Citigroup (C) 8-K Citigroup Reports Second Quarter Net Income of $5.07 Billion Second Quarter Eps of $0.97

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Exhibit 99.2

CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT

				Page Number
Citigroup Consolidated
	Financial Summary			1
	Segment Income:
		Product View		2
		Regional View		3
	Segment Net Revenues:
		Product View		4
		Regional View		5
	Consolidated Statement of Income			6
	Consolidated Balance Sheet			7
Segment Detail
	Global Consumer:
		Cards
			Global Cards	8
			North America Cards	9-10
			International Cards	11
		Consumer Finance
			Global Consumer Finance	12
			North America Consumer Finance	13
			International Consumer Finance	14
		Retail Banking
			Global Retail Banking	15
			North America Retail Banking	16-17
			International Retail Banking	18-19
	Corporate and Investment Banking:
		Income Statement		20
		Revenue Details		21
		Capital Markets and Banking		22
		Transaction Services		23
	Global Wealth Management:
		Smith Barney		24
		Private Bank		25
	Alternative Investments			26
Citigroup Supplemental Detail
	Discontinued Operations			27
	Segment Balance Sheet			28
	Return on Capital			29
	Consumer Loan Delinquency Amounts, Net Credit Losses and Ratios			30
	Allowance for Credit Losses:
		Total Citigroup		31
		Consumer Loans		32
		Corporate Loans		33
	Non-Performing Assets			34

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

Citigroup, the leading global financial services company, has more than 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions a complete range of financial products and services.

	1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)	Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Income from Continuing Operations	$	4,964		$	916		$	5,026		$	5,148		$	5,115		$	4,731		NM	$	5,880		$	9,846		67	%
Discontinued Operations, After-tax		309			228			282			173			326			342				537			668
Net Income	$	5,273		$	1,144		$	5,308		$	5,321		$	5,441		$	5,073		NM	$	6,417		$	10,514		64	%
Basic Earnings Per Share:
Income from Continuing Operations	$	0.97		$	0.18		$	0.98		$	1.00		$	0.99		$	0.92		NM	$	1.15		$	1.91		66	%
Net Income	$	1.03		$	0.22		$	1.03		$	1.04		$	1.06		$	0.99		NM	$	1.25		$	2.04		63	%
Weighted average common shares applicable to Basic EPS		5,095.6			5,100.5			5,112.3			5,120.3			5,133.3			5,119.1				5,098.1			5,126.2
Preferred Dividends—Basic	$	17		$	17		$	17		$	17		$	17		$	17			$	34		$	34
Diluted Earnings Per Share:
Income from Continuing Operations	$	0.95		$	0.17		$	0.96		$	0.98		$	0.98		$	0.91		NM	$	1.12		$	1.88		68	%
Net Income	$	1.01		$	0.22		$	1.02		$	1.02		$	1.04		$	0.97		NM	$	1.23		$	2.01		63	%
Adjusted weighted average common shares applicable to Diluted EPS		5,203.1			5,201.3			5,205.6			5,219.5			5,226.0			5,208.1				5,202.2			5,217.1
Preferred Dividends—Diluted	$	17		$	17		$	17		$	17		$	17		$	17			$	34		$	34
Common Shares Outstanding, at period end		5,171.5			5,180.3			5,189.8			5,194.6			5,202.2			5,170.1				5,180.3			5,170.1
Tier 1 Capital Ratio		8.96	%		8.16	%		8.37	%		8.74	%		8.78	%		8.6	%*			8.16	%		8.6	%*
Total Capital Ratio		12.25	%		11.31	%		11.49	%		11.85	%		12.03	%		11.8	%*			11.31	%		11.8	%*
Leverage Ratio		5.40	%		4.88	%		5.01	%		5.20	%		5.19	%		5.1	%*			4.88	%		5.1	%*
Total Assets, at period end (in billions)	$	1,317.6		$	1,396.6		$	1,436.6		$	1,484.1		$	1,489.9		$	1,547.8	*		$	1,396.6		$	1,547.8	*
Stockholders' Equity, at period end (in billions)	$	101.9		$	98.3		$	103.4		$	109.3		$	110.5		$	113.0	*		$	98.3		$	113.0	*
Equity and Trust Securities, at period end (in billions)	$	108.2		$	104.5		$	110.2		$	115.5		$	116.9		$	119.5	*		$	104.5		$	119.5	*
Book Value Per Share, at period end	$	19.48		$	18.76		$	19.70		$	20.82		$	21.03		$	21.65	*		$	18.76		$	21.65	*
Return on Common Equity (Net Income)		21.3	%		4.6	%		21.3	%		20.1	%		20.3	%		18.4	%			13.1	%		19.3	%
Return on Risk Capital (Income from Continuing Operations)		46	%		8	%		42	%		43	%		40	%		36	%			26	%		38	%

*

Preliminary

NM    Not meaningful

1

CITIGROUP—NET INCOME
PRODUCT VIEW
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Global Consumer:
	Cards		$	980		$	1,012		$	1,267		$	1,441		$	1,086		$	1,067		5%		$	1,992		$	2,153		8%
	Consumer Finance			567		��	594			643			584			629			646		9%			1,161			1,275		10%
	Retail Banking			1,168			1,192			1,271			1,173			1,309			1,241		4%			2,360			2,550		8%
	Other(1)			(94	)		304			(62	)		(53	)		(181	)		(57	)	NM			210			(238	)	NM
		Total Global Consumer		2,621			3,102			3,119			3,145			2,843			2,897		(7%	)		5,723			5,740		—
Corporate and Investment Banking:
	Capital Markets and Banking			1,477			1,502			1,159			1,257			1,439			1,043		(31%	)		2,979			2,482		(17%	)
	Transaction Services			235			262			286			262			245			288		10%			497			533		7%
	Other(1)(2)			(4	)		(4,569	)		7			168			(5	)		41		NM			(4,573	)		36		NM
		Total Corporate and Investment Banking		1,708			(2,805	)		1,452			1,687			1,679			1,372		NM			(1,097	)		3,051		NM
Global Wealth Management:
	Smith Barney			252			211			198			230			197			239		13%			463			436		(6%	)
	Private Bank(3)			159			152			136			(129	)		122			83		(45%	)		311			205		(34%	)
Total Global Wealth Management				411			363			334			101			319			322		(11%	)		774			641		(17%	)
Alternative Investments				33			278			117			340			362			385		38%			311			747		NM
Corporate / Other				191			(22	)		4			(125	)		(88	)		(245	)	NM			169			(333	)	NM
Income From Continuing Operations				4,964			916			5,026			5,148			5,115			4,731		NM			5,880			9,846		67%
Discontinued Operations(4)(5)				309			228			282			173			326			342					537			668
Net Income			$	5,273		$	1,144		$	5,308		$	5,321		$	5,441		$	5,073		NM		$	6,417		$	10,514		64%

(1)

The 2004 second quarter includes a $756 million after-tax gain ($378 million in Consumer Other and $378 million in CIB Other) related to the sale of The Samba Financial Group (Samba).

(2)

The 2004 second quarter includes a $4.95 billion after-tax charge related to the WorldCom Settlement and increase in Litigation Reserves.

(3)

The 2004 fourth quarter includes a $244 million after-tax charge related to the exit plan implementation for the Company's Private Bank operations in Japan.

(4)

Discontinued Operations includes the operations from the Company's January 31, 2005 announced agreement for the sale of Citigroup's Travelers Life & Annuity, and substantially all of Citigroup's international insurance business, to MetLife, Inc. The transaction closed on July 1, 2005.

(5)

Discontinued Operations includes the operations from the Company's June 24, 2005 announced agreement for the sale of substantially all of Citigroup's Asset Management business to Legg Mason, Inc.

The transaction is subject to certain domestic and international regulatory approvals, as well as other customary conditions to closing and is expected to close during the 2005 fourth quarter.

NM Not meaningful

Reclassified to conform to the current period's presentation.

2

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

			1Q 2004		2Q 2004			3Q 2004		4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
North America (excluding Mexico)(1)
	Global Consumer		$	1,748	$	1,785		$	2,123	$	2,071		$	1,905		$	1,798		1	%	$	3,533		$	3,703		5	%
	Corporate and Investment Banking			746		(4,244	)		501		807			893			462		NM			(3,498	)		1,355		NM
	Global Wealth Management			315		282			272		310			273			315		12	%		597			588		(2	%)
		Total North America (excluding Mexico)		2,809		(2,177	)		2,896		3,188			3,071			2,575		NM			632			5,646		NM
Mexico
	Global Consumer			228		235			249		267			277			368		57	%		463			645		39	%
	Corporate and Investment Banking			94		184			198		183			83			76		(59	%)		278			159		(43	%)
	Global Wealth Management			16		12			13		11			13			10		(17	%)		28			23		(18	%)
		Total Mexico		338		431			460		461			373			454		5	%		769			827		8	%
Europe, Middle East and Africa (EMEA)
	Global Consumer			203		601			154		224			121			122		(80	%)		804			243		(70	%)
	Corporate and Investment Banking			265		662			124		85			188			336		(49	%)		927			524		(43	%)
	Global Wealth Management			9		4			4		(2	)		(1	)	��	3		(25	%)		13			2		(85	%)
		Total EMEA		477		1,267			282		307			308			461		(64	%)		1,744			769		(56	%)
Japan
	Global Consumer			142		147			164		163			175			188		28	%		289			363		26	%
	Corporate and Investment Banking			93		87			91		63			48			54		(38	%)		180			102		(43	%)
	Global Wealth Management			26		19			3		(253	)		(8	)		(45	)	NM			45			(53	)	NM
		Total Japan		261		253			258		(27	)		215			197		(22	%)		514			412		(20	%)
Asia (excluding Japan)
	Global Consumer			247		280			332		328			311			341		22	%		527			652		24	%
	Corporate and Investment Banking			308		321			309		352			322			249		(22	%)		629			571		(9	%)
	Global Wealth Management			35		34			33		23			35			31		(9	%)		69			66		(4	%)
		Total Asia		590		635			674		703			668			621		(2	%)		1,225			1,289		5	%
Latin America
	Global Consumer			53		54			97		92			54			80		48	%		107			134		25	%
	Corporate and Investment Banking			202		185			229		197			145			195		5	%		387			340		(12	%)
	Global Wealth Management			10		12			9		12			7			8		(33	%)		22			15		(32	%)
		Total Latin America		265		251			335		301			206			283		13	%		516			489		(5	%)
Alternative Investments				33		278			117		340			362			385		38	%		311			747		NM
Corporate / Other				191		(22	)		4		(125	)		(88	)		(245	)	NM			169			(333	)	NM
Income From Continuing Operations				4,964		916			5,026		5,148			5,115			4,731		NM			5,880			9,846		67	%
	Discontinued Operations			309		228			282		173			326			342					537			668
Net Income			$	5,273	$	1,144		$	5,308	$	5,321		$	5,441		$	5,073		NM	��	$	6,417		$	10,514		64	%

(1)

Excludes Alternative Investments and Corporate / Other which are predominantly related to North America.

NM    Not meaningful

Reclassified to conform to the current period's presentation.

3

CITIGROUP—NET REVENUES
PRODUCT VIEW
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004		Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Global Consumer:
	Cards		$	4,598		$	4,467		$	4,602		$	4,654		$	4,576		$	4,451		—		$	9,065	$	9,027		—
	Consumer Finance			2,688			2,677			2,631			2,765			2,750			2,713		1	%		5,365		5,463		2	%
	Retail Banking			4,381			4,514			4,661			4,733			5,011			4,873		8	%		8,895		9,884		11	%
	Other			(16	)		557			(24	)		(1	)		(219	)		(30	)	NM			541		(249	)	NM
		Total Global Consumer		11,651			12,215			11,870			12,151			12,118			12,007		(2	%)		23,866		24,125		1	%
Corporate and Investment Banking:
	Capital Markets and Banking			4,531			4,495			3,733			4,347			4,899			3,965		(12	%)		9,026		8,864		(2	%)
	Transaction Services			942			987			1,045			1,104			1,137			1,191		21	%		1,929		2,328		21	%
	Other			1			585			2			14			1			—		(100	%)		586		1		(100	%)
		Total Corporate and Investment Banking		5,474			6,067			4,780			5,465			6,037			5,156		(15	%)		11,541		11,193		(3	%)
Global Wealth Management:
	Smith Barney			1,732			1,582			1,528			1,643			1,669			1,647		4	%		3,314		3,316		—
	Private Bank			573			505			482			484			504			453		(10	%)		1,078		957		(11	%)
		Total Global Wealth Management		2,305			2,087			2,010			2,127			2,173			2,100		1	%		4,392		4,273		(3	%)
Alternative Investments				191			545			297			670			866			1,112		NM			736		1,978		NM
Corporate / Other				311			(59	)		(219	)		(303	)		2			(206	)	NM			252		(204	)	NM
Total Net Revenues			$	19,932		$	20,855		$	18,738		$	20,110		$	21,196		$	20,169		(3	%)	$	40,787	$	41,365		1	%
Managed Basis Net Revenues(1)			$	21,257		$	22,145		$	19,988		$	21,324		$	22,362		$	21,485		(3	%)	$	43,402	$	43,847		1	%

(1)

Segment net revenues disclosed above are prepared on an owned basis in accordance with Generally Accepted Accounting Principles (GAAP). The managed basis disclosures treat the receivables as if they had not been securitized and are still on our balance sheet, reflecting the interest revenue and expense associated with the portfolio, as well as the credit costs incurred. Although a managed basis presentation is not in conformity with GAAP, the Company believes it provides a representation of performance and key indicators of the credit card business that is consistent with the way the business is managed. For a reconciliation of managed basis revenue to GAAP revenues, see the Cards business on page 8.

NM    Not meaningful

Reclassified to conform to the current period's presentation.

4

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

			1Q 2004		2Q 2004			3Q 2004			4Q 2004			1Q 2005		2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004		Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
North America (excluding Mexico)(1)
	Global Consumer		$	7,778	$	7,618		$	7,776		$	7,704		$	7,759	$	7,473		(2	%)	$	15,396	$	15,232		(1	%)
	Corporate and Investment Banking			2,302		2,560			1,848			2,251			2,779		1,948		(24	%)		4,862		4,727		(3	%)
	Global Wealth Management			1,915		1,765			1,718			1,843			1,872		1,852		5	%		3,680		3,724		1	%
		Total North America (excluding Mexico)		11,995		11,943			11,342			11,798			12,410		11,273		(6	%)		23,938		23,683		(1	%)
Mexico
	Global Consumer			853		842			906			1,007			960		1,055		25	%		1,695		2,015		19	%
	Corporate and Investment Banking			204		137			199			230			159		170		24	%		341		329		(4	%)
	Global Wealth Management			38		34			35			31			31		31		(9	%)		72		62		(14	%)
		Total Mexico		1,095		1,013			1,140			1,268			1,150		1,256		24	%		2,108		2,406		14	%
Europe, Middle East and Africa (EMEA)
	Global Consumer			1,152		1,776			1,143			1,251			1,249		1,255		(29	%)		2,928		2,504		(14	%)
	Corporate and Investment Banking			1,562		2,067			1,352			1,531			1,694		1,708		(17	%)		3,629		3,402		(6	%)
	Global Wealth Management			80		72			68			71			71		71		(1	%)		152		142		(7	%)
		Total EMEA		2,794		3,915			2,563			2,853			3,014		3,034		(23	%)		6,709		6,048		(10	%)
Japan
	Global Consumer			815		812			822			841			821		827		2	%		1,627		1,648		1	%
	Corporate and Investment Banking			227		204			226			160			180		187		(8	%)		431		367		(15	%)
	Global Wealth Management			83		58			33			26			22		(15	)	NM			141		7		(95	%)
		Total Japan		1,125		1,074			1,081			1,027			1,023		999		(7	%)		2,199		2,022		(8	%)
Asia (excluding Japan)
	Global Consumer			824		944			998			1,046			1,072		1,116		18	%		1,768		2,188		24	%
	Corporate and Investment Banking			857		770			823			958			915		761		(1	%)		1,627		1,676		3	%
	Global Wealth Management			131		102			102			97			119		111		9	%		233		230		(1	%)
		Total Asia		1,812		1,816			1,923			2,101			2,106		1,988		9	%		3,628		4,094		13	%
Latin America
	Global Consumer			229		223			225			302			257		281		26	%		452		538		19	%
	Corporate and Investment Banking			322		329			332			335			310		382		16	%		651		692		6	%
	Global Wealth Management			58		56			54			59			58		50		(11	%)		114		108		(5	%)
		Total Latin America		609		608			611			696			625		713		17	%		1,217		1,338		10	%
Alternative Investments				191		545			297			670			866		1,112		NM			736		1,978		NM
Corporate/Other				311		(59	)		(219	)		(303	)		2		(206	)	NM			252		(204	)	NM
Total Net Revenues			$	19,932	$	20,855		$	18,738		$	20,110		$	21,196	$	20,169		(3	%)	$	40,787	$	41,365		1	%

(1)

Excludes Alternative Investments and Corporate / Other which are predominantly related to North America.

