.0			79.1			79.5			79.6			81.4			84.3			87.0		9	%		78.5			84.2		7	%
		Total	$	166.4		$	166.5		$	164.2		$	181.4		$	193.3		$	197.2		$	200.3		22	%	$	165.7		$	196.9		19	%
Average Loans (in billions of dollars):
	North America		$	91.9		$	91.4		$	93.1		$	113.9		$	124.7		$	122.1		$	121.3		30	%	$	92.1		$	122.7		33	%
	International			33.7			34.8			35.2			33.4			34.7			35.6			35.8		2	%		34.6			35.4		2	%
		Total	$	125.6		$	126.2		$	128.3		$	147.3		$	159.4		$	157.7		$	157.1		22	%	$	126.7		$	158.1		25	%
Net Credit Loss Ratio—excluding Commercial Markets				0.86	%		0.79	%		0.74	%		0.48	%		0.42	%		0.58	%		0.72	%
Net Credit Loss Ratio—Commercial Markets				1.66	%		2.55	%		1.50	%		1.38	%		1.65	%		1.30	%		0.47	%
Loans 90+Days Past Due—excl Commercial Markets (in millions of dollars)			$	2,828		$	3,037		$	2,969		$	3,647		$	3,644		$	3,706		$	3,707		25	%
	% of EOP Loans			3.40	%		3.46	%		3.39	%		3.18	%		3.18	%		3.29	%		3.19	%
Cash Basis Loans—Commercial Markets (in millions of dollars)			$	1,321		$	1,161		$	1,234		$	1,299		$	1,250		$	1,165		$	1,283		4	%
	% of EOP Loans			3.29	%		2.95	%		3.23	%		2.90	%		2.88	%		2.76	%		3.17	%
EOP Accounts (in millions):
	North America			26.3			26.7			27.3			29.7			29.4			29.7			30.1		10	%
	International			17.3			18.2			17.8			17.0			17.0			17.3			17.5		(2	)%
		Total		43.6			44.9			45.1			46.7			46.4			47.0			47.6		6	%
Branches:
	Citibanking North America			461			459			458			812			781			779			782		71	%
	Mexico			1,489			1,429			1,423			1,422			1,413			1,409			1,408		(1	)%
	International			909			908			890			891			875			863			877		(1	)%
		Total		2,859			2,796			2,771			3,125			3,069			3,051			3,067		11	%

Reclassified to conform to the current period's presentation.

12

GLOBAL CONSUMER
RETAIL BANKING
NORTH AMERICA RETAIL BANKING
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002		YTD 3Q 2003		YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense:
Citibanking North America, Consumer Assets and CitiCapital			$	1,432		$	1,445		$	1,415		$	1,627		$	1,797		$	1,945		$	1,891		34	%	$	4,292	$	5,633	31	%
Primerica Financial Services				519			513			496			530			523			523			535		8	%		1,528		1,581	3	%
Mexico				448			503			491			406			462			527			369		(25	)%		1,442		1,358	(6	)%
		Total Revenues, Net of Interest Expense		2,399			2,461			2,402			2,563			2,782			2,995			2,795		16	%		7,262		8,572	18	%
Total Operating Expenses				1,347			1,308			1,213			1,378			1,435			1,551			1,541		27	%		3,868		4,527	17	%
Provisions for Benefits, Claims and Credit Losses				324			428			306			268			326			296			182		(41	)%		1,058		804	(24	)%
Income Before Taxes and Minority Interest				728			725			883			917			1,021			1,148			1,072		21	%		2,336		3,241	39	%
Income Taxes				267			258			303			312			316			372			359		18	%		828		1,047	26	%
Minority Interest, Net of Tax				10			9			8			11			18			11			8		—			27		37	37	%
Income from Continuing Operations			$	451		$	458		$	572		$	594		$	687		$	765		$	705		23	%	$	1,481	$	2,157	46	%
Income from Continuing Operations by Business:
	Citibanking North America, Consumer Assets and CitiCapital		$	326		$	292		$	339		$	356		$	459		$	507		$	485		43	%	$	957	$	1,451	52	%
	Primerica Financial Services			133			131			126			147			136			140			139		10	%		390		415	6	%
	Mexico			(8	)		35			107			91			92			118			81		(24	)%		134		291	NM
		Total	$	451		$	458		$	572		$	594		$	687		$	765		$	705		23	%	$	1,481	$	2,157	46	%
KEY INDICATORS:
Average Customer Deposits (in billions of dollars):
	North America (excluding Mexico)		$	62.6		$	62.7		$	62.4		$	79.9		$	90.6		$	91.7		$	93.2		49	%	$	62.6	$	91.8	47	%
	Mexico			26.8			24.7			22.3			21.9			21.3			21.2			20.1		(10	)%		24.6		20.9	(15	)%
		Total	$	89.4		$	87.4		$	84.7		$	101.8		$	111.9		$	112.9		$	113.3		34	%	$	87.2	$	112.7	29	%
Average Loans by Type (in billions of dollars):
	Mortgages		$	31.0		$	32.7		$	35.3		$	51.3		$	59.6		$	58.1		$	58.4		65	%	$	33.1	$	58.8	78	%
	Student Loans			19.2			19.2			19.9			21.3			22.0			22.3			22.7		14	%		19.4		22.3	15	%
	Personal			1.5			1.4			1.4			1.4			1.3			1.3			1.3		(7	)%		1.4		1.3	(7	)%
	Commercial Markets			38.7			36.7			36.0			39.6			41.7			40.4			38.9		8	%		37.1		40.3	9	%
	Other			1.5			1.4			0.5			0.3			0.1			—			—		(100	)%		1.1		—	(100	)%
		Total	$	91.9		$	91.4		$	93.1		$	113.9		$	124.7		$	122.1		$	121.3		30	%	$	92.1	$	122.7	33	%
Net Credit Loss Ratio—excluding Commercial Markets				0.58	%		0.69	%		0.41	%		0.20	%		0.17	%		0.29	%		0.10	%
Net Credit Loss Ratio—Commercial Markets				1.71	%		2.68	%		1.55	%		1.38	%		1.69	%		1.31	%		0.44	%
Loans 90+ Days Past Due—excl Commercial Markets (in millions of dollars)			$	1,812		$	1,890		$	1,837		$	2,419		$	2,357		$	2,385		$	2,318		26	%
	% of EOP Loans			3.43	%		3.44	%		3.20	%		2.90	%		2.87	%		3.00	%		2.80	%
Cash Basis Loans—Commercial Markets (in millions of dollars)			$	1,281		$	1,109		$	1,152		$	1,219		$	1,173		$	1,090		$	1,213		5	%
	% of EOP Loans			3.41	%		3.03	%		3.23	%		2.87	%		2.86	%		2.76	%		3.27	%
Citibanking North America and Consumer Assets:
Mutual Fund / UIT Sales at NAV (in millions of dollars)			$	841		$	866		$	783		$	735		$	831		$	795		$	675		(14	)%
Variable Annuity Net Written Premiums & Deposits (in millions of dollars)			$	367		$	327		$	375		$	329		$	394		$	332		$	293		(22	)%
EOP Mortgage Servicing Portfolio (in billions of dollars)			$	74.9		$	80.6		$	82.0		$	162.9		$	155.4		$	140.3		$	137.3		67	%
Mortgage Orginations (in billions of dollars)			$	10.7		$	11.8		$	12.7		$	20.0		$	21.3		$	23.5		$	36.9		NM
Student Loan Originations (in billions of dollars)			$	1.5		$	0.7		$	2.2		$	1.6		$	2.3		$	0.7		$	2.2		—
Primerica Financial Services:
Life Insurance in Force (in billions of dollars)			$	441.3		$	452.6		$	459.1		$	466.8		$	474.4		$	486.6		$	494.2		8	%
Loan Volumes (in millions of dollars) (1)			$	1,253.8		$	1,139.8		$	1,105.4		$	1,237.4		$	1,259.6		$	1,350.4		$	1,460.0		32	%
Mutual Fund/UIT Sales at NAV (in millions of dollars)			$	937		$	964		$	718		$	687		$	706		$	692		$	712		(1	)%
Variable Annuity Net Written Premiums & Deposits (in millions of dollars)			$	225		$	250		$	184		$	156		$	158		$	171		$	212		15	%

(1)

Represents loan products marketed by Primerica Financial Services; the receivables are primarily reflected in the assets of Consumer Finance.

NM

Not meaningful

Reclassified to conform to the current period's presentation.

