Citibank, N.A., as depositor of Citibank Credit Card Issuance Trust 8-K Other Events

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 19, 2013

CITIBANK CREDIT CARD ISSUANCE TRUST

(Issuing Entity in respect of the Notes)

(Exact name of issuing entity as specified in its charter)

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

CITIBANK CREDIT CARD MASTER TRUST I

(Issuing Entity in respect of the Collateral Certificate)

(Exact name of issuing entity as specified in its charter)

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

CITIBANK, N.A.

(Exact name of depositor and sponsor as specified in its charter)

UNITED STATES OF AMERICA	333-145220-03	13-5266470
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. Employer Identification No.)

399 Park Avenue New York, New York	10043
(Address of principal executive offices of depositor and sponsor)	(Zip Code)

Registrant’s telephone number, including area code: (212) 559-1000

(Former name or former address, if changed since last report): Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

The following information relates to the credit card receivables owned by Citibank Credit Card Master Trust I and the related credit card accounts. Some of the terms used herein are used as defined in the Glossary of Terms at the end of this Report.

Loss and Delinquency Experience

The following table sets forth the loss experience for cardholder payments on the credit card accounts for each of the periods shown on a cash basis. The Net Loss percentage calculated for each period below is obtained by dividing Net Losses by the Average Principal Receivables Outstanding multiplied by a fraction, the numerator of which is the total number of days in the applicable calendar year and the denominator of which is the total number of days in the trust monthly reporting periods for the applicable period (366/365 for the year ended December 26, 2012, 365/364 for the year ended December 27, 2011, and 365/365 for the year ended December 28, 2010).

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

Loss Experience for the Accounts

(Dollars in Thousands)

	Year Ended December 26, 2012			Year Ended December 27, 2011			Year Ended December 28, 2010
Average Principal Receivables Outstanding	$	53,779,354		$	60,924,613		$	69,707,899
Gross Charge-Offs	$	3,191,647		$	4,886,666		$	7,852,393
Recoveries	$	759,252		$	698,723		$	558,737
Net Losses	$	2,432,395		$	4,187,943		$	7,293,656
Net Losses as a Percentage of Average Principal Receivables Outstanding		4.54	%		6.89	%		10.46	%

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Net losses as a percentage of gross charge-offs for the year ended December 26, 2012 were 76.21% and for each of the years ended December 27, 2011, and December 28, 2010 were 85.70%, and 92.88%, respectively. Gross charge-offs are charge-offs before recoveries and do not include the amount of any reductions in Average Principal Receivables Outstanding due to fraud, returned goods, customer disputes or various other miscellaneous write-offs. During the 36 trust monthly reporting periods from January 2010 through December 2012, such reductions ranged from 0.67% to 1.28% of the outstanding principal receivables as of the end of the related trust monthly reporting period. The reduction of receivables in this manner reduces only the seller’s interest in the master trust. Recoveries are collections received in respect of principal receivables previously charged off as uncollectible. Net losses are gross charge-offs minus recoveries.

The following table sets forth the delinquency experience for cardholder payments on the credit card accounts as of each of the dates shown. The Delinquent Amount includes both principal receivables and finance charge receivables. Each percentage is the result of dividing the corresponding delinquent amount as of the end of the period indicated by the sum of the average principal receivables and average finance receivables outstanding during the years ended December 30, 2012, December 25, 2011, and December 26, 2010. There can be no assurance that the delinquency experience for the receivables in the future will be similar to the historical experience set forth below.

Delinquency Experience for the Accounts

(Dollars in Thousands)

	As of December 30, 2012					As of December 25, 2011					As of December 26, 2010
Number of Days Delinquent	Delinquent Amount		Percentage			Delinquent Amount		Percentage			Delinquent Amount		Percentage
Up to 34 days	$	976,601		1.81	%	$	1,281,238		2.08	%	$	1,728,464		2.43	%
35 to 64 days		316,108		0.58			525,245		0.85			833,600		1.17
65 to 94 days		271,656		0.50			423,006		0.69			644,787		0.91
95 to 124 days		246,651		0.46			351,324		0.57			572,395		0.81
125 to 154 days		184,600		0.34			289,044		0.47			503,778		0.71
155 to 184 days		174,820		0.32			268,674		0.44			460,592		0.65
Total	$	2,170,436		4.01	%	$	3,138,531		5.10	%	$	4,743,616		6.68	%

The global financial and economic crisis that began in 2007 had an adverse effect on the assets of the master trust. The ensuing economic recession and rising unemployment resulted in significant increases in net losses and delinquencies. While net losses and delinquencies have continued to decline in recent quarters, net losses remain higher than they were before the financial crisis and economic recession began. There can be no assurance the downward trend will continue. There could be future increases in net losses and delinquencies, and such increases could be significant.

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Citibank, as servicer, may enter into arrangements to extend or otherwise change payment schedules for cardholders who are experiencing financial hardship. This includes reducing interest rates, ceasing the accrual of interest entirely or making other accommodations to a cardholder. The following table presents the number of accounts and the receivables outstanding of portfolios designated to the master trust subject to such arrangements as of the dates noted, and as percentages of the total number of accounts and total outstanding receivables in the master trust as of December 30, 2012:

	Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding		Percentage of Total Receivables Outstanding
Loan Modifications — as of 12/30/2012		344,175		1.64	%	$	1,880,412,141		3.60	%
Loan Modifications — as of 12/31/2012(a)		2,363		0.01			5,326,791		0.01
Total Loan Modifications		346,538		1.65	%	$	1,885,738,932		3.61	%
Total as of 12/30/2012		21,023,812				$	52,188,706,063

(a) For one portfolio, the loan modification data in this table represents information as of December 31, 2012

Revenue Experience

The revenues for the credit card accounts from finance charges, fees paid by cardholders and interchange for the year ended December 26, 2012 and for each of the years ended December 27, 2011, and December 28, 2010 are set forth in the following table. The revenue experience in this table is presented on a cash basis before deduction for charge-offs. Average Revenue Yield calculated for each period below is obtained by dividing Finance Charges and Fees Paid by Average Principal Receivables Outstanding multiplied by a fraction, the numerator of which is the total number of days in the applicable calendar year and the denominator of which is the total number of days in the trust monthly reporting periods for the applicable period (366/365 for the year ended December 26, 2012, 365/364 for the year ended December 27, 2011, and 365/365 for the year ended December 28, 2010).

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

Revenue Experience for the Accounts

(Dollars in Thousands)

	Year Ended December 26, 2012			Year Ended December 27, 2011			Year Ended December 28, 2010
Finance Charges and Fees Paid	$	8,923,604		$	10,335,132		$	13,414,392
Average Revenue Yield		16.64	%		17.01	%		19.24	%

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

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From March 2009 to March 2011, a 1% discount percentage was applied to the principal receivables in the credit card accounts designated to the master trust. The impact of this discounting — by recharacterizing 1% of principal collections as finance charge collections — was to increase the reported revenue yield on the accounts by an amount ranging from 1.97% to 2.39%, with an average increase of 2.17%, during the 25 trust monthly reporting periods that discounting was in effect. This discounting was discontinued in accordance with the operative documents in April 2011 because the 3-month average excess spread was above 7% for each of the three preceding trust monthly reporting periods.