NM Not meaningful

Reclassified to conform to the current period's presentation.

5

CITIGROUP CONSOLIDATED STATEMENT OF INCOME
(In millions of dollars)

			1Q 2004		2Q 2004			3Q 2004		4Q 2004		1Q 2005		2Q 2005		2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004		Six Months 2005		YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Revenues
	Loan interest, including fees		$	10,769	$	10,794		$	11,018	$	11,215	$	11,273	$	11,486	6	%	$	21,563	$	22,759	6	%
	Other interest and dividends			4,328		4,627			5,181		5,751		6,262		6,981	51	%		8,955		13,243	48	%
	Insurance premiums			648		636			668		774		735		793	25	%		1,284		1,528	19	%
	Commissions and fees			4,139		4,308			3,305		4,229		4,209		3,978	(8	%)		8,447		8,187	(3	%)
	Principal transactions			1,311		1,062			400		943		2,215		844	(21	%)		2,373		3,059	29	%
	Asset management and administration fees			1,389		1,325			1,353		1,458		1,508		1,491	13	%		2,714		2,999	11	%
	Realized gains (losses) from sales of investments			129		218			303		183		243		455	NM			347		698	NM
	Other revenue			1,683		2,856			2,383		2,253		2,175		2,809	(2	%)		4,539		4,984	10	%
		Total revenues		24,396		25,826			24,611		26,806		28,620		28,837	12	%		50,222		57,457	14	%
		Interest expense		4,464		4,971			5,873		6,696		7,424		8,668	74	%		9,435		16,092	71	%
		Total revenues, net of interest expense		19,932		20,855			18,738		20,110		21,196		20,169	(3	%)		40,787		41,365	1	%
Benefits, Claims, and Credit Losses
	Policyholder benefits and claims			227		223			206		228		217		212	(5	%)		450		429	(5	%)
	Provision for loan losses			2,230		1,588			1,029		1,386		1,813		1,720	8	%		3,818		3,533	(7	%)
	Provision for unfunded lending commitments			—		—			—		—		—		100	—			—		100	—
		Total benefits, claims, and credit losses		2,457		1,811			1,235		1,614		2,030		2,032	12	%		4,268		4,062	(5	%)
Operating Expenses
	Compensation and benefits			5,701		5,704			5,415		6,111		6,482		6,036	6	%		11,405		12,518	10	%
	Net occupancy expense			1,055		1,215			1,229		1,292		1,242		1,272	5	%		2,270		2,514	11	%
	Technology/communication expense			852		887			916		869		867		885	—			1,739		1,752	1	%
	Advertising and marketing expense			594		643			661		755		641		620	(4	%)		1,237		1,261	2	%
	Other operating			1,974		9,723			1,958		2,228		2,172		2,159	(78	%)		11,697		4,331	(63	%)
		Total operating expenses		10,176		18,172			10,179		11,255		11,404		10,972	(40	%)		28,348		22,376	(21	%)
Income from Continuing Operations before Income Taxes and Minority Interest				7,299		872			7,324		7,241		7,762		7,165	NM			8,171		14,927	83	%
Provision (benefit) for income taxes				2,271		(83	)		2,229		2,047		2,484		2,179	NM			2,188		4,663	NM
Minority interest, net of income taxes				64		39			69		46		163		255	NM			103		418	NM
Income from Continuing Operations				4,964		916			5,026		5,148		5,115		4,731	NM			5,880		9,846	67	%
Discontinued Operations(1)(2)
	Income from Discontinued Operations			441		359			358		288		483		493				800		976
	Provision for income taxes			132		131			76		115		157		151				263		308
Income from Discontinued Operations, net				309		228			282		173		326		342				537		668
Net Income			$	5,273	$	1,144		$	5,308	$	5,321	$	5,441	$	5,073	NM		$	6,417	$	10,514	64	%

(1)

Discontinued Operations includes the operations from the Company's January 31, 2005 announced agreement for the sale of Citigroup's Travelers Life & Annuity, and substantially all of Citigroup's international insurance business, to MetLife, Inc. The transaction closed on July 1, 2005.

(2)

Discontinued Operations includes the operations from the Company's June 24, 2005 announced agreement for the sale of substantially all of Citigroup's Asset Management business to Legg Mason, Inc. The transaction is subject to certain domestic and international regulatory approvals, as well as other customary conditions to closing and is expected to close during the 2005 fourth quarter.

NM Not meaningful

Reclassified to conform to the current period's presentation.

6

CITIGROUP CONSOLIDATED BALANCE SHEET
(In millions of dollars)

		March 31, 2004			June 30, 2004			September 30, 2004			December 31, 2004			March 31, 2005			June 30, 2005 (1)			June 30, 2005 vs. December 31, 2004 Inc (Decr)
Assets
Cash and due from banks (including segregated cash and other deposits)		$	23,104		$	26,462		$	25,483		$	23,556		$	25,620		$	28,942		23%
Deposits at interest with banks			23,104			24,710			23,407			23,889			28,568			31,322		31%
Federal funds sold and securities borrowed or purchased under agreements to resell			184,089			194,594			208,159			200,739			202,099			232,369		16%
Brokerage receivables			35,159			41,494			37,987			39,273			40,747			42,977		9%
Trading account assets			232,227			245,037			264,227			280,167			272,841			281,035		—
Investments			203,311			205,245			205,632			213,243			167,589			165,587		(22%	)
Loans, net of unearned income
Consumer			383,678			398,558			408,376			435,226			430,008			433,057		—
Corporate			100,438			112,859			112,309			113,603			117,651			123,987		9%
Loans, net of unearned income			484,116			511,417			520,685			548,829			547,659			557,044		1%
Allowance for credit losses			(12,506	)		(12,715	)		(12,034	)		(11,269	)		(10,894	)		(10,418	)	8%
Total loans, net			471,610			498,702			508,651			537,560			536,765			546,626		2%
Goodwill			28,549			30,215			30,809			31,992			32,076			32,235		1%
Intangible assets			13,953			14,525			16,192			15,271			15,572			13,894		(9%	)
Reinsurance recoverables			4,598			4,683			4,722			4,783			818			808		(83%	)
Separate and variable accounts			28,841			29,474			29,839			32,264			1,225			1,320		(96%	)
Other assets			69,046			81,427			81,446			81,364			70,893			76,305		(6%	)
Assets of discontinued operations held for sale			—			—			—			—			95,078			94,424		NM
Total assets		$	1,317,591		$	1,396,568		$	1,436,554		$	1,484,101		$	1,489,891		$	1,547,844		4%
Liabilities
	Non-interest-bearing deposits in U.S. offices	$	30,078		$	31,654		$	30,785		$	31,533		$	32,840		$	32,133		2%
	Interest-bearing deposits in U.S. offices		151,124			153,237			156,802			161,113			166,141			166,004		3%
	Non-interest-bearing deposits in offices outside the U.S.		25,730			27,182			27,420			28,379			29,930			31,281		10%
	Interest-bearing deposits in offices outside the U.S.		292,257			312,327			319,444			341,056			339,963			343,156		1%
Total deposits			499,189			524,400			534,451			562,081			568,874			572,574		2%
Federal funds purchased and securities loaned or sold under agreements to repurchase			179,743			202,940			217,157			209,555			217,599			252,774		21%
Brokerage payables			37,271			42,524			41,986			50,208			52,088			53,600		7%
Trading account liabilities			127,076			132,247			137,078			135,487			120,511			133,807		(1%	)
Contractholder funds and separate and variable accounts			60,618			62,237			63,341			68,801			1,621			1,670		(98%	)
Insurance policy and claims reserves			17,871			18,007			18,416			19,177			4,994			5,034		(74%	)
Investment banking and brokerage borrowings			26,159			26,459			27,697			25,799			30,433			24,727		(4%	)
Short-term borrowings			40,705			40,917			35,506			30,968			32,271			38,257		24%
Long-term debt			178,588			189,071			198,713			207,910			207,935			211,346		2%
Other liabilities (2)			48,487			59,455			58,843			64,824			56,656			56,806		(12%	)
Liabilities of discontinued operations held for sale			—			—			—			—			86,373			84,212		NM
Total liabilities			1,215,707			1,298,257			1,333,188			1,374,810			1,379,355			1,434,807		4%
Stockholders' equity
Preferred Stock			1,125			1,125			1,125			1,125			1,125			1,125		—
Common Stock			55			55			55			55			55			55		—
Additional paid-in capital			18,407			18,519			18,685			18,851			19,884			20,177		7%
Retained earnings			96,659			95,707			98,930			102,154			105,269			108,026		6%
Treasury stock			(11,442	)		(11,135	)		(10,814	)		(10,644	)		(10,475	)		(12,299	)	(16%	)
Accumulated other changes in equity from nonowner sources			(122	)		(3,338	)		(2,424	)		(304	)		(1,681	)		(1,030	)	NM
Unearned compensation			(2,798	)		(2,622	)		(2,191	)		(1,946	)		(3,641	)		(3,017	)	(55%	)
Total stockholders' equity			101,884			98,311			103,366			109,291			110,536			113,037		3%
Total liabilities and stockholders' equity		$	1,317,591		$	1,396,568		$	1,436,554		$	1,484,101		$	1,489,891		$	1,547,844		4%

(1)

Preliminary.

(2)

Includes allowance for credit losses for letters of credit and unfunded lending commitments of $600 million for the first, second, third and fourth quarters of 2004, respectively, and $600 and $700 million in the first and second quarters of 2005, respectively.

NM Not meaningful

Reclassified to conform to the current period's presentation.

7

GLOBAL CONSUMER
CARDS
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	4,598		$	4,467		$	4,602		$	4,654		$	4,576		$	4,451		—		$	9,065		$	9,027		—
Effect of Securitization Activities				1,325			1,290			1,250			1,214			1,166			1,316		2	%		2,615			2,482		(5	%)
	Adjusted Revenues, Net of Interest Expense(1)			5,923			5,757			5,852			5,868			5,742			5,767		0	%		11,680			11,509		(1	%)
Total Operating Expenses				1,938			1,964			2,053			2,134			2,077			2,089		6	%		3,902			4,166		7	%
	Net Credit Losses{a}			1,229			1,083			892			936			915			797		(26	%)		2,312			1,712		(26	%)
	Effect of Securitization Activities			1,325			1,290			1,250			1,214			1,166			1,316		2	%		2,615			2,482		(5	%)
		Adjusted Net Credit Losses(1)		2,554			2,373			2,142			2,150			2,081			2,113		(11	%)		4,927			4,194		(15	%)
	Specific and General Credit Reserve Build / (Release){a}			(1	)		(68	)		(246	)		(429	)		(5	)		18		NM			(69	)		13		NM
Total Provision for Loan Losses (Sum of {a})				1,228			1,015			646			507			910			815		(20	%)		2,243			1,725		(23	%)
Income Before Taxes and Minority Interest				1,432			1,488			1,903			2,013			1,589			1,547		4	%		2,920			3,136		7	%
Income Taxes and Minority Interest				452			476			636			572			503			480		1	%		928			983		6	%
Net Income			$	980		$	1,012		$	1,267		$	1,441		$	1,086		$	1,067		5	%	$	1,992		$	2,153		8	%
Average Assets (in billions of dollars)			$	95		$	94		$	96		$	96		$	96		$	91		(3	%)	$	95		$	94		(1	%)
Return on Assets				4.15	%		4.33	%		5.25	%		5.97	%		4.59	%		4.70	%				4.22	%		4.62	%
Return on Managed Assets				2.32	%		2.42	%		2.96	%		3.26	%		2.47	%		2.46	%				2.34	%		2.49	%
Average Risk Capital			$	5,513		$	5,439		$	5,205		$	5,300		$	7,233		$	7,613		40	%	$	5,476		$	7,423		36	%
Return on Risk Capital				71	%		75	%		97	%		108	%		61	%		56	%				73	%		58	%
Return on Invested Capital				24	%		25	%		31	%		36	%		25	%		24	%				24	%		24	%
KEY INDICATORS (in billions of dollars):
Net Credit Margin (in millions of dollars)(2)			$	3,369		$	3,384		$	3,710		$	3,718		$	3,661		$	3,654		8	%	$	6,753		$	7,315		8	%
	% of Average Managed Loans			8.83	%		8.94	%		9.53	%		9.22	%		9.21	%		9.31	%				8.88	%		9.25	%
Managed Net Interest Revenue (in millions of dollars)(1)			$	4,793		$	4,556		$	4,537		$	4,467		$	4,364		$	4,245		(7	%)	$	9,349		$	8,609		(8	%)
	% of Average Managed Loans			12.56	%		12.03	%		11.66	%		11.07	%		10.98	%		10.81	%				12.30	%		10.89	%
End of Period Managed Loans			$	151.9		$	154.4		$	157.3		$	165.7		$	158.3		$	158.0		2	%
EOP Open Accounts (in millions)				144.5			149.9			149.8			150.0			149.7			148.6		(1	%)
Purchase Sales(3)			$	71.3		$	78.6		$	79.8		$	86.4		$	77.9		$	86.8		10	%	$	149.9		$	164.7		10	%
Managed Average Yield				14.27	%		13.87	%		13.69	%		13.53	%		13.88	%		14.07	%
Average Managed Loans:
	Securitized		$	75.9		$	75.6		$	76.2		$	83.7		$	86.5		$	87.7		16	%	$	75.8		$	87.1		15	%
	Held for Sale			—			2.1			7.4			2.9			0.2			0.6		(71	%)		1.1			0.4		(64	%)
	On Balance Sheet			63.1			59.2			55.5			56.8			56.6			51.0		(14	%)		61.1			53.8		(12	%)
	North America Managed			139.0			136.9			139.1			143.4			143.3			139.3		2	%		138.0			141.3		2	%
	International			14.5			15.4			15.7			17.1			17.9			18.2		18	%		14.9			18.1		21	%
		Total Managed	$	153.5		$	152.3		$	154.8		$	160.5		$	161.2		$	157.5		3	%	$	152.9		$	159.4		4	%
Managed Net Credit Losses (in millions of dollars):
	Securitized		$	1,325		$	1,244		$	1,122		$	1,174		$	1,162		$	1,307		5	%	$	2,569		$	2,469		(4	%)
	Held for Sale			—			46			128			40			4			9		(80	%)		46			13		(72	%)
	On Balance Sheet			1,089			958			731			801			779			669		(30	%)		2,047			1,448		(29	%)
	North America Managed			2,414			2,248			1,981			2,015			1,945			1,985		(12	%)		4,662			3,930		(16	%)
	International			140			125			161			135			136			128		2	%		265			264		—
		Total Managed	$	2,554		$	2,373		$	2,142		$	2,150		$	2,081		$	2,113		(11	%)	$	4,927		$	4,194		(15	%)
Coincident Managed Net Credit Loss Ratio				6.69	%		6.27	%		5.50	%		5.33	%		5.23	%		5.38	%
12 Month Lagged Managed Net Credit Loss Ratio				8.10	%		7.66	%		6.74	%		5.94	%		5.50	%		5.57	%
Loans 90+Days Past Due (in millions of dollars)			$	3,152		$	2,808		$	2,842		$	2,944		$	2,753		$	2,634		(6	%)
	% of EOP Managed Loans			2.08	%		1.82	%		1.81	%		1.78	%		1.74	%		1.67	%

(1)

The abbreviated income statement presented above is prepared on a managed basis (a non-GAAP measure), and includes the effect of securitizations in Adjusted Revenues, Net of Interest Expense and Adjusted Net Credit Losses. This income statement reconciles to Net Income which is a GAAP measure. Securitization changes Citigroup's role from that of a lender to that of a loan servicer and removes the receivables from Citigroup's balance sheet. For securitized receivables, amounts that would otherwise be reported as net interest revenue, fee and commission revenue, and credit losses are replaced by the contractual servicing and excess servicing fees earned. However, Citigroup's exposure to credit losses on the securitized receivables is contractually limited to the cash flows from the receivables. The managed basis disclosures treat the receivables as if they had not been securitized and are still on the Company's balance sheet, with related income statement amounts reported as net interest revenue, fee and commission revenue, and credit losses. Although a managed basis presentation is not in conformity with GAAP, the Company believes it provides a representation of performance and key indicators of the credit card business that is consistent with the way management reviews operating performance and allocates resources. Furthermore, investors utilize information about the credit quality of the entire managed portfolio as the results of both the held and securitized portfolios impact the overall performance of the Cards business.

