Exhibit 99.2
July 10, 2009
Given the new organizational structure announced in January 2009 and the reformatted Quarterly Financial Data Supplement, we have re-mapped historical revenue marks to match the new disclosure. This re-mapping document is intended to assist the historical analysis process.
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Revenue Marks ($, MM)
| | 3Q’07 | | 4Q’07 | | 1Q’08 | | 2Q’08 | | 3Q’08 | | 4Q’08 | | 1Q’09 | |
Write-downs on sub-prime related direct exposures(1) | | | | | | | | | | | | | | | |
Special Asset Pool | | (1,831 | ) | (16,481 | ) | (5,912 | ) | (3,395 | ) | (394 | ) | (4,582 | ) | (2,296 | ) |
Total | | (1,831 | ) | (16,481 | ) | (5,912 | ) | (3,395 | ) | (394 | ) | (4,582 | ) | (2,296 | ) |
| | | | | | | | | | | | | | | |
Monoline Credit Value Adjustment (CVA) | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | (936 | ) | (1,491 | ) | (2,428 | ) | (920 | ) | (897 | ) | (1,090 | ) |
Total | | — | | (936 | ) | (1,491 | ) | (2,428 | ) | (920 | ) | (897 | ) | (1,090 | ) |
| | | | | | | | | | | | | | | |
Write-downs on highly lev’d finance commitments(2) | | | | | | | | | | | | | | | |
Special Asset Pool | | (1,352 | ) | (135 | ) | (3,078 | ) | (428 | ) | (792 | ) | (594 | ) | (247 | ) |
Total | | (1,352 | ) | (135 | ) | (3,078 | ) | (428 | ) | (792 | ) | (594 | ) | (247 | ) |
| | | | | | | | | | | | | | | |
Write-downs on Alt-A mortgages(3), (5) | | | | | | | | | | | | | | | |
Securities and Banking | | — | | — | | (216 | ) | (48 | ) | (221 | ) | (252 | ) | 13 | |
Special Asset Pool | | — | | — | | (799 | ) | (277 | ) | (932 | ) | (1,067 | ) | (503 | ) |
Total | | — | | — | | (1,015 | ) | (325 | ) | (1,153 | ) | (1,319 | ) | (490 | ) |
| | | | | | | | | | | | | | | |
Mark to market on ARS(4) | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | (1,457 | ) | 197 | | (166 | ) | (306 | ) | (23 | ) |
Total | | — | | — | | (1,457 | ) | 197 | | (166 | ) | (306 | ) | (23 | ) |
| | | | | | | | | | | | | | | |
Write-downs on CRE(5) | | | | | | | | | | | | | | | |
Securities and Banking | | — | | — | | (18 | ) | (65 | ) | 130 | | 223 | | 102 | |
Brokerage and Asset Management | | — | | — | | 31 | | (4 | ) | (64 | ) | (154 | ) | (155 | ) |
Special Asset Pool | | — | | — | | (586 | ) | (476 | ) | (585 | ) | (1,060 | ) | (232 | ) |
Total | | — | | — | | (573 | ) | (545 | ) | (519 | ) | (991 | ) | (285 | ) |
| | | | | | | | | | | | | | | |
Write-downs on SIVs | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | (212 | ) | 11 | | (2,004 | ) | (1,064 | ) | (47 | ) |
Total | | — | | — | | (212 | ) | 11 | | (2,004 | ) | (1,064 | ) | (47 | ) |
| | | | | | | | | | | | | | | |
CVA on Citi Liabilities at Fair Value Option | | | | | | | | | | | | | | | |
Securities and Banking | | 194 | | 512 | | 1,279 | | (228 | ) | 1,526 | | 1,748 | | 197 | |
Special Asset Pool | | — | | — | | — | | — | | — | | 233 | | (18 | ) |
Total | | 194 | | 512 | | 1,279 | | (228 | ) | 1,526 | | 1,981 | | 179 | |
| | | | | | | | | | | | | | | |
Derivatives CVA(6) | | | | | | | | | | | | | | | |
Securities and Banking | | (44 | ) | 134 | | (176 | ) | 55 | | 1,172 | | (4,363 | ) | 2,426 | |
Special Asset Pool | | 41 | | (78 | ) | (102 | ) | 52 | | (64 | ) | (945 | ) | 313 | |
Total | | (3 | ) | 56 | | (278 | ) | 107 | | 1,108 | | (5,308 | ) | 2,739 | |
| | | | | | | | | | | | | | | |
PE & Equity Inv.(6),(7) | | | | | | | | | | | | | | | |
Securities and Banking | | 28 | | 168 | | (64 | ) | (6 | ) | (50 | ) | (257 | ) | (62 | ) |
Brokerage and Asset Management | | 52 | | 46 | | 4 | | (18 | ) | (74 | ) | (330 | ) | (93 | ) |
Special Asset Pool | | 190 | | 360 | | (133 | ) | 201 | | (356 | ) | (1,490 | ) | (1,024 | ) |
Total | | 270 | | 574 | | (193 | ) | 177 | | (480 | ) | (2,077 | ) | (1,179 | ) |
| | | | | | | | | | | | | | | |
Gross Revenue Marks | | | | | | | | | | | | | | | |
Securities and Banking | | 178 | | 814 | | 805 | | (292 | ) | 2,557 | | (2,901 | ) | 2,676 | |
Brokerage and Asset Management | | 52 | | 46 | | 35 | | (22 | ) | (138 | ) | (484 | ) | (248 | ) |
Special Asset Pool | | (2,952 | ) | (17,270 | ) | (13,770 | ) | (6,543 | ) | (6,213 | ) | (11,772 | ) | (5,167 | ) |
Total | | (2,722 | ) | (16,410 | ) | (12,930 | ) | (6,857 | ) | (3,794 | ) | (15,157 | ) | (2,739 | ) |
| | | | | | | | | | | | | | | |
Non-credit Accretion(6) | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | — | | — | | — | | 190 | | 541 | |
Total | | — | | — | | — | | — | | — | | 190 | | 541 | |
| | | | | | | | | | | | | | | |
Net Revenue Marks | | | | | | | | | | | | | | | |
Securities and Banking | | 178 | | 814 | | 805 | | (292 | ) | 2,557 | | (2,901 | ) | 2,676 | |
Brokerage and Asset Management | | 52 | | 46 | | 35 | | (22 | ) | (138 | ) | (484 | ) | (248 | ) |
Special Asset Pool | | (2,952 | ) | (17,270 | ) | (13,770 | ) | (6,543 | ) | (6,213 | ) | (11,582 | ) | (4,626 | ) |
Total | | (2,722 | ) | (16,410 | ) | (12,930 | ) | (6,857 | ) | (3,794 | ) | (14,967 | ) | (2,198 | ) |
(1) | Net of impact from hedges against direct subprime ABS CDO super senior positions. |
(2) | Net of underwriting fees. |
(3) | Net of hedges. |
(4) | Excludes write-downs of $306 million in 3Q’08 and $87 million in 4Q’08 arising from the ARS legal settlement. |
(5) | Excludes positions in SIVs. |
(6) | Item not included in summary of marks prior to 1Q’09. |
(7) | PE & Equity Inv. revenue marks associated with Nikko Cordial Securities and Nikko Citi Holdings of (118) in 3Q’07, (37) in 4Q’07,(160) in 1Q’08, 73 in 2Q’08, 10 in 3Q’08, (404) in 4Q’08, and (61) in 1Q’09 were moved to Discontinued Operations. |
Re-formatted totals may not match historicals due to rounding. |
Reclassified to conform to the current period’s presentation. |