Cardholder Monthly Payment Rates

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

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

As of the most recent related billing date prior to December 30, 2012, 42.98% of the accounts had a credit balance or otherwise had no payment due, 25.59% of the cardholders paid their entire outstanding balance, 4.85% of the cardholders made only the minimum payment due, 3.18% of the cardholders paid an amount less than the minimum due (including no payment) and the remaining 23.40% of the cardholders paid an amount greater than the minimum due, but less than the entire outstanding balance.

Cardholder Monthly Payment Rates for the Accounts

	Year Ended December 26, 2012			Year Ended December 27, 2011			Year Ended December 28, 2010
Lowest Month		19.74	%		18.44	%		17.99	%
Highest Month		22.63	%		22.11	%		20.69	%
Average of the Months in the Period		21.56	%		20.48	%		19.15	%

Interchange

Credit card-issuing banks participating in the MasterCard International, VISA and American Express systems receive interchange or similar fee income — referred to herein as interchange — as compensation for performing issuer functions, including taking credit risk, absorbing certain fraud losses and funding receivables for a limited period before initial billing. Under the MasterCard International, VISA and American Express systems, interchange in connection with cardholder charges for merchandise and services is passed from banks or other entities which clear the transactions for merchants to credit

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card-issuing banks. Interchange generally ranges from approximately 1% to 2% of the transaction amount, but may be higher for some card products or transactions. Citibank is required to transfer to the master trust interchange attributed to cardholder charges for merchandise and services in the accounts. In general, interchange is allocated to the master trust on the basis of the ratio that the amount of cardholder charges for merchandise and services in the accounts bears to the total amount of cardholder charges for merchandise and services in the portfolio of credit card accounts maintained by Citibank. MasterCard International, VISA and American Express may change the amount of interchange reimbursed to banks issuing their credit cards.

The Credit Card Receivables

The receivables in the credit card accounts designated to the master trust as of December 30, 2012 included $594,106,959 of finance charge receivables and $51,594,599,104 of principal receivables—which amounts include overdue finance charge receivables and overdue principal receivables. As of December 30, 2012, there were 21,023,812 accounts. Included within the accounts are inactive accounts that have no balance. The accounts had an average principal receivable balance of $2,454 and an average credit limit of $13,819. The average principal receivable balance in the accounts as a percentage of the average credit limit with respect to the accounts was approximately 17.76%. 100% of the accounts were opened before June 2010.

As of December 30, 2012, 99.83% of the credit card receivables in the master trust represented obligations of cardholders with billing addresses in the United States. Of the accounts, as of December 30, 2012, the following percentages related to cardholders with billing addresses in the following states:

	Percentage of Total Number of  Accounts			Percentage of Total Outstanding  Receivables
California		13.73	%		14.04	%
New York		11.86	%		10.16	%
Texas		7.23	%		9.10	%
Florida		6.36	%		5.90	%
Illinois		5.37	%		6.04	%

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

As of December 30, 2012, 2.33% of the credit card receivables in the master trust related to small business revolving credit card accounts originated by Citibank. The receivables in the 219,040 small business credit card accounts designated to the master trust as of December 30, 2012 included $10,933,028 of finance charge receivables and $1,203,206,997 of principal receivables — which amounts include overdue finance charge receivables and overdue principal receivables.

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

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As of December 30, 2012, the small business credit card accounts designated to the master trust had an average principal receivable balance of $5,493 and an average credit limit of $32,053. The average principal receivable balance in the accounts as a percentage of the average credit limit with respect to the accounts was approximately 17.14%. 100% of the accounts were opened before June 2010. Of the accounts, as of December 30, 2012, 25.15% of the receivables related to obligors with billing addresses in California and 17.34% in Texas. No other state represents more than 10% of the outstanding receivables. As of December 30, 2012, 91.86% of the receivables in the accounts related to obligors with a FICO score greater than 660, and 96.58% of the receivables had a “current” payment status as of the most recent related billing date.

As of the most recent related billing date prior to December 30, 2012, 30.23% of the small business credit card accounts had a credit balance or otherwise had no payment due, 47.89% of the obligors paid their entire outstanding balance, 1.77% of the obligors made only the minimum payment due, 4.16% of the obligors paid an amount less than the minimum due (including no payment) and the remaining 15.96% of the obligors paid an amount greater than the minimum due, but less than the entire outstanding balance.

As of December 30, 2012, approximately 23.59% of the credit card receivables in the master trust related to credit cards issued under the Citibank/American Airlines AAdvantage co-brand program. Cardholders in the AAdvantage program receive benefits for the amounts charged on their AAdvantage cards, including frequent flyer miles in American Airlines’ frequent flyer program. Conditions that adversely affect the airline industry or American Airlines could adversely affect the usage and payment patterns of the AAdvantage cards. In addition, any future termination of the AAdvantage program could have an adverse effect on the payment rates and excess spread reported by the master trust.

As has been widely-reported, AMR Corporation and certain of its subsidiaries, including American Airlines, Inc. (collectively, AMR), filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in November 2011. On February 14, 2013, AMR and US Airways Group, Inc. announced that the boards of directors of both companies had approved a merger agreement under which the companies would be combined. The merger, which is conditioned upon, among other things, U.S. Bankruptcy Court approval, is expected to be completed in the third quarter of 2013. AMR has stated that American Airlines expects to maintain the AAdvantage frequent flyer program and normal flight schedules prior to the proposed merger. However, it is not certain when the bankruptcy and merger processes will be resolved, what the outcome will be, whether the AAdvantage frequent flyer program and normal flight schedules will continue to be maintained, particularly after the merger, whether or over what period the Citibank/American Airlines AAdvantage co-brand program will continue, or whether there will be an adverse effect on the co-brand program, including on performance of the AAdvantage cards or the related credit card receivables in the master trust.

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

The following tables summarize the credit card accounts designated to the master trust as of December 30, 2012 by various criteria. References to “Receivables Outstanding” in these tables include both finance charge receivables and principal receivables. Because the composition of the accounts will change in the future, these tables are not necessarily indicative of the future composition of the accounts.

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

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Composition of Accounts by Account Balance

			Percentage						Percentage
			of Total						of Total
	Number of		Number of			Receivables			Receivables
Account Balance	Accounts		Accounts			Outstanding			Outstanding
Credit Balance		179,495		0.85	%	$	(47,749,449	)		-0.09	%
No Balance		9,012,547		42.87			0			0.00
Less than or equal to $500.00		3,049,137		14.50			578,210,849			1.11
$500.01 to $1,000.00		1,328,744		6.32			976,594,663			1.87
$1,000.01 to $2,000.00		1,666,437		7.92			2,443,145,120			4.68
$2,000.01 to $3,000.00		1,096,788		5.22			2,713,501,646			5.20
$3,000.01 to $4,000.00		794,905		3.78			2,767,324,322			5.30
$4,000.01 to $5,000.00		617,226		2.94			2,768,766,110			5.31
$5,000.01 to $6,000.00		478,454		2.28			2,624,653,647			5.03
$6,000.01 to $7,000.00		391,723		1.86			2,541,780,149			4.87
$7,000.01 to $8,000.00		325,735		1.55			2,439,050,025			4.67
$8,000.01 to $9,000.00		277,224		1.32			2,353,965,703			4.51
$9,000.01 to $10,000.00		238,762		1.14			2,266,774,233			4.34
$10,000.01 to $15,000.00		741,067		3.52			9,047,148,282			17.34
$15,000.01 to $20,000.00		395,187		1.88			6,827,639,410			13.08
Over $20,000.00		430,381		2.05			11,887,901,353			22.78
Total		21,023,812		100.00	%	$	52,188,706,063			100.00	%

