form8k.htm

The following table sets forth the loss experience for cardholder payments on the credit card accounts for each of the periods shown on a cash basis. The Net Loss percentage calculated for each period below is obtained by dividing Net Losses by the Average Principal Receivables Outstanding multiplied by a fraction, the numerator of which is the total number of days in the applicable calendar year and the denominator of which is the total number of days in the trust monthly reporting periods for the applicable period (365/179 for the six months ended June 25, 2010, 365/367 for the year ended December 28, 2009, 366/366 for the year ended December 26, 2008 and 365/365 for the year ended December 26, 2007).

If accrued finance charge receivables that have been written off were included in losses, Net Losses would be higher as an absolute number and as a percentage of the average of principal and finance charge receivables outstanding during the periods indicated. Average Principal Receivables Outstanding is the average of principal receivables outstanding during the periods indicated. There can be no assurance that the loss experience for the receivables in the future will be similar to the historical experience set forth below.

	Six Months Ended June 25, 2010			Year Ended December 28, 2009			Year Ended December 26, 2008			Year Ended December 26, 2007
Average Principal Receivables Outstanding	$	72,135,669		$	75,724,189		$	76,956,779		$	73,675,752

Gross Charge-Offs	$	4,367,145		$	8,093,586		$	5,182,543		$	3,577,964
Recoveries	$	397,168		$	580,545		$	569,718		$	670,501
Net Losses	$	3,969,978		$	7,513,042		$	4,612,825		$	2,907,463

Net Losses as a Percentage of Average Principal Receivables Outstanding		11.22	%		9.87	%		5.99	%		3.95	%

Net losses as a percentage of gross charge-offs for the six months ended June 25, 2010 were 90.91% and for each of the years ended December 28, 2009, December 26, 2008 and December 26, 2007 were 92.83%, 89.01% and 81.26%, respectively. Gross charge-offs are charge-offs before recoveries and do not include the amount of any reductions in Average Principal Receivables Outstanding due to fraud, returned goods, customer disputes or various other miscellaneous write-offs. During the 42 trust monthly reporting periods from January 2007 through June 2010, such reductions ranged from 0.71% to 1.97% of the outstanding principal receivables as of the end of the related trust monthly reporting period. The reduction of receivables in this manner reduces only the seller's interest in the master trust. Recoveries are collections received in respect of principal receivables previously charged off as uncollectible. Net losses are gross charge-offs minus recoveries.

In July 2010, Citibank (South Dakota) as Servicer identified a flaw in its process for reporting master trust net losses. This flaw resulted in a small amount of losses in written-off accounts being double counted, which further resulted in an overstatement of net losses. The Servicer has refined its process for reporting net losses to prevent this double counting from occurring in the future. Had this refinement been made prior to the January 2010 trust monthly reporting period, master trust net losses would have been lower than reported in the monthly reports filed on Form 10-D by 0.06% per annum for the January 2010 period, 0.32% per annum for the February 2010 period, 0.47% per annum for the March 2010 period, 0.52% per annum for the April 2010 period, 0.52% per annum for the May 2010 period and 0.74% per annum for the June 2010 period. As a result, net losses would have been 9.74% per annum for the January 2010 period, 10.97% per annum for the February 2010 period, 11.08% per annum for the March 2010 period, 10.71% per annum for the April 2010 period, 10.64% per annum for the May 2010 period and 10.72% per annum for the June 2010 period. The overstatement of net losses for trust monthly reporting periods in 2009 ranged from 0.18% to 0.35% per annum, with an average of 0.26%, and for monthly periods in 2008, the overstatement ranged from 0.12% to 0.21% per annum, with an average of 0.16%. The dollar amounts and percentages relating to loss experience in this Form 8-K and in the static pool information found at www.citigroup.com/citigroup/citibankmastertrust/staticpool do not reflect the refinement in process.

The following table sets forth the delinquency experience for cardholder payments on the credit card accounts as of each of the dates shown. The Delinquent Amount includes both principal receivables and finance charge receivables. The percentages are the result of dividing the Delinquent Amount by the average of principal and finance charge receivables outstanding during the periods indicated. There can be no assurance that the delinquency experience for the receivables in the future will be similar to the historical experience set forth below.


