Fourth Quarter 2010 Earnings Review

January 18, 2011

Highlights

 2010: Excellent progress executing our strategy

– Positive profits in all quarters
– Citigroup earned $10.6B in 2010
– Continued attracting talent to the franchise
– Citi Holdings assets represent less than 20% of the total
– Citi’s credit spreads improved, reflecting our financial strength

 The government exited its common stake in Citi

 Citi entered 2011 with a solid foundation for sustainable growth

– We will continue to invest in the franchise, particularly in
Emerging Markets, technology and talent
– Economic environment remains challenging

1
 Citigroup – Summary Income Statement

($M M , Except EPS) Citigroup Citicorp Citi Holdings

2010 2009 2010 2009 2010 2009
Net Revenues $86,601 $80,285 $65,560 $61,712 $19,287 $29,128
Operating Expenses 47,375 47,822 35,859 32,640 9,563 13,764
Net Credit Losses 30,859 30,741 11,789 6,155 19,070 24,585
(1)
Net LLR Build (Release) (5,782) 8,263
8, 63 (2,199) 2,853
,853 (3,582) 5,411
5,
PB&C 965 1,258 151 164 813 1,094
Credit Losses, Claims and Benefits 26,042 40,262 9,741 9,172 16,301 31,090
Income T axes 2,233 (6,733) 4,940 4,501 (2,554) (6,878)
N t IIncome ffrom C
Net Cont.
t OOps. $10 951
$10,951 $(1 066)
$(1,066) $15 020
$15,020 $15 399
$15,399 $(4 023) $(8,848)
$(4,023) $(8 848)
Net Income $10,602 $(1,606) $14,898 $15,331 $(4,230) $(8,877)

Diluted EPS $0.35 $(0.80)

(2)
M anaged Net Revenues $86,601 $91,092 $65,560 $68,384 $19,287 $33,263
(2)
M anaged Net Credit Losses 30,859 42,262 11,789 13,086 19,070 29,175
(2, 3)
M anaged Provisions 26,042 51,783 9,741 16,103 16,301 35,680

(1) Includes provision for unfunded lending commitments.

(2) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as
an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
(3) Managed provisions: net loan loss reserve builds (releases), policyholder benefits and claims, plus managed net credit losses.
Note: Totals may not sum due to rounding.
2
 Citigroup – Summary Income Statement
($M M , Except EPS) 4Q'10 3Q'10 4Q'09 %U QoQ %U YoY

Net Revenues $18,371 $20,738 $5,405 (11)% NM

O
Operating
ti Expenses
E 12,471 11,520 12,314 8% 1%
Net Credit Losses 6,854 7,659 7,135 (11)% (4)%
(1)
Net LLR Build (Release) (2,252) (1,967) 755 (14)% NM
PB&C 238 227 294 5% (19)%
Credit Losses, Claims and Benefits 4,840 5,919 8,184 (18)% (41)%
Income T axes (313) 698 (7,353) NM 96%
Net Income from Cont. Ops. $1,373 $2,601 $(7,740) (47)% NM
Net Income $1 309
$1,309 $2 168
$2,168 $(7 579)
$(7,579) (40)% NM

Diluted EPS $0.04 $0.07 $(0.33) (43)% NM

GAAP Managed
4Q'10 3Q'10 4Q'09 %U QoQ %U YoY
(2)
M anaged Net Revenues $18,371 $20,738 $7,882 (11)% NM
(2)
M anaged Net Credit Losses 6,854 7,659 9,980 (11)% (31)%
(2, 3)
M anaged Provisions 4 840
4,840 5 919
5,919 11 029
11,029 (18)% (56)%
(1) Includes provision for unfunded lending commitments.
(2) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished as
an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
(3) Managed provisions: net loan loss reserve builds (releases), policyholder benefits and claims, plus managed net credit losses.
Note: Totals may not sum due to rounding. NM: Not meaningful. 3
Citicorp & Citi Holdings – Financial Summary
($MM) Citicorp Citi Holdings
4Q'10 3Q'10 4Q'09 4Q'10 3Q'10 4Q'09
(1)
M anaged Net Revenues $14,260 $16,289 $13,676 $3,965 $3,853 $5,192
(1)
M anaged Net Credit Losses 2,662 3,020 3,322 4,191 4,640 6,661

Net Revenues $14,260

$ , $16,289
$ , $11,932
$ , $3,965
$ , $3,853
$ , $4,459
$ ,

Operating Expenses 9,401 8,883 8,751 2,356 2,209 3,008

Net Credit Losses 2,662 3,020 1,595 4,191 4,640 5,543

(2)
Net LLR Build (Release) (741) (426) (13) (1,510) (1,541) 768
PB&C 42 38 37 196 189 257
Credit Losses, Claims and Benefits 1,963 2,632 1,619 2,877 3,288 6,568

Income Before T axes 2,896 4,774 1,562 (1,268) (1,644) (5,117)

Net Income $2,448 $3,534 $1,799 $(1,004) $(1,134) $(2,579)

EOP Assets (in $B) $1,284 $1,283 $1,138 $359 $421 $487
EOP Loans (in $B) 407 393 284 242 261 307
EOP Deposits (in $B) 760 757 734 79 82 89
(1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement
furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
(2) Includes provision for unfunded lending commitments.
Note: Corporate/Other and Discontinued Operations, which had net income of $(132)MM in 4Q’10, $(283)MM in 3Q’10 and $(6,799)MM in 4Q’09, are
not shown. Corporate/Other assets were $272B in 4Q’10, $279B in 3Q’10, and $232B in 4Q’09 (for more details please refer to slide 14).
4
 Citicorp – Key Financial Metrics
($B)
Managed Revenues (1) (ex-CVA) Expenses
S&B CVA: (2)
(2.7) 2.6 (0.9) (1.8) (1.9) 0.3 0.3 0.1 (1.0)

