Citigroup (C) 8-K Results Reflect Write-downs on Sub-prime Related Direct Exposures In Fixed Income Markets and Increased Credit Costs Related to U.s. Consumer Loans

Exhibit 99.2

 

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT 4Q07

	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:		8 - 9
U.S.
U.S. Cards		10 - 11
U.S. Retail Distribution		12 - 13
U.S. Consumer Lending		14 - 15
U.S. Commercial Business		16
International
International Cards		17 - 18
International Consumer Finance		19 - 20
International Retail Banking		21 - 22
Markets & Banking:		23
Income Statement		24
Revenue Details		25
Securities and Banking		26
Transaction Services		27
Global Wealth Management:		28
Smith Barney		29
Private Bank		30
Alternative Investments		31
Citigroup Supplemental Detail
Return on Capital		32
Average Balances and Interest Rates		33
Consumer Loan Delinquency Amounts, Net Credit Losses and Ratios		34
Allowance for Credit Losses:
Total Citigroup		35
Consumer Loans		36
Corporate Loans		37
Components of Provision for Loan Losses		38
Non-Performing Assets		39

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

Citi, 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.

																									4Q07 vs.	Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/	Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)	2006			2007			(Decrease)
Income (Loss) from Continuing Operations	$	5,555		$	5,262		$	5,303		$	5,129		$	5,012		$	6,226		$	2,212		$	(9,833	)	NM	$	21,249		$	3,617		(83	)%
Discontinued Operations, After-tax	84			3			202			—			—			—			—			—			—	289			—			(100	)%
Net Income (Loss)	$	5,639		$	5,265		$	5,505		$	5,129		$	5,012		$	6,226		$	2,212		$	(9,833	)	NM	$	21,538		$	3,617		(83	)%
Diluted Earnings Per Share:
Income (Loss) from Continuing Operations	$	1.11		$	1.05		$	1.06		$	1.03		$	1.01		$	1.24		$	0.44		$	(1.99	)	NM	$	4.25		$	0.72		(83	)%
Net Income (Loss)	$	1.12		$	1.05		$	1.10		$	1.03		$	1.01		$	1.24		$	0.44		$	(1.99	)	NM	$	4.31		$	0.72		(83	)%
Adjusted weighted average common shares applicable to Diluted EPS (in millions)	5,007.9			4,990.0			4,978.6			4,967.7			4,967.9			4,992.9			5,010.9			4,931.9		(1)		4,986.1			4,995.3
Preferred Dividends - Diluted	$	16		$	16		$	16		$	16		$	16		$	14		$	6		$	—			$	64		$	36
Common Shares Outstanding, at period end (in millions)	4,971.2			4,943.9			4,913.7			4,912.0			4,946.4			4,974.6			4,981.1			4,994.6
Tier 1 Capital Ratio	8.60		%	8.51		%	8.64		%	8.59		%	8.26		%	7.91		%	7.32		%	7.1		%*
Total Capital Ratio	11.80		%	11.68		%	11.88		%	11.65		%	11.48		%	11.23		%	10.61		%	10.9		%*
Leverage Ratio	5.22		%	5.19		%	5.24		%	5.16		%	4.84		%	4.37		%	4.13		%	4.0		%*
Total Assets, at period end (in billions)	$	1,586.2		$	1,626.6		$	1,746.2		$	1,884.3		$	2,021.0		$	2,220.9		$	2,358.3		$	2,182.7	*
Stockholders’ Equity, at period end (in billions)	$	114.4		$	115.4		$	117.9		$	119.8		$	122.1		$	127.8		$	127.1		$	113.6	*
Equity and Trust Securities, at period end (in billions)	$	120.6		$	122.0		$	125.9		$	129.4		$	131.5		$	137.8		$	138.7		$	137.2	*
Book Value Per Share, at period end	$	22.82		$	23.15		$	23.78		$	24.18		$	24.48		$	25.56		$	25.48		$	22.74	*
Return on Common Equity (Net Income)	20.3		%	18.6		%	18.9		%	17.2		%	17.1		%	20.1		%	6.9		%	(32.4		)%		18.8		%	2.9		%
Return on Risk Capital (Income from Continuing Operations)	41		%	38		%	37		%	35		%	31		%	35		%	12		%	(46		)%		38		%	5		%

(1)  Diluted shares are equal to Basic Shares for the fourth quarter of 2007 due to the Net Loss.  Diluted shares would result in anti-dilution.

*  Preliminary

1

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

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Global Consumer:
U.S. Cards	$	926		$	878		$	1,085		$	1,001		$	897		$	726		$	852		$	398		(60	)%	$	3,890		$	2,873		(26	)%
U.S. Retail Distribution	515			568			481			463			388			453			257			245			(47	)%	2,027			1,343			(34	)%
U.S. Consumer Lending	437			470			521			484			359			441			(227		)	(1,199		)	NM		1,912			(626		)	NM
U.S. Commercial Business	126			138			151			146			121			151			122			124			(15	)%	561			518			(8	)%
Total U.S. Consumer (1)	2,004			2,054			2,238			2,094			1,765			1,771			1,004			(432		)	NM		8,390			4,108			(51	)%
International Cards	291			328			287			231			388			351			647			678			NM		1,137			2,064			82	%
International Consumer Finance	168			173			50			(351		)	25			(6		)	(320		)	(207		)	41	%	40			(508		)	NM
International Retail Banking	677			714			701			748			540			671			552			874			17	%	2,840			2,637			(7	)%
Total International Consumer	1,136			1,215			1,038			628			953			1,016			879			1,345			NM		4,017			4,193			4	%
Other	(67		)	(92		)	(81		)	(111		)	(85		)	(91		)	(100		)	(157		)	(41	)%	(351		)	(433		)	(23	)%
Total Global Consumer	3,073			3,177			3,195			2,611			2,633			2,696			1,783			756			(71	)%	12,056			7,868			(35	)%
Markets & Banking:
Securities and Banking	1,618			1,412			1,344			1,389			2,173			2,145			(290		)	(11,632		)	NM		5,763			(7,604		)	NM
Transaction Services	323			340			385			378			447			514			590			664			76	%	1,426			2,215			55	%
Other	(12		)	(29		)	(8		)	(13		)	1			173			(20		)	(18		)	(38	)%	(62		)	136			NM
Total Markets & Banking	1,929			1,723			1,721			1,754			2,621			2,832			280			(10,986		)	NM		7,127			(5,253		)	NM
Global Wealth Management:
Smith Barney	168			238			294			305			324			321			379			327			7	%	1,005			1,351			34	%
Private Bank	119			109			105			106			124			193			110			196			85	%	439			623			42	%
Total Global Wealth Management	287			347			399			411			448			514			489			523			27	%	1,444			1,974			37	%
Alternative Investments	353			257			117			549			222			456			(67		)	61			(89	)%	1,276			672			(47	)%
Corporate / Other (2)	(87		)	(242		)	(129		)	(196		)	(912		)	(272		)	(273		)	(187		)	5	%	(654		)	(1,644		)	NM
Income (Loss) From Continuing Operations	5,555			5,262			5,303			5,129			5,012			6,226			2,212			(9,833		)	NM		21,249			3,617			(83	)%
Discontinued Operations (3)	84			3			202			—			—			—			—			—					—			289
Net Income (Loss)	$	5,639		$	5,265		$	5,505		$	5,129		$	5,012		$	6,226		$	2,212		$	(9,833	)	NM		$	21,538		$	3,617		(83	)%

(1)	U.S. disclosure includes Canada and Puerto Rico.
(2)	The 2007 first quarter includes a $1,377 million ($871 million after-tax) Restructuring charge related to the Company’s Structural Expense Initiatives project announced on April 11, 2007.
(3)	Discontinued Operations relates to residual items from the Company’s sale of Citigroup’s Travelers Life & Annuity which closed during the 2005 third quarter and the Company’s sale of substantially all of its Asset Management business which closed 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)  

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
U.S. (1)
Global Consumer	$	1,937		$	1,962		$	2,157		$	1,983		$	1,680		$	1,680		$	904		$	(589	)	NM		$	8,039		$	3,675		(54	)%
Markets & Banking	515			747			540			407			999			984			(692		)	(8,828		)	NM		2,209			(7,537		)	NM
Global Wealth Management	228			290			342			350			361			335			333			387			11	%	1,210			1,416			17	%
Total U.S.	2,680			2,999			3,039			2,740			3,040			2,999			545			(9,030		)	NM		11,458			(2,446		)	NM
Mexico
Global Consumer	358			375			395			477			372			360			244			411			(14	)%	1,605			1,387			(14	)%
Markets & Banking	78			88			95			85			114			95			125			62			(27	)%	346			396			14	%
Global Wealth Management	8			10			9			9			12			15			10			9			0	%	36			46			28	%
Total Mexico	444			473			499			571			498			470			379			482			(16	)%	1,987			1,829			(8	)%
Europe, Middle East and Africa (EMEA)
Global Consumer	185			215			213			112			83			148			58			215			92	%	725			504			(30	)%
Markets & Banking	635			342			489			545			694			803			(25		)	(3,374		)	NM		2,011			(1,902		)	NM
Global Wealth Management	3			5			7			8			7			46			4			20			NM		23			77			NM
Total EMEA	823			562			709			665			784			997			37			(3,139		)	NM		2,759			(1,321		)	NM
Japan
Global Consumer	188			178			79			(326		)	45			32			(224		)	21			NM		119			(126		)	NM
Markets & Banking	85			72			38			77			35			124			(96		)	65			(16	)%	272			128			(53	)%
Global Wealth Management	—			—			—			—			—			30			60			5			—		—			95			—
Total Japan	273			250			117			(249		)	80			186			(260		)	91			NM		391			97			(75	)%
Asia (excluding Japan)
Global Consumer	347			359			328			332			383			426			334			606			83	%	1,366			1,749			28	%
Markets & Banking	414			336			391			510			561			567			727			723			42	%	1,651			2,578			56	%
Global Wealth Management	45			40			38			40			65			74			79			96			NM		163			314			93	%
Total Asia	806			735			757			882			1,009			1,067			1,140			1,425			62	%	3,180			4,641			46	%
Latin America
Global Consumer	58			88			23			33			70			50			467			92			NM		202			679			NM
Markets & Banking	202			138			168			130			218			259			241			366			NM		638			1,084			70	%
Global Wealth Management	3			2			3			4			3			14			3			6			50	%	12			26			NM
Total Latin America	263			228			194			167			291			323			711			464			NM		852			1,789			NM
Alternative Investments	353			257			117			549			222			456			(67		)	61			(89	)%	1,276			672			(47	)%
Corporate / Other	(87		)	(242		)	(129		)	(196		)	(912		)	(272		)	(273		)	(187		)	5	%	(654		)	(1,644		)	NM
Income (Loss) From Continuing Operations	5,555			5,262			5,303			5,129			5,012			6,226			2,212			(9,833		)	NM		21,249			3,617			(83	)%
Discontinued Operations	84			3			202			—			—			—			—			—					—			289
Net Income (Loss)	$	5,639		$	5,265		$	5,505		$	5,129		$	5,012		$	6,226		$	2,212		$	(9,833	)	NM		$	21,538		$	3,617		(83	)%
Total International	$	2,609		$	2,248		$	2,276		$	2,036		$	2,662		$	3,043		$	2,007		$	(677	)	NM		$	9,169		$	7,035		(23	)%

(1)    Excludes Alternative Investments and Corporate / Other which are predominantly related to the U.S. The U.S. regional disclosure includes Canada and Puerto Rico. Global Consumer for the U.S. includes Other Consumer.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

3

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

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Global Consumer:
U.S. Cards	$	3,234		$	3,251		$	3,452		$	3,571		$	3,294		$	3,181		$	3,386		$	3,557		0	%	$	13,508		$	13,418		(1	)%
U.S. Retail Distribution	2,296			2,499			2,382			2,407			2,426			2,545			2,539			2,699			12	%	9,584			10,209			7	%
U.S. Consumer Lending	1,260			1,307			1,481			1,471			1,551			1,606			1,548			1,754			19	%	5,519			6,459			17	%
U.S. Commercial Business	470			516			489			508			443			446			359			401			(21	)%	1,983			1,649			(17	)%
Total U.S. Consumer (1)	7,260			7,573			7,804			7,957			7,714			7,778			7,832			8,411			6	%	30,594			31,735			4	%
International Cards	1,280			1,510			1,519			1,650			1,739			2,013			2,852			2,624			59	%	5,959			9,228			55	%
International Consumer Finance	962			1,009			998			349			890			843			782			667			91	%	3,318			3,182			(4	)%
International Retail Banking	2,467			2,555			2,550			2,946			2,759			3,030			3,225			3,864			31	%	10,518			12,878			22	%
Total International Consumer	4,709			5,074			5,067			4,945			5,388			5,886			6,859			7,155			45	%	19,795			25,288			28	%
Other	(14		)	(19		)	(37		)	(20		)	4			(2		)	(8		)	(33		)	(65	)%	(90		)	(39		)	57	%
Total Global Consumer	11,955			12,628			12,834			12,882			13,106			13,662			14,683			15,533			21	%	50,299			56,984			13	%
Markets & Banking:
Securities and Banking	5,896			5,269			4,567			5,486			7,313			7,121			2,270			(14,020		)	NM		21,218			2,684			(87	)%
Transaction Services	1,382			1,495			1,500			1,594			1,645			1,840			2,063			2,292			44	%	5,971			7,840			31	%
Other	1			(3		)	—			—			(1		)	—			—			(1		)	—		(2		)	(2		)	0	%
Total Markets & Banking	7,279			6,761			6,067			7,080			8,957			8,961			4,333			(11,729		)	NM		27,187			10,522			(61	)%
Global Wealth Management:
Smith Barney	1,987			1,990			1,994			2,189			2,246			2,611			2,892			2,780			27	%	8,160			10,529			29	%
Private Bank	496			502			492			527			572			586			617			682			29	%	2,017			2,457			22	%
Total Global Wealth Management	2,483			2,492			2,486			2,716			2,818			3,197			3,509			3,462			27	%	10,177			12,986			28	%
Alternative Investments	675			584			334			1,308			562			1,032			125			384			(71	)%	2,901			2,103			(28	)%
Corporate / Other	(209		)	(283		)	(299		)	(158		)	16			(222		)	(257		)	(434		)	NM		(949		)	(897		)	5	%
Total Net Revenues	$	22,183		$	22,182		$	21,422		$	23,828		$	25,459		$	26,630		$	22,393		$	7,216		(70	)%	$	89,615		$	81,698		(9	)%

(1)  U.S. disclosure includes Canada and Puerto Rico.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

4

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

																								4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q		2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007		2007			2007			2007			(Decrease)		2006			2007			(Decrease)
U.S. (1)
Global Consumer	$	7,246		$	7,554		$	7,767		$	7,937		$	7,718	$	7,776		$	7,824		$	8,378		6	%	$	30,504		$	31,696		4	%
Markets & Banking	2,923			2,803			2,007			2,422			3,714		3,041			37			(11,763		)	NM		10,155			(4,971		)	NM
Global Wealth Management	2,154			2,149			2,153			2,337			2,385		2,439			2,454			2,509			7	%	8,793			9,787			11	%
Total U.S.	12,323			12,506			11,927			12,696			13,817		13,256			10,315			(876		)	NM		49,452			36,512			(26	)%
Mexico
Global Consumer	1,149			1,192			1,238			1,612			1,377		1,354			1,404			1,642			2	%	5,191			5,777			11	%
Markets & Banking	186			199			197			199			227		183			247			157			(21	)%	781			814			4	%
Global Wealth Management	31			33			32			33			36		41			38			38			15	%	129			153			19	%
Total Mexico	1,366			1,424			1,467			1,844			1,640		1,578			1,689			1,837			0	%	6,101			6,744			11	%
Europe, Middle East and Africa (EMEA)
Global Consumer	1,270			1,360			1,353			1,404			1,446		1,618			1,738			1,847			32	%	5,387			6,649			23	%
Markets & Banking	2,296			2,043			2,166			2,252			2,827		2,993			1,398			(2,983		)	NM		8,757			4,235			(52	)%
Global Wealth Management	75			83			83			90			108		137			139			159			77	%	331			543			64	%
Total EMEA	3,641			3,486			3,602			3,746			4,381		4,748			3,275			(977		)	NM		14,475			11,427			(21	)%
Japan
Global Consumer	775			807			782			91			615		680			649			853			NM		2,455			2,797			14	%
Markets & Banking	296			269			177			310			212		453			133			393			27	%	1,052			1,191			13	%
Global Wealth Management	—			—			—			—			—		286			547			411			—		—			1,244			—
Total Japan	1,071			1,076			959			401			827		1,419			1,329			1,657			NM		3,507			5,232			49	%
Asia (excluding Japan)
Global Consumer	1,189			1,244			1,209			1,291			1,359		1,464			1,520			1,910			48	%	4,933			6,253			27	%
Markets & Banking	1,132			1,062			1,080			1,440			1,404		1,635			1,822			1,635			14	%	4,714			6,496			38	%
Global Wealth Management	180			181			171			206			234		242			277			285			38	%	738			1,038			41	%
Total Asia	2,501			2,487			2,460			2,937			2,997		3,341			3,619			3,830			30	%	10,385			13,787			33	%
Latin America
Global Consumer	326			471			485			547			591		770			1,548			903			65	%	1,829			3,812			NM
Markets & Banking	446			385			440			457			573		656			696			832			82	%	1,728			2,757			60	%
Global Wealth Management	43			46			47			50			55		52			54			60			20	%	186			221			19	%
Total Latin America	815			902			972			1,054			1,219		1,478			2,298			1,795			70	%	3,743			6,790			81	%
Alternative Investments	675			584			334			1,308			562		1,032			125			384			(71	)%	2,901			2,103			(28	)%
Corporate /Other	(209		)	(283		)	(299		)	(158		)	16		(222		)	(257		)	(434		)	NM		(949		)	(897		)	5	%
Total Net Revenues	$	22,183		$	22,182		$	21,422		$	23,828		$	25,459	$	26,630		$	22,393		$	7,216		(70	)%	$	89,615		$	81,698		(9	)%
Total International	$	9,394		$	9,375		$	9,460		$	9,982		$	11,064	$	12,564		$	12,210		$	8,142		(18	)%	$	38,211		$	43,980		15	%

(1)  Excludes Alternative Investments and Corporate / Other which are predominantly related to the U.S.  The U.S. regional disclosure includes Canada and Puerto Rico.  Global Consumer for the U.S. includes Other Consumer.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

5

CITIGROUP CONSOLIDATED STATEMENT OF INCOME
(In millions of dollars)  

																					4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q		4Q		1Q		2Q		3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006		2006		2007		2007		2007			2007			(Decrease)		2006			2007			(Decrease)
Revenues
Interest revenue	$	21,880		$	23,585		$	24,753	$	26,279	$	28,174	$	30,646	$	33,029		$	32,618		24	%	$	96,497		$	124,467		29	%
Interest expense	12,107			13,717			14,901		16,218		17,562		19,172		20,804			19,993			23	%	56,943			77,531			36	%
Net interest revenue	9,773			9,868			9,852		10,061		10,612		11,474		12,225			12,625			25	%	39,554			46,936			19	%
Insurance premiums	770			800			819		813		838		846		893			957			18	%	3,202			3,534			10	%
Commissions and fees	5,140			5,261			3,920		4,923		5,602		6,632		4,053			4,845			(2	)%	19,244			21,132			10	%
Principal transactions	2,165			1,773			2,014		2,047		3,168		2,629		(244		)	(17,632		)	NM		7,999			(12,079		)	NM
Administrative and other fiduciary fees	1,705			1,707			1,670		1,852		1,949		2,241		2,468			2,514			36	%	6,934			9,172			32	%
Realized gains (losses) from sales of investments	379			302			304		806		473		119		263			313			(61	)%	1,791			1,168			(35	)%
Other revenue	2,251			2,471			2,843		3,326		2,817		2,689		2,735			3,594			8	%	10,891			11,835			9	%
Total non-interest revenues	12,410			12,314			11,570		13,767		14,847		15,156		10,168			(5,409		)	NM		50,061			34,762			(31	)%
Total revenues, net of interest expense	22,183			22,182			21,422		23,828		25,459		26,630		22,393			7,216			(70	)%	89,615			81,698			(9	)%
Provisions for Credit Losses and for Benefits and Claims
Policyholder benefits and claims	227			231			274		235		261		197		236			241			3	%	967			935			(3	)%
Provision for loan losses	1,396			1,436			1,793		2,113		2,706		2,520		4,776			7,422			NM		6,738			17,424			NM
Provision for unfunded lending commitments	50			150			50		—		—		—		50			100			—		250			150			(40	)%
Total provisions for credit losses and for benefits and claims	1,673			1,817			2,117		2,348		2,967		2,717		5,062			7,763			NM		7,955			18,509			NM
Operating Expenses
Compensation and benefits	8,263			7,374			6,718		7,922		8,699		8,922		7,730			9,084			15	%	30,277			34,435			14	%
Net occupancy expense	1,382			1,411			1,435		1,613		1,529		1,603		1,748			1,800			12	%	5,841			6,680			14	%
Technology / communication expense	886			934			948		994		979		1,143		1,166			1,245			25	%	3,762			4,533			20	%
Advertising and marketing expense	603			652			574		734		617		767		800			751			2	%	2,563			2,935			15	%
Restructuring-related items	—			—			—		—		1,377		63		35			53			—		—			1,528			—
Other operating	2,224			2,398			2,261		2,695		2,370		2,357		3,082			3,568			32	%	9,578			11,377			19	%
Total operating expenses	13,358			12,769			11,936		13,958		15,571		14,855		14,561			16,501			18	%	52,021			61,488			18	%
Income (Loss) from Continuing Operations before Income Taxes and Minority Interest	7,152			7,596			7,369		7,522		6,921		9,058		2,770			(17,048		)	NM		29,639			1,701			(94	)%
Provision (benefits) for income taxes	1,537			2,303			2,020		2,241		1,862		2,709		538			(7,310		)	NM		8,101			(2,201		)	NM
Minority interest, net of income taxes	60			31			46		152		47		123		20			95			(38	)%	289			285			(1	)%
Income (Loss) from Continuing Operations	5,555			5,262			5,303		5,129		5,012		6,226		2,212			(9,833		)	NM		21,249			3,617			(83	)%
Discontinued Operations (1)
Income from Discontinued Operations	1			—			26		—		—		—		—			—					27			—
Gain on Sale	21			—			198		—		—		—		—			—					219			—
Provision for income taxes and minority interest, net of taxes	(62		)	(3		)	22		—		—		—		—			—					(43		)	—
Income from Discontinued Operations, net	84			3			202		—		—		—		—			—					289			—
Net Income (Loss)	$	5,639		$	5,265		$	5,505	$	5,129	$	5,012	$	6,226	$	2,212		$	(9,833	)	NM		$	21,538		$	3,617		(83	)%

(1) Discontinued Operations relates to residual items from the Company’s sale of Citigroup’s Travelers Life & Annuity which closed during the 2005 third quarter and the Company’s sale of substantially all of its Asset Management business which closed during the 2005 fourth quarter.