Composition of Accounts by Credit Limit

			Percentage					Percentage
			of Total					of Total
	Number of		Number of			Receivables		Receivables
Credit Limit	Accounts		Accounts			Outstanding		Outstanding
Less than or equal to $500.00		652,662		3.10	%	$	47,041,642		0.09	%
$500.01 to $1,000.00		511,239		2.43			111,434,431		0.21
$1,000.01 to $2,000.00		1,038,056		4.94			470,471,968		0.90
$2,000.01 to $3,000.00		897,358		4.27			680,799,240		1.30
$3,000.01 to $4,000.00		821,500		3.91			808,348,836		1.55
$4,000.01 to $5,000.00		1,000,473		4.76			1,081,489,896		2.07
$5,000.01 to $6,000.00		858,662		4.08			1,028,643,578		1.97
$6,000.01 to $7,000.00		862,498		4.10			1,141,028,314		2.19
$7,000.01 to $8,000.00		937,555		4.46			1,228,501,075		2.36
$8,000.01 to $9,000.00		945,230		4.50			1,357,826,408		2.60
$9,000.01 to $10,000.00		1,049,378		4.99			1,585,282,018		3.04
$10,000.01 to $15,000.00		4,137,578		19.68			7,641,460,283		14.64
$15,000.01 to $20,000.00		2,322,740		11.05			6,752,150,921		12.94
Over $20,000.00		4,988,883		23.73			28,254,227,453		54.14
Total		21,023,812		100.00	%	$	52,188,706,063		100.00	%

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Accounts presented in the table below as “Current” include accounts on which the minimum payment has not been received before the next billing date following the issuance of the related bill.

Composition of Accounts by Payment Status

Payment Status	Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding		Percentage of Total Receivables Outstanding
Current		20,673,628		98.34	%	$	50,018,270,374		95.84	%
Up to 34 days delinquent		195,991		0.93			976,600,561		1.87
35 to 64 days delinquent		48,514		0.23			316,107,736		0.61
65 to 94 days delinquent		35,624		0.17			271,655,919		0.52
95 to 124 days delinquent		29,533		0.14			246,651,443		0.47
125 to 154 days delinquent		21,157		0.10			184,599,897		0.35
155 to 184 days delinquent		19,365		0.09			174,820,133		0.34
Total		21,023,812		100.00	%	$	52,188,706,063		100.00	%

Composition of Accounts by Age

Age	Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding		Percentage of Total Receivables Outstanding
Less than or equal to 6 months		0		0.00	%	$	0		0.00	%
Over 6 months to 12 months		0		0.00			0		0.00
Over 12 months to 24 months		0		0.00			0		0.00
Over 24 months to 36 months		17,942		0.09			27,478,945		0.05
Over 36 months to 48 months		775,777		3.69			1,373,789,091		2.63
Over 48 months to 60 months		1,421,253		6.76			2,674,447,294		5.13
Over 60 months		18,808,840		89.46			48,112,990,733		92.19
Total		21,023,812		100.00	%	$	52,188,706,063		100.00	%

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The following table sets forth the composition of accounts by FICO^®* score as of December 30, 2012. A FICO score is a measurement determined by Fair, Isaac & Company using information collected by major credit bureaus to assess credit risk. A credit report is generally obtained from one or more credit bureaus for each application for a new account. Once a customer has been issued a card, Citibank refreshes the FICO score on most accounts on a monthly basis. Citibank generally does not refresh the FICO scores of closed accounts that have no balance and certain other categories of accounts. A FICO score of zero indicates that the FICO score of an account has not been refreshed for one of these reasons or that the customer did not have enough credit history for a FICO score to be calculated.

As of December 30, 2012, 86.45% of the receivables in the master trust related to obligors whose FICO score is greater than 660.

Composition of Accounts by FICO Score

FICO Score	Number of Accounts		Percentage of Total Number of Accounts			Receivables Outstanding		Percentage of Total Receivables Outstanding
0		3,808,790		18.12	%	$	338,911,181		0.65	%
001 to 599		431,679		2.05			2,024,331,771		3.88
600 to 639		487,677		2.32			2,275,342,520		4.36
640 to 660		470,583		2.24			2,431,054,154		4.66
661 to 679		639,340		3.04			3,647,010,909		6.99
680 to 699		903,983		4.30			5,572,130,726		10.68
700 to 719		1,104,177		5.25			6,613,895,465		12.67
720 to 739		1,184,727		5.64			6,194,513,212		11.87
740 to 759		1,297,953		6.17			5,590,764,374		10.71
760 to 800		3,217,786		15.31			8,507,774,665		16.30
801 and above		7,477,117		35.56			8,992,977,086		17.23
Total		21,023,812		100.00	%	$	52,188,706,063		100.00	%

* FICO^® is a registered trademark of Fair, Isaac & Company.

Billing and Payments

The credit card accounts have different billing and payment structures, including different periodic finance charges and fees. The following information reflects the current billing and payment characteristics of the accounts.

In general, each month billing statements are sent to cardholders. To the extent a cardholder has a balance due, the cardholder must make a minimum payment equal to the sum of any amount which is past due plus any amount which is in excess of the credit limit and, for most accounts, the greatest of the following:

• the new balance on the billing statement if it is less than $20, or $20, if the new balance is at least $20;

• 1% of the new balance plus the amount of any billed finance charges and any billed late fee; and

• 1.5% of the new balance.

10

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

As of the date of this Form 8-K:

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

• the periodic finance charge imposed on balances in most credit card accounts for cash advances is the sum of the Prime Rate and 21.99%; and

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

Promotional rates are offered from time to time to attract new cardholders and to promote balance transfers from other credit card issuers and the periodic finance charge on a limited number of accounts may be greater or less than those generally assessed on the accounts.

Most of the accounts are subject to additional fees, including:

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

• a cash advance fee which is generally equal to 5.0% of the amount of the cash advance, subject to a minimum fee of $10;

• a balance transfer fee of 5.0% of the amount transferred to the account, subject to a minimum fee of $10, unless otherwise disclosed in a particular offer;

• a fee on purchases made outside the United States, whether in U.S. dollars or a foreign currency, which is generally equal to 3.0% of the amount of the purchase, after its conversion into U.S. dollars;

• a returned payment fee of $25 (or up to $35 if a returned payment fee was assessed on the account during the previous six billing cycles); provided that the returned payment fee will not be greater than the required minimum payment associated with the returned payment; and

• a stop payment fee of $39, assessed if the cardholder requests that payment be stopped on a bank-issued convenience check.

11

There can be no assurance that periodic finance charges, fees and other charges will remain at current levels in the future.

