Citigroup Q1 Earnings Financial Supplement

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

1Q09 Page Number

Citigroup Consolidated Financial Summary

1

Consolidated Statement of Income

2

Consolidated Balance Sheet

3

Income: Segment View Regional View Net Revenues: Segment View Regional View

4 5 6 7

Segment Detail Global Cards

8 - 10

Consumer Banking

11 -14

Institutional Clients Group (ICG) Securities and Banking Transaction Services

Global Wealth Management Regional Detail North America EMEA Latin America Asia

15 16 17 18 - 19

20 21 22 23 -24

Citigroup Supplemental Detail Return on Capital

25

Average Balances and Interest Rates Consumer Loan Delinquency Amounts, Net Credit Losses and Ratios

26 27

Allowance for Credit Losses: Total Citigroup Consumer Loans Corporate Loans Components of Provision for Loan Losses Non-Performing Assets

28 29 30 31 32

CITIGROUP -- FINANCIAL SUMMARY (In millions of dollars, except per share amounts)

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

Total Revenues, Net of Interest Expense Total Operating Expenses Provision for Loan Losses and for Benefits and Claims Income Taxes

$

12,441 15,775 5,852 (3,939)

$

18,077 15,644 7,100 (2,404)

$

16,680 14,425 9,067 (3,294)

$

5,595 25,290 12,695 (10,975)

$

24,789 12,087 10,307 785

99% (23%) 76% NM

Income (Loss) from Continuing Operations Discontinued Operations, After-tax Minority Interest

$

(5,247) 115 (21)

$

(2,263) (156) 76

$

(3,518) 608 (95)

$

(21,415) 3,843 (309)

$

1,610 (33) (16)

NM NM 24%

Net Income (Loss)

$

(5,111)

$

(2,495)

$

(2,815)

$

(17,263)

$

1,593

NM

Diluted Earnings Per Share: Income (Loss) from Continuing Operations

$

(1.06) (1) $

(0.51) (1)

$

(0.74) (1) $

(4.18) (1)

$

(0.18) (1)

83%

Net Income (Loss)

$

(1.03) (1) $

(0.55) (1)

$

(0.61) (1) $

(3.40) (1)

$

(0.18) (1)

83%

Shares (in millions): Average Basic Average Diluted Common Shares Outstanding, at period end Preferred Dividends - Basic (in millions) (2) Preferred Dividends - Diluted (in millions) (2)

5,085.6 5,591.1 5,249.8 $ $

83 17

5,287.4 5,800.0 5,445.4 $ $

361 91

5,341.8 5,867.3 5,449.5 $ $

389 119

5,346.9 5,922.0 5,450.1 $ $

862 591

5,385.0 5,969.1 5,512.8 $ $

6% 7% 5%

1,221 951

Income Available to Common Shareholders - Basic Income (Loss) from Continuing Operations

$

(5,330)

$

(2,624)

$

(3,907)

$

(22,314)

$

(949) (3)

82%

Net Income (Loss)

$

(5,194)

$

(2,856)

$

(3,204)

$

(18,162)

$

(966) (3)

81%

Income (Loss) from Continuing Operations

$

(5,264) (1) $

(2,354) (1)

$

(3,637) (1) $

(22,043) (1)

$

(679) (1) (3)

87%

Net Income (Loss)

$

(5,128) (1) $

(2,586) (1)

$

(2,934) (1) $

(17,891) (1)

$

(696) (1) (3)

86%

Income Available to Common Shareholders - Diluted

Financial Ratios: Tier 1 Capital Ratio Total Capital Ratio Leverage Ratio Return on Common Equity

7.74%

8.74%

8.19%

11.92%

11.8%

*

11.22% 4.39% (18.6%)

12.29% 5.04% (10.4%)

11.68% 4.70% (12.2%)

15.70% 6.08% (85.3%)

15.5% 6.6% (5.6%)

* * *

(3)

Balance Sheet Data, EOP (in billions, except Book Value per Share): Total Assets

1,822.6

*

(17%)

Trading Account Assets

578.4

505.4

457.5

377.6

335.2

*

(42%)

Total Loans

789.8

746.8

717.0

694.2

657.3

*

(17%)

Total Deposits Stockholders' Equity Equity and Trust Securities Book Value Per Share

831.2 128.1 152.0 20.70

803.6 136.4 160.1 20.01

780.3 126.1 149.7 18.10

774.2 141.6 165.5 13.02

762.7 143.9 168.5 12.64

* * * *

(8%) 12% 11% (39%)

309

*

(16%)

Direct Staff (in thousands)

$

$

2,199.7

369

$

$

2,100.4

363

$

$

2,050.1

352

$

$

1,938.5

$

$

323

(1) The Company adopted FSP EITF 03-6-1 on January 1, 2009. All prior periods have been restated to conform to the current presentation. The Diluted EPS calculation for the first, second, third and fourth quarters of 2008; and the 2009 first quarter utilizes Basic shares and Income available to common shareholders (Basic) due to the negative Income available to common shareholders. Using actual Diluted shares and Income available to common shareholders (Diluted) would result in anti-dilution. (2) Beginning in the fourth quarter of 2008, preferred stock dividends (subject to declaration) will vary quarter-to-quarter due to Series E being declared on a semi-annual basis compared to a quarterly basis for all other series. (3) The first quarter of 2009 Income available to common shareholders includes a reduction of $1.285 billion related to the conversion price reset (triggered on January 23, 2009) pursuant to Citigroup's prior agreement to the purchasers of the $12.5 billion convertible preferred stock issued in the private offering. The conversion price was reset from $31.62 per share to $26.35 per share. The reset will result in Citigroup’s issuing approximately 79 million additional common shares if converted. There is no impact to net income, total stockholders’ equity or capital ratios due to the reset. However, the reset resulted in a reclassification from Retained earnings to Additional paid-in capital of $1.285 billion and a reduction in Income available to common shareholders of $1.285 billion. Income available to common shareholders for the fourth quarter of 2008 and first quarter of 2009 includes a reduction of $ 37 million and $53 million, respectively, related to the quarterly amortization of the TARP Warrants discount. NM Not meaningful Reclassified to conform to the current period's presentation. * Preliminary Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME (In millions of dollars)

1Q 2008 Revenues Interest revenue Interest expense Net interest revenue

$

2Q 2008

29,190 16,122 13,068

$

3Q 2008

27,372 13,407 13,965

$

4Q 2008

26,182 12,776 13,406

$

23,911 10,658 13,253

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009 $

20,609 7,711 12,898

(29%) (52%) (1%)

Commissions and fees Principal transactions Administrative and other fiduciary fees Realized gains (losses) on investments

1,576 (6,663) 2,298 (119)

6,043 (5,589) 2,289 (139)

3,425 (2,904) 2,165 (605)

183 (7,032) 1,808 (1,198)

4,326 3,794 1,662 9

NM NM (28%) NM

Insurance premiums Other revenue Total non-interest revenues Total revenues, net of interest expense

843 1,438 (627) 12,441

847 661 4,112 18,077

823 370 3,274 16,680

708 (2,127) (7,658) 5,595

755 1,345 11,891 24,789

(10%) (6%) NM 99%

Provisions for Credit Losses and for Benefits and Claims Provision for loan losses Policyholder benefits and claims Provision for unfunded lending commitments

5,577 275 -

6,983 260 (143)

8,943 274 (150)

12,171 594 (70)

9,915 332 60

78% 21% -

5,852

7,100

9,067

12,695

10,307

76%

8,764 1,356 1,542 636 15 3,462 15,775

8,903 1,408 1,559 648 (44) 3,170 15,644

7,758 1,406 1,553 514 8 3,186 14,425

6,500 1,402 1,508 494 1,787 13,599 25,290

6,419 1,144 1,179 343 (13) 3,015 12,087

(27%) (16%) (24%) (46%) NM (13%) (23%)

Income (Loss) from Continuing Operations before Income Income Taxes

(9,186)

(4,667)

(6,812)

(32,390)

2,395

NM

Provision (benefits) for income taxes

(3,939)

(2,404)

(3,294)

(10,975)

785

NM

Income (Loss) from Continuing Operations

(5,247)

(2,263)

(3,518)

(21,415)

1,610

NM

232 (517) (129) (156)

501 9 (98) 608

(2,419)

(2,910)

Total provisions for credit losses and for benefits and claims Operating Expenses Compensation and benefits Premises and Equipment Technology / communication expense Advertising and marketing expense Restructuring-related items Other operating Total operating expenses

Discontinued Operations (1) Income (Loss) from Discontinued Operations Gain (Loss) on Sale Provision (benefits) for income taxes Income (Loss) from Discontinued Operations, net

163 48 115

582 3,647 386 3,843

(18) (12) 3 (33)

Net Income (Loss) before attribution of Minority Interests

(5,132)

Net Income (Loss) attributable to noncontrolling Minority Interests (Minority Interest) Citigroup's Net Income (Loss) (1)

(21) $

(5,111)

76 $

(2,495)

(17,572)

(95) $

(2,815)

1,577

(309) $

(17,263)

NM

(16) $

1,593

NM

Discontinued Operations includes: a) The sale of substantially all of Citigroup’s CitiCapital equipment finance unit to General Electric. b) The sale of substantially all of Citigroup’s Retail Banking Operations in Germany to Credit Mutuel.

NM Not meaningful Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET (In millions of dollars)

March 31, 2008 Assets Cash and due from banks (including segregated cash and other deposits) Deposits with banks Fed funds sold and securities borr'd or purch under agree. to resell Brokerage receivables Trading account assets Investments Available-for-sale and non-marketable equity securities Held-to-maturity Total Investments Loans, net of unearned income Consumer Corporate Loans, net of unearned income Allowance for loan losses Total loans, net Goodwill Intangible assets (other than MSR's) Mortgage servicing rights (MSR's) Other assets Assets of discontinued operations held for sale Total assets Liabilities Non-interest-bearing deposits in U.S. offices Interest-bearing deposits in U.S. offices Total U.S. Deposits

$

$

44,824 67,945 220,169 62,492 505,439

September 30, 2008 $

63,026 78,670 225,409 80,532 457,462

December 31, 2008 $

29,253 170,331 184,133 44,278 377,635

March 31, 2009 (1) $

March 31, 2009 vs. December 31, 2008 Inc (Decr)

31,063 159,503 179,603 43,329 335,222

6% (6%) (2%) (2%) (11%)

204,154 1 204,155

232,527 1 232,528

205,730 1 205,731

191,561 64,459 256,020

178,046 60,760 238,806

(7%) (6%) (7%)

596,987 192,856 789,843 (18,257) 771,586 43,471 16,229 7,716 169,289 -

571,238 175,552 746,790 (20,777) 726,013 42,386 15,608 8,934 161,101 12,946

543,436 173,519 716,955 (24,005) 692,950 39,662 15,118 8,346 164,598 18,627

519,673 174,543 694,216 (29,616) 664,600 27,132 14,159 5,657 165,272 -

489,805 167,487 657,292 (31,703) 625,589 26,410 13,612 5,481 163,960 -

(6%) (4%) (5%) 7% (6%) (3%) (4%) (3%) (1%) -

$

2,199,697

$

2,100,385

$

2,050,131

$

1,938,470

$

1,822,578

(6%)

$

43,779 226,285 270,064

$

49,636 210,916 260,552

$

61,694 215,423 277,117

$

60,070 229,906 289,976

$

83,245 214,673 297,918

39% (7%) 3%

Non-interest-bearing deposits in offices outside the U.S. Interest-bearing deposits in offices outside the U.S. Total International Deposits Total deposits Fed funds purch and securities loaned or sold under agree. to repurch. Brokerage payables Trading account liabilities Short-term borrowings Long-term debt Other liabilities (2) Liabilities of discontinued operations held for sale Total liabilities

30,837 73,318 239,006 65,653 578,437

June 30, 2008

$

45,230 515,914

46,765 496,325

46,348 456,878

37,412 446,797

36,602 428,176

(2%) (4%)

561,144

543,090

503,226

484,209

464,778

(4%)

831,208

803,642

780,343

774,185

762,696

(1%)

279,561 95,597 201,986 135,799 424,959 98,277 2,067,387

246,107 96,432 189,468 114,445 417,928 90,987 456 1,959,465

250,419 117,536 169,283 104,855 393,097 90,801 14,273 1,920,607

205,293 70,916 167,478 126,691 359,593 90,292 1,794,448

184,803 58,950 130,826 116,389 337,252 85,735 1,676,651

(10%) (17%) (22%) (8%) (6%) (5%) (7%)

$

$

$

$

Equity Stockholders' Equity Preferred Stock Common Stock Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive income (loss) Total stockholders' equity

19,384 55 11,131 114,899 (10,020) (7,381) $

Noncontrolling Minority interests (Minority Interest)

128,068

27,424 57 16,594 110,290 (9,911) (8,049) $

4,242

136,405

27,424 57 16,884 105,340 (9,642) (14,001) $

4,515

126,062

70,664 57 19,165 86,521 (9,582) (25,195) $

3,462

141,630

74,246 57 16,525 86,115 (5,996) (27,013) $

2,392

143,934 1,993

Total equity

$

132,310

$

140,920

$

129,524

$

144,022

$

145,927

Total liabilities and equity

$

2,199,697

$

2,100,385

$

2,050,131

$

1,938,470

$

1,822,578

(1)

Preliminary

(2)

Includes allowance for credit losses for letters of credit and unfunded lending commitments of $1,250 million for the first quarter of 2008, $1,107 million for the second quarter of 2008, $957 million for the third quarter of 2008, and $887 million for the fourth quarter of 2008, respectively, and $947 million for the first quarter of 2009.