(2)

Total Revenues, net of Interest Expense, less Adjusted Net Credit Losses. Previously reported as Risk Adjusted Revenue.

(3)

Purchase Sales represents cutomers' purchased sales plus cash advances.

Reclassified to conform to the current period's presentation.

8

GLOBAL CONSUMER
CARDS
NORTH AMERICA CARDS—Page 1
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense(1)			$	3,859		$	3,686		$	3,815		$	3,756		$	3,740		$	3,581		(3	%)	$	7,545		$	7,321		(3	%)
Effect of Securitization Activities				1,325			1,290			1,250			1,214			1,166			1,316		2	%		2,615			2,482		(5	%)
	Adjusted Revenues, Net of Interest Expense(2)			5,184			4,976			5,065			4,970			4,906			4,897		(2	%)		10,160			9,803		(4	%)
Total Operating Expenses				1,533			1,518			1,616			1,649			1,590			1,607		6	%		3,051			3,197		5	%
	Net Credit Losses(a)			1,089			958			731			801			779			669		(30	%)		2,047			1,448		(29	%)
	Effect of Securitization Activities			1,325			1,290			1,250			1,214			1,166			1,316		2	%		2,615			2,482		(5	%)
		Adjusted Net Credit Losses(2)		2,414			2,248			1,981			2,015			1,945			1,985		(12	%)		4,662			3,930		(16	%)
	Specific and General Credit Reserve Build/(Release)(a)			—			(59	)		(161	)		(420	)		—			21		NM			(59	)		21		NM
Total Provision for Loan Losses (Sum of(a))				1,089			899			570			381			779			690		(23	%)		1,988			1,469		(26	%)
Income Before Taxes and Minority Interest				1,237			1,269			1,629			1,726			1,371			1,284		1	%		2,506			2,655		6	%
Income Taxes and Minority Interest				405			419			562			536			460			423		1	%		824			883		7	%
Net Income			$	832		$	850		$	1,067		$	1,190		$	911		$	861		1	%	$	1,682		$	1,772		5	%
Average Assets (in billions of dollars)			$	80		$	78		$	79		$	78		$	76		$	71		(9	%)	$	79		$	74		(6	%)
Return on Assets				4.18	%		4.38	%		5.37	%		6.07	%		4.86	%		4.86	%				4.28	%		4.83	%
Return on Managed Assets				2.17	%		2.25	%		2.77	%		3.00	%		2.34	%		2.24	%				2.18	%		2.30	%
KEY INDICATORS (in billions of dollars)
Net Credit Margin (NCM)(3)			$	2,770		$	2,728		$	3,084		$	2,955		$	2,961		$	2,912		7	%	$	5,498		$	5,873		7	%
	NCM as a % of Average Managed Loans			8.02	%		8.01	%		8.82	%		8.20	%		8.38	%		8.38	%				8.01	%		8.38	%
EOP Open Accounts (in millions)				128.5			129.1			128.9			129.3			128.7			127.1		(2	%)
Purchase Sales (4)			$	60.2		$	66.1		$	66.7		$	71.6		$	63.9		$	72.2		9	%	$	126.3		$	136.1		8	%
Average Managed Loans			$	139.0		$	136.9		$	139.1		$	143.4		$	143.3		$	139.3		2	%	$	138.0		$	141.3		2	%
Managed Average Yield				14.24	%		13.83	%		13.60	%		13.39	%		13.77	%		14.01	%
Adjusted Revenues, Net of Interest Expense(2):
	U.S. and Canada		$	4,978		$	4,782		$	4,837		$	4,728		$	4,637		$	4,590		(4	%)	$	9,760		$	9,227		(5	%)
	Mexico			206			194			228			242			269			307		58	%		400			576		44	%
		Total	$	5,184		$	4,976		$	5,065		$	4,970		$	4,906		$	4,897		(2	%)	$	10,160		$	9,803		(4	%)
Net Income:
	U.S. and Canada		$	735		$	762		$	965		$	1,100		$	784		$	736		(3	%)	$	1,497		$	1,520		2	%
	Mexico			97			88			102			90			127			125		42	%		185			252		36	%
		Total	$	832		$	850		$	1,067		$	1,190		$	911		$	861		1	%	$	1,682		$	1,772		5	%

(1)

The 2005 first quarter and 2005 second quarter includes releases of $129 million and $132 million from the allowance for credit losses related to loan receivables that have been securitized during the quarter.

(2)

The abbreviated income statement presented above is prepared on a managed basis (a non-GAAP measure), and includes the effect of securitizations in Adjusted Revenues, Net of Interest Expense and Adjusted Net Credit Losses. This income statement reconciles to Net Income which is a GAAP measure. For a discussion of managed basis reporting see the Cards business on Page 8.

(3)

Total Revenues, net of Interest Expense, less Adjusted Net Credit Losses. Previously reported as Risk Adjusted Revenue.

(4)

Purchase Sales represents cutomers' purchased sales plus cash advances.

NM Not meaningful

Reclassified to conform to the current period's presentation.

9

GLOBAL CONSUMER
CARDS
NORTH AMERICA CARDS—Page 2
(In millions of dollars)

		1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)	Six Months 2004		Six Months 2005		YTD 2005 vs. YTD 2004 Increase/ (Decrease)
SUPPLEMENTAL DISCLOSURE:
End of Period Managed Loans:
	Bankcards	$	112.1		$	112.9		$	115.2		$	121.7		$	115.8		$	114.5		1%
	Private Label		25.2			25.8			26.0			26.1			24.7			25.3		(2%)
	Total	$	137.3		$	138.7		$	141.2		$	147.8		$	140.5		$	139.8		1%
Managed Net Interest Revenue (in millions of dollars):(1)
	Bankcards	$	3,108		$	2,953		$	2,904		$	2,934		$	2,844		$	2,782		(6%)	$	6,061	$	5,626	(7	%)
	Private Label		1,230			1,140			1,163			1,035			1,030			970		(15%)		2,370		2,000	(16	%)
	Total	$	4,338		$	4,093		$	4,067		$	3,969		$	3,874		$	3,752		(8%)	$	8,431	$	7,626	(10	%)
	% of Average Managed Loans:
	Bankcards		11.01	%		10.65	%		10.19	%		9.93	%		9.77	%		9.76	%
	Private Label		19.46	%		18.07	%		17.98	%		15.88	%		16.51	%		15.54	%
	Total		12.56	%		12.03	%		11.63	%		11.01	%		10.96	%		10.80	%
Managed Net Credit Losses (in millions of dollars):
	Bankcards	$	1,864		$	1,705		$	1,523		$	1,543		$	1,514		$	1,593		(7%)	$	3,569	$	3,107	(13	%)
	Private Label		550			543			458			472			431			392		(28%)		1,093		823	(25	%)
	Total	$	2,414		$	2,248		$	1,981		$	2,015		$	1,945		$	1,985		(12%)	$	4,662	$	3,930	(16	%)
Coincident Managed Net Credit Loss Ratio:
	Bankcards		6.60	%		6.15	%		5.34	%		5.22	%		5.20	%		5.59	%
	Private Label		8.70	%		8.61	%		7.08	%		7.24	%		6.91	%		6.28	%
	Total		6.99	%		6.61	%		5.66	%		5.59	%		5.50	%		5.71	%
12 Month Lagged Managed Net Credit Loss Ratio			8.43	%		8.02	%		6.93	%		6.15	%		5.68	%		5.82	%
Loans 90+Days Past Due (In millions of dollars):
	Bankcards	$	2,048		$	1,817		$	1,816		$	1,919		$	1,795		$	1,698		(7%)
	Private Label		843			748			777			748			684			672		(10%)
	Total	$	2,891		$	2,565		$	2,593		$	2,667		$	2,479		$	2,370		(8%)
% of EOP Managed Loans:
	Bankcards		1.83	%		1.61	%		1.58	%		1.58	%		1.55	%		1.48	%
	Private Label		3.35	%		2.90	%		2.99	%		2.87	%		2.77	%		2.66	%
	Total		2.10	%		1.85	%		1.84	%		1.80	%		1.76	%		1.70	%

(1)

The abbreviated income statement on page 9 is prepared on a managed basis (a non-GAAP measure), and includes the effect of securitizations in Adjusted Revenues, Net of Interest Expense and Adjusted Net Credit Losses. This income statement reconciles to Net Income which is a GAAP measure. For a discussion of managed basis reporting see the Cards business on Page 8.

NM Not meaningful

Reclassified to conform to the current period's presentation.

10

GLOBAL CONSUMER
CARDS
INTERNATIONAL CARDS
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense
	EMEA		$	295		$	286		$	281		$	296		$	294		$	286		—			581			580		—
	Japan			68			73			74			80			73			76		4	%		141			149		6	%
	Asia (excluding Japan)			322			362			378			410			401			423		17	%		684			824		20	%
	Latin America			54			60			54			112			68			85		42	%		114			153		34	%
	Total Revenues, Net of Interest Expense			739			781			787			898			836			870		11	%		1,520			1,706		12	%
Total Operating Expenses				405			446			437			485			487			482		8	%		851			969		14	%
	Net Credit Losses			140			125			161			135	��		136			128		2	%		265			264		—
	Specific and General Credit Reserve Build / (Release)			(1	)		(9	)		(85	)		(9	)		(5	)		(3	)	67	%		(10	)		(8	)	20	%
Total Provision for Loan Losses				139			116			76			126			131			125		8	%		255			256		—
Income Before Taxes and Minority Interest				195			219			274			287			218			263		20	%		414			481		16	%
Income Taxes and Minority Interest				47			57			74			36			43			57		—			104			100		(4	%)
Net Income			$	148		$	162		$	200		$	251		$	175		$	206		27	%	$	310		$	381		23	%
Average Assets (in billions of dollars)			$	15		$	16		$	17		$	18		$	20		$	20		25	%	$	16		$	20		25	%
Return on Assets				3.97	%		4.07	%		4.68	%		5.55	%		3.55	%		4.13	%				3.90	%		3.84	%
Net Income by Region:
	EMEA		$	38		$	36		$	36		$	55		$	32		$	34		(6	%)		74			66		(11	%)
	Japan			21			22			26			31			17			17		(23	%)		43			34		(21	%)
	Asia (excluding Japan)			71			82			110			113			101			117		43	%		153			218		42	%
	Latin America			18			22			28			52			25			38		73	%		40			63		58	%
	Total		$	148		$	162		$	200		$	251		$	175		$	206		27	%	$	310		$	381		23	%
KEY INDICATORS (in billions of dollars)
Net Credit Margin (in millions of dollars)(1)			$	599		$	656		$	626		$	763		$	700		$	742		13	%	$	1,255		$	1,442		15	%
	% of Average Loans			16.61	%		17.13	%		15.86	%		17.75	%		15.86	%		16.35	%				16.94	%		16.07	%
Net Interest Revenue (in millions of dollars)			$	455		$	463		$	470		$	498		$	490		$	493		6	%	$	918		$	983		7	%
	% of Average Loans			12.62	%		12.09	%		11.91	%		11.59	%		11.10	%		10.86	%				12.39	%		10.95	%
Managed Average Yield				14.50	%		14.14	%		14.45	%		14.69	%		14.71	%		14.48	%
End of Period Loans			$	14.6		$	15.7		$	16.1		$	17.9		$	17.8		$	18.2		16	%
EOP Open Accounts (in millions)				16.0			20.8			20.9			20.7			21.0			21.5		4	%
Purchase Sales(2)			$	11.1		$	12.5		$	13.1		$	14.8		$	14.0		$	14.6		17	%	$	23.6		$	28.6		21	%
Average Loans:
	EMEA		$	5.5		$	5.5		$	5.4		$	5.8		$	6.1		$	6.3		15	%	$	5.5		$	6.2		13	%
	Japan			1.2			1.2			1.2			1.4			1.3			1.3		8	%		1.2			1.3		8	%
	Asia (excluding Japan)			7.3			8.2			8.6			9.3			9.8			9.9		21	%		7.8			9.9		27	%
	Latin America			0.5			0.5			0.5			0.6			0.7			0.7		40	%		0.4			0.7		75	%
		Total	$	14.5		$	15.4		$	15.7		$	17.1		$	17.9		$	18.2		18	%	$	14.9		$	18.1		21	%
Coincident Net Credit Loss Ratio				3.85	%		3.25	%		4.09	%		3.16	%		3.08	%		2.84	%
12 Month Lagged Net Credit Loss Ratio				4.85	%		4.24	%		5.08	%		3.89	%		3.78	%		3.33	%
Loans 90+Days Past Due (in millions of dollars)			$	261		$	243		$	249		$	277		$	274		$	264		9	%
	% of EOP Loans			1.80	%		1.55	%		1.55	%		1.55	%		1.54	%		1.45	%

(1)

Total Revenues, net of Interest Expense, less Adjusted Net Credit Losses. Previously reported as Risk Adjusted Revenue.

(2)

Purchase Sales represents cutomers' purchased sales plus cash advances.

NM Not meaningful

Reclassified to conform to the current period's presentation.

