CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

file	filename
8-K - 8-K - CITIGROUP INC	a15-9209_18k.htm
EX-99.1 - EX-99.1 - CITIGROUP INC	a15-9209_1ex99d1.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

1Q15

	Page
Citigroup Consolidated
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Segment Detail
Net Revenues	4
Income	5
Citicorp
Income Statement and Balance Sheet Data	6
Global Consumer Banking (GCB)	7 - 8
North America	9 - 11
Latin America	12 - 13
Asia (1)	14 - 15
Institutional Clients Group (ICG)	16
Revenues by Business	17

Corporate / Other	18

Regional Totals
North America	19
EMEA	20
Latin America	21
Asia	22

Citi Holdings
Income Statement and Balance Sheet Data	23
Consumer Key Indicators	24 - 25

Citigroup Supplemental Detail
Average Balances and Interest Rates	26
Deposits	27
Loans
Citicorp	28
Citi Holdings / Total Citigroup	29
Consumer Loan Delinquency Amounts and Ratios
90+ Days	30
30-89 Days	31
Allowance for Credit Losses
Total Citigroup	32
Consumer and Corporate	33 - 34
Components of Provision for Loan Losses
Citicorp	35
Citi Holdings / Total Citigroup	36
Non-Accrual Assets
Total Citigroup	37
Citicorp	38
Citi Holdings	39

Reconciliation of Non-GAAP Financial Measures	40

(1) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

CITIGROUP — FINANCIAL SUMMARY

(In millions of dollars, except per share amounts, and as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Total Revenues, Net of Interest Expense	$	20,206		$	19,425		$	19,689		$	17,899		$	19,736		10	%	(2	)%
Total Operating Expenses	12,149			15,521			12,955			14,426			10,884			(25	)%	(10	)%
Net Credit Losses (NCLs)	2,439			2,189			2,097			2,248			1,957			(13	)%	(20	)%
Credit Reserve Build / (Release)	(646		)	(610		)	(522		)	(367		)	(202		)	45	%	69	%
Provision for Unfunded Lending Commitments	(27		)	(31		)	(30		)	(74		)	(37		)	50	%	(37	)%
Provision for Benefits and Claims	208			182			205			206			197			(4	)%	(5	)%
Provisions for Credit Losses and for Benefits and Claims	1,974			1,730			1,750			2,013			1,915			(5	)%	(3	)%
Income from Continuing Operations before Income Taxes	6,083			2,174			4,984			1,460			6,937			NM		14	%
Income Taxes (benefits)	2,131			1,921			2,068			1,077			2,120			97	%	(1	)%
Income from Continuing Operations	$	3,952		$	253		$	2,916		$	383		$	4,817		NM		22	%
Income (Loss) from Discontinued Operations, net of Taxes	37			(22		)	(16		)	(1		)	(5		)	NM		NM
Net Income before Noncontrolling Interests	3,989			231			2,900			382			4,812			NM		21	%
Net Income Attributable to Noncontrolling Interests	45			50			59			38			42			11	%	(7	)%
Citigroup’s Net Income	$	3,944		$	181		$	2,841		$	344		$	4,770		NM		21	%

Diluted Earnings Per Share:
Income from Continuing Operations	$	1.22		$	0.03		$	0.88		$	0.06		$	1.51		NM		24	%
Citigroup’s Net Income	$	1.23		$	0.03		$	0.88		$	0.06		$	1.51		NM		23	%
Shares (in millions):
Average Basic	3,037.4			3,033.8			3,029.5			3,025.6			3,034.2			—		—
Average Diluted	3,043.3			3,038.3			3,034.8			3,031.5			3,039.3			—		—
Common Shares Outstanding, at period end	3,037.8			3,031.8			3,029.5			3,023.9			3,034.1			—		—

Preferred Dividends - Basic	$	124		$	100		$	128		$	159		$	128		(19	)%	3	%
Preferred Dividends - Diluted	$	124		$	100		$	128		$	159		$	128		(19	)%	3	%

Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	3,721		$	102		$	2,684		$	183		$	4,585		NM		23	%
Citigroup’s Net Income	$	3,758		$	80		$	2,669		$	182		$	4,580		NM		22	%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	3,721		$	102		$	2,684		$	183		$	4,585		NM		23	%
Citigroup’s Net Income	$	3,758		$	80		$	2,669		$	182		$	4,580		NM		22	%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 Capital Ratio (1) (2)	10.45		%	10.57		%	10.64		%	10.57		%	11.0		%
Tier 1 Capital Ratio (1) (2)	11.11		%	11.35		%	11.41		%	11.45		%	12.0		%
Total Capital Ratio (1) (2)	12.52		%	12.70		%	12.76		%	12.80		%	13.3		%
Supplementary Leverage Ratio (2) (3)	5.70		%	5.82		%	5.98		%	5.94		%	6.4		%
Return on Average Assets	0.85		%	0.04		%	0.59		%	0.07		%	1.04		%
Efficiency Ratio	60		%	80		%	66		%	81		%	55		%
Return on Average Common Equity	7.8		%	0.2		%	5.3		%	0.4		%	9.4		%

Balance Sheet Data (in billions of dollars, except Book Value Per Share):
Total Assets	$	1,894.4		$	1,909.4		$	1,882.5		$	1,842.2		$	1,831.8		(1	)%	(3	)%
Total Average Assets	1,888.3			1,903.3			1,895.4			1,900.2			1,852.4			(3	)%	(2	)%
Total Deposits(4)	966.3			965.7			942.7			899.3			899.6			—		(7	)%
Citigroup’s Stockholders’ Equity	208.1			211.0			211.9			210.2			214.6			2	%	3	%
Book Value Per Share	$	66.13		$	66.64		$	66.99		$	66.05		$	66.79		1	%	1	%
Tangible Book Value Per Share(5)	$	56.29		$	56.78		$	57.41		$	56.71		$	57.66		2	%	2	%

Direct Staff (in thousands)	248			244			243			241			239			(1	)%	(4	)%

(1) Citigroup’s risk-based capital ratios, which reflect full implementation of the U.S. Basel III rules, are non-GAAP financial measures. These ratios are calculated under the Basel III Advanced Approaches framework. See page 40 for a reconciliation of Citi’s Common Equity Tier 1 Capital to reported results.

(2) March 31, 2015 ratios are preliminary.

(3) Citigroup’s Supplementary Leverage Ratio (SLR), which reflects full implementation of the U.S. Basel III rules, is a non-GAAP financial measure.

(4) At December 31, 2014 and March 31, 2015, approximately $20.6 billion of Deposits (and corresponding assets) were reclassified to held-for-sale within Other liabilities and Other assets, respectively, as a result of Citigroup’s entry into an agreement to sell its Japan retail banking business, which is now reported in Citi Holdings.

(5) Tangible book value per share is a non-GAAP financial measure. See page 40 for a reconciliation of Tangible book value to reported results.

Note: Ratios and performance metrics are calculated based on the displayed amounts.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14
Revenues
Interest revenue	$	15,350		$	15,561		$	15,512		$	15,260		$	14,600		(4	)%	(5	)%
Interest expense	3,591			3,615			3,325			3,159			3,028			(4	)%	(16	)%
Net interest revenue	11,759			11,946			12,187			12,101			11,572			(4	)%	(2	)%

Commissions and fees	3,184			3,441			3,280			3,127			3,170			1	%	—
Principal transactions	2,888			1,843			1,549			418			1,971			NM		(32	)%
Administrative and other fiduciary fees	1,009			1,029			1,029			946			962			2	%	(5	)%
Realized gains (losses) on investments	128			84			136			222			307			38	%	NM
Other-than-temporary impairment losses on investments and other assets	(201		)	(37		)	(91		)	(95		)	(72		)	24	%	64	%
Insurance premiums	545			538			530			497			497			—		(9	)%
Other revenue	894			581			1,069			683			1,329			95	%	49	%
Total non-interest revenues	8,447			7,479			7,502			5,798			8,164			41	%	(3	)%
Total revenues, net of interest expense	20,206			19,425			19,689			17,899			19,736			10	%	(2	)%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	2,439			2,189			2,097			2,248			1,957			(13	)%	(20	)%
Credit reserve build / (release)	(646		)	(610		)	(522		)	(367		)	(202		)	45	%	69	%
Provision for loan losses	1,793			1,579			1,575			1,881			1,755			(7	)%	(2	)%
Provison for Policyholder benefits and claims	208			182			205			206			197			(4	)%	(5	)%
Provision for unfunded lending commitments	(27		)	(31		)	(30		)	(74		)	(37		)	50	%	(37	)%
Total provisions for credit losses and for benefits and claims	1,974			1,730			1,750			2,013			1,915			(5	)%	(3	)%

Operating Expenses
Compensation and benefits	6,010			6,028			6,114			5,807			5,520			(5	)%	(8	)%
Premises and Equipment	805			819			804			750			709			(5	)%	(12	)%
Technology / communication expense	1,530			1,619			1,630			1,657			1,600			(3	)%	5	%
Advertising and marketing expense	458			460			442			484			392			(19	)%	(14	)%
Other operating	3,346			6,595			3,965			5,728			2,663			(54	)%	(20	)%
Total operating expenses	12,149			15,521			12,955			14,426			10,884			(25	)%	(10	)%

Income from Continuing Operations before Income Taxes	6,083			2,174			4,984			1,460			6,937			NM		14	%
Provision (benefits) for income taxes	2,131			1,921			2,068			1,077			2,120			97	%	(1	)%

Income from Continuing Operations	3,952			253			2,916			383			4,817			NM		22	%
Discontinued Operations
Income (Loss) from Discontinued Operations	40			(3		)	(25		)	(2		)	(8		)	NM		NM
Gain (Loss) on Sale	—			—			—			—			—			—		—
Provision (benefits) for income taxes	3			19			(9		)	(1		)	(3		)	NM		NM
Income (Loss) from Discontinued Operations, net of taxes	37			(22		)	(16		)	(1		)	(5		)	NM		NM

Net Income before Noncontrolling Interests	3,989			231			2,900			382			4,812			NM		21	%

Net Income attributable to noncontrolling interests	45			50			59			38			42			11	%	(7	)%
Citigroup’s Net Income	$	3,944		$	181		$	2,841		$	344		$	4,770		NM		21	%

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																1Q15 Increase
	March 31,			June 30,			September 30,			December 31,			March 31,			(Decrease) from
	2014			2014			2014			2014			2015 (1)			4Q14		1Q14
Assets
Cash and due from banks (including segregated cash and other deposits)	$	33,380		$	35,268		$	35,976		$	32,108		$	21,880		(32	)%	(34	)%
Deposits with banks	171,020			153,817			143,068			128,089			133,896			5	%	(22	)%
Fed funds sold and securities borr’d or purch under agree. to resell	263,398			250,353			245,462			242,570			239,015			(1	)%	(9	)%
Brokerage receivables	32,484			41,864			39,298			28,419			35,637			25	%	10	%
Trading account assets	278,180			290,776			290,822			296,786			302,983			2	%	9	%
Investments
Available-for-sale and non-marketable equity securities	302,300			303,293			309,009			309,522			303,561			(2	)%	—
Held-to-maturity	10,600			22,330			24,038			23,921			23,254			(3	)%	NM
Total Investments	312,900			325,623			333,047			333,443			326,815			(2	)%	4	%
Loans, net of unearned income
Consumer	384,661			384,345			376,318			369,970			341,706			(8	)%	(11	)%
Corporate	279,560			283,159			277,508			274,665			279,348			2	%	—
Loans, net of unearned income	664,221			667,504			653,826			644,635			621,054			(4	)%	(6	)%
Allowance for loan losses	(18,923		)	(17,890		)	(16,915		)	(15,994		)	(14,598		)	9	%	23	%
Total loans, net	645,298			649,614			636,911			628,641			606,456			(4	)%	(6	)%
Goodwill	25,008			25,087			24,500			23,592			23,150			(2	)%	(7	)%
Intangible assets (other than MSRs)	4,891			4,702			4,525			4,566			4,244			(7	)%	(13	)%
Mortgage servicing rights (MSRs)	2,586			2,282			2,093			1,845			1,685			(9	)%	(35	)%
Other assets (2)	125,245			129,983			126,803			122,122			136,040			11	%	9	%
Total assets	$	1,894,390		$	1,909,369		$	1,882,505		$	1,842,181		$	1,831,801		(1	)%	(3	)%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	135,632		$	130,653		$	128,243		$	128,958		$	136,568		6	%	1	%
Interest-bearing deposits in U.S. offices	280,549			289,035			285,604			284,978			275,423			(3	)%	(2	)%
Total U.S. Deposits	416,181			419,688			413,847			413,936			411,991			—		(1	)%
Non-interest-bearing deposits in offices outside the U.S.	69,263			73,991			71,228			70,925			71,653			1	%	3	%
Interest-bearing deposits in offices outside the U.S.	480,819			472,046			457,580			414,471			416,003			—		(13	)%
Total International Deposits	550,082			546,037			528,808			485,396			487,656			—		(11	)%

Total deposits (2)	966,263			965,725			942,655			899,332			899,647			—		(7	)%
Fed funds purch and securities loaned or sold under agree. to repurch.	190,676			183,912			175,732			173,438			175,371			1	%	(8	)%
Brokerage payables	59,407			62,323			59,428			52,180			58,252			12	%	(2	)%
Trading account liabilities	124,040			123,370			137,272			139,036			142,438			2	%	15	%
Short-term borrowings	58,903			59,534			64,838			58,335			39,405			(32	)%	(33	)%
Long-term debt	222,747			226,984			223,842			223,080			210,522			(6	)%	(5	)%
Other liabilities (2) (3)	62,458			74,768			65,191			85,084			90,143			6	%	44	%
Total liabilities	$	1,684,494		$	1,696,616		$	1,668,958		$	1,630,485		$	1,615,778		(1	)%	(4	)%

Equity
Stockholders’ equity
Preferred stock	$	7,218		$	8,968		$	8,968		$	10,468		$	11,968		14	%	66	%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	107,505			107,669			107,839			107,979			108,124			—		1	%
Retained earnings	114,745			115,015			117,697			117,852			122,463			4	%	7	%
Treasury stock	(2,237		)	(2,520		)	(2,631		)	(2,929		)	(3,275		)	(12	)%	(46	)%
Accumulated other comprehensive income (loss)	(19,146		)	(18,147		)	(19,976		)	(23,216		)	(24,691		)	(6	)%	(29	)%
Total common equity	$	200,898		$	202,048		$	202,960		$	199,717		$	202,652		1	%	1	%

Total Citigroup stockholders’ equity	$	208,116		$	211,016		$	211,928		$	210,185		$	214,620		2	%	3	%
Noncontrolling interests	1,780			1,737			1,619			1,511			1,403			(7	)%	(21	)%
Total equity	209,896			212,753			213,547			211,696			216,023			2	%	3	%
Total liabilities and equity	$	1,894,390		$	1,909,369		$	1,882,505		$	1,842,181		$	1,831,801		(1	)%	(3	)%

(1) Preliminary

(2) See footnote 4 on page 1.

(3) Includes allowance for credit losses for letters of credit and unfunded lending commitments. See page 32 for amounts by period.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITIGROUP

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

															1Q15 Increase
	1Q		2Q			3Q			4Q			1Q			(Decrease) from
	2014		2014			2014			2014			2015			4Q14		1Q14

CITICORP
Global Consumer Banking
North America	$	4,790	$	4,787		$	4,996		$	5,096		$	4,994		(2	)%	4	%
Latin America	2,083		2,136			2,172			2,069			1,835			(11	)%	(12	)%
Asia (1)	1,971		2,021			2,033			1,863			1,833			(2	)%	(7	)%
Total	8,844		8,944			9,201			9,028			8,662			(4	)%	(2	)%

Institutional Clients Group
North America	3,561		3,154			3,219			2,457			3,303			34	%	(7	)%
EMEA	2,771		2,430			2,252			2,038			2,763			36	%	—
Latin America	1,101		1,149			1,014			971			1,065			10	%	(3	)%
Asia	1,721		1,669			1,851			1,694			1,897			12	%	10	%
Total	9,154		8,402			8,336			7,160			9,028			26	%	(1	)%

Corporate / Other	223		89			82			(93		)	212			NM		(5	)%

Total Citicorp	18,221		17,435			17,619			16,095			17,902			11	%	(2	)%

Total Citi Holdings	1,985		1,990			2,070			1,804			1,834			2	%	(8	)%

Total Citigroup - Net Revenues	20,206		19,425			19,689			17,899			19,736			10	%	(2	)%

Credit valuation adjustments (CVA) on derivatives (counterparty and own-credit), net of hedges; funding valuation adjustments (FVA) on derivatives; and debt valuation adjustments (DVA) on Citigroup’s fair value option liabilities {collectively referred to as CVA/DVA} (2)	7		(33		)	(371		)	7			(73		)	NM		NM

Total Citigroup - Net Revenues - Excluding CVA/DVA (3)	$	20,199	$	19,458		$	20,060		$	17,892		$	19,809		11	%	(2	)%

(1) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Included, as applicable, in Citicorp-Institutional Clients Group and Citi Holdings lines above.

