EX-99 2 it122608.txt ISSUANCE TRUST MONTHLY 10-D/A DEC'08 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2008 ============================================================================== This Report relates to the Due Period ending December 26, 2008 and the related Payment Dates for the Notes.
A. Information Regarding the Master Trust portfolio ------------------------------------------------- 1. Portfolio Yield for the Collateral Certificate ......... 7.65% Yield Component ................................... 15.46% Credit Loss Component ............................. 7.81% 2. New Purchase Rate ..................................... 21.56% 3. Total Payment Rate .................................... 18.69% 4. Principal Payment Rate ................................ 17.77% 5. Aggregate Amount of Principal Receivables in the Trust : Beginning of Due Period ............................ $ 75,902,657,926 Average ............................................ $ 76,158,012,307 Lump Sum Addition/(Removal) ........................ $ -160,923,947 End of Due Period .................................. $ 77,565,021,748
6. Delinquencies (Aggregate outstanding balances in the Accounts that were delinquent by the time periods listed below as of the close of business of the month preceding the Payment Dates, as a percentage of aggregate Receivables as of the last day of the Due Period) :
Current .......................................... $ 72,539,306,630 5-34 days delinquent ........................... $ 2,707,226,299 35-64 days delinquent ........................... $ 1,187,447,239 65-94 days delinquent ........................... $ 919,345,304 95-124 days delinquent ........................... $ 744,767,325 125-154 days delinquent ........................... $ 648,960,363 155-184 days delinquent ........................... $ 543,246,625 Current ........................................... 91.48% 5-34 days delinquent ........................... 3.41% 35-64 days delinquent ........................... 1.50% 65-94 days delinquent ........................... 1.16% 95-124 days delinquent ........................... 0.94% 125-154 days delinquent ........................... 0.82% 155-184 days delinquent ........................... 0.69%
Page 1 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2008 ==============================================================================
Current Due Current Due Period on an Period on a Actual Basis (1) Standard Basis (1) B. Information Regarding the Collateral Certificate ------------------------------------------------- (Percentage Basis) 1. Portfolio Yield 7.65% 7.65% 2. Weighted Average Interest Rate (2) 2.84% 2.84% 3. Weighted Average Investor Fee Rates Fixed Servicing Fee 0.37% 0.37% Others 0.03% 0.03% 4. Surplus Finance Charge Collections 4.41% 4.41% 5. Surplus Finance Charge Collections For Purposes of Funding Class C Reserve Account 4.14% 4.14% 6. Required Surplus Finance Charge Amount 0.00% 0.00% 7. Aggregate Surplus Finance Charge Amount 4.41% 4.41% minus Required Surplus Finance Charge Amount
C. Information Regarding the Collateral Certificate ------------------------------------------------- (Dollars Basis) 1. Total Investor Collections $12,720,887,125 $12,720,877,375 Principal Collections $11,817,999,044 $11,817,999,044 Finance Charge Collections $ 902,888,081 $ 902,878,331 2. Investor Default Amount $ 454,250,362 $ 454,250,362 3. Targeted Deposit to Interest Funding Account (3) $ 146,727,795 $ 146,677,159 4. Investor Monthly Fees Fixed Servicing Fees $ 20,502,455 $ 20,504,860 Others $ 1,866,333 $ 1,866,333 5. Surplus Finance Charge Collections $ 279,541,136 $ 279,579,617 6. Required Surplus Finance Charge Collections $ 0 $ 0 7. Aggregate Surplus Finance Charge Amount $ 279,541,136 $ 279,579,617 minus Required Surplus Finance Charge Amount