11

GLOBAL CONSUMER
CONSUMER FINANCE
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	2,688		$	2,677		$	2,631		$	2,765		$	2,750		$	2,713		1	%	$	5,365		$	5,463		2	%
Total Operating Expenses				923			873			853			951			960			886		1	%		1,796			1,846		3	%
	Net Credit Losses			870			857			832			872			797			784		(9	%)		1,727			1,581		(8	%)
	Specific and General Credit Reserve Build / (Release)			1			(5	)		(70	)		—			(17	)		1		NM			(4	)		(16	)	NM
	Provision for Benefits & Claims			45			42			24			38			37			39		(7	%)		87			76		(13	%)
Total Provisions for Benefits, Claims and Loan Losses				916			894			786			910			817			824		(8	%)		1,810			1,641		(9	%)
Income Before Taxes				849			910			992			904			973			1,003		10	%		1,759			1,976		12	%
Income Taxes				282			316			349			320			344			357		13	%		598			701		17	%
Net Income			$	567		$	594		$	643		$	584		$	629		$	646		9	%	$	1,161		$	1,275		10	%
Average Assets (in billions of dollars)			$	111		$	110		$	113		$	117		$	119		$	117		6	%	$	111		$	118		6	%
Return on Assets				2.05	%		2.17	%		2.26	%		1.99	%		2.14	%		2.21	%				2.10	%		2.18	%
Average Risk Capital			$	3,710		$	3,798		$	3,675		$	3,704		$	3,876		$	3,855		2	%	$	3,754		$	3,866		3	%
Return on Risk Capital				61	%		63	%		70	%		63	%		66	%		67	%				62	%		67	%
Return on Invested Capital				22	%		21	%		23	%		21	%		23	%		24	%				21	%		23	%
KEY INDICATORS:
Average Loans (in billions of dollars):
	Real estate secured loans		$	56.4		$	56.7		$	58.6		$	61.2		$	62.0		$	60.9		7	%	$	56.6		$	61.5		9	%
	Personal loans			24.5			24.4			24.6			25.7			25.7			25.6		5	%		24.5			25.7		5	%
	Auto			11.4			11.5			11.6			11.8			11.8			12.0		4	%		11.5			11.9		3	%
	Sales finance and other			5.8			5.2			5.1			5.4			5.4			5.2		—			5.4			5.2		(4	%)
		Total	$	98.1		$	97.8		$	99.9		$	104.1		$	104.9		$	103.7		6	%	$	98.0		$	104.3		6	%
Average Yield				13.14	%		13.09	%		12.83	%		12.70	%		12.76	%		12.80	%
Average Net Interest Margin				10.16	%		10.19	%		9.68	%		9.81	%		9.84	%		9.71	%
Net Credit Margin (NCM)(1)			$	1,818		$	1,820		$	1,799		$	1,893		$	1,953		$	1,929		6	%	$	3,638		$	3,882		7	%
	NCM as a % of Average Loans			7.45	%		7.48	%		7.16	%		7.23	%		7.55	%		7.46	%				7.47	%		7.51	%
Net Credit Loss Ratio				3.57	%		3.52	%		3.31	%		3.33	%		3.08	%		3.03	%
Loans 90+ Days Past Due (in millions of dollars)			$	2,127		$	1,948		$	1,938		$	2,014		$	1,875		$	1,726		(11	%)
	% of EOP Loans			2.15	%		1.96	%		1.91	%		1.90	%		1.80	%		1.70	%
Number of Sales Points:
	North America Branches			2,759			2,608			2,624			2,642			2,669			2,685		3	%
	International Branches			940			997			1,039			969			1,011			1,060		6	%
	Japan Automated Loan Machines			382			380			419			512			523			588		55	%
		Total		4,081			3,985			4,082			4,123			4,203			4,333		9	%

(1)

Total Revenues, net of Interest Expense, less Net Credit Losses.

NM Not meaningful

Reclassified to conform to the current period's presentation.

12

GLOBAL CONSUMER
CONSUMER FINANCE
NORTH AMERICA CONSUMER FINANCE
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	1,835		$	1,806		$	1,753		$	1,850		$	1,845		$	1,795		(1	%)	$	3,641		$	3,640		—
Total Operating Expenses				587			536			512			567			547			532		(1	%)		1,123			1,079		(4	%)
	Net Credit Losses			529			515			487			534			486			467		(9	%)		1,044			953		9	%
	Specific and General Credit Reserve Build / (Release)			1			(5	)		(45	)		—			(17	)		—		100	%		(4	)		(17	)	NM
	Provision for Benefits & Claims			44			41			24			38			38			40		(2	%)		85			78		(8	%)
Total Provisions for Benefits, Claims and Loan Losses				574			551			466			572			507			507		(8	%)		1,125			1,014		(10	%)
Income Before Taxes				674			719			775			711			791			756		5	%		1,393			1,547		11	%
Income Taxes				230			262			281			266			291			279		6	%		492			570		16	%
Net Income			$	444		$	457		$	494		$	445		$	500		$	477		4	%	$	901		$	977		8	%
Average Assets (in billions of dollars)			$	85		$	85		$	88		$	91		$	93		$	92		8	%	$	85		$	93		9	%
Return on Assets				2.10	%		2.16	%		2.23	%		1.95	%		2.18	%		2.08	%				2.13	%		2.12	%
KEY INDICATORS:
Average Loans (in billions of dollars):
	Real estate secured loans		$	49.6		$	49.9		$	51.4		$	53.1		$	53.7		$	52.7		6	%	$	49.6		$	53.2		7	%
	Personal loans			12.2			12.3			12.6			12.9			12.9			12.9		5	%		12.3			12.9		5	%
	Auto			10.0			10.3			10.6			10.9			11.0			11.4		11	%		10.2			11.2		10	%
	Sales finance and other			4.5			4.4			4.3			4.5			4.6			4.5		2	%		4.5			4.6		2	%
		Total	$	76.3		$	76.9		$	78.9		$	81.4		$	82.2		$	81.5		6	%	$	76.6		$	81.9		7	%
Average Yield				11.93	%		11.78	%		11.50	%		11.33	%		11.42	%		11.32	%
Average Net Interest Margin				8.69	%		8.52	%		7.99	%		8.19	%		8.23	%		8.00	%
Net Credit Margin (NCM)(1)			$	1,306		$	1,291		$	1,266		$	1,316		$	1,359		$	1,328		3	%	$	2,597		$	2,687		3	%
	NCM as a % of Average Loans			6.88	%		6.75	%		6.38	%		6.43	%		6.70	%		6.54	%				6.82	%		6.62	%
Net Credit Loss Ratio				2.79	%		2.69	%		2.46	%		2.61	%		2.40	%		2.30	%
Loans 90+ Days Past Due (in millions of dollars)			$	1,589		$	1,444		$	1,479		$	1,525		$	1,399		$	1,254		(13	%)
	% of EOP Loans			2.06	%		1.84	%		1.84	%		1.84	%		1.71	%		1.57	%
Number of Branches:
	North America (excluding Mexico)			2,597			2,446			2,450			2,452			2,452			2,452		—
	Mexico			162			162			174			190			217			233		44	%
		Total		2,759			2,608			2,624			2,642			2,669			2,685		3	%

(1)

Total Revenues, net of Interest Expense, less Net Credit Losses.

NM Not meaningful

Reclassified to conform to the current period's presentation.

13

GLOBAL CONSUMER
CONSUMER FINANCE
INTERNATIONAL CONSUMER FINANCE
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	853		$	871		$	878		$	915		$	905		$	918		5	%	$	1,724		$	1,823		6	%
Total Operating Expenses				336			337			341			384			413			354		5	%		673			767		14	%
	Net Credit Losses			341			342			345			338			311			317		(7	%)		683			628		(8	%)
	Specific and General Credit Reserve Build / (Release)			—			—			(25	)		—			—			1		—			—			1		—
	Provision for Benefits & Claims			1			1			—			—			(1	)		(1	)	NM			2			(2	)	NM
Total Provisions for Benefits, Claims and Loan Losses				342			343			320			338			310			317		(8	%)		685			627		(8	%)
Income Before Taxes				175			191			217			193			182			247		29	%		366			429		17	%
Income Taxes				52			54			68			54			53			78		44	%		106			131		24	%
Net Income			$	123		$	137		$	149		$	139		$	129		$	169		23	%	$	260		$	298		15	%
Average Assets (in billions of dollars)			$	26		$	25		$	25		$	26		$	26		$	25		—		$	26		$	25		(4	%)
Return on Assets				1.90	%		2.20	%		2.37	%		2.13	%		2.01	%		2.71	%				2.01	%		2.40	%
KEY INDICATORS:
Average Loans (in billions of dollars):
	Real estate secured loans		$	6.8		$	6.8		$	7.2		$	8.1		$	8.3		$	8.2		21	%	$	7.0		$	8.3		19	%
	Personal loans			12.3			12.1			12.0			12.8			12.8			12.7		5	%		12.2			12.8		5	%
	Auto			1.4			1.2			1.0			0.9			0.8			0.6		(50	%)		1.3			0.7		(46	%)
	Sales finance and other			1.3			0.8			0.8			0.9			0.8			0.7		(13	%)		0.9			0.6		(33	%)
		Total	$	21.8		$	20.9		$	21.0		$	22.7		$	22.7		$	22.2		6	%	$	21.4		$	22.4		5	%
Average Yield				17.42	%		17.88	%		17.82	%		17.64	%		17.63	%		18.23	%
Average Net Interest Margin				15.35	%		16.33	%		16.02	%		15.66	%		15.70	%		16.01	%
Net Credit Margin (NCM)(1)			$	512		$	529		$	533		$	577		$	594		$	601		14	%	$	1,041		$	1,195		15	%
	NCM as a % of Average Loans			9.45	%		10.18	%		10.10	%		10.11	%		10.61	%		10.86	%				9.78	%		10.76	%
Net Credit Loss Ratio				6.31	%		6.57	%		6.52	%		5.92	%		5.59	%		5.73	%
Loans 90+ Days Past Due (in millions of dollars)			$	538		$	504		$	459		$	489		$	476		$	472		(6	%)
	% of EOP Loans			2.47	%		2.38	%		2.17	%		2.13	%		2.13	%		2.17	%
Number of Sales Points:
	Japan Branches			530			530			529			405			405			405		(24	%)
	Japan Automated Loan Machines			382			380			419			512			523			588		55	%
		Total Japan		912			910			948			917			928			993		9	%
	EMEA Branches			199			228			234			252			264			277		21	%
	Asia (excluding Japan) Branches			119			146			173			196			224			250		71	%
	Latin America Branches			92			93			103			116			118			128		38	%
		Total		1,322			1,377			1,458			1,481			1,534			1,648		20	%
Japan:
	Average Loans (in billions of dollars)		$	11.9		$	11.4		$	10.8		$	11.2		$	10.9		$	10.5		(8	%)
	Net Credit Loss Ratio			10.08	%		10.45	%		10.99	%		10.36	%		9.25	%		9.68	%
	Net Income (in millions of dollars)		$	81		$	88		$	95		$	98		$	122		$	137		56	%	$	169		$	259		53	%

(1)

Total Revenues, net of Interest Expense, less Net Credit Losses.

NM Not meaningful

Reclassified to conform to the current period's presentation.

14

GLOBAL CONSUMER
RETAIL BANKING
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	4,381		$	4,514		$	4,661		$	4,733		$	5,011		$	4,873		8	%	$	8,895		$	9,884		11	%
Total Operating Expenses				2,326			2,503			2,558			2,724			2,731			2,713		8	%		4,829			5,444		13	%
	Net Credit Losses			205			207			219			276			218			221		7	%		412			439		7	%
	Specific and General Credit Reserve Build / (Release)			(19	)		(138	)		(188	)		(104	)		(23	)		14		NM			(157	)		(9	)	94	%
	Provision for Benefits & Claims			182			182			182			191			180			173		(5	%)		364			353		(3	%)
Total Provisions for Benefits, Claims and Loan Losses				368			251			213			363			375			408		63	%		619			783		26	%
Income Before Taxes and Minority Interest				1,687			1,760			1,890			1,646			1,905			1,752		—			3,447			3,657		6	%
Income Taxes				504			554			605			459			584			497		(10	%)		1,058			1,081		2	%
Minority Interest, Net of Tax				15			14			14			14			12			14		—			29			26		(10	%)
Net Income			$	1,168		$	1,192		$	1,271		$	1,173		$	1,309		$	1,241		4	%	$	2,360		$	2,550		8	%
Average Assets (in billions of dollars)			$	243		$	264		$	279		$	290		$	298		$	310		17	%	$	254		$	304		20	%
Return on Assets				1.93	%		1.82	%		1.81	%		1.61	%		1.78	%		1.61	%				1.87	%		1.69	%
Average Risk Capital			$	13,144		$	13,345		$	13,931		$	14,500		$	15,241		$	15,876		19	%	$	13,245		$	15,559		17	%
Return on Risk Capital				36	%		36	%		36	%		32	%		35	%		31	%				36	%		33	%
Return on Invested Capital				17	%		17	%		18	%		16	%		18	%		16	%				17	%		16	%
KEY INDICATORS:
Average Customer Deposits (in billions of dollars):
		North America	$	112.2		$	115.7		$	116.9		$	118.0		$	120.6		$	125.8		9	%	$	113.9		$	123.1		8	%
		Bank Deposit Program Balances(1)		41.8			41.7			41.4			41.4			42.3			41.4		(1	%)		41.8			41.9		—
	Total North America			154.0			157.4			158.3			159.4			162.9			167.2		6	%		155.7			165.0		6	%
	International			96.3			102.1			104.9			109.6			112.6			110.9		9	%		99.2			111.8		13	%
		Total	$	250.3		$	259.5		$	263.2		$	269.0		$	275.5		$	278.1		7	%	$	254.9		$	276.8		9	%
Average Loans (in billions of dollars):
	North America		$	121.9		$	127.8		$	134.1		$	143.3		$	150.1		$	160.2		25	%	$	124.9		$	155.1		24	%
	North America—Liquidating			6.3			5.9			5.4			5.3			2.4			0.8		(86	%)		6.1			1.6		(74	%)
	International			38.2			45.8			50.5			53.9			54.6			54.3		19	%		42.0			54.5		30	%
		Total	$	166.4		$	179.5		$	190.0		$	202.5		$	207.1		$	215.3		20	%	$	173.0		$	211.2		22	%
Net Interest Revenue			$	2,618		$	2,692		$	2,807		$	2,916		$	2,886		$	2,968		10	%	$	5,310		$	5,854		10	%
Net Credit Loss Ratio—Consumer				0.49	%		0.51	%		0.47	%		0.46	%		0.46	%		0.39	%
Net Credit Loss Ratio—Commercial Business				0.51	%		0.31	%		0.43	%		0.89	%		0.28	%		0.52	%
Loans 90+Days Past Due—Consumer (in millions of dollars)			$	3,698		$	3,576		$	3,907		$	4,094		$	3,992		$	3,818		7	%
	% of EOP Loans			2.86	%		2.46	%		2.53	%		2.47	%		2.30	%		2.13	%
Cash Basis Loans—Commercial Business (in millions of dollars)			$	1,213		$	1,173		$	1,000		$	735		$	593		$	495		(58	%)
	% of EOP Loans			3.11	%		2.96	%		2.55	%		1.78	%		1.56	%		1.29	%
EOP Accounts (in millions):
	North America			30.8			31.2			32.6			32.6			32.4			34.2		10	%
	International			18.1			23.9			24.2			24.1			24.5			25.0		5	%
		Total		48.9			55.1			56.8			56.7			56.9			59.2		7	%
Branches:
	Citibanking North America			779			775			776			775			883			885		14	%
	Mexico			1,357			1,347			1,347			1,349			1,346			1,334		(1	%)
	International			868			1,110			1,118			1,129			1,144			1,196		8	%
		Total		3,004			3,232			3,241			3,253			3,373			3,415		6	%
Investment AUM's (in billions):
	North America		$	91.7		$	90.8		$	92.4		$	97.4		$	97.2		$	100.3		10	%
	International			55.4			59.8			63.1			67.4			68.5			69.9		17	%
		Total	$	147.1		$	150.6		$	155.5		$	164.8		$	165.6		$	170.2		13	%

(1)

The Bank Deposit Program balances are generated from the Smith Barney channel (Global Wealth Management segment) and the funds are managed by Citibanking North America.