(3) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITIGROUP

SEGMENT DETAIL

INCOME

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14
Income from Continuing Operations:
CITICORP
Global Consumer Banking
North America	$	1,018		$	1,074		$	1,183		$	1,137		$	1,140		—		12	%
Latin America	291			275			329			263			244			(7	)%	(16	)%
Asia (1)	365			214			382			288			341			18	%	(7	)%
Total	1,674			1,563			1,894			1,688			1,725			2	%	3	%

Institutional Clients Group
North America	1,305			1,096			920			655			1,015			55	%	(22	)%
EMEA	792			570			477			223			857			NM		8	%
Latin America	340			427			294			273			413			51	%	21	%
Asia	511			473			652			526			679			29	%	33	%
Total	2,948			2,566			2,343			1,677			2,964			77	%	1	%

Corporate / Other	(388		)	(384		)	(1,537		)	(3,066		)	(19		)	99	%	95	%

Total Citicorp	4,234			3,745			2,700			299			4,670			NM		10	%

Total Citi Holdings	(282		)	(3,492		)	216			84			147			75	%	NM

Income From Continuing Operations	3,952			253			2,916			383			4,817			NM		22	%

Discontinued Operations	37			(22		)	(16		)	(1		)	(5		)	NM		NM

Net Income Attributable to Noncontrolling Interests	45			50			59			38			42			11	%	(7	)%

Citigroup’s Net Income	$	3,944		$	181		$	2,841		$	344		$	4,770		NM		21	%

CVA/DVA (after-tax) (2)	4			(20		)	(228		)	4			(47		)	NM		NM

Total Citigroup - Net Income - Excluding CVA/DVA (3)	$	3,940		$	201		$	3,069		$	340		$	4,817		NM		22	%

(1) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Included, as applicable, in Citicorp-Institutional Clients Group and Citi Holdings lines above.

(3) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

INCOME STATEMENT AND BALANCE SHEET DATA

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14
Revenues
Net interest revenue	$	10,583		$	10,709		$	11,068		$	11,042		$	10,517		(5	)%	(1	)%
Non-interest revenue	7,638			6,726			6,551			5,053			7,385			46	%	(3	)%
Total revenues, net of interest expense	18,221			17,435			17,619			16,095			17,902			11	%	(2	)%

Provisions for Credit Losses and for Benefits and Claims
Net credit losses	1,866			1,747			1,692			1,831			1,549			(15	)%	(17	)%
Credit reserve build / (release)	(300		)	(398		)	(387		)	(153		)	(6		)	96	%	98	%
Provision for loan losses	1,566			1,349			1,305			1,678			1,543			(8	)%	(1	)%
Provision for benefits and claims	41			26			38			39			28			(28	)%	(32	)%
Provision for unfunded lending commitments	(23		)	(28		)	(27		)	(74		)	(32		)	57	%	(39	)%
Total provisions for credit losses and for benefits and claims	1,584			1,347			1,316			1,643			1,539			(6	)%	(3	)%

Total operating expenses	10,131			10,499			11,609			13,123			9,727			(26	)%	(4	)%

Income from Continuing Operations before Income Taxes	6,506			5,589			4,694			1,329			6,636			NM		2	%
Provision for income taxes	2,272			1,844			1,994			1,030			1,966			91	%	(13	)%

Income from Continuing Operations	4,234			3,745			2,700			299			4,670			NM		10	%

Income (loss) from Discontinued Operations, net of taxes	37			(22		)	(16		)	(1		)	(5		)	NM		NM

Noncontrolling interests	43			50			55			38			41			8	%	(5	)%
Citicorp’s Net Income	$	4,228		$	3,673		$	2,629		$	260		$	4,624		NM		9	%

Balance Sheet Data (in billions of dollars):

Total EOP Assets	$	1,743		$	1,761		$	1,746		$	1,713		$	1,710		—		(2	)%

Average Assets	$	1,736		$	1,755		$	1,752		$	1,768		$	1,727		(2	)%	(1	)%
Return on Average Assets	0.99		%	0.84		%	0.60		%	0.06		%	1.09		%
Efficiency Ratio (Operating Expenses/Total Revenues, net)	56		%	60		%	66		%	82		%	54		%
Total EOP Loans	$	567		$	578		$	569		$	565		$	559		(1	)%	(1	)%
Total EOP Deposits	$	904		$	913		$	898		$	883		$	888		1	%	(2	)%

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	6,801		$	6,933		$	7,120		$	7,070		$	6,701		(5	)%	(1	)%
Non-Interest Revenue	2,043			2,011			2,081			1,958			1,961			—		(4	)%
Total Revenues, Net of Interest Expense	8,844			8,944			9,201			9,028			8,662			(4	)%	(2	)%
Total Operating Expenses	4,871			5,120			4,975			4,985			4,552			(9	)%	(7	)%
Net Credit Losses	1,732			1,738			1,680			1,710			1,551			(9	)%	(10	)%
Credit Reserve Build / (Release)	(213		)	(302		)	(379		)	(254		)	(113		)	56	%	47	%
Provision for Unfunded Lending Commitments	(3		)	(3		)	(2		)	(15		)	(1		)	93	%	67	%
Provision for Benefits and Claims	41			26			38			39			28			(28	)%	(32	)%
Provisions for Loan Losses and for Benefits and Claims (LLR & PBC)	1,557			1,459			1,337			1,480			1,465			(1	)%	(6	)%
Income from Continuing Operations before Taxes	2,416			2,365			2,889			2,563			2,645			3	%	9	%
Income Taxes	742			802			995			875			920			5	%	24	%
Income from Continuing Operations	1,674			1,563			1,894			1,688			1,725			2	%	3	%
Noncontrolling Interests	7			6			9			3			(5		)	NM		NM
Net Income	$	1,667		$	1,557		$	1,885		$	1,685		$	1,730		3	%	4	%
Average Assets (in billions of dollars)	$	406		$	409		$	410		$	406		$	394		(3	)%	(3	)%
Return on Average Assets (ROA)	1.67		%	1.53		%	1.82		%	1.65		%	1.78		%
Efficiency Ratio	55		%	57		%	54		%	55		%	53		%

Net Credit Losses as a % of Average Loans	2.43		%	2.39		%	2.28		%	2.34		%	2.22		%

Revenue by Business
Retail Banking	$	3,789		$	3,845		$	3,936		$	3,891		$	3,774		(3	)%	—
Cards (1)	5,055			5,099			5,265			5,137			4,888			(5	)%	(3	)%
Total	$	8,844		$	8,944		$	9,201		$	9,028		$	8,662		(4	)%	(2	)%

Net Credit Losses by Business
Retail Banking	$	322		$	331		$	325		$	388		$	294		(24	)%	(9	)%
Cards (1)	1,410			1,407			1,355			1,322			1,257			(5	)%	(11	)%
Total	$	1,732		$	1,738		$	1,680		$	1,710		$	1,551		(9	)%	(10	)%

Income (loss) from Continuing Operations by Business
Retail Banking	$	426		$	357		$	536		$	468		$	574		23	%	35	%
Cards (1)	1,248			1,206			1,358			1,220			1,151			(6	)%	(8	)%
Total	$	1,674		$	1,563		$	1,894		$	1,688		$	1,725		2	%	3	%

FX Translation Impact:
Total Revenue - as Reported	$	8,844		$	8,944		$	9,201		$	9,028		$	8,662		(4	)%	(2	)%
Impact of FX Translation (2)	(371		)	(446		)	(387		)	(197		)	—
Total Revenues - Ex-FX (3)	$	8,473		$	8,498		$	8,814		$	8,831		$	8,662		(2	)%	2	%

Total Operating Expenses - as Reported	$	4,871		$	5,120		$	4,975		$	4,985		$	4,552		(9	)%	(7	)%
Impact of FX Translation (2)	(220		)	(280		)	(235		)	(122		)	—
Total Operating Expenses - Ex-FX (3)	$	4,651		$	4,840		$	4,740		$	4,863		$	4,552		(6	)%	(2	)%

Total Provisions for LLR & PBC - as Reported	$	1,557		$	1,459		$	1,337		$	1,480		$	1,465		(1	)%	(6	)%
Impact of FX Translation (2)	(84		)	(111		)	(84		)	(51		)	—
Total Provisions for LLR & PBC - Ex-FX (3)	$	1,473		$	1,348		$	1,253		$	1,429		$	1,465		3	%	(1	)%

Net Income - as Reported	$	1,667		$	1,557		$	1,885		$	1,685		$	1,730		3	%	4	%
Impact of FX Translation (2)	(28		)	(27		)	(35		)	(3		)	—
Net Income - Ex-FX (3)	$	1,639		$	1,530		$	1,850		$	1,682		$	1,730		3	%	6	%

(1) Includes both Citi-Branded Cards and Citi Retail Services.

(2) Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the first quarter of 2015 average exchange rates for all periods presented.

(3) Presentation of this metric excluding FX translation is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

GLOBAL CONSUMER BANKING

Page 2

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	3,426			3,307			3,284			3,129			3,027			(3	)%	(12	)%
Accounts (in millions)	61.0			61.2			60.3			59.8			59.2			(1	)%	(3	)%
Average Deposits	$	302.9		$	307.5		$	306.4		$	302.7		$	302.2		—		—
Investment Sales	$	26.6		$	26.3		$	29.5		$	23.8		$	26.5		11	%	—
Investment Assets under Management (AUMs)	$	162.0		$	170.2		$	168.2		$	163.3		$	161.8		(1	)%	—
Average Loans	$	148.6		$	153.3		$	154.2		$	152.6		$	148.3		(3	)%	—
EOP Loans:
Real Estate Lending	$	78.8		$	81.1		$	81.5		$	79.7		$	79.5		—		1	%
Commercial Markets	41.4			42.1			41.1			39.1			38.2			(2	)%	(8	)%
Personal and Other	30.6			31.7			31.3			30.4			30.2			(1	)%	(1	)%
EOP Loans	$	150.8		$	154.9		$	153.9		$	149.2		$	147.9		(1	)%	(2	)%

Net Interest Revenue (in millions) (1)	$	2,333		$	2,431		$	2,483		$	2,461		$	2,315		(6	)%	(1	)%
As a % of Average Loans	6.37		%	6.36		%	6.39		%	6.40		%	6.33		%

Net Credit Losses (in millions)	$	322		$	331		$	325		$	388		$	294		(24	)%	(9	)%
As a % of Average Loans	0.88		%	0.87		%	0.84		%	1.01		%	0.80		%
Loans 90+ Days Past Due (in millions) (2) (3)	$	968		$	989		$	964		$	816		$	617		(24	)%	(36	)%
As a % of EOP Loans	0.65		%	0.64		%	0.63		%	0.55		%	0.42		%
Loans 30-89 Days Past Due (in millions) (2)	$	925		$	965		$	912		$	854		$	845		(1	)%	(9	)%
As a % of EOP Loans	0.62		%	0.63		%	0.60		%	0.58		%	0.58		%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	$	137.8		$	138.2		$	136.1		$	137.0		$	136.3		(1	)%	(1	)%
Purchase Sales (in billions)	$	82.0		$	91.8		$	90.6		$	96.7		$	82.5		(15	)%	1	%

Average Loans (in billions) (4)	$	140.1		$	138.3		$	138.0		$	137.8		$	134.8		(2	)%	(4	)%
EOP Loans (in billions) (4)	$	138.1		$	140.1		$	138.1		$	141.9		$	132.2		(7	)%	(4	)%
Average Yield (5)	13.45		%	13.51		%	13.55		%	13.47		%	13.51		%
Net Interest Revenue (6)	$	4,468		$	4,502		$	4,637		$	4,609		$	4,386		(5	)%	(2	)%
As a % of Average Loans (6)	12.93		%	13.06		%	13.33		%	13.27		%	13.20		%
Net Credit Losses	$	1,410		$	1,407		$	1,355		$	1,322		$	1,257		(5	)%	(11	)%
As a % of Average Loans	4.08		%	4.08		%	3.90		%	3.81		%	3.78		%
Net Credit Margin (7)	$	3,637		$	3,682		$	3,898		$	3,804		$	3,621		(5	)%	—
As a % of Average Loans (7)	10.53		%	10.68		%	11.21		%	10.95		%	10.89		%
Loans 90+ Days Past Due	$	1,844		$	1,715		$	1,690		$	1,750		$	1,628		(7	)%	(12	)%
As a % of EOP Loans	1.34		%	1.22		%	1.22		%	1.23		%	1.23		%
Loans 30-89 Days Past Due	$	1,935		$	1,850		$	1,894		$	1,834		$	1,666		(9	)%	(14	)%
As a % of EOP Loans	1.40		%	1.32		%	1.37		%	1.29		%	1.26		%

(1) Also includes net interest revenue related to the international regions’ deposit balances in excess of the average loan portfolio.

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies. See footnote 1 on page 10.

(3) The fourth quarter of 2014 reflects a $71 million charge-off related to Citi’s homebuilder exposure in Mexico, which was offset by a related release of previously established loan loss reserves, and therefore neutral to the cost of credit during the quarter. The charge-off reduced Loans 90+ Days Past Due by the same amount.

(4) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(5) Average yield is gross interest revenue earned divided by average loans.

(6) Net interest revenue includes certain fees that are recorded as interest revenue.

