CITIGROUP, INC.
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
(In Millions)



                                                                               YEAR ENDED DECEMBER 31,                 Six Months
                                                                                                                        June 30,
EXCLUDING INTEREST ON DEPOSITS:                                    1999      1998      1997      1996      1995      2000      1999
                                                                  ------    ------    ------    ------    ------    ------    ------
                                                                                                          

FIXED CHARGES:
     INTEREST EXPENSE (OTHER THAN
        INTEREST ON DEPOSITS)                                     13,894    15,849    14,911    12,362    13,488     8,509     7,020
     INTEREST FACTOR IN RENT EXPENSE                                 262       394       301       282       275       171       162
                                                                  ------    ------    ------    ------    ------    ------    ------

        TOTAL FIXED CHARGES                                       14,156    16,243    15,212    12,644    13,763     8,680     7,182
                                                                  ------    ------    ------    ------    ------    ------    ------

INCOME:
     INCOME BEFORE TAXES, MINORITY INTEREST
     AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES                  15,948     9,269    10,750    11,087     8,914    10,300     7,887
     OTHER                                                             -         -         -         1         -         -         -
     FIXED CHARGES                                                14,156    16,243    15,212    12,644    13,763     8,680     7,182
                                                                  ------    ------    ------    ------    ------    ------    ------

        TOTAL INCOME                                              30,104    25,512    25,962    23,732    22,677    18,980    15,069
                                                                  ======    ======    ======    ======    ======    ======    ======

RATIO OF INCOME TO FIXED CHARGES
     EXCLUDING INTEREST ON DEPOSITS                                 2.13      1.57      1.71      1.88      1.65      2.19      2.10
                                                                  ======    ======    ======    ======    ======    ======    ======

INCLUDING INTEREST ON DEPOSITS:

FIXED CHARGES:
     INTEREST EXPENSE                                             24,768    27,495    24,524    21,336    22,390    14,515    12,507
     INTEREST FACTOR IN RENT EXPENSE                                 262       394       301       282       275       171       162
                                                                  ------    ------    ------    ------    ------    ------    ------

        TOTAL FIXED CHARGES                                       25,030    27,889    24,825    21,618    22,665    14,686    12,669
                                                                  ------    ------    ------    ------    ------    ------    ------

INCOME:
     INCOME BEFORE TAXES, MINORITY INTEREST
     AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES                  15,948     9,269    10,750    11,087     8,914    10,300     7,887
     OTHER                                                             -         -         -         1         -         -         -
     FIXED CHARGES                                                25,030    27,889    24,825    21,618    22,665    14,686    12,669
                                                                  ------    ------    ------    ------    ------    ------    ------

        TOTAL INCOME                                              40,978    37,158    35,575    32,706    31,579    24,986    20,556
                                                                  ======    ======    ======    ======    ======    ======    ======

RATIO OF INCOME TO FIXED CHARGES
     INCLUDING INTEREST ON DEPOSITS                                 1.64      1.33      1.43      1.51      1.39      1.70      1.62
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