5% (14%) (37%) (7%) 2% (17%) 1% (6%)

NM Not meaningful Reclassified to conform to the current period's presentation.

Page 3

CITIGROUP -- NET INCOME SEGMENT VIEW (In millions of dollars)

1Q 2008 Global Cards: North America EMEA Latin America Asia

$

Total Global Cards

2Q 2008

537 42 516 131

$

1,226

3Q 2008 178 4 165 105

$

452

4Q 2008

(873) (25) (36) 32

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

(371) (138) (154) 53

(902)

(610)

$

(209) (65) 669 22

NM NM 30% (83%)

417

(66%)

Consumer Banking: North America

(333)

(951)

(1,080)

(6,639)

(1,245)

EMEA Latin America Asia

(85) 271 199

(63) 76 110

(94) 29 46

(364) (4,198) 796

(178) 81 116

52

(828)

(1,099)

(10,405)

(1,226)

NM

(5,955) (1,142) 382 358

(2,853) (89) 402 496

(2,950) 104 271 558

(8,713) 25 237 (1,248)

(135) 2,019 442 507

98% NM 16% 42%

(6,357)

(2,044)

(2,017)

(9,699)

2,833

NM

Total Consumer Banking

NM NM (70%) (42%)

Institutional Clients Group (ICG): North America EMEA Latin America Asia Total Institutional Clients Group (ICG) Global Wealth Management: North America

165

309

264

230

244

48%

EMEA

26

20

24

14

26

-

Latin America

26

15

16

(1)

Asia

77

61

59

(214)

294

405

363

(462)

(248)

137

(5,247)

(2,263)

Total Global Wealth Management

Corporate / Other Income (Loss) From Continuing Operations

(3,518)

Discontinued Operations

115

(156)

608

Net Income (Loss) attributable to noncontrolling Minority Interests

(21)

76

(95)

Citigroup's Net Income (Loss)

NM Not meaningful Reclassified to conform to the current period's presentation.

$

(5,111)

$

(2,495)

$

(2,815)

(9)

(100%)

29

261

(11%)

(730)

(675)

(46%)

(21,415)

1,610

3,843

(17,263)

NM

(33)

(309) $

NM

-

(16) $

1,593

NM

Page 4

CITIGROUP -- NET INCOME REGIONAL VIEW (In millions of dollars)

1Q 2008 North America Global Cards Consumer Banking Institutional Clients Group Securities & Banking Transaction Services Global Wealth Management

$

2Q 2008

537 (333) (5,955) (6,034) 79 165

$

3Q 2008

178 (951) (2,853) (2,904) 51 309

$

4Q 2008

(873) (1,080) (2,950) (3,037) 87 264

$

(371) (6,639) (8,713) (8,784) 71 230

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

$

(209) (1,245) (135) (269) 134 244

NM NM 98% 96% 70% 48%

Total North America

(5,586)

(3,317)

(4,639)

(15,493)

(1,345)

76%

EMEA Global Cards Consumer Banking Institutional Clients Group Securities & Banking Transaction Services Global Wealth Management

42 (85) (1,142) (1,364) 222 26

4 (63) (89) (327) 238 20

(25) (94) 104 (175) 279 24

(138) (364) 25 (240) 265 14

(65) (178) 2,019 1,728 291 26

NM NM NM NM 31% 0%

(1,159)

(128)

(463)

1,802

NM

Total EMEA Latin America Global Cards Consumer Banking Institutional Clients Group Securities & Banking Transaction Services Global Wealth Management

9

516 271 382 250 132 26

165 76 402 260 142 15

(36) 29 271 126 145 16

(154) (4,198) 237 129 108 (1)

1,195

658

280

(4,116)

1,183

131 199 358 59 299 77

105 110 496 226 270 61

32 46 558 252 306 59

53 796 (1,248) (1,525) 277 (214)

22 116 507 237 270 -

(83%) (42%) 42% NM (10%) (100%)

Total Asia

765

772

695

(613)

645

(16%)

Corporate / Other

(462)

(248)

137

(730)

(675)

(46%)

(5,247)

(2,263)

Total Latin America Asia Global Cards Consumer Banking Institutional Clients Group Securities & Banking Transaction Services Global Wealth Management

Income (Loss) From Continuing Operations

(3,518)

Discontinued Operations

115

(156)

608

Net Income (Loss) attributable to noncontrolling Minority Interests

(21)

76

(95)

Citigroup's Net Income (Loss)

$

(5,111)

$

(2,495)

$

(2,815)

669 81 442 294 148 (9)

(21,415)

1,610

3,843

(17,263)

(1%)

NM

(33)

(309)

$

30% (70%) 16% 18% 12% NM

(16)

$

1,593

NM

NM Not meaningful Reclassified to conform to the current period's presentation.

Page 5

CITIGROUP -- NET REVENUES SEGMENT VIEW (In millions of dollars)

1Q 2008 Global Cards: North America EMEA Latin America Asia

$

Total Global Cards

2Q 2008

3,343 585 1,776 675

$

2,928 611 1,229 659

3Q 2008 $

4Q 2008

1,388 593 1,143 665

$

2,640 537 869 566

1Q 2009 $

1Q09 vs. 1Q08 Increase/ (Decrease)

2,775 492 1,950 548

(17%) (16%) 10% (19%)

6,379

5,427

3,789

4,612

5,765

(10%)

4,485 700 1,048 1,558

4,124 762 1,038 1,431

4,414 622 1,015 1,378

3,604 512 858 1,103

3,955 506 818 1,123

(12%) (28%) (22%) (28%)

7,791

7,355

7,429

6,077

6,402

(18%)

(7,824) 133 1,012 1,721

(1,748) 1,740 1,075 1,872

(2,165) 1,913 828 1,817

(10,740) 1,806 897 (154)

2,095 4,597 1,129 1,686

NM NM 12% (2%)

(4,958)

2,939

2,393

(8,191)

9,507

NM

2,376

2,427

2,317

2,175

1,981

(17%)

EMEA

170

153

147

134

126

(26%)

Latin America Asia

100 633

102 633

92 608

63 471

60 452

(40%) (29%)

3,279

3,315

3,164

2,843

2,619

(20%)

254

496

NM

24,789

99%

Consumer Banking: North America EMEA Latin America Asia Total Consumer Banking

Institutional Clients Group (ICG): North America EMEA Latin America Asia Total Institutional Clients Group (ICG) Global Wealth Management: North America

Total Global Wealth Management

Corporate / Other

Total Net Revenues

(50)

$

12,441

(959)

$

18,077

(95)

$

16,680

$

5,595

$

NM Not meaningful Reclassified to conform to the current period's presentation. Page 6

CITIGROUP -- NET REVENUES REGIONAL VIEW (In millions of dollars)

1Q 2008 North America Global Cards Consumer Banking Institutional Clients Group Securities & Banking Transaction Services Global Wealth Management

$

Total North America

2Q 2008

3,343 4,485 (7,824) (8,317) 493 2,376

$

2,380

2,928 4,124 (1,748) (2,244) 496 2,427

3Q 2008

$

4Q 2008

1,388 4,414 (2,165) (2,693) 528 2,317

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

2,640 3,604 (10,740) (11,331) 591 2,175

$

2,775 3,955 2,095 1,512 583 1,981

(17%) (12%) NM NM 18% (17%)

7,731

5,954

(2,321)

10,806

NM

611 762 1,740 871 869 153

593 622 1,913 1,043 870 147

537 512 1,806 988 818 134

492 506 4,597 3,810 787 126

(16%) (28%) NM NM (3%) (26%)

1,588

3,266

3,275

2,989

5,721

NM

Latin America Global Cards Consumer Banking Institutional Clients Group Securities & Banking Transaction Services Global Wealth Management

1,776 1,048 1,012 680 332 100

1,229 1,038 1,075 707 368 102

1,143 1,015 828 463 365 92

869 858 897 561 336 63

1,950 818 1,129 794 335 60

10% (22%) 12% 17% 1% (40%)

Total Latin America

3,936

3,444

3,078

2,687

3,957

1%

Asia Global Cards Consumer Banking Institutional Clients Group Securities & Banking Transaction Services Global Wealth Management Total Asia

675 1,558 1,721 1,012 709 633 4,587

659 1,431 1,872 1,205 667 633 4,595

665 1,378 1,817 1,106 711 608 4,468

566 1,103 (154) (808) 654 471 1,986

548 1,123 1,686 1,069 617 452 3,809

(19%) (28%) (2%) 6% (13%) (29%) (17%)

EMEA Global Cards Consumer Banking Institutional Clients Group Securities & Banking Transaction Services Global Wealth Management

585 700 133 (680) 813 170

Total EMEA

Corporate / Other

Total Net Revenues

(50)

$

12,441

(959)

$

18,077

(95)

$

16,680

254

$

5,595

$

496

NM

24,789

99%

NM Not meaningful Reclassified to conform to the current period's presentation.

Page 7

GLOBAL CARDS Page 1 (In millions of dollars)

1Q 2008 Net Interest Revenue

$

2Q 2008

2,672

(1%)

905

1,933

3,093

(16%)

Total Revenues, Net of Interest Expense (1)

6,379

5,427

3,789

4,612

5,765

(10%)

Total Operating Expenses

2,595

2,710

2,595

2,656

2,196

(15%)

Net Credit Losses

1,248

1,412

1,588

1,670

1,943

56%

623

583

1,069

1,275

1,108

78%

20

24

15

29

42

NM

Provision for Loan Losses and for Benefits and Claims

1,891

2,019

2,672

2,974

3,093

Income Before Taxes and Minority Interest

1,893

698

(1,478)

(1,018)

476

(75%)

664 3

242 4

(579) 3

(411) 3

58 1

(91%) (67%)

Provision for Benefits & Claims

Income Taxes Minority Interest

2,998

$

2,884

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

2,429

Credit Reserve Build / (Release)

$

4Q 2008

3,673

Non-Interest Revenue

2,706

3Q 2008

2,679

$

64%

Net Income (Loss)

$

1,226

$

452

$

(902)

$

(610)

$

417

(66%)

Average Assets (in billions of dollars) Return on Assets

$

123 4.01%

$

123 1.48%

$

119 (3.02%)

$

111 (2.19%)

$

107 1.58%

(13%)

$

14,520

$

13,976

Net Credit Loss Ratio Average Risk Capital

5.39% $

14,762

6.18% $

15,233

7.02%

7.75%

9.49% $

16,948

Return on Risk Capital

33%

12%

(25%)

(17%)

10%

Return on Invested Capital

18%

7%

(13%)

(9%)

6%

15%

KEY INDICATORS EOP Open Accounts (in millions) North America EMEA Latin America Asia Total Purchase Sales (in billions of dollars) North America EMEA Latin America Asia Total Average Managed Loans (2): North America (managed basis) EMEA Latin America Asia Total

$

$

$

$

148.6 8.8 12.9 15.7

146.9 8.9 12.9 15.7

145.3 9.1 12.9 15.4

138.2 9.0 12.7 15.6

133.7 8.7 12.7 15.4

(10%) (1%) (2%) (2%)

186.0

184.4

182.7

175.5

170.5

(8%)

63.4 5.1 5.9 11.8 86.2

(18%) (27%) (28%) (20%) (19%)

145.9 13.3 10.9 15.5 185.6

(4%) (15%) (23%) (9%) (7%)

76.9 7.0 8.2 14.7 106.8

152.7 15.7 14.1 17.1 199.6

$

$

$

$

83.8 7.5 8.8 15.3 115.4

151.2 16.5 14.7 17.6 200.0

$

$

$

$

80.3 7.5 8.4 14.9 111.1

150.6 16.2 14.6 17.3 198.7

$

$

$

$

75.7 6.2 7.1 13.7 102.7

149.3 14.1 11.8 16.1 191.3

$

$

$

$

(1) The 2008 first quarter, 2008 second quarter, 2008 third quarter and 2009 first quarter include releases of $58 million, $21 million, $23 million and $213 million, respectively, from the allowance for credit losses related to loan receivables that were either securitized or transferred to loans held-for-sale during the quarter. (2) Managed basis is applicable only in North America, as securitizations are not done in any other region. Managed basis presentation includes results from both the on-balance sheet loans and off- balance sheet loans, and excludes the impact of card securitization activity. Managed disclosures assume that securitized loans have not been sold and present the results of the securitized loans in the same manner as the Company's owned loans.