(7) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	4,187		$	4,211		$	4,363		$	4,442		$	4,305		(3	)%	3	%
Non-Interest Revenue	603			576			633			654			689			5	%	14	%
Total Revenues, Net of Interest Expense	4,790			4,787			4,996			5,096			4,994			(2	)%	4	%
Total Operating Expenses	2,439			2,349			2,411			2,507			2,292			(9	)%	(6	)%
Net Credit Losses	1,102			1,072			1,019			1,013			961			(5	)%	(13	)%
Credit Reserve Build / (Release)	(271		)	(397		)	(341		)	(233		)	(100		)	57	%	63	%
Provision for Unfunded Lending Commitments	2			1			—			(11		)	1			NM		(50	)%
Provision for Benefits and Claims	7			11			12			10			10			—		43	%
Provisions for Loan Losses and for Benefits and Claims	840			687			690			779			872			12	%	4	%
Income from Continuing Operations before Taxes	1,511			1,751			1,895			1,810			1,830			1	%	21	%
Income Taxes (benefits)	493			677			712			673			690			3	%	40	%
Income from Continuing Operations	1,018			1,074			1,183			1,137			1,140			—		12	%
Noncontrolling Interests	—			(1		)	—			—			—			—		—
Net Income	$	1,018		$	1,075		$	1,183		$	1,137		$	1,140		—		12	%
Average Assets (in billions of dollars)	$	210		$	209		$	211		$	213		$	208		(2	)%	(1	)%
Return on Average Assets	1.97		%	2.06		%	2.22		%	2.12		%	2.22		%
Efficiency Ratio	51		%	49		%	48		%	49		%	46		%

Net Credit Losses as a % of Average Loans	2.87		%	2.78		%	2.59		%	2.55		%	2.51		%

Revenue by Business
Retail Banking	$	1,144		$	1,177		$	1,232		$	1,364		$	1,348		(1	)%	18	%
Citi-Branded Cards	2,021			2,029			2,118			2,122			2,009			(5	)%	(1	)%
Citi Retail Services	1,625			1,581			1,646			1,610			1,637			2	%	1	%
Total	$	4,790		$	4,787		$	4,996		$	5,096		$	4,994		(2	)%	4	%

Net Credit Losses by Business
Retail Banking	$	34		$	37		$	36		$	36		$	36		—		6	%
Citi-Branded Cards	587			570			526			514			492			(4	)%	(16	)%
Citi Retail Services	481			465			457			463			433			(6	)%	(10	)%
Total	$	1,102		$	1,072		$	1,019		$	1,013		$	961		(5	)%	(13	)%

Income (loss) from Continuing Operations by Business
Retail Banking	$	18		$	90		$	107		$	140		$	197		41	%	NM
Citi-Branded Cards	564			555			636			636			539			(15	)%	(4	)%
Citi Retail Services	436			429			440			361			404			12	%	(7	)%
Total	$	1,018		$	1,074		$	1,183		$	1,137		$	1,140		—		12	%

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	962			912			895			849			788			(7	)%	(18	)%
Accounts (in millions)	12.1			12.0			11.9			11.7			11.3			(3	)%	(7	)%
Investment Sales	$	3.9		$	3.8		$	3.6		$	4.0		$	4.5		13	%	15	%
Investment AUMs	$	34.6		$	35.9		$	35.8		$	36.2		$	37.0		2	%	7	%

Average Deposits	$	170.7		$	171.0		$	170.4		$	170.6		$	171.6		1	%	1	%

Average Loans	$	44.8		$	45.6		$	46.9		$	48.3		$	47.5		(2	)%	6	%

EOP Loans:
Real Estate Lending	$	35.1		$	36.4		$	37.6		$	36.7		$	37.8		3	%	8	%
Commercial Markets	8.7			8.5			8.6			8.6			8.5			(1	)%	(2	)%
Personal and Other	1.2			1.3			1.3			1.5			1.5			—		25	%
Total EOP Loans	$	45.0		$	46.2		$	47.5		$	46.8		$	47.8		2	%	6	%

Mortgage Originations	$	5.2		$	6.2		$	7.1		$	6.7		$	7.0		4	%	35	%

Third Party Mortgage Servicing Portfolio (EOP)	$	178.8		$	175.9		$	173.0		$	171.9		$	168.2		(2	)%	(6	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	127.7		$	133.9		$	132.4		$	255.6		$	168.7		(34	)%	32	%

Saleable Mortgage Rate Locks	$	3.6		$	4.2		$	4.4		$	3.8		$	4.4		16	%	22	%

Net Interest Revenue on Loans (in millions)	$	227		$	247		$	255		$	271		$	248		(8	)%	9	%
As a % of Avg. Loans	2.21		%	2.30		%	2.29		%	2.41		%	2.24		%

Net Credit Losses (in millions)	$	34		$	37		$	36		$	36		$	36		—		6	%
As a % of Avg. Loans	0.31		%	0.33		%	0.30		%	0.30		%	0.31		%

Loans 90+ Days Past Due (in millions) (1)	$	243		$	227		$	229		$	225		$	123		(45	)%	(49	)%
As a % of EOP Loans	0.55		%	0.50		%	0.49		%	0.49		%	0.26		%
Loans 30-89 Days Past Due (in millions) (1)	$	177		$	203		$	213		$	212		$	203		(4	)%	15	%
As a % of EOP Loans	0.40		%	0.45		%	0.46		%	0.46		%	0.43		%

(1) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+Days Past Due and (EOP Loans) were $679 million and ($1.2 billion), $668 million and ($1.2 billion), $604 million and ($1.1 billion), $562 million and ($1.1 billion) and $534 million and ($1.1 billion), as of March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $122 million and ($1.2 billion), $125 million and ($1.2 billion), $126 million and ($1.1 billion), $122 million and ($1.1 billion) and $111 million and ($1.1 billion), as of March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015, respectively.

Reclassified to conform to the current period’s presentation.

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	24.0			24.1			23.5			23.6			23.7			—		(1	)%
Purchase Sales (in billions)	$	39.6		$	43.9		$	43.3		$	45.1		$	40.9		(9	)%	3	%

Average Loans (in billions) (1)	$	67.5		$	66.4		$	66.1		$	65.7		$	64.1		(2	)%	(5	)%

EOP Loans (in billions) (1)	$	66.8		$	67.3		$	66.5		$	67.5		$	63.5		(6	)%	(5	)%

Average Yield (2)	10.39		%	10.31		%	10.38		%	10.35		%	10.48		%
Net Interest Revenue (3)	$	1,649		$	1,635		$	1,681		$	1,679		$	1,607		(4	)%	(3	)%
As a % of Avg. Loans (3)	9.91		%	9.88		%	10.09		%	10.14		%	10.17		%
Net Credit Losses	$	587		$	570		$	526		$	514		$	492		(4	)%	(16	)%
As a % of Average Loans	3.53		%	3.44		%	3.16		%	3.10		%	3.11		%
Net Credit Margin (4)	$	1,429		$	1,454		$	1,588		$	1,605		$	1,513		(6	)%	6	%
As a % of Avg. Loans (4)	8.59		%	8.78		%	9.53		%	9.69		%	9.57		%
Loans 90+ Days Past Due	$	648		$	583		$	559		$	593		$	569		(4	)%	(12	)%
As a % of EOP Loans	0.97		%	0.87		%	0.84		%	0.88		%	0.90		%
Loans 30-89 Days Past Due	$	599		$	540		$	566		$	568		$	497		(13	)%	(17	)%
As a % of EOP Loans	0.90		%	0.80		%	0.85		%	0.84		%	0.78		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	88.2			88.8			87.2			88.1			87.3			(1	)%	(1	)%
Purchase Sales (in billions)	$	16.7		$	20.4		$	19.7		$	23.5		$	16.5		(30	)%	(1	)%

Average Loans (in billions) (1)	$	43.6		$	42.4		$	42.9		$	43.9		$	43.9		—		1	%

EOP Loans (in billions) (1)	$	42.3		$	43.1		$	43.0		$	46.5		$	42.4		(9	)%	—

Average Yield (2)	16.63		%	16.89		%	16.89		%	16.80		%	16.96		%
Net Interest Revenue (3)	$	1,819		$	1,810		$	1,884		$	1,923		$	1,885		(2	)%	4	%
As a % of Avg. Loans (3)	16.92		%	17.12		%	17.42		%	17.38		%	17.41		%
Net Credit Losses	$	481		$	465		$	457		$	463		$	433		(6	)%	(10	)%
As a % of Average Loans	4.47		%	4.40		%	4.23		%	4.18		%	4.00		%
Net Credit Margin (4)	$	1,141		$	1,111		$	1,181		$	1,139		$	1,198		5	%	5	%
As a % of Avg. Loans (4)	10.61		%	10.51		%	10.92		%	10.29		%	11.07		%
Loans 90+ Days Past Due	$	689		$	606		$	630		$	678		$	629		(7	)%	(9	)%
As a % of EOP Loans	1.63		%	1.41		%	1.47		%	1.46		%	1.48		%
Loans 30-89 Days Past Due	$	725		$	683		$	729		$	748		$	673		(10	)%	(7	)%
As a % of EOP Loans	1.71		%	1.58		%	1.70		%	1.61		%	1.59		%

(1) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(2) Average yield is calculated as gross interest revenue earned divided by average loans.

(3) Net interest revenue includes certain fees that are recorded as interest revenue.

(4) Net credit margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

CITICORP

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 1

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	1,364		$	1,432		$	1,472		$	1,404		$	1,242		(12	)%	(9	)%
Non-Interest Revenue	719			704			700			665			593			(11	)%	(18	)%
Total Revenues, Net of Interest Expense	2,083			2,136			2,172			2,069			1,835			(11	)%	(12	)%
Total Operating Expenses	1,203			1,254			1,272			1,245			1,080			(13	)%	(10	)%
Net Credit Losses	436			454			460			511			417			(18	)%	(4	)%
Credit Reserve Build / (Release)	51			109			(4		)	(36		)	22			NM		(57	)%
Provision for Unfunded Lending Commitments	(1		)	1			(1		)	—			(3		)	NM		NM
Provision for Benefits and Claims	34			15			26			29			18			(38	)%	(47	)%
Provisions for Loan Losses and for Benefits and Claims (LLR & PBC)	520			579			481			504			454			(10	)%	(13	)%
Income from Continuing Operations before Taxes	360			303			419			320			301			(6	)%	(16	)%
Income Taxes	69			28			90			57			57			—		(17	)%
Income from Continuing Operations	291			275			329			263			244			(7	)%	(16	)%
Noncontrolling Interests	2			2			2			—			—			—		(100	)%
Net Income	$	289		$	273		$	327		$	263		$	244		(7	)%	(16	)%
Average Assets (in billions of dollars)	$	76		$	77		$	76		$	73		$	68		(7	)%	(11	)%
Return on Average Assets (1)	1.54		%	1.42		%	1.71		%	1.43		%	1.46		%
Efficiency Ratio	58		%	59		%	59		%	60		%	59		%

Net Credit Losses as a % of Average Loans (1)	4.60		%	4.63		%	4.75		%	5.51		%	4.90		%

Revenue by Business
Retail Banking	$	1,420		$	1,431		$	1,452		$	1,375		$	1,251		(9	)%	(12	)%
Citi-Branded Cards	663			705			720			694			584			(16	)%	(12	)%
Total	$	2,083		$	2,136		$	2,172		$	2,069		$	1,835		(11	)%	(12	)%

Net Credit Losses by Business
Retail Banking	$	208		$	211		$	210		$	278		$	188		(32	)%	(10	)%
Citi-Branded Cards	228			243			250			233			229			(2	)%	—
Total	$	436		$	454		$	460		$	511		$	417		(18	)%	(4	)%

Income (loss) from Continuing Operations by Business
Retail Banking	$	204		$	206		$	189		$	141		$	154		9	%	(25	)%
Citi-Branded Cards	87			69			140			122			90			(26	)%	3	%
Total	$	291		$	275		$	329		$	263		$	244		(7	)%	(16	)%

FX Translation Impact:
Total Revenue - as Reported	$	2,083		$	2,136		$	2,172		$	2,069		$	1,835		(11	)%	(12	)%
Impact of FX Translation (1)	(255		)	(295		)	(257		)	(142		)	—
Total Revenues - Ex-FX (2)	$	1,828		$	1,841		$	1,915		$	1,927		$	1,835		(5	)%	—

Total Operating Expenses - as Reported	$	1,203		$	1,254		$	1,272		$	1,245		$	1,080		(13	)%	(10	)%
Impact of FX Translation (1)	(132		)	(155		)	(138		)	(76		)	—
Total Operating Expenses - Ex-FX (2)	$	1,071		$	1,099		$	1,134		$	1,169		$	1,080		(8	)%	1	%

Provisions for LLR & PBC - as Reported	$	520		$	579		$	481		$	504		$	454		(10	)%	(13	)%
Impact of FX Translation (1)	(69		)	(86		)	(64		)	(38		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	451		$	493		$	417		$	466		$	454		(3	)%	1	%

Net Income - as Reported	$	289		$	273		$	327		$	263		$	244		(7	)%	(16	)%
Impact of FX Translation (1)	(25		)	(33		)	(31		)	(15		)	—
Net Income - Ex-FX (2)	$	264		$	240		$	296		$	248		$	244		(2	)%	(8	)%

(1) Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the first quarter of 2015 average exchange rates for all periods presented.

(2) Presentation of this metric excluding FX translation is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	1,844			1,836			1,843			1,744			1,700			(3	)%	(8	)%
Accounts (in millions)	31.0			31.3			30.8			30.6			30.5			—		(2	)%
Average Deposits	$	43.8		$	45.2		$	45.0		$	43.9		$	42.2		(4	)%	(4	)%
Investment Sales	$	12.0		$	13.0		$	14.9		$	11.9		$	11.0		(8	)%	(8	)%
Investment AUMs	$	71.2		$	75.6		$	74.3		$	68.8		$	65.9		(4	)%	(7	)%
Average Loans	$	28.3		$	29.0		$	28.5		$	27.2		$	25.7		(6	)%	(9	)%
EOP Loans:
Real Estate Lending	$	5.9		$	5.8		$	5.5		$	5.0		$	4.9		(2	)%	(17	)%
Commercial Markets	12.5			12.7			12.1			11.3			11.0			(3	)%	(12	)%
Personal and Other	10.3			10.7			10.6			9.9			9.7			(2	)%	(6	)%
Total EOP Loans	$	28.7		$	29.2		$	28.2		$	26.2		$	25.6		(2	)%	(11	)%

Net Interest Revenue (in millions) (1)	$	884		$	909		$	929		$	895		$	815		(9	)%	(8	)%
As a % of Average Loans (1)	12.67		%	12.57		%	12.93		%	13.05		%	12.86		%
Net Credit Losses (in millions)	$	208		$	211		$	210		$	278		$	188		(32	)%	(10	)%
As a % of Average Loans	2.98		%	2.92		%	2.92		%	4.05		%	2.97		%
Loans 90+ Days Past Due (in millions) (2)	$	516		$	540		$	515		$	397		$	306		(23	)%	(41	)%
As a % of EOP Loans (2)	1.80		%	1.85		%	1.83		%	1.52		%	1.20		%
Loans 30-89 Days Past Due (in millions)	$	340		$	344		$	302		$	290		$	282		(3	)%	(17	)%
As a % of EOP Loans	1.18		%	1.18		%	1.07		%	1.11		%	1.10		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	8.4			8.2			8.2			8.1			8.1			—		(4	)%
Purchase Sales (in billions)	$	6.9		$	7.4		$	7.4		$	7.6		$	6.4		(16	)%	(7	)%
Average Loans (in billions) (3)	$	10.1		$	10.3		$	9.9		$	9.6		$	8.8		(8	)%	(13	)%
EOP Loans (in billions) (3)	$	10.2		$	10.1		$	9.8		$	9.3		$	8.5		(9	)%	(17	)%
Average Yield (4)	20.39		%	20.90		%	21.14		%	20.73		%	20.10		%

Net Interest Revenue (in millions) (5)	$	480		$	523		$	543		$	509		$	427		(16	)%	(11	)%
As a % of Average Loans (5)	19.27		%	20.37		%	21.76		%	21.04		%	19.68		%
Net Credit Losses (in millions)	$	228		$	243		$	250		$	233		$	229		(2	)%	—
As a % of Average Loans	9.16		%	9.46		%	10.02		%	9.63		%	10.55		%
Net Credit Margin (in millions) (6)	$	435		$	462		$	470		$	461		$	355		(23	)%	(18	)%
As a % of Average Loans (6)	17.47		%	17.99		%	18.84		%	19.05		%	16.36		%
Loans 90+ Days Past Due (in millions)	$	293		$	303		$	294		$	284		$	240		(15	)%	(18	)%
As a % of EOP Loans	2.87		%	3.00		%	3.00		%	3.05		%	2.82		%
Loans 30-89 Days Past Due (in millions)	$	321		$	326		$	322		$	262		$	247		(6	)%	(23	)%
As a % of EOP Loans	3.15		%	3.23		%	3.29		%	2.82		%	2.91		%

(1) Also includes net interest revenue related to the region’s deposit balances in excess of the average loan portfolio.

(2) See footnote 3 on page 8.

(3) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4) Average yield is gross interest revenue earned divided by average loans.

(5) Net interest revenue includes certain fees that are recorded as interest revenue.