	As of June 27, 2010					As of December 27, 2009					As of December 28, 2008					As of December 30, 2007
Number of Days Delinquent	Delinquent Amount		Percentage			Delinquent Amount		Percentage			Delinquent Amount		Percentage			Delinquent Amount		Percentage
Up to 34 days	$	2,228,755		3.03	%	$	2,501,832		3.24	%	$	2,707,226		3.49	%	$	2,485,572		3.34	%
35 to 64 days		985,892		1.34			1,175,684		1.52			1,187,447		1.53			867,581		1.17
65 to 94 days		792,523		1.08			972,112		1.26			919,345		1.18			637,074		0.86
95 to 124 days		697,391		0.95			869,279		1.13			744,767		0.96			537,562		0.72
125 to 154 days		738,435		1.00			791,797		1.03			648,960		0.84			433,883		0.58
155 to 184 days		644,333		0.88			715,581		0.93			543,247		0.70			392,882		0.53

Total	$	6,087,329		8.28	%	$	7,026,285		9.11	%	$	6,750,992		8.70	%	$	5,354,554		7.20	%

The global financial and economic crisis had an adverse effect on the assets of the master trust. The economic recession and rising unemployment resulted in significant increases in net losses and delinquencies for 2008, 2009 and the first six months of 2010 compared to 2007. While delinquencies were lower as of June 2010 than they were as of December 2009 and December 2008, there can be no assurance this trend will continue. There could be further increases in net losses and delinquencies in future periods, and such increases could be significant.

The revenues for the credit card accounts from finance charges, fees paid by cardholders and interchange for the six months ended June 25, 2010 and for each of the years ended December 28, 2009, December 26, 2008 and December 26, 2007 are set forth in the following table. The revenue experience in this table is presented on a cash basis before deduction for charge-offs. Average Revenue Yield calculated for each period below is obtained by dividing Finance Charges and Fees Paid by Average Principal Receivables Outstanding multiplied by a fraction, the numerator of which is the total number of days in the applicable calendar year and the denominator of which is the total number of days in the trust monthly reporting periods for the applicable period (365/179 for the six months ended June 25, 2010, 365/367 for the year ended December 28, 2009, 366/366 for the year ended December 26, 2008 and 365/365 for the year ended December 26, 2007).

Revenues from finance charges, fees and interchange will be affected by numerous factors, including the periodic finance charge on the credit card receivables, the amount of any annual membership fee, other fees paid by cardholders, the amount, if any, of principal receivables that is discounted and treated as finance charge receivables, the percentage of cardholders who pay off their balances in full each month and do not incur periodic finance charges on purchases, the percentage of credit card accounts bearing finance charges at promotional rates and changes in the level of delinquencies on the receivables.

The revenues from periodic finance charges and fees -- other than annual fees -- depend in part upon the collective preference of cardholders to use their credit cards as revolving debt instruments for purchases and cash advances and to pay account balances over several months -- as opposed to convenience use, where cardholders pay off their entire balance each month, thereby avoiding periodic finance charges on their purchases -- and upon other card-related services for which the cardholder pays a fee. Revenues from periodic finance charges and fees also depend on the types of charges and fees assessed on the credit card accounts. Accordingly, revenues will be affected by future changes in the types of charges and fees assessed on the accounts and in the types of additional accounts added from time to time. These revenues could be adversely affected by future changes in fees and charges assessed on the accounts and other factors.

In March 2009, Citibank (South Dakota) began applying a dynamic discount percentage to the principal receivables in the credit card accounts designated to the master trust. The dynamic discount percentage will range from zero to 3.00% based on the level of excess spread and is initially 1.00%. The dynamic discount percentage for each trust monthly reporting period will be disclosed in the monthly Distribution Report on Form 10-D filed with the Securities and Exchange Commission by Citibank Credit Card Issuance Trust. Instituting the discount recharacterizes that percentage of principal collections as finance charge collections and thereby increases the revenue yield of the accounts. Assuming that the principal payment rate is 15% and all other revenue components remain the same, a 1.00% discount adds approximately 1.80% in revenue yield for a given month. This discounting will remain in effect until the first trust monthly reporting period in which the discount percentage reaches zero.

The following table sets forth the highest and lowest cardholder monthly payment rates for the credit card accounts during any month in the periods shown and the average of the cardholder monthly payment rates for all months during the periods shown, in each case calculated as a percentage of the total beginning account balances for that month.

