CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

file	filename
8-K - 8-K - CITIGROUP INC	a16-19824_18k.htm
EX-99.1 - EX-99.1 - CITIGROUP INC	a16-19824_1ex99d1.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

3Q16

	Page
Citigroup Consolidated
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Segment Detail
Net Revenues	4
Income & Citicorp Regional Average Assets and ROA	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

Citi Holdings
Income Statement and Balance Sheet Data	19
Consumer Key Indicators	20 - 21

Citigroup Supplemental Detail
Average Balances and Interest Rates	22
Deposits	23
Loans
Citicorp	24
Citi Holdings / Total Citigroup	25
Consumer Loan Delinquency Amounts and Ratios
90+ Days	26
30-89 Days	27
Allowance for Credit Losses
Total Citigroup	28
Consumer and Corporate	29 - 30
Components of Provision for Loan Losses
Citicorp	31
Citi Holdings / Total Citigroup	32
Non-Accrual Assets
Total Citigroup	33
Citicorp	34
Citi Holdings	35

Regulatory Capital Ratios and TCE & TBV Reconciliation	36

(1)	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)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Total Revenues, Net of Interest Expense	$	18,692		$	18,456		$	17,555		$	17,548		$	17,760		1	%	(5	)%	$	57,898		$	52,863		(9	)%
Total Operating Expenses	10,669			11,134			10,523			10,369			10,404			—		(2	)%	32,481			31,296			(4	)%
Net Credit Losses (NCLs)	1,663			1,762			1,724			1,616			1,525			(6	)%	(8	)%	5,540			4,865			(12	)%
Credit Reserve Build / (Release)	(81		)	494			162			(226		)	221			NM		NM		(688		)	157			NM
Provision / (Release) for Unfunded Lending Commitments	65			94			71			(30		)	(45		)	(50	)%	NM		(20		)	(4		)	80	%
Provision for Benefits and Claims	189			164			88			49			35			(29	)%	(81	)%	567			172			(70	)%
Provisions for Credit Losses and for Benefits and Claims	$	1,836		$	2,514		$	2,045		$	1,409		$	1,736		23	%	(5	)%	$	5,399		$	5,190		(4	)%
Income from Continuing Operations before Income Taxes	6,187			4,808			4,987			5,770			5,620			(3	)%	(9	)%	20,018			16,377			(18	)%
Income Taxes (benefits)	1,881			1,403			1,479			1,723			1,733			1	%	(8	)%	6,037			4,935			(18	)%
Income from Continuing Operations	$	4,306		$	3,405		$	3,508		$	4,047		$	3,887		(4	)%	(10	)%	$	13,981		$	11,442		(18	)%
Income (Loss) from Discontinued Operations, net of Taxes	(10		)	(45		)	(2		)	(23		)	(30		)	(30	)%	NM		(9		)	(55		)	NM
Net Income before Noncontrolling Interests	4,296			3,360			3,506			4,024			3,857			(4	)%	(10	)%	13,972			11,387			(19	)%
Net Income Attributable to Noncontrolling Interests	5			25			5			26			17			(35	)%	NM		65			48			(26	)%
Citigroup’s Net Income	$	4,291		$	3,335		$	3,501		$	3,998		$	3,840		(4	)%	(11	)%	$	13,907		$	11,339		(18	)%

Diluted Earnings Per Share:
Income from Continuing Operations	$	1.36		$	1.03		$	1.11		$	1.25		$	1.25		—		(8	)%	$	4.38		$	3.60		(18	)%
Citigroup’s Net Income	$	1.35		$	1.02		$	1.10		$	1.24		$	1.24		—		(8	)%	$	4.38		$	3.58		(18	)%
Shares (in millions):
Average Basic	2,993.3			2,968.3			2,943.0			2,915.8			2,879.9			(1	)%	(4	)%	3,015.8			2,912.9			(3	)%
Average Diluted	2,996.9			2,969.5			2,943.1			2,915.9			2,880.1			(1	)%	(4	)%	3,020.4			2,913.0			(4	)%
Common Shares Outstanding, at period end	2,979.0			2,953.3			2,934.9			2,905.4			2,849.7			(2	)%	(4	)%

Preferred Dividends - Basic	$	174		$	265		$	210		$	322		$	225		(30	)%	29	%	$	504		757			50	%
Preferred Dividends - Diluted	$	174		$	265		$	210		$	322		$	225		(30	)%	29	%	$	504		757			50	%

Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	4,070		$	3,072		$	3,253		$	3,645		$	3,592		(1	)%	(12	)%	$	13,230		10,491			(21	)%
Citigroup’s Net Income	$	4,061		$	3,028		$	3,251		$	3,623		$	3,562		(2	)%	(12	)%	$	13,221		10,437			(21	)%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	4,070		$	3,072		$	3,253		$	3,645		$	3,592		(1	)%	(12	)%	$	13,230		10,491			(21	)%
Citigroup’s Net Income	$	4,061		$	3,028		$	3,251		$	3,623		$	3,562		(2	)%	(12	)%	$	13,221		10,437			(21	)%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 Capital Ratio (1) (2)	11.67		%	12.07		%	12.34		%	12.53		%	12.6		%
Tier 1 Capital Ratio (1) (2)	12.91		%	13.49		%	13.81		%	14.12		%	14.2		%
Total Capital Ratio (1) (2)	14.60		%	15.30		%	15.71		%	16.13		%	16.3		%
Supplementary Leverage Ratio (2) (3)	6.85		%	7.08		%	7.44		%	7.48		%	7.4		%
Return on Average Assets	0.94		%	0.74		%	0.79		%	0.89		%	0.83		%					1.01		%	0.84		%
Return on Average Common Equity	8.0		%	5.9		%	6.4		%	7.0		%	6.8		%					8.8		%	6.7		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	57		%	60		%	60		%	59		%	59		%					56		%	59		%

Balance Sheet Data (in billions of dollars, except Book Value Per Share):
Total Assets	$	1,808.4		$	1,731.2		$	1,801.0		$	1,818.8		$	1,818.1		—		1	%
Total Average Assets	1,818.4			1,784.3			1,777.6			1,807.3			1,830.2			1	%	1	%	$	1,837.1		$	1,805.0		(2	)%
Total Deposits	904.2			907.9			934.6			937.9			940.3			—		4	%
Citigroup’s Stockholders’ Equity	220.8			221.9			227.5			231.9			231.6			—		5	%
Book Value Per Share	69.03			69.46			71.47			73.19			74.51			2	%	8	%
Tangible Book Value Per Share (4)	60.07			60.61			62.58			63.53			64.71			2	%	8	%

Direct Staff (in thousands)	239			231			225			220			220			—		(8	)%

(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. For the composition of Citi’s Common Equity Tier 1 Capital and ratio, see page 36.
(2)	September 30, 2016 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. For the composition of Citi’s SLR, see page 36.
(4)	Tangible book value per share is a non-GAAP financial measure. See page 36 for a reconciliation of this measure to reported results.

Note: Ratios and variance percentages are calculated based on the displayed amounts.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)
Revenues
Interest revenue	$	14,714		$	14,364		$	14,167		$	14,356		$	14,653		2	%	—		$	44,187		$	43,176		(2	)%
Interest expense	2,941			2,901			2,940			3,120			3,174			2	%	8	%	9,020			9,234			2	%
Net interest revenue	11,773			11,463			11,227			11,236			11,479			2	%	(2	)%	35,167			33,942			(3	)%

Commissions and fees	2,732			2,752			2,463			2,725			2,644			(3	)%	(3	)%	9,096			7,832			(14	)%
Principal transactions	1,327			537			1,840			1,816			2,238			23	%	69	%	5,471			5,894			8	%
Administrative and other fiduciary fees	870			821			811			878			862			(2	)%	(1	)%	2,827			2,551			(10	)%
Realized gains (losses) on investments	151			41			186			200			287			44	%	90	%	641			673			5	%
Other-than-temporary impairment losses on investments and other assets	(80		)	(70		)	(465		)	(118		)	(32		)	73	%	60	%	(195		)	(615		)	NM
Insurance premiums	464			402			264			217			184			(15	)%	(60	)%	1,443			665			(54	)%
Other revenue	1,455			2,510			1,229			594			98			(84	)%	(93	)%	3,448			1,921			(44	)%
Total non-interest revenues	6,919			6,993			6,328			6,312			6,281			—		(9	)%	22,731			18,921			(17	)%
Total revenues, net of interest expense	18,692			18,456			17,555			17,548			17,760			1	%	(5	)%	57,898			52,863			(9	)%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,663			1,762			1,724			1,616			1,525			(6	)%	(8	)%	5,540			4,865			(12	)%
Credit reserve build / (release)	(81		)	494			162			(226		)	221			NM		NM		(688		)	157			NM
Provision for loan losses	1,582			2,256			1,886			1,390			1,746			26	%	10	%	4,852			5,022			4	%
Provison for Policyholder benefits and claims	189			164			88			49			35			(29	)%	(81	)%	567			172			(70	)%
Provision for unfunded lending commitments	65			94			71			(30		)	(45		)	(50	)%	NM		(20		)	(4		)	80	%
Total provisions for credit losses and for benefits and claims	1,836			2,514			2,045			1,409			1,736			23	%	(5	)%	5,399			5,190			(4	)%

Operating Expenses
Compensation and benefits	5,321			5,445			5,556			5,229			5,203			—		(2	)%	16,324			15,988			(2	)%
Premises and Equipment	722			710			651			642			624			(3	)%	(14	)%	2,168			1,917			(12	)%
Technology / communication expense	1,628			1,697			1,649			1,657			1,694			2	%	4	%	4,884			5,000			2	%
Advertising and marketing expense	391			371			390			433			403			(7	)%	3	%	1,176			1,226			4	%
Other operating	2,607			2,911			2,277			2,408			2,480			3	%	(5	)%	7,929			7,165			(10	)%
Total operating expenses	10,669			11,134			10,523			10,369			10,404			—		(2	)%	32,481			31,296			(4	)%

Income from Continuing Operations before Income Taxes	6,187			4,808			4,987			5,770			5,620			(3	)%	(9	)%	20,018			16,377			(18	)%
Provision (benefits) for income taxes	1,881			1,403			1,479			1,723			1,733			1	%	(8	)%	6,037			4,935			(18	)%
Income from Continuing Operations	4,306			3,405			3,508			4,047			3,887			(4	)%	(10	)%	13,981			11,442			(18	)%
Discontinued Operations
Income (Loss) from Discontinued Operations	(15		)	(69		)	(3		)	(36		)	(37		)	(3	)%	NM		(14		)	(76		)	NM
Gain (Loss) on Sale	—			—			—			—			—			—		—		—			—			—
Provision (benefits) for income taxes	(5		)	(24		)	(1		)	(13		)	(7		)	46	%	(40	)%	(5		)	(21		)	NM
Income (Loss) from Discontinued Operations, net of taxes	(10		)	(45		)	(2		)	(23		)	(30		)	(30	)%	NM		(9		)	(55		)	NM

Net Income before Noncontrolling Interests	4,296			3,360			3,506			4,024			3,857			(4	)%	(10	)%	13,972			11,387			(19	)%

Net Income attributable to noncontrolling interests	5			25			5			26			17			(35	)%	NM		65			48			(26	)%
Citigroup’s Net Income	$	4,291		$	3,335		$	3,501		$	3,998		$	3,840		(4	)%	(11	)%	$	13,907		$	11,339		(18	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																3Q16 Increase/
	September 30,			December 31,			March 31,			June 30,			September 30,			(Decrease) from
	2015			2015			2016			2016			2016 (1)			2Q16		3Q15
Assets
Cash and due from banks (including segregated cash and other deposits)	$	21,726		$	20,900		$	22,240		$	22,140		$	23,419		6	%	8	%
Deposits with banks	137,935			112,197			136,049			127,993			132,571			4	%	(4	)%
Fed funds sold and securities borr’d or purch under agree. to resell	231,695			219,675			225,093			228,683			236,045			3	%	2	%
Brokerage receivables	37,875			27,683			35,261			36,851			36,112			(2	)%	(5	)%
Trading account assets	266,946			249,956			273,747			271,764			263,874			(3	)%	(1	)%
Investments
Available-for-sale and non-marketable equity securities	308,499			306,740			316,362			320,390			316,352			(1	)%	3	%
Held-to-maturity	33,940			36,215			36,890			35,903			38,588			7	%	14	%
Total Investments	342,439			342,955			353,252			356,293			354,940			—		4	%
Loans, net of unearned income
Consumer	329,219			325,785			317,900			326,419			328,702			1	%	—
Corporate	293,225			291,832			300,924			307,096			309,211			1	%	5	%
Loans, net of unearned income	622,444			617,617			618,824			633,515			637,913			1	%	2	%
Allowance for loan losses	(13,626		)	(12,626		)	(12,712		)	(12,304		)	(12,439		)	(1	)%	9	%
Total loans, net	608,818			604,991			606,112			621,211			625,474			1	%	3	%
Goodwill	22,444			22,349			22,575			22,496			22,539			—		—
Intangible assets (other than MSRs)	3,880			3,721			3,493			5,521			5,358			(3	)%	38	%
Mortgage servicing rights (MSRs)	1,766			1,781			1,524			1,324			1,270			(4	)%	(28	)%
Other assets	132,832			125,002			121,621			124,495			116,515			(6	)%	(12	)%
Total assets	$	1,808,356		$	1,731,210		$	1,800,967		$	1,818,771		$	1,818,117		—		1	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	141,425		$	139,249		$	138,153		$	140,145		$	141,899		1	%	—
Interest-bearing deposits in U.S. offices	267,057			280,234			284,969			295,589			288,094			(3	)%	8	%
Total U.S. Deposits	408,482			419,483			423,122			435,734			429,993			(1	)%	5	%
Non-interest-bearing deposits in offices outside the U.S.	73,188			71,577			77,865			76,574			75,956			(1	)%	4	%
Interest-bearing deposits in offices outside the U.S.	422,573			416,827			433,604			425,544			434,303			2	%	3	%
Total International Deposits	495,761			488,404			511,469			502,118			510,259			2	%	3	%

Total deposits	904,243			907,887			934,591			937,852			940,252			—		4	%
Fed funds purch and securities loaned or sold under agree. to repurch.	168,604			146,496			157,208			158,001			153,124			(3	)%	(9	)%
Brokerage payables	59,557			53,722			58,257			62,054			61,921			—		4	%
Trading account liabilities	125,981			117,512			136,146			136,307			131,649			(3	)%	4	%
Short-term borrowings	23,715			21,079			20,893			18,408			29,527			60	%	25	%
Long-term debt	213,533			201,275			207,835			207,448			209,051			1	%	(2	)%
Other liabilities (2)	90,586			60,147			57,276			65,680			59,903			(9	)%	(34	)%
Total liabilities	$	1,586,219		$	1,508,118		$	1,572,206		$	1,585,750		$	1,585,427		—		—

Equity
Stockholders’ equity
Preferred stock	$	15,218		$	16,718		$	17,753		$	19,253		$	19,253		—		27	%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	108,261			108,288			107,590			107,730			107,875			—		—
Retained earnings	130,921			133,841			136,998			140,527			143,678			2	%	10	%
Treasury stock	(6,326		)	(7,677		)	(8,224		)	(9,538		)	(12,069		)	(27	)%	(91	)%
Accumulated other comprehensive income (loss)	(27,257		)	(29,344		)	(26,626		)	(26,115		)	(27,193		)	(4	)%	—
Total common equity	$	205,630		$	205,139		$	209,769		$	212,635		$	212,322		—		3	%

Total Citigroup stockholders’ equity	$	220,848		$	221,857		$	227,522		$	231,888		$	231,575		—		5	%
Noncontrolling interests	1,289			1,235			1,239			1,133			1,115			(2	)%	(13	)%
Total equity	222,137			223,092			228,761			233,021			232,690			—		5	%
Total liabilities and equity	$	1,808,356		$	1,731,210		$	1,800,967		$	1,818,771		$	1,818,117		—		1	%

(1)	Preliminary.
(2)	Includes allowance for credit losses for letters of credit and unfunded lending commitments. See page 28 for amounts by period.