NM Not meaningful Reclassified to conform to the current period's presentation.

Page 8

GLOBAL CARDS Page 2 (In millions of dollars)

1Q

2Q

3Q

4Q

1Q

2008

2008

2008

2008

2009

KEY INDICATORS (continued) (1) Managed Average Yield North America (managed basis) EMEA Latin America Asia Global Total

13.41% 15.65% 28.44% 13.82% 14.69%

13.24% 15.38% 30.36% 13.79% 14.72%

13.64% 15.50% 29.03% 13.63% 14.92%

13.82% 15.81% 27.25% 13.55% 14.77%

15.03% 16.09% 26.01% 13.73% 15.64%

North America (managed basis)

10.09%

10.56%

11.03%

11.04%

12.61%

EMEA

12.20%

12.18%

12.25%

12.33%

12.70%

Latin America

22.93%

25.51%

22.93%

20.86%

20.57%

Asia Global Total

10.04% 11.16%

9.85% 11.73%

9.70% 11.89%

9.94% 11.65%

10.39% 12.90%

Coincident Managed Net Credit Loss Ratio North America (managed basis) EMEA Latin America Asia Global Total

5.81% 3.56% 10.25% 3.17% 5.72%

6.53% 3.94% 11.41% 3.37% 6.40%

7.13% 4.41% 13.16% 3.63% 7.05%

8.04% 5.17% 14.18% 4.02% 7.87%

10.18% 7.14% 15.65% 4.62% 9.82%

4.24%

Managed Net Interest Revenue as a % of Average Managed Loans

Managed Net Credit Margin as a % of Average Managed Loans North America (managed basis)

7.14%

6.52%

5.90%

5.32%

EMEA

11.39%

10.96%

10.16%

10.02%

7.90%

Latin America

40.43%

22.23%

17.92%

15.01%

56.96%

Asia

12.69% 10.30%

11.73% 8.50%

11.65% 7.63%

10.00% 6.66%

9.71% 8.05%

1.96% 1.62% 3.75% 1.49%

2.02% 1.81% 4.16% 1.53%

2.11% 2.08% 4.36% 1.57%

2.62% 2.60% 4.86% 1.57%

3.09% 3.55% 5.11% 2.04%

2.02%

2.12%

2.22%

2.66%

3.16%

Global Total

Managed Loans 90+ Days Past Due as a % of EOP Managed Loans North America (managed basis) EMEA Latin America Asia Global Total

(1) Managed basis is applicable only in North America, as securitizations are not done in any other region. Managed basis presentation includes results from both the on-balance sheet loans and off- balance sheet loans, and excludes the impact of card securitization activity. Managed disclosures assume that securitized loans have not been sold and present the results of the securitized loans in the same manner as the Company's owned loans.

Reclassified to conform to the current period's presentation.

Page 9

GLOBAL CARDS Page 3 North America (In millions of dollars)

1Q09 vs. 1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

1Q08 Increase/ (Decrease)

SUPPLEMENTAL DISCLOSURE - MANAGED BASIS (1) Managed Revenues: (in millions of dollars) Total GAAP Revenues Net Impact of Credit Card Securitization Activity (2) Total Managed Revenues

$ $

Return on Managed Assets Average Managed Loans (in billions of dollars)

Securitized Held for Sale On Balance Sheet Total

Citi Branded Retail Partners Total

Managed Average Yield (3)

Citi Branded Retail Partners Total

Managed Net Interest Revenue (in millions of dollars) (4)

Citi Branded Retail Partners Total

Managed Net Interest Revenue as a % of Average Managed Loans

Citi Branded Retail Partners Total

Managed Net Credit Margin (in millions of dollars) (5)

Citi Branded Retail Partners Total

Managed Net Credit Margin as a % of Average Managed Loans

Citi Branded Retail Partners Total

Managed Net Credit Losses

Citi Branded Retail Partners Total

Coincident Managed Net Credit Loss Ratio:

Citi Branded Retail Partners Total

Managed Loans 90+Days Past Due

Citi Branded Retail Partners Total

% of EOP Managed Loans

$

4,953

$

1.32%

Citi Branded Retail Partners Total EOP Managed Loans

3,343 1,610

Citi Branded Retail Partners Total

$

$ $ $ $ $

105.8 1.0 45.9 152.7 96.8 55.9 152.7 96.3 54.4 150.7

$

1,894 1,935 3,829

$

$ $ $ $ $

$

1,658 1,053 2,711

$ $

$

1,187 1,018 2,205

$ $

$

1,616 1,337 2,953 1.68% 2.46% 1.96%

107.4 1.0 42.8 151.2 96.6 54.6 151.2 96.0 55.2 151.2

1,998 1,971 3,969

1,459 993 2,452

$ $

1,375 1,078 2,453

$

$ $ $ $ $

$

1,674 1,376 3,050 1.74% 2.49% 2.02%

$

4,967

$

108.8 41.8 150.6 95.6 55.0 150.6 96.0 55.1 151.1

$ $

2,116 2,058 4,174

$

$ $ $ $ $

$

1,295 938 2,233

$ $

$

1,473 1,228 2,701

$ $

$

1,728 1,466 3,194

$

105.6 43.7 149.3 94.4 54.9 149.3 95.1 56.0 151.1

2,143 2,002 4,145

1,179 819 1,998

$ $

1,657 1,361 3,018

$

$ $ $ $ $

$

1.80% 2.66% 2.11%

2,129 1,824 3,953

(17%) 52%

5,227

6%

102.6 43.3 145.9

(3%) (100%) (6%) (4%)

92.3 53.6 145.9

(5%) (4%) (4%)

90.6 51.5 142.1

(6%) (5%) (6%)

13.19% 18.21% 15.03% $

2,513 2,025 4,538

$

33% 5% 19%

11.04% 15.32% 12.61% $

1,039 485 1,524

$

(37%) (54%) (44%)

4.57% 3.67% 4.24% $

2,022 1,639 3,661

$

6.98% 9.86% 8.04%

$

2,775 2,452

(0.55%)

4.97% 5.93% 5.32%

6.13% 8.88% 7.13%

$

5,066

9.03% 14.51% 11.04%

5.39% 6.78% 5.90% $

$

11.99% 16.96% 13.82%

8.81% 14.89% 11.03%

$

2,640 2,426

(0.92%)

11.68% 17.04% 13.64%

5.72% 7.94% 6.53%

$

1,388 3,579

(2.13%)

6.07% 7.31% 6.52%

4.93% 7.32% 5.81%

$

$

8.32% 14.52% 10.56%

6.89% 7.58% 7.14% $

4,944

11.19% 16.87% 13.24%

7.87% 13.92% 10.09%

$

$

0.44%

11.46% 16.77% 13.41% $

2,928 2,016

70% 61% 66%

8.88% 12.40% 10.18% $ $

2.24% 3.26% 2.62%

2,456 1,940 4,396

52% 45% 49%

2.71% 3.77% 3.09%

(1) Managed basis is applicable only in North America, as securitizations are not done in any other region. Managed basis presentation includes results from both the on-balance sheet loans and off- balance sheet loans, and excludes the impact of card securitization activity. Managed disclosures assume that securitized loans have not been sold and present the results of the securitized loans in the same manner as the Company's owned loans. (2) Net impact of Securitization Activity includes the removal of securitization-related items that are part of GAAP revenues such as the gain on sale of credit card loans, mark-to-market revenue for interests retained in securitized assets classified as Trading, and net credit losses on loans that are considered sold for GAAP purposes. (3) Gross interest revenue earned divided by average managed loans.

(4) Includes certain fees that are recorded as interest revenue.

NM Not meaningful Reclassified to conform to the current period's presentation.

(5) Total Revenues, net of Interest Expense, less Net Credit Losses and Policy Benefits and Claims.

Page 10

CONSUMER BANKING Page 1 (In millions of dollars)

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

CONSUMER BANKING Net Interest Revenue Non-Interest Revenue

$

Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims

5,651 2,140

$

5,779 1,576

$

5,709 1,720

$

4,793 1,284

$

4,845 1,557

(14%) (27%)

7,791

7,355

7,429

6,077

6,402

(18%)

4,309

4,442

4,188

13,714

3,536

(18%)

2,279 1,161 203

2,552 1,672 191

3,005 2,128 200

3,442 2,274 515

3,786 1,178 249

66% 1% 23%

4,415

5,333

6,231

5,213

43%

Income Before Taxes and Minority Interest

3,643 (161)

(1,502)

(2,092)

(13,868)

(2,347)

NM

Income Taxes

(215)

(683)

(996)

(3,460)

(1,126)

NM

Minority Interest, Net of Tax

2

Net Income (Loss)

$

Average Assets (in billions of dollars)

$

Return on Assets Average Risk Capital

9

52

$

568

$

0.04% $

27,272

3

(828)

$

570

$

(0.58%) $

29,978

(1,099) 542

(3) $ $

(0.81%) $

30,965

(10,405) 507

5 $ $

(8.16%) $

31,064

(1,226) 477

NM NM (16%)

(1.04%) $

35,213

Return on Risk Capital

1%

(11%)

(14%)

(133%)

(14%)

Return on Invested Capital

0%

(6%)

(8%)

(88%)

(11%)

29%

CONSUMER FINANCE JAPAN Net Interest Revenue Non-Interest Revenue

$

Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims Income Before Taxes and Minority Interest Income Taxes Minority Interest, Net of Tax Net Income

$

Average Assets (in billions of dollars)

$

Return on Assets

264 13

$

173 3

$

224 1

$

65 2

$

162 3

(39%) (77%)

277

176

225

67

165

(40%)

95

101

84

91

59

(38%)

317 -

314 -

295 91 1

305 13 -

316 (52) -

0% -

317

314

387

318

264

(17%)

(135)

(239)

(246)

(342)

(158)

(17%)

(49)

(85)

(87)

(887)

(122)

NM

-

-

-

-

-

-

(36)

58%

8

(11%)

(86)

$

9

$

(3.84%)

(154) 8

$ $

(7.74%)

(159) 8

$ $

(7.91%)

545

$

8

$

27.10%

(1.83%)

CONSUMER BANKING EXCLUDING CONSUMER FINANCE JAPAN Net Interest Revenue Non-Interest Revenue

$

Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims

$

Income Taxes Minority Interest, Net of Tax $

Average Assets (in billions of dollars)

$

$

5,485 1,719

$

4,728 1,282

$

4,683 1,554

(13%) (27%)

7,514

7,179

7,204

6,010

6,237

(17%)

4,341

4,104

13,623

3,477

(17%)

1,962 1,161 203

2,238 1,672 191

2,710 2,037 199

3,137 2,261 515

3,470 1,230 249

77% 6% 23%

4,101

4,946

5,913

4,949

49%

(26)

(1,263)

(1,846)

(13,526)

(2,189)

NM

(166)

(598)

(909)

(2,573)

(1,004)

NM

2

Net Income

5,606 1,573

4,214

3,326

Income Before Taxes and Minority Interest

Return on Assets

5,387 2,127

9

138

$

559

$

0.10%

3

(674)

$

562

$

(0.48%)

(3)

(940)

$

534

$

(0.70%)

(10,950) 499 (8.73%)

5 $ $

(1,190) 469

NM NM (16%)

(1.03%)

NM Not meaningful Reclassified to conform to the current period's presentation. Page 11

CONSUMER BANKING Page 2 (In millions of dollars)

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

KEY INDICATORS Branches Citibank CitiFinancial (excluding Consumer Finance Japan) Consumer Finance Japan Total North America EMEA Latin America Asia (excluding CF Japan) Consumer Finance Japan

4,105 4,014 8,119 41

4,084 3,904 7,988 36

4,057 3,799 7,856 19

4,023 3,703 7,726 4

3,949 3,357 7,306 4

(4%) (16%) (10%) (90%)

8,160

8,024

7,875

7,730

7,310

(10%)

3,568 813 2,634 1,104 8,119

3,556 750 2,635 1,047 7,988

3,459 759 2,588 1,050 7,856

3,362 749 2,561 1,054 7,726

3,341 701 2,442 822 7,306

(6%) (14%) (7%) (26%) (10%)

41

36

19

4

4

(90%)

8,160

8,024

7,875

7,730

7,310

(10%)

North America EMEA Latin America Asia (excluding CF Japan)

32.7 8.0 18.2 20.1

32.4 8.1 18.8 20.1

32.6 8.2 18.7 19.5

32.4 8.2 18.3 18.7

32.1 8.1 17.8 18.1

(2%) 1% (2%) (10%)