Monthly payment rates on the credit card receivables may vary because, among other things, a cardholder may fail to make a required payment, may only make the minimum required payment or may pay the entire outstanding balance. Monthly payment rates on the receivables may also vary due to seasonal purchasing and payment habits of cardholders. Monthly payment rates include amounts that are treated as payments of principal receivables and finance charge receivables with respect to the accounts under the pooling and servicing agreement. In addition, the amount of outstanding receivables and the rates of payments, delinquencies, charge-offs and new borrowings on the accounts depend on a variety of factors including seasonal variations, the availability of other sources of credit, general economic conditions, tax laws, consumer spending and borrowing patterns and the terms of the accounts, which may change. Cardholder monthly payment rates are calculated on the balances of those cardholder accounts that have an amount due. Cardholder accounts with a zero balance or a credit balance are excluded from these calculations.

As of the most recent related billing date prior to June 27, 2010, 46.48% of the accounts had a credit balance or otherwise had no payment due, 22.72% of the cardholders paid their entire outstanding balance, 3.96% of the cardholders made only the minimum payment due, and the remaining 26.84% of the cardholders paid an amount either less than the minimum due (including no payment) or greater than the minimum due, but less than the entire outstanding balance.

Credit card-issuing banks participating in the MasterCard International, VISA and American Express systems receive interchange or similar fee income – referred to herein as interchange – as compensation for performing issuer functions, including taking credit risk, absorbing certain fraud losses and funding receivables for a limited period before initial billing. Under the MasterCard International, VISA and American Express systems, interchange in connection with cardholder charges for merchandise and services is passed from banks or other entities which clear the transactions for merchants to credit card-issuing banks. Interchange generally ranges from approximately 1% to 2% of the transaction amount. Citibank (South Dakota) is required to transfer to the master trust interchange attributed to cardholder charges for merchandise and services in the accounts. In general, interchange is allocated to the master trust on the basis of the ratio that the amount of cardholder charges for merchandise and services in the accounts bears to the total amount of cardholder charges for merchandise and services in the portfolio of credit card accounts maintained by Citibank (South Dakota). MasterCard International, VISA and American Express may change the amount of interchange reimbursed to banks issuing their credit cards.

The receivables in the credit card accounts designated to the master trust as of June 27, 2010 included $1,708,470,603 of finance charge receivables and $69,189,610,921 of principal receivables – which amounts include overdue finance charge receivables and overdue principal receivables. As of June 27, 2010, there were 30,918,679 accounts. Included within the accounts are inactive accounts that have no balance. The accounts had an average principal receivable balance of $2,238 and an average credit limit of $12,519. The average principal receivable balance in the accounts as a percentage of the average credit limit with respect to the accounts was approximately 18%. Approximately 94% of the accounts were opened before June 2008.

Since the largest number of cardholders’ billing addresses were in California, New York, Texas, Florida and Illinois, adverse changes in the business or economic conditions in these states could have an adverse effect on the performance of the receivables. No other state represents more than 5% of the number of accounts or outstanding receivables.

As of June 27, 2010, approximately 2.05% of the credit card receivables in the master trust related to small business revolving credit card accounts originated by Citibank (South Dakota). The receivables in the 232,463 small business credit card accounts designated to the master trust as of June 27, 2010 included $29,723,713 of finance charge receivables and $1,420,152,888 of principal receivables – which amounts include overdue finance charge receivables and overdue principal receivables.

Citibank (South Dakota) issues its small business credit cards to business owners who agree to use the cards for business purposes. With respect to substantially all accounts, both the individual business owner and the business are jointly and severally liable for all charges and balances on the account. For the remainder of the accounts, only the individual business owner is liable. The small business credit card accounts generally have higher receivables balances, credit limits and monthly payment rates than the other accounts designated to the master trust, taken as a whole. In addition, interchange generated on the receivables in these accounts is generally higher than the interchange generated on the receivables in the other accounts designated to the master trust.

As of June 27, 2010, the small business credit card accounts designated to the master trust had an average principal receivable balance of $6,171 and an average credit limit of $30,584. The average principal receivable balance in the accounts as a percentage of the average credit limit with respect to the accounts was approximately 20%. Approximately 87% of the accounts were opened before June 2008. Of the accounts, as of June 27, 2010, approximately 25.15% of the receivables related to obligors with billing addresses in California and 16.39% in Texas. No other state represents more than 10% of the outstanding receivables. As of June 27, 2010, 84.01% of the receivables in the accounts related to obligors whose FICO score is greater than 660, and 95.00% of the receivables had a “current” payment status as of the most recent related billing date.