13

GLOBAL CONSUMER
RETAIL BANKING
INTERNATIONAL RETAIL BANKING
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003		YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense:
EMEA			$	444		$	489		$	526		$	550		$	560		$	597		$	632		20	%	$	1,459		$	1,789	23	%
Japan				102			111			167			111			107			112			117		(30)	%		380			336	(12)	%
Asia (excluding Japan)				354			356			394			382			398			423			430		9	%		1,104			1,251	13	%
Latin America				224			(8	)		60			94			114			116			161		NM			276			391	42	%
	Total Revenues, Net of Interest Expense			1,124			948			1,147			1,137			1,179			1,248			1,340		17	%		3,219			3,767	17	%
Total Operating Expenses				595			602			613			646			667			690			685		12	%		1,810			2,042	13	%
Provisions for Benefits, Claims and Credit Losses				211			57			76			85			93			133			72		(5)	%		344			298	(13)	%
Income Before Taxes				318			289			458			406			419			425			583		27	%		1,065			1,427	34	%
Income Taxes				107			102			166			140			132			141			202		22	%		375			475	27	%
Income from Continuing Operations			$	211		$	187		$	292		$	266		$	287		$	284		$	381		30	%	$	690		$	952	38	%
Income (loss) from Continuing Operations by Region:
	EMEA		$	88		$	101		$	114		$	102		$	108		$	106		$	130		14	%	$	303		$	344	14	%
	Japan			32			39			72			39			31			35			30		(58)	%		143			96	(33)	%
	Asia (excluding Japan)			110			116			141			129			137			146			149		6	%		367			432	18	%
	Latin America			(19	)		(69	)		(35	)		(4	)		11			(3	)		72		NM			(123	)		80	NM
		Total	$	211		$	187		$	292		$	266		$	287		$	284		$	381		30	%	$	690		$	952	38	%
KEY INDICATORS:
Average Customer Deposits (in billions of dollars):
	EMEA		$	16.2		$	16.9		$	17.0		$	17.3		$	18.4		$	19.2		$	20.0		18	%	$	16.7		$	19.2	15	%
	Japan			15.8			17.2			18.4			18.7			18.9			19.1			20.3		10	%		17.1			19.4	13	%
	Asia (excluding Japan)			36.7			37.6			36.9			36.6			37.1			38.9			39.9		8	%		37.1			38.6	4	%
	Latin America			8.3			7.4			7.2			7.0			7.0			7.1			6.8		(6)	%		7.6			7.0	(8)	%
		Total	$	77.0		$	79.1		$	79.5		$	79.6		$	81.4		$	84.3		$	87.0		9	%	$	78.5		$	84.2	7	%
Average Loans by Type (in billions of dollars):
	Mortgages		$	14.2		$	14.5		$	14.3		$	12.1		$	12.1		$	12.2		$	12.2		(15)	%	$	14.4		$	12.2	(15)	%
	Auto			2.8			2.6			2.5			2.3			2.1			2.3			2.4		(4)	%		2.6			2.3	(12)	%
	Personal			12.2			13.3			14.0			14.6			15.5			16.6			16.7		19	%		13.2			16.3	23	%
	Commercial Markets			2.6			2.6			2.7			2.5			2.3			2.6			3.0		11	%		2.6			2.6	—
	Other			1.9			1.8			1.7			1.9			2.7			1.9			1.5		(12)	%		1.8			2.0	11	%
		Total	$	33.7		$	34.8		$	35.2		$	33.4		$	34.7		$	35.6		$	35.8		2	%	$	34.6		$	35.4	2	%
Net Credit Loss Ratio—excluding Commercial Markets				1.33	%		0.97	%		1.31	%		1.17	%		1.07	%		1.28	%		2.28	%
Net Credit Loss Ratio—Commercial Markets				0.90	%		0.68	%		0.84	%		1.28	%		0.84	%		1.08	%		0.94	%
Loans 90+Days Past Due—excl Commercial Markets (in millions of dollars)			$	1,016		$	1,147		$	1,132		$	1,228		$	1,287		$	1,321		$	1,389		23	%
% of EOP Loans				3.35	%		3.50	%		3.76	%		3.91	%		3.95	%		3.99	%		4.16	%
Cash Basis Loans—Commercial Markets (in millions of dollars)			$	40		$	52		$	82		$	80		$	77		$	75		$	70		(15)	%
% of EOP Loans				1.55	%		1.94	%		3.16	%		3.48	%		3.24	%		2.76	%		2.10	%
Branches:
	EMEA			603			599			605			606			592			583			597		(1)	%
	Japan			20			20			20			23			24			24			25		25	%
	Asia (excluding Japan)			91			94			96			98			98			98			103		7	%
	Latin America			195			195			169			164			161			158			152		(10)	%
		Total		909			908			890			891			875			863			877		(1)	%

NM

Not meaningful

Reclassified to conform to the current period's presentation.

14

GLOBAL CORPORATE AND INVESTMENT BANK
INCOME STATEMENT
(In millions of dollars)

				1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Revenues:
	Commissions and Fees			$	562		$	555		$	555		$	508		$	409		$	487		$	489		(12	)%	$	1,672		$	1,385		(17	)%
	Asset Management and Administration Fees				425			461			464			474			520			546			555		20	%		1,350			1,621		20	%
	Investment Banking				904			985			770			853			826			1,022			707		(8	)%		2,659			2,555		(4	)%
	Principal Transactions				1,296			1,071			924			438			1,258			988			847		(8	)%		3,291			3,093		(6	)%
	Other				(106	)		6			135			179			175			349			212		57	%		35			736		NM
		Total Non-Interest Revenues			3,081			3,078			2,848			2,452			3,188			3,392			2,810		(1	)%		9,007			9,390		4	%
		Net Interest and Dividends			2,055			1,999			1,697			1,933			1,895			2,037			1,941		14	%		5,751			5,873		2	%
			Total Revenues, Net of Interest Expense		5,136			5,077			4,545			4,385			5,083			5,429			4,751		5	%		14,758			15,263		3	%
Non-Interest Expenses:
	Compensation and Benefits				2,052			1,894			1,381			1,083			2,004			2,110			1,617		17	%		5,327			5,731		8	%
	Other Operating and Administrative Expenses				827			922			909			3,025			946			1,076			1,061		17	%		2,658			3,083		16	%
			Total Non-Interest Expenses		2,879			2,816			2,290			4,108			2,950			3,186			2,678		17	%		7,985			8,814		10	%
Provision for Credit Losses					568			265			664			758			116			298			76		(89	)%		1,497			490		(67	)%
Income (Loss) Before Taxes and Minority Interest					1,689			1,996			1,591			(481	)		2,017			1,945			1,997		26	%		5,276			5,959		13	%
Income Taxes (Benefits)					561			673			545			(168	)		613			593			621		14	%		1,779			1,827		3	%
Minority Interest, Net of Tax					3			5			4			13			5			12			8		100	%		12			25		NM
		Income (Loss) from Continuing Operations		$	1,125		$	1,318		$	1,042		$	(326	)	$	1,399		$	1,340		$	1,368		31	%	$	3,485		$	4,107		18	%
Pre-tax Profit Margin					32.9	%		39.3	%		35.0	%		(11.0	)%		39.7	%		35.8	%		42.0	%				35.8	%		39.0	%
Non-Compensation Expenses as a Percent of Net Revenues					16.1	%		18.2	%		20.0	%		69.0	%		18.6	%		19.8	%		22.3	%				18.0	%		20.2	%
Compensation and Benefits Expenses as a Percent of Net Revenues					40.0	%		37.3	%		30.4	%		24.7	%		39.4	%		38.9	%		34.0	%				36.1	%		37.5	%
Compensation and Benefits Expenses as a Percent of Risk Adjusted Revenues(1)					44.9	%		39.4	%		35.6	%		29.9	%		40.3	%		41.1	%		34.6	%				40.2	%		38.8	%

(1)

Risk Adjusted Revenues represent Revenues net of Interest Expense less Provision for Credit Losses.

NM

Not meaningful

Reclassified to conform to the current period's presentation.