(1) Values for "Current Due Period on an Actual Basis" reflect, in the case of a first due period close of a tranche of Notes, activity from the close date until the first due period end, or, as in the case of Targeted Deposit to Interest Funding Account and certain fees, until the first Monthly Interest Date. Values for "Current Due Period on a Standard Basis" reflect activity for the entire current period, as if all Notes had already been outstanding prior to the first day of such period. All percents are based on actual cash revenue or expense for the period, converted to an annualized percent using day count appropriate for the item, either 30/360, actual/360, or actual/actual. Depending on the item, cash expenses may accrue from November 25, 2008 to December 26, 2008, 32 days, or December 2 , 2008 to January 1 , 2009, 31 days (standard basis). (2) Defined in the definition section of the Indenture (3) Referenced in sections 501 and 503 of the Indenture Page 2 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2008 ==============================================================================
D. Information Regarding Notes of Citiseries ---------------------------------------------------- (Aggregate Basis) 1a. Class A Outstanding Dollar Principal Amount ............ $58,830,249,918 For all Classes except Class 2001-A3 (Dakota) ............ $47,830,249,918 For Class 2001-A3 (Dakota) ............................... $11,000,000,000 1b. Class B Outstanding Dollar Principal Amount ............ $ 3,075,000,000 1c. Class C Outstanding Dollar Principal Amount ............ $ 4,032,000,000 2a. Targeted Deposit to Class A Interest Funding Account ..... $ 121,868,010 2b. Targeted Deposit to Class B Interest Funding Account ..... $ 8,004,274 2c. Targeted Deposit to Class C Interest Funding Account ..... $ 16,855,510 3a. Balance in the Class A Interest Funding Account ......... $ 306,011,060 3b Balance in the Class B Interest Funding Account ......... $ 17,053,038 3c Balance in the Class C Interest Funding Account ......... $ 25,666,969 4a. Targeted Deposit to Class A Principal Funding Account .... $ 0 4b. Targeted Deposit to Class B Principal Funding Account .... $ 0 4c. Targeted Deposit to Class C Principal Funding Account .... $ 565,000,000 5a. Balance in the Class A Principal Funding Account ........ $ 0 5b. Balance in the Class B Principal Funding Account ........ $ 0 5c. Balance in the Class C Principal Funding Account ........ $ 0 6. Targeted Deposit to Class C Reserve Account ............. $ 659,372,499 7. Balance in the Class C Reserve Account .................. $ 279,541,136
Data Applicable to all Classes Except 2001-A3 (Dakota) ------------------------------------------------------- 8a. Maximum enhancement amount available to Outstanding Class A Notes from Class B Notes ............ $ 2,861,640,805 8b. As a Percentage of Class A Outstanding Dollar Principal Amount ................................. 5.98291% 8c. Maximum enhancement amount available to Outstanding Class A Notes from Class C Notes ............ $ 3,815,519,479 8d. As a Percentage of Class A Outstanding Dollar Principal Amount ................................. 7.97721% 8e. Maximum enhancement amount available to Outstanding Class B Notes from Class C Notes ............ $ 4,099,999,897 8f. As a Percentage of Class B Outstanding Dollar Principal Amount ................................. 133.33333%
Data Applicable only to Class 2001-A3 (Dakota) (1) ------------------------------------------------------- 9a. Maximum enhancement amount available to Outstanding Class 2001-A3 Notes (Dakota) from Class C Notes ......... $ 764,705,700 9b. As a Percentage of Class 2001-A3 Notes (Dakota) Outstanding Dollar Principal Amount ..................... 6.95187% 9c. Maximum enhancement amount available to Outstanding Class 2001-A3 Notes (Dakota) from Class B Notes ......... $ 0 9d. As a Percentage of Class 2001-A3 Notes (Dakota) Outstanding Dollar Principal Amount ..................... 0.00000%
----------------------------------------------------------------------------- (1) All conditions precedent were satisfied for the issuance of new tranches of Dakota CP Notes during Due Period ending December 26, 2008, including the condition that the weighted average remaining life to Expected Principal Payment Date of all Dakota CP Notes be 60 days or less. Page 3 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2008 ==============================================================================