Consumer Finance Japan Total

79.0 1.1 80.1

79.4 1.1 80.5

79.0 1.0 80.0

77.6 0.9 78.5

76.1 0.9 77.0

(4%) (18%) (4%)

128.0 23.3 33.5 82.9 267.7

4% (35%) (19%) (15%) (10%)

0.8 0.8 11.5 3.4 16.5

(47%) (64%) (21%) (66%) (42%)

22.5 7.9 22.9 33.0 86.3

(35%) (49%) (34%) (39%) (38%)

Total

Accounts (in millions)

Average Deposits (in billions of dollars) North America EMEA Latin America Asia Total

$

$

122.7 36.0 41.4 97.7 297.8

$

1.5 2.2 14.6 10.0 28.3

$

34.4 15.5 34.5 54.3 138.7

$

$

121.8 35.5 41.3 96.8 295.4

$

1.3 1.6 15.4 9.5 27.8

$

34.4 13.7 37.4 53.1 138.6

$

$

120.8 32.6 40.9 92.5 286.8

$

1.2 1.3 16.2 6.1 24.8

$

30.7 11.5 32.9 44.9 120.0

$

$

125.6 25.3 35.1 84.7 270.7

$

0.9 0.6 13.4 2.8 17.7

$

24.6 8.8 25.0 35.8 94.2

$

$

Investment Sales (in billions of dollars) North America EMEA Latin America Asia Total

$

$

$

$

$

$

Investment AUMs (in billions of dollars) North America EMEA Latin America Asia Total

$

$

$

$

$

$

Reclassified to conform to the current period's presentation. Page 12

CONSUMER BANKING Page 3 (In millions of dollars) 1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

1Q09 vs. 1Q08 Increase/ (Decrease)

KEY INDICATORS (Continued): Average Loans (in billions of dollars) North America EMEA Latin America Asia (excluding CF Japan) Consumer Finance Japan Total

$

$

307.2 25.1 14.6 51.9 398.8 8.9 407.7

$

$

305.1 26.1 15.6 51.6 398.4 8.4 406.8

$

$

291.7 25.3 16.0 49.9 382.9 7.8 390.7

$

$

288.6 21.6 14.2 43.4 367.8 8.3 376.1

$

$

283.3 19.9 13.6 41.8

(8%) (21%) (7%) (19%)

358.6 7.6 366.2

(10%) (15%) (10%)

278.8 19.9 13.9 42.0

(9%) (23%) (5%) (19%)

354.6 7.0 361.6

(11%) (23%) (11%)

EOP Loans (in billions of dollars) North America EMEA Latin America Asia (excluding CF Japan) Consumer Finance Japan Total

$

$

306.1 25.8 14.6 52.1 398.6 9.1 407.7

$

$

291.9 26.7 15.8 51.8 386.2 8.2 394.4

$

$

291.1 24.3 15.5 47.6 378.5 7.7 386.2

$

$

284.4 21.6 14.0 44.4 364.4 8.3 372.7

$

$

Net Interest Revenue as a % of Average Loans North America EMEA Latin America Asia (excluding CF Japan)

3.41% 6.70% 9.76% 3.21%

3.64% 6.59% 8.76% 3.24%

3.53% 6.11% 8.57% 3.20%

2.91% 5.86% 8.00% 3.30%

3.32% 5.61% 7.89% 3.37%

3.82%

3.99%

3.87%

3.33%

3.62%

Consumer Finance Japan Total

10.56% 3.97%

8.21% 4.07%

11.26% 4.08%

2.77% 3.32%

5.77% 3.67%

North America EMEA Latin America Asia (excluding CF Japan)

2.02% 2.55% 3.78% 0.98%

2.33% 2.59% 4.08% 1.16%

2.95% 2.95% 4.53% 1.38%

3.62% 3.75% 4.04% 1.48%

4.15% 5.11% 4.10% 1.79%

1.98%

2.26%

2.82%

3.39%

3.92%

Consumer Finance Japan Total

14.33% 2.25%

15.03% 2.52%

15.05% 3.06%

14.62% 3.64%

16.86% 4.19%

North America EMEA Latin America Asia (excluding CF Japan)

2.38% 1.46% 3.98% 0.57%

2.76% 1.66% 3.54% 0.63%

3.28% 1.97% 3.43% 0.61%

3.96% 2.54% 3.01% 0.69%

4.85% 3.47% 3.33% 0.86%

2.14%

2.43%

2.86%

3.44%

4.24%

Consumer Finance Japan Total

2.35% 2.15%

2.44% 2.43%

2.51% 2.86%

2.61% 3.42%

3.01% 4.21%

Net Credit Losses as a % of Average Loans

Loans 90+ Days Past Due as a % of EOP Loans

Reclassified to conform to the current period's presentation. Page 13

CONSUMER BANKING Page 4 North America (In billions of dollars) 1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

1Q09 vs. 1Q08 Increase/ (Decrease)

KEY INDICATORS (Continued): RESIDENTIAL REAL ESTATE LENDING Average Loans EOP Loans Originations (1) Third Party Mortgage Servicing Portfolio (EOP) Net Servicing & Gain/(Loss) on Sale - (in millions of dollars) Net Interest Revenue (in millions of dollars) % of Avg. Loans Net Credit Losses (in millions of dollars) % of Avg. Loans Loans 90+ Days Past Due (in millions of dollars) % of EOP Loans AUTO LOANS Average Loans EOP Loans Originations Net Interest Revenue (in millions of dollars) % of Avg. Loans Net Credit Losses (in millions of dollars) % of Avg. Loans Loans 90+ Days Past Due (in millions of dollars) % of EOP Loans STUDENT LOANS Average Loans EOP Loans Originations Net Interest Revenue (in millions of dollars) % of Avg. Loans Net Credit Losses (in millions of dollars) % of Avg. Loans Loans 90+ Days Past Due (in millions of dollars) % of EOP Loans PERSONAL LOANS & OTHER Average Loans EOP Loans Net Interest Revenue - Loans (in millions of dollars) Net Interest Revenue - Other (in millions of dollars) Net Interest Revenue - Total (in millions of dollars) % of Avg. Loans Net Credit Losses (in millions of dollars) % of Avg. Loans Loans 90+ Days Past Due (in millions of dollars) % of EOP Loans COMMERCIAL LOANS Average Loans EOP Loans Net Interest Revenue (in millions of dollars) % of Avg. Loans Net Credit Losses (in millions of dollars) % of Avg. Loans Loans 90+ Days Past Due (in millions of dollars) % of EOP Loans

$ $ $ $ $ $ $ $

$ $ $ $ $ $

$ $ $ $ $ $

$ $ $ $ $ $

$ $ $ $ $

219.9 217.6 37.2 645.7 192.4 1,311 2.40% 887 1.62% 5,654 2.60%

$ $ $ $ $ $

21.2 21.4 2.5 387 7.34% 228 4.33% 215 1.00%

$ $ $ $

24.0 24.5 3.1 80 1.34% 13 0.21% 796 3.25%

$ $ $ $

20.4 20.4

$ $

807 592 1,399 15.91% 398 7.85% 523 2.56%

21.7 22.2 101 1.87% 13 0.24% 101 0.46%

$ $

$ $

$ $

$ $ $ $

$ $ $ $ $

215.3 207.0 28.5 648.5 (374.0) 1,365 2.55% 1,092 2.04% 6,460 3.12%

$ $ $ $ $ $

21.0 20.4 0.8 387 7.41% 196 3.75% 265 1.30%

$ $ $ $

24.9 21.4 1.0 115 1.86% 16 0.26% 699 3.27%

$ $ $ $

20.9 21.3

$ $

831 712 1,543 15.99% 444 8.54% 523 2.46%

23.0 21.8 112 1.96% 16 0.28% 123 0.56%

$ $

$ $

$ $

$ $ $ $

$ $ $ $ $

205.2 202.0 22.0 646.5 30.3 1,280 2.48% 1,405 2.72% 7,778 3.85%

$ $ $ $ $ $

20.1 19.7 1.0 368 7.28% 259 5.13% 350 1.78%

$ $ $ $

23.0 25.7 2.8 78 1.35% 18 0.31% 662 2.58%

$ $ $ $

21.5 21.8

$ $

849 785 1,634 15.71% 451 8.35% 603 2.77%

21.9 21.9 79 1.44% 33 0.60% 147 0.67%

$ $

$ $

$ $

$ $ $ $

$ $ $ $ $

200.5 197.4 16.6 646.6 14.6 860 1.71% 1,671 3.32% 9,341 4.73%

$ $ $ $ $ $

19.2 18.6 0.5 347 7.19% 359 7.44% 345 1.85%

$ $ $ $

25.7 25.6 1.3 33 0.51% 23 0.36% 703 2.75%

$ $ $ $

21.2 21.0

$ $

802 799 1,601 15.05% 528 9.91% 705 3.36%

22.0 21.8 73 1.32% 47 0.85% 177 0.81%

$ $

$ $

$ $

$ $ $ $

$ $ $ $ $

196.7 193.3 22.4 590.5 210.8 1,089 2.25% 1,930 3.98% 11,489 5.94%

(11%) (11%) (40%) (9%) 10% (17%)

18.0 17.3 0.3 329 7.41% 301 6.78% 256 1.48%

(15%) (19%) (88%) (15%)

26.5 26.7 2.9 91 1.39% 20 0.31% 829 3.10%

10% 9% (6%) 14%

20.3 19.8

0% (3%)

NM NM

32% 19%

58% 4%

720 718 1,438 14.38% 591 11.81% 699 3.53%

(11%) 21% 3%

21.8 21.7 87 1.62% 56 1.04% 235 1.08%

0% (2%) (14%)

48% 34%

NM NM

(1) Excludes CitiFinancial, which are debt Consolidation Loans secured by Real Estate. NM Not meaningful Reclassified to conform to the current period's presentation. Page 14

INSTITUTIONAL CLIENTS GROUP (In millions of dollars)

1Q 2008

Commissions and Fees Administration and Other Fiduciary Fees Investment Banking Principal Transactions Other

$

Total Non-Interest Revenue Net Interest Revenue (including Dividends) Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Provision for Unfunded Lending Commitments Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims

2Q 2008

841 1,395 (2,425) (8,223) (849)

$

Income Taxes (Benefits) Minority Interest, Net of Tax

812 1,442 746 (4,522) (362)

$

4Q 2008

769 1,548 (219) (2,489) (1,666)

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

548 1,302 (796) (10,246) (4,582)

$

510 1,267 1,003 2,800 (1,421)

(39%) (9%) NM NM (67%)

(9,261)

(1,884)

(2,057)

(13,774)

4,159

NM

4,303

4,823

4,450

5,583

5,348

24%

(4,958)

2,939

2,393

(8,191)

9,507

NM

5,970

5,858

5,202

5,821

3,965

(34%)

1,535

NM

101

357

326

989

-

(143)

(150)

(70)

144

367

762

2,345

253

76%

52

45

59

50

41

(21%)

297

Income (Loss) Before Taxes and Minority Interest

3Q 2008

626

-

3,314

1,889

(11,225)

(3,545)

(3,806)

(17,326)

3,653

NM

(4,832)

(1,562)

(1,690)

(7,321)

841

NM

(99)

(306)

(21)

42%

(36)

997

60

61

NM

Net Income (Loss)

$

(6,357)

$

(2,044)

$

(2,017)

$

(9,699)

$

2,833

NM

Average Assets (in billions of dollars)

$

1,440

$

1,355

$

1,203

$

1,174

$

1,062

(26%)

Average Risk Capital

$

54,862

$

54,053

$

49,424

$

46,105

$

48,177

(12%)

Return on Risk Capital

(47%)

(15%)

(16%)

(84%)

24%

Return on Invested Capital

(36%)

(11%)

(12%)

(63%)

18%

Revenues by Product: Securities and Banking

$

Transactions Services Total

(7,305)

$

2,347

539

$

2,400

(81)

$

2,474

(10,590)

$

2,399

7,185

NM

2,322

(1%) NM

$

(4,958)

$

2,939

$

2,393

$

(8,191)

$

9,507

$

(7,089)

$

(2,745)

$

(2,834)

$

(10,420)

$

1,990

NM

843

15%

2,833

NM

Net Income by Product: Securities and Banking Transactions Services Total

732 $

(6,357)

701 $

(2,044)

817 $

(2,017)

721 $

(9,699)

$

NM Not meaningful Page 15

Reclassified to conform to the current period's presentation.

