CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

file	filename
EX-99.1 - EX-99.1 - CITIGROUP INC	a17-2577_1ex99d1.htm
8-K - 8-K - CITIGROUP INC	a17-2577_18k.htm

Exhibi 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

4Q16

	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 GCB activities in certain EMEA countries for all periods presented.

CITIGROUP — FINANCIAL SUMMARY

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

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Total Revenues, Net of Interest Expense	$	18,456		$	17,555		$	17,548		$	17,760		$	17,012		(4	)%	(8	)%	$	76,354		$	69,875		(8	)%
Total Operating Expenses	11,134			10,523			10,369			10,404			10,120			(3	)%	(9	)%	43,615			41,416			(5	)%
Net Credit Losses (NCLs)	1,762			1,724			1,616			1,525			1,696			11	%	(4	)%	7,302			6,561			(10	)%
Credit Reserve Build / (Release)	494			162			(226		)	221			31			(86	)%	(94	)%	(194		)	188			NM
Provision / (Release) for Unfunded Lending Commitments	94			71			(30		)	(45		)	33			NM		(65	)%	74			29			(61	)%
Provision for Benefits and Claims	164			88			49			35			32			(9	)%	(80	)%	731			204			(72	)%
Provisions for Credit Losses and for Benefits and Claims	$	2,514		$	2,045		$	1,409		$	1,736		$	1,792		3	%	(29	)%	$	7,913		$	6,982		(12	)%
Income from Continuing Operations before Income Taxes	$	4,808		$	4,987		$	5,770		$	5,620		$	5,100		(9	)%	6	%	$	24,826		$	21,477		(13	)%
Income Taxes (benefits)	1,403			1,479			1,723			1,733			1,509			(13	)%	8	%	7,440			6,444			(13	)%
Income from Continuing Operations	$	3,405		$	3,508		$	4,047		$	3,887		$	3,591		(8	)%	5	%	$	17,386		$	15,033		(14	)%
Income (Loss) from Discontinued Operations, net of Taxes	(45		)	(2		)	(23		)	(30		)	(3		)	90	%	93	%	(54		)	(58		)	(7	)%
Net Income before Noncontrolling Interests	$	3,360		$	3,506		$	4,024		$	3,857		$	3,588		(7	)%	7	%	$	17,332		$	14,975		(14	)%
Net Income Attributable to Noncontrolling Interests	25			5			26			17			15			(12	)%	(40	)%	90			63			(30	)%
Citigroup’s Net Income	$	3,335		$	3,501		$	3,998		$	3,840		$	3,573		(7	)%	7	%	$	17,242		$	14,912		(14	)%

Diluted Earnings Per Share:
Income from Continuing Operations	$	1.03		$	1.11		$	1.25		$	1.25		$	1.14		(9	)%	11	%	$	5.42		$	4.74		(13	)%
Citigroup’s Net Income	$	1.02		$	1.10		$	1.24		$	1.24		$	1.14		(8	)%	12	%	$	5.40		$	4.72		(13	)%
Shares (in millions):
Average Basic	2,968.3			2,943.0			2,915.8			2,879.9			2,813.8			(2	)%	(5	)%	3,004.0			2,888.1			(4	)%
Average Diluted	2,969.5			2,943.1			2,915.9			2,880.1			2,814.2			(2	)%	(5	)%	3,007.7			2,888.3			(4	)%
Common Shares Outstanding, at period end	2,953.3			2,934.9			2,905.4			2,849.7			2,772.4			(3	)%	(6	)%

Preferred Dividends - Basic	$	265		$	210		$	322		$	225		$	320		42	%	21	%	$	769		$	1,077		40	%
Preferred Dividends - Diluted	$	265		$	210		$	322		$	225		$	320		42	%	21	%	$	769		$	1,077		40	%

Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	3,072		$	3,253		$	3,645		$	3,592		$	3,207		(11	)%	4	%	$	16,302		$	13,698		(16	)%
Citigroup’s Net Income	$	3,028		$	3,251		$	3,623		$	3,562		$	3,204		(10	)%	6	%	$	16,249		$	13,640		(16	)%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	3,072		$	3,253		$	3,645		$	3,592		$	3,207		(11	)%	4	%	$	16,302		$	13,698		(16	)%
Citigroup’s Net Income	$	3,028		$	3,251		$	3,623		$	3,562		$	3,204		(10	)%	6	%	$	16,249		$	13,640		(16	)%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 Capital Ratio (1) (2)	12.07		%	12.34		%	12.53		%	12.63		%	12.5		%
Tier 1 Capital Ratio (1) (2)	13.49		%	13.81		%	14.12		%	14.23		%	14.2		%
Total Capital Ratio (1) (2)	15.30		%	15.71		%	16.13		%	16.34		%	16.2		%
Supplementary Leverage Ratio (2) (3)	7.08		%	7.44		%	7.48		%	7.40		%	7.2		%
Return on Average Assets	0.74		%	0.79		%	0.89		%	0.83		%	0.78		%					0.95		%	0.82		%
Return on Average Common Equity	5.9		%	6.4		%	7.0		%	6.8		%	6.2		%					8.1		%	6.6		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	60		%	60		%	59		%	59		%	59		%					57		%	59		%

Balance Sheet Data (in billions of dollars, except per share amounts):
Total Assets	$	1,731.2		$	1,801.0		$	1,818.8		$	1,818.1		$	1,792.1		(1	)%	4	%
Total Average Assets	1,784.3			1,777.6			1,807.3			1,830.2			1,819.8			(1	)%	2	%	$	1,823.9		$	1,808.7		(1	)%
Total Deposits	907.9			934.6			937.9			940.3			929.4			(1	)%	2	%
Citigroup’s Stockholders’ Equity	221.9			227.5			231.9			231.6			225.1			(3	)%	1	%
Book Value Per Share	69.46			71.47			73.19			74.51			74.26			—		7	%
Tangible Book Value Per Share (4)	60.61			62.58			63.53			64.71			64.57			—		7	%

Direct Staff (in thousands)	231			225			220			220			219			—		(5	)%

(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)	December 31, 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. For a reconciliation of this measure to reported results, see page 36.

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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)
Revenues
Interest revenue	$	14,364		$	14,167		$	14,356		$	14,653		$	14,439		(1	)%	1	%	$	58,551		$	57,615		(2	)%
Interest expense	2,901			2,940			3,120			3,174			3,277			3	%	13	%	11,921			12,511			5	%
Net interest revenue	11,463			11,227			11,236			11,479			11,162			(3	)%	(3	)%	46,630			45,104			(3	)%

Commissions and fees	2,752			2,463			2,725			2,644			2,689			2	%	(2	)%	11,848			10,521			(11	)%
Principal transactions	537			1,840			1,816			2,238			1,691			(24	)%	NM		6,008			7,585			26	%
Administrative and other fiduciary fees	821			811			878			862			813			(6	)%	(1	)%	3,648			3,364			(8	)%
Realized gains (losses) on investments	41			186			200			287			275			(4	)%	NM		682			948			39	%
Other-than-temporary impairment losses on investments and other assets	(70		)	(465		)	(118		)	(32		)	(5		)	84	%	93	%	(265		)	(620		)	NM
Insurance premiums	402			264			217			184			171			(7	)%	(57	)%	1,845			836			(55	)%
Other revenue	2,510			1,229			594			98			216			NM		(91	)%	5,958			2,137			(64	)%
Total non-interest revenues	6,993			6,328			6,312			6,281			5,850			(7	)%	(16	)%	29,724			24,771			(17	)%
Total revenues, net of interest expense	18,456			17,555			17,548			17,760			17,012			(4	)%	(8	)%	76,354			69,875			(8	)%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,762			1,724			1,616			1,525			1,696			11	%	(4	)%	7,302			6,561			(10	)%
Credit reserve build / (release)	494			162			(226		)	221			31			(86	)%	(94	)%	(194		)	188			NM
Provision for loan losses	2,256			1,886			1,390			1,746			1,727			(1	)%	(23	)%	7,108			6,749			(5	)%
Provision for Policyholder benefits and claims	164			88			49			35			32			(9	)%	(80	)%	731			204			(72	)%
Provision for unfunded lending commitments	94			71			(30		)	(45		)	33			NM		(65	)%	74			29			(61	)%
Total provisions for credit losses and for benefits and claims	2,514			2,045			1,409			1,736			1,792			3	%	(29	)%	7,913			6,982			(12	)%

Operating Expenses
Compensation and benefits	5,445			5,556			5,229			5,203			4,982			(4	)%	(9	)%	21,769			20,970			(4	)%
Premises and Equipment	710			651			642			624			625			—		(12	)%	2,878			2,542			(12	)%
Technology / communication expense	1,697			1,649			1,657			1,694			1,685			(1	)%	(1	)%	6,581			6,685			2	%
Advertising and marketing expense	371			390			433			403			406			1	%	9	%	1,547			1,632			5	%
Other operating	2,911			2,277			2,408			2,480			2,422			(2	)%	(17	)%	10,840			9,587			(12	)%
Total operating expenses	11,134			10,523			10,369			10,404			10,120			(3	)%	(9	)%	43,615			41,416			(5	)%

Income from Continuing Operations before Income Taxes	4,808			4,987			5,770			5,620			5,100			(9	)%	6	%	24,826			21,477			(13	)%
Provision (benefits) for income taxes	1,403			1,479			1,723			1,733			1,509			(13	)%	8	%	7,440			6,444			(13	)%
Income from Continuing Operations	3,405			3,508			4,047			3,887			3,591			(8	)%	5	%	17,386			15,033			(14	)%
Discontinued Operations
Income (Loss) from Discontinued Operations	(69		)	(3		)	(36		)	(37		)	(4		)	89	%	94	%	(83		)	(80		)	4	%
Gain (Loss) on Sale	—			—			—			—			—			—		—		—			—			—
Provision (benefits) for income taxes	(24		)	(1		)	(13		)	(7		)	(1		)	86	%	96	%	(29		)	(22		)	24	%
Income (Loss) from Discontinued Operations, net of taxes	(45		)	(2		)	(23		)	(30		)	(3		)	90	%	93	%	(54		)	(58		)	(7	)%

Net Income before Noncontrolling Interests	3,360			3,506			4,024			3,857			3,588			(7	)%	7	%	17,332			14,975			(14	)%

Net Income attributable to noncontrolling interests	25			5			26			17			15			(12	)%	(40	)%	90			63			(30	)%
Citigroup’s Net Income	$	3,335		$	3,501		$	3,998		$	3,840		$	3,573		(7	)%	7	%	$	17,242		$	14,912		(14	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																4Q16 Increase/
	December 31,			March 31,			June 30,			September 30,			December 31,			(Decrease) from
	2015			2016			2016			2016			2016 (1)			3Q16		4Q15
Assets
Cash and due from banks (including segregated cash and other deposits)	$	20,900		$	22,240		$	22,140		$	23,419		$	23,043		(2	)%	10	%
Deposits with banks	112,197			136,049			127,993			132,571			137,451			4	%	23	%
Fed funds sold and securities borr’d or purch under agree. to resell	219,675			225,093			228,683			236,045			236,813			—		8	%
Brokerage receivables	27,683			35,261			36,851			36,112			28,887			(20	)%	4	%
Trading account assets	241,215			265,499			263,174			254,627			243,925			(4	)%	1	%
Investments
Available-for-sale and non-marketable equity securities	306,740			316,362			320,390			316,352			307,637			(3	)%	—
Held-to-maturity	36,215			36,890			35,903			38,588			45,667			18	%	26	%
Total Investments	342,955			353,252			356,293			354,940			353,304			—		3	%
Loans, net of unearned income
Consumer	325,785			317,900			326,419			328,702			325,366			(1	)%	—
Corporate	291,832			300,924			307,096			309,733			299,003			(3	)%	2	%
Loans, net of unearned income	617,617			618,824			633,515			638,435			624,369			(2	)%	1	%
Allowance for loan losses	(12,626		)	(12,712		)	(12,304		)	(12,439		)	(12,060		)	3	%	4	%
Total loans, net	604,991			606,112			621,211			625,996			612,309			(2	)%	1	%
Goodwill	22,349			22,575			22,496			22,539			21,659			(4	)%	(3	)%
Intangible assets (other than MSRs)	3,721			3,493			5,521			5,358			5,114			(5	)%	37	%
Mortgage servicing rights (MSRs)	1,781			1,524			1,324			1,270			1,564			23	%	(12	)%
Other assets	133,743			129,869			133,085			125,240			128,008			2	%	(4	)%
Total assets	$	1,731,210		$	1,800,967		$	1,818,771		$	1,818,117		$	1,792,077		(1	)%	4	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	139,249		$	138,153		$	140,145		$	141,899		$	136,698		(4	)%	(2	)%
Interest-bearing deposits in U.S. offices	280,234			284,969			295,589			288,094			300,972			4	%	7	%
Total U.S. Deposits	419,483			423,122			435,734			429,993			437,670			2	%	4	%
Non-interest-bearing deposits in offices outside the U.S.	71,577			77,865			76,574			75,956			77,616			2	%	8	%
Interest-bearing deposits in offices outside the U.S.	416,827			433,604			425,544			434,303			414,120			(5	)%	(1	)%
Total International Deposits	488,404			511,469			502,118			510,259			491,736			(4	)%	1	%

Total deposits	907,887			934,591			937,852			940,252			929,406			(1	)%	2	%
Fed funds purch and securities loaned or sold under agree. to repurch.	146,496			157,208			158,001			153,124			141,821			(7	)%	(3	)%
Brokerage payables	53,722			58,257			62,054			61,921			57,152			(8	)%	6	%
Trading account liabilities	117,512			136,146			136,307			131,649			139,045			6	%	18	%
Short-term borrowings	21,079			20,893			18,408			29,527			30,701			4	%	46	%
Long-term debt	201,275			207,835			207,448			209,051			206,178			(1	)%	2	%
Other liabilities (2)	60,147			57,276			65,680			59,903			61,631			3	%	2	%
Total liabilities	$	1,508,118		$	1,572,206		$	1,585,750		$	1,585,427		$	1,565,934		(1	)%	4	%

Equity
Stockholders’ equity
Preferred stock	$	16,718		$	17,753		$	19,253		$	19,253		$	19,253		—		15	%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	108,288			107,590			107,730			107,875			108,042			—		—
Retained earnings	133,841			136,998			140,527			143,678			146,477			2	%	9	%
Treasury stock	(7,677		)	(8,224		)	(9,538		)	(12,069		)	(16,302		)	(35	)%	NM
Accumulated other comprehensive income (loss)	(29,344		)	(26,626		)	(26,115		)	(27,193		)	(32,381		)	(19	)%	(10	)%
Total common equity	$	205,139		$	209,769		$	212,635		$	212,322		$	205,867		(3	)%	—

Total Citigroup stockholders’ equity	$	221,857		$	227,522		$	231,888		$	231,575		$	225,120		(3	)%	1	%
Noncontrolling interests	1,235			1,239			1,133			1,115			1,023			(8	)%	(17	)%
Total equity	223,092			228,761			233,021			232,690			226,143			(3	)%	1	%
Total liabilities and equity	$	1,731,210		$	1,800,967		$	1,818,771		$	1,818,117		$	1,792,077		(1	)%	4	%

(1) Preliminary.