Data Applicable to all Classes ------------------------------- 10a. Reduction in the Class A Nominal Liquidation Amount resulting from an allocation of Investor Charge-Offs ................................ $ 0 10b. Reduction in the Class B Nominal Liquidation Amount resulting from an allocation of Investor Charge-Offs or a reallocation of Principal Collections to pay interest on Class A Notes ........... $ 0 10c. Reduction in the Class C Nominal Liquidation Amount resulting from an allocation of Investor Charge-Offs or a reallocation of Principal Collections to pay interest on Class A or Class B Notes . $ 0 11a. Reimbursement of Class A Nominal Liquidation Amount .... $ 0 11b. Reimbursement of Class B Nominal Liquidation Amount .... $ 0 11c. Reimbursement of Class C Nominal Liquidation Amount .... $ 0
E. Information Regarding Distributions to Noteholders of Citiseries ----------------------------------------------------------------- (Aggregate Basis) 1a. The total amount of the distribution to Class A Noteholders on the applicable Payment Dates ......................... $ 116,198,426 1b. The total amount of the distribution to Class B Noteholders on the applicable Payment Dates ......................... $ 6,019,705 1c. The total amount of the distribution to Class C Noteholders on the applicable Payment Dates ......................... $ 573,381,552 2a. The amount of the distribution set forth in item 1(a) above in respect of principal on the Class A Notes ........ $ 0 2b. The amount of the distribution set forth in item 1(b) above in respect of principal on the Class B Notes ........ $ 0 2c. The amount of the distribution set forth in item 1(c) above in respect of principal on the Class C Notes ........ $ 565,000,000 3a. The amount of the distribution set forth in item 1(a) above in respect of interest on the Class A Notes ........ $ 116,198,426 3b. The amount of the distribution set forth in item 1(b) above in respect of interest on the Class B Notes ........ $ 6,019,705 3c. The amount of the distribution set forth in item 1(c) above in respect of interest on the Class C Notes ........ $ 8,381,552 4a. The amount, if any, by which the Adjusted Outstanding Dollar Principal Amount of the Class A Notes exceeds the Class A Nominal Liquidation Amount as of the Record Date with respect to the applicable Payment Dates ...... $ 0 4b. The amount, if any, by which the Adjusted Outstanding Dollar Principal Amount of the Class B Notes exceeds the Class B Nominal Liquidation Amount as of the Record Date with respect to the applicable Payment Dates ...... $ 0 4c. The amount, if any, by which the Adjusted Outstanding Dollar Principal Amount of the Class C Notes exceeds the Class C Nominal Liquidation Amount as of the Record Date with respect to the applicable Payment Dates ...... $ 0
Page 4 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2008 ==============================================================================
F. Information Regarding Notes of Citiseries ------------------------------------------------------------------------------------------------------- (The information reported is for the Due Period ending December 26, 2008 and giving effect to all deposits, allocations, reallocations and payments to be made in the month after the end of this Due Period.) ------------------------------------------------------------------------------------------------------- (Individual Tranche Basis) 1a. Outstanding Dollar Principal Amount, Interest Payments and Deposits to Interest Funding Sub-Accounts Class/ Outstanding Monthly Targeted Actual Cumulative Interest Interest Tranche Dollar Accretion Deposit to Deposit to Shortfall Funding Payment Principal the the In Interest Sub-Account On Payment Amount Interest Interest Funding Balance(2) Date(3) Funding Funding Sub-Account Account(1) Account --------------- ---------------- ----------- ----------- ----------- ----------- ----------- ------------ Class 2001-A3 11,000,000,000 0 5,322,341 5,322,341 0 0 5,322,341 Class 2001-A4 1,108,750,000 0 4,832,815 4,832,815 0 0 13,766,200 Class 2001-A7 420,000,000 0 825,956 825,956 0 1,571,981 0 Class 2002-A10 1,000,000,000 0 1,143,958 1,143,958 0 0 1,143,958 Class 2002-A4 750,000,000 0 1,328,906 1,328,906 0 0 1,328,906 Class 2002-A8 1,000,000,000 0 1,721,875 1,721,875 0 0 1,721,875 Class 2002-C2 350,000,000 0 2,027,083 2,027,083 0 10,135,417 