Reclassified to conform to the current period’s presentation.

6

CITIGROUP CONSOLIDATED BALANCE SHEET (In millions of dollars)  

																									December 31, 2007
																									vs.
	March 31,			June 30,			September 30,			December 31,			March 31,			June 30,			September 30,			December 31,			December 31, 2006
	2006			2006			2006			2006			2007			2007			2007			2007 (1)			Inc (Decr)
Assets
Cash and due from banks (including segregated cash and other deposits)	$	21,411		$	24,311		$	22,543		$	26,514		$	24,421		$	30,635		$	38,226		$	38,206		44	%
Deposits with banks	33,220			35,868			33,939			42,522			44,906			70,897			58,713			69,366			63	%
Federal funds sold and securities borrowed or purchased under agreements to resell	239,552			234,390			262,627			282,817			303,925			348,129			383,217			274,066			(3	)%
Brokerage receivables	42,569			46,162			40,970			44,445			51,976			61,144			69,062			57,359			29	%
Trading account assets	328,135			327,890			351,149			393,925			460,065			538,316			581,220			538,984			37	%
Investments	193,970			194,953			251,748			273,591			286,567			257,880			240,828			215,008			(21	)%
Loans, net of unearned income
Consumer	462,068			480,772			488,673			512,921			519,105			551,223			570,891			592,307			15	%
Corporate	143,239			156,313			166,709			166,271			174,239			191,701			203,078			185,686			12	%
Loans, net of unearned income	605,307			637,085			655,382			679,192			693,344			742,924			773,969			777,993			15	%
Allowance for loan losses	(9,505		)	(9,144		)	(8,979		)	(8,940		)	(9,510		)	(10,381		)	(12,728		)	(16,117		)	(80	)%
Total loans, net	595,802			627,941			646,403			670,252			683,834			732,543			761,241			761,876			14	%
Goodwill	32,933			32,910			33,169			33,415			34,380			39,231			39,949			41,204			23	%
Intangible assets	15,092			15,850			15,725			15,901			19,330			22,975			23,651			22,687			43	%
Other assets	83,517			86,276			87,975			100,936			111,562			119,116			162,159			163,950			62	%
Total assets	$	1,586,201		$	1,626,551		$	1,746,248		$	1,884,318		$	2,020,966		$	2,220,866		$	2,358,266		$	2,182,706		16	%
Liabilities
Non-interest-bearing deposits in U.S. offices	$	37,885		$	38,018		$	36,358		$	38,615		$	39,296		$	41,740		$	38,842		$	40,859		6	%
Interest-bearing deposits in U.S. offices	176,032			177,385			183,467			195,002			198,840			196,481			211,147			225,198			15	%
Non-interest-bearing deposits in offices outside the U.S.	34,323			32,981			32,721			35,149			36,328			39,132			43,052			43,335			23	%
Interest-bearing deposits in offices outside the U.S.	379,118			397,421			416,732			443,275			464,057			494,408			519,809			516,838			17	%
Total deposits	627,358			645,805			669,278			712,041			738,521			771,761			812,850			826,230			16	%
Federal funds purchased and securities loaned or sold under agreements to repurchase	279,540			264,494			320,095			349,235			393,670			394,143			440,369			304,243			(13	)%
Brokerage payables	70,214			74,970			97,229			85,119			88,722			96,528			94,830			84,951			—
Trading account liabilities	144,888			142,983			138,876			145,887			173,902			217,992			215,623			182,082			25	%
Short-term borrowings	58,130			72,581			70,501			100,833			111,179			167,139			194,304			146,455			45	%
Long-term debt	227,165			239,557			260,089			288,494			310,768			340,077			364,526			427,112			48	%
Other liabilities (2)	64,488			70,733			72,315			82,926			82,121			105,472			108,651			98,035			18	%
Total liabilities	1,471,783			1,511,123			1,628,383			1,764,535			1,898,883			2,093,112			2,231,153			2,069,108			17	%
Stockholders’ equity
Preferred Stock	1,000			1,000			1,000			1,000			1,000			600			200			—			(100	)%
Common Stock	55			55			55			55			55			55			55			55			—
Additional paid-in capital	17,119			17,426			17,825			18,253			17,341			17,725			18,297			18,007			(1	)%
Retained earnings	120,703			123,497			126,544			129,267			131,395			134,932			134,445			121,920			(6	)%
Treasury stock	(21,753		)	(23,199		)	(24,737		)	(25,092		)	(23,833		)	(22,588		)	(22,329		)	(21,724		)	13	%
Accumulated other comprehensive income (loss)	(2,706		)	(3,351		)	(2,822		)	(3,700		)	(3,875		)	(2,970		)	(3,555		)	(4,660		)	(26	)%
Total stockholders’ equity	114,418			115,428			117,865			119,783			122,083			127,754			127,113			113,598			(5	)%
Total liabilities and stockholders’ equity	$	1,586,201		$	1,626,551		$	1,746,248		$	1,884,318		$	2,020,966		$	2,220,866		$	2,358,266		$	2,182,706		16	%

(1)

Preliminary.

(2)

Includes allowance for credit losses for letters of credit and unfunded lending commitments of $900 million, $1,050 million, $1,100 million, and $1,100 million for the first, second, third, and fourth quarters of 2006, respectively, and $1,100 million for the first and second quarters of 2007, $1,150 million for the third quarter of 2007 and $1,250 million for the fourth quarter of 2007, respectively.

Reclassified to conform to the current period’s presentation.

7

GLOBAL CONSUMER Page 1 (In millions of dollars)  

																						4Q07 vs.		Full			Full		FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q		2Q		3Q		4Q			4Q06 Increase/		Year			Year		FY 2006 Increase/
	2006			2006			2006			2006			2007		2007		2007		2007			(Decrease)		2006			2007		(Decrease)
Global Consumer:
Net Interest Revenue	$	7,231		$	7,494		$	7,560		$	7,095		$	7,686	$	8,237	$	8,353	$	8,656		22	%	$	29,380		$	32,932	12	%
Non-Interest Revenue	4,724			5,134			5,274			5,787			5,420		5,425		6,330		6,877			19	%	20,919			24,052		15	%
Total Revenues, Net of Interest Expense	11,955			12,628			12,834			12,882			13,106		13,662		14,683		15,533			21	%	50,299			56,984		13	%
Total Operating Expenses	6,357			6,379			6,316			6,881			6,760		7,063		7,506		7,969			16	%	25,933			29,298		13	%
Net Credit Losses	1,636			1,754			1,816			2,060			2,131		2,092		2,554		3,006			46	%	7,266			9,783		35	%
Credit Reserve Build / (Release)	(195		)	(336		)	(96		)	(27		)	294		481		2,013		3,522			NM		(654		)	6,310		NM
Provision for Benefits & Claims	227			231			274			235			261		196		234		236			—		967			927		(4	)%
Provisions for Loan Losses and for Benefits and Claims	1,668			1,649			1,994			2,268			2,686		2,769		4,801		6,764			NM		7,579			17,020		NM
Income Before Taxes and Minority Interest	3,930			4,600			4,524			3,733			3,660		3,830		2,376		800			(79	)%	16,787			10,666		(36	)%
Income Taxes	847			1,400			1,312			1,107			1,017		1,104		568		(62		)	NM		4,666			2,627		(44	)%
Minority Interest, Net of Tax	10			23			17			15			10		30		25		106			NM		65			171		NM
Net Income	$	3,073		$	3,177		$	3,195		$	2,611		$	2,633	$	2,696	$	1,783	$	756		(71	)%	$	12,056		$	7,868	(35	)%
Key Indicators (in billions of dollars):
Average Managed Loans	$	509.0		$	526.2		$	537.9		$	552.7		$	566.0	$	588.2	$	606.6	$	631.1		14	%
Average Deposits	$	243.6		$	247.4		$	253.9		$	263.5		$	273.4	$	289.3	$	298.6	$	305.8		16	%
Total Branches	7,440			7,670			7,933			8,110			8,140		8,202		8,294		8,527			5	%

Reclassified to conform to the current period’s presentation.

8

GLOBAL CONSUMER Page 2 (In millions of dollars)  

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
U.S.:
Net Interest Revenue	$	4,145		$	4,202		$	4,165		$	4,200		$	4,227		$	4,333		$	4,320		$	4,600		10	%	$	16,712		$	17,480		5	%
Non-Interest Revenue	3,115			3,371			3,639			3,757			3,487			3,445			3,512			3,811			1	%	13,882			14,255			3	%
Total Revenues, Net of Interest Expense	7,260			7,573			7,804			7,957			7,714			7,778			7,832			8,411			6	%	30,594			31,735			4	%
Total Operating Expenses	3,569			3,551			3,426			3,603			3,629			3,644			3,710			4,062			13	%	14,149			15,045			6	%
Net Credit Losses	915			907			939			1,057			1,079			1,090			1,217			1,746			65	%	3,818			5,132			34	%
Credit Reserve Build / (Release)	(196		)	(274		)	(197		)	(127		)	182			245			1,296			3,305			NM		(794		)	5,028			NM
Provision for Benefits & Claims	182			194			220			180			209			169			187			192			7	%	776			757			(2	)%
Provisions for Loan Losses and for Benefits and Claims	901			827			962			1,110			1,470			1,504			2,700			5,243			NM		3,800			10,917			NM
Income (Loss) Before Taxes and Minority Interest	2,790			3,195			3,416			3,244			2,615			2,630			1,422			(894		)	NM		12,645			5,773			(54	)%
Income Taxes	777			1,121			1,162			1,137			842			845			413			(471		)	NM		4,197			1,629			(61	)%
Minority Interest, Net of Tax	9			20			16			13			8			14			5			9			(31	)%	58			36			(38	)%
Net Income (Loss)	$	2,004		$	2,054		$	2,238		$	2,094		$	1,765		$	1,771		$	1,004		$	(432	)	NM		$	8,390		$	4,108		(51	)%
Total Revenues excluding the Impact of Credit Card Securitizations (1)	$	8,130		$	8,391		$	8,599		$	8,806		$	8,643		$	8,776		$	8,956		$	9,611
Key Indicators (in billions of dollars):
Average Managed Loans	$	400.8		$	413.7		$	421.8		$	430.5		$	440.0		$	447.6		$	457.4		$	472.7		10	%
Average Deposits	$	99.1		$	100.8		$	105.5		$	113.1		$	119.2		$	120.9		$	122.9		$	124.0		10	%
Total Branches	3,205			3,253			3,353			3,441			3,488			3,433			3,482			3,545			3	%
International:
Net Interest Revenue	$	3,133		$	3,343		$	3,445		$	2,945		$	3,489		$	3,938		$	4,072		$	4,120		40	%	$	12,866		$	15,619		21	%
Non-Interest Revenue	1,576			1,731			1,622			2,000			1,899			1,948			2,787			3,035			52	%	6,929			9,669			40	%
Total Revenues, Net of Interest Expense	4,709			5,074			5,067			4,945			5,388			5,886			6,859			7,155			45	%	19,795			25,288			28	%
Total Operating Expenses	2,621			2,701			2,769			3,110			2,976			3,264			3,627			3,683			18	%	11,201			13,550			21	%
Net Credit Losses	721			847			877			1,003			1,052			1,002			1,337			1,260			26	%	3,448			4,651			35	%
Credit Reserve Build / (Release)	1			(62		)	101			100			112			236			717			217			NM		140			1,282			NM
Provision for Benefits & Claims	45			37			54			55			52			27			47			44			(20	)%	191			170			(11	)%
Provisions for Loan Losses and for Benefits and Claims	767			822			1,032			1,158			1,216			1,265			2,101			1,521			31	%	3,779			6,103			61	%
Income Before Taxes and Minority Interest	1,321			1,551			1,266			677			1,196			1,357			1,131			1,951			NM		4,815			5,635			17	%
Income Taxes	184			333			227			47			241			325			232			509			NM		791			1,307			65	%
Minority Interest, Net of Tax	1			3			1			2			2			16			20			97			NM		7			135			NM
Net Income	$	1,136		$	1,215		$	1,038		$	628		$	953		$	1,016		$	879		$	1,345		NM		$	4,017		$	4,193		4	%
Key Indicators (in billions of dollars):
Average Loans	$	108.2		$	112.5		$	116.1		$	122.2		$	126.0		$	140.6		$	149.2		$	158.4		30	%
Average Deposits	$	144.5		$	146.6		$	148.4		$	150.4		$	154.2		$	168.4		$	175.7		$	181.8		21	%
Total Branches	4,235			4,417			4,580			4,669			4,652			4,769			4,812			4,982			7	%
Other Consumer:
Net Interest Revenue	$	(47	)	$	(51	)	$	(50	)	$	(50	)	$	(30	)	$	(34	)	$	(39	)	$	(64	)	(28	)%	$	(198	)	$	(167	)	16	%
Non-Interest Revenue	33			32			13			30			34			32			31			31			3	%	108			128			19	%
Total Revenues, Net of Interest Expense	(14		)	(19		)	(37		)	(20		)	4			(2		)	(8		)	(33		)	(65	)%	(90		)	(39		)	57	%
Total Operating Expenses	167			127			121			168			155			155			169			224			33	%	583			703			21	%
Income Before Taxes	(181		)	(146		)	(158		)	(188		)	(151		)	(157		)	(177		)	(257		)	(37	)%	(673		)	(742		)	—
Income Taxes	(114		)	(54		)	(77		)	(77		)	(66		)	(66		)	(77		)	(100		)	(30	)%	(322		)	(309		)	4	%
Net Income	$	(67	)	$	(92	)	$	(81	)	$	(111	)	$	(85	)	$	(91	)	$	(100	)	$	(157	)	(41	)%	$	(351	)	$	(433	)	(23	)%

(1)	For details on the impact of credit card securitizations, see page 10.
NM	Not meaningful

Reclassified to conform to the current period’s presentation.

9

GLOBAL CONSUMER
U.S.
CARDS - Page 1
(In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com.   **    Revenues were even with the prior-year period as higher net interest revenues, up 15%, and a $136 million pre-tax gain on sale of MasterCard shares, were offset by lower securitization results.  Lower securitization revenues primarily reflected the net impact of higher funding costs and higher credit losses in the securitization trusts.  Net interest revenues grew due to higher loans held on balance sheet.  On a managed basis, revenues increased 8% as lower net interest margins, due to higher funding costs, were offset by growth in average managed loans and the gain on MasterCard shares.   **    Average managed loans grew 4%, driven by an 8% increase in purchase sales and growth in travel, business, and partner portfolios.  Loan growth included a 7% increase in non-promotional balances, reflecting increased new customer originations through Citi proprietary distribution channels, increased card usage by existing customers, and a slight decrease in payment rates.   **    Expenses grew 19% due to a $292 million pre-tax charge related to Citi’s pro-rata share of certain Visa, Inc.-related litigation exposure.  Excluding the litigation charge, expenses were even with the prior-year period.   **    Higher credit costs were driven by a $493 million pre-tax charge to increase loan loss reserves, reflecting a weakening of leading credit indicators in the portfolio and trends in the macro-economic environment.  Increased credit costs also reflected higher net credit losses, up 36%, driven by higher bankruptcy filings and increased delinquency flows.  The managed net credit loss ratio increased 76 basis points to 5.11%.   **    The net income decline was driven by significantly higher credit costs and increased expenses due to the Visa-related litigation charge.

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	1,200		$	1,180		$	1,164		$	1,148		$	1,073		$	1,085		$	1,037		$	1,322		15	%	$	4,692		$	4,517		(4	)%
Non-Interest Revenue	2,034			2,071			2,288			2,423			2,221			2,096			2,349			2,235			(8	)%	8,816			8,901			1	%
Total Revenues, Net of Interest Expense (1)	3,234			3,251			3,452			3,571			3,294			3,181			3,386			3,557			—		13,508			13,418			(1	)%
Total Operating Expenses	1,532			1,554			1,447			1,535			1,485			1,452			1,503			1,822			19	%	6,068			6,262			3	%
Net Credit Losses	446			447			456			439			439			408			399			595			36	%	1,788			1,841			3	%
Credit Reserve Build / (Release)	(72		)	(160		)	(122		)	(37		)	(44		)	224			134			493			NM		(391		)	807			NM
Provision for Benefits & Claims	21			25			26			18			21			12			20			15			(17	)%	90			68			(24	)%
Provision for Loan Losses and for Benefits and Claims	395			312			360			420			416			644			553			1,103			NM		1,487			2,716			83	%
Income Before Taxes and Minority Interest	1,307			1,385			1,645			1,616			1,393			1,085			1,330			632			(61	)%	5,953			4,440			(25	)%
Income Taxes and Minority Interest	381			507			560			615			496			359			478			234			(62	)%	2,063			1,567			(24	)%
Net Income	$	926		$	878		$	1,085		$	1,001		$	897		$	726		$	852		$	398		(60	)%	$	3,890		$	2,873		(26	)%
Average Assets (in billions of dollars)	$	63		$	63		$	64		$	62		$	63		$	61		$	58		$	65		5	%	$	63		$	62		(2	)%
Return on Assets	5.96		%	5.59		%	6.73		%	6.41		%	5.77		%	4.77		%	5.83		%	2.43		%			6.17		%	4.63		%
Net Credit Loss Ratio	4.27		%	4.11		%	4.22		%	4.30		%	4.58		%	4.39		%	4.39		%	5.55		%
Average Risk Capital	$	5,563		$	5,591		$	5,628		$	5,544		$	5,452		$	5,265		$	5,213		$	5,609		1	%	$	5,581		$	5,384		(4	)%
Return on Risk Capital	68		%	63		%	76		%	72		%	67		%	55		%	65		%	28		%			70		%	53		%
Return on Invested Capital	28		%	26		%	32		%	30		%	28		%	23		%	27		%	13		%			29		%	22		%
KEY INDICATORS - Managed Basis (2)  (in billions of dollars)
Managed Revenues:(in millions of dollars)
Total GAAP Revenues	$	3,234		$	3,251		$	3,452		$	3,571		$	3,294		$	3,181		$	3,386		$	3,557		—		$	13,508		$	13,418		(1	)%
Net Impact of Cardit Card Securitization Activity (3)	870			818			795			849			929			998			1,124			1,200			41	%	3,332			4,251			28	%
Total Managed Revenues	$	4,104		$	4,069		$	4,247		$	4,420		$	4,223		$	4,179		$	4,510		$	4,757		8	%	$	16,841		$	17,669		5	%
Return on Managed Assets	2.59		%	2.42		%	2.91		%	2.71		%	2.37		%	1.99		%	2.28		%	1.03		%
Average Managed Loans:
Securitized	$	94.7		$	94.5		$	97.3		$	99.1		$	97.3		$	97.5		$	101.2		$	99.6		1	%
Held for Sale	0.3			—			0.5			0.2			3.0			3.3			3.0			2.7			NM
On Balance Sheet	42.3			43.6			42.8			40.5			38.9			37.3			35.9			42.5			5	%
Total Managed	$	137.3		$	138.1		$	140.6		$	139.8		$	139.2		$	138.1		$	140.1		$	144.8		4	%
Bankcards	$	110.4		$	110.3		$	110.6		$	109.2		$	108.4		$	107.4		$	108.4		$	112.1		3	%
Private Label	26.9			27.8			30.0			30.6			30.8			30.7			31.7			32.7			7	%
Total Managed	$	137.3		$	138.1		$	140.6		$	139.8		$	139.2		$	138.1		$	140.1		$	144.8		4	%
End of Period Managed Loans:
Bankcards	$	109.7		$	111.3		$	110.3		$	111.6		$	107.3		$	108.9		$	109.9		$	116.4		4	%
Private Label	26.2			29.4			30.5			32.4			30.2			31.2			31.8			34.4			6	%
Total	$	135.9		$	140.7		$	140.8		$	144.0		$	137.5		$	140.1		$	141.7		$	150.8		5	%

(1)	The 2006 first quarter, 2006 second quarter, 2006 third quarter, 2006 fourth quarter, 2007 first quarter, 2007 second quarter, 2007 third quarter and 2007 fourth quarter include releases of $90 million, $125 million, $109 million, $74 million, $98 million, $144 million, $73 million and $157 million, respectively, from the allowance for credit losses related to loan receivables that were either securitized or transferred to loans held-for-sale during the quarter.
(2)	Managed basis presentation includes results from both the on-balance sheet loans and off- balance sheet loans, and excludes the impact of card securitization activity.  Managed disclosures assume that securitized loans have not been sold and present the results of the securitized loans in the same manner as the Company’s owned loans.
(3)	Net impact of Securitization Activity includes the removal of securitization-related items that are part of GAAP revenues such as the gain on sale of credit card loans, mark-to-market revenue for interests retained in securitized assets classified as Trading, and net credit losses on loans that are considered sold for GAAP purposes.
NM Not meaningful
Reclassified to conform to the current period’s presentation.