Reclassified to conform to the current period’s presentation.

Page 3

CITIGROUP

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

												3Q16 Increase/				Nine		Nine		YTD 2016 vs.
	3Q		4Q			1Q		2Q		3Q		(Decrease) from				Months		Months		YTD 2015 Increase/
	2015		2015			2016		2016		2016		2Q16		3Q15		2015		2016		(Decrease)

CITICORP
Global Consumer Banking
North America	$	4,893	$	4,870		$	4,874	$	4,756	$	5,212	10	%	7	%	$	14,848	$	14,842	—
Latin America	1,545		1,361			1,241		1,248		1,257		1	%	(19	)%	4,409		3,746		(15	)%
Asia (1)	1,696		1,644			1,655		1,729		1,758		2	%	4	%	5,363		5,142		(4	)%
Total	8,134		7,875			7,770		7,733		8,227		6	%	1	%	24,620		23,730		(4	)%

Institutional Clients Group (Ex-CVA/DVA) (2)
North America	3,346		2,779			3,046		3,478		3,276		(6	)%	(2	)%	10,043		9,800		(2	)%
EMEA	2,253		2,132			2,207		2,615		2,554		(2	)%	13	%	7,694		7,376		(4	)%
Latin America	1,062		970			975		1,033		1,009		(2	)%	(5	)%	3,073		3,017		(2	)%
Asia	1,777		1,614			1,808		1,720		1,789		4	%	1	%	5,417		5,317		(2	)%
Total	8,438		7,495			8,036		8,846		8,628		(2	)%	2	%	26,227		25,510		(3	)%

Corporate / Other	218		107			274		126		28		(78	)%	(87	)%	801		428		(47	)%

Total Citicorp (Ex-CVA/DVA) (2)	16,790		15,477			16,080		16,705		16,883		1	%	1	%	51,648		49,668		(4	)%

Total Citi Holdings (Ex-CVA/DVA) (2)	1,706		3,160			1,475		843		877		4	%	(49	)%	5,815		3,195		(45	)%

Total Citigroup - Net Revenues (Ex-CVA/DVA) (2)	$	18,496	$	18,637		$	17,555	$	17,548	$	17,760	1	%	(4	)%	57,463		52,863		(8	)%

CVA/DVA for Periods Prior to 1Q16 (2)	196		(181		)	—		—		—		—		(100	)%	435		—		(100	)%

Total Citigroup - Net Revenues	$	18,692	$	18,456		$	17,555	$	17,548	$	17,760	1	%	(5	)%	$	57,898	$	52,863	(9	)%

(1)

Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(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). Effective January 1, 2016, Citigroup early adopted on a prospective basis the amendment in ASU No. 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, related to the presentation of DVA on fair value option liabilities. Accordingly, beginning in the first quarter 2016, the portion of the change in fair value of these liabilities related to changes in Citigroup’s own credit spreads (DVA) are reflected as a component of Accumulated Other Comprehensive Income (AOCI); previously these amounts were recognized in Citigroup’s revenues and net income. In the tables above and on pages 5, 16 and 17, results for all periods prior to the first quarter of 1Q16 exclude the impact of CVA/DVA, as applicable, for consistency with the current period’s presentation. Citigroup’s results of operations excluding the impact of CVA/DVA in such periods are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 4

CITIGROUP

SEGMENT DETAIL

INCOME

(In millions of dollars)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)
Income from Continuing Operations:
CITICORP
Global Consumer Banking
North America	$	1,080		$	993		$	860		$	842		$	811		(4	)%	(25	)%	$	3,318		$	2,513		(24	)%
Latin America	306			152			156			184			167			(9	)%	(45	)%	716			507			(29	)%
Asia (1)	305			217			215			297			310			4	%	2	%	980			822			(16	)%
Total	1,691			1,362			1,231			1,323			1,288			(3	)%	(24	)%	5,014			3,842			(23	)%

Institutional Clients Group (Ex-CVA/DVA) (2)
North America	931			517			584			1,059			1,119			6	%	20	%	2,900			2,762			(5	)%
EMEA	408			231			399			720			680			(6	)%	67	%	2,024			1,799			(11	)%
Latin America	397			190			337			396			396			—		—		1,198			1,129			(6	)%
Asia	554			441			639			540			577			7	%	4	%	1,856			1,756			(5	)%
Total	2,290			1,379			1,959			2,715			2,772			2	%	21	%	7,978			7,446			(7	)%

Corporate / Other	183			101			(29		)	(89		)	(247		)	NM		NM		395			(365		)	NM

Total Citicorp (Ex-CVA/DVA) (2)	4,164			2,842			3,161			3,949			3,813			(3	)%	(8	)%	13,387			10,923			(18	)%

Total Citi Holdings (Ex-CVA/DVA) (2)	15			677			347			98			74			(24	)%	NM		318			519			63	%

Income From Continuing Operations - Ex-CVA/DVA (2)	4,179			3,519			3,508			4,047			3,887			(4	)%	(7	)%	13,705			11,442			(17	)%

Discontinued Operations	(10		)	(45		)	(2		)	(23		)	(30		)	(30	)%	NM		(9		)	(55		)	NM

Net Income Attributable to Noncontrolling Interests	5			25			5			26			17			(35	)%	NM		65			48			(26	)%

Citigroup’s Net Income - Ex-CVA/DVA (2)	$	4,164		$	3,449		$	3,501		$	3,998		$	3,840		(4	)%	(8	)%	$	13,631		$	11,339		(17	)%

CVA/DVA (after-tax) for Periods Prior to 1Q16 (2)	127			(114		)	—			—			—			—		(100	)%	276			—			(100	)%

Total Citigroup - Net Income	$	4,291		$	3,335		$	3,501		$	3,998		$	3,840		(4	)%	(11	)%	$	13,907		$	11,339		(18	)%

Citicorp - Average Assets
North America	$	881		$	887		$	904		$	921		$	942		2	%	7	%	$	881		$	922		5	%
EMEA (1)	312			300			301			312			316			1	%	1	%	320			310			(3	)%
Latin America	139			141			137			139			136			(2	)%	(2	)%	143			137			(4	)%
Asia (1)	307			308			307			315			325			3	%	6	%	310			316			2	%
Corporate / Other	59			51			51			49			47			(4	)%	(20	)%	56			49			(13	)%
Total	$	1,698		$	1,687		$	1,700		$	1,736		$	1,766		2	%	4	%	$	1,710		$	1,734		1	%

Citicorp - Return on Average Assets (ROA)(Ex-CVA/DVA) (2) (3)
North America	0.91		%	0.68		%	0.64		%	0.83		%	0.81		%					0.94		%	0.76		%
EMEA (1)	0.52		%	0.29		%	0.52		%	0.91		%	0.84		%					0.83		%	0.76		%
Latin America	2.00		%	0.95		%	1.44		%	1.68		%	1.64		%					1.79		%	1.59		%
Asia (1)	1.10		%	0.85		%	1.12		%	1.07		%	1.08		%					1.22		%	1.09		%
Corporate/Other	1.14		%	0.38		%	(0.18		)%	(0.94		)%	(2.30		)%					0.90		%	(1.12		)%
Total	0.97		%	0.65		%	0.75		%	0.90		%	0.85		%					1.04		%	0.83		%

(1)	Asia GCB includes the results of operations of EMEA GCB for all periods presented.
(2)	See footnote 2 on page 4.
(3)	For all periods prior to the first quarter of 2016, ROA excluding CVA/DVA is defined as annualized net income (less CVA/DVA), divided by average assets. See above for after-tax CVA/DVA for each period presented.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 5

CITICORP

INCOME STATEMENT AND BALANCE SHEET DATA

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)
Revenues
Net interest revenue	$	10,622		$	10,616		$	10,630		$	10,687		$	10,997		3	%	4	%	$	31,557		$	32,314		2	%
Non-interest revenue	6,389			4,675			5,450			6,018			5,886			(2	)%	(8	)%	20,546			17,354			(16	)%
Total revenues, net of interest expense	17,011			15,291			16,080			16,705			16,883			1	%	(1	)%	52,103			49,668			(5	)%

Provisions for Credit Losses and for Benefits and Claims
Net credit losses	1,391			1,501			1,581			1,514			1,396			(8	)%	—		4,465			4,491			1	%
Credit reserve build / (release)	90			421			193			(2		)	343			NM		NM		(160		)	534			NM
Provision for loan losses	1,481			1,922			1,774			1,512			1,739			15	%	17	%	4,305			5,025			17	%
Provision for benefits and claims	28			30			28			20			25			25	%	(11	)%	77			73			(5	)%
Provision for unfunded lending commitments	84			95			73			(25		)	(45		)	(80	)%	NM		2			3			50	%
Total provisions for credit losses and for benefits and claims	1,593			2,047			1,875			1,507			1,719			14	%	8	%	4,384			5,101			16	%

Total operating expenses	9,295			9,684			9,695			9,511			9,578			1	%	3	%	28,360			28,784			1	%

Income from Continuing Operations before Income Taxes	6,123			3,560			4,510			5,687			5,586			(2	)%	(9	)%	19,359			15,783			(18	)%
Provision for income taxes	1,816			835			1,349			1,738			1,773			2	%	(2	)%	5,683			4,860			(14	)%

Income from Continuing Operations	4,307			2,725			3,161			3,949			3,813			(3	)%	(11	)%	13,676			10,923			(20	)%

Income (loss) from Discontinued Operations, net of taxes	(10		)	(45		)	(2		)	(23		)	(30		)	(30	)%	NM		(9		)	(55		)	NM

Noncontrolling interests	5			15			4			21			17			(19	)%	NM		64			42			(34	)%
Citicorp’s Net Income	$	4,292		$	2,665		$	3,155		$	3,905		$	3,766		(4	)%	(12	)%	$	13,603		$	10,826		(20	)%

Balance Sheet Data (in billions of dollars):

Total EOP Assets	$	1,691		$	1,650		$	1,728		$	1,753		$	1,757		—		4	%

Average Assets	$	1,698		$	1,687		$	1,700		$	1,736		$	1,766		2	%	4	%	$	1,710		$	1,734		1	%
Return on Average Assets	1.00		%	0.63		%	0.75		%	0.90		%	0.85		%					1.06		%	0.83		%
Efficiency Ratio (Operating Expenses/Total Revenues, net)	55		%	63		%	60		%	57		%	57		%					54		%	58		%
Total EOP Loans	$	563		$	569		$	573		$	592		$	599		1	%	6	%
Total EOP Deposits	$	894		$	898		$	925		$	932		$	934		—		5	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 6

CITICORP

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Net Interest Revenue	$	6,519		$	6,547		$	6,406		$	6,364		$	6,770		6	%	4	%	$	19,437		$	19,540		1	%
Non-Interest Revenue	1,615			1,328			1,364			1,369			1,457			6	%	(10	)%	5,183			4,190			(19	)%
Total Revenues, Net of Interest Expense	8,134			7,875			7,770			7,733			8,227			6	%	1	%	24,620			23,730			(4	)%
Total Operating Expenses	4,231			4,346			4,408			4,304			4,440			3	%	5	%	12,874			13,152			2	%
Net Credit Losses	1,354			1,405			1,370			1,373			1,351			(2	)%	—		4,347			4,094			(6	)%
Credit Reserve Build / (Release)	(103		)	(44		)	85			24			436			NM		NM		(349		)	545			NM
Provision for Unfunded Lending Commitments	1			6			2			8			(3		)	NM		NM		(3		)	7			NM
Provision for Benefits and Claims	28			30			28			20			25			25	%	(11	)%	77			73			(5	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,280			1,397			1,485			1,425			1,809			27	%	41	%	4,072			4,719			16	%
Income from Continuing Operations before Taxes	2,623			2,132			1,877			2,004			1,978			(1	)%	(25	)%	7,674			5,859			(24	)%
Income Taxes	932			770			646			681			690			1	%	(26	)%	2,660			2,017			(24	)%
Income from Continuing Operations	1,691			1,362			1,231			1,323			1,288			(3	)%	(24	)%	5,014			3,842			(23	)%
Noncontrolling Interests	8			1			2			1			3			NM		(63	)%	9			6			(33	)%
Net Income	$	1,683		$	1,361		$	1,229		$	1,322		$	1,285		(3	)%	(24	)%	$	5,005		$	3,836		(23	)%
Average Assets (in billions of dollars)	$	375		$	379		$	378		$	388		$	410		6	%	9	%	$	379		$	392		3	%
Return on Average Assets (ROA)	1.78		%	1.42		%	1.31		%	1.37		%	1.25		%					1.77		%	1.31		%
Efficiency Ratio	52		%	55		%	57		%	56		%	54		%					52		%	55		%

Net Credit Losses as a % of Average Loans	1.99		%	2.04		%	2.03		%	2.02		%	1.87		%					2.14		%	1.97		%

Revenue by Business
Retail Banking	$	3,514		$	3,280		$	3,216		$	3,272		$	3,361		3	%	(4	)%	$	10,585		$	9,849		(7	)%
Cards (1)	4,620			4,595			4,554			4,461			4,866			9	%	5	%	14,035			13,881			(1	)%
Total	$	8,134		$	7,875		$	7,770		$	7,733		$	8,227		6	%	1	%	$	24,620		$	23,730		(4	)%

Net Credit Losses by Business
Retail Banking	$	247		$	295		$	220		$	242		$	259		7	%	5	%	$	763		$	721		(6	)%
Cards (1)	1,107			1,110			1,150			1,131			1,092			(3	)%	(1	)%	3,584			3,373			(6	)%
Total	$	1,354		$	1,405		$	1,370		$	1,373		$	1,351		(2	)%	—		$	4,347		$	4,094		(6	)%

Income (loss) from Continuing Operations by Business
Retail Banking	$	574		$	313		$	317		$	489		$	478		(2	)%	(17	)%	$	1,702		$	1,284		(25	)%
Cards (1)	1,117			1,049			914			834			810			(3	)%	(27	)%	3,312			2,558			(23	)%
Total	$	1,691		$	1,362		$	1,231		$	1,323		$	1,288		(3	)%	(24	)%	$	5,014		$	3,842		(23	)%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	8,134		$	7,875		$	7,770		$	7,733		$	8,227		6	%	1	%	$	24,620		$	23,730		(4	)%
Impact of FX Translation (2)	(174		)	(140		)	(44		)	(52		)	—							(769		)	—
Total Revenues - Ex-FX (2)	$	7,960		$	7,735		$	7,726		$	7,681		$	8,227		7	%	3	%	$	23,851		$	23,730		(1	)%

Total Operating Expenses - as Reported	$	4,231		$	4,346		$	4,408		$	4,304		$	4,440		3	%	5	%	$	12,874		$	13,152		2	%
Impact of FX Translation (2)	(70		)	(59		)	(12		)	(24		)	—							(356		)	—
Total Operating Expenses - Ex-FX (2)	$	4,161		$	4,287		$	4,396		$	4,280		$	4,440		4	%	7	%	$	12,518		$	13,152		5	%

Total Provisions for LLR & PBC - as Reported	$	1,280		$	1,397		$	1,485		$	1,425		$	1,809		27	%	41	%	$	4,072		$	4,719		16	%
Impact of FX Translation (2)	(41		)	(34		)	(16		)	(13		)	—							(159		)	—
Total Provisions for LLR & PBC - Ex-FX (2)	$	1,239		$	1,363		$	1,469		$	1,412		$	1,809		28	%	46	%	$	3,913		$	4,719		21	%