Reclassified to conform to the current period's presentation.

15

GLOBAL CONSUMER
RETAIL BANKING
NORTH AMERICA RETAIL BANKING—Page 1
(In millions of dollars)

				1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense:
		Retail Distribution		$	751		$	777		$	786		$	751		$	853		$	767		(1	%)	$	1,528		$	1,620		6	%
		Commercial Business			474			619			620			582			678			491		(21	%)		1,093			1,169		7	%
		Prime Home Finance			442			312			414			339			492			503		61	%		754			995		32	%
		Student Loans			149			149			151			163			132			176		18	%		298			308		3	%
		Primerica Financial Services			531			529			532			549			551			540		2	%		1,060			1,091		3	%
Total North America, excluding Mexico					2,347			2,386			2,503			2,384			2,706			2,477		4	%		4,733			5,183		10	%
Mexico					606			608			635			722			647			705		16	%		1,214			1,352		11	%
	Total Revenues, Net of Interest Expense				2,953			2,994			3,138			3,106			3,353			3,182		6	%		5,947			6,535		10	%
Total Operating Expenses					1,568			1,724			1,762			1,825			1,729			1,773		3	%		3,292			3,502		6	%
		Net Credit Losses			72			71			64			113			54			91		28	%		143			145		1	%
		Specific and General Credit Reserve Build / (Release)			(18	)		(148	)		(180	)		(109	)		(8	)		(109	)	26	%		(166	)		(117	)	30	%
		Provision for Benefits & Claims			180			180			181			190			178			173		(4	%)		360			351		(3	%)
Total Provisions for Benefits, Claims and Loan Losses					234			103			65			194			224			155		50	%		337			379		12	%
Income Before Taxes and Minority Interest					1,151			1,167			1,311			1,087			1,400			1,254		7	%		2,318			2,654		14	%
Income Taxes					343			368			424			316			436			353		(4	%)		711			789		11	%
Minority Interest, Net of Tax					14			14			14			15			12			16		14	%		28			28		—
Net Income				$	794		$	785		$	873		$	756		$	952		$	885		13	%	$	1,579		$	1,837		16	%
Net Income by Business:
		Retail Distribution		$	133		$	125		$	130		$	127		$	184		$	114		(9	%)	$	258		$	298		16	%
		Commercial Business			161			190			259			155			252			134		(29	%)		351			386		10	%
		Prime Home Finance			183			147			157			108			189			204		39	%		330			393		19	%
		Student Loans			58			56			55			58			52			62		11	%		114			114		—
		Primerica Financial Services			137			131			136			140			134			136		4	%		268			270		—
Total North America, excluding Mexico					672			649			737			588			811			650		—			1,321			1,461		11	%
Mexico					122			136			136			168			141			235		73	%		258			376		46	%
			Total Net Income	$	794		$	785		$	873		$	756		$	952		$	885		13	%	$	1,579		$	1,837		16	%
KEY INDICATORS:
Net Interest Revenue				$	1,740		$	1,742		$	1,817		$	1,844		$	1,814		$	1,885		8	%	$	3,482		$	3,699		6	%
Net Credit Loss Ratio—Consumer					0.11	%		0.18	%		0.09	%		0.13	%		0.15	%		0.14	%
Net Credit Loss Ratio—Commercial Business					0.51	%		0.30	%		0.44	%		0.86	%		0.13	%		0.52	%
Loans 90+Days Past Due—Consumer (in millions of dollars)				$	2,163		$	2,054		$	2,473		$	2,515		$	2,469		$	2,377		16	%
	% of EOP Loans				2.30	%		2.03	%		2.29	%		2.18	%		2.00	%		1.83	%
Cash Basis Loans—Commercial Business (in millions of dollars)				$	1,135		$	1,094		$	957		$	701		$	560		$	464		(58	%)
	% of EOP Loans				3.15	%		3.23	%		2.74	%		1.93	%		1.67	%		1.37	%

Reclassified to conform to the current period's presentation

16

GLOBAL CONSUMER
RETAIL BANKING
NORTH AMERICA RETAIL BANKING—Page 2
(In millions of dollars)

			1Q 2004		2Q 2004			3Q 2004		4Q 2004			1Q 2005		2Q 2005		2Q 2005 vs. 2Q 2004 Increase/ (Decrease)
KEY INDICATORS (continued):
Retail Distribution—Average Balances (in billions of dollars)
	Checking, Savings & Money Market Deposits		$	60.8	$	63.0		$	64.0	$	63.9		$	65.6	$	66.4	5	%
	Time Deposits, CDs and Other			11.9		11.2			10.7		10.6			10.9		12.6	13	%
		Total Branch Deposits		72.7		74.2			74.7		74.5			76.5		79.0	6	%
	Smith Barney Bank Deposit Program(1)			41.8		41.7			41.4		41.4			42.3		41.4	(1	%)
		Total Deposits	$	114.5	$	115.9		$	116.1	$	115.9		$	118.8	$	120.4	4	%
	Investment AUMs (EOP)		$	40.0	$	40.1		$	40.5	$	42.6		$	41.9	$	42.6	6	%
	Average Loans		$	7.1	$	7.4		$	7.6	$	8.0		$	8.3	$	8.5	15	%
Commercial Business—Average Balances (in billions of dollars)
	Checking, Savings & Money Market Deposits		$	13.1	$	13.3		$	13.1	$	13.5		$	13.4	$	15.3	15	%
	Time Deposits, CDs and Other			1.0		1.1			1.2		1.5			1.7		1.6	45	%
		Total Deposits	$	14.1	$	14.4		$	14.3	$	15.0		$	15.1	$	16.9	17	%
	Average Loans		$	26.9	$	26.6		$	26.3	$	26.8		$	27.3	$	30.5	15	%
	Average Loans—Liquidating			6.3		5.9			5.4		5.3			2.4		0.8	(86	%)
	Average Loans—Total(2)		$	33.2	$	32.5		$	31.7	$	32.1		$	29.7	$	31.3	(4	%)
Prime Home Finance—Balances (in billions of dollars)
	Average Loans		$	60.2	$	66.5		$	72.2	$	78.1		$	82.4	$	87.9	32	%
	Originations		$	22.0	$	29.2		$	22.9	$	25.0		$	24.0	$	30.8	5	%
	Third Party Mortgage Servicing Portfolio (EOP)		$	174.5	$	170.1		$	297.5	$	291.3		$	288.8	$	287.2	69	%
	Net Servicing & Gain/(Loss) on Sale		$	107.1	$	(84.0	)	$	25.8	$	(48.5	)	$	82.3	$	82.3	NM
Student Loans—Balances (in billions of dollars):
	Average Loans(3)		$	24.5	$	24.5		$	25.2	$	25.9		$	26.8	$	27.3	11	%
	Originations		$	2.2	$	1.0		$	2.6	$	2.0		$	2.5	$	1.6	60	%
Primerica Financial Services:
	Life Insurance in Force (in billions of dollars)		$	510.7	$	522.0		$	534.2	$	545.4		$	553.1	$	562.7	8	%
	Loan Volumes (in millions of dollars) (4)		$	749.3	$	1,104.0		$	961.0	$	987.0		$	972.8	$	963.6	(13	%)
	Mutual Fund/UIT Sales at NAV (in millions of dollars)		$	927	$	861		$	768	$	769		$	903	$	865	—
	Variable Annuity Net Written Premiums & Deposits (in millions of dollars)		$	296	$	263		$	258	$	278		$	328	$	271	3	%
	Investment AUMs (EOP)		$	25.5	$	25.7		$	25.7	$	27.9		$	27.5	$	28.0	9	%
Mexico—Average Balances (in billions of dollars)
	Checking, Savings & Money Market Deposits		$	12.3	$	11.8		$	12.0	$	12.4		$	12.9	$	12.9	9	%
	Time Deposits, CDs and Other			9.0		9.6			9.2		9.5			10.0		10.3	7	%
	Total Deposits		$	21.3	$	21.4		$	21.2	$	21.9		$	22.9	$	23.2	8	%
	Investment AUMs (EOP)		$	26.2	$	25.0		$	26.2	$	26.9		$	27.7	$	29.7	19	%
	Average Loans		$	6.3	$	6.2		$	6.2	$	6.9		$	7.3	$	7.6	23	%
North America Retail Banking (including Mexico, in billions of dollars)
	Total Average Deposits		$	154.0	$	157.4		$	158.3	$	159.4		$	162.9	$	167.2	6	%
	Total Average Loans		$	128.2	$	133.7		$	139.5	$	148.6		$	152.5	$	161.0	20	%
	Total Investment Product Sales(5)		$	5.5	$	4.7		$	4.7	$	5.1		$	6.2	$	5.8	23	%
	Total Investment AUMs (EOP)		$	91.7	$	90.8		$	92.4	$	97.4		$	97.1	$	100.3	10	%
	Total EOP Accounts (in millions)			30.8		31.2			32.6		32.6			32.4		34.2	10	%
		Checking Accounts (in millions)		11.7		11.8			11.8		11.8			11.4		11.7	(1	%)

(1)

The Bank Deposit Program balances are generated from the Smith Barney channel (Global Wealth Management segment) and the funds are managed by Citibanking North America.

(2)

In the 2004 second quarter, approximately $2.0 billion of operating leases were reclassified from loans to other assets.

(3)

Includes approximately $2 billion of Loans Held for Sale each quarter.

(4)

Represents loan products marketed by Primerica Financial Services; the receivables are primarily reflected in the assets of Consumer Finance.

(5)

Investment product sales include mutual funds, annuities, structured notes, brokerage activity and other investment products.

Reclassified to conform to the current period's presentation.

17

GLOBAL CONSUMER
RETAIL BANKING
INTERNATIONAL RETAIL BANKING—Page 1
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004		Six Months 2005		YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense:
	EMEA		$	685		$	722		$	687		$	765		$	766		$	786		9	%	$	1,407	$	1,552	10	%
	Japan			125			119			113			114			121			116		(3	%)		244		237	(3	%)
	Asia (excluding Japan)			467			540			574			583			610			623		15	%		1,007		1,233	22	%
	Latin America			151			139			149			165			161			166		19	%		290		327	13	%
	Total Revenues, Net of Interest Expense			1,428			1,520			1,523			1,627			1,658			1,691		11	%		2,948		3,349	14	%
Total Operating Expenses				758			779			796			899			1,002			940		21	%		1,537		1,942	26	%
	Net Credit Losses			133			136			155			163			164			130		(4	%)		269		294	9	%
	Specific and General Credit Reserve Build / (Release)			(1	)		10			(8	)		5			(15	)		123		NM			9		108	NM
	Provision for Benefits & Claims			2			2			1			1			2			—		(100	%)		4		2	(50	%)
Total Provisions for Benefits, Claims and Loan Losses				134			148			148			169			151			253		71	%		282		404	43	%
Income Before Taxes and Minority Interest				536			593			579			559			505			498		(16	%)		1,129		1,003	(11	%)
Income Taxes and Minority Interest				162			186			181			142			148			142		(24	%)		348		290	(17	%)
Net Income			$	374		$	407		$	398		$	417		$	357		$	356		(13	%)	$	781	$	713	(9	%)
Net Income (loss) by Region:
	EMEA		$	132		$	151		$	90		$	138		$	94		$	72		(52	%)	$	283	$	166	(41	%)
	Japan			40			37			43			35			36			34		(8	%)		77		70	(9	%)
	Asia (excluding Japan)			171			191			214			207			201			211		10	%		362		412	14	%
	Latin America			31			28			51			37			26			39		39	%		59		65	10	%
		Total	$	374		$	407		$	398		$	417		$	357		$	356		(13	%)	$	781	$	713	(9	%)
KEY INDICATORS:
Net Interest Revenue			$	878		$	950		$	990		$	1,072		$	1,072		$	1,083		14	%	$	1,828	$	2,155	18	%
Net Credit Loss Ratio—Consumer				1.48	%		1.28	%		1.33	%		1.21	%		1.20	%		1.01	%
Net Credit Loss Ratio—Commercial Business				0.45	%		0.42	%		0.33	%		1.05	%		1.38	%		0.47	%
Loans 90+Days Past Due—Consumer (in millions of dollars)			$	1,535		$	1,522		$	1,434		$	1,579		$	1,523		$	1,441		(5	%)
	% of EOP Loans			4.35	%		3.46	%		3.08	%		3.15	%		3.05	%		2.92	%
Cash Basis Loans—Commercial Business (in millions of dollars)			$	78		$	79		$	43		$	34		$	33		$	31		(61	%)
	% of EOP Loans			2.60	%		1.38	%		0.99	%		0.71	%		0.73	%		0.69	%

NM Not meaningful

Reclassified to conform to the current period's presentation.

18

GLOBAL CONSUMER
RETAIL BANKING
INTERNATIONAL RETAIL BANKING—Page 2

			1Q 2004		2Q 2004		3Q 2004		4Q 2004		1Q 2005		2Q 2005		2Q 2005 vs. 2Q 2004 Increase/ (Decrease)
KEY INDICATORS (Continued):
International—Balances (in billions of dollars)
	Checking, Savings & Money Market Deposits		$	51.4	$	54.7	$	55.4	$	58.2	$	59.6	$	58.1	6	%
	Time Deposits, CDs and Other			44.9		47.4		49.5		51.4		53.0		52.8	11	%
		Total Average Deposits	$	96.3	$	102.1	$	104.9	$	109.6	$	112.6	$	110.9	9	%
	Investment Sales		$	10.2	$	9.7	$	8.8	$	9.8	$	11.3	$	10.4	7	%
	Investment AUMs (EOP)		$	55.4	$	59.8	$	63.1	$	67.4	$	68.5	$	69.9	17	%
Average Customer Deposits by Region (in billions of dollars):
	EMEA		$	23.9	$	24.1	$	23.9	$	25.5	$	26.0	$	25.3	5	%
	Japan			22.6		21.7		21.6		21.9		21.8		21.1	(3	%)
	Asia (excluding Japan)			43.2		49.6		52.5		55.3		57.8		57.4	16	%
	Latin America			6.6		6.7		6.9		6.9		7.0		7.1	6	%
		Total	$	96.3	$	102.1	$	104.9	$	109.6	$	112.6	$	110.9	9	%
Average Loans by Type (in billions of dollars):
	Mortgages		$	12.5	$	16.4	$	19.1	$	20.2	$	20.7	$	20.9	27	%
	Auto			2.4		2.4		2.5		2.5		2.4		2.4	—
	Personal			18.8		20.6		21.3		23.1		23.2		22.9	11	%
	Commercial Markets			3.0		4.7		5.3		5.0		4.5		4.5	(4	%)
	Other			1.5		1.7		2.3		3.1		3.8		3.6	NM
		Total	$	38.2	$	45.8	$	50.5	$	53.9	$	54.6	$	54.3	19	%
Average Loans by Region (in billions of dollars):
	EMEA		$	18.0	$	18.1	$	18.4	$	19.5	$	19.2	$	18.7	3	%
	Japan			0.3		0.3		0.3		0.3		0.3		0.2	(33	%)
	Asia (excluding Japan)			19.0		26.6		31.0		33.3		34.3		34.6	30	%
	Latin America			0.9		0.8		0.8		0.8		0.8		0.8	—
		Total	$	38.2	$	45.8	$	50.5	$	53.9	$	54.6	$	54.3	19	%
EOP Accounts by Region (in billions of dollars):
	EMEA		$	7.9	$	8.0	$	8.1	$	8.3	$	8.4	$	8.6	8	%
	Japan			2.2		2.2		2.1		2.1		2.1		2.1	(5	%)
	Asia (excluding Japan)			5.8		11.5		11.8		11.4		11.7		11.9	3	%
	Latin America			2.2		2.2		2.2		2.3		2.3		2.4	9	%
		Total	$	18.1	$	23.9	$	24.2	$	24.1	$	24.5	$	25.0	5	%
Branches by Region:
	EMEA			596		599		604		606		612		619	3	%
	Japan			25		25		25		25		25		25	—
	Asia (excluding Japan)			106		341		342		347		354		394	16	%
	Latin America			141		145		147		151		153		158	9	%
		Total		868		1,110		1,118		1,129		1,144		1,196	8	%

NM Not meaningful

Reclassified to conform to the current period's presentation.