15.6
19.8
18.0 17.0 18.2
15.0 15.6 16.2 16.2 15.3 6.5

3
9.1 8.8 8.5 9.1 8.9 9.4
74
7.4 8.1 8.4

4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

Managed Net Credit Losses (1) and LLR Earnings Before Taxes
Ex-CVA & 4Q’08 Goodwill Impairment
LLRs NCLs

1.3 0.5
1.5 8.6
1.0
6.9
3.4 3.6 3.3 3.1 3.0 5.3
2.7 2.7 3.0 2.7 4.5 4.8 4.7
3.5 3.9
3
(0.0) 1.4
(0 7) (0
(0 4) (0.7)
(0.4) (0.4)
4) (0
(0.7)
7)
4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

(1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement
furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
(2) CVA on Citi liabilities at fair value option and Derivatives, net of hedges. (3) Excluding the 4Q’08 $6.5B pre-tax goodwill impairment charge. 5
Citicorp – North America Consumer Banking
($MM) 4Q'10 3Q'10 %U FY 2010 %U
 Revenues
(1)
Managed Basis – QoQ down driven primarily by a
ƒ Cards Revenues $2,206 $2,368 (7)% $9,465 (5)% charge related to enhancements to
ƒ Total Revenues 3 556
3,556 3 740
3,740 (5)% 14 790
14,790 (3)% the cards rewards program and the
ƒ Net Credit Losses 1,768 1,971 (10)% 8,022 (1)% impact of CARD Act

Revenues $3,556 $3,740 (5)% $14,790 72%

ƒ Cards 2,206 2,368 (7)% 9,465 NM  Expenses
ƒ Retail Banking 1,350 1,372 ((2)%
) 5,325 2% – Absence of a 3Q’10 benefit related to
the renegotiation of a third party
Expenses 1,613 1,501 7% 6,224 4%
contract and higher legal and related
Credit Costs 1,425 2,017 (29)% 7,733 NM costs

N.I. from Cont. Ops. $376 $147 NM $607 (17)%

 Credit costs
ƒ Cards 203 (42) NM (164) NM
ƒ Retail Banking 173 189 (8)% 771 (4)% – NCLs declined 10% QoQ to $1.8B,
driven by continued improvement in
(2)
Mgd. Net Credit Margin $1,783 $1,763 1% $6,744 (5)% cards
Key Indicators ($B): – LLR release in cards
Accounts (MM) 34.3 34.5 (1)% 34.3 (7)% – Early and later-stage cards
RB Avg. Deposits $144.5 $144.9 (0)% $144.8 3% delinquencies continued to improve,
RB Avg. Loans 29.7 29.7 0% 30.6 (11)% both QoQ and YoY
(1)
Cards Avg. Mgd. Loans 75.3 76.0 (1)% 76.7 (7)%
Purchase Sales 40.4 39.0 4% 154.9 (7)%

(1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement
furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
(2) Managed Net Credit Margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.
Note: Totals may not sum due to rounding. NM: Not meaningful.
6
Citicorp – International Consumer Banking
($MM) 4Q'10 3Q'10 %U FY 2010 %U

Revenues $4,611 $4,421 4% $17,652 9%  Revenues

ƒ EMEA 381 349 9% 1,511 (3)%
– Growth in business volumes across
ƒ Latin America 2,300 2,233 3% 8,727 10% all regions, partly offset by spread
ƒ Asia 1,930 1,839 5% 7,414 10% compression
Expenses 2,835 2,586 10% 10,230 13%
 Expenses
Credit Costs 593 349 70% 2,092 (63)%
– Continued investment in the franchise,
franchise
Net Income $968 $1,089 (11)% $4,169 NM FX impact and increased business
ƒ EMEA 4 23 (83)% 104 NM volumes
ƒ Latin America 447 561 (20)% 1,893 NM
ƒ Asia 517 505 2% 2,172 52%
 Credit costs
Product Revenues:
ƒ Cards $1,862 $1,788 4% $7,143 8% – Higher QoQ due to lower LLR
ƒ Retail Banking 2,749 2,633 4% 10,509 9% releases and flattening NCLs as the
portfolio continues to grow.
(1)
Net Credit Margin $3,814 $3,629 5% $14,326 21%
– NCL rate improvement driven by India
Key Indicators ($B): in Asia and Brazil and Mexico cards in
Accounts (MM) 76.5 76.4 0% 76.5 1% Latin America
Avg. Deposits $157.4 $150.7 4% $149.8 12%
RB Avg. Loans 85.5 81.8 5% 80.8 15%
Investment Sales 23.7 21.3 11% 92.5 9%
Cards Avg. Loans 35.3 33.5 5% 33.5 7%
Purchase Sales 30.1 26.5 14% 105.1 17%

(1) Net Credit Margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.
Note: Totals may not sum due to rounding. NM: Not meaningful.
7
Citicorp – International Consumer Banking
Accounts (MM) Average Loans & Deposits ($B)
Avg Loans Avg Deposits
78 8
78.8 157 6
157.6
78.2 150.7
142.4 145.0 145.9
77.4
129.4 125.5 132.6 136.6
76.6 76.4 76.5 120.8
75.9 115.3
107.5 110.1 110.9
75.2 75.1 101.7
96 3
96.3 99.5 103.5

4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

Sales (12 Month Trailing $B) Financial Metrics (12 Month Trailing $B)
Purchase Sales Investment Sales
15.2
14.0 13.7 14.3
105.1 12.8 12.3 13.0
101.1 100.8 11.8 11.9
95 4
95.4 97.5
94 1
94.1
89.9 89.7
87.0 (2)
93.6 Net Income NCM
90.5 92.0 90.4 92.5
84.8 (1) 3.7 4.2
80.5 2.8 3.1
79.8 79.7 2.2 1.6 1.5 1.7 2.3

4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

(1) Excluding the 4Q’08 $4.1B after-tax goodwill impairment charge.