15

GLOBAL CORPORATE AND INVESTMENT BANK
REVENUE DETAILS
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Investment Banking Revenue:
	Debt Underwriting		$	349		$	359		$	270		$	296		$	402		$	507		$	321		19	%	$	978		$	1,230		26	%
	Equity Underwriting			342			308			195			177			155			307			201		3	%		845			663		(22	)%
	Advisory and Other Fees			352			450			434			482			375			366			303		(30	)%		1,236			1,044		(16	)%
	Revenue Recognized in Private Client Segment			(139	)		(132	)		(129	)		(102	)		(106	)		(158	)		(118	)	9	%		(400	)		(382	)	5	%
		Total Investment Banking Revenues	$	904		$	985		$	770		$	853		$	826		$	1,022		$	707		(8	)%	$	2,659		$	2,555		(4	)%
Trading Related Revenue by Product
	Fixed Income		$	1,506		$	1,140		$	1,069		$	947		$	1,444		$	1,257		$	1,028		(4	)%	$	3,715		$	3,729		—
	Equities			148			196			2			(17	)		111			183			140		NM			346			434		25	%
	Foreign Exchange			435			522			412			357			418			390			478		16	%		1,369			1,286		(6	)%
	Other			84			33			68			29			45			64			64		(6	)%		185			173		(6	)%
	Revenue Recognized in Private Client Segment			(120	)		(112	)		(121	)		(114	)		(126	)		(121	)		(124	)	(2	)%		(353	)		(371	)	(5	)%
	Total Trading Related Revenue		$	2,053		$	1,779		$	1,430		$	1,202		$	1,892		$	1,773		$	1,586		11	%	$	5,262		$	5,251		—
Trading Related Revenue by Income Statement Line
		Principal Transactions	$	1,296		$	1,071		$	924		$	438		$	1,258		$	988		$	847		(8	)%	$	3,291		$	3,093		(6	)%
		Net Interest Revenue		757			708			506			764			634			785			739		46	%		1,971			2,158		9	%
	Total Trading Related Revenue		$	2,053		$	1,779		$	1,430		$	1,202		$	1,892		$	1,773		$	1,586		11	%	$	5,262		$	5,251		—

Reclassified to conform to the current period's presentation.

NM    not meaningful

16

GLOBAL CORPORATE AND INVESTMENT BANK
CAPITAL MARKETS AND BANKING
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	4,378		$	4,219		$	3,691		$	3,451		$	4,180		$	4,531		$	3,856		4	%	$	12,288		$	12,567		2	%
Total Operating Expenses				2,275			2,222			1,695			1,479			2,354			2,546			2,053		21	%		6,192			6,953		12	%
Provision for Credit Losses				499			262			576			709			107			286			73		(87	)%		1,337			466		(65	)%
Income Before Taxes and Minority Interest				1,604			1,735			1,420			1,263			1,719			1,699			1,730		22	%		4,759			5,148		8	%
Income Taxes				543			596			492			372			520			524			552		12	%		1,631			1,596		(2	)%
Minority Interest, Net of Tax				2			3			5			14			5			12			8		60	%		10			25		NM
Income from Continuing Operations			$	1,059		$	1,136		$	923		$	877		$	1,194		$	1,163		$	1,170		27	%	$	3,118		$	3,527		13	%
Investment Banking
Underwriting (full credit to book manager):
	Debt and equity:
		Global Volume(1)	$	142,010		$	116,607		$	89,912		$	91,584		$	145,134		$	143,694		$	115,467		28	%	$	348,529		$	404,295		16	%
		Global Market Share		11.6	%		10.2	%		10.0	%		9.4	%		10.5	%		10.0	%		9.9	%				10.6	%		10.2	%
		Rank		1			1			1			1			1			1			1					1			1
		U.S. Volume(2)	$	114,651		$	85,050		$	73,115		$	67,555		$	115,484		$	102,518		$	91,165		25	%	$	272,816		$	309,167		13	%
		U.S. Market Share		13.8	%		11.5	%		11.6	%		10.3	%		12.7	%		11.5	%		12.1	%				12.4	%		12.1	%
		Rank		1			1			1			1			1			1			1					1			1

(1)

Includes non-convertible debt, Rule 144A non-convertible debt, Rule 144A non-convertible preferred, non-convertible preferred, preferred, taxable municipal debt, mortgage and asset backed debt, all common stock, convertible debt and convertible preferred. Excludes all closed end funds.

(2)

Includes all U.S. mortgage and asset backed debt, U.S. non-convertible debt, U.S. Rule 144A non-convertible and U.S. taxable municipal debt, all U.S. common stock, U.S. convertible debt and U.S. convertible preferred. Excludes all closed end funds, 144A common stock, 144A convertible stock, and 144A convertible preferred.

NM

Not meaningful

Reclassified to conform to the current period's presentation.

17

GLOBAL CORPORATE AND INVESTMENT BANK
TRANSACTION SERVICES
(In millions of dollars)

	1Q 2002		2Q 2002		3Q 2002		4Q 2002		1Q 2003		2Q 2003		3Q 2003		3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002		YTD 3Q 2003		YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense	$	857	$	962	$	911	$	890	$	913	$	908	$	893	(2	)%	$	2,730	$	2,714	(1	)%
Total Operating Expenses		653		630		633		667		625		634		618	(2	)%		1,916		1,877	(2	)%
Provision for Credit Losses		69		3		88		49		9		12		3	(97	)%		160		24	(85	)%
Income Before Taxes		135		329		190		174		279		262		272	43	%		654		813	24	%
Income Taxes		46		113		61		50		82		75		69	13	%		220		226	3	%
Income from Continuing Operations	$	89	$	216	$	129	$	124	$	197	$	187	$	203	57	%	$	434	$	587	35	%
Liability Balances (Average in billions)	$	81	$	84	$	86	$	89	$	92	$	96	$	101	17	%
Assets Under Custody (EOP in trillions)	$	5.2	$	5.4	$	5.3	$	5.1	$	5.2	$	5.6	$	5.7	8	%

Reclassified to conform to the current period's presentation.

18

PRIVATE CLIENT SERVICES
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Revenues:
Fee-Based and Net Interest Revenue			$	770		$	799		$	728		$	658		$	687		$	678		$	741		2	%		2,297			2,106		(8	)%
Commissions and Other Transactional Revenue				737			752			702			684			640			771			748		7	%		2,191			2,159		(1	)%
Total Revenues, Net of Interest Expense				1,507			1,551			1,430			1,342			1,327			1,449			1,489		4	%	$	4,488		$	4,265		(5	)%
Total Operating Expenses				1,165			1,198			1,133			1,059			1,072			1,156			1,162		3	%		3,496			3,390		(3	)%
Provision for Credit Losses				—			2			—			4			1			—			—		—			2			1		(50	)%
Income Before Taxes				342			351			297			279			254			293			327		10	%		990			874		(12	)%
Income Taxes				125			128			109			108			97			112			124		14	%		362			333		(8	)%
Income from Continuing Operations			$	217		$	223		$	188		$	171		$	157		$	181		$	203		8	%	$	628		$	541		(14	)%
Pretax Profit Margin				23	%		23	%		21	%		21	%		19	%		20	%		22	%				22	%		20	%
Financial Consultants				12,767			12,808			12,744			12,690			12,471			12,317			12,254		(4	)%
Annualized Revenue per FC (000)			$	481		$	482		$	444		$	418		$	428		$	467		$	481		8	%
Branch offices				534			536			536			534			532			531			531		(1	)%
Client Assets (in billions of dollars)
Assets Under Fee-Based Management:
	Consulting Group and Internally Managed Accounts		$	130		$	116		$	103		$	106		$	107		$	121		$	128		24	%
	Financial Consultant Managed Accounts			60			55			49			52			53			61			64		31	%
	Total Private Client(1)		$	190		$	171		$	152		$	158		$	160		$	182		$	192		26	%
Total Client Assets:
	Private Client		$	858		$	802		$	734		$	762		$	763		$	834		$	851		16	%
	Other Investor Assets within Citigroup Global Markets			127			130			116			129			119			125			147		27	%
		Total(1)	$	985		$	932		$	850		$	891		$	882		$	959		$	998		17	%
Net Client Asset Flows			$	15		$	9		$	7		$	3		$	5		$	9		$	5		(29	)%
Bank Deposit Program Balances			$	37		$	37		$	40		$	41		$	42		$	42		$	42		5	%

(1)

Includes some assets jointly managed with Citigroup Asset Management.

Reclassified to conform to the current period's presentation.