0 Class 2003-A10 500,000,000 0 931,402 931,402 0 1,979,167 0 Class 2003-A7 650,000,000 0 1,163,906 1,163,906 0 0 13,487,500 Class 2003-C4 300,000,000 0 1,250,000 1,250,000 0 1,250,000 0 Class 2004-A2 1,480,000,000 0 3,103,497 3,103,497 0 5,924,858 0 Class 2004-A3 1,000,000,000 0 3,310,313 3,310,313 0 0 9,429,375 Class 2004-A5 473,410,131 0 1,908,663 1,908,663 0 0 5,487,407 Class 2004-A6 394,508,442 0 1,607,175 1,607,175 0 0 4,620,628 Class 2004-A7 1,200,000,000 0 2,467,443 2,467,443 0 4,710,573 0 Class 2004-A8 750,000,000 0 1,356,644 1,356,644 0 3,062,500 0 Class 2004-B1 250,000,000 0 146,510 146,510 0 0 146,510 Class 2004-B2 250,000,000 0 457,552 457,552 0 0 457,552 Class 2004-C1 225,000,000 0 357,469 357,469 0 0 357,469 Class 2005-A1 338,581,344 0 635,893 635,893 0 1,230,760 0 Class 2005-A2 875,000,000 0 1,555,641 1,555,641 0 14,145,833 0 Class 2005-A3 1,375,000,000 0 669,596 669,596 0 0 669,596 Class 2005-A4 300,000,000 0 141,979 141,979 0 1,100,000 0 Class 2005-A5 200,000,000 0 98,358 98,358 0 758,333 0 Class 2005-A6 1,500,000,000 0 5,429,688 5,429,688 0 0 16,651,042 Class 2005-A7 750,000,000 0 314,469 314,469 0 8,906,250 0 Class 2005-A8 875,000,000 0 407,057 407,057 0 0 407,057 Class 2005-A9 500,000,000 0 256,811 256,811 0 4,250,000 0 Class 2005-C1 75,000,000 0 343,750 343,750 0 1,375,000 0 Class 2005-C2 175,000,000 0 149,388 149,388 0 0 149,388 Class 2005-C3 375,000,000 0 518,281 518,281 0 0 518,281 Class 2005-C6 175,000,000 0 229,809 229,809 0 0 229,809 Class 2006-A1 700,000,000 0 1,485,313 1,485,313 0 3,020,135 0 Class 2006-A2 1,500,000,000 0 6,062,500 6,062,500 0 30,312,500 0 Class 2006-A3 750,000,000 0 3,312,500 3,312,500 0 13,250,000 0 Class 2006-A4 1,300,000,000 0 5,904,167 5,904,167 0 11,808,333 0 Class 2006-A5 750,000,000 0 3,312,500 3,312,500 0 6,625,000 0 Class 2006-A6 2,000,000,000 0 863,958 863,958 0 0 863,958 Class 2006-A7 1,000,000,000 0 4,463,858 4,463,858 0 1,770,660 0 Class 2006-A8 1,000,000,000 0 4,171,667 4,171,667 0 0 12,247,500 Class 2006-B1 600,000,000 0 993,125 993,125 0 0 993,125 Class 2006-B2 400,000,000 0 1,716,667 1,716,667 0 6,866,667 0 Class 2006-C1 500,000,000 0 365,521 365,521 0 0 365,521 Class 2006-C2 200,000,000 0 950,000 950,000 0 1,900,000 0 Class 2006-C3 250,000,000 0 453,385 453,385 0 0 453,385 Class 2006-C4 500,000,000 0 2,151,563 2,151,563 0 0 873,438 Class 2007-A1 2,000,000,000 0 8,068,333 8,068,333 0 2,609,167 0 Class 2007-A10 1,100,000,000 0 2,293,958 2,293,958 0 0 2,293,958 Class 2007-A11 1,200,000,000 0 2,612,500 2,612,500 0 0 2,612,500 Class 2007-A2 1,750,000,000 0 3,153,646 3,153,646 0 6,412,413 0 Class 2007-A3 665,000,000 0 852,430 852,430 0 3,408,125 0 Class 2007-A4 225,000,000 0 435,211 435,211 0 435,211 0 Class 2007-A5 750,000,000 0 3,437,500 3,437,500 0 3,437,500 0 Class 2007-A6 1,000,000,000 0 4,507,917 4,507,917 0 0 12,021,875 Class 2007-A7 3,250,000,000 0 2,244,983 2,244,983 0 0 2,244,983 Class 2007-A8 1,750,000,000 0 8,239,583 8,239,583 0 32,958,333 0 Class 2007-A9 500,000,000 0 680,590 680,590 0 0 680,590 Class 2007-B1 200,000,000 0 710,847 710,847 0 0 2,109,611 Class 2007-B2 200,000,000 0 833,333 833,333 0 2,500,000 0 Class 2007-B5 800,000,000 0 1,664,167 1,664,167 0 0 1,664,167 Class 2007-B6 200,000,000 0 833,333 833,333 0 1,666,667 0 Class 2008-A1 900,000,000 0 4,012,500 4,012,500 0 20,062,500 0 Class 2008-A2 1,850,000,000 0 2,586,724 2,586,724 0 0 2,586,724 Class 2008-A3 1,850,000,000 0 2,991,026 2,991,026 0 0 2,991,026 Class 2008-A4 500,000,000 0 1,355,210 1,355,210 0 0 1,355,210 Class 2008-A5 500,000,000 0 2,020,833 2,020,833 0 6,062,500 0 Class 2008-A6 1,150,000,000 0 1,581,809 1,581,809 0 0 1,581,809 Class 2008-A7 450,000,000 0 682,406 682,406 0 0 682,406 Class 2008-B1 175,000,000 0 648,740 648,740 0 0 648,740 Class 2008-C1 0 0 1,852,455 1,852,455 0 0 1,852,455 Class 2008-C10 13,000,000 0 260,413 260,413 0 0 260,413 Class 2008-C6 500,000,000 0 2,625,000 2,625,000 0 2,625,000 0 Class 2008-C7 58,000,000 0 296,920 296,920 0 0 296,920 Class 2008-C8 200,000,000 0 1,572,042 1,572,042 0 0 1,572,042 Class 2008-C9 136,000,000 0 1,452,433 1,452,433 0 0 1,452,433 Total 65,937,249,918 0 146,727,795 146,727,795 0 218,131,383 130,599,683