Payments by cardholders on the accounts are processed and applied first to all minimum amounts due. Payments in excess of the minimum amount due generally are applied to balances associated with higher periodic rates before balances associated with lower periodic rates.

Recent Lump Additions and Removals

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

Lump Additions of Receivables Since January 2007

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

Citibank may from time to time remove credit card receivables from the master trust in lump removals. The table below presents the date, amount and percentage of the master trust portfolio of those lump removals made since January 2007 (calculated based on the principal amount of the lump removal and the balance of principal receivables in the master trust as of the end of its monthly reporting period immediately preceding the specified lump removal date).

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Lump Removals of Receivables Since January 2007

Lump Removal Date	Amount of Finance Charge Receivables		Amount of Principal Receivables		Total Receivables		Percentage of Outstanding Principal Receivables
December 15, 2007	$	2,100,834	$	403,237,237	$	405,338,071	0.52%
June 28, 2008	$	12,048,065	$	1,050,947,089	$	1,062,995,154	1.36%
November 29, 2008	$	2,585,026	$	160,923,947	$	163,508,973	0.21%
August 29, 2009	$	3,920,046	$	214,410,219	$	218,330,265	0.28%

In addition, Citibank from time to time removes inactive, zero balance accounts from the master trust in lump removals.

Static Pool Information

Static pool information is information relating to the master trust receivables, organized by year of origination of each related credit card account. Static pool information concerning losses, delinquencies, revenue yield and payment rate for the master trust receivables since January 2008 is set forth in the following tables. This information is organized by year of origination of the applicable account for each of the five most recent years, and for accounts originated more than five years ago. As of December 30, 2012, less than 10.54% of the accounts were originated within the last five years. There can be no assurance that the loss, delinquency, revenue yield and payment rate experience for the receivables in the future will be similar to the historical experience set forth below.

For purposes of the following tables, a “due period” for a particular month is the period beginning on the third to last business day of the prior month through and including the fourth to last business day of that month. The annualization factor for the percentages noted in the tables is 365 (or 366 in the case of a leap year) divided by the number of days in the due period. Thus, variation in the number of days in due periods can have a pronounced effect on the annualized percentages shown in the tables. In addition, static pool information is reported for new accounts only when those accounts are added to the master trust so no performance statistics are available for any period prior to the addition of the accounts to the master trust.

Net Losses

Net Losses reflect principal receivables balances that (1) have become 185 days delinquent or (2) are associated with bankruptcy filings, which are charged off within 30 days of notification. (Prior to a change in Citibank’s bankruptcy loss recognition practice in September 2009, balances were charged off within 10 days of notification of bankruptcy.) Net losses include principal recoveries. The net losses percentage shown in the tables below is calculated by dividing net principal charged off during the due period by the principal receivables balance as of the beginning of the due period. If there is a lump addition or lump removal of receivables during the due period, then the denominator is the weighted average principal receivables balance over the due period. The principal receivables balance shown in the table below does not include finance charges and is as of the beginning of the due period. If there is a lump addition or lump removal of receivables during the due period, then the balance shown is the weighted average principal receivables balance over the due period.

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Net Losses by Year of Account Origination

(by Monthly Due Period)

Year of Account Origination	Principal Receivables Dec 2012		Dec 2012			Nov 2012			Oct 2012			Sep 2012			Aug 2012			Jul 2012			Jun 2012			May 2012			Apr 2012			Mar 2012			Feb 2012			Jan 2012
2007 and earlier	$	47,563,736,883		3.71	%		3.79	%		4.03	%		3.99	%		3.82	%		4.26	%		3.73	%		5.23	%		5.95	%		4.85	%		5.37	%		5.26	%
2008		2,520,479,039		3.64			3.90			4.00			3.79			3.28			4.52			3.83			4.97			5.86			3.81			5.17			5.54
2009		1,292,677,418		4.08			3.69			4.35			3.73			3.07			4.83			3.94			4.64			5.33			4.27			5.29			5.11
2010		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2012		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total	$	51,376,893,340		3.72	%		3.80	%		4.03	%		3.98	%		3.78	%		4.28	%		3.74	%		5.20	%		5.93	%		4.79	%		5.36	%		5.27	%
Year of Account Origination			Dec 2011			Nov 2011			Oct 2011			Sep 2011			Aug 2011			Jul 2011			Jun 2011			May 2011			Apr 2011			Mar 2011			Feb 2011			Jan 2011
2006 and earlier				5.11	%		6.45	%		5.68	%		5.99	%		6.98	%		6.69	%		6.59	%		7.88	%		7.87	%		7.92	%		7.92	%		7.38	%
2007				5.19			6.08			5.67			5.38			6.94			6.37			5.96			7.66			8.31			8.19			8.92			8.95
2008				5.17			5.55			5.63			4.84			6.39			6.60			5.63			7.65			7.77			7.89			8.09			8.32
2009				4.88			5.41			4.98			4.63			5.77			5.48			4.94			6.14			6.21			6.31			6.52			6.61
2010				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total				5.11	%		6.36	%		5.66	%		5.87	%		6.92	%		6.64	%		6.47	%		7.81	%		7.85	%		7.89	%		7.95	%		7.49	%
Year of Account Origination			Dec 2010			Nov 2010			Oct 2010			Sep 2010			Aug 2010			Jul 2010			Jun 2010			May 2010			Apr 2010			Mar 2010			Feb 2010			Jan 2010
2005 and earlier				8.43	%		9.49	%		10.45	%		9.07	%		11.26	%		9.66	%		11.38	%		10.95	%		11.13	%		11.32	%		10.83	%		9.36	%
2006				7.70			8.63			9.03			8.62			10.61			10.31			12.01			12.55			12.50			12.94			13.37			11.54
2007				8.34			9.52			10.15			9.15			12.50			11.34			13.42			13.53			13.41			14.06			14.64			13.58
2008				8.34			9.60			9.85			9.01			10.86			10.17			12.13			12.81			12.28			14.47			15.40			13.53
2009				6.86			7.49			8.00			6.72			7.78			7.14			7.33			6.96			4.85			4.97			6.15			4.79
2010				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total				8.34	%		9.40	%		10.27	%		8.99	%		11.18	%		9.75	%		11.46	%		11.16	%		11.23	%		11.55	%		11.29	%		9.80	%
Year of Account Origination			Dec 2009			Nov 2009			Oct 2009			Sep 2009			Aug 2009			Jul 2009			Jun 2009			May 2009			Apr 2009			Mar 2009			Feb 2009			Jan 2009
2004 and earlier				9.06	%		9.72	%		8.26	%		9.66	%		11.36	%		9.29	%		9.61	%		9.72	%		9.39	%		8.87	%		8.35	%		6.25	%
2005				9.97			9.95			9.02			10.45			12.87			9.83			10.77			10.58			10.86			10.17			10.10			7.25
2006				11.49			11.74			10.06			11.89			13.91			12.05			12.85			12.71			12.74			12.49			12.04			9.12
2007				13.15			13.72			11.89			13.63			16.35			13.95			15.73			15.56			15.22			15.12			15.68			12.11
2008				13.64			15.23			13.18			13.77			18.90			17.33			17.87			16.35			15.53			13.11			18.06			11.72
2009				3.66			6.58			4.16			1.90			1.73			0.77			0.70			0.06			0.19			N/A			N/A			N/A
Total				9.56	%		10.29	%		8.79	%		10.15	%		12.14	%		10.03	%		10.51	%		10.50	%		10.21	%		9.66	%		9.33	%		6.95	%