10

GLOBAL CONSUMER
U.S. CARDS - Page 2 (In millions of dollars)

																										4Q07 vs.
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/
		2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)
SUPPLEMENTAL DISCLOSURE - Managed Basis (1):
EOP Open Accounts (in millions)		131.1			144.4			151.1			153.2			150.0			147.5			146.4			149.1			(3	)%
Purchase Sales (in billions of dollars) (2)		$	68.4		$	77.9		$	77.0		$	81.0		$	72.4		$	82.2		$	81.6		$	87.8		8	%
Managed Average Yield (3)	Bankcards	12.85		%	12.52		%	12.61		%	12.82		%	13.00		%	12.93		%	13.19		%	12.78		%
	Private Label	19.55		%	19.02		%	19.14		%	18.63		%	18.51		%	18.62		%	18.73		%	17.85		%
	Total	14.16		%	13.83		%	14.00		%	14.09		%	14.22		%	14.19		%	14.44		%	13.93		%
Managed Net Interest Revenue	Bankcards	$	2,471		$	2,292		$	2,332		$	2,364		$	2,248		$	2,272		$	2,379		$	2,377		1	%
(in millions of dollars) (4)	Private Label	1,076			1,112			1,312			1,296			1,223			1,286			1,348			1,328			2	%
	Total	$	3,547		$	3,404		$	3,644		$	3,660		$	3,471		$	3,558		$	3,727		$	3,705		1	%
Managed Net Interest Revenue as	Bankcards	9.09		%	8.33		%	8.37		%	8.59		%	8.40		%	8.49		%	8.71		%	8.41		%
a% of Average Managed Loans	Private Label	16.22		%	16.04		%	17.35		%	16.80		%	16.10		%	16.80		%	16.87		%	16.11		%
	Total	10.48		%	9.89		%	10.28		%	10.39		%	10.11		%	10.33		%	10.55		%	10.15		%
Managed Net Credit Margin	Bankcards	$	2,146		$	1,942		$	1,904		$	1,994		$	1,878		$	1,846		$	2,047		$	2,075		4	%
(in millions of dollars) (5)	Private Label	617			669			792			855			716			736			826			784			(8	)%
	Total	$	2,763		$	2,611		$	2,696		$	2,849		$	2,594		$	2,582		$	2,873		$	2,859		—
Managed Net Credit Margin as	Bankcards	7.88		%	7.06		%	6.83		%	7.24		%	7.03		%	6.89		%	7.49		%	7.34		%
a% of Average Managed Loans	Private Label	9.30		%	9.65		%	10.47		%	11.09		%	9.43		%	9.62		%	10.34		%	9.51		%
	Total	8.16		%	7.58		%	7.61		%	8.09		%	7.56		%	7.50		%	8.14		%	7.83		%
Managed Net Credit Losses	Bankcards	$	948		$	1,040		$	1,124		$	1,116		$	1,143		$	1,138		$	1,134		$	1,314		18	%
(in millions of dollars)	Private Label	373			376			384			417			446			427			453			552			32	%
	Total	$	1,321		$	1,416		$	1,508		$	1,533		$	1,589		$	1,565		$	1,589		$	1,866		22	%
Coincident Managed Net	Bankcards	3.49		%	3.78		%	4.03		%	4.05		%	4.27		%	4.25		%	4.15		%	4.65		%
Credit Loss Ratio:	Private Label	5.62		%	5.42		%	5.08		%	5.41		%	5.87		%	5.58		%	5.49		%	6.70		%
	Total	3.90		%	4.11		%	4.26		%	4.35		%	4.63		%	4.55		%	4.53		%	5.11		%
12 Month Lagged Managed Net Credit Loss Ratio		3.83		%	4.20		%	4.45		%	4.46		%	4.70		%	4.55		%	4.44		%	5.30		%
Managed Loans 90+Days Past Due	Bankcards	$	1,536		$	1,530		$	1,580		$	1,619		$	1,520		$	1,449		$	1,572		$	1,871		16	%
	Private Label	825			705			675			715			642			605			688			786			10	%
	Total	$	2,361		$	2,235		$	2,255		$	2,334		$	2,162		$	2,054		$	2,260		$	2,657		14	%
% of EOP Managed Loans	Bankcards	1.40		%	1.37		%	1.43		%	1.45		%	1.42		%	1.33		%	1.43		%	1.61		%
	Private Label	3.15		%	2.40		%	2.21		%	2.21		%	2.13		%	1.94		%	2.16		%	2.28		%
	Total	1.74		%	1.58		%	1.60		%	1.62		%	1.57		%	1.47		%	1.59		%	1.76		%

(1)	Managed basis presentation includes results from both the on-balance sheet loans and off- balance sheet loans, and excludes the impact of card securitization activity.  Managed disclosures assume that securitized loans have not been sold and present the results of the securitized loans in the same manner as the Company’s owned loans.
(2)	Purchase Sales represents customers’ purchased sales plus cash advances.
(3)	Gross interest revenue earned divided by average managed loans.
(4)	Includes certain fees that are recorded as interest revenue.
(5)	Total Revenues, net of Interest Expense, less Net Credit Losses.
Reclassified to conform to the current period’s presentation.

11

GLOBAL CONSUMER
U.S.
RETAIL DISTRIBUTION - Page 1
(In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com.   **    Revenues grew 12%, driven by higher average loans and deposits, up 23% and 8%, respectively, and gains on asset sales.  Volume growth was partially offset by lower net interest margins, reflecting a shift in customer deposits to higher cost Direct Bank and time deposit balances.    **    Expenses increased 6% due to investment in new branches and higher customer activity.  During the quarter, 48 new Citibank branches and 31 new consumer finance branches were opened.     **    Credit costs increased substantially, driven by higher net credit losses and a $376 million pre-tax charge to increase loan loss reserves.  Higher credit costs reflected a weakening of leading credit indicators, including higher delinquencies in unsecured personal loans and sales finance, trends in the macroeconomic environment, and portfolio growth.  The net credit loss ratio increased 45 basis points to 3.33%, reflecting increased bankruptcy filings.      **    The net income decline was driven by significantly higher credit costs.

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	1,451		$	1,497		$	1,521		$	1,511		$	1,529		$	1,602		$	1,646		$	1,723		14	%	$	5,980		$	6,500		9	%
Non-Interest Revenue	845			1,002			861			896			897			943			893			976			9	%	3,604			3,709			3	%
Total Revenues, Net of Interest Expense	2,296			2,499			2,382			2,407			2,426			2,545			2,539			2,699			12	%	9,584			10,209			7	%
Total Operating Expenses	1,221			1,200			1,201			1,256			1,323			1,340			1,314			1,327			6	%	4,878			5,304			9	%
Net Credit Losses	279			288			282			337			335			360			388			479			42	%	1,186			1,562			32	%
Credit Reserve Build / (Release)	(55		)	(31		)	(29		)	(59		)	(1		)	—			299			376			NM		(174		)	674			NM
Provision for Benefits & Claims	163			168			193			162			188			157			167			177			9	%	686			689			—
Provision for Loan Losses and for Benefits and Claims	387			425			446			440			522			517			854			1,032			NM		1,698			2,925			72	%
Income Before Taxes	688			874			735			711			581			688			371			340			(52	)%	3,008			1,980			(34	)%
Income Taxes	173			306			254			248			193			235			114			95			(62	)%	981			637			(35	)%
Net Income	$	515		$	568		$	481		$	463		$	388		$	453		$	257		$	245		(47	)%	$	2,027		$	1,343		(34	)%
Average Assets (in billions of dollars)	$	66		$	69		$	70		$	72		$	74		$	77		$	80		$	84		17	%	$	69		$	79		14	%
Return on Assets	3.16		%	3.30		%	2.73		%	2.55		%	2.13		%	2.36		%	1.27		%	1.16		%			2.94		%	1.70		%
Average Risk Capital	$	3,459		$	3,520		$	3,591		$	3,638		$	3,414		$	3,705		$	3,791		$	3,754		3	%	$	3,552		$	3,666		3	%
Return on Risk Capital	60		%	65		%	53		%	50		%	46		%	49		%	27		%	26		%			57		%	37		%
Return on Invested Capital	23		%	24		%	21		%	20		%	18		%	19		%	11		%	11		%			22		%	15		%
Revenues by Business:
Citibank Branches	$	737		$	904		$	765		$	743		$	781		$	877		$	842		$	936		26	%	$	3,149		$	3,436		9	%
CitiFinancial Branches	1,008			1,037			1,052			1,098			1,064			1,105			1,141			1,185			8	%	4,195			4,495			7	%
Primerica Financial Services	551			558			565			566			581			563			556			578			2	%	2,240			2,278			2	%
Total Revenues, Net of Interest Expense	$	2,296		$	2,499		$	2,382		$	2,407		$	2,426		$	2,545		$	2,539		$	2,699		12	%	$	9,584		$	10,209		7	%
Net Income by Business:
Citibank Branches	$	100		$	165		$	79		$	36		$	42		$	90		$	62		$	89		NM		$	380		$	283		(26	)%
CitiFinancial Branches	265			264			270			278			215			226			62			13			(95	)%	1,077			516			(52	)%
Primerica Financial Services	150			139			132			149			131			137			133			143			(4	)%	570			544			(5	)%
Total Net Income	$	515		$	568		$	481		$	463		$	388		$	453		$	257		$	245		(47	)%	$	2,027		$	1,343		(34	)%

Reclassified to conform to the current period’s presentation.

12

GLOBAL CONSUMER
U.S.
RETAIL DISTRIBUTION - Page 2

																										4Q07 vs.
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/
		2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)
KEY INDICATORS:
Average Loans	Citibank Branches	$	9.4		$	9.8		$	10.5		$	10.9		$	11.3		$	12.9		$	14.2		$	15.3		40	%
(in billions of dollars)	CitiFinancial Branches	33.1			33.8			34.7			35.5			36.3			37.6			39.4			41.7			17	%
	Total	$	42.5		$	43.6		$	45.2		$	46.4		$	47.6		$	50.5		$	53.6		$	57.0		23	%
Average Loans by Product	Real estate secured loans	$	22.3		$	23.0		$	23.7		$	24.3		$	25.0		$	27.3		$	29.0		$	30.2		24	%
(in billions of dollars)	Personal loans	15.2			15.5			16.2			16.7			17.1			17.8			19.1			20.6			23	%
	Sales finance and other	5.0			5.1			5.3			5.4			5.5			5.4			5.5			6.2			15	%
	Total	$	42.5		$	43.6		$	45.2		$	46.4		$	47.6		$	50.5		$	53.6		$	57.0		23	%
Net Interest Revenue	Citibank Branches	$	501		$	505		$	508		$	479		$	517		$	564		$	571		$	606		27	%
(in millions of dollars)	CitiFinancial Branches	891			933			950			972			960			990			1,031			1,072			10	%
	Primerica Financial Services	59			59			63			60			52			48			44			45			(25	)%
	Total	$	1,451		$	1,497		$	1,521		$	1,511		$	1,529		$	1,602		$	1,646		$	1,723		14	%
Net Credit Loss Ratio		2.66		%	2.65		%	2.48		%	2.88		%	2.85		%	2.86		%	2.87		%	3.33		%
Loans 90+ Days Past Due (in millions of dollars)		$	740		$	717		$	780		$	834		$	847		$	830		$	991		$	1,146		37	%
% of EOP Loans		1.73		%	1.62		%	1.69		%	1.73		%	1.75		%	1.60		%	1.79		%	1.97		%
Number of Branches:	Citibank	906			892			931			972			993			1,001			1,015			1,046			8	%
	CitiFinancial	2,299			2,361			2,422			2,469			2,495			2,432			2,467			2,499			1	%
	Total	3,205			3,253			3,353			3,441			3,488			3,433			3,482			3,545			3	%
Total EOP Accounts (in millions)	Citibank Branches (1)	10.7			10.9			11.1			11.4			12.2			10.8			11.1			11.2			(2	)%
	CitiFinancial Branches	5.3			5.4			5.5			5.6			5.5			5.6			5.8			5.9			5	%
	Primerica Financial Services	4.9			4.9			5.0			4.8			5.0			5.0			5.1			5.0			4	%
	Total (1)	20.9			21.2			21.6			21.8			22.7			21.4			22.0			22.1			1	%
Citibank Branches - Average Balances (in billions of dollars)
Checking, Savings & Money Market Deposits		$	64.1		$	64.1		$	64.7		$	66.2		$	72.3		$	74.1		$	73.4		$	73.0		10	%
Time Deposits, CDs and Other		16.2			17.9			22.5			27.1			25.9			24.3			26.1			27.7			2	%
Total Deposits		$	80.3		$	82.0		$	87.2		$	93.3		$	98.2		$	98.4		$	99.5		$	100.7		8	%
Checking Accounts (in millions)		3.6			3.6			3.8			3.9			3.9			4.0			4.1			4.1			5	%
Primerica Financial Services:
Life Insurance in Force (in billions of dollars)		$	583.9		$	596.4		$	602.8		$	605.5		$	614.0		$	623.5		$	638.0		$	638.0		5	%
Loan Volumes (in millions of dollars)		$	1,087.0		$	1,104.0		$	917.0		$	1,026.2		$	964.2		$	1,194.9		$	1,137.6		$	1,172.4		14	%
Mutual Fund Sales at NAV (in millions of dollars)		$	971		$	951		$	824		$	867		$	1,039		$	1,006		$	896		$	913		5	%
Variable Annuity Net Written Premiums & Deposits (in millions of dollars)		$	388		$	362		$	345		$	346		$	452		$	383		$	396		$	424		23	%
Investment AUMs (EOP) (in billions of dollars)		$	31.2		$	31.3		$	32.5		$	34.4		$	34.9		$	37.0		$	37.9		$	37.5		9	%

(1)  During the second quarter of 2007, Retail Distribution transferred approximately 1 million accounts to Smith Barney related to the consolidation of Citicorp Investment Services into Smith Barney.

Reclassified to conform to the current period’s presentation.

13

GLOBAL CONSUMER
U.S. CONSUMER LENDING - Page 1 (In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com.   **    Revenues increased 19%, primarily driven by higher net servicing revenues, increased gains on sale of loans and securities, and 11% growth in average loans.  Higher net servicing revenues were driven by a 68% increase in mortgage servicing assets.  Results include the acquisition of ABN AMRO Mortgage Group in March 2007.   **    Real estate loan originations declined 16% reflecting modified loan approval criteria and a significant curtailment of activity with third-party loan originators.   **    Expenses grew 34%, primarily driven by the acquisition of the ABN AMRO business, increased business volumes, and higher staffing costs related to collections.   **    Credit costs increased substantially, driven by higher net credit losses and a $2.42 billion pre-tax charge to increase loan loss reserves.  Higher credit costs were primarily driven by a weakening of leading credit indicators, including higher delinquencies in 1st and 2nd mortgages and auto loans.  Credit costs increased also due to trends in the macro-economic environment, including the housing market downturn.   **    The net loss reflected higher credit costs and expenses.  