(6) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	1,250		$	1,290		$	1,285		$	1,224		$	1,154		(6	)%	(8	)%
Non-Interest Revenue	721			731			748			639			679			6	%	(6	)%
Total Revenues, Net of Interest Expense	1,971			2,021			2,033			1,863			1,833			(2	)%	(7	)%
Total Operating Expenses	1,229			1,517			1,292			1,233			1,180			(4	)%	(4	)%
Net Credit Losses	194			212			201			186			173			(7	)%	(11	)%
Credit Reserve Build / (Release)	7			(14		)	(34		)	15			(35		)	NM		NM
Provision for Unfunded Lending Commitments	(4		)	(5		)	(1		)	(4		)	1			NM		NM
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provisions for Loan Losses and for Benefits and Claims (LLR & PBC)	197			193			166			197			139			(29	)%	(29	)%
Income from Continuing Operations before Taxes	545			311			575			433			514			19	%	(6	)%
Income Taxes	180			97			193			145			173			19	%	(4	)%
Income from Continuing Operations	365			214			382			288			341			18	%	(7	)%
Noncontrolling Interests	5			5			7			3			(5		)	NM		NM
Net Income	$	360		$	209		$	375		$	285		$	346		21	%	(4	)%
Average Assets (in billions of dollars)	$	120		$	123		$	123		$	120		$	118		(2	)%	(2	)%
Return on Average Assets	1.22		%	0.68		%	1.21		%	0.94		%	1.19		%
Efficiency Ratio	62		%	75		%	64		%	66		%	64		%

Net Credit Losses as a % of Average Loans	0.83		%	0.87		%	0.81		%	0.77		%	0.75		%

Revenue by Business
Retail Banking	$	1,225		$	1,237		$	1,252		$	1,152		$	1,175		2	%	(4	)%
Citi-Branded Cards	746			784			781			711			658			(7	)%	(12	)%
Total	$	1,971		$	2,021		$	2,033		$	1,863		$	1,833		(2	)%	(7	)%

Net Credit Losses by Business
Retail Banking	$	80		$	83		$	79		$	74		$	70		(5	)%	(13	)%
Citi-Branded Cards	114			129			122			112			103			(8	)%	(10	)%
Total	$	194		$	212		$	201		$	186		$	173		(7	)%	(11	)%

Income from Continuing Operations by Business
Retail Banking	$	204		$	61		$	240		$	187		$	223		19	%	9	%
Citi-Branded Cards	161			153			142			101			118			17	%	(27	)%
Total	$	365		$	214		$	382		$	288		$	341		18	%	(7	)%

FX Translation Impact:
Total Revenue - as Reported	$	1,971		$	2,021		$	2,033		$	1,863		$	1,833		(2	)%	(7	)%
Impact of FX Translation (2)	(116		)	(151		)	(130		)	(55		)	—
Total Revenues - Ex-FX (3)	$	1,855		$	1,870		$	1,903		$	1,808		$	1,833		1	%	(1	)%

Total Operating Expenses - as Reported	$	1,229		$	1,517		$	1,292		$	1,233		$	1,180		(4	)%	(4	)%
Impact of FX Translation (2)	(88		)	(125		)	(97		)	(46		)	—
Total Operating Expenses - Ex-FX (3)	$	1,141		$	1,392		$	1,195		$	1,187		$	1,180		(1	)%	3	%

Provisions for LLR & PBC - as Reported	$	197		$	193		$	166		$	197		$	139		(29	)%	(29	)%
Impact of FX Translation (2)	(15		)	(25		)	(20		)	(13		)	—
Provisions for LLR & PBC - Ex-FX (3)	$	182		$	168		$	146		$	184		$	139		(24	)%	(24	)%

Net Income - as Reported	$	360		$	209		$	375		$	285		$	346		21	%	(4	)%
Impact of FX Translation (2)	(3		)	6			(4		)	12			—
Net Income - Ex-FX (3)	$	357		$	215		$	371		$	297		$	346		16	%	(3	)%

(1) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the first quarter of 2015 average exchange rates for all periods presented.

(3) Presentation of this metric excluding FX translation is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	620			559			546			536			539			1	%	(13	)%
Accounts (in millions)	17.9			17.9			17.6			17.5			17.4			(1	)%	(3	)%
Average Deposits	$	88.4		$	91.3		$	91.0		$	88.2		$	88.4		—		—
Investment Sales	$	10.7		$	9.5		$	11.0		$	7.9		$	11.0		39	%	3	%
Investment AUMs	$	56.2		$	58.7		$	58.1		$	58.3		$	58.9		1	%	5	%
Average Loans	$	75.5		$	78.7		$	78.8		$	77.1		$	75.1		(3	)%	(1	)%
EOP Loans:
Real Estate Lending	$	37.8		$	38.9		$	38.4		$	38.0		$	36.8		(3	)%	(3	)%
Commercial Markets	20.2			20.9			20.4			19.2			18.7			(3	)%	(7	)%
Personal and Other	19.1			19.7			19.4			19.0			19.0			—		(1	)%
Total EOP Loans	$	77.1		$	79.5		$	78.2		$	76.2		$	74.5		(2	)%	(3	)%

Net Interest Revenue (in millions) (2)	$	730		$	756		$	756		$	726		$	687		(5	)%	(6	)%
As a % of Average Loans (2)	3.92		%	3.85		%	3.81		%	3.74		%	3.71		%
Net Credit Losses (in millions)	$	80		$	83		$	79		$	74		$	70		(5	)%	(13	)%
As a % of Average Loans	0.43		%	0.42		%	0.40		%	0.38		%	0.38		%
Loans 90+ Days Past Due (in millions)	$	209		$	222		$	220		$	194		$	188		(3	)%	(10	)%
As a % of EOP Loans	0.27		%	0.28		%	0.28		%	0.25		%	0.25		%
Loans 30-89 Days Past Due (in millions)	$	408		$	418		$	397		$	352		$	360		2	%	(12	)%
As a % of EOP Loans	0.53		%	0.53		%	0.51		%	0.46		%	0.48		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	17.2			17.1			17.2			17.2			17.2			—		—
Purchase Sales (in billions)	$	18.8		$	20.1		$	20.2		$	20.5		$	18.7		(9	)%	(1	)%
Average Loans (in billions) (3)	$	18.9		$	19.2		$	19.1		$	18.6		$	18.0		(3	)%	(5	)%
EOP Loans (in billions) (3)	$	18.8		$	19.6		$	18.8		$	18.6		$	17.8		(4	)%	(5	)%
Average Yield (4)	13.34		%	13.15		%	13.06		%	12.79		%	12.62		%

Net Interest Revenue (in millions) (5)	$	520		$	534		$	529		$	498		$	467		(6	)%	(10	)%
As a % of Average Loans (6)	11.16		%	11.16		%	10.99		%	10.62		%	10.52		%
Net Credit Losses (in millions)	$	114		$	129		$	122		$	112		$	103		(8	)%	(10	)%
As a % of Average Loans	2.45		%	2.69		%	2.53		%	2.39		%	2.32		%
Net Credit Margin (in millions) (6)	$	632		$	655		$	659		$	599		$	555		(7	)%	(12	)%
As a % of Average Loans (6)	13.56		%	13.68		%	13.69		%	12.78		%	12.50		%
Loans 90+ Days Past Due	$	214		$	223		$	207		$	195		$	190		(3	)%	(11	)%
As a % of EOP Loans	1.14		%	1.14		%	1.10		%	1.05		%	1.07		%
Loans 30-89 Days Past Due	$	290		$	301		$	277		$	256		$	249		(3	)%	(14	)%
As a % of EOP Loans	1.54		%	1.54		%	1.47		%	1.38		%	1.40		%

(1) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Also includes net interest revenue related to the region’s deposit balances in excess of the average loan portfolio.

(3) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4) Average yield is gross interest revenue earned divided by average loans.

(5) Net interest revenue includes certain fees that are recorded as interest revenue.

(6) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

CITICORP

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Commissions and Fees	$	1,014		$	992		$	1,015		$	974		$	995		2	%	(2	)%
Administration and Other Fiduciary Fees	624			651			626			619			608			(2	)%	(3	)%
Investment Banking	957			1,257			1,047			1,008			1,134			13	%	18	%
Principal Transactions	2,603			1,577			1,396			329			2,198			NM		(16	)%
Other	139			104			241			177			249			41	%	79	%
Total Non-Interest Revenue	5,337			4,581			4,325			3,107			5,184			67	%	(3	)%
Net Interest Revenue (including Dividends)	3,817			3,821			4,011			4,053			3,844			(5	)%	1	%
Total Revenues, Net of Interest Expense	9,154			8,402			8,336			7,160			9,028			26	%	(1	)%
Total Operating Expenses	4,858			4,743			4,912			4,878			4,632			(5	)%	(5	)%
Net Credit Losses	134			9			12			121			(2		)	NM		NM
Credit Reserve Build / (Release)	(87		)	(96		)	(8		)	101			107			6	%	NM
Provision for Unfunded Lending Commitments	(20		)	(25		)	(25		)	(59		)	(31		)	47	%	(55	)%
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provisions for Credit Losses and for Benefits and Claims	27			(112		)	(21		)	163			74			(55	)%	NM
Income from Continuing Operations before Taxes	4,269			3,771			3,445			2,119			4,322			NM		1	%
Income Taxes	1,321			1,205			1,102			442			1,358			NM		3	%
Income from Continuing Operations	2,948			2,566			2,343			1,677			2,964			77	%	1	%
Noncontrolling Interests	26			19			42			31			36			16	%	38	%
Net Income	$	2,922		$	2,547		$	2,301		$	1,646		$	2,928		78	%	—
Average Assets (in billions of dollars)	$	1,282		$	1,290		$	1,279		$	1,298		$	1,274		(2	)%	(1	)%
Return on Average Assets	0.92		%	0.79		%	0.71		%	0.50		%	0.93		%
Return on Average Assets (Excluding CVA/DVA) (1)(2)	0.93		%	0.80		%	0.77		%	0.50		%	0.95		%
Efficiency Ratio	53		%	56		%	59		%	68		%	51		%

Revenue by Region - Excluding CVA/DVA (2)
	$	3,562		$	3,184		$	3,202		$	2,393		$	3,230		35	%	(9	)%
North America
EMEA	2,752			2,415			2,529			2,069			2,869			39	%	4	%
Latin America	1,103			1,158			1,037			982			1,074			9	%	(3	)%
Asia	1,744			1,677			1,884			1,704			1,924			13	%	10	%
Total	$	9,161		$	8,434		$	8,652		$	7,148		$	9,097		27	%	(1	)%
CVA/DVA {excluded as applicable in lines above}	(7		)	(32		)	(316		)	12			(69		)	NM		NM
Total Revenues, net of Interest Expense	$	9,154		$	8,402		$	8,336		$	7,160		$	9,028		26	%	(1	)%

Income from Continuing Operations by Region - Excluding CVA/DVA (2)
North America	$	1,305		$	1,114		$	910		$	616		$	968		57	%	(26	)%
EMEA	780			561			647			242			925			NM		19	%
Latin America	341			433			308			280			419			50	%	23	%
Asia	526			478			672			532			696			31	%	32	%
Total	$	2,952		$	2,586		$	2,537		$	1,670		$	3,008		80	%	2	%
CVA/DVA (after-tax) {excluded as applicable in lines above}	(4		)	(20		)	(194		)	7			(44		)	NM		NM
Income from Continuing Operations	$	2,948		$	2,566		$	2,343		$	1,677		$	2,964		77	%	1	%

Average Loans by Region (in billions)
North America	$	107		$	109		$	111		115			$	119		3	%	11	%
EMEA	57			59			58			57			57			—		—
Latin America	40			41			40			39			38			(3	)%	(5	)%
Asia	68			70			69			66			62			(6	)%	(9	)%
Total	$	272		$	279		$	278		$	277		$	276		—		1	%

EOP Deposits by Region (in billions)
North America	$	180		$	176		$	177		$	192		$	196		2	%	9	%
EMEA	185			186			180			165			167			1	%	(10	)%
Latin America	65			65			62			56			60			7	%	(8	)%
Asia	139			145			144			142			148			4	%	6	%
Total	$	569		$	572		$	563		$	555		$	571		3	%	—

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	381		$	384		$	381		$	380		$	387		2	%	2	%
All Other ICG Businesses	188			188			182			175			184			5	%	(2	)%
Total	$	569		$	572		$	563		$	555		$	571		3	%	—

(1) Return on Average Assets excluding CVA/DVA is defined as annualized net income less CVA/DVA, divided by average assets. See above for the after-tax CVA/DVA for each period presented.

(2) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Revenue Details - Excluding CVA/DVA:
Investment Banking:
Advisory	$	175		$	193		$	318		$	263		$	298		13	%	70	%
Equity Underwriting	299			397			298			252			231			(8	)%	(23	)%
Debt Underwriting	579			749			633			551			669			21	%	16	%
Total Investment Banking	1,053			1,339			1,249			1,066			1,198			12	%	14	%
Treasury and Trade Solutions	1,921			1,980			1,934			1,932			1,889			(2	)%	(2	)%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	416			456			444			433			445			3	%	7	%
Private Bank	670			658			664			668			708			6	%	6	%
Total Banking Revenues (Ex-CVA/DVA and Gain/(Loss) on Loan Hedges) (1)	$	4,060		$	4,433		$	4,291		$	4,099		$	4,240		3	%	4	%

Corporate Lending — Gain/(Loss) on Loan Hedges (2)	(17		)	(44		)	91			86			52			(40	)%	NM
Total Banking Revenues (Ex-CVA/DVA) and including G(L) on Loan Hedges (1)	$	4,043		$	4,389		$	4,382		$	4,185		$	4,292		3	%	6	%

Fixed Income Markets	3,929			3,080			3,064			2,075			3,483			68	%	(11	)%
Equity Markets	882			659			763			470			873			86	%	(1	)%
Securities Services	485			521			534			508			543			7	%	12	%
Other	(178		)	(215		)	(91		)	(90		)	(94		)	(4	)%	47	%
Total Markets and Securities Services (Ex-CVA/DVA) (1)	$	5,118		$	4,045		$	4,270		$	2,963		$	4,805		62	%	(6	)%

Total ICG (Ex-CVA/DVA) (1)	$	9,161		$	8,434		$	8,652		$	7,148		$	9,097		27	%	(1	)%

CVA/DVA {excluded as applicable in lines above}	(7		)	(32		)	(316		)	12			(69		)	NM		NM
Total Revenues, net of Interest Expense	$	9,154		$	8,402		$	8,336		$	7,160		$	9,028		26	%	(1	)%

Taxable-equivalent adjustments (3)	$	169		$	169		$	170		$	171		$	164		(4	)%	(3	)%

Total ICG Revenues (Ex-CVA/DVA) and including Taxable-equivalent adjustments (1) (3)	$	9,330		$	8,603		$	8,822		$	7,319		$	9,261		27	%	(1	)%

(1) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

(2) Hedges on accrual loans reflect the mark-to-market on credit derivatives used to economically hedge the corporate loan accrual portfolio.The fixed premium costs of these hedges is netted against the core lending revenues to reflect the cost of credit protection.

