Exhibit 99.3
Exhibit 99.1
2Q’05 2Q’060Summary of Press Release Disclosed Items Net Income Impact ($MM) Temporary increase in bankruptcy filings resulted in approximately ($175) pre-tax (($114) after-tax) increase in credit costs in U.S. Cards. Increase loan loss reserves in Germany primarily reflecting increased experience with the effects of bankruptcy law liberalization of ($127) pre-tax (($81) after-tax) in International Retail Banking. Increase in the allowance for unfunded commitments to corporate clients of ($100) pre-tax (($65) after-tax) comprised of ($96) pre-tax (($62) after-tax) in CM&B and ($4) pre-tax (($3) after-tax) in GTS. Restructuring of Mexico government notes of $97 pre-tax ($63 after-tax) comprised of $78 pre-tax ($50 after-tax) in International Retail Banking and $19 pre-tax ($13 after-tax) in CM&B. Tax benefit related to resolution of an audit of $65 comprised of $21 in US Cards, $5 in Retail Distribution, $6 in Consumer Lending, $3 in International Cards, $10 in Intl Retail Banking, $12 in CM&B, $3 in GTS, $2 in Private Bank and $3 in Alternative Investments. Gain on the sale of upstate New York branches to M&T of $163 pre-tax ($92 after-tax) comprised of $132 pre-tax ($74 after-tax) in Retail Distribution and $31 pre-tax ($18 after-tax) in Commercial Business Group. Note: Impact of 2Q’06 LLR activity can be found on page 37 of the Financial Supplement. Cards $(93) (1, 5) -- Retail Distribution 5 (5) $74 (6) Consumer Lending 6 (5) -- Commercial Business Group -- 18 (6) U.S. Consumer (83) 92 Cards 3 (5) -- Consumer Finance -- -- Retail Banking (21) (2, 4, 5) -- International Consumer (17) -- Other Consumer -- -- Global Consumer (100) 92 Capital Markets and Banking (37) (3, 4, 5) -- Transaction Services -- -- Other -- --Corporate & Investment Banking (37) -- Smith Barney -- -- Private Bank 2 (5) -- Global Wealth Management 2 -- Alternative Investments 3 (5) -- Corporate / Other -- -- Discontinued Operations -- -- |