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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM 10-D
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ASSET-BACKED ISSUER
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DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
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THE SECURITIES EXCHANGE ACT OF 1934
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For the monthly distribution period
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from March 29, 2011 to April 26, 2011
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Commission File Number of issuing entity: 333-145220-01
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CITIBANK CREDIT CARD ISSUANCE TRUST
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(Issuing Entity in respect of the Notes)
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(Exact name of issuing entity as specified in its charter)
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DELAWARE
(State or other jurisdiction
of incorporation or organization
of issuing entity)
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NOT APPLICABLE
(I.R.S. Employer Identification
No. of issuing entity)
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Commission File Number of issuing entity: 333-145220-02
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CITIBANK CREDIT CARD MASTER TRUST I
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(Issuing Entity in respect of the Collateral Certificate)
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(Exact name of issuing entity as specified in its charter)
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NEW YORK
(State or other jurisdiction
of incorporation or organization
of issuing entity)
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NOT APPLICABLE
(I.R.S. Employer Identification
No. of issuing entity)
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Commission File Number
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of sponsor and depositor:
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333-145220
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CITIBANK (SOUTH DAKOTA),
NATIONAL ASSOCIATION
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(Exact name of sponsor and
depositor as
specified in its charter)
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46-0358360
(I.R.S. Employer
Identification No.)
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c/o CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
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701 EAST 60TH STREET, NORTH, MAIL CODE 1251
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SIOUX FALLS, SOUTH DAKOTA
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57117
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(Address of principal executive
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(Zip Code)
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offices of issuing entities)
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Registered / reporting pursuant to
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Section
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Section
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Section
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Name of exchange
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Title of class
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12(b)
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12(g)
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15(d)
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(If Section 12(b))
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Citiseries, Class A notes
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[X]
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Citiseries, Class B notes
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[X]
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Citiseries, Class C notes
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[X]
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Exhibit No.
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Description
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99
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Monthly Report for the Due Period ending April 26, 2011 and the related Payment Dates for the Notes
|
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CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION,
as Depositor and Managing Beneficiary of Citibank Credit Card Issuance Trust and as Depositor and Servicer of Citibank Credit Card Master Trust I
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Date: May 16, 2011
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By: /s/ Douglas C. Morrison
Douglas C. Morrison
Vice President
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CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
This Report relates to the Due Period ending April 26, 2011 and the related
Payment Dates for the Notes.
A. Information Regarding the Master Trust portfolio
-------------------------------------------------
1. Portfolio Yield for the Collateral Certificate ......... 8.06%
Yield Component ................................... 15.91%
Discount Component (1).............................. 0.00%
Credit Loss Component ............................. 7.85%
2. New Purchase Rate ..................................... 19.18%
3. Total Payment Rate .................................... 18.44%
4. Principal Payment Rate ................................ 17.74%
5. Aggregate Amount of Receivables in the Trust :
Principal Receivables Beginning of Due Period ...... $ 61,471,174,569
Principal Receivables Average ...................... $ 62,034,016,638
Principal Receivables Lump Sum Addition/(Removal) ... $ 0
Principal Receivables End of Due Period ............ $ 62,214,444,717
Finance Charge Receivables - End of Due Period ..... $ 448,032,548
Discount Receivables - End of Due Period ........... $ 0
Total Finance Charge Receivables - End of Due Period. $ 448,032,548
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 .......................................... $ 58,547,722,317
5-34 days delinquent ........................... $ 1,408,558,021
35-64 days delinquent ........................... $ 626,677,036
65-94 days delinquent ........................... $ 525,471,156
95-124 days delinquent ........................... $ 439,830,326
125-154 days delinquent ........................... $ 403,814,165
155-184 days delinquent ........................... $ 416,398,509
Current ........................................... 93.87%
5-34 days delinquent ........................... 2.26%
35-64 days delinquent ........................... 1.00%
65-94 days delinquent ........................... 0.84%
95-124 days delinquent ........................... 0.71%
125-154 days delinquent ........................... 0.65%
155-184 days delinquent ........................... 0.67%
(1)Because the 3-month average of Surplus Finance Charge Collections was above
7% for each of the 3 preceding Due Periods, the Principal Receivables Discount
percentage will be 0% beginning with the April 2011 Due Period.
