EXHIBIT 12.02
CITIGROUP INC.
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
(In Millions)
YEAR ENDED DECEMBER 31, THREE MONTHS
MARCH 31,
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 4,019 3,202
INTEREST FACTOR IN RENT EXPENSE 301 282 275 302 252 70 70
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TOTAL FIXED CHARGES 15,212 12,644 13,763 13,834 13,397 4,089 3,272
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INCOME:
INCOME BEFORE TAXES & MINORITY INTEREST 10,750 11,087 8,914 5,656 5,911 3,468 2,958
OTHER -- 1 -- -- (126) -- --
FIXED CHARGES 15,212 12,644 13,763 13,834 13,397 4,089 3,272
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TOTAL INCOME 25,962 23,732 22,677 19,490 19,182 7,557 6,230
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RATIO OF INCOME TO FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 1.71 1.88 1.65 1.41 1.43 1.85 1.90
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INCLUDING INTEREST ON DEPOSITS:
FIXED CHARGES:
INTEREST EXPENSE 24,524 21,336 22,390 22,528 22,942 6,641 5,431
INTEREST FACTOR IN RENT EXPENSE 301 282 275 302 252 70 70
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TOTAL FIXED CHARGES 24,825 21,618 22,665 22,830 23,194 6,711 5,501
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INCOME:
INCOME BEFORE TAXES & MINORITY INTEREST 10,750 11,087 8,914 5,656 5,911 3,468 2,958
OTHER -- 1 -- -- (126) -- --
FIXED CHARGES 24,825 21,618 22,665 22,830 23,194 6,711 5,501
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TOTAL INCOME 35,575 32,706 31,579 28,486 28,979 10,179 8,459
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RATIO OF INCOME TO FIXED CHARGES
INCLUDING INTEREST ON DEPOSITS 1.43 1.51 1.39 1.25 1.25 1.52 1.54
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CITIGROUP INC.
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
INCLUDING PREFERRED STOCK DIVIDENDS
(In Millions)
YEAR ENDED DECEMBER 31, THREE MONTHS
MARCH 31,
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 4,019 3,202
INTEREST FACTOR IN RENT EXPENSE 301 282 275 302 252 70 70
DIVIDENDS--PREFERRED STOCK 433 505 800 704 589 93 117
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TOTAL FIXED CHARGES 15,645 13,149 14,563 14,538 13,986 4,182 3,389
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INCOME:
INCOME BEFORE TAXES & MINORITY INTEREST 10,750 11,087 8,914 5,656 5,911 3,468 2,958
OTHER -- 1 -- -- (126) -- --
FIXED CHARGES (EXCLUDING PREFERRED
STOCK DIVIDENDS) 15,212 12,644 13,763 13,834 13,397 4,089 3,272
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TOTAL INCOME 25,962 23,732 22,677 19,490 19,182 7,557 6,230
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RATIO OF INCOME TO FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 1.66 1.80 1.56 1.34 1.37 1.81 1.84
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INCLUDING INTEREST ON DEPOSITS:
FIXED CHARGES:
INTEREST EXPENSE 24,524 21,336 22,390 22,528 22,942 6,641 5,431
INTEREST FACTOR IN RENT EXPENSE 301 282 275 302 252 70 70
DIVIDENDS--PREFERRED STOCK 433 505 800 704 589 93 117
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TOTAL FIXED CHARGES 25,258 22,123 23,465 23,534 23,783 6,804 5,618
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INCOME:
INCOME BEFORE TAXES & MINORITY INTEREST 10,750 11,087 8,914 5,656 5,911 3,468 2,958
OTHER -- 1 -- -- (126) -- --
FIXED CHARGES (EXCLUDING PREFERRED
STOCK DIVIDENDS) 24,825 21,618 22,665 22,830 23,194 6,711 5,501
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TOTAL INCOME 35,575 32,706 31,579 28,486 28,979 10,179 8,459
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RATIO OF INCOME TO FIXED CHARGES
INCLUDING INTEREST ON DEPOSITS 1.41 1.48 1.35 1.21 1.22 1.50 1.51
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