Net Income - as Reported	$	1,683		$	1,361		$	1,229		$	1,322		$	1,285		(3	)%	(24	)%	$	5,005		$	3,836		(23	)%
Impact of FX Translation (2)	(49		)	(40		)	(13		)	(11		)	—							(182		)	—
Net Income - Ex-FX (2)	$	1,634		$	1,321		$	1,216		$	1,311		$	1,285		(2	)%	(21	)%	$	4,823		$	3,836		(20	)%

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

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the third quarter of 2016 average exchange rates for all periods presented. Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 7

CITICORP

GLOBAL CONSUMER BANKING

Page 2

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	2,795			2,785			2,703			2,681			2,679			—		(4	)%
Accounts (in millions)	56.2			56.2			55.9			56.3			56.3			—		—
Average Deposits	$	294.9		$	295.2		$	295.6		$	298.9		$	302.7		1	%	3	%
Investment Sales	$	19.7		$	17.3		$	16.4		$	18.8		$	19.5		4	%	(1	)%
Investment Assets under Management (AUMs)	$	144.4		$	152.6		$	144.1		$	139.9		$	140.9		1	%	(2	)%
Average Loans	$	140.1		$	141.2		$	139.9		$	141.4		$	142.3		1	%	2	%
EOP Loans:
Real Estate Lending	$	79.0		$	80.2		$	82.2		$	81.6		$	81.4		—		3	%
Commercial Markets	32.3			31.8			32.1			32.6			33.5			3	%	4	%
Personal and Other	28.1			28.7			28.0			27.6			27.0			(2	)%	(4	)%
EOP Loans	$	139.4		$	140.7		$	142.3		$	141.8		$	141.9		—		2	%

Net Interest Revenue (in millions) (1)	$	2,200		$	2,215		$	2,191		$	2,180		$	2,220		2	%	1	%
As a % of Average Loans	6.23		%	6.22		%	6.30		%	6.20		%	6.21		%

Net Credit Losses (in millions)	$	247		$	295		$	220		$	242		$	259		7	%	5	%
As a % of Average Loans	0.70		%	0.83		%	0.63		%	0.69		%	0.72		%
Loans 90+ Days Past Due (in millions) (2)	$	529		$	523		$	498		$	515		$	579		12	%	9	%
As a % of EOP Loans	0.38		%	0.37		%	0.35		%	0.37		%	0.41		%
Loans 30-89 Days Past Due (in millions) (2)	$	764		$	739		$	793		$	735		$	722		(2	)%	(5	)%
As a % of EOP Loans	0.55		%	0.53		%	0.56		%	0.52		%	0.51		%

Cards Key Indicators (in millions of dollars, except as otherwise noted) (3)
EOP Open Accounts (in millions)	135.6			135.9			134.1			143.0			143.0			—		5	%
Purchase Sales (in billions)	$	88.6		$	96.2		$	84.6		$	95.7		$	115.3		20	%	30	%

Average Loans (in billions) (4)	$	129.7		$	131.5		$	131.3		$	131.9		$	145.5		10	%	12	%
EOP Loans (in billions) (4)	$	130.3		$	136.3		$	130.3		$	143.4		$	147.8		3	%	13	%
Average Yield (5)	13.25		%	13.09		%	13.21		%	13.05		%	12.76		%
Net Interest Revenue (6)	$	4,319		$	4,332		$	4,215		$	4,184		$	4,550		9	%	5	%
As a % of Average Loans (6)	13.21		%	13.07		%	12.91		%	12.76		%	12.44		%
Net Credit Losses	$	1,107		$	1,110		$	1,150		$	1,131		$	1,092		(3	)%	(1	)%
As a % of Average Loans	3.39		%	3.35		%	3.52		%	3.45		%	2.99		%
Net Credit Margin (7)	$	3,501		$	3,476		$	3,396		$	3,322		$	3,766		13	%	8	%
As a % of Average Loans (7)	10.71		%	10.49		%	10.40		%	10.13		%	10.30		%
Loans 90+ Days Past Due	$	1,452		$	1,596		$	1,524		$	1,450		$	1,590		10	%	10	%
As a % of EOP Loans	1.11		%	1.17		%	1.17		%	1.01		%	1.08		%
Loans 30-89 Days Past Due	$	1,663		$	1,679		$	1,567		$	1,583		$	1,830		16	%	10	%
As a % of EOP Loans	1.28		%	1.23		%	1.20		%	1.10		%	1.24		%

(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 2 on page 10.

(3) On June 17, 2016, Citi completed the acquisition of the $10.6 billion Costco U.S. co-branded credit card portfolio.

(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.

Page 8

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)
Net Interest Revenue	$	4,455		$	4,506		$	4,442		$	4,377		$	4,748		8	%	7	%	$	13,103		$	13,567		4	%
Non-Interest Revenue	438			364			432			379			464			22	%	6	%	1,745			1,275			(27	)%
Total Revenues, Net of Interest Expense	4,893			4,870			4,874			4,756			5,212			10	%	7	%	14,848			14,842			—
Total Operating Expenses	2,319			2,405			2,506			2,432			2,600			7	%	12	%	6,976			7,538			8	%
Net Credit Losses	878			914			932			953			929			(3	)%	6	%	2,837			2,814			(1	)%
Credit Reserve Build / (Release)	(61		)	(69		)	79			50			408			NM		NM		(268		)	537			NM
Provision for Unfunded Lending Commitments	—			6			1			7			—			(100	)%	—		1			8			NM
Provision for Benefits and Claims	11			8			9			8			7			(13	)%	(36	)%	30			24			(20	)%
Provisions for Loan Losses and for Benefits and Claims	828			859			1,021			1,018			1,344			32	%	62	%	2,600			3,383			30	%
Income from Continuing Operations before Taxes	1,746			1,606			1,347			1,306			1,268			(3	)%	(27	)%	5,272			3,921			(26	)%
Income Taxes	666			613			487			464			457			(2	)%	(31	)%	1,954			1,408			(28	)%
Income from Continuing Operations	1,080			993			860			842			811			(4	)%	(25	)%	3,318			2,513			(24	)%
Noncontrolling Interests	1			1			—			(1		)	—			100	%	(100	)%	2			(1		)	NM
Net Income	$	1,079		$	992		$	860		$	843		$	811		(4	)%	(25	)%	$	3,316		$	2,514		(24	)%
Average Assets (in billions of dollars)	$	209		$	210		$	212		$	219		$	239		9	%	14	%	$	208		$	223		7	%
Return on Average Assets	2.05		%	1.87		%	1.63		%	1.55		%	1.35		%					2.13		%	1.51		%
Efficiency Ratio	47		%	49		%	51		%	51		%	50		%					47		%	51		%

Net Credit Losses as a % of Average Loans	2.21		%	2.26		%	2.32		%	2.34		%	2.08		%					2.43		%	2.24		%

Revenue by Business
Retail Banking	$	1,347		$	1,338		$	1,307		$	1,330		$	1,374		3	%	2	%	$	4,140		$	4,011		(3	)%
Citi-Branded Cards	1,930			1,937			1,880			1,907			2,213			16	%	15	%	5,872			6,000			2	%
Citi Retail Services	1,616			1,595			1,687			1,519			1,625			7	%	1	%	4,836			4,831			—
Total	$	4,893		$	4,870		$	4,874		$	4,756		$	5,212		10	%	7	%	$	14,848		$	14,842		—

Net Credit Losses by Business
Retail Banking	$	34		$	42		$	24		$	44		$	54		23	%	59	%	$	108		$	122		13	%
Citi-Branded Cards	443			454			455			467			448			(4	)%	1	%	1,438			1,370			(5	)%
Citi Retail Services	401			418			453			442			427			(3	)%	6	%	1,291			1,322			2	%
Total	$	878		$	914		$	932		$	953		$	929		(3	)%	6	%	$	2,837		$	2,814		(1	)%

Income from Continuing Operations by Business
Retail Banking	$	161		$	137		$	98		$	178		$	196		10	%	22	%	$	578		$	472		(18	)%
Citi-Branded Cards	522			515			366			334			336			1	%	(36	)%	1,560			1,036			(34	)%
Citi Retail Services	397			341			396			330			279			(15	)%	(30	)%	1,180			1,005			(15	)%
Total	$	1,080		$	993		$	860		$	842		$	811		(4	)%	(25	)%	$	3,318		$	2,513		(24	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 9

CITICORP
GLOBAL CONSUMER BANKING

NORTH AMERICA
Page 2

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	779			780			729			729			727			—		(7	)%
Accounts (in millions)	11.2			11.0			10.8			10.8			10.6			(2	)%	(5	)%
Investment Sales	$	4.9		$	4.6		$	4.8		$	5.5		$	5.2		(5	)%	6	%
Investment AUMs	$	47.9		$	48.9		$	49.4		$	51.4		$	53.1		3	%	11	%

Average Deposits	$	181.4		$	181.2		$	180.6		$	182.1		$	183.9		1	%	1	%

Average Loans	$	50.3		$	51.8		$	52.9		$	54.4		$	55.0		1	%	9	%

EOP Loans:
Real Estate Lending	$	40.6		$	41.9		$	42.9		$	43.9		$	44.0		—		8	%
Commercial Markets	8.4			7.8			8.2			8.4			8.8			5	%	5	%
Personal and Other	2.0			2.5			2.4			2.5			2.0			(20	)%	—
Total EOP Loans	$	51.0		$	52.2		$	53.5		$	54.8		$	54.8		—		7	%

Mortgage Originations (1)	$	7.5		$	6.2		$	5.5		$	6.4		$	6.5		2	%	(13	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	162.6		$	159.5		$	155.9		$	151.8		$	147.6		(3	)%	(9	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	107.2		$	110.6		$	97.6		$	90.9		$	141.9		56	%	32	%

Saleable Mortgage Rate Locks	$	3.9		$	3.2		$	3.1		$	4.0		$	3.9		(3	)%	—

Net Interest Revenue on Loans (in millions)	$	262		$	271		$	276		$	268		$	267		—		2	%
As a % of Avg. Loans	2.07		%	2.08		%	2.10		%	1.98		%	1.93		%

Net Credit Losses (in millions)	$	34		$	42		$	24		$	44		$	54		23	%	59	%
As a % of Avg. Loans	0.27		%	0.32		%	0.18		%	0.33		%	0.39		%

Loans 90+ Days Past Due (in millions) (2)	$	138		$	165		$	152		$	180		$	256		42	%	86	%
As a % of EOP Loans	0.28		%	0.32		%	0.29		%	0.33		%	0.47		%
Loans 30-89 Days Past Due (in millions) (2)	$	198		$	221		$	198		$	192		$	198		3	%	—
As a % of EOP Loans	0.40		%	0.43		%	0.38		%	0.36		%	0.37		%

(1)	Originations on First mortgages.
(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) were $498 million and ($0.9 billion), $491 million and ($1.1 billion), $456 million and ($1.1 billion), $408 million and ($0.9 billion), and $305 million and ($0.7 billion), as of June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016, respectively.

		The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $79 million and ($0.9 billion), $87 million and ($1.1 billion), $86 million and ($1.1 billion), $91 million and ($0.9 billion), and $58 million and ($0.7 billion), as of June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016, respectively.

Reclassified to conform to the current period’s presentation.

Page 10

CITICORP
GLOBAL CONSUMER BANKING
NORTH AMERICA
Page 3

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15
Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1) (2)
EOP Open Accounts (in millions)	23.3			23.5			23.8			31.8			32.5			2	%	39	%
Purchase Sales (in billions)	$	46.6		$	49.0		$	45.9		$	53.1		$	73.1		38	%	57	%

Average Loans (in billions) (1)	$	63.9		$	64.6		$	64.7		$	66.7		$	79.2		19	%	24	%

EOP Loans (in billions) (1)	$	64.8		$	67.2		$	64.9		$	77.5		$	81.3		5	%	25	%

Average Yield (3)	10.28		%	10.31		%	10.38		%	10.04		%	9.90		%
Net Interest Revenue (4)	$	1,618		$	1,633		$	1,612		$	1,612		$	1,884		17	%	16	%
As a % of Avg. Loans (4)	10.05		%	10.03		%	10.02		%	9.72		%	9.46		%
Net Credit Losses	$	443		$	454		$	455		$	467		$	448		(4	)%	1	%
As a % of Average Loans	2.75		%	2.79		%	2.83		%	2.82		%	2.25		%
Net Credit Margin (5)	$	1,482		$	1,481		$	1,421		$	1,437		$	1,762		23	%	19	%
As a % of Avg. Loans (5)	9.20		%	9.10		%	8.83		%	8.67		%	8.85		%
Loans 90+ Days Past Due	$	491		$	538		$	530		$	510		$	607		19	%	24	%
As a % of EOP Loans	0.76		%	0.80		%	0.82		%	0.66		%	0.75		%
Loans 30-89 Days Past Due	$	504		$	523		$	492		$	550		$	710		29	%	41	%
As a % of EOP Loans	0.78		%	0.78		%	0.76		%	0.71		%	0.87		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	89.5			89.9			88.1			88.9			88.3			(1	)%	(1	)%
Purchase Sales (in billions)	$	19.8		$	23.5		$	16.9		$	20.1		$	19.7		(2	)%	(1	)%

Average Loans (in billions) (1)	$	43.1		$	44.1		$	44.0		$	42.7		$	43.6		2	%	1	%

EOP Loans (in billions) (1)	$	43.1		$	46.1		$	42.5		$	43.3		$	43.9		1	%	2	%

Average Yield (3)	16.94		%	16.49		%	16.92		%	17.01		%	17.06		%
Net Interest Revenue (4)	$	1,925		$	1,939		$	1,899		$	1,843		$	1,934		5	%	—
As a % of Avg. Loans (4)	17.72		%	17.44		%	17.36		%	17.36		%	17.65		%
Net Credit Losses	$	401		$	418		$	453		$	442		$	427		(3	)%	6	%
As a % of Average Loans	3.69		%	3.76		%	4.14		%	4.16		%	3.90		%
Net Credit Margin (5)	$	1,209		$	1,170		$	1,230		$	1,072		$	1,193		11	%	(1	)%
As a % of Avg. Loans (5)	11.13		%	10.53		%	11.24		%	10.10		%	10.89		%
Loans 90+ Days Past Due	$	621		$	705		$	665		$	619		$	664		7	%	7	%
As a % of EOP Loans	1.44		%	1.53		%	1.56		%	1.43		%	1.51		%
Loans 30-89 Days Past Due	$	758		$	773		$	688		$	669		$	750		12	%	(1	)%
As a % of EOP Loans	1.76		%	1.68		%	1.62		%	1.55		%	1.71		%

(1)		Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(2)		See footnote 3 on page 8.
(3)		Average yield is calculated as gross interest revenue earned divided by average loans.
(4)		Net interest revenue includes certain fees that are recorded as interest revenue.
(5)		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.

