CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2005
==============================================================================
This Report relates to the Due Period ending May 25, 2005 and the related
Payment Dates for the Notes.
<table>
<Caption>
A. Information Regarding the Master Trust portfolio
-------------------------------------------------
1. Portfolio Yield for the Collateral Certificate ......... 10.27%
Yield Component ................................... 16.25%
Credit Loss Component ............................. 5.98%
2. New Purchase Rate ..................................... 17.70%
3. Total Payment Rate .................................... 19.09%
4. Principal Payment Rate ................................ 18.23%
5. Aggregate Amount of Principal Receivables in the Trust :
Beginning of Due Period ............................ $ 75,919,511,960
Average ............................................ $ 75,042,943,549
Lump Sum Addition .................................. $ 0
End of Due Period .................................. $ 74,802,199,556
</table>
6. Delinquencies (Aggregate outstanding balances in the Accounts that
were delinquent by the time periods listed below as of the close of
business of the month preceding the Payment Dates, as a percentage
of aggregate Receivables as of the last day of the Due Period) :
<table>
<Caption>
Current .......................................... $ 72,980,158,357
5-34 days delinquent ........................... $ 2,725,001,937
35-64 days delinquent ........................... $ 838,293,671
65-94 days delinquent ........................... $ 548,910,199
95-124 days delinquent ........................... $ 450,847,618
125-154 days delinquent ........................... $ 382,781,014
155-184 days delinquent ........................... $ 321,542,296
Current ........................................... 93.27%
5-34 days delinquent ........................... 3.48%
35-64 days delinquent ........................... 1.07%
65-94 days delinquent ........................... 0.70%
95-124 days delinquent ........................... 0.58%
125-154 days delinquent ........................... 0.49%
155-184 days delinquent ........................... 0.41%
</table>
Page 4
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2005
==============================================================================
<table>
<Caption>
Current Due Current Due
Period on an Period on a
Actual Basis (1) Standard Basis (1)
B. Information Regarding the Collateral Certificate
-------------------------------------------------
(Percentage Basis)
1. Portfolio Yield 10.27% 10.27%
2. Weighted Average Note Rate 3.36% 3.30%
3. Weighted Average Investor Fee Rates
Fixed Servicing Fee 0.37% 0.37%
Others 0.01% 0.01%
4. Surplus Finance Charge Collections 6.53% 6.59%
5. Surplus Finance Charge Collections For
Purposes of Funding Class C Reserve Account 6.22% 6.28%
6. Required Surplus Finance Charge Amount 0.00% 0.00%
7. Aggregate Surplus Finance Charge Amount 6.53% 6.59%
minus Required Surplus Finance Charge Amount
</table>
<table>
<Caption>
C. Information Regarding the Collateral Certificate
-------------------------------------------------
(Dollars Basis)
1. Total Investor Collections $12,034,999,668 $12,034,895,501
Principal Collections $11,242,554,283 $11,242,554,283
Finance Charge Collections $ 792,445,385 $ 792,341,218
2. Investor Default Amount $ 292,863,310 $ 292,863,310
3. Investor Monthly Interest $ 167,454,447 $ 164,585,708
4. Investor Monthly Fees
Fixed Servicing Fees $ 18,984,674 $ 19,010,369
Others $ 325,585 $ 325,585
5. Surplus Finance Charge Collections $ 312,817,369 $ 315,556,246
6. Required Surplus Finance Charge Collections $ 0 $ 0
7. Aggregate Surplus Finance Charge Amount $ 312,817,369 $ 315,556,246
minus Required Surplus Finance Charge Amount
</table>
(1) Values for "Current Due Period on an Actual Basis" reflect,
in the case of a first due period close of a tranche of Notes,
activity from the close date until the first due period end,
or, as in the case of Investor Monthly Interest and certain
fees, until the first Monthly Interest Date. Values for
"Current Due Period on a Standard Basis" reflect activity for
the entire current period, as if all Notes had already been
outstanding prior to the first day of such period.
All percents are based on actual cash revenue or expense for
the period, converted to an annualized percent using day count
appropriate for the item, either 30/360, actual/360, or actual/actual.
Depending on the item, cash expenses may accrue
from April 27, 2005 to May 25, 2005 , 29 days, or
May 9 , 2005 to June 6 , 2005 , 29 days (standard basis).