(2) Includes allowance for credit losses for unfunded lending commitments. See page 28 for amounts by period.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 3

CITIGROUP

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

													4Q16 Increase/				Full		Full		FY 2016 vs.
	4Q			1Q		2Q		3Q		4Q			(Decrease) from				Year		Year		FY 2015 Increase/
	2015			2016		2016		2016		2016			3Q16		4Q15		2015		2016		(Decrease)

CITICORP
Global Consumer Banking
North America	$	4,870		$	4,874	$	4,756	$	5,212	$	5,114		(2	)%	5	%	$	19,718	$	19,956	1	%
Latin America	1,361			1,241		1,248		1,257		1,223			(3	)%	(10	)%	5,770		4,969		(14	)%
Asia (1)	1,644			1,655		1,729		1,758		1,696			(4	)%	3	%	7,007		6,838		(2	)%
Total	7,875			7,770		7,733		8,227		8,033			(2	)%	2	%	32,495		31,763		(2	)%

Institutional Clients Group (Ex-CVA/DVA) (2)
North America	2,779			3,046		3,478		3,276		3,017			(8	)%	9	%	12,822		12,817		—
EMEA	2,132			2,207		2,615		2,554		2,653			4	%	24	%	9,826		10,029		2	%
Latin America	970			975		1,033		1,009		1,009			—		4	%	4,043		4,026		—
Asia	1,614			1,808		1,720		1,789		1,661			(7	)%	3	%	7,031		6,978		(1	)%
Total	7,495			8,036		8,846		8,628		8,340			(3	)%	11	%	33,722		33,850		—

Corporate / Other	107			274		126		28		(18		)	NM		NM		908		410		(55	)%

Total Citicorp (Ex-CVA/DVA) (2)	15,477			16,080		16,705		16,883		16,355			(3	)%	6	%	67,125		66,023		(2	)%

Total Citi Holdings (Ex-CVA/DVA) (2)	3,160			1,475		843		877		657			(25	)%	(79	)%	8,975		3,852		(57	)%

Total Citigroup - Net Revenues (Ex-CVA/DVA) (2)	$	18,637		$	17,555	$	17,548	$	17,760	$	17,012		(4	)%	(9	)%	76,100		69,875		(8	)%

CVA/DVA for Periods Prior to 1Q16 (2)	(181		)	—		—		—		—			—		100	%	254		—		(100	)%

Total Citigroup - Net Revenues	$	18,456		$	17,555	$	17,548	$	17,760	$	17,012		(4	)%	(8	)%	$	76,354	$	69,875	(8	)%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries 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 of 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 2016 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.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 4

CITIGROUP

SEGMENT DETAIL

INCOME

(In millions of dollars)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)
Income from Continuing Operations:
CITICORP
Global Consumer Banking
North America	$	993		$	860		$	842		$	811		$	843		4	%	(15	)%	$	4,311		$	3,356		(22	)%
Latin America	152			156			184			167			162			(3	)%	7	%	868			669			(23	)%
Asia (1)	217			215			297			310			261			(16	)%	20	%	1,197			1,083			(10	)%
Total	1,362			1,231			1,323			1,288			1,266			(2	)%	(7	)%	6,376			5,108			(20	)%

Institutional Clients Group (Ex-CVA/DVA) (2)
North America	517			584			1,059			1,119			916			(18	)%	77	%	3,417			3,678			8	%
EMEA	231			399			720			680			677			—		NM		2,255			2,476			10	%
Latin America	190			337			396			396			352			(11	)%	85	%	1,388			1,481			7	%
Asia	441			639			540			577			537			(7	)%	22	%	2,297			2,293			—
Total	1,379			1,959			2,715			2,772			2,482			(10	)%	80	%	9,357			9,928			6	%

Corporate / Other	101			(29		)	(89		)	(247		)	(244		)	1	%	NM		496			(609		)	NM

Total Citicorp (Ex-CVA/DVA) (2)	2,842			3,161			3,949			3,813			3,504			(8	)%	23	%	16,229			14,427			(11	)%

Total Citi Holdings (Ex-CVA/DVA) (2)	677			347			98			74			87			18	%	(87	)%	995			606			(39	)%

Income From Continuing Operations - Ex-CVA/DVA (2)	3,519			3,508			4,047			3,887			3,591			(8	)%	2	%	17,224			15,033			(13	)%

Discontinued Operations	(45		)	(2		)	(23		)	(30		)	(3		)	90	%	93	%	(54		)	(58		)	(7	)%

Net Income Attributable to Noncontrolling Interests	25			5			26			17			15			(12	)%	(40	)%	90			63			(30	)%

Citigroup’s Net Income - Ex-CVA/DVA (2)	$	3,449		$	3,501		$	3,998		$	3,840		$	3,573		(7	)%	4	%	$	17,080		$	14,912		(13	)%

CVA/DVA (after-tax) for Periods Prior to 1Q16 (2)	(114		)	—			—			—			—			—		100	%	162			—			(100	)%

Total Citigroup - Net Income	$	3,335		$	3,501		$	3,998		$	3,840		$	3,573		(7	)%	7	%	$	17,242		$	14,912		(14	)%

Citicorp - Average Assets
North America	$	887		$	904		$	921		$	942		$	960		2	%	8	%	$	882		$	932		6	%
EMEA (1)	300			301			312			316			308			(3	)%	3	%	315			309			(2	)%
Latin America	141			137			139			136			134			(1	)%	(5	)%	143			137			(4	)%
Asia (1)	308			307			315			325			318			(2	)%	3	%	310			316			2	%
Corporate / Other	51			51			49			47			42			(11	)%	(18	)%	55			47			(15	)%
Total	$	1,687		$	1,700		$	1,736		$	1,766		$	1,762		—		4	%	$	1,705		$	1,741		2	%

Citicorp - Return on Average Assets (ROA)(Ex-CVA/DVA) (2) (3)
North America	0.68		%	0.64		%	0.83		%	0.81		%	0.73		%					0.88		%	0.75		%
EMEA (1)	0.29		%	0.52		%	0.91		%	0.84		%	0.86		%					0.70		%	0.79		%
Latin America	0.95		%	1.44		%	1.68		%	1.64		%	1.52		%					1.57		%	1.57		%
Asia (1)	0.85		%	1.12		%	1.07		%	1.08		%	1.00		%					1.13		%	1.07		%
Corporate/Other	0.38		%	(0.18		)%	(0.94		)%	(2.30		)%	(2.36		)%					0.77		%	(1.40		)%
Total	0.65		%	0.75		%	0.90		%	0.85		%	0.79		%					0.94		%	0.82		%

(1)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries 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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)
Revenues
Net interest revenue	$	10,616		$	10,630		$	10,687		$	10,997		$	10,752		(2	)%	1	%	$	42,173		$	43,066		2	%
Non-interest revenue	4,675			5,450			6,018			5,886			5,603			(5	)%	20	%	25,221			22,957			(9	)%
Total revenues, net of interest expense	15,291			16,080			16,705			16,883			16,355			(3	)%	7	%	67,394			66,023			(2	)%

Provisions for Credit Losses and for Benefits and Claims
Net credit losses	1,501			1,581			1,514			1,396			1,637			17	%	9	%	5,966			6,128			3	%
Credit reserve build / (release)	421			193			(2		)	343			109			(68	)%	(74	)%	261			643			NM
Provision for loan losses	1,922			1,774			1,512			1,739			1,746			—		(9	)%	6,227			6,771			9	%
Provision for benefits and claims	30			28			20			25			32			28	%	7	%	107			105			(2	)%
Provision for unfunded lending commitments	95			73			(25		)	(45		)	34			NM		(64	)%	97			37			(62	)%
Total provisions for credit losses and for benefits and claims	2,047			1,875			1,507			1,719			1,812			5	%	(11	)%	6,431			6,913			7	%

Total operating expenses	9,684			9,695			9,511			9,578			9,461			(1	)%	(2	)%	38,044			38,245			1	%

Income from Continuing Operations before Income Taxes	3,560			4,510			5,687			5,586			5,082			(9	)%	43	%	22,919			20,865			(9	)%
Provision for income taxes	835			1,349			1,738			1,773			1,578			(11	)%	89	%	6,518			6,438			(1	)%

Income from Continuing Operations	2,725			3,161			3,949			3,813			3,504			(8	)%	29	%	16,401			14,427			(12	)%

Income (loss) from Discontinued Operations, net of taxes	(45		)	(2		)	(23		)	(30		)	(3		)	90	%	93	%	(54		)	(58		)	(7	)%

Noncontrolling interests	15			4			21			17			15			(12	)%	—		79			57			(28	)%
Citicorp’s Net Income	$	2,665		$	3,155		$	3,905		$	3,766		$	3,486		(7	)%	31	%	$	16,268		$	14,312		(12	)%

Balance Sheet Data (in billions of dollars):

Total EOP Assets	$	1,650		$	1,728		$	1,753		$	1,757		$	1,738		(1	)%	5	%

Average Assets	$	1,687		$	1,700		$	1,736		$	1,766		$	1,762		—		4	%	$	1,705		$	1,741		2	%
Return on Average Assets	0.63		%	0.75		%	0.90		%	0.85		%	0.79		%					0.95		%	0.82		%
Efficiency Ratio (Operating Expenses/Total Revenues, net)	63		%	60		%	57		%	57		%	58		%					56		%	58		%
Total EOP Loans	$	569		$	573		$	592		$	599		$	591		(1	)%	4	%
Total EOP Deposits	$	898		$	925		$	932		$	934		$	927		(1	)%	3	%

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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Net Interest Revenue	$	6,547		$	6,406		$	6,364		$	6,770		$	6,719		(1	)%	3	%	$	25,984		$	26,259		1	%
Non-Interest Revenue	1,328			1,364			1,369			1,457			1,314			(10	)%	(1	)%	6,511			5,504			(15	)%
Total Revenues, Net of Interest Expense	7,875			7,770			7,733			8,227			8,033			(2	)%	2	%	32,495			31,763			(2	)%
Total Operating Expenses	4,346			4,408			4,304			4,440			4,364			(2	)%	—		17,220			17,516			2	%
Net Credit Losses	1,405			1,370			1,373			1,351			1,518			12	%	8	%	5,752			5,612			(2	)%
Credit Reserve Build / (Release)	(44		)	85			24			436			162			(63	)%	NM		(393		)	707			NM
Provision for Unfunded Lending Commitments	6			2			8			(3		)	(4		)	(33	)%	NM		3			3			—
Provision for Benefits and Claims	30			28			20			25			32			28	%	7	%	107			105			(2	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,397			1,485			1,425			1,809			1,708			(6	)%	22	%	5,469			6,427			18	%
Income from Continuing Operations before Taxes	2,132			1,877			2,004			1,978			1,961			(1	)%	(8	)%	9,806			7,820			(20	)%
Income Taxes	770			646			681			690			695			1	%	(10	)%	3,430			2,712			(21	)%
Income from Continuing Operations	1,362			1,231			1,323			1,288			1,266			(2	)%	(7	)%	6,376			5,108			(20	)%
Noncontrolling Interests	1			2			1			3			1			(67	)%	—		10			7			(30	)%
Net Income	$	1,361		$	1,229		$	1,322		$	1,285		$	1,265		(2	)%	(7	)%	$	6,366		$	5,101		(20	)%
Average Assets (in billions of dollars)	$	379		$	378		$	388		$	410		$	411		—		8	%	$	379		$	397		5	%
Return on Average Assets (ROA)	1.42		%	1.31		%	1.37		%	1.25		%	1.22		%					1.68		%	1.28		%
Efficiency Ratio	55		%	57		%	56		%	54		%	54		%					53		%	55		%

Net Credit Losses as a % of Average Loans	2.04		%	2.03		%	2.02		%	1.87		%	2.10		%					2.11		%	2.00		%

Revenue by Business
Retail Banking	$	3,280		$	3,216		$	3,272		$	3,361		$	3,190		(5	)%	(3	)%	$	13,865		$	13,039		(6	)%
Cards (1)	4,595			4,554			4,461			4,866			4,843			—		5	%	18,630			18,724			1	%
Total	$	7,875		$	7,770		$	7,733		$	8,227		$	8,033		(2	)%	2	%	$	32,495		$	31,763		(2	)%

Net Credit Losses by Business
Retail Banking	$	295		$	220		$	242		$	259		$	288		11	%	(2	)%	$	1,058		$	1,009		(5	)%
Cards (1)	1,110			1,150			1,131			1,092			1,230			13	%	11	%	4,694			4,603			(2	)%
Total	$	1,405		$	1,370		$	1,373		$	1,351		$	1,518		12	%	8	%	$	5,752		$	5,612		(2	)%

Income from Continuing Operations by Business
Retail Banking	$	313		$	317		$	489		$	478		$	353		(26	)%	13	%	$	2,015		$	1,637		(19	)%
Cards (1)	1,049			914			834			810			913			13	%	(13	)%	4,361			3,471			(20	)%
Total	$	1,362		$	1,231		$	1,323		$	1,288		$	1,266		(2	)%	(7	)%	$	6,376		$	5,108		(20	)%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	7,875		$	7,770		$	7,733		$	8,227		$	8,033		(2	)%	2	%	$	32,495		$	31,763		(2	)%
Impact of FX Translation (2)	(234		)	(133		)	(141		)	(93		)	—							(1,003		)	—
Total Revenues - Ex-FX (2)	$	7,641		$	7,637		$	7,592		$	8,134		$	8,033		(1	)%	5	%	$	31,492		$	31,763		1	%

Total Operating Expenses - as Reported	$	4,346		$	4,408		$	4,304		$	4,440		$	4,364		(2	)%	—		$	17,220		$	17,516		2	%
Impact of FX Translation (2)	(109		)	(62		)	(72		)	(51		)	—							(465		)	—
Total Operating Expenses - Ex-FX (2)	$	4,237		$	4,346		$	4,232		$	4,389		$	4,364		(1	)%	3	%	$	16,755		$	17,516		5	%

Total Provisions for LLR & PBC - as Reported	$	1,397		$	1,485		$	1,425		$	1,809		$	1,708		(6	)%	22	%	$	5,469		$	6,427		18	%
Impact of FX Translation (2)	(53		)	(35		)	(28		)	(18		)	—							(213		)	—
Total Provisions for LLR & PBC - Ex-FX (2)	$	1,344		$	1,450		$	1,397		$	1,791		$	1,708		(5	)%	27	%	$	5,256		$	6,427		22	%