Page 11

CITICORP

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 1

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)
Net Interest Revenue	$	959		$	945		$	863		$	871		$	886		2	%	(8	)%	$	2,940		$	2,620		(11	)%
Non-Interest Revenue	586			416			378			377			371			(2	)%	(37	)%	1,469			1,126			(23	)%
Total Revenues, Net of Interest Expense	1,545			1,361			1,241			1,248			1,257			1	%	(19	)%	4,409			3,746			(15	)%
Total Operating Expenses	795			824			720			726			713			(2	)%	(10	)%	2,438			2,159			(11	)%
Net Credit Losses	301			307			278			260			254			(2	)%	(16	)%	973			792			(19	)%
Credit Reserve Build / (Release)	19			3			17			(2		)	32			NM		68	%	30			47			57	%
Provision for Unfunded Lending Commitments	1			—			1			1			—			(100	)%	(100	)%	(2		)	2			NM
Provision for Benefits and Claims	17			22			19			12			18			50	%	6	%	47			49			4	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	338			332			315			271			304			12	%	(10	)%	1,048			890			(15	)%
Income from Continuing Operations before Taxes	412			205			206			251			240			(4	)%	(42	)%	923			697			(24	)%
Income Taxes	106			53			50			67			73			9	%	(31	)%	207			190			(8	)%
Income from Continuing Operations	306			152			156			184			167			(9	)%	(45	)%	716			507			(29	)%
Noncontrolling Interests	1			—			1			1			2			100	%	100	%	3			4			33	%
Net Income	$	305		$	152		$	155		$	183		$	165		(10	)%	(46	)%	$	713		$	503		(29	)%
Average Assets (in billions of dollars)	$	50		$	52		$	50		$	50		$	50		—		—		$	54		$	50		(7	)%
Return on Average Assets	2.42		%	1.16		%	1.25		%	1.47		%	1.31		%					1.77		%	1.34		%
Efficiency Ratio	51		%	61		%	58		%	58		%	57		%					55		%	58		%

Net Credit Losses as a % of Average Loans	4.65		%	4.70		%	4.53		%	4.25		%	4.12		%					4.85		%	4.30		%

Revenue by Business
Retail Banking	$	1,100		$	934		$	868		$	865		$	893		3	%	(19	)%	$	3,047		$	2,626		(14	)%
Citi-Branded Cards	445			427			373			383			364			(5	)%	(18	)%	1,362			1,120			(18	)%
Total	$	1,545		$	1,361		$	1,241		$	1,248		$	1,257		1	%	(19	)%	$	4,409		$	3,746		(15	)%

Net Credit Losses by Business
Retail Banking	$	138		$	159		$	134		$	137		$	132		(4	)%	(4	)%	$	430		$	403		(6	)%
Citi-Branded Cards	163			148			144			123			122			(1	)%	(25	)%	543			389			(28	)%
Total	$	301		$	307		$	278		$	260		$	254		(2	)%	(16	)%	$	973		$	792		(19	)%

Income from Continuing Operations by Business
Retail Banking	$	228		$	65		$	99		$	107		$	91		(15	)%	(60	)%	$	497		$	297		(40	)%
Citi-Branded Cards	78			87			57			77			76			(1	)%	(3	)%	219			210			(4	)%
Total	$	306		$	152		$	156		$	184		$	167		(9	)%	(45	)%	$	716		$	507		(29	)%

FX Translation Impact:
Total Revenue - as Reported (1)	$	1,545		$	1,361		$	1,241		$	1,248		$	1,257		1	%	(19	)%	$	4,409		$	3,746		(15	)%
Impact of FX Translation (2)	(193		)	(166		)	(75		)	(64		)	—							(646		)	—
Total Revenues - Ex-FX (1) (2)	$	1,352		$	1,195		$	1,166		$	1,184		$	1,257		6	%	(7	)%	$	3,763		$	3,746		—

Total Operating Expenses - as Reported	$	795		$	824		$	720		$	726		$	713		(2	)%	(10	)%	$	2,438		$	2,159		(11	)%
Impact of FX Translation (2)	(79		)	(74		)	(35		)	(30		)	—							(260		)	—
Total Operating Expenses - Ex-FX (2)	$	716		$	750		$	685		$	696		$	713		2	%	—		$	2,178		$	2,159		(1	)%

Provisions for LLR & PBC - as Reported	$	338		$	332		$	315		$	271		$	304		12	%	(10	)%	$	1,048		$	890		(15	)%
Impact of FX Translation (2)	(43		)	(39		)	(19		)	(14		)	—							(148		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	295		$	293		$	296		$	257		$	304		18	%	3	%	$	900		$	890		(1	)%

Net Income - as Reported	$	305		$	152		$	155		$	183		$	165		(10	)%	(46	)%	$	713		$	503		(29	)%
Impact of FX Translation (2)	(54		)	(44		)	(17		)	(15		)	—							(182		)	—
Net Income - Ex-FX (2)	$	251		$	108		$	138		$	168		$	165		(2	)%	(34	)%	$	531		$	503		(5	)%

(1) Revenues in the third quarter of 2015 include an approximate $180 million ($160 million ex-FX) gain related to the sale of the Mexico merchant acquiring business.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 12

CITICORP

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15

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

Branches (actual)	1,495			1,492			1,493			1,491			1,494			—		—
Accounts (in millions)	27.3			27.7			27.9			28.4			28.8			1	%	5	%
Average Deposits	$	27.1		$	27.3		$	27.8		$	27.4		$	27.2		(1	)%	—
Investment Sales	$	6.6		$	6.7		$	5.5		$	5.8		$	5.7		(2	)%	(14	)%
Investment AUMs	$	41.4		$	46.7		$	38.6		$	32.4		$	31.0		(4	)%	(25	)%
Average Loans	$	20.1		$	20.4		$	19.5		$	19.5		$	19.4		(1	)%	(3	)%
EOP Loans:
Real Estate Lending	$	4.1		$	3.9		$	4.6		$	4.2		$	4.1		(2	)%	—
Commercial Markets	8.6			9.2			9.1			9.0			8.9			(1	)%	3	%
Personal and Other	7.1			7.0			6.4			6.3			6.0			(5	)%	(15	)%
Total EOP Loans	$	19.8		$	20.1		$	20.1		$	19.5		$	19.0		(3	)%	(4	)%

Net Interest Revenue (in millions) (1)	$	629		$	635		$	597		$	595		$	621		4	%	(1	)%
As a % of Average Loans (1)	12.42		%	12.35		%	12.31		%	12.27		%	12.73		%
Net Credit Losses (in millions)	$	138		$	159		$	134		$	137		$	132		(4	)%	(4	)%
As a % of Average Loans	2.72		%	3.09		%	2.76		%	2.83		%	2.71		%
Loans 90+ Days Past Due (in millions)	$	212		$	185		$	172		$	157		$	160		2	%	(25	)%
As a % of EOP Loans	1.07		%	0.92		%	0.86		%	0.81		%	0.84		%
Loans 30-89 Days Past Due (in millions)	$	239		$	184		$	256		$	197		$	196		(1	)%	(18	)%
As a % of EOP Loans	1.21		%	0.92		%	1.27		%	1.01		%	1.03		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.7			5.6			5.6			5.7			5.8			2	%	2	%
Purchase Sales (in billions)	$	4.0		$	4.4		$	3.7		$	3.8		$	3.8		—		(5	)%
Average Loans (in billions) (2)	$	5.6		$	5.5		$	5.2		$	5.1		$	5.1		—		(9	)%
EOP Loans (in billions) (2)	$	5.4		$	5.4		$	5.3		$	5.0		$	4.9		(2	)%	(9	)%
Average Yield (3)	21.19		%	20.73		%	19.77		%	20.24		%	20.32		%	—		(4	)%

Net Interest Revenue (in millions) (4)	$	330		$	310		$	266		$	276		$	265		(4	)%	(20	)%
As a % of Average Loans (4)	23.38		%	22.36		%	20.57		%	21.77		%	20.67		%
Net Credit Losses (in millions)	$	163		$	148		$	144		$	123		$	122		(1	)%	(25	)%
As a % of Average Loans	11.55		%	10.68		%	11.14		%	9.70		%	9.52		%
Net Credit Margin (in millions) (5)	$	282		$	279		$	229		$	260		$	242		(7	)%	(14	)%
As a % of Average Loans (5)	19.98		%	20.13		%	17.71		%	20.50		%	18.88		%
Loans 90+ Days Past Due (in millions)	$	169		$	173		$	149		$	145		$	131		(10	)%	(22	)%
As a % of EOP Loans	3.13		%	3.20		%	2.81		%	2.90		%	2.67		%
Loans 30-89 Days Past Due (in millions)	$	181		$	157		$	152		$	137		$	131		(4	)%	(28	)%
As a % of EOP Loans	3.35		%	2.91		%	2.87		%	2.74		%	2.67		%

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

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

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

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

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

Page 13

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Net Interest Revenue	$	1,105		$	1,096		$	1,101		$	1,116		$	1,136		2	%	3	%	$	3,394		$	3,353		(1	)%
Non-Interest Revenue	591			548			554			613			622			1	%	5	%	1,969			1,789			(9	)%
Total Revenues, Net of Interest Expense	1,696			1,644			1,655			1,729			1,758			2	%	4	%	5,363			5,142			(4	)%
Total Operating Expenses	1,117			1,117			1,182			1,146			1,127			(2	)%	1	%	3,460			3,455			—
Net Credit Losses	175			184			160			160			168			5	%	(4	)%	537			488			(9	)%
Credit Reserve Build / (Release)	(61		)	22			(11		)	(24		)	(4		)	83	%	93	%	(111		)	(39		)	65	%
Provision for Unfunded Lending Commitments	—			—			—			—			(3		)	NM		NM		(2		)	(3		)	(50	)%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	114			206			149			136			161			18	%	41	%	424			446			5	%
Income from Continuing Operations before Taxes	465			321			324			447			470			5	%	1	%	1,479			1,241			(16	)%
Income Taxes	160			104			109			150			160			7	%	—		499			419			(16	)%
Income from Continuing Operations	305			217			215			297			310			4	%	2	%	980			822			(16	)%
Noncontrolling Interests	6			—			1			1			1			—		(83	)%	4			3			(25	)%
Net Income	$	299		$	217		$	214		$	296		$	309		4	%	3	%	$	976		$	819		(16	)%
Average Assets (in billions of dollars)	$	116		$	117		$	116		$	119		$	121		2	%	4	%	$	117		$	119		2	%
Return on Average Assets	1.02		%	0.74		%	0.74		%	1.00		%	1.02		%					1.12		%	0.92		%
Efficiency Ratio	66		%	68		%	71		%	66		%	64		%					65		%	67		%

Net Credit Losses as a % of Average Loans	0.80		%	0.85		%	0.76		%	0.76		%	0.78		%					0.80		%	0.77		%

Revenue by Business
Retail Banking	$	1,067		$	1,008		$	1,041		$	1,077		$	1,094		2	%	3	%	$	3,398		$	3,212		(5	)%
Citi-Branded Cards	629			636			614			652			664			2	%	6	%	1,965			1,930			(2	)%
Total	$	1,696		$	1,644		$	1,655		$	1,729		$	1,758		2	%	4	%	$	5,363		$	5,142		(4	)%

Net Credit Losses by Business
Retail Banking	$	75		$	94		$	62		$	61		$	73		20	%	(3	)%	$	225		$	196		(13	)%
Citi-Branded Cards	100			90			98			99			95			(4	)%	(5	)%	312			292			(6	)%
Total	$	175		$	184		$	160		$	160		$	168		5	%	(4	)%	$	537		$	488		(9	)%

Income from Continuing Operations by Business
Retail Banking	$	185		$	111		$	120		$	204		$	191		(6	)%	3	%	$	627		$	515		(18	)%
Citi-Branded Cards	120			106			95			93			119			28	%	(1	)%	353			307			(13	)%
Total	$	305		$	217		$	215		$	297		$	310		4	%	2	%	$	980		$	822		(16	)%

FX Translation Impact:
Total Revenue - as Reported	$	1,696		$	1,644		$	1,655		$	1,729		$	1,758		2	%	4	%	$	5,363		$	5,142		(4	)%
Impact of FX Translation (2)	19			26			31			12			—							(123		)	—
Total Revenues - Ex-FX (2)	$	1,715		$	1,670		$	1,686		$	1,741		$	1,758		1	%	3	%	$	5,240		$	5,142		(2	)%

Total Operating Expenses - as Reported	$	1,117		$	1,117		$	1,182		$	1,146		$	1,127		(2	)%	1	%	$	3,460		$	3,455		—
Impact of FX Translation (2)	9			15			23			6			—							(96		)	—
Total Operating Expenses - Ex-FX (2)	$	1,126		$	1,132		$	1,205		$	1,152		$	1,127		(2	)%	—		$	3,364		$	3,455		3	%

Provisions for LLR & PBC - as Reported	$	114		$	206		$	149		$	136		$	161		18	%	41	%	$	424		$	446		5	%
Impact of FX Translation (2)	2			5			3			1			—							(11		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	116		$	211		$	152		$	137		$	161		18	%	39	%	$	413		$	446		8	%

Net Income - as Reported	$	299		$	217		$	214		$	296		$	309		4	%	3	%	$	976		$	819		(16	)%
Impact of FX Translation (2)	5			4			4			4			—							—			—
Net Income - Ex-FX (2)	$	304		$	221		$	218		$	300		$	309		3	%	2	%	$	976		$	819		(16	)%

(1) Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the third quarter of 2016 average exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 14

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																	3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q				(Decrease) from
	2015			2015			2016			2016			2016				2Q16		3Q15
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	521			513			481			461			458				(1	)%	(12	)%
Accounts (in millions)	17.7			17.5			17.2			17.1			16.9				(1	)%	(5	)%
Average Deposits	$	86.4		$	86.7		$	87.2		$	89.4		$	91.6			2	%	6	%
Investment Sales	$	8.2		$	6.0		$	6.1		$	7.5		$	8.6			15	%	5	%
Investment AUMs	$	55.1		$	57.0		$	56.1		$	56.1		$	56.8			1	%	3	%
Average Loans	$	69.7		$	69.0		$	67.5		$	67.5		$	67.9			1	%	(3	)%
EOP Loans:
Real Estate Lending	$	34.3		$	34.4		$	34.7		$	33.5		$	33.3			(1	)%	(3	)%
Commercial Markets	15.3			14.8			14.8			15.2			15.8				4	%	3	%
Personal and Other	19.0			19.2			19.2			18.8			19.0				1	%	—
Total EOP Loans	$	68.6		$	68.4		$	68.7		$	67.5		$	68.1			1	%	(1	)%

Net Interest Revenue (in millions) (2)	$	659		$	646		$	663		$	664		$	669			1	%	2	%
As a % of Average Loans (2)	3.75		%	3.71		%	3.95		%	3.96		%	3.92		%
Net Credit Losses (in millions)	$	75		$	94		$	62		$	61		$	73			20	%	(3	)%
As a % of Average Loans	0.43		%	0.54		%	0.37		%	0.36		%	0.43		%
Loans 90+ Days Past Due (in millions)	$	179		$	173		$	174		$	178		$	163			(8	)%	(9	)%
As a % of EOP Loans	0.26		%	0.25		%	0.25		%	0.26		%	0.24		%
Loans 30-89 Days Past Due (in millions)	$	327		$	334		$	339		$	346		$	328			(5	)%	—
As a % of EOP Loans	0.48		%	0.49		%	0.49		%	0.51		%	0.48		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	17.1			16.9			16.6			16.6			16.4			(1		)%	(4	)%
Purchase Sales (in billions)	$	18.2		$	19.3		$	18.1		$	18.7		$	18.7		—			3	%
Average Loans (in billions) (3)	$	17.1		$	17.3		$	17.4		$	17.4		$	17.6		1		%	3	%
EOP Loans (in billions) (3)	$	17.0		$	17.6		$	17.6		$	17.6		$	17.7		1		%	4	%
Average Yield (4)	12.42		%	12.39		%	12.51		%	12.70		%	12.82		%	1		%	3	%

Net Interest Revenue (in millions) (5)	$	446		$	450		$	438		$	453		$	467		3		%	5	%
As a % of Average Loans (6)	10.35		%	10.32		%	10.12		%	10.47		%	10.56		%
Net Credit Losses (in millions)	$	100		$	90		$	98		$	99		$	95		(4		)%	(5	)%
As a % of Average Loans	2.32		%	2.06		%	2.27		%	2.29		%	2.15		%
Net Credit Margin (in millions) (6)	$	528		$	546		$	516		$	553		$	569		3		%	8	%
As a % of Average Loans (6)	12.25		%	12.52		%	11.93		%	12.78		%	12.86		%
Loans 90+ Days Past Due	$	171		$	180		$	180		$	176		$	188		7		%	10	%
As a % of EOP Loans	1.01		%	1.02		%	1.02		%	1.00		%	1.06		%
Loans 30-89 Days Past Due	$	220		$	226		$	235		$	227		$	239		5		%	9	%
As a % of EOP Loans	1.29		%	1.28		%	1.34		%	1.29		%	1.35		%

(1)	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.