19

GLOBAL INVESTMENT MANAGEMENT
LIFE INSURANCE AND ANNUITIES—Page 1
(In millions of dollars)

			1Q 2002		2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	1,018	$	1,034		$	925		$	1,099		$	1,133		$	1,164		$	1,372		48	%	$	2,977		$	3,669		23	%
Total Operating Expenses				92		112			124			173			179			184			208		68	%		328			571		74	%
Provision for Benefits and Claims				616		735			698			677			680			718			925		33	%		2,049			2,323		13	%
Income Before Taxes				310		187			103			249			274			262			239		NM			600			775		29	%
Income Taxes and Minority Interest, net of tax				96		50			20			66			38			72			87		NM			166			197		19	%
Income from Continuing Operations			$	214	$	137		$	83		$	183		$	236		$	190		$	152		83	%	$	434		$	578		33	%
Income from Continuing Operations(1)
	Travelers Life & Annuity		$	210	$	89		$	70		$	193		$	221		$	173		$	229		NM		$	369		$	623		69	%
	International Insurance Manufacturing		$	4	$	48		$	13		$	(10	)	$	15		$	17		$	(77	)	NM		$	65		$	(45	)	NM
Pre-tax Contribution by Source:
Individual Annuities			$	123	$	112		$	89		$	94		$	92		$	87		$	106		19	%	$	324		$	285		(12)	%
Group Annuities				98		96			62			109			85			83			88		42	%		256			256		—
Life				41		66			47			53			48			54			57		21	%		154			159		3	%
Other				27		25			37			29			33			17			35		(5)	%		89			85		(4)	%
Realized Insurance Investment Portfolio Gains / (Losses)				16		(182	)		(148	)		(15	)		(3	)		(2	)		43		NM			(314	)		38		NM
		Total Travelers Life & Annuity		305		117			87			270			255			239			329		NM			509			823		62	%
International Insurance Manufacturing				5		70			16			(14	)		19			23			(38	)	NM			91			4		(96)	%
Realized Insurance Investment Portfolio Gains / (Losses)				—		—			—			(7	)		—			—			(52	)	—			—			(52	)	—
		Total International Insurance Manufacturing		5		70			16			(21	)		19			23			(90	)	NM			91			(48	)	NM
	Total Life Insurance and Annuities		$	310	$	187		$	103		$	249		$	274		$	262		$	239		NM		$	600		$	775		29	%

(1)

Includes after-tax net realized insurance investment portfolio gains / (losses) of $10, ($118), ($100), and ($11) million, for the first, second, third and fourth quarters of 2002, respectively, and ($2), ($1) and ($25) million for the first, second and third quarters of 2003, respectively. Included within these numbers are net realized losses attributed to International Insurance Manufacturing of ($5) million in the fourth quarter of 2002 and ($53) million in the third quarter of 2003.

NM

Not meaningful

Reclassified to conform to the current period's presentation.

20

GLOBAL INVESTMENT MANAGEMENT
LIFE INSURANCE AND ANNUITIES—Page 2
(In millions of dollars)

				1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Travelers Life and Annuity:
	Individual annuities:
	Net written premiums and deposits:
		Fixed		$	376		$	400		$	325		$	193		$	141		$	177		$	115		(65	)%	$	1,101		$	433		(61	)%
		Variable			1,136			1,119			962			864			811			960			1,099		14	%		3,217			2,870		(11	)%
		Individual Payout			14			12			15			17			20			12			12		(20	)%		41			44		7	%
			Total	$	1,526		$	1,531		$	1,302		$	1,074		$	972		$	1,149		$	1,226		(6	)%	$	4,359		$	3,347		(23	)%
	Policyholder account balances and benefit reserves:(1)
		Fixed		$	7,889		$	8,229		$	8,515		$	8,647		$	8,755		$	8,873		$	8,925		5	%
		Variable			22,168			20,328			18,173			19,152			18,874			21,195			22,068		21	%
		Individual Payout			646			644			645			649			653			649			648		—
			Total	$	30,703		$	29,201		$	27,333		$	28,448		$	28,282		$	30,717		$	31,641		16	%
	Policyholder account balances and benefit reserves rollforward:(1)
		Beginning of Period		$	30,049		$	30,703		$	29,201		$	27,333		$	28,448		$	28,282		$	30,717		5	%
			Net Sales		796			661			464			262			186			382			409		(12	)%
			Change in Market Value		(116	)		(2,130	)		(2,318	)		856			(345	)		2,065			538		NM
			Interest Credited		116			121			128			133			122			125			127		(1	)%
			Benefits, Fees and Other		(142	)		(154	)		(142	)		(136	)		(129	)		(137	)		(150	)	(6	)%
			End of Period	$	30,703		$	29,201		$	27,333		$	28,448		$	28,282		$	30,717		$	31,641		16	%
	Group annuities:
	Net Written Premiums and Deposits(2)			$	1,525		$	2,350		$	1,397		$	1,020		$	2,111		$	1,361		$	2,409		72	%	$	5,272		$	5,881		12	%
	Policyholder account balances and benefit reserves:
		Guaranteed Investment Contracts		$	9,745		$	10,808		$	10,970		$	10,719		$	11,624		$	11,645		$	12,466		14	%
		Payout Group Annuities			5,720			5,942			6,099			6,202			6,320			6,519			6,899		13	%
		Other Group Investment Contracts			5,819			5,759			5,581			5,380			5,433			5,480			5,485		(2	)%
			Total	$	21,284		$	22,509		$	22,650		$	22,301		$	23,377		$	23,644		$	24,850		10	%
	Life insurance:
	Net written premiums and deposits:
		Direct periodic premiums and deposits		$	233		$	177		$	143		$	218		$	209		$	185		$	204		43	%	$	553		$	598		8	%
		Single premium deposits			76			72			64			73			49			81			124		94	%		212			254		20	%
		Reinsurance			(26	)		(28	)		(29	)		(30	)		(30	)		(34	)		(36	)	(24	)%		(83	)		(100	)	(20	)%
			Total	$	283		$	221		$	178		$	261		$	228		$	232		$	292		64	%	$	682		$	752		10	%
		Policyholder account balances and benefit reserves:		$	3,592		$	3,643		$	3,635		$	3,852		$	3,971		$	4,225		$	4,459		23	%
		Life insurance in force (in billions, face amt.)		$	77.8		$	79.6		$	80.7		$	82.0		$	83.2		$	84.5		$	86.9		8	%
		Life insurance issued (in billions, face amt.)		$	4.5		$	4.0		$	3.2		$	3.3		$	3.3		$	3.6		$	4.3		34	%	$	11.7		$	11.2		(4	)%
Investment Data:
		Assets		$	35,179		$	36,869		$	38,075		$	39,766		$	42,316		$	43,466		$	44,706		17	%
		Net Investment Income		$	619		$	638		$	620		$	693		$	661		$	648		$	680		10	%	$	1,877		$	1,989		6	%
		Annualized Effective Yield			7.11	%		7.12	%		6.57	%		7.25	%		6.78	%		6.42	%		6.63	%				6.92	%		6.61	%

(1)

Includes general account, separate accounts and managed funds.

(2)

Excludes deposits related to Citigroup plans previously managed externally.

NM

Not meaningful

21

GLOBAL INVESTMENT MANAGEMENT
PRIVATE BANK
(In millions of dollars)

				1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense				$	423		$	428		$	414		$	439		$	461		$	519		$	510		23	%	$	1,265		$	1,490		18	%
Total Operating Expenses					257			261			237			252			275			311			298		26	%		755			884		17	%
Provision for Credit Losses					6			—			5			7			4			6			2		(60	)%		11			12		9	%
Income Before Taxes					160			167			172			180			182			202			210		22	%		499			594		19	%
Income Taxes					49			54			55			58			57			64			67		22	%		158			188		19	%
Income from Continuing Operations				$	111		$	113		$	117		$	122		$	125		$	138		$	143		22	%	$	341		$	406		19	%
Average Assets (in billions of dollars)				$	28		$	29		$	29		$	30		$	34		$	38		$	39		34	%	$	29		$	37		28	%
Return on Assets					1.61	%		1.56	%		1.60	%		1.61	%		1.49	%		1.46	%		1.45	%				1.57	%		1.47	%
Client Business Volumes (in billions of dollars)(1)				$	166		$	163		$	163		$	170		$	172		$	180		$	186		14	%	$	163		$	186		14	%
Client Business Volumes (in billions of dollars)(1):
	Proprietary Managed Assets			$	31		$	29		$	31		$	32		$	32		$	33		$	34		10	%
	Other Assets under Fee-Based Management				9			9			8			8			7			7			7		(13	)%
	Banking and Fiduciary Deposits				35			36			36			38			39			41			42		17	%
	Loans				29			30			31			33			34			35			37		19	%
	Other, Principally Custody Accounts				62			59			57			59			60			64			66		16	%
		Total Client Business Volumes		$	166		$	163		$	163		$	170		$	172		$	180		$	186		14	%
Revenues:
Customer Revenues
	Net Interest Spread and Recurring Fee-Based Revenues			$	273		$	270		$	269		$	283		$	287		$	316		$	324		20	%	$	812		$	927		14	%
	Transaction Revenues				91			96			74			90			115			148			141		91	%		261			404		55	%
		Total Customer Revenues			364			366			343			373			402			464			465		36	%		1,073			1,331		24	%
Other Revenues (Principally Allocated Equity and Treasury Revenues)					59			62			71			66			59			55			45		(37	)%		192			159		(17	)%
		Total Revenues		$	423		$	428		$	414		$	439		$	461		$	519		$	510		23	%	$	1,265		$	1,490		18	%
			North America	$	187		$	184		$	187		$	197		$	210		$	221		$	211		13	%	$	558		$	642		15	%
			International		236			244			227			242			251			298			299		32	%		707			848		20	%
				$	423		$	428		$	414		$	439		$	461		$	519		$	510		23	%	$	1,265		$	1,490		18	%
Net Credit Loss Ratio					0.04	%		0.00	%		0.08	%		0.10	%		0.03	%		0.05	%		0.05	%

(1)

Client Business Volumes reflect the inclusion of Banamex beginning in the 2002 third quarter.

