Citigroup (C) 8-K Citigroup Reports Third Quarter Net Income of $7.14 Billion Third Quarter Eps of $1.38

Exhibit 99.3

Summary of Press Release Disclosed Items

Net Income Impact ($MM)

		3Q04			3Q05
Global Consumer
	Cards	$	128	(1)	$	(143	)(6, 7, 9, 12, 13)
	Consumer Finance		44	(1)		(126	)(9, 10, 13)
	Retail Banking		109	(1)		(115	)(8, 9, 10, 12, 13)
	Other		—			—
Corporate & Investment Banking
	Capital Markets and Banking		85	(1, 3, 4)		(10	)(7, 12, 13)
	Transaction Services		33	(1)		23	(7, 12, 13)
	Other		—			54	(11)
Global Wealth Management
	Smith Barney		—			—
	Private Bank		—			—
Alternative Investments			—			—
Corporate/Other			147	(2)		(4	)(9)
Discontinued Operations			47	(5)		2,123	(13, 14)

1.

Release of reserve for credit losses to reflect continued improvement in credit quality of $686 pre-tax ($450 after tax). After-tax comprised of $128 in Cards, $109 in Retail Banking (includes build of $66 pre-tax—$44 after-tax), $44 in Consumer Finance, $136 in CM&B and $33 GTS). After-tax regional breakdown: releases of $238 in North America, $103 in Mexico, $15 in Japan, $30 in Asia, $99 in Latin America and build of $35 in EMEA.

2.

Tax reserve release of $147 in Corporate/Other.

3.

Increase in legal reserve of ($100) pre-tax (($64) after-tax) in CM&B.

4.

Gain on sale of part of Nikko Cordial stake of $20 pre-tax ($13 after-tax) in CM&B.

5.

Tax benefit related to Argentina of $47 in Discontinued Operations.

6.

Temporary increase in bankruptcy filings resulted in approximately ($200) pre-tax (($124) after-tax) increase in credit costs in Cards.

7.

LLR build of $150 pre-tax ($94 after-tax), comprised of $143 pre-tax ($89 after-tax) in CM&B and $7 pre-tax ($5 after-tax) in GTS.

8.

Settlement of litigation regarding the purchase of Copelco of $185 pre-tax ($108 after-tax).

9.

Impact of Hurricane Katrina of ($357) pre-tax (($222) after-tax) comprised of ($110) pre-tax (($69) after-tax) in Cards, ($180) pre-tax (($113) after-tax) in Consumer Finance, ($60) pre-tax (($36) after-tax) in Retail Banking, and ($7) pre-tax (($4) after-tax) in Corporate Other.

10.

Standardization of loan write-off policies in EMEA increased credit costs ($490) pre-tax (($332) after-tax) comprised of ($14) pre-tax (($9) after-tax) in Consumer Finance and ($476) pre-tax (($323) after-tax) in Retail Banking.

11.

Global Crossing and other insurance recoveries of $90 pre-tax ($54 after-tax) in CIB other.

12.

Mexico VAT credit of $182 pre-tax ($117 after-tax) comprised of $42 pre-tax ($27 after-tax) in Cards, $122 pre-tax ($79 after-tax) in Retail Banking, $14 pre-tax ($9 after-tax) in CM&B and $4 pre-tax ($2 after-tax) in GTS.

13.

HIA tax benefit of $188 comprised of $37 in Cards (comprised of $41 in Mexico, offset by a net ($4) in other regions), ($4) in Consumer Finance, $57 in Retail Banking (comprised of $66 in Mexico, offset by a net ($9) in other regions), $70 in CM&B, $26 in GTS and $3 in Discontinued Operations.

14.

Gain on sale of Life Insurance & Annuities of $2.12Bn and retention bonus of ($33) in Discontinued Operations.