Page 15

CITICORP

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Commissions and Fees	$	958		$	926		$	1,003		$	955		$	928		(3	)%	(3	)%	2,945			2,886			(2	)%
Administration and Other Fiduciary Fees	594			573			597			638			610			(4	)%	3	%	1,870			1,845			(1	)%
Investment Banking	828			1,028			740			1,029			917			(11	)%	11	%	3,082			2,686			(13	)%
Principal Transactions	1,209			619			1,574			1,911			2,063			8	%	71	%	5,199			5,548			7	%
Other	903			55			(8		)	46			(126		)	NM		NM		1,353			(88		)	NM
Total Non-Interest Revenue	4,492			3,201			3,906			4,579			4,392			(4	)%	(2	)%	14,449			12,877			(11	)%
Net Interest Revenue (including Dividends)	4,167			4,108			4,130			4,267			4,236			(1	)%	2	%	12,233			12,633			3	%
Total Revenues, Net of Interest Expense	8,659			7,309			8,036			8,846			8,628			(2	)%	—		26,682			25,510			(4	)%
Total Operating Expenses	4,715			4,865			4,869			4,760			4,680			(2	)%	(1	)%	14,209			14,309			1	%
Net Credit Losses	37			96			211			141			45			(68	)%	22	%	118			397			NM
Credit Reserve Build / (Release)	193			465			108			(26		)	(93		)	NM		NM		189			(11		)	NM
Provision for Unfunded Lending Commitments	83			89			71			(33		)	(42		)	(27	)%	NM		5			(4		)	NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	313			650			390			82			(90		)	NM		NM		312			382			22	%
Income from Continuing Operations before Taxes	3,631			1,794			2,777			4,004			4,038			1	%	11	%	12,161			10,819			(11	)%
Income Taxes	1,198			532			818			1,289			1,266			(2	)%	6	%	3,894			3,373			(13	)%
Income from Continuing Operations	2,433			1,262			1,959			2,715			2,772			2	%	14	%	8,267			7,446			(10	)%
Noncontrolling Interests	(6		)	7			10			17			19			12	%	NM		44			46			5	%
Net Income	$	2,439		$	1,255		$	1,949		$	2,698		$	2,753		2	%	13	%	$	8,223		$	7,400		(10	)%
Average Assets (in billions of dollars)	$	1,264		$	1,257		$	1,271		$	1,299		$	1,309		1	%	4	%	$	1,276		$	1,293		1	%
Return on Average Assets (ROA)	0.77		%	0.40		%	0.62		%	0.84		%	0.84		%					0.86		%	0.76		%
ROA (Excluding CVA/DVA) (1)(2)	0.72		%	0.43		%	0.62		%	0.84		%	0.84		%					0.83		%	0.76		%
Efficiency Ratio	54		%	67		%	61		%	54		%	54		%					53		%	56		%

Revenue by Region - Excluding CVA/DVA (2)
North America	$	3,346		$	2,779		$	3,046		$	3,478		$	3,276		(6	)%	(2	)%	$	10,043		$	9,800		(2	)%
EMEA	2,253			2,132			2,207			2,615			2,554			(2	)%	13	%	7,694			7,376			(4	)%
Latin America	1,062			970			975			1,033			1,009			(2	)%	(5	)%	3,073			3,017			(2	)%
Asia	1,777			1,614			1,808			1,720			1,789			4	%	1	%	5,417			5,317			(2	)%
Total	$	8,438		$	7,495		$	8,036		$	8,846		$	8,628		(2	)%	2	%	$	26,227		$	25,510		(3	)%
CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above}	221			(186		)	—			—			—			—		(100	)%	455			—			(100	)%
Total Revenues, net of Interest Expense	$	8,659		$	7,309		$	8,036		$	8,846		$	8,628		(2	)%	—		$	26,682		$	25,510		(4	)%

Income from Continuing Operations by Region - Excluding CVA/DVA (2)
North America	$	931		$	517		$	584		$	1,059		$	1,119		6	%	20	%	$	2,900		$	2,762		(5	)%
EMEA	408			231			399			720			680			(6	)%	67	%	2,024			1,799			(11	)%
Latin America	397			190			337			396			396			—		—		1,198			1,129			(6	)%
Asia	554			441			639			540			577			7	%	4	%	1,856			1,756			(5	)%
Total	$	2,290		$	1,379		$	1,959		$	2,715		$	2,772		2	%	21	%	$	7,978		$	7,446		(7	)%
CVA/DVA (after-tax) for Periods Prior to 1Q16 {excluded as applicable in lines above}	143			(117		)	—			—			—			—		(100	)%	289			—			(100	)%
Income from Continuing Operations	$	2,433		$	1,262		$	1,959		$	2,715		$	2,772		2	%	14	%	$	8,267		$	7,446		(10	)%

Average Loans by Region (in billions)
North America	$	126		128			$	129		$	133		$	135		2	%	7	%	$	122		$	132		8	%
EMEA	63			62			63			67			68			1	%	8	%	62			66			6	%
Latin America	40			43			43			42			43			2	%	8	%	40			43			8	%
Asia	62			61			60			61			60			(2	)%	(3	)%	62			60			(3	)%
Total	$	291		$	294		$	295		$	303		$	306		1	%	5	%	$	286		$	301		5	%

EOP Deposits by Region (in billions)
North America	$	200		$	199		$	199		$	205		$	212		4	%	6	%
EMEA	173			171			181			179			181			1	%	4	%
Latin America	63			64			68			64			63			(2	)%	1	%
Asia	159			154			159			159			161			1	%	1	%
Total	$	595		$	588		$	607		$	607		$	617		2	%	4	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	399		$	392		$	415		$	405		$	415		2	%	4	%
All Other ICG Businesses	196			196			192			202			202			—		3	%
Total	$	595		$	588		$	607		$	607		$	617		2	%	4	%

(1) For all periods prior to the first quarter of 2016, ROA excluding CVA/DVA is defined as annualized net income (less CVA/DVA), divided by average assets. See above for after-tax CVA/DVA for each period presented.

(2) See footnote 2 on page 4.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 16

CITICORP

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Revenue Details - Excluding CVA/DVA:
Investment Banking:
Advisory	$	239		$	302		$	227		$	238		$	239		—		—		$	791		$	704		(11	)%
Equity Underwriting	173			206			118			174			146			(16	)%	(16	)%	700			438			(37	)%
Debt Underwriting	532			623			530			805			701			(13	)%	32	%	1,945			2,036			5	%
Total Investment Banking	944			1,131			875			1,217			1,086			(11	)%	15	%	3,436			3,178			(8	)%
Treasury and Trade Solutions	1,933			1,992			1,951			2,048			2,039			—		5	%	5,778			6,038			4	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	433			432			455			389			450			16	%	4	%	1,385			1,294			(7	)%
Private Bank	715			691			746			738			746			1	%	4	%	2,171			2,230			3	%
Total Banking Revenues (Ex-CVA/DVA and Gain/(Loss) on Loan Hedges) (1) (2)	$	4,025		$	4,246		$	4,027		$	4,392		$	4,321		(2	)%	7	%	$	12,770		$	12,740		—

Corporate Lending - Gain/(Loss) on Loan Hedges (2)	352			(14		)	(66		)	(203		)	(218		)	(7	)%	NM		338			(487		)	NM
Total Banking Revenues (Ex-CVA/DVA) and including G(L) on Loan Hedges (1)	$	4,377		$	4,232		$	3,961		$	4,189		$	4,103		(2	)%	(6	)%	$	13,108		$	12,253		(7	)%

Fixed Income Markets	2,566			2,221			3,085			3,468			3,466			—		35	%	9,097			10,019			10	%
Equity Markets	1,002			603			706			788			663			(16	)%	(34	)%	2,518			2,157			(14	)%
Securities Services	513			517			562			531			536			1	%	4	%	1,626			1,629			—
Other	(20		)	(78		)	(278		)	(130		)	(140		)	(8	)%	NM		(122		)	(548		)	NM
Total Markets and Securities Services (Ex-CVA/DVA) (1)	$	4,061		$	3,263		$	4,075		$	4,657		$	4,525		(3	)%	11	%	$	13,119		$	13,257		1	%

Total ICG (Ex-CVA/DVA) (1)	$	8,438		$	7,495		$	8,036		$	8,846		$	8,628		(2	)%	2	%	$	26,227		$	25,510		(3	)%

CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above}	221			(186		)	—			—			—			—		(100	)%	455			—			(100	)%
Total Revenues, net of Interest Expense	$	8,659		$	7,309		$	8,036		$	8,846		$	8,628		(2	)%	—		$	26,682		$	25,510		(4	)%

Taxable-equivalent adjustments (3)	$	162		$	173		$	166		$	144		$	162		13	%	—		$	487		$	472		(3	)%

Total ICG Revenues (Ex-CVA/DVA) and including Taxable-equivalent adjustments (1) (3)	$	8,600		$	7,668		$	8,202		$	8,990		$	8,790		(2	)%	2	%	$	26,714		$	25,982		(3	)%

(1) See footnote 2 on page 4.

(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. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

(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.

Page 17

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Net Interest Revenue	$	(64	)	$	(39	)	$	94		$	56		$	(9	)	NM		86	%	$	(113	)	$	141		NM
Non-Interest Revenue	282			146			180			70			37			(47	)%	(87	)%	914			287			(69	)%
Total Revenues, Net of Interest Expense	218			107			274			126			28			(78	)%	(87	)%	801			428			(47	)%
Total Operating Expenses	349			473			418			447			458			2	%	31	%	1,277			1,323			4	%
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	(131		)	(366		)	(144		)	(321		)	(430		)	(34	)%	NM		(476		)	(895		)	(88	)%
Income Taxes (Benefits)	(314		)	(467		)	(115		)	(232		)	(183		)	21	%	42	%	(871		)	(530		)	39	%
Income (Loss) from Continuing Operations	183			101			(29		)	(89		)	(247		)	NM		NM		395			(365		)	NM
Income (Loss) from Discontinued Operations, net of taxes	(10		)	(45		)	(2		)	(23		)	(30		)	(30	)%	NM		(9		)	(55		)	NM
Noncontrolling Interests	3			7			(8		)	3			(5		)	NM		NM		11			(10		)	NM
Net Income (Loss)	$	170		$	49		$	(23	)	$	(115	)	$	(272	)	NM		NM		$	375		$	(410	)	NM
EOP Assets (in billions of dollars)	$	52		$	52		$	51		$	49		$	43		(12	)%	(17	)%
Average Assets (in billions of dollars)	$	59		$	51		$	51		$	49		$	47		(4	)%	(20	)%	$	56		$	49		(13	)%

(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.

Page 18

CITI HOLDINGS

INCOME STATEMENT AND BALANCE SHEET DATA

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)
Revenues
Net interest revenue	$	1,151		$	847		$	597		$	549		$	482		(12	)%	(58	)%	$	3,610		$	1,628		(55	)%
Non-interest revenue (1)	530			2,318			878			294			395			34	%	(25	)%	2,185			1,567			(28	)%
Total revenues, net of interest expense	1,681			3,165			1,475			843			877			4	%	(48	)%	5,795			3,195			(45	)%

Provisions for Credit Losses and for Benefits and Claims
Net Credit Losses	272			261			143			102			129			26	%	(53	)%	1,075			374			(65	)%
Credit Reserve Build / (Release) (1) (2)	(171		)	73			(31		)	(224		)	(122		)	46	%	29	%	(528		)	(377		)	29	%
Provision for loan losses	101			334			112			(122		)	7			NM		(93	)%	547			(3		)	NM
Provision for Benefits and Claims	161			134			60			29			10			(66	)%	(94	)%	490			99			(80	)%
Provision for unfunded lending commitments	(19		)	(1		)	(2		)	(5		)	—			100	%	100	%	(22		)	(7		)	68	%
Total provisions for credit losses and for benefits and claims	243			467			170			(98		)	17			NM		(93	)%	1,015			89			(91	)%

Total operating expenses	1,374			1,450			828			858			826			(4	)%	(40	)%	4,121			2,512			(39	)%

Income (Loss) from Continuing Operations before Income Taxes	64			1,248			477			83			34			(59	)%	(47	)%	659			594			(10	)%
Provision (benefits) for income taxes	65			568			130			(15		)	(40		)	NM		NM		354			75			(79	)%

Income (Loss) from Continuing Operations	(1		)	680			347			98			74			(24	)%	NM		305			519			70	%

Noncontrolling Interests	—			10			1			5			—			(100	)%	—		1			6			NM
Citi Holding’s Net Income (Loss)	$	(1	)	$	670		$	346		$	93		$	74		(20	)%	NM		$	304		$	513		69	%
Average Assets (in billions of dollars)	$	120		$	97		$	78		$	71		$	64		(10	)%	(47	)%	$	127		$	71		(44	)%
Return on Average Assets	0.00		%	2.74		%	1.78		%	0.53		%	0.46		%					0.32		%	0.97		%
Efficiency Ratio	82		%	46		%	56		%	102		%	94		%					71		%	79		%



Balance Sheet Data (in billions):

Total EOP Assets	$	117		$	81		$	73		$	66		$	61		(8	)%	(48	)%	$	117		$	61		(48	)%

Total EOP Loans	$	60		$	49		$	45		$	41		$	39		(6	)%	(35	)%	$	60		$	39		(35	)%

Total EOP Deposits	$	11		$	10		$	9		$	6		$	6		(8	)%	(44	)%	$	11		$	6		(44	)%

Consumer Net Credit Losses as a % of Average Loans	1.67		%	1.81		%	1.25		%	0.94		%	1.31		%					2.01		%	1.16		%

(1) As a result of Citigroup’s entry into an agreement in March 2015 to sell OneMain Financial (OneMain), OneMain was classified as held-for-sale (HFS) at the end of the first quarter 2015. As a result of HFS accounting treatment, approximately $116 million and $74 million of cost of credit was recorded as a reduction in revenue (Other revenue) during the third and fourth quarters of 2015, respectively. The OneMain sale was completed on November 15, 2015.