Reclassified to conform to the current period's presentation.

22

GLOBAL INVESTMENT MANAGEMENT
ASSET MANAGEMENT(1)
(In millions of dollars)

		1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense		$	470		$	475		$	451		$	445		$	400		$	411		$	444		(2)	%	$	1,396		$	1,255		(10)	%
Total Operating Expenses			318			298			280			293			254			264			322		15	%		896			840		(6)	%
Income Before Taxes and Minority Interest			152			177			171			152			146			147			122		(29)	%		500			415		(17)	%
Income Taxes and Minority Interest, net of tax			53			56			57			43			41			43			50		(12)	%		166			134		(19)	%
Income from Continuing Operations		$	99		$	121		$	114		$	109		$	105		$	104		$	72		(37)	%	$	334		$	281		(16)	%
Pre-tax profit margin			32.3	%		37.3	%		37.9	%		34.2	%		36.5	%		35.8	%		27.5	%
Asset Management (Excl. Retirement Services):
	Total Revenues, Net of Interest Expense	$	385		$	393		$	361		$	361		$	328		$	336		$	361		—		$	1,139		$	1,025		(10)	%
	Total Operating Expenses		257			260			243			246			219			226			240		(1)	%		760			685		(10)	%
	Income Before Taxes		128			133			118			115			109			110			121		3	%		379			340		(10)	%
	Income Taxes		50			49			45			43			39			40			43		(4)	%		144			122		(15)	%
Income from Continuing Operations		$	78		$	84		$	73		$	72		$	70		$	70		$	78		7	%	$	235		$	218		(7)	%
Retirement Services:
	Total Revenues, Net of Interest Expense	$	85		$	82		$	90		$	84		$	72		$	75		$	83		(8)	%	$	257		$	230		(11)	%
	Total Operating Expenses		61			38			37			47			35			38			82		NM			136			155		14	%
	Income Before Taxes and Minority Interest		24			44			53			37			37			37			1		(98)	%		121			75		(38)	%
	Income Taxes and Minority Interest, net of tax		3			7			12			—			2			3			7		(42)	%		22			12		(45)	%
	Income from Continuing Operations	$	21		$	37		$	41		$	37		$	35		$	34		$	(6	)	NM		$	99		$	63		(36)	%
Net Flows by Business (in billions of dollars):
Retail/Private Bank		$	6.0		$	3.3		$	0.5		$	0.9		$	(1.4	)	$	3.1		$	1.6		NM		$	9.8		$	3.3		(66)	%
Institutional
	Long Term		4.1			3.6			1.6			1.4			1.2			3.8			0.4		(75)	%		9.3			5.4		(42)	%
	Liquidity		9.8			1.7			(8.1	)		10.1			(2.4	)		1.1			(2.5	)	69	%		3.4			(3.8	)	NM
Total Institutional			13.9			5.3			(6.5	)		11.5			(1.2	)		4.9			(2.1	)	68	%		12.7			1.6		(87)	%
	Net Flows Excluding US Retail Money Markets	$	19.9		$	8.6		$	(6.0	)	$	12.4		$	(2.6	)	$	8.0		$	(0.5	)	92	%	$	22.5		$	4.9		(78)	%
US Retail Money Markets		$	(1.6	)	$	(4.5	)	$	(3.0	)	$	(3.5	)	$	0.1		$	(1.6	)	$	(1.7	)	43	%	$	(9.1	)	$	(3.2	)	65	%
Assets Under Management by Business (in billions of dollars):
Retail/Private Bank(2)		$	238.9		$	220.6		$	201.5		$	205.1		$	201.5		$	217.0		$	219.9		9	%
Institutional			156.6			161.7			150.2			163.9			162.6			172.7			174.0		16	%
Retirement Services			9.9			10.1			10.6			11.1			11.1			12.2			12.2		15	%
Other(3)			46.3			47.3			81.5			82.8			87.0			90.6			89.3		10	%
	Total Assets Under Management(2, 3)	$	451.7		$	439.7		$	443.8		$	462.9		$	462.2		$	492.5		$	495.4		12	%
Assets Under Management by Product (in billions of dollars):
Equity/Balanced		$	165.5		$	151.2		$	129.4		$	132.9		$	125.9		$	141.9		$	145.5		12	%
Fixed Income			106.3			111.7			145.1			152.9			162.6			173.9			175.4		21	%
Money Markets/Liquidity			140.6			135.2			124.3			132.3			128.9			128.2			124.2		—
Alternative Investments			39.3			41.6			45.0			44.8			44.8			48.5			50.3		12	%
	Total Assets Under Management(2, 3)	$	451.7		$	439.7		$	443.8		$	462.9		$	462.2		$	492.5		$	495.4		12	%
Number of Morningstar 4- and 5-star Mutual Fund share classes(4)
	Equity		11			12			13			14			16			16			17		31	%
	Fixed Income		10			13			13			12			11			6			10		(23)	%
CitiStreet Joint Venture—Assets Under Administration (in billions of dollars)		$	181		$	176		$	159		$	163		$	155		$	170		$	179		13	%

(1)

Includes Retirement Services Businesses.

(2)

Includes $29, $28, $29 and $31 billion for the first, second, third and fourth quarters of 2002, respectively, and $30, $31 and $32 billion for the first, second and third quarters of 2003, respectively, for Citigroup Private Bank clients.

(3)

Includes CAI Institutional alternative investments, Travelers Property Casualty Corp., and TAMIC AUMs. Travelers Property Casualty Corp. assets of $34 and $35 billion in the third and fourth quarters of 2002 and $39, $40 and $38 billion for the first, second and third quarters of 2003 are managed by Asset Management on a third-party basis following the spin-off.

(4)

Asset calculations are based on classes of such funds ranked by Morningstar. Number of funds reflects only one class per fund and are based on performance of non-money market retail funds.

NM

Not meaningful

Reclassified to conform to the current period's presentation.

23

GLOBAL INVESTMENT MANAGEMENT
INSURANCE INVESTMENT PORTFOLIO(1)
(In millions of dollars)

			1Q 2002			2Q 2002		3Q 2002		4Q 2002		1Q 2003		2Q 2003		3Q 2003		3Q 2003 vs. 3Q 2002 Increase/ (Decrease)
Fixed-income investments:
	Available for sale, at market:
		Mortgage-backed securities—principally obligations of U.S. Government agencies	$	8,160		$	8,516	$	9,113	$	8,979	$	10,528	$	10,671	$	10,187	12	%
		U.S. Treasury securities and obligations of U.S. Government corporations and agencies		2,093			2,068		2,254		2,819		2,422		2,481		2,325	3	%
		Corporates (including redeemable preferreds)		24,730			25,840		26,810		27,106		28,042		29,430		31,327	17	%
		Obligations of states and political subdivisions		148			241		318		370		380		450		502	58	%
		Debt securities issued by foreign governments		749			643		537		398		510		640		755	41	%
	Held to maturity, at amortized cost			13			12		12		11		9		9		8	(33)	%
	Total fixed income			35,893			37,320		39,044		39,683		41,891		43,681		45,104	16	%
Equity securities, at market				548			539		470		356		362		432		407	(13)	%
Short Term and Other				4,140			4,230		3,836		6,364		5,890		6,255		6,519	70	%
	Total investments held by Insurance companies		$	40,581		$	42,089	$	43,350	$	46,403	$	48,143	$	50,368	$	52,030	20	%
After-tax unrealized gains/(losses) on invested assets			$	(112	)	$	160	$	600	$	753	$	1,122	$	1,933	$	1,672	NM

(1)

Includes investments held by insurance companies. Excludes Travelers Property Casualty Corp.

NM

Not meaningful

Reclassified to conform to the current period's presentation.