Page 1
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
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 8.06% 8.06%
2. Weighted Average Interest Rate (2) 1.90% 1.90%
3. Weighted Average Investor Fee Rates
Fixed Servicing Fee 0.37% 0.37%
Others 0.00% 0.00%
4. Surplus Finance Charge Collections 5.79% 5.79%
5. Surplus Finance Charge Collections For
Purposes of Funding Class C Reserve Account 5.32% 5.32%
6. Required Surplus Finance Charge Amount 0.00% 0.00%
7. Aggregate Surplus Finance Charge Amount 5.79% 5.79%
minus Required Surplus Finance Charge Amount
C1. Information Regarding the Collateral Certificate
------------------------------------------------
(Dollars Basis)
1. Total Investor Collections $ 8,124,989,789 $ 8,124,989,789
Principal Collections $ 7,586,849,852 $ 7,586,849,852
Finance Charge Collections $ 538,139,937 $ 538,139,937
Discount Component/Collections (3) $ 0 $ 0
2. Investor Default Amount $ 266,651,610 $ 266,651,610
3. Targeted Deposit to Interest Funding Account (4) $ 67,641,119 $ 67,641,119
4. Investor Monthly Fees
Fixed Servicing Fees $ 13,188,678 $ 13,188,678
Others $ 6,000 $ 6,000
5. Surplus Finance Charge Collections $ 190,652,530 $ 190,652,530
6. Required Surplus Finance Charge Collections $ 0 $ 0
7. Aggregate Surplus Finance Charge Amount $ 190,652,530 $ 190,652,530
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 March 29, 2011 to April 26, 2011, 29 days, or
April 7 , 2011 to May 8 , 2011, 32 days (standard basis).
(2) Defined in the definition section of the Indenture
(3) The "Discount Component/Collections" are included in the reported "Finance Charge Collections".
(4) 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 April 26, 2011
==============================================================================
C2. Information Regarding the Series 2009 Credit Card Participation Certificate*
----------------------------------------------------------------------------
1. Series 2009 Invested Amount as of the end of the Due Period** . $1,904,430,800
2. Required Subordinated Amount as of the end of the Due Period** $1,904,430,800
3. Series 2009 Reallocated Principal Collections for the current
Due Period*** ................................................. $ 0
4. Series 2009 Reallocated Principal Collections for all prior Due
Periods ....................................................... $ 0
* The Series 2009 Credit Card Participation Certificate, issued on May 1, 2009, provides credit
enhancement to the Collateral Certificate. For more information, see Form 8-K filed with the
SEC on May 5, 2009 by Citibank Credit Card Issuance Trust.
** The Series 2009 Invested Amount and Required Subordinated Amount are variable, and each amount
currently equals 4.45230% of the Invested Amount of the Collateral Certificate.
*** This amount is included in Finance Charge Collections for the Collateral Certificate. See Section
C1, line item 1 on Preceding Page.