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	1,207		$	1,214		$	1,185		$	1,235		$	1,350		$	1,389		$	1,376		$	1,318		7	%	$	4,841		$	5,433		12	%
Non-Interest Revenue	53			93			296			236			201			217			172			436			85	%	678			1,026			51	%
Total Revenues, Net of Interest Expense	1,260			1,307			1,481			1,471			1,551			1,606			1,548			1,754			19	%	5,519			6,459			17	%
Total Operating Expenses	453			444			450			466			491			557			616			626			34	%	1,813			2,290			26	%
Net Credit Losses	176			160			193			258			286			289			417			654			NM		787			1,646			NM
Credit Reserve Build / (Release)	(31		)	(75		)	(8		)	(13		)	217			39			854			2,416			NM		(127		)	3,526			NM
Provision for Benefits & Claims	(2		)	1			1			—			—			—			—			—			—		—			—			—
Provision for Loan Losses and for Benefits and Claims	143			86			186			245			503			328			1,271			3,070			NM		660			5,172			NM
Income (Loss) Before Taxes and Minority Interest	664			777			845			760			557			721			(339		)	(1,942		)	NM		3,046			(1,003		)	NM
Income Taxes (Benefits)	218			287			308			263			190			266			(117		)	(752		)	NM		1,076			(413		)	NM
Minority Interest, Net of Tax	9			20			16			13			8			14			5			9			(31	)%	58			36			(38	)%
Net Income (Loss)	$	437		$	470		$	521		$	484		$	359		$	441		$	(227	)	$	(1,199	)	NM		$	1,912		$	(626	)	NM
Average Assets (in billions of dollars)	$	209		$	221		$	244		$	291		$	313		$	324		$	305		$	285		(2	)%	$	241		$	307		27	%
Return on Assets	0.85		%	0.85		%	0.85		%	0.66		%	0.47		%	0.55		%	(0.30		)%	(1.67		)%			0.79		%	(0.20		)%
Average Risk Capital	$	3,732		$	3,451		$	3,770		$	4,766		$	6,256		$	6,618		$	5,657		$	5,047		6	%	$	3,930		$	5,895		50	%
Return on Risk Capital	47		%	55		%	55		%	40		%	23		%	27		%	(16		)%	(94		)%			49		%	(11		)%
Return on Invested Capital	27		%	30		%	31		%	25		%	16		%	18		%	(11		)%	(59		)%			28		%	(7		)%
Revenues by Business:
Real Estate Lending	$	843		$	793		$	1,000		$	984		$	1,090		$	1,092		$	1,076		$	1,239		26	%	$	3,620		$	4,497		24	%
Student Loans	117			202			163			150			112			149			90			129			(14	)%	632			480			(24	)%
Auto	300			312			318			337			349			365			382			386			15	%	1,267			1,482			17	%
Total Revenues, Net of Interest Expense	$	1,260		$	1,307		$	1,481		$	1,471		$	1,551		$	1,606		$	1,548		$	1,754		19	%	$	5,519		$	6,459		17	%
Net Income (Loss) by Business:
Real Estate Lending	$	328		$	297		$	389		$	387		$	297		$	298		$	(245	)	$	(1,220	)	NM		$	1,401		$	(870	)	NM
Student Loans	38			75			58			49			29			47			10			28			(43	)%	220			114			(48	)%
Auto	71			98			74			48			33			96			8			(7		)	NM		291			130			(55	)%
Total Net Income (Loss)	$	437		$	470		$	521		$	484		$	359		$	441		$	(227	)	$	(1,199	)	NM		$	1,912		$	(626	)	NM

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

14

GLOBAL CONSUMER
U.S. CONSUMER LENDING - Page 2

																										4Q07 vs.
		1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/
		2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)
KEY INDICATORS:
Real Estate Lending - Balances (in billions of dollars):
Average Loans		$	149.6		$	159.1		$	163.5		$	171.1		$	177.5		$	183.3		$	185.4		$	189.3		11	%
Originations		$	32.4		$	38.6		$	35.8		$	35.3		$	39.6		$	46.2		$	36.6		$	29.5		(16	)%
Third Party Mortgage Servicing Portfolio (EOP)		$	307.4		$	324.9		$	353.2		$	357.8		$	580.2		$	585.3		$	575.1		$	599.6		68	%
Net Servicing & Gain/(Loss) on Sale - (in millions of dollars)		$	10.5		$	(11.7	)	$	74.4		$	27.1		$	51.9		$	129.6		$	163.7		$	340.4		NM
Net Interest Revenue - (in millions of dollars)		$	812		$	804		$	788		$	825		$	930		$	948		$	931		$	866		5	%
NIR as a% of Average Loans		2.13		%	1.95		%	1.80		%	1.72		%	1.89		%	1.83		%	1.78		%	1.78		%
(excluding NIR for MBS & Warehouse Loans)
Net Credit Loss Ratio		0.19		%	0.19		%	0.19		%	0.23		%	0.33		%	0.40		%	0.56		%	0.91		%
	��
Loans 90+Days Past Due – (in millions of dollars)		$	1,605		$	1,524		$	1,692		$	1,930		$	2,025		$	2,527		$	3,404		$	4,348		NM
% of EOP Loans		1.03		%	0.94		%	1.02		%	1.11		%	1.13		%	1.38		%	1.81		%	2.31		%
Student Loans - Balances (in billions of dollars):
Average Loans		$	24.7		$	24.7		$	23.2		$	21.9		$	22.5		$	20.9		$	21.2		$	22.0		—
Originations		$	2.9		$	1.9		$	4.1		$	2.1		$	2.8		$	1.3		$	3.1		$	1.5		(29	)%
Net Interest Revenue - (in millions of dollars)		$	104		$	106		$	88		$	83		$	85		$	89		$	87		$	82		(1	)%
NIR as a% of Average Loans		1.71		%	1.72		%	1.50		%	1.50		%	1.53		%	1.71		%	1.63		%	1.48		%
Net Credit Loss Ratio		0.03		%	0.08		%	0.10		%	0.09		%	0.07		%	0.12		%	0.16		%	0.21		%
Loans 90+Days Past Due – (in millions of dollars)		$	729		$	747		$	726		$	775		$	879		$	806		$	776		$	721		(7	)%
% of EOP Loans		2.95		%	3.26		%	3.34		%	3.56		%	4.19		%	4.01		%	3.68		%	3.23		%
Auto - (in billions of dollars):
Average Loans		$	12.8		$	13.5		$	14.3		$	15.5		$	16.6		$	18.2		$	19.1		$	20.1		30	%
Originations		$	2.0		$	2.0		$	2.4		$	2.7		$	3.1		$	2.8		$	2.6		$	3.1		15	%
Net Interest Revenue - (in millions of dollars)		$	291		$	304		$	309		$	327		$	335		$	352		$	358		$	370		13	%
NIR as a% of Average Loans		9.22		%	9.03		%	8.57		%	8.37		%	8.18		%	7.76		%	7.44		%	7.30		%
Net Credit Margin (NCM) - (in millions of dollars)		$	196		$	231		$	207		$	184		$	210		$	264		$	235		$	177		(4	)%
NCM as a% of Average Loans		6.21		%	6.86		%	5.74		%	4.71		%	5.13		%	5.82		%	4.88		%	3.49		%
Net Credit Loss Ratio		3.29		%	2.44		%	3.08		%	3.92		%	3.40		%	2.23		%	3.06		%	4.11		%
Loans 90+Days Past Due – (in millions of dollars)		$	77		$	85		$	138		$	165		$	122		$	175		$	246		$	285		73	%
% of EOP Loans		0.58		%	0.61		%	0.93		%	1.02		%	0.69		%	0.94		%	1.26		%	1.37		%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

15

GLOBAL CONSUMER
U.S.
COMMERCIAL BUSINESS
(In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com   **Revenues declined as increased average loan and deposit balances, up 10% and 18%, respectively, were offset by lower net interest margins.  The revenue decline also reflects business divestitures during 2007 and an increase in the mix of tax-advantaged revenues.   **Credit costs increased due to higher expected losses on specific loans and trends in the macro-economic environment.   **Net income declined as lower revenues and higher credit costs offset increased tax benefits.  

																									4Q07 vs.	Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/	Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)	2006			2007			(Decrease)
Net Interest Revenue	$	287		$	311		$	295		$	306		$	275		$	257		$	261		$	237		(23)%	$	1,199		$	1,030		(14)%
Non-Interest Revenue	183			205			194			202			168			189			98			164			(19)%	784			619			(21)%
Total Revenues, Net of Interest Expense	470			516			489			508			443			446			359			401			(21)%	1,983			1,649			(17)%
Total Operating Expenses	363			353			328			346			330			295			277			287			(17)%	1,390			1,189			(14)%
Net Credit Losses	14			12			8			23			19			33			13			18			(18)%	57			83			46%
Credit Reserve Build / (Release)	(38		)	(8		)	(38		)	(18		)	10			(18		)	9			20			NM	(102		)	21			NM
Total Provision for Loan Losses	(24		)	4			(30		)	5			29			15			22			38			NM	(45		)	104			NM
Income Before Taxes	131			159			191			157			84			136			60			76			(52)%	638			356			(44)%
Income Taxes	5			21			40			11			(37		)	(15		)	(62		)	(48		)	NM	77			(162		)	NM
Net Income	$	126		$	138		$	151		$	146		$	121		$	151		$	122		$	124		(15)%	$	561		$	518		(8)%
Average Assets (in billions of dollars)	$	41		$	42		$	44		$	47		$	49		$	49		$	50		$	52		11%	$	44		$	50		14%
Return on Assets	1.25		%	1.32		%	1.36		%	1.23		%	1.00		%	1.24		%	0.97		%	0.95		%		1.28		%	1.04		%
Average Risk Capital	$	2,315		$	2,235		$	2,323		$	2,452		$	2,684		$	2,633		$	2,559		$	2,581		5%	$	2,331		$	2,614		12%
Return on Risk Capital	22		%	25		%	26		%	24		%	18		%	23		%	19		%	19		%		24		%	20		%
Return on Invested Capital	11		%	12		%	13		%	12		%	10		%	12		%	10		%	10		%		12		%	11		%
Total Revenues, Tax Equivalent Basis (1)	$	535		$	582		$	539		$	578		$	545		$	565		$	500		$	536		(7)%
KEY INDICATORS (in billions of dollars):
Total Deposits	$	18.8		$	18.8		$	18.3		$	19.8		$	21.0		$	22.5		$	23.4		$	23.3		18%
Commercial Real Estate	$	16.1		$	16.7		$	16.8		$	17.3		$	17.8		$	18.2		$	19.3		$	20.4		18%
Equipment Finance	14.1			14.4			14.6			14.8			15.0			14.3			14.5			14.5			(2)%
Other	3.3			3.3			3.4			3.6			3.7			4.0			4.2			4.6			28%
Average Loans	$	33.5		$	34.4		$	34.8		$	35.7		$	36.5		$	36.5		$	38.0		$	39.5		11%
Average Loans - Liquidating	0.4			0.3			0.2			0.1			0.1			0.1			—			—			(100)%
Average Loans - Total	$	33.9		$	34.7		$	35.0		$	35.8		$	36.6		$	36.6		$	38.0		$	39.5		10%
Operating Leases	1.8			1.8			1.8			1.9			1.9			1.7			1.6			1.7			(11)%
Total Average Earning Assets	$	35.7		$	36.5		$	36.8		$	37.7		$	38.5		$	38.3		$	39.6		$	41.2		9%
Net Credit Loss Ratio	0.17		%	0.14		%	0.09		%	0.25		%	0.21		%	0.36		%	0.14		%	0.19		%
Loans 90+Days Past Due - (in millions of dollars)	$	151		$	189		$	191		$	149		$	195		$	140		$	166		$	179		20%
% of EOP Loans	0.44		%	0.53		%	0.54		%	0.41		%	0.52		%	0.37		%	0.43		%	0.46		%

(1)  Includes tax-equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) relating to income tax credits arising from affordable housing investments and for tax-exempt income from municipal bond investments.

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

16

GLOBAL CONSUMER
INTERNATIONAL
CARDS - Page 1
(In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com.   **    Revenues grew 59%, primarily driven by higher purchase sales and average loans, up 37% and 53%, respectively, and a $448 million pre-tax gain on Visa, Inc shares.  Excluding the gain, revenues increased 32%.  Loan balances grew at a double-digit pace in all regions.  Results include the impact of recent acquisitions.   **    Expenses increased 31% driven by increased business volumes and the impact of recent acquisitions.   **    Credit costs increased 9% as a decline in net credit losses was offset by an increase in loan loss reserves.  Net credit losses declined as higher losses in Mexico and portfolio growth were offset by the impact of recent acquisitions.  A charge of $149 million pre-tax to increase loan loss reserves primarily reflected portfolio growth.   **    Net income more than doubled, driven by strong volume growth and the gain on Visa, Inc. shares.  Excluding the Visa gain, net income increased 68%.

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	773		$	912		$	964		$	1,068		$	1,121		$	1,488		$	1,588		$	1,596		49	%	$	3,717		$	5,793		56	%
Non-Interest Revenue	507			598			555			582			618			525			1,264			1,028			77	%	2,242			3,435			53	%
Total Revenues, Net of Interest Expense	1,280			1,510			1,519			1,650			1,739			2,013			2,852			2,624			59	%	5,959			9,228			55	%
Total Operating Expenses	617			714			740			837			819			933			1,010			1,098			31	%	2,908			3,860			33	%
Net Credit Losses	218			333			347			402			384			397			594			386			(4	)%	1,300			1,761			35	%
Specific and Unallocated Credit Reserve Build / (Release)	94			26			59			87			22			201			334			149			71	%	266			706			NM
Total Provision for Loan Losses	312			359			406			489			406			598			928			535			9	%	1,566			2,467			58	%
Income Before Taxes and Minority Interest	351			437			373			324			514			482			914			991			NM		1,485			2,901			95	%
Income Taxes and Minority Interest	60			109			86			93			126			131			267			313			NM		348			837			NM
Net Income	$	291		$	328		$	287		$	231		$	388		$	351		$	647		$	678		NM		$	1,137		$	2,064		82	%
Average Assets (in billions of dollars)	$	28		$	30		$	32		$	34		$	38		$	45		$	50		$	53		56	%	$	31		$	47		52	%
Return on Assets	4.21		%	4.39		%	3.56		%	2.70		%	4.14		%	3.13		%	5.13		%	5.08		%			3.67		%	4.39		%
Average Risk Capital	$	2,073		$	2,202		$	2,185		$	2,301		$	2,537		$	2,927		$	3,300		$	3,562		55	%	$	2,190		$	3,082		41	%
Return on Risk Capital	57		%	60		%	52		%	40		%	62		%	48		%	78		%	76		%			52		%	67		%
Return on Invested Capital	27		%	29		%	24		%	18		%	26		%	22		%	35		%	36		%			24		%	31		%
Revenues by Region:
Mexico	$	405		$	443		$	465		$	513		$	530		$	558		$	566		$	720		40	%	$	1,826		$	2,374		30	%
EMEA	294			327			328			353			375			505			597			599			70	%	1,302			2,076			59	%
Japan	70			74			72			72			62			67			67			73			1	%	288			269			(7	)%
Asia (excluding Japan)	415			428			402			429			446			461			468			743			73	%	1,674			2,118			27	%
Latin America	96			238			252			283			326			422			1,154			489			73	%	869			2,391			NM
Total	$	1,280		$	1,510		$	1,519		$	1,650		$	1,739		$	2,013		$	2,852		$	2,624		59	%	$	5,959		$	9,228		55	%
Net Income by Region:
Mexico	$	149		$	147		$	133		$	84		$	169		$	155		$	94		$	187		NM		$	513		$	605		18	%
EMEA	32			43			55			19			46			55			40			184			NM		149			325			NM
Japan	21			13			13			16			9			13			10			11			(31	)%	63			43			(32	)%
Asia (excluding Japan)	54			56			73			82			98			98			33			231			NM		265			460			74	%
Latin America	35			69			13			30			66			30			470			65			NM		147			631			NM
Total	$	291		$	328		$	287		$	231		$	388		$	351		$	647		$	678		NM		$	1,137		$	2,064		82	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

17

GLOBAL CONSUMER INTERNATIONAL CARDS - Page 2  

																									4Q07 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)
KEY INDICATORS (in billions of dollars)
Average Yield	18.61		%	19.03		%	19.20		%	19.52		%	19.58		%	19.52		%	18.98		%	18.09		%
Net Interest Revenue as a% of Average Loans	12.90		%	14.02		%	13.91		%	14.31		%	14.57		%	15.83		%	15.04		%	14.01		%
Net Credit Margin (in millions of dollars) (1)	$	1,062		$	1,177		$	1,172		$	1,248		$	1,355		$	1,616		$	2,258		$	2,238		79	%
% of Average Loans	17.72		%	18.09		%	16.91		%	16.73		%	17.61		%	17.19		%	21.38		%	19.64		%
End of Period Loans	$	24.1		$	26.8		$	28.1		$	31.0		$	32.2		$	40.9		$	43.4		$	46.5		50	%
EOP Open Accounts (in millions)	26.7			30.1			30.6			30.9			31.7			34.7			35.6			37.3			21	%
Purchase Sales (2)	$	17.4		$	19.7		$	20.5		$	23.0		$	21.7		$	25.8		$	28.0		$	31.6		37	%
Average Loans:
Mexico	$	5.5		$	5.6		$	6.0		$	6.6		$	6.8		$	7.3		$	7.5		$	7.9		20	%
EMEA	6.1			6.5			6.7			7.4			7.8			12.1			14.8			15.8			NM
Japan	1.3			1.4			1.4			1.4			1.4			1.4			1.5			1.6			14	%
Asia (excluding Japan)	10.4			10.7			10.9			11.5			11.9			12.5			13.3			14.3			24	%
Latin America	1.0			1.9			2.5			2.7			3.3			4.4			4.8			5.6			NM
Total	$	24.3		$	26.1		$	27.5		$	29.6		$	31.2		$	37.7		$	41.9		$	45.2		53	%
Coincident Net Credit Loss Ratio	3.64		%	5.12		%	5.01		%	5.39		%	4.99		%	4.22		%	5.62		%	3.39		%
12 Month Lagged Net Credit Loss Ratio	4.13		%	6.02		%	6.06		%	6.82		%	6.41		%	6.10		%	8.57		%	5.17		%
Loans 90+Days Past Due (in millions of dollars)	$	535		$	643		$	723		$	709		$	736		$	950		$	964		$	1,041		47	%
% of EOP Loans	2.22		%	2.40		%	2.57		%	2.29		%	2.29		%	2.32		%	2.22		%	2.24		%

(1)	Total Revenues, net of Interest Expense, less Net Credit Losses.
(2)	Purchase Sales represents customers’ purchased sales plus cash advances.

NM Not meaningful

Reclassified to conform to the current period’s presentation. 

18

GLOBAL CONSUMER INTERNATIONAL CONSUMER FINANCE Page 1 (In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com.   **    In Japan, revenues and net income increased primarily due to the absence of $755 million pre-tax charge recorded in the prior-year period.  The current period results include a $188 million pre-tax charge to increase reserves for estimated losses due to customer settlements.  Results also reflect a decline in receivables balances and an increase in the net credit loss ratio.  Financial results reflected recent adverse changes in the operating environment and the impact of consumer lending laws passed in the fourth quarter 2006.   **    Outside of Japan, revenues increased 15%, driven by average loan growth of 21%.  Net income declined as revenue growth was offset by an increase in net credit losses due to portfolio growth and an increase in the net credit loss ratio in India and Mexico.  Higher credit costs also reflect the impact of repositioning the U.K. business.  The net credit loss ratio increased 86 basis points to 3.78%.  

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	921		$	971		$	962		$	295		$	838		$	793		$	743		$	613		NM		$	3,149		$	2,987		(5	)%
Non-Interest Revenue	41			38			36			54			52			50			39			54			—		169			195			15	%
Total Revenues, Net of Interest Expense	962			1,009			998			349			890			843			782			667			91	%	3,318			3,182			(4	)%
Total Operating Expenses	419			427			406			498			407			398			565			420			(16	)%	1,750			1,790			2	%
Net Credit Losses	319			323			389			380			430			437			481			491			29	%	1,411			1,839			30	%
Credit Reserve Build / (Release)	(16		)	17			135			25			26			30			252			71			NM		161			379			NM
Provision for Benefits & Claims	1			—			(1		)	1			—			—			—			—			(100	)%	1			—			(100	)%
Provision for Loan Losses and for Benefits and Claims	304			340			523			406			456			467			733			562			38	%	1,573			2,218			41	%
Income Before Taxes (Benefits)	239			242			69			(555		)	27			(22		)	(516		)	(315		)	43	%	(5		)	(826		)	NM
Income Taxes (Benefits)	71			69			19			(204		)	2			(16		)	(196		)	(108		)	47	%	(45		)	(318		)	NM
Net Income (Loss)	$	168		$	173		$	50		$	(351	)	$	25		$	(6	)	$	(320	)	$	(207	)	41	%	$	40		$	(508	)	NM
Average Assets (in billions of dollars)	$	26		$	27		$	28		$	29		$	29		$	29		$	29		$	30		3	%	$	28		$	29		4	%
Return on Assets	2.62		%	2.57		%	0.71		%	(4.80		)%	0.35		%	(0.08		)%	(4.38		)%	(2.74		)%			0.14		%	(1.75		)%
Average Risk Capital	$	1,165		$	1,042		$	1,093		$	1,156		$	1,187		$	1,156		$	1,109		$	1,093		(5	)%	$	1,114		$	1,136		2	%
Return on Risk Capital	58		%	67		%	18		%	(120		)%	9		%	(2		)%	(114		)%	(75		)%			4		%	(45		)%
Return on Invested Capital	19		%	20		%	6		%	(30		)%	3		%	(1		)%	(39		)%	(25		)%			1		%	(14		)%
Revenues by Region:
Mexico	$	53		$	55		$	62		$	66		$	70		$	71		$	73		$	73		11	%	$	236		$	287		22	%
EMEA	184			193			191			203			203			209			212			206			1	%	771			830			8	%
Asia (excluding Japan)	98			108			120			136			140			155			166			174			28	%	462			635			37	%
Latin America	36			38			38			43			43			50			50			60			40	%	155			203			31	%
sub-total	371			394			411			448			456			485			501			513			15	%	1,624			1,955			20	%
Japan	591			615			587			(99		)	434			358			281			154			NM		1,694			1,227			(28	)%
Total	$	962		$	1,009		$	998		$	349		$	890		$	843		$	782		$	667		91	%	$	3,318		$	3,182		(4	)%
Net Income (Loss) by Region:
Mexico	$	10		$	11		$	12		$	8		$	10		$	8		$	—		$	1		(88	)%	$	41		$	19		(54	)%
EMEA	7			15			(13		)	(5		)	(3		)	4			(19		)	(34		)	NM		4			(52		)	NM
Asia (excluding Japan)	16			12			15			16			13			16			(6		)	(9		)	NM		59			14			(76	)%
Latin America	—			1			(1		)	(2		)	(4		)	(1		)	(7		)	3			NM		(2		)	(9		)	NM
sub-total	33			39			13			17			16			27			(32		)	(39		)	NM		102			(28		)	NM
Japan	135			134			37			(368		)	9			(33		)	(288		)	(168		)	54	%	(62		)	(480		)	NM
Total	$	168		$	173		$	50		$	(351	)	$	25		$	(6	)	$	(320	)	$	(207	)	41	%	$	40		$	(508	)	NM
Japan Consumer Finance:
Total Revenues, Net of Interest Expense	$	591		$	615		$	587		$	(99	)	$	434		$	358		$	281		$	154		NM		1,694			1,227			(28	)%
Total Operating Expenses	178			171			151			213			126			102			251			97			(54	)%	713			576			(19	)%
Net Credit Losses	216			247			388			267			307			316			486			314			18	%	1,118			1,423			27	%
Credit Reserve Build / (Release)	—			—			—			—			—			—			—			—			—		—			—			—
Provision for Loan Losses	216			247			388			267			307			316			486			314			18	%	1,118			1,423			27	%
Income Before Taxes (Benefits)	197			197			48			(579		)	1			(60		)	(456		)	(257		)	56	%	(137		)	(772		)	NM
Income Taxes (Benefits)	62			63			11			(211		)	(8		)	(27		)	(168		)	(89		)	58	%	(75		)	(292		)	NM
Net Income (Loss)	$	135		$	134		$	37		$	(368	)	$	9		$	(33	)	$	(288	)	$	(168	)	54	%	$	(62	)	$	(480	)	NM

NM Not meaningful

Reclassified to conform to the current period’s presentation. 

