CITIGROUP INC.
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
(In Millions)
YEAR ENDED DECEMBER 31, NINE MONTHS
SEPTEMBER 30,
EXCLUDING INTEREST ON DEPOSITS: 1997 1996 1995 1994 1993 1998 1997
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FIXED CHARGES:
INTEREST EXPENSE (OTHER THAN
INTEREST ON DEPOSITS) 14,911 12,362 13,488 13,532 13,145 12,425 10,811
INTEREST FACTOR IN RENT EXPENSE 301 282 275 302 252 222 207
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TOTAL FIXED CHARGES 15,212 12,644 13,763 13,834 13,397 12,647 11,018
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INCOME:
INCOME BEFORE TAXES & MINORITY INTEREST 10,750 11,087 8,914 5,656 5,911 8,207 8,540
OTHER -- 1 -- -- (126) -- --
FIXED CHARGES 15,212 12,644 13,763 13,834 13,397 12,647 11,018
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TOTAL INCOME 25,962 23,732 22,677 19,490 19,182 20,854 19,558
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RATIO OF INCOME TO FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 1.71 1.88 1.65 1.41 1.43 1.65 1.78
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INCLUDING INTEREST ON DEPOSITS:
FIXED CHARGES:
INTEREST EXPENSE 24,524 21,336 22,390 22,528 22,942 20,810 17,900
INTEREST FACTOR IN RENT EXPENSE 301 282 275 302 252 222 207
--------- --------- --------- --------- --------- --------- ---------
TOTAL FIXED CHARGES 24,825 21,618 22,665 22,830 23,194 21,032 18,107
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INCOME:
INCOME BEFORE TAXES & MINORITY INTEREST 10,750 11,087 8,914 5,656 5,911 8,207 8,540
OTHER -- 1 -- -- (126) -- --
FIXED CHARGES 24,825 21,618 22,665 22,830 23,194 21,032 18,107
--------- --------- --------- --------- --------- --------- ---------
TOTAL INCOME 35,575 32,706 31,579 28,486 28,979 29,239 26,647
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RATIO OF INCOME TO FIXED CHARGES
INCLUDING INTEREST ON DEPOSITS 1.43 1.51 1.39 1.25 1.25 1.39 1.47
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CITIGROUP INC.
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
INCLUDING PREFERRED STOCK DIVIDENDS
(In Millions) YEAR ENDED DECEMBER 31, NINE MONTHS
SEPTEMBER 30,
EXCLUDING INTEREST ON DEPOSITS: 1997 1996 1995 1994 1993 1998 1997
--------- --------- --------- --------- --------- --------- ---------
FIXED CHARGES:
INTEREST EXPENSE (OTHER THAN
INTEREST ON DEPOSITS) 14,911 12,362 13,488 13,532 13,145 12,425 10,811
INTEREST FACTOR IN RENT EXPENSE 301 282 275 302 252 222 207
DIVIDENDS--PREFERRED STOCK 433 505 800 704 589 265 333
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TOTAL FIXED CHARGES 15,645 13,149 14,563 14,538 13,986 12,912 11,351
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INCOME:
INCOME BEFORE TAXES & MINORITY INTEREST 10,750 11,087 8,914 5,656 5,911 8,207 8,540
OTHER -- 1 -- -- (126) -- --
FIXED CHARGES (EXCLUDING PREFERRED
STOCK DIVIDENDS) 15,212 12,644 13,763 13,834 13,397 12,647 11,018
--------- --------- --------- --------- --------- --------- ---------
TOTAL INCOME 25,962 23,732 22,677 19,490 19,182 20,854 19,558
========= ========= ========= ========= ========= ========= =========
RATIO OF INCOME TO FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 1.66 1.80 1.56 1.34 1.37 1.62 1.72
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INCLUDING INTEREST ON DEPOSITS:
FIXED CHARGES:
INTEREST EXPENSE 24,524 21,336 22,390 22,528 22,942 20,810 17,900
INTEREST FACTOR IN RENT EXPENSE 301 282 275 302 252 222 207
DIVIDENDS--PREFERRED STOCK 433 505 800 704 589 265 333
--------- --------- --------- --------- --------- --------- ---------
TOTAL FIXED CHARGES 25,258 22,123 23,465 23,534 23,783 21,297 18,440
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INCOME:
INCOME BEFORE TAXES & MINORITY INTEREST 10,750 11,087 8,914 5,656 5,911 8,207 8,540
OTHER -- 1 -- -- (126) -- --
FIXED CHARGES (EXCLUDING PREFERRED
STOCK DIVIDENDS) 24,825 21,618 22,665 22,830 23,194 21,032 18,107
--------- --------- --------- --------- --------- --------- ---------
TOTAL INCOME 35,575 32,706 31,579 28,486 28,979 29,239 26,647
========= ========= ========= ========= ========= ========= =========
RATIO OF INCOME TO FIXED CHARGES
INCLUDING INTEREST ON DEPOSITS 1.41 1.48 1.35 1.21 1.22 1.37 1.45
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