INSTITUTIONAL CLIENTS GROUP SECURITIES AND BANKING (In millions of dollars)

1Q 2008 Net Interest Revenue

$

Non-Interest Revenue

3,102

$

3,142

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009 4,010

29%

(3,223)

(14,826)

3,175

NM

(7,305) 4,671

539 4,486

(81) 3,914

(10,590) 4,478

7,185 2,860

NM (39%)

Provision for Unfunded Lending Commitments Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims

3,612

4Q 2008

(3,073)

Net Credit Losses

$

3Q 2008

(10,407)

Total Revenues, Net of Interest Expense Total Operating Expenses

Income (Loss) Before Taxes and Minority Interest

2Q 2008

4,236

101

348

318

944

1,523

NM

142 52 295

(143) 358 45 608

(144) 761 59 994

(70) 2,308 50 3,232

60 246 41 1,870

73% (21%) NM

2,455

NM

(12,271)

(4,555)

(4,989)

(18,300)

(5,138) (44)

(1,862) 52

(2,047) (108)

(7,569) (311)

Income Taxes (Benefits) Minority Interest, Net of Tax

$

482 (17)

Net Income (Loss)

$

(7,089)

$

(2,745)

$

(2,834)

$

(10,420)

$

1,990

Average Assets (in billions of dollars)

$

1,363

$

1,276

$

1,124

$

1,100

$

998

Average Risk Capital Return on Risk Capital

$

52,617 (54%)

$

51,944 (21%)

$

47,551 (24%)

$

44,293 (94%)

$

Return on Invested Capital

(43%)

(16%)

(18%)

(72%)

46,144 17%

NM 61% NM (27%) (12%)

13%

Revenue Details: Investment Banking: Advisory and Other Fees

$

Equity Underwriting

307 229

Debt Underwriting Gross Investment Banking

$

386

$

315

$

236

$

230

(25%) (15%)

518

65

26

194

(2,082)

(277)

(173)

56

847

NM

(1,546)

627

207

318

1,271

NM

Revenue Allocated to the Global Wealth Management Segment: Equity Underwriting

(54)

(86)

(36)

(17)

(30)

44%

Debt Underwriting

(67)

(88)

(29)

(26)

(22)

67%

453

142

275

584

95

1,346

2,089

979

1,398

Net Investment Banking Lending Equity Markets Fixed Income Markets Other Securities and Banking Total Securities and Banking Revenues

(1,667)

476

(364)

(650)

1,903

(13,383)

4,688

(7,023)

(633)

(178)

(774)

367

1,079

539

(81)

(10,590)

(7,305)

(2,412)

1,219

(261) 7,185

NM NM 94% NM (47%) NM

NM Not meaningful Reclassified to conform to the current period's presentation. Page 16

INSTITUTIONAL CLIENTS GROUP TRANSACTION SERVICES (In millions of dollars)

1Q 2008 Net Interest Revenue

$

Non-Interest Revenue

2Q 2008

1,201

$

1,146

3Q 2008

1,211

$

1,189

4Q 2008

1,308

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

1,347

1,166

1,052

$

1,338 984

11% (14%)

Total Revenues, Net of Interest Expense

2,347

2,400

2,474

2,399

2,322

(1%)

Total Operating Expenses

1,299

1,372

1,288

1,343

1,105

(15%)

Net Credit Losses

-

9

8

45

12

-

Provision for Unfunded Lending Commitments Credit Reserve Build / (Release) Provision for Benefits & Claims

2 -

9 -

(6) 1 -

37 -

7 -

NM -

2

18

3

82

19

NM

1,046

1,010

1,183

974

1,198

15%

306

300

357

248

359

17%

8

9

9

5

Provision for Loan Losses and for Benefits and Claims Income Before Taxes and Minority Interest Income Taxes Minority Interest, Net of Tax

(4)

NM

Net Income

$

732

$

701

$

817

$

721

$

843

15%

Average Assets (in billions of dollars)

$

77

$

79

$

79

$

74

$

64

(17%)

Average Risk Capital

$

2,245

$

2,109

$

1,873

$

1,812

$

2,033

(9%)

Return on Risk Capital Return on Invested Capital

131%

134%

174%

158%

168%

66%

63%

79%

73%

87%

Revenue Details: Treasury and Trade Solutions Securities Services Total

$

1,519

$

1,581

$

1,667

$

1,706

$

1,726

14%

$

828 2,347

$

819 2,400

$

807 2,474

$

693 2,399

$

596 2,322

(28%) (1%)

61

$

52

$

54

$

76

$

74

21%

97

(8%) (10%)

Average Deposits and Other Customer Liability Balances (in billions) North America

$

EMEA

105

110

109

106

Latin America

20

20

20

19

18

Asia

97

94

90

91

89

(8%)

Total Assets Under Custody (EOP in trillions)

$

283

$

276

$

273

$

292

$

278

(2%)

$

12.9

$

12.8

$

11.9

$

10.7

$

10.3

(20%)

NM Not meaningful Reclassified to conform to the current period's presentation.

Page 17

GLOBAL WEALTH MANAGEMENT Page 1 (In millions of dollars)

1Q 2008

Net Interest Revenue Non-Interest Revenue

$

Total Revenues, Net of Interest Expense Total Operating Expenses

2Q 2008

570 2,709

$

3,279 2,796

Net Credit Losses Credit Reserve Build / (Release)

599 2,716

$

3,315 2,634

10 11

Total Provision for Loan Losses

3Q 2008

(1) 41

4Q 2008

671 2,493

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

782 2,061

$

698 1,921

22% (29%) (20%) (25%)

3,164 2,513

2,843 2,605

2,619 2,101

1 64

42 133

18 94

80% NM

21

40

65

175

112

NM

Income Before Taxes and Minority Interest

462

641

586

63

406

(12%)

Income Taxes

159

232

225

36

145

(9%)

9

4

(2)

-

(100%)

261

(11%)

Minority Interest, Net of Tax Net Income

$

Pretax Profit Margin

294

$

14%

405

(2) $

19%

363

$

19%

29

$

2%

16%

Average Assets (in billions of dollars)

$

107

$

110

$

111

$

105

$

93

Average Risk Capital

$

4,509

$

4,131

$

3,847

$

3,606

$

4,914

Return on Risk Capital

26%

39%

38%

3%

22%

Return on Invested Capital

11%

15%

15%

1%

11%

Fee-Based Revenues

$

Financial Advisors (FA) / Bankers Net Client Asset Flows (in billions)

1,960

$

15,241 $

(1)

1,951

$

14,983 $

(11)

1,983

$

14,735

1,885

$

13,765

$

3

$

(17)

$

(13%) 9%

1,632

(17%)

12,659

(17%)

(40)

NM

Revenues: Smith Barney Private Bank Total Revenues

$

2,648 631

$

2,715 600

$

2,576 588

$

2,297 546

$

2,090 529

(21%) (16%)

$

3,279

$

3,315

$

3,164

$

2,843

$

2,619

(20%)

NM Not meaningful Reclassified to conform to the current period's presentation.

Page 18

GLOBAL WEALTH MANAGEMENT Page 2

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q 2009

1Q09 vs. 1Q08 Increase/ (Decrease)

KEY INDICATORS (in billions of dollars, except for branches) Client Assets Under Fee-Based Management North America EMEA Latin America Asia Total Average Deposits and Other Customer Liability Balances North America EMEA Latin America Asia Total Total Client Assets (1) North America EMEA Latin America Asia Total Average Loans North America EMEA Latin America Asia Total Offices North America EMEA Latin America Asia Total

$

364 20 13 84

$

357 19 13 80

$

314 17 11 73

$

254 13 8 57

$

225 12 7 49

(38%) (40%) (46%) (42%)

$

481

$

469

$

415

$

332

$

293

(39%)

$

80.0 22.0 9.0 21.0

$

78.0 18.0 9.0 22.0

$

76.0 19.0 7.0 22.0

$

78.3 17.7 5.4 20.2

$

79.4 15.1 4.7 17.8

(1%) (31%) (48%) (15%)

$

132.0

$

127.0

$

124.0

$

121.6

$

117.0

(11%)

$

1,273 65 47 322

$

1,242 63 47 310

$

1,146 57 41 288

$

982 46 32 260

$

894 42 29 231

(30%) (35%) (38%) (28%)

$

1,707

$

1,662

$

1,532

$

1,320

$

1,196

(30%)

$

39.9 9.2 2.5 12.4

$

39.0 10.0 3.0 13.0

$

38.0 10.0 3.0 13.0

$

37.2 8.4 2.6 11.0

$

35.6 6.4 2.4 8.6

(11%) (30%) (4%) (31%)

64.0

65.0

64.0

59.2

53.0

(17%)

683 29 11 136

674 29 11 134

658 29 10 134

627 29 10 134

614 29 8 126

(10%) 0% (27%) (7%)

859

848

831

800

777

(10%)

(1) Total Client Assets include Average Deposits and Other Customer Liability Balances.

Reclassified to conform to the current period's presentation.

Page 19

NORTH AMERICA (In millions of dollars)

1Q 2008 Net Interest Revenue Non-Interest Revenue

$

Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims

2Q 2008

6,691 (4,311)

$

3Q 2008

7,180 551

$

7,072 (1,118)

4Q 2008 $

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

7,769 (10,090)

$

7,840 2,966

17% NM

2,380

7,731

5,954

(2,321)

10,806

NM

8,277

8,146

7,533

12,451

6,343

(23%)

2,190 1,477 222

2,663 2,044 214

3,090 2,775 213

3,840 4,570 544

5,163 1,751 291

NM 19% 31%

3,889

4,921

6,078

8,954

7,205

85%

Income (Loss) Before Taxes and Minority Interest

(9,786)

(5,336)

(7,657)

(23,726)

(2,742)

72%

Income Taxes (Benefits)

(4,165)

(2,070)

(2,892)

(7,919)

(1,382)

67%

(126)

(314)

(15)

57%

Minority Interest, Net of Tax

(35)

51

Net Income (Loss)

$

(5,586)

$

(3,317)

$

(4,639)

$

(15,493)

$

(1,345)

76%

Average Assets (in billions of dollars) Return on Assets

$

1,289 (1.74%)

$

1,272 (1.05%)

$

1,118 (1.65%)

$

1,073 (5.74%)

$

1,021 (0.53%)

(21%)

$

152.7 307.2 49.3 39.9 549.1

$

151.2 305.1 44.9 39.0 540.2

$

150.6 291.7 46.2 38.0 526.5

$

149.3 288.6 57.5 37.2 532.6

$

145.9 283.3 60.3 35.6 525.1

(4%) (8%) 22% (11%) (4%)

196.7 18.0 26.5 20.3 21.8 283.3

(11%) (15%) 10% (8%)

92.1 35.9

(1%) 20% 4% 21% (1%) 7%

Key Drivers (in billions of dollars, except branches): Average Loans Managed Cards Consumer Banking Corporate Global Wealth Management Total Average Consumer Banking Loans Residential Real Estate Auto Student Personal and Other Commercial Total

$

$

$

219.9 21.2 24.0 20.4 21.7 307.2

$

$

$

215.3 21.0 24.9 20.9 23.0 305.1

$

$

$

205.2 20.1 23.0 21.5 21.9 291.7

$

$

$

200.5 19.2 25.7 21.2 22.0 288.6

$

$

$

Average Deposits (and other Customer Liability Balances) Checking, Savings & Money Market Deposits Time Deposits, CDs and Other Consumer Banking Deposits Transaction Services Global Wealth Management Total

$

92.7 30.0

$

122.7 61.0 80.0 263.7

Global Wealth Management Assets Under Fee-Based Management Global Wealth Management Total Client Assets

$ $

Consumer Banking Investment Sales Consumer Banking Investment AUMs

$ $

Branches / Offices Citibank CitiFinancial Global Wealth Management Offices Total

$

97.4 24.4

$

121.8 52.0 78.0 251.8

364 1,273

$ $

1.5 34.4

$ $

$

95.0 25.8

$

120.8 54.0 76.0 250.8

357 1,242

$ $

1.3 34.4

$ $

$

90.9 34.7

$

$

125.6 76.0 78.3 279.9

$

128.0 74.0 79.4 281.4

314 1,146

$ $

254 982

$ $

225 894

(38%) (30%)

1.2 30.7

$ $

0.9 24.6

$ $

0.8 22.5

(47%) (35%)

1,051 2,517 683

1,030 2,526 674

1,010 2,449 658

1,015 2,347 627

1,000 2,341 614

(5%) (7%) (10%)

4,251

4,230

4,117

3,989

3,955

(7%)

Consumer Loans Excluding GWM Net Credit Loss Ratio Loans 90+Days Past Due (in millions) % of EOP Loans

2.45% $

8,115 2.34%

2.83% $

8,957 2.70%

3.50% $

10,486 3.14%

4.23% $

12,569 3.81%

4.98% $

14,766 4.69%

82%

NM Not meaningful Reclassified to conform to the current period's presentation.