19

CORPORATE AND INVESTMENT BANKING
INCOME STATEMENT
(In millions of dollars)

				1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Revenues:
	Commissions and Fees			$	586		$	485		$	460		$	515		$	601		$	545		12	%	$	1,071		$	1,146		7	%
	Asset Management and Administration Fees				610			630			624			677			696			701		11	%		1,240			1,397		13	%
	Investment Banking				830			917			793			1,016			805			870		(5	%)		1,747			1,675		(4	%)
	Principal Transactions				963			728			228			608			1,533			572		(21	%)		1,691			2,105		24	%
	Other				257			1,016			472			321			253			446		(56	%)		1,273			699		(45	%)
		Total Non-Interest Revenues			3,246			3,776			2,577			3,137			3,888			3,134		(17	%)		7,022			7,022		—
		Net Interest and Dividends			2,228			2,291			2,203			2,328			2,149			2,022		(12	%)		4,519			4,171		(8	%)
			Total Revenues, Net of Interest Expense		5,474			6,067			4,780			5,465			6,037			5,156		(15	%)		11,541			11,193		(3	%)
Non-Interest Expenses:
	Compensation and Benefits				1,905			1,959			1,657			2,139			2,227			1,894		(3	%)		3,864			4,121		7	%
	Other Operating and Administrative Expenses				1,115			9,190			1,398			1,167			1,441			1,474		(84	%)		10,305			2,915		(72	%)
			Total Non-Interest Expenses		3,020			11,149			3,055			3,306			3,668			3,368		(70	%)		14,169			7,036		(50	%)
Provision for Loan Losses					(60	)		(347	)		(405	)		(163	)		(56	)		(114	)	67	%		(407	)		(170	)	58	%
Provision for Unfunded Lending Commitments					—			—			—			—			—			100		—			—			100		—
Total Provision for Credit Losses					(60	)		(347	)		(405	)		(163	)		(56	)		(14	)	96	%		(407	)		(70	)	83	%
Income (Loss) Before Taxes and Minority Interest					2,514			(4,735	)		2,130			2,322			2,425			1,802		NM			(2,221	)		4,227		NM
Income Taxes (Benefits)					790			(1,950	)		634			622			735			420		NM			(1,160	)		1,155		NM
Minority Interest, Net of Tax					16			20			44			13			11			10		(50	%)		36			21		(42	%)
	Net Income (Loss)			$	1,708		$	(2,805	)	$	1,452		$	1,687		$	1,679		$	1,372		NM		$	(1,097	)	$	3,051		NM
Pre-tax Profit Margin					45.9	%		(78.0	%)		44.6	%		42.5	%		40.2	%		34.9	%				(19.2	%)		37.8	%
Compensation and Benefits Expenses as a Percent of Net Revenues(1)(2)					34.8	%		35.7	%		34.7	%		39.1	%		32.9	%		36.7	%				35.3	%		34.6	%
Non-Compensation Expenses as a Percent of Net Revenues(1)					20.4	%		167.6	%		29.2	%		21.4	%		23.9	%		28.6	%				94.0	%		26.0	%

(1)

The 2004 second quarter period excludes revenue of $584 million related to the gain on Samba.

(2)

The 2005 first quarter period excludes Expenses of $243 million related to the repositioning of certain CIB businesses.

NM Not meaningful

Reclassified to conform to the current period's presentation.

20

CORPORATE AND INVESTMENT BANKING
CIB REVENUE DETAILS
(In millions of dollars)

					1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Revenue Details:
	Investment Banking Revenue:
		Advisory and Other Fees			$	203		$	233		$	204		$	287		$	256		$	264		13	%	$	436		$	520		19	%
		Equity Underwriting				302			253			205			348			269			254		—			555			523		(6	%)
		Debt Underwriting				498			544			557			588			500			514		(6	%)		1,042			1,014		(3	%)
		Revenue Allocated to Private Client Segment:
			Equity Underwriting			(115	)		(63	)		(60	)		(78	)		(95	)		(74	)	(17	%)		(178	)		(169	)	5	%
			Debt Underwriting			(32	)		(27	)		(18	)		(22	)		(22	)		(27	)	—			(59	)		(49	)	17	%
				Total Investment Banking Revenue		856			940			888			1,123			908			931		(1	%)		1,796			1,839		2	%
Lending						439			522			504			521			510			543		4	%		961			1,053		10	%
Equity Markets						747			519			490			552			707			728		40	%		1,266			1,435		13	%
Fixed Income Markets						2,504			2,537			1,816			2,291			2,916			1,827		(28	%)		5,041			4,743		(6	%)
Other Capital Markets and Banking						(15	)		(23	)		35			(140	)		(142	)		(64	)	NM			(38	)		(206	)	NM
Total Capital Markets and Banking Revenues(1)						4,531			4,495			3,733			4,347			4,899			3,965		(12	%)		9,026			8,864		(2	%)
Transaction Services						942			987			1,045			1,104			1,137			1,191		21	%		1,929			2,328		21	%
Other(2)						1			585			2			14			1			—		(100	%)		586			1		(100	%)
Total CIB Revenues					$	5,474		$	6,067		$	4,780		$	5,465		$	6,037		$	5,156		(15	%)	$	11,541		$	11,193		(3	%)

(1)

Capital Markets and Banking revenues reflect Citigroup's portion (49%) of the results of the Nikko Citigroup Joint Venture on each respective line with an offset in Other Capital Markets and Banking to conform to the GAAP presentation.

(2)

The 2004 second quarter includes a $584 million gain related to the sale of Samba.

NM Not meaningful

Reclassified to conform to the current period's presentation.

21

CORPORATE AND INVESTMENT BANKING
CAPITAL MARKETS AND BANKING
(In millions of dollars)

		1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense		$	4,531		$	4,495		$	3,733		$	4,347		$	4,899		$	3,965		(12	%)	$	9,026		$	8,864		(2	%)
Total Operating Expenses			2,354			2,537			2,344			2,724			2,859			2,585		2	%		4,891			5,444		11	%
Provision for Loan Losses			(26	)		(276	)		(335	)		(140	)		(46	)		(116	)	58	%		(302	)		(162	)	46	%
Provision for Unfunded Lending Commitments			—			—			—			—			—			96		—			—			96		—
Total Provision for Credit Losses			(26	)		(276	)		(335	)		(140	)		(46	)		(20	)	93	%		(302	)		(66	)	78	%
Income Before Taxes and Minority Interest			2,203			2,234			1,724			1,763			2,086			1,400		(37	%)		4,437			3,486		(21	%)
Income Taxes			711			713			522			494			637			347		(51	%)		1,424			984		(31	%)
Minority Interest, Net of Tax			15			19			43			12			10			10		(47	%)		34			20		(41	%)
Net Income		$	1,477		$	1,502		$	1,159		$	1,257		$	1,439		$	1,043		(31	%)	$	2,979		$	2,482		(17	%)
Average Risk Capital		$	15,019		$	17,470		$	19,081		$	19,094		$	19,344		$	19,694		13	%	$	16,245		$	19,519		20	%
Return on Risk Capital			40	%		35	%		24	%		26	%		30	%		21	%				37	%		26	%
Return on Invested Capital			31	%		27	%		19	%		20	%		23	%		16	%				29	%		19	%
Investment Banking
Global Debt, Equity and Equity-related Underwriting:
	Global Volume(1)	$	172,645		$	120,179		$	128,745		$	118,261		$	150,009		$	143,436		19	%	$	292,824		$	293,445		—
	Global Market Share		10.1	%		8.7	%		9.6	%		8.8	%		8.9	%		9.0	%				9.5	%		8.9	%
	Rank		1			1			1			1			1			1					1			1
	U.S. Volume(1)	$	121,893		$	81,326		$	97,944		$	78,929		$	93,165		$	101,742		25	%	$	203,219		$	194,907		(4	%)
	U.S. Market Share		12.4	%		10.0	%		11.6	%		9.8	%		10.3	%		11.3	%				11.3	%		10.8	%
	Rank		1			1			1			1			1			1					1			1

(1)

Full credit to book manager. Market volumes and shares sourced from Thomson Financial Securities Data.

Reclassified to conform to the current period's presentation.

22

CORPORATE AND INVESTMENT BANKING
TRANSACTION SERVICES
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	942		$	987		$	1,045		$	1,104		$	1,137		$	1,191		21	%	$	1,929		$	2,328		21	%
Total Operating Expenses				659			693			712			782			803			780		13	%		1,352			1,583		17	%
Provision for Loan Losses				(34	)		(71	)		(70	)		(23	)		(13	)		2		NM			(105	)		(11	)	90	%
Provision for Unfunded Lending Commitments				—			—			—			—			—			4		—			—			4		—
		��
Total Provision for Credit Losses				(34	)		(71	)		(70	)		(23	)		(13	)		6		NM			(105	)		(7	)	93	%
Income Before Taxes and Minority Interest				317			365			403			345			347			405		11	%		682			752		10	%
Income Taxes				82			103			117			83			102			117		14	%		185			219		18	%
Net Income			$	235		$	262		$	286		$	262		$	245		$	288		10	%	$	497		$	533		7	%
Average Risk Capital			$	1,263		$	1,340		$	1,462		$	1,454		$	1,435		$	1,403		5	%	$	1,302		$	1,419		9	%
Return on Risk Capital				75	%		79	%		78	%		72	%		69	%		82	%				77	%		76	%
Return on Invested Capital				47	%		48	%		47	%		43	%		40	%		46	%				47	%		43	%
Revenue Details:
	Cash Management		$	522		$	558		$	618		$	647		$	658		$	694		24	%	$	1,080		$	1,352		25	%
	Securities Services			279			286			277			307			336			348		22	%		565			684		21	%
	Trade			141			143			150			150			143			149		4	%		284			292		3	%
Total Revenues, Net of Interest Expense			$	942		$	987		$	1,045		$	1,104		$	1,137		$	1,191		21	%	$	1,929		$	2,328		21	%
Liability Balances (Average in billions)			$	111		$	113		$	121		$	138		$	139		$	141		25	%
Assets Under Custody (EOP in trillions)			$	6.6		$	7.0		$	7.3		$	7.9		$	8.0		$	8.0		14	%

NM Not meaningful

Reclassified to conform to the current period's presentation.

23

GLOBAL WEALTH MANAGEMENT
SMITH BARNEY
(In millions of dollars)

		1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Revenues:
Fee-Based and Net Interest Revenue		$	851		$	854		$	854		$	874		$	911		$	956		12	%	$	1,705		$	1,867		10	%
Commissions and Other Transactional Revenue			881			728			674			769			758			691		(5	%)		1,609			1,449		(10	%)
Total Revenues, Net of Interest Expense			1,732			1,582			1,528			1,643			1,669			1,647		4	%		3,314			3,316		—
Total Operating Expenses			1,320			1,235			1,204			1,257			1,351			1,252		1	%		2,555			2,603		2	%
Provision for Loan Losses			—			—			—			—			—			4		—			—			4		—
Income Before Taxes			412			347			324			386			318			391		13	%		759			709		(7	%)
Income Taxes			160			136			126			156			121			152		12	%		296			273		(8	%)
Net Income		$	252		$	211		$	198		$	230		$	197		$	239		13	%	$	463		$	436		(6	%)
Pretax Profit Margin			24	%		22	%		21	%		23	%		19	%		24	%				23	%		21	%
Average Risk Capital		$	1,288		$	1,290		$	1,110		$	935		$	876		$	927		(28	%)	$	1,289		$	902		(30	%)
Return on Risk Capital			79	%		66	%		71	%		98	%		91	%		103	%				72	%		97	%
Return on Invested Capital			60	%		50	%		52	%		69	%		63	%		73	%				55	%		68	%
Financial Consultants			12,037			12,094			12,096			12,138			12,189			12,150		—
Annualized Revenue per FC (000)		$	576		$	529		$	501		$	538		$	556		$	538		2	%
Branch offices			528			526			526			524			522			518		(2	%)
Assets(in billions of dollars):
Total Client Assets		$	925		$	924		$	920		$	978		$	969		$	987		7	%
Net Client Asset Flows		$	6		$	5		$	3		$	10		$	13		$	5		—
Client Assets Under Fee-Based Management:
	Consulting Group and Internally Managed Accounts	$	144		$	146		$	145		$	156		$	155		$	159		9	%
	Financial Consultant Managed Accounts		76			76			76			84			84			86		13	%
	Total Smith Barney	$	220		$	222		$	221		$	240		$	239		$	245		10	%

Reclassified to conform to the current period's presentation.

24

GLOBAL WEALTH MANAGEMENT
PRIVATE BANK
(In millions of dollars)

				1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense				$	573		$	505		$	482		$	484		$	504		$	453		(10	%)	$	1,078		$	957		(11	%)
Total Operating Expenses(1)					339			286			292			733			339			334		17	%		625			673		8	%
Provision for Loan Losses					4			(1	)		(7	)		(1	)		(16	)		(4	)	NM			3			(20	)	NM
Income (Loss) Before Taxes					230			220			197			(248	)		181			123		(44	%)		450			304		(32	%)
Income Taxes (Benefits)					71			68			61			(119	)		59			40		(41	%)		139			99		(29	%)
Net Income (Loss)(1)				$	159		$	152		$	136		$	(129	)	$	122		$	83		(45	%)	$	311		$	205		(34	%)
Pretax Profit Margin					40	%		44	%		41	%		(51	%)		36	%		27	%				42	%		32	%
Average Risk Capital				$	688		$	727		$	761		$	828		$	1,117		$	1,165		60	%	$	708		$	1,141		61	%
Return on Risk Capital					93	%		84	%		71	%		(62	%)		44	%		29	%				88	%		36	%
Return on Invested Capital					91	%		82	%		69	%		(63	%)		42	%		26	%				86	%		34	%
Client Business Volumes (in billions of dollars):
	Client Assets Under Fee-Based Management			$	44		$	44		$	49		$	52		$	52		$	52		18	%
	Banking and Fiduciary Deposits				45			46			47			49			46			46		—
	Investment Finance				38			40			41			42			42			43		8	%
	Other, Principally Custody Accounts				75			73			75			81			81			79		8	%
		Total Client Business Volumes		$	202		$	203		$	212		$	224		$	221		$	220		8	%
Revenues:
	Recurring Fee-Based and Net Interest Revenues(2)			$	396		$	375		$	391		$	394		$	401		$	352		(6	%)	$	771		$	753		(2	%)
	Transactional Revenues				177			130			91			90			103			101		(22	%)		307			204		(34	%)
		Total Revenues		$	573		$	505		$	482		$	484		$	504		$	453		(10	%)	$	1,078		$	957		(11	%)
			North America	$	221		$	217		$	225		$	231		$	234		$	236		9	%	$	438		$	470		7	%
			International		352			288			257			253			270			217		(25	%)		640			487		(24	%)
				$	573		$	505		$	482		$	484		$	504		$	453		(10	%)	$	1,078		$	957		(11	%)
Net Credit Loss Ratio					0.04	%		(0.01	%)		(0.08	%)		(0.01	%)		(0.05	%)		(0.05	%)

(1)

The 2004 fourth quarter includes a $244 million after-tax ($400 million pretax) charge related to the exit plan implementation for the Company's Private Bank operations in Japan.