(3) Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	(35	)	$	(45	)	$	(63	)	$	(81	)	$	(28	)	65	%	20	%
Non-Interest Revenue	258			134			145			(12		)	240			NM		(7	)%
Total Revenues, Net of Interest Expense	223			89			82			(93		)	212			NM		(5	)%
Total Operating Expenses	402			636			1,722			3,260			543			(83	)%	35	%
Net Credit Losses	—			—			—			—			—			—		—
Credit Reserve Build / (Release)	—			—			—			—			—			—		—
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provision for Unfunded Lending Commitments	—			—			—			—			—			—		—
Provisions for Loan Losses and for Benefits and Claims	—			—			—			—			—			—		—
Income from Continuing Operations before Taxes	(179		)	(547		)	(1,640		)	(3,353		)	(331		)	90	%	(85	)%
Income Taxes	209			(163		)	(103		)	(287		)	(312		)	(9	)%	NM
Income from Continuing Operations	(388		)	(384		)	(1,537		)	(3,066		)	(19		)	99	%	95	%
Income (Loss) from Discontinued Operations, net of taxes	37			(22		)	(16		)	(1		)	(5		)	NM		NM
Noncontrolling Interests	10			25			4			5			10			100	%	—
Net Income (Loss)	$	(361	)	$	(431	)	$	(1,557	)	$	(3,072	)	$	(34	)	99	%	91	%
EOP Assets (in billions of dollars)	$	51		$	55		$	53		$	50		$	52		4	%	2	%
Average Assets (in billions of dollars)	$	48		$	56		$	63		$	64		$	59		(8	)%	23	%

(1) Includes certain costs of global staff functions, other corporate expenses and certain global operations and technology expenses, Corporate Treasury, and Discontinued operations.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

NORTH AMERICA (1)

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	5,655		$	5,616		$	5,916		$	6,046		$	5,922		(2	)%	5	%
Non-Interest Revenue	2,696			2,325			2,299			1,507			2,375			58	%	(12	)%
Total Revenues, Net of Interest Expense	8,351			7,941			8,215			7,553			8,297			10	%	(1	)%
Total Operating Expenses	4,259			4,039			4,313			4,267			4,121			(3	)%	(3	)%
Net Credit Losses	1,094			1,085			1,013			1,023			962			(6	)%	(12	)%
Credit Reserve Build / (Release)	(318		)	(490		)	(316		)	(87		)	8			NM		NM
Provision Unfunded Lending Commitments	(14		)	(19		)	(23		)	(81		)	(23		)	72	%	(64	)%
Provision for Benefits and Claims	7			11			12			10			10			—		43	%
Provisions for Credit Losses and for Benefits and Claims	769			587			686			865			957			11	%	24	%
Income from Continuing Operations before Taxes	3,323			3,315			3,216			2,421			3,219			33	%	(3	)%
Income Taxes	1,000			1,145			1,113			629			1,064			69	%	6	%
Income from Continuing Operations	2,323			2,170			2,103			1,792			2,155			20	%	(7	)%
Noncontrolling Interests	4			(5		)	23			14			10			(29	)%	NM
Net Income	$	2,319		$	2,175		$	2,080		$	1,778		$	2,145		21	%	(8	)%
Average Assets (in billions of dollars)	$	852		$	841		$	871		$	894		$	885		(1	)%	4	%
Return on Average Assets	1.10		%	1.04		%	0.95		%	0.79		%	0.98		%
Efficiency Ratio	51		%	51		%	53		%	56		%	50		%

Revenue by Business
Retail Banking	$	1,144		$	1,177		$	1,232		$	1,364		$	1,348		(1	)%	18	%
Citi-Branded Cards	2,021			2,029			2,118			2,122			2,009			(5	)%	(1	)%
Citi Retail Services	1,625			1,581			1,646			1,610			1,637			2	%	1	%
Global Consumer Banking	4,790			4,787			4,996			5,096			4,994			(2	)%	4	%
Institutional Clients Group	3,561			3,154			3,219			2,457			3,303			34	%	(7	)%
Total	$	8,351		$	7,941		$	8,215		$	7,553		$	8,297		10	%	(1	)%

CVA/DVA {included as applicable in businesses above}	(1		)	(30		)	17			64			73			14	%	NM
Total Revenues - Excluding CVA/DVA (2)	$	8,352		$	7,971		$	8,198		$	7,489		$	8,224		10	%	(2	)%

Income (loss) from Continuing Operations by Business
Retail Banking	$	18		$	90		$	107		$	140		$	197		41	%	NM
Citi-Branded Cards	564			555			636			636			539			(15	)%	(4	)%
Citi Retail Services	436			429			440			361			404			12	%	(7	)%
Global Consumer Banking	1,018			1,074			1,183			1,137			1,140			—		12	%
Institutional Clients Group	1,305			1,096			920			655			1,015			55	%	(22	)%
Total	$	2,323		$	2,170		$	2,103		$	1,792		$	2,155		20	%	(7	)%

CVA/DVA {included as applicable in businesses above}	(1		)	(18		)	10			39			47			21	%	NM
Income (loss) from Continuing Operations - Excluding CVA/DVA (2)	$	2,324		$	2,188		$	2,093		$	1,753		$	2,108		20	%	(9	)%

(1) Regional results do not include Corporate/Other. See page 18 for Corporate/Other results.

(2) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

EMEA (1)

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	1,005		$	1,063		$	1,033		$	1,046		$	916		(12	)%	(9	)%
Non-Interest Revenue	2,063			1,674			1,516			1,252			2,089			67	%	1	%
Total Revenues, Net of Interest Expense	3,068			2,737			2,549			2,298			3,005			31	%	(2	)%
Total Operating Expenses	1,904			1,861			1,875			1,948			1,700			(13	)%	(11	)%
Net Credit Losses	9			22			23			15			12			(20	)%	33	%
Credit Reserve Build / (Release)	(44		)	(41		)	(84		)	35			(9		)	NM		80	%
Provision Unfunded Lending Commitments	(4		)	(4		)	(2		)	1			(1		)	NM		75	%
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provisions for Credit Losses and for Benefits and Claims	(39		)	(23		)	(63		)	51			2			(96	)%	NM
Income from Continuing Operations before Taxes	1,203			899			737			299			1,303			NM		8	%
Income Taxes	399			317			262			96			444			NM		11	%
Income from Continuing Operations	804			582			475			203			859			NM		7	%
Noncontrolling Interests	26			27			25			18			22			22	%	(15	)%
Net Income	$	778		$	555		$	450		$	185		$	837		NM		8	%
Average Assets (in billions of dollars)	$	343		$	356		$	330		$	335		$	323		(4	)%	(6	)%
Return on Average Assets	0.92		%	0.63		%	0.54		%	0.22		%	1.05		%
Efficiency Ratio	62		%	68		%	74		%	85		%	57		%

Revenue by Business
Retail Banking	$	194		$	201		$	190		$	175		$	159		(9	)%	(18	)%
Citi-Branded Cards	103			106			107			85			83			(2	)%	(19	)%
Global Consumer Banking	297			307			297			260			242			(7	)%	(19	)%
Institutional Clients Group	2,771			2,430			2,252			2,038			2,763			36	%	—
Total	$	3,068		$	2,737		$	2,549		$	2,298		$	3,005		31	%	(2	)%

CVA/DVA {included as applicable in businesses above}	19			15			(277		)	(31		)	(106		)	NM		NM
Total Revenues - Excluding CVA/DVA (2)	$	3,049		$	2,722		$	2,826		$	2,329		$	3,111		34	%	2	%

Income (loss) from Continuing Operations by Business
Retail Banking	$	(4	)	$	8		$	(7	)	$	(4	)	$	(7	)	(75	)%	(75	)%
Citi-Branded Cards	16			4			5			(16		)	9			NM		(44	)%
Global Consumer Banking	12			12			(2		)	(20		)	2			NM		(83	)%
Institutional Clients Group	792			570			477			223			857			NM		8	%
Total	$	804		$	582		$	475		$	203		$	859		NM		7	%

CVA/DVA {included as applicable in businesses above}	12			9			(170		)	(19		)	(68		)	NM		NM
Income (loss) from Continuing Operations - Excluding CVA/DVA (2)	$	792		$	573		$	645		$	222		$	927		NM		17	%

(1) Regional results do not include Corporate/Other. See page 18 for Corporate/Other results.

(2) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

LATIN AMERICA (1)

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	2,097		$	2,128		$	2,182		$	2,170		$	1,943		(10	)%	(7	)%
Non-Interest Revenue	1,087			1,157			1,004			870			957			10	%	(12	)%
Total Revenues, Net of Interest Expense	3,184			3,285			3,186			3,040			2,900			(5	)%	(9	)%
Total Operating Expenses	1,660			1,736			1,765			1,733			1,506			(13	)%	(9	)%
Net Credit Losses	582			448			477			613			419			(32	)%	(28	)%
Credit Reserve Build / (Release)	53			168			70			(63		)	49			NM		(8	)%
Provision Unfunded Lending Commitments	(1		)	1			(1		)	10			(10		)	NM		NM
Provision for Benefits and Claims	34			15			26			29			18			(38	)%	(47	)%
Provisions for Credit Losses and for Benefits and Claims	668			632			572			589			476			(19	)%	(29	)%
Income from Continuing Operations before Taxes	856			917			849			718			918			28	%	7	%
Income Taxes	225			215			226			182			261			43	%	16	%
Income from Continuing Operations	631			702			623			536			657			23	%	4	%
Noncontrolling Interests	2			2			2			—			—			—		(100	)%
Net Income	$	629		$	700		$	621		$	536		$	657		23	%	4	%
Average Assets (in billions of dollars)	$	173		$	174		$	168		$	161		$	155		(4	)%	(10	)%
Return on Average Assets	1.47		%	1.61		%	1.47		%	1.32		%	1.72		%
Efficiency Ratio	52		%	53		%	55		%	57		%	52		%

Revenue by Business
Retail Banking	$	1,420		$	1,431		$	1,452		$	1,375		$	1,251		(9	)%	(12	)%
Citi-Branded Cards	663			705			720			694			584			(16	)%	(12	)%
Global Consumer Banking	2,083			2,136			2,172			2,069			1,835			(11	)%	(12	)%
Institutional Clients Group	1,101			1,149			1,014			971			1,065			10	%	(3	)%
Total	$	3,184		$	3,285		$	3,186		$	3,040		$	2,900		(5	)%	(9	)%

CVA/DVA {included as applicable in businesses above}	(2		)	(9		)	(23		)	(11		)	(9		)	18	%	NM
Total Revenues - Excluding CVA/DVA (2)	$	3,186		$	3,294		$	3,209		$	3,051		$	2,909		(5	)%	(9	)%

Income from Continuing Operations by Business
Retail Banking	$	204		$	206		$	189		$	141		$	154		9	%	(25	)%
Citi-Branded Cards	87			69			140			122			90			(26	)%	3	%
Global Consumer Banking	291			275			329			263			244			(7	)%	(16	)%
Institutional Clients Group	340			427			294			273			413			51	%	21	%
Total	$	631		$	702		$	623		$	536		$	657		23	%	4	%

CVA/DVA {included as applicable in businesses above}	(1		)	(6		)	(14		)	(7		)	(6		)	14	%	NM
Income (loss) from Continuing Operations - Excluding CVA/DVA (2)	$	632		$	708		$	637		$	543		$	663		22	%	5	%

(1) Regional results do not include Corporate/Other. See page 18 for Corporate/Other results.

(2) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITICORP

ASIA (1)

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Net Interest Revenue	$	1,861		$	1,947		$	2,000		$	1,861		$	1,764		(5	)%	(5	)%
Non-Interest Revenue	1,534			1,436			1,587			1,436			1,724			20	%	12	%
Total Revenues, Net of Interest Expense	3,395			3,383			3,587			3,297			3,488			6	%	3	%
Total Operating Expenses	1,906			2,227			1,934			1,915			1,857			(3	)%	(3	)%
Net Credit Losses	181			192			179			180			156			(13	)%	(14	)%
Credit Reserve Build / (Release)	9			(35		)	(57		)	(38		)	(54		)	(42	)%	NM
Provision for Unfunded Lending Commitments	(4		)	(6		)	(1		)	(4		)	2			NM		NM
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provisions for Credit Losses and for Benefits and Claims	186			151			121			138			104			(25	)%	(44	)%
Income from Continuing Operations before Taxes	1,303			1,005			1,532			1,244			1,527			23	%	17	%
Income Taxes	439			330			496			410			509			24	%	16	%
Income from Continuing Operations	864			675			1,036			834			1,018			22	%	18	%
Noncontrolling Interests	1			1			1			1			(1		)	NM		NM
Net Income	$	863		$	674		$	1,035		$	833		$	1,019		22	%	18	%
Average Assets (in billions of dollars)	$	320		$	328		$	320		$	314		$	305		(3	)%	(5	)%
Return on Average Assets	1.09		%	0.82		%	1.28		%	1.05		%	1.35		%
Efficiency Ratio	56		%	66		%	54		%	58		%	53		%

Revenue by Business
Retail Banking	$	1,031		$	1,036		$	1,062		$	977		$	1,016		4	%	(1	)%
Citi-Branded Cards	643			678			674			626			575			(8	)%	(11	)%
Global Consumer Banking	1,674			1,714			1,736			1,603			1,591			(1	)%	(5	)%
Institutional Clients Group	1,721			1,669			1,851			1,694			1,897			12	%	10	%
Total	$	3,395		$	3,383		$	3,587		$	3,297		$	3,488		6	%	3	%

CVA/DVA {included as applicable in businesses above}	(23		)	(8		)	(33		)	(10		)	(27		)	NM		(17	)%
Total Revenues - Excluding CVA/DVA (2)	$	3,418		$	3,391		$	3,620		$	3,307		$	3,515		6	%	3	%

Income from Continuing Operations by Business
Retail Banking	$	208		$	53		$	247		$	191		$	230		20	%	11	%
Citi-Branded Cards	145			149			137			117			109			(7	)%	(25	)%
Global Consumer Banking	353			202			384			308			339			10	%	(4	)%
Institutional Clients Group	511			473			652			526			679			29	%	33	%
Total	$	864		$	675		$	1,036		$	834		$	1,018		22	%	18	%

CVA/DVA {included as applicable in businesses above}	(15		)	(5		)	(20		)	(6		)	(17		)	NM		(13	)%
Income (loss) from Continuing Operations - Excluding CVA/DVA (2)	$	879		$	680		$	1,056		$	840		$	1,035		23	%	18	%

(1) Regional results do not include Corporate/Other. See page 18 for Corporate/Other results.

(2) Presentation of this metric excluding CVA/DVA is a non-GAAP financial measure.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITI HOLDINGS

INCOME STATEMENT AND BALANCE SHEET DATA

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14
Revenues
Net interest revenue	$	1,176		$	1,237		$	1,119		$	1,059		$	1,055		—		(10	)%
Non-interest revenue	809			753			951			745			779			5	%	(4	)%
Total revenues, net of interest expense	1,985			1,990			2,070			1,804			1,834			2	%	(8	)%

Provisions for Credit Losses and for Benefits and Claims
Net Credit Losses	573			442			405			417			408			(2	)%	(29	)%
Credit Reserve Build / (Release)	(346		)	(212		)	(135		)	(214		)	(196		)	8	%	43	%
Provision for loan losses	227			230			270			203			212			4	%	(7	)%
Provision for Benefits and Claims	167			156			167			167			169			1	%	1	%
Provision for unfunded lending commitments	(4		)	(3		)	(3		)	—			(5		)	NM		(25	)%
Total provisions for credit losses and for benefits and claims	390			383			434			370			376			2	%	(4	)%

Total operating expenses (1)	2,018			5,022			1,346			1,303			1,157			(11	)%	(43	)%

Income (Loss) from Continuing Operations before Income Taxes	(423		)	(3,415		)	290			131			301			NM		NM
Provision (benefits) for income taxes	(141		)	77			74			47			154			NM		NM

Income (Loss) from Continuing Operations	(282		)	(3,492		)	216			84			147			75	%	NM

Noncontrolling Interests	2			—			4			—			1			100	%	(50	)%
Citi Holding’s Net Income (Loss)	$	(284	)	$	(3,492	)	$	212		$	84		$	146		74	%	NM
Average Assets (in billions of dollars)	$	152		$	148		$	143		$	132		$	125		(5	)%	(18	)%
Return on Average Assets	(0.76		)%	(9.46		)%	0.59		%	0.25		%	0.47		%
Efficiency Ratio	102		%	252		%	65		%	72		%	63		%

Balance Sheet Data (in billions):

Total EOP Assets	$	151		$	148		$	137		$	129		$	122		(5	)%	(19	)%

Total EOP Loans	$	97		$	90		$	85		$	79		$	62		(22	)%	(36	)%

Total EOP Deposits	$	62		$	52		$	45		$	17		$	12		(29	)%	(81	)%

Consumer Net Credit Losses as a % of Average Loans	2.35		%	1.88		%	1.91		%	1.86		%	2.20		%

(1) The second quarter of 2014 results include the impact of a $3.8 billion charge ($3.7 billion after-tax) to settle claims related to legacy residential mortgage-backed securities (RMBS) and collateralized debt obilgations (CDOs) issued, structured or underwritten by Citigroup between 2003 and 2008. For additional information, please see Citigroup’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 14, 2014. The charge consisted of $3.7 billion in legal expenses and a $55 million loan loss reserve build.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITI HOLDINGS

CONSUMER KEY INDICATORS - Page 1

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

CITI HOLDINGS KEY INDICATORS:

Consumer - International (1) (2)

Branches (actual)	247			226			157			153			122			(20	)%	(51	)%

Average Loans (in billions)	$	12.9		$	12.8		$	12.7		$	8.8		$	7.4		(16	)%	(43	)%

EOP Loans:
Real Estate Lending	$	3.7		$	3.6		$	2.6		$	2.4		$	0.9		(63	)%	(76	)%
Cards	6.2			3.8			3.7			3.6			2.1			(42	)%	(66	)%
Commercial Markets	0.8			0.8			0.8			0.8			0.7			(13	)%	(13	)%
Personal and Other	2.3			2.3			2.0			1.2			1.2			—		(48	)%
EOP Loans (in billions of dollars)	$	13.0		$	10.5		$	9.1		$	8.0		$	4.9		(39	)%	(62	)%
Net Interest Revenue	$	300		$	333		$	246		$	195		$	230		18	%	(23	)%
As a % of Average Loans	9.43		%	10.43		%	7.68		%	8.79		%	12.61		%
Net Credit Losses	$	86		$	83		$	64		$	28		$	51		82	%	(41	)%
As a % of Average Loans	2.70		%	2.60		%	2.00		%	1.26		%	2.80		%
Loans 90+ Days Past Due	$	266		$	238		$	111		$	110		$	91		(17	)%	(66	)%
As a % of EOP Loans	2.05		%	2.27		%	1.22		%	1.38		%	1.86		%
Loans 30-89 Days Past Due	$	349		$	330		$	178		$	168		$	142		(15	)%	(59	)%
As a % of EOP Loans	2.68		%	3.14		%	1.96		%	2.10		%	2.90		%

Consumer - North America (2) (3)

Branches (actual)	1,459			1,458			1,455			1,424			278			(80	)%	(81	)%

Average Loans (in billions of dollars)	$	83.8		$	80.8		$	77.1		$	73.9		$	68.9		(7	)%	(18	)%

EOP Loans (in billions of dollars)	$	82.3		$	78.5		$	74.9		$	70.8		$	56.6		(20	)%	(31	)%
Net Interest Revenue	$	862		$	859		$	860		$	860		$	823		(4	)%	(5	)%
As a % of Average Loans	4.17		%	4.26		%	4.43		%	4.62		%	4.84		%
Net Credit Losses	$	474		$	356		$	369		$	359		$	363		1	%	(23	)%
As a % of Average Loans	2.29		%	1.77		%	1.90		%	1.93		%	2.14		%
Loans 90+ Days Past Due	$	2,545		$	2,470		$	2,093		$	1,963		$	1,607		(18	)%	(37	)%
As a % of EOP Loans	3.38		%	3.37		%	2.99		%	2.94		%	2.97		%
Loans 30-89 Days Past Due	$	2,103		$	2,174		$	1,978		$	1,663		$	1,197		(28	)%	(43	)%
As a % of EOP Loans	2.79		%	2.97		%	2.83		%	2.49		%	2.21		%

(1)		Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(2)		The first quarter of 2015 reflects the transfers of loans and branches to held-for-sale (HFS) as a result of the agreement to sell Japan retail banking business (Japan Retail) on December 25, 2014. The first quarter of 2015 reflects the transfers of loans HFS as a result of the agreement to sell the Japan cards business (Japan Cards) on March 30, 2015.
(3)		The first quarter of 2015 reflects the transfers of loans and branches to HFS resulting from the agreement to sell OneMain Financial on March 3, 2015.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

CITI HOLDINGS

CONSUMER KEY INDICATORS - Page 2

(In millions of dollars, except as otherwise noted)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

CITI HOLDINGS KEY INDICATORS:

North America Mortgages

CMI (CitiMortgage)	$	35.0		$	33.3		$	30.9		$	29.1		$	25.9		(11	)%	(26	)%
CFNA (CitiFinancial - North America)	8.8			8.6			8.3			7.9			7.3			(8	)%	(17	)%
Residential First	43.8			41.9			39.2			37.0			33.2			(10	)%	(24	)%
Home Equity	28.2			27.4			26.4			25.3			24.4			(4	)%	(13	)%
Average Loans (in billions of dollars)	$	72.0		$	69.3		$	65.6		$	62.3		$	57.6		(8	)%	(20	)%

CMI	$	34.5		$	31.6		$	29.4		$	26.9		$	22.8		(15	)%	(34	)%
CFNA	8.7			8.4			8.1			7.5			7.0			(7	)%	(20	)%
Residential First	43.2			40.0			37.5			34.4			29.8			(13	)%	(31	)%
Home Equity	27.7			26.9			25.9			24.9			23.8			(4	)%	(14	)%
EOP Loans (in billions of dollars)	$	70.9		$	66.9		$	63.4		$	59.3		$	53.6		(10	)%	(24	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	88.4		$	69.9		$	56.0		$	47.4		$	43.4		(8	)%	(51	)%
Net Servicing & Gain/(Loss) on Sale	$	27.2		$	34.6		$	81.5		$	96.8		$	96.2		(1	)%	NM
Net Interest Revenue on Loans	$	354		$	333		$	311		$	305		$	272		(11	)%	(23	)%
As a % of Avg. Loans	1.99		%	1.93		%	1.88		%	1.94		%	1.92		%

CMI (1)	$	95		$	1		$	54		$	26		$	22		(15	)%	(77	)%
CFNA	95			90			83			91			81			(11	)%	(15	)%
Residential First	$	190		$	91		$	137		$	117		$	103		(12	)%	(46	)%
Home Equity	140			114			98			87			81			(7	)%	(42	)%
Net Credit Losses (NCLs)	$	330		$	205		$	235		$	204		$	184		(10	)%	(44	)%
As a % of Avg. Loans	1.86		%	1.19		%	1.42		%	1.30		%	1.30		%

CMI	$	1,228		$	1,197		$	802		$	642		$	589		(8	)%	(52	)%
CFNA	539			546			543			543			500			(8	)%	(7	)%
Residential First	1,767			1,743			1,345			1,185			1,089			(8	)%	(38	)%
Home Equity	542			517			503			500			484			(3	)%	(11	)%
Loans 90+ Days Past Due (2) (3)	$	2,309		$	2,260		$	1,848		$	1,685		$	1,573		(7	)%	(32	)%
As a % of EOP Loans	3.61		%	3.66		%	3.16		%	3.05		%	3.08		%

CMI	$	1,283		$	1,340		$	1,125		$	831		$	654		(21	)%	(49	)%
CFNA	294			302			300			292			225			(23	)%	(23	)%
Residential First	1,577			1,642			1,425			1,123			879			(22	)%	(44	)%
Home Equity	350			336			334			324			269			(17	)%	(23	)%
Loans 30-89 Days Past Due (2) (3)	$	1,927		$	1,978		$	1,759		$	1,447		$	1,148		(21	)%	(40	)%
As a % of EOP Loans	3.02		%	3.21		%	3.01		%	2.62		%	2.25		%

North America Personal Loans(4)
Average Loans (in billions of dollars)	$	9.2		$	9.1		$	9.2		$	9.3		$	9.1		(2	)%	(1	)%
EOP Loans (in billions of dollars)	$	9.0		$	9.2		$	9.3		$	9.4		$	0.8		(91	)%	(91	)%
Net Interest Revenue on Loans	$	511		$	516		$	531		$	532		$	500		(6	)%	(2	)%
As a % of Avg. Loans	22.53		%	22.74		%	22.90		%	22.70		%	22.28		%
Net Credit Losses	$	140		$	143		$	129		$	154		$	174		13	%	24	%
As a % of Avg. Loans	6.17		%	6.30		%	5.56		%	6.57		%	7.75		%
Loans 90+ Days Past Due	$	218		$	194		$	227		$	264		$	21		(92	)%	(90	)%
As a % of EOP Loans	2.42		%	2.11		%	2.44		%	2.81		%	2.63		%
Loans 30-89 Days Past Due	$	125		$	155		$	178		$	180		$	16		(91	)%	(87	)%
As a % of EOP Loans	1.39		%	1.68		%	1.91		%	1.91		%	2.00		%

(1) The second quarter of 2014 NCLs for CMI Residential First Mortgages includes a $58 million recovery.

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+Days Past Due and (EOP Loans) for each period were $3.0 billion and ($6.1 billion), $2.8 billion and ($5.2 billion), $2.6 billion and ($5.0 billion), $2.2 billion and ($4.0 billion) and $1.8 billion and ($2.5 billion), as of March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.9 billion and ($6.1 billion), $0.7 billion and ($5.2 billion), $0.7 billion and ($5.0 billion), $0.5 billion and ($4.0 billion) and $0.2 billion and ($2.5 billion), as of March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015, respectively.

(3) The March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $0.9 billion, $17 million, $15 million, $14 million and $12 million, respectively, of loans that are carried at fair value.

(4) See footnote on page 24.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

AVERAGE BALANCES AND INTEREST RATES (1)(2)(3)(4)

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
	First		Fourth		First		First		Fourth		First		First		Fourth		First
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2014		2014		2015 (5)		2014		2014		2015 (5)		2014		2014		2015 (5)
Assets:
Deposits with Banks	$	174,916	$	150,534	$	139,173	$	252	$	222	$	183	0.58	%	0.59	%	0.53	%
Fed Funds Sold and Resale Agreements (6)	255,194		250,770		241,179		594		613		642		0.94	%	0.97	%	1.08	%
Trading Account Assets (7)	234,414		232,367		228,259		1,519		1,489		1,434		2.63	%	2.54	%	2.55	%
Investments	307,740		331,036		336,339		1,847		1,892		1,792		2.43	%	2.27	%	2.16	%
Total Loans (net of Unearned Income) (8)	658,706		650,819		634,865		11,186		11,053		10,563		6.89	%	6.74	%	6.75	%
Other Interest-Earning Assets	33,891		44,816		45,501		80		115		110		0.96	%	1.02	%	0.98	%
Total Average Interest-Earning Assets	$	1,664,861	$	1,660,342	$	1,625,316	$	15,478	$	15,384	$	14,724	3.77	%	3.68	%	3.67	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	760,923	$	738,612	$	698,396	$	1,168	$	1,085	$	1,030	0.62	%	0.58	%	0.60	%
Deposit Insurance and FDIC Assessment	—		—		—		281		272		296
Total Deposits	760,923		738,612		698,396		1,449		1,357		1,326		0.77	%	0.73	%	0.77	%
Fed Funds Purchased and Repurchase Agreements (6)	197,146		187,434		177,114		525		422		376		1.08	%	0.89	%	0.86	%
Trading Account Liabilities (7)	72,837		72,055		73,199		41		41		47		0.23	%	0.23	%	0.26	%
Short-Term Borrowings	114,803		118,033		129,138		137		140		120		0.48	%	0.47	%	0.38	%
Long-Term Debt (9)	198,476		201,678		198,562		1,439		1,199		1,160		2.94	%	2.36	%	2.37	%
Total Average Interest-Bearing Liabilities	$	1,344,185	$	1,317,812	$	1,276,409	$	3,591	$	3,159	$	3,029	1.08	%	0.95	%	0.96	%
Total Average Interest-Bearing Liabilities
(excluding deposit insurance and FDIC Assessment)	$	1,344,185	$	1,317,812	$	1,276,409	$	3,310	$	2,887	$	2,733	1.00	%	0.87	%	0.87	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,887	$	12,225	$	11,695	2.90	%	2.92	%	2.92	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	12,168	$	12,497	$	11,991	2.96	%	2.99	%	2.99	%

1Q15 Increase (Decrease) From													2	bps	—	bps

1Q15 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													3	bps	—	bps

(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $128 million for the first quarter of 2014, $125 million for the fourth quarter of 2014 and $124 million for the first quarter of 2015.

(2) Citigroup average balances and interest rates include both domestic and international operations.

(3) Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

(4) Average rate % is calculated as annualized interest over average volumes.

(5) Preliminary.

(6) Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of FIN 41.

(7) Interest expense on trading account liabilities of ICG is reported as a reduction of interest revenue. Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively.

(8) Nonperforming loans are included in the average loan balances.

(9) Excludes hybrid financial instruments with changes recorded in Principal Transactions.

Reclassified to conform to the current period’s presentation and has been reclassified to exclude Discontinued operations.

DEPOSITS

(In billions of dollars)

															1Q15 Increase
	1Q			2Q			3Q			4Q			1Q		(Decrease) from
	2014			2014			2014			2014			2015		4Q14		1Q14

Citicorp Deposits by Business

Global Consumer Banking
North America	$	172.6		$	170.6		$	171.7		$	171.4		$	172.6	1	%	—
Latin America	46.1			46.3			44.0			43.7			42.0		(4	)%	(9	)%
Asia (1)	90.9			93.1			90.5			89.2			89.7		1	%	(1	)%
Total	$	309.6		$	310.0		$	306.2		$	304.3		$	304.3	—		(2	)%

ICG
North America	$	179.9		$	176.1		$	176.6		$	193.1		$	196.1	2	%	9	%
EMEA	184.9			186.4			179.6			164.5			167.2		2	%	(10	)%
Latin America	65.2			64.6			62.3			56.3			60.2		7	%	(8	)%
Asia	138.6			144.8			144.4			141.5			147.6		4	%	6	%
Total	$	568.6		$	571.9		$	562.9		$	555.4		$	571.1	3	%	—

Corporate/Other	$	26.1		$	31.4		$	29.0		$	22.8		$	12.3	(46	)%	(53	)%

Total Citicorp	$	904.3		$	913.3		$	898.1		$	882.5		$	887.7	1	%	(2	)%

Total Citi Holdings (2)	$	62.0		$	52.4		$	44.6		$	16.8		$	11.9	(29	)%	(81	)%

Total Citigroup Deposits - EOP	$	966.3		$	965.7		$	942.7		$	899.3		$	899.6	—		(7	)%

Total Citigroup Deposits - Average	$	957.4		$	959.5		$	954.2		$	938.7		$	899.5	(4	)%	(6	)%

FX Translation Impact:
Total Citigroup EOP Deposits - as Reported	$	966.3		$	965.7		$	942.7		$	899.3		$	899.6	—		(7	)%
Impact of FX Translation (3)	(42.4		)	(45.8		)	(29.8		)	(13.7		)	—
Total Citigroup EOP Deposits - Ex-FX (4)	$	923.9		$	919.9		$	912.9		$	885.6		$	899.6	2	%	(3	)%

(1) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) See footnote 4 on page 1.

(3) Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the first quarter of 2015 average exchange rates for all periods presented.

(4) Presentation of this metric excluding FX translation is a non-GAAP financial measure.

Reclassified to conform to the current period’s presentation.

EOP LOANS (1) - Page 1

CITICORP

(In billions of dollars)

															1Q15 Increase
	1Q			2Q			3Q			4Q			1Q		(Decrease) from
	2014			2014			2014			2014			2015		4Q14		1Q14

Citicorp:
Global Consumer Banking

North America
Credit Cards	$	109.1		$	110.4		$	109.5		$	114.0		$	105.9	(7	)%	(3	)%
Retail Banking	45.0			46.2			47.5			46.8			47.8		2	%	6	%
Total	$	154.1		$	156.6		$	157.0		$	160.8		$	153.7	(4	)%	—

Latin America
Credit Cards	$	10.2		$	10.1		$	9.8		$	9.3		$	8.5	(9	)%	(17	)%
Retail Banking	28.7			29.2			28.2			26.2			25.6		(2	)%	(11	)%
Total	$	38.9		$	39.3		$	38.0		$	35.5		$	34.1	(4	)%	(12	)%

Asia (1)
Credit Cards	$	18.8		$	19.6		$	18.8		$	18.6		$	17.8	(4	)%	(5	)%
Retail Banking	77.1			79.5			78.2			76.2			74.5		(2	)%	(3	)%
Total	$	95.9		$	99.1		$	97.0		$	94.8		$	92.3	(3	)%	(4	)%

Total Consumer Loans
Credit Cards	$	138.1		$	140.1		$	138.1		$	141.9		$	132.2	(7	)%	(4	)%
Retail Banking	150.8			154.9			153.9			149.2			147.9		(1	)%	(2	)%
Total Consumer	$	288.9		$	295.0		$	292.0		$	291.1		$	280.1	(4	)%	(3	)%

Total Corporate Loans
North America	$	107.3		$	108.9		$	114.5		$	117.7		$	120.1	2	%	12	%
EMEA	60.4			61.0			57.1			55.9			58.3		4	%	(3	)%
Latin America	41.4			41.0			38.8			37.9			38.1		1	%	(8	)%
Asia	69.4			71.7			66.6			62.8			62.6		—		(10	)%
Total Corporate Loans	$	278.5		$	282.6		$	277.0		$	274.3		$	279.1	2	%	—

Total Citicorp	$	567.4		$	577.6		$	569.0		$	565.4		$	559.2	(1	)%	(1	)%

FX Translation Impact:
Total Citicorp EOP Loans - as Reported	$	567.4		$	577.6		$	569.0		$	565.4		$	559.2	(1	)%	(1	)%
Impact of FX Translation (2)	(21.8		)	(24.9		)	(16.7		)	(7.3		)	—
Total Citicorp EOP Loans - Ex-FX (3)	$	545.6		$	552.7		$	552.3		$	558.1		$	559.2	—		2	%

Note: Certain small balance consumer loans included in the above lines are classified as Corporate Loans on the Consolidated Balance Sheet.