14

Year of Account Origination	Dec 2008			Nov 2008			Oct 2008			Sep 2008			Aug 2008			Jul 2008			Jun 2008			May 2008			Apr 2008			Mar 2008			Feb 2008			Jan 2008
2003 and earlier		6.94	%		6.03	%		5.78	%		5.44	%		5.94	%		5.04	%		5.24	%		5.12	%		5.24	%		4.92	%		4.68	%		4.28	%
2004		8.02			7.08			6.41			6.29			6.68			5.89			6.41			5.57			6.22			5.91			5.43			4.93
2005		8.59			7.92			6.79			6.66			7.01			6.32			6.76			6.04			6.73			6.23			6.19			5.37
2006		10.60			9.43			8.39			8.30			8.80			7.91			8.45			7.64			8.71			8.74			7.98			7.60
2007		13.68			14.01			11.87			11.95			12.98			10.95			10.78			8.66			8.73			7.05			7.14			5.61
2008		11.10			11.73			7.39			4.00			1.58			0.66			0.44			0.27			0.13			N/A			N/A			N/A
Total		7.81	%		6.94	%		6.39	%		6.06	%		6.53	%		5.59	%		5.83	%		5.49	%		5.74	%		5.37	%		5.11	%		4.64	%

Delinquent Receivables that are 35 Days or More Past Due

Delinquencies include both principal and finance charge receivables. The monthly delinquencies 35+ days percentage shown in the tables below is calculated by dividing total receivables 35 days and more past due by the principal and finance charge receivables as of the last full weekend of the month. The receivables outstanding balance shown in the table below includes principal and finance charges and is as of the last full weekend of the month.

Delinquencies 35+ Days by Year of Account Origination

(by Monthly Period)

Year of Account Origination	Receivables Outstanding Dec 2012		Dec 2012			Nov 2012			Oct 2012			Sep 2012			Aug 2012			Jul 2012			Jun 2012			May 2012			Apr 2012			Mar 2012			Feb 2012			Jan 2012
2007 and earlier	$	48,308,421,387		2.27	%		2.36	%		2.36	%		2.27	%		2.30	%		2..36	%		2.43	%		2.53	%		2.70	%		2.92	%		3.06	%		3.12	%
2008		2,564,460,852		2.63			2.74			2.70			2.60			2.64			2.66			2.70			2.76			2.93			3.23			3.43			3.51
2009		1,315,823,824		2.41			2.54			2.50			2.35			2.41			2.42			2.48			2.55			2.64			2.87			3.05			3.10
2010		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2012		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total	$	52,188,706,063		2.29	%		2.39	%		2.38	%		2.29	%		2.32	%		2.38	%		2.44	%		2.54	%		2.71	%		2.94	%		3.08	%		3.14	%
Year of Account Origination			Dec 2011			Nov 2011			Oct 2011			Sep 2011			Aug 2011			Jul 2011			Jun 2011			May 2011			Apr 2011			Mar 2011			Feb 2011			Jan 2011
2006 and earlier				3.05	%		3.21	%		3.19	%		3.23	%		3.28	%		3.30	%		3.52	%		3.61	%		3.81	%		4.15	%		4.28	%		4.28	%
2007				3.85			4.03			4.02			4.09			4.10			4.14			4.34			4.40			4.67			5.13			5.32			5.45
2008				3.58			3.72			3.68			3.75			3.75			3.74			3.89			3.96			4.25			4.66			4.86			4.91
2009				3.10			3.20			3.18			3.19			3.17			3.15			3.22			3.20			3.37			3.62			3.70			3.70
2010				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total				3.11	%		3.28	%		3.26	%		3.30	%		3.35	%		3.39	%		3.57	%		3.66	%		3.87	%		4.22	%		4.35	%		4.35	%

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Year of Account Origination	Dec 2010			Nov 2010			Oct 2010			Sep 2010			Aug 2010			Jul 2010			Jun 2010			May 2010			Apr 2010			Mar 2010			Feb 2010			Jan 2010
2005 and earlier		4.30	%		4.58	%		4.62	%		4.81	%		4.83	%		5.17	%		5.32	%		5.45	%		5.68	%		5.88	%		5.73	%		5.51	%
2006		5.01			5.27			5.28			5.43			5.44			5.85			6.09			6.38			6.86			7.21			7.28			7.12
2007		5.61			5.86			5.89			6.08			6.06			6.50			6.79			7.07			7.58			8.01			8.01			7.86
2008		5.10			5.33			5.42			5.62			5.62			5.93			6.10			6.31			6.77			7.14			7.33			7.44
2009		3.78			3.97			3.98			4.04			3.95			4.07			4.03			3.91			3.81			3.61			3.22			2.90
2010		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total		4.44	%		4.71	%		4.74	%		4.93	%		4.95	%		5.29	%		5.44	%		5.59	%		5.85	%		6.07	%		5.95	%		5.75	%
Year of Account Origination	Dec 2009			Nov 2009			Oct 2009			Sep 2009			Aug 2009			Jul 2009			Jun 2009			May 2009			Apr 2009			Mar 2009			Feb 2009			Jan 2009
2004 and earlier		5.33	%		5.40	%		5.21	%		5.05	%		4.94	%		5.06	%		5.03	%		5.12	%		5.31	%		5.39	%		5.01	%		4.81	%
2005		5.85			6.02			5.91			5.78			5.64			5.88			5.85			5.93			6.17			6.38			5.95			5.73
2006		6.95			7.02			6.87			6.67			6.53			6.70			6.74			6.86			7.25			7.51			7.26			7.02
2007		7.80			8.05			8.01			7.90			7.72			7.90			7.91			8.10			8.62			8.93			9.04			8.85
2008		7.56			8.49			8.60			8.41			8.53			8.87			9.04			9.23			9.75			9.48			12.40			11.48
2009		2.66			5.07			4.74			4.20			4.78			3.75			2.89			1.78			1.22			0.25			N/A			N/A
Total		5.63	%		5.81	%		5.66	%		5.49	%		5.37	%		5.50	%		5.49	%		5.58	%		5.82	%		5.92	%		5.61	%		5.39	%
Year of Account Origination	Dec 2008			Nov 2008			Oct 2008			Sep 2008			Aug 2008			Jul 2008			Jun 2008			May 2008			Apr 2008			Mar 2008			Feb 2008			Jan 2008
2003 and earlier		4.49	%		4.32	%		4.02	%		3.85	%		3.64	%		3.52	%		3.55	%		3.50	%		3.52	%		3.59	%		3.57	%		3.50	%
2004		5.09			4.92			4.56			4.36			4.04			3.91			3.86			3.83			3.84			3.93			3.94			3.88
2005		5.46			5.35			5.04			4.80			4.53			4.39			4.35			4.26			4.32			4.44			4.50			4.45
2006		6.77			6.65			6.26			5.98			5.65			5.45			5.41			5.34			5.42			5.63			5.87			5.82
2007		8.58			8.98			8.53			8.02			7.79			7.29			7.16			7.08			7.03			6.48			6.13			5.63
2008		10.02			10.65			8.94			7.40			7.20			5.01			3.83			2.88			2.05			0.30			N/A			N/A
Total		5.10	%		4.93	%		4.59	%		4.36	%		4.11	%		3.94	%		3.92	%		3.85	%		3.86	%		3.91	%		3.89	%		3.80	%

Delinquent Receivables that are 95 Days or More Past Due

Delinquencies include both principal and finance charge receivables. The monthly delinquencies 95+ days percentage shown in the tables below is calculated by dividing total receivables 95 days and more past due by the principal and finance charge receivables as of the last full weekend of the month. The receivables outstanding balance shown in the table below includes principal and finance charges and is as of the last full weekend of the month.