19

GLOBAL CONSUMER INTERNATIONAL CONSUMER FINANCE - Page 2  

																									4Q07 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)
KEY INDICATORS:
Average Loans by Product (in billions of dollars):
Real estate secured loans	$	8.1		$	8.5		$	8.6		$	8.9		$	9.1		$	9.1		$	9.3		$	9.9		11	%
Personal loans	13.3			14.3			14.6			15.0			15.0			15.3			15.8			16.3			9	%
Auto	0.3			0.3			0.2			0.2			0.1			0.1			0.1			0.1			(50	)%
Sales finance and other	0.7			0.7			0.8			0.8			0.8			0.8			0.7			0.8			—
Total	$	22.4		$	23.8		$	24.2		$	24.9		$	25.0		$	25.3		$	25.9		$	27.1		9	%
Average Loans by Region (in billions of dollars):
Mexico	$	0.3		$	0.3		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		0	%
EMEA	9.6			10.4			10.5			10.9			11.0			11.2			11.4			12.1			11	%
Asia (excluding Japan)	2.3			2.6			2.9			3.4			3.8			4.3			4.7			5.2			53	%
Latin America	0.6			0.6			0.7			0.7			0.8			0.9			0.9			0.9			29	%
sub-total	12.8			13.9			14.5			15.4			16.0			16.8			17.4			18.6			21	%
Japan	9.6			9.9			9.7			9.5			9.0			8.5			8.5			8.5			(11	)%
Total	$	22.4		$	23.8		$	24.2		$	24.9		$	25.0		$	25.3		$	25.9		$	27.1		9	%
Average Yield	19.06		%	18.88		%	18.49		%	7.82		%	17.08		%	16.49		%	15.38		%	13.44		%
Net Interest Revenue as a% of Average Loans	16.67		%	16.36		%	15.77		%	4.70		%	13.59		%	12.57		%	11.38		%	8.97		%
Net Credit Margin (NCM) - (in millions of dollars)	$	643		$	686		$	609		$	(31	)	$	460		$	406		$	301		$	176		NM
NCM as a% of Average Loans	11.64		%	11.56		%	9.98		%	(0.49		)%	7.46		%	6.44		%	4.61		%	2.58		%
Net Credit Loss Ratio	5.78		%	5.44		%	6.38		%	6.05		%	6.98		%	6.93		%	7.37		%	7.19		%
Net Credit Loss Ratio - Japan	9.12		%	9.74		%	11.26		%	11.15		%	13.56		%	14.25		%	15.12		%	14.66		%
Net Credit Loss Ratio - (excluding Japan)	3.27		%	2.36		%	3.10		%	2.92		%	3.24		%	3.21		%	3.58		%	3.78		%
Loans 90+ Days Past Due - (in millions of dollars)	$	437		$	519		$	575		$	608		$	592		$	612		$	609		$	529		(13	)%
% of EOP Loans	1.93		%	2.16		%	2.37		%	2.43		%	2.34		%	2.43		%	2.30		%	2.02		%
Number of Sales Points:
Mexico Branches	288			312			349			394			419			424			426			426			8	%
EMEA Branches	306			326			339			354			306			308			310			317			(10	)%
Asia (excluding Japan) Branches	489			547			582			641			640			641			643			662			3	%
Latin America Branches	180			188			213			255			253			248			248			245			(4	)%
sub-total	1,263			1,373			1,483			1,644			1,618			1,621			1,627			1,650			—
Japan Branches	325			324			324			135			51			51			51			51			(62	)%
Japan Automated Loan Machines (ALMs)	731			809			809			809			708			708			706			530			(34	)%
Total Japan	1,056			1,133			1,133			944			759			759			757			581			(38	)%
Total	2,319			2,506			2,616			2,588			2,377			2,380			2,384			2,231			(14	)%

Reclassified to conform to the current period’s presentation.

20

GLOBAL CONSUMER INTERNATIONAL RETAIL BANKING - Page 1 (In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com. **    Revenues increased 31%, driven by increased deposits and loans, up 21% and 27%, respectively, and increased investment sales, up 24%.  Results also reflected a $313 million pre-tax gain on the sale of an ownership interest in Nikko Cordial’s Simplex Investment Advisors, and a $59 million pre-tax gain on Visa, Inc. shares.  Average loan balances grew at a double-digit pace in EMEA, Asia, Latin America, and Mexico.  Results include the impact of recent acquisitions. **    Expenses grew 22%, reflecting increased business volumes and acquisitions.  During the quarter, 152 new branches were opened or acquired. **    Higher credit costs reflected increased net credit losses primarily due to the impact of recent acquisitions. Excluding the impact of acquisitions, the net credit loss ratio was approximately even with the prior year period. **    Net income grew 17%, driven by the Simplex and Visa gains, and higher business volumes.  The net income growth rate also reflected the absence of a gain on sale of Avantel in Mexico recorded in the prior-year period, as well as lower APB 23 tax benefits in Mexico.  

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	1,439		$	1,460		$	1,519		$	1,582		$	1,530		$	1,657		$	1,741		$	1,911		21	%	$	6,000		$	6,839		14	%
Non-Interest Revenue	1,028			1,095			1,031			1,364			1,229			1,373			1,484			1,953			43	%	4,518			6,039			34	%
Total Revenues, Net of Interest Expense	2,467			2,555			2,550			2,946			2,759			3,030			3,225			3,864			31	%	10,518			12,878			22	%
Total Operating Expenses	1,585			1,560			1,623			1,775			1,750			1,933			2,052			2,165			22	%	6,543			7,900			21	%
Net Credit Losses	184			191			141			221			238			168			262			383			73	%	737			1,051			43	%
Credit Reserve Build / (Release)	(77		)	(105		)	(93		)	(12		)	64			5			131			(3		)	75	%	(287		)	197			NM
Provision for Benefits & Claims	44			37			55			54			52			27			47			44			(19	)%	190			170			(11	)%
Provision for Loan Losses and for Benefits and Claims	151			123			103			263			354			200			440			424			61	%	640			1,418			NM
Income Before Taxes and Minority Interest	731			872			824			908			655			897			733			1,275			40	%	3,335			3,560			7	%
Income Taxes	53			156			123			159			115			213			164			309			94	%	491			801			63	%
Minority Interest, Net of Tax	1			2			—			1			—			13			17			92			NM		4			122			NM
Net Income	$	677		$	714		$	701		$	748		$	540		$	671		$	552		$	874		17	%	$	2,840		$	2,637		(7	)%
Average Assets (in billions of dollars)	$	119		$	120		$	127		$	131		$	132		$	148		$	157		$	165		26	%	$	124		$	151		22	%
Return on Assets	2.31		%	2.39		%	2.19		%	2.27		%	1.66		%	1.82		%	1.39		%	2.10		%			2.29		%	1.75		%
Average Risk Capital	$	9,407		$	9,481		$	9,348		$	9,641		$	10,123		$	11,295		$	11,223		$	10,932		13	%	$	9,470		$	10,894		15	%
Return on Risk Capital	29		%	30		%	30		%	31		%	22		%	24		%	20		%	32		%			30		%	24		%
Return on Invested Capital	15		%	16		%	15		%	17		%	13		%	13		%	11		%	16		%			17		%	13		%
Total Revenues, Net of Interest Expense:
Mexico	$	691		$	694		$	711		$	1,033		$	777		$	725		$	765		$	849		(18	)%	$	3,129		$	3,116		-
EMEA	792			840			834			848			868			904			929			1,042			23	%	3,314			3,743			13	%
Japan	114			118			123			118			119			255			301			626			NM		473			1,301			NM
Asia (excluding Japan)	676			708			687			726			773			848			886			993			37	%	2,797			3,500			25	%
Latin America	194			195			195			221			222			298			344			354			60	%	805			1,218			51	%
Total	$	2,467		$	2,555		$	2,550		$	2,946		$	2,759		$	3,030		$	3,225		$	3,864		31	%	$	10,518		$	12,878		22	%
Net Income (Loss) by Region:
Mexico	$	199		$	217		$	250		$	385		$	193		$	197		$	150		$	223		(42	)%	$	1,051		$	763		(27	)%
EMEA	146			157			171			98			40			89			37			65			(34	)%	572			231			(60	)%
Japan	32			31			29			26			27			52			54			178			NM		118			311			NM
Asia (excluding Japan)	277			291			240			234			272			312			307			384			64	%	1,042			1,275			22	%
Latin America	23			18			11			5			8			21			4			24			NM		57			57			—
Total	$	677		$	714		$	701		$	748		$	540		$	671		$	552		$	874		17	%	$	2,840		$	2,637		(7	)%
KEY INDICATORS:
Net Credit Loss Ratio	1.21		%	1.22		%	0.87		%	1.29		%	1.38		%	0.87		%	1.28		%	1.76		%
Loans 90+Days Past Due (in millions of dollars)	$	736		$	680		$	679		$	667		$	630		$	658		$	739		$	783		17	%
% of EOP Loans	1.21		%	1.08		%	1.04		%	0.97		%	0.88		%	0.83		%	0.89		%	0.89		%
Branches by Region:
Mexico	1,404			1,441			1,452			1,510			1,520			1,524			1,542			1,603			6	%
EMEA	636			663			682			711			717			715			723			734			3	%
Japan	25			25			25			25			25			25			30			30			20	%
Asia (excluding Japan)	403			404			405			412			403			403			404			454			10	%
Latin America	179			187			209			232			318			430			435			460			98	%
Total	2,647			2,720			2,773			2,890			2,983			3,097			3,134			3,281			14	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation. 

21

GLOBAL CONSUMER
INTERNATIONAL RETAIL
BANKING - Page 2

																	4Q07 vs.
	1Q		2Q		3Q		4Q		1Q		2Q		3Q		4Q		4Q06 Increase/
	2006		2006		2006		2006		2007		2007		2007		2007		(Decrease)
KEY INDICATORS (Continued):
International - Balances (in billions of dollars)
Checking, Savings & Money Market Deposits	$	76.8	$	78.8	$	77.6	$	75.9	$	77.2	$	86.5	$	90.7	$	94.6	25	%
Time Deposits, CDs and Other	67.7		67.8		70.8		74.5		77.0		81.9		85.0		87.2		17	%
Total Average Deposits	$	144.5	$	146.6	$	148.4	$	150.4	$	154.2	$	168.4	$	175.7	$	181.8	21	%
Investment Sales	$	31.1	$	31.8	$	28.9	$	28.8	$	35.3	$	37.7	$	36.4	$	35.8	24	%
Investment AUMs (EOP)	$	93.8	$	95.4	$	101.0	$	107.7	$	112.6	$	121.6	$	129.6	$	133.4	24	%
Other (primarily Retirement Services)	24.5		22.9		22.1		24.9		25.9		28.2		29.3		31.1		25	%
Total AUMs	$	118.3	$	118.3	$	123.1	$	132.6	$	138.5	$	149.8	$	158.9	$	164.5	24	%
Average Customer Deposits by Region (in billions of dollars):
Mexico	$	25.9	$	24.9	$	25.7	$	25.5	$	25.0	$	26.0	$	25.7	$	26.4	4	%
EMEA	31.0		32.8		32.7		33.0		33.9		42.6		48.0		48.6		47	%
Japan	20.8		21.1		20.9		21.0		20.9		20.6		21.2		21.7		3	%
Asia (excluding Japan)	59.6		60.6		61.5		62.9		65.7		67.2		67.6		71.2		13	%
Latin America	7.2		7.2		7.6		8.0		8.7		12.0		13.2		13.9		74	%
Total	$	144.5	$	146.6	$	148.4	$	150.4	$	154.2	$	168.4	$	175.7	$	181.8	21	%
Average Loans by Region (in billions of dollars):
Mexico	$	8.2	$	7.7	$	7.9	$	8.2	$	8.3	$	9.0	$	9.1	$	9.6	17	%
EMEA	17.4		18.6		19.0		19.8		20.2		24.8		27.1		28.4		43	%
Japan	0.7		0.8		0.6		0.6		0.6		0.5		0.5		0.5		(17	)%
Asia (excluding Japan)	34.1		34.4		35.6		37.6		39.0		40.5		41.3		43.9		17	%
Latin America	1.1		1.1		1.3		1.5		1.7		2.8		3.4		3.7		NM
Total	$	61.5	$	62.6	$	64.4	$	67.7	$	69.8	$	77.6	$	81.4	$	86.1	27	%
Average Loans by Type (in billions of dollars):
Mortgage	$	23.3	$	23.2	$	24.2	$	25.5	$	25.8	$	27.8	$	28.3	$	30.0	18	%
Auto	2.3		2.2		2.2		2.2		2.2		2.3		2.2		2.2		—
Installment / Overdraft	23.2		24.4		25.4		26.9		27.9		32.0		34.2		36.5		36	%
Commercial	8.1		8.2		8.5		9.0		9.9		10.6		11.0		11.5		28	%
Other Retail	4.6		4.6		4.1		4.1		4.0		4.9		5.7		5.9		44	%
Total	$	61.5	$	62.6	$	64.4	$	67.7	$	69.8	$	77.6	$	81.4	$	86.1	27	%
EOP Accounts by Region (in millions):
Mexico	18.5		19.0		19.8		20.4		21.1		19.8		20.4		20.6		1	%
EMEA	9.0		9.3		9.6		10.0		10.2		11.7		11.8		11.9		19	%
Japan	2.0		2.1		2.1		2.1		2.1		2.1		2.1		2.1		—
Asia (excluding Japan)	12.0		12.1		12.3		11.6		11.9		12.2		12.5		14.0		21	%
Latin America	7.0		7.2		7.5		7.7		8.3		8.7		9.0		9.2		19	%
Total	48.5		49.7		51.3		51.8		53.6		54.5		55.8		57.8		12	%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

22

MARKETS & BANKING
(In millions of dollars)

																							4Q07 vs.		Full		Full			FY 2007 vs.
	1Q			2Q			3Q		4Q			1Q		2Q			3Q			4Q			4Q06 Increase/		Year		Year			FY 2006 Increase/
	2006			2006			2006		2006			2007		2007			2007			2007			(Decrease)		2006		2007			(Decrease)
Markets & Banking:
Net Interest Revenue	$	2,234		$	2,147		$	1,913	$	2,198		$	2,452	$	2,831		$	3,359		$	3,670		67	%	$	8,492	$	12,312		45	%
Non-Interest Revenue	5,045			4,614			4,154		4,882			6,505		6,130			974			(15,399		)	NM		18,695		(1,790		)	NM
Total Revenues, Net of Interest Expense	7,279			6,761			6,067		7,080			8,957		8,961			4,333			(11,729		)	NM		27,187		10,522			(61	)%
Total Operating Expenses	4,757			4,158			3,622		4,582			5,111		4,948			4,011			5,518			20	%	17,119		19,588			14	%
Total Provision for Credit Losses	—			173			107		79			263		(62		)	205			984			NM		359		1,390			NM
Income (Loss) Before Taxes and Minority Interest	2,522			2,430			2,338		2,419			3,583		4,075			117			(18,231		)	NM		9,709		(10,456		)	NM
Income Taxes (Benefits)	574			702			598		654			947		1,236			(142		)	(7,257		)	NM		2,528		(5,216		)	NM
Minority Interest, Net of Tax	19			5			19		11			15		7			(21		)	12			9	%	54		13			(76	)%
Net Income (Loss)	$	1,929		$	1,723		$	1,721	$	1,754		$	2,621	$	2,832		$	280		$	(10,986	)	NM		$	7,127	$	(5,253	)	NM
U.S.:
Net Interest Revenue	$	858		$	713		$	356	$	782		$	710	$	1,019		$	1,185		$	1,591		NM		$	2,709	$	4,505		66	%
Non-Interest Revenue	2,065			2,090			1,651		1,640			3,004		2,022			(1,148		)	(13,354		)	NM		7,446		(9,476		)	NM
Total Revenues, Net of Interest Expense	2,923			2,803			2,007		2,422			3,714		3,041			37			(11,763		)	NM		10,155		(4,971		)	NM
Total Operating Expenses	2,251			1,621			1,218		1,916			2,219		1,655			1,084			2,084			9	%	7,006		7,042			1	%
Total Provision for Credit Losses	52			137			55		16			65		6			46			805			NM		260		922			NM
Income (Loss) Before Taxes and Minority Interest	620			1,045			734		490			1,430		1,380			(1,093		)	(14,652		)	NM		2,889		(12,935		)	NM
Income Taxes (Benefits)	94			301			185		85			430		408			(394		)	(5,822		)	NM		665		(5,378		)	NM
Minority Interest, Net of Tax	11			(3		)	9		(2		)	1		(12		)	(7		)	(2		)	—		15		(20		)	NM
Net Income (Loss)	$	515		$	747		$	540	$	407		$	999	$	984		$	(692	)	$	(8,828	)	NM		$	2,209	$	(7,537	)	NM
International:
Net Interest Revenue	$	1,376		$	1,434		$	1,557	$	1,416		$	1,742	$	1,812		$	2,174		$	2,079		47	%	$	5,783	$	7,807		35	%
Non-Interest Revenue	2,980			2,524			2,503		3,242			3,501		4,108			2,122			(2,045		)	NM		11,249		7,686			(32	)%
Total Revenues, Net of Interest Expense	4,356			3,958			4,060		4,658			5,243		5,920			4,296			34			(99	)%	17,032		15,493			(9	)%
Total Operating Expenses	2,506			2,537			2,404		2,666			2,892		3,293			2,927			3,434			29	%	10,113		12,546			24	%
Total Provision for Credit Losses	(52		)	36			52		63			198		(68		)	159			179			NM		99		468			NM
Income (Loss) Before Taxes and Minority Interest	1,902			1,385			1,604		1,929			2,153		2,695			1,210			(3,579		)	NM		6,820		2,479			(64	)%
Income Taxes (Benefits)	480			401			413		569			517		828			252			(1,435		)	NM		1,863		162			(91	)%
Minority Interest, Net of Tax	8			8			10		13			14		19			(14		)	14			8	%	39		33			(15	)%
Net Income (Loss)	$	1,414		$	976		$	1,181	$	1,347		$	1,622	$	1,848		$	972		$	(2,158	)	NM		$	4,918	$	2,284		(54	)%

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

23

MARKETS & BANKING INCOME STATEMENT (In millions of dollars)

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q07 vs. 4Q06 Increase/		Full Year			Full Year			FY 2007 vs. FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Revenues:
Commissions and Fees	$	682		$	713		$	555		$	591		$	697		$	693		$	811		$	840		42	%	$	2,541		$	3,041		20	%
Administration and Other Fiduciary Fees	756			797			780			797			865			974			1,085			1,141			43	%	3,130			4,065			30	%
Investment Banking	1,030			1,083			933			1,280			1,509			1,422			(34		)	1,097			(14	)%	4,326			3,994			(8	)%
Principal Transactions	2,198			1,495			1,521			1,684			2,844			2,403			(1,305		)	(18,968		)	NM		6,898			(15,026		)	NM
Other	379			526			365			530			590			638			417			491			(7	)%	1,800			2,136			19	%
Total Non-Interest Revenues	5,045			4,614			4,154			4,882			6,505			6,130			974			(15,399		)	NM		18,695			(1,790		)	NM
Net Interest Revenue (including Dividends)	2,234			2,147			1,913			2,198			2,452			2,831			3,359			3,670			67	%	8,492			12,312			45	%
Total Revenues, Net of Interest Expense	7,279			6,761			6,067			7,080			8,957			8,961			4,333			(11,729		)	NM		27,187			10,522			(61	)%
Non-Interest Expenses:
Compensation and Benefits (1) (2)	3,178			2,550			2,045			2,752			3,426			3,288			1,829			3,086			12	%	10,525			11,629			10	%
Other Operating and Administrative Expenses	1,579			1,608			1,577			1,830			1,685			1,660			2,182			2,432			33	%	6,594			7,959			21	%
Total Non-Interest Expenses	4,757			4,158			3,622			4,582			5,111			4,948			4,011			5,518			20	%	17,119			19,588			14	%
Provision for Loan Losses	(50		)	23			57			79			263			(62		)	155			884			NM		109			1,240			NM
Provision for Unfunded Lending Commitments	50			150			50			—			—			—			50			100			—		250			150			(40	)%
Total Provision for Credit Losses	—			173			107			79			263			(62		)	205			984			NM		359			1,390			NM
Income (Loss) Before Taxes and Minority Interest	2,522			2,430			2,338			2,419			3,583			4,075			117			(18,231		)	NM		9,709			(10,456		)	NM
Income Taxes (Benefits)	574			702			598			654			947			1,236			(142		)	(7,257		)	NM		2,528			(5,216		)	NM
Minority Interest, Net of Tax	19			5			19			11			15			7			(21		)	12			9	%	54			13			(76	)%
Net Income (Loss)	$	1,929		$	1,723		$	1,721		$	1,754		$	2,621		$	2,832		$	280		$	(10,986	)	NM		$	7,127		$	(5,253	)	NM
Pre-tax Profit Margin	34.6		%	35.9		%	38.5		%	34.2		%	40.0		%	45.5		%	2.7		%	NM					35.7		%	NM
Compensation and Benefits Expenses as a Percent of Net Revenues (1) (2)	43.7		%	37.7		%	33.7		%	38.9		%	38.2		%	36.7		%	42.2		%	NM					38.7		%	NM
Non-Compensation Expenses as a Percent of Net Revenues	21.7		%	23.8		%	26.0		%	25.8		%	18.8		%	18.5		%	50.4		%	NM					24.3		%	NM

(1)	The 2007 fourth quarter includes a $438 million charge related to headcount reductions.
(2)	The 2006 first quarter includes $449 million (pretax) related to the adoption of SFAS 123(R).
NM	Not meaningful
Reclassified to conform to the current period’s presentation.