As of the most recent related billing date prior to June 27, 2010, 12.65% of the small business credit card accounts had a credit balance or otherwise had no payment due, 58.74% of the obligors paid their entire outstanding balance, 1.92% of the obligors made only the minimum payment due, and the remaining 26.69% of the obligors paid an amount either less than the minimum due (including no payment) or greater than the minimum due, but less than the entire outstanding balance.

As of June 30, 2010, approximately 21% of the credit card receivables in the master trust related to credit cards issued under the Citibank/American Airlines AAdvantage co-brand program. Cardholders in the AAdvantage program receive benefits for the amounts charged on their AAdvantage cards, including frequent flyer miles in American Airline's frequent traveler program. Conditions that adversely affect the airline industry or American Airlines could affect the usage and payment patterns of the AAdvantage program cards. In addition, termination of the AAdvantage program could have an adverse effect on the payment rates and excess spread reported by the master trust. However, we do not expect any such termination to affect the integrity or sustainability of master trust cash flows. As of June 30, 2010, no other co-brand or affinity program of Citibank (South Dakota) accounted for more than 1% of the credit card receivables in the master trust.

The credit card accounts include receivables which, in accordance with the servicer's normal servicing policies, were charged-off as uncollectible. However, for purposes of calculation of the amount of principal receivables and finance charge receivables in the master trust for any date, the balance of the charged-off receivables is zero and the master trust owns only the right to receive recoveries on these receivables.

The following tables summarize the credit card accounts designated to the master trust as of June 27, 2010 by various criteria. References to "Receivables Outstanding" in these tables include both finance charge receivables and principal receivables. Because the composition of the accounts will change in the future, these tables are not necessarily indicative of the future composition of the accounts.

Credit balances presented in the following table are a result of cardholder payments and credit adjustments applied in excess of a credit card account's unpaid balance. Accounts which have a credit balance are included because receivables may be generated in these accounts in the future. Credit card accounts which have no balance are included because receivables may be generated in these accounts in the future.

Account Balance		Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding			Percentage of Total Receivables Outstanding

Credit Balance			311,890		1.01	%	$	(60,188,548	)		-0.08	%
No Balance			14,702,866		47.55			0			0.00
Less than or equal to $500 00			4,107,160		13.28			770,585,361			1.09
$	500 01 to $1,000 00		1,752,412		5.67			1,288,117,242			1.82
$	1,000 01 to $2,000 00		2,190,377		7.08			3,209,890,102			4.53
$	2,000 01 to $3,000 00		1,462,070		4.73			3,620,460,656			5.11
$	3,000 01 to $4,000 00		1,063,600		3.44			3,702,174,012			5.22
$	4,000 01 to $5,000 00		825,393		2.67			3,701,801,856			5.22
$	5,000 01 to $6,000 00		644,507		2.08			3,535,946,894			4.99
$	6,000 01 to $7,000 00		530,569		1.72			3,442,379,970			4.86
$	7,000 01 to $8,000 00		439,421		1.42			3,290,782,122			4.64
$	8,000 01 to $9,000 00		380,031		1.23			3,226,425,076			4.55
$	9,000 01 to $10,000 00		325,566		1.05			3,090,819,615			4.36
$	10,000 01 to $15,000 00		1,028,826		3.33			12,566,690,805			17.73
$	15,000 01 to $20,000 00		558,703		1.81			9,661,774,377			13.63
Over $20,000 00			595,288		1.93			15,850,421,985			22.36

Total			30,918,679		100.00	%	$	70,898,081,524			100.00	%

Credit Limit		Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding		Percentage of Total Receivables Outstanding