16

Delinquencies 95+ Days by Year of Account Origination

(by Monthly Period)

Year of Account Origination	Receivables Outstanding Dec 2012		Dec 2012			Nov 2012			Oct 2012			Sep 2012			Aug 2012			Jul 2012			Jun 2012			May 2012			Apr 2012			Mar 2012			Feb 2012			Jan 2012
2007 and earlier	$	48,308,421,387		1.15	%		1.14	%		1.16	%		1.16	%		1.18	%		1.23	%		1.30	%		1.35	%		1.43	%		1.54	%		1.61	%		1.61	%
2008		2,564,460,852		1.34			1.34			1.34			1.33			1.34			1.36			1.42			1.47			1.60			1.73			1.83			1.84
2009		1,315,823,824		1.23			1.23			1.24			1.25			1.23			1.24			1.30			1.34			1.45			1.54			1.60			1.62
2010		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2012		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total	$	52,188,706,063		1.16	%		1.15	%		1.17	%		1.17	%		1.19	%		1.24	%		1.30	%		1.35	%		1.44	%		1.55	%		1.62	%		1.62	%
Year of Account Origination			Dec 2011			Nov 2011			Oct 2011			Sep 2011			Aug 2011			Jul 2011			Jun 2011			May 2011			Apr 2011			Mar 2011			Feb 2011			Jan 2011
2006 and earlier				1.48	%		1.54	%		1.57	%		1.59	%		1.64	%		1.69	%		1.82	%		1.90	%		1.98	%		2.15	%		2.26	%		2.24	%
2007				1.96			2.02			2.02			2.01			2.05			2.14			2.25			2.35			2.50			2.78			2.91			2.94
2008				1.81			1.86			1.87			1.84			1.85			1.89			2.03			2.14			2.31			2.50			2.66			2.65
2009				1.57			1.62			1.60			1.57			1.56			1.58			1.67			1.72			1.78			1.90			1.99			1.97
2010				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total				1.52	%		1.58	%		1.61	%		1.62	%		1.67	%		1.72	%		1.85	%		1.93	%		2.02	%		2.19	%		2.31	%		2.29	%
Year of Account Origination			Dec 2010			Nov 2010			Oct 2010			Sep 2010			Aug 2010			Jul 2010			Jun 2010			May 2010			Apr 2010			Mar 2010			Feb 2010			Jan 2010
2005 and earlier				2.18	%		2.29	%		2.32	%		2.49	%		2.53	%		2.77	%		2.86	%		2.94	%		2.90	%		2.99	%		3.03	%		2.95	%
2006				2.59			2.67			2.66			2.80			2.84			3.14			3.33			3.55			3.72			3.90			3.98			3.87
2007				2.91			3.02			3.02			3.13			3.15			3.53			3.74			4.00			4.08			4.25			4.35			4.34
2008				2.66			2.76			2.80			2.92			2.94			3.16			3.30			3.50			3.66			3.85			4.09			4.22
2009				1.94			2.04			2.04			2.10			2.04			2.14			2.10			2.08			1.94			1.69			1.48			1.39
2010				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total				2.26	%		2.36	%		2.39	%		2.55	%		2.59	%		2.83	%		2.93	%		3.03	%		3.02	%		3.12	%		3.17	%		3.10	%
Year of Account Origination			Dec 2009			Nov 2009			Oct 2009			Sep 2009			Aug 2009			Jul 2009			Jun 2009			May 2009			Apr 2009			Mar 2009			Feb 2009			Jan 2009
2004 and earlier				2.76	%		2.72	%		2.57	%		2.50	%		2.52	%		2.71	%		2.71	%		2.68	%		2.60	%		2.63	%		2.49			2.33	%
2005				3.11			3.16			2.99			2.92			2.92			3.20			3.20			3.20			3.11			3.21			3.06			2.90
2006				3.68			3.64			3.48			3.38			3.38			3.62			3.69			3.74			3.78			3.86			3.75			3.57
2007				4.27			4.34			4.18			4.04			4.02			4.31			4.35			4.46			4.58			4.72			4.79			4.61
2008				4.29			4.71			4.51			4.34			4.66			4.98			5.14			5.13			5.13			4.81			6.46			5.43
2009				1.42			2.84			2.16			1.60			2.46			1.44			0.69			0.12			0.00			0.00			N/A			N/A
Total				2.96	%		2.98	%		2.82	%		2.73	%		2.76	%		2.97	%		2.97	%		2.96	%		2.90	%		2.94	%		2.83	%		2.64	%

17

Year of Account Origination	Dec 2008			Nov 2008			Oct 2008			Sep 2008			Aug 2008			Jul 2008			Jun 2008			May 2008			Apr 2008			Mar 2008			Feb 2008			Jan 2008
2003 and earlier		2.12	%		2.05	%		1.88	%		1.81	%		1.75	%		1.73	%		1.75	%		1.75	%		1.72	%		1.73	%		1.71	%		1.66	%
2004		2.48			2.42			2.18			2.07			1.93			1.93			1.95			1.97			1.94			1.97			1.93			1.89
2005		2.67			2.66			2.48			2.35			2.22			2.17			2.20			2.21			2.22			2.25			2.24			2.20
2006		3.37			3.35			3.11			2.94			2.81			2.76			2.80			2.83			2.83			2.91			3.04			2.97
2007		4.41			4.68			4.29			3.99			3.93			3.74			3.75			3.72			3.56			3.08			3.04			2.61
2008		4.54			5.23			3.87			2.99			2.73			1.37			0.67			0.09			0.00			0.00			N/A			N/A
Total		2.44	%		2.39	%		2.18	%		2.06	%		1.98	%		1.93	%		1.94	%		1.94	%		1.91	%		1.91	%		1.89	%		1.82	%

Monthly Total Payment Rate

The monthly total payment rate is calculated by taking the sum of all principal and finance charge payments received from cardholders over the due period and dividing it by the principal and finance charge receivables balance as of the beginning of the due period. If there is a lump addition or lump removal of receivables during the due period, then the denominator is the weighted average principal and finance charge receivables balance over the due period. The principal and finance charge receivables balance shown in the table below is as of the beginning of the due period. If there is a lump addition or lump removal of receivables during the due period, then the balance shown is the weighted average principal and finance charge receivables balance over the due period.