Page 3
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
D. Information Regarding Notes of Citiseries
----------------------------------------------------
(Aggregate Basis)
1a. Class A Outstanding Dollar Principal Amount ............ $34,118,089,787
For all Classes except Class 2001-A3 (Dakota) ............ $34,118,089,787
For Class 2001-A3 (Dakota) ............................... $ 0
1b. Class B Outstanding Dollar Principal Amount ............ $ 2,350,000,000
1c. Class C Outstanding Dollar Principal Amount ............ $ 3,326,000,000
2a. Targeted Deposit to Class A Interest Funding Account ..... $ 57,343,365
2b. Targeted Deposit to Class B Interest Funding Account ..... $ 1,694,845
2c. Targeted Deposit to Class C Interest Funding Account ..... $ 8,602,909
3a. Balance in the Class A Interest Funding Account ......... $ 207,757,131
3b Balance in the Class B Interest Funding Account ......... $ 1,694,845
3c Balance in the Class C Interest Funding Account ......... $ 33,250,826
4a. Targeted Deposit to Class A Principal Funding Account .... $ 2,780,000,000
4b. Targeted Deposit to Class B Principal Funding Account .... $ 0
4c. Targeted Deposit to Class C Principal Funding Account .... $ 200,000,000
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 ............. $ 0
7. Balance in the Class C Reserve Account .................. $ 0
Data Applicable to all Classes Except 2001-A3 (Dakota)
-------------------------------------------------------
8a. Maximum enhancement amount available to
Outstanding Class A Notes from Class B Notes ............ $ 2,207,579,504
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 ............ $ 2,943,438,108
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 ............ $ 3,133,333,255
8f. As a Percentage of Class B Outstanding
Dollar Principal Amount ................................. 133.33333%
Data Applicable only to Class 2001-A3 (Dakota)
-------------------------------------------------------
9a. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class C Notes ......... $ 0
9b. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 0%
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%
Page 4
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
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 ......................... $2,847,662,265
1b. The total amount of the distribution to Class B Noteholders
on the applicable Payment Dates ......................... $ 1,694,845
1c. The total amount of the distribution to Class C Noteholders
on the applicable Payment Dates ......................... $ 207,107,076
2a. The amount of the distribution set forth in item 1(a) above
in respect of principal on the Class A Notes ........ $2,780,000,000
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 ........ $ 200,000,000
3a. The amount of the distribution set forth in item 1(a) above
in respect of interest on the Class A Notes ........ $ 67,662,265
3b. The amount of the distribution set forth in item 1(b) above
in respect of interest on the Class B Notes ........ $ 1,694,845
3c. The amount of the distribution set forth in item 1(c) above
in respect of interest on the Class C Notes ........ $ 7,107,076
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 5
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
F. Information Regarding Notes of Citiseries
-------------------------------------------------------------------------------------------------------