(1) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the first quarter of 2015 average exchange rates for all periods presented.

(3) Presentation of this metric excluding FX translation is a non-GAAP financial measure.

Reclassified to conform to the current period’s presentation.

EOP LOANS - Page 2

CITI HOLDINGS AND TOTAL CITIGROUP

(In billions of dollars)

															1Q15 Increase
	1Q			2Q			3Q			4Q			1Q		(Decrease) from
	2014			2014			2014			2014			2015		4Q14		1Q14

Citi Holdings:

Consumer - North America
Mortgages	70.9			66.9			63.4			59.3			53.6		(10	)%	(24	)%
Personal Loans	9.0			9.2			9.3			9.4			0.8		(91	)%	(91	)%
Other	2.4			2.4			2.2			2.1			2.2		5	%	(8	)%
Total	$	82.3		$	78.5		$	74.9		$	70.8		$	56.6	(20	)%	(31	)%

Consumer - International
Credit Cards	$	6.2		$	3.8		$	3.7		$	3.6		$	2.1	(42	)%	(66	)%
REL, Personal & Other	6.8			6.7			5.4			4.4			2.8		(36	)%	(59	)%
Total	$	13.0		$	10.5		$	9.1		$	8.0		$	4.9	(39	)%	(62	)%

Citi Holdings - Other	1.5			0.9			0.8			0.4			0.4		—		(73	)%

Total Citi Holdings	$	96.8		$	89.9		$	84.8		$	79.2		$	61.9	(22	)%	(36	)%

Total Citigroup	$	664.2		$	667.5		$	653.8		$	644.6		$	621.1	(4	)%	(6	)%

Consumer Loans	$	384.7		$	384.3		$	376.3		$	370.0		$	341.7	(8	)%	(11	)%
Corporate Loans	279.5			283.2			277.5			274.6			279.3		2	%	—
Total Citigroup	$	664.2		$	667.5		$	653.8		$	644.6		$	621.0	(4	)%	(7	)%

FX Translation Impact:
Total Citigroup EOP Loans - as Reported	$	664.2		$	667.5		$	653.8		$	644.6		$	621.0	(4	)%	(7	)%
Impact of FX Translation (1)	(23.6		)	(26.4		)	(17.5		)	(7.4		)	—
Total Citigroup EOP Loans - Ex-FX (2)	$	640.6		$	641.1		$	636.3		$	637.2		$	621.0	(3	)%	(3	)%

Note: Certain small balance consumer loans included in the above lines are classified as Corporate Loans on the Consolidated Balance Sheet.

(1) Reflects the impact of foreign exchange (FX) translation into U.S. Dollars at the first quarter of 2015 average exchange rates for all periods presented.

(2) Presentation of this metric excluding FX translation is a non-GAAP financial measure.

Reclassified to conform to the current period’s presentation.

SUPPLEMENTAL DETAIL

CONSUMER LOANS 90+DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 90+ Days Past Due (1)															EOP Loans
	1Q			2Q			3Q			4Q			1Q			1Q
	2014			2014			2014			2014			2015			2015

Citicorp (2)
Total	$	2,812		$	2,704		$	2,654		$	2,566		$	2,245		$	280.1
*Ratio*	0.98		%	0.92		%	0.91		%	0.88		%	0.80		%

Retail Bank (2)
Total	$	968		$	989		$	964		$	816		$	617		$	147.9
Ratio	0.65		%	0.64		%	0.63		%	0.55		%	0.42		%
North America (2)	$	243		$	227		$	229		$	225		$	123		$	47.8
Ratio	0.55		%	0.50		%	0.49		%	0.49		%	0.26		%
Latin America (3)	$	516		$	540		$	515		$	397		$	306		$	25.6
Ratio (3)	1.80		%	1.85		%	1.83		%	1.52		%	1.20		%
Asia (4)	$	209		$	222		$	220		$	194		$	188		$	74.5
Ratio	0.27		%	0.28		%	0.28		%	0.25		%	0.25		%

Cards
Total	$	1,844		$	1,715		$	1,690		$	1,750		$	1,628		$	132.2
Ratio	1.34		%	1.22		%	1.22		%	1.23		%	1.23		%
North America - Citi-Branded	$	648		$	583		$	559		$	593		$	569		$	63.5
Ratio	0.97		%	0.87		%	0.84		%	0.88		%	0.90		%
North America - Retail Services	$	689		$	606		$	630		$	678		$	629		$	42.4
Ratio	1.63		%	1.41		%	1.47		%	1.46		%	1.48		%
Latin America	$	293		$	303		$	294		$	284		$	240		$	8.5
Ratio	2.87		%	3.00		%	3.00		%	3.05		%	2.82		%
Asia (4)	$	214		$	223		$	207		$	195		$	190		$	17.8
Ratio	1.14		%	1.14		%	1.10		%	1.05		%	1.07		%

Citi Holdings - Consumer (2) (5)	$	2,811		$	2,708		$	2,204		$	2,073		$	1,698		$	61.5
*Ratio*	3.18		%	3.23		%	2.79		%	2.77		%	2.88		%
International	$	266		$	238		$	111		$	110		$	91		$	4.9
Ratio	2.05		%	2.27		%	1.22		%	1.38		%	1.86		%
North America (2) (5)	$	2,545		$	2,470		$	2,093		$	1,963		$	1,607		$	56.6
Ratio	3.38		%	3.37		%	2.99		%	2.94		%	2.97		%
Other (6)																$	0.1

Total Citigroup (2) (5)	$	5,623		$	5,412		$	4,858		$	4,639		$	3,943		$	341.7
Ratio	1.50		%	1.43		%	1.31		%	1.27		%	1.17		%

(1) The ratio of 90+ Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2) The 90+ Days Past Due and related ratios for North America Consumer Banking and Citi Holdings North America Mortgages excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 1 on page 10 and footnote 2 on page 25.

(3) See footnote 3 on page 8.

(4) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(5) The March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $0.9 billion, $17 million, $15 million, $14 million and $12 million, respectively, of loans that are carried at fair value.

(6) Represents loans classified as Consumer loans on the Consolidated Balance Sheet that are not included in the Citi Holdings Consumer credit metrics.

Reclassified to conform to the current period’s presentation.

SUPPLEMENTAL DETAIL

CONSUMER LOANS 30-89 DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 30-89 Days Past Due (1)															EOP Loans
	1Q			2Q			3Q			4Q			1Q			1Q
	2014			2014			2014			2014			2015			2015

Citicorp (2)
Total	$	2,860		$	2,815		$	2,806		$	2,688		$	2,511		$	280.1
*Ratio*	0.99		%	0.96		%	0.96		%	0.93		%	0.90		%

Retail Bank (2)
Total	$	925		$	965		$	912		$	854		$	845		$	147.9
Ratio	0.62		%	0.63		%	0.60		%	0.58		%	0.58		%
North America (2)	$	177		$	203		$	213		$	212		$	203		$	47.8
Ratio	0.40		%	0.45		%	0.46		%	0.46		%	0.43		%
Latin America	$	340		$	344		$	302		$	290		$	282		$	25.6
Ratio	1.18		%	1.18		%	1.07		%	1.11		%	1.10		%
Asia (3)	$	408		$	418		$	397		$	352		$	360		$	74.5
Ratio	0.53		%	0.53		%	0.51		%	0.46		%	0.48		%

Cards
Total	$	1,935		$	1,850		$	1,894		$	1,834		$	1,666		$	132.2
Ratio	1.40		%	1.32		%	1.37		%	1.29		%	1.26		%
North America - Citi-Branded	$	599		$	540		$	566		$	568		$	497		$	63.5
Ratio	0.90		%	0.80		%	0.85		%	0.84		%	0.78		%
North America - Retail Services	$	725		$	683		$	729		$	748		$	673		$	42.4
Ratio	1.71		%	1.58		%	1.70		%	1.61		%	1.59		%
Latin America	$	321		$	326		$	322		$	262		$	247		$	8.5
Ratio	3.15		%	3.23		%	3.29		%	2.82		%	2.91		%
Asia (3)	$	290		$	301		$	277		$	256		$	249		$	17.8
Ratio	1.54		%	1.54		%	1.47		%	1.38		%	1.40		%

Citi Holdings - Consumer (2) (4)	$	2,452		$	2,504		$	2,156		$	1,831		$	1,339		$	61.5
*Ratio*	2.78		%	2.99		%	2.73		%	2.45		%	2.27		%
International	$	349		$	330		$	178		$	168		$	142		$	4.9
Ratio	2.68		%	3.14		%	1.96		%	2.10		%	2.90		%
North America (2) (4)	$	2,103		$	2,174		$	1,978		$	1,663		$	1,197		$	56.6
Ratio	2.79		%	2.97		%	2.83		%	2.49		%	2.21		%
Other (5)																$	0.1

Total Citigroup (2) (4)	$	5,312		$	5,319		$	4,962		$	4,519		$	3,850		$	341.7
Ratio	1.41		%	1.41		%	1.34		%	1.24		%	1.14		%

(1) The ratio of 30-89 Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2) The 30-89 Days Past Due and related ratios for North America Consumer Banking and North America Local Consumer Lending excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 1 on page 10 and footnote 2 on page 25.

(3) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(4) The March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $0.9 billion, $17 million, $15 million, $14 million and $12 million, respectively, of loans that are carried at fair value.

(5) Represents loans classified as Consumer loans on the Consolidated Balance Sheet that are not included in the Citi Holdings Consumer credit metrics.

Reclassified to conform to the current period’s presentation.

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

TOTAL CITIGROUP

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	19,648		$	18,923		$	17,890		$	16,915		$	15,994

Gross Credit (Losses)	(2,983		)	(2,812		)	(2,586		)	(2,727		)	(2,458		)	10	%	18	%
Gross Recoveries	544			623			489			479			501			5	%	(8	)%
Net Credit (Losses) / Recoveries (NCLs)	(2,439		)	(2,189		)	(2,097		)	(2,248		)	(1,957		)	13	%	20	%
NCLs	2,439			2,189			2,097			2,248			1,957			(13	)%	(20	)%
Net Reserve Builds / (Releases)	(560		)	(521		)	(492		)	(306		)	(91		)	70	%	84	%
Net Specific Reserve Builds / (Releases)	(86		)	(89		)	(30		)	(61		)	(111		)	(82	)%	(29	)%
Provision for Loan Losses	1,793			1,579			1,575			1,881			1,755			(7	)%	(2	)%
Other (2) (3) (4) (5) (6) (7)	(79		)	(423		)	(453		)	(554		)	(1,194		)	NM		NM
Allowance for Loan Losses at End of Period (1) (a)	$	18,923		$	17,890		$	16,915		$	15,994		$	14,598

Allowance for Unfunded Lending Commitments (8) (a)	$	1,202		$	1,176		$	1,140		$	1,063		$	1,023

Provision for Unfunded Lending Commitments	$	(27	)	$	(31	)	$	(30	)	$	(74	)	$	(37	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	20,125		$	19,066		$	18,055		$	17,057		$	15,621

Total Allowance for Loan Losses as a Percentage of Total Loans (9)	2.87		%	2.70		%	2.60		%	2.50		%	2.38		%

Allowance for Loan Losses at End of Period (1):
Citicorp	$	12,524		$	12,139		$	11,582		$	11,142		$	10,976
Citi Holdings	6,399			5,751			5,333			4,852			3,622
Total Citigroup	$	18,923		$	17,890		$	16,915		$	15,994		$	14,598

(1) Allowance for credit losses represents management’s estimate of probable losses inherent in the portfolio. Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio.

(2) Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, securitizations, foreign currency translation, purchase accounting adjustments, etc.

(3) The first quarter of 2014 includes a reduction of approximately $79 million related to the sale or transfers to held-for-sale of (HFS) various loan portfolios.

(4) The second quarter of 2014 includes a reduction of approximately $480 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of approximately $204 million, $177 million and $29 million related to the transfers to HFS of businesses in Greece, Spain and Honduras, and $66 million related to a transfer of a real estate loan portfolio to HFS. These amounts are partially offset by foreign currency translation on the entire allowance balance.

(5) The third quarter of 2014 includes a reduction of approximately $259 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $151 million related to a transfer of a real estate loan portfolio to HFS and a reduction of approximately $108 million related to the transfer of various EMEA loan portfolios to HFS. Additionally, the third quarter includes a reduction of approximately $181 million related to foreign currency translation.

(6) The fourth quarter of 2014 includes a reduction of approximately $250 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $194 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a reduction of approximately $282 million related to foreign currency translation.

(7) The first quarter of 2015 includes a reduction of approximately $1,032 million related to the sale or transfers to held-for-sale of various loan portfolios, including a reduction of $281 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the first quarter includes a reduction of approximately $145 million related to foreign currency translation.

(8) Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(9) March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015 exclude $5.7 billion, $4.8 billion, $4.4 billion, $5.9 billion and $6.6 billion, respectively, of loans which are carried at fair value.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

ALLOWANCE FOR CREDIT LOSSES - PAGE 2

TOTAL CITIGROUP

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Total Citigroup Consumer Loans
Allowance for Loan Losses at Beginning of Period (1)	$	17,064		$	16,451		$	15,520		$	14,575		$	13,605

Net Credit Losses (NCLs)	(2,294		)	(2,178		)	(2,115		)	(2,098		)	(1,966		)	6	%	14	%
NCLs	2,294			2,178			2,115			2,098			1,966			(6	)%	(14	)%
Net Reserve Builds / (Releases)	(459		)	(495		)	(393		)	(399		)	(191		)	52	%	58	%
Net Specific Reserve Builds / (Releases)	(76		)	(14		)	(117		)	(39		)	(114		)	NM		(50	)%
Provision for Loan Losses	1,759			1,669			1,605			1,660			1,661			—		(6	)%
Other (2) (3) (4) (5) (6) (7)	(78		)	(422		)	(435		)	(532		)	(1,178		)	NM		NM
Allowance for Loan Losses at End of Period (1) (a)	$	16,451		$	15,520		$	14,575		$	13,605		$	12,122

Consumer Allowance for Unfunded Lending Commitments (8) (a)	$	62		$	64		$	55		$	36		$	32

Provision for Unfunded Lending Commitments	$	(2	)	$	(3	)	$	(2	)	$	(15	)	$	(4	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	16,513		$	15,584		$	14,630		$	13,641		$	12,154

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	4.29		%	4.04		%	3.87		%	3.68		%	3.55		%

Total Citigroup Corporate Loans
Allowance for Loan Losses at Beginning of Period (1)	$	2,584		$	2,472		$	2,370		$	2,340		$	2,389

Net Credit (Losses) / Recoveries (NCL’s)	(145		)	(11		)	18			(150		)	9			NM		NM
NCLs	145			11			(18		)	150			(9		)	NM		NM
Net Reserve Builds / (Releases)	(101		)	(26		)	(99		)	93			100			8	%	NM
Net Specific Reserve Builds / (Releases)	(10		)	(75		)	87			(22		)	3			NM		NM
Provision for Loan Losses	34			(90		)	(30		)	221			94			(57	)%	NM
Other (2)	(1		)	(1		)	(18		)	(22		)	(16		)
Allowance for Loan Losses at End of Period (1) (b)	$	2,472		$	2,370		$	2,340		$	2,389		$	2,476

Corporate Allowance for Unfunded Lending Commitments (8) (b)	$	1,140		$	1,112		$	1,085		$	1,027		$	991

Provision for Unfunded Lending Commitments	$	(25	)	$	(28	)	$	(28	)	$	(59	)	$	(33	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	3,612		$	3,482		$	3,425		$	3,416		$	3,467

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.90		%	0.85		%	0.86		%	0.89		%	0.91		%

Footnotes to these tables are on the following page (page 34).