24

MARKETS & BANKING REVENUE DETAILS (In millions of dollars)

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q07 vs. 4Q06 Increase/		Full Year			Full Year			FY 2007 vs. FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Revenue Details:
Investment Banking:
Advisory and Other Fees	$	295		$	296		$	355		$	383		$	429		$	397		$	459		$	547		43	%	$	1,329		$	1,832		38	%
Equity Underwriting	286			284			204			463			523			539			389			461			—		1,237			1,912			55	%
Debt Underwriting	713			670			639			666			813			712			(193		)	414			(38	)%	2,688			1,746			(35	)%
Gross Investment Banking	1,294			1,250			1,198			1,512			1,765			1,648			655			1,422			(6	)%	5,254			5,490			4	%
Revenue Allocated to the Global Wealth Management Segment:
Equity Underwriting	(42		)	(49		)	(59		)	(111		)	(136		)	(137		)	(83		)	(88		)	21	%	(261		)	(444		)	(70	)%
Debt Underwriting	(36		)	(51		)	(50		)	(58		)	(34		)	(42		)	(31		)	(34		)	41	%	(195		)	(141		)	28	%
Net Investment Banking	1,216			1,150			1,089			1,343			1,595			1,469			541			1,300			(3	)%	4,798			4,905			2	%
Lending	411			569			481			526			561			495			412			989			88	%	1,987			2,457			24	%
Equity Markets	1,179			945			868			900			1,483			1,582			1,033			738			(18	)%	3,892			4,836			24	%
Fixed Income Markets	3,148			2,762			2,315			2,749			3,771			3,419			401			(16,880		)	NM		10,974			(9,289		)	NM
Other Securities and Banking (1)	(58		)	(157		)	(186		)	(32		)	(97		)	156			(117		)	(167		)	NM		(433		)	(225		)	48	%
Total Securities and Banking Revenues (1)	5,896			5,269			4,567			5,486			7,313			7,121			2,270			(14,020		)	NM		21,218			2,684			(87	)%
Transaction Services	1,382			1,495			1,500			1,594			1,645			1,840			2,063			2,292			44	%	5,971			7,840			31	%
Other	1			(3		)	—			—			(1		)	—			—			(1		)	—		(2		)	(2		)	—
Total Markets & Banking Revenues	$	7,279		$	6,761		$	6,067		$	7,080		$	8,957		$	8,961		$	4,333		$	(11,729	)	NM		$	27,187		$	10,522		(61	)%

(1)	Prior to the second quarter of 2007, Securities 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 Securities and Banking to conform to the GAAP presentation. Beginning in the 2007 second quarter, these results are consolidated.
NM	Not meaningful
Reclassified to conform to the current period’s presentation.

25

MARKETS & BANKING
SECURITIES AND BANKING
(In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com.

–Fixed income markets recorded negative revenue of $16.9 billion driven by:

·Write-downs of $17.4 billion on sub-prime related direct exposures.   These exposures on September 30, 2007 were comprised of approximately $11.7 billion of gross lending and structuring exposures and approximately $42.9 billion of net ABS CDO super senior exposures (ABS CDO super senior gross exposures of $53.4 billion).  On December 31, 2007, sub-prime related direct exposures were comprised of approximately $8.0 billion of gross lending and structuring exposures and approximately $29.3 billion of net ABS CDO super senior exposures (ABS CDO super senior gross exposures of $39.8 billion). See detail in Schedule B on page 12.

·Lower revenues due to write-downs on non sub-prime securitized products and in fixed income proprietary trading.

·These results were partially offset by double-digit revenue growth in interest rate and currency trading, and commodities.

–Equity markets revenues declined 18% to $738 million as record revenues in cash trading and strong growth in equity finance were more than offset by weaker performance in derivatives and convertibles, and write-downs in proprietary trading.

–Lending revenues increased 88% to $989 million, primarily driven by hedging gains related to the corporate loan portfolio.

–Net investment banking revenues were $1.3 billion, down 3%. 

·Record advisory and other fees increased 43% to $547 million.  For 2007, Citi ranked #3 in global announced and completed M&A.

·Equity underwriting revenues were even with the prior-year period.  For 2007, Citi ranked #3 in global equity underwriting.

·Debt underwriting revenues of $414 million declined 38%, reflecting $205 million of write-downs on funded and unfunded highly leveraged finance commitments, and lower industry-wide underwriting volumes.  The $205 million write-down on highly leveraged finance commitments was partially offset by $70 million of net recoveries on highly leveraged finance commitments recorded in Lending.

–Operating expenses increased 17%, reflecting higher other operating and administrative expenses offset by a decline in incentive compensation costs.  Other operating and administrative expenses grew primarily due to acquisitions and higher business development costs, and a $370 million pre-tax charge related to headcount reductions.

–Credit costs increased significantly, primarily driven by $535 million in net credit losses on loans with sub-prime related direct exposure, and a $284 million net charge to increase loan loss and unfunded lending commitment reserves reflecting a slight weakening in overall portfolio credit quality, as well as loan loss reserves for specific counterparties.  The loan loss reserves for specific counterparties includes $169 million for sub-prime related direct exposures.    

–Results also reflected a significant increase in the effective tax rate, primarily due to higher tax-rates in the jurisdictions where the write-downs on sub-prime direct exposures were incurred.   

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q07 vs. 4Q06 Increase/		Full Year			Full Year			FY 2007 vs. FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	1,571		$	1,408		$	1,139		$	1,365		$	1,614		$	1,908		$	2,332		$	2,534		86	%	$	5,483		$	8,388		53	%
Non-Interest Revenue	4,325			3,861			3,428			4,121			5,699			5,213			(62		)	(16,554		)	NM		15,735			(5,704		)	NM
Total Revenues, Net of Interest Expense	5,896			5,269			4,567			5,486			7,313			7,121			2,270			(14,020		)	NM		21,218			2,684			(87	)%
Total Operating Expenses	3,803			3,154			2,655			3,524			4,059			4,102			2,755			4,127			17	%	13,136			15,043			15	%
Provision for Loan Losses	(51		)	19			50			73			258			(56		)	151			899			NM		91			1,252			NM
Provision for Unfunded Lending Commitments	46			138			48			—			—			—			50			100			NM		232			150			(35	)%
Total Provision for Credit Losses	(5		)	157			98			73			258			(56		)	201			999			NM		323			1,402			NM
Income (Loss) Before Taxes and Minority Interest	2,098			1,958			1,814			1,889			2,996			3,075			(686		)	(19,146		)	NM		7,759			(13,761		)	NM
Income Taxes (Benefits)	461			541			452			490			812			927			(370		)	(7,519		)	NM		1,944			(6,150		)	NM
Minority Interest, Net of Tax	19			5			18			10			11			3			(26		)	5			(50	)%	52			(7		)	NM
Net Income (Loss)	$	1,618		$	1,412		$	1,344		$	1,389		$	2,173		$	2,145		$	(290	)	$	(11,632	)	NM		$	5,763		$	(7,604	)	NM
Average Risk Capital	$	19,123		$	20,173		$	20,450		$	20,817		$	22,701		$	25,912		$	29,985		$	37,815		82	%	$	20,141		$	29,103		44	%
Return on Risk Capital	34		%	28		%	26		%	26		%	39		%	33		%	(4		)%	(122		)%			29		%	(26		)%
Return on Invested Capital	26		%	21		%	19		%	20		%	30		%	26		%	(4		)%	(102		)%			21		%	(23		)%
Investment Banking
Global Debt, Equity and Equity-related Underwriting :
Global Volume (1)	$	180,939		$	164,782		$	154,724		$	181,618		$	204,501		$	199,167		$	103,389		$	110,546		(39	)%	$	682,063		$	617,603		(9	)%
Global Market Share	9.1		%	8.5		%	9.0		%	8.3		%	8.9		%	8.1		%	7.3		%	8.4		%			8.7		%	8.2		%
Rank	1			1			1			1			1			1			2			1					1			1
U.S. Volume (1)	$	112,927		$	118,422		$	101,607		$	103,054		$	137,536		$	133,366		$	74,663		$	79,193		(23	)%	$	436,010		$	424,758		(3	)%
U.S. Market Share	10.3		%	10.3		%	10.0		%	9.1		%	11.3		%	10.2		%	9.4		%	11.9		%			9.9		%	10.6		%
Rank	1			1			1			1			1			1			2			1					1			1

(1)	Full credit to book manager. Market volumes and shares sourced from Thomson Financial Securities Data.
NM	Not meaningful
Reclassified to conform to the current period’s presentation.

26

MARKETS & BANKING
TRANSACTION SERVICES
(In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release, as well as those from prior periods, on Citigroup’s website at www.citigroup.com.

–Revenues were a record $2.29 billion, up 44%, driven by higher customer volumes, stable net interest margins, and the acquisition of The Bisys Group, which closed in August 2007.  All regions generated strong double-digit revenue and net income growth.

–Liability balances grew 35% and assets under custody were up 26%. 

–Operating expenses increased 29%, primarily driven by increased business volumes, the impact of acquisitions, and a $67 million pre-tax charge related to headcount reductions.

–Net income was a record $664 million, up 76%.

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	663		$	739		$	774		$	833		$	838		$	923		$	1,027		$	1,136		36	%	$	3,009		$	3,924		30	%
Non-Interest Revenue	719			756			726			761			807			917			1,036			1,156			52	%	2,962			3,916			32	%
Total Revenues, Net of Interest Expense	1,382			1,495			1,500			1,594			1,645			1,840			2,063			2,292			44	%	5,971			7,840			31	%
Total Operating Expenses	949			989			954			1,058			1,037			1,125			1,224			1,363			29	%	3,950			4,749			20	%
Provision for Loan Losses	1			4			7			6			5			(6		)	4			(15		)	NM		18			(12		)	NM
Provision for Unfunded Lending Commitments	4			12			2			—			—			—			—			—			—		18			—			(100	)%
Total Provision for Credit Losses	5			16			9			6			5			(6		)	4			(15		)	NM		36			(12		)	NM
Income Before Taxes and Minority Interest	428			490			537			530			603			721			835			944			78	%	1,985			3,103			56	%
Income Taxes and Minority Interest, Net of Tax	105			150			152			152			156			207			245			280			84	%	559			888			59	%
Net Income	$	323		$	340		$	385		$	378		$	447		$	514		$	590		$	664		76	%	$	1,426		$	2,215		55	%
Average Risk Capital	$	1,470		$	1,582		$	1,517		$	1,376		$	1,442		$	1,643		$	1,827		$	1,807		31	%	$	1,486		$	1,680		13	%
Return on Risk Capital	89		%	86		%	101		%	109		%	126		%	125		%	128		%	146		%			96		%	132		%
Return on Invested Capital	50		%	50		%	57		%	59		%	67		%	70		%	66		%	67		%			54		%	67		%
Revenue Details:
Cash Management	$	792		$	856		$	894		$	963		$	981		$	1,047		$	1,146		$	1,286		34	%	$	3,505		$	4,460		27	%
Securities Services	438			478			450			478			507			624			735			816			71	%	1,844			2,682			45	%
Trade	152			161			156			153			157			169			182			190			24	%	622			698			12	%
Total Revenues, Net of Interest Expense	$	1,382		$	1,495		$	1,500		$	1,594		$	1,645		$	1,840		$	2,063		$	2,292		44	%	$	5,971		$	7,840		31	%
Average Deposits and Other Customer Liability Balances (in billions)	$	170		$	191		$	191		$	203		$	213		$	237		$	255		$	275		35	%
Assets Under Custody (EOP in trillions)	$	8.8		$	9.3		$	9.6		$	10.4		$	10.7		$	11.3		$	12.7		$	13.1		26	%

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

27

GLOBAL WEALTH MANAGEMENT
(In millions of dollars)

																										FY 2007 vs.
	1Q		2Q			3Q		4Q			1Q		2Q			3Q		4Q		4Q07 vs. 4Q06 Increase/		Full Year		Full Year		FY 2006 Increase/
	2006		2006			2006		2006			2007		2007			2007		2007		(Decrease)		2006		2007		(Decrease)
Global Wealth Management:
Net Interest Revenue	$	460	$	444		$	480	$	538		$	529	$	526		$	539	$	580	8	%	$	1,922	$	2,174	13	%
Non-Interest Revenue	2,023		2,048			2,006		2,178			2,289		2,671			2,970		2,882		32	%	8,255		10,812		31	%
Total Revenues, Net of Interest Expense	2,483		2,492			2,486		2,716			2,818		3,197			3,509		3,462		27	%	10,177		12,986		28	%
Total Operating Expenses	2,055		1,961			1,894		2,096			2,102		2,455			2,614		2,635		26	%	8,006		9,806		22	%
Total Provision for Loan Losses	5		8			16		(5		)	17		12			56		15		NM		24		100		NM
Income Before Taxes and Minority Interest	423		523			576		625			699		730			839		812		30	%	2,147		3,080		43	%
Income Taxes	136		176			177		214			251		199			312		272		27	%	703		1,034		47	%
Minority Interest, Net of Tax	—		—			—		—			—		17			38		17		—		—		72		—
Net Income	$	287	$	347		$	399	$	411		$	448	$	514		$	489	$	523	27	%	$	1,444	$	1,974	37	%
Financial Advisors (FA) / Bankers	13,837		13,671			13,601		13,694			13,605		15,595			15,458		15,454		13	%
Annualized Revenue per FA / Banker (in thousands)	$	715	$	726		$	729	$	796		$	837	$	878		$	897	$	889	12	%
Key Indicators (in billions of dollars):
Client Assets Under Fee-Based Management	$	369	$	363		$	374	$	399		$	418	$	509		$	515	$	507	27	%
Total Client Assets	$	1,347	$	1,321		$	1,362	$	1,438		$	1,493	$	1,788		$	1,820	$	1,784	24	%
Net Client Asset Flows	$	3	$	(4	)	$	3	$	12		$	6	$	—		$	8	$	1	(92	)%
Average Deposits and Other Customer Liability Balances	$	99	$	100		$	106	$	110		$	113	$	113		$	119	$	125	14	%
Average Loans	$	40	$	42		$	43	$	44		$	46	$	51		$	57	$	61	39	%
U.S.:
Total Revenues, Net of Interest Expense	$	2,154	$	2,149		$	2,153	$	2,337		$	2,385	$	2,439		$	2,454	$	2,509	7	%	$	8,793	$	9,787	11	%
Total Operating Expenses	1,805		1,706			1,649		1,794			1,797		1,914			1,857		1,870		4	%	6,954		7,438		7	%
Total Provision for Loan Losses	5		5			9		(2		)	11		(4		)	44		10		NM		17		61		NM
Income Before Taxes and Minority Interest	344		438			495		545			577		529			553		629		15	%	1,822		2,288		26	%
Income Taxes	116		148			153		195			216		194			220		242		24	%	612		872		42	%
Minority Interest, Net of Tax	—		—			—		—			—		—			—		—		—		—		—		—
Net Income	$	228	$	290		$	342	$	350		$	361	$	335		$	333	$	387	11	%	$	1,210	$	1,416	17	%
International:
Total Revenues, Net of Interest Expense	$	329	$	343		$	333	$	379		$	433	$	758		$	1,055	$	953	NM		$	1,384	$	3,199	NM
Total Operating Expenses	250		255			245		302			305		541			757		765		NM		1,052		2,368		NM
Total Provision for Loan Losses	—		3			7		(3		)	6		16			12		5		NM		7		39		NM
Income Before Taxes and Minority Interest	79		85			81		80			122		201			286		183		NM		325		792		NM
Income Taxes	20		28			24		19			35		5			92		30		58	%	91		162		78	%
Minority Interest, Net of Tax	—		—			—		—			—		17			38		17		—		—		72		—
Net Income	$	59	$	57		$	57	$	61		$	87	$	179		$	156	$	136	NM		$	234	$	558	NM

NM Not meaningful

Reclassified to conform to the current period’s presentation.

28

GLOBAL WEALTH MANAGEMENT SMITH BARNEY (1) (In millions of dollars) For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release,
 as well as those from prior periods, on Citigroup’s website at www.citigroup.com.

–Revenues grew 27%, driven by 18% growth in fee-based and net interest revenues and a 43% increase in transactional revenues.  Growth in fee-based revenues was driven by a continued shift toward offering fee-based advisory products and services.  Transactional revenue growth primarily reflected the increased ownership of Nikko Cordial in Japan.   

–Assets under fee-based management increased 30% to $446 billion, primarily driven by acquisitions, positive market action, and net client asset flows.

–Expenses grew 29%, primarily due to increased customer activity, the impact of acquisitions, and a $41 million pre-tax charge related to headcount reductions.

–Net income increased 7%, as increased business volumes and the impact of acquisitions were offset by the charge related to headcount reductions.

																																	FY 2007 vs.
																									4Q07 vs.		Full			Full			FY 2006
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Revenues:
Fee-Based and Net Interest Revenue	$	1,200		$	1,238		$	1,305		$	1,386		$	1,407		$	1,501		$	1,612		$	1,629		18	%	$	5,129		$	6,149		20	%
Commissions and Other Transactional Revenue	787			752			689			803			839			1,110			1,280			1,151			43	%	3,031			4,380			45	%
Total Revenues, Net of Interest Expense	1,987			1,990			1,994			2,189			2,246			2,611			2,892			2,780			27	%	8,160			10,529			29	%
Total Operating Expenses	1,720			1,624			1,565			1,710			1,724			2,063			2,188			2,210			29	%	6,619			8,185			24	%
Provision for Loan Losses	1			(1		)	(1		)	1			—			1			1			2			100	%	—			4			—
Income Before Taxes and Minority Interest	266			367			430			478			522			547			703			568			19	%	1,541			2,340			52	%
Income Taxes	98			129			136			173			198			209			286			224			29	%	536			917			71	%
Minority Interest, Net of Tax	—			—			—			—			—			17			38			17			—		—			72			—
Net Income	$	168		$	238		$	294		$	305		$	324		$	321		$	379		$	327		7	%	$	1,005		$	1,351		34	%
Pretax Profit Margin	13		%	18		%	22		%	22		%	23		%	21		%	24		%	20		%			19		%	22		%
Average Risk Capital	$	1,457		$	1,422		$	1,436		$	1,647		$	1,743		$	1,725		$	1,894		$	2,228		35	%	$	1,491		$	1,898		27	%
Return on Risk Capital	47		%	67		%	81		%	73		%	75		%	75		%	79		%	58		%			67		%	71		%
Return on Invested Capital	24		%	34		%	41		%	39		%	39		%	23		%	20		%	19		%			35		%	24		%
Financial Advisors	13,321			13,177			13,076			13,143			13,009			14,998			14,873			14,858			13	%
Annualized Revenue per FA (000)	$	597		$	600		$	606		$	667		$	697		$	748		$	768		$	742		11	%
Branch offices	635			635			635			634			638			805			803			795			25	%
Revenues:
Net Interest Revenue	$	209		$	203		$	247		$	306		$	285		$	271		$	273		$	281		(8	)%	$	965		$	1,110		15	%
Non-Interest Revenue	1,778			1,787			1,747			1,883			1,961			2,340			2,619			2,499			33	%	7,195			9,419			31	%
Total	$	1,987		$	1,990		$	1,994		$	2,189		$	2,246		$	2,611		$	2,892		$	2,780		27	%	$	8,160		$	10,529		29	%
Key Indicators (in billions of dollars):
Client Assets Under Fee-Based Management (2)	$	319		$	313		$	322		$	343		$	362		$	448		$	454		$	446		30	%
Total Client Assets	$	1,167		$	1,142		$	1,173		$	1,230		$	1,277		$	1,562		$	1,581		$	1,548		26	%
Net Client Asset Flows	$	3		$	(5	)	$	2		$	9		$	7		$	(3	)	$	7		$	1		(89	)%
Average Deposits and Other Customer Liability Balances	$	51		$	51		$	52		$	50		$	52		$	51		$	51		$	49		(2	)%

(1)    Smith Barney includes Smith Barney, Citigroup Wealth Advisors, Nikko, Quiller and the legacy Citicorp Investment Services business.