Less than or equal to $500.00			1,717,181		5.55	%	$	70,943,814		0.10	%
$	500.01 to $1,000.00		757,469		2.45			173,729,865		0.25
$	1,000.01 to $2,000.00		1,555,165		5.03			735,861,284		1.04
$	2,000.01 to $3,000.00		1,399,288		4.53			1,149,322,375		1.62
$	3,000.01 to $4,000.00		1,296,588		4.19			1,316,746,894		1.86
$	4,000.01 to $5,000.00		1,547,308		5.00			1,685,440,443		2.38
$	5,000.01 to $6,000.00		1,344,184		4.35			1,587,944,868		2.24
$	6,000.01 to $7,000.00		1,374,557		4.45			1,753,241,158		2.47
$	7,000.01 to $8,000.00		1,555,417		5.03			1,820,551,217		2.57
$	8,000.01 to $9,000.00		1,479,231		4.78			2,019,984,834		2.85
$	9,000.01 to $10,000.00		1,578,267		5.10			2,228,876,944		3.14
$	10,000.01 to $15,000.00		5,928,856		19.17			10,514,011,808		14.83
$	15,000.01 to $20,000.00		3,211,213		10.39			9,233,114,281		13.02
Over $20,000.00			6,173,955		19.98			36,608,311,739		51.64

Total			30,918,679		100.00	%	$	70,898,081,524		100.00	%

Payment Status	Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding		Percentage of Total Receivables Outstanding

Current		30,018,691		97.08	%	$	64,810,752,807		91.42	%
Up to 34 days delinquent		439,343		1.42			2,228,754,619		3.14
35 to 64 days delinquent		133,491		0.43			985,892,188		1.39
65 to 94 days delinquent		99,008		0.32			792,522,742		1.12
95 to 124 days delinquent		79,302		0.26			697,390,834		0.98
125 to 154 days delinquent		78,958		0.26			738,434,948		1.04
155 to 184 days delinquent		69,886		0.23			644,333,386		0.91

Total		30,918,679		100.00	%	$	70,898,081,524		100.00	%

Age	Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding		Percentage of Total Receivables Outstanding

Less than or equal to 6 months		20,850		0.07	%	$	34,906,223		0.05	%
Over 6 months to 12 months		452,744		1.46			890,814,427		1.26
Over 12 months to 24 months		1,269,397		4.11			2,487,825,596		3.51
Over 24 months to 36 months		2,540,820		8.22			4,178,220,709		5.89
Over 36 months to 48 months		2,011,212		6.50			3,511,530,836		4.95
Over 48 months to 60 months		2,472,851		8.00			4,207,687,857		5.93
Over 60 months		22,150,805		71.64			55,587,095,876		78.41

Total		30,918,679		100.00	%	$	70,898,081,524		100.00	%

The following table sets forth the composition of accounts by FICO®* score as of June 27, 2010. A FICO score is a measurement determined by Fair, Isaac & Company using information collected by major credit bureaus to assess credit risk. A credit report is generally obtained from one or more credit bureaus for each application for a new account. Once a customer has been issued a card, Citibank (South Dakota) refreshes the FICO score on most accounts on a monthly basis. Citibank (South Dakota) generally does not refresh the FICO scores of closed accounts that have no balance and certain other categories of accounts. A FICO score of zero indicates that the FICO score of an account has not been refreshed for one of these reasons or that the customer did not have enough credit history for a FICO score to be calculated.

FICO Score		Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding		Percentage of Total Receivables Outstanding

	0		7,264,130		23.49	%	$	566,913,625		0.80	%
001 to 599			1,840,452		5.95			8,971,250,305		12.65
600 to 639			1,070,796		3.46			5,113,276,292		7.21
640 to 660			896,937		2.90			4,645,874,344		6.55
661 to 679			1,072,028		3.47			5,968,984,034		8.42
680 to 699			1,437,039		4.65			7,924,382,404		11.18
700 to 719			1,822,883		5.90			9,082,978,596		12.81
720 to 739			2,046,767		6.62			8,219,957,206		11.59
740 to 759			2,354,968		7.62			6,930,085,461		9.77
760 to 800			6,261,673		20.25			9,710,555,963		13.70
801 and above			4,851,006		15.69			3,763,823,294		5.31

Total			30,918,679		100.00	%	$	70,898,081,524		100.00	%

Static pool information is information relating to the master trust receivables, organized by year of origination of each related credit card account. Static pool information for the master trust receivables was not stored on our computer systems before January 2006, and cannot be produced without unreasonable effort and expense. Static pool information concerning losses, delinquencies, revenue yield and payment rate for the master trust receivables has been stored since January 2006 and can be found at www.citigroup.com/citigroup/citibankmastertrust/staticpool. This information is presented in monthly increments and will be updated quarterly. The static pool information on the website is organized by year of origination of the applicable account for each of the five most recent years, and for accounts originated more than five years ago. As of June 27, 2010, less than 29% of the accounts were originated within the last five years. Because static pool information has only been stored since January 2006, the full array of static pool information will not be available until 2011. There can be no assurance that the loss, delinquency, revenue yield and payment rate experience for the receivables in the future will be similar to the historical experience set forth on the website.