Page 5
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2005
==============================================================================
<table>
<Caption>
D. Information Regarding Regarding Notes of Citiseries
----------------------------------------------------
(Aggregate Basis)
1a. Class A Outstanding Dollar Principal Amount ............ $54,440,249,918
For all Classes except Class 2001-A3 (Dakota) ............ $39,440,249,918
For Class 2001-A3 (Dakota) ............................... $15,000,000,000
1b. Class B Outstanding Dollar Principal Amount ............ $ 2,640,000,000
1c. Class C Outstanding Dollar Principal Amount ............ $ 4,575,000,000
2a. Targeted Deposit to Class A Interest Funding Account ..... $ 140,475,323
2b. Targeted Deposit to Class B Interest Funding Account ..... $ 7,609,004
2c. Targeted Deposit to Class C Interest Funding Account ..... $ 19,370,119
3a. Balance in the Class A Interest Funding Account ......... $ 279,060,003
3b Balance in the Class B Interest Funding Account ......... $ 18,532,268
3c Balance in the Class C Interest Funding Account ......... $ 46,994,235
4a. Targeted Deposit to Class A Principal Funding Account .... $ 0
4b. Targeted Deposit to Class B Principal Funding Account .... $ 0
4c. Targeted Deposit to Class C Principal Funding Account .... $ 0
5a. Balance in the Class A Principal Funding Account ........ $ 0
5b. Balance in the Class B Principal Funding Account ........ $ 0
5c. Balance in the Class C Principal Funding Account ........ $ 0
6. Targeted Deposit to Class C Reserve Account ............. $ 0
7. Balance in the Class C Reserve Account .................. $ 0
</table>
<table>
<Caption>
Data Applicable to all Classes Except 2001-A3 (Dakota)
-------------------------------------------------------
8a. Maximum enhancement amount available to
Outstanding Class A Notes from Class B Notes ............ $ 2,359,674,656
8b. As a Percentage of Class A Outstanding
Dollar Principal Amount ................................. 5.98291%
8c. Maximum enhancement amount available to
Outstanding Class A Notes from Class C Notes ............ $ 3,146,231,560
8d. As a Percentage of Class A Outstanding
Dollar Principal Amount ................................. 7.97721%
8e. Maximum enhancement amount available to
Outstanding Class B Notes from Class C Notes ............ $ 3,519,999,912
8f. As a Percentage of Class B Outstanding
Dollar Principal Amount ................................. 133.33333%
</table>
<table>
<Caption>
Data Applicable only to Class 2001-A3 (Dakota) (1)
-------------------------------------------------------
9a. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class C Notes ......... $ 1,042,780,500
9b. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 6.95187%
9c. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class B Notes ......... $ 0
9d. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 0.00000%
</table>
- -----------------------------------------------------------------------------
(1) All conditions precedent were satisfied for the issuance of new tranches of
Dakota CP Notes during Due Period ending May 25, 2005, including the condition
that the weighted average remaining life to Expected Principal Payment Date of
all Dakota CP Notes be 60 days or less.
Page 6
CITIBANK (SOUTH DAKOTA), NATIONAL
ASSOCIATION CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For
the Due Period Ending May 25, 2005
==============================================================================
<table>
<Caption>
Data Applicable to all Classes
-------------------------------
10a. Reduction in the Class A Nominal Liquidation
Amount resulting from an allocation
of Investor Charge-Offs ................................ $ 0
10b. Reduction in the Class B Nominal Liquidation
Amount resulting from an allocation of Investor
Charge-Offs or a reallocation of Principal
Collections to pay interest on Class A Notes ........... $ 0
10c. Reduction in the Class C Nominal Liquidation