(2) Net Credit Margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims. 8
Citicorp – Securities and Banking
($MM) 4Q'10 3Q'10 %U FY 2010 %U
 Revenues
Product Revenues Ex-CVA:
– Investment Banking: Increased
ƒ Investment Banking $1,167 $930 25% $3,828 (20)% equity underwriting activity
ƒ Equity Markets 808 1 062
1,062 (24)% 3 708
3,708 (31)%
ƒ Fixed Income Markets 2,302 3,385 (32)% 14,263 (32)% – Equity Markets: Weaker trading
revenues, mainly in derivatives
ƒ Lending 185 (18) NM 932 NM
ƒ Private Bank 506 492 3% 2,008 (5)% – Fixed Income Markets: Weaker
ƒ Other (397) (357) (11)% (1,256) 27% performance in market-making
activities mainly in G10 rates &
activities,
Regional Revenues Ex-CVA: currencies
ƒ North America $1,552 $2,140 (27)% $9,444 (13)% – Lending: Lower hedge losses
ƒ EMEA 1,298 1,715 (24)% 7,331 (30)%
– Private Bank: Higher client business
ƒ Latin America 678 630 8% 2,480 (13)%
volumes
ƒ Asia 1,044 1,009 3% 4,229 (13)%

Total Revenues Ex-CVA $4,571 $5,494 (17)% $23,483 (19)%  Credit costs

(1)
– NCLs down $156MM as the credit
CVA (1,038) 99 NM (399) 80% quality of the corporate loan portfolio
continued
ti d tto iimprove
Revenues 3,533 5,593 (37)% 23,084 (15)%
– LLR release due to continued
Expenses 3,636 3,566 2% 14,537 11% improvement in the loan portfolio and
net releases for specific
Credit Costs ((62)) 281 NM ((25)) NM counterparties

Net Income $236 $1,378 (83)% $6,469 (29)%

(1) CVA on Citi liabilities at fair value option and Derivatives, net of hedges.
Note: Totals may not sum due to rounding. NM: Not meaningful. 9
Citicorp – Transaction Services
($MM) 4Q'10 3Q'10 %U FY 2010 %U  Revenues
Revenues $2,560 $2,535 1% $10,034 3% – TTS: slight QoQ decline as higher
Trade revenues and increased
ƒ North America 588 620 (5)% 2,483 (2)%
deposits and fees were offset by
ƒ EMEA 840 835 1% 3 356
3,356 (1)% spreadd compression
i
ƒ Latin America 406 384 6% 1,490 9% – SFS: up 6% QoQ reflecting higher
ƒ Asia 726 696 4% 2,705 8% business volumes with particularly
strong growth in Latin America and
Expenses 1,317 1,230 7% 4,868 8% Asia

Credit Costs 7 (15) NM (59) NM  Expenses

– QoQ up 7% driven by higher
N.I. from Cont. Ops. $874 $925 (6)% $3,674 (2)% business volumes and continued
ƒ North America 88 131 (33)% 544 (12)% investment spending
ƒ EMEA 295 305 (3)% 1 224
1,224 (5)%  Credit costs
ƒ Latin America 172 171 1% 653 8% – QoQ negative $22MM LLR variance
ƒ Asia 319 318 0% 1,253 2% due to a release last quarter

Product Revenues:  Average assets up 14% QoQ driven by

ƒ TTS
(1)
1,830 1,846 (1)% 7,262 2% Trade
(2)
ƒ SFS 730 689 6% 2,772 3%  Average deposits and other liability
balances increased 4% during the
Key Indicators:
(3)
quarter
Avg. Deposits ($B) 353 340 4% 333 10%
EOP AUCs ($T) 12.6 12.4 2% 12.6 4%  Assets under custody up 2% QoQ
(1) TTS: Treasury and Trade Solutions.
(2) SFS: Securities and Fund Services.
(3) Average deposits and other customer liability balances.
Note: Totals may not sum due to rounding. NM: Not meaningful. 10
Citi Holdings – Asset Summary
EOP Assets ($B)
4Q’10 3Q’10 %∆
Brokerage & Asset Mgmt. $27 $28 (4.3)%
• MS Smith Barney JV 25 26 (3.6)
(1)
• Retail Alt. Investments 2 2 (13.2)
827 $(468)B
Local Consumer Lending $252 $298 (15.6)%
• North America 226 269 (16.1)
– Mortgages 129 137 (6 3)
(6.3)
– Cards (Retail Partners) 49 49 (0.5)
– Personal 12 13 (3.0)
503 – Student 8 40 (78.7)
487
465 – Auto 7 8 (9.4)
421 – Commercial Real Estate 4 6 (38.4)
359 – Other 17 16 2.1
• EMEA 19 22 (13.3)
• Asia 7 7 (6.0)

Special Asset Pool $80 $95 (15.2)%

• Securities at HTM 27 28 (3.3)
• Loans, Leases & LCs 12 16 (27.8)
• Securities at AFS 9 12 (21.7)
• Trading MTM 20 24 (18.4)
• Other 13 15 (13.1)

Total $359 $421 (14.8)%

(1) Peak quarter.
Note: The adoption of SFAS 166/167 brought $43B on balance sheet as of January 1, 2010.
Totals may not sum due to rounding. 11
Citi Holdings – Key Financial Metrics
($B)
Managed Revenues (1) Expenses
Net Revenue Marks:
(11.3) (5.0) 0.5 1.5 0.2 1.4 1.0 0.5 0.4
85
8.5
16.8
11.1 3.0

2
3
5.7 7.2 6.6 5.5 4.2
4.1 5.2 4.9 3.9 4.0 3.6 3.0 3.0 2.6 2.4 2.2 2.4
(4.2) 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

Managed Net Credit Losses (1) and LLR Net Income

LLRs NCLs
1.2
2.7
4.5 1.7 3 (0.9) (1.2) (1.1) (1.0)
0.3
0 3 (2.0) ((2.6))
08
0.8 2 (5 5)
(5.5)
0.3 (11.6) (5.5)
7.1 8.1 7.4
5.6 6.7
5.2 5.0 4.6 4.2
(2.6)
(0.8) (1.5) (1.5)
(14 2)
(14.2)
4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