24

PROPRIETARY INVESTMENT ACTIVITIES(1)
(In millions of dollars)

		1Q 2002		2Q 2002			3Q 2002			4Q 2002			1Q 2003		2Q 2003		3Q 2003		3Q 2003 vs. 3Q 2002 Increase/ (Decrease)		YTD 3Q 2002			YTD 3Q 2003		YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Total Revenues, Net of Interest Expense(2)		$	111	$	(49	)	$	(67	)	$	(30	)	$	94	$	168	$	459	NM		$	(5	)	$	721	NM
Total Operating Expenses			52		48			76			62			78		91		84	11	%		176			253	44	%
Income (Loss) from Continuing Operations(2)		$	35	$	(70	)	$	(120	)	$	(74	)	$	—	$	27	$	96	NM		$	(155	)	$	123	NM
Total Revenues, Net of Interest Expense (by Type):
Private Equity		$	77	$	(89	)	$	(651	)	$	(91	)	$	10	$	71	$	393	NM		$	(663	)	$	474	NM
Hedge Funds			11		17			20			23			15		38		8	(60)	%		48			61	27	%
Refinancing Portfolio			4		3			2			5			4		3		2	—			9			9	—
Other(2)			19		20			562			33			65		56		56	(90)	%		601			177	(71)	%
	Total	$	111	$	(49	)	$	(67	)	$	(30	)	$	94	$	168	$	459	NM		$	(5	)	$	721	NM
Total Period End Assets (in billions)		$	9.6	$	8.6		$	9.1		$	9.4		$	9.1	$	9.1	$	9.1	—

(1)

Includes Venture Capital Activities and certain other corporate investments.

(2)

The 2002 third quarter includes $527 million ($323 million after-tax) related to the gain on sale of 399 Park Avenue.

NM Not meaningful

Reclassified to conform to the current period's presentation.

25

CITIGROUP CONSOLIDATED STATEMENT OF INCOME
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003			3Q 2003 vs. 3Q 2002 Increase/ (Decrease)	YTD 3Q 2002			YTD 3Q 2003			YTD 3Q 2003 vs. YTD 3Q 2002 Increase/ (Decrease)
Revenues
	Loan interest, including fees		$	9,159		$	9,517		$	9,686		$	9,541		$	9,470		$	9,312		$	9,098		(6)%	$	28,362		$	27,880		(2)	%
	Other interest and dividends			4,944			5,483			5,398			5,211			4,875			4,776			4,755		(12)%		15,825			14,406		(9)	%
	Insurance premiums			780			931			855			844			825			839			1,071		25%		2,566			2,735		7	%
	Commissions and fees			3,928			4,105			3,612			3,613			3,700			4,049			4,132		14%		11,645			11,881		2	%
	Principal transactions			1,613			1,270			993			637			1,602			1,311			1,307		32%		3,876			4,220		9	%
	Asset management and administration fees			1,320			1,377			1,263			1,186			1,251			1,354			1,426		13%		3,960			4,031		2	%
	Realized gains (losses) from sales of investments			30			(190	)		(165	)		(160	)		162			188			115		NM		(325	)		465		NM
	Other income			880			1,108			1,863			1,924			1,314			2,011			1,430		(23)%		3,851			4,755		23	%
		Total revenues		22,654			23,601			23,505			22,796			23,199			23,840			23,334		(1)%		69,760			70,373		1	%
		Interest expense		4,856			5,608			5,861			4,923			4,663			4,486			3,936		(33)%		16,325			13,085		(20)	%
		Total revenues, net of interest expense		17,798			17,993			17,644			17,873			18,536			19,354			19,398		10%		53,435			57,288		7	%
Benefits, Claims, and Credit Losses
	Policyholder benefits and claims			803			925			887			863			871			901			1,107		25%		2,615			2,879		10	%
	Provision for credit losses			2,559			2,057			2,689			2,690			2,053			2,186			1,614		(40)%		7,305			5,853		(20)	%
		Total benefits, claims, and credit losses		3,362			2,982			3,576			3,553			2,924			3,087			2,721		(24)%		9,920			8,732		(12)	%
Operating Expenses
	Non-insurance compensation and benefits			5,090			4,979			4,387			4,194			5,306			5,544			5,228		19%		14,456			16,078		11	%
	Net occupancy expense			960			988			1,001			1,056			1,041			1,064			1,045		4%		2,949			3,150		7	%
	Technology/communication expense			778			780			762			819			798			793			899		18%		2,320			2,490		7	%
	Insurance underwriting, acquisition and operating			269			233			230			260			264			265			262		14%		732			791		8	%
	Restructuring-related items			46			(40	)		(41	)		20			(13	)		(1	)		(11	)	73%		(35	)		(25	)	29	%
	Other operating			1,913			2,207			2,101			4,306			2,156			2,306			2,190		4%		6,221			6,652		7	%
		Total operating expenses		9,056			9,147			8,440			10,655			9,552			9,971			9,613		14%		26,643			29,136		9	%
Income from Continuing Operations before Income Taxes, Minority Interest and Cumulative Effect of Accounting Change				5,380			5,864			5,628			3,665			6,060			6,296			7,064		26%		16,872			19,420		15	%
Provision for income taxes				1,879			2,017			1,898			1,204			1,919			1,956			2,208		16%		5,794			6,083		5	%
Minority interest, net of income taxes				17			18			24			32			38			41			165		NM		59			244		NM
Income from Continuing Operations before Cumulative Effect of Accounting Change				3,484			3,829			3,706			2,429			4,103			4,299			4,691		27%		11,019			13,093		19	%
Discontinued Operations(1)
	Income from Discontinued Operations			455			359			151			—			—			—			—				965			—
	Gain on Sale of Stock by Subsidiary			1,270			—			—			—			—			—			—				1,270			—
	Provision (benefit) for income taxes			319			104			(63	)		—			—			—			—				360			—
Income from Discontinued Operations				1,406			255			214			—			—			—			—		—		1,875			—		—
Cumulative Effect of Accounting Change(2)				(47	)		—			—			—			—			—			—		—		(47	)		—		—
Net Income			$	4,843		$	4,084		$	3,920		$	2,429		$	4,103		$	4,299		$	4,691		20%	$	12,847		$	13,093		2	%

(1)

Travelers Property Casualty Corp. (TPC) (a wholly-owned subsidiary of Citigroup on December 31, 2001) sold 231,000,000 shares of its class A common stock at $18.50 per share in an initial public offering (IPO) on March 27, 2002. Citigroup made a tax-free distribution to its stockholders of a portion of its ownership interest in TPC on August 20, 2002. Discontinued Operations includes the operations of TPC, the $1.270 billion ($1.158 billion after-tax) gain on the IPO and income taxes on the operations and IPO gain. Citigroup remains a holder of approximately 9.9% of TPC's common equity.

(2)

Accounting Change refers to the 2002 first quarter adoption of the remaining provisions of Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets" (SFAS 142).

NM Not meaningful

26

CITIGROUP CONSOLIDATED STATEMENT OF FINANCIAL POSITION(1)
(In millions of dollars)