(1) Referenced in sections 501 and 503 of the Indenture (2) The Interest Funding Sub-Account Balance reflects the Trust Targeted Deposit to the Interest Funding Account and net settlement of any U.S. dollar-denominated swap. (3) For Notes denominated in US dollars this column represents the Note coupon payment to investors on the related Payment Date. For Notes not denominated in U.S. dollars this column represents the currency swap payment to the counterparty on the related Swap Payment Date. CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2008 ==============================================================================
1b. Outstanding Dollar Principal Amount and Investor Interest Payments Class/ Outstanding Investor Investor Payment Monthly Investor's Investor's SWAP Expected Legal Tranche Dollar Interest Interest Date(1) Interest Current Interest Yes/ Principal Maturity Principal Rate PMT Accrual Period PMT On Pmt No Payment Date Amount Fixed/ Frequency Period Interest Date (2) Date Floating (3) Rate -------------- -------------- -------- ------------------ -------- -------- ---------- --------------- ---- ---------- ---------- Class 2001-A7 420,000,000 Floating Feb, May, Aug, Nov 15 15 - 15 2.28375 0.00 No 08/15/2011 08/15/2013 Class 2002-A10 1,000,000,000 Floating Monthly 17 17 - 20 1.21125 1,143,958.33 No 12/17/2012 12/17/2014 Class 2002-A4 750,000,000 Floating Monthly 7 8 - 7 2.12625 1,328,906.25 No 06/09/2014 06/07/2016 Class 2002-A8 1,000,000,000 Floating Monthly 7 8 - 7 2.06625 1,721,875.00 No 11/09/2009 11/07/2011 Class 2002-C2 350,000,000 Fixed Feb, Aug 15 15 - 15 6.95000 0.00 No 02/15/2012 02/18/2014 Class 2003-A10 500,000,000 Fixed Jun, Dec 10 10 - 12 4.75000 0.00 Yes 12/10/2013 12/10/2015 Class 2003-A7 650,000,000 Fixed Jan, Jul 7 8 - 7 4.15000 13,487,500.02 Yes 07/07/2015 07/07/2017 Class 2003-C4 300,000,000 Fixed Jun, Dec 10 10 - 12 5.00000 0.00 No 06/10/2013 06/10/2015 Class 2004-A3 1,000,000,000 Floating Jan, Apr, Jul, Oct 24 24 - 26 3.61125 9,429,375.00 No 07/24/2009 07/25/2011 Class 2004-A7 1,200,000,000 Floating Feb, May, Aug, Nov 24 24 - 26 2.24313 0.00 No 11/25/2011 11/25/2013 Class 2004-A8 750,000,000 Fixed Jun, Dec 10 10 - 12 4.90000 0.00 Yes 12/10/2014 12/12/2016 Class 2004-B1 250,000,000 Floating Monthly 20 22 - 20 0.72750 146,510.42 No 05/20/2009 05/20/2011 Class 2004-B2 250,000,000 Floating Monthly 7 8 - 7 2.19625 457,552.08 No 10/07/2011 10/07/2013 Class 2004-C1 225,000,000 Floating Monthly 15 15 - 15 1.84500 357,468.75 No 07/15/2011 07/15/2013 Class 2005-A2 875,000,000 Fixed Mar, Sep 10 10 - 12 4.85000 0.00 Yes 03/10/2015 03/10/2017 Class 2005-A3 1,375,000,000 Floating Monthly 24 24 - 26 0.53125 669,596.35 No 04/24/2012 04/24/2014 Class 2005-A4 300,000,000 Fixed Jun, Dec 20 22 - 20 4.40000 0.00 Yes 06/20/2012 06/20/2014 Class 2005-A5 200,000,000 Fixed Jun, Dec 20 22 - 20 4.55000 0.00 Yes 06/22/2015 06/20/2017 Class 2005-A6 1,500,000,000 Floating Jan, Apr, Jul, Oct 7 8 - 7 4.34375 16,651,041.66 No 10/07/2009 10/07/2011 Class 2005-A7 750,000,000 Fixed Apr, Oct 20 22 - 20 4.75000 0.00 Yes 10/20/2010 10/22/2012 Class 2005-A8 875,000,000 Floating Monthly 20 22 - 20 0.57750 407,057.29 No 10/22/2012 10/20/2014 Class 2005-A9 500,000,000 Fixed May, Nov 20 22 - 20 5.10000 0.00 Yes 11/20/2015 11/20/2017 Class 2005-C1 75,000,000 Fixed Mar, Sep 24 24 - 26 5.50000 0.00 No 03/24/2015 03/24/2017 Class 2005-C2 175,000,000 Floating Monthly 24 24 - 26 0.93125 149,388.02 No 03/24/2015 03/24/2017 Class 2005-C3 375,000,000 Floating Monthly 15 15 - 15 1.60500 518,281.25 No 07/16/2012 07/15/2014 Class 2005-C6 175,000,000 Floating Monthly 15 15 - 15 1.52500 229,809.03 No 11/15/2010 11/15/2012 Class 2006-A1 700,000,000 Floating Feb, May, Aug, Nov 7 8 - 7 2.54625 0.00 No 02/07/2013 02/09/2015 Class 2006-A2 1,500,000,000 Fixed Feb, Aug 10 10 - 12 4.85000 0.00 No 02/10/2009 02/10/2011 Class 2006-A3 750,000,000 Fixed Mar, Sep 15 15 - 15 5.30000 0.00 No 03/15/2016 03/15/2018 Class 2006-A4 1,300,000,000 Fixed May, Nov 10 10 - 12 5.45000 0.00 No 05/10/2011 05/10/2013 Class 2006-A5 750,000,000 Fixed May, Nov 20 22 - 20 5.30000 0.00 No 05/20/2009 05/20/2011 Class 2006-A6 2,000,000,000 Floating Monthly 24 24 - 26 0.47125 863,958.33 No 05/24/2010 05/24/2012 Class 2006-A7 1,000,000,000 Floating Mar, Jun, Sep, Dec 15 15 - 15 2.05625 0.00 Yes 