Monthly Total Payment Rate by Year of Account Origination

(by Monthly Due Period)

Year of Account Origination	Principal and Finance Charge Receivables Dec 2012		Dec 2012			Nov 2012			Oct 2012			Sep 2012			Aug 2012			Jul 2012			Jun 2012			May 2012			Apr 2012			Mar 2012			Feb 2012			Jan 2012
2007 and earlier	$	47,820,850,399		21.27	%		21.80	%		22.57	%		20.61	%		22.63	%		21.92	%		21.98	%		21.50	%		20.65	%		21.95	%		19.69	%		21.80	%
2008		2,535,087,767		18.75			19.34			19.70			17.90			20.10			19.22			19.55			19.27			18.64			20.11			18.05			18.83
2009		1,299,665,256		25.12			26.26			26.65			24.18			27.36			26.14			26.62			26.30			25.64			27.62			24.58			25.97
2010		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2012		N/A		N/A			N/A			N/A			N/A			NA/			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total	$	51,655,603,422		21.24	%		21.79	%		22.53	%		20.57	%		22.63	%		21.89	%		21.98	%		21.51	%		20.67	%		22.00	%		19.74	%		21.76	%
Year of Account Origination			Dec 2011			Nov 2011			Oct 2011			Sep 2011			Aug 2011			Jul 2011			Jun 2011			May 2011			Apr 2011			Mar 2011			Feb 2011			Jan 2011
2006 and earlier				20.81	%		20.10	%		20.05	%		20.54	%		21.64	%		19.87	%		21.69	%		20.59	%		18.20	%		21.84	%		18.85	%		19.27	%
2007				21.73			21.00			20.91			21.84			22.87			21.01			22.93			21.72			19.90			23.81			20.01			19.93
2008				18.87			18.13			18.09			19.01			19.80			18.34			20.19			19.03			17.86			21.21			17.59			17.49
2009				25.99			24.97			25.09			26.27			27.27			25.77			28.48			26.89			25.28			30.02			25.32			25.58
2010				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total				20.89	%		20.17	%		20.13	%		20.67	%		21.75	%		20.00	%		21.85	%		20.73	%		18.44	%		22.11	%		19.01	%		19.37	%

18

Year of Account Origination	Dec 2010			Nov 2010			Oct 2010			Sep 2010			Aug 2010			Jul 2010			Jun 2010			May 2010			Apr 2010			Mar 2010			Feb 2010			Jan 2010
2005 and earlier		20.30	%		18.38	%		18.00	%		19.53	%		18.74	%		19.04	%		19.67	%		17.62	%		18.42	%		18.40	%		17.65	%		17.53	%
2006		23.17			21.16			21.10			22.53			21.85			22.38			23.28			21.01			22.07			22.01			20.85			20.27
2007		21.78			19.60			19.42			20.90			20.19			20.49			21.34			19.25			20.40			20.47			19.23			18.35
2008		19.46			17.42			17.33			18.82			18.27			18.69			19.52			17.75			19.20			19.52			18.20			17.53
2009		28.21			25.74			26.33			28.74			28.33			29.55			31.14			28.62			31.09			31.38			29.43			28.06
2010		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total		20.69	%		18.72	%		18.41	%		19.95	%		19.19	%		19.54	%		20.23	%		18.17	%		19.08	%		19.09	%		18.23	%		17.99	%
Year of Account Origination	Dec 2009			Nov 2009			Oct 2009			Sep 2009			Aug 2009			Jul 2009			Jun 2009			May 2009			Apr 2009			Mar 2009			Feb 2009			Jan 2009
2004 and earlier		18.69	%		16.02	%		17.39	%		17.40	%		16.90	%		18.71	%		17.41	%		15.83	%		17.25	%		17.64	%		16.58	%		17.89	%
2005		26.05			22.25			24.50			24.33			23.87			26.50			25.09			22.60			24.97			25.46			23.71			25.08
2006		22.53			19.17			21.03			20.80			20.46			22.67			21.14			19.10			21.20			21.74			20.26			21.50
2007		20.53			17.42			19.04			18.89			18.57			20.79			19.25			17.53			19.66			19.91			19.17			20.37
2008		18.89			17.31			19.57			17.55			21.48			24.25			23.08			20.48			24.02			18.56			27.72			30.10
2009		18.08			31.54			35.13			13.63			52.63			62.80			59.37			37.15			63.13			N/A			N/A			N/A
Total		19.42	%		16.89	%		18.42	%		18.04	%		17.90	%		19.87	%		18.53	%		16.75	%		18.39	%		18.47	%		17.65	%		19.00	%
Year of Account Origination	Dec 2008			Nov 2008			Oct 2008			Sep 2008			Aug 2008			Jul 2008			Jun 2008			May 2008			Apr 2008			Mar 2008			Feb 2008			Jan 2008
2003 and earlier		17.47	%		15.64	%		19.14	%		18.40	%		18.39	%		20.01	%		19.31	%		19.82	%		18.96	%		19.33	%		18.54	%		21.59	%
2004		20.79			18.49			23.02			22.07			22.36			24.06			24.40			24.41			23.61			24.10			22.91			26.70
2005		25.20			22.56			28.07			26.93			27.27			29.20			29.00			29.31			28.26			28.79			27.56			32.32
2006		21.81			19.37			24.39			23.27			23.49			25.15			24.58			25.57			24.92			25.14			25.11			29.24
2007		20.32			19.90			24.78			23.40			24.90			26.10			24.62			26.55			27.07			21.63			25.87			29.44
2008		21.97			28.23			34.06			23.45			33.47			32.33			28.91			27.93			45.50			N/A			N/A			N/A
Total		18.69	%		16.93	%		20.86	%		19.81	%		20.06	%		21.64	%		20.93	%		21.44	%		20.68	%		20.60	%		20.06	%		23.36	%

Revenue Yield

Revenue Yield is the sum of finance charges, fees paid by cardholders and interchange, less a 1.50% servicing fee payable only from interchange. Deductions for finance charge write-offs as well as re-investment income from funds in the interest funding account and the principal funding account are not reflected in revenue yield. The revenue yield percentage is computed by dividing revenue yield by the principal receivables balance as of the beginning of the due period. If there is a lump addition or lump removal of receivables during the due period, then the denominator is the weighted average principal receivables balance over the due period. The principal receivables balance shown in the table below does not include finance charges and is as of the beginning of the due period. If there is a lump addition or lump removal of receivables during the due period, then the balance shown is the weighted average principal receivables balance over the due period.