Page 20

EMEA (In millions of dollars)

1Q 2008 Net Interest Revenue

$

Non-Interest Revenue

2Q 2008

2,104

$

(516)

Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims

Income Taxes (Benefits) Minority Interest, Net of Tax Net Income (Loss)

$

Average Assets (in billions of dollars)

$

Return on Assets

2,367

$

4Q 2008

2,066

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

2,081

$

2,031

(3%)

899

1,209

908

3,690

NM

1,588

3,266

3,275

2,989

5,721

NM

3,072

2,888

2,504

2,587

1,936

(37%)

345 110 1

447 165 -

513 474 1

889 627 -

845 382 -

NM NM -

456

Income (Loss) Before Taxes and Minority Interest

3Q 2008

612

988

1,516

1,227

NM

(1,940)

(234)

(217)

(1,114)

2,558

NM

(802)

(127)

(254)

(664)

755

21

21

28

13

(1,159) 432

1

$

(128)

$

9

$

(463)

$

1,802

$

373

$

364

$

321

$

286

(1.08%)

(0.14%)

0.01%

(0.57%)

NM (95%) NM (34%)

2.56%

Key Drivers (in billions of dollars, except branches): Average Loans Cards

$

Consumer Banking Corporate Global Wealth Management Total Average Consumer Banking Loans Residential Real Estate Personal Commercial and other Total

$

$

15.7

$

16.5

$

$

14.1

$

13.3

(15%)

26.1

25.3

21.6

19.9

(21%)

73.2 9.2 123.2

70.4 10.0 123.0

61.9 10.0 113.4

58.4 8.4 102.5

51.9 6.4 91.5

(29%) (30%) (26%)

6.4 12.2 1.3 19.9

(26%) (19%) (7%) (21%)

$

8.7 15.0 1.4 25.1

$

$

36.0 105.0 22.0

$

Global Wealth Management Assets Under Fee-Based Management Global Wealth Management Total Client Assets Consumer Banking Investment Sales Consumer Banking Investment AUMs

$

9.0 15.7 1.4 26.1

$

$

35.5 110.0 18.0

163.0

$

$

20

$

65

$

2.2

$

15.5

$

16.2

25.1

$

8.6 15.3 1.4 25.3

$

$

32.6 109.0 19.0

163.5

$

$

19

$

63

$

1.6

$

13.7

$

$

7.0 13.2 1.4 21.6

$

$

25.3 106.0 17.7

$

23.3 97.0 15.1

(35%) (8%) (31%)

160.6

$

149.0

$

135.4

(17%)

$

17

$

13

$

12

(40%)

$

57

$

46

$

42

(35%)

$

1.3

$

0.6

$

0.8

(64%)

$

11.5

$

8.8

$

7.9

(49%)

$

$

$

Average Deposits (and other Customer Liability Balances) Consumer Banking Deposits Transaction Services Global Wealth Management Total

Branches / Offices Citibank CitiFinancial Global Wealth Management Offices Total

496 317 29

491 259 29

497 262 29

488 261 29

477 224 29

(4%) (29%) -

842

779

788

778

730

(13%)

2.94%

3.11%

3.52%

4.31%

5.92%

Consumer Loans Excluding GWM Net Credit Loss Ratio Loans 90+Days Past Due (in millions) % of EOP Loans

$

644 1.53%

$

751 1.72%

$

810 2.02%

$

916 2.56%

$

1,158 3.50%

80%

NM Not meaningful Reclassified to conform to the current period's presentation. Page 21

LATIN AMERICA (In millions of dollars)

1Q 2008 Net Interest Revenue

$

Non-Interest Revenue Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims Income Before Taxes and Minority Interest Income Taxes Minority Interest, Net of Tax

2Q 2008

2,015

$

$

Average Assets (in billions of dollars)

$

Return on Assets

2,169

$

4Q 2008

2,061

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009 1,597

(21%)

1,921

1,275

1,017

931

2,360

23%

3,936

3,444

3,078

2,687

3,957

1%

1,487

1,822

1,849

5,945

1,345

(10%)

503 224 54

575 165 45

657 252 59

584 502 50

564 282 41

12% 26% (24%)

1,756

$

887

14%

781

785

968

1,136

1,668

837

261

(4,394)

1,725

3%

472

178

(20)

(279)

541

15%

1

Net Income (Loss)

3Q 2008

1

1,195

$

153

$

3.14%

1

658

$

159

$

1.66%

1

280

$

156

$

0.71%

(4,116) 144

1 $ $

(11.37%)

-

1,183

(1%)

130

(15%)

3.69%

Key Drivers (in billions of dollars, except branches): Average Loans Cards

$

14.1

$

14.7

$

14.6

$

11.8

$

10.9

(23%)

Consumer Banking

14.6

15.6

16.0

14.2

13.6

(7%)

Corporate Global Wealth Management Total

29.1 2.5 60.3

28.8 3.0 62.1

27.4 3.0 61.0

24.1 2.6 52.7

23.0 2.4 49.9

(21%) (4%) (17%)

3.2 4.1 6.3 13.6

(3%) (19%) (7%)

Average Consumer Banking Loans Residential Real Estate Personal Commercial and other Total

$

$

$

3.3 5.0 6.3 14.6

$

$

41.4 20.0 9.0

$

Global Wealth Management Assets Under Fee-Based Management Global Wealth Management Total Client Assets

$

3.6 5.5 6.5 15.6

$

$

41.3 20.0 9.0

70.4

$

$

13

$

47

Consumer Banking Investment Sales

$

Consumer Banking Investment AUMs

$

$

$

3.6 5.3 7.1 16.0

$

$

40.9 20.0 7.0

70.3

$

$

13

$

47

14.6

$

34.5

$

$

$

3.2 4.4 6.6 14.2

$

$

35.1 19.0 5.4

$

33.5 18.0 4.7

(19%) (10%) (48%)

67.9

$

59.5

$

56.2

(20%)

$

11

$

8

$

7

(46%)

$

41

$

32

$

29

(38%)

15.4

$

16.2

$

13.4

$

11.5

(21%)

37.4

$

32.9

$

25.0

$

22.9

(34%)

$

$

$

Average Deposits (and other Customer Liability Balances) Consumer Banking Deposits Transaction Services Global Wealth Management Total

Branches / Offices Citibank CitiFinancial Global Wealth Management Offices Total

2,066 568 11

2,071 564 11

2,055 533 10

2,028 533 10

1,965 477 8

(5%) (16%) (27%)

2,645

2,646

2,598

2,571

2,450

(7%)

6.96%

7.64%

8.64%

8.66%

9.24%

Consumer Loans Excluding GWM Net Credit Loss Ratio Loans 90+Days Past Due (in millions) % of EOP Loans

$

1,121 3.86%

$

1,182 3.84%

$

1,129 3.87%

$

983 3.85%

$

1,011 4.11%

(10%)

NM Not meaningful Reclassified to conform to the current period's presentation. Page 22

ASIA Page 1 (In millions of dollars)

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

ASIA Net Interest Revenue Non-Interest Revenue

$

Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims Income Before Taxes and Minority Interest Income Taxes Minority Interest, Net of Tax

2,419 2,168

$

2,484 2,111

$

2,514 1,954

$

2,231 (245)

$

2,095 1,714

(13%) (21%)

4,587

4,595

4,468

1,986

3,809

(17%)

2,834

2,788

2,612

3,813

2,174

(23%)

599 128 -

634 147 -

660 372 -

827 260 -

709 280 -

18% NM -

727

781

1,032

1,087

989

36%

1,026

1,026

824

(2,914)

646

(37%)

269

250

127

(2,292)

4

(99%)

4

2

(9)

(8)

(3)

63%

Net Income

$

765

$

772

$

695

$

(613)

$

645

(16%)

Average Assets (in billions of dollars) Return on Assets

$

364 0.85%

$

354 0.88%

$

337 0.82%

$

359 (0.68%)

$

301 0.87%

(17%)

$

264 13

$

173 3

$

224 1

$

$

162 3

(39%) (77%)

CONSUMER FINANCE JAPAN Net Interest Revenue Non-Interest Revenue Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims Income Before Taxes and Minority Interest Income Taxes Minority Interest, Net of Tax

65 2

277

176

225

67

165

(40%)

95

101

84

91

59

(38%)

317 -

314 -

295 91 1

305 13 -

316 (52) -

-

317

314

387

318

264

(17%)

(135)

(239)

(246)

(342)

(158)

(17%)

(49)

(85)

(87)

(887)

(122)

NM

-

-

-

-

-

-

$

(36)

58%

Net Income

$

(86)

$

(154)

$

(159)

$

545

Average Assets (in billions of dollars) Return on Assets

$

9 (3.84%)

$

8 (7.74%)

$

8 (7.91%)

$

8 27.10%

$

8 (1.83%)

(11%)

$

2,155 2,155

$

2,311 2,108

$

2,290 1,953

$

2,166 (247)

$

1,933 1,711

(10%) (21%)

ASIA EXCLUDING CONSUMER FINANCE JAPAN Net Interest Revenue Non-Interest Revenue Total Revenues, Net of Interest Expense Total Operating Expenses Net Credit Losses Credit Reserve Build / (Release) Provision for Benefits & Claims Provision for Loan Losses and for Benefits and Claims Income Before Taxes and Minority Interest Income Taxes Minority Interest, Net of Tax

4,310

4,419

4,243

1,919

3,644

(15%)

2,739

2,687

2,528

3,722

2,115

(23%)

282 128 -

320 147 -

522 247 -

393 332 -

365 281 (1)

410

467

645

725

77%

1,161

1,265

1,070

(2,572)

804

(31%)

318

335

214

(1,405)

126

(60%)

4

2

(9)

(8)

769

39% NM -

(3)

63%

Net Income

$

851

$

926

$

854

$

(1,158)

$

681

(20%)

Average Assets (in billions of dollars) Return on Assets

$

355 0.96%

$

346 1.08%

$

329 1.03%

$

351 (1.31%)

$

293 0.94%

(17%)

NM Not meaningful Reclassified to conform to the current period's presentation. Page 23

ASIA Page 2 (In millions of dollars)

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

Key Drivers (in billions of dollars, except branches): Average Loans Cards Consumer Banking (excluding CF Japan) Corporate Global Wealth Management Consumer Finance Japan Total

Average Consumer Banking Loans (excluding CF Japan) Residential Real Estate Personal Commercial and other Total

$

$

$

$

17.1 51.9 45.2 12.4 126.6 8.9 135.5

28.4 11.1 12.4 51.9

$

$

$

$

17.6 51.6 43.6 13.0 125.8 8.4 134.2

28.4 11.1 12.1 51.6

$

$

$

$

17.3 49.9 40.1 13.0 120.3 7.8 128.1

27.1 10.8 12.0 49.9

$

$

$

$

16.1 43.4 38.1 11.0 108.6 8.3 116.9

23.8 9.4 10.2 43.4

$

$

$

$

15.5 41.8 34.0 8.6 99.9 7.6 107.5

(9%) (19%) (25%) (31%) (21%) (15%) (21%)

22.8 8.8 10.2 41.8

(20%) (21%) (18%) (19%)

82.9 89.0 17.8 189.7

(15%) (8%) (15%) (12%)

Average Deposits (and other Customer Liability Balances) Consumer Banking Deposits Transaction Services Global Wealth Management Total

$

$

97.7 97.0 21.0 215.7

$

$

96.8 94.0 22.0 212.8

$

$

92.5 90.0 22.0 204.5

$

$

84.7 91.0 20.2 195.9

$

$

Global Wealth Management Assets Under Fee-Based Management

$

84

$

80

$

73

$

57

$

49

(42%)

Global Wealth Management Total Client Assets

$

322

$

310

$

288

$

260

$

231

(28%)

Consumer Banking Investment Sales

$

10.0

$

9.5

$

6.1

$

2.8

$

3.4

(66%)

Consumer Banking Investment AUMs

$

54.3

$

53.1

$

44.9

$

35.8

$

33.0

(39%)

Branches / Offices Citibank CitiFinancial (excluding Japan) Global Wealth Management Offices Consumer Finance Japan Total

492 612 136 1,240 41

492 555 134 1,181 36

495 555 134 1,184 19

492 562 134 1,188 4

507 315 126 948 4

3% (49%) (7%) (24%) (90%)

1,281

1,217

1,203

1,192

952

(26%)

2.99%

3.16%

3.32%

3.69%

4.23%

Consumer Loans Excluding GWM Net Credit Loss Ratio Loans 90+Days Past Due (in millions) % of EOP Loans

$

765 0.98%

$

798 1.03%

$

747 1.04%

$

784 1.13%

$

879 1.37%

15%

Reclassified to conform to the current period's presentation. Page 24

CITIGROUP -- RETURN ON CAPITAL

(1)

Average Risk Capital ($M) (2) First Quarter 2008

Global Cards

$

Consumer Banking

14,762

Fourth Quarter 2008

$

13,976

Return on Risk Capital

First Quarter 2009

$

First Quarter 2008

Fourth Quarter 2008

Return on Invested Capital

First Quarter 2009

First Quarter 2008

Fourth Quarter 2008

First Quarter 2009

16,948

33%

(17%)