(1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished
as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011. (2) Excluding the 4Q’08 $3.0B pre-tax ($2.6B
after tax) goodwill impairment charge. (3) Excluding 2Q’09 $11.1B pre-tax ($6.7B after tax) gain on sale of Smith Barney. 12
Citi Holdings – Financials
($MM) 4Q'10 3Q'10 %U FY 2010 %U
 Revenues
Revenues $3,965 $3,853 3% $19,287 (34)%
– Up $112MM QoQ
ƒ BAM 136 (8) NM 609 (96)%
– BAM: Improved MSSB performance
ƒ LCL 3 403
3,403 3 547
3,547 (4)% 15 826
15,826 (11)%
– LCL: Declining volumes and reserve
ƒ SAP 426 314 36% 2,852 NM
build for CF Japan refunds partly offset
Expenses 2,356 2,209 7% 9,563 (31)% by lower losses on asset sales
– SAP: Higher gains on asset sales
Credit Costs 2,877 3,288 (13)% 16,301 (48)%
 Expenses
Net Income $(1,004) $(1,134) 11% $(4,230) 52%
ƒ BAM (52) (153) 66% (214) NM – Up $147MM QoQ due to higher legal
and related costs and severance
ƒ LCL (1,099) (827) (33)% (5,001) 52%
ƒ SAP 147 ((154)) NM 985 NM  Credit costs
Local Consumer Lending: – QoQ lower by $411MM
ƒ Mgd. Revs. $3,403 $3,547 (4)% $15,826 (28)% – NCLs fell by $449MM, mainly due to
ƒ Mgd. NCLs 3,618 3,949 (8)% 17,040 (28)% continued improvement in retail partner
cards, N.A. mortgages and SAP
SAP Adjusted Revenues: – LLR: Release of $1.5B, $94MM less
ƒ Net Marks $456 $567 (20)% $3,366 NM than in 3Q’10, mainly driven by retail
ƒ Adj. Revs. $(30) $(253) 88% $(514) 24% partner cards

Key Indicators ($B):

EOP Deposits 79.2 82.3 (4)% 79.2 (11)%
LCL EOP Loans $224.9 $237.8 (5)% $224.9 (28)%

Note: Totals may not sum due to rounding.

NM: Not meaningful. 13
Corporate / Other

($MM) 4Q'10 3Q'10 %U FY 2010 %U

 Revenues: sequential decrease mainly due to
lower g
gains on sales of AFS securities
R
Revenues $146 $596 (76)% $1 754
$1,754 NM

N.I. from Cont. Ops. $(230) $91 NM $(46) 99%  Net income: down due to lower revenues and
$286MM of higher expenses primarily driven by
legal and related costs
Balance Sheet (EOP $B):

ƒ Assets
A t $272 $279 (3)% $272 17%  Assets: Cash and deposits with banks plus liquid
AFS investments represent nearly 80% of
ƒ Deposits 6 11 (43)% 6 (53)% Corporate / Other assets

14
Citigroup – Net Credit Losses and Reserves
($B)

Net Credit Losses (1)

Corporate
11.5 11.0
9.8 10.0 0.3 (0.3)
8.3 8.4 8.0 (0.2)
7.7 6.9 0.9
0.5 0.7

(0.7) (0.6) (0.9)

2Q'10 3Q'10 4Q'10
4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 Consumer

Loan Loss Reserves (2) 6.7 5.3 4.9

6.0
4.0 7.5 6.7 6.2
2.7
0.8 0.8
(0.8) (1.4) (1.3)
(0.1)
(2.0) (2.3) (1.5) 2Q'10 3Q'10 4Q'10
4Q 08 1Q'09
4Q'08 1Q 09 2Q'09
2Q 09 3Q'09
3Q 09 4Q'09
4Q 09 1Q'10
1Q 10 2Q
2Q'10
10 3Q
3Q'10
10 4Q'10
4Q 10

(1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement furnished
as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
(2) Loan Loss Reserves include provision for unfunded lending commitments and credit reserve builds/releases.
Note: Totals may not sum due to rounding. 15
Citigroup – Consumer Credit Trends(1)

NCLs Holdings ($B) NCLs Citicorp ($B)

LLR ratio NCL Ratio
7.84% 8.16%
7.87% 7.77%
NCLs
7.00% 6.78%
6.70% Breakdown
5.81% By
Geography
4.76% 6.25% 6.44% 6
6.51%
51%
6.11%
5.79% 5.52%
4.18% 5.29% 5.33%
4.61%
9.7 9.4
3.83% 8.9
83
8.3 8.0
7.2 7.5
6.5 6.7 6.7
6.2 6.2
6.5 6.1 5.8 Int’l
5.6 5.0 4.6 1.2 Int’l
4.3 4.8 4.0 3.7 1.1
NA
N.A.
N.A.
7.0 N.A.
2.3 2.7 3.2 3.3 3.1 3.0 2.9 2.7 2.5 5.5 5.1
2.2

3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 3Q'10 4Q'10

(1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data
Supplement furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011.
Note: LLR and NCL ratios exclude loans recorded at fair value since 1Q’10. SAP consumer NCLs are booked in North America.
Totals may not sum due to rounding. 16
Citigroup – Int’l Consumer Credit Trends
($B)
Citicorp – Asia Consumer Banking Citicorp – Latin America Consumer Banking
90+DPD NCL EOP 4Q’09 3Q’10 4Q’10 90+DPD NCL EOP 4Q’09 3Q’10 4Q’10
Loans $69.3 $77.8 $81.6 Loans $30.6 $33.4 $35.0
$1.03
$0.68 $0
$0.71
71
$0.65
$0.85 $0.88 $0.88
$0.56 $0.81 $0.83
$0.54 $0.51 $0.79 $0.76
$0.45 $0.47 $0.47 $0.66 $0.63 $0.67
$0.61
$0.37 $0.37 $0.54 $0.54
$0.32 $0.51
$0.27 $0.29 $0.28 $0.25 $0.25 $0.46 $0.45 $0.45
$0.24
$0 24