Amount resulting from an allocation of Investor
Charge-Offs or a reallocation of Principal
Collections to pay interest on Class A or Class B Notes . $ 0
11a. Reimbursement of Class A Nominal Liquidation Amount .... $ 0
11b. Reimbursement of Class B Nominal Liquidation Amount .... $ 0
11c. Reimbursement of Class C Nominal Liquidation Amount .... $ 0
</table>
<table>
<Caption>
E. Information Regarding Distributions to Noteholders of Citiseries
-----------------------------------------------------------------
(Aggregate Basis)
1a. The total amount of the distribution to Class A Noteholders
on the applicable Payment Dates ......................... $ 98,538,350
1b. The total amount of the distribution to Class B Noteholders
on the applicable Payment Dates ......................... $ 12,552,617
1c. The total amount of the distribution to Class C Noteholders
on the applicable Payment Dates ......................... $ 14,320,053
2a. The amount of the distribution set forth in item 1(a) above
in respect of principal on the Class A Notes ........ $ 0
2b. The amount of the distribution set forth in item 1(b) above
in respect of principal on the Class B Notes ........ $ 0
2c. The amount of the distribution set forth in item 1(c) above
in respect of principal on the Class C Notes ........ $ 0
3a. The amount of the distribution set forth in item 1(a) above
in respect of interest on the Class A Notes ........ $ 98,538,350
3b. The amount of the distribution set forth in item 1(b) above
in respect of interest on the Class B Notes ........ $ 12,552,617
3c. The amount of the distribution set forth in item 1(c) above
in respect of interest on the Class C Notes ........ $ 14,320,053
4a. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class A Notes exceeds
the Class A Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
4b. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class B Notes exceeds
the Class B Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
4c. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class C Notes exceeds
the Class C Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
</table>
Page 7
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2005
==============================================================================
<table>
<Caption>
F. Information Regarding Notes of Citiseries (2)
----------------------------------------------
(Individual Tranche Basis)
1. Outstanding Dollar Principal Amount, Interest Payments and Deposits to
Interest Funding Sub-Accounts
Class/ Outstanding Monthly Targeted Actual Cumulative Interest Interest
Tranche Dollar Accretion Interest Interest Shortfall Funding Payment
Principal Monthly Monthly In Interest Sub-Account On Payment
Amount Deposit Deposit Funding Balance Date
Sub-Account
- ------------- --------------- ----------- ----------- ----------- ----------- ----------- ------------
Class 2000-A1 1,500,000,000 0 4,109,875 4,109,875 0 8,180,756 0
Class 2000-A3 1,000,000,000 0 2,778,250 2,778,250 0 2,778,250 0
Class 2000-B1 350,000,000 0 1,005,725 1,005,725 0 2,958,770 0
Class 2000-B2 150,000,000 0 423,829 423,829 0 861,785 0
Class 2000-C1 600,000,000 0 3,725,000 3,725,000 0 11,175,000 0
Class 2000-C2 200,000,000 0 631,772 631,772 0 1,284,602 0
Class 2001-A1 1,500,000,000 0 4,106,521 4,106,521 0 4,106,521 0
Class 2001-A2 2,250,000,000 0 6,069,156 6,069,156 0 6,069,156 0
Class 2001-A3 15,000,000,000 0 31,697,408 31,697,408 0 0 31,697,408
Class 2001-A4 1,108,750,000 0 3,209,225 3,209,225 0 6,211,402 0
Class 2001-A6 1,250,000,000 0 3,400,833 3,400,833 0 0 18,292,877
Class 2001-A7 420,000,000 0 1,191,096 1,191,096 0 1,191,096 0
Class 2001-B1 350,000,000 0 1,061,850 1,061,850 0 2,159,096 0
Class 2001-B2 390,000,000 0 1,155,267 1,155,267 0 0 3,428,533
Class 2001-C1 500,000,000 0 1,758,596 1,758,596 0 3,575,812 0
Class 2001-C2 250,000,000 0 808,761 808,761 0 0 808,761
Class 2001-C3 500,000,000 0 2,770,833 2,770,833 0 2,770,833 0
Class 2001-C4 100,000,000 0 321,417 321,417 0 0 321,417