10%

18%

(9%)

6%

27,272

31,064

35,213

1%

(133%)

(14%)

-

(88%)

(11%)

52,617 2,245

44,293 1,812

46,144 2,033

(54%) 131%

(94%) 158%

17% 168%

(43%) 66%

(72%) 73%

13% 87%

54,862

46,105

48,177

(47%)

(84%)

24%

(36%)

(63%)

18%

Global Wealth Management

4,509

3,606

4,914

26%

3%

22%

11%

1%

11%

Corporate / Other

4,856

3,765

1,524

NM

NM

NM

NM

NM

NM

98,516

$ 106,776

(20%)

(86%)

6%

(19%)

(85%)

(6%)

Institutional Clients Group (ICG): Securities and Banking Transaction Services Total Institutional Clients Group (ICG)

Total Citigroup - Risk Capital (2)

$

106,261

$

Total Citigroup - Return on Invested Capital (2) (3)

(1) Risk Capital is defined as the amount of capital needed to cover unexpected economic losses during extreme events. Return on Risk Capital is defined as income divided by Risk Capital. Return on Invested Capital is a similar calculation but includes adjustments for goodwill and intangibles in both the numerator and denominator, similar to those necessary to translate return on tangible equity to return on total equity. Return on Risk Capital and Return on Invested Capital are non-GAAP performance measures. Management believes Return on Risk Capital is useful to make incremental investment decisions and serves as a key metric for organic growth initiatives. Return on Invested Capital is used for multi-year investment decisions and as a long term performance measure. (2) Average Risk Capital is net of the cross-sector diversification. Average Invested Capital includes the difference between Tangible Equity and Risk Capital, which is also included in the Total Citigroup Return on Invested Capital. (3) Total Citigroup Return on Invested Capital equals Citigroup Return on Common Equity. NM Not meaningful Reclassified to conform to the current period's presentation.

Page 25

AVERAGE BALANCES AND INTEREST RATES(1)(2)(3)(4)(5)

Average Volumes First Quarter

Fourth Quarter

First Quarter

First Quarter

Fourth Quarter

First Quarter

First Quarter

Fourth Quarter

First Quarter

2008

2008

2009 (5)

2008

2008

2009

2008

2008

2009 (5)

In millions of dollars Assets: Deposits with Banks (6) Fed Funds Sold and Resale Agreements (7) Trading Account Assets (8) Investments (1)

$

63,314 282,315 434,869 217,267 566,636 196,557 763,193 119,148

$

120,963 209,720 308,725 219,352 523,927 177,558 701,485 75,609

$

170,463 182,635 264,008 244,114 504,614 167,101 671,715 53,163

$

784 3,172 4,799 2,687 12,357 4,057 16,414 1,334

$

759 1,404 3,892 2,886 10,800 3,653 14,453 517

$

432 888 2,958 3,176 9,759 3,096 12,855 300

4.98% 4.52% 4.44% 4.97% 8.77% 8.30% 8.65% 4.50%

2.50% 2.66% 5.02% 5.23% 8.20% 8.18% 8.20% 2.72%

1.03% 1.97% 4.54% 5.28% 7.84% 7.51% 7.76% 2.29%

$

1,880,106

$

1,635,854

$

1,586,098

$

29,190

$

23,911

$

20,609

6.24%

5.81%

5.27%

$

735,965 329,944 91,145 232,033 339,137

$

657,315 262,199 63,768 196,220 341,256

$

635,100 223,394 52,677 189,922 343,777

$

6,194 3,903 333 1,381 4,311

$

4,080 1,726 198 711 3,943

$

2,848 1,119 113 497 3,134

3.38% 4.76% 1.47% 2.39% 5.11%

2.47% 2.62% 1.24% 1.44% 4.60%

1.82% 2.03% 0.87% 1.06% 3.70%

$

1,728,224

$

1,520,758

$

1,444,870

$

16,122

$

10,658

$

7,711

3.75%

2.79%

2.16%

$

13,068

$

13,253

$

12,898

2.80%

3.22%

3.30%

Consumer Loans Corporate Loans Total Loans (net of Unearned Income) Other Interest-Earning Assets Total Average Interest-Earning Assets

% Average Rate (4)

Interest

Liabilities: Deposits Fed Funds Purchased and Repurchase Agreements (7) Trading Account Liabilities (8) Short-Term Borrowings Long-Term Debt (9) Total Average Interest-Bearing Liabilities Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)

1Q09 Increase From

50 bps

8 bps

(1) Interest Revenue excludes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $48 million for the 2008 first quarter, $159 million for the 2008 fourth quarter and $97 million for the 2009 first quarter. (2) Citigroup Average Balances and Interest Rates include both domestic and international operations. (3) Monthly or quarterly averages have been used by certain subsidiaries where daily averages are unavailable. (4) Average Rate % is calculated as annualized interest over average volumes. (5) Preliminary (6) Beginning with the fourth quarter of 2008, Deposits held with the Federal Reserve are interest-earning and are classified as Deposits with Banks. (7) Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of FIN 41. (8) Interest expense on trading account liabilities of ICG is reported as a reduction of interest revenue. Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively. (9) Excludes hybrid financial instruments and beneficial interests in consolidated VIEs that are classified as long-term debt as these obligations are accounted for at fair value with changes recorded in Principal Transactions. Reclassified to conform to the current period's presentation and has been reclassified to exclude Discontinued Operations.

Page 26

CONSUMER LOAN DELINQUENCY AMOUNTS, NET CREDIT LOSSES AND RATIOS (In millions of dollars, except loan amounts in billions)

1Q08

EOP Loans 1Q09

90 Days Or More Past Due (1) 4Q08 1Q09

Net Credit Losses (1) 4Q08

1Q08

Average Loans 1Q09

1Q09

PRODUCT VIEW: Global Cards North America

$

826 2.05% 266 1.62% 539 3.75% 256 1.49%

Ratio

EMEA Ratio

Latin America Ratio

Asia Ratio

Consumer Banking North America Ratio

EMEA Ratio

Latin America Ratio

Asia Ratio

Global Wealth Management Ratio

On-Balance Sheet Loans (2)

$

Securitized Receivables (all in NA Cards) Loans Held-for-Sale Managed Loans (3)

$

$

1,258 3.49% 468 3.55% 548 5.11% 309 2.04%

$

36.1

15.2

278.8

582 3.98%

422 3.01%

463 3.33%

509 0.83%

522 0.99%

31 0.05%

289 0.52% 15,541 3.01% 2,655 18,196 2.92%

$

$

$

903 8.22% 183 5.17% 422 14.18% 162 4.02%

$

1,112 10.42% 234 7.14% 420 15.65% 177 4.62%

$

43.3 13.3 10.9 15.5

1,539 2.02% 159 2.55%

2,629 3.62% 203 3.75%

2,899 4.15% 250 5.11%

283.3

13.9

137 3.78%

144 4.04%

137 4.10%

13.6

570 1.16%

49.0

444 2.94%

466 3.59%

500 4.11%

49.4

585 1.12%

52.1

10 0.06%

42 0.28%

18 0.14%

53.0

18,399 3.76% 3,138 21,537 3.62%

$

614 5.39% 140 3.56% 359 10.25% 135 3.17%

10.7

13,508 4.85% 690 3.47%

$

$

13.2

11,271 3.96% 547 2.54%

2,113 14 12,803 1.90%

Ratio

1,298 2.87% 369 2.60% 561 4.86% 262 1.57%

7,289 2.38% 378 1.46%

10,676 1.90%

Ratio

$

19.9

$

488.9

$

106.0 594.9

$

3,537 2.52% 1,591 5,128 3.07%

$

$

5,154 3.93% 2,115 7,269 4.61%

$

$

5,747 4.64% 2,549 8,296 5.56%

$

19.9

$

502.2

$

102.6 604.8

REGIONAL VIEW: North America

$

Ratio

EMEA Ratio

Latin America Ratio

Asia Ratio

On-Balance Sheet Loans (2)

$

Securitized Receivables (all in NA Cards) Loans Held-for-Sale Ratio

10,676

$

$

1.90% 2,113

Ratio

Managed Loans (3)

8,143 2.10% 645 1.26% 1,120 3.54% 768 0.84%

14 $

12,803 1.90%

$

12,866 3.50% 922 2.16% 983 3.51% 770 0.97% 15,541

$

$

15,262 4.35% 1,207 3.06% 1,011 3.78% 919 1.28% 18,399

3.01% 2,655

3.76% 3,138

-

-

18,196 2.92%

$

21,537 3.62%

$

350.6

$

39.5 26.8 72.0 $

$

488.9

$

2,154 2.20% 298 2.40% 496 6.41% 589 2.62% 3,537

$

$

3,555 3.83% 391 3.52% 566 7.85% 642 3.23% 5,154

$

$

4,024 4.51% 484 4.96% 558 8.43% 681 3.75% 5,747

106.0

2.52% 1,591

3.93% 2,115

4.64% 2,549

-

-

-

-

594.9

$

5,128 3.07%

$

7,269 4.61%

$

8,296 5.56%

$

362.2 39.6 26.9 73.5

$

502.2 102.6 -

$

604.8

(1) The ratios of 90 days or more past due and net credit losses are calculated based on end-of-period and average loans, respectively, both net of unearned income. (2) Total Loans and Total Average Loans exclude certain interest and fees on credit cards of approximately $3 billion and $3 billion, respectively, which are included in Consumer Loans on the Consolidated Balance Sheet. (3) This table presents consumer credit information on a held basis and shows the impact of securitizations to reconcile to a managed basis. Only N.A. Cards from a product view and North America from a regional view are impacted. Managed basis reporting is a non-GAAP measure. Held basis reporting is the related GAAP measure. For a discussion of managed basis reporting see Note 1 to the Global Cards business on page 10. Reclassified to conform to the current period's presentation.

Page 27

ALLOWANCE FOR CREDIT LOSSES TOTAL CITIGROUP (In millions of dollars)

1Q 2008

Allowance for Loan Losses at Beginning of Period

$

Gross Credit (Losses)

2Q 2008

16,117

$

(4,247)

Gross Recoveries

18,257

NCL's Reserve Releases (1)

4Q 2008

20,777

$

29,616 (7,659)

405

377

(38%)

(4,920)

(6,143)

(7,282)

(100%)

3,638

4,320

4,920

6,143

7,282

100%

-

-

100%

3,491

2,256

20%

(1,398)

NM

(115)

(56)

2,646

3,483

(35)

(29)

(13)

Specific Reserve Builds

170

159

614

8

2

5,577

6,983

Build(Release/Utilization)for Purchased Distressed Loan Portfolios

201

(596)

(5) 8,943

(143)

(795)

3,096

1,769

37

6

12,171

9,915

(417)

$

18,257

$

20,777

$

24,005

$

29,616

$

31,703

Corporate Allowance for Unfunded Lending Commitments (3) (a)

$

1,250

$

1,107

$

957

$

887

$

947

Provision for Unfunded Lending Commitments

$

-

$

$

(150)

$

(70)

$

60

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]

$

19,507

$

$

32,650

(143)

21,884

2.31%

2.78%

$

24,962

3.35%

$

30,503

4.27%

NM (25%) 78%

(546)

Allowance for Loan Losses at End of Period (1) (a)

Total Allowance for Loan Losses as a Percentage of Total Loans

(80%)

(4,320)

Specific Reserve Releases / Utilizations

Provision for Loan Losses

24,005 (6,548)

547

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

(3,638)

1,885

Other (2)

$

(5,467)

649

(89)

Reserve Builds (1)

$

(4,969)

609

Net Credit (Losses) / Recoveries (NCL's)

3Q 2008

4.82%

(1) Allowance for Credit Losses represents management's estimate of probable losses inherent in the portfolio. Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio. Included in the allowance for loan losses are reserves for Trouble Debt Restructurings (TDRs) of $443 million, $882 million, $1,443 million, $2,180 million and $2,760 million as of March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008 and March 31, 2009, respectively. (2) Includes all adjustments to the Allowance for Credit Losses, such as changes in the allowance from acquisitions, securitizations, foreign exchange translation, purchase accounting adjustments, etc. The significant items reported on this line for the periods presented include: - For the 2009 first quarter, reductions to the credit loss reserves of $213 million related to securitizations and reductions of approximately $320 million primarily related to foreign currency translation. - For the 2008 fourth quarter, reductions to the credit loss reserves of approximately $400 million primarily related to foreign currency translation. - For the 2008 third quarter, reductions to the credit loss reserves of $23 million related to securitizations, reductions of $244 million related to the pending sale of Germany and reductions of approximately $400 million related to foreign currency translation. - For the 2008 second quarter, reductions to the credit loss reserves of $21 million related to securitizations, reductions of $156 million related to the sale of CitiCapital and additions of $56 million related to purchase price adjustments for the Cuscatlan acquisition. - For the 2008 first quarter, reductions to the credit loss reserves of $58 million related to securitizations and additions of $50 million related to purchase price adjustments for the Bank of Overseas Chinese acquisition.