A periodic finance charge is imposed on the credit card accounts. The periodic finance charge imposed on balances for purchases and cash advances for a majority of the accounts is calculated by multiplying (1) the daily balances for each day during the billing cycle by (2) the applicable daily periodic finance charge rate, and summing the results for each day in the billing period. The daily balance is calculated by taking the previous day's balance, adding any new purchases or cash advances and fees, adding the daily finance charge on the previous day's balance, and subtracting any payments or credits. Cash advances are included in the daily balance from the date the advances are made. Purchases are included in the daily balance generally from the date of purchase. Periodic finance charges are not imposed in most circumstances on purchase amounts if all balances shown in the previous billing statement are paid in full by the due date indicated on the statement.

the periodic finance charge imposed on balances in most credit card accounts for purchases is the Prime Rate, as published in The Wall Street Journal, plus a percentage ranging from 10.74% to 21.74%. A small portion of the credit card accounts have a non-variable periodic finance charge imposed on purchase balances ranging from 13.99% to 24.99%;

if a cardholder fails to make a payment by the due date under their credit card agreement, the periodic finance charge assessed on new transactions can be increased up to the sum of the Prime Rate and 26.74%, with 45 days advance notice. If a cardholder fails to make a payment for more than 60 days after the due date under their credit card agreement, the periodic finance charge assessed on existing balances in their account can be increased up to the sum of the Prime Rate and 26.74%, with 45 days advance notice.

a late fee if the cardholder does not make the required minimum payment by the payment date shown on the monthly billing statement. The late fee is up to $25 (or up to $35 if a late fee was assessed on the account during the previous six billing cycles); provided that the late fee will not be greater than the associated required minimum payment;

Citibank (South Dakota) may from time to time transfer credit card receivables to the master trust in lump additions by designating additional accounts to the master trust. The table below presents the date, amount and percentage of the master trust portfolio of those lump additions made since January 2007 (calculated based on the principal amount of the lump addition and the balance of principal receivables in the master trust as of the end of its monthly reporting period immediately preceding the specified lump addition date).

Lump Addition Date	Amount of Finance Charge Receivables		Amount of Principal Receivables		Total Receivables		Percentage of Outstanding Principal Receivables

January 27, 2007	$	10,085,067	$	771,145,898	$	781,230,965		1.06	%
March 24, 2007	$	18,095,653	$	1,330,256,568	$	1,348,352,221		1.83	%
June 23, 2007	$	18,279,572	$	1,453,294,765	$	1,471,574,337		2.01	%
August 25, 2007	$	10,179,745	$	958,015,899	$	968,195,644		1.31	%
September 29, 2007	$	7,872,578	$	1,714,749,869	$	1,722,622,447		2.31	%
November 24, 2007	$	6,893,425	$	940,661,454	$	947,554,879		1.25	%
March 29, 2008	$	17,911,489	$	1,234,692,881	$	1,252,604,370		1.63	%
May 24, 2008	$	6,784,413	$	562,509,400	$	569,293,813		0.73	%
June 28, 2008	$	8,369,659	$	924,879,210	$	933,248,869		1.19	%
July 26, 2008	$	4,797,729	$	314,459,115	$	319,256,844		0.41	%
September 27, 2008	$	9,666,066	$	682,465,956	$	692,132,022		0.89	%
December 27, 2008	$	15,951,494	$	959,774,428	$	975,725,922		1.24	%
March 28, 2009	$	30,094,590	$	1,443,311,222	$	1,473,405,812		1.97	%
May 30, 2009	$	4,817,064	$	227,239,927	$	232,056,991		0.30	%
June 13, 2009	$	31,644,334	$	1,448,182,055	$	1,479,826,389		1.93	%
September 26, 2009	$	48,789,788	$	1,441,935,893	$	1,490,725,681		1.90	%
December 26, 2009	$	27,034,270	$	1,389,298,732	$	1,416,333,002		1.83	%