4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

Citi
Citicorp – EMEA Consumer
C Banking
B ki H ldi
Holdings – International
I t ti l LCL
90+DPD NCL
EOP 4Q’09 3Q’10 4Q’10 90+DPD NCL
$1.55
Loans $8.2 $7.6 $7.2 $1.47
$0.25 $1.38 $1.36
$0.23 $1.17
$0.21
$0.18 $0.19 $
$0.19 $0.18
$0 18 $0 96 $0.96
$0.96 $0 96 $0 95
$0.95
$0.15 $0.15 $0.82 $0.78
$0.73 $0.72 $0.71 $0.66
$0.61
$0.09 $0.14 $0.14
$0.12 EOP 4Q’09 3Q’10 4Q’10
$0.09 $0.10 $0.09 $0.50 $0.44
$0.07 Loans $32.3 $24.7 $21.9 $0.38
$
$0.07

4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

17
Citigroup – N.A. Cards Credit Trends(1)
Citicorp ($B) 90+DPD NCLs EOP Loans: ▪ 4Q’09: $84.1 ▪ 3Q’10: $76.6 ▪ 4Q’10: $77.5

$2.31 $2.37 $2.37 $2.30

$2.19 $2.13
$2.00
$1.88
$1 67
$1.67 $2.06 $
$2.08 $2 08
$2.08 $2.05 $1 67
$1.67
$1.95
$1.81
$1.69 $1.60
$1.39
$1.23

3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

Citi Holdings ($B) 90+DPD NCLs EOP Loans: ▪ 4Q’09: $60.6 ▪ 3Q’10: $46.0 ▪ 4Q’10: $46.4

$2.79
$
$2 63
$2.63 $2.59 $2.59 $2 68
$2.68
$2.39
$2.13
$2.00
$2.15 $1.75
$2.00 $1.61
$1.96 $1.96 $1.93
$1 77
$1.77
$1.62
$1.46 $1.50
$1.35

3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

Unemployment Rate
6.1% 7.2% 8.5% 9.5% 9.8% 10.0% 9.7% 9.5% 9.6% 9.4%
(1) Periods prior to 1Q'10 are on a managed basis. For additional information, see Citigroup's Fourth Quarter 2010 Quarterly Financial Data Supplement
furnished as an exhibit to Form 8-K filed with the U.S. Securities and Exchange Commission on January 18, 2011. 18
Citi Holdings – N.A. Mortgage Credit Trends
1st Mortgages ($B) 90+DPD NCLs EOP Loans: ▪ 4Q’09: $98.2 ▪ 3Q’10: $85.4 ▪ 4Q’10: $80.3

$10.51 $10.92
$9.61
$7.76 $8.16 $7.98
$6.96
$6 07
$6.07 $
$5.61
$4.96

$0.75 $0.87 $1.00 $1.27 $1.10 $1.07 $0.82 $0.74 $0.64 $0.55

3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

2nd Mortgages ($B) 90+DPD NCLs EOP Loans: ▪ 4Q’09: $51.3 ▪ 3Q’10: $46.1 ▪ 4Q’10: $44.2

$1.67 $1.68
$1.53
$1.44
$1.35 $1.29 $1.27 $1.22 $1.20
$1.16 $1.13
$1.07 $0.99
$0.93
$0 80
$0.80 $0.85 $0 78
$0.78
$0.66 $0 2
$0.72 $0.69

3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

S&P/Case-Shiller Home Price Index (1)

(16.4)% (18.3)% (18.9)% (14.6)% (8.6)% (2.3)% 2.3% 3.8% (1.5)% n/a
(1) Year-over-year change in the S&P/Case-Shiller U.S. National Home Price Index. Fourth Quarter 2010 not yet available.
Note: Loans 90+ Days Past Due exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies because the potential
loss predominantly resides with the U.S. agencies, and loans recorded at fair value since 1Q’10. 19
Citi Holdings – N.A. Mortgage Delinquencies

First Mortgage Delinquencies(1) ($B)

Days Past Due: 180+ 90 179

90-179 30 89
30-89 30+ DPD

17.16 16.98

14 56
14.56 14.61
13.80
12.84 5.85 6.19 12.64
11.59
10.82 3.85 4.74 5.80
2.88 9.91
2 35
2.35 5.07
5 0
4.66 4 26
4.26
3.19 3.91 3.42 4.73 3.51
2.61 3.80
2.91 2.70
2.10

5.86 6.77 6.03 6.40 6.65 6.07

5.00 4.66 4.64 4.30

3Q'08
3Q 08 4Q'08
4Q 08 1Q'09
1Q 09 2Q'09
2Q 09 3Q'09
3Q 09 4Q'09
4Q 09 1Q'10
1Q 10 2Q'10
2Q 10 3Q'10
3Q 10 4Q'10
4Q 10

(1) Loans 30+ Days Past Due exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies because the potential loss
predominantly resides with the U.S. agencies, and loans recorded at fair value since 1Q’10.
Note: Totals may not sum due to rounding.
20
 Citigroup – Consumer Mortgage Reps & Warranties

Claims (1) Repurchases (2) Repurchase Reserve Balance ($MM)

(Number of Loans ‘000)
$952 $969
20.4 $727
GSEs $450
10.1 Private Investors
0.3

1Q'10 2Q'10 3Q'10 4Q'10

6.6 7.6
04
0.4 $MM 3Q’10 4Q’10

9.8 3.7 Beginning balance $727 $952

3.7
0.5 2.5 0.2
6.2 Additions for new sales (3) 3 4
1.3 0.2
3.3 3.5 Change in estimate (3) 322 248
0.2 2.3
1.2
Losses realized (100) (235)
2008 2009 2010 2008 2009 2010
Ending balance $952 $969
(1) Claims are net of indemnifications.
(2) Includes loans repurchased and make-whole payments.
(3) Flows through the profit and loss statement (contra-revenue item).
Note: Totals may not sum due to rounding 21
Citigroup – Key Capital Metrics