(The information reported is for the Due Period ending April 26, 2011 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-A7 420,000,000.00 0.00 162,026.67 162,026.67 0.00 0.00 470,400.01
Class 2002-A10 1,000,000,000.00 0.00 375,268.06 375,268.06 0.00 0.00 375,268.06
Class 2002-A4 750,000,000.00 0.00 323,666.67 323,666.67 0.00 0.00 323,666.67
Class 2002-C2 350,000,000.00 0.00 2,027,083.33 2,027,083.33 0.00 6,081,249.99 0.00
Class 2003-A10 500,000,000.00 0.00 176,630.14 176,630.14 0.00 9,895,833.35 0.00
Class 2003-A7 650,000,000.00 0.00 293,511.11 293,511.11 0.00 8,991,666.68 0.00
Class 2003-C4 300,000,000.00 0.00 1,250,000.00 1,250,000.00 0.00 6,250,000.00 0.00
Class 2004-A2 0.00 0.00 532,869.68 532,869.68 0.00 0.00 1,635,358.68
Class 2004-A6 394,508,442.48 0.00 116,823.81 116,823.81 0.00 116,823.81 0.00
Class 2004-A7 1,200,000,000.00 0.00 389,083.33 389,083.33 0.00 0.00 1,194,083.33
Class 2004-A8 750,000,000.00 0.00 229,390.00 229,390.00 0.00 15,312,500.00 0.00
Class 2004-B2 250,000,000.00 0.00 123,444.44 123,444.44 0.00 0.00 123,444.44
Class 2004-C1 225,000,000.00 0.00 168,320.31 168,320.31 0.00 0.00 168,320.31
Class 2005-A1 338,581,344.17 0.00 86,439.82 86,439.82 0.00 0.00 284,931.25
Class 2005-A2 875,000,000.00 0.00 243,797.36 243,797.36 0.00 7,072,916.66 0.00
Class 2005-A3 1,375,000,000.00 0.00 313,018.75 313,018.75 0.00 0.00 313,018.75
Class 2005-A4 300,000,000.00 0.00 73,237.50 73,237.50 0.00 5,500,000.00 0.00
Class 2005-A5 200,000,000.00 0.00 52,658.33 52,658.33 0.00 3,791,666.65 0.00
Class 2005-A8 875,000,000.00 0.00 206,317.71 206,317.71 0.00 0.00 206,317.71
Class 2005-A9 500,000,000.00 0.00 142,937.50 142,937.50 0.00 0.00 12,750,000.00
Class 2005-C1 75,000,000.00 0.00 343,750.00 343,750.00 0.00 687,500.00 0.00
Class 2005-C2 175,000,000.00 0.00 96,227.64 96,227.64 0.00 0.00 96,227.64
Class 2005-C3 375,000,000.00 0.00 203,033.85 203,033.85 0.00 0.00 203,033.85
Class 2006-A1 700,000,000.00 0.00 218,088.89 218,088.89 0.00 0.00 620,190.28
Class 2006-A3 750,000,000.00 0.00 3,312,500.00 3,312,500.00 0.00 6,625,000.00 0.00
Class 2006-A4 0.00 0.00 5,904,166.67 5,904,166.67 0.00 0.00 35,425,000.02
Class 2006-A7 1,000,000,000.00 0.00 4,463,858.33 4,463,858.33 0.00 636,361.12 0.00
Class 2006-A8 1,000,000,000.00 0.00 4,171,666.67 4,171,666.67 0.00 273,833.33 0.00
Class 2006-C1 500,000,000.00 0.00 255,395.83 255,395.83 0.00 0.00 255,395.83
Class 2006-C2 0.00 0.00 950,000.00 950,000.00 0.00 0.00 5,700,000.00
Class 2006-C3 250,000,000.00 0.00 119,000.00 119,000.00 0.00 0.00 119,000.00
Class 2007-A10 1,100,000,000.00 0.00 603,778.39 603,778.39 0.00 0.00 603,778.39
Class 2007-A11 1,200,000,000.00 0.00 755,334.00 755,334.00 0.00 0.00 755,334.00
Class 2007-A3 665,000,000.00 0.00 293,391.53 293,391.53 0.00 17,040,625.00 0.00
Class 2007-A4 225,000,000.00 0.00 108,403.13 108,403.13 0.00 216,806.26 0.00
Class 2007-A7 3,250,000,000.00 0.00 1,524,656.25 1,524,656.25 0.00 0.00 1,524,656.25
Class 2007-A8 1,750,000,000.00 0.00 8,239,583.33 8,239,583.33 0.00 16,479,166.66 0.00
Class 2007-A9 500,000,000.00 0.00 280,272.92 280,272.92 0.00 0.00 280,272.92
Class 2007-B5 800,000,000.00 0.00 608,355.56 608,355.56 0.00 0.00 608,355.56
Class 2008-A1 900,000,000.00 0.00 4,012,500.00 4,012,500.00 0.00 12,037,500.00 0.00
Class 2008-A2 1,850,000,000.00 0.00 1,960,630.00 1,960,630.00 0.00 0.00 1,960,630.00
Class 2008-A5 500,000,000.00 0.00 2,020,833.33 2,020,833.33 0.00 2,020,833.33 0.00
Class 2008-A6 1,150,000,000.00 0.00 1,354,077.08 1,354,077.08 0.00 0.00 1,354,077.08