"eligible accounts" An "eligible account" is defined to mean a revolving credit card account owned by Citibank (South Dakota), any additional seller or any other affiliate thereof which, as of the master trust cut-off date in 1991 with respect to an initial account or as of the additional cut-off date with respect to an additional account: (a) is in existence and maintained by Citibank (South Dakota), the additional seller or the other affiliate; (b) is payable in United States dollars; (c) in the case of the initial accounts, has a cardholder who has provided, as his most recent billing address, an address located in the United States or its territories or possessions or a military address; (d) has a cardholder who has not been identified by Citibank (South Dakota), the additional seller or the other affiliate in its computer files as being involved in a voluntary or involuntary bankruptcy proceeding; (e) has not been identified as an account with respect to which the related card has been lost or stolen; (f) has not been sold or pledged to any other party except for any sale to any seller, additional seller or other affiliate; (g) does not have receivables which have been sold or pledged to any other party other than any sale to any seller, additional seller or other affiliate; and (h) in the case of the initial accounts, is a VISA or MasterCard revolving credit card account.

"finance charge receivables" consist of periodic finance charges, annual membership fees, cash advance fees and late charges on amounts charged for merchandise and services and some other fees designated by Citibank (South Dakota), as well as amounts, if any, representing a discount from the face amount of principal receivables that are treated as finance charge receivables in accordance with the pooling and servicing agreement. In addition, some interchange attributed to cardholder charges for merchandise and services in the accounts will be treated as finance charge receivables.

"pooling and servicing agreement" means the Amended and Restated Pooling and Servicing Agreement dated as of October 5, 2001, between Citibank (South Dakota), National Association, as Seller, Servicer, and successor by merger to Citibank (Nevada), National Association, as Seller, and Deutsche Bank Trust Company Americas, as trustee, including all amendments thereto.

"principal receivables" consist of amounts charged by cardholders for merchandise and services, amounts advanced to cardholders as cash advances and some fees billed to cardholders on the accounts, minus the portion, if any, of principal receivables which represents a discount from the face amount thereof that Citibank (South Dakota) has designated to be treated as finance charge receivables in accordance with the pooling and servicing agreement.

Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on the current expectations of Citibank (South Dakota), National Association and are subject to uncertainty and changes in circumstances. Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in these forward-looking statements. In particular, forward-looking statements contained herein are based on certain estimates of cardholder preferences, industry competition, general economic conditions and other matters which cannot be predicted with certainty. You should not put undue reliance on any forward-looking statements.

DELAWARE	333-145220-01	NOT APPLICABLE
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. Employer Identification No.)

NEW YORK	333-145220-02	NOT APPLICABLE
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. Employer Identification No.)

UNITED STATES OF AMERICA	333-145220	46-0358360
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. Employer Identification No.)

701 East 60th Street, North Sioux Falls, South Dakota	57117
(Address of principal executive offices of depositor and sponsor)	(Zip Code)

	Six Months Ended June 25, 2010			Year Ended December 28, 2009			Year Ended December 26, 2008			Year Ended December 26, 2007

Finance Charges and Fees Paid	$	6,905,793		$	13,692,050		$	12,135,240		$	12,870,801
Average Revenue Yield		19.52	%		17.98	%		15.77	%		17.47	%

	Six Months Ended June 25, 2010			Year Ended December 28, 2009			Year Ended December 26, 2008			Year Ended December 26, 2007

Lowest Month		17.99	%		16.75	%		16.93	%		20.09	%
Highest Month		20.23	%		19.87	%		23.36	%		24.14	%
Average of the Months in the Period		18.83	%		18.32	%		20.48	%		22.20	%

	Percentage of Total Number of Accounts			Percentage of Total Outstanding Receivables

California		13.67	%		14.47	%
New York		10.86	%		9.89	%
Texas		6.96	%		8.61	%
Florida		6.43	%		6.08	%
Illinois		5.22	%		5.72	%

		CITIBANK (SOUTH DAKOTA),
		NATIONAL ASSOCIATION,
		as Depositor of Citibank Credit Card Issuance Trust
		and Citibank Credit Card Master Trust I
		(Registrant)


	By:	/s/ Douglas C. Morrison
		Douglas C. Morrison
		Vice President