12/15/2016 12/17/2018 Class 2006-A8 1,000,000,000 Floating Apr, Jul, Oct, Jan 15 15 - 15 4.79250 12,247,500.00 Yes 12/15/2016 12/17/2018 Class 2006-B1 600,000,000 Floating Monthly 7 8 - 7 1.98625 993,125.00 No 03/09/2009 03/07/2011 Class 2006-B2 400,000,000 Fixed Mar, Sep 7 8 - 7 5.15000 0.00 No 03/09/2009 03/07/2011 Class 2006-C1 500,000,000 Floating Monthly 20 22 - 20 0.90750 365,520.83 No 02/20/2013 02/20/2015 Class 2006-C2 200,000,000 Fixed May, Nov 15 15 - 15 5.70000 0.00 No 05/16/2011 05/15/2013 Class 2006-C3 250,000,000 Floating Monthly 7 8 - 7 2.17625 453,385.42 No 06/07/2011 06/07/2013 Class 2006-C4 500,000,000 Floating Monthly 7 8 - 7 2.09625 873,437.50 Yes 01/07/2010 01/09/2012 Class 2007-A1 2,000,000,000 Floating Mar, Jun, Sep, Dec 22 22 - 22 1.51500 0.00 Yes 03/22/2010 03/22/2012 Class 2007-A10 1,100,000,000 Floating all 10 10 - 12 2.27500 2,293,958.33 No 12/10/2012 12/10/2014 Class 2007-A11 1,200,000,000 Floating all 10 10 - 12 2.37500 2,612,500.00 No 01/12/2015 01/10/2017 Class 2007-A2 1,750,000,000 Floating Feb, May, Aug, Nov 21 22 - 21 2.16250 0.00 No 05/21/2010 05/21/2012 Class 2007-A3 665,000,000 Fixed Jun, Dec 15 15 - 15 6.15000 0.00 Yes 06/15/2037 06/15/2039 Class 2007-A4 225,000,000 Floating Sep, Dec, Mar, Jun 15 15 - 15 2.24625 0.00 No 06/15/2037 06/15/2039 Class 2007-A5 750,000,000 Fixed Jun, Dec 22 22 - 22 5.50000 0.00 No 06/22/2010 06/22/2012 Class 2007-A6 1,000,000,000 Floating Oct, Jan Apr, Jul 12 12 - 12 4.80875 12,021,875.01 Yes 07/12/2010 07/12/2012 Class 2007-A7 3,250,000,000 Floating all 20 22 - 20 0.85750 2,244,982.64 No 08/20/2012 08/20/2014 Class 2007-A8 1,750,000,000 Fixed Mar, Sep 20 22 - 20 5.65000 0.00 No 09/20/2017 09/20/2019 Class 2007-A9 500,000,000 Floating all 17 17 - 20 1.44125 680,590.28 No 10/17/2017 10/17/2019 Class 2007-B1 200,000,000 Floating Apr, Jul, Oct, Jan 2 2 - 2 4.12750 2,109,611.11 No 04/02/2010 04/02/2012 Class 2007-B2 200,000,000 Fixed Apr, Oct 2 2 - 2 5.00000 0.00 No 04/02/2010 04/02/2012 Class 2007-B5 800,000,000 Floating all 7 8 - 7 2.49625 1,664,166.67 No 11/07/2012 11/07/2014 Class 2007-B6 200,000,000 Fixed May, November 8 8 - 8 5.00000 0.00 No 11/08/2010 11/08/2012 Class 2008-A1 900,000,000 Fixed Feb, Aug 7 8 - 7 5.35000 0.00 No 02/07/2018 02/07/2020 Class 2008-A2 1,850,000,000 Floating all 23 23 - 23 1.62375 2,586,723.96 No 01/23/2018 01/23/2020 Class 2008-A3 1,850,000,000 Floating all 18 18 - 20 1.76375 2,991,026.04 No 05/18/2009 05/18/2011 Class 2008-A5 500,000,000 Fixed Apr, Oct 22 22 - 22 4.85000 0.00 No 04/22/2013 04/22/2015 Class 2008-A6 1,150,000,000 Floating all 20 22 - 20 1.70750 1,581,809.03 No 05/20/2015 05/22/2017 Class 2008-A7 450,000,000 Floating all 20 22 - 20 1.88250 682,406.25 No 05/21/2018 05/20/2020 Class 2008-C6 500,000,000 Fixed June, December 20 22 - 20 6.30000 0.00 No 06/20/2012 06/20/2014 Total 50,060,000,000 93,964,895.85 --------------------------------------------------------------------------------------------------------------------------------- (1) If the Payment Date is not a Business Day, then the Payment Date will be the succeeding Business Day. (2) The record date for payment of the notes is the last day of the month before the related payment date. (3) For a newly issued class of notes, interest begins to accrue on the issuance date of that class.
2a. Principal Payments and Deposits to Principal Funding Sub-Accounts for all Deals except 2001-A3 (Dakota) Class/Tranche Targeted Actual Cumulative Principal Principal Principal Principal Shortfall in Funding Payment On Monthly Monthly Principal Sub-Account Payment Date Deposit Deposit Funding Balance Sub-Account --------------- --------------- --------------- --------------- --------------- --------------- Class 2008-C1 565,000,000 565,000,000 0 0 565,000,000 Total 565,000,000 565,000,000 0 0 565,000,000
2b. Principal Payments and Deposits to Principal Funding Sub-Accounts for 2001-A3 (Dakota) only Class/Tranche Targeted Actual Cumulative Principal Principal Principal Principal Shortfall in Funding Payment On Monthly Monthly Principal Sub-Account Payment Date Deposit Deposit Funding Balance Sub-Account --------------- --------------- --------------- --------------- --------------- --------------- Nothing to report for this period.