Class 2002-A1 1,000,000,000 0 2,576,811 2,576,811 0 9,799,459 0
Class2002-A10 1,000,000,000 0 2,876,111 2,876,111 0 0 2,876,111
Class 2002-A4 750,000,000 0 2,017,917 2,017,917 0 0 2,017,917
Class 2002-A5 1,250,000,000 0 3,177,083 3,177,083 0 0 9,743,056
Class 2002-A8 1,000,000,000 0 2,642,222 2,642,222 0 0 2,642,222
Class 2002-A9 1,000,000,000 0 2,541,667 2,541,667 0 0 7,794,444
Class 2002-B1 400,000,000 0 1,254,000 1,254,000 0 0 3,572,000
Class 2002-C1 400,000,000 0 1,359,294 1,359,294 0 1,359,294 0
Class 2002-C2 350,000,000 0 2,027,083 2,027,083 0 8,108,333 0
Class 2002-C3 275,000,000 0 951,042 951,042 0 0 2,916,528
Class 2003-A1 1,250,000,000 0 3,375,656 3,375,656 0 6,863,834 0
Class2003-A10 500,000,000 0 1,419,606 1,419,606 0 0 7,326,824
Class2003-A11 750,000,000 0 1,994,144 1,994,144 0 4,054,759 0
Class 2003-A2 1,500,000,000 0 3,935,625 3,935,625 0 17,583,094 0
Class 2003-A3 750,000,000 0 2,072,479 2,072,479 0 5,828,500 0
Class 2003-A4 1,250,000,000 0 3,358,333 3,358,333 0 0 9,858,333
Class 2003-A5 1,000,000,000 0 2,083,333 2,083,333 0 4,166,667 0
Class 2003-A6 1,250,000,000 0 3,475,188 3,475,188 0 3,475,188 0
Class 2003-A7 650,000,000 0 1,760,642 1,760,642 0 6,724,332 0
Class 2003-A8 750,000,000 0 1,979,375 1,979,375 0 7,357,005 0
Class 2003-A9 2,500,000,000 0 7,233,333 7,233,333 0 7,233,333 0
Class 2003-B1 500,000,000 0 1,309,028 1,309,028 0 0 4,152,778
Class 2003-C1 325,000,000 0 1,105,474 1,105,474 0 2,325,307 0
Class 2003-C2 150,000,000 0 523,125 523,125 0 0 1,535,625
Class 2003-C3 150,000,000 0 556,250 556,250 0 1,112,500 0
Class 2003-C4 300,000,000 0 1,250,000 1,250,000 0 0 7,500,000
Class 2004-A1 2,750,000,000 0 5,843,750 5,843,750 0 29,218,750 0
Class 2004-A2 1,480,000,000 0 4,364,284 4,364,284 0 4,364,284 0
Class 2004-A3 1,000,000,000 0 2,781,931 2,781,931 0 5,384,383 0
Class 2004-A4 1,750,000,000 0 4,677,616 4,677,616 0 16,995,164 0
Class 2004-A5 473,410,131 0 1,339,519 1,339,519 0 2,595,319 0
Class 2004-A6 394,508,442 0 1,132,888 1,132,888 0 2,194,970 0
Class 2004-A7 1,200,000,000 0 3,492,667 3,492,667 0 3,492,667 0
Class 2004-A8 750,000,000 0 2,091,402 2,091,402 0 9,140,694 0
Class 2004-B1 250,000,000 0 712,569 712,569 0 0 712,569
Class 2004-B2 250,000,000 0 686,736 686,736 0 0 686,736
Class 2004-C1 225,000,000 0 701,250 701,250 0 0 701,250
Class 2005-A1 338,581,344 0 965,716 965,716 0 965,716 0
Class 2005-A2 875,000,000 0 2,414,502 2,414,502 0 4,546,354 0
Class 2005-A3 1,250,000,000 0 6,289,158 6,289,158 0 0 6,289,158
Class 2005-C1 75,000,000 0 343,750 343,750 0 962,500 0
Class 2005-C2 175,000,000 0 536,472 536,472 0 0 536,472
</table>
<table>
<Caption>
2. Principal Payments and Deposits to Principal Funding Sub-Accounts
Class/Tranche Targeted Actual Cumulative Principal Principal
Principal Principal Shortfall in Funding Payment On
Monthly Monthly Principal Sub-Account Payment Date
Deposit Deposit Funding Balance
Sub-Account
- --------------- --------------- --------------- --------------- --------------- ---------------
Nothing to report for this period.
</table>
-----------------------------------------------------------------------------
(2) The information reported is for the Due Period ending and
giving effect to all deposits, allocations, reallocations and payments to
be made in the month after the end of this Due Period.
Page 8
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2005
==============================================================================
<table>
<Caption>
3. Deposits to and Withdrawals from Class C Reserve Sub-Accounts
-------------------------------------------------------------
Class/Tranche Targeted Actual Cumulative Withdrawals Class C
Deposit to Deposit to Shortfall in from Class C Reserve
Class C Class C Class C Reserve Sub-Account
Reserve Reserve Reserve Sub-Account Balance
Sub-Account Sub-Account Sub-Account
- --------------- --------------- --------------- --------------- --------------- ---------------
Nothing to report for this period.