Tier 1 Capital Total Capital Tier 1 Common

16.6% 16.6% 16.1% 16.6%

15.7% 15.6% 15.3% 15.6%
14.9%

12.7% 12.8% 12.5% 12.9%

11.7% 11 9%
11.9% 11 9%
11.9% 11.7% 12 0%
12.0%
11.3%

8.2% 10.3% 10.7%

9.6% 9.7%
9.1% 9.1%

3.7%
2.3% 2.2%
2.7%

(1)
3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10
Risk-Weighted Assets ($B)
$1,176 $996 $1,023 $995 $990 $1,089 $1,064 $1,025 $1,004 $980
(1) Preliminary.
Note: The adoption of SFAS 166/167 in 1Q'10 reduced Tier 1 Common ,Tier 1 Capital and Total Capital ratios by 138, 141 and 142 basis points,
respectively, and increased risk-weighted assets by $24B. The exiting of the loss-sharing agreement with the U.S. Government increased
4Q’09 RWA by approximately $136B. 22
Conclusions

 2010: Citi created a solid foundation for sustainable growth

 Progress executing our strategy

– Positive profits in all quarters for Citigroup and Citicorp
– 2010 earnings of $10.6B for Citigroup and $14.9B for Citicorp
– Continued investment in the franchise
– Citi Holdings: Assets of $359B; down $128B since year-end 2009 and
57% lower than 1Q’08 peak

 Positive operating trends

– Sixth consecutive quarter of improving credit
– Sustained growth in Citicorp
Citicorp’s
s international businesses

 Strong balance sheet

– Tier 1 Common ratio of 10.7%, up 110bps since year-end
year end 2009

23
APPENDIX

Table of Contents

25. Citigroup – Assets 30. Citi Holdings – LCL EBT by

B i
Business
26. Citigroup – Allowance for
Loan Losses 31. Citi Holdings – N.A. 2nd Mortgage
Delinquencies
27 Citigroup – International
27.
Consumer Credit 32. Citi Holdings – SAP Assets

28. Citigroup – Credit Value Adjustment 33. Citi Holdings – SAP AFS/HTM
Assets
29. Citi Holdings – Assets by Segment
34. Citi Holdings – SAP Revenue Marks

24
Citigroup – Assets
Average ($Tr)

Corp/Other Holdings Citicorp

2.06 2.03 2.02 2.01 2.00 1.99

1.90 1.87 1.89 1.90
0 08
0.08 0.13 0.26 0.27
0.20 0.19 0.22 0.26 0.29 0.29
0.73 0.67 0.52 0.49 0.45 0.40
0.64 0.61 0.57 0.51

1.25 1.23 1.23 1.25 1.25 1.29

1.06 1.07 1.10 1.13

(1)
3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10

Net Interest Revenue as a % of Average

g Interest-Earning
g Assets (NIM)
( )
3.19% 3.30% 3.38% 3.28% 2.99% 2.68% 3.35% 3.17% 3.09% 2.97%

(1) Preliminary.
Note: NIM presented on a tax-equivalent basis. The adoption of SFAS 166/167 brought $137B on balance sheet as of January 1, 2010.
Totals may not sum due to rounding. 25
Citigroup – Allowance for Loan Losses

Corporate Allowances ($B)

Consumer Allowances ($B)
6.80% 6.72% 6.73%
LLR ratio 6.31%
6.09%
5.85%
5.60%
4.82%
4.27% 48.7
46.2
3.35% 43.7
7.3 40.7
6.6
35.9 36.4 36.0 6.1
5.2
31 7
31.7
29.6 8.0 8.0 7.6
24.0 7.7
7.4
4.9 41.4 39.6 37.6 35.4
28 0
28.0 28 4
28.4 28 4
28.4
22.2 24.0
19.1

(1)
3Q'08
3Q 08 4Q'08
4Q 08 1Q'09
1Q 09 2Q'09
2Q 09 3Q'09
3Q 09 4Q'09
4Q 09 1Q'10
1Q 10 2Q'10
2Q 10 3Q'10
3Q 10 4Q'10
4Q 10

(1) Preliminary.
Note: LLR ratio excludes loans recorded at fair value since 1Q’10.
The adoption of SFAS 166/167 increased allowances by $13.4B as of January 1, 2010.
26
Citigroup – International Consumer Credit
Rank % of Total 90+DPD Ratio NCL Ratio % of Total
4Q'10
ANR ANR 4Q'10 3Q'10 4Q'10 3Q'10 NCLs

Citicorp p
Korea 1 20.5% 0.3% 0.3% 0.8% 0.9% 6.7%
Mexico 2 17.4% 1.7% 2.1% 4.8% 5.4% 33.5%
Australia 3 10.6% 0.7% 0.7% 1.6% 1.6% 6.9%
Singapore 4 6.7% 0.2% 0.2% 0.4% 0.4% 1.0%
B
Brazilil 5 6 1%
6.1% 2.7%
% 2.9%
% 6 4%
6.4% 6 2%
6.2% 15 7%
15.7%
India 6 5.5% 0.9% 1.1% 1.5% 2.2% 3.3%
Hong Kong 7 5.4% 0.1% 0.1% 0.5% 0.5% 1.0%
Taiwan 8 4.7% 0.3% 0.3% 0.4% 0.4% 0.8%
Malaysia 9 4.5% 1.6% 1.5% 1.1% 1.3% 2.0%
Japan 10 2.3% 0.8% 0.9% 3.1% 3.3% 2.8%
83.6% 1.1% 1.1% 2.5% 2.6% 73.9%

Holdings
UK 1 28.2%
28 2% 2.5%
2 5% 2.2%
2 2% 3.0%
3 0% 3.9%
3 9% 13.9%
13 9%
Japan 2 16.1% 1.9% 2.0% 12.7% 16.0% 33.4%
Spain 3 14.2% 4.9% 5.5% 4.6% 6.1% 10.6%
Belgium 4 13.1% 0.9% 0.9% 2.5% 1.8% 5.4%
Greece 5 9.8% 5.3% 5.3% 16.4% 14.8% 26.3%
81.4% 3.1% 2.9% 6.1% 6.8% 89.7%
Note: For 4Q’10, Citicorp total ANR of $121.0B and total NCLs of $0.8B, Citi Holdings total ANR of $24.4B and total NCLs of $0.4B.