Class 2008-A7 450,000,000.00 0.00 595,481.25 595,481.25 0.00 0.00 595,481.25
Class 2008-C6 500,000,000.00 0.00 2,625,000.00 2,625,000.00 0.00 13,125,000.00 0.00
Class 2009-A1 3,000,000,000.00 0.00 5,085,937.50 5,085,937.50 0.00 0.00 5,085,937.50
Class 2009-A2 1,250,000,000.00 0.00 1,903,862.85 1,903,862.85 0.00 0.00 1,903,862.85
Class 2009-A3 600,000,000.00 0.00 1,350,000.00 1,350,000.00 0.00 6,750,000.00 0.00
Class 2009-A4 650,000,000.00 0.00 2,654,166.67 2,654,166.67 0.00 13,270,833.35 0.00
Class 2009-A5 1,500,000,000.00 0.00 2,812,500.00 2,812,500.00 0.00 14,062,500.00 0.00
Class 2010-B4 339,000,000.00 0.00 319,210.87 319,210.87 0.00 0.00 319,210.87
Class 2011-B1 961,000,000.00 0.00 643,833.70 643,833.70 0.00 0.00 643,833.70
Class 2011-C1 576,000,000.00 0.00 565,098.24 565,098.24 0.00 0.00 565,098.24
Total 39,794,089,786.65 0.00 67,641,119.00 67,641,119.00 0.00 166,238,616.19 76,464,185.44
(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 April 26, 2011
==============================================================================
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 420,000,000.00 Floating Feb, May, Aug, Nov 15 15 - 16 0.44800 470,400.01 No 08/15/2011 08/15/2013
Class 2002-A10 1,000,000,000.00 Floating Monthly 17 18 - 17 0.46585 375,268.06 No 12/17/2012 12/17/2014
Class 2002-A4 750,000,000.00 Floating Monthly 7 7 - 9 0.48550 323,666.67 No 06/09/2014 06/07/2016
Class 2002-C2 350,000,000.00 Fixed Feb, Aug 15 15 - 15 6.95000 0.00 No 02/15/2012 02/18/2014
Class 2003-A10 500,000,000.00 Fixed Jun, Dec 10 10 - 10 4.75000 0.00 Yes 12/10/2013 12/10/2015
Class 2003-A7 650,000,000.00 Fixed Jan, Jul 7 7 - 7 4.15000 0.00 Yes 07/07/2015 07/07/2017
Class 2003-C4 300,000,000.00 Fixed Jun, Dec 10 10 - 10 5.00000 0.00 No 06/10/2013 06/10/2015
Class 2004-A7 1,200,000,000.00 Floating Feb, May, Aug, Nov 24 25 - 24 0.40250 1,194,083.33 No 11/25/2011 11/25/2013
Class 2004-A8 750,000,000.00 Fixed Jun, Dec 10 10 - 10 4.90000 0.00 Yes 12/10/2014 12/12/2016
Class 2004-B2 250,000,000.00 Floating Monthly 7 7 - 9 0.55550 123,444.44 No 10/07/2011 10/07/2013
Class 2004-C1 225,000,000.00 Floating Monthly 15 15 - 16 0.86875 168,320.31 No 07/15/2011 07/15/2013
Class 2005-A2 875,000,000.00 Fixed Mar, Sep 10 10 - 10 4.85000 0.00 Yes 03/10/2015 03/10/2017
Class 2005-A3 1,375,000,000.00 Floating Monthly 24 25 - 24 0.28260 313,018.75 No 04/24/2012 04/24/2014
Class 2005-A4 300,000,000.00 Fixed Jun, Dec 20 20 - 20 4.40000 0.00 Yes 06/20/2012 06/20/2014
Class 2005-A5 200,000,000.00 Fixed Jun, Dec 20 20 - 20 4.55000 0.00 Yes 06/22/2015 06/20/2017
Class 2005-A8 875,000,000.00 Floating Monthly 20 20 - 20 0.28295 206,317.71 No 10/22/2012 10/20/2014
Class 2005-A9 500,000,000.00 Fixed May, Nov 20 20 - 20 5.10000 12,750,000.00 Yes 11/20/2015 11/20/2017
Class 2005-C1 75,000,000.00 Fixed Mar, Sep 24 24 - 24 5.50000 0.00 No 03/24/2015 03/24/2017
Class 2005-C2 175,000,000.00 Floating Monthly 24 25 - 24 0.68260 96,227.64 No 03/24/2015 03/24/2017
Class 2005-C3 375,000,000.00 Floating Monthly 15 15 - 16 0.62875 203,033.85 No 07/16/2012 07/15/2014
Class 2006-A1 700,000,000.00 Floating Feb, May, Aug, Nov 7 7 - 9 0.35050 620,190.28 No 02/07/2013 02/09/2015
Class 2006-A3 750,000,000.00 Fixed Mar, Sep 15 15 - 15 5.30000 0.00 No 03/15/2016 03/15/2018
Class 2006-A4 0.00 Fixed May, Nov 10 10 - 10 5.45000 35,425,000.02 No 05/10/2011 05/10/2013
Class 2006-A7 1,000,000,000.00 Floating Mar, Jun, Sep, Dec 15 15 - 16 0.36950 0.00 Yes 12/15/2016 12/17/2018
Class 2006-A8 1,000,000,000.00 Floating Apr, Jul, Oct, Jan 15 15 - 16 0.31800 0.00 Yes 12/15/2016 12/17/2018