(2) The fourth quarter of 2015 includes a build of $162 million related to the transfer of approximately $8 billion of mortgage loans to Loans Held-for-sale at the end of the quarter. The second quarter of 2016 includes an $89 million release related to sales and transfers of mortgage loans during the quarter.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 19

CITI HOLDINGS

CONSUMER KEY INDICATORS - Page 1

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15

CITI HOLDINGS KEY INDICATORS:

Consumer - International (1) (2)

Branches (actual)	304			293			246			223			224			—		(26	)%

Average Loans (in billions)	$	8.8		$	8.3		$	6.7		$	6.1		$	5.4		(11	)%	(39	)%

EOP Loans:
Real Estate Lending	$	1.0		$	0.6		$	0.5		$	0.5		$	0.5		—		(50	)%
Cards	3.8			3.6			2.8			2.6			2.6			—		(32	)%
Commercial Markets	2.1			2.0			1.0			0.5			0.5			—		(76	)%
Personal and Other	1.8			2.0			2.1			1.9			1.9			—		6	%
EOP Loans (in billions of dollars)	$	8.7		$	8.2		$	6.4		$	5.5		$	5.5		—		(37	)%
Net Interest Revenue	$	389		$	336		$	269		$	259		$	246		(5	)%	(37	)%
As a % of Average Loans	17.54		%	16.06		%	16.15		%	17.08		%	18.12		%
Net Credit Losses	$	93		$	122		$	78		$	77		$	82		6	%	(12	)%
As a % of Average Loans	4.19		%	5.83		%	4.68		%	5.08		%	6.04		%
Loans 90+ Days Past Due	$	174		$	157		$	145		$	170		$	164		(4	)%	(6	)%
As a % of EOP Loans	2.00		%	1.91		%	2.27		%	3.09		%	2.98		%
Loans 30-89 Days Past Due	$	193		$	179		$	161		$	138		$	135		(2	)%	(30	)%
As a % of EOP Loans	2.22		%	2.18		%	2.52		%	2.51		%	2.45		%

Consumer - North America (3)

Branches (actual)	272			272			266			261			259			(1	)%	(5	)%

Average Loans (in billions of dollars)	$	52.7		$	49.4		$	39.4		$	37.2		$	35.4		(5	)%	(33	)%

EOP Loans (in billions of dollars)	$	50.7		$	40.5		$	38.6		$	35.7		$	33.4		(6	)%	(34	)%
Net Interest Revenue	$	766		$	522		$	335		$	295		$	233		(21	)%	(70	)%
As a % of Average Loans	2.00		%	1.90		%	3.42		%	3.19		%	2.62		%
Net Credit Losses	$	166		$	141		$	65		$	24		$	52		NM		(69	)%
As a % of Average Loans	1.25		%	1.13		%	0.66		%	0.26		%	0.58		%
Loans 90+ Days Past Due (4)	$	1,354		$	770		$	751		$	708		$	693		(2	)%	(49	)%
As a % of EOP Loans	2.81		%	2.01		%	2.05		%	2.09		%	2.17		%
Loans 30-89 Days Past Due (4)	$	1,230		$	857		$	768		$	720		$	714		(1	)%	(42	)%
As a % of EOP Loans	2.56		%	2.24		%	2.09		%	2.12		%	2.24		%

(1)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(2)	The third quarter of 2015 reflects the transfers of loans and branches to held-for-sale (HFS) as a result of the agreement in December 2014 to sell the Japan retail banking business (Japan Retail). The third quarter of 2015 reflects the transfers of loans to HFS as a result of the agreement in March 2015 to sell the Japan cards business (Japan Cards). The third and fourth quarters of 2015 reflect the HFS reclassification of interest revenue on loans to other interest earning assets. The Japan Cards sale was completed on December 14, 2015.
(3)	The third quarter of 2015 reflects the transfer of loans and branches to HFS resulting from the agreement to sell OneMain. As a result of HFS accounting treatment, approximately $131 million and $73 million of net credit losses (NCLs) were recorded as a reduction of revenue (Other revenue) during the third and fourth quarters of 2015, respectively. The third and fourth quarters of 2015 reflect the HFS reclassification of interest revenue on loans to other interest earning assets.
(4)	The second quarter of 2016 includes a $23 million recovery of prior credit losses related to sales of mortgage assets during the quarter.

Reclassified to conform to the current period’s presentation.

Page 20

CITI HOLDINGS

CONSUMER KEY INDICATORS - Page 2

(In millions of dollars, except as otherwise noted)

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15

CITI HOLDINGS KEY INDICATORS:

North America Mortgages

CMI (CitiMortgage)	$	21.4		$	20.1		$	17.9		$	16.4		$	15.0		(9	)%	(30	)%
CFNA (CitiFinancial - North America)	6.4			5.6			0.2			0.1			—			(100	)%	(100	)%
Residential First	27.8			25.7			18.1			16.5			15.0			(9	)%	(46	)%
Home Equity	22.0			21.0			18.6			18.0			17.2			(4	)%	(22	)%
Average Loans (in billions of dollars)	$	49.8		$	46.7		$	36.7		$	34.5		$	32.2		(7	)%	(35	)%

CMI	$	20.6		$	18.5		$	17.4		$	15.6		$	14.4		(8	)%	(30	)%
CFNA	5.8			0.2			0.2			0.2			—			(100	)%	(100	)%
Residential First	26.4			18.7			17.6			15.8			14.4			(9	)%	(45	)%
Home Equity	21.5			19.1			18.3			17.3			16.5			(5	)%	(23	)%
EOP Loans (in billions of dollars) (1)	$	47.9		$	37.8		$	35.9		$	33.1		$	30.9		(7	)%	(35	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	36.4		$	34.0		$	29.3		$	28.5		$	18.6		(35	)%	(49	)%
Net Servicing & Gain/(Loss) on Sale	$	49.6		$	5.0		$	118.4		$	19.4		$	17.0		(12	)%	(66	)%
Net Interest Revenue	$	274		$	239		$	254		$	223		$	152		(32	)%	(45	)%
As a % of Avg. Loans	2.18		%	2.03		%	2.78		%	2.60		%	1.88		%

CMI (2)	$	9		$	9		$	—		$	(13	)	$	6		NM		(33	)%
CFNA	75			56			1			1			1			—		(99	)%
Residential First	$	84		$	65		$	1		$	(12	)	$	7		NM		(92	)%
Home Equity	61			56			42			13			23			77	%	(62	)%
Net Credit Losses (NCLs)	$	145		$	121		$	43		$	1		$	30		NM		(79	)%
As a % of Avg. Loans	1.16		%	1.03		%	0.47		%	0.01		%	0.37		%

CMI	$	489		$	319		$	310		$	263		$	241		(8	)%	(51	)%
CFNA	392			4			4			4			4			—		(99	)%
Residential First	881			323			314			267			245			(8	)%	(72	)%
Home Equity	441			417			409			414			418			1	%	(5	)%
Loans 90+ Days Past Due (1) (3) (4)	$	1,322		$	740		$	723		$	681		$	663		(3	)%	(50	)%
As a % of EOP Loans	2.92		%	2.08		%	2.13		%	2.18		%	2.26		%

CMI	$	666		$	537		$	451		$	431		$	425		(1	)%	(36	)%
CFNA	205			2			3			2			1			(50	)%	(100	)%
Residential First	871			539			454			433			426			(2	)%	(51	)%
Home Equity	311			271			274			241			244			1	%	(22	)%
Loans 30-89 Days Past Due (1) (3) (4)	$	1,182		$	810		$	728		$	674		$	670		(1	)%	(43	)%
As a % of EOP Loans	2.61		%	2.28		%	2.14		%	2.15		%	2.28		%

North America Personal Loans (5)
Average Loans (in billions of dollars)	$	0.8		$	0.8		$	0.9		$	0.9		$	0.9		—		13	%
EOP Loans (in billions of dollars)	$	0.9		$	0.9		$	0.9		$	0.9		$	0.9		—		—
Net Interest Revenue	$	505		$	279		$	63		$	63		$	63		—		(88	)%
As a % of Avg. Loans	N/A			N/A			N/A			N/A			N/A
Net Credit Losses	$	15		$	14		$	18		$	19		$	19		—		27	%
As a % of Avg. Loans	7.44		%	6.94		%	8.04		%	8.49		%	8.40		%
Loans 90+ Days Past Due	$	19		$	18		$	19		$	19		$	20		5	%	5	%
As a % of EOP Loans	2.11		%	2.00		%	2.11		%	2.11		%	2.22		%
Loans 30-89 Days Past Due	$	15		$	14		$	15		$	21		$	19		(10	)%	27	%
As a % of EOP Loans	1.67		%	1.56		%	1.67		%	2.33		%	2.11		%

(1)	The fourth quarter of 2015 reflects the transfer of approximately $8 billion of mortgage loans to Loans, held-for-sale (HFS) (included within Other assets). Delinquencies and related ratios are not included for Loans HFS.
(2)	See footnote 4 on page 20.
(3)	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 $1.7 billion and ($2.6 billion), $1.5 billion and ($2.2 billion), $1.3 billion and ($1.9 billion), $1.2 billion and ($1.8 billion), and $1.0 billion and ($1.5 billion), as of September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016, respectively.

	The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.3 billion and ($2.6 billion), $0.2 billion and ($2.2 billion), $0.2 billion and ($1.9 billion), $0.2 billion and ($1.8 billion), and $0.1 billion and ($1.5 billion), as of September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016, respectively.
(4)	The September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $12 million, $11 million, $9 million, $9 million and $9 million, respectively, of loans that are carried at fair value.
(5)	See footnote 3 on page 20.

N/A	Not applicable for the third and fourth quarters of 2015 as a result of the loans related to the announced sale of OneMain being reclassified from loans to assets held-for-sale (Other assets).

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 21

AVERAGE BALANCES AND INTEREST RATES (1)(2)(3)(4)(5)

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
	Third		Second		Third		Third		Second		Third		Third		Second		Third
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2015		2016		2016		2015		2016		2016		2015		2016		2016
Assets:
Deposits with Banks	$	139,349	$	135,245	$	131,571	$	187	$	237	$	247	0.53	%	0.70	%	0.75	%
Fed Funds Sold and Resale Agreements (6)	233,831		232,529		234,996		656		664		636		1.11	%	1.15	%	1.08	%
Trading Account Assets (7)	210,187		209,677		209,864		1,531		1,573		1,471		2.89	%	3.02	%	2.79	%
Investments	335,123		351,524		354,789		1,802		1,998		1,946		2.13	%	2.29	%	2.18	%
Total Loans (net of Unearned Income) (8)	623,205		620,648		635,771		9,995		9,765		10,246		6.36	%	6.33	%	6.41	%
Other Interest-Earning Assets	60,459		45,639		44,010		661		236		220		4.34	%	2.08	%	1.99	%
Total Average Interest-Earning Assets	$	1,602,154	$	1,595,262	$	1,611,001	$	14,832	$	14,473	$	14,766	3.67	%	3.65	%	3.65	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	696,882	$	721,895	$	731,231	$	951	$	1,039	$	1,107	0.54	%	0.58	%	0.60	%
Deposit Insurance and FDIC Assessment	—		—		—		264		267		336
Total Deposits	696,882		721,895		731,231		1,215		1,306		1,443		0.69	%	0.73	%	0.79	%
Fed Funds Purchased and Repurchase Agreements (6)	174,245		161,202		157,984		379		527		459		0.86	%	1.31	%	1.16	%
Trading Account Liabilities (7)	70,470		73,380		76,237		57		96		102		0.32	%	0.53	%	0.53	%
Short-Term Borrowings	132,021		65,078		81,304		159		109		90		0.48	%	0.67	%	0.44	%
Long-Term Debt (9)	187,636		182,220		181,933		1,131		1,082		1,079		2.39	%	2.39	%	2.36	%
Total Average Interest-Bearing Liabilities	$	1,261,254	$	1,203,775	$	1,228,689	$	2,941	$	3,120	$	3,173	0.93	%	1.04	%	1.03	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,261,254	$	1,203,775	$	1,228,689	$	2,677	$	2,853	$	2,837	0.84	%	0.95	%	0.92	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,891	$	11,353	$	11,593	2.94	%	2.86	%	2.86	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	12,155	$	11,620	$	11,929	3.01	%	2.93	%	2.95	%

3Q16 Increase (Decrease) From													(8	)bps	—	bps

3Q16 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(6	)bps	2	bps

(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $118 million for the third quarter of 2015, $117 million for the second quarter of 2016 and $114 million for the third quarter of 2016.

(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.

Page 22

DEPOSITS

(In billions of dollars)

												3Q16 Increase/
	3Q		4Q		1Q			2Q		3Q		(Decrease) from
	2015		2015		2016			2016		2016		2Q16		3Q15

Citicorp Deposits by Business

Global Consumer Banking
North America	$	180.0	$	181.6	$	183.7		$	183.3	$	185.6	1	%	3	%
Latin America	26.2		28.7		28.3			28.2		27.4		(3	)%	5	%
Asia (1)	87.0		87.6		90.7			90.5		93.6		3	%	8	%
Total	$	293.2	$	297.9	$	302.7		$	302.0	$	306.6	2	%	5	%

ICG
North America	$	200.0	$	198.5	$	198.7		$	205.2	$	212.4	4	%	6	%
EMEA	173.3		170.6		181.3			178.6		181.0		1	%	4	%
Latin America	62.6		64.3		68.1			64.4		63.3		(2	)%	1	%
Asia	159.2		154.3		159.0			158.6		160.5		1	%	1	%
Total	$	595.1	$	587.7	$	607.1		$	606.8	$	617.2	2	%	4	%

Corporate/Other	$	5.3	$	12.0	$	15.6		$	22.7	$	10.6	(53	)%	100	%

Total Citicorp	$	893.6	$	897.6	$	925.4		$	931.5	$	934.4	—		5	%

Total Citi Holdings	$	10.6	$	10.3	$	9.2		$	6.4	$	5.9	(8	)%	(44	)%

Total Citigroup Deposits - EOP	$	904.2	$	907.9	$	934.6		$	937.9	$	940.3	—		4	%

Total Citigroup Deposits - Average	$	903.1	$	908.8	$	911.7		$	935.6	$	944.2	1	%	5	%

Foreign Currency (FX) Translation Impact:
Total Citigroup EOP Deposits - as Reported	$	904.2	$	907.9	$	934.6		$	937.9	$	940.3	—		4	%
Impact of FX Translation (2)	0.7		0.6		(5.2		)	0.1		—
Total Citigroup EOP Deposits - Ex-FX (2)	$	904.9	$	908.5	$	929.4		$	938.0	$	940.3	—		4	%

(1) Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Reflects the impact of FX translation into U.S. Dollars at the third quarter of 2016 exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 23

EOP LOANS (1) - Page 1

CITICORP

(In billions of dollars)

														3Q16 Increase/
	3Q			4Q			1Q			2Q		3Q		(Decrease) from
	2015			2015			2016			2016		2016		2Q16		3Q15

Citicorp:
Global Consumer Banking

North America
Credit Cards	$	107.9		$	113.3		$	107.4		$	120.8	$	125.2	4	%	16	%
Retail Banking	51.0			52.2			53.5			54.8		54.8		—		7	%
Total	$	158.9		$	165.5		$	160.9		$	175.6	$	180.0	3	%	13	%

Latin America
Credit Cards	$	5.4		$	5.4		$	5.3		$	5.0	$	4.9	(2	)%	(9	)%
Retail Banking	19.8			20.1			20.1			19.5		19.0		(3	)%	(4	)%
Total	$	25.2		$	25.5		$	25.4		$	24.5	$	23.9	(2	)%	(5	)%

Asia (1)
Credit Cards	$	17.0		$	17.6		$	17.6		$	17.6	$	17.7	1	%	4	%
Retail Banking	68.6			68.4			68.7			67.5		68.1		1	%	(1	)%
Total	$	85.6		$	86.0		$	86.3		$	85.1	$	85.8	1	%	—

Total Consumer Loans
Credit Cards	$	130.3		$	136.3		$	130.3		$	143.4	$	147.8	3	%	13	%
Retail Banking	139.4			140.7			142.3			141.8		141.9		—		2	%
Total Consumer	$	269.7		$	277.0		$	272.6		$	285.2	$	289.7	2	%	7	%

Total Corporate Loans
North America	$	127.8		$	126.8		$	131.9		$	134.9	$	139.6	3	%	9	%
EMEA	63.0			60.4			64.7			68.7		67.6		(2	)%	7	%
Latin America	41.4			43.6			42.5			42.2		42.2		—		2	%
Asia	60.8			60.8			61.7			61.1		59.7		(2	)%	(2	)%
Total Corporate Loans	$	293.0		$	291.6		$	300.8		$	306.9	$	309.1	1	%	5	%

Total Citicorp	$	562.7		$	568.6		$	573.4		$	592.1	$	598.8	1	%	6	%

Foreign Currency (FX) Translation Impact:
Total Citicorp EOP Loans - as Reported	$	562.7		$	568.6		$	573.4		$	592.1	$	598.8	1	%	6	%
Impact of FX Translation (2)	(1.5		)	(0.4		)	(3.6		)	0.2		—
Total Citicorp EOP Loans - Ex-FX (2)	$	561.2		$	568.2		$	569.8		$	592.3	$	598.8	1	%	7	%

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

(1) Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Reflects the impact of FX translation into U.S. Dollars at the third quarter of 2016 exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 24

EOP LOANS - Page 2

CITI HOLDINGS AND TOTAL CITIGROUP

(In billions of dollars)

													3Q16 Increase/
	3Q			4Q		1Q			2Q		3Q		(Decrease) from
	2015			2015		2016			2016		2016		2Q16		3Q15

Citi Holdings:

Consumer - North America
Mortgages (1)	47.9			37.8		35.9			33.1		30.9		(7	)%	(35	)%
Personal Loans	0.9			0.9		0.9			0.9		0.9		—		—
Other	1.9			1.8		1.8			1.7		1.6		(6	)%	(16	)%
Total	$	50.7		$	40.5	$	38.6		$	35.7	$	33.4	(6	)%	(34	)%

Consumer - International
Credit Cards	$	3.8		$	3.6	$	2.8		$	2.6	$	2.6	—		(32	)%
REL, Personal & Other	4.9			4.6		3.6			2.9		2.9		—		(41	)%
Total	$	8.7		$	8.2	$	6.4		$	5.5	$	5.5	—		(37	)%

Citi Holdings - Other	0.3			0.3		0.4			0.2		0.2		—		(33	)%

Total Citi Holdings	$	59.7		$	49.0	$	45.4		$	41.4	$	39.1	(6	)%	(35	)%

Total Citigroup	$	622.4		$	617.6	$	618.8		$	633.5	$	637.9	1	%	2	%

Consumer Loans	$	329.2		$	325.8	$	317.9		$	326.4	$	328.7	1	%	—
Corporate Loans	293.2			291.8		300.9			307.1		309.2		1	%	5	%
Total Citigroup	$	622.4		$	617.6	$	618.8		$	633.5	$	637.9	1	%	2	%

Foreign Currency (FX) Translation Impact:
Total Citigroup EOP Loans - as Reported	$	622.4		$	617.6	$	618.8		$	633.5	$	637.9	1	%	2	%
Impact of FX Translation (2)	(0.8		)	0.3		(3.4		)	0.2		—
Total Citigroup EOP Loans - Ex-FX (2)	$	621.6		$	617.9	$	615.4		$	633.7	$	637.9	1	%	3	%

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

(1)	See footnote 1 on page 21.
(2)	Reflects the impact of FX translation into U.S. Dollars at the third quarter of 2016 exchange rates for all periods presented.
	Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 25

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
	3Q			4Q			1Q			2Q			3Q			3Q
	2015			2015			2016			2016			2016			2016

Citicorp (2)
Total	$	1,981		$	2,119		$	2,022		$	1,965		$	2,169		$	289.7
*Ratio*	0.74		%	0.77		%	0.74		%	0.69		%	0.75		%

Retail Bank (2)
Total	$	529		$	523		$	498		$	515		$	579		$	141.9
Ratio	0.38		%	0.37		%	0.35		%	0.37		%	0.41		%
North America (2)	$	138		$	165		$	152		$	180		$	256		$	54.8
Ratio	0.28		%	0.32		%	0.29		%	0.33		%	0.47		%
Latin America	$	212		$	185		$	172		$	157		$	160		$	19.0
Ratio	1.07		%	0.92		%	0.86		%	0.81		%	0.84		%
Asia (3)	$	179		$	173		$	174		$	178		$	163		$	68.1
Ratio	0.26		%	0.25		%	0.25		%	0.26		%	0.24		%

Cards
Total	$	1,452		$	1,596		$	1,524		$	1,450		$	1,590		$	147.8
Ratio	1.11		%	1.17		%	1.17		%	1.01		%	1.08		%
North America - Citi-Branded	$	491		$	538		$	530		$	510		$	607		$	81.3
Ratio	0.76		%	0.80		%	0.82		%	0.66		%	0.75		%
North America - Retail Services	$	621		$	705		$	665		$	619		$	664		$	43.9
Ratio	1.44		%	1.53		%	1.56		%	1.43		%	1.51		%
Latin America	$	169		$	173		$	149		$	145		$	131		$	4.9
Ratio	3.13		%	3.20		%	2.81		%	2.90		%	2.67		%
Asia (3)	$	171		$	180		$	180		$	176		$	188		$	17.7
Ratio	1.01		%	1.02		%	1.02		%	1.00		%	1.06		%

Citi Holdings - Consumer (2) (4) (5)	$	1,528		$	927		$	896		$	878		$	857		$	38.9
*Ratio*	2.69		%	1.99		%	2.08		%	2.23		%	2.29		%
International	$	174		$	157		$	145		$	170		$	164		$	5.5
Ratio	2.00		%	1.91		%	2.27		%	3.09		%	2.98		%
North America (2) (4) (5)	$	1,354		$	770		$	751		$	708		$	693		$	33.4
Ratio	2.81		%	2.01		%	2.05		%	2.09		%	2.17		%
Other (6)																$	0.1

Total Citigroup (2) (4) (5)	$	3,509		$	3,046		$	2,918		$	2,843		$	3,026		$	328.7
Ratio	1.08		%	0.94		%	0.93		%	0.88		%	0.93		%

(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 2 on page 10 and footnote 3 on page 21.
(3)	Asia GCB includes the results of operations of EMEA GCB for all periods presented.
(4)	The September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $12 million, $11 million, $9 million, $9 million and $9 million, respectively, of loans that are carried at fair value.
(5)	See footnote 1 on page 21.
(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.

Page 26

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
	3Q			4Q			1Q			2Q			3Q			3Q
	2015			2015			2016			2016			2016			2016

Citicorp (2)
Total	$	2,427		$	2,418		$	2,360		$	2,318		$	2,552		$	289.7
*Ratio*	0.90		%	0.88		%	0.87		%	0.82		%	0.88		%

Retail Bank (2)
Total	$	764		$	739		$	793		$	735		$	722		$	141.9
Ratio	0.55		%	0.53		%	0.56		%	0.52		%	0.51		%
North America (2)	$	198		$	221		$	198		$	192		$	198		$	54.8
Ratio	0.40		%	0.43		%	0.38		%	0.36		%	0.37		%
Latin America	$	239		$	184		$	256		$	197		$	196		$	19.0
Ratio	1.21		%	0.92		%	1.27		%	1.01		%	1.03		%
Asia (3)	$	327		$	334		$	339		$	346		$	328		$	68.1
Ratio	0.48		%	0.49		%	0.49		%	0.51		%	0.48		%

Cards
Total	$	1,663		$	1,679		$	1,567		$	1,583		$	1,830		$	147.8
Ratio	1.28		%	1.23		%	1.20		%	1.10		%	1.24		%
North America - Citi-Branded	$	504		$	523		$	492		$	550		$	710		$	81.3
Ratio	0.78		%	0.78		%	0.76		%	0.71		%	0.87		%
North America - Retail Services	$	758		$	773		$	688		$	669		$	750		$	43.9
Ratio	1.76		%	1.68		%	1.62		%	1.55		%	1.71		%
Latin America	$	181		$	157		$	152		$	137		$	131		$	4.9
Ratio	3.35		%	2.91		%	2.87		%	2.74		%	2.67		%
Asia (3)	$	220		$	226		$	235		$	227		$	239		$	17.7
Ratio	1.29		%	1.28		%	1.34		%	1.29		%	1.35		%

Citi Holdings - Consumer (2) (4) (5)	$	1,423		$	1,036		$	929		$	858		$	849		$	38.9
*Ratio*	2.51		%	2.23		%	2.16		%	2.18		%	2.27		%
International	$	193		$	179		$	161		$	138		$	135		$	5.5
Ratio	2.22		%	2.18		%	2.52		%	2.51		%	2.45		%
North America (2) (4) (5)	$	1,230		$	857		$	768		$	720		$	714		$	33.4
Ratio	2.56		%	2.24		%	2.09		%	2.12		%	2.24		%
Other (6)																$	0.1

Total Citigroup (2) (4) (5)	$	3,850		$	3,454		$	3,289		$	3,176		$	3,401		$	328.7
Ratio	1.18		%	1.07		%	1.05		%	0.98		%	1.04		%

(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 2 on page 10 and footnote 3 on page 21.

(3) Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(4) The September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $12 million, $11 million, $9 million, $9 million and $9 million, respectively, of loans that are carried at fair value.

(5) See footnote 1 on page 21.

(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.

Page 27

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

TOTAL CITIGROUP

(In millions of dollars)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	14,075		$	13,626		$	12,626		$	12,712		$	12,304						$	15,994		$	12,626

Gross Credit (Losses)	(2,068		)	(2,180		)	(2,143		)	(2,048		)	(1,948		)	5	%	6	%	(6,861		)	(6,139		)	11	%
Gross Recoveries	405			418			419			432			423			(2	)%	4	%	1,321			1,274			(4	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,663		)	(1,762		)	(1,724		)	(1,616		)	(1,525		)	6	%	8	%	(5,540		)	(4,865		)	12	%
NCLs	1,663			1,762			1,724			1,616			1,525			(6	)%	(8	)%	5,540			4,865			(12	)%
Net Reserve Builds / (Releases) (2)	43			386			42			(90		)	258			NM		NM		(247		)	210			NM
Net Specific Reserve Builds / (Releases) (2)	(124		)	108			120			(136		)	(37		)	73	%	70	%	(441		)	(53		)	88	%
Provision for Loan Losses	1,582			2,256			1,886			1,390			1,746			26	%	10	%	4,852			5,022			4	%
Other (3) (4) (5) (6) (7) (8) (9)	(368		)	(1,494		)	(76		)	(182		)	(86		)	53	%	77	%	(1,680		)	(344		)
Allowance for Loan Losses at End of Period (1) (a)	$	13,626		$	12,626		$	12,712		$	12,304		$	12,439						$	13,626		$	12,439

Allowance for Unfunded Lending Commitments (6) (10) (a)	$	1,036		$	1,402		$	1,473		$	1,432		$	1,388						$	1,036		$	1,388

Provision for Unfunded Lending Commitments (6)	$	65		$	94		$	71		$	(30	)	$	(45	)					$	(20	)	$	(4	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	14,662		$	14,028		$	14,185		$	13,736		$	13,827						$	14,662		$	13,827

Total Allowance for Loan Losses as a Percentage of Total Loans (11)	2.21		%	2.06		%	2.07		%	1.96		%	1.97		%

Allowance for Loan Losses at End of Period (1):
Citicorp	$	10,213		$	10,331		$	10,544		$	10,433		$	10,735
Citi Holdings	3,413			2,295			2,168			1,871			1,704
Total Citigroup	$	13,626		$	12,626		$	12,712		$	12,304		$	12,439

(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.

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

(4) The third quarter of 2015 includes a reduction of approximately $110 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $14 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the third quarter includes a reduction of approximately $255 million related to FX translation.

(5) The fourth quarter of 2015 includes a reduction of approximately $1.1 billion related to the sale or transfers to HFS of various loan portfolios, including a reduction of $1.1 billion related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a reduction of approximately $35 million related to FX translation.

(6) The fourth quarter of 2015 includes a reclassification of $271 million of Allowance for Loan Losses to Allowance for Unfunded Lending Commitments, included in the Other line item. This reclassification reflects the re-attribution of $271 million in Allowances for Credit Losses between the funded and unfunded portions of the corporate credit portfolios and does not reflect a change in the underlying credit performance of these portfolios. The $94 million ($87 million corporate, $7 million consumer) Provision for unfunded lending commitments during the fourth quarter of 2015 represents the allowance change during the quarter due to portfolio and economic changes in the unfunded portfolio during the quarter.

(7) The first quarter of 2016 includes a reduction of approximately $148 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $29 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $63 million related to FX translation.

(8) The second quarter of 2016 includes a reduction of approximately $101 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $24 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes a reduction of approximately $75 million related to FX translation.

(9) The third quarter of 2016 includes a reduction of approximately $58 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $50 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes a reduction of approximately $46 million related to FX translation.

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

(11) September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016, exclude $5.5 billion, $5.0 billion, $5.7 billion, $4.1 billion and $4.0 billion, respectively, of loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 28

ALLOWANCE FOR CREDIT LOSSES - PAGE 2

TOTAL CITIGROUP

(In millions of dollars)

																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Total Citigroup Consumer Loans
Allowance for Loan Losses at Beginning of Period (1)	$	11,669		$	11,030		$	9,835		$	9,807		$	9,432						$	13,547		$	9,835

Net Credit Losses (NCLs)	(1,613		)	(1,668		)	(1,513		)	(1,474		)	(1,485		)	(1	)%	8	%	(5,390		)	(4,472		)	17	%
NCLs	1,613			1,668			1,513			1,474			1,485			1	%	(8	)%	5,390			4,472			(17	)%
Net Reserve Builds / (Releases) (2)	(73		)	32			38			(74		)	368			NM		NM		(443		)	332			NM
Net Specific Reserve Builds / (Releases) (2)	(202		)	(16		)	19			(125		)	(36		)	71	%	82	%	(403		)	(142		)	65	%
Provision for Loan Losses	1,338			1,684			1,570			1,275			1,817			43	%	36	%	4,544			4,662			3	%
Other (3) (4) (5) (6) (7) (8)	(364		)	(1,211		)	(85		)	(176		)	(91		)	48	%	75	%	(1,671		)	(352		)	79	%
Allowance for Loan Losses at End of Period (1) (a)	$	11,030		$	9,835		$	9,807		$	9,432		$	9,673						$	11,030		$	9,673

Consumer Allowance for Unfunded Lending Commitments (9) (a)	$	28		$	35		$	37		$	42		$	39						$	28		$	39

Provision for Unfunded Lending Commitments	$	(1	)	$	7		$	1		$	4		$	(4	)					$	(5	)	$	1

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	11,058		$	9,870		$	9,844		$	9,474		$	9,712						$	11,058		$	9,712

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (10)	3.35		%	3.02		%	3.09		%	2.89		%	2.94		%

Total Citigroup Corporate Loans
Allowance for Loan Losses at Beginning of Period (1)	$	2,406		$	2,596		$	2,791		$	2,905		$	2,872						$	2,447		$	2,791

Net Credit (Losses) / Recoveries (NCL’s)	(50		)	(94		)	(211		)	(142		)	(40		)	72	%	20	%	(150		)	(393		)	NM
NCLs	50			94			211			142			40			(72	)%	(20	)%	150			393			NM
Net Reserve Builds / (Releases)	116			354			4			(16		)	(110		)	NM		NM		196			(122		)	NM
Net Specific Reserve Builds / (Releases)	78			124			101			(11		)	(1		)	91	%	NM		(38		)	89			NM
Provision for Loan Losses	244			572			316			115			(71		)	NM		NM		308			360			17	%
Other (3) (11)	(4		)	(283		)	9			(6		)	5							(9		)	8
Allowance for Loan Losses at End of Period (1) (b)	$	2,596		$	2,791		$	2,905		$	2,872		$	2,766						$	2,596		$	2,766

Corporate Allowance for Unfunded Lending Commitments (9) (11) (b)	$	1,008		$	1,367		$	1,436		$	1,390		$	1,349						$	1,008		$	1,349

Provision for Unfunded Lending Commitments (11)	$	66		$	87		$	70		$	(34	)	$	(41	)					$	(15	)	$	(5	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	3,604		$	4,158		$	4,341		$	4,262		$	4,115						$	3,604		$	4,115

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (12)	0.90		%	0.97		%	0.98		%	0.95		%	0.91		%

Footnotes to these tables are on the following page (page 30).

Page 29

ALLOWANCE FOR CREDIT LOSSES - PAGE 3

TOTAL CITIGROUP

The following footnotes relate to the tables on the prior page (page 29).

(6) The first quarter of 2016 includes a reduction of approximately $148 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $29 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $63 million related to FX translation.

(7) The second quarter of 2016 includes a reduction of approximately $101 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $24 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes a reduction of approximately $75 million related to FX translation.

(8) The third quarter of 2016 includes a reduction of approximately $58 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $50 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes a reduction of approximately $46 million related to FX translation.

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

(10) September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016 exclude $37 million, $34 million, $33 million, $32 million and $31 million, respectively, of loans which are carried at fair value.