			March 31, 2002			June 30, 2002			September 30, 2002			December 31, 2002			March 31, 2003			June 30, 2003			September 30, 2003(2)			Sept. 30, 2003 vs. December 31, 2002 Inc (Decr)
Assets
Cash and due from banks (including segregated cash and other deposits)			$	15,984		$	17,686		$	15,886		$	17,326		$	19,731		$	21,816		$	24,688		42	%
Deposits at interest with banks				17,189			16,768			15,183			16,382			19,173			18,785			21,504		31	%
Federal funds sold and securities borrowed or purchased under agreements to resell				150,605			148,384			157,482			139,946			158,052			167,260			175,458		25	%
Brokerage receivables				26,848			21,050			21,208			25,358			25,606			43,955			35,372		39	%
Trading account assets				145,059			163,867			161,803			155,208			173,099			174,324			190,851		23	%
Investments				172,332			173,185			142,328			169,513			181,750			189,000			185,487		9	%
Loans, net of unearned income
	Consumer			275,631			289,105			293,365			337,681			332,607			329,695			338,614		—
	Corporate			113,083			113,870			110,251			110,124			105,425			108,876			102,962		(7	)%
Loans, net of unearned income				388,714			402,975			403,616			447,805			438,032			438,571			441,576		(1	)%
Allowance for credit losses				(10,520	)		(10,437	)		(10,720	)		(11,501	)		(11,449	)		(11,567	)		(11,243	)	2	%
	Total loans, net			378,194			392,538			392,896			436,304			426,583			427,004			430,333		(1	)%
Goodwill				25,506			25,604			22,559			26,961			26,605			26,960			26,757		(1	)%
Intangible assets				8,885			8,844			7,776			8,509			8,233			7,792			8,674		2	%
Reinsurance recoverables				12,531			12,481			4,328			4,356			4,361			4,431			4,511		4	%
Separate and variable accounts				25,981			24,017			21,522			22,118			21,778			24,268			25,135		14	%
Other assets				78,543			78,882			68,597			75,209			72,002			81,440			80,153		7	%
Total assets			$	1,057,657		$	1,083,306		$	1,031,568		$	1,097,190		$	1,136,973		$	1,187,035		$	1,208,923		10	%
Liabilities
	Non-interest-bearing deposits in U.S. offices		$	21,652		$	21,475		$	22,469		$	29,545		$	28,977		$	26,579		$	27,617		(7	)%
	Interest-bearing deposits in U.S. offices			119,083			114,466			118,101			141,787			145,354			146,178			146,392		3	%
	Non-interest-bearing deposits in offices outside the U.S.			18,488			19,706			19,343			21,422			21,099			23,165			22,579		5	%
	Interest-bearing deposits in offices outside the U.S.			223,166			239,231			230,914			238,141			248,676			252,062			257,654		8	%
Total deposits				382,389			394,878			390,827			430,895			444,106			447,984			454,242		5	%
Federal funds purchased and securities loaned or sold under agreements to repurchase				165,120			171,619			164,946			162,643			178,459			172,864			168,125		3	%
Brokerage payables				25,790			21,175			19,766			22,024			24,989			45,779			35,805		63	%
Trading account liabilities				81,537			86,564			95,699			91,426			92,659			101,998			107,037		17	%
Contractholder funds and separate and variable accounts				49,992			49,925			48,347			49,331			50,339			53,363			55,499		13	%
Insurance policy and claims reserves				49,840			50,129			16,304			16,350			16,459			16,714			16,908		3	%
Investment banking and brokerage borrowings				18,854			18,058			19,951			21,353			21,932			20,782			22,542		6	%
Short-term borrowings				24,805			24,638			27,991			30,629			28,495			32,949			40,698		33	%
Long-term debt				117,757			114,580			109,672			126,927			133,125			131,350			145,990		15	%
Other liabilities(3)				51,229			59,257			51,211			52,742			52,411			63,233			59,930		14	%
Citigroup or subsidiary obligated mandatorily redeemable securities of subsidiary trusts holding solely junior subordinated debt securities of
		—Parent		4,326			4,435			4,605			4,657			5,563			5,615			5,809		25	%
		—Subsidiary		2,380			2,333			1,483			1,495			1,095			1,103			1,079		(28	)%
Total liabilities				974,019			997,591			950,802			1,010,472			1,049,632			1,093,734			1,113,664		10	%
Stockholders' equity
Preferred Stock				1,400			1,400			1,400			1,400			1,126			1,125			1,125		(20	)%
Common Stock				55			55			55			55			55			55			55		—
Additional paid-in capital				23,860			23,815			16,795			17,381			17,450			17,412			17,524		1	%
Retained earnings				73,798			76,924			79,911			81,403			84,453			87,698			90,555		11	%
Treasury stock				(11,194	)		(12,624	)		(14,363	)		(11,637	)		(11,390	)		(11,384	)		(11,241	)	3	%
Accumulated other changes in equity from nonowner sources				(1,770	)		(1,726	)		(1,095	)		(193	)		(1,055	)		904			(492	)	NM
Unearned compensation				(2,511	)		(2,129	)		(1,937	)		(1,691	)		(3,298	)		(2,509	)		(2,267	)	(34	)%
Total stockholders' equity				83,638			85,715			80,766			86,718			87,341			93,301			95,259		10	%
Total liabilities and stockholders' equity			$	1,057,657		$	1,083,306		$	1,031,568		$	1,097,190		$	1,136,973		$	1,187,035		$	1,208,923		10	%

(1)

Periods prior to September 30, 2002 include balances for Travelers Property Casualty Corp.

(2)

Preliminary.

(3)

Includes allowance for credit losses for letters of credit of $50, $110, $110 and $167 million for the first, second, third and fourth quarters of 2002, respectively, and $167 million for the first and second quarters of 2003 and $126 million for the third quarter of 2003.

NM Not meaningful

27

CONSUMER LOAN DELINQUENCY AMOUNTS, NET CREDIT LOSSES AND RATIOS
(In millions of dollars, except loan amounts in billions)

						90 Days Or More Past Due(1)									EOP Loans			Net Credit Losses(1)									Average Loans
						3Q02			2Q03			3Q03			3Q03			3Q02			2Q03			3Q03			3Q03
PRODUCT VIEW:
		Cards				$	2,309		$	2,313		$	2,353		$	128.7		$	1,764		$	1,887		$	1,789		$	126.4
			Ratio				1.86	%		1.88	%		1.83	%					5.74	%		6.08	%		5.62	%
				North America Cards			2,107			2,066			2,098			115.1			1,616			1,751			1,653			113.7
					Ratio		1.87	%		1.86	%		1.82	%					5.77	%		6.23	%		5.77	%
				International Cards			202			247			255			13.6			148			136			136			12.7
					Ratio		1.85	%		2.04	%		1.88	%					5.41	%		4.60	%		4.27	%
		Consumer Finance					2,179			2,182			2,127			92.6			779			897			898			90.8
			Ratio				2.60	%		2.41	%		2.30	%					3.71	%		4.01	%		3.92	%
				North America Consumer Finance			1,777			1,681			1,642			71.7			438			514			520			70.4
					Ratio		2.82	%		2.40	%		2.29	%					2.79	%		2.98	%		2.93	%
				International Consumer Finance			402			501			485			20.9			341			383			378			20.4
					Ratio		1.94	%		2.45	%		2.32	%					6.42	%		7.43	%		7.34	%
		Retail Banking (excluding Commercial Markets)					2,969			3,706			3,707			116.3			166			165			210			115.2
			Ratio				3.39	%		3.29	%		3.19	%					0.74	%		0.58	%		0.72	%
				North America Retail Banking			1,837			2,385			2,318			82.9			59			60			21			82.4
					Ratio		3.20	%		3.00	%		2.80	%					0.41	%		0.29	%		0.10	%
				International Retail Banking			1,132			1,321			1,389			33.4			107			105			189			32.8
					Ratio		3.76	%		3.99	%		4.16	%					1.31	%		1.28	%		2.28	%
		Private Bank					201			140			124			34.6			5			4			4			33.6
			Ratio				0.70	%		0.42	%		0.36	%					0.08	%		0.05	%		0.05	%
		Other					—			—			—			1.1			1			—			—			1.1
Managed Loans (Excluding Commercial Markets)(2)						$	7,658		$	8,341		$	8,311		$	373.3		$	2,715		$	2,953		$	2,901		$	367.1
	Ratio						2.36	%		2.31	%		2.23	%					3.32	%		3.26	%		3.14	%
Securitized Receivables (all in North America Cards)							(1,256	)		(1,385	)		(1,414	)		(73.6	)		(874	)		(1,159	)		(1,127	)		(72.1	)
Loans Held-for-Sale							(135	)		(58	)		(120	)		(3.0	)		(86	)		(49	)		(83	)		(4.1	)
On-Balance Sheet Loans (Excluding Commercial Markets)						$	6,267		$	6,898		$	6,777		$	296.7		$	1,755		$	1,745		$	1,691		$	290.9
	Ratio						2.47	%		2.41	%		2.28	%					2.75	%		2.42	%		2.31	%
						Cash-Basis Loans(1)												Net Credit Losses(1)
		Commercial Markets Groups				$	1,234		$	1,165		$	1,283			40.4		$	147		$	139		$	50			41.9
			Ratio				3.23	%		2.76	%		3.17	%					1.50	%		1.30	%		0.47	%
Total Consumer Loans(2)(3)															$	337.1											$	332.8

				90 Days Or More Past Due(1)									EOP Loans			Net Credit Losses(1)									Average Loans
				3Q02			2Q03			3Q03			3Q03			3Q02			2Q03			3Q03			3Q03
REGIONAL VIEW (Excluding Commercial Markets):
		North America (excluding Mexico)		$	5,447		$	5,860		$	5,752		$	284.0		$	2,073		$	2,306		$	2,190		$	280.3
			Ratio		2.23	%		2.14	%		2.02	%					3.41	%		3.34	%		3.10	%
		Mexico			387			358			374			6.5			44			19			10			6.9
			Ratio		6.16	%		5.39	%		5.77	%					2.74	%		1.12	%		0.58	%
		Europe, Middle East and Africa			1,130			1,412			1,489			31.0			135			169			160			29.8
			Ratio		4.34	%		4.67	%		4.80	%					2.07	%		2.26	%		2.13	%
		Japan			260			333			343			17.0			309			349			343			16.3
			Ratio		1.51	%		2.10	%		2.02	%					6.21	%		8.64	%		8.36	%
		Asia (excluding Japan)			340			325			307			31.8			116			104			101			30.9
			Ratio		1.22	%		1.06	%		0.96	%					1.64	%		1.40	%		1.29	%
		Latin America			94			53			46			3.0			38			6			97			2.9
			Ratio		3.00	%		1.80	%		1.56	%					4.68	%		0.83	%		13.13	%
Managed Loans (Excluding Commercial Markets)(2)				$	7,658		$	8,341		$	8,311		$	373.3		$	2,715		$	2,953		$	2,901		$	367.1
	Ratio				2.36	%		2.31	%		2.23	%					3.32	%		3.26	%		3.14	%
Securitized Receivables (all in North America Cards)					(1,256	)		(1,385	)		(1,414	)		(73.6	)		(874	)		(1,159	)		(1,127	)		(72.1	)
Loans Held-for-Sale					(135	)		(58	)		(120	)		(3.0	)		(86	)		(49	)		(83	)		(4.1	)
On-Balance Sheet Loans (Excluding Commercial Markets)				$	6,267		$	6,898		$	6,777		$	296.7		$	1,755		$	1,745		$	1,691		$	290.9
	Ratio				2.47	%		2.41	%		2.28	%					2.75	%		2.42	%		2.31	%

(1)

The ratios of 90 days or more past due, cash-basis loans and net credit losses are calculated based on end-of-period and average loans, respectively, both net of unearned income.