Class 2006-C1 500,000,000.00 Floating Monthly 20 20 - 20 0.61295 255,395.83 No 02/20/2013 02/20/2015
Class 2006-C2 0.00 Fixed May, Nov 15 15 - 15 5.70000 5,700,000.00 No 05/16/2011 05/15/2013
Class 2007-A10 1,100,000,000.00 Floating Monthly 10 11 - 10 0.68138 603,778.39 No 12/10/2012 12/10/2014
Class 2007-A11 1,200,000,000.00 Floating Monthly 10 11 - 10 0.78138 755,334.00 No 01/12/2015 01/10/2017
Class 2007-A3 665,000,000.00 Fixed Jun, Dec 15 15 - 15 6.15000 0.00 Yes 06/15/2037 06/15/2039
Class 2007-A4 225,000,000.00 Floating Sep, Dec, Mar, Jun 15 15 - 16 0.55950 0.00 No 06/15/2037 06/15/2039
Class 2007-A7 3,250,000,000.00 Floating Monthly 20 20 - 20 0.56295 1,524,656.25 No 08/20/2012 08/20/2014
Class 2007-A8 1,750,000,000.00 Fixed Mar, Sep 20 20 - 20 5.65000 0.00 No 09/20/2017 09/20/2019
Class 2007-A9 500,000,000.00 Floating Monthly 17 18 - 17 0.69585 280,272.92 No 10/17/2017 10/17/2019
Class 2007-B5 800,000,000.00 Floating Monthly 7 7 - 9 0.85550 608,355.56 No 11/07/2012 11/07/2014
Class 2008-A1 900,000,000.00 Fixed Feb, Aug 7 7 - 7 5.35000 0.00 No 02/07/2018 02/07/2020
Class 2008-A2 1,850,000,000.00 Floating Monthly 23 25 - 23 1.36260 1,960,630.00 No 01/23/2018 01/23/2020
Class 2008-A5 500,000,000.00 Fixed Apr, Oct 22 22 - 22 4.85000 0.00 No 04/22/2013 04/22/2015
Class 2008-A6 1,150,000,000.00 Floating Monthly 20 20 - 20 1.41295 1,354,077.08 No 05/20/2015 05/22/2017
Class 2008-A7 450,000,000.00 Floating Monthly 20 20 - 20 1.58795 595,481.25 No 05/21/2018 05/20/2020
Class 2008-C6 500,000,000.00 Fixed Jun, Dec 20 20 - 20 6.30000 0.00 No 06/20/2012 06/20/2014
Class 2009-A1 3,000,000,000.00 Floating Monthly 15 15 - 16 1.96875 5,085,937.50 No 03/15/2012 03/17/2014
Class 2009-A2 1,250,000,000.00 Floating Monthly 15 15 - 16 1.76875 1,903,862.85 No 05/15/2012 05/15/2014
Class 2009-A3 600,000,000.00 Fixed Jun, Dec 23 23 - 23 2.70000 0.00 No 06/23/2011 06/24/2013
Class 2009-A4 650,000,000.00 Fixed Jun, Dec 23 23 - 23 4.90000 0.00 No 06/23/2014 06/23/2016
Class 2009-A5 1,500,000,000.00 Fixed June, December 23 23 - 23 2.25000 0.00 No 12/24/2012 12/23/2014
Total 36,935,000,000.00 72,896,752.70
------------------------------------------------------------------------------------------------------------------------------------
(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 2004-A2 1,480,000,000.00 1,480,000,000.00 0.00 0.00 1,480,000,000.00
Class 2006-A4 1,300,000,000.00 1,300,000,000.00 0.00 0.00 1,300,000,000.00
Class 2006-C2 200,000,000.00 200,000,000.00 0.00 0.00 200,000,000.00
Total 2,980,000,000.00 2,980,000,000.00 0.00 0.00 2,980,000,000.00
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 6
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
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 7.49%
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% No
3b. Deposits to and Withdrawals from Class C Reserve Sub-Accounts
---------------------------------------------------------------------------------------------------------------
Class/Tranche Targeted Class C Actual Withdrawals Class C Cumulative
Deposit to Reserve Deposit to from Class C Reserve Shortfall in
Class C Sub-Account Class C Reserve Sub-Account Class C
Reserve Ending Reserve Sub-Account Ending Reserve
Sub-Account Balance as of Sub-Account Balance Sub-Account
Prior Due Period
--------------- ------------ ---------------- ------------- ------------ ------------ --------------
Nothing to report for this period.