27
 Citigroup – Credit Value Adjustment
CVA
Average Spreads (bps) 4Q’10 ($MM) Balance
P&L

350 C 5yr CDS C 5yr Cash Derivatives (1)

Assets - Citicorp $(2,672) $545

300 Assets - Holdings (343) 80

Liabilities - Citicorp 1 122

1,122 (262)

Liabilities- Holdings 163 26

250
Total before hedging (1,730) 389

Hedging (685)
200
Total net derivatives CVA (1,730) (296)

Citi Debt at Fair Value

150
Citicorp 256 (795)

Citi Holdings 3 (11)

100 Total Citi Debt at Fair Value 259 (806)

01/10 03/10 05/10 07/10 09/10 10/10 12/10
TOTAL (1,471) (1,101)

(1) Credit value adjustment on the fair value of derivative instruments with non-monoline counterparties.
Note: Citi cash spread shown versus 5-year U.S. Treasury rate, Credit Default Swaps (CDS) represent insurance premium in basis points. 28
Citi Holdings – Assets by Segment
EOP $B
Assets Local Consumer Lending: $252B

BAM LCL SAP Primerica 3%

2% CRE
827 57% International
Student Loans
10%
323 503 4%
487 465 421 45% CitiMortgage
126 359 Retail Partners 19%
136 112 95
80 Cards
442
321 346 323 298 252 14%
62 30 31 30 28 27 CitiFinancial
1Q'08 4Q'09 1Q'10 2Q'10 3Q'10 4Q'10 3% Auto

Brokerage & Asset Management: $27B Special Asset Pool: $80B

Other 4% Securities at HTM

Retail
Consumer/SMEs 3%
Alternative
Equity 7% 33%
Investments
Securities
MS Smith
94% 5% LatAm Highly Lev
Fin. Commit. 2% 11% at AFS
1% Asset
Barney JV 14%
Mgmt.
25%
Loans, Leases
&LLetters
tt off Trading MTM
Credit at HFI/HFS

Note: Totals may not sum due to rounding.

29
Citi Holdings – LCL EBT by Business
($MM)

Earnings Before T axes

4Q'10
4Q 10 3Q'10
3Q 10 2Q'10
2Q 10 1Q'10
1Q 10 4Q'09
4Q 09 3Q'09
3Q 09

Local Consumer Lending

- Retail Partner Cards $153 $590 $140 $(438) $124 $(146)
- CitiFinancial N.A. (60) (63) (218) 13 (574) (175)
- Real Estate Lending (1,038) (1,372) (1,786) (1,525) (2,818) (2,473)
- Commercial Real Estate (157) (394) (152) (247) (112) (137)
- Auto 25 53 123 26 40 44
- Student Loans (32) (104) 16 (5) 66 75
- Primerica 151 153 222 180 179 203
- LCL NA Other (222) (138) (115) (119) (199) (182)
North America $(1,179) $(1,275) $(1,770) $(2,116) $(3,294) $(2,790)
EM EA (127) (19) (138) (681) (562) (717)
Asia (284) (209) (222) (264) (478) (316)
Latin America 5 4 1 (5) (7) (17)

Local Consumer Lending $(1,585) $(1,501) $(2,130) $(3,066) $(4,342) $(3,841)

Note: Totals may not sum due to rounding.

30
Citi Holdings – N.A. Mortgage Delinquencies

Second Mortgage Delinquencies(1) ($B)

Days Past Due: 180+ 90 179

90-179 30 89
30-89 30+ DPD

2.88 2.84
2.69 2.75
2 4
2.54 0 21
0.21 0.28 2.53
0.27 0.27 2.34
0.17 2.30 2.22
0.25
2.07
0.29 0.29
0.16 0.30
1.46 1.40 1.17
1 18
1.18 1 26
1.26 1 04
1.04
0.98 0.93 0.89
0.90

1.19 1.20 1.16 1.16 1 31

1.31 1.24
1.01 1.07 1.07 1.02

3Q'08
3Q 08 4Q'08
4Q 08 1Q'09
1Q 09 2Q'09
2Q 09 3Q'09
3Q 09 4Q'09
4Q 09 1Q'10
1Q 10 2Q'10
2Q 10 3Q'10
3Q 10 4Q'10
4Q 10

(1) Loans 30+ Days Past Due exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies because the potential loss
predominantly resides with the U.S. agencies, and loans recorded at fair value since 1Q’10.
Note: Totals may not sum due to rounding.
31
Citi Holdings – SAP Assets
EOP Assets 4Q’10
($B) Face EOP Assets
4Q’10 3Q’10 2Q’10 1Q’10 Value (% of Face)