19

Revenue Yield by Year of Account Origination

(by Monthly Due Period)

Year of Account Origination	Principal Receivables Dec 2012		Dec 2012			Nov 2012			Oct 2012			Sep 2012			Aug 2012			Jul 2012			Jun 2012			May 2012			Apr 2012			Mar 2012			Feb 2012			Jan 2012
2007 and earlier	$	47,563,736,883		17.88	%		16.30	%		17.43	%		17.76	%		16.11	%		16.61	%		15.72	%		16.50	%		16.80	%		16.46	%		15.87	%		16.18	%
2008		2,520,479,039		15.26			14.09			14.78			15.26			13.90			14.23			13.65			14.44			14.78			14.35			13.76			14.03
2009		1,292,677,418		17.85			16.69			17.46			17.95			16.49			16.75			16.02			16.86			17.10			16.58			15.89			16.00
2010		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2012		N/A		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total	$	51,376,893,340		17.75	%		16.21	%		17.30	%		17.64	%		16.01	%		16.49	%		15.62	%		16.41	%		16.70	%		16.36	%		15.76	%		16.07	%
Year of Account Origination			Dec 2011			Nov 2011			Oct 2011			Sep 2011			Aug 2011			Jul 2011			Jun 2011			May 2011			Apr 2011			Mar 2011			Feb 2011			Jan 2011
2006 and earlier				15.89	%		16.36	%		16.68	%		15.22	%		16.48	%		16.11	%		15.69	%		17.03	%		15.86	%		19.26	%		19.54	%		18.36	%
2007				16.85			17.55			17.81			16.70			17.97			17.30			16.98			18.49			17.64			20.66			21.15			19.79
2008				14.04			14.56			14.66			13.71			14.86			14.48			14.14			15.28			14.46			17.18			17.39			16.27
2009				16.28			16.71			16.81			15.70			17.17			16.78			16.54			17.62			16.82			20.69			20.59			19.46
2010				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
2011				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total				15.86	%		16.34	%		16.64	%		15.23	%		16.49	%		16.10	%		15.71	%		17.03	%		15.91	%		19.26	%		19.55	%		18.36	%
Year of Account Origination			Dec 2010			Nov 2010			Oct 2010			Sep 2010			Aug 2010			Jul 2010			Jun 2010			May 2010			Apr 2010			Mar 2010			Feb 2010			Jan 2010
2005 and earlier				18.21	%		19.43	%		18.88	%		18.37	%		19.29	%		18.06	%		19.86	%		19.68	%		18.26	%		19.04	%		19.90	%		17.97	%
2006				19.44			20.77			20.34			19.86			21.16			19.89			21.59			21.28			20.09			20.98			21.80			19.99
2007				19.74			21.13			20.67			20.11			21.32			19.91			21.83			21.72			20.56			21.60			22.51			19.65
2008				16.49			17.65			17.22			16.92			18.08			17.11			18.95			18.97			18.21			19.21			20.18			18.00
2009				19.92			21.18			20.95			20.47			21.05			19.57			20.74			19.79			18.50			18.76			18.80			16.44
2010				N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
Total				18.32	%		19.55	%		19.03	%		18.52	%		19.48	%		18.24	%		20.04	%		19.84	%		18.48	%		19.28	%		20.13	%		18.14	%
Year of Account Origination			Dec 2009			Nov 2009			Oct 2009			Sep 2009			Aug 2009			Jul 2009			Jun 2009			May 2009			Apr 2009			Mar 2009			Feb 2009			Jan 2009
2004 and earlier				17.38	%		17.81	%		17.45	%		18.15	%		18.32	%		17.61	%		18.46	%		17.63	%		17.57	%		18.57	%		16.97	%		13.97	%
2005				19.48			19.75			19.40			20.49			20.75			20.01			20.86			20.15			20.12			21.39			18.95			15.08
2006				19.23			19.58			19.36			20.33			20.68			19.94			20.59			19.74			19.77			21.03			19.10			15.82
2007				18.85			19.30			18.92			20.16			20.58			19.79			20.49			19.80			19.76			20.95			20.04			16.33
2008				16.96			18.95			17.60			17.16			21.88			20.94			21.21			19.45			18.39			15.59			21.84			16.52
2009				8.09			20.65			19.11			6.51			30.13			29.42			28.59			16.91			25.80			N/A			N/A			N/A
Total				17.43	%		18.19	%		17.77	%		18.33	%		18.90	%		18.18	%		18.98	%		18.08	%		18.01	%		18.85	%		17.51	%		14.35	%

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Year of Account Origination	Dec 2008			Nov 2008			Oct 2008			Sep 2008			Aug 2008			Jul 2008			Jun 2008			May 2008			Apr 2008			Mar 2008			Feb 2008			Jan 2008
2003 and earlier		15.14	%		15.41	%		14.77	%		15.84	%		15.00	%		14.40	%		15.57	%		14.74	%		15.41	%		16.44	%		15.89	%		15.49	%
2004		14.85			14.94			14.35			15.80			14.81			14.38			15.98			14.80			15.42			16.53			15.93			15.60
2005		16.31			16.35			15.88			17.59			16.19			15.83			17.40			16.30			17.17			18.24			17.88			17.61
2006		17.23			17.31			16.65			18.04			17.18			16.36			17.59			16.81			17.68			18.62			19.05			18.54
2007		17.14			19.14			17.69			18.42			18.26			15.98			16.92			15.91			15.74			13.37			16.19			14.95
2008		14.98			21.30			17.63			14.70			18.84			13.82			13.94			9.23			16.43			N/A			N/A			N/A
Total		15.42	%		15.86	%		15.13	%		16.18	%		15.42	%		14.67	%		15.88	%		14.97	%		15.66	%		16.46	%		16.20	%		15.78	%

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GLOSSARY OF TERMS

“accounts” means the portfolio of revolving credit card accounts established and supplemented in accordance with the pooling and servicing agreement.

“additional accounts” consist of newly originated eligible accounts to be included as accounts and accounts relating to any lump additions.

“Citibank” means Citibank, N.A., a national banking association and successor by merger to Citibank (South Dakota), National Association. References to “Citibank” in this Form 8-K include Citibank’s predecessor, Citibank (South Dakota), to the extent the context requires.

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

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

“lump addition” means the designation of additional eligible accounts to be included as accounts pursuant to Section 2.09(a) or (b) of the pooling and servicing agreement.

“master trust” means Citibank Credit Card Master Trust I.

“pooling and servicing agreement” means the Second Amended and Restated Pooling and Servicing Agreement dated as of August 9, 2011, between Citibank, N.A., as Seller and Servicer, and Deutsche Bank Trust Company Americas, as trustee, including all amendments thereto.

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

“receivables” means all amounts shown on the servicer’s records as amounts payable by the person or persons obligated to make payments with respect to the accounts.

“Receivables Outstanding” as defined on page 7.

“trust monthly reporting period” means, with respect to a particular month, the period beginning on the third to last business day of the prior month through and including the fourth to last business day of that month.

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# # #

Certain statements contained herein are “forward-looking statements” within the meaning of the rules and regulations of the Securities and Exchange Commission. Generally, forward-looking statements are not based on historical facts but instead represent only the beliefs of Citibank, N.A. regarding future events. Such statements may be identified by words such as “believe”, “expect”, “anticipate”, “intend”, “estimate”, “may increase”, “may fluctuate” and similar expressions, or future or conditional verbs such as “will”, “should”, “would” and “could”. These statements are based on the current expectations of Citibank and are subject to uncertainty and changes in circumstances. Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in these forward-looking statements. In particular, forward-looking statements contained herein are based on certain estimates of cardholder preferences, industry competition, general economic conditions and other matters which cannot be predicted with certainty. You should not put undue reliance on any forward-looking statements, which speak only as of the date on which they were made.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CITIBANK, N.A.,
	as Depositor of Citibank Credit Card Issuance Trust and Citibank Credit Card Master Trust I
	(Registrant)
By:	/s/ Douglas C. Morrison
	Douglas C. Morrison
	Vice President

Dated: February 19, 2013

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