Page 7
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
3c. Actual Deposits by Source to Class C Reserve Sub-Accounts
--------------------------------------------------------------------------------------------------
Class/Tranche Surplus Withdrawals Total Required Total
Finance Treated as Finance Finance Funding resulting Actual
Charge Charge Collections Charge From New Deposits
Collections Collections Issuance of Notes
--------------- ----------- ------------------ ----------- ----------------- ---------
Nothing to report for this period.
Page 8
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
3d. Withdrawals from Class C Reserve Sub-Accounts
--------------------------------------------------------------------------------------
Class/Tranche Release of Funds Release of funds in
In excess of Class C Reserve Total
Targeted Sub-Account Actual
Amount Due to Maturity Utilization Withdrawals
--------------- ---------------- ------------------- ----------- ------------
Nothing to report for this period.
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-A7 25,128,222.00 33,504,282.00
Class 2002-A10 59,829,100.00 79,772,100.00
Class 2002-A4 44,871,825.00 59,829,075.00
Class 2003-A10 29,914,550.00 39,886,050.00
Class 2003-A7 38,888,915.00 51,851,865.00
Class 2004-A2 88,547,068.00 118,062,708.00
Class 2004-A6 23,603,085.06 31,470,766.92
Class 2004-A7 71,794,920.00 95,726,520.00
Class 2004-A8 44,871,825.00 59,829,075.00
Class 2005-A1 20,257,017.10 27,009,344.85
Class 2005-A2 52,350,462.50 69,800,587.50
Class 2005-A3 82,265,012.50 109,686,637.50
Class 2005-A4 17,948,730.00 23,931,630.00
Class 2005-A5 11,965,820.00 15,954,420.00
Class 2005-A8 52,350,462.50 69,800,587.50
Class 2005-A9 29,914,550.00 39,886,050.00
Class 2006-A1 41,880,370.00 55,840,470.00
Class 2006-A3 44,871,825.00 59,829,075.00
Class 2006-A4 77,777,830.00 103,703,730.00
Class 2006-A7 59,829,100.00 79,772,100.00
Class 2006-A8 59,829,100.00 79,772,100.00
Class 2007-A10 65,812,010.00 87,749,310.00
Class 2007-A11 71,794,920.00 95,726,520.00
Class 2007-A3 39,786,351.50 53,048,446.50
Class 2007-A4 13,461,547.50 17,948,722.50
Class 2007-A7 194,444,575.00 259,259,325.00
Class 2007-A8 104,700,925.00 139,601,175.00
Class 2007-A9 29,914,550.00 39,886,050.00
Class 2008-A1 53,846,190.00 71,794,890.00
Class 2008-A2 110,683,835.00 147,578,385.00
Class 2008-A5 29,914,550.00 39,886,050.00
Class 2008-A6 68,803,465.00 91,737,915.00
Class 2008-A7 26,923,095.00 35,897,445.00
Class 2009-A1 179,487,300.00 239,316,300.00
Class 2009-A2 74,786,375.00 99,715,125.00
Class 2009-A3 35,897,460.00 47,863,260.00
Class 2009-A4 38,888,915.00 51,851,865.00
Class 2009-A5 89,743,650.00 119,658,150.00
Total 2,207,579,503.65 2,943,438,108.27
Page 9
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending April 26, 2011
==============================================================================
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-B2 333,333,325.00
Class 2007-B5 1,066,666,640.00
Class 2010-B4 451,999,988.70
Class 2011-B1 1,281,333,301.30
Total 3,133,333,255.00
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 7.96%
2) Is the 3 Month Average Surplus Finance Charge Collections
greater than 0.00% Yes
Page 10
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Report this 16 day of May, 2011.
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/ Donald Marmo
____________________________________
Name: Donald Marmo
Title: Authorized Representative
Page 11