8-K

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

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

Date of Report (Date of earliest event reported)  December 16, 2005

Citigroup Inc.

(Exact name of Registrant as specified in its charter)

Delaware	1-9924	52-1568099
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
399 Park Avenue, New York, New York		10043
(Address of principal executive offices)		(Zip Code)

(212) 559-1000

(Registrant’s telephone number,
including area code)

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

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

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

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

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

CITIGROUP INC.

Current Report on Form 8-K

Item 7.01  Regulation FD Disclosure.

On December 16, 2005, Citigroup Inc. held an investor presentation titled “Investor/Analyst Day”.

Exhibit 99.1 is a copy of the presentation materials used in connection with the investor presentation This information is being furnished pursuant to Item 7.01 of this Current Report on Form 8-K, and the information contained in Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under Section 18.  Furthermore, the information contained in Exhibit 99.1 shall not be deemed to be incorporated by reference into the filings of Citigroup Inc. under the Securities Act of 1933, as amended.

Item 9.01  Financial Statements and Exhibits.

(c)  Exhibits.

Exhibit Number
99.1	Presentation materials for the investor presentation by Citigroup Inc.

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SIGNATURE

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

		CITIGROUP INC.
Dated: December 16, 2005
	By:	/s/ JOHN C. GERSPACH
		Name: John C. Gerspach
		Title: Controller and Chief Accounting Officer

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EXHIBIT INDEX

Exhibit Number
99.1	Presentation materials for the investor presentation by Citigroup Inc

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EX-99.1

Exhibit 99.1

Searchable text section of graphics shown above

[LOGO]

Investor / Analyst Day

Charles Prince
Chief Executive Officer

December 16, 2005

2005 Review

Strategic	•  Sold Life Insurance & Annuities
	•  Asset Management / Legg Mason transaction
	•  Restructured U.S. Consumer
	•  Expanded distribution
	•  Enhanced product capability
Management	•  Elevated new generation of senior managers
Capital	•  Repurchased $8.4B of stock
Legal/Regulatory	•  Resolved several pending matters
Internal Infrastructure	•  Changed performance evaluation and reward structure
	•  Enhanced internal controls

[LOGO]

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Who We Are

4Simple Objectives

Provide financial products and services that:

•Improve the lives of our customers

•Help businesses strengthen and grow

•Support community development

•Achieve strong growth and returns for our shareholders

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Most Global Presence

[GRAPHIC]

4

Broadest Distribution

[GRAPHIC]

5

Most Valuable Brand

[LOGO]	•Ranked #1 brand in Financial Services
	•12th Overall

Source: 2005 Interbrand top 100 brand study.

6

Unmatched Scale and Efficiency

Highest Revenues and Net Income

Industry Leading Margins

Largest Capital Base

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Product Breadth

Serving a Full Customer Spectrum

[LOGO]		[GRAPHIC]	[LOGO]
	Broadest Distribution	Convenience and Access Customized Solutions	Best-in-Class Products/Open Architecture

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Competitive Advantages

Most Global Presence

Broadest Distribution

Most Valuable Brand

Unmatched Scale and Efficiency

Product Breadth

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The Opportunity Ahead

Global GDP 2004: $41 Tr

[CHART]

Source: Global Insight.

Citigroup 2004 Net Income (1)^,(2)

[CHART]

(1)Net income from Continuing Operations excluding Corporate/Other and Alternative Investments.

(2)Excludes $4.95B after-tax charge for WorldCom settlement / increased litigation reserves recorded in North America, and $756MM after-tax gain on sale of Samba Financial Group recorded 100% in EMEA.

(3)Includes Canada.

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The Opportunity Ahead

International Markets

Revenue Market Size

[CHART]

	2004
	Market Share
Citigroup	2.2	%
Wealth Mgmt.	0.9	%
Corporate	2.2	%
Consumer	2.5	%

Regional Market Share

[CHART]

	2004
	Market Share
EMEA	1.5	%
Asia	2.8	%
Japan	2.2	%
LatAm	3.1	%
Mexico	24.6	%

Large Market Size, Low Market Share

Source: Citigroup Estimates.

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U.S. Market

Consumer

Revenue Market Size ($B)

[CHART]

	2004
	Market Share
Consumer Finance	7.8	%
Cards	17.2	%
Retail Bank	2.0	%

Corporate & Investment Banking

•Continued expansion of product capability

•Target market expansion

Wealth Management

•Favorable demographics

•Client desire for account consolidation

Leveraging Product Strength to Deepen Client Relationships

Source: Citigroup Estimates.

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Five Strategic Initiatives

1 - Expanding International Distribution

New Retail Bank Branches

[CHART]

New Consumer Finance Distribution

[CHART]

Corporate and Investment Banking

•Expanding Equities platform

•Expanding coverage of local and regional companies

•Infrastructure projects

Wealth Management

•Adding Private Bank on-shore offices and bankers

•U.K., Brazil, India, China

•Expanding Citigroup Wealth Advisors

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2 - Expanding U.S. Distribution

[CHART]

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New Retail Bank Branches

[CHART]

New Consumer Finance Branches

[CHART]

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Corporate and Investment Banking

•National Corporate Bank
National Investment Bank

•Target over 300 new middle market corporate clients

•Expanding electronic distribution

•GTS distribution expansion

•Reaching new customers through correspondent banks:

•CitiDirect

•WorldLink

Wealth Management

•Private Bank

•Expanding team of private bankers

•Smith Barney

•Investing in training and technology

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3 - Transferring Expertise

Leveraging Skills across Businesses and Countries
Products /	Operations &	Decision	Credit / Risk
Marketing	Technology	Management	Management

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4 - Investing in Technology and People

Improved Customer Experience

Consolidation

Standardization

Training and Development

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5 - Allocating Capital

•Rigorous capital allocation process

•Capital uses:

•Organic growth

•Acquisitions

•Dividends

•Buybacks

•Maximizing long-term shareholder returns

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What You Should Expect From Citigroup

•Execute on strategic initiatives

•Sustained investment spending

•Targeted acquisitions

•Continued expense discipline

[GRAPHIC]

•Strong returns on capital

•Near-term continued share buybacks

•Long-term revenue and earnings growth

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Summary

•Mix shift - increasing international

•Sustained effort to organically build out distribution

•Continue to invest in product capability

•Breaking down silos and driving a more integrated approach to customer relationships, products and technology

•Allocating capital to maximize returns for shareholders

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Certain statements in this document are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act.  These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances.  Actual results may differ materially from those included in these statements due to a variety of factors.  More information about these factors is contained in Citigroup’s filings with the Securities and Exchange Commission.