Total Securities at AFS/HTM $35 9

$35.9 $39 4
$39.4 $55 1
$55.1 $58 8
$58.8 $48 8
$48.8 74%
(1)
Loan, leases & LC at HFI/HFS $11.6 $16.1 $18.0 $22.1 $14.8 78%
Corporates 8.1 9.6 11.1 13.8 9.0 89%
Commercial Real Estate 3.6 7.1 8.0 9.1 3.7 97%
(2)
Other 1.7 2.0 2.1 2.6 2.1 83%
Loan Loss Reserves (1.8) (2.5) (3.2) (3.5) - NM
Trading Mark-to-Market $20.0 $24.5 $23.7 $28.6 NM NM
Subprime Securities 0.2 0.2 0.8 5.9 2.2 8%
(3)
Other Securities 7.3 8.7 5.8 5.3 24.0 30%
Derivatives 46
4.6 68
6.8 72
7.2 68
6.8 NM NM
Loans, Leases and Letters of Credit 2.4 3.1 3.7 4.2 3.4 71%
Repurchase Agreements 5.5 5.7 6.2 6.4 NM NM
Highly Lev. Fin. Commitments 1.9 2.0 2.0 2.0 2.6 74%
Equities (excludes ARS at AFS) 5.7 5.8 5.9 6.3 NM NM
Monolines 0.4 0.5 0.4 1.3 NM NM
(4)
Consumer and Other 4.9 6.6 6.7 6.4 NM NM

Total $80.4 $94.8 $111.7 $125.5

(1) HFS accounts for approximately $1.0B of the 4Q’10 total. (2) Includes $0.5B of Subprime and $0.4B of Leases in 4Q’10. (3) Includes $4.2B of ARS, and
$1.2B of Corporates in 4Q’10. (4) Includes $1.3B of Small Business Banking & Finance loans and $0.9B of personal loans in 4Q’10.
Note: SAP had total CRE assets of $6.1B and Subprime assets of $1.7B as of 4Q’10. Assets in the SIVs have been allocated to their corresponding asset
categories. Excludes Discontinued Operations.
Totals may not sum due to rounding.
32
Citi Holdings – SAP AFS/HTM Assets

EOP Assets 4Q’10

($B) Face EOP Assets
4Q’10
4Q 10 3Q’10
3Q 10 2Q’10
2Q 10 1Q’10
1Q 10 Value (% of Face)

Securities at AFS $9.1 $11.6 $27.0 $16.4 $10.0 91%

Corporates 5.4 7.1 7.7 7.6 5.6 98%
Prime and Non-U.S. MBS 1.4 1.7 7.1 4.7 1.7 83%
Auction Rate Securities 20
2.0 20
2.0 62
6.2 24
2.4 25
2.5 81%
Alt-A mortgages - - 0.6 - - NM
Government Agencies 0.0 0.0 0.0 0.0 0.0 89%
(1)
Other Securities 0.1 0.7 5.3 1.7 0.2 73%

Securities at HTM $26.9

$26 9 $27.8
$27 8 $28.1
$28 1 $42.4
$42 4 $38.8
$38 8 69%
Corporates 6.1 6.3 6.1 7.6 6.7 90%
Prime and Non-U.S. MBS 8.0 8.5 8.3 12.8 9.9 81%
Auction Rate Securities 0.9 1.0 1.0 5.3 1.1 79%
Alt-A mortgages 8.8 9.0 9.4 10.3 17.1 52%
Government Agencies - - - - - NM
(2)
Other Securities 3.0 3.1 3.3 6.4 3.9 77%

Total Securities at AFS/HTM $35.9 $39.4 $55.1 $58.8 $48.8 74%

(1) Includes Commercial Real Estate ($0.1B) in 4Q’10.
(2) 4Q’10 includes assets previously held by SIVs ($2.1B
$ of ABS, CDOs/CLOs and government bonds).
Note: Assets in the SIVs have been allocated to their corresponding asset categories.
Totals may not sum due to rounding.

33
Citi Holdings – SAP Revenue Marks
($MM) 4Q’08 1Q’09 2Q’09 3Q’09 4Q’09 1Q’10 2Q’10 3Q’10 4Q’10
MTM on sub-prime
related direct exposures(1) (4,582) (2,296) 613 1,967 526 804 1,046 160 (16)
Monoline Credit Value
Adjustment (CVA) (897) (1,090) 157 (61) (306) 398 35 61 28
MTM on highly lev’d
finance commitments(2) (594) (247) (237) (24) (13) (1) --- --- 21
MTM on Alt
Alt-AA
mortgages (3) (1,067) (503) (390) (196) (362) (164) (163) (6) (124)
Mark to market on ARS(4) (306) (23) --- --- --- --- (8) 109 138
MTM on CRE(3) (791) (96) (213) (485) (10) (58) (174) (123) (92)
MTM on SIVs (1 064)
(1,064) (47) 50 (40) (43) (24) (123) (4) (28)
CVA on Citi Liabilities at
Fair Value Option 233 (18) (156) (64) (14) (4) 8 (3) (11)
Derivatives CVA(5) (453) 32 219 (61) (18) 27 (54) 19 (52)
PE & Equity Inv. (1,498) (1,015) (73) (21) (19) (12) 31 87 308
Gross Revenue Marks (11,019) (5,303) (31) 1,015 (258) 966 599 300 172
Non-credit Accretion(6) 190 541 501 502 450 395 383 267 284
Net Revenue Marks (10,829) (4,762) 470 1,517 192 1,361 982 567 456

Note: Excludes Discontinued Operations.

(1) Net of impact from hedges against direct subprime ABS CDO super senior positions. (2) Net of underwriting fees. (3) Net of hedges. (4) Excludes write-
downs from ARS buy backs. (5) CVA net of hedges. (6) Booked in the net interest revenue line.
Note: Totals may not sum due to rounding.

34
Certain statements in this document are “forward-looking statements”

within the meaning of the rules and regulations of the U

U.S.
S Securities

and Exchange Commission. These statements are based on

management’s
t’ currentt expectations
t ti and
d are subject
bj t to
t uncertainty
t i t

and changes in circumstances. Actual results may differ materially

from those included in these statements due to a variety of factors,

including the precautionary statements included in this document and

those contained in Citigroup’s filings with the U.S. Securities and

Exchange Commission, including without limitation the “Risk Factors”

section of Citigroup’s 2009 Form 10-K.

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