(11) The fourth quarter of 2015 includes a reclassification of $271 million of Allowance for Loan Losses to Allowance for Unfunded Lending Commitments, included in the Other line item. This reclassification reflects the re-attribution of $271 million in Allowances for Credit Losses between the funded and unfunded portions of the corporate credit portfolios and does not reflect a change in the underlying credit performance of these portfolios. The $94 million ($87 million corporate, $7 million consumer) Provision for unfunded lending commitments during the fourth quarter of 2015 represents the allowance change during the quarter due to portfolio and economic changes in the unfunded portfolio during the quarter.

(12) September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 and September 30, 2016 exclude $5.5 billion, $5.0 billion, $5.7 billion, $4.1 billion and $3.9 billion, respectively, of loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 30

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 1

CITICORP

(In millions of dollars)


																3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)

Citicorp
Net Credit Losses	$	1,391		$	1,501		$	1,581		$	1,514		$	1,396		(8	)%	—		$	4,465		$	4,491		1	%
Credit Reserve Build / (Release)	90			421			193			(2		)	343			NM		NM		(160		)	534			NM
Global Consumer Banking
Net Credit Losses	1,354			1,405			1,370			1,373			1,351			(2	)%	—		4,347			4,094			(6	)%
Credit Reserve Build / (Release)	(103		)	(44		)	85			24			436			NM		NM		(349		)	545			NM
North America
Net Credit Losses	878			914			932			953			929			(3	)%	6	%	2,837			2,814			(1	)%
Credit Reserve Build / (Release)	(61		)	(69		)	79			50			408			NM		NM		(268		)	537			NM
Retail Banking
Net Credit Losses	34			42			24			44			54			23	%	59	%	108			122			13	%
Credit Reserve Build / (Release)	32			7			63			(11		)	(40		)	NM		NM		46			12			(74	)%
Citi-Branded Cards
Net Credit Losses	443			454			455			467			448			(4	)%	1	%	1,438			1,370			(5	)%
Credit Reserve Build / (Release)	(105		)	(85		)	(15		)	58			263			NM		NM		(298		)	306			NM
Citi Retail Services
Net Credit Losses	401			418			453			442			427			(3	)%	6	%	1,291			1,322			2	%
Credit Reserve Build / (Release)	12			9			31			3			185			NM		NM		(16		)	219			NM
Latin America
Net Credit Losses	301			307			278			260			254			(2	)%	(16	)%	973			792			(19	)%
Credit Reserve Build / (Release)	19			3			17			(2		)	32			NM		68	%	30			47			57	%
Retail Banking
Net Credit Losses	138			159			134			137			132			(4	)%	(4	)%	430			403			(6	)%
Credit Reserve Build / (Release)	13			12			16			(3		)	47			NM		NM		30			60			100	%
Citi-Branded Cards
Net Credit Losses	163			148			144			123			122			(1	)%	(25	)%	543			389			(28	)%
Credit Reserve Build / (Release)	6			(9		)	1			1			(15		)	NM		NM		—			(13		)	NM
Asia (1)
Net Credit Losses	175			184			160			160			168			5	%	(4	)%	537			488			(9	)%
Credit Reserve Build / (Release)	(61		)	22			(11		)	(24		)	(4		)	83	%	93	%	(111		)	(39		)	65	%
Retail Banking
Net Credit Losses	75			94			62			61			73			20	%	(3	)%	225			196			(13	)%
Credit Reserve Build / (Release)	(34		)	26			3			(21		)	—			100	%	100	%	(58		)	(18		)	69	%
Citi-Branded Cards
Net Credit Losses	100			90			98			99			95			(4	)%	(5	)%	312			292			(6	)%
Credit Reserve Build / (Release)	(27		)	(4		)	(14		)	(3		)	(4		)	(33	)%	85	%	(53		)	(21		)	60	%

Institutional Clients Group (ICG)
Net Credit Losses	37			96			211			141			45			(68	)%	22	%	118			397			NM
Credit Reserve Build / (Release)	193			465			108			(26		)	(93		)	NM		NM		189			(11		)	NM

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

Total Citicorp Provision for Loan Losses	$	1,481		$	1,922		$	1,774		$	1,512		$	1,739		15	%	17	%	$	4,305		$	5,025		17	%

(1) 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.

Page 31

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 2

CITI HOLDINGS / TOTAL CITIGROUP

(In millions of dollars)

															3Q16 Increase/				Nine			Nine			YTD 2016 vs.
	3Q			4Q		1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015		2016			2016			2016			2Q16		3Q15		2015			2016			(Decrease)
Citi Holdings
Net Credit Losses (1)	$	272		$	261	$	143		$	102		$	129		26	%	(53	)%	$	1,075		$	374		(65	)%
Credit Reserve Build / (Release)	(171		)	73		(31		)	(224		)	(122		)	46	%	29	%	(528		)	(377		)	29	%

Total Citi Holdings Provision for Loan Losses	$	101		$	334	$	112		$	(122	)	$	7		NM		(93	)%	$	547		$	(3	)	NM

Total Citicorp Provision for Loan Losses (from prior page)	$	1,481		$	1,922	$	1,774		$	1,512		$	1,739		15	%	17	%	$	4,305		$	5,025		17	%

Total Citigroup Provision for Loan Losses	$	1,582		$	2,256	$	1,886		$	1,390		$	1,746		26	%	10	%	$	4,852		$	5,022		4	%

(1)	See footnote 1 on page 19.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 32

NON-ACCRUAL ASSETS - PAGE 1

TOTAL CITIGROUP

(In millions of dollars)

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	833		$	818		$	1,331		$	1,280		$	1,057		(17	)%	27	%
EMEA	386			347			469			762			857			12	%	NM
Latin America	230			303			410			267			380			42	%	65	%
Asia	129			128			117			151			121			(20	)%	(6	)%
Total	$	1,578		$	1,596		$	2,327		$	2,460		$	2,415		(2	)%	53	%

Consumer Non-Accrual Loans By Region (2) (3) (4)
North America	$	3,622		$	2,515		$	2,519		$	2,520		$	2,429		(4	)%	(33	)%
Latin America	935			874			817			884			841			(5	)%	(10	)%
Asia (5)	272			269			265			301			282			(6	)%	4	%
Total	$	4,829		$	3,658		$	3,601		$	3,705		$	3,552		(4	)%	(26	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

ICG	$	35		$	32		$	29		$	13		$	12		(8	)%	(66	)%
Global Consumer Banking	44			34			41			38			41			8	%	(7	)%
Citi Holdings	144			139			131			121			104			(14	)%	(28	)%
Corporate/Other	4			4			4			3			4			33	%	—

TOTAL OTHER REAL ESTATE OWNED (OREO) (6)	$	227		$	209		$	205		$	175		$	161		(8	)%	(29	)%

OREO By Region:
North America	$	177		$	166		$	159		$	151		$	132		(13	)%	(25	)%
EMEA	1			1			1			—			1			100	%	—
Latin America	44			38			35			19			18			(5	)%	(59	)%
Asia	5			4			10			5			10			100	%	100	%
Total	$	227		$	209		$	205		$	175		$	161		(8	)%	(29	)%

Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—		—		—

Non-Accrual Assets (NAA) (7)
Corporate Non-Accrual Loans	$	1,578		$	1,596		$	2,327		$	2,460		$	2,415		(2	)%	53	%
Consumer Non-Accrual Loans	4,829			3,658			3,601			3,705			3,552			(4	)%	(26	)%
Non-Accrual Loans (NAL)	6,407			5,254			5,928			6,165			5,967			(3	)%	(7	)%
OREO	227			209			205			175			161			(8	)%	(29	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	6,634		$	5,463		$	6,133		$	6,340		$	6,128		(3	)%	(8	)%

NAL as a % of Total Loans	1.03		%	0.85		%	0.96		%	0.97		%	0.94		%
NAA as a % of Total Assets	0.37		%	0.32		%	0.34		%	0.35		%	0.34		%

Allowance for Loan Losses as a % of NAL	213		%	240		%	214		%	200		%	208		%

(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 third quarter of 2015 reflects the transfers of non accrual loans to HFS resulting from the agreements to sell OneMain, Japan Retail and Japan Cards.

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

(4) The fourth quarter of 2015 decline includes the impact related to the transfer of approximately $8 billion of mortgage loans to Loans, held-for-sale (HFS) (included within Other assets on the GAAP balance sheet).

(5) Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(6) 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.

(7) 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.

Page 33

NON-ACCRUAL ASSETS - PAGE 2

CITICORP

(In millions of dollars)

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	819		$	804		$	1,317		$	1,266		$	1,043		(18	)%	27	%
EMEA	350			309			432			726			821			13	%	NM
Latin America	229			302			409			267			380			42	%	66	%
Asia	127			128			117			151			121			(20	)%	(5	)%
Total	$	1,525		$	1,543		$	2,275		$	2,410		$	2,365		(2	)%	55	%

Consumer Non-Accrual Loans By Region (2) (3)
North America	$	363		$	456		$	516		$	671		$	651		(3	)%	79	%
Latin America	790			740			673			729			689			(5	)%	(13	)%
Asia (5)	243			252			254			291			272			(7	)%	12	%
Total	$	1,396		$	1,448		$	1,443		$	1,691		$	1,612		(5	)%	15	%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

ICG	$	35		$	32		$	29		$	13		$	12		(8	)%	(66	)%
Global Consumer Banking	44			34			41			38			41			8	%	(7	)%
Corporate/Other	4			4			4			3			4			33	%	—

TOTAL OTHER REAL ESTATE OWNED (OREO) (6)	$	83		$	70		$	74		$	54		$	57		6	%	(31	)%

OREO By Region:
North America	$	38		$	31		$	31		$	31		$	29		(6	)%	(24	)%
EMEA	1			1			1			—			1			100	%	—
Latin America	39			34			32			18			17			(6	)%	(56	)%
Asia	5			4			10			5			10			100	%	100	%
Total	$	83		$	70		$	74		$	54		$	57		6	%	(31	)%

Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—

Non-Accrual Assets (NAA) (7)
Corporate Non-Accrual Loans	$	1,525		$	1,543		$	2,275		$	2,410		$	2,365		(2	)%	55	%
Consumer Non-Accrual Loans	1,396			1,448			1,443			1,691			1,612			(5	)%	15	%
Non-Accrual Loans (NAL)	2,921			2,991			3,718			4,101			3,977			(3	)%	36	%
OREO	83			70			74			54			57			6	%	(31	)%
Other Repossessed Assets	—			—			—			—			—
Non-Accrual Assets (NAA)	$	3,004		$	3,061		$	3,792		$	4,155		$	4,034		(3	)%	34	%

NAA as a % of Total Assets	0.18		%	0.19		%	0.22		%	0.24		%	0.23		%

Allowance for Loan Losses as a % of NAL	350		%	345		%	284		%	254		%	270		%

See footnotes (1) - (7) on page 33.

Reclassified to conform to the current period’s presentation.

Page 34

NON-ACCRUAL ASSETS - PAGE 3

CITI HOLDINGS

(In millions of dollars)

																3Q16 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2015			2015			2016			2016			2016			2Q16		3Q15

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	14		$	14		$	14		$	14		$	14		—		—
EMEA	36			38			37			36			36			—		—
Latin America	1			1			1			—			—			—		(100	)%
Asia	2			—			—			—			—			—		(100	)%
Total	$	53		$	53		$	52		$	50		$	50		—		(6	)%

Consumer Non-Accrual Loans By Region (2) (3) (4)
North America	$	3,259		$	2,059		$	2,003		$	1,849		$	1,778		(4	)%	(45	)%
Latin America	145			134			144			155			152			(2	)%	5	%
Asia (5)	29			17			11			10			10			—		(66	)%
Total	$	3,433		$	2,210		$	2,158		$	2,014		$	1,940		(4	)%	(43	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

OREO By Region (6):
North America	$	139		$	135		$	128		$	120		$	103		(14	)%	(26	)%
EMEA	—			—			—			—			—			—		—
Latin America	5			4			3			1			1			—		(80	)%
Asia	—			—			—			—			—			—		—
Total	$	144		$	139		$	131		$	121		$	104		(14	)%	(28	)%

Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—

Non-Accrual Assets (NAA) (7)
Corporate Non-Accrual Loans	$	53		$	53		$	52		$	50		$	50		—		(6	)%
Consumer Non-Accrual Loans	3,433			2,210			2,158			2,014			1,940			(4	)%	(43	)%
Non-Accrual Loans (NAL)	3,486			2,263			2,210			2,064			1,990			(4	)%	(43	)%
OREO	144			139			131			121			104			(14	)%	(28	)%
Other Repossessed Assets	—			—			—			—			—
Non-Accrual Assets (NAA)	$	3,630		$	2,402		$	2,341		$	2,185		$	2,094		(4	)%	(42	)%

NAA as a % of Total Assets	3.10		%	2.97		%	3.21		%	3.31		%	3.43		%

Allowance for Loan Losses as a % of NAL	98		%	101		%	98		%	91		%	86		%

See footnotes (1) - (7) on page 33.

Reclassified to conform to the current period’s presentation.

Page 35

CITIGROUP

REGULATORY CAPITAL RATIOS AND TCE & TBV RECONCILIATION

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

	September 30,			December 31,			March 31,			June 30,			September 30,
	2015			2015			2016			2016			2016(1)
Common Equity Tier 1 Capital Ratio and Components

Citigroup Common Stockholders’ Equity(2)	$	205,772		$	205,286		$	209,947		$	212,819		$	212,506
Add: Qualifying noncontrolling interests	147			145			143			134			140
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(3)	(542		)	(617		)	(300		)	(149		)	(232		)
Cumulative unrealized net gain related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(4)	717			441			562			574			335
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(5)	21,732			21,980			21,935			21,854			21,763
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	3,911			3,586			3,332			5,358			5,177
Defined benefit pension plan net assets	904			794			870			964			891
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	23,295			23,659			23,414			22,942			22,503
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(6)	9,451			8,723			7,254			6,876			7,077
Common Equity Tier 1 Capital (CET1)	$	146,451		$	146,865		$	153,023		$	154,534		$	155,132
Risk-Weighted Assets (RWA)	$	1,254,473		$	1,216,277		$	1,239,575		$	1,232,856		$	1,228,715
Common Equity Tier 1 Capital Ratio (CET1/RWA)	11.67		%	12.07		%	12.34		%	12.53		%	12.6		%

Supplementary Leverage Ratio

Common Equity Tier 1 Capital (CET1)	$	146,451		$	146,865		$	153,023		$	154,534		$	155,132
Additional Tier 1 Capital (AT1)(7)	15,548			17,171			18,119			19,493			19,523
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	161,999		$	164,036		$	171,142		$	174,027		$	174,655
Total Leverage Exposure (TLE)	$	2,363,506		$	2,317,849		$	2,300,427		$	2,326,929		$	2,361,382
Supplementary Leverage Ratio (T1C/TLE)	6.85		%	7.08		%	7.44		%	7.48		%	7.4		%

Tangible Common Equity and Tangible Book Value Per Share

Common Equity	$	205,630		$	205,139		$	209,769		$	212,635		$	212,322
Less:
Goodwill	22,444			22,349			22,575			22,496			22,539
Intangible assets (other than MSRs)	3,880			3,721			3,493			5,521			5,358
Goodwill and intangible assets (other than MSRs) related to assets held-for-sale	345			68			30			30			30
Tangible Common Equity (TCE)	$	178,961		$	179,001		$	183,671		$	184,588		$	184,395
Common Shares Outstanding (CSO)	2,979.0			2,953.3			2,934.9			2,905.4			2,849.7
Tangible Book Value Per Share (TCE/CSO)	$	60.07		$	60.61		$	62.58		$	63.53		$	64.71

(1)	Preliminary.
(2)	Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.
(3)	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, in accordance with the U.S. Basel III rules.
(5)	Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.
(6)	Assets subject to 10%/15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions. For all periods presented, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.
(7)	Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

Reclassified to conform to the current period’s presentation.

Page 36

CITIGROUP INC - FORM 8-K - EX-99.2 - October 14, 2016

Attached files