(2)    During the second quarter of 2007, Retail Distribution transferred approximately $47 billion of Client Assets and 686 Financial Advisors and 79 branches to Smith Barney related to the consolidation of Citicorp Investment Services into Smith Barney.

Reclassified to conform to the current period’s presentation.

29

	For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release,
GLOBAL WEALTH MANAGEMENT PRIVATE BANK (In millions of dollars)	as well as those from prior periods, on Citigroup’s website at www.citigroup.com.

–Revenues were a record, driven by a 36% increase in international revenues, reflecting strong growth in capital markets products in Asia and EMEA.  U.S. revenues increased 18% driven by increased average deposit and loan balances and higher investment sales. 

–Client business volumes increased 17%, including higher client assets under fee-based management, up 9%, and average loans, up 33%.

–Expenses grew 10% and primarily reflected higher compensation costs, driven by increased client activity and an increase in bankers, and a $26 million pre-tax charge related to headcount reductions.

–Credit costs increased due to a $13 million pre-tax charge to increase loan loss reserves, primarily related to new loan volumes.

–International growth drove an 85% increase in net income.

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q07 vs. 4Q06 Increase/		Full Year			Full Year			FY 2007 vs. FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Net Interest Revenue	$	251		$	241		$	233		$	232		$	244		$	255		$	266		$	299		29	%	$	957		$	1,064		11	%
Non-Interest Revenue	245			261			259			295			328			331			351			383			30	%	1,060			1,393			31	%
Total Revenues, Net of Interest Expense	496			502			492			527			572			586			617			682			29	%	2,017			2,457			22	%
Total Operating Expenses	335			337			329			386			378			392			426			425			10	%	1,387			1,621			17	%
Provision for Loan Losses	4			9			17			(6		)	17			11			55			13			NM		24			96			NM
Income Before Taxes	157			156			146			147			177			183			136			244			66	%	606			740			22	%
Income Taxes	38			47			41			41			53			(10		)	26			48			17	%	167			117			(30	)%
Net Income	$	119		$	109		$	105		$	106		$	124		$	193		$	110		$	196		85	%	$	439		$	623		42	%
Pretax Profit Margin	32		%	31		%	30		%	28		%	31		%	31		%	22		%	36		%			30		%	30		%
Average Risk Capital	$	1,082		$	944		$	928		$	1,036		$	1,136		$	1,153		$	1,286		$	1,586		53	%	$	998		$	1,290		29	%
Return on Risk Capital	45		%	46		%	45		%	41		%	44		%	67		%	34		%	49		%			44		%	48		%
Return on Invested Capital	42		%	42		%	41		%	38		%	40		%	61		%	32		%	47		%			41		%	45		%
Bankers	516			494			525			551			596			597			585			596			8	%
Annualized Revenue per Banker (in thousands)	$	3,898		$	3,976		$	3,863		$	3,918		$	4,047		$	3,940		$	4,142		$	4,579		17	%
Key Indicators (in billions of dollars):
Client Assets Under Fee-Based Management	$	50		$	50		$	52		$	56		$	56		$	61		$	61		$	61		9	%
Deposits and Other Customer Liability Balances	47			50			54			62			63			63			72			74			19	%
Other, Principally Custody Accounts	83			79			83			90			97			102			106			101			12	%
Total Client Assets	$	180		$	179		$	189		$	208		$	216		$	226		$	239		$	236		13	%
Loans and Unused Commitments	42			43			44			46			48			54			59			62			35	%
Total Client Business Volumes	$	222		$	222		$	233		$	254		$	264		$	280		$	298		$	298		17	%
Net Client Asset Flows	$	—		$	1		$	1		$	3		$	(1	)	$	3		$	1		$	—		(100	)%
Average Deposits and Other Customer Liability Balances	$	48		$	49		$	54		$	60		$	61		$	62		$	68		$	76		27	%
Average Loans	$	38		$	40		$	41		$	42		$	44		$	47		$	53		$	56		33	%
Revenues:
U.S.	$	210		$	210		$	204		$	198		$	201		$	201		$	208		$	234		18	%	$	822		$	844		3	%
International	286			292			288			329			371			385			409			448			36	%	1,195			1,613			35	%
Total	$	496		$	502		$	492		$	527		$	572		$	586		$	617		$	682		29	%	$	2,017		$	2,457		22	%
Net Credit Loss Ratio	(0.04		)%	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%	0.00		%

NM Not meaningful

Reclassified to conform to the current period’s presentation.

30

	For your convenience, an excerpt from our 2007 fourth quarter earnings press release is set out below. You can find the entire press release,
ALTERNATIVE INVESTMENTS (1) (In millions of dollars)	as well as those from prior periods, on Citigroup’s website at www.citigroup.com.

–Revenue and net income declined as growth in client revenues, up 16%, was offset by significantly lower proprietary investment revenues.  Proprietary investment revenues declined primarily due to a decline in private equity gains, lower results from hedge fund activities, and a lower market value on Legg Mason shares.  Client capital under management increased 26%.  Client revenues and capital reflected organic growth and the acquisition of Old Lane Partners, L.P. in July 2007.

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q07 vs. 4Q06 Increase/		Full Year			Full Year			FY 2007 vs. FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Total Revenues, Net of Interest Expense	$	675		$	584		$	334		$	1,308		$	562		$	1,032		$	125		$	384		(71	)%	$	2,901		$	2,103		(28	)%
Total Operating Expenses	181			199			137			246			180			215			238			280			14	%	763			913			20	%
Provision for Loan Losses	—			(13		)	—			—			1			—			(1		)	—			—		(13		)	—			100	%
Income (Loss) Before Taxes and Minority Interest	494			398			197			1,062			381			817			(112		)	104			(90	)%	2,151			1,190			(45	)%
Income Taxes (Benefits)	111			138			70			387			138			297			(44		)	40			(90	)%	706			431			(39	)%
Minority Interest, Net of Tax	30			3			10			126			21			64			(1		)	3			(98	)%	169			87			(49	)%
Net Income (Loss)	$	353		$	257		$	117		$	549		$	222		$	456		$	(67	)	$	61		(89	)%	$	1,276		$	672		(47	)%
Assets (in billions)	$	11.8		$	11.9		$	10.8		$	11.9		$	12.3		$	17.1		$	20.7		$	72.9		NM
Average Risk Capital (in billions)	$	4.5		$	4.0		$	4.0		$	4.1		$	4.1		$	4.0		$	4.3		$	4.4		7	%	$	4.2		$	4.2		—
Return on Risk Capital	32		%	26		%	12		%	53		%	22		%	46		%	(6		)%	6		%			31		%	16		%
Return on Invested Capital	28		%	22		%	8		%	50		%	19		%	42		%	(8		)%	3		%			27		%	13		%
Total Revenues, Net of Interest Expense (by Business):
Client	$	91		$	97		$	97		$	178		$	126		$	122		$	170		$	206		16	%	$	463		$	624		35	%
Proprietary Investment Activities:
Private Equity	213			516			56			958			361			711			233			355			(63	)%	1,743			1,660			(5	)%
Hedge Funds	107			(43		)	1			146			47			119			(208		)	(57		)	NM		211			(99		)	NM
Other	264			14			180			26			28			80			(70		)	(120		)	NM		484			(82		)	NM
Total Proprietary Investment Activities	584			487			237			1,130			436			910			(45		)	178			(84	)%	2,438			1,479			(39	)%
Total	$	675		$	584		$	334		$	1,308		$	562		$	1,032		$	125		$	384		(71	)%	$	2,901		$	2,103		(28	)%
Total Revenues, Net of Interest Expense (by Type):
Client	$	91		$	97		$	97		$	178		$	126		$	122		$	170		$	206		16	%	$	463		$	624		35	%
Proprietary Investment Activities:
Fees / Dividends / Interest	49			49			58			293			35			42			144			41			(86	)%	449			262			(42	)%
Realized & Unrealized Gains (including Public Mark-to-Market)	563			475			200			869			444			910			(121		)	184			(79	)%	2,107			1,417			(33	)%
Other	(28		)	(37		)	(21		)	(32		)	(43		)	(42		)	(68		)	(47		)	(47	)%	(118		)	(200		)	(69	)%
Total Proprietary Investment Activities	584			487			237			1,130			436			910			(45		)	178			(84	)%	2,438			1,479			(39	)%
Total	$	675		$	584		$	334		$	1,308		$	562		$	1,032		$	125		$	384		(71	)%	$	2,901		$	2,103		(28	)%
Capital Under Management (in billions):
Client	$	28.2		$	30.6		$	33.5		$	38.5		$	42.9		$	47.4		$	50.4		$	48.7		26	%
Proprietary Investment Activities	11.1			11.3			10.2			10.7			10.8			11.8			11.6			10.5			(2	)%
Capital Under Management	$	39.3		$	41.9		$	43.7		$	49.2		$	53.7		$	59.2		$	62.0		$	59.2		20	%

(1)  Includes Citigroup Venture Capital activities and certain other corporate investments

NM Not meaningful

Reclassified to conform to the current period’s presentation.

31

CITIGROUP — RETURN ON CAPITAL (1)

	Average Risk Capital ($M) (2)							Return on Risk Capital						Return on Invested Capital
	Fourth			Third		Fourth		Fourth		Third		Fourth		Fourth		Third		Fourth
	Quarter			Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
	2006			2007		2007		2006		2007		2007		2006		2007		2007
Global Consumer:
U.S. Cards	$	5,544		$	5,213	$	5,609	72	%	65	%	28	%	30	%	27	%	13	%
U.S. Retail Distribution	3,638			3,791		3,754		50	%	27	%	26	%	20	%	11	%	11	%
U.S. Consumer Lending	4,766			5,657		5,047		40	%	(16	)%	(94	)%	25	%	(11	)%	(59	)%
U.S. Commercial Business	2,452			2,559		2,581		24	%	19	%	19	%	12	%	10	%	10	%
Total U.S. Consumer	16,400			17,220		16,991		51	%	23	%	(10	%)	24	%	11	%	4	%
International Cards	2,301			3,300		3,562		40	%	78	%	76	%	18	%	35	%	36	%
International Consumer Finance	1,156			1,109		1,093		(120	)%	(114	)%	(75	)%	(30	)%	(39	)%	(25	)%
International Retail Banking	9,641			11,223		10,932		31	%	20	%	32	%	17	%	11	%	16	%
Total International Consumer	13,098			15,632		15,587		19	%	22	%	34	%	10	%	11	%	17	%
Other	—			—		—		—		—		—		—		—		—
Total Global Consumer	29,498			32,852		32,578		35	%	22	%	9	%	17	%	11	%	5	%
Markets & Banking:
Securities and Banking	20,817			29,985		37,815		26	%	(4	)%	(122	)%	20	%	(4	)%	(102	)%
Transaction Services	1,376			1,827		1,807		109	%	128	%	146	%	59	%	66	%	67	%
Other	—			—		—		—		—		—		—		—		—
Total Markets & Banking	22,193			31,812		39,622		31	%	3	%	(110	)%	23	%	2	%	(88	)%
Global Wealth Management:
Smith Barney	1,647			1,894		2,228		73	%	79	%	58	%	39	%	20	%	19	%
Private Bank	1,036			1,286		1,586		41	%	34	%	49	%	38	%	32	%	47	%
Total Global Wealth Management	2,683			3,180		3,814		61	%	61	%	54	%	39	%	22	%	24	%
Alternative Investments	4,118			4,309		4,447		53	%	(6	)%	6	%	50	%	(8	)%	3	%
Corporate / Other	(42		)	4,145		5,275		NM		NM		NM		NM		NM		NM
Total Citigroup - Risk Capital (Continuing Operations) (2) (3)	$	58,450		$	76,298	$	85,736	35	%	12	%	(46	)%
Total Citigroup - Return on Invested Capital (Net Income) (2) (4)														17	%	7	%	(28	)%

(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.
(4)	Total Citigroup Return on Invested Capital equals Citigroup Return on Common Equity.
NM	Not meaningful
Reclassified to conform to the current period’s presentation.

32

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

	Average Volumes						Interest						% Average Rate (4)
	Fourth		Third		Fourth		Fourth		Third		Fourth		Fourth		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars	2006		2007		2007 (5)		2006		2007		2007 (5)		2006		2007		2007 (5)
Assets:
Deposits with Banks	$	40,598	$	62,833	$	63,902	$	693	$	874	$	825	6.77	%	5.52	%	5.12	%
Fed Funds Sold and Resale Agreements (6)	265,817		369,561		314,691		3,884		5,090		4,314		5.80	%	5.46	%	5.44	%
Trading Account Assets (7)	327,374		487,688		460,489		3,368		5,156		5,036		4.08	%	4.19	%	4.34	%
Investments (1)	266,823		259,814		234,760		3,482		3,357		3,013		5.18	%	5.13	%	5.09	%
Consumer Loans	500,478		561,039		590,924		10,876		12,815		13,480		8.62	%	9.06	%	9.05	%
Corporate Loans	163,657		202,349		202,251		3,267		4,252		4,459		7.92	%	8.34	%	8.75	%
Total Loans (net of Unearned Income)	664,135		763,388		793,175		14,193		17,067		17,939		8.45	%	8.87	%	8.97	%
Other Interest-Earning Assets	58,881		97,506		114,484		709		1,485		1,491		4.78	%	6.04	%	5.17	%
Total Average Interest-Earning Assets	$	1,623,628	$	2,040,790	$	1,981,501	$	26,279	$	33,029	$	32,618	6.42	%	6.42	%	6.53	%
Liabilities:
Deposits	$	626,979	$	720,975	$	758,211	$	6,177	$	7,539	$	7,705	3.91	%	4.15	%	4.03	%
Fed Funds Purchased and Repurchase Agreements (6)	323,579		428,281		365,852		4,834		6,431		5,202		5.93	%	5.96	%	5.64	%
Trading Account Liabilities (7)	79,273		117,854		91,843		294		371		382		1.47	%	1.25	%	1.65	%
Short-Term Borrowings	159,188		266,736		247,113		1,442		2,049		1,914		3.59	%	3.05	%	3.07	%
Long-Term Debt (8)	259,379		328,997		357,691		3,471		4,414		4,790		5.31	%	5.32	%	5.31	%
Total Average Interest-Bearing Liabilities	$	1,448,398	$	1,862,843	$	1,820,710	$	16,218	$	20,804	$	19,993	4.44	%	4.43	%	4.36	%
Net Interest Revenue as a% of Average Interest-Earning Assets (NIM)							$	10,061	$	12,225	$	12,625	2.46	%	2.38	%	2.53	%
4Q07 Increase (Decrease) From													7	bps	15	bps

(1)   Interest Revenue excludes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $30 million for the 2006 fourth quarter, $34 million for the 2007 third quarter and $31 million for the 2007 fourth quarter.

(2)   Citigroup Average Balances and Interest Rates include both domestic and international operations.

(3)   Monthly or quarterly averages have been used by certain subsidiaries where daily averages are unavailable.

(4)   Average Rate% is calculated as annualized interest over average volumes.

(5)   Preliminary

(6)   Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of FIN 41.

(7)   Interest expense on trading account liabilities of Markets and Banking is reported as a reduction of interest revenue. Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively.

(8)   Excludes hybrid financial instruments and beneficial interests in consolidated VIEs that are classified as long-term debt as these obligations are accounted for at fair value with changes recorded in Principal Transactions.

Reclassified to conform to the current period’s presentation.

33

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)									Average Loans
	4Q06			3Q07			4Q07			4Q07		4Q06			3Q07			4Q07			4Q07
PRODUCT VIEW:
U.S.:
U.S. Cards	$	718		$	625		$	779		$	42.0	$	439		$	399		$	595		$	42.5
Ratio	1.61		%	1.79		%	1.85		%			4.30		%	4.39		%	5.55		%
U.S. Retail Distribution	834			991			1,146			58.1		337			388			479			57.0
Ratio	1.73		%	1.79		%	1.97		%			2.88		%	2.87		%	3.33		%
U.S. Consumer Lending	2,870			4,426			5,354			231.1		258			417			654			231.4
Ratio	1.36		%	1.93		%	2.32		%			0.49		%	0.73		%	1.12		%
U.S. Commercial Business	149			166			179			39.1		23			13			18			39.5
Ratio	0.41		%	0.43		%	0.46		%			0.25		%	0.14		%	0.19		%
International:
International Cards	709			964			1,041			46.5		402			594			386			45.2
Ratio	2.29		%	2.22		%	2.24		%			5.39		%	5.62		%	3.39		%
International Consumer Finance	608			609			529			26.2		380			481			491			27.1
Ratio	2.43		%	2.30		%	2.02		%			6.05		%	7.37		%	7.19		%
International Retail Banking	667			739			783			87.7		221			262			383			86.1
Ratio	0.97		%	0.89		%	0.89		%			1.29		%	1.28		%	1.76		%
Private Bank	21			31			30			57.2		—			—			—			56.3
Ratio	0.05		%	0.06		%	0.05		%			0.00		%	0.00		%	0.00		%
Other Consumer Loans	—			—			—			5.4		—			—			(1		)	5.5
On-Balance Sheet Loans (2)	$	6,576		$	8,551		$	9,841		$	593.3	$	2,060		$	2,554		$	3,005		$	590.6
Ratio	1.29		%	1.50		%	1.66		%			1.64		%	1.81		%	2.02		%
Securitized Receivables (all in U.S. Cards)	1,616			1,595			1,864			108.1		1,094			1,174			1,271			99.6
Loans Held-for-Sale	—			40			14			1.0		—			—			—			2.7
Managed Loans (3)	$	8,192		$	10,186		$	11,719		$	702.4	$	3,154		$	3,728		$	4,276		$	692.9
Ratio	1.34		%	1.51		%	1.67		%			2.09		%	2.23		%	2.45		%
REGIONAL VIEW:
U.S.	$	4,584		$	6,234		$	7,484		$	410.1	$	1,058		$	1,217		$	1,746		$	409.6
Ratio	1.24		%	1.58		%	1.83		%			1.16		%	1.24		%	1.69		%
Mexico	625			604			743			19.4		163			206			249			19.2
Ratio	3.78		%	3.26		%	3.83		%			3.97		%	4.48		%	5.15		%
Europe, Middle East and Africa (EMEA)	574			725			640			64.6		303			420			304			65.1
Ratio	1.32		%	1.16		%	0.99		%			2.84		%	2.68		%	1.86		%
Japan	235			226			196			10.5		273			335			324			10.6
Ratio	2.08		%	2.15		%	1.88		%			9.43		%	12.62		%	12.12		%
Asia (excluding Japan)	439			474			513			76.6		186			195			215			74.5
Ratio	0.71		%	0.66		%	0.67		%			1.22		%	1.13		%	1.14		%
Latin America	119			288			265			12.1		77			181			167			11.6
Ratio	1.84		%	2.59		%	2.20		%			4.98		%	6.84		%	5.72		%
On-Balance Sheet Loans (2)	$	6,576		$	8,551		$	9,841		$	593.3	$	2,060		$	2,554		$	3,005		$	590.6
Ratio	1.29		%	1.50		%	1.66		%			1.64		%	1.81		%	2.02		%
Securitized Receivables (all in U.S. Cards)	1,616			1,595			1,864			108.1		1,094			1,174			1,271			99.6
Loans Held-for-Sale	—			40			14			1.0		—			—			—			2.7
Managed Loans (3)	$	8,192		$	10,186		$	11,719		$	702.4	$	3,154		$	3,728		$	4,276		$	692.9
Ratio	1.34		%	1.51		%	1.67		%			2.09		%	2.23		%	2.45		%

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

(2)     Total Loans and Total Average Loans exclude certain interest and fees on credit cards of approximately $3 billion and $3 billion, respectively, which are included in Consumer Loans on the Consolidated Balance Sheet.