ALLOWANCE FOR CREDIT LOSSES - PAGE 3

TOTAL CITIGROUP

The following footnotes relate to the tables on the prior page (page 33).

(3) The first quarter of 2014 includes a reduction of approximately $79 million related to the sale or transfers to held-for-sale of (HFS) various loan portfolios.

(8) Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(9) March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015 exclude $0.9 billion, $46 million, $45 million, $43 million and $38 million, respectively, of loans which are carried at fair value.

(10) March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015 exclude $4.8 billion, $4.8 billion, $4.4 billion, $5.9 billion and $6.5 billion, respectively, of loans which are carried at fair value.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 1

CITICORP

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Citicorp
Net Credit Losses	$	1,866		$	1,747		$	1,692		$	1,831		$	1,549		(15	)%	(17	)%
Credit Reserve Build / (Release)	(300		)	(398		)	(387		)	(153		)	(6		)	96	%	98	%
Global Consumer Banking
Net Credit Losses	1,732			1,738			1,680			1,710			1,551			(9	)%	(10	)%
Credit Reserve Build / (Release)	(213		)	(302		)	(379		)	(254		)	(113		)	56	%	47	%
North America Regional Consumer Banking
Net Credit Losses	1,102			1,072			1,019			1,013			961			(5	)%	(13	)%
Credit Reserve Build / (Release)	(271		)	(397		)	(341		)	(233		)	(100		)	57	%	63	%
Retail Banking
Net Credit Losses	34			37			36			36			36			—		6	%
Credit Reserve Build / (Release)	(4		)	(28		)	(11		)	28			18			(36	)%	NM
Citi-Branded Cards
Net Credit Losses	587			570			526			514			492			(4	)%	(16	)%
Credit Reserve Build / (Release)	(188		)	(223		)	(212		)	(220		)	(119		)	46	%	37	%
Citi Retail Services
Net Credit Losses	481			465			457			463			433			(6	)%	(10	)%
Credit Reserve Build / (Release)	(79		)	(146		)	(118		)	(41		)	1			NM		NM
Latin America Regional Consumer Banking
Net Credit Losses	436			454			460			511			417			(18	)%	(4	)%
Credit Reserve Build / (Release)	51			109			(4		)	(36		)	22			NM		(57	)%
Retail Banking
Net Credit Losses	208			211			210			278			188			(32	)%	(10	)%
Credit Reserve Build / (Release)	6			16			2			(37		)	24			NM		NM
Citi-Branded Cards
Net Credit Losses	228			243			250			233			229			(2	)%	—
Credit Reserve Build / (Release)	45			93			(6		)	1			(2		)	NM		NM
Asia Regional Consumer Banking (1)
Net Credit Losses	194			212			201			186			173			(7	)%	(11	)%
Credit Reserve Build / (Release)	7			(14		)	(34		)	15			(35		)	NM		NM
Retail Banking
Net Credit Losses	80			83			79			74			70			(5	)%	(13	)%
Credit Reserve Build / (Release)	13			(7		)	(25		)	—			(14		)	NM		NM
Citi-Branded Cards
Net Credit Losses	114			129			122			112			103			(8	)%	(10	)%
Credit Reserve Build / (Release)	(6		)	(7		)	(9		)	15			(21		)	NM		NM

Institutional Clients Group (ICG)
Net Credit Losses	134			9			12			121			(2		)	NM		NM
Credit Reserve Build / (Release)	(87		)	(96		)	(8		)	101			107			6	%	NM

Corporate / Other
Net Credit Losses	—			—			—			—			—			—		—
Credit Reserve Build / (Release)	—			—			—			—			—			—		—

Total Citicorp Provision for Loan Losses	$	1,566		$	1,349		$	1,305		$	1,678		$	1,543		(8	)%	(1	)%

(1) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 2

CITI HOLDINGS / TOTAL CITIGROUP

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14
Citi Holdings
Net Credit Losses	$	573		$	442		$	405		$	417		$	408		(2	)%	(29	)%
Credit Reserve Build / (Release)	(346		)	(212		)	(135		)	(214		)	(196		)	8	%	43	%

Total Citi Holdings Provision for Loan Losses	$	227		$	230		$	270		$	203		$	212		4	%	(7	)%

Total Citicorp Provision for Loan Losses (from prior page)	$	1,566		$	1,349		$	1,305		$	1,678		$	1,543		(8	)%	(1	)%

Total Citigroup Provision for Loan Losses	$	1,793		$	1,579		$	1,575		$	1,881		$	1,755		(7	)%	(2	)%

Reclassified to conform to the current period’s presentation.

NON-ACCRUAL ASSETS - PAGE 1

TOTAL CITIGROUP

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	689		$	367		$	365		$	321		$	347		8	%	(50	)%
EMEA	461			363			322			267			287			7	%	(38	)%
Latin America	186			288			481			416			376			(10	)%	NM
Asia	284			200			182			179			151			(16	)%	(47	)%
Total	$	1,620		$	1,218		$	1,350		$	1,183		$	1,161		(2	)%	(28	)%

Consumer Non-Accrual Loans By Region (2) (3)
North America	$	5,139		$	4,915		$	4,546		$	4,412		$	4,192		(5	)%	(18	)%
Latin America	1,466			1,386			1,364			1,188			1,086			(9	)%	(26	)%
Asia (4)	423			415			362			324			315			(3	)%	(26	)%
Total	$	7,028		$	6,716		$	6,272		$	5,924		$	5,593		(6	)%	(20	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

ICG	$	25		$	23		$	20		$	31		$	28		(10	)%	12	%
Global Consumer Banking	50			52			46			45			54			20	%	8	%
Citi Holdings	314			306			296			168			172			2	%	(45	)%
Corporate/Other	21			20			20			16			21			31	%	—

TOTAL OTHER REAL ESTATE OWNED (OREO) (5)	$	410		$	401		$	382		$	260		$	275		6	%	(33	)%

OREO By Region:
North America	$	305		$	293		$	303		$	195		$	221		13	%	(28	)%
EMEA	50			44			18			8			1			(88	)%	(98	)%
Latin America	50			49			49			47			48			2	%	(4	)%
Asia	5			15			12			10			5			(50	)%	—
Total	$	410		$	401		$	382		$	260		$	275		6	%	(33	)%

Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	1,620		$	1,218		$	1,350		$	1,183		$	1,161		(2	)%	(28	)%
Consumer Non-Accrual Loans	7,028			6,716			6,272			5,924			5,593			(6	)%	(20	)%
Non-Accrual Loans (NAL)	8,648			7,934			7,622			7,107			6,754			(5	)%	(22	)%
OREO	410			401			382			260			275			6	%	(33	)%
Non-Accrual Assets (NAA)	$	9,058		$	8,335		$	8,004		$	7,367		$	7,029		(5	)%	(22	)%

NAL as a % of Total Loans	1.30		%	1.19		%	1.17		%	1.10		%	1.09		%
NAA as a % of Total Assets	0.48		%	0.44		%	0.43		%	0.40		%	0.38		%

Allowance for Loan Losses as a % of NAL	219		%	225		%	222		%	225		%	216		%

(1) Corporate loans are placed on non-accrual status based upon a review by Citigroup’s risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans: Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans.

(2) The first quarter of 2015 reflects the transfers of non accrual loans to HFS resulting from the agreements to sell OneMain Financial, Japan Retail and Japan Cards.

(3) Excludes SOP 3-03 purchased distressed loans.

(4) Beginning in the first quarter of 2015, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(5) Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral. Also includes former premises and property for use that is no longer contemplated.

(6) There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

NON-ACCRUAL ASSETS - PAGE 2

CITICORP

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	672		$	352		$	353		$	307		$	334		9	%	(50	)%
EMEA	396			319			281			228			250			10	%	(37	)%
Latin America	185			287			480			415			375			(10	)%	NM
Asia	275			193			176			176			149			(15	)%	(46	)%
Total	$	1,528		$	1,151		$	1,290		$	1,126		$	1,108		(2	)%	(27	)%

Consumer Non-Accrual Loans By Region (2) (3)
North America	$	524		$	429		$	440		$	465		$	351		(25	)%	(33	)%
Latin America	1,412			1,335			1,311			1,134			1,043			(8	)%	(26	)%
Asia (3)	287			312			317			286			287			—		—
Total	$	2,223		$	2,076		$	2,068		$	1,885		$	1,681		(11	)%	(24	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

ICG	$	25		$	23		$	20		$	31		$	28		(10	)%	12	%
Global Consumer Banking	50			52			46			45			54			20	%	8	%
Corporate/Other	21			20			20			16			21			31	%	—

TOTAL OTHER REAL ESTATE OWNED (OREO) (5)	$	96		$	95		$	86		$	92		$	103		12	%	7	%

OREO By Region:
North America	$	32		$	22		$	24		$	35		$	54		54	%	69	%
EMEA	16			16			6			6			1			(83	)%	(94	)%
Latin America	43			42			44			41			43			5	%	—
Asia	5			15			12			10			5			(50	)%	—
Total	$	96		$	95		$	86		$	92		$	103		12	%	7	%

Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	1,528		$	1,151		$	1,290		$	1,126		$	1,108		(2	)%	(27	)%
Consumer Non-Accrual Loans	2,223			2,076			2,068			1,885			1,681			(11	)%	(24	)%
Non-Accrual Loans (NAL)	3,751			3,227			3,358			3,011			2,789			(7	)%	(26	)%
OREO	96			95			86			92			103			12	%	7	%
Non-Accrual Assets (NAA)	$	3,847		$	3,322		$	3,444		$	3,103		$	2,892		(7	)%	(25	)%

NAA as a % of Total Assets	0.22		%	0.19		%	0.20		%	0.18		%	0.17		%

Allowance for Loan Losses as a % of NAL	334		%	376		%	345		%	370		%	394		%

See Notes (1) - (6) on page 37.

NM Not meaningful

Reclassified to conform to the current period’s presentation.

NON-ACCRUAL ASSETS - PAGE 3

CITI HOLDINGS

(In millions of dollars)

																1Q15 Increase
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2014			2014			2014			2014			2015			4Q14		1Q14

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	17		$	15		$	12		$	14		$	13		(7	)%	(24	)%
EMEA	65			44			41			39			37			(5	)%	(43	)%
Latin America	1			1			1			1			1			—		—
Asia	9			7			6			3			2			(33	)%	(78	)%
Total	$	92		$	67		$	60		$	57		$	53		(7	)%	(42	)%

Consumer Non-Accrual Loans By Region (2) (3)
North America	$	4,615		$	4,486		$	4,106		$	3,947		$	3,841		(3	)%	(17	)%
Latin America	54			51			53			54			43			(20	)%	(20	)%
Asia (4)	136			103			45			38			28			(26	)%	(79	)%
Total	$	4,805		$	4,640		$	4,204		$	4,039		$	3,912		(3	)%	(19	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

OREO By Region (5):
North America	$	273		$	271		$	279		$	160		$	167		4	%	(39	)%
EMEA	34			28			12			2			—			(100	)%	(100	)%
Latin America	7			7			5			6			5			(17	)%	(29	)%
Asia	—			—			—			—			—			—		—
Total	$	314		$	306		$	296		$	168		$	172		2	%	(45	)%

Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	92		$	67		$	60		$	57		$	53		(7	)%	(42	)%
Consumer Non-Accrual Loans	4,805			4,640			4,204			4,039			3,912			(3	)%	(19	)%
Non-Accrual Loans (NAL)	4,897			4,707			4,264			4,096			3,965			(3	)%	(19	)%
OREO	314			306			296			168			172			2	%	(45	)%
Non-Accrual Assets (NAA)	$	5,211		$	5,013		$	4,560		$	4,264		$	4,137		(3	)%	(21	)%

NAA as a % of Total Assets	3.45		%	3.39		%	3.33		%	3.31		%	3.39		%

Allowance for Loan Losses as a % of NAL	131		%	122		%	125		%	118		%	91		%

See Notes (1) - (6) on page 37.

Reclassified to conform to the current period’s presentation.

CITIGROUP

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(In millions of dollars, except per share amounts and ratios)

Tangible Common Equity and Tangible Book Value Per Share

Tangible Common Equity (TCE) and Tangible Book Value Per Share are non-GAAP financial measures. A reconciliation of TCE and Tangible Book Value Per Share to reported results follows:

	March 31,		June 30,		September 30,		December 31,		March 31,
	2014		2014		2014		2014		2015 (1)

Tangible Book Value Per Share (on page 1):

Common Equity	$	200,898	$	202,048	$	202,960	$	199,717	$	202,652
Less:
Goodwill	25,008		25,087		24,500		23,592		23,150
Intangible assets (other than MSRs)	4,891		4,702		4,525		4,566		4,244

Goodwill related to assets held-for-sale	—		116		—		71		174

Intangible assets (other than MSRs) related to assets held-for-sale	—		—		—		—		123
Tangible Common Equity (TCE)	$	170,999	$	172,143	$	173,935	$	171,488	$	174,961
Common Shares Outstanding at quarter-end (CSO)	3,037.8		3,031.8		3,029.5		3,023.9		3,034.1
Tangible Book Value Per Share (TCE/CSO)	$	56.29	$	56.78	$	57.41	$	56.71	$	57.66

	March 31,			June 30,			September 30,			December 31,			March 31,
	2014			2014			2014			2014			2015 (1)
Common Equity Tier 1 Capital Ratio and Components

Citigroup Common Stockholders’ Equity(2)	$	201,003		$	202,165		$	203,077		$	199,841		$	202,782
Add: Qualifying noncontrolling interests	177			183			172			165			146
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(3)	(1,127		)	(1,007		)	(979		)	(909		)	(823		)
Cumulative unrealized net gain related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(4)	170			116			193			279			332
Intangible Assets:
Goodwill, net of related deferred tax liabilities(5)	24,314			24,465			23,678			22,805			22,448
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related deferred tax liabilities	4,692			4,506			4,307			4,373			4,184
Defined benefit pension plan net assets	1,178			1,066			1,179			936			897
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards, and excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(6)	40,268			37,864			36,324			35,925			33,945

Common Equity Tier 1 Capital (CET1)	$	131,685		$	135,338		$	138,547		$	136,597		$	141,945

Risk-Weighted Assets (RWA)	$	1,260,133		$	1,280,845		$	1,301,660		$	1,292,605		$	1,288,104

Common Equity Tier 1 Capital Ratio (CET1/RWA)	10.45		%	10.57		%	10.64		%	10.57		%	11.0		%

(1) Preliminary.

(2) Excludes issuance costs related to preferred stock outstanding in accordance with Federal Reserve Board regulatory reporting requirements.

(3) Citi’s Common Equity Tier 1 Capital is adjusted for accumulated net unrealized gains (losses) on cash flow hedges included in accumulated other comprehensive income that relate to the hedging of items not recognized at fair value on the balance sheet.

(4) The cumulative impact of changes in Citigroup’s own creditworthiness in valuing liabilities for which the fair value option has been elected and own-credit valuation adjustments on derivatives are excluded from Common Equity Tier 1 Capital.

(5) Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(6) Aside from MSRs, reflects other DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions.

Reclassified to conform to the current period’s presentation.

CITIGROUP INC - FORM 8-K - EX-99.2 - April 16, 2015

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