BUSINESS SEGMENTS

6 Months Ended

Jun. 30, 2012

BUSINESS SEGMENTS

BUSINESS SEGMENTS

3.    BUSINESS SEGMENTS

        Citigroup is a diversified bank holding company whose businesses provide a broad range of financial services to Consumer and Corporate customers around the world. The Company's activities are conducted through the Global Consumer Banking (GCB), Institutional Clients Group (ICG), Citi Holdings and Corporate/Other business segments.

        The Global Consumer Banking segment includes a global, full-service Consumer franchise delivering a wide array of banking, credit card lending, and investment services through a network of local branches, offices and electronic delivery systems and is composed of four Regional Consumer Banking (RCB) businesses: North America, EMEA, Latin America and Asia.

        The Company's ICG segment is composed of Securities and Banking and Transaction Services and provides corporations, governments, institutions and investors in approximately 100 countries with a broad range of banking and financial products and services.

        The Citi Holdings segment is composed of Brokerage and Asset Management, Local Consumer Lending and Special Asset Pool.

Corporate/Other includes net treasury results, unallocated corporate expenses, offsets to certain line-item reclassifications (eliminations), the results of discontinued operations and unallocated taxes.

        The accounting policies of these reportable segments are the same as those disclosed in Note 1 to the Consolidated Financial Statements in the Company's 2011 Annual Report on Form 10-K.

        The prior-period balances reflect reclassifications to conform the presentation in those periods to the current period's presentation. In the current quarter, those reclassifications related to the transfer of the substantial majority of the Company's retail partner cards business (which Citi now refers to as "Citi retail services") from Citi Holdings—Local Consumer Lending to Citicorp—North America Regional Consumer Banking. Additionally, certain consolidated expenses were re-allocated to the respective businesses receiving the services.

        The following table presents certain information regarding the Company's continuing operations by segment:

	Revenues, net of interest expense(1)					Provision (benefit) for income taxes						Income (loss) from continuing operations(1)(2)						Identifiable assets
	Three Months Ended June 30,
In millions of dollars, except identifiable assets in billions																		June 30, 2012		December 31, 2011
	2012			2011		2012			2011			2012			2011
Global Consumer Banking	$	9,771		$	9,793	$	1,022		$	881		$	1,990		$	2,019		$	387	$	385
Institutional Clients Group		8,212			8,159		747			703			2,343			2,058			1,049		980
Subtotal Citicorp	$	17,983		$	17,952	$	1,769		$	1,584		$	4,333		$	4,077		$	1,436	$	1,365
Corporate/Other		(265	)		263		(435	)		(216	)		(427	)		(134	)		289		284
Total Citicorp and Corporate/Other	$	17,718		$	18,215	$	1,334		$	1,368		$	3,906		$	3,943		$	1,725	$	1,649
Citi Holdings		924			2,407		(619	)		(401	)		(919	)		(611	)		191		225
Total	$	18,642		$	20,622	$	715		$	967		$	2,987		$	3,332		$	1,916	$	1,874

	Revenues, net of interest expense(1)				Provision (benefit) for income taxes						Income (loss) from continuing operations(1)(2)
	Six Months Ended June 30,
In millions of dollars	2012		2011		2012			2011			2012			2011
Global Consumer Banking	$	19,785	$	19,347	$	2,037		$	1,746		$	4,178		$	3,939
Institutional Clients Group		16,230		16,743		1,371			1,775			4,553			4,605
Subtotal Citicorp	$	36,015	$	36,090	$	3,408		$	3,521		$	8,731		$	8,544
Corporate/Other		235		202		(418	)		(446	)		(739	)		(613	)
Total Citicorp and Corporate/Other	$	36,250	$	36,292	$	2,990		$	3,075		$	7,992		$	7,391
Citi Holdings		1,798		4,056		(1,269	)		(923	)		(1,943	)		(1,568	)
Total	$	38,048	$	40,348	$	1,721		$	2,152		$	6,049		$	6,363

(1)

Includes Citicorp total revenues, net of interest expense, in North America of $7.7 billion and $7.7 billion; in EMEA of $2.9 billion and $3.0 billion; in Latin America of $3.5 billion and $3.5 billion; and in Asia of $3.8 billion and $3.8 billion for the three months ended June 30, 2012 and 2011, respectively. Includes Citicorp total revenues, net of interest expense, in North America of $14.9 billion and $15.6 billion; in EMEA of $6.1 billion and $6.3 billion; in Latin America of $7.2 billion and $6.8 billion; and in Asia of $7.8 billion and $7.4 billion for the six months ended June 30, 2012 and 2011, respectively. Regional numbers exclude Citi Holdings and Corporate/Other, which largely operate within the U.S.

(2)

Includes pretax provisions (credits) for credit losses and for benefits and claims in the GCB results of $1.4 billion and $1.5 billion; in the ICG results of $135 million and $86 million; and in the Citi Holdings results of $1.2 billion and $1.8 billion for the three months ended June 30, 2012 and 2011, respectively. Includes pretax provisions (credits) for credit losses and for benefits and claims in the GCB results of $3.0 billion and $3.2 billion; in the ICG results of $224 million and $(94) million; and in the Citi Holdings results of $2.6 billion and $3.5 billion for the six months ended June 30, 2012 and 2011, respectively.