(3)     This table presents consumer credit information on a held basis and shows the impact of securitizations to reconcile to a managed basis.  Only U.S. Cards from a product view and North America from a regional view are impacted. Managed basis reporting is a non-GAAP measure. Held basis reporting is the related GAAP measure. For a discussion of managed basis reporting see Note 2 to the Cards business on page 10.

Reclassified to conform to the current period’s presentation.

34

ALLOWANCE FOR CREDIT LOSSES

TOTAL CITIGROUP

(In millions of dollars)

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q07 vs. 4Q06 Increase/		Full Year			Full Year			FY 2007 vs. FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
Allowance for Loan Losses at Beginning of Period	$	9,782		$	9,505		$	9,144		$	8,979		$	8,940		$	9,510		$	10,381		$	12,728				$	9,782		$	8,940
Gross Credit (Losses)	(2,183		)	(2,354		)	(2,362		)	(2,642		)	(2,667		)	(2,662		)	(3,091		)	(4,280		)	(62	)%	(9,541		)	(12,700		)	(33	)%
Gross Recoveries	583			558			556			500			558			607			505			579			16	%	2,197			2,249			2	%
Net Credit (Losses) / Recoveries (NCL’s)	(1,600		)	(1,796		)	(1,806		)	(2,142		)	(2,109		)	(2,055		)	(2,586		)	(3,701		)	(73	)%	(7,344		)	(10,451		)	(42	)%
NCL’s	1,600			1,796			1,806			2,142			2,109			2,055			2,586			3,701			73	%	7,344			10,451			42	%
Reserve Releases (1)	(301		)	(442		)	(336		)	(175		)	(67		)	(23		)	—			(38		)	78	%	(1,254		)	(128		)	90	%
Reserve Builds (1)	150			185			322			153			646			545			2,043			3,560			NM		810			6,794			NM
Specific Reserve Releases / Utilizations	(81		)	(87		)	(15		)	(17		)	(28		)	(66		)	(48		)	(8		)	53	%	(200		)	(150		)	25	%
Specific Reserve Builds	6			11			13			21			43			—			197			205			NM		51			445			NM
Build(Release/Utilization)for Purchased Distressed Loan Portfolios	22			(27		)	3			(11		)	3			9			(2		)	2			NM		(13		)	12			NM
Provision for Loan Losses	1,396			1,436			1,793			2,113			2,706			2,520			4,776			7,422			NM		6,738			17,424			NM
Other (2)	(73		)	(1		)	(152		)	(10		)	(27		)	406			157			(332		)			(236		)	204			NM
Allowance for Loan Losses at End of Period (a)	$	9,505		$	9,144		$	8,979		$	8,940		$	9,510		$	10,381		$	12,728		$	16,117				$	8,940		$	16,117
Corporate Allowance for Unfunded Lending Commitments (3) (a)	$	900		$	1,050		$	1,100		$	1,100		$	1,100		$	1,100		$	1,150		$	1,250				$	1,100		$	1,250
Provision for Unfunded Lending Commitments	$	50		$	150		$	50		$	—		$	—		$	—		$	50		$	100				$	250		$	150
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	10,405		$	10,194		$	10,079		$	10,040		$	10,610		$	11,481		$	13,878		$	17,367				$	10,040		$	17,367
Total Allowance for Loans, Leases and Unfunded Lending Commitments as a Percentage of Total Loans	1.72		%	1.60		%	1.54		%	1.48		%	1.53		%	1.55		%	1.79		%	2.23		%

(1)     Allowance for Credit Losses represents management’s estimate of probable losses inherent in the portfolio.  Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio.

(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 2007 fourth quarter, reductions to the credit loss reserves of $150 million related to securitizations and $7 million related to transfers to loans held-for-sale, reductions of $151 million related to purchase price adjustments to the Egg Bank acquisition and reductions of $83 million related to the transfer of the U.K. CitiFinancial portfolio to held-for-sale.

          -  For the 2007 third quarter, reductions to the credit loss reserves of $73 million related to securitizations.  Additionally includes adjustments for purchase accounting relating to the acquisition of Grupo Cuscatlan of $181 million.

          -  For the 2007 second quarter, reductions to the credit loss reserves of $70 million related to securitizations and $77 million related to transfers to loans held-for-sale, and the addition of $505 million related to the acquisition of Egg and Nikko.

          -  For the 2007 first quarter, reductions to the credit loss reserves of $98 million related to securitizations and transfers to loans held-for-sale, and the addition of $75 million related to the acquisition of Grupo Financiero Uno.

          -  For the 2006 fourth quarter, reductions to the credit loss reserves of $74 million related to securitizations.

          -  For the 2006 third quarter, reductions to the credit loss reserves of $140 million related to securitizations and portfolio sales.

          -  For the 2006 second quarter, reductions to the credit loss reserves of $125 million related to securitizations, and the addition of $84 million related to the acquisition of the Credicard portfolio.

          -  For the 2006 first quarter, reductions to the credit loss reserves of $90 million related to securitizations.

(3)     Represent additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

NM not meaningful

35

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

	1Q 2006			2Q 2006			3Q 2006			4Q 2006			1Q 2007			2Q 2007			3Q 2007			4Q 2007			4Q07 vs. 4Q06 Increase/ (Decrease)		Full Year 2006			Full Year 2007			FY 2007 vs. FY 2006 Increase/ (Decrease)
Allowance for Loan Losses at Beginning of Period	$	6,922		$	6,647		$	6,311		$	6,087		$	6,006		$	6,338		$	7,206		$	9,200				$	6,922		$	6,006
Gross Credit (Losses)	(2,142		)	(2,235		)	(2,318		)	(2,532		)	(2,632		)	(2,610		)	(2,999		)	(3,514		)	(39	)%	(9,227		)	(11,755		)	(27	)%
Gross Recoveries	509			481			503			472			500			518			445			509			8	%	1,965			1,972			0	%
Net Credit (Losses) / Recoveries (NCL’s)	(1,633		)	(1,754		)	(1,815		)	(2,060		)	(2,132		)	(2,092		)	(2,554		)	(3,005		)	(46	)%	(7,262		)	(9,783		)	(35	)%
NCL’s	1,633			1,754			1,815			2,060			2,132			2,092			2,554			3,005			46	%	7,262			9,783			35	%
Reserve Releases (2)	(301		)	(442		)	(336		)	(175		)	(67		)	(23		)	—			(38		)	78	%	(1,254		)	(128		)	90	%
Reserve Builds (2)	150			110			247			153			346			545			2,043			3,560			NM		660			6,494			NM
Specific Reserve Releases / Utilizations	(36		)	(3		)	—			(11		)	(5		)	(31		)	(10		)	(5		)	55	%	(50		)	(51		)	(2	)%
Specific Reserve Builds	—			7			10			1			37			—			36			20			NM		18			93			NM
Build(Release/Utilization)for Purchased Distressed Loan Portfolios	—			—			—			—			—			—			—			—			—		—			—			—
Provision for Loan Losses	1,446			1,426			1,736			2,028			2,443			2,583			4,623			6,542			NM		6,636			16,191			NM
Other (3)	(88		)	(8		)	(145		)	(49		)	21			377			(75		)	(343		)			(290		)	(20		)	93	%
Allowance for Loan Losses at End of Period	$	6,647		$	6,311		$	6,087		$	6,006		$	6,338		$	7,206		$	9,200		$	12,394				$	6,006		$	12,394
Net Consumer Credit (Losses) as a Percentage of Average Consumer Loans	1.46		%	1.48		%	1.49		%	1.64		%	1.69		%	1.56		%	1.81		%	2.02		%
Consumer Allowance for Credit Losses As a Percentage of Total Consumer Loans	1.44		%	1.31		%	1.25		%	1.17		%	1.22		%	1.31		%	1.61		%	2.09		%

(1)           Includes loans made to Global Wealth Management clients.

(2)Allowance for Credit Losses represents management’s estimate of probable losses inherent in the portfolio. Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio.

(3)Includes all adjustments to the Allowance for Credit Losses, such as changes in the allowance from acquisitions, securitizations, foreign exchange translation, purchase accounting adjustments, etc. The significant items reported on this line for the periods presented include:

– For the 2007 fourth quarter, reductions to the credit loss reserves of $150 million related to securitizations and $7 million related to transfers to loans held-for-sale, reductions of $151 million related to purchase price adjustments
to the Egg Bank acquisition and reductions of $83 million related to the transfer of the U.K. CitiFinancial portfolio to held-for-sale.

– For the 2007 third quarter, reductions to the credit loss reserves of $73 million related to securitizations.

– For the 2007 second quarter, reductions to the credit loss reserves of $70 million related to securitizations and $77 million related to transfers to loans held-for-sale, and the addition of $505
million related to the acquisition of Egg and Nikko.

– For the 2007 first quarter, reductions to the credit loss reserves of $98 million related to securitizations and transfers to loans held-for-sale, and the addition of $75 million related to the acquisition of Grupo Financiero Uno.
The 2007 first quarter also includes $41million related to the reorganization of the KorAm loan portfolio.

– For the 2006 fourth quarter, reductions to the credit loss reserves of $74 million related to securitizations.

– For the 2006 third quarter, reductions to the credit loss reserves of $140 million related to securitizations and portfolio sales.

– For the 2006 second quarter, reductions to the credit loss reserves of $125 million related to securitizations, and the addition of $84 million
related to the acquisition of the Credicard portfolio.

– For the 2006 first quarter, reductions to the credit loss reserves of $90 million related to securitizations.

NM Not meaningful

36

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

	1Q 2006			2Q 2006			3Q 2006			4Q 2006			1Q 2007			2Q 2007			3Q 2007			4Q 2007			4Q07 vs. 4Q06 Increase/ (Decrease)		Full Year 2006			Full Year 2007			FY 2007 vs. FY 2006 Increase/ (Decrease)
Allowance for Loan Losses at Beginning of Period	$	2,860		$	2,858		$	2,833		$	2,892		$	2,934		$	3,172		$	3,175		$	3,528				$	2,860		$	2,934
Gross Credit (Losses)	(41		)	(119		)	(44		)	(110		)	(35		)	(52		)	(92		)	(766		)	NM		(314		)	(945		)	NM
Gross Recoveries	74			77			53			28			58			89			60			70			NM		232			277			19	%
Net Credit (Losses) / Recoveries (NCL’s)	33			(42		)	9			(82		)	23			37			(32		)	(696		)	NM		(82		)	(668		)	NM
NCL’s	(33		)	42			(9		)	82			(23		)	(37		)	32			696			NM		82			668			NM
Reserve Releases (2)	—			—			—			—			—			—			—			—			—		—			—			—
Reserve Builds (2)	—			75			75			—			300			—			—			—			—		150			300			100	%
Specific Reserve Releases / Utilizations	(45		)	(84		)	(15		)	(6		)	(23		)	(35		)	(38		)	(3		)	50	%	(150		)	(99		)	34	%
Specific Reserve Builds	6			4			3			20			6			—			161			185			—		33			352			NM
Build(Release/Utilization)for Purchased Distressed Loan Portfolios	22			(27		)	3			(11		)	3			9			(2		)	2			NM		(13		)	12			NM
Provision for Loan Losses	(50		)	10			57			85			263			(63		)	153			880			NM		102			1,233			NM
Other (3)	15			7			(7		)	39			(48		)	29			232			11					54			224			NM
Allowance for Loan Losses at End of Period (a)	$	2,858		$	2,833		$	2,892		$	2,934		$	3,172		$	3,175		$	3,528		$	3,723				$	2,934		$	3,723
Net Corporate Credit (Losses) as a Percentage of Average Corporate Loans	NM			0.03		%	NM			0.05		%	NM			NM			0.02		%	0.34		%
Corporate Allowance for Credit Losses As a Percentage of Total Corporate Loans	2.00		%	1.81		%	1.73		%	1.76		%	1.82		%	1.66		%	1.74		%	2.00		%
Corporate Allowance for Unfunded Lending Commitments (4) (a)	$	900		$	1,050		$	1,100		$	1,100		$	1,100		$	1,100		$	1,150		$	1,250				$	1,100		$	1,250
Provision for Unfunded Lending Commitments	$	50		$	150		$	50		$	—		$	—		$	—		$	50		$	100				$	250		$	150
Total Corporate Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	3,758		$	3,883		$	3,992		$	4,034		$	4,272		$	4,275		$	4,678		$	4,973				$	4,034		$	4,973
Total Allowance for Loans, Leases and Unfunded Lending Commitments as a Percentage of Total Corporate Loans	2.62		%	2.48		%	2.39		%	2.43		%	2.45		%	2.23		%	2.30		%	2.68		%

(1)           Includes Loans related to the Alternative Investments and Corporate / Other segments.

(2)Allowance for Credit Losses represents management’s estimate of probable losses inherent in the portfolio.  Attribution of the allowance is made for
analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio.

(3)Includes all adjustments to the Allowance for Credit Losses, such as changes in the allowance from acquisitions, securitizations, foreign exchange translation, purchase
accounting adjustments, etc.  The significant items reported on this line for the periods presented include:

–  The 2007 first quarter includes the reclassification to Consumer Loans of $41 million related to the reorganization of the KorAm loan portfolio.

–  The 2007 second quarter includes the acquisition of Grupo Cuscatlan of $18 million.

–  The 2007 third quarter includes adjustments for purchase accounting relating to the acquisition of Grupo Cuscatlan of $181 million and the transfer of units into Markets & Banking
that were previously held as Consumer of $43 million.

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

NM  Not meaningful

37

CITIGROUP —  COMPONENTS OF PROVISION FOR LOAN LOSSES
(In millions of dollars)

																									4Q07 vs.		Full			Full			FY 2007 vs.
	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q			4Q06 Increase/		Year			Year			FY 2006 Increase/
	2006			2006			2006			2006			2007			2007			2007			2007			(Decrease)		2006			2007			(Decrease)
U.S. Cards
Net Credit Losses	$	446		$	447		$	456		$	439		$	439		$	408		$	399		$	595		36	%	$	1,788		$	1,841		3	%
Credit Reserve Build / (Release)	(72		)	(160		)	(122		)	(37		)	(44		)	224			134			493			NM		(391		)	807			NM
U.S. Retail Distribution
Net Credit Losses	279			288			282			337			335			360			388			479			42	%	1,186			1,562			32	%
Credit Reserve Build / (Release)	(55		)	(31		)	(29		)	(59		)	(1		)	—			299			376			NM		(174		)	674			NM
U.S. Consumer Lending
Net Credit Losses	176			160			193			258			286			289			417			654			NM		787			1,646			NM
Credit Reserve Build / (Release)	(31		)	(75		)	(8		)	(13		)	217			39			854			2,416			NM		(127		)	3,526			NM
U.S. Commercial Business
Net Credit Losses	14			12			8			23			19			33			13			18			(22	)%	57			83			46	%
Credit Reserve Build / (Release)	(38		)	(8		)	(38		)	(18		)	10			(18		)	9			20			NM		(102		)	21			NM
International Cards
Net Credit Losses	218			333			347			402			384			397			594			386			(4	)%	1,300			1,761			35	%
Credit Reserve Build / (Release)	94			26			59			87			22			201			334			149			71	%	266			706			NM
International Consumer Finance
Net Credit Losses	319			323			389			380			430			437			481			491			29	%	1,411			1,839			30	%
Credit Reserve Build / (Release)	(16		)	17			135			25			26			30			252			71			NM		161			379			NM
International Retail Banking
Net Credit Losses	184			191			141			221			238			168			262			383			73	%	737			1,051			43	%
Credit Reserve Build / (Release)	(77		)	(105		)	(93		)	(12		)	64			5			131			(3		)	75	%	(287		)	197			NM
Global Wealth Management:
Smith Barney
Net Credit Losses	—			—			—			—			—			—			—			—			—		—			—			—
Credit Reserve Build / (Release)	1			(1		)	(1		)	1			—			1			1			2			100	%	—			4			—
Private Bank
Net Credit Losses	(4		)	—			—			—			—			—			—			—			—		(4		)	—			100	%
Credit Reserve Build / (Release)	8			9			17			(6		)	17			11			55			13			NM		28			96			NM
Other	—			—			—			—			1			(2		)	—			(1		)	—		—			(2		)	—
Consumer Provision for Loan Losses	1,446			1,426			1,736			2,028			2,443			2,583			4,623			6,542			NM		6,636			16,191			NM
Markets & Banking:
Securities and Banking
Net Credit Losses	(34		)	37			(11		)	70			(28		)	(37		)	30			686			NM		62			651			NM
Credit Reserve Build / (Release)	(17		)	(18		)	61			3			286			(19		)	121			213			NM		29			601			NM
Transaction Services
Net Credit Losses	1			18			2			6			5			1			4			14			NM		27			24			(11	)%
Credit Reserve Build / (Release)	—			(14		)	5			—			—			(7		)	—			(29		)	—		(9		)	(36		)	NM
Other	—			—			—			—			—			—			—			—			—		—			—			—
Alternative Investments
Net Credit Losses	—			(13		)	—			—			1			—			(1		)	—			—		(13		)	—			100	%
Corporate / Other
Net Credit Losses	—			—			—			6			(1		)	(1		)	(1		)	(4		)	NM		6			(7		)	NM
Corporate Provision for Loan Losses	(50		)	10			57			85			263			(63		)	153			880			NM		102			1,233			NM
Total Provision for Loan Losses	$	1,396		$	1,436		$	1,793		$	2,113		$	2,706		$	2,520		$	4,776		$	7,422		NM		$	6,738		$	17,424		NM

NM  Not meaningful

Reclassified to conform to the current period’s presentation.

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NON-PERFORMING ASSETS
(In millions of dollars)

	1Q			2Q			3Q			4Q			1Q			2Q			3Q			4Q
	2006			2006			2006			2006			2007			2007			2007			2007
CASH-BASIS AND RENEGOTIATED LOANS
Corporate Cash-Basis Loans
Collateral Dependent (at lower of cost or collateral value)	$	—		$	—		$	15		$	19		$	19		$	11		$	11		$	11
Other	821			799			677			516			481			588			1,207			1,747
Total Corporate Cash-Basis Loans (1)	$	821		$	799		$	692		$	535		$	500		$	599		$	1,218		$	1,758
Corporate Cash-Basis Loans
JENA (2)	$	151		$	249		$	218		$	128		$	118		$	204		$	841		$	1,320
Other International (3)	670			550			474			407			382			395			377			438
Total Corporate Cash-Basis Loans (1)	$	821		$	799		$	692		$	535		$	500		$	599		$	1,218		$	1,758
Corporate Cash-Basis Loans as a % of
Total Corporate Loans (1)	0.57		%	0.51		%	0.42		%	0.32		%	0.29		%	0.31		%	0.60		%	0.95		%
Total Consumer Cash-Basis Loans (1)	$	3,752		$	3,857		$	4,189		$	4,512		$	4,578		$	5,160		$	6,137		$	7,210
Renegotiated Loans (includes Corporate and Commercial Business Loans)	$	30		$	23		$	23		$	22		$	26		$	27		$	56		$	118
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
Consumer	$	322		$	324		$	356		$	385		$	461		$	516		$	594		$	707
Markets & Banking	144			171			193			316			348			219			348			512
TOTAL OTHER REAL ESTATE OWNED (4)	$	466		$	495		$	549		$	701		$	809		$	735		$	942		$	1,219
OTHER REPOSSESSED ASSETS (5)	$	52		$	53		$	62		$	75		$	77		$	66		$	86		$	99

(1)	Excludes purchased distressed loans. The carrying value of these loans was: $1,217 million at March 31, 2006, $1,171 million at June 30, 2006, $1,089 million at September 30, 2006, $949 million at December 31, 2006, $957 million at March 31, 2007, $1,013 million at June 30, 2007, $1,188 at September 30, 2007 and $2,399 million at December 31, 2007.
(2)	JENA includes Japan, Western Europe and North America.
(3)	Other International includes Asia (excluding Japan), Mexico, Latin America, Central and Eastern Europe, the Middle East and Africa.
(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.

***  END OF FILE  ***

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