Net Income - as Reported	$	1,361		$	1,229		$	1,322		$	1,285		$	1,265		(2	)%	(7	)%	$	6,366		$	5,101		(20	)%
Impact of FX Translation (2)	(60		)	(28		)	(30		)	(17		)	—							(242		)	—
Net Income - Ex-FX (2)	$	1,301		$	1,201		$	1,292		$	1,268		$	1,265		—		(3	)%	$	6,124		$	5,101		(17	)%

(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 fourth 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

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

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

Branches (actual)	2,785			2,703			2,681			2,679			2,649			(1	)%	(5	)%
Accounts (in millions)	56.2			55.9			56.3			56.3			54.5			(3	)%	(3	)%
Average Deposits	$	295.2		$	295.6		$	298.9		$	302.7		$	302.6		—		3	%
Investment Sales	$	17.3		$	16.4		$	18.8		$	19.5		$	18.6		(5	)%	8	%
Investment Assets under Management (AUMs)	$	140.0		$	139.6		$	139.9		$	140.9		$	137.5		(2	)%	(2	)%
Average Loans	$	141.2		$	139.9		$	141.4		$	142.3		$	138.4		(3	)%	(2	)%
EOP Loans:
Mortgages	$	80.2		$	82.2		$	81.6		$	81.4		$	79.4		(2	)%	(1	)%
Commercial Banking	31.8			32.1			32.6			33.5			32.3			(4	)%	2	%
Personal and Other	28.7			28.0			27.6			27.0			24.9			(8	)%	(13	)%
EOP Loans	$	140.7		$	142.3		$	141.8		$	141.9		$	136.6		(4	)%	(3	)%

Net Interest Revenue (in millions) (1)	$	2,215		$	2,191		$	2,180		$	2,220		$	2,157		(3	)%	(3	)%
As a % of Average Loans	6.22		%	6.30		%	6.20		%	6.21		%	6.20		%

Net Credit Losses (in millions)	$	295		$	220		$	242		$	259		$	288		11	%	(2	)%
As a % of Average Loans	0.83		%	0.63		%	0.69		%	0.72		%	0.83		%
Loans 90+ Days Past Due (in millions) (2)	$	523		$	498		$	515		$	579		$	474		(18	)%	(9	)%
As a % of EOP Loans	0.37		%	0.35		%	0.37		%	0.41		%	0.35		%
Loans 30-89 Days Past Due (in millions) (2)	$	739		$	793		$	735		$	722		$	726		1	%	(2	)%
As a % of EOP Loans	0.53		%	0.56		%	0.52		%	0.51		%	0.53		%

Cards Key Indicators (in millions of dollars, except as otherwise noted) (3)
EOP Open Accounts (in millions)	135.9			134.1			143.0			143.0			142.7			—		5	%
Purchase Sales (in billions)	$	96.2		$	84.6		$	95.7		$	115.3		$	125.1		8	%	30	%

Average Loans (in billions) (4)	$	131.5		$	131.3		$	131.9		$	145.5		$	149.3		3	%	14	%
EOP Loans (in billions) (4)	$	136.3		$	130.3		$	143.4		$	147.8		$	155.6		5	%	14	%
Average Yield (5)	13.09		%	13.21		%	13.05		%	12.76		%	12.54		%
Net Interest Revenue (6)	$	4,332		$	4,215		$	4,184		$	4,550		$	4,562		—		5	%
As a % of Average Loans (6)	13.07		%	12.91		%	12.76		%	12.44		%	12.16		%
Net Credit Losses	$	1,110		$	1,150		$	1,131		$	1,092		$	1,230		13	%	11	%
As a % of Average Loans	3.35		%	3.52		%	3.45		%	2.99		%	3.28		%
Net Credit Margin (7)	$	3,476		$	3,396		$	3,322		$	3,766		$	3,604		(4	)%	4	%
As a % of Average Loans (7)	10.49		%	10.40		%	10.13		%	10.30		%	9.60		%
Loans 90+ Days Past Due	$	1,596		$	1,524		$	1,450		$	1,590		$	1,822		15	%	14	%
As a % of EOP Loans	1.17		%	1.17		%	1.01		%	1.08		%	1.17		%
Loans 30-89 Days Past Due	$	1,679		$	1,567		$	1,583		$	1,830		$	1,816		(1	)%	8	%
As a % of EOP Loans	1.23		%	1.20		%	1.10		%	1.24		%	1.17		%

(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-brand 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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)
Net Interest Revenue	$	4,506		$	4,442		$	4,377		$	4,748		$	4,760		—		6	%	$	17,609		$	18,327		4	%
Non-Interest Revenue	364			432			379			464			354			(24	)%	(3	)%	2,109			1,629			(23	)%
Total Revenues, Net of Interest Expense	4,870			4,874			4,756			5,212			5,114			(2	)%	5	%	19,718			19,956			1	%
Total Operating Expenses	2,405			2,506			2,432			2,600			2,542			(2	)%	6	%	9,381			10,080			7	%
Net Credit Losses	914			932			953			929			1,107			19	%	21	%	3,751			3,921			5	%
Credit Reserve Build / (Release)	(69		)	79			50			408			115			(72	)%	NM		(337		)	652			NM
Provision for Unfunded Lending Commitments	6			1			7			—			(2		)	NM		NM		7			6			(14	)%
Provision for Benefits and Claims	8			9			8			7			9			29	%	13	%	38			33			(13	)%
Provisions for Loan Losses and for Benefits and Claims	859			1,021			1,018			1,344			1,229			(9	)%	43	%	3,459			4,612			33	%
Income from Continuing Operations before Taxes	1,606			1,347			1,306			1,268			1,343			6	%	(16	)%	6,878			5,264			(23	)%
Income Taxes	613			487			464			457			500			9	%	(18	)%	2,567			1,908			(26	)%
Income from Continuing Operations	993			860			842			811			843			4	%	(15	)%	4,311			3,356			(22	)%
Noncontrolling Interests	1			—			(1		)	—			(1		)	(100	)%	NM		3			(2		)	NM
Net Income	$	992		$	860		$	843		$	811		$	844		4	%	(15	)%	$	4,308		$	3,358		(22	)%
Average Assets (in billions of dollars)	$	210		$	212		$	219		$	239		$	245		3	%	17	%	$	209		$	229		10	%
Return on Average Assets	1.87		%	1.63		%	1.55		%	1.35		%	1.37		%					2.06		%	1.47		%
Efficiency Ratio	49		%	51		%	51		%	50		%	50		%					48		%	51		%

Net Credit Losses as a % of Average Loans	2.26		%	2.32		%	2.34		%	2.08		%	2.42		%					2.39		%	2.29		%

Revenue by Business
Retail Banking	$	1,338		$	1,307		$	1,330		$	1,374		$	1,284		(7	)%	(4	)%	$	5,478		$	5,295		(3	)%
Citi-Branded Cards	1,937			1,880			1,907			2,213			2,235			1	%	15	%	7,809			8,235			5	%
Citi Retail Services	1,595			1,687			1,519			1,625			1,595			(2	)%	—		6,431			6,426			—
Total	$	4,870		$	4,874		$	4,756		$	5,212		$	5,114		(2	)%	5	%	$	19,718		$	19,956		1	%

Net Credit Losses by Business
Retail Banking	$	42		$	24		$	44		$	54		$	85		57	%	NM		$	150		$	207		38	%
Citi-Branded Cards	454			455			467			448			539			20	%	19	%	1,892			1,909			1	%
Citi Retail Services	418			453			442			427			483			13	%	16	%	1,709			1,805			6	%
Total	$	914		$	932		$	953		$	929		$	1,107		19	%	21	%	$	3,751		$	3,921		5	%

Income from Continuing Operations by Business
Retail Banking	$	137		$	98		$	178		$	196		$	95		(52	)%	(31	)%	$	715		$	567		(21	)%
Citi-Branded Cards	515			366			334			336			461			37	%	(10	)%	2,075			1,497			(28	)%
Citi Retail Services	341			396			330			279			287			3	%	(16	)%	1,521			1,292			(15	)%
Total	$	993		$	860		$	842		$	811		$	843		4	%	(15	)%	$	4,311		$	3,356		(22	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 9

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

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

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

Branches (actual)	780			729			729			727			723			(1	)%	(7	)%
Accounts (in millions)	11.0			10.8			10.8			10.6			10.5			(1	)%	(5	)%
Investment Sales	$	4.6		$	4.8		$	5.5		$	5.2		$	5.3		2	%	15	%
Investment AUMs	$	48.9		$	49.4		$	51.4		$	53.1		$	52.8		(1	)%	8	%

Average Deposits	$	181.2		$	180.6		$	182.1		$	183.9		$	186.0		1	%	3	%

Average Loans	$	51.8		$	52.9		$	54.4		$	55.0		$	55.0		—		6	%

EOP Loans:
Mortgages	$	41.9		$	42.9		$	43.9		$	44.0		$	44.2		—		5	%
Commercial Banking	7.8			8.2			8.4			8.8			9.0			2	%	15	%
Personal and Other	2.5			2.4			2.5			2.0			2.1			5	%	(16	)%
Total EOP Loans	$	52.2		$	53.5		$	54.8		$	54.8		$	55.3		1	%	6	%

Mortgage Originations (1)	$	6.2		$	5.5		$	6.4		$	6.5		$	5.6		(14	)%	(10	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	159.5		$	155.9		$	151.8		$	147.6		$	143.2		(3	)%	(10	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	110.6		$	97.6		$	90.9		$	141.9		$	102.8		(28	)%	(7	)%

Saleable Mortgage Rate Locks	$	3.2		$	3.1		$	4.0		$	3.9		$	2.6		(33	)%	(19	)%

Net Interest Revenue on Loans (in millions)	$	271		$	276		$	268		$	267		$	256		(4	)%	(6	)%
As a % of Avg. Loans	2.08		%	2.10		%	1.98		%	1.93		%	1.85		%

Net Credit Losses (in millions)	$	42		$	24		$	44		$	54		$	85		57	%	NM
As a % of Avg. Loans	0.32		%	0.18		%	0.33		%	0.39		%	0.61		%

Loans 90+ Days Past Due (in millions) (2)	$	165		$	152		$	180		$	256		$	181		(29	)%	10	%
As a % of EOP Loans	0.32		%	0.29		%	0.33		%	0.47		%	0.33		%
Loans 30-89 Days Past Due (in millions) (2)	$	221		$	198		$	192		$	198		$	214		8	%	(3	)%
As a % of EOP Loans	0.43		%	0.38		%	0.36		%	0.37		%	0.39		%

(1) Originations of residential 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 $491 million and ($1.1 billion), $456 million and ($1.1 billion), $408 million and ($0.9 billion), $305 million and ($0.7 billion), and $327 million and ($0.7 billion), as of December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $87 million and ($1.1 billion), $86 million and ($1.1 billion), $91 million and ($0.9 billion), $58 million and ($0.7 billion), and $70 million and ($0.7 billion), as of December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016, respectively.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 10

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

																4Q16 Increase/
	4Q			1Q			2Q			3Q			4Q			(Decrease) from
	2015			2016			2016			2016			2016			3Q16		4Q15
Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1) (2)
EOP Open Accounts (in millions)	23.5			23.8			31.8			32.5			32.9			1	%	40	%
Purchase Sales (in billions)	$	49.0		$	45.9		$	53.1		$	73.1		$	78.5		7	%	60	%

Average Loans (in billions) (1)	$	64.6		$	64.7		$	66.7		$	79.2		$	82.1		4	%	27	%

EOP Loans (in billions) (1)	$	67.2		$	64.9		$	77.5		$	81.3		$	86.0		6	%	28	%

Average Yield (3)	10.31		%	10.38		%	10.04		%	9.90		%	9.60		%
Net Interest Revenue (4)	$	1,633		$	1,612		$	1,612		$	1,884		$	1,890		—		16	%
As a % of Avg. Loans (4)	10.03		%	10.02		%	9.72		%	9.46		%	9.16		%
Net Credit Losses	$	454		$	455		$	467		$	448		$	539		20	%	19	%
As a % of Average Loans	2.79		%	2.83		%	2.82		%	2.25		%	2.61		%
Net Credit Margin (5)	$	1,481		$	1,421		$	1,437		$	1,762		$	1,692		(4	)%	14	%
As a % of Avg. Loans (5)	9.10		%	8.83		%	8.67		%	8.85		%	8.20		%
Loans 90+ Days Past Due	$	538		$	530		$	510		$	607		$	748		23	%	39	%
As a % of EOP Loans	0.80		%	0.82		%	0.66		%	0.75		%	0.87		%
Loans 30-89 Days Past Due	$	523		$	492		$	550		$	710		$	688		(3	)%	32	%
As a % of EOP Loans	0.78		%	0.76		%	0.71		%	0.87		%	0.80		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	89.9			88.1			88.9			88.3			87.7			(1	)%	(2	)%
Purchase Sales (in billions)	$	23.5		$	16.9		$	20.1		$	19.7		$	23.2		18	%	(1	)%

Average Loans (in billions) (1)	$	44.1		$	44.0		$	42.7		$	43.6		$	44.9		3	%	2	%

EOP Loans (in billions) (1)	$	46.1		$	42.5		$	43.3		$	43.9		$	47.3		8	%	3	%

Average Yield (3)	16.49		%	16.92		%	17.01		%	17.06		%	16.92		%
Net Interest Revenue (4)	$	1,939		$	1,899		$	1,843		$	1,934		$	1,959		1	%	1	%
As a % of Avg. Loans (4)	17.44		%	17.36		%	17.36		%	17.65		%	17.36		%
Net Credit Losses	$	418		$	453		$	442		$	427		$	483		13	%	16	%
As a % of Average Loans	3.76		%	4.14		%	4.16		%	3.90		%	4.28		%
Net Credit Margin (5)	$	1,170		$	1,230		$	1,072		$	1,193		$	1,107		(7	)%	(5	)%
As a % of Avg. Loans (5)	10.53		%	11.24		%	10.10		%	10.89		%	9.81		%
Loans 90+ Days Past Due	$	705		$	665		$	619		$	664		$	761		15	%	8	%
As a % of EOP Loans	1.53		%	1.56		%	1.43		%	1.51		%	1.61		%
Loans 30-89 Days Past Due	$	773		$	688		$	669		$	750		$	777		4	%	1	%
As a % of EOP Loans	1.68		%	1.62		%	1.55		%	1.71		%	1.64		%