Page 5 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2008 ==============================================================================
3a. Funding the Class 'C' Reserve Sub-Accounts 1) 3 Month Average Surplus Finance Charge Collections for purposes of Funding the Class C Reserve Sub-Accounts 4.41% 2) Is the 3 Month Average Surplus Finance Charge Collections for purposes of Funding the Class C Reserve Sub-Accounts less than or equal to 4.50% Yes
3b. Deposits to and Withdrawals from Class C Reserve Sub-Accounts ------------------------------------------------------------- Class/Tranche Class C Targeted Reserve Actual Class C Cumulative Deposit to Sub-Account Deposit to Withdrawals Reserve Shortfall in Class C Ending Class C from Class C Sub-Account Class C Reserve Balance as of Reserve Reserve Ending Reserve Sub-Account Prior due period Sub-Account Sub-Account Balance Sub-Account --------------- --------------- --------------- --------------- --------------- --------------- --------------- Class 2002-C2 57,237,197 0 24,265,723 0 24,265,723 32,971,474 Class 2003-C4 49,060,455 0 20,799,192 0 20,799,192 28,261,263 Class 2004-C1 36,795,340 0 15,599,394 0 15,599,394 21,195,946 Class 2005-C1 12,265,113 0 5,199,798 0 5,199,798 7,065,315 Class 2005-C2 28,618,598 0 12,132,862 0 12,132,862 16,485,736 Class 2005-C3 61,325,567 0 25,998,990 0 25,998,990 35,326,577 Class 2005-C6 28,618,598 0 12,132,862 0 12,132,862 16,485,736 Class 2006-C1 81,767,423 0 34,665,319 0 34,665,319 47,102,104 Class 2006-C2 32,706,969 0 13,866,128 0 13,866,128 18,840,841 Class 2006-C3 40,883,711 0 17,332,660 0 17,332,660 23,551,051 Class 2006-C4 81,767,423 0 34,665,319 0 34,665,319 47,102,104 Class 2008-C6 81,767,423 0 34,665,319 0 34,665,319 47,102,104 Class 2008-C7 9,485,021 0 4,021,177 0 4,021,177 5,463,844 Class 2008-C8 32,706,969 0 13,866,128 0 13,866,128 18,840,841 Class 2008-C9 22,240,739 0 9,428,967 0 9,428,967 12,811,772 Class 2008-C10 2,125,953 0 901,298 0 901,298 1,224,655 Total 659,372,499 0 279,541,136 0 279,541,136 379,831,363
3c. Actual Deposits by Source to Class C Reserve Sub-Accounts ------------------------------------------------------------- Class/Tranche Prior period Required Surplus Withdrawls Total Funding Finance Treated as Finance Resulting Total Charge Finance Charge Charge From New Actual Collections Collections Collections Issuance of Notes Deposits --------------- --------------- --------------- --------------- ----------------- --------------- Class 2002-C2 24,265,723 0 24,265,723 0 24,265,723 Class 2003-C4 20,799,192 0 20,799,192 0 20,799,192 Class 2004-C1 15,599,394 0 15,599,394 0 15,599,394 Class 2005-C1 5,199,798 0 5,199,798 0 5,199,798 Class 2005-C2 12,132,862 0 12,132,862 0 12,132,862 Class 2005-C3 25,998,990 0 25,998,990 0 25,998,990 Class 2005-C6 12,132,862 0 12,132,862 0 12,132,862 Class 2006-C1 34,665,319 0 34,665,319 0 34,665,319 Class 2006-C2 13,866,128 0 13,866,128 0 13,866,128 Class 2006-C3 17,332,660 0 17,332,660 0 17,332,660 Class 2006-C4 34,665,319 0 34,665,319 0 34,665,319 Class 2008-C6 34,665,319 0 34,665,319 0 34,665,319 Class 2008-C7 4,021,177 0 4,021,177 0 4,021,177 Class 2008-C8 13,866,128 0 13,866,128 0 13,866,128 Class 2008-C9 9,428,967 0 9,428,967 0 9,428,967 Class 2008-C10 901,298 0 901,298 0 901,298 Total 279,541,136 0 279,541,136 0 279,541,136
3d. Withdrawals from Class C Reserve Sub-Accounts ------------------------------------------------------------- Class/Tranche Release of Release of Funds in Funds in Excess of Class C Reserve Total Targeted Sub-Account Actual Amount Due to Maturity Utilization Withdrawals --------------- --------------- --------------- --------------- --------------- Class 2002-C2 0 0 0 0 Class 2004-C1 0 0 0 0 Class 2005-C1 0 0 0 0 Class 2005-C2 0 0 0 0 Class 2005-C3 0 0 0 0 Class 2005-C6 0 0 0 0 Class 2006-C1 0 0 0 0 Class 2006-C2 0 0 0 0 Class 2006-C3 0 0 0 0 Class 2006-C4 0 0 0 0 Class 2008-C6 0 0 0 0 Class 2008-C7 0 0 0 0 Class 2008-C8 0 0 0 0 Class 2008-C9 0 0 0 0 Class 2008-C10 0 0 0 0 Total 0 0 0 0