</table>
<table>
<Caption>
4. Maximum Enhancement Amount Available to Class A Notes; Class A Usage of
Class B and Class C Subordinated Amounts
Class/Tranche Maximum Maximum Class A Class A Cumulative Cumulative
Enhancement Enhancement Usage of Usage of Class A Class A
Amount Amount Class B Class C Usage of Usage of
Available Available Subordinated Subordinated Class B Class C
from Class from Class Amount for Amount for Subordinated Subordinated
B Notes C Notes this Due this Due Amount Amount
Period Period
- --------------- ------------- ------------- ------------- ------------- ------------- --------------
Class 2000-A1 89,743,650 119,658,150
Class 2000-A3 59,829,100 79,772,100
Class 2001-A1 89,743,650 119,658,150
Class 2001-A2 134,615,475 179,487,225
Class 2001-A3 0 1,042,780,500
Class 2001-A4 66,335,515 88,447,316
Class 2001-A6 74,786,375 99,715,125
Class 2001-A7 25,128,222 33,504,282
Class 2002-A1 59,829,100 79,772,100
Class 2002-A10 59,829,100 79,772,100
Class 2002-A4 44,871,825 59,829,075
Class 2002-A5 74,786,375 99,715,125
Class 2002-A8 59,829,100 79,772,100
Class 2002-A9 59,829,100 79,772,100
Class 2003-A1 74,786,375 99,715,125
Class 2003-A10 29,914,550 39,886,050
Class 2003-A11 44,871,825 59,829,075
Class 2003-A2 89,743,650 119,658,150
Class 2003-A3 44,871,825 59,829,075
Class 2003-A4 74,786,375 99,715,125
Class 2003-A5 59,829,100 79,772,100
Class 2003-A6 74,786,375 99,715,125
Class 2003-A7 38,888,915 51,851,865
Class 2003-A8 44,871,825 59,829,075
Class 2003-A9 149,572,750 199,430,250
Class 2004-A1 164,530,025 219,373,275
Class 2004-A2 88,547,068 118,062,708
Class 2004-A3 59,829,100 79,772,100
Class 2004-A4 104,700,925 139,601,175
Class 2004-A5 28,323,702 37,764,920
Class 2004-A6 23,603,085 31,470,767
Class 2004-A7 71,794,920 95,726,520
Class 2004-A8 44,871,825 59,829,075
Class 2005-A1 20,257,017 27,009,345
Class 2005-A2 52,350,462 69,800,587
Class 2005-A3 74,786,375 99,715,125
</table>
Page 9
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2005
==============================================================================
<table>
<Caption>
5. Maximum Enhancement Amount Available to Class B Notes; Class B Usage of
Class C Subordinated Amounts
Class/Tranche Maximum Enhancement Class B Usage of Cumulative Class B
Amount Available from Class C Subordinated Usage of Class C
Class C Notes Amount for this Due Subordinated Amount
Period
- --------------- ------------------------ ------------------------ ------------------------
Class 2000-B1 466,666,654
Class 2000-B2 199,999,995
Class 2001-B1 466,666,654
Class 2001-B2 519,999,986
Class 2002-B1 533,333,319
Class 2003-B1 666,666,649
Class 2004-B1 333,333,325
Class 2004-B2 333,333,325
</table>
<table>
<Caption>
6. Reductions of and Reimbursements to Nominal Liquidation Amount
Class/Tranche Reduction Reduction Cumulative Cumulative Reimbursements
Resulting from Resulting from Reduction Reduction of prior
an Allocation from a Resulting from Resulting from reductions of
of Investor Reallocation an Allocation an Reallocation Nominal
Charge-offs of Principal of Investor of Principal Liquidation
for this Due Collections Charge-offs Collections to Amount for
Period to pay (net of pay interest on this Due
interest on Reimbursements) senior classes Period
senior of Notes (net of
classes of Reimbursements)
Notes for
this Due
Period
- --------------- ---------------- ---------------- ---------------- ---------------- ----------------
Nothing to report for this period.
</table>
Page 10
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Report this __________ day of June, 2005.
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION,
As Managing Beneficiary of Citibank Credit
Card Issuance Trust
and
As Servicer of Citibank Credit Card
Master Trust I
By: /s/ Andrew Lubliner
____________________________________
Name: Andrew Lubliner
Title: Authorized Representative
Page 11