(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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)
Net Interest Revenue	$	945		$	863		$	871		$	886		$	849		(4	)%	(10	)%	$	3,885		$	3,469		(11	)%
Non-Interest Revenue	416			378			377			371			374			1	%	(10	)%	1,885			1,500			(20	)%
Total Revenues, Net of Interest Expense (1)	1,361			1,241			1,248			1,257			1,223			(3	)%	(10	)%	5,770			4,969			(14	)%
Total Operating Expenses	824			720			726			713			691			(3	)%	(16	)%	3,262			2,850			(13	)%
Net Credit Losses	307			278			260			254			248			(2	)%	(19	)%	1,280			1,040			(19	)%
Credit Reserve Build / (Release)	3			17			(2		)	32			36			13	%	NM		33			83			NM
Provision for Unfunded Lending Commitments	—			1			1			—			(1		)	(100	)%	(100	)%	(2		)	1			NM
Provision for Benefits and Claims	22			19			12			18			23			28	%	5	%	69			72			4	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	332			315			271			304			306			1	%	(8	)%	1,380			1,196			(13	)%
Income from Continuing Operations before Taxes	205			206			251			240			226			(6	)%	10	%	1,128			923			(18	)%
Income Taxes	53			50			67			73			64			(12	)%	21	%	260			254			(2	)%
Income from Continuing Operations	152			156			184			167			162			(3	)%	7	%	868			669			(23	)%
Noncontrolling Interests	—			1			1			2			1			(50	)%	100	%	3			5			67	%
Net Income	$	152		$	155		$	183		$	165		$	161		(2	)%	6	%	$	865		$	664		(23	)%
Average Assets (in billions of dollars)	$	52		$	50		$	50		$	50		$	46		(8	)%	(12	)%	$	54		$	49		(9	)%
Return on Average Assets	1.16		%	1.25		%	1.47		%	1.31		%	1.39		%					1.60		%	1.36		%
Efficiency Ratio	61		%	58		%	58		%	57		%	57		%					57		%	57		%

Net Credit Losses as a % of Average Loans	4.70		%	4.53		%	4.25		%	4.12		%	4.15		%					4.81		%	4.26		%

Revenue by Business
Retail Banking	$	934		$	868		$	865		$	893		$	868		(3	)%	(7	)%	$	3,981		$	3,494		(12	)%
Citi-Branded Cards	427			373			383			364			355			(2	)%	(17	)%	1,789			1,475			(18	)%
Total	$	1,361		$	1,241		$	1,248		$	1,257		$	1,223		(3	)%	(10	)%	$	5,770		$	4,969		(14	)%

Net Credit Losses by Business
Retail Banking	$	159		$	134		$	137		$	132		$	138		5	%	(13	)%	$	589		$	541		(8	)%
Citi-Branded Cards	148			144			123			122			110			(10	)%	(26	)%	691			499			(28	)%
Total	$	307		$	278		$	260		$	254		$	248		(2	)%	(19	)%	$	1,280		$	1,040		(19	)%

Income from Continuing Operations by Business
Retail Banking	$	65		$	99		$	107		$	91		$	93		2	%	43	%	$	562		$	390		(31	)%
Citi-Branded Cards	87			57			77			76			69			(9	)%	(21	)%	306			279			(9	)%
Total	$	152		$	156		$	184		$	167		$	162		(3	)%	7	%	$	868		$	669		(23	)%

FX Translation Impact:
Total Revenue - as Reported (1)	$	1,361		$	1,241		$	1,248		$	1,257		$	1,223		(3	)%	(10	)%	$	5,770		$	4,969		(14	)%
Impact of FX Translation (2)	(227		)	(132		)	(120		)	(59		)	—							(873		)	—
Total Revenues - Ex-FX (1) (2)	$	1,134		$	1,109		$	1,128		$	1,198		$	1,223		2	%	8	%	$	4,897		$	4,969		1	%

Total Operating Expenses - as Reported	$	824		$	720		$	726		$	713		$	691		(3	)%	(16	)%	$	3,262		$	2,850		(13	)%
Impact of FX Translation (2)	(100		)	(61		)	(56		)	(27		)	—							(360		)	—
Total Operating Expenses - Ex-FX (2)	$	724		$	659		$	670		$	686		$	691		1	%	(5	)%	$	2,902		$	2,850		(2	)%

Provisions for LLR & PBC - as Reported	$	332		$	315		$	271		$	304		$	306		1	%	(8	)%	$	1,380		$	1,196		(13	)%
Impact of FX Translation (2)	(53		)	(34		)	(27		)	(15		)	—							(201		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	279		$	281		$	244		$	289		$	306		6	%	10	%	$	1,179		$	1,196		1	%

Net Income - as Reported	$	152		$	155		$	183		$	165		$	161		(2	)%	6	%	$	865		$	664		(23	)%
Impact of FX Translation (2)	(61		)	(29		)	(28		)	(12		)	—							(242		)	—
Net Income - Ex-FX (2)	$	91		$	126		$	155		$	153		$	161		5	%	77	%	$	623		$	664		7	%

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 12

CITICORP

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

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

Branches (actual)	1,492			1,493			1,491			1,494			1,494			—		—
Accounts (in millions)	27.7			27.9			28.4			28.8			27.4			(5	)%	(1	)%
Average Deposits	$	27.3		$	27.8		$	27.4		$	27.2		$	26.7		(2	)%	(2	)%
Investment Sales	$	6.7		$	5.5		$	5.8		$	5.7		$	6.0		5	%	(10	)%
Investment AUMs	$	34.1		$	34.1		$	32.4		$	31.0		$	28.9		(7	)%	(15	)%
Average Loans	$	20.4		$	19.5		$	19.5		$	19.4		$	18.8		(3	)%	(8	)%
EOP Loans:
Mortgages	$	3.9		$	4.6		$	4.2		$	4.1		$	3.9		(5	)%	—
Commercial Banking	9.2			9.1			9.0			8.9			8.8			(1	)%	(4	)%
Personal and Other	7.0			6.4			6.3			6.0			5.6			(7	)%	(20	)%
Total EOP Loans	$	20.1		$	20.1		$	19.5		$	19.0		$	18.3		(4	)%	(9	)%

Net Interest Revenue (in millions) (1)	$	635		$	597		$	595		$	621		$	602		(3	)%	(5	)%
As a % of Average Loans (1)	12.35		%	12.31		%	12.27		%	12.73		%	12.74		%
Net Credit Losses (in millions)	$	159		$	134		$	137		$	132		$	138		5	%	(13	)%
As a % of Average Loans	3.09		%	2.76		%	2.83		%	2.71		%	2.92		%
Loans 90+ Days Past Due (in millions)	$	185		$	172		$	157		$	160		$	136		(15	)%	(26	)%
As a % of EOP Loans	0.92		%	0.86		%	0.81		%	0.84		%	0.74		%
Loans 30-89 Days Past Due (in millions)	$	184		$	256		$	197		$	196		$	185		(6	)%	1	%
As a % of EOP Loans	0.92		%	1.27		%	1.01		%	1.03		%	1.01		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.6			5.6			5.7			5.8			5.8			—		4	%
Purchase Sales (in billions)	$	4.4		$	3.7		$	3.8		$	3.8		$	4.0		5	%	(9	)%
Average Loans (in billions) (2)	$	5.5		$	5.2		$	5.1		$	5.1		$	5.0		(2	)%	(9	)%
EOP Loans (in billions) (2)	$	5.4		$	5.3		$	5.0		$	4.9		$	4.8		(2	)%	(11	)%
Average Yield (3)	20.73		%	19.77		%	20.24		%	20.32		%	20.13		%	(1	)%	(3	)%

Net Interest Revenue (in millions) (4)	$	310		$	266		$	276		$	265		$	247		(7	)%	(20	)%
As a % of Average Loans (4)	22.36		%	20.57		%	21.77		%	20.67		%	19.65		%
Net Credit Losses (in millions)	$	148		$	144		$	123		$	122		$	110		(10	)%	(26	)%
As a % of Average Loans	10.68		%	11.14		%	9.70		%	9.52		%	8.75		%
Net Credit Margin (in millions) (5)	$	279		$	229		$	260		$	242		$	245		1	%	(12	)%
As a % of Average Loans (5)	20.13		%	17.71		%	20.50		%	18.88		%	19.49		%
Loans 90+ Days Past Due (in millions)	$	173		$	149		$	145		$	131		$	130		(1	)%	(25	)%
As a % of EOP Loans	3.20		%	2.81		%	2.90		%	2.67		%	2.71		%
Loans 30-89 Days Past Due (in millions)	$	157		$	152		$	137		$	131		$	125		(5	)%	(20	)%
As a % of EOP Loans	2.91		%	2.87		%	2.74		%	2.67		%	2.60		%

(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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Net Interest Revenue	$	1,096		$	1,101		$	1,116		$	1,136		$	1,110		(2	)%	1	%	$	4,490		$	4,463		(1	)%
Non-Interest Revenue	548			554			613			622			586			(6	)%	7	%	2,517			2,375			(6	)%
Total Revenues, Net of Interest Expense	1,644			1,655			1,729			1,758			1,696			(4	)%	3	%	7,007			6,838			(2	)%
Total Operating Expenses	1,117			1,182			1,146			1,127			1,131			—		1	%	4,577			4,586			—
Net Credit Losses	184			160			160			168			163			(3	)%	(11	)%	721			651			(10	)%
Credit Reserve Build / (Release)	22			(11		)	(24		)	(4		)	11			NM		(50	)%	(89		)	(28		)	69	%
Provision for Unfunded Lending Commitments	—			—			—			(3		)	(1		)	67	%	(100	)%	(2		)	(4		)	(100	)%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	206			149			136			161			173			7	%	(16	)%	630			619			(2	)%
Income from Continuing Operations before Taxes	321			324			447			470			392			(17	)%	22	%	1,800			1,633			(9	)%
Income Taxes	104			109			150			160			131			(18	)%	26	%	603			550			(9	)%
Income from Continuing Operations	217			215			297			310			261			(16	)%	20	%	1,197			1,083			(10	)%
Noncontrolling Interests	—			1			1			1			1			—		100	%	4			4			—
Net Income	$	217		$	214		$	296		$	309		$	260		(16	)%	20	%	$	1,193		$	1,079		(10	)%
Average Assets (in billions of dollars)	$	117		$	116		$	119		$	121		$	120		(1	)%	3	%	$	117		$	119		2	%
Return on Average Assets	0.74		%	0.74		%	1.00		%	1.02		%	0.86		%					1.02		%	0.91		%
Efficiency Ratio	68		%	71		%	66		%	64		%	67		%					65		%	67		%

Net Credit Losses as a % of Average Loans	0.85		%	0.76		%	0.76		%	0.78		%	0.79		%					0.81		%	0.77		%

Revenue by Business
Retail Banking	$	1,008		$	1,041		$	1,077		$	1,094		$	1,038		(5	)%	3	%	$	4,406		$	4,250		(4	)%
Citi-Branded Cards	636			614			652			664			658			(1	)%	3	%	2,601			2,588			—
Total	$	1,644		$	1,655		$	1,729		$	1,758		$	1,696		(4	)%	3	%	$	7,007		$	6,838		(2	)%

Net Credit Losses by Business
Retail Banking	$	94		$	62		$	61		$	73		$	65		(11	)%	(31	)%	$	319		$	261		(18	)%
Citi-Branded Cards	90			98			99			95			98			3	%	9	%	402			390			(3	)%
Total	$	184		$	160		$	160		$	168		$	163		(3	)%	(11	)%	$	721		$	651		(10	)%

Income from Continuing Operations by Business
Retail Banking	$	111		$	120		$	204		$	191		$	165		(14	)%	49	%	$	738		$	680		(8	)%
Citi-Branded Cards	106			95			93			119			96			(19	)%	(9	)%	459			403			(12	)%
Total	$	217		$	215		$	297		$	310		$	261		(16	)%	20	%	$	1,197		$	1,083		(10	)%

FX Translation Impact:
Total Revenue - as Reported	$	1,644		$	1,655		$	1,729		$	1,758		$	1,696		(4	)%	3	%	$	7,007		$	6,838		(2	)%
Impact of FX Translation (2)	(7		)	(1		)	(21		)	(34		)	—							(130		)	—
Total Revenues - Ex-FX (2)	$	1,637		$	1,654		$	1,708		$	1,724		$	1,696		(2	)%	4	%	$	6,877		$	6,838		(1	)%

Total Operating Expenses - as Reported	$	1,117		$	1,182		$	1,146		$	1,127		$	1,131		—		1	%	$	4,577		$	4,586		—
Impact of FX Translation (2)	(9		)	(1		)	(16		)	(24		)	—							(105		)	—
Total Operating Expenses - Ex-FX (2)	$	1,108		$	1,181		$	1,130		$	1,103		$	1,131		3	%	2	%	$	4,472		$	4,586		3	%

Provisions for LLR & PBC - as Reported	$	206		$	149		$	136		$	161		$	173		7	%	(16	)%	$	630		$	619		(2	)%
Impact of FX Translation (2)	—			(1		)	(1		)	(3		)	—							(12		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	206		$	148		$	135		$	158		$	173		9	%	(16	)%	$	618		$	619		—

Net Income - as Reported	$	217		$	214		$	296		$	309		$	260		(16	)%	20	%	$	1,193		$	1,079		(10	)%
Impact of FX Translation (2)	1			1			(2		)	(5		)	—							—			—
Net Income - Ex-FX (2)	$	218		$	215		$	294		$	304		$	260		(14	)%	19	%	$	1,193		$	1,079		(10	)%

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 14

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

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

Branches (actual)	513			481			461			458			432			(6	)%	(16	)%
Accounts (in millions)	17.5			17.2			17.1			16.9			16.6			(2	)%	(5	)%
Average Deposits	$	86.7		$	87.2		$	89.4		$	91.6		$	89.9		(2	)%	4	%
Investment Sales	$	6.0		$	6.1		$	7.5		$	8.6		$	7.3		(15	)%	22	%
Investment AUMs	$	57.0		$	56.1		$	56.1		$	56.8		$	55.8		(2	)%	(2	)%
Average Loans	$	69.0		$	67.5		$	67.5		$	67.9		$	64.6		(5	)%	(6	)%
EOP Loans:
Mortgages	$	34.4		$	34.7		$	33.5		$	33.3		$	31.3		(6	)%	(9	)%
Commercial Banking	14.8			14.8			15.2			15.8			14.5			(8	)%	(2	)%
Personal and Other	19.2			19.2			18.8			19.0			17.2			(9	)%	(10	)%
Total EOP Loans	$	68.4		$	68.7		$	67.5		$	68.1		$	63.0		(7	)%	(8	)%