4. Maximum Enhancement Amount Available to Class A Notes; Class A Usage of Class B and Class C Subordinated Amounts Class/Tranche Maximum Maximum Class A Class A Cumulative Cumulative Enhancement Enhancement Usage of Usage of Class A Class A Amount Amount Class B Class C Usage of Usage of Available Available Subordinated Subordinated Class B Class C from Class from Class Amount for Amount for Subordinated Subordinated B Notes C Notes this Due this Due Amount Amount Period Period --------------- ------------- ------------- ------------- ------------- ------------- -------------- Class 2001-A3 0 764,705,700 Class 2001-A4 66,335,515 88,447,316 Class 2001-A7 25,128,222 33,504,282 Class 2002-A10 59,829,100 79,772,100 Class 2002-A4 44,871,825 59,829,075 Class 2002-A8 59,829,100 79,772,100 Class 2003-A10 29,914,550 39,886,050 Class 2003-A7 38,888,915 51,851,865 Class 2004-A2 88,547,068 118,062,708 Class 2004-A3 59,829,100 79,772,100 Class 2004-A5 28,323,702 37,764,920 Class 2004-A6 23,603,085 31,470,767 Class 2004-A7 71,794,920 95,726,520 Class 2004-A8 44,871,825 59,829,075 Class 2005-A1 20,257,017 27,009,345 Class 2005-A2 52,350,463 69,800,588 Class 2005-A3 82,265,013 109,686,638 Class 2005-A4 17,948,730 23,931,630 Class 2005-A5 11,965,820 15,954,420 Class 2005-A6 89,743,650 119,658,150 Class 2005-A7 44,871,825 59,829,075 Class 2005-A8 52,350,463 69,800,588 Class 2005-A9 29,914,550 39,886,050 Class 2006-A1 41,880,370 55,840,470 Class 2006-A2 89,743,650 119,658,150 Class 2006-A3 44,871,825 59,829,075 Class 2006-A4 77,777,830 103,703,730 Class 2006-A5 44,871,825 59,829,075 Class 2006-A6 119,658,200 159,544,200 Class 2006-A7 59,829,100 79,772,100 Class 2006-A8 59,829,100 79,772,100 Class 2007-A1 119,658,200 159,544,200 Class 2007-A10 65,812,010 87,749,310 Class 2007-A11 71,794,920 95,726,520 Class 2007-A2 104,700,925 139,601,175 Class 2007-A3 39,786,352 53,048,447 Class 2007-A4 13,461,548 17,948,723 Class 2007-A5 44,871,825 59,829,075 Class 2007-A6 59,829,100 79,772,100 Class 2007-A7 194,444,575 259,259,325 Class 2007-A8 104,700,925 139,601,175 Class 2007-A9 29,914,550 39,886,050 Class 2008-A1 53,846,190 71,794,890 Class 2008-A2 110,683,835 147,578,385 Class 2008-A3 110,683,835 147,578,385 Class 2008-A4 29,914,550 39,886,050 Class 2008-A5 29,914,550 39,886,050 Class 2008-A6 68,803,465 91,737,915 Class 2008-A7 26,923,095 35,897,445 Total 2,861,640,805 4,580,225,179
Page 6 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION ============================================================================== CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For the Due Period Ending December 26, 2008 ==============================================================================
5. Maximum Enhancement Amount Available to Class B Notes; Class B Usage of Class C Subordinated Amounts Class/Tranche Maximum Enhancement Class B Usage of Cumulative Class B Amount Available from Class C Subordinated Usage of Class C Class C Notes Amount for this Due Subordinated Amount Period --------------- ------------------------ ------------------------ ------------------------ Class 2004-B1 333,333,325 Class 2004-B2 333,333,325 Class 2006-B1 799,999,980 Class 2006-B2 533,333,320 Class 2007-B1 266,666,660 Class 2007-B2 266,666,660 Class 2007-B5 1,066,666,640 Class 2007-B6 266,666,660 Class 2008-B1 233,333,328 Total 4,099,999,898
6. Reductions of and Reimbursements to Nominal Liquidation Amount Class/Tranche Reduction Reduction Cumulative Cumulative Reimbursements Resulting from Resulting from Reduction Reduction of prior an Allocation from a Resulting from Resulting from reductions of of Investor Reallocation an Allocation an Reallocation Nominal Charge-offs of Principal of Investor of Principal Liquidation for this Due Collections Charge-offs Collections to Amount for Period to pay (net of pay interest on this Due interest on Reimbursements) senior classes Period senior of Notes (net of classes of Reimbursements) Notes for this Due Period --------------- ---------------- ---------------- ---------------- ---------------- ---------------- Nothing to report for this period.
7. Excess Spread/Early Redemption Event Trigger 1) 3 Month Average Surplus Finance Charge Collections 4.60% 2) Is the 3 Month Average Surplus Finance Charge Collections greater than 0.00% Yes
Page 7 IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Report this 11 day of February, 2009. CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION, As Managing Beneficiary of Citibank Credit Card Issuance Trust and As Servicer of Citibank Credit Card Master Trust I By: /s/ Andrew Lubliner ____________________________________ Name: Andrew Lubliner Title: Authorized Representative Page 8