Citigroup (C) 10-K 2008 FY Annual report

Exhibit 99.01

Residual Value Obligation

Quarterly certificate for the quarter ended December 31, 2008

The information below is being disclosed pursuant to the Residual Value Obligation Agreement dated as of April 3, 2000 between Associates First Capital Corporation and the Chase Manhattan Bank, as Trustee. Terms used and not otherwise defined herein have the meaning assigned to them in the Residual Value Agreement.

Securitization Distribution Dates during quarter:	October 15, 2008	November 17, 2008		December 15, 2008
Allocation Dates during quarter:	October 16, 2008	November 18, 2008		December 16, 2008
Payment Date during quarter:				NA
AFCC Amount at beginning of quarter:			$	978,255,479
AFCC Amount at end of quarter:			$	1,015,176,514
On the Payment Date during the quarter:
Accrued RVO Payment Amount as of the immediately preceding Allocation Date:			$	—
Interest accrued on Accrued RVO Payment Amount since immediately preceding Allocation Date:			$	—
Accrued RVO Payment Amount as of such Payment Date:			$	—
Number of RVO’s outstanding as of the applicable record date				N/A
Payment per RVO:			$	—
As of the first Allocation Date during the quarter:
Residual Cash Flow:
Residual Cash Flow Allocated for current period			$	98,916
(includes $36,394.51 of sales proceeds from previously charged off loans)
Cumulative Residual Cash Flow not covered by allocation (to be carried forward)			$	—
Excess Litigation Reserve allocated:			$	—
RVO Expenses:
Residual Cash Flow allocated to RVO Expenses:			$	(0	)
Cumulative RVO Expenses not covered by allocation (to be carried forward):			$	(0	)
Litigation Expenses:
Residual Cash Flow allocated to Litigation Expenses:			$	—
Cumulative Litigation Expenses not covered by allocation (to be carried forward):			$	—

AFCC Amount:
AFCC Amount at end of immediately preceding Allocation Date:	$	978,255,479
plus: AFCC Interest added on immediately preceding Securitization Distribution Date:	$	12,228,193
less: Residual Cash Flow allocated to AFCC Amount:	$	(98,916	)
AFCC Amount after allocation:	$	990,384,756
Accrued RVO Payment Amount:
Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date:	$	—
plus: cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made:	$	—
Accrued RVO Payment Amount on such Allocation Date:	$	—
As of the second Allocation Date during the quarter:
Residual Cash Flow:
Residual Cash Flow allocated for current period	$	87,235
Cumulative Residual Cash Flow not covered by allocation (to be carried forward)	$	—
Excess Litigation Reserve allocated:	$	—
RVO Expenses:
Residual Cash Flow allocated to RVO Expenses:	$	(0	)
Cumulative RVO Expenses not covered by allocation (to be carried forward):	$	(0	)
Litigation Expenses:
Residual Cash Flow allocated to Litigation Expenses:	$	—
Cumulative Litigation Expenses not covered by allocation (to be carried forward):	$	—
AFCC Amount:
AFCC Amount at end of immediately preceding Allocation Date:	$	990,384,756
plus: AFCC Interest added on immediately preceding Securitization Distribution Date:	$	12,379,809
less: Residual Cash Flow allocated to AFCC Amount:	$	(87,235	)
AFCC Amount after allocation:	$	1,002,677,330
Accrued RVO Payment Amount:
Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date:	$	—
plus: cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made:	$	—
Accrued RVO Payment Amount on such Allocation Date:	$	—

As of the third Allocation Date during the quarter:
Residual Cash Flow:
Residual Cash Flow allocated for current period	$	34,283
Cumulative Residual Cash Flow not covered by allocation (to be carried forward)	$	—
Excess Litigation Reserve allocated:	$	—
RVO Expenses:
Residual Cash Flow allocated to RVO Expenses:	$	(0	)
Cumulative RVO Expenses not covered by allocation (to be carried forward):	$	(0	)
Litigation Expenses:
Residual Cash Flow allocated to Litigation Expenses:	$	—
Cumulative Litigation Expenses not covered by allocation (to be carried forward):	$	—
AFCC Amount:
AFCC Amount at end of immediately preceding Allocation Date:	$	1,002,677,330
plus: AFCC Interest added on immediately preceding Securitization Distribution Date:	$	12,533,467
less: Residual Cash Flow allocated to AFCC Amount:	$	(34,283	)
AFCC Amount after allocation:	$	1,015,176,514
Accrued RVO Payment Amount:
Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date:	$	—
plus: cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made:	$	—
Accrued RVO Payment Amount on such Allocation Date:	$	—