Net Interest Revenue (in millions) (2)	$	646		$	663		$	664		$	669		$	644		(4	)%	—
As a % of Average Loans (2)	3.71		%	3.95		%	3.96		%	3.92		%	3.97		%
Net Credit Losses (in millions)	$	94		$	62		$	61		$	73		$	65		(11	)%	(31	)%
As a % of Average Loans	0.54		%	0.37		%	0.36		%	0.43		%	0.40		%
Loans 90+ Days Past Due (in millions)	$	173		$	174		$	178		$	163		$	157		(4	)%	(9	)%
As a % of EOP Loans	0.25		%	0.25		%	0.26		%	0.24		%	0.25		%
Loans 30-89 Days Past Due (in millions)	$	334		$	339		$	346		$	328		$	327		—		(2	)%
As a % of EOP Loans	0.49		%	0.49		%	0.51		%	0.48		%	0.52		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	16.9			16.6			16.6			16.4			16.3			(1	)%	(4	)%
Purchase Sales (in billions)	$	19.3		$	18.1		$	18.7		$	18.7		$	19.4		4	%	1	%
Average Loans (in billions) (3)	$	17.3		$	17.4		$	17.4		$	17.6		$	17.3		(2	)%	—
EOP Loans (in billions) (3)	$	17.6		$	17.6		$	17.6		$	17.7		$	17.5		(1	)%	(1	)%
Average Yield (4)	12.39		%	12.51		%	12.70		%	12.82		%	12.92		%	1	%	4	%

Net Interest Revenue (in millions) (5)	$	450		$	438		$	453		$	467		$	466		—		4	%
As a % of Average Loans (6)	10.32		%	10.12		%	10.47		%	10.56		%	10.72		%
Net Credit Losses (in millions)	$	90		$	98		$	99		$	95		$	98		3	%	9	%
As a % of Average Loans	2.06		%	2.27		%	2.29		%	2.15		%	2.25		%
Net Credit Margin (in millions) (6)	$	546		$	516		$	553		$	569		$	560		(2	)%	3	%
As a % of Average Loans (6)	12.52		%	11.93		%	12.78		%	12.86		%	12.88		%
Loans 90+ Days Past Due	$	180		$	180		$	176		$	188		$	183		(3	)%	2	%
As a % of EOP Loans	1.02		%	1.02		%	1.00		%	1.06		%	1.05		%
Loans 30-89 Days Past Due	$	226		$	235		$	227		$	239		$	226		(5	)%	—
As a % of EOP Loans	1.28		%	1.34		%	1.29		%	1.35		%	1.29		%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries 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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Commissions and Fees	$	926		$	1,003		$	955		$	928		$	968		4	%	5	%	3,871			3,854			—
Administration and Other Fiduciary Fees	573			597			638			610			592			(3	)%	3	%	2,443			2,437			—
Investment Banking	1,028			740			1,029			917			969			6	%	(6	)%	4,110			3,655			(11	)%
Principal Transactions	619			1,574			1,911			2,063			1,782			(14	)%	NM		5,818			7,330			26	%
Other	55			(8		)	46			(126		)	(66		)	48	%	NM		1,408			(154		)	NM
Total Non-Interest Revenue	3,201			3,906			4,579			4,392			4,245			(3	)%	33	%	17,650			17,122			(3	)%
Net Interest Revenue (including Dividends)	4,108			4,130			4,267			4,236			4,095			(3	)%	—		16,341			16,728			2	%
Total Revenues, Net of Interest Expense	7,309			8,036			8,846			8,628			8,340			(3	)%	14	%	33,991			33,850			—
Total Operating Expenses	4,865			4,869			4,760			4,680			4,630			(1	)%	(5	)%	19,074			18,939			(1	)%
Net Credit Losses	96			211			141			45			119			NM		24	%	214			516			NM
Credit Reserve Build / (Release)	465			108			(26		)	(93		)	(53		)	43	%	NM		654			(64		)	NM
Provision for Unfunded Lending Commitments	89			71			(33		)	(42		)	38			NM		(57	)%	94			34			(64	)%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	650			390			82			(90		)	104			NM		(84	)%	962			486			(49	)%
Income from Continuing Operations before Taxes	1,794			2,777			4,004			4,038			3,606			(11	)%	NM		13,955			14,425			3	%
Income Taxes	532			818			1,289			1,266			1,124			(11	)%	NM		4,426			4,497			2	%
Income from Continuing Operations	1,262			1,959			2,715			2,772			2,482			(10	)%	97	%	9,529			9,928			4	%
Noncontrolling Interests	7			10			17			19			12			(37	)%	71	%	51			58			14	%
Net Income	$	1,255		$	1,949		$	2,698		$	2,753		$	2,470		(10	)%	97	%	$	9,478		$	9,870		4	%
Average Assets (in billions of dollars)	$	1,257		$	1,271		$	1,299		$	1,309		$	1,309		—		4	%	$	1,271		$	1,297		2	%
Return on Average Assets (ROA)	0.40		%	0.62		%	0.84		%	0.84		%	0.75		%					0.75		%	0.76		%
ROA (Excluding CVA/DVA) (1)(2)	0.43		%	0.62		%	0.84		%	0.84		%	0.75		%					0.73		%	0.76		%
Efficiency Ratio	67		%	61		%	54		%	54		%	56		%					56		%	56		%

Revenue by Region - Excluding CVA/DVA (2)
North America	$	2,779		$	3,046		$	3,478		$	3,276		$	3,017		(8	)%	9	%	$	12,822		$	12,817		—
EMEA	2,132			2,207			2,615			2,554			2,653			4	%	24	%	9,826			10,029			2	%
Latin America	970			975			1,033			1,009			1,009			—		4	%	4,043			4,026			—
Asia	1,614			1,808			1,720			1,789			1,661			(7	)%	3	%	7,031			6,978			(1	)%
Total	$	7,495		$	8,036		$	8,846		$	8,628		$	8,340		(3	)%	11	%	$	33,722		$	33,850		—
CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above}	(186		)	—			—			—			—			—		100	%	269			—			(100	)%
Total Revenues, net of Interest Expense	$	7,309		$	8,036		$	8,846		$	8,628		$	8,340		(3	)%	14	%	$	33,991		$	33,850		—

Income from Continuing Operations by Region - Excluding CVA/DVA (2)
North America	$	517		$	584		$	1,059		$	1,119		$	916		(18	)%	77	%	$	3,417		$	3,678		8	%
EMEA	231			399			720			680			677			—		NM		2,255			2,476			10	%
Latin America	190			337			396			396			352			(11	)%	85	%	1,388			1,481			7	%
Asia	441			639			540			577			537			(7	)%	22	%	2,297			2,293			—
Total	$	1,379		$	1,959		$	2,715		$	2,772		$	2,482		(10	)%	80	%	$	9,357		$	9,928		6	%
CVA/DVA (after-tax) for Periods Prior to 1Q16 {excluded as applicable in lines above}	(117		)	—			—			—			—			—		100	%	172			—			(100	)%
Income from Continuing Operations	$	1,262		$	1,959		$	2,715		$	2,772		$	2,482		(10	)%	97	%	$	9,529		$	9,928		4	%

Average Loans by Region (in billions)
North America	128			$	129		$	133		$	135		138			2	%	8	%	$	123		$	133		8	%
EMEA	62			63			67			68			66			(3	)%	6	%	62			66			6	%
Latin America	43			43			42			43			42			(2	)%	(2	)%	41			43			5	%
Asia	61			60			61			60			57			(5	)%	(7	)%	62			60			(3	)%
Total	$	294		$	295		$	303		$	306		$	303		(1	)%	3	%	$	288		$	302		5	%

EOP Deposits by Region (in billions)
North America	$	199		$	199		$	205		$	212		$	217		3	%	10	%
EMEA	171			181			179			181			178			(2	)%	4	%
Latin America	64			68			64			63			63			(1	)%	(3	)%
Asia	154			159			159			161			152			(5	)%	(2	)%
Total	$	588		$	607		$	607		$	617		$	610		(1	)%	4	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	392		$	415		$	405		$	415		$	411		(1	)%	5	%
All Other ICG Businesses	196			192			202			202			199			(1	)%	2	%
Total	$	588		$	607		$	607		$	617		$	610		(1	)%	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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Revenue Details - Excluding CVA/DVA:
Investment Banking:
Advisory	$	302		$	227		$	238		$	239		$	296		24	%	(2	)%	$	1,093		$	1,000		(9	)%
Equity Underwriting	206			118			174			146			190			30	%	(8	)%	906			628			(31	)%
Debt Underwriting	623			530			805			701			648			(8	)%	4	%	2,568			2,684			5	%
Total Investment Banking	1,131			875			1,217			1,086			1,134			4	%	—		4,567			4,312			(6	)%
Treasury and Trade Solutions	1,992			1,951			2,048			2,039			2,060			1	%	3	%	7,770			8,098			4	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	432			455			389			450			462			3	%	7	%	1,817			1,756			(3	)%
Private Bank	691			746			738			746			731			(2	)%	6	%	2,862			2,961			3	%
Total Banking Revenues (Ex-CVA/DVA and Gain/(Loss) on Loan Hedges) (1) (2)	$	4,246		$	4,027		$	4,392		$	4,321		$	4,387		2	%	3	%	$	17,016		$	17,127		1	%

Corporate Lending — Gain/(Loss) on Loan Hedges (2)	(14		)	(66		)	(203		)	(218		)	(107		)	51	%	NM		324			(594		)	NM
Total Banking Revenues (Ex-CVA/DVA) and including G(L) on Loan Hedges (1)	$	4,232		$	3,961		$	4,189		$	4,103		$	4,280		4	%	1	%	$	17,340		$	16,533		(5	)%

Fixed Income Markets	2,221			3,085			3,468			3,466			3,010			(13	)%	36	%	11,318			13,029			15	%
Equity Markets	603			706			788			663			694			5	%	15	%	3,121			2,851			(9	)%
Securities Services	517			562			531			536			533			(1	)%	3	%	2,143			2,162			1	%
Other	(78		)	(278		)	(130		)	(140		)	(177		)	(26	)%	NM		(200		)	(725		)	NM
Total Markets and Securities Services (Ex-CVA/DVA) (1)	$	3,263		$	4,075		$	4,657		$	4,525		$	4,060		(10	)%	24	%	$	16,382		$	17,317		6	%

Total ICG (Ex-CVA/DVA) (1)	$	7,495		$	8,036		$	8,846		$	8,628		$	8,340		(3	)%	11	%	$	33,722		$	33,850		—

CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above}	(186		)	—			—			—			—			—		100	%	269			—			(100	)%
Total Revenues, net of Interest Expense	$	7,309		$	8,036		$	8,846		$	8,628		$	8,340		(3	)%	14	%	$	33,991		$	33,850		—

Taxable-equivalent adjustments (3)	$	173		$	166		$	144		$	162		$	169		4	%	(2	)%	$	660		$	641		(3	)%

Total ICG Revenues (Ex-CVA/DVA) and including taxable-equivalent adjustments (1) (3)	$	7,668		$	8,202		$	8,990		$	8,790		$	8,509		(3	)%	11	%	$	34,382		$	34,491		—

(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 are 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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Net Interest Revenue	$	(39	)	$	94		$	56		$	(9	)	$	(62	)	NM		(59	)%	$	(152	)	$	79		NM
Non-Interest Revenue	146			180			70			37			44			19	%	(70	)%	1,060			331			(69	)%
Total Revenues, Net of Interest Expense	107			274			126			28			(18		)	NM		NM		908			410			(55	)%
Total Operating Expenses	473			418			447			458			467			2	%	(1	)%	1,750			1,790			2	%
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	(366		)	(144		)	(321		)	(430		)	(485		)	(13	)%	(33	)%	(842		)	(1,380		)	(64	)%
Income Taxes (Benefits)	(467		)	(115		)	(232		)	(183		)	(241		)	(32	)%	48	%	(1,338		)	(771		)	42	%
Income (Loss) from Continuing Operations	101			(29		)	(89		)	(247		)	(244		)	1	%	NM		496			(609		)	NM
Income (Loss) from Discontinued Operations, net of taxes	(45		)	(2		)	(23		)	(30		)	(3		)	90	%	93	%	(54		)	(58		)	(7	)%
Noncontrolling Interests	7			(8		)	3			(5		)	2			NM		(71	)%	18			(8		)	NM
Net Income (Loss)	$	49		$	(23	)	$	(115	)	$	(272	)	$	(249	)	8	%	NM		$	424		$	(659	)	NM
EOP Assets (in billions of dollars)	$	52		$	51		$	49		$	43		$	49		14	%	(6	)%
Average Assets (in billions of dollars)	$	51		$	51		$	49		$	47		$	42		(11	)%	(18	)%	$	55		$	47		(15	)%

(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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)
Revenues
Net interest revenue	$	847		$	597		$	549		$	482		$	410		(15	)%	(52	)%	$	4,457		$	2,038		(54	)%
Non-interest revenue (1) (2)	2,318			878			294			395			247			(37	)%	(89	)%	4,503			1,814			(60	)%
Total revenues, net of interest expense	3,165			1,475			843			877			657			(25	)%	(79	)%	8,960			3,852			(57	)%

Provisions for Credit Losses and for Benefits and Claims
Net Credit Losses	261			143			102			129			59			(54	)%	(77	)%	1,336			433			(68	)%
Credit Reserve Build / (Release) (1) (2) (3)	73			(31		)	(224		)	(122		)	(78		)	36	%	NM		(455		)	(455		)	—
Provision for loan losses	334			112			(122		)	7			(19		)	NM		NM		881			(22		)	NM
Provision for Benefits and Claims	134			60			29			10			—			(100	)%	(100	)%	624			99			(84	)%
Provision for unfunded lending commitments	(1		)	(2		)	(5		)	—			(1		)	(100	)%	—		(23		)	(8		)	65	%
Total provisions for credit losses and for benefits and claims	467			170			(98		)	17			(20		)	NM		NM		1,482			69			(95	)%

Total operating expenses	1,450			828			858			826			659			(20	)%	(55	)%	5,571			3,171			(43	)%

Income (Loss) from Continuing Operations before Income Taxes	1,248			477			83			34			18			(47	)%	(99	)%	1,907			612			(68	)%
Provision (benefits) for income taxes	568			130			(15		)	(40		)	(69		)	(73	)%	NM		922			6			(99	)%

Income (Loss) from Continuing Operations	680			347			98			74			87			18	%	(87	)%	985			606			(38	)%

Noncontrolling Interests	10			1			5			—			—			—		(100	)%	11			6			(45	)%
Citi Holding’s Net Income (Loss)	$	670		$	346		$	93		$	74		$	87		18	%	(87	)%	$	974		$	600		(38	)%
Average Assets (in billions of dollars)	$	97		$	78		$	71		$	64		$	58		(9	)%	(40	)%	$	119		$	68		(43	)%
Return on Average Assets	2.74		%	1.78		%	0.53		%	0.46		%	0.60		%					0.82		%	0.88		%
Efficiency Ratio	46		%	56		%	102		%	94		%	100		%					62		%	82		%

Balance Sheet Data (in billions):

Total EOP Assets	$	81		$	73		$	66		$	61		$	54		(11	)%	(33	)%	$	81		$	54		(33	)%

Total EOP Loans	$	49		$	45		$	41		$	39		$	33		(15	)%	(32	)%	$	49		$	33		(32	)%

Total EOP Deposits	$	10		$	9		$	6		$	6		$	2		(63	)%	(79	)%	$	10		$	2		(79	)%

Consumer Net Credit Losses as a % of Average Loans	1.81		%	1.25		%	0.94		%	1.31		%	0.69		%					1.96		%	1.06		%

(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 $74 million of cost of credit was recorded as a reduction in revenue (Other revenue) during the fourth quarter of 2015. The OneMain sale was completed on November 15, 2015. Additionally, the HFS treatment resulted in the reclassification of loans of OneMain to Other assets, where applicable.