(3) Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet. NM Not meaningful Page 28

ALLOWANCE FOR CREDIT LOSSES CONSUMER LOANS (1) (In millions of dollars) 1Q 2008

Allowance for Loan Losses at Beginning of Period

$

Gross Credit (Losses)

12,393

$

(4,110)

Gross Recoveries

NCL's Reserve Releases (2)

14,368

(5,107)

19,079

$

(5,505)

513

22,366 (6,095)

351

348

(48%) (39%)

(5,154)

(5,747)

(62%)

3,537

3,963

4,594

5,154

5,747

62%

-

-

100%

2,819

1,805

(1%) 100%

-

(13)

2,257

(3)

3,135

-

2

39

-

-

-

139

855

575

-

-

-

5,332

6,259

7,855

180 $

$

(4,594)

Specific Reserve Builds

Provision for Loan Losses

16,507

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

(3,963)

Specific Reserve Releases / Utilizations

Other (3)

4Q 2008

(3,537)

1,825

Build(Release/Utilization)for Purchased Distressed Loan Portfolios

$

624

(29)

Reserve Builds (2)

3Q 2008

(4,587)

573

Net Credit (Losses) / Recoveries (NCL's)

Allowance for Loan Losses at End of Period (2)

2Q 2008

14,368

(157) $

16,507

8 8,836

(689) $

19,079

(395) $

22,366

NM

-

-

8,127

52%

(465) $

24,281

Net Consumer Credit (Losses) as a Percentage of Average Consumer Loans

2.52%

2.82%

3.35%

3.93%

4.64%

Consumer Allowance for Credit Losses As a Percentage of Total Consumer Loans

2.41%

2.89%

3.51%

4.30%

4.96%

(1) Includes loans made to Global Wealth Management clients. (2) Allowance for Credit Losses represents management's estimate of probable losses inherent in the portfolio. Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio. Included in the allowance for loan losses are reserves for Trouble Debt Restructurings (TDRs) of $443 million, $882 million, $1,443 million, $2,180 million and $2,760 million as of March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008 and March 31, 2009, respectively. (3) Includes all adjustments to the Allowance for Credit Losses, such as changes in the allowance from acquisitions, securitizations, foreign exchange translation, purchase accounting adjustments, etc. The significant items reported on this line for the periods presented include: - For the 2009 first quarter, reductions to the credit loss reserves of $213 million related to securitizations and reductions of approximately $242 million primarily related to foreign currency translation. - For the 2008 fourth quarter, reductions to the credit loss reserves of approximately $400 million primarily related to foreign currency translation. - For the 2008 third quarter, reductions to the credit loss reserves of $23 million related to securitizations, reductions of $244 million related to the pending sale of Germany and reductions of approximately $500 million related to foreign currency translation. - For the 2008 second quarter, reductions to the credit loss reserves of $21 million related to securitizations, reductions of $156 million related to the sale of CitiCapital and additions of $56 million related to purchase price adjustments for the Cuscatlan acquisition. - For the 2008 first quarter, reductions to the credit loss reserves of $58 million related to securitizations and additions of $50 million related to purchase price adjustments for the Bank of Overseas Chinese acquisition. NM Not meaningful

Page 29

ALLOWANCE FOR CREDIT LOSSES CORPORATE LOANS (1) (In millions of dollars) 1Q 2008

Allowance for Loan Losses at Beginning of Period

$

Gross Credit (Losses)

2Q 2008

3,724

$

3Q 2008

3,889

$

4Q 2008

4,270

$

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

4,926

$

(137)

(382)

(360)

36

25

34

54

(101)

(357)

(326)

(989)

(1,535)

NM

NCL's

101

357

326

989

1,535

NM

Reserve Releases (2)

(60)

(115)

(43)

-

-

100%

60

389

348

672

451

Gross Recoveries Net Credit (Losses) / Recoveries (NCL's)

Reserve Builds (2) Specific Reserve Releases / Utilizations

(32)

(29)

(13)

Specific Reserve Builds

168

120

475

8

2

245

724

Build(Release/Utilization)for Purchased Distressed Loan Portfolios Provision for Loan Losses Other (3)

21

Allowance for Loan Losses at End of Period (1) (a)

$

3,889

4,270

1,088 (106) $

4,926

(1,564) 29

(596)

(5)

14 $

(1,043)

7,250

(1,398)

NM

1,194

NM

29

6

3,335

1,788

7,250

0.19%

0.19%

0.56%

0.92%

Corporate Allowance for Credit Losses As a Percentage of Total Corporate Loans

2.02%

2.43%

2.84%

4.15%

4.43%

1,250

$

Provision for Unfunded Lending Commitments

$

-

$

Total Corporate Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]

$

5,139

$

1,107 (143)

5,377

$

957

$

887

$

947

$

(150)

$

(70)

$

60

$

8,369

$

5,883

$

8,137

NM

7,422

0.05%

$

(25%)

(81) $

Net Corporate Credit (Losses) (actual, not annualized) as a Percentage of Average Corporate Loans

Corporate Allowance for Unfunded Lending Commitments (4) (a)

NM

2,241

(22) $

NM (19%)

(1) Includes Loans related to the Corporate / Other segment. (2) Allowance for Credit Losses represents management's estimate of probable losses inherent in the portfolio. Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio. (3) Includes all adjustments to the Allowance for Credit Losses, such as changes in the allowance from acquisitions, securitizations, foreign exchange translation, purchase accounting adjustments, etc. The significant items reported on this line for the periods presented include: - The 2009 first quarter includes adjustments primarily related to foreign currency translation. - The 2008 fourth quarter includes adjustments primarily related to foreign currency translation. - The 2008 third quarter includes adjustments primarily related to foreign currency translation. - The 2008 first quarter includes adjustments for the transfer of business units from U.S. Consumer to Markets & Banking of $21 million and ($15) million for the release of reserves related to the contribution of certain assets of Citi Chile to Banco de Chile. (4) Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet. NM Not meaningful

Page 30

CITIGROUP -- COMPONENTS OF PROVISION FOR LOAN LOSSES

(In millions of dollars) 1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

Global Cards Net Credit Losses

$

1,943

56%

623

583

1,069

1,275

1,108

78%

Net Credit Losses

614

687

766

903

1,112

81%

Credit Reserve Build / (Release)

313

334

481

716

655

NM

140

161

180

183

234

67%

37

81

142

166

204

NM

Net Credit Losses

359

417

484

422

420

17%

Credit Reserve Build / (Release)

249

127

286

312

157

(37%)

135

147

158

162

177

31%

24

41

160

81

92

NM

Net Credit Losses

2,279

2,552

3,005

3,442

3,786

66%

Credit Reserve Build / (Release)

1,161

1,672

2,128

2,274

1,178

1%

Net Credit Losses

1,539

1,764

2,166

2,629

2,899

88%

Credit Reserve Build / (Release)

1,033

1,496

1,861

1,982

989

(4%)

159

168

188

203

250

57%

34

49

86

83

134

NM

137

158

182

144

137

0%

31

(13)

126

15

NM

444

462

469

466

500

13%

99

96

194

83

40

(60%)

80%

Credit Reserve Build / (Release)

1,248

$

1,412

$

1,588

$

1,670

$

North America

EMEA Net Credit Losses Credit Reserve Build / (Release) Latin America

Asia Net Credit Losses Credit Reserve Build / (Release) Consumer Banking

North America

EMEA Net Credit Losses Credit Reserve Build / (Release) Latin America Net Credit Losses Credit Reserve Build / (Release)

(5)

Asia Net Credit Losses Credit Reserve Build / (Release) Global Wealth Management: Net Credit Losses

10

(1)

1

42

18

Credit Reserve Build / (Release)

11

41

64

133

94

NM

5,332

6,259

7,855

8,836

8,127

52%

Consumer Provision for Loan Losses Consumer NCLs

3,537

3,963

4,594

5,154

5,747

62%

Consumer Credit Reserve Build / (Release)

1,795

2,296

3,261

3,682

2,380

33%

Net Credit Losses

101

357

326

989

1,535

NM

Credit Reserve Build / (Release)

144

367

762

2,345

253

76%

Net Credit Losses

101

348

318

944

1,523

NM

Credit Reserve Build / (Release)

142

358

761

2,308

246

73%

9 9

8 1

45 37

12 7

NM

1,088

3,335

Institutional Clients Group (ICG):

Securities and Banking

Transaction Services Net Credit Losses Credit Reserve Build / (Release)

2

Corporate / Other Corporate Provision for Loan Losses Total Provision for Loan Losses NM Not meaningful Reclassified to conform to the current period's presentation.

$

-

-

245

724

5,577

$

6,983

1

$

8,943

$

12,171

-

$

-

1,788

NM

9,915

78%

Page 31

NON-PERFORMING ASSETS (In millions of dollars)

1Q 2008

2Q 2008

3Q 2008

4Q 2008

1Q09 vs. 1Q08 Increase/ (Decrease)

1Q 2009

NON-ACCRUAL AND RENEGOTIATED LOANS (1) Corporate Non-Accrual Loans By Region (2) North America EMEA Latin America Asia Total

$

443 1,276 74 241 2,034

$

469 1,602 81 124 2,276

$

715 1,433 133 385 2,666

$

$

$

5,724 663 1,291 623 8,301

$

$

6,471 815 1,436 628 9,350

$

$

8,149 801 1,339 588 10,877

$

174

$

184

$

Consumer ICG

$

1,008 545

$

1,121 489

TOTAL OTHER REAL ESTATE OWNED (OREO) (3)

$

1,553

$

$

$

$

1,340 84 125 4 1,553

$

$

$

2,415 6,375 238 541 9,569

$

$

$

9,876 886 1,284 682 12,728

124

$

$

1,200 402

1,610

$

$

$

1,481 87 39 3 1,610

107

$

2,034 8,301

$

$

3,305 6,503 322 679 10,809

NM NM NM NM NM

$

12,185 1,085 1,321 711 15,302

NM 64% 2% 14% 84%

134

$

163

(6%)

$

1,097 336

$

928 274

(8%) (50%)

1,602

$

1,433

$

1,202

(23%)

$

$

1,259 90 29 55 1,433

$

$

1,483 83 35 1 1,602

$

1,026 80 25 71 1,202

(23%) (5%) (80%) NM (23%)

94

$

81

$

78

$

78

(27%)

2,276 9,350

$

2,666 10,877

$

9,569 12,728

$

10,809 15,302

$

$

$

Consumer Non-Accrual Loans By Region (2) North America EMEA Latin America Asia Total Renegotiated Loans (includes Corporate and Commercial Business Loans)

$

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

OREO By Region: North America EMEA Latin America Asia Total

OTHER REPOSSESSED ASSETS (4) Non-Performing Assets (NPA) (5) Corporate Non-Accrual Loans Consumer Non-Accrual Basis Loans

NM 84%

Non-Performing Loans (NPL)

10,335

11,626

13,543

22,297

26,111

NM

OREO Other Repossessed Assets Non-Performing Assets (NPA)

1,553 107 11,995

1,610 94 13,330

1,602 81 15,226

1,433 78 23,808

1,202 78 27,391

(23%) (27%) NM

$

$

$

$

$

NPL as a % of Total Loans NPA as a % of Total Assets

1.31% 0.55%

1.56% 0.63%

1.89% 0.74%

3.21% 1.23%

3.97% 1.50%

Allowance for Loan Losses as a % of NPL

177%

179%

177%

133%

121%

NM Not meaningful (1) Non-accrual loans are loans in which the borrower has fallen behind in interest payments and are now considered impaired. As a general rule, consumer loans are charged off at 120 days past due and credit card loans are charged off at 180 days contractually past due. Consumer loans secured with non-real-estate collateral are written down to the estimated value of the collateral, less costs to sell, at 120 days past due. Consumer real-estate secured loans are written down to the estimated value of the property less costs to sell, when they are 180 days contractually past due. Impaired corporate loans and leases are written down to the extent that principal is judged to be uncollectible. (2)

Excludes SOP 3-03 purchased distressed loans. The carrying value of these loans was: $2,224 million at March 31, 2008, $1,891 million at June 30, 2008, $1,550 million at September 30, 2008, $1,510 million at December 31, 2008, and $1,328 million at March 31, 2009.

(3) (4) (5)

Represents the carrying value of all property acquired by foreclosure or other legal proceedings when the Company has taken possession of the collateral. Primarily transportation equipment, carried at lower of cost or fair value, less costs to sell. There is no industry-wide definition of non-performing assets. As such, analysis against the industry is not always comparable.

*** END OF FILE ***

Page 32