8-K

UNITED STATES
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) July 16, 2015

Citigroup Inc.

(Exact name of registrant as specified in its charter)

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

399 Park Avenue, New York,
New York
(Address of principal executive offices) 10022
(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 2.02  Results of Operations and Financial Condition.

On July 16, 2015, Citigroup Inc. announced its results for the quarter ended June 30, 2015.  A copy of the related press release, filed as Exhibit 99.1 to this Form 8-K, is incorporated herein by reference in its entirety and shall be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the Act).

In addition, a copy of the Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended June 30, 2015 is being furnished as Exhibit 99.2 to this Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Act or otherwise subject to the liabilities of that section.

Item 9.01  Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit Number
99.1	Press Release, dated July 16, 2015, issued by Citigroup Inc.
99.2	Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended June 30, 2015.

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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: July 16, 2015
	By:	/s/ JEFFREY R. WALSH
		Jeffrey R. Walsh
		Controller and Chief Accounting Officer

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EXHIBIT INDEX

Exhibit Number
99.1	Press Release, dated July 16, 2015, issued by Citigroup Inc.
99.2	Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended June 30, 2015.

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EX-99.1

Exhibit 99.1

For Immediate Release

Citigroup Inc. (NYSE: C)

July 16, 2015

CITIGROUP REPORTS SECOND QUARTER 2015 EARNINGS PER SHARE OF $1.51;
$1.45 EXCLUDING CVA/DVA(1)

NET INCOME OF $4.8 BILLION; $4.7 BILLION EXCLUDING CVA/DVA

REVENUES OF $19.5 BILLION; $19.2 BILLION EXCLUDING CVA/DVA

NET INTEREST MARGIN OF 2.95%

YEAR-TO-DATE CITICORP EFFICIENCY RATIO OF 55%

YEAR-TO-DATE RETURN ON AVERAGE ASSETS OF 1.03% EXCLUDING CVA/DVA

YEAR-TO-DATE RETURN ON TANGIBLE COMMON EQUITY OF 10.5% EXCLUDING CVA/DVA

YEAR-TO-DATE UTILIZED APPROXIMATELY $1.5 BILLION OF DEFERRED TAX ASSETS

RETURNED $1.7 BILLION OF CAPITAL TO SHAREHOLDERS;
 REPURCHASED 28 MILLION COMMON SHARES

COMMON EQUITY TIER 1 CAPITAL RATIO OF 11.4%(2)
SUPPLEMENTARY LEVERAGE RATIO OF 6.7%(3)

BOOK VALUE PER SHARE OF $68.27
TANGIBLE BOOK VALUE PER SHARE OF $59.18(4)

CITI HOLDINGS ASSETS OF $116 BILLION DECLINED 22% FROM PRIOR YEAR PERIOD
AND REPRESENTED 6% OF TOTAL CITIGROUP ASSETS AT QUARTER END

New York, July 16, 2015 — Citigroup Inc. today reported net income for the second quarter 2015 of $4.8 billion, or $1.51 per diluted share, on revenues of $19.5 billion. This compared to net income of $181 million, or $0.03 per diluted share, on revenues of $19.4 billion for the second quarter 2014.

CVA/DVA was $312 million ($196 million after-tax) in the second quarter 2015, compared to negative $33 million (negative $20 million after-tax) in the prior year period. Second quarter 2014 results also included the impact of a $3.8 billion charge ($3.7 billion after-tax) to settle legacy RMBS and CDO-related claims.(5) Excluding CVA/DVA, revenues were $19.2 billion, down 2% from the prior year period. Excluding CVA/DVA and the impact of the mortgage settlement in the prior year period, earnings were $1.45 per diluted share, up 17% from prior year earnings of $1.24 per diluted share.

Michael Corbat, Chief Executive Officer of Citigroup, said, “Our results for the quarter show very balanced performance across our business lines.  We grew loans and deposits in constant dollars in Global Consumer Banking while also gaining wallet share among target clients in our Institutional Clients Group.  Citi Holdings remained profitable and we again reduced its assets, having completed the sales of additional consumer businesses. As we increased our capital return, we still continued to grow our regulatory capital, raising our Common Equity Tier 1 Capital ratio to 11.4%. Through active expense and balance sheet discipline, we are on track to reach our financial targets for the year.”

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Citigroup ($ in millions, except per share amounts)	2Q’15			1Q’15			2Q’14			QoQ%		YoY%
Citicorp	17,797			17,902			17,435			-1	%	2	%
Citi Holdings	1,673			1,834			1,990			-9	%	-16	%
Total Revenues	$	19,470		$	19,736		$	19,425		-1	%	—
Adjusted Revenues(a)	$	19,158		$	19,809		$	19,458		-3	%	-2	%
Expenses	$	10,928		$	10,884		$	15,521		—		-30	%
Adjusted Expenses(a)	$	10,928		$	10,884		$	11,772		—		-7	%
Net Credit Losses	1,920			1,957			2,189			-2	%	-12	%
Loan Loss Reserve Build/(Release)(b)	(453		)	(239		)	(641		)	-90	%	29	%
Provision for Benefits and Claims	181			197			182			-8	%	-1	%
Total Cost of Credit	$	1,648		$	1,915		$	1,730		-14	%	-5	%
Adjusted Cost of Credit(a)	$	1,648		$	1,915		$	1,675		-14	%	-2	%
Income (Loss) from Cont. Ops. Before Taxes	$	6,894		$	6,937		$	2,174		-1	%	NM
Provision for Income Taxes	2,036			2,120			1,921			-4	%	6	%
Income from Continuing Operations	$	4,858		$	4,817		$	253		1	%	NM
Net income (loss) from Disc. Ops.	6			(5		)	(22		)	NM		NM
Non-Controlling Interest	18			42			50			-57	%	-64	%
Citigroup Net Income	$	4,846		$	4,770		$	181		2	%	NM
Adjusted Net Income(a)	$	4,650		$	4,817		$	3,927		-3	%	18	%
Common Equity Tier 1 Capital Ratio(c)	11.4		%	11.1		%	10.6		%
Supplementary Leverage Ratio(d)	6.7		%	6.4		%	5.8		%
Return on Average Common Equity	9.1		%	9.4		%	0.2		%
Book Value per Share	$	68.27		$	66.79		$	66.64		2	%	2	%
Tangible Book Value per Share(e)	$	59.18		$	57.66		$	56.78		3	%	4	%

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Excludes, as applicable, CVA / DVA in all periods and the impact of the mortgage settlement in 2Q’14.  For additional information, please refer to Appendix B.

(b) Includes provision for unfunded lending commitments.

(c) For additional information, please refer to Appendix D and Footnote 2.

(d) For additional information, please refer to Footnote 3.

(e) For additional information, please refer to Appendix E and Footnote 4.

Citigroup

Citigroup revenues were $19.5 billion in the second quarter 2015, approximately unchanged from the prior year period. Excluding CVA/DVA, revenues of $19.2 billion decreased 2% from the prior year period, as Citicorp revenues were approximately unchanged and Citi Holdings revenues decreased 16%. Excluding CVA/DVA and the impact of foreign exchange translation(6), Citigroup revenues increased 3% from the prior year period, as 5% growth in Citicorp revenues was partially offset by the decrease in Citi Holdings revenues. Citi Holdings revenues declined due to continued wind-down of the portfolio as well as the impact of classifying OneMain Financial as held-for-sale at the end of the first quarter 2015. As a result of the held-for-sale accounting treatment, approximately $160 million of net credit losses were recorded as a reduction in revenue during the second quarter 2015.

Citigroup’s net income increased to $4.8 billion in the second quarter 2015 from $181 million in the prior year period. Excluding CVA/DVA in both periods and the impact of the mortgage settlement in the prior year period, net income of $4.7 billion increased 18%, primarily driven by lower operating expenses, lower net credit losses and a lower effective tax rate, partially offset by the lower revenues and a reduced net loan loss reserve release. Citigroup’s effective tax rate was 29% in the current quarter, a decrease from 33% in the prior year period (excluding CVA/DVA and the impact of the mortgage settlement).

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Citigroup’s operating expenses were $10.9 billion in the second quarter 2015, 30% lower than in the prior year period. Excluding the impact of the mortgage settlement in the prior year period, operating expenses fell 7%. In constant dollars, operating expenses fell 1%, mainly driven by lower legal and related expenses and repositioning costs. Operating expenses in the second quarter 2015 included legal and related expenses of $360 million, compared to $402 million in the prior year period, and $61 million of repositioning charges, compared to $397 million in the prior year period.

Citigroup’s cost of credit in the second quarter 2015 was $1.6 billion, a 5% decrease from the prior year period. Excluding the impact of the mortgage settlement, cost of credit decreased 2%, as a lower net loan loss reserve release was more than offset by lower net credit losses, including the impact of the previously-referenced recording of OneMain Financial’s net credit losses as a reduction in revenue.

Citigroup’s allowance for loan losses was $14.1 billion at quarter end, or 2.25% of total loans, compared to $17.9 billion, or 2.70% of total loans, at the end of the prior year period. Excluding the impact of the mortgage settlement, net loan loss reserve releases decreased 35% from the prior year period to $453 million. Citigroup asset quality continued to improve as total non-accrual assets fell 20% from the prior year period to $6.7 billion. Corporate non-accrual loans declined 5% to $1.2 billion, while consumer non-accrual loans declined 21% to $5.3 billion.

Citigroup’s loans were $632 billion as of quarter end, down 5% from the prior year period, and down 1% on a constant dollar basis. In constant dollars, 4% growth in Citicorp loans was more than offset by continued declines in Citi Holdings, driven primarily by reductions in the North America mortgage portfolio and the reclassification of loans to held-for-sale in connection with previously-announced agreements to sell OneMain Financial and Citi’s retail banking and credit card businesses in Japan.

Citigroup’s deposits were $908 billion as of quarter end, down 6% from the prior year period. In constant dollars, Citigroup’s deposits decreased 1%. In constant dollars, Citicorp deposits grew 3% driven by an 8% increase in Institutional Clients Group (ICG) deposits and a 3% increase in Global Consumer Banking (GCB) deposits, while Citi Holdings deposits declined 84%, driven by the previously disclosed reclassification of Japan retail banking deposits to other liabilities during the fourth quarter 2014, as well as the continued transfer of MSSB deposits to Morgan Stanley, which was completed as of the end of the second quarter 2015.

Citigroup’s book value per share was $68.27 and tangible book value per share was $59.18, each as of quarter end, representing 2% and 4% increases, respectively, compared to the prior year period. At quarter end, Citigroup’s Common Equity Tier 1 Capital ratio was 11.4%, up from 10.6% in the prior year period. Citigroup’s Supplementary Leverage Ratio for the second quarter 2015 was 6.7%, up from an estimated 5.8% in the prior year period. During the second quarter 2015, Citigroup repurchased approximately 28 million common shares and returned a total of $1.7 billion to common shareholders in the form of share repurchases and common stock dividends.

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Citicorp ($ in millions)	2Q’15			1Q’15			2Q’14			QoQ%		YoY%
Global Consumer Banking	8,549			8,662			8,944			-1	%	-4	%
Institutional Clients Group	8,878			9,028			8,402			-2	%	6	%
Corporate/Other	370			212			89			75	%	NM
Total Revenues	$	17,797		$	17,902		$	17,435		-1	%	2	%
Adjusted Revenues(a)	$	17,494		$	17,971		$	17,467		-3	%	—
Expenses	$	9,824		$	9,727		$	10,499		1	%	-6	%
Net Credit Losses	1,662			1,549			1,747			7	%	-5	%
Loan Loss Reserve Build/(Release)(b)	(282		)	(38		)	(426		)	NM		34	%
Provision for Benefits and Claims	21			28			26			-25	%	-19	%
Total Cost of Credit	$	1,401		$	1,539		$	1,347		-9	%	4	%
Net Income	$	4,683		$	4,624		$	3,673		1	%	27	%
Adjusted Net Income(a)	$	4,493		$	4,668		$	3,693		-4	%	22	%
Adjusted Revenues(a)
North America	7,964			8,224			7,971			-3	%	—
EMEA	2,667			3,111			2,722			-14	%	-2	%
Latin America	2,943			2,909			3,294			1	%	-11	%
Asia	3,550			3,515			3,391			1	%	5	%
Corporate/Other	370			212			89			75	%	NM
Adjusted Income from Continuing Ops.(a)
North America	1,955			2,108			2,188			-7	%	-11	%
EMEA	605			927			573			-35	%	6	%
Latin America	685			663			708			3	%	-3	%
Asia	1,030			1,035			680			—		51	%
Corporate/Other	230			(19		)	(384		)	NM		NM
EOP Assets ($B)	1,711			1,710			1,761			—		-3	%
EOP Loans ($B)	573			559			578			3	%	-1	%
EOP Deposits ($B)	900			888			913			1	%	-1	%

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Excludes, as applicable, CVA / DVA in all periods.  For additional information, please refer to Appendix B.

(b) Includes provision for unfunded lending commitments.

Citicorp

Citicorp revenues of $17.8 billion in the second quarter 2015 increased 2% from the prior year period. CVA/DVA, reported within ICG, was $303 million in the second quarter 2015 ($190 million after-tax), compared to negative $32 million (negative $20 million after-tax) in the prior year period. Excluding CVA/DVA, revenues of $17.5 billion were approximately unchanged from the prior year period, as ICG revenues increased 2% and GCB revenues decreased 4%. Corporate/Other revenues were $370 million, a $281 million increase from the prior year period primarily driven by gains on debt buybacks and real estate sales in the recent quarter, partially offset by hedging activities.

Citicorp net income was $4.7 billion, 27% higher than the prior year period. Excluding CVA/DVA, Citicorp’s net income of $4.5 billion increased 22% from the prior year period, primarily driven by lower operating expenses, lower net credit losses and a lower effective tax rate, partially offset by a lower net loan loss reserve release.

Citicorp operating expenses were $9.8 billion, a 6% decrease from the prior year period. Excluding the impact of foreign exchange translation, operating expenses decreased 1% as ongoing efficiency savings and lower legal and related expenses and repositioning costs were largely offset by higher regulatory and compliance costs. Operating expenses in the second quarter 2015 included legal and related expenses of $297 million, compared to

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$387 million in the prior year period, and $34 million of repositioning charges, compared to $354 million in the prior year period.

Citicorp cost of credit of $1.4 billion in the second quarter 2015 increased 4% from the prior year period. A 34% reduction in the net loan loss reserve release to $282 million was partially offset by a 5% decline in net credit losses to $1.7 billion. Citicorp’s consumer loans 90+ days delinquent decreased 21% from the prior year period to $2.1 billion, and the 90+ days delinquency ratio improved to 0.75% of loans.

Citicorp end of period loans decreased 1% from the prior year period to $573 billion. On a constant dollar basis, Citicorp end of period loans grew 4% versus the prior year period, with 6% growth in corporate loans to $290 billion and 1% growth in consumer loans to $284 billion.

Global Consumer Banking ($ in millions)	2Q’15			1Q’15			2Q’14			QoQ%		YoY%
North America	4,823			4,994			4,787			-3	%	1	%
Latin America	1,848			1,835			2,136			1	%	-13	%
Asia(a)	1,878			1,833			2,021			2	%	-7	%
Total Revenues	$	8,549		$	8,662		$	8,944		-1	%	-4	%
Expenses	$	4,618		$	4,552		$	5,120		1	%	-10	%
Net Credit Losses	1,579			1,551			1,738			2	%	-9	%
Loan Loss Reserve Build/(Release)(b)	(104		)	(114		)	(305		)	9	%	66	%
Provision for Benefits and Claims	21			28			26			-25	%	-19	%
Total Cost of Credit	$	1,496		$	1,465		$	1,459		2	%	3	%
Net Income	$	1,625		$	1,730		$	1,557		-6	%	4	%
Income from Continuing Operations
North America	1,067			1,140			1,074			-6	%	-1	%
Latin America	225			244			275			-8	%	-18	%
Asia(a)	338			341			214			-1	%	58	%
(in billions of dollars)
Avg. Cards Loans	132			135			138			-2	%	-4	%
Avg. Retail Banking Loans	150			148			153			1	%	-2	%
Avg. Deposits	302			302			308			—		-2	%
Investment Sales	27			27			26			2	%	2	%
Cards Purchase Sales	92			83			92			12	%	—

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) For reporting purposes, Asia GCB includes the results of operations in EMEA GCB for all periods presented.

(b) Includes provision for unfunded lending commitments.

Global Consumer Banking

GCB revenues of $8.5 billion decreased 4% from the prior year period, due to a 10% decline in international GCB revenues. On a constant dollar basis, revenues increased 1%, driven by growth in North America and Latin America GCB.

GCB net income rose 4% from the prior year period to $1.6 billion, as lower expenses were partially offset by lower revenues and higher credit costs. Operating expenses decreased 10% to $4.6 billion, and decreased 4% in constant dollars, reflecting ongoing efficiency savings and a decrease in repositioning expenses.

North America GCB revenues of $4.8 billion increased 1% compared to the prior year period, as higher revenues in retail banking were largely offset by lower revenues in Citi-branded cards. Retail banking revenues rose 11% from the prior year period to $1.3 billion, reflecting 7% growth in average loans, 7% growth in checking deposits, improved deposit spreads and increased mortgage origination revenues. Citi retail services revenues

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were unchanged at $1.6 billion, as spread improvements were offset by the continued impact of lower fuel prices and higher contractual partner payments. Citi-branded cards revenues of $1.9 billion decreased 5% versus the prior year period, as the continued impact of lower average loans was partially offset by the impact of 5% growth in purchase sales and an improvement in spreads.

North America GCB net income was $1.1 billion, down 1% versus the second quarter 2014, as the increase in revenues and lower operating expenses were more than offset by a higher cost of credit. Operating expenses declined 3% versus the prior year period to $2.3 billion, primarily driven by ongoing efficiency savings.

North America GCB credit quality continued to improve as net credit losses of $1.0 billion decreased 7% versus the prior year period. Net credit losses improved versus the prior year period in Citi-branded cards (down 12% to $503 million) and in Citi retail services (down 2% to $457 million). The net loan loss reserve release in the second quarter 2015 was $109 million, $287 million lower than in the prior year period, as credit continued to stabilize. Delinquency rates improved from the prior year period in both Citi-branded cards and Citi retail services.

International GCB revenues decreased 10% versus the second quarter 2014 to $3.7 billion. In constant dollars, revenues increased 1% versus the prior year period. Revenues in Latin America increased 3% to $1.8 billion, driven by volume-related growth in Mexico, partially offset by the impact of the sale of Citi’s consumer franchise in Honduras in the prior year period. Revenues in Asia were unchanged at $1.9 billion, as growth in retail banking and wealth management was offset by lower card revenues.

International GCB net income increased 16% from the prior year period to $557 million. In constant dollars, net income increased 25%, driven by the higher revenues, lower operating expenses and lower credit costs, partially offset by a higher effective tax rate. Operating expenses in the second quarter 2015 decreased 5% (decreased 15% on a reported basis) driven by lower repositioning expenses, partially offset by the impact of volume growth, higher regulatory and compliance costs and technology investments. Credit costs decreased 8% versus the prior year period (decreased 23% on a reported basis), as a 2% increase in net credit losses to $579 million was more than offset by a $65 million lower loan loss reserve build. In constant dollars the net credit loss rate was 1.83% of average loans in the second quarter 2015, compared to 1.95% in the prior year period.

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Institutional Clients Group ($ in millions)	2Q’15			1Q’15			2Q’14			QoQ%		YoY%
Treasury & Trade Solutions	1,955			1,889			1,980			3	%	-1	%
Investment Banking	1,283			1,198			1,339			7	%	-4	%
Private Bank	746			708			658			5	%	13	%
Corporate Lending(a)	445			445			456			—		-2	%
Total Banking	4,429			4,240			4,433			4	%	—
Fixed Income Markets	3,062			3,483			3,080			-12	%	-1	%
Equity Markets	653			873			659			-25	%	-1	%
Securities Services	557			543			521			3	%	7	%
Other	(60		)	(94		)	(215		)	36	%	72	%
Total Markets & Securities Services	4,212			4,805			4,045			-12	%	4	%
Product Revenues(b)	$	8,641		$	9,045		$	8,478		-4	%	2	%
Gain / (loss) on Loan Hedges	(66		)	52			(44		)	NM		-50	%
Total Revenues ex-CVA / DVA(c)	$	8,575		$	9,097		$	8,434		-6	%	2	%
CVA / DVA	303			(69		)	(32		)	NM		NM
Total Revenues	$	8,878		$	9,028		$	8,402		-2	%	6	%
Expenses	$	4,821		$	4,632		$	4,743		4	%	2	%
Net Credit Losses	83			(2		)	9			NM		NM
Credit Reserve Build/(Release)(d)	(178		)	76			(121		)	NM		-47	%
Total Cost of Credit	$	(95	)	$	74		$	(112	)	NM		15	%
Net Income	$	2,820		$	2,928		$	2,547		-4	%	11	%
Adjusted Net Income(c)	$	2,630		$	2,972		$	2,567		-12	%	2	%
Adjusted Revenues(c)
North America	3,141			3,230			3,184			-3	%	-1	%
EMEA	2,413			2,869			2,415			-16	%	—
Latin America	1,095			1,074			1,158			2	%	-5	%
Asia	1,926			1,924			1,677			—		15	%
Adjusted Income from Continuing Ops.(c)
North America	888			968			1,114			-8	%	-20	%
EMEA	602			925			561			-35	%	7	%
Latin America	460			419			433			10	%	6	%
Asia	695			696			478			—		45	%

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Excludes gain / (loss) on loan hedges.  For additional information, please refer to Footnote 7.

(b) Excludes CVA / DVA and gain / (loss) on loan hedges.

(c) Excludes, as applicable, CVA / DVA in all periods.  For additional information, please refer to Appendix B.

(d) Includes provision for unfunded lending commitments.

Institutional Clients Group

ICG revenues increased 6% from the prior year period to $8.9 billion. Excluding the impact of CVA/DVA, revenues of $8.6 billion increased 2% from the prior year period, driven by 4% growth in Markets and Securities Services revenues.

Banking revenues of $4.4 billion were largely unchanged from the prior year period (excluding gain / (loss) on loan hedges in each period). Treasury and Trade Solutions (TTS) revenues of $2.0 billion decreased 1% versus the prior year period. On a constant dollar basis, TTS revenues grew 5%, as continued growth in deposit balances and spreads was partially offset by lower trade revenues. Investment Banking revenues of $1.3 billion decreased 4% versus the prior year period, as a 34% increase in advisory revenues to $258 million partially offset a 3% decrease in debt underwriting revenues to $729 million and a 25% decrease in equity underwriting revenues to $296 million. Private Bank revenues increased 13% from the prior year period to $746 million, driven by

7

increased loan and deposit balances and growth in investments and capital markets products. Corporate Lending revenues declined 2% versus the prior year period to $445 million (excluding gain / (loss) on loan hedges in each period), as growth in average loans was more than offset by the impact of lower spreads and the impact of foreign exchange translation.

Markets and Securities Services revenues of $4.2 billion (excluding $303 million of CVA/DVA, versus negative $31 million in the prior year period) grew 4% from the prior year period. Fixed Income Markets revenues of $3.1 billion in the second quarter 2015 (excluding $283 million of CVA/DVA, compared to negative $36 million in the prior year period) decreased 1% from the prior year period, as continued strength in rates and currencies was more than offset by lower revenues in spread products. Equity Markets revenues of $653 million (excluding $21 million of CVA/DVA, compared to $4 million in the prior year period) decreased 1% versus the prior year period. The second quarter 2015 included a charge of $175 million to revenue for valuation adjustments related to certain financing transactions. Excluding these adjustments, Equity Markets revenues would have increased by 26%, mostly reflecting improvement in derivatives. Securities Services revenues of $557 million grew 7% versus the prior year period, reflecting increased activity and higher client balances, partially offset by the impact of foreign exchange translation.

ICG net income of $2.8 billion in the second quarter 2015 increased 11% from the prior year period. Excluding CVA/DVA, net income of $2.6 billion increased 2% from the prior year period, as the higher revenues were partially offset by higher operating expenses. ICG operating expenses increased 2% to $4.8 billion driven by higher regulatory and compliance costs, partially offset by ongoing efficiency savings and the impact of foreign exchange translation. ICG cost of credit was negative $95 million, compared to negative $112 million in the prior year period.

ICG average loans grew 2% versus the prior year period to $284 billion while end of period deposits increased 3% to $588 billion. In constant dollars, average loans were up 5% versus the prior year period, while end of period deposits increased 8%.

8

Citi Holdings ($ in millions)	2Q’15			1Q’15			2Q’14			QoQ%		YoY%
Total Revenues	$	1,673		$	1,834		$	1,990		-9	%	-16	%
Adjusted Revenues(a)	$	1,664		$	1,838		$	1,991		-9	%	-16	%
Expenses	$	1,104		$	1,157		$	5,022		-5	%	-78	%
Adjusted Expenses(a)	$	1,104		$	1,157		$	1,273		-5	%	-13	%
Net Credit Losses	258			408			442			-37	%	-42	%
Loan Loss Reserve Build/(Release)(b)	(171		)	(201		)	(215		)	15	%	20	%
Provision for Benefits and Claims	160			169			156			-5	%	3	%
Total Cost of Credit	$	247		$	376		$	383		-34	%	-36	%
Adjusted Cost of Credit(a)	$	247		$	376		$	328		-34	%	-25	%
Net Income (Loss)	$	163		$	146		$	(3,492	)	12	%	NM
Adjusted Net Income(a)	$	157		$	149		$	234		5	%	-33	%
EOP Assets ($B)	116			122			148			-5	%	-22	%
EOP Loans ($B)	59			62			90			-5	%	-35	%
EOP Deposits ($B)	8			12			52			-35	%	-85	%

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Excludes, as applicable, CVA / DVA in all periods and the impact of the mortgage settlement in 2Q’14.  For additional information,please refer to Appendix B.

(b) Includes provision for unfunded lending commitments.

Citi Holdings

Citi Holdings revenues of $1.7 billion in the second quarter 2015 included CVA/DVA of $9 million, compared to negative $1 million in the prior year period. Citi Holdings revenues decreased 16% from the prior year period, driven by the overall wind-down of the portfolio and the impact of the previously-referenced recording of OneMain Financial net credit losses as a reduction in revenue. As of the end of the quarter, Citi Holdings assets were $116 billion, 22% below the prior year period, and represented approximately 6% of total Citigroup assets.

Citi Holdings net income was $163 million, compared to a loss of $3.5 billion in the prior year period. Excluding CVA/DVA in both periods and the impact of the mortgage settlement in the prior year period, Citi Holdings net income of $157 million declined by 33% from the prior year period, primarily reflecting the lower revenues, partially offset by lower operating expenses and a lower cost of credit. Citi Holdings operating expenses, excluding the impact of the mortgage settlement, declined 13% from the prior year period to $1.1 billion, primarily driven by the ongoing decline in Citi Holdings assets. Cost of credit decreased 36%, driven by the impact of the previously-referenced recording of OneMain Financial net credit losses as a reduction in revenue. Excluding the impact of the mortgage settlement, the net loan loss reserve release decreased 37% from the prior year period to $171 million, primarily due to lower reserve releases related to the North America mortgage portfolio.

Citi Holdings allowance for credit losses was $3.4 billion at the end of the second quarter 2015, or 5.80% of loans, compared to $5.8 billion, or 6.40% of loans, in the prior year period. 90+ days delinquent consumer loans in Citi Holdings decreased 43% to $1.5 billion, or 2.76% of loans.

9

Citicorp Results by Region(a)	Revenues						Income from Continuing Ops.
($ in millions)	2Q’15		1Q’15		2Q’14		2Q’15		1Q’15			2Q’14
North America
Global Consumer Banking	4,823		4,994		4,787		1,067		1,140			1,074
Institutional Clients Group	3,141		3,230		3,184		888		968			1,114
Total North America	$	7,964	$	8,224	$	7,971	$	1,955	$	2,108		$	2,188
EMEA
Global Consumer Banking	254		242		307		3		2			12
Institutional Clients Group	2,413		2,869		2,415		602		925			561
Total EMEA	$	2,667	$	3,111	$	2,722	$	605	$	927		$	573
Latin America
Global Consumer Banking	1,848		1,835		2,136		225		244			275
Institutional Clients Group	1,095		1,074		1,158		460		419			433
Total Latin America	$	2,943	$	2,909	$	3,294	$	685	$	663		$	708
Asia
Global Consumer Banking	1,624		1,591		1,714		335		339			202
Institutional Clients Group	1,926		1,924		1,677		695		696			478
Total Asia	$	3,550	$	3,515	$	3,391	$	1,030	$	1,035		$	680
Corporate/Other	$	370	$	212	$	89	$	230	$	(19	)	$	(384	)
Citicorp	$	17,494	$	17,971	$	17,467	$	4,505	$	4,714		$	3,765

Note: Totals may not sum due to rounding.  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Excludes, as applicable, CVA / DVA in all periods.  For additional information, please refer to Appendix B.

Citigroup will host a conference call today at 11:00 AM (ET). A live webcast of the presentation, as well as financial results and presentation materials, will be available at http://www.citigroup.com/citi/investor. Dial-in numbers for the conference call are as follows: (866) 516-9582 in the U.S. and Canada; (973) 409-9210 outside of the U.S. and Canada. The conference code for both numbers is 57649611.

Citigroup, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citigroup provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Additional financial, statistical, and business-related information, as well as business and segment trends, is included in a Quarterly Financial Data Supplement. Both this earnings release and Citigroup’s Second Quarter 2015 Quarterly Financial Data Supplement are available on Citigroup’s website at www.citigroup.com.

Certain statements in this release are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors, including the precautionary statements included in this release and those contained in Citigroup’s filings with the U.S. Securities and Exchange Commission, including without limitation the “Risk Factors” section of Citigroup’s 2014 Annual Report on Form 10-K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citigroup does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Contacts:

Press:	Mark Costiglio	(212) 559-4114	Investors:	Susan Kendall	(212) 559-2718
	Kamran Mumtaz	(212) 793-7682	Fixed Income Investors:	Peter Kapp	(212) 559-5091

10

Appendix A: CVA / DVA

CVA / DVA
($ in millions)	2Q’15			1Q’15			2Q’14
Institutional Clients Group
Counterparty CVA(1)	$	(29	)	$	(140	)	$	62
Asset FVA	92			(38		)	—
Own-Credit CVA(1)	20			(34		)	(50		)
Liability FVA	(12		)	56			—
Derivatives CVA(1)	$	71		$	(156	)	$	12
DVA on Citi Liabilities at Fair Value	232			87			(44		)
Total Institutional Clients Group CVA / DVA	$	303		$	(69	)	$	(32	)
Citi Holdings
Counterparty CVA(1)	9			1			1
Asset FVA	2			(4		)	—
Own-Credit CVA(1)	0			(2		)	(2		)
Liability FVA	(0		)	1			—
Derivatives CVA(1)	$	10		$	(4	)	$	(1	)
DVA on Citi Liabilities at Fair Value	(1		)	0			0
Total Citi Holdings CVA / DVA	$	9		$	(4	)	$	(1	)
Total Citigroup CVA / DVA	$	312		$	(73	)	$	(33	)

Note:  Totals may not sum due to rounding.

(1)  Net of hedges.

11

Appendix B: Non-GAAP Financial Measures - Adjusted Items

Citigroup ($ in millions, except per share amounts)	2Q’15			1Q’15			2Q’14
Reported Revenues (GAAP)	$	19,470		$	19,736		$	19,425
Impact of:
CVA / DVA	312			(73		)	(33		)
Adjusted Revenues	$	19,158		$	19,809		$	19,458
Impact of:
FX Translation	—			(54		)	(895		)
Adjusted Revenues in Constant Dollars	$	19,158		$	19,755		$	18,563
Reported Expenses (GAAP)	$	10,928		$	10,884		$	15,521
Impact of:
Mortgage Settlement	—			—			(3,749		)
Adjusted Expenses	$	10,928		$	10,884		$	11,772
Impact of:
FX Translation	—			(5		)	(681		)
Adjusted Expenses in Constant Dollars	$	10,928		$	10,879		$	11,091
Reported Cost of Credit (GAAP)	$	1,648		$	1,915		$	1,730
Impact of:
Mortgage Settlement	—			—			(55		)
Adjusted Cost of Credit	$	1,648		$	1,915		$	1,675
Reported Net Income (GAAP)	$	4,846		$	4,770		$	181
Impact of:
CVA / DVA	196			(47		)	(20		)
Mortgage Settlement	—			—			(3,726		)
Adjusted Net Income	$	4,650		$	4,817		$	3,927
Preferred Dividends	202			128			100
Adjusted Net Income to Common	$	4,448		$	4,689		$	3,827
Reported EPS (GAAP)	$	1.51		$	1.51		$	0.03
Impact of:
CVA / DVA	0.06			(0.02		)	(0.01		)
Mortgage Settlement	—			—			(1.21		)
Adjusted EPS	$	1.45		$	1.52		$	1.24
Average Assets ($B)	$	1,840		$	1,853		$	1,903
Adjusted ROA	1.01		%	1.05		%	0.83		%

Note:  Totals may not sum due to rounding.

12

Appendix B: Non-GAAP Financial Measures - Adjusted Items (Cont.)

Citicorp
($ in millions)	2Q’15		1Q’15			2Q’14
Reported Revenues (GAAP)	$	17,797	$	17,902		$	17,435
Impact of:
CVA / DVA	303		(69		)	(32		)
Adjusted Revenues	$	17,494	$	17,971		$	17,467
Impact of:
FX Translation	—		(56		)	(827		)
Adjusted Revenues in Constant Dollars	$	17,494	$	17,915		$	16,640
Reported Expenses (GAAP)	$	9,824	$	9,727		$	10,499
Impact of:
FX Translation	—		(6		)	(609		)
Expenses in Constant Dollars	$	9,824	$	9,721		$	9,890
Reported Net Income (GAAP)	$	4,683	$	4,624		$	3,673
Impact of:
CVA / DVA	190		(44		)	(20		)
Adjusted Net Income	$	4,493	$	4,668		$	3,693

Institutional Clients Group
($ in millions)	2Q’15		1Q’15			2Q’14
Reported Revenues (GAAP)	$	8,878	$	9,028		$	8,402
Impact of:
CVA / DVA	303		(69		)	(32		)
Adjusted Revenues	$	8,575	$	9,097		$	8,434
Reported Net Income (GAAP)	$	2,820	$	2,928		$	2,547
Impact of:
CVA / DVA	190		(44		)	(20		)
Adjusted Net Income	$	2,630	$	2,972		$	2,567

Citi Holdings
($ in millions)	2Q’15		1Q’15			2Q’14
Reported Revenues (GAAP)	$	1,673	$	1,834		$	1,990
Impact of:
CVA / DVA	9		(4		)	(1		)
Adjusted Revenues	$	1,664	$	1,838		$	1,991
Reported Expenses (GAAP)	$	1,104	$	1,157		$	5,022
Impact of:
Mortgage Settlement	—		—			(3,749		)
Adjusted Expenses	$	1,104	$	1,157		$	1,273
Reported Cost of Credit (GAAP)	$	247	$	376		$	383
Impact of:
Mortgage Settlement	—		—			(55		)
Adjusted Cost of Credit	$	247	$	376		$	328
Reported Net Income (GAAP)	$	163	$	146		$	(3,492	)
Impact of:
CVA / DVA	6		(3		)	—
Mortgage Settlement	—		—			(3,726		)
Adjusted Net Income	$	157	$	149		$	234

13

Appendix C: Non-GAAP Financial Measures - Excluding Impact of FX Translation

Citigroup
($ in Billions)	2Q’15		1Q’15		2Q’14
Reported EOP Loans	$	632	$	621	$	668
Impact of FX Translation	—		0		(27		)
EOP Loans in Constant Dollars	$	632	$	621	$	641
Reported EOP Deposits	$	908	$	900	$	966
Impact of FX Translation	—		2		(45		)
EOP Deposits in Constant Dollars	$	908	$	902	$	921

Citicorp
($ in Billions)	2Q’15		1Q’15		2Q’14
Reported EOP Loans	$	573	$	559	$	578
Impact of FX Translation	—		0		(25		)
EOP Loans in Constant Dollars	$	573	$	559	$	553
Reported EOP Deposits	$	900	$	888	$	913
Impact of FX Translation	—		2		(41		)
EOP Deposits in Constant Dollars	$	900	$	890	$	872

Institutional Clients Group
($ in Billions)	2Q’15		1Q’15			2Q’14
Reported Average Loans	$	284	$	276		$	279
Impact of FX Translation	—		(2		)	(9		)
Average Loans in Constant Dollars	$	284	$	274		$	270
Reported EOP Deposits	$	588	$	571		$	572
Impact of FX Translation	—		3			(28		)
EOP Deposits in Constant Dollars	$	588	$	574		$	544

14

Appendix C: Non-GAAP Financial Measures - Excluding Impact of FX Translation (Cont.)

Int’l Consumer Banking
($ in millions)	2Q’15		1Q’15			2Q’14
Reported Revenues	$	3,726	$	3,668		$	4,157
Impact of FX Translation	—		(43		)	(485		)
Revenues in Constant Dollars	$	3,726	$	3,625		$	3,672
Reported Expenses	$	2,351	$	2,260		$	2,771
Impact of FX Translation	—		(20		)	(296		)
Expenses in Constant Dollars	$	2,351	$	2,240		$	2,475
Reported Credit Costs	$	596	$	593		$	772
Impact of FX Translation	—		(12		)	(124		)
Credit Costs in Constant Dollars	$	596	$	581		$	648
Reported Net Income	$	557	$	590		$	482
Impact of FX Translation	—		(7		)	(36		)
Net Income in Constant Dollars	$	557	$	583		$	446

Latin America Consumer Banking
($ in millions)	2Q’15		1Q’15			2Q’14
Reported Revenues	$	1,848	$	1,835		$	2,136
Impact of FX Translation	—		(48		)	(341		)
Revenues in Constant Dollars	$	1,848	$	1,787		$	1,795
Reported Expenses	$	1,162	$	1,080		$	1,254
Impact of FX Translation	—		(24		)	(180		)
Expenses in Constant Dollars	$	1,162	$	1,056		$	1,074

Asia Consumer Banking(1)
($ in millions)	2Q’15		1Q’15		2Q’14
Reported Revenues	$	1,878	$	1,833	$	2,021
Impact of FX Translation	—		5		(144		)
Revenues in Constant Dollars	$	1,878	$	1,838	$	1,877
Reported Expenses	$	1,189	$	1,180	$	1,517
Impact of FX Translation	—		4		(116		)
Expenses in Constant Dollars	$	1,189	$	1,184	$	1,401

(1)  For reporting purposes, Asia GCB includes the results of operations in EMEA GCB for all periods presented.

Treasury and Trade Solutions
($ in millions)	2Q’15		1Q’15		2Q’14
Reported Revenues	$	1,955	$	1,889	$	1,980
Impact of FX Translation	—		1		(115		)
Revenues in Constant Dollars	$	1,955	$	1,890	$	1,865

15

Appendix D: Non-GAAP Financial Measures - Common Equity Tier 1 Capital Ratio and Components(1),(2)

($ in millions)	6/30/2015(3)			3/31/2015			6/30/2014
Citigroup Common Stockholders’ Equity(4)	$	205,610		$	202,782		$	202,165
Add: Qualifying noncontrolling interests	146			146			183
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(5)	(731		)	(823		)	(1,007		)
Cumulative unrealized net gain related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(6)	474			332			116
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(7)	22,312			22,448			24,465
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,153			4,184			4,506
Defined benefit pension plan net assets	815			897			1,066
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	23,760			23,190			25,139
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(8)	9,538			10,755			12,725
Common Equity Tier 1 Capital (CET1)	$	145,435		$	141,945		$	135,338
Risk-Weighted Assets (RWA)	$	1,279,405		$	1,283,758		$	1,280,845
Common Equity Tier 1 Capital Ratio (CET1 / RWA)	11.4		%	11.1		%	10.6		%

(1)  Citi’s Common Equity Tier 1 Capital ratio and related components reflect full implementation of the U.S. Basel III rules.  Risk-weighted assets are based on the Basel III Advanced Approaches for determining total risk-weighted assets.

(2)  Certain reclassifications have been made to the prior periods’ presentation to conform to the current period’s presentation.

(3)  Preliminary.

(4)  Excludes issuance costs related to preferred stock outstanding in accordance with Federal Reserve Board regulatory reporting requirements.

(5)  Citi’s Common Equity Tier 1 Capital is adjusted for accumulated net unrealized gains (losses) on cash flow hedges included in accumulated other comprehensive income that relate to the hedging of items not recognized at fair value on the balance sheet.

(6)  The cumulative impact of changes in Citigroup’s own creditworthiness in valuing liabilities for which the fair value option has been elected and own credit valuation adjustments on derivatives are excluded from Common Equity Tier 1 Capital.

(7)  Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(8)  Aside from MSRs, reflects other DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions.  At June 30, 2015 and March 31, 2015, the deduction related only to DTAs arising from temporary differences.

Appendix E: Non-GAAP Financial Measures - Tangible Book Value Per Share

($ in millions, except per share amount)	6/30/2015(1)
Total Citigroup Stockholders’ Equity	$	219,440
Less: Preferred Stock	13,968
Common Equity	$	205,472
Less:
Goodwill	23,012
Intangible Assets (other than MSRs)	4,071
Goodwill and Intangible Assets (other than MSRs) related to Assets Held-for-Sale	274
Tangible Common Equity (TCE)	$	178,115
Common Shares Outstanding (CSO)	3,010
Tangible Book Value Per Share (TCE / CSO)	$	59.18

(1)  Preliminary.

16

(1) Credit valuation adjustments (CVA) on derivatives (counterparty and own-credit), net of hedges; funding valuation adjustments (FVA) on derivatives; and debt valuation adjustments (DVA) on Citigroup’s fair value option liabilities (collectively referred to as CVA/DVA). See Appendix A. Citigroup’s results of operations excluding the impact of CVA/DVA are non-GAAP financial measures. For a reconciliation of these measures to reported results, see Appendix B.

(2) Preliminary. Citigroup’s Common Equity Tier 1 Capital ratio under the U.S. Basel III rules, on a fully-implemented basis, is a non-GAAP financial measure. Citigroup’s Common Equity Tier 1 Capital ratio and related components are subject to, among other things, ongoing regulatory supervision, including review and approval of Citi’s credit, market and operational risk models, additional refinements, modifications or enhancements (whether required or otherwise) to these models and any further implementation guidance in the U.S. For the composition of Citigroup’s Common Equity Tier 1 Capital and ratio, see Appendix D.

(3) Preliminary. Citigroup’s Supplementary Leverage Ratio (SLR) under the U.S. Basel III rules, on a fully-implemented basis, is a non-GAAP financial measure. Citigroup’s SLR represents the ratio of Tier 1 Capital to Total Leverage Exposure (TLE). TLE is the sum of the daily average of on-balance sheet assets for the quarter and the average of certain off-balance sheet exposures calculated as of the last day of each month in the quarter, less applicable Tier 1 Capital deductions. Citigroup’s SLR and related components are subject to, among other things, ongoing regulatory supervision and any further implementation guidance in the U.S.

(4) Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see Appendix E.

(5) Second quarter 2014 results included a $3.8 billion charge ($3.7 billion after-tax) to settle claims related to legacy residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) issued, structured or underwritten by Citigroup between 2003 and 2008. This charge consisted of $3.7 billion in legal expenses and a $55 million loan loss reserve build, recorded in Citi Holdings.  For additional information, please see Citigroup’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 14, 2014.  Citigroup’s results of operations, excluding this item, are non-GAAP financial measures.  For a reconciliation of these measures to reported results, see Appendix B.

(6) Results of operations excluding the impact of foreign exchange translation (constant dollar basis) are non-GAAP financial measures. For a reconciliation of these measures to reported results, see Appendices B and C.

(7) Hedges on accrual loans reflect the mark-to-market on credit derivatives used to hedge the corporate loan portfolio. The fixed premium cost of these hedges is included in (netted against) the core lending revenues to reflect the cost of the credit protection. Results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

17

EX-99.2

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT	2Q15
	Page
Citigroup Consolidated
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Segment Detail
Net Revenues	4
Income	5
Citicorp
Income Statement and Balance Sheet Data	6
Global Consumer Banking (GCB)	7 - 8
North America	9 - 11
Latin America	12 - 13
Asia (1)	14 - 15
Institutional Clients Group (ICG)	16
Revenues by Business	17
Corporate / Other	18
Regional Totals
North America	19
EMEA	20
Latin America	21
Asia	22
Citi Holdings
Income Statement and Balance Sheet Data	23
Consumer Key Indicators	24 - 25
Citigroup Supplemental Detail
Average Balances and Interest Rates	26
Deposits	27
Loans
Citicorp	28
Citi Holdings / Total Citigroup	29
Consumer Loan Delinquency Amounts and Ratios
90+ Days	30
30-89 Days	31
Allowance for Credit Losses
Total Citigroup	32
Consumer and Corporate	33 - 34
Components of Provision for Loan Losses
Citicorp	35
Citi Holdings / Total Citigroup	36
Non-Accrual Assets
Total Citigroup	37
Citicorp	38
Citi Holdings	39
Reconciliation of Non-GAAP Financial Measures	40

(1)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

CITIGROUP — FINANCIAL SUMMARY

(In millions of dollars, except per share amounts, and as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Total Revenues, Net of Interest Expense	$	19,425		$	19,689		$	17,899		$	19,736		$	19,470		(1	)%	—		$	39,631		$	39,206		(1	)%
Total Operating Expenses	15,521			12,955			14,426			10,884			10,928			—		(30	)%	27,670			21,812			(21	)%
Net Credit Losses (NCLs)	2,189			2,097			2,248			1,957			1,920			(2	)%	(12	)%	4,628			3,877			(16	)%
Credit Reserve Build / (Release)	(610		)	(522		)	(367		)	(202		)	(405		)	(100	)%	34	%	(1,256		)	(607		)	52	%
Provision for Unfunded Lending Commitments	(31		)	(30		)	(74		)	(37		)	(48		)	(30	)%	(55	)%	(58		)	(85		)	(47	)%
Provision for Benefits and Claims	182			205			206			197			181			(8	)%	(1	)%	390			378			(3	)%
Provisions for Credit Losses and for Benefits and Claims	1,730			1,750			2,013			1,915			1,648			(14	)%	(5	)%	3,704			3,563			(4	)%
Income from Continuing Operations before Income Taxes	2,174			4,984			1,460			6,937			6,894			(1	)%	NM		8,257			13,831			68	%
Income Taxes (benefits)	1,921			2,068			1,077			2,120			2,036			(4	)%	6	%	4,052			4,156			3	%
Income from Continuing Operations	$	253		$	2,916		$	383		$	4,817		$	4,858		1	%	NM		$	4,205		$	9,675		NM
Income (Loss) from Discontinued Operations, net of Taxes	(22		)	(16		)	(1		)	(5		)	6			NM		NM		15			1			NM
Net Income before Noncontrolling Interests	231			2,900			382			4,812			4,864			1	%	NM		4,220			9,676			NM
Net Income Attributable to Noncontrolling Interests	50			59			38			42			18			(57	)%	(64	)%	95			60			(37	)%
Citigroup’s Net Income	$	181		$	2,841		$	344		$	4,770		$	4,846		2	%	NM		$	4,125		$	9,616		NM
Diluted Earnings Per Share:
Income from Continuing Operations	$	0.03		$	0.88		$	0.06		$	1.51		$	1.51		—		NM		$	1.26		$	3.02		NM
Citigroup’s Net Income	$	0.03		$	0.88		$	0.06		$	1.51		$	1.51		—		NM		$	1.26		$	3.02		NM
Shares (in millions):
Average Basic	3,033.8			3,029.5			3,025.6			3,034.2			3,020.0			—		—		3,035.6			3,027.1			—
Average Diluted	3,038.3			3,034.8			3,031.5			3,039.3			3,025.0			—		—		3,040.8			3,032.1			—
Common Shares Outstanding, at period end	3,031.8			3,029.5			3,023.9			3,034.1			3,009.8			(1	)%	(1	)%
Preferred Dividends - Basic	$	100		$	128		$	159		$	128		$	202		58	%	NM		$	224		$	330		47	%
Preferred Dividends - Diluted	$	100		$	128		$	159		$	128		$	202		58	%	NM		$	224		$	330		47	%
Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	102		$	2,684		$	183		$	4,585		$	4,574		—		NM		$	3,822		$	9,159		NM
Citigroup’s Net Income	$	80		$	2,669		$	182		$	4,580		$	4,580		—		NM		$	3,837		$	9,160		NM
Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	102		$	2,684		$	183		$	4,585		$	4,574		—		NM		$	3,823		$	9,159		NM
Citigroup’s Net Income	$	80		$	2,669		$	182		$	4,580		$	4,580		—		NM		$	3,837		$	9,160		NM
Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 Capital Ratio (1) (2)	10.57		%	10.64		%	10.57		%	11.06		%	11.4		%
Tier 1 Capital Ratio (1) (2)	11.35		%	11.41		%	11.45		%	12.07		%	12.5		%
Total Capital Ratio (1) (2)	12.70		%	12.76		%	12.80		%	13.38		%	14.1		%
Supplementary Leverage Ratio (2) (3)	5.82		%	5.98		%	5.94		%	6.44		%	6.7		%
Return on Average Assets	0.04		%	0.59		%	0.07		%	1.04		%	1.06		%					0.44		%	1.05		%
Efficiency Ratio (Operating Expenses/Total Revenues, net)	80		%	66		%	81		%	55		%	56		%					70		%	56		%
Return on Average Common Equity	0.2		%	5.3		%	0.4		%	9.4		%	9.1		%
Balance Sheet Data (in billions of dollars, except Book Value Per Share):
Total Assets	$	1,909.4		$	1,882.5		$	1,842.2		$	1,831.8		$	1,827.1		—		(4	)%
Total Average Assets	1,903.3			1,895.4			1,900.2			1,853.1			1,839.6			(1	)%	(3	)%	1,895.8			1,846.4			(3	)%
Total Deposits(4)	965.7			942.7			899.3			899.6			908.0			1	%	(6	)%
Citigroup’s Stockholders’ Equity	211.0			211.9			210.2			214.6			219.4			2	%	4	%
Book Value Per Share	$	66.64		$	66.99		$	66.05		$	66.79		$	68.27		2	%	2	%
Tangible Book Value Per Share(5)	$	56.78		$	57.41		$	56.71		$	57.66		$	59.18		3	%	4	%
Direct Staff (in thousands)	244			243			241			239			237			(1	)%	(3	)%

(1)Citigroup’s risk-based capital ratios, which reflect full implementation of the U.S. Basel III rules, are non-GAAP financial measures. These ratios are calculated under the Basel III Advanced Approaches framework.  See page 40 for a reconciliation of Citi’s Common Equity Tier 1 Capital to reported results.

(2)June 30, 2015 ratios are preliminary.

(3)Citigroup’s Supplementary Leverage Ratio (SLR), which reflects full implementation of the U.S. Basel III rules, is a non-GAAP financial measure.

(4)Beginning December 31, 2014, approximately $20 billion of Deposits (and corresponding assets) were reclassified to held-for-sale within Other liabilities and Other assets, respectively, as a result of Citigroup’s entry into an agreement in December 2014 to sell its Japan retail banking business, which is now reported in Citi Holdings.

(5)Tangible book value per share is a non-GAAP financial measure.  See page 40 for a reconciliation of Tangible Common Equity to reported results.

Note:  Ratios and performance metrics are calculated based on the displayed amounts.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Revenues
Interest revenue	$	15,561		$	15,512		$	15,260		$	14,600		$	14,873		2	%	(4	)%	$	30,911		$	29,473		(5	)%
Interest expense	3,615			3,325			3,159			3,028			3,051			1	%	(16	)%	7,206			6,079			(16	)%
Net interest revenue	11,946			12,187			12,101			11,572			11,822			2	%	(1	)%	23,705			23,394			(1	)%
Commissions and fees	3,441			3,280			3,127			3,170			3,194			1	%	(7	)%	6,625			6,364			(4	)%
Principal transactions	1,843			1,549			418			1,971			2,173			10	%	18	%	4,731			4,144			(12	)%
Administrative and other fiduciary fees	1,029			1,029			946			962			995			3	%	(3	)%	2,038			1,957			(4	)%
Realized gains (losses) on investments	84			136			222			307			183			(40	)%	NM		212			490			NM
Other-than-temporary impairment losses on investments and other assets	(37		)	(91		)	(95		)	(72		)	(43		)	40	%	(16	)%	(238		)	(115		)	52	%
Insurance premiums	538			530			497			497			482			(3	)%	(10	)%	1,083			979			(10	)%
Other revenue	581			1,069			683			1,329			664			(50	)%	14	%	1,475			1,993			35	%
Total non-interest revenues	7,479			7,502			5,798			8,164			7,648			(6	)%	2	%	15,926			15,812			(1	)%
Total revenues, net of interest expense	19,425			19,689			17,899			19,736			19,470			(1	)%	—		39,631			39,206			(1	)%
Provisions for Credit Losses and for Benefits and Claims
Net credit losses	2,189			2,097			2,248			1,957			1,920			(2	)%	(12	)%	4,628			3,877			(16	)%
Credit reserve build / (release)	(610		)	(522		)	(367		)	(202		)	(405		)	(100	)%	34	%	(1,256		)	(607		)	52	%
Provision for loan losses	1,579			1,575			1,881			1,755			1,515			(14	)%	(4	)%	3,372			3,270			(3	)%
Provison for Policyholder benefits and claims	182			205			206			197			181			(8	)%	(1	)%	390			378			(3	)%
Provision for unfunded lending commitments	(31		)	(30		)	(74		)	(37		)	(48		)	(30	)%	(55	)%	(58		)	(85		)	(47	)%
Total provisions for credit losses and for benefits and claims	1,730			1,750			2,013			1,915			1,648			(14	)%	(5	)%	3,704			3,563			(4	)%
Operating Expenses
Compensation and benefits	6,028			6,114			5,807			5,520			5,483			(1	)%	(9	)%	12,038			11,003			(9	)%
Premises and Equipment	819			804			750			709			737			4	%	(10	)%	1,624			1,446			(11	)%
Technology / communication expense	1,619			1,630			1,657			1,600			1,656			4	%	2	%	3,149			3,256			3	%
Advertising and marketing expense	460			442			484			392			393			—		(15	)%	918			785			(14	)%
Other operating	6,595			3,965			5,728			2,663			2,659			—		(60	)%	9,941			5,322			(46	)%
Total operating expenses	15,521			12,955			14,426			10,884			10,928			—		(30	)%	27,670			21,812			(21	)%
Income from Continuing Operations before Income Taxes	2,174			4,984			1,460			6,937			6,894			(1	)%	NM		8,257			13,831			68	%
Provision (benefits) for income taxes	1,921			2,068			1,077			2,120			2,036			(4	)%	6	%	4,052			4,156			3	%
Income from Continuing Operations	253			2,916			383			4,817			4,858			1	%	NM		4,205			9,675			NM
Discontinued Operations
Income (Loss) from Discontinued Operations	(3		)	(25		)	(2		)	(8		)	9			NM		NM		37			1			(97	)%
Gain (Loss) on Sale	—			—			—			—			—			—		—		—			—			—
Provision (benefits) for income taxes	19			(9		)	(1		)	(3		)	3			NM		(84	)%	22			—			(100	)%
Income (Loss) from Discontinued Operations, net of taxes	(22		)	(16		)	(1		)	(5		)	6			NM		NM		15			1			NM
Net Income before Noncontrolling Interests	231			2,900			382			4,812			4,864			1	%	NM		4,220			9,676			NM
Net Income attributable to noncontrolling interests	50			59			38			42			18			(57	)%	(64	)%	95			60			(37	)%
Citigroup’s Net Income	$	181		$	2,841		$	344		$	4,770		$	4,846		2	%	NM		$	4,125		$	9,616		NM

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																2Q15 Increase
	June 30,			September 30,			December 31,			March 31,			June 30,			(Decrease) from
	2014			2014			2014			2015			2015 (1)			1Q15		2Q14
Assets
Cash and due from banks (including segregated cash and other deposits)	$	35,268		$	35,976		$	32,108		$	21,880		$	23,413		7	%	(34	)%
Deposits with banks	153,817			143,068			128,089			133,896			130,685			(2	)%	(15	)%
Fed funds sold and securities borr’d or purch under agree. to resell	250,353			245,462			242,570			239,015			237,054			(1	)%	(5	)%
Brokerage receivables	41,864			39,298			28,419			35,637			43,921			23	%	5	%
Trading account assets	290,776			290,822			296,786			302,983			276,922			(9	)%	(5	)%
Investments
Available-for-sale and non-marketable equity securities	303,293			309,009			309,522			303,561			301,955			(1	)%	—
Held-to-maturity	22,330			24,038			23,921			23,254			30,166			30	%	35	%
Total Investments	325,623			333,047			333,443			326,815			332,121			2	%	2	%
Loans, net of unearned income
Consumer	384,345			376,318			369,970			341,706			342,349			—		(11	)%
Corporate	283,159			277,508			274,665			279,348			289,769			4	%	2	%
Loans, net of unearned income	667,504			653,826			644,635			621,054			632,118			2	%	(5	)%
Allowance for loan losses	(17,890		)	(16,915		)	(15,994		)	(14,598		)	(14,075		)	4	%	21	%
Total loans, net	649,614			636,911			628,641			606,456			618,043			2	%	(5	)%
Goodwill	25,087			24,500			23,592			23,150			23,012			(1	)%	(8	)%
Intangible assets (other than MSRs)	4,702			4,525			4,566			4,244			4,071			(4	)%	(13	)%
Mortgage servicing rights (MSRs)	2,282			2,093			1,845			1,685			1,924			14	%	(16	)%
Other assets (2)	129,983			126,803			122,122			136,040			135,929			—		5	%
Total assets	$	1,909,369		$	1,882,505		$	1,842,181		$	1,831,801		$	1,827,095		—		(4	)%
Liabilities
Non-interest-bearing deposits in U.S. offices	$	130,653		$	128,243		$	128,958		$	136,568		$	135,013		(1	)%	3	%
Interest-bearing deposits in U.S. offices	289,035			285,604			284,978			275,423			268,947			(2	)%	(7	)%
Total U.S. Deposits	419,688			413,847			413,936			411,991			403,960			(2	)%	(4	)%
Non-interest-bearing deposits in offices outside the U.S.	73,991			71,228			70,925			71,653			72,629			1	%	(2	)%
Interest-bearing deposits in offices outside the U.S.	472,046			457,580			414,471			416,003			431,448			4	%	(9	)%
Total International Deposits	546,037			528,808			485,396			487,656			504,077			3	%	(8	)%
Total deposits (2)	965,725			942,655			899,332			899,647			908,037			1	%	(6	)%
Fed funds purch and securities loaned or sold under agree. to repurch.	183,912			175,732			173,438			175,371			177,012			1	%	(4	)%
Brokerage payables	62,323			59,428			52,180			58,252			54,867			(6	)%	(12	)%
Trading account liabilities	123,370			137,272			139,036			142,438			134,020			(6	)%	9	%
Short-term borrowings	59,534			64,838			58,335			39,405			25,907			(34	)%	(56	)%
Long-term debt	226,984			223,842			223,080			210,522			211,845			1	%	(7	)%
Other liabilities (2) (3)	74,768			65,191			85,084			90,143			94,582			5	%	27	%
Total liabilities	$	1,696,616		$	1,668,958		$	1,630,485		$	1,615,778		$	1,606,270		(1	)%	(5	)%
Equity
Stockholders’ equity
Preferred stock	$	8,968		$	8,968		$	10,468		$	11,968		$	13,968		17	%	56	%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	107,669			107,839			107,979			108,124			108,219			—		1	%
Retained earnings	115,015			117,697			117,852			122,463			126,954			4	%	10	%
Treasury stock	(2,520		)	(2,631		)	(2,929		)	(3,275		)	(4,628		)	(41	)%	(84	)%
Accumulated other comprehensive income (loss)	(18,147		)	(19,976		)	(23,216		)	(24,691		)	(25,104		)	(2	)%	(38	)%
Total common equity	$	202,048		$	202,960		$	199,717		$	202,652		$	205,472		1	%	2	%
Total Citigroup stockholders’ equity	$	211,016		$	211,928		$	210,185		$	214,620		$	219,440		2	%	4	%
Noncontrolling interests	1,737			1,619			1,511			1,403			1,385			(1	)%	(20	)%
Total equity	212,753			213,547			211,696			216,023			220,825			2	%	4	%
Total liabilities and equity	$	1,909,369		$	1,882,505		$	1,842,181		$	1,831,801		$	1,827,095		—		(4	)%

(1)Preliminary

(2)See footnote 4 on page 1.

(3)Includes allowance for credit losses for letters of credit and unfunded lending commitments.  See page 32 for amounts by period.

Reclassified to conform to the current period’s presentation.

3

CITIGROUP

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

															2Q15 Increase				Six			Six		YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q		(Decrease) from				Months			Months		YTD 2014 Increase/
	2014			2014			2014			2015			2015		1Q15		2Q14		2014			2015		(Decrease)
CITICORP
Global Consumer Banking
North America	$	4,787		$	4,996		$	5,096		$	4,994		$	4,823	(3	)%	1	%	$	9,577		$	9,817	3	%
Latin America	2,136			2,172			2,069			1,835			1,848		1	%	(13	)%	4,219			3,683		(13	)%
Asia (1)	2,021			2,033			1,863			1,833			1,878		2	%	(7	)%	3,992			3,711		(7	)%
Total	8,944			9,201			9,028			8,662			8,549		(1	)%	(4	)%	17,788			17,211		(3	)%
Institutional Clients Group
North America	3,154			3,219			2,457			3,303			3,285		(1	)%	4	%	6,715			6,588		(2	)%
EMEA	2,430			2,252			2,038			2,763			2,543		(8	)%	5	%	5,201			5,306		2	%
Latin America	1,149			1,014			971			1,065			1,111		4	%	(3	)%	2,250			2,176		(3	)%
Asia	1,669			1,851			1,694			1,897			1,939		2	%	16	%	3,390			3,836		13	%
Total	8,402			8,336			7,160			9,028			8,878		(2	)%	6	%	17,556			17,906		2	%
Corporate / Other	89			82			(93		)	212			370		75	%	NM		312			582		87	%
Total Citicorp	17,435			17,619			16,095			17,902			17,797		(1	)%	2	%	35,656			35,699		—
Total Citi Holdings	1,990			2,070			1,804			1,834			1,673		(9	)%	(16	)%	3,975			3,507		(12	)%
Total Citigroup - Net Revenues	19,425			19,689			17,899			19,736			19,470		(1	)%	—		39,631			39,206		(1	)%
Credit valuation adjustments (CVA) on derivatives (counterparty and own-credit), net of hedges; funding valuation adjustments (FVA) on derivatives; and debt valuation adjustments (DVA) on Citigroup’s fair value option liabilities {collectively referred to as CVA/DVA} (2)	(33		)	(371		)	7			(73		)	312		NM		NM		(26		)	239		NM
Total Citigroup - Net Revenues - Excluding CVA/DVA (3)	$	19,458		$	20,060		$	17,892		$	19,809		$	19,158	(3	)%	(2	)%	$	39,657		$	38,967	(2	)%

(1)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2)Included, as applicable, in Citicorp-Institutional Clients Group and Citi Holdings lines above. 

(3)Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

4

CITIGROUP

SEGMENT DETAIL

INCOME

(In millions of dollars)

															2Q15 Increase				Six			Six		YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q		(Decrease) from				Months			Months		YTD 2014 Increase/
	2014			2014			2014			2015			2015		1Q15		2Q14		2014			2015		(Decrease)
Income from Continuing Operations:
CITICORP
Global Consumer Banking
North America	$	1,074		$	1,183		$	1,137		$	1,140		$	1,067	(6	)%	(1	)%	$	2,092		$	2,207	5	%
Latin America	275			329			263			244			225		(8	)%	(18	)%	566			469		(17	)%
Asia (1)	214			382			288			341			338		(1	)%	58	%	579			679		17	%
Total	1,563			1,894			1,688			1,725			1,630		(6	)%	4	%	3,237			3,355		4	%
Institutional Clients Group
North America	1,096			920			655			1,015			978		(4	)%	(11	)%	2,401			1,993		(17	)%
EMEA	570			477			223			857			684		(20	)%	20	%	1,362			1,541		13	%
Latin America	427			294			273			413			470		14	%	10	%	767			883		15	%
Asia	473			652			526			679			703		4	%	49	%	984			1,382		40	%
Total	2,566			2,343			1,677			2,964			2,835		(4	)%	10	%	5,514			5,799		5	%
Corporate / Other	(384		)	(1,537		)	(3,066		)	(19		)	230		NM		NM		(772		)	211		NM
Total Citicorp	3,745			2,700			299			4,670			4,695		1	%	25	%	7,979			9,365		17	%
Total Citi Holdings	(3,492		)	216			84			147			163		11	%	NM		(3,774		)	310		NM
Income From Continuing Operations	253			2,916			383			4,817			4,858		1	%	NM		4,205			9,675		NM
Discontinued Operations	(22		)	(16		)	(1		)	(5		)	6		NM		NM		15			1		(93	)%
Net Income Attributable to Noncontrolling Interests	50			59			38			42			18		(57	)%	(64	)%	95			60		(37	)%
Citigroup’s Net Income	$	181		$	2,841		$	344		$	4,770		$	4,846	2	%	NM		$	4,125		$	9,616	NM
CVA/DVA (after-tax) (2)	(20		)	(228		)	4			(47		)	196		NM		NM		(16		)	149		NM
Total Citigroup - Net Income - Excluding CVA/DVA (3)	$	201		$	3,069		$	340		$	4,817		$	4,650	(3	)%	NM		$	4,141		$	9,467	NM

(1)           For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2)           Included, as applicable, in Citicorp-Institutional Clients Group and Citi Holdings lines above.

(3)           Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

5

CITICORP

INCOME STATEMENT AND BALANCE SHEET DATA

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Revenues
Net interest revenue	$	10,709		$	11,068		$	11,042		$	10,517		$	10,821		3	%	1	%	$	21,292		$	21,338		—
Non-interest revenue	6,726			6,551			5,053			7,385			6,976			(6	)%	4	%	14,364			14,361			—
Total revenues, net of interest expense	17,435			17,619			16,095			17,902			17,797			(1	)%	2	%	35,656			35,699			—
Provisions for Credit Losses and for Benefits and Claims
Net credit losses	1,747			1,692			1,831			1,549			1,662			7	%	(5	)%	3,613			3,211			(11	)%
Credit reserve build / (release)	(398		)	(387		)	(153		)	(6		)	(235		)	NM		41	%	(698		)	(241		)	65	%
Provision for loan losses	1,349			1,305			1,678			1,543			1,427			(8	)%	6	%	2,915			2,970			2	%
Provision for benefits and claims	26			38			39			28			21			(25	)%	(19	)%	67			49			(27	)%
Provision for unfunded lending commitments	(28		)	(27		)	(74		)	(32		)	(47		)	(47	)%	(68	)%	(51		)	(79		)	(55	)%
Total provisions for credit losses and for benefits and claims	1,347			1,316			1,643			1,539			1,401			(9	)%	4	%	2,931			2,940			—
Total operating expenses	10,499			11,609			13,123			9,727			9,824			1	%	(6	)%	20,630			19,551			(5	)%
Income from Continuing Operations before Income Taxes	5,589			4,694			1,329			6,636			6,572			(1	)%	18	%	12,095			13,208			9	%
Provision for income taxes	1,844			1,994			1,030			1,966			1,877			(5	)%	2	%	4,116			3,843			(7	)%
Income from Continuing Operations	3,745			2,700			299			4,670			4,695			1	%	25	%	7,979			9,365			17	%
Income (loss) from Discontinued Operations, net of taxes	(22		)	(16		)	(1		)	(5		)	6			NM		NM		15			1			(93	)%
Noncontrolling interests	50			55			38			41			18			(56	)%	(64	)%	93			59			(37	)%
Citicorp’s Net Income	$	3,673		$	2,629		$	260		$	4,624		$	4,683		1	%	27	%	$	7,901		$	9,307		18	%
Balance Sheet Data (in billions of dollars):
Total EOP Assets	$	1,761		$	1,746		$	1,713		$	1,710		$	1,711		—		(3	)%
Average Assets	$	1,755		$	1,752		$	1,768		$	1,728		$	1,722		—		(2	)%	$	1,746		$	1,725		(1	)%
Return on Average Assets	0.84		%	0.60		%	0.06		%	1.09		%	1.09		%					0.91		%	1.09		%
Efficiency Ratio (Operating Expenses/Total Revenues, net)	60		%	66		%	82		%	54		%	55		%					58		%	55		%
Total EOP Loans	$	578		$	569		$	565		$	559		$	573		3	%	(1	)%
Total EOP Deposits	$	913		$	898		$	883		$	888		$	900		1	%	(1	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

6

CITICORP

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	6,933		$	7,120		$	7,070		$	6,701		$	6,692		—		(3	)%	$	13,734		$	13,393		(2	)%
Non-Interest Revenue	2,011			2,081			1,958			1,961			1,857			(5	)%	(8	)%	4,054			3,818			(6	)%
Total Revenues, Net of Interest Expense	8,944			9,201			9,028			8,662			8,549			(1	)%	(4	)%	17,788			17,211			(3	)%
Total Operating Expenses	5,120			4,975			4,985			4,552			4,618			1	%	(10	)%	9,991			9,170			(8	)%
Net Credit Losses	1,738			1,680			1,710			1,551			1,579			2	%	(9	)%	3,470			3,130			(10	)%
Credit Reserve Build / (Release)	(302		)	(379		)	(254		)	(113		)	(103		)	9	%	66	%	(515		)	(216		)	58	%
Provision for Unfunded Lending Commitments	(3		)	(2		)	(15		)	(1		)	(1		)	—		67	%	(6		)	(2		)	67	%
Provision for Benefits and Claims	26			38			39			28			21			(25	)%	(19	)%	67			49			(27	)%
Provisions for Loan Losses and for Benefits and Claims (LLR & PBC)	1,459			1,337			1,480			1,465			1,496			2	%	3	%	3,016			2,961			(2	)%
Income from Continuing Operations before Taxes	2,365			2,889			2,563			2,645			2,435			(8	)%	3	%	4,781			5,080			6	%
Income Taxes	802			995			875			920			805			(13	)%	—		1,544			1,725			12	%
Income from Continuing Operations	1,563			1,894			1,688			1,725			1,630			(6	)%	4	%	3,237			3,355			4	%
Noncontrolling Interests	6			9			3			(5		)	5			NM		(17	)%	13			—			(100	)%
Net Income	$	1,557		$	1,885		$	1,685		$	1,730		$	1,625		(6	)%	4	%	$	3,224		$	3,355		4	%
Average Assets (in billions of dollars)	$	409		$	410		$	406		$	394		$	394		—		(4	)%	$	408		$	394		(3	)%
Return on Average Assets (ROA)	1.53		%	1.82		%	1.65		%	1.78		%	1.65		%					1.60		%	1.72		%
Efficiency Ratio	57		%	54		%	55		%	53		%	54		%					56		%	53		%
Net Credit Losses as a % of Average Loans	2.39		%	2.28		%	2.34		%	2.22		%	2.24		%					2.42		%	2.23		%
Revenue by Business
Retail Banking	$	3,845		$	3,936		$	3,891		$	3,774		$	3,776		—		(2	)%	$	7,634		$	7,550		(1	)%
Cards (1)	5,099			5,265			5,137			4,888			4,773			(2	)%	(6	)%	10,154			9,661			(5	)%
Total	$	8,944		$	9,201		$	9,028		$	8,662		$	8,549		(1	)%	(4	)%	$	17,788		$	17,211		(3	)%
Net Credit Losses by Business
Retail Banking	$	331		$	325		$	388		$	294		$	315		7	%	(5	)%	$	653		$	609		(7	)%
Cards (1)	1,407			1,355			1,322			1,257			1,264			1	%	(10	)%	2,817			2,521			(11	)%
Total	$	1,738		$	1,680		$	1,710		$	1,551		$	1,579		2	%	(9	)%	$	3,470		$	3,130		(10	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	357		$	536		$	468		$	574		$	555		(3	)%	55	%	$	783		$	1,129		44	%
Cards (1)	1,206			1,358			1,220			1,151			1,075			(7	)%	(11	)%	2,454			2,226			(9	)%
Total	$	1,563		$	1,894		$	1,688		$	1,725		$	1,630		(6	)%	4	%	$	3,237		$	3,355		4	%
FX Translation Impact:
Total Revenue - as Reported	$	8,944		$	9,201		$	9,028		$	8,662		$	8,549		(1	)%	(4	)%	$	17,788		$	17,211		(3	)%
Impact of FX Translation (2)	(485		)	(429		)	(241		)	(43		)	—							(857		)	—
Total Revenues - Ex-FX (3)	$	8,459		$	8,772		$	8,787		$	8,619		$	8,549		(1	)%	1	%	$	16,931		$	17,211		2	%
Total Operating Expenses - as Reported	$	5,120		$	4,975		$	4,985		$	4,552		$	4,618		1	%	(10	)%	$	9,991		$	9,170		(8	)%
Impact of FX Translation (2)	(296		)	(251		)	(138		)	(20		)	—							(509		)	—
Total Operating Expenses - Ex-FX (3)	$	4,824		$	4,724		$	4,847		$	4,532		$	4,618		2	%	(4	)%	$	9,482		$	9,170		(3	)%
Total Provisions for LLR & PBC - as Reported	$	1,459		$	1,337		$	1,480		$	1,465		$	1,496		2	%	3	%	$	3,016		$	2,961		(2	)%
Impact of FX Translation (2)	(124		)	(94		)	(61		)	(12		)	—							(210		)	—
Total Provisions for LLR & PBC - Ex-FX (3)	$	1,335		$	1,243		$	1,419		$	1,453		$	1,496		3	%	12	%	$	2,806		$	2,961		6	%
Net Income - as Reported	$	1,557		$	1,885		$	1,685		$	1,730		$	1,625		(6	)%	4	%	$	3,224		$	3,355		4	%
Impact of FX Translation (2)	(36		)	(47		)	(18		)	(7		)	—							(65		)	—
Net Income - Ex-FX (3)	$	1,521		$	1,838		$	1,667		$	1,723		$	1,625		(6	)%	7	%	$	3,159		$	3,355		6	%

(1)     Includes both Citi-Branded Cards and Citi Retail Services.

(2)     Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the second quarter of 2015 average exchange rates for all periods presented.

(3)     Presentation of this metric excluding FX translation is a non-GAAP financial measure.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

7

CITICORP

GLOBAL CONSUMER BANKING

Page 2

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	3,307			3,284			3,129			3,027			3,015			—		(9	)%
Accounts (in millions)	61.2			60.3			59.8			59.2			59.4			—		(3	)%
Average Deposits	$	307.5		$	306.4		$	302.7		$	302.2		$	302.1		—		(2	)%
Investment Sales	$	26.3		$	29.5		$	23.8		$	26.5		$	26.9		2	%	2	%
Investment Assets under Management (AUMs)	$	170.2		$	168.2		$	163.3		$	161.8		$	163.3		1	%	(4	)%
Average Loans	$	153.3		$	154.2		$	152.6		$	148.3		$	149.8		1	%	(2	)%
EOP Loans:
Real Estate Lending	$	81.1		$	81.5		$	79.7		$	79.5		$	80.4		1	%	(1	)%
Commercial Markets	42.1			41.1			39.1			38.2			38.6			1	%	(8	)%
Personal and Other	31.7			31.3			30.4			30.2			30.8			2	%	(3	)%
EOP Loans	$	154.9		$	153.9		$	149.2		$	147.9		$	149.8		1	%	(3	)%
Net Interest Revenue (in millions) (1)	$	2,431		$	2,483		$	2,461		$	2,315		$	2,364		2	%	(3	)%
As a % of Average Loans	6.36		%	6.39		%	6.40		%	6.33		%	6.33		%
Net Credit Losses (in millions)	$	331		$	325		$	388		$	294		$	315		7	%	(5	)%
As a % of Average Loans	0.87		%	0.84		%	1.01		%	0.80		%	0.84		%
Loans 90+ Days Past Due (in millions) (2) (3)	$	989		$	964		$	816		$	617		$	636		3	%	(36	)%
As a % of EOP Loans	0.64		%	0.63		%	0.55		%	0.42		%	0.43		%
Loans 30-89 Days Past Due (in millions) (2)	$	965		$	912		$	854		$	845		$	797		(6	)%	(17	)%
As a % of EOP Loans	0.63		%	0.60		%	0.58		%	0.58		%	0.53		%
Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	$	138.2		$	136.1		$	137.0		$	136.3		$	136.6		—		(1	)%
Purchase Sales (in billions)	$	91.8		$	90.6		$	96.7		$	82.5		$	92.0		12	%	—
Average Loans (in billions) (4)	$	138.3		$	138.0		$	137.8		$	134.8		$	132.4		(2	)%	(4	)%
EOP Loans (in billions) (4)	$	140.1		$	138.1		$	141.9		$	132.2		$	134.1		1	%	(4	)%
Average Yield (5)	13.51		%	13.55		%	13.47		%	13.51		%	13.46		%
Net Interest Revenue (6)	$	4,502		$	4,637		$	4,609		$	4,386		$	4,328		(1	)%	(4	)%
As a % of Average Loans (6)	13.06		%	13.33		%	13.27		%	13.20		%	13.11		%
Net Credit Losses	$	1,407		$	1,355		$	1,322		$	1,257		$	1,264		1	%	(10	)%
As a % of Average Loans	4.08		%	3.90		%	3.81		%	3.78		%	3.83		%
Net Credit Margin (7)	$	3,682		$	3,898		$	3,804		$	3,621		$	3,499		(3	)%	(5	)%
As a % of Average Loans (7)	10.68		%	11.21		%	10.95		%	10.89		%	10.60		%
Loans 90+ Days Past Due	$	1,715		$	1,690		$	1,750		$	1,628		$	1,498		(8	)%	(13	)%
As a % of EOP Loans	1.22		%	1.22		%	1.23		%	1.23		%	1.12		%
Loans 30-89 Days Past Due	$	1,850		$	1,894		$	1,834		$	1,666		$	1,590		(5	)%	(14	)%
As a % of EOP Loans	1.32		%	1.37		%	1.29		%	1.26		%	1.19		%

(1)Also includes net interest revenue related to the international regions’ deposit balances in excess of the average loan portfolio.

(2)The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies.  See footnote 1 on page 10.

(3)The fourth quarter of 2014 reflects a $71 million charge-off related to Citi’s homebuilder exposure in Mexico, which was offset by a related release of previously established loan loss reserves, and therefore neutral to the cost of credit during the quarter.  The charge-off reduced Loans 90+Days Past Due by the same amount.

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

(5)Average yield is gross interest revenue earned divided by average loans.

(6)Net interest revenue includes certain fees that are recorded as interest revenue.

(7)Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

8

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	4,211		$	4,363		$	4,442		$	4,305		$	4,280		(1	)%	2	%	$	8,398		$	8,585		2	%
Non-Interest Revenue	576			633			654			689			543			(21	)%	(6	)%	1,179			1,232			4	%
Total Revenues, Net of Interest Expense	4,787			4,996			5,096			4,994			4,823			(3	)%	1	%	9,577			9,817			3	%
Total Operating Expenses	2,349			2,411			2,507			2,292			2,267			(1	)%	(3	)%	4,788			4,559			(5	)%
Net Credit Losses	1,072			1,019			1,013			961			1,000			4	%	(7	)%	2,174			1,961			(10	)%
Credit Reserve Build / (Release)	(397		)	(341		)	(233		)	(100		)	(109		)	(9	)%	73	%	(668		)	(209		)	69	%
Provision for Unfunded Lending Commitments	1			—			(11		)	1			—			(100	)%	(100	)%	3			1			(67	)%
Provision for Benefits and Claims	11			12			10			10			9			(10	)%	(18	)%	18			19			6	%
Provisions for Loan Losses and for Benefits and Claims	687			690			779			872			900			3	%	31	%	1,527			1,772			16	%
Income from Continuing Operations before Taxes	1,751			1,895			1,810			1,830			1,656			(10	)%	(5	)%	3,262			3,486			7	%
Income Taxes (benefits)	677			712			673			690			589			(15	)%	(13	)%	1,170			1,279			9	%
Income from Continuing Operations	1,074			1,183			1,137			1,140			1,067			(6	)%	(1	)%	2,092			2,207			5	%
Noncontrolling Interests	(1		)	—			—			—			(1		)	(100	)%	—		(1		)	(1		)	—
Net Income	$	1,075		$	1,183		$	1,137		$	1,140		$	1,068		(6	)%	(1	)%	$	2,093		$	2,208		5	%
Average Assets (in billions of dollars)	$	209		$	211		$	213		$	208		$	206		(1	)%	(1	)%	$	210		$	207		(1	)%
Return on Average Assets	2.06		%	2.22		%	2.12		%	2.22		%	2.08		%					2.01		%	2.15		%
Efficiency Ratio	49		%	48		%	49		%	46		%	47		%					50		%	46		%
Net Credit Losses as a % of Average Loans	2.78		%	2.59		%	2.55		%	2.51		%	2.59		%					2.82		%	2.55		%
Revenue by Business
Retail Banking	$	1,177		$	1,232		$	1,364		$	1,348		$	1,307		(3	)%	11	%	$	2,321		$	2,655		14	%
Citi-Branded Cards	2,029			2,118			2,122			2,009			1,933			(4	)%	(5	)%	4,050			3,942			(3	)%
Citi Retail Services	1,581			1,646			1,610			1,637			1,583			(3	)%	—		3,206			3,220			—
Total	$	4,787		$	4,996		$	5,096		$	4,994		$	4,823		(3	)%	1	%	$	9,577		$	9,817		3	%
Net Credit Losses by Business
Retail Banking	$	37		$	36		$	36		$	36		$	40		11	%	8	%	$	71		$	76		7	%
Citi-Branded Cards	570			526			514			492			503			2	%	(12	)%	1,157			995			(14	)%
Citi Retail Services	465			457			463			433			457			6	%	(2	)%	946			890			(6	)%
Total	$	1,072		$	1,019		$	1,013		$	961		$	1,000		4	%	(7	)%	$	2,174		$	1,961		(10	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	90		$	107		$	140		$	197		$	189		(4	)%	NM		$	108		$	386		NM
Citi-Branded Cards	555			636			636			539			499			(7	)%	(10	)%	1,119			1,038			(7	)%
Citi Retail Services	429			440			361			404			379			(6	)%	(12	)%	865			783			(9	)%
Total	$	1,074		$	1,183		$	1,137		$	1,140		$	1,067		(6	)%	(1	)%	$	2,092		$	2,207		5	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

9

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GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	912			895			849			788			779			(1	)%	(15	)%
Accounts (in millions)	12.0			11.9			11.7			11.3			11.2			(1	)%	(7	)%
Investment Sales	$	3.8		$	3.6		$	4.0		$	4.5		$	3.9		(13	)%	3	%
Investment AUMs	$	35.9		$	35.8		$	36.2		$	37.0		$	36.9		—		3	%
Average Deposits	$	171.0		$	170.4		$	170.6		$	171.6		$	170.9		—		—
Average Loans	$	45.6		$	46.9		$	48.3		$	47.5		$	49.0		3	%	7	%
EOP Loans:
Real Estate Lending	$	36.4		$	37.6		$	36.7		$	37.8		$	38.9		3	%	7	%
Commercial Markets	8.5			8.6			8.6			8.5			8.5			—		—
Personal and Other	1.3			1.3			1.5			1.5			1.4			(7	)%	8	%
Total EOP Loans	$	46.2		$	47.5		$	46.8		$	47.8		$	48.8		2	%	6	%
Mortgage Originations	$	6.2		$	7.1		$	6.7		$	7.0		$	8.8		26	%	42	%
Third Party Mortgage Servicing Portfolio (EOP)	$	175.9		$	173.0		$	171.9		$	168.2		$	165.0		(2	)%	(6	)%
Net Servicing & Gain/(Loss) on Sale (in millions)	$	133.9		$	132.4		$	255.6		$	168.7		$	179.4		6	%	34	%
Saleable Mortgage Rate Locks	$	4.2		$	4.4		$	3.8		$	4.4		$	5.0		14	%	19	%
Net Interest Revenue on Loans (in millions)	$	247		$	255		$	271		$	248		$	266		7	%	8	%
As a % of Avg. Loans	2.17		%	2.16		%	2.23		%	2.12		%	2.18		%
Net Credit Losses (in millions)	$	37		$	36		$	36		$	36		$	40		11	%	8	%
As a % of Avg. Loans	0.33		%	0.30		%	0.30		%	0.31		%	0.33		%
Loans 90+ Days Past Due (in millions) (1)	$	227		$	229		$	225		$	123		$	150		22	%	(34	)%
As a % of EOP Loans	0.50		%	0.49		%	0.49		%	0.26		%	0.31		%
Loans 30-89 Days Past Due (in millions) (1)	$	203		$	213		$	212		$	203		$	176		(13	)%	(13	)%
As a % of EOP Loans	0.45		%	0.46		%	0.46		%	0.43		%	0.37		%

(1)The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+Days Past Due and (EOP Loans) were $668 million and ($1.2 billion), $604 million and ($1.1 billion), $562 million and ($1.1 billion), $534 million and ($1.1 billion) and $423 million and ($0.8 billion), as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $125 million and ($1.2 billion), $126 million and ($1.1 billion), $122 million and ($1.1 billion), $111 million and ($1.1 billion) and $75 million and ($0.8 billion) as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015, respectively.

Reclassified to conform to the current period’s presentation.

10

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GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	24.1			23.5			23.6			23.7			23.2			(2	)%	(4	)%
Purchase Sales (in billions)	$	43.9		$	43.3		$	45.1		$	40.9		$	46.1		13	%	5	%
Average Loans (in billions) (1)	$	66.4		$	66.1		$	65.7		$	64.1		$	63.2		(1	)%	(5	)%
EOP Loans (in billions) (1)	$	67.3		$	66.5		$	67.5		$	63.5		$	64.5		2	%	(4	)%
Average Yield (2)	10.31		%	10.38		%	10.35		%	10.48		%	10.39		%
Net Interest Revenue (3)	$	1,635		$	1,681		$	1,679		$	1,607		$	1,582		(2	)%	(3	)%
As a % of Avg. Loans (3)	9.88		%	10.09		%	10.14		%	10.17		%	10.04		%
Net Credit Losses	$	570		$	526		$	514		$	492		$	503		2	%	(12	)%
As a % of Average Loans	3.44		%	3.16		%	3.10		%	3.11		%	3.19		%
Net Credit Margin (4)	$	1,454		$	1,588		$	1,605		$	1,513		$	1,426		(6	)%	(2	)%
As a % of Avg. Loans (4)	8.78		%	9.53		%	9.69		%	9.57		%	9.05		%
Loans 90+ Days Past Due	$	583		$	559		$	593		$	569		$	495		(13	)%	(15	)%
As a % of EOP Loans	0.87		%	0.84		%	0.88		%	0.90		%	0.77		%
Loans 30-89 Days Past Due	$	540		$	566		$	568		$	497		$	462		(7	)%	(14	)%
As a % of EOP Loans	0.80		%	0.85		%	0.84		%	0.78		%	0.72		%
Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	88.8			87.2			88.1			87.3			88.1			1	%	(1	)%
Purchase Sales (in billions)	$	20.4		$	19.7		$	23.5		$	16.5		$	20.2		22	%	(1	)%
Average Loans (in billions) (1)	$	42.4		$	42.9		$	43.9		$	43.9		$	42.6		(3	)%	—
EOP Loans (in billions) (1)	$	43.1		$	43.0		$	46.5		$	42.4		$	43.2		2	%	—
Average Yield (2)	16.89		%	16.89		%	16.80		%	16.96		%	17.00		%
Net Interest Revenue (3)	$	1,810		$	1,884		$	1,923		$	1,885		$	1,843		(2	)%	2	%
As a % of Avg. Loans (3)	17.12		%	17.42		%	17.38		%	17.41		%	17.35		%
Net Credit Losses	$	465		$	457		$	463		$	433		$	457		6	%	(2	)%
As a % of Average Loans	4.40		%	4.23		%	4.18		%	4.00		%	4.30		%
Net Credit Margin (4)	$	1,111		$	1,181		$	1,139		$	1,198		$	1,120		(7	)%	1	%
As a % of Avg. Loans (4)	10.51		%	10.92		%	10.29		%	11.07		%	10.55		%
Loans 90+ Days Past Due	$	606		$	630		$	678		$	629		$	567		(10	)%	(6	)%
As a % of EOP Loans	1.41		%	1.47		%	1.46		%	1.48		%	1.31		%
Loans 30-89 Days Past Due	$	683		$	729		$	748		$	673		$	652		(3	)%	(5	)%
As a % of EOP Loans	1.58		%	1.70		%	1.61		%	1.59		%	1.51		%

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

(2)     Average yield is calculated as gross interest revenue earned divided by average loans.

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

(4)     Net credit margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

11

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GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 1

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	1,432		$	1,472		$	1,404		$	1,242		$	1,241		—		(13	)%	$	2,796		$	2,483		(11	)%
Non-Interest Revenue	704			700			665			593			607			2	%	(14	)%	1,423			1,200			(16	)%
Total Revenues, Net of Interest Expense	2,136			2,172			2,069			1,835			1,848			1	%	(13	)%	4,219			3,683			(13	)%
Total Operating Expenses	1,254			1,272			1,245			1,080			1,162			8	%	(7	)%	2,457			2,242			(9	)%
Net Credit Losses	454			460			511			417			392			(6	)%	(14	)%	890			809			(9	)%
Credit Reserve Build / (Release)	109			(4		)	(36		)	22			7			(68	)%	(94	)%	160			29			(82	)%
Provision for Unfunded Lending Commitments	1			(1		)	—			(3		)	3			NM		NM		—			—			—
Provision for Benefits and Claims	15			26			29			18			12			(33	)%	(20	)%	49			30			(39	)%
Provisions for Loan Losses and for Benefits and Claims (LLR & PBC)	579			481			504			454			414			(9	)%	(28	)%	1,099			868			(21	)%
Income from Continuing Operations before Taxes	303			419			320			301			272			(10	)%	(10	)%	663			573			(14	)%
Income Taxes	28			90			57			57			47			(18	)%	68	%	97			104			7	%
Income from Continuing Operations	275			329			263			244			225			(8	)%	(18	)%	566			469			(17	)%
Noncontrolling Interests	2			2			—			—			2			NM		—		4			2			(50	)%
Net Income	$	273		$	327		$	263		$	244		$	223		(9	)%	(18	)%	$	562		$	467		(17	)%
Average Assets (in billions of dollars)	$	77		$	76		$	73		$	68		$	66		(3	)%	(14	)%	$	77		$	67		(13	)%
Return on Average Assets (1)	1.42		%	1.71		%	1.43		%	1.46		%	1.36		%					1.49		%	1.41		%
Efficiency Ratio	59		%	59		%	60		%	59		%	63		%					58		%	61		%
Net Credit Losses as a % of Average Loans (1)	4.63		%	4.75		%	5.51		%	4.90		%	4.60		%					4.71		%	4.74		%
Revenue by Business
Retail Banking	$	1,431		$	1,452		$	1,375		$	1,251		$	1,269		1	%	(11	)%	$	2,851		$	2,520		(12	)%
Citi-Branded Cards	705			720			694			584			579			(1	)%	(18	)%	1,368			1,163			(15	)%
Total	$	2,136		$	2,172		$	2,069		$	1,835		$	1,848		1	%	(13	)%	$	4,219		$	3,683		(13	)%
Net Credit Losses by Business
Retail Banking	$	211		$	210		$	278		$	188		$	196		4	%	(7	)%	$	419		$	384		(8	)%
Citi-Branded Cards	243			250			233			229			196			(14	)%	(19	)%	471			425			(10	)%
Total	$	454		$	460		$	511		$	417		$	392		(6	)%	(14	)%	$	890		$	809		(9	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	206		$	189		$	141		$	154		$	143		(7	)%	(31	)%	$	410		$	297		(28	)%
Citi-Branded Cards	69			140			122			90			82			(9	)%	19	%	156			172			10	%
Total	$	275		$	329		$	263		$	244		$	225		(8	)%	(18	)%	$	566		$	469		(17	)%
FX Translation Impact:
Total Revenue - as Reported	$	2,136		$	2,172		$	2,069		$	1,835		$	1,848		1	%	(13	)%	$	4,219		$	3,683		(13	)%
Impact of FX Translation (1)	(341		)	(305		)	(191		)	(48		)	—							(596		)	—
Total Revenues - Ex-FX (2)	$	1,795		$	1,867		$	1,878		$	1,787		$	1,848		3	%	3	%	$	3,623		$	3,683		2	%
Total Operating Expenses - as Reported	$	1,254		$	1,272		$	1,245		$	1,080		$	1,162		8	%	(7	)%	$	2,457		$	2,242		(9	)%
Impact of FX Translation (1)	(180		)	(165		)	(104		)	(24		)	—							(312		)	—
Total Operating Expenses - Ex-FX (2)	$	1,074		$	1,107		$	1,141		$	1,056		$	1,162		10	%	8	%	$	2,145		$	2,242		5	%
Provisions for LLR & PBC - as Reported	$	579		$	481		$	504		$	454		$	414		(9	)%	(28	)%	$	1,099		$	868		(21	)%
Impact of FX Translation (1)	(100		)	(76		)	(52		)	(13		)	—							(169		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	479		$	405		$	452		$	441		$	414		(6	)%	(14	)%	$	930		$	868		(7	)%
Net Income - as Reported	$	273		$	327		$	263		$	244		$	223		(9	)%	(18	)%	$	562		$	467		(17	)%
Impact of FX Translation (1)	(38		)	(37		)	(19		)	(7		)	—							(62		)	—
Net Income - Ex-FX (2)	$	235		$	290		$	244		$	237		$	223		(6	)%	(5	)%	$	500		$	467		(7	)%

(1)Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the second quarter of 2015 average exchange rates for all periods presented.

(2)Presentation of this metric excluding FX translation is a non-GAAP financial measure.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

12

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GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	1,836			1,843			1,744			1,700			1,699			—		(7	)%
Accounts (in millions)	31.3			30.8			30.6			30.5			30.7			1	%	(2	)%
Average Deposits	$	45.2		$	45.0		$	43.9		$	42.2		$	41.7		(1	)%	(8	)%
Investment Sales	$	13.0		$	14.9		$	11.9		$	11.0		$	10.0		(9	)%	(23	)%
Investment AUMs	$	75.6		$	74.3		$	68.8		$	65.9		$	66.2		—		(12	)%
Average Loans	$	29.0		$	28.5		$	27.2		$	25.7		$	25.7		—		(11	)%
EOP Loans:
Real Estate Lending	$	5.8		$	5.5		$	5.0		$	4.9		$	4.8		(2	)%	(17	)%
Commercial Markets	12.7			12.1			11.3			11.0			11.2			2	%	(12	)%
Personal and Other	10.7			10.6			9.9			9.7			9.7			—		(9	)%
Total EOP Loans	$	29.2		$	28.2		$	26.2		$	25.6		$	25.7		—		(12	)%
Net Interest Revenue (in millions) (1)	$	909		$	929		$	895		$	815		$	813		—		(11	)%
As a % of Average Loans (1)	12.57		%	12.93		%	13.05		%	12.86		%	12.69		%
Net Credit Losses (in millions)	$	211		$	210		$	278		$	188		$	196		4	%	(7	)%
As a % of Average Loans	2.92		%	2.92		%	4.05		%	2.97		%	3.06		%
Loans 90+ Days Past Due (in millions) (2)	$	540		$	515		$	397		$	306		$	296		(3	)%	(45	)%
As a % of EOP Loans (2)	1.85		%	1.83		%	1.52		%	1.20		%	1.15		%
Loans 30-89 Days Past Due (in millions)	$	344		$	302		$	290		$	282		$	266		(6	)%	(23	)%
As a % of EOP Loans	1.18		%	1.07		%	1.11		%	1.10		%	1.04		%
Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	8.2			8.2			8.1			8.1			8.0			(1	)%	(2	)%
Purchase Sales (in billions)	$	7.4		$	7.4		$	7.6		$	6.4		$	6.5		2	%	(12	)%
Average Loans (in billions) (3)	$	10.3		$	9.9		$	9.6		$	8.8		$	8.5		(3	)%	(17	)%
EOP Loans (in billions) (3)	$	10.1		$	9.8		$	9.3		$	8.5		$	8.3		(2	)%	(18	)%
Average Yield (4)	20.90		%	21.14		%	20.73		%	20.10		%	20.72		%	3	%	(1	)%
Net Interest Revenue (in millions) (5)	$	523		$	543		$	509		$	427		$	428		—		(18	)%
As a % of Average Loans (5)	20.37		%	21.76		%	21.04		%	19.68		%	20.20		%
Net Credit Losses (in millions)	$	243		$	250		$	233		$	229		$	196		(14	)%	(19	)%
As a % of Average Loans	9.46		%	10.02		%	9.63		%	10.55		%	9.25		%
Net Credit Margin (in millions) (6)	$	462		$	470		$	461		$	355		$	383		8	%	(17	)%
As a % of Average Loans (6)	17.99		%	18.84		%	19.05		%	16.36		%	18.07		%
Loans 90+ Days Past Due (in millions)	$	303		$	294		$	284		$	240		$	245		2	%	(19	)%
As a % of EOP Loans	3.00		%	3.00		%	3.05		%	2.82		%	2.95		%
Loans 30-89 Days Past Due (in millions)	$	326		$	322		$	262		$	247		$	229		(7	)%	(30	)%
As a % of EOP Loans	3.23		%	3.29		%	2.82		%	2.91		%	2.76		%

(1)   Also includes net interest revenue related to the region’s deposit balances in excess of the average loan portfolio.

(2)See footnote 3 on page 8.

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

(4)Average yield is gross interest revenue earned divided by average loans.

(5)Net interest revenue includes certain fees that are recorded as interest revenue.

(6)Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

13

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	1,290		$	1,285		$	1,224		$	1,154		$	1,171		1	%	(9	)%	$	2,540		$	2,325		(8	)%
Non-Interest Revenue	731			748			639			679			707			4	%	(3	)%	1,452			1,386			(5	)%
Total Revenues, Net of Interest Expense	2,021			2,033			1,863			1,833			1,878			2	%	(7	)%	3,992			3,711			(7	)%
Total Operating Expenses	1,517			1,292			1,233			1,180			1,189			1	%	(22	)%	2,746			2,369			(14	)%
Net Credit Losses	212			201			186			173			187			8	%	(12	)%	406			360			(11	)%
Credit Reserve Build / (Release)	(14		)	(34		)	15			(35		)	(1		)	97	%	93	%	(7		)	(36		)	NM
Provision for Unfunded Lending Commitments	(5		)	(1		)	(4		)	1			(4		)	NM		20	%	(9		)	(3		)	67	%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Loan Losses and for Benefits and Claims (LLR & PBC)	193			166			197			139			182			31	%	(6	)%	390			321			(18	)%
Income from Continuing Operations before Taxes	311			575			433			514			507			(1	)%	63	%	856			1,021			19	%
Income Taxes	97			193			145			173			169			(2	)%	74	%	277			342			23	%
Income from Continuing Operations	214			382			288			341			338			(1	)%	58	%	579			679			17	%
Noncontrolling Interests	5			7			3			(5		)	4			NM		(20	)%	10			(1		)	NM
Net Income	$	209		$	375		$	285		$	346		$	334		(3	)%	60	%	$	569		$	680		20	%
Average Assets (in billions of dollars)	$	123		$	123		$	120		$	118		$	122		3	%	(1	)%	$	122		$	120		(2	)%
Return on Average Assets	0.68		%	1.21		%	0.94		%	1.19		%	1.10		%					0.94		%	1.14		%
Efficiency Ratio	75		%	64		%	66		%	64		%	63		%					69		%	64		%
Net Credit Losses as a % of Average Loans	0.87		%	0.81		%	0.77		%	0.75		%	0.80		%					0.85		%	0.78		%
Revenue by Business
Retail Banking	$	1,237		$	1,252		$	1,152		$	1,175		$	1,200		2	%	(3	)%	$	2,462		$	2,375		(4	)%
Citi-Branded Cards	784			781			711			658			678			3	%	(14	)%	1,530			1,336			(13	)%
Total	$	2,021		$	2,033		$	1,863		$	1,833		$	1,878		2	%	(7	)%	$	3,992		$	3,711		(7	)%
Net Credit Losses by Business
Retail Banking	$	83		$	79		$	74		$	70		$	79		13	%	(5	)%	$	163		$	149		(9	)%
Citi-Branded Cards	129			122			112			103			108			5	%	(16	)%	243			211			(13	)%
Total	$	212		$	201		$	186		$	173		$	187		8	%	(12	)%	$	406		$	360		(11	)%
Income from Continuing Operations by Business
Retail Banking	$	61		$	240		$	187		$	223		$	223		—		NM		$	265		$	446		68	%
Citi-Branded Cards	153			142			101			118			115			(3	)%	(25	)%	314			233			(26	)%
Total	$	214		$	382		$	288		$	341		$	338		(1	)%	58	%	$	579		$	679		17	%
FX Translation Impact:
Total Revenue - as Reported	$	2,021		$	2,033		$	1,863		$	1,833		$	1,878		2	%	(7	)%	$	3,992		$	3,711		(7	)%
Impact of FX Translation (2)	(144		)	(124		)	(50		)	5			—							(261		)	—
Total Revenues - Ex-FX (3)	$	1,877		$	1,909		$	1,813		$	1,838		$	1,878		2	%	—		$	3,731		$	3,711		(1	)%
Total Operating Expenses - as Reported	$	1,517		$	1,292		$	1,233		$	1,180		$	1,189		1	%	(22	)%	$	2,746		$	2,369		(14	)%
Impact of FX Translation (2)	(116		)	(86		)	(34		)	4			—							(197		)	—
Total Operating Expenses - Ex-FX (3)	$	1,401		$	1,206		$	1,199		$	1,184		$	1,189		—		(15	)%	$	2,549		$	2,369		(7	)%
Provisions for LLR & PBC - as Reported	$	193		$	166		$	197		$	139		$	182		31	%	(6	)%	$	390		$	321		(18	)%
Impact of FX Translation (2)	(24		)	(18		)	(9		)	1			—							(41		)	—
Provisions for LLR & PBC - Ex-FX (3)	$	169		$	148		$	188		$	140		$	182		30	%	8	%	$	349		$	321		(8	)%
Net Income - as Reported	$	209		$	375		$	285		$	346		$	334		(3	)%	60	%	$	569		$	680		20	%
Impact of FX Translation (2)	2			(10		)	1			—			—							(3		)	—
Net Income - Ex-FX (3)	$	211		$	365		$	286		$	346		$	334		(3	)%	58	%	$	566		$	680		20	%

(1)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2)Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the second quarter of 2015 average exchange rates for all periods presented.

(3)Presentation of this metric excluding FX translation is a non-GAAP financial measure.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

14

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	559			546			536			539			537			—		(4	)%
Accounts (in millions)	17.9			17.6			17.5			17.4			17.5			1	%	(2	)%
Average Deposits	$	91.3		$	91.0		$	88.2		$	88.4		$	89.5		1	%	(2	)%
Investment Sales	$	9.5		$	11.0		$	7.9		$	11.0		$	13.0		18	%	37	%
Investment AUMs	$	58.7		$	58.1		$	58.3		$	58.9		$	60.2		2	%	3	%
Average Loans	$	78.7		$	78.8		$	77.1		$	75.1		$	75.1		—		(5	)%
EOP Loans:
Real Estate Lending	$	38.9		$	38.4		$	38.0		$	36.8		$	36.7		—		(6	)%
Commercial Markets	20.9			20.4			19.2			18.7			18.9			1	%	(10	)%
Personal and Other	19.7			19.4			19.0			19.0			19.7			4	%	—
Total EOP Loans	$	79.5		$	78.2		$	76.2		$	74.5		$	75.3		1	%	(5	)%
Net Interest Revenue (in millions) (2)	$	756		$	756		$	726		$	687		$	696		1	%	(8	)%
As a % of Average Loans (2)	3.85		%	3.81		%	3.74		%	3.71		%	3.72		%
Net Credit Losses (in millions)	$	83		$	79		$	74		$	70		$	79		13	%	(5	)%
As a % of Average Loans	0.42		%	0.40		%	0.38		%	0.38		%	0.42		%
Loans 90+ Days Past Due (in millions)	$	222		$	220		$	194		$	188		$	190		1	%	(14	)%
As a % of EOP Loans	0.28		%	0.28		%	0.25		%	0.25		%	0.25		%
Loans 30-89 Days Past Due (in millions)	$	418		$	397		$	352		$	360		$	355		(1	)%	(15	)%
As a % of EOP Loans	0.53		%	0.51		%	0.46		%	0.48		%	0.47		%
Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	17.1			17.2			17.2			17.2			17.3			1	%	1	%
Purchase Sales (in billions)	$	20.1		$	20.2		$	20.5		$	18.7		$	19.2		3	%	(4	)%
Average Loans (in billions) (3)	$	19.2		$	19.1		$	18.6		$	18.0		$	18.1		1	%	(6	)%
EOP Loans (in billions) (3)	$	19.6		$	18.8		$	18.6		$	17.8		$	18.1		2	%	(8	)%
Average Yield (4)	13.15		%	13.06		%	12.79		%	12.62		%	12.51		%
Net Interest Revenue (in millions) (5)	$	534		$	529		$	498		$	467		$	475		2	%	(11	)%
As a % of Average Loans (6)	11.16		%	10.99		%	10.62		%	10.52		%	10.53		%
Net Credit Losses (in millions)	$	129		$	122		$	112		$	103		$	108		5	%	(16	)%
As a % of Average Loans	2.69		%	2.53		%	2.39		%	2.32		%	2.39		%
Net Credit Margin (in millions) (6)	$	655		$	659		$	599		$	555		$	570		3	%	(13	)%
As a % of Average Loans (6)	13.68		%	13.69		%	12.78		%	12.50		%	12.63		%
Loans 90+ Days Past Due	$	223		$	207		$	195		$	190		$	191		1	%	(14	)%
As a % of EOP Loans	1.14		%	1.10		%	1.05		%	1.07		%	1.06		%
Loans 30-89 Days Past Due	$	301		$	277		$	256		$	249		$	247		(1	)%	(18	)%
As a % of EOP Loans	1.54		%	1.47		%	1.38		%	1.40		%	1.36		%

(1)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2)Also includes net interest revenue related to the region’s deposit balances in excess of the average loan portfolio.

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

(4)Average yield is gross interest revenue earned divided by average loans.

(5)Net interest revenue includes certain fees that are recorded as interest revenue.

(6)Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

15

CITICORP

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Commissions and Fees	$	992		$	1,015		$	974		$	995		$	986		(1	)%	(1	)%	2,006			1,981			(1	)%
Administration and Other Fiduciary Fees	651			626			619			608			658			8	%	1	%	1,275			1,266			(1	)%
Investment Banking	1,257			1,047			1,008			1,134			1,120			(1	)%	(11	)%	2,214			2,254			2	%
Principal Transactions	1,577			1,396			329			2,198			1,797			(18	)%	14	%	4,180			3,995			(4	)%
Other	104			241			177			249			166			(33	)%	60	%	243			415			71	%
Total Non-Interest Revenue	4,581			4,325			3,107			5,184			4,727			(9	)%	3	%	9,918			9,911			—
Net Interest Revenue (including Dividends)	3,821			4,011			4,053			3,844			4,151			8	%	9	%	7,638			7,995			5	%
Total Revenues, Net of Interest Expense	8,402			8,336			7,160			9,028			8,878			(2	)%	6	%	17,556			17,906			2	%
Total Operating Expenses	4,743			4,912			4,878			4,632			4,821			4	%	2	%	9,601			9,453			(2	)%
Net Credit Losses	9			12			121			(2		)	83			NM		NM		143			81			(43	)%
Credit Reserve Build / (Release)	(96		)	(8		)	101			107			(132		)	NM		(38	)%	(183		)	(25		)	86	%
Provision for Unfunded Lending Commitments	(25		)	(25		)	(59		)	(31		)	(46		)	(48	)%	(84	)%	(45		)	(77		)	(71	)%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	(112		)	(21		)	163			74			(95		)	NM		15	%	(85		)	(21		)	75	%
Income from Continuing Operations before Taxes	3,771			3,445			2,119			4,322			4,152			(4	)%	10	%	8,040			8,474			5	%
Income Taxes	1,205			1,102			442			1,358			1,317			(3	)%	9	%	2,526			2,675			6	%
Income from Continuing Operations	2,566			2,343			1,677			2,964			2,835			(4	)%	10	%	5,514			5,799			5	%
Noncontrolling Interests	19			42			31			36			15			(58	)%	(21	)%	45			51			13	%
Net Income	$	2,547		$	2,301		$	1,646		$	2,928		$	2,820		(4	)%	11	%	$	5,469		$	5,748		5	%
Average Assets (in billions of dollars)	$	1,290		$	1,279		$	1,298		$	1,274		$	1,278		—		(1	)%	$	1,286		$	1,276		(1	)%
Return on Average Assets	0.79		%	0.71		%	0.50		%	0.93		%	0.89		%					0.86		%	0.91		%
Return on Average Assets (Excluding CVA/DVA) (1)(2)	0.80		%	0.77		%	0.50		%	0.95		%	0.83		%					0.86		%	0.89		%
Efficiency Ratio	56		%	59		%	68		%	51		%	54		%					55		%	53		%
Revenue by Region - Excluding CVA/DVA (2)
North America	$	3,184		$	3,202		$	2,393		$	3,230		$	3,141		(3	)%	(1	)%	$	6,746		$	6,371		(6	)%
EMEA	2,415			2,529			2,069			2,869			2,413			(16	)%	—		5,167			5,282			2	%
Latin America	1,158			1,037			982			1,074			1,095			2	%	(5	)%	2,261			2,169			(4	)%
Asia	1,677			1,884			1,704			1,924			1,926			—		15	%	3,421			3,850			13	%
Total	$	8,434		$	8,652		$	7,148		$	9,097		$	8,575		(6	)%	2	%	$	17,595		$	17,672		—
CVA/DVA {excluded as applicable in lines above}	(32		)	(316		)	12			(69		)	303			NM		NM		(39		)	234			NM
Total Revenues, net of Interest Expense	$	8,402		$	8,336		$	7,160		$	9,028		$	8,878		(2	)%	6	%	$	17,556		$	17,906		2	%
Income from Continuing Operations by Region - Excluding CVA/DVA (2)
North America	$	1,114		$	910		$	616		$	968		$	888		(8	)%	(20	)%	$	2,419		$	1,856		(23	)%
EMEA	561			647			242			925			602			(35	)%	7	%	1,341			1,527			14	%
Latin America	433			308			280			419			460			10	%	6	%	774			879			14	%
Asia	478			672			532			696			695			—		45	%	1,004			1,391			39	%
Total	$	2,586		$	2,537		$	1,670		$	3,008		$	2,645		(12	)%	2	%	$	5,538		$	5,653		2	%
CVA/DVA (after-tax) {excluded as applicable in lines above}	(20		)	(194		)	7			(44		)	190			NM		NM		(24		)	146			NM
Income from Continuing Operations	$	2,566		$	2,343		$	1,677		$	2,964		$	2,835		(4	)%	10	%	$	5,514		$	5,799		5	%
Average Loans by Region (in billions)
North America	$	109		$	111		115			$	119		$	122		3	%	12	%	$	108		$	119		10	%
EMEA	59			58			57			57			60			5	%	2	%	58			59			2	%
Latin America	41			40			39			38			39			3	%	(5	)%	41			39			(5	)%
Asia	70			69			66			62			63			2	%	(10	)%	69			63			(9	)%
Total	$	279		$	278		$	277		$	276		$	284		3	%	2	%	$	276		$	280		1	%
EOP Deposits by Region (in billions)
North America	$	176		$	177		$	192		$	196		$	198		1	%	13	%
EMEA	186			180			165			167			177			6	%	(5	)%
Latin America	65			62			56			60			63			5	%	(3	)%
Asia	145			144			142			148			150			1	%	3	%
Total	$	572		$	563		$	555		$	571		$	588		3	%	3	%
EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	384		$	381		$	380		$	387		$	398		3	%	4	%
All Other ICG Businesses	188			182			175			184			190			3	%	1	%
Total	$	572		$	563		$	555		$	571		$	588		3	%	3	%

(1)Return on Average Assets excluding CVA/DVA is defined as annualized net income less CVA/DVA, divided by average assets.  See above for the after-tax CVA/DVA for each period presented.

(2)Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

16

CITICORP

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Revenue Details - Excluding CVA/DVA:
Investment Banking:
Advisory	$	193		$	318		$	263		$	298		$	258		(13	)%	34	%	$	368		$	556		51	%
Equity Underwriting	397			298			252			231			296			28	%	(25	)%	696			527			(24	)%
Debt Underwriting	749			633			551			669			729			9	%	(3	)%	1,328			1,398			5	%
Total Investment Banking	1,339			1,249			1,066			1,198			1,283			7	%	(4	)%	2,392			2,481			4	%
Treasury and Trade Solutions	1,980			1,934			1,932			1,889			1,955			3	%	(1	)%	3,901			3,844			(1	)%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	456			444			433			445			445			—		(2	)%	872			890			2	%
Private Bank	658			664			668			708			746			5	%	13	%	1,328			1,454			9	%
Total Banking Revenues (Ex-CVA/DVA and Gain/(Loss) on Loan Hedges) (1)	$	4,433		$	4,291		$	4,099		$	4,240		$	4,429		4	%	—		$	8,493		$	8,669		2	%
Corporate Lending — Gain/(Loss) on Loan Hedges (2)	(44		)	91			86			52			(66		)	NM		(50	)%	(61		)	(14		)	77	%
Total Banking Revenues (Ex-CVA/DVA) and including G(L) on Loan Hedges (1)	$	4,389		$	4,382		$	4,185		$	4,292		$	4,363		2	%	(1	)%	$	8,432		$	8,655		3	%
Fixed Income Markets	3,080			3,064			2,075			3,483			3,062			(12	)%	(1	)%	7,009			6,545			(7	)%
Equity Markets	659			763			470			873			653			(25	)%	(1	)%	1,541			1,526			(1	)%
Securities Services	521			534			508			543			557			3	%	7	%	1,006			1,100			9	%
Other	(215		)	(91		)	(90		)	(94		)	(60		)	36	%	72	%	(393		)	(154		)	61	%
Total Markets and Securities Services (Ex-CVA/DVA) (1)	$	4,045		$	4,270		$	2,963		$	4,805		$	4,212		(12	)%	4	%	$	9,163		$	9,017		(2	)%
Total ICG (Ex-CVA/DVA) (1)	$	8,434		$	8,652		$	7,148		$	9,097		$	8,575		(6	)%	2	%	$	17,595		$	17,672		—
CVA/DVA {excluded as applicable in lines above}	(32		)	(316		)	12			(69		)	303			NM		NM		(39		)	234			NM
Total Revenues, net of Interest Expense	$	8,402		$	8,336		$	7,160		$	9,028		$	8,878		(2	)%	6	%	$	17,556		$	17,906		2	%
Taxable-equivalent adjustments (3)	$	169		$	170		$	171		$	164		$	161		(2	)%	(5	)%	$	338		$	325		(4	)%
Total ICG Revenues (Ex-CVA/DVA) and including Taxable-equivalent adjustments (1) (3)	$	8,603		$	8,822		$	7,319		$	9,261		$	8,736		(6	)%	2	%	$	17,933		$	17,997		—

(1)Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

(2)Hedges on accrual loans reflect the mark-to-market on credit derivatives used to economically hedge the corporate loan accrual portfolio.

The fixed premium costs of these hedges is netted against the core lending revenues to reflect the cost of credit protection.

(3)Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

17

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	(45	)	$	(63	)	$	(81	)	$	(28	)	$	(22	)	21	%	51	%	$	(80	)	$	(50	)	38	%
Non-Interest Revenue	134			145			(12		)	240			392			63	%	NM		392			632			61	%
Total Revenues, Net of Interest Expense	89			82			(93		)	212			370			75	%	NM		312			582			87	%
Total Operating Expenses	636			1,722			3,260			543			385			(29	)%	(39	)%	1,038			928			(11	)%
Net Credit Losses	—			—			—			—			—			—		—		—			—			—
Credit Reserve Build / (Release)	—			—			—			—			—			—		—		—			—			—
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provision for Unfunded Lending Commitments	—			—			—			—			—			—		—		—			—			—
Provisions for Loan Losses and for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Income from Continuing Operations before Taxes	(547		)	(1,640		)	(3,353		)	(331		)	(15		)	95	%	97	%	(726		)	(346		)	52	%
Income Taxes	(163		)	(103		)	(287		)	(312		)	(245		)	21	%	(50	)%	46			(557		)	NM
Income from Continuing Operations	(384		)	(1,537		)	(3,066		)	(19		)	230			NM		NM		(772		)	211			NM
Income (Loss) from Discontinued Operations, net of taxes	(22		)	(16		)	(1		)	(5		)	6			NM		NM		15			1			NM
Noncontrolling Interests	25			4			4			10			(2		)	NM		NM		35			8			(77	)%
Net Income (Loss)	$	(431	)	$	(1,557	)	$	(3,071	)	$	(34	)	$	238		NM		NM		$	(792	)	$	204		NM
EOP Assets (in billions of dollars)	$	55		$	53		$	50		$	52		$	52		—		(5	)%
Average Assets (in billions of dollars)	$	56		$	63		$	64		$	60		$	50		(17	)%	(11	)%	$	52		$	55		6	%

(1)Includes certain costs of global staff functions, other corporate expenses and certain global operations and technology expenses, Corporate Treasury, and Discontinued operations.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

18

CITICORP

NORTH AMERICA (1)

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	5,616		$	5,916		$	6,046		$	5,922		$	6,029		2	%	7	%	$	11,271		$	11,951		6	%
Non-Interest Revenue	2,325			2,299			1,507			2,375			2,079			(12	)%	(11	)%	5,021			4,454			(11	)%
Total Revenues, Net of Interest Expense	7,941			8,215			7,553			8,297			8,108			(2	)%	2	%	16,292			16,405			1	%
Total Operating Expenses	4,039			4,313			4,267			4,121			4,123			—		2	%	8,298			8,244			(1	)%
Net Credit Losses	1,085			1,013			1,023			962			1,003			4	%	(8	)%	2,179			1,965			(10	)%
Credit Reserve Build / (Release)	(490		)	(316		)	(87		)	8			(19		)	NM		96	%	(808		)	(11		)	99	%
Provision Unfunded Lending Commitments	(19		)	(23		)	(81		)	(23		)	(36		)	(57	)%	(89	)%	(33		)	(59		)	(79	)%
Provision for Benefits and Claims	11			12			10			10			9			(10	)%	(18	)%	18			19			6	%
Provisions for Credit Losses and for Benefits and Claims	587			686			865			957			957			—		63	%	1,356			1,914			41	%
Income from Continuing Operations before Taxes	3,315			3,216			2,421			3,219			3,028			(6	)%	(9	)%	6,638			6,247			(6	)%
Income Taxes	1,145			1,113			629			1,064			983			(8	)%	(14	)%	2,145			2,047			(5	)%
Income from Continuing Operations	2,170			2,103			1,792			2,155			2,045			(5	)%	(6	)%	4,493			4,200			(7	)%
Noncontrolling Interests	(5		)	23			15			10			5			(50	)%	NM		(1		)	15			NM
Net Income	$	2,175		$	2,080		$	1,777		$	2,145		$	2,040		(5	)%	(6	)%	$	4,494		$	4,185		(7	)%
Average Assets (in billions of dollars)	$	841		$	871		$	894		$	885		$	876		(1	)%	4	%	$	846		$	880		4	%
Return on Average Assets	1.04		%	0.95		%	0.79		%	0.98		%	0.93		%					1.07		%	0.96		%
Efficiency Ratio	51		%	53		%	56		%	50		%	51		%					51		%	50		%
Revenue by Business
Retail Banking	$	1,177		$	1,232		$	1,364		$	1,348		$	1,307		(3	)%	11	%	$	2,321		$	2,655		14	%
Citi-Branded Cards	2,029			2,118			2,122			2,009			1,933			(4	)%	(5	)%	4,050			3,942			(3	)%
Citi Retail Services	1,581			1,646			1,610			1,637			1,583			(3	)%	—		3,206			3,220			—
Global Consumer Banking	4,787			4,996			5,096			4,994			4,823			(3	)%	1	%	9,577			9,817			3	%
Institutional Clients Group	3,154			3,219			2,457			3,303			3,285			(1	)%	4	%	6,715			6,588			(2	)%
Total	$	7,941		$	8,215		$	7,553		$	8,297		$	8,108		(2	)%	2	%	$	16,292		$	16,405		1	%
CVA/DVA {included as applicable in businesses above}	(30		)	17			64			73			144			97	%	NM		(31		)	217			NM
Total Revenues - Excluding CVA/DVA (2)	$	7,971		$	8,198		$	7,489		$	8,224		$	7,964		(3	)%	—		$	16,323		$	16,188		(1	)%
Income (loss) from Continuing Operations by Business
Retail Banking	$	90		$	107		$	140		$	197		$	189		(4	)%	NM		$	108		$	386		NM
Citi-Branded Cards	555			636			636			539			499			(7	)%	(10	)%	1,119			1,038			(7	)%
Citi Retail Services	429			440			361			404			379			(6	)%	(12	)%	865			783			(9	)%
Global Consumer Banking	1,074			1,183			1,137			1,140			1,067			(6	)%	(1	)%	2,092			2,207			5	%
Institutional Clients Group	1,096			920			655			1,015			978			(4	)%	(11	)%	2,401			1,993			(17	)%
Total	$	2,170		$	2,103		$	1,792		$	2,155		$	2,045		(5	)%	(6	)%	$	4,493		$	4,200		(7	)%
CVA/DVA {included as applicable in businesses above}	(18		)	10			39			47			90			91	%	NM		(19		)	137			NM
Income (loss) from Continuing Operations - Excluding CVA/DVA (2)	$	2,188		$	2,093		$	1,753		$	2,108		$	1,955		(7	)%	(11	)%	$	4,512		$	4,063		(10	)%

(1)Regional results do not include Corporate/Other.  See page 18 for Corporate/Other results.

(2)Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

19

CITICORP

EMEA (1)

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	1,063		$	1,033		$	1,046		$	916		$	1,018		11	%	(4	)%	$	2,068		$	1,934		(6	)%
Non-Interest Revenue	1,674			1,516			1,252			2,089			1,779			(15	)%	6	%	3,737			3,868			4	%
Total Revenues, Net of Interest Expense	2,737			2,549			2,298			3,005			2,797			(7	)%	2	%	5,805			5,802			—
Total Operating Expenses	1,861			1,875			1,948			1,700			1,803			6	%	(3	)%	3,765			3,503			(7	)%
Net Credit Losses	22			23			15			12			30			NM		36	%	31			42			35	%
Credit Reserve Build / (Release)	(41		)	(84		)	35			(9		)	(62		)	NM		(51	)%	(85		)	(71		)	16	%
Provision Unfunded Lending Commitments	(4		)	(2		)	1			(1		)	(1		)	—		75	%	(8		)	(2		)	75	%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	(23		)	(63		)	51			2			(33		)	NM		(43	)%	(62		)	(31		)	50	%
Income from Continuing Operations before Taxes	899			737			299			1,303			1,027			(21	)%	14	%	2,102			2,330			11	%
Income Taxes	317			262			96			444			340			(23	)%	7	%	716			784			9	%
Income from Continuing Operations	582			475			203			859			687			(20	)%	18	%	1,386			1,546			12	%
Noncontrolling Interests	27			25			18			22			13			(41	)%	(52	)%	53			35			(34	)%
Net Income	$	555		$	450		$	185		$	837		$	674		(19	)%	21	%	$	1,333		$	1,511		13	%
Average Assets (in billions of dollars)	$	356		$	330		$	335		$	323		$	337		4	%	(5	)%	$	350		$	330		(6	)%
Return on Average Assets	0.63		%	0.54		%	0.22		%	1.05		%	0.80		%					0.77		%	0.92		%
Efficiency Ratio	68		%	74		%	85		%	57		%	64		%					65		%	60		%
Revenue by Business
Retail Banking	$	201		$	190		$	175		$	159		$	162		2	%	(19	)%	$	395		$	321		(19	)%
Citi-Branded Cards	106			107			85			83			92			11	%	(13	)%	209			175			(16	)%
Global Consumer Banking	307			297			260			242			254			5	%	(17	)%	604			496			(18	)%
Institutional Clients Group	2,430			2,252			2,038			2,763			2,543			(8	)%	5	%	5,201			5,306			2	%
Total	$	2,737		$	2,549		$	2,298		$	3,005		$	2,797		(7	)%	2	%	$	5,805		$	5,802		—
CVA/DVA {included as applicable in businesses above}	15			(277		)	(31		)	(106		)	130			NM		NM		34			24			(29	)%
Total Revenues - Excluding CVA/DVA (2)	$	2,722		$	2,826		$	2,329		$	3,111		$	2,667		(14	)%	(2	)%	$	5,771		$	5,778		—
Income (loss) from Continuing Operations by Business
Retail Banking	$	8		$	(7	)	$	(4	)	$	(7	)	$	(9	)	(29	)%	NM		$	4		$	(16	)	NM
Citi-Branded Cards	4			5			(16		)	9			12			33	%	NM		20			21			5	%
Global Consumer Banking	12			(2		)	(20		)	2			3			50	%	(75	)%	$	24		$	5		(79	)%
Institutional Clients Group	570			477			223			857			684			(20	)%	20	%	1,362			1,541			13	%
Total	$	582		$	475		$	203		$	859		$	687		(20	)%	18	%	$	1,386		$	1,546		12	%
CVA/DVA {included as applicable in businesses above}	9			(170		)	(19		)	(68		)	82			NM		NM		21			14			(33	)%
Income (loss) from Continuing Operations - Excluding CVA/DVA (2)	$	573		$	645		$	222		$	927		$	605		(35	)%	6	%	$	1,365		$	1,532		12	%

(1)Regional results do not include Corporate/Other.  See page 18 for Corporate/Other results.

(2)Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

20

CITICORP

LATIN AMERICA (1)

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	2,128		$	2,182		$	2,170		$	1,943		$	1,987		2	%	(7	)%	$	4,225		$	3,930		(7	)%
Non-Interest Revenue	1,157			1,004			870			957			972			2	%	(16	)%	2,244			1,929			(14	)%
Total Revenues, Net of Interest Expense	3,285			3,186			3,040			2,900			2,959			2	%	(10	)%	6,469			5,859			(9	)%
Total Operating Expenses	1,736			1,765			1,733			1,506			1,630			8	%	(6	)%	3,396			3,136			(8	)%
Net Credit Losses	448			477			613			419			463			11	%	3	%	1,030			882			(14	)%
Credit Reserve Build / (Release)	168			70			(63		)	49			(111		)	NM		NM		221			(62		)	NM
Provision Unfunded Lending Commitments	1			(1		)	10			(10		)	(6		)	40	%	NM		—			(16		)	NM
Provision for Benefits and Claims	15			26			29			18			12			(33	)%	(20	)%	49			30			(39	)%
Provisions for Credit Losses and for Benefits and Claims	632			572			589			476			358			(25	)%	(43	)%	1,300			834			(36	)%
Income from Continuing Operations before Taxes	917			849			718			918			971			6	%	6	%	1,773			1,889			7	%
Income Taxes	215			226			182			261			276			6	%	28	%	440			537			22	%
Income from Continuing Operations	702			623			536			657			695			6	%	(1	)%	1,333			1,352			1	%
Noncontrolling Interests	2			2			—			—			2			NM		—		4			2			(50	)%
Net Income	$	700		$	621		$	536		$	657		$	693		5	%	(1	)%	$	1,329		$	1,350		2	%
Average Assets (in billions of dollars)	$	174		$	168		$	161		$	155		$	153		(1	)%	(12	)%	$	174		$	154		(11	)%
Return on Average Assets	1.61		%	1.47		%	1.32		%	1.72		%	1.82		%					1.55		%	1.77		%
Efficiency Ratio	53		%	55		%	57		%	52		%	55		%					52		%	54		%
Revenue by Business
Retail Banking	$	1,431		$	1,452		$	1,375		$	1,251		$	1,269		1	%	(11	)%	$	2,851		$	2,520		(12	)%
Citi-Branded Cards	705			720			694			584			579			(1	)%	(18	)%	1,368			1,163			(15	)%
Global Consumer Banking	2,136			2,172			2,069			1,835			1,848			1	%	(13	)%	$	4,219		$	3,683		(13	)%
Institutional Clients Group	1,149			1,014			971			1,065			1,111			4	%	(3	)%	2,250			2,176			(3	)%
Total	$	3,285		$	3,186		$	3,040		$	2,900		$	2,959		2	%	(10	)%	$	6,469		$	5,859		(9	)%
CVA/DVA {included as applicable in businesses above}	(9		)	(23		)	(11		)	(9		)	16			NM		NM		(11		)	7			NM
Total Revenues - Excluding CVA/DVA (2)	$	3,294		$	3,209		$	3,051		$	2,909		$	2,943		1	%	(11	)%	$	6,480		$	5,852		(10	)%
Income from Continuing Operations by Business
Retail Banking	$	206		$	189		$	141		$	154		$	143		(7	)%	(31	)%	$	410		$	297		(28	)%
Citi-Branded Cards	69			140			122			90			82			(9	)%	19	%	156			172			10	%
Global Consumer Banking	275			329			263			244			225			(8	)%	(18	)%	$	566		$	469		(17	)%
Institutional Clients Group	427			294			273			413			470			14	%	10	%	767			883			15	%
Total	$	702		$	623		$	536		$	657		$	695		6	%	(1	)%	$	1,333		$	1,352		1	%
CVA/DVA {included as applicable in businesses above}	(6		)	(14		)	(7		)	(6		)	10			NM		NM		(7		)	4			NM
Income (loss) from Continuing Operations - Excluding CVA/DVA (2)	$	708		$	637		$	543		$	663		$	685		3	%	(3	)%	$	1,340		$	1,348		1	%

(1) Regional results do not include Corporate/Other.  See page 18 for Corporate/Other results.

(2) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

21

CITICORP

ASIA (1)

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Net Interest Revenue	$	1,947		$	2,000		$	1,861		$	1,764		$	1,809		3	%	(7	)%	$	3,808		$	3,573		(6	)%
Non-Interest Revenue	1,436			1,587			1,436			1,724			1,754			2	%	22	%	2,970			3,478			17	%
Total Revenues, Net of Interest Expense	3,383			3,587			3,297			3,488			3,563			2	%	5	%	6,778			7,051			4	%
Total Operating Expenses	2,227			1,934			1,915			1,857			1,883			1	%	(15	)%	4,133			3,740			(10	)%
Net Credit Losses	192			179			180			156			166			6	%	(14	)%	373			322			(14	)%
Credit Reserve Build / (Release)	(35		)	(57		)	(38		)	(54		)	(43		)	20	%	(23	)%	(26		)	(97		)	NM
Provision for Unfunded Lending Commitments	(6		)	(1		)	(4		)	2			(4		)	NM		33	%	(10		)	(2		)	80	%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	151			121			138			104			119			14	%	(21	)%	337			223			(34	)%
Income from Continuing Operations before Taxes	1,005			1,532			1,244			1,527			1,561			2	%	55	%	2,308			3,088			34	%
Income Taxes	330			496			410			509			523			3	%	58	%	769			1,032			34	%
Income from Continuing Operations	675			1,036			834			1,018			1,038			2	%	54	%	1,539			2,056			34	%
Noncontrolling Interests	1			1			1			(1		)	—			100	%	(100	)%	2			(1		)	NM
Net Income	$	674		$	1,035		$	833		$	1,019		$	1,038		2	%	54	%	$	1,537		$	2,057		34	%
Average Assets (in billions of dollars)	$	328		$	320		$	314		$	305		$	306		—		(7	)%	$	324		$	306		(6	)%
Return on Average Assets	0.82		%	1.28		%	1.05		%	1.35		%	1.36		%					0.96		%	1.36		%
Efficiency Ratio	66		%	54		%	58		%	53		%	53		%					61		%	53		%
Revenue by Business
Retail Banking	$	1,036		$	1,062		$	977		$	1,016		$	1,038		2	%	—		$	2,067		$	2,054		(1	)%
Citi-Branded Cards	678			674			626			575			586			2	%	(14	)%	1,321			1,161			(12	)%
Global Consumer Banking	1,714			1,736			1,603			1,591			1,624			2	%	(5	)%	3,388			3,215			(5	)%
Institutional Clients Group	1,669			1,851			1,694			1,897			1,939			2	%	16	%	3,390			3,836			13	%
Total	$	3,383		$	3,587		$	3,297		$	3,488		$	3,563		2	%	5	%	$	6,778		$	7,051		4	%
CVA/DVA {included as applicable in businesses above}	(8		)	(33		)	(10		)	(27		)	13			NM		NM		(31		)	(14		)	55	%
Total Revenues - Excluding CVA/DVA (2)	$	3,391		$	3,620		$	3,307		$	3,515		$	3,550		1	%	5	%	$	6,809		$	7,065		4	%
Income from Continuing Operations by Business
Retail Banking	$	53		$	247		$	191		$	230		$	232		1	%	NM		$	261		$	462		77	%
Citi-Branded Cards	149			137			117			109			103			(6	)%	(31	)%	294			212			(28	)%
Global Consumer Banking	202			384			308			339			335			(1	)%	66	%	555			674			21	%
Institutional Clients Group	473			652			526			679			703			4	%	49	%	984			1,382			40	%
Total	$	675		$	1,036		$	834		$	1,018		$	1,038		2	%	54	%	$	1,539		$	2,056		34	%
CVA/DVA {included as applicable in businesses above}	(5		)	(20		)	(6		)	(17		)	8			NM		NM		(20		)	(9		)	55	%
Income (loss) from Continuing Operations - Excluding CVA/DVA (2)	$	680		$	1,056		$	840		$	1,035		$	1,030		—		51	%	$	1,559		$	2,065		32	%

(1)  Regional results do not include Corporate/Other.  See page 18 for Corporate/Other results.

(2)  Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

22

CITI HOLDINGS

INCOME STATEMENT AND BALANCE SHEET DATA

(In millions of dollars, except as otherwise noted)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Revenues
Net interest revenue	$	1,237		$	1,119		$	1,059		$	1,055		$	1,001		(5	)%	(19	)%	$	2,413		$	2,056		(15	)%
Non-interest revenue (1)	753			951			745			779			672			(14	)%	(11	)%	1,562			1,451			(7	)%
Total revenues, net of interest expense	1,990			2,070			1,804			1,834			1,673			(9	)%	(16	)%	3,975			3,507			(12	)%
Provisions for Credit Losses and for Benefits and Claims
Net Credit Losses (1)	442			405			417			408			258			(37	)%	(42	)%	1,015			666			(34	)%
Credit Reserve Build / (Release) (2)	(212		)	(135		)	(214		)	(196		)	(170		)	13	%	20	%	(558		)	(366		)	34	%
Provision for loan losses	230			270			203			212			88			(58	)%	(62	)%	457			300			(34	)%
Provision for Benefits and Claims	156			167			167			169			160			(5	)%	3	%	323			329			2	%
Provision for unfunded lending commitments	(3		)	(3		)	—			(5		)	(1		)	80	%	67	%	(7		)	(6		)	14	%
Total provisions for credit losses and for benefits and claims	383			434			370			376			247			(34	)%	(36	)%	773			623			(19	)%
Total operating expenses (2)	5,022			1,346			1,303			1,157			1,104			(5	)%	(78	)%	7,040			2,261			(68	)%
Income (Loss) from Continuing Operations before Income Taxes	(3,415		)	290			131			301			322			7	%	NM		(3,838		)	623			NM
Provision (benefits) for income taxes	77			74			47			154			159			3	%	NM		(64		)	313			NM
Income (Loss) from Continuing Operations	(3,492		)	216			84			147			163			11	%	NM		(3,774		)	310			NM
Noncontrolling Interests	—			4			—			1			—			(100	)%	—		2			1			(50	)%
Citi Holding’s Net Income (Loss)	$	(3,492	)	$	212		$	84		$	146		$	163		12	%	NM		$	(3,776	)	$	309		NM
Average Assets (in billions of dollars)	$	148		$	143		$	132		$	125		$	118		(6	)%	(20	)%	$	150		$	122		(19	)%
Return on Average Assets	(9.46		)%	0.59		%	0.25		%	0.47		%	0.55		%					(5.08		)%	0.51		%
Efficiency Ratio	252		%	65		%	72		%	63		%	66		%					177		%	64		%
Balance Sheet Data (in billions):
Total EOP Assets	$	148		$	137		$	129		$	122		$	116		(5	)%	(22	)%	$	148		$	116		(22	)%
Total EOP Loans	$	90		$	85		$	79		$	62		$	59		(5	)%	(35	)%	$	90		$	59		(35	)%
Total EOP Deposits	$	52		$	45		$	17		$	12		$	8		(35	)%	(85	)%	$	52		$	8		(85	)%
Consumer Net Credit Losses as a % of Average Loans	1.88		%	1.91		%	1.86		%	2.20		%	1.57		%					2.12		%	1.92		%

(1)As a result of the entry into an agreement in March 2015 to sell OneMain Financial (OneMain), OneMain was classified as held-for-sale (HFS) at the end of the first quarter 2015.  As a result of HFS accounting treatment, approximately $160 million of net credit losses (NCLs) were recorded as contra revenue (Other revenue) during the second quarter of 2015.

(2)The second quarter of 2014 results include the impact of a $3.8 billion charge ($3.7 billion after-tax) to settle claims related to legacy residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) issued, structured or underwritten by Citigroup between 2003 and 2008. The charge consisted of $3.7 billion in legal expenses and a $55 million loan loss reserve build. For additional information, please see Citigroup’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 14, 2014.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

23

CITI HOLDINGS

CONSUMER KEY INDICATORS - Page 1

(In millions of dollars, except as otherwise noted)

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
CITI HOLDINGS KEY INDICATORS:
Consumer - International (1) (2)
Branches (actual)	226			157			153			122			105			(14	)%	(54	)%
Average Loans (in billions)	$	12.8		$	12.7		$	8.8		$	7.4		$	4.5		(39	)%	(65	)%
EOP Loans:
Real Estate Lending	$	3.6		$	2.6		$	2.4		$	0.9		$	0.8		(11	)%	(78	)%
Cards	3.8			3.7			3.6			2.1			1.8			(14	)%	(53	)%
Commercial Markets	0.8			0.8			0.8			0.7			0.5			(29	)%	(38	)%
Personal and Other	2.3			2.0			1.2			1.2			1.1			(8	)%	(52	)%
EOP Loans (in billions of dollars)	$	10.5		$	9.1		$	8.0		$	4.9		$	4.2		(14	)%	(60	)%
Net Interest Revenue	$	333		$	246		$	195		$	230		$	216		(6	)%	(35	)%
As a % of Average Loans	10.43		%	7.68		%	8.79		%	12.61		%	17.92		%
Net Credit Losses	$	83		$	64		$	28		$	51		$	41		(20	)%	(51	)%
As a % of Average Loans	2.60		%	2.00		%	1.26		%	2.80		%	3.65		%
Loans 90+ Days Past Due	$	238		$	111		$	110		$	91		$	78		(14	)%	(67	)%
As a % of EOP Loans	2.27		%	1.22		%	1.38		%	1.86		%	1.86		%
Loans 30-89 Days Past Due	$	330		$	178		$	168		$	142		$	119		(16	)%	(64	)%
As a % of EOP Loans	3.14		%	1.96		%	2.10		%	2.90		%	2.83		%
Consumer - North America (3)
Branches (actual)	1,458			1,455			1,424			278			273			(2	)%	(81	)%
Average Loans (in billions of dollars)	$	80.8		$	77.1		$	73.9		$	68.9		$	55.4		(20	)%	(31	)%
EOP Loans (in billions of dollars)	$	78.5		$	74.9		$	70.8		$	56.6		$	54.2		(4	)%	(31	)%
Net Interest Revenue	$	859		$	860		$	860		$	823		$	775		(6	)%	(10	)%
As a % of Average Loans	4.26		%	4.43		%	4.62		%	4.84		%	1.99		%
Net Credit Losses	$	356		$	369		$	359		$	363		$	193		(47	)%	(46	)%
As a % of Average Loans	1.77		%	1.90		%	1.93		%	2.14		%	1.40		%
Loans 90+ Days Past Due	$	2,470		$	2,093		$	1,963		$	1,607		$	1,462		(9	)%	(41	)%
As a % of EOP Loans	3.37		%	2.99		%	2.94		%	2.97		%	2.84		%
Loans 30-89 Days Past Due	$	2,174		$	1,978		$	1,663		$	1,197		$	1,153		(4	)%	(47	)%
As a % of EOP Loans	2.97		%	2.83		%	2.49		%	2.21		%	2.24		%

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

(2)The first and second quarters of 2015 reflect the transfers of loans and branches to held-for-sale (HFS) as a result of the agreement in December 2014 to sell the Japan retail banking business (Japan Retail).   The first and second quarter of 2015 reflect the transfers of loans to HFS as a result of the agreement in March 2015 to sell the Japan cards business (Japan Cards). The second quarter of 2015 reflects the HFS reclassification of interest revenue on loans to other interest earning assets.

(3)The first and second quarters of 2015 reflect the transfers of loans and branches to HFS resulting from the agreement to sell OneMain. As a result of HFS accounting treatment, approximately $160 million of net credit losses (NCLs) were recorded as contra revenue (Other revenue) during the second quarter of 2015. The second quarter of 2015 reflects the HFS reclassification of interest revenue on loans to other interest earning assets.

Reclassified to conform to the current period’s presentation.

24

CITI HOLDINGS

CONSUMER KEY INDICATORS - Page 2

(In millions of dollars, except as otherwise noted)

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
CITI HOLDINGS KEY INDICATORS:
North America Mortgages
CMI (CitiMortgage)	$	33.3		$	30.9		$	29.1		$	25.9		$	22.4		(14	)%	(33	)%
CFNA (CitiFinancial - North America)	8.6			8.3			7.9			7.3			6.8			(7	)%	(21	)%
Residential First	41.9			39.2			37.0			33.2			29.2			(12	)%	(30	)%
Home Equity	27.4			26.4			25.3			24.4			23.3			(5	)%	(15	)%
Average Loans (in billions of dollars)	$	69.3		$	65.6		$	62.3		$	57.6		$	52.5		(9	)%	(24	)%
CMI	$	31.6		$	29.4		$	26.9		$	22.8		$	22.1		(3	)%	(30	)%
CFNA	8.4			8.1			7.5			7.0			6.5			(7	)%	(23	)%
Residential First	40.0			37.5			34.4			29.8			28.6			(4	)%	(29	)%
Home Equity	26.9			25.9			24.9			23.8			22.7			(5	)%	(16	)%
EOP Loans (in billions of dollars)	$	66.9		$	63.4		$	59.3		$	53.6		$	51.3		(4	)%	(23	)%
Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	69.9		$	56.0		$	47.4		$	43.4		$	39.2		(10	)%	(44	)%
Net Servicing & Gain/(Loss) on Sale	$	34.6		$	81.5		$	96.8		$	96.2		$	61.3		(36	)%	77	%
Net Interest Revenue on Loans	$	333		$	311		$	305		$	272		$	290		7	%	(13	)%
As a % of Avg. Loans	1.93		%	1.88		%	1.94		%	1.92		%	2.22		%
CMI (1)	$	1		$	54		$	26		$	22		$	21		(5	)%	NM
CFNA	90			83			91			81			80			(1	)%	(11	)%
Residential First	$	91		$	137		$	117		$	103		$	101		(2	)%	11	%
Home Equity	114			98			87			81			70			(14	)%	(39	)%
Net Credit Losses (NCLs)	$	205		$	235		$	204		$	184		$	171		(7	)%	(17	)%
As a % of Avg. Loans	1.19		%	1.42		%	1.30		%	1.30		%	1.31		%
CMI	$	1,197		$	802		$	642		$	589		$	510		(13	)%	(57	)%
CFNA	546			543			543			500			463			(7	)%	(15	)%
Residential First	1,743			1,345			1,185			1,089			973			(11	)%	(44	)%
Home Equity	517			503			500			484			458			(5	)%	(11	)%
Loans 90+ Days Past Due (2) (3)	$	2,260		$	1,848		$	1,685		$	1,573		$	1,431		(9	)%	(37	)%
As a % of EOP Loans	3.66		%	3.16		%	3.05		%	3.08		%	2.94		%
CMI	$	1,340		$	1,125		$	831		$	654		$	609		(7	)%	(55	)%
CFNA	302			300			292			225			221			(2	)%	(27	)%
Residential First	1,642			1,425			1,123			879			830			(6	)%	(49	)%
Home Equity	336			334			324			269			275			2	%	(18	)%
Loans 30-89 Days Past Due (2) (3)	$	1,978		$	1,759		$	1,447		$	1,148		$	1,105		(4	)%	(44	)%
As a % of EOP Loans	3.21		%	3.01		%	2.62		%	2.25		%	2.27		%
North America Personal Loans (4)
Average Loans (in billions of dollars)	$	9.1		$	9.2		$	9.3		$	9.1		$	0.8		(91	)%	(91	)%
EOP Loans (in billions of dollars)	$	9.2		$	9.3		$	9.4		$	0.8		$	0.9		13	%	(90	)%
Net Interest Revenue on Loans	$	516		$	531		$	532		$	500		$	507		1	%	(2	)%
As a % of Avg. Loans	22.74		%	22.90		%	22.70		%	22.28		%	3.51		%
Net Credit Losses	$	143		$	129		$	154		$	174		$	17		(90	)%	(88	)%
As a % of Avg. Loans	6.30		%	5.56		%	6.57		%	7.75		%	8.52		%
Loans 90+ Days Past Due	$	194		$	227		$	264		$	21		$	20		(5	)%	(90	)%
As a % of EOP Loans	2.11		%	2.44		%	2.81		%	2.63		%	2.22		%
Loans 30-89 Days Past Due	$	155		$	178		$	180		$	16		$	17		6	%	(89	)%
As a % of EOP Loans	1.68		%	1.91		%	1.91		%	2.00		%	1.89		%

(1)The second quarter of 2014 NCLs for CMI Residential First Mortgages includes a $58 million recovery.

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

The amounts excluded for Loans 90+Days Past Due and (EOP Loans) for each period were $2.8 billion and ($5.2 billion), $2.6 billion and ($5.0 billion), $2.2 billion and ($4.0 billion), $1.8 billion and ($2.5 billion) and $1.7 billion and ($2.7 billion), as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.7 billion and ($5.2 billion), $0.7 billion and ($5.0 billion), $0.5 billion and ($4.0 billion), $0.2 billion and ($2.5 billion) and $0.3 billion and ($2.7 billion), as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015, respectively.

(3)The June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $17 million, $15 million, $14 million, $12 million and $12 million, respectively, of loans that are carried at fair value.

(4)See footnote 3 on page 24.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

25

AVERAGE BALANCES AND INTEREST RATES (1)(2)(3)(4)

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
	Second		First		Second		Second		First		Second		Second		First		Second
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2014		2015		2015 (5)		2014		2015		2015 (5)		2014		2015		2015 (5)
Assets:
Deposits with Banks	$	160,555	$	139,173	$	136,016	$	250	$	183	$	168	0.62	%	0.53	%	0.50	%
Fed Funds Sold and Resale Agreements (6)	265,423		241,179		236,035		592		642		669		0.89	%	1.08	%	1.14	%
Trading Account Assets (7)	234,219		228,259		228,037		1,487		1,434		1,656		2.55	%	2.55	%	2.91	%
Investments	323,269		336,339		333,031		1,889		1,792		1,832		2.34	%	2.16	%	2.21	%
Total Loans (net of Unearned Income) (8)	665,071		634,865		627,026		11,367		10,563		10,013		6.86	%	6.75	%	6.41	%
Other Interest-Earning Assets	39,088		45,501		62,648		97		110		662		1.00	%	0.98	%	4.24	%
Total Average Interest-Earning Assets	$	1,687,625	$	1,625,316	$	1,622,793	$	15,682	$	14,724	$	15,000	3.73	%	3.67	%	3.71	%
Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	756,602	$	698,396	$	700,978	$	1,218	$	1,030	$	999	0.65	%	0.60	%	0.57	%
Deposit Insurance and FDIC Assessment	—		—		—		251		296		289
Total Deposits	756,602		698,396		700,978		1,469		1,326		1,288		0.78	%	0.77	%	0.74	%
Fed Funds Purchased and Repurchase Agreements (6)	193,302		177,114		183,292		537		376		443		1.11	%	0.86	%	0.97	%
Trading Account Liabilities (7)	82,330		73,199		71,430		48		47		54		0.23	%	0.26	%	0.30	%
Short-Term Borrowings	115,160		129,138		114,279		162		119		157		0.56	%	0.37	%	0.55	%
Long-Term Debt (9)	204,068		198,562		187,910		1,399		1,160		1,109		2.75	%	2.37	%	2.37	%
Total Average Interest-Bearing Liabilities	$	1,351,462	$	1,276,409	$	1,257,889	$	3,615	$	3,028	$	3,051	1.07	%	0.96	%	0.97	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,351,462	$	1,276,409	$	1,257,889	$	3,364	$	2,732	$	2,762	1.00	%	0.87	%	0.88	%
Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	12,067	$	11,696	$	11,949	2.87	%	2.92	%	2.95	%
NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	12,318	$	11,992	$	12,238	2.93	%	2.99	%	3.02	%
2Q15 Increase (Decrease) From													8	bps	3	bps
2Q15 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													9	bps	3	bps

(1)Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $121 million for the second quarter of 2014, $124 million for the first quarter of 2015 and $121 million for the second quarter of 2015.

(2)Citigroup average balances and interest rates include both domestic and international operations.

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

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

(5)Preliminary.

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

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

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

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

Reclassified to conform to the current period’s presentation.

26

DEPOSITS

(In billions of dollars)

														2Q15 Increase
	2Q			3Q			4Q			1Q		2Q		(Decrease) from
	2014			2014			2014			2015		2015		1Q15		2Q14
Citicorp Deposits by Business
Global Consumer Banking
North America	$	170.6		$	171.7		$	171.4		$	172.6	$	173.5	1	%	2	%
Latin America	46.3			44.0			43.7			42.0		42.1		—		(9	)%
Asia (1)	93.1			90.5			89.2			89.7		89.6		—		(4	)%
Total	$	310.0		$	306.2		$	304.3		$	304.3	$	305.2	—		(2	)%
ICG
North America	$	176.1		$	176.6		$	193.1		$	196.1	$	198.1	1	%	12	%
EMEA	186.4			179.6			164.5			167.2		177.4		6	%	(5	)%
Latin America	64.6			62.3			56.3			60.2		63.0		5	%	(2	)%
Asia	144.8			144.4			141.5			147.6		149.6		1	%	3	%
Total	$	571.9		$	562.9		$	555.4		$	571.1	$	588.1	3	%	3	%
Corporate/Other	$	31.4		$	29.0		$	22.8		$	12.3	$	7.0	(43	)%	(78	)%
Total Citicorp	$	913.3		$	898.1		$	882.5		$	887.7	$	900.3	1	%	(1	)%
Total Citi Holdings (2)	$	52.4		$	44.6		$	16.8		$	11.9	$	7.7	(35	)%	(85	)%
Total Citigroup Deposits - EOP	$	965.7		$	942.7		$	899.3		$	899.6	$	908.0	1	%	(6	)%
Total Citigroup Deposits - Average	$	959.5		$	954.2		$	938.7		$	899.5	$	906.4	1	%	(6	)%
FX Translation Impact:
Total Citigroup EOP Deposits - as Reported	$	965.7		$	942.7		$	899.3		$	899.6	$	908.0	1	%	(6	)%
Impact of FX Translation (3)	(44.6		)	(27.9		)	(11.9		)	2.1		—
Total Citigroup EOP Deposits - Ex-FX (4)	$	921.1		$	914.8		$	887.4		$	901.7	$	908.0	1	%	(1	)%

(1)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2)See footnote 4 on page 1.

(3)Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the second quarter of 2015 average exchange rates for all periods presented.

(4)Presentation of this metric excluding FX translation is a non-GAAP financial measure.

Reclassified to conform to the current period’s presentation.

27

EOP LOANS (1) - Page 1

CITICORP

(In billions of dollars)

														2Q15 Increase
	2Q			3Q			4Q			1Q		2Q		(Decrease) from
	2014			2014			2014			2015		2015		1Q15		2Q14
Citicorp:
Global Consumer Banking
North America
Credit Cards	$	110.4		$	109.5		$	114.0		$	105.9	$	107.7	2	%	(2	)%
Retail Banking	46.2			47.5			46.8			47.8		48.8		2	%	6	%
Total	$	156.6		$	157.0		$	160.8		$	153.7	$	156.5	2	%	—
Latin America
Credit Cards	$	10.1		$	9.8		$	9.3		$	8.5	$	8.3	(2	)%	(18	)%
Retail Banking	29.2			28.2			26.2			25.6		25.7		—		(12	)%
Total	$	39.3		$	38.0		$	35.5		$	34.1	$	34.0	—		(13	)%
Asia (1)
Credit Cards	$	19.6		$	18.8		$	18.6		$	17.8	$	18.1	2	%	(8	)%
Retail Banking	79.5			78.2			76.2			74.5		75.3		1	%	(5	)%
Total	$	99.1		$	97.0		$	94.8		$	92.3	$	93.4	1	%	(6	)%
Total Consumer Loans
Credit Cards	$	140.1		$	138.1		$	141.9		$	132.2	$	134.1	1	%	(4	)%
Retail Banking	154.9			153.9			149.2			147.9		149.8		1	%	(3	)%
Total Consumer	$	295.0		$	292.0		$	291.1		$	280.1	$	283.9	1	%	(4	)%
Total Corporate Loans
North America	$	108.9		$	114.5		$	117.7		$	120.1	$	127.3	6	%	17	%
EMEA	61.0			57.1			55.9			58.3		60.1		3	%	(1	)%
Latin America	41.0			38.8			37.9			38.1		39.4		3	%	(4	)%
Asia	71.7			66.6			62.8			62.6		62.7		—		(13	)%
Total Corporate Loans	$	282.6		$	277.0		$	274.3		$	279.1	$	289.5	4	%	2	%
Total Citicorp	$	577.6		$	569.0		$	565.4		$	559.2	$	573.4	3	%	(1	)%
FX Translation Impact:
Total Citicorp EOP Loans - as Reported	$	577.6		$	569.0		$	565.4		$	559.2	$	573.4	3	%	(1	)%
Impact of FX Translation (2)	(24.9		)	(16.7		)	(7.3		)	0.1		—
Total Citicorp EOP Loans - Ex-FX (3)	$	552.7		$	552.3		$	558.1		$	559.3	$	573.4	3	%	4	%

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

(1)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2)Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the second quarter of 2015 average exchange rates for all periods presented.

(3)Presentation of this metric excluding FX translation is a non-GAAP financial measure.

Reclassified to conform to the current period’s presentation.

28

EOP LOANS - Page 2

CITI HOLDINGS AND TOTAL CITIGROUP

(In billions of dollars)

														2Q15 Increase
	2Q			3Q			4Q			1Q		2Q		(Decrease) from
	2014			2014			2014			2015		2015		1Q15		2Q14
Citi Holdings:
Consumer - North America
Mortgages	66.9			63.4			59.3			53.6		51.3		(4	)%	(23	)%
Personal Loans	9.2			9.3			9.4			0.8		0.9		13	%	(90	)%
Other	2.4			2.2			2.1			2.2		2.0		(9	)%	(17	)%
Total	$	78.5		$	74.9		$	70.8		$	56.6	$	54.2	(4	)%	(31	)%
Consumer - International
Credit Cards	$	3.8		$	3.7		$	3.6		$	2.1	$	1.8	(14	)%	(53	)%
REL, Personal & Other	6.7			5.4			4.4			2.8		2.4		(14	)%	(64	)%
Total	$	10.5		$	9.1		$	8.0		$	4.9	$	4.2	(14	)%	(60	)%
Citi Holdings - Other	0.9			0.8			0.4			0.4		0.3		(25	)%	(67	)%
Total Citi Holdings	$	89.9		$	84.8		$	79.2		$	61.9	$	58.7	(5	)%	(35	)%
Total Citigroup	$	667.5		$	653.8		$	644.6		$	621.1	$	632.1	2	%	(5	)%
Consumer Loans	$	384.3		$	376.3		$	370.0		$	341.7	$	342.3	—		(11	)%
Corporate Loans	283.2			277.5			274.6			279.3		289.8		4	%	2	%
Total Citigroup	$	667.5		$	653.8		$	644.6		$	621.0	$	632.1	2	%	(5	)%
FX Translation Impact:
Total Citigroup EOP Loans - as Reported	$	667.5		$	653.8		$	644.6		$	621.0	$	632.1	2	%	(5	)%
Impact of FX Translation (1)	(26.8		)	(17.4		)	(7.4		)	0.2		—
Total Citigroup EOP Loans - Ex-FX (2)	$	640.7		$	636.4		$	637.2		$	621.2	$	632.1	2	%	(1	)%

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

(1)Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the second quarter of 2015 average exchange rates for all periods presented.

(2)Presentation of this metric excluding FX translation is a non-GAAP financial measure.

Reclassified to conform to the current period’s presentation.

29

SUPPLEMENTAL DETAIL

CONSUMER LOANS 90+DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 90+ Days Past Due(1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2014			2014			2014			2015			2015			2015
Citicorp (2)
Total	$	2,704		$	2,654		$	2,566		$	2,245		$	2,134		$	283.9
Ratio	0.92		%	0.91		%	0.88		%	0.80		%	0.75		%
Retail Bank (2)
Total	$	989		$	964		$	816		$	617		$	636		$	149.8
Ratio	0.64		%	0.63		%	0.55		%	0.42		%	0.43		%
North America (2)	$	227		$	229		$	225		$	123		$	150		$	48.8
Ratio	0.50		%	0.49		%	0.49		%	0.26		%	0.31		%
Latin America (3)	$	540		$	515		$	397		$	306		$	296		$	25.7
Ratio (3)	1.85		%	1.83		%	1.52		%	1.20		%	1.15		%
Asia (4)	$	222		$	220		$	194		$	188		$	190		$	75.3
Ratio	0.28		%	0.28		%	0.25		%	0.25		%	0.25		%
Cards
Total	$	1,715		$	1,690		$	1,750		$	1,628		$	1,498		$	134.1
Ratio	1.22		%	1.22		%	1.23		%	1.23		%	1.12		%
North America - Citi-Branded	$	583		$	559		$	593		$	569		$	495		$	64.5
Ratio	0.87		%	0.84		%	0.88		%	0.90		%	0.77		%
North America - Retail Services	$	606		$	630		$	678		$	629		$	567		$	43.2
Ratio	1.41		%	1.47		%	1.46		%	1.48		%	1.31		%
Latin America	$	303		$	294		$	284		$	240		$	245		$	8.3
Ratio	3.00		%	3.00		%	3.05		%	2.82		%	2.95		%
Asia (4)	$	223		$	207		$	195		$	190		$	191		$	18.1
Ratio	1.14		%	1.10		%	1.05		%	1.07		%	1.06		%
Citi Holdings - Consumer (2) (5)	$	2,708		$	2,204		$	2,073		$	1,698		$	1,540		$	58.4
Ratio	3.23		%	2.79		%	2.77		%	2.88		%	2.76		%
International	$	238		$	111		$	110		$	91		$	78		$	4.2
Ratio	2.27		%	1.22		%	1.38		%	1.86		%	1.86		%
North America (2) (5)	$	2,470		$	2,093		$	1,963		$	1,607		$	1,462		$	54.2
Ratio	3.37		%	2.99		%	2.94		%	2.97		%	2.84		%
Other																$	—
Total Citigroup (2) (5)	$	5,412		$	4,858		$	4,639		$	3,943		$	3,674		$	342.3
Ratio	1.43		%	1.31		%	1.27		%	1.17		%	1.08		%

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

(2)The 90+ Days Past Due and related ratios for North America Consumer Banking and Citi Holdings North America Mortgages excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 1 on page 10 and footnote 2 on page 25.

(3)See footnote 3 on page 8.

(4)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(5)The June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $17 million, $15 million, $14 million, $12 million and $12 million, respectively, of loans that are carried at fair value.

Reclassified to conform to the current period’s presentation.

30

SUPPLEMENTAL DETAIL

CONSUMER LOANS 30-89 DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 30-89 Days Past Due(1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2014			2014			2014			2015			2015			2015
Citicorp (2)
Total	$	2,815		$	2,806		$	2,688		$	2,511		$	2,387		$	283.9
Ratio	0.96		%	0.96		%	0.93		%	0.90		%	0.84		%
Retail Bank (2)
Total	$	965		$	912		$	854		$	845		$	797		$	149.8
Ratio	0.63		%	0.60		%	0.58		%	0.58		%	0.53		%
North America (2)	$	203		$	213		$	212		$	203		$	176		$	48.8
Ratio	0.45		%	0.46		%	0.46		%	0.43		%	0.37		%
Latin America	$	344		$	302		$	290		$	282		$	266		$	25.7
Ratio	1.18		%	1.07		%	1.11		%	1.10		%	1.04		%
Asia (3)	$	418		$	397		$	352		$	360		$	355		$	75.3
Ratio	0.53		%	0.51		%	0.46		%	0.48		%	0.47		%
Cards
Total	$	1,850		$	1,894		$	1,834		$	1,666		$	1,590		$	134.1
Ratio	1.32		%	1.37		%	1.29		%	1.26		%	1.19		%
North America - Citi-Branded	$	540		$	566		$	568		$	497		$	462		$	64.5
Ratio	0.80		%	0.85		%	0.84		%	0.78		%	0.72		%
North America - Retail Services	$	683		$	729		$	748		$	673		$	652		$	43.2
Ratio	1.58		%	1.70		%	1.61		%	1.59		%	1.51		%
Latin America	$	326		$	322		$	262		$	247		$	229		$	8.3
Ratio	3.23		%	3.29		%	2.82		%	2.91		%	2.76		%
Asia (3)	$	301		$	277		$	256		$	249		$	247		$	18.1
Ratio	1.54		%	1.47		%	1.38		%	1.40		%	1.36		%
Citi Holdings - Consumer (2) (4)	$	2,504		$	2,156		$	1,831		$	1,339		$	1,272		$	58.4
Ratio	2.99		%	2.73		%	2.45		%	2.27		%	2.28		%
International	$	330		$	178		$	168		$	142		$	119		$	4.2
Ratio	3.14		%	1.96		%	2.10		%	2.90		%	2.83		%
North America (2) (4)	$	2,174		$	1,978		$	1,663		$	1,197		$	1,153		$	54.2
Ratio	2.97		%	2.83		%	2.49		%	2.21		%	2.24		%
Other																$	—
Total Citigroup (2) (4)	$	5,319		$	4,962		$	4,519		$	3,850		$	3,659		$	342.3
Ratio	1.41		%	1.34		%	1.24		%	1.14		%	1.08		%

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

(2)The 30-89 Days Past Due and related ratios for North America Consumer Banking and North America Local Consumer Lending excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 1 on page 10 and footnote 2 on page 25.

(3)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(4)The June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $17 million, $15 million, $14 million, $12 million and $12 million, respectively, of loans that are carried at fair value.

Reclassified to conform to the current period’s presentation.

31

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

TOTAL CITIGROUP

(In millions of dollars)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	18,923		$	17,890		$	16,915		$	15,994		$	14,598						$	19,648		$	15,994
Gross Credit (Losses)	(2,812		)	(2,586		)	(2,727		)	(2,458		)	(2,335		)	5	%	17	%	(5,795		)	(4,793		)	17	%
Gross Recoveries	623			489			479			501			415			(17	)%	(33	)%	1,167			916			(22	)%
Net Credit (Losses) / Recoveries (NCLs)	(2,189		)	(2,097		)	(2,248		)	(1,957		)	(1,920		)	2	%	12	%	(4,628		)	(3,877		)	16	%
NCLs	2,189			2,097			2,248			1,957			1,920			(2	)%	(12	)%	4,628			3,877			(16	)%
Net Reserve Builds / (Releases)	(521		)	(492		)	(306		)	(91		)	(199		)	NM		62	%	(1,081		)	(290		)	73	%
Net Specific Reserve Builds / (Releases)	(89		)	(30		)	(61		)	(111		)	(206		)	(86	)%	NM		(175		)	(317		)	(81	)%
Provision for Loan Losses	1,579			1,575			1,881			1,755			1,515			(14	)%	(4	)%	3,372			3,270			(3	)%
Other (2) (3) (4) (5) (6) (7)	(423		)	(453		)	(554		)	(1,194		)	(118		)	90	%	72	%	(502		)	(1,312		)
Allowance for Loan Losses at End of Period (1) (a)	$	17,890		$	16,915		$	15,994		$	14,598		$	14,075						$	17,890		$	14,075
Allowance for Unfunded Lending Commitments (8) (a)	$	1,176		$	1,140		$	1,063		$	1,023		$	973						$	1,176		$	973
Provision for Unfunded Lending Commitments	$	(31	)	$	(30	)	$	(74	)	$	(37	)	$	(48	)					$	(58	)	$	(85	)
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	19,066		$	18,055		$	17,057		$	15,621		$	15,048						$	19,066		$	15,048
Total Allowance for Loan Losses as a Percentage of Total Loans (9)	2.70		%	2.60		%	2.50		%	2.38		%	2.25		%
Allowance for Loan Losses at End of Period (1):
Citicorp	$	12,139		$	11,582		$	11,142		$	10,976		$	10,672
Citi Holdings	5,751			5,333			4,852			3,622			3,403
Total Citigroup	$	17,890		$	16,915		$	15,994		$	14,598		$	14,075

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

(2)Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, securitizations, foreign currency translation, purchase accounting adjustments, etc.

(3)The second quarter of 2014 includes a reduction of approximately $480 million related to the sale or transfers to held-for-sale (HFS) of various loan portfolios, including a reduction of approximately $204 million, $177 million and $29 million related to the transfers to HFS of businesses in Greece, Spain and Honduras, and $66 million related to a transfer of a real estate loan portfolio to HFS.  These amounts are partially offset by foreign currency translation on the entire allowance balance.

(4)The third quarter of 2014 includes a reduction of approximately $259 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $151 million related to a transfer of a real estate loan portfolio to HFS and a reduction of approximately $108 million related to the transfer of various EMEA loan portfolios to HFS.  Additionally, the third quarter includes a reduction of approximately $181 million related to foreign currency translation.

(5)The fourth quarter of 2014 includes a reduction of approximately $250 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $194 million related to a transfer of a real estate loan portfolio to HFS.  Additionally, the fourth quarter includes a reduction of approximately $282 million related to foreign currency translation.

(6)The first quarter of 2015 includes a reduction of approximately $1,032 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $281 million related to a transfer of a real estate loan portfolio to HFS.  Additionally, the first quarter includes a reduction of approximately $145 million related to foreign currency translation.

(7)The second quarter of 2015 includes a reduction of approximately $88 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $34 million related to a transfer of a real estate loan portfolio to HFS.  Additionally, the second quarter includes a reduction of approximately $39 million related to foreign currency translation.

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

(9)June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015 exclude $4.8 billion, $4.4 billion, $5.9 billion, $6.6 billion and $6.5 billion, respectively, of loans which are carried at fair value.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

32

ALLOWANCE FOR CREDIT LOSSES - PAGE 2

TOTAL CITIGROUP

(In millions of dollars)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Total Citigroup Consumer Loans
Allowance for Loan Losses at Beginning of Period (1)	$	16,451		$	15,520		$	14,575		$	13,605		$	12,122						$	17,064		$	13,605
Net Credit Losses (NCLs)	(2,178		)	(2,115		)	(2,098		)	(1,966		)	(1,814		)	8	%	17	%	(4,472		)	(3,780		)	15	%
NCLs	2,178			2,115			2,098			1,966			1,814			(8	)%	(17	)%	4,472			3,780			(15	)%
Net Reserve Builds / (Releases)	(495		)	(393		)	(399		)	(191		)	(158		)	17	%	68	%	(954		)	(349		)	63	%
Net Specific Reserve Builds / (Releases)	(14		)	(117		)	(39		)	(114		)	(87		)	24	%	NM		(90		)	(201		)	NM
Provision for Loan Losses	1,669			1,605			1,660			1,661			1,569			(6	)%	(6	)%	3,428			3,230			(6	)%
Other (2) (3) (4) (5) (6) (7)	(422		)	(435		)	(532		)	(1,178		)	(128		)	89	%	70	%	(500		)	(1,306		)	NM
Allowance for Loan Losses at End of Period (1) (a)	$	15,520		$	14,575		$	13,605		$	12,122		$	11,749						$	15,520		$	11,749
Consumer Allowance for Unfunded Lending Commitments (8) (a)	$	64		$	55		$	36		$	32		$	31						$	64		$	31
Provision for Unfunded Lending Commitments	$	(3	)	$	(2	)	$	(15	)	$	(4	)	$	(1	)					$	(5	)	$	(5	)
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	15,584		$	14,630		$	13,641		$	12,154		$	11,780						$	15,584		$	11,780
Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	4.04		%	3.87		%	3.68		%	3.55		%	3.43		%
Total Citigroup Corporate Loans
Allowance for Loan Losses at Beginning of Period (1)	$	2,472		$	2,370		$	2,340		$	2,389		$	2,476						$	2,584		$	2,389
Net Credit (Losses) / Recoveries (NCL’s)	(11		)	18			(150		)	9			(106		)	NM		NM		(156		)	(97		)	38	%
NCLs	11			(18		)	150			(9		)	106			NM		NM		156			97			(38	)%
Net Reserve Builds / (Releases)	(26		)	(99		)	93			100			(41		)	NM		(58	)%	(127		)	59			NM
Net Specific Reserve Builds / (Releases)	(75		)	87			(22		)	3			(119		)	NM		(59	)%	(85		)	(116		)	(36	)%
Provision for Loan Losses	(90		)	(30		)	221			94			(54		)	NM		40	%	(56		)	40			NM
Other (2)	(1		)	(18		)	(22		)	(16		)	10							(2		)	(6		)
Allowance for Loan Losses at End of Period (1) (b)	$	2,370		$	2,340		$	2,389		$	2,476		$	2,326						$	2,370		$	2,326
Corporate Allowance for Unfunded Lending Commitments (8) (b)	$	1,112		$	1,085		$	1,027		$	991		$	942						$	1,112		$	942
Provision for Unfunded Lending Commitments	$	(28	)	$	(28	)	$	(59	)	$	(33	)	$	(47	)					$	(53	)	$	(80	)
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	3,482		$	3,425		$	3,416		$	3,467		$	3,268						$	3,482		$	3,268
Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.85		%	0.86		%	0.89		%	0.91		%	0.82		%

Footnotes to these tables are on the following page (page 34).

33

ALLOWANCE FOR CREDIT LOSSES - PAGE 3

TOTAL CITIGROUP

The following footnotes relate to the tables on the prior page (page 33).

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

(2)Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, securitizations, foreign currency translation, purchase accounting adjustments, etc.

(3)The second quarter of 2014 includes a reduction of approximately $480 million related to the sale or transfers to held-for-sale (HFS) of various loan portfolios, including a reduction of approximately $204 million, $177 million and $29 million related to the transfers to HFS of businesses in Greece, Spain and Honduras, and $66 million related to a transfer of a real estate loan portfolio to HFS.  These amounts are partially offset by foreign currency translation on the entire allowance balance.

(4)The third quarter of 2014 includes a reduction of approximately $259 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $151 million related to a transfer of a real estate loan portfolio to HFS and a reduction of approximately $108 million related to the transfer of various EMEA loan portfolios to HFS.  Additionally, the third quarter includes a reduction of approximately $181 million related to foreign currency translation.

(5)The fourth quarter of 2014 includes a reduction of approximately $250 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $194 million related to a transfer of a real estate loan portfolio to HFS.  Additionally, the fourth quarter includes a reduction of approximately $282 million related to foreign currency translation.

(6)The first quarter of 2015 includes a reduction of approximately $1,032 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $281 million related to a transfer of a real estate loan portfolio to HFS.  Additionally, the first quarter includes a reduction of approximately $145 million related to foreign currency translation.

(7)The second quarter of 2015 includes a reduction of approximately $88 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $34 million related to a transfer of a real estate loan portfolio to HFS.  Additionally, the second quarter includes a reduction of approximately $39 million related to foreign currency translation.

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

(9)June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015 exclude $46 million, $45 million, $43 million, $38 million and $39 million, respectively, of loans which are carried at fair value.

(10)June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015 and June 30, 2015 exclude $4.8 billion, $4.4 billion, $5.9 billion, $6.5 billion and $6.5 billion, respectively, of loans which are carried at fair value.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

34

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 1

CITICORP

(In millions of dollars)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Citicorp
Net Credit Losses	$	1,747		$	1,692		$	1,831		$	1,549		$	1,662		7	%	(5	)%	$	3,613		$	3,211		(11	)%
Credit Reserve Build / (Release)	(398		)	(387		)	(153		)	(6		)	(235		)	NM		41	%	(698		)	(241		)	65	%
Global Consumer Banking
Net Credit Losses	1,738			1,680			1,710			1,551			1,579			2	%	(9	)%	3,470			3,130			(10	)%
Credit Reserve Build / (Release)	(302		)	(379		)	(254		)	(113		)	(103		)	9	%	66	%	(515		)	(216		)	58	%
North America Regional Consumer Banking
Net Credit Losses	1,072			1,019			1,013			961			1,000			4	%	(7	)%	2,174			1,961			(10	)%
Credit Reserve Build / (Release)	(397		)	(341		)	(233		)	(100		)	(109		)	(9	)%	73	%	(668		)	(209		)	69	%
Retail Banking
Net Credit Losses	37			36			36			36			40			11	%	8	%	71			76			7	%
Credit Reserve Build / (Release)	(28		)	(11		)	28			18			(6		)	NM		79	%	(32		)	12			NM
Citi-Branded Cards
Net Credit Losses	570			526			514			492			503			2	%	(12	)%	1,157			995			(14	)%
Credit Reserve Build / (Release)	(223		)	(212		)	(220		)	(119		)	(74		)	38	%	67	%	(411		)	(193		)	53	%
Citi Retail Services
Net Credit Losses	465			457			463			433			457			6	%	(2	)%	946			890			(6	)%
Credit Reserve Build / (Release)	(146		)	(118		)	(41		)	1			(29		)	NM		80	%	(225		)	(28		)	88	%
Latin America Regional Consumer Banking
Net Credit Losses	454			460			511			417			392			(6	)%	(14	)%	890			809			(9	)%
Credit Reserve Build / (Release)	109			(4		)	(36		)	22			7			(68	)%	(94	)%	160			29			(82	)%
Retail Banking
Net Credit Losses	211			210			278			188			196			4	%	(7	)%	419			384			(8	)%
Credit Reserve Build / (Release)	16			2			(37		)	24			4			(83	)%	(75	)%	22			28			27	%
Citi-Branded Cards
Net Credit Losses	243			250			233			229			196			(14	)%	(19	)%	471			425			(10	)%
Credit Reserve Build / (Release)	93			(6		)	1			(2		)	3			NM		(97	)%	138			1			(99	)%
Asia Regional Consumer Banking (1)
Net Credit Losses	212			201			186			173			187			8	%	(12	)%	406			360			(11	)%
Credit Reserve Build / (Release)	(14		)	(34		)	15			(35		)	(1		)	97	%	93	%	(7		)	(36		)	NM
Retail Banking
Net Credit Losses	83			79			74			70			79			13	%	(5	)%	163			149			(9	)%
Credit Reserve Build / (Release)	(7		)	(25		)	—			(14		)	4			NM		NM		6			(10		)	NM
Citi-Branded Cards
Net Credit Losses	129			122			112			103			108			5	%	(16	)%	243			211			(13	)%
Credit Reserve Build / (Release)	(7		)	(9		)	15			(21		)	(5		)	76	%	29	%	(13		)	(26		)	(100	)%
Institutional Clients Group (ICG)
Net Credit Losses	9			12			121			(2		)	83			NM		NM		143			81			(43	)%
Credit Reserve Build / (Release)	(96		)	(8		)	101			107			(132		)	NM		(38	)%	(183		)	(25		)	86	%
Corporate / Other
Net Credit Losses	—			—			—			—			—			—		—		—			—			—
Credit Reserve Build / (Release)	—			—			—			—			—			—		—		—			—			—
Total Citicorp Provision for Loan Losses	$	1,349		$	1,305		$	1,678		$	1,543		$	1,427		(8	)%	6	%	$	2,915		$	2,970		2	%

(1)   For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

35

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 2

CITI HOLDINGS / TOTAL CITIGROUP

(In millions of dollars)

																2Q15 Increase				Six			Six			YTD 2015 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2014 Increase/
	2014			2014			2014			2015			2015			1Q15		2Q14		2014			2015			(Decrease)
Citi Holdings
Net Credit Losses (1)	$	442		$	405		$	417		$	408		$	258		(37	)%	(42	)%	$	1,015		$	666		(34	)%
Credit Reserve Build / (Release) (2)	(212		)	(135		)	(214		)	(196		)	(170		)	13	%	20	%	(558		)	(366		)	34	%
Total Citi Holdings Provision for Loan Losses	$	230		$	270		$	203		$	212		$	88		(58	)%	(62	)%	$	457		$	300		(34	)%
Total Citicorp Provision for Loan Losses (from prior page)	$	1,349		$	1,305		$	1,678		$	1,543		$	1,427		(8	)%	6	%	$	2,915		$	2,970		2	%
Total Citigroup Provision for Loan Losses	$	1,579		$	1,575		$	1,881		$	1,755		$	1,515		(14	)%	(4	)%	$	3,372		$	3,270		(3	)%

(1)See footnote 1 on page 23

(2)See footnote 2 on page 23

Reclassified to conform to the current period’s presentation.

36

NON-ACCRUAL ASSETS - PAGE 1

TOTAL CITIGROUP

(In millions of dollars)

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	367		$	365		$	321		$	347		$	467		35	%	27	%
EMEA	363			322			267			287			322			12	%	(11	)%
Latin America	288			481			416			376			224			(40	)%	(22	)%
Asia	200			182			179			151			145			(4	)%	(28	)%
Total	$	1,218		$	1,350		$	1,183		$	1,161		$	1,158		4	%	(5	)%
Consumer Non-Accrual Loans By Region (2) (3)
North America	$	4,915		$	4,546		$	4,412		$	4,192		$	3,934		(6	)%	(20	)%
Latin America	1,386			1,364			1,188			1,086			1,034			(5	)%	(25	)%
Asia (4)	415			362			324			315			311			(1	)%	(25	)%
Total	$	6,716		$	6,272		$	5,924		$	5,593		$	5,279		(6	)%	(21	)%
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
ICG	$	23		$	20		$	31		$	28		$	23		(18	)%	—
Global Consumer Banking	52			46			45			54			57			6	%	10	%
Citi Holdings	306			296			168			172			159			(8	)%	(48	)%
Corporate/Other	20			20			16			21			7			(67	)%	(65	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (5)	$	401		$	382		$	260		$	275		$	246		(11	)%	(39	)%
OREO By Region:
North America	$	293		$	303		$	195		$	221		$	190		(14	)%	(35	)%
EMEA	44			18			8			1			1			—		(98	)%
Latin America	49			49			47			48			50			4	%	2	%
Asia	15			12			10			5			5			—		(67	)%
Total	$	401		$	382		$	260		$	275		$	246		(11	)%	(39	)%
Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—		—		—
Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	1,218		$	1,350		$	1,183		$	1,161		$	1,158		—		(5	)%
Consumer Non-Accrual Loans	6,716			6,272			5,924			5,593			5,279			(6	)%	(21	)%
Non-Accrual Loans (NAL)	7,934			7,622			7,107			6,754			6,437			(5	)%	(19	)%
OREO	401			382			260			275			246			(11	)%	(39	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	8,335		$	8,004		$	7,367		$	7,029		$	6,683		(5	)%	(20	)%
NAL as a % of Total Loans	1.19		%	1.17		%	1.10		%	1.09		%	1.02		%
NAA as a % of Total Assets	0.44		%	0.43		%	0.40		%	0.38		%	0.37		%
Allowance for Loan Losses as a % of NAL	225		%	222		%	225		%	216		%	219		%

(1)Corporate loans are placed on non-accrual status based upon a review by Citigroup’s risk officers.  Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans: Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency.  As such, the non-accrual loan disclosures do not include credit card loans.

(2)The first and second quarters of 2015 reflect the transfers of non accrual loans to HFS resulting from the agreements to sell OneMain, Japan Retail and Japan Cards.

(3)Excludes SOP 3-03 purchased distressed loans.

(4)For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(5)Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral.  Also includes former premises and property for use that is no longer contemplated.

(6)There is no industry-wide definition of non-accrual assets.  As such, analysis against the industry is not always comparable.

Reclassified to conform to the current period’s presentation.

37

NON-ACCRUAL ASSETS - PAGE 2

CITICORP

(In millions of dollars)

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	352		$	353		$	307		$	334		$	455		36	%	29	%
EMEA	319			281			228			250			281			12	%	(12	)%
Latin America	287			480			415			375			223			(41	)%	(22	)%
Asia	193			176			176			149			144			(3	)%	(25	)%
Total	$	1,151		$	1,290		$	1,126		$	1,108		$	1,103		—		(4	)%
Consumer Non-Accrual Loans By Region (2) (3)
North America	$	429		$	440		$	465		$	351		$	374		7	%	(13	)%
Latin America	1,335			1,311			1,134			1,043			998			(4	)%	(25	)%
Asia (4)	312			317			286			287			285			(1	)%	(9	)%
Total	$	2,076		$	2,068		$	1,885		$	1,681		$	1,657		(1	)%	(20	)%
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
ICG	$	23		$	20		$	31		$	28		$	23		(18	)%	—
Global Consumer Banking	52			46			45			54			57			6	%	10	%
Corporate/Other	20			20			16			21			7			(67	)%	(65	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (5)	$	95		$	86		$	92		$	103		$	87		(16	)%	(8	)%
OREO By Region:
North America	$	22		$	24		$	35		$	54		$	35		(35	)%	59	%
EMEA	16			6			6			1			1			—		(94	)%
Latin America	42			44			41			43			46			7	%	10	%
Asia	15			12			10			5			5			—		(67	)%
Total	$	95		$	86		$	92		$	103		$	87		(16	)%	(8	)%
Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—
Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	1,151		$	1,290		$	1,126		$	1,108		$	1,103		—		(4	)%
Consumer Non-Accrual Loans	2,076			2,068			1,885			1,681			1,657			(1	)%	(20	)%
Non-Accrual Loans (NAL)	3,227			3,358			3,011			2,789			2,760			(1	)%	(14	)%
OREO	95			86			92			103			87			(16	)%	(8	)%
Other Repossessed Assets	—			—			—			—			—
Non-Accrual Assets (NAA)	$	3,322		$	3,444		$	3,103		$	2,892		$	2,847		(2	)%	(14	)%
NAA as a % of Total Assets	0.19		%	0.20		%	0.18		%	0.17		%	0.17		%
Allowance for Loan Losses as a % of NAL	376		%	345		%	370		%	394		%	387		%

See Notes (1) - (6) on page 37.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

38

NON-ACCRUAL ASSETS - PAGE 3

CITI HOLDINGS

(In millions of dollars)

																2Q15 Increase
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2014			2014			2014			2015			2015			1Q15		2Q14
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	15		$	12		$	14		$	13		$	12		(8	)%	(20	)%
EMEA	44			41			39			37			41			11	%	(7	)%
Latin America	1			1			1			1			1			—		—
Asia	7			6			3			2			1			(50	)%	(86	)%
Total	$	67		$	60		$	57		$	53		$	55		4	%	(18	)%
Consumer Non-Accrual Loans By Region (2) (3)
North America	$	4,486		$	4,106		$	3,947		$	3,841		$	3,560		(7	)%	(21	)%
Latin America	51			53			54			43			36			(16	)%	(29	)%
Asia (4)	103			45			38			28			26			(7	)%	(75	)%
Total	$	4,640		$	4,204		$	4,039		$	3,912		$	3,622		(7	)%	(22	)%
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
OREO By Region (5):
North America	$	271		$	279		$	160		$	167		$	155		(7	)%	(43	)%
EMEA	28			12			2			—			—			—		(100	)%
Latin America	7			5			6			5			4			(20	)%	(43	)%
Asia	—			—			—			—			—			—		—
Total	$	306		$	296		$	168		$	172		$	159		(8	)%	(48	)%
Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—
Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	67		$	60		$	57		$	53		$	55		4	%	(18	)%
Consumer Non-Accrual Loans	4,640			4,204			4,039			3,912			3,622			(7	)%	(22	)%
Non-Accrual Loans (NAL)	4,707			4,264			4,096			3,965			3,677			(7	)%	(22	)%
OREO	306			296			168			172			159			(8	)%	(48	)%
Other Repossessed Assets	—			—			—			—			—
Non-Accrual Assets (NAA)	$	5,013		$	4,560		$	4,264		$	4,137		$	3,836		(7	)%	(23	)%
NAA as a % of Total Assets	3.39		%	3.33		%	3.31		%	3.39		%	3.31		%
Allowance for Loan Losses as a % of NAL	122		%	125		%	118		%	91		%	93		%

See Notes (1) - (6) on page 37.

Reclassified to conform to the current period’s presentation.

39

CITIGROUP

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(In millions of dollars, except per share amounts and ratios)

Tangible Common Equity and Tangible Book Value Per Share

Tangible Common Equity (TCE) and Tangible Book Value Per Share are non-GAAP financial measures.  A reconciliation of TCE and Tangible Book Value Per Share to reported results follows:

	June 30,		September 30,		December 31,		March 31,		June 30,
	2014		2014		2014		2015		2015(1)
Tangible Book Value Per Share (on page 1):
Common Equity	$	202,048	$	202,960	$	199,717	$	202,652	$	205,472
Less:
Goodwill	25,087		24,500		23,592		23,150		23,012
Intangible assets (other than MSRs)	4,702		4,525		4,566		4,244		4,071
Goodwill related to assets held-for-sale	116		—		71		174		122
Intangible assets (other than MSRs) related to assets held-for-sale	—		—		—		123		152
Tangible Common Equity (TCE)	$	172,143	$	173,935	$	171,488	$	174,961	$	178,115
Common Shares Outstanding (CSO)	3,031.8		3,029.5		3,023.9		3,034.1		3,009.8
Tangible Book Value Per Share (TCE/CSO)	$	56.78	$	57.41	$	56.71	$	57.66	$	59.18

	June 30,			September 30,			December 31,			March 31,			June 30,
	2014			2014			2014			2015			2015(1)
Common Equity Tier 1 Capital Ratio and Components
Citigroup Common Stockholders’ Equity(2)	$	202,165		$	203,077		$	199,841		$	202,782		$	205,610
Add: Qualifying noncontrolling interests	183			172			165			146			146
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(3)	(1,007		)	(979		)	(909		)	(823		)	(731		)
Cumulative unrealized net gain related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(4)	116			193			279			332			474
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(5)	24,465			23,678			22,805			22,448			22,312
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,506			4,307			4,373			4,184			4,153
Defined benefit pension plan net assets	1,066			1,179			936			897			815
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	25,139			24,654			23,626			23,190			23,760
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(6)	12,725			11,670			12,299			10,755			9,538
Common Equity Tier 1 Capital (CET1)	$	135,338		$	138,547		$	136,597		$	141,945		$	145,435
Risk-Weighted Assets (RWA)	$	1,280,845		$	1,301,660		$	1,292,605		$	1,283,758		$	1,279,405
Common Equity Tier 1 Capital Ratio (CET1/RWA)	10.57		%	10.64		%	10.57		%	11.06		%	11.4		%

(1)Preliminary.

(2)Excludes issuance costs related to preferred stock outstanding in accordance with Federal Reserve Board regulatory reporting requirements.

(3)Citi’s Common Equity Tier 1 Capital is adjusted for accumulated net unrealized gains (losses) on cash flow hedges included in accumulated other comprehensive income that relate to the hedging of items not recognized at fair value on the balance sheet.

(4)The cumulative impact of changes in Citigroup’s own creditworthiness in valuing liabilities for which the fair value option has been elected and own-credit valuation adjustments on derivatives are excluded from Common Equity Tier 1 Capital.

(5)Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(6)Aside from MSRs, reflects other DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions.  At June 30, 2015 and March 31, 2015, the deduction related only to DTAs arising from temporary differences.

Reclassified to conform to the current period’s presentation.

40