(2) As a result of Citigroup’s entry into agreements in October 2016 to sell its Brazil and Argentina consumer banking businesses, these businesses were classified as HFS at the end of the fourth quarter 2016. As a result of HFS accounting treatment, approximately $35 million of cost of credit was recorded as a reduction in revenue (Other revenue) during the fourth quarter of 2016. Additionally, the HFS treatment resulted in the reclassification of loans of these businesses to Other assets, where applicable.

(3) 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 and fourth quarters of 2016 include releases of $89 million and $30 million, respectively, related to sales and transfers of mortgage loans during those quarters.

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)

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

CITI HOLDINGS KEY INDICATORS:

Consumer - International (1) (2)

Branches (actual)	293			246			223			224			61			(73	)%	(79	)%

Average Loans (in billions)	$	8.3		$	6.7		$	6.1		$	5.4		$	2.4		(56	)%	(71	)%

EOP Loans:
Mortgages	$	0.6		$	0.5		$	0.5		$	0.5		$	0.2		(60	)%	(67	)%
Cards	3.6			2.8			2.6			2.6			1.2			(54	)%	(67	)%
Commercial Banking	2.0			1.0			0.5			0.5			0.3			(40	)%	(85	)%
Personal and Other	2.0			2.1			1.9			1.9			0.7			(63	)%	(65	)%
EOP Loans (in billions of dollars)	$	8.2		$	6.4		$	5.5		$	5.5		$	2.4		(56	)%	(71	)%
Net Interest Revenue	$	336		$	269		$	259		$	246		$	131		(47	)%	(61	)%
As a % of Average Loans	16.06		%	16.15		%	17.08		%	18.12		%	21.71		%
Net Credit Losses	$	122		$	78		$	77		$	82		$	32		(61	)%	(74	)%
As a % of Average Loans	5.83		%	4.68		%	5.08		%	6.04		%	5.30		%
Loans 90+ Days Past Due	$	157		$	145		$	170		$	164		$	94		(43	)%	(40	)%
As a % of EOP Loans	1.91		%	2.27		%	3.09		%	2.98		%	3.92		%
Loans 30-89 Days Past Due	$	179		$	161		$	138		$	135		$	49		(64	)%	(73	)%
As a % of EOP Loans	2.18		%	2.52		%	2.51		%	2.45		%	2.04		%

Consumer - North America (3)

Branches (actual)	272			266			261			259			251			(3	)%	(8	)%

Average Loans (in billions of dollars)	$	49.4		$	39.4		$	37.2		$	35.4		$	32.0		(10	)%	(35	)%

EOP Loans (in billions of dollars)	$	40.5		$	38.6		$	35.7		$	33.4		$	30.9		(7	)%	(24	)%
Net Interest Revenue	$	522		$	335		$	295		$	233		$	200		(14	)%	(62	)%
As a % of Average Loans	1.90		%	3.42		%	3.19		%	2.62		%	2.49		%
Net Credit Losses (4)	$	141		$	65		$	24		$	52		$	28		(46	)%	(80	)%
As a % of Average Loans	1.13		%	0.66		%	0.26		%	0.58		%	0.35		%
Loans 90+ Days Past Due	$	770		$	751		$	708		$	693		$	740		7	%	(4	)%
As a % of EOP Loans	2.01		%	2.05		%	2.09		%	2.17		%	2.51		%
Loans 30-89 Days Past Due	$	857		$	768		$	720		$	714		$	686		(4	)%	(20	)%
As a % of EOP Loans	2.24		%	2.09		%	2.12		%	2.24		%	2.33		%

(1)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.
(2)	See footnote 2 on page 19. Additionally, branches reflect the reduction in the fourth quarter of 2016 in accordance with HFS treatment.
(3)	See footnote 1 on page 19.
(4)	The second and fourth quarters of 2016 include recoveries of $23 million and $30 million, respectively, of prior credit losses related to sales of mortgage assets during those quarters.

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)

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

CITI HOLDINGS KEY INDICATORS:

North America Mortgages

CMI (CitiMortgage)	$	20.1		$	17.9		$	16.4		$	15.3		$	13.7		(10	)%	(32	)%
CFNA (CitiFinancial - North America)	5.6			0.2			0.1			0.2			0.2			—		(96	)%
Residential First	25.7			18.1			16.5			15.5			13.9			(10	)%	(46	)%
Home Equity	21.0			18.6			18.0			16.7			15.6			(5	)%	(23	)%
Average Loans (in billions of dollars)	$	46.7		$	36.7		$	34.5		$	32.2		$	29.5		(7	)%	(36	)%

CMI	$	18.5		$	17.4		$	15.6		$	14.6		$	13.2		(10	)%	(29	)%
CFNA	0.2			0.2			0.2			0.2			0.2			—		—
Residential First	18.7			17.6			15.8			14.8			13.4			(9	)%	(28	)%
Home Equity	19.1			18.3			17.3			16.1			15.0			(7	)%	(21	)%
EOP Loans (in billions of dollars) (1)	$	37.8		$	35.9		$	33.1		$	30.9		$	28.4		(8	)%	(25	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	34.0		$	29.3		$	28.5		$	18.6		$	18.0		(3	)%	(47	)%
Net Servicing & Gain/(Loss) on Sale	$	5.0		$	118.4		$	19.4		$	17.0		$	17.9		5	%	NM
Net Interest Revenue	$	239		$	254		$	223		$	152		$	115		(24	)%	(52	)%
As a % of Avg. Loans	2.03		%	2.78		%	2.60		%	1.88		%	1.54		%

CMI (2)	$	9		$	—		$	(13	)	$	6		$	(24	)	NM		NM
CFNA	56			1			1			1			1			—		(98	)%
Residential First	$	65		$	1		$	(12	)	$	7		$	(23	)	NM		NM
Home Equity	56			42			13			23			25			9	%	(55	)%
Net Credit Losses (NCLs)	$	121		$	43		$	1		$	30		$	2		(93	)%	(98	)%
As a % of Avg. Loans	1.03		%	0.47		%	0.01		%	0.37		%	0.03		%

CMI	$	319		$	310		$	263		$	241		$	287		19	%	(10	)%
CFNA	4			4			4			4			3			(25	)%	(25	)%
Residential First	323			314			267			245			290			18	%	(10	)%
Home Equity	417			409			414			418			420			—		1	%
Loans 90+ Days Past Due (1) (3) (4)	$	740		$	723		$	681		$	663		$	710		7	%	(4	)%
As a % of EOP Loans	2.08		%	2.13		%	2.18		%	2.26		%	2.63		%

CMI	$	537		$	451		$	431		$	425		$	393		(8	)%	(27	)%
CFNA	2			3			2			1			2			100	%	—
Residential First	539			454			433			426			395			(7	)%	(27	)%
Home Equity	271			274			241			244			234			(4	)%	(14	)%
Loans 30-89 Days Past Due (1) (3) (4)	$	810		$	728		$	674		$	670		$	629		(6	)%	(22	)%
As a % of EOP Loans	2.28		%	2.14		%	2.15		%	2.28		%	2.33		%

North America Personal Loans (5)
Average Loans (in billions of dollars)	$	0.8		$	0.9		$	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	$	279		$	63		$	63		$	63		$	59		(6	)%	(79	)%
As a % of Avg. Loans	N/A			—			—			—			—
Net Credit Losses	$	14		$	18		$	19		$	19		$	19		—		36	%
As a % of Avg. Loans	6.94		%	8.04		%	8.49		%	8.40		%	8.40		%
Loans 90+ Days Past Due	$	18		$	19		$	19		$	20		$	21		5	%	17	%
As a % of EOP Loans	2.00		%	2.11		%	2.11		%	2.22		%	2.33		%
Loans 30-89 Days Past Due	$	14		$	15		$	21		$	19		$	23		21	%	64	%
As a % of EOP Loans	1.56		%	1.67		%	2.33		%	2.11		%	2.56		%

(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 $1.5 billion and ($2.2 billion), $1.3 billion and ($1.9 billion), $1.2 billion and ($1.8 billion), $1.0 billion and ($1.5 billion), and $0.9 billion and (1.4 billion) as of December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016, respectively.

	The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.2 billion and ($2.2 billion), $0.2 billion and ($1.9 billion), $0.2 billion and ($1.8 billion), $0.1 billion and ($1.5 billion), and $0.2 billion and ($1.4 billion), as of December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016, respectively.
(4)	The December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $11 million, $9 million, $9 million, $9 million and $7 million, respectively, of loans that are carried at fair value.
(5)	See footnote 1 on page 19.

N/A	Not applicable for the fourth quarter 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)
	Fourth		Third		Fourth		Fourth		Third		Fourth		Fourth		Third		Fourth
	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	$	122,098	$	131,571	$	143,119	$	189	$	247	$	268	0.61	%	0.75	%	0.74	%
Fed Funds Sold and Resale Agreements (6)	226,388		234,996		235,364		554		636		596		0.97	%	1.08	%	1.01	%
Trading Account Assets (7)	195,193		201,206		194,782		1,465		1,471		1,371		2.98	%	2.91	%	2.80	%
Investments	343,974		354,789		344,031		1,900		1,946		1,963		2.19	%	2.18	%	2.27	%
Total Loans (net of Unearned Income) (8)	624,955		635,771		626,028		9,975		10,246		10,033		6.33	%	6.41	%	6.38	%
Other Interest-Earning Assets	60,323		52,668		62,602		409		221		321		2.69	%	1.67	%	2.04	%
Total Average Interest-Earning Assets	$	1,572,931	$	1,611,001	$	1,605,926	$	14,492	$	14,767	$	14,552	3.66	%	3.65	%	3.60	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	696,560	$	731,231	$	718,871	$	954	$	1,107	$	1,041	0.54	%	0.60	%	0.58	%
Deposit Insurance and FDIC Assessment	—		—		—		269		336		306
Total Deposits	696,560		731,231		718,871		1,223		1,443		1,347		0.70	%	0.79	%	0.75	%
Fed Funds Purchased and Repurchase Agreements (6)	162,998		157,984		150,137		415		459		424		1.01	%	1.16	%	1.12	%
Trading Account Liabilities (7)	63,213		76,237		81,670		59		102		124		0.37	%	0.53	%	0.60	%
Short-Term Borrowings	89,094		81,304		94,935		87		90		77		0.39	%	0.44	%	0.74	%
Long-Term Debt (9)	185,919		181,933		183,637		1,117		1,080		1,205		2.38	%	2.36	%	2.61	%
Total Average Interest-Bearing Liabilities	$	1,197,784	$	1,228,689	$	1,229,250	$	2,901	$	3,174	$	3,277	0.96	%	1.03	%	1.06	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,197,784	$	1,228,689	$	1,229,250	$	2,632	$	2,838	$	2,971	0.87	%	0.92	%	0.96	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,591	$	11,593	$	11,275	2.92	%	2.86	%	2.79	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,860	$	11,929	$	11,581	2.99	%	2.95	%	2.87	%

4Q16 Increase (Decrease) From													(13	)bps	(7	)bps

4Q16 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(12	)bps	(8	)bps

(1)	Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $126 million for the fourth quarter of 2015, $114 million for the third quarter of 2016 and $112 million for the fourth 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 ASU 2013-01 (Topic 210).
(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)

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

Citicorp Deposits by Business

Global Consumer Banking
North America	$	181.6		$	183.7		$	183.3		$	185.6		$	185.0	—		2	%
Latin America	28.7			28.3			28.2			27.4			26.4		(4	)%	(8	)%
Asia (1)	87.6			90.7			90.5			93.6			89.9		(4	)%	3	%
Total	$	297.9		$	302.7		$	302.0		$	306.6		$	301.3	(2	)%	1	%

ICG
North America	$	198.5		$	198.7		$	205.2		$	212.4		$	218.5	3	%	10	%
EMEA	170.6			181.3			178.6			181.0			177.7		(2	)%	4	%
Latin America	64.3			68.1			64.4			63.3			62.5		(1	)%	(3	)%
Asia	154.3			159.0			158.6			160.5			151.7		(5	)%	(2	)%
Total	$	587.7		$	607.1		$	606.8		$	617.2		$	610.4	(1	)%	4	%

Corporate/Other	$	12.0		$	15.6		$	22.7		$	10.6		$	15.5	46	%	29	%

Total Citicorp	$	897.6		$	925.4		$	931.5		$	934.4		$	927.2	(1	)%	3	%

Total Citi Holdings	$	10.3		$	9.2		$	6.4		$	5.9		$	2.2	(63	)%	(79	)%

Total Citigroup Deposits - EOP	$	907.9		$	934.6		$	937.9		$	940.3		$	929.4	(1	)%	2	%

Total Citigroup Deposits - Average	$	908.8		$	911.7		$	935.6		$	944.2		$	935.1	(1	)%	3	%

Foreign Currency (FX) Translation Impact:
Total Citigroup EOP Deposits - as Reported	$	907.9		$	934.6		$	937.9		$	940.3		$	929.4	(1	)%	2	%
Impact of FX Translation (2)	(14.5		)	(20.8		)	(15.4		)	(15.8		)	—
Total Citigroup EOP Deposits - Ex-FX (2)	$	893.4		$	913.8		$	922.5		$	924.5		$	929.4	1	%	4	%

(1)	Asia GCB includes deposits of certain EMEA countries for all periods presented.
(2)	Reflects the impact of FX translation into U.S. Dollars at the fourth 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)

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

Citicorp:
Global Consumer Banking

North America
Credit Cards	$	113.3		$	107.4		$	120.8		$	125.2		$	133.3	6	%	18	%
Retail Banking	52.2			53.5			54.8			54.8			55.3		1	%	6	%
Total	$	165.5		$	160.9		$	175.6		$	180.0		$	188.6	5	%	14	%

Latin America
Credit Cards	$	5.4		$	5.3		$	5.0		$	4.9		$	4.8	(2	)%	(11	)%
Retail Banking	20.1			20.1			19.5			19.0			18.3		(4	)%	(9	)%
Total	$	25.5		$	25.4		$	24.5		$	23.9		$	23.1	(3	)%	(9	)%

Asia (1)
Credit Cards	$	17.6		$	17.6		$	17.6		$	17.7		$	17.5	(1	)%	(1	)%
Retail Banking	68.4			68.7			67.5			68.1			63.0		(7	)%	(8	)%
Total	$	86.0		$	86.3		$	85.1		$	85.8		$	80.5	(6	)%	(6	)%

Total Consumer Loans
Credit Cards	$	136.3		$	130.3		$	143.4		$	147.8		$	155.6	5	%	14	%
Retail Banking	140.7			142.3			141.8			141.9			136.6		(4	)%	(3	)%
Total Consumer	$	277.0		$	272.6		$	285.2		$	289.7		$	292.2	1	%	5	%

Total Corporate Loans
North America	$	126.8		$	131.9		$	134.9		$	139.6		$	136.6	(2	)%	8	%
EMEA	60.4			64.7			68.7			67.6			62.4		(8	)%	3	%
Latin America	43.6			42.5			42.2			42.2			42.3		—		(3	)%
Asia	60.8			61.7			61.1			60.2			57.6		(4	)%	(5	)%
Total Corporate Loans	$	291.6		$	300.8		$	306.9		$	309.6		$	298.9	(3	)%	3	%

Total Citicorp	$	568.6		$	573.4		$	592.1		$	599.3		$	591.1	(1	)%	4	%

Foreign Currency (FX) Translation Impact:
Total Citicorp EOP Loans - as Reported	$	568.6		$	573.4		$	592.1		$	599.3		$	591.1	(1	)%	4	%
Impact of FX Translation (2)	(8.9		)	(12.3		)	(8.8		)	(8.8		)	—
Total Citicorp EOP Loans - Ex-FX (2)	$	559.7		$	561.1		$	583.3		$	590.5		$	591.1	—		6	%

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 loans of certain EMEA countries for all periods presented.
(2)	Reflects the impact of FX translation into U.S. Dollars at the fourth 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)

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

Citi Holdings:

Consumer - North America
Mortgages (1)	37.8			35.9			33.1			30.9			28.4		(8	)%	(25	)%
Personal Loans	0.9			0.9			0.9			0.9			0.9		—		—
Other	1.8			1.8			1.7			1.6			1.6		—		(11	)%
Total	$	40.5		$	38.6		$	35.7		$	33.4		$	30.9	(7	)%	(24	)%

Consumer - International
Credit Cards	$	3.6		$	2.8		$	2.6		$	2.6		$	1.2	(54	)%	(67	)%
REL, Personal & Other	4.6			3.6			2.9			2.9			1.2		(59	)%	(74	)%
Total	$	8.2		$	6.4		$	5.5		$	5.5		$	2.4	(56	)%	(71	)%

Citi Holdings - Other	0.3			0.4			0.2			0.2			—		(100	)%	(100	)%

Total Citi Holdings	$	49.0		$	45.4		$	41.4		$	39.1		$	33.3	(15	)%	(32	)%

Total Citigroup	$	617.6		$	618.8		$	633.5		$	638.4		$	624.4	(2	)%	1	%

Consumer Loans	$	325.8		$	317.9		$	326.4		$	328.7		$	325.4	(1	)%	—
Corporate Loans	291.8			300.9			307.1			309.7			299.0		(3	)%	2	%
Total Citigroup	$	617.6		$	618.8		$	633.5		$	638.4		$	624.4	(2	)%	1	%

Foreign Currency (FX) Translation Impact:
Total Citigroup EOP Loans - as Reported	$	617.6		$	618.8		$	633.5		$	638.4		$	624.4	(2	)%	1	%
Impact of FX Translation (2)	(8.5		)	(12.3		)	(9.0		)	(9.1		)	—
Total Citigroup EOP Loans - Ex-FX (2)	$	609.1		$	606.5		$	624.5		$	629.3		$	624.4	(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 fourth 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
	4Q			1Q			2Q			3Q			4Q			4Q
	2015			2016			2016			2016			2016			2016

Citicorp (2)
Total	$	2,119		$	2,022		$	1,965		$	2,169		$	2,296		$	292.2
*Ratio*	0.77		%	0.74		%	0.69		%	0.75		%	0.79		%

Retail Bank (2)
Total	$	523		$	498		$	515		$	579		$	474		$	136.6
Ratio	0.37		%	0.35		%	0.37		%	0.41		%	0.35		%
North America (2)	$	165		$	152		$	180		$	256		$	181		$	55.3
Ratio	0.32		%	0.29		%	0.33		%	0.47		%	0.33		%
Latin America	$	185		$	172		$	157		$	160		$	136		$	18.3
Ratio	0.92		%	0.86		%	0.81		%	0.84		%	0.74		%
Asia (3)	$	173		$	174		$	178		$	163		$	157		$	63.0
Ratio	0.25		%	0.25		%	0.26		%	0.24		%	0.25		%

Cards
Total	$	1,596		$	1,524		$	1,450		$	1,590		$	1,822		$	155.6
Ratio	1.17		%	1.17		%	1.01		%	1.08		%	1.17		%
North America - Citi-Branded	$	538		$	530		$	510		$	607		$	748		$	86.0
Ratio	0.80		%	0.82		%	0.66		%	0.75		%	0.87		%
North America - Retail Services	$	705		$	665		$	619		$	664		$	761		$	47.3
Ratio	1.53		%	1.56		%	1.43		%	1.51		%	1.61		%
Latin America	$	173		$	149		$	145		$	131		$	130		$	4.8
Ratio	3.20		%	2.81		%	2.90		%	2.67		%	2.71		%
Asia (3)	$	180		$	180		$	176		$	188		$	183		$	17.5
Ratio	1.02		%	1.02		%	1.00		%	1.06		%	1.05		%

Citi Holdings - Consumer (2) (4) (5)	$	927		$	896		$	878		$	857		$	834		$	33.3
*Ratio*	1.99		%	2.08		%	2.23		%	2.29		%	2.61		%
International	$	157		$	145		$	170		$	164		$	94		$	2.4
Ratio	1.91		%	2.27		%	3.09		%	2.98		%	3.92		%
North America (2) (4) (5)	$	770		$	751		$	708		$	693		$	740		$	30.9
Ratio	2.01		%	2.05		%	2.09		%	2.17		%	2.51		%
Other (6)																$	(0.1	)

Total Citigroup (2) (4) (5)	$	3,046		$	2,918		$	2,843		$	3,026		$	3,130		$	325.4
Ratio	0.94		%	0.93		%	0.88		%	0.93		%	0.97		%

(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 includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.
(4)	The December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $11 million, $9 million, $9 million, $9 million and $7 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
	4Q			1Q			2Q			3Q			4Q			4Q
	2015			2016			2016			2016			2016			2016

Citicorp (2)
Total	$	2,418		$	2,360		$	2,318		$	2,552		$	2,542		$	292.2
*Ratio*	0.88		%	0.87		%	0.82		%	0.88		%	0.87		%

Retail Bank (2)
Total	$	739		$	793		$	735		$	722		$	726		$	136.6
Ratio	0.53		%	0.56		%	0.52		%	0.51		%	0.53		%
North America (2)	$	221		$	198		$	192		$	198		$	214		$	55.3
Ratio	0.43		%	0.38		%	0.36		%	0.37		%	0.39		%
Latin America	$	184		$	256		$	197		$	196		$	185		$	18.3
Ratio	0.92		%	1.27		%	1.01		%	1.03		%	1.01		%
Asia (3)	$	334		$	339		$	346		$	328		$	327		$	63.0
Ratio	0.49		%	0.49		%	0.51		%	0.48		%	0.52		%

Cards
Total	$	1,679		$	1,567		$	1,583		$	1,830		$	1,816		$	155.6
Ratio	1.23		%	1.20		%	1.10		%	1.24		%	1.17		%
North America - Citi-Branded	$	523		$	492		$	550		$	710		$	688		$	86.0
Ratio	0.78		%	0.76		%	0.71		%	0.87		%	0.80		%
North America - Retail Services	$	773		$	688		$	669		$	750		$	777		$	47.3
Ratio	1.68		%	1.62		%	1.55		%	1.71		%	1.64		%
Latin America	$	157		$	152		$	137		$	131		$	125		$	4.8
Ratio	2.91		%	2.87		%	2.74		%	2.67		%	2.60		%
Asia (3)	$	226		$	235		$	227		$	239		$	226		$	17.5
Ratio	1.28		%	1.34		%	1.29		%	1.35		%	1.29		%

Citi Holdings - Consumer (2) (4) (5)	$	1,036		$	929		$	858		$	849		$	735		$	33.3
*Ratio*	2.23		%	2.16		%	2.18		%	2.27		%	2.30		%
International	$	179		$	161		$	138		$	135		$	49		$	2.4
Ratio	2.18		%	2.52		%	2.51		%	2.45		%	2.04		%
North America (2) (4) (5)	$	857		$	768		$	720		$	714		$	686		$	30.9
Ratio	2.24		%	2.09		%	2.12		%	2.24		%	2.33		%
Other (6)																$	(0.1	)

Total Citigroup (2) (4) (5)	$	3,454		$	3,289		$	3,176		$	3,401		$	3,277		$	325.4
Ratio	1.07		%	1.05		%	0.98		%	1.04		%	1.01		%

(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 includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.
(4)	The December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $11 million, $9 million, $9 million, $9 million and $7 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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	13,626		$	12,626		$	12,712		$	12,304		$	12,439						$	15,994		$	12,626

Gross Credit (Losses)	(2,180		)	(2,143		)	(2,048		)	(1,948		)	(2,083		)	(7	)%	4	%	(9,041		)	(8,222		)	9	%
Gross Recoveries	418			419			432			423			387			(9	)%	(7	)%	1,739			1,661			(4	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,762		)	(1,724		)	(1,616		)	(1,525		)	(1,696		)	(11	)%	4	%	(7,302		)	(6,561		)	10	%
NCLs	1,762			1,724			1,616			1,525			1,696			11	%	(4	)%	7,302			6,561			(10	)%
Net Reserve Builds / (Releases) (2)	386			42			(90		)	258			130			(50	)%	(66	)%	139			340			NM
Net Specific Reserve Builds / (Releases) (2)	108			120			(136		)	(37		)	(99		)	NM		NM		(333		)	(152		)	54	%
Provision for Loan Losses	2,256			1,886			1,390			1,746			1,727			(1	)%	(23	)%	7,108			6,749			(5	)%
Other (3) (4) (5) (6) (7) (8) (9)	(1,494		)	(76		)	(182		)	(86		)	(410		)	NM		73	%	(3,174		)	(754		)
Allowance for Loan Losses at End of Period (1) (a)	$	12,626		$	12,712		$	12,304		$	12,439		$	12,060						$	12,626		$	12,060

Allowance for Unfunded Lending Commitments (5) (10) (a)	$	1,402		$	1,473		$	1,432		$	1,388		$	1,418						$	1,402		$	1,418

Provision for Unfunded Lending Commitments (5)	$	94		$	71		$	(30	)	$	(45	)	$	33						$	74		$	29

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	14,028		$	14,185		$	13,736		$	13,827		$	13,478						$	14,028		$	13,478

Total Allowance for Loan Losses as a Percentage of Total Loans (11)	2.06		%	2.07		%	1.96		%	1.97		%	1.94		%

Allowance for Loan Losses at End of Period (1):
Citicorp	$	10,331		$	10,544		$	10,433		$	10,735		$	10,721
Citi Holdings	2,295			2,168			1,871			1,704			1,339
Total Citigroup	$	12,626		$	12,712		$	12,304		$	12,439		$	12,060

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

(2)	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 and fourth quarters of 2016 include releases of $89 million and $30 million, respectively, related to sales and transfers of mortgage loans during those quarters.

(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 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.

(5)	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.

(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)	The fourth quarter of 2016 includes a reduction of approximately $267 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $3 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a reduction of approximately $141 million related to FX translation.

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

(11)	December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016, exclude $5.0 billion, $4.8 billion, $4.1 billion, $4.0 billion and $3.5 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)

																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Total Citigroup Consumer Loans
Allowance for Loan Losses at Beginning of Period (1)	$	11,030		$	9,835		$	9,807		$	9,432		$	9,673						$	13,547		$	9,835

Net Credit Losses (NCLs)	(1,668		)	(1,513		)	(1,474		)	(1,485		)	(1,578		)	(6	)%	5	%	(7,058		)	(6,050		)	14	%
NCLs	1,668			1,513			1,474			1,485			1,578			6	%	(5	)%	7,058			6,050			(14	)%
Net Reserve Builds / (Releases) (2)	32			38			(74		)	368			93			(75	)%	NM		(411		)	425			NM
Net Specific Reserve Builds / (Releases) (2)	(16		)	19			(125		)	(36		)	(10		)	72	%	38	%	(419		)	(152		)	64	%
Provision for Loan Losses	1,684			1,570			1,275			1,817			1,661			(9	)%	(1	)%	6,228			6,323			2	%
Other (3) (4) (5) (6) (7) (8)	(1,211		)	(85		)	(176		)	(91		)	(398		)	NM		67	%	(2,882		)	(750		)	74	%
Allowance for Loan Losses at End of Period (1) (a)	$	9,835		$	9,807		$	9,432		$	9,673		$	9,358						$	9,835		$	9,358

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

Provision for Unfunded Lending Commitments	$	7		$	1		$	4		$	(4	)	$	(3	)					$	2		$	(2	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	9,870		$	9,844		$	9,474		$	9,712		$	9,393						$	9,870		$	9,393

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (10)	3.02		%	3.09		%	2.89		%	2.94		%	2.88		%

Total Citigroup Corporate Loans
Allowance for Loan Losses at Beginning of Period (1)	$	2,596		$	2,791		$	2,905		$	2,872		$	2,766						$	2,447		$	2,791

Net Credit (Losses) / Recoveries (NCL’s)	(94		)	(211		)	(142		)	(40		)	(118		)	NM		(26	)%	(244		)	(511		)	NM
NCLs	94			211			142			40			118			NM		26	%	244			511			NM
Net Reserve Builds / (Releases)	354			4			(16		)	(110		)	37			NM		(90	)%	550			(85		)	NM
Net Specific Reserve Builds / (Releases)	124			101			(11		)	(1		)	(89		)	NM		NM		86			—			(100	)%
Provision for Loan Losses	572			316			115			(71		)	66			NM		(88	)%	880			426			(52	)%
Other (3) (11)	(283		)	9			(6		)	5			(12		)					(292		)	(4		)
Allowance for Loan Losses at End of Period (1) (b)	$	2,791		$	2,905		$	2,872		$	2,766		$	2,702						$	2,791		$	2,702

Corporate Allowance for Unfunded Lending Commitments (9) (11) (b)	$	1,367		$	1,436		$	1,390		$	1,349		$	1,383						$	1,367		$	1,383

Provision for Unfunded Lending Commitments (11)	$	87		$	70		$	(34	)	$	(41	)	$	36						$	72		$	31

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	4,158		$	4,341		$	4,262		$	4,115		$	4,085						$	4,158		$	4,085

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

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

(2)	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 and fourth quarters of 2016 include releases of $89 million and $30 million, respectively, related to sales and transfers of mortgage loans during those quarters.

(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 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.

(5)	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.

(6)	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.

(7)	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.

(8)	The fourth quarter of 2016 includes a reduction of approximately $267 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $3 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a reduction of approximately $141 million related to FX translation.

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

(10)	December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016 exclude $34 million, $33 million, $32 million, $31 million and $29 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)	December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016 exclude $5.0 billion, $4.8 billion, $4.1 billion, $3.9 billion and $3.5 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)


																4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015			2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)

Citicorp
Net Credit Losses (NCLs)	$	1,501		$	1,581		$	1,514		$	1,396		$	1,637		17	%	9	%	$	5,966		$	6,128		3	%
Credit Reserve Build / (Release)	421			193			(2		)	343			109			(68	)%	(74	)%	261			643			NM
Global Consumer Banking
Net Credit Losses	1,405			1,370			1,373			1,351			1,518			12	%	8	%	5,752			5,612			(2	)%
Credit Reserve Build / (Release)	(44		)	85			24			436			162			(63	)%	NM		(393		)	707			NM
North America
Net Credit Losses	914			932			953			929			1,107			19	%	21	%	3,751			3,921			5	%
Credit Reserve Build / (Release)	(69		)	79			50			408			115			(72	)%	NM		(337		)	652			NM
Retail Banking
Net Credit Losses	42			24			44			54			85			57	%	NM		150			207			38	%
Credit Reserve Build / (Release)	7			63			(11		)	(40		)	(24		)	40	%	NM		53			(12		)	NM
Citi-Branded Cards
Net Credit Losses	454			455			467			448			539			20	%	19	%	1,892			1,909			1	%
Credit Reserve Build / (Release)	(85		)	(15		)	58			263			78			(70	)%	NM		(383		)	384			NM
Citi Retail Services
Net Credit Losses	418			453			442			427			483			13	%	16	%	1,709			1,805			6	%
Credit Reserve Build / (Release)	9			31			3			185			61			(67	)%	NM		(7		)	280			NM
Latin America
Net Credit Losses	307			278			260			254			248			(2	)%	(19	)%	1,280			1,040			(19	)%
Credit Reserve Build / (Release)	3			17			(2		)	32			36			13	%	NM		33			83			NM
Retail Banking
Net Credit Losses	159			134			137			132			138			5	%	(13	)%	589			541			(8	)%
Credit Reserve Build / (Release)	12			16			(3		)	47			31			(34	)%	NM		42			91			NM
Citi-Branded Cards
Net Credit Losses	148			144			123			122			110			(10	)%	(26	)%	691			499			(28	)%
Credit Reserve Build / (Release)	(9		)	1			1			(15		)	5			NM		NM		(9		)	(8		)	11	%
Asia (1)
Net Credit Losses	184			160			160			168			163			(3	)%	(11	)%	721			651			(10	)%
Credit Reserve Build / (Release)	22			(11		)	(24		)	(4		)	11			NM		(50	)%	(89		)	(28		)	69	%
Retail Banking
Net Credit Losses	94			62			61			73			65			(11	)%	(31	)%	319			261			(18	)%
Credit Reserve Build / (Release)	26			3			(21		)	—			12			NM		(54	)%	(32		)	(6		)	81	%
Citi-Branded Cards
Net Credit Losses	90			98			99			95			98			3	%	9	%	402			390			(3	)%
Credit Reserve Build / (Release)	(4		)	(14		)	(3		)	(4		)	(1		)	75	%	75	%	(57		)	(22		)	61	%

Institutional Clients Group (ICG)
Net Credit Losses	96			211			141			45			119			NM		24	%	214			516			NM
Credit Reserve Build / (Release)	465			108			(26		)	(93		)	(53		)	43	%	NM		654			(64		)	NM

Total Citicorp Provision for Loan Losses	$	1,922		$	1,774		$	1,512		$	1,739		$	1,746		—		(9	)%	$	6,227		$	6,771		9	%

(1) Asia GCB includes NCLs and credit reserve builds (releases) for certain EMEA countries 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)


															4Q16 Increase/				Full			Full			FY 2016 vs.
	4Q		1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			FY 2015 Increase/
	2015		2016			2016			2016			2016			3Q16		4Q15		2015			2016			(Decrease)
Citi Holdings
Net Credit Losses (1)	$	261	$	143		$	102		$	129		$	59		(54	)%	(77	)%	$	1,336		$	433		(68	)%
Credit Reserve Build / (Release)	73		(31		)	(224		)	(122		)	(78		)	36	%	NM		(455		)	(455		)	—

Total Citi Holdings Provision for Loan Losses	$	334	$	112		$	(122	)	$	7		$	(19	)	NM		NM		$	881		$	(22	)	NM

Total Citicorp Provision for Loan Losses (from prior page)	$	1,922	$	1,774		$	1,512		$	1,739		$	1,746		—		(9	)%	$	6,227		$	6,771		9	%

Total Citigroup Provision for Loan Losses	$	2,256	$	1,886		$	1,390		$	1,746		$	1,727		(1	)%	(23	)%	$	7,108		$	6,749		(5	)%

(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)

																4Q16 Increase/
	4Q			1Q			2Q			3Q			4Q			(Decrease) from
	2015			2016			2016			2016			2016			3Q16		4Q15
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	818		$	1,331		$	1,280		$	1,057		$	984		(7	)%	20	%
EMEA	347			469			762			857			904			5	%	NM
Latin America	303			410			267			380			379			—		25	%
Asia	128			117			151			121			154			27	%	20	%
Total	$	1,596		$	2,327		$	2,460		$	2,415		$	2,421		—		52	%

Consumer Non-Accrual Loans By Region (2) (3) (4)
North America	$	2,515		$	2,519		$	2,520		$	2,429		$	2,160		(11	)%	(14	)%
Latin America	874			817			884			841			711			(15	)%	(19	)%
Asia (5)	269			265			301			282			287			2	%	7	%
Total	$	3,658		$	3,601		$	3,705		$	3,552		$	3,158		(11	)%	(14	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

ICG	$	32		$	29		$	13		$	12		$	14		17	%	(56	)%
Global Consumer Banking	34			41			38			41			34			(17	)%	—
Citi Holdings	139			131			121			104			100			(4	)%	(28	)%
Corporate/Other	4			4			3			4			38			NM		NM

TOTAL OTHER REAL ESTATE OWNED (OREO) (6)	$	209		$	205		$	175		$	161		$	186		16	%	(11	)%

OREO By Region:
North America	$	166		$	159		$	151		$	132		$	161		22	%	(3	)%
EMEA	1			1			—			1			—			(100	)%	(100	)%
Latin America	38			35			19			18			18			—		(53	)%
Asia	4			10			5			10			7			(30	)%	75	%
Total	$	209		$	205		$	175		$	161		$	186		16	%	(11	)%

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

Non-Accrual Assets (NAA) (7)
Corporate Non-Accrual Loans	$	1,596		$	2,327		$	2,460		$	2,415		$	2,421		—		52	%
Consumer Non-Accrual Loans	3,658			3,601			3,705			3,552			3,158			(11	)%	(14	)%
Non-Accrual Loans (NAL)	5,254			5,928			6,165			5,967			5,579			(7	)%	6	%
OREO	209			205			175			161			186			16	%	(11	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	5,463		$	6,133		$	6,340		$	6,128		$	5,765		(6	)%	6	%

NAL as a % of Total Loans	0.85		%	0.96		%	0.97		%	0.93		%	0.89		%
NAA as a % of Total Assets	0.32		%	0.34		%	0.35		%	0.34		%	0.32		%

Allowance for Loan Losses as a % of NAL	240		%	214		%	200		%	208		%	216		%

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

(2) The fourth quarter of 2016 reflects the transfers of non accrual loans to HFS resulting from the agreements to sell the Brazil and Argentina consumer banking businesses.

(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 balances for certain EMEA countries 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)

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

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	804		$	1,317		$	1,266		$	1,043		$	973		(7	)%	21	%
EMEA	309			432			726			821			870			6	%	NM
Latin America	302			409			267			380			379			—		25	%
Asia	128			117			151			121			154			27	%	20	%
Total	$	1,543		$	2,275		$	2,410		$	2,365		$	2,376		—		54	%

Consumer Non-Accrual Loans By Region (3)
North America	$	456		$	516		$	671		$	651		$	557		(14	)%	22	%
Latin America	740			673			729			689			645			(6	)%	(13	)%
Asia (5)	252			254			291			272			280			3	%	11	%
Total	$	1,448		$	1,443		$	1,691		$	1,612		$	1,482		(8	)%	2	%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

ICG	$	32		$	29		$	13		$	12		$	14		17	%	(56	)%
Global Consumer Banking	34			41			38			41			34			(17	)%	—
Corporate/Other	4			4			3			4			38			NM		NM

TOTAL OTHER REAL ESTATE OWNED (OREO) (6)	$	70		$	74		$	54		$	57		$	86		51	%	23	%

OREO By Region:
North America	$	31		$	31		$	31		$	29		$	62		NM		100	%
EMEA	1			1			—			1			—			(100	)%	(100	)%
Latin America	34			32			18			17			17			—		(50	)%
Asia	4			10			5			10			7			(30	)%	75	%
Total	$	70		$	74		$	54		$	57		$	86		51	%	23	%

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

Non-Accrual Assets (NAA) (7)
Corporate Non-Accrual Loans	$	1,543		$	2,275		$	2,410		$	2,365		$	2,376		—		54	%
Consumer Non-Accrual Loans	1,448			1,443			1,691			1,612			1,482			(8	)%	2	%
Non-Accrual Loans (NAL)	2,991			3,718			4,101			3,977			3,858			(3	)%	29	%
OREO	70			74			54			57			86			51	%	23	%
Other Repossessed Assets	—			—			—			—			—
Non-Accrual Assets (NAA)	$	3,061		$	3,792		$	4,155		$	4,034		$	3,944		(2	)%	29	%

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

Allowance for Loan Losses as a % of NAL	345		%	284		%	254		%	270		%	278		%

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)

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

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	14		$	14		$	14		$	14		$	11		(21	)%	(21	)%
EMEA	38			37			36			36			34			(6	)%	(11	)%
Latin America	1			1			—			—			—			—		(100	)%
Asia	—			—			—			—			—			—		—
Total	$	53		$	52		$	50		$	50		$	45		(10	)%	(15	)%

Consumer Non-Accrual Loans By Region (2) (3) (4)
North America	$	2,059		$	2,003		$	1,849		$	1,778		$	1,603		(10	)%	(22	)%
Latin America	134			144			155			152			66			(57	)%	(51	)%
Asia (5)	17			11			10			10			7			(30	)%	(59	)%
Total	$	2,210		$	2,158		$	2,014		$	1,940		$	1,676		(14	)%	(24	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

OREO By Region (6):
North America	$	135		$	128		$	120		$	103		$	99		(4	)%	(27	)%
EMEA	—			—			—			—			—			—		—
Latin America	4			3			1			1			1			—		(75	)%
Asia	—			—			—			—			—			—		—
Total	$	139		$	131		$	121		$	104		$	100		(4	)%	(28	)%

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

Non-Accrual Assets (NAA) (7)
Corporate Non-Accrual Loans	$	53		$	52		$	50		$	50		$	45		(10	)%	(15	)%
Consumer Non-Accrual Loans	2,210			2,158			2,014			1,940			1,676			(14	)%	(24	)%
Non-Accrual Loans (NAL)	2,263			2,210			2,064			1,990			1,721			(14	)%	(24	)%
OREO	139			131			121			104			100			(4	)%	(28	)%
Other Repossessed Assets	—			—			—			—			—
Non-Accrual Assets (NAA)	$	2,402		$	2,341		$	2,185		$	2,094		$	1,821		(13	)%	(24	)%

NAA as a % of Total Assets	2.97		%	3.21		%	3.31		%	3.43		%	3.37		%

Allowance for Loan Losses as a % of NAL	101		%	98		%	91		%	86		%	78		%

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

Reclassified to conform to the current period’s presentation.

Page 35

CITIGROUP

REGULATORY CAPITAL RATIOS, TANGIBLE COMMON EQUITY AND TANGIBLE BOOK VALUE PER SHARE

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

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

Citigroup Common Stockholders’ Equity(2)	$	205,286		$	209,947		$	212,819		$	212,506		$	206,051
Add: Qualifying noncontrolling interests	145			143			134			140			129
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(3)	(617		)	(300		)	(149		)	(232		)	(560		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(4)	441			562			574			335			(61		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(5)	21,980			21,935			21,854			21,763			20,880
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	3,586			3,332			5,358			5,177			4,910
Defined benefit pension plan net assets	794			870			964			891			857
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	23,659			23,414			22,942			22,503			21,174
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(6)	8,723			7,254			6,876			7,077			9,452
Common Equity Tier 1 Capital (CET1)	$	146,865		$	153,023		$	154,534		$	155,132		$	149,528
Risk-Weighted Assets (RWA)	$	1,216,277		$	1,239,575		$	1,232,856		$	1,228,283		$	1,192,096
Common Equity Tier 1 Capital Ratio (CET1/RWA)	12.07		%	12.34		%	12.53		%	12.63		%	12.5		%

Supplementary Leverage Ratio

Common Equity Tier 1 Capital (CET1)	$	146,865		$	153,023		$	154,534		$	155,132		$	149,528
Additional Tier 1 Capital (AT1)(7)	17,171			18,119			19,493			19,628			19,837
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	164,036		$	171,142		$	174,027		$	174,760		$	169,365
Total Leverage Exposure (TLE)	$	2,317,849		$	2,300,427		$	2,326,929		$	2,360,520		$	2,345,442
Supplementary Leverage Ratio (T1C/TLE)	7.08		%	7.44		%	7.48		%	7.40		%	7.2		%

Tangible Common Equity and Tangible Book Value Per Share

Common Equity	$	205,139		$	209,769		$	212,635		$	212,322		$	205,867
Less:
Goodwill	22,349			22,575			22,496			22,539			21,659
Intangible assets (other than MSRs)	3,721			3,493			5,521			5,358			5,114
Goodwill and intangible assets (other than MSRs) related to assets held-for-sale	68			30			30			30			72
Tangible Common Equity (TCE)	$	179,001		$	183,671		$	184,588		$	184,395		$	179,022
Common Shares Outstanding (CSO)	2,953.3			2,934.9			2,905.4			2,849.7			2,772.4
Tangible Book Value Per Share (TCE/CSO)	$	60.61		$	62.58		$	63.53		$	64.71		$	64.57

(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 - January 18, 2017

Attached files