(2)

Includes treasury revenue, which was previously disclosed separately.

NM Not meaningful

Reclassified to conform to the current period's presentation.

25

ALTERNATIVE INVESTMENTS(1)
(In millions of dollars)

			1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Total Revenues, Net of Interest Expense			$	191		$	545		$	297		$	670		$	866		$	1,112		NM		$	736		$	1,978		NM
Total Operating Expenses				87			123			112			140			105			159		29	%		210			264		26	%
Provision for Loan Losses				1			(1	)		—			—			—			—		100	%		—			—		—
Income Before Taxes and Minority Interest				103			423			185			530			761			953		NM			526			1,714		NM
Income Taxes				34			138			58			168			267			334		NM			172			601		NM
Minority Interest, Net of Tax				36			7			10			22			132			234		NM			43			366		NM
Net Income			$	33		$	278		$	117		$	340		$	362		$	385		38	%	$	311		$	747		NM
	Assets (in billions)		$	8.6		$	8.4		$	8.4		$	8.9		$	9.7		$	10.9		30	%
	Average Risk Capital (in billions)		$	3.6		$	3.7		$	3.6		$	3.7		$	4.1		$	4.3		16	%	$	3.7		$	4.2		14	%
	Return on Risk Capital			4	%		30	%		13	%		36	%		36	%		36	%				17	%		36	%
	Return on Invested Capital			2	%		29	%		11	%		34	%		34	%		34	%				15	%		34	%
Total Revenues, Net of Interest Expense (by Business):
Client			$	60		$	58		$	68		$	87		$	62		$	83		43	%	$	118		$	145		23	%
Proprietary Investment Activities:																													—
	Private Equity			76			460			225			563			752			982		NM			536			1,734		NM
	Hedge Funds			50			(30	)		(15	)		7			30			(47	)	(57	%)		20			(17	)	NM
	Other			5			57			19			13			22			94		65	%		62			116		87	%
Total Proprietary Investment Activities				131			487			229			583			804			1,029		NM			618			1,833		NM
		Total	$	191		$	545		$	297		$	670		$	866		$	1,112		NM		$	736		$	1,978		NM
Total Revenues, Net of Interest Expense (by Type):
Client			$	60		$	58		$	68		$	87		$	62		$	83		43	%	$	118		$	145		23	%
Proprietary Investment Activities:																													—
	Fees/Dividends/Interest			38			92			50			89			81			86		(7	%)		130			167		28	%
	Realized & Unrealized Gains (including Public Mark-to-Market)			60			364			148			467			706			943		NM			424			1,649		NM
	Other			33			31			31			27			17			—		(100	%)		64			17		(73	%)
Total Proprietary Investment Activities				131			487			229			583			804			1,029		NM			618			1,833		NM
		Total	$	191		$	545		$	297		$	670		$	866		$	1,112		NM		$	736		$	1,978		NM
Capital Under Management (in billions):
Client			$	21.8		$	19.7		$	20.2		$	20.4		$	20.2		$	21.7		10	%
Proprietary Investment Activities				7.3			7.4			7.6			8.1			8.8			9.6		30	%
Capital Under Management			$	29.1		$	27.1		$	27.8		$	28.5		$	29.0		$	31.3		15	%

(1)

Includes Citigroup Venture Capital activities and certain other corporate investments.

NM Not meaningful

Reclassified to conform to the current period's presentation.

26

SUPPLEMENTAL INFORMATION
DISCONTINUED OPERATIONS(1)(2)
(In millions of dollars)

	1Q 2004		2Q 2004			3Q 2004		4Q 2004			1Q 2005		2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004		Six Months 2005		YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Life Insurance & Annuities Business:
Total Revenues, Net of Interest Expense	$	1,206	$	1,107		$	1,434	$	1,425		$	1,362	$	1,380		25	%	$	2,313	$	2,742	19	%
Total Operating Expenses		222		220			289		281			273		274		25	%		442		547	24	%
Provision for Benefits and Claims		649		627			853		788			692		712		14	%		1,276		1,404	10	%
Income Before Taxes		335		260			292		356			397		394		52	%		595		791	33	%
Income Taxes		86		96			47		113			124		114		19	%		182		238	31	%
Net Income	$	249	$	164		$	245	$	243		$	273	$	280		71	%	$	413	$	553	34	%
Asset Management Business:
Total Revenues, Net of Interest Expense	$	350	$	340		$	342	$	351		$	337	$	323		(5	%)	$	690	$	660	(4	%)
Total Operating Expenses		244		241			276		419			251		224		(7	%)		485		475	(2	%)
Provision for Benefits and Claims		—		—			—		—			—		—		—			—		—	—
Income Before Taxes and Minority Interest		106		99			66		(68	)		86		99		—			205		185	(10	%)
Income Taxes		41		36			29		(3	)		32		38		6	%		77		70	(9	%)
Minority Interest, Net of Tax		5		(1	)		—		5			1		(1	)	—			4		—	(100	%)
Net Income	$	60	$	64		$	37	$	(70	)	$	53	$	62		(3	%)	$	124	$	115	(7	%)
Total Discontinued Operations:
Total Revenues, Net of Interest Expense	$	1,556	$	1,447		$	1,776	$	1,776		$	1,699	$	1,703		18	%	$	3,003	$	3,402	13	%
Total Operating Expenses		466		461			565		700			524		498		8	%		927		1,022	10	%
Provision for Benefits and Claims		649		627			853		788			692		712		14	%		1,276		1,404	10	%
Income Before Taxes and Minority Interest		441		359			358		288			483		493		37	%		800		976	22	%
Income Taxes		127		132			76		110			156		152		15	%		259		308	19	%
Minority Interest, Net of Tax		5		(1	)		—		5			1		(1	)	—			4		—	(100	%)
Net Income	$	309	$	228		$	282	$	173		$	326	$	342		50	%	$	537	$	668	24	%

(1)

Discontinued Operations includes the operations from the Company's January 31, 2005 announced agreement for the sale of Citigroup's Travelers Life & Annuity, and substantially all of Citigroup's international insurance business, to MetLife, Inc. The transaction closed on July 1, 2005.

(2)

Discontinued Operations includes the operations from the Company's June 24, 2005 announced agreement for the sale of substantially all of Citigroup's Asset Management business to Legg Mason, Inc. The transaction is subject to certain domestic and international regulatory approvals, as well as other customary conditions to closing and is expected to close during the 2005 fourth quarter.

NM Not meaningful

Reclassified to conform to the current period's presentation.

27

Citigroup Segment Balance Sheet(1)
June 30, 2005
(In millions of dollars)

		Global Consumer			Corporate and Investment Banking			Global Wealth Management			Alternative Investments		Corporate/Other & Consolidating Eliminations			Discontinued Operations from LIA Sale		Discontinued Operations from AM Sale		Total Citigroup Consolidated (GAAP)
Assets:
Cash and due from banks		$	10,769		$	15,898		$	181		$	6	$	2,088		$	—	$	—	$	28,942
Deposits at interest with banks			5,726			25,055			495			43		3			—		—		31,322
Federal funds sold and securities borrowed or purchased under agreements to resell			2,524			229,491			354			—		—			—		—		232,369
Brokerage receivables			4			28,426			14,547			—		—			—		—		42,977
Trading account assets			2,642			277,564			638			—		191			—		—		281,035
Investments			49,191			93,871			716			10,026		11,783			—		—		165,587
Consumer loans			391,304			—			41,753			—		—			—		—		433,057
Corporate loans			—			123,865			—			102		20			—		—		123,987
	Loans, net of unearned income		391,304			123,865			41,753			102		20			—		—		557,044
Allowance for credit losses			(7,632	)		(2,704	)		(82	)		—		—			—		—		(10,418	)
	Total loans, net		383,672			121,161			41,671			102		20			—		—		546,626
Goodwill			25,588			5,877			378			—		392			—		—		32,235
Intangible assets			13,351			282			—			—		261			—		—		13,894
Reinsurance receivables			808			—			—			—		—			—		—		808
Separate and variable accounts			1,320			—			—			—		—			—		—		1,320
Other			36,451			27,243			4,059			716		7,836			—		—		76,305
Assets of discontinued operations held for sale			—			—			—			—		—			93,227		1,197		94,424
Total identifiable assets		$	532,046		$	824,868		$	63,039		$	10,893	$	22,574		$	93,227	$	1,197	$	1,547,844
Liabilities and Equity:
Total deposits		$	235,905		$	246,038		$	90,593		$	—	$	38		$	—	$	—	$	572,574
Federal funds purchased and securities loaned or sold under agreements to repurchase			8,358			242,354			2,062			—		—			—		—		252,774
Brokerage payables			—			49,771			3,829			—		—			—		—		53,600
Trading account liabilities			121			133,115			444			60		67			—		—		133,807
Contractholder funds and separate and variable accounts			1,670			—			—			—		—			—		—		1,670
Insurance policy and claims reserve			4,876			—			—			—		158			—		—		5,034
Investment banking and brokerage borrowings			—			24,727			—			—		—			—		—		24,727
Short-term borrowings			2,130			17,251			1,238			—		17,638			—		—		38,257
Long-term debt			44,853			59,718			—			—		106,775			—		—		211,346
Other liabilities			23,177			29,180			1,795			2,568		86			—		—		56,806
Liabilities of discontinued operations held for sale			—			—			—			—		—			83,813		399		84,212
Net intersegment funding/(lending)			210,956			22,714			(36,922	)		8,265		(215,225	)		9,414		798		—
Stockholders' equity			—			—			—			—		113,037			—		—		113,037
Total liabilities and equity allocation to businesses		$	532,046		$	824,868		$	63,039		$	10,893	$	22,574		$	93,227	$	1,197	$	1,547,844
Average Risk Capital for the Three Months Ended June 30, 2005:
Average Risk Capital(1)(2)(3)		$	27,344		$	21,097		$	2,092		$	4,315	$	(1,626	)					$	53,222

NOTE—The above supplemental information reflects the Company's consolidated period ending GAAP balance sheet broken out by reporting segment. The respective segment information closely depicts the assets and liabilities managed by each segment. While this presentation is not defined by GAAP (generally accepted accounting principles), the Company believes that these non-GAAP financial measures enhance investors understanding of the balance sheet components managed by the underlying business segments as well as the beneficial interrelationship of the asset and liability dynamics of the balance sheet components among the Company's business segments. The Company believes that investors may find it useful to see these non-GAAP financial measures to analyze financial performance. The table above provides the supplemental information and the corresponding GAAP financial measure at June 30, 2005.

This Segment Balance Sheet closely depicts the assets and liabilities managed by each of the respective business segments. The reported balances have been derived from the core financial reporting processes managed by the respective segment's finance organization. Adjustments have been made, where they are significant, to balances managed by one segment's financial infrastructure on behalf of another segment's customer base.

(1)

Preliminary

(2)

Risk Capital provides a better understanding of the capital resources employed in each segment. Risk Capital is defined as the amount of capital needed to cover unexpected economic losses during extreme events and is the denominator used in calculating Return on Risk Capital on page 29 of the supplement. Management believes Return on Risk Capital is useful to make incremental decisions and serves as a key metric for organic growth initiatives. Return on Risk Capital is a non-GAAP performance measure.

(3)

Total average risk capital is from continuing operations.

Reclassified to conform to the current period's presentation.

28

CITIGROUP—RETURN ON CAPITAL(1)

			Average Risk Capital($M)									Return on Risk Capital						Return on Investment Capital
			Second Quarter 2004			First Quarter 2005			Second Quarter 2005			Second Quarter 2004		First Quarter 2005		Second Quarter 2005		Second Quarter 2004		First Quarter 2005		Second Quarter 2005
Global Consumer:
	Cards		$	5,439		$	7,233		$	7,613		75	%	61	%	56	%	25	%	25	%	24	%
	Consumer Finance			3,798			3,876			3,855		63	%	66	%	67	%	21	%	23	%	24	%
	Retail Banking			13,345			15,241			15,876		36	%	35	%	31	%	17	%	18	%	16	%
	Other			—			—			—		—		—		—		—		—		—
		Total Global Consumer		22,582			26,350			27,344		55	%	44	%	42	%	22	%	20	%	19	%
Corporate and Investment Banking:
	Capital Markets and Banking			17,470			19,344			19,694		35	%	30	%	21	%	27	%	23	%	16	%
	Transaction Services			1,340			1,435			1,403		79	%	69	%	82	%	48	%	40	%	46	%
	Other			—			—			—		—		—		—		—		—		—
		Total Corporate and Investment Banking		18,810			20,779			21,097		(60	%)	33	%	26	%	(48	%)	24	%	19	%
Global Wealth Management:
	Smith Barney			1,290			876			927		66	%	91	%	103	%	50	%	63	%	73	%
	Private Bank			727			1,117			1,165		84	%	44	%	29	%	82	%	42	%	26	%
	Total Global Wealth Management			2,017			1,993			2,092		72	%	65	%	62	%	60	%	53	%	51	%
Alternative Investments				3,678			4,089			4,315		30	%	36	%	36	%	29	%	34	%	34	%
Corporate/Other(2)				(1,205	)		(1,681	)		(1,626	)	NM		NM		NM		NM		NM		NM
Total Citigroup—Risk Capital (Continuing Operations)(2)(3)			$	45,882		$	51,530		$	53,222		8	%	40	%	36	%
Total Citigroup—Return on Invested Capital (Net Income)(2)(4)																		5	%	20	%	19	%

(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)

On a Continuing Operations Basis. See Notes 4 and 5 on page 2.

(4)

Total Citigroup Return on Invested Capital equals Citigroup Return on Common Equity.