(2)

This table presents consumer credit information on a managed basis and shows the impact of securitizations to reconcile to a held basis. Only North America Cards from a product view and North America from a regional view are impacted. Managed basis reporting is a non-GAAP measure. Held basis reporting is the related GAAP measure. For a discussion of managed basis reporting see the Cards business on page 6.

(3)

Total Loans and Total Average Loans exclude certain interest and fees on credit cards of approximately $2 billion and $2 billion, respectively, which are included in Consumer Loans on the Consolidated Statement of Financial Position.

Reclassified to conform to the current period's presentation.

28

RESERVE FOR LOAN LOSSES
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003
Allowance for credit losses at beginning of period			$	10,088		$	10,520		$	10,437		$	10,720		$	11,501		$	11,449		$	11,567
Provision for credit losses:
		Global Consumer(1)		1,878			1,599			1,885			1,792			1,810			1,774			1,433
		CitiCapital		112			193			136			119			129			114			105
		Global Corporate and Investment Bank		569			265			668			779			114			298			76
				2,559			2,057			2,689			2,690			2,053			2,186			1,614
Gross credit losses:
		Global Consumer(1)		1,898			1,941			2,040			2,033			2,059			2,081			2,043
		CitiCapital		187			258			172			162			163			134			112
		Global Corporate and Investment Bank		370			368			533			604			230			333			412
				2,455			2,567			2,745			2,799			2,452			2,548			2,567
Credit recoveries:
		Global Consumer(1)		255			259			278			323			319			323			405
		CitiCapital		30			35			32			27			17			8			9
		Global Corporate and Investment Bank		42			106			72			104			31			76			81
				327			400			382			454			367			407			495
Net credit losses:
		Global Consumer(1)		1,643			1,682			1,762			1,710			1,740			1,758			1,638
		CitiCapital		157			223			140			135			146			126			103
		Global Corporate and Investment Bank		328			262			461			500			199			257			331
				2,128			2,167			2,363			2,345			2,085			2,141			2,072
Other—net(2)				1			27			(43	)		436			(20	)		73			134
Allowance for credit losses at end of period			$	10,520		$	10,437		$	10,720		$	11,501		$	11,449		$	11,567		$	11,243
Net Consumer Credit Losses (excluding CitiCapital)			$	1,643		$	1,682		$	1,762		$	1,710		$	1,740		$	1,758		$	1,638
	As a Percentage of Average Consumer Loans			2.71	%		2.65	%		2.65	%		2.33	%		2.29	%		2.30	%		2.10	%
Net CitiCapital Credit Losses			$	157		$	223		$	140		$	135		$	146		$	126		$	103
	As a Percentage of Average CitiCapital Loans			2.15	%		3.09	%		1.97	%		1.96	%		2.24	%		2.01	%		1.69	%
Net Corporate Credit Losses			$	328		$	262		$	461		$	500		$	199		$	257		$	331
	As a Percentage of Average Corporate Loans			1.23	%		0.97	%		1.74	%		1.88	%		0.78	%		0.98	%		1.29	%
ALLOWANCE FOR CREDIT LOSSES
	Consumer (excluding CitiCapital)		$	5,732		$	5,756		$	5,849		$	6,410		$	6,476		$	6,551		$	6,450
	CitiCapital			636			630			627			611			594			585			588
	Corporate			4,152			4,051			4,244			4,480			4,379			4,431			4,205
		Allowance for Credit Losses	$	10,520		$	10,437		$	10,720		$	11,501		$	11,449		$	11,567		$	11,243
Allowance for Credit Losses on Letters of Credit(3)			$	50		$	110		$	110		$	167		$	167		$	167		$	126
Total Allowance for Loans, Leases, Lending Commitments and Letters of Credit			$	10,570		$	10,547		$	10,830		$	11,668		$	11,616		$	11,734		$	11,369
Allowance As a Percent of Total Loans
	Consumer (excluding CitiCapital)			2.33	%		2.21	%		2.20	%		2.06	%		2.11	%		2.16	%		2.04	%
	CitiCapital			2.18	%		2.18	%		2.26	%		2.26	%		2.32	%		2.37	%		2.63	%
	Corporate			3.67	%		3.56	%		3.85	%		4.07	%		4.15	%		4.07	%		4.08	%
		Total		2.71	%		2.59	%		2.66	%		2.57	%		2.61	%		2.64	%		2.55	%

(1)

Includes loans made to Private Bank clients.

(2)

The 2002 fourth quarter includes the addition of $452 million of credit loss reserves related to the acquisition of Golden State Bancorp.

(3)

Represents additional credit reserves recorded as Other Liabilities on the Consolidated Statement of Financial Condition.

29

NON-PERFORMING ASSETS
(In millions of dollars)

			1Q 2002			2Q 2002			3Q 2002			4Q 2002			1Q 2003			2Q 2003			3Q 2003
CASH-BASIS AND RENEGOTIATED LOANS
Corporate Cash-Basis Loans
Collateral Dependent (at lower of cost or collateral value)			$	125		$	87		$	41		$	64		$	61		$	62		$	36
Other				3,157			3,753			3,891			3,931			4,021			4,142			3,753
	Total Corporate Cash-Basis Loans		$	3,282		$	3,840		$	3,932		$	3,995		$	4,082		$	4,204		$	3,789
Corporate Cash-Basis Loans(1)
	JENA(2)		$	924		$	1,074		$	1,096		$	1,207		$	1,077		$	1,188		$	1,121
	Other International(3)			2,358			2,766			2,836			2,788			3,005			3,016			2,668
		Total Corporate Cash-Basis Loans	$	3,282		$	3,840		$	3,932		$	3,995		$	4,082		$	4,204		$	3,789
Corporate Cash-Basis Loans as a % of Total Corporate Loans(4)				2.98	%		3.46	%		3.66	%		3.72	%		3.90	%		3.88	%		3.70	%
Consumer Cash-Basis (excluding Commercial Markets)			$	4,212		$	4,284		$	4,365		$	4,607		$	4,710		$	4,601		$	4,493
Commercial Markets Cash-Basis Loans				1,321			1,161			1,234			1,299			1,250			1,165			1,283
	Total Consumer Cash-Basis Loans		$	5,533		$	5,445		$	5,599		$	5,906		$	5,960		$	5,766		$	5,776
CitiCapital Collateral Dependent Loans (included in Commercial Markets Cash-Basis Loans)			$	330		$	360		$	389		$	508		$	462		$	489		$	413
Renegotiated Loans (includes Corporate and Commercial Markets Loans)			$	335		$	317		$	267		$	170		$	157		$	178		$	161
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
Consumer(5)			$	384		$	458		$	473		$	495		$	509		$	479		$	460
Global Corporate and Investment Bank(5)(6)				145			136			117			75			78			89			95
TOTAL OTHER REAL ESTATE OWNED			$	529		$	594		$	590		$	570		$	587		$	568		$	555
OTHER REPOSSESSED ASSETS(7)			$	381		$	320		$	227		$	230		$	255		$	228		$	182

(1)

Cash-basis loans for the Insurance Subsidiaries and Investment Activities businesses for the first, second, third and fourth quarters of 2002 were $39, $89, $136 and $62 million, respectively, which are included in Other Assets on the Consolidated Statement of Financial Condition for 2003.

(2)

JENA includes Japan, Western Europe and North America.

(3)

Other International includes Asia (excluding Japan), Mexico, Latin America, Central and Eastern Europe, the Middle East and Africa.

(4)

Excluding Insurance Subsidiaries and Investment Activities.

(5)

Represents repossessed real estate, carried at lower of cost or fair value, less costs to sell.

(6)

Other Real Estate Owned for the Insurance Subsidiaries businesses for the first, second, third and fourth quarters of 2002 were $125, $123, $54 and $36 million, respectively, which is included in Other Assets on the Consolidated Statement of Financial Condition for 2003.

(7)

Primarily transportation equipment, carried at lower of cost or fair value, less costs to sell.

Reclassified to conform to the current period's presentation.

30

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CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT