Exhibit 12.01

CITIGROUP INC.
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES

	Year ended December 31,
In millions of dollars, except for ratios	2011 (1)(3)(4)(5)		2010 (2)(3)(4)(5)		2009 (3)(4)(5)			2008 (3)(4)(5)			2007 (3)(4)(5)
EXCLUDING INTEREST ON DEPOSITS:
Fixed Charges
Interest expense (other than interest on deposits)	$	15,542	$	16,674	$	17,711		$	33,410		$	48,387
Interest factor in rent expense		503		493		522			734			623
Total fixed charges	$	16,045	$	17,167	$	18,233		$	34,144		$	49,010
Income
Income from continuing operations before taxes, minority interest
and cumulative effect of accounting changes	$	14,624	$	13,184	$	(7,799	)	$	(52,355	)	$	646
Fixed charges (excluding preferred stock dividends)		16,045		17,167		18,233			34,144			49,010
Total income	$	30,669	$	30,351	$	10,434		$	(18,211	)	$	49,656
Ratio of income to fixed charges excluding interest on deposits		1.91		1.77		NM			NM			1.01
INCLUDING INTEREST ON DEPOSITS:
Fixed Charges
Interest expense	$	24,234	$	25,096	$	27,902		$	53,133		$	75,958
Interest factor in rent expense		503		493		522			734			623
Total fixed charges	$	24,737	$	25,589	$	28,424		$	53,867		$	76,581
Income
Income from continuing operations before taxes, minority interest
and cumulative effect of accounting changes	$	14,624	$	13,184	$	(7,799	)	$	(52,355	)	$	646
Fixed charges (excluding preferred stock dividends)		24,737		25,589		28,424			53,867			76,581
Total income	$	39,361	$	38,773	$	20,625		$	1,512		$	77,227
Ratio of income to fixed charges including interest on deposits		1.59		1.52		NM			NM			1.01

(1) On March 1, 2011, Citigroup announced an agreement to sell its Egg credit card business to Barclays Bank PLC. Citigroup reports this business separately as discontinued operations in the Company's Consolidated Statement of Income for the first, second and third quarters of 2011 only. The calculation of the ratio of income to fixed charges excludes discontinued operations. Prior periods have not been restated due to the immateriality of the impact in those periods.

(2) On September 17, 2010, Citigroup announced an agreement to sell its The Student Loan Corporation to Discover Financial Services ("Discover") and SLM Corporation ("Sallie Mae"). Citigroup reports these businesses separately as discontinued operations in the Company's Consolidated Statement of Income for the third and fourth quarters of 2010 only. The calculation of the ratio of income to fixed charges excludes discontinued operations. Prior periods have not been restated due to the immateriality of the impact in those periods.

(3) On May 1, 2009, Citigroup announced an agreement to sell its Nikko Cordial Securities to Sumitomo Mitsui Banking Corporation (hereafter SMBC). Citigroup reports these businesses separately as discontinued operations in the Company's Consolidated Statement of Income. The calculation of the ratio of income to fixed charges excludes discontinued operations. Prior periods have been restated on a comparable basis.

(4) On July 11, 2008, the Company announced an agreement to sell its German retail banking operations to Credit Mutuel. Citigroup reports these businesses separately as discontinued operations in the Company's Consolidated Statement of Income. The calculation of the ratio of income to fixed charges excludes discontinued operations. Prior periods have been restated on a comparable basis.

(5) On April 17, 2008, Citigroup announced an agreement to sell most of Citigroup’s CitiCapital business unit to GE Capital. Citigroup reports these businesses separately as discontinued operations in the Company's Consolidated Statement of Income. The calculation of the ratio of income to fixed charges excludes discontinued operations. Prior periods have been restated on a comparable basis.