NM Not meaningful

29

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

					90 Days Or More Past Due(1)									EOP Loans			Net Credit Losses(1)									Averege Loans
					2Q04			1Q05			2Q05			2Q05			2Q04			1Q05			2Q05			2Q05
PRODUCT VIEW:
	Cards				$	2,808		$	2,753		$	2,634		$	158.0		$	2,373		$	2,081		$	2,113		$	157.5
		Ratio				1.82	%		1.74	%		1.67	%					6.27	%		5.23	%		5.38	%
			North America Cards			2,565			2,479			2,370			139.8			2,248			1,945			1,985			139.3
				Ratio		1.85	%		1.76	%		1.70	%					6.61	%		5.50	%		5.71	%
			International Cards			243			274			264			18.2			125			136			128			18.2
				Ratio		1.55	%		1.54	%		1.45	%					3.25	%		3.08	%		2.84	%
	Consumer Finance					1,948			1,875			1,726			101.6			857			797			784			103.7
		Ratio				1.96	%		1.80	%		1.70	%					3.52	%		3.08	%		3.03	%
			North America Consumer Finance			1,444			1,399			1,254			79.9			515			486			467			81.5
				Ratio		1.84	%		1.71	%		1.57	%					2.69	%		2.40	%		2.30	%
			International Consumer Finance			504			476			472			21.7			342			311			317			22.2
				Ratio		2.38	%		2.13	%		2.17	%					6.57	%		5.59	%		5.73	%
	Retail Banking (excluding Commercial Markets)					3,576			3,992			3,818			179.0			176			192			170			175.7
		Ratio				2.46	%		2.30	%		2.13	%					0.51	%		0.46	%		0.39	%
			North America Retail Banking			2,054			2,469			2,377			129.6			45			43			45			125.9
				Ratio		2.03	%		2.00	%		1.83	%					0.18	%		0.15	%		0.14	%
			International Retail Banking			1,522			1,523			1,441			49.4			131			149			125			49.8
				Ratio		3.46	%		3.05	%		2.92	%					1.28	%		1.20	%		1.01	%
	Private Bank					146			125			113			40.1			—			(5	)		(5	)		39.1
		Ratio				0.39	%		0.32	%		0.28	%					(0.01	%)		(0.05	%)		(0.05	%)
	Other Consumer Loans					—			—			—			1.7			—			—			—			1.2
Managed Loans (Excluding Commercial Markets)(2)					$	8,478		$	8,745		$	8,291		$	480.4		$	3,406		$	3,065		$	3,062		$	477.2
	Ratio					1.94	%		1.84	%		1.73	%					3.21	%		2.62	%		2.57	%
Securitized Receivables (all in North America Cards)						(1,222	)		(1,296	)		(1,231	)		(89.6	)		(1,244	)		(1,162	)		(1,307	)		(87.7	)
Loans Held-for-Sale						(133	)		(10	)		—			—			(46	)		(4	)		(9	)		(0.6	)
On-Balance Sheet Loans (Excluding Commercial Markets)					$	7,123		$	7,439		$	7,060		$	390.8		$	2,116		$	1,899		$	1,746		$	388.9
	Ratio					2.01	%		1.92	%		1.81	%					2.44	%		1.98	%		1.80	%
					Cash-Basis Loans(1)												Net Credit Losses(1)
	Commercial Markets Groups				$	1,173		$	593		$	495			38.3		$	31		$	26		$	51			39.6
		Ratio				2.96	%		1.56	%		1.29	%					0.31	%		0.28	%		0.52	%
Total Consumer Loans(2)(3)														$	429.1											$	428.5
REGIONAL VIEW (Excluding Commercial Markets)
					90 Days Or More Past Due(1)									EOP Loans			Net Credit Losses(1)									Averege Loans
					2Q04			1Q05			2Q05			2Q05			2Q04			1Q05			2Q05			2Q05
	North America (excluding Mexico)				$	5,758		$	5,957		$	5,542		$	365.9		$	2,763		$	2,428		$	2,441		$	362.1
		Ratio				1.73	%		1.65	%		1.51	%					3.42	%		2.74	%		2.71	%
	Mexico					380			436			482			9.8			45			47			52			9.6
		Ratio				5.07	%		4.70	%		4.93	%					2.35	%		2.07	%		2.16	%
	Europe, Middle East and Africa					1,720			1,732			1,647			37.2			204			227			235			37.8
		Ratio				5.02	%		4.50	%		4.43	%					2.40	%		2.39	%		2.49	%
	Japan					340			276			273			13.7			303			257			261			14.4
		Ratio				2.02	%		1.86	%		1.99	%					7.26	%		6.68	%		7.24	%
	Asia (excluding Japan)					248			316			318			50.3			88			101			93			49.9
		Ratio				0.57	%		0.64	%		0.63	%					0.88	%		0.82	%		0.75	%
	Latin America					32			28			29			3.5			3			5			(20	)		3.4
		Ratio				1.11	%		0.85	%		0.84	%					0.42	%		0.59	%		(2.33	%)
Managed Loans (Excluding Commercial Markets)(2)					$	8,478		$	8,745		$	8,291		$	480.4		$	3,406		$	3,065		$	3,062		$	477.2
	Ratio					1.94	%		1.84	%		1.73	%					3.21	%		2.62	%		2.57	%
Securitized Receivables (all in North America Cards)						(1,222	)		(1,296	)		(1,231	)		(89.6	)		(1,244	)		(1,162	)		(1,307	)		(87.7	)
Loans Held-for-Sale						(133	)		(10	)		—			—			(46	)		(4	)		(9	)		(0.6	)
On-Balance Sheet Loans (Excluding Commercial Markets)					$	7,123		$	7,439		$	7,060		$	390.8		$	2,116		$	1,899		$	1,746		$	388.9
	Ratio					2.01	%		1.92	%		1.81	%					2.44	%		1.98	%		1.80	%

(1)

The ratios of 90 days or more past due, cash-basis loans and net credit losses are calculated based on end-of-period and average loans, respectively, both net of unearned income.

(2)

This table presents consumer credit information on a managed basis and shows the impact of securitizations to reconcile to a held basis. Only North America 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 the Cards business on page 6.

(3)

Total Loans and Total Average Loans exclude certain interest and fees on credit cards of approximately $4 billion and $4 billion, respectively, which are included in Consumer Loans on the Consolidated Balance Sheet.

Reclassified to conform to the current period's presentation.

30

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

		1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Allowance for Credit Losses at Beginning of Period		$	12,643		$	12,506		$	12,715		$	12,034		$	11,269		$	10,894				$	12,643		$	11,269
Gross Credit (Losses)			(3,012	)		(2,660	)		(2,574	)		(2,627	)		(2,451	)		(2,452	)	8	%		(5,672	)		(4,903	)	14	%
Gross Recoveries			527			535			660			550			549			674		26	%		1,062			1,223		15	%
	Net Credit (Losses)/Recoveries (NCL's)		(2,485	)		(2,125	)		(1,914	)		(2,077	)		(1,902	)		(1,778	)	16	%		(4,610	)		(3,680	)	20	%
NCL'S—Excluding Loan Charge-offs with a Specific Reserve			2,343			2,078			1,665			1,919			1,797			1,608		(23	%)		4,421			3,405		(23	%)
General Reserve Releases			(171	)		(541	)		(752	)		(618	)		(20	)		(60	)	89	%		(712	)		(80	)	89	%
General Reserve Builds			—			—			66			12			—			133		—			—			133		—
Specific Reserve Builds			58			51			50			73			36			39		(24	%)		109			75		(31	%)
	Provision for Loan Losses		2,230			1,588			1,029			1,386			1,813			1,720		8	%		3,818			3,533		(7	%)
Other(1)			118			746			204			(74	)		(286	)		(418	)				864			(704	)	NM
Allowance for Credit Losses at End of Period		$	12,506		$	12,715		$	12,034		$	11,269		$	10,894		$	10,418				$	12,715		$	10,418
Corporate Allowance for Unfunded Lending Commitments(2)		$	600		$	600		$	600		$	600		$	600		$	700				$	600		$	700
Total Allowance for Loans, Leases and Unfunded Lending Commitments		$	13,106		$	13,315		$	12,634		$	11,869		$	11,494		$	11,118				$	13,315		$	11,118
Total Allowance for Loans, Leases and Unfunded Lending Commitments as a Percentage of Total Loans			2.71	%		2.60	%		2.43	%		2.16	%		2.10	%		2.00	%

(1)

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 2005 second quarter, reductions to the credit loss reserves consisted of $132 million related to securitizations and portfolio sales, $110 million of purchase accounting adjustments related to the KorAm acquisition, and a $79 million reclass to a non-credit related reserve.

•

For the 2005 first quarter, reductions to the credit loss reserves of $129 million related to securitizations and $90 million from the sale of CitiCapital's transportation portfolio.

•

For the 2004 second quarter, the addition of $715 million of credit loss reserves from the acquisition of KorAm Bank.

•

For the 2004 first quarter, the addition of $148 million of credit loss reserves related to the acquisition of Washington Mutual Finance Corporation.

(2)

Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

NM Not meaningful

31

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

		1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Allowance for Credit Losses at Beginning of Period		$	9,088		$	9,218		$	9,316		$	8,894		$	8,379		$	8,060				$	9,088		$	8,379
Gross Credit (Losses)			(2,746	)		(2,572	)		(2,390	)		(2,533	)		(2,379	)		(2,341	)	9	%		(5,318	)		(4,720	)	11	%
Gross Recoveries			439			425			455			451			454			544		28	%		864			998		16	%
	Net Credit (Losses)/Recoveries (NCL's)		(2,307	)		(2,147	)		(1,935	)		(2,082	)		(1,925	)		(1,797	)	16	%		(4,454	)		(3,722	)	16	%
NCL'S—Excluding Loan Charge-offs with a Specific Reserve			2,307			2,126			1,863			1,984			1,884			1,755		(17	%)		4,433			3,639		(18	%)
General Reserve Releases			(21	)		(191	)		(502	)		(468	)		(20	)		(60	)	69	%		(212	)		(80	)	62	%
General Reserve Builds			—		��	—			66			12			—			133		—			—			133		—
Specific Reserve Builds			4			—			4			21			5			7		—			4			12		NM
	Provision for Loan Losses		2,290			1,935			1,431			1,549			1,869			1,835		(5	%)		4,225			3,704		(12	%)
Other (2)			147			310			82			18			(263	)		(384	)				457			(647	)	NM
Allowance for Credit Losses at End of Period		$	9,218		$	9,316		$	8,894		$	8,379		$	8,060		$	7,714				$	9,316		$	7,714
Net Consumer Credit (Losses) as a Percentage of Average Consumer Loans			2.45	%		2.22	%		1.93	%		1.97	%		1.83	%		1.68	%
Consumer Allowance for Credit Losses As a Percentage of Total Consumer Loans			2.40	%		2.34	%		2.18	%		1.93	%		1.87	%		1.78	%

(1)

Includes Commercial Business loans and loans made to Private Bank clients.

(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 2005 second quarter, reductions to the credit loss reserves consisted of $132 million related to securitizations and portfolio sales, $110 million of purchase accounting adjustments related to the KorAm acquisition, and a $79 million reclass to a non-credit related reserve.

•

For the 2005 first quarter, reductions to the credit loss reserves of $129 million related to securitizations and $90 million from the sale of CitiCapital's transportation portfolio.

•

For the 2004 second quarter, the addition of $274 million of credit loss reserves from the acquisition of KorAm Bank.

•

For the 2004 first quarter, the addition of $148 million of credit loss reserves related to the acquisition of Washington Mutual Finance Corporation.

NM Not meaningful

32

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

		1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005			2Q 2005 vs. 2Q 2004 Increase/ (Decrease)		Six Months 2004			Six Months 2005			YTD 2005 vs. YTD 2004 Increase/ (Decrease)
Allowance for Credit Losses at Beginning of Period		$	3,555		$	3,288		$	3,399		$	3,140		$	2,890		$	2,834				$	3,555		$	2,890
Gross Credit (Losses)			(266	)		(88	)		(184	)		(94	)		(72	)		(111	)	(26	%)		(354	)		(183	)	48	%
Gross Recoveries			88			110			205			99			95			130		18	%		198			225		14	%
	Net Credit (Losses)/Recoveries (NCL's)		(178	)		22			21			5			23			19		(14	%)		(156	)		42		NM
NCL'S—Excluding Loan Charge-offs with a Specific Reserve			36			(48	)		(198	)		(65	)		(87	)		(147	)	NM			(12	)		(234	)	NM
General Reserve Releases			(150	)		(350	)		(250	)		(150	)		—			—		100	%		(500	)		—		100	%
General Reserve Builds			—			—			—			—			—			—		—			—			—		—
Specific Reserve Builds			54			51			46			52			31			32		(37	%)		105			63		(40	%)
	Provision for Loan Losses		(60	)		(347	)		(402	)		(163	)		(56	)		(115	)	67	%		(407	)		(171	)	58	%
Other (2)			(29	)		436			122			(92	)		(23	)		(34	)				407			(57	)	NM
Allowance for Credit Losses at End of Period		$	3,288		$	3,399		$	3,140		$	2,890		$	2,834		$	2,704				$	3,399		$	2,704
Net Corporate Credit (Losses) as a Percentage of Average Corporate Loans			0.73	%		NM			NM			NM			NM			NM
Corporate Allowance for Credit Losses As a Percentage of Total Corporate Loans			3.27	%		3.01	%		2.80	%		2.54	%		2.41	%		2.18	%
Corporate Allowance for Unfunded Lending Commitments(3)		$	600		$	600		$	600		$	600		$	600		$	700				$	600		$	700
Total Corporate Allowance for Loans, Leases and Unfunded Lending Commitments		$	3,888		$	3,999		$	3,740		$	3,490		$	3,434		$	3,404				$	3,999		$	3,404
Total Allowance for Loans, Leases and Unfunded Lending Commitments as a Percentage of Total Corporate Loans			3.87	%		3.54	%		3.33	%		3.07	%		2.92	%		2.75	%

(1)

Includes Loans related to the Corporate / Other segment.

(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:

•

The 2004 second quarter includes the addition of $441 million of credit loss reserves related to the acquisition of KorAm Bank.

(3)

Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

NM Not meaningful

33

NON-PERFORMING ASSETS
(In millions of dollars)

		1Q 2004			2Q 2004			3Q 2004			4Q 2004			1Q 2005			2Q 2005
CASH-BASIS AND RENEGOTIATED LOANS
Corporate Cash-Basis Loans
Collateral Dependent (at lower of cost or collateral value)		$	71		$	59		$	15		$	7		$	8		$	8
Other			2,842			2,560			2,185			1,899			1,724			1,588
	Total Corporate Cash-Basis Loans	$	2,913		$	2,619		$	2,200		$	1,906		$	1,732		$	1,596
Corporate Cash-Basis Loans
JENA(1)		$	805		$	748		$	553		$	483		$	510		$	406
Other International(2)(3)			2,108			1,871			1,647			1,423			1,222			1,190
	Total Corporate Cash-Basis Loans	$	2,913		$	2,619		$	2,200		$	1,906		$	1,732		$	1,596
Corporate Cash-Basis Loans as a % of Total Corporate Loans			2.90	%		2.32	%		1.96	%		1.68	%		1.47	%		1.29	%
Consumer Cash-Basis (excluding Commercial Markets)		$	4,693		$	4,399		$	4,452		$	4,728		$	4,477		$	4,204
Commercial Markets Cash-Basis Loans			1,213			1,173			1,000			735			593			495
	Total Consumer Cash-Basis Loans	$	5,906		$	5,572		$	5,452		$	5,463		$	5,070		$	4,699
CitiCapital Collateral Dependent Loans (included in Commercial Markets Cash-Basis Loans)		$	474		$	377		$	440		$	285		$	167		$	152
Renegotiated Loans (includes Corporate and Commercial Markets Loans)		$	124		$	111		$	95		$	83		$	36		$	31
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
Consumer(4)		$	396		$	369		$	373		$	320		$	286		$	248
Corporate and Investment Bank(4)			94			98			95			126			127			133
TOTAL OTHER REAL ESTATE OWNED		$	490		$	467		$	468		$	446		$	413		$	381
OTHER REPOSSESSED ASSETS(5)		$	123		$	97		$	100		$	93		$	74		$	49

(1)

JENA includes Japan, Western Europe and North America.

(2)

Other International includes Asia (excluding Japan), Mexico, Latin America, Central and Eastern Europe, the Middle East and Africa.

(3)

Includes $227 million, $313 million, $248 million,$209 million and $189 million of cash-basis loans for KorAm at June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, and June 30, 2005 respectively. The $20 million decrease from March 31, 2005, reflects the Company's ongoing review of KorAm's loan portfolio.

(4)

Represents repossessed real estate, carried at lower of cost or fair value, less costs to sell.

(5)

Primarily transportation equipment, carried at lower of cost or fair value, less costs to sell.

